KWSE:KCEM Income Statement

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

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	82.05	77.31	68.41	65.5	68.58	51.01
Revenue Growth (YoY)	25.92%	13.00%	4.44%	-4.49%	34.46%	20.11%
Cost of Revenue	72.75	69.76	61.55	60.52	66.64	50.15
Gross Profit	9.29	7.55	6.86	4.99	1.94	0.85
Selling, General & Admin	3.74	3.73	3.55	3.32	3.66	3.65
Other Operating Expenses	-0.42	-0.24	-0.13	-0.35	-0.27	-0.44
Operating Expenses	3.2	3.38	3.62	3.14	2.56	3.45
Operating Income	6.09	4.16	3.24	1.85	-0.62	-2.6
Interest Expense	-3.31	-3.33	-3.42	-3.72	-2.18	-1.71
Interest & Investment Income	5.01	5.07	2.6	2.51	5.87	0.81
Earnings From Equity Investments	1.57	1.11	0.67	1.02	0.65	0.78
Currency Exchange Gain (Loss)	0.26	0.18	0.09	0	-0.14	0.01
Other Non Operating Income (Expenses)	-	-	-	-	-0.03	-
EBT Excluding Unusual Items	9.62	7.21	3.19	1.65	3.55	-2.7
Gain (Loss) on Sale of Investments	-0.23	-	-	-	-	-
Asset Writedown	0.11	0.11	0.08	0.11	0.09	-
Pretax Income	9.5	7.32	3.27	1.76	3.64	-2.7
Income Tax Expense	0.25	0.16	0.07	0.01	-	-
Earnings From Continuing Operations	9.25	7.15	3.21	1.75	3.64	-2.7
Minority Interest in Earnings	-0.01	-0.01	-0	-0	-0	0.01
Net Income	9.24	7.15	3.21	1.75	3.64	-2.69
Net Income to Common	9.24	7.15	3.21	1.75	3.64	-2.69
Net Income Growth	236.18%	122.96%	82.93%	-51.85%	-	-
Shares Outstanding (Basic)	713	713	713	713	713	713
Shares Outstanding (Diluted)	713	713	713	713	713	713
EPS (Basic)	0.01	0.01	0.00	0.00	0.01	-0.00
EPS (Diluted)	0.01	0.01	0.00	0.00	0.01	-0.00
EPS Growth	236.21%	122.98%	82.91%	-51.84%	-	-
Free Cash Flow	-2.89	-0.76	3.44	10.94	-11.26	6.42
Free Cash Flow Per Share	-0.00	-0.00	0.01	0.01	-0.02	0.01
Dividend Per Share	0.007	0.007	0.006	-	0.005	0.005
Dividend Growth	16.67%	16.67%	-	-	-	-
Gross Margin	11.33%	9.76%	10.03%	7.61%	2.84%	1.67%
Operating Margin	7.42%	5.39%	4.74%	2.82%	-0.90%	-5.10%
Profit Margin	11.26%	9.25%	4.69%	2.67%	5.31%	-5.28%
Free Cash Flow Margin	-3.52%	-0.98%	5.03%	16.70%	-16.41%	12.59%
EBITDA	8.4	6.57	6.37	4.87	2.71	2.57
EBITDA Margin	10.24%	8.50%	9.32%	7.44%	3.96%	5.03%
D&A For EBITDA	2.31	2.41	3.13	3.03	3.33	5.17
EBIT	6.09	4.16	3.24	1.85	-0.62	-2.6
EBIT Margin	7.42%	5.39%	4.74%	2.82%	-0.90%	-5.10%
Effective Tax Rate	2.64%	2.22%	1.99%	0.31%	-	-

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