KWSE:ASC 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
Revenue	5.36	4.24	3.79	3.19	2.72
Revenue Growth (YoY)	26.51%	11.71%	18.91%	17.15%	-9.12%
Cost of Revenue	5.15	3.84	3.36	2.93	2.62
Gross Profit	0.21	0.4	0.43	0.26	0.1
Selling, General & Admin	1.12	0.91	0.85	0.94	0.89
Other Operating Expenses	-	0	0	-	-
Operating Expenses	1.12	0.92	0.87	0.97	0.93
Operating Income	-0.91	-0.52	-0.45	-0.71	-0.83
Interest & Investment Income	0.34	0.41	0.47	0.22	0.16
Currency Exchange Gain (Loss)	0	0.01	0.01	0	0
Other Non Operating Income (Expenses)	0.01	0.04	0.06	0.09	0.01
EBT Excluding Unusual Items	-0.56	-0.06	0.09	-0.4	-0.65
Gain (Loss) on Sale of Investments	0	0.02	-0.06	0.06	0.08
Gain (Loss) on Sale of Assets	-0.02	-	-	-	-
Pretax Income	-0.58	-0.04	0.03	-0.33	-0.58
Income Tax Expense	-	0	0	-	-
Earnings From Continuing Operations	-0.58	-0.05	0.02	-0.33	-0.58
Net Income	-0.58	-0.05	0.02	-0.33	-0.58
Net Income to Common	-0.58	-0.05	0.02	-0.33	-0.58
Shares Outstanding (Basic)	100	100	100	100	100
Shares Outstanding (Diluted)	100	100	100	100	100
EPS (Basic)	-0.01	-0.00	0.00	-0.00	-0.01
EPS (Diluted)	-0.01	-0.00	0.00	-0.00	-0.01
Free Cash Flow	-0.29	-2.97	-0.18	-0.55	-1.3
Free Cash Flow Per Share	-0.00	-0.03	-0.00	-0.01	-0.01
Gross Margin	3.87%	9.43%	11.27%	8.14%	3.64%
Operating Margin	-16.96%	-12.26%	-11.76%	-22.21%	-30.38%
Profit Margin	-10.76%	-1.07%	0.65%	-10.48%	-21.24%
Free Cash Flow Margin	-5.34%	-70.01%	-4.65%	-17.10%	-47.80%
EBITDA	-0.86	-0.47	-0.39	-0.63	-0.77
EBITDA Margin	-15.96%	-11.16%	-10.29%	-19.75%	-28.41%
D&A For EBITDA	0.05	0.05	0.06	0.08	0.05
EBIT	-0.91	-0.52	-0.45	-0.71	-0.83
EBIT Margin	-16.96%	-12.26%	-11.76%	-22.20%	-30.38%
Effective Tax Rate	-	-	5.93%	-	-

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