BOURSA KUWAIT SECURITIES COMPANY (K.P.S.C.)

Boursa Kuwait Securities Company (K.P.S.C)

BOURSAStocksBoursa KuwaitDiversified Financials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	34.73M	24.33M	18.60M	24.28M	16.76M
Free Cash Flow	34.11M	23.13M	18.03M	23.86M	16.18M
Capital Expenditures	-0.62M	-1.20M	-0.57M	-0.42M	-0.58M
Investing & Financing
Investing Cash Flow	-10.69M	-12.12M	4.19M	-6.14M	-18.67M
Financing Cash Flow	-23.20M	-19.57M	-21.59M	-15.71M	-10.59M
Dividends Paid	-16.51M	-14.85M	-16.82M	-12.85M	-7.81M
Operating Activities
Operating Cash Flow	34.73M	24.33M	18.60M	24.28M	16.76M
Net Income	28.18M	18.18M	15.80M	18.00M	15.89M
Change in Accounts Payable	1.38M	0.98M	-0.86M	0.33M	0.30M
Change in Accounts Receivable	-757.61K	-343.13K	-196.87K	44.27K	157.70K
Change in Other Net Operating Assets	-2.40M	—	—	—	—
Change in Working Capital	-1.78M	0.64M	-1.06M	0.37M	0.46M
Other Operating Activities	7.17M	4.65M	3.07M	4.91M	-0.66M
Provision & Write-off of Bad Debts	68.30K	23.42K	3.15K	126.92K	55.99K
Depreciation & Amortization	753.26K	620.56K	553.85K	526.56K	658.01K
Other Amortization	340.97K	234.73K	238.93K	334.47K	362.36K
Cash Income Tax Paid	730.23K	614.83K	745.83K	542.36K	270.50K
Asset Writedown & Restructuring Costs	—	—	—	—	8
Investing Activities
Investing Cash Flow	-10.69M	-12.12M	4.19M	-6.14M	-18.67M
Capital Expenditures	-0.62M	-1.20M	-0.57M	-0.42M	-0.58M
Investment in Securities	-11.84M	-12.64M	3.22M	-5.94M	-18.85M
Other Investing Activities	2.86M	2.68M	2.15M	1.46M	1.06M
Sale (Purchase) of Intangibles	-1.10M	-0.96M	-0.61M	-1.25M	-0.30M
Sale of Property, Plant & Equipment	9.05K	10.80K	1.50K	—	—
Loss (Gain) From Sale of Assets	-9.05K	-10.79K	-1.46K	—	—
Financing Activities
Financing Cash Flow	-23.20M	-19.57M	-21.59M	-15.71M	-10.59M
Common Dividends Paid	-16.51M	-14.85M	-16.82M	-12.85M	-7.81M
Long-Term Debt Repaid	-176.15K	-209.13K	-254.67K	-253.05K	-181.27K
Net Debt Issued (Repaid)	-176.15K	-209.13K	-254.67K	-253.05K	-181.27K
Other Financing Activities	-6.51M	-4.51M	-4.51M	-2.60M	-2.60M
Free Cash Flow & Returns
Free Cash Flow	34.11M	23.13M	18.03M	23.86M	16.18M
Free Cash Flow Growth	+47.4%	+28.3%	-24.4%	+47.4%	+1.4%
Free Cash Flow Margin	+76.0%	+70.5%	+63.3%	+73.2%	+57.3%
Free Cash Flow Per Share	0.17	0.12	0.09	0.12	0.08
Levered Free Cash Flow	17.67M	10.53M	7.58M	11.73M	10.34M
Unlevered Free Cash Flow	17.68M	10.55M	7.60M	11.75M	10.37M
Operating Cash Flow Growth	+42.7%	+30.8%	-23.4%	+44.8%	+4.1%
Net Cash Flow	0.84M	-7.35M	1.21M	2.43M	-12.49M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	34.73M	24.33M	18.60M	24.28M	16.76M
Free Cash Flow	34.11M	23.13M	18.03M	23.86M	16.18M
Capital Expenditures	-0.62M	-1.20M	-0.57M	-0.42M	-0.58M
Investing & Financing
Investing Cash Flow	-10.69M	-12.12M	4.19M	-6.14M	-18.67M
Financing Cash Flow	-23.20M	-19.57M	-21.59M	-15.71M	-10.59M
Dividends Paid	-16.51M	-14.85M	-16.82M	-12.85M	-7.81M
Operating Activities
Operating Cash Flow	34.73M	24.33M	18.60M	24.28M	16.76M
Net Income	28.18M	18.18M	15.80M	18.00M	15.89M
Change in Accounts Payable	1.38M	0.98M	-0.86M	0.33M	0.30M
Change in Accounts Receivable	-757.61K	-343.13K	-196.87K	44.27K	157.70K
Change in Other Net Operating Assets	-2.40M	—	—	—	—
Change in Working Capital	-1.78M	0.64M	-1.06M	0.37M	0.46M
Other Operating Activities	7.17M	4.65M	3.07M	4.91M	-0.66M
Provision & Write-off of Bad Debts	68.30K	23.42K	3.15K	126.92K	55.99K
Depreciation & Amortization	753.26K	620.56K	553.85K	526.56K	658.01K
Other Amortization	340.97K	234.73K	238.93K	334.47K	362.36K
Cash Income Tax Paid	730.23K	614.83K	745.83K	542.36K	270.50K
Asset Writedown & Restructuring Costs	—	—	—	—	8
Investing Activities
Investing Cash Flow	-10.69M	-12.12M	4.19M	-6.14M	-18.67M
Capital Expenditures	-0.62M	-1.20M	-0.57M	-0.42M	-0.58M
Investment in Securities	-11.84M	-12.64M	3.22M	-5.94M	-18.85M
Other Investing Activities	2.86M	2.68M	2.15M	1.46M	1.06M
Sale (Purchase) of Intangibles	-1.10M	-0.96M	-0.61M	-1.25M	-0.30M
Sale of Property, Plant & Equipment	9.05K	10.80K	1.50K	—	—
Loss (Gain) From Sale of Assets	-9.05K	-10.79K	-1.46K	—	—
Financing Activities
Financing Cash Flow	-23.20M	-19.57M	-21.59M	-15.71M	-10.59M
Common Dividends Paid	-16.51M	-14.85M	-16.82M	-12.85M	-7.81M
Long-Term Debt Repaid	-176.15K	-209.13K	-254.67K	-253.05K	-181.27K
Net Debt Issued (Repaid)	-176.15K	-209.13K	-254.67K	-253.05K	-181.27K
Other Financing Activities	-6.51M	-4.51M	-4.51M	-2.60M	-2.60M
Free Cash Flow & Returns
Free Cash Flow	34.11M	23.13M	18.03M	23.86M	16.18M
Free Cash Flow Growth	+47.4%	+28.3%	-24.4%	+47.4%	+1.4%
Free Cash Flow Margin	+76.0%	+70.5%	+63.3%	+73.2%	+57.3%
Free Cash Flow Per Share	0.17	0.12	0.09	0.12	0.08
Levered Free Cash Flow	17.67M	10.53M	7.58M	11.73M	10.34M
Unlevered Free Cash Flow	17.68M	10.55M	7.60M	11.75M	10.37M
Operating Cash Flow Growth	+42.7%	+30.8%	-23.4%	+44.8%	+4.1%
Net Cash Flow	0.84M	-7.35M	1.21M	2.43M	-12.49M