Independent Petroleum Group K.S.C.P. (KWSE:IPG)

KWSE:IPG Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	69.6	59.56	97.79	79.3	108.51	69.42
Short-Term Investments	1.36	1.4	1.1	1.32	1.27	2.15
Cash & Short-Term Investments	70.97	60.96	98.9	80.61	109.78	71.57
Cash Growth	-22.74%	-38.36%	22.68%	-26.57%	53.39%	54.17%
Accounts Receivable	115.65	128.78	151.58	177.49	64.61	98.78
Other Receivables	-	6.77	6.17	7.33	6.85	29.34
Receivables	126.01	146.12	170.41	198.36	92.02	128.98
Inventory	14.25	10.37	26.81	27.24	51.74	50.77
Prepaid Expenses	-	1.3	1.22	2.5	1.51	1.22
Other Current Assets	86.46	81.98	73.63	67.26	60.98	69.69
Total Current Assets	297.68	300.72	370.96	375.97	316.03	322.21
Property, Plant & Equipment	44.64	44.56	45.22	47.81	55.57	35.84
Long-Term Investments	82.82	73.46	69.99	65.15	62.56	61.06
Total Assets	429.08	422.63	490.72	493.47	439.04	423.88

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	123.14	18.07	95.02	111.6	55.92	104.03
Accrued Expenses	-	40.89	43.09	35.49	31.46	19.89
Current Portion of Long-Term Debt	176.11	224.76	203.48	204.33	196.16	170.31
Current Portion of Leases	2.16	4.25	4.12	5	5.56	3.52
Current Income Taxes Payable	-	0.12	0.1	0.08	0.08	0.08
Other Current Liabilities	-	4.95	3.12	2.7	2.65	2.45
Total Current Liabilities	301.41	293.03	348.92	359.2	291.84	300.27
Long-Term Debt	-	-	12.22	12.15	24.87	19.47
Long-Term Leases	11.07	10.97	15.36	15.69	20.83	2.14
Pension & Post-Retirement Benefits	2.47	2.33	1.95	1.78	1.44	1.36
Total Liabilities	314.94	306.33	378.45	388.82	338.98	323.24

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	18.84	18.84	18.84	18.84	18.84	18.84
Additional Paid-In Capital	29.67	29.67	29.67	29.67	29.67	29.67
Retained Earnings	40.73	43.35	40.41	36.82	34.43	32.2
Treasury Stock	-2.83	-2.77	-2.77	-2.77	-2.77	-2.77
Comprehensive Income & Other	27.73	27.22	26.12	22.09	19.9	22.7
Shareholders' Equity	114.14	116.31	112.27	104.65	100.06	100.63
Total Liabilities & Equity	429.08	422.63	490.72	493.47	439.04	423.88

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	189.34	239.97	235.18	237.17	247.43	195.44
Net Cash (Debt)	-118.37	-179.02	-136.28	-156.56	-137.65	-123.88
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.65	-0.99	-0.75	-0.87	-0.76	-0.69
Filing Date Shares Outstanding	180.69	180.79	180.79	180.79	180.79	180.79
Total Common Shares Outstanding	180.69	180.79	180.79	180.79	180.79	180.79
Working Capital	-3.73	7.69	22.04	16.77	24.19	21.95
Book Value Per Share	0.63	0.64	0.62	0.58	0.55	0.56
Tangible Book Value	114.14	116.31	112.27	104.65	100.06	100.63
Tangible Book Value Per Share	0.63	0.64	0.62	0.58	0.55	0.56
Land	-	0.54	0.54	0.54	0.54	0.54
Buildings	-	3.28	3.22	3.27	3.27	1.69
Machinery	-	41.04	39.79	39.76	39.52	38.01
Construction In Progress	-	4.95	0.03	-	-	3.76
Leasehold Improvements	-	0.07	0.07	0.07	0.07	0.07

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 5, 2026

Data Sources Report a data error