National Investments Company

National Investments Co. KSC Closed

NINVStocksBoursa KuwaitDiversified Financials

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	-7.59M	-1.84M	-7.57M	16.59M	8.81M
Free Cash Flow	-8.10M	-2.24M	-7.89M	16.34M	8.70M
Capital Expenditures	-511.00K	-402.00K	-315.00K	-248.00K	-105.00K
Investing & Financing
Investing Cash Flow	2.07M	7.43M	15.00M	15.35M	3.84M
Financing Cash Flow	6.55M	-10.22M	-18.33M	-38.41M	11.85M
Dividends Paid	-17.39M	-11.92M	-24.51M	-34.37M	-8.38M
Share Repurchase	-158.00K	—	—	-235.00K	—
Operating Activities
Operating Cash Flow	-7.59M	-1.84M	-7.57M	16.59M	8.81M
Net Income	24.04M	12.13M	4.14M	8.74M	24.39M
Change in Accounts Payable	0.80M	2.47M	-0.64M	-1.09M	1.96M
Change in Other Net Operating Assets	-4.85M	-1.98M	0.63M	0.54M	-0.49M
Change in Working Capital	-16.57M	-8.03M	-17.45M	3.59M	-1.40M
Other Operating Activities	6.00M	5.93M	0.54M	0.86M	5.12M
Provision & Write-off of Bad Debts	6.00K	-8.00K	2.00K	18.00K	93.00K
Depreciation & Amortization	311.00K	286.00K	245.00K	248.00K	298.00K
Other Amortization	66.00K	64.00K	78.00K	78.00K	7.00K
Cash Interest Paid	3.13M	2.70M	1.71M	1.17M	0.64M
Cash Income Tax Paid	0.79M	0.36M	0.24M	1.02M	0.04M
Loss (Gain) on Equity Investments	-1.74M	-2.63M	-1.13M	-0.52M	-0.64M
Asset Writedown & Restructuring Costs	710.00K	-510.00K	-44.00K	-982.00K	515.00K
Investing Activities
Investing Cash Flow	2.07M	7.43M	15.00M	15.35M	3.84M
Capital Expenditures	-511.00K	-402.00K	-315.00K	-248.00K	-105.00K
Cash Acquisitions	-0.06M	—	—	-1.49M	—
Investment in Securities	-1.24M	3.92M	11.76M	14.81M	-1.68M
Other Investing Activities	1.94M	2.84M	3.49M	0.73M	3.47M
Sale (Purchase) of Real Estate	1.79M	1.04M	—	1.82M	2.16M
Loss (Gain) From Sale of Assets	-232.00K	-75.00K	—	-166.00K	-140.00K
Loss (Gain) on Sale of Investments	-20.17M	-9.00M	6.05M	4.73M	-19.43M
Financing Activities
Financing Cash Flow	6.55M	-10.22M	-18.33M	-38.41M	11.85M
Common Dividends Paid	-17.39M	-11.92M	-24.51M	-34.37M	-8.38M
Issuance of Common Stock	—	—	—	—	520.00K
Repurchase of Common Stock	-158.00K	—	—	-235.00K	—
Long-Term Debt Issued	30.00M	7.75M	12.00M	—	23.00M
Total Debt Issued	30.00M	7.75M	12.00M	—	23.00M
Long-Term Debt Repaid	-2.50M	-1.43M	-3.59M	-1.48M	-2.04M
Total Debt Repaid	-2.50M	-1.43M	-3.59M	-1.48M	-2.04M
Net Debt Issued (Repaid)	27.50M	6.32M	8.41M	-1.48M	20.96M
Other Financing Activities	-3.40M	-4.62M	-2.22M	-2.32M	-1.26M
Free Cash Flow & Returns
Free Cash Flow	-8.10M	-2.24M	-7.89M	16.34M	8.70M
Free Cash Flow Growth	—	—	—	+87.7%	—
Free Cash Flow Margin	-17.5%	-7.4%	-59.2%	+88.3%	+22.0%
Free Cash Flow Per Share	-0.01	-0.00	-0.01	0.02	0.01
Levered Free Cash Flow	9.09M	17.19M	-6.36M	6.67M	10.12M
Unlevered Free Cash Flow	11.31M	18.91M	-5.21M	7.42M	10.54M
Operating Cash Flow Growth	—	—	—	+88.3%	—
Net Cash Flow	1.03M	-4.63M	-10.90M	-6.47M	24.50M

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	-7.59M	-1.84M	-7.57M	16.59M	8.81M
Free Cash Flow	-8.10M	-2.24M	-7.89M	16.34M	8.70M
Capital Expenditures	-511.00K	-402.00K	-315.00K	-248.00K	-105.00K
Investing & Financing
Investing Cash Flow	2.07M	7.43M	15.00M	15.35M	3.84M
Financing Cash Flow	6.55M	-10.22M	-18.33M	-38.41M	11.85M
Dividends Paid	-17.39M	-11.92M	-24.51M	-34.37M	-8.38M
Share Repurchase	-158.00K	—	—	-235.00K	—
Operating Activities
Operating Cash Flow	-7.59M	-1.84M	-7.57M	16.59M	8.81M
Net Income	24.04M	12.13M	4.14M	8.74M	24.39M
Change in Accounts Payable	0.80M	2.47M	-0.64M	-1.09M	1.96M
Change in Other Net Operating Assets	-4.85M	-1.98M	0.63M	0.54M	-0.49M
Change in Working Capital	-16.57M	-8.03M	-17.45M	3.59M	-1.40M
Other Operating Activities	6.00M	5.93M	0.54M	0.86M	5.12M
Provision & Write-off of Bad Debts	6.00K	-8.00K	2.00K	18.00K	93.00K
Depreciation & Amortization	311.00K	286.00K	245.00K	248.00K	298.00K
Other Amortization	66.00K	64.00K	78.00K	78.00K	7.00K
Cash Interest Paid	3.13M	2.70M	1.71M	1.17M	0.64M
Cash Income Tax Paid	0.79M	0.36M	0.24M	1.02M	0.04M
Loss (Gain) on Equity Investments	-1.74M	-2.63M	-1.13M	-0.52M	-0.64M
Asset Writedown & Restructuring Costs	710.00K	-510.00K	-44.00K	-982.00K	515.00K
Investing Activities
Investing Cash Flow	2.07M	7.43M	15.00M	15.35M	3.84M
Capital Expenditures	-511.00K	-402.00K	-315.00K	-248.00K	-105.00K
Cash Acquisitions	-0.06M	—	—	-1.49M	—
Investment in Securities	-1.24M	3.92M	11.76M	14.81M	-1.68M
Other Investing Activities	1.94M	2.84M	3.49M	0.73M	3.47M
Sale (Purchase) of Real Estate	1.79M	1.04M	—	1.82M	2.16M
Loss (Gain) From Sale of Assets	-232.00K	-75.00K	—	-166.00K	-140.00K
Loss (Gain) on Sale of Investments	-20.17M	-9.00M	6.05M	4.73M	-19.43M
Financing Activities
Financing Cash Flow	6.55M	-10.22M	-18.33M	-38.41M	11.85M
Common Dividends Paid	-17.39M	-11.92M	-24.51M	-34.37M	-8.38M
Issuance of Common Stock	—	—	—	—	520.00K
Repurchase of Common Stock	-158.00K	—	—	-235.00K	—
Long-Term Debt Issued	30.00M	7.75M	12.00M	—	23.00M
Total Debt Issued	30.00M	7.75M	12.00M	—	23.00M
Long-Term Debt Repaid	-2.50M	-1.43M	-3.59M	-1.48M	-2.04M
Total Debt Repaid	-2.50M	-1.43M	-3.59M	-1.48M	-2.04M
Net Debt Issued (Repaid)	27.50M	6.32M	8.41M	-1.48M	20.96M
Other Financing Activities	-3.40M	-4.62M	-2.22M	-2.32M	-1.26M
Free Cash Flow & Returns
Free Cash Flow	-8.10M	-2.24M	-7.89M	16.34M	8.70M
Free Cash Flow Growth	—	—	—	+87.7%	—
Free Cash Flow Margin	-17.5%	-7.4%	-59.2%	+88.3%	+22.0%
Free Cash Flow Per Share	-0.01	-0.00	-0.01	0.02	0.01
Levered Free Cash Flow	9.09M	17.19M	-6.36M	6.67M	10.12M
Unlevered Free Cash Flow	11.31M	18.91M	-5.21M	7.42M	10.54M
Operating Cash Flow Growth	—	—	—	+88.3%	—
Net Cash Flow	1.03M	-4.63M	-10.90M	-6.47M	24.50M