Trolley raises net profit by 38.8% to KD 7.4 million in the first nine months of 2026 - Sarmad

• Total revenues increased by 24.0% year-on-year to 84.7 million Kuwaiti dinars, while EBITDA grew by 29.2% to 15.4 million Kuwaiti dinars.

• Retail revenues grew year-on-year by 42.0% in Saudi Arabia and 18.3% in Kuwait, while same-store sales increased by 9.2% year-on-year in the third quarter of 2026.

• The branch network recorded a net increase of 36 branches during the first nine months of 2026.

Trolley for General Trading, the leading retail commerce platform operating a leading store chain listed on the First Market of the Kuwait Stock Exchange, announced its financial results for the nine months ended September 30, 2026.

The results reflect the continued strength of Trolley’s retail operations, the expansion of its branch network, and the ongoing growth of its business in both Kuwait and the Kingdom of Saudi Arabia.

Key Financial Results for the First Nine Months of 2026

• Total Revenues: 84.7 million Kuwaiti dinars, up 24.0% year-on-year.

• EBITDA: 15.4 million Kuwaiti dinars, up 29.2% year-on-year.

• Net Profit: 7.4 million Kuwaiti dinars, up 38.8% year-on-year.

• Net Cash Flows from Operating Activities: 17.8 million Kuwaiti dinars, up 133.4% compared to the same period in 2025.

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

• Earnings Per Share (EPS): 26.77 fils, up 38.8% year-on-year.

Key Operational Indicators

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

• Retail revenue growth in the Kingdom of 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.

Strong Revenue Growth Driven by Expansion

Trolley recorded total revenues of 84.7 million Kuwaiti dinars during the first nine months of 2026, representing a 24.0% year-on-year increase, alongside 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 the Kingdom of 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 recorded a net increase 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.

Profitability Growth and Strong Cash Flows

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

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 reached 26.77 fils, up 38.8% year-on-year, while return on equity stood at 27.7%, compared to 25.4% in the first nine months of 2025.

Management Comments

On this occasion, Mr. Faisal Yaqoub Boodai, Chairman of the Board of Directors of Trolley, stated: “We continue to develop the institutional foundations that support Trolley’s long-term growth, by entrenching governance and transparency practices and developing competencies and systems in line with our business expansion. Our presence in Kuwait and the Kingdom of Saudi Arabia serves as a foundation for capturing growth opportunities and diversifying revenue sources, while maintaining disciplined capital allocation, thereby enhancing investor confidence and delivering sustainable value to our shareholders.”

For his part, Mr. Mohammed Yaqoub Boodai, Chief Executive Officer of the Group and Vice Chairman of the Board of Directors at Trolley, said: “This performance has been achieved, by the grace of Allah Almighty, based on the strength of the 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 implement these priorities and capture growth opportunities in alignment with our long-term strategy.”

Outlook

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