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	Jun '26 Jun 30, 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	2,339	2,283	1,998	1,909	1,728	1,517
Revenue Growth	9.59%	14.27%	4.66%	10.47%	13.89%	-6.63%
Cost of Revenue	824.56	798.24	651.28	617.42	565.59	461.16
Gross Profit	1,515	1,485	1,347	1,292	1,162	1,056
Selling, General & Admin	673.99	661.58	594.29	553.91	457.69	431.35
Other Operating Expenses	41.75	43.94	50.45	48.39	40.34	2.92
Operating Expenses	1,071	1,054	1,039	934.22	833.32	790.53
Operating Income	443.74	430.47	307.83	357.31	329.15	265.57
Interest Expense	-123.14	-123.83	-121.96	-124.41	-87.51	-66.27
Interest & Investment Income	146.36	39.02	16.49	25.1	10.3	3.74
Earnings From Equity Investments	10.99	30.35	2.74	1.17	3.61	3.38
Currency Exchange Gain (Loss)	-12.83	-5.14	16.39	6.04	1.88	-6.65
Other Non Operating Income (Expenses)	-31.62	-49.07	-5.04	-24.68	-1.3	3.97
EBT Excluding Unusual Items	433.49	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	6.91	9.39	-28.03	-	-	2.39
Pretax Income	435.29	326.06	180.29	313.98	235.33	207.08
Income Tax Expense	47.95	42.55	20.46	23.19	10.94	20.6
Earnings From Continuing Operations	387.34	283.51	159.83	290.79	224.39	186.49
Earnings From Discontinued Operations	-	-	0.71	-	-	14.39
Net Income to Company	387.34	283.51	160.54	290.79	224.39	200.88
Minority Interest in Earnings	-55.95	-44.99	-43.27	-75.31	-28.42	-15.13
Net Income	331.39	238.53	117.27	215.47	195.97	185.75
Net Income to Common	331.39	238.53	117.27	215.47	195.97	185.75
Net Income Growth	103.08%	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)	0.08	0.06	0.03	0.05	0.05	0.04
EPS (Diluted)	0.08	0.06	0.03	0.05	0.05	0.04
EPS Growth	103.09%	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	Jun '26 Jun 30, 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	376.3	399.21	282.52	332.93	308.06	195.23
Free Cash Flow Per Share	0.09	0.09	0.07	0.08	0.07	0.04
Dividend Per Share	0.042	0.035	0.035	0.035	0.035	0.033
Dividend Growth	20.00%	0%	0%	0%	6.06%	0%
Gross Margin	64.75%	65.03%	67.40%	67.66%	67.27%	69.61%
Operating Margin	18.97%	18.86%	15.41%	18.72%	19.05%	17.50%
Profit Margin	14.17%	10.45%	5.87%	11.29%	11.34%	12.24%
Free Cash Flow Margin	16.09%	17.49%	14.14%	17.44%	17.83%	12.87%
EBITDA	752.05	732.94	660.44	654.61	631.71	563.49
EBITDA Margin	32.15%	32.10%	33.06%	34.29%	36.56%	37.14%
D&A For EBITDA	308.31	302.47	352.61	297.3	302.56	297.93
EBIT	443.74	430.47	307.83	357.31	329.15	265.57
EBIT Margin	18.97%	18.86%	15.41%	18.72%	19.05%	17.50%
Effective Tax Rate	11.02%	13.05%	11.35%	7.39%	4.65%	9.95%