KWSE:IFA 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	0.48	0.65	0.16	0.03	1.06
Other Revenue	11.62	9.26	9.81	4.67	0.99
Revenue	12.1	9.91	9.97	4.7	2.05
Revenue Growth (YoY)	22.11%	-0.54%	111.91%	129.43%	-
Cost of Revenue	0.19	0.3	0.31	0.31	0.35
Gross Profit	11.91	9.62	9.65	4.4	1.7
Selling, General & Admin	0.03	0.04	-	-	-
Other Operating Expenses	1.18	1.15	1.25	0.88	0.71
Operating Expenses	1.21	1.19	1.25	0.88	0.71
Operating Income	10.7	8.42	8.4	3.52	0.98
Interest Expense	-0.77	-0.6	-1	-1.42	-0.6
Currency Exchange Gain (Loss)	-0.09	0.16	-0.03	-0.05	0.02
Other Non Operating Income (Expenses)	-2.59	-	-	-	0.18
EBT Excluding Unusual Items	7.26	7.98	7.37	2.05	0.58
Gain (Loss) on Sale of Investments	-0.13	-	-	-1.34	-
Gain (Loss) on Sale of Assets	0.33	-	0.17	0.02	-0.02
Asset Writedown	1.15	0.06	0.04	-0.02	0.15
Legal Settlements	-	-	4.02	0.68	-
Other Unusual Items	3	-	5.18	-	-
Pretax Income	11.61	8.04	16.78	1.38	0.71
Income Tax Expense	0.01	0.05	0.36	0.05	0.01
Earnings From Continuing Operations	11.6	7.99	16.42	1.33	0.7
Net Income to Company	11.6	7.99	16.42	1.33	0.7
Minority Interest in Earnings	-0.08	0.03	0.04	0.07	-0.07
Net Income	11.52	8.02	16.45	1.4	0.64
Net Income to Common	11.52	8.02	16.45	1.4	0.64
Net Income Growth	43.64%	-51.27%	1072.99%	120.81%	-92.28%
Shares Outstanding (Basic)	517	517	389	317	317
Shares Outstanding (Diluted)	517	517	389	317	317
Shares Change (YoY)	-	32.81%	22.79%	-	-
EPS (Basic)	0.02	0.02	0.04	0.00	0.00
EPS (Diluted)	0.02	0.02	0.04	0.00	0.00
EPS Growth	43.64%	-63.31%	855.31%	120.86%	-92.28%
Free Cash Flow	-0.53	-8.13	-0.58	-1.24	-1.27
Free Cash Flow Per Share	-0.00	-0.02	-0.00	-0.00	-0.00
Gross Margin	98.40%	97.01%	96.85%	93.48%	82.82%
Operating Margin	88.42%	84.96%	84.26%	74.78%	48.01%
Profit Margin	95.15%	80.89%	165.08%	29.82%	30.99%
Free Cash Flow Margin	-4.40%	-82.00%	-5.85%	-26.32%	-61.91%
EBITDA	10.71	8.43	8.4	3.52	0.99
EBITDA Margin	88.45%	85.00%	84.31%	74.86%	48.19%
D&A For EBITDA	0	0	0.01	0	0
EBIT	10.7	8.42	8.4	3.52	0.98
EBIT Margin	88.42%	84.96%	84.26%	74.78%	48.01%
Effective Tax Rate	0.07%	0.65%	2.17%	3.68%	0.89%
Revenue as Reported	16.5	10.13	19.35	5.33	2.48

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.