"Padico" Records Net Profits of 12.8 Million Dollars

SadaNews - Padico has disclosed its consolidated financial results for the end of the third quarter of 2025, reporting net profits attributable to the company's shareholders amounting to 12.8 million dollars, compared to 9.5 million dollars during the same period last year, representing a growth of 35%.

The growth in Padico's profits reflects the noticeable improvement in the performance of its subsidiaries and affiliates, particularly in the industrial and agricultural sectors, as well as the financial sector represented by the Palestine Stock Exchange, and the telecommunications and information technology sector represented by Palestine Telecommunications / Jawwal, despite the ongoing political and economic challenges.

On the financial position front, consolidated assets increased by 15% to reach 832.7 million dollars, and consolidated equity rose by 32% to reach 530.1 million dollars, compared to the end of last year, while the book value per share stood at 1.82 dollars.

It is worth noting that the Palestine Development and Investment Company (Padico) is a public joint stock company that invests in key economic sectors in Palestine, including telecommunications and information technology, real estate, finance, industry, agriculture, tourism, infrastructure, and energy.