KWSE:ARZAN 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
Interest and Dividend Income	6.5	6.32	5.76	5.76	4.86	4.17
Total Interest Expense	3.3	3.04	1.8	1.74	1.04	1.05
Net Interest Income	3.2	3.28	3.96	4.02	3.82	3.12
Gain (Loss) on Sale of Investments	0.17	2.7	9.39	-0.24	5.56	3.15
Other Revenue	26.43	29.78	8.54	4.89	6.64	6.9
Revenue Before Loan Losses	29.81	35.77	21.89	8.67	16.03	13.17
Provision for Loan Losses	0.88	0.97	1.38	0.4	-0.45	-2.11
Revenue	28.93	34.8	20.51	8.26	16.49	15.29
Revenue Growth (YoY)	-11.57%	69.64%	148.20%	-49.87%	7.85%	407.70%
Salaries & Employee Benefits	4.32	4.15	3.36	2.86	3	3.15
Cost of Services Provided	4	3.83	1.45	1.42	1.52	1.31
Other Operating Expenses	1.41	1.27	0.19	-2.83	1.05	1.91
Total Operating Expenses	9.96	9.48	5.23	1.67	5.81	6.64
Operating Income	18.97	25.31	15.28	6.59	10.67	8.65
Currency Exchange Gain (Loss)	-0.14	-0.19	0.83	0.92	-0.26	-1.4
EBT Excluding Unusual Items	18.75	25.1	16.05	7.5	10.41	7.25
Pretax Income	18.74	25.1	16.09	8.72	10	8.82
Income Tax Expense	0.4	0.33	0.06	0.04	-	-
Earnings From Continuing Ops.	18.34	24.76	16.02	8.68	10	8.82
Net Income to Company	18.34	24.76	16.02	8.68	10	8.82
Minority Interest in Earnings	-1.87	-1.52	-1.93	-1.65	-1.85	-1.39
Net Income	16.47	23.24	14.1	7.03	8.15	7.43
Net Income to Common	16.47	23.24	14.1	7.03	8.15	7.43
Net Income Growth	-33.53%	64.87%	100.39%	-13.68%	9.70%	-
Shares Outstanding (Basic)	906	906	894	885	880	885
Shares Outstanding (Diluted)	907	908	895	887	882	887
Shares Change (YoY)	-0.61%	1.35%	0.98%	0.60%	-0.64%	-0.92%
EPS (Basic)	0.02	0.03	0.02	0.01	0.01	0.01
EPS (Diluted)	0.02	0.03	0.02	0.01	0.01	0.01
EPS Growth	-33.21%	62.68%	99.29%	-14.14%	9.65%	-
Free Cash Flow	-3.92	-8.37	-19.63	4.5	2.8	-3.77
Free Cash Flow Per Share	-0.00	-0.01	-0.02	0.01	0.00	-0.00
Dividend Per Share	0.002	0.002	0.003	0.002	0.004	0.002
Dividend Growth	-31.03%	-31.03%	61.11%	-51.35%	68.18%	-
Operating Margin	65.56%	72.75%	74.51%	79.78%	64.73%	56.56%
Profit Margin	56.94%	66.79%	68.72%	85.12%	49.43%	48.60%
Free Cash Flow Margin	-13.56%	-24.05%	-95.69%	54.40%	17.00%	-24.69%
Effective Tax Rate	2.13%	1.33%	0.39%	0.42%	-	-
Revenue as Reported	32.96	38.62	25.42	15.89	17.64	14.63

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