KWSE:NAPESCO 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
Revenue	56.93	41.03	39.52	37.18	27.87	26.76
Revenue Growth (YoY)	42.45%	3.81%	6.29%	33.42%	4.17%	-23.90%
Cost of Revenue	35.57	27.85	28.65	27.85	21.36	18.93
Gross Profit	21.36	13.18	10.87	9.33	6.51	7.83
Selling, General & Admin	5.55	3.66	3.11	2.17	1.86	2.12
Other Operating Expenses	0.17	0.39	0.21	0.2	0.14	0.18
Operating Expenses	5.91	4.3	3.25	2.58	2.01	2.3
Operating Income	15.45	8.89	7.63	6.75	4.51	5.53
Interest Expense	-0.01	-0.01	-0.02	-0.03	-0.02	-0.05
Interest & Investment Income	0.84	0.61	0.93	0.29	0.28	0.41
Earnings From Equity Investments	3.07	4.6	-	-	-	-
Other Non Operating Income (Expenses)	-0.02	0.15	0.15	0.34	0	-0.02
EBT Excluding Unusual Items	19.32	14.24	8.68	7.35	4.76	5.87
Gain (Loss) on Sale of Investments	-	-	-	-0.44	-0.11	-
Gain (Loss) on Sale of Assets	-	-	-	-	0.24	0.02
Asset Writedown	-0.53	-	-	-	-	-
Other Unusual Items	2.61	2.61	-	-	-	0.45
Pretax Income	21.4	16.85	8.68	6.9	4.89	6.34
Income Tax Expense	0.01	0.12	0.09	0.08	0.06	0.07
Earnings From Continuing Operations	21.4	16.73	8.6	6.82	4.83	6.27
Minority Interest in Earnings	-3.76	-3.3	0	0	-0	0
Net Income	17.63	13.42	8.6	6.82	4.83	6.27
Net Income to Common	17.63	13.42	8.6	6.82	4.83	6.27
Net Income Growth	65.21%	56.17%	25.96%	41.16%	-22.88%	-44.88%
Shares Outstanding (Basic)	90	90	97	97	97	97
Shares Outstanding (Diluted)	90	90	97	97	97	97
Shares Change (YoY)	-1.75%	-6.81%	-0.06%	-	-	-
EPS (Basic)	0.20	0.15	0.09	0.07	0.05	0.06
EPS (Diluted)	0.20	0.15	0.09	0.07	0.05	0.06
EPS Growth	68.16%	67.59%	26.03%	41.15%	-22.88%	-44.88%
Free Cash Flow	16.5	13.79	8.79	5.74	7.12	2.67
Free Cash Flow Per Share	0.18	0.15	0.09	0.06	0.07	0.03
Dividend Per Share	0.070	0.070	0.060	0.050	0.035	0.064
Dividend Growth	16.67%	16.67%	20.00%	42.86%	-45.31%	-8.57%
Gross Margin	37.52%	32.13%	27.51%	25.09%	23.37%	29.25%
Operating Margin	27.14%	21.66%	19.29%	18.15%	16.17%	20.67%
Profit Margin	30.97%	32.72%	21.75%	18.35%	17.35%	23.43%
Free Cash Flow Margin	28.99%	33.61%	22.24%	15.44%	25.55%	9.99%
EBITDA	18.58	11.73	10.16	8.93	6.6	7.65
EBITDA Margin	32.63%	28.59%	25.71%	24.02%	23.69%	28.61%
D&A For EBITDA	3.13	2.84	2.54	2.18	2.1	2.12
EBIT	15.45	8.89	7.63	6.75	4.51	5.53
EBIT Margin	27.14%	21.66%	19.29%	18.15%	16.17%	20.67%
Effective Tax Rate	0.03%	0.71%	0.99%	1.16%	1.17%	1.13%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.