KWSE:TROLLEY 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Operating Revenue	93.71	79.25	67.14
Other Revenue	0.44	0.22	0.16
Revenue	94.16	79.47	67.3
Revenue Growth (YoY)	18.47%	18.10%	-
Cost of Revenue	64.72	54.34	45.61
Gross Profit	29.43	25.13	21.69
Selling, General & Admin	10.52	7.8	6.67
Other Operating Expenses	2.16	1.55	1.11
Operating Expenses	20.64	16.07	13.26
Operating Income	8.8	9.06	8.43
Interest Expense	-0.98	-0.92	-0.87
Interest & Investment Income	0.41	-	-
Pretax Income	8.23	8.14	7.56
Income Tax Expense	0.19	0.01	-
Net Income	8.04	8.13	7.56
Net Income to Common	8.04	8.13	7.56
Net Income Growth	-1.05%	7.58%	-
Shares Outstanding (Basic)	228	228	218
Shares Outstanding (Diluted)	228	228	218
Shares Change (YoY)	-	4.66%	-
EPS (Basic)	0.04	0.04	0.03
EPS (Diluted)	0.04	0.04	0.03
EPS Growth	-1.04%	2.79%	-
Free Cash Flow	7.05	23.25	10.73
Free Cash Flow Per Share	0.03	0.10	0.05
Dividend Per Share	-	0.004	-
Gross Margin	31.26%	31.62%	32.23%
Operating Margin	9.34%	11.40%	12.53%
Profit Margin	8.54%	10.23%	11.23%
Free Cash Flow Margin	7.48%	29.26%	15.94%
EBITDA	10.59	10.35	9.37
EBITDA Margin	11.25%	13.02%	13.92%
D&A For EBITDA	1.8	1.29	0.94
EBIT	8.8	9.06	8.43
EBIT Margin	9.34%	11.40%	12.53%
Effective Tax Rate	2.28%	0.13%	-
Revenue as Reported	94.7	79.54	67.44

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