Barwa

Barwa Real Estate Co.

BRESStocksQatar Stock ExchangeReal Estate

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (QAR)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	1.87B	1.91B	1.62B	2.58B	3.46B
Interest Income	114.94M	130.16M	36.24M	19.54M	12.85M
Interest Expense	-634.12M	-793.51M	-778.73M	-426.71M	-274.04M
Pretax Income	1.27B	1.27B	1.26B	1.16B	1.13B
Income Tax	31.58M	11.14M	10.06M	10.60M	14.85M
Net Income	1.24B	1.24B	1.23B	1.14B	1.11B
Rental Revenue	1.48B	1.44B	1.44B	1.75B	1.88B
Property Expenses	0.58B	0.68B	0.57B	1.18B	1.99B
Operating Income	1.06B	1.04B	0.90B	0.87B	1.14B
EPS (Basic)	0.32	0.32	0.32	0.29	0.29
EPS (Diluted)	0.32	0.32	0.32	0.29	0.29
DPS	0.18	0.18	0.18	0.18	0.18
Margins & Efficiency
Net Margin %	+66.4%	+64.6%	+75.8%	+44.2%	+32.2%
Revenue & Income
Revenue Growth (YoY)	-2.2%	+17.9%	-37.0%	-25.6%	+111.2%
Revenue RE	1.87B	1.91B	1.62B	2.58B	3.46B
Rental Revenue	1.48B	1.44B	1.44B	1.75B	1.88B
Other Revenue RE	0.38B	0.47B	0.13B	0.83B	1.57B
Gain Assets RE	21.30M	4.97M	489.86M	57.97M	0.05M
Gain Investments RE	-2.82M	2.46M	19.42M	7.16M	-0.76M
Gain Investments Rev Real Estate	12.04M	-1.79M	52.72M	-5.66M	5.06M
Currency Exchange Gain (Loss)	-5.16M	-1.98M	-3.57M	-64.96M	-2.26M
Expenses & Provisions
SG&A RE	207.49M	200.32M	205.73M	209.56M	208.62M
Total Operating Expenses RE	0.81B	0.87B	0.72B	1.71B	2.32B
Interest Expense RE	-634.12M	-793.51M	-778.73M	-426.71M	-274.04M
Other Non Oper Exp Suppl RE	28.51M	41.81M	-66.38M	8.54M	-0.10M
Property Expenses	0.58B	0.68B	0.57B	1.18B	1.99B
Provision For Loan Losses	—	—	—	0.09M	1.62M
Legal Settlements RE	59.07M	29.79M	5.76M	21.08M	26.37M
Asset Writedown	637.65M	816.55M	588.05M	676.19M	255.30M
Impairment of Goodwill	—	—	-6.00M	—	—
D&A For EBITDA	32.75M	34.01M	33.03M	36.00M	53.60M
Dep Amor RE	11.26M	17.17M	17.79M	17.38M	37.52M
Profitability & Returns
EBIT	1.06B	1.04B	0.90B	0.87B	1.14B
EBIT Margin	+56.6%	+54.3%	+55.4%	+33.7%	+32.9%
EBITDA	1.09B	1.07B	0.93B	0.90B	1.19B
EBITDA Margin	+58.4%	+56.1%	+57.4%	+35.1%	+34.5%
EBT Excl RE	564.12M	415.01M	85.95M	404.77M	875.41M
Pretax Income	1.27B	1.27B	1.26B	1.16B	1.13B
Operating Income RE	1.06B	1.04B	0.90B	0.87B	1.14B
Operating Margin	+56.6%	+54.3%	+55.4%	+33.7%	+32.9%
Profit Margin	+66.4%	+64.6%	+75.8%	+44.2%	+32.2%
Net Income	1.24B	1.24B	1.23B	1.14B	1.11B
Net Income to Common	1.24B	1.24B	1.23B	1.14B	1.11B
Net Income to Company	1.24B	1.24B	1.23B	1.15B	1.12B
Net Income Growth	+0.6%	+0.6%	+8.0%	+2.2%	-8.3%
Earnings From Continuing Ops.	1.24B	1.26B	1.25B	1.15B	1.12B
Earnings From Discontinued Ops.	0.56M	-16.17M	-13.09M	—	—
Minority Interest in Earnings	2.79M	-5.06M	-4.29M	-12.75M	-5.24M
Income Tax Expense	31.58M	11.14M	10.06M	10.60M	14.85M
Effective Tax Rate	+2.5%	+0.9%	+0.8%	+0.9%	+1.3%
Net Interest Expense RE	-519.18M	-663.35M	-742.49M	-407.17M	-261.20M
Per Share & Capital
EPS (Basic)	0.32	0.32	0.32	0.29	0.29
EPS (Diluted)	0.32	0.32	0.32	0.29	0.29
EPS Growth	+0.6%	+0.6%	+8.0%	+2.2%	-8.3%
Dividend Per Share	0.18	0.18	0.18	0.18	0.18
Shares Outstanding (Basic)	3.89B	3.89B	3.89B	3.89B	3.89B
Shares Outstanding (Diluted)	3.89B	3.89B	3.89B	3.89B	3.89B
Dividend Growth	—	—	+2.9%	—	+40.0%
Payout Ratio	+41.6%	+47.5%	+45.3%	+59.2%	+46.5%
Supplemental
Int Inc RE	114.94M	130.16M	36.24M	19.54M	12.85M
Other Operating Expenses RE	-10.09M	-4.67M	-17.34M	-11.79M	-16.54M
Other Unusual RE	-7.93M	-0.24M	73.66M	-5.78M	-22.62M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (QAR)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	1.87B	1.91B	1.62B	2.58B	3.46B
Interest Income	114.94M	130.16M	36.24M	19.54M	12.85M
Interest Expense	-634.12M	-793.51M	-778.73M	-426.71M	-274.04M
Pretax Income	1.27B	1.27B	1.26B	1.16B	1.13B
Income Tax	31.58M	11.14M	10.06M	10.60M	14.85M
Net Income	1.24B	1.24B	1.23B	1.14B	1.11B
Rental Revenue	1.48B	1.44B	1.44B	1.75B	1.88B
Property Expenses	0.58B	0.68B	0.57B	1.18B	1.99B
Operating Income	1.06B	1.04B	0.90B	0.87B	1.14B
EPS (Basic)	0.32	0.32	0.32	0.29	0.29
EPS (Diluted)	0.32	0.32	0.32	0.29	0.29
DPS	0.18	0.18	0.18	0.18	0.18
Margins & Efficiency
Net Margin %	+66.4%	+64.6%	+75.8%	+44.2%	+32.2%
Revenue & Income
Revenue Growth (YoY)	-2.2%	+17.9%	-37.0%	-25.6%	+111.2%
Revenue RE	1.87B	1.91B	1.62B	2.58B	3.46B
Rental Revenue	1.48B	1.44B	1.44B	1.75B	1.88B
Other Revenue RE	0.38B	0.47B	0.13B	0.83B	1.57B
Gain Assets RE	21.30M	4.97M	489.86M	57.97M	0.05M
Gain Investments RE	-2.82M	2.46M	19.42M	7.16M	-0.76M
Gain Investments Rev Real Estate	12.04M	-1.79M	52.72M	-5.66M	5.06M
Currency Exchange Gain (Loss)	-5.16M	-1.98M	-3.57M	-64.96M	-2.26M
Expenses & Provisions
SG&A RE	207.49M	200.32M	205.73M	209.56M	208.62M
Total Operating Expenses RE	0.81B	0.87B	0.72B	1.71B	2.32B
Interest Expense RE	-634.12M	-793.51M	-778.73M	-426.71M	-274.04M
Other Non Oper Exp Suppl RE	28.51M	41.81M	-66.38M	8.54M	-0.10M
Property Expenses	0.58B	0.68B	0.57B	1.18B	1.99B
Provision For Loan Losses	—	—	—	0.09M	1.62M
Legal Settlements RE	59.07M	29.79M	5.76M	21.08M	26.37M
Asset Writedown	637.65M	816.55M	588.05M	676.19M	255.30M
Impairment of Goodwill	—	—	-6.00M	—	—
D&A For EBITDA	32.75M	34.01M	33.03M	36.00M	53.60M
Dep Amor RE	11.26M	17.17M	17.79M	17.38M	37.52M
Profitability & Returns
EBIT	1.06B	1.04B	0.90B	0.87B	1.14B
EBIT Margin	+56.6%	+54.3%	+55.4%	+33.7%	+32.9%
EBITDA	1.09B	1.07B	0.93B	0.90B	1.19B
EBITDA Margin	+58.4%	+56.1%	+57.4%	+35.1%	+34.5%
EBT Excl RE	564.12M	415.01M	85.95M	404.77M	875.41M
Pretax Income	1.27B	1.27B	1.26B	1.16B	1.13B
Operating Income RE	1.06B	1.04B	0.90B	0.87B	1.14B
Operating Margin	+56.6%	+54.3%	+55.4%	+33.7%	+32.9%
Profit Margin	+66.4%	+64.6%	+75.8%	+44.2%	+32.2%
Net Income	1.24B	1.24B	1.23B	1.14B	1.11B
Net Income to Common	1.24B	1.24B	1.23B	1.14B	1.11B
Net Income to Company	1.24B	1.24B	1.23B	1.15B	1.12B
Net Income Growth	+0.6%	+0.6%	+8.0%	+2.2%	-8.3%
Earnings From Continuing Ops.	1.24B	1.26B	1.25B	1.15B	1.12B
Earnings From Discontinued Ops.	0.56M	-16.17M	-13.09M	—	—
Minority Interest in Earnings	2.79M	-5.06M	-4.29M	-12.75M	-5.24M
Income Tax Expense	31.58M	11.14M	10.06M	10.60M	14.85M
Effective Tax Rate	+2.5%	+0.9%	+0.8%	+0.9%	+1.3%
Net Interest Expense RE	-519.18M	-663.35M	-742.49M	-407.17M	-261.20M
Per Share & Capital
EPS (Basic)	0.32	0.32	0.32	0.29	0.29
EPS (Diluted)	0.32	0.32	0.32	0.29	0.29
EPS Growth	+0.6%	+0.6%	+8.0%	+2.2%	-8.3%
Dividend Per Share	0.18	0.18	0.18	0.18	0.18
Shares Outstanding (Basic)	3.89B	3.89B	3.89B	3.89B	3.89B
Shares Outstanding (Diluted)	3.89B	3.89B	3.89B	3.89B	3.89B
Dividend Growth	—	—	+2.9%	—	+40.0%
Payout Ratio	+41.6%	+47.5%	+45.3%	+59.2%	+46.5%
Supplemental
Int Inc RE	114.94M	130.16M	36.24M	19.54M	12.85M
Other Operating Expenses RE	-10.09M	-4.67M	-17.34M	-11.79M	-16.54M
Other Unusual RE	-7.93M	-0.24M	73.66M	-5.78M	-22.62M