Kingsway Financial Services Inc. (DE) (KFS) Financials

$9.65

$-0.31 (-3.11%)

As on 17-Jul-2026 09:30EDT

Market cap

$307 Mln

Revenue (TTM)

$156 Mln

P/E Ratio

--

P/B Ratio

21

Div. Yield

0 %

Annual
Quarterly

Income Statement ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Operating Revenue	155.53	136.72	112.53	107.66	114.69	81.41
Cost of Revenue	86.37	50.44	26.74	66.81	54.49	38.79
Gross Profit	106.94	136.72	112.53	107.66	114.69	81.41
Operating Expenses	111.16	150.73	120.79	84.00	79.73	88.04
Operating Profit (EBIT)	-4.61	-14.00	-8.26	23.65	34.96	-6.63
Other Income	--	--	--	--	--	--
Profit before Tax	-5.23	-14.00	-8.26	23.65	34.96	-6.63
Provision for Tax	0.88	-3.75	-0.15	-1.90	4.83	-3.92
Profit after Tax (Net Income)	-7.61	-10.73	-9.27	23.56	24.72	-0.34
Minority Interest	-0.41	-0.48	-0.98	-0.45	-1.47	-2.20
Consolidated Profit	-4.85	-11.92	-9.45	23.49	24.42	-0.84

Liabilities ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Shareholder's Funds	12.83	31.42	16.66	27.71	21.68	62.67
Minority Interest	-0.41	--	--	--	0.44	13.98
Non-Current Liabilities	104.82	206.06	168.31	173.11	261.80	412.96
Current Liabilities	90.68	0.03	104.55	0.50	2.16	0.29
Total Liabilities	299.00	231.50	186.62	197.72	285.65	475.63

Assets ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Non-Current Assets	148.64	137.99	104.90	135.53	80.28	386.83
Current Assets	79.19	22.15	14.85	19.34	74.63	33.35
Total Assets	307.02	242.03	186.62	197.72	285.65	475.63
Total Debt*	22.79	78.02	60.22	45.61	103.31	386.82
Net Current Assets	--	--	--	--	--	--

Cashflow ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Cash From Operating Activities	--	0.00	1.07	-26.19	-14.57	-5.91
Cash Flow from Investing Activities	--	-29.61	-16.85	6.46	100.94	-8.60
Cash from Financing Activities	--	32.75	11.44	-39.96	-37.93	-0.54
Net Cash Inflow / Outflow	--	--	--	--	48.43	-15.05

Financials Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Adjusted EPS ($)	-0.27	-0.39	-0.34	0.87	1.07	-0.02
Cash EPS ($)	--	-0.05	-0.08	1.10	1.34	0.36
Adjusted Book Value ($)	--	1.13	0.61	1.02	0.94	2.76
Dividend per Share ($)	--	--	--	--	--	--
Cash Flow per Share ($)	--	0.00	0.04	-0.97	-0.63	-0.26
Free Cash Flow per Share ($)	--	-0.06	0.01	-0.97	0.51	-0.30

Profitability Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
ROCE (%)	--	-11.52	-12.35	23.76	8.61	-0.09
ROE (%)	-36.23	-44.64	-41.79	95.39	58.61	-0.53
ROA (%)	-2.83	-5.13	-4.82	9.75	6.49	-0.07
EBIT Margin (%)	-0.77	-6.26	-3.08	27.77	37.54	-0.58
Net Margin (%)	-4.89	-7.85	-8.24	21.88	21.56	-0.42
Cash Profit Margin (%)	0.00	--	--	--	--	--

Growth Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Revenue Growth (%)	32.38	0.21	0.05	-0.06	0.41	0.19
EBIT Growth (%)	78.74	-146.54	-111.60	-30.54	9,278.89	--
Net Profit Growth (%)	32.51	-15.74	-139.36	-4.70	7,328.65	94.91
EPS Growth (%)	33.61	-0.13	-1.39	-0.18	71.86	0.95
Book Value Growth (%)	-63.82	--	--	--	--	--

Valuation Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Price / Earnings	--	-34.92	-24.50	9.66	7.44	-364.24
Price / Book Value	21.01	11.93	13.63	8.22	8.48	1.99
Dividend Yield (%)	--	--	--	--	--	--
EV/EBITDA	126.22	651.21	77.61	7.15	4.50	108.44
Close Price ($)	10.50	13.45	8.37	8.40	7.93	5.48
High Price ($)	16.80	16.80	9.58	10.60	8.60	5.80
Low Price ($)	9.80	7.06	7.60	6.25	5.05	4.07
Market Cap ($ Cr)	307.15	--	--	--	--	--

Solvency Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Debt to Equity	--	2.48	3.61	1.65	4.76	6.17
Short term debt to equity ratio	1.78	0.05	0.05	0.02	0.02	1.50
Current Ratio	0.87	790.93	0.14	38.38	34.52	113.45
Quick Ratio	0.87	--	--	--	-6.60	-19.88
Interest Coverage	0.09	-1.57	-0.72	4.78	5.32	-0.08

Operating Efficiency Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Debtors to sales (%)	9.61	10.20	9.72	11.25	12.23	25.25
Asset Turnover	0.58	0.65	0.59	0.45	0.30	0.18
Receivable days	--	33.23	37.40	44.33	55.06	91.54
Inventory Days	--	--	--	485.92	429.28	495.85
Payable days	--	--	--	310.23	-124.21	-1,691.47
Cash Conversion Cycle	--	--	--	220.03	608.56	2,278.86

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.