| الفترة الحالية / Current | الفترة المقارنة / Comparative | التغير / Change | |
|---|---|---|---|
| Net loss attributable to parent's shareholders (9M) | (67,927) | (42,970) | (58.08%) |
| Loss per share, fils (9M) | (0.41) | (0.26) | (57.69%) |
| Net loss attributable to parent's shareholders (Q3) | (17,971) | (28,048) | 35.93% |
| Loss per share, fils (Q3) | (0.110) | (0.170) | 35.29% |
| Total revenue per income statement (9M) | 187,943 | 248,968 | — |
| Total assets | 5,255,413 | 5,203,723 | 0.99% |
| Total liabilities | 226,353 | 200,759 | 12.75% |
| Equity attributable to parent's shareholders | 5,009,029 | 4,989,349 | 0.39% |
| Accumulated losses / paid-up capital | 72.28% | 72.39% | 0.17% |
Accumulated losses at Credit Rating & Collection Company stood at KD 11,925,981 as at 30 September 2026, equal to 72.28% of paid-up capital of KD 16,500,000, versus KD 11,858,054 on 31 December 2025 and KD 11,945,921 on 30 September 2025, according to a disclosure filed on 5 November 2026 after the board approved the unaudited interim financial statements.
The net loss attributable to the parent company's shareholders was KD 67,927 in the first nine months of 2026, versus KD 42,970 in the same period of 2025, a loss 58.08% wider. Loss per share was 0.41 fils versus 0.26 fils. The group's net loss for the period was KD 67,016 versus KD 42,340.
In the third quarter, the loss attributable to the parent company's shareholders narrowed 35.93% to KD 17,971 from KD 28,048, with a loss per share of 0.11 fils versus 0.17 fils.
The company attributed the loss to lower revenues and their failure to cover expenses. Total revenue in the income statement was KD 187,943 versus KD 248,968: financial assets posted a loss of KD 10,870 versus a profit of KD 54,858, and collection commissions fell to KD 2,473 from KD 6,199, while net rental income from real estate was KD 195,946 versus KD 187,641 and other income was KD 394 versus KD 270. General and administrative expenses were KD 253,360 versus KD 290,944, and depreciation was KD 1,599 versus KD 364. The financial results form showed total operating revenue of KD 198,419 versus KD 193,840, up 2.36%.
The auditor's review report drew attention to a material uncertainty over the group's ability to continue as a going concern, stating that its conclusion is not modified in this respect. The notes state that the group's continuity depends on its ability to make profits, enhance future cash flows, and restructure (reschedule) and renew its credit facilities, in addition to support and financing from major shareholders, and that the consolidated financial statements must be adjusted if these conditions are not met.
The notes also cite Article 271 of Companies Law No. 1 of 2016: if a shareholding company's losses reach three quarters of paid-up capital, the board members must call an extraordinary general assembly to consider continuing the company, dissolving it before the term set in its contract, or taking other appropriate measures. If the board fails to call the assembly, or the assembly cannot reach a decision, the ministry and any interested party may ask the competent court to dissolve the company.
Total assets were KD 5,255,413 versus KD 5,203,723 on 30 September 2025, up 0.99%, including investment properties of KD 4,742,653. Current assets were KD 504,706 versus KD 430,678, and total liabilities were KD 226,353 versus KD 200,759, including current liabilities of KD 169,501 versus KD 148,040. Equity attributable to the parent company's shareholders was KD 5,009,029 versus KD 4,989,349.
Cash and cash equivalents were KD 61,441 versus KD 32,574, alongside term deposits of KD 127,000, while net cash used in operating activities was KD 153,895 versus KD 51,900.
Revenue was split between Kuwait, at KD 94,504, and the United Arab Emirates, at KD 93,439. The company's investments include KD 4,458,111 in a local fund that is fully provisioned, after the Capital Markets Authority approved the fund's liquidation and the appointment of a liquidator on 11 December 2016.
Total revenue from related-party transactions was KD 15,839 according to the results form, with no related-party expenses. The results included no dividends or capital changes, and the ordinary general assembly held on 7 May 2026 decided not to distribute dividends or board remuneration for 2025.
The company said the information has no effect on its financial position.
