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

KWSE:MUNSHAAT Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	5.07	4.87	7.09	6.4	8.01	3.6
Cash & Short-Term Investments	5.07	4.87	7.09	6.4	8.01	3.6
Cash Growth	-13.67%	-31.38%	10.85%	-20.18%	122.40%	9.19%
Accounts Receivable	19.95	7.59	7.64	4.75	0.35	0.46
Other Receivables	0.72	1.63	0.87	0.42	2.11	1.02
Receivables	20.67	9.23	8.51	5.17	2.47	1.49
Inventory	0.44	0.44	0.38	0.94	1	1.07
Prepaid Expenses	-	0.02	0.02	0.02	0.01	0.01
Total Current Assets	26.19	14.55	16	12.52	11.5	6.17
Property, Plant & Equipment	38.67	40.25	42.36	44.16	44.74	46.57
Long-Term Investments	14.27	17.72	14.66	17.46	19.47	19.43
Other Long-Term Assets	11.46	11.65	12	12.11	14.7	15.03
Total Assets	90.59	84.17	85.01	86.24	90.4	87.22

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	8.15	-	7.12	5.95	24.83	21.85
Accrued Expenses	-	2	-	-	-	-
Current Portion of Long-Term Debt	4.74	4.74	4.74	4.74	9.25	12.32
Current Portion of Leases	1.31	1.34	1.35	1.31	1.35	1.01
Current Income Taxes Payable	-	2.05	6.59	6.6	-	-
Current Unearned Revenue	-	1.18	-	-	-	-
Other Current Liabilities	-	4.26	-	-	-	-
Total Current Liabilities	14.2	15.57	19.79	18.6	35.43	35.19
Long-Term Debt	23.25	23.25	27.99	32.72	37.46	35.54
Long-Term Leases	11.52	12.13	12.76	13.07	13.5	13.52
Pension & Post-Retirement Benefits	0.9	0.83	0.76	0.72	0.66	0.6
Other Long-Term Liabilities	-	-	4.66	7.82	5.04	4.98
Total Liabilities	49.87	51.78	65.96	72.95	92.08	89.83

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	32.2	32.2	32.2	32.2	32.2	32.2
Retained Earnings	19.1	11.95	-0.17	-6.07	-18.86	-20.07
Comprehensive Income & Other	-2.55	-2.44	-2.81	-2.65	-2.84	-2.54
Total Common Equity	48.75	41.71	29.23	23.48	10.5	9.59
Minority Interest	-8.03	-9.33	-10.18	-10.19	-12.18	-12.2
Shareholders' Equity	40.72	32.38	19.05	13.3	-1.68	-2.61
Total Liabilities & Equity	90.59	84.17	85.01	86.24	90.4	87.22

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
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
Filing Date Shares Outstanding	321.71	322	322	322	322	322
Total Common Shares Outstanding	321.71	322	322	322	322	322
Working Capital	11.99	-1.02	-3.8	-6.08	-23.93	-29.01
Book Value Per Share	0.15	0.13	0.09	0.07	0.03	0.03
Tangible Book Value	48.75	41.71	29.23	23.48	10.5	9.59
Tangible Book Value Per Share	0.15	0.13	0.09	0.07	0.03	0.03

Data Source: S&P Global Market Intelligence Last updated: Nov 8, 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:

Nov 9, 2026

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