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Bahrain Kuwait Insurance B S C : Financial Results 30th June 2025
Bahrain Kuwait Insurance B S C : Financial Results 30th June

About this update from Bahrain Kuwait Insurance Company Bsc
.w.p. LIEU ¿usual âj1j I I Bahrain Kuwait Insurance Company B.S.C. BAHRAIN Tuesday, 12 th 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 2025 We have pleasure in informing you that the Board of Directors of Bahrain Kuwait Insurance Company (BSC) has approved on Tuesday 12 th August 2025 the interim condensed consolidated financial statements for the 6-month period ended 30 th 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/ HcadOf#cel. CTovwr2775| 283"Vu'Us 4281PDBox ñlMana- kn:ono ,r: f9731"il9990lEwiin.ñmzc. t 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. 2 29 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 3 736,751 755,2 17 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 30 th 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
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