Independent Petroleum Group

Independent Petroleum Group SAK

IPGStocksBoursa KuwaitIndustrials

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
Assets
Cash & Equivalents	59.56M	97.79M	79.30M	108.51M	69.42M
Cash & Short-Term Investments	60.96M	98.90M	80.61M	109.78M	71.57M
Receivables	146.12M	170.41M	198.36M	92.02M	128.98M
Inventory	10.37M	26.81M	27.24M	51.74M	50.77M
Current Assets	300.72M	370.96M	375.97M	316.03M	322.21M
PP&E	44.56M	45.22M	47.81M	55.57M	35.84M
Total Assets	422.63M	490.72M	493.47M	439.04M	423.88M
Liabilities
Accounts Payable	18.07M	95.02M	111.60M	55.92M	104.03M
Current Liabilities	293.03M	348.92M	359.20M	291.84M	300.27M
Long-Term Debt	—	12.22M	12.15M	24.87M	19.47M
Total Debt	239.97M	235.18M	237.17M	247.43M	195.44M
Total Liabilities	306.33M	378.45M	388.82M	338.98M	323.24M
Equity & Ownership
Retained Earnings	43.35M	40.41M	36.82M	34.43M	32.20M
Total Equity	116.31M	112.27M	104.65M	100.06M	100.63M
Net Debt	179.02M	136.28M	156.56M	137.65M	123.88M
Shares Outstanding	180,787,500	180,787,500	180,787,500	180,787,500	180,787,500
Cash & Assets
Total Assets	422.63M	490.72M	493.47M	439.04M	423.88M
Total Current Assets	300.72M	370.96M	375.97M	316.03M	322.21M
Cash & Equivalents	59.56M	97.79M	79.30M	108.51M	69.42M
Cash & Short-Term Investments	60.96M	98.90M	80.61M	109.78M	71.57M
Net Cash (Debt)	-179.02M	-136.28M	-156.56M	-137.65M	-123.88M
Net Cash Per Share	-0.99	-0.75	-0.87	-0.76	-0.69
Cash Growth	-38.4%	+22.7%	-26.6%	+53.4%	+54.2%
Accounts Receivable	128.78M	151.58M	177.49M	64.61M	98.78M
Other Receivables	6.77M	6.17M	7.33M	6.85M	29.34M
Receivables	146.12M	170.41M	198.36M	92.02M	128.98M
Inventory	10.37M	26.81M	27.24M	51.74M	50.77M
Prepaid Expenses	1.30M	1.22M	2.50M	1.51M	1.22M
Construction In Progress	4.95M	0.03M	—	—	3.76M
Land	544.00K	544.00K	544.00K	544.00K	544.00K
Buildings	3.28M	3.22M	3.27M	3.27M	1.69M
Machinery	41.04M	39.79M	39.76M	39.52M	38.01M
Leasehold Improvements	70.00K	72.00K	73.00K	68.00K	73.00K
Property, Plant & Equipment	44.56M	45.22M	47.81M	55.57M	35.84M
Other Current Assets	81.98M	73.63M	67.26M	60.98M	69.69M
Long-Term Leases	10.97M	15.36M	15.69M	20.83M	2.14M
Current Portion of Leases	4.25M	4.12M	5.00M	5.56M	3.52M
Loans & Investments
Short-Term Investments	1.40M	1.10M	1.32M	1.27M	2.15M
Long-Term Investments	73.46M	69.99M	65.15M	62.56M	61.06M
Liabilities & Obligations
Total Liabilities	306.33M	378.45M	388.82M	338.98M	323.24M
Total Liabilities & Equity	422.63M	490.72M	493.47M	439.04M	423.88M
Total Current Liabilities	293.03M	348.92M	359.20M	291.84M	300.27M
Accounts Payable	18.07M	95.02M	111.60M	55.92M	104.03M
Accrued Expenses	40.89M	43.09M	35.49M	31.46M	19.89M
Current Income Taxes Payable	122.00K	95.00K	82.00K	80.00K	75.00K
Other Current Liabilities	4.95M	3.12M	2.70M	2.65M	2.45M
Pension & Post-Retirement Benefits	2.33M	1.95M	1.78M	1.44M	1.36M
Debt & Funding
Long-Term Debt	—	12.22M	12.15M	24.87M	19.47M
Total Debt	239.97M	235.18M	237.17M	247.43M	195.44M
Current Portion of Long-Term Debt	224.76M	203.48M	204.33M	196.16M	170.31M
Equity & Book Value
Shareholders' Equity	116.31M	112.27M	104.65M	100.06M	100.63M
Common Stock	18.84M	18.84M	18.84M	18.84M	18.84M
Additional Paid-In Capital	29.67M	29.67M	29.67M	29.67M	29.67M
Retained Earnings	43.35M	40.41M	36.82M	34.43M	32.20M
Treasury Stock	-2.77M	-2.77M	-2.77M	-2.77M	-2.77M
Comprehensive Income & Other	27.22M	26.12M	22.09M	19.90M	22.70M
Book Value Per Share	0.64	0.62	0.58	0.55	0.56
Tangible Book Value	116.31M	112.27M	104.65M	100.06M	100.63M
Tangible Book Value Per Share	0.64	0.62	0.58	0.55	0.56
Filing Date Shares Outstanding	180.79M	180.79M	180.79M	180.79M	180.79M
Total Common Shares Outstanding	180.79M	180.79M	180.79M	180.79M	180.79M
Working Capital	7.69M	22.04M	16.77M	24.19M	21.95M

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
Assets
Cash & Equivalents	59.56M	97.79M	79.30M	108.51M	69.42M
Cash & Short-Term Investments	60.96M	98.90M	80.61M	109.78M	71.57M
Receivables	146.12M	170.41M	198.36M	92.02M	128.98M
Inventory	10.37M	26.81M	27.24M	51.74M	50.77M
Current Assets	300.72M	370.96M	375.97M	316.03M	322.21M
PP&E	44.56M	45.22M	47.81M	55.57M	35.84M
Total Assets	422.63M	490.72M	493.47M	439.04M	423.88M
Liabilities
Accounts Payable	18.07M	95.02M	111.60M	55.92M	104.03M
Current Liabilities	293.03M	348.92M	359.20M	291.84M	300.27M
Long-Term Debt	—	12.22M	12.15M	24.87M	19.47M
Total Debt	239.97M	235.18M	237.17M	247.43M	195.44M
Total Liabilities	306.33M	378.45M	388.82M	338.98M	323.24M
Equity & Ownership
Retained Earnings	43.35M	40.41M	36.82M	34.43M	32.20M
Total Equity	116.31M	112.27M	104.65M	100.06M	100.63M
Net Debt	179.02M	136.28M	156.56M	137.65M	123.88M
Shares Outstanding	180,787,500	180,787,500	180,787,500	180,787,500	180,787,500
Cash & Assets
Total Assets	422.63M	490.72M	493.47M	439.04M	423.88M
Total Current Assets	300.72M	370.96M	375.97M	316.03M	322.21M
Cash & Equivalents	59.56M	97.79M	79.30M	108.51M	69.42M
Cash & Short-Term Investments	60.96M	98.90M	80.61M	109.78M	71.57M
Net Cash (Debt)	-179.02M	-136.28M	-156.56M	-137.65M	-123.88M
Net Cash Per Share	-0.99	-0.75	-0.87	-0.76	-0.69
Cash Growth	-38.4%	+22.7%	-26.6%	+53.4%	+54.2%
Accounts Receivable	128.78M	151.58M	177.49M	64.61M	98.78M
Other Receivables	6.77M	6.17M	7.33M	6.85M	29.34M
Receivables	146.12M	170.41M	198.36M	92.02M	128.98M
Inventory	10.37M	26.81M	27.24M	51.74M	50.77M
Prepaid Expenses	1.30M	1.22M	2.50M	1.51M	1.22M
Construction In Progress	4.95M	0.03M	—	—	3.76M
Land	544.00K	544.00K	544.00K	544.00K	544.00K
Buildings	3.28M	3.22M	3.27M	3.27M	1.69M
Machinery	41.04M	39.79M	39.76M	39.52M	38.01M
Leasehold Improvements	70.00K	72.00K	73.00K	68.00K	73.00K
Property, Plant & Equipment	44.56M	45.22M	47.81M	55.57M	35.84M
Other Current Assets	81.98M	73.63M	67.26M	60.98M	69.69M
Long-Term Leases	10.97M	15.36M	15.69M	20.83M	2.14M
Current Portion of Leases	4.25M	4.12M	5.00M	5.56M	3.52M
Loans & Investments
Short-Term Investments	1.40M	1.10M	1.32M	1.27M	2.15M
Long-Term Investments	73.46M	69.99M	65.15M	62.56M	61.06M
Liabilities & Obligations
Total Liabilities	306.33M	378.45M	388.82M	338.98M	323.24M
Total Liabilities & Equity	422.63M	490.72M	493.47M	439.04M	423.88M
Total Current Liabilities	293.03M	348.92M	359.20M	291.84M	300.27M
Accounts Payable	18.07M	95.02M	111.60M	55.92M	104.03M
Accrued Expenses	40.89M	43.09M	35.49M	31.46M	19.89M
Current Income Taxes Payable	122.00K	95.00K	82.00K	80.00K	75.00K
Other Current Liabilities	4.95M	3.12M	2.70M	2.65M	2.45M
Pension & Post-Retirement Benefits	2.33M	1.95M	1.78M	1.44M	1.36M
Debt & Funding
Long-Term Debt	—	12.22M	12.15M	24.87M	19.47M
Total Debt	239.97M	235.18M	237.17M	247.43M	195.44M
Current Portion of Long-Term Debt	224.76M	203.48M	204.33M	196.16M	170.31M
Equity & Book Value
Shareholders' Equity	116.31M	112.27M	104.65M	100.06M	100.63M
Common Stock	18.84M	18.84M	18.84M	18.84M	18.84M
Additional Paid-In Capital	29.67M	29.67M	29.67M	29.67M	29.67M
Retained Earnings	43.35M	40.41M	36.82M	34.43M	32.20M
Treasury Stock	-2.77M	-2.77M	-2.77M	-2.77M	-2.77M
Comprehensive Income & Other	27.22M	26.12M	22.09M	19.90M	22.70M
Book Value Per Share	0.64	0.62	0.58	0.55	0.56
Tangible Book Value	116.31M	112.27M	104.65M	100.06M	100.63M
Tangible Book Value Per Share	0.64	0.62	0.58	0.55	0.56
Filing Date Shares Outstanding	180.79M	180.79M	180.79M	180.79M	180.79M
Total Common Shares Outstanding	180.79M	180.79M	180.79M	180.79M	180.79M
Working Capital	7.69M	22.04M	16.77M	24.19M	21.95M