Kuwait Cement Company

Kuwait Cement Company K.P.S.C.

KCEMStocksBoursa KuwaitMaterials

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
Operating Summary
Revenue	77.31M	68.41M	65.50M	68.58M	51.01M
Cost of Revenue	69.76M	61.55M	60.52M	66.64M	50.15M
Gross Profit	7.55M	6.86M	4.99M	1.94M	0.85M
SG&A	3.73M	3.55M	3.32M	3.66M	3.65M
Operating Expenses	3.38M	3.62M	3.14M	2.56M	3.45M
Operating Income	4.16M	3.24M	1.85M	-0.62M	-2.60M
Interest Income	5.07M	2.60M	2.51M	5.87M	0.81M
Interest Expense	-3.33M	-3.42M	-3.72M	-2.18M	-1.71M
Other Income/Expense	—	—	—	-28.64K	—
Pretax Income	7.32M	3.27M	1.76M	3.64M	-2.70M
Income Tax	162.31K	65.06K	5.43K	—	—
Net Income	7.15M	3.21M	1.75M	3.64M	-2.69M
EBITDA	6.57M	6.37M	4.87M	2.71M	2.57M
EBIT	4.16M	3.24M	1.85M	-0.62M	-2.60M
EPS (Basic)	0.01	0.00	0.00	0.01	-0.00
EPS (Diluted)	0.01	0.00	0.00	0.01	-0.00
DPS	0.01	0.01	—	0.01	0.01
Margins & Efficiency
Gross Margin %	+9.8%	+10.0%	+7.6%	+2.8%	+1.7%
EBITDA Margin %	+8.5%	+9.3%	+7.4%	+4.0%	+5.0%
Net Margin %	+9.2%	+4.7%	+2.7%	+5.3%	-5.3%
Revenue & Income
Revenue	77.31M	68.41M	65.50M	68.58M	51.01M
Revenue Growth (YoY)	+13.0%	+4.4%	-4.5%	+34.5%	+20.1%
Interest & Investment Income	5.07M	2.60M	2.51M	5.87M	0.81M
Earnings From Equity Investments	1.11M	0.67M	1.02M	0.65M	0.78M
Currency Exchange Gain (Loss)	183.62K	93.72K	3.21K	-139.51K	12.02K
Expenses & Provisions
Cost of Revenue	69.76M	61.55M	60.52M	66.64M	50.15M
Selling, General & Admin	3.73M	3.55M	3.32M	3.66M	3.65M
Operating Expenses	3.38M	3.62M	3.14M	2.56M	3.45M
Other Operating Expenses	-242.16K	-131.27K	-348.83K	-272.16K	-437.66K
Interest Expense	-3.33M	-3.42M	-3.72M	-2.18M	-1.71M
Other Non Operating Income (Expenses)	—	—	—	-28.64K	—
Asset Writedown	106.72K	80.52K	106.37K	93.19K	—
D&A For EBITDA	2.41M	3.13M	3.03M	3.33M	5.17M
Profitability & Returns
Gross Profit	7.55M	6.86M	4.99M	1.94M	0.85M
Gross Margin	+9.8%	+10.0%	+7.6%	+2.8%	+1.7%
EBIT	4.16M	3.24M	1.85M	-0.62M	-2.60M
EBIT Margin	+5.4%	+4.7%	+2.8%	-0.9%	-5.1%
EBITDA	6.57M	6.37M	4.87M	2.71M	2.57M
EBITDA Margin	+8.5%	+9.3%	+7.4%	+4.0%	+5.0%
EBT Excluding Unusual Items	7.21M	3.19M	1.65M	3.55M	-2.70M
Pretax Income	7.32M	3.27M	1.76M	3.64M	-2.70M
Operating Income	4.16M	3.24M	1.85M	-0.62M	-2.60M
Operating Margin	+5.4%	+4.7%	+2.8%	-0.9%	-5.1%
Profit Margin	+9.2%	+4.7%	+2.7%	+5.3%	-5.3%
Net Income	7.15M	3.21M	1.75M	3.64M	-2.69M
Net Income to Common	7.15M	3.21M	1.75M	3.64M	-2.69M
Net Income Growth	+123.0%	+82.9%	-51.8%	—	—
Earnings From Continuing Ops.	7.15M	3.21M	1.75M	3.64M	-2.70M
Minority Interest in Earnings	-5.20K	-3.10K	-0.18K	-0.19K	8.36K
Income Tax Expense	162.31K	65.06K	5.43K	—	—
Effective Tax Rate	+2.2%	+2.0%	+0.3%	—	—
Per Share & Capital
EPS (Basic)	0.01	0.00	0.00	0.01	-0.00
EPS (Diluted)	0.01	0.00	0.00	0.01	-0.00
EPS Growth	+123.0%	+82.9%	-51.8%	—	—
Dividend Per Share	0.01	0.01	—	0.01	0.01
Shares Change (YoY)	—	—	—	—	0
Shares Outstanding (Basic)	712.97M	712.97M	712.97M	712.97M	712.97M
Shares Outstanding (Diluted)	712.97M	712.97M	712.97M	712.97M	712.97M
Dividend Growth	+16.7%	—	—	—	—
Free Cash Flow	-0.76M	3.44M	10.94M	-11.26M	6.42M
Free Cash Flow Margin	-1.0%	+5.0%	+16.7%	-16.4%	+12.6%
Free Cash Flow Per Share	-0.00	0.01	0.02	-0.02	0.01
Payout Ratio	+59.6%	+0.4%	+203.3%	+98.0%	—

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
Operating Summary
Revenue	77.31M	68.41M	65.50M	68.58M	51.01M
Cost of Revenue	69.76M	61.55M	60.52M	66.64M	50.15M
Gross Profit	7.55M	6.86M	4.99M	1.94M	0.85M
SG&A	3.73M	3.55M	3.32M	3.66M	3.65M
Operating Expenses	3.38M	3.62M	3.14M	2.56M	3.45M
Operating Income	4.16M	3.24M	1.85M	-0.62M	-2.60M
Interest Income	5.07M	2.60M	2.51M	5.87M	0.81M
Interest Expense	-3.33M	-3.42M	-3.72M	-2.18M	-1.71M
Other Income/Expense	—	—	—	-28.64K	—
Pretax Income	7.32M	3.27M	1.76M	3.64M	-2.70M
Income Tax	162.31K	65.06K	5.43K	—	—
Net Income	7.15M	3.21M	1.75M	3.64M	-2.69M
EBITDA	6.57M	6.37M	4.87M	2.71M	2.57M
EBIT	4.16M	3.24M	1.85M	-0.62M	-2.60M
EPS (Basic)	0.01	0.00	0.00	0.01	-0.00
EPS (Diluted)	0.01	0.00	0.00	0.01	-0.00
DPS	0.01	0.01	—	0.01	0.01
Margins & Efficiency
Gross Margin %	+9.8%	+10.0%	+7.6%	+2.8%	+1.7%
EBITDA Margin %	+8.5%	+9.3%	+7.4%	+4.0%	+5.0%
Net Margin %	+9.2%	+4.7%	+2.7%	+5.3%	-5.3%
Revenue & Income
Revenue	77.31M	68.41M	65.50M	68.58M	51.01M
Revenue Growth (YoY)	+13.0%	+4.4%	-4.5%	+34.5%	+20.1%
Interest & Investment Income	5.07M	2.60M	2.51M	5.87M	0.81M
Earnings From Equity Investments	1.11M	0.67M	1.02M	0.65M	0.78M
Currency Exchange Gain (Loss)	183.62K	93.72K	3.21K	-139.51K	12.02K
Expenses & Provisions
Cost of Revenue	69.76M	61.55M	60.52M	66.64M	50.15M
Selling, General & Admin	3.73M	3.55M	3.32M	3.66M	3.65M
Operating Expenses	3.38M	3.62M	3.14M	2.56M	3.45M
Other Operating Expenses	-242.16K	-131.27K	-348.83K	-272.16K	-437.66K
Interest Expense	-3.33M	-3.42M	-3.72M	-2.18M	-1.71M
Other Non Operating Income (Expenses)	—	—	—	-28.64K	—
Asset Writedown	106.72K	80.52K	106.37K	93.19K	—
D&A For EBITDA	2.41M	3.13M	3.03M	3.33M	5.17M
Profitability & Returns
Gross Profit	7.55M	6.86M	4.99M	1.94M	0.85M
Gross Margin	+9.8%	+10.0%	+7.6%	+2.8%	+1.7%
EBIT	4.16M	3.24M	1.85M	-0.62M	-2.60M
EBIT Margin	+5.4%	+4.7%	+2.8%	-0.9%	-5.1%
EBITDA	6.57M	6.37M	4.87M	2.71M	2.57M
EBITDA Margin	+8.5%	+9.3%	+7.4%	+4.0%	+5.0%
EBT Excluding Unusual Items	7.21M	3.19M	1.65M	3.55M	-2.70M
Pretax Income	7.32M	3.27M	1.76M	3.64M	-2.70M
Operating Income	4.16M	3.24M	1.85M	-0.62M	-2.60M
Operating Margin	+5.4%	+4.7%	+2.8%	-0.9%	-5.1%
Profit Margin	+9.2%	+4.7%	+2.7%	+5.3%	-5.3%
Net Income	7.15M	3.21M	1.75M	3.64M	-2.69M
Net Income to Common	7.15M	3.21M	1.75M	3.64M	-2.69M
Net Income Growth	+123.0%	+82.9%	-51.8%	—	—
Earnings From Continuing Ops.	7.15M	3.21M	1.75M	3.64M	-2.70M
Minority Interest in Earnings	-5.20K	-3.10K	-0.18K	-0.19K	8.36K
Income Tax Expense	162.31K	65.06K	5.43K	—	—
Effective Tax Rate	+2.2%	+2.0%	+0.3%	—	—
Per Share & Capital
EPS (Basic)	0.01	0.00	0.00	0.01	-0.00
EPS (Diluted)	0.01	0.00	0.00	0.01	-0.00
EPS Growth	+123.0%	+82.9%	-51.8%	—	—
Dividend Per Share	0.01	0.01	—	0.01	0.01
Shares Change (YoY)	—	—	—	—	0
Shares Outstanding (Basic)	712.97M	712.97M	712.97M	712.97M	712.97M
Shares Outstanding (Diluted)	712.97M	712.97M	712.97M	712.97M	712.97M
Dividend Growth	+16.7%	—	—	—	—
Free Cash Flow	-0.76M	3.44M	10.94M	-11.26M	6.42M
Free Cash Flow Margin	-1.0%	+5.0%	+16.7%	-16.4%	+12.6%
Free Cash Flow Per Share	-0.00	0.01	0.02	-0.02	0.01
Payout Ratio	+59.6%	+0.4%	+203.3%	+98.0%	—