Mizan's net profit jumps 20.8% to KD 12.7 million

Mizan Holding Company, one of the largest manufacturers and distributors of food and beverage products, fast-moving consumer goods, and healthcare products in the Gulf region, announced its financial results for the second quarter and the first half ended June 30, 2026. Net profit increased by 20.8% to KD 12.7 million, and the Group achieved organic revenue growth during the first half of the year, despite the challenges faced during the period. Revenues rose by 2.7% to KD 163.3 million, while earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 9.6% to KD 20.8 million, and operating profit increased by 12.1% to KD 16.4 million. This performance extends the Group’s growth trajectory since the first half of 2023, with first-half revenues and net profit recording year-on-year growth every year since then. From the first half of 2023 to the first half of 2026, revenues grew at a compound annual growth rate (CAGR) of 5.2%, while net profit grew at a CAGR of 24.4%, reflecting the Group’s ability to sustain growth and enhance profitability.

Regional geopolitical challenges continued to impact shipping routes, transportation and insurance costs, and logistics, alongside extending lead times for the supply of certain raw materials and finished products. In response, the Group absorbed additional operational and procurement costs to ensure supply continuity, while the gross profit margin stood at 24.1%, compared to 24.6% in the first half of 2025.

The Group activated alternative supply sources and transport routes to adapt to operational changes, including shipping some cargo by road from Europe when necessary, to ensure a continuous flow of supplies to its markets. As a result, the Group maintained the availability of all key products identified since the beginning of the year, including staples, infant formula, and pharmaceuticals, with no stockouts recorded in these categories. Additionally, the “Aqua Gulf” and “Dana Water” brands continued to supply various sales channels, including cooperatives, hypermarkets, traditional retail outlets, as well as households and offices, with bottled water.

Muntasir Jasim Al-Wazan, Chairman of the Board of Directors of Mizan Holding Group, said: “For over 80 years, Mizan Holding has been committed to serving the Kuwaiti community. Extraordinary circumstances like these underscore that our responsibility extends beyond achieving financial results. During the first half, maintaining the availability of essential products in the markets we serve was a top priority, despite rising shipping costs and supply chain disruptions. I would like to thank our teams for their efforts in ensuring supply continuity, and express my appreciation for the continuous support and coordination from the Government of the State of Kuwait and relevant authorities, which contributed to keeping supply chains flowing smoothly during this period.”

For his part, Amr Faraj, Chief Executive Officer of Mizan Holding Group, stated: “Mizan Holding achieved organic revenue growth in the first half, alongside improved profitability, despite ongoing supply chain disruptions, rising costs, and shifting demand patterns, including a decline in demand for some impulse purchase categories. This performance is the result of operational initiatives implemented by the Group over the past two years, including strengthening its international operations, improving execution across market access channels, and regaining momentum in priority markets. The Group continues to execute these priorities to support long-term business and profitability growth.”

Food sector revenues reached KD 104.4 million, an increase of 3.6% compared to the same period in 2025, accounting for 63.9% of the Group’s total revenues. This sector comprises three segments: Food Manufacturing and Distribution, representing 58.4% of total Group revenues; Food Preparation, representing 4.6%; and Food Services, representing 0.9%.

Non-food revenues amounted to KD 58.9 million, an increase of 1.1% compared to the same period in 2025, accounting for 36.1% of the Group’s total revenues. This sector includes the Fast-Moving Consumer Goods and Healthcare segment, which represents 34.5% of total Group revenues, and the Industries segment, which represents 1.6%.