Noor Financial Investment

Noor Financial Investment Co. KSC

NOORStocksBoursa 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	55.95M	56.66M	57.33M	39.05M	34.97M
Cost of Revenue	15.41M	10.15M	9.31M	11.03M	10.38M
Gross Profit	40.55M	46.51M	48.02M	28.02M	24.60M
SG&A	5.32M	5.13M	6.79M	5.34M	5.88M
Operating Expenses	5.32M	5.15M	6.11M	6.43M	5.88M
Operating Income	35.22M	41.36M	41.91M	21.59M	18.72M
Interest Expense	-0.28M	-0.81M	-1.15M	-0.92M	-0.90M
Pretax Income	35.46M	43.26M	37.96M	20.42M	17.93M
Income Tax	0.80M	1.09M	0.86M	0.55M	0.21M
Net Income	34.49M	42.01M	37.01M	19.82M	17.34M
EBITDA	35.68M	41.68M	42.39M	21.96M	19.14M
EBIT	35.22M	41.36M	41.91M	21.59M	18.72M
EPS (Basic)	0.07	0.08	0.07	0.04	0.03
EPS (Diluted)	0.07	0.08	0.07	0.04	0.03
DPS	0.03	0.03	0.01	0.01	0.00
Margins & Efficiency
Gross Margin %	+72.5%	+82.1%	+83.8%	+71.8%	+70.3%
EBITDA Margin %	+63.8%	+73.6%	+73.9%	+56.2%	+54.7%
Net Margin %	+61.6%	+74.2%	+64.6%	+50.8%	+49.6%
Revenue & Income
Revenue	55.95M	56.66M	57.33M	39.05M	34.97M
Revenue as Reported	56.48M	59.36M	56.91M	38.81M	35.08M
Revenue Growth (YoY)	-1.2%	-1.2%	+46.8%	+11.7%	+15.2%
Operating Revenue	20.67M	14.52M	13.72M	15.45M	13.76M
Other Revenue	35.28M	42.14M	43.61M	23.60M	21.21M
Gain (Loss) on Sale of Assets	—	—	—	—	-18.00K
Currency Exchange Gain (Loss)	-163.03K	52.04K	-523.79K	-120.75K	-14.72K
Expenses & Provisions
Cost of Revenue	15.41M	10.15M	9.31M	11.03M	10.38M
Selling, General & Admin	5.32M	5.13M	6.79M	5.34M	5.88M
Operating Expenses	5.32M	5.15M	6.11M	6.43M	5.88M
Interest Expense	-0.28M	-0.81M	-1.15M	-0.92M	-0.90M
Legal Settlements	—	2.38M	-2.38M	—	—
Asset Writedown	684.95K	277.44K	100.93K	-126.72K	135.38K
D&A For EBITDA	453.86K	320.82K	479.22K	372.39K	416.98K
Profitability & Returns
Gross Profit	40.55M	46.51M	48.02M	28.02M	24.60M
Gross Margin	+72.5%	+82.1%	+83.8%	+71.8%	+70.3%
EBIT	35.22M	41.36M	41.91M	21.59M	18.72M
EBIT Margin	+62.9%	+73.0%	+73.1%	+55.3%	+53.5%
EBITDA	35.68M	41.68M	42.39M	21.96M	19.14M
EBITDA Margin	+63.8%	+73.6%	+73.9%	+56.2%	+54.7%
EBT Excluding Unusual Items	34.78M	40.60M	40.24M	20.55M	17.81M
Pretax Income	35.46M	43.26M	37.96M	20.42M	17.93M
Operating Income	35.22M	41.36M	41.91M	21.59M	18.72M
Operating Margin	+62.9%	+73.0%	+73.1%	+55.3%	+53.5%
Profit Margin	+61.6%	+74.2%	+64.6%	+50.8%	+49.6%
Net Income	34.49M	42.01M	37.01M	19.82M	17.34M
Net Income to Common	34.49M	42.01M	37.01M	19.82M	17.34M
Net Income to Company	34.66M	42.17M	37.10M	19.87M	17.71M
Net Income Growth	-17.9%	+13.5%	+86.7%	+14.3%	+46.2%
Earnings From Continuing Ops.	34.66M	42.17M	37.10M	19.87M	17.71M
Minority Interest in Earnings	-170.51K	-157.61K	-92.95K	-46.60K	-376.54K
Income Tax Expense	0.80M	1.09M	0.86M	0.55M	0.21M
Effective Tax Rate	+2.3%	+2.5%	+2.3%	+2.7%	+1.2%
Per Share & Capital
EPS (Basic)	0.07	0.08	0.07	0.04	0.03
EPS (Diluted)	0.07	0.08	0.07	0.04	0.03
EPS Growth	-17.9%	+13.5%	+86.7%	+12.3%	+44.3%
Dividend Per Share	0.03	0.03	0.01	0.01	0.00
Shares Change (YoY)	—	—	—	0.02	0.01
Shares Outstanding (Basic)	509.22M	509.22M	509.22M	509.22M	500.21M
Shares Outstanding (Diluted)	509.22M	509.22M	509.22M	509.22M	500.21M
Dividend Growth	—	+212.5%	+60.0%	+4.2%	—
Free Cash Flow	-2.25M	-7.32M	2.27M	-0.35M	-0.04M
Free Cash Flow Margin	-4.0%	-12.9%	+4.0%	-0.9%	-0.1%
Free Cash Flow Per Share	-0.00	-0.01	0.00	-0.00	0.00
Payout Ratio	+50.9%	+9.6%	+7.0%	+12.0%	+13.8%

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	55.95M	56.66M	57.33M	39.05M	34.97M
Cost of Revenue	15.41M	10.15M	9.31M	11.03M	10.38M
Gross Profit	40.55M	46.51M	48.02M	28.02M	24.60M
SG&A	5.32M	5.13M	6.79M	5.34M	5.88M
Operating Expenses	5.32M	5.15M	6.11M	6.43M	5.88M
Operating Income	35.22M	41.36M	41.91M	21.59M	18.72M
Interest Expense	-0.28M	-0.81M	-1.15M	-0.92M	-0.90M
Pretax Income	35.46M	43.26M	37.96M	20.42M	17.93M
Income Tax	0.80M	1.09M	0.86M	0.55M	0.21M
Net Income	34.49M	42.01M	37.01M	19.82M	17.34M
EBITDA	35.68M	41.68M	42.39M	21.96M	19.14M
EBIT	35.22M	41.36M	41.91M	21.59M	18.72M
EPS (Basic)	0.07	0.08	0.07	0.04	0.03
EPS (Diluted)	0.07	0.08	0.07	0.04	0.03
DPS	0.03	0.03	0.01	0.01	0.00
Margins & Efficiency
Gross Margin %	+72.5%	+82.1%	+83.8%	+71.8%	+70.3%
EBITDA Margin %	+63.8%	+73.6%	+73.9%	+56.2%	+54.7%
Net Margin %	+61.6%	+74.2%	+64.6%	+50.8%	+49.6%
Revenue & Income
Revenue	55.95M	56.66M	57.33M	39.05M	34.97M
Revenue as Reported	56.48M	59.36M	56.91M	38.81M	35.08M
Revenue Growth (YoY)	-1.2%	-1.2%	+46.8%	+11.7%	+15.2%
Operating Revenue	20.67M	14.52M	13.72M	15.45M	13.76M
Other Revenue	35.28M	42.14M	43.61M	23.60M	21.21M
Gain (Loss) on Sale of Assets	—	—	—	—	-18.00K
Currency Exchange Gain (Loss)	-163.03K	52.04K	-523.79K	-120.75K	-14.72K
Expenses & Provisions
Cost of Revenue	15.41M	10.15M	9.31M	11.03M	10.38M
Selling, General & Admin	5.32M	5.13M	6.79M	5.34M	5.88M
Operating Expenses	5.32M	5.15M	6.11M	6.43M	5.88M
Interest Expense	-0.28M	-0.81M	-1.15M	-0.92M	-0.90M
Legal Settlements	—	2.38M	-2.38M	—	—
Asset Writedown	684.95K	277.44K	100.93K	-126.72K	135.38K
D&A For EBITDA	453.86K	320.82K	479.22K	372.39K	416.98K
Profitability & Returns
Gross Profit	40.55M	46.51M	48.02M	28.02M	24.60M
Gross Margin	+72.5%	+82.1%	+83.8%	+71.8%	+70.3%
EBIT	35.22M	41.36M	41.91M	21.59M	18.72M
EBIT Margin	+62.9%	+73.0%	+73.1%	+55.3%	+53.5%
EBITDA	35.68M	41.68M	42.39M	21.96M	19.14M
EBITDA Margin	+63.8%	+73.6%	+73.9%	+56.2%	+54.7%
EBT Excluding Unusual Items	34.78M	40.60M	40.24M	20.55M	17.81M
Pretax Income	35.46M	43.26M	37.96M	20.42M	17.93M
Operating Income	35.22M	41.36M	41.91M	21.59M	18.72M
Operating Margin	+62.9%	+73.0%	+73.1%	+55.3%	+53.5%
Profit Margin	+61.6%	+74.2%	+64.6%	+50.8%	+49.6%
Net Income	34.49M	42.01M	37.01M	19.82M	17.34M
Net Income to Common	34.49M	42.01M	37.01M	19.82M	17.34M
Net Income to Company	34.66M	42.17M	37.10M	19.87M	17.71M
Net Income Growth	-17.9%	+13.5%	+86.7%	+14.3%	+46.2%
Earnings From Continuing Ops.	34.66M	42.17M	37.10M	19.87M	17.71M
Minority Interest in Earnings	-170.51K	-157.61K	-92.95K	-46.60K	-376.54K
Income Tax Expense	0.80M	1.09M	0.86M	0.55M	0.21M
Effective Tax Rate	+2.3%	+2.5%	+2.3%	+2.7%	+1.2%
Per Share & Capital
EPS (Basic)	0.07	0.08	0.07	0.04	0.03
EPS (Diluted)	0.07	0.08	0.07	0.04	0.03
EPS Growth	-17.9%	+13.5%	+86.7%	+12.3%	+44.3%
Dividend Per Share	0.03	0.03	0.01	0.01	0.00
Shares Change (YoY)	—	—	—	0.02	0.01
Shares Outstanding (Basic)	509.22M	509.22M	509.22M	509.22M	500.21M
Shares Outstanding (Diluted)	509.22M	509.22M	509.22M	509.22M	500.21M
Dividend Growth	—	+212.5%	+60.0%	+4.2%	—
Free Cash Flow	-2.25M	-7.32M	2.27M	-0.35M	-0.04M
Free Cash Flow Margin	-4.0%	-12.9%	+4.0%	-0.9%	-0.1%
Free Cash Flow Per Share	-0.00	-0.01	0.00	-0.00	0.00
Payout Ratio	+50.9%	+9.6%	+7.0%	+12.0%	+13.8%