KWSE:ARABREC Income Statement

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

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	7.87	7.89	8.96	9.35	6.93	6.59
Other Revenue	0.06	0.22	0.22	0.13	0.1	0.4
Revenue	7.93	8.11	9.18	9.48	7.04	6.98
Revenue Growth (YoY)	-11.14%	-11.61%	-3.20%	34.76%	0.73%	-41.11%
Cost of Revenue	4.93	4.63	4.45	4.36	3.38	3.41
Gross Profit	3	3.48	4.73	5.12	3.66	3.58
Selling, General & Admin	0.52	0.52	0.36	0.28	0.31	0.4
Other Operating Expenses	0.6	1.09	0.02	1.71	1.35	2.33
Operating Expenses	1.83	2.21	1.26	2.68	2.38	3.45
Operating Income	1.17	1.27	3.47	2.43	1.27	0.13
Interest Expense	-4.22	-4.55	-5.21	-4.09	-3.4	-3.81
Currency Exchange Gain (Loss)	0.02	0.02	-0.02	-0.11	0.05	-0
Other Non Operating Income (Expenses)	2.01	2	0.3	0.19	-	-
EBT Excluding Unusual Items	-1.03	-1.26	-1.46	-1.58	-2.08	-3.69
Gain (Loss) on Sale of Assets	-0.52	-4.41	1.4	0.18	-0.17	-
Asset Writedown	2.33	2.28	1.85	3.49	-8.25	0.11
Other Unusual Items	-1.22	5	0.99	-	-	-
Pretax Income	-0.43	1.61	2.79	2.09	-10.5	-3.58
Income Tax Expense	0	0.01	0.02	0.02	-	-
Net Income	-0.44	1.59	2.77	2.06	-10.5	-3.58
Net Income to Common	-0.44	1.59	2.77	2.06	-10.5	-3.58
Net Income Growth	-	-42.41%	34.27%	-	-	-
Shares Outstanding (Basic)	382	380	382	383	383	383
Shares Outstanding (Diluted)	382	380	382	383	383	383
Shares Change (YoY)	0.10%	-0.56%	-0.20%	-0.00%	-	-
EPS (Basic)	-0.00	0.00	0.01	0.01	-0.03	-0.01
EPS (Diluted)	-0.00	0.00	0.01	0.01	-0.03	-0.01
EPS Growth	-	-42.09%	34.53%	-	-	-
Free Cash Flow	2	2.6	2.92	4.48	1.72	-3.85
Free Cash Flow Per Share	0.01	0.01	0.01	0.01	0.00	-0.01
Dividend Per Share	0.002	0.002	0.003	-	-	-
Dividend Growth	-14.29%	-14.29%	-	-	-	-
Gross Margin	37.85%	42.92%	51.54%	53.96%	51.95%	51.23%
Operating Margin	14.75%	15.67%	37.83%	25.64%	18.08%	1.81%
Profit Margin	-5.51%	19.64%	30.15%	21.73%	-149.29%	-51.27%
Free Cash Flow Margin	25.18%	32.09%	31.82%	47.27%	24.44%	-55.14%
EBITDA	1.92	1.91	4.14	3.09	1.95	0.82
EBITDA Margin	24.21%	23.53%	45.10%	32.63%	27.75%	11.74%
D&A For EBITDA	0.75	0.64	0.67	0.66	0.68	0.69
EBIT	1.17	1.27	3.47	2.43	1.27	0.13
EBIT Margin	14.75%	15.67%	37.83%	25.64%	18.08%	1.81%
Effective Tax Rate	-	0.83%	0.67%	1.19%	-	-
Revenue as Reported	10.54	12.99	13.74	13.33	-1.34	6.98

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.