Ajial Real Estate Entertainment Company K.S.C.P. (KWSE:AREEC)

KWSE:AREEC Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	5.97	4.78	2.21	1.33	0.87
Gain (Loss) on Sale of Investments (Rev)	0.26	0.13	-0.22	0.33	-0.08
Other Revenue	5.65	4.6	2.62	3.34	3.05
Total Revenue	12.13	9.75	4.61	5.07	3.91
Revenue Growth (YoY	24.41%	111.49%	-9.16%	29.72%	-6.90%
Property Expenses	2.66	2.16	0.61	0.34	0.27
Selling, General & Administrative	1.17	1.1	1.15	1.12	0.8
Other Operating Expenses	0.16	0.12	0.06	0.1	0.04
Total Operating Expenses	4.23	3.52	1.82	1.65	1.15
Operating Income	7.9	6.23	2.79	3.42	2.76
Interest Expense	-1.62	-1.69	-0.78	-0.43	-0.47
Other Non-Operating Income	0.01	-0.01	0.03	0.04	0.17
EBT Excluding Unusual Items	6.29	4.53	2.04	3.03	2.47
Asset Writedown	-0.35	-0.05	1.96	0.33	-1.09
Total Legal Settlements	-	-	-	0.82	-
Pretax Income	5.94	4.49	4	4.17	1.38
Income Tax Expense	0.03	0.02	-	0.01	-
Net Income	5.91	4.47	4	4.17	1.38
Net Income to Common	5.91	4.47	4	4.17	1.38
Net Income Growth	32.19%	11.64%	-3.91%	202.87%	-31.26%
Basic Shares Outstanding	209	209	209	209	209
Diluted Shares Outstanding	209	209	209	209	209
Shares Change (YoY)	-	-	0.00%	-	-
EPS (Basic)	0.03	0.02	0.02	0.02	0.01
EPS (Diluted)	0.03	0.02	0.02	0.02	0.01
EPS Growth	32.19%	11.64%	-3.91%	202.89%	-31.26%
Dividend Per Share	0.020	0.010	0.005	0.005	-
Dividend Growth	106.19%	106.38%	2.17%	-	-
Operating Margin	65.10%	63.94%	60.52%	67.39%	70.58%
Profit Margin	48.73%	45.86%	86.87%	82.13%	35.17%
Free Cash Flow Margin	33.28%	21.17%	32.10%	30.53%	10.84%
EBITDA	8.12	6.39	2.87	3.51	2.85
EBITDA Margin	66.91%	65.56%	62.20%	69.26%	72.87%
D&A For Ebitda	0.22	0.16	0.08	0.09	0.09
EBIT	7.9	6.23	2.79	3.42	2.76
EBIT Margin	65.10%	63.94%	60.52%	67.39%	70.58%
Effective Tax Rate	0.52%	0.34%	-	0.14%	-

Source: S&P Capital IQ. Real Estate template. Financial Sources.