KWSE:AREEC Balance Sheet

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

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property, Plant & Equipment	91.6	91.65	91.95	91.87	91.17	83.45
Cash & Equivalents	4.14	4.85	3.1	3.03	3.71	1.88
Accounts Receivable	0.32	0.24	0.28	0.25	0.18	0.76
Other Current Assets	0.03	0.05	0.07	0.09	0.01	0.56
Trading Asset Securities	1.32	0.98	1.05	0.52	0.42	1.84
Other Long-Term Assets	79.09	79.64	78.43	76.84	75.7	74.31
Total Assets	176.51	177.41	174.88	172.62	171.2	162.81
Current Portion of Long-Term Debt	-	-	-	1.5	0.75	-
Long-Term Debt	30	30	30	30.25	31.75	27.8
Long-Term Leases	-	-	-	-	-	0.45
Accounts Payable	2.8	0.9	1.04	1.23	2.62	3.25
Accrued Expenses	-	0.84	0.57	0.51	0.34	0.16
Current Unearned Revenue	-	0.38	0.36	0.32	0.29	-
Other Current Liabilities	-	0.93	0.77	0.65	0.56	0.12
Other Long-Term Liabilities	1.03	1.02	1.01	1	0.71	0.15
Total Liabilities	34.48	34.71	34.3	35.93	38.05	32.78
Common Stock	21.03	21.03	21.03	20.42	19.45	19.45
Additional Paid-In Capital	5.2	5.2	5.2	5.2	5.2	5.2
Retained Earnings	70	70.62	68.5	65.23	62.7	59.66
Treasury Stock	-0.32	-0.32	-0.32	-0.32	-0.32	-0.32
Comprehensive Income & Other	46.11	46.17	46.17	46.16	46.12	46.03
Shareholders' Equity	142.03	142.7	140.58	136.69	133.15	130.03
Total Liabilities & Equity	176.51	177.41	174.88	172.62	171.2	162.81
Total Debt	30	30	30	31.75	33.1	28.76
Net Cash (Debt)	-24.54	-24.17	-25.85	-28.2	-28.97	-25.04
Net Cash (Debt) Growth	-	-	-	-	-	-
Net Cash Per Share	-0.12	-0.12	-0.12	-0.13	-0.14	-0.12
Filing Date Shares Outstanding	209.19	209.19	209.19	209.19	209.19	209.19
Total Common Shares Outstanding	209.19	209.19	209.19	209.19	209.19	209.19
Book Value Per Share	0.68	0.68	0.67	0.65	0.64	0.62
Tangible Book Value	142.03	142.7	140.58	136.69	133.15	130.03
Tangible Book Value Per Share	0.68	0.68	0.67	0.65	0.64	0.62