Heavy Engineering Industries & Shipbuilding Co. (ksc) · KSE:SHIP
Heavy Engineering Industries & Shipbuilding Co. (ksc) — Heavy Engineering Industries & Shipbuilding Co. K.S.C. (Public) (HEISCO) — Q1 2026 Earnings Presentation
21 slides from Heavy Engineering Industries & Shipbuilding Co. (ksc)'s earnings presentation, May 18, 2026
Slide 1: Boursa Kuwait disclosure letter: Analyst conference Q1 2026
(Aale) acs (paul ebing ALA Aeurigh) Ske ical! aS pt Heavy Engineering Industries & Shipbuilding Co. K.s.c (Public) HEISCO Date:18" May 2026 2026 gle 18 > etal Reference: CM/AR/053/2026 CM/AR/053/2026 : 5)\3) To: Boursa Kuwait aayenall cag8) Lie gs ASS / Salud! Greetings, coc deug Aub dass Subject; D
Slide 2: Material Disclosure Form
AA sail Glasleall os claly! cigs Material Disclosure Form Date 18" May 2026 2026 pis 18 ion) Heavy Engineering Industries | gi. dua) ducigll clclinall gd) | : Nameofthe | « ShipbuildingCo. KSC. | 2 eset listed company (Public) Jule (ea. o5) oda) The Analyst conference was held on 18/5/2026 at) aut e
Slide 3: 3M - 2026 Investor Presentation
(AeLe) Sa. (ptt | slisg ALi! An wig ht Sle Linal! 4S di HEAVY ENGINEERING INDUSTRIES & SHIPBUILDING CO. K.S.C.(Public) HEISCO 3M - 2026 | INVESTOR PRESENTATION
Slide 4: Agenda
Agenda Page 1 Disclaimer 3 2 Vision & Mission 4 3 About HEISCO 5 4 HEISCO’s Strategy 6 5 Performance Highlights 10 6 Financial Overview 11 7 Appendix 15 8 Q&A 18 2
Slide 5: Disclaimer
Disclaimer FORWARD - LOOKING STATEMENTS This information set out in this presentation and provided in the discussion subsequent thereto does not constitute an offer or solicitation of an offer to buy or sell securities. It is solely for use as an investor presentation and is provided as information
Slide 6: HEISCO's Vision and Mission
HEISCO’s Vision To become the customers’ first preferred Company for Shipbuilding, Ship Repair & Maintenance, Fabrication, Oil & Gas Construction, Civil Works, Industrial Maintenance, Dredging and Offshore services in Kuwait and other Middle East and North African regions. HEISCO’s Mission HEISCO ai
Slide 7: About HEISCO
About HEISCO HEISCO is a dynamic group of companies committed to maintaining sustained growth by meeting its customers' schedules and quality requirements. HEISCO provides its customers value-added services at competitive prices by evolving efficient cost- control measures and regularly upgrading ou
Slide 8: HEISCO's Strategy: Introduction
HEISCO’s Strategy Introduction This report provides an overview of HEISCO Group’s key activities, including business updates, upcoming projects, and company strategic initiatives. HEISCO, as a group, achieved significant milestones in revenue growth, project execution, and operational Quality effici
Slide 9: HEISCO's Strategy: Business Updates
HEISCO’s Strategy Business Updates Regional Expansion Strategy HEISCO strives to expand into key markets across Kuwait, Saudi Arabia, Qatar, Oman, Bahrain, Iraq and India focusing on Civil, Mechanical, Electrical, and Instrumentation Quality Construction, maintenance, Engineering as well as Fabricat
Slide 10: HEISCO's Strategy: Saudi Energy approvals
The Saudi Energy (SE) approvals: SE has granted HEISCO Pre- Qualification approvals for HEISCO’s Strategy the supply, installation, maintenance, and repair of heat exchangers following a successful technical evaluation and facility inspection in Saudi Arabia and Kuwait. In addition, HEISCO has rec
Slide 11: HEISCO's Strategy: India hub and other markets
HEISCO’s Strategy Engineering Hub in India: HEISCO established a subsidiary, “HEISCO Engineering India Pvt. Ltd.” in India headquartered in Chennai to strengthen the company’s EPC capabilities and delivering high-quality engineering solutions across multiple industries while supporting its expandi
Slide 12: Performance Highlights - Consolidated
PERFORMANCE HIGHLIGHTS - CONSOLIDATED KD’ Million EPS in Fils REVENUE NET PROFIT EBITDA EPS љ-8% љ-31% љ-8% љ-31% 43.36 3M-2026 1.10 3M-2026 3.52 3M-2026 6.13 3M-2026 47.11 3M-2025 1.61 3M-2025 3.87 3M-2025 8.94 3M-2025 ASSETS EQUITY LIABILITIES BORROWINGS ј9% љ-8% ј15% ј35% 259.65 3M-2026 78.02 3M-
Slide 13: Financial Overview - Revenue by Business Line
FINANCIAL OVERVIEW - REVENUE BY BUSINESS LINE KD ’000 BUSINESS LINE 3M 2026 3M 2025 % Change BUSINESS LINE QoQ INDUSTRIAL, OIL & GAS 38,456 41,624 -7.61% OFFSHORE SHIPYARD SHIPYARD 2,347 1,926 21.88% INDUSTRIAL, OIL & GAS OFFSHORE 2,566 3,565 -28.02% 0 20,000 40,000 3M 2025 3M 2026 TOTAL REVENUE 43,
Slide 14: Financial Overview - Statement of Income
FINANCIAL OVERVIEW - STATEMENT OF INCOME 3M-26 3M-25 3M-26 3M-25 Revenue 43,369,277 47,114,483 100.00% 100.00% Cost of sales (41,166,341) (43,145,304) -94.92% -91.58% Gross Profit 2,202,936 3,969,179 5.08% 8.42% Other operating income 1,203,143 108,785 2.77% 0.23% General and administrative expenses
Slide 15: Financial Overview - Ratio Analysis
FINANCIAL OVERVIEW - RATIO ANALYSIS KEY RATIOS - 3M 2026 PROFITABILITY 3M -26 3M-25 CHANGE FY-25 Gross Profit % 5.08% 8.42% љ;ϯ͘ϯϰͿй 8.97% EBIT % 4.22% 4.85% љ;Ϭ͘ϲϯͿй 6.24% EBITDA % 8.13% 8.12% јϬ͘Ϭϭй 9.40% Net Profit % 2.55% 3.42% љ;Ϭ͘ϴϳͿй 4.77% ROA 0.46% 0.78% љ;Ϭ͘ϯϮͿй 4.42% ROE 1.42% 2.03% љ;Ϭ͘ϲϭ
Slide 16: Financial Position / Cash Flow
FINANCIAL OVERVIEW - FINANCIAL POSITION / CASH FLOW Consolidated Statement of Financial Position - 31 Mar 2026 Consolidated Statement of Cash Flow - 31 Mar 2026 Kuwaiti Dinars Kuwaiti Dinars 3M - 26 FY-25 3M - 26 3M - 25 NON-CURRENT ASSETS 87,096,008 86,070,227 PROFIT BEFORE CONTRIBUTION TO BOD REMU
Slide 17: Consolidated Statement of Financial Position (Assets)
CONSOLIDATED STATEMENT OF FINANCIAL POSITION ASSETS 3M-2026 FY-2025 3M-2026 FY-2025 Non-Current Assets Right–of-use-assets 2,651,209 2,856,690 1.02% 1.19% Property, plant and equipment 79,386,717 78,554,936 30.57% 32.83% Investment securities 1,951,260 1,776,673 0.75% 0.74% Trade and other receivabl
Slide 18: Consolidated Statement of Financial Position (Equity and Liabilities)
CONSOLIDATED STATEMENT OF FINANCIAL POSITION EQUITY AND LIABILITIES 3M-2026 FY-2025 3M-2026 FY-2025 Equity Share Capital 18,024,152 18,024,152 6.94% 7.53% Bonus share pending allocation 1,802,415 0.00% 0.00% Statutory reserve 10,946,089 10,946,089 4.22% 4.57% General reserve 12,789,976 12,789,976 4.
Slide 19: Q&A
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Slide 20: Thank You
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Slide 21: HEISCO contact details