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
Operations
Operating Cash Flow	23.08M	-8.04M	—	14.89M	23.57M
Free Cash Flow	17.46M	-12.75M	—	13.50M	18.44M
Capital Expenditures	-5.62M	-4.72M	—	-1.40M	-5.12M
Investing & Financing
Investing Cash Flow	4.05M	5.82M	—	2.08M	-2.14M
Financing Cash Flow	24.56M	12.27M	—	-9.04M	-14.84M
Dividends Paid	—	—	—	-4.93M	-7.91M
Share Repurchase	-1.18M	-0.72M	—	-0.13M	-1.18M
Operating Activities
Operating Cash Flow	74.78M	-26.05M	—	48.26M	76.37M
Net Income	35.59M	20.61M	—	34.07M	26.98M
Change in Accounts Payable	-16.31M	21.58M	—	31.17M	-5.51M
Change in Accounts Receivable	22.26M	-17.03M	—	-29.94M	4.83M
Change in Inventory	13.87M	-8.32M	—	-3.79M	2.88M
Change in Other Net Operating Assets	-11.81M	-24.24M	—	-2.63M	1.27M
Change in Working Capital	10.80M	-26.35M	—	-6.70M	3.70M
Other Operating Activities	58.45M	-30.89M	—	16.64M	73.35M
Provision & Write-off of Bad Debts	-32.42M	0.00M	—	-0.08M	-0.39M
Depreciation & Amortization	10.73M	12.36M	—	12.98M	13.17M
Other Amortization	—	—	—	—	—
Cash Interest Paid	—	—	—	—	—
Cash Income Tax Paid	3.88M	5.29M	—	1.17M	5.78M
Miscellaneous Cash Flow Adjustments	-9.64M	—	—	—	—
Loss (Gain) on Equity Investments	-542.50K	-586.80K	—	-559.25K	33.23K
Asset Writedown & Restructuring Costs	—	-0.32M	—	-0.08M	-0.18M
Investing Activities
Investing Cash Flow	13.13M	18.86M	—	6.73M	-6.94M
Capital Expenditures	-18.21M	-15.28M	—	-4.53M	-16.60M
Divestitures	72.39M	—	—	—	—
Investment in Securities	-43.88M	29.11M	—	5.23M	7.48M
Other Investing Activities	2.99M	4.74M	—	5.62M	2.26M
Sale of Property, Plant & Equipment	-166.84K	282.58K	—	404.52K	-70.09K
Loss (Gain) From Sale of Assets	-17.83M	-0.02M	—	-2.71M	-0.70M
Loss (Gain) on Sale of Investments	26.86M	-0.85M	—	-5.29M	-0.25M
Financing Activities
Financing Cash Flow	79.58M	39.76M	—	-29.31M	-48.08M
Common Dividends Paid	—	—	—	-15.99M	-25.63M
Issuance of Common Stock	0.66M	6.66M	—	0.45M	—
Repurchase of Common Stock	-3.81M	-2.33M	—	-0.42M	-3.84M
Long-Term Debt Issued	—	—	—	149.64M	—
Total Debt Issued	-19.92M	528.49M	—	149.64M	79.26M
Long-Term Debt Repaid	—	—	—	-162.26M	—
Total Debt Repaid	103.91M	-493.10M	—	-162.26M	-124.18M
Net Debt Issued (Repaid)	83.99M	35.39M	—	-12.63M	-44.92M
Other Financing Activities	-1.26M	0.04M	—	-0.72M	26.30M
Free Cash Flow & Returns
Free Cash Flow	56.57M	-41.33M	—	43.73M	59.76M
Free Cash Flow Growth	-5.3%	—	—	-55.8%	-73.4%
Free Cash Flow Margin	+34.0%	-24.1%	—	+26.1%	+41.2%
Free Cash Flow Per Share	0.05	-0.04	—	0.04	0.05
Levered Free Cash Flow	76.79M	10.05M	—	47.16M	27.05M
Unlevered Free Cash Flow	87.07M	19.82M	—	55.95M	37.00M
Operating Cash Flow Growth	-2.1%	—	—	-56.4%	-73.4%
Net Cash Flow	158.28M	36.16M	—	26.18M	16.14M
Foreign Exchange Rate Adjustments	0.42M	3.59M	—	0.50M	-5.20M

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
Operations
Operating Cash Flow	23.08M	-8.04M	—	14.89M	23.57M
Free Cash Flow	17.46M	-12.75M	—	13.50M	18.44M
Capital Expenditures	-5.62M	-4.72M	—	-1.40M	-5.12M
Investing & Financing
Investing Cash Flow	4.05M	5.82M	—	2.08M	-2.14M
Financing Cash Flow	24.56M	12.27M	—	-9.04M	-14.84M
Dividends Paid	—	—	—	-4.93M	-7.91M
Share Repurchase	-1.18M	-0.72M	—	-0.13M	-1.18M
Operating Activities
Operating Cash Flow	74.78M	-26.05M	—	48.26M	76.37M
Net Income	35.59M	20.61M	—	34.07M	26.98M
Change in Accounts Payable	-16.31M	21.58M	—	31.17M	-5.51M
Change in Accounts Receivable	22.26M	-17.03M	—	-29.94M	4.83M
Change in Inventory	13.87M	-8.32M	—	-3.79M	2.88M
Change in Other Net Operating Assets	-11.81M	-24.24M	—	-2.63M	1.27M
Change in Working Capital	10.80M	-26.35M	—	-6.70M	3.70M
Other Operating Activities	58.45M	-30.89M	—	16.64M	73.35M
Provision & Write-off of Bad Debts	-32.42M	0.00M	—	-0.08M	-0.39M
Depreciation & Amortization	10.73M	12.36M	—	12.98M	13.17M
Other Amortization	—	—	—	—	—
Cash Interest Paid	—	—	—	—	—
Cash Income Tax Paid	3.88M	5.29M	—	1.17M	5.78M
Miscellaneous Cash Flow Adjustments	-9.64M	—	—	—	—
Loss (Gain) on Equity Investments	-542.50K	-586.80K	—	-559.25K	33.23K
Asset Writedown & Restructuring Costs	—	-0.32M	—	-0.08M	-0.18M
Investing Activities
Investing Cash Flow	13.13M	18.86M	—	6.73M	-6.94M
Capital Expenditures	-18.21M	-15.28M	—	-4.53M	-16.60M
Divestitures	72.39M	—	—	—	—
Investment in Securities	-43.88M	29.11M	—	5.23M	7.48M
Other Investing Activities	2.99M	4.74M	—	5.62M	2.26M
Sale of Property, Plant & Equipment	-166.84K	282.58K	—	404.52K	-70.09K
Loss (Gain) From Sale of Assets	-17.83M	-0.02M	—	-2.71M	-0.70M
Loss (Gain) on Sale of Investments	26.86M	-0.85M	—	-5.29M	-0.25M
Financing Activities
Financing Cash Flow	79.58M	39.76M	—	-29.31M	-48.08M
Common Dividends Paid	—	—	—	-15.99M	-25.63M
Issuance of Common Stock	0.66M	6.66M	—	0.45M	—
Repurchase of Common Stock	-3.81M	-2.33M	—	-0.42M	-3.84M
Long-Term Debt Issued	—	—	—	149.64M	—
Total Debt Issued	-19.92M	528.49M	—	149.64M	79.26M
Long-Term Debt Repaid	—	—	—	-162.26M	—
Total Debt Repaid	103.91M	-493.10M	—	-162.26M	-124.18M
Net Debt Issued (Repaid)	83.99M	35.39M	—	-12.63M	-44.92M
Other Financing Activities	-1.26M	0.04M	—	-0.72M	26.30M
Free Cash Flow & Returns
Free Cash Flow	56.57M	-41.33M	—	43.73M	59.76M
Free Cash Flow Growth	-5.3%	—	—	-55.8%	-73.4%
Free Cash Flow Margin	+34.0%	-24.1%	—	+26.1%	+41.2%
Free Cash Flow Per Share	0.05	-0.04	—	0.04	0.05
Levered Free Cash Flow	76.79M	10.05M	—	47.16M	27.05M
Unlevered Free Cash Flow	87.07M	19.82M	—	55.95M	37.00M
Operating Cash Flow Growth	-2.1%	—	—	-56.4%	-73.4%
Net Cash Flow	158.28M	36.16M	—	26.18M	16.14M
Foreign Exchange Rate Adjustments	0.42M	3.59M	—	0.50M	-5.20M