PALMS AGRO PRODUCTION CO.

Palms Agro Production Co. KSCC

PAPCOStocksBoursa KuwaitIndustrials

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
Operating Summary
Revenue	2.72M	3.83M	2.00M	2.78M	1.00M
Cost of Revenue	2.24M	3.06M	1.57M	2.37M	0.65M
Gross Profit	477.96K	773.33K	429.09K	406.51K	348.84K
SG&A	410.90K	546.05K	373.88K	441.97K	369.92K
Operating Expenses	414.32K	612.24K	406.93K	501.18K	391.46K
Operating Income	63.65K	161.08K	22.15K	-94.68K	-42.61K
Interest Income	6.95K	11.11K	11.02K	7.56K	11.66K
Interest Expense	-18.56K	-18.72K	-2.32K	-1.57K	-1.73K
Other Income/Expense	-0.71K	-5.39K	-1.07K	—	-0.26K
Pretax Income	74.54K	619.24K	102.41K	240.06K	24.51K
Income Tax	1.36K	6.98K	1.22K	6.18K	0.62K
Net Income	73.17K	612.26K	101.18K	233.88K	23.89K
EBITDA	156.31K	246.82K	91.27K	-23.80K	25.94K
EBIT	63.65K	161.08K	22.15K	-94.68K	-42.61K
EPS (Basic)	0.00	0.01	0.00	0.00	0.00
EPS (Diluted)	0.00	0.01	0.00	0.00	0.00
Margins & Efficiency
Gross Margin %	+17.6%	+20.2%	+21.4%	+14.6%	+35.0%
EBITDA Margin %	+5.8%	+6.4%	+4.6%	-0.9%	+2.6%
Net Margin %	+2.7%	+16.0%	+5.1%	+8.4%	+2.4%
Revenue & Income
Revenue	2.72M	3.83M	2.00M	2.78M	1.00M
Revenue Growth (YoY)	+172.3%	+30.3%	-40.7%	+175.0%	-11.9%
Interest & Investment Income	6.95K	11.11K	11.02K	7.56K	11.66K
Earnings From Equity Investments	21.82K	45.27K	72.35K	101.89K	55.56K
Gain (Loss) on Sale of Assets	1.38K	0.40K	-1.15K	224.48K	—
Gain (Loss) on Sale of Investments	—	10.40K	1.42K	2.36K	1.89K
Expenses & Provisions
Cost of Revenue	2.24M	3.06M	1.57M	2.37M	0.65M
Selling, General & Admin	410.90K	546.05K	373.88K	441.97K	369.92K
Operating Expenses	414.32K	612.24K	406.93K	501.18K	391.46K
Other Operating Expenses	3.41K	16.20K	3.06K	9.21K	1.54K
Interest Expense	-18.56K	-18.72K	-2.32K	-1.57K	-1.73K
Other Non Operating Income (Expenses)	-0.71K	-5.39K	-1.07K	—	-0.26K
Legal Settlements	—	415.08K	—	—	—
D&A For EBITDA	92.66K	85.74K	69.12K	70.88K	68.55K
Profitability & Returns
Gross Profit	477.96K	773.33K	429.09K	406.51K	348.84K
Gross Margin	+17.6%	+20.2%	+21.4%	+14.6%	+35.0%
EBIT	63.65K	161.08K	22.15K	-94.68K	-42.61K
EBIT Margin	+2.3%	+4.2%	+1.1%	-3.4%	-4.3%
EBITDA	156.31K	246.82K	91.27K	-23.80K	25.94K
EBITDA Margin	+5.8%	+6.4%	+4.6%	-0.9%	+2.6%
EBT Excluding Unusual Items	73.16K	193.35K	102.14K	13.21K	22.62K
Pretax Income	74.54K	619.24K	102.41K	240.06K	24.51K
Operating Income	63.65K	161.08K	22.15K	-94.68K	-42.61K
Operating Margin	+2.3%	+4.2%	+1.1%	-3.4%	-4.3%
Profit Margin	+2.7%	+16.0%	+5.1%	+8.4%	+2.4%
Net Income	73.17K	612.26K	101.18K	233.88K	23.89K
Net Income to Common	73.17K	612.26K	101.18K	233.88K	23.89K
Net Income Growth	+206.3%	+88.0%	-17.4%	+547.1%	+78.4%
Income Tax Expense	1.36K	6.98K	1.22K	6.18K	0.62K
Effective Tax Rate	+1.8%	+1.1%	+1.2%	+2.6%	+2.5%
Per Share & Capital
EPS (Basic)	0.00	0.01	0.00	0.00	0.00
EPS (Diluted)	0.00	0.01	0.00	0.00	0.00
EPS Growth	+206.6%	+88.0%	-17.4%	+547.8%	+78.1%
Dividend Per Share	—	—	—	—	—
Shares Outstanding (Basic)	52.32M	52.32M	52.32M	52.32M	52.32M
Shares Outstanding (Diluted)	52.32M	52.32M	52.32M	52.32M	52.32M
Dividend Growth	—	—	—	—	—
Free Cash Flow	-807.15K	-199.57K	-974.22K	-360.66K	-72.67K
Free Cash Flow Margin	-29.7%	-5.2%	-48.7%	-13.0%	-7.3%
Free Cash Flow Per Share	-0.02	-0.00	-0.02	-0.01	-0.00
Payout Ratio	—	0.0%	+0.2%	+127.8%	+1.0%

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
Operating Summary
Revenue	2.72M	3.83M	2.00M	2.78M	1.00M
Cost of Revenue	2.24M	3.06M	1.57M	2.37M	0.65M
Gross Profit	477.96K	773.33K	429.09K	406.51K	348.84K
SG&A	410.90K	546.05K	373.88K	441.97K	369.92K
Operating Expenses	414.32K	612.24K	406.93K	501.18K	391.46K
Operating Income	63.65K	161.08K	22.15K	-94.68K	-42.61K
Interest Income	6.95K	11.11K	11.02K	7.56K	11.66K
Interest Expense	-18.56K	-18.72K	-2.32K	-1.57K	-1.73K
Other Income/Expense	-0.71K	-5.39K	-1.07K	—	-0.26K
Pretax Income	74.54K	619.24K	102.41K	240.06K	24.51K
Income Tax	1.36K	6.98K	1.22K	6.18K	0.62K
Net Income	73.17K	612.26K	101.18K	233.88K	23.89K
EBITDA	156.31K	246.82K	91.27K	-23.80K	25.94K
EBIT	63.65K	161.08K	22.15K	-94.68K	-42.61K
EPS (Basic)	0.00	0.01	0.00	0.00	0.00
EPS (Diluted)	0.00	0.01	0.00	0.00	0.00
Margins & Efficiency
Gross Margin %	+17.6%	+20.2%	+21.4%	+14.6%	+35.0%
EBITDA Margin %	+5.8%	+6.4%	+4.6%	-0.9%	+2.6%
Net Margin %	+2.7%	+16.0%	+5.1%	+8.4%	+2.4%
Revenue & Income
Revenue	2.72M	3.83M	2.00M	2.78M	1.00M
Revenue Growth (YoY)	+172.3%	+30.3%	-40.7%	+175.0%	-11.9%
Interest & Investment Income	6.95K	11.11K	11.02K	7.56K	11.66K
Earnings From Equity Investments	21.82K	45.27K	72.35K	101.89K	55.56K
Gain (Loss) on Sale of Assets	1.38K	0.40K	-1.15K	224.48K	—
Gain (Loss) on Sale of Investments	—	10.40K	1.42K	2.36K	1.89K
Expenses & Provisions
Cost of Revenue	2.24M	3.06M	1.57M	2.37M	0.65M
Selling, General & Admin	410.90K	546.05K	373.88K	441.97K	369.92K
Operating Expenses	414.32K	612.24K	406.93K	501.18K	391.46K
Other Operating Expenses	3.41K	16.20K	3.06K	9.21K	1.54K
Interest Expense	-18.56K	-18.72K	-2.32K	-1.57K	-1.73K
Other Non Operating Income (Expenses)	-0.71K	-5.39K	-1.07K	—	-0.26K
Legal Settlements	—	415.08K	—	—	—
D&A For EBITDA	92.66K	85.74K	69.12K	70.88K	68.55K
Profitability & Returns
Gross Profit	477.96K	773.33K	429.09K	406.51K	348.84K
Gross Margin	+17.6%	+20.2%	+21.4%	+14.6%	+35.0%
EBIT	63.65K	161.08K	22.15K	-94.68K	-42.61K
EBIT Margin	+2.3%	+4.2%	+1.1%	-3.4%	-4.3%
EBITDA	156.31K	246.82K	91.27K	-23.80K	25.94K
EBITDA Margin	+5.8%	+6.4%	+4.6%	-0.9%	+2.6%
EBT Excluding Unusual Items	73.16K	193.35K	102.14K	13.21K	22.62K
Pretax Income	74.54K	619.24K	102.41K	240.06K	24.51K
Operating Income	63.65K	161.08K	22.15K	-94.68K	-42.61K
Operating Margin	+2.3%	+4.2%	+1.1%	-3.4%	-4.3%
Profit Margin	+2.7%	+16.0%	+5.1%	+8.4%	+2.4%
Net Income	73.17K	612.26K	101.18K	233.88K	23.89K
Net Income to Common	73.17K	612.26K	101.18K	233.88K	23.89K
Net Income Growth	+206.3%	+88.0%	-17.4%	+547.1%	+78.4%
Income Tax Expense	1.36K	6.98K	1.22K	6.18K	0.62K
Effective Tax Rate	+1.8%	+1.1%	+1.2%	+2.6%	+2.5%
Per Share & Capital
EPS (Basic)	0.00	0.01	0.00	0.00	0.00
EPS (Diluted)	0.00	0.01	0.00	0.00	0.00
EPS Growth	+206.6%	+88.0%	-17.4%	+547.8%	+78.1%
Dividend Per Share	—	—	—	—	—
Shares Outstanding (Basic)	52.32M	52.32M	52.32M	52.32M	52.32M
Shares Outstanding (Diluted)	52.32M	52.32M	52.32M	52.32M	52.32M
Dividend Growth	—	—	—	—	—
Free Cash Flow	-807.15K	-199.57K	-974.22K	-360.66K	-72.67K
Free Cash Flow Margin	-29.7%	-5.2%	-48.7%	-13.0%	-7.3%
Free Cash Flow Per Share	-0.02	-0.00	-0.02	-0.01	-0.00
Payout Ratio	—	0.0%	+0.2%	+127.8%	+1.0%