Veren 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	Mar '25 Mar 31, 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
Revenue	78.46	78.07	75.71	68.79	68.84	66.66
Revenue Growth (YoY)	0.81%	3.11%	10.07%	-0.08%	3.28%	-
Cost of Revenue	57.36	56.73	53.66	45.99	50.14	53.96
Gross Profit	21.1	21.34	22.05	22.79	18.7	12.7
Selling, General & Admin	5.81	5.7	5.02	5.04	6.28	6
Operating Expenses	6.79	6.59	5.6	5.28	8.25	6.66
Operating Income	14.31	14.75	16.45	17.51	10.45	6.04
Interest Expense	-3.81	-3.84	-2.91	-2.45	-3.26	-4.39
Interest & Investment Income	-	-	-	0.01	0.04	0.07
Earnings From Equity Investments	-	-	-	-	0	0.01
Other Non Operating Income (Expenses)	0.79	0.69	0.33	0.59	0.62	0.56
EBT Excluding Unusual Items	11.29	11.6	13.87	15.65	7.85	2.28
Gain (Loss) on Sale of Investments	3.17	2.75	-	-	-	-
Asset Writedown	-4.43	-4.43	-4.76	-10.47	-3.17	-1.65
Other Unusual Items	-	-	-	-	-	2.01
Pretax Income	10.03	9.93	9.11	5.18	4.68	2.64
Income Tax Expense	0.22	0.14	-	-	-	-
Earnings From Continuing Operations	9.81	9.79	9.11	5.18	4.68	2.64
Earnings From Discontinued Operations	-	-	0.51	0.74	-	-
Net Income to Company	9.81	9.79	9.62	5.92	4.68	2.64
Minority Interest in Earnings	-1.31	-1.39	-1.94	-0.76	-0.14	-0.23
Net Income	8.5	8.4	7.68	5.16	4.54	2.42
Net Income to Common	8.5	8.4	7.68	5.16	4.54	2.42
Net Income Growth	14.43%	9.41%	48.81%	13.64%	88.01%	-
Shares Outstanding (Basic)	300	300	300	520	652	700
Shares Outstanding (Diluted)	300	300	300	520	652	700
Shares Change (YoY)	-0.02%	-0.01%	-42.34%	-20.18%	-6.89%	-
EPS (Basic)	0.03	0.03	0.03	0.01	0.01	0.00
EPS (Diluted)	0.03	0.03	0.03	0.01	0.01	0.00
EPS Growth	14.45%	9.43%	158.07%	42.37%	101.94%	-
Free Cash Flow	11.62	7.21	6.99	9.25	11.74	17.36
Free Cash Flow Per Share	0.04	0.02	0.02	0.02	0.02	0.03
Dividend Per Share	0.034	0.034	0.024	0.025	-	-
Dividend Growth	42.55%	42.55%	-6.00%	-	-	-
Gross Margin	26.90%	27.33%	29.12%	33.13%	27.17%	19.05%
Operating Margin	18.24%	18.90%	21.72%	25.45%	15.18%	9.06%
Profit Margin	10.84%	10.76%	10.14%	7.50%	6.60%	3.62%
Free Cash Flow Margin	14.81%	9.23%	9.24%	13.45%	17.05%	26.04%
EBITDA	16.33	16.66	17.74	20.86	12.33	7.83
EBITDA Margin	20.81%	21.34%	23.43%	30.33%	17.91%	11.74%
D&A For EBITDA	2.01	1.9	1.29	3.35	1.88	1.79
EBIT	14.31	14.75	16.45	17.51	10.45	6.04
EBIT Margin	18.24%	18.90%	21.72%	25.45%	15.18%	9.06%
Effective Tax Rate	2.24%	1.37%	-	-	-	-

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