KWSE:NINV Income Statement

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

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	14.02	15.28	11.49	10.47	12.16	10.85
Other Revenue	19.6	30.9	19.03	2.86	6.35	28.7
Revenue	33.61	46.18	30.52	13.33	18.5	39.55
Revenue Growth (YoY)	2.49%	51.32%	128.91%	-27.95%	-53.21%	311.84%
Cost of Revenue	0	0	0	0.01	0.01	-
Gross Profit	33.61	46.18	30.52	13.33	18.49	39.55
Selling, General & Admin	14.73	14.65	12.83	8.46	9.14	9.54
Operating Expenses	15.11	15.04	13.17	8.79	9.48	9.94
Operating Income	18.5	31.14	17.35	4.54	9.01	29.61
Interest Expense	-3.81	-3.56	-2.76	-1.83	-1.19	-0.67
Currency Exchange Gain (Loss)	0.61	0.05	0.27	0.44	0.51	0.18
EBT Excluding Unusual Items	15.3	27.63	14.86	3.14	8.32	29.11
Gain (Loss) on Sale of Assets	0.41	0.23	0.08	-	0.17	0.14
Asset Writedown	-0.71	-0.71	0.51	0.04	0.98	-0.52
Legal Settlements	-0.35	-0.35	-0.76	1.32	-	-0.25
Pretax Income	14.66	26.8	14.69	4.51	9.47	28.49
Income Tax Expense	0.71	0.97	0.85	0.02	0.3	1.22
Earnings From Continuing Operations	13.95	25.84	13.84	4.49	9.17	27.27
Minority Interest in Earnings	-1.12	-1.8	-1.71	-0.35	-0.43	-2.88
Net Income	12.83	24.04	12.13	4.14	8.74	24.39
Net Income to Common	12.83	24.04	12.13	4.14	8.74	24.39
Net Income Growth	-8.24%	98.23%	192.95%	-52.62%	-64.18%	-
Shares Outstanding (Basic)	797	797	797	797	797	795
Shares Outstanding (Diluted)	797	797	797	797	797	795
Shares Change (YoY)	-0.02%	-	-	-0.05%	0.32%	-0.38%
EPS (Basic)	0.02	0.03	0.02	0.01	0.01	0.03
EPS (Diluted)	0.02	0.03	0.02	0.01	0.01	0.03
EPS Growth	-8.23%	98.25%	192.93%	-52.60%	-64.30%	-
Free Cash Flow	-5.21	-8.1	-2.24	-7.89	16.34	8.7
Free Cash Flow Per Share	-0.01	-0.01	-0.00	-0.01	0.02	0.01
Dividend Per Share	0.025	0.025	0.022	0.015	0.028	0.045
Dividend Growth	13.64%	13.64%	46.67%	-46.43%	-37.78%	309.09%
Gross Margin	99.99%	100.00%	100.00%	99.95%	99.94%	100.00%
Operating Margin	55.04%	67.44%	56.84%	34.03%	48.68%	74.87%
Profit Margin	38.17%	52.05%	39.73%	31.05%	47.21%	61.67%
Free Cash Flow Margin	-15.50%	-17.53%	-7.35%	-59.16%	88.30%	22.01%
EBITDA	18.78	31.46	17.63	4.78	9.26	29.91
EBITDA Margin	55.88%	68.11%	57.78%	35.87%	50.02%	75.63%
D&A For EBITDA	0.28	0.31	0.29	0.25	0.25	0.3
EBIT	18.5	31.14	17.35	4.54	9.01	29.61
EBIT Margin	55.04%	67.44%	56.84%	34.03%	48.68%	74.87%
Effective Tax Rate	4.85%	3.61%	5.76%	0.42%	3.20%	4.29%
Revenue as Reported	34.9	46.84	31.3	13.8	19.93	39.78

Source: S&P Global Market Intelligence. Standard template. Financial Sources.