KWSE:KRE 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	39.42	34.86	28.9	27.62	21.43
Gain (Loss) on Sale of Investments (Rev)	3.18	2.41	0.61	-0.2	-0.38
Other Revenue	5.12	-1.54	0.79	3.92	0.85
Total Revenue	48.15	36.11	30.66	31.76	22.15
Revenue Growth (YoY	33.34%	17.76%	-3.46%	43.39%	-2.13%
Property Expenses	15.1	12.27	8.19	7.64	3.4
Selling, General & Administrative	5.14	3.56	3.03	2.9	2.16
Other Operating Expenses	0.36	0.69	-	0.09	-0.34
Total Operating Expenses	21.26	16.52	11.36	11.56	7.53
Operating Income	26.89	19.59	19.3	20.2	14.62
Interest Expense	-12.58	-12.78	-10.78	-8.03	-5.22
Other Non-Operating Income	-	-0.11	-0.14	-0.2	-0.23
EBT Excluding Unusual Items	14.31	6.7	8.38	11.96	9.18
Gain (Loss) on Sale of Assets	-	-	10.96	-0.02	1.73
Asset Writedown	-0.29	9.53	-6.44	-4.3	-3.66
Other Unusual Items	10.12	-	-	-	-
Pretax Income	24.14	16.23	12.89	7.65	7.25
Income Tax Expense	0.79	0.74	0.63	0.11	0.12
Earnings From Continuing Operations	23.35	15.49	12.26	7.54	7.13
Minority Interest in Earnings	-8.27	-2.07	-0.97	-0.27	-0.88
Net Income	15.07	13.41	11.29	7.27	6.25
Net Income to Common	15.07	13.41	11.29	7.27	6.25
Net Income Growth	12.36%	18.85%	55.30%	16.27%	75.21%
Basic Shares Outstanding	1,203	1,028	1,033	1,031	1,015
Diluted Shares Outstanding	1,203	1,028	1,033	1,031	1,015
Shares Change (YoY)	17.08%	-0.55%	0.22%	1.60%	3.79%
EPS (Basic)	0.01	0.01	0.01	0.01	0.01
EPS (Diluted)	0.01	0.01	0.01	0.01	0.01
EPS Growth	-4.02%	19.50%	54.97%	14.44%	68.81%
Dividend Per Share	-	-	0.004	0.003	0.003
Dividend Growth	-	-	33.33%	-	-
Operating Margin	55.85%	54.25%	62.94%	63.59%	66.00%
Profit Margin	31.31%	37.15%	36.81%	22.88%	28.22%
EBITDA	27.66	20.34	19.53	20.23	14.67
EBITDA Margin	57.44%	56.32%	63.69%	63.69%	66.21%
D&A For Ebitda	0.77	0.75	0.23	0.03	0.05
EBIT	26.89	19.59	19.3	20.2	14.62
EBIT Margin	55.85%	54.25%	62.94%	63.59%	66.00%
Effective Tax Rate	3.29%	4.59%	4.92%	1.41%	1.61%

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