MEZZAN HOLDING CO

Mezzan Holding Company KSCC

MEZZANStocksBoursa KuwaitConsumer Staples

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
Operations
Operating Cash Flow	24.20M	18.83M	23.11M	11.41M	22.60M
Free Cash Flow	5.97M	5.54M	15.99M	2.72M	13.65M
Capital Expenditures	-18.23M	-13.29M	-7.12M	-8.69M	-8.95M
Investing & Financing
Investing Cash Flow	-17.67M	-8.42M	-8.63M	-10.61M	-11.14M
Financing Cash Flow	-5.79M	-7.38M	-4.92M	-10.78M	-12.38M
Dividends Paid	-7.72M	-6.16M	-3.72M	-4.88M	-5.44M
Share Repurchase	-0.22M	—	-0.35M	-1.68M	-1.19M
Operating Activities
Operating Cash Flow	24.20M	18.83M	23.11M	11.41M	22.60M
Net Income	17.34M	14.57M	11.46M	-1.97M	8.43M
Change in Accounts Payable	-1.26M	1.51M	1.54M	1.22M	6.11M
Change in Accounts Receivable	-5.97M	-4.47M	-4.07M	-3.53M	-4.82M
Change in Inventory	-1.69M	-12.46M	1.54M	-5.91M	-5.42M
Change in Other Net Operating Assets	-1.66M	1.85M	-3.65M	-0.13M	4.77M
Change in Working Capital	-10.58M	-13.57M	-4.64M	-8.35M	0.64M
Other Operating Activities	11.65M	8.82M	7.77M	5.54M	4.62M
Provision & Write-off of Bad Debts	-2.31M	1.92M	-0.03M	7.12M	1.06M
Depreciation & Amortization	8.25M	8.77M	8.72M	9.36M	9.01M
Other Amortization	312.20K	175.52K	155.96K	209.41K	305.98K
Cash Interest Paid	6.08M	6.07M	5.65M	3.57M	2.39M
Loss (Gain) on Equity Investments	-104.84K	-63.21K	-109.03K	-486.76K	-115.22K
Asset Writedown & Restructuring Costs	-0.18M	-0.10M	-0.08M	-0.10M	-1.29M
Investing Activities
Investing Cash Flow	-17.67M	-8.42M	-8.63M	-10.61M	-11.14M
Capital Expenditures	-18.23M	-13.29M	-7.12M	-8.69M	-8.95M
Investment in Securities	-0.00M	2.04M	-2.25M	-0.06M	—
Other Investing Activities	506.93K	148.76K	93.32K	149.98K	116.59K
Sale (Purchase) of Intangibles	-0.39M	-0.40M	-0.05M	-2.15M	-2.52M
Sale of Property, Plant & Equipment	0.44M	3.08M	0.70M	0.14M	0.22M
Loss (Gain) From Sale of Assets	-0.17M	-1.69M	-0.26M	0.09M	-0.06M
Loss (Gain) on Sale of Investments	—	—	131.17K	—	—
Financing Activities
Financing Cash Flow	-5.79M	-7.38M	-4.92M	-10.78M	-12.38M
Common Dividends Paid	-7.72M	-6.16M	-3.72M	-4.88M	-5.44M
Issuance of Common Stock	385.69K	982.78K	262.71K	—	330.15K
Repurchase of Common Stock	-0.22M	—	-0.35M	-1.68M	-1.19M
Long-Term Debt Issued	31.41M	13.08M	21.16M	9.42M	7.54M
Long-Term Debt Repaid	-23.26M	-7.94M	-16.30M	-9.74M	-10.51M
Net Debt Issued (Repaid)	8.15M	5.14M	4.86M	-0.33M	-2.97M
Other Financing Activities	-6.39M	-7.35M	-5.98M	-3.89M	-3.11M
Free Cash Flow & Returns
Free Cash Flow	5.97M	5.54M	15.99M	2.72M	13.65M
Free Cash Flow Growth	+7.8%	-65.4%	+487.7%	-80.1%	-56.3%
Free Cash Flow Margin	+2.0%	+1.9%	+5.9%	+1.1%	+5.6%
Free Cash Flow Per Share	0.02	0.02	0.05	0.01	0.05
Levered Free Cash Flow	-6.31M	-5.84M	5.71M	-0.02M	3.68M
Unlevered Free Cash Flow	-2.43M	-1.96M	9.34M	2.21M	5.18M
Operating Cash Flow Growth	+28.5%	-18.5%	+102.5%	-49.5%	-39.5%
Net Cash Flow	0.68M	3.08M	9.06M	-9.76M	-0.94M
Foreign Exchange Rate Adjustments	-55.39K	53.73K	-503.95K	220.42K	-20.56K

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	24.20M	18.83M	23.11M	11.41M	22.60M
Free Cash Flow	5.97M	5.54M	15.99M	2.72M	13.65M
Capital Expenditures	-18.23M	-13.29M	-7.12M	-8.69M	-8.95M
Investing & Financing
Investing Cash Flow	-17.67M	-8.42M	-8.63M	-10.61M	-11.14M
Financing Cash Flow	-5.79M	-7.38M	-4.92M	-10.78M	-12.38M
Dividends Paid	-7.72M	-6.16M	-3.72M	-4.88M	-5.44M
Share Repurchase	-0.22M	—	-0.35M	-1.68M	-1.19M
Operating Activities
Operating Cash Flow	24.20M	18.83M	23.11M	11.41M	22.60M
Net Income	17.34M	14.57M	11.46M	-1.97M	8.43M
Change in Accounts Payable	-1.26M	1.51M	1.54M	1.22M	6.11M
Change in Accounts Receivable	-5.97M	-4.47M	-4.07M	-3.53M	-4.82M
Change in Inventory	-1.69M	-12.46M	1.54M	-5.91M	-5.42M
Change in Other Net Operating Assets	-1.66M	1.85M	-3.65M	-0.13M	4.77M
Change in Working Capital	-10.58M	-13.57M	-4.64M	-8.35M	0.64M
Other Operating Activities	11.65M	8.82M	7.77M	5.54M	4.62M
Provision & Write-off of Bad Debts	-2.31M	1.92M	-0.03M	7.12M	1.06M
Depreciation & Amortization	8.25M	8.77M	8.72M	9.36M	9.01M
Other Amortization	312.20K	175.52K	155.96K	209.41K	305.98K
Cash Interest Paid	6.08M	6.07M	5.65M	3.57M	2.39M
Loss (Gain) on Equity Investments	-104.84K	-63.21K	-109.03K	-486.76K	-115.22K
Asset Writedown & Restructuring Costs	-0.18M	-0.10M	-0.08M	-0.10M	-1.29M
Investing Activities
Investing Cash Flow	-17.67M	-8.42M	-8.63M	-10.61M	-11.14M
Capital Expenditures	-18.23M	-13.29M	-7.12M	-8.69M	-8.95M
Investment in Securities	-0.00M	2.04M	-2.25M	-0.06M	—
Other Investing Activities	506.93K	148.76K	93.32K	149.98K	116.59K
Sale (Purchase) of Intangibles	-0.39M	-0.40M	-0.05M	-2.15M	-2.52M
Sale of Property, Plant & Equipment	0.44M	3.08M	0.70M	0.14M	0.22M
Loss (Gain) From Sale of Assets	-0.17M	-1.69M	-0.26M	0.09M	-0.06M
Loss (Gain) on Sale of Investments	—	—	131.17K	—	—
Financing Activities
Financing Cash Flow	-5.79M	-7.38M	-4.92M	-10.78M	-12.38M
Common Dividends Paid	-7.72M	-6.16M	-3.72M	-4.88M	-5.44M
Issuance of Common Stock	385.69K	982.78K	262.71K	—	330.15K
Repurchase of Common Stock	-0.22M	—	-0.35M	-1.68M	-1.19M
Long-Term Debt Issued	31.41M	13.08M	21.16M	9.42M	7.54M
Long-Term Debt Repaid	-23.26M	-7.94M	-16.30M	-9.74M	-10.51M
Net Debt Issued (Repaid)	8.15M	5.14M	4.86M	-0.33M	-2.97M
Other Financing Activities	-6.39M	-7.35M	-5.98M	-3.89M	-3.11M
Free Cash Flow & Returns
Free Cash Flow	5.97M	5.54M	15.99M	2.72M	13.65M
Free Cash Flow Growth	+7.8%	-65.4%	+487.7%	-80.1%	-56.3%
Free Cash Flow Margin	+2.0%	+1.9%	+5.9%	+1.1%	+5.6%
Free Cash Flow Per Share	0.02	0.02	0.05	0.01	0.05
Levered Free Cash Flow	-6.31M	-5.84M	5.71M	-0.02M	3.68M
Unlevered Free Cash Flow	-2.43M	-1.96M	9.34M	2.21M	5.18M
Operating Cash Flow Growth	+28.5%	-18.5%	+102.5%	-49.5%	-39.5%
Net Cash Flow	0.68M	3.08M	9.06M	-9.76M	-0.94M
Foreign Exchange Rate Adjustments	-55.39K	53.73K	-503.95K	220.42K	-20.56K