Noor Financial Investment Company - KPSC (KWSE: NOOR)

NOOR 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
Operating Revenue	13.59	13.72	15.45	13.76	13.78	14.07
Other Revenue	42.37	43.61	23.6	21.21	16.58	17.07
Revenue	55.95	57.33	39.05	34.97	30.36	31.14
Revenue Growth (YoY)	3.25%	46.80%	11.66%	15.22%	-2.52%	-0.21%
Cost of Revenue	9.26	9.31	11.03	10.38	11.13	10.56
Gross Profit	46.7	48.02	28.02	24.6	19.23	20.58
Selling, General & Admin	5.51	6.79	5.34	5.88	4.43	5.9
Operating Expenses	4.11	6.11	6.43	5.88	4.98	5.9
Operating Income	42.58	41.91	21.59	18.72	14.25	14.68
Interest Expense	-1.09	-1.15	-0.92	-0.9	-1.1	-1.81
Interest & Investment Income	-	-	-	-	-	0.07
Currency Exchange Gain (Loss)	0.01	-0.52	-0.12	-0.01	-0.02	-0.89
Other Non Operating Income (Expenses)	-	-	-	-	-	0.07
EBT Excluding Unusual Items	41.51	40.24	20.55	17.81	13.13	12.12
Gain (Loss) on Sale of Investments	-	-	-	-	-	0.2
Gain (Loss) on Sale of Assets	-	-	-	-0.02	-	-
Asset Writedown	0.1	0.1	-0.13	0.14	-0.87	-2.63
Legal Settlements	-	-2.38	-	-	-	0.81
Pretax Income	41.61	37.96	20.42	17.93	12.25	10.5
Income Tax Expense	0.9	0.86	0.55	0.21	0.12	0.13
Earnings From Continuing Operations	40.71	37.1	19.87	17.71	12.13	10.38
Earnings From Discontinued Operations	-	-	-	-	-	-1.46
Net Income to Company	40.71	37.1	19.87	17.71	12.13	8.92
Minority Interest in Earnings	-0.12	-0.09	-0.05	-0.38	-0.27	-0.84
Net Income	40.59	37.01	19.82	17.34	11.86	8.08
Net Income to Common	40.59	37.01	19.82	17.34	11.86	8.08
Net Income Growth	20.28%	86.71%	14.35%	46.20%	46.80%	-67.48%
Shares Outstanding (Basic)	509	509	509	500	494	499
Shares Outstanding (Diluted)	509	509	509	500	494	499
Shares Change (YoY)	-	-	1.80%	1.32%	-1.05%	-0.40%
EPS (Basic)	0.08	0.07	0.04	0.03	0.02	0.02
EPS (Diluted)	0.08	0.07	0.04	0.03	0.02	0.02
EPS Growth	20.28%	86.71%	12.32%	44.30%	48.36%	-67.35%
Free Cash Flow	-8.32	2.27	-0.35	-0.04	3.49	-0.06
Free Cash Flow Per Share	-0.02	0.00	-0.00	-0.00	0.01	-0.00
Dividend Per Share	0.008	0.008	0.005	0.005	0.005	0.005
Dividend Growth	60.00%	60.00%	4.17%	0%	0%	20.00%
Gross Margin	83.45%	83.76%	71.75%	70.33%	63.34%	66.10%
Operating Margin	76.11%	73.10%	55.28%	53.52%	46.93%	47.14%
Profit Margin	72.54%	64.56%	50.76%	49.57%	39.06%	25.94%
Free Cash Flow Margin	-14.86%	3.95%	-0.90%	-0.11%	11.49%	-0.20%
EBITDA	43.06	42.39	21.96	19.14	14.86	15.47
EBITDA Margin	76.96%	73.94%	56.24%	54.71%	48.94%	49.69%
D&A For EBITDA	0.48	0.48	0.37	0.42	0.61	0.79
EBIT	42.58	41.91	21.59	18.72	14.25	14.68
EBIT Margin	76.11%	73.10%	55.28%	53.52%	46.93%	47.14%
Effective Tax Rate	2.17%	2.26%	2.69%	1.19%	1.00%	1.21%
Revenue as Reported	58.44	56.91	38.81	35.08	29.46	29.99

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