November 16, 2025 – Ramallah, Palestine
Arab Palestinian Investment Company (APIC) disclosed its financial results by the third quarter of 2025. APIC Chairman and CEO Tarek Aggad announced that the company recorded total revenues of USD 952.5 million, reflecting an 16.8% growth compared to the same period last year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) reached around USD 48.9 million, marking a growth of 4.3%. Operating profit rose by 4.8% and amounted to USD 36.3 million. Net profits amounted to USD 2.6 million by the third quarter of 2025, reflecting a 23.4% decline compared to the same period of 2024.
Total assets amounted to USD 977.5 million, marking a 15.7% increase to 2024’s year-end. Shareholders’ equity stood at USD 226 million, a 19.8% increase to 2024’s year-end.
In his statement, Aggad stated that the company continues to navigate significant and diverse local and regional challenges; In addition to the persistent economic recession in Palestine, and the Palestinian Authority’s direct and indirect delayed debts to APIC subsidiaries which has reached approximately USD 146 million by the end of the third quarter with an average financing cost of around USD 7 million, the group also faces external headwinds in Turkey, which is classified as a hyperinflationary economy. As a result, the company incurred non-cash losses of approximately USD 4.7 million by the end of the third quarter of 2025, due to the application of International Accounting Standard (IAS) 29.
Aggad confirmed that the turnaround to profitability by the end of the third quarter- following the losses recorded in the first half of the year- represents a strong indicator of the potential for improved results in the coming periods, particularly given the improved performance of most of the group’s subsidiaries, which reflects the effectiveness of ongoing managerial and operational efforts.
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About APIC
APIC is a public shareholding investment company listed on the Palestine Exchange (PEX: APIC). It holds diversified investments across the manufacturing, trade, distribution and service sectors in Palestine, Jordan, Saudi Arabia, the United Arab Emirates, Iraq and Turkey through its group of subsidiaries: Siniora Food Industries Company; Unipal General Trading Company; Palestine Automobile Company; Medical Supplies and Services Company; National Aluminum and Profiles Company (NAPCO); Reema Hygienic Paper Company; Sky Advertising and Promotion Company; Arab Leasing Company and Arab Palestinian Storage and Cooling Company, employing over 3,400 staff through its group of subsidiaries. For more information, visit https://apic.ps/