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Lights, camera, profit: KNCC posts KD 8.7 million net profit

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Lights, camera, profit: KNCC posts KD 8.7 million net profit

Kuwait National Cinema Company reports 16% rise in net profits for the first half of 2025.

KUWAIT CITY, Aug 10: Kuwait National Cinema Company (KNCC) announced a net profit of KD 8.7 million (approximately USD 26.5 million) for the first half of 2025, marking a 16 percent increase compared to KD 7.5 million (USD 22.8 million) recorded in the same period last year.

According to a disclosure published on the Kuwait Boursa website on Sunday, earnings per share (EPS) rose to 94.84 fils in the first half of 2025, up from 81.63 fils during the corresponding period in 2024, reflecting the same 16 percent growth.

The company attributed the improved financial performance to a combination of factors, including a 3 percent increase in operating revenues, a 5 percent reduction in costs, a slight 0.4 percent rise in financing interest expenses, and a 9 percent growth in its share of results from an associate company.

Founded in 1954 and publicly listed on the Kuwait Stock Exchange since 1984, KNCC has an authorized and paid-up capital of KD 10.10 million (around USD 30.8 million). The company specializes in cinema-related activities encompassing education, entertainment, and intellectual pursuits both within Kuwait and abroad.

In addition to its core business, KNCC invests surplus funds in financial and real estate portfolios managed by professional firms. The company also operates and manages restaurants, cafes, and ready-made meal services.

The steady growth in KNCC’s financial results underscores its resilient market position and diversified business operations.

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Kamco Invest reports a net profit of KWD7.1mn for the ‎first half of 2025‎

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Kuwait City, 12August2025: Kamco Invest, a regional non-banking financial powerhouse with one of the ‎largest AUMs in the region, announced its financial results for the six-month periodended30June2025. The ‎Company reported a net profit of KWD7.1mn (EPS:20.72fils) compared toKWD2.5mn during the same ‎period in 2024 (EPS:7.26fils).‎

Total revenue stood atKWD19.0mn, an increase of 48.2% compared to the same period of 2024, whereas ‎fee and commission income reached KWD7.5mn (6M 2024: KWD8.1mn).The rise in total revenue was ‎primarily driven by the performance of the Company’s investment portfolio, supported by one-off ‎proceeds from a legal case ruled in the Company’s favor.‎

Assets under management grew by 7.5% to reach USD17.1bn as of 30June 2025, due to new money raised ‎in various products during the period, as well as the performance of portfolios and funds. Kamco Invest ‎maintained its ranking amongst the ten largest asset managers in the MENA region, according to Forbes ‎Middle East. The Company enjoys a strong track record and deep expertise in delivering diverse investment ‎solutions to its clients.‎

Managed portfolios continued to outperform their respective benchmarks, while the Company’s equity ‎funds maintained their positions amongst the top performing funds in Kuwait and Saudi Arabia, based on ‎the fund disclosures published on Boursa Kuwait and Tadawul websites.‎

As forAlternative Investments, which includes real estate, private equity and structured products, the team ‎continued to expand its range of offerings to provide clients with added value. During the period, Kamco ‎Invest finalized the acquisition of a 60% majority stake in European Green Logistics Space (EGLS), a ‎company specializing in the development, investment, and management of logistics assets in Europe. This ‎acquisition reflects Kamco Invest’s commitment to growing its recurring fee income while unlocking value-‎adding opportunities for regional clients in the sustainable logistics sector.‎

Furthermore, the Company successfully exited its investment in Yargici, a leading Turkish fashion and ‎accessories brand held by one of Kamco Invest’s private equity funds, through a sale to TIMS Group, a ‎diversified Turkish business group with operations in content production, tourism, construction, and land ‎development. The exit highlights Kamco Invest’s commitment to delivering long-term value to its clients ‎while ensuring the continued growth and success of its portfolio companies.‎

The Investment Banking team continued to advise clients on several transactions across equity capital ‎markets, debt capital markets, and M&A, with deals expected to close during the year. During the six-‎month period, the team advised OSN Group on the sale of a 30% stake of its subsidiary, OSN Streaming ‎Ltd., to Warner Bros. Discovery for USD57mn. The team also acted as Joint Lead Manager on five bond ‎and sukuk issuances totaling USD2.3bn for regional banks and institutions across Kuwait, Saudi Arabia, ‎UAE, and Qatar.‎

First Securities Brokerage Company, Kamco Invest’s brokerage arm, continued to strengthen its ‎competitive position and attracted new clients through its online trading platforms. ‎

Kamco Invest -Saudi and Kamco Invest – DIFC continued to strengthen their presence in their respective ‎markets by improving their services and contributing more to the company’s core businesses, particularly ‎in asset management. Kamco Invest – Saudi signed a strategic partnership with Flexam Invest to offer ‎leasing opportunities to their clients. Furthermore, Kamco Invest – Saudi completed the fit-out of its new ‎premises in the King Abdullah Financial District (KAFD), with the official move taking place in July 2025.‎

Kamco Invest was awarded the “Kuwait’s Best for Alternative Investments” at the Euromoney Private ‎Banking Awards 2025, highlighting the Company’s rapid growth and sustained success in the alternatives ‎space. In addition, Kamco Invest was named “Kuwait’s Best Investment Bank – DCM” at the Euromoney ‎Awards for Excellence 2025, in recognition of the team’s outstanding performance in executing bond and ‎sukuk transactions for local and regional clients.‎

Total assets increased by 4.4% during the period to reachKWD135.5mn, whereas shareholders’ equity rose ‎by 8.7%toKWD67.7mn. The Company also enjoys a strong financial position and a “BBB” long-term credit ‎rating and “A3” short-term rating with stable outlook by Capital Intelligence in their latest review in May2025. ‎

Commenting on the results, Sheikh Talal Ali Abdullah Al Jaber Al Sabah, Chairman, said, “Our performance ‎in the first half of 2025 highlights the resilience of our strategy and the strength of our diversified business ‎model. We are well positioned to navigate market dynamics and grow our business while continuing to ‎deliver value to our shareholders.”‎

Faisal Mansour Sarkhou, Chief Executive Officer, commented, “We delivered solid growth during the six-‎month period on various fronts including assets under management and achieved strong returns across our ‎investment portfolios. Strategic developments, such as the acquisition of a majority stake in EGLS, ‎demonstrate our focus on long-term value creation. We remain committed to enhancing our offerings, ‎expanding our regional footprint, and delivering sustainable growth for our clients and stakeholders.”‎

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Agility Global PLC Reports Q2 2025 EBIT of $97 Million

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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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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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