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 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	133.84	132.83	130.3	113.22	100.51	65.54
Other Revenue	0.79	0.79	0.24	0.67	0.16	0.22
Total Revenue	134.63	133.62	130.54	113.9	100.67	65.76
Revenue Growth (YoY	1.63%	2.36%	14.61%	13.13%	53.10%	-32.02%
Property Expenses	39.27	37.87	34.87	28	23.51	22.18
Selling, General & Administrative	10.79	7.52	5.22	5.61	3.55	4.6
Depreciation & Amortization	15.64	15.68	16.63	14.09	12.81	12.4
Other Operating Expenses	2.25	1.78	1.74	1.63	1.46	0.58
Total Operating Expenses	67.95	62.85	58.46	49.33	41.34	39.77
Operating Income	66.68	70.76	72.08	64.57	59.33	25.99
Interest Expense	-12.36	-13.42	-12	-6.71	-5.12	-5.1
Interest & Investment Income	-	-	-	-	0.01	-
Other Non-Operating Income	6.78	8.18	5.43	3.67	1.74	1.15
EBT Excluding Unusual Items	61.19	65.52	65.51	61.53	55.96	22.03
Gain (Loss) on Sale of Investments	-	-	-	-	-	-0.24
Pretax Income	82.74	65.52	65.51	61.53	55.96	21.8
Income Tax Expense	0.9	0.71	0.69	0.65	0.59	0.23
Earnings From Continuing Operations	81.84	64.81	64.81	60.87	55.38	21.57
Minority Interest in Earnings	0.52	0.4	0.18	0.21	0.03	0.2
Net Income	82.36	65.21	64.99	61.08	55.41	21.77
Net Income to Common	82.36	65.21	64.99	61.08	55.41	21.77
Net Income Growth	25.96%	0.34%	6.40%	10.24%	154.51%	-61.41%
Basic Shares Outstanding	1,479	1,479	1,479	1,479	1,479	1,478
Diluted Shares Outstanding	1,479	1,479	1,479	1,479	1,479	1,478
Shares Change (YoY)	0.02%	-0.00%	-0.01%	-0.00%	0.04%	0.20%
EPS (Basic)	0.06	0.04	0.04	0.04	0.04	0.01
EPS (Diluted)	0.06	0.04	0.04	0.04	0.04	0.01
EPS Growth	25.93%	0.35%	6.41%	10.24%	154.41%	-61.49%
Dividend Per Share	0.013	0.013	0.013	0.012	0.011	0.004
Dividend Growth	5.60%	5.60%	5.93%	6.31%	146.67%	-54.55%
Operating Margin	49.53%	52.96%	55.22%	56.69%	58.93%	39.52%
Profit Margin	61.18%	48.80%	49.79%	53.63%	55.03%	33.11%
EBITDA	83.39	87.54	89.62	79.64	73.03	39.2
EBITDA Margin	61.94%	65.51%	68.65%	69.93%	72.54%	59.61%
D&A For Ebitda	16.71	16.77	17.54	15.08	13.7	13.21
EBIT	66.68	70.76	72.08	64.57	59.33	25.99
EBIT Margin	49.53%	52.96%	55.22%	56.69%	58.93%	39.52%
Effective Tax Rate	1.09%	1.09%	1.06%	1.06%	1.05%	1.07%
Revenue as Reported	132.83	132.83	130.3	113.22	100.51	65.54

Updated Jan 28, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.