Padico Achieves Profits of $18.4 Million in 2025 and Strengthens Its Financial Position Despite Challenges

SadaNews - The Palestine Development and Investment Company (Padico) has disclosed its preliminary consolidated financial results (unaudited) for the year 2025, reporting profits of $18.4 million for its shareholders compared to profits of $0.7 million for the fiscal year 2024. The results for 2024 were affected by exceptional losses of $12.4 million, due to additional provisions taken by some of its affiliated and allied companies against damaged assets in the Gaza Strip.

Despite ongoing economic and political challenges, the affiliated and allied companies achieved a recovery in 2025, reflecting positively on Padico's financial performance, particularly in the telecommunications and information technology sectors and the agricultural sector. Padico's share of the results from Palestine Telecommunications Company amounted to $4.5 million, and from Palestine Palm Company to $1.1 million. The consolidated assets reached $715 million at the end of 2025, and Padico's shareholders' equity rose from $338 million to $483 million, with the book value of the share standing at $1.93.

Commenting on the results, Chairman Bashar Masri stated: "In 2025, we at Padico took strategic steps including restructuring the company's bonds and selling shares owned by its subsidiaries, in addition to selling our stake in Palestine Industrial Investment Company," noting that these steps significantly contributed to strengthening the company's financial position, reducing its indebtedness, and providing cash liquidity to enhance its investment portfolio.

Masri added, "We have dealt with the challenges of this difficult phase flexibly, thanks to the hedging policies and risk management strategies we followed during the period of aggression, which positively reflected on Padico's profitability in 2025, and despite these difficult circumstances, we continued to invest in existing and new projects worth more than $45 million."

He affirmed that Padico's future focus will be on investing in the Gaza Strip when the appropriate conditions are met, adding, "We are confidently moving forward with the trust of our shareholders and the dedication of our teams towards a new phase of development and growth."

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, agriculture, tourism, infrastructure, and energy.