KWSE:BOURSA Income Statement

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

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	43.01	44.86	32.81	28.48	32.57	28.25
Revenue	43.01	44.86	32.81	28.48	32.57	28.25
Revenue Growth (YoY)	18.28%	36.73%	15.20%	-12.56%	15.31%	27.21%
Gross Profit	43.01	44.86	32.81	28.48	32.57	28.25
Selling, General & Admin	14.89	14.86	13.23	11.74	11.79	11.59
Other Operating Expenses	0.7	0.77	0.6	0.43	0.51	-
Operating Expenses	16.85	16.8	14.71	12.96	13.29	12.65
Operating Income	26.17	28.06	18.1	15.52	19.28	15.6
Interest Expense	-0.02	-0.02	-0.02	-0.03	-0.04	-0.04
Interest & Investment Income	3.36	3.22	3.04	2.9	1.72	1.12
Other Non Operating Income (Expenses)	1.09	1.06	0.93	1.44	0.61	1.2
EBT Excluding Unusual Items	30.6	32.32	22.04	19.83	21.58	17.88
Gain (Loss) on Sale of Investments	-	-	-	-	-	-0.02
Other Unusual Items	5.3	5.47	3.5	2.15	2.62	2.77
Pretax Income	35.9	37.8	25.54	21.98	24.2	20.64
Income Tax Expense	0.19	0.21	0.16	0.11	0.16	0.57
Earnings From Continuing Operations	35.71	37.59	25.38	21.87	24.04	20.06
Minority Interest in Earnings	-9.48	-9.4	-7.2	-6.07	-6.03	-4.17
Net Income	26.23	28.18	18.18	15.8	18	15.89
Net Income to Common	26.23	28.18	18.18	15.8	18	15.89
Net Income Growth	22.37%	55.02%	15.08%	-12.25%	13.29%	-38.43%
Shares Outstanding (Basic)	201	201	201	201	201	201
Shares Outstanding (Diluted)	201	201	201	201	201	201
EPS (Basic)	0.13	0.14	0.09	0.08	0.09	0.08
EPS (Diluted)	0.13	0.14	0.09	0.08	0.09	0.08
EPS Growth	22.37%	55.02%	15.08%	-12.25%	13.30%	-38.43%
Free Cash Flow	34.56	34.11	23.13	18.03	23.86	16.18
Free Cash Flow Per Share	0.17	0.17	0.12	0.09	0.12	0.08
Dividend Per Share	0.127	0.127	0.082	0.074	0.085	0.065
Dividend Growth	54.88%	54.88%	10.81%	-12.94%	30.77%	62.50%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	60.83%	62.55%	55.16%	54.49%	59.19%	55.23%
Profit Margin	60.98%	62.82%	55.41%	55.47%	55.27%	56.25%
Free Cash Flow Margin	80.36%	76.03%	70.51%	63.32%	73.25%	57.30%
EBITDA	26.86	28.66	18.54	15.85	19.58	16.05
EBITDA Margin	62.45%	63.90%	56.52%	55.65%	60.12%	56.82%
D&A For EBITDA	0.69	0.6	0.44	0.33	0.3	0.45
EBIT	26.17	28.06	18.1	15.52	19.28	15.6
EBIT Margin	60.83%	62.55%	55.16%	54.49%	59.19%	55.23%
Effective Tax Rate	0.53%	0.56%	0.63%	0.50%	0.67%	2.78%
Revenue as Reported	48.31	50.33	36.31	30.68	35.2	31.21

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