• AEC has delivered consistent financial growth, supported by high-margin operations and disciplined cost management. Between 2022 and 2024, revenues grew from approximately KWD 13 million to KWD 21 million.  
  • The Company has maintained EBITDA margins above 45% since 2022, reaching 52% in H1 2025, well above the regional peer median of approximately 42% (avg. ’22-’24). This margin strength reflects the efficiency of AEC’s young fleet, lean overhead structure, and efficient operations with minimal downtime (<1%). 
  • The Company maintains a conservative capital structure, with a Total Backlog-to-net debt ratio of 4.7x and a target debt-to-equity ratio below 1.25 as of H1 2025. This combination of consistent growth, high margins, strong free cash flow generation, and conservative leverage provides a robust foundation for sustainable shareholder value creation.