INJAZZAT REAL ESTATE DEV. CO

Injazzat Real Estate Development. Co. C.S.C. Closed

INJAZZATStocksBoursa KuwaitReal Estate

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	6.03M	7.44M	6.12M	8.68M	6.32M
Interest Expense	-1.73M	-1.83M	-2.06M	-1.90M	-1.53M
Pretax Income	2.67M	3.05M	2.37M	2.97M	2.88M
Income Tax	29.09K	33.32K	21.42K	32.60K	31.40K
Net Income	2.64M	3.02M	2.35M	2.94M	2.85M
Rental Revenue	3.41M	2.92M	3.13M	2.92M	2.71M
Property Expenses	1.11M	1.19M	1.07M	1.45M	1.33M
Operating Income	3.42M	4.56M	3.53M	5.63M	3.46M
EPS (Basic)	0.01	0.01	0.01	0.01	0.01
EPS (Diluted)	0.01	0.01	0.01	0.01	0.01
DPS	0.01	0.01	0.01	0.01	0.01
Margins & Efficiency
Net Margin %	+43.7%	+40.6%	+38.4%	+33.8%	+45.1%
Revenue & Income
Revenue as Reported	7.04M	7.79M	7.04M	8.26M	7.30M
Revenue Growth (YoY)	-19.0%	+21.5%	-29.5%	+37.5%	+20.1%
Revenue RE	6.03M	7.44M	6.12M	8.68M	6.32M
Rental Revenue	3.41M	2.92M	3.13M	2.92M	2.71M
Other Revenue RE	0.86M	1.09M	1.22M	1.95M	0.90M
Gain Assets Rev Real Estate	—	1.03M	0.44M	3.06M	1.74M
Gain Investments RE	—	—	—	-311.89K	—
Gain Investments Rev Real Estate	0.19M	1.07M	0.05M	-0.10M	-0.08M
Currency Exchange Gain (Loss)	-29.83K	25.43K	28.76K	113.93K	-42.53K
Expenses & Provisions
SG&A RE	535.31K	586.71K	429.78K	446.86K	452.92K
Total Operating Expenses RE	2.61M	2.88M	2.59M	3.05M	2.86M
Interest Expense RE	-1.73M	-1.83M	-2.06M	-1.90M	-1.53M
Other Non Oper Exp Suppl RE	-28.31K	-28.57K	-22.28K	-28.35K	-27.08K
Property Expenses	1.11M	1.19M	1.07M	1.45M	1.33M
Asset Writedown	1.04M	0.33M	0.89M	-0.53M	1.02M
D&A For EBITDA	8.09K	7.85K	39.05K	45.47K	45.30K
Dep Amor RE	141.95K	143.77K	152.63K	189.26K	174.99K
Profitability & Returns
EBIT	3.42M	4.56M	3.53M	5.63M	3.46M
EBIT Margin	+56.7%	+61.3%	+57.7%	+64.8%	+54.7%
EBITDA	3.42M	4.56M	3.57M	5.67M	3.50M
EBITDA Margin	+56.8%	+61.4%	+58.4%	+65.3%	+55.4%
EBT Excl RE	1.63M	2.72M	1.48M	3.82M	1.85M
Pretax Income	2.67M	3.05M	2.37M	2.97M	2.88M
Operating Income RE	3.42M	4.56M	3.53M	5.63M	3.46M
Operating Margin	+56.7%	+61.3%	+57.7%	+64.8%	+54.7%
Profit Margin	+43.7%	+40.6%	+38.4%	+33.8%	+45.1%
Net Income	2.64M	3.02M	2.35M	2.94M	2.85M
Net Income to Common	2.64M	3.02M	2.35M	2.94M	2.85M
Net Income Growth	-12.6%	+28.5%	-20.0%	+3.2%	+242.3%
Earnings From Continuing Ops.	2.64M	3.02M	2.35M	2.94M	2.85M
Income Tax Expense	29.09K	33.32K	21.42K	32.60K	31.40K
Effective Tax Rate	+1.1%	+1.1%	+0.9%	+1.1%	+1.1%
Net Interest Expense RE	-1.73M	-1.83M	-2.06M	-1.90M	-1.53M
Per Share & Capital
EPS (Basic)	0.01	0.01	0.01	0.01	0.01
EPS (Diluted)	0.01	0.01	0.01	0.01	0.01
EPS Growth	-13.2%	+28.5%	-20.0%	+1.0%	+246.2%
Dividend Per Share	0.01	0.01	0.01	0.01	0.01
Shares Change (YoY)	0.01	—	-0	0.02	-0.01
Shares Outstanding (Basic)	340.69M	338.34M	338.34M	338.44M	331.06M
Shares Outstanding (Diluted)	340.69M	338.34M	338.34M	338.44M	331.06M
Dividend Growth	+20.0%	—	—	—	—
Payout Ratio	+64.2%	+56.1%	+72.0%	+57.6%	—
Supplemental
Other Operating Expenses RE	820.44K	962.14K	932.42K	965.73K	907.13K
Property Management Fees	218.38K	188.18K	141.51K	108.95K	113.14K

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	6.03M	7.44M	6.12M	8.68M	6.32M
Interest Expense	-1.73M	-1.83M	-2.06M	-1.90M	-1.53M
Pretax Income	2.67M	3.05M	2.37M	2.97M	2.88M
Income Tax	29.09K	33.32K	21.42K	32.60K	31.40K
Net Income	2.64M	3.02M	2.35M	2.94M	2.85M
Rental Revenue	3.41M	2.92M	3.13M	2.92M	2.71M
Property Expenses	1.11M	1.19M	1.07M	1.45M	1.33M
Operating Income	3.42M	4.56M	3.53M	5.63M	3.46M
EPS (Basic)	0.01	0.01	0.01	0.01	0.01
EPS (Diluted)	0.01	0.01	0.01	0.01	0.01
DPS	0.01	0.01	0.01	0.01	0.01
Margins & Efficiency
Net Margin %	+43.7%	+40.6%	+38.4%	+33.8%	+45.1%
Revenue & Income
Revenue as Reported	7.04M	7.79M	7.04M	8.26M	7.30M
Revenue Growth (YoY)	-19.0%	+21.5%	-29.5%	+37.5%	+20.1%
Revenue RE	6.03M	7.44M	6.12M	8.68M	6.32M
Rental Revenue	3.41M	2.92M	3.13M	2.92M	2.71M
Other Revenue RE	0.86M	1.09M	1.22M	1.95M	0.90M
Gain Assets Rev Real Estate	—	1.03M	0.44M	3.06M	1.74M
Gain Investments RE	—	—	—	-311.89K	—
Gain Investments Rev Real Estate	0.19M	1.07M	0.05M	-0.10M	-0.08M
Currency Exchange Gain (Loss)	-29.83K	25.43K	28.76K	113.93K	-42.53K
Expenses & Provisions
SG&A RE	535.31K	586.71K	429.78K	446.86K	452.92K
Total Operating Expenses RE	2.61M	2.88M	2.59M	3.05M	2.86M
Interest Expense RE	-1.73M	-1.83M	-2.06M	-1.90M	-1.53M
Other Non Oper Exp Suppl RE	-28.31K	-28.57K	-22.28K	-28.35K	-27.08K
Property Expenses	1.11M	1.19M	1.07M	1.45M	1.33M
Asset Writedown	1.04M	0.33M	0.89M	-0.53M	1.02M
D&A For EBITDA	8.09K	7.85K	39.05K	45.47K	45.30K
Dep Amor RE	141.95K	143.77K	152.63K	189.26K	174.99K
Profitability & Returns
EBIT	3.42M	4.56M	3.53M	5.63M	3.46M
EBIT Margin	+56.7%	+61.3%	+57.7%	+64.8%	+54.7%
EBITDA	3.42M	4.56M	3.57M	5.67M	3.50M
EBITDA Margin	+56.8%	+61.4%	+58.4%	+65.3%	+55.4%
EBT Excl RE	1.63M	2.72M	1.48M	3.82M	1.85M
Pretax Income	2.67M	3.05M	2.37M	2.97M	2.88M
Operating Income RE	3.42M	4.56M	3.53M	5.63M	3.46M
Operating Margin	+56.7%	+61.3%	+57.7%	+64.8%	+54.7%
Profit Margin	+43.7%	+40.6%	+38.4%	+33.8%	+45.1%
Net Income	2.64M	3.02M	2.35M	2.94M	2.85M
Net Income to Common	2.64M	3.02M	2.35M	2.94M	2.85M
Net Income Growth	-12.6%	+28.5%	-20.0%	+3.2%	+242.3%
Earnings From Continuing Ops.	2.64M	3.02M	2.35M	2.94M	2.85M
Income Tax Expense	29.09K	33.32K	21.42K	32.60K	31.40K
Effective Tax Rate	+1.1%	+1.1%	+0.9%	+1.1%	+1.1%
Net Interest Expense RE	-1.73M	-1.83M	-2.06M	-1.90M	-1.53M
Per Share & Capital
EPS (Basic)	0.01	0.01	0.01	0.01	0.01
EPS (Diluted)	0.01	0.01	0.01	0.01	0.01
EPS Growth	-13.2%	+28.5%	-20.0%	+1.0%	+246.2%
Dividend Per Share	0.01	0.01	0.01	0.01	0.01
Shares Change (YoY)	0.01	—	-0	0.02	-0.01
Shares Outstanding (Basic)	340.69M	338.34M	338.34M	338.44M	331.06M
Shares Outstanding (Diluted)	340.69M	338.34M	338.34M	338.44M	331.06M
Dividend Growth	+20.0%	—	—	—	—
Payout Ratio	+64.2%	+56.1%	+72.0%	+57.6%	—
Supplemental
Other Operating Expenses RE	820.44K	962.14K	932.42K	965.73K	907.13K
Property Management Fees	218.38K	188.18K	141.51K	108.95K	113.14K