KWSE:SPEC 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	23.64	14.35	13.29	10.33	21.24
Revenue Growth (YoY)	64.77%	7.99%	28.61%	-51.37%	15.04%
Cost of Revenue	18.72	10.42	9.81	8.77	17.21
Gross Profit	4.92	3.93	3.48	1.56	4.04
Selling, General & Admin	2.52	2.11	1.91	1.8	1.62
Other Operating Expenses	-0.15	-0.17	-0.18	-0.11	-0.25
Operating Expenses	2.77	2.94	1.75	1.47	2.73
Operating Income	2.15	0.99	1.73	0.09	1.31
Interest Expense	-0.14	-0.15	-	-	-
Interest & Investment Income	0.28	0.12	0.36	0.05	0.03
Earnings From Equity Investments	-	-	-0.1	-0.11	-0.14
Currency Exchange Gain (Loss)	-	0	0	0.15	0.02
Other Non Operating Income (Expenses)	-	-	-	-	-0.01
EBT Excluding Unusual Items	2.28	0.96	1.99	0.18	1.2
Gain (Loss) on Sale of Investments	-0.02	0.08	0.11	-2.78	0.08
Gain (Loss) on Sale of Assets	0	-	-	0.69	-
Asset Writedown	-0.02	0.88	-	4.78	-
Pretax Income	2.25	1.91	2.1	2.87	1.29
Income Tax Expense	0.05	0.04	0.04	0.04	0.01
Earnings From Continuing Operations	2.2	1.87	2.07	2.83	1.28
Earnings From Discontinued Operations	-	-0.26	-0.07	-0.81	0.2
Net Income to Company	2.2	1.61	2	2.03	1.47
Minority Interest in Earnings	-	-	0.01	0.03	-0.22
Net Income	2.2	1.61	2.01	2.06	1.26
Net Income to Common	2.2	1.61	2.01	2.06	1.26
Net Income Growth	36.52%	-19.95%	-2.29%	63.78%	1542.12%
Shares Outstanding (Basic)	191	191	191	191	191
Shares Outstanding (Diluted)	191	191	191	191	191
Shares Change (YoY)	-	-0.24%	0.24%	-	-
EPS (Basic)	0.01	0.01	0.01	0.01	0.01
EPS (Diluted)	0.01	0.01	0.01	0.01	0.01
EPS Growth	36.52%	-19.76%	-2.53%	63.80%	1542.14%
Free Cash Flow	2.47	1.33	0.44	-4.68	-2.97
Free Cash Flow Per Share	0.01	0.01	0.00	-0.03	-0.02
Dividend Per Share	0.003	0.002	0.004	0.006	0.006
Dividend Growth	57.89%	-57.78%	-23.73%	1.72%	-
Gross Margin	20.82%	27.39%	26.20%	15.10%	19.00%
Operating Margin	9.09%	6.87%	13.00%	0.86%	6.14%
Profit Margin	9.29%	11.21%	15.13%	19.91%	5.91%
Free Cash Flow Margin	10.44%	9.27%	3.32%	-45.26%	-13.99%
EBITDA	3.5	2.19	2.58	0.41	2.65
EBITDA Margin	14.79%	15.25%	19.38%	3.97%	12.46%
D&A For EBITDA	1.35	1.2	0.85	0.32	1.34
EBIT	2.15	0.99	1.73	0.09	1.31
EBIT Margin	9.09%	6.87%	13.00%	0.86%	6.14%
Effective Tax Rate	2.26%	2.30%	1.69%	1.37%	0.88%

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