National Industries Company

National Industries Company for Building Materials

NICBMStocksBoursa KuwaitIndustrials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	10.85M	7.49M	12.68M	6.71M	7.13M
Free Cash Flow	7.33M	4.83M	10.65M	4.59M	5.58M
Capital Expenditures	-3.52M	-2.66M	-2.03M	-2.12M	-1.55M
Investing & Financing
Investing Cash Flow	-3.72M	-0.46M	-15.09M	3.17M	-2.24M
Financing Cash Flow	-6.03M	-3.47M	-5.59M	-7.08M	-1.25M
Dividends Paid	-3.47M	-3.51M	-3.51M	-3.51M	—
Share Repurchase	-1.11M	-0.29M	-0.14M	-0.31M	-0.10M
Operating Activities
Operating Cash Flow	10.85M	7.49M	12.68M	6.71M	7.13M
Net Income	3.59M	6.06M	3.85M	4.38M	4.51M
Change in Accounts Payable	1.33M	-0.83M	2.49M	1.11M	1.86M
Change in Accounts Receivable	-0.30M	0.66M	-0.75M	-2.11M	-1.76M
Change in Inventory	1.79M	-1.60M	2.89M	-1.82M	-1.68M
Change in Working Capital	2.22M	-2.08M	4.84M	-2.80M	-2.48M
Other Operating Activities	-0.40M	-2.03M	-0.99M	-0.26M	1.09M
Provision & Write-off of Bad Debts	299.12K	616.45K	48.81K	210.27K	227.47K
Depreciation & Amortization	4.36M	4.81M	4.60M	4.32M	4.29M
Stock-Based Compensation	383.41K	237.07K	253.38K	301.68K	—
Cash Interest Paid	125.28K	99.89K	119.02K	139.07K	66.78K
Miscellaneous Cash Flow Adjustments	—	-7.30K	-7.30K	-603.65K	-456.24K
Loss (Gain) on Equity Investments	325.36K	158.77K	244.73K	252.38K	104.62K
Asset Writedown & Restructuring Costs	318.77K	-361.21K	-86.95K	-175.35K	-516.45K
Investing Activities
Investing Cash Flow	-3.72M	-0.46M	-15.09M	3.17M	-2.24M
Capital Expenditures	-3.52M	-2.66M	-2.03M	-2.12M	-1.55M
Investment in Securities	-0.56M	5.35M	-14.45M	1.66M	1.96M
Other Investing Activities	1.34M	1.61M	1.38M	3.70M	0.37M
Sale (Purchase) of Real Estate	-0.98M	-4.75M	—	-0.07M	-3.03M
Sale of Property, Plant & Equipment	—	—	2.30K	—	—
Loss (Gain) on Sale of Investments	-235.00K	85.00K	150.00K	—	—
Financing Activities
Financing Cash Flow	-6.03M	-3.47M	-5.59M	-7.08M	-1.25M
Common Dividends Paid	-3.47M	-3.51M	-3.51M	-3.51M	—
Repurchase of Common Stock	-1.11M	-0.29M	-0.14M	-0.31M	-0.10M
Short-Term Debt Issued	—	1.70M	—	—	0.38M
Total Debt Issued	—	1.70M	—	—	0.38M
Long-Term Debt Repaid	-0.99M	-1.27M	-1.46M	-1.16M	-1.47M
Short-Term Debt Repaid	-340.00K	—	—	-378.67K	—
Total Debt Repaid	-1.33M	-1.27M	-1.46M	-1.54M	-1.47M
Net Debt Issued (Repaid)	-1.33M	0.43M	-1.46M	-1.54M	-1.09M
Other Financing Activities	-0.13M	-0.10M	-0.49M	-1.72M	-0.07M
Free Cash Flow & Returns
Free Cash Flow	7.33M	4.83M	10.65M	4.59M	5.58M
Free Cash Flow Growth	+51.9%	-54.7%	+131.8%	-17.7%	+138.4%
Free Cash Flow Margin	+13.5%	+9.4%	+21.3%	+9.5%	+13.0%
Free Cash Flow Per Share	0.02	0.01	0.03	0.01	0.02
Levered Free Cash Flow	5.80M	-0.38M	9.85M	5.86M	5.56M
Unlevered Free Cash Flow	5.91M	-0.27M	9.92M	5.94M	5.60M
Operating Cash Flow Growth	+44.9%	-40.9%	+88.9%	-5.8%	+72.0%
Net Cash Flow	1.10M	3.56M	-8.02M	2.20M	3.17M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	10.85M	7.49M	12.68M	6.71M	7.13M
Free Cash Flow	7.33M	4.83M	10.65M	4.59M	5.58M
Capital Expenditures	-3.52M	-2.66M	-2.03M	-2.12M	-1.55M
Investing & Financing
Investing Cash Flow	-3.72M	-0.46M	-15.09M	3.17M	-2.24M
Financing Cash Flow	-6.03M	-3.47M	-5.59M	-7.08M	-1.25M
Dividends Paid	-3.47M	-3.51M	-3.51M	-3.51M	—
Share Repurchase	-1.11M	-0.29M	-0.14M	-0.31M	-0.10M
Operating Activities
Operating Cash Flow	10.85M	7.49M	12.68M	6.71M	7.13M
Net Income	3.59M	6.06M	3.85M	4.38M	4.51M
Change in Accounts Payable	1.33M	-0.83M	2.49M	1.11M	1.86M
Change in Accounts Receivable	-0.30M	0.66M	-0.75M	-2.11M	-1.76M
Change in Inventory	1.79M	-1.60M	2.89M	-1.82M	-1.68M
Change in Working Capital	2.22M	-2.08M	4.84M	-2.80M	-2.48M
Other Operating Activities	-0.40M	-2.03M	-0.99M	-0.26M	1.09M
Provision & Write-off of Bad Debts	299.12K	616.45K	48.81K	210.27K	227.47K
Depreciation & Amortization	4.36M	4.81M	4.60M	4.32M	4.29M
Stock-Based Compensation	383.41K	237.07K	253.38K	301.68K	—
Cash Interest Paid	125.28K	99.89K	119.02K	139.07K	66.78K
Miscellaneous Cash Flow Adjustments	—	-7.30K	-7.30K	-603.65K	-456.24K
Loss (Gain) on Equity Investments	325.36K	158.77K	244.73K	252.38K	104.62K
Asset Writedown & Restructuring Costs	318.77K	-361.21K	-86.95K	-175.35K	-516.45K
Investing Activities
Investing Cash Flow	-3.72M	-0.46M	-15.09M	3.17M	-2.24M
Capital Expenditures	-3.52M	-2.66M	-2.03M	-2.12M	-1.55M
Investment in Securities	-0.56M	5.35M	-14.45M	1.66M	1.96M
Other Investing Activities	1.34M	1.61M	1.38M	3.70M	0.37M
Sale (Purchase) of Real Estate	-0.98M	-4.75M	—	-0.07M	-3.03M
Sale of Property, Plant & Equipment	—	—	2.30K	—	—
Loss (Gain) on Sale of Investments	-235.00K	85.00K	150.00K	—	—
Financing Activities
Financing Cash Flow	-6.03M	-3.47M	-5.59M	-7.08M	-1.25M
Common Dividends Paid	-3.47M	-3.51M	-3.51M	-3.51M	—
Repurchase of Common Stock	-1.11M	-0.29M	-0.14M	-0.31M	-0.10M
Short-Term Debt Issued	—	1.70M	—	—	0.38M
Total Debt Issued	—	1.70M	—	—	0.38M
Long-Term Debt Repaid	-0.99M	-1.27M	-1.46M	-1.16M	-1.47M
Short-Term Debt Repaid	-340.00K	—	—	-378.67K	—
Total Debt Repaid	-1.33M	-1.27M	-1.46M	-1.54M	-1.47M
Net Debt Issued (Repaid)	-1.33M	0.43M	-1.46M	-1.54M	-1.09M
Other Financing Activities	-0.13M	-0.10M	-0.49M	-1.72M	-0.07M
Free Cash Flow & Returns
Free Cash Flow	7.33M	4.83M	10.65M	4.59M	5.58M
Free Cash Flow Growth	+51.9%	-54.7%	+131.8%	-17.7%	+138.4%
Free Cash Flow Margin	+13.5%	+9.4%	+21.3%	+9.5%	+13.0%
Free Cash Flow Per Share	0.02	0.01	0.03	0.01	0.02
Levered Free Cash Flow	5.80M	-0.38M	9.85M	5.86M	5.56M
Unlevered Free Cash Flow	5.91M	-0.27M	9.92M	5.94M	5.60M
Operating Cash Flow Growth	+44.9%	-40.9%	+88.9%	-5.8%	+72.0%
Net Cash Flow	1.10M	3.56M	-8.02M	2.20M	3.17M