ACICO INDUSTRIES CO.

ACICO Industries Co. (K.S.C)

ACICOStocksBoursa KuwaitMaterials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	75.64M	66.63M	68.24M	75.17M	74.99M
Cost of Revenue	63.97M	54.70M	57.59M	78.55M	64.90M
Gross Profit	11.67M	11.93M	10.66M	-3.38M	10.09M
SG&A	9.45M	10.04M	9.54M	8.72M	7.94M
Operating Expenses	5.78M	5.82M	5.27M	6.66M	3.72M
Operating Income	5.89M	6.11M	5.39M	-10.04M	6.38M
Interest Income	333.05K	459.88K	38.95K	9.25K	11.50K
Interest Expense	-7.29M	-15.52M	-15.32M	-11.25M	-8.30M
Other Income/Expense	1.23M	0.61M	1.47M	0.65M	0.67M
Pretax Income	2.91M	-11.16M	-6.15M	-46.40M	0.14M
Income Tax	48.10K	—	—	—	—
Net Income	2.87M	-7.71M	-3.82M	-40.71M	0.21M
EBITDA	9.62M	9.86M	9.25M	-5.88M	10.80M
EBIT	5.89M	6.11M	5.39M	-10.04M	6.38M
EPS (Basic)	0.01	-0.02	-0.01	-0.12	0.00
EPS (Diluted)	0.01	-0.02	-0.01	-0.12	0.00
Margins & Efficiency
Gross Margin %	+15.4%	+17.9%	+15.6%	-4.5%	+13.5%
EBITDA Margin %	+12.7%	+14.8%	+13.6%	-7.8%	+14.4%
Net Margin %	+3.8%	-11.6%	-5.6%	-54.2%	+0.3%
Revenue & Income
Revenue	75.64M	66.63M	68.24M	75.17M	74.99M
Revenue Growth (YoY)	+13.5%	-2.4%	-9.2%	+0.2%	+28.6%
Interest & Investment Income	333.05K	459.88K	38.95K	9.25K	11.50K
Earnings From Equity Investments	-383.29K	-505.60K	-353.43K	-14.72K	-45.12K
Gain (Loss) on Sale of Assets	-6.84M	0.99M	-3.71M	-0.10M	0.03M
Gain (Loss) on Sale of Investments	—	—	-617.45K	—	—
Expenses & Provisions
Cost of Revenue	63.97M	54.70M	57.59M	78.55M	64.90M
Selling, General & Admin	9.45M	10.04M	9.54M	8.72M	7.94M
Operating Expenses	5.78M	5.82M	5.27M	6.66M	3.72M
Other Operating Expenses	-3.79M	-4.40M	-4.71M	-2.48M	-4.71M
Interest Expense	-7.29M	-15.52M	-15.32M	-11.25M	-8.30M
Other Non Operating Income (Expenses)	1.23M	0.61M	1.47M	0.65M	0.67M
Legal Settlements	7.60M	-0.53M	-0.52M	-6.45M	1.31M
Asset Writedown	-6.84M	-1.52M	7.46M	-19.61M	0.10M
Impairment of Goodwill	-0.53M	-4.53M	—	—	—
D&A For EBITDA	3.74M	3.76M	3.86M	4.16M	4.43M
Profitability & Returns
Gross Profit	11.67M	11.93M	10.66M	-3.38M	10.09M
Gross Margin	+15.4%	+17.9%	+15.6%	-4.5%	+13.5%
EBIT	5.89M	6.11M	5.39M	-10.04M	6.38M
EBIT Margin	+7.8%	+9.2%	+7.9%	-13.4%	+8.5%
EBITDA	9.62M	9.86M	9.25M	-5.88M	10.80M
EBITDA Margin	+12.7%	+14.8%	+13.6%	-7.8%	+14.4%
EBT Excluding Unusual Items	-0.23M	-8.84M	-8.78M	-20.65M	-1.29M
Pretax Income	2.91M	-11.16M	-6.15M	-46.40M	0.14M
Operating Income	5.89M	6.11M	5.39M	-10.04M	6.38M
Operating Margin	+7.8%	+9.2%	+7.9%	-13.4%	+8.5%
Profit Margin	+3.8%	-11.6%	-5.6%	-54.2%	+0.3%
Net Income	2.87M	-7.71M	-3.82M	-40.71M	0.21M
Net Income to Common	2.87M	-7.71M	-3.82M	-40.71M	0.21M
Net Income to Company	2.86M	-11.16M	-6.15M	-46.40M	0.14M
Earnings From Continuing Ops.	2.86M	-11.16M	-6.15M	-46.40M	0.14M
Minority Interest in Earnings	0.01M	3.44M	2.33M	5.69M	0.06M
Income Tax Expense	48.10K	—	—	—	—
Effective Tax Rate	+1.7%	—	—	—	—
Per Share & Capital
EPS (Basic)	0.01	-0.02	-0.01	-0.12	0.00
EPS (Diluted)	0.01	-0.02	-0.01	-0.12	0.00
Shares Change (YoY)	—	—	—	0	-0
Shares Outstanding (Basic)	330.46M	330.46M	330.46M	330.46M	329.75M
Shares Outstanding (Diluted)	330.46M	330.46M	330.46M	330.46M	329.75M
Free Cash Flow	7.14M	7.04M	12.36M	12.08M	16.45M
Free Cash Flow Margin	+9.4%	+10.6%	+18.1%	+16.1%	+21.9%
Free Cash Flow Per Share	0.02	0.02	0.04	0.04	0.05
Payout Ratio	—	—	—	—	+22.8%
Supplemental
Other Unusual Items	9.74M	3.28M	0.02M	0.41M	0.00M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	75.64M	66.63M	68.24M	75.17M	74.99M
Cost of Revenue	63.97M	54.70M	57.59M	78.55M	64.90M
Gross Profit	11.67M	11.93M	10.66M	-3.38M	10.09M
SG&A	9.45M	10.04M	9.54M	8.72M	7.94M
Operating Expenses	5.78M	5.82M	5.27M	6.66M	3.72M
Operating Income	5.89M	6.11M	5.39M	-10.04M	6.38M
Interest Income	333.05K	459.88K	38.95K	9.25K	11.50K
Interest Expense	-7.29M	-15.52M	-15.32M	-11.25M	-8.30M
Other Income/Expense	1.23M	0.61M	1.47M	0.65M	0.67M
Pretax Income	2.91M	-11.16M	-6.15M	-46.40M	0.14M
Income Tax	48.10K	—	—	—	—
Net Income	2.87M	-7.71M	-3.82M	-40.71M	0.21M
EBITDA	9.62M	9.86M	9.25M	-5.88M	10.80M
EBIT	5.89M	6.11M	5.39M	-10.04M	6.38M
EPS (Basic)	0.01	-0.02	-0.01	-0.12	0.00
EPS (Diluted)	0.01	-0.02	-0.01	-0.12	0.00
Margins & Efficiency
Gross Margin %	+15.4%	+17.9%	+15.6%	-4.5%	+13.5%
EBITDA Margin %	+12.7%	+14.8%	+13.6%	-7.8%	+14.4%
Net Margin %	+3.8%	-11.6%	-5.6%	-54.2%	+0.3%
Revenue & Income
Revenue	75.64M	66.63M	68.24M	75.17M	74.99M
Revenue Growth (YoY)	+13.5%	-2.4%	-9.2%	+0.2%	+28.6%
Interest & Investment Income	333.05K	459.88K	38.95K	9.25K	11.50K
Earnings From Equity Investments	-383.29K	-505.60K	-353.43K	-14.72K	-45.12K
Gain (Loss) on Sale of Assets	-6.84M	0.99M	-3.71M	-0.10M	0.03M
Gain (Loss) on Sale of Investments	—	—	-617.45K	—	—
Expenses & Provisions
Cost of Revenue	63.97M	54.70M	57.59M	78.55M	64.90M
Selling, General & Admin	9.45M	10.04M	9.54M	8.72M	7.94M
Operating Expenses	5.78M	5.82M	5.27M	6.66M	3.72M
Other Operating Expenses	-3.79M	-4.40M	-4.71M	-2.48M	-4.71M
Interest Expense	-7.29M	-15.52M	-15.32M	-11.25M	-8.30M
Other Non Operating Income (Expenses)	1.23M	0.61M	1.47M	0.65M	0.67M
Legal Settlements	7.60M	-0.53M	-0.52M	-6.45M	1.31M
Asset Writedown	-6.84M	-1.52M	7.46M	-19.61M	0.10M
Impairment of Goodwill	-0.53M	-4.53M	—	—	—
D&A For EBITDA	3.74M	3.76M	3.86M	4.16M	4.43M
Profitability & Returns
Gross Profit	11.67M	11.93M	10.66M	-3.38M	10.09M
Gross Margin	+15.4%	+17.9%	+15.6%	-4.5%	+13.5%
EBIT	5.89M	6.11M	5.39M	-10.04M	6.38M
EBIT Margin	+7.8%	+9.2%	+7.9%	-13.4%	+8.5%
EBITDA	9.62M	9.86M	9.25M	-5.88M	10.80M
EBITDA Margin	+12.7%	+14.8%	+13.6%	-7.8%	+14.4%
EBT Excluding Unusual Items	-0.23M	-8.84M	-8.78M	-20.65M	-1.29M
Pretax Income	2.91M	-11.16M	-6.15M	-46.40M	0.14M
Operating Income	5.89M	6.11M	5.39M	-10.04M	6.38M
Operating Margin	+7.8%	+9.2%	+7.9%	-13.4%	+8.5%
Profit Margin	+3.8%	-11.6%	-5.6%	-54.2%	+0.3%
Net Income	2.87M	-7.71M	-3.82M	-40.71M	0.21M
Net Income to Common	2.87M	-7.71M	-3.82M	-40.71M	0.21M
Net Income to Company	2.86M	-11.16M	-6.15M	-46.40M	0.14M
Earnings From Continuing Ops.	2.86M	-11.16M	-6.15M	-46.40M	0.14M
Minority Interest in Earnings	0.01M	3.44M	2.33M	5.69M	0.06M
Income Tax Expense	48.10K	—	—	—	—
Effective Tax Rate	+1.7%	—	—	—	—
Per Share & Capital
EPS (Basic)	0.01	-0.02	-0.01	-0.12	0.00
EPS (Diluted)	0.01	-0.02	-0.01	-0.12	0.00
Shares Change (YoY)	—	—	—	0	-0
Shares Outstanding (Basic)	330.46M	330.46M	330.46M	330.46M	329.75M
Shares Outstanding (Diluted)	330.46M	330.46M	330.46M	330.46M	329.75M
Free Cash Flow	7.14M	7.04M	12.36M	12.08M	16.45M
Free Cash Flow Margin	+9.4%	+10.6%	+18.1%	+16.1%	+21.9%
Free Cash Flow Per Share	0.02	0.02	0.04	0.04	0.05
Payout Ratio	—	—	—	—	+22.8%
Supplemental
Other Unusual Items	9.74M	3.28M	0.02M	0.41M	0.00M