Financial Statements
Consolidated Statement of Profit or Loss
for the year ended 31 December 2025
| 2025 | 2024 (Restated) | ||
|---|---|---|---|
| Note | KD ’000 | KD ’000 | |
Continuing operations |
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| Revenue | 20.1 | 2,282,991 | 1,997,953 |
| Cost of sales* | 21.1 | (798,240) | (651,282) |
| Operating and administrative expenses | 21.2 | (660,923) | (593,752) |
| Expected credit loss on financial assets (ECL) | (43,942) | (50,445) | |
| Depreciation, amortization and impairment | 11, 12, 13, 2.1 | (353,880) | (403,972) |
| Interest income | 8,868 | 8,174 | |
| Investment income | 22 | 30,148 | 8,319 |
| Share of results of associates and joint venture | 10 | 30,349 | 2,740 |
| Other expenses | 29 | (46,951) | (957) |
| Gain on sale and lease back transaction | – | 1,727 | |
| Gain on business combination | 9.2 | 4,978 | 23,457 |
| Finance costs | 23 | (125,957) | (126,037) |
| Foreign exchange (loss) / gain | (5,136) | 16,391 | |
| Net monetary gain / (loss) | 34 | 4,412 | (51,489) |
Profit before taxation and Board of Directors’ remuneration |
326,717 | 180,827 | |
| Taxation | 24 | (42,551) | (20,459) |
| Board of Directors’ remuneration | (653) | (541) | |
Profit for the year from continuing operations |
283,513 | 159,827 | |
Discontinued operations |
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| Profit for the year from discontinued operations | 9.2 | – | 713 |
Profit for the year |
283,513 | 160,540 | |
Profit attributable to: |
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| Owners of the Company | 238,526 | 117,270 | |
| Non-controlling interests | 44,987 | 43,270 | |
| 283,513 | 160,540 | ||
Earnings per share (EPS) |
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| Basic and diluted – Fils | 25 | ||
| Non-controlling interests | 55 | 27 | |
| From discontinued operations | – | 0.16 |