KWSE:KRE Income Statement

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

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	38.25	34.86	28.9	27.62	21.43	21.9
Gain (Loss) on Sale of Assets (Rev)	10.12	-	-	-	-	-
Gain (Loss) on Sale of Investments (Rev)	3.69	2.41	0.61	-0.2	-0.38	-0.52
Other Revenue	-1.4	-1.54	0.79	3.92	0.85	0.84
Total Revenue	51.1	36.11	30.66	31.76	22.15	22.63
Revenue Growth (YoY	39.48%	17.76%	-3.46%	43.39%	-2.13%	-9.23%
Property Expenses	14.58	12.27	8.19	7.64	3.4	2.95
Selling, General & Administrative	3.95	3.56	3.03	2.9	2.16	1.99
Other Operating Expenses	0.63	0.69	-	0.09	-0.34	0.09
Total Operating Expenses	19.17	16.52	11.36	11.56	7.53	6.06
Operating Income	31.94	19.59	19.3	20.2	14.62	16.57
Interest Expense	-12.11	-12.78	-10.78	-8.03	-5.22	-6.17
Other Non-Operating Income	-0.17	-0.11	-0.14	-0.2	-0.23	-
EBT Excluding Unusual Items	19.66	6.7	8.38	11.96	9.18	10.4
Gain (Loss) on Sale of Assets	-0.1	-	10.96	-0.02	1.73	0.35
Asset Writedown	-1.67	9.53	-6.44	-4.3	-3.66	-6.78
Other Unusual Items	2.18	-	-	-	-	-
Pretax Income	20.07	16.23	12.89	7.65	7.25	3.97
Income Tax Expense	0.74	0.74	0.63	0.11	0.12	0.06
Earnings From Continuing Operations	19.33	15.49	12.26	7.54	7.13	3.91
Minority Interest in Earnings	-6.8	-2.07	-0.97	-0.27	-0.88	-0.34
Net Income	12.52	13.41	11.29	7.27	6.25	3.57
Net Income to Common	12.52	13.41	11.29	7.27	6.25	3.57
Net Income Growth	0.99%	18.85%	55.30%	16.27%	75.21%	-49.36%
Basic Shares Outstanding	1,035	1,028	1,033	1,031	1,015	978
Diluted Shares Outstanding	1,035	1,028	1,033	1,031	1,015	978
Shares Change (YoY)	0.29%	-0.55%	0.22%	1.60%	3.79%	2.08%
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	0.70%	19.50%	54.97%	14.44%	68.81%	-50.40%
Dividend Per Share	-	-	0.004	0.003	0.003	-
Dividend Growth	-	-	33.33%	-	-	-
Operating Margin	62.49%	54.25%	62.94%	63.59%	66.00%	73.23%
Profit Margin	24.51%	37.15%	36.81%	22.88%	28.22%	15.76%
EBITDA	33.05	20.34	19.53	20.23	14.67	16.71
EBITDA Margin	64.67%	56.32%	63.69%	63.69%	66.21%	73.82%
D&A For Ebitda	1.11	0.75	0.23	0.03	0.05	0.13
EBIT	31.94	19.59	19.3	20.2	14.62	16.57
EBIT Margin	62.49%	54.25%	62.94%	63.59%	66.00%	73.23%
Effective Tax Rate	3.71%	4.59%	4.92%	1.41%	1.61%	1.53%

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