Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual (KWD)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Assets
Cash & Equivalents	5.95M	3.81M	6.76M	9.44M	11.51M
Receivables	12.15M	8.55M	6.66M	7.42M	7.32M
PP&E	3.00M	3.22M	3.29M	3.41M	3.59M
Intangible Assets	—	—	—	58.36K	66.84K
Total Assets	384.86M	283.20M	209.66M	193.59M	196.18M
Liabilities
Long-Term Debt	34.53M	19.98M	21.13M	21.42M	18.81M
Total Debt	69.21M	43.74M	24.93M	28.70M	21.50M
Total Liabilities	83.30M	55.99M	37.74M	36.99M	30.90M
Equity & Ownership
Retained Earnings	71.81M	26.80M	11.20M	9.14M	5.91M
Total Equity	301.56M	227.21M	171.92M	156.60M	165.28M
Net Debt	53.28M	12.83M	7.54M	8.09M	3.70M
Shares Outstanding	960,703,827	960,661,865	942,642,359	928,695,309	936,571,506
Cash & Assets
Total Assets	384.86M	283.20M	209.66M	193.59M	196.18M
Cash & Equivalents	5.95M	3.81M	6.76M	9.44M	11.51M
Net Cash (Debt)	-53.28M	-12.83M	-7.54M	-8.09M	-3.70M
Net Cash Per Share	-0.06	-0.01	-0.01	-0.01	-0.00
Other Receivables	12.15M	8.55M	6.66M	7.42M	7.32M
Restricted Cash	—	—	—	—	—
Property, Plant & Equipment	3.00M	3.22M	3.29M	3.41M	3.59M
Other Intangible Assets	—	—	—	58.36K	66.84K
Other Current Assets	21.11M	20.99M	11.82M	19.38M	22.80M
Other Long-Term Assets	64.83M	45.78M	34.31M	2.90M	6.70M
Long-Term Leases	37.68K	63.82K	0.32K	23.79K	45.33K
Loans & Investments
Trading Asset Securities	9.97M	27.10M	10.63M	11.17M	6.30M
Long-Term Investments	264.83M	171.07M	133.91M	137.82M	135.65M
Liabilities & Obligations
Total Liabilities	83.30M	55.99M	37.74M	36.99M	30.90M
Total Liabilities & Equity	384.86M	283.20M	209.66M	193.59M	196.18M
Accounts Payable Fin	290.72K	145.37K	153.76K	276.94K	156.63K
Accrued Expenses	2.72M	3.90M	3.79M	1.28M	1.00M
Current Income Taxes Payable	4.20M	3.37M	3.09M	2.91M	2.86M
Other Current Liabilities	—	—	—	—	—
Other Liab Lt Fin	4.69M	2.94M	3.97M	2.07M	3.78M
Pension & Post-Retirement Benefits	2.19M	1.89M	1.80M	1.75M	1.59M
Debt & Funding
Long-Term Debt	34.53M	19.98M	21.13M	21.42M	18.81M
Total Debt	69.21M	43.74M	24.93M	28.70M	21.50M
Current Portion of Long-Term Debt	34.64M	23.70M	3.79M	7.25M	2.64M
Equity & Book Value
Shareholders' Equity	301.56M	227.21M	171.92M	156.60M	165.28M
Total Common Equity	223.72M	172.29M	131.78M	115.22M	120.81M
Common Stock	90.74M	86.42M	83.10M	83.10M	80.29M
Additional Paid-In Capital	9.36M	9.36M	9.36M	9.36M	9.36M
Retained Earnings	71.81M	26.80M	11.20M	9.14M	5.91M
Comprehensive Income & Other	52.14M	49.95M	29.64M	16.16M	26.73M
Minority Interest	77.84M	54.92M	40.14M	41.39M	44.48M
Book Value Per Share	0.23	0.18	0.14	0.12	0.13
Tangible Book Value	223.72M	172.29M	131.78M	115.16M	120.74M
Tangible Book Value Per Share	0.23	0.18	0.14	0.12	0.13
Filing Date Shares Outstanding	960.70M	960.66M	942.64M	928.70M	936.57M
Total Common Shares Outstanding	960.70M	960.66M	942.64M	928.70M	936.57M
Working Capital	10.34M	32.00M	27.32M	37.67M	43.51M
Supplemental
Loans Lease Receivables	1.14M	0.76M	0.86M	0.68M	0.96M

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
Assets
Cash & Equivalents	5.95M	3.81M	6.76M	9.44M	11.51M
Receivables	12.15M	8.55M	6.66M	7.42M	7.32M
PP&E	3.00M	3.22M	3.29M	3.41M	3.59M
Intangible Assets	—	—	—	58.36K	66.84K
Total Assets	384.86M	283.20M	209.66M	193.59M	196.18M
Liabilities
Long-Term Debt	34.53M	19.98M	21.13M	21.42M	18.81M
Total Debt	69.21M	43.74M	24.93M	28.70M	21.50M
Total Liabilities	83.30M	55.99M	37.74M	36.99M	30.90M
Equity & Ownership
Retained Earnings	71.81M	26.80M	11.20M	9.14M	5.91M
Total Equity	301.56M	227.21M	171.92M	156.60M	165.28M
Net Debt	53.28M	12.83M	7.54M	8.09M	3.70M
Shares Outstanding	960,703,827	960,661,865	942,642,359	928,695,309	936,571,506
Cash & Assets
Total Assets	384.86M	283.20M	209.66M	193.59M	196.18M
Cash & Equivalents	5.95M	3.81M	6.76M	9.44M	11.51M
Net Cash (Debt)	-53.28M	-12.83M	-7.54M	-8.09M	-3.70M
Net Cash Per Share	-0.06	-0.01	-0.01	-0.01	-0.00
Other Receivables	12.15M	8.55M	6.66M	7.42M	7.32M
Restricted Cash	—	—	—	—	—
Property, Plant & Equipment	3.00M	3.22M	3.29M	3.41M	3.59M
Other Intangible Assets	—	—	—	58.36K	66.84K
Other Current Assets	21.11M	20.99M	11.82M	19.38M	22.80M
Other Long-Term Assets	64.83M	45.78M	34.31M	2.90M	6.70M
Long-Term Leases	37.68K	63.82K	0.32K	23.79K	45.33K
Loans & Investments
Trading Asset Securities	9.97M	27.10M	10.63M	11.17M	6.30M
Long-Term Investments	264.83M	171.07M	133.91M	137.82M	135.65M
Liabilities & Obligations
Total Liabilities	83.30M	55.99M	37.74M	36.99M	30.90M
Total Liabilities & Equity	384.86M	283.20M	209.66M	193.59M	196.18M
Accounts Payable Fin	290.72K	145.37K	153.76K	276.94K	156.63K
Accrued Expenses	2.72M	3.90M	3.79M	1.28M	1.00M
Current Income Taxes Payable	4.20M	3.37M	3.09M	2.91M	2.86M
Other Current Liabilities	—	—	—	—	—
Other Liab Lt Fin	4.69M	2.94M	3.97M	2.07M	3.78M
Pension & Post-Retirement Benefits	2.19M	1.89M	1.80M	1.75M	1.59M
Debt & Funding
Long-Term Debt	34.53M	19.98M	21.13M	21.42M	18.81M
Total Debt	69.21M	43.74M	24.93M	28.70M	21.50M
Current Portion of Long-Term Debt	34.64M	23.70M	3.79M	7.25M	2.64M
Equity & Book Value
Shareholders' Equity	301.56M	227.21M	171.92M	156.60M	165.28M
Total Common Equity	223.72M	172.29M	131.78M	115.22M	120.81M
Common Stock	90.74M	86.42M	83.10M	83.10M	80.29M
Additional Paid-In Capital	9.36M	9.36M	9.36M	9.36M	9.36M
Retained Earnings	71.81M	26.80M	11.20M	9.14M	5.91M
Comprehensive Income & Other	52.14M	49.95M	29.64M	16.16M	26.73M
Minority Interest	77.84M	54.92M	40.14M	41.39M	44.48M
Book Value Per Share	0.23	0.18	0.14	0.12	0.13
Tangible Book Value	223.72M	172.29M	131.78M	115.16M	120.74M
Tangible Book Value Per Share	0.23	0.18	0.14	0.12	0.13
Filing Date Shares Outstanding	960.70M	960.66M	942.64M	928.70M	936.57M
Total Common Shares Outstanding	960.70M	960.66M	942.64M	928.70M	936.57M
Working Capital	10.34M	32.00M	27.32M	37.67M	43.51M
Supplemental
Loans Lease Receivables	1.14M	0.76M	0.86M	0.68M	0.96M

Financials

Annual (KWD)

ARZAN FINANCIAL GROUP FOR FINANCING AND INVESTMENT

Annual (KWD)