Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual (KWD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Assets
Cash & Equivalents	4.87M	7.09M	6.40M	8.01M	3.60M
Cash & Short-Term Investments	4.87M	7.09M	6.40M	8.01M	3.60M
Receivables	9.23M	8.51M	5.17M	2.47M	1.49M
Inventory	0.44M	0.38M	0.94M	1.00M	1.07M
Current Assets	14.55M	16.00M	12.52M	11.50M	6.17M
PP&E	40.25M	42.36M	44.16M	44.74M	46.57M
Total Assets	84.17M	85.01M	86.24M	90.40M	87.22M
Liabilities
Accounts Payable	—	7.12M	5.95M	24.83M	21.85M
Current Liabilities	15.57M	19.79M	18.60M	35.43M	35.19M
Long-Term Debt	23.25M	27.99M	32.72M	37.46M	35.54M
Total Debt	41.45M	46.83M	51.84M	61.55M	62.39M
Total Liabilities	51.78M	65.96M	72.95M	92.08M	89.83M
Equity & Ownership
Retained Earnings	11.95M	-0.17M	-6.07M	-18.86M	-20.07M
Total Equity	32.38M	19.05M	13.30M	-1.68M	-2.61M
Net Debt	36.58M	39.74M	45.45M	53.54M	58.79M
Shares Outstanding	322,000,000	322,000,000	322,000,000	322,000,000	322,000,000
Cash & Assets
Total Assets	84.17M	85.01M	86.24M	90.40M	87.22M
Total Current Assets	14.55M	16.00M	12.52M	11.50M	6.17M
Cash & Equivalents	4.87M	7.09M	6.40M	8.01M	3.60M
Cash & Short-Term Investments	4.87M	7.09M	6.40M	8.01M	3.60M
Net Cash (Debt)	-36.58M	-39.74M	-45.45M	-53.54M	-58.79M
Net Cash Per Share	-0.11	-0.12	-0.14	-0.17	-0.18
Cash Growth	-31.4%	+10.9%	-20.2%	+122.4%	+9.2%
Accounts Receivable	7.59M	7.64M	4.75M	0.35M	0.46M
Other Receivables	1.63M	0.87M	0.42M	2.11M	1.02M
Receivables	9.23M	8.51M	5.17M	2.47M	1.49M
Inventory	0.44M	0.38M	0.94M	1.00M	1.07M
Prepaid Expenses	19.52K	17.63K	17.46K	14.57K	14.81K
Property, Plant & Equipment	40.25M	42.36M	44.16M	44.74M	46.57M
Other Long-Term Assets	11.65M	12.00M	12.11M	14.70M	15.03M
Long-Term Leases	12.13M	12.76M	13.07M	13.50M	13.52M
Current Portion of Leases	1.34M	1.35M	1.31M	1.35M	1.01M
Loans & Investments
Long-Term Investments	17.72M	14.66M	17.46M	19.47M	19.43M
Liabilities & Obligations
Total Liabilities	51.78M	65.96M	72.95M	92.08M	89.83M
Total Liabilities & Equity	84.17M	85.01M	86.24M	90.40M	87.22M
Total Current Liabilities	15.57M	19.79M	18.60M	35.43M	35.19M
Accounts Payable	—	7.12M	5.95M	24.83M	21.85M
Accrued Expenses	2.00M	—	—	—	—
Current Income Taxes Payable	2.05M	6.59M	6.60M	—	—
Current Unearned Revenue	1.18M	—	—	—	—
Other Current Liabilities	4.26M	—	—	—	—
Pension & Post-Retirement Benefits	833.84K	764.70K	722.75K	656.80K	599.36K
Other Long-Term Liabilities	—	4.66M	7.82M	5.04M	4.98M
Debt & Funding
Long-Term Debt	23.25M	27.99M	32.72M	37.46M	35.54M
Total Debt	41.45M	46.83M	51.84M	61.55M	62.39M
Current Portion of Long-Term Debt	4.74M	4.74M	4.74M	9.25M	12.32M
Equity & Book Value
Shareholders' Equity	32.38M	19.05M	13.30M	-1.68M	-2.61M
Total Common Equity	41.71M	29.23M	23.48M	10.50M	9.59M
Common Stock	32.20M	32.20M	32.20M	32.20M	32.20M
Retained Earnings	11.95M	-0.17M	-6.07M	-18.86M	-20.07M
Comprehensive Income & Other	-2.44M	-2.81M	-2.65M	-2.84M	-2.54M
Minority Interest	-9.33M	-10.18M	-10.19M	-12.18M	-12.20M
Book Value Per Share	0.13	0.09	0.07	0.03	0.03
Tangible Book Value	41.71M	29.23M	23.48M	10.50M	9.59M
Tangible Book Value Per Share	0.13	0.09	0.07	0.03	0.03
Filing Date Shares Outstanding	322.00M	322.00M	322.00M	322.00M	322.00M
Total Common Shares Outstanding	322.00M	322.00M	322.00M	322.00M	322.00M
Working Capital	-1.02M	-3.80M	-6.08M	-23.93M	-29.01M

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
Assets
Cash & Equivalents	4.87M	7.09M	6.40M	8.01M	3.60M
Cash & Short-Term Investments	4.87M	7.09M	6.40M	8.01M	3.60M
Receivables	9.23M	8.51M	5.17M	2.47M	1.49M
Inventory	0.44M	0.38M	0.94M	1.00M	1.07M
Current Assets	14.55M	16.00M	12.52M	11.50M	6.17M
PP&E	40.25M	42.36M	44.16M	44.74M	46.57M
Total Assets	84.17M	85.01M	86.24M	90.40M	87.22M
Liabilities
Accounts Payable	—	7.12M	5.95M	24.83M	21.85M
Current Liabilities	15.57M	19.79M	18.60M	35.43M	35.19M
Long-Term Debt	23.25M	27.99M	32.72M	37.46M	35.54M
Total Debt	41.45M	46.83M	51.84M	61.55M	62.39M
Total Liabilities	51.78M	65.96M	72.95M	92.08M	89.83M
Equity & Ownership
Retained Earnings	11.95M	-0.17M	-6.07M	-18.86M	-20.07M
Total Equity	32.38M	19.05M	13.30M	-1.68M	-2.61M
Net Debt	36.58M	39.74M	45.45M	53.54M	58.79M
Shares Outstanding	322,000,000	322,000,000	322,000,000	322,000,000	322,000,000
Cash & Assets
Total Assets	84.17M	85.01M	86.24M	90.40M	87.22M
Total Current Assets	14.55M	16.00M	12.52M	11.50M	6.17M
Cash & Equivalents	4.87M	7.09M	6.40M	8.01M	3.60M
Cash & Short-Term Investments	4.87M	7.09M	6.40M	8.01M	3.60M
Net Cash (Debt)	-36.58M	-39.74M	-45.45M	-53.54M	-58.79M
Net Cash Per Share	-0.11	-0.12	-0.14	-0.17	-0.18
Cash Growth	-31.4%	+10.9%	-20.2%	+122.4%	+9.2%
Accounts Receivable	7.59M	7.64M	4.75M	0.35M	0.46M
Other Receivables	1.63M	0.87M	0.42M	2.11M	1.02M
Receivables	9.23M	8.51M	5.17M	2.47M	1.49M
Inventory	0.44M	0.38M	0.94M	1.00M	1.07M
Prepaid Expenses	19.52K	17.63K	17.46K	14.57K	14.81K
Property, Plant & Equipment	40.25M	42.36M	44.16M	44.74M	46.57M
Other Long-Term Assets	11.65M	12.00M	12.11M	14.70M	15.03M
Long-Term Leases	12.13M	12.76M	13.07M	13.50M	13.52M
Current Portion of Leases	1.34M	1.35M	1.31M	1.35M	1.01M
Loans & Investments
Long-Term Investments	17.72M	14.66M	17.46M	19.47M	19.43M
Liabilities & Obligations
Total Liabilities	51.78M	65.96M	72.95M	92.08M	89.83M
Total Liabilities & Equity	84.17M	85.01M	86.24M	90.40M	87.22M
Total Current Liabilities	15.57M	19.79M	18.60M	35.43M	35.19M
Accounts Payable	—	7.12M	5.95M	24.83M	21.85M
Accrued Expenses	2.00M	—	—	—	—
Current Income Taxes Payable	2.05M	6.59M	6.60M	—	—
Current Unearned Revenue	1.18M	—	—	—	—
Other Current Liabilities	4.26M	—	—	—	—
Pension & Post-Retirement Benefits	833.84K	764.70K	722.75K	656.80K	599.36K
Other Long-Term Liabilities	—	4.66M	7.82M	5.04M	4.98M
Debt & Funding
Long-Term Debt	23.25M	27.99M	32.72M	37.46M	35.54M
Total Debt	41.45M	46.83M	51.84M	61.55M	62.39M
Current Portion of Long-Term Debt	4.74M	4.74M	4.74M	9.25M	12.32M
Equity & Book Value
Shareholders' Equity	32.38M	19.05M	13.30M	-1.68M	-2.61M
Total Common Equity	41.71M	29.23M	23.48M	10.50M	9.59M
Common Stock	32.20M	32.20M	32.20M	32.20M	32.20M
Retained Earnings	11.95M	-0.17M	-6.07M	-18.86M	-20.07M
Comprehensive Income & Other	-2.44M	-2.81M	-2.65M	-2.84M	-2.54M
Minority Interest	-9.33M	-10.18M	-10.19M	-12.18M	-12.20M
Book Value Per Share	0.13	0.09	0.07	0.03	0.03
Tangible Book Value	41.71M	29.23M	23.48M	10.50M	9.59M
Tangible Book Value Per Share	0.13	0.09	0.07	0.03	0.03
Filing Date Shares Outstanding	322.00M	322.00M	322.00M	322.00M	322.00M
Total Common Shares Outstanding	322.00M	322.00M	322.00M	322.00M	322.00M
Working Capital	-1.02M	-3.80M	-6.08M	-23.93M	-29.01M

Financials

Annual (KWD)

MUNSHAAT REAL ESTATE PROJECTS CO

Annual (KWD)