SHAMAL AZ-ZOUR AL-OULA POWER AND WATER COMPANY K.S.C.P

Shamal Az-Zour Al-Oula Power and Water Company

AZNOULAStocksBoursa KuwaitUtilities

Financials

1-5

	CurrentMar 10, 2026	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025
Market & Price
Market Capitalization	156.20M	149.60M	163.90M	170.50M	161.70M
Market Cap Growth	-0.7%	-11.7%	-1.3%	+4.7%	-8.1%
Enterprise Value	418.99M	425.37M	437.28M	448.70M	447.75M
Last Close Price	0.14	0.14	0.15	0.15	0.14
Valuation Multiples
PE Ratio	9.69	9.28	10.91	12.44	12.64
PS Ratio	2.94	2.82	3.14	3.35	3.24
PB Ratio	1.10	1.06	1.21	1.25	1.21
P/TBV Ratio	1.10	1.06	1.21	1.25	1.21
P/FCF Ratio	3.18	3.05	3.68	3.70	3.33
P/OCF Ratio	3.18	3.05	3.68	3.69	3.31
EV/Sales Ratio	7.90	8.02	8.38	8.82	8.98
EV/EBITDA Ratio	13.74	13.95	14.69	15.51	15.83
EV/EBIT Ratio	13.76	13.97	14.72	15.53	15.85
EV/FCF Ratio	8.53	8.66	9.82	9.74	9.21
Leverage & Capital
Debt / Equity Ratio	1.96	1.96	2.09	2.12	2.18
Debt / EBITDA Ratio	9.12	9.58	9.61	9.56	8.77
Debt / FCF Ratio	5.66	5.67	6.36	6.26	6.01
Net Debt / Equity Ratio	1.85	1.85	2.03	2.01	2.08
Net Debt / EBITDA Ratio	8.62	8.62	9.27	9.45	9.83
Net Debt / FCF Ratio	5.35	5.35	6.19	5.93	5.72
Efficiency & Liquidity
Asset Turnover	0.12	0.12	0.12	0.12	0.11
Quick Ratio	1.43	1.43	1.31	1.45	1.34
Current Ratio	1.43	1.43	1.34	1.45	1.34
Returns & Yields
Return on Equity (ROE)	+9.6%	+10.7%	+9.7%	+17.6%	+6.7%
Return on Assets (ROA)	+4.2%	+4.2%	+4.3%	+4.7%	+3.6%
Return on Capital Employed (ROCE)	+7.6%	+7.6%	+7.5%	+7.1%	+6.9%
Earnings Yield	+10.3%	+10.8%	+9.2%	+8.0%	+7.9%
FCF Yield	+31.4%	+32.8%	+27.2%	+27.0%	+30.1%
Dividend Yield	+4.9%	—	—	+4.7%	—
Payout Ratio	+50.7%	+2.3%	+148.7%	+5.4%	+43.0%
Total Shareholder Return	+4.9%	—	—	+4.7%	—

1-5

	CurrentMar 10, 2026	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025
Market & Price
Market Capitalization	156.20M	149.60M	163.90M	170.50M	161.70M
Market Cap Growth	-0.7%	-11.7%	-1.3%	+4.7%	-8.1%
Enterprise Value	418.99M	425.37M	437.28M	448.70M	447.75M
Last Close Price	0.14	0.14	0.15	0.15	0.14
Valuation Multiples
PE Ratio	9.69	9.28	10.91	12.44	12.64
PS Ratio	2.94	2.82	3.14	3.35	3.24
PB Ratio	1.10	1.06	1.21	1.25	1.21
P/TBV Ratio	1.10	1.06	1.21	1.25	1.21
P/FCF Ratio	3.18	3.05	3.68	3.70	3.33
P/OCF Ratio	3.18	3.05	3.68	3.69	3.31
EV/Sales Ratio	7.90	8.02	8.38	8.82	8.98
EV/EBITDA Ratio	13.74	13.95	14.69	15.51	15.83
EV/EBIT Ratio	13.76	13.97	14.72	15.53	15.85
EV/FCF Ratio	8.53	8.66	9.82	9.74	9.21
Leverage & Capital
Debt / Equity Ratio	1.96	1.96	2.09	2.12	2.18
Debt / EBITDA Ratio	9.12	9.58	9.61	9.56	8.77
Debt / FCF Ratio	5.66	5.67	6.36	6.26	6.01
Net Debt / Equity Ratio	1.85	1.85	2.03	2.01	2.08
Net Debt / EBITDA Ratio	8.62	8.62	9.27	9.45	9.83
Net Debt / FCF Ratio	5.35	5.35	6.19	5.93	5.72
Efficiency & Liquidity
Asset Turnover	0.12	0.12	0.12	0.12	0.11
Quick Ratio	1.43	1.43	1.31	1.45	1.34
Current Ratio	1.43	1.43	1.34	1.45	1.34
Returns & Yields
Return on Equity (ROE)	+9.6%	+10.7%	+9.7%	+17.6%	+6.7%
Return on Assets (ROA)	+4.2%	+4.2%	+4.3%	+4.7%	+3.6%
Return on Capital Employed (ROCE)	+7.6%	+7.6%	+7.5%	+7.1%	+6.9%
Earnings Yield	+10.3%	+10.8%	+9.2%	+8.0%	+7.9%
FCF Yield	+31.4%	+32.8%	+27.2%	+27.0%	+30.1%
Dividend Yield	+4.9%	—	—	+4.7%	—
Payout Ratio	+50.7%	+2.3%	+148.7%	+5.4%	+43.0%
Total Shareholder Return	+4.9%	—	—	+4.7%	—