Trولي Reports 5.2 Million KD in Profits in the First Half
Up 54% year-on-year, with expansion in Kuwait and Saudi Arabia continuing
Total revenues reach KD 54.9 million, up 25.8% annually
Retail revenues grow 56.9% in Saudi Arabia and 18.4% in Kuwait; earnings per share rise to 18.8 fils
Branch network expands by 25, adding 8 in Kuwait and 17 in Saudi Arabia
Trolley for General Trading, listed on the First Market of the Kuwait Stock Exchange, announced its financial results for the first half ended June 30, 2026. Total revenues reached KD 54.9 million, representing a 25.8% year-on-year increase, while earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at KD 10.4 million, up 36.7% year-on-year.
In a press release, the company stated that net profits amounted to KD 5.2 million, a 54.0% year-on-year increase. Net cash flows from operating activities reached KD 10.1 million, up 20.3% year-on-year, while return on equity (ROE) recorded 27.4%, compared to 26.0% in the first half of 2025.
The company noted that earnings per share (EPS) reached 18.88 fils, up 54.0% year-on-year. Retail revenues in Kuwait grew by 18.4% year-on-year, while those in Saudi Arabia surged by 56.9%. The branch network expanded by 25 branches during the first half of 2026, with 8 new branches in Kuwait and 17 in Saudi Arabia.
Strong performance in a changing operational environment
The company stated that Trolley continued to achieve balanced growth in revenues and profitability during the first half of 2026, supported by its strong position in the retail sector and stable demand for its products, which are daily necessities exhibiting high resilience to economic fluctuations. These results reflect the robustness of the company’s business model and its ability to maintain strong operational and financial performance, alongside the continued execution of its expansion plans in target markets.
Trolley recorded total revenues of KD 54.9 million in the first half, up 25.8% year-on-year, driven by strong retail sector performance, the continued expansion of its branch network, and growth in its core markets.
Retail revenues in Kuwait grew by 18.4% year-on-year, while Saudi retail revenues grew by 56.9%. Same-store sales increased by 9.8% year-on-year, reflecting sustained demand across the company’s existing branch network. The total number of branches in both countries reached 259 as of June 30, 2026.
Profitability growth and strong cash flows
The company highlighted that EBITDA rose to KD 10.4 million, up 36.7% year-on-year, reflecting strong operational performance and the company’s ability to leverage revenue growth and business expansion. Net profit reached KD 5.2 million, up 54.0% year-on-year, supported by strong operating leverage, an improved revenue mix, and disciplined cost management.
Net cash flows from operating activities amounted to KD 10.1 million, a 20.3% year-on-year increase, demonstrating the company’s strength in cash generation and working capital management. Earnings per share stood at 18.88 fils, up 54.0% year-on-year, while return on equity reached 27.4%, compared to 26.0% in the first half of 2025.
On this occasion, Faisal Yaqoub Boodai, Chairman of the Board of Directors at Trolley, said: “The results for the first half of 2026 underscore Trolley’s ability to achieve sustainable growth while maintaining operational and financial discipline. This period served as a true test of the resilience of our business model amid a dynamic operating environment. We will continue to uphold the highest standards of governance and transparency, thereby strengthening 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 has been achieved, by the grace of God Almighty and then thanks to the strong operational foundations we have built over the past years. We are particularly pleased by the continued momentum of our business in the Kingdom of Saudi Arabia, which remains a cornerstone of our growth strategy. During the second half of the year, we will continue to focus on disciplined execution, delivering a consistent customer experience across all our branches, and seizing growth opportunities in line with our long-term strategy.”
Looking ahead, Trolley enters the second half of 2026 supported by an expanding branch network, strong operating cash flows, and a growing presence in Kuwait and the Kingdom of Saudi Arabia.
The statement noted that during the second half of the year, the company will focus on three key priorities: continuing disciplined expansion of the branch network with an emphasis on high-potential locations; enhancing operational efficiency and leveraging the centralized distribution model; and further developing the customer experience across all of the company’s channels, including its e-commerce operations.
