Makhazen (KWSE:MKHZN)

Makhazen Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	11.17	12.14	215.77	184.02	123.65	71.1
Short-Term Investments	32.26	38.75	107.89	39.64	32.98	30.72
Cash & Short-Term Investments	43.43	50.9	323.65	223.66	156.63	101.81
Cash Growth	44.14%	-84.28%	44.70%	42.80%	53.84%	-42.69%
Accounts Receivable	15.3	53.06	230.74	222.6	214.01	91.09
Other Receivables	-	5.38	9.48	8.79	11.45	8.53
Receivables	15.3	58.44	240.22	231.39	225.45	99.62
Inventory	0.89	0.35	70.73	58.32	45.25	18.76
Prepaid Expenses	-	0.94	51.08	52.23	28.62	19.09
Other Current Assets	83.52	75.49	108.43	48.82	52.39	35.51
Total Current Assets	143.14	186.12	794.11	614.42	508.34	274.81
Property, Plant & Equipment	202.77	387.46	1,137	1,039	970.66	735.29
Long-Term Investments	475.96	493.86	1,570	1,336	1,238	1,629
Goodwill	3.97	3.97	266.71	260.32	258.48	35.92
Other Intangible Assets	-	-	86.72	91.48	93.06	11.18
Other Long-Term Assets	3.18	4.96	55.52	146.99	61.38	28.21
Total Assets	829.33	1,077	4,198	3,750	3,349	2,905

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	135.05	17.52	163.39	112.65	115.97	59.85
Accrued Expenses	-	93.8	236.49	234.26	208.66	153.93
Current Portion of Long-Term Debt	1.29	1.32	136.11	119.95	51.49	15.22
Current Portion of Leases	4.14	4.38	66.7	46.94	34.58	14.86
Current Income Taxes Payable	-	19.89	34.34	34.56	37.43	28.06
Other Current Liabilities	13.91	23.6	122.84	87.9	86.18	49.85
Total Current Liabilities	154.39	160.5	759.87	636.26	534.31	321.77
Long-Term Debt	251.96	248.46	1,073	981.97	885.87	408.32
Long-Term Leases	20.88	24.07	206.58	150.86	133.74	88.81
Long-Term Unearned Revenue	-	-	-	2.56	8.41	-
Pension & Post-Retirement Benefits	12.99	13.34	39.7	35.56	29.17	22.48
Other Long-Term Liabilities	36.9	38.06	76.9	45.92	42.72	4.85
Total Liabilities	477.13	484.42	2,156	1,853	1,634	846.22

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	267.61	267.61	267.61	267.61	267.61	223.01
Additional Paid-In Capital	56.68	209.42	209.42	209.42	209.42	197.02
Retained Earnings	84.8	142.6	1,058	1,823	1,739	1,762
Treasury Stock	-47.68	-40.56	-40.56	-40.56	-40.56	-49.24
Comprehensive Income & Other	-22.65	-9.21	-477.43	-486.7	-574.05	-120.27
Total Common Equity	338.77	569.86	1,017	1,773	1,602	2,013
Minority Interest	13.43	22.38	1,025	124.04	113.14	46.51
Shareholders' Equity	352.2	592.24	2,042	1,897	1,715	2,059
Total Liabilities & Equity	829.33	1,077	4,198	3,750	3,349	2,905

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	278.28	278.22	1,482	1,300	1,106	527.21
Net Cash (Debt)	-234.85	-227.33	-1,159	-1,076	-949.05	-425.4
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.09	-0.09	-0.47	-0.43	-0.37	-0.17
Filing Date Shares Outstanding	2,502	2,552	2,552	2,552	2,552	2,526
Total Common Shares Outstanding	2,502	2,552	2,552	2,552	2,552	2,526
Working Capital	-11.26	25.62	34.24	-21.84	-25.97	-46.96
Book Value Per Share	0.14	0.22	0.40	0.69	0.63	0.80
Tangible Book Value	334.8	565.89	663.52	1,421	1,250	1,965
Tangible Book Value Per Share	0.13	0.22	0.26	0.56	0.49	0.78
Land	-	17.27	135.22	133.83	90.86	52.03
Machinery	-	65.99	353.85	353.01	408.2	301.63
Construction In Progress	-	10.27	68.73	47.48	37.4	28.64

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 25, 2026

Data Sources Report a data error