KWSE:KCEM 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
Revenue	77.31	68.41	65.5	68.58	51.01
Revenue Growth (YoY)	13.00%	4.44%	-4.49%	34.46%	20.11%
Cost of Revenue	69.76	61.55	60.52	66.64	50.15
Gross Profit	7.55	6.86	4.99	1.94	0.85
Selling, General & Admin	3.73	3.55	3.32	3.66	3.65
Other Operating Expenses	-0.24	-0.13	-0.35	-0.27	-0.44
Operating Expenses	3.38	3.62	3.14	2.56	3.45
Operating Income	4.16	3.24	1.85	-0.62	-2.6
Interest Expense	-3.33	-3.42	-3.72	-2.18	-1.71
Interest & Investment Income	5.07	2.6	2.51	5.87	0.81
Earnings From Equity Investments	1.11	0.67	1.02	0.65	0.78
Currency Exchange Gain (Loss)	0.18	0.09	0	-0.14	0.01
Other Non Operating Income (Expenses)	-	-	-	-0.03	-
EBT Excluding Unusual Items	7.21	3.19	1.65	3.55	-2.7
Asset Writedown	0.11	0.08	0.11	0.09	-
Pretax Income	7.32	3.27	1.76	3.64	-2.7
Income Tax Expense	0.16	0.07	0.01	-	-
Earnings From Continuing Operations	7.15	3.21	1.75	3.64	-2.7
Minority Interest in Earnings	-0.01	-0	-0	-0	0.01
Net Income	7.15	3.21	1.75	3.64	-2.69
Net Income to Common	7.15	3.21	1.75	3.64	-2.69
Net Income Growth	122.96%	82.93%	-51.85%	-	-
Shares Outstanding (Basic)	713	713	713	713	713
Shares Outstanding (Diluted)	713	713	713	713	713
EPS (Basic)	0.01	0.00	0.00	0.01	-0.00
EPS (Diluted)	0.01	0.00	0.00	0.01	-0.00
EPS Growth	122.98%	82.91%	-51.84%	-	-
Free Cash Flow	-0.76	3.44	10.94	-11.26	6.42
Free Cash Flow Per Share	-0.00	0.01	0.01	-0.02	0.01
Dividend Per Share	0.007	0.006	-	0.005	0.005
Dividend Growth	16.67%	-	-	-	-
Gross Margin	9.76%	10.03%	7.61%	2.84%	1.67%
Operating Margin	5.39%	4.74%	2.82%	-0.90%	-5.10%
Profit Margin	9.25%	4.69%	2.67%	5.31%	-5.28%
Free Cash Flow Margin	-0.98%	5.03%	16.70%	-16.41%	12.59%
EBITDA	6.57	6.37	4.87	2.71	2.57
EBITDA Margin	8.50%	9.32%	7.44%	3.96%	5.03%
D&A For EBITDA	2.41	3.13	3.03	3.33	5.17
EBIT	4.16	3.24	1.85	-0.62	-2.6
EBIT Margin	5.39%	4.74%	2.82%	-0.90%	-5.10%
Effective Tax Rate	2.22%	1.99%	0.31%	-	-

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