KWSE:SHIP 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
Revenue	206.98	163.15	146.88	123.7	128.58	152.68
Revenue Growth (YoY)	42.80%	11.08%	18.73%	-3.79%	-15.78%	-13.47%
Cost of Revenue	188.89	147.74	135.25	114.04	117.66	137.94
Gross Profit	18.09	15.41	11.63	9.66	10.92	14.74
Selling, General & Admin	6.08	4.79	4.19	3.67	3.16	3.9
Other Operating Expenses	0.43	0.52	-0.42	0.25	0.63	0.72
Operating Expenses	6.51	5.31	3.77	3.92	3.79	4.62
Operating Income	11.58	10.1	7.86	5.74	7.13	10.12
Interest Expense	-2.22	-1.79	-1.69	-1.03	-0.87	-1.17
Interest & Investment Income	0.12	0.12	0.12	0.11	0.14	0.11
Currency Exchange Gain (Loss)	0.03	-0.08	0.06	0.15	-0.11	-0.05
Other Non Operating Income (Expenses)	0.22	0.81	0.85	0.74	0.16	0.23
EBT Excluding Unusual Items	9.73	9.16	7.2	5.71	6.45	9.24
Pretax Income	9.73	9.16	7.2	5.71	6.45	9.24
Income Tax Expense	0.13	0.09	0.09	0.08	0.07	0.09
Earnings From Continuing Operations	9.59	9.08	7.11	5.63	6.38	9.16
Minority Interest in Earnings	-0	-0	-0	-0	0	0
Net Income	9.59	9.07	7.11	5.63	6.38	9.16
Net Income to Common	9.59	9.07	7.11	5.63	6.38	9.16
Net Income Growth	16.69%	27.62%	26.35%	-11.73%	-30.40%	-18.41%
Shares Outstanding (Basic)	180	180	180	180	180	180
Shares Outstanding (Diluted)	180	180	180	180	180	180
EPS (Basic)	0.05	0.05	0.04	0.03	0.04	0.05
EPS (Diluted)	0.05	0.05	0.04	0.03	0.04	0.05
EPS Growth	16.69%	27.61%	26.35%	-11.73%	-30.40%	-18.40%
Free Cash Flow	-5.62	-10.43	15.19	1.31	14.22	5.8
Free Cash Flow Per Share	-0.03	-0.06	0.08	0.01	0.08	0.03
Dividend Per Share	0.035	0.035	0.030	0.020	0.020	0.020
Dividend Growth	16.67%	16.67%	50.00%	-	-	-33.33%
Gross Margin	8.74%	9.44%	7.92%	7.81%	8.49%	9.65%
Operating Margin	5.59%	6.19%	5.35%	4.64%	5.54%	6.63%
Profit Margin	4.63%	5.56%	4.84%	4.55%	4.96%	6.00%
Free Cash Flow Margin	-2.72%	-6.40%	10.34%	1.06%	11.06%	3.80%
EBITDA	17.02	14.91	12.15	10.11	14.53	18.3
EBITDA Margin	8.22%	9.14%	8.27%	8.17%	11.30%	11.99%
D&A For EBITDA	5.45	4.81	4.28	4.37	7.4	8.18
EBIT	11.58	10.1	7.86	5.74	7.13	10.12
EBIT Margin	5.59%	6.19%	5.35%	4.64%	5.54%	6.63%
Effective Tax Rate	1.36%	0.94%	1.18%	1.42%	1.11%	0.92%

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