KWSE:ARZAN 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	5.95	3.81	6.76	9.44	11.51
Long-Term Investments	264.83	171.07	133.91	137.82	135.65
Trading Asset Securities	9.97	27.1	10.63	11.17	6.3
Loans & Lease Receivables	1.14	0.76	0.86	0.68	0.96
Other Receivables	12.15	8.55	6.66	7.42	7.32
Property, Plant & Equipment	3	3.22	3.29	3.41	3.59
Other Intangible Assets	-	-	-	0.06	0.07
Other Current Assets	21.11	20.99	11.82	19.38	22.8
Other Long-Term Assets	64.83	45.78	34.31	2.9	6.7
Total Assets	384.86	283.2	209.66	193.59	196.18
Accounts Payable	0.29	0.15	0.15	0.28	0.16
Accrued Expenses	2.72	3.9	3.79	1.28	1
Current Portion of Long-Term Debt	34.64	23.7	3.79	7.25	2.64
Long-Term Debt	34.53	19.98	21.13	21.42	18.81
Long-Term Leases	0.04	0.06	0	0.02	0.05
Current Income Taxes Payable	4.2	3.37	3.09	2.91	2.86
Pension & Post-Retirement Benefits	2.19	1.89	1.8	1.75	1.59
Other Long-Term Liabilities	4.69	2.94	3.97	2.07	3.78
Total Liabilities	83.3	55.99	37.74	36.99	30.9
Common Stock	90.74	86.42	83.1	83.1	80.29
Additional Paid-In Capital	9.36	9.36	9.36	9.36	9.36
Retained Earnings	71.81	26.8	11.2	9.14	5.91
Comprehensive Income & Other	52.14	49.95	29.64	16.16	26.73
Total Common Equity	223.72	172.29	131.78	115.22	120.81
Minority Interest	77.84	54.92	40.14	41.39	44.48
Shareholders' Equity	301.56	227.21	171.92	156.6	165.28
Total Liabilities & Equity	384.86	283.2	209.66	193.59	196.18
Total Debt	69.21	43.74	24.93	28.7	21.5
Net Cash (Debt)	-53.28	-12.83	-7.54	-8.09	-3.7
Net Cash Per Share	-0.06	-0.01	-0.01	-0.01	-0.00
Filing Date Shares Outstanding	906.32	906.28	889.29	876.13	883.56
Total Common Shares Outstanding	906.32	906.28	889.29	876.13	883.56
Working Capital	10.34	32	27.32	37.67	43.51
Book Value Per Share	0.25	0.19	0.15	0.13	0.14
Tangible Book Value	223.72	172.29	131.78	115.16	120.74
Tangible Book Value Per Share	0.25	0.19	0.15	0.13	0.14

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.