Shamal Az-Zour Al-Oula Power and Water Company KSC (Public) (KWSE:AZNOULA)

KWSE:AZNOULA Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	50.89	48.67	52.64	52.74	50.15	51.39
Revenue Growth (YoY)	2.21%	-7.56%	-0.19%	5.17%	-2.42%	0.63%
Selling, General & Admin	2.72	2.93	2.11	2.24	1.78	1.42
Other Operating Expenses	19.28	18.43	18.43	17.6	15.99	16.33
Total Operating Expenses	22	21.36	20.54	19.85	17.77	17.75
Operating Income	28.89	27.31	32.1	32.9	32.38	33.64
Interest Expense	-18.43	-21.62	-21.99	-18.32	-18.58	-21.55
Interest Income	3.52	3.71	2.74	0.17	0.03	0.42
Net Interest Expense	-14.91	-17.91	-19.25	-18.15	-18.56	-21.13
Other Non-Operating Income (Expenses)	-0.13	-0.09	-0.12	-0.14	-0.14	-0.11
EBT Excluding Unusual Items	13.85	9.31	12.73	14.61	13.68	12.4
Pretax Income	13.85	9.31	12.73	14.61	13.68	12.4
Income Tax Expense	0.14	0.1	0.13	0.15	0.14	0.13
Net Income	13.7	9.21	12.6	14.46	13.54	12.27
Net Income to Common	13.7	9.21	12.6	14.46	13.54	12.27
Net Income Growth	41.42%	-26.89%	-12.90%	6.85%	10.32%	-0.25%
Shares Outstanding (Basic)	1,100	1,100	1,100	1,100	1,100	1,100
Shares Outstanding (Diluted)	1,100	1,100	1,100	1,100	1,100	1,100
EPS (Basic)	0.01	0.01	0.01	0.01	0.01	0.01
EPS (Diluted)	0.01	0.01	0.01	0.01	0.01	0.01
EPS Growth	41.43%	-26.89%	-12.89%	6.85%	10.32%	-0.25%
Free Cash Flow	46.08	50.58	41.91	50.64	38.85	46.52
Free Cash Flow Per Share	0.04	0.05	0.04	0.05	0.04	0.04
Dividend Per Share	0.007	0.006	0.005	0.017	0.014	0.037
Dividend Growth	75.00%	20.00%	-70.59%	21.43%	-62.16%	-
Profit Margin	26.93%	18.93%	23.93%	27.42%	26.99%	23.88%
Free Cash Flow Margin	90.56%	103.93%	79.62%	96.01%	77.47%	90.52%
EBITDA	28.94	27.35	32.14	32.92	32.4	33.69
EBITDA Margin	56.87%	56.21%	61.06%	62.42%	64.61%	65.55%
D&A For EBITDA	0.05	0.05	0.04	0.03	0.03	0.05
EBIT	28.89	27.31	32.1	32.9	32.38	33.64
EBIT Margin	56.77%	56.11%	60.98%	62.37%	64.56%	65.45%
Effective Tax Rate	1.04%	1.09%	1.04%	0.99%	1.05%	1.02%

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