Kuwait CityMay 17, 2026 /PRNewswire/ — Action Energy Company K.S.C.P. (Bloomberg code: ALFTAQA.KK, Reuters code: ALFTAQA.KW) is a leading local cooperative enterprise in Kuwait’s integrated upstream services sector, owning and operating one of the region’s most modern drilling rig fleets. The company held its Annual General Meeting for the fiscal year 2025 on May 7, 2026. The General Meeting approved a cash dividend of 3 fils per share (3% of par value).
Action Energy Company FY2025 AGM
The company’s fiscal year 2025 results hit record highs, with revenue surging 53% to 31.9 million Kuwaiti dinars; net profit soared 202% to 5.7 million Kuwaiti dinars. EBITDA grew 57% to 16.4 million Kuwaiti dinars; earnings per share reached 14.35 fils. The performance improvement was driven by higher drilling rig utilization rates, expansion of oilfield service operations, and contract awards aligned with Kuwait’s upstream crude oil investment cycle.
Sheikh Mubarak Abdullah Al-Mubarak Al-Sabah, Chairman of Action Energy Company (AEC), stated: “Action Energy continues to focus on its 2026 strategic priorities while maintaining operational flexibility to support the national oil company, underpinned by a solid financial position, a healthy balance sheet, and a resilient business model. As a Kuwaiti operator committed to the nation’s long-term energy goals and a local integrated upstream service provider, the company is well-prepared to fully mobilize to support and contribute to the ongoing recovery of the energy sector.”
Outlook: AEC expects no significant disruption to its upstream drilling operations, based on its record order backlog of 321.5 million Kuwaiti dinars and a continuous contract reserve for onshore drilling closely tied to Kuwait’s crude oil production roadmap. The company is expanding its drilling rig fleet to 27 rigs (20 already operational, 7 under construction), solidifying its position as a strategic partner to Kuwait’s national oil sector, a core OPEC producer. The company continues to closely monitor the current situation while consistently focusing on delivering high-quality services and long-term value to stakeholders. Multiple measures have been implemented to mitigate potential logistics risks, including the early activation of emergency response plans and the strategic stockpiling of critical spare parts.
AEC is Kuwait’s leading private onshore drilling and oilfield services cooperative, owning and operating one of the region’s most modern and technologically advanced drilling rig fleets. With over 1,700 professionals, the company operates 20 drilling rigs across Kuwait, providing drilling, workover, and integrated oilfield services covering the full well lifecycle. Founded in 2015, AEC partners with global industry technology leaders such as KCA Deutag, CPVEN, COSL, Jereh, and Kerui, serving Kuwait Oil Company and other local enterprises.