KWSE:NINV 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
Operating Revenue	13.44	11.49	10.47	12.16	10.85	7.9
Other Revenue	30.08	19.03	2.86	6.35	28.7	1.71
Revenue	43.51	30.52	13.33	18.5	39.55	9.6
Revenue Growth (YoY)	64.15%	128.91%	-27.95%	-53.21%	311.84%	-49.29%
Cost of Revenue	0	0	0.01	0.01	-	0.2
Gross Profit	43.51	30.52	13.33	18.49	39.55	9.41
Selling, General & Admin	13.96	12.83	8.46	9.14	9.54	6.41
Operating Expenses	14.31	13.18	8.79	9.48	9.94	6.89
Operating Income	29.21	17.34	4.54	9.01	29.61	2.51
Interest Expense	-3.27	-2.76	-1.83	-1.19	-0.67	-0.52
Currency Exchange Gain (Loss)	0.04	0.27	0.44	0.51	0.18	0.55
EBT Excluding Unusual Items	25.98	14.85	3.14	8.32	29.11	2.55
Gain (Loss) on Sale of Investments	-	-	-	-	-	-2.19
Gain (Loss) on Sale of Assets	0.23	0.08	-	0.17	0.14	1.09
Asset Writedown	0.99	0.52	0.04	0.98	-0.52	-2.78
Legal Settlements	-0.76	-0.76	1.32	-	-0.25	-0.9
Pretax Income	26.44	14.69	4.51	9.47	28.49	-2.24
Income Tax Expense	1.33	0.85	0.02	0.3	1.22	-
Earnings From Continuing Operations	25.11	13.84	4.49	9.17	27.27	-2.24
Minority Interest in Earnings	-2.48	-1.71	-0.35	-0.43	-2.88	-0.42
Net Income	22.63	12.13	4.14	8.74	24.39	-2.66
Net Income to Common	22.63	12.13	4.14	8.74	24.39	-2.66
Net Income Growth	91.21%	192.95%	-52.62%	-64.18%	-	-
Shares Outstanding (Basic)	797	797	797	797	795	798
Shares Outstanding (Diluted)	797	797	797	797	795	798
Shares Change (YoY)	-	-	-0.05%	0.32%	-0.38%	-
EPS (Basic)	0.03	0.02	0.01	0.01	0.03	-0.00
EPS (Diluted)	0.03	0.02	0.01	0.01	0.03	-0.00
EPS Growth	91.21%	192.93%	-52.60%	-64.30%	-	-
Free Cash Flow	-6.88	-2.24	-7.89	16.34	8.7	-8.77
Free Cash Flow Per Share	-0.01	-0.00	-0.01	0.02	0.01	-0.01
Dividend Per Share	0.022	0.022	0.015	0.028	0.045	0.011
Dividend Growth	46.67%	46.67%	-46.43%	-37.78%	309.09%	22.22%
Gross Margin	100.00%	100.00%	99.95%	99.94%	100.00%	97.95%
Operating Margin	67.12%	56.81%	34.03%	48.68%	74.87%	26.18%
Profit Margin	52.02%	39.73%	31.05%	47.21%	61.67%	-27.68%
Free Cash Flow Margin	-15.81%	-7.35%	-59.16%	88.30%	22.01%	-91.29%
EBITDA	29.49	17.63	4.78	9.26	29.91	2.82
EBITDA Margin	67.76%	57.78%	35.87%	50.02%	75.63%	29.31%
D&A For EBITDA	0.28	0.3	0.25	0.25	0.3	0.3
EBIT	29.21	17.34	4.54	9.01	29.61	2.51
EBIT Margin	67.12%	56.81%	34.03%	48.68%	74.87%	26.18%
Effective Tax Rate	5.03%	5.76%	0.42%	3.20%	4.29%	-
Revenue as Reported	44.42	31.3	13.8	19.93	39.78	9

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