OULA FUEL MARKETING CO.

Oula Fuel Marketing Company K.S.C.

OULAFUELStocksBoursa KuwaitEnergy

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
Assets
Cash & Equivalents	3.82M	8.04M	4.53M	5.25M	6.61M
Cash & Short-Term Investments	10.45M	15.14M	10.83M	11.10M	10.44M
Receivables	1.99M	1.69M	2.09M	1.61M	1.78M
Inventory	1.45M	1.39M	1.40M	1.26M	1.21M
Current Assets	14.91M	19.03M	14.95M	14.86M	14.46M
PP&E	25.13M	23.83M	24.21M	19.62M	18.71M
Intangible Assets	8.14M	9.06M	10.41M	11.66M	12.89M
Total Assets	149.63M	140.26M	137.14M	129.61M	131.26M
Liabilities
Accounts Payable	16.29M	13.69M	19.62M	18.90M	17.39M
Current Liabilities	32.74M	29.83M	30.22M	34.31M	29.67M
Long-Term Debt	29.46M	34.60M	35.02M	28.38M	29.15M
Short-Term Debt	—	—	—	0.49M	1.92M
Total Debt	31.26M	36.39M	36.75M	35.05M	33.61M
Total Liabilities	63.76M	65.73M	67.42M	63.88M	59.81M
Equity & Ownership
Retained Earnings	48.58M	44.03M	35.01M	32.73M	29.97M
Total Equity	85.88M	74.53M	69.72M	65.73M	71.46M
Net Debt	20.81M	21.25M	25.93M	23.96M	23.17M
Shares Outstanding	445,024,928	445,024,929	445,024,929	445,024,929	445,024,929
Cash & Assets
Total Assets	149.63M	140.26M	137.14M	129.61M	131.26M
Total Current Assets	14.91M	19.03M	14.95M	14.86M	14.46M
Cash & Equivalents	3.82M	8.04M	4.53M	5.25M	6.61M
Cash & Short-Term Investments	10.45M	15.14M	10.83M	11.10M	10.44M
Net Cash (Debt)	-20.81M	-21.25M	-25.93M	-23.96M	-23.17M
Net Cash Per Share	-0.05	-0.05	-0.06	-0.05	-0.05
Cash Growth	-31.0%	+39.9%	-2.4%	+6.3%	-22.2%
Accounts Receivable	1.59M	1.32M	1.59M	1.12M	1.49M
Other Receivables	398.19K	374.39K	498.54K	490.43K	291.23K
Receivables	1.99M	1.69M	2.09M	1.61M	1.78M
Inventory	1.45M	1.39M	1.40M	1.26M	1.21M
Prepaid Expenses	1.01M	0.75M	0.60M	0.87M	1.00M
Construction In Progress	1.77M	1.40M	3.68M	4.69M	2.14M
Buildings	—	—	209.35K	208.15K	208.15K
Machinery	7.75M	7.05M	7.51M	7.25M	7.11M
Property, Plant & Equipment	25.13M	23.83M	24.21M	19.62M	18.71M
Other Intangible Assets	8.14M	9.06M	10.41M	11.66M	12.89M
Other Current Assets	10.87K	46.87K	27.56K	23.41K	17.32K
Other Long-Term Assets	35.13M	37.68M	35.04M	37.64M	36.55M
Long-Term Leases	—	—	880.00K	—	—
Current Portion of Leases	1.80M	1.79M	0.86M	—	0.77M
Loans & Investments
Short-Term Investments	6.63M	7.10M	6.30M	5.85M	3.83M
Long-Term Investments	66.32M	50.67M	52.53M	45.83M	48.65M
Liabilities & Obligations
Total Liabilities	63.76M	65.73M	67.42M	63.88M	59.81M
Total Liabilities & Equity	149.63M	140.26M	137.14M	129.61M	131.26M
Total Current Liabilities	32.74M	29.83M	30.22M	34.31M	29.67M
Accounts Payable	16.29M	13.69M	19.62M	18.90M	17.39M
Accrued Expenses	8.63M	8.81M	4.95M	4.57M	3.79M
Current Income Taxes Payable	509.33K	525.02K	265.24K	313.98K	216.33K
Other Current Liabilities	5.50M	5.01M	4.53M	3.85M	3.81M
Pension & Post-Retirement Benefits	1.56M	1.30M	1.30M	1.19M	0.99M
Debt & Funding
Long-Term Debt	29.46M	34.60M	35.02M	28.38M	29.15M
Short-Term Debt	—	—	—	0.49M	1.92M
Total Debt	31.26M	36.39M	36.75M	35.05M	33.61M
Current Portion of Long-Term Debt	—	—	—	6.18M	1.78M
Equity & Book Value
Shareholders' Equity	85.88M	74.53M	69.72M	65.73M	71.46M
Common Stock	44.50M	40.46M	40.46M	40.46M	40.46M
Retained Earnings	48.58M	44.03M	35.01M	32.73M	29.97M
Comprehensive Income & Other	-7.20M	-9.96M	-5.75M	-7.46M	1.03M
Book Value Per Share	0.19	0.17	0.16	0.15	0.16
Tangible Book Value	77.74M	65.47M	59.31M	54.07M	58.56M
Tangible Book Value Per Share	0.17	0.15	0.13	0.12	0.13
Filing Date Shares Outstanding	445.02M	445.02M	445.02M	445.02M	445.02M
Total Common Shares Outstanding	445.02M	445.02M	445.02M	445.02M	445.02M
Working Capital	-17.82M	-10.80M	-15.28M	-19.45M	-15.21M

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
Assets
Cash & Equivalents	3.82M	8.04M	4.53M	5.25M	6.61M
Cash & Short-Term Investments	10.45M	15.14M	10.83M	11.10M	10.44M
Receivables	1.99M	1.69M	2.09M	1.61M	1.78M
Inventory	1.45M	1.39M	1.40M	1.26M	1.21M
Current Assets	14.91M	19.03M	14.95M	14.86M	14.46M
PP&E	25.13M	23.83M	24.21M	19.62M	18.71M
Intangible Assets	8.14M	9.06M	10.41M	11.66M	12.89M
Total Assets	149.63M	140.26M	137.14M	129.61M	131.26M
Liabilities
Accounts Payable	16.29M	13.69M	19.62M	18.90M	17.39M
Current Liabilities	32.74M	29.83M	30.22M	34.31M	29.67M
Long-Term Debt	29.46M	34.60M	35.02M	28.38M	29.15M
Short-Term Debt	—	—	—	0.49M	1.92M
Total Debt	31.26M	36.39M	36.75M	35.05M	33.61M
Total Liabilities	63.76M	65.73M	67.42M	63.88M	59.81M
Equity & Ownership
Retained Earnings	48.58M	44.03M	35.01M	32.73M	29.97M
Total Equity	85.88M	74.53M	69.72M	65.73M	71.46M
Net Debt	20.81M	21.25M	25.93M	23.96M	23.17M
Shares Outstanding	445,024,928	445,024,929	445,024,929	445,024,929	445,024,929
Cash & Assets
Total Assets	149.63M	140.26M	137.14M	129.61M	131.26M
Total Current Assets	14.91M	19.03M	14.95M	14.86M	14.46M
Cash & Equivalents	3.82M	8.04M	4.53M	5.25M	6.61M
Cash & Short-Term Investments	10.45M	15.14M	10.83M	11.10M	10.44M
Net Cash (Debt)	-20.81M	-21.25M	-25.93M	-23.96M	-23.17M
Net Cash Per Share	-0.05	-0.05	-0.06	-0.05	-0.05
Cash Growth	-31.0%	+39.9%	-2.4%	+6.3%	-22.2%
Accounts Receivable	1.59M	1.32M	1.59M	1.12M	1.49M
Other Receivables	398.19K	374.39K	498.54K	490.43K	291.23K
Receivables	1.99M	1.69M	2.09M	1.61M	1.78M
Inventory	1.45M	1.39M	1.40M	1.26M	1.21M
Prepaid Expenses	1.01M	0.75M	0.60M	0.87M	1.00M
Construction In Progress	1.77M	1.40M	3.68M	4.69M	2.14M
Buildings	—	—	209.35K	208.15K	208.15K
Machinery	7.75M	7.05M	7.51M	7.25M	7.11M
Property, Plant & Equipment	25.13M	23.83M	24.21M	19.62M	18.71M
Other Intangible Assets	8.14M	9.06M	10.41M	11.66M	12.89M
Other Current Assets	10.87K	46.87K	27.56K	23.41K	17.32K
Other Long-Term Assets	35.13M	37.68M	35.04M	37.64M	36.55M
Long-Term Leases	—	—	880.00K	—	—
Current Portion of Leases	1.80M	1.79M	0.86M	—	0.77M
Loans & Investments
Short-Term Investments	6.63M	7.10M	6.30M	5.85M	3.83M
Long-Term Investments	66.32M	50.67M	52.53M	45.83M	48.65M
Liabilities & Obligations
Total Liabilities	63.76M	65.73M	67.42M	63.88M	59.81M
Total Liabilities & Equity	149.63M	140.26M	137.14M	129.61M	131.26M
Total Current Liabilities	32.74M	29.83M	30.22M	34.31M	29.67M
Accounts Payable	16.29M	13.69M	19.62M	18.90M	17.39M
Accrued Expenses	8.63M	8.81M	4.95M	4.57M	3.79M
Current Income Taxes Payable	509.33K	525.02K	265.24K	313.98K	216.33K
Other Current Liabilities	5.50M	5.01M	4.53M	3.85M	3.81M
Pension & Post-Retirement Benefits	1.56M	1.30M	1.30M	1.19M	0.99M
Debt & Funding
Long-Term Debt	29.46M	34.60M	35.02M	28.38M	29.15M
Short-Term Debt	—	—	—	0.49M	1.92M
Total Debt	31.26M	36.39M	36.75M	35.05M	33.61M
Current Portion of Long-Term Debt	—	—	—	6.18M	1.78M
Equity & Book Value
Shareholders' Equity	85.88M	74.53M	69.72M	65.73M	71.46M
Common Stock	44.50M	40.46M	40.46M	40.46M	40.46M
Retained Earnings	48.58M	44.03M	35.01M	32.73M	29.97M
Comprehensive Income & Other	-7.20M	-9.96M	-5.75M	-7.46M	1.03M
Book Value Per Share	0.19	0.17	0.16	0.15	0.16
Tangible Book Value	77.74M	65.47M	59.31M	54.07M	58.56M
Tangible Book Value Per Share	0.17	0.15	0.13	0.12	0.13
Filing Date Shares Outstanding	445.02M	445.02M	445.02M	445.02M	445.02M
Total Common Shares Outstanding	445.02M	445.02M	445.02M	445.02M	445.02M
Working Capital	-17.82M	-10.80M	-15.28M	-19.45M	-15.21M