KUWAIT PORTLAND CEMENT COMPANY

Kuwait Portland Cement Co. KSC

PCEMStocksBoursa KuwaitMaterials

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	1.94M	5.11M	11.37M	3.81M	6.42M
Free Cash Flow	-0.58M	-2.62M	8.94M	2.23M	3.10M
Capital Expenditures	-2.52M	-7.72M	-2.44M	-1.59M	-3.32M
Investing & Financing
Investing Cash Flow	-0.45M	-5.00M	-5.43M	3.60M	-12.19M
Financing Cash Flow	-0.53M	-4.17M	-6.89M	-6.84M	-3.99M
Dividends Paid	-4.64M	-7.27M	-6.86M	-6.84M	-3.99M
Operating Activities
Operating Cash Flow	1.94M	5.11M	11.37M	3.81M	6.42M
Net Income	2.66M	4.63M	6.52M	5.02M	7.03M
Change in Accounts Payable	1.74M	-5.37M	1.54M	5.74M	1.68M
Change in Accounts Receivable	1.87M	1.83M	1.74M	-7.93M	0.32M
Change in Inventory	-2.51M	3.48M	-0.62M	-0.32M	-2.94M
Change in Working Capital	1.11M	-0.06M	2.66M	-2.51M	0.12M
Other Operating Activities	-3.51M	-1.52M	-0.52M	-0.76M	-3.96M
Provision & Write-off of Bad Debts	—	—	—	—	1.90M
Depreciation & Amortization	1.90M	2.06M	2.14M	1.00M	1.29M
Cash Interest Paid	—	145.93K	23.75K	—	—
Loss (Gain) on Equity Investments	—	—	-4.15K	152.92K	—
Investing Activities
Investing Cash Flow	-0.45M	-5.00M	-5.43M	3.60M	-12.19M
Capital Expenditures	-2.52M	-7.72M	-2.44M	-1.59M	-3.32M
Investment in Securities	0.10M	1.17M	-4.44M	3.92M	-9.73M
Other Investing Activities	1.75M	1.56M	1.42M	1.27M	0.86M
Sale of Property, Plant & Equipment	225.00K	—	28.29K	—	—
Loss (Gain) From Sale of Assets	-224.97K	—	-18.90K	13.02K	35.23K
Loss (Gain) on Sale of Investments	—	—	592.00K	900.00K	—
Financing Activities
Financing Cash Flow	-0.53M	-4.17M	-6.89M	-6.84M	-3.99M
Common Dividends Paid	-4.64M	-7.27M	-6.86M	-6.84M	-3.99M
Short-Term Debt Issued	4.58M	3.24M	—	—	—
Total Debt Issued	4.58M	3.24M	—	—	—
Net Debt Issued (Repaid)	4.58M	3.24M	—	—	—
Other Financing Activities	-469.18K	-145.93K	-23.75K	—	—
Free Cash Flow & Returns
Free Cash Flow	-0.58M	-2.62M	8.94M	2.23M	3.10M
Free Cash Flow Growth	—	—	+301.4%	-28.2%	-71.6%
Free Cash Flow Margin	-0.6%	-2.0%	+6.1%	+1.7%	+3.2%
Free Cash Flow Per Share	-0.01	-0.03	0.09	0.02	0.03
Levered Free Cash Flow	0.70M	-4.07M	5.75M	0.64M	0.80M
Unlevered Free Cash Flow	0.99M	-3.98M	5.81M	0.64M	0.80M
Operating Cash Flow Growth	-62.1%	-55.1%	+198.3%	-40.6%	-42.8%
Net Cash Flow	0.96M	-4.07M	-0.94M	0.57M	-9.76M

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	1.94M	5.11M	11.37M	3.81M	6.42M
Free Cash Flow	-0.58M	-2.62M	8.94M	2.23M	3.10M
Capital Expenditures	-2.52M	-7.72M	-2.44M	-1.59M	-3.32M
Investing & Financing
Investing Cash Flow	-0.45M	-5.00M	-5.43M	3.60M	-12.19M
Financing Cash Flow	-0.53M	-4.17M	-6.89M	-6.84M	-3.99M
Dividends Paid	-4.64M	-7.27M	-6.86M	-6.84M	-3.99M
Operating Activities
Operating Cash Flow	1.94M	5.11M	11.37M	3.81M	6.42M
Net Income	2.66M	4.63M	6.52M	5.02M	7.03M
Change in Accounts Payable	1.74M	-5.37M	1.54M	5.74M	1.68M
Change in Accounts Receivable	1.87M	1.83M	1.74M	-7.93M	0.32M
Change in Inventory	-2.51M	3.48M	-0.62M	-0.32M	-2.94M
Change in Working Capital	1.11M	-0.06M	2.66M	-2.51M	0.12M
Other Operating Activities	-3.51M	-1.52M	-0.52M	-0.76M	-3.96M
Provision & Write-off of Bad Debts	—	—	—	—	1.90M
Depreciation & Amortization	1.90M	2.06M	2.14M	1.00M	1.29M
Cash Interest Paid	—	145.93K	23.75K	—	—
Loss (Gain) on Equity Investments	—	—	-4.15K	152.92K	—
Investing Activities
Investing Cash Flow	-0.45M	-5.00M	-5.43M	3.60M	-12.19M
Capital Expenditures	-2.52M	-7.72M	-2.44M	-1.59M	-3.32M
Investment in Securities	0.10M	1.17M	-4.44M	3.92M	-9.73M
Other Investing Activities	1.75M	1.56M	1.42M	1.27M	0.86M
Sale of Property, Plant & Equipment	225.00K	—	28.29K	—	—
Loss (Gain) From Sale of Assets	-224.97K	—	-18.90K	13.02K	35.23K
Loss (Gain) on Sale of Investments	—	—	592.00K	900.00K	—
Financing Activities
Financing Cash Flow	-0.53M	-4.17M	-6.89M	-6.84M	-3.99M
Common Dividends Paid	-4.64M	-7.27M	-6.86M	-6.84M	-3.99M
Short-Term Debt Issued	4.58M	3.24M	—	—	—
Total Debt Issued	4.58M	3.24M	—	—	—
Net Debt Issued (Repaid)	4.58M	3.24M	—	—	—
Other Financing Activities	-469.18K	-145.93K	-23.75K	—	—
Free Cash Flow & Returns
Free Cash Flow	-0.58M	-2.62M	8.94M	2.23M	3.10M
Free Cash Flow Growth	—	—	+301.4%	-28.2%	-71.6%
Free Cash Flow Margin	-0.6%	-2.0%	+6.1%	+1.7%	+3.2%
Free Cash Flow Per Share	-0.01	-0.03	0.09	0.02	0.03
Levered Free Cash Flow	0.70M	-4.07M	5.75M	0.64M	0.80M
Unlevered Free Cash Flow	0.99M	-3.98M	5.81M	0.64M	0.80M
Operating Cash Flow Growth	-62.1%	-55.1%	+198.3%	-40.6%	-42.8%
Net Cash Flow	0.96M	-4.07M	-0.94M	0.57M	-9.76M