Bahrain Car Parks Company (Amakin) has announced its financial results for the second quarter and the six months ended June 30, 2026.
As for the company’s financial results for the three months ended June 30, 2026, net profit reached BD276,000 compared to BD296,000 reported for the same period in 2025, a decrease of 7 per cent.
This decline is a consequence of the direct and indirect impacts of the Iranian aggression against Bahrain and the rest of the GCC, which resulted in the delay of some strategic projects that were expected to be operational and contribute to returns during this period. Basic and diluted earnings per share were at 3 fils, compared to 3 fils for the same period in 2025.
The company reported a total comprehensive income of BD276,000, a decrease of 9pc compared to BD304,000 reported for the same period in 2025, and a decrease of 3pc in operating income, BD788,000 compared to BD809,000 for the same period in 2025.
As for the company’s financial results for the six months ended June 30, 2026, net profit reached BD465,000 compared to BD543,000 reported for the same period last year, a decrease of 14pc.
Basic and diluted earnings per share were at 4 fils, compared to 5 fils for the same period in 2025.
The company reported a total comprehensive income of BD464,000, a decrease of 15pc compared to BD543,000 for the same period in 2025, and a 4pc increase in operating income, BD1.65m compared to BD1.58m for the same period in 2025.
Total equity amounted to BD19.95m compared to BD20.49m for the year ended December 31, 2025, a decrease of 3pc. The company’s assets were at
BD22m, a decrease of 2pc compared to BD22.53m for the year ended December 31, 2025.
In his commentary on the results, chairman Khalifa Hassan Al Jalahma said: “The second quarter of 2026 reflected a period of adjustment for Amakin, as the broader regional environment continued to exert pressure on business conditions. While our financial results were impacted, we remain confident in the resilience of our business model and the clarity of our strategic direction, and we continue to focus on improving operational efficiency and enhancing our service offering.”
He added: “Looking ahead, we are committed to advancing our strategic plans and expanding our development projects, with a clear focus on delivering intelligent and sustainable solutions in the parking and urban mobility sector. We believe these efforts will position Amakin well for recovery and long-term growth, reinforcing our role as a trusted partner in urban development and creating sustainable value for our shareholders.”
On his part, the company’s chief executive Tariq Ali Aljowder said: “Despite the continued developments and acts of aggression witnessed by Bahrain and the region during the second quarter of 2026, Amakin maintained the stability of its operations throughout the period and continued to execute its operational priorities in line with its approved plans. The company also made progress on its development projects while enhancing its services and advancing its digital solutions, further strengthening operational efficiency and elevating customer experience.”
Mr Aljowder
Mr Aljowder added: “The Amakin Pearls project remains a key component of the company’s growth strategy. As of June 30, 2026, the project had reached 69pc completion, reflecting the company’s commitment to delivering the project in accordance with the approved schedule and quality standards.
The project supports Amakin’s strategy to expand and develop parking infrastructure through the implementation of smart and sustainable solutions, contributing to urban development, enhancing service quality, and strengthening the company’s role in supporting urban mobility infrastructure in Bahrain.”
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