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	2.93	-1.54	0.79	3.92	0.85
Total Revenue	45.96	36.11	30.66	31.76	22.15
Revenue Growth (YoY	27.29%	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	24.71	19.59	19.3	20.2	14.62
Interest Expense	-12.55	-12.78	-10.78	-8.03	-5.22
Other Non-Operating Income	-0.03	-0.11	-0.14	-0.2	-0.23
EBT Excluding Unusual Items	12.13	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	12.31	-	-	-	-
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	1,190	1,033	1,031	1,015
Diluted Shares Outstanding	1,203	1,190	1,033	1,031	1,015
Shares Change (YoY)	1.16%	15.10%	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	11.08%	3.25%	54.97%	14.44%	68.81%
Dividend Per Share	-	-	0.004	0.003	0.003
Dividend Growth	-	-	33.33%	-	-
Operating Margin	53.75%	54.25%	62.94%	63.59%	66.00%
Profit Margin	32.79%	37.15%	36.81%	22.88%	28.22%
EBITDA	25.47	20.34	19.53	20.23	14.67
EBITDA Margin	55.42%	56.32%	63.69%	63.69%	66.21%
D&A For Ebitda	0.77	0.75	0.23	0.03	0.05
EBIT	24.71	19.59	19.3	20.2	14.62
EBIT Margin	53.75%	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.