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

KWSE:URC Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	9.61	9.31	26.33	10.95	14.2	11.61
Short-Term Investments	8	8.63	9.06	9.85	-	-
Cash & Short-Term Investments	17.61	17.94	35.38	20.8	14.2	11.61
Cash Growth	-32.00%	-49.30%	70.12%	46.50%	22.26%	18.42%
Accounts Receivable	45.85	46.42	41.39	44.08	47.16	48.02
Other Receivables	1.87	-	-	-	-	-
Receivables	47.72	46.42	41.39	44.08	47.16	48.02
Prepaid Expenses	1.66	1.38	1.54	0.45	0.67	0.71
Other Current Assets	32.82	33.12	10.58	26.51	57.96	59.5
Total Current Assets	99.81	98.86	88.9	91.84	119.99	119.84
Property, Plant & Equipment	524.78	524.77	515.18	515.8	391.52	403.58
Long-Term Investments	49.05	46.96	42.28	42.54	62.07	60.2
Other Intangible Assets	1.36	1.39	1.49	1.6	1.7	1.8
Total Assets	675.01	671.97	665.48	667.72	600.43	606.96
Accounts Payable	67.96	66.98	66.86	77.15	46.14	50.71
Short-Term Debt	2.67	12.56	14.01	19.88	21.37	24.93
Current Portion of Long-Term Debt	23.31	10.41	6.96	75.57	9.47	11.45
Current Portion of Leases	-	1.3	0.85	-	-	-
Current Unearned Revenue	-	-	-	-	0.67	0.63
Other Current Liabilities	-	-	-	-	30.86	30.79
Total Current Liabilities	93.94	91.25	88.68	172.61	108.52	118.5
Long-Term Debt	338.36	342.53	350.65	267.31	275.68	263.66
Long-Term Leases	-	3.44	2.93	-	-	-
Long-Term Deferred Tax Liabilities	25.08	24.77	31.71	31.19	31.52	31.93
Other Long-Term Liabilities	9.2	5.69	4.88	8.06	-	-
Total Liabilities	466.58	467.68	478.85	479.17	415.73	414.09
Common Stock	143.05	143.05	143.05	143.05	118.8	118.8
Additional Paid-In Capital	16.04	16.04	16.04	16.04	16.04	16.04
Retained Earnings	49.15	46.73	41.35	45.34	38.93	43.6
Treasury Stock	-15.5	-15.5	-15.5	-15.5	-14.48	-14.48
Comprehensive Income & Other	7.19	6.06	-0.91	-0.74	10.43	8.77
Total Common Equity	199.93	196.38	184.04	188.19	169.72	172.73
Minority Interest	8.5	7.91	2.59	0.36	14.99	20.14
Shareholders' Equity	208.43	204.29	186.63	188.54	184.7	192.87
Total Liabilities & Equity	675.01	671.97	665.48	667.72	600.43	606.96
Total Debt	364.33	370.24	375.4	362.77	306.53	300.04
Net Cash (Debt)	-346.72	-352.31	-340.01	-341.97	-292.33	-288.43
Net Cash Per Share	-0.27	-0.27	-0.26	-0.32	-0.27	-0.27
Filing Date Shares Outstanding	1,302	1,302	1,302	1,302	1,074	1,074
Total Common Shares Outstanding	1,302	1,302	1,302	1,302	1,074	1,074
Working Capital	5.87	7.6	0.22	-80.77	11.46	1.34
Book Value Per Share	0.15	0.15	0.14	0.14	0.16	0.16
Tangible Book Value	198.57	194.99	182.54	186.59	168.02	170.92
Tangible Book Value Per Share	0.15	0.15	0.14	0.14	0.16	0.16
Land	-	371.34	358.67	361.95	224.09	227.65
Buildings	-	179.63	178.77	175.95	189.74	179.86
Machinery	-	53	53.8	52.77	50.58	29.14
Construction In Progress	-	14.54	14.37	18.53	15.96	14.37

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