Gulf Hotels Group B.S.C. Income Statement

Financials in millions BHD. Fiscal year is January - December.

Millions BHD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	37.95	39.86	39.24	35.32	32.66	24.31
Other Revenue	3.22	3.18	2.94	2.7	2.41	1.45
Revenue	41.17	43.04	42.17	38.02	35.07	25.76
Revenue Growth (YoY)	-1.71%	2.05%	10.93%	8.41%	36.14%	30.52%
Cost of Revenue	20.1	20.57	19.82	18.62	16.68	14.08
Gross Profit	21.06	22.47	22.36	19.39	18.39	11.68
Selling, General & Admin	2.25	2.25	2.13	1.98	1.72	0.24
Other Operating Expenses	5.56	5.68	5.78	5.23	4.59	3.09
Operating Expenses	12.58	12.69	13.44	12.6	12.02	9.63
Operating Income	8.48	9.78	8.91	6.79	6.36	2.05
Interest Expense	-	-	-	-	-0.08	-0.39
Currency Exchange Gain (Loss)	-	-	-0.06	-0.01	-0.44	-
EBT Excluding Unusual Items	8.48	9.78	8.86	6.79	5.85	1.66
Gain (Loss) on Sale of Assets	-	-	-	-	0.82	-
Asset Writedown	-	-	-	-	-	1.73
Pretax Income	8.48	9.78	8.86	6.79	6.67	3.4
Net Income	8.48	9.78	8.86	6.79	6.67	3.4
Net Income to Common	8.48	9.78	8.86	6.79	6.67	3.4
Net Income Growth	-1.88%	10.44%	30.52%	1.75%	96.36%	-
Shares Outstanding (Basic)	227	226	226	226	226	226
Shares Outstanding (Diluted)	227	226	226	226	226	226
Shares Change (YoY)	1.01%	-0.18%	-	-	-	-
EPS (Basic)	0.04	0.04	0.04	0.03	0.03	0.02
EPS (Diluted)	0.04	0.04	0.04	0.03	0.03	0.02
EPS Growth	-2.87%	10.64%	30.52%	1.75%	96.36%	-
Free Cash Flow	5.69	6.15	7.19	6.13	8.43	8.98
Free Cash Flow Per Share	0.03	0.03	0.03	0.03	0.04	0.04
Dividend Per Share	0.025	0.025	0.025	0.025	0.025	0.020
Dividend Growth	-	-	-	-	25.00%	100.00%
Gross Margin	51.16%	52.21%	53.02%	51.01%	52.43%	45.35%
Operating Margin	20.60%	22.72%	21.14%	17.86%	18.14%	7.98%
Profit Margin	20.60%	22.72%	21.00%	17.85%	19.02%	13.18%
Free Cash Flow Margin	13.82%	14.29%	17.04%	16.12%	24.04%	34.87%
EBITDA	13.44	14.8	14.43	12.06	11.94	8.37
EBITDA Margin	32.65%	34.38%	34.22%	31.72%	34.06%	32.49%
D&A For EBITDA	4.96	5.02	5.52	5.27	5.58	6.31
EBIT	8.48	9.78	8.91	6.79	6.36	2.05
EBIT Margin	20.60%	22.72%	21.14%	17.86%	18.14%	7.98%
Revenue as Reported	41.17	43.04	42.17	38.02	35.89	27.49

Source: S&P Global Market Intelligence. Standard template. Financial Sources.