APIC Delivers Record Revenue of USD 1.31 Billion in 2025
Arab Palestinian Investment Company (APIC) announced its consolidated preliminary unaudited financial results for 2025, reporting record revenues of USD 1.31 billion—an increase of 16.84% compared with 2024.
Chairman and CEO Tarek Aggad stated that EBITDA rose by 9.06% to USD 74.85 million. Net income before the impact of hyperinflation accounting in Turkey reached USD 14.34 million. After applying International Accounting Standard (IAS) 29, which resulted in non-cash losses of USD 6.68 million, net profit stood at USD 7.66 million, reflecting a 5.58% year-on-year decline. Net income attributable to APIC shareholders increased by 1.35% to USD 8.13 million. Earnings per share amounted to USD 0.05, down 13.9%, primarily due to the increase in outstanding shares from 125 million to 160 million during 2025.
Total assets grew by 17.5% to USD 992.4 million, while shareholders’ equity increased by 21.5% to USD 229.3 million.
Aggad described 2025 as an exceptionally challenging year amid ongoing geopolitical and economic pressures. The continued war on Gaza for the third consecutive year, escalating tensions in the West Bank, and the prolonged economic downturn caused by the withholding of Palestinian Authority revenues significantly impacted the business environment. The government’s inability to meet full salary payments and settle obligations to the private sector adversely affected group operations.
He noted that direct and indirect receivables owed by the Palestinian Authority to APIC subsidiaries reached approximately USD 150 million in 2025, carrying an estimated financing cost of USD 7.5 million. Additionally, operations in Turkey were impacted by the continued application of IAS 29, resulting in non-cash losses of approximately USD 6.85 million.
Despite these headwinds, Aggad affirmed that APIC delivered solid results and achieved major milestones. The company’s secondary share offering was oversubscribed by 180%, raising USD 54.3 million against a USD 30 million target—demonstrating strong shareholder confidence in APIC’s long-term strategy and resilience. Furthermore, APIC successfully issued a USD 120 million bond with participation from leading financial institutions, including the International Finance Corporation (IFC), a member of the World Bank Group, reinforcing its international credibility and operational strength.
As part of a strategic national partnership, APIC joined forces with Bank of Palestine and Massader Natural Resources & Infrastructure Development Company to establish TAQA for Sustainable Projects Development Company. The initiative aims to advance renewable energy investments in Palestine. Aggad emphasized that renewable energy is a national priority, essential for fostering economic independence and sustainability. With Palestine’s strong solar energy potential, the partnership seeks to develop productive projects that generate value, create jobs, and support long-term economic and social development.
Reaffirming its commitment to corporate social responsibility, APIC allocated approximately USD 1.2 million in 2025 to support charitable associations and institutions focused on orphans, individuals with special needs, mental health, healthcare, education, and youth development.