WORLD KINECT CORP

For the period ended Dec 31, 2025. Filed Feb 24, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 24, 2026

WKC$35.34-1.4%Stored close · as of Nov 10, 2026

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Contents

(iii)Consolidated Statements of Income and Comprehensive Income

CONSOLIDATED STATEMENTS OF INCOME AND

COMPREHENSIVE INCOME

(In millions, except earnings per share data)

	For the Year Ended December 31,
	2025	2024	2023
Revenue	$36,916.6	$42,168.0	$47,710.6
Cost of revenue	35,968.8	41,141.6	46,652.4
Gross profit	947.8	1,026.4	1,058.2
Operating expenses:
Compensation and employee benefits	437.4	482.5	512.3
General and administrative	282.5	297.1	308.0
Goodwill and other asset impairments	689.6	29.0	32.8
Restructuring and exit costs	103.1	7.1	7.2
Total operating expenses	1,512.5	815.7	860.2
Income from operations	(564.7)	210.6	198.0
Non-operating income (expenses), net:
Interest expense and other financing costs, net	(100.6)	(102.2)	(127.7)
Other income (expense), net	(74.3)	(12.9)	(3.6)
Total non-operating income (expense), net	(174.9)	(115.1)	(131.3)
Income (loss) before income taxes	(739.7)	95.5	66.7
Income tax expense (benefit)	(127.9)	27.6	13.0
Net income (loss) including noncontrolling interest	(611.7)	67.9	53.7
Net income (loss) attributable to noncontrolling interest	2.7	0.5	0.8
Net income (loss) attributable to World Kinect	$(614.4)	$67.4	$52.9
Basic earnings (loss) per common share	$(10.99)	$1.14	$0.86
Basic weighted average common shares	55.9	59.0	61.4
Diluted earnings (loss) per common share	$(10.99)	$1.13	$0.86
Diluted weighted average common shares	55.9	59.5	61.7
Comprehensive income:
Net income (loss) including noncontrolling interest	$(611.7)	$67.9	$53.7
Other comprehensive income (loss):
Foreign currency translation adjustments	74.6	67.4	19.9
Cash flow hedges, net of income tax expense (benefit) of ($0.3), ($3.5), and ($2.7) for 2025, 2024, and 2023, respectively	(0.9)	(9.6)	(8.1)
Total other comprehensive income (loss)	73.7	57.9	11.8
Comprehensive income (loss) including noncontrolling interest	(538.0)	125.8	65.5
Comprehensive income (loss) attributable to noncontrolling interest	2.7	0.5	0.8
Comprehensive income (loss) attributable to World Kinect	$(540.7)	$125.3	$64.7

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.