KWSE:THURAYA 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	0.57	0.42	0.47	0.58	0.79	0.68
Gain (Loss) on Sale of Investments (Rev)	-0.1	-	-	0	0.08	0.32
Other Revenue	0.01	0.01	0.03	0.03	0.27	0.16
Total Revenue	0.5	0.45	0.52	0.61	1.14	1.16
Revenue Growth (YoY	-25.22%	-14.31%	-14.47%	-46.60%	-1.79%	266.17%
Property Expenses	0.01	0.01	0.01	0.01	0.11	0.39
Selling, General & Administrative	0.22	0.26	0.15	0.14	0.14	0.13
Other Operating Expenses	0	-	-	0.01	0.02	0.02
Total Operating Expenses	0.23	0.26	0.16	0.16	0.23	0.6
Operating Income	0.27	0.19	0.36	0.45	0.91	0.56
Interest Expense	-0.06	-0.05	-0.05	-0.04	-0.02	-
Other Non-Operating Income	-0	-	-	-	-0	-
EBT Excluding Unusual Items	0.21	0.14	0.31	0.41	0.88	0.56
Gain (Loss) on Sale of Investments	0.29	0.29	-0.05	-	-	-
Gain (Loss) on Sale of Assets	-0	-0	0.01	-	-	-
Asset Writedown	2	2	0.06	-	-	-
Pretax Income	2.5	2.42	0.33	0.41	0.88	0.56
Income Tax Expense	0.08	0.08	0.01	0	0	0
Earnings From Continuing Operations	2.42	2.34	0.32	0.4	0.88	0.56
Net Income to Company	2.42	2.34	0.32	0.4	0.88	0.56
Minority Interest in Earnings	-	-	-	-	-	-0
Net Income	2.42	2.34	0.32	0.4	0.88	0.56
Net Income to Common	2.42	2.34	0.32	0.4	0.88	0.56
Net Income Growth	436.43%	634.41%	-20.94%	-54.35%	58.23%	0.33%
Basic Shares Outstanding	147	147	147	147	147	147
Diluted Shares Outstanding	147	147	147	147	147	147
EPS (Basic)	0.02	0.02	0.00	0.00	0.01	0.00
EPS (Diluted)	0.02	0.02	0.00	0.00	0.01	0.00
EPS Growth	436.41%	634.47%	-20.92%	-54.36%	58.24%	0.32%
Operating Margin	54.77%	42.03%	68.77%	73.39%	79.78%	48.05%
Profit Margin	481.91%	522.57%	60.97%	65.96%	77.16%	47.90%
EBITDA	-	-	-	0.45	0.91	0.56
EBITDA Margin	-	-	-	73.49%	79.84%	48.07%
D&A For Ebitda	-	-	-	0	0	0
EBIT	0.27	0.19	0.36	0.45	0.91	0.56
EBIT Margin	54.77%	42.03%	68.77%	73.39%	79.78%	48.05%
Effective Tax Rate	3.27%	3.41%	3.40%	0.92%	0.10%	0.14%

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