PRESSR: Makhazen reports KD 147mln EBITDA from continuing operations in Q3 2025

About this update from Agility Global Plc

Kuwait: Makhazen (the new name for Agility Public Warehousing Company KSCP), a Kuwait-based infrastructure, logistics, and industrial services company, today announced its financial results for the third quarter of 2025.This quarter marks the first full reporting period under the company’s new brand name, and following the deconsolidation of Agility Global PLC.Highlights:Stable Operating Performance of Kuwait Businesses: Makhazen’s core Kuwait-based businesses continued to perform solidly, delivering steady revenue and EBITDA.Investments in Kuwait: Makhazen continues to advance its Kuwait-centric investment strategy, targeting more than KD 100 million in investments through 2030. During 2025, the company has invested a total of KD 22 million to support and grow its operations in Kuwait, across strategic logistics and warehousing infrastructure, metal and waste recycling, customs digitization and operations, and more.Important Accounting Notes:Deconsolidation of Agility Global: Following the distribution of in-kind dividends in July 2025, Makhazen’s ownership stake in Agility Global decreased to 25%, resulting in its reclassification as an associate. The quarter’s results are presented on a deconsolidated basis and include one-off accounting impacts associated with this transition.Korek Telecom Reclassification: The company reclassified its investment in Korek Telecom from “Investment in Associate” to “Claims Receivable” to reflect the updated assessment of the asset’s recoverability. The net impact of this reclassification did not result in any gain or loss.Financial PerformanceReported Figures from continuing operations:For the quarter ending 30 September 2025, Makhazen reported net profit of KD 137.7 million. EBITDA stood at KD 146.7 million and revenue at KD 38.7 million.These numbers include a one-off accounting adjustment of KD 138.3 million as a result of the deconsolidation of Agility Global and reporting it as an associate. This one-off non-cash gain partially offset the one off loss booked in Q2, 2025 arising from the change in accounting treatment of Agility Global. This also resulted in assets decreasing from KD 4.2 billion to KD 1.1 billion and equity from KD 1 billion to KD 607.8 million.For the nine-month period, Makhazen recorded revenue of KD 112.6 million, EBITDA of KD 179 million and net profit from continuing operations of KD 155.7 mill...

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