National Investments Company

National Investments Co. KSC Closed

NINVStocksBoursa KuwaitDiversified Financials

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	46.18M	30.52M	13.33M	18.50M	39.55M
Cost of Revenue	2.00K	1.00K	6.00K	12.00K	—
Gross Profit	46.18M	30.52M	13.33M	18.49M	39.55M
SG&A	14.65M	12.83M	8.46M	9.14M	9.54M
Operating Expenses	15.04M	13.17M	8.79M	9.48M	9.94M
Operating Income	31.14M	17.35M	4.54M	9.01M	29.61M
Interest Expense	-3.56M	-2.76M	-1.83M	-1.19M	-0.67M
Pretax Income	26.80M	14.69M	4.51M	9.47M	28.49M
Income Tax	0.97M	0.85M	0.02M	0.30M	1.22M
Net Income	24.04M	12.13M	4.14M	8.74M	24.39M
EBITDA	31.46M	17.63M	4.78M	9.26M	29.91M
EBIT	31.14M	17.35M	4.54M	9.01M	29.61M
EPS (Basic)	0.03	0.02	0.01	0.01	0.03
EPS (Diluted)	0.03	0.02	0.01	0.01	0.03
DPS	0.03	0.02	0.02	0.03	0.05
Margins & Efficiency
Gross Margin %	+100.0%	+100.0%	+100.0%	+99.9%	+100.0%
EBITDA Margin %	+68.1%	+57.8%	+35.9%	+50.0%	+75.6%
Net Margin %	+52.0%	+39.7%	+31.0%	+47.2%	+61.7%
Revenue & Income
Revenue	46.18M	30.52M	13.33M	18.50M	39.55M
Revenue as Reported	46.84M	31.30M	13.80M	19.93M	39.78M
Revenue Growth (YoY)	+51.3%	+128.9%	-28.0%	-53.2%	+311.8%
Operating Revenue	15.28M	11.49M	10.47M	12.16M	10.85M
Other Revenue	30.90M	19.03M	2.86M	6.35M	28.70M
Gain (Loss) on Sale of Assets	232.00K	75.00K	—	166.00K	140.00K
Currency Exchange Gain (Loss)	48.00K	272.00K	440.00K	506.00K	175.00K
Expenses & Provisions
Cost of Revenue	2.00K	1.00K	6.00K	12.00K	—
Selling, General & Admin	14.65M	12.83M	8.46M	9.14M	9.54M
Operating Expenses	15.04M	13.17M	8.79M	9.48M	9.94M
Interest Expense	-3.56M	-2.76M	-1.83M	-1.19M	-0.67M
Legal Settlements	-0.35M	-0.76M	1.32M	—	-0.25M
Asset Writedown	-710.00K	510.00K	44.00K	982.00K	-515.00K
D&A For EBITDA	311.00K	286.00K	245.00K	248.00K	298.00K
Profitability & Returns
Gross Profit	46.18M	30.52M	13.33M	18.49M	39.55M
Gross Margin	+100.0%	+100.0%	+100.0%	+99.9%	+100.0%
EBIT	31.14M	17.35M	4.54M	9.01M	29.61M
EBIT Margin	+67.4%	+56.8%	+34.0%	+48.7%	+74.9%
EBITDA	31.46M	17.63M	4.78M	9.26M	29.91M
EBITDA Margin	+68.1%	+57.8%	+35.9%	+50.0%	+75.6%
EBT Excluding Unusual Items	27.63M	14.86M	3.14M	8.32M	29.11M
Pretax Income	26.80M	14.69M	4.51M	9.47M	28.49M
Operating Income	31.14M	17.35M	4.54M	9.01M	29.61M
Operating Margin	+67.4%	+56.8%	+34.0%	+48.7%	+74.9%
Profit Margin	+52.0%	+39.7%	+31.0%	+47.2%	+61.7%
Net Income	24.04M	12.13M	4.14M	8.74M	24.39M
Net Income to Common	24.04M	12.13M	4.14M	8.74M	24.39M
Net Income Growth	+98.2%	+192.9%	-52.6%	-64.2%	—
Earnings From Continuing Ops.	25.84M	13.84M	4.49M	9.17M	27.27M
Minority Interest in Earnings	-1.80M	-1.71M	-0.35M	-0.43M	-2.88M
Income Tax Expense	0.97M	0.85M	0.02M	0.30M	1.22M
Effective Tax Rate	+3.6%	+5.8%	+0.4%	+3.2%	+4.3%
Per Share & Capital
EPS (Basic)	0.03	0.02	0.01	0.01	0.03
EPS (Diluted)	0.03	0.02	0.01	0.01	0.03
EPS Growth	+98.2%	+192.9%	-52.6%	-64.3%	—
Dividend Per Share	0.03	0.02	0.02	0.03	0.05
Shares Change (YoY)	0	—	-0	0	-0
Shares Outstanding (Basic)	797.02M	797.02M	797.02M	797.40M	794.86M
Shares Outstanding (Diluted)	797.02M	797.02M	797.02M	797.40M	794.86M
Dividend Growth	+13.6%	+46.7%	-46.4%	-37.8%	+309.1%
Free Cash Flow	-8.10M	-2.24M	-7.89M	16.34M	8.70M
Free Cash Flow Margin	-17.5%	-7.4%	-59.2%	+88.3%	+22.0%
Free Cash Flow Per Share	-0.01	-0.00	-0.01	0.02	0.01
Payout Ratio	+72.4%	+98.3%	+592.3%	+393.5%	+34.3%

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	46.18M	30.52M	13.33M	18.50M	39.55M
Cost of Revenue	2.00K	1.00K	6.00K	12.00K	—
Gross Profit	46.18M	30.52M	13.33M	18.49M	39.55M
SG&A	14.65M	12.83M	8.46M	9.14M	9.54M
Operating Expenses	15.04M	13.17M	8.79M	9.48M	9.94M
Operating Income	31.14M	17.35M	4.54M	9.01M	29.61M
Interest Expense	-3.56M	-2.76M	-1.83M	-1.19M	-0.67M
Pretax Income	26.80M	14.69M	4.51M	9.47M	28.49M
Income Tax	0.97M	0.85M	0.02M	0.30M	1.22M
Net Income	24.04M	12.13M	4.14M	8.74M	24.39M
EBITDA	31.46M	17.63M	4.78M	9.26M	29.91M
EBIT	31.14M	17.35M	4.54M	9.01M	29.61M
EPS (Basic)	0.03	0.02	0.01	0.01	0.03
EPS (Diluted)	0.03	0.02	0.01	0.01	0.03
DPS	0.03	0.02	0.02	0.03	0.05
Margins & Efficiency
Gross Margin %	+100.0%	+100.0%	+100.0%	+99.9%	+100.0%
EBITDA Margin %	+68.1%	+57.8%	+35.9%	+50.0%	+75.6%
Net Margin %	+52.0%	+39.7%	+31.0%	+47.2%	+61.7%
Revenue & Income
Revenue	46.18M	30.52M	13.33M	18.50M	39.55M
Revenue as Reported	46.84M	31.30M	13.80M	19.93M	39.78M
Revenue Growth (YoY)	+51.3%	+128.9%	-28.0%	-53.2%	+311.8%
Operating Revenue	15.28M	11.49M	10.47M	12.16M	10.85M
Other Revenue	30.90M	19.03M	2.86M	6.35M	28.70M
Gain (Loss) on Sale of Assets	232.00K	75.00K	—	166.00K	140.00K
Currency Exchange Gain (Loss)	48.00K	272.00K	440.00K	506.00K	175.00K
Expenses & Provisions
Cost of Revenue	2.00K	1.00K	6.00K	12.00K	—
Selling, General & Admin	14.65M	12.83M	8.46M	9.14M	9.54M
Operating Expenses	15.04M	13.17M	8.79M	9.48M	9.94M
Interest Expense	-3.56M	-2.76M	-1.83M	-1.19M	-0.67M
Legal Settlements	-0.35M	-0.76M	1.32M	—	-0.25M
Asset Writedown	-710.00K	510.00K	44.00K	982.00K	-515.00K
D&A For EBITDA	311.00K	286.00K	245.00K	248.00K	298.00K
Profitability & Returns
Gross Profit	46.18M	30.52M	13.33M	18.49M	39.55M
Gross Margin	+100.0%	+100.0%	+100.0%	+99.9%	+100.0%
EBIT	31.14M	17.35M	4.54M	9.01M	29.61M
EBIT Margin	+67.4%	+56.8%	+34.0%	+48.7%	+74.9%
EBITDA	31.46M	17.63M	4.78M	9.26M	29.91M
EBITDA Margin	+68.1%	+57.8%	+35.9%	+50.0%	+75.6%
EBT Excluding Unusual Items	27.63M	14.86M	3.14M	8.32M	29.11M
Pretax Income	26.80M	14.69M	4.51M	9.47M	28.49M
Operating Income	31.14M	17.35M	4.54M	9.01M	29.61M
Operating Margin	+67.4%	+56.8%	+34.0%	+48.7%	+74.9%
Profit Margin	+52.0%	+39.7%	+31.0%	+47.2%	+61.7%
Net Income	24.04M	12.13M	4.14M	8.74M	24.39M
Net Income to Common	24.04M	12.13M	4.14M	8.74M	24.39M
Net Income Growth	+98.2%	+192.9%	-52.6%	-64.2%	—
Earnings From Continuing Ops.	25.84M	13.84M	4.49M	9.17M	27.27M
Minority Interest in Earnings	-1.80M	-1.71M	-0.35M	-0.43M	-2.88M
Income Tax Expense	0.97M	0.85M	0.02M	0.30M	1.22M
Effective Tax Rate	+3.6%	+5.8%	+0.4%	+3.2%	+4.3%
Per Share & Capital
EPS (Basic)	0.03	0.02	0.01	0.01	0.03
EPS (Diluted)	0.03	0.02	0.01	0.01	0.03
EPS Growth	+98.2%	+192.9%	-52.6%	-64.3%	—
Dividend Per Share	0.03	0.02	0.02	0.03	0.05
Shares Change (YoY)	0	—	-0	0	-0
Shares Outstanding (Basic)	797.02M	797.02M	797.02M	797.40M	794.86M
Shares Outstanding (Diluted)	797.02M	797.02M	797.02M	797.40M	794.86M
Dividend Growth	+13.6%	+46.7%	-46.4%	-37.8%	+309.1%
Free Cash Flow	-8.10M	-2.24M	-7.89M	16.34M	8.70M
Free Cash Flow Margin	-17.5%	-7.4%	-59.2%	+88.3%	+22.0%
Free Cash Flow Per Share	-0.01	-0.00	-0.01	0.02	0.01
Payout Ratio	+72.4%	+98.3%	+592.3%	+393.5%	+34.3%