KEPCO Reports 8.3 Million KD Profit in 9 Months

Kuwait Projects Company (KIPCO) reported total operating revenues of KD 1.2 billion for the nine months ended September 30, 2026, representing a 2% increase compared to the same period in 2025.

The financial center witnessed growth during the period, with total assets rising to KD 14.3 billion from KD 13.8 billion at the end of 2025, while shareholders’ equity increased to KD 652 million from KD 645 million.

The group’s net profit for the nine-month period stood at KD 8.3 million, down from KD 13.4 million in the corresponding period of 2025, with earnings per share at 0.5 fils. Ongoing economic and geopolitical challenges in the region continued to impact profitability levels, casting a shadow on the performance of several key sectors, particularly banking, energy, industry, logistics, and real estate. However, the results of other companies within the group’s portfolio helped mitigate the impact of these challenges.

Regarding the third quarter of 2026, KIPCO recorded a net profit of KD 3 million, compared to KD 3.3 million in the same period last year. Operating profit amounted to KD 26.9 million, down from KD 34.5 million.

Commenting on these results, Sheikh Adana Nasser Al-Sabah, CEO of the KIPCO Group, said: “Despite the challenges faced by the business environment, we achieved growth in operating revenues and total assets during the first nine months of the year. This growth reflects the impact of the steps we have taken over the past few years to strengthen our financial position, restructure our investment portfolio, and enhance the group’s operational efficiency.”

She added, “Regional conditions this year affected the profitability of some of the group’s companies, but the diversification of our investment portfolio proved its importance in mitigating these impacts. The stable profits of several of our companies helped offset the decline in profits of others. Our focus in the coming phase is on translating revenue growth into higher profitability levels, while continuing to adhere to financial discipline, which remains a cornerstone for achieving sustainable long-term value for our shareholders.”