KWSE:AAYANRE Income Statement

Financials in millions KWD. Fiscal year is January - December.

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	5.09	4.9	4.5	4.25	3.48
Property Management Fees	0.6	0.45	0.28	0.46	0.2
Gain (Loss) on Sale of Assets (Rev)	-0.08	-0.02	-0.02	0.16	-0.02
Gain (Loss) on Sale of Investments (Rev)	0.4	0.17	1.83	-0	-0.01
Other Revenue	1.71	1.22	0.82	0.19	-1.31
Total Revenue	7.87	6.86	7.51	5.28	2.53
Revenue Growth (YoY	14.66%	-8.56%	42.26%	108.52%	-
Property Expenses	-	-0	-0	-0.01	0
Selling, General & Administrative	0.86	0.54	0.6	0.6	0.37
Other Operating Expenses	1.65	1.72	1.92	1.51	1.36
Total Operating Expenses	2.52	2.21	2.68	2.13	1.72
Operating Income	5.35	4.66	4.83	3.15	0.81
Interest Expense	-0.89	-0.77	-0.69	-0.69	-0.74
Currency Exchange Gain (Loss)	-0.04	0.02	-	-	-
Other Non-Operating Income	-0.02	-0.02	-0.02	-0.02	-0.01
EBT Excluding Unusual Items	4.4	3.89	4.12	2.43	0.07
Gain (Loss) on Sale of Assets	-	-	-	1.35	-
Asset Writedown	-0.01	0.13	-0.34	-0.02	-0.03
Pretax Income	4.39	4.02	3.78	3.76	0.04
Income Tax Expense	0.16	0.09	0.1	0.1	0.01
Earnings From Continuing Operations	4.24	3.92	3.68	3.66	0.03
Minority Interest in Earnings	-0.84	-1.01	-0.93	-1.02	-0.8
Net Income	3.4	2.91	2.75	2.64	-0.77
Net Income to Common	3.4	2.91	2.75	2.64	-0.77
Net Income Growth	16.80%	5.73%	4.07%	-	-
Basic Shares Outstanding	416	415	416	416	413
Diluted Shares Outstanding	416	415	416	416	413
Shares Change (YoY)	0.08%	-0.08%	0.02%	0.50%	3.08%
EPS (Basic)	0.01	0.01	0.01	0.01	-0.00
EPS (Diluted)	0.01	0.01	0.01	0.01	-0.00
EPS Growth	16.71%	5.82%	4.06%	-	-
Dividend Per Share	0.006	0.005	0.005	0.005	-
Dividend Growth	20.00%	-	-	-	-
Operating Margin	67.96%	67.87%	64.32%	59.71%	32.09%
Profit Margin	43.19%	42.40%	36.67%	50.12%	-30.47%
EBITDA	5.41	4.74	4.92	3.21	0.85
EBITDA Margin	68.77%	69.01%	65.50%	60.82%	33.59%
D&A For Ebitda	0.06	0.08	0.09	0.06	0.04
EBIT	5.35	4.66	4.83	3.15	0.81
EBIT Margin	67.96%	67.87%	64.32%	59.71%	32.09%
Effective Tax Rate	3.55%	2.36%	2.63%	2.70%	24.24%
Revenue as Reported	-	-	7.17	6.61	2.5

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.