KWSE:TAM Income Statement

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

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	26.57	27.58	25.66	23.96	23.67	21.54
Property Management Fees	1.08	1.08	1.01	0.98	0.87	0.71
Gain (Loss) on Sale of Assets (Rev)	0.03	0.06	0.33	0.65	0.45	1.04
Other Revenue	18.63	16.96	13.45	13.07	10.9	7.93
Total Revenue	52.56	51.65	46.26	45.75	42.68	34.44
Revenue Growth (YoY	8.56%	11.66%	1.11%	7.20%	23.92%	213.60%
Property Expenses	7.27	7.56	8.17	6.48	6.3	6.32
Selling, General & Administrative	4.88	5.15	5.55	5.93	6.51	5.27
Other Operating Expenses	3.4	3.14	3.46	3.42	3.54	3.29
Total Operating Expenses	15.55	15.84	17.18	15.83	16.35	14.88
Operating Income	37.01	35.81	29.08	29.92	26.33	19.55
Interest Expense	-8.23	-8.35	-7.58	-8.3	-6.74	-6.76
Currency Exchange Gain (Loss)	-	-	-	0.01	0.24	-0.1
Other Non-Operating Income	0.01	-	-	-0.08	-0.11	-0.08
EBT Excluding Unusual Items	28.79	27.47	21.5	21.56	19.72	12.61
Gain (Loss) on Sale of Assets	-	-	-	0.86	-	-
Asset Writedown	3.11	1.83	1.15	0.07	1.95	-0.3
Total Legal Settlements	-	-	-	-	-	1.47
Pretax Income	31.9	29.3	22.65	22.49	21.67	13.78
Income Tax Expense	1.05	1.05	0.8	0.17	0.23	0.14
Earnings From Continuing Operations	30.86	28.25	21.86	22.32	21.44	13.64
Minority Interest in Earnings	-9.25	-7.9	-6.41	-6.61	-6.39	-2.24
Net Income	21.61	20.36	15.45	15.71	15.05	11.39
Net Income to Common	21.61	20.36	15.45	15.71	15.05	11.39
Net Income Growth	27.94%	31.76%	-1.64%	4.40%	32.06%	-
Basic Shares Outstanding	401	401	401	401	402	402
Diluted Shares Outstanding	401	401	401	401	402	402
Shares Change	-	-	-	-0.01%	-0.03%	-0.10%
EPS (Basic)	0.05	0.05	0.04	0.04	0.04	0.03
EPS (Diluted)	0.05	0.05	0.04	0.04	0.04	0.03
EPS Growth	27.94%	31.76%	-1.64%	4.41%	32.11%	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Dividend Per Share	0.018	0.018	0.018	0.018	0.012	0.010
Dividend Growth	0%	0%	0%	50.00%	20.00%	-
Operating Margin	70.42%	69.33%	62.86%	65.41%	61.69%	56.78%
Profit Margin	41.12%	39.41%	33.40%	34.34%	35.26%	33.08%
EBITDA	38.91	37.74	30.85	31.91	28.57	21.37
EBITDA Margin	74.02%	73.06%	66.70%	69.74%	66.96%	62.06%
D&A For Ebitda	1.9	1.93	1.77	1.98	2.25	1.82
EBIT	37.01	35.81	29.08	29.92	26.33	19.55
EBIT Margin	70.42%	69.33%	62.86%	65.41%	61.69%	56.78%
Effective Tax Rate	3.28%	3.57%	3.51%	0.77%	1.05%	1.04%