KWSE:NINV 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
Operating Revenue	15.28	11.49	10.47	12.16	10.85
Other Revenue	30.9	19.03	2.86	6.35	28.7
Revenue	46.18	30.52	13.33	18.5	39.55
Revenue Growth (YoY)	51.32%	128.91%	-27.95%	-53.21%	311.84%
Cost of Revenue	0	0	0.01	0.01	-
Gross Profit	46.18	30.52	13.33	18.49	39.55
Selling, General & Admin	14.65	12.83	8.46	9.14	9.54
Operating Expenses	15.04	13.17	8.79	9.48	9.94
Operating Income	31.14	17.35	4.54	9.01	29.61
Interest Expense	-3.56	-2.76	-1.83	-1.19	-0.67
Currency Exchange Gain (Loss)	0.05	0.27	0.44	0.51	0.18
EBT Excluding Unusual Items	27.63	14.86	3.14	8.32	29.11
Gain (Loss) on Sale of Assets	0.23	0.08	-	0.17	0.14
Asset Writedown	-0.71	0.51	0.04	0.98	-0.52
Legal Settlements	-0.35	-0.76	1.32	-	-0.25
Pretax Income	26.8	14.69	4.51	9.47	28.49
Income Tax Expense	0.97	0.85	0.02	0.3	1.22
Earnings From Continuing Operations	25.84	13.84	4.49	9.17	27.27
Minority Interest in Earnings	-1.8	-1.71	-0.35	-0.43	-2.88
Net Income	24.04	12.13	4.14	8.74	24.39
Net Income to Common	24.04	12.13	4.14	8.74	24.39
Net Income Growth	98.23%	192.95%	-52.62%	-64.18%	-
Shares Outstanding (Basic)	797	797	797	797	795
Shares Outstanding (Diluted)	797	797	797	797	795
Shares Change (YoY)	-	-	-0.05%	0.32%	-0.38%
EPS (Basic)	0.03	0.02	0.01	0.01	0.03
EPS (Diluted)	0.03	0.02	0.01	0.01	0.03
EPS Growth	98.25%	192.93%	-52.60%	-64.30%	-
Free Cash Flow	-8.1	-2.24	-7.89	16.34	8.7
Free Cash Flow Per Share	-0.01	-0.00	-0.01	0.02	0.01
Dividend Per Share	0.025	0.022	0.015	0.028	0.045
Dividend Growth	13.64%	46.67%	-46.43%	-37.78%	309.09%
Gross Margin	100.00%	100.00%	99.95%	99.94%	100.00%
Operating Margin	67.44%	56.84%	34.03%	48.68%	74.87%
Profit Margin	52.05%	39.73%	31.05%	47.21%	61.67%
Free Cash Flow Margin	-17.53%	-7.35%	-59.16%	88.30%	22.01%
EBITDA	31.46	17.63	4.78	9.26	29.91
EBITDA Margin	68.11%	57.78%	35.87%	50.02%	75.63%
D&A For EBITDA	0.31	0.29	0.25	0.25	0.3
EBIT	31.14	17.35	4.54	9.01	29.61
EBIT Margin	67.44%	56.84%	34.03%	48.68%	74.87%
Effective Tax Rate	3.61%	5.76%	0.42%	3.20%	4.29%
Revenue as Reported	46.84	31.3	13.8	19.93	39.78

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