EVA Hotels Reports KD 2.54 Million Profit in First Half of 2026
Eva Hotels and Resorts reported profits of 2.54 million Kuwaiti dinars during the first half of 2026, with earnings per share of 6.99 fils. The decline in profits compared to the same period in 2025 is attributed to the repercussions of geopolitical developments in the region, which impacted the hospitality sector’s performance due to the suspension and cancellation of several flights to certain destinations, thereby affecting hotel occupancy rates and tourism activity overall.
Despite these exceptional circumstances, the company continued to strengthen its financial position, with total assets rising by 5.73 percent and equity attributable to the parent company’s shareholders growing by 17.94 percent compared to the first half of 2025. The company also persisted in executing its operational and investment strategies to enhance operational efficiency, diversify revenue streams, and advance its expansion projects and strategic investments, thereby supporting sustainable growth and enhancing value for shareholders.
Commenting on the results, Chairman Khaled Asbeih stated: “The company continued to implement its operational and investment plans despite ongoing uncertainty stemming from geopolitical developments in the region, leveraging the strength of its financial position, which is underpinned by a robust asset base and low debt levels. This enabled the company to maintain its flexibility and continue executing its expansion projects. He reaffirmed the company’s commitment to improving operational efficiency and enhancing the quality of revenues and long-term returns, supporting business growth and solidifying its ability to deliver sustainable value to shareholders.”
He noted that while the sectors in which the company operates have faced pressures, the economic fundamentals in its key markets—primarily the United Arab Emirates, which hosts most of its projects—remain strong and resilient. This resilience is supported by continued spending on development projects, the flexibility of the real estate sector, and investor confidence, which bolster expectations that activity will return to its normal pace as regional tensions ease.
He clarified that management will continue to focus on enhancing operational efficiency and financial discipline, supporting sustainable growth and maximizing long-term value for shareholders, while maintaining the flexibility needed to navigate economic and geopolitical changes.
