KWSE:SHIP 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	4.31	3.63	4.87	5.76	4.91
Cash & Short-Term Investments	4.31	3.63	4.87	5.76	4.91
Cash Growth	18.54%	-25.35%	-15.52%	17.35%	11.12%
Accounts Receivable	117.54	98.67	81.93	87.12	77.3
Other Receivables	0.54	0.52	0.18	0.21	0.26
Receivables	118.08	99.19	82.12	87.33	77.56
Inventory	23.7	15.47	13.74	10.79	10.31
Prepaid Expenses	2.24	2.09	2.53	1.15	0.92
Other Current Assets	4.89	2.83	3.13	1.64	2.25
Total Current Assets	153.22	123.21	106.39	106.67	95.94
Property, Plant & Equipment	81.41	78.37	74.3	64.26	57.53
Long-Term Investments	1.78	1.61	1.74	1.93	2.04
Long-Term Accounts Receivable	2.88	1.43	1.41	3.73	12.16
Total Assets	239.29	204.61	183.84	176.59	167.66
Accounts Payable	13.11	9.25	6.5	47.69	7.26
Accrued Expenses	7.75	6.88	6.88	-	7.19
Short-Term Debt	28.09	27.47	14.36	23.75	17.56
Current Portion of Long-Term Debt	16.78	11.58	10.05	10.41	9.66
Current Portion of Leases	0.85	0.86	0.86	0.1	0.12
Current Income Taxes Payable	0.57	0.3	0.36	-	-
Current Unearned Revenue	0.47	1.84	0.27	0.21	0.22
Other Current Liabilities	61.91	47.01	47.04	-	30.75
Total Current Liabilities	129.54	105.19	86.31	82.15	72.75
Long-Term Debt	4.32	1.9	0.96	2.73	6.78
Long-Term Leases	1.93	0.34	0.91	0.27	0.31
Pension & Post-Retirement Benefits	21.43	18.51	19.75	18.2	16.06
Other Long-Term Liabilities	0.85	1.1	1.87	2.43	2.95
Total Liabilities	158.08	127.04	109.81	105.79	98.86
Common Stock	18.02	18.02	18.02	18.02	18.02
Retained Earnings	62.59	59.08	55.42	52	49.89
Treasury Stock	-0	-	-	-	-
Comprehensive Income & Other	0.59	0.46	0.59	0.78	0.89
Total Common Equity	81.2	77.57	74.03	70.8	68.8
Minority Interest	0.01	0.01	0	0	0
Shareholders' Equity	81.21	77.57	74.03	70.8	68.81
Total Liabilities & Equity	239.29	204.61	183.84	176.59	167.66
Total Debt	51.97	42.14	27.15	37.25	34.43
Net Cash (Debt)	-47.67	-38.51	-22.28	-31.49	-29.52
Net Cash Per Share	-0.26	-0.21	-0.12	-0.17	-0.16
Filing Date Shares Outstanding	180.24	180.24	180.24	180.24	180.24
Total Common Shares Outstanding	180.24	180.24	180.24	180.24	180.24
Working Capital	23.68	18.02	20.08	24.52	23.19
Book Value Per Share	0.45	0.43	0.41	0.39	0.38
Tangible Book Value	81.2	77.57	74.03	70.8	68.8
Tangible Book Value Per Share	0.45	0.43	0.41	0.39	0.38
Land	5.45	5.45	5.45	5.45	5.45
Buildings	23.4	23.33	23.08	24.29	24.39
Machinery	100.46	97.58	95.85	84.49	86.68
Construction In Progress	2.14	1.92	0.58	4.57	0.05
Order Backlog	735.66	603.07	456.42	317.01	181.02

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