KWSE:SECH 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	7.75	5.31	4.07	5.95	7.44
Other Revenue	0.67	-0.09	0.82	1.63	0.63
Revenue	8.43	5.22	4.89	7.57	8.06
Revenue Growth (YoY)	61.33%	6.88%	-35.46%	-6.08%	123.33%
Cost of Revenue	5.47	4.36	4.35	3.81	3.78
Gross Profit	2.95	0.86	0.54	3.76	4.29
Selling, General & Admin	1.46	1.48	1.16	1.11	0.5
Amortization of Goodwill & Intangibles	0.43	0.4	0.4	0.35	0.2
Other Operating Expenses	-	-0.02	-0.03	0.05	0.08
Operating Expenses	2.31	2.03	1.73	1.64	0.98
Operating Income	0.64	-1.17	-1.19	2.12	3.31
Interest Expense	-0.43	-0.39	-0.48	-0.09	-0.04
Earnings From Equity Investments	-1.21	0.79	0.54	0.51	0.57
Other Non Operating Income (Expenses)	-	0.01	0.01	-0.02	-
EBT Excluding Unusual Items	-1	-0.76	-1.12	2.53	3.83
Impairment of Goodwill	-0.25	-0.25	-	-0.5	-
Gain (Loss) on Sale of Assets	-	-	0.19	-	-
Pretax Income	-1.25	-1.01	-0.93	2.03	3.83
Income Tax Expense	-	-0.01	-0.01	0.02	0.03
Earnings From Continuing Operations	-1.25	-1	-0.92	2	3.8
Earnings From Discontinued Operations	-	2.39	1.26	0.2	0.02
Net Income to Company	-1.25	1.39	0.34	2.2	3.82
Minority Interest in Earnings	0.01	0.1	0.21	0.14	0.09
Net Income	-1.24	1.49	0.55	2.35	3.91
Net Income to Common	-1.24	1.49	0.55	2.35	3.91
Net Income Growth	-	170.63%	-76.49%	-39.99%	-
Shares Outstanding (Basic)	390	393	404	436	450
Shares Outstanding (Diluted)	390	393	404	436	450
Shares Change (YoY)	-0.62%	-2.90%	-7.19%	-3.20%	4.94%
EPS (Basic)	-0.00	0.00	0.00	0.01	0.01
EPS (Diluted)	-0.00	0.00	0.00	0.01	0.01
EPS Growth	-	178.75%	-74.67%	-38.02%	-
Free Cash Flow	-0.93	-2.95	-1.63	3.79	4.84
Free Cash Flow Per Share	-0.00	-0.01	-0.00	0.01	0.01
Gross Margin	35.05%	16.55%	11.06%	49.71%	53.16%
Operating Margin	7.62%	-22.35%	-24.36%	28.03%	41.03%
Profit Margin	-14.75%	28.60%	11.29%	31.01%	48.53%
Free Cash Flow Margin	-11.05%	-56.55%	-33.31%	50.08%	60.00%
EBITDA	1.28	-0.65	-0.71	2.54	3.65
EBITDA Margin	15.13%	-12.53%	-14.52%	33.48%	45.29%
D&A For EBITDA	0.63	0.51	0.48	0.41	0.34
EBIT	0.64	-1.17	-1.19	2.12	3.31
EBIT Margin	7.62%	-22.35%	-24.36%	28.03%	41.03%
Effective Tax Rate	-	-	-	1.15%	0.91%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.