KWSE:ARABREC Income Statement

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

Millions KWD. 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	7.77	8.11	7.89	8.96	9.35	6.93
Other Revenue	1.04	0.96	1.28	0.22	0.13	0.1
Revenue	8.82	9.07	9.18	9.18	9.48	7.04
Revenue Growth (YoY)	-6.34%	-1.15%	-0.02%	-3.20%	34.76%	0.73%
Cost of Revenue	4.55	4.67	4.63	4.45	4.36	3.38
Gross Profit	4.26	4.4	4.55	4.73	5.12	3.66
Selling, General & Admin	0.31	0.33	0.52	0.36	0.28	0.31
Other Operating Expenses	0.44	0.52	1.08	0.02	1.71	1.35
Operating Expenses	1.44	1.52	2.23	1.26	2.68	2.38
Operating Income	2.82	2.88	2.31	3.47	2.43	1.27
Interest Expense	-4.04	-4.15	-4.55	-5.21	-4.09	-3.4
Currency Exchange Gain (Loss)	-	-	-	-0.02	-0.11	0.05
Other Non Operating Income (Expenses)	-	-	-0.02	0.3	0.19	-
EBT Excluding Unusual Items	-1.22	-1.27	-2.25	-1.46	-1.58	-2.08
Gain (Loss) on Sale of Assets	-	-0.19	-4.41	1.4	0.18	-0.17
Asset Writedown	0.57	0.57	2.28	1.85	3.49	-8.25
Other Unusual Items	0.08	0.08	5.99	0.99	-	-
Pretax Income	-0.57	-0.81	1.61	2.79	2.09	-10.5
Income Tax Expense	-	-	0.01	0.02	0.02	-
Net Income	-0.57	-0.81	1.59	2.77	2.06	-10.5
Net Income to Common	-0.57	-0.81	1.59	2.77	2.06	-10.5
Net Income Growth	-	-	-42.41%	34.27%	-	-
Shares Outstanding (Basic)	387	383	380	382	383	383
Shares Outstanding (Diluted)	387	383	380	382	383	383
Shares Change (YoY)	3.01%	0.87%	-0.53%	-0.20%	-0.00%	-
EPS (Basic)	-0.00	-0.00	0.00	0.01	0.01	-0.03
EPS (Diluted)	-0.00	-0.00	0.00	0.01	0.01	-0.03
EPS Growth	-	-	-42.10%	34.53%	-	-
Free Cash Flow	2.4	2.3	2.6	2.92	4.48	1.72
Free Cash Flow Per Share	0.01	0.01	0.01	0.01	0.01	0.00
Dividend Per Share	-	-	0.002	0.003	-	-
Dividend Growth	-	-	-14.29%	-	-	-
Gross Margin	48.35%	48.49%	49.54%	51.54%	53.96%	51.95%
Operating Margin	32.02%	31.78%	25.18%	37.83%	25.64%	18.08%
Profit Margin	-6.49%	-8.96%	17.36%	30.15%	21.73%	-149.29%
Free Cash Flow Margin	27.26%	25.32%	28.37%	31.82%	47.27%	24.44%
EBITDA	3.51	3.55	2.95	4.14	3.09	1.95
EBITDA Margin	39.85%	39.17%	32.13%	45.10%	32.63%	27.75%
D&A For EBITDA	0.69	0.67	0.64	0.67	0.66	0.68
EBIT	2.82	2.88	2.31	3.47	2.43	1.27
EBIT Margin	32.02%	31.78%	25.18%	37.83%	25.64%	18.08%
Effective Tax Rate	-	-	0.83%	0.67%	1.19%	-
Revenue as Reported	-	-	-	13.74	13.33	-1.34

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