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

KWSE:MUNSHAAT Financials Overview

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

Revenue & Profits

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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
Revenue Revenue Growth	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 Gross Profit Growth	15.51	15.06	11.64	10.64	6.71	-1.27
Operating Income Operating Income Growth	13.14	12.74	10.02	9.74	3.82	-4.68
Net Income Net Income Growth	12.61	12.22	5.9	12.79	1.21	-10.81
Earnings Per Share EPS Growth	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

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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
Kuwait Kuwait Growth	0.6	0.65	0.73	0.52	0.98	0.56
Kingdom of Saudi Arabia (KSA) Kingdom of Saudi Arabia (KSA) Growth	23.14	22.59	20.89	19.46	14.19	6.09
Other Other Growth	0	0.02	0.04	0	0.06	0.01
Total Total Growth	23.75	23.25	21.66	19.98	15.22	6.66

Cash & Debt

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Fiscal Year	Current	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
Cash & Investments Cash & Investments Growth	4.42	4.87	7.09	6.4	8.01	3.6
Total Debt Total Debt Growth	41.71	41.45	46.83	51.84	61.55	62.39
Net Cash (Debt) Net Cash Growth	-37.28	-36.58	-39.74	-45.45	-53.54	-58.79
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-0.12	-0.11	-0.12	-0.14	-0.17	-0.18

Cash Flow & CapEx

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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
Operating Cash Flow Operating Cash Flow Growth	5.99	6.67	6.66	-1.48	7.73	2.67
Capital Expenditures CapEx Growth	-0	-0	-0.01	-0.02	-0.05	-0.04
Free Cash Flow Free Cash Flow Growth	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

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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
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

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Fiscal Year	Current	FY 2025
Period Ending	Oct 2, 2026	Dec 31, 2025
Dividend Per Share Dividend Per Share Growth	0.005	0.005
Dividend Per Share Growth	0%	-
Dividend Yield	2212.39%	2.09%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 2, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	5.77	6.45	6.60	3.85	16.29	-
P/FCF Ratio	12.17	11.84	5.86	-	2.56	8.77
PS Ratio	2.69	2.94	1.67	2.23	1.23	5.43

Data Source: S&P Global Market Intelligence Last updated: May 10, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 1, 2026

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