Kuwait Investment Company

Kuwait Investment Company S.A.K.

KINVStocksBoursa KuwaitMarket closed

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	45.93M	33.09M	26.09M	19.30M	40.96M
Cost of Revenue	-1.53M	0.09M	-1.23M	1.89M	-0.93M
Gross Profit	47.46M	33.00M	27.32M	17.40M	41.89M
SG&A	16.81M	15.12M	13.50M	11.59M	13.16M
Operating Expenses	17.30M	15.51M	13.68M	11.68M	14.23M
Operating Income	30.16M	17.49M	13.64M	5.73M	27.66M
Interest Expense	-4.30M	-3.77M	-4.74M	-2.66M	-1.70M
Other Income/Expense	-180.71K	-116.08K	-42.46K	—	-247.49K
Pretax Income	23.95M	16.02M	10.37M	3.54M	29.09M
Income Tax	158.93K	109.31K	32.64K	—	251.03K
Net Income	19.71M	12.57M	7.03M	0.60M	26.78M
EBITDA	37.32M	24.02M	20.12M	11.27M	33.03M
EBIT	30.16M	17.49M	13.64M	5.73M	27.66M
EPS (Basic)	0.04	0.02	0.01	0.00	0.05
EPS (Diluted)	0.04	0.02	0.01	0.00	0.05
DPS	0.02	0.01	0.01	0.01	0.03
Margins & Efficiency
Gross Margin %	+103.3%	+99.7%	+104.7%	+90.2%	+102.3%
EBITDA Margin %	+81.3%	+72.6%	+77.1%	+58.4%	+80.6%
Net Margin %	+42.9%	+38.0%	+26.9%	+3.1%	+65.4%
Revenue & Income
Revenue	45.93M	33.09M	26.09M	19.30M	40.96M
Revenue as Reported	—	—	—	20.38M	43.82M
Revenue Growth (YoY)	+38.8%	+26.8%	+35.2%	-52.9%	+226.3%
Operating Revenue	20.84M	17.86M	16.65M	20.10M	15.63M
Other Revenue	25.08M	15.23M	9.44M	-0.80M	25.33M
Gain (Loss) on Sale of Assets	—	0.07M	1.21M	0.22M	1.25M
Gain (Loss) on Sale of Investments	10.62K	35.24K	—	217.62K	575.10K
Currency Exchange Gain (Loss)	-2.34M	0.77M	-0.27M	-0.60M	-0.06M
Expenses & Provisions
Cost of Revenue	-1.53M	0.09M	-1.23M	1.89M	-0.93M
Selling, General & Admin	16.81M	15.12M	13.50M	11.59M	13.16M
Operating Expenses	17.30M	15.51M	13.68M	11.68M	14.23M
Other Operating Expenses	492.30K	391.72K	179.20K	81.38K	738.80K
Interest Expense	-4.30M	-3.77M	-4.74M	-2.66M	-1.70M
Other Non Operating Income (Expenses)	-180.71K	-116.08K	-42.46K	—	-247.49K
Asset Writedown	0.61M	1.54M	0.57M	0.64M	1.61M
D&A For EBITDA	7.16M	6.53M	6.48M	5.55M	5.37M
Profitability & Returns
Gross Profit	47.46M	33.00M	27.32M	17.40M	41.89M
Gross Margin	+103.3%	+99.7%	+104.7%	+90.2%	+102.3%
EBIT	30.16M	17.49M	13.64M	5.73M	27.66M
EBIT Margin	+65.7%	+52.9%	+52.3%	+29.7%	+67.5%
EBITDA	37.32M	24.02M	20.12M	11.27M	33.03M
EBITDA Margin	+81.3%	+72.6%	+77.1%	+58.4%	+80.6%
EBT Excluding Unusual Items	23.34M	14.38M	8.59M	2.46M	25.66M
Pretax Income	23.95M	16.02M	10.37M	3.54M	29.09M
Operating Income	30.16M	17.49M	13.64M	5.73M	27.66M
Operating Margin	+65.7%	+52.9%	+52.3%	+29.7%	+67.5%
Profit Margin	+42.9%	+38.0%	+26.9%	+3.1%	+65.4%
Net Income	19.71M	12.57M	7.03M	0.60M	26.78M
Net Income to Common	19.71M	12.57M	7.03M	0.60M	26.78M
Net Income to Company	23.79M	15.91M	10.34M	3.54M	28.84M
Net Income Growth	+56.8%	+78.9%	+1,067.8%	-97.8%	—
Earnings From Continuing Ops.	23.79M	15.91M	10.34M	3.54M	28.84M
Minority Interest in Earnings	-4.08M	-3.34M	-3.32M	-2.94M	-2.06M
Income Tax Expense	158.93K	109.31K	32.64K	—	251.03K
Effective Tax Rate	+0.7%	+0.7%	+0.3%	—	+0.9%
Per Share & Capital
EPS (Basic)	0.04	0.02	0.01	0.00	0.05
EPS (Diluted)	0.04	0.02	0.01	0.00	0.05
EPS Growth	+56.5%	+70.7%	+1,120.3%	-97.8%	—
Dividend Per Share	0.02	0.01	0.01	0.01	0.03
Shares Change (YoY)	0	0.05	-0.04	-0	—
Shares Outstanding (Basic)	550.75M	549.50M	524.34M	547.63M	547.99M
Shares Outstanding (Diluted)	550.75M	549.50M	524.34M	547.63M	547.99M
Dividend Growth	+38.5%	+30.0%	+100.0%	-80.0%	—
Free Cash Flow	-21.37M	4.91M	38.54M	9.81M	12.42M
Free Cash Flow Margin	-46.5%	+14.8%	+147.7%	+50.9%	+30.3%
Free Cash Flow Per Share	-0.04	0.01	0.07	0.02	0.02
Payout Ratio	+36.3%	+43.7%	+37.6%	+2,266.0%	+0.1%

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	45.93M	33.09M	26.09M	19.30M	40.96M
Cost of Revenue	-1.53M	0.09M	-1.23M	1.89M	-0.93M
Gross Profit	47.46M	33.00M	27.32M	17.40M	41.89M
SG&A	16.81M	15.12M	13.50M	11.59M	13.16M
Operating Expenses	17.30M	15.51M	13.68M	11.68M	14.23M
Operating Income	30.16M	17.49M	13.64M	5.73M	27.66M
Interest Expense	-4.30M	-3.77M	-4.74M	-2.66M	-1.70M
Other Income/Expense	-180.71K	-116.08K	-42.46K	—	-247.49K
Pretax Income	23.95M	16.02M	10.37M	3.54M	29.09M
Income Tax	158.93K	109.31K	32.64K	—	251.03K
Net Income	19.71M	12.57M	7.03M	0.60M	26.78M
EBITDA	37.32M	24.02M	20.12M	11.27M	33.03M
EBIT	30.16M	17.49M	13.64M	5.73M	27.66M
EPS (Basic)	0.04	0.02	0.01	0.00	0.05
EPS (Diluted)	0.04	0.02	0.01	0.00	0.05
DPS	0.02	0.01	0.01	0.01	0.03
Margins & Efficiency
Gross Margin %	+103.3%	+99.7%	+104.7%	+90.2%	+102.3%
EBITDA Margin %	+81.3%	+72.6%	+77.1%	+58.4%	+80.6%
Net Margin %	+42.9%	+38.0%	+26.9%	+3.1%	+65.4%
Revenue & Income
Revenue	45.93M	33.09M	26.09M	19.30M	40.96M
Revenue as Reported	—	—	—	20.38M	43.82M
Revenue Growth (YoY)	+38.8%	+26.8%	+35.2%	-52.9%	+226.3%
Operating Revenue	20.84M	17.86M	16.65M	20.10M	15.63M
Other Revenue	25.08M	15.23M	9.44M	-0.80M	25.33M
Gain (Loss) on Sale of Assets	—	0.07M	1.21M	0.22M	1.25M
Gain (Loss) on Sale of Investments	10.62K	35.24K	—	217.62K	575.10K
Currency Exchange Gain (Loss)	-2.34M	0.77M	-0.27M	-0.60M	-0.06M
Expenses & Provisions
Cost of Revenue	-1.53M	0.09M	-1.23M	1.89M	-0.93M
Selling, General & Admin	16.81M	15.12M	13.50M	11.59M	13.16M
Operating Expenses	17.30M	15.51M	13.68M	11.68M	14.23M
Other Operating Expenses	492.30K	391.72K	179.20K	81.38K	738.80K
Interest Expense	-4.30M	-3.77M	-4.74M	-2.66M	-1.70M
Other Non Operating Income (Expenses)	-180.71K	-116.08K	-42.46K	—	-247.49K
Asset Writedown	0.61M	1.54M	0.57M	0.64M	1.61M
D&A For EBITDA	7.16M	6.53M	6.48M	5.55M	5.37M
Profitability & Returns
Gross Profit	47.46M	33.00M	27.32M	17.40M	41.89M
Gross Margin	+103.3%	+99.7%	+104.7%	+90.2%	+102.3%
EBIT	30.16M	17.49M	13.64M	5.73M	27.66M
EBIT Margin	+65.7%	+52.9%	+52.3%	+29.7%	+67.5%
EBITDA	37.32M	24.02M	20.12M	11.27M	33.03M
EBITDA Margin	+81.3%	+72.6%	+77.1%	+58.4%	+80.6%
EBT Excluding Unusual Items	23.34M	14.38M	8.59M	2.46M	25.66M
Pretax Income	23.95M	16.02M	10.37M	3.54M	29.09M
Operating Income	30.16M	17.49M	13.64M	5.73M	27.66M
Operating Margin	+65.7%	+52.9%	+52.3%	+29.7%	+67.5%
Profit Margin	+42.9%	+38.0%	+26.9%	+3.1%	+65.4%
Net Income	19.71M	12.57M	7.03M	0.60M	26.78M
Net Income to Common	19.71M	12.57M	7.03M	0.60M	26.78M
Net Income to Company	23.79M	15.91M	10.34M	3.54M	28.84M
Net Income Growth	+56.8%	+78.9%	+1,067.8%	-97.8%	—
Earnings From Continuing Ops.	23.79M	15.91M	10.34M	3.54M	28.84M
Minority Interest in Earnings	-4.08M	-3.34M	-3.32M	-2.94M	-2.06M
Income Tax Expense	158.93K	109.31K	32.64K	—	251.03K
Effective Tax Rate	+0.7%	+0.7%	+0.3%	—	+0.9%
Per Share & Capital
EPS (Basic)	0.04	0.02	0.01	0.00	0.05
EPS (Diluted)	0.04	0.02	0.01	0.00	0.05
EPS Growth	+56.5%	+70.7%	+1,120.3%	-97.8%	—
Dividend Per Share	0.02	0.01	0.01	0.01	0.03
Shares Change (YoY)	0	0.05	-0.04	-0	—
Shares Outstanding (Basic)	550.75M	549.50M	524.34M	547.63M	547.99M
Shares Outstanding (Diluted)	550.75M	549.50M	524.34M	547.63M	547.99M
Dividend Growth	+38.5%	+30.0%	+100.0%	-80.0%	—
Free Cash Flow	-21.37M	4.91M	38.54M	9.81M	12.42M
Free Cash Flow Margin	-46.5%	+14.8%	+147.7%	+50.9%	+30.3%
Free Cash Flow Per Share	-0.04	0.01	0.07	0.02	0.02
Payout Ratio	+36.3%	+43.7%	+37.6%	+2,266.0%	+0.1%