KWSE:MEZZAN 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
Cash & Equivalents	20.23	19.18	28.07	20.46	19.31
Cash & Short-Term Investments	20.23	19.18	28.07	20.46	19.31
Cash Growth	5.51%	-31.69%	37.23%	5.92%	-1.52%
Accounts Receivable	53.97	48.83	53.45	50.75	52.86
Other Receivables	5.06	4.06	3.36	3	3.36
Receivables	59.03	52.89	56.81	53.75	56.22
Inventory	69.25	68.88	57.44	59.6	54.81
Prepaid Expenses	-	-	-	-	1.32
Other Current Assets	23.33	21.11	14.6	13.06	12.92
Total Current Assets	171.84	162.06	156.93	146.85	144.59
Property, Plant & Equipment	96.26	84.45	80.75	81.67	80.83
Long-Term Investments	3.29	4.07	3.33	3.93	4.39
Goodwill	23.18	23.27	23.22	23.21	23.08
Other Intangible Assets	13.08	13.27	12.22	11.8	10.02
Other Long-Term Assets	4.86	4.88	4.74	4.63	4.57
Total Assets	312.51	292	281.19	272.1	267.47
Accounts Payable	41	41.95	38.32	39.95	41.6
Accrued Expenses	23.37	22.36	19.73	20.08	13.9
Short-Term Debt	1.55	1.06	10.79	14.49	3.9
Current Portion of Long-Term Debt	84.45	81.17	76.41	70.21	68.42
Current Portion of Leases	1.02	1.32	1.22	1.37	1.48
Current Income Taxes Payable	0.19	0.15	-	-	-
Other Current Liabilities	1.91	2.28	4.56	3.98	5.01
Total Current Liabilities	153.49	150.29	151.03	150.07	134.31
Long-Term Debt	8.51	2.08	-	-	-
Long-Term Leases	2.04	1.58	2.02	1.93	2.33
Pension & Post-Retirement Benefits	9.97	8.86	8.64	8.74	8.76
Other Long-Term Liabilities	-	-	-	-	2
Total Liabilities	174.01	162.81	161.69	160.74	147.4
Common Stock	31.13	31.13	31.13	31.13	31.13
Retained Earnings	101.28	91.55	82.64	74.82	85.42
Treasury Stock	-0	-	-0.43	-0.27	-2.34
Comprehensive Income & Other	-3.8	-2.41	-3.37	-2.91	-2.78
Total Common Equity	128.6	120.28	109.97	102.77	111.43
Minority Interest	9.89	8.92	9.53	8.58	8.64
Shareholders' Equity	138.5	129.2	119.5	111.35	120.07
Total Liabilities & Equity	312.51	292	281.19	272.1	267.47
Total Debt	97.57	87.21	90.44	87.99	76.13
Net Cash (Debt)	-77.34	-68.04	-62.36	-67.53	-56.82
Net Cash Per Share	-0.25	-0.22	-0.20	-0.22	-0.19
Filing Date Shares Outstanding	311.32	311.33	310.17	310.58	307.5
Total Common Shares Outstanding	311.32	311.33	310.17	310.58	307.5
Working Capital	18.36	11.77	5.9	-3.22	10.27
Book Value Per Share	0.41	0.39	0.35	0.33	0.36
Tangible Book Value	92.35	83.73	74.53	67.76	78.33
Tangible Book Value Per Share	0.30	0.27	0.24	0.22	0.25
Land	13.48	13.52	14.2	14.19	12.64
Buildings	70.41	69.63	66.42	63.91	61.5
Machinery	90.41	88.12	91.46	89.8	86.29
Construction In Progress	26.08	13.25	8.6	9.97	8.86

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