Kuwait Investment Company K.S.C.P. (KWSE: KINV)

KINV 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	16.92	16.65	20.1	15.63	12.86	17.31
Other Revenue	16.27	9.44	-0.8	25.33	-0.3	17.09
Revenue	33.19	26.09	19.3	40.96	12.55	34.4
Revenue Growth (YoY)	19.67%	35.20%	-52.89%	226.32%	-63.51%	47.70%
Cost of Revenue	-1.23	-1.23	1.89	-0.93	1.37	-1.21
Gross Profit	34.42	27.32	17.4	41.89	11.18	35.6
Selling, General & Admin	14.5	13.5	11.59	13.16	10.52	13.17
Other Operating Expenses	0.32	0.18	0.08	0.74	-	0.48
Operating Expenses	14.82	13.68	11.68	14.23	10.52	14.8
Operating Income	19.6	13.64	5.73	27.66	0.66	20.8
Interest Expense	-4.39	-4.74	-2.66	-1.7	-2.32	-3.17
Interest & Investment Income	-	-	-	-	-	1.19
Currency Exchange Gain (Loss)	-0.34	-0.27	-0.6	-0.06	-0.52	0.08
Other Non Operating Income (Expenses)	-0.1	-0.04	-	-0.25	-	0.01
EBT Excluding Unusual Items	14.77	8.59	2.46	25.66	-2.18	18.92
Gain (Loss) on Sale of Investments	0.04	-	0.22	0.58	-2.14	-
Gain (Loss) on Sale of Assets	-	1.21	0.22	1.25	0.11	0.91
Asset Writedown	0.57	0.57	0.64	1.61	-2.82	-0.1
Legal Settlements	-	-	-	-	-	0.32
Other Unusual Items	-	-	-	-	1.47	-
Pretax Income	15.38	10.37	3.54	29.09	-5.57	20.04
Income Tax Expense	0.09	0.03	-	0.25	-	0.17
Earnings From Continuing Operations	15.29	10.34	3.54	28.84	-5.57	19.87
Earnings From Discontinued Operations	-	-	-	-	-	0.23
Net Income to Company	15.29	10.34	3.54	28.84	-5.57	20.1
Minority Interest in Earnings	-3.35	-3.32	-2.94	-2.06	0	-2.6
Net Income	11.94	7.03	0.6	26.78	-5.57	17.5
Net Income to Common	11.94	7.03	0.6	26.78	-5.57	17.5
Net Income Growth	29.47%	1067.80%	-97.75%	-	-	77.64%
Shares Outstanding (Basic)	543	524	548	548	548	548
Shares Outstanding (Diluted)	543	524	548	548	548	548
Shares Change (YoY)	2.45%	-4.25%	-0.07%	-	-	-
EPS (Basic)	0.02	0.01	0.00	0.05	-0.01	0.03
EPS (Diluted)	0.02	0.01	0.00	0.05	-0.01	0.03
EPS Growth	26.37%	1120.31%	-97.75%	-	-	77.64%
Free Cash Flow	13.36	25.87	9.81	12.42	-0	12.06
Free Cash Flow Per Share	0.02	0.05	0.02	0.02	-0.00	0.02
Dividend Per Share	0.010	0.010	0.005	0.025	-	0.015
Dividend Growth	100.00%	100.00%	-80.00%	-	-	50.00%
Gross Margin	103.70%	104.73%	90.18%	102.28%	89.11%	103.51%
Operating Margin	59.05%	52.29%	29.68%	67.53%	5.28%	60.48%
Profit Margin	35.98%	26.93%	3.12%	65.38%	-44.35%	50.89%
Free Cash Flow Margin	40.26%	99.16%	50.86%	30.31%	-0.02%	35.06%
EBITDA	25.99	20.12	11.27	33.03	6.43	26.97
EBITDA Margin	78.32%	77.11%	58.41%	80.64%	51.25%	78.41%
D&A For EBITDA	6.39	6.48	5.55	5.37	5.77	6.17
EBIT	19.6	13.64	5.73	27.66	0.66	20.8
EBIT Margin	59.05%	52.29%	29.68%	67.53%	5.28%	60.48%
Effective Tax Rate	0.60%	0.31%	-	0.86%	-	0.85%
Revenue as Reported	33.8	27.87	20.38	43.82	12.43	37.84

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