KWSE:NAPESCO 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	12.15	5.24	2.66	2.18	2.2
Short-Term Investments	24.63	19.9	14.84	17.33	14.96
Trading Asset Securities	0	0	0.61	0.61	1.41
Cash & Short-Term Investments	36.78	25.14	18.11	20.12	18.56
Cash Growth	46.27%	38.82%	-9.99%	8.44%	15.35%
Accounts Receivable	11.8	11.28	12.66	13.37	12.71
Other Receivables	0.36	0.52	0.67	0.39	0.35
Receivables	12.16	11.8	13.33	13.75	13.06
Inventory	7.5	6.44	4.53	5.48	4.24
Other Current Assets	0.98	1.26	1.07	1.11	1.93
Total Current Assets	57.42	44.64	37.04	40.46	37.79
Property, Plant & Equipment	13.84	15.99	14.24	12.69	9.65
Long-Term Investments	20.29	18.99	19.39	-	-
Other Long-Term Assets	-	-	0.02	-	-
Total Assets	91.55	79.62	70.68	53.15	47.44
Accounts Payable	3.67	3.88	2.02	1.42	1.49
Accrued Expenses	4.8	4.64	4.15	2.75	2.02
Current Portion of Leases	0.14	0.06	0.23	0.21	0.18
Current Income Taxes Payable	0.18	0.72	0.44	0.35	0.24
Current Unearned Revenue	0.74	0.44	0.49	1.84	0.87
Other Current Liabilities	2.48	1.15	4.55	0.69	0.69
Total Current Liabilities	12	10.89	11.88	7.27	5.5
Long-Term Leases	0.31	-	0.05	0.16	0.07
Pension & Post-Retirement Benefits	3.93	3.27	2.78	3.45	3.02
Total Liabilities	16.24	14.16	14.72	10.89	8.6
Common Stock	10	10	10	10	10
Additional Paid-In Capital	3.34	3.34	3.34	3.34	3.34
Retained Earnings	50.4	42.29	34.36	29.59	26.16
Treasury Stock	-6	-6	-6	-0.65	-0.65
Comprehensive Income & Other	-0.19	-0.27	-0.02	-0.02	-0.01
Total Common Equity	57.55	49.36	41.68	42.26	38.84
Minority Interest	17.76	16.1	14.28	0	0
Shareholders' Equity	75.31	65.46	55.97	42.26	38.84
Total Liabilities & Equity	91.55	79.62	70.68	53.15	47.44
Total Debt	0.45	0.06	0.29	0.38	0.25
Net Cash (Debt)	36.33	25.08	17.83	19.75	18.31
Net Cash Growth	44.87%	40.70%	-9.72%	7.85%	16.94%
Net Cash Per Share	0.40	0.28	0.18	0.20	0.19
Filing Date Shares Outstanding	90.34	90.34	90.34	97	97
Total Common Shares Outstanding	90.34	90.34	90.34	97	97
Working Capital	45.42	33.75	25.16	33.19	32.29
Book Value Per Share	0.64	0.55	0.46	0.44	0.40
Tangible Book Value	57.55	49.36	41.68	42.26	38.84
Tangible Book Value Per Share	0.64	0.55	0.46	0.44	0.40
Buildings	7.06	6.57	4.88	3.24	2.99
Machinery	40.95	38.84	36.98	32.17	28.19

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