ALSAFAT INVESTMENT COMPANY

Al Safat Investment Co. KSCC

ALSAFATStocksBoursa KuwaitReal Estate

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
Operations
Operating Cash Flow	5.69M	-0.96M	-2.04M	-0.73M	0.31M
Free Cash Flow	5.39M	-1.14M	-2.06M	-1.24M	0.20M
Capital Expenditures	-0.30M	-0.18M	-0.02M	-0.51M	-0.11M
Investing & Financing
Investing Cash Flow	-2.44M	0.69M	2.91M	0.85M	-1.18M
Financing Cash Flow	-2.06M	0.15M	-0.29M	-0.64M	-0.47M
Dividends Paid	-1.33M	—	—	—	—
Share Repurchase	—	-9	—	—	—
Operating Activities
Operating Cash Flow	5.69M	-0.96M	-2.04M	-0.73M	0.31M
Net Income	5.60M	0.22M	1.04M	0.19M	1.44M
Change in Accounts Receivable	0.32M	-1.06M	0.49M	-0.13M	0.09M
Change in Inventory	-55.70K	-5.31K	-128.84K	146.99K	-101.42K
Change in Other Net Operating Assets	-0.58M	-0.19M	-1.71M	0.03M	-0.38M
Change in Working Capital	-0.31M	-1.25M	-1.36M	0.04M	-0.14M
Other Operating Activities	-0.56M	-0.60M	-7.77M	-2.26M	-0.19M
Provision & Write-off of Bad Debts	0.09M	0.12M	0.09M	-0.08M	-0.24M
Depreciation & Amortization	454.80K	547.30K	604.09K	407.37K	464.20K
Loss (Gain) on Equity Investments	-0.05M	0.04M	1.06M	-0.10M	-0.89M
Asset Writedown & Restructuring Costs	0.45M	-0.12M	5.07M	1.32M	0.11M
Investing Activities
Investing Cash Flow	-2.44M	0.69M	2.91M	0.85M	-1.18M
Capital Expenditures	-0.30M	-0.18M	-0.02M	-0.51M	-0.11M
Cash Acquisitions	—	—	2.96M	—	—
Divestitures	-168.68K	—	—	—	—
Investment in Securities	-2.47M	-0.02M	0.04M	0.29M	0.26M
Other Investing Activities	490.50K	893.52K	99.10K	207.95K	206.06K
Sale (Purchase) of Intangibles	—	—	—	—	—
Sale (Purchase) of Real Estate	—	-0.01M	-0.17M	0.84M	-1.57M
Sale of Property, Plant & Equipment	—	—	0.09K	29.24K	30.77K
Loss (Gain) From Sale of Assets	6.44K	-331.05K	-0.09K	-1.08K	—
Loss (Gain) on Sale of Investments	—	—	-17.76K	-3.30K	-11.39K
Financing Activities
Financing Cash Flow	-2.06M	0.15M	-0.29M	-0.64M	-0.47M
Common Dividends Paid	-1.33M	—	—	—	—
Issuance of Common Stock	—	766.04K	—	—	—
Repurchase of Common Stock	—	-9	—	—	—
Short-Term Debt Issued	—	142.58K	341.50K	—	68.50K
Total Debt Issued	—	142.58K	341.50K	—	68.50K
Long-Term Debt Repaid	-725.18K	-762.99K	-632.37K	-553.68K	-509.11K
Short-Term Debt Repaid	—	—	—	-115.34K	—
Total Debt Repaid	-725.18K	-762.99K	-632.37K	-669.02K	-509.11K
Net Debt Issued (Repaid)	-725.18K	-620.41K	-290.87K	-669.02K	-440.62K
Other Financing Activities	—	—	—	30.97K	-30.97K
Free Cash Flow & Returns
Free Cash Flow	5.39M	-1.14M	-2.06M	-1.24M	0.20M
Free Cash Flow Margin	+107.7%	-31.2%	-105.9%	-36.3%	+3.7%
Free Cash Flow Per Share	0.02	-0.00	-0.01	-0.01	0.00
Levered Free Cash Flow	1.55M	2.90M	-0.01M	-4.99M	1.74M
Unlevered Free Cash Flow	1.72M	3.10M	0.17M	-4.87M	1.88M
Operating Cash Flow Growth	—	—	—	—	-44.5%
Net Cash Flow	1.24M	-0.02M	0.86M	-0.29M	-1.10M
Foreign Exchange Rate Adjustments	47.64K	105.38K	274.27K	220.96K	243.88K

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
Operations
Operating Cash Flow	5.69M	-0.96M	-2.04M	-0.73M	0.31M
Free Cash Flow	5.39M	-1.14M	-2.06M	-1.24M	0.20M
Capital Expenditures	-0.30M	-0.18M	-0.02M	-0.51M	-0.11M
Investing & Financing
Investing Cash Flow	-2.44M	0.69M	2.91M	0.85M	-1.18M
Financing Cash Flow	-2.06M	0.15M	-0.29M	-0.64M	-0.47M
Dividends Paid	-1.33M	—	—	—	—
Share Repurchase	—	-9	—	—	—
Operating Activities
Operating Cash Flow	5.69M	-0.96M	-2.04M	-0.73M	0.31M
Net Income	5.60M	0.22M	1.04M	0.19M	1.44M
Change in Accounts Receivable	0.32M	-1.06M	0.49M	-0.13M	0.09M
Change in Inventory	-55.70K	-5.31K	-128.84K	146.99K	-101.42K
Change in Other Net Operating Assets	-0.58M	-0.19M	-1.71M	0.03M	-0.38M
Change in Working Capital	-0.31M	-1.25M	-1.36M	0.04M	-0.14M
Other Operating Activities	-0.56M	-0.60M	-7.77M	-2.26M	-0.19M
Provision & Write-off of Bad Debts	0.09M	0.12M	0.09M	-0.08M	-0.24M
Depreciation & Amortization	454.80K	547.30K	604.09K	407.37K	464.20K
Loss (Gain) on Equity Investments	-0.05M	0.04M	1.06M	-0.10M	-0.89M
Asset Writedown & Restructuring Costs	0.45M	-0.12M	5.07M	1.32M	0.11M
Investing Activities
Investing Cash Flow	-2.44M	0.69M	2.91M	0.85M	-1.18M
Capital Expenditures	-0.30M	-0.18M	-0.02M	-0.51M	-0.11M
Cash Acquisitions	—	—	2.96M	—	—
Divestitures	-168.68K	—	—	—	—
Investment in Securities	-2.47M	-0.02M	0.04M	0.29M	0.26M
Other Investing Activities	490.50K	893.52K	99.10K	207.95K	206.06K
Sale (Purchase) of Intangibles	—	—	—	—	—
Sale (Purchase) of Real Estate	—	-0.01M	-0.17M	0.84M	-1.57M
Sale of Property, Plant & Equipment	—	—	0.09K	29.24K	30.77K
Loss (Gain) From Sale of Assets	6.44K	-331.05K	-0.09K	-1.08K	—
Loss (Gain) on Sale of Investments	—	—	-17.76K	-3.30K	-11.39K
Financing Activities
Financing Cash Flow	-2.06M	0.15M	-0.29M	-0.64M	-0.47M
Common Dividends Paid	-1.33M	—	—	—	—
Issuance of Common Stock	—	766.04K	—	—	—
Repurchase of Common Stock	—	-9	—	—	—
Short-Term Debt Issued	—	142.58K	341.50K	—	68.50K
Total Debt Issued	—	142.58K	341.50K	—	68.50K
Long-Term Debt Repaid	-725.18K	-762.99K	-632.37K	-553.68K	-509.11K
Short-Term Debt Repaid	—	—	—	-115.34K	—
Total Debt Repaid	-725.18K	-762.99K	-632.37K	-669.02K	-509.11K
Net Debt Issued (Repaid)	-725.18K	-620.41K	-290.87K	-669.02K	-440.62K
Other Financing Activities	—	—	—	30.97K	-30.97K
Free Cash Flow & Returns
Free Cash Flow	5.39M	-1.14M	-2.06M	-1.24M	0.20M
Free Cash Flow Margin	+107.7%	-31.2%	-105.9%	-36.3%	+3.7%
Free Cash Flow Per Share	0.02	-0.00	-0.01	-0.01	0.00
Levered Free Cash Flow	1.55M	2.90M	-0.01M	-4.99M	1.74M
Unlevered Free Cash Flow	1.72M	3.10M	0.17M	-4.87M	1.88M
Operating Cash Flow Growth	—	—	—	—	-44.5%
Net Cash Flow	1.24M	-0.02M	0.86M	-0.29M	-1.10M
Foreign Exchange Rate Adjustments	47.64K	105.38K	274.27K	220.96K	243.88K