KWSE:MASHAER 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	1.41	1.23	1.32	1.49	2.46
Other Revenue	1.37	1.66	1.52	0.15	-1.65
Revenue	2.78	2.89	2.84	1.64	0.8
Revenue Growth (YoY)	-3.77%	2.01%	73.11%	104.26%	-
Cost of Revenue	0.2	0.27	0.25	0.28	0.35
Gross Profit	2.58	2.63	2.58	1.35	0.45
Selling, General & Admin	0.94	1.22	1	0.87	0.92
Other Operating Expenses	0.05	0.04	-0.2	-0.9	-
Operating Expenses	1	1.27	0.82	-0.01	1.16
Operating Income	1.58	1.36	1.77	1.37	-0.7
Interest Expense	-0.15	-0.14	-0.16	-0.1	-0.12
Currency Exchange Gain (Loss)	0.01	0.01	0	0	-
Other Non Operating Income (Expenses)	-0.03	-0.01	-0.03	-	-0.01
EBT Excluding Unusual Items	1.41	1.22	1.58	1.27	-0.83
Gain (Loss) on Sale of Investments	-	-	-	-	-0.42
Gain (Loss) on Sale of Assets	0.35	0.28	0	-	-
Asset Writedown	0.03	0.01	0.14	0.42	-0.21
Pretax Income	1.8	1.51	1.72	1.68	-1.47
Income Tax Expense	0.2	0.14	0.08	0.02	0.06
Earnings From Continuing Operations	1.6	1.38	1.64	1.66	-1.53
Minority Interest in Earnings	-0.1	-0.07	-0.09	-0.12	-0.06
Net Income	1.5	1.3	1.55	1.54	-1.59
Net Income to Common	1.5	1.3	1.55	1.54	-1.59
Net Income Growth	15.36%	-15.96%	0.78%	-	-
Shares Outstanding (Basic)	160	166	176	176	176
Shares Outstanding (Diluted)	160	166	176	176	176
Shares Change (YoY)	-3.19%	-6.00%	-	-	-0.21%
EPS (Basic)	0.01	0.01	0.01	0.01	-0.01
EPS (Diluted)	0.01	0.01	0.01	0.01	-0.01
EPS Growth	19.16%	-10.60%	0.78%	-	-
Free Cash Flow	-0.55	1.02	0.47	0.7	0.46
Free Cash Flow Per Share	-0.00	0.01	0.00	0.00	0.00
Gross Margin	92.73%	90.76%	91.08%	82.66%	56.46%
Operating Margin	56.93%	46.96%	62.32%	83.54%	-87.77%
Profit Margin	53.93%	44.98%	54.60%	93.80%	-197.62%
Free Cash Flow Margin	-19.81%	35.37%	16.41%	42.52%	56.88%
EBITDA	1.6	1.37	1.78	1.38	-0.68
EBITDA Margin	57.29%	47.21%	62.79%	84.39%	-85.21%
D&A For EBITDA	0.01	0.01	0.01	0.01	0.02
EBIT	1.58	1.36	1.77	1.37	-0.7
EBIT Margin	56.93%	46.96%	62.32%	83.54%	-87.77%
Effective Tax Rate	10.88%	9.22%	4.59%	1.41%	-
Revenue as Reported	3.17	3.2	3.23	3.09	0.59

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