Mubasher: Ithmaar Holding, listed on both DFM and Bahrain Bourse, suffered accumulated losses of $827.64 million, equivalent to 109% of its paid-up capital, as of 31 December 2025 during which the fourth quarter (Q4) ends.
The company noted that the accumulated losses decreased by $1.01 million in 2025 mainly due to net profit attributable to shareholders, according to a bourse filing.
Ithmaar Holding has executed several steps and initiatives to address the accumulated losses, including cancellation of accumulated losses against share capital as well as the issuance of additional share capital through a rights issue of up to $100 million to existing shareholders, subject to regulatory and shareholder approvals.
Other procedures included focusing on recovery of financing exposures by way of sale and realization of underlying collateral in addition to a development of a restructuring plan, with the assistance of external consultants, to further enhance financial position and support long-term value creation.
Recent years, however, have seen gradual improvements supported by shareholder-attributable profits.
The accumulated losses before reorganization accounted for 68.8% of the paid-up capital in December 2016, which represented mainly impairment provisions resulting from non-core investments as a result of the financial crises.
During 2025, Ithmaar Holding recorded $27.12 million in net profits, compared to $33.71 million a year earlier.
