VALMORE

Valmore Holding

VALMOREStocksBoursa KuwaitDiversified Financials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

USD KWD

Annual (KWD)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Assets
Cash & Equivalents	140.57M	84.72M	96.66M	140.62M	58.64M
Cash & Short-Term Investments	217.34M	164.02M	211.23M	222.75M	204.12M
Receivables	48.54M	43.25M	45.88M	46.37M	48.64M
Inventory	35.69M	38.02M	39.69M	39.14M	37.23M
Current Assets	322.56M	261.89M	317.97M	325.93M	319.48M
PP&E	125.21M	128.88M	150.20M	151.68M	147.47M
Goodwill	12.63M	12.85M	14.34M	15.29M	43.08M
Intangible Assets	4.88M	—	—	0.19M	0.23M
Total Assets	491.06M	442.79M	538.71M	604.92M	660.69M
Liabilities
Accounts Payable	67.25M	76.16M	77.06M	85.20M	98.41M
Current Liabilities	165.09M	184.93M	215.52M	208.90M	249.02M
Long-Term Debt	134.87M	114.18M	116.00M	127.59M	140.54M
Total Debt	219.83M	181.93M	197.61M	199.92M	220.16M
Total Liabilities	312.89M	305.10M	341.20M	344.76M	398.15M
Equity & Ownership
Retained Earnings	121.85M	206.35M	198.68M	182.22M	133.78M
Total Equity	178.17M	137.69M	197.51M	260.16M	262.54M
Net Debt	2.49M	17.91M	-13.62M	-22.83M	16.05M
Shares Outstanding	1,174,453,759	1,178,310,152	1,182,799,699	1,182,562,441	1,182,819,503
Cash & Assets
Total Assets	1.59B	1.43B	1.75B	1.96B	2.14B
Total Current Assets	1.05B	0.85B	1.03B	1.06B	1.04B
Cash & Equivalents	455.52M	274.54M	313.23M	455.70M	190.01M
Cash & Short-Term Investments	704.32M	531.51M	684.49M	721.84M	661.45M
Net Cash (Debt)	-8.05M	-58.04M	44.13M	73.99M	-52.00M
Net Cash Per Share	-0.01	-0.05	0.04	0.06	-0.04
Cash Growth	+32.5%	-22.4%	-5.2%	+9.1%	+42.7%
Net Cash Growth	—	—	-40.4%	—	—
Accounts Receivable	139.14M	126.12M	139.24M	136.25M	141.65M
Other Receivables	18.17M	13.92M	9.29M	13.81M	15.59M
Receivables	157.31M	140.15M	148.68M	150.25M	157.62M
Inventory	115.64M	123.20M	128.62M	126.85M	120.66M
Prepaid Expenses	19.03M	15.49M	2.47M	1.98M	—
Construction In Progress	41.29M	79.71M	100.49M	112.74M	80.74M
Land	15.69M	18.13M	23.31M	26.63M	27.49M
Buildings	75.16M	56.75M	60.83M	58.86M	54.27M
Machinery	469.45M	425.59M	468.26M	431.83M	461.44M
Leasehold Improvements	1.71M	2.15M	1.70M	1.48M	1.42M
Property, Plant & Equipment	405.75M	417.64M	486.73M	491.52M	477.89M
Goodwill	40.91M	41.63M	46.48M	49.56M	139.62M
Other Intangible Assets	15.81M	—	—	0.63M	0.75M
Other Current Assets	49.00M	38.34M	66.12M	55.28M	95.57M
Other Long-Term Assets	—	343.85K	884.46K	—	—
Long-Term Accounts Receivable	11.23M	5.97M	—	—	—
Long-Term Leases	31.27M	5.38M	7.87M	8.24M	9.87M
Current Portion of Leases	1.03M	1.14M	1.17M	2.03M	2.45M
Long-Term Deferred Charges	—	—	—	—	440.96K
Loans & Investments
Trading Asset Securities	0.02M	5.20M	9.59M	28.20M	54.11M
Short-Term Investments	248.77M	251.76M	361.67M	237.94M	417.33M
Long-Term Investments	72.31M	120.62M	170.92M	356.12M	486.89M
Liabilities & Obligations
Total Liabilities	1.01B	0.99B	1.11B	1.12B	1.29B
Total Liabilities & Equity	1.59B	1.43B	1.75B	1.96B	2.14B
Total Current Liabilities	534.99M	599.29M	698.41M	676.96M	806.96M
Accounts Payable	217.93M	246.80M	249.73M	276.08M	318.89M
Current Income Taxes Payable	46.61M	38.43M	51.95M	26.93M	55.93M
Other Current Liabilities	26.41M	99.88M	140.14M	147.80M	183.99M
Long-Term Deferred Tax Liabilities	8.08M	12.38M	18.62M	9.00M	14.09M
Other Long-Term Liabilities	2.56M	1.67M	4.88M	9.54M	3.89M
Debt & Funding
Long-Term Debt	437.05M	369.99M	375.90M	413.46M	455.43M
Total Debt	712.37M	589.55M	640.36M	647.85M	713.45M
Current Portion of Long-Term Debt	243.02M	213.04M	255.42M	224.12M	245.70M
Equity & Book Value
Shareholders' Equity	577.36M	446.18M	640.05M	843.06M	850.77M
Total Common Equity	473.91M	314.72M	472.32M	564.22M	621.65M
Common Stock	295.81M	281.72M	281.72M	281.72M	281.72M
Additional Paid-In Capital	—	—	—	57.95M	57.95M
Retained Earnings	394.85M	668.69M	643.84M	590.48M	433.52M
Treasury Stock	-6.59M	-7.88M	-3.35M	-0.74M	—
Comprehensive Income & Other	-210.15M	-627.81M	-449.89M	-365.20M	-151.56M
Minority Interest	103.45M	131.46M	167.73M	278.85M	229.13M
Book Value Per Share	0.40	0.27	0.40	0.48	0.53
Tangible Book Value	417.18M	273.09M	425.84M	514.03M	481.28M
Tangible Book Value Per Share	0.36	0.23	0.36	0.43	0.41
Filing Date Shares Outstanding	1.17B	1.18B	1.18B	1.18B	1.18B
Total Common Shares Outstanding	1.17B	1.18B	1.18B	1.18B	1.18B
Working Capital	510.29M	249.39M	331.98M	379.24M	228.33M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

USD KWD

Annual (KWD)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Assets
Cash & Equivalents	140.57M	84.72M	96.66M	140.62M	58.64M
Cash & Short-Term Investments	217.34M	164.02M	211.23M	222.75M	204.12M
Receivables	48.54M	43.25M	45.88M	46.37M	48.64M
Inventory	35.69M	38.02M	39.69M	39.14M	37.23M
Current Assets	322.56M	261.89M	317.97M	325.93M	319.48M
PP&E	125.21M	128.88M	150.20M	151.68M	147.47M
Goodwill	12.63M	12.85M	14.34M	15.29M	43.08M
Intangible Assets	4.88M	—	—	0.19M	0.23M
Total Assets	491.06M	442.79M	538.71M	604.92M	660.69M
Liabilities
Accounts Payable	67.25M	76.16M	77.06M	85.20M	98.41M
Current Liabilities	165.09M	184.93M	215.52M	208.90M	249.02M
Long-Term Debt	134.87M	114.18M	116.00M	127.59M	140.54M
Total Debt	219.83M	181.93M	197.61M	199.92M	220.16M
Total Liabilities	312.89M	305.10M	341.20M	344.76M	398.15M
Equity & Ownership
Retained Earnings	121.85M	206.35M	198.68M	182.22M	133.78M
Total Equity	178.17M	137.69M	197.51M	260.16M	262.54M
Net Debt	2.49M	17.91M	-13.62M	-22.83M	16.05M
Shares Outstanding	1,174,453,759	1,178,310,152	1,182,799,699	1,182,562,441	1,182,819,503
Cash & Assets
Total Assets	1.59B	1.43B	1.75B	1.96B	2.14B
Total Current Assets	1.05B	0.85B	1.03B	1.06B	1.04B
Cash & Equivalents	455.52M	274.54M	313.23M	455.70M	190.01M
Cash & Short-Term Investments	704.32M	531.51M	684.49M	721.84M	661.45M
Net Cash (Debt)	-8.05M	-58.04M	44.13M	73.99M	-52.00M
Net Cash Per Share	-0.01	-0.05	0.04	0.06	-0.04
Cash Growth	+32.5%	-22.4%	-5.2%	+9.1%	+42.7%
Net Cash Growth	—	—	-40.4%	—	—
Accounts Receivable	139.14M	126.12M	139.24M	136.25M	141.65M
Other Receivables	18.17M	13.92M	9.29M	13.81M	15.59M
Receivables	157.31M	140.15M	148.68M	150.25M	157.62M
Inventory	115.64M	123.20M	128.62M	126.85M	120.66M
Prepaid Expenses	19.03M	15.49M	2.47M	1.98M	—
Construction In Progress	41.29M	79.71M	100.49M	112.74M	80.74M
Land	15.69M	18.13M	23.31M	26.63M	27.49M
Buildings	75.16M	56.75M	60.83M	58.86M	54.27M
Machinery	469.45M	425.59M	468.26M	431.83M	461.44M
Leasehold Improvements	1.71M	2.15M	1.70M	1.48M	1.42M
Property, Plant & Equipment	405.75M	417.64M	486.73M	491.52M	477.89M
Goodwill	40.91M	41.63M	46.48M	49.56M	139.62M
Other Intangible Assets	15.81M	—	—	0.63M	0.75M
Other Current Assets	49.00M	38.34M	66.12M	55.28M	95.57M
Other Long-Term Assets	—	343.85K	884.46K	—	—
Long-Term Accounts Receivable	11.23M	5.97M	—	—	—
Long-Term Leases	31.27M	5.38M	7.87M	8.24M	9.87M
Current Portion of Leases	1.03M	1.14M	1.17M	2.03M	2.45M
Long-Term Deferred Charges	—	—	—	—	440.96K
Loans & Investments
Trading Asset Securities	0.02M	5.20M	9.59M	28.20M	54.11M
Short-Term Investments	248.77M	251.76M	361.67M	237.94M	417.33M
Long-Term Investments	72.31M	120.62M	170.92M	356.12M	486.89M
Liabilities & Obligations
Total Liabilities	1.01B	0.99B	1.11B	1.12B	1.29B
Total Liabilities & Equity	1.59B	1.43B	1.75B	1.96B	2.14B
Total Current Liabilities	534.99M	599.29M	698.41M	676.96M	806.96M
Accounts Payable	217.93M	246.80M	249.73M	276.08M	318.89M
Current Income Taxes Payable	46.61M	38.43M	51.95M	26.93M	55.93M
Other Current Liabilities	26.41M	99.88M	140.14M	147.80M	183.99M
Long-Term Deferred Tax Liabilities	8.08M	12.38M	18.62M	9.00M	14.09M
Other Long-Term Liabilities	2.56M	1.67M	4.88M	9.54M	3.89M
Debt & Funding
Long-Term Debt	437.05M	369.99M	375.90M	413.46M	455.43M
Total Debt	712.37M	589.55M	640.36M	647.85M	713.45M
Current Portion of Long-Term Debt	243.02M	213.04M	255.42M	224.12M	245.70M
Equity & Book Value
Shareholders' Equity	577.36M	446.18M	640.05M	843.06M	850.77M
Total Common Equity	473.91M	314.72M	472.32M	564.22M	621.65M
Common Stock	295.81M	281.72M	281.72M	281.72M	281.72M
Additional Paid-In Capital	—	—	—	57.95M	57.95M
Retained Earnings	394.85M	668.69M	643.84M	590.48M	433.52M
Treasury Stock	-6.59M	-7.88M	-3.35M	-0.74M	—
Comprehensive Income & Other	-210.15M	-627.81M	-449.89M	-365.20M	-151.56M
Minority Interest	103.45M	131.46M	167.73M	278.85M	229.13M
Book Value Per Share	0.40	0.27	0.40	0.48	0.53
Tangible Book Value	417.18M	273.09M	425.84M	514.03M	481.28M
Tangible Book Value Per Share	0.36	0.23	0.36	0.43	0.41
Filing Date Shares Outstanding	1.17B	1.18B	1.18B	1.18B	1.18B
Total Common Shares Outstanding	1.17B	1.18B	1.18B	1.18B	1.18B
Working Capital	510.29M	249.39M	331.98M	379.24M	228.33M