SNG: Agility reports Q1 2025 net profit of $39mln

About this update from Agility Global Plc

First published: 19-May-2025 11:13:58Staff WriterKUWAIT CITY - Agility, a supply chain services, infrastructure and innovation ‎company, today reported Q1 2025 net income of KD 11.6 million, equivalent to 4.65 fils ‎per share. EBITDA stood at KD 67.6 million on revenue of KD 389 million. ‎Note Q1 2025 figures are not comparable to Q1 2024 due to distribution of 49% shares in ‎Agility Global as in-kind dividends that occurred in May 2024.‎Performance updateAgility Vice Chairman Tarek Sultan said: “We are pleased to report that the year has ‎started on a positive note from an operational perspective. While market conditions ‎remained somewhat challenging, our operating entities continued to demonstrate good ‎organic growth. This performance reflects the strength of our diversified portfolio and the ‎commitment of our teams across the business.”‎Agility KSCP’s performance in the first quarter was primarily driven by Agility Global ‎PLC, which reported an EBIT of USD 92 million and revenue of USD 1,143 million in Q1 ‎‎2025. These results were supported by strong contributions from its three largest ‎businesses: Menzies, Tristar, and Agility Logistics Parks (ALP). Financial performance ‎for Agility Global in the period was impacted by higher depreciation and interest expenses ‎associated with ongoing investments to support future growth. ‎‎“Other businesses in Kuwait remain committed to executing their growth strategies while ‎actively pursuing opportunities to enhance value and returns for shareholders,” Sultan ‎said. “GCS remained focused on driving operational efficiency and growth, while MRC ‎achieved a significant milestone by securing the contract to develop and operate a Metal ‎Reclamation Facility (MRF) for KNPC and KIPIC refineries — an important addition to ‎our industrial services portfolio."‎He added: "We’re also pleased with the steady progress at ALP Kuwait’s S2/South Village ‎project, a strategic commercial and logistics hub designed to serve the growing needs of ‎Sabah Al-Ahmad City. The project is advancing as planned, with first deliveries ‎scheduled for 2025."‎Recap of Agility Q1 2025 Financial Performance ‎‎●‎ Agility’s net profit was KD 11.6 million and EPS was 4.65 fils.‎‎●‎ Agility’s EBIT stood at KD 40.6 million and EBITDA KD 67.6 million. ‎‎●‎ Agility’s revenue increased 16% to KD 389 million and net revenue increased ‎‎11%.‎‎●‎ Agilit...

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