ROIC Balance Sheet

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

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	7.04	3.63	4.87	5.76	4.91	4.42
Cash & Short-Term Investments	7.04	3.63	4.87	5.76	4.91	4.42
Cash Growth	-15.40%	-25.35%	-15.52%	17.35%	11.12%	-19.01%
Accounts Receivable	103.56	98.67	81.93	87.12	77.3	85.93
Other Receivables	-	0.52	0.18	0.21	0.26	-0.1
Receivables	103.56	99.19	82.12	87.33	77.56	85.83
Inventory	18.06	15.47	13.74	10.79	10.31	21.32
Prepaid Expenses	-	2.09	2.53	1.15	0.92	1.06
Other Current Assets	-	2.83	3.13	1.64	2.25	1.53
Total Current Assets	128.66	123.21	106.39	106.67	95.94	114.16
Property, Plant & Equipment	81.44	78.37	74.3	64.26	57.53	61.43
Long-Term Investments	1.65	1.61	1.74	1.93	2.04	2.07
Long-Term Accounts Receivable	2.07	1.43	1.41	3.73	12.16	10.51
Total Assets	213.82	204.61	183.84	176.59	167.66	188.17
Accounts Payable	75.21	9.25	6.5	47.69	7.26	9.18
Accrued Expenses	-	6.88	6.88	-	7.19	9.02
Short-Term Debt	-	27.47	14.36	23.75	17.56	23.6
Current Portion of Long-Term Debt	38.13	11.58	10.05	10.41	9.66	9.51
Current Portion of Leases	0.85	0.86	0.86	0.1	0.12	0.06
Current Income Taxes Payable	-	0.3	0.36	-	-	-
Current Unearned Revenue	0.52	1.84	0.27	0.21	0.22	0.67
Other Current Liabilities	-	47.01	47.04	-	30.75	43.08
Total Current Liabilities	114.71	105.19	86.31	82.15	72.75	95.12
Long-Term Debt	1.3	1.9	0.96	2.73	6.78	9.89
Long-Term Leases	1.81	0.34	0.91	0.27	0.31	0.1
Other Long-Term Liabilities	0.99	1.1	1.87	2.43	2.95	1.1
Total Liabilities	138.55	127.04	109.81	105.79	98.86	122.1
Common Stock	18.02	18.02	18.02	18.02	18.02	18.02
Retained Earnings	56.73	59.08	55.42	52	49.89	47.12
Comprehensive Income & Other	0.51	0.46	0.59	0.78	0.89	0.93
Total Common Equity	75.26	77.57	74.03	70.8	68.8	66.07
Minority Interest	0.01	0.01	0	0	0	0
Shareholders' Equity	75.27	77.57	74.03	70.8	68.81	66.07
Total Liabilities & Equity	213.82	204.61	183.84	176.59	167.66	188.17
Total Debt	42.08	42.14	27.15	37.25	34.43	43.16
Net Cash (Debt)	-35.04	-38.51	-22.28	-31.49	-29.52	-38.74
Net Cash Per Share	-0.19	-0.21	-0.12	-0.17	-0.16	-0.21
Filing Date Shares Outstanding	180.25	180.24	180.24	180.24	180.24	180.24
Total Common Shares Outstanding	180.25	180.24	180.24	180.24	180.24	180.24
Working Capital	13.95	18.02	20.08	24.52	23.19	19.05
Book Value Per Share	0.42	0.43	0.41	0.39	0.38	0.37
Tangible Book Value	75.26	77.57	74.03	70.8	68.8	66.07
Tangible Book Value Per Share	0.42	0.43	0.41	0.39	0.38	0.37
Land	-	5.45	5.45	5.45	5.45	5.45
Buildings	-	23.33	23.08	24.29	24.39	24.45
Machinery	-	97.58	95.85	84.49	86.68	33.74
Construction In Progress	-	1.92	0.58	4.57	0.05	0.03
Order Backlog	-	603.07	456.42	317.01	181.02	209.17

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