KWSE:SRE Income Statement

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

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	47.88	46.62	44.69	40.59	35.94	21.07
Revenue Growth (YoY)	6.44%	4.32%	10.11%	12.94%	70.59%	8.90%
Cost of Revenue	13.13	12.85	10.24	9.33	8.82	4.87
Gross Profit	34.75	33.78	34.45	31.26	27.12	16.2
Selling, General & Admin	5.09	5.15	5.01	5.12	4.66	4.2
Other Operating Expenses	0.19	0.16	0.33	0.42	0.38	0.25
Operating Expenses	14.16	13.82	13.54	11.73	10.5	7.95
Operating Income	20.6	19.95	20.9	19.53	16.62	8.25
Interest Expense	-13.72	-14.07	-14.27	-	-2.83	-0.51
Interest & Investment Income	0.1	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	-0.04	0.33	-0.02	0.17	0.03
Other Non Operating Income (Expenses)	0.4	0.38	3.5	-6.08	0.05	0.37
EBT Excluding Unusual Items	7.33	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	-0.07	-0.06	-0.13	-0.17	-0.15	0.11
Pretax Income	7.26	6.26	12.86	16.24	15.06	9.63
Income Tax Expense	0.07	0.06	0.13	0.17	0.49	0.28
Earnings From Continuing Operations	7.19	6.2	12.73	16.08	14.57	9.35
Minority Interest in Earnings	-0.08	-0.09	-0.11	-0.06	-0.01	-0
Net Income	7.1	6.11	12.62	16.01	14.56	9.35
Net Income to Common	7.1	6.11	12.62	16.01	14.56	9.35
Net Income Growth	-36.60%	-51.58%	-21.16%	9.95%	55.76%	-56.14%
Shares Outstanding (Basic)	609	602	604	604	598	603
Shares Outstanding (Diluted)	609	602	604	604	598	603
Shares Change (YoY)	2.05%	-0.30%	-0.00%	0.93%	-0.78%	0.21%
EPS (Basic)	0.01	0.01	0.02	0.03	0.02	0.02
EPS (Diluted)	0.01	0.01	0.02	0.03	0.02	0.02
EPS Growth	-37.87%	-51.44%	-21.16%	8.94%	56.98%	-56.23%
Free Cash Flow	22.03	22.9	14.09	15.88	21.28	9.3
Free Cash Flow Per Share	0.04	0.04	0.02	0.03	0.04	0.01
Dividend Per Share	0.015	0.015	0.014	0.014	0.013	0.012
Dividend Growth	4.90%	4.90%	5.15%	4.61%	4.84%	-49.80%
Gross Margin	72.59%	72.45%	77.08%	77.01%	75.46%	76.89%
Operating Margin	43.02%	42.80%	46.77%	48.11%	46.25%	39.14%
Profit Margin	14.83%	13.11%	28.24%	39.45%	40.52%	44.37%
Free Cash Flow Margin	46.01%	49.12%	31.52%	39.14%	59.21%	44.13%
EBITDA	29.48	28.47	29.1	25.71	21.99	11.55
EBITDA Margin	61.57%	61.06%	65.12%	63.35%	61.18%	54.84%
D&A For EBITDA	8.88	8.52	8.2	6.18	5.37	3.31
EBIT	20.6	19.95	20.9	19.53	16.62	8.25
EBIT Margin	43.02%	42.80%	46.77%	48.11%	46.25%	39.14%
Effective Tax Rate	1.02%	1.02%	1.04%	1.04%	3.26%	2.88%

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