KWSE:EMIRATES 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	Sep '25 Sep 30, 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
Operating Revenue	0.29	0.26	0.3	0.22	0.19	0.12
Other Revenue	0	0	0	0.03	0.02	0.05
Revenue	0.3	0.26	0.3	0.24	0.21	0.17
Revenue Growth (YoY)	16.02%	-12.54%	23.02%	16.56%	24.05%	-33.97%
Gross Profit	0.3	0.26	0.3	0.24	0.21	0.17
Selling, General & Admin	0.15	0.13	0.16	0.15	0.18	0.21
Other Operating Expenses	0.01	0.01	0.02	0	0.03	-
Operating Expenses	0.16	0.15	0.18	0.15	0.21	0.21
Operating Income	0.14	0.11	0.12	0.09	-0	-0.04
Currency Exchange Gain (Loss)	-0.32	0.14	-4.42	0	0.04	0.01
EBT Excluding Unusual Items	-0.19	0.26	-4.3	0.09	0.04	-0.03
Gain (Loss) on Sale of Assets	-	-	-	-	0.96	-
Asset Writedown	0.58	0.58	5.04	-	-	-
Pretax Income	0.39	0.83	0.74	0.09	1	-0.03
Income Tax Expense	-	-	0	-	0.01	-
Earnings From Continuing Operations	0.39	0.83	0.74	0.09	0.99	-0.03
Earnings From Discontinued Operations	-	-	-	-	-0.07	-1.81
Net Income to Company	0.39	0.83	0.74	0.09	0.92	-1.84
Minority Interest in Earnings	-0.27	-0.35	0.6	-0.06	0.1	0.26
Net Income	0.12	0.48	1.33	0.03	1.02	-1.58
Net Income to Common	0.12	0.48	1.33	0.03	1.02	-1.58
Net Income Growth	-	-63.78%	3792.13%	-96.64%	-	-
Shares Outstanding (Basic)	176	176	176	176	176	176
Shares Outstanding (Diluted)	176	176	176	176	176	176
EPS (Basic)	0.00	0.00	0.01	0.00	0.01	-0.01
EPS (Diluted)	0.00	0.00	0.01	0.00	0.01	-0.01
EPS Growth	-	-63.79%	3799.49%	-96.65%	-	-
Free Cash Flow	-0.28	0.16	-4.06	0	-0.02	0.11
Free Cash Flow Per Share	-0.00	0.00	-0.02	-	-	0.00
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	46.41%	43.75%	40.10%	37.52%	-0.68%	-26.33%
Profit Margin	40.68%	184.88%	446.47%	14.11%	490.17%	-939.94%
Free Cash Flow Margin	-93.56%	60.00%	-1357.94%	1.29%	-8.71%	64.19%
EBITDA	-	-	0.12	0.09	-0	0.04
EBITDA Margin	-	-	40.15%	37.57%	-0.08%	21.25%
D&A For EBITDA	-	-	0	0	0	0.08
EBIT	0.14	0.11	0.12	0.09	-0	-0.04
EBIT Margin	46.41%	43.75%	40.10%	37.52%	-0.68%	-26.33%
Effective Tax Rate	-	-	0.67%	-	1.06%	-
Revenue as Reported	0.55	0.98	0.92	0.25	1.17	0.17

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