20.8% growth in Mizan's net profit in the first six months of 2026
Mizan Holding Company reported that it achieved revenue growth in the first half ended June 30, 2026, despite the challenges faced during the period. Revenues rose by 2.7 percent to reach 163.3 million dinars, while earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 9.6 percent to 20.8 million. Operating profit increased by 12.1 percent to 16.4 million, and net profit rose by 20.8 percent to 12.7 million.
This performance extends the growth trajectory recorded by the group since the first half of 2023, as it has posted year-on-year growth in both revenues and net profit for the first half of each year since then. Over the period from the first half of 2023 to the first half of 2026, revenues grew at a compound annual growth rate (CAGR) of 5.2 percent, while net profit grew at a CAGR of 24.4 percent, reflecting the group’s ability to sustain growth and enhance profitability.
According to the company’s statement, regional geopolitical challenges continued to affect shipping routes, transportation and insurance costs, and logistics. In response, the group absorbed additional operational and supply costs to ensure the continuity of supplies, with gross profit margin reaching 24.1 percent compared to 24.6 percent in the first half of 2025.
Consumer demand patterns shifted, with a decline in demand for some impulse purchase categories, partially offset by increased demand for essential goods and necessary products. The statement added that the group’s wide market presence and strong in-store execution helped capitalize on the shift in the demand mix.
The statement noted that the group activated alternative supply sources and transport routes to keep pace with operational changes, including shipping some cargoes by road from Europe when necessary.
Board Chairman Muntasir Al-Wazzan said, “For over 80 years, Mizan Holding has been committed to serving the Kuwaiti community, and exceptional circumstances like these underscore that its responsibility extends beyond achieving financial results. During the first half, maintaining the availability of essential products in the markets served by the group was a key priority, despite rising shipping costs and supply chain disruptions.”
Chief Executive Officer Amr Farag said, “Mizan Holding achieved organic revenue growth in the first half, alongside improved profitability, despite ongoing supply chain disruptions, rising costs, and changing demand patterns, including a decline in demand for some impulse purchase categories. This performance is the result of operational initiatives implemented by the group over the past two years, including strengthening its international operations, improving execution across market access channels, and regaining momentum in priority markets. The group continues to implement these priorities to support the long-term growth and profitability of its business.”
The initiatives began to reflect in performance during the first half, with revenues growing by 43.1 percent in Saudi Arabia, 16.8 percent in Qatar, and 7.1 percent in the UAE. Conversely, revenues in Jordan and Iraq combined declined by 8.9 percent.
