NATIONAL INTERNATIONAL HOLDING CO.

National International Co. (Holding) (K.S.C.)

NIHStocksBoursa KuwaitMaterials

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	0.36M	0.23M	2.64M	2.21M	1.50M
Cost of Revenue	0.63M	0.76M	0.70M	0.80M	0.68M
Gross Profit	-0.27M	-0.53M	1.94M	1.41M	0.82M
SG&A	338.87K	603.52K	369.41K	312.55K	475.23K
Operating Expenses	338.87K	624.47K	387.73K	336.28K	481.93K
Operating Income	-0.61M	-1.15M	1.55M	1.08M	0.34M
Interest Expense	-39.92K	-41.48K	-39.91K	-100.59K	-42.01K
Other Income/Expense	—	15.15K	-10.95K	-9.14K	-2.09K
Pretax Income	-0.65M	-0.87M	1.50M	0.97M	0.30M
Income Tax	—	-13.16K	7.33K	9.49K	2.68K
Net Income	-0.65M	-0.83M	1.51M	0.91M	0.32M
EBITDA	-0.58M	-1.12M	1.58M	1.11M	0.38M
EBIT	-0.61M	-1.15M	1.55M	1.08M	0.34M
EPS (Basic)	-0.00	-0.00	0.01	0.00	0.00
EPS (Diluted)	-0.00	-0.00	0.01	0.00	0.00
Margins & Efficiency
Gross Margin %	-75.9%	-229.1%	+73.5%	+64.0%	+54.9%
EBITDA Margin %	-161.2%	-485.0%	+60.0%	+50.3%	+25.0%
Net Margin %	-181.0%	-360.1%	+57.0%	+41.1%	+21.4%
Revenue & Income
Revenue	0.36M	0.23M	2.64M	2.21M	1.50M
Revenue as Reported	0.36M	0.54M	2.64M	2.21M	1.50M
Revenue Growth (YoY)	-76.2%	-92.2%	+7.6%	+51.3%	+15.2%
Operating Revenue	0.86M	1.20M	0.91M	1.05M	0.91M
Other Revenue	-0.50M	-0.97M	1.73M	1.16M	0.59M
Gain (Loss) on Sale of Assets	—	—	—	—	—
Gain (Loss) on Sale of Investments	—	—	—	—	—
Expenses & Provisions
Cost of Revenue	0.63M	0.76M	0.70M	0.80M	0.68M
Selling, General & Admin	338.87K	603.52K	369.41K	312.55K	475.23K
Operating Expenses	338.87K	624.47K	387.73K	336.28K	481.93K
Other Operating Expenses	—	-16.91K	18.32K	23.73K	6.71K
Interest Expense	-39.92K	-41.48K	-39.91K	-100.59K	-42.01K
Other Non Operating Income (Expenses)	—	15.15K	-10.95K	-9.14K	-2.09K
Asset Writedown	—	307.10K	—	—	—
D&A For EBITDA	33.74K	34.71K	33.01K	33.79K	33.81K
Profitability & Returns
Gross Profit	-0.27M	-0.53M	1.94M	1.41M	0.82M
Gross Margin	-75.9%	-229.1%	+73.5%	+64.0%	+54.9%
EBIT	-0.61M	-1.15M	1.55M	1.08M	0.34M
EBIT Margin	-170.6%	—	+58.8%	+48.8%	+22.8%
EBITDA	-0.58M	-1.12M	1.58M	1.11M	0.38M
EBITDA Margin	-161.2%	—	+60.0%	+50.3%	+25.0%
EBT Excluding Unusual Items	-0.65M	-1.18M	1.50M	0.97M	0.30M
Pretax Income	-0.65M	-0.87M	1.50M	0.97M	0.30M
Operating Income	-0.61M	-1.15M	1.55M	1.08M	0.34M
Operating Margin	-170.6%	-500.1%	+58.8%	+48.8%	+22.8%
Profit Margin	-181.0%	-360.1%	+57.0%	+41.1%	+21.4%
Net Income	-0.65M	-0.83M	1.51M	0.91M	0.32M
Net Income to Common	-0.65M	-0.83M	1.51M	0.91M	0.32M
Net Income Growth	—	—	+21.0%	+330.3%	+169.9%
Earnings From Continuing Ops.	-0.65M	-0.86M	1.49M	0.96M	0.30M
Minority Interest in Earnings	2.83K	28.62K	12.03K	-50.52K	26.60K
Income Tax Expense	—	-13.16K	7.33K	9.49K	2.68K
Effective Tax Rate	—	—	+0.5%	+1.0%	+0.9%
Per Share & Capital
EPS (Basic)	-0.00	-0.00	0.01	0.00	0.00
EPS (Diluted)	-0.00	-0.00	0.01	0.00	0.00
EPS Growth	—	—	+19.4%	+317.1%	+168.9%
Dividend Per Share	—	0.00	—	—	—
Shares Change (YoY)	0.01	-0	0.01	0.03	0
Shares Outstanding (Basic)	255.46M	255.46M	255.46M	255.46M	252.87M
Shares Outstanding (Diluted)	255.46M	255.46M	255.46M	255.46M	252.87M
Dividend Growth	—	—	—	—	—
Free Cash Flow	1.28M	-0.03M	-0.24M	2.34M	-0.21M
Free Cash Flow Margin	+356.7%	-11.5%	-9.1%	+106.0%	-14.2%
Free Cash Flow Per Share	0.01	0.00	-0.00	0.01	-0.00
Payout Ratio	—	—	+0.9%	+0.1%	+1.0%

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	0.36M	0.23M	2.64M	2.21M	1.50M
Cost of Revenue	0.63M	0.76M	0.70M	0.80M	0.68M
Gross Profit	-0.27M	-0.53M	1.94M	1.41M	0.82M
SG&A	338.87K	603.52K	369.41K	312.55K	475.23K
Operating Expenses	338.87K	624.47K	387.73K	336.28K	481.93K
Operating Income	-0.61M	-1.15M	1.55M	1.08M	0.34M
Interest Expense	-39.92K	-41.48K	-39.91K	-100.59K	-42.01K
Other Income/Expense	—	15.15K	-10.95K	-9.14K	-2.09K
Pretax Income	-0.65M	-0.87M	1.50M	0.97M	0.30M
Income Tax	—	-13.16K	7.33K	9.49K	2.68K
Net Income	-0.65M	-0.83M	1.51M	0.91M	0.32M
EBITDA	-0.58M	-1.12M	1.58M	1.11M	0.38M
EBIT	-0.61M	-1.15M	1.55M	1.08M	0.34M
EPS (Basic)	-0.00	-0.00	0.01	0.00	0.00
EPS (Diluted)	-0.00	-0.00	0.01	0.00	0.00
Margins & Efficiency
Gross Margin %	-75.9%	-229.1%	+73.5%	+64.0%	+54.9%
EBITDA Margin %	-161.2%	-485.0%	+60.0%	+50.3%	+25.0%
Net Margin %	-181.0%	-360.1%	+57.0%	+41.1%	+21.4%
Revenue & Income
Revenue	0.36M	0.23M	2.64M	2.21M	1.50M
Revenue as Reported	0.36M	0.54M	2.64M	2.21M	1.50M
Revenue Growth (YoY)	-76.2%	-92.2%	+7.6%	+51.3%	+15.2%
Operating Revenue	0.86M	1.20M	0.91M	1.05M	0.91M
Other Revenue	-0.50M	-0.97M	1.73M	1.16M	0.59M
Gain (Loss) on Sale of Assets	—	—	—	—	—
Gain (Loss) on Sale of Investments	—	—	—	—	—
Expenses & Provisions
Cost of Revenue	0.63M	0.76M	0.70M	0.80M	0.68M
Selling, General & Admin	338.87K	603.52K	369.41K	312.55K	475.23K
Operating Expenses	338.87K	624.47K	387.73K	336.28K	481.93K
Other Operating Expenses	—	-16.91K	18.32K	23.73K	6.71K
Interest Expense	-39.92K	-41.48K	-39.91K	-100.59K	-42.01K
Other Non Operating Income (Expenses)	—	15.15K	-10.95K	-9.14K	-2.09K
Asset Writedown	—	307.10K	—	—	—
D&A For EBITDA	33.74K	34.71K	33.01K	33.79K	33.81K
Profitability & Returns
Gross Profit	-0.27M	-0.53M	1.94M	1.41M	0.82M
Gross Margin	-75.9%	-229.1%	+73.5%	+64.0%	+54.9%
EBIT	-0.61M	-1.15M	1.55M	1.08M	0.34M
EBIT Margin	-170.6%	—	+58.8%	+48.8%	+22.8%
EBITDA	-0.58M	-1.12M	1.58M	1.11M	0.38M
EBITDA Margin	-161.2%	—	+60.0%	+50.3%	+25.0%
EBT Excluding Unusual Items	-0.65M	-1.18M	1.50M	0.97M	0.30M
Pretax Income	-0.65M	-0.87M	1.50M	0.97M	0.30M
Operating Income	-0.61M	-1.15M	1.55M	1.08M	0.34M
Operating Margin	-170.6%	-500.1%	+58.8%	+48.8%	+22.8%
Profit Margin	-181.0%	-360.1%	+57.0%	+41.1%	+21.4%
Net Income	-0.65M	-0.83M	1.51M	0.91M	0.32M
Net Income to Common	-0.65M	-0.83M	1.51M	0.91M	0.32M
Net Income Growth	—	—	+21.0%	+330.3%	+169.9%
Earnings From Continuing Ops.	-0.65M	-0.86M	1.49M	0.96M	0.30M
Minority Interest in Earnings	2.83K	28.62K	12.03K	-50.52K	26.60K
Income Tax Expense	—	-13.16K	7.33K	9.49K	2.68K
Effective Tax Rate	—	—	+0.5%	+1.0%	+0.9%
Per Share & Capital
EPS (Basic)	-0.00	-0.00	0.01	0.00	0.00
EPS (Diluted)	-0.00	-0.00	0.01	0.00	0.00
EPS Growth	—	—	+19.4%	+317.1%	+168.9%
Dividend Per Share	—	0.00	—	—	—
Shares Change (YoY)	0.01	-0	0.01	0.03	0
Shares Outstanding (Basic)	255.46M	255.46M	255.46M	255.46M	252.87M
Shares Outstanding (Diluted)	255.46M	255.46M	255.46M	255.46M	252.87M
Dividend Growth	—	—	—	—	—
Free Cash Flow	1.28M	-0.03M	-0.24M	2.34M	-0.21M
Free Cash Flow Margin	+356.7%	-11.5%	-9.1%	+106.0%	-14.2%
Free Cash Flow Per Share	0.01	0.00	-0.00	0.01	-0.00
Payout Ratio	—	—	+0.9%	+0.1%	+1.0%