ALSAFAT INVESTMENT COMPANY

Al Safat Investment Co. KSCC

ALSAFATStocksBoursa KuwaitReal Estate

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	5.01M	3.65M	1.95M	3.41M	5.30M
Cost of Revenue	2.13M	2.00M	2.00M	2.33M	2.49M
Gross Profit	2.88M	1.65M	-0.05M	1.08M	2.81M
SG&A	2.42M	2.49M	2.97M	2.07M	2.52M
Operating Expenses	1.08M	1.20M	1.83M	0.99M	1.08M
Operating Income	1.80M	0.45M	-1.88M	0.09M	1.73M
Interest Expense	-262.07K	-311.35K	-291.88K	-194.58K	-235.21K
Other Income/Expense	5.24M	0.09M	0.65M	2.65M	-0.01M
Pretax Income	5.62M	0.07M	-0.73M	0.21M	1.53M
Income Tax	58.37K	—	8.87K	—	8.23K
Net Income	5.60M	0.22M	1.04M	0.19M	1.44M
EBITDA	2.05M	0.76M	-1.43M	0.37M	2.08M
EBIT	1.80M	0.45M	-1.88M	0.09M	1.73M
EPS (Basic)	0.02	0.00	0.00	0.00	0.01
EPS (Diluted)	0.02	0.00	0.00	0.00	0.01
Margins & Efficiency
Gross Margin %	+57.5%	+45.2%	-2.7%	+31.7%	+53.0%
EBITDA Margin %	+40.9%	+20.8%	-73.6%	+10.7%	+39.2%
Net Margin %	+111.9%	+6.0%	+53.4%	+5.5%	+27.1%
Revenue & Income
Revenue	5.01M	3.65M	1.95M	3.41M	5.30M
Revenue Growth (YoY)	+37.3%	+87.6%	-42.9%	-35.8%	+125.4%
Operating Revenue	3.42M	2.89M	2.77M	3.10M	3.45M
Other Revenue	1.59M	0.76M	-0.83M	0.31M	1.86M
Gain (Loss) on Sale of Assets	-6.44K	—	—	-9.23K	—
Gain (Loss) on Sale of Investments	—	—	—	—	—
Currency Exchange Gain (Loss)	-0.70M	-0.29M	-0.20M	-1.01M	-0.02M
Expenses & Provisions
Cost of Revenue	2.13M	2.00M	2.00M	2.33M	2.49M
Selling, General & Admin	2.42M	2.49M	2.97M	2.07M	2.52M
Operating Expenses	1.08M	1.20M	1.83M	0.99M	1.08M
Other Operating Expenses	-1.55M	-1.60M	-1.27M	-1.16M	-1.37M
Interest Expense	-262.07K	-311.35K	-291.88K	-194.58K	-235.21K
Other Non Operating Income (Expenses)	5.24M	0.09M	0.65M	2.65M	-0.01M
Legal Settlements	—	—	—	—	—
Asset Writedown	-0.45M	0.12M	-4.70M	-1.32M	0.07M
Impairment of Goodwill	—	—	—	—	—
D&A For EBITDA	248.23K	309.56K	448.87K	273.63K	349.82K
Profitability & Returns
Gross Profit	2.88M	1.65M	-0.05M	1.08M	2.81M
Gross Margin	+57.5%	+45.2%	-2.7%	+31.7%	+53.0%
EBIT	1.80M	0.45M	-1.88M	0.09M	1.73M
EBIT Margin	+35.9%	+12.3%	-96.6%	+2.7%	+32.6%
EBITDA	2.05M	0.76M	-1.43M	0.37M	2.08M
EBITDA Margin	+40.9%	+20.8%	-73.6%	+10.7%	+39.2%
EBT Excluding Unusual Items	6.08M	-0.06M	-1.72M	1.55M	1.46M
Pretax Income	5.62M	0.07M	-0.73M	0.21M	1.53M
Operating Income	1.80M	0.45M	-1.88M	0.09M	1.73M
Operating Margin	+35.9%	+12.3%	-96.6%	+2.7%	+32.6%
Profit Margin	+111.9%	+6.0%	+53.4%	+5.5%	+27.1%
Net Income	5.60M	0.22M	1.04M	0.19M	1.44M
Net Income to Common	5.60M	0.22M	1.04M	0.19M	1.44M
Net Income to Company	5.56M	0.48M	-1.49M	-0.03M	1.30M
Net Income Growth	+2,474.5%	-79.1%	+459.8%	-87.1%	-80.1%
Earnings From Continuing Ops.	5.56M	0.07M	-0.74M	0.21M	1.52M
Earnings From Discontinued Ops.	—	416.68K	-755.70K	-244.95K	-223.13K
Minority Interest in Earnings	0.04M	-0.27M	2.53M	0.22M	0.14M
Income Tax Expense	58.37K	—	8.87K	—	8.23K
Effective Tax Rate	+1.0%	—	—	—	+0.5%
Per Share & Capital
EPS (Basic)	0.02	0.00	0.00	0.00	0.01
EPS (Diluted)	0.02	0.00	0.00	0.00	0.01
EPS Growth	+2,410.1%	-81.3%	+439.7%	-87.1%	-80.1%
Shares Change (YoY)	0.03	0.12	0.04	—	-0
Shares Outstanding (Basic)	279.43M	272.43M	242.94M	233.94M	233.94M
Shares Outstanding (Diluted)	279.43M	272.43M	242.94M	233.94M	233.94M
Free Cash Flow	5.39M	-1.14M	-2.06M	-1.24M	0.20M
Free Cash Flow Margin	+107.7%	-31.2%	-105.9%	-36.3%	+3.7%
Free Cash Flow Per Share	0.02	-0.00	-0.01	-0.01	0.00
Payout Ratio	+23.8%	—	—	—	—
Supplemental
Other Unusual Items	—	—	5.69M	—	—

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	5.01M	3.65M	1.95M	3.41M	5.30M
Cost of Revenue	2.13M	2.00M	2.00M	2.33M	2.49M
Gross Profit	2.88M	1.65M	-0.05M	1.08M	2.81M
SG&A	2.42M	2.49M	2.97M	2.07M	2.52M
Operating Expenses	1.08M	1.20M	1.83M	0.99M	1.08M
Operating Income	1.80M	0.45M	-1.88M	0.09M	1.73M
Interest Expense	-262.07K	-311.35K	-291.88K	-194.58K	-235.21K
Other Income/Expense	5.24M	0.09M	0.65M	2.65M	-0.01M
Pretax Income	5.62M	0.07M	-0.73M	0.21M	1.53M
Income Tax	58.37K	—	8.87K	—	8.23K
Net Income	5.60M	0.22M	1.04M	0.19M	1.44M
EBITDA	2.05M	0.76M	-1.43M	0.37M	2.08M
EBIT	1.80M	0.45M	-1.88M	0.09M	1.73M
EPS (Basic)	0.02	0.00	0.00	0.00	0.01
EPS (Diluted)	0.02	0.00	0.00	0.00	0.01
Margins & Efficiency
Gross Margin %	+57.5%	+45.2%	-2.7%	+31.7%	+53.0%
EBITDA Margin %	+40.9%	+20.8%	-73.6%	+10.7%	+39.2%
Net Margin %	+111.9%	+6.0%	+53.4%	+5.5%	+27.1%
Revenue & Income
Revenue	5.01M	3.65M	1.95M	3.41M	5.30M
Revenue Growth (YoY)	+37.3%	+87.6%	-42.9%	-35.8%	+125.4%
Operating Revenue	3.42M	2.89M	2.77M	3.10M	3.45M
Other Revenue	1.59M	0.76M	-0.83M	0.31M	1.86M
Gain (Loss) on Sale of Assets	-6.44K	—	—	-9.23K	—
Gain (Loss) on Sale of Investments	—	—	—	—	—
Currency Exchange Gain (Loss)	-0.70M	-0.29M	-0.20M	-1.01M	-0.02M
Expenses & Provisions
Cost of Revenue	2.13M	2.00M	2.00M	2.33M	2.49M
Selling, General & Admin	2.42M	2.49M	2.97M	2.07M	2.52M
Operating Expenses	1.08M	1.20M	1.83M	0.99M	1.08M
Other Operating Expenses	-1.55M	-1.60M	-1.27M	-1.16M	-1.37M
Interest Expense	-262.07K	-311.35K	-291.88K	-194.58K	-235.21K
Other Non Operating Income (Expenses)	5.24M	0.09M	0.65M	2.65M	-0.01M
Legal Settlements	—	—	—	—	—
Asset Writedown	-0.45M	0.12M	-4.70M	-1.32M	0.07M
Impairment of Goodwill	—	—	—	—	—
D&A For EBITDA	248.23K	309.56K	448.87K	273.63K	349.82K
Profitability & Returns
Gross Profit	2.88M	1.65M	-0.05M	1.08M	2.81M
Gross Margin	+57.5%	+45.2%	-2.7%	+31.7%	+53.0%
EBIT	1.80M	0.45M	-1.88M	0.09M	1.73M
EBIT Margin	+35.9%	+12.3%	-96.6%	+2.7%	+32.6%
EBITDA	2.05M	0.76M	-1.43M	0.37M	2.08M
EBITDA Margin	+40.9%	+20.8%	-73.6%	+10.7%	+39.2%
EBT Excluding Unusual Items	6.08M	-0.06M	-1.72M	1.55M	1.46M
Pretax Income	5.62M	0.07M	-0.73M	0.21M	1.53M
Operating Income	1.80M	0.45M	-1.88M	0.09M	1.73M
Operating Margin	+35.9%	+12.3%	-96.6%	+2.7%	+32.6%
Profit Margin	+111.9%	+6.0%	+53.4%	+5.5%	+27.1%
Net Income	5.60M	0.22M	1.04M	0.19M	1.44M
Net Income to Common	5.60M	0.22M	1.04M	0.19M	1.44M
Net Income to Company	5.56M	0.48M	-1.49M	-0.03M	1.30M
Net Income Growth	+2,474.5%	-79.1%	+459.8%	-87.1%	-80.1%
Earnings From Continuing Ops.	5.56M	0.07M	-0.74M	0.21M	1.52M
Earnings From Discontinued Ops.	—	416.68K	-755.70K	-244.95K	-223.13K
Minority Interest in Earnings	0.04M	-0.27M	2.53M	0.22M	0.14M
Income Tax Expense	58.37K	—	8.87K	—	8.23K
Effective Tax Rate	+1.0%	—	—	—	+0.5%
Per Share & Capital
EPS (Basic)	0.02	0.00	0.00	0.00	0.01
EPS (Diluted)	0.02	0.00	0.00	0.00	0.01
EPS Growth	+2,410.1%	-81.3%	+439.7%	-87.1%	-80.1%
Shares Change (YoY)	0.03	0.12	0.04	—	-0
Shares Outstanding (Basic)	279.43M	272.43M	242.94M	233.94M	233.94M
Shares Outstanding (Diluted)	279.43M	272.43M	242.94M	233.94M	233.94M
Free Cash Flow	5.39M	-1.14M	-2.06M	-1.24M	0.20M
Free Cash Flow Margin	+107.7%	-31.2%	-105.9%	-36.3%	+3.7%
Free Cash Flow Per Share	0.02	-0.00	-0.01	-0.01	0.00
Payout Ratio	+23.8%	—	—	—	—
Supplemental
Other Unusual Items	—	—	5.69M	—	—