UNITED PROJECTS CO.

United Projects Company for Aviation Services KSCP

UPACStocksBoursa KuwaitDiversified Financials

Financials

1-5

	CurrentMar 10, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Market & Price
Market Capitalization	63.45M	81.96M	95.93M	55.52M	63.45M
Market Cap Growth	-9.2%	+40.0%	+66.0%	-18.8%	-1.8%
Enterprise Value	172.75M	214.63M	225.29M	188.14M	224.18M
Last Close Price	0.17	0.22	0.25	0.15	0.17
Valuation Multiples
PE Ratio	—	—	—	—	80.56
PS Ratio	16.83	21.74	17.29	7.46	7.61
PB Ratio	0.60	0.78	0.90	0.52	0.59
P/TBV Ratio	0.61	0.79	0.91	0.66	0.76
P/FCF Ratio	93.59	—	—	20.15	19.78
P/OCF Ratio	92.80	—	—	19.88	19.59
EV/Sales Ratio	45.82	56.93	40.61	25.29	26.90
EV/EBITDA Ratio	211.60	—	—	65.02	64.22
EV/EBIT Ratio	—	—	—	114.44	84.55
EV/FCF Ratio	254.82	—	—	68.29	69.88
Leverage & Capital
Debt / Equity Ratio	1.10	1.10	1.33	1.30	1.33
Debt / EBITDA Ratio	143.06	—	—	83.39	32.42
Debt / FCF Ratio	172.28	—	—	50.50	44.32
Net Debt / Equity Ratio	1.02	1.02	1.23	1.19	1.23
Net Debt / EBITDA Ratio	132.24	132.24	83.59	44.27	37.65
Net Debt / FCF Ratio	159.25	159.25	82.85	46.49	40.97
Efficiency & Liquidity
Asset Turnover	0.00	0.00	0.02	0.03	0.03
Quick Ratio	0.08	0.08	0.09	0.10	0.10
Current Ratio	0.08	0.08	0.09	0.10	0.10
Returns & Yields
Return on Equity (ROE)	-2.8%	-2.9%	+0.1%	+1.8%	-2.4%
Return on Assets (ROA)	-0.7%	-0.7%	0.0%	+0.6%	+0.1%
Return on Invested Capital (ROIC)	-0.3%	-0.3%	0.0%	+0.3%	0.0%
Return on Capital Employed (ROCE)	-0.5%	-0.5%	+0.1%	+1.3%	+2.0%
Earnings Yield	-1.9%	-1.5%	-1.2%	+0.1%	+1.2%
FCF Yield	+1.1%	+0.8%	+1.7%	+5.0%	+5.1%
Buyback Yield / Dilution	—	—	—	—	—
Total Shareholder Return	—	—	—	—	—

1-5

	CurrentMar 10, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Market & Price
Market Capitalization	63.45M	81.96M	95.93M	55.52M	63.45M
Market Cap Growth	-9.2%	+40.0%	+66.0%	-18.8%	-1.8%
Enterprise Value	172.75M	214.63M	225.29M	188.14M	224.18M
Last Close Price	0.17	0.22	0.25	0.15	0.17
Valuation Multiples
PE Ratio	—	—	—	—	80.56
PS Ratio	16.83	21.74	17.29	7.46	7.61
PB Ratio	0.60	0.78	0.90	0.52	0.59
P/TBV Ratio	0.61	0.79	0.91	0.66	0.76
P/FCF Ratio	93.59	—	—	20.15	19.78
P/OCF Ratio	92.80	—	—	19.88	19.59
EV/Sales Ratio	45.82	56.93	40.61	25.29	26.90
EV/EBITDA Ratio	211.60	—	—	65.02	64.22
EV/EBIT Ratio	—	—	—	114.44	84.55
EV/FCF Ratio	254.82	—	—	68.29	69.88
Leverage & Capital
Debt / Equity Ratio	1.10	1.10	1.33	1.30	1.33
Debt / EBITDA Ratio	143.06	—	—	83.39	32.42
Debt / FCF Ratio	172.28	—	—	50.50	44.32
Net Debt / Equity Ratio	1.02	1.02	1.23	1.19	1.23
Net Debt / EBITDA Ratio	132.24	132.24	83.59	44.27	37.65
Net Debt / FCF Ratio	159.25	159.25	82.85	46.49	40.97
Efficiency & Liquidity
Asset Turnover	0.00	0.00	0.02	0.03	0.03
Quick Ratio	0.08	0.08	0.09	0.10	0.10
Current Ratio	0.08	0.08	0.09	0.10	0.10
Returns & Yields
Return on Equity (ROE)	-2.8%	-2.9%	+0.1%	+1.8%	-2.4%
Return on Assets (ROA)	-0.7%	-0.7%	0.0%	+0.6%	+0.1%
Return on Invested Capital (ROIC)	-0.3%	-0.3%	0.0%	+0.3%	0.0%
Return on Capital Employed (ROCE)	-0.5%	-0.5%	+0.1%	+1.3%	+2.0%
Earnings Yield	-1.9%	-1.5%	-1.2%	+0.1%	+1.2%
FCF Yield	+1.1%	+0.8%	+1.7%	+5.0%	+5.1%
Buyback Yield / Dilution	—	—	—	—	—
Total Shareholder Return	—	—	—	—	—