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	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	52.16	48.67	52.64	52.74	50.15
Revenue Growth (YoY)	7.17%	-7.56%	-0.19%	5.17%	-2.42%
Selling, General & Admin	2.69	2.93	2.11	2.24	1.78
Other Operating Expenses	19.75	18.43	18.43	17.6	15.99
Total Operating Expenses	22.45	21.36	20.54	19.85	17.77
Operating Income	29.71	27.31	32.1	32.9	32.38
Interest Expense	-17.65	-21.62	-21.99	-18.32	-18.58
Interest Income	3.27	3.71	2.74	0.17	0.03
Net Interest Expense	-14.38	-17.91	-19.25	-18.15	-18.56
Other Non-Operating Income (Expenses)	-0.14	-0.09	-0.12	-0.14	-0.14
EBT Excluding Unusual Items	15.19	9.31	12.73	14.61	13.68
Pretax Income	15.19	9.31	12.73	14.61	13.68
Income Tax Expense	0.16	0.1	0.13	0.15	0.14
Net Income	15.03	9.21	12.6	14.46	13.54
Net Income to Common	15.03	9.21	12.6	14.46	13.54
Net Income Growth	63.16%	-26.89%	-12.90%	6.85%	10.32%
Shares Outstanding (Basic)	1,100	1,100	1,100	1,100	1,100
Shares Outstanding (Diluted)	1,100	1,100	1,100	1,100	1,100
EPS (Basic)	0.01	0.01	0.01	0.01	0.01
EPS (Diluted)	0.01	0.01	0.01	0.01	0.01
EPS Growth	63.15%	-26.89%	-12.89%	6.85%	10.32%
Free Cash Flow	44.55	50.58	41.91	50.64	38.85
Free Cash Flow Per Share	0.04	0.05	0.04	0.05	0.04
Dividend Per Share	-	0.006	0.005	0.017	0.014
Dividend Growth	-	20.00%	-70.59%	21.43%	-62.16%
Profit Margin	28.81%	18.93%	23.93%	27.42%	26.99%
Free Cash Flow Margin	85.42%	103.93%	79.62%	96.01%	77.47%
EBITDA	29.76	27.35	32.14	32.92	32.4
EBITDA Margin	57.07%	56.21%	61.06%	62.42%	64.61%
D&A For EBITDA	0.05	0.05	0.04	0.03	0.03
EBIT	29.71	27.31	32.1	32.9	32.38
EBIT Margin	56.96%	56.11%	60.98%	62.37%	64.56%
Effective Tax Rate	1.04%	1.09%	1.04%	0.99%	1.05%

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