Agility Reports $118.19 Million Revenue In Q2 2025

Following a repositioning of the company’s strategy, Kuwait-based Agility Public Warehousing Company, a supply chain services, infrastructure and innovation company has reported a net profit of $28.48 million in Q2 2025.

It may be recalled that on 17 June 2025, Agility KSCP’s Board of Directors approved a new strategic direction aligned with Kuwait Vision 2035, aiming to accelerate national infrastructure development and reaffirm the company’s original mission set in 1979 to develop critical warehousing and logistics in Kuwait.

To execute on this strategic direction, the company said that it will position its capital, operations, and leadership to support Kuwait’s economic priorities, with planned investments exceeding $327.40 million through 2030 in high-priority sectors.

In a regulatory disclosure with Abu Dhabi Securities Exchange (ADX), the company also announced that it was taking several structural steps as part of this strategy, including national alignment, fostering Kuwaiti talent, and rebranding.

The Board of Directors, based on the authorisation given at the company’s ordinary general meeting held on 22 May 2025, approved the distribution of in-kind dividends representing 20.09% of the shares held by Agility.

Results from Continuing Operations

Following the announcement of this in-kind dividend distribution, Q2 2025 is the first quarter that Agility KSCP is reporting its results from continuing operations, and accounting for the one-off, non-cash impact of the remeasurement of Agility Global in Agility KSCP.

The net income in Q2 2025 from continuing operations stood at ands at $28.48 million, up 196% from the same period last year. The company posted a revenue of $118.19 million, and EBITDA was $53.04 million, up 36% y-o-y, Agility said.

For the six months ending 30 June 30, 2025, net income from continuing operations stands at $58.93 million, and its revenue was $241.95 million, and EBITDA was $105.42 million up 5.3% y-o-y.

One off, non-cash loss from discontinued operations in accordance with accounting standard IFRS 5, in Q2, Agility Global PLC was classified as “held for distribution to shareholders.”

As a result, the company recognised a non-cash loss of $955.99 million attributable to shareholders. This loss reflects the initial measurement of Agility Global, representing the difference between its book value and its market value as of 30 June 2025.

Including this one-off loss from discontinued operations, the reported consolidated net result for Q2 2025 was a loss of $923.25 million. This loss is an accounting adjustment as a result of the distribution of in-kind dividends as mentioned above and does not reflect the economic value of Agility Global, which continues to perform strongly.

Agility KSCP Vice Chairman Tarek Sultan said that operating performance in the second quarter remained stable, and net income from continuing operations improved y-o-y.

“While the reported consolidated loss reflects a one-time, non-cash accounting adjustment under IFRS-5, it does not impact the fundamentals of the business. Our focus remains on positioning Agility KSCP for sustainable growth, with a particular emphasis on Kuwait-centric opportunities,” he added.

Investments

As of 30 June 2025, Agility still owned 51% shares in Agility Global, however post the distribution which happened in July, Agility will own 25% of Agility Global and will be deconsolidated and accounted for as an associate in Agility Books starting in Q3 2025. However, for the second quarter, Agility Global was reported as per IFRS 5 as mentioned above.

In Q2 2025, Agility Global reported healthy profitability growth with stable margins, driven mainly by Menzies and Agility Logistics Parks. Tristar delivered steady top-line growth and operational ramp-up; but certain challenges in its maritime segment limited its EBIT expansion.