KEPCO achieves 5.3 million dinars in six months

Kuwait Projects Company (KIPCO) announced a net profit of 5.3 million dinars during the first six months of this year, compared with 10.2 million dinars in the corresponding period of 2025, with earnings per share reaching 0.3 fils for the first half.

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

Operating revenues rose by 3.49 percent to reach 795.9 million dinars in the first half of the year, compared with 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, while operating profit increased by 35.93 percent to 52.2 million dinars, compared with 38.4 million dinars in the corresponding period of 2025.

Total operating revenues for KIPCO in the second quarter reached 420.0 million dinars, an increase of 8.95 percent compared with 385.5 million dinars in the second quarter of 2025. Shareholders’ equity also rose by 1.79 percent to 656.5 million dinars, compared with 644.9 million dinars at the end of 2025.

The company’s consolidated assets totaled 14.45 billion dinars at the end of the first half of 2026, compared with 13.82 billion dinars at the end of 2025.

Commenting on the results, Sheikha Adana Nasser Al Sabah, Chief Executive Officer of KIPCO Group, said: “The first half of the year witnessed difficult exceptional 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 surrounding environment, we remain committed to implementing our strategy and strengthening our companies’ operations, positioning them to capitalize on opportunities that market developments may present.”