KWSE:URC 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
Operating Revenue	98.86	84.19	82.92	80.49	82.76
Other Revenue	4.4	4.61	4.37	4.13	2.15
Revenue	103.26	88.8	87.29	84.62	84.91
Revenue Growth (YoY)	16.29%	1.73%	3.15%	-0.34%	-11.87%
Cost of Revenue	73.55	58.82	57.79	59.03	61.88
Gross Profit	29.71	29.98	29.49	25.6	23.03
Selling, General & Admin	9.45	7.93	7.66	10.9	6.82
Other Operating Expenses	2.66	-0.5	-6.08	6.47	1.68
Operating Expenses	12.11	7.43	4.98	20.71	11.69
Operating Income	17.6	22.55	24.52	4.89	11.34
Interest Expense	-22.11	-23.05	-21.41	-13.55	-11.49
Interest & Investment Income	0.78	2.03	0.04	0.04	0.03
Earnings From Equity Investments	3.96	2.82	-2.61	0.51	0.89
Currency Exchange Gain (Loss)	-0.17	1.7	0.34	-0.07	0.55
Other Non Operating Income (Expenses)	0.95	4.26	0.79	0.83	0.35
EBT Excluding Unusual Items	1.01	10.31	1.67	-7.36	1.67
Gain (Loss) on Sale of Investments	-	-	-	1.16	-
Gain (Loss) on Sale of Assets	-0.03	0.71	2.6	0.15	-2.82
Asset Writedown	5.86	-5.69	0.67	-22.46	-5.72
Other Unusual Items	-	-	-	32.07	-
Pretax Income	6.85	5.33	4.95	3.57	-6.87
Income Tax Expense	2.36	0.2	0.55	-0.12	-0.37
Earnings From Continuing Operations	4.49	5.14	4.39	3.68	-6.5
Minority Interest in Earnings	1.62	-0.05	-0.2	-0.29	1.54
Net Income	6.11	5.09	4.19	3.39	-4.96
Net Income to Common	6.11	5.09	4.19	3.39	-4.96
Net Income Growth	20.10%	21.34%	23.77%	-	-
Shares Outstanding (Basic)	1,334	1,367	1,367	1,135	1,128
Shares Outstanding (Diluted)	1,334	1,367	1,367	1,135	1,128
Shares Change (YoY)	-2.40%	-	20.50%	0.58%	-
EPS (Basic)	0.00	0.00	0.00	0.00	-0.00
EPS (Diluted)	0.00	0.00	0.00	0.00	-0.00
EPS Growth	23.06%	21.32%	2.71%	-	-
Free Cash Flow	29.07	16.72	15.23	18.06	14.14
Free Cash Flow Per Share	0.02	0.01	0.01	0.02	0.01
Gross Margin	28.77%	33.77%	33.79%	30.25%	27.12%
Operating Margin	17.04%	25.40%	28.09%	5.78%	13.35%
Profit Margin	5.92%	5.73%	4.80%	4.00%	-5.84%
Free Cash Flow Margin	28.15%	18.83%	17.44%	21.35%	16.65%
EBITDA	21.85	26.24	28.58	9.05	16.18
EBITDA Margin	21.16%	29.55%	32.74%	10.69%	19.05%
D&A For EBITDA	4.24	3.69	4.06	4.16	4.84
EBIT	17.6	22.55	24.52	4.89	11.34
EBIT Margin	17.04%	25.40%	28.09%	5.78%	13.35%
Effective Tax Rate	34.46%	3.67%	11.21%	-	-
Revenue as Reported	-	-	87.29	84.62	84.91

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