ALKOUT INDUSTRIAL PROJECTS CO.

Al-Kout Industrial Projects Co. KSC

ALKOUTStocksBoursa KuwaitMaterials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	37.43M	37.90M	35.13M	38.43M	31.35M
Cost of Revenue	25.91M	24.96M	22.49M	22.99M	21.82M
Gross Profit	11.52M	12.94M	12.64M	15.44M	9.53M
SG&A	4.53M	4.28M	3.84M	4.57M	2.84M
Operating Expenses	4.72M	4.58M	4.02M	5.15M	3.61M
Operating Income	6.79M	8.36M	8.61M	10.28M	5.92M
Interest Income	—	—	—	62.65K	44.16K
Interest Expense	-37.65K	-34.54K	-40.80K	-146.88K	-153.93K
Other Income/Expense	209.14K	39.13K	119.89K	-489.04K	-48.33K
Pretax Income	6.96M	8.69M	8.16M	10.08M	5.04M
Income Tax	73.42K	92.18K	90.31K	114.66K	56.28K
Net Income	6.88M	8.60M	8.07M	9.97M	4.98M
EBITDA	9.71M	11.23M	11.29M	12.72M	8.40M
EBIT	6.79M	8.36M	8.61M	10.28M	5.92M
EPS (Basic)	0.07	0.09	0.08	0.10	0.05
EPS (Diluted)	0.07	0.09	0.08	0.10	0.05
DPS	0.04	0.07	0.05	0.05	0.04
Margins & Efficiency
Gross Margin %	+30.8%	+34.1%	+36.0%	+40.2%	+30.4%
EBITDA Margin %	+26.0%	+29.6%	+32.1%	+33.1%	+26.8%
Net Margin %	+18.4%	+22.7%	+23.0%	+25.9%	+15.9%
Revenue & Income
Revenue	37.43M	37.90M	35.13M	38.43M	31.35M
Revenue Growth (YoY)	-1.2%	+7.9%	-8.6%	+22.6%	+15.5%
Interest & Investment Income	—	—	—	62.65K	44.16K
Earnings From Equity Investments	65.49K	340.04K	-499.01K	51.51K	-414.11K
Gain (Loss) on Sale of Investments	—	—	—	0.26M	-0.27M
Currency Exchange Gain (Loss)	-72.75K	-11.55K	-37.52K	53.19K	-39.34K
Expenses & Provisions
Cost of Revenue	25.91M	24.96M	22.49M	22.99M	21.82M
Selling, General & Admin	4.53M	4.28M	3.84M	4.57M	2.84M
Operating Expenses	4.72M	4.58M	4.02M	5.15M	3.61M
Other Operating Expenses	183.55K	226.81K	229.68K	392.08K	259.71K
Interest Expense	-37.65K	-34.54K	-40.80K	-146.88K	-153.93K
Other Non Operating Income (Expenses)	209.14K	39.13K	119.89K	-489.04K	-48.33K
Asset Writedown	—	—	—	—	—
D&A For EBITDA	2.92M	2.87M	2.68M	2.44M	2.48M
Profitability & Returns
Gross Profit	11.52M	12.94M	12.64M	15.44M	9.53M
Gross Margin	+30.8%	+34.1%	+36.0%	+40.2%	+30.4%
EBIT	6.79M	8.36M	8.61M	10.28M	5.92M
EBIT Margin	+18.1%	+22.1%	+24.5%	+26.8%	+18.9%
EBITDA	9.71M	11.23M	11.29M	12.72M	8.40M
EBITDA Margin	+26.0%	+29.6%	+32.1%	+33.1%	+26.8%
EBT Excluding Unusual Items	6.96M	8.69M	8.16M	9.82M	5.31M
Pretax Income	6.96M	8.69M	8.16M	10.08M	5.04M
Operating Income	6.79M	8.36M	8.61M	10.28M	5.92M
Operating Margin	+18.1%	+22.1%	+24.5%	+26.8%	+18.9%
Profit Margin	+18.4%	+22.7%	+23.0%	+25.9%	+15.9%
Net Income	6.88M	8.60M	8.07M	9.97M	4.98M
Net Income to Common	6.88M	8.60M	8.07M	9.97M	4.98M
Net Income Growth	-20.0%	+6.7%	-19.1%	+100.1%	—
Income Tax Expense	73.42K	92.18K	90.31K	114.66K	56.28K
Effective Tax Rate	+1.1%	+1.1%	+1.1%	+1.1%	+1.1%
Per Share & Capital
EPS (Basic)	0.07	0.09	0.08	0.10	0.05
EPS (Diluted)	0.07	0.09	0.08	0.10	0.05
EPS Growth	-20.0%	+6.7%	-19.1%	+100.1%	—
Dividend Per Share	0.04	0.07	0.05	0.05	0.04
Shares Outstanding (Basic)	100.90M	100.90M	100.90M	100.90M	100.90M
Shares Outstanding (Diluted)	100.90M	100.90M	100.90M	100.90M	100.90M
Dividend Growth	-42.9%	+40.0%	—	+25.0%	+100.0%
Free Cash Flow	6.90M	6.99M	7.11M	9.14M	5.71M
Free Cash Flow Margin	+18.4%	+18.5%	+20.2%	+23.8%	+18.2%
Free Cash Flow Per Share	0.07	0.07	0.07	0.09	0.06
Payout Ratio	+102.6%	+59.5%	+62.0%	+40.5%	+40.5%
Supplemental
Other Unusual Items	—	-0.02K	—	1.11K	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	37.43M	37.90M	35.13M	38.43M	31.35M
Cost of Revenue	25.91M	24.96M	22.49M	22.99M	21.82M
Gross Profit	11.52M	12.94M	12.64M	15.44M	9.53M
SG&A	4.53M	4.28M	3.84M	4.57M	2.84M
Operating Expenses	4.72M	4.58M	4.02M	5.15M	3.61M
Operating Income	6.79M	8.36M	8.61M	10.28M	5.92M
Interest Income	—	—	—	62.65K	44.16K
Interest Expense	-37.65K	-34.54K	-40.80K	-146.88K	-153.93K
Other Income/Expense	209.14K	39.13K	119.89K	-489.04K	-48.33K
Pretax Income	6.96M	8.69M	8.16M	10.08M	5.04M
Income Tax	73.42K	92.18K	90.31K	114.66K	56.28K
Net Income	6.88M	8.60M	8.07M	9.97M	4.98M
EBITDA	9.71M	11.23M	11.29M	12.72M	8.40M
EBIT	6.79M	8.36M	8.61M	10.28M	5.92M
EPS (Basic)	0.07	0.09	0.08	0.10	0.05
EPS (Diluted)	0.07	0.09	0.08	0.10	0.05
DPS	0.04	0.07	0.05	0.05	0.04
Margins & Efficiency
Gross Margin %	+30.8%	+34.1%	+36.0%	+40.2%	+30.4%
EBITDA Margin %	+26.0%	+29.6%	+32.1%	+33.1%	+26.8%
Net Margin %	+18.4%	+22.7%	+23.0%	+25.9%	+15.9%
Revenue & Income
Revenue	37.43M	37.90M	35.13M	38.43M	31.35M
Revenue Growth (YoY)	-1.2%	+7.9%	-8.6%	+22.6%	+15.5%
Interest & Investment Income	—	—	—	62.65K	44.16K
Earnings From Equity Investments	65.49K	340.04K	-499.01K	51.51K	-414.11K
Gain (Loss) on Sale of Investments	—	—	—	0.26M	-0.27M
Currency Exchange Gain (Loss)	-72.75K	-11.55K	-37.52K	53.19K	-39.34K
Expenses & Provisions
Cost of Revenue	25.91M	24.96M	22.49M	22.99M	21.82M
Selling, General & Admin	4.53M	4.28M	3.84M	4.57M	2.84M
Operating Expenses	4.72M	4.58M	4.02M	5.15M	3.61M
Other Operating Expenses	183.55K	226.81K	229.68K	392.08K	259.71K
Interest Expense	-37.65K	-34.54K	-40.80K	-146.88K	-153.93K
Other Non Operating Income (Expenses)	209.14K	39.13K	119.89K	-489.04K	-48.33K
Asset Writedown	—	—	—	—	—
D&A For EBITDA	2.92M	2.87M	2.68M	2.44M	2.48M
Profitability & Returns
Gross Profit	11.52M	12.94M	12.64M	15.44M	9.53M
Gross Margin	+30.8%	+34.1%	+36.0%	+40.2%	+30.4%
EBIT	6.79M	8.36M	8.61M	10.28M	5.92M
EBIT Margin	+18.1%	+22.1%	+24.5%	+26.8%	+18.9%
EBITDA	9.71M	11.23M	11.29M	12.72M	8.40M
EBITDA Margin	+26.0%	+29.6%	+32.1%	+33.1%	+26.8%
EBT Excluding Unusual Items	6.96M	8.69M	8.16M	9.82M	5.31M
Pretax Income	6.96M	8.69M	8.16M	10.08M	5.04M
Operating Income	6.79M	8.36M	8.61M	10.28M	5.92M
Operating Margin	+18.1%	+22.1%	+24.5%	+26.8%	+18.9%
Profit Margin	+18.4%	+22.7%	+23.0%	+25.9%	+15.9%
Net Income	6.88M	8.60M	8.07M	9.97M	4.98M
Net Income to Common	6.88M	8.60M	8.07M	9.97M	4.98M
Net Income Growth	-20.0%	+6.7%	-19.1%	+100.1%	—
Income Tax Expense	73.42K	92.18K	90.31K	114.66K	56.28K
Effective Tax Rate	+1.1%	+1.1%	+1.1%	+1.1%	+1.1%
Per Share & Capital
EPS (Basic)	0.07	0.09	0.08	0.10	0.05
EPS (Diluted)	0.07	0.09	0.08	0.10	0.05
EPS Growth	-20.0%	+6.7%	-19.1%	+100.1%	—
Dividend Per Share	0.04	0.07	0.05	0.05	0.04
Shares Outstanding (Basic)	100.90M	100.90M	100.90M	100.90M	100.90M
Shares Outstanding (Diluted)	100.90M	100.90M	100.90M	100.90M	100.90M
Dividend Growth	-42.9%	+40.0%	—	+25.0%	+100.0%
Free Cash Flow	6.90M	6.99M	7.11M	9.14M	5.71M
Free Cash Flow Margin	+18.4%	+18.5%	+20.2%	+23.8%	+18.2%
Free Cash Flow Per Share	0.07	0.07	0.07	0.09	0.06
Payout Ratio	+102.6%	+59.5%	+62.0%	+40.5%	+40.5%
Supplemental
Other Unusual Items	—	-0.02K	—	1.11K	—