Arab Palestinian Investment Company (APIC) has announced its consolidated preliminary unaudited financial results for 2025, reporting record revenues of USD 1.31 billion, reflecting a 16.84% year-on-year increase.
APIC Chairman and CEO Tarek Aggad stated that EBITDA rose by 9.06% to USD 74.85 million. Net income reached USD 14.34 million, excluding the impact of hyperinflation accounting in Turkey, which amounted to USD 6.68 million. After applying International Accounting Standard No. 29, net profit stood at USD 7.66 million, marking a 5.58% year-on-year decline.
Net profits attributable to the company’s shareholders increased by 1.35% to USD 8.13 million. Earnings per share reached USD 0.05, reflecting a 13.9% decrease, primarily due to the increase in outstanding shares from 125 million to 160 million during 2025.
Total assets rose by 17.5% to USD 992.4 million, while net equity attributable to shareholders grew by 21.5% to USD 229.3 million.
Challenging Operating Environment
Aggad described 2025 as an exceptionally challenging year, citing the ongoing war in Gaza, escalating tensions in the West Bank, and continued economic pressures stemming from withheld Palestinian Authority funds. The Palestinian government’s inability to fully meet salary and financial obligations significantly affected private sector performance, including APIC subsidiaries.
Delayed debts owed by the Palestinian Authority to APIC subsidiaries reached approximately USD 150 million in 2025, with an average financing cost of around USD 7.5 million. In addition, the company recorded non-cash losses of approximately USD 6.85 million in Turkey due to the application of hyperinflation accounting standards.
Oversubscribed Capital Raise and Bond Issuance
Despite the headwinds, APIC achieved several strategic milestones. A secondary share offering was oversubscribed by 180%, raising USD 54.3 million against a targeted USD 30 million. The company also successfully issued USD 120 million in bonds, with participation from leading financial institutions, including the International Finance Corporation (IFC), a member of the World Bank Group.
Strategic Focus on Renewable Energy
In a significant move toward sustainable development, APIC partnered with Bank of Palestine and Massader Natural Resources & Infrastructure Development Company to establish TAQA for Sustainable Projects Development Company. The new entity is aimed at accelerating investments in Palestine’s renewable energy sector.
Aggad emphasized that renewable energy investment has become a national imperative, particularly given Palestine’s strong solar resource potential. He noted that the partnership seeks to transform natural resources into productive renewable projects that generate economic value, create employment opportunities, and strengthen energy independence.
Corporate Social Responsibility
APIC reaffirmed its community engagement commitments, allocating approximately USD 1.2 million in 2025 toward social responsibility initiatives. The funding supported organizations working in areas such as orphan care, special needs services, mental health, healthcare, education, and youth development.
The company stated that, despite geopolitical and economic pressures, it remains focused on long-term resilience, sustainable growth, and expanding its footprint in renewable energy as part of a broader national development strategy.
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