{"data":{"id":"a323adb5-fdfc-4d0c-910e-2067a73008ec","type":"article","translation_group_id":"a323adb5-fc46-4047-8f7b-a24f461a67e1","language":"en","content_type":"earnings","title":"National Industries Group 9M profit falls 66% to KWD 17.335 million","dek":"The Kuwait-based, DFM-listed group said nine-month profit attributable to owners fell to KWD 17.335 million from KWD 51.384 million.","slug":"nind-nine-month-2026-profit","published_at":"2026-11-03T20:17:13+00:00","updated_at":"2026-11-03T20:17:13+00:00","primary_category":{"id":"2","type":"category","key":"corporate","name":"Corporate","slug":"corporate","summary":"Company filings, board decisions, M&A, buybacks, and governance across listed issuers.","seo_title":"Corporate News | Capital Wire","meta_description":"Company filings, board decisions, M&A, buybacks, and governance news covering listed issuers across UAE and GCC equity markets."},"featured_media":{"id":"a323b188-8daf-4184-bcc4-80af6a6fa4f9","type":"media","url":"https:\/\/capital-wire.com\/storage\/media\/75be230c2d52fbf913ea2bed4d4e781aa99a07428f9f37f539db0e1283a7c64a.webp","mime":"image\/webp","srcset":"https:\/\/capital-wire.com\/storage\/media\/75be230c2d52fbf913ea2bed4d4e781aa99a07428f9f37f539db0e1283a7c64a-640.webp 640w, https:\/\/capital-wire.com\/storage\/media\/75be230c2d52fbf913ea2bed4d4e781aa99a07428f9f37f539db0e1283a7c64a.webp 1200w","width":1200,"height":630,"alt":"National Industries Group 9M profit falls 66% to KWD 17.335 million","caption":null,"credit":null,"license":"operator-supplied","ai_generated":false},"entities":[{"id":"a2d800ad-db10-4d58-acbf-9b3d897ad723","type":"entity","entity_type":"company","collection":"companies","name":"National Industries Group Holding KPSC","slug":"national-industries-group-holding-kpsc","ticker":"NIND","is_primary":true},{"id":"a2de49ee-6ca5-470a-ac94-09108b77d19c","type":"entity","entity_type":"exchange","collection":"exchanges","name":"Dubai Financial Market","slug":"dfm","ticker":null,"is_primary":false}],"flags":{"breaking":false,"featured":false,"correction":false},"subtitle":null,"executive_summary":"National Industries Group (Holding), a Kuwaiti company listed on the Dubai Financial Market, reported nine-month 2026 profit attributable to owners of the parent company of KWD 17.335 million, down 66% from KWD 51.384 million, according to its DFM results form.","key_points":["Nine-month EPS was 6.9 fils versus 20.6 fils a year earlier.","Third-quarter profit attributable to owners was KWD 4.84 million versus KWD 12.262 million, down 61% per the results form.","The company attributed the decline mainly to unrealized fair value losses on financial assets at fair value through profit or loss, versus gains a year earlier.","The company also cited lower manufacturing gross profit on higher raw material costs and a slowdown linked to regional geopolitical developments.","The interim financial information is unaudited and was reviewed by Grant Thornton \u2013 Al-Qatami, Al-Aiban & Partners.","The company will hold an analyst call by live webcast on 10 November 2026 at 1:30 pm Kuwait time."],"body":[{"type":"paragraph","text":"Kuwait-based National Industries Group (Holding) K.P.S.C., which is listed on the Dubai Financial Market, reported profit attributable to owners of the parent company of KWD 17.335 million for the nine months ended 30 September 2026, down 66% from KWD 51.384 million a year earlier, according to the financial results form it filed on DFM on 3 November."},{"type":"heading","level":2,"text":"What happened"},{"type":"paragraph","text":"Basic and diluted earnings per share for the nine months were 6.9 fils, compared with 20.6 fils in the same period of 2025. Total operating revenue was KWD 143.116 million, compared with KWD 193.133 million, and net operating profit was KWD 57.408 million, compared with KWD 95.759 million, the form showed."},{"type":"paragraph","text":"For the third quarter, profit attributable to owners of the parent company was KWD 4.84 million, compared with KWD 12.262 million in the third quarter of 2025, down 61% according to the form. Quarterly earnings per share were 1.90 fils, compared with 4.90 fils."},{"type":"paragraph","text":"Total assets stood at KWD 1,658.62 million at 30 September 2026, compared with KWD 1,666.631 million at 30 September 2025, and equity attributable to owners of the parent company was KWD 571.945 million, compared with KWD 578.827 million."},{"type":"paragraph","text":"The board of directors approved the interim financial information for the period ended 30 September 2026 at a meeting on Tuesday, 3 November. The interim condensed consolidated financial information is unaudited and was reviewed by Grant Thornton \u2013 Al-Qatami, Al-Aiban & Partners, which issued an unmodified review conclusion dated 3 November 2026. All amounts are in Kuwaiti dinars."},{"type":"paragraph","text":"Dubai Financial Market suspended trading in NIND shares from 2:30 pm UAE time on 3 November while the company's board meeting was being held, until the results were disclosed, according to a DFM notice."},{"type":"heading","level":2,"text":"Why it matters"},{"type":"paragraph","text":"The company said the decline in nine-month net profit was primarily attributable to unrealized fair value losses recognised during the period on financial assets classified as fair value through profit or loss, compared with unrealized fair value gains on those assets in the corresponding period of 2025."},{"type":"paragraph","text":"It also said gross profit from manufacturing operations for the nine months decreased due to higher raw material costs and a slowdown in operations resulting from geopolitical developments in the region."},{"type":"heading","level":2,"text":"What to watch next"},{"type":"paragraph","text":"The company said it will hold an analyst conference call on its results for the period ended 30 September 2026 by live webcast on Tuesday, 10 November 2026, at 1:30 pm Kuwait time."}],"seo":{"seo_title":"National Industries Group 9M profit falls 66% | Capital Wire","meta_description":"DFM-listed National Industries Group (Holding) reported nine-month profit attributable to owners of KWD 17.335 million, down 66%, with EPS of 6.9 fils.","og_title":"National Industries Group 9M profit falls 66% | Capital Wire","og_description":"DFM-listed National Industries Group (Holding) reported nine-month profit attributable to owners of KWD 17.335 million, down 66%, with EPS of 6.9 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