HEAVY ENGINEERING INDUSTRISE AND SHIP BUILDING CO.

Heavy Engineering Industries & Shipbuilding Co. (KSC)

SHIPStocksBoursa 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
Operating Summary
Revenue	205.79M	163.15M	146.88M	123.70M	128.58M
Cost of Revenue	187.34M	147.74M	135.25M	114.04M	117.66M
Gross Profit	18.45M	15.41M	11.63M	9.66M	10.92M
SG&A	6.15M	4.79M	4.19M	3.67M	3.16M
Operating Expenses	6.48M	5.31M	3.77M	3.92M	3.79M
Operating Income	11.98M	10.10M	7.86M	5.74M	7.13M
Interest Income	203.25K	117.77K	117.57K	110.36K	144.61K
Interest Expense	-2.18M	-1.79M	-1.69M	-1.03M	-0.87M
Other Income/Expense	65.19K	805.57K	850.37K	740.69K	157.00K
Pretax Income	9.95M	9.16M	7.20M	5.71M	6.45M
Income Tax	133.86K	86.42K	85.03K	81.18K	71.77K
Net Income	9.82M	9.07M	7.11M	5.63M	6.38M
EBITDA	17.70M	14.91M	12.15M	10.11M	14.53M
EBIT	11.98M	10.10M	7.86M	5.74M	7.13M
EPS (Basic)	0.05	0.05	0.04	0.03	0.04
EPS (Diluted)	0.05	0.05	0.04	0.03	0.04
DPS	0.03	0.04	0.03	0.02	0.02
Margins & Efficiency
Gross Margin %	+9.0%	+9.4%	+7.9%	+7.8%	+8.5%
EBITDA Margin %	+8.6%	+9.1%	+8.3%	+8.2%	+11.3%
Net Margin %	+4.8%	+5.6%	+4.8%	+4.5%	+5.0%
Revenue & Income
Revenue	205.79M	163.15M	146.88M	123.70M	128.58M
Revenue Growth (YoY)	+26.1%	+11.1%	+18.7%	-3.8%	-15.8%
Interest & Investment Income	203.25K	117.77K	117.57K	110.36K	144.61K
Currency Exchange Gain (Loss)	-107.99K	-77.03K	58.79K	148.49K	-114.62K
Expenses & Provisions
Cost of Revenue	187.34M	147.74M	135.25M	114.04M	117.66M
Selling, General & Admin	6.15M	4.79M	4.19M	3.67M	3.16M
Operating Expenses	6.48M	5.31M	3.77M	3.92M	3.79M
Other Operating Expenses	327.40K	520.18K	-417.58K	250.38K	634.46K
Interest Expense	-2.18M	-1.79M	-1.69M	-1.03M	-0.87M
Other Non Operating Income (Expenses)	65.19K	805.57K	850.37K	740.69K	157.00K
D&A For EBITDA	5.72M	4.81M	4.28M	4.37M	7.40M
Profitability & Returns
Gross Profit	18.45M	15.41M	11.63M	9.66M	10.92M
Gross Margin	+9.0%	+9.4%	+7.9%	+7.8%	+8.5%
EBIT	11.98M	10.10M	7.86M	5.74M	7.13M
EBIT Margin	+5.8%	+6.2%	+5.4%	+4.6%	+5.5%
EBITDA	17.70M	14.91M	12.15M	10.11M	14.53M
EBITDA Margin	+8.6%	+9.1%	+8.3%	+8.2%	+11.3%
EBT Excluding Unusual Items	9.95M	9.16M	7.20M	5.71M	6.45M
Pretax Income	9.95M	9.16M	7.20M	5.71M	6.45M
Operating Income	11.98M	10.10M	7.86M	5.74M	7.13M
Operating Margin	+5.8%	+6.2%	+5.4%	+4.6%	+5.5%
Profit Margin	+4.8%	+5.6%	+4.8%	+4.5%	+5.0%
Net Income	9.82M	9.07M	7.11M	5.63M	6.38M
Net Income to Common	9.82M	9.07M	7.11M	5.63M	6.38M
Net Income Growth	+8.2%	+27.6%	+26.4%	-11.7%	-30.4%
Earnings From Continuing Ops.	9.82M	9.08M	7.11M	5.63M	6.38M
Minority Interest in Earnings	-0.19K	-1.77K	-0.44K	-0.31K	0.19K
Income Tax Expense	133.86K	86.42K	85.03K	81.18K	71.77K
Effective Tax Rate	+1.3%	+0.9%	+1.2%	+1.4%	+1.1%
Per Share & Capital
EPS (Basic)	0.05	0.05	0.04	0.03	0.04
EPS (Diluted)	0.05	0.05	0.04	0.03	0.04
EPS Growth	+8.2%	+27.6%	+26.4%	-11.7%	-30.4%
Dividend Per Share	0.03	0.04	0.03	0.02	0.02
Shares Outstanding (Basic)	180.24M	180.24M	180.24M	180.24M	180.24M
Shares Outstanding (Diluted)	180.24M	180.24M	180.24M	180.24M	180.24M
Dividend Growth	-28.6%	+16.7%	+50.0%	—	—
Free Cash Flow	0.89M	-10.43M	15.19M	1.31M	14.22M
Free Cash Flow Margin	+0.4%	-6.4%	+10.3%	+1.1%	+11.1%
Free Cash Flow Per Share	0.01	-0.06	0.08	0.01	0.08
Payout Ratio	+63.2%	+59.0%	+50.7%	+64.0%	+67.1%

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	205.79M	163.15M	146.88M	123.70M	128.58M
Cost of Revenue	187.34M	147.74M	135.25M	114.04M	117.66M
Gross Profit	18.45M	15.41M	11.63M	9.66M	10.92M
SG&A	6.15M	4.79M	4.19M	3.67M	3.16M
Operating Expenses	6.48M	5.31M	3.77M	3.92M	3.79M
Operating Income	11.98M	10.10M	7.86M	5.74M	7.13M
Interest Income	203.25K	117.77K	117.57K	110.36K	144.61K
Interest Expense	-2.18M	-1.79M	-1.69M	-1.03M	-0.87M
Other Income/Expense	65.19K	805.57K	850.37K	740.69K	157.00K
Pretax Income	9.95M	9.16M	7.20M	5.71M	6.45M
Income Tax	133.86K	86.42K	85.03K	81.18K	71.77K
Net Income	9.82M	9.07M	7.11M	5.63M	6.38M
EBITDA	17.70M	14.91M	12.15M	10.11M	14.53M
EBIT	11.98M	10.10M	7.86M	5.74M	7.13M
EPS (Basic)	0.05	0.05	0.04	0.03	0.04
EPS (Diluted)	0.05	0.05	0.04	0.03	0.04
DPS	0.03	0.04	0.03	0.02	0.02
Margins & Efficiency
Gross Margin %	+9.0%	+9.4%	+7.9%	+7.8%	+8.5%
EBITDA Margin %	+8.6%	+9.1%	+8.3%	+8.2%	+11.3%
Net Margin %	+4.8%	+5.6%	+4.8%	+4.5%	+5.0%
Revenue & Income
Revenue	205.79M	163.15M	146.88M	123.70M	128.58M
Revenue Growth (YoY)	+26.1%	+11.1%	+18.7%	-3.8%	-15.8%
Interest & Investment Income	203.25K	117.77K	117.57K	110.36K	144.61K
Currency Exchange Gain (Loss)	-107.99K	-77.03K	58.79K	148.49K	-114.62K
Expenses & Provisions
Cost of Revenue	187.34M	147.74M	135.25M	114.04M	117.66M
Selling, General & Admin	6.15M	4.79M	4.19M	3.67M	3.16M
Operating Expenses	6.48M	5.31M	3.77M	3.92M	3.79M
Other Operating Expenses	327.40K	520.18K	-417.58K	250.38K	634.46K
Interest Expense	-2.18M	-1.79M	-1.69M	-1.03M	-0.87M
Other Non Operating Income (Expenses)	65.19K	805.57K	850.37K	740.69K	157.00K
D&A For EBITDA	5.72M	4.81M	4.28M	4.37M	7.40M
Profitability & Returns
Gross Profit	18.45M	15.41M	11.63M	9.66M	10.92M
Gross Margin	+9.0%	+9.4%	+7.9%	+7.8%	+8.5%
EBIT	11.98M	10.10M	7.86M	5.74M	7.13M
EBIT Margin	+5.8%	+6.2%	+5.4%	+4.6%	+5.5%
EBITDA	17.70M	14.91M	12.15M	10.11M	14.53M
EBITDA Margin	+8.6%	+9.1%	+8.3%	+8.2%	+11.3%
EBT Excluding Unusual Items	9.95M	9.16M	7.20M	5.71M	6.45M
Pretax Income	9.95M	9.16M	7.20M	5.71M	6.45M
Operating Income	11.98M	10.10M	7.86M	5.74M	7.13M
Operating Margin	+5.8%	+6.2%	+5.4%	+4.6%	+5.5%
Profit Margin	+4.8%	+5.6%	+4.8%	+4.5%	+5.0%
Net Income	9.82M	9.07M	7.11M	5.63M	6.38M
Net Income to Common	9.82M	9.07M	7.11M	5.63M	6.38M
Net Income Growth	+8.2%	+27.6%	+26.4%	-11.7%	-30.4%
Earnings From Continuing Ops.	9.82M	9.08M	7.11M	5.63M	6.38M
Minority Interest in Earnings	-0.19K	-1.77K	-0.44K	-0.31K	0.19K
Income Tax Expense	133.86K	86.42K	85.03K	81.18K	71.77K
Effective Tax Rate	+1.3%	+0.9%	+1.2%	+1.4%	+1.1%
Per Share & Capital
EPS (Basic)	0.05	0.05	0.04	0.03	0.04
EPS (Diluted)	0.05	0.05	0.04	0.03	0.04
EPS Growth	+8.2%	+27.6%	+26.4%	-11.7%	-30.4%
Dividend Per Share	0.03	0.04	0.03	0.02	0.02
Shares Outstanding (Basic)	180.24M	180.24M	180.24M	180.24M	180.24M
Shares Outstanding (Diluted)	180.24M	180.24M	180.24M	180.24M	180.24M
Dividend Growth	-28.6%	+16.7%	+50.0%	—	—
Free Cash Flow	0.89M	-10.43M	15.19M	1.31M	14.22M
Free Cash Flow Margin	+0.4%	-6.4%	+10.3%	+1.1%	+11.1%
Free Cash Flow Per Share	0.01	-0.06	0.08	0.01	0.08
Payout Ratio	+63.2%	+59.0%	+50.7%	+64.0%	+67.1%