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

Kuwait · Delayed Price · Currency is KWD

0.2290

+0.0160 (7.51%)

At close: Oct 22, 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	Mar '26 Mar 31, 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	27.04	26.84	23.37	22.09	15.94	4.24
Revenue Growth	10.85%	14.84%	5.78%	38.60%	275.61%	-
Gross Profit	15.51	15.06	11.64	10.64	6.71	-1.27
Operating Income	13.14	12.74	10.02	9.74	3.82	-4.68
Net Income	12.61	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	85.36%	107.09%	-53.86%	960.96%	-	-

Revenue by Geography

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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
Kuwait	0.6	0.65	0.73	0.52	0.98	0.56
Kingdom of Saudi Arabia (KSA)	23.14	22.59	20.89	19.46	14.19	6.09
Other	0	0.02	0.04	0	0.06	0.01
Total	23.75	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	Mar '26 Mar 31, 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	4.42	4.87	7.09	6.4	8.01	3.6
Total Debt	41.71	41.45	46.83	51.84	61.55	62.39
Net Cash (Debt)	-37.28	-36.58	-39.74	-45.45	-53.54	-58.79
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.12	-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	Mar '26 Mar 31, 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	5.99	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	5.98	6.66	6.65	-1.5	7.68	2.63
Free Cash Flow Growth	56.91%	0.26%	-	-	192.55%	909.78%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	57.36%	56.12%	49.80%	48.14%	42.09%	-29.87%
Operating Margin	48.60%	47.46%	42.88%	44.06%	23.94%	-110.20%
Pretax Margin	53.93%	51.75%	29.87%	69.25%	12.19%	-343.51%
Profit Margin	46.65%	45.55%	25.26%	57.91%	7.57%	-254.64%
FCF Margin	22.12%	24.83%	28.44%	-6.78%	48.19%	61.87%

Dividends

Fiscal Year	Current	FY 2025
Period Ending	Oct '26 Oct 23, 2026	Dec '25 Dec 31, 2025
Dividend Per Share	0.005	0.005
Dividend Per Share Growth	0%	-
Dividend Yield	2.18%	2.04%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 23, 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	5.85	6.45	6.60	3.85	16.29	-
P/FCF Ratio	12.33	11.84	5.86	-	2.56	8.77
PS Ratio	2.73	2.94	1.67	2.23	1.23	5.43