Action Energy Company Announces Successful Dividend Approval and Impressive Growth in FY25 Results

Kuwait's Action Energy Company K.S.C.P. (Ticker: ALFTAQA.KK | ALFTAQA.KW) has made headlines following the approval of a cash dividend of 3 fils per share during its recent Annual General Meeting (AGM) held on May 7, 2026. This move comes after the company reported striking year-on-year growth across multiple fronts, underlining its integral role in the country’s energy sector.

Record-Breaking Financial Performance

In fiscal year 2025 (FY25), Action Energy experienced a remarkable 53% increase in revenue, reaching KWD 31.9 million. Meanwhile, its net profit surged by an astonishing 202%, amounting to KWD 5.7 million. Additionally, the company announced an Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of KWD 16.4 million, reflecting a 57% rise in operational performance. The Earnings Per Share (EPS) also increased notably to 14.35 fils, showcasing the firm’s capability to generate substantial shareholder value.

The remarkable growth was primarily driven by enhanced rig utilization, the ramp-up of oilfield services, and a string of recent contract awards aligned with Kuwait's upstream crude oil investment cycle. As the energy sector continues to recover, these financial indicators demonstrate the effectiveness of Action Energy's strategic priorities and operational strategies.

Future Outlook and Strategic Initiatives

Sheikh Mubarak Abdullah Al-Mubarak Al-Sabah, the Chairman of Action Energy Company, emphasized the firm’s commitment to its strategic objectives for 2026, underlining the importance of operational flexibility while supporting national oil companies. He highlighted that Action Energy is fully mobilized and ready to contribute positively to the ongoing recovery of the energy sector, reaffirming the company's dedication to Kuwait's long-term energy goals.

In light of the promising figures, Action Energy anticipates maintaining its upstream drilling operations without significant interruptions. The company boasts a remarkable backlog valued at KWD 321.5 million and has a robust pipeline of active onshore drilling contracts that are directly aligned with Kuwait's oil production roadmap.

Additionally, Action Energy is in the process of expanding its fleet, planning to increase the number of drilling rigs to 27, comprised of 20 fully operational rigs and 7 currently under construction. This strategic enhancement is intended to solidify its position as a crucial partner within Kuwait's national oil sector, recognized as a core OPEC producer.

To mitigate potential logistical risks, the company has proactively activated emergency response plans and established a strategic stockpile of critical spare parts. These measures underline Action Energy's resilience and commitment to delivering high-quality services and long-term value to all stakeholders, as the corporation closely monitors the energy market's dynamics.

Action Energy is distinguished as Kuwait's leading private service provider focused on onshore drilling and oilfield services. With a workforce comprising over 1,700 skilled professionals and 20 operational rigs across the region, the company specializes in providing comprehensive drilling, workover, and oilfield services that cater to the complete lifecycle of well processes. Partnering with global technology leaders such as KCA Deutag, CPVEN, COSL, Jereh, and Kerui, Action Energy serves Kuwait Oil Company and other local players effectively.

As we look ahead, Action Energy's strategic approach and committed workforce demonstrate the company's pivotal role in shaping the future of Kuwait's energy landscape, while continuing on its path of sustainable growth and innovation.