SPECIALITIES GROUP HOLDING CO.

Specialties Group Holding Company K.S.C. (Closed)

SPECStocksBoursa KuwaitMaterials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (KWD)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operating Summary
Revenue	8.00M	7.03M	4.80M	3.81M	4.96M
Cost of Revenue	6.46M	5.80M	3.68M	2.78M	3.70M
Gross Profit	1.54M	1.23M	1.12M	1.03M	1.26M
SG&A	1.05M	0.47M	0.50M	0.50M	0.75M
Operating Expenses	1.26M	0.48M	0.53M	0.51M	1.61M
Operating Income	284.07K	742.28K	597.77K	524.36K	-347.92K
Interest Income	206.35K	22.93K	16.78K	32.18K	26.23K
Interest Expense	-36.33K	-36.07K	-35.81K	-36.54K	-51.83K
Other Income/Expense	16.92K	-6.74K	-5.35K	-4.83K	10.55K
Pretax Income	0.43M	0.72M	0.57M	0.52M	0.59M
Income Tax	30.66K	8.04K	6.33K	5.70K	30.43K
Net Income	403.35K	714.37K	567.05K	511.72K	495.15K
EBITDA	0.62M	1.09M	0.95M	0.84M	-0.08M
EBIT	284.07K	742.28K	597.77K	524.36K	-347.92K
EPS (Basic)	0.00	0.00	0.00	0.00	0.00
EPS (Diluted)	0.00	0.00	0.00	0.00	0.00
Margins & Efficiency
Gross Margin %	+19.2%	+17.4%	+23.4%	+27.1%	+25.4%
EBITDA Margin %	+7.7%	+15.6%	+19.7%	+22.1%	-1.5%
Net Margin %	+5.0%	+10.2%	+11.8%	+13.4%	+10.0%
Revenue & Income
Revenue	8.00M	7.03M	4.80M	3.81M	4.96M
Revenue Growth (YoY)	+61.4%	+134.0%	+72.0%	+6.0%	+45.9%
Interest & Investment Income	206.35K	22.93K	16.78K	32.18K	26.23K
Earnings From Equity Investments	—	—	—	—	—
Gain (Loss) on Sale of Assets	0.50K	—	—	2.25K	—
Gain (Loss) on Sale of Investments	-0.02M	—	—	—	0.08M
Currency Exchange Gain (Loss)	—	—	—	—	1.25K
Expenses & Provisions
Cost of Revenue	6.46M	5.80M	3.68M	2.78M	3.70M
Selling, General & Admin	1.05M	0.47M	0.50M	0.50M	0.75M
Operating Expenses	1.26M	0.48M	0.53M	0.51M	1.61M
Other Operating Expenses	-181.10K	5.25K	15.60K	5.68K	32.01K
Interest Expense	-36.33K	-36.07K	-35.81K	-36.54K	-51.83K
Other Non Operating Income (Expenses)	16.92K	-6.74K	-5.35K	-4.83K	10.55K
Asset Writedown	-0.02M	—	—	—	0.88M
D&A For EBITDA	331.66K	351.40K	347.93K	317.76K	272.15K
Profitability & Returns
Gross Profit	1.54M	1.23M	1.12M	1.03M	1.26M
Gross Margin	+19.2%	+17.4%	+23.4%	+27.1%	+25.4%
EBIT	284.07K	742.28K	597.77K	524.36K	-347.92K
EBIT Margin	+3.6%	+10.6%	+12.5%	+13.7%	-7.0%
EBITDA	0.62M	1.09M	0.95M	0.84M	-0.08M
EBITDA Margin	+7.7%	+15.6%	+19.7%	+22.1%	-1.5%
EBT Excluding Unusual Items	471.01K	722.40K	573.39K	515.17K	-361.73K
Pretax Income	0.43M	0.72M	0.57M	0.52M	0.59M
Operating Income	284.07K	742.28K	597.77K	524.36K	-347.92K
Operating Margin	+3.6%	+10.6%	+12.5%	+13.7%	-7.0%
Profit Margin	+5.0%	+10.2%	+11.8%	+13.4%	+10.0%
Net Income	403.35K	714.37K	567.05K	511.72K	495.15K
Net Income to Common	403.35K	714.37K	567.05K	511.72K	495.15K
Net Income to Company	403.35K	714.37K	567.05K	511.72K	495.15K
Net Income Growth	-18.5%	+114.4%	+49.2%	+27.7%	+8.1%
Earnings From Continuing Ops.	0.40M	0.71M	0.57M	0.51M	0.56M
Earnings From Discontinued Ops.	—	—	—	—	-66.56K
Minority Interest in Earnings	—	—	—	—	—
Income Tax Expense	30.66K	8.04K	6.33K	5.70K	30.43K
Effective Tax Rate	+7.1%	+1.1%	+1.1%	+1.1%	+5.1%
Per Share & Capital
EPS (Basic)	0.00	0.00	0.00	0.00	0.00
EPS (Diluted)	0.00	0.00	0.00	0.00	0.00
EPS Growth	-18.6%	+114.4%	+49.2%	+27.8%	+9.2%
Dividend Per Share	0.00	—	—	—	0.00
Shares Change (YoY)	—	—	—	—	-0.01
Shares Outstanding (Basic)	190.71M	190.71M	190.71M	190.71M	190.71M
Shares Outstanding (Diluted)	190.71M	190.71M	190.71M	190.71M	190.71M
Dividend Growth	+57.9%	—	—	—	-57.8%
Free Cash Flow	-0.76M	1.85M	1.44M	-0.05M	-0.21M
Free Cash Flow Margin	-9.6%	+26.3%	+30.0%	-1.4%	-4.2%
Free Cash Flow Per Share	-0.00	0.01	0.01	0.00	-0.00
Payout Ratio	—	+1.7%	+60.7%	—	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (KWD)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operating Summary
Revenue	8.00M	7.03M	4.80M	3.81M	4.96M
Cost of Revenue	6.46M	5.80M	3.68M	2.78M	3.70M
Gross Profit	1.54M	1.23M	1.12M	1.03M	1.26M
SG&A	1.05M	0.47M	0.50M	0.50M	0.75M
Operating Expenses	1.26M	0.48M	0.53M	0.51M	1.61M
Operating Income	284.07K	742.28K	597.77K	524.36K	-347.92K
Interest Income	206.35K	22.93K	16.78K	32.18K	26.23K
Interest Expense	-36.33K	-36.07K	-35.81K	-36.54K	-51.83K
Other Income/Expense	16.92K	-6.74K	-5.35K	-4.83K	10.55K
Pretax Income	0.43M	0.72M	0.57M	0.52M	0.59M
Income Tax	30.66K	8.04K	6.33K	5.70K	30.43K
Net Income	403.35K	714.37K	567.05K	511.72K	495.15K
EBITDA	0.62M	1.09M	0.95M	0.84M	-0.08M
EBIT	284.07K	742.28K	597.77K	524.36K	-347.92K
EPS (Basic)	0.00	0.00	0.00	0.00	0.00
EPS (Diluted)	0.00	0.00	0.00	0.00	0.00
Margins & Efficiency
Gross Margin %	+19.2%	+17.4%	+23.4%	+27.1%	+25.4%
EBITDA Margin %	+7.7%	+15.6%	+19.7%	+22.1%	-1.5%
Net Margin %	+5.0%	+10.2%	+11.8%	+13.4%	+10.0%
Revenue & Income
Revenue	8.00M	7.03M	4.80M	3.81M	4.96M
Revenue Growth (YoY)	+61.4%	+134.0%	+72.0%	+6.0%	+45.9%
Interest & Investment Income	206.35K	22.93K	16.78K	32.18K	26.23K
Earnings From Equity Investments	—	—	—	—	—
Gain (Loss) on Sale of Assets	0.50K	—	—	2.25K	—
Gain (Loss) on Sale of Investments	-0.02M	—	—	—	0.08M
Currency Exchange Gain (Loss)	—	—	—	—	1.25K
Expenses & Provisions
Cost of Revenue	6.46M	5.80M	3.68M	2.78M	3.70M
Selling, General & Admin	1.05M	0.47M	0.50M	0.50M	0.75M
Operating Expenses	1.26M	0.48M	0.53M	0.51M	1.61M
Other Operating Expenses	-181.10K	5.25K	15.60K	5.68K	32.01K
Interest Expense	-36.33K	-36.07K	-35.81K	-36.54K	-51.83K
Other Non Operating Income (Expenses)	16.92K	-6.74K	-5.35K	-4.83K	10.55K
Asset Writedown	-0.02M	—	—	—	0.88M
D&A For EBITDA	331.66K	351.40K	347.93K	317.76K	272.15K
Profitability & Returns
Gross Profit	1.54M	1.23M	1.12M	1.03M	1.26M
Gross Margin	+19.2%	+17.4%	+23.4%	+27.1%	+25.4%
EBIT	284.07K	742.28K	597.77K	524.36K	-347.92K
EBIT Margin	+3.6%	+10.6%	+12.5%	+13.7%	-7.0%
EBITDA	0.62M	1.09M	0.95M	0.84M	-0.08M
EBITDA Margin	+7.7%	+15.6%	+19.7%	+22.1%	-1.5%
EBT Excluding Unusual Items	471.01K	722.40K	573.39K	515.17K	-361.73K
Pretax Income	0.43M	0.72M	0.57M	0.52M	0.59M
Operating Income	284.07K	742.28K	597.77K	524.36K	-347.92K
Operating Margin	+3.6%	+10.6%	+12.5%	+13.7%	-7.0%
Profit Margin	+5.0%	+10.2%	+11.8%	+13.4%	+10.0%
Net Income	403.35K	714.37K	567.05K	511.72K	495.15K
Net Income to Common	403.35K	714.37K	567.05K	511.72K	495.15K
Net Income to Company	403.35K	714.37K	567.05K	511.72K	495.15K
Net Income Growth	-18.5%	+114.4%	+49.2%	+27.7%	+8.1%
Earnings From Continuing Ops.	0.40M	0.71M	0.57M	0.51M	0.56M
Earnings From Discontinued Ops.	—	—	—	—	-66.56K
Minority Interest in Earnings	—	—	—	—	—
Income Tax Expense	30.66K	8.04K	6.33K	5.70K	30.43K
Effective Tax Rate	+7.1%	+1.1%	+1.1%	+1.1%	+5.1%
Per Share & Capital
EPS (Basic)	0.00	0.00	0.00	0.00	0.00
EPS (Diluted)	0.00	0.00	0.00	0.00	0.00
EPS Growth	-18.6%	+114.4%	+49.2%	+27.8%	+9.2%
Dividend Per Share	0.00	—	—	—	0.00
Shares Change (YoY)	—	—	—	—	-0.01
Shares Outstanding (Basic)	190.71M	190.71M	190.71M	190.71M	190.71M
Shares Outstanding (Diluted)	190.71M	190.71M	190.71M	190.71M	190.71M
Dividend Growth	+57.9%	—	—	—	-57.8%
Free Cash Flow	-0.76M	1.85M	1.44M	-0.05M	-0.21M
Free Cash Flow Margin	-9.6%	+26.3%	+30.0%	-1.4%	-4.2%
Free Cash Flow Per Share	-0.00	0.01	0.01	0.00	-0.00
Payout Ratio	—	+1.7%	+60.7%	—	—