Financials

1-5

	CurrentMar 10, 2026	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025
Market & Price
Market Capitalization	43.82M	42.60M	42.60M	43.33M	36.76M
Market Cap Growth	+24.1%	+13.6%	+6.7%	+28.1%	+7.9%
Enterprise Value	48.98M	36.29M	43.67M	53.03M	47.67M
Last Close Price	0.18	0.16	0.16	0.16	0.14
Valuation Multiples
PE Ratio	11.38	11.06	9.40	9.48	7.36
PS Ratio	1.71	1.66	1.60	1.58	1.32
PB Ratio	0.83	0.81	0.78	0.82	0.73
P/TBV Ratio	0.83	0.81	0.78	0.82	0.73
P/FCF Ratio	16.38	15.92	52.34	—	—
P/OCF Ratio	15.56	15.13	45.09	—	—
EV/Sales Ratio	1.91	1.41	1.64	1.93	1.71
EV/EBITDA Ratio	12.23	9.06	9.47	11.53	9.68
EV/EBIT Ratio	13.04	9.66	10.00	12.19	10.21
EV/FCF Ratio	18.31	13.57	53.65	—	—
Leverage & Capital
Debt / Equity Ratio	0.26	0.26	0.04	0.22	0.35
Debt / EBITDA Ratio	3.39	2.39	0.52	2.98	6.60
Debt / FCF Ratio	5.08	5.08	2.46	—	—
Net Debt / Equity Ratio	0.10	0.10	-0.12	0.02	0.19
Net Debt / EBITDA Ratio	1.27	1.27	-1.37	0.23	1.97
Net Debt / FCF Ratio	1.91	1.91	-7.77	-0.55	0.82
Efficiency & Liquidity
Asset Turnover	0.24	0.22	0.22	0.22	0.30
Quick Ratio	—	—	13.85	—	86.76
Current Ratio	—	—	19.58	—	131.50
Returns & Yields
Return on Equity (ROE)	+10.4%	+6.7%	+7.0%	+5.4%	+18.2%
Return on Assets (ROA)	+2.9%	+2.0%	+2.0%	+1.3%	+4.5%
Return on Invested Capital (ROIC)	+2.2%	+1.5%	+1.3%	+0.9%	+3.5%
Earnings Yield	+8.8%	+9.0%	+10.6%	+10.5%	+13.6%
FCF Yield	+6.1%	+6.3%	+1.9%	-4.4%	+32.3%
Dividend Yield	+8.3%	—	+9.4%	—	—
Payout Ratio	+75.6%	+0.1%	+9.8%	—	+424.8%
Buyback Yield / Dilution	-0.3%	—	-0.1%	-0.1%	-1.7%
Total Shareholder Return	+8.0%	—	+9.3%	-0.1%	-1.7%

WARBA INSURANCE COMPANY (K.S.C.P)

Warba Insurance and Reinsurance Company

WINSREStocksBoursa KuwaitInsuranceMarket closed

KWD 0.17

Official close

-3.3%

Price as of June 28, 2026 · Market close

Prices may be delayed by up to 30 minutes.

1-5

	CurrentMar 10, 2026	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025
Market & Price
Market Capitalization	43.82M	42.60M	42.60M	43.33M	36.76M
Market Cap Growth	+24.1%	+13.6%	+6.7%	+28.1%	+7.9%
Enterprise Value	48.98M	36.29M	43.67M	53.03M	47.67M
Last Close Price	0.18	0.16	0.16	0.16	0.14
Valuation Multiples
PE Ratio	11.38	11.06	9.40	9.48	7.36
PS Ratio	1.71	1.66	1.60	1.58	1.32
PB Ratio	0.83	0.81	0.78	0.82	0.73
P/TBV Ratio	0.83	0.81	0.78	0.82	0.73
P/FCF Ratio	16.38	15.92	52.34	—	—
P/OCF Ratio	15.56	15.13	45.09	—	—
EV/Sales Ratio	1.91	1.41	1.64	1.93	1.71
EV/EBITDA Ratio	12.23	9.06	9.47	11.53	9.68
EV/EBIT Ratio	13.04	9.66	10.00	12.19	10.21
EV/FCF Ratio	18.31	13.57	53.65	—	—
Leverage & Capital
Debt / Equity Ratio	0.26	0.26	0.04	0.22	0.35
Debt / EBITDA Ratio	3.39	2.39	0.52	2.98	6.60
Debt / FCF Ratio	5.08	5.08	2.46	—	—
Net Debt / Equity Ratio	0.10	0.10	-0.12	0.02	0.19
Net Debt / EBITDA Ratio	1.27	1.27	-1.37	0.23	1.97
Net Debt / FCF Ratio	1.91	1.91	-7.77	-0.55	0.82
Efficiency & Liquidity
Asset Turnover	0.24	0.22	0.22	0.22	0.30
Quick Ratio	—	—	13.85	—	86.76
Current Ratio	—	—	19.58	—	131.50
Returns & Yields
Return on Equity (ROE)	+10.4%	+6.7%	+7.0%	+5.4%	+18.2%
Return on Assets (ROA)	+2.9%	+2.0%	+2.0%	+1.3%	+4.5%
Return on Invested Capital (ROIC)	+2.2%	+1.5%	+1.3%	+0.9%	+3.5%
Earnings Yield	+8.8%	+9.0%	+10.6%	+10.5%	+13.6%
FCF Yield	+6.1%	+6.3%	+1.9%	-4.4%	+32.3%
Dividend Yield	+8.3%	—	+9.4%	—	—
Payout Ratio	+75.6%	+0.1%	+9.8%	—	+424.8%
Buyback Yield / Dilution	-0.3%	—	-0.1%	-0.1%	-1.7%
Total Shareholder Return	+8.0%	—	+9.3%	-0.1%	-1.7%