Mabanee Company K.P.S.C. 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	138.69	132.83	130.3	113.22	100.51
Other Revenue	-	0.79	0.24	0.67	0.16
Total Revenue	138.69	133.62	130.54	113.9	100.67
Revenue Growth (YoY	3.79%	2.36%	14.61%	13.13%	53.10%
Property Expenses	41.09	37.87	34.87	28	23.51
Selling, General & Administrative	12.72	7.52	5.22	5.61	3.55
Depreciation & Amortization	15.48	15.68	16.63	14.09	12.81
Other Operating Expenses	-	1.78	1.74	1.63	1.46
Total Operating Expenses	69.29	62.85	58.46	49.33	41.34
Operating Income	69.4	70.76	72.08	64.57	59.33
Interest Expense	-7.95	-13.42	-12	-6.71	-5.12
Interest & Investment Income	-	-	-	-	0.01
Income (Loss) on Equity Investments	0.78	-	-	-	-
Other Non-Operating Income	4.24	8.18	5.43	3.67	1.74
EBT Excluding Unusual Items	66.47	65.52	65.51	61.53	55.96
Gain (Loss) on Sale of Assets	21.56	-	-	-	-
Pretax Income	88.02	65.52	65.51	61.53	55.96
Income Tax Expense	4.13	0.71	0.69	0.65	0.59
Earnings From Continuing Operations	83.9	64.81	64.81	60.87	55.38
Minority Interest in Earnings	0.67	0.4	0.18	0.21	0.03
Net Income	84.56	65.21	64.99	61.08	55.41
Net Income to Common	84.56	65.21	64.99	61.08	55.41
Net Income Growth	29.67%	0.34%	6.40%	10.24%	154.51%
Basic Shares Outstanding	1,479	1,479	1,479	1,479	1,479
Diluted Shares Outstanding	1,479	1,479	1,479	1,479	1,479
Shares Change (YoY)	0.01%	-0.00%	-0.01%	-0.00%	0.04%
EPS (Basic)	0.06	0.04	0.04	0.04	0.04
EPS (Diluted)	0.06	0.04	0.04	0.04	0.04
EPS Growth	29.66%	0.35%	6.41%	10.24%	154.41%
Dividend Per Share	-	0.013	0.013	0.012	0.011
Dividend Growth	-	5.60%	5.93%	6.31%	146.67%
Operating Margin	50.04%	52.96%	55.22%	56.69%	58.93%
Profit Margin	60.97%	48.80%	49.79%	53.63%	55.03%
EBITDA	86.06	87.54	89.62	79.64	73.03
EBITDA Margin	62.05%	65.51%	68.65%	69.93%	72.54%
D&A For Ebitda	16.66	16.77	17.54	15.08	13.7
EBIT	69.4	70.76	72.08	64.57	59.33
EBIT Margin	50.04%	52.96%	55.22%	56.69%	58.93%
Effective Tax Rate	4.69%	1.09%	1.06%	1.06%	1.05%
Revenue as Reported	138.69	132.83	130.3	113.22	100.51

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.