.w.p. LIEU ¿usual âj1j I I Bahrain Kuwait Insurance Company B.S.C.
BAHRAIN
Tuesday, 12th August 2025
To: Boursa Kuwait
Mubarak Al Kabeer Street, AlSharq
P.O. Box 22235, Safat 13083,
Kuwait
Sub: BKIC Interim Condensed Consolidated Financial Statements - 30" June 2025We have pleasure in informing you that the Board of Directors of Bahrain Kuwait Insurance Company (BSC) has approved on Tuesday 12thAugust 2025 the interim condensed consolidated financial statements for the 6-month period ended 30th June 2025.
The financial information forms along with the approved auditor's report are attached herewith for your kind reference and records.
Thanks and best regards,
Yours sincerely
Ali Hasan Fardan
Senior Manager - Legal and Compliance and Secretary to the Board
Enclosures/
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Financial Results Porifi
Non-ftud/âiti"Coaipañy (KWD)'
Company Name
Bahrain Kuwait Insut-ance Company B.S.C. Select from the list
Board of Directors Meeting Date
202S-06-30
2025-08-12
Required Documents Approved financial statements. Approved auditor's report
This form shall not be deemed to be complete unless the
documents mentioned above are provided
{'!.,):
rlot|',
Change ('%) "
Statement
2024-06-30 | 2025-06-30 | |
(9) | 2,390,530 | 2,177,730 |
(9) | 16 | 15 |
(7) | 85,215,076 | 79,668,749 |
2 | 148,095,981 | 151,380,353 |
53 | 10,299,010 | 15,745, 172 |
2 | 112,068,097 | 114,660,871 |
4 | 34,421,062 | 35,648,241 |
5 | 13,519,605 | 14,254,618 |
(3) | 1,287,790 | 1,244,197 |
N/A | N/A | N/A |
0.3 | 1.229 | 1.233 |
Net Profit (Loss) represents the amount attributable to the owners of the parent Company
Basic & Diluted Earnings per Share Current Assets
Total Assets Current Liabilities Total Liabilities
Total Equity attributable to the owners of the Parent Company
Total Operating Revenue Net Operating Profit (Loss)
Accumulated Loss / Paid-Up Share Capital
Exchange Rate
1
Financial Results Form Non-Kuwaiti Company
L
Statement
(14) | 1,023,304 | 883,347 |
(14) | 7 | 6 |
117 | 3,038,588 | 6,588,970 |
3 | 736,751 | 755,217 |
Net Profit (Loss) represents the amount attributable to the owners of the parent Company
Basic & Diluted Earnings per Share Total Operating Revenue
Not Applicable for first Quarter
Increase/Decre;as,e.in,Ne.t P:rofit (Loss),.is due I.o ")
The decrease in the net profit for the six months ended 30th June 2025 compared to the same period last year is due to the first-time implementation of the 15% Domestic Minimum Top-up Tax in Bahrain and Kuwait, which came into effect in January 2025 for multinational companies and was not reflected last year.
Net Operating Profit (Loss)
J/yi yJi • •
(565,539)
(1,094,071)
Financial Results Form
Non-Kuwaiti Company 2
Statement
2024-06-30
2025-0G-30
(9)
2,937,961
2,685,141
Net Profit (Loss) represents the amount attributable to the owners of the parent Company
(9)
20
18
Basic & Diluted Earnings per Share
(6)
104,729,328
98,231,567
Current Assets
3
182,009,960
186,651,975
Total Assets
53
12,657,483
19,413,797
Current Liabilities
3
137,731,692
141,376,854
Total Liabilities
4
42,303,486
43,954,281
Total Equity attributable to the owners of the Parent Company
6
16,615,595
17,575,944
Total Operating Revenue
(3)
1,582,694
1,534,095
Net Operating Profit (Loss)
N/A
N/A
N/A
Accumulated Loss / Paid-Up Share Capital
(13)
1,257,640
1,089,167
(13)
8
7
1 18
3,734,424
8,124,200
3
905,467
931,182
Not Applicable for first Quarter
Statement
Net Profit (Loss) represents the amount attributable to the owners of the parent Company
Basic & Diluted Earnings per Share Total Operating Revenue
Net Operating Profit (Loss)
3
Financial Results Form Non-Kuwaiti Company
Adverse Opinion
4.
Disclaimer of Opinion
3.
Qualified Opinion
2.
Unqualified Opinion
1.
In the event of selecting item No. 2, 3 or 4,
the following table must be filled out, and this form is not considered complete unless it is filled.
NIL
NIL
NIL
NIL
Financial Results Form
Non-Kuwaiti Company 4
Corporaté Actioh's
NIL | NIL | Cash Dividends | ||
NIL | NIL | Bonus Share | ||
NIL | NIL | Other Dividend | ||
NIL | NIL | No Dividends | ||
NIL | NIL | Issue Premium | NIL | Capital Increase |
NIL | NIL | Capital Decrease |
"
Signatcire
Namé
Financial Results Form Non-Kuwaiti Company
Senior Manager
^ Legal and Compliance
and Secretary to the Board
5
Ali Hasan Fardan
Report on review of interim condensed consolldated financial
Information
To the Board of Directors of Bahrain Kuwait Insurance Company B.S.C.
Introduction
We have reviewed the accompanying interim condensed consolidated statement of financial position of Bahrain Kuwait Insurance Company B.S.C. (the "Company'} and its subsidiary (the "Group") as at 30 June 2025 and the related interim condensed consolidated statements of profit or loss and comprehensive income for the three month and six month periods then ended, and the related interim condensed consolidated statements of changes In equity and cash flows for the six month period then ended and explanatory notes. The Board of Directors is responsible for the preparation and presentation of this interim condensed consolidated financial informetion in accordance with International Accounting Standard 34, 'Interim Financial Reporting' KIAS 34"). Our responsibility is to express a conclusion on this interim condensed consolidated financial information based on our review.
ScOg6 Of I VI6W
We conducted our review in accordance with International Standard on Review Engagements 2410, "Review of interim financial infomation performed by the independent auditor of the entity". A review of interim financial information consists of making inquiries, primarily of parsons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than sn audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance ihat we would become aware of all significant matters thai might be identified in an audi!. Accordingly, we do not express an audit opinion.
Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim condensed consolidated financial information is not prepared, in all material respects, in accordance with IAS 34.
John Molloy PricewaterhouseCoopers M.E Limited Partner's registration number: 255 Manama, Kingdom of Bahrain
12 August 2025
PncewaterhouseCoopers M E Limited
Of9ce no 4701. Building no. 1459 Road no Phys. six no a+s P O Box 6077t. Manama/Sea Frrxst. Kingdom of Bahrain
T +973 17 118800. F *973 17 540556. CR no 47378