ARZAN FINANCIAL GROUP FOR FINANCING AND INVESTMENT

Arzan Financial Group for Financing and Investment (KPSC)

ARZANStocksBoursa KuwaitDiversified Financials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Operations
Operating Cash Flow	-12.94M	4.60M	2.87M	-3.29M	-3.11M
Free Cash Flow	-19.63M	4.50M	2.80M	-3.77M	-3.18M
Capital Expenditures	-6.69M	-0.11M	-0.07M	-0.48M	-0.07M
Investing & Financing
Investing Cash Flow	-7.09M	6.69M	-8.60M	3.93M	17.20M
Financing Cash Flow	18.33M	-9.57M	3.30M	-0.43M	-8.80M
Dividends Paid	-1.67M	-3.19M	-1.80M	—	—
Share Repurchase	-1.11M	-0.52M	-1.06M	-0.27M	-0.64M
Operating Activities
Operating Cash Flow	-12.94M	4.60M	2.87M	-3.29M	-3.11M
Net Income	14.10M	7.03M	8.15M	7.43M	-9.51M
Change in Accounts Payable	-0.66M	4.38M	-1.47M	0.49M	-6.27M
Change in Other Net Operating Assets	-2.53M	0.31M	3.49M	-1.03M	3.32M
Change in Trading Asset Securities	-19.17M	-0.05M	-4.46M	-5.84M	3.00M
Change in Working Capital	-22.36M	4.64M	-2.43M	-6.39M	0.06M
Other Operating Activities	-2.00M	-4.97M	-0.58M	1.30M	1.83M
Provision for Credit Losses	1.38M	0.40M	-0.45M	-2.11M	1.11M
Depreciation & Amortization	218.04K	214.88K	231.71K	249.46K	247.56K
Other Amortization	—	—	9.05K	27.75K	205.41K
Stock-Based Compensation	78.34K	66.58K	46.90K	27.99K	18.21K
Cash Interest Paid	2.00M	1.71M	1.01M	1.03M	1.75M
Loss (Gain) on Equity Investments	-3.99M	-1.54M	-2.52M	-2.24M	-1.77M
Asset Writedown & Restructuring Costs	-31.36K	-182.15K	413.92K	230.52K	134.16K
Investing Activities
Investing Cash Flow	-7.09M	6.69M	-8.60M	3.93M	17.20M
Capital Expenditures	-6.69M	-0.11M	-0.07M	-0.48M	-0.07M
Investment in Securities	-7.48M	-3.97M	-12.62M	1.98M	14.63M
Other Investing Activities	6.64M	9.97M	3.71M	3.00M	2.81M
Sale (Purchase) of Intangibles	—	—	—	-710	—
Sale of Property, Plant & Equipment	829.97K	29.88K	530.01K	—	—
Loss (Gain) on Sale of Investments	—	—	—	-0.02M	4.57M
Financing Activities
Financing Cash Flow	18.33M	-9.57M	3.30M	-0.43M	-8.80M
Common Dividends Paid	-1.67M	-3.19M	-1.80M	—	—
Issuance of Common Stock	4.29M	—	—	—	—
Repurchase of Common Stock	-1.11M	-0.52M	-1.06M	-0.27M	-0.64M
Long-Term Debt Issued	29.33M	2.71M	10.05M	18.03M	11.53M
Total Debt Issued	29.33M	2.71M	10.05M	18.03M	11.53M
Long-Term Debt Repaid	-10.58M	-6.46M	-2.84M	-18.11M	-17.70M
Total Debt Repaid	-10.58M	-6.46M	-2.84M	-18.11M	-17.70M
Net Debt Issued (Repaid)	18.75M	-3.75M	7.21M	-0.08M	-6.17M
Other Financing Activities	-1.93M	-2.11M	-1.04M	-0.08M	-1.99M
Free Cash Flow & Returns
Free Cash Flow	-19.63M	4.50M	2.80M	-3.77M	-3.18M
Free Cash Flow Growth	—	+60.4%	—	—	—
Free Cash Flow Margin	-95.9%	+54.4%	+17.0%	-24.7%	-105.7%
Free Cash Flow Per Share	-0.02	0.01	0.00	-0.00	-0.00
Operating Cash Flow Growth	—	+60.3%	—	—	—
Net Cash Flow	-2.95M	-2.67M	-2.07M	0.17M	5.37M
Foreign Exchange Rate Adjustments	-1.25M	-4.40M	0.35M	-0.03M	0.08M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Operations
Operating Cash Flow	-12.94M	4.60M	2.87M	-3.29M	-3.11M
Free Cash Flow	-19.63M	4.50M	2.80M	-3.77M	-3.18M
Capital Expenditures	-6.69M	-0.11M	-0.07M	-0.48M	-0.07M
Investing & Financing
Investing Cash Flow	-7.09M	6.69M	-8.60M	3.93M	17.20M
Financing Cash Flow	18.33M	-9.57M	3.30M	-0.43M	-8.80M
Dividends Paid	-1.67M	-3.19M	-1.80M	—	—
Share Repurchase	-1.11M	-0.52M	-1.06M	-0.27M	-0.64M
Operating Activities
Operating Cash Flow	-12.94M	4.60M	2.87M	-3.29M	-3.11M
Net Income	14.10M	7.03M	8.15M	7.43M	-9.51M
Change in Accounts Payable	-0.66M	4.38M	-1.47M	0.49M	-6.27M
Change in Other Net Operating Assets	-2.53M	0.31M	3.49M	-1.03M	3.32M
Change in Trading Asset Securities	-19.17M	-0.05M	-4.46M	-5.84M	3.00M
Change in Working Capital	-22.36M	4.64M	-2.43M	-6.39M	0.06M
Other Operating Activities	-2.00M	-4.97M	-0.58M	1.30M	1.83M
Provision for Credit Losses	1.38M	0.40M	-0.45M	-2.11M	1.11M
Depreciation & Amortization	218.04K	214.88K	231.71K	249.46K	247.56K
Other Amortization	—	—	9.05K	27.75K	205.41K
Stock-Based Compensation	78.34K	66.58K	46.90K	27.99K	18.21K
Cash Interest Paid	2.00M	1.71M	1.01M	1.03M	1.75M
Loss (Gain) on Equity Investments	-3.99M	-1.54M	-2.52M	-2.24M	-1.77M
Asset Writedown & Restructuring Costs	-31.36K	-182.15K	413.92K	230.52K	134.16K
Investing Activities
Investing Cash Flow	-7.09M	6.69M	-8.60M	3.93M	17.20M
Capital Expenditures	-6.69M	-0.11M	-0.07M	-0.48M	-0.07M
Investment in Securities	-7.48M	-3.97M	-12.62M	1.98M	14.63M
Other Investing Activities	6.64M	9.97M	3.71M	3.00M	2.81M
Sale (Purchase) of Intangibles	—	—	—	-710	—
Sale of Property, Plant & Equipment	829.97K	29.88K	530.01K	—	—
Loss (Gain) on Sale of Investments	—	—	—	-0.02M	4.57M
Financing Activities
Financing Cash Flow	18.33M	-9.57M	3.30M	-0.43M	-8.80M
Common Dividends Paid	-1.67M	-3.19M	-1.80M	—	—
Issuance of Common Stock	4.29M	—	—	—	—
Repurchase of Common Stock	-1.11M	-0.52M	-1.06M	-0.27M	-0.64M
Long-Term Debt Issued	29.33M	2.71M	10.05M	18.03M	11.53M
Total Debt Issued	29.33M	2.71M	10.05M	18.03M	11.53M
Long-Term Debt Repaid	-10.58M	-6.46M	-2.84M	-18.11M	-17.70M
Total Debt Repaid	-10.58M	-6.46M	-2.84M	-18.11M	-17.70M
Net Debt Issued (Repaid)	18.75M	-3.75M	7.21M	-0.08M	-6.17M
Other Financing Activities	-1.93M	-2.11M	-1.04M	-0.08M	-1.99M
Free Cash Flow & Returns
Free Cash Flow	-19.63M	4.50M	2.80M	-3.77M	-3.18M
Free Cash Flow Growth	—	+60.4%	—	—	—
Free Cash Flow Margin	-95.9%	+54.4%	+17.0%	-24.7%	-105.7%
Free Cash Flow Per Share	-0.02	0.01	0.00	-0.00	-0.00
Operating Cash Flow Growth	—	+60.3%	—	—	—
Net Cash Flow	-2.95M	-2.67M	-2.07M	0.17M	5.37M
Foreign Exchange Rate Adjustments	-1.25M	-4.40M	0.35M	-0.03M	0.08M