United Real Estate Company K.S.C.P. (KWSE:URC)

KWSE:URC Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	97.06	84.03	82.92	80.49	82.76	94.02
Other Revenue	4.85	4.61	4.37	4.13	2.15	2.33
Revenue	101.91	88.64	87.29	84.62	84.91	96.35
Revenue Growth (YoY)	17.21%	1.55%	3.15%	-0.34%	-11.87%	-15.37%
Cost of Revenue	66.26	55.7	57.79	59.03	61.88	80.22
Gross Profit	35.66	32.94	29.49	25.6	23.03	16.13
Selling, General & Admin	7.74	7.74	7.66	10.9	6.82	8.57
Other Operating Expenses	-1.49	-2.83	-6.08	6.47	1.68	0.95
Operating Expenses	9.56	7.94	4.98	20.71	11.69	12.89
Operating Income	26.09	25	24.52	4.89	11.34	3.24
Interest Expense	-21.94	-21.06	-21.41	-13.55	-11.49	-12.83
Interest & Investment Income	-	0.04	0.04	0.04	0.03	0.02
Earnings From Equity Investments	5.13	2.82	-2.61	0.51	0.89	-1.49
Currency Exchange Gain (Loss)	-0.16	1.7	0.34	-0.07	0.55	-0.1
Other Non Operating Income (Expenses)	1.09	1.81	0.79	0.83	0.35	0.63
EBT Excluding Unusual Items	10.21	10.31	1.67	-7.36	1.67	-10.53
Gain (Loss) on Sale of Investments	-	-	-	1.16	-	-
Gain (Loss) on Sale of Assets	0	0.71	2.6	0.15	-2.82	-0.02
Asset Writedown	-5.69	-5.69	0.67	-22.46	-5.72	-7.28
Legal Settlements	-	-	-	-	-	0.81
Other Unusual Items	-	-	-	32.07	-	-
Pretax Income	4.51	5.33	4.95	3.57	-6.87	-17.02
Income Tax Expense	-0.2	0.2	0.55	-0.12	-0.37	0.04
Earnings From Continuing Operations	4.72	5.14	4.39	3.68	-6.5	-17.06
Minority Interest in Earnings	-0.03	-0.05	-0.2	-0.29	1.54	0.74
Net Income	4.69	5.09	4.19	3.39	-4.96	-16.32
Net Income to Common	4.69	5.09	4.19	3.39	-4.96	-16.32
Net Income Growth	-1.42%	21.34%	23.77%	-	-	-
Shares Outstanding (Basic)	1,334	1,367	1,367	1,135	1,128	1,128
Shares Outstanding (Diluted)	1,334	1,367	1,367	1,135	1,128	1,128
Shares Change (YoY)	-2.44%	-	20.50%	0.58%	-	-
EPS (Basic)	0.00	0.00	0.00	0.00	-0.00	-0.01
EPS (Diluted)	0.00	0.00	0.00	0.00	-0.00	-0.01
EPS Growth	1.06%	21.32%	2.71%	-	-	-
Free Cash Flow	30.83	16.72	15.23	18.06	14.14	9.54
Free Cash Flow Per Share	0.02	0.01	0.01	0.02	0.01	0.01
Gross Margin	34.99%	37.16%	33.79%	30.25%	27.12%	16.74%
Operating Margin	25.60%	28.20%	28.09%	5.78%	13.35%	3.36%
Profit Margin	4.60%	5.74%	4.80%	4.00%	-5.84%	-16.94%
Free Cash Flow Margin	30.26%	18.86%	17.44%	21.35%	16.65%	9.90%
EBITDA	29.87	28.68	28.58	9.05	16.18	8.64
EBITDA Margin	29.31%	32.36%	32.74%	10.69%	19.05%	8.97%
D&A For EBITDA	3.78	3.69	4.06	4.16	4.84	5.41
EBIT	26.09	25	24.52	4.89	11.34	3.24
EBIT Margin	25.60%	28.20%	28.09%	5.78%	13.35%	3.36%
Effective Tax Rate	-	3.67%	11.21%	-	-	-
Revenue as Reported	101.91	88.64	87.29	84.62	84.91	96.35

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