Heavy Engineering Industries & Shipbuilding Co. (ksc) · KSE:SHIP
Heavy Engineering Industries & Shipbuilding Co. (ksc) — 9M 2025 Earnings Presentation
21 slides from Heavy Engineering Industries & Shipbuilding Co. (ksc)'s earnings presentation, Nov 12, 2025
Slide 1: Disclosure of material information: Analyst conference Q3 2025
(AoLe) Hea.ga Cpanad | sling abLaas| Aw ig!) Gbe Liual! AS pct Heavy Engineering Industries & Shipbuilding Co. k.s.c (Public) Date:12' November 2025 Reference: CM/AR/112/2025 To: Boursa Kuwait Greetings, Subject: Disclosure of material information Analyst conference 34 quarter for the financial year
Slide 2: Material Disclosure Form
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Slide 3: 9M/Q3-2025 Investor Presentation
(Ake) tpt Cpauutl lis g ABI Arwrigh Cle Linall aS pc HEAVY ENGINEERING INDUSTRIES & SHIPBUILDING CO. K.S.C (Public) HEISCO 9M/Q3-2025 | ———— INVESTOR PRESENTATIO
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’s key activities and strategic initiatives. HEISCO, as a group, achieved significant milestones in revenue growth, project execution, and operational efficiency, positioning us for continued success in the coming quarters. Qua
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, and Iraq, focusing on Civil, Mechanical, Electrical, and Instrumentation Quality Construction, maintenance as well as Fabrication services withi
Slide 10: HEISCO's Strategy
HEISCO’s Strategy ▪ Expansion of New Fabrication Facility in Saudi Arabia: HEISCO is in the final stage of acquiring Gulf Sky Factory (GSF) in Saudi Arabia to strengthen its fabrication capabilities and broaden its operational footprint in the region. The Saudi Electricity Company (SEC) conducted a
Slide 11: HEISCO's Strategy
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 expanding
Slide 12: Performance Highlights - Consolidated
PERFORMANCE HIGHLIGHTS - CONSOLIDATED KD’ Million EPS in Fils REVENUE NET PROFIT EBITDA EPS Y ↑42% ↑10% ↑17% ↑10% o 148.44 5.65 12.26 31.38 Y 104.60 5.13 10.50 28.50 Q ↑41% ↑4% ↑11% ↑4% o 54.41 1.69 3.89 9.42 Q 38.66 1.63 3.51 9.08 ASSETS EQUITY LIABILITIES BORROWINGS ↑12% ↓-1% ↑20% ↑ 14 % 229.89 9M
Slide 13: Breakdown of Revenue by Business Line - Consolidated
BREAKDOWN OF REVENUE BY BUSINESS LINE - CONSOLIDATED KD ’000 BUSINESS LINE 9M 2025 9M 2024 % Change BUSINESS LINE YoY INDUSTRIAL, OIL & GAS 131,731 85,401 54.25% OFFSHORE SHIPYARD SHIPYARD 6,796 6,154 10.43% INDUSTRIAL, OIL & GAS OFFSHORE 9,915 13,055 -24.05% 0 50,000 100,000 150,000 TOTAL REVENUE 1
Slide 14: Common Size Analysis - Statement of Income - Consolidated
COMMON SIZE ANALYSIS-STATEMENT OF INCOME - CONSOLIDATED 9M-25 9M-24 9M-25 9M-24 Q3-25 Q3-24 Q3-25 Q3-24 Revenue 148,441,328 104,609,550 100.00% 100.00% 54,419,921 38,666,654 100.00% 100.00% Cost of sales (136,764,931) (95,611,685) -92.13% -91.40% (50,822,949) (35,857,671) -93.39% -92.74% Gross Profi
Slide 15: Ratio Analysis - Consolidated
RATIO ANALYSIS - CONSOLIDATED Financial Overview-Ratio Analysis PROFITABILITY 9M -2025 9M-2024 CHANGE FY-24 Gross Profit % 7.87% 8.60% ↓-0.74% 9.44% EBIT % 5.20% 6.31% ↓-1.11% 7.02% EBITDA % 8.26% 10.04% ↓-1.78% 10.15% Net Profit % 3.81% 4.91% ↓-1.10% 5.56% ROA 2.55% 2.59% ↓-0.4% 4.67% ROE 7.34% 6.9
Slide 16: Financial Position / Cash Flow - Consolidated
FINANCIAL POSITION / CASH FLOW - CONSOLIDATED Consolidated Statement of Financial Position - 30 Sep 2025 Consolidated Statement of Cash Flow - 30 Sep 2025 Kuwaiti Dinars Kuwaiti Dinars 9M - 25 FY-24 9M - 25 9M-24 NON-CURRENT ASSETS 85,922,215 81,401,016 PROFIT BEFORE CONTRIBUTION TO BOD REMUNERATION
Slide 17: Common Size Analysis - Statement of Financial Position - Consolidated
COMMON SIZE ANALYSIS - STATEMENT OF FINANCIAL POSITION - CONSOLIDATED ASSETS 9M-2025 FY-2024 9M-2025 FY-2024 Non-Current Assets Right–of-use-assets 3,070,265 1,295,654 1.34% 0.63% Property, plant and equipment 78,442,110 77,072,929 34.12% 37.67% Investment securities 1,762,982 1,605,511 0.77% 0.78%
Slide 18: Common Size Analysis - Statement of Financial Position - Consolidated
COMMON SIZE ANALYSIS - STATEMENT OF FINANCIAL POSITION - CONSOLIDATED EQUITY AND LIABILITIES 9M-2025 FY-2024 9M-2025 FY-2024 Equity Share Capital 18,024,152 18,024,152 7.84% 8.81% Statutory reserve 10,946,089 10,946,089 4.76% 5.35% General reserve 11,739,170 11,739,170 5.11% 5.74% Foreign currency t
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Slide 20: Thank You
Thank YOU 18
Slide 21: HEISCO contact details