Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual (KWD)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	-0.55M	1.05M	0.47M	0.70M	0.46M
Free Cash Flow	-0.55M	1.02M	0.47M	0.70M	0.46M
Capital Expenditures	-4.96K	-27.03K	-2.52K	-1.62K	-3.55K
Investing & Financing
Investing Cash Flow	893.03K	585.70K	27.92K	308.68K	-376.51K
Financing Cash Flow	-0.74M	-0.73M	-0.46M	-0.66M	-0.10M
Dividends Paid	—	—	—	—	—
Share Repurchase	-0.27M	-1.31M	—	—	—
Operating Activities
Operating Cash Flow	-0.55M	1.05M	0.47M	0.70M	0.46M
Net Income	1.50M	1.30M	1.55M	1.54M	-1.59M
Change in Accounts Payable	-0.67M	-0.24M	-0.08M	0.02M	-1.10M
Change in Accounts Receivable	0.13M	1.20M	0.44M	0.22M	0.19M
Change in Other Net Operating Assets	-189.76K	6.29K	-33.84K	-31.90K	-0.07K
Change in Working Capital	-733.84K	971.36K	323.01K	210.68K	-915.40K
Other Operating Activities	160.60K	537.23K	149.64K	-572.27K	230.08K
Provision & Write-off of Bad Debts	3.96K	—	-36.09K	-57.95K	—
Depreciation & Amortization	10.18K	7.31K	13.26K	13.97K	239.07K
Other Amortization	—	—	—	—	98.47K
Cash Interest Paid	151.62K	141.70K	163.50K	104.19K	117.14K
Cash Income Tax Paid	219.29K	48.55K	131.86K	6.45K	0.49K
Loss (Gain) on Equity Investments	-0.83M	-1.04M	-0.37M	-0.02M	1.75M
Asset Writedown & Restructuring Costs	-0.03M	-0.01M	-0.14M	-0.42M	0.21M
Investing Activities
Investing Cash Flow	893.03K	585.70K	27.92K	308.68K	-376.51K
Capital Expenditures	-4.96K	-27.03K	-2.52K	-1.62K	-3.55K
Investment in Securities	-0.48M	0.10M	-0.74M	-0.38M	1.14M
Other Investing Activities	1.01M	0.16M	0.10M	0.70M	0.05M
Sale (Purchase) of Real Estate	0.36M	0.35M	0.67M	-0.00M	-1.56M
Loss (Gain) From Sale of Assets	-349.01K	-279.25K	-1.76K	—	—
Loss (Gain) on Sale of Investments	-0.27M	-0.44M	-1.02M	—	0.42M
Financing Activities
Financing Cash Flow	-0.74M	-0.73M	-0.46M	-0.66M	-0.10M
Common Dividends Paid	—	—	—	—	—
Repurchase of Common Stock	-0.27M	-1.31M	—	—	—
Long-Term Debt Issued	—	1.00M	—	—	0.65M
Long-Term Debt Repaid	-316.28K	-283.21K	-292.07K	-551.51K	-637.22K
Net Debt Issued (Repaid)	-316.28K	716.79K	-292.07K	-551.51K	12.78K
Other Financing Activities	-151.62K	-141.70K	-163.50K	-104.19K	-117.14K
Free Cash Flow & Returns
Free Cash Flow	-0.55M	1.02M	0.47M	0.70M	0.46M
Free Cash Flow Growth	—	+119.9%	-33.2%	+52.7%	+1,366.6%
Free Cash Flow Margin	-19.8%	+35.4%	+16.4%	+42.5%	+56.9%
Free Cash Flow Per Share	-0.00	0.01	0.00	0.00	0.00
Levered Free Cash Flow	-0.12M	3.07M	-0.12M	0.38M	-0.93M
Unlevered Free Cash Flow	-0.03M	3.16M	-0.02M	0.44M	-0.85M
Operating Cash Flow Growth	—	+124.5%	-33.0%	+51.9%	+634.2%
Net Cash Flow	-453.10K	546.96K	-65.77K	76.34K	-32.21K
Foreign Exchange Rate Adjustments	-60.95K	-357.85K	-106.06K	-274.99K	-11.10K

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	-0.55M	1.05M	0.47M	0.70M	0.46M
Free Cash Flow	-0.55M	1.02M	0.47M	0.70M	0.46M
Capital Expenditures	-4.96K	-27.03K	-2.52K	-1.62K	-3.55K
Investing & Financing
Investing Cash Flow	893.03K	585.70K	27.92K	308.68K	-376.51K
Financing Cash Flow	-0.74M	-0.73M	-0.46M	-0.66M	-0.10M
Dividends Paid	—	—	—	—	—
Share Repurchase	-0.27M	-1.31M	—	—	—
Operating Activities
Operating Cash Flow	-0.55M	1.05M	0.47M	0.70M	0.46M
Net Income	1.50M	1.30M	1.55M	1.54M	-1.59M
Change in Accounts Payable	-0.67M	-0.24M	-0.08M	0.02M	-1.10M
Change in Accounts Receivable	0.13M	1.20M	0.44M	0.22M	0.19M
Change in Other Net Operating Assets	-189.76K	6.29K	-33.84K	-31.90K	-0.07K
Change in Working Capital	-733.84K	971.36K	323.01K	210.68K	-915.40K
Other Operating Activities	160.60K	537.23K	149.64K	-572.27K	230.08K
Provision & Write-off of Bad Debts	3.96K	—	-36.09K	-57.95K	—
Depreciation & Amortization	10.18K	7.31K	13.26K	13.97K	239.07K
Other Amortization	—	—	—	—	98.47K
Cash Interest Paid	151.62K	141.70K	163.50K	104.19K	117.14K
Cash Income Tax Paid	219.29K	48.55K	131.86K	6.45K	0.49K
Loss (Gain) on Equity Investments	-0.83M	-1.04M	-0.37M	-0.02M	1.75M
Asset Writedown & Restructuring Costs	-0.03M	-0.01M	-0.14M	-0.42M	0.21M
Investing Activities
Investing Cash Flow	893.03K	585.70K	27.92K	308.68K	-376.51K
Capital Expenditures	-4.96K	-27.03K	-2.52K	-1.62K	-3.55K
Investment in Securities	-0.48M	0.10M	-0.74M	-0.38M	1.14M
Other Investing Activities	1.01M	0.16M	0.10M	0.70M	0.05M
Sale (Purchase) of Real Estate	0.36M	0.35M	0.67M	-0.00M	-1.56M
Loss (Gain) From Sale of Assets	-349.01K	-279.25K	-1.76K	—	—
Loss (Gain) on Sale of Investments	-0.27M	-0.44M	-1.02M	—	0.42M
Financing Activities
Financing Cash Flow	-0.74M	-0.73M	-0.46M	-0.66M	-0.10M
Common Dividends Paid	—	—	—	—	—
Repurchase of Common Stock	-0.27M	-1.31M	—	—	—
Long-Term Debt Issued	—	1.00M	—	—	0.65M
Long-Term Debt Repaid	-316.28K	-283.21K	-292.07K	-551.51K	-637.22K
Net Debt Issued (Repaid)	-316.28K	716.79K	-292.07K	-551.51K	12.78K
Other Financing Activities	-151.62K	-141.70K	-163.50K	-104.19K	-117.14K
Free Cash Flow & Returns
Free Cash Flow	-0.55M	1.02M	0.47M	0.70M	0.46M
Free Cash Flow Growth	—	+119.9%	-33.2%	+52.7%	+1,366.6%
Free Cash Flow Margin	-19.8%	+35.4%	+16.4%	+42.5%	+56.9%
Free Cash Flow Per Share	-0.00	0.01	0.00	0.00	0.00
Levered Free Cash Flow	-0.12M	3.07M	-0.12M	0.38M	-0.93M
Unlevered Free Cash Flow	-0.03M	3.16M	-0.02M	0.44M	-0.85M
Operating Cash Flow Growth	—	+124.5%	-33.0%	+51.9%	+634.2%
Net Cash Flow	-453.10K	546.96K	-65.77K	76.34K	-32.21K
Foreign Exchange Rate Adjustments	-60.95K	-357.85K	-106.06K	-274.99K	-11.10K

Financials

Annual (KWD)

MASHAER HOLDING COMPANY (K.S.C.Public)

Annual (KWD)