KWSE:UPAC Income Statement

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

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	5.55	8.57	10.14	9.89	7.68	6.73
Revenue Growth (YoY)	-38.08%	-15.48%	2.57%	28.70%	14.14%	-49.85%
Cost of Revenue	0.99	1.41	1.17	1.2	1.12	0.8
Gross Profit	4.56	7.16	8.97	8.68	6.56	5.93
Selling, General & Admin	2.97	3.59	3.12	2.87	2.53	2.75
Amortization of Goodwill & Intangibles	1.48	0.51	1.24	1.85	2.01	4.39
Other Operating Expenses	0.02	0.02	0.03	0.02	0.01	-
Operating Expenses	4.47	4.13	4.4	4.76	4.58	7.26
Operating Income	0.09	3.03	4.57	3.93	1.98	-1.33
Interest Expense	-1.26	-0.44	-0.05	-1.33	-2.02	-2.18
Interest & Investment Income	0.32	0.25	0.08	0.05	0.02	0.01
Earnings From Equity Investments	-0.56	-1.81	-1.65	-2.01	-0.13	-1.03
Other Non Operating Income (Expenses)	0.43	0	1.74	0.07	1.06	0.44
EBT Excluding Unusual Items	-0.98	1.03	4.7	0.7	0.92	-4.09
Other Unusual Items	-	-	-3.07	-	-	-
Pretax Income	-0.98	1.03	1.62	0.7	0.92	-4.09
Income Tax Expense	-0.07	0.01	0.01	0.01	0	-
Earnings From Continuing Operations	-0.91	1.03	1.61	0.69	0.92	-4.09
Minority Interest in Earnings	-0.2	-0.07	-0.08	-0.06	-0	0.82
Net Income	-1.11	0.96	1.53	0.63	0.91	-3.27
Net Income to Common	-1.11	0.96	1.53	0.63	0.91	-3.27
Net Income Growth	-	-37.55%	142.84%	-30.98%	-	-
Shares Outstanding (Basic)	378	378	378	378	378	246
Shares Outstanding (Diluted)	378	378	378	378	378	246
Shares Change (YoY)	-	-	-	-	53.66%	2.52%
EPS (Basic)	-0.00	0.00	0.00	0.00	0.00	-0.01
EPS (Diluted)	-0.00	0.00	0.00	0.00	0.00	-0.01
EPS Growth	-	-37.56%	142.93%	-30.99%	-	-
Free Cash Flow	1.37	2.7	5.16	2.53	5.29	1.8
Free Cash Flow Per Share	0.00	0.01	0.01	0.01	0.01	0.01
Gross Margin	82.21%	83.54%	88.47%	87.84%	85.42%	88.05%
Operating Margin	1.61%	35.36%	45.12%	39.73%	25.78%	-19.80%
Profit Margin	-20.00%	11.17%	15.11%	6.38%	11.90%	-48.59%
Free Cash Flow Margin	24.68%	31.55%	50.93%	25.60%	68.86%	26.80%
EBITDA	1.57	3.54	5.82	5.8	4.02	3.18
EBITDA Margin	28.32%	41.33%	57.42%	58.66%	52.36%	47.22%
D&A For EBITDA	1.48	0.51	1.25	1.87	2.04	4.51
EBIT	0.09	3.03	4.57	3.93	1.98	-1.33
EBIT Margin	1.61%	35.36%	45.12%	39.73%	25.78%	-19.80%
Effective Tax Rate	-	0.72%	0.58%	0.83%	0.53%	-

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