KEPCO reports net profit of 5.3 million dinars in the first half

Kuwait Projects Company (Holdings) – KIPCO – announced a net profit of 5.3 million Kuwaiti dinars during the first six months of 2026, compared to 10.2 million dinars in the corresponding period of 2025. Earnings per share for the first half of the year stood at 0.3 fils.

The decline in KIPCO’s net profit was primarily attributable to reduced contributions from the energy, banking, real estate, hospitality, industrial, and logistics sectors, reflecting the impact of geopolitical conditions on these industries.

Operating revenues rose by 3.49% to reach 795.9 million dinars in the first half of the year, compared to 769.1 million dinars in the same period of 2025.

During the second quarter of 2026 (the three months ended June 30, 2026), KIPCO recorded a net profit of 1.8 million dinars. Operating profit increased by 35.93% to 52.2 million dinars, up from 38.4 million dinars in the corresponding period of 2025.

Total operating revenues for KIPCO in the second quarter amounted to 420 million dinars, an increase of 8.95% compared to 385.5 million dinars in the second quarter of 2025. Shareholders’ equity also rose by 1.79% to 656.5 million dinars, compared to 644.9 million dinars at the end of 2025.

The group’s consolidated assets reached 14.45 billion dinars at the end of the first half of 2026, compared to 13.82 billion dinars at the end of 2025.

Commenting on the results, Sheikh Adana Nasser Al-Sabah, CEO of the KIPCO Group, said: “The first half of the year witnessed exceptionally challenging conditions, amid ongoing uncertainty in the region. Despite these circumstances, KIPCO continued to generate profits, reflecting the resilience of our investment portfolio and the strength of our core companies. More importantly, we maintained our focus on executing our plans and advancing the strategic priorities we have set for the group.”

She added: “We continue to operate based on a disciplined approach to capital management and operational efficiency, with a focus on preserving and enhancing value for stakeholders. As we closely monitor developments in our environment, we remain committed to implementing our strategy and strengthening our companies’ operations, positioning them to capitalize on opportunities arising from market developments.”