National Industries Group (holding)

National Industries Group (Holding) SAK

NINDStocksBoursa KuwaitDiversified Financials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	12.58M	-9.81M	1.05M	10.38M	20.56M
Free Cash Flow	2.87M	-19.11M	-4.55M	1.45M	14.62M
Capital Expenditures	-9.70M	-9.31M	-5.60M	-8.93M	-5.94M
Investing & Financing
Investing Cash Flow	35.00M	37.55M	131.39M	-73.10M	31.85M
Financing Cash Flow	-40.63M	-32.46M	-36.70M	67.30M	-18.84M
Dividends Paid	-23.67M	-11.39M	-11.04M	-23.66M	—
Operating Activities
Operating Cash Flow	12.58M	-9.81M	1.05M	10.38M	20.56M
Net Income	72.98M	58.96M	24.88M	21.43M	78.63M
Change in Accounts Payable	15.47M	-1.05M	4.46M	9.41M	10.02M
Change in Accounts Receivable	-5.97M	-20.38M	-12.49M	-13.16M	-1.00M
Change in Inventory	1.38M	1.05M	-5.31M	-3.95M	-2.09M
Change in Other Net Operating Assets	-1.40M	—	—	—	—
Change in Working Capital	-33.16M	-54.82M	-5.44M	-4.91M	-76.09M
Other Operating Activities	33.37M	32.76M	28.66M	13.07M	31.89M
Provision & Write-off of Bad Debts	2.32M	2.14M	-0.46M	1.99M	3.80M
Depreciation & Amortization	13.55M	12.72M	13.12M	8.97M	9.17M
Cash Interest Paid	42.06M	43.85M	39.38M	26.61M	20.83M
Cash Income Tax Paid	0.62M	1.31M	0.88M	0.90M	0.96M
Miscellaneous Cash Flow Adjustments	—	—	—	—	—
Loss (Gain) on Equity Investments	-42.19M	-70.35M	-66.96M	-38.07M	-30.84M
Asset Writedown & Restructuring Costs	0.75M	4.70M	-0.81M	2.47M	-0.34M
Investing Activities
Investing Cash Flow	35.00M	37.55M	131.39M	-73.10M	31.85M
Capital Expenditures	-9.70M	-9.31M	-5.60M	-8.93M	-5.94M
Cash Acquisitions	—	—	-7.51M	-1.33M	—
Divestitures	—	—	—	—	4.00M
Investment in Securities	2.67M	9.78M	90.89M	-98.95M	22.80M
Other Investing Activities	44.08M	51.34M	53.48M	33.46M	12.55M
Sale (Purchase) of Intangibles	—	—	—	—	—
Sale (Purchase) of Real Estate	-2.05M	-14.27M	—	2.18M	-2.41M
Sale of Property, Plant & Equipment	—	—	117.00K	477.00K	847.00K
Loss (Gain) From Sale of Assets	—	—	—	—	-1.41M
Loss (Gain) on Sale of Investments	-35.05M	4.08M	8.07M	5.43M	5.86M
Financing Activities
Financing Cash Flow	-40.63M	-32.46M	-36.70M	67.30M	-18.84M
Common Dividends Paid	-23.67M	-11.39M	-11.04M	-23.66M	—
Issuance of Common Stock	—	—	—	104.38M	2.00M
Long-Term Debt Issued	68.09M	30.01M	21.58M	38.10M	29.61M
Total Debt Issued	68.09M	30.01M	21.58M	38.10M	29.61M
Long-Term Debt Repaid	-31.75M	-2.70M	-3.41M	-17.96M	-28.06M
Total Debt Repaid	-31.75M	-2.70M	-3.41M	-17.96M	-28.06M
Net Debt Issued (Repaid)	36.34M	27.31M	18.17M	20.14M	1.56M
Other Financing Activities	-53.30M	-48.37M	-43.83M	-33.56M	-22.39M
Free Cash Flow & Returns
Free Cash Flow	2.87M	-19.11M	-4.55M	1.45M	14.62M
Free Cash Flow Growth	—	—	—	-90.1%	-69.2%
Free Cash Flow Margin	+1.7%	-10.9%	-3.0%	+1.1%	+13.2%
Free Cash Flow Per Share	0.00	-0.01	-0.00	0.00	0.01
Levered Free Cash Flow	-52.25M	-64.26M	-41.17M	-24.70M	-80.07M
Unlevered Free Cash Flow	-26.42M	-36.56M	-15.69M	-8.96M	-66.82M
Operating Cash Flow Growth	—	—	-89.9%	-49.5%	-66.2%
Net Cash Flow	6.19M	-2.85M	95.17M	6.36M	33.08M
Foreign Exchange Rate Adjustments	-0.76M	1.87M	-0.57M	1.79M	-0.48M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	12.58M	-9.81M	1.05M	10.38M	20.56M
Free Cash Flow	2.87M	-19.11M	-4.55M	1.45M	14.62M
Capital Expenditures	-9.70M	-9.31M	-5.60M	-8.93M	-5.94M
Investing & Financing
Investing Cash Flow	35.00M	37.55M	131.39M	-73.10M	31.85M
Financing Cash Flow	-40.63M	-32.46M	-36.70M	67.30M	-18.84M
Dividends Paid	-23.67M	-11.39M	-11.04M	-23.66M	—
Operating Activities
Operating Cash Flow	12.58M	-9.81M	1.05M	10.38M	20.56M
Net Income	72.98M	58.96M	24.88M	21.43M	78.63M
Change in Accounts Payable	15.47M	-1.05M	4.46M	9.41M	10.02M
Change in Accounts Receivable	-5.97M	-20.38M	-12.49M	-13.16M	-1.00M
Change in Inventory	1.38M	1.05M	-5.31M	-3.95M	-2.09M
Change in Other Net Operating Assets	-1.40M	—	—	—	—
Change in Working Capital	-33.16M	-54.82M	-5.44M	-4.91M	-76.09M
Other Operating Activities	33.37M	32.76M	28.66M	13.07M	31.89M
Provision & Write-off of Bad Debts	2.32M	2.14M	-0.46M	1.99M	3.80M
Depreciation & Amortization	13.55M	12.72M	13.12M	8.97M	9.17M
Cash Interest Paid	42.06M	43.85M	39.38M	26.61M	20.83M
Cash Income Tax Paid	0.62M	1.31M	0.88M	0.90M	0.96M
Miscellaneous Cash Flow Adjustments	—	—	—	—	—
Loss (Gain) on Equity Investments	-42.19M	-70.35M	-66.96M	-38.07M	-30.84M
Asset Writedown & Restructuring Costs	0.75M	4.70M	-0.81M	2.47M	-0.34M
Investing Activities
Investing Cash Flow	35.00M	37.55M	131.39M	-73.10M	31.85M
Capital Expenditures	-9.70M	-9.31M	-5.60M	-8.93M	-5.94M
Cash Acquisitions	—	—	-7.51M	-1.33M	—
Divestitures	—	—	—	—	4.00M
Investment in Securities	2.67M	9.78M	90.89M	-98.95M	22.80M
Other Investing Activities	44.08M	51.34M	53.48M	33.46M	12.55M
Sale (Purchase) of Intangibles	—	—	—	—	—
Sale (Purchase) of Real Estate	-2.05M	-14.27M	—	2.18M	-2.41M
Sale of Property, Plant & Equipment	—	—	117.00K	477.00K	847.00K
Loss (Gain) From Sale of Assets	—	—	—	—	-1.41M
Loss (Gain) on Sale of Investments	-35.05M	4.08M	8.07M	5.43M	5.86M
Financing Activities
Financing Cash Flow	-40.63M	-32.46M	-36.70M	67.30M	-18.84M
Common Dividends Paid	-23.67M	-11.39M	-11.04M	-23.66M	—
Issuance of Common Stock	—	—	—	104.38M	2.00M
Long-Term Debt Issued	68.09M	30.01M	21.58M	38.10M	29.61M
Total Debt Issued	68.09M	30.01M	21.58M	38.10M	29.61M
Long-Term Debt Repaid	-31.75M	-2.70M	-3.41M	-17.96M	-28.06M
Total Debt Repaid	-31.75M	-2.70M	-3.41M	-17.96M	-28.06M
Net Debt Issued (Repaid)	36.34M	27.31M	18.17M	20.14M	1.56M
Other Financing Activities	-53.30M	-48.37M	-43.83M	-33.56M	-22.39M
Free Cash Flow & Returns
Free Cash Flow	2.87M	-19.11M	-4.55M	1.45M	14.62M
Free Cash Flow Growth	—	—	—	-90.1%	-69.2%
Free Cash Flow Margin	+1.7%	-10.9%	-3.0%	+1.1%	+13.2%
Free Cash Flow Per Share	0.00	-0.01	-0.00	0.00	0.01
Levered Free Cash Flow	-52.25M	-64.26M	-41.17M	-24.70M	-80.07M
Unlevered Free Cash Flow	-26.42M	-36.56M	-15.69M	-8.96M	-66.82M
Operating Cash Flow Growth	—	—	-89.9%	-49.5%	-66.2%
Net Cash Flow	6.19M	-2.85M	95.17M	6.36M	33.08M
Foreign Exchange Rate Adjustments	-0.76M	1.87M	-0.57M	1.79M	-0.48M