Business
ZAWYA-SNG: Gulf Hotels Group achieves $26mln net profit
ZAWYA-SNG: Gulf Hotels Group achieves $26mln net profit
About this update from Gulf Hotels Group
Staff WriterBahrain - Gulf Hotels Group (GHG) yesterday announced its financial results for the fourth quarter and full year ended December 31, 2025.During the fourth quarter of 2025, the company achieved a net profit of BD3.33 million compared with BD2.98m in the fourth quarter of the previous year, an increase in profit of BD346,000 representing 11.6 per cent.Earnings per share are 15 fils compared with 13 fils. Total comprehensive income was BD4.4m compared with BD2.2m last year, an increase of BD2.3m representing 104pc.Revenue was BD10.6m compared with BD10.6m for the same period last year, with a decrease of BD43,000 representing 0.41pc.During the full year ended December 31, 2025, the company achieved a net profit of BD9.8m compared with BD8.9m, an increase of BD924,000 representing 10.4pc.The earnings per share are 43 fils compared with 39 fils. Total comprehensive income was BD10.5m compared with BD 6.8m in the previous year, an increase of BD3.7m representing 53.5pc.Revenue was BD36.9m, compared with BD36.7m, an increase of BD220,000 representing 0.6pc.The total equity (excluding minority interests) for the 12 months in 2025 was BD110.3m compared with BD105.5m for the financial year ended December 31, 2024, with an increase of BD4.7m representing 4.5pc.The total assets for the YTD reached BD117m compared with BD112.9m in 2024, an increase of BD4.1m representing 3.6pc.Gulf Hotels Group chairman Fawzi Kanoo said: “The Group delivered a robust financial performance in 2025. Despite a hospitality market characterised by modest growth and increasing supply, the Group achieved a net profit of BD9.8m, reflecting year-on-year growth of 10.4pc, while total comprehensive income reached BD10.5m, an increase of 53.5pc compared to the previous year. Achieving double-digit growth in profitability reflects disciplined operational execution, prudent cost management, and a sustained focus on efficiency and margin enhancement.”“In line with this performance, the board is pleased to recommend the declaration of a cash dividend of BD5,643,512 equivalent to 25 fils per share, representing 25pc of the share nominal value, for the financial year 2025. This proposed distribution reflects the Group’s continued commitment to delivering attractive and sustainable returns to shareholders.“With earnings per share reaching 43 fils, the recommendation underscores the strength ...