Page 85 - JTC-Annual Report-2025-Eng
P. 85
JTC Logistics Transportation & Stevedoring Company K.S.C.P
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
As at December 31, 2025
(All amounts are in Kuwaiti Dinars)
15. VOLUNTARY RESERVE
As required by the Parent Company’s Articles of Association, 10% of the profit for the year
attributable to shareholders of the Parent Company before contribution to KFAS, NLST, Zakat
and Board of Director’s remuneration is to be transferred to voluntary reserve. Such transfer
may be discontinued by a resolution at the Shareholder’s Annual General Assembly, upon
recommendation by the Board of Directors. There is no transfer to voluntary reserve during the
year.
16. OPERATING REVENUE
Set out below is the disaggregation of the Group’s revenue from contracts with customers based
on type of services and timing:
2025 2024
Equipment leasing 14,633,484 12,919,900
Ports management 11,527,501 9,990,730
Contract logistics 4,412,898 4,161,833
Warehousing leasing 1,926,734 1,436,150
32,500,617 28,508,613
Timing of revenue recognition: 2025 2024
Services transferred over time 32,500,617 28,508,613
Total revenue from contracts with customers 32,500,617 28,508,613
Geographical markets:
State of Kuwait 27,760,417 24,171,968
Saudi Arabia 3,167,748 2,406,997
State of Qatar 1,572,452 1,929,648
Total revenue from contracts with customers 32,500,617 28,508,613
82 JTC LogisTiCs TransporTaTion & sTevedoring Company K.s.C.p.
