Reported Earnings • May 14
First quarter 2026 earnings released: د.ك0.002 loss per share (vs د.ك0.007 profit in 1Q 2025) First quarter 2026 results: د.ك0.002 loss per share (down from د.ك0.007 profit in 1Q 2025). Revenue: د.ك4.15m (down 58% from 1Q 2025). Net loss: د.ك857.9k (down 123% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • May 11
Kuwait Investment Company K.S.C.P. to Report Q1, 2026 Results on May 12, 2026 Kuwait Investment Company K.S.C.P. announced that they will report Q1, 2026 results on May 12, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of د.ك0.018 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 08 April 2026. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 8.5%. Within top quartile of Kuwaiti dividend payers (5.8%). Higher than average of industry peers (4.9%). Reported Earnings • Feb 17
Full year 2025 earnings released: EPS: د.ك0.036 (vs د.ك0.023 in FY 2024) Full year 2025 results: EPS: د.ك0.036 (up from د.ك0.023 in FY 2024). Revenue: د.ك45.9m (up 39% from FY 2024). Net income: د.ك19.7m (up 57% from FY 2024). Profit margin: 43% (up from 38% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Feb 16
Kuwait Investment Company K.S.C.P., Annual General Meeting, Mar 08, 2026 Kuwait Investment Company K.S.C.P., Annual General Meeting, Mar 08, 2026, at 11:30 Arab Standard Time. Location: kuwait city Kuwait Reported Earnings • Nov 26
Third quarter 2025 earnings released: EPS: د.ك0.01 (vs د.ك0.005 in 3Q 2024) Third quarter 2025 results: EPS: د.ك0.01 (up from د.ك0.005 in 3Q 2024). Revenue: د.ك11.3m (up 42% from 3Q 2024). Net income: د.ك5.34m (up 81% from 3Q 2024). Profit margin: 47% (up from 37% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Nov 07
Kuwait Investment Company K.S.C.P. to Report Q3, 2025 Results on Nov 11, 2025 Kuwait Investment Company K.S.C.P. announced that they will report Q3, 2025 results on Nov 11, 2025 New Risk • Aug 13
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 Risk High level of non-cash earnings (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Aug 13
Second quarter 2025 earnings released: EPS: د.ك0.012 (vs د.ك0 in 2Q 2024) Second quarter 2025 results: EPS: د.ك0.012 (up from د.ك0 in 2Q 2024). Revenue: د.ك14.4m (up 246% from 2Q 2024). Net income: د.ك6.39m (up د.ك6.31m from 2Q 2024). Profit margin: 44% (up from 1.9% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Aug 11
Kuwait Investment Company K.S.C.P. to Report Q2, 2025 Results on Aug 12, 2025 Kuwait Investment Company K.S.C.P. announced that they will report Q2, 2025 results on Aug 12, 2025 Reported Earnings • May 08
First quarter 2025 earnings released: EPS: د.ك0.007 (vs د.ك0.009 in 1Q 2024) First quarter 2025 results: EPS: د.ك0.007 (down from د.ك0.009 in 1Q 2024). Revenue: د.ك9.99m (down 10% from 1Q 2024). Net income: د.ك3.80m (down 23% from 1Q 2024). Profit margin: 38% (down from 45% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • May 05
Kuwait Investment Company K.S.C.P. to Report Q1, 2025 Results on May 06, 2025 Kuwait Investment Company K.S.C.P. announced that they will report Q1, 2025 results on May 06, 2025 Upcoming Dividend • Apr 07
Upcoming dividend of د.ك0.013 per share Eligible shareholders must have bought the stock before 14 April 2025. Payment date: 23 April 2025. Payout ratio is a comfortable 57% but the company is paying out more than the cash it is generating. Trailing yield: 7.8%. Within top quartile of Kuwaiti dividend payers (6.5%). Higher than average of industry peers (5.0%). Declared Dividend • Mar 23
Dividend increased to د.ك0.013 Dividend of د.ك0.013 is 30% higher than last year. Ex-date: 14th April 2025 Payment date: 23rd April 2025 Dividend yield will be 6.9%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (57% earnings payout ratio) but not covered by cash flows (139% cash payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 37% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.3% EPS decline seen over the last 5 years. Announcement • Feb 24
Kuwait Investment Company K.S.C.P., Annual General Meeting, Mar 20, 2025 Kuwait Investment Company K.S.C.P., Annual General Meeting, Mar 20, 2025, at 11:30 Arab Standard Time. Location: kuwait city Kuwait Reported Earnings • Feb 20
Full year 2024 earnings released: EPS: د.ك0.023 (vs د.ك0.013 in FY 2023) Full year 2024 results: EPS: د.ك0.023 (up from د.ك0.013 in FY 2023). Revenue: د.ك33.2m (up 27% from FY 2023). Net income: د.ك12.6m (up 79% from FY 2023). Profit margin: 38% (up from 27% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Feb 17
Kuwait Investment Company K.S.C.P. to Report Fiscal Year 2024 Results on Feb 18, 2025 Kuwait Investment Company K.S.C.P. announced that they will report fiscal year 2024 results on Feb 18, 2025 Reported Earnings • Nov 06
Third quarter 2024 earnings released: EPS: د.ك0.005 (vs د.ك0.001 loss in 3Q 2023) Third quarter 2024 results: EPS: د.ك0.005 (up from د.ك0.001 loss in 3Q 2023). Revenue: د.ك7.96m (up 316% from 3Q 2023). Net income: د.ك2.94m (up د.ك3.28m from 3Q 2023). Profit margin: 37% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • Nov 04
Kuwait Investment Company K.S.C.P. to Report Q3, 2024 Results on Nov 05, 2024 Kuwait Investment Company K.S.C.P. announced that they will report Q3, 2024 results on Nov 05, 2024 Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: د.ك0 (vs د.ك0.006 in 2Q 2023) Second quarter 2024 results: EPS: د.ك0 (down from د.ك0.006 in 2Q 2023). Revenue: د.ك4.16m (down 48% from 2Q 2023). Net income: د.ك77.8k (down 97% from 2Q 2023). Profit margin: 1.9% (down from 38% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • May 15
First quarter 2024 earnings released: EPS: د.ك0.009 (vs د.ك0.001 in 1Q 2023) First quarter 2024 results: EPS: د.ك0.009 (up from د.ك0.001 in 1Q 2023). Revenue: د.ك11.1m (up 79% from 1Q 2023). Net income: د.ك4.96m (up د.ك4.57m from 1Q 2023). Profit margin: 45% (up from 6.2% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • May 10
Kuwait Investment Company K.S.C.P. to Report Q1, 2024 Results on May 12, 2024 Kuwait Investment Company K.S.C.P. announced that they will report Q1, 2024 results at 12:00 PM, BT-Baghdad on May 12, 2024 Upcoming Dividend • Apr 11
Upcoming dividend of د.ك0.01 per share Eligible shareholders must have bought the stock before 18 April 2024. Payment date: 29 April 2024. Payout ratio is a comfortable 75% and this is well supported by cash flows. Trailing yield: 5.4%. Lower than top quartile of Kuwaiti dividend payers (6.6%). In line with average of industry peers (5.0%). Declared Dividend • Mar 02
Dividend increased to د.ك0.01 Dividend of د.ك0.01 is 100% higher than last year. Ex-date: 15th April 2024 Payment date: 24th April 2024 Dividend yield will be 5.1%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by both earnings (75% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has remained flat since 9 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 17% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.6% EPS decline seen over the last 5 years. Announcement • Feb 29
Kuwait Investment Company K.S.C.P., Annual General Meeting, Mar 27, 2024 Kuwait Investment Company K.S.C.P., Annual General Meeting, Mar 27, 2024, at 08:00 Coordinated Universal Time. Location: Mubarak Al Kabeer St. Almanakh, 5th Floor Kuwait Agenda: To discuss and approve the Board of Directors' report the company's activity, financial position, and results of its operations on the financial year ended Dec. 31, 2023; to review and approve the Corporate Governance Report and the Audit Committee Report for the fiscal year ended on Dec. 31, 2023; to discuss the report of the Audit Bureau, which includes the notes of the Audit Bureau during the financial year ended Dec. 31, 2023; to discuss and approve the annual consolidated financial statements for the financial year ended on Dec. 31, 2023; to review the report of any violations and penalties issued by the regulatory authorities' regulators on the Company during the financial year ended Dec. 31, 2023; to discuss and approving the report of the external auditor on the results of the company's financial statements for the financial year ending on Dec. 31, 2023 and approving the distributable net profit; and to consider other matters. New Risk • Feb 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (5.0% increase in shares outstanding). Reported Earnings • Feb 21
Full year 2023 earnings released: EPS: د.ك0.013 (vs د.ك0.001 in FY 2022) Full year 2023 results: EPS: د.ك0.013 (up from د.ك0.001 in FY 2022). Revenue: د.ك27.3m (up 42% from FY 2022). Net income: د.ك7.03m (up د.ك6.42m from FY 2022). Profit margin: 26% (up from 3.1% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. New Risk • Nov 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Nov 10
Third quarter 2023 earnings released: د.ك0.001 loss per share (vs د.ك0.004 loss in 3Q 2022) Third quarter 2023 results: د.ك0.001 loss per share (improved from د.ك0.004 loss in 3Q 2022). Revenue: د.ك3.12m (down 1.9% from 3Q 2022). Net loss: د.ك342.2k (loss narrowed 83% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Aug 08
Second quarter 2023 earnings released: EPS: د.ك0.006 (vs د.ك0.015 loss in 2Q 2022) Second quarter 2023 results: EPS: د.ك0.006 (up from د.ك0.015 loss in 2Q 2022). Net income: د.ك3.02m (up د.ك11.4m from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year. Reported Earnings • May 04
First quarter 2023 earnings released: EPS: د.ك0.001 (vs د.ك0.009 in 1Q 2022) First quarter 2023 results: EPS: د.ك0.001 (down from د.ك0.009 in 1Q 2022). Revenue: د.ك6.21m (down 35% from 1Q 2022). Net income: د.ك386.6k (down 92% from 1Q 2022). Profit margin: 6.2% (down from 51% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 10
Full year 2022 earnings released: EPS: د.ك0.001 (vs د.ك0.049 in FY 2021) Full year 2022 results: EPS: د.ك0.001 (down from د.ك0.049 in FY 2021). Revenue: د.ك19.5m (down 52% from FY 2021). Net income: د.ك601.6k (down 98% from FY 2021). Profit margin: 3.1% (down from 65% in FY 2021). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 1 highly experienced director. 1 independent director (7 non-independent directors). Independent Director Faleh Abdullah Al-Raqabah was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 11
Third quarter 2022 earnings released: د.ك0.004 loss per share (vs د.ك0.009 profit in 3Q 2021) Third quarter 2022 results: د.ك0.004 loss per share (down from د.ك0.009 profit in 3Q 2021). Revenue: د.ك3.33m (down 62% from 3Q 2021). Net loss: د.ك2.01m (down 142% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 11
Second quarter 2022 earnings released: د.ك0.015 loss per share (vs د.ك0.019 profit in 2Q 2021) Second quarter 2022 results: د.ك0.015 loss per share (down from د.ك0.019 profit in 2Q 2021). Revenue: -د.ك5.10m (down 137% from 2Q 2021). Net loss: د.ك8.42m (down 182% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 13
First quarter 2022 earnings released: EPS: د.ك0.009 (vs د.ك0.006 in 1Q 2021) First quarter 2022 results: EPS: د.ك0.009 (up from د.ك0.006 in 1Q 2021). Revenue: د.ك9.61m (up 37% from 1Q 2021). Net income: د.ك4.88m (up 38% from 1Q 2021). Profit margin: 51% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has increased by 42% 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 • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 1 highly experienced director. 1 independent director (7 non-independent directors). Independent Director Faleh Abdullah Al-Raqabah was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Mar 30
Upcoming dividend of د.ك0.025 per share Eligible shareholders must have bought the stock before 06 April 2022. Payment date: 17 April 2022. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 8.7%. Within top quartile of Kuwaiti dividend payers (5.3%). Higher than average of industry peers (3.8%). Reported Earnings • Feb 15
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: د.ك0.049 (up from د.ك0.01 loss in FY 2020). Revenue: د.ك42.2m (up 264% from FY 2020). Net income: د.ك26.8m (up د.ك32.3m from FY 2020). Profit margin: 63% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 32% per year. Reported Earnings • Nov 03
Third quarter 2021 earnings released: EPS د.ك0.009 (vs د.ك0.01 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: د.ك8.79m (up 1.3% from 3Q 2020). Net income: د.ك4.82m (down 11% from 3Q 2020). Profit margin: 55% (down from 62% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 14
Second quarter 2021 earnings released: EPS د.ك0.019 (vs د.ك0.018 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: د.ك15.1m (up 13% from 2Q 2020). Net income: د.ك10.2m (up 3.8% from 2Q 2020). Profit margin: 68% (down from 74% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Reported Earnings • Feb 24
Full year 2020 earnings released: د.ك0.01 loss per share (vs د.ك0.032 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: د.ك11.6m (down 66% from FY 2019). Net loss: د.ك5.57m (down 132% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 74% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. 