Tuesday, 02 January 2024 12:17 GMT

Boursa Kuwait Net Profit Climbs 59.81 Pct To KD 23.05 Mln


(MENAFN- Kuwait News Agency (KUNA)) KUWAIT, Nov 1 (KUNA) -- Boursa Kuwait announced that it has achieved strong consolidated financial results for the period ending on September 30, 2025 with a net profit of KD 23.05 million for the first nine months of the year, marking a notable increase of 59.81 percent.
This is compared to the KD 14.43 million reported for the same period in 2024, said a press release by the company on Saturday.
Boursa Kuwait's results reflect the strength of the Group's operational performance, as the company recorded substantial growth across its key performance indicators including operating revenues, which reached KD 37.06 million representing an increase of 41.45 percent compared to KD 26.20 million recorded during the same period in 2024.
Operating profit grew by 58.16 percent, reaching KD 28.36 million compared to KD 17.93 million in the corresponding period of 2024.
Earnings per share witnessed a significant jump, rising from 71.85 fils in the first nine months of 2024 to 114.82 fils per share for the period ended September 30, 2025 -- mirroring the 59.81 percent growth in net profit.
Commenting on Boursa Kuwait's financial results for the third quarter of 2025, Chairman Bader Al-Kharafi said, "Our financial results for the first nine months of 2025 reflect the company's solid performance and the effectiveness of its operating model. Boursa Kuwait achieved remarkable growth in net profit, driven by higher revenues and operating income, a strong performance that comes despite the ongoing geopolitical and economic tensions that continue to weigh on capital markets across the globe."
Al-Kharafi said that these indicators reinforce Boursa Kuwait's capacity to deliver sustainable value to its shareholders in line with its ambitious strategy to enhance its role as a key driver of the growth and development of Kuwait's capital market, adding that the rise in earnings per share highlights Boursa Kuwait's dedication to its shareholders and its role in boosting confidence in the local market.
"Boursa Kuwait continues to play a pivotal role in the transformation of Kuwait's capital market and the development of an integrated financial ecosystem," emphasized Al-Kharafi.
"By continuously advancing market infrastructure, enhancing efficiency and transparency, and aligning with international best practices, the company aims to foster an attractive investment environment that reinforces Kuwait's position as a leading regional financial hub and supports sustainable growth in line with the nation's development goals."
He added that the company's efforts highlight the vital role of the private sector as a strategic partner in driving innovation and market depth through close collaboration with regulatory authorities, enhancing competitiveness and supporting the inflow of global capital.
"The positive momentum and exceptional results of the Kuwaiti capital market for the period ended September 30, 2025, are a direct reflection of the tangible impact of the operational and regulatory reforms implemented by Boursa Kuwait and the broader market apparatus," said Boursa Kuwait CEO Mohammad Saud Al-Osaimi.
"The performance reaffirms the strength of the company's regulatory and operational frameworks and demonstrates the success of Boursa Kuwait and the market apparatus in developing the underlying infrastructure to enhance trading efficiency and improve the overall investor experience."
"The launch of MD 3.2 represents a pivotal development in strengthening the depth and resilience of Kuwait's capital market. The market apparatus has successfully established advanced frameworks that ensure full readiness to introduce a comprehensive suite of new products and instruments, further enhancing the market's infrastructure and creating an efficient investment environment. This achievement also stands as a model for advancing the country's development objectives," said Al-Osaimi
The establishment of Boursa Kuwait in 2014 marked the first step in the privatization project of the Kuwait Stock Exchange, which was founded in 1977 as the first exchange in the Gulf Cooperation Council region and was reorganized in 1983 as an independent financial institution. (end)
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Kuwait News Agency (KUNA)

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