Meezan Holding Reports 15 Million KD Net Profit, Up 11.4% in First Nine Months

Mizan Holding announced its financial results for the third quarter and the nine-month period ended September 30, 2026, recording growth in revenues and profits compared to the same period last year. The results showed that net profit attributable to shareholders of the parent company rose by 11.4% to reach KD 15 million during the first nine months of the current year, compared to the same period in 2025. The company recorded revenues of KD 237.5 million, representing a 3.9% year-on-year growth, while operating profits increased by 5.8% to reach KD 21.7 million. Earnings before interest, taxes, depreciation, and amortization amounted to approximately KD 28.3 million, a 4.6% increase compared to the same period last year. Regarding profitability, the company achieved pre-tax profits of KD 17.7 million, a 12.7% increase, while post-tax profits grew by 11.6% to reach KD 16 million.

Muntasir Al-Wazan, Chairman of the Board of Directors of Mizan Holding Group, stated: "The Group’s financial results for the first nine months of 2026 reflect the robustness and resilience of Mizan Holding’s business model, and its ability to maintain strong financial and operational performance, despite the economic challenges and geopolitical disruptions witnessed in the region and their subsequent impacts on markets, business activities, and supply chains. This performance underscores the Group’s capacity to adapt to changes and handle challenges efficiently, relying on the diversification of its business portfolio, the strength of its brands, and the solid trust it has earned from consumers across generations over more than 80 years. The Group continues to commit to strengthening its leading position in the food, consumer goods, and healthcare sectors, while enhancing operational efficiency and expanding its presence in regional markets, maintaining a balanced approach that combines growth with financial discipline."

For his part, Omar Sumoud, Acting Chief Executive Officer and Executive Chief Financial Officer of the Group, said: "The Group recorded a 3.9% revenue growth, reaching KD 237.5 million during the first nine months of 2026, driven by the strong performance of the food sector and solid growth in regional markets, particularly Saudi Arabia and Qatar. Discipline in managing operating expenses and business portfolio enhancement initiatives also contributed to supporting a 12.7% growth in pre-tax profits. We will continue to focus on capitalizing on growth opportunities and enhancing operational efficiency to achieve sustainable growth that boosts profitability."

The food segment generated revenues of KD 153.3 million, a 4.8% increase compared to the same period last year. Food segment revenues accounted for 64.6% of the Group’s total revenues. These revenues include the food manufacturing and distribution sector, which represents 58.8% of the Group’s total revenues, food services at 4.7%, and catering services at 1.0%.

Non-food segment revenues reached KD 84.2 million, recording a 2.5% increase compared to the same period last year. This segment’s revenues represent 35.4% of the Group’s total revenues.

Its revenues include both the fast-moving consumer goods sector and the healthcare sector, which together account for 33.5% of the Group’s total revenues, as well as the industrial sector, which contributes 1.9% of total revenues. In regional markets during the first nine months of 2026: Kuwait: revenues increased by 2.8%. UAE: revenues increased by 3.9%. Qatar: revenues increased by 18.3%. Saudi Arabia: revenues increased by 49.7%. Jordan: revenues decreased by 9.2% (including Iraq operations).