Wasel Announces Its Financial Results for the Year 2025

SadaNews Economy - The Palestinian Distribution and Logistics Services Company (Wasel) has disclosed its preliminary consolidated financial results (unaudited) for the fiscal year 2025, reporting a profit of $2.38 million attributable to the company's shareholders compared to $950,000 for the same period in 2024.

Throughout 2025, the company continued to register upward performance and achieve successive increases despite complex political and economic conditions, which included the repercussions of the aggression that persisted until October of the same year. This success is primarily attributed to the ongoing increase in the company's sales in logistics services, alongside the continuous growth in sales of technology solutions and information systems and the improved performance of allied companies, not to mention positive returns from its investment portfolio.

Commenting on these results, Wasel's Chairman of the Board, Riyad Nazzal, stated that the company has continued to strengthen its growth trajectory and achieved strong financial performance despite the exceptional circumstances that prevailed in the Gaza Strip and the West Bank during 2025, as it managed to double its profits, clearly indicating its resilience and ability to grow in a highly turbulent environment.

He added that these results reflect Wasel's capability to manage its operations with high efficiency during a year dominated by the impacts of war into the last quarter, while maintaining stable performance and solidifying investments in vital sectors.

It is noteworthy that Wasel is a public shareholding company listed on the Palestine Stock Exchange with a shareholder base of over 13,000 shareholders, and its investments include logistics services, financial leasing, money transport, and security and guarding services.