Mabanee Company K.P.S.C. (KWSE: MABANEE)

Mabanee Company K.P.S.C. Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	135.14	129.33	113.22	100.51	65.54	96.36
Other Revenue	0.44	0.24	0.67	0.16	0.22	0.37
Total Revenue	135.58	129.57	113.9	100.67	65.76	96.73
Revenue Growth (YoY	9.42%	13.76%	13.13%	53.10%	-32.02%	12.89%
Property Expenses	36.23	33.48	28	23.51	22.18	22.12
Selling, General & Administrative	6.85	6.11	5.61	3.55	4.6	2.56
Depreciation & Amortization	16.69	16.63	14.09	12.81	12.4	10.08
Other Operating Expenses	1.82	1.74	1.63	1.46	0.58	1.51
Total Operating Expenses	61.6	57.97	49.33	41.34	39.77	36.27
Operating Income	73.98	71.6	64.57	59.33	25.99	60.46
Interest Expense	-15.04	-12	-6.71	-5.12	-5.1	-4.01
Interest & Investment Income	-	-	-	0.01	-	0.32
Other Non-Operating Income	8.18	5.91	3.67	1.74	1.15	-0.04
EBT Excluding Unusual Items	67.12	65.51	61.53	55.96	22.03	56.73
Gain (Loss) on Sale of Investments	-	-	-	-	-0.24	-
Pretax Income	67.12	65.51	61.53	55.96	21.8	56.73
Income Tax Expense	0.73	0.69	0.65	0.59	0.23	0.6
Earnings From Continuing Operations	66.39	64.81	60.87	55.38	21.57	56.13
Minority Interest in Earnings	0.22	0.18	0.21	0.03	0.2	0.28
Net Income	66.61	64.99	61.08	55.41	21.77	56.41
Net Income to Common	66.61	64.99	61.08	55.41	21.77	56.41
Net Income Growth	4.99%	6.40%	10.24%	154.51%	-61.41%	7.39%
Basic Shares Outstanding	1,395	1,395	1,395	1,395	1,395	1,392
Diluted Shares Outstanding	1,395	1,395	1,395	1,395	1,395	1,392
Shares Change (YoY)	-0.01%	-0.01%	-0.00%	0.04%	0.20%	0.11%
EPS (Basic)	0.05	0.05	0.04	0.04	0.02	0.04
EPS (Diluted)	0.05	0.05	0.04	0.04	0.02	0.04
EPS Growth	5.00%	6.41%	10.24%	154.42%	-61.49%	7.27%
Dividend Per Share	0.013	0.013	0.013	0.012	0.005	0.011
Dividend Growth	5.60%	5.60%	5.93%	151.06%	-55.24%	23.53%
Operating Margin	54.57%	55.26%	56.69%	58.93%	39.52%	62.51%
Profit Margin	49.13%	50.16%	53.63%	55.03%	33.10%	58.32%
Free Cash Flow Margin	47.60%	64.50%	75.53%	83.88%	52.03%	92.16%
EBITDA	91.72	89.14	79.64	73.03	39.2	71.1
EBITDA Margin	67.65%	68.80%	69.93%	72.54%	59.61%	73.51%
D&A For Ebitda	17.74	17.54	15.08	13.7	13.21	10.64
EBIT	73.98	71.6	64.57	59.33	25.99	60.46
EBIT Margin	54.57%	55.26%	56.69%	58.93%	39.52%	62.51%
Effective Tax Rate	1.08%	1.06%	1.06%	1.05%	1.07%	1.07%
Revenue as Reported	135.14	129.33	113.22	100.51	65.54	96.36

Source: S&P Capital IQ. Real Estate template. Financial Sources.