OULA FUEL MARKETING CO.

Oula Fuel Marketing Company K.S.C.

OULAFUELStocksBoursa KuwaitEnergy

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	172.30M	163.85M	156.19M	145.42M	120.99M
Cost of Revenue	168.41M	160.27M	153.15M	143.32M	119.92M
Gross Profit	3.88M	3.58M	3.05M	2.10M	1.08M
SG&A	2.97M	3.31M	3.33M	3.36M	3.26M
Operating Expenses	3.25M	3.42M	3.57M	3.48M	3.34M
Operating Income	0.63M	0.17M	-0.52M	-1.38M	-2.26M
Interest Income	0.82M	1.27M	0.51M	0.33M	0.53M
Interest Expense	-2.01M	-1.80M	-0.42M	-0.36M	-0.49M
Other Income/Expense	6.78M	4.36M	3.91M	3.68M	3.97M
Pretax Income	6.34M	4.68M	4.09M	3.70M	3.00M
Income Tax	116.74K	28.10K	36.85K	23.53K	17.16K
Net Income	6.22M	4.65M	4.05M	3.68M	2.99M
EBITDA	2.76M	2.55M	1.75M	1.30M	0.20M
EBIT	0.63M	0.17M	-0.52M	-1.38M	-2.26M
EPS (Basic)	0.01	0.01	0.01	0.01	0.01
EPS (Diluted)	0.01	0.01	0.01	0.01	0.01
DPS	0.00	0.00	0.00	0.00	0.00
Margins & Efficiency
Gross Margin %	+2.3%	+2.2%	+2.0%	+1.4%	+0.9%
EBITDA Margin %	+1.6%	+1.6%	+1.1%	+0.9%	+0.2%
Net Margin %	+3.6%	+2.8%	+2.6%	+2.5%	+2.5%
Revenue & Income
Revenue	172.30M	163.85M	156.19M	145.42M	120.99M
Revenue Growth (YoY)	+5.2%	+4.9%	+7.4%	+20.2%	-20.7%
Interest & Investment Income	0.82M	1.27M	0.51M	0.33M	0.53M
Earnings From Equity Investments	0.83M	0.81M	1.38M	1.63M	1.47M
Gain (Loss) on Sale of Assets	681.64K	687.00K	50.00K	60.00K	18.00K
Gain (Loss) on Sale of Investments	-3.63M	—	—	—	—
Expenses & Provisions
Cost of Revenue	168.41M	160.27M	153.15M	143.32M	119.92M
Selling, General & Admin	2.97M	3.31M	3.33M	3.36M	3.26M
Operating Expenses	3.25M	3.42M	3.57M	3.48M	3.34M
Other Operating Expenses	282.73K	105.21K	117.61K	117.71K	80.42K
Interest Expense	-2.01M	-1.80M	-0.42M	-0.36M	-0.49M
Other Non Operating Income (Expenses)	6.78M	4.36M	3.91M	3.68M	3.97M
Asset Writedown	2.22M	-0.81M	-0.82M	-0.62M	-0.08M
Impairment of Goodwill	—	—	—	—	-151.86K
D&A For EBITDA	2.13M	2.38M	2.28M	2.68M	2.46M
Profitability & Returns
Gross Profit	3.88M	3.58M	3.05M	2.10M	1.08M
Gross Margin	+2.3%	+2.2%	+2.0%	+1.4%	+0.9%
EBIT	0.63M	0.17M	-0.52M	-1.38M	-2.26M
EBIT Margin	+0.4%	+0.1%	-0.3%	-0.9%	-1.9%
EBITDA	2.76M	2.55M	1.75M	1.30M	0.20M
EBITDA Margin	+1.6%	+1.6%	+1.1%	+0.9%	+0.2%
EBT Excluding Unusual Items	7.06M	4.81M	4.86M	3.91M	3.21M
Pretax Income	6.34M	4.68M	4.09M	3.70M	3.00M
Operating Income	0.63M	0.17M	-0.52M	-1.38M	-2.26M
Operating Margin	+0.4%	+0.1%	-0.3%	-0.9%	-1.9%
Profit Margin	+3.6%	+2.8%	+2.6%	+2.5%	+2.5%
Net Income	6.22M	4.65M	4.05M	3.68M	2.99M
Net Income to Common	6.22M	4.65M	4.05M	3.68M	2.99M
Net Income Growth	+33.6%	+14.8%	+10.1%	+23.3%	-22.8%
Income Tax Expense	116.74K	28.10K	36.85K	23.53K	17.16K
Effective Tax Rate	+1.8%	+0.6%	+0.9%	+0.6%	+0.6%
Per Share & Capital
EPS (Basic)	0.01	0.01	0.01	0.01	0.01
EPS (Diluted)	0.01	0.01	0.01	0.01	0.01
EPS Growth	+33.6%	+14.8%	+10.1%	+23.2%	-23.6%
Dividend Per Share	0.00	0.00	0.00	0.00	0.00
Shares Change (YoY)	—	—	—	0	0.01
Shares Outstanding (Basic)	445.02M	445.02M	445.02M	445.02M	444.71M
Shares Outstanding (Diluted)	445.02M	445.02M	445.02M	445.02M	444.71M
Free Cash Flow	6.13M	5.19M	6.98M	6.95M	4.63M
Free Cash Flow Margin	+3.6%	+3.2%	+4.5%	+4.8%	+3.8%
Free Cash Flow Per Share	0.01	0.01	0.02	0.02	0.01
Payout Ratio	+33.1%	+42.6%	+59.2%	+37.6%	—
Supplemental
Other Unusual Items	—	—	—	357.54K	—

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	172.30M	163.85M	156.19M	145.42M	120.99M
Cost of Revenue	168.41M	160.27M	153.15M	143.32M	119.92M
Gross Profit	3.88M	3.58M	3.05M	2.10M	1.08M
SG&A	2.97M	3.31M	3.33M	3.36M	3.26M
Operating Expenses	3.25M	3.42M	3.57M	3.48M	3.34M
Operating Income	0.63M	0.17M	-0.52M	-1.38M	-2.26M
Interest Income	0.82M	1.27M	0.51M	0.33M	0.53M
Interest Expense	-2.01M	-1.80M	-0.42M	-0.36M	-0.49M
Other Income/Expense	6.78M	4.36M	3.91M	3.68M	3.97M
Pretax Income	6.34M	4.68M	4.09M	3.70M	3.00M
Income Tax	116.74K	28.10K	36.85K	23.53K	17.16K
Net Income	6.22M	4.65M	4.05M	3.68M	2.99M
EBITDA	2.76M	2.55M	1.75M	1.30M	0.20M
EBIT	0.63M	0.17M	-0.52M	-1.38M	-2.26M
EPS (Basic)	0.01	0.01	0.01	0.01	0.01
EPS (Diluted)	0.01	0.01	0.01	0.01	0.01
DPS	0.00	0.00	0.00	0.00	0.00
Margins & Efficiency
Gross Margin %	+2.3%	+2.2%	+2.0%	+1.4%	+0.9%
EBITDA Margin %	+1.6%	+1.6%	+1.1%	+0.9%	+0.2%
Net Margin %	+3.6%	+2.8%	+2.6%	+2.5%	+2.5%
Revenue & Income
Revenue	172.30M	163.85M	156.19M	145.42M	120.99M
Revenue Growth (YoY)	+5.2%	+4.9%	+7.4%	+20.2%	-20.7%
Interest & Investment Income	0.82M	1.27M	0.51M	0.33M	0.53M
Earnings From Equity Investments	0.83M	0.81M	1.38M	1.63M	1.47M
Gain (Loss) on Sale of Assets	681.64K	687.00K	50.00K	60.00K	18.00K
Gain (Loss) on Sale of Investments	-3.63M	—	—	—	—
Expenses & Provisions
Cost of Revenue	168.41M	160.27M	153.15M	143.32M	119.92M
Selling, General & Admin	2.97M	3.31M	3.33M	3.36M	3.26M
Operating Expenses	3.25M	3.42M	3.57M	3.48M	3.34M
Other Operating Expenses	282.73K	105.21K	117.61K	117.71K	80.42K
Interest Expense	-2.01M	-1.80M	-0.42M	-0.36M	-0.49M
Other Non Operating Income (Expenses)	6.78M	4.36M	3.91M	3.68M	3.97M
Asset Writedown	2.22M	-0.81M	-0.82M	-0.62M	-0.08M
Impairment of Goodwill	—	—	—	—	-151.86K
D&A For EBITDA	2.13M	2.38M	2.28M	2.68M	2.46M
Profitability & Returns
Gross Profit	3.88M	3.58M	3.05M	2.10M	1.08M
Gross Margin	+2.3%	+2.2%	+2.0%	+1.4%	+0.9%
EBIT	0.63M	0.17M	-0.52M	-1.38M	-2.26M
EBIT Margin	+0.4%	+0.1%	-0.3%	-0.9%	-1.9%
EBITDA	2.76M	2.55M	1.75M	1.30M	0.20M
EBITDA Margin	+1.6%	+1.6%	+1.1%	+0.9%	+0.2%
EBT Excluding Unusual Items	7.06M	4.81M	4.86M	3.91M	3.21M
Pretax Income	6.34M	4.68M	4.09M	3.70M	3.00M
Operating Income	0.63M	0.17M	-0.52M	-1.38M	-2.26M
Operating Margin	+0.4%	+0.1%	-0.3%	-0.9%	-1.9%
Profit Margin	+3.6%	+2.8%	+2.6%	+2.5%	+2.5%
Net Income	6.22M	4.65M	4.05M	3.68M	2.99M
Net Income to Common	6.22M	4.65M	4.05M	3.68M	2.99M
Net Income Growth	+33.6%	+14.8%	+10.1%	+23.3%	-22.8%
Income Tax Expense	116.74K	28.10K	36.85K	23.53K	17.16K
Effective Tax Rate	+1.8%	+0.6%	+0.9%	+0.6%	+0.6%
Per Share & Capital
EPS (Basic)	0.01	0.01	0.01	0.01	0.01
EPS (Diluted)	0.01	0.01	0.01	0.01	0.01
EPS Growth	+33.6%	+14.8%	+10.1%	+23.2%	-23.6%
Dividend Per Share	0.00	0.00	0.00	0.00	0.00
Shares Change (YoY)	—	—	—	0	0.01
Shares Outstanding (Basic)	445.02M	445.02M	445.02M	445.02M	444.71M
Shares Outstanding (Diluted)	445.02M	445.02M	445.02M	445.02M	444.71M
Free Cash Flow	6.13M	5.19M	6.98M	6.95M	4.63M
Free Cash Flow Margin	+3.6%	+3.2%	+4.5%	+4.8%	+3.8%
Free Cash Flow Per Share	0.01	0.01	0.02	0.02	0.01
Payout Ratio	+33.1%	+42.6%	+59.2%	+37.6%	—
Supplemental
Other Unusual Items	—	—	—	357.54K	—