World Kinect Income Statement

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

Millions USD. 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	36,917	42,168	47,711	59,043	31,337
Revenue Growth (YoY)	-12.45%	-11.62%	-19.19%	88.41%	53.93%
Cost of Revenue	35,969	41,142	46,604	57,954	30,549
Gross Profit	947.8	1,026	1,107	1,089	788.2
Selling, General & Admin	719.9	779.6	820.3	816.1	634.3
Operating Expenses	719.9	779.6	820.3	816.1	634.3
Operating Income	227.9	246.8	286.7	272.9	153.9
Interest Expense	-100.6	-116	-135.5	-117.4	-47.2
Interest & Investment Income	-	13.8	7.8	6.8	7
Currency Exchange Gain (Loss)	-	-2.4	2.3	3.3	1.6
Other Non Operating Income (Expenses)	-74.2	4.6	-5.8	-20.8	-4
EBT Excluding Unusual Items	53.1	146.8	155.5	144.8	111.3
Merger & Restructuring Charges	-103.1	-7.1	-7.2	0.8	-6.6
Impairment of Goodwill	-689.6	-	-	-	-
Gain (Loss) on Sale of Investments	-	-18.2	-19.1	-	-
Gain (Loss) on Sale of Assets	-	-15.2	-	-	-
Asset Writedown	-	-10.8	-13.7	-0.6	-4.7
Other Unusual Items	-	-	-48.8	-	-
Pretax Income	-739.6	95.5	66.7	145	100
Income Tax Expense	-127.9	27.6	13	29.2	25.8
Earnings From Continuing Operations	-611.7	67.9	53.7	115.8	74.2
Minority Interest in Earnings	-2.7	-0.5	-0.8	-1.7	-0.5
Net Income	-614.4	67.4	52.9	114.1	73.7
Net Income to Common	-614.4	67.4	52.9	114.1	73.7
Net Income Growth	-	27.41%	-53.64%	54.82%	-32.76%
Shares Outstanding (Basic)	56	59	61	62	63
Shares Outstanding (Diluted)	56	60	62	63	63
Shares Change (YoY)	-6.05%	-3.57%	-1.59%	-0.95%	-1.09%
EPS (Basic)	-10.99	1.14	0.86	1.83	1.17
EPS (Diluted)	-10.99	1.13	0.86	1.82	1.16
EPS Growth	-	31.39%	-52.75%	56.90%	-32.16%
Free Cash Flow	227.3	191.7	183.7	59.9	134
Free Cash Flow Per Share	4.07	3.22	2.98	0.95	2.12
Dividend Per Share	0.770	0.680	0.560	0.520	0.480
Dividend Growth	13.23%	21.43%	7.69%	8.33%	20.00%
Gross Margin	2.57%	2.43%	2.32%	1.84%	2.51%
Operating Margin	0.62%	0.58%	0.60%	0.46%	0.49%
Profit Margin	-1.66%	0.16%	0.11%	0.19%	0.24%
Free Cash Flow Margin	0.62%	0.46%	0.39%	0.10%	0.43%
EBITDA	326.1	330	365.8	359.7	217.3
EBITDA Margin	0.88%	0.78%	0.77%	0.61%	0.69%
D&A For EBITDA	98.2	83.2	79.1	86.8	63.4
EBIT	227.9	246.8	286.7	272.9	153.9
EBIT Margin	0.62%	0.58%	0.60%	0.46%	0.49%
Effective Tax Rate	-	28.90%	19.49%	20.14%	25.80%

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