KWSE:NRE 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	1.11	1.08	2.42	9.01	10.91	8.93
Other Revenue	-24.59	26.06	-8.85	34.47	254.06	21.37
Total Revenue	-23.48	27.14	-6.42	43.48	264.97	30.3
Revenue Growth (YoY	-	-	-	-83.59%	774.40%	19.75%
Property Expenses	1.16	2.03	5.68	12.83	22.94	8.05
Selling, General & Administrative	5.4	5.77	10.24	9.21	15.18	6.78
Depreciation & Amortization	0.32	0.32	0.34	0.38	0.38	0.38
Total Operating Expenses	6.96	7.85	18.98	23.65	40.38	16.27
Operating Income	-30.44	19.29	-25.41	19.83	224.59	14.03
Interest Expense	-9.66	-9.33	-9.29	-7.01	-7	-7.81
Interest & Investment Income	0.59	0.4	0.16	0.14	0.07	0.22
Other Non-Operating Income	0.17	0.38	1.19	7.09	1.5	0.99
EBT Excluding Unusual Items	-39.34	10.74	-33.35	20.05	219.17	7.44
Gain (Loss) on Sale of Investments	0.96	-0.21	-0.59	-0.77	-22.22	-2.75
Asset Writedown	-0.09	-0.09	-0.04	-0.2	-0.67	-0.2
Pretax Income	-38.46	10.44	-33.98	19.08	196.28	4.49
Income Tax Expense	0.58	0.61	0.65	0.68	0.45	-0.26
Earnings From Continuing Operations	-39.05	9.83	-34.62	18.4	195.83	4.74
Earnings From Discontinued Operations	-	-	-	-	4.32	-4.42
Net Income to Company	-39.05	9.83	-34.62	18.4	200.14	0.32
Minority Interest in Earnings	-0.49	-0.52	-0.56	-0.46	-0.52	0.12
Net Income	-39.54	9.31	-35.18	17.94	199.63	0.44
Net Income to Common	-39.54	9.31	-35.18	17.94	199.63	0.44
Net Income Growth	-	-	-	-91.01%	44951.80%	-96.13%
Basic Shares Outstanding	2,080	2,085	1,967	1,949	1,960	1,985
Diluted Shares Outstanding	2,080	2,085	1,967	1,949	1,960	1,985
Shares Change (YoY)	4.33%	5.96%	0.94%	-0.57%	-1.25%	-0.10%
EPS (Basic)	-0.02	0.00	-0.02	0.01	0.10	0.00
EPS (Diluted)	-0.02	0.00	-0.02	0.01	0.10	0.00
EPS Growth	-	-	-	-90.96%	45565.92%	-96.12%
Operating Margin	-	71.07%	-	45.60%	84.76%	46.31%
Profit Margin	-	34.29%	-	41.25%	75.34%	1.46%
EBITDA	-30.12	19.61	-25.07	19.93	224.69	14.41
EBITDA Margin	-	72.25%	-	45.82%	84.80%	47.56%
D&A For Ebitda	0.32	0.32	0.34	0.1	0.1	0.38
EBIT	-30.44	19.29	-25.41	19.83	224.59	14.03
EBIT Margin	-	71.07%	-	45.60%	84.76%	46.31%
Effective Tax Rate	-	5.86%	-	3.57%	0.23%	-
Revenue as Reported	4.67	5.78	12.38	26.04	32.45	16.82

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.