KWSE:ARGAN Balance Sheet

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

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Cash & Equivalents	1.4	1.52	2.43	2.76	2.12
Cash & Short-Term Investments	1.4	1.52	2.43	2.76	2.12
Cash Growth	-7.75%	-37.30%	-12.01%	29.98%	-3.89%
Accounts Receivable	25.04	26.9	22.9	21.75	22.66
Receivables	25.04	26.9	22.9	21.75	22.66
Inventory	12.36	13.56	14.16	14.62	14.81
Total Current Assets	38.81	41.98	39.49	39.13	39.59
Property, Plant & Equipment	84.02	59.72	60.83	108.97	96.48
Long-Term Investments	58.43	51.76	46.65	29	30.26
Other Intangible Assets	0	0.01	0.01	0.01	0.01
Long-Term Accounts Receivable	1	2	3	4	5
Other Long-Term Assets	75.44	105.45	104.87	55.99	58.58
Total Assets	257.7	260.91	254.85	237.11	229.93
Accounts Payable	6.44	8.39	4.9	2.72	2.64
Accrued Expenses	8.77	8.56	8.22	5.28	5.23
Short-Term Debt	4.79	2.91	5.55	5.09	4.06
Current Portion of Long-Term Debt	1.9	2.27	5.3	10.91	7.03
Current Portion of Leases	3.26	3.26	3.48	3.26	3.1
Current Income Taxes Payable	0.49	0.51	0.53	0.23	0.19
Current Unearned Revenue	5.32	4.11	4.69	4.19	1.94
Other Current Liabilities	4.68	3.55	2.24	2.27	2.73
Total Current Liabilities	35.63	33.56	34.91	33.96	26.92
Long-Term Debt	81.02	82.09	79.14	67.42	67.11
Long-Term Leases	51.69	52.21	52.47	53.15	53.59
Pension & Post-Retirement Benefits	3.1	2.93	3.18	3.1	2.99
Other Long-Term Liabilities	11.78	10.2	-	-	-
Total Liabilities	183.22	180.99	169.7	157.64	150.61
Common Stock	29.15	26.5	26.5	26.5	26.5
Additional Paid-In Capital	15.81	15.81	15.81	15.81	15.81
Retained Earnings	28.17	35.76	44.14	37.91	37.95
Treasury Stock	-	-	-3.59	-3.59	-3.58
Comprehensive Income & Other	0.8	1.27	1.61	2.01	0.66
Total Common Equity	73.94	79.34	84.46	78.64	77.34
Minority Interest	0.55	0.59	0.69	0.83	1.98
Shareholders' Equity	74.49	79.93	85.15	79.47	79.32
Total Liabilities & Equity	257.7	260.91	254.85	237.11	229.93
Total Debt	142.65	142.74	145.94	139.83	134.89
Net Cash (Debt)	-141.25	-141.22	-143.51	-137.08	-132.77
Net Cash Per Share	-0.48	-0.49	-0.51	-0.49	-0.47
Filing Date Shares Outstanding	291.5	291.5	280.51	280.58	280.61
Total Common Shares Outstanding	291.5	291.5	280.51	280.58	280.61
Working Capital	3.18	8.42	4.58	5.17	12.68
Book Value Per Share	0.25	0.27	0.30	0.28	0.28
Tangible Book Value	73.93	79.34	84.45	78.63	77.32
Tangible Book Value Per Share	0.25	0.27	0.30	0.28	0.28
Buildings	26.65	0.12	0.12	0.12	0.12
Machinery	16.13	15.94	16.02	10.98	10.72
Construction In Progress	-	-	-	3.99	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.