Results Reflect One-Off, Non-Cash Loss from Remeasurement of Discontinued Operations

KUWAIT, 17 August 2025 — Agility Public Warehousing Company KSCP (“Agility KSCP”), a supply chain services, infrastructure and innovation company, today reported Q2 2025 results following a repositioning of the company’s strategy.

Q2 Recap of New Strategic Direction

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, Agility KSCP announced that it will position its capital, operations, and leadership to support Kuwait’s economic priorities, with planned investments exceeding KD 100 million through 2030 in high-priority sectors. The company 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 of Agility KSCP, based on the authorization given at the Company’s Ordinary general meeting held on 22 May 2025, also approved the distribution of in-kind dividends representing 20.09% of the shares held by Agility KSCP in ADX-listed Agility Global Plc.

This strategic step aimed to offer shareholders a direct stake in a high-growth business while enhancing Agility Global’s free float, improving share liquidity, and boosting price discovery. This move is expected to raise Agility Global’s market visibility and support potential inclusion in major equity indices, underscoring the Board’s commitment to long-term value creation and alignment with shareholders.

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.

Q2 2025 net income from continuing operations stands at KD 8.7 million, up 196% from the same period last year, equivalent to 3.48 fils per share. Revenue stands at KD 36.1 million, and EBITDA was KD 16.2 million, up 36% year-over-year.

For the six months ending June 30, 2025, net income from continuing operations stands at KD 18 million, equivalent to 7.22 fils per share, a 45.3% increase from same period last year. Revenue stands at KD 73.9 million, and EBITDA was KD 32.2 million up 5.3% year-over-year.

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 recognized a non-cash loss of KD 292 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 KD 282 million, equivalent to negative 113 fils per share.

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.

Tarek Sultan, Vice Chairman of Agility KSCP said:

“Operating performance in the second quarter remained stable, and net income from continuing operations improved year-over-year. 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.”

Continuing Operations: Business Update

In Kuwait, the company’s portfolio businesses remain committed to executing their growth strategies while actively pursuing opportunities to enhance value and returns for shareholders.

GCS continues to prioritize both expansion and operational efficiency, positioning itself to capture new market opportunities. Meanwhile, MRC achieved a significant milestone by winning the bid to develop and operate a state-of-the-art Metal Reclamation Facility (MRF) that will process spent catalysts from KNPC and KIPIC refineries, contributing to Kuwait’s sustainability and industrial recycling goals.

Agility’s Kuwait Logistics Parks business is also making steady progress on the development of S2, or South Village—an integrated commercial, logistics, and crafts/services hub designed to serve Sabah Al-Ahmad City, Kuwait’s next-generation urban development. This project underscores Agility KSCP’s role as a key enabler of modern infrastructure in support of national growth.

Investments: Agility Global Business Update

As of end June 30, 2025, Agility KSCP still owned 51% shares in Agility Global, however post the distribution which happened in July, Agility KSCP will own 25% of Agility Global and will be deconsolidated and accounted for as an associate in Agility KSCP Books starting in the third quarter of 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.

Agility Global reported Q2 2025 earnings of $24 million, EBIT grew 5% to $97 million, EBITDA increased 8% to $181 million, and revenue rose 8% to $1.2 billion. Agility Global’s balance sheet remains strong with total assets at $12.7 billion and shareholder equity at $5.8 billion

Financial Summary

Numbers above are rounded.

KUWAIT – JUNE 25, 2025 – Agility, a supply chain services, infrastructure, and innovation company, has renewed partnerships with Kuwait’s leading non-profits to empower and support over 5,000 beneficiaries in Kuwait throughout 2025, building on two decades of collaboration that have reached over 51,000 people across the country.

2025 CSR Program:

1- INJAZ-Kuwait Programs

Agility will continue its 18-year partnership with INJAZ Kuwait, supporting programs that equip young people with financial skills to succeed in today’s private sector. INJAZ provides and runs nationwide financial literacy programs for students in collaboration with the Ministry of Education and private schools, as part of its mission to empower 100,000 students in Kuwait. Agility’s support extends to a range of INJAZ programs, including Entrepreneurship Master Classes, It’s My Business, Innovation Camps, Personal Finance, and Job Shadows initiatives.

2-LOYAC’s Kon Program

Agility has also renewed its commitment to LOYAC’s “KON” program, now in its tenth year. The five-week program trains students aged 12 to 16 in entrepreneurship through hands-on learning and workshops led by industry professionals. Developed in collaboration with Babson College, a leading U.S. institution in entrepreneurial education, the program equips students with core business skills, critical thinking, leadership, and communication abilities.

3-CODED Academy

Agility has renewed its strategic support for two of CODED Academy’s programs: Kuwait Codes and Academy X. To date, these free programs have trained 2,833 young men and women in Kuwait on foundational and advanced programming languages.

Now in its fourth year, Kuwait Codes has proven to be a successful platform for nurturing tech and coding talent across Kuwait. Agility’s renewed support reflects its continued commitment to impactful educational initiatives and aligns with the company’s broader mission of driving innovation in supply chain technology and digital infrastructure.

Academy X, which began as a pilot program within Kuwait Codes in 2023 and officially launched last year, enters its second year in 2025 following remarkable success. The program offers a dynamic environment for growth and innovation and is dedicated to empowering the next generation of women innovators in Kuwait. Agility’s continued support underscores its commitment to building a more inclusive and digitally empowered future.

 4-RUN Kuwait by FSHN

Agility, a founding partner of RUN Kuwait, has renewed its support for the country’s first annual fundraising race. Organized since 2013 by the non-profit Fawzia Sultan Healthcare Network (FSHN), the event raises funds to provide essential healthcare services to children from underprivileged families. All proceeds go toward therapy sessions at FSHN’s Child Evaluation and Rehabilitation Center (CERC), which offers free or low-cost care for children with special needs, ensuring they receive the treatment and support they need.

5-Work-Maker Project by Youth Public Authority

For the third consecutive year, Agility, in collaboration with Engineering Systems Group (ESG), is continuing its accelerated facilities management training program for 25 young Kuwaitis as part of the Work-Maker Project, a national workforce development initiative led by Kuwait’s Youth Public Authority.

The program provides practical, industry-focused training to Kuwaiti engineering graduates from universities in Kuwait, the U.S., and the U.K., equipping them with the skills and experience needed for careers in both the public and private sectors. By aligning training with real market needs, the initiative helps prepare young professionals for in-demand roles in facilities management and related industries.

6-Participation in Career Fairs

Agility also actively engages with the future workforce through its participation in career fairs, with a strong focus on employing and empowering Kuwaiti youth. Agility took part in the American University of the Middle East (AUM) Career Fair and the K-Tech Career Fair. These platforms allowed Agility to connect with young Kuwaiti students and graduates, showcase career opportunities across its diverse business units and reinforce its commitment to national workforce development.

7-Food for Good

As part of its ongoing commitment to supporting communities in need, Agility has partnered with the Kuwait Association for Needy Families for Agility’s annual ‘Maachlat Al-Khair’ (Food for Good) initiative. Through this collaboration, Agility provides 1,000 underprivileged families in Kuwait with essential food packages during Ramadan, with support from Agility subsidiaries UPAC and Shipa.

Recognition:

Agility is ranked among the top three sustainability leaders in the Middle East’s Transport & Logistics sector and was one of only five Kuwait-based companies featured on Forbes’ Middle East Sustainable 100 list for 2024. The company has been included in the FTSE4Good Index Series since 2020—a global benchmark for companies with strong ESG practices.

• Deal expands Menzies’ U.S. footprint; enhances passenger services offering across major U.S. airline hubs
• Menzies’ global network will increase to 340 airports and 65,000 employees
• The deal is expected to boost Menzies’ revenue by 20% per annum to over $3.1 billion,
  based on FY 2024 earnings

14 April 2025, London: Menzies Aviation, an Agility Global company, and the leading service partner to the world’s airports and airlines, announces today that it has signed a $305m USD agreement to acquire U.S-based G2, an aviation service partner of choice for major airlines across the United States.

Once the deal is completed, Menzies will operate in over 340 airports in 65 countries with a global team of 65,000 highly trained people. The deal is expected to boost Menzies’ group revenue by 20% to over $3.1 billion, based on FY 2024 revenue figures.

This deal strengthens Menzies’ position as the largest aviation services business globally, by countries, airports and aircraft turns.

John Redmond, Executive Vice President Americas, Menzies Aviation said: “This acquisition is a key milestone in our longer-term value creation strategy. We are already the global industry leader in terms of countries, airports and aircraft turns and this transaction will expand our footprint to 340 airports worldwide. This deal enhances our presence in the United States – the largest and most dynamic aviation market worldwide, and we look forward to working with the G2 team to realise the potential for growth. We are confident in the resilience and strength of the U.S. economy and aviation market, where we have been a key player for 25 years.”

Menzies first entered the U.S. market in 2000 and is currently an industry leader providing safe and high-quality ground, air cargo and fuel services. Established in 2005, G2 has a strong growth history within the U.S., with a focus on providing passenger assistance, cabin cleaning and ground and air cargo handling at airports across the country, including major airline hubs. G2’s services complement and expand Menzies’ current service offering to customers.

This agreement, which involves the acquisition of the entire G2 business, will expand on Menzies’ best-in-class service offering for airline customers with nearly 20,000 employees working across more than 100 airports across the U.S.

In a fragmented aviation services market, airlines and airports will benefit from having an established operator with scale that can leverage its extensive track record to establish a new standard of service focused on operational excellence. G2 will rebrand as Menzies, and the business will roll out its industry-leading training and safety-first culture, sustainability practices and innovative technology across its new airports of operation.

The transaction to purchase G2 is subject to regulatory approvals and is expected to complete in June 2025.

Julie Gostic, Chief Executive Officer, G2 said: “We’re proud to be joining Menzies Aviation, the global leader in aviation services, and entering an exciting new era of growth. I look forward to building on our reputation for consistency and high-quality standards while also maintaining a close relationship with our customers, who can expect to see the same level of premium service. G2 customers and our employees will benefit from Menzies’ experience in setting global standards for service, safety and sustainability. We look forward to entering this exciting new era with Menzies.”

For further information contact:

Bronwyn Torrie, Head of Communications, Menzies Aviation
via DGA Group
DGA Group, One Fleet Place, London, EC4M 7RA
[email protected]
Tel: +44 (0)7894 991 586

Partnering with UPAC, Shipa, and the Kuwait Association for Needy Families

KUWAIT– March 2, 2025 – Agility, a supply chain services, infrastructure and innovation company, continues its annual Ramadan tradition by providing essential food supplies to 1,000 underprivileged families with Agility’s ‘Maachlat Al-Khair’ initiative (Food for Good).

The initiative is a charitable partnership with the Kuwait Association for Needy Families, which sourced, prepared, and delivered the food packages to families in need in collaboration with Agility subsidiaries UPAC and Shipa. Each package includes essential groceries and staple items, providing comfort and support throughout the holy month.

“Agility is deeply committed to social responsibility and strives to make a meaningful impact on underprivileged communities in Kuwait and around the world. Each Ramadan, we partner with accredited charities as well as our subsidiaries to provide essential food assistance to families in need. This initiative reflects our core values and reinforces our commitment to giving back. We are proud of the Agility team’s dedication and grateful to everyone who contributed to this meaningful effort,” said Henadi Al-Saleh, Chairperson of Agility.

Agility has a long history of humanitarian efforts. As a member of the Logistics Emergency Teams (LET) and through its bilateral partnerships, Agility has supported over 75 humanitarian crises since 2006. Since 2008, it has supported the World Food Programme (WFP) and has donated 1 million meals to families in Gaza since the war began in October 2023. The company also partners with Mabarat Al-Khair Charity, providing aid to nearly 30,000 people in Kuwait since 2015.

Industry looks to shield itself from trade wars, inflation, possible recession

DUBAI – Feb. 18, 2025 – More than 62% of logistics industry professionals say they’ve overhauled their supply chains to safeguard against inflation, looming trade tariffs, the possibility of a global economic downturn and other major risks.

Entering 2025, the logistics industry is looking to protect itself from rising costs and a potential trade war ignited by expected U.S. tariff hikes and a flood of exports from China, according to a survey of 567 executives for the 2025 Agility Emerging Markets Logistics Index.

Nearly 55% of respondents see a global recession as likely or certain. Almost 82% say tariffs and other trade protectionism are having a significant impact on their supply chains. Seventy-two percent say risks in emerging markets have increased over the past year.

“There is wariness and uncertainty among shippers, carriers, forwarders and others when it comes to the geopolitical factors that drive up costs, affect trade volumes, and alter supply chains,” says Agility Vice Chairman Tarek Sultan. “Companies doing business internationally continue to shift production as they re-evaluate investment plans and search for durable paths to growth.”

The survey and Index are Agility’s 16^th annual snapshot of industry sentiment and ranking of the world’s 50 leading emerging markets. The Index ranks countries for overall competitiveness based on domestic and international logistics strengths, business climates and digital readiness — factors that make them attractive to logistics providers, freight forwarders, air and ocean carriers, distributors and investors.

The 2025 Index features an in-depth analysis of the Arabian Gulf economies. Individually and as a group, the six Gulf countries are positioning themselves as global trade hubs, investing heavily in infrastructure, AI, energy transition, and workforce development. Despite increasing risk to global supply chains, the United Arab Emirates, Saudi Arabia and other Gulf countries have become “beacons of stability” and resilience, the Index concludes.

Stability at the top of the 50-country rankings was accompanied by volatility and movement further down in the Index. China, India, UAE, Saudi Arabia, Malaysia, Indonesia, Mexico, Qatar, Thailand and Vietnam rank 1 through 10. Colombia (No. 21) and Iran (32) took leaps up the rankings; Nigeria (43), Bangladesh (39) and Ukraine (40) tumbled.

The six Gulf countries all are among the top 11 for business conditions: UAE again tops the rankings for best business climate; Saudi Arabia is 3^rd; Qatar 5^th. The countries most digitally ready are China, UAE, Malaysia, Qatar and Saudi Arabia.

In international logistics opportunities, China, India, Mexico, Indonesia and Saudi Arabia rank highest. In domestic logistics, the leaders are China, India, Indonesia, Saudi Arabia and UAE.

2025 Index Highlights

Survey

• Recession — Nearly 55% of respondents see a global recession as likely or certain.
• Protectionism — Almost 82% say tariffs and other trade protectionism are having a significant impact on their supply chains.
• Emerging markets – 72% say risks in emerging markets have increased over the past year.
• China – 54% intend to move production or sourcing out of China in the next five years with U.S.-China trade friction, labor costs and increasing domestic regulation being the biggest factors.
• Africa – Despite seeing heightened risks in emerging markets, 35% plan to boost investment in Africa in 2025 vs. only 8% planning to cut back there.
• Net-Zero – Nearly 65% say their companies are on track to meet net-zero goals.

Country Rankings

• In the Middle East and North Africa, overall rankings are: UAE (3); Saudi Arabia (4); Qatar (8); Turkey (11); Oman (14); Bahrain (16); Jordan (17); Kuwait (18); Egypt (24); Morocco (26); Iran (32); Tunisia (36); Algeria (38); Lebanon (42); Libya (46).
• Rankings in Sub-Saharan Africa: South Africa (20); Kenya (22); Ghana (31); Tanzania (37); Uganda (41); Nigeria (43); Ethiopia (45); Angola (47); Mozambique (48).
• Rankings in Asia: China (1); India (2); Malaysia (5); Indonesia (6); Thailand (9); Vietnam (10); Philippines (23); Kazakhstan (25); Sri Lanka (27); Cambodia (30); Pakistan (33); Bangladesh (39); Myanmar (49).
• Rankings for Latin America: Mexico (7); Chile (11); Brazil (13); Uruguay (19); Colombia (21); Peru (28); Argentina (29); Ecuador (34); Paraguay (35); Bolivia (44); Venezuela (50).
• In Europe: Ukraine (40).

Transport Intelligence (Ti), a leading analysis and research firm for the logistics industry, has compiled the Index since it was launched in 2009.

John Manners-Bell, Chief Executive of Ti, said: “The supply chain industry is entering a new era in which the ability to respond to macro-economic and geopolitical events will be critical. The looming prospect of tariffs and trade wars will force shippers to re-evaluate the resilience of their production, off-shoring and sourcing strategies and it will be imperative for logistics providers to respond appropriately in a timely and effective manner.”

2025 Agility Emerging Markets Logistics Index: agility.com/2025index

In partnership with LOYAC, the program prepares students to thrive in the job market

KUWAIT – JAN 20, 2025 – Agility, a supply chain services, infrastructure and innovation company, announced the successful completion of its 2024 internship program in collaboration with LOYAC, honoring six interns who completed an eight-week training period across five departments.

At Agility’s main office, interns gained experience in Human Resources (HR), Marketing, Finance, Information Technology (IT), and spent time in the Sales and Customer Service departments of Agility Logistics Parks (ALP).

The interns built practical skills and expanded capabilities intended to help them prepare to meet the demands of the ever-evolving and competitive job market. The program concluded with presentations in which the six interns showcased their achievements and growth. The Agility training program offers a valuable opportunity for interns, preparing them to thrive in the workforce by equipping them with the knowledge and skills necessary to achieve their professional ambitions.

Agility’s focus on education and skill development extends beyond this training program. Since 2006, Agility has been a strategic partner of LOYAC, supporting young people in Kuwait through specialized courses and initiatives in financial literacy and entrepreneurship. Agility’s commitment to education and skill development has positively impacted over 687,000 young people since 2014, with nearly 50% of participants being girls and young women.

In addition to its local initiatives in Kuwait, Agility supports community-enabling initiatives and partners in Saudi Arabia, Côte d’Ivoire, Ghana, India, Egypt, and other countries. Over the past decade, Agility has impacted more than 2.3 million people, providing funding for youth education, entrepreneurship, employment, and digital training, while also providing resources in response to the aftermath of natural disasters and complex humanitarian crises.

Contributing to economic growth in the Kingdom and enhancing the capital’s position as a global logistics hub

RIYADH — 10 December 2024 — Riyadh Development Company (ARDCO), a publicly listed Saudi real estate development and development management company, and Agility Logistics Parks (ALP), announced the signing of a strategic partnership to build a state-of-the-art warehousing facility at a prime location east of Riyadh.

The SAR 227m project involves construction of 58,000 SQM of Grade A warehousing on a 97,904 SQM parcel of land in the Rimal district of Riyadh. The integrated logistics center will be built by Agility, on land owned by ARDCO.

Construction is to begin in 2025, and the complex is expected to open in the first half of 2026.

On this occasion, Jehad AlKadi, CEO of ARDCO, said: “This partnership is part of our commitment to the ‘Invest to Grow’ strategy, which aims to invest in promising growth sectors, providing a sustainable source of income for the company while creating added value in priority sectors and maximizing overall shareholder returns. The ‘Logistics Facilities’ project, in collaboration with Agility Logistics Parks, marks the company’s first investment in high-quality logistics sector facilities. This contributes to strengthening Riyadh’s position as a vibrant capital and a regional hub for logistics services.”

Michel Saab, CEO of Agility Logistics Parks, also said: “We are proud to collaborate with ARDCO on this new project, which reflects our confidence in Saudi Arabia’s potential as one of the most exciting markets for logistics investment in the world today. Agility has been investing in building strategic logistics infrastructure in the Kingdom for over two decades, and we’ve witnessed first-hand how Riyadh is continuing to strengthen its position as a vital regional and global logistics hub. This project will further expand logistics capacity and resilience in the nation’s dynamic capital.”

Company invests in Kuwaiti youth through CODED Academy partnership

KUWAIT – Sep. 18, 2024 – Agility, a supply chain services, infrastructure and innovation company, held an educational workshop on entrepreneurship and technology for students at Academy X, part of the CODED Academy for programming.

The workshop, led by Agility Chairperson Henadi Al-Saleh, is part of the company’s ongoing  investment in youth education and commitment to building Kuwait’s future.

The workshop highlighted the strong connection between entrepreneurship and technology. Al-Saleh walked the students through practical concepts, drawing from Agility’s extensive expertise as a technology developer and investor. The session also provided a detailed overview of how to pitch business ideas and secure support for innovations. The workshop sparked lively discussion among the students, concluding with conversation about promising future opportunities and innovation likely to arise in Kuwait.

Al-Saleh said women entrepreneurs and innovators are playing a larger role in society and business in Kuwait and the Gulf.

“Empowering women has always been at the heart of Agility’s strategic partnerships. We have chosen to support initiatives that help young women develop technical skills and foster entrepreneurship. Academy X is part of that model, and this workshop reflects our commitment to developing a new generation of innovative Kuwaiti women,” Al-Saleh said.

In August, Agility Corporate Ventures executive Lamia Hayat led an Academy X session on the basics of venture capital and its role in tech innovation. Hayat shared real-world challenges, case studies, and interactive pitch sessions, encouraging them to think critically about their tech-focused business ideas.

This year, Agility is funding coding skills programs for more than 1,300 school students in Kuwait through CODED Academy. Agility has sponsored the launch of the Academy X program, which will teach 300 female students modern programming basics. The curriculum includes building applications using AI; lessons on leveraging technology in entrepreneurship; and other vital skills that equip students for the job market. Academy X was piloted last year by 100  female students and is now in its first full year.