Page 42 - JTC-Annual Report-2025-Eng

JTC Logistics Transportation & Stevedoring Company K.S.C.P
CONSOLIDATED STATEMENT OF PROFIT OR LOSS
For the year ended December 31, 2025

(All amounts are in Kuwaiti Dinars)

Note 2025 2024

Operating revenue 16 32,500,617 28,508,613

Operating costs 17 (21,023,718) (19,357,320)
Gross profit 11,476,899 9,151,293

Changes in fair value of investment properties 8 (a) 192,340 562,032
General and administrative expenses 18 (3,895,885) (2,846,773)

Allowance for expected credit losses (charge) no
longer required 4 (b) (97,123) 272,940

Provision for legal case 24 - (514,991)

Finance charges (457,644) (427,446)
Other income 19 362,086 930,333

Profit for the year before contribution to Kuwait
Foundation for Advancement of Sciences
(KFAS), National Labor Support Tax (NLST), Zakat
and Board of Directors’ remuneration 7,580,673 7,127,388

Contribution to KFAS 20 (82,006) (62,962)
NLST 20 - (274,408)

Zakat 20 - (109,763)

Board of Directors’ remuneration 23 (46,000) (41,000)
Profit for the year 7,452,667 6,639,255

Fils Fils
Basic and diluted earnings per share attributable
to shareholders of the Parent Company 21 49.68 44.26

The accompanying notes from (1) to (28) form an integral part of the consolidated financial statements.

41 JTC LogisTiCs TransporTaTion & sTevedoring Company K.s.C.p.