Noor Financial Investment Company - KPSC (KWSE:NOOR)

KWSE:NOOR 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	18.9	14.52	13.72	15.45	13.76	13.78
Other Revenue	40.77	42.14	43.61	23.6	21.21	16.58
Revenue	59.67	56.66	57.33	39.05	34.97	30.36
Revenue Growth (YoY)	9.32%	-1.18%	46.80%	11.66%	15.22%	-2.52%
Cost of Revenue	14.1	10.15	9.31	11.03	10.38	11.13
Gross Profit	45.57	46.51	48.02	28.02	24.6	19.23
Selling, General & Admin	5.1	5.13	6.79	5.34	5.88	4.43
Operating Expenses	5.12	5.15	6.11	6.43	5.88	4.98
Operating Income	40.45	41.36	41.91	21.59	18.72	14.25
Interest Expense	-0.38	-0.81	-1.15	-0.92	-0.9	-1.1
Currency Exchange Gain (Loss)	-0.16	0.05	-0.52	-0.12	-0.01	-0.02
EBT Excluding Unusual Items	39.91	40.6	40.24	20.55	17.81	13.13
Gain (Loss) on Sale of Assets	-	-	-	-	-0.02	-
Asset Writedown	0.28	0.28	0.1	-0.13	0.14	-0.87
Legal Settlements	-	2.38	-2.38	-	-	-
Pretax Income	40.19	43.26	37.96	20.42	17.93	12.25
Income Tax Expense	0.98	1.09	0.86	0.55	0.21	0.12
Earnings From Continuing Operations	39.21	42.17	37.1	19.87	17.71	12.13
Net Income to Company	39.21	42.17	37.1	19.87	17.71	12.13
Minority Interest in Earnings	-0.21	-0.16	-0.09	-0.05	-0.38	-0.27
Net Income	39	42.01	37.01	19.82	17.34	11.86
Net Income to Common	39	42.01	37.01	19.82	17.34	11.86
Net Income Growth	-1.43%	13.52%	86.71%	14.35%	46.20%	46.80%
Shares Outstanding (Basic)	509	509	509	509	500	494
Shares Outstanding (Diluted)	509	509	509	509	500	494
Shares Change (YoY)	-	-	-	1.80%	1.32%	-1.05%
EPS (Basic)	0.08	0.08	0.07	0.04	0.03	0.02
EPS (Diluted)	0.08	0.08	0.07	0.04	0.03	0.02
EPS Growth	-1.43%	13.52%	86.71%	12.32%	44.30%	48.36%
Free Cash Flow	-5.98	-7.32	2.27	-0.35	-0.04	3.49
Free Cash Flow Per Share	-0.01	-0.01	0.00	-0.00	-	0.01
Dividend Per Share	0.025	0.025	0.008	0.005	0.005	0.005
Dividend Growth	212.50%	212.50%	60.00%	4.17%	-	-
Gross Margin	76.37%	82.09%	83.76%	71.75%	70.33%	63.34%
Operating Margin	67.78%	73.00%	73.11%	55.28%	53.52%	46.94%
Profit Margin	65.36%	74.16%	64.56%	50.76%	49.57%	39.06%
Free Cash Flow Margin	-10.02%	-12.91%	3.95%	-0.90%	-0.11%	11.48%
EBITDA	40.79	41.68	42.39	21.96	19.14	14.86
EBITDA Margin	68.37%	73.56%	73.94%	56.24%	54.71%	48.94%
D&A For EBITDA	0.35	0.32	0.48	0.37	0.42	0.61
EBIT	40.45	41.36	41.91	21.59	18.72	14.25
EBIT Margin	67.78%	73.00%	73.11%	55.28%	53.52%	46.94%
Effective Tax Rate	2.43%	2.51%	2.26%	2.69%	1.19%	1.00%
Revenue as Reported	59.79	59.36	56.91	38.81	35.08	29.46

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