METAL & RECYCLING CO.

Metal & Recycling Co. K.S.C.C.

MRCStocksBoursa KuwaitConsumer Discretionary

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (KWD)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operations
Operating Cash Flow	0.59M	1.46M	-0.23M	2.18M	-0.78M
Free Cash Flow	0.39M	0.92M	-1.23M	1.58M	-0.78M
Capital Expenditures	-0.20M	-0.53M	-1.00M	-0.60M	-0.00M
Investing & Financing
Investing Cash Flow	-0.68M	-0.47M	-0.95M	-0.47M	0.32M
Financing Cash Flow	-0.82M	1.70M	-0.05M	-0.94M	-0.71M
Operating Activities
Operating Cash Flow	0.59M	1.46M	-0.23M	2.18M	-0.78M
Net Income	-302.61K	59.48K	57.58K	140.87K	-67.70K
Change in Accounts Payable	-0.18M	0.68M	-0.10M	-0.01M	0.68M
Change in Accounts Receivable	0.22M	0.21M	-0.88M	1.28M	-1.82M
Change in Inventory	-22.76K	-321.56K	-77.91K	-23.16K	59.26K
Change in Other Net Operating Assets	-264.36K	143.73K	116.19K	111.12K	-236.14K
Change in Working Capital	-0.25M	0.70M	-0.94M	1.36M	-1.32M
Other Operating Activities	447.10K	292.46K	229.16K	260.22K	166.93K
Provision & Write-off of Bad Debts	114.01K	114.02K	118.62K	123.64K	112.29K
Depreciation & Amortization	403.11K	328.63K	309.84K	303.73K	348.75K
Cash Interest Paid	31.67K	34.04K	29.13K	36.06K	58.54K
Miscellaneous Cash Flow Adjustments	-19.68K	6.26K	72.54K	19.08K	110.67K
Loss (Gain) on Equity Investments	221.37K	—	—	—	0.90K
Asset Writedown & Restructuring Costs	-32.00K	—	—	—	-23.00K
Investing Activities
Investing Cash Flow	-0.68M	-0.47M	-0.95M	-0.47M	0.32M
Capital Expenditures	-0.20M	-0.53M	-1.00M	-0.60M	-0.00M
Investment in Securities	-0.51M	-0.02M	-0.00M	0.12M	0.29M
Other Investing Activities	14.97K	27.88K	58.22K	9.50K	33.36K
Sale of Property, Plant & Equipment	13.15K	65.00K	0.20K	1.20K	—
Loss (Gain) From Sale of Assets	-10.04K	-40.09K	-0.20K	-1.20K	—
Financing Activities
Financing Cash Flow	-0.82M	1.70M	-0.05M	-0.94M	-0.71M
Long-Term Debt Issued	—	—	—	—	—
Short-Term Debt Issued	—	—	—	—	—
Total Debt Issued	-0.60M	1.54M	—	—	-0.51M
Long-Term Debt Repaid	—	—	—	-666.00K	—
Short-Term Debt Repaid	—	—	—	-235.30K	—
Total Debt Repaid	-185.60K	192.78K	121.08K	-901.31K	-136.48K
Net Debt Issued (Repaid)	-0.79M	1.74M	0.12M	-0.90M	-0.65M
Other Financing Activities	-31.67K	-34.04K	-168.42K	-36.06K	-58.54K
Free Cash Flow & Returns
Free Cash Flow	0.39M	0.92M	-1.23M	1.58M	-0.78M
Free Cash Flow Growth	—	-18.4%	—	—	—
Free Cash Flow Margin	+5.9%	+17.4%	-26.4%	+35.3%	-11.0%
Free Cash Flow Per Share	0.00	0.01	-0.01	0.01	-0.01
Levered Free Cash Flow	0.57M	0.75M	-1.43M	1.47M	-0.58M
Unlevered Free Cash Flow	0.74M	0.88M	-1.33M	1.57M	-0.46M
Operating Cash Flow Growth	—	-2.3%	—	—	—
Net Cash Flow	-0.93M	2.70M	-1.15M	0.80M	-1.05M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (KWD)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operations
Operating Cash Flow	0.59M	1.46M	-0.23M	2.18M	-0.78M
Free Cash Flow	0.39M	0.92M	-1.23M	1.58M	-0.78M
Capital Expenditures	-0.20M	-0.53M	-1.00M	-0.60M	-0.00M
Investing & Financing
Investing Cash Flow	-0.68M	-0.47M	-0.95M	-0.47M	0.32M
Financing Cash Flow	-0.82M	1.70M	-0.05M	-0.94M	-0.71M
Operating Activities
Operating Cash Flow	0.59M	1.46M	-0.23M	2.18M	-0.78M
Net Income	-302.61K	59.48K	57.58K	140.87K	-67.70K
Change in Accounts Payable	-0.18M	0.68M	-0.10M	-0.01M	0.68M
Change in Accounts Receivable	0.22M	0.21M	-0.88M	1.28M	-1.82M
Change in Inventory	-22.76K	-321.56K	-77.91K	-23.16K	59.26K
Change in Other Net Operating Assets	-264.36K	143.73K	116.19K	111.12K	-236.14K
Change in Working Capital	-0.25M	0.70M	-0.94M	1.36M	-1.32M
Other Operating Activities	447.10K	292.46K	229.16K	260.22K	166.93K
Provision & Write-off of Bad Debts	114.01K	114.02K	118.62K	123.64K	112.29K
Depreciation & Amortization	403.11K	328.63K	309.84K	303.73K	348.75K
Cash Interest Paid	31.67K	34.04K	29.13K	36.06K	58.54K
Miscellaneous Cash Flow Adjustments	-19.68K	6.26K	72.54K	19.08K	110.67K
Loss (Gain) on Equity Investments	221.37K	—	—	—	0.90K
Asset Writedown & Restructuring Costs	-32.00K	—	—	—	-23.00K
Investing Activities
Investing Cash Flow	-0.68M	-0.47M	-0.95M	-0.47M	0.32M
Capital Expenditures	-0.20M	-0.53M	-1.00M	-0.60M	-0.00M
Investment in Securities	-0.51M	-0.02M	-0.00M	0.12M	0.29M
Other Investing Activities	14.97K	27.88K	58.22K	9.50K	33.36K
Sale of Property, Plant & Equipment	13.15K	65.00K	0.20K	1.20K	—
Loss (Gain) From Sale of Assets	-10.04K	-40.09K	-0.20K	-1.20K	—
Financing Activities
Financing Cash Flow	-0.82M	1.70M	-0.05M	-0.94M	-0.71M
Long-Term Debt Issued	—	—	—	—	—
Short-Term Debt Issued	—	—	—	—	—
Total Debt Issued	-0.60M	1.54M	—	—	-0.51M
Long-Term Debt Repaid	—	—	—	-666.00K	—
Short-Term Debt Repaid	—	—	—	-235.30K	—
Total Debt Repaid	-185.60K	192.78K	121.08K	-901.31K	-136.48K
Net Debt Issued (Repaid)	-0.79M	1.74M	0.12M	-0.90M	-0.65M
Other Financing Activities	-31.67K	-34.04K	-168.42K	-36.06K	-58.54K
Free Cash Flow & Returns
Free Cash Flow	0.39M	0.92M	-1.23M	1.58M	-0.78M
Free Cash Flow Growth	—	-18.4%	—	—	—
Free Cash Flow Margin	+5.9%	+17.4%	-26.4%	+35.3%	-11.0%
Free Cash Flow Per Share	0.00	0.01	-0.01	0.01	-0.01
Levered Free Cash Flow	0.57M	0.75M	-1.43M	1.47M	-0.58M
Unlevered Free Cash Flow	0.74M	0.88M	-1.33M	1.57M	-0.46M
Operating Cash Flow Growth	—	-2.3%	—	—	—
Net Cash Flow	-0.93M	2.70M	-1.15M	0.80M	-1.05M