“Troweli” earns KD 5.2 million in the first half, up 54%
Trolley General Trading Company, the retail trading platform based on the convenience store concept and listed on the First Market of the Kuwait Stock Exchange, announced its financial results for the first half ended June 30, 2026.
The results reflect the continued strength of Trolley’s retail operations, the expansion of its branch network, and the ongoing growth of its business in both Kuwait and the Kingdom of Saudi Arabia.
• Net cash flows from operating activities: KD 10.1 million, up 20.3% year-on-year
• Return on Equity (ROE): 27.4%, compared to 26.0% in the first half of 2025
• Branch network: A net increase of 25 branches during the first half of 2026, comprising 8 branches in Kuwait and 17 branches in the Kingdom of Saudi Arabia
Trolley continued to achieve balanced growth in revenue and profitability during the first half of 2026, supported by its strong position in the retail sector and stable demand for its products, which are essential daily goods with high resilience to economic fluctuations. These results reflect the robustness of the company’s business model and its ability to maintain strong operational and financial performance, while continuing to execute its expansion plans in its target markets.
Trolley recorded total revenues of KD 54.9 million during the first half of 2026, representing a year-on-year growth of 25.8%, driven by the strong performance of its retail sector, the continued expansion of its branch network, and the growth of its business in its key markets.
In Kuwait, retail revenues grew by 18.4% year-on-year, while retail revenues in the Kingdom of Saudi Arabia grew by 56.9%. Same-store sales also increased by 9.8% year-on-year, reflecting sustained demand across the company’s existing branch network.
The company’s branch network recorded a net increase of 25 branches during the first half of 2026, with 8 branches in Kuwait and 17 branches in the Kingdom of Saudi Arabia, underscoring the continued execution of its expansion plans in target markets. Consequently, the company’s total number of branches in both countries reached 259 as of June 30, 2026.
The company’s supply chains maintained their operational efficiency throughout the first half of the year, supported by its centralized distribution model via its central warehouse, alongside continued investments in enhancing its logistical capabilities.
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose to KD 10.4 million, up 36.7% year-on-year, reflecting strong operational performance and the company’s ability to capitalize on revenue growth and the expansion of its business scope.
Net profit also reached KD 5.2 million, up 54.0% year-on-year, driven by strong operating leverage, an improved revenue mix, and disciplined cost management.
Net cash flows from operating activities amounted to KD 10.1 million, an increase of 20.3% year-on-year, reflecting the company’s strong cash generation capabilities and efficient working capital management.
Earnings per share reached 18.88 fils, up 54.0% year-on-year, while Return on Equity stood at 27.4%, compared to 26.0% in the first half of 2025.
Commenting on the results, Faisal Yaqoub Boudi, Chairman of the Board of Directors of Trolley, said: “The first-half 2026 results confirm the company’s ability to achieve sustainable growth while maintaining operational and financial discipline. This period served as a true test of the resilience of our business model in a changing operational environment. We will continue to uphold the highest standards of governance and transparency to strengthen investor confidence and deliver sustainable value to our shareholders.”
For his part, Mohammed Yaqoob Boodi, Chief Executive Officer and Vice Chairman of the Board at Trolley, said: “This performance was achieved, by the grace of God Almighty and then thanks to the strength of the operational foundations we have built over the past years. We are particularly pleased by the continued momentum of our business in the Kingdom of Saudi Arabia, which represents a cornerstone of our growth strategy. During the second half of the year, we will continue to focus on disciplined execution, delivering a consistent customer experience across all our branches, and seizing growth opportunities in line with our long-term strategy.”
Trolley enters the second half of 2026 supported by an expanding branch network, strong operating cash flows, and a growing presence in Kuwait and the Kingdom of Saudi Arabia.
During the second half of the year, the company will focus on three key priorities: continuing the disciplined expansion of its branch network with an emphasis on high-potential locations, enhancing operational efficiency and leveraging the centralized distribution model, and further developing the customer experience across the company’s various channels, including its e-commerce business.
