• The Company has maintained strong EBITDA margins above 45% since 2022, reaching 52% in H1 2025, well above the regional peer median of approximately 42%. This margin strength reflects the efficiency of AEC’s young fleet, lean overhead structure and the growing contribution of higher-margin oilfield services. 
  • For the year ended 2024, AEC generated revenues of KWD 20.8 million and Adjusted EBITDA of KWD 10.2 million, representing a margin of 49.0%. 
    • For the six months ended 30 June 2025, the Company generated revenues of KWD 13.5 million and Adjusted EBITDA of KWD 7.0 million, with a margin of 51.9%. 
  • This financial performance reflects efficient operations, lean overheads, and the contribution of higher-margin oilfield services.