Esterad reports strong profit growth for the second quarter of 2025, showing resilience despite a fall in overall income. The company announced a net profit attributable to shareholders of BHD 1.04 million, an 18% increase from last year’s BHD 885,853. Earnings per share reached 6.4 fils, compared to 5.8 fils in the same quarter of 2024.
Furthermore, total comprehensive income attributable to shareholders rose to BHD 1.18 million, up 308% from BHD 290,269 a year earlier. However, total income for the quarter dropped 18% to BHD 2.22 million. The company offset this decline by cutting total expenses by 33% and reducing financing costs by 61% through early debt repayment.
During the first half of 2025, Esterad reports strong profit growth with net profit climbing to BHD 1.53 million, up 16% from last year’s BHD 1.32 million. Earnings per share for the period stood at 9.5 fils, compared to 8.6 fils in the first half of 2024. Total comprehensive income doubled to BHD 1.71 million, while total income fell 13% to BHD 4.08 million.
As of June 30, 2025, total equity attributable to shareholders stood at BHD 43.14 million, down 1% from December 2024. Total assets dropped 11% to BHD 83.14 million. This decline was mainly due to portfolio restructuring and asset divestments.
The company’s strategy focused on lowering debt and financing costs. The company used proceeds from divestments, including listed shares, to repay loans early. These steps strengthened Esterad’s financial position.
The chairman said the results confirm the company’s ability to deliver value despite global challenges. He emphasized progress in restructuring through partial divestments from the global equity portfolio. He added that capital was redeployed into higher-yielding opportunities.
The CEO noted that activating new assets and exiting legacy investments boosted profitability. He stated the focus remains on real estate projects and strategic acquisitions. Several deals are expected to close in the coming months. These transactions could enhance growth.
Esterad reports strong profit growth as it prepares to resume construction and sales on a real estate project in Bahrain. The company remains confident in capturing market opportunities to deliver strong returns.
