KWSE:NICBM 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	54.37	51.42	49.98	48.13	43.05
Revenue Growth (YoY)	5.73%	2.89%	3.83%	11.82%	18.94%
Cost of Revenue	44.64	41.49	39.91	37.9	33.01
Gross Profit	9.73	9.93	10.07	10.23	10.04
Selling, General & Admin	7.95	7.71	7.67	6.86	6.54
Other Operating Expenses	-0.71	-0.46	-0.46	-0.97	-0.81
Operating Expenses	7.54	7.87	7.25	6.09	5.96
Operating Income	2.19	2.06	2.82	4.14	4.08
Interest Expense	-0.17	-0.18	-0.12	-0.14	-0.07
Interest & Investment Income	2.27	2.52	1.7	0.68	1.29
Earnings From Equity Investments	-0.33	-0.16	-0.24	-0.25	-0.1
Currency Exchange Gain (Loss)	-0.01	0.08	-0.01	-0	-0
Other Non Operating Income (Expenses)	-0.04	-0.06	-0.04	-0.04	-0.04
EBT Excluding Unusual Items	3.91	4.27	4.1	4.39	5.16
Gain (Loss) on Sale of Investments	0.24	-0.09	-0.15	-	-
Asset Writedown	-	-	-	0.18	0.52
Legal Settlements	-	2.13	-	-	-
Pretax Income	4.15	6.32	3.95	4.56	5.68
Income Tax Expense	0.05	0.06	0.04	0.05	0.05
Earnings From Continuing Operations	4.1	6.26	3.91	4.51	5.62
Earnings From Discontinued Operations	-	-	-0.09	-0.25	-1.64
Net Income to Company	4.1	6.26	3.82	4.27	3.98
Minority Interest in Earnings	-0.51	-0.2	0.03	0.11	0.54
Net Income	3.59	6.06	3.85	4.38	4.51
Net Income to Common	3.59	6.06	3.85	4.38	4.51
Net Income Growth	-40.82%	57.53%	-12.25%	-2.89%	-
Shares Outstanding (Basic)	347	350	350	350	350
Shares Outstanding (Diluted)	348	352	351	351	351
Shares Change (YoY)	-1.03%	0.14%	0.07%	0.03%	-0.10%
EPS (Basic)	0.01	0.02	0.01	0.01	0.01
EPS (Diluted)	0.01	0.02	0.01	0.01	0.01
EPS Growth	-40.19%	57.27%	-12.27%	-2.96%	-
Free Cash Flow	7.33	4.83	10.65	4.59	5.58
Free Cash Flow Per Share	0.02	0.01	0.03	0.01	0.02
Dividend Per Share	0.010	0.010	0.010	0.010	0.010
Gross Margin	17.89%	19.31%	20.14%	21.26%	23.32%
Operating Margin	4.02%	4.01%	5.63%	8.60%	9.48%
Profit Margin	6.60%	11.78%	7.70%	9.11%	10.49%
Free Cash Flow Margin	13.48%	9.39%	21.31%	9.54%	12.96%
EBITDA	5.59	5.44	5.94	7	6.9
EBITDA Margin	10.28%	10.58%	11.89%	14.55%	16.02%
D&A For EBITDA	3.41	3.38	3.13	2.86	2.82
EBIT	2.19	2.06	2.82	4.14	4.08
EBIT Margin	4.02%	4.01%	5.63%	8.60%	9.48%
Effective Tax Rate	1.12%	0.88%	0.96%	1.09%	0.95%

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