Company: WKC
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000789460-25-000030
Chunk: 24

Company: WORLD KINECT CORP
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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.5)(91.0)Total World Kinect shareholders' equity1,617.9 1,948.7 Noncontrolling interest8.6 7.2 Total equity1,626.5 1,955.9 Total liabilities and equity$6,060.4 $6,731.8 

The accompanying Notes are an integral part of these unaudited Condensed Consolidated Financial Statements.1

WORLD KINECT CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND

COMPREHENSIVE INCOME

(Unaudited – In millions, except per share data)

 For the Three Months Ended September 30,For the Nine Months Ended September 30, 2025202420252024Revenue$9,391.8 $10,490.9 $27,887.6 $32,407.5 Cost of revenue9,142.2 10,222.8 27,175.2 31,640.0 Gross profit249.6 268.1 712.4 767.5 Operating expenses:    Compensation and employee benefits112.4 122.9 323.0 357.7 General and administrative69.5 71.8 209.2 219.7 Goodwill and other asset impairments— 1.2 443.1 3.6 Restructuring charges4.9 — 25.9 5.7 Total operating expenses186.8 195.8 1,001.2 586.7 Income (loss) from operations62.9 72.3 (288.8)180.7 Non-operating income (expenses), net:    Interest expense and other financing costs, net(25.9)(24.0)(74.4)(80.4)Other income (expense), net1.8 1.3 (74.8)96.4 Total non-operating income (expense), net(24.0)(22.6)(149.2)16.0 Income (loss) before income taxes38.8 49.6 (438.0)196.7 Provision for income taxes10.7 14.6 (105.8)27.6 Net income (loss) including noncontrolling interest28.1 35.0 (332.