KWSE:KRE Income Statement

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

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	53.77	39.42	34.86	28.9	27.62	21.43
Gain (Loss) on Sale of Investments (Rev)	1.44	3.18	2.41	0.61	-0.2	-0.38
Other Revenue	3.79	2.93	-1.54	0.79	3.92	0.85
Total Revenue	60.48	45.96	36.11	30.66	31.76	22.15
Revenue Growth (YoY	61.20%	27.29%	17.76%	-3.46%	43.39%	-2.13%
Property Expenses	24.65	15.1	12.27	8.19	7.64	3.4
Selling, General & Administrative	5.77	5.14	3.56	3.03	2.9	2.16
Other Operating Expenses	0.99	0.36	0.69	-	0.09	-0.34
Total Operating Expenses	32.07	21.26	16.52	11.36	11.56	7.53
Operating Income	28.41	24.71	19.59	19.3	20.2	14.62
Interest Expense	-12.66	-12.55	-12.78	-10.78	-8.03	-5.22
Other Non-Operating Income	-0.18	-0.03	-0.11	-0.14	-0.2	-0.23
EBT Excluding Unusual Items	15.56	12.13	6.7	8.38	11.96	9.18
Gain (Loss) on Sale of Assets	-	-	-	10.96	-0.02	1.73
Asset Writedown	1.61	-0.29	9.53	-6.44	-4.3	-3.66
Other Unusual Items	10.12	12.31	-	-	-	-
Pretax Income	27.3	24.14	16.23	12.89	7.65	7.25
Income Tax Expense	0.79	0.79	0.74	0.63	0.11	0.12
Earnings From Continuing Operations	26.51	23.35	15.49	12.26	7.54	7.13
Minority Interest in Earnings	-9.02	-8.27	-2.07	-0.97	-0.27	-0.88
Net Income	17.49	15.07	13.41	11.29	7.27	6.25
Net Income to Common	17.49	15.07	13.41	11.29	7.27	6.25
Net Income Growth	40.66%	12.36%	18.85%	55.30%	16.27%	75.21%
Basic Shares Outstanding	1,246	1,203	1,190	1,033	1,031	1,015
Diluted Shares Outstanding	1,246	1,203	1,190	1,033	1,031	1,015
Shares Change (YoY)	4.56%	1.16%	15.10%	0.22%	1.60%	3.79%
EPS (Basic)	0.01	0.01	0.01	0.01	0.01	0.01
EPS (Diluted)	0.01	0.01	0.01	0.01	0.01	0.01
EPS Growth	34.53%	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	46.98%	53.75%	54.25%	62.94%	63.59%	66.00%
Profit Margin	28.92%	32.79%	37.15%	36.81%	22.88%	28.22%
EBITDA	29.09	25.47	20.34	19.53	20.23	14.67
EBITDA Margin	48.11%	55.42%	56.32%	63.69%	63.69%	66.21%
D&A For Ebitda	0.69	0.77	0.75	0.23	0.03	0.05
EBIT	28.41	24.71	19.59	19.3	20.2	14.62
EBIT Margin	46.98%	53.75%	54.25%	62.94%	63.59%	66.00%
Effective Tax Rate	2.91%	3.29%	4.59%	4.92%	1.41%	1.61%

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