KWSE:MANAZEL 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	4.3	5.89	7.74	6.89	9.72	9.05
Short-Term Investments	1.84	-	-	1.04	5.37	-
Cash & Short-Term Investments	6.15	5.89	7.74	7.93	15.09	9.05
Cash Growth	-2.56%	-23.94%	-2.33%	-47.47%	66.87%	-8.15%
Accounts Receivable	0.28	0.03	0.09	0.36	1.75	3.77
Other Receivables	0.15	0.12	0.18	0.99	0.15	0.01
Receivables	0.44	0.15	0.27	1.35	1.9	3.79
Prepaid Expenses	0.06	0.03	0.04	0.04	0.05	0.04
Other Current Assets	1.45	2.13	3.52	3.79	6.25	6.32
Total Current Assets	8.09	8.21	11.57	13.11	23.3	19.2
Property, Plant & Equipment	0.07	0.09	0.16	0.27	0.22	0.25
Long-Term Investments	0.9	0.96	0.95	1.4	1.46	8.35
Long-Term Deferred Tax Assets	0.01	0.01	0.01	0	-	-
Other Long-Term Assets	28.6	28	38.51	46.97	62.09	63.24
Total Assets	37.67	37.26	51.19	61.75	87.05	91.04
Accounts Payable	4.1	0.61	0.34	0.65	5.98	3.72
Accrued Expenses	0.51	2.01	1.29	1.48	3.82	3.67
Current Portion of Leases	0.5	0.29	0.88	0.27	0.05	0.05
Current Income Taxes Payable	-	0.05	0.12	0.13	0.31	0.25
Current Unearned Revenue	-	0.04	1.6	2	2.35	2.35
Other Current Liabilities	0.3	2.27	3.2	4.42	1.89	1.41
Total Current Liabilities	5.4	5.27	7.76	9.34	14.39	11.44
Long-Term Leases	1.24	1.57	1.47	0.63	0.05	0.1
Long-Term Unearned Revenue	16.14	17.13	24.57	30.9	44.38	52.71
Other Long-Term Liabilities	0.14	0.15	0.11	-	-	-
Total Liabilities	22.91	24.12	33.9	40.87	58.82	64.25
Common Stock	43.04	43.04	43.04	43.04	43.04	43.04
Retained Earnings	3.87	1.95	1.96	2.19	1.81	0.64
Comprehensive Income & Other	-32.16	-34.44	-31.05	-28.62	-23.01	-23
Total Common Equity	14.75	10.55	13.95	16.61	21.84	20.69
Minority Interest	-	2.59	3.34	4.27	6.39	6.1
Shareholders' Equity	14.75	13.14	17.29	20.88	28.24	26.79
Total Liabilities & Equity	37.67	37.26	51.19	61.75	87.05	91.04
Total Debt	1.73	1.86	2.35	0.9	0.1	0.14
Net Cash (Debt)	4.41	4.03	5.39	7.03	15	8.9
Net Cash Growth	2.55%	-25.28%	-23.24%	-53.14%	68.47%	-7.85%
Net Cash Per Share	0.01	0.01	0.01	0.02	0.03	0.02
Filing Date Shares Outstanding	430.43	430.43	430.43	430.43	430.43	430.43
Total Common Shares Outstanding	430.43	430.43	430.43	430.43	430.43	430.43
Working Capital	2.7	2.93	3.82	3.77	8.91	7.75
Book Value Per Share	0.03	0.02	0.03	0.04	0.05	0.05
Tangible Book Value	14.75	10.55	13.95	16.61	21.84	20.69
Tangible Book Value Per Share	0.03	0.02	0.03	0.04	0.05	0.05

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