BAYAN INVESTMENT HOLDING CO.

Bayan Investment Holding Company

BAYANINVStocksBoursa 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	2.03M	2.74M	0.70M	0.71M	0.78M
Cost of Revenue	—	—	33.64K	—	—
Gross Profit	2.03M	2.74M	0.66M	0.71M	0.78M
SG&A	0.74M	0.64M	0.70M	0.84M	0.75M
Operating Expenses	0.74M	0.71M	0.70M	1.00M	0.77M
Operating Income	1.29M	2.02M	-0.04M	-0.29M	0.01M
Interest Expense	-38.17K	-79.88K	-101.98K	-104.87K	-119.46K
Other Income/Expense	—	—	—	-4.24M	—
Pretax Income	1.27M	1.96M	-0.14M	-4.93M	-0.34M
Income Tax	74.22K	74.10K	—	62.68K	3.75K
Net Income	1.19M	1.88M	-0.14M	-6.27M	-0.41M
EBITDA	1.31M	2.11M	0.04M	-0.17M	0.10M
EBIT	1.29M	2.02M	-0.04M	-0.29M	0.01M
EPS (Basic)	0.01	0.01	-0.00	-0.03	-0.00
EPS (Diluted)	0.01	0.01	-0.00	-0.03	-0.00
Margins & Efficiency
Gross Margin %	+100.0%	+100.0%	+95.2%	+100.0%	+100.0%
EBITDA Margin %	+64.4%	+77.1%	+5.1%	-23.6%	+12.7%
Net Margin %	+58.9%	+68.9%	-20.4%	-886.2%	-53.1%
Revenue & Income
Revenue	2.03M	2.74M	0.70M	0.71M	0.78M
Revenue as Reported	2.05M	2.75M	—	0.71M	0.78M
Revenue Growth (YoY)	-25.8%	+292.8%	-1.6%	-9.2%	-16.9%
Operating Revenue	831.80K	282.11K	241.19K	322.50K	548.54K
Other Revenue	1.20M	2.45M	0.46M	0.38M	0.23M
Gain (Loss) on Sale of Investments	—	—	—	-139.50K	—
Currency Exchange Gain (Loss)	22.17K	15.69K	0.66K	-150.37K	-11.40K
Expenses & Provisions
Cost of Revenue	—	—	33.64K	—	—
Selling, General & Admin	0.74M	0.64M	0.70M	0.84M	0.75M
Operating Expenses	0.74M	0.71M	0.70M	1.00M	0.77M
Other Operating Expenses	—	—	—	156.71K	13.90K
Interest Expense	-38.17K	-79.88K	-101.98K	-104.87K	-119.46K
Other Non Operating Income (Expenses)	—	—	—	-4.24M	—
Legal Settlements	—	—	—	—	—
D&A For EBITDA	18.07K	85.12K	76.52K	122.69K	86.23K
Profitability & Returns
Gross Profit	2.03M	2.74M	0.66M	0.71M	0.78M
Gross Margin	+100.0%	+100.0%	+95.2%	+100.0%	+100.0%
EBIT	1.29M	2.02M	-0.04M	-0.29M	0.01M
EBIT Margin	+63.5%	+73.9%	-5.9%	-41.0%	+1.6%
EBITDA	1.31M	2.11M	0.04M	-0.17M	0.10M
EBITDA Margin	+64.4%	+77.1%	+5.1%	-23.6%	+12.7%
EBT Excluding Unusual Items	1.27M	1.96M	-0.14M	-4.79M	-0.12M
Pretax Income	1.27M	1.96M	-0.14M	-4.93M	-0.34M
Operating Income	1.29M	2.02M	-0.04M	-0.29M	0.01M
Operating Margin	+63.5%	+73.9%	-5.9%	-41.0%	+1.6%
Profit Margin	+58.9%	+68.9%	-20.4%	-886.2%	-53.1%
Net Income	1.19M	1.88M	-0.14M	-6.27M	-0.41M
Net Income to Common	1.19M	1.88M	-0.14M	-6.27M	-0.41M
Net Income to Company	1.20M	1.88M	-0.14M	-6.63M	-0.56M
Net Income Growth	-36.6%	—	—	—	—
Earnings From Continuing Ops.	1.20M	1.88M	-0.14M	-4.99M	-0.35M
Earnings From Discontinued Ops.	—	—	—	-1.64M	-0.21M
Minority Interest in Earnings	-4.13K	-0.14K	0.29K	357.50K	145.03K
Income Tax Expense	74.22K	74.10K	—	62.68K	3.75K
Effective Tax Rate	+5.8%	+3.8%	—	—	—
Per Share & Capital
EPS (Basic)	0.01	0.01	-0.00	-0.03	-0.00
EPS (Diluted)	0.01	0.01	-0.00	-0.03	-0.00
EPS Growth	-36.6%	—	—	—	—
Shares Change (YoY)	—	0.01	-0	-0.16	0.18
Shares Outstanding (Basic)	217.68M	217.68M	214.65M	215.29M	256.20M
Shares Outstanding (Diluted)	217.68M	217.68M	214.65M	215.29M	256.20M
Free Cash Flow	96.46K	-685.18K	-568.22K	-685.90K	-154.73K
Free Cash Flow Margin	+4.8%	-25.1%	-81.6%	-97.0%	-19.9%
Free Cash Flow Per Share	0.00	-0.00	-0.00	-0.00	-0.00
Payout Ratio	+0.1%	+0.1%	—	—	—
Supplemental
Other Unusual Items	—	—	—	—	-225.74K

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	2.03M	2.74M	0.70M	0.71M	0.78M
Cost of Revenue	—	—	33.64K	—	—
Gross Profit	2.03M	2.74M	0.66M	0.71M	0.78M
SG&A	0.74M	0.64M	0.70M	0.84M	0.75M
Operating Expenses	0.74M	0.71M	0.70M	1.00M	0.77M
Operating Income	1.29M	2.02M	-0.04M	-0.29M	0.01M
Interest Expense	-38.17K	-79.88K	-101.98K	-104.87K	-119.46K
Other Income/Expense	—	—	—	-4.24M	—
Pretax Income	1.27M	1.96M	-0.14M	-4.93M	-0.34M
Income Tax	74.22K	74.10K	—	62.68K	3.75K
Net Income	1.19M	1.88M	-0.14M	-6.27M	-0.41M
EBITDA	1.31M	2.11M	0.04M	-0.17M	0.10M
EBIT	1.29M	2.02M	-0.04M	-0.29M	0.01M
EPS (Basic)	0.01	0.01	-0.00	-0.03	-0.00
EPS (Diluted)	0.01	0.01	-0.00	-0.03	-0.00
Margins & Efficiency
Gross Margin %	+100.0%	+100.0%	+95.2%	+100.0%	+100.0%
EBITDA Margin %	+64.4%	+77.1%	+5.1%	-23.6%	+12.7%
Net Margin %	+58.9%	+68.9%	-20.4%	-886.2%	-53.1%
Revenue & Income
Revenue	2.03M	2.74M	0.70M	0.71M	0.78M
Revenue as Reported	2.05M	2.75M	—	0.71M	0.78M
Revenue Growth (YoY)	-25.8%	+292.8%	-1.6%	-9.2%	-16.9%
Operating Revenue	831.80K	282.11K	241.19K	322.50K	548.54K
Other Revenue	1.20M	2.45M	0.46M	0.38M	0.23M
Gain (Loss) on Sale of Investments	—	—	—	-139.50K	—
Currency Exchange Gain (Loss)	22.17K	15.69K	0.66K	-150.37K	-11.40K
Expenses & Provisions
Cost of Revenue	—	—	33.64K	—	—
Selling, General & Admin	0.74M	0.64M	0.70M	0.84M	0.75M
Operating Expenses	0.74M	0.71M	0.70M	1.00M	0.77M
Other Operating Expenses	—	—	—	156.71K	13.90K
Interest Expense	-38.17K	-79.88K	-101.98K	-104.87K	-119.46K
Other Non Operating Income (Expenses)	—	—	—	-4.24M	—
Legal Settlements	—	—	—	—	—
D&A For EBITDA	18.07K	85.12K	76.52K	122.69K	86.23K
Profitability & Returns
Gross Profit	2.03M	2.74M	0.66M	0.71M	0.78M
Gross Margin	+100.0%	+100.0%	+95.2%	+100.0%	+100.0%
EBIT	1.29M	2.02M	-0.04M	-0.29M	0.01M
EBIT Margin	+63.5%	+73.9%	-5.9%	-41.0%	+1.6%
EBITDA	1.31M	2.11M	0.04M	-0.17M	0.10M
EBITDA Margin	+64.4%	+77.1%	+5.1%	-23.6%	+12.7%
EBT Excluding Unusual Items	1.27M	1.96M	-0.14M	-4.79M	-0.12M
Pretax Income	1.27M	1.96M	-0.14M	-4.93M	-0.34M
Operating Income	1.29M	2.02M	-0.04M	-0.29M	0.01M
Operating Margin	+63.5%	+73.9%	-5.9%	-41.0%	+1.6%
Profit Margin	+58.9%	+68.9%	-20.4%	-886.2%	-53.1%
Net Income	1.19M	1.88M	-0.14M	-6.27M	-0.41M
Net Income to Common	1.19M	1.88M	-0.14M	-6.27M	-0.41M
Net Income to Company	1.20M	1.88M	-0.14M	-6.63M	-0.56M
Net Income Growth	-36.6%	—	—	—	—
Earnings From Continuing Ops.	1.20M	1.88M	-0.14M	-4.99M	-0.35M
Earnings From Discontinued Ops.	—	—	—	-1.64M	-0.21M
Minority Interest in Earnings	-4.13K	-0.14K	0.29K	357.50K	145.03K
Income Tax Expense	74.22K	74.10K	—	62.68K	3.75K
Effective Tax Rate	+5.8%	+3.8%	—	—	—
Per Share & Capital
EPS (Basic)	0.01	0.01	-0.00	-0.03	-0.00
EPS (Diluted)	0.01	0.01	-0.00	-0.03	-0.00
EPS Growth	-36.6%	—	—	—	—
Shares Change (YoY)	—	0.01	-0	-0.16	0.18
Shares Outstanding (Basic)	217.68M	217.68M	214.65M	215.29M	256.20M
Shares Outstanding (Diluted)	217.68M	217.68M	214.65M	215.29M	256.20M
Free Cash Flow	96.46K	-685.18K	-568.22K	-685.90K	-154.73K
Free Cash Flow Margin	+4.8%	-25.1%	-81.6%	-97.0%	-19.9%
Free Cash Flow Per Share	0.00	-0.00	-0.00	-0.00	-0.00
Payout Ratio	+0.1%	+0.1%	—	—	—
Supplemental
Other Unusual Items	—	—	—	—	-225.74K