THE COMMERCIAL REAL ESTATE CO.

Commercial Real Estate Co.

ALTIJARIAStocksBoursa KuwaitMarket closed

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Assets
Cash & Equivalents	2.87M	3.08M	3.25M	5.35M	9.32M
Receivables	0.44M	0.51M	1.28M	2.22M	2.85M
PP&E	20.47M	20.69M	21.40M	21.99M	22.86M
Total Assets	589.53M	574.19M	561.50M	553.06M	537.29M
Liabilities
Long-Term Debt	234.24M	199.69M	212.56M	190.99M	189.71M
Total Liabilities	265.10M	253.80M	245.98M	239.96M	224.38M
Equity & Ownership
Total Equity	324.43M	320.39M	315.52M	313.10M	312.91M
Shares Outstanding	1,794,524,560	1,819,205,695	1,806,991,489	1,853,730,427	1,918,097,962
Cash & Assets
Total Assets	589.53M	574.19M	561.50M	553.06M	537.29M
Cash & Equivalents	2.87M	3.08M	3.25M	5.35M	9.32M
Net Cash (Debt)	-194.68M	-185.49M	-186.57M	-183.96M	-174.10M
Net Cash Per Share	-0.11	-0.10	-0.10	-0.10	-0.09
Accounts Receivable	0.44M	0.51M	1.28M	2.22M	2.85M
Land	26.61M	26.47M	26.47M	26.47M	26.47M
Property, Plant & Equipment	20.47M	20.69M	21.40M	21.99M	22.86M
Other Intangible Assets	2.57M	2.34M	—	—	—
Other Current Assets RE	22.32M	23.20M	25.59M	20.92M	29.42M
Other Long Term Assets RE	434.60M	416.55M	410.59M	411.42M	414.85M
Long-Term Leases	2.12M	2.25M	2.23M	2.35M	2.44M
Current Portion of Leases	—	—	—	91.00K	101.06K
Loans & Investments
Long Term Investments RE	52.87M	57.57M	57.73M	57.48M	34.66M
Trading Asset Securities	53.39M	50.25M	41.68M	33.67M	23.33M
Liabilities & Obligations
Total Liabilities & Equity	589.53M	574.19M	561.50M	553.06M	537.29M
Accounts Payable RE	1.00M	1.04M	0.70M	0.69M	0.62M
Accrued Expenses RE	3.14M	3.15M	2.86M	2.68M	2.63M
Current Income Taxes Payable	510.37K	502.22K	470.25K	350.65K	703.59K
Current Unearned Revenue	726.73K	866.31K	787.95K	547.44K	479.72K
Other Current Liabilities RE	7.35M	8.17M	8.40M	11.62M	12.24M
Debt & Funding
Total Debt	250.93M	238.82M	231.49M	222.98M	206.75M
Current Port Long Term Debt RE	14.58M	36.87M	16.71M	29.55M	14.50M
Long Term Debt RE	234.24M	199.69M	212.56M	190.99M	189.71M
Equity & Book Value
Shareholders' Equity	324.43M	320.39M	315.52M	313.10M	312.91M
Total Common Equity	299.74M	296.34M	291.36M	289.66M	289.71M
Common Stock	189.59M	184.07M	184.07M	184.07M	184.07M
Additional Paid-In Capital	1.31M	1.31M	1.31M	1.31M	1.31M
Retained Earnings	123.12M	117.64M	113.26M	108.77M	104.51M
Treasury Stock	-13.66M	-7.96M	-8.54M	-9.55M	-6.80M
Other Equity RE	-0.61M	1.28M	1.26M	5.07M	6.62M
Minority Interest	24.69M	24.05M	24.16M	23.44M	23.20M
Book Value Per Share	0.17	0.16	0.16	0.16	0.15
Tangible Book Value	297.18M	294.00M	291.36M	289.66M	289.71M
Tangible Book Value Per Share	0.17	0.16	0.16	0.16	0.15
Filing Date Shares Outstanding	1.79B	1.82B	1.81B	1.85B	1.92B
Total Common Shares Outstanding	1.79B	1.82B	1.81B	1.85B	1.92B
Supplemental
Total Liabilities RE	265.10M	253.80M	245.98M	239.96M	224.38M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Assets
Cash & Equivalents	2.87M	3.08M	3.25M	5.35M	9.32M
Receivables	0.44M	0.51M	1.28M	2.22M	2.85M
PP&E	20.47M	20.69M	21.40M	21.99M	22.86M
Total Assets	589.53M	574.19M	561.50M	553.06M	537.29M
Liabilities
Long-Term Debt	234.24M	199.69M	212.56M	190.99M	189.71M
Total Liabilities	265.10M	253.80M	245.98M	239.96M	224.38M
Equity & Ownership
Total Equity	324.43M	320.39M	315.52M	313.10M	312.91M
Shares Outstanding	1,794,524,560	1,819,205,695	1,806,991,489	1,853,730,427	1,918,097,962
Cash & Assets
Total Assets	589.53M	574.19M	561.50M	553.06M	537.29M
Cash & Equivalents	2.87M	3.08M	3.25M	5.35M	9.32M
Net Cash (Debt)	-194.68M	-185.49M	-186.57M	-183.96M	-174.10M
Net Cash Per Share	-0.11	-0.10	-0.10	-0.10	-0.09
Accounts Receivable	0.44M	0.51M	1.28M	2.22M	2.85M
Land	26.61M	26.47M	26.47M	26.47M	26.47M
Property, Plant & Equipment	20.47M	20.69M	21.40M	21.99M	22.86M
Other Intangible Assets	2.57M	2.34M	—	—	—
Other Current Assets RE	22.32M	23.20M	25.59M	20.92M	29.42M
Other Long Term Assets RE	434.60M	416.55M	410.59M	411.42M	414.85M
Long-Term Leases	2.12M	2.25M	2.23M	2.35M	2.44M
Current Portion of Leases	—	—	—	91.00K	101.06K
Loans & Investments
Long Term Investments RE	52.87M	57.57M	57.73M	57.48M	34.66M
Trading Asset Securities	53.39M	50.25M	41.68M	33.67M	23.33M
Liabilities & Obligations
Total Liabilities & Equity	589.53M	574.19M	561.50M	553.06M	537.29M
Accounts Payable RE	1.00M	1.04M	0.70M	0.69M	0.62M
Accrued Expenses RE	3.14M	3.15M	2.86M	2.68M	2.63M
Current Income Taxes Payable	510.37K	502.22K	470.25K	350.65K	703.59K
Current Unearned Revenue	726.73K	866.31K	787.95K	547.44K	479.72K
Other Current Liabilities RE	7.35M	8.17M	8.40M	11.62M	12.24M
Debt & Funding
Total Debt	250.93M	238.82M	231.49M	222.98M	206.75M
Current Port Long Term Debt RE	14.58M	36.87M	16.71M	29.55M	14.50M
Long Term Debt RE	234.24M	199.69M	212.56M	190.99M	189.71M
Equity & Book Value
Shareholders' Equity	324.43M	320.39M	315.52M	313.10M	312.91M
Total Common Equity	299.74M	296.34M	291.36M	289.66M	289.71M
Common Stock	189.59M	184.07M	184.07M	184.07M	184.07M
Additional Paid-In Capital	1.31M	1.31M	1.31M	1.31M	1.31M
Retained Earnings	123.12M	117.64M	113.26M	108.77M	104.51M
Treasury Stock	-13.66M	-7.96M	-8.54M	-9.55M	-6.80M
Other Equity RE	-0.61M	1.28M	1.26M	5.07M	6.62M
Minority Interest	24.69M	24.05M	24.16M	23.44M	23.20M
Book Value Per Share	0.17	0.16	0.16	0.16	0.15
Tangible Book Value	297.18M	294.00M	291.36M	289.66M	289.71M
Tangible Book Value Per Share	0.17	0.16	0.16	0.16	0.15
Filing Date Shares Outstanding	1.79B	1.82B	1.81B	1.85B	1.92B
Total Common Shares Outstanding	1.79B	1.82B	1.81B	1.85B	1.92B
Supplemental
Total Liabilities RE	265.10M	253.80M	245.98M	239.96M	224.38M