Al-Maidan Clinic for Oral Health Services Company K.S.C.P. (KWSE: MIDAN)

MIDAN Income Statement

Financials in millions KWD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	79.77	75.75	72.6	70.82	60.94	55.26
Revenue Growth (YoY)	6.79%	4.35%	2.52%	16.21%	10.27%	13.05%
Cost of Revenue	55.42	53.64	47.69	47.01	40.17	37.57
Gross Profit	24.35	22.12	24.91	23.81	20.77	17.7
Selling, General & Admin	12.29	9.09	8.47	8.88	9.96	10.38
Other Operating Expenses	0.44	0.39	0.44	0.38	0.33	0.24
Operating Expenses	15.56	12.32	12.02	10.61	13.92	11.98
Operating Income	8.79	9.8	12.89	13.2	6.86	5.72
Interest Expense	-0.17	-0.17	-0.1	-0.1	-0.12	-0.12
Interest & Investment Income	0.33	0.33	0.18	0.09	0.04	0.09
Earnings From Equity Investments	0.12	-0.36	-1.07	-0.05	-	-
Other Non Operating Income (Expenses)	3.9	2.55	1.39	0.93	0.67	1.37
EBT Excluding Unusual Items	12.97	12.15	13.29	14.07	7.44	7.05
Gain (Loss) on Sale of Investments	0.22	0.15	-0.67	-1.37	0.44	-0.54
Asset Writedown	-0.59	-	0.02	-2.16	-	-
Other Unusual Items	-0.34	-0.34	-0.31	-0.13	0.05	-
Pretax Income	12.27	11.97	12.34	10.41	7.93	6.51
Income Tax Expense	0.18	0.16	0.18	0.15	0.13	0.1
Earnings From Continuing Operations	12.09	11.81	12.16	10.25	7.8	6.41
Minority Interest in Earnings	-0	0.01	0.02	0.03	0	0
Net Income	12.09	11.82	12.18	10.28	7.81	6.42
Net Income to Common	12.09	11.82	12.18	10.28	7.81	6.42
Net Income Growth	-19.15%	-3.00%	18.49%	31.70%	21.60%	5.77%
Shares Outstanding (Basic)	199	206	224	225	225	225
Shares Outstanding (Diluted)	199	206	224	225	225	225
Shares Change (YoY)	-9.81%	-7.81%	-0.50%	-	-	-
EPS (Basic)	0.06	0.06	0.05	0.05	0.03	0.03
EPS (Diluted)	0.06	0.06	0.05	0.05	0.03	0.03
EPS Growth	-10.35%	5.22%	19.08%	31.70%	21.60%	5.78%
Free Cash Flow	9.77	12.57	13.62	19.94	6.9	9.19
Free Cash Flow Per Share	0.05	0.06	0.06	0.09	0.03	0.04
Dividend Per Share	0.010	0.010	0.006	-	0.011	0.008
Dividend Growth	78.57%	78.57%	-	-	42.31%	0%
Gross Margin	30.53%	29.20%	34.32%	33.62%	34.08%	32.02%
Operating Margin	11.02%	12.94%	17.76%	18.64%	11.25%	10.35%
Profit Margin	15.16%	15.60%	16.78%	14.52%	12.81%	11.62%
Free Cash Flow Margin	12.25%	16.60%	18.75%	28.16%	11.32%	16.64%
EBITDA	10.95	11.82	14.63	14.84	10.11	8.61
EBITDA Margin	13.72%	15.61%	20.16%	20.96%	16.60%	15.58%
D&A For EBITDA	2.16	2.02	1.74	1.64	3.26	2.89
EBIT	8.79	9.8	12.89	13.2	6.86	5.72
EBIT Margin	11.02%	12.94%	17.76%	18.64%	11.25%	10.35%
Effective Tax Rate	1.47%	1.31%	1.45%	1.46%	1.65%	1.49%
Revenue as Reported	4.01	-	-	-	-	-

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