KWSE:SRE 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	46.62	44.69	40.59	35.94	21.07
Revenue Growth (YoY)	4.32%	10.11%	12.94%	70.59%	8.90%
Cost of Revenue	12.85	10.24	9.33	8.82	4.87
Gross Profit	33.78	34.45	31.26	27.12	16.2
Selling, General & Admin	5.15	5.01	5.12	4.66	4.2
Other Operating Expenses	0.16	0.33	0.42	0.38	0.25
Operating Expenses	13.82	13.54	11.73	10.5	7.95
Operating Income	19.95	20.9	19.53	16.62	8.25
Interest Expense	-14.07	-14.27	-	-2.83	-0.51
Interest & Investment Income	0.1	0.17	0.06	0.55	0.03
Earnings From Equity Investments	-	1.61	2.67	2.33	0
Currency Exchange Gain (Loss)	-0.04	0.33	-0.02	0.17	0.03
Other Non Operating Income (Expenses)	0.38	3.5	-6.08	0.05	0.37
EBT Excluding Unusual Items	6.33	12.25	16.15	16.89	8.16
Gain (Loss) on Sale of Assets	-	0.62	0.54	-	1.36
Asset Writedown	-	0.12	-1.03	-1.67	-
Other Unusual Items	-0.06	-0.13	-0.17	-0.15	0.11
Pretax Income	6.26	12.86	16.24	15.06	9.63
Income Tax Expense	0.06	0.13	0.17	0.49	0.28
Earnings From Continuing Operations	6.2	12.73	16.08	14.57	9.35
Minority Interest in Earnings	-0.09	-0.11	-0.06	-0.01	-0
Net Income	6.11	12.62	16.01	14.56	9.35
Net Income to Common	6.11	12.62	16.01	14.56	9.35
Net Income Growth	-51.58%	-21.16%	9.95%	55.76%	-56.14%
Shares Outstanding (Basic)	602	604	604	598	603
Shares Outstanding (Diluted)	602	604	604	598	603
Shares Change (YoY)	-0.30%	-0.00%	0.93%	-0.78%	0.21%
EPS (Basic)	0.01	0.02	0.03	0.02	0.02
EPS (Diluted)	0.01	0.02	0.03	0.02	0.02
EPS Growth	-51.44%	-21.16%	8.94%	56.98%	-56.23%
Free Cash Flow	22.9	14.09	15.88	21.28	9.3
Free Cash Flow Per Share	0.04	0.02	0.03	0.04	0.01
Dividend Per Share	0.015	0.014	0.014	0.013	0.012
Dividend Growth	4.90%	5.15%	4.61%	4.84%	-49.80%
Gross Margin	72.45%	77.08%	77.01%	75.46%	76.89%
Operating Margin	42.80%	46.77%	48.11%	46.25%	39.14%
Profit Margin	13.11%	28.24%	39.45%	40.52%	44.37%
Free Cash Flow Margin	49.12%	31.52%	39.14%	59.21%	44.13%
EBITDA	28.47	29.1	25.71	21.99	11.55
EBITDA Margin	61.06%	65.12%	63.35%	61.18%	54.84%
D&A For EBITDA	8.52	8.2	6.18	5.37	3.31
EBIT	19.95	20.9	19.53	16.62	8.25
EBIT Margin	42.80%	46.77%	48.11%	46.25%	39.14%
Effective Tax Rate	1.02%	1.04%	1.04%	3.26%	2.88%

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