KWSE:AQAR 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	1.13	1.05	1.02	0.97	0.86
Other Revenue	0.8	0.41	0.55	0.5	0.42
Total Revenue	3.5	2.16	2.01	1.85	0.88
Revenue Growth (YoY	62.15%	7.58%	8.65%	110.33%	-38.85%
Property Expenses	0.19	0.22	0.18	0.16	0.13
Selling, General & Administrative	0.48	0.52	0.33	0.3	0.27
Depreciation & Amortization	0.01	0.02	0.02	0.02	0.02
Other Operating Expenses	0.05	0.03	0.02	0.02	0.01
Total Operating Expenses	0.76	0.85	0.53	0.5	0.38
Operating Income	2.74	1.31	1.48	1.34	0.5
Interest Expense	-0.38	-0.42	-0.42	-0.25	-0.19
Currency Exchange Gain (Loss)	-0.09	0.05	-0.05	-0.09	-0.01
Other Non-Operating Income	-	-0.01	-0	-0	-0
EBT Excluding Unusual Items	2.28	0.94	1.01	1	0.29
Gain (Loss) on Sale of Investments	-0.1	-	-	-	-
Asset Writedown	-0.42	0.04	-0.05	-0.01	0.31
Pretax Income	1.76	0.98	0.95	0.99	0.61
Income Tax Expense	0.01	0.01	0.01	0.01	0
Earnings From Continuing Operations	1.75	0.97	0.94	0.98	0.61
Net Income to Company	1.75	0.97	0.94	0.98	0.61
Net Income	1.75	0.97	0.94	0.98	0.61
Net Income to Common	1.75	0.97	0.94	0.98	0.61
Net Income Growth	80.84%	2.67%	-3.91%	62.08%	-
Basic Shares Outstanding	224	230	233	234	216
Diluted Shares Outstanding	224	230	233	234	216
Shares Change (YoY)	-2.39%	-1.42%	-0.46%	8.11%	2.30%
EPS (Basic)	0.01	0.00	0.00	0.00	0.00
EPS (Diluted)	0.01	0.00	0.00	0.00	0.00
EPS Growth	85.29%	4.15%	-3.48%	49.96%	-
Dividend Per Share	-	0.003	0.002	0.002	0.002
Dividend Growth	-	50.00%	-	-	-
Operating Margin	78.36%	60.67%	73.61%	72.76%	56.45%
Profit Margin	49.98%	44.82%	46.96%	53.09%	68.90%
EBITDA	2.75	1.33	1.5	1.37	0.52
EBITDA Margin	78.61%	61.66%	74.68%	73.96%	58.88%
D&A For Ebitda	0.01	0.02	0.02	0.02	0.02
EBIT	2.74	1.31	1.48	1.34	0.5
EBIT Margin	78.36%	60.67%	73.61%	72.76%	56.45%
Effective Tax Rate	0.35%	1.09%	0.97%	0.95%	0.72%

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.