Kuwait Real Estate Company K.P.S.C. (KWSE:KRE)

KWSE:KRE 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	38.24	34.86	28.9	27.62	21.43	21.9
Gain (Loss) on Sale of Investments (Rev)	2.37	2.41	0.61	-0.2	-0.38	-0.52
Other Revenue	-1.48	-1.54	0.79	3.92	0.85	0.84
Total Revenue	39.59	36.11	30.66	31.76	22.15	22.63
Revenue Growth (YoY	14.87%	17.76%	-3.46%	43.39%	-2.13%	-9.23%
Property Expenses	12.63	12.27	8.19	7.64	3.4	2.95
Selling, General & Administrative	2.67	3.56	3.03	2.9	2.16	1.99
Other Operating Expenses	0.69	0.69	-	0.09	-0.34	0.09
Total Operating Expenses	15.99	16.52	11.36	11.56	7.53	6.06
Operating Income	23.6	19.59	19.3	20.2	14.62	16.57
Interest Expense	-12.63	-12.78	-10.78	-8.03	-5.22	-6.17
Other Non-Operating Income	-0.11	-0.11	-0.14	-0.2	-0.23	-
EBT Excluding Unusual Items	10.86	6.7	8.38	11.96	9.18	10.4
Gain (Loss) on Sale of Assets	-	-	10.96	-0.02	1.73	0.35
Asset Writedown	-1.78	9.53	-6.44	-4.3	-3.66	-6.78
Other Unusual Items	2.41	-	-	-	-	-
Pretax Income	11.49	16.23	12.89	7.65	7.25	3.97
Income Tax Expense	0.76	0.74	0.63	0.11	0.12	0.06
Earnings From Continuing Operations	10.73	15.49	12.26	7.54	7.13	3.91
Minority Interest in Earnings	-2.19	-2.07	-0.97	-0.27	-0.88	-0.34
Net Income	8.54	13.41	11.29	7.27	6.25	3.57
Net Income to Common	8.54	13.41	11.29	7.27	6.25	3.57
Net Income Growth	-37.20%	18.85%	55.30%	16.27%	75.21%	-49.36%
Basic Shares Outstanding	973	970	975	973	958	923
Diluted Shares Outstanding	973	970	975	973	958	923
Shares Change (YoY)	-3.15%	-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	-35.15%	19.51%	54.97%	14.43%	68.81%	-50.40%
Dividend Per Share	-	-	0.004	0.003	0.003	-
Dividend Growth	-	-	35.71%	-	-	-
Operating Margin	59.61%	54.25%	62.94%	63.59%	66.00%	73.23%
Profit Margin	21.57%	37.15%	36.81%	22.88%	28.22%	15.76%
EBITDA	24.48	20.34	19.53	20.23	14.67	16.71
EBITDA Margin	61.84%	56.32%	63.69%	63.69%	66.21%	73.82%
D&A For Ebitda	0.88	0.75	0.23	0.03	0.05	0.13
EBIT	23.6	19.59	19.3	20.2	14.62	16.57
EBIT Margin	59.61%	54.25%	62.94%	63.59%	66.00%	73.23%
Effective Tax Rate	6.66%	4.59%	4.92%	1.41%	1.61%	1.53%

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