Independent Petroleum Group

Independent Petroleum Group SAK

IPGStocksBoursa KuwaitIndustrials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (KWD)

1-5

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Operations
Operating Cash Flow	39.78M	-91.42M	-17.57M	10.88M	61.83M
Free Cash Flow	38.57M	-95.69M	-19.81M	10.56M	61.70M
Capital Expenditures	-1.20M	-4.27M	-2.24M	-0.32M	-0.13M
Investing & Financing
Investing Cash Flow	-4.49M	-1.01M	0.84M	3.76M	1.60M
Financing Cash Flow	-39.68M	87.47M	-10.02M	-63.39M	-22.66M
Dividends Paid	-8.14M	—	—	-7.23M	—
Operating Activities
Operating Cash Flow	39.78M	-91.42M	-17.57M	10.88M	61.83M
Net Income	2.27M	3.25M	2.01M	2.85M	2.06M
Change in Accounts Payable	91.19M	-54.61M	14.29M	-43.11M	4.73M
Change in Accounts Receivable	-43.94M	-62.38M	-39.53M	49.16M	63.79M
Change in Inventory	-11.15M	23.11M	4.13M	2.54M	-13.33M
Change in Other Net Operating Assets	-1.20M	-0.36M	0.10M	-1.13M	-0.82M
Change in Working Capital	34.91M	-94.23M	-21.01M	7.45M	54.36M
Other Operating Activities	0.24M	1.01M	2.56M	4.42M	1.66M
Provision & Write-off of Bad Debts	1.44M	2.13M	3.80M	—	5.55M
Depreciation & Amortization	1.59M	1.55M	1.59M	2.01M	1.47M
Cash Interest Paid	2.14M	1.55M	2.93M	2.54M	3.40M
Loss (Gain) on Equity Investments	-2.33M	-2.98M	-3.13M	-2.90M	-2.65M
Investing Activities
Investing Cash Flow	-4.49M	-1.01M	0.84M	3.76M	1.60M
Capital Expenditures	-1.20M	-4.27M	-2.24M	-0.32M	-0.13M
Investment in Securities	-6.06M	—	—	—	—
Other Investing Activities	2.76M	3.26M	3.07M	4.08M	1.73M
Sale of Property, Plant & Equipment	—	—	—	—	—
Loss (Gain) on Sale of Investments	1.66M	-2.13M	-3.39M	-2.95M	-0.62M
Financing Activities
Financing Cash Flow	-39.68M	87.47M	-10.02M	-63.39M	-22.66M
Common Dividends Paid	-8.14M	—	—	-7.23M	—
Long-Term Debt Issued	—	—	—	—	—
Total Debt Issued	—	9.06M	—	—	—
Long-Term Debt Repaid	-29.41M	—	—	—	-19.26M
Total Debt Repaid	-29.41M	79.96M	-7.09M	-53.61M	-19.26M
Net Debt Issued (Repaid)	-29.41M	89.02M	-7.09M	-53.61M	-19.26M
Other Financing Activities	-2.14M	-1.55M	-2.93M	-2.54M	-3.40M
Free Cash Flow & Returns
Free Cash Flow	38.57M	-95.69M	-19.81M	10.56M	61.70M
Free Cash Flow Growth	-37.5%	—	—	-71.2%	—
Free Cash Flow Margin	+16.5%	-40.3%	-8.7%	+6.9%	+23.3%
Free Cash Flow Per Share	0.21	-0.53	-0.11	0.06	0.34
Levered Free Cash Flow	38.80M	-98.76M	-24.30M	2.10M	66.48M
Unlevered Free Cash Flow	40.46M	-97.40M	-23.07M	3.79M	68.43M
Operating Cash Flow Growth	-35.7%	—	—	-70.3%	—
Net Cash Flow	-5.02M	-4.40M	-26.66M	-47.77M	40.59M
Foreign Exchange Rate Adjustments	-0.62M	0.56M	0.09M	0.98M	-0.17M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (KWD)

1-5

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Operations
Operating Cash Flow	39.78M	-91.42M	-17.57M	10.88M	61.83M
Free Cash Flow	38.57M	-95.69M	-19.81M	10.56M	61.70M
Capital Expenditures	-1.20M	-4.27M	-2.24M	-0.32M	-0.13M
Investing & Financing
Investing Cash Flow	-4.49M	-1.01M	0.84M	3.76M	1.60M
Financing Cash Flow	-39.68M	87.47M	-10.02M	-63.39M	-22.66M
Dividends Paid	-8.14M	—	—	-7.23M	—
Operating Activities
Operating Cash Flow	39.78M	-91.42M	-17.57M	10.88M	61.83M
Net Income	2.27M	3.25M	2.01M	2.85M	2.06M
Change in Accounts Payable	91.19M	-54.61M	14.29M	-43.11M	4.73M
Change in Accounts Receivable	-43.94M	-62.38M	-39.53M	49.16M	63.79M
Change in Inventory	-11.15M	23.11M	4.13M	2.54M	-13.33M
Change in Other Net Operating Assets	-1.20M	-0.36M	0.10M	-1.13M	-0.82M
Change in Working Capital	34.91M	-94.23M	-21.01M	7.45M	54.36M
Other Operating Activities	0.24M	1.01M	2.56M	4.42M	1.66M
Provision & Write-off of Bad Debts	1.44M	2.13M	3.80M	—	5.55M
Depreciation & Amortization	1.59M	1.55M	1.59M	2.01M	1.47M
Cash Interest Paid	2.14M	1.55M	2.93M	2.54M	3.40M
Loss (Gain) on Equity Investments	-2.33M	-2.98M	-3.13M	-2.90M	-2.65M
Investing Activities
Investing Cash Flow	-4.49M	-1.01M	0.84M	3.76M	1.60M
Capital Expenditures	-1.20M	-4.27M	-2.24M	-0.32M	-0.13M
Investment in Securities	-6.06M	—	—	—	—
Other Investing Activities	2.76M	3.26M	3.07M	4.08M	1.73M
Sale of Property, Plant & Equipment	—	—	—	—	—
Loss (Gain) on Sale of Investments	1.66M	-2.13M	-3.39M	-2.95M	-0.62M
Financing Activities
Financing Cash Flow	-39.68M	87.47M	-10.02M	-63.39M	-22.66M
Common Dividends Paid	-8.14M	—	—	-7.23M	—
Long-Term Debt Issued	—	—	—	—	—
Total Debt Issued	—	9.06M	—	—	—
Long-Term Debt Repaid	-29.41M	—	—	—	-19.26M
Total Debt Repaid	-29.41M	79.96M	-7.09M	-53.61M	-19.26M
Net Debt Issued (Repaid)	-29.41M	89.02M	-7.09M	-53.61M	-19.26M
Other Financing Activities	-2.14M	-1.55M	-2.93M	-2.54M	-3.40M
Free Cash Flow & Returns
Free Cash Flow	38.57M	-95.69M	-19.81M	10.56M	61.70M
Free Cash Flow Growth	-37.5%	—	—	-71.2%	—
Free Cash Flow Margin	+16.5%	-40.3%	-8.7%	+6.9%	+23.3%
Free Cash Flow Per Share	0.21	-0.53	-0.11	0.06	0.34
Levered Free Cash Flow	38.80M	-98.76M	-24.30M	2.10M	66.48M
Unlevered Free Cash Flow	40.46M	-97.40M	-23.07M	3.79M	68.43M
Operating Cash Flow Growth	-35.7%	—	—	-70.3%	—
Net Cash Flow	-5.02M	-4.40M	-26.66M	-47.77M	40.59M
Foreign Exchange Rate Adjustments	-0.62M	0.56M	0.09M	0.98M	-0.17M