KWSE:TAM Income Statement

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

Millions KWD. Fiscal year is Jan - Dec.

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
Rental Revenue	27.58	25.66	23.96	23.67	21.54
Property Management Fees	1.08	1.01	0.98	0.87	0.71
Gain (Loss) on Sale of Assets (Rev)	0.06	0.33	0.65	0.45	1.04
Other Revenue	16.96	13.46	13.07	10.9	7.93
Total Revenue	51.65	46.26	45.75	42.68	34.44
Revenue Growth (YoY	11.64%	1.13%	7.20%	23.92%	213.60%
Property Expenses	7.56	8.17	6.48	6.3	6.32
Selling, General & Administrative	5.15	5.55	5.93	6.51	5.27
Other Operating Expenses	3.14	4	3.42	3.54	3.29
Total Operating Expenses	15.84	17.72	15.83	16.35	14.88
Operating Income	35.81	28.55	29.92	26.33	19.55
Interest Expense	-8.35	-7.58	-8.3	-6.74	-6.76
Currency Exchange Gain (Loss)	-	-0.01	0.01	0.24	-0.1
Other Non-Operating Income	-	-0.08	-0.08	-0.11	-0.08
EBT Excluding Unusual Items	27.47	20.89	21.56	19.72	12.61
Gain (Loss) on Sale of Assets	-	-	0.86	-	-
Asset Writedown	1.83	1.15	0.07	1.95	-0.3
Total Legal Settlements	-	-	-	-	1.47
Pretax Income	29.3	22.04	22.49	21.67	13.78
Income Tax Expense	1.05	0.18	0.17	0.23	0.14
Earnings From Continuing Operations	28.25	21.86	22.32	21.44	13.64
Minority Interest in Earnings	-7.9	-6.41	-6.61	-6.39	-2.24
Net Income	20.36	15.45	15.71	15.05	11.39
Net Income to Common	20.36	15.45	15.71	15.05	11.39
Net Income Growth	31.76%	-1.64%	4.40%	32.06%	-
Basic Shares Outstanding	402	401	401	402	402
Diluted Shares Outstanding	402	401	401	402	402
Shares Change (YoY)	0.01%	-	-0.01%	-0.03%	-0.10%
EPS (Basic)	0.05	0.04	0.04	0.04	0.03
EPS (Diluted)	0.05	0.04	0.04	0.04	0.03
EPS Growth	31.76%	-1.64%	4.41%	32.11%	-
Dividend Per Share	-	0.018	0.018	0.012	0.010
Dividend Growth	-	-	50.00%	20.00%	-
Operating Margin	69.33%	61.71%	65.41%	61.69%	56.78%
Profit Margin	39.41%	33.40%	34.34%	35.26%	33.08%
EBITDA	37.74	30.32	31.91	28.57	21.37
EBITDA Margin	73.06%	65.54%	69.74%	66.96%	62.06%
D&A For Ebitda	1.93	1.77	1.98	2.25	1.82
EBIT	35.81	28.55	29.92	26.33	19.55
EBIT Margin	69.33%	61.71%	65.41%	61.69%	56.78%
Effective Tax Rate	3.57%	0.80%	0.77%	1.05%	1.04%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.