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

Mashaer Holding Company K.S.C.(Public)

MASHAERStocksBoursa KuwaitIndustrials

Financials

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
Operating Summary
Revenue	2.78M	2.89M	2.84M	1.64M	0.80M
Cost of Revenue	202.50K	267.24K	252.97K	284.06K	349.24K
Gross Profit	2.58M	2.63M	2.58M	1.35M	0.45M
SG&A	0.94M	1.22M	1.00M	0.87M	0.92M
Operating Expenses	1.00M	1.27M	0.82M	-0.01M	1.16M
Operating Income	1.58M	1.36M	1.77M	1.37M	-0.70M
Interest Expense	-151.62K	-141.70K	-163.50K	-104.19K	-117.14K
Other Income/Expense	-25.33K	-6.33K	-28.22K	—	-12.31K
Pretax Income	1.80M	1.51M	1.72M	1.68M	-1.47M
Income Tax	195.39K	139.74K	78.91K	23.63K	56.61K
Net Income	1.50M	1.30M	1.55M	1.54M	-1.59M
EBITDA	1.60M	1.37M	1.78M	1.38M	-0.68M
EBIT	1.58M	1.36M	1.77M	1.37M	-0.70M
EPS (Basic)	0.01	0.01	0.01	0.01	-0.01
EPS (Diluted)	0.01	0.01	0.01	0.01	-0.01
Margins & Efficiency
Gross Margin %	+92.7%	+90.8%	+91.1%	+82.7%	+56.5%
EBITDA Margin %	+57.3%	+47.2%	+62.8%	+84.4%	-85.2%
Net Margin %	+53.9%	+45.0%	+54.6%	+93.8%	-197.6%
Revenue & Income
Revenue	2.78M	2.89M	2.84M	1.64M	0.80M
Revenue as Reported	3.17M	3.20M	3.23M	3.09M	0.59M
Revenue Growth (YoY)	-3.8%	+2.0%	+73.1%	+104.3%	—
Operating Revenue	1.41M	1.23M	1.32M	1.49M	2.46M
Other Revenue	1.37M	1.66M	1.52M	0.15M	-1.65M
Gain (Loss) on Sale of Assets	349.01K	279.25K	1.76K	—	—
Gain (Loss) on Sale of Investments	—	—	—	—	-423.35K
Currency Exchange Gain (Loss)	5.22K	11.33K	4.44K	2.13K	—
Expenses & Provisions
Cost of Revenue	202.50K	267.24K	252.97K	284.06K	349.24K
Selling, General & Admin	0.94M	1.22M	1.00M	0.87M	0.92M
Operating Expenses	1.00M	1.27M	0.82M	-0.01M	1.16M
Other Operating Expenses	45.90K	38.30K	-202.13K	-900.26K	—
Interest Expense	-151.62K	-141.70K	-163.50K	-104.19K	-117.14K
Other Non Operating Income (Expenses)	-25.33K	-6.33K	-28.22K	—	-12.31K
Asset Writedown	0.03M	0.01M	0.14M	0.42M	-0.21M
D&A For EBITDA	10.18K	7.31K	13.26K	13.97K	20.51K
Profitability & Returns
Gross Profit	2.58M	2.63M	2.58M	1.35M	0.45M
Gross Margin	+92.7%	+90.8%	+91.1%	+82.7%	+56.5%
EBIT	1.58M	1.36M	1.77M	1.37M	-0.70M
EBIT Margin	+56.9%	+47.0%	+62.3%	+83.5%	-87.8%
EBITDA	1.60M	1.37M	1.78M	1.38M	-0.68M
EBITDA Margin	+57.3%	+47.2%	+62.8%	+84.4%	-85.2%
EBT Excluding Unusual Items	1.41M	1.22M	1.58M	1.27M	-0.83M
Pretax Income	1.80M	1.51M	1.72M	1.68M	-1.47M
Operating Income	1.58M	1.36M	1.77M	1.37M	-0.70M
Operating Margin	+56.9%	+47.0%	+62.3%	+83.5%	-87.8%
Profit Margin	+53.9%	+45.0%	+54.6%	+93.8%	-197.6%
Net Income	1.50M	1.30M	1.55M	1.54M	-1.59M
Net Income to Common	1.50M	1.30M	1.55M	1.54M	-1.59M
Net Income Growth	+15.4%	-16.0%	+0.8%	—	—
Earnings From Continuing Ops.	1.60M	1.38M	1.64M	1.66M	-1.53M
Minority Interest in Earnings	-99.39K	-73.77K	-90.02K	-121.65K	-57.40K
Income Tax Expense	195.39K	139.74K	78.91K	23.63K	56.61K
Effective Tax Rate	+10.9%	+9.2%	+4.6%	+1.4%	—
Per Share & Capital
EPS (Basic)	0.01	0.01	0.01	0.01	-0.01
EPS (Diluted)	0.01	0.01	0.01	0.01	-0.01
EPS Growth	+19.2%	-10.6%	+0.8%	—	—
Shares Change (YoY)	-0.03	-0.06	—	—	-0
Shares Outstanding (Basic)	160.41M	165.70M	176.27M	176.27M	176.27M
Shares Outstanding (Diluted)	160.41M	165.70M	176.27M	176.27M	176.27M
Free Cash Flow	-0.55M	1.02M	0.47M	0.70M	0.46M
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
Supplemental
Other Unusual Items	—	—	—	—	—

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
Operating Summary
Revenue	2.78M	2.89M	2.84M	1.64M	0.80M
Cost of Revenue	202.50K	267.24K	252.97K	284.06K	349.24K
Gross Profit	2.58M	2.63M	2.58M	1.35M	0.45M
SG&A	0.94M	1.22M	1.00M	0.87M	0.92M
Operating Expenses	1.00M	1.27M	0.82M	-0.01M	1.16M
Operating Income	1.58M	1.36M	1.77M	1.37M	-0.70M
Interest Expense	-151.62K	-141.70K	-163.50K	-104.19K	-117.14K
Other Income/Expense	-25.33K	-6.33K	-28.22K	—	-12.31K
Pretax Income	1.80M	1.51M	1.72M	1.68M	-1.47M
Income Tax	195.39K	139.74K	78.91K	23.63K	56.61K
Net Income	1.50M	1.30M	1.55M	1.54M	-1.59M
EBITDA	1.60M	1.37M	1.78M	1.38M	-0.68M
EBIT	1.58M	1.36M	1.77M	1.37M	-0.70M
EPS (Basic)	0.01	0.01	0.01	0.01	-0.01
EPS (Diluted)	0.01	0.01	0.01	0.01	-0.01
Margins & Efficiency
Gross Margin %	+92.7%	+90.8%	+91.1%	+82.7%	+56.5%
EBITDA Margin %	+57.3%	+47.2%	+62.8%	+84.4%	-85.2%
Net Margin %	+53.9%	+45.0%	+54.6%	+93.8%	-197.6%
Revenue & Income
Revenue	2.78M	2.89M	2.84M	1.64M	0.80M
Revenue as Reported	3.17M	3.20M	3.23M	3.09M	0.59M
Revenue Growth (YoY)	-3.8%	+2.0%	+73.1%	+104.3%	—
Operating Revenue	1.41M	1.23M	1.32M	1.49M	2.46M
Other Revenue	1.37M	1.66M	1.52M	0.15M	-1.65M
Gain (Loss) on Sale of Assets	349.01K	279.25K	1.76K	—	—
Gain (Loss) on Sale of Investments	—	—	—	—	-423.35K
Currency Exchange Gain (Loss)	5.22K	11.33K	4.44K	2.13K	—
Expenses & Provisions
Cost of Revenue	202.50K	267.24K	252.97K	284.06K	349.24K
Selling, General & Admin	0.94M	1.22M	1.00M	0.87M	0.92M
Operating Expenses	1.00M	1.27M	0.82M	-0.01M	1.16M
Other Operating Expenses	45.90K	38.30K	-202.13K	-900.26K	—
Interest Expense	-151.62K	-141.70K	-163.50K	-104.19K	-117.14K
Other Non Operating Income (Expenses)	-25.33K	-6.33K	-28.22K	—	-12.31K
Asset Writedown	0.03M	0.01M	0.14M	0.42M	-0.21M
D&A For EBITDA	10.18K	7.31K	13.26K	13.97K	20.51K
Profitability & Returns
Gross Profit	2.58M	2.63M	2.58M	1.35M	0.45M
Gross Margin	+92.7%	+90.8%	+91.1%	+82.7%	+56.5%
EBIT	1.58M	1.36M	1.77M	1.37M	-0.70M
EBIT Margin	+56.9%	+47.0%	+62.3%	+83.5%	-87.8%
EBITDA	1.60M	1.37M	1.78M	1.38M	-0.68M
EBITDA Margin	+57.3%	+47.2%	+62.8%	+84.4%	-85.2%
EBT Excluding Unusual Items	1.41M	1.22M	1.58M	1.27M	-0.83M
Pretax Income	1.80M	1.51M	1.72M	1.68M	-1.47M
Operating Income	1.58M	1.36M	1.77M	1.37M	-0.70M
Operating Margin	+56.9%	+47.0%	+62.3%	+83.5%	-87.8%
Profit Margin	+53.9%	+45.0%	+54.6%	+93.8%	-197.6%
Net Income	1.50M	1.30M	1.55M	1.54M	-1.59M
Net Income to Common	1.50M	1.30M	1.55M	1.54M	-1.59M
Net Income Growth	+15.4%	-16.0%	+0.8%	—	—
Earnings From Continuing Ops.	1.60M	1.38M	1.64M	1.66M	-1.53M
Minority Interest in Earnings	-99.39K	-73.77K	-90.02K	-121.65K	-57.40K
Income Tax Expense	195.39K	139.74K	78.91K	23.63K	56.61K
Effective Tax Rate	+10.9%	+9.2%	+4.6%	+1.4%	—
Per Share & Capital
EPS (Basic)	0.01	0.01	0.01	0.01	-0.01
EPS (Diluted)	0.01	0.01	0.01	0.01	-0.01
EPS Growth	+19.2%	-10.6%	+0.8%	—	—
Shares Change (YoY)	-0.03	-0.06	—	—	-0
Shares Outstanding (Basic)	160.41M	165.70M	176.27M	176.27M	176.27M
Shares Outstanding (Diluted)	160.41M	165.70M	176.27M	176.27M	176.27M
Free Cash Flow	-0.55M	1.02M	0.47M	0.70M	0.46M
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
Supplemental
Other Unusual Items	—	—	—	—	—