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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Rental Revenue	137.75	138.69	132.83	130.3	113.22	100.51
Other Revenue	0.89	0.78	0.79	0.24	0.67	0.16
Total Revenue	138.64	139.47	133.62	130.54	113.9	100.67
Revenue Growth (YoY	2.92%	4.38%	2.36%	14.61%	13.13%	53.10%
Property Expenses	39.59	41.09	37.87	34.87	28	23.51
Selling, General & Administrative	10.2	12.72	7.52	5.22	5.61	3.55
Depreciation & Amortization	15.51	15.48	15.68	16.63	14.09	12.81
Other Operating Expenses	-	-	-	1.74	1.63	1.46
Total Operating Expenses	65.3	69.29	61.07	58.46	49.33	41.34
Operating Income	73.34	70.18	72.55	72.08	64.57	59.33
Interest Expense	-6.84	-7.95	-13.42	-12	-6.71	-5.12
Interest & Investment Income	-	-	-	-	-	0.01
Other Non-Operating Income	3.81	4.24	8.86	5.43	3.67	1.74
EBT Excluding Unusual Items	70.31	66.47	67.99	65.51	61.53	55.96
Gain (Loss) on Sale of Assets	0	21.56	-	-	-	-
Pretax Income	70.31	88.02	67.99	65.51	61.53	55.96
Income Tax Expense	3.23	4.13	3.18	0.69	0.65	0.59
Earnings From Continuing Operations	67.08	83.9	64.81	64.81	60.87	55.38
Minority Interest in Earnings	0.88	0.67	0.4	0.18	0.21	0.03
Net Income	67.96	84.56	65.21	64.99	61.08	55.41
Net Income to Common	67.96	84.56	65.21	64.99	61.08	55.41
Net Income Growth	-17.48%	29.67%	0.34%	6.40%	10.24%	154.51%
Basic Shares Outstanding	1,568	1,568	1,567	1,567	1,568	1,568
Diluted Shares Outstanding	1,568	1,568	1,567	1,567	1,568	1,568
Shares Change (YoY)	0.01%	0.01%	-0.00%	-0.01%	-0.00%	0.04%
EPS (Basic)	0.04	0.05	0.04	0.04	0.04	0.04
EPS (Diluted)	0.04	0.05	0.04	0.04	0.04	0.04
EPS Growth	-17.49%	29.65%	0.35%	6.41%	10.24%	154.42%
Dividend Per Share	0.019	0.019	0.013	0.012	0.011	0.011
Dividend Growth	51.20%	51.20%	5.93%	6.31%	5.71%	150.00%
Operating Margin	52.90%	50.32%	54.30%	55.22%	56.69%	58.93%
Profit Margin	49.02%	60.63%	48.80%	49.79%	53.63%	55.03%
EBITDA	90.13	86.84	89.32	89.62	79.64	73.03
EBITDA Margin	65.01%	62.27%	66.85%	68.65%	69.93%	72.54%
D&A For Ebitda	16.79	16.66	16.77	17.54	15.08	13.7
EBIT	73.34	70.18	72.55	72.08	64.57	59.33
EBIT Margin	52.90%	50.32%	54.30%	55.22%	56.69%	58.93%
Effective Tax Rate	4.59%	4.69%	4.68%	1.06%	1.06%	1.05%
Revenue as Reported	137.75	138.69	132.83	130.3	113.22	100.51

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