VALMORE

Valmore Holding

VALMOREStocksBoursa KuwaitDiversified Financials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

USD KWD

Quarterly (KWD)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Assets
Cash & Equivalents	140.33M	91.26M	79.71M	101.40M	84.58M
Cash & Short-Term Investments	216.97M	154.32M	138.06M	183.24M	163.74M
Receivables	48.46M	53.46M	48.31M	47.89M	43.17M
Inventory	35.62M	40.32M	37.66M	39.29M	37.95M
Current Assets	322.01M	311.52M	282.29M	292.75M	261.44M
PP&E	125.00M	137.30M	126.91M	131.75M	128.66M
Goodwill	12.60M	12.60M	12.52M	12.84M	12.82M
Intangible Assets	4.87M	0.25M	—	—	—
Total Assets	490.22M	481.32M	446.32M	468.43M	442.03M
Liabilities
Accounts Payable	67.13M	78.08M	68.36M	80.62M	76.03M
Current Liabilities	164.81M	184.30M	188.65M	193.19M	184.62M
Long-Term Debt	134.64M	122.36M	98.10M	113.66M	113.98M
Short-Term Debt	—	—	—	—	—
Total Debt	219.45M	191.57M	175.46M	180.99M	181.62M
Total Liabilities	312.36M	319.67M	292.13M	313.26M	304.58M
Equity & Ownership
Retained Earnings	121.64M	220.07M	213.93M	225.48M	206.00M
Total Equity	177.86M	161.65M	154.19M	155.17M	137.45M
Net Debt	2.48M	37.25M	37.40M	-2.25M	17.88M
Shares Outstanding	1,174,453,759	1,172,804,415	1,173,983,068	1,173,827,392	1,178,310,152
Cash & Assets
Total Assets	1.59B	1.56B	1.45B	1.52B	1.43B
Total Current Assets	1.05B	1.01B	0.92B	0.95B	0.85B
Cash & Equivalents	455.52M	296.22M	258.76M	329.14M	274.54M
Cash & Short-Term Investments	704.32M	500.94M	448.16M	594.83M	531.51M
Net Cash (Debt)	-8.05M	-120.93M	-121.41M	7.32M	-58.04M
Net Cash Per Share	-0.01	-0.10	-0.10	0.01	-0.05
Cash Growth	+32.5%	-6.7%	-17.7%	-3.0%	-22.4%
Net Cash Growth	—	—	—	-79.8%	—
Accounts Receivable	139.14M	173.55M	156.83M	155.44M	126.12M
Other Receivables	18.17M	—	—	—	13.92M
Receivables	157.31M	173.55M	156.83M	155.44M	140.15M
Inventory	115.64M	130.87M	122.24M	127.54M	123.20M
Prepaid Expenses	19.03M	—	—	—	15.49M
Construction In Progress	41.29M	47.30M	86.34M	82.57M	79.71M
Land	15.69M	15.67M	15.47M	18.17M	18.13M
Buildings	75.16M	82.65M	56.53M	56.79M	56.75M
Machinery	469.45M	469.13M	434.13M	441.02M	425.59M
Leasehold Improvements	1.71M	2.19M	2.13M	2.13M	2.15M
Property, Plant & Equipment	405.75M	445.69M	411.96M	427.68M	417.64M
Goodwill	40.91M	40.89M	40.65M	41.67M	41.63M
Other Intangible Assets	15.81M	0.81M	—	—	—
Other Current Assets	49.00M	205.88M	189.12M	72.48M	38.34M
Other Long-Term Assets	—	—	—	343.28K	343.85K
Long-Term Accounts Receivable	11.23M	—	—	—	5.97M
Long-Term Leases	31.27M	29.79M	4.75M	5.64M	5.38M
Current Portion of Leases	1.03M	1.00M	2.05M	0.92M	1.14M
Long-Term Deferred Charges	—	—	—	—	—
Loans & Investments
Trading Asset Securities	0.02M	1.53M	3.08M	6.87M	5.20M
Short-Term Investments	248.77M	203.18M	186.31M	258.81M	251.76M
Long-Term Investments	72.31M	57.86M	74.10M	94.53M	120.62M
Liabilities & Obligations
Total Liabilities	1.01B	1.04B	0.95B	1.02B	0.99B
Total Liabilities & Equity	1.59B	1.56B	1.45B	1.52B	1.43B
Total Current Liabilities	534.99M	598.27M	612.37M	627.13M	599.29M
Accounts Payable	217.93M	253.47M	221.89M	261.71M	246.80M
Accrued Expenses	—	—	—	—	—
Current Income Taxes Payable	46.61M	28.89M	20.96M	49.75M	38.43M
Current Unearned Revenue	—	—	—	—	—
Long-Term Unearned Revenue	—	—	—	—	—
Other Current Liabilities	26.41M	121.03M	123.15M	102.75M	99.88M
Long-Term Deferred Tax Liabilities	8.08M	9.69M	9.90M	12.34M	12.38M
Other Long-Term Liabilities	2.56M	2.73M	2.82M	2.82M	1.67M
Debt & Funding
Long-Term Debt	437.05M	397.19M	318.45M	368.95M	369.99M
Short-Term Debt	—	—	—	—	—
Total Debt	712.37M	621.86M	569.57M	587.51M	589.55M
Current Portion of Long-Term Debt	243.02M	193.88M	244.31M	212.00M	213.04M
Equity & Book Value
Shareholders' Equity	577.36M	524.74M	500.52M	503.69M	446.18M
Total Common Equity	473.91M	401.98M	373.89M	378.48M	314.72M
Common Stock	295.81M	295.81M	295.81M	281.72M	281.72M
Additional Paid-In Capital	—	—	—	—	—
Retained Earnings	394.85M	714.38M	694.45M	731.93M	668.69M
Treasury Stock	-6.59M	-3.55M	-8.56M	-7.79M	-7.88M
Comprehensive Income & Other	-210.15M	-604.65M	-607.81M	-627.38M	-627.81M
Minority Interest	103.45M	122.76M	126.63M	125.21M	131.46M
Book Value Per Share	0.40	0.34	0.32	0.32	0.27
Tangible Book Value	417.18M	360.29M	333.24M	336.82M	273.09M
Tangible Book Value Per Share	0.36	0.31	0.28	0.29	0.23
Filing Date Shares Outstanding	1.17B	1.17B	1.17B	1.17B	1.18B
Total Common Shares Outstanding	1.17B	1.17B	1.17B	1.17B	1.18B
Working Capital	510.29M	412.96M	303.99M	323.16M	249.39M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

USD KWD

Quarterly (KWD)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Assets
Cash & Equivalents	140.33M	91.26M	79.71M	101.40M	84.58M
Cash & Short-Term Investments	216.97M	154.32M	138.06M	183.24M	163.74M
Receivables	48.46M	53.46M	48.31M	47.89M	43.17M
Inventory	35.62M	40.32M	37.66M	39.29M	37.95M
Current Assets	322.01M	311.52M	282.29M	292.75M	261.44M
PP&E	125.00M	137.30M	126.91M	131.75M	128.66M
Goodwill	12.60M	12.60M	12.52M	12.84M	12.82M
Intangible Assets	4.87M	0.25M	—	—	—
Total Assets	490.22M	481.32M	446.32M	468.43M	442.03M
Liabilities
Accounts Payable	67.13M	78.08M	68.36M	80.62M	76.03M
Current Liabilities	164.81M	184.30M	188.65M	193.19M	184.62M
Long-Term Debt	134.64M	122.36M	98.10M	113.66M	113.98M
Short-Term Debt	—	—	—	—	—
Total Debt	219.45M	191.57M	175.46M	180.99M	181.62M
Total Liabilities	312.36M	319.67M	292.13M	313.26M	304.58M
Equity & Ownership
Retained Earnings	121.64M	220.07M	213.93M	225.48M	206.00M
Total Equity	177.86M	161.65M	154.19M	155.17M	137.45M
Net Debt	2.48M	37.25M	37.40M	-2.25M	17.88M
Shares Outstanding	1,174,453,759	1,172,804,415	1,173,983,068	1,173,827,392	1,178,310,152
Cash & Assets
Total Assets	1.59B	1.56B	1.45B	1.52B	1.43B
Total Current Assets	1.05B	1.01B	0.92B	0.95B	0.85B
Cash & Equivalents	455.52M	296.22M	258.76M	329.14M	274.54M
Cash & Short-Term Investments	704.32M	500.94M	448.16M	594.83M	531.51M
Net Cash (Debt)	-8.05M	-120.93M	-121.41M	7.32M	-58.04M
Net Cash Per Share	-0.01	-0.10	-0.10	0.01	-0.05
Cash Growth	+32.5%	-6.7%	-17.7%	-3.0%	-22.4%
Net Cash Growth	—	—	—	-79.8%	—
Accounts Receivable	139.14M	173.55M	156.83M	155.44M	126.12M
Other Receivables	18.17M	—	—	—	13.92M
Receivables	157.31M	173.55M	156.83M	155.44M	140.15M
Inventory	115.64M	130.87M	122.24M	127.54M	123.20M
Prepaid Expenses	19.03M	—	—	—	15.49M
Construction In Progress	41.29M	47.30M	86.34M	82.57M	79.71M
Land	15.69M	15.67M	15.47M	18.17M	18.13M
Buildings	75.16M	82.65M	56.53M	56.79M	56.75M
Machinery	469.45M	469.13M	434.13M	441.02M	425.59M
Leasehold Improvements	1.71M	2.19M	2.13M	2.13M	2.15M
Property, Plant & Equipment	405.75M	445.69M	411.96M	427.68M	417.64M
Goodwill	40.91M	40.89M	40.65M	41.67M	41.63M
Other Intangible Assets	15.81M	0.81M	—	—	—
Other Current Assets	49.00M	205.88M	189.12M	72.48M	38.34M
Other Long-Term Assets	—	—	—	343.28K	343.85K
Long-Term Accounts Receivable	11.23M	—	—	—	5.97M
Long-Term Leases	31.27M	29.79M	4.75M	5.64M	5.38M
Current Portion of Leases	1.03M	1.00M	2.05M	0.92M	1.14M
Long-Term Deferred Charges	—	—	—	—	—
Loans & Investments
Trading Asset Securities	0.02M	1.53M	3.08M	6.87M	5.20M
Short-Term Investments	248.77M	203.18M	186.31M	258.81M	251.76M
Long-Term Investments	72.31M	57.86M	74.10M	94.53M	120.62M
Liabilities & Obligations
Total Liabilities	1.01B	1.04B	0.95B	1.02B	0.99B
Total Liabilities & Equity	1.59B	1.56B	1.45B	1.52B	1.43B
Total Current Liabilities	534.99M	598.27M	612.37M	627.13M	599.29M
Accounts Payable	217.93M	253.47M	221.89M	261.71M	246.80M
Accrued Expenses	—	—	—	—	—
Current Income Taxes Payable	46.61M	28.89M	20.96M	49.75M	38.43M
Current Unearned Revenue	—	—	—	—	—
Long-Term Unearned Revenue	—	—	—	—	—
Other Current Liabilities	26.41M	121.03M	123.15M	102.75M	99.88M
Long-Term Deferred Tax Liabilities	8.08M	9.69M	9.90M	12.34M	12.38M
Other Long-Term Liabilities	2.56M	2.73M	2.82M	2.82M	1.67M
Debt & Funding
Long-Term Debt	437.05M	397.19M	318.45M	368.95M	369.99M
Short-Term Debt	—	—	—	—	—
Total Debt	712.37M	621.86M	569.57M	587.51M	589.55M
Current Portion of Long-Term Debt	243.02M	193.88M	244.31M	212.00M	213.04M
Equity & Book Value
Shareholders' Equity	577.36M	524.74M	500.52M	503.69M	446.18M
Total Common Equity	473.91M	401.98M	373.89M	378.48M	314.72M
Common Stock	295.81M	295.81M	295.81M	281.72M	281.72M
Additional Paid-In Capital	—	—	—	—	—
Retained Earnings	394.85M	714.38M	694.45M	731.93M	668.69M
Treasury Stock	-6.59M	-3.55M	-8.56M	-7.79M	-7.88M
Comprehensive Income & Other	-210.15M	-604.65M	-607.81M	-627.38M	-627.81M
Minority Interest	103.45M	122.76M	126.63M	125.21M	131.46M
Book Value Per Share	0.40	0.34	0.32	0.32	0.27
Tangible Book Value	417.18M	360.29M	333.24M	336.82M	273.09M
Tangible Book Value Per Share	0.36	0.31	0.28	0.29	0.23
Filing Date Shares Outstanding	1.17B	1.17B	1.17B	1.17B	1.18B
Total Common Shares Outstanding	1.17B	1.17B	1.17B	1.17B	1.18B
Working Capital	510.29M	412.96M	303.99M	323.16M	249.39M