Injazzat Real Estate Development Company K.P.S.C. (KWSE:INJAZZAT)

KWSE:INJAZZAT Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	2.96	2.92	3.13	2.92	2.71	2.85
Property Management Fees	0.2	0.19	0.14	0.11	0.11	0.35
Gain (Loss) on Sale of Assets (Rev)	-	1.03	0.44	3.06	1.74	-
Gain (Loss) on Sale of Investments (Rev)	1.07	1.07	0.05	-0.1	-0.08	0.63
Other Revenue	1.05	1.09	1.22	1.95	0.9	0.73
Total Revenue	6.43	7.44	6.12	8.68	6.32	5.26
Revenue Growth (YoY	-8.34%	21.54%	-29.54%	37.48%	20.13%	-21.13%
Property Expenses	1.21	1.19	1.07	1.45	1.33	1.03
Selling, General & Administrative	0.6	0.59	0.43	0.45	0.45	0.33
Depreciation & Amortization	0.14	0.14	0.15	0.19	0.17	0.17
Other Operating Expenses	0.97	0.96	0.93	0.97	0.91	0.6
Total Operating Expenses	2.92	2.88	2.59	3.05	2.86	2.13
Operating Income	3.51	4.56	3.53	5.63	3.46	3.12
Interest Expense	-1.8	-1.83	-2.06	-1.9	-1.53	-1.74
Currency Exchange Gain (Loss)	0.05	0.03	0.03	0.11	-0.04	0
Other Non-Operating Income	-0.02	-0.03	-0.02	-0.03	-0.03	-0.01
EBT Excluding Unusual Items	1.74	2.72	1.48	3.82	1.85	1.38
Gain (Loss) on Sale of Investments	-	-	-	-0.31	-	-
Asset Writedown	0.33	0.33	0.89	-0.53	1.02	-0.54
Pretax Income	2.07	3.05	2.37	2.97	2.88	0.84
Income Tax Expense	0.02	0.03	0.02	0.03	0.03	0.01
Earnings From Continuing Operations	2.05	3.02	2.35	2.94	2.85	0.83
Net Income	2.05	3.02	2.35	2.94	2.85	0.83
Net Income to Common	2.05	3.02	2.35	2.94	2.85	0.83
Net Income Growth	-37.61%	28.50%	-20.04%	3.21%	242.29%	-
Basic Shares Outstanding	338	338	338	338	331	335
Diluted Shares Outstanding	338	338	338	338	331	335
Shares Change (YoY)	-0.04%	-	-0.03%	2.23%	-1.11%	-0.37%
EPS (Basic)	0.01	0.01	0.01	0.01	0.01	0.00
EPS (Diluted)	0.01	0.01	0.01	0.01	0.01	0.00
EPS Growth	-37.59%	28.50%	-20.03%	0.97%	246.19%	-
Dividend Per Share	0.005	0.005	0.005	0.005	0.005	-
Operating Margin	54.64%	61.27%	57.74%	64.82%	54.72%	59.41%
Profit Margin	31.83%	40.58%	38.39%	33.83%	45.06%	15.81%
EBITDA	3.52	4.56	3.57	5.67	3.5	3.17
EBITDA Margin	54.76%	61.38%	58.38%	65.35%	55.43%	60.26%
D&A For Ebitda	0.01	0.01	0.04	0.05	0.05	0.05
EBIT	3.51	4.56	3.53	5.63	3.46	3.12
EBIT Margin	54.64%	61.27%	57.74%	64.82%	54.72%	59.41%
Effective Tax Rate	1.13%	1.09%	0.90%	1.10%	1.09%	1.10%
Revenue as Reported	6.81	7.79	7.04	8.26	7.3	4.72

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