Reported Earnings • May 19
First quarter 2026 earnings released: د.ك0.088 loss per share (vs د.ك0.002 profit in 1Q 2025) First quarter 2026 results: د.ك0.088 loss per share (down from د.ك0.002 profit in 1Q 2025). Revenue: د.ك35.9m (down 4.9% from 1Q 2025). Net loss: د.ك225.4m (down د.ك229.2m from profit in 1Q 2025). New Risk • May 19
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Share price has been highly volatile over the past 3 months (8.9% average weekly change). Announcement • May 11
Makhazen to Report Q1, 2026 Results on May 14, 2026 Makhazen announced that they will report Q1, 2026 results on May 14, 2026 Announcement • Apr 22
Agility Public Warehousing Company K.S.C.P., Annual General Meeting, May 10, 2026 Agility Public Warehousing Company K.S.C.P., Annual General Meeting, May 10, 2026, at 11:00 Arab Standard Time. Location: kuwait city Kuwait Reported Earnings • Mar 25
Full year 2025 earnings released: EPS: د.ك0.019 (vs د.ك0.025 in FY 2024) Full year 2025 results: EPS: د.ك0.019 (down from د.ك0.025 in FY 2024). Revenue: د.ك151.5m (down 90% from FY 2024). Net income: د.ك49.3m (down 21% from FY 2024). Profit margin: 33% (up from 4.1% in FY 2024). Announcement • Mar 23
Agility Public Warehousing Company K.S.C.P.(KWSE:MKHZN) dropped from FTSE All-World Index (USD) Agility Public Warehousing Company K.S.C.P.(KWSE:MKHZN) dropped from FTSE All-World Index (USD) Announcement • Mar 11
Agility Public Warehousing Company K.S.C.P. to Report Fiscal Year 2025 Results on Mar 18, 2026 Agility Public Warehousing Company K.S.C.P. announced that they will report fiscal year 2025 results at 12:00 PM, BT-Baghdad on Mar 18, 2026 New Risk • Jan 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.0% average weekly change). Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: د.ك0.054 (vs د.ك0.004 in 3Q 2024) Third quarter 2025 results: EPS: د.ك0.054 (up from د.ك0.004 in 3Q 2024). Revenue: د.ك38.7m (down 91% from 3Q 2024). Net income: د.ك137.7m (up د.ك127.6m from 3Q 2024). Announcement • Nov 10
Agility Public Warehousing Company K.S.C.P. to Report Q3, 2025 Results on Nov 13, 2025 Agility Public Warehousing Company K.S.C.P. announced that they will report Q3, 2025 results at 12:40 PM, BT-Baghdad on Nov 13, 2025 Reported Earnings • Aug 20
Second quarter 2025 earnings released: EPS: د.ك0.11 (vs د.ك0.002 in 2Q 2024) Second quarter 2025 results: EPS: د.ك0.11 (up from د.ك0.002 in 2Q 2024). Revenue: د.ك36.1m (down 90% from 2Q 2024). Net income: د.ك279.6m (up د.ك273.6m from 2Q 2024). Announcement • Aug 12
Agility Public Warehousing Company K.S.C.P. to Report First Half, 2025 Results on Aug 14, 2025 Agility Public Warehousing Company K.S.C.P. announced that they will report first half, 2025 results on Aug 14, 2025 New Risk • Jul 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Emirian stocks, typically moving 8.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Share price has been highly volatile over the past 3 months (8.8% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.5% net profit margin). Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to د.إ2.42, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 16x in the Logistics industry in Asia. Total loss to shareholders of 30% over the past year. Upcoming Dividend • Jun 16
Upcoming dividend of د.ك0.01 per share Eligible shareholders must have bought the stock before 23 June 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Emirian dividend payers (6.6%). Higher than average of industry peers (2.7%). Announcement • May 12
Agility Public Warehousing Company K.S.C.P. to Report Q1, 2025 Results on May 15, 2025 Agility Public Warehousing Company K.S.C.P. announced that they will report Q1, 2025 results on May 15, 2025 Declared Dividend • May 07
Final dividend of د.ك0.01 announced Shareholders will receive a dividend of د.ك0.01. Ex-date: 23rd June 2025 Payment date: 30th June 2025 Dividend yield will be 0.3%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 56% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.5% EPS decline seen over the last 5 years. Announcement • May 06
Agility Public Warehousing Company K.S.C.P., Annual General Meeting, May 22, 2025 Agility Public Warehousing Company K.S.C.P., Annual General Meeting, May 22, 2025, at 11:00 Arab Standard Time. Location: kuwait city Kuwait New Risk • Apr 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 74% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.1% net profit margin). Reported Earnings • Apr 02
Full year 2024 earnings released: EPS: د.ك0.025 (vs د.ك0.033 in FY 2023) Full year 2024 results: EPS: د.ك0.025 (down from د.ك0.033 in FY 2023). Revenue: د.ك1.53b (up 13% from FY 2023). Net income: د.ك62.6m (down 25% from FY 2023). Profit margin: 4.1% (down from 6.2% in FY 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to د.إ3.15, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 16x in the Logistics industry in Asia. Total loss to shareholders of 63% over the past three years. New Risk • Dec 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Emirian stocks, typically moving 8.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.3x net interest cover). Share price has been highly volatile over the past 3 months (8.9% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.1% net profit margin). Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: د.ك0.004 (vs د.ك0.011 in 3Q 2023) Third quarter 2024 results: EPS: د.ك0.004 (down from د.ك0.011 in 3Q 2023). Revenue: د.ك411.0m (up 14% from 3Q 2023). Net income: د.ك10.1m (down 64% from 3Q 2023). Profit margin: 2.5% (down from 7.8% in 3Q 2023). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Logistics industry in Asia. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to د.إ3.33, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Logistics industry in Asia. Total loss to shareholders of 54% over the past three years. Announcement • Nov 06
Agility Public Warehousing Company K.S.C.P. to Report Nine Months, 2024 Results on Nov 12, 2024 Agility Public Warehousing Company K.S.C.P. announced that they will report nine months, 2024 results on Nov 12, 2024 Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: د.ك0.002 (vs د.ك0.006 in 2Q 2023) Second quarter 2024 results: EPS: د.ك0.002 (down from د.ك0.006 in 2Q 2023). Revenue: د.ك375.4m (up 14% from 2Q 2023). Net income: د.ك6.01m (down 58% from 2Q 2023). Profit margin: 1.6% (down from 4.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Logistics industry in Asia. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to د.إ3.08, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Logistics industry in Asia. Total loss to shareholders of 48% over the past three years. Announcement • Aug 05
Agility Public Warehousing Company K.S.C.P. to Report First Half, 2024 Results on Aug 14, 2024 Agility Public Warehousing Company K.S.C.P. announced that they will report first half, 2024 results on Aug 14, 2024 Upcoming Dividend • Jun 04
Upcoming dividend of د.ك0.01 per share Eligible shareholders must have bought the stock before 11 June 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Emirian dividend payers (7.0%). Higher than average of industry peers (2.4%). Valuation Update With 7 Day Price Move • May 30
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to د.إ5.11, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Logistics industry in Asia. Reported Earnings • May 17
First quarter 2024 earnings released: EPS: د.ك0.007 (vs د.ك0.006 in 1Q 2023) First quarter 2024 results: EPS: د.ك0.007 (up from د.ك0.006 in 1Q 2023). Revenue: د.ك336.3m (up 4.9% from 1Q 2023). Net income: د.ك18.7m (up 22% from 1Q 2023). Profit margin: 5.6% (up from 4.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Logistics industry in Asia. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorates as stock falls 32% After last week's 32% share price decline to د.إ8.15, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Logistics industry in Asia. Announcement • May 14
Agility Public Warehousing Company K.S.C.P. to Report Q1, 2024 Results on May 15, 2024 Agility Public Warehousing Company K.S.C.P. announced that they will report Q1, 2024 results on May 15, 2024 Announcement • May 07
Agility Public Warehousing Company K.S.C.P., Annual General Meeting, May 28, 2024 Agility Public Warehousing Company K.S.C.P., Annual General Meeting, May 28, 2024, at 08:00 Coordinated Universal Time. Agenda: To approve the independent Auditor's Report for the fiscal year ended on December 31, 2023; to approve the Financial Statements and the Profits and losses account for the fiscal year ended on December 31, 2023; and to consider other matters if any. New Risk • Apr 15
New major risk - Revenue and earnings growth Earnings have declined by 5.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 5.4% per year over the past 5 years. Minor Risk High level of debt (46% net debt to equity). Board Change • Apr 15
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. 1 independent director (5 non-independent directors). Independent Director Naser Mohammad Al-Rashed was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Mar 29
Agility Public Warehousing Company K.S.C.P. to Report Fiscal Year 2023 Results on Mar 30, 2024 Agility Public Warehousing Company K.S.C.P. announced that they will report fiscal year 2023 results at 12:00 PM, BT-Baghdad on Mar 30, 2024 Announcement • Nov 11
Agility Public Warehousing Company K.S.C.P. to Report Q3, 2023 Results on Nov 14, 2023 Agility Public Warehousing Company K.S.C.P. announced that they will report Q3, 2023 results on Nov 14, 2023 Board Change • Oct 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. 1 independent director (5 non-independent directors). Independent Director Naser Mohammad Al-Rashed was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Sep 18
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. 1 independent director (5 non-independent directors). Independent Director Naser Mohammad Al-Rashed was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Aug 29
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. 1 independent director (5 non-independent directors). Independent Director Naser Mohammad Al-Rashed was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Aug 09
Agility Public Warehousing Company K.S.C.P. to Report Q2, 2023 Results on Aug 13, 2023 Agility Public Warehousing Company K.S.C.P. announced that they will report Q2, 2023 results on Aug 13, 2023 New Risk • Jul 29
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Shares are highly illiquid. Board Change • Jul 28
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. 1 independent director (5 non-independent directors). Independent Director Naser Mohammad Al-Rashed was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • May 17
Agility Public Warehousing Company K.S.C.P., Annual General Meeting, May 16, 2022 Agility Public Warehousing Company K.S.C.P., Annual General Meeting, May 16, 2022. Agenda: To consider the distribution of 20% cash dividends (20 fils per share) and 20% bonus shares (20 shares for every 100 share); to consider the reappointing Mr. Waleed Al Osaimi from Ernst and Young Al Aiban, Al Osaimi Partners and Mr. Nayef Al Bazie from RSM Albazie and Co. Financial Auditors for the year ending December 31, 2022; and to consider the electing board members for the next term. Reported Earnings • May 17
First quarter 2022 earnings released: EPS: د.ك0.006 (vs د.ك0.001 in 1Q 2021) First quarter 2022 results: EPS: د.ك0.006 (up from د.ك0.001 in 1Q 2021). Revenue: د.ك132.1m (up 22% from 1Q 2021). Net income: د.ك12.8m (up د.ك11.7m from 1Q 2021). Profit margin: 9.7% (up from 1.0% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 1.6%, compared to a 16% growth forecast for the industry in United Arab Emirates. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings. Board Change • May 10
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. 1 independent director (6 non-independent directors). Independent Director Naser Mohammad Al-Rashed was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jan 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Director Naser Mohammed Al-Rashed was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 23
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Director Naser Mohammed Al-Rashed was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 25
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Director Naser Mohammed Al-Rashed was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 30
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Director Naser Mohammed Al-Rashed was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 24
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Director Naser Mohammed Al-Rashed was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 28
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Director Naser Mohammed Al-Rashed was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.