AL-MAZAYA HOLDING CO.

Al-Mazaya Holding Co. SAKC

MAZAYAStocksBoursa 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	11.76M	12.98M	15.93M	15.72M	13.24M
Interest Expense	-4.37M	-5.35M	-7.53M	-5.67M	-4.72M
Pretax Income	1.77M	1.83M	-3.49M	-11.43M	0.43M
Income Tax	41.75K	414.60K	—	—	—
Net Income	1.73M	1.22M	-26.51M	-12.99M	0.47M
Rental Revenue	11.27M	12.37M	12.61M	11.59M	9.56M
Property Expenses	2.65M	3.31M	4.92M	5.75M	4.74M
Operating Income	6.48M	6.92M	6.75M	6.33M	4.93M
EPS (Basic)	0.00	0.00	-0.06	-0.03	0.00
EPS (Diluted)	0.00	0.00	-0.06	-0.03	0.00
Margins & Efficiency
Net Margin %	+14.7%	+9.4%	-166.4%	-82.6%	+3.6%
Revenue & Income
Revenue as Reported	11.88M	13.26M	15.92M	15.69M	13.24M
Revenue Growth (YoY)	-9.4%	-18.5%	+1.3%	+18.7%	-27.4%
Revenue RE	11.76M	12.98M	15.93M	15.72M	13.24M
Rental Revenue	11.27M	12.37M	12.61M	11.59M	9.56M
Other Revenue RE	0.40M	0.52M	3.32M	3.82M	3.40M
Gain Assets RE	0.54M	0.94M	3.58M	-0.25M	-0.48M
Gain Investments RE	34.89K	128.56K	-26.87K	-77.53K	-38.68K
Expenses & Provisions
SG&A RE	2.59M	2.71M	4.04M	3.46M	3.49M
Total Operating Expenses RE	5.28M	6.07M	9.17M	9.39M	8.31M
Interest Expense RE	-4.37M	-5.35M	-7.53M	-5.67M	-4.72M
Other Non Oper Exp Suppl RE	0.45M	-0.93M	-0.71M	-1.00M	0.45M
Property Expenses	2.65M	3.31M	4.92M	5.75M	4.74M
Legal Settlements RE	-0.26M	-1.16M	-0.50M	-0.70M	1.84M
Asset Writedown	-1.10M	0.15M	-3.20M	-10.06M	-1.55M
Impairment of Goodwill	—	—	-2.25M	—	—
D&A For EBITDA	39.60K	47.84K	170.33K	188.57K	150.51K
Dep Amor RE	39.60K	47.84K	213.00K	175.76K	88.42K
Profitability & Returns
EBIT	6.48M	6.92M	6.75M	6.33M	4.93M
EBIT Margin	+55.1%	+53.3%	+42.4%	+40.3%	+37.2%
EBITDA	6.52M	6.96M	6.92M	6.52M	5.08M
EBITDA Margin	+55.4%	+53.6%	+43.5%	+41.5%	+38.3%
EBT Excl RE	2.55M	0.63M	-1.48M	-0.34M	0.66M
Pretax Income	1.77M	1.83M	-3.49M	-11.43M	0.43M
Operating Income RE	6.48M	6.92M	6.75M	6.33M	4.93M
Operating Margin	+55.1%	+53.3%	+42.4%	+40.3%	+37.2%
Profit Margin	+14.7%	+9.4%	-166.4%	-82.6%	+3.6%
Net Income	1.73M	1.22M	-26.51M	-12.99M	0.47M
Net Income to Common	1.73M	1.22M	-26.51M	-12.99M	0.47M
Net Income to Company	1.73M	1.41M	-26.08M	-13.36M	0.78M
Net Income Growth	+42.4%	—	—	—	—
Earnings From Continuing Ops.	1.73M	1.41M	-3.49M	-11.43M	0.43M
Earnings From Discontinued Ops.	—	—	-22.59M	-1.92M	0.36M
Minority Interest in Earnings	1.36K	-195.95K	-429.23K	369.34K	-309.45K
Income Tax Expense	41.75K	414.60K	—	—	—
Effective Tax Rate	+2.4%	+22.7%	—	—	—
Net Interest Expense RE	-4.37M	-5.35M	-7.53M	-5.67M	-4.72M
Per Share & Capital
EPS (Basic)	0.00	0.00	-0.06	-0.03	0.00
EPS (Diluted)	0.00	0.00	-0.06	-0.03	0.00
EPS Growth	+40.7%	—	—	—	—
Shares Change (YoY)	0.01	0.08	-0.05	0	0
Shares Outstanding (Basic)	499.77M	493.71M	459.05M	484.75M	484.70M
Shares Outstanding (Diluted)	499.77M	493.71M	459.05M	484.75M	484.70M
Payout Ratio	+0.1%	+2.1%	—	—	+0.7%
Supplemental
Other Unusual RE	—	1.13M	0.40M	—	—
Property Management Fees	89.83K	89.96K	—	299.70K	278.32K

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	11.76M	12.98M	15.93M	15.72M	13.24M
Interest Expense	-4.37M	-5.35M	-7.53M	-5.67M	-4.72M
Pretax Income	1.77M	1.83M	-3.49M	-11.43M	0.43M
Income Tax	41.75K	414.60K	—	—	—
Net Income	1.73M	1.22M	-26.51M	-12.99M	0.47M
Rental Revenue	11.27M	12.37M	12.61M	11.59M	9.56M
Property Expenses	2.65M	3.31M	4.92M	5.75M	4.74M
Operating Income	6.48M	6.92M	6.75M	6.33M	4.93M
EPS (Basic)	0.00	0.00	-0.06	-0.03	0.00
EPS (Diluted)	0.00	0.00	-0.06	-0.03	0.00
Margins & Efficiency
Net Margin %	+14.7%	+9.4%	-166.4%	-82.6%	+3.6%
Revenue & Income
Revenue as Reported	11.88M	13.26M	15.92M	15.69M	13.24M
Revenue Growth (YoY)	-9.4%	-18.5%	+1.3%	+18.7%	-27.4%
Revenue RE	11.76M	12.98M	15.93M	15.72M	13.24M
Rental Revenue	11.27M	12.37M	12.61M	11.59M	9.56M
Other Revenue RE	0.40M	0.52M	3.32M	3.82M	3.40M
Gain Assets RE	0.54M	0.94M	3.58M	-0.25M	-0.48M
Gain Investments RE	34.89K	128.56K	-26.87K	-77.53K	-38.68K
Expenses & Provisions
SG&A RE	2.59M	2.71M	4.04M	3.46M	3.49M
Total Operating Expenses RE	5.28M	6.07M	9.17M	9.39M	8.31M
Interest Expense RE	-4.37M	-5.35M	-7.53M	-5.67M	-4.72M
Other Non Oper Exp Suppl RE	0.45M	-0.93M	-0.71M	-1.00M	0.45M
Property Expenses	2.65M	3.31M	4.92M	5.75M	4.74M
Legal Settlements RE	-0.26M	-1.16M	-0.50M	-0.70M	1.84M
Asset Writedown	-1.10M	0.15M	-3.20M	-10.06M	-1.55M
Impairment of Goodwill	—	—	-2.25M	—	—
D&A For EBITDA	39.60K	47.84K	170.33K	188.57K	150.51K
Dep Amor RE	39.60K	47.84K	213.00K	175.76K	88.42K
Profitability & Returns
EBIT	6.48M	6.92M	6.75M	6.33M	4.93M
EBIT Margin	+55.1%	+53.3%	+42.4%	+40.3%	+37.2%
EBITDA	6.52M	6.96M	6.92M	6.52M	5.08M
EBITDA Margin	+55.4%	+53.6%	+43.5%	+41.5%	+38.3%
EBT Excl RE	2.55M	0.63M	-1.48M	-0.34M	0.66M
Pretax Income	1.77M	1.83M	-3.49M	-11.43M	0.43M
Operating Income RE	6.48M	6.92M	6.75M	6.33M	4.93M
Operating Margin	+55.1%	+53.3%	+42.4%	+40.3%	+37.2%
Profit Margin	+14.7%	+9.4%	-166.4%	-82.6%	+3.6%
Net Income	1.73M	1.22M	-26.51M	-12.99M	0.47M
Net Income to Common	1.73M	1.22M	-26.51M	-12.99M	0.47M
Net Income to Company	1.73M	1.41M	-26.08M	-13.36M	0.78M
Net Income Growth	+42.4%	—	—	—	—
Earnings From Continuing Ops.	1.73M	1.41M	-3.49M	-11.43M	0.43M
Earnings From Discontinued Ops.	—	—	-22.59M	-1.92M	0.36M
Minority Interest in Earnings	1.36K	-195.95K	-429.23K	369.34K	-309.45K
Income Tax Expense	41.75K	414.60K	—	—	—
Effective Tax Rate	+2.4%	+22.7%	—	—	—
Net Interest Expense RE	-4.37M	-5.35M	-7.53M	-5.67M	-4.72M
Per Share & Capital
EPS (Basic)	0.00	0.00	-0.06	-0.03	0.00
EPS (Diluted)	0.00	0.00	-0.06	-0.03	0.00
EPS Growth	+40.7%	—	—	—	—
Shares Change (YoY)	0.01	0.08	-0.05	0	0
Shares Outstanding (Basic)	499.77M	493.71M	459.05M	484.75M	484.70M
Shares Outstanding (Diluted)	499.77M	493.71M	459.05M	484.75M	484.70M
Payout Ratio	+0.1%	+2.1%	—	—	+0.7%
Supplemental
Other Unusual RE	—	1.13M	0.40M	—	—
Property Management Fees	89.83K	89.96K	—	299.70K	278.32K