KWSE:MAZAYA Income Statement

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

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	11.51	12.37	12.61	11.59	9.56	8.58
Property Management Fees	0.08	0.09	0.25	0.3	0.28	0.23
Other Revenue	0.15	0.52	3.07	3.82	3.4	9.43
Total Revenue	11.73	12.98	15.93	15.72	13.24	18.24
Revenue Growth (YoY	-17.43%	-18.48%	1.34%	18.70%	-27.41%	-35.99%
Property Expenses	2.53	3.31	4.92	5.75	4.74	11.73
Selling, General & Administrative	2.81	2.71	4.04	3.46	3.49	3.67
Depreciation & Amortization	0.04	0.05	0.21	0.18	0.09	-
Total Operating Expenses	5.38	6.07	9.17	9.39	8.31	15.4
Operating Income	6.36	6.92	6.75	6.33	4.93	2.84
Interest Expense	-4.54	-5.35	-7.53	-5.67	-4.72	-5.61
Other Non-Operating Income	-0.2	-0.93	-0.71	-1	0.45	-0.01
EBT Excluding Unusual Items	1.62	0.63	-1.48	-0.34	0.66	-2.78
Impairment of Goodwill	-	-	-2.25	-	-	-
Gain (Loss) on Sale of Investments	0.02	0.13	-0.03	-0.08	-0.04	0.27
Gain (Loss) on Sale of Assets	0.29	0.94	3.58	-0.25	-0.48	-0.84
Asset Writedown	0.14	0.15	-3.2	-10.06	-1.55	-3.64
Total Legal Settlements	-1.16	-1.16	-0.5	-0.7	1.84	-1.24
Other Unusual Items	-	1.13	0.4	-	-	-
Pretax Income	0.92	1.83	-3.49	-11.43	0.43	-8.24
Income Tax Expense	0.08	0.41	-	-	-	-
Earnings From Continuing Operations	0.84	1.41	-3.49	-11.43	0.43	-8.24
Earnings From Discontinued Operations	-	-	-22.59	-1.92	0.36	-0.21
Net Income to Company	0.84	1.41	-26.08	-13.36	0.78	-8.45
Minority Interest in Earnings	0	-0.2	-0.43	0.37	-0.31	-0.03
Net Income	0.84	1.22	-26.51	-12.99	0.47	-8.48
Net Income to Common	0.84	1.22	-26.51	-12.99	0.47	-8.48
Basic Shares Outstanding	498	494	459	485	485	484
Diluted Shares Outstanding	498	494	459	485	485	484
Shares Change (YoY)	5.93%	7.55%	-5.30%	0.01%	0.22%	0.14%
EPS (Basic)	0.00	0.00	-0.06	-0.03	0.00	-0.02
EPS (Diluted)	0.00	0.00	-0.06	-0.03	0.00	-0.02
Operating Margin	54.19%	53.26%	42.40%	40.28%	37.21%	15.56%
Profit Margin	7.17%	9.37%	-166.42%	-82.63%	3.57%	-46.47%
EBITDA	6.4	6.96	6.92	6.52	5.08	3
EBITDA Margin	54.55%	53.63%	43.47%	41.48%	38.35%	16.45%
D&A For Ebitda	0.04	0.05	0.17	0.19	0.15	0.16
EBIT	6.36	6.92	6.75	6.33	4.93	2.84
EBIT Margin	54.19%	53.26%	42.40%	40.28%	37.21%	15.56%
Effective Tax Rate	8.52%	22.69%	-	-	-	-
Revenue as Reported	11.96	13.26	15.92	15.69	13.24	18.71

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.