Latest news with #MezzanHolding
Zawya
3 days ago
- Business
- Zawya
Mezzan Holding reports H1 2025 financial results
Kuwait – Mezzan Holding Co. KSCP, one of the largest manufacturers and distributors of food, beverage, FMCG, and healthcare products in the Gulf region, today announced its financial results for the second quarter and first half ended 30 June 2025. H1 2025 Financial Highlights: Revenue: KD 159.0 million, up by 4.5%. Operating Profit: KD 14.6, up by 15.9%. EBITDA: KD 19.0 million, up by 11.9%. Net Profit Before Tax: KD 11.5 million, up by 20.9%. Net Profit After Tax: KD 10.5 million, up by 16% Net Profit to Parent Company Shareholders: KD 9.9 million, up by 17.1%. Vice Chairman of Mezzan Holding, Mr. Mohammad Jassim Al-Wazzan, commented: 'Our strong first-half performance reflects Mezzan Holding's continued execution strength of its long-term strategy on driving efficiency, expanding market share, and creating long-term value for shareholders.' Mr. Amr Farghal, CEO of Food & FMCG at Mezzan Holding, said: 'Mezzan Holding delivered a stronger first half, with net profit up 16% on margin enhancement and disciplined cost management across the group. Revenue rose 4.5% on solid execution in key markets. We remain focused on sustaining this positive momentum into the second half of 2025' H1 2025 Financial Performance Review: Food Business Line: Total Revenue for the Food Business Line reached KD 100.7 million, an increase of 3.2% compared with H1 2024. The Food Business Line accounted for 63.3% of Group Revenue. The Business Line comprises the following three divisions: Manufacturing and Distribution (generating 53.7% of Group Revenue), Catering (generating 4.6% of Group Revenue), and Services (generating 5.1% of Group Revenue). Manufacturing and Distribution: revenue increased by 6.3%. Catering: revenue decreased by 18.3%. Services: revenue decreased by 3.3%. Non-Food Business Line: Revenue reached KD 58.3 million, an increase of 6.8% compared with H1 2024. The Non-Food Business Line accounted for 36.7% of Group Revenue. The Business Lines comprises the following divisions: FMCG and Pharmaceuticals business division (generating 35% of Group Revenue) and Industrials (generating 1.7% of Group Revenue). FMCG and Pharmaceuticals: revenue increased by 7.7%. Industrials: revenue decreased by 9.4%. Regional Business Highlights in H1 2025: In Kuwait: revenue increased by 6.5%, In UAE: revenue increased by 5.2%, In Qatar: revenue decreased by 24.8% In KSA: revenue decreased by 4.6% In Jordan: revenue increased by 9.3% About Mezzan Holding: Operates in six countries through 34 subsidiaries with more than 8,800 employees. Distributes over 34,000 Stock Keeping Units (SKU), making it one of the largest operators in terms of SKUs, unit sales, market share, and in terms of share of revenues of total consumer spending in consumer categories served by the company Active in various segments of the consumer staple industry supported by long-standing relationships with Johnson & Johnson, Kimberly-Clark, Reckitt Benckiser, General Mills, Arla Foods, Sara Lee, and many other leading brands and manufacturers Serves over 110,000 meals a day in Kuwait and Qatar through its catering business Has a total of 190,000 square meters in food, beverage, and FMCG manufacturing facilities in Kuwait, Qatar and UAE Leverages long-standing relationships with private and cooperative supermarkets Vertically integrated into complementary business operations, including packaging, catering, contract services, and logistics Food services customers include multinational fast-food chains, airline catering services, and large food services companies Mezzan Holding is an 80-year-old company that was listed on the Kuwait Stock Exchange in the second quarter of 2015. The company is headquartered in Kuwait with direct operational activities in Kuwait, UAE, Qatar, Saudi Arabia, Iraq and Jordan. For inquiries, please contact:
Al Bawaba
11-05-2025
- Business
- Al Bawaba
Mezzan Holding Reports Strong Q1 2025 Earnings, Marking a Milestone Year of Growth and Legacy
Company to hold earnings call to discuss results on Monday, 12th of May 2025 at 2:00 pm Kuwait Time. Kuwait – 10 May 2025 — Mezzan Holding Co. KSCP, one of the largest manufacturers and distributors of food, beverage, FMCG, and healthcare products in the Gulf region, today announced its financial results for the first quarter ended 31 March 2025, delivering another quarter of profitable growth and operational excellence. Q1 2025 Financial HighlightsRevenue of KD 88 million, an increase of 3% compared to Q1 Profit of KD 9.1 million, a growth of 15.6%.EBITDA of KD 11.3 million, up by 11.8%. Net Profit of KD 7.2 million, representing a 17.8% year-on-year increase. Vice Chairman of Mezzan Holding, Mr. Mohammad Jassim Al-Wazzan, commented: ' The quarter's record performance highlights the continued progress we've made in strengthening the business, and driving long-term shareholder value, which has more than doubled since 2020 alone. 'This year also marks Mezzan's 80th anniversary, a milestone that reflects the enduring trust placed in us by the communities we serve. On this occasion, we extend our gratitude to every household that has made our products part of their daily lives, and to every partner who has made us part of their business, and our teams for their commitment and dedication. We also honor the legacy of our founder, the late Jassim Al-Wazzan, whose vision and values continue to guide our journey.' Mr. Amr Farghal, CEO of Food & FMCG at Mezzan Holding, said: "Building a strong foundation for profitable growth, alongside operational excellence, remains a key priority as we work to accelerate our performance. In Q1 2025, the Mezzan team's collective efforts to enhance the portfolio mix and implement targeted initiatives across all markets delivered meaningful results. Operational improvements in KSA and Qatar contributed to improved margins and set the stage for continued growth and scalability in these key geographies. We are also unlocking further performance through ongoing initiatives aimed at optimizing our supply network, leveraging enhanced capabilities, and improving asset utilization. Our increased commercial focus and continued investment in our own brands are strengthening brand equity and reinforcing our position as a leading regional player in the consumer sector. Thanks to these efforts, we delivered a solid gross margin of 24.7% in Q1 2025, an improvement of 210 basis points compared to last year. We also remain open to pursuing inorganic opportunities when the right conditions arise. Collectively, these initiatives support our long-term goal of building a stronger, more competitive Mezzan.' Mr. Omar Samoud, Group CFO of Mezzan Holding, said: "Our Q1 2025 financial performance reflects the success of our disciplined strategic execution, focused on delivering solid revenue growth, margin enhancement, and strong bottom-line results. With KD 6.9 million in net profit—20.3% higher than the same period last year—we have established strong momentum to sustain bottom-line improvement throughout the remainder of 2025. Another key milestone worth highlighting is Mezzan's total assets exceeding KD 300 million at the end of the quarter, a significant achievement that underscores our scale and financial strength. 'We are particularly proud of our progress in the Healthcare division, where pharmaceutical products such as Fludrex and Panadrex have secured leading market positions in Kuwait and across the region. This demonstrates our growing competitive edge in the healthcare segment. Our continued investment in advanced pharmaceutical manufacturing, most notably the flagship Al Shifa Project—is expected to further reinforce our leadership in healthcare innovation and distribution." © 2000 - 2025 Al Bawaba (
Al Bawaba
10-03-2025
- Business
- Al Bawaba
Mezzan Holding Reports Full-Year 2024 Results:
Mezzan Holding KSC, one of the largest manufacturers and distributors of food, beverage, FMCG, and pharmaceutical products in the Gulf, announced the company's FY2024 financial results. FY 2024 Highlights:Revenue: KD 286.1 million, up by 5.5%.Operating Profit: KD 22.5 million, up by 19.0%.EBITDA: KD 31.5 million, up by 12.9%. Net Profit: KD 15.5 million, up by 21.8% Mezzan Holding Vice Chairman, Mohammad Jassim Al Wazzan, said: 'Mezzan Holding's financial performance in 2024 reflects sustained momentum, with growth across all key metrics, a stronger balance sheet, and a steady increase in total assets over the past four years. The decline in net debt to capitalization further strengthens our financial position, providing greater flexibility to support our strategic growth both in Kuwait and internationally.' Mezzan Holding CEO for Food and FMCG, Amr Farghal, said: 'With double-digit growth in 2024 in net profit and a record revenue achieved since IPO, the company today runs a strong and in-demand product portfolio across business lines, positioning it for sustained growth in the coming period.' FY 2024 Financial Performance Review:● Food Business Line:Revenue stood at KD 187.2 million, reflecting an increase of 5% compared to 2023. The Food Business Line accounted for 65.4% of Group Revenue. The Business Line comprises the following three business divisions: Food Manufacturing and Distribution (generating 53.9% of Group Revenue), Catering (generating 5.9% of Group Revenue), and Services (generating 5.6% of Group Revenue): Manufacturing and Distribution: revenue increased by 7.7%. Across the board, The Food Manufacturing and Distribution segment experienced notable growth, reflecting consumers' sustained loyalty to our brands and an expanded market presence. Catering: Revenue declined by 19.7%, reflecting our strategic initiative to streamline the portfolio and focus on high-margin contracts. Services: Revenue increased by 14.9%. Our Food Services segment continues to deliver strong performance, particularly in Jordan, driven by contracts with the World Food Program. These contracts support refugee camps in Jordan and facilitate food supply efforts into the Gaza Strip. ● Non-Food Business Line: Revenue stood at KD 99 million, representing a growth of 6.5% compared to 2023 full-year revenue. The Non-Food Business Line accounted for 34.6% of Group Revenue. The Business Lines comprises the following divisions: FMCG and Healthcare business division (generating 32.5% of Group Revenue) and Industrials (generating 2.1% of Group Revenue). FMCG and Healthcare: Revenue increased by 7.6%. Our FMCG and Healthcare segments delivered another year of strong performance, reflecting the continued growth of our pharmaceutical manufacturing business (KSPICO) and sustained momentum in our medical and healthcare distribution segments. Industrials: Revenue declined by 9%, primarily due to a general slowdown in business activity within the oil lubricants and plastics industries. FY 2024 Regional Business Highlights: In Kuwait: Revenue increased by 6.2%. Kuwait excelled in Food Manufacturing & Distribution, with brands such as KITCO maintaining a market-leading position in the salty snacks category. Our legacy brand, Al-Wazzan, continues to lead in canned food and rice, while Khazan remains a key player in the protein category, driven by its commitment to quality and innovation. Additionally, our water business, Aqua Gulf, continues to hold a leading position and sustain growth momentum in Kuwait, further strengthening our portfolio. The FMCG & Healthcare divisions also delivered strong performance, primarily driven by our healthcare portfolio. In UAE: Revenue grew by 8.7%. The UAE market experienced healthy growth, driven primarily by increased energy drink sales and strong performance in the agency brands business, particularly in premium bottled water, which saw a notable growth in 2024. In Qatar: Revenue declined by 20.3%, primarily driven by the Catering segment in Qatar due to the portfolio pruning exercise we implemented to solely focus on margin-accretive contracts. This decline was partially offset by the strong performance and continued growth of our food and beverages business, which remains a key contributor to our market presence. In KSA: Revenue declined by 10.9%; however, we remain confident in reigniting growth through a newly empowered team and enhanced local manufacturing and distribution capabilities. We are working towards making KSA one of our key strategic markets in the future. In Jordan: Revenue increased by 32.5%. This growth was largely driven by the robust distribution of our salty snacks brand, KITCO, along with the expanding distribution of our premium range of fresh fruits and vegetables. The expansion of new accounts and a strengthened distribution network further accelerated this momentum. Additionally, the Food Services sector played a significant role in this growth, supported by our long-standing service contracts with the World Food Program. © 2000 - 2025 Al Bawaba (
