KWSE:MADAR Balance Sheet

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

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-	23.14	25.89	23.26	-	0
Cash & Equivalents	1.99	0.23	0.16	0.33	0.32	0.87
Accounts Receivable	0.41	0.01	0.01	0.02	0	6.44
Other Receivables	-	0.1	0.08	0.04	0.11	0.15
Other Current Assets	-	0.29	0.36	3.34	0.36	0.6
Trading Asset Securities	0.31	0.29	0.81	0.75	0.89	0.53
Other Long-Term Assets	23.14	2.58	-	-	26.17	19.38
Total Assets	25.85	26.63	27.31	27.74	27.86	27.98
Long-Term Leases	0.75	0.74	0.81	-	-	-
Accounts Payable	-	-	-	-	-	0
Accrued Expenses	-	0.5	0.66	0.63	0.64	0.2
Current Income Taxes Payable	-	0.02	0.13	0.17	0.16	0.45
Current Unearned Revenue	-	-	-	-	0.05	-
Other Current Liabilities	-	1.25	1.55	1.68	2.04	2.17
Other Long-Term Liabilities	1.28	0.36	0.38	1.35	-	-
Total Liabilities	2.07	2.91	3.69	4.16	4.28	4.21
Common Stock	21.39	21.39	21.39	21.39	21.39	21.39
Additional Paid-In Capital	4.99	4.99	4.99	4.99	4.99	4.99
Retained Earnings	0.53	0.47	0.39	0.24	0.24	0.2
Treasury Stock	-4.61	-4.61	-4.61	-4.61	-4.57	-4.57
Comprehensive Income & Other	0.01	0.01	0.01	0.01	0.01	0
Total Common Equity	22.3	22.25	22.17	22.02	22.05	22.01
Minority Interest	1.48	1.47	1.45	1.56	1.53	1.76
Shareholders' Equity	23.78	23.72	23.62	23.58	23.58	23.77
Total Liabilities & Equity	25.85	26.63	27.31	27.74	27.86	27.98
Total Debt	0.75	0.74	0.81	-	1.04	1.04
Net Cash (Debt)	1.56	-0.22	0.16	1.08	0.17	0.36
Net Cash (Debt) Growth	458.92%	-	-85.27%	552.68%	-54.31%	-80.38%
Net Cash Per Share	0.01	-0.00	0.00	0.01	0.00	0.00
Filing Date Shares Outstanding	208.97	206.58	206.58	206.58	207.02	207.02
Total Common Shares Outstanding	208.97	206.58	206.58	206.58	207.02	207.02
Book Value Per Share	0.11	0.11	0.11	0.11	0.11	0.11
Tangible Book Value	22.3	22.25	22.17	22.02	22.05	22.01
Tangible Book Value Per Share	0.11	0.11	0.11	0.11	0.11	0.11

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