KWSE:ARGAN 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
Other Revenue	8.43	7.68	19.83	0.79	2.44	0.77
Revenue	8.43	7.68	19.83	0.79	2.44	0.77
Revenue Growth (YoY)	-57.43%	-61.26%	2416.83%	-67.71%	216.54%	-86.55%
Cost of Revenue	-	-	-	-	-	0.32
Gross Profit	8.43	7.68	19.83	0.79	2.44	0.45
Selling, General & Admin	2.83	2.56	2.52	2.31	2.2	2.33
Other Operating Expenses	-	-	0.17	0.03	-	-
Operating Expenses	2.99	2.74	3.36	2.7	2.52	3.62
Operating Income	5.44	4.95	16.47	-1.91	-0.08	-3.17
Interest Expense	-8.12	-7.47	-6.52	-5.27	-4.73	-4.79
Currency Exchange Gain (Loss)	-	-	-	-0.03	-0.06	0.03
Other Non Operating Income (Expenses)	0.07	0.07	-0.08	-0.02	1.63	0
EBT Excluding Unusual Items	-2.6	-2.46	9.87	-7.23	-3.23	-7.94
Gain (Loss) on Sale of Assets	-0.02	0	0.4	-0.44	0.04	0.22
Asset Writedown	-3.3	-3.3	-4.01	8.45	3.29	-1.08
Other Unusual Items	-	-	-	-	0.05	0.25
Pretax Income	-5.92	-5.76	6.26	0.77	0.16	-8.55
Earnings From Continuing Operations	-5.92	-5.76	6.26	0.77	0.16	-8.55
Net Income to Company	-5.92	-5.76	6.26	0.77	0.16	-8.55
Minority Interest in Earnings	0.06	0.07	0.08	0.05	-0.11	-0.1
Net Income	-5.86	-5.69	6.34	0.82	0.05	-8.65
Net Income to Common	-5.86	-5.69	6.34	0.82	0.05	-8.65
Net Income Growth	-	-	672.02%	1582.33%	-	-
Shares Outstanding (Basic)	292	290	281	281	281	281
Shares Outstanding (Diluted)	292	290	281	281	281	281
Shares Change (YoY)	1.64%	3.22%	-0.02%	-0.01%	-0.00%	-0.06%
EPS (Basic)	-0.02	-0.02	0.02	0.00	0.00	-0.03
EPS (Diluted)	-0.02	-0.02	0.02	0.00	0.00	-0.03
EPS Growth	-	-	672.29%	1591.91%	-	-
Free Cash Flow	2.6	2.77	2.07	-0.16	3.96	0.17
Free Cash Flow Per Share	0.01	0.01	0.01	-0.00	0.01	0.00
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	58.42%
Operating Margin	64.50%	64.37%	83.05%	-242.78%	-3.14%	-411.62%
Profit Margin	-69.53%	-74.00%	31.97%	104.24%	2.00%	-1121.87%
Free Cash Flow Margin	30.79%	36.04%	10.44%	-20.24%	162.34%	22.15%
EBITDA	6.32	5.83	17.23	-1.48	0.22	-2.75
EBITDA Margin	74.94%	75.86%	86.87%	-187.81%	8.82%	-
D&A For EBITDA	0.88	0.88	0.76	0.43	0.29	0.42
EBIT	5.44	4.95	16.47	-1.91	-0.08	-3.17
EBIT Margin	64.50%	64.37%	83.05%	-242.78%	-3.14%	-

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