KWSE:ARZAN 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	10.21	3.81	6.76	9.44	11.51	11.34
Long-Term Investments	253.86	171.07	133.91	137.82	135.65	108.79
Trading Asset Securities	12.15	27.1	10.63	11.17	6.3	3.73
Loans & Lease Receivables	0.89	0.76	0.86	0.68	0.96	0.62
Other Receivables	13.49	8.55	6.66	7.42	7.32	2.62
Property, Plant & Equipment	3.06	3.22	3.29	3.41	3.59	3.77
Other Intangible Assets	-	-	-	0.06	0.07	0.09
Restricted Cash	-	-	-	-	-	1.3
Other Current Assets	27.17	20.99	11.82	19.38	22.8	15.67
Other Long-Term Assets	46.53	45.78	34.31	2.9	6.7	6.76
Total Assets	369.23	283.2	209.66	193.59	196.18	155.4
Accounts Payable	0.35	0.15	0.15	0.28	0.16	0.21
Accrued Expenses	7.5	3.9	3.79	1.28	1	0.75
Current Portion of Long-Term Debt	34.03	23.7	3.79	7.25	2.64	9.61
Long-Term Debt	30.5	19.98	21.13	21.42	18.81	14.36
Long-Term Leases	0.04	0.06	0	0.02	0.05	0.04
Current Income Taxes Payable	4.36	3.37	3.09	2.91	2.86	3.04
Other Current Liabilities	-	-	-	-	-	0.48
Pension & Post-Retirement Benefits	2.07	1.89	1.8	1.75	1.59	1.48
Other Long-Term Liabilities	2.98	2.94	3.97	2.07	3.78	2.8
Total Liabilities	81.84	55.99	37.74	36.99	30.9	32.77
Common Stock	90.74	86.42	83.1	83.1	80.29	80.29
Additional Paid-In Capital	9.36	9.36	9.36	9.36	9.36	23.8
Retained Earnings	68.01	26.8	11.2	9.14	5.91	-9.91
Comprehensive Income & Other	46.11	49.95	29.64	16.16	26.73	3.87
Total Common Equity	213.89	172.29	131.78	115.22	120.81	96.84
Minority Interest	73.5	54.92	40.14	41.39	44.48	25.78
Shareholders' Equity	287.39	227.21	171.92	156.6	165.28	122.62
Total Liabilities & Equity	369.23	283.2	209.66	193.59	196.18	155.4
Total Debt	64.57	43.74	24.93	28.7	21.5	24.01
Net Cash (Debt)	-42.21	-12.83	-7.54	-8.09	-3.7	-8.94
Net Cash Per Share	-0.05	-0.01	-0.01	-0.01	-0.00	-0.01
Filing Date Shares Outstanding	906.3	906.28	889.29	876.13	883.56	885.82
Total Common Shares Outstanding	906.3	906.28	889.29	876.13	883.56	885.82
Working Capital	19.54	32	27.32	37.67	43.51	21.9
Book Value Per Share	0.24	0.19	0.15	0.13	0.14	0.11
Tangible Book Value	213.89	172.29	131.78	115.16	120.74	96.75
Tangible Book Value Per Share	0.24	0.19	0.15	0.13	0.14	0.11

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