KWSE:AAYAN 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
Operating Revenue	12.56	13.75	14.46	12.94	10.81
Other Revenue	30.88	9.75	11.02	7.94	5.89
Revenue	43.44	23.5	25.48	20.89	16.71
Revenue Growth (YoY)	84.90%	-7.79%	22.00%	25.00%	14.46%
Cost of Revenue	-0.02	-0.09	-0.07	-0.09	-0.1
Gross Profit	43.46	23.59	25.55	20.97	16.81
Selling, General & Admin	9.59	7.24	7.51	6.71	5.81
Other Operating Expenses	3.33	2.37	2.76	3.21	3.88
Operating Expenses	13.65	10.23	10.97	10.59	10.28
Operating Income	29.81	13.36	14.58	10.39	6.53
Interest Expense	-0.59	-0.46	-0.03	-0.16	-0.06
Currency Exchange Gain (Loss)	0.02	-0.15	-0.03	-0.14	0.01
Other Non Operating Income (Expenses)	-2.45	-0.31	0.15	0.03	3.49
EBT Excluding Unusual Items	26.79	12.45	14.66	10.11	9.97
Impairment of Goodwill	-0.11	-	-	-	-
Gain (Loss) on Sale of Investments	-1.88	0.31	-1.03	-	-
Gain (Loss) on Sale of Assets	1.14	-	0.96	0.42	0.53
Asset Writedown	0.18	-0.04	0.54	-0.04	-0.06
Legal Settlements	-3.29	0.26	-0.49	-	-4.31
Other Unusual Items	1.71	-0.01	-0.01	-	1.39
Pretax Income	24.53	12.97	14.64	10.49	7.52
Income Tax Expense	1.28	0.67	0.99	0.47	0.43
Earnings From Continuing Operations	23.25	12.29	13.65	10.02	7.09
Net Income to Company	23.25	12.29	13.65	10.02	7.09
Minority Interest in Earnings	-3.73	-1.03	-1.28	-1.02	-0.99
Net Income	19.52	11.27	12.37	9	6.1
Net Income to Common	19.52	11.27	12.37	9	6.1
Net Income Growth	73.24%	-8.91%	37.39%	47.60%	-70.52%
Shares Outstanding (Basic)	664	664	664	683	689
Shares Outstanding (Diluted)	664	664	664	683	689
Shares Change (YoY)	-	-	-2.75%	-0.84%	-7.64%
EPS (Basic)	0.03	0.02	0.02	0.01	0.01
EPS (Diluted)	0.03	0.02	0.02	0.01	0.01
EPS Growth	73.24%	-8.91%	41.27%	48.85%	-68.08%
Free Cash Flow	6.7	6.21	6.91	-1.09	11.93
Free Cash Flow Per Share	0.01	0.01	0.01	-0.00	0.02
Dividend Per Share	0.007	0.007	0.007	0.007	-
Gross Margin	100.05%	100.38%	100.28%	100.42%	100.63%
Operating Margin	68.62%	56.85%	57.23%	49.73%	39.10%
Profit Margin	44.92%	47.95%	48.54%	43.10%	36.50%
Free Cash Flow Margin	15.42%	26.43%	27.12%	-5.22%	71.38%
EBITDA	39.69	22.95	24.32	19.67	15.54
EBITDA Margin	91.36%	97.67%	95.44%	94.20%	93.03%
D&A For EBITDA	9.88	9.59	9.74	9.29	9.01
EBIT	29.81	13.36	14.58	10.39	6.53
EBIT Margin	68.62%	56.85%	57.23%	49.73%	39.10%
Effective Tax Rate	5.22%	5.20%	6.79%	4.47%	5.71%
Revenue as Reported	45.19	21.82	25.54	19.11	16.09

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