NATIONAL MOBILE TELECOMMUNICATIONS CO.

National Mobile Telecommunications Company K.S.C.

OOREDOOStocksBoursa KuwaitTelecommunications

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
Assets
Cash & Equivalents	254.76M	284.44M	221.75M	233.54M	262.29M
Cash & Short-Term Investments	254.76M	284.44M	221.75M	233.54M	262.29M
Receivables	224.08M	165.61M	201.82M	201.79M	193.47M
Inventory	8.56M	10.78M	11.86M	8.16M	15.99M
Current Assets	493.14M	502.55M	490.52M	449.64M	477.81M
PP&E	687.18M	691.32M	646.92M	633.10M	612.17M
Goodwill	116.36M	117.09M	—	—	118.24M
Intangible Assets	163.37M	168.16M	216.43M	221.07M	93.37M
Total Assets	1.51B	1.52B	1.41B	1.36B	1.35B
Liabilities
Accounts Payable	113.04M	110.25M	100.83M	96.91M	101.05M
Current Liabilities	592.71M	551.69M	459.32M	438.42M	467.49M
Long-Term Debt	27.95M	28.59M	31.03M	32.67M	33.42M
Short-Term Debt	—	10.01M	3.00M	—	—
Total Debt	241.52M	250.77M	238.44M	241.36M	228.11M
Total Liabilities	827.93M	786.45M	689.87M	672.13M	695.71M
Equity & Ownership
Retained Earnings	751.61M	804.76M	795.55M	769.28M	745.97M
Total Equity	681.39M	736.31M	717.72M	686.67M	650.17M
Net Debt	-13.24M	-33.68M	16.69M	7.81M	-34.18M
Shares Outstanding	501,162,000	501,162,000	501,162,000	501,162,000	501,162,000
Cash & Assets
Total Assets	1.51B	1.52B	1.41B	1.36B	1.35B
Total Current Assets	493.14M	502.55M	490.52M	449.64M	477.81M
Cash & Equivalents	254.76M	284.44M	221.75M	233.54M	262.29M
Cash & Short-Term Investments	254.76M	284.44M	221.75M	233.54M	262.29M
Net Cash (Debt)	13.24M	33.68M	-16.69M	-7.81M	34.18M
Net Cash Per Share	0.03	0.07	-0.03	-0.02	0.07
Cash Growth	-2.9%	+1.3%	+9.8%	+34.8%	+14.6%
Net Cash Growth	-61.3%	-43.9%	—	—	-52.5%
Accounts Receivable	224.08M	151.84M	201.82M	201.79M	193.47M
Other Receivables	—	13.77M	—	—	—
Receivables	224.08M	165.61M	201.82M	201.79M	193.47M
Inventory	8.56M	10.78M	11.86M	8.16M	15.99M
Construction In Progress	—	83.97M	—	—	—
Land	—	75.72M	—	—	—
Property, Plant & Equipment	687.18M	691.32M	646.92M	633.10M	612.17M
Goodwill	116.36M	117.09M	—	—	118.24M
Other Intangible Assets	163.37M	168.16M	216.43M	221.07M	93.37M
Other Current Assets	5.74M	41.71M	55.09M	6.15M	6.07M
Other Long-Term Assets	18.10M	12.71M	22.68M	24.38M	14.71M
Long-Term Deferred Tax Assets	26.79M	26.33M	26.53M	26.88M	26.10M
Long-Term Leases	167.43M	168.42M	162.56M	164.87M	159.78M
Current Portion of Leases	33.63M	31.99M	32.07M	30.92M	28.93M
Long-Term Deferred Charges	1.75M	1.90M	1.83M	1.65M	1.49M
Loans & Investments
Long-Term Investments	2.64M	2.71M	2.69M	2.08M	1.98M
Liabilities & Obligations
Total Liabilities	827.93M	786.45M	689.87M	672.13M	695.71M
Total Liabilities & Equity	1.51B	1.52B	1.41B	1.36B	1.35B
Total Current Liabilities	592.71M	551.69M	459.32M	438.42M	467.49M
Accounts Payable	113.04M	110.25M	100.83M	96.91M	101.05M
Accrued Expenses	211.83M	240.14M	179.86M	168.91M	160.98M
Current Income Taxes Payable	55.83M	53.33M	45.16M	38.77M	49.09M
Current Unearned Revenue	48.74M	53.24M	46.74M	48.82M	46.15M
Long-Term Unearned Revenue	1.41M	1.41M	1.46M	1.37M	1.27M
Other Current Liabilities	117.13M	40.96M	41.89M	41.20M	75.31M
Pension & Post-Retirement Benefits	15.45M	14.91M	14.56M	14.12M	13.55M
Other Long-Term Liabilities	22.99M	21.44M	20.94M	20.67M	20.20M
Debt & Funding
Long-Term Debt	27.95M	28.59M	31.03M	32.67M	33.42M
Short-Term Debt	—	10.01M	3.00M	—	—
Total Debt	241.52M	250.77M	238.44M	241.36M	228.11M
Current Portion of Long-Term Debt	12.50M	11.77M	9.78M	12.90M	5.99M
Equity & Book Value
Shareholders' Equity	681.39M	736.31M	717.72M	686.67M	650.17M
Total Common Equity	563.36M	620.43M	607.30M	583.27M	543.51M
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	751.61M	804.76M	795.55M	769.28M	745.97M
Treasury Stock	-3.60M	-3.60M	-3.60M	-3.60M	-3.60M
Comprehensive Income & Other	-308.61M	-304.68M	-308.60M	-306.36M	-322.82M
Minority Interest	118.03M	115.89M	110.42M	103.41M	106.66M
Book Value Per Share	1.12	1.24	1.21	1.16	1.08
Tangible Book Value	283.63M	335.18M	390.87M	362.19M	331.90M
Tangible Book Value Per Share	0.57	0.67	0.78	0.72	0.66
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	-99.57M	-49.14M	31.20M	11.22M	10.32M

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
Assets
Cash & Equivalents	254.76M	284.44M	221.75M	233.54M	262.29M
Cash & Short-Term Investments	254.76M	284.44M	221.75M	233.54M	262.29M
Receivables	224.08M	165.61M	201.82M	201.79M	193.47M
Inventory	8.56M	10.78M	11.86M	8.16M	15.99M
Current Assets	493.14M	502.55M	490.52M	449.64M	477.81M
PP&E	687.18M	691.32M	646.92M	633.10M	612.17M
Goodwill	116.36M	117.09M	—	—	118.24M
Intangible Assets	163.37M	168.16M	216.43M	221.07M	93.37M
Total Assets	1.51B	1.52B	1.41B	1.36B	1.35B
Liabilities
Accounts Payable	113.04M	110.25M	100.83M	96.91M	101.05M
Current Liabilities	592.71M	551.69M	459.32M	438.42M	467.49M
Long-Term Debt	27.95M	28.59M	31.03M	32.67M	33.42M
Short-Term Debt	—	10.01M	3.00M	—	—
Total Debt	241.52M	250.77M	238.44M	241.36M	228.11M
Total Liabilities	827.93M	786.45M	689.87M	672.13M	695.71M
Equity & Ownership
Retained Earnings	751.61M	804.76M	795.55M	769.28M	745.97M
Total Equity	681.39M	736.31M	717.72M	686.67M	650.17M
Net Debt	-13.24M	-33.68M	16.69M	7.81M	-34.18M
Shares Outstanding	501,162,000	501,162,000	501,162,000	501,162,000	501,162,000
Cash & Assets
Total Assets	1.51B	1.52B	1.41B	1.36B	1.35B
Total Current Assets	493.14M	502.55M	490.52M	449.64M	477.81M
Cash & Equivalents	254.76M	284.44M	221.75M	233.54M	262.29M
Cash & Short-Term Investments	254.76M	284.44M	221.75M	233.54M	262.29M
Net Cash (Debt)	13.24M	33.68M	-16.69M	-7.81M	34.18M
Net Cash Per Share	0.03	0.07	-0.03	-0.02	0.07
Cash Growth	-2.9%	+1.3%	+9.8%	+34.8%	+14.6%
Net Cash Growth	-61.3%	-43.9%	—	—	-52.5%
Accounts Receivable	224.08M	151.84M	201.82M	201.79M	193.47M
Other Receivables	—	13.77M	—	—	—
Receivables	224.08M	165.61M	201.82M	201.79M	193.47M
Inventory	8.56M	10.78M	11.86M	8.16M	15.99M
Construction In Progress	—	83.97M	—	—	—
Land	—	75.72M	—	—	—
Property, Plant & Equipment	687.18M	691.32M	646.92M	633.10M	612.17M
Goodwill	116.36M	117.09M	—	—	118.24M
Other Intangible Assets	163.37M	168.16M	216.43M	221.07M	93.37M
Other Current Assets	5.74M	41.71M	55.09M	6.15M	6.07M
Other Long-Term Assets	18.10M	12.71M	22.68M	24.38M	14.71M
Long-Term Deferred Tax Assets	26.79M	26.33M	26.53M	26.88M	26.10M
Long-Term Leases	167.43M	168.42M	162.56M	164.87M	159.78M
Current Portion of Leases	33.63M	31.99M	32.07M	30.92M	28.93M
Long-Term Deferred Charges	1.75M	1.90M	1.83M	1.65M	1.49M
Loans & Investments
Long-Term Investments	2.64M	2.71M	2.69M	2.08M	1.98M
Liabilities & Obligations
Total Liabilities	827.93M	786.45M	689.87M	672.13M	695.71M
Total Liabilities & Equity	1.51B	1.52B	1.41B	1.36B	1.35B
Total Current Liabilities	592.71M	551.69M	459.32M	438.42M	467.49M
Accounts Payable	113.04M	110.25M	100.83M	96.91M	101.05M
Accrued Expenses	211.83M	240.14M	179.86M	168.91M	160.98M
Current Income Taxes Payable	55.83M	53.33M	45.16M	38.77M	49.09M
Current Unearned Revenue	48.74M	53.24M	46.74M	48.82M	46.15M
Long-Term Unearned Revenue	1.41M	1.41M	1.46M	1.37M	1.27M
Other Current Liabilities	117.13M	40.96M	41.89M	41.20M	75.31M
Pension & Post-Retirement Benefits	15.45M	14.91M	14.56M	14.12M	13.55M
Other Long-Term Liabilities	22.99M	21.44M	20.94M	20.67M	20.20M
Debt & Funding
Long-Term Debt	27.95M	28.59M	31.03M	32.67M	33.42M
Short-Term Debt	—	10.01M	3.00M	—	—
Total Debt	241.52M	250.77M	238.44M	241.36M	228.11M
Current Portion of Long-Term Debt	12.50M	11.77M	9.78M	12.90M	5.99M
Equity & Book Value
Shareholders' Equity	681.39M	736.31M	717.72M	686.67M	650.17M
Total Common Equity	563.36M	620.43M	607.30M	583.27M	543.51M
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	751.61M	804.76M	795.55M	769.28M	745.97M
Treasury Stock	-3.60M	-3.60M	-3.60M	-3.60M	-3.60M
Comprehensive Income & Other	-308.61M	-304.68M	-308.60M	-306.36M	-322.82M
Minority Interest	118.03M	115.89M	110.42M	103.41M	106.66M
Book Value Per Share	1.12	1.24	1.21	1.16	1.08
Tangible Book Value	283.63M	335.18M	390.87M	362.19M	331.90M
Tangible Book Value Per Share	0.57	0.67	0.78	0.72	0.66
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	-99.57M	-49.14M	31.20M	11.22M	10.32M