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
Operating Summary
Revenue	6.66M	5.32M	4.67M	4.48M	7.14M
Cost of Revenue	5.31M	4.20M	3.57M	3.25M	6.05M
Gross Profit	1.35M	1.11M	1.10M	1.23M	1.10M
SG&A	0.62M	0.43M	0.44M	0.44M	0.50M
Operating Expenses	1.13M	0.88M	0.88M	0.87M	0.97M
Operating Income	213.96K	231.47K	224.24K	359.17K	129.81K
Interest Income	14.97K	27.88K	43.47K	24.25K	33.36K
Interest Expense	-268.84K	-194.40K	-155.37K	-160.86K	-190.16K
Other Income/Expense	14.10K	42.24K	30.02K	19.82K	7.51K
Pretax Income	-184.97K	147.47K	142.36K	243.58K	6.17K
Income Tax	-1.29K	1.64K	2.01K	0.76K	-0.17K
Net Income	-302.61K	59.48K	57.58K	140.87K	-67.70K
EBITDA	408.76K	560.11K	534.08K	662.90K	295.45K
EBIT	213.96K	231.47K	224.24K	359.17K	129.81K
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 %	+20.2%	+20.9%	+23.6%	+27.5%	+15.3%
EBITDA Margin %	+6.1%	+10.5%	+11.4%	+14.8%	+4.1%
Net Margin %	-4.5%	+1.1%	+1.2%	+3.1%	-0.9%
Revenue & Income
Revenue	6.66M	5.32M	4.67M	4.48M	7.14M
Revenue as Reported	6.66M	5.32M	4.67M	4.48M	7.14M
Revenue Growth (YoY)	-6.7%	+24.1%	+19.6%	+19.6%	+88.2%
Interest & Investment Income	14.97K	27.88K	43.47K	24.25K	33.36K
Earnings From Equity Investments	-221.37K	—	—	—	-0.90K
Gain (Loss) on Sale of Assets	10.04K	40.29K	—	1.20K	—
Currency Exchange Gain (Loss)	-1.97K	—	—	—	-0.14K
Expenses & Provisions
Cost of Revenue	5.31M	4.20M	3.57M	3.25M	6.05M
Selling, General & Admin	0.62M	0.43M	0.44M	0.44M	0.50M
Operating Expenses	1.13M	0.88M	0.88M	0.87M	0.97M
Other Operating Expenses	-3.23K	4.09K	4.98K	1.95K	-0.41K
Interest Expense	-268.84K	-194.40K	-155.37K	-160.86K	-190.16K
Other Non Operating Income (Expenses)	14.10K	42.24K	30.02K	19.82K	7.51K
Legal Settlements	22.13K	—	—	—	3.69K
Asset Writedown	32.00K	—	—	—	23.00K
D&A For EBITDA	194.81K	328.63K	309.84K	303.73K	165.64K
Profitability & Returns
Gross Profit	1.35M	1.11M	1.10M	1.23M	1.10M
Gross Margin	+20.2%	+20.9%	+23.6%	+27.5%	+15.3%
EBIT	213.96K	231.47K	224.24K	359.17K	129.81K
EBIT Margin	+3.2%	+4.4%	+4.8%	+8.0%	+1.8%
EBITDA	408.76K	560.11K	534.08K	662.90K	295.45K
EBITDA Margin	+6.1%	+10.5%	+11.4%	+14.8%	+4.1%
EBT Excluding Unusual Items	-249.14K	107.19K	142.36K	242.38K	-20.52K
Pretax Income	-184.97K	147.47K	142.36K	243.58K	6.17K
Operating Income	213.96K	231.47K	224.24K	359.17K	129.81K
Operating Margin	+3.2%	+4.4%	+4.8%	+8.0%	+1.8%
Profit Margin	-4.5%	+1.1%	+1.2%	+3.1%	-0.9%
Net Income	-302.61K	59.48K	57.58K	140.87K	-67.70K
Net Income to Common	-302.61K	59.48K	57.58K	140.87K	-67.70K
Net Income Growth	—	+232.8%	—	+111,702.4%	—
Earnings From Continuing Ops.	-183.68K	145.84K	140.35K	242.82K	6.34K
Minority Interest in Earnings	-118.93K	-86.35K	-82.77K	-101.95K	-74.04K
Income Tax Expense	-1.29K	1.64K	2.01K	0.76K	-0.17K
Effective Tax Rate	—	+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)	—	—	—	0.89	0
Shares Outstanding (Basic)	90.09M	90.09M	90.09M	90.09M	90.09M
Shares Outstanding (Diluted)	90.09M	90.09M	90.09M	170.00M	90.09M
Free Cash Flow	0.39M	0.92M	-1.23M	1.58M	-0.78M
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

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
Operating Summary
Revenue	6.66M	5.32M	4.67M	4.48M	7.14M
Cost of Revenue	5.31M	4.20M	3.57M	3.25M	6.05M
Gross Profit	1.35M	1.11M	1.10M	1.23M	1.10M
SG&A	0.62M	0.43M	0.44M	0.44M	0.50M
Operating Expenses	1.13M	0.88M	0.88M	0.87M	0.97M
Operating Income	213.96K	231.47K	224.24K	359.17K	129.81K
Interest Income	14.97K	27.88K	43.47K	24.25K	33.36K
Interest Expense	-268.84K	-194.40K	-155.37K	-160.86K	-190.16K
Other Income/Expense	14.10K	42.24K	30.02K	19.82K	7.51K
Pretax Income	-184.97K	147.47K	142.36K	243.58K	6.17K
Income Tax	-1.29K	1.64K	2.01K	0.76K	-0.17K
Net Income	-302.61K	59.48K	57.58K	140.87K	-67.70K
EBITDA	408.76K	560.11K	534.08K	662.90K	295.45K
EBIT	213.96K	231.47K	224.24K	359.17K	129.81K
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 %	+20.2%	+20.9%	+23.6%	+27.5%	+15.3%
EBITDA Margin %	+6.1%	+10.5%	+11.4%	+14.8%	+4.1%
Net Margin %	-4.5%	+1.1%	+1.2%	+3.1%	-0.9%
Revenue & Income
Revenue	6.66M	5.32M	4.67M	4.48M	7.14M
Revenue as Reported	6.66M	5.32M	4.67M	4.48M	7.14M
Revenue Growth (YoY)	-6.7%	+24.1%	+19.6%	+19.6%	+88.2%
Interest & Investment Income	14.97K	27.88K	43.47K	24.25K	33.36K
Earnings From Equity Investments	-221.37K	—	—	—	-0.90K
Gain (Loss) on Sale of Assets	10.04K	40.29K	—	1.20K	—
Currency Exchange Gain (Loss)	-1.97K	—	—	—	-0.14K
Expenses & Provisions
Cost of Revenue	5.31M	4.20M	3.57M	3.25M	6.05M
Selling, General & Admin	0.62M	0.43M	0.44M	0.44M	0.50M
Operating Expenses	1.13M	0.88M	0.88M	0.87M	0.97M
Other Operating Expenses	-3.23K	4.09K	4.98K	1.95K	-0.41K
Interest Expense	-268.84K	-194.40K	-155.37K	-160.86K	-190.16K
Other Non Operating Income (Expenses)	14.10K	42.24K	30.02K	19.82K	7.51K
Legal Settlements	22.13K	—	—	—	3.69K
Asset Writedown	32.00K	—	—	—	23.00K
D&A For EBITDA	194.81K	328.63K	309.84K	303.73K	165.64K
Profitability & Returns
Gross Profit	1.35M	1.11M	1.10M	1.23M	1.10M
Gross Margin	+20.2%	+20.9%	+23.6%	+27.5%	+15.3%
EBIT	213.96K	231.47K	224.24K	359.17K	129.81K
EBIT Margin	+3.2%	+4.4%	+4.8%	+8.0%	+1.8%
EBITDA	408.76K	560.11K	534.08K	662.90K	295.45K
EBITDA Margin	+6.1%	+10.5%	+11.4%	+14.8%	+4.1%
EBT Excluding Unusual Items	-249.14K	107.19K	142.36K	242.38K	-20.52K
Pretax Income	-184.97K	147.47K	142.36K	243.58K	6.17K
Operating Income	213.96K	231.47K	224.24K	359.17K	129.81K
Operating Margin	+3.2%	+4.4%	+4.8%	+8.0%	+1.8%
Profit Margin	-4.5%	+1.1%	+1.2%	+3.1%	-0.9%
Net Income	-302.61K	59.48K	57.58K	140.87K	-67.70K
Net Income to Common	-302.61K	59.48K	57.58K	140.87K	-67.70K
Net Income Growth	—	+232.8%	—	+111,702.4%	—
Earnings From Continuing Ops.	-183.68K	145.84K	140.35K	242.82K	6.34K
Minority Interest in Earnings	-118.93K	-86.35K	-82.77K	-101.95K	-74.04K
Income Tax Expense	-1.29K	1.64K	2.01K	0.76K	-0.17K
Effective Tax Rate	—	+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)	—	—	—	0.89	0
Shares Outstanding (Basic)	90.09M	90.09M	90.09M	90.09M	90.09M
Shares Outstanding (Diluted)	90.09M	90.09M	90.09M	170.00M	90.09M
Free Cash Flow	0.39M	0.92M	-1.23M	1.58M	-0.78M
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