KWSE:NOOR 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	20.67	14.52	13.72	15.45	13.76
Other Revenue	35.28	42.14	43.61	23.6	21.21
Revenue	55.95	56.66	57.33	39.05	34.97
Revenue Growth (YoY)	-1.24%	-1.18%	46.80%	11.66%	15.22%
Cost of Revenue	15.41	10.15	9.31	11.03	10.38
Gross Profit	40.55	46.51	48.02	28.02	24.6
Selling, General & Admin	5.32	5.13	6.79	5.34	5.88
Operating Expenses	5.32	5.15	6.11	6.43	5.88
Operating Income	35.22	41.36	41.91	21.59	18.72
Interest Expense	-0.28	-0.81	-1.15	-0.92	-0.9
Currency Exchange Gain (Loss)	-0.16	0.05	-0.52	-0.12	-0.01
EBT Excluding Unusual Items	34.78	40.6	40.24	20.55	17.81
Gain (Loss) on Sale of Assets	-	-	-	-	-0.02
Asset Writedown	0.68	0.28	0.1	-0.13	0.14
Legal Settlements	-	2.38	-2.38	-	-
Pretax Income	35.46	43.26	37.96	20.42	17.93
Income Tax Expense	0.8	1.09	0.86	0.55	0.21
Earnings From Continuing Operations	34.66	42.17	37.1	19.87	17.71
Net Income to Company	34.66	42.17	37.1	19.87	17.71
Minority Interest in Earnings	-0.17	-0.16	-0.09	-0.05	-0.38
Net Income	34.49	42.01	37.01	19.82	17.34
Net Income to Common	34.49	42.01	37.01	19.82	17.34
Net Income Growth	-17.90%	13.52%	86.71%	14.35%	46.20%
Shares Outstanding (Basic)	509	509	509	509	500
Shares Outstanding (Diluted)	509	509	509	509	500
Shares Change (YoY)	-	-	-	1.80%	1.32%
EPS (Basic)	0.07	0.08	0.07	0.04	0.03
EPS (Diluted)	0.07	0.08	0.07	0.04	0.03
EPS Growth	-17.90%	13.52%	86.71%	12.32%	44.30%
Free Cash Flow	-2.25	-7.32	2.27	-0.35	-0.04
Free Cash Flow Per Share	-0.00	-0.01	0.00	-0.00	-
Dividend Per Share	0.025	0.025	0.008	0.005	0.005
Dividend Growth	-	212.50%	60.00%	4.17%	-
Gross Margin	72.46%	82.09%	83.76%	71.75%	70.33%
Operating Margin	62.95%	73.00%	73.11%	55.28%	53.52%
Profit Margin	61.65%	74.16%	64.56%	50.76%	49.57%
Free Cash Flow Margin	-4.02%	-12.91%	3.95%	-0.90%	-0.11%
EBITDA	35.68	41.68	42.39	21.96	19.14
EBITDA Margin	63.76%	73.56%	73.94%	56.24%	54.71%
D&A For EBITDA	0.45	0.32	0.48	0.37	0.42
EBIT	35.22	41.36	41.91	21.59	18.72
EBIT Margin	62.95%	73.00%	73.11%	55.28%	53.52%
Effective Tax Rate	2.26%	2.51%	2.26%	2.69%	1.19%
Revenue as Reported	56.48	59.36	56.91	38.81	35.08

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