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

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Operating Summary
Revenue	6.69M	6.66M	5.32M	4.67M	4.48M
Cost of Revenue	5.41M	5.31M	4.20M	3.57M	3.25M
Gross Profit	1.28M	1.35M	1.11M	1.10M	1.23M
SG&A	0.54M	0.62M	0.43M	0.44M	0.44M
Operating Expenses	1.11M	1.13M	0.88M	0.88M	0.87M
Operating Income	170.87K	213.96K	231.47K	224.24K	359.17K
Interest Income	35.41K	14.97K	27.88K	43.47K	24.25K
Interest Expense	-267.14K	-268.84K	-194.40K	-155.37K	-160.86K
Other Income/Expense	77.35K	14.10K	42.24K	30.02K	19.82K
Pretax Income	31.49K	-184.97K	147.47K	142.36K	243.58K
Income Tax	0.85K	-1.29K	1.64K	2.01K	0.76K
Net Income	-63.33K	-302.61K	59.48K	57.58K	140.87K
EBITDA	586.94K	408.76K	560.11K	534.08K	662.90K
EBIT	170.87K	213.96K	231.47K	224.24K	359.17K
EPS (Basic)	-0.00	-0.00	0.00	0.00	0.00
EPS (Diluted)	-0.00	-0.00	0.00	0.00	0.00
Margins & Efficiency
Gross Margin %	+19.1%	+20.2%	+20.9%	+23.6%	+27.5%
EBITDA Margin %	+8.8%	+6.1%	+10.5%	+11.4%	+14.8%
Net Margin %	-0.9%	-4.5%	+1.1%	+1.2%	+3.1%
Revenue & Income
Revenue	6.69M	6.66M	5.32M	4.67M	4.48M
Revenue as Reported	6.69M	6.66M	5.32M	4.67M	4.48M
Revenue Growth (YoY)	+49.3%	-6.7%	+24.1%	+19.6%	+19.6%
Interest & Investment Income	35.41K	14.97K	27.88K	43.47K	24.25K
Earnings From Equity Investments	—	-221.37K	—	—	—
Gain (Loss) on Sale of Assets	15.00K	10.04K	40.29K	—	1.20K
Currency Exchange Gain (Loss)	—	-1.97K	—	—	—
Expenses & Provisions
Cost of Revenue	5.41M	5.31M	4.20M	3.57M	3.25M
Selling, General & Admin	0.54M	0.62M	0.43M	0.44M	0.44M
Operating Expenses	1.11M	1.13M	0.88M	0.88M	0.87M
Other Operating Expenses	2.13K	-3.23K	4.09K	4.98K	1.95K
Interest Expense	-267.14K	-268.84K	-194.40K	-155.37K	-160.86K
Other Non Operating Income (Expenses)	77.35K	14.10K	42.24K	30.02K	19.82K
Legal Settlements	—	22.13K	—	—	—
Asset Writedown	—	32.00K	—	—	—
D&A For EBITDA	416.06K	194.81K	328.63K	309.84K	303.73K
Profitability & Returns
Gross Profit	1.28M	1.35M	1.11M	1.10M	1.23M
Gross Margin	+19.1%	+20.2%	+20.9%	+23.6%	+27.5%
EBIT	170.87K	213.96K	231.47K	224.24K	359.17K
EBIT Margin	+2.6%	+3.2%	+4.4%	+4.8%	+8.0%
EBITDA	586.94K	408.76K	560.11K	534.08K	662.90K
EBITDA Margin	+8.8%	+6.1%	+10.5%	+11.4%	+14.8%
EBT Excluding Unusual Items	16.49K	-249.14K	107.19K	142.36K	242.38K
Pretax Income	31.49K	-184.97K	147.47K	142.36K	243.58K
Operating Income	170.87K	213.96K	231.47K	224.24K	359.17K
Operating Margin	+2.6%	+3.2%	+4.4%	+4.8%	+8.0%
Profit Margin	-0.9%	-4.5%	+1.1%	+1.2%	+3.1%
Net Income	-63.33K	-302.61K	59.48K	57.58K	140.87K
Net Income to Common	-63.33K	-302.61K	59.48K	57.58K	140.87K
Net Income Growth	—	—	+232.8%	—	+111,702.4%
Earnings From Continuing Ops.	30.64K	-183.68K	145.84K	140.35K	242.82K
Minority Interest in Earnings	-93.97K	-118.93K	-86.35K	-82.77K	-101.95K
Income Tax Expense	0.85K	-1.29K	1.64K	2.01K	0.76K
Effective Tax Rate	+2.7%	—	+1.1%	+1.4%	+0.3%
Per Share & Capital
EPS (Basic)	-0.00	-0.00	0.00	0.00	0.00
EPS (Diluted)	-0.00	-0.00	0.00	0.00	0.00
EPS Growth	—	—	+233.3%	—	+137,100.0%
Shares Change (YoY)	-0.47	—	—	—	0.89
Shares Outstanding (Basic)	90.09M	90.09M	90.09M	90.09M	90.09M
Shares Outstanding (Diluted)	90.09M	90.09M	90.09M	90.09M	170.00M
Free Cash Flow	1.09M	0.39M	0.92M	-1.23M	1.58M
Free Cash Flow Margin	+16.2%	+5.9%	+17.4%	-26.4%	+35.3%
Free Cash Flow Per Share	0.01	0.00	0.01	-0.01	0.01

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (KWD)

1-5

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Operating Summary
Revenue	6.69M	6.66M	5.32M	4.67M	4.48M
Cost of Revenue	5.41M	5.31M	4.20M	3.57M	3.25M
Gross Profit	1.28M	1.35M	1.11M	1.10M	1.23M
SG&A	0.54M	0.62M	0.43M	0.44M	0.44M
Operating Expenses	1.11M	1.13M	0.88M	0.88M	0.87M
Operating Income	170.87K	213.96K	231.47K	224.24K	359.17K
Interest Income	35.41K	14.97K	27.88K	43.47K	24.25K
Interest Expense	-267.14K	-268.84K	-194.40K	-155.37K	-160.86K
Other Income/Expense	77.35K	14.10K	42.24K	30.02K	19.82K
Pretax Income	31.49K	-184.97K	147.47K	142.36K	243.58K
Income Tax	0.85K	-1.29K	1.64K	2.01K	0.76K
Net Income	-63.33K	-302.61K	59.48K	57.58K	140.87K
EBITDA	586.94K	408.76K	560.11K	534.08K	662.90K
EBIT	170.87K	213.96K	231.47K	224.24K	359.17K
EPS (Basic)	-0.00	-0.00	0.00	0.00	0.00
EPS (Diluted)	-0.00	-0.00	0.00	0.00	0.00
Margins & Efficiency
Gross Margin %	+19.1%	+20.2%	+20.9%	+23.6%	+27.5%
EBITDA Margin %	+8.8%	+6.1%	+10.5%	+11.4%	+14.8%
Net Margin %	-0.9%	-4.5%	+1.1%	+1.2%	+3.1%
Revenue & Income
Revenue	6.69M	6.66M	5.32M	4.67M	4.48M
Revenue as Reported	6.69M	6.66M	5.32M	4.67M	4.48M
Revenue Growth (YoY)	+49.3%	-6.7%	+24.1%	+19.6%	+19.6%
Interest & Investment Income	35.41K	14.97K	27.88K	43.47K	24.25K
Earnings From Equity Investments	—	-221.37K	—	—	—
Gain (Loss) on Sale of Assets	15.00K	10.04K	40.29K	—	1.20K
Currency Exchange Gain (Loss)	—	-1.97K	—	—	—
Expenses & Provisions
Cost of Revenue	5.41M	5.31M	4.20M	3.57M	3.25M
Selling, General & Admin	0.54M	0.62M	0.43M	0.44M	0.44M
Operating Expenses	1.11M	1.13M	0.88M	0.88M	0.87M
Other Operating Expenses	2.13K	-3.23K	4.09K	4.98K	1.95K
Interest Expense	-267.14K	-268.84K	-194.40K	-155.37K	-160.86K
Other Non Operating Income (Expenses)	77.35K	14.10K	42.24K	30.02K	19.82K
Legal Settlements	—	22.13K	—	—	—
Asset Writedown	—	32.00K	—	—	—
D&A For EBITDA	416.06K	194.81K	328.63K	309.84K	303.73K
Profitability & Returns
Gross Profit	1.28M	1.35M	1.11M	1.10M	1.23M
Gross Margin	+19.1%	+20.2%	+20.9%	+23.6%	+27.5%
EBIT	170.87K	213.96K	231.47K	224.24K	359.17K
EBIT Margin	+2.6%	+3.2%	+4.4%	+4.8%	+8.0%
EBITDA	586.94K	408.76K	560.11K	534.08K	662.90K
EBITDA Margin	+8.8%	+6.1%	+10.5%	+11.4%	+14.8%
EBT Excluding Unusual Items	16.49K	-249.14K	107.19K	142.36K	242.38K
Pretax Income	31.49K	-184.97K	147.47K	142.36K	243.58K
Operating Income	170.87K	213.96K	231.47K	224.24K	359.17K
Operating Margin	+2.6%	+3.2%	+4.4%	+4.8%	+8.0%
Profit Margin	-0.9%	-4.5%	+1.1%	+1.2%	+3.1%
Net Income	-63.33K	-302.61K	59.48K	57.58K	140.87K
Net Income to Common	-63.33K	-302.61K	59.48K	57.58K	140.87K
Net Income Growth	—	—	+232.8%	—	+111,702.4%
Earnings From Continuing Ops.	30.64K	-183.68K	145.84K	140.35K	242.82K
Minority Interest in Earnings	-93.97K	-118.93K	-86.35K	-82.77K	-101.95K
Income Tax Expense	0.85K	-1.29K	1.64K	2.01K	0.76K
Effective Tax Rate	+2.7%	—	+1.1%	+1.4%	+0.3%
Per Share & Capital
EPS (Basic)	-0.00	-0.00	0.00	0.00	0.00
EPS (Diluted)	-0.00	-0.00	0.00	0.00	0.00
EPS Growth	—	—	+233.3%	—	+137,100.0%
Shares Change (YoY)	-0.47	—	—	—	0.89
Shares Outstanding (Basic)	90.09M	90.09M	90.09M	90.09M	90.09M
Shares Outstanding (Diluted)	90.09M	90.09M	90.09M	90.09M	170.00M
Free Cash Flow	1.09M	0.39M	0.92M	-1.23M	1.58M
Free Cash Flow Margin	+16.2%	+5.9%	+17.4%	-26.4%	+35.3%
Free Cash Flow Per Share	0.01	0.00	0.01	-0.01	0.01