MOBILE TELECOMMUNICATIONS COMPANY

Mobile Telecommunications Company K.S.C.P

ZAINStocksBoursa KuwaitTelecommunications

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	622.11M	458.28M	547.63M	490.82M	411.49M
Free Cash Flow	399.21M	282.52M	332.93M	308.06M	195.23M
Capital Expenditures	-222.89M	-175.77M	-214.70M	-182.77M	-216.26M
Investing & Financing
Investing Cash Flow	-291.37M	-255.82M	-39.44M	-264.90M	-341.47M
Financing Cash Flow	-248.81M	-288.38M	-393.60M	-224.04M	-178.66M
Dividends Paid	-258.89M	-160.59M	-151.47M	-141.87M	-185.51M
Operating Activities
Operating Cash Flow	622.11M	458.28M	547.63M	490.82M	411.49M
Net Income	238.53M	117.27M	215.47M	195.97M	185.75M
Change in Accounts Payable	42.82M	-33.84M	-2.91M	-83.29M	-87.26M
Change in Accounts Receivable	-199.65M	-207.00M	-141.20M	-114.10M	-94.54M
Change in Inventory	20.03M	-22.75M	-7.57M	11.27M	-10.08M
Change in Other Net Operating Assets	6.38M	-2.91M	-4.75M	-8.18M	—
Change in Working Capital	-130.42M	-266.50M	-156.43M	-194.30M	-191.88M
Other Operating Activities	147.73M	157.55M	196.99M	104.29M	83.24M
Depreciation & Amortization	348.76M	394.11M	331.92M	335.29M	356.26M
Cash Interest Paid	104.43M	107.49M	104.19M	53.34M	45.12M
Cash Income Tax Paid	13.57M	12.81M	7.47M	11.34M	18.64M
Loss (Gain) on Equity Investments	-30.35M	-2.74M	-1.17M	-3.61M	-3.38M
Asset Writedown & Restructuring Costs	5.12M	9.86M	13.48M	21.20M	—
Investing Activities
Investing Cash Flow	-291.37M	-255.82M	-39.44M	-264.90M	-341.47M
Capital Expenditures	-222.89M	-175.77M	-214.70M	-182.77M	-216.26M
Cash Acquisitions	-9.20M	-46.95M	-10.94M	—	-8.76M
Investment in Securities	-27.70M	-11.25M	62.52M	-8.34M	7.91M
Other Investing Activities	4.74M	9.60M	203.02M	3.63M	5.53M
Sale (Purchase) of Intangibles	-50.83M	-37.39M	-79.33M	-77.42M	-129.88M
Sale of Property, Plant & Equipment	14.51M	5.94M	—	—	—
Loss (Gain) From Sale of Assets	-1.20M	-2.43M	-85.91M	-0.27M	-1.49M
Loss (Gain) on Sale of Investments	43.94M	50.45M	33.29M	32.25M	-2.61M
Financing Activities
Financing Cash Flow	-248.81M	-288.38M	-393.60M	-224.04M	-178.66M
Common Dividends Paid	-258.89M	-160.59M	-151.47M	-141.87M	-185.51M
Long-Term Debt Issued	848.27M	437.43M	142.86M	458.54M	452.37M
Long-Term Debt Repaid	-690.71M	-433.43M	-256.04M	-485.15M	-395.92M
Net Debt Issued (Repaid)	157.55M	4.00M	-113.18M	-26.61M	56.45M
Other Financing Activities	-147.47M	-131.79M	-128.95M	-55.56M	-49.60M
Free Cash Flow & Returns
Free Cash Flow	399.21M	282.52M	332.93M	308.06M	195.23M
Free Cash Flow Growth	+41.3%	-15.1%	+8.1%	+57.8%	-43.5%
Free Cash Flow Margin	+17.5%	+14.1%	+17.4%	+17.8%	+12.9%
Free Cash Flow Per Share	0.09	0.07	0.08	0.07	0.05
Levered Free Cash Flow	265.07M	205.57M	399.06M	-9.86M	-3.60M
Unlevered Free Cash Flow	342.47M	281.80M	476.81M	44.83M	37.82M
Operating Cash Flow Growth	+35.7%	-16.3%	+11.6%	+19.3%	-33.5%
Net Cash Flow	78.58M	-118.81M	86.27M	-3.54M	-133.85M
Foreign Exchange Rate Adjustments	-3.34M	-32.89M	-28.32M	-5.42M	-25.21M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	622.11M	458.28M	547.63M	490.82M	411.49M
Free Cash Flow	399.21M	282.52M	332.93M	308.06M	195.23M
Capital Expenditures	-222.89M	-175.77M	-214.70M	-182.77M	-216.26M
Investing & Financing
Investing Cash Flow	-291.37M	-255.82M	-39.44M	-264.90M	-341.47M
Financing Cash Flow	-248.81M	-288.38M	-393.60M	-224.04M	-178.66M
Dividends Paid	-258.89M	-160.59M	-151.47M	-141.87M	-185.51M
Operating Activities
Operating Cash Flow	622.11M	458.28M	547.63M	490.82M	411.49M
Net Income	238.53M	117.27M	215.47M	195.97M	185.75M
Change in Accounts Payable	42.82M	-33.84M	-2.91M	-83.29M	-87.26M
Change in Accounts Receivable	-199.65M	-207.00M	-141.20M	-114.10M	-94.54M
Change in Inventory	20.03M	-22.75M	-7.57M	11.27M	-10.08M
Change in Other Net Operating Assets	6.38M	-2.91M	-4.75M	-8.18M	—
Change in Working Capital	-130.42M	-266.50M	-156.43M	-194.30M	-191.88M
Other Operating Activities	147.73M	157.55M	196.99M	104.29M	83.24M
Depreciation & Amortization	348.76M	394.11M	331.92M	335.29M	356.26M
Cash Interest Paid	104.43M	107.49M	104.19M	53.34M	45.12M
Cash Income Tax Paid	13.57M	12.81M	7.47M	11.34M	18.64M
Loss (Gain) on Equity Investments	-30.35M	-2.74M	-1.17M	-3.61M	-3.38M
Asset Writedown & Restructuring Costs	5.12M	9.86M	13.48M	21.20M	—
Investing Activities
Investing Cash Flow	-291.37M	-255.82M	-39.44M	-264.90M	-341.47M
Capital Expenditures	-222.89M	-175.77M	-214.70M	-182.77M	-216.26M
Cash Acquisitions	-9.20M	-46.95M	-10.94M	—	-8.76M
Investment in Securities	-27.70M	-11.25M	62.52M	-8.34M	7.91M
Other Investing Activities	4.74M	9.60M	203.02M	3.63M	5.53M
Sale (Purchase) of Intangibles	-50.83M	-37.39M	-79.33M	-77.42M	-129.88M
Sale of Property, Plant & Equipment	14.51M	5.94M	—	—	—
Loss (Gain) From Sale of Assets	-1.20M	-2.43M	-85.91M	-0.27M	-1.49M
Loss (Gain) on Sale of Investments	43.94M	50.45M	33.29M	32.25M	-2.61M
Financing Activities
Financing Cash Flow	-248.81M	-288.38M	-393.60M	-224.04M	-178.66M
Common Dividends Paid	-258.89M	-160.59M	-151.47M	-141.87M	-185.51M
Long-Term Debt Issued	848.27M	437.43M	142.86M	458.54M	452.37M
Long-Term Debt Repaid	-690.71M	-433.43M	-256.04M	-485.15M	-395.92M
Net Debt Issued (Repaid)	157.55M	4.00M	-113.18M	-26.61M	56.45M
Other Financing Activities	-147.47M	-131.79M	-128.95M	-55.56M	-49.60M
Free Cash Flow & Returns
Free Cash Flow	399.21M	282.52M	332.93M	308.06M	195.23M
Free Cash Flow Growth	+41.3%	-15.1%	+8.1%	+57.8%	-43.5%
Free Cash Flow Margin	+17.5%	+14.1%	+17.4%	+17.8%	+12.9%
Free Cash Flow Per Share	0.09	0.07	0.08	0.07	0.05
Levered Free Cash Flow	265.07M	205.57M	399.06M	-9.86M	-3.60M
Unlevered Free Cash Flow	342.47M	281.80M	476.81M	44.83M	37.82M
Operating Cash Flow Growth	+35.7%	-16.3%	+11.6%	+19.3%	-33.5%
Net Cash Flow	78.58M	-118.81M	86.27M	-3.54M	-133.85M
Foreign Exchange Rate Adjustments	-3.34M	-32.89M	-28.32M	-5.42M	-25.21M