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
Operations
Operating Cash Flow	25.37M	4.66M	34.64M	37.41M	4.75M
Free Cash Flow	22.88M	0.85M	28.02M	37.03M	2.57M
Capital Expenditures	-2.49M	-3.81M	-6.62M	-0.38M	-2.17M
Investing & Financing
Investing Cash Flow	-6.38M	-7.82M	-32.50M	-4.29M	-6.03M
Financing Cash Flow	-16.76M	2.40M	-1.31M	-33.88M	0.46M
Dividends Paid	-0.01M	-3.01M	-3.01M	-2.24M	-2.25M
Share Repurchase	-1.62M	—	—	—	—
Operating Activities
Operating Cash Flow	25.37M	4.66M	34.64M	37.41M	4.75M
Net Income	-16.24M	0.70M	5.03M	7.01M	5.30M
Change in Accounts Payable	1.40M	-16.90M	-6.14M	4.23M	-18.14M
Change in Accounts Receivable	20.98M	-9.13M	17.10M	-15.46M	-11.74M
Change in Inventory	-2.21M	4.33M	1.20M	21.76M	2.95M
Change in Other Net Operating Assets	-3.08M	-0.72M	-0.76M	-1.15M	-0.55M
Change in Working Capital	17.09M	-22.42M	11.40M	9.38M	-27.47M
Other Operating Activities	9.94M	12.50M	11.53M	8.31M	8.15M
Provision & Write-off of Bad Debts	2.37M	2.63M	-1.56M	4.66M	10.53M
Depreciation & Amortization	9.94M	8.30M	6.91M	5.11M	5.98M
Other Amortization	2.22M	2.22M	2.23M	2.24M	2.25M
Cash Interest Paid	10.20M	10.44M	9.64M	6.34M	5.24M
Loss (Gain) on Equity Investments	0.02M	-0.01M	0.01M	0.71M	0.01M
Asset Writedown & Restructuring Costs	0.05M	0.73M	—	0.00M	—
Investing Activities
Investing Cash Flow	-6.38M	-7.82M	-32.50M	-4.29M	-6.03M
Capital Expenditures	-2.49M	-3.81M	-6.62M	-0.38M	-2.17M
Cash Acquisitions	—	—	-21.83M	—	—
Investment in Securities	—	-400.00K	—	-700.07K	—
Other Investing Activities	—	—	—	353.31K	140.03K
Sale (Purchase) of Intangibles	-3.90M	-3.61M	-4.20M	-3.62M	-3.99M
Sale of Property, Plant & Equipment	15.86K	1.03K	150.78K	56.89K	—
Loss (Gain) From Sale of Assets	-12.62K	1.33K	-46.38K	-28.89K	2.80K
Loss (Gain) on Sale of Investments	—	—	-870.78K	—	—
Financing Activities
Financing Cash Flow	-16.76M	2.40M	-1.31M	-33.88M	0.46M
Common Dividends Paid	-0.01M	-3.01M	-3.01M	-2.24M	-2.25M
Repurchase of Common Stock	-1.62M	—	—	—	—
Long-Term Debt Issued	27.80M	71.78M	224.40M	535.39M	489.07M
Short-Term Debt Issued	—	1.28M	5.34M	—	0.48M
Total Debt Issued	27.80M	73.06M	229.74M	535.39M	489.56M
Long-Term Debt Repaid	-31.46M	-57.22M	-218.41M	-558.97M	-481.61M
Short-Term Debt Repaid	-1.26M	—	—	-1.72M	—
Total Debt Repaid	-32.72M	-57.22M	-218.41M	-560.69M	-481.61M
Net Debt Issued (Repaid)	-4.92M	15.85M	11.34M	-25.30M	7.94M
Other Financing Activities	-10.20M	-10.44M	-9.64M	-6.34M	-5.24M
Free Cash Flow & Returns
Free Cash Flow	22.88M	0.85M	28.02M	37.03M	2.57M
Free Cash Flow Growth	+2,586.7%	-97.0%	-24.3%	+1,338.4%	—
Free Cash Flow Margin	+14.3%	+0.5%	+16.6%	+22.4%	+1.8%
Free Cash Flow Per Share	0.12	0.00	0.14	0.19	0.01
Levered Free Cash Flow	22.25M	-4.34M	19.26M	28.91M	-13.42M
Unlevered Free Cash Flow	29.26M	3.11M	26.01M	33.21M	-9.89M
Operating Cash Flow Growth	+444.1%	-86.5%	-7.4%	+688.1%	—
Net Cash Flow	2.24M	-0.75M	0.83M	-0.76M	-0.82M

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	25.37M	4.66M	34.64M	37.41M	4.75M
Free Cash Flow	22.88M	0.85M	28.02M	37.03M	2.57M
Capital Expenditures	-2.49M	-3.81M	-6.62M	-0.38M	-2.17M
Investing & Financing
Investing Cash Flow	-6.38M	-7.82M	-32.50M	-4.29M	-6.03M
Financing Cash Flow	-16.76M	2.40M	-1.31M	-33.88M	0.46M
Dividends Paid	-0.01M	-3.01M	-3.01M	-2.24M	-2.25M
Share Repurchase	-1.62M	—	—	—	—
Operating Activities
Operating Cash Flow	25.37M	4.66M	34.64M	37.41M	4.75M
Net Income	-16.24M	0.70M	5.03M	7.01M	5.30M
Change in Accounts Payable	1.40M	-16.90M	-6.14M	4.23M	-18.14M
Change in Accounts Receivable	20.98M	-9.13M	17.10M	-15.46M	-11.74M
Change in Inventory	-2.21M	4.33M	1.20M	21.76M	2.95M
Change in Other Net Operating Assets	-3.08M	-0.72M	-0.76M	-1.15M	-0.55M
Change in Working Capital	17.09M	-22.42M	11.40M	9.38M	-27.47M
Other Operating Activities	9.94M	12.50M	11.53M	8.31M	8.15M
Provision & Write-off of Bad Debts	2.37M	2.63M	-1.56M	4.66M	10.53M
Depreciation & Amortization	9.94M	8.30M	6.91M	5.11M	5.98M
Other Amortization	2.22M	2.22M	2.23M	2.24M	2.25M
Cash Interest Paid	10.20M	10.44M	9.64M	6.34M	5.24M
Loss (Gain) on Equity Investments	0.02M	-0.01M	0.01M	0.71M	0.01M
Asset Writedown & Restructuring Costs	0.05M	0.73M	—	0.00M	—
Investing Activities
Investing Cash Flow	-6.38M	-7.82M	-32.50M	-4.29M	-6.03M
Capital Expenditures	-2.49M	-3.81M	-6.62M	-0.38M	-2.17M
Cash Acquisitions	—	—	-21.83M	—	—
Investment in Securities	—	-400.00K	—	-700.07K	—
Other Investing Activities	—	—	—	353.31K	140.03K
Sale (Purchase) of Intangibles	-3.90M	-3.61M	-4.20M	-3.62M	-3.99M
Sale of Property, Plant & Equipment	15.86K	1.03K	150.78K	56.89K	—
Loss (Gain) From Sale of Assets	-12.62K	1.33K	-46.38K	-28.89K	2.80K
Loss (Gain) on Sale of Investments	—	—	-870.78K	—	—
Financing Activities
Financing Cash Flow	-16.76M	2.40M	-1.31M	-33.88M	0.46M
Common Dividends Paid	-0.01M	-3.01M	-3.01M	-2.24M	-2.25M
Repurchase of Common Stock	-1.62M	—	—	—	—
Long-Term Debt Issued	27.80M	71.78M	224.40M	535.39M	489.07M
Short-Term Debt Issued	—	1.28M	5.34M	—	0.48M
Total Debt Issued	27.80M	73.06M	229.74M	535.39M	489.56M
Long-Term Debt Repaid	-31.46M	-57.22M	-218.41M	-558.97M	-481.61M
Short-Term Debt Repaid	-1.26M	—	—	-1.72M	—
Total Debt Repaid	-32.72M	-57.22M	-218.41M	-560.69M	-481.61M
Net Debt Issued (Repaid)	-4.92M	15.85M	11.34M	-25.30M	7.94M
Other Financing Activities	-10.20M	-10.44M	-9.64M	-6.34M	-5.24M
Free Cash Flow & Returns
Free Cash Flow	22.88M	0.85M	28.02M	37.03M	2.57M
Free Cash Flow Growth	+2,586.7%	-97.0%	-24.3%	+1,338.4%	—
Free Cash Flow Margin	+14.3%	+0.5%	+16.6%	+22.4%	+1.8%
Free Cash Flow Per Share	0.12	0.00	0.14	0.19	0.01
Levered Free Cash Flow	22.25M	-4.34M	19.26M	28.91M	-13.42M
Unlevered Free Cash Flow	29.26M	3.11M	26.01M	33.21M	-9.89M
Operating Cash Flow Growth	+444.1%	-86.5%	-7.4%	+688.1%	—
Net Cash Flow	2.24M	-0.75M	0.83M	-0.76M	-0.82M

Financials

Annual (KWD)

Advanced Technology Company

Annual (KWD)