IFA Hotels and Resorts - KPSC (KWSE: IFAHR)

IFAHR Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	34.6	35.44	40.01	42.19	21.25	76.52
Other Revenue	21.86	8.74	0.63	1.82	0.42	0.12
Revenue	56.46	44.18	40.64	44.01	21.67	76.64
Revenue Growth (YoY)	54.65%	8.72%	-7.67%	103.12%	-71.73%	31.68%
Cost of Revenue	14.3	15.83	23.97	26.76	13.05	61.83
Gross Profit	42.16	28.35	16.67	17.25	8.62	14.81
Selling, General & Admin	4.91	4.88	4.94	4.29	3.11	6.12
Other Operating Expenses	11.42	11.25	7.44	7.27	7.33	16.86
Operating Expenses	19.86	19.47	15.06	15.21	14.86	26.86
Operating Income	22.29	8.89	1.61	2.04	-6.24	-12.05
Interest Expense	-5.69	-5.5	-4.45	-5.75	-8.02	-9.53
Currency Exchange Gain (Loss)	-	-	-	-	-0.03	0.05
Other Non Operating Income (Expenses)	-	-	-	-0.15	1.82	0.64
EBT Excluding Unusual Items	16.61	3.39	-2.85	-3.85	-12.46	-20.89
Gain (Loss) on Sale of Investments	-	-	-	-	-	-0.03
Gain (Loss) on Sale of Assets	2	13.61	6.71	1.03	0.04	0.08
Asset Writedown	0.04	0.04	0.36	1.17	-	-2.23
Other Unusual Items	-	-	-	-	2.5	1.02
Pretax Income	18.65	17.04	4.23	-1.64	-9.93	-22.05
Income Tax Expense	1.42	0.9	0.25	0.27	-0.35	-0.04
Earnings From Continuing Operations	17.22	16.14	3.97	-1.91	-9.58	-22.01
Earnings From Discontinued Operations	-	-	-	4.23	-3.81	-0.57
Net Income to Company	17.22	16.14	3.97	2.32	-13.39	-22.58
Minority Interest in Earnings	-4.88	-2.23	-1.08	0.41	0.05	0.06
Net Income	12.34	13.91	2.9	2.73	-13.34	-22.52
Net Income to Common	12.34	13.91	2.9	2.73	-13.34	-22.52
Net Income Growth	14.89%	380.47%	6.00%	-	-	-
Shares Outstanding (Basic)	229	229	229	229	229	229
Shares Outstanding (Diluted)	229	229	229	229	229	229
Shares Change (YoY)	0.00%	-	-0.00%	-	-	4.41%
EPS (Basic)	0.05	0.06	0.01	0.01	-0.06	-0.10
EPS (Diluted)	0.05	0.06	0.01	0.01	-0.06	-0.10
EPS Growth	14.89%	380.50%	6.00%	-	-	-
Free Cash Flow	7.15	8.55	19	39.35	0.06	15.38
Free Cash Flow Per Share	0.03	0.04	0.08	0.17	0.00	0.07
Gross Margin	74.67%	64.17%	41.02%	39.20%	39.76%	19.33%
Operating Margin	39.49%	20.11%	3.95%	4.64%	-28.80%	-15.72%
Profit Margin	21.87%	31.49%	7.13%	6.21%	-61.58%	-29.39%
Free Cash Flow Margin	12.66%	19.35%	46.76%	89.41%	0.28%	20.07%
EBITDA	25.37	11.77	4.28	5.69	-3.15	-8.17
EBITDA Margin	44.94%	26.65%	10.53%	12.94%	-14.55%	-10.66%
D&A For EBITDA	3.08	2.89	2.67	3.65	3.09	3.88
EBIT	22.29	8.89	1.61	2.04	-6.24	-12.05
EBIT Margin	39.49%	20.11%	3.95%	4.64%	-28.80%	-15.72%
Effective Tax Rate	7.63%	5.28%	5.97%	-	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.