Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual (KWD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	32.50M	28.51M	28.80M	27.43M	22.01M
Cost of Revenue	21.02M	19.36M	19.29M	19.62M	16.97M
Gross Profit	11.48M	9.15M	9.51M	7.82M	5.04M
SG&A	3.94M	2.89M	3.08M	2.84M	2.43M
Operating Expenses	4.04M	2.89M	3.29M	3.00M	2.74M
Operating Income	7.44M	6.26M	6.22M	4.81M	2.30M
Interest Income	118.14K	247.37K	339.49K	53.60K	51.20K
Interest Expense	-457.64K	-427.45K	-521.84K	-260.44K	-177.50K
Other Income/Expense	94.79K	317.46K	55.28K	12.44K	48.87K
Pretax Income	7.45M	6.75M	6.46M	4.43M	2.43M
Income Tax	—	109.76K	62.53K	50.41K	24.06K
Net Income	7.45M	6.64M	6.40M	4.38M	2.41M
EBITDA	13.24M	11.58M	11.13M	9.67M	6.69M
EBIT	7.44M	6.26M	6.22M	4.81M	2.30M
EPS (Basic)	0.05	0.04	0.04	0.03	0.02
EPS (Diluted)	0.05	0.04	0.04	0.03	0.02
DPS	—	0.03	0.02	0.02	0.02
Margins & Efficiency
Gross Margin %	+35.3%	+32.1%	+33.0%	+28.5%	+22.9%
EBITDA Margin %	+40.7%	+40.6%	+38.7%	+35.3%	+30.4%
Net Margin %	+22.9%	+23.3%	+22.2%	+16.0%	+10.9%
Revenue & Income
Revenue	32.50M	28.51M	28.80M	27.43M	22.01M
Revenue Growth (YoY)	+14.0%	-1.0%	+5.0%	+24.6%	+4.0%
Interest & Investment Income	118.14K	247.37K	339.49K	53.60K	51.20K
Gain (Loss) on Sale of Assets	66.08K	254.62K	96.88K	12.83K	200.10K
Currency Exchange Gain (Loss)	0.92K	47.93K	16.19K	98.21K	—
Expenses & Provisions
Cost of Revenue	21.02M	19.36M	19.29M	19.62M	16.97M
Selling, General & Admin	3.94M	2.89M	3.08M	2.84M	2.43M
Operating Expenses	4.04M	2.89M	3.29M	3.00M	2.74M
Other Operating Expenses	—	274.41K	156.32K	126.82K	10.10K
Interest Expense	-457.64K	-427.45K	-521.84K	-260.44K	-177.50K
Other Non Operating Income (Expenses)	94.79K	317.46K	55.28K	12.44K	48.87K
Legal Settlements	—	-514.99K	—	—	—
Asset Writedown	192.34K	562.03K	245.77K	-296.65K	—
D&A For EBITDA	5.80M	5.31M	4.91M	4.86M	4.39M
Profitability & Returns
Gross Profit	11.48M	9.15M	9.51M	7.82M	5.04M
Gross Margin	+35.3%	+32.1%	+33.0%	+28.5%	+22.9%
EBIT	7.44M	6.26M	6.22M	4.81M	2.30M
EBIT Margin	+22.9%	+22.0%	+21.6%	+17.5%	+10.4%
EBITDA	13.24M	11.58M	11.13M	9.67M	6.69M
EBITDA Margin	+40.7%	+40.6%	+38.7%	+35.3%	+30.4%
EBT Excluding Unusual Items	7.19M	6.45M	6.11M	4.71M	2.22M
Pretax Income	7.45M	6.75M	6.46M	4.43M	2.43M
Operating Income	7.44M	6.26M	6.22M	4.81M	2.30M
Operating Margin	+22.9%	+22.0%	+21.6%	+17.5%	+10.4%
Profit Margin	+22.9%	+23.3%	+22.2%	+16.0%	+10.9%
Net Income	7.45M	6.64M	6.40M	4.38M	2.41M
Net Income to Common	7.45M	6.64M	6.40M	4.38M	2.41M
Net Income Growth	+12.3%	+3.8%	+46.0%	+82.0%	-40.9%
Income Tax Expense	—	109.76K	62.53K	50.41K	24.06K
Effective Tax Rate	—	+1.6%	+1.0%	+1.1%	+1.0%
Per Share & Capital
EPS (Basic)	0.05	0.04	0.04	0.03	0.02
EPS (Diluted)	0.05	0.04	0.04	0.03	0.02
EPS Growth	+12.3%	+3.8%	+46.0%	+82.0%	-40.9%
Dividend Per Share	—	0.03	0.02	0.02	0.02
Shares Outstanding (Basic)	150.00M	150.00M	150.00M	150.00M	150.00M
Shares Outstanding (Diluted)	150.00M	150.00M	150.00M	150.00M	150.00M
Dividend Growth	—	+18.2%	+22.2%	+12.5%	-20.0%
Free Cash Flow	3.88M	4.67M	4.15M	5.08M	-2.52M
Free Cash Flow Margin	+11.9%	+16.4%	+14.4%	+18.5%	-11.5%
Free Cash Flow Per Share	0.03	0.03	0.03	0.03	-0.02
Payout Ratio	+52.3%	+49.8%	+42.4%	+54.2%	+124.6%
Supplemental
Other Unusual Items	0.15K	—	7.74K	0.55K	10.37K

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	32.50M	28.51M	28.80M	27.43M	22.01M
Cost of Revenue	21.02M	19.36M	19.29M	19.62M	16.97M
Gross Profit	11.48M	9.15M	9.51M	7.82M	5.04M
SG&A	3.94M	2.89M	3.08M	2.84M	2.43M
Operating Expenses	4.04M	2.89M	3.29M	3.00M	2.74M
Operating Income	7.44M	6.26M	6.22M	4.81M	2.30M
Interest Income	118.14K	247.37K	339.49K	53.60K	51.20K
Interest Expense	-457.64K	-427.45K	-521.84K	-260.44K	-177.50K
Other Income/Expense	94.79K	317.46K	55.28K	12.44K	48.87K
Pretax Income	7.45M	6.75M	6.46M	4.43M	2.43M
Income Tax	—	109.76K	62.53K	50.41K	24.06K
Net Income	7.45M	6.64M	6.40M	4.38M	2.41M
EBITDA	13.24M	11.58M	11.13M	9.67M	6.69M
EBIT	7.44M	6.26M	6.22M	4.81M	2.30M
EPS (Basic)	0.05	0.04	0.04	0.03	0.02
EPS (Diluted)	0.05	0.04	0.04	0.03	0.02
DPS	—	0.03	0.02	0.02	0.02
Margins & Efficiency
Gross Margin %	+35.3%	+32.1%	+33.0%	+28.5%	+22.9%
EBITDA Margin %	+40.7%	+40.6%	+38.7%	+35.3%	+30.4%
Net Margin %	+22.9%	+23.3%	+22.2%	+16.0%	+10.9%
Revenue & Income
Revenue	32.50M	28.51M	28.80M	27.43M	22.01M
Revenue Growth (YoY)	+14.0%	-1.0%	+5.0%	+24.6%	+4.0%
Interest & Investment Income	118.14K	247.37K	339.49K	53.60K	51.20K
Gain (Loss) on Sale of Assets	66.08K	254.62K	96.88K	12.83K	200.10K
Currency Exchange Gain (Loss)	0.92K	47.93K	16.19K	98.21K	—
Expenses & Provisions
Cost of Revenue	21.02M	19.36M	19.29M	19.62M	16.97M
Selling, General & Admin	3.94M	2.89M	3.08M	2.84M	2.43M
Operating Expenses	4.04M	2.89M	3.29M	3.00M	2.74M
Other Operating Expenses	—	274.41K	156.32K	126.82K	10.10K
Interest Expense	-457.64K	-427.45K	-521.84K	-260.44K	-177.50K
Other Non Operating Income (Expenses)	94.79K	317.46K	55.28K	12.44K	48.87K
Legal Settlements	—	-514.99K	—	—	—
Asset Writedown	192.34K	562.03K	245.77K	-296.65K	—
D&A For EBITDA	5.80M	5.31M	4.91M	4.86M	4.39M
Profitability & Returns
Gross Profit	11.48M	9.15M	9.51M	7.82M	5.04M
Gross Margin	+35.3%	+32.1%	+33.0%	+28.5%	+22.9%
EBIT	7.44M	6.26M	6.22M	4.81M	2.30M
EBIT Margin	+22.9%	+22.0%	+21.6%	+17.5%	+10.4%
EBITDA	13.24M	11.58M	11.13M	9.67M	6.69M
EBITDA Margin	+40.7%	+40.6%	+38.7%	+35.3%	+30.4%
EBT Excluding Unusual Items	7.19M	6.45M	6.11M	4.71M	2.22M
Pretax Income	7.45M	6.75M	6.46M	4.43M	2.43M
Operating Income	7.44M	6.26M	6.22M	4.81M	2.30M
Operating Margin	+22.9%	+22.0%	+21.6%	+17.5%	+10.4%
Profit Margin	+22.9%	+23.3%	+22.2%	+16.0%	+10.9%
Net Income	7.45M	6.64M	6.40M	4.38M	2.41M
Net Income to Common	7.45M	6.64M	6.40M	4.38M	2.41M
Net Income Growth	+12.3%	+3.8%	+46.0%	+82.0%	-40.9%
Income Tax Expense	—	109.76K	62.53K	50.41K	24.06K
Effective Tax Rate	—	+1.6%	+1.0%	+1.1%	+1.0%
Per Share & Capital
EPS (Basic)	0.05	0.04	0.04	0.03	0.02
EPS (Diluted)	0.05	0.04	0.04	0.03	0.02
EPS Growth	+12.3%	+3.8%	+46.0%	+82.0%	-40.9%
Dividend Per Share	—	0.03	0.02	0.02	0.02
Shares Outstanding (Basic)	150.00M	150.00M	150.00M	150.00M	150.00M
Shares Outstanding (Diluted)	150.00M	150.00M	150.00M	150.00M	150.00M
Dividend Growth	—	+18.2%	+22.2%	+12.5%	-20.0%
Free Cash Flow	3.88M	4.67M	4.15M	5.08M	-2.52M
Free Cash Flow Margin	+11.9%	+16.4%	+14.4%	+18.5%	-11.5%
Free Cash Flow Per Share	0.03	0.03	0.03	0.03	-0.02
Payout Ratio	+52.3%	+49.8%	+42.4%	+54.2%	+124.6%
Supplemental
Other Unusual Items	0.15K	—	7.74K	0.55K	10.37K

Financials

Annual (KWD)

JTC Logistics Transportation & Stevedoring Company K.S.C.P

Annual (KWD)