KWSE:PAPER 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	5.34	5.14	7.69	2.95	2.62	4.08
Short-Term Investments	-	-	-	2.78	-	0.65
Cash & Short-Term Investments	5.34	5.14	7.69	5.73	2.62	4.73
Cash Growth	-21.34%	-33.25%	34.19%	118.64%	-44.50%	125.07%
Accounts Receivable	4.12	3.72	2.76	3.35	3.69	2.89
Other Receivables	-	0.08	0.06	0.07	0.07	0.04
Receivables	4.12	3.8	2.82	3.42	3.76	2.93
Inventory	4.89	5.29	5.4	5.17	7.93	3.55
Prepaid Expenses	-	0.09	0.09	0.11	0.12	0.12
Other Current Assets	-	0.3	0.11	0.58	0.54	0.07
Total Current Assets	14.36	14.62	16.11	15.01	14.96	11.39
Property, Plant & Equipment	8.64	8.84	9.44	9.65	8.95	9.33
Long-Term Investments	-	-	-	-	-	2.59
Goodwill	0.06	0.06	0.22	-	-	-
Total Assets	23.06	23.52	25.77	24.66	23.91	23.31
Accounts Payable	2.76	1.52	2.53	1.31	1.81	1.83
Accrued Expenses	-	0.9	0.99	0.97	0.9	0.82
Short-Term Debt	-	-	-	0.25	0.25	-
Current Portion of Long-Term Debt	0.08	0.08	0.35	0.17	-	-
Current Portion of Leases	0.15	0.12	0.09	0.06	0.05	0.05
Current Income Taxes Payable	-	0.03	0.06	0.08	0.08	0.07
Current Unearned Revenue	0.04	0.06	0.05	0.07	0.13	0.04
Other Current Liabilities	-	0.2	0.39	0.29	0.23	0.18
Total Current Liabilities	3.03	2.91	4.47	3.2	3.45	2.99
Long-Term Debt	0.24	0.28	0.37	0.72	-	-
Long-Term Leases	0.92	0.99	1.06	0.82	0.79	0.83
Pension & Post-Retirement Benefits	1.06	1.06	1.04	0.99	1.01	0.96
Total Liabilities	5.26	5.24	6.94	5.74	5.25	4.78
Common Stock	10.07	10.07	10.07	10.07	10.07	10.07
Additional Paid-In Capital	2.29	2.29	2.29	2.29	2.29	2.29
Retained Earnings	4.68	5.2	5.68	5.8	5.56	5.4
Treasury Stock	-0.16	-0.16	-0.16	-0.16	-0.16	-0.16
Comprehensive Income & Other	0.92	0.89	0.95	0.92	0.91	0.93
Shareholders' Equity	17.8	18.28	18.82	18.93	18.66	18.53
Total Liabilities & Equity	23.06	23.52	25.77	24.66	23.91	23.31
Total Debt	1.39	1.48	1.87	2.02	1.09	0.88
Net Cash (Debt)	3.95	3.66	5.83	3.71	1.53	3.85
Net Cash Growth	-22.93%	-37.21%	57.00%	142.02%	-60.15%	538.70%
Net Cash Per Share	0.04	0.04	0.06	0.04	0.02	0.04
Filing Date Shares Outstanding	99.19	99.24	99.24	99.24	99.24	99.24
Total Common Shares Outstanding	99.19	99.24	99.24	99.24	99.24	99.24
Working Capital	11.32	11.71	11.64	11.81	11.51	8.4
Book Value Per Share	0.18	0.18	0.19	0.19	0.19	0.19
Tangible Book Value	17.74	18.22	18.61	18.93	18.66	18.53
Tangible Book Value Per Share	0.18	0.18	0.19	0.19	0.19	0.19
Buildings	-	4.75	4.66	3.93	3.92	3.89
Machinery	-	12.49	12.39	12.09	11.62	11.48
Construction In Progress	-	0.15	0.1	0.84	0.14	-

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