Bahrain Kuwait Insurance B S C : Financial Results 31st March 2025

About this update from Bahrain Kuwait Insurance Company Bsc

‌“ P- ! ! -/.ñzJI Bahrain Kuwait Insurance Company B.S.C. BAHRAIN Tuesday, 13 th May 2025 To: Boursa Kuwait Mubarak Al Kabeer Street, AlSharq P.O. Box 22235, Safat 13083, Kuwait Sub: BKIC Interim Condensed Consolidated Financial Statements - 31 st March 2025 We have pleasure in informing you that the Board of Directors of Bahrain Kuwait Insurance Company (BSC) has approved on Tuesday 13 th May 2025 the interim condensed consolidated financial statements for the 3-month period ended 31a March 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/ ewe-i. . ] inioegig.com .„,s ii „Ji | ‹s¥e yvii snna .via ] i auao u«aiil i.na ] ‹rn a,>‹aI ru•o rvyo M i I asp g¿I y Head Olfice I BMC Tower 2775 I Raad 2835 I Seef Distnct 428 | DO Box :tO166 | fñanama Mngdom of Bahran | TEL (973) J71Z9999 I Emait: in gcom.bh | C ft No 474S-l ‌Bahrain Kuwait I nsui-ance Company B.S.C. Select from the list Board of Directors Meeting Date 2025-03—31 2025—05-13 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 ‘”“ ^* Statement 2024-03-31 2025-03-3 1 (5) 1,371,691 1,306,034 Net Profit (Loss) represents the amount attributable to the owners of the parent Company (4) 9 9 it You I (z, ) Basic & Diluted Earnings per Share 4 82,824,339 85,955,067 Current Assets 8 144,787,131 156,727,974 Total Assets 21 14,100,356 17,003,406 Current Liabilities 10 109,254,2 20 120,463,636 Total Liabilities 4 33,933,920 35,182, 753 Total Equity attributable to the owners of the Parent Company (26) 10,515,242 7,734,652 Total Operating Revenue (11) 552,838 493,382 Net Operating Profit (Loss) N/A N/A N/A Accumulated Loss/ Paid-Up Share Capital (0.2) 1. 225 1.222 Exchange Rate Financial Results Form Non-Kuwaiti Company 1 ‌! First.Quartz’ ConJparati' First Quarter Current Per Change (%a) ' Period Statement 2024-03-31 2025-03-31 ¿yi sql QM (sari) 'i•/i N/A N/A N/A Net Profit (Loss) represents the amount attributable to the owners of the parent Company N/A N/A N/A Basic & Diluted Earnings per Share N/A N/A N/A Total Operating Revenue i s i ’ • i N/A N/A N/A Net Operating Profit (Loss) Not Applicable for first Quarter Ihcrease/Decre’ase In” Net Profit (Loss) is due to The decrease in the net profit for the three months ended 31st March 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, which came into effect in January 2025 for multinational companies and was not reflected last year. Total Revenue realized from dealing with related parties (value, KWDj Tatal Expenditures incurrsd from dealing with relatéd parties .(value, KW£?) Financial Results Form Non-Kuwaiti Company (219,326) (250,998) 2 ‌Statement 2024-03-31 2025-03-31 (5) 1,680,321 1,595,974 Net Profit (Loss) represents the amount attributable to the owners of the parent Company (4) 11 11 zzzstim Huh ii •, / Basic & Diluted Earnings per Share 4 101,459,815 105,037,092 Current Assets 8 177,364,235 191,521,584 Total Assets 20 17,272,936 20,778,162 Current Liabilities 10 133,836,420 147,206,563 Total Liabilities 3 41,S69,052 42,993,324 Total Equity attributable to the owners of the Parent Company (27) 12,881,171 9,451,745 Total Operating Revenue (11) 677,227 602,913 Net Operating Profit (Loss) N/A N/A N/A psi gtti l/ i,zti¿ i Accumulated Loss/ Paid-Up Share Capital Statement 2024-03-31 2025-03-31 N/A N/A N/A Net Profit (Loss) represents the amount attributable to the owners of the parent Company N/A N/A N/A Basic & Diluted Earnings per Share N/A N/A N/A Total Operating Revenue N/A N/A N/A Net Operating Profit (Loss) Not Applicable for first Quarter c. Financial Results Form Non-Kuwaiti Company ‌ 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 ‌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 Senior Manager Legal and Compliance and Secretary to the Board Ali Hasan Fardan Financial Results Form Non-Kuwaiti Company 5 ‌Review report on the interim condensed consolidated 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 31 March 2025 and the related Interim condensed consolidated statements of profit or loss, comprehensive income. changes in equity and cash flows for the three-month period then ended and explanatory notes. The Board of Directors is responsible for the preparation and presentation of this interim condensed consolidated financial information in accordance with International Accounting Standard 34, ‘Interim Financial Reporting' ("IAS 34a. Our responsibility is to express a conclusion on this interim condensed consolidated financial information based on our review. Scope of review We conducted our review in accordance with International Standard on Review Engagements 2410, "Review of interim financial information performed by the independent auditor of the entity". A review of interim financial information consists of making inquiries. primarily of persons responsible for financial and accounting matters. and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. COlJClllSlOfl Based on our review. nothing has come to our attention that causes us to believe thai 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 13 May 2025 PncewatemouseCoopers M.E Limited, Office no. 4701. Building ro. 1459. Road no 4626. Bk›ck no 3d6. P. O. Box 60771, Manama/Sea Front, Kingdom of Bahrain. Flcor 47. West Tower, Bahrain Financial Harbour. T: +973 17 118800. F! +973 17 540SS6, www pwc cc CR no. 47378

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