BOURSA KUWAIT SECURITIES COMPANY (K.P.S.C.)

Boursa Kuwait Securities Company (K.P.S.C)

BOURSAStocksBoursa KuwaitDiversified Financials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	44.86M	32.81M	28.48M	32.57M	28.25M
Gross Profit	44.86M	32.81M	28.48M	32.57M	28.25M
SG&A	14.86M	13.23M	11.74M	11.79M	11.59M
Operating Expenses	16.80M	14.71M	12.96M	13.29M	12.65M
Operating Income	28.06M	18.10M	15.52M	19.28M	15.60M
Interest Income	3.22M	3.04M	2.90M	1.72M	1.12M
Interest Expense	-17.20K	-23.95K	-31.51K	-38.67K	-44.21K
Other Income/Expense	1.06M	0.93M	1.44M	0.61M	1.20M
Pretax Income	37.80M	25.54M	21.98M	24.20M	20.64M
Income Tax	210.35K	161.73K	109.07K	163.22K	574.28K
Net Income	28.18M	18.18M	15.80M	18.00M	15.89M
EBITDA	28.66M	18.54M	15.85M	19.58M	16.05M
EBIT	28.06M	18.10M	15.52M	19.28M	15.60M
EPS (Basic)	0.14	0.09	0.08	0.09	0.08
EPS (Diluted)	0.14	0.09	0.08	0.09	0.08
DPS	0.13	0.08	0.07	0.09	0.07
Margins & Efficiency
Gross Margin %	+100.0%	+100.0%	+100.0%	+100.0%	+100.0%
EBITDA Margin %	+63.9%	+56.5%	+55.7%	+60.1%	+56.8%
Net Margin %	+62.8%	+55.4%	+55.5%	+55.3%	+56.3%
Revenue & Income
Revenue	44.86M	32.81M	28.48M	32.57M	28.25M
Revenue as Reported	50.33M	36.31M	30.68M	35.20M	31.21M
Revenue Growth (YoY)	+36.7%	+15.2%	-12.6%	+15.3%	+27.2%
Operating Revenue	44.86M	32.81M	28.48M	32.57M	28.25M
Interest & Investment Income	3.22M	3.04M	2.90M	1.72M	1.12M
Gain (Loss) on Sale of Investments	—	—	—	—	-16.08K
Expenses & Provisions
Selling, General & Admin	14.86M	13.23M	11.74M	11.79M	11.59M
Operating Expenses	16.80M	14.71M	12.96M	13.29M	12.65M
Other Operating Expenses	772.08K	599.40K	428.79K	514.58K	—
Interest Expense	-17.20K	-23.95K	-31.51K	-38.67K	-44.21K
Other Non Operating Income (Expenses)	1.06M	0.93M	1.44M	0.61M	1.20M
D&A For EBITDA	602.54K	444.21K	329.61K	302.37K	447.68K
Profitability & Returns
Gross Profit	44.86M	32.81M	28.48M	32.57M	28.25M
Gross Margin	+100.0%	+100.0%	+100.0%	+100.0%	+100.0%
EBIT	28.06M	18.10M	15.52M	19.28M	15.60M
EBIT Margin	+62.6%	+55.2%	+54.5%	+59.2%	+55.2%
EBITDA	28.66M	18.54M	15.85M	19.58M	16.05M
EBITDA Margin	+63.9%	+56.5%	+55.7%	+60.1%	+56.8%
EBT Excluding Unusual Items	32.32M	22.04M	19.83M	21.58M	17.88M
Pretax Income	37.80M	25.54M	21.98M	24.20M	20.64M
Operating Income	28.06M	18.10M	15.52M	19.28M	15.60M
Operating Margin	+62.6%	+55.2%	+54.5%	+59.2%	+55.2%
Profit Margin	+62.8%	+55.4%	+55.5%	+55.3%	+56.3%
Net Income	28.18M	18.18M	15.80M	18.00M	15.89M
Net Income to Common	28.18M	18.18M	15.80M	18.00M	15.89M
Net Income Growth	+55.0%	+15.1%	-12.2%	+13.3%	-38.4%
Earnings From Continuing Ops.	37.59M	25.38M	21.87M	24.04M	20.06M
Minority Interest in Earnings	-9.40M	-7.20M	-6.07M	-6.03M	-4.17M
Income Tax Expense	210.35K	161.73K	109.07K	163.22K	574.28K
Effective Tax Rate	+0.6%	+0.6%	+0.5%	+0.7%	+2.8%
Per Share & Capital
EPS (Basic)	0.14	0.09	0.08	0.09	0.08
EPS (Diluted)	0.14	0.09	0.08	0.09	0.08
EPS Growth	+55.0%	+15.1%	-12.2%	+13.3%	-38.4%
Dividend Per Share	0.13	0.08	0.07	0.09	0.07
Shares Outstanding (Basic)	200.78M	200.78M	200.78M	200.78M	200.78M
Shares Outstanding (Diluted)	200.78M	200.78M	200.78M	200.78M	200.78M
Dividend Growth	+54.9%	+10.8%	-12.9%	+30.8%	+62.5%
Free Cash Flow	34.11M	23.13M	18.03M	23.86M	16.18M
Free Cash Flow Margin	+76.0%	+70.5%	+63.3%	+73.2%	+57.3%
Free Cash Flow Per Share	0.17	0.12	0.09	0.12	0.08
Payout Ratio	+58.6%	+81.7%	+106.5%	+71.4%	+49.1%
Supplemental
Other Unusual Items	5.47M	3.50M	2.15M	2.62M	2.77M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	44.86M	32.81M	28.48M	32.57M	28.25M
Gross Profit	44.86M	32.81M	28.48M	32.57M	28.25M
SG&A	14.86M	13.23M	11.74M	11.79M	11.59M
Operating Expenses	16.80M	14.71M	12.96M	13.29M	12.65M
Operating Income	28.06M	18.10M	15.52M	19.28M	15.60M
Interest Income	3.22M	3.04M	2.90M	1.72M	1.12M
Interest Expense	-17.20K	-23.95K	-31.51K	-38.67K	-44.21K
Other Income/Expense	1.06M	0.93M	1.44M	0.61M	1.20M
Pretax Income	37.80M	25.54M	21.98M	24.20M	20.64M
Income Tax	210.35K	161.73K	109.07K	163.22K	574.28K
Net Income	28.18M	18.18M	15.80M	18.00M	15.89M
EBITDA	28.66M	18.54M	15.85M	19.58M	16.05M
EBIT	28.06M	18.10M	15.52M	19.28M	15.60M
EPS (Basic)	0.14	0.09	0.08	0.09	0.08
EPS (Diluted)	0.14	0.09	0.08	0.09	0.08
DPS	0.13	0.08	0.07	0.09	0.07
Margins & Efficiency
Gross Margin %	+100.0%	+100.0%	+100.0%	+100.0%	+100.0%
EBITDA Margin %	+63.9%	+56.5%	+55.7%	+60.1%	+56.8%
Net Margin %	+62.8%	+55.4%	+55.5%	+55.3%	+56.3%
Revenue & Income
Revenue	44.86M	32.81M	28.48M	32.57M	28.25M
Revenue as Reported	50.33M	36.31M	30.68M	35.20M	31.21M
Revenue Growth (YoY)	+36.7%	+15.2%	-12.6%	+15.3%	+27.2%
Operating Revenue	44.86M	32.81M	28.48M	32.57M	28.25M
Interest & Investment Income	3.22M	3.04M	2.90M	1.72M	1.12M
Gain (Loss) on Sale of Investments	—	—	—	—	-16.08K
Expenses & Provisions
Selling, General & Admin	14.86M	13.23M	11.74M	11.79M	11.59M
Operating Expenses	16.80M	14.71M	12.96M	13.29M	12.65M
Other Operating Expenses	772.08K	599.40K	428.79K	514.58K	—
Interest Expense	-17.20K	-23.95K	-31.51K	-38.67K	-44.21K
Other Non Operating Income (Expenses)	1.06M	0.93M	1.44M	0.61M	1.20M
D&A For EBITDA	602.54K	444.21K	329.61K	302.37K	447.68K
Profitability & Returns
Gross Profit	44.86M	32.81M	28.48M	32.57M	28.25M
Gross Margin	+100.0%	+100.0%	+100.0%	+100.0%	+100.0%
EBIT	28.06M	18.10M	15.52M	19.28M	15.60M
EBIT Margin	+62.6%	+55.2%	+54.5%	+59.2%	+55.2%
EBITDA	28.66M	18.54M	15.85M	19.58M	16.05M
EBITDA Margin	+63.9%	+56.5%	+55.7%	+60.1%	+56.8%
EBT Excluding Unusual Items	32.32M	22.04M	19.83M	21.58M	17.88M
Pretax Income	37.80M	25.54M	21.98M	24.20M	20.64M
Operating Income	28.06M	18.10M	15.52M	19.28M	15.60M
Operating Margin	+62.6%	+55.2%	+54.5%	+59.2%	+55.2%
Profit Margin	+62.8%	+55.4%	+55.5%	+55.3%	+56.3%
Net Income	28.18M	18.18M	15.80M	18.00M	15.89M
Net Income to Common	28.18M	18.18M	15.80M	18.00M	15.89M
Net Income Growth	+55.0%	+15.1%	-12.2%	+13.3%	-38.4%
Earnings From Continuing Ops.	37.59M	25.38M	21.87M	24.04M	20.06M
Minority Interest in Earnings	-9.40M	-7.20M	-6.07M	-6.03M	-4.17M
Income Tax Expense	210.35K	161.73K	109.07K	163.22K	574.28K
Effective Tax Rate	+0.6%	+0.6%	+0.5%	+0.7%	+2.8%
Per Share & Capital
EPS (Basic)	0.14	0.09	0.08	0.09	0.08
EPS (Diluted)	0.14	0.09	0.08	0.09	0.08
EPS Growth	+55.0%	+15.1%	-12.2%	+13.3%	-38.4%
Dividend Per Share	0.13	0.08	0.07	0.09	0.07
Shares Outstanding (Basic)	200.78M	200.78M	200.78M	200.78M	200.78M
Shares Outstanding (Diluted)	200.78M	200.78M	200.78M	200.78M	200.78M
Dividend Growth	+54.9%	+10.8%	-12.9%	+30.8%	+62.5%
Free Cash Flow	34.11M	23.13M	18.03M	23.86M	16.18M
Free Cash Flow Margin	+76.0%	+70.5%	+63.3%	+73.2%	+57.3%
Free Cash Flow Per Share	0.17	0.12	0.09	0.12	0.08
Payout Ratio	+58.6%	+81.7%	+106.5%	+71.4%	+49.1%
Supplemental
Other Unusual Items	5.47M	3.50M	2.15M	2.62M	2.77M