KWSE:MARKAZ 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
Operating Revenue	11.63	10.42	10.21	14.91	13.29
Other Revenue	15.61	10.25	3.15	3.05	17.64
Revenue	27.24	20.66	13.35	17.96	30.93
Revenue Growth (YoY)	31.82%	54.77%	-25.67%	-41.94%	179.77%
Gross Profit	27.24	20.66	13.35	17.96	30.93
Selling, General & Admin	13.54	12	12.94	11.33	11.61
Other Operating Expenses	0.29	0.14	0.13	0.1	0.4
Operating Expenses	13.83	12.14	13.07	11.43	12.01
Operating Income	13.41	8.52	0.28	6.53	18.93
Interest Expense	-3.23	-2.65	-3.52	-2.82	-2.66
Currency Exchange Gain (Loss)	0.4	-0.79	0.23	-0.42	-0.77
Other Non Operating Income (Expenses)	-0.79	-0.71	-0.88	-0.27	-0.81
EBT Excluding Unusual Items	9.79	4.37	-3.89	3.02	14.7
Gain (Loss) on Sale of Investments	-	-	-0.11	-	-
Gain (Loss) on Sale of Assets	0.95	0.43	12.75	1.25	0.47
Asset Writedown	-0.01	-0.1	0.27	0.44	1.72
Pretax Income	10.73	4.7	9.02	4.72	16.89
Income Tax Expense	0.11	0.06	0.05	0.04	0.16
Earnings From Continuing Operations	10.62	4.64	8.97	4.68	16.73
Minority Interest in Earnings	0.2	-0.19	-4.82	-1.82	-1.74
Net Income	10.82	4.46	4.15	2.86	14.99
Net Income to Common	10.82	4.46	4.15	2.86	14.99
Net Income Growth	142.82%	7.45%	44.95%	-80.91%	-
Shares Outstanding (Basic)	489	495	501	502	502
Shares Outstanding (Diluted)	489	495	501	502	502
Shares Change (YoY)	-1.20%	-1.26%	-0.19%	-0.04%	-
EPS (Basic)	0.02	0.01	0.01	0.01	0.03
EPS (Diluted)	0.02	0.01	0.01	0.01	0.03
EPS Growth	145.77%	8.82%	45.23%	-80.90%	-
Free Cash Flow	-1.61	-4.2	-2.23	-1.28	0.56
Free Cash Flow Per Share	-0.00	-0.01	-0.00	-0.00	0.00
Dividend Per Share	0.008	0.007	0.006	0.005	0.009
Dividend Growth	14.29%	16.67%	20.00%	-47.37%	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	49.24%	41.23%	2.08%	36.36%	61.19%
Profit Margin	39.72%	21.56%	31.06%	15.93%	48.45%
Free Cash Flow Margin	-5.90%	-20.31%	-16.71%	-7.14%	1.80%
EBITDA	14.3	9.31	1.72	8.34	20.85
EBITDA Margin	52.49%	45.03%	12.85%	46.41%	67.40%
D&A For EBITDA	0.89	0.79	1.44	1.81	1.92
EBIT	13.41	8.52	0.28	6.53	18.93
EBIT Margin	49.24%	41.23%	2.08%	36.36%	61.19%
Effective Tax Rate	1.06%	1.19%	0.59%	0.85%	0.95%
Revenue as Reported	28.59	20.31	26.32	18.8	30.64

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