TAMDEEN INVESTMENT CO.

Tamdeen Investment Co., (K.S.C)

TAMINVStocksBoursa KuwaitDiversified Financials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	20.16M	15.41M	18.99M	16.80M	10.06M
Cost of Revenue	0.88M	0.74M	0.57M	0.52M	0.92M
Gross Profit	19.29M	14.67M	18.43M	16.28M	9.14M
SG&A	35.00K	35.00K	35.00K	39.50K	50.00K
Operating Expenses	0.13M	0.63M	1.08M	1.93M	1.77M
Operating Income	19.16M	14.04M	17.35M	14.34M	7.37M
Interest Expense	-1.34M	-0.51M	-1.21M	-1.66M	-2.24M
Other Income/Expense	—	—	-2.45M	—	—
Pretax Income	16.69M	13.56M	13.69M	12.83M	5.06M
Income Tax	77.37K	61.02K	60.15K	55.41K	1.93K
Net Income	16.52M	13.51M	13.62M	12.65M	5.19M
EBITDA	20.74M	15.63M	18.98M	16.47M	9.06M
EBIT	19.16M	14.04M	17.35M	14.34M	7.37M
EPS (Basic)	0.08	0.05	0.07	0.06	0.03
EPS (Diluted)	0.08	0.05	0.07	0.06	0.03
DPS	0.05	0.05	0.05	0.02	0.02
Margins & Efficiency
Gross Margin %	+95.7%	+95.2%	+97.0%	+96.9%	+90.8%
EBITDA Margin %	+102.8%	+101.4%	+100.0%	+98.0%	+90.0%
Net Margin %	+81.9%	+87.7%	+71.7%	+75.3%	+51.6%
Revenue & Income
Revenue	20.16M	15.41M	18.99M	16.80M	10.06M
Revenue as Reported	22.00M	16.84M	17.68M	17.65M	10.50M
Revenue Growth (YoY)	+30.9%	-18.9%	+13.1%	+67.0%	+2,241.0%
Other Revenue	20.16M	15.41M	18.99M	16.80M	10.06M
Gain (Loss) on Sale of Assets	—	—	—	-33.80K	—
Currency Exchange Gain (Loss)	-0.32K	-37.27K	-1.90K	181.41K	-71.17K
Expenses & Provisions
Cost of Revenue	0.88M	0.74M	0.57M	0.52M	0.92M
Selling, General & Admin	35.00K	35.00K	35.00K	39.50K	50.00K
Operating Expenses	0.13M	0.63M	1.08M	1.93M	1.77M
Other Operating Expenses	0.09M	0.60M	1.04M	1.89M	1.72M
Interest Expense	-1.34M	-0.51M	-1.21M	-1.66M	-2.24M
Other Non Operating Income (Expenses)	—	—	-2.45M	—	—
Asset Writedown	146.47K	69.81K	—	—	—
Impairment of Goodwill	-1.27M	—	—	—	—
D&A For EBITDA	1.58M	1.59M	1.64M	2.12M	1.69M
Profitability & Returns
Gross Profit	19.29M	14.67M	18.43M	16.28M	9.14M
Gross Margin	+95.7%	+95.2%	+97.0%	+96.9%	+90.8%
EBIT	19.16M	14.04M	17.35M	14.34M	7.37M
EBIT Margin	+95.0%	+91.1%	+91.3%	+85.4%	+73.2%
EBITDA	20.74M	15.63M	18.98M	16.47M	9.06M
EBITDA Margin	+102.8%	+101.4%	+100.0%	+98.0%	+90.0%
EBT Excluding Unusual Items	17.82M	13.49M	13.69M	12.86M	5.06M
Pretax Income	16.69M	13.56M	13.69M	12.83M	5.06M
Operating Income	19.16M	14.04M	17.35M	14.34M	7.37M
Operating Margin	+95.0%	+91.1%	+91.3%	+85.4%	+73.2%
Profit Margin	+81.9%	+87.7%	+71.7%	+75.3%	+51.6%
Net Income	16.52M	13.51M	13.62M	12.65M	5.19M
Net Income to Common	16.52M	13.51M	13.62M	12.65M	5.19M
Net Income Growth	+22.3%	-0.8%	+7.6%	+143.7%	—
Earnings From Continuing Ops.	16.62M	13.50M	13.63M	12.77M	5.06M
Minority Interest in Earnings	-96.37K	10.08K	-9.98K	-118.24K	136.17K
Income Tax Expense	77.37K	61.02K	60.15K	55.41K	1.93K
Effective Tax Rate	+0.5%	+0.5%	+0.4%	+0.4%	0.0%
Per Share & Capital
EPS (Basic)	0.08	0.05	0.07	0.06	0.03
EPS (Diluted)	0.08	0.05	0.07	0.06	0.03
EPS Growth	+74.4%	-32.5%	+8.9%	+146.0%	—
Dividend Per Share	0.05	0.05	0.05	0.02	0.02
Shares Change (YoY)	-0.3	0.47	-0.01	-0.01	-0
Shares Outstanding (Basic)	200.00M	285.27M	194.19M	196.36M	198.23M
Shares Outstanding (Diluted)	200.00M	285.27M	194.19M	196.36M	198.23M
Dividend Growth	—	-3.3%	+149.8%	+20.3%	—
Free Cash Flow	-0.60M	-1.57M	-3.18M	0.05M	-3.31M
Free Cash Flow Margin	-3.0%	-10.2%	-16.7%	+0.3%	-32.9%
Free Cash Flow Per Share	-0.00	-0.01	-0.02	0.00	-0.02
Payout Ratio	+60.5%	+74.3%	+29.6%	+26.8%	+0.6%

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	20.16M	15.41M	18.99M	16.80M	10.06M
Cost of Revenue	0.88M	0.74M	0.57M	0.52M	0.92M
Gross Profit	19.29M	14.67M	18.43M	16.28M	9.14M
SG&A	35.00K	35.00K	35.00K	39.50K	50.00K
Operating Expenses	0.13M	0.63M	1.08M	1.93M	1.77M
Operating Income	19.16M	14.04M	17.35M	14.34M	7.37M
Interest Expense	-1.34M	-0.51M	-1.21M	-1.66M	-2.24M
Other Income/Expense	—	—	-2.45M	—	—
Pretax Income	16.69M	13.56M	13.69M	12.83M	5.06M
Income Tax	77.37K	61.02K	60.15K	55.41K	1.93K
Net Income	16.52M	13.51M	13.62M	12.65M	5.19M
EBITDA	20.74M	15.63M	18.98M	16.47M	9.06M
EBIT	19.16M	14.04M	17.35M	14.34M	7.37M
EPS (Basic)	0.08	0.05	0.07	0.06	0.03
EPS (Diluted)	0.08	0.05	0.07	0.06	0.03
DPS	0.05	0.05	0.05	0.02	0.02
Margins & Efficiency
Gross Margin %	+95.7%	+95.2%	+97.0%	+96.9%	+90.8%
EBITDA Margin %	+102.8%	+101.4%	+100.0%	+98.0%	+90.0%
Net Margin %	+81.9%	+87.7%	+71.7%	+75.3%	+51.6%
Revenue & Income
Revenue	20.16M	15.41M	18.99M	16.80M	10.06M
Revenue as Reported	22.00M	16.84M	17.68M	17.65M	10.50M
Revenue Growth (YoY)	+30.9%	-18.9%	+13.1%	+67.0%	+2,241.0%
Other Revenue	20.16M	15.41M	18.99M	16.80M	10.06M
Gain (Loss) on Sale of Assets	—	—	—	-33.80K	—
Currency Exchange Gain (Loss)	-0.32K	-37.27K	-1.90K	181.41K	-71.17K
Expenses & Provisions
Cost of Revenue	0.88M	0.74M	0.57M	0.52M	0.92M
Selling, General & Admin	35.00K	35.00K	35.00K	39.50K	50.00K
Operating Expenses	0.13M	0.63M	1.08M	1.93M	1.77M
Other Operating Expenses	0.09M	0.60M	1.04M	1.89M	1.72M
Interest Expense	-1.34M	-0.51M	-1.21M	-1.66M	-2.24M
Other Non Operating Income (Expenses)	—	—	-2.45M	—	—
Asset Writedown	146.47K	69.81K	—	—	—
Impairment of Goodwill	-1.27M	—	—	—	—
D&A For EBITDA	1.58M	1.59M	1.64M	2.12M	1.69M
Profitability & Returns
Gross Profit	19.29M	14.67M	18.43M	16.28M	9.14M
Gross Margin	+95.7%	+95.2%	+97.0%	+96.9%	+90.8%
EBIT	19.16M	14.04M	17.35M	14.34M	7.37M
EBIT Margin	+95.0%	+91.1%	+91.3%	+85.4%	+73.2%
EBITDA	20.74M	15.63M	18.98M	16.47M	9.06M
EBITDA Margin	+102.8%	+101.4%	+100.0%	+98.0%	+90.0%
EBT Excluding Unusual Items	17.82M	13.49M	13.69M	12.86M	5.06M
Pretax Income	16.69M	13.56M	13.69M	12.83M	5.06M
Operating Income	19.16M	14.04M	17.35M	14.34M	7.37M
Operating Margin	+95.0%	+91.1%	+91.3%	+85.4%	+73.2%
Profit Margin	+81.9%	+87.7%	+71.7%	+75.3%	+51.6%
Net Income	16.52M	13.51M	13.62M	12.65M	5.19M
Net Income to Common	16.52M	13.51M	13.62M	12.65M	5.19M
Net Income Growth	+22.3%	-0.8%	+7.6%	+143.7%	—
Earnings From Continuing Ops.	16.62M	13.50M	13.63M	12.77M	5.06M
Minority Interest in Earnings	-96.37K	10.08K	-9.98K	-118.24K	136.17K
Income Tax Expense	77.37K	61.02K	60.15K	55.41K	1.93K
Effective Tax Rate	+0.5%	+0.5%	+0.4%	+0.4%	0.0%
Per Share & Capital
EPS (Basic)	0.08	0.05	0.07	0.06	0.03
EPS (Diluted)	0.08	0.05	0.07	0.06	0.03
EPS Growth	+74.4%	-32.5%	+8.9%	+146.0%	—
Dividend Per Share	0.05	0.05	0.05	0.02	0.02
Shares Change (YoY)	-0.3	0.47	-0.01	-0.01	-0
Shares Outstanding (Basic)	200.00M	285.27M	194.19M	196.36M	198.23M
Shares Outstanding (Diluted)	200.00M	285.27M	194.19M	196.36M	198.23M
Dividend Growth	—	-3.3%	+149.8%	+20.3%	—
Free Cash Flow	-0.60M	-1.57M	-3.18M	0.05M	-3.31M
Free Cash Flow Margin	-3.0%	-10.2%	-16.7%	+0.3%	-32.9%
Free Cash Flow Per Share	-0.00	-0.01	-0.02	0.00	-0.02
Payout Ratio	+60.5%	+74.3%	+29.6%	+26.8%	+0.6%