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	27.24M	20.66M	13.35M	17.96M	30.93M
Gross Profit	27.24M	20.66M	13.35M	17.96M	30.93M
SG&A	13.54M	12.00M	12.94M	11.33M	11.61M
Operating Expenses	13.83M	12.14M	13.07M	11.43M	12.01M
Operating Income	13.41M	8.52M	0.28M	6.53M	18.93M
Interest Expense	-3.23M	-2.65M	-3.52M	-2.82M	-2.66M
Other Income/Expense	-790.00K	-714.00K	-882.00K	-273.00K	-808.00K
Pretax Income	10.73M	4.70M	9.02M	4.72M	16.89M
Income Tax	114.00K	56.00K	53.00K	40.00K	161.00K
Net Income	10.82M	4.46M	4.15M	2.86M	14.99M
EBITDA	14.30M	9.31M	1.72M	8.34M	20.85M
EBIT	13.41M	8.52M	0.28M	6.53M	18.93M
EPS (Basic)	0.02	0.01	0.01	0.01	0.03
EPS (Diluted)	0.02	0.01	0.01	0.01	0.03
DPS	0.01	0.01	0.01	0.01	0.01
Margins & Efficiency
Gross Margin %	+100.0%	+100.0%	+100.0%	+100.0%	+100.0%
EBITDA Margin %	+52.5%	+45.0%	+12.8%	+46.4%	+67.4%
Net Margin %	+39.7%	+21.6%	+31.1%	+15.9%	+48.5%
Revenue & Income
Revenue	27.24M	20.66M	13.35M	17.96M	30.93M
Revenue as Reported	28.59M	20.31M	26.32M	18.80M	30.64M
Revenue Growth (YoY)	+31.8%	+54.8%	-25.7%	-41.9%	+179.8%
Operating Revenue	11.63M	10.42M	10.21M	14.91M	13.29M
Other Revenue	15.61M	10.25M	3.15M	3.05M	17.64M
Gain (Loss) on Sale of Assets	0.95M	0.43M	12.75M	1.25M	0.47M
Gain (Loss) on Sale of Investments	—	—	-106.00K	—	—
Currency Exchange Gain (Loss)	402.00K	-788.00K	232.00K	-421.00K	-768.00K
Expenses & Provisions
Selling, General & Admin	13.54M	12.00M	12.94M	11.33M	11.61M
Operating Expenses	13.83M	12.14M	13.07M	11.43M	12.01M
Other Operating Expenses	285.00K	141.00K	134.00K	98.00K	402.00K
Interest Expense	-3.23M	-2.65M	-3.52M	-2.82M	-2.66M
Other Non Operating Income (Expenses)	-790.00K	-714.00K	-882.00K	-273.00K	-808.00K
Asset Writedown	-0.01M	-0.10M	0.27M	0.44M	1.72M
D&A For EBITDA	0.89M	0.79M	1.44M	1.81M	1.92M
Profitability & Returns
Gross Profit	27.24M	20.66M	13.35M	17.96M	30.93M
Gross Margin	+100.0%	+100.0%	+100.0%	+100.0%	+100.0%
EBIT	13.41M	8.52M	0.28M	6.53M	18.93M
EBIT Margin	+49.2%	+41.2%	+2.1%	+36.4%	+61.2%
EBITDA	14.30M	9.31M	1.72M	8.34M	20.85M
EBITDA Margin	+52.5%	+45.0%	+12.8%	+46.4%	+67.4%
EBT Excluding Unusual Items	9.79M	4.37M	-3.89M	3.02M	14.70M
Pretax Income	10.73M	4.70M	9.02M	4.72M	16.89M
Operating Income	13.41M	8.52M	0.28M	6.53M	18.93M
Operating Margin	+49.2%	+41.2%	+2.1%	+36.4%	+61.2%
Profit Margin	+39.7%	+21.6%	+31.1%	+15.9%	+48.5%
Net Income	10.82M	4.46M	4.15M	2.86M	14.99M
Net Income to Common	10.82M	4.46M	4.15M	2.86M	14.99M
Net Income Growth	+142.8%	+7.5%	+44.9%	-80.9%	—
Earnings From Continuing Ops.	10.62M	4.64M	8.97M	4.68M	16.73M
Minority Interest in Earnings	0.20M	-0.19M	-4.82M	-1.82M	-1.74M
Income Tax Expense	114.00K	56.00K	53.00K	40.00K	161.00K
Effective Tax Rate	+1.1%	+1.2%	+0.6%	+0.8%	+1.0%
Per Share & Capital
EPS (Basic)	0.02	0.01	0.01	0.01	0.03
EPS (Diluted)	0.02	0.01	0.01	0.01	0.03
EPS Growth	+145.8%	+8.8%	+45.2%	-80.9%	—
Dividend Per Share	0.01	0.01	0.01	0.01	0.01
Shares Change (YoY)	-0.01	-0.01	-0	-0	—
Shares Outstanding (Basic)	488.73M	494.65M	500.95M	501.93M	502.11M
Shares Outstanding (Diluted)	488.73M	494.65M	500.95M	501.93M	502.11M
Dividend Growth	+14.3%	+16.7%	+20.0%	-47.4%	—
Free Cash Flow	-1.61M	-4.20M	-2.23M	-1.28M	0.56M
Free Cash Flow Margin	-5.9%	-20.3%	-16.7%	-7.1%	+1.8%
Free Cash Flow Per Share	-0.00	-0.01	-0.00	-0.00	0.00
Payout Ratio	+31.8%	+66.8%	+60.8%	+165.9%	+0.3%

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	27.24M	20.66M	13.35M	17.96M	30.93M
Gross Profit	27.24M	20.66M	13.35M	17.96M	30.93M
SG&A	13.54M	12.00M	12.94M	11.33M	11.61M
Operating Expenses	13.83M	12.14M	13.07M	11.43M	12.01M
Operating Income	13.41M	8.52M	0.28M	6.53M	18.93M
Interest Expense	-3.23M	-2.65M	-3.52M	-2.82M	-2.66M
Other Income/Expense	-790.00K	-714.00K	-882.00K	-273.00K	-808.00K
Pretax Income	10.73M	4.70M	9.02M	4.72M	16.89M
Income Tax	114.00K	56.00K	53.00K	40.00K	161.00K
Net Income	10.82M	4.46M	4.15M	2.86M	14.99M
EBITDA	14.30M	9.31M	1.72M	8.34M	20.85M
EBIT	13.41M	8.52M	0.28M	6.53M	18.93M
EPS (Basic)	0.02	0.01	0.01	0.01	0.03
EPS (Diluted)	0.02	0.01	0.01	0.01	0.03
DPS	0.01	0.01	0.01	0.01	0.01
Margins & Efficiency
Gross Margin %	+100.0%	+100.0%	+100.0%	+100.0%	+100.0%
EBITDA Margin %	+52.5%	+45.0%	+12.8%	+46.4%	+67.4%
Net Margin %	+39.7%	+21.6%	+31.1%	+15.9%	+48.5%
Revenue & Income
Revenue	27.24M	20.66M	13.35M	17.96M	30.93M
Revenue as Reported	28.59M	20.31M	26.32M	18.80M	30.64M
Revenue Growth (YoY)	+31.8%	+54.8%	-25.7%	-41.9%	+179.8%
Operating Revenue	11.63M	10.42M	10.21M	14.91M	13.29M
Other Revenue	15.61M	10.25M	3.15M	3.05M	17.64M
Gain (Loss) on Sale of Assets	0.95M	0.43M	12.75M	1.25M	0.47M
Gain (Loss) on Sale of Investments	—	—	-106.00K	—	—
Currency Exchange Gain (Loss)	402.00K	-788.00K	232.00K	-421.00K	-768.00K
Expenses & Provisions
Selling, General & Admin	13.54M	12.00M	12.94M	11.33M	11.61M
Operating Expenses	13.83M	12.14M	13.07M	11.43M	12.01M
Other Operating Expenses	285.00K	141.00K	134.00K	98.00K	402.00K
Interest Expense	-3.23M	-2.65M	-3.52M	-2.82M	-2.66M
Other Non Operating Income (Expenses)	-790.00K	-714.00K	-882.00K	-273.00K	-808.00K
Asset Writedown	-0.01M	-0.10M	0.27M	0.44M	1.72M
D&A For EBITDA	0.89M	0.79M	1.44M	1.81M	1.92M
Profitability & Returns
Gross Profit	27.24M	20.66M	13.35M	17.96M	30.93M
Gross Margin	+100.0%	+100.0%	+100.0%	+100.0%	+100.0%
EBIT	13.41M	8.52M	0.28M	6.53M	18.93M
EBIT Margin	+49.2%	+41.2%	+2.1%	+36.4%	+61.2%
EBITDA	14.30M	9.31M	1.72M	8.34M	20.85M
EBITDA Margin	+52.5%	+45.0%	+12.8%	+46.4%	+67.4%
EBT Excluding Unusual Items	9.79M	4.37M	-3.89M	3.02M	14.70M
Pretax Income	10.73M	4.70M	9.02M	4.72M	16.89M
Operating Income	13.41M	8.52M	0.28M	6.53M	18.93M
Operating Margin	+49.2%	+41.2%	+2.1%	+36.4%	+61.2%
Profit Margin	+39.7%	+21.6%	+31.1%	+15.9%	+48.5%
Net Income	10.82M	4.46M	4.15M	2.86M	14.99M
Net Income to Common	10.82M	4.46M	4.15M	2.86M	14.99M
Net Income Growth	+142.8%	+7.5%	+44.9%	-80.9%	—
Earnings From Continuing Ops.	10.62M	4.64M	8.97M	4.68M	16.73M
Minority Interest in Earnings	0.20M	-0.19M	-4.82M	-1.82M	-1.74M
Income Tax Expense	114.00K	56.00K	53.00K	40.00K	161.00K
Effective Tax Rate	+1.1%	+1.2%	+0.6%	+0.8%	+1.0%
Per Share & Capital
EPS (Basic)	0.02	0.01	0.01	0.01	0.03
EPS (Diluted)	0.02	0.01	0.01	0.01	0.03
EPS Growth	+145.8%	+8.8%	+45.2%	-80.9%	—
Dividend Per Share	0.01	0.01	0.01	0.01	0.01
Shares Change (YoY)	-0.01	-0.01	-0	-0	—
Shares Outstanding (Basic)	488.73M	494.65M	500.95M	501.93M	502.11M
Shares Outstanding (Diluted)	488.73M	494.65M	500.95M	501.93M	502.11M
Dividend Growth	+14.3%	+16.7%	+20.0%	-47.4%	—
Free Cash Flow	-1.61M	-4.20M	-2.23M	-1.28M	0.56M
Free Cash Flow Margin	-5.9%	-20.3%	-16.7%	-7.1%	+1.8%
Free Cash Flow Per Share	-0.00	-0.01	-0.00	-0.00	0.00
Payout Ratio	+31.8%	+66.8%	+60.8%	+165.9%	+0.3%

Financials

Annual (KWD)

Kuwait Financial Centre

Annual (KWD)