AL-ARABIY REAL ESTATE CO.

Al-Arabiya Real Estate Co.

ARABRECStocksBoursa KuwaitReal Estate

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
Operating Summary
Revenue	9.07M	9.18M	9.18M	9.48M	7.04M
Cost of Revenue	4.67M	4.63M	4.45M	4.36M	3.38M
Gross Profit	4.40M	4.55M	4.73M	5.12M	3.66M
SG&A	328.75K	517.76K	356.64K	282.70K	307.06K
Operating Expenses	1.52M	2.23M	1.26M	2.68M	2.38M
Operating Income	2.88M	2.31M	3.47M	2.43M	1.27M
Interest Expense	-4.15M	-4.55M	-5.21M	-4.09M	-3.40M
Other Income/Expense	—	-16.35K	295.49K	186.43K	—
Pretax Income	-0.81M	1.61M	2.79M	2.09M	-10.50M
Income Tax	—	13.31K	18.59K	24.89K	—
Net Income	-0.81M	1.59M	2.77M	2.06M	-10.50M
EBITDA	3.55M	2.95M	4.14M	3.09M	1.95M
EBIT	2.88M	2.31M	3.47M	2.43M	1.27M
EPS (Basic)	-0.00	0.00	0.01	0.01	-0.03
EPS (Diluted)	-0.00	0.00	0.01	0.01	-0.03
DPS	—	0.00	0.00	—	—
Margins & Efficiency
Gross Margin %	+48.5%	+49.5%	+51.5%	+54.0%	+52.0%
EBITDA Margin %	+39.2%	+32.1%	+45.1%	+32.6%	+27.7%
Net Margin %	-9.0%	+17.4%	+30.1%	+21.7%	-149.3%
Revenue & Income
Revenue	9.07M	9.18M	9.18M	9.48M	7.04M
Revenue as Reported	—	—	13.74M	13.33M	-1.34M
Revenue Growth (YoY)	-1.1%	0.0%	-3.2%	+34.8%	+0.7%
Operating Revenue	8.11M	7.89M	8.96M	9.35M	6.93M
Other Revenue	0.96M	1.28M	0.22M	0.13M	0.10M
Gain (Loss) on Sale of Assets	-0.19M	-4.41M	1.40M	0.18M	-0.17M
Currency Exchange Gain (Loss)	—	—	-15.78K	-109.67K	49.42K
Expenses & Provisions
Cost of Revenue	4.67M	4.63M	4.45M	4.36M	3.38M
Selling, General & Admin	328.75K	517.76K	356.64K	282.70K	307.06K
Operating Expenses	1.52M	2.23M	1.26M	2.68M	2.38M
Other Operating Expenses	0.52M	1.08M	0.02M	1.71M	1.35M
Interest Expense	-4.15M	-4.55M	-5.21M	-4.09M	-3.40M
Other Non Operating Income (Expenses)	—	-16.35K	295.49K	186.43K	—
Asset Writedown	0.57M	2.28M	1.85M	3.49M	-8.25M
D&A For EBITDA	670.01K	637.59K	667.59K	663.02K	679.94K
Profitability & Returns
Gross Profit	4.40M	4.55M	4.73M	5.12M	3.66M
Gross Margin	+48.5%	+49.5%	+51.5%	+54.0%	+52.0%
EBIT	2.88M	2.31M	3.47M	2.43M	1.27M
EBIT Margin	+31.8%	+25.2%	+37.8%	+25.6%	+18.1%
EBITDA	3.55M	2.95M	4.14M	3.09M	1.95M
EBITDA Margin	+39.2%	+32.1%	+45.1%	+32.6%	+27.7%
EBT Excluding Unusual Items	-1.27M	-2.25M	-1.46M	-1.58M	-2.08M
Pretax Income	-0.81M	1.61M	2.79M	2.09M	-10.50M
Operating Income	2.88M	2.31M	3.47M	2.43M	1.27M
Operating Margin	+31.8%	+25.2%	+37.8%	+25.6%	+18.1%
Profit Margin	-9.0%	+17.4%	+30.1%	+21.7%	-149.3%
Net Income	-0.81M	1.59M	2.77M	2.06M	-10.50M
Net Income to Common	-0.81M	1.59M	2.77M	2.06M	-10.50M
Net Income Growth	—	-42.4%	+34.3%	—	—
Income Tax Expense	—	13.31K	18.59K	24.89K	—
Effective Tax Rate	—	+0.8%	+0.7%	+1.2%	—
Per Share & Capital
EPS (Basic)	-0.00	0.00	0.01	0.01	-0.03
EPS (Diluted)	-0.00	0.00	0.01	0.01	-0.03
EPS Growth	—	-42.1%	+34.5%	—	—
Dividend Per Share	—	0.00	0.00	—	—
Shares Change (YoY)	0.01	-0.01	-0	-0	—
Shares Outstanding (Basic)	383.01M	379.70M	381.73M	382.51M	382.51M
Shares Outstanding (Diluted)	383.01M	379.70M	381.73M	382.51M	382.51M
Dividend Growth	—	-14.3%	—	—	—
Free Cash Flow	2.30M	2.60M	2.92M	4.48M	1.72M
Free Cash Flow Margin	+25.3%	+28.4%	+31.8%	+47.3%	+24.4%
Free Cash Flow Per Share	0.01	0.01	0.01	0.01	0.00
Payout Ratio	—	+63.2%	—	—	—
Supplemental
Other Unusual Items	0.08M	5.99M	0.99M	—	—

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
Operating Summary
Revenue	9.07M	9.18M	9.18M	9.48M	7.04M
Cost of Revenue	4.67M	4.63M	4.45M	4.36M	3.38M
Gross Profit	4.40M	4.55M	4.73M	5.12M	3.66M
SG&A	328.75K	517.76K	356.64K	282.70K	307.06K
Operating Expenses	1.52M	2.23M	1.26M	2.68M	2.38M
Operating Income	2.88M	2.31M	3.47M	2.43M	1.27M
Interest Expense	-4.15M	-4.55M	-5.21M	-4.09M	-3.40M
Other Income/Expense	—	-16.35K	295.49K	186.43K	—
Pretax Income	-0.81M	1.61M	2.79M	2.09M	-10.50M
Income Tax	—	13.31K	18.59K	24.89K	—
Net Income	-0.81M	1.59M	2.77M	2.06M	-10.50M
EBITDA	3.55M	2.95M	4.14M	3.09M	1.95M
EBIT	2.88M	2.31M	3.47M	2.43M	1.27M
EPS (Basic)	-0.00	0.00	0.01	0.01	-0.03
EPS (Diluted)	-0.00	0.00	0.01	0.01	-0.03
DPS	—	0.00	0.00	—	—
Margins & Efficiency
Gross Margin %	+48.5%	+49.5%	+51.5%	+54.0%	+52.0%
EBITDA Margin %	+39.2%	+32.1%	+45.1%	+32.6%	+27.7%
Net Margin %	-9.0%	+17.4%	+30.1%	+21.7%	-149.3%
Revenue & Income
Revenue	9.07M	9.18M	9.18M	9.48M	7.04M
Revenue as Reported	—	—	13.74M	13.33M	-1.34M
Revenue Growth (YoY)	-1.1%	0.0%	-3.2%	+34.8%	+0.7%
Operating Revenue	8.11M	7.89M	8.96M	9.35M	6.93M
Other Revenue	0.96M	1.28M	0.22M	0.13M	0.10M
Gain (Loss) on Sale of Assets	-0.19M	-4.41M	1.40M	0.18M	-0.17M
Currency Exchange Gain (Loss)	—	—	-15.78K	-109.67K	49.42K
Expenses & Provisions
Cost of Revenue	4.67M	4.63M	4.45M	4.36M	3.38M
Selling, General & Admin	328.75K	517.76K	356.64K	282.70K	307.06K
Operating Expenses	1.52M	2.23M	1.26M	2.68M	2.38M
Other Operating Expenses	0.52M	1.08M	0.02M	1.71M	1.35M
Interest Expense	-4.15M	-4.55M	-5.21M	-4.09M	-3.40M
Other Non Operating Income (Expenses)	—	-16.35K	295.49K	186.43K	—
Asset Writedown	0.57M	2.28M	1.85M	3.49M	-8.25M
D&A For EBITDA	670.01K	637.59K	667.59K	663.02K	679.94K
Profitability & Returns
Gross Profit	4.40M	4.55M	4.73M	5.12M	3.66M
Gross Margin	+48.5%	+49.5%	+51.5%	+54.0%	+52.0%
EBIT	2.88M	2.31M	3.47M	2.43M	1.27M
EBIT Margin	+31.8%	+25.2%	+37.8%	+25.6%	+18.1%
EBITDA	3.55M	2.95M	4.14M	3.09M	1.95M
EBITDA Margin	+39.2%	+32.1%	+45.1%	+32.6%	+27.7%
EBT Excluding Unusual Items	-1.27M	-2.25M	-1.46M	-1.58M	-2.08M
Pretax Income	-0.81M	1.61M	2.79M	2.09M	-10.50M
Operating Income	2.88M	2.31M	3.47M	2.43M	1.27M
Operating Margin	+31.8%	+25.2%	+37.8%	+25.6%	+18.1%
Profit Margin	-9.0%	+17.4%	+30.1%	+21.7%	-149.3%
Net Income	-0.81M	1.59M	2.77M	2.06M	-10.50M
Net Income to Common	-0.81M	1.59M	2.77M	2.06M	-10.50M
Net Income Growth	—	-42.4%	+34.3%	—	—
Income Tax Expense	—	13.31K	18.59K	24.89K	—
Effective Tax Rate	—	+0.8%	+0.7%	+1.2%	—
Per Share & Capital
EPS (Basic)	-0.00	0.00	0.01	0.01	-0.03
EPS (Diluted)	-0.00	0.00	0.01	0.01	-0.03
EPS Growth	—	-42.1%	+34.5%	—	—
Dividend Per Share	—	0.00	0.00	—	—
Shares Change (YoY)	0.01	-0.01	-0	-0	—
Shares Outstanding (Basic)	383.01M	379.70M	381.73M	382.51M	382.51M
Shares Outstanding (Diluted)	383.01M	379.70M	381.73M	382.51M	382.51M
Dividend Growth	—	-14.3%	—	—	—
Free Cash Flow	2.30M	2.60M	2.92M	4.48M	1.72M
Free Cash Flow Margin	+25.3%	+28.4%	+31.8%	+47.3%	+24.4%
Free Cash Flow Per Share	0.01	0.01	0.01	0.01	0.00
Payout Ratio	—	+63.2%	—	—	—
Supplemental
Other Unusual Items	0.08M	5.99M	0.99M	—	—