KWSE:BOURSA 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
Operating Revenue	44.86	32.81	28.48	32.57	28.25
Revenue	44.86	32.81	28.48	32.57	28.25
Revenue Growth (YoY)	36.73%	15.20%	-12.56%	15.31%	27.21%
Gross Profit	44.86	32.81	28.48	32.57	28.25
Selling, General & Admin	14.86	13.23	11.74	11.79	11.59
Other Operating Expenses	0.77	0.6	0.43	0.51	-
Operating Expenses	16.8	14.71	12.96	13.29	12.65
Operating Income	28.06	18.1	15.52	19.28	15.6
Interest Expense	-0.02	-0.02	-0.03	-0.04	-0.04
Interest & Investment Income	3.22	3.04	2.9	1.72	1.12
Other Non Operating Income (Expenses)	1.06	0.93	1.44	0.61	1.2
EBT Excluding Unusual Items	32.32	22.04	19.83	21.58	17.88
Gain (Loss) on Sale of Investments	-	-	-	-	-0.02
Other Unusual Items	5.47	3.5	2.15	2.62	2.77
Pretax Income	37.8	25.54	21.98	24.2	20.64
Income Tax Expense	0.21	0.16	0.11	0.16	0.57
Earnings From Continuing Operations	37.59	25.38	21.87	24.04	20.06
Minority Interest in Earnings	-9.4	-7.2	-6.07	-6.03	-4.17
Net Income	28.18	18.18	15.8	18	15.89
Net Income to Common	28.18	18.18	15.8	18	15.89
Net Income Growth	55.02%	15.08%	-12.25%	13.29%	-38.43%
Shares Outstanding (Basic)	201	201	201	201	201
Shares Outstanding (Diluted)	201	201	201	201	201
EPS (Basic)	0.14	0.09	0.08	0.09	0.08
EPS (Diluted)	0.14	0.09	0.08	0.09	0.08
EPS Growth	55.02%	15.08%	-12.25%	13.30%	-38.43%
Free Cash Flow	34.11	23.13	18.03	23.86	16.18
Free Cash Flow Per Share	0.17	0.12	0.09	0.12	0.08
Dividend Per Share	0.127	0.082	0.074	0.085	0.065
Dividend Growth	54.88%	10.81%	-12.94%	30.77%	62.50%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	62.55%	55.16%	54.49%	59.19%	55.23%
Profit Margin	62.82%	55.41%	55.47%	55.27%	56.25%
Free Cash Flow Margin	76.03%	70.51%	63.32%	73.25%	57.30%
EBITDA	28.66	18.54	15.85	19.58	16.05
EBITDA Margin	63.90%	56.52%	55.65%	60.12%	56.82%
D&A For EBITDA	0.6	0.44	0.33	0.3	0.45
EBIT	28.06	18.1	15.52	19.28	15.6
EBIT Margin	62.55%	55.16%	54.49%	59.19%	55.23%
Effective Tax Rate	0.56%	0.63%	0.50%	0.67%	2.78%
Revenue as Reported	50.33	36.31	30.68	35.2	31.21

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