AJIAL REAL ESTATE ENTERTAINMENT CO.

Ajial Real Estate Entertainment Co.(K.S.C.)

AREECStocksBoursa KuwaitDiversified Financials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	12.61M	12.16M	9.75M	4.61M	5.07M
Interest Expense	-1.48M	-1.62M	-1.69M	-0.78M	-0.43M
Pretax Income	6.34M	5.94M	4.49M	4.00M	4.17M
Income Tax	36.26K	30.80K	15.26K	—	5.89K
Net Income	6.30M	5.91M	4.47M	4.00M	4.17M
Rental Revenue	6.07M	5.97M	4.78M	2.21M	1.33M
Property Expenses	2.82M	2.66M	2.16M	0.61M	0.34M
Operating Income	8.15M	7.93M	6.23M	2.79M	3.42M
EPS (Basic)	0.03	0.03	0.02	0.02	0.02
EPS (Diluted)	0.03	0.03	0.02	0.02	0.02
DPS	0.02	0.02	0.01	0.00	0.00
Margins & Efficiency
Net Margin %	+50.0%	+48.6%	+45.9%	+86.9%	+82.1%
Revenue & Income
Revenue Growth (YoY)	+3.7%	+24.8%	+111.5%	-9.2%	+29.7%
Revenue RE	12.61M	12.16M	9.75M	4.61M	5.07M
Rental Revenue	6.07M	5.97M	4.78M	2.21M	1.33M
Other Revenue RE	6.29M	5.65M	4.60M	2.62M	3.34M
Gain Investments Rev Real Estate	-61.81K	264.34K	134.70K	-217.35K	332.94K
Expenses & Provisions
SG&A RE	1.22M	1.17M	1.10M	1.15M	1.12M
Total Operating Expenses RE	4.46M	4.23M	3.52M	1.82M	1.65M
Interest Expense RE	-1.48M	-1.62M	-1.69M	-0.78M	-0.43M
Other Non Oper Exp Suppl RE	-22.77K	-20.81K	-9.01K	28.59K	36.11K
Property Expenses	2.82M	2.66M	2.16M	0.61M	0.34M
Legal Settlements RE	—	—	—	—	822.19K
Asset Writedown	-0.31M	-0.35M	-0.05M	1.96M	0.33M
D&A For EBITDA	221.66K	219.35K	158.61K	77.74K	94.63K
Profitability & Returns
EBIT	8.15M	7.93M	6.23M	2.79M	3.42M
EBIT Margin	+64.7%	+65.2%	+63.9%	+60.5%	+67.4%
EBITDA	8.38M	8.15M	6.39M	2.87M	3.51M
EBITDA Margin	+66.4%	+67.0%	+65.6%	+62.2%	+69.3%
EBT Excl RE	6.65M	6.29M	4.53M	2.04M	3.03M
Pretax Income	6.34M	5.94M	4.49M	4.00M	4.17M
Operating Income RE	8.15M	7.93M	6.23M	2.79M	3.42M
Operating Margin	+64.7%	+65.2%	+63.9%	+60.5%	+67.4%
Profit Margin	+50.0%	+48.6%	+45.9%	+86.9%	+82.1%
Net Income	6.30M	5.91M	4.47M	4.00M	4.17M
Net Income to Common	6.30M	5.91M	4.47M	4.00M	4.17M
Net Income Growth	+6.7%	+32.2%	+11.6%	-3.9%	+202.9%
Income Tax Expense	36.26K	30.80K	15.26K	—	5.89K
Effective Tax Rate	+0.6%	+0.5%	+0.3%	—	+0.1%
Net Interest Expense RE	-1.48M	-1.62M	-1.69M	-0.78M	-0.43M
Per Share & Capital
EPS (Basic)	0.03	0.03	0.02	0.02	0.02
EPS (Diluted)	0.03	0.03	0.02	0.02	0.02
EPS Growth	+6.7%	+32.2%	+11.6%	-3.9%	+202.9%
Dividend Per Share	0.02	0.02	0.01	0.00	0.00
Shares Change (YoY)	—	—	—	0	—
Shares Outstanding (Basic)	209.19M	209.19M	209.19M	209.19M	209.19M
Shares Outstanding (Diluted)	209.19M	209.19M	209.19M	209.19M	209.19M
Dividend Growth	—	+106.2%	+106.4%	+2.2%	—
Payout Ratio	+64.9%	+33.6%	+21.5%	+22.9%	+0.2%
Supplemental
Other Operating Expenses RE	182.67K	164.93K	118.33K	60.78K	96.12K

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	12.61M	12.16M	9.75M	4.61M	5.07M
Interest Expense	-1.48M	-1.62M	-1.69M	-0.78M	-0.43M
Pretax Income	6.34M	5.94M	4.49M	4.00M	4.17M
Income Tax	36.26K	30.80K	15.26K	—	5.89K
Net Income	6.30M	5.91M	4.47M	4.00M	4.17M
Rental Revenue	6.07M	5.97M	4.78M	2.21M	1.33M
Property Expenses	2.82M	2.66M	2.16M	0.61M	0.34M
Operating Income	8.15M	7.93M	6.23M	2.79M	3.42M
EPS (Basic)	0.03	0.03	0.02	0.02	0.02
EPS (Diluted)	0.03	0.03	0.02	0.02	0.02
DPS	0.02	0.02	0.01	0.00	0.00
Margins & Efficiency
Net Margin %	+50.0%	+48.6%	+45.9%	+86.9%	+82.1%
Revenue & Income
Revenue Growth (YoY)	+3.7%	+24.8%	+111.5%	-9.2%	+29.7%
Revenue RE	12.61M	12.16M	9.75M	4.61M	5.07M
Rental Revenue	6.07M	5.97M	4.78M	2.21M	1.33M
Other Revenue RE	6.29M	5.65M	4.60M	2.62M	3.34M
Gain Investments Rev Real Estate	-61.81K	264.34K	134.70K	-217.35K	332.94K
Expenses & Provisions
SG&A RE	1.22M	1.17M	1.10M	1.15M	1.12M
Total Operating Expenses RE	4.46M	4.23M	3.52M	1.82M	1.65M
Interest Expense RE	-1.48M	-1.62M	-1.69M	-0.78M	-0.43M
Other Non Oper Exp Suppl RE	-22.77K	-20.81K	-9.01K	28.59K	36.11K
Property Expenses	2.82M	2.66M	2.16M	0.61M	0.34M
Legal Settlements RE	—	—	—	—	822.19K
Asset Writedown	-0.31M	-0.35M	-0.05M	1.96M	0.33M
D&A For EBITDA	221.66K	219.35K	158.61K	77.74K	94.63K
Profitability & Returns
EBIT	8.15M	7.93M	6.23M	2.79M	3.42M
EBIT Margin	+64.7%	+65.2%	+63.9%	+60.5%	+67.4%
EBITDA	8.38M	8.15M	6.39M	2.87M	3.51M
EBITDA Margin	+66.4%	+67.0%	+65.6%	+62.2%	+69.3%
EBT Excl RE	6.65M	6.29M	4.53M	2.04M	3.03M
Pretax Income	6.34M	5.94M	4.49M	4.00M	4.17M
Operating Income RE	8.15M	7.93M	6.23M	2.79M	3.42M
Operating Margin	+64.7%	+65.2%	+63.9%	+60.5%	+67.4%
Profit Margin	+50.0%	+48.6%	+45.9%	+86.9%	+82.1%
Net Income	6.30M	5.91M	4.47M	4.00M	4.17M
Net Income to Common	6.30M	5.91M	4.47M	4.00M	4.17M
Net Income Growth	+6.7%	+32.2%	+11.6%	-3.9%	+202.9%
Income Tax Expense	36.26K	30.80K	15.26K	—	5.89K
Effective Tax Rate	+0.6%	+0.5%	+0.3%	—	+0.1%
Net Interest Expense RE	-1.48M	-1.62M	-1.69M	-0.78M	-0.43M
Per Share & Capital
EPS (Basic)	0.03	0.03	0.02	0.02	0.02
EPS (Diluted)	0.03	0.03	0.02	0.02	0.02
EPS Growth	+6.7%	+32.2%	+11.6%	-3.9%	+202.9%
Dividend Per Share	0.02	0.02	0.01	0.00	0.00
Shares Change (YoY)	—	—	—	0	—
Shares Outstanding (Basic)	209.19M	209.19M	209.19M	209.19M	209.19M
Shares Outstanding (Diluted)	209.19M	209.19M	209.19M	209.19M	209.19M
Dividend Growth	—	+106.2%	+106.4%	+2.2%	—
Payout Ratio	+64.9%	+33.6%	+21.5%	+22.9%	+0.2%
Supplemental
Other Operating Expenses RE	182.67K	164.93K	118.33K	60.78K	96.12K