KWSE:MUNSHAAT Income Statement

Financials in millions KWD. Fiscal year is January - December.

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	19.9	19.41	18.35	12.6	3.87	2.9
Other Revenue	5.77	3.97	3.74	3.34	0.37	-11.22
Revenue	25.66	23.37	22.09	15.94	4.24	-8.32
Revenue Growth (YoY)	16.02%	5.78%	38.60%	275.61%	-	-
Cost of Revenue	11.06	11.73	11.46	9.23	5.51	5.9
Gross Profit	14.6	11.64	10.64	6.71	-1.27	-14.23
Selling, General & Admin	1.38	1.34	1.43	1.26	1.81	2.25
Other Operating Expenses	0.25	0.16	0.1	0.09	-0.19	-
Operating Expenses	1.67	1.62	0.9	2.89	3.41	5.95
Operating Income	12.93	10.02	9.74	3.82	-4.68	-20.18
Interest Expense	-2.69	-2.99	-3.05	-2.51	-2.32	-3.38
Currency Exchange Gain (Loss)	0.01	0.14	0.04	0.17	-0.1	0.16
Other Non Operating Income (Expenses)	-	0.4	-	-	-	-
EBT Excluding Unusual Items	10.25	7.58	6.72	1.47	-7.1	-23.4
Asset Writedown	-0.34	-0.28	7.94	-0.34	-1.55	-8.14
Legal Settlements	-	-	-	-	-9.55	-
Other Unusual Items	-0.24	-0.32	0.64	0.8	3.62	0.24
Pretax Income	9.67	6.98	15.3	1.94	-14.58	-31.29
Income Tax Expense	0.43	0.39	0.5	0.56	0.09	0.39
Earnings From Continuing Operations	9.23	6.59	14.8	1.38	-14.67	-31.69
Minority Interest in Earnings	-1.06	-0.69	-2.01	-0.18	3.87	5.01
Net Income	8.17	5.9	12.79	1.21	-10.81	-26.67
Net Income to Common	8.17	5.9	12.79	1.21	-10.81	-26.67
Net Income Growth	49.71%	-53.86%	960.86%	-	-	-
Shares Outstanding (Basic)	322	322	322	322	322	322
Shares Outstanding (Diluted)	322	322	322	322	322	322
EPS (Basic)	0.03	0.02	0.04	0.00	-0.03	-0.08
EPS (Diluted)	0.03	0.02	0.04	0.00	-0.03	-0.08
EPS Growth	49.71%	-53.86%	960.96%	-	-	-
Free Cash Flow	5.18	6.65	-1.5	7.68	2.63	0.26
Free Cash Flow Per Share	0.02	0.02	-0.01	0.02	0.01	0.00
Gross Margin	56.90%	49.80%	48.14%	42.09%	-29.87%	-
Operating Margin	50.39%	42.88%	44.06%	23.94%	-110.20%	-
Profit Margin	31.83%	25.26%	57.91%	7.57%	-254.64%	-
Free Cash Flow Margin	20.18%	28.44%	-6.78%	48.19%	61.87%	-
EBITDA	12.99	10.08	9.81	3.9	-4.59	-20.05
EBITDA Margin	50.60%	43.12%	44.40%	24.44%	-108.23%	-
D&A For EBITDA	0.05	0.06	0.07	0.08	0.08	0.13
EBIT	12.93	10.02	9.74	3.82	-4.68	-20.18
EBIT Margin	50.39%	42.88%	44.06%	23.94%	-110.20%	-
Effective Tax Rate	4.50%	5.56%	3.24%	28.74%	-	-

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