Trolley Posts KWD 7.4 Million Profit in Nine Months, Up 38.8%

Trolley for General Trading announced its financial results for the first nine months ended September 30, 2026, reflecting the continued strength of Trolley’s retail operations, the expansion of its branch network, and the ongoing growth of its business in Kuwait and Saudi Arabia.

• Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA): 15.4 million Kuwaiti dinars, representing a 29.2% year-on-year increase.

• Net cash flows from operating activities: 17.8 million Kuwaiti dinars, a 133.4% increase compared to the same period in 2025.

• Return on Equity (ROE): 27.7%, compared to 25.4% in the first nine months of 2025.

• Retail revenue growth in Kuwait: 18.3% year-on-year during the first nine months of 2026.

• Retail revenue growth in Saudi Arabia: 42.0% year-on-year during the first nine months of 2026.

• Same-store sales growth: 9.2% year-on-year in the third quarter of 2026.

• Branch network: A net increase of 36 branches during the first nine months of 2026.

Trolley recorded total revenues of 84.7 million Kuwaiti dinars during the first nine months of 2026, a 24.0% year-on-year increase, driven by growth in retail revenues in its key markets and the continued expansion of its branch network.

In Kuwait, retail revenues grew by 18.3% year-on-year, while retail revenues in Saudi Arabia grew by 42.0%. Same-store sales also increased by 9.2% year-on-year in the third quarter of 2026. The branch network saw a net addition of 36 branches during the first nine months of the year, reflecting the continued execution of the company’s expansion plans in its target markets.

EBITDA rose to 15.4 million Kuwaiti dinars, a 29.2% year-on-year increase, while net profit reached 7.4 million Kuwaiti dinars, a 38.8% year-on-year increase.

Net cash flows from operating activities amounted to 17.8 million Kuwaiti dinars, a 133.4% increase compared to the same period in 2025, supporting the company’s financial flexibility and its ability to continue executing its operational priorities. Earnings per share stood at 26.77 fils, a 38.8% year-on-year increase, while Return on Equity reached 27.7%, compared to 25.4% in the first nine months of 2025.

Commenting on these results, Faisal Yaqoub Boodai, Chairman of the Board of Directors of Trolley for General Trading, said: “We continue to develop the institutional foundations that support Trolley’s long-term growth by strengthening governance and transparency practices and developing competencies and systems that keep pace with our business expansion. Our presence in Kuwait and Saudi Arabia serves as a foundation for capturing growth opportunities and diversifying income sources, while maintaining disciplined capital allocation, thereby enhancing investor confidence and delivering sustainable value to our shareholders.”

For his part, Mohammed Yaqoub Boodai, Group Chief Executive Officer and Vice Chairman of the Board of Directors at Trolley, stated: “This performance, by the grace of God Almighty, is based on the strong operational foundations we have built over the past years. We continue to focus on disciplined execution, improving operational efficiency, enhancing branch performance, and delivering a consistent customer experience across our network, while expanding into high-potential locations. Operating cash flows support our ability to execute these priorities and capture growth opportunities in line with our long-term strategy.”

During the remainder of 2026, Trolley will continue to focus on the disciplined expansion of its branch network in high-potential locations, enhance operational efficiency, and deliver a consistent customer experience in Kuwait and Saudi Arabia. These priorities support the company’s long-term growth strategy and its commitment to delivering sustainable value to shareholders.