Balance Sheet Gulf Investment House - KPSC

Stocks

GIH

KW0EQ0200760

Investment Management & Fund Operators

End-of-day quote Kuwait S.E. Other stock markets 2026-06-11			5-day change	1st Jan Change
0.5220 ^KWD	+0.97%		+0.38%	-4.04%

May. 22	Gulf Investment House Resumes Trading on Abu Dhabi Bourse	MT
May. 14	Gulf Investment House Resumes Trading on Abu Dhabi Bourse	MT

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Published financial data: GULF INVESTMENT HOUSE - KPSC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	5.14M	8.6M	8.14M	7.99M	8.95M
Gain (Loss) on Sale of Investment, Total (Rev)	7.64M	-604K	-450K	-97.25K	2.01M
Interest And Invest. Income (Rev)	183K	439K	567K	411K	473K
Other Revenues, Total	-1.18M	568K	2.48M	1.2M	1.11M
Total Revenues	11.79M	9M	10.74M	9.5M	12.54M
Cost of Goods Sold, Total	4.47M	7.28M	6.65M	6.27M	6.61M
Gross Profit	7.31M	1.72M	4.09M	3.22M	5.92M
Selling General & Admin Expenses, Total	934K	1.6M	2.04M	2.5M	3.57M
Provision for Bad Debts	7.44K	5.14K	5.77K	150K	131K
Other Operating Expenses	153K	25.35K	45.7K	105K	-47.5K
Other Operating Expenses, Total	1.1M	1.63M	2.09M	2.76M	3.65M
Operating Income	6.22M	86.98K	2M	469K	2.27M
Interest Expense, Total	-	-	-	-95.23K	-490K
Net Interest Expenses	-	-	-	-95.23K	-490K
Currency Exchange Gains (Loss)	-8.03K	-104K	1.88K	-14.18K	-8.02K
Other Non Operating Income (Expenses)	-10.2K	-21.42K	-30.39K	-44.77K	-33.12K
EBT, Excl. Unusual Items	6.2M	-38.2K	1.97M	314K	1.74M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-13.4K	-6.18K	-49.04K	-428K	28.52K
Other Unusual Items	-	1.36M	1.01M	4.56M	182K
EBT, Incl. Unusual Items	6.18M	1.31M	2.93M	4.44M	1.95M
Income Tax Expense	60.9K	22.31K	23.94K	46.64K	39K
Earnings From Continuing Operations	6.12M	1.29M	2.9M	4.4M	1.91M
Net Income to Company	6.12M	1.29M	2.9M	4.4M	1.91M
Minority Interest	-119K	-494K	-405K	-297K	-973K
Net Income - (IS)	6M	795K	2.5M	4.1M	938K
Net Income to Common Incl Extra Items	6M	795K	2.5M	4.1M	938K
Net Income to Common Excl. Extra Items	6M	795K	2.5M	4.1M	938K
Per Share Items
Net EPS - Basic	0.01	0	0.01	0.01	0
Basic EPS - Continuing Operations	0.01	0	0.01	0.01	0
Basic Weighted Average Shares Outstanding	406M	406M	406M	401M	400M
Net EPS - Diluted	0.01	0	0.01	0.01	0
Diluted EPS - Continuing Operations	0.01	0	0.01	0.01	0
Diluted Weighted Average Shares Outstanding	406M	406M	406M	401M	400M
Normalized Basic EPS	0.01	-0	0	-0	0
Normalized Diluted EPS	0.01	-0	0	-0	0
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	6.34M	312K	2.48M	1.36M	3.05M
EBITA	6.22M	86.98K	2M	469K	2.27M
EBIT	6.22M	86.98K	2M	469K	2.27M
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	0.98	1.7	0.82	1.05	2
Normalized Net Income	3.75M	-518K	825K	-101K	114K
Interest on Long-Term Debt	-	-	-	-	101K
Supplemental Operating Expense Items
Selling and Marketing Expenses	555K	872K	716K	857K	1.33M
General and Administrative Expenses	379K	730K	1.32M	1.64M	2.24M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	20.51M	9.16M	8.08M	10.9M	10.56M
Trading Asset Securities, Total	10.71M	17.27M	13.35M	3.46M	10.01M
Total Cash And Short Term Investments	31.22M	26.43M	21.43M	14.36M	20.57M
Accounts Receivable, Total	1.14M	1.45M	1.44M	1.11M	912K
Other Receivables	598K	994K	978K	1.04M	1.18M
Total Receivables	1.74M	2.44M	2.42M	2.15M	2.09M
Inventory	506K	974K	926K	930K	996K
Prepaid Expenses	40.85K	225K	72.19K	133K	205K
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	1M	49.92K	1.31M	3.92M	2.21M
Total Current Assets	34.51M	30.12M	26.16M	21.48M	26.07M
Net Property Plant And Equipment	672K	3.09M	6.04M	6.42M	8.06M
Long-term Investments	15.27M	18.72M	22.7M	35.22M	32.14M
Goodwill	356K	356K	356K	356K	356K
Other Intangibles, Total	622K	608K	591K	561K	541K
Other Long-Term Assets, Total	830K	754K	706K	254K	2.54M
Total Assets	52.26M	53.66M	56.55M	64.3M	69.71M
Liabilities
Accounts Payable, Total	794K	974K	877K	951K	1.87M
Accrued Expenses, Total	-	-	45.7K	105K	-
Current Portion of Long-Term Debt	-	-	-	-	1.04M
Current Portion of Leases	-	-	-	-	427K
Current Income Taxes Payable	-	-	54.32K	80.7K	-
Other Current Liabilities	129K	128K	127K	121K	-
Total Current Liabilities	923K	1.1M	1.1M	1.26M	3.34M
Long-Term Debt	-	-	-	6.9M	5.74M
Long-Term Leases	5.89K	1.57M	2.74M	2.7M	2.34M
Pension & Other Post Retirement Benefits	405K	461K	549K	736K	-
Other Non Current Liabilities	948K	617K	769K	725K	867K
Total Liabilities	2.28M	3.75M	5.16M	12.32M	12.3M
Common Stock, Total	40.65M	40.65M	40.65M	40.65M	40.65M
Retained Earnings	1.65M	2.72M	4.39M	8.31M	9.03M
Treasury Stock	-	-	-1.24M	-5.18M	-1.35M
Comprehensive Income and Other	-172K	-516K	645K	1.32M	1.48M
Total Common Equity	42.13M	42.86M	44.45M	45.1M	49.81M
Minority Interest	7.85M	7.05M	6.94M	6.89M	7.6M
Total Equity	49.98M	49.91M	51.39M	51.98M	57.41M
Total Liabilities And Equity	52.26M	53.66M	56.55M	64.3M	69.71M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	406M	406M	403M	398M	404M
ECS Total Common Shares Outstanding	406M	406M	403M	398M	404M
Book Value / Share	0.1	0.11	0.11	0.11	0.12
Tangible Book Value	41.15M	41.89M	43.5M	44.18M	48.91M
Tangible Book Value Per Share	0.1	0.1	0.11	0.11	0.12
Total Debt	5.89K	1.57M	2.74M	9.6M	9.56M
Net Debt	-31.21M	-24.86M	-18.69M	-4.76M	-11.01M
Minority Interest, Total (Incl. Fin. Div)	7.85M	7.05M	6.94M	6.89M	7.6M
Equity Method Investments, Total	13.95M	17.82M	21.6M	31.79M	25.86M
Account Code - Inventory Valuation	-	3	3	3	6
Accumulated Allowance for Doubtful Accounts (Supple)	200K	205K	77.14K	25.04K	28.27K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	6M	795K	2.5M	4.1M	938K
Depreciation & Amortization - CF	127K	225K	485K	893K	1.19M
Depreciation & Amortization, Total	127K	225K	485K	893K	1.19M
(Gain) Loss From Sale Of Asset	-	-	-	-	1.18K
(Gain) Loss on Sale of Investments - (CF)	-3.8M	292K	1.96M	616K	-771K
Asset Writedown & Restructuring Costs	13.4K	6.18K	49.04K	428K	-28.52K
(Income) Loss On Equity Investments - (CF)	1.33M	-442K	-2.4M	-1.07M	-979K
Provision and Write-off of Bad Debts	7.44K	-	5.77K	150K	131K
Other Operating Activities, Total	113K	-1.16M	-962K	-4.34M	853K
Change in Trading Asset Securities	-2.69M	-6.56M	4.94M	-335K	-6.55M
Change In Accounts Receivable	406K	66.05K	-1.15M	-355K	-554K
Change In Inventories	26.97K	-468K	48.13K	30.52K	-61.3K
Change In Accounts Payable	1.06M	-225K	-876K	2.65M	-89.86K
Change in Other Net Operating Assets	-	-	-	-	-
Cash from Operations	2.59M	-7.47M	4.59M	2.76M	-5.92M
Capital Expenditure	-90.18K	-990K	-2.07M	-1.34M	-2.22M
Cash Acquisitions	-788K	-1.02M	-6.69K	-240K	19.72K
Sale (Purchase) of Real Estate properties	-	-	-	-2.07M	-315K
Investment in Marketable and Equity Securities, Total	8.14M	-2.29M	-2.4M	-318K	4.11M
Other Investing Activities, Total	183K	521K	567K	682K	1.45M
Cash from Investing	7.44M	-3.78M	-3.9M	-3.28M	3.04M
Long-Term Debt Issued, Total	-	-	-	6.9M	707K
Total Debt Issued	-	-	-	6.9M	707K
Long-Term Debt Repaid, Total	-	-94.82K	-222K	-395K	-1.18M
Total Debt Repaid	-	-94.82K	-222K	-395K	-1.18M
Issuance of Common Stock	-	-	-	4.75M	6.8M
Repurchase of Common Stock	-	-	-1.24M	-7.61M	-2.78M
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	178	1.32K	-307K	-302K	-797K
Cash from Financing	178	-93.5K	-1.77M	3.35M	2.75M
Net Change in Cash	10.03M	-11.35M	-1.08M	2.82M	-126K
Supplemental Items
Cash Interest Paid	-	-	-	-	490K
Levered Free Cash Flow	4.7M	-933K	-1.45M	-2.45M	-489K
Unlevered Free Cash Flow	4.7M	-933K	-1.45M	-2.39M	-183K
Change In Net Working Capital	-782K	222K	1.11M	2.24M	565K
Net Debt Issued / Repaid	-	-94.82K	-222K	6.5M	-468K

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	7.93	0.1	2.26	0.48	2.12
Return on Total Capital	8.27	0.11	2.36	0.51	2.21
Return On Equity %	13.04	2.58	5.73	8.5	3.49
Return on Common Equity	15.37	1.87	5.72	9.15	1.98
Margin Analysis
Gross Profit Margin %	62.03	19.11	38.04	33.94	47.25
SG&A Margin	7.93	17.8	18.97	26.32	28.48
EBITDA Margin %	53.82	3.47	23.1	14.34	24.33
EBITA Margin %	52.74	0.97	18.59	4.93	18.11
EBIT Margin %	52.74	0.97	18.59	4.93	18.11
Income From Continuing Operations Margin %	51.95	14.32	27.03	46.27	15.23
Net Income Margin %	50.94	8.83	23.26	43.14	7.48
Net Avail. For Common Margin %	50.94	8.83	23.26	43.14	7.48
Normalized Net Income Margin	31.85	-5.75	7.68	-1.06	0.91
Levered Free Cash Flow Margin	39.91	-10.37	-13.46	-25.8	-3.9
Unlevered Free Cash Flow Margin	39.91	-10.37	-13.46	-25.17	-1.46
Asset Turnover
Asset Turnover	0.24	0.17	0.19	0.16	0.19
Fixed Assets Turnover	16.64	4.78	2.35	1.52	1.73
Receivables Turnover (Average Receivables)	3.81	6.64	5.63	6.26	9.67
Inventory Turnover (Average Inventory)	8.61	9.84	7.01	6.76	6.87
Short Term Liquidity
Current Ratio	37.4	27.34	23.7	17.08	7.8
Quick Ratio	35.72	26.21	21.61	13.12	6.78
Operating Cash Flow to Current Liabilities	2.81	-6.78	4.16	2.19	-1.77
Days Sales Outstanding (Average Receivables)	95.81	54.93	64.82	58.44	37.75
Days Outstanding Inventory (Average Inventory)	42.39	37.09	52.1	54.14	53.16
Average Days Payable Outstanding	51.1	41.63	51.13	53.26	105.33
Cash Conversion Cycle (Average Days)	87.1	50.4	65.79	59.31	-14.42
Long Term Solvency
Total Debt/Equity	0.01	3.14	5.34	18.46	16.65
Total Debt / Total Capital	0.01	3.04	5.07	15.58	14.27
LT Debt/Equity	0.01	3.14	5.34	18.46	14.09
Long-Term Debt / Total Capital	0.01	3.04	5.07	15.58	12.08
Total Liabilities / Total Assets	4.36	6.98	9.13	19.15	17.64
EBIT / Interest Expense	-	-	-	4.92	4.63
EBITDA / Interest Expense	-	-	-	14.3	7.05
(EBITDA - Capex) / Interest Expense	-	-	-	0.23	2.52
Total Debt / EBITDA	0	5.02	1.11	7.05	2.77
Net Debt / EBITDA	-4.92	-79.64	-7.53	-3.5	-3.19
Total Debt / (EBITDA - Capex)	0	-2.31	6.64	447.51	7.75
Net Debt / (EBITDA - Capex)	-4.99	36.66	-45.24	-222.1	-8.93
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	224.75	-23.62	19.31	-11.56	32
Gross Profit, 1 Yr. Growth %	920.16	-76.47	137.54	-21.09	83.75
EBITDA, 1 Yr. Growth %	3.64K	-95.08	694.84	-45.13	201.34
EBITA, 1 Yr. Growth %	13.94K	-98.6	2.2K	-76.53	384.49
EBIT, 1 Yr. Growth %	13.94K	-98.6	2.2K	-76.53	384.49
Earnings From Cont. Operations, 1 Yr. Growth %	3.14K	-78.95	125.23	51.41	-56.54
Net Income, 1 Yr. Growth %	-2.99K	-86.76	214.37	64.03	-77.12
Normalized Net Income, 1 Yr. Growth %	-1.11K	-113.8	-259.33	-112.21	-213.25
Diluted EPS Before Extra, 1 Yr. Growth %	-3K	-86.77	215.25	66.04	-77.08
Accounts Receivable, 1 Yr. Growth %	-26.96	27.04	-0.36	-23.26	-2.82
Inventory, 1 Yr. Growth %	-5.06	92.43	-4.94	0.49	7.07
Net Property, Plant and Equip., 1 Yr. Growth %	-9.84	360.77	95.21	6.28	25.56
Total Assets, 1 Yr. Growth %	14.2	2.67	5.4	13.69	8.41
Tangible Book Value, 1 Yr. Growth %	17.41	1.81	3.84	1.56	10.7
Common Equity, 1 Yr. Growth %	17.03	1.73	3.71	1.46	10.44
Cash From Operations, 1 Yr. Growth %	-176.84	-388.12	-161.43	-39.88	-350.39
Capital Expenditures, 1 Yr. Growth %	-10.35	998.22	108.85	-35.21	134.77
Levered Free Cash Flow, 1 Yr. Growth %	-272.82	-119.84	67.28	69.5	-165.77
Unlevered Free Cash Flow, 1 Yr. Growth %	-272.82	-119.84	67.28	65.38	-122.74
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	195.63	57.5	-4.54	2.72	8.05
Gross Profit, 2 Yr. CAGR %	439.97	54.92	-25.24	36.91	20.42
EBITDA, 2 Yr. CAGR %	1.54K	35.71	-37.45	108.84	10.87
EBITA, 2 Yr. CAGR %	4.09K	40.19	-43.32	132.1	6.64
EBIT, 2 Yr. CAGR %	4.09K	40.19	-43.32	132.1	6.64
Earnings From Cont. Operations, 2 Yr. CAGR %	418.11	161.27	-31.15	84.67	-18.88
Net Income, 2 Yr. CAGR %	422.66	95.6	-35.49	127.08	-38.74
Normalized Net Income, 2 Yr. CAGR %	2.15K	18.11	-53.11	-55.9	-62.82
Diluted EPS Before Extra, 2 Yr. CAGR %	422.95	95.74	-35.42	128.79	-38.31
Accounts Receivable, 2 Yr. CAGR %	49.07	-3.67	12.51	-12.56	-20.5
Inventory, 2 Yr. CAGR %	43.8	35.17	35.25	-2.26	3.73
Net Property, Plant and Equip., 2 Yr. CAGR %	130.2	103.82	199.91	44.04	15.52
Total Assets, 2 Yr. CAGR %	7.55	8.29	4.03	9.47	11.02
Tangible Book Value, 2 Yr. CAGR %	6.64	9.33	2.82	2.69	6.03
Common Equity, 2 Yr. CAGR %	7.9	9.12	2.72	2.58	5.85
Cash From Operations, 2 Yr. CAGR %	34.64	48.79	33.03	-39.23	13.6
Capital Expenditures, 2 Yr. CAGR %	93.42	213.77	378.91	16.33	3.66
Levered Free Cash Flow, 2 Yr. CAGR %	214.23	-41.44	-44.56	68.39	-41.82
Unlevered Free Cash Flow, 2 Yr. CAGR %	214.23	-41.44	-44.56	66.33	-64.45
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	84.14	88.29	43.58	-6.94	11.68
Gross Profit, 3 Yr. CAGR %	48.2	90.01	78.64	-23.88	51.02
EBITDA, 3 Yr. CAGR %	38.6	136.85	144.62	-40.12	113.78
EBITA, 3 Yr. CAGR %	37.65	190.58	255.98	-57.75	196.63
EBIT, 3 Yr. CAGR %	37.65	190.58	255.98	-57.75	196.63
Earnings From Cont. Operations, 3 Yr. CAGR %	-22.31	78.11	148.66	-10.46	14.01
Net Income, 3 Yr. CAGR %	-22.84	53.49	129.12	-11.95	5.67
Normalized Net Income, 3 Yr. CAGR %	36.35	312.24	30.51	-70.06	-39.61
Diluted EPS Before Extra, 3 Yr. CAGR %	-58.79	53.52	129.44	-11.52	6.25
Accounts Receivable, 3 Yr. CAGR %	-	41.34	-2.58	-0.96	-14.29
Inventory, 3 Yr. CAGR %	-	58.46	20.2	22.5	0.75
Net Property, Plant and Equip., 3 Yr. CAGR %	373.58	190.11	100.91	112.24	37.6
Total Assets, 3 Yr. CAGR %	11.65	5.9	7.32	7.16	9.12
Tangible Book Value, 3 Yr. CAGR %	4.09	5.01	7.47	2.4	5.3
Common Equity, 3 Yr. CAGR %	4.91	5.81	7.28	2.3	5.14
Cash From Operations, 3 Yr. CAGR %	52.26	73.5	10.79	2.09	-7.45
Capital Expenditures, 3 Yr. CAGR %	-	245.06	173.96	145.86	30.92
Levered Free Cash Flow, 3 Yr. CAGR %	78.25	25.13	-19.01	-19.54	-17.27
Unlevered Free Cash Flow, 3 Yr. CAGR %	78.25	25.13	-19.01	-20.19	-40.42
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	47.57	36.83	41.59	47.76	28.14
Gross Profit, 5 Yr. CAGR %	156.68	105.65	12.71	66.66	52.57
EBITDA, 5 Yr. CAGR %	84.44	21.48	0.82	125.22	78.25
EBITA, 5 Yr. CAGR %	83.56	-6.09	-3.48	165.6	119.8
EBIT, 5 Yr. CAGR %	83.56	-6.09	-3.48	165.6	119.8
Earnings From Cont. Operations, 5 Yr. CAGR %	29.49	12.35	-25.98	80.71	58.86
Net Income, 5 Yr. CAGR %	28.89	2.22	-28.17	79.52	35.18
Normalized Net Income, 5 Yr. CAGR %	81.56	47.82	-11.03	68.61	-21.02
Diluted EPS Before Extra, 5 Yr. CAGR %	-11.81	-30.07	-50.68	80.09	35.67
Accounts Receivable, 5 Yr. CAGR %	-	-	-	16.64	-10.19
Inventory, 5 Yr. CAGR %	-	-	-	30.61	13.32
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	294.49	119.25	61.01
Total Assets, 5 Yr. CAGR %	2.74	3.58	8.54	7.31	8.78
Tangible Book Value, 5 Yr. CAGR %	34.24	38.93	3.58	4.07	6.89
Common Equity, 5 Yr. CAGR %	34.88	39.56	4.03	4.5	6.71
Cash From Operations, 5 Yr. CAGR %	40.34	64.8	44.26	14.04	11.91
Capital Expenditures, 5 Yr. CAGR %	-	-	-	123.36	85.71
Levered Free Cash Flow, 5 Yr. CAGR %	62.88	18.07	11.72	38.76	-29.05
Unlevered Free Cash Flow, 5 Yr. CAGR %	62.88	18.07	11.72	38.08	-41.74