Innoufst announces the financial results for the first half of 2025

Infst announced its financial results for the second quarter and the first half of the year 2025, as a net of unified income showed the shareholders of the parent company of 200 thousand dollars, compared to a net loss due to the shareholders of the parent company of $ 1.785 million for the same quarter of 2024.

Accordingly, the basic and reduced return of one share for the second quarter of 2025 increased to 0.07 cents, compared to a loss of 0.59 cents for the same period in 2024. The registration of losses in the same period last year is mainly attributed to the negative performance of the contracting sector, which negatively affected the total results of the group at the time.

The net operational income reached 45,000 USD in the second quarter of this year, compared to a net loss of $ 1.726 million in the second quarter of 2024. The unified operating income increased by 1013% to $ 1.503 million, compared to 135 thousand US dollars. While the group’s operating expenses decreased by 22%, to $ 1.458 million in the second quarter of 2025, compared to $ 1.861 million in the same period in 2024.

The financial results of the company Infst for the first half of 2025 show a net unified loss due to the shareholders of the parent company of $ 1.064 million, compared to a net loss due to the shareholders of the parent company of $ 1.669 million for the same period last year. The basic and reduced loss for the same share of the parent company in the first six months of 2025 amounted to 0.35 American cents compared to a loss per share of 0.55 American cents in 2024. The registration of losses in the first half of 2025 is mainly attributed to the continued losses recorded in the contracting sector during the first quarter of the year and the decline in those losses during the second quarter, While the losses recorded in the first half of 2024 came as a result of operational and financial challenges faced by the sector during the entire period, which led to the reducing the gap in the net losses between the two periods. The unified operational loss increased to a loss of $ 1.486 million compared to a loss of $ 1.361 million for the same period in 2024 due to the above reasons. The unified operating income for the first six months of 2025 decreased by 22% to 2.155 million US dollars, compared to 2.772 million US dollars for the same period last year.

Regarding the main indicators of the group’s public budget, the total property rights belonging to the shareholders of the parent company reached 135.035 million US dollars at the end of the first half of this year, compared to 136.099 million US dollars by the end of 2024, a decrease of 1%. During the same period, the total unified assets recorded a slight decrease of 3% to 220.518 million US dollars compared to 227.427 million US dollars by the end of 2024. As for liquidity, the percentage of cash and bank balances reached 5% of the total unified assets, compared to 5% last year. To achieve this, the total cash and bank balances amounted to $ 10.775 million, compared to $ 10.65 million at the end of 2024, an increase of 1%.

To mention, the press news and full financial data are available on the website of the Bahrain Stock Exchange and the Kuwait Stock Exchange because Innovest is a company listed under the trading code “Inovest $” for the Bahrain Stock Exchange and “Inovest/817”.