KWSE:NAPESCO 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	9.58	12.15	5.24	2.66	2.18	2.2
Short-Term Investments	29.48	24.63	19.9	14.84	17.33	14.96
Trading Asset Securities	0	0	0	0.61	0.61	1.41
Cash & Short-Term Investments	39.06	36.78	25.14	18.11	20.12	18.56
Cash Growth	49.49%	46.27%	38.82%	-9.99%	8.44%	15.35%
Accounts Receivable	14.19	11.8	11.28	12.66	13.37	12.71
Other Receivables	-	0.36	0.52	0.67	0.39	0.35
Receivables	14.19	12.16	11.8	13.33	13.75	13.06
Inventory	6.71	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	62.32	57.42	44.64	37.04	40.46	37.79
Property, Plant & Equipment	13.79	13.84	15.99	14.24	12.69	9.65
Long-Term Investments	21	20.29	18.99	19.39	-	-
Other Long-Term Assets	-	-	-	0.02	-	-
Total Assets	97.11	91.55	79.62	70.68	53.15	47.44
Accounts Payable	10.52	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	0.09	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	1.77	2.48	1.15	4.55	0.69	0.69
Total Current Liabilities	12.38	12	10.89	11.88	7.27	5.5
Long-Term Leases	0.34	0.31	-	0.05	0.16	0.07
Pension & Post-Retirement Benefits	4.02	3.93	3.27	2.78	3.45	3.02
Total Liabilities	16.75	16.24	14.16	14.72	10.89	8.6
Common Stock	10	10	10	10	10	10
Additional Paid-In Capital	3.34	3.34	3.34	3.34	3.34	3.34
Retained Earnings	54.69	50.4	42.29	34.36	29.59	26.16
Treasury Stock	-6	-6	-6	-6	-0.65	-0.65
Comprehensive Income & Other	-0.19	-0.19	-0.27	-0.02	-0.02	-0.01
Total Common Equity	61.84	57.55	49.36	41.68	42.26	38.84
Minority Interest	18.53	17.76	16.1	14.28	0	0
Shareholders' Equity	80.37	75.31	65.46	55.97	42.26	38.84
Total Liabilities & Equity	97.11	91.55	79.62	70.68	53.15	47.44
Total Debt	0.44	0.45	0.06	0.29	0.38	0.25
Net Cash (Debt)	38.63	36.33	25.08	17.83	19.75	18.31
Net Cash Growth	48.99%	44.87%	40.70%	-9.72%	7.85%	16.94%
Net Cash Per Share	0.43	0.40	0.28	0.18	0.20	0.19
Filing Date Shares Outstanding	90.33	90.34	90.34	90.34	97	97
Total Common Shares Outstanding	90.33	90.34	90.34	90.34	97	97
Working Capital	49.94	45.42	33.75	25.16	33.19	32.29
Book Value Per Share	0.68	0.64	0.55	0.46	0.44	0.40
Tangible Book Value	61.84	57.55	49.36	41.68	42.26	38.84
Tangible Book Value Per Share	0.68	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

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