KWSE:TROLLEY 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
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Operating Revenue	99.58	93.71	79.25	67.14
Other Revenue	0.43	0.44	0.22	0.16
Revenue	100.01	94.16	79.47	67.3
Revenue Growth (YoY)	21.87%	18.47%	18.10%	-
Cost of Revenue	68.31	64.72	54.34	45.61
Gross Profit	31.7	29.43	25.13	21.69
Selling, General & Admin	10.95	10.52	7.8	6.67
Other Operating Expenses	2.41	2.16	1.55	1.11
Operating Expenses	21.77	20.64	16.07	13.26
Operating Income	9.93	8.8	9.06	8.43
Interest Expense	-0.97	-0.98	-0.92	-0.87
Interest & Investment Income	0.41	0.41	-	-
Pretax Income	9.38	8.23	8.14	7.56
Income Tax Expense	0.22	0.19	0.01	-
Net Income	9.15	8.04	8.13	7.56
Net Income to Common	9.15	8.04	8.13	7.56
Net Income Growth	17.42%	-1.05%	7.58%	-
Shares Outstanding (Basic)	228	228	228	218
Shares Outstanding (Diluted)	228	228	228	218
Shares Change (YoY)	-5.85%	-	4.66%	-
EPS (Basic)	0.04	0.04	0.04	0.03
EPS (Diluted)	0.04	0.04	0.04	0.03
EPS Growth	24.73%	-1.04%	2.79%	-
Free Cash Flow	11.87	7.05	23.25	10.73
Free Cash Flow Per Share	0.05	0.03	0.10	0.05
Dividend Per Share	-	-	0.004	-
Gross Margin	31.70%	31.26%	31.62%	32.23%
Operating Margin	9.93%	9.34%	11.40%	12.53%
Profit Margin	9.15%	8.54%	10.23%	11.23%
Free Cash Flow Margin	11.87%	7.48%	29.26%	15.94%
EBITDA	11.82	10.59	10.35	9.37
EBITDA Margin	11.82%	11.25%	13.02%	13.92%
D&A For EBITDA	1.88	1.8	1.29	0.94
EBIT	9.93	8.8	9.06	8.43
EBIT Margin	9.93%	9.34%	11.40%	12.53%
Effective Tax Rate	2.39%	2.28%	0.13%	-
Revenue as Reported	100.56	94.7	79.54	67.44