United Projects Company For Aviation Services K.S.C.P. (KWSE:UPAC)

KWSE:UPAC 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	7.39	8.83	9.66	6.72	4.47	4.39
Cash & Short-Term Investments	7.39	8.83	9.66	6.72	4.47	4.39
Cash Growth	-33.04%	-8.57%	43.86%	50.16%	1.98%	141.88%
Accounts Receivable	1.23	0.03	0.64	0.78	1.91	1.91
Other Receivables	-	0.87	0.9	1.01	0.35	0.3
Receivables	1.23	0.9	1.55	1.79	2.26	2.21
Prepaid Expenses	-	0.04	0.07	0.11	0.18	0.18
Other Current Assets	-	0.27	0.28	0.21	0.21	-
Total Current Assets	8.62	10.04	11.55	8.82	7.13	6.77
Property, Plant & Equipment	0.07	0.01	0.01	0	0.01	0.03
Long-Term Investments	-	-	-	1.94	3.68	4.9
Other Intangible Assets	21.82	22.18	22.75	0.08	1.32	3.17
Total Assets	251.03	252.74	282.84	226.08	193.62	167.35

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	4.81	5.51	6.68	5.2	8.71	3.49
Short-Term Debt	116.79	116.79	144.8	111.51	-	-
Current Portion of Leases	-	-	-	0.81	-	-
Current Unearned Revenue	-	-	-	-	-	2.89
Other Current Liabilities	2.05	2.05	1.54	0.98	78.87	17.99
Total Current Liabilities	123.66	124.35	153.03	118.5	87.58	24.37
Long-Term Debt	-	-	-	-	-	33.64
Long-Term Leases	-	-	-	0.81	-	-
Long-Term Unearned Revenue	-	-	-	-	-	0.28
Pension & Post-Retirement Benefits	0.69	0.69	0.77	0.86	0.75	0.65
Other Long-Term Liabilities	21.8	21.9	22.24	-	0.91	5.51
Total Liabilities	146.15	146.94	176.04	120.16	89.23	64.44

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	38.25	38.25	38.25	38.25	38.25	38.25
Additional Paid-In Capital	48.61	48.61	48.61	48.61	48.61	48.61
Retained Earnings	18.41	19.21	20.41	19.45	17.92	17.29
Treasury Stock	-1.54	-1.54	-1.54	-1.54	-1.54	-1.54
Comprehensive Income & Other	-0.2	-0.06	-0.06	0.08	0.17	-0.62
Total Common Equity	103.52	104.46	105.66	104.84	103.4	101.98
Minority Interest	1.35	1.34	1.14	1.07	0.99	0.93
Shareholders' Equity	104.87	105.8	106.8	105.92	104.39	102.9
Total Liabilities & Equity	251.03	252.74	282.84	226.08	193.62	167.35

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	116.79	116.79	144.8	113.12	-	33.64
Net Cash (Debt)	-109.4	-107.96	-135.14	-106.41	4.47	-29.25
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.29	-0.29	-0.36	-0.28	0.01	-0.08
Filing Date Shares Outstanding	375.82	377.68	377.68	377.68	377.68	377.68
Total Common Shares Outstanding	375.82	377.68	377.68	377.68	377.68	377.68
Working Capital	-115.04	-114.31	-141.47	-109.67	-80.45	-17.6
Book Value Per Share	0.28	0.28	0.28	0.28	0.27	0.27
Tangible Book Value	81.7	82.29	82.91	104.76	102.08	98.81
Tangible Book Value Per Share	0.22	0.22	0.22	0.28	0.27	0.26

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 7, 2026

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