COMBINED GROUP CONTRACTING CO.

Combined Group Contracting Co. SAKC

CGCStocksBoursa KuwaitIndustrials

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	166.75M	173.04M	154.67M	145.88M	176.98M
Cost of Revenue	146.02M	153.20M	133.28M	133.60M	175.57M
Gross Profit	20.72M	19.85M	21.39M	12.28M	1.41M
SG&A	10.52M	9.46M	9.19M	7.96M	7.50M
Operating Expenses	11.50M	10.03M	9.83M	8.83M	8.62M
Operating Income	9.22M	9.81M	11.56M	3.45M	-7.21M
Interest Income	113.32K	172.31K	140.65K	62.90K	194.15K
Interest Expense	-1.82M	-1.83M	-1.18M	-1.09M	-2.16M
Other Income/Expense	0.53M	1.10M	0.76M	0.81M	0.56M
Pretax Income	9.96M	9.97M	11.40M	10.40M	-8.36M
Income Tax	145.97K	149.77K	135.86K	112.91K	29.27K
Net Income	9.08M	9.03M	9.82M	9.37M	-8.98M
EBITDA	14.64M	14.31M	15.67M	8.84M	0.05M
EBIT	9.22M	9.81M	11.56M	3.45M	-7.21M
EPS (Basic)	0.05	0.05	0.06	0.05	-0.05
EPS (Diluted)	0.05	0.05	0.06	0.05	-0.05
DPS	0.03	0.03	0.03	0.03	0.01
Margins & Efficiency
Gross Margin %	+12.4%	+11.5%	+13.8%	+8.4%	+0.8%
EBITDA Margin %	+8.8%	+8.3%	+10.1%	+6.1%	0.0%
Net Margin %	+5.4%	+5.2%	+6.4%	+6.4%	-5.1%
Revenue & Income
Revenue	166.75M	173.04M	154.67M	145.88M	176.98M
Revenue Growth (YoY)	-3.6%	+11.9%	+6.0%	-17.6%	-32.9%
Interest & Investment Income	113.32K	172.31K	140.65K	62.90K	194.15K
Earnings From Equity Investments	55.02K	-151.63K	-425.59K	—	—
Gain (Loss) on Sale of Assets	1.20M	0.27M	0.19M	3.81M	0.18M
Gain (Loss) on Sale of Investments	222.44K	80.56K	345.25K	581.05K	-276.98K
Expenses & Provisions
Cost of Revenue	146.02M	153.20M	133.28M	133.60M	175.57M
Selling, General & Admin	10.52M	9.46M	9.19M	7.96M	7.50M
Operating Expenses	11.50M	10.03M	9.83M	8.83M	8.62M
Other Operating Expenses	266.73K	263.36K	282.19K	272.98K	—
Interest Expense	-1.82M	-1.83M	-1.18M	-1.09M	-2.16M
Other Non Operating Income (Expenses)	0.53M	1.10M	0.76M	0.81M	0.56M
Legal Settlements	—	0.03M	0.01M	2.45M	0.20M
Asset Writedown	94.83K	58.27K	-17.50K	—	-104.00K
D&A For EBITDA	5.41M	4.50M	4.10M	5.39M	7.26M
Profitability & Returns
Gross Profit	20.72M	19.85M	21.39M	12.28M	1.41M
Gross Margin	+12.4%	+11.5%	+13.8%	+8.4%	+0.8%
EBIT	9.22M	9.81M	11.56M	3.45M	-7.21M
EBIT Margin	+5.5%	+5.7%	+7.5%	+2.4%	-4.1%
EBITDA	14.64M	14.31M	15.67M	8.84M	0.05M
EBITDA Margin	+8.8%	+8.3%	+10.1%	+6.1%	0.0%
EBT Excluding Unusual Items	8.10M	9.11M	10.85M	3.23M	-8.62M
Pretax Income	9.96M	9.97M	11.40M	10.40M	-8.36M
Operating Income	9.22M	9.81M	11.56M	3.45M	-7.21M
Operating Margin	+5.5%	+5.7%	+7.5%	+2.4%	-4.1%
Profit Margin	+5.4%	+5.2%	+6.4%	+6.4%	-5.1%
Net Income	9.08M	9.03M	9.82M	9.37M	-8.98M
Net Income to Common	9.08M	9.03M	9.82M	9.37M	-8.98M
Net Income Growth	+0.6%	-8.0%	+4.9%	—	—
Earnings From Continuing Ops.	9.82M	9.82M	11.26M	10.29M	-8.39M
Minority Interest in Earnings	-0.73M	-0.79M	-1.44M	-0.92M	-0.60M
Income Tax Expense	145.97K	149.77K	135.86K	112.91K	29.27K
Effective Tax Rate	+1.5%	+1.5%	+1.2%	+1.1%	—
Per Share & Capital
EPS (Basic)	0.05	0.05	0.06	0.05	-0.05
EPS (Diluted)	0.05	0.05	0.06	0.05	-0.05
EPS Growth	+0.2%	-7.4%	+4.9%	—	—
Dividend Per Share	0.03	0.03	0.03	0.03	0.01
Shares Change (YoY)	0	-0.01	—	—	-0
Shares Outstanding (Basic)	170.48M	169.85M	171.08M	171.08M	171.08M
Shares Outstanding (Diluted)	170.48M	169.85M	171.08M	171.08M	171.08M
Dividend Growth	—	—	+20.0%	+316.7%	—
Free Cash Flow	-3.62M	5.69M	-14.02M	19.39M	38.54M
Free Cash Flow Margin	-2.2%	+3.3%	-9.1%	+13.3%	+21.8%
Free Cash Flow Per Share	-0.02	0.03	-0.08	0.11	0.23
Payout Ratio	+56.4%	+56.8%	+43.4%	+10.9%	—
Supplemental
Other Unusual Items	—	—	—	10.32K	—

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	166.75M	173.04M	154.67M	145.88M	176.98M
Cost of Revenue	146.02M	153.20M	133.28M	133.60M	175.57M
Gross Profit	20.72M	19.85M	21.39M	12.28M	1.41M
SG&A	10.52M	9.46M	9.19M	7.96M	7.50M
Operating Expenses	11.50M	10.03M	9.83M	8.83M	8.62M
Operating Income	9.22M	9.81M	11.56M	3.45M	-7.21M
Interest Income	113.32K	172.31K	140.65K	62.90K	194.15K
Interest Expense	-1.82M	-1.83M	-1.18M	-1.09M	-2.16M
Other Income/Expense	0.53M	1.10M	0.76M	0.81M	0.56M
Pretax Income	9.96M	9.97M	11.40M	10.40M	-8.36M
Income Tax	145.97K	149.77K	135.86K	112.91K	29.27K
Net Income	9.08M	9.03M	9.82M	9.37M	-8.98M
EBITDA	14.64M	14.31M	15.67M	8.84M	0.05M
EBIT	9.22M	9.81M	11.56M	3.45M	-7.21M
EPS (Basic)	0.05	0.05	0.06	0.05	-0.05
EPS (Diluted)	0.05	0.05	0.06	0.05	-0.05
DPS	0.03	0.03	0.03	0.03	0.01
Margins & Efficiency
Gross Margin %	+12.4%	+11.5%	+13.8%	+8.4%	+0.8%
EBITDA Margin %	+8.8%	+8.3%	+10.1%	+6.1%	0.0%
Net Margin %	+5.4%	+5.2%	+6.4%	+6.4%	-5.1%
Revenue & Income
Revenue	166.75M	173.04M	154.67M	145.88M	176.98M
Revenue Growth (YoY)	-3.6%	+11.9%	+6.0%	-17.6%	-32.9%
Interest & Investment Income	113.32K	172.31K	140.65K	62.90K	194.15K
Earnings From Equity Investments	55.02K	-151.63K	-425.59K	—	—
Gain (Loss) on Sale of Assets	1.20M	0.27M	0.19M	3.81M	0.18M
Gain (Loss) on Sale of Investments	222.44K	80.56K	345.25K	581.05K	-276.98K
Expenses & Provisions
Cost of Revenue	146.02M	153.20M	133.28M	133.60M	175.57M
Selling, General & Admin	10.52M	9.46M	9.19M	7.96M	7.50M
Operating Expenses	11.50M	10.03M	9.83M	8.83M	8.62M
Other Operating Expenses	266.73K	263.36K	282.19K	272.98K	—
Interest Expense	-1.82M	-1.83M	-1.18M	-1.09M	-2.16M
Other Non Operating Income (Expenses)	0.53M	1.10M	0.76M	0.81M	0.56M
Legal Settlements	—	0.03M	0.01M	2.45M	0.20M
Asset Writedown	94.83K	58.27K	-17.50K	—	-104.00K
D&A For EBITDA	5.41M	4.50M	4.10M	5.39M	7.26M
Profitability & Returns
Gross Profit	20.72M	19.85M	21.39M	12.28M	1.41M
Gross Margin	+12.4%	+11.5%	+13.8%	+8.4%	+0.8%
EBIT	9.22M	9.81M	11.56M	3.45M	-7.21M
EBIT Margin	+5.5%	+5.7%	+7.5%	+2.4%	-4.1%
EBITDA	14.64M	14.31M	15.67M	8.84M	0.05M
EBITDA Margin	+8.8%	+8.3%	+10.1%	+6.1%	0.0%
EBT Excluding Unusual Items	8.10M	9.11M	10.85M	3.23M	-8.62M
Pretax Income	9.96M	9.97M	11.40M	10.40M	-8.36M
Operating Income	9.22M	9.81M	11.56M	3.45M	-7.21M
Operating Margin	+5.5%	+5.7%	+7.5%	+2.4%	-4.1%
Profit Margin	+5.4%	+5.2%	+6.4%	+6.4%	-5.1%
Net Income	9.08M	9.03M	9.82M	9.37M	-8.98M
Net Income to Common	9.08M	9.03M	9.82M	9.37M	-8.98M
Net Income Growth	+0.6%	-8.0%	+4.9%	—	—
Earnings From Continuing Ops.	9.82M	9.82M	11.26M	10.29M	-8.39M
Minority Interest in Earnings	-0.73M	-0.79M	-1.44M	-0.92M	-0.60M
Income Tax Expense	145.97K	149.77K	135.86K	112.91K	29.27K
Effective Tax Rate	+1.5%	+1.5%	+1.2%	+1.1%	—
Per Share & Capital
EPS (Basic)	0.05	0.05	0.06	0.05	-0.05
EPS (Diluted)	0.05	0.05	0.06	0.05	-0.05
EPS Growth	+0.2%	-7.4%	+4.9%	—	—
Dividend Per Share	0.03	0.03	0.03	0.03	0.01
Shares Change (YoY)	0	-0.01	—	—	-0
Shares Outstanding (Basic)	170.48M	169.85M	171.08M	171.08M	171.08M
Shares Outstanding (Diluted)	170.48M	169.85M	171.08M	171.08M	171.08M
Dividend Growth	—	—	+20.0%	+316.7%	—
Free Cash Flow	-3.62M	5.69M	-14.02M	19.39M	38.54M
Free Cash Flow Margin	-2.2%	+3.3%	-9.1%	+13.3%	+21.8%
Free Cash Flow Per Share	-0.02	0.03	-0.08	0.11	0.23
Payout Ratio	+56.4%	+56.8%	+43.4%	+10.9%	—
Supplemental
Other Unusual Items	—	—	—	10.32K	—