Reported Earnings • May 05
First quarter 2026 earnings released First quarter 2026 results: Revenue: د.ك1.03m (flat on 1Q 2025). Net loss: د.ك114.4k (loss narrowed 22% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 56% per year, which means it is well ahead of earnings. 공고 • Mar 13
Automated Systems Company - KPSC, Annual General Meeting, Mar 31, 2026 Automated Systems Company - KPSC, Annual General Meeting, Mar 31, 2026, at 10:00 Arab Standard Time. Location: kuwait city Kuwait New Risk • Mar 11
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 6.7% 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 (6.7% average weekly change). Market cap is less than US$100m (د.ك11.4m market cap, or US$37.1m). Reported Earnings • Feb 20
Full year 2025 earnings released: د.ك0.006 loss per share (vs د.ك0 in FY 2024) Full year 2025 results: د.ك0.006 loss per share (further deteriorated from د.ك0 in FY 2024). Revenue: د.ك5.36m (up 27% from FY 2024). Net loss: د.ك576.6k (loss widened د.ك531.1k from FY 2024). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Nov 11
Third quarter 2025 earnings released: د.ك0.001 loss per share (vs د.ك0 in 3Q 2024) Third quarter 2025 results: د.ك0.001 loss per share (further deteriorated from د.ك0 in 3Q 2024). Revenue: د.ك912.0k (down 3.5% from 3Q 2024). Net loss: د.ك116.5k (loss widened 190% from 3Q 2024). 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 23% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 14
Second quarter 2025 earnings released: د.ك0.002 loss per share (vs د.ك0 in 2Q 2024) Second quarter 2025 results: د.ك0.002 loss per share (further deteriorated from د.ك0 in 2Q 2024). Revenue: د.ك995.4k (up 9.6% from 2Q 2024). Net loss: د.ك185.4k (loss widened 477% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. New Risk • Jul 02
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 9.1% 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 (9.1% average weekly change). Market cap is less than US$100m (د.ك19.7m market cap, or US$64.6m). 공고 • May 12
Automated Systems Company - KPSC, Annual General Meeting, May 26, 2025 Automated Systems Company - KPSC, Annual General Meeting, May 26, 2025, at 10:00 Arab Standard Time. Location: kuwait city Kuwait Reported Earnings • Mar 29
Full year 2024 earnings released: EPS: د.ك0 (vs د.ك0 in FY 2023) Full year 2024 results: EPS: د.ك0 (in line with FY 2023). Revenue: د.ك4.24m (up 12% from FY 2023). Net loss: د.ك45.5k (down 285% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. New Risk • Feb 18
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 7.2% 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 (7.2% average weekly change). Market cap is less than US$100m (د.ك17.3m market cap, or US$56.1m). Reported Earnings • Nov 16
Third quarter 2024 earnings released: EPS: د.ك0 (vs د.ك0 in 3Q 2023) Third quarter 2024 results: EPS: د.ك0 (in line with 3Q 2023). Revenue: د.ك945.3k (up 2.9% from 3Q 2023). Net loss: د.ك40.2k (down د.ك46.5k from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. New Risk • Aug 13
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 68% 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 Risk High level of non-cash earnings (68% accrual ratio). Minor Risk Market cap is less than US$100m (د.ك22.7m market cap, or US$74.0m). Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: د.ك0 (vs د.ك0 in 2Q 2023) Second quarter 2024 results: EPS: د.ك0 (in line with 2Q 2023). Revenue: د.ك908.2k (flat on 2Q 2023). Net loss: د.ك32.1k (down 274% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. New Risk • May 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Market cap is less than US$100m (د.ك23.8m market cap, or US$77.4m). Board Change • May 15
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Ali Al Shuraidah is the most experienced director on the board, commencing their role in 2022. Independent Director Nabeel Al Obaidi was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. New Risk • Oct 16
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 Earnings have declined by 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (د.ك8.00m market cap, or US$25.8m). Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: د.ك0 (vs د.ك0.001 loss in 2Q 2022) Second quarter 2023 results: EPS: د.ك0 (improved from د.ك0.001 loss in 2Q 2022). Revenue: د.ك914.2k (up 19% from 2Q 2022). Net income: د.ك18.5k (up د.ك135.2k from 2Q 2022). Profit margin: 2.0% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 05
Full year 2022 earnings released: د.ك0.003 loss per share (vs د.ك0.006 loss in FY 2021) Full year 2022 results: د.ك0.003 loss per share (improved from د.ك0.006 loss in FY 2021). Revenue: د.ك3.19m (up 17% from FY 2021). Net loss: د.ك334.1k (loss narrowed 42% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Ziad Najm was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Third quarter 2022 earnings released: د.ك0.001 loss per share (vs د.ك0.001 loss in 3Q 2021) Third quarter 2022 results: د.ك0.001 loss per share (in line with 3Q 2021). Revenue: د.ك846.2k (up 16% from 3Q 2021). Net loss: د.ك116.8k (loss narrowed 18% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Aug 10
Second quarter 2022 earnings released: د.ك0.001 loss per share (vs د.ك0.001 loss in 2Q 2021) Second quarter 2022 results: د.ك0.001 loss per share (vs د.ك0.001 loss in 2Q 2021). Revenue: د.ك770.1k (up 11% from 2Q 2021). Net loss: د.ك116.7k (loss widened 2.1% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Aug 09
Second quarter 2021 earnings released: د.ك0.001 loss per share (vs د.ك0.004 loss in 2Q 2020) The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were flat. Second quarter 2021 results: Revenue: د.ك691.4k (flat on 2Q 2020). Net loss: د.ك114.3k (loss narrowed 72% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.