KWSE:STC 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	342.51	336.52	327.37	336.37	296.31
Revenue Growth (YoY)	1.78%	2.79%	-2.67%	13.52%	4.65%
Cost of Revenue	209.6	209.53	197.77	215.99	183.4
Gross Profit	132.92	126.99	129.6	120.37	112.91
Selling, General & Admin	29.03	29.35	30.6	27.69	26.15
Other Operating Expenses	-	1	0.96	0.89	1.15
Operating Expenses	85.79	93.26	80.17	63.85	74.7
Operating Income	47.13	33.73	49.43	56.52	38.22
Interest Expense	-2.22	-2.57	-2.02	-1.41	-2.99
Interest & Investment Income	3.41	3.67	3.14	3.89	0.9
Earnings From Equity Investments	-	-	-	-	-0.05
Currency Exchange Gain (Loss)	0.09	-0.19	-0.4	-0.12	-0.01
Other Non Operating Income (Expenses)	0.58	-0.44	-0.69	1.18	-0.19
EBT Excluding Unusual Items	48.99	34.19	49.45	60.07	35.88
Merger & Restructuring Charges	-1.4	-1.89	-	-	-
Impairment of Goodwill	-	-	-	-	-2.05
Asset Writedown	-9.08	-0.53	-16.39	-26.5	-6.43
Legal Settlements	-	-	-	-	17.93
Pretax Income	38.51	31.77	33.06	33.57	45.33
Income Tax Expense	4.41	0.39	0.38	0.36	0.46
Net Income	34.1	31.38	32.68	33.21	44.87
Net Income to Common	34.1	31.38	32.68	33.21	44.87
Net Income Growth	8.67%	-3.97%	-1.60%	-25.99%	39.82%
Shares Outstanding (Basic)	999	999	999	999	999
Shares Outstanding (Diluted)	999	999	999	999	999
EPS (Basic)	0.03	0.03	0.03	0.03	0.04
EPS (Diluted)	0.03	0.03	0.03	0.03	0.04
EPS Growth	8.67%	-3.97%	-1.60%	-25.99%	39.82%
Free Cash Flow	48.55	67.75	72.39	60.94	41.2
Free Cash Flow Per Share	0.05	0.07	0.07	0.06	0.04
Dividend Per Share	0.038	0.035	0.035	0.030	0.030
Dividend Growth	8.57%	-	16.67%	-	-
Gross Margin	38.81%	37.74%	39.59%	35.79%	38.11%
Operating Margin	13.76%	10.02%	15.10%	16.80%	12.90%
Profit Margin	9.96%	9.32%	9.98%	9.87%	15.14%
Free Cash Flow Margin	14.18%	20.13%	22.11%	18.12%	13.91%
EBITDA	85.78	70.74	88.31	70.72	68.14
EBITDA Margin	25.04%	21.02%	26.98%	21.02%	23.00%
D&A For EBITDA	38.65	37.01	38.88	14.19	29.92
EBIT	47.13	33.73	49.43	56.52	38.22
EBIT Margin	13.76%	10.02%	15.10%	16.80%	12.90%
Effective Tax Rate	11.46%	1.23%	1.16%	1.07%	1.01%

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