KWSE:ARABREC Balance Sheet

Financials in millions KWD. Fiscal year is January - December.

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	0.73	0.55	2.04	1.72	0.97	0.8
Cash & Short-Term Investments	0.73	0.55	2.04	1.72	0.97	0.8
Cash Growth	234.15%	-72.92%	18.33%	76.92%	21.91%	7.29%
Accounts Receivable	3.73	1.68	1.61	1.66	1.22	1.29
Other Receivables	-	2.2	1.66	-	0.27	7.56
Receivables	3.73	3.88	3.27	1.66	1.49	8.85
Prepaid Expenses	-	0.04	0.07	-	0.06	0.06
Other Current Assets	-	0.69	0.74	-	1.57	0.68
Total Current Assets	4.46	5.16	6.12	3.38	4.1	10.4
Property, Plant & Equipment	13.47	13.87	14.32	14.74	15.19	15.91
Long-Term Investments	4.6	3.74	3.31	3.75	3.37	4.2
Other Long-Term Assets	88.62	85.88	99.62	116.37	112.87	123.48
Total Assets	111.16	108.65	123.37	138.24	135.52	153.99
Accounts Payable	2.7	0.71	0.66	0.47	0.86	0.81
Accrued Expenses	-	0.7	0.81	1.22	1.28	1.44
Short-Term Debt	-	-	0.24	0.42	1.01	10.75
Current Portion of Long-Term Debt	4.3	6.01	81.49	38.69	36.01	75.72
Current Portion of Leases	-	0.26	0.29	0.36	0.39	0.47
Current Income Taxes Payable	-	0.13	0.21	0.16	0.08	0.16
Current Unearned Revenue	-	0.16	0.42	2.16	-	-
Other Current Liabilities	-	1.14	1.8	3.95	4.73	4.98
Total Current Liabilities	7	9.1	85.91	47.44	44.35	94.34
Long-Term Debt	60.87	59.56	-	53.54	56.15	6.69
Pension & Post-Retirement Benefits	0.31	0.31	0.32	0.33	0.29	0.32
Total Liabilities	68.18	68.97	86.23	101.31	100.79	101.35
Common Stock	38.6	37.66	36.92	50.98	50.98	50.98
Additional Paid-In Capital	-	0.71	1.04	1.43	1.43	1.43
Retained Earnings	0.4	2.53	2.77	-14.39	-16.45	2.35
Treasury Stock	-	-0.48	-0.83	-0.71	-0.71	-0.71
Comprehensive Income & Other	3.98	-0.75	-2.77	-0.37	-0.51	-1.4
Shareholders' Equity	42.98	39.68	37.13	36.93	34.73	52.64
Total Liabilities & Equity	111.16	108.65	123.37	138.24	135.52	153.99
Total Debt	65.17	65.83	82.01	93.01	93.55	93.64
Net Cash (Debt)	-64.44	-65.27	-79.97	-91.29	-92.58	-92.84
Net Cash Per Share	-0.17	-0.17	-0.21	-0.24	-0.24	-0.24
Filing Date Shares Outstanding	386.01	380.2	379.08	382.51	382.51	382.51
Total Common Shares Outstanding	386.01	380.2	379.08	382.51	382.51	382.51
Working Capital	-2.53	-3.94	-79.8	-44.05	-40.25	-83.94
Book Value Per Share	0.11	0.10	0.10	0.10	0.09	0.14
Tangible Book Value	42.98	39.68	37.13	36.93	34.73	52.64
Tangible Book Value Per Share	0.11	0.10	0.10	0.10	0.09	0.14
Land	-	2.64	2.64	2.64	2.64	2.64
Buildings	-	28.99	28.99	28.99	28.99	28.99
Machinery	-	3.11	2.92	2.58	2.34	2.34

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.