Agility reports 294m dinars loss after major accounting adjustments
Agility Public Warehousing Company reported a sharp deterioration in its financial performance for the fiscal year ending December 31, 2025, posting significant net losses compared to profits recorded a year earlier.
According to a disclosure published by the Kuwait Stock Exchange on Tuesday, March 24, 2026, the company recorded a net loss attributable to shareholders of the parent company amounting to 294.2 million dinars.
This represents an annual increase in losses of 569.8 percent, compared to net profits of 62.62 million dinars in 2024.
The company’s financial position also reflected a substantial contraction in its asset base, with total assets declining by 74.4 percent to 1.076 billion dinars by the end of 2025, down from 4.197 billion dinars at the end of the previous year.
Total equity attributable to shareholders of the parent company fell by 43.9 percent, reaching 569.85 million dinars compared to 1.01 billion dinars in 2024, indicating a significant impact on shareholder value, reports Al-Anba daily.
In its disclosure, the company attributed the losses primarily to the accounting impact of distributing shares in Agility Global to shareholders, which resulted in a loss of control and the remeasurement of the remaining stake.
The financial results were further affected by non-recurring expenses totaling 214 million dinars, mainly linked to a decline in the value of investments in Korek as well as certain investment properties.
Despite the scale of the losses, the company indicated that these factors are largely exceptional and accounting-related, rather than stemming from core operational performance.
