CREDIT RATING AND COLLECTION COMPANY K.S.C. (PUBLIC)

Income Statement Credit Rating And Collection Company K.S.C. (Public)

Stocks

TAHSSILAT

KW0EQ0601850

Corporate Financial Services

End-of-day quote Kuwait S.E. Other stock markets 2026-07-16			5-day change	1st Jan Change
0.1440 ^KWD	-0.69%		-2.70%	-8.86%

05-14	Credit rating and collection qtrly net loss 41,684 dinars	RE
05-12	Credit Rating and Collection Company K.S.C. Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

7161ce5a5bac4f400948ed1.tpTVA6V_Qr0kQkUF3-gASwbFyHZyX5YjALoISgU8mlE.gfOHdOxJDu51FgxViJ1HD0etkRUdNvQROfV7C0JpzzXOuZ1B_xV760AdNg

Published financial data: CREDIT RATING AND COLLECTION COMPANY K.S.C. (PUBLIC)

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	317K	275K	248K	255K	270K
Interest And Invest. Income (Rev)	90.52K	-40.39K	46.92K	35.93K	63.85K
Other Revenues, Total	69.25K	32.67K	5.86K	777	359
Total Revenues	477K	267K	301K	292K	334K
Gross Profit	477K	267K	301K	292K	334K
Selling General & Admin Expenses, Total	618K	457K	436K	424K	368K
Provision for Bad Debts	-	-	-	1.6K	1.04K
Depreciation & Amortization - (IS)	1.01K	737	256	137	640
Other Operating Expenses	-	-	-163K	-	-
Other Operating Expenses, Total	619K	457K	273K	426K	370K
Operating Income	-142K	-190K	27.85K	-134K	-35.7K
EBT, Excl. Unusual Items	-142K	-190K	27.85K	-134K	-35.7K
Asset Writedown	209K	276K	24.24K	50.9K	82.54K
EBT, Incl. Unusual Items	66.42K	85.62K	52.09K	-83.08K	46.84K
Income Tax Expense	-	-	730	-	-
Earnings From Continuing Operations	66.42K	85.62K	51.36K	-83.08K	46.84K
Net Income to Company	66.42K	85.62K	51.36K	-83.08K	46.84K
Minority Interest	-2.94K	-3.81K	-1.23K	-2.02K	-1.95K
Net Income - (IS)	63.48K	81.81K	50.12K	-85.1K	44.9K
Net Income to Common Incl Extra Items	63.48K	81.81K	50.12K	-85.1K	44.9K
Net Income to Common Excl. Extra Items	63.48K	81.81K	50.12K	-85.1K	44.9K
Per Share Items
Net EPS - Basic	0	0	0	-0	0
Basic EPS - Continuing Operations	0	0	0	-0	0
Basic Weighted Average Shares Outstanding	165M	165M	165M	165M	165M
Net EPS - Diluted	0	0	0	-0	0
Diluted EPS - Continuing Operations	0	0	0	-0	0
Diluted Weighted Average Shares Outstanding	165M	165M	165M	165M	165M
Normalized Basic EPS	-0	-0	0	-0	-0
Normalized Diluted EPS	-0	-0	0	-0	-0
Supplemental Items
EBITDA	-141K	-190K	28.11K	-134K	-35.06K
EBITA	-142K	-190K	27.85K	-134K	-35.7K
EBIT	-142K	-190K	27.85K	-134K	-35.7K
EBITDAR	-63.69K	-154K	62.89K	-115K	-16.82K
Total Revenues (As Reported)	686K	543K	490K	342K	417K
Effective Tax Rate - (Ratio)	-	-	1.4	-	-
Normalized Net Income	-91.87K	-123K	16.17K	-85.76K	-24.26K
Supplemental Operating Expense Items
General and Administrative Expenses	541K	421K	401K	405K	350K
Net Rental Expense, Total	77.58K	35.42K	34.79K	19.02K	18.24K

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	82.38K	32.67K	131K	30.91K	153K
Short Term Investments	205K	100K	60K	-	-
Trading Asset Securities, Total	282K	225K	201K	233K	230K
Total Cash And Short Term Investments	570K	357K	392K	264K	383K
Accounts Receivable, Total	152K	217K	269K	143K	142K
Other Receivables	5.47K	5.51K	-	-	2.4K
Total Receivables	157K	222K	269K	143K	145K
Prepaid Expenses	7.76K	9.29K	2.87K	9.85K	19.48K
Other Current Assets, Total	15.34K	8.62K	6.47K	7.65K	6.09K
Total Current Assets	750K	597K	670K	425K	553K
Gross Property Plant And Equipment	237K	237K	237K	238K	247K
Accumulated Depreciation	-236K	-237K	-237K	-237K	-238K
Net Property Plant And Equipment	1.11K	376	230	213	9.51K
Long-term Investments	1	1	1	1	1
Other Intangibles, Total	1	1	1	1	1
Other Long-Term Assets, Total	4.38M	4.69M	4.73M	4.8M	4.86M
Total Assets	5.13M	5.29M	5.4M	5.22M	5.42M
Liabilities
Accounts Payable, Total	11.77K	11.1K	21.71K	18.81K	13.17K
Accrued Expenses, Total	47.15K	63.42K	71.66K	57.41K	71.28K
Short-term Borrowings	-	-	-	-	-
Unearned Revenue Current, Total	27.88K	36.45K	43.06K	44.66K	177K
Other Current Liabilities	8.26K	11.98K	17.52K	200	20K
Total Current Liabilities	95.06K	123K	154K	121K	282K
Pension & Other Post Retirement Benefits	52.83K	78.81K	99.13K	40.9K	52K
Total Liabilities	148K	202K	253K	162K	334K
Common Stock, Total	16.5M	16.5M	16.5M	16.5M	16.5M
Retained Earnings	-11.95M	-11.87M	-11.82M	-11.9M	-11.86M
Comprehensive Income and Other	415K	430K	437K	434K	435K
Total Common Equity	4.96M	5.06M	5.12M	5.03M	5.08M
Minority Interest	21.11K	25.07K	26.38K	28.49K	7.94K
Total Equity	4.99M	5.09M	5.15M	5.06M	5.09M
Total Liabilities And Equity	5.13M	5.29M	5.4M	5.22M	5.42M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	165M	165M	165M	165M	165M
ECS Total Common Shares Outstanding	165M	165M	165M	165M	165M
Book Value / Share	0.03	0.03	0.03	0.03	0.03
Tangible Book Value	4.96M	5.06M	5.12M	5.03M	5.08M
Tangible Book Value Per Share	0.03	0.03	0.03	0.03	0.03
Total Debt	0	0	0	0	0
Net Debt	-570K	-357K	-392K	-264K	-383K
Debt Equivalent Oper. Leases	621K	283K	278K	152K	146K
Minority Interest, Total (Incl. Fin. Div)	21.11K	25.07K	26.38K	28.49K	7.94K
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	237K	237K	237K	238K	247K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	1.6K	2.64K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	63.48K	81.81K	50.12K	-85.1K	44.9K
Depreciation & Amortization - CF	1.01K	737	256	137	640
Depreciation & Amortization, Total	1.01K	737	256	137	640
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-91.16K	39.33K	-47.91K	-36.74K	-64.46K
Asset Writedown & Restructuring Costs	-209K	-276K	-24.24K	-50.9K	-82.54K
Provision and Write-off of Bad Debts	-	-	-	1.6K	1.04K
Other Operating Activities, Total	23.82K	30.64K	19.63K	15.58K	13.05K
Change In Accounts Receivable	517K	-59.96K	-37.9K	116K	-10.99K
Change In Accounts Payable	-91.7K	27.89K	31K	-32.86K	161K
Change in Other Net Operating Assets	-169K	-2.07K	-817	-72.1K	-
Cash from Operations	44.69K	-158K	-9.85K	-144K	62.41K
Capital Expenditure	-	-	-110	-120	-9.94K
Sale (Purchase) of Real Estate properties	-1.06M	-	-	-	-
Investment in Marketable and Equity Securities, Total	1.01M	125K	115K	64.39K	67.68K
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-43.02K	125K	114K	64.27K	57.74K
Short Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-	-	-	-	-
Cash from Financing	-	-	-	-	-
Foreign Exchange Rate Adjustments	-5.03K	-16.84K	-6.51K	-19.77K	1.63K
Net Change in Cash	-3.36K	-49.7K	98.08K	-99.84K	122K
Supplemental Items
Levered Free Cash Flow	337K	-150K	10.65K	1.06K	119K
Unlevered Free Cash Flow	337K	-150K	10.65K	1.06K	119K
Change In Net Working Capital	-425K	32.07K	6.9K	-84.78K	-151K
Net Debt Issued / Repaid	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-1.7	-2.28	0.33	-1.58	-0.42
Return on Total Capital	-1.79	-2.36	0.34	-1.64	-0.44
Return On Equity %	1.34	1.7	1	-1.63	0.92
Return on Common Equity	1.29	1.63	0.98	-1.68	0.89
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	129.62	171.04	144.89	145.36	110.18
EBITDA Margin %	-29.62	-71.04	9.33	-45.91	-10.49
EBITA Margin %	-29.84	-71.32	9.25	-45.96	-10.68
EBIT Margin %	-29.84	-71.32	9.25	-45.96	-10.68
Income From Continuing Operations Margin %	13.93	32.07	17.06	-28.5	14.01
Net Income Margin %	13.31	30.64	16.65	-29.19	13.43
Net Avail. For Common Margin %	13.31	30.64	16.65	-29.19	13.43
Normalized Net Income Margin	-19.26	-46	5.37	-29.42	-7.26
Levered Free Cash Flow Margin	70.67	-56.31	3.54	0.36	35.66
Unlevered Free Cash Flow Margin	70.67	-56.31	3.54	0.36	35.66
Asset Turnover
Asset Turnover	0.09	0.05	0.06	0.05	0.06
Fixed Assets Turnover	294.54	358.87	993.74	1.32K	68.77
Receivables Turnover (Average Receivables)	2.5	1.49	1.02	1.24	1.89
Short Term Liquidity
Current Ratio	7.89	4.86	4.35	3.51	1.96
Quick Ratio	7.65	4.71	4.29	3.36	1.87
Operating Cash Flow to Current Liabilities	0.47	-1.28	-0.06	-1.19	0.22
Days Sales Outstanding (Average Receivables)	146.23	244.61	356.68	295.52	192.69
Long Term Solvency
Total Debt/Equity	-	-	-	-	-
Total Debt / Total Capital	-	-	-	-	-
Total Liabilities / Total Assets	2.88	3.81	4.69	3.1	6.16
Total Debt / EBITDA	-	-	-	-	-
Net Debt / EBITDA	4.04	1.88	-13.93	1.98	10.92
Total Debt / (EBITDA - Capex)	-	-	-	-	-
Net Debt / (EBITDA - Capex)	4.04	1.88	-13.99	1.97	8.51
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	56.46	-44.01	12.77	-3.18	14.67
Gross Profit, 1 Yr. Growth %	56.46	-44.01	12.77	-3.18	14.67
EBITDA, 1 Yr. Growth %	-55.67	34.28	-114.82	-576.2	-73.81
EBITA, 1 Yr. Growth %	-55.56	33.84	-114.63	-581.07	-73.36
EBIT, 1 Yr. Growth %	-55.56	33.84	-114.63	-581.07	-73.36
Earnings From Cont. Operations, 1 Yr. Growth %	-113.66	28.9	-40.01	-261.77	-156.38
Net Income, 1 Yr. Growth %	-113.08	28.88	-38.73	-269.79	-152.75
Normalized Net Income, 1 Yr. Growth %	-53.83	33.7	-113.17	-630.27	-71.71
Diluted EPS Before Extra, 1 Yr. Growth %	-113.06	28.91	-38.79	-269.97	-152.82
Accounts Receivable, 1 Yr. Growth %	47.84	42.96	23.99	-46.83	-0.36
Net Property, Plant and Equip., 1 Yr. Growth %	-47.62	-66.22	-38.83	-7.39	4.36K
Total Assets, 1 Yr. Growth %	-3.21	3.02	2.08	-3.28	3.78
Tangible Book Value, 1 Yr. Growth %	1.19	1.96	1.13	-1.72	0.92
Common Equity, 1 Yr. Growth %	1.19	1.96	1.13	-1.72	0.92
Cash From Operations, 1 Yr. Growth %	-105.55	-452.8	-93.75	1.37K	-143.24
Capital Expenditures, 1 Yr. Growth %	-	-	-	9.09	8.18K
Levered Free Cash Flow, 1 Yr. Growth %	-145.26	-144.61	-107.09	-90.03	11.13K
Unlevered Free Cash Flow, 1 Yr. Growth %	-145.26	-144.61	-107.09	-90.03	11.13K
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-3.88	-6.4	-20.54	4.49	5.37
Gross Profit, 2 Yr. CAGR %	-3.88	-6.4	-20.54	4.49	5.37
EBITDA, 2 Yr. CAGR %	-11.11	-22.85	-55.39	-16	11.68
EBITA, 2 Yr. CAGR %	-11.22	-22.88	-55.76	-16.12	13.21
EBIT, 2 Yr. CAGR %	-11.22	-22.88	-55.76	-16.12	13.21
Earnings From Cont. Operations, 2 Yr. CAGR %	-47.97	-58.05	-12.07	-1.49	-4.5
Net Income, 2 Yr. CAGR %	-49.12	-58.94	-11.14	1.99	-5.36
Normalized Net Income, 2 Yr. CAGR %	-9.69	-21.43	-58.04	-16.44	22.47
Diluted EPS Before Extra, 2 Yr. CAGR %	-49.17	-58.97	-11.17	2	-5.25
Accounts Receivable, 2 Yr. CAGR %	27.75	45.38	33.14	-18.8	-27.21
Net Property, Plant and Equip., 2 Yr. CAGR %	-44.9	-57.94	-54.54	-24.73	542.99
Total Assets, 2 Yr. CAGR %	-5.66	-0.15	2.54	-0.64	0.19
Tangible Book Value, 2 Yr. CAGR %	-3.92	1.57	1.54	-0.31	-0.41
Common Equity, 2 Yr. CAGR %	-3.92	1.57	1.54	-0.31	-0.41
Cash From Operations, 2 Yr. CAGR %	-60.34	-55.74	-53.05	-4.32	151.69
Capital Expenditures, 2 Yr. CAGR %	-	-	-	-	850.41
Levered Free Cash Flow, 2 Yr. CAGR %	54.72	-55.06	-82.22	-91.6	234.52
Unlevered Free Cash Flow, 2 Yr. CAGR %	54.72	-55.06	-82.22	-91.6	234.52
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	14.24	-19.73	-0.4	-15.13	7.78
Gross Profit, 3 Yr. CAGR %	14.24	-19.73	-0.4	-15.13	7.78
EBITDA, 3 Yr. CAGR %	-24.21	2	-55.49	-1.78	-43.04
EBITA, 3 Yr. CAGR %	-24.17	1.8	-55.69	-1.98	-42.77
EBIT, 3 Yr. CAGR %	-24.17	1.8	-55.69	-1.98	-42.77
Earnings From Cont. Operations, 3 Yr. CAGR %	-27.18	-29.6	-52.74	7.75	-18.21
Net Income, 3 Yr. CAGR %	-28.51	-30.64	-53.08	10.27	-18.13
Normalized Net Income, 3 Yr. CAGR %	-23.56	2.92	-56.68	-2.27	-41.76
Diluted EPS Before Extra, 3 Yr. CAGR %	-28.53	-30.68	-53.12	10.28	-18.09
Accounts Receivable, 3 Yr. CAGR %	42.16	32.63	37.87	-1.95	-13.07
Net Property, Plant and Equip., 3 Yr. CAGR %	-39.4	-53.19	-52.34	-42.37	193.53
Total Assets, 3 Yr. CAGR %	-4.85	-2.85	0.59	0.57	0.81
Tangible Book Value, 3 Yr. CAGR %	-4.13	-2	1.42	0.44	0.1
Common Equity, 3 Yr. CAGR %	-4.13	-2	1.42	0.44	0.1
Cash From Operations, 3 Yr. CAGR %	-44.89	-17.82	-76.95	47.82	-26.57
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	20.52	2.22	-75.72	-85.34	-7.44
Unlevered Free Cash Flow, 3 Yr. CAGR %	20.52	2.22	-75.72	-85.34	-7.44
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-35.7	-28.03	-1.2	-10.8	1.87
Gross Profit, 5 Yr. CAGR %	-35.7	-28.03	-1.2	-10.8	1.87
EBITDA, 5 Yr. CAGR %	-50.9	-23.95	-38.69	-5.62	-35.69
EBITA, 5 Yr. CAGR %	-50.84	-23.86	-38.87	-5.79	-35.52
EBIT, 5 Yr. CAGR %	-50.84	-23.86	-38.87	-5.79	-35.52
Earnings From Cont. Operations, 5 Yr. CAGR %	-57.85	-20.48	-21.47	-19.47	-37.38
Net Income, 5 Yr. CAGR %	-58.23	-21.49	-22.01	-19.07	-37.88
Normalized Net Income, 5 Yr. CAGR %	-50.51	-23.55	-39.86	-5.31	-34.35
Diluted EPS Before Extra, 5 Yr. CAGR %	-58.25	-21.51	-22.04	-19.1	-37.88
Accounts Receivable, 5 Yr. CAGR %	50.69	61.73	38.48	8.99	6.78
Net Property, Plant and Equip., 5 Yr. CAGR %	-24.74	-37.02	-45.98	-43.4	34.94
Total Assets, 5 Yr. CAGR %	-2.29	-2.83	-1.96	-1.97	0.43
Tangible Book Value, 5 Yr. CAGR %	-2.18	-2.71	-1.9	-1.33	0.69
Common Equity, 5 Yr. CAGR %	-2.18	-2.71	-1.9	-1.33	0.69
Cash From Operations, 5 Yr. CAGR %	-36.84	-13.59	-48.31	-12.67	-40.03
Capital Expenditures, 5 Yr. CAGR %	-	-	-48.6	-20.84	-
Levered Free Cash Flow, 5 Yr. CAGR %	-37.5	-22.31	-43.94	-62.37	-30.68
Unlevered Free Cash Flow, 5 Yr. CAGR %	-37.5	-22.31	-43.94	-62.37	-30.68