MANAZEL HOLDING CO.

Manazel Holding Co.

MANAZELStocksBoursa KuwaitReal Estate

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (KWD)

1-5

	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024	Q3 2024Sep 30, 2024
Operating Summary
Revenue	1.48M	2.59M	0.97M	1.07M	0.76M
Cost of Revenue	0.34M	1.07M	0.65M	0.27M	0.63M
Gross Profit	1.14M	1.51M	0.33M	0.80M	0.13M
SG&A	0.22M	0.35M	0.26M	0.50M	0.26M
Operating Expenses	0.29M	0.38M	0.28M	0.51M	0.28M
Operating Income	0.85M	1.13M	0.05M	0.29M	-0.15M
Interest Expense	-2.54K	-3.68K	-2.66K	-3.15K	-4.13K
Other Income/Expense	1.11M	0.12M	0.12M	0.11M	0.18M
Pretax Income	1.97M	1.25M	0.17M	0.38M	-0.01M
Income Tax	437.22K	358.73K	68.31K	132.24K	13.06K
Net Income	1.32M	0.47M	0.03M	0.08M	-0.05M
EBITDA	0.85M	1.14M	0.06M	0.29M	-0.15M
EBIT	0.85M	1.13M	0.05M	0.29M	-0.15M
EPS (Basic)	0.00	0.00	0.00	0.00	-0.00
EPS (Diluted)	0.00	0.00	0.00	0.00	-0.00
Margins & Efficiency
Gross Margin %	+76.8%	+58.5%	+33.8%	+74.6%	+16.9%
EBITDA Margin %	+57.6%	+43.9%	+5.9%	+27.1%	-20.1%
Net Margin %	+89.1%	+18.0%	+3.3%	+7.4%	-5.9%
Revenue & Income
Revenue	1.48M	2.59M	0.97M	1.07M	0.76M
Revenue as Reported	1.48M	2.59M	0.97M	3.20M	0.76M
Revenue Growth (YoY)	+94.6%	+337.5%	+25.4%	-81.2%	+613.8%
Operating Revenue	1.48M	2.59M	0.97M	1.07M	0.76M
Other Revenue	—	—	—	—	—
Gain (Loss) on Sale of Assets	—	—	—	—	—
Gain (Loss) on Sale of Investments	—	—	—	—	—
Currency Exchange Gain (Loss)	29.90K	7.67K	7.43K	-31.53K	-29.35K
Expenses & Provisions
Cost of Revenue	0.34M	1.07M	0.65M	0.27M	0.63M
Selling, General & Admin	0.22M	0.35M	0.26M	0.50M	0.26M
Operating Expenses	0.29M	0.38M	0.28M	0.51M	0.28M
Other Operating Expenses	54.32K	15.45K	7.95K	10.50K	12.25K
Interest Expense	-2.54K	-3.68K	-2.66K	-3.15K	-4.13K
Other Non Operating Income (Expenses)	1.11M	0.12M	0.12M	0.11M	0.18M
Asset Writedown	—	—	—	22.74K	—
D&A For EBITDA	2.04K	1.96K	9.18K	1.94K	1.81K
Profitability & Returns
Gross Profit	1.14M	1.51M	0.33M	0.80M	0.13M
Gross Margin	+76.8%	+58.5%	+33.8%	+74.6%	+16.9%
EBIT	0.85M	1.13M	0.05M	0.29M	-0.15M
EBIT Margin	+57.5%	+43.8%	+4.9%	+26.9%	-20.3%
EBITDA	0.85M	1.14M	0.06M	0.29M	-0.15M
EBITDA Margin	+57.6%	+43.9%	+5.9%	+27.1%	-20.1%
EBT Excluding Unusual Items	1.99M	1.26M	0.17M	0.36M	-0.01M
Pretax Income	1.97M	1.25M	0.17M	0.38M	-0.01M
Operating Income	0.85M	1.13M	0.05M	0.29M	-0.15M
Operating Margin	+57.5%	+43.8%	+4.9%	+26.9%	-20.3%
Profit Margin	+89.1%	+18.0%	+3.3%	+7.4%	-5.9%
Net Income	1.32M	0.47M	0.03M	0.08M	-0.05M
Net Income to Common	1.32M	0.47M	0.03M	0.08M	-0.05M
Net Income Growth	—	—	-70.1%	-55.7%	—
Earnings From Continuing Ops.	1.53M	0.89M	0.10M	0.25M	-0.02M
Minority Interest in Earnings	-214.71K	-429.06K	-72.05K	-172.31K	-21.38K
Income Tax Expense	437.22K	358.73K	68.31K	132.24K	13.06K
Effective Tax Rate	+22.2%	+28.6%	+39.6%	+34.5%	—
Per Share & Capital
EPS (Basic)	0.00	0.00	0.00	0.00	-0.00
EPS (Diluted)	0.00	0.00	0.00	0.00	-0.00
EPS Growth	—	—	-70.1%	-55.8%	—
Shares Change (YoY)	—	—	—	—	—
Shares Outstanding (Basic)	430.43M	430.43M	430.43M	430.43M	430.43M
Shares Outstanding (Diluted)	430.43M	430.43M	430.43M	430.43M	430.43M
Free Cash Flow	0.97M	0.64M	0.15M	-0.61M	-10.23M
Free Cash Flow Margin	+65.9%	+24.8%	+15.1%	-57.1%	-1,346.0%
Free Cash Flow Per Share	0.00	0.00	0.00	-0.00	-0.02
Supplemental
Other Unusual Items	-18.73K	-5.40K	-0.90K	—	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (KWD)

1-5

	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024	Q3 2024Sep 30, 2024
Operating Summary
Revenue	1.48M	2.59M	0.97M	1.07M	0.76M
Cost of Revenue	0.34M	1.07M	0.65M	0.27M	0.63M
Gross Profit	1.14M	1.51M	0.33M	0.80M	0.13M
SG&A	0.22M	0.35M	0.26M	0.50M	0.26M
Operating Expenses	0.29M	0.38M	0.28M	0.51M	0.28M
Operating Income	0.85M	1.13M	0.05M	0.29M	-0.15M
Interest Expense	-2.54K	-3.68K	-2.66K	-3.15K	-4.13K
Other Income/Expense	1.11M	0.12M	0.12M	0.11M	0.18M
Pretax Income	1.97M	1.25M	0.17M	0.38M	-0.01M
Income Tax	437.22K	358.73K	68.31K	132.24K	13.06K
Net Income	1.32M	0.47M	0.03M	0.08M	-0.05M
EBITDA	0.85M	1.14M	0.06M	0.29M	-0.15M
EBIT	0.85M	1.13M	0.05M	0.29M	-0.15M
EPS (Basic)	0.00	0.00	0.00	0.00	-0.00
EPS (Diluted)	0.00	0.00	0.00	0.00	-0.00
Margins & Efficiency
Gross Margin %	+76.8%	+58.5%	+33.8%	+74.6%	+16.9%
EBITDA Margin %	+57.6%	+43.9%	+5.9%	+27.1%	-20.1%
Net Margin %	+89.1%	+18.0%	+3.3%	+7.4%	-5.9%
Revenue & Income
Revenue	1.48M	2.59M	0.97M	1.07M	0.76M
Revenue as Reported	1.48M	2.59M	0.97M	3.20M	0.76M
Revenue Growth (YoY)	+94.6%	+337.5%	+25.4%	-81.2%	+613.8%
Operating Revenue	1.48M	2.59M	0.97M	1.07M	0.76M
Other Revenue	—	—	—	—	—
Gain (Loss) on Sale of Assets	—	—	—	—	—
Gain (Loss) on Sale of Investments	—	—	—	—	—
Currency Exchange Gain (Loss)	29.90K	7.67K	7.43K	-31.53K	-29.35K
Expenses & Provisions
Cost of Revenue	0.34M	1.07M	0.65M	0.27M	0.63M
Selling, General & Admin	0.22M	0.35M	0.26M	0.50M	0.26M
Operating Expenses	0.29M	0.38M	0.28M	0.51M	0.28M
Other Operating Expenses	54.32K	15.45K	7.95K	10.50K	12.25K
Interest Expense	-2.54K	-3.68K	-2.66K	-3.15K	-4.13K
Other Non Operating Income (Expenses)	1.11M	0.12M	0.12M	0.11M	0.18M
Asset Writedown	—	—	—	22.74K	—
D&A For EBITDA	2.04K	1.96K	9.18K	1.94K	1.81K
Profitability & Returns
Gross Profit	1.14M	1.51M	0.33M	0.80M	0.13M
Gross Margin	+76.8%	+58.5%	+33.8%	+74.6%	+16.9%
EBIT	0.85M	1.13M	0.05M	0.29M	-0.15M
EBIT Margin	+57.5%	+43.8%	+4.9%	+26.9%	-20.3%
EBITDA	0.85M	1.14M	0.06M	0.29M	-0.15M
EBITDA Margin	+57.6%	+43.9%	+5.9%	+27.1%	-20.1%
EBT Excluding Unusual Items	1.99M	1.26M	0.17M	0.36M	-0.01M
Pretax Income	1.97M	1.25M	0.17M	0.38M	-0.01M
Operating Income	0.85M	1.13M	0.05M	0.29M	-0.15M
Operating Margin	+57.5%	+43.8%	+4.9%	+26.9%	-20.3%
Profit Margin	+89.1%	+18.0%	+3.3%	+7.4%	-5.9%
Net Income	1.32M	0.47M	0.03M	0.08M	-0.05M
Net Income to Common	1.32M	0.47M	0.03M	0.08M	-0.05M
Net Income Growth	—	—	-70.1%	-55.7%	—
Earnings From Continuing Ops.	1.53M	0.89M	0.10M	0.25M	-0.02M
Minority Interest in Earnings	-214.71K	-429.06K	-72.05K	-172.31K	-21.38K
Income Tax Expense	437.22K	358.73K	68.31K	132.24K	13.06K
Effective Tax Rate	+22.2%	+28.6%	+39.6%	+34.5%	—
Per Share & Capital
EPS (Basic)	0.00	0.00	0.00	0.00	-0.00
EPS (Diluted)	0.00	0.00	0.00	0.00	-0.00
EPS Growth	—	—	-70.1%	-55.8%	—
Shares Change (YoY)	—	—	—	—	—
Shares Outstanding (Basic)	430.43M	430.43M	430.43M	430.43M	430.43M
Shares Outstanding (Diluted)	430.43M	430.43M	430.43M	430.43M	430.43M
Free Cash Flow	0.97M	0.64M	0.15M	-0.61M	-10.23M
Free Cash Flow Margin	+65.9%	+24.8%	+15.1%	-57.1%	-1,346.0%
Free Cash Flow Per Share	0.00	0.00	0.00	-0.00	-0.02
Supplemental
Other Unusual Items	-18.73K	-5.40K	-0.90K	—	—