KWSE:IFA 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	0.65	0.65	0.16	0.03	1.06	6.08
Other Revenue	12.32	9.26	9.81	4.67	0.99	-15.48
Revenue	12.97	9.91	9.97	4.7	2.05	-9.4
Revenue Growth (YoY)	40.50%	-0.54%	111.91%	129.43%	-	-
Cost of Revenue	0.2	0.3	0.31	0.31	0.35	0.32
Gross Profit	12.77	9.62	9.65	4.4	1.7	-9.72
Other Operating Expenses	1.26	1.15	1.25	0.88	0.71	2.07
Operating Expenses	1.26	1.15	1.25	0.88	0.71	2.07
Operating Income	11.51	8.46	8.4	3.52	0.98	-11.8
Interest Expense	-0.61	-0.6	-1	-1.42	-0.6	-1.09
Currency Exchange Gain (Loss)	0.16	0.16	-0.03	-0.05	0.02	-0.76
Other Non Operating Income (Expenses)	3	-	-	-	0.18	-
EBT Excluding Unusual Items	14.05	8.02	7.37	2.05	0.58	-13.65
Gain (Loss) on Sale of Investments	-0.13	-	-	-1.34	-	-8.73
Gain (Loss) on Sale of Assets	-0.12	-	0.17	0.02	-0.02	-
Asset Writedown	0.06	0.06	0.04	-0.02	0.15	-0.44
Legal Settlements	-	-	4.02	0.68	-	-
Other Unusual Items	-0.04	-0.04	5.18	-	-	30.26
Pretax Income	13.82	8.04	16.78	1.38	0.71	7.45
Income Tax Expense	0.1	0.05	0.36	0.05	0.01	0.09
Earnings From Continuing Operations	13.72	7.99	16.42	1.33	0.7	7.36
Net Income to Company	13.72	7.99	16.42	1.33	0.7	7.36
Minority Interest in Earnings	-0.05	0.03	0.04	0.07	-0.07	0.87
Net Income	13.67	8.02	16.45	1.4	0.64	8.23
Net Income to Common	13.67	8.02	16.45	1.4	0.64	8.23
Net Income Growth	94.18%	-51.27%	1072.99%	120.81%	-92.28%	-
Shares Outstanding (Basic)	509	453	389	317	317	317
Shares Outstanding (Diluted)	509	453	389	317	317	317
Shares Change (YoY)	5.30%	16.45%	22.79%	-	-	-
EPS (Basic)	0.03	0.02	0.04	0.00	0.00	0.03
EPS (Diluted)	0.03	0.02	0.04	0.00	0.00	0.03
EPS Growth	84.41%	-58.15%	855.31%	120.86%	-92.28%	-
Free Cash Flow	-9.87	-8.13	-0.58	-1.24	-1.27	8.07
Free Cash Flow Per Share	-0.02	-0.02	-0.00	-0.00	-0.00	0.03
Gross Margin	98.44%	97.01%	96.85%	93.48%	82.82%	-
Operating Margin	88.73%	85.36%	84.26%	74.78%	48.01%	-
Profit Margin	105.42%	80.89%	165.08%	29.82%	30.99%	-
Free Cash Flow Margin	-76.08%	-82.00%	-5.85%	-26.32%	-61.91%	-
EBITDA	11.51	8.47	8.4	3.52	0.99	-11.79
EBITDA Margin	88.76%	85.41%	84.31%	74.86%	48.19%	-
D&A For EBITDA	0	0	0.01	0	0	0
EBIT	11.51	8.46	8.4	3.52	0.98	-11.8
EBIT Margin	88.73%	85.36%	84.26%	74.78%	48.01%	-
Effective Tax Rate	0.75%	0.65%	2.17%	3.68%	0.89%	1.15%
Revenue as Reported	16.06	10.13	19.35	5.33	2.48	19.66

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.