Independent Petroleum Group K.S.C.P. (KWSE:IPG)

KWSE:IPG Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,138	1,221	1,068	1,646	1,001	515.77
Revenue Growth (YoY)	-2.23%	14.36%	-35.14%	64.41%	94.12%	-21.67%
Cost of Revenue	1,100	1,184	1,049	1,621	987.59	495.59
Gross Profit	37.9	36.86	18.14	24.7	13.61	20.18
Selling, General & Admin	7.73	7.81	7.83	8.18	7.79	7.09
Other Operating Expenses	25.89	22.64	5.8	-0.2	0.19	0.18
Operating Expenses	35.05	31.85	15.3	9.78	9.89	9
Operating Income	2.85	5.01	2.83	14.92	3.72	11.17
Interest Expense	-14.69	-16.39	-14.74	-10.3	-3.51	-3.73
Interest & Investment Income	6.27	4.48	6.58	7.04	3.53	3.64
Earnings From Equity Investments	10.52	9.66	8.01	7.64	6.14	6.08
Currency Exchange Gain (Loss)	0.83	0.33	-1.44	-1.33	-0.7	-0.81
Other Non Operating Income (Expenses)	-0.2	-0.19	-0.16	-0.08	-6.54	28.23
EBT Excluding Unusual Items	5.59	2.9	1.07	17.88	2.64	44.58
Gain (Loss) on Sale of Investments	4.22	6.11	6.75	-10.23	4.55	4.64
Other Unusual Items	-	-	-	-	-	-42.34
Pretax Income	9.81	9.01	7.82	7.66	7.19	6.88
Net Income	9.43	9.01	7.82	7.66	7.19	6.88
Net Income to Common	9.43	9.01	7.82	7.66	7.19	6.88
Net Income Growth	17.90%	15.29%	2.12%	6.42%	4.59%	3.66%
Shares Outstanding (Basic)	181	181	181	181	181	181
Shares Outstanding (Diluted)	181	181	181	181	181	181
EPS (Basic)	0.05	0.05	0.04	0.04	0.04	0.04
EPS (Diluted)	0.05	0.05	0.04	0.04	0.04	0.04
EPS Growth	17.90%	15.29%	2.12%	6.42%	4.59%	3.66%
Free Cash Flow	151.27	31.44	-16.79	15.06	-10.55	-4.25
Free Cash Flow Per Share	0.84	0.17	-0.09	0.08	-0.06	-0.02
Dividend Per Share	0.040	0.040	0.030	0.030	0.030	0.030
Dividend Growth	33.33%	33.33%	-	-	-	-
Gross Margin	3.33%	3.02%	1.70%	1.50%	1.36%	3.91%
Operating Margin	0.25%	0.41%	0.27%	0.91%	0.37%	2.17%
Profit Margin	0.83%	0.74%	0.73%	0.46%	0.72%	1.33%
Free Cash Flow Margin	13.29%	2.58%	-1.57%	0.92%	-1.05%	-0.82%
EBITDA	4.29	6.42	4.51	16.73	5.64	12.91
EBITDA Margin	0.38%	0.53%	0.42%	1.02%	0.56%	2.50%
D&A For EBITDA	1.44	1.41	1.68	1.81	1.92	1.73
EBIT	2.85	5.01	2.83	14.92	3.72	11.17
EBIT Margin	0.25%	0.41%	0.27%	0.91%	0.37%	2.17%

Updated Jan 15, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.