Upcoming Dividend • May 26
Upcoming dividend of د.ك0.095 per share Eligible shareholders must have bought the stock before 02 June 2026. Payment date: 11 June 2026. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 6.1%. Within top quartile of Kuwaiti dividend payers (5.4%). Higher than average of industry peers (3.7%). Announcement • Apr 17
National Petroleum Services Company K.S.C.P., Annual General Meeting, May 07, 2026 National Petroleum Services Company K.S.C.P., Annual General Meeting, May 07, 2026, at 10:30 Arab Standard Time. Location: kuwait city Kuwait Reported Earnings • Mar 18
Full year 2025 earnings released: EPS: د.ك0.16 (vs د.ك0.15 in FY 2024) Full year 2025 results: EPS: د.ك0.16 (up from د.ك0.15 in FY 2024). Revenue: د.ك61.1m (up 49% from FY 2024). Net income: د.ك14.4m (up 7.5% from FY 2024). Profit margin: 24% (down from 33% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: د.ك0.056 (vs د.ك0.037 in 3Q 2024) Third quarter 2025 results: EPS: د.ك0.056 (up from د.ك0.037 in 3Q 2024). Revenue: د.ك17.6m (up 68% from 3Q 2024). Net income: د.ك5.06m (up 51% from 3Q 2024). Profit margin: 29% (down from 32% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to د.ك1.67, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 17x in the Energy Services industry in Asia. Total returns to shareholders of 199% over the past three years. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: د.ك0.043 (vs د.ك0.031 in 2Q 2024) Second quarter 2025 results: EPS: د.ك0.043 (up from د.ك0.031 in 2Q 2024). Revenue: د.ك13.7m (up 40% from 2Q 2024). Net income: د.ك3.90m (up 41% from 2Q 2024). Profit margin: 28% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 18
Upcoming dividend of د.ك0.07 per share Eligible shareholders must have bought the stock before 23 June 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of Kuwaiti dividend payers (6.7%). Higher than average of industry peers (3.3%). Upcoming Dividend • Jun 12
Upcoming dividend of د.ك0.07 per share Eligible shareholders must have bought the stock before 19 June 2025. Payment date: 29 June 2025. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 5.1%. Lower than top quartile of Kuwaiti dividend payers (6.6%). Higher than average of industry peers (3.3%). New Risk • May 31
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: د.ك0 (US$0) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (د.ك0 market cap, or US$0). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • May 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Kuwaiti stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.2% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change). Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to د.ك1.25, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 13x in the Energy Services industry in Asia. Total returns to shareholders of 79% over the past three years. Announcement • May 07
National Petroleum Services Company K.S.C.P., Annual General Meeting, May 25, 2025 National Petroleum Services Company K.S.C.P., Annual General Meeting, May 25, 2025, at 11:30 Arab Standard Time. Location: kuwait ctiy Kuwait Board Change • Mar 24
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Hamad Jaber Al-Sabah was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Jan 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Kuwaiti stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.2% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to د.ك1.08, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 16x in the Energy Services industry in Asia. Total returns to shareholders of 61% over the past three years. Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: د.ك0.037 (vs د.ك0.027 in 3Q 2023) Third quarter 2024 results: EPS: د.ك0.037 (up from د.ك0.027 in 3Q 2023). Revenue: د.ك10.5m (up 2.0% from 3Q 2023). Net income: د.ك3.34m (up 30% from 3Q 2023). Profit margin: 32% (up from 25% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. New Risk • Aug 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Kuwaiti stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.5% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (97% cash payout ratio). Share price has been volatile over the past 3 months (7.1% average weekly change). Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: د.ك0.031 (vs د.ك0.017 in 2Q 2023) Second quarter 2024 results: EPS: د.ك0.031 (up from د.ك0.017 in 2Q 2023). Revenue: د.ك9.77m (up 4.8% from 2Q 2023). Net income: د.ك2.77m (up 70% from 2Q 2023). Profit margin: 28% (up from 17% in 2Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Aug 07
Now 22% overvalued Over the last 90 days, the stock has fallen 2.4% to د.ك0.82. The fair value is estimated to be د.ك0.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 20%. Upcoming Dividend • May 28
Upcoming dividend of د.ك0.06 per share Eligible shareholders must have bought the stock before 04 June 2024. Payment date: 13 June 2024. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 7.1%. Within top quartile of Kuwaiti dividend payers (6.5%). Higher than average of industry peers (2.7%). Reported Earnings • May 17
First quarter 2024 earnings released: EPS: د.ك0.026 (vs د.ك0.023 in 1Q 2023) First quarter 2024 results: EPS: د.ك0.026 (up from د.ك0.023 in 1Q 2023). Revenue: د.ك9.86m (down 2.1% from 1Q 2023). Net income: د.ك2.38m (up 7.5% from 1Q 2023). Profit margin: 24% (up from 22% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: د.ك0.089 (vs د.ك0.07 in FY 2022) Full year 2023 results: EPS: د.ك0.089 (up from د.ك0.07 in FY 2022). Revenue: د.ك39.5m (up 6.3% from FY 2022). Net income: د.ك8.60m (up 26% from FY 2022). Profit margin: 22% (up from 18% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 18
Third quarter 2023 earnings released: EPS: د.ك0.027 (vs د.ك0.025 in 3Q 2022) Third quarter 2023 results: EPS: د.ك0.027 (up from د.ك0.025 in 3Q 2022). Revenue: د.ك10.3m (up 1.0% from 3Q 2022). Net income: د.ك2.57m (up 6.5% from 3Q 2022). Profit margin: 25% (up from 24% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • May 21
First quarter 2023 earnings released: EPS: د.ك0.023 (vs د.ك0.01 in 1Q 2022) First quarter 2023 results: EPS: د.ك0.023 (up from د.ك0.01 in 1Q 2022). Revenue: د.ك10.1m (up 45% from 1Q 2022). Net income: د.ك2.22m (up 119% from 1Q 2022). Profit margin: 22% (up from 14% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 8% per year. Upcoming Dividend • May 10
Upcoming dividend of د.ك0.05 per share at 6.3% yield Eligible shareholders must have bought the stock before 17 May 2023. Payment date: 06 June 2023. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 6.3%. Lower than top quartile of Kuwaiti dividend payers (6.7%). Higher than average of industry peers (2.4%). Reported Earnings • Mar 21
Full year 2022 earnings released: EPS: د.ك0.07 (vs د.ك0.05 in FY 2021) Full year 2022 results: EPS: د.ك0.07 (up from د.ك0.05 in FY 2021). Revenue: د.ك37.2m (up 33% from FY 2021). Net income: د.ك6.82m (up 41% from FY 2021). Profit margin: 18% (up from 17% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: د.ك0.025 (vs د.ك0.009 in 3Q 2021) Third quarter 2022 results: EPS: د.ك0.025 (up from د.ك0.009 in 3Q 2021). Revenue: د.ك10.2m (up 38% from 3Q 2021). Net income: د.ك2.42m (up 175% from 3Q 2021). Profit margin: 24% (up from 12% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Hamad Jaber Al-Sabah was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: د.ك0.02 (vs د.ك0.011 in 2Q 2021) Second quarter 2022 results: EPS: د.ك0.02 (up from د.ك0.011 in 2Q 2021). Revenue: د.ك9.56m (up 66% from 2Q 2021). Net income: د.ك1.96m (up 87% from 2Q 2021). Profit margin: 21% (up from 18% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • May 18
First quarter 2022 earnings released: EPS: د.ك0.01 (vs د.ك0.014 in 1Q 2021) First quarter 2022 results: EPS: د.ك0.01 (down from د.ك0.014 in 1Q 2021). Revenue: د.ك6.98m (up 5.5% from 1Q 2021). Net income: د.ك1.01m (down 25% from 1Q 2021). Profit margin: 14% (down from 20% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 05
Upcoming dividend of د.ك0.035 per share Eligible shareholders must have bought the stock before 12 May 2022. Payment date: 22 May 2022. Payout ratio is a comfortable 70% and the cash payout ratio is 85%. Trailing yield: 4.4%. Lower than top quartile of Kuwaiti dividend payers (5.0%). Higher than average of industry peers (1.3%). Buying Opportunity • Apr 28
Now 23% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be د.ك1.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 34%. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Hamad Jaber Al-Sabah was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 01
Full year 2021 earnings released Full year 2021 results: Revenue: د.ك27.9m (up 4.2% from FY 2020). Net income: د.ك4.83m (down 23% from FY 2020). Profit margin: 17% (down from 23% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Buying Opportunity • Mar 13
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be د.ك1.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.5% per annum over the last 3 years. Earnings per share has declined by 28% per annum over the last 3 years. Buying Opportunity • Jan 25
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 8.8%. The fair value is estimated to be د.ك1.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.5% per annum over the last 3 years. Earnings per share has declined by 28% per annum over the last 3 years. Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS د.ك0.009 (vs د.ك0.024 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: د.ك7.40m (flat on 3Q 2020). Net income: د.ك879.7k (down 61% from 3Q 2020). Profit margin: 12% (down from 31% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Aug 14
Second quarter 2021 earnings released: EPS د.ك0.011 (vs د.ك0.021 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: د.ك5.76m (down 15% from 2Q 2020). Net income: د.ك1.05m (down 48% from 2Q 2020). Profit margin: 18% (down from 30% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Apr 28
Upcoming dividend of د.ك0.064 per share Eligible shareholders must have bought the stock before 05 May 2021. Payment date: 12 May 2021. Trailing yield: 7.0%. Within top quartile of Kuwaiti dividend payers (5.8%). Higher than average of industry peers (1.8%). Is New 90 Day High Low • Feb 03
New 90-day low: د.ك0.99 The company is down 7.0% from its price of د.ك1.06 on 05 November 2020. The Kuwaiti market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is up 10.0% over the same period. Is New 90 Day High Low • Jan 14
New 90-day low: د.ك1.00 The company is down 15% from its price of د.ك1.17 on 15 October 2020. The Kuwaiti market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is up 7.0% over the same period. Is New 90 Day High Low • Dec 23
New 90-day low: د.ك1.05 The company is down 5.0% from its price of د.ك1.10 on 24 September 2020. The Kuwaiti market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is up 11% over the same period. Announcement • Dec 17
Sovereign Fund of Egypt Reportedly Hires Financial Advisor of the Fund Acquisition of Minority Stakes in Two Companies Sovereign Fund of Egypt has hired EFG-Hermes Holding S.A.E (CASE:HRHO) to be a financial advisor of the fund acquisition of minority stakes in two companies affiliated to the National Service Products Organization, The Fund’s Executive Director Ayman Soliman told Hapi Journal news website. The fund intended to acquire a 20% to 30% stake in National Petroleum Services Company K.S.C.P. (KWSE:NAPESCO) (NAPESCO) and Safi Company. The fund aims to get a strategic investor to purchase the residual stake in the two companies. Reported Earnings • Nov 17
Third quarter 2020 earnings released: EPS د.ك0.024 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: د.ك7.34m (down 15% from 3Q 2019). Net income: د.ك2.28m (down 22% from 3Q 2019). Profit margin: 31% (down from 34% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Oct 15
New 90-day high: د.ك1.17 The company is up 4.0% from its price of د.ك1.13 on 16 July 2020. The Kuwaiti market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Energy Services industry, which is up 3.0% over the same period.