Al Safat Investment Company K.S.C. (KWSE:ALSAFAT)

KWSE:ALSAFAT Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	2.95	2.89	2.77	3.1	3.45	3.22
Other Revenue	0.83	0.76	-0.83	0.31	1.86	-0.87
Revenue	3.78	3.65	1.95	3.41	5.3	2.35
Revenue Growth (YoY)	69.21%	87.60%	-42.91%	-35.76%	125.35%	-67.16%
Cost of Revenue	2.07	2	2	2.33	2.49	3.32
Gross Profit	1.72	1.65	-0.05	1.08	2.81	-0.97
Selling, General & Admin	2.68	2.49	2.97	2.07	2.52	4.13
Other Operating Expenses	-1.28	-1.6	-1.27	-1.16	-1.37	-1.04
Operating Expenses	1.71	1.2	1.83	0.99	1.08	4.75
Operating Income	0.01	0.45	-1.88	0.09	1.73	-5.72
Interest Expense	-0.32	-0.31	-0.29	-0.19	-0.24	-0.26
Currency Exchange Gain (Loss)	0.02	-0.29	-0.2	-1.01	-0.02	-0.16
Other Non Operating Income (Expenses)	5.07	0.09	0.65	2.65	-0.01	-0.07
EBT Excluding Unusual Items	4.78	-0.06	-1.72	1.55	1.46	-6.2
Impairment of Goodwill	-	-	-	-	-	-1.27
Gain (Loss) on Sale of Investments	-	-	-	-	-	-0.18
Gain (Loss) on Sale of Assets	-	-	-	-0.01	-	-
Asset Writedown	0.12	0.12	-4.7	-1.32	0.07	-2.96
Legal Settlements	-	-	-	-	-	-4.47
Other Unusual Items	-	-	5.69	-	-	20.66
Pretax Income	4.9	0.07	-0.73	0.21	1.53	5.57
Income Tax Expense	0.05	-	0.01	-	0.01	0.05
Earnings From Continuing Operations	4.85	0.07	-0.74	0.21	1.52	5.52
Earnings From Discontinued Operations	0.36	0.42	-0.76	-0.24	-0.22	-
Net Income to Company	5.21	0.48	-1.49	-0.03	1.3	5.52
Minority Interest in Earnings	-0.16	-0.27	2.53	0.22	0.14	1.71
Net Income	5.05	0.22	1.04	0.19	1.44	7.23
Net Income to Common	5.05	0.22	1.04	0.19	1.44	7.23
Net Income Growth	498.04%	-79.06%	459.82%	-87.06%	-80.13%	734.10%
Shares Outstanding (Basic)	283	282	243	234	234	234
Shares Outstanding (Diluted)	283	282	243	234	234	234
Shares Change (YoY)	11.23%	15.93%	3.84%	-	-0.00%	5.00%
EPS (Basic)	0.02	0.00	0.00	0.00	0.01	0.03
EPS (Diluted)	0.02	0.00	0.00	0.00	0.01	0.03
EPS Growth	437.68%	-81.96%	439.72%	-87.08%	-80.14%	694.39%
Free Cash Flow	4.04	-1.14	-2.06	-1.24	0.2	-1.22
Free Cash Flow Per Share	0.01	-0.00	-0.01	-0.01	0.00	-0.01
Gross Margin	45.39%	45.24%	-2.74%	31.71%	53.02%	-41.03%
Operating Margin	0.20%	12.31%	-96.63%	2.69%	32.57%	-242.92%
Profit Margin	133.43%	5.96%	53.44%	5.45%	27.07%	307.02%
Free Cash Flow Margin	106.84%	-31.18%	-105.87%	-36.28%	3.72%	-51.82%
EBITDA	0.33	0.76	-1.43	0.37	2.08	-5.31
EBITDA Margin	8.71%	20.80%	-73.56%	10.72%	39.17%	-225.49%
D&A For EBITDA	0.32	0.31	0.45	0.27	0.35	0.41
EBIT	0.01	0.45	-1.88	0.09	1.73	-5.72
EBIT Margin	0.20%	12.31%	-96.63%	2.69%	32.57%	-242.92%
Effective Tax Rate	1.01%	-	-	-	0.54%	0.97%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.