Mabanee Company K.P.S.C. 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
Property, Plant & Equipment	1,690	1,288	1,060	933.24	884.87
Cash & Equivalents	75.55	138.05	163.88	99.72	139.22
Accounts Receivable	56.38	16.77	11.73	5.79	5.64
Other Receivables	-	14.62	6.24	4.88	1.56
Investment In Debt and Equity Securities	1.87	1.85	1.91	1.92	1.9
Other Current Assets	-	8.73	6.86	0.8	2.78
Other Long-Term Assets	127.53	116.58	106.96	88.4	49.78
Total Assets	1,951	1,584	1,358	1,135	1,086
Current Portion of Long-Term Debt	43.85	83.79	37.29	37.21	50.41
Current Portion of Leases	0.42	8.82	8.79	5.89	5.94
Long-Term Debt	835.49	580.49	507.86	351.83	335.19
Long-Term Leases	65.19	13.22	9.01	12.57	17.91
Accounts Payable	70.52	3.55	1.32	1.51	1.42
Current Income Taxes Payable	-	3.15	3.08	2.83	2.54
Current Unearned Revenue	-	6.62	5.84	7.79	10.34
Other Current Liabilities	-	46.27	39.16	23.07	32.47
Other Long-Term Liabilities	86.61	56.43	37.75	34.76	22.54
Total Liabilities	1,109	831.43	657.21	480.92	481.36
Common Stock	147.89	139.52	131.62	124.17	117.14
Additional Paid-In Capital	16.55	16.55	16.51	16.52	16.51
Retained Earnings	566.25	509.71	470.82	430.58	392.93
Comprehensive Income & Other	4.84	3.73	1.21	3.93	2.73
Total Common Equity	735.53	669.5	620.15	575.2	529.31
Minority Interest	106.43	83.44	80.7	78.63	75.08
Shareholders' Equity	841.96	752.94	700.85	653.83	604.39
Total Liabilities & Equity	1,951	1,584	1,358	1,135	1,086
Total Debt	944.96	709.01	565.99	407.5	409.45
Net Cash (Debt)	-869.42	-570.96	-402.12	-307.78	-270.23
Net Cash Per Share	-0.59	-0.39	-0.27	-0.21	-0.18
Filing Date Shares Outstanding	1,479	1,479	1,479	1,479	1,479
Total Common Shares Outstanding	1,479	1,479	1,479	1,479	1,479
Book Value Per Share	0.50	0.45	0.42	0.39	0.36
Tangible Book Value	735.53	669.5	620.15	575.2	529.31
Tangible Book Value Per Share	0.50	0.45	0.42	0.39	0.36
Land	-	5.65	5.65	5.65	5.64
Buildings	-	139.55	139.55	140.06	57.34
Construction In Progress	-	495.25	257.51	114.87	135.87

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