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MSNBC finishes first in primetime basic cable for first time ever

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Agility Global PLC Reports Q2 2025 EBIT of $97 Million

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August 12, 2025

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KUWAIT / UAE: Aug 12: Agility Global PLC, a multi-business owner, operator and long-‎term investor, today reported Q2 2025 earnings of $24 million, or 0.24 cents per share. EBIT ‎grew 5% to $97 million, EBITDA increased 8% to $181 million, and revenue rose 8% to $1.2 ‎billion.‎

For the first six months period, earnings stood at $45 million, or 0.44 cents per share. EBIT grew ‎‎1% to $189 million, EBITDA increased 7% to $354 million, and revenue rose 12% to $2.3 billion.‎

As of June 30, 2025, Agility’s investment segment had a total asset value of approximately $5.5 ‎billion, and total assets value was $12.7 billion.‎

Agility Global Chairman, Tarek Sultan, said: “The Group delivered another quarter of healthy ‎operational performance, supported by continued organic growth across our core businesses. ‎We see robust growth in Menzies and Agility Logistics Parks. Tristar delivered steady top-line ‎growth and operational ramp-up; however, the lower-margin profile of this growth, compounded ‎by challenges in its Maritime segment, has limited its EBIT expansion. Nevertheless, our ‎operational momentum and underlying business fundamentals remain strong.”‎

Sultan added: “Our diversified portfolio, spanning critical logistics infrastructure across high ‎growth markets, enables us to navigate global economic headwinds effectively. We continue to ‎execute on our strategy, focusing on disciplined growth and value creation.”‎

Controlled Segment

For Q2 2025, the consolidated EBIT of the controlled businesses was $96 million; EBITDA was ‎‎$179 million; and revenue reached $1,200 million. For the six months, EBIT of the controlled ‎businesses was $174 million; EBITDA was $339 million; and revenue $2,343 million. ‎

Aviation Services: Menzies

Menzies Aviation revenue reached $691 million in Q2 2025, representing 9% growth over the ‎same period in 2024. The growth was mainly driven by increased volumes from new operations ‎in Portugal and Spain; ground handling yields improvements; and strong cargo volumes across ‎the regions excluding the impact of the closures of some non-profitable stations. In Q2, Menzies ‎Ground Handling and fueling operations serviced close to 1.5 million flights.‎

Over the same period, EBITDA and EBIT grew 13% and 24% with all divisions and service lines ‎showing growth. Improved EBITDA and EBIT margins indicate the business’s ability to leverage ‎its existing platform for growth. ‎

In Q2, Menzies expanded its executive lounge presence in Europe, adding a Pearl lounge in ‎Bratislava to the portfolio. ‎

Regulatory approval for the acquisition of 100% of US-based G2 Secure Staff is expected in ‎Q3.‎

Fuel Logistics: Tristar

Tristar, a fully integrated fuel logistics business, reported Q2 revenue of $346 million, EBITDA of ‎‎$64 million and EBIT $33 million. The 17.3% revenue growth over Q2 2024 was mainly driven by ‎the new retail fuel business in Sri Lanka, which began operations in the second half of 2024. ‎Although the retail fuel business is a low margin business today, Tristar is gaining a strong market ‎presence and expects profit margins to improve in 2026 as efficiencies are realized, and the ‎network expands. The maritime segment continued to face market headwinds during the ‎quarter, but management remains confident in the long-term potential of this segment.‎

Industrial Real Estate: Agility Logistics Parks (ALP)‎

Agility Logistics Parks recorded Q2 2025 revenue of $14 million, representing a 13% increase ‎from the same period last year. EBIT stood at $10 million.‎

Strong demand for warehousing in Saudi Arabia continues to drive occupancy rates above 90%, ‎particularly Riyadh. ALP’s ongoing development of 226K SQM of new warehousing space is ‎progressing and on schedule; some units have already been delivered, and the remainder are ‎scheduled for delivery during the remaining months of 2025.‎

The GCC warehousing sector is experiencing robust demand driven by e-commerce growth, ‎‎3PL expansion, and government-led industrial diversification programs. In Africa, ALP continues ‎to evaluate opportunities in high-growth logistics corridors, particularly in East Africa, where ‎demand for modern logistics infrastructure is underserved.‎

Investment Segment

As of June 30, 2025, Agility Global’s investment segment stood at $5.5 billion in asset value.‎

The segment’s key assets include stakes in DSV and Reem Mall.‎

‎●‎tDSV, Agility Global’s largest investment holding, delivered solid Q2 2025 performance, ‎underpinned by continued organic operational strength. The DB Schenker integration ‎remains largely on track. While the share price has been volatile over the period, we are ‎managing our equity collar with prudence to protect downside risk and restructure upside ‎potential in line with DSV’s intrinsic performance. Agility Global’s DSV investment value ‎has increased by 12% YTD.‎

‎●‎tAgility Global is an investor in Reem Mall on Abu Dhabi’s Reem Island, Abu Dhabi’s latest ‎signature shopping, dining, and entertainment family destination, spanning around 183.4K ‎sqm of Gross Leasable Area (GLA). Anchored by hypermarkets and notable ‎entertainment and home furnishing concepts, the mall will be home to around 400 ‎international and local brands. One of the prominent recent openings was Sharaf DG, an ‎expansive 3,334 sqm electronics retail space with 34 brand experience zones, making it ‎the largest store of its kind in Abu Dhabi. ‎

As of June 2025, roughly 66% of GLA was open and trading, with an additional 14% ‎under fit-out, for an effective GLA leased of 80%. As of July 2025, we have signed ‎proposals for an additional 4% of GLA. The mall recorded consecutive record-breaking ‎months for footfall and tenant sales in May and June where key metrics have increased ‎by 30% and 40% respectively.‎

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Zain Group reports exceptional Performance for H1 2025: Net Profit soars 49% YoY to reach KD 121m(USD 395m); Revenue grows 14% YoY to reach KD 1.1bn (USD 3.5bn)

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August 12, 2025

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KUWAIT CITY, Aug 12: Zain Group, a leading provider of innovative ICT and digital lifestyle communications, operating in eight markets across the Middle East and Africa, announces its consolidated financial results forsecond quarter (Q2) and six-months (H1) ended 30 June 2025. Zain served 50.9million customers at the end H1 2025, a7% increase Year-on-Year (YOY),driven by network restorationin Sudan and expansion in Iraq.

Group Key Performance Indicators (KD and USD) for the first six months (H1) of 2025

Total Managed Active Customersn 50.9 million            n
Revenuen KD 1.1billion       (USD 3.5billion)n
EBITDA n KD 356 million       (USD 1.2 billion)  n
EBITDA Marginn 33%   n
Net Incomen KD 121 million         (USD 395n million)  n
EPSn 28fils n                     (USD 0.09)n

Zain Group H1 2025 revenue soared 14% YoY to reach KD 1.1billion (USD 3.5 billion). EBITDA grew10% YoY to reach KD 356 million (USD 1.2 billion), reflecting an EBITDA margin of 33%. Net income for the first six months soared49% YoY, reaching KD 121 million (USD 395 million).Net income for H1 2025 includes one-time gain of KD 15 million (USD 50 million) on settlement of legal disputeinvolving INWI, of which Zain Group is a 15.5% shareholder (via Zain Al Ajial).H1 2025 Earnings per share stood at 28fils (USD 0.09).

Group Key Performance Indicators (KD and USD) for the second quarter (Q2) of 2025

Total Managed Activen Customersn 50.9n million            n
Revenuen KD 541million       (USD 1.8billion)  n n
EBITDA n KD 186million      (USD 606million)  n
EBITDA Marginn 34%   n
Net Incomen KD 73million         (USD 237million)  n
EPSn 17fils n                     (USD 0.05)n

Zain GroupQ2 2025 revenue grew 13% to reach KD 541million (USD 1.8 billion) compared to Q2 2024. EBITDA reachedKD 186million(USD 606million), reflecting a healthy EBITDA margin of 34%. Net income soared 40% to reach KD 73 million (USD 237 million), reflectingearnings per share of 17fils (USD 0.05).

Key Operational Highlights for H1 2025

1.  The Board declaresinterim dividend of 10 fils per share for the 5thconsecutive year, that will be payable to entitled shareholders on 3September2025.

2.  Customer base increased 7% driven by network restoration in Sudan and site expansion in Iraq

3.  Data revenue grew 8% YoY to reach USD 1.3billion, representing 37% of total Group revenue

4.  Overthe six months, Zain Group invested USD 397million in CAPEX (11% of revenue)

5.  Operations in Kuwait, KSA, Bahrain and Jordan witness impressive growth in 5G revenues

6.  Zain Kuwait and KSA launch 5G Advanced services enhancing digital innovation in these markets

7.  Impressive net profit growth in Sudan (+101%), KSA (+28%) and Iraq (+23%) for H1 2025

8.  Fintech revenue witnessedrobust growth of28% YoY, while transaction volume soared 46% YoY

9.  Groupwide enterprise revenue witnessed 11% growth YoY, as ZainTECH and B2B teams win key business and government accounts, ZainTECH revenue soared 94% YoY

10.     Groupwide digital services witness revenue growth of 7% driven by increase in Sudan and Kuwait

11.     Zain Omantel International (ZOI) records exceptional revenue growth of 324%YoY; receivesmultiple industry awards for its innovative subsea and terrestrial networks

12.     Zain launches ‘Bede’ Fintech Platform in Sudan offering money transfers, airtime top-ups, bill payments, merchant purchases, cash deposits and withdrawals

13.     Launch of “WE ABLE 2030” Vision aiming to safeguard people with disabilities in the ‘AI’ era

14.     Zain Inclusion, Diversity & Equity University(IDEU) program winsprestigious EFMD Excellence Award

15.     Publishedthe 14thannual Sustainability Report, titled ‘The New Paradigm Shift’

Commenting on Q2 and H1 2025 results, Chairman of Zain Group, Mr. Osamah Al Furaih said, “The Group’s strong performance underscores the productivealliance between the Board and executive management teams of all our entities in delivering our ‘4WARD—Progress with Purpose’ strategy. Our focus on acceleration, collaboration, and digital innovation, alongside our ESG commitments, is having comprehensive impact on sustainable value creation for all stakeholders. Moreover, constructive relationships with regulators and key stakeholders arealso driving meaningful connectivity across all customer segments.”

“Following this H1 2025 performance and solid financial position, the Board is pleased to declare a fifth consecutive interim dividend of 10fils per share, in line with our minimum annual dividend policy of 35fils.”

Mr. Bader Al-Kharafi, Zain Vice-Chairman and Group CEO commented, “Our outstanding operational and financial performance over the past six months is the result of carefully executed strategic investments in network expansion and AI technologies, combined with disciplined cost optimization and focused monetization of our enterprise, fintech, and digital service portfolios. We are committed to sustaining this positive momentum and elevating Zain to even greater heights.”

“Despite fierce competition in our home market of Kuwait—which still delivered solid results—our core operations across all major markets made notable strides. Sudan, Saudi Arabia, and Iraq, in particular, recordedexceptionaldouble-digit net income growth. Furthermore, our ICT enterprise arm, ZainTECH, and our global wholesale carrier, Zain Omantel International (ZOI), performed exceptionally well, as did our fintech and digital service portfolios across multiple markets.”

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Inflation likely moved higher last month as tariffs bite, putting the Fed in bind

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10 hours ago

on

August 12, 2025

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DCMC221

Federal Reserve Chairman Jerome Powell, speaks during a news conference following the Federal Open Market Committee meeting on July 30 in Washington. (AP)

WASHINGTON, Aug 12, (AP): Inflation likely ticked up in July for the third straight month as tariffs lift the cost of imported goods such as furniture, appliances, and toys, which could make it harder for the Federal Reserve to cut short-term interest rates as President Donald Trump has demanded. Consumer prices are forecast to have risen 2.8% in July from a year earlier, according to a survey of economists by data provider FactSet.

That annual pace would be up from 2.7% in June and a post-pandemic low of 2.3% in April. Excluding volatile food and energy costs, core inflation is expected to rise to 3%, from 2.9% in June. Both figures are well above the Fed’s 2% price target. The potential increases, while modest, would put the Fed in a difficult spot: Hiring slowed sharply in the spring, after Trump announced a sweeping set of tariffs in April.

The stalling out of job gains has boosted financial market expectations for an interest rate cut by the central bank. Yet Fed chair Jerome Powell has warned that worsening inflation could keep the Fed on the sidelines – a stance that has enraged Trump, who has defied traditional norms of central bank independence and demanded lower borrowing costs.

  Tuesday’s data will also arrive at a highly-charged moment for the Labor Department’s Bureau of Labor Statistics, which collects and publishes the inflation data. Trump fired Erika McEntarfer, then the head of BLS, after the Aug. 1 jobs report also showed sharply lower hiring for May and June than had previously been reported.

The president posted on social media Monday that he has picked E.J. Antoni, an economist at the conservative Heritage Foundation and a frequent critic of the jobs report, to replace McEntarfer. “E.J. will ensure that the Numbers released are HONEST and ACCURATE,” Trump said on Truth Social. Adding to the BLS’s turmoil is a government-wide hiring freeze that has forced it to cut back on the amount of data it collects for each inflation report, the agency has said.

UBS economist Alan Detmeister estimates that BLS is now collecting about 18% fewer price quotes for the inflation report than it did a few months ago. He thinks the report will produce more volatile results, though averaged out over time, still reliable. On a monthly basis, prices are expected to rise modestly, increasing just 0.2% from June to July and core prices rising 0.3%. Gas prices likely fell in July and grocery costs are expected to barely increase, muting overall inflation. 

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