| 9 أشهر 2026 | 9 أشهر 2025 | |
|---|---|---|
| Net profit attributable to shareholders | 23.48 مليون دينار | 11.62 مليون دينار |
| EPS | 41.32 فلس | — |
| Profit from continuing operations | 5.66 مليون دينار | 11.70 مليون دينار |
| EPS from continuing operations | 9.96 فلس | — |
| Total expenses | 2.47 مليون دينار | — |
| Financing costs | 0.87 مليون دينار | — |
International Financial Advisors Holding (IFA Holding) achieved net profit attributable to the parent company's shareholders of KWD 23.48 million in the first nine months of 2026, with earnings per share of 41.32 fils, up 102.13% from KWD 11.62 million in the same period of 2025. The third quarter alone recorded profit of KWD 18.26 million, equivalent to 32.13 fils per share.
The figures were presented at the company's Q3 2026 analysts and investors conference, held via live broadcast on Wednesday 4 November 2026 at 2:30 PM, moderated by Ahmed El Shazly of EFG Hermes, with Chairman Saleh Al-Selmi and EVP of Finance Ali Mostafa Al-Hati.
Al-Selmi said most of the growth stemmed from restructuring the company's investment in First Takaful Insurance Company. IFA sold 18.21% of its stake for a cash consideration of KWD 8.54 million, losing control of the company while retaining significant influence. The transaction, together with the remeasurement of the remaining stake at fair value, produced a gain of KWD 17.77 million under discontinued operations. The company subsequently sold an additional 4.72% stake for KWD 3.18 million, and now retains a 17.43% stake classified as an investment in an associate, plus a 13.09% stake classified as assets held for sale, valued at KWD 6.14 million, which it expects to finish selling over the next twelve months.
Profit from continuing operations amounted to KWD 5.66 million, or 9.96 fils per share, compared with KWD 11.70 million in the corresponding period. Al-Selmi noted that last year's results included significant non-recurring gains, including settlement gains of KWD 3 million and a higher contribution from associates during the divestment of the Fairmont Hotel by Ifa Hotels & Resorts.
At the level of continuing operations, the share of results of associates and joint ventures was KWD 3.34 million, mainly from Ifa Hotels & Resorts and the Umm Al Hayman Project. The company also recorded a gain of KWD 3.79 million from the partial disposal of an investment in an associate and a gain of KWD 0.97 million from the sale of assets held for sale. Dividend income rose 135% to KWD 0.78 million.
Total expenses reached KWD 2.47 million, up 58.5%, including a 3.1% rise in employee costs and a 42.3% rise in operating expenses. Financing costs rose 73.7% to KWD 0.87 million due to new Murabaha facilities used to fund the portfolio's expansion, and an additional expected credit loss provision of KWD 0.34 million was recognized.
As of 30 September 2026, total assets stood at approximately KWD 178.89 million, up 10.4% year on year, and equity attributable to shareholders reached KWD 148.79 million, up 16.3% since the start of the year. Investments in associates and joint ventures totalled KWD 83.11 million and investments at fair value through other comprehensive income KWD 55.22 million, while loans stood at KWD 23.11 million, equivalent to 15.5% of total equity. Investments at fair value through profit or loss rose to KWD 11.31 million from KWD 1.04 million at the end of 2025, after the company obtained credit facilities and entered new investments.
In hospitality, IFA retains a 40.77% stake in Ifa Hotels & Resorts after selling 1.98% of its shares during the period for a profit of KWD 3.79 million. In infrastructure, it holds a 20% stake in the Umm Al Hayman Wastewater Treatment Project, which is currently operational; the Partnerships Authority has selected a subscription advisor to proceed with the project's IPO. In financial services, its investments in Arzan Financial Group continue to diversify earnings.
Al-Selmi set three priorities for the coming period: strengthening the performance of existing investments, unlocking value from key assets led by the Umm Al Hayman Project and completing the sale of the held-for-sale stake in First Takaful, and evaluating selective investment opportunities. No questions were raised during the call.
