KWSE:MUNSHAAT Income Statement

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

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	20.98	20.54	19.41	18.35	12.6	3.87
Other Revenue	6.05	6.3	3.97	3.74	3.34	0.37
Revenue	27.04	26.84	23.37	22.09	15.94	4.24
Revenue Growth (YoY)	10.85%	14.84%	5.78%	38.60%	275.61%	-
Cost of Revenue	11.53	11.78	11.73	11.46	9.23	5.51
Gross Profit	15.51	15.06	11.64	10.64	6.71	-1.27
Selling, General & Admin	1.43	1.41	1.34	1.43	1.26	1.81
Other Operating Expenses	0.36	0.34	0.16	0.1	0.09	-0.19
Operating Expenses	2.37	2.32	1.62	0.9	2.89	3.41
Operating Income	13.14	12.74	10.02	9.74	3.82	-4.68
Interest Expense	-2.45	-2.59	-2.99	-3.05	-2.51	-2.32
Currency Exchange Gain (Loss)	-0.16	-0.35	0.14	0.04	0.17	-0.1
Other Non Operating Income (Expenses)	4.62	4.62	0.4	-	-	-
EBT Excluding Unusual Items	15.14	14.42	7.58	6.72	1.47	-7.1
Asset Writedown	-0.31	-0.29	-0.28	7.94	-0.34	-1.55
Legal Settlements	-	-	-	-	-	-9.55
Other Unusual Items	-0.26	-0.24	-0.32	0.64	0.8	3.62
Pretax Income	14.58	13.89	6.98	15.3	1.94	-14.58
Income Tax Expense	0.95	0.9	0.39	0.5	0.56	0.09
Earnings From Continuing Operations	13.63	12.98	6.59	14.8	1.38	-14.67
Minority Interest in Earnings	-1.02	-0.76	-0.69	-2.01	-0.18	3.87
Net Income	12.61	12.22	5.9	12.79	1.21	-10.81
Net Income to Common	12.61	12.22	5.9	12.79	1.21	-10.81
Net Income Growth	85.35%	107.09%	-53.86%	960.86%	-	-
Shares Outstanding (Basic)	322	322	322	322	322	322
Shares Outstanding (Diluted)	322	322	322	322	322	322
EPS (Basic)	0.04	0.04	0.02	0.04	0.00	-0.03
EPS (Diluted)	0.04	0.04	0.02	0.04	0.00	-0.03
EPS Growth	85.36%	107.09%	-53.86%	960.96%	-	-
Free Cash Flow	5.98	6.66	6.65	-1.5	7.68	2.63
Free Cash Flow Per Share	0.02	0.02	0.02	-0.01	0.02	0.01
Dividend Per Share	0.005	0.005	-	-	-	-
Gross Margin	57.36%	56.12%	49.80%	48.14%	42.09%	-29.87%
Operating Margin	48.60%	47.46%	42.88%	44.06%	23.94%	-110.20%
Profit Margin	46.65%	45.55%	25.26%	57.91%	7.57%	-254.64%
Free Cash Flow Margin	22.12%	24.83%	28.44%	-6.78%	48.19%	61.87%
EBITDA	13.19	12.79	10.08	9.81	3.9	-4.59
EBITDA Margin	48.79%	47.65%	43.12%	44.40%	24.44%	-108.23%
D&A For EBITDA	0.05	0.05	0.06	0.07	0.08	0.08
EBIT	13.14	12.74	10.02	9.74	3.82	-4.68
EBIT Margin	48.60%	47.46%	42.88%	44.06%	23.94%	-110.20%
Effective Tax Rate	6.51%	6.51%	5.56%	3.24%	28.74%	-

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