NATIONAL MOBILE TELECOMMUNICATIONS CO.

National Mobile Telecommunications Company K.S.C.

OOREDOOStocksBoursa KuwaitTelecommunications

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
Assets
Cash & Equivalents	284.44M	280.70M	233.16M	158.51M	124.41M
Cash & Short-Term Investments	284.44M	280.70M	233.16M	158.51M	124.41M
Receivables	165.61M	150.92M	149.13M	151.29M	133.48M
Inventory	10.78M	10.58M	11.25M	15.15M	11.93M
Current Assets	502.55M	472.38M	422.62M	354.27M	303.37M
PP&E	691.32M	590.08M	562.86M	539.47M	549.52M
Goodwill	117.09M	115.11M	127.52M	148.53M	158.94M
Intangible Assets	168.16M	84.29M	89.73M	110.97M	123.89M
Total Assets	1.52B	1.30B	1.25B	1.19B	1.17B
Liabilities
Accounts Payable	110.25M	98.25M	86.54M	84.34M	83.90M
Current Liabilities	551.69M	428.51M	405.85M	405.54M	393.32M
Long-Term Debt	28.59M	35.22M	7.06M	7.87M	12.70M
Short-Term Debt	10.01M	10.00M	—	—	—
Total Debt	250.77M	220.66M	161.96M	141.16M	150.02M
Total Liabilities	786.45M	639.88M	561.89M	554.97M	538.78M
Equity & Ownership
Retained Earnings	804.76M	772.82M	793.68M	756.05M	734.24M
Total Equity	736.31M	664.78M	684.80M	635.48M	632.74M
Net Debt	-33.68M	-60.05M	-71.21M	-17.35M	25.61M
Shares Outstanding	501,162,000	501,162,000	501,162,000	501,162,000	501,162,000
Cash & Assets
Total Assets	1.52B	1.30B	1.25B	1.19B	1.17B
Total Current Assets	502.55M	472.38M	422.62M	354.27M	303.37M
Cash & Equivalents	284.44M	280.70M	233.16M	158.51M	124.41M
Cash & Short-Term Investments	284.44M	280.70M	233.16M	158.51M	124.41M
Net Cash (Debt)	33.68M	60.05M	71.21M	17.35M	-25.61M
Net Cash Per Share	0.07	0.12	0.14	0.03	-0.05
Cash Growth	+1.3%	+20.4%	+47.1%	+27.4%	+19.3%
Net Cash Growth	-43.9%	-15.7%	+310.4%	—	—
Accounts Receivable	151.84M	137.00M	144.15M	145.43M	129.46M
Other Receivables	13.77M	13.92M	4.99M	5.86M	4.02M
Receivables	165.61M	150.92M	149.13M	151.29M	133.48M
Inventory	10.78M	10.58M	11.25M	15.15M	11.93M
Construction In Progress	83.97M	52.84M	64.03M	61.35M	61.42M
Land	75.72M	73.85M	70.15M	65.16M	64.47M
Property, Plant & Equipment	691.32M	590.08M	562.86M	539.47M	549.52M
Goodwill	117.09M	115.11M	127.52M	148.53M	158.94M
Other Intangible Assets	168.16M	84.29M	89.73M	110.97M	123.89M
Other Current Assets	41.71M	30.18M	29.08M	29.33M	33.56M
Other Long-Term Assets	12.71M	13.46M	13.66M	7.58M	7.20M
Long-Term Deferred Tax Assets	26.33M	26.29M	27.12M	26.56M	25.19M
Long-Term Leases	168.42M	143.34M	123.60M	102.97M	100.71M
Current Portion of Leases	31.99M	28.51M	24.50M	22.45M	20.14M
Long-Term Deferred Charges	1.90M	1.51M	2.09M	1.85M	1.79M
Loans & Investments
Long-Term Investments	2.71M	1.54M	1.09M	1.21M	1.60M
Liabilities & Obligations
Total Liabilities	786.45M	639.88M	561.89M	554.97M	538.78M
Total Liabilities & Equity	1.52B	1.30B	1.25B	1.19B	1.17B
Total Current Liabilities	551.69M	428.51M	405.85M	405.54M	393.32M
Accounts Payable	110.25M	98.25M	86.54M	84.34M	83.90M
Accrued Expenses	240.14M	162.82M	168.88M	179.31M	207.22M
Current Income Taxes Payable	53.33M	47.78M	42.45M	34.85M	10.55M
Current Unearned Revenue	53.24M	43.37M	42.05M	38.92M	37.12M
Long-Term Unearned Revenue	1.41M	1.21M	1.13M	0.88M	0.83M
Other Current Liabilities	40.96M	34.19M	34.63M	37.80M	17.92M
Pension & Post-Retirement Benefits	14.91M	13.24M	12.47M	12.06M	12.65M
Other Long-Term Liabilities	21.44M	18.36M	11.79M	25.65M	18.58M
Debt & Funding
Long-Term Debt	28.59M	35.22M	7.06M	7.87M	12.70M
Short-Term Debt	10.01M	10.00M	—	—	—
Total Debt	250.77M	220.66M	161.96M	141.16M	150.02M
Current Portion of Long-Term Debt	11.77M	3.57M	6.81M	7.87M	16.47M
Equity & Book Value
Shareholders' Equity	736.31M	664.78M	684.80M	635.48M	632.74M
Total Common Equity	620.43M	562.78M	590.32M	546.47M	538.75M
Common Stock	50.40M	50.40M	50.40M	50.40M	50.40M
Additional Paid-In Capital	73.55M	73.55M	73.55M	73.55M	73.55M
Retained Earnings	804.76M	772.82M	793.68M	756.05M	734.24M
Treasury Stock	-3.60M	-3.60M	-3.60M	-3.60M	-3.60M
Comprehensive Income & Other	-304.68M	-330.39M	-323.71M	-329.93M	-315.85M
Minority Interest	115.89M	102.00M	94.48M	89.00M	93.99M
Book Value Per Share	1.24	1.12	1.18	1.09	1.08
Tangible Book Value	335.18M	363.39M	373.07M	286.97M	255.92M
Tangible Book Value Per Share	0.67	0.73	0.74	0.57	0.51
Filing Date Shares Outstanding	501.16M	501.16M	501.16M	501.16M	501.16M
Total Common Shares Outstanding	501.16M	501.16M	501.16M	501.16M	501.16M
Working Capital	-49.14M	43.88M	16.77M	-51.26M	-89.95M

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
Assets
Cash & Equivalents	284.44M	280.70M	233.16M	158.51M	124.41M
Cash & Short-Term Investments	284.44M	280.70M	233.16M	158.51M	124.41M
Receivables	165.61M	150.92M	149.13M	151.29M	133.48M
Inventory	10.78M	10.58M	11.25M	15.15M	11.93M
Current Assets	502.55M	472.38M	422.62M	354.27M	303.37M
PP&E	691.32M	590.08M	562.86M	539.47M	549.52M
Goodwill	117.09M	115.11M	127.52M	148.53M	158.94M
Intangible Assets	168.16M	84.29M	89.73M	110.97M	123.89M
Total Assets	1.52B	1.30B	1.25B	1.19B	1.17B
Liabilities
Accounts Payable	110.25M	98.25M	86.54M	84.34M	83.90M
Current Liabilities	551.69M	428.51M	405.85M	405.54M	393.32M
Long-Term Debt	28.59M	35.22M	7.06M	7.87M	12.70M
Short-Term Debt	10.01M	10.00M	—	—	—
Total Debt	250.77M	220.66M	161.96M	141.16M	150.02M
Total Liabilities	786.45M	639.88M	561.89M	554.97M	538.78M
Equity & Ownership
Retained Earnings	804.76M	772.82M	793.68M	756.05M	734.24M
Total Equity	736.31M	664.78M	684.80M	635.48M	632.74M
Net Debt	-33.68M	-60.05M	-71.21M	-17.35M	25.61M
Shares Outstanding	501,162,000	501,162,000	501,162,000	501,162,000	501,162,000
Cash & Assets
Total Assets	1.52B	1.30B	1.25B	1.19B	1.17B
Total Current Assets	502.55M	472.38M	422.62M	354.27M	303.37M
Cash & Equivalents	284.44M	280.70M	233.16M	158.51M	124.41M
Cash & Short-Term Investments	284.44M	280.70M	233.16M	158.51M	124.41M
Net Cash (Debt)	33.68M	60.05M	71.21M	17.35M	-25.61M
Net Cash Per Share	0.07	0.12	0.14	0.03	-0.05
Cash Growth	+1.3%	+20.4%	+47.1%	+27.4%	+19.3%
Net Cash Growth	-43.9%	-15.7%	+310.4%	—	—
Accounts Receivable	151.84M	137.00M	144.15M	145.43M	129.46M
Other Receivables	13.77M	13.92M	4.99M	5.86M	4.02M
Receivables	165.61M	150.92M	149.13M	151.29M	133.48M
Inventory	10.78M	10.58M	11.25M	15.15M	11.93M
Construction In Progress	83.97M	52.84M	64.03M	61.35M	61.42M
Land	75.72M	73.85M	70.15M	65.16M	64.47M
Property, Plant & Equipment	691.32M	590.08M	562.86M	539.47M	549.52M
Goodwill	117.09M	115.11M	127.52M	148.53M	158.94M
Other Intangible Assets	168.16M	84.29M	89.73M	110.97M	123.89M
Other Current Assets	41.71M	30.18M	29.08M	29.33M	33.56M
Other Long-Term Assets	12.71M	13.46M	13.66M	7.58M	7.20M
Long-Term Deferred Tax Assets	26.33M	26.29M	27.12M	26.56M	25.19M
Long-Term Leases	168.42M	143.34M	123.60M	102.97M	100.71M
Current Portion of Leases	31.99M	28.51M	24.50M	22.45M	20.14M
Long-Term Deferred Charges	1.90M	1.51M	2.09M	1.85M	1.79M
Loans & Investments
Long-Term Investments	2.71M	1.54M	1.09M	1.21M	1.60M
Liabilities & Obligations
Total Liabilities	786.45M	639.88M	561.89M	554.97M	538.78M
Total Liabilities & Equity	1.52B	1.30B	1.25B	1.19B	1.17B
Total Current Liabilities	551.69M	428.51M	405.85M	405.54M	393.32M
Accounts Payable	110.25M	98.25M	86.54M	84.34M	83.90M
Accrued Expenses	240.14M	162.82M	168.88M	179.31M	207.22M
Current Income Taxes Payable	53.33M	47.78M	42.45M	34.85M	10.55M
Current Unearned Revenue	53.24M	43.37M	42.05M	38.92M	37.12M
Long-Term Unearned Revenue	1.41M	1.21M	1.13M	0.88M	0.83M
Other Current Liabilities	40.96M	34.19M	34.63M	37.80M	17.92M
Pension & Post-Retirement Benefits	14.91M	13.24M	12.47M	12.06M	12.65M
Other Long-Term Liabilities	21.44M	18.36M	11.79M	25.65M	18.58M
Debt & Funding
Long-Term Debt	28.59M	35.22M	7.06M	7.87M	12.70M
Short-Term Debt	10.01M	10.00M	—	—	—
Total Debt	250.77M	220.66M	161.96M	141.16M	150.02M
Current Portion of Long-Term Debt	11.77M	3.57M	6.81M	7.87M	16.47M
Equity & Book Value
Shareholders' Equity	736.31M	664.78M	684.80M	635.48M	632.74M
Total Common Equity	620.43M	562.78M	590.32M	546.47M	538.75M
Common Stock	50.40M	50.40M	50.40M	50.40M	50.40M
Additional Paid-In Capital	73.55M	73.55M	73.55M	73.55M	73.55M
Retained Earnings	804.76M	772.82M	793.68M	756.05M	734.24M
Treasury Stock	-3.60M	-3.60M	-3.60M	-3.60M	-3.60M
Comprehensive Income & Other	-304.68M	-330.39M	-323.71M	-329.93M	-315.85M
Minority Interest	115.89M	102.00M	94.48M	89.00M	93.99M
Book Value Per Share	1.24	1.12	1.18	1.09	1.08
Tangible Book Value	335.18M	363.39M	373.07M	286.97M	255.92M
Tangible Book Value Per Share	0.67	0.73	0.74	0.57	0.51
Filing Date Shares Outstanding	501.16M	501.16M	501.16M	501.16M	501.16M
Total Common Shares Outstanding	501.16M	501.16M	501.16M	501.16M	501.16M
Working Capital	-49.14M	43.88M	16.77M	-51.26M	-89.95M