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
31 slides from Heavy Engineering Industries & Shipbuilding Co. (ksc)'s earnings presentation, May 21, 2026
Slide 1: Supplementary Disclosure Cover Letter to Boursa Kuwait
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Slide 2: Supplementary Disclosure Form
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Slide 3: Analyst Conference Transcript for the Financial Results 1st Quarter 2026
ANALYST CONFERENCE TRANSCRIPT FOR THE FINANCIAL RESULTS for 1st Quarter 2026 Monday 18/5/2026 HEISCO Participations: Mr. Abdulrazzaq Alothman &RUSRUDWH'LUHFWRU*HQHUDO$ӽDLUV Mr. Joseph Mathew &KLHI)LQDQFLDO2ԀFHU Mr. Waleed Attiya Corporate Director - Project Controls Mr. Ahmed Jenada ,QYHVWRU$ӽDLUV8Q
Slide 4: Transcript: Introduction and Business Overview
Zeina Fares: Good Afternoon,ladies & gentlemen.This is Zeina Fares from EFG Hermes Research speaking, and I’d like to welcome you all to HEISCO’s 1Q-2026 Results Conference Call.So with us on the line today, we have Mr.Abdulrazzaq Abdulqader - Corporate Director of General Affairs,Mr.Waleed $WWL\D&R
Slide 5: Transcript: Q1 Financial Results Review
Joseph Mathew: Thank you,Mr.Waleed,and Good Afternoon,Everyone.We appreciate you all joining us today,and ,¶PSOHDVHGWRWDNH\RXWKURXJKRXU4¿QDQFLDOUHVXOWVDQGSURYLGHWKHRXWORRNIRUWKHUHVW RI WKLV ¿QDQFLDO \HDU%HIRUH ZH EHJLQSOHDVH QRWH WKDW WRGD\¶V GLVFXVVLRQ ZLOO LQFOXGH IRUZDUG ORRNLQJVWDWHPHQWVZKLFKUHÀ
Slide 6: Transcript: Liquidity and Revenue by Business Vertical
Trade payables are largely short term and are offset in subsequent months underpinned by cash collections from last quarter billings.Borrowings, the increase in borrowing was primarily due to higher EDQNRYHUGUDIWVDQGSURPLVVRU\QRWHVUHÀHFWLQJVKRUWWHUPIXQGLQJUHTXLUHPHQWVLQ6DXGL$UDELD DQG.XZDLW7KHVHERUU
Slide 7: Transcript: Tender Pipeline and Outlook
0RUHRYHUWKHFRPSDQ\LVDFWLYHO\HYDOXDWLQJWHQGHUVYDOXHGDWDURXQG.:'PLOOLRQUHÀHFWLQJD robust pipeline for future opportunities.These initiatives position us well for continued expansion and UHYHQXHYLVLELOLW\7KHRQJRLQJFRQÀLFWLQWKH0LGGOH(DVWKDVDGYHUVHO\LPSDFWHGRYHUDOOSHUIRUPDQFH GXULQJWKHTXDUWHUDVUHÀHFWHGDF
Slide 8: Transcript: Q&A on Saudi Branch and Growth
Zeina Fares: I think we can’t hear you anymore.I think you’ve gone on mute.We can hear you again,yes. Waleed Attiya: Can you hear me ? Zeina Fares: Yes. Waleed Attiya: Yes.I don’t know up to where you heard me,but I was explaining that our branch in Saudi has a PDMRUFRQWULEXWLRQLQWKHFRPSDQ\UHYHQXH,W
Slide 9: Transcript: Q&A on Regional Conflict Impact
Zeina Fares: 2ND\7KHQH[WTXHVWLRQKHKDVLVWKHLPSDFWRIUHJLRQDOFRQÀLFWRQ\RXU¿QDQFLDOV" Joseph Mathew: 5HJLRQDOFRQÀLFWRQ¿QDQFLDOVZLOOGHSHQGRQKRZORQJWKLVFRQÀLFWFDQJRRQ1RRQHFDQJLYHD¿UP or generic guidance on this. It is just a general outline we can give, which I have already explained ZKHQ,ZDVGRLQJWKH¿QDQF
Slide 10: Transcript: Supply Chain Disruption and Mitigation
These challenges have impacted the following points.These challenges have impacted the project schedules,availability of materials for operations, the inventory replenishment cycles, the procurement lead times for strategic materials. Furthermore, several suppliers and freight forwarders have alread
Slide 11: Transcript: Q&A on Operations and Cost Escalation
Zeina Fares: Yes. Question from Anas. Joseph Mathew: No.I mean the question is not clear.Is he asking that is 2026 Q1 a better quarter than 2025? Waleed Attiya: Things improved in terms of... Joseph Mathew: Okay.The question is how things improved in terms of overall operation in 2026 compared to Ma
Slide 12: Transcript: Closing Remarks
Waleed Attiya: Okay.Thank you, everyone, for your contribution and looking forward to meet you again in the VHFRQGTXDUWHU+RSHIXOO\WKHVHFRQGTXDUWHUZLOOEHEHWWHUWKDQ¿UVWTXDUWHU7KDQN\RXVRPXFK Zeina Fares: Thank you, management for your time. Thank you to everyone who attended today’s call. This conclude
Slide 13: 3M - 2026 Virtual Summit
(AsLe) Sipgt Cpaaut! olin g ALE Arurighh be Lind! aS pds HEAVY ENGINEERING INDUSTRIES & SHIPBUILDING CO. K.S.C.(Public) HEISCO 3M - 2026 | INVESTOR PRESENTATION
Slide 14: 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 15: 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 16: 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 17: 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 18: HEISCO's Strategy
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 19: HEISCO's Strategy: Business Updates and Regional Expansion
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 20: HEISCO's Strategy: Saudi Approvals and Initiatives
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 21: HEISCO's Strategy: India Hub and Other Market Approvals
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 22: Performance Highlights - Consolidated
PERFORMANCE E HIGHLIGHTS S - CONSOLIDATED D 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.
Slide 23: 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 24: 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 25: 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 26: Financial Overview - 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 27: Consolidated Statement of Financial Position
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 28: Consolidated Statement of Financial Position
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.
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Slide 30: Thank You
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Slide 31: HEISCO Contact Details