ESTERAD Investment announced its financial results for the second quarter and six-month period ended June 30, 2026.
Net loss attributable to shareholders for the second quarter of 2026 stood at BD2.457 million, compared with net profit attributable to shareholders of BD1.042m in the same quarter of 2025.
Loss per share amounted to 15.2 fils, compared with earnings per sShare of 6.8 fils in Q2 2025.
Total comprehensive loss attributable to shareholders reached BD2.466m, compared with total comprehensive income attributable to shareholders of BD1.183m in the corresponding period of 2025.
Total income for the quarter stood at BD0.090m, compared with BD2.227m in Q2 2025, representing a drop of 104pc.
For the first six months of 2026, net loss attributable to shareholders stood at BD2.257m, compared with net profit attributable to shareholders of BD1.531m in the same period of 2025.
Loss per share amounted to 14 fils, compared with earnings per share of 10 fils in H1-2025. Total comprehensive loss attributable to shareholders reached BD2.274m, compared with total comprehensive income attributable to shareholders of BD1.714m in H1-2025.
Total income for the period stood at BD1.070m, compared with BD4.088m in the corresponding period of 2025, representing a decrease of 74pc.
Total equity attributable to shareholders as at June 30, 2026 stood at BD43.634m, compared with BD48.346m as of end-2025, representing a decrease of 9.7pc.
Total assets stood at BD71.733m, compared with BD81.021m as of end-2025, representing a decrease of 11.5pc.
The results primarily reflected heightened geopolitical uncertainty and the resulting slowdown in investment activity across the region, which affected market sentiment, asset valuations and the timing of planned transactions. These conditions delayed the planned restart of a major real estate development in Bahrain and the completion of a strategic acquisition in the financial sector, both of which are now targeted to progress during the second half of the year, subject to market conditions.
Performance was also impacted by volatility across global equity markets, including the company’s Turkish listed equities portfolio, as well as certain costs and obligations associated with legacy real estate assets. Against this backdrop, Esterad continued to actively manage its portfolio, preserve financial flexibility and maintain a prudent approach to capital deployment.
Commenting on the results, Esterad chairman Nabeel Nooruddin said: “The results for the second quarter reflect the impact of the unprecedented geopolitical and market conditions witnessed across the region, which affected investment activity, asset valuations and the execution timelines of several planned initiatives. Looking ahead, the board remains focused on prudent capital allocation and supporting management’s efforts to navigate current conditions and position Esterad for renewed growth as markets stabilise.”
For his part, Esterad chief executive officer Ahmed Abdulrahman said: “During the quarter, regional uncertainty led to the deferral of certain development and acquisition plans, while volatility in global equities and legacy asset-related costs also weighed on performance. Management is responding through tighter cost controls, active portfolio realignment and disciplined risk oversight, and we will continue advancing our deferred strategic initiatives when market conditions become more supportive.
Mr Abdulrahman
“Esterad maintains a solid balance sheet with substantial levels of cash resources and marketable securities, and a conservative leverage position.”
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