DFM:NIND Income Statement

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

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Revenue	165.72	175.97	150.07	128.19	110.75
Revenue Growth (YoY)	-5.82%	17.26%	17.07%	15.75%	0.77%
Cost of Revenue	135.99	138.41	116.11	101.52	88.48
Gross Profit	29.73	37.56	33.96	26.67	22.26
Selling, General & Admin	49.94	43.48	43.66	37.34	42.43
Operating Expenses	49.94	45.62	43.2	39.33	46.23
Operating Income	-20.21	-8.06	-9.25	-12.66	-23.97
Interest Expense	-41.33	-44.32	-40.77	-25.18	-21.19
Interest & Investment Income	25.6	31.09	39.17	23.6	11.05
Earnings From Equity Investments	42.19	70.35	66.96	38.07	30.84
Currency Exchange Gain (Loss)	-	-	-	-0.08	-0.18
Other Non Operating Income (Expenses)	6.26	7.6	7.42	6.82	4.07
EBT Excluding Unusual Items	12.51	56.65	63.53	30.57	0.63
Impairment of Goodwill	-	-4.07	-	-	-
Gain (Loss) on Sale of Investments	45.14	23.65	-14.48	4.16	98.57
Gain (Loss) on Sale of Assets	-	-	-	-	1.41
Asset Writedown	31.98	-0.63	0.81	-2.47	0.34
Legal Settlements	-	4.51	-2.38	-	-
Other Unusual Items	-	-	-	2.8	-
Pretax Income	89.63	82.45	47.7	35.06	100.95
Income Tax Expense	1.63	1.11	0.92	1.14	0.42
Earnings From Continuing Operations	88	81.34	46.78	33.92	100.53
Earnings From Discontinued Operations	-	-	-	-	-1.64
Net Income to Company	88	81.34	46.78	33.92	98.88
Minority Interest in Earnings	-15.02	-22.39	-21.9	-12.5	-20.25
Net Income	72.98	58.96	24.88	21.43	78.63
Net Income to Common	72.98	58.96	24.88	21.43	78.63
Net Income Growth	23.79%	137.00%	16.10%	-72.75%	-
Shares Outstanding (Basic)	2,491	2,490	2,490	2,385	1,985
Shares Outstanding (Diluted)	2,491	2,490	2,490	2,385	1,985
Shares Change (YoY)	0.04%	-	4.40%	20.14%	8.69%
EPS (Basic)	0.03	0.02	0.01	0.01	0.04
EPS (Diluted)	0.03	0.02	0.01	0.01	0.04
EPS Growth	23.75%	137.01%	11.21%	-77.32%	-
Free Cash Flow	2.87	-19.12	-4.55	1.45	14.62
Free Cash Flow Per Share	0.00	-0.01	-0.00	0.00	0.01
Dividend Per Share	-	0.009	0.005	0.004	0.010
Dividend Growth	-	106.52%	6.98%	-55.21%	-87.40%
Gross Margin	17.94%	21.34%	22.63%	20.80%	20.10%
Operating Margin	-12.20%	-4.58%	-6.16%	-9.88%	-21.64%
Profit Margin	44.04%	33.50%	16.58%	16.71%	71.00%
Free Cash Flow Margin	1.73%	-10.87%	-3.03%	1.13%	13.20%
EBITDA	-6.66	4.65	3.88	-3.7	-14.8
EBITDA Margin	-4.02%	2.64%	2.58%	-2.88%	-13.36%
D&A For EBITDA	13.55	12.72	13.12	8.97	9.17
EBIT	-20.21	-8.06	-9.25	-12.66	-23.97
EBIT Margin	-12.20%	-4.58%	-6.16%	-9.88%	-21.64%
Effective Tax Rate	1.82%	1.34%	1.93%	3.25%	0.41%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.