National Industries Company - KPSC (KWSE: NICBM)

NICBM Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	52.27	49.98	48.13	43.05	36.19	48.1
Revenue Growth (YoY)	5.65%	3.83%	11.82%	18.94%	-24.75%	-9.12%
Cost of Revenue	41.83	39.86	37.9	33.01	30.1	39.26
Gross Profit	10.44	10.12	10.23	10.04	6.1	8.84
Selling, General & Admin	7.69	7.72	6.86	6.54	6.47	6.25
Other Operating Expenses	-0.83	-0.85	-0.97	-0.81	-0.59	-0.61
Operating Expenses	7.45	6.91	6.09	5.96	6.07	6.01
Operating Income	2.99	3.2	4.14	4.08	0.03	2.84
Interest Expense	-0.18	-0.12	-0.14	-0.07	-0.06	-0.11
Interest & Investment Income	1.25	1.22	0.68	1.29	0.11	2.39
Earnings From Equity Investments	-0.25	-0.24	-0.25	-0.1	-0.19	-0.49
Currency Exchange Gain (Loss)	-0.01	-0.01	-0	-0	0	-0
Other Non Operating Income (Expenses)	-0.05	-0.04	-0.04	-0.04	-	-0.04
EBT Excluding Unusual Items	3.74	4.01	4.39	5.16	-0.11	4.58
Gain (Loss) on Sale of Investments	-0.24	-0.15	-	-	-	-0.06
Asset Writedown	0.09	0.09	0.18	0.52	0.05	-0.01
Other Unusual Items	-	-	-	-	0.23	-
Pretax Income	5.72	3.95	4.56	5.68	0.17	4.5
Income Tax Expense	0.07	0.04	0.05	0.05	0	0.04
Earnings From Continuing Operations	5.65	3.91	4.51	5.62	0.17	4.46
Earnings From Discontinued Operations	0.04	-0.09	-0.25	-1.64	-0.9	-0.43
Net Income to Company	5.69	3.82	4.27	3.98	-0.73	4.03
Minority Interest in Earnings	-0.22	0.03	0.11	0.54	0.67	0.27
Net Income	5.47	3.85	4.38	4.51	-0.06	4.29
Net Income to Common	5.47	3.85	4.38	4.51	-0.06	4.29
Net Income Growth	29.87%	-12.24%	-2.89%	-	-	8.15%
Shares Outstanding (Basic)	350	350	350	350	350	349
Shares Outstanding (Diluted)	352	351	351	351	351	350
Shares Change (YoY)	0.12%	0.07%	0.03%	-0.10%	0.45%	-0.19%
EPS (Basic)	0.02	0.01	0.01	0.01	-0.00	0.01
EPS (Diluted)	0.02	0.01	0.01	0.01	-0.00	0.01
EPS Growth	29.26%	-12.27%	-2.95%	-	-	8.30%
Free Cash Flow	5.68	10.65	4.59	5.58	2.34	4.83
Free Cash Flow Per Share	0.02	0.03	0.01	0.02	0.01	0.01
Dividend Per Share	0.010	0.010	0.010	0.010	-	0.010
Gross Margin	19.98%	20.24%	21.26%	23.32%	16.84%	18.38%
Operating Margin	5.72%	6.41%	8.60%	9.48%	0.07%	5.90%
Profit Margin	10.46%	7.70%	9.11%	10.49%	-0.17%	8.93%
Free Cash Flow Margin	10.86%	21.31%	9.54%	12.96%	6.47%	10.05%
EBITDA	6.4	6.33	7	6.9	3.31	5.96
EBITDA Margin	12.24%	12.67%	14.55%	16.02%	9.14%	12.38%
D&A For EBITDA	3.41	3.13	2.86	2.82	3.28	3.12
EBIT	2.99	3.2	4.14	4.08	0.03	2.84
EBIT Margin	5.72%	6.41%	8.60%	9.48%	0.07%	5.90%
Effective Tax Rate	1.18%	0.96%	1.09%	0.96%	1.84%	0.93%

Source: S&P Capital IQ. Standard template. Financial Sources.