KUWAIT PROJECTS COMPANY (HOLDING)

Kuwait Projects Company Holding (K.S.C.P.)

KPROJStocksBoursa KuwaitBanks

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	871.32M	801.77M	451.54M	444.34M	434.59M
Interest Income	744.77M	574.42M	385.24M	306.56M	328.40M
Interest Expense	593.10M	442.59M	274.05M	210.12M	229.15M
Pretax Income	104.80M	17.52M	29.90M	28.98M	3.09M
Income Tax	34.41M	35.60M	31.06M	9.36M	3.08M
Net Income	8.36M	23.21M	18.41M	11.62M	-4.64M
Net Interest Income	151.67M	131.83M	111.19M	96.44M	99.25M
Non-Interest Income	754.86M	711.97M	374.54M	422.07M	400.73M
Non-Interest Expense	762.63M	782.79M	706.72M	408.20M	380.13M
Loan Loss Provisions	35.21M	42.02M	34.19M	74.17M	65.39M
EPS (Basic)	0.00	0.01	0.01	0.01	-0.00
EPS (Diluted)	0.00	0.01	0.01	0.01	-0.00
DPS	—	—	—	0.01	0.01
Margins & Efficiency
Net Margin %	+1.0%	+2.9%	+4.1%	+2.6%	-1.1%
Revenue & Income
Revenue	871.32M	801.77M	451.54M	444.34M	434.59M
Revenue	871.32M	801.77M	451.54M	444.34M	434.59M
Revenue Growth (YoY)	+8.7%	+77.6%	+1.6%	+2.2%	+16.3%
Revenues Before Loan Losses	906.53M	843.80M	485.73M	518.51M	499.98M
Interest Income on Loans	744.77M	574.42M	385.24M	306.56M	328.40M
Net Interest Income	151.67M	131.83M	111.19M	96.44M	99.25M
Net Interest Income Growth (YoY)	+15.0%	+18.6%	+15.3%	-2.8%	-16.7%
Non-Interest Income Growth (YoY)	+6.0%	+90.1%	-11.3%	+5.3%	+43.3%
Total Non-Interest Income	754.86M	711.97M	374.54M	422.07M	400.73M
Other Non-Interest Income	739.32M	687.43M	362.89M	311.59M	305.61M
Gain (Loss) on Sale of Assets	-1.85M	6.25M	0.06M	26.45M	-0.02M
Gain (Loss) on Sale of Equity Investments	8.87M	10.95M	16.86M	42.98M	11.67M
Gain (Loss) on Sale of Investments	8.52M	7.34M	-5.27M	41.05M	83.47M
Expenses & Provisions
Selling, General & Administrative	263.18M	227.73M	213.27M	177.74M	161.14M
Interest Paid on Deposits	593.10M	442.59M	274.05M	210.12M	229.15M
Total Non-Interest Expense	762.63M	782.79M	706.72M	408.20M	380.13M
Other Non-Interest Expense	458.13M	511.65M	460.35M	202.13M	191.08M
Provision for Loan Losses	35.21M	42.02M	34.19M	74.17M	65.39M
Occupancy Expenses	41.31M	43.41M	33.10M	28.33M	27.91M
Asset Writedown	-3.89M	-1.46M	-22.17M	-7.17M	-10.70M
Profitability & Returns
EBT Excluding Unusual Items	108.69M	18.98M	-255.18M	36.15M	54.46M
Pretax Income	104.80M	17.52M	29.90M	28.98M	3.09M
Profit Margin	+1.0%	+2.9%	+4.1%	+2.6%	-1.1%
Net Income	15.65M	30.03M	25.26M	17.46M	1.14M
Net Income to Common	8.36M	23.21M	18.41M	11.62M	-4.64M
Net Income Growth	-47.9%	+18.9%	+44.7%	+1,437.9%	—
Earnings From Continuing Ops.	70.39M	-18.09M	-1.15M	19.62M	0.01M
Earnings From Discontinued Ops.	—	84.57M	17.85M	2.00M	2.54M
Minority Interest in Earnings	-54.74M	-36.46M	8.57M	-4.17M	-1.42M
Income Tax Expense	34.41M	35.60M	31.06M	9.36M	3.08M
Effective Tax Rate	+32.8%	+203.2%	+103.9%	+32.3%	+99.6%
Per Share & Capital
EPS (Basic)	0.00	0.01	0.01	0.01	-0.00
EPS (Diluted)	0.00	0.01	0.01	0.01	-0.00
EPS Growth	-64.0%	-26.3%	+15.1%	—	—
Dividend Per Share	—	—	—	0.01	0.01
Shares Change (YoY)	0	0.71	0.38	0.07	0.13
Shares Outstanding (Basic)	4.55B	4.55B	2.66B	1.93B	1.81B
Shares Outstanding (Diluted)	4.55B	4.55B	2.66B	1.93B	1.81B
Dividend Growth	—	—	—	—	-50.0%
Payout Ratio	+0.1%	+1.0%	+48.2%	+51.8%	+1,582.6%
Preferred Dividends & Other Adjustments	7.29M	6.82M	6.85M	5.84M	5.78M
Supplemental
Other Unusual Items	—	—	307.26M	—	—

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	871.32M	801.77M	451.54M	444.34M	434.59M
Interest Income	744.77M	574.42M	385.24M	306.56M	328.40M
Interest Expense	593.10M	442.59M	274.05M	210.12M	229.15M
Pretax Income	104.80M	17.52M	29.90M	28.98M	3.09M
Income Tax	34.41M	35.60M	31.06M	9.36M	3.08M
Net Income	8.36M	23.21M	18.41M	11.62M	-4.64M
Net Interest Income	151.67M	131.83M	111.19M	96.44M	99.25M
Non-Interest Income	754.86M	711.97M	374.54M	422.07M	400.73M
Non-Interest Expense	762.63M	782.79M	706.72M	408.20M	380.13M
Loan Loss Provisions	35.21M	42.02M	34.19M	74.17M	65.39M
EPS (Basic)	0.00	0.01	0.01	0.01	-0.00
EPS (Diluted)	0.00	0.01	0.01	0.01	-0.00
DPS	—	—	—	0.01	0.01
Margins & Efficiency
Net Margin %	+1.0%	+2.9%	+4.1%	+2.6%	-1.1%
Revenue & Income
Revenue	871.32M	801.77M	451.54M	444.34M	434.59M
Revenue	871.32M	801.77M	451.54M	444.34M	434.59M
Revenue Growth (YoY)	+8.7%	+77.6%	+1.6%	+2.2%	+16.3%
Revenues Before Loan Losses	906.53M	843.80M	485.73M	518.51M	499.98M
Interest Income on Loans	744.77M	574.42M	385.24M	306.56M	328.40M
Net Interest Income	151.67M	131.83M	111.19M	96.44M	99.25M
Net Interest Income Growth (YoY)	+15.0%	+18.6%	+15.3%	-2.8%	-16.7%
Non-Interest Income Growth (YoY)	+6.0%	+90.1%	-11.3%	+5.3%	+43.3%
Total Non-Interest Income	754.86M	711.97M	374.54M	422.07M	400.73M
Other Non-Interest Income	739.32M	687.43M	362.89M	311.59M	305.61M
Gain (Loss) on Sale of Assets	-1.85M	6.25M	0.06M	26.45M	-0.02M
Gain (Loss) on Sale of Equity Investments	8.87M	10.95M	16.86M	42.98M	11.67M
Gain (Loss) on Sale of Investments	8.52M	7.34M	-5.27M	41.05M	83.47M
Expenses & Provisions
Selling, General & Administrative	263.18M	227.73M	213.27M	177.74M	161.14M
Interest Paid on Deposits	593.10M	442.59M	274.05M	210.12M	229.15M
Total Non-Interest Expense	762.63M	782.79M	706.72M	408.20M	380.13M
Other Non-Interest Expense	458.13M	511.65M	460.35M	202.13M	191.08M
Provision for Loan Losses	35.21M	42.02M	34.19M	74.17M	65.39M
Occupancy Expenses	41.31M	43.41M	33.10M	28.33M	27.91M
Asset Writedown	-3.89M	-1.46M	-22.17M	-7.17M	-10.70M
Profitability & Returns
EBT Excluding Unusual Items	108.69M	18.98M	-255.18M	36.15M	54.46M
Pretax Income	104.80M	17.52M	29.90M	28.98M	3.09M
Profit Margin	+1.0%	+2.9%	+4.1%	+2.6%	-1.1%
Net Income	15.65M	30.03M	25.26M	17.46M	1.14M
Net Income to Common	8.36M	23.21M	18.41M	11.62M	-4.64M
Net Income Growth	-47.9%	+18.9%	+44.7%	+1,437.9%	—
Earnings From Continuing Ops.	70.39M	-18.09M	-1.15M	19.62M	0.01M
Earnings From Discontinued Ops.	—	84.57M	17.85M	2.00M	2.54M
Minority Interest in Earnings	-54.74M	-36.46M	8.57M	-4.17M	-1.42M
Income Tax Expense	34.41M	35.60M	31.06M	9.36M	3.08M
Effective Tax Rate	+32.8%	+203.2%	+103.9%	+32.3%	+99.6%
Per Share & Capital
EPS (Basic)	0.00	0.01	0.01	0.01	-0.00
EPS (Diluted)	0.00	0.01	0.01	0.01	-0.00
EPS Growth	-64.0%	-26.3%	+15.1%	—	—
Dividend Per Share	—	—	—	0.01	0.01
Shares Change (YoY)	0	0.71	0.38	0.07	0.13
Shares Outstanding (Basic)	4.55B	4.55B	2.66B	1.93B	1.81B
Shares Outstanding (Diluted)	4.55B	4.55B	2.66B	1.93B	1.81B
Dividend Growth	—	—	—	—	-50.0%
Payout Ratio	+0.1%	+1.0%	+48.2%	+51.8%	+1,582.6%
Preferred Dividends & Other Adjustments	7.29M	6.82M	6.85M	5.84M	5.78M
Supplemental
Other Unusual Items	—	—	307.26M	—	—