PALMS AGRO PRODUCTION CO.

Palms Agro Production Co. KSCC

PAPCOStocksBoursa KuwaitIndustrials

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	0.28M	0.49M	0.59M	2.10M	2.09M
Cash & Short-Term Investments	1.44M	1.61M	1.66M	2.14M	2.14M
Receivables	7.08M	5.70M	1.59M	1.33M	1.46M
Inventory	2.11M	1.38M	1.32M	1.39M	1.57M
Current Assets	11.12M	8.78M	4.62M	5.01M	5.30M
PP&E	1.71M	1.70M	1.77M	1.49M	1.65M
Total Assets	13.73M	11.12M	6.86M	6.71M	7.11M
Liabilities
Accounts Payable	581.84K	97.77K	104.24K	42.21K	115.44K
Current Liabilities	6.61M	4.70M	0.74M	0.78M	1.33M
Short-Term Debt	576.89K	—	—	—	—
Total Debt	686.19K	137.49K	80.38K	125.49K	184.03K
Total Liabilities	7.24M	5.27M	1.30M	1.35M	2.01M
Equity & Ownership
Retained Earnings	1.21M	0.55M	0.04M	-0.16M	-0.46M
Total Equity	6.50M	5.85M	5.56M	5.36M	5.10M
Net Debt	-0.75M	-1.47M	-1.58M	-2.02M	-1.96M
Shares Outstanding	52,315,800	52,315,800	52,315,800	52,315,800	52,315,800
Cash & Assets
Total Assets	13.73M	11.12M	6.86M	6.71M	7.11M
Total Current Assets	11.12M	8.78M	4.62M	5.01M	5.30M
Cash & Equivalents	0.28M	0.49M	0.59M	2.10M	2.09M
Cash & Short-Term Investments	1.44M	1.61M	1.66M	2.14M	2.14M
Net Cash (Debt)	0.75M	1.47M	1.58M	2.02M	1.96M
Net Cash Per Share	0.01	0.03	0.03	0.04	0.04
Cash Growth	-10.3%	-3.2%	-22.5%	+0.1%	-12.2%
Net Cash Growth	-48.6%	-7.0%	-21.7%	+3.1%	-12.9%
Accounts Receivable	7.04M	5.65M	1.50M	1.26M	1.42M
Other Receivables	44.29K	53.48K	86.84K	72.87K	38.75K
Receivables	7.08M	5.70M	1.59M	1.33M	1.46M
Inventory	2.11M	1.38M	1.32M	1.39M	1.57M
Prepaid Expenses	90.79K	24.16K	16.54K	16.36K	6.38K
Land	—	566.67K	566.67K	566.67K	566.67K
Buildings	2.02M	1.88M	1.78M	1.63M	1.60M
Machinery	2.97M	2.32M	2.49M	2.13M	2.21M
Property, Plant & Equipment	1.71M	1.70M	1.77M	1.49M	1.65M
Other Current Assets	395.92K	72.44K	27.37K	132.68K	122.67K
Long-Term Leases	60.56K	86.93K	47.49K	76.39K	129.27K
Current Portion of Leases	48.75K	50.55K	32.89K	49.10K	54.76K
Loans & Investments
Trading Asset Securities	40.31K	24.23K	19.02K	37.10K	51.25K
Short-Term Investments	1.12M	1.09M	1.05M	—	—
Long-Term Investments	905.30K	638.09K	469.45K	213.99K	168.19K
Liabilities & Obligations
Total Liabilities	7.24M	5.27M	1.30M	1.35M	2.01M
Total Liabilities & Equity	13.73M	11.12M	6.86M	6.71M	7.11M
Total Current Liabilities	6.61M	4.70M	0.74M	0.78M	1.33M
Accounts Payable	581.84K	97.77K	104.24K	42.21K	115.44K
Accrued Expenses	612.53K	230.11K	216.02K	222.80K	729.66K
Current Income Taxes Payable	53.94K	22.31K	3.25K	—	—
Current Unearned Revenue	2.44M	1.67M	0.07M	0.09M	0.07M
Other Current Liabilities	2.29M	2.63M	0.32M	0.37M	0.36M
Pension & Post-Retirement Benefits	571.45K	488.49K	509.57K	497.75K	557.64K
Debt & Funding
Short-Term Debt	576.89K	—	—	—	—
Total Debt	686.19K	137.49K	80.38K	125.49K	184.03K
Equity & Book Value
Shareholders' Equity	6.50M	5.85M	5.56M	5.36M	5.10M
Common Stock	5.24M	5.24M	5.24M	5.24M	5.24M
Additional Paid-In Capital	—	—	225.00K	225.00K	225.00K
Retained Earnings	1.21M	0.55M	0.04M	-0.16M	-0.46M
Treasury Stock	-3.57K	-3.57K	-3.57K	-3.57K	-3.57K
Comprehensive Income & Other	47.37K	55.24K	56.87K	57.10K	95.41K
Book Value Per Share	0.12	0.11	0.11	0.10	0.10
Tangible Book Value	6.50M	5.85M	5.56M	5.36M	5.10M
Tangible Book Value Per Share	0.12	0.11	0.11	0.10	0.10
Filing Date Shares Outstanding	52.32M	52.32M	52.32M	52.32M	52.32M
Total Common Shares Outstanding	52.32M	52.32M	52.32M	52.32M	52.32M
Working Capital	4.51M	4.09M	3.87M	4.23M	3.97M

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	0.28M	0.49M	0.59M	2.10M	2.09M
Cash & Short-Term Investments	1.44M	1.61M	1.66M	2.14M	2.14M
Receivables	7.08M	5.70M	1.59M	1.33M	1.46M
Inventory	2.11M	1.38M	1.32M	1.39M	1.57M
Current Assets	11.12M	8.78M	4.62M	5.01M	5.30M
PP&E	1.71M	1.70M	1.77M	1.49M	1.65M
Total Assets	13.73M	11.12M	6.86M	6.71M	7.11M
Liabilities
Accounts Payable	581.84K	97.77K	104.24K	42.21K	115.44K
Current Liabilities	6.61M	4.70M	0.74M	0.78M	1.33M
Short-Term Debt	576.89K	—	—	—	—
Total Debt	686.19K	137.49K	80.38K	125.49K	184.03K
Total Liabilities	7.24M	5.27M	1.30M	1.35M	2.01M
Equity & Ownership
Retained Earnings	1.21M	0.55M	0.04M	-0.16M	-0.46M
Total Equity	6.50M	5.85M	5.56M	5.36M	5.10M
Net Debt	-0.75M	-1.47M	-1.58M	-2.02M	-1.96M
Shares Outstanding	52,315,800	52,315,800	52,315,800	52,315,800	52,315,800
Cash & Assets
Total Assets	13.73M	11.12M	6.86M	6.71M	7.11M
Total Current Assets	11.12M	8.78M	4.62M	5.01M	5.30M
Cash & Equivalents	0.28M	0.49M	0.59M	2.10M	2.09M
Cash & Short-Term Investments	1.44M	1.61M	1.66M	2.14M	2.14M
Net Cash (Debt)	0.75M	1.47M	1.58M	2.02M	1.96M
Net Cash Per Share	0.01	0.03	0.03	0.04	0.04
Cash Growth	-10.3%	-3.2%	-22.5%	+0.1%	-12.2%
Net Cash Growth	-48.6%	-7.0%	-21.7%	+3.1%	-12.9%
Accounts Receivable	7.04M	5.65M	1.50M	1.26M	1.42M
Other Receivables	44.29K	53.48K	86.84K	72.87K	38.75K
Receivables	7.08M	5.70M	1.59M	1.33M	1.46M
Inventory	2.11M	1.38M	1.32M	1.39M	1.57M
Prepaid Expenses	90.79K	24.16K	16.54K	16.36K	6.38K
Land	—	566.67K	566.67K	566.67K	566.67K
Buildings	2.02M	1.88M	1.78M	1.63M	1.60M
Machinery	2.97M	2.32M	2.49M	2.13M	2.21M
Property, Plant & Equipment	1.71M	1.70M	1.77M	1.49M	1.65M
Other Current Assets	395.92K	72.44K	27.37K	132.68K	122.67K
Long-Term Leases	60.56K	86.93K	47.49K	76.39K	129.27K
Current Portion of Leases	48.75K	50.55K	32.89K	49.10K	54.76K
Loans & Investments
Trading Asset Securities	40.31K	24.23K	19.02K	37.10K	51.25K
Short-Term Investments	1.12M	1.09M	1.05M	—	—
Long-Term Investments	905.30K	638.09K	469.45K	213.99K	168.19K
Liabilities & Obligations
Total Liabilities	7.24M	5.27M	1.30M	1.35M	2.01M
Total Liabilities & Equity	13.73M	11.12M	6.86M	6.71M	7.11M
Total Current Liabilities	6.61M	4.70M	0.74M	0.78M	1.33M
Accounts Payable	581.84K	97.77K	104.24K	42.21K	115.44K
Accrued Expenses	612.53K	230.11K	216.02K	222.80K	729.66K
Current Income Taxes Payable	53.94K	22.31K	3.25K	—	—
Current Unearned Revenue	2.44M	1.67M	0.07M	0.09M	0.07M
Other Current Liabilities	2.29M	2.63M	0.32M	0.37M	0.36M
Pension & Post-Retirement Benefits	571.45K	488.49K	509.57K	497.75K	557.64K
Debt & Funding
Short-Term Debt	576.89K	—	—	—	—
Total Debt	686.19K	137.49K	80.38K	125.49K	184.03K
Equity & Book Value
Shareholders' Equity	6.50M	5.85M	5.56M	5.36M	5.10M
Common Stock	5.24M	5.24M	5.24M	5.24M	5.24M
Additional Paid-In Capital	—	—	225.00K	225.00K	225.00K
Retained Earnings	1.21M	0.55M	0.04M	-0.16M	-0.46M
Treasury Stock	-3.57K	-3.57K	-3.57K	-3.57K	-3.57K
Comprehensive Income & Other	47.37K	55.24K	56.87K	57.10K	95.41K
Book Value Per Share	0.12	0.11	0.11	0.10	0.10
Tangible Book Value	6.50M	5.85M	5.56M	5.36M	5.10M
Tangible Book Value Per Share	0.12	0.11	0.11	0.10	0.10
Filing Date Shares Outstanding	52.32M	52.32M	52.32M	52.32M	52.32M
Total Common Shares Outstanding	52.32M	52.32M	52.32M	52.32M	52.32M
Working Capital	4.51M	4.09M	3.87M	4.23M	3.97M