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
Operating Summary
Revenue	94.63M	128.86M	145.79M	132.48M	97.57M
Cost of Revenue	92.77M	125.22M	138.56M	126.61M	92.11M
Gross Profit	1.86M	3.64M	7.23M	5.87M	5.46M
SG&A	2.18M	2.08M	1.99M	2.06M	2.33M
Operating Expenses	1.25M	0.65M	0.86M	0.04M	2.50M
Operating Income	0.60M	3.00M	6.37M	5.83M	2.96M
Interest Income	3.95M	2.07M	0.94M	0.35M	4.28M
Interest Expense	-469.18K	-145.93K	-87.95K	—	—
Other Income/Expense	-29.91K	-50.79K	-70.53K	-54.79K	-76.91K
Pretax Income	2.67M	4.67M	6.58M	5.06M	7.12M
Income Tax	12.73K	39.98K	57.33K	41.05K	93.05K
Net Income	2.66M	4.63M	6.52M	5.02M	7.03M
EBITDA	2.51M	5.05M	8.51M	6.83M	4.25M
EBIT	0.60M	3.00M	6.37M	5.83M	2.96M
EPS (Basic)	0.03	0.05	0.07	0.05	0.07
EPS (Diluted)	0.03	0.05	0.07	0.05	0.07
DPS	—	0.05	0.07	0.07	0.07
Margins & Efficiency
Gross Margin %	+2.0%	+2.8%	+5.0%	+4.4%	+5.6%
EBITDA Margin %	+2.6%	+3.9%	+5.8%	+5.2%	+4.4%
Net Margin %	+2.8%	+3.6%	+4.5%	+3.8%	+7.2%
Revenue & Income
Revenue	94.63M	128.86M	145.79M	132.48M	97.57M
Revenue Growth (YoY)	-26.6%	-11.6%	+10.0%	+35.8%	+105.3%
Interest & Investment Income	3.95M	2.07M	0.94M	0.35M	4.28M
Earnings From Equity Investments	—	—	4.15K	-152.92K	—
Gain (Loss) on Sale of Assets	—	—	18.90K	-13.02K	-35.23K
Gain (Loss) on Sale of Investments	—	—	-592.00K	-900.00K	—
Currency Exchange Gain (Loss)	—	—	—	—	-6.10K
Expenses & Provisions
Cost of Revenue	92.77M	125.22M	138.56M	126.61M	92.11M
Selling, General & Admin	2.18M	2.08M	1.99M	2.06M	2.33M
Operating Expenses	1.25M	0.65M	0.86M	0.04M	2.50M
Other Operating Expenses	-0.92M	-1.43M	-1.12M	-2.02M	-1.73M
Interest Expense	-469.18K	-145.93K	-87.95K	—	—
Other Non Operating Income (Expenses)	-29.91K	-50.79K	-70.53K	-54.79K	-76.91K
Legal Settlements	-1.39M	-0.20M	—	—	—
D&A For EBITDA	1.90M	2.06M	2.14M	1.00M	1.29M
Profitability & Returns
Gross Profit	1.86M	3.64M	7.23M	5.87M	5.46M
Gross Margin	+2.0%	+2.8%	+5.0%	+4.4%	+5.6%
EBIT	0.60M	3.00M	6.37M	5.83M	2.96M
EBIT Margin	+0.6%	+2.3%	+4.4%	+4.4%	+3.0%
EBITDA	2.51M	5.05M	8.51M	6.83M	4.25M
EBITDA Margin	+2.7%	+3.9%	+5.8%	+5.2%	+4.4%
EBT Excluding Unusual Items	4.06M	4.87M	7.15M	5.97M	7.16M
Pretax Income	2.67M	4.67M	6.58M	5.06M	7.12M
Operating Income	0.60M	3.00M	6.37M	5.83M	2.96M
Operating Margin	+0.6%	+2.3%	+4.4%	+4.4%	+3.0%
Profit Margin	+2.8%	+3.6%	+4.5%	+3.8%	+7.2%
Net Income	2.66M	4.63M	6.52M	5.02M	7.03M
Net Income to Common	2.66M	4.63M	6.52M	5.02M	7.03M
Net Income Growth	-42.6%	-29.0%	+29.9%	-28.6%	+477.4%
Income Tax Expense	12.73K	39.98K	57.33K	41.05K	93.05K
Effective Tax Rate	+0.5%	+0.9%	+0.9%	+0.8%	+1.3%
Per Share & Capital
EPS (Basic)	0.03	0.05	0.07	0.05	0.07
EPS (Diluted)	0.03	0.05	0.07	0.05	0.07
EPS Growth	-42.6%	-29.0%	+29.9%	-28.6%	+477.4%
Dividend Per Share	—	0.05	0.07	0.07	0.07
Shares Change (YoY)	0	—	—	—	—
Shares Outstanding (Basic)	100.23M	100.22M	100.22M	100.22M	100.22M
Shares Outstanding (Diluted)	100.23M	100.22M	100.22M	100.22M	100.22M
Dividend Growth	—	-28.6%	—	—	+75.0%
Free Cash Flow	-0.58M	-2.62M	8.94M	2.23M	3.10M
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
Payout Ratio	+174.8%	+157.0%	+105.2%	+136.2%	+56.8%

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
Operating Summary
Revenue	94.63M	128.86M	145.79M	132.48M	97.57M
Cost of Revenue	92.77M	125.22M	138.56M	126.61M	92.11M
Gross Profit	1.86M	3.64M	7.23M	5.87M	5.46M
SG&A	2.18M	2.08M	1.99M	2.06M	2.33M
Operating Expenses	1.25M	0.65M	0.86M	0.04M	2.50M
Operating Income	0.60M	3.00M	6.37M	5.83M	2.96M
Interest Income	3.95M	2.07M	0.94M	0.35M	4.28M
Interest Expense	-469.18K	-145.93K	-87.95K	—	—
Other Income/Expense	-29.91K	-50.79K	-70.53K	-54.79K	-76.91K
Pretax Income	2.67M	4.67M	6.58M	5.06M	7.12M
Income Tax	12.73K	39.98K	57.33K	41.05K	93.05K
Net Income	2.66M	4.63M	6.52M	5.02M	7.03M
EBITDA	2.51M	5.05M	8.51M	6.83M	4.25M
EBIT	0.60M	3.00M	6.37M	5.83M	2.96M
EPS (Basic)	0.03	0.05	0.07	0.05	0.07
EPS (Diluted)	0.03	0.05	0.07	0.05	0.07
DPS	—	0.05	0.07	0.07	0.07
Margins & Efficiency
Gross Margin %	+2.0%	+2.8%	+5.0%	+4.4%	+5.6%
EBITDA Margin %	+2.6%	+3.9%	+5.8%	+5.2%	+4.4%
Net Margin %	+2.8%	+3.6%	+4.5%	+3.8%	+7.2%
Revenue & Income
Revenue	94.63M	128.86M	145.79M	132.48M	97.57M
Revenue Growth (YoY)	-26.6%	-11.6%	+10.0%	+35.8%	+105.3%
Interest & Investment Income	3.95M	2.07M	0.94M	0.35M	4.28M
Earnings From Equity Investments	—	—	4.15K	-152.92K	—
Gain (Loss) on Sale of Assets	—	—	18.90K	-13.02K	-35.23K
Gain (Loss) on Sale of Investments	—	—	-592.00K	-900.00K	—
Currency Exchange Gain (Loss)	—	—	—	—	-6.10K
Expenses & Provisions
Cost of Revenue	92.77M	125.22M	138.56M	126.61M	92.11M
Selling, General & Admin	2.18M	2.08M	1.99M	2.06M	2.33M
Operating Expenses	1.25M	0.65M	0.86M	0.04M	2.50M
Other Operating Expenses	-0.92M	-1.43M	-1.12M	-2.02M	-1.73M
Interest Expense	-469.18K	-145.93K	-87.95K	—	—
Other Non Operating Income (Expenses)	-29.91K	-50.79K	-70.53K	-54.79K	-76.91K
Legal Settlements	-1.39M	-0.20M	—	—	—
D&A For EBITDA	1.90M	2.06M	2.14M	1.00M	1.29M
Profitability & Returns
Gross Profit	1.86M	3.64M	7.23M	5.87M	5.46M
Gross Margin	+2.0%	+2.8%	+5.0%	+4.4%	+5.6%
EBIT	0.60M	3.00M	6.37M	5.83M	2.96M
EBIT Margin	+0.6%	+2.3%	+4.4%	+4.4%	+3.0%
EBITDA	2.51M	5.05M	8.51M	6.83M	4.25M
EBITDA Margin	+2.7%	+3.9%	+5.8%	+5.2%	+4.4%
EBT Excluding Unusual Items	4.06M	4.87M	7.15M	5.97M	7.16M
Pretax Income	2.67M	4.67M	6.58M	5.06M	7.12M
Operating Income	0.60M	3.00M	6.37M	5.83M	2.96M
Operating Margin	+0.6%	+2.3%	+4.4%	+4.4%	+3.0%
Profit Margin	+2.8%	+3.6%	+4.5%	+3.8%	+7.2%
Net Income	2.66M	4.63M	6.52M	5.02M	7.03M
Net Income to Common	2.66M	4.63M	6.52M	5.02M	7.03M
Net Income Growth	-42.6%	-29.0%	+29.9%	-28.6%	+477.4%
Income Tax Expense	12.73K	39.98K	57.33K	41.05K	93.05K
Effective Tax Rate	+0.5%	+0.9%	+0.9%	+0.8%	+1.3%
Per Share & Capital
EPS (Basic)	0.03	0.05	0.07	0.05	0.07
EPS (Diluted)	0.03	0.05	0.07	0.05	0.07
EPS Growth	-42.6%	-29.0%	+29.9%	-28.6%	+477.4%
Dividend Per Share	—	0.05	0.07	0.07	0.07
Shares Change (YoY)	0	—	—	—	—
Shares Outstanding (Basic)	100.23M	100.22M	100.22M	100.22M	100.22M
Shares Outstanding (Diluted)	100.23M	100.22M	100.22M	100.22M	100.22M
Dividend Growth	—	-28.6%	—	—	+75.0%
Free Cash Flow	-0.58M	-2.62M	8.94M	2.23M	3.10M
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
Payout Ratio	+174.8%	+157.0%	+105.2%	+136.2%	+56.8%