| 9 أشهر 2026 | 9 أشهر 2025 | التغير | |
|---|---|---|---|
| Net profit | 673,736 | 896,454 | (%24.8) |
| EPS (fils) | 3.21 | 4.43 | (%27.5) |
| Total assets | 39,165,103 | 40,120,209 | (%2.4) |
| Total liabilities | 2,474,169 | 1,911,595 | %29.4 |
| Shareholders' equity | 36,690,934 | 38,208,614 | (%4.0) |
Kuwait Resorts Company's net profit attributable to shareholders of the parent company fell 24.8% to KD 673,736 in the first nine months of 2026, from KD 896,454 in the same period of 2025, according to the company's disclosure to Boursa Kuwait. Earnings per share fell 27.5% to 3.21 fils from 4.43 fils.
Third-quarter net profit was KD 90,398, compared with KD 106,624 a year earlier, a decline of 15.2%. Quarterly earnings per share fell 17.3% to 0.43 fils from 0.52 fils.
The company said the nine-month decline was mainly due to lower other income, higher general and administrative expenses and lower cash dividends from investments.
Cash dividends from investments at fair value through other comprehensive income were KD 1,022,168 for the nine months, against KD 1,060,623 a year earlier. Other income fell to KD 103,634 from KD 239,468. General and administrative expenses rose to KD 373,003 from KD 311,658, and finance costs rose to KD 59,187 from KD 18,799.
The company booked a total comprehensive loss of KD 739,365 for the nine months, against comprehensive income of KD 5,940,377 a year earlier. This reflected a negative change of KD 1,470,474 in investments at fair value through other comprehensive income.
As at 30 September 2026, total assets were KD 39,165,103, down 2.4% from KD 40,120,209 at 30 September 2025. Current assets rose 4.3% to KD 651,499. Total liabilities rose 29.4% to KD 2,474,169, and current liabilities rose 28.5% to KD 2,300,287. Equity attributable to shareholders of the parent company fell 4.0% to KD 36,690,934.
The group has a short-term facility of KD 1,788,281 from a local financial institution at an effective profit rate of 4.75%, secured by investments at fair value through OCI. Investments with a total carrying value of KD 13,050,100 are pledged to local banks against facilities granted to the group.
Revenue from related-party transactions was KD 623,603, and related-party expenses were KD 12,627.
On 14 April 2026, the ordinary general assembly approved a cash dividend of 3.5 fils per share and 2.5 bonus shares for every 100 shares from treasury shares for the year ended 31 December 2025.
The company said that if the escalating conflict in the Middle East is prolonged, some assumptions and estimates about the fair value of assets may need revision. It added that it cannot yet reliably estimate the potential impact.
The board approved the financial statements at its meeting No. 7/2026 on Monday, 9 November 2026. The auditor, Ali Bader Al-Wazzan of Deloitte & Touche – Al-Wazzan & Co., issued an unqualified opinion. The disclosure was signed by Ibrahim Mohamed Al-Ghanim, Vice Chairman and CEO.
Kuwait Resorts
