Specialities Group Holding Company K.P.S.C. (KWSE: SPEC)

SPEC Income Statement

Financials in millions KWD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	12.79	13.29	10.33	21.24	18.47	20.43
Revenue Growth (YoY)	-4.88%	28.61%	-51.37%	15.04%	-9.61%	-8.17%
Cost of Revenue	9.05	9.81	8.77	17.21	16.52	17.51
Gross Profit	3.74	3.48	1.56	4.04	1.94	2.92
Selling, General & Admin	2.1	1.91	1.8	1.62	1.73	1.95
Other Operating Expenses	-0.31	-0.18	-0.11	-0.25	-0.23	-0.19
Operating Expenses	2.08	1.75	1.47	2.73	1.73	1.51
Operating Income	1.65	1.73	0.09	1.31	0.21	1.41
Interest Expense	-0.09	-	-	-	-	-
Interest & Investment Income	0.14	0.36	0.05	0.03	0.02	0.13
Earnings From Equity Investments	-0.07	-0.1	-0.11	-0.14	-0.01	-0.08
Currency Exchange Gain (Loss)	0	0	0.15	0.02	-0	-0
Other Non Operating Income (Expenses)	0	-	-	-0.01	-0	-0.01
EBT Excluding Unusual Items	1.63	1.99	0.18	1.2	0.22	1.44
Gain (Loss) on Sale of Investments	0.12	0.11	-2.78	0.08	-0.01	-0.02
Gain (Loss) on Sale of Assets	-	-	0.69	-	0.06	0.02
Asset Writedown	-	-	4.78	-	-	0.06
Pretax Income	1.75	2.1	2.87	1.29	0.27	1.5
Income Tax Expense	0.04	0.04	0.04	0.01	0	0.01
Earnings From Continuing Operations	1.71	2.07	2.83	1.28	0.27	1.49
Earnings From Discontinued Operations	-0.14	-0.07	-0.81	0.2	-0.19	-0.17
Net Income to Company	1.57	2	2.03	1.47	0.08	1.32
Minority Interest in Earnings	0	0.01	0.03	-0.22	-0	-0
Net Income	1.57	2.01	2.06	1.26	0.08	1.32
Net Income to Common	1.57	2.01	2.06	1.26	0.08	1.32
Net Income Growth	-13.38%	-2.29%	63.78%	1542.12%	-94.21%	-11.79%
Shares Outstanding (Basic)	178	178	178	178	178	178
Shares Outstanding (Diluted)	178	178	178	178	178	178
Shares Change (YoY)	0.02%	-	-0.00%	-0.00%	-	0.00%
EPS (Basic)	0.01	0.01	0.01	0.01	0.00	0.01
EPS (Diluted)	0.01	0.01	0.01	0.01	0.00	0.01
EPS Growth	-13.40%	-2.29%	63.80%	1542.42%	-94.21%	-11.78%
Free Cash Flow	2.47	0.44	-4.68	-2.97	1.43	2.03
Free Cash Flow Per Share	0.01	0.00	-0.03	-0.02	0.01	0.01
Dividend Per Share	0.005	0.005	0.006	0.006	-	-
Dividend Growth	-25.00%	-25.00%	3.23%	-	-	-
Gross Margin	29.21%	26.20%	15.10%	19.00%	10.53%	14.27%
Operating Margin	12.94%	13.00%	0.86%	6.15%	1.15%	6.89%
Profit Margin	12.29%	15.13%	19.91%	5.91%	0.41%	6.46%
Free Cash Flow Margin	19.28%	3.32%	-45.26%	-13.99%	7.75%	9.93%
EBITDA	2.88	2.58	0.41	2.65	0.62	1.75
EBITDA Margin	22.56%	19.38%	3.97%	12.46%	3.37%	8.54%
D&A For EBITDA	1.23	0.85	0.32	1.34	0.41	0.34
EBIT	1.65	1.73	0.09	1.31	0.21	1.41
EBIT Margin	12.94%	13.00%	0.86%	6.15%	1.15%	6.89%
Effective Tax Rate	2.26%	1.69%	1.37%	0.88%	1.31%	0.62%

Source: S&P Capital IQ. Standard template. Financial Sources.