INOVEST (B.S.C)

Inovest BSC

INOVESTStocksBoursa KuwaitReal Estate

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

USD KWD

Annual (USD)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	3.21M	-1.66M	12.02M	8.67M	5.57M
Cost of Revenue	2.15M	1.81M	1.91M	1.84M	1.35M
Gross Profit	1.07M	-3.47M	10.11M	6.83M	4.22M
SG&A	5.41M	5.74M	5.92M	6.19M	6.41M
Operating Expenses	7.23M	4.99M	6.79M	6.69M	6.80M
Operating Income	-6.16M	-8.47M	3.32M	0.14M	-2.58M
Interest Expense	—	—	-145.00K	-330.00K	-350.00K
Other Income/Expense	—	—	1.68M	1.30M	3.81M
Pretax Income	-18.60M	-8.47M	4.85M	1.11M	0.88M
Net Income	-18.63M	-8.52M	4.63M	0.92M	0.75M
EBITDA	-5.69M	-7.69M	4.01M	0.80M	-1.61M
EBIT	-6.16M	-8.47M	3.32M	0.14M	-2.58M
EPS (Basic)	-0.06	-0.03	0.02	0.00	0.00
EPS (Diluted)	-0.06	-0.03	0.02	0.00	0.00
DPS	—	—	0.01	—	—
Margins & Efficiency
Gross Margin %	+33.2%	+208.9%	+84.1%	+78.8%	+75.7%
EBITDA Margin %	-177.2%	+462.2%	+33.4%	+9.2%	-29.0%
Net Margin %	-580.5%	+512.6%	+38.5%	+10.6%	+13.4%
Revenue & Income
Revenue	3.21M	-1.66M	12.02M	8.67M	5.57M
Revenue as Reported	4.30M	-0.13M	12.39M	8.67M	5.57M
Revenue Growth (YoY)	—	—	+38.7%	+55.7%	-30.6%
Operating Revenue	1.69M	1.72M	2.71M	3.15M	1.12M
Other Revenue	1.52M	-3.39M	9.31M	5.52M	4.45M
Gain (Loss) on Sale of Assets	743.00K	—	—	—	—
Expenses & Provisions
Cost of Revenue	2.15M	1.81M	1.91M	1.84M	1.35M
Selling, General & Admin	5.41M	5.74M	5.92M	6.19M	6.41M
Operating Expenses	7.23M	4.99M	6.79M	6.69M	6.80M
Other Operating Expenses	-0.22M	-1.41M	-0.25M	0.12M	0.08M
Interest Expense	—	—	-145.00K	-330.00K	-350.00K
Other Non Operating Income (Expenses)	—	—	1.68M	1.30M	3.81M
Legal Settlements	-13.18M	—	—	—	—
D&A For EBITDA	0.47M	0.78M	0.70M	0.66M	0.97M
Profitability & Returns
Gross Profit	1.07M	-3.47M	10.11M	6.83M	4.22M
Gross Margin	+33.2%	—	+84.1%	+78.8%	+75.7%
EBIT	-6.16M	-8.47M	3.32M	0.14M	-2.58M
EBIT Margin	-192.0%	—	+27.6%	+1.6%	-46.3%
EBITDA	-5.69M	-7.69M	4.01M	0.80M	-1.61M
EBITDA Margin	-177.2%	—	+33.4%	+9.2%	-29.0%
EBT Excluding Unusual Items	-6.16M	-8.47M	4.85M	1.11M	0.88M
Pretax Income	-18.60M	-8.47M	4.85M	1.11M	0.88M
Operating Income	-6.16M	-8.47M	3.32M	0.14M	-2.58M
Operating Margin	-192.0%	—	+27.6%	+1.6%	-46.3%
Profit Margin	-580.5%	—	+38.5%	+10.6%	+13.4%
Net Income	-18.63M	-8.52M	4.63M	0.92M	0.75M
Net Income to Common	-18.63M	-8.52M	4.63M	0.92M	0.75M
Net Income Growth	—	—	+402.1%	+23.7%	-85.2%
Earnings From Continuing Ops.	-18.60M	-8.47M	4.85M	1.11M	0.88M
Minority Interest in Earnings	-36.00K	-58.00K	-212.00K	-184.00K	-131.00K
Per Share & Capital
EPS (Basic)	-0.06	-0.03	0.02	0.00	0.00
EPS (Diluted)	-0.06	-0.03	0.02	0.00	0.00
EPS Growth	—	—	+409.6%	+21.9%	-85.2%
Dividend Per Share	—	—	0.01	—	—
Shares Change (YoY)	—	—	-0.01	0.02	—
Shares Outstanding (Basic)	303.11M	303.11M	303.11M	307.67M	303.11M
Shares Outstanding (Diluted)	303.11M	303.11M	303.11M	307.67M	303.11M
Free Cash Flow	0.22M	-1.46M	-0.30M	-5.36M	2.72M
Free Cash Flow Margin	+6.8%	—	-2.5%	-61.8%	+48.9%
Free Cash Flow Per Share	0.00	-0.01	-0.00	-0.02	0.01
Payout Ratio	—	—	—	+35.8%	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

USD KWD

Annual (USD)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	3.21M	-1.66M	12.02M	8.67M	5.57M
Cost of Revenue	2.15M	1.81M	1.91M	1.84M	1.35M
Gross Profit	1.07M	-3.47M	10.11M	6.83M	4.22M
SG&A	5.41M	5.74M	5.92M	6.19M	6.41M
Operating Expenses	7.23M	4.99M	6.79M	6.69M	6.80M
Operating Income	-6.16M	-8.47M	3.32M	0.14M	-2.58M
Interest Expense	—	—	-145.00K	-330.00K	-350.00K
Other Income/Expense	—	—	1.68M	1.30M	3.81M
Pretax Income	-18.60M	-8.47M	4.85M	1.11M	0.88M
Net Income	-18.63M	-8.52M	4.63M	0.92M	0.75M
EBITDA	-5.69M	-7.69M	4.01M	0.80M	-1.61M
EBIT	-6.16M	-8.47M	3.32M	0.14M	-2.58M
EPS (Basic)	-0.06	-0.03	0.02	0.00	0.00
EPS (Diluted)	-0.06	-0.03	0.02	0.00	0.00
DPS	—	—	0.01	—	—
Margins & Efficiency
Gross Margin %	+33.2%	+208.9%	+84.1%	+78.8%	+75.7%
EBITDA Margin %	-177.2%	+462.2%	+33.4%	+9.2%	-29.0%
Net Margin %	-580.5%	+512.6%	+38.5%	+10.6%	+13.4%
Revenue & Income
Revenue	3.21M	-1.66M	12.02M	8.67M	5.57M
Revenue as Reported	4.30M	-0.13M	12.39M	8.67M	5.57M
Revenue Growth (YoY)	—	—	+38.7%	+55.7%	-30.6%
Operating Revenue	1.69M	1.72M	2.71M	3.15M	1.12M
Other Revenue	1.52M	-3.39M	9.31M	5.52M	4.45M
Gain (Loss) on Sale of Assets	743.00K	—	—	—	—
Expenses & Provisions
Cost of Revenue	2.15M	1.81M	1.91M	1.84M	1.35M
Selling, General & Admin	5.41M	5.74M	5.92M	6.19M	6.41M
Operating Expenses	7.23M	4.99M	6.79M	6.69M	6.80M
Other Operating Expenses	-0.22M	-1.41M	-0.25M	0.12M	0.08M
Interest Expense	—	—	-145.00K	-330.00K	-350.00K
Other Non Operating Income (Expenses)	—	—	1.68M	1.30M	3.81M
Legal Settlements	-13.18M	—	—	—	—
D&A For EBITDA	0.47M	0.78M	0.70M	0.66M	0.97M
Profitability & Returns
Gross Profit	1.07M	-3.47M	10.11M	6.83M	4.22M
Gross Margin	+33.2%	—	+84.1%	+78.8%	+75.7%
EBIT	-6.16M	-8.47M	3.32M	0.14M	-2.58M
EBIT Margin	-192.0%	—	+27.6%	+1.6%	-46.3%
EBITDA	-5.69M	-7.69M	4.01M	0.80M	-1.61M
EBITDA Margin	-177.2%	—	+33.4%	+9.2%	-29.0%
EBT Excluding Unusual Items	-6.16M	-8.47M	4.85M	1.11M	0.88M
Pretax Income	-18.60M	-8.47M	4.85M	1.11M	0.88M
Operating Income	-6.16M	-8.47M	3.32M	0.14M	-2.58M
Operating Margin	-192.0%	—	+27.6%	+1.6%	-46.3%
Profit Margin	-580.5%	—	+38.5%	+10.6%	+13.4%
Net Income	-18.63M	-8.52M	4.63M	0.92M	0.75M
Net Income to Common	-18.63M	-8.52M	4.63M	0.92M	0.75M
Net Income Growth	—	—	+402.1%	+23.7%	-85.2%
Earnings From Continuing Ops.	-18.60M	-8.47M	4.85M	1.11M	0.88M
Minority Interest in Earnings	-36.00K	-58.00K	-212.00K	-184.00K	-131.00K
Per Share & Capital
EPS (Basic)	-0.06	-0.03	0.02	0.00	0.00
EPS (Diluted)	-0.06	-0.03	0.02	0.00	0.00
EPS Growth	—	—	+409.6%	+21.9%	-85.2%
Dividend Per Share	—	—	0.01	—	—
Shares Change (YoY)	—	—	-0.01	0.02	—
Shares Outstanding (Basic)	303.11M	303.11M	303.11M	307.67M	303.11M
Shares Outstanding (Diluted)	303.11M	303.11M	303.11M	307.67M	303.11M
Free Cash Flow	0.22M	-1.46M	-0.30M	-5.36M	2.72M
Free Cash Flow Margin	+6.8%	—	-2.5%	-61.8%	+48.9%
Free Cash Flow Per Share	0.00	-0.01	-0.00	-0.02	0.01
Payout Ratio	—	—	—	+35.8%	—