Accolade 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	2016 - 2020
Period Ending	Mar '25 Mar 31, 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	2016 - 2020
Revenue	2,042	1,972	1,909	1,728	1,517	1,625	Upgrade
Revenue Growth (YoY)	7.09%	3.30%	10.47%	13.89%	-6.63%	-2.17%	Upgrade
Cost of Revenue	682.61	648.78	617.42	565.59	461.16	447.77	Upgrade
Gross Profit	1,359	1,323	1,292	1,162	1,056	1,177	Upgrade
Selling, General & Admin	598.14	584.57	553.91	457.69	431.35	467.49	Upgrade
Other Operating Expenses	53.32	53.52	48.39	40.34	2.92	47.37	Upgrade
Operating Expenses	996.22	979.6	934.22	833.32	790.53	874.5	Upgrade
Operating Income	363.17	343.54	357.31	329.15	265.57	302.63	Upgrade
Interest Expense	-121.39	-121.64	-124.41	-87.51	-66.27	-87.62	Upgrade
Interest & Investment Income	27.74	16.38	25.1	10.3	3.74	6.12	Upgrade
Earnings From Equity Investments	4.27	2.74	1.17	3.61	3.38	0.77	Upgrade
Currency Exchange Gain (Loss)	7.66	11.67	6.04	1.88	-6.65	-14.44	Upgrade
Other Non Operating Income (Expenses)	-6.93	-1.06	-24.68	-1.3	3.97	1.15	Upgrade
EBT Excluding Unusual Items	274.53	251.63	240.53	256.13	203.74	208.6	Upgrade
Impairment of Goodwill	-	-	-	-21.2	-	-	Upgrade
Gain (Loss) on Sale of Assets	1.73	1.73	86.92	0.4	0.96	6.21	Upgrade
Asset Writedown	-9.66	-9.66	-13.48	-	-	-	Upgrade
Other Unusual Items	25.07	25.07	-	-	2.39	16.29	Upgrade
Pretax Income	291.67	268.77	313.98	235.33	207.08	231.09	Upgrade
Income Tax Expense	19.54	18.52	23.19	10.94	20.6	23.06	Upgrade
Earnings From Continuing Operations	272.13	250.25	290.79	224.39	186.49	208.03	Upgrade
Earnings From Discontinued Operations	0.71	0.71	-	-	14.39	0.18	Upgrade
Net Income to Company	272.84	250.96	290.79	224.39	200.88	208.21	Upgrade
Minority Interest in Earnings	-45.91	-43.27	-75.31	-28.42	-15.13	-23.06	Upgrade
Net Income	226.94	207.69	215.47	195.97	185.75	185.15	Upgrade
Net Income to Common	226.94	207.69	215.47	195.97	185.75	185.15	Upgrade
Net Income Growth	31.10%	-3.61%	9.95%	5.51%	0.32%	-14.65%	Upgrade
Shares Outstanding (Basic)	4,327	4,327	4,327	4,327	4,327	4,327	Upgrade
Shares Outstanding (Diluted)	4,327	4,327	4,327	4,327	4,327	4,327	Upgrade
EPS (Basic)	0.05	0.05	0.05	0.05	0.04	0.04	Upgrade
EPS (Diluted)	0.05	0.05	0.05	0.05	0.04	0.04	Upgrade
EPS Growth	31.10%	-3.61%	9.95%	5.50%	0.32%	-14.65%	Upgrade
Free Cash Flow	266.22	243.34	332.93	308.06	195.23	345.42	Upgrade
Free Cash Flow Per Share	0.06	0.06	0.08	0.07	0.04	0.08	Upgrade
Dividend Per Share	0.035	0.035	0.035	0.035	0.033	0.033	Upgrade
Dividend Growth	-	-	-	6.06%	-	-	Upgrade
Gross Margin	66.57%	67.10%	67.66%	67.27%	69.61%	72.44%	Upgrade
Operating Margin	17.79%	17.42%	18.72%	19.05%	17.50%	18.62%	Upgrade
Profit Margin	11.11%	10.53%	11.29%	11.34%	12.24%	11.39%	Upgrade
Free Cash Flow Margin	13.04%	12.34%	17.44%	17.83%	12.87%	21.26%	Upgrade
EBITDA	665.28	644.25	654.61	631.71	563.49	612.71	Upgrade
EBITDA Margin	32.58%	32.67%	34.29%	36.56%	37.14%	37.71%	Upgrade
D&A For EBITDA	302.11	300.71	297.3	302.56	297.93	310.09	Upgrade
EBIT	363.17	343.54	357.31	329.15	265.57	302.63	Upgrade
EBIT Margin	17.79%	17.42%	18.72%	19.05%	17.50%	18.62%	Upgrade
Effective Tax Rate	6.70%	6.89%	7.39%	4.65%	9.95%	9.98%	Upgrade

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