KWSE:TAM 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	26.94	25.66	23.96	23.67	21.54	12.12
Property Management Fees	1.07	1.01	0.98	0.87	0.71	0.74
Gain (Loss) on Sale of Assets (Rev)	0.08	0.33	0.65	0.45	1.04	-
Other Revenue	17	13.46	13.07	10.9	7.93	-12.49
Total Revenue	51.07	46.26	45.75	42.68	34.44	10.98
Revenue Growth (YoY	13.02%	1.13%	7.20%	23.92%	213.60%	-73.06%
Property Expenses	8.38	8.17	6.48	6.3	6.32	5.51
Selling, General & Administrative	4.91	5.55	5.93	6.51	5.27	4.21
Other Operating Expenses	3.8	4	3.42	3.54	3.29	3.28
Total Operating Expenses	17.08	17.72	15.83	16.35	14.88	13
Operating Income	33.99	28.55	29.92	26.33	19.55	-2.02
Interest Expense	-8.07	-7.58	-8.3	-6.74	-6.76	-8.16
Currency Exchange Gain (Loss)	0.01	-0.01	0.01	0.24	-0.1	-0.03
Other Non-Operating Income	-0.1	-0.08	-0.08	-0.11	-0.08	-0.01
EBT Excluding Unusual Items	25.84	20.89	21.56	19.72	12.61	-10.22
Gain (Loss) on Sale of Assets	-	-	0.86	-	-	-
Asset Writedown	1.15	1.15	0.07	1.95	-0.3	-7.54
Total Legal Settlements	-	-	-	-	1.47	-
Pretax Income	26.99	22.04	22.49	21.67	13.78	-17.76
Income Tax Expense	0.22	0.18	0.17	0.23	0.14	0.01
Earnings From Continuing Operations	26.77	21.86	22.32	21.44	13.64	-17.76
Minority Interest in Earnings	-7.66	-6.41	-6.61	-6.39	-2.24	5.47
Net Income	19.11	15.45	15.71	15.05	11.39	-12.29
Net Income to Common	19.11	15.45	15.71	15.05	11.39	-12.29
Net Income Growth	44.89%	-1.64%	4.40%	32.06%	-	-
Basic Shares Outstanding	401	401	401	402	402	402
Diluted Shares Outstanding	401	401	401	402	402	402
Shares Change (YoY)	0.00%	-	-0.01%	-0.03%	-0.10%	-0.14%
EPS (Basic)	0.05	0.04	0.04	0.04	0.03	-0.03
EPS (Diluted)	0.05	0.04	0.04	0.04	0.03	-0.03
EPS Growth	44.89%	-1.64%	4.41%	32.11%	-	-
Dividend Per Share	0.018	0.018	0.018	0.012	0.010	-
Dividend Growth	-	-	50.00%	20.00%	-	-
Operating Margin	66.55%	61.71%	65.41%	61.69%	56.78%	-18.41%
Profit Margin	37.41%	33.40%	34.34%	35.26%	33.08%	-111.95%
EBITDA	35.87	30.32	31.91	28.57	21.37	-0.23
EBITDA Margin	70.24%	65.54%	69.74%	66.96%	62.06%	-2.08%
D&A For Ebitda	1.88	1.77	1.98	2.25	1.82	1.79
EBIT	33.99	28.55	29.92	26.33	19.55	-2.02
EBIT Margin	66.55%	61.71%	65.41%	61.69%	56.78%	-18.41%
Effective Tax Rate	0.81%	0.80%	0.77%	1.05%	1.04%	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.