ARZAN FINANCIAL GROUP FOR FINANCING AND INVESTMENT

Arzan Financial Group for Financing and Investment (KPSC)

ARZANStocksBoursa KuwaitDiversified Financials

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	38.62M	25.42M	15.89M	17.64M	14.63M
Cost of Revenue	3.83M	1.45M	1.42M	1.52M	1.31M
Operating Income	25.31M	15.28M	6.59M	10.67M	8.65M
Pretax Income	25.10M	16.09M	8.72M	10.00M	8.82M
Income Tax	333.22K	63.01K	36.30K	—	—
Net Income	23.24M	14.10M	7.03M	8.15M	7.43M
EPS (Basic)	0.02	0.01	0.01	0.01	0.01
EPS (Diluted)	0.02	0.01	0.01	0.01	0.01
DPS	0.00	0.00	0.00	0.00	0.00
Margins & Efficiency
Net Margin %	+60.2%	+55.4%	+44.3%	+46.2%	+50.8%
Revenue & Income
Revenue as Reported	38.62M	25.42M	15.89M	17.64M	14.63M
Revenue Fin	34.80M	20.51M	8.26M	16.49M	15.29M
Revenue Growth (YoY)	+69.6%	+148.2%	-49.9%	+7.9%	+407.7%
Revenues Before Loan Losses	35.77M	21.89M	8.67M	16.03M	13.17M
Other Revenue Fin	29.78M	8.54M	4.89M	6.64M	6.90M
Gain (Loss) on Sale of Investments	—	—	—	—	—
Gain Invest Rev Fin	2.70M	9.39M	-0.24M	5.56M	3.15M
Currency Exchange Gain (Loss)	-0.19M	0.83M	0.92M	-0.26M	-1.40M
Expenses & Provisions
Cost Of Services Provided	3.83M	1.45M	1.42M	1.52M	1.31M
Other Operating Expenses	1.27M	0.19M	-2.83M	1.05M	1.91M
Total Operating Expenses Fin	9.48M	5.23M	1.67M	5.81M	6.64M
Provision for Loan Losses	0.97M	1.38M	0.40M	-0.45M	-2.11M
Salaries and Employee Benefits	4.15M	3.36M	2.86M	3.00M	3.15M
Profitability & Returns
EBT Excluding Unusual Items	25.10M	16.05M	7.50M	10.41M	7.25M
Pretax Income	25.10M	16.09M	8.72M	10.00M	8.82M
Operating Income	25.31M	15.28M	6.59M	10.67M	8.65M
Operating Margin	+72.7%	+74.5%	+79.8%	+64.7%	+56.6%
Profit Margin	+66.8%	+68.7%	+85.1%	+49.4%	+48.6%
Net Income	23.24M	14.10M	7.03M	8.15M	7.43M
Net Income to Common	23.24M	14.10M	7.03M	8.15M	7.43M
Net Income to Company	24.76M	16.02M	8.68M	10.00M	8.82M
Net Income Growth	+64.9%	+100.4%	-13.7%	+9.7%	—
Earnings From Continuing Ops.	24.76M	16.02M	8.68M	10.00M	8.82M
Minority Interest in Earnings	-1.52M	-1.93M	-1.65M	-1.85M	-1.39M
Income Tax Expense	333.22K	63.01K	36.30K	—	—
Effective Tax Rate	+1.3%	+0.4%	+0.4%	—	—
Per Share & Capital
EPS (Basic)	0.02	0.01	0.01	0.01	0.01
EPS (Diluted)	0.02	0.01	0.01	0.01	0.01
EPS Growth	+62.6%	+98.4%	-13.8%	+10.1%	—
Dividend Per Share	0.00	0.00	0.00	0.00	0.00
Shares Change (YoY)	0.01	0.01	0.01	-0.01	-0.01
Shares Outstanding (Basic)	960.86M	947.74M	938.12M	932.56M	938.45M
Shares Outstanding (Diluted)	961.98M	949.20M	939.98M	934.39M	940.45M
Dividend Growth	-29.6%	+58.8%	-51.4%	+66.7%	—
Free Cash Flow	-8.37M	-19.63M	4.50M	2.80M	-3.77M
Free Cash Flow Margin	-24.1%	-95.7%	+54.4%	+17.0%	-24.7%
Free Cash Flow Per Share	-0.01	-0.02	0.01	0.00	-0.00
Payout Ratio	+11.1%	+11.8%	+45.4%	+22.1%	—
Supplemental
Int Exp Fin	3.04M	1.80M	1.74M	1.04M	1.05M
Int Inc Fin	6.32M	5.76M	5.76M	4.86M	4.17M
Net Int Inc Fin	3.28M	3.96M	4.02M	3.82M	3.12M

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	38.62M	25.42M	15.89M	17.64M	14.63M
Cost of Revenue	3.83M	1.45M	1.42M	1.52M	1.31M
Operating Income	25.31M	15.28M	6.59M	10.67M	8.65M
Pretax Income	25.10M	16.09M	8.72M	10.00M	8.82M
Income Tax	333.22K	63.01K	36.30K	—	—
Net Income	23.24M	14.10M	7.03M	8.15M	7.43M
EPS (Basic)	0.02	0.01	0.01	0.01	0.01
EPS (Diluted)	0.02	0.01	0.01	0.01	0.01
DPS	0.00	0.00	0.00	0.00	0.00
Margins & Efficiency
Net Margin %	+60.2%	+55.4%	+44.3%	+46.2%	+50.8%
Revenue & Income
Revenue as Reported	38.62M	25.42M	15.89M	17.64M	14.63M
Revenue Fin	34.80M	20.51M	8.26M	16.49M	15.29M
Revenue Growth (YoY)	+69.6%	+148.2%	-49.9%	+7.9%	+407.7%
Revenues Before Loan Losses	35.77M	21.89M	8.67M	16.03M	13.17M
Other Revenue Fin	29.78M	8.54M	4.89M	6.64M	6.90M
Gain (Loss) on Sale of Investments	—	—	—	—	—
Gain Invest Rev Fin	2.70M	9.39M	-0.24M	5.56M	3.15M
Currency Exchange Gain (Loss)	-0.19M	0.83M	0.92M	-0.26M	-1.40M
Expenses & Provisions
Cost Of Services Provided	3.83M	1.45M	1.42M	1.52M	1.31M
Other Operating Expenses	1.27M	0.19M	-2.83M	1.05M	1.91M
Total Operating Expenses Fin	9.48M	5.23M	1.67M	5.81M	6.64M
Provision for Loan Losses	0.97M	1.38M	0.40M	-0.45M	-2.11M
Salaries and Employee Benefits	4.15M	3.36M	2.86M	3.00M	3.15M
Profitability & Returns
EBT Excluding Unusual Items	25.10M	16.05M	7.50M	10.41M	7.25M
Pretax Income	25.10M	16.09M	8.72M	10.00M	8.82M
Operating Income	25.31M	15.28M	6.59M	10.67M	8.65M
Operating Margin	+72.7%	+74.5%	+79.8%	+64.7%	+56.6%
Profit Margin	+66.8%	+68.7%	+85.1%	+49.4%	+48.6%
Net Income	23.24M	14.10M	7.03M	8.15M	7.43M
Net Income to Common	23.24M	14.10M	7.03M	8.15M	7.43M
Net Income to Company	24.76M	16.02M	8.68M	10.00M	8.82M
Net Income Growth	+64.9%	+100.4%	-13.7%	+9.7%	—
Earnings From Continuing Ops.	24.76M	16.02M	8.68M	10.00M	8.82M
Minority Interest in Earnings	-1.52M	-1.93M	-1.65M	-1.85M	-1.39M
Income Tax Expense	333.22K	63.01K	36.30K	—	—
Effective Tax Rate	+1.3%	+0.4%	+0.4%	—	—
Per Share & Capital
EPS (Basic)	0.02	0.01	0.01	0.01	0.01
EPS (Diluted)	0.02	0.01	0.01	0.01	0.01
EPS Growth	+62.6%	+98.4%	-13.8%	+10.1%	—
Dividend Per Share	0.00	0.00	0.00	0.00	0.00
Shares Change (YoY)	0.01	0.01	0.01	-0.01	-0.01
Shares Outstanding (Basic)	960.86M	947.74M	938.12M	932.56M	938.45M
Shares Outstanding (Diluted)	961.98M	949.20M	939.98M	934.39M	940.45M
Dividend Growth	-29.6%	+58.8%	-51.4%	+66.7%	—
Free Cash Flow	-8.37M	-19.63M	4.50M	2.80M	-3.77M
Free Cash Flow Margin	-24.1%	-95.7%	+54.4%	+17.0%	-24.7%
Free Cash Flow Per Share	-0.01	-0.02	0.01	0.00	-0.00
Payout Ratio	+11.1%	+11.8%	+45.4%	+22.1%	—
Supplemental
Int Exp Fin	3.04M	1.80M	1.74M	1.04M	1.05M
Int Inc Fin	6.32M	5.76M	5.76M	4.86M	4.17M
Net Int Inc Fin	3.28M	3.96M	4.02M	3.82M	3.12M