H1: Croatia Stock Exchange: H1 2025 Profits & Listings
Kuwaiti Corporate Profits Dip in First Half of 2025, But Resilience Shines Through
Table of Contents
Key Takeaways: A Mixed Economic picture
Kuwaiti companies listed on the Kuwait Stock Exchange experienced a collective decrease in net profits for the first half of 2025, reporting approximately 1,243 billion Kuwaiti dinars (roughly $3.7 billion USD). This represents a 13.7% decline compared to the 1,440 billion dinars ($4.3 billion USD) earned during the same period in 2024, according to a recent report by Al-Shall Consulting.
The analysis,covering 135 out of 140 listed companies (excluding those with delayed or differing financial reporting),revealed a more nuanced story. While overall profits decreased, a meaningful 84 companies demonstrated improved performance compared to the first half of 2024. This improvement stemmed from 70 companies increasing their profits and another 14 either achieving profitability for the first time or reducing their losses.
Sectoral Performance: Banking Leads, Industry Lags
The performance varied considerably across different sectors. Seven out of thirteen sectors saw increased profitability compared to the first half of 2024, while six experienced declines.The banking sector emerged as the strongest performer,achieving profits of approximately 882.2 million dinars ($2.6 billion USD), a 4.3% increase from the 845.8 million dinars ($2.5 billion USD) reported in the previous year.
following closely behind, the financial services sector also showed strong growth, with profits reaching 215.4 million dinars ($657 million USD),a 23.8% increase from the 174 million dinars ($531 million USD) recorded in the first half of 2024. The telecommunications sector also demonstrated positive momentum, with profits rising from 123.4 million dinars ($376.3 million USD) to 179.9 million dinars ($548.6 million USD), a substantial 45.8% increase.
Conversely, the industrial sector experienced the most significant downturn, posting losses of approximately 207.7 million dinars ($633.4 million USD) – a dramatic shift from the 83.3 million dinars ($254 million USD) profit recorded in the first half of 2024.
| Sector | H1 2025 Profits (Million Dinars) | H1 2024 Profits (Million Dinars) | Percentage Change |
|---|---|---|---|
| Banking | 882.2 | 845.8 | +4.3% |
| Financial Services | 215.4 | 174 | +23.8% |
| Telecommunications | 179.9 | 123.4 | +45.8% |
| Industrial | -207.7 (Loss) | 83.3 | – |
Second Quarter dip: A Closer Look
The report also highlighted a significant decrease in profits during the second quarter of 2025.Companies within the analyzed sample achieved approximately 508.4 million dinars ($1.5 billion USD) in profits, a 30.8% decrease compared to the 734.4 million dinars ($2.2 billion USD) earned in the first quarter of the same year.