Heavy Engineering Industries and Shipbuilding Company K.S.C.P. (KWSE:SHIP)

KWSE:SHIP Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	5.09	4.31	3.63	4.87	5.76	4.91
Cash & Short-Term Investments	5.09	4.31	3.63	4.87	5.76	4.91
Cash Growth	-27.74%	18.54%	-25.35%	-15.52%	17.35%	11.12%
Accounts Receivable	133.35	117.54	98.67	81.93	87.12	77.3
Other Receivables	2.1	0.54	0.52	0.18	0.21	0.26
Receivables	135.45	118.08	99.19	82.12	87.33	77.56
Inventory	28.14	23.7	15.47	13.74	10.79	10.31
Prepaid Expenses	4.18	2.24	2.09	2.53	1.15	0.92
Other Current Assets	7.35	4.89	2.83	3.13	1.64	2.25
Total Current Assets	180.21	153.22	123.21	106.39	106.67	95.94
Property, Plant & Equipment	81.99	81.41	78.37	74.3	64.26	57.53
Long-Term Investments	2.09	1.78	1.61	1.74	1.93	2.04
Long-Term Accounts Receivable	3.22	2.88	1.43	1.41	3.73	12.16
Total Assets	267.51	239.29	204.61	183.84	176.59	167.66

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	18.76	13.11	9.25	6.5	47.69	7.26
Accrued Expenses	9.29	7.75	6.88	6.88	-	7.19
Short-Term Debt	42.22	28.09	27.47	14.36	23.75	17.56
Current Portion of Long-Term Debt	22.76	16.78	11.58	10.05	10.41	9.66
Current Portion of Leases	0.85	0.85	0.86	0.86	0.1	0.12
Current Income Taxes Payable	0.16	0.57	0.3	0.36	-	-
Current Unearned Revenue	0.24	0.47	1.84	0.27	0.21	0.22
Other Current Liabilities	63.38	61.91	47.01	47.04	-	30.75
Total Current Liabilities	157.67	129.54	105.19	86.31	82.15	72.75
Long-Term Debt	5.47	4.32	1.9	0.96	2.73	6.78
Long-Term Leases	1.02	1.93	0.34	0.91	0.27	0.31
Pension & Post-Retirement Benefits	23.06	21.43	18.51	19.75	18.2	16.06
Other Long-Term Liabilities	0.85	0.85	1.1	1.87	2.43	2.95
Total Liabilities	188.08	158.08	127.04	109.81	105.79	98.86

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	19.83	18.02	18.02	18.02	18.02	18.02
Retained Earnings	58.66	62.59	59.08	55.42	52	49.89
Treasury Stock	-0	-0	-	-	-	-
Comprehensive Income & Other	0.93	0.59	0.46	0.59	0.78	0.89
Total Common Equity	79.42	81.2	77.57	74.03	70.8	68.8
Minority Interest	0.01	0.01	0.01	0	0	0
Shareholders' Equity	79.42	81.21	77.57	74.03	70.8	68.81
Total Liabilities & Equity	267.51	239.29	204.61	183.84	176.59	167.66

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	72.32	51.97	42.14	27.15	37.25	34.43
Net Cash (Debt)	-67.24	-47.67	-38.51	-22.28	-31.49	-29.52
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.34	-0.24	-0.19	-0.11	-0.16	-0.15
Filing Date Shares Outstanding	198.27	198.27	198.27	198.27	198.27	198.27
Total Common Shares Outstanding	198.27	198.27	198.27	198.27	198.27	198.27
Working Capital	22.54	23.68	18.02	20.08	24.52	23.19
Book Value Per Share	0.40	0.41	0.39	0.37	0.36	0.35
Tangible Book Value	79.42	81.2	77.57	74.03	70.8	68.8
Tangible Book Value Per Share	0.40	0.41	0.39	0.37	0.36	0.35
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

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 23, 2026

Data Sources Report a data error