Amman, August 10 (Petra) – The half-year financial results of companies listed on the Amman Stock Exchange (ASE) have underscored the resilience and flexibility of the national economy and its capacity to convert challenges into opportunities.
Several key sectors posted notable profit growth, supported by an improved operating environment, monetary stability, and continued government reforms, developments that signal a qualitative shift in the investment climate and strengthen the Jordanian financial market’s appeal regionally and internationally.
According to ASE data, after-tax profits attributable to shareholders of public shareholding companies that disclosed their financial statements rose to $1.5 billion, compared to $1.3 billion during the first half of 2024, marking a 9.4 percent increase. Pre-tax profits for these companies reached $2.171 billion in the first half of 2025, up from $2 billion in the corresponding period of 2024, an increase of 7 percent. Sector-specific after-tax profits grew by 12.5 percent in the financial sector, 5.3 percent in services, and 4.6 percent in industry.
ASE Chief Executive Officer Mazen Wathaifi said in a statement to the Jordan News Agency (Petra) that the announced results reflect robust performance and clearly indicate the national economy’s strength and adaptability. He noted that the number of profitable companies increased to 104, compared to 69 in the same period last year, pointing to a tangible improvement across various economic sectors.
Wathaifi highlighted the ASE’s 17.1 percent rise in the general index and a 26.6 percent increase in the total return index by the end of July compared to the start of the year. Market capitalization climbed by $6.5 billion to reach approximately $34 billion, a 26 percent increase since January. Daily trading volumes averaged around $15 million, indicating growing investor confidence in the market’s stability and prospects.
He said the performance of listed companies, particularly in banking, industrial, and services, has positively influenced macroeconomic indicators, boosting tax revenues, enhancing the state’s capacity to service public debt, and increasing development and public service spending. He added that these gains support competitiveness, create job opportunities, improve the balance of payments, and increase exports, while higher profits stimulate consumption and investment through cash dividends.
Wathaifi stressed the importance of timely and transparent financial disclosures, adherence to corporate governance standards, and the establishment of specialized investor relations units to build stakeholder confidence. He said the ASE’s performance mirrors broader economic developments and reflects the government’s implementation of economic modernization and development programs.
For sustained growth, Wathaifi called for coordinated action between companies, investors, the government, and regulators to consolidate gains and achieve sustainable development.
Meanwhile, Dr. Omar Gharaibeh, Professor of Finance at Al al-Bayt University, said the strong performance was the result of integrated factors that improved the operational and economic environment despite volatile regional and global conditions.
He identified seven key drivers: enhanced operational activity; lower global oil prices reducing production and transport costs; administrative restructuring and efficient production methods; cost control and digital transformation; higher returns from investments in securities, real estate, and joint ventures; a stable dinar, low inflation, and strong tourism and remittances; and sectoral opportunities in banking, mining, pharmaceuticals, and energy, aided by government incentives.
Gharaibeh also cited a favorable legislative and regulatory framework, effective risk management, diversification of revenue streams, and a gradual shift toward renewable energy. He noted that the adoption of solar power in energy-intensive industries, including manufacturing, cement, pharmaceuticals, agriculture, and hospitality, has significantly lowered operational costs amid rising conventional electricity prices.
//Petra// AJ
10/08/2025 14:43:17
