Business
SNG: Gulf Hotels Group posts $17.24mln net profit
SNG: Gulf Hotels Group posts $17.24mln net profit
About this update from Gulf Hotels Group
First published: 13-Nov-2025 12:33:54Staff WriterBahrain - Gulf Hotels Group (GHG) yesterday announced its financial results for the third quarter and first nine months of the year ended September 30, 2025.The company has achieved the following, during the third quarter of 2025:Net profit of BD1.23 million compared to a net profit of BD1.08m in the third quarter of the previous year, with an increase in profit of BD0.2m representing 15 per cent.Earnings per share is 5 fils similar to 5 fils in the third quarter of last year.Total comprehensive income of BD0.9m compared to BD0.14m for the third quarter of the previous year, with an increase of BD0.8m.Revenue for the third quarter was BD7.7m, compared to BD7.8m for the same period last year, with a decrease of BD0.1m representing 0.7pc.The company has achieved the following, during the nine months of 2025:Net profit of BD6.5m compared to a net profit of BD5.9m in the nine months of the previous year, with an increase of BD0.58m representing 10pc.The earnings per share are 29 fils compared to 26 fils in the nine months of last year.Total comprehensive income of BD 6.04m compared to BD4.65m for the nine months of the previous year, with an increase of BD1.4m representing 30pc.Revenue of BD26.4m, compared to BD26.1m for the same period last year, with an increase of BD0.3m representing 1pc.The total equity (excluding minority interests) for the period of nine months ended September 30, 2025, was BD105.8m compared to BD105.5m for the financial year ended December 31, 2024, with an increase of BD0.3m representing 0.3pc.The total assets for the YTD reached BD112m compared to BD113m for the financial year ended December 31, 2024, with a decrease of BD1m representing 1pc.Chairman of Gulf Hotels Group, Fawzi Kanoo, stated: “The third quarter of 2025 financial results reflect the continued strength and resilience of our diversified portfolio. The group delivered a net profit of BD6.5m, representing a 10pc increase compared to the same period last year, despite the traditionally slower summer season; a reflection of the joint commitment of the executive management and employees to optimise the group’s portfolio and uphold operational excellence. We continue to pursue our strategic objectives by driving organic growth across our diverse business portfolio and expanding our footprint in Bahrain and Saudi Arabia. Looking...