| 9 أشهر 2026 | 9 أشهر 2025 | |
|---|---|---|
| Net profit (loss) attributable to shareholders | (1,128,178) | 5,349 |
| EPS (fils) | (24.89) | 0.12 |
| Service revenue | 41,098 | 814 |
| Net loss for the period | (1,180,888) | (11,259) |
| Total assets (30 Sep) | 3,008,180 | 4,123,266 |
| Shareholders' equity (30 Sep) | 2,157,859 | 2,896,658 |
The board of The Energy House Holding Company approved, at its meeting on Sunday 8 November 2026, the interim condensed consolidated financial information for the period ended 30 September 2026, which showed a loss attributable to the Parent Company's shareholders of KD 1,128,178 for the first nine months of 2026, against a profit of KD 5,349 in the same period of 2025, according to the company's disclosure to Boursa Kuwait. Loss per share was 24.89 fils, against earnings of 0.12 fils.
Net loss for the period was KD 1,180,888 versus KD 11,259, while service revenue rose to KD 41,098 from KD 814. The company recorded a net loss on precious metals of KD 219,468 and a provision for a legal case of KD 425,908.
The company attributed the higher loss to a gain booked in the comparative period on its exit from the associate Kitara OFIL Limited, which amounted to KD 729,818, in addition to a provision for potential legal costs.
The provision relates to a case filed in the Dubai courts against the Oman branch of subsidiary Nordic Energy F.Z.C. over an equipment rental contract. A first-instance judgment on 5 March 2026 ordered the subsidiary to pay USD 1,798,750; the appeal court on 22 July 2026 cancelled USD 200,000 of it, and on 17 September 2026 the court amended the compensation to USD 12,500 instead of USD 230,000. The Group is filing an application for reconsideration of the judgment and has recorded a provision of USD 1,381,250, equivalent to KD 425,908.
For the third quarter of 2026, the loss attributable to shareholders was KD 67,086 against KD 147,325 in the same quarter of 2025, an improvement of 54%, with loss per share of 1.48 fils versus 3.25 fils, while operating revenue rose to KD 21,056 from KD 167.
Accumulated losses stood at KD 2,590,951 as at 30 September 2026, representing 57.15% of share capital of KD 4,533,293, compared with 32.27% at 31 December 2025 and 41.81% at 30 September 2025. The company said management is evaluating various strategies to improve operating performance, financial position and the adequacy of financial resources.
Total assets fell to KD 3,008,180 from KD 4,123,266 at 30 September 2025, and equity attributable to the Parent Company's shareholders declined to KD 2,157,859 from KD 2,896,658, while total liabilities were KD 1,072,209 versus KD 1,417,602. Cash and cash equivalents dropped to KD 438,645 from KD 2,735,003 at 31 December 2025.
During the period the company established two wholly owned subsidiaries, Elite House Consulting for Investment and Real Estate Finance and Inero for Wholesale Gold Bullion Company. Its precious metals inventories stood at KD 778,446, comprising gold bullion of KD 748,224 and silver bullion of KD 30,222.
The auditor, BDO Al Nisf & Partners, issued an unqualified conclusion, and the results carried no dividend distribution.
