PADICO’s Financial Results for The First Quarter of 2025
Rawabi, 14 May 2025
PADICO disclosed its consolidated financial results and statements for the first quarter of 2025, reporting a net profit attributable to its shareholders of $6.2 million, compared to $4.9 million for the same period of 2024, an increase of 26%.
This growth in PADICO’s financial performance is attributed to the improved operational results of its subsidiaries and affiliates during the quarter, despite the ongoing aggression on the Gaza Strip, which led to the suspension of operations in Gaza, as well as the escalating repercussions in the West Bank.
As for the company’s financial position, consolidated assets stood at $776.5 million at the end of the first quarter of the current year, while consolidated equity amounted to $469.7 million, of which $406.5 million are attributable to PADICO’s shareholders.
Palestine Development and Investment Company (PADICO) is a public shareholding company investing in various key economic sectors in Palestine including telecommunications and information technology, real estate, finance, industry and agriculture, tourism, infrastructure, and energy.
