Agility

Sector : Logistics

Country : Kuwait

Agility, headquartered in Kuwait, has solidified its status as a leading logistics and infrastructure enterprise within the Gulf Cooperation Council (GCC). Established in 1979, Agility has expanded its global footprint across six continents, employing over 65,000 individuals.

The company is publicly traded on the Kuwait Stock Exchange and the Dubai Financial Market. The company reported Q1 2025 net income of KD11.6m, equivalent to 4.65 fils per share. EBITDA stood at KD67.6m on revenue of KD389m. In 2024, Agility reported a net profit of KD63m, equivalent to 25.07 fils per share, with revenues reaching KD1.52bn, marking a 13 per cent increase from the previous year.

The company’s EBITDA stood at KD277m, reflecting a 7.8 per cent growth. These figures underscore Agility’s strategic focus on supply chain services, infrastructure, and innovation. Agility’s diverse portfolio includes several key subsidiaries. Menzies Aviation, the world’s largest aviation services provider by number of countries served, operates in over 65 countries and 300 airports.

In 2024, Menzies reported revenues of $2.6bn, a 20 per cent year-on-year increase, driven by expansion into new markets such as Portugal, Hong Kong, Angola, and Malaysia. The company handled more than 4.8 million flights, served over 250 million passengers and managed 2.4 million tonnes of cargo.

Tristar, a global leader in fuel and chemical logistics, continued its strong performance in 2024. The company reported revenues of $1.2bn, an 11.8 per cent increase compared to the previous year. This growth was primarily driven by the commencement of its retail fuel business in Sri Lanka, where Tristar received a license to operate 150 Shell-branded fuel stations for a 20 year period.

Agility Logistics Parks (ALP), a leading developer of warehouse parks and light industrial facilities, reported revenues of $52m in 2024, a 13.2 per cent increase from the previous year. ALP’s growth was particularly notable in Saudi Arabia, where it commenced construction of a logistics park in Jeddah and announced the development of over 100,000 square metres of warehousing space in Riyadh. In addition to its operating subsidiaries, Agility holds significant minority investments.

The company owns a 9 per cent stake in DSV, the world’s thirdlargest freight forwarder, making it one of DSV’s largest shareholders. It also has a stake in Reem Mall in Abu Dhabi. Agility’s strategic focus on infrastructure, innovation, and emerging markets has solidified its position as a cornerstone of the GCC’s logistics and supply chain sector.