Munshaat Real Estate Projects Company K.S.C.P. (KWSE:MUNSHAAT)

Kuwait · Delayed Price · Currency is KWD

0.2130

-0.0020 (-0.93%)

At close: Nov 12, 2026

KWSE:MUNSHAAT Financials Overview

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

Millions KWD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Revenue	29.85	26.84	23.37	22.09	15.94	4.24
Revenue Growth	29.77%	14.84%	5.78%	38.60%	275.61%	-
Gross Profit	16.64	15.06	11.64	10.64	6.71	-1.27
Operating Income	15.92	12.74	10.02	9.74	3.82	-4.68
Net Income	13.42	12.22	5.9	12.79	1.21	-10.81
Earnings Per Share	0.04	0.04	0.02	0.04	0.00	-0.03
EPS Growth	64.28%	107.09%	-53.86%	960.96%	-	-

Revenue by Geography

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
Kuwait	0.65	0.73	0.52	0.98	0.56
Kingdom of Saudi Arabia (KSA)	22.59	20.89	19.46	14.19	6.09
Other	0.02	0.04	0	0.06	0.01
Total	23.25	21.66	19.98	15.22	6.66

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Cash & Investments	5.07	4.87	7.09	6.4	8.01	3.6
Total Debt	40.82	41.45	46.83	51.84	61.55	62.39
Net Cash (Debt)	-35.75	-36.58	-39.74	-45.45	-53.54	-58.79
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.11	-0.11	-0.12	-0.14	-0.17	-0.18

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Operating Cash Flow	9.8	6.67	6.66	-1.48	7.73	2.67
Capital Expenditures	-0	-0	-0.01	-0.02	-0.05	-0.04
Free Cash Flow	9.8	6.66	6.65	-1.5	7.68	2.63
Free Cash Flow Growth	89.13%	0.26%	-	-	192.55%	909.78%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Gross Margin	55.75%	56.12%	49.80%	48.14%	42.09%	-29.87%
Operating Margin	53.33%	47.46%	42.88%	44.06%	23.94%	-110.20%
Pretax Margin	52.62%	51.75%	29.87%	69.25%	12.19%	-343.51%
Profit Margin	44.95%	45.55%	25.26%	57.91%	7.57%	-254.64%
FCF Margin	32.82%	24.83%	28.44%	-6.78%	48.19%	61.87%

Dividends

Fiscal Year	Current	FY 2025
Period Ending	Nov '26 Nov 14, 2026	Dec '25 Dec 31, 2025
Dividend Per Share	0.005	0.005
Dividend Per Share Growth	0%	-
Dividend Yield	2.35%	2.04%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 14, 2026	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
PE Ratio	5.11	6.45	6.60	3.85	16.29	-
P/FCF Ratio	7.00	11.84	5.86	-	2.56	8.77
PS Ratio	2.30	2.94	1.67	2.23	1.23	5.43