KWSE:SHIP 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	3.94	4.31	3.63	4.87	5.76	4.91
Cash & Short-Term Investments	3.94	4.31	3.63	4.87	5.76	4.91
Cash Growth	-40.13%	18.54%	-25.35%	-15.52%	17.35%	11.12%
Accounts Receivable	139.57	117.54	98.67	81.93	87.12	77.3
Other Receivables	-	0.54	0.52	0.18	0.21	0.26
Receivables	139.57	118.08	99.19	82.12	87.33	77.56
Inventory	29.06	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	172.56	153.22	123.21	106.39	106.67	95.94
Property, Plant & Equipment	82.04	81.41	78.37	74.3	64.26	57.53
Long-Term Investments	1.95	1.78	1.61	1.74	1.93	2.04
Long-Term Accounts Receivable	3.11	2.88	1.43	1.41	3.73	12.16
Total Assets	259.66	239.29	204.61	183.84	176.59	167.66
Accounts Payable	89.45	13.11	9.25	6.5	47.69	7.26
Accrued Expenses	-	7.75	6.88	6.88	-	7.19
Short-Term Debt	62.28	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	0.85	0.86	0.86	0.1	0.12
Current Income Taxes Payable	-	0.57	0.3	0.36	-	-
Current Unearned Revenue	0.22	0.47	1.84	0.27	0.21	0.22
Other Current Liabilities	-	61.91	47.01	47.04	-	30.75
Total Current Liabilities	152.8	129.54	105.19	86.31	82.15	72.75
Long-Term Debt	3.9	4.32	1.9	0.96	2.73	6.78
Long-Term Leases	1.82	1.93	0.34	0.91	0.27	0.31
Pension & Post-Retirement Benefits	22.26	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	181.64	158.08	127.04	109.81	105.79	98.86
Common Stock	18.02	18.02	18.02	18.02	18.02	18.02
Retained Earnings	57.38	62.59	59.08	55.42	52	49.89
Treasury Stock	-0	-0	-	-	-	-
Comprehensive Income & Other	0.8	0.59	0.46	0.59	0.78	0.89
Total Common Equity	78.01	81.2	77.57	74.03	70.8	68.8
Minority Interest	0.01	0.01	0.01	0	0	0
Shareholders' Equity	78.02	81.21	77.57	74.03	70.8	68.81
Total Liabilities & Equity	259.66	239.29	204.61	183.84	176.59	167.66
Total Debt	68.86	51.97	42.14	27.15	37.25	34.43
Net Cash (Debt)	-64.93	-47.67	-38.51	-22.28	-31.49	-29.52
Net Cash Per Share	-0.33	-0.24	-0.19	-0.11	-0.16	-0.15
Filing Date Shares Outstanding	180.3	198.27	198.27	198.27	198.27	198.27
Total Common Shares Outstanding	180.3	198.27	198.27	198.27	198.27	198.27
Working Capital	19.76	23.68	18.02	20.08	24.52	23.19
Book Value Per Share	0.43	0.41	0.39	0.37	0.36	0.35
Tangible Book Value	78.01	81.2	77.57	74.03	70.8	68.8
Tangible Book Value Per Share	0.43	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