KWSE:ZAIN 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
Revenue	2,283	1,998	1,909	1,728	1,517
Revenue Growth (YoY)	14.27%	4.66%	10.47%	13.89%	-6.63%
Cost of Revenue	798.24	651.28	617.42	565.59	461.16
Gross Profit	1,485	1,347	1,292	1,162	1,056
Selling, General & Admin	661.58	594.29	553.91	457.69	431.35
Other Operating Expenses	43.94	50.45	48.39	40.34	2.92
Operating Expenses	1,054	1,039	934.22	833.32	790.53
Operating Income	430.47	307.83	357.31	329.15	265.57
Interest Expense	-123.83	-121.96	-124.41	-87.51	-66.27
Interest & Investment Income	39.02	16.49	25.1	10.3	3.74
Earnings From Equity Investments	30.35	2.74	1.17	3.61	3.38
Currency Exchange Gain (Loss)	-5.14	16.39	6.04	1.88	-6.65
Other Non Operating Income (Expenses)	-49.07	-5.04	-24.68	-1.3	3.97
EBT Excluding Unusual Items	321.79	216.46	240.53	256.13	203.74
Impairment of Goodwill	-	-	-	-21.2	-
Gain (Loss) on Sale of Assets	-	1.73	86.92	0.4	0.96
Asset Writedown	-5.12	-9.86	-13.48	-	-
Other Unusual Items	9.39	-28.03	-	-	2.39
Pretax Income	326.06	180.29	313.98	235.33	207.08
Income Tax Expense	42.55	20.46	23.19	10.94	20.6
Earnings From Continuing Operations	283.51	159.83	290.79	224.39	186.49
Earnings From Discontinued Operations	-	0.71	-	-	14.39
Net Income to Company	283.51	160.54	290.79	224.39	200.88
Minority Interest in Earnings	-44.99	-43.27	-75.31	-28.42	-15.13
Net Income	238.53	117.27	215.47	195.97	185.75
Net Income to Common	238.53	117.27	215.47	195.97	185.75
Net Income Growth	103.40%	-45.58%	9.95%	5.51%	0.32%
Shares Outstanding (Basic)	4,327	4,327	4,327	4,327	4,327
Shares Outstanding (Diluted)	4,327	4,327	4,327	4,327	4,327
EPS (Basic)	0.06	0.03	0.05	0.05	0.04
EPS (Diluted)	0.06	0.03	0.05	0.05	0.04
EPS Growth	103.40%	-45.58%	9.95%	5.50%	0.32%
Free Cash Flow	399.21	282.52	332.93	308.06	195.23
Free Cash Flow Per Share	0.09	0.07	0.08	0.07	0.04
Dividend Per Share	0.035	0.035	0.035	0.035	0.033
Dividend Growth	-	-	-	6.06%	-
Gross Margin	65.03%	67.40%	67.66%	67.27%	69.61%
Operating Margin	18.86%	15.41%	18.72%	19.05%	17.50%
Profit Margin	10.45%	5.87%	11.29%	11.34%	12.24%
Free Cash Flow Margin	17.49%	14.14%	17.44%	17.83%	12.87%
EBITDA	732.94	660.44	654.61	631.71	563.49
EBITDA Margin	32.10%	33.06%	34.29%	36.56%	37.14%
D&A For EBITDA	302.47	352.61	297.3	302.56	297.93
EBIT	430.47	307.83	357.31	329.15	265.57
EBIT Margin	18.86%	15.41%	18.72%	19.05%	17.50%
Effective Tax Rate	13.05%	11.35%	7.39%	4.65%	9.95%

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