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
Operations
Operating Cash Flow	-703.34K	252.93K	145.38K	144.49K	86.96K
Free Cash Flow	-1.61M	0.06M	-0.46M	0.05M	-0.26M
Capital Expenditures	-903.78K	-194.37K	-606.31K	-98.95K	-348.66K
Investing & Financing
Investing Cash Flow	-0.10M	-0.09M	-1.59M	-0.06M	-0.32M
Financing Cash Flow	23.24K	-270.37K	-69.82K	-71.74K	-73.20K
Dividends Paid	-299.44K	-201.19K	-2.39K	-2.32K	-1.81K
Operating Activities
Operating Cash Flow	-703.34K	252.93K	145.38K	144.49K	86.96K
Net Income	0.97M	0.50M	0.20M	0.30M	-1.27M
Change in Accounts Payable	0.11M	2.29M	0.00M	-0.21M	0.41M
Change in Accounts Receivable	-1.91M	-4.19M	-0.20M	0.11M	0.06M
Change in Inventory	-483.43K	118.74K	269.27K	228.95K	291.93K
Change in Other Net Operating Assets	1.49K	1.15K	—	-1.33K	51.91K
Change in Unearned Revenue	0.77M	1.60M	-0.02M	0.03M	-0.01M
Change in Working Capital	-1.51M	-0.18M	0.05M	0.15M	0.81M
Other Operating Activities	-150.66K	-194.57K	-244.80K	-471.97K	288.29K
Provision & Write-off of Bad Debts	150.00K	22.63K	41.53K	1.01K	103.44K
Depreciation & Amortization	355.06K	389.48K	335.16K	265.07K	232.14K
Cash Interest Paid	13.81K	—	—	—	—
Loss (Gain) on Equity Investments	-275.07K	-118.60K	-141.12K	-84.11K	-51.19K
Investing Activities
Investing Cash Flow	-0.10M	-0.09M	-1.59M	-0.06M	-0.32M
Capital Expenditures	-903.78K	-194.37K	-606.31K	-98.95K	-348.66K
Investment in Securities	-0.02M	-0.04M	-1.05M	—	—
Other Investing Activities	35.26K	50.34K	65.21K	10.46K	4.55K
Sale of Property, Plant & Equipment	790.40K	102.69K	1.70K	31.47K	24.94K
Loss (Gain) From Sale of Assets	-223.73K	-102.62K	-1.70K	-31.45K	-16.00K
Loss (Gain) on Sale of Investments	-16.08K	-56.89K	-96.49K	14.15K	-6.73K
Financing Activities
Financing Cash Flow	23.24K	-270.37K	-69.82K	-71.74K	-73.20K
Common Dividends Paid	-299.44K	-201.19K	-2.39K	-2.32K	-1.81K
Long-Term Debt Repaid	-67.51K	-69.18K	-67.43K	-69.43K	-71.40K
Net Debt Issued (Repaid)	-67.51K	-69.18K	-67.43K	-69.43K	-71.40K
Other Financing Activities	390.19K	—	—	—	—
Free Cash Flow & Returns
Free Cash Flow	-1.61M	0.06M	-0.46M	0.05M	-0.26M
Free Cash Flow Margin	-16.7%	+0.7%	-10.7%	+1.3%	-7.7%
Free Cash Flow Per Share	-0.03	0.00	-0.01	0.00	-0.01
Levered Free Cash Flow	-1.70M	0.02M	-0.44M	-0.20M	0.51M
Unlevered Free Cash Flow	-1.68M	0.03M	-0.44M	-0.19M	0.51M
Operating Cash Flow Growth	—	+74.0%	+0.6%	+66.2%	—
Net Cash Flow	-0.78M	-0.10M	-1.51M	0.02M	-0.31M

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	-703.34K	252.93K	145.38K	144.49K	86.96K
Free Cash Flow	-1.61M	0.06M	-0.46M	0.05M	-0.26M
Capital Expenditures	-903.78K	-194.37K	-606.31K	-98.95K	-348.66K
Investing & Financing
Investing Cash Flow	-0.10M	-0.09M	-1.59M	-0.06M	-0.32M
Financing Cash Flow	23.24K	-270.37K	-69.82K	-71.74K	-73.20K
Dividends Paid	-299.44K	-201.19K	-2.39K	-2.32K	-1.81K
Operating Activities
Operating Cash Flow	-703.34K	252.93K	145.38K	144.49K	86.96K
Net Income	0.97M	0.50M	0.20M	0.30M	-1.27M
Change in Accounts Payable	0.11M	2.29M	0.00M	-0.21M	0.41M
Change in Accounts Receivable	-1.91M	-4.19M	-0.20M	0.11M	0.06M
Change in Inventory	-483.43K	118.74K	269.27K	228.95K	291.93K
Change in Other Net Operating Assets	1.49K	1.15K	—	-1.33K	51.91K
Change in Unearned Revenue	0.77M	1.60M	-0.02M	0.03M	-0.01M
Change in Working Capital	-1.51M	-0.18M	0.05M	0.15M	0.81M
Other Operating Activities	-150.66K	-194.57K	-244.80K	-471.97K	288.29K
Provision & Write-off of Bad Debts	150.00K	22.63K	41.53K	1.01K	103.44K
Depreciation & Amortization	355.06K	389.48K	335.16K	265.07K	232.14K
Cash Interest Paid	13.81K	—	—	—	—
Loss (Gain) on Equity Investments	-275.07K	-118.60K	-141.12K	-84.11K	-51.19K
Investing Activities
Investing Cash Flow	-0.10M	-0.09M	-1.59M	-0.06M	-0.32M
Capital Expenditures	-903.78K	-194.37K	-606.31K	-98.95K	-348.66K
Investment in Securities	-0.02M	-0.04M	-1.05M	—	—
Other Investing Activities	35.26K	50.34K	65.21K	10.46K	4.55K
Sale of Property, Plant & Equipment	790.40K	102.69K	1.70K	31.47K	24.94K
Loss (Gain) From Sale of Assets	-223.73K	-102.62K	-1.70K	-31.45K	-16.00K
Loss (Gain) on Sale of Investments	-16.08K	-56.89K	-96.49K	14.15K	-6.73K
Financing Activities
Financing Cash Flow	23.24K	-270.37K	-69.82K	-71.74K	-73.20K
Common Dividends Paid	-299.44K	-201.19K	-2.39K	-2.32K	-1.81K
Long-Term Debt Repaid	-67.51K	-69.18K	-67.43K	-69.43K	-71.40K
Net Debt Issued (Repaid)	-67.51K	-69.18K	-67.43K	-69.43K	-71.40K
Other Financing Activities	390.19K	—	—	—	—
Free Cash Flow & Returns
Free Cash Flow	-1.61M	0.06M	-0.46M	0.05M	-0.26M
Free Cash Flow Margin	-16.7%	+0.7%	-10.7%	+1.3%	-7.7%
Free Cash Flow Per Share	-0.03	0.00	-0.01	0.00	-0.01
Levered Free Cash Flow	-1.70M	0.02M	-0.44M	-0.20M	0.51M
Unlevered Free Cash Flow	-1.68M	0.03M	-0.44M	-0.19M	0.51M
Operating Cash Flow Growth	—	+74.0%	+0.6%	+66.2%	—
Net Cash Flow	-0.78M	-0.10M	-1.51M	0.02M	-0.31M