KWSE:NAPESCO 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
Revenue	61.08	41.03	39.52	37.18	27.87
Revenue Growth (YoY)	48.88%	3.81%	6.29%	33.42%	4.17%
Cost of Revenue	38.95	27.85	28.65	27.85	21.36
Gross Profit	22.13	13.18	10.87	9.33	6.51
Selling, General & Admin	5.89	3.66	3.11	2.17	1.86
Other Operating Expenses	-	0.39	0.21	0.2	0.14
Operating Expenses	5.98	4.3	3.25	2.58	2.01
Operating Income	16.15	8.89	7.63	6.75	4.51
Interest Expense	-0.03	-0.01	-0.02	-0.03	-0.02
Interest & Investment Income	0.97	0.61	0.93	0.29	0.28
Earnings From Equity Investments	2.7	4.6	-	-	-
Other Non Operating Income (Expenses)	0.02	0.15	0.15	0.34	0
EBT Excluding Unusual Items	19.82	14.24	8.68	7.35	4.76
Gain (Loss) on Sale of Investments	-	-	-	-0.44	-0.11
Gain (Loss) on Sale of Assets	-	-	-	-	0.24
Asset Writedown	-2.91	-	-	-	-
Other Unusual Items	-	2.61	-	-	-
Pretax Income	16.91	16.85	8.68	6.9	4.89
Income Tax Expense	-	0.12	0.09	0.08	0.06
Earnings From Continuing Operations	16.91	16.73	8.6	6.82	4.83
Minority Interest in Earnings	-2.47	-3.3	0	0	-0
Net Income	14.43	13.42	8.6	6.82	4.83
Net Income to Common	14.43	13.42	8.6	6.82	4.83
Net Income Growth	7.52%	56.17%	25.96%	41.16%	-22.88%
Shares Outstanding (Basic)	90	90	97	97	97
Shares Outstanding (Diluted)	90	90	97	97	97
Shares Change (YoY)	-	-6.81%	-0.06%	-	-
EPS (Basic)	0.16	0.15	0.09	0.07	0.05
EPS (Diluted)	0.16	0.15	0.09	0.07	0.05
EPS Growth	7.52%	67.59%	26.03%	41.15%	-22.88%
Free Cash Flow	16.38	13.79	8.79	5.74	7.12
Free Cash Flow Per Share	0.18	0.15	0.09	0.06	0.07
Dividend Per Share	0.095	0.070	0.060	0.050	0.035
Dividend Growth	35.71%	16.67%	20.00%	42.86%	-45.31%
Gross Margin	36.24%	32.13%	27.51%	25.09%	23.37%
Operating Margin	26.45%	21.66%	19.29%	18.15%	16.17%
Profit Margin	23.63%	32.72%	21.75%	18.35%	17.35%
Free Cash Flow Margin	26.82%	33.61%	22.24%	15.44%	25.55%
EBITDA	19.31	11.73	10.16	8.93	6.6
EBITDA Margin	31.61%	28.59%	25.71%	24.02%	23.69%
D&A For EBITDA	3.16	2.84	2.54	2.18	2.1
EBIT	16.15	8.89	7.63	6.75	4.51
EBIT Margin	26.45%	21.66%	19.29%	18.15%	16.17%
Effective Tax Rate	-	0.71%	0.99%	1.16%	1.17%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.