Name of reporting entityACICO IndustriesACICO Industries
Reporting period start date01-Apr-20262026-04-01
Reporting period end date30-Jun-20262026-06-30
Sector of Reporting EntityIndustrialsIndustrials
Type of firmIndustrialsIndustrials
Frequency of reportingQuarter 2Quarter 2
Description of presentation currencyKuwaiti DinarKuwaiti Dinar
Level of rounding used for monetary valuesActualsActuals
Description of nature of financial statementsReviewedReviewed
Preparation basisConsolidatedConsolidated
Whether company is Local or ForeignLocalLocal
Board of Directors Meeting Date10-Aug-20262026-08-10
Period01-Jan-2026 to 30-Jun-202601-Jan-2025 to 30-Jun-2025
Statement Value During the PeriodValue During the Period% change
Net Profit (Loss) represents the amount attributable to the owners of the parent Company{"ElNm":"ProfitLossAttributableToOwnersOfParent","ElTyp":"monetaryItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}6,280,0016280001{"ElNm":"ProfitLossAttributableToOwnersOfParent","ElTyp":"monetaryItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}7,953,9057953905{"ElNm":"PercentageChangeinNetProfitLossAttributabletoOwnersofParentCompany","ElTyp":"percentItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}(21.0451%)-0.210451
Basic and Diluted Earnings per Share{"ElNm":"BasicAndDilutedEarningsLossPerShare","ElTyp":"perShareItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}19.00419.004{"ElNm":"BasicAndDilutedEarningsLossPerShare","ElTyp":"perShareItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}24.06924.069{"ElNm":"PercentageChangeinBasicandDilutedEarningsperShare","ElTyp":"percentItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}(21.0437%)-0.210437
Current Assets{"ElNm":"CurrentAssets","ElTyp":"monetaryItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}72,333,93072333930{"ElNm":"CurrentAssets","ElTyp":"monetaryItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}89,665,48389665483{"ElNm":"PercentageChangeinCurrentAssets","ElTyp":"percentItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}(19.3291%)-0.193291
Total Assets{"ElNm":"Assets","ElTyp":"monetaryItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}213,727,212213727212{"ElNm":"Assets","ElTyp":"monetaryItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}244,090,557244090557{"ElNm":"PercentageChangeinTotalAssets","ElTyp":"percentItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}(12.4394%)-0.124394
Current Liabilities{"ElNm":"CurrentLiabilities","ElTyp":"monetaryItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}123,268,762123268762{"ElNm":"CurrentLiabilities","ElTyp":"monetaryItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}175,018,361175018361{"ElNm":"PercentageChangeinCurrentLiabilities","ElTyp":"percentItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}(29.5681%)-0.295681
Total Liabilities{"ElNm":"Liabilities","ElTyp":"monetaryItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}178,432,036178432036{"ElNm":"Liabilities","ElTyp":"monetaryItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}208,991,975208991975{"ElNm":"PercentageChangeinTotalLiabilities","ElTyp":"percentItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}(14.6225%)-0.146225
Total Equity attributable to the owners of the Parent Company{"ElNm":"EquityAttributableToOwnersOfParent","ElTyp":"monetaryItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}30,834,43730834437{"ElNm":"EquityAttributableToOwnersOfParent","ElTyp":"monetaryItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}29,349,80429349804{"ElNm":"PercentageChangeinTotalEquityAttributabletoOwnersofParentCompany","ElTyp":"percentItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}5.0584%0.050584
Total Operating Revenue{"ElNm":"TotalOperatingRevenue","ElTyp":"monetaryItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}40,650,34440650344{"ElNm":"TotalOperatingRevenue","ElTyp":"monetaryItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}35,576,68535576685{"ElNm":"PercentageChangeinTotalOperatingRevenue","ElTyp":"percentItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}14.2612%0.142612
Net Operating Profit (Loss){"ElNm":"NetOperatingProfitLoss","ElTyp":"monetaryItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}(5,269,827)-5269827{"ElNm":"NetOperatingProfitLoss","ElTyp":"monetaryItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}3,495,2133495213{"ElNm":"PercentageChangeinNetOperatingRevenue","ElTyp":"percentItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}(250.7727%)-2.507727
Accumulated Loss / Paid-Up Share Capital{"ElNm":"AccumulatedLossbyPaidUpShareCapital","ElTyp":"percentItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}(44.2642%)-0.442642{"ElNm":"AccumulatedLossbyPaidUpShareCapital","ElTyp":"percentItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}(47.8487%)-0.478487{"ElNm":"PercentageChangeinAccumulatedLossbyPaidUpShareCapital","ElTyp":"percentItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}7.4913%0.074913
Period01-Apr-2026 to 30-Jun-202601-Apr-2025 to 30-Jun-2025
Statement Value During the PeriodValue During the Period% change
Net Profit (Loss) represents the amount attributable to the owners of the parent Company{"ElNm":"ProfitLossAttributableToOwnersOfParent","ElTyp":"monetaryItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}6,277,5276277527{"ElNm":"ProfitLossAttributableToOwnersOfParent","ElTyp":"monetaryItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}1,723,2711723271{"ElNm":"PercentageChangeinNetProfitLossAttributabletoOwnersofParentCompany","ElTyp":"percentItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}264.2797%2.642797
Basic and Diluted Earnings per Share{"ElNm":"BasicAndDilutedEarningsLossPerShare","ElTyp":"perShareItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}19.00019{"ElNm":"BasicAndDilutedEarningsLossPerShare","ElTyp":"perShareItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}5.2105.21{"ElNm":"PercentageChangeinBasicandDilutedEarningsperShare","ElTyp":"percentItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}264.6833%2.646833
Total Operating Revenue{"ElNm":"TotalOperatingRevenue","ElTyp":"monetaryItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}18,655,01818655018{"ElNm":"TotalOperatingRevenue","ElTyp":"monetaryItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}17,651,45317651453{"ElNm":"PercentageChangeinTotalOperatingRevenue","ElTyp":"percentItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}5.6855%0.056855
Net Operating Profit (Loss){"ElNm":"NetOperatingProfitLoss","ElTyp":"monetaryItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}(6,912,167)-6912167{"ElNm":"NetOperatingProfitLoss","ElTyp":"monetaryItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}(158,801)-158801{"ElNm":"PercentageChangeinNetOperatingRevenue","ElTyp":"percentItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}(4,252.7226%)-42.527226
Statement
Total Revenue realized from dealing with related parties (value, KWD){"ElNm":"TotalRevenueRealisedFromRelatedParties","ElTyp":"monetaryItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}00
Total Expenditures incurred from dealing with related parties (value, KWD){"ElNm":"TotalExpendituresIncurredForRelatedParties","ElTyp":"monetaryItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}262,966262966
Increase/Decrease in Net Profit (Loss) is due to

Increase/Decrease in Net Profit (Loss) is due to

سبب ارتفاع/انخفاض صافي الربح (الخسارة)

 

Key reasons for the increase in net profit:

  • Decrease in general and administrative expenses by KWD 585,689.

  • Gain from loan extinguishment amounting to KWD 27,800,022.

 

Partially offset by:

  • Recognition of a fair value loss on investment property amounting to KWD 4,115,272.

  • Recognition of a provision for inventory amounting to KWD 3,014,408.

  • Recognition of receivables write-off expense amounting to KWD 1,396,998.

  • Recognition of an impairment loss on fixed assets amounting to KWD 11,712,372.

 

من أهم أسباب ارتفاع صافي الربح:

 

  • إنخفاض بند المصروفات العمومية بمبلغ 585,689 دينار كويتي.

  • أرباح من إطفاء قروض بمبلغ 27,800,022 دينار كويتي.

 

وقابل ذلك جزئيا:

  • تسجيل خسائر التغير في القيمة العادلة للاستثمار العقاري بمبلغ 4,115,272 دينار كويتي.

  • تسجيل مخصص مخزون بمبلغ 3,014,408 دينار كويتي.

  • تسجيل إطفاء ذمة بمبلغ 1,396,998 دينار كويتي.

  • تسجيل خسائر إنخفاض في قيمة أصول ثابتة بمبلغ 11,712,372 دينار كويتي.

 

Auditor OpinionEnglishArabic
Conclusion{"ElNm":"AuditorsReportOnReviewConclusion","ElTyp":"AuditorsReportOnReviewConclusionType","DimNmList":["LanguageAxis"],"DomNmList":["EnglishMember"],"PerTyp":"CP"}Qualified ConclusionQualified Conclusion{"ElNm":"AuditorsReportOnReviewConclusion","ElTyp":"AuditorsReportOnReviewConclusionType","DimNmList":["LanguageAxis"],"DomNmList":["ArabicMember"],"PerTyp":"CP"}رأي متحفظرأي متحفظ
Basis of Qualified Conclusion - English

Basis for Qualified Conclusion

We were unable to obtain direct bank confirmations for certain bank balances amounting to KD 145,148 and borrowings amounting to KD 61,406,165 as of 30 June 2026 (31 December 2025: KD 149,376 and KD 61,406,165 respectively, 30 June 2025: KD 148,950 and KD 64,347,690 respectively). Accordingly, we were unable to determine whether any adjustments might be necessary to the accompanying interim condensed consolidated financial information in relation to these bank balances and borrowings.

 

Qualified Conclusion

Based on our review, except for the possible effect of the matter described in the “Basis of Qualified Conclusion” above, nothing has come to our attention that causes us to believe that the accompanying interim condensed consolidated financial information is not prepared, in all material respects, in accordance with International Accounting Standard 34.

Basis of Qualified Conclusion - Arabic

أساس الاستنتاج المتحفظ

 

لم نتمكن من الحصول على مصادقات بنكية مباشرة حول بعض الأرصدة البنكية بمبلغ 145,148 دينار، وتسهيلات ائتمانية بمبلغ 61,406,165 دينار كويتي كما في 30 يونيو 2026 (31 ديسمبر 2025: 149,376 دينار كويتي و61,406,165 دينار كويتي على التوالي، 30 يونيو 2025: 148,950 دينار كويتي و 64,347,690 دينار كويتي على التوالي). وعليه، فإننا لم نتمكن من تحديد ما إذا كان من الضروري إجراء أي تعديلات على المعلومات المالية المرحلية المكثفة المجمعة المرفقة فيما يتعلق بتلك الأرصدة البنكية والتسهيلات الائتمانية.

 

الاستنتاج المتحفظ

 

استنادا إلى مراجعتنا، وباستثناء أي تأثيرات محتملة للأمر الموضح في فقرة "أساس الاستنتاج المتحفظ" أعلاه، فإنه لم يرد لعلمنا ما يجعلنا نعتقد أن المعلومات المالية المرحلية المكثفة المجمعة المرفقة لم يتم إعدادها من كافة النواحي المادية وفقا لمعيار المحاسبة الدولي 34.

The auditor’s opinion as stated in the report

Basis for Qualified Conclusion

We were unable to obtain direct bank confirmations for certain bank balances amounting to KD 145,148 and borrowings amounting to KD 61,406,165 as of 30 June 2026 (31 December 2025: KD 149,376 and KD 61,406,165 respectively, 30 June 2025: KD 148,950 and KD 64,347,690 respectively). Accordingly, we were unable to determine whether any adjustments might be necessary to the accompanying interim condensed consolidated financial information in relation to these bank balances and borrowings.

 

A detailed explanation of the situation that called the auditor to express an opinion

Qualified Conclusion

Based on our review, except for the possible effect of the matter described in the “Basis of Qualified Conclusion” above, nothing has come to our attention that causes us to believe that the accompanying interim condensed consolidated financial information is not prepared, in all material respects, in accordance with International Accounting Standard 34.

The steps that the company will take to address what was stated in the auditor’s opinion

The company is currently working on settling its outstanding liabilities with the banks. Agreements have already been reached with some of them, and efforts are ongoing with the remaining banks.

 

الشركة الآن بصدد العمل على تسوية مديونياتها مع البنوك والتي تم الاتفاق مع بعضها بالفعل وجاري العمل مع باقي البنوك.
The timeline for implementing the steps to address what was stated in the auditor's opinion

 

End of 2026

 

 

نهاية عام 2026
Corporate Actions
Status of Dividends{"ElNm":"NoDividend","ElTyp":"NoDividendType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}No dividends declaredNo dividends declared
Cash Dividends{"ElNm":"ProposedCashDividends","ElTyp":"monetaryItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}
Bonus Share{"ElNm":"IssueOfBonusShares","ElTyp":"monetaryItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}
Other Dividend{"ElNm":"OtherDividend","ElTyp":"monetaryItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}
Cash Dividends (%){"ElNm":"CashDividendPercentage","ElTyp":"percentItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}
Bonus Share (%){"ElNm":"BonusSharePercentage","ElTyp":"percentItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}
Other Dividend (%){"ElNm":"OtherDividendPercentage","ElTyp":"percentItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}
Capital Increase{"ElNm":"CapitalIncrease","ElTyp":"stringItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}
Issue Premium{"ElNm":"IssuePremium","ElTyp":"stringItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}
Capital Decrease{"ElNm":"CapitalDecrease","ElTyp":"stringItemType","DimNmList":[],"DomNmList":[],"PerTyp":"CP"}
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