
Heavy Engineering Industries and Shipbuilding
SHIP • Kuwait Boursa
Sector
Industrials
Last Updated
9/3/2026
About SHIP
Heavy Engineering Industries and Shipbuilding Company K.S.C.P., together with its subsidiaries, operates as an engineering, procurement, and construction contracting company in Kuwait. It operates in three segments: Industrial, Oil & Gas; Shipyard; and Offshore. The company is involved in the construction and repair of ships; marine, industrial, installation, and maintenance works related to ships, waterways, and ports; trading in equipment, spare parts, and industrial consumables; acting as an agent for trading agencies; industrial inspection works and radiation services; and maintenance, repair, and public services for transport lines, oil and gas tankers, refineries, factories, and annexes, as well as projects and stations of electrical power generation and distribution, water sources, and water and electricity establishments safety. It also supplies, installs, and maintains safety equipment and security systems; provides, installs, and maintains establishments, equipment, machinery, and devices, as well as supplies specialized technical manpower for works related to the electricity, water, oil, and environment sectors; undertakes contract works for laying and installation of pipes, and fine cutting works through using plasma and water; engages in sandblasting, paint and fixed, mobile scaffolds, and welding; provides galvanization works; acquires movables and real estate; and owns intellectual property rights comprising patents, trademarks, and franchise rights. In addition, the company engages in dredging, marine, and civil construction activities; shipyard, oil and gas construction, industrial maintenance, fabrication service, and onshore and offshore operations; electrical and mechanical works; diving and afloat/port repairs; and testing and calibration services. Heavy Engineering Industries and Shipbuilding Company K.S.C.P. was incorporated in 1974 and is headquartered in Kuwait City, Kuwait.
Headquarters
Kuwait City, Kuwait
Industry
Industrials
Exchange
Boursa Kuwait
Key Metrics
Stock & Valuation
Profitability
Returns
Financial Health
SHIP annual financials
Heavy Engineering Industries and Shipbuilding — revenue, net profit, assets, equity and earnings per share, 2020–2025. Source: audited annual reports filed to Boursa Kuwait.
| Year | Revenue | Net profit | Total assets | Equity | EPS |
|---|---|---|---|---|---|
| 2025 | KD 205.8m | KD 9.8m | KD 239.3m | KD 81.2m | 54.5 fils |
| 2024 | KD 163.1m | KD 9.1m | KD 204.6m | KD 77.6m | 50.4 fils |
| 2023 | KD 146.9m | KD 7.1m | KD 183.8m | KD 74.0m | 39.4 fils |
| 2022 | KD 123.7m | KD 5.6m | KD 176.6m | KD 70.7m | 31.2 fils |
| 2021 | KD 128.6m | KD 6.4m | KD 167.7m | KD 68.8m | 35.4 fils |
| 2020 | KD 152.7m | KD 9.2m | KD 188.2m | KD 66.1m | 50.8 fils |
Latest earnings call — Q2 2026
Heavy Engineering Industries and Shipbuilding analyst conference, 18 August 2026
HEISCO delivered a severe bottom-line miss in Q2 2026 despite top-line expansion, driven by acute margin compression in Saudi Arabia and regional geopolitical disruptions. While revenue grew 17% QoQ (+5% YoY) to KWD 55.0m, net profit collapsed 46% QoQ (-40% YoY) to KWD 1.27m due to site shutdowns, poor labor productivity, surging finance costs, and unbilled working capital drag. The thesis shifts defensively: backlog is near record highs at KWD 854m (with line of sight to >KWD 1B), but operational conversion and cash realization are deteriorating, meaning top-line growth is currently margin-dilutive.
Full brief: numbers that matter, guidance, analyst pushback, risks · ~500 words
Sign up free to readDividend History
Latest DPS
0.025 KD
Year 2025
Dividend Yield
3.97%
Annual
Avg DPS
0.024 KD
9 years
Growth
+400.0%
9 years
Recent Payments
0.025 KD
Paid 5/7/2026
0.035 KD
Paid 5/20/2025
0.030 KD
Paid 5/21/2024