KWSE:SHIP 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	205.79	163.15	146.88	123.7	128.58
Revenue Growth (YoY)	26.14%	11.08%	18.73%	-3.79%	-15.78%
Cost of Revenue	187.34	147.74	135.25	114.04	117.66
Gross Profit	18.45	15.41	11.63	9.66	10.92
Selling, General & Admin	6.15	4.79	4.19	3.67	3.16
Other Operating Expenses	0.33	0.52	-0.42	0.25	0.63
Operating Expenses	6.48	5.31	3.77	3.92	3.79
Operating Income	11.98	10.1	7.86	5.74	7.13
Interest Expense	-2.18	-1.79	-1.69	-1.03	-0.87
Interest & Investment Income	0.2	0.12	0.12	0.11	0.14
Currency Exchange Gain (Loss)	-0.11	-0.08	0.06	0.15	-0.11
Other Non Operating Income (Expenses)	0.07	0.81	0.85	0.74	0.16
EBT Excluding Unusual Items	9.95	9.16	7.2	5.71	6.45
Pretax Income	9.95	9.16	7.2	5.71	6.45
Income Tax Expense	0.13	0.09	0.09	0.08	0.07
Earnings From Continuing Operations	9.82	9.08	7.11	5.63	6.38
Minority Interest in Earnings	-0	-0	-0	-0	0
Net Income	9.82	9.07	7.11	5.63	6.38
Net Income to Common	9.82	9.07	7.11	5.63	6.38
Net Income Growth	8.22%	27.62%	26.35%	-11.73%	-30.40%
Shares Outstanding (Basic)	180	180	180	180	180
Shares Outstanding (Diluted)	180	180	180	180	180
EPS (Basic)	0.05	0.05	0.04	0.03	0.04
EPS (Diluted)	0.05	0.05	0.04	0.03	0.04
EPS Growth	8.23%	27.61%	26.35%	-11.73%	-30.40%
Free Cash Flow	0.89	-10.43	15.19	1.31	14.22
Free Cash Flow Per Share	0.01	-0.06	0.08	0.01	0.08
Dividend Per Share	0.025	0.035	0.030	0.020	0.020
Dividend Growth	-28.57%	16.67%	50.00%	-	-
Gross Margin	8.97%	9.44%	7.92%	7.81%	8.49%
Operating Margin	5.82%	6.19%	5.35%	4.64%	5.54%
Profit Margin	4.77%	5.56%	4.84%	4.55%	4.96%
Free Cash Flow Margin	0.43%	-6.40%	10.34%	1.06%	11.06%
EBITDA	17.7	14.91	12.15	10.11	14.53
EBITDA Margin	8.60%	9.14%	8.27%	8.17%	11.30%
D&A For EBITDA	5.72	4.81	4.28	4.37	7.4
EBIT	11.98	10.1	7.86	5.74	7.13
EBIT Margin	5.82%	6.19%	5.35%	4.64%	5.54%
Effective Tax Rate	1.34%	0.94%	1.18%	1.42%	1.11%

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