KWSE:ZAIN 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
Revenue	2,313	2,283	1,998	1,909	1,728	1,517
Revenue Growth	11.68%	14.27%	4.66%	10.47%	13.89%	-6.63%
Cost of Revenue	809.45	798.24	651.28	617.42	565.59	461.16
Gross Profit	1,504	1,485	1,347	1,292	1,162	1,056
Selling, General & Admin	667.41	661.58	594.29	553.91	457.69	431.35
Other Operating Expenses	47.61	43.94	50.45	48.39	40.34	2.92
Operating Expenses	1,066	1,054	1,039	934.22	833.32	790.53
Operating Income	437.48	430.47	307.83	357.31	329.15	265.57
Interest Expense	-123.19	-123.83	-121.96	-124.41	-87.51	-66.27
Interest & Investment Income	62.3	39.02	16.49	25.1	10.3	3.74
Earnings From Equity Investments	29.11	30.35	2.74	1.17	3.61	3.38
Currency Exchange Gain (Loss)	-14.01	-5.14	16.39	6.04	1.88	-6.65
Other Non Operating Income (Expenses)	-34.7	-49.07	-5.04	-24.68	-1.3	3.97
EBT Excluding Unusual Items	356.99	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	-5.12	-9.86	-13.48	-	-
Other Unusual Items	9.39	9.39	-28.03	-	-	2.39
Pretax Income	361.26	326.06	180.29	313.98	235.33	207.08
Income Tax Expense	45.6	42.55	20.46	23.19	10.94	20.6
Earnings From Continuing Operations	315.66	283.51	159.83	290.79	224.39	186.49
Earnings From Discontinued Operations	-	-	0.71	-	-	14.39
Net Income to Company	315.66	283.51	160.54	290.79	224.39	200.88
Minority Interest in Earnings	-50.62	-44.99	-43.27	-75.31	-28.42	-15.13
Net Income	265.05	238.53	117.27	215.47	195.97	185.75
Net Income to Common	265.05	238.53	117.27	215.47	195.97	185.75
Net Income Growth	87.56%	103.40%	-45.58%	9.95%	5.51%	0.32%
Shares Outstanding (Basic)	4,327	4,327	4,327	4,327	4,327	4,327
Shares Outstanding (Diluted)	4,327	4,327	4,327	4,327	4,327	4,327
Shares Change	-	-	-	-	-	-
EPS (Basic)	0.06	0.06	0.03	0.05	0.05	0.04
EPS (Diluted)	0.06	0.06	0.03	0.05	0.05	0.04
EPS Growth	87.56%	103.40%	-45.58%	9.95%	5.50%	0.32%

Additional Metrics

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
Free Cash Flow	414.11	399.21	282.52	332.93	308.06	195.23
Free Cash Flow Per Share	0.10	0.09	0.07	0.08	0.07	0.04
Dividend Per Share	0.035	0.035	0.035	0.035	0.035	0.033
Dividend Growth	0%	0%	0%	0%	6.06%	0%
Gross Margin	65.00%	65.03%	67.40%	67.66%	67.27%	69.61%
Operating Margin	18.91%	18.86%	15.41%	18.72%	19.05%	17.50%
Profit Margin	11.46%	10.45%	5.87%	11.29%	11.34%	12.24%
Free Cash Flow Margin	17.90%	17.49%	14.14%	17.44%	17.83%	12.87%
EBITDA	742.05	732.94	660.44	654.61	631.71	563.49
EBITDA Margin	32.08%	32.10%	33.06%	34.29%	36.56%	37.14%
D&A For EBITDA	304.57	302.47	352.61	297.3	302.56	297.93
EBIT	437.48	430.47	307.83	357.31	329.15	265.57
EBIT Margin	18.91%	18.86%	15.41%	18.72%	19.05%	17.50%
Effective Tax Rate	12.62%	13.05%	11.35%	7.39%	4.65%	9.95%