KWSE:MUNSHAAT 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	20.54	19.41	18.35	12.6	3.87
Other Revenue	6.3	3.97	3.74	3.34	0.37
Revenue	26.84	23.37	22.09	15.94	4.24
Revenue Growth (YoY)	14.84%	5.78%	38.60%	275.61%	-
Cost of Revenue	11.78	11.73	11.46	9.23	5.51
Gross Profit	15.06	11.64	10.64	6.71	-1.27
Selling, General & Admin	1.41	1.34	1.43	1.26	1.81
Other Operating Expenses	0.34	0.16	0.1	0.09	-0.19
Operating Expenses	2.32	1.62	0.9	2.89	3.41
Operating Income	12.74	10.02	9.74	3.82	-4.68
Interest Expense	-2.59	-2.99	-3.05	-2.51	-2.32
Currency Exchange Gain (Loss)	-0.35	0.14	0.04	0.17	-0.1
Other Non Operating Income (Expenses)	4.62	0.4	-	-	-
EBT Excluding Unusual Items	14.42	7.58	6.72	1.47	-7.1
Asset Writedown	-0.29	-0.28	7.94	-0.34	-1.55
Legal Settlements	-	-	-	-	-9.55
Other Unusual Items	-0.24	-0.32	0.64	0.8	3.62
Pretax Income	13.89	6.98	15.3	1.94	-14.58
Income Tax Expense	0.9	0.39	0.5	0.56	0.09
Earnings From Continuing Operations	12.98	6.59	14.8	1.38	-14.67
Minority Interest in Earnings	-0.76	-0.69	-2.01	-0.18	3.87
Net Income	12.22	5.9	12.79	1.21	-10.81
Net Income to Common	12.22	5.9	12.79	1.21	-10.81
Net Income Growth	107.09%	-53.86%	960.86%	-	-
Shares Outstanding (Basic)	322	322	322	322	322
Shares Outstanding (Diluted)	322	322	322	322	322
EPS (Basic)	0.04	0.02	0.04	0.00	-0.03
EPS (Diluted)	0.04	0.02	0.04	0.00	-0.03
EPS Growth	107.09%	-53.86%	960.96%	-	-
Free Cash Flow	6.66	6.65	-1.5	7.68	2.63
Free Cash Flow Per Share	0.02	0.02	-0.01	0.02	0.01
Dividend Per Share	0.005	-	-	-	-
Gross Margin	56.12%	49.80%	48.14%	42.09%	-29.87%
Operating Margin	47.46%	42.88%	44.06%	23.94%	-110.20%
Profit Margin	45.55%	25.26%	57.91%	7.57%	-254.64%
Free Cash Flow Margin	24.83%	28.44%	-6.78%	48.19%	61.87%
EBITDA	12.79	10.08	9.81	3.9	-4.59
EBITDA Margin	47.65%	43.12%	44.40%	24.44%	-108.23%
D&A For EBITDA	0.05	0.06	0.07	0.08	0.08
EBIT	12.74	10.02	9.74	3.82	-4.68
EBIT Margin	47.46%	42.88%	44.06%	23.94%	-110.20%
Effective Tax Rate	6.51%	5.56%	3.24%	28.74%	-

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