New Risk • Jun 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 58% Last year net profit margin: 105% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (58% net profit margin). Reported Earnings • May 14
First quarter 2026 earnings released: EPS: د.ك0.002 (vs د.ك0.016 in 1Q 2025) First quarter 2026 results: EPS: د.ك0.002 (down from د.ك0.016 in 1Q 2025). Revenue: د.ك1.75m (down 70% from 1Q 2025). Net income: د.ك1.19m (down 85% from 1Q 2025). Profit margin: 68% (down from 138% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 85% per year, which means it is well ahead of earnings. Announcement • May 06
International Financial Advisors Holding - KPSC to Report Q1, 2026 Results on May 11, 2026 International Financial Advisors Holding - KPSC announced that they will report Q1, 2026 results on May 11, 2026 Announcement • Apr 22
International Financial Advisors Holding - KPSC, Annual General Meeting, May 11, 2026 International Financial Advisors Holding - KPSC, Annual General Meeting, May 11, 2026, at 11:00 Arab Standard Time. Location: kuwait city Kuwait New Risk • Apr 03
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 59% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 30
Full year 2025 earnings released: EPS: د.ك0.022 (vs د.ك0.018 in FY 2024) Full year 2025 results: EPS: د.ك0.022 (up from د.ك0.018 in FY 2024). Revenue: د.ك15.4m (up 56% from FY 2024). Net income: د.ك11.5m (up 44% from FY 2024). Profit margin: 75% (down from 81% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 24
International Financial Advisors Holding - KPSC to Report Fiscal Year 2025 Results on Mar 29, 2026 International Financial Advisors Holding - KPSC announced that they will report fiscal year 2025 results at 12:00 PM, BT-Baghdad on Mar 29, 2026 Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: د.ك0.003 (vs د.ك0.004 in 3Q 2024) Third quarter 2025 results: EPS: د.ك0.003 (down from د.ك0.004 in 3Q 2024). Revenue: د.ك1.98m (down 23% from 3Q 2024). Net income: د.ك1.30m (down 33% from 3Q 2024). Profit margin: 66% (down from 76% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 03
International Financial Advisors Holding - KPSC to Report Q3, 2025 Results on Nov 06, 2025 International Financial Advisors Holding - KPSC announced that they will report Q3, 2025 results on Nov 06, 2025 Reported Earnings • Aug 01
Second quarter 2025 earnings released: EPS: د.ك0.004 (vs د.ك0.005 in 2Q 2024) Second quarter 2025 results: EPS: د.ك0.004. Revenue: د.ك2.55m (up 18% from 2Q 2024). Net income: د.ك2.19m (up 32% from 2Q 2024). Profit margin: 86% (up from 77% in 2Q 2024). The increase in margin was primarily driven by lower expenses. Announcement • Jul 29
International Financial Advisors Holding - KPSC to Report First Half, 2025 Results on Jul 31, 2025 International Financial Advisors Holding - KPSC announced that they will report first half, 2025 results on Jul 31, 2025 New Risk • Jun 25
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (21% accrual ratio). Shareholders have been substantially diluted in the past year (63% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (86% net profit margin). Announcement • May 08
International Financial Advisors Holding - KPSC, Annual General Meeting, May 25, 2025 International Financial Advisors Holding - KPSC, Annual General Meeting, May 25, 2025, at 11:00 Arab Standard Time. Location: kuwait city Kuwait Reported Earnings • Nov 12
Third quarter 2024 earnings released: EPS: د.ك0.004 (vs د.ك0.036 in 3Q 2023) Third quarter 2024 results: EPS: د.ك0.004 (down from د.ك0.036 in 3Q 2023). Revenue: د.ك2.56m (down 57% from 3Q 2023). Net income: د.ك1.94m (down 81% from 3Q 2023). Profit margin: 76% (down from 169% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 55% per year whereas the company’s share price has increased by 53% per year. New Risk • Sep 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Kuwaiti stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: د.ك0.006 (vs د.ك0.017 in 2Q 2023) Second quarter 2024 results: EPS: د.ك0.006 (down from د.ك0.017 in 2Q 2023). Revenue: د.ك2.16m (up 54% from 2Q 2023). Net income: د.ك1.66m (down 66% from 2Q 2023). Profit margin: 77% (down from 345% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 30% per year. Announcement • Aug 10
International Financial Advisors Holding - KPSC to Report Q2, 2024 Results on Aug 13, 2024 International Financial Advisors Holding - KPSC announced that they will report Q2, 2024 results on Aug 13, 2024 New Risk • Aug 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 64% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (23% accrual ratio). Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Announcement • May 31
International Financial Advisors Holding - KPSC announced that it expects to receive KWD 21.3 million in funding International Financial Advisors Holding - KPSC announced a private placement of common shares for the gross proceeds of KWD 21,300,000 on May 29, 2024. The transaction has been approved by the shareholders of the company. Reported Earnings • May 17
First quarter 2024 earnings released: EPS: د.ك0.009 (vs د.ك0.002 in 1Q 2023) First quarter 2024 results: EPS: د.ك0.009 (up from د.ك0.002 in 1Q 2023). Revenue: د.ك2.78m (up 213% from 1Q 2023). Net income: د.ك2.36m (up 394% from 1Q 2023). Profit margin: 85% (up from 54% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 10
International Financial Advisors Holding - KPSC, Annual General Meeting, May 29, 2024 International Financial Advisors Holding - KPSC, Annual General Meeting, May 29, 2024, at 11:00 Arab Standard Time. Location: kuwait Kuwait Reported Earnings • Apr 01
Full year 2023 earnings released: EPS: د.ك0.066 (vs د.ك0.006 in FY 2022) Full year 2023 results: EPS: د.ك0.066 (up from د.ك0.006 in FY 2022). Revenue: د.ك19.3m (up 311% from FY 2022). Net income: د.ك16.5m (up د.ك15.1m from FY 2022). Profit margin: 85% (up from 30% in FY 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 50% per year, which means it is well ahead of earnings. New Risk • Nov 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Kuwaiti stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. Reported Earnings • Oct 30
Third quarter 2023 earnings released: EPS: د.ك0.04 (vs د.ك0.01 in 3Q 2022) Third quarter 2023 results: EPS: د.ك0.04 (up from د.ك0.01 in 3Q 2022). Revenue: د.ك10.8m (up 252% from 3Q 2022). Net income: د.ك10.1m (up 300% from 3Q 2022). Profit margin: 93% (up from 82% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 20
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 168% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: د.ك0.019 (vs د.ك0.001 in 2Q 2022) Second quarter 2023 results: EPS: د.ك0.019 (up from د.ك0.001 in 2Q 2022). Revenue: د.ك5.74m (up د.ك5.01m from 2Q 2022). Net income: د.ك4.85m (up د.ك4.54m from 2Q 2022). Profit margin: 84% (up from 42% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 14
Full year 2022 earnings released: EPS: د.ك0.014 (vs د.ك0.003 in FY 2021) Full year 2022 results: EPS: د.ك0.014 (up from د.ك0.003 in FY 2021). Revenue: د.ك5.15m (up 131% from FY 2021). Net income: د.ك3.52m (up 453% from FY 2021). Profit margin: 68% (up from 28% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: د.ك0.01 (vs د.ك0.001 in 3Q 2021) Third quarter 2022 results: EPS: د.ك0.01 (up from د.ك0.001 in 3Q 2021). Revenue: د.ك3.07m (up د.ك2.59m from 3Q 2021). Net income: د.ك2.51m (up د.ك2.38m from 3Q 2021). Profit margin: 82% (up from 27% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Vice Chairman & CEO Saleh Saleh Al-Selmi was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 19
Second quarter 2022 earnings released: EPS: د.ك0.001 (vs د.ك0.002 in 2Q 2021) Second quarter 2022 results: EPS: د.ك0.001 (down from د.ك0.002 in 2Q 2021). Revenue: د.ك730.8k (down 30% from 2Q 2021). Net income: د.ك306.7k (down 41% from 2Q 2021). Profit margin: 42% (down from 50% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Vice Chairman & CEO Saleh Saleh Al-Selmi was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: د.ك0.003 (vs د.ك0.033 in FY 2020) Full year 2021 results: EPS: د.ك0.003 (down from د.ك0.033 in FY 2020). Revenue: د.ك2.32m (down 125% from FY 2020). Net income: د.ك635.2k (down 92% from FY 2020). Profit margin: 27% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 21
Third quarter 2021 earnings released: EPS د.ك0.001 (vs د.ك0.051 in 3Q 2020) Third quarter 2021 results: Net income: د.ك128.2k (down 99% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS د.ك0.002 (vs د.ك0.031 loss in 2Q 2020) The company reported a soft second quarter result with weaker revenues and profit margins, although earnings were improved. Second quarter 2021 results: Revenue: د.ك1.05m (down 115% from 2Q 2020). Net income: د.ك517.2k (up د.ك8.19m from 2Q 2020). Profit margin: 50% (down from 106% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 21
First quarter 2021 earnings released: EPS د.ك0.002 (vs د.ك0.017 loss in 1Q 2020) First quarter 2021 results: Net income: د.ك389.7k (up د.ك4.62m from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 19% per year. Reported Earnings • Apr 16
Full year 2020 earnings released: EPS د.ك0.033 (vs د.ك0.074 loss in FY 2019) The company reported a soft full year result with weaker revenues and profit margins, although earnings were improved. Full year 2020 results: Revenue: د.ك20.9m (down 380% from FY 2019). Net income: د.ك8.23m (up د.ك26.6m from FY 2019). Profit margin: 39% (down from 247% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.