KWSE:MANAZEL 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
Cash & Equivalents	5.37	6.28	5.89	7.74	6.89	9.72
Short-Term Investments	-	-	-	-	1.04	5.37
Cash & Short-Term Investments	5.37	6.28	5.89	7.74	7.93	15.09
Cash Growth	-6.24%	6.56%	-23.94%	-2.33%	-47.47%	66.87%
Accounts Receivable	1.1	1.16	0.03	0.09	0.36	1.75
Other Receivables	0.9	1.11	0.12	0.18	0.99	0.15
Receivables	2.01	2.27	0.15	0.27	1.35	1.9
Inventory	2.38	2.71	-	-	-	-
Prepaid Expenses	0.03	0.04	0.03	0.04	0.04	0.05
Other Current Assets	1.39	1.42	2.13	3.52	3.79	6.25
Total Current Assets	11.18	12.72	8.21	11.57	13.11	23.3
Property, Plant & Equipment	0.04	0.06	0.09	0.16	0.27	0.22
Long-Term Investments	0.9	0.9	0.96	0.95	1.4	1.46
Long-Term Deferred Tax Assets	0	0.01	0.01	0.01	0	-
Other Long-Term Assets	23.74	26.18	28	38.51	46.97	62.09
Total Assets	35.86	39.86	37.26	51.19	61.75	87.05
Accounts Payable	3.6	0.24	0.61	0.34	0.65	5.98
Accrued Expenses	0.54	1.86	2.01	1.29	1.48	3.82
Current Portion of Leases	0.29	0.54	0.29	0.88	0.27	0.05
Current Income Taxes Payable	-	0.04	0.05	0.12	0.13	0.31
Current Unearned Revenue	14.94	16.61	17.17	1.6	2	2.35
Other Current Liabilities	7.51	10.53	2.27	3.2	4.42	1.89
Total Current Liabilities	26.88	29.82	22.4	7.76	9.34	14.39
Long-Term Leases	0.98	1.11	1.57	1.47	0.63	0.05
Long-Term Unearned Revenue	-	-	-	24.57	30.9	44.38
Other Long-Term Liabilities	0.21	0.2	0.15	0.11	-	-
Total Liabilities	28.07	31.13	24.12	33.9	40.87	58.82
Common Stock	43.04	43.04	43.04	43.04	43.04	43.04
Retained Earnings	-2.67	-2.06	1.95	1.96	2.19	1.81
Comprehensive Income & Other	-32.58	-32.26	-34.44	-31.05	-28.62	-23.01
Total Common Equity	7.8	8.73	10.55	13.95	16.61	21.84
Minority Interest	-	-	2.59	3.34	4.27	6.39
Shareholders' Equity	7.8	8.73	13.14	17.29	20.88	28.24
Total Liabilities & Equity	35.86	39.86	37.26	51.19	61.75	87.05
Total Debt	1.26	1.65	1.86	2.35	0.9	0.1
Net Cash (Debt)	4.11	4.63	4.03	5.39	7.03	15
Net Cash Growth	4.72%	14.85%	-25.28%	-23.24%	-53.14%	68.47%
Net Cash Per Share	0.01	0.01	0.01	0.01	0.02	0.03
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	-15.7	-17.1	-14.19	3.82	3.77	8.91
Book Value Per Share	0.02	0.02	0.02	0.03	0.04	0.05
Tangible Book Value	7.8	8.73	10.55	13.95	16.61	21.84
Tangible Book Value Per Share	0.02	0.02	0.02	0.03	0.04	0.05

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