KWSE:NOOR 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	19.99	14.52	13.72	15.45	13.76	13.78
Other Revenue	37.72	42.14	43.61	23.6	21.21	16.58
Revenue	57.7	56.66	57.33	39.05	34.97	30.36
Revenue Growth (YoY)	3.13%	-1.18%	46.80%	11.66%	15.22%	-2.52%
Cost of Revenue	14.94	10.15	9.31	11.03	10.38	11.13
Gross Profit	42.77	46.51	48.02	28.02	24.6	19.23
Selling, General & Admin	5.18	5.13	6.79	5.34	5.88	4.43
Operating Expenses	5.2	5.15	6.11	6.43	5.88	4.98
Operating Income	37.57	41.36	41.91	21.59	18.72	14.25
Interest Expense	-0.17	-0.81	-1.15	-0.92	-0.9	-1.1
Currency Exchange Gain (Loss)	-0.04	0.05	-0.52	-0.12	-0.01	-0.02
EBT Excluding Unusual Items	37.36	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	-	-	-
Pretax Income	37.64	43.26	37.96	20.42	17.93	12.25
Income Tax Expense	0.99	1.09	0.86	0.55	0.21	0.12
Earnings From Continuing Operations	36.65	42.17	37.1	19.87	17.71	12.13
Net Income to Company	36.65	42.17	37.1	19.87	17.71	12.13
Minority Interest in Earnings	-0.22	-0.16	-0.09	-0.05	-0.38	-0.27
Net Income	36.43	42.01	37.01	19.82	17.34	11.86
Net Income to Common	36.43	42.01	37.01	19.82	17.34	11.86
Net Income Growth	-10.24%	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)	0.07	0.08	0.07	0.04	0.03	0.02
EPS (Diluted)	0.07	0.08	0.07	0.04	0.03	0.02
EPS Growth	-10.24%	13.52%	86.71%	12.32%	44.30%	48.36%
Free Cash Flow	0.3	-7.32	2.27	-0.35	-0.04	3.49
Free Cash Flow Per Share	0.00	-0.01	0.00	-0.00	-	0.01
Dividend Per Share	0.035	0.025	0.008	0.005	0.005	0.005
Dividend Growth	337.50%	212.50%	60.00%	4.17%	-	-
Gross Margin	74.12%	82.09%	83.76%	71.75%	70.33%	63.34%
Operating Margin	65.11%	73.00%	73.11%	55.28%	53.52%	46.94%
Profit Margin	63.13%	74.16%	64.56%	50.76%	49.57%	39.06%
Free Cash Flow Margin	0.51%	-12.91%	3.95%	-0.90%	-0.11%	11.48%
EBITDA	37.9	41.68	42.39	21.96	19.14	14.86
EBITDA Margin	65.67%	73.56%	73.94%	56.24%	54.71%	48.94%
D&A For EBITDA	0.33	0.32	0.48	0.37	0.42	0.61
EBIT	37.57	41.36	41.91	21.59	18.72	14.25
EBIT Margin	65.11%	73.00%	73.11%	55.28%	53.52%	46.94%
Effective Tax Rate	2.63%	2.51%	2.26%	2.69%	1.19%	1.00%
Revenue as Reported	57.94	59.36	56.91	38.81	35.08	29.46

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