INTERNATIONAL FINANCIAL ADVISERS HOLDING

International Financial Advisors Holding K.P.S.C.

IFAStocksBoursa 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	12.10M	9.91M	9.97M	4.70M	2.05M
Cost of Revenue	193.71K	296.61K	314.23K	306.76K	352.20K
Gross Profit	11.91M	9.62M	9.65M	4.40M	1.70M
SG&A	30.00K	40.00K	—	—	—
Operating Expenses	1.21M	1.19M	1.25M	0.88M	0.71M
Operating Income	10.70M	8.42M	8.40M	3.52M	0.98M
Interest Expense	-0.77M	-0.60M	-1.00M	-1.42M	-0.60M
Other Income/Expense	-2.59M	—	—	—	0.18M
Pretax Income	11.61M	8.04M	16.78M	1.38M	0.71M
Income Tax	8.04K	52.24K	363.96K	50.88K	6.28K
Net Income	11.52M	8.02M	16.45M	1.40M	0.64M
EBITDA	10.71M	8.43M	8.40M	3.52M	0.99M
EBIT	10.70M	8.42M	8.40M	3.52M	0.98M
EPS (Basic)	0.02	0.02	0.04	0.00	0.00
EPS (Diluted)	0.02	0.02	0.04	0.00	0.00
Margins & Efficiency
Gross Margin %	+98.4%	+97.0%	+96.8%	+93.5%	+82.8%
EBITDA Margin %	+88.5%	+85.0%	+84.3%	+74.9%	+48.2%
Net Margin %	+95.2%	+80.9%	+165.1%	+29.8%	+31.0%
Revenue & Income
Revenue	12.10M	9.91M	9.97M	4.70M	2.05M
Revenue as Reported	16.50M	10.13M	19.35M	5.33M	2.48M
Revenue Growth (YoY)	+22.1%	-0.5%	+111.9%	+129.4%	—
Operating Revenue	0.48M	0.65M	0.16M	0.03M	1.06M
Other Revenue	11.62M	9.26M	9.81M	4.67M	0.99M
Gain (Loss) on Sale of Assets	325.10K	—	171.09K	16.32K	-20.57K
Gain (Loss) on Sale of Investments	-0.13M	—	—	-1.34M	—
Currency Exchange Gain (Loss)	-85.22K	157.44K	-27.82K	-50.37K	20.07K
Expenses & Provisions
Cost of Revenue	193.71K	296.61K	314.23K	306.76K	352.20K
Selling, General & Admin	30.00K	40.00K	—	—	—
Operating Expenses	1.21M	1.19M	1.25M	0.88M	0.71M
Other Operating Expenses	1.18M	1.15M	1.25M	0.88M	0.71M
Interest Expense	-0.77M	-0.60M	-1.00M	-1.42M	-0.60M
Other Non Operating Income (Expenses)	-2.59M	—	—	—	0.18M
Legal Settlements	—	—	4.02M	0.68M	—
Asset Writedown	1.15M	0.06M	0.04M	-0.02M	0.15M
D&A For EBITDA	3.63K	4.39K	5.05K	3.79K	3.79K
Profitability & Returns
Gross Profit	11.91M	9.62M	9.65M	4.40M	1.70M
Gross Margin	+98.4%	+97.0%	+96.8%	+93.5%	+82.8%
EBIT	10.70M	8.42M	8.40M	3.52M	0.98M
EBIT Margin	+88.4%	+85.0%	+84.3%	+74.8%	+48.0%
EBITDA	10.71M	8.43M	8.40M	3.52M	0.99M
EBITDA Margin	+88.5%	+85.0%	+84.3%	+74.9%	+48.2%
EBT Excluding Unusual Items	7.26M	7.98M	7.37M	2.05M	0.58M
Pretax Income	11.61M	8.04M	16.78M	1.38M	0.71M
Operating Income	10.70M	8.42M	8.40M	3.52M	0.98M
Operating Margin	+88.4%	+85.0%	+84.3%	+74.8%	+48.0%
Profit Margin	+95.2%	+80.9%	+165.1%	+29.8%	+31.0%
Net Income	11.52M	8.02M	16.45M	1.40M	0.64M
Net Income to Common	11.52M	8.02M	16.45M	1.40M	0.64M
Net Income to Company	11.60M	7.99M	16.42M	1.33M	0.70M
Net Income Growth	+43.6%	-51.3%	+1,073.0%	+120.8%	-92.3%
Earnings From Continuing Ops.	11.60M	7.99M	16.42M	1.33M	0.70M
Minority Interest in Earnings	-83.68K	30.65K	35.20K	72.30K	-67.44K
Income Tax Expense	8.04K	52.24K	363.96K	50.88K	6.28K
Effective Tax Rate	+0.1%	+0.7%	+2.2%	+3.7%	+0.9%
Per Share & Capital
EPS (Basic)	0.02	0.02	0.04	0.00	0.00
EPS (Diluted)	0.02	0.02	0.04	0.00	0.00
EPS Growth	+43.6%	-63.3%	+855.3%	+120.9%	-92.3%
Shares Change (YoY)	—	0.33	0.23	—	0
Shares Outstanding (Basic)	516.79M	516.79M	389.12M	316.90M	316.90M
Shares Outstanding (Diluted)	516.79M	516.79M	389.12M	316.90M	316.90M
Free Cash Flow	-0.53M	-8.13M	-0.58M	-1.24M	-1.27M
Free Cash Flow Margin	-4.4%	-82.0%	-5.8%	-26.3%	-61.9%
Free Cash Flow Per Share	-0.00	-0.02	-0.00	-0.00	-0.00
Supplemental
Other Unusual Items	3.00M	—	5.18M	—	—

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	12.10M	9.91M	9.97M	4.70M	2.05M
Cost of Revenue	193.71K	296.61K	314.23K	306.76K	352.20K
Gross Profit	11.91M	9.62M	9.65M	4.40M	1.70M
SG&A	30.00K	40.00K	—	—	—
Operating Expenses	1.21M	1.19M	1.25M	0.88M	0.71M
Operating Income	10.70M	8.42M	8.40M	3.52M	0.98M
Interest Expense	-0.77M	-0.60M	-1.00M	-1.42M	-0.60M
Other Income/Expense	-2.59M	—	—	—	0.18M
Pretax Income	11.61M	8.04M	16.78M	1.38M	0.71M
Income Tax	8.04K	52.24K	363.96K	50.88K	6.28K
Net Income	11.52M	8.02M	16.45M	1.40M	0.64M
EBITDA	10.71M	8.43M	8.40M	3.52M	0.99M
EBIT	10.70M	8.42M	8.40M	3.52M	0.98M
EPS (Basic)	0.02	0.02	0.04	0.00	0.00
EPS (Diluted)	0.02	0.02	0.04	0.00	0.00
Margins & Efficiency
Gross Margin %	+98.4%	+97.0%	+96.8%	+93.5%	+82.8%
EBITDA Margin %	+88.5%	+85.0%	+84.3%	+74.9%	+48.2%
Net Margin %	+95.2%	+80.9%	+165.1%	+29.8%	+31.0%
Revenue & Income
Revenue	12.10M	9.91M	9.97M	4.70M	2.05M
Revenue as Reported	16.50M	10.13M	19.35M	5.33M	2.48M
Revenue Growth (YoY)	+22.1%	-0.5%	+111.9%	+129.4%	—
Operating Revenue	0.48M	0.65M	0.16M	0.03M	1.06M
Other Revenue	11.62M	9.26M	9.81M	4.67M	0.99M
Gain (Loss) on Sale of Assets	325.10K	—	171.09K	16.32K	-20.57K
Gain (Loss) on Sale of Investments	-0.13M	—	—	-1.34M	—
Currency Exchange Gain (Loss)	-85.22K	157.44K	-27.82K	-50.37K	20.07K
Expenses & Provisions
Cost of Revenue	193.71K	296.61K	314.23K	306.76K	352.20K
Selling, General & Admin	30.00K	40.00K	—	—	—
Operating Expenses	1.21M	1.19M	1.25M	0.88M	0.71M
Other Operating Expenses	1.18M	1.15M	1.25M	0.88M	0.71M
Interest Expense	-0.77M	-0.60M	-1.00M	-1.42M	-0.60M
Other Non Operating Income (Expenses)	-2.59M	—	—	—	0.18M
Legal Settlements	—	—	4.02M	0.68M	—
Asset Writedown	1.15M	0.06M	0.04M	-0.02M	0.15M
D&A For EBITDA	3.63K	4.39K	5.05K	3.79K	3.79K
Profitability & Returns
Gross Profit	11.91M	9.62M	9.65M	4.40M	1.70M
Gross Margin	+98.4%	+97.0%	+96.8%	+93.5%	+82.8%
EBIT	10.70M	8.42M	8.40M	3.52M	0.98M
EBIT Margin	+88.4%	+85.0%	+84.3%	+74.8%	+48.0%
EBITDA	10.71M	8.43M	8.40M	3.52M	0.99M
EBITDA Margin	+88.5%	+85.0%	+84.3%	+74.9%	+48.2%
EBT Excluding Unusual Items	7.26M	7.98M	7.37M	2.05M	0.58M
Pretax Income	11.61M	8.04M	16.78M	1.38M	0.71M
Operating Income	10.70M	8.42M	8.40M	3.52M	0.98M
Operating Margin	+88.4%	+85.0%	+84.3%	+74.8%	+48.0%
Profit Margin	+95.2%	+80.9%	+165.1%	+29.8%	+31.0%
Net Income	11.52M	8.02M	16.45M	1.40M	0.64M
Net Income to Common	11.52M	8.02M	16.45M	1.40M	0.64M
Net Income to Company	11.60M	7.99M	16.42M	1.33M	0.70M
Net Income Growth	+43.6%	-51.3%	+1,073.0%	+120.8%	-92.3%
Earnings From Continuing Ops.	11.60M	7.99M	16.42M	1.33M	0.70M
Minority Interest in Earnings	-83.68K	30.65K	35.20K	72.30K	-67.44K
Income Tax Expense	8.04K	52.24K	363.96K	50.88K	6.28K
Effective Tax Rate	+0.1%	+0.7%	+2.2%	+3.7%	+0.9%
Per Share & Capital
EPS (Basic)	0.02	0.02	0.04	0.00	0.00
EPS (Diluted)	0.02	0.02	0.04	0.00	0.00
EPS Growth	+43.6%	-63.3%	+855.3%	+120.9%	-92.3%
Shares Change (YoY)	—	0.33	0.23	—	0
Shares Outstanding (Basic)	516.79M	516.79M	389.12M	316.90M	316.90M
Shares Outstanding (Diluted)	516.79M	516.79M	389.12M	316.90M	316.90M
Free Cash Flow	-0.53M	-8.13M	-0.58M	-1.24M	-1.27M
Free Cash Flow Margin	-4.4%	-82.0%	-5.8%	-26.3%	-61.9%
Free Cash Flow Per Share	-0.00	-0.02	-0.00	-0.00	-0.00
Supplemental
Other Unusual Items	3.00M	—	5.18M	—	—