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
Operating Summary
Revenue	297.15M	286.13M	271.18M	255.17M	245.14M
Cost of Revenue	222.16M	217.99M	209.65M	204.07M	192.18M
Gross Profit	74.99M	68.14M	61.53M	51.10M	52.95M
SG&A	48.91M	48.92M	43.12M	52.65M	42.50M
Operating Expenses	48.40M	47.85M	43.16M	49.33M	42.44M
Operating Income	26.59M	20.29M	18.38M	1.77M	10.51M
Interest Income	351.83K	115.30K	65.56K	60.10K	98.34K
Interest Expense	-6.21M	-6.21M	-5.81M	-3.57M	-2.39M
Other Income/Expense	—	—	-126.93K	—	-89.17K
Pretax Income	20.43M	16.25M	12.82M	-1.65M	9.71M
Income Tax	1.82M	0.75M	0.09M	0.04M	0.10M
Net Income	17.34M	14.57M	11.46M	-1.97M	8.43M
EBITDA	33.46M	27.33M	25.48M	9.39M	17.73M
EBIT	26.59M	20.29M	18.38M	1.77M	10.51M
EPS (Basic)	0.06	0.05	0.04	-0.01	0.03
EPS (Diluted)	0.06	0.05	0.04	-0.01	0.03
DPS	0.05	0.03	0.02	0.01	0.02
Margins & Efficiency
Gross Margin %	+25.2%	+23.8%	+22.7%	+20.0%	+21.6%
EBITDA Margin %	+11.3%	+9.6%	+9.4%	+3.7%	+7.2%
Net Margin %	+5.8%	+5.1%	+4.2%	-0.8%	+3.4%
Revenue & Income
Revenue	297.15M	286.13M	271.18M	255.17M	245.14M
Revenue Growth (YoY)	+3.8%	+5.5%	+6.3%	+4.1%	-0.5%
Interest & Investment Income	351.83K	115.30K	65.56K	60.10K	98.34K
Earnings From Equity Investments	104.84K	63.21K	109.03K	486.76K	115.22K
Gain (Loss) on Sale of Assets	0.17M	1.68M	0.24M	-0.10M	0.06M
Currency Exchange Gain (Loss)	-579.94K	319.28K	-40.73K	-292.79K	189.09K
Expenses & Provisions
Cost of Revenue	222.16M	217.99M	209.65M	204.07M	192.18M
Selling, General & Admin	48.91M	48.92M	43.12M	52.65M	42.50M
Operating Expenses	48.40M	47.85M	43.16M	49.33M	42.44M
Other Operating Expenses	-0.51M	-1.06M	0.03M	-3.32M	-0.06M
Interest Expense	-6.21M	-6.21M	-5.81M	-3.57M	-2.39M
Other Non Operating Income (Expenses)	—	—	-126.93K	—	-89.17K
Asset Writedown	—	—	—	—	1.21M
D&A For EBITDA	6.87M	7.04M	7.10M	7.62M	7.21M
Profitability & Returns
Gross Profit	74.99M	68.14M	61.53M	51.10M	52.95M
Gross Margin	+25.2%	+23.8%	+22.7%	+20.0%	+21.6%
EBIT	26.59M	20.29M	18.38M	1.77M	10.51M
EBIT Margin	+8.9%	+7.1%	+6.8%	+0.7%	+4.3%
EBITDA	33.46M	27.33M	25.48M	9.39M	17.73M
EBITDA Margin	+11.3%	+9.6%	+9.4%	+3.7%	+7.2%
EBT Excluding Unusual Items	20.25M	14.58M	12.58M	-1.55M	8.44M
Pretax Income	20.43M	16.25M	12.82M	-1.65M	9.71M
Operating Income	26.59M	20.29M	18.38M	1.77M	10.51M
Operating Margin	+8.9%	+7.1%	+6.8%	+0.7%	+4.3%
Profit Margin	+5.8%	+5.1%	+4.2%	-0.8%	+3.4%
Net Income	17.34M	14.57M	11.46M	-1.97M	8.43M
Net Income to Common	17.34M	14.57M	11.46M	-1.97M	8.43M
Net Income Growth	+19.0%	+27.1%	—	—	-22.8%
Earnings From Continuing Ops.	18.61M	15.50M	12.73M	-1.69M	9.61M
Minority Interest in Earnings	-1.27M	-0.93M	-1.27M	-0.28M	-1.18M
Income Tax Expense	1.82M	0.75M	0.09M	0.04M	0.10M
Effective Tax Rate	+8.9%	+4.6%	+0.7%	—	+1.0%
Per Share & Capital
EPS (Basic)	0.06	0.05	0.04	-0.01	0.03
EPS (Diluted)	0.06	0.05	0.04	-0.01	0.03
EPS Growth	+18.8%	+26.9%	—	—	-23.3%
Dividend Per Share	0.05	0.03	0.02	0.01	0.02
Shares Change (YoY)	0	0	0.01	0.01	0.01
Shares Outstanding (Basic)	311.16M	310.68M	310.17M	308.58M	306.12M
Shares Outstanding (Diluted)	311.16M	310.68M	310.17M	308.58M	306.12M
Dividend Growth	+80.0%	+25.0%	+66.7%	-25.0%	-11.1%
Free Cash Flow	5.97M	5.54M	15.99M	2.72M	13.65M
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
Payout Ratio	+44.5%	+42.3%	+32.4%	—	+64.6%

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	297.15M	286.13M	271.18M	255.17M	245.14M
Cost of Revenue	222.16M	217.99M	209.65M	204.07M	192.18M
Gross Profit	74.99M	68.14M	61.53M	51.10M	52.95M
SG&A	48.91M	48.92M	43.12M	52.65M	42.50M
Operating Expenses	48.40M	47.85M	43.16M	49.33M	42.44M
Operating Income	26.59M	20.29M	18.38M	1.77M	10.51M
Interest Income	351.83K	115.30K	65.56K	60.10K	98.34K
Interest Expense	-6.21M	-6.21M	-5.81M	-3.57M	-2.39M
Other Income/Expense	—	—	-126.93K	—	-89.17K
Pretax Income	20.43M	16.25M	12.82M	-1.65M	9.71M
Income Tax	1.82M	0.75M	0.09M	0.04M	0.10M
Net Income	17.34M	14.57M	11.46M	-1.97M	8.43M
EBITDA	33.46M	27.33M	25.48M	9.39M	17.73M
EBIT	26.59M	20.29M	18.38M	1.77M	10.51M
EPS (Basic)	0.06	0.05	0.04	-0.01	0.03
EPS (Diluted)	0.06	0.05	0.04	-0.01	0.03
DPS	0.05	0.03	0.02	0.01	0.02
Margins & Efficiency
Gross Margin %	+25.2%	+23.8%	+22.7%	+20.0%	+21.6%
EBITDA Margin %	+11.3%	+9.6%	+9.4%	+3.7%	+7.2%
Net Margin %	+5.8%	+5.1%	+4.2%	-0.8%	+3.4%
Revenue & Income
Revenue	297.15M	286.13M	271.18M	255.17M	245.14M
Revenue Growth (YoY)	+3.8%	+5.5%	+6.3%	+4.1%	-0.5%
Interest & Investment Income	351.83K	115.30K	65.56K	60.10K	98.34K
Earnings From Equity Investments	104.84K	63.21K	109.03K	486.76K	115.22K
Gain (Loss) on Sale of Assets	0.17M	1.68M	0.24M	-0.10M	0.06M
Currency Exchange Gain (Loss)	-579.94K	319.28K	-40.73K	-292.79K	189.09K
Expenses & Provisions
Cost of Revenue	222.16M	217.99M	209.65M	204.07M	192.18M
Selling, General & Admin	48.91M	48.92M	43.12M	52.65M	42.50M
Operating Expenses	48.40M	47.85M	43.16M	49.33M	42.44M
Other Operating Expenses	-0.51M	-1.06M	0.03M	-3.32M	-0.06M
Interest Expense	-6.21M	-6.21M	-5.81M	-3.57M	-2.39M
Other Non Operating Income (Expenses)	—	—	-126.93K	—	-89.17K
Asset Writedown	—	—	—	—	1.21M
D&A For EBITDA	6.87M	7.04M	7.10M	7.62M	7.21M
Profitability & Returns
Gross Profit	74.99M	68.14M	61.53M	51.10M	52.95M
Gross Margin	+25.2%	+23.8%	+22.7%	+20.0%	+21.6%
EBIT	26.59M	20.29M	18.38M	1.77M	10.51M
EBIT Margin	+8.9%	+7.1%	+6.8%	+0.7%	+4.3%
EBITDA	33.46M	27.33M	25.48M	9.39M	17.73M
EBITDA Margin	+11.3%	+9.6%	+9.4%	+3.7%	+7.2%
EBT Excluding Unusual Items	20.25M	14.58M	12.58M	-1.55M	8.44M
Pretax Income	20.43M	16.25M	12.82M	-1.65M	9.71M
Operating Income	26.59M	20.29M	18.38M	1.77M	10.51M
Operating Margin	+8.9%	+7.1%	+6.8%	+0.7%	+4.3%
Profit Margin	+5.8%	+5.1%	+4.2%	-0.8%	+3.4%
Net Income	17.34M	14.57M	11.46M	-1.97M	8.43M
Net Income to Common	17.34M	14.57M	11.46M	-1.97M	8.43M
Net Income Growth	+19.0%	+27.1%	—	—	-22.8%
Earnings From Continuing Ops.	18.61M	15.50M	12.73M	-1.69M	9.61M
Minority Interest in Earnings	-1.27M	-0.93M	-1.27M	-0.28M	-1.18M
Income Tax Expense	1.82M	0.75M	0.09M	0.04M	0.10M
Effective Tax Rate	+8.9%	+4.6%	+0.7%	—	+1.0%
Per Share & Capital
EPS (Basic)	0.06	0.05	0.04	-0.01	0.03
EPS (Diluted)	0.06	0.05	0.04	-0.01	0.03
EPS Growth	+18.8%	+26.9%	—	—	-23.3%
Dividend Per Share	0.05	0.03	0.02	0.01	0.02
Shares Change (YoY)	0	0	0.01	0.01	0.01
Shares Outstanding (Basic)	311.16M	310.68M	310.17M	308.58M	306.12M
Shares Outstanding (Diluted)	311.16M	310.68M	310.17M	308.58M	306.12M
Dividend Growth	+80.0%	+25.0%	+66.7%	-25.0%	-11.1%
Free Cash Flow	5.97M	5.54M	15.99M	2.72M	13.65M
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
Payout Ratio	+44.5%	+42.3%	+32.4%	—	+64.6%