Financial Statements for the 2nd QTR of 2026

Al Mazaya Holding reported a net loss attributable to shareholders of KWD 988,225 for the six-month period ended June 30, 2026, a sharp reversal from the KWD 1.06 million profit recorded in the same period of 2025. This resulted in a basic and diluted loss per share of 1.96 fils, compared to earnings per share of 2.14 fils in the prior-year period.
Total revenue for the first half of 2026 declined by 7.8% to KWD 5.58 million, down from KWD 6.05 million in H1 2025. The downturn was primarily driven by a reduction in rental income, which fell to KWD 5.38 million from KWD 5.79 million, and a decrease in revenue from the sale of properties held for trading.
The transition to a net loss was heavily influenced by a substantial spike in "net other expenses," which surged to KWD 2.36 million compared to just KWD 176,931 in H1 2025. This increase offset positive operational developments, including a 22.8% reduction in finance costs (down to KWD 1.16 million) and a decrease in general and administrative expenses.
Cash flow from investing activities remained a highlight, generating KWD 3.24 million primarily through the sale of investment properties, which yielded net proceeds of KWD