KWSE:PAPCO 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
Revenue	9.61	8.46	4.3	3.39	3.41
Revenue Growth (YoY)	13.58%	96.88%	26.98%	-0.73%	-0.30%
Cost of Revenue	7.65	6.41	2.49	1.69	2.61
Gross Profit	1.96	2.06	1.8	1.69	0.8
Selling, General & Admin	1.73	1.83	1.86	1.86	1.59
Other Operating Expenses	0.03	0.01	0	-	-
Operating Expenses	1.91	1.87	1.9	1.86	1.59
Operating Income	0.05	0.19	-0.1	-0.17	-0.79
Interest Expense	-0.02	-0.01	-0	-0.01	-
Interest & Investment Income	0.04	0.05	0.07	0.01	0
Earnings From Equity Investments	0.28	0.12	0.14	0.08	0.05
Other Non Operating Income (Expenses)	-0.01	-0.01	-	-	-0.2
EBT Excluding Unusual Items	0.33	0.34	0.1	-0.08	-0.93
Gain (Loss) on Sale of Investments	0.02	0.06	0.1	-0.01	0.01
Gain (Loss) on Sale of Assets	0.22	0.1	0	0.03	0.02
Legal Settlements	0.42	-	-	0.36	-0.36
Pretax Income	0.98	0.5	0.2	0.3	-1.27
Income Tax Expense	0.01	0	0	-	-
Net Income	0.97	0.5	0.2	0.3	-1.27
Net Income to Common	0.97	0.5	0.2	0.3	-1.27
Net Income Growth	95.12%	147.34%	-32.38%	-	-
Shares Outstanding (Basic)	52	52	52	52	52
Shares Outstanding (Diluted)	52	52	52	52	52
EPS (Basic)	0.02	0.01	0.00	0.01	-0.02
EPS (Diluted)	0.02	0.01	0.00	0.01	-0.02
EPS Growth	95.12%	147.37%	-32.38%	-	-
Free Cash Flow	-1.61	0.06	-0.46	0.05	-0.26
Free Cash Flow Per Share	-0.03	0.00	-0.01	0.00	-0.01
Dividend Per Share	-	0.006	0.004	-	-
Dividend Growth	-	50.00%	-	-	-
Gross Margin	20.37%	24.29%	41.97%	49.94%	23.44%
Operating Margin	0.48%	2.22%	-2.27%	-4.89%	-23.08%
Profit Margin	10.10%	5.88%	4.68%	8.79%	-37.20%
Free Cash Flow Margin	-16.72%	0.69%	-10.72%	1.34%	-7.67%
EBITDA	0.34	0.51	0.18	0.05	-0.6
EBITDA Margin	3.54%	6.08%	4.12%	1.45%	-17.70%
D&A For EBITDA	0.29	0.33	0.27	0.21	0.18
EBIT	0.05	0.19	-0.1	-0.17	-0.79
EBIT Margin	0.48%	2.22%	-2.27%	-4.89%	-23.08%
Effective Tax Rate	1.27%	0.96%	0.46%	-	-

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