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)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Operating Summary
Revenue	25.42M	15.89M	17.64M	14.63M	5.81M
Cost of Revenue	1.45M	1.42M	1.52M	1.31M	1.59M
Operating Income	15.23M	6.59M	10.67M	8.65M	-4.50M
Pretax Income	16.09M	8.72M	10.00M	8.82M	-9.16M
Income Tax	63.01K	36.30K	—	—	—
Net Income	14.10M	7.03M	8.15M	7.43M	-9.51M
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	—
Margins & Efficiency
Net Margin %	+55.4%	+44.3%	+46.2%	+50.8%	-163.6%
Revenue & Income
Revenue as Reported	25.42M	15.89M	17.64M	14.63M	5.81M
Revenue Fin	20.46M	8.26M	16.49M	15.29M	3.01M
Revenue Growth (YoY)	+147.6%	-49.9%	+7.9%	+407.7%	-69.5%
Revenues Before Loan Losses	21.84M	8.67M	16.03M	13.17M	4.12M
Other Revenue Fin	8.49M	4.89M	6.64M	6.90M	4.39M
Gain (Loss) on Sale of Investments	—	—	—	—	-4.57M
Gain Invest Rev Fin	9.39M	-0.24M	5.56M	3.15M	-2.18M
Currency Exchange Gain (Loss)	0.83M	0.92M	-0.26M	-1.40M	0.04M
Expenses & Provisions
Cost Of Services Provided	1.45M	1.42M	1.52M	1.31M	1.59M
Other Operating Expenses	0.19M	-2.83M	1.05M	1.91M	2.62M
Total Operating Expenses Fin	5.23M	1.67M	5.81M	6.64M	7.51M
Provision for Loan Losses	1.38M	0.40M	-0.45M	-2.11M	1.11M
Salaries and Employee Benefits	3.36M	2.86M	3.00M	3.15M	2.84M
Profitability & Returns
EBT Excluding Unusual Items	16.00M	7.50M	10.41M	7.25M	-4.45M
Pretax Income	16.09M	8.72M	10.00M	8.82M	-9.16M
Operating Income	15.23M	6.59M	10.67M	8.65M	-4.50M
Operating Margin	+74.4%	+79.8%	+64.7%	+56.6%	-149.4%
Profit Margin	+68.9%	+85.1%	+49.4%	+48.6%	-315.9%
Net Income	14.10M	7.03M	8.15M	7.43M	-9.51M
Net Income to Common	14.10M	7.03M	8.15M	7.43M	-9.51M
Net Income to Company	16.02M	8.68M	10.00M	8.82M	-9.16M
Net Income Growth	+100.4%	-13.7%	+9.7%	—	—
Earnings From Continuing Ops.	16.02M	8.68M	10.00M	8.82M	-9.16M
Minority Interest in Earnings	-1.93M	-1.65M	-1.85M	-1.39M	-0.35M
Income Tax Expense	63.01K	36.30K	—	—	—
Effective Tax Rate	+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	+99.7%	-14.1%	+9.7%	—	—
Dividend Per Share	0.00	0.00	0.00	0.00	—
Shares Change (YoY)	0.01	0.01	-0.01	-0.01	-0.01
Shares Outstanding (Basic)	893.43M	885.02M	879.78M	885.33M	895.48M
Shares Outstanding (Diluted)	894.87M	886.77M	881.50M	887.21M	895.48M
Dividend Growth	+61.1%	-51.4%	+68.2%	—	—
Free Cash Flow	-19.63M	4.50M	2.80M	-3.77M	-3.18M
Free Cash Flow Margin	-95.9%	+54.4%	+17.0%	-24.7%	-105.7%
Free Cash Flow Per Share	-0.02	0.01	0.00	-0.00	-0.00
Payout Ratio	+11.8%	+45.4%	+22.1%	—	—
Supplemental
Int Exp Fin	1.80M	1.74M	1.04M	1.05M	1.65M
Int Inc Fin	5.76M	5.76M	4.86M	4.17M	3.56M
Net Int Inc Fin	3.96M	4.02M	3.82M	3.12M	1.91M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Operating Summary
Revenue	25.42M	15.89M	17.64M	14.63M	5.81M
Cost of Revenue	1.45M	1.42M	1.52M	1.31M	1.59M
Operating Income	15.23M	6.59M	10.67M	8.65M	-4.50M
Pretax Income	16.09M	8.72M	10.00M	8.82M	-9.16M
Income Tax	63.01K	36.30K	—	—	—
Net Income	14.10M	7.03M	8.15M	7.43M	-9.51M
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	—
Margins & Efficiency
Net Margin %	+55.4%	+44.3%	+46.2%	+50.8%	-163.6%
Revenue & Income
Revenue as Reported	25.42M	15.89M	17.64M	14.63M	5.81M
Revenue Fin	20.46M	8.26M	16.49M	15.29M	3.01M
Revenue Growth (YoY)	+147.6%	-49.9%	+7.9%	+407.7%	-69.5%
Revenues Before Loan Losses	21.84M	8.67M	16.03M	13.17M	4.12M
Other Revenue Fin	8.49M	4.89M	6.64M	6.90M	4.39M
Gain (Loss) on Sale of Investments	—	—	—	—	-4.57M
Gain Invest Rev Fin	9.39M	-0.24M	5.56M	3.15M	-2.18M
Currency Exchange Gain (Loss)	0.83M	0.92M	-0.26M	-1.40M	0.04M
Expenses & Provisions
Cost Of Services Provided	1.45M	1.42M	1.52M	1.31M	1.59M
Other Operating Expenses	0.19M	-2.83M	1.05M	1.91M	2.62M
Total Operating Expenses Fin	5.23M	1.67M	5.81M	6.64M	7.51M
Provision for Loan Losses	1.38M	0.40M	-0.45M	-2.11M	1.11M
Salaries and Employee Benefits	3.36M	2.86M	3.00M	3.15M	2.84M
Profitability & Returns
EBT Excluding Unusual Items	16.00M	7.50M	10.41M	7.25M	-4.45M
Pretax Income	16.09M	8.72M	10.00M	8.82M	-9.16M
Operating Income	15.23M	6.59M	10.67M	8.65M	-4.50M
Operating Margin	+74.4%	+79.8%	+64.7%	+56.6%	-149.4%
Profit Margin	+68.9%	+85.1%	+49.4%	+48.6%	-315.9%
Net Income	14.10M	7.03M	8.15M	7.43M	-9.51M
Net Income to Common	14.10M	7.03M	8.15M	7.43M	-9.51M
Net Income to Company	16.02M	8.68M	10.00M	8.82M	-9.16M
Net Income Growth	+100.4%	-13.7%	+9.7%	—	—
Earnings From Continuing Ops.	16.02M	8.68M	10.00M	8.82M	-9.16M
Minority Interest in Earnings	-1.93M	-1.65M	-1.85M	-1.39M	-0.35M
Income Tax Expense	63.01K	36.30K	—	—	—
Effective Tax Rate	+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	+99.7%	-14.1%	+9.7%	—	—
Dividend Per Share	0.00	0.00	0.00	0.00	—
Shares Change (YoY)	0.01	0.01	-0.01	-0.01	-0.01
Shares Outstanding (Basic)	893.43M	885.02M	879.78M	885.33M	895.48M
Shares Outstanding (Diluted)	894.87M	886.77M	881.50M	887.21M	895.48M
Dividend Growth	+61.1%	-51.4%	+68.2%	—	—
Free Cash Flow	-19.63M	4.50M	2.80M	-3.77M	-3.18M
Free Cash Flow Margin	-95.9%	+54.4%	+17.0%	-24.7%	-105.7%
Free Cash Flow Per Share	-0.02	0.01	0.00	-0.00	-0.00
Payout Ratio	+11.8%	+45.4%	+22.1%	—	—
Supplemental
Int Exp Fin	1.80M	1.74M	1.04M	1.05M	1.65M
Int Inc Fin	5.76M	5.76M	4.86M	4.17M	3.56M
Net Int Inc Fin	3.96M	4.02M	3.82M	3.12M	1.91M