Noor Financial Investment Company - KPSC (KWSE:NOOR)

KWSE:NOOR Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	14.97	14.52	13.72	15.45	13.76	13.78
Other Revenue	41.42	42.14	43.61	23.6	21.21	16.58
Revenue	56.39	56.66	57.33	39.05	34.97	30.36
Revenue Growth (YoY)	9.14%	-1.18%	46.80%	11.66%	15.22%	-2.52%
Cost of Revenue	10.5	10.15	9.31	11.03	10.38	11.13
Gross Profit	45.89	46.51	48.02	28.02	24.6	19.23
Selling, General & Admin	5.21	5.13	6.79	5.34	5.88	4.43
Operating Expenses	5.23	5.15	6.11	6.43	5.88	4.98
Operating Income	40.66	41.36	41.91	21.59	18.72	14.25
Interest Expense	-0.59	-0.81	-1.15	-0.92	-0.9	-1.1
Currency Exchange Gain (Loss)	-0.09	0.05	-0.52	-0.12	-0.01	-0.02
EBT Excluding Unusual Items	39.98	40.6	40.24	20.55	17.81	13.13
Gain (Loss) on Sale of Assets	-	-	-	-	-0.02	-
Asset Writedown	0.28	0.28	0.1	-0.13	0.14	-0.87
Legal Settlements	2.38	2.38	-2.38	-	-	-
Pretax Income	42.63	43.26	37.96	20.42	17.93	12.25
Income Tax Expense	1.06	1.09	0.86	0.55	0.21	0.12
Earnings From Continuing Operations	41.57	42.17	37.1	19.87	17.71	12.13
Net Income to Company	41.57	42.17	37.1	19.87	17.71	12.13
Minority Interest in Earnings	-0.15	-0.16	-0.09	-0.05	-0.38	-0.27
Net Income	41.42	42.01	37.01	19.82	17.34	11.86
Net Income to Common	41.42	42.01	37.01	19.82	17.34	11.86
Net Income Growth	19.41%	13.52%	86.71%	14.35%	46.20%	46.80%
Shares Outstanding (Basic)	509	509	509	509	500	494
Shares Outstanding (Diluted)	509	509	509	509	500	494
Shares Change (YoY)	-	-	-	1.80%	1.32%	-1.05%
EPS (Basic)	0.08	0.08	0.07	0.04	0.03	0.02
EPS (Diluted)	0.08	0.08	0.07	0.04	0.03	0.02
EPS Growth	19.41%	13.52%	86.71%	12.32%	44.30%	48.36%
Free Cash Flow	-5.53	-7.32	2.27	-0.35	-0.04	3.49
Free Cash Flow Per Share	-0.01	-0.01	0.00	-0.00	-	0.01
Dividend Per Share	0.025	0.025	0.008	0.005	0.005	0.005
Dividend Growth	212.50%	212.50%	60.00%	4.17%	-	-
Gross Margin	81.38%	82.09%	83.76%	71.75%	70.33%	63.34%
Operating Margin	72.11%	73.00%	73.11%	55.28%	53.52%	46.94%
Profit Margin	73.46%	74.16%	64.56%	50.76%	49.57%	39.06%
Free Cash Flow Margin	-9.81%	-12.91%	3.95%	-0.90%	-0.11%	11.48%
EBITDA	41.03	41.68	42.39	21.96	19.14	14.86
EBITDA Margin	72.77%	73.56%	73.94%	56.24%	54.71%	48.94%
D&A For EBITDA	0.37	0.32	0.48	0.37	0.42	0.61
EBIT	40.66	41.36	41.91	21.59	18.72	14.25
EBIT Margin	72.11%	73.00%	73.11%	55.28%	53.52%	46.94%
Effective Tax Rate	2.49%	2.51%	2.26%	2.69%	1.19%	1.00%
Revenue as Reported	58.95	59.36	56.91	38.81	35.08	29.46

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