KWSE:AZNOULA Income Statement

Financials in millions KWD. Fiscal year is January - December.

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020 - 2016
Revenue	52.16	48.67	52.64	52.74	50.15	Upgrade
Revenue Growth (YoY)	7.17%	-7.56%	-0.19%	5.17%	-2.42%	Upgrade
Selling, General & Admin	2.69	2.93	2.11	2.24	1.78	Upgrade
Other Operating Expenses	19.75	18.43	18.43	17.6	15.99	Upgrade
Total Operating Expenses	22.45	21.36	20.54	19.85	17.77	Upgrade
Operating Income	29.71	27.31	32.1	32.9	32.38	Upgrade
Interest Expense	-17.65	-21.62	-21.99	-18.32	-18.58	Upgrade
Interest Income	3.27	3.71	2.74	0.17	0.03	Upgrade
Net Interest Expense	-14.38	-17.91	-19.25	-18.15	-18.56	Upgrade
Other Non-Operating Income (Expenses)	-0.14	-0.09	-0.12	-0.14	-0.14	Upgrade
EBT Excluding Unusual Items	15.19	9.31	12.73	14.61	13.68	Upgrade
Pretax Income	15.19	9.31	12.73	14.61	13.68	Upgrade
Income Tax Expense	0.16	0.1	0.13	0.15	0.14	Upgrade
Net Income	15.03	9.21	12.6	14.46	13.54	Upgrade
Net Income to Common	15.03	9.21	12.6	14.46	13.54	Upgrade
Net Income Growth	63.16%	-26.89%	-12.90%	6.85%	10.32%	Upgrade
Shares Outstanding (Basic)	1,100	1,100	1,100	1,100	1,100	Upgrade
Shares Outstanding (Diluted)	1,100	1,100	1,100	1,100	1,100	Upgrade
EPS (Basic)	0.01	0.01	0.01	0.01	0.01	Upgrade
EPS (Diluted)	0.01	0.01	0.01	0.01	0.01	Upgrade
EPS Growth	63.15%	-26.89%	-12.89%	6.85%	10.32%	Upgrade
Free Cash Flow	44.55	50.58	41.91	50.64	38.85	Upgrade
Free Cash Flow Per Share	0.04	0.05	0.04	0.05	0.04	Upgrade
Dividend Per Share	-	0.006	0.005	0.017	0.014	Upgrade
Dividend Growth	-	20.00%	-70.59%	21.43%	-62.16%	Upgrade
Profit Margin	28.81%	18.93%	23.93%	27.42%	26.99%	Upgrade
Free Cash Flow Margin	85.42%	103.93%	79.62%	96.01%	77.47%	Upgrade
EBITDA	29.76	27.35	32.14	32.92	32.4	Upgrade
EBITDA Margin	57.07%	56.21%	61.06%	62.42%	64.61%	Upgrade
D&A For EBITDA	0.05	0.05	0.04	0.03	0.03	Upgrade
EBIT	29.71	27.31	32.1	32.9	32.38	Upgrade
EBIT Margin	56.96%	56.11%	60.98%	62.37%	64.56%	Upgrade
Effective Tax Rate	1.04%	1.09%	1.04%	0.99%	1.05%	Upgrade

Source: S&P Capital IQ. Utility template. Financial Sources.