KWSE:URC 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
Operating Revenue	98.02	98.86	84.19	82.92	80.49	82.76
Other Revenue	4.82	4.4	4.61	4.37	4.13	2.15
Revenue	102.84	103.26	88.8	87.29	84.62	84.91
Revenue Growth (YoY)	11.20%	16.29%	1.73%	3.15%	-0.34%	-11.87%
Cost of Revenue	72.29	73.55	58.82	57.79	59.03	61.88
Gross Profit	30.55	29.71	29.98	29.49	25.6	23.03
Selling, General & Admin	8.95	9.45	7.93	7.66	10.9	6.82
Other Operating Expenses	3.32	2.66	-0.5	-6.08	6.47	1.68
Operating Expenses	12.27	12.11	7.43	4.98	20.71	11.69
Operating Income	18.28	17.6	22.55	24.52	4.89	11.34
Interest Expense	-21.19	-22.11	-23.05	-21.41	-13.55	-11.49
Interest & Investment Income	0.78	0.78	2.03	0.04	0.04	0.03
Earnings From Equity Investments	1.49	3.96	2.82	-2.61	0.51	0.89
Currency Exchange Gain (Loss)	-0.17	-0.17	1.7	0.34	-0.07	0.55
Other Non Operating Income (Expenses)	0.94	0.95	4.26	0.79	0.83	0.35
EBT Excluding Unusual Items	0.13	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	-0.03	0.71	2.6	0.15	-2.82
Asset Writedown	5.86	5.86	-5.69	0.67	-22.46	-5.72
Other Unusual Items	-	-	-	-	32.07	-
Pretax Income	5.97	6.85	5.33	4.95	3.57	-6.87
Income Tax Expense	2	2.36	0.2	0.55	-0.12	-0.37
Earnings From Continuing Operations	3.96	4.49	5.14	4.39	3.68	-6.5
Minority Interest in Earnings	1.95	1.62	-0.05	-0.2	-0.29	1.54
Net Income	5.92	6.11	5.09	4.19	3.39	-4.96
Net Income to Common	5.92	6.11	5.09	4.19	3.39	-4.96
Net Income Growth	11.27%	20.10%	21.34%	23.77%	-	-
Shares Outstanding (Basic)	1,350	1,334	1,367	1,367	1,135	1,128
Shares Outstanding (Diluted)	1,350	1,334	1,367	1,367	1,135	1,128
Shares Change (YoY)	-0.10%	-2.40%	-	20.50%	0.58%	-
EPS (Basic)	0.00	0.00	0.00	0.00	0.00	-0.00
EPS (Diluted)	0.00	0.00	0.00	0.00	0.00	-0.00
EPS Growth	11.38%	23.06%	21.32%	2.71%	-	-
Free Cash Flow	29.4	29.07	16.72	15.23	18.06	14.14
Free Cash Flow Per Share	0.02	0.02	0.01	0.01	0.02	0.01
Gross Margin	29.71%	28.77%	33.77%	33.79%	30.25%	27.12%
Operating Margin	17.78%	17.04%	25.40%	28.09%	5.78%	13.35%
Profit Margin	5.75%	5.92%	5.73%	4.80%	4.00%	-5.84%
Free Cash Flow Margin	28.59%	28.15%	18.83%	17.44%	21.35%	16.65%
EBITDA	22.68	21.85	26.24	28.58	9.05	16.18
EBITDA Margin	22.05%	21.16%	29.55%	32.74%	10.69%	19.05%
D&A For EBITDA	4.4	4.24	3.69	4.06	4.16	4.84
EBIT	18.28	17.6	22.55	24.52	4.89	11.34
EBIT Margin	17.78%	17.04%	25.40%	28.09%	5.78%	13.35%
Effective Tax Rate	33.58%	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.