MUNSHAAT REAL ESTATE PROJECTS CO

Munshaat Real Estate Projects Co. K.S.C.C.

MUNSHAATStocksBoursa KuwaitReal Estate

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (KWD)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operations
Operating Cash Flow	6.38M	-0.05M	0.05M	0.29M	4.90M
Free Cash Flow	6.38M	-0.05M	0.05M	0.29M	4.89M
Capital Expenditures	-1.74K	-2.43K	-0.12K	-0.54K	-5.19K
Investing & Financing
Investing Cash Flow	-0.84M	-0.10M	-0.06M	-0.01M	3.68M
Financing Cash Flow	-6.55M	-0.01M	-1.31M	-0.01M	-6.91M
Dividends Paid	-3.20K	-1.37K	-0.27K	—	-1.00K
Operating Activities
Operating Cash Flow	6.38M	-0.05M	0.05M	0.29M	4.90M
Net Income	4.66M	1.17M	3.08M	3.32M	0.61M
Change in Accounts Payable	-0.43M	-1.21M	-1.53M	-1.57M	0.00M
Change in Accounts Receivable	4.77M	-1.48M	-2.48M	-2.00M	2.28M
Change in Inventory	—	—	—	—	—
Change in Working Capital	4.33M	-2.69M	-4.01M	-3.58M	2.28M
Other Operating Activities	-3.57M	0.87M	1.12M	1.14M	1.05M
Provision & Write-off of Bad Debts	0.55M	-0.01M	-0.01M	-0.00M	0.00M
Depreciation & Amortization	788.94K	781.72K	773.03K	775.52K	778.64K
Cash Interest Paid	1.80M	—	—	—	2.17M
Cash Income Tax Paid	562.94K	34.32K	448.83K	—	5.90K
Loss (Gain) on Equity Investments	-0.49M	-0.15M	-0.94M	-1.41M	0.06M
Asset Writedown & Restructuring Costs	0.10M	0.06M	0.06M	0.06M	0.16M
Investing Activities
Investing Cash Flow	-0.84M	-0.10M	-0.06M	-0.01M	3.68M
Capital Expenditures	-1.74K	-2.43K	-0.12K	-0.54K	-5.19K
Investment in Securities	—	0.14M	—	0.05M	3.67M
Other Investing Activities	-836.13K	-238.04K	-58.77K	-58.92K	11.90K
Sale (Purchase) of Real Estate	—	—	—	—	—
Sale of Property, Plant & Equipment	—	—	—	—	—
Loss (Gain) From Sale of Assets	—	—	—	—	—
Loss (Gain) on Sale of Investments	6.89K	-86.94K	-20.70K	-26.31K	-34.49K
Financing Activities
Financing Cash Flow	-6.55M	-0.01M	-1.31M	-0.01M	-6.91M
Common Dividends Paid	-3.20K	-1.37K	-0.27K	—	-1.00K
Long-Term Debt Repaid	—	—	—	-9.00K	—
Total Debt Repaid	-4.75M	-0.01M	-1.31M	-0.01M	-4.74M
Net Debt Issued (Repaid)	-4.75M	-0.01M	-1.31M	-0.01M	-4.74M
Other Financing Activities	-1.80M	—	—	—	-2.17M
Free Cash Flow & Returns
Free Cash Flow	6.38M	-0.05M	0.05M	0.29M	4.89M
Free Cash Flow Growth	+30.3%	—	—	-90.8%	—
Free Cash Flow Margin	+101.2%	-1.3%	+0.6%	+3.6%	+95.4%
Free Cash Flow Per Share	0.02	0.00	0.00	0.00	0.02
Levered Free Cash Flow	5.25M	-0.50M	-0.42M	0.11M	4.40M
Unlevered Free Cash Flow	5.64M	-0.09M	-0.02M	0.55M	4.85M
Operating Cash Flow Growth	+30.2%	—	—	-90.8%	—
Net Cash Flow	-1.01M	-0.16M	-1.33M	0.27M	1.68M
Foreign Exchange Rate Adjustments	-1.12K	1.76K	-10.44K	1.93K	15.02K

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (KWD)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operations
Operating Cash Flow	6.38M	-0.05M	0.05M	0.29M	4.90M
Free Cash Flow	6.38M	-0.05M	0.05M	0.29M	4.89M
Capital Expenditures	-1.74K	-2.43K	-0.12K	-0.54K	-5.19K
Investing & Financing
Investing Cash Flow	-0.84M	-0.10M	-0.06M	-0.01M	3.68M
Financing Cash Flow	-6.55M	-0.01M	-1.31M	-0.01M	-6.91M
Dividends Paid	-3.20K	-1.37K	-0.27K	—	-1.00K
Operating Activities
Operating Cash Flow	6.38M	-0.05M	0.05M	0.29M	4.90M
Net Income	4.66M	1.17M	3.08M	3.32M	0.61M
Change in Accounts Payable	-0.43M	-1.21M	-1.53M	-1.57M	0.00M
Change in Accounts Receivable	4.77M	-1.48M	-2.48M	-2.00M	2.28M
Change in Inventory	—	—	—	—	—
Change in Working Capital	4.33M	-2.69M	-4.01M	-3.58M	2.28M
Other Operating Activities	-3.57M	0.87M	1.12M	1.14M	1.05M
Provision & Write-off of Bad Debts	0.55M	-0.01M	-0.01M	-0.00M	0.00M
Depreciation & Amortization	788.94K	781.72K	773.03K	775.52K	778.64K
Cash Interest Paid	1.80M	—	—	—	2.17M
Cash Income Tax Paid	562.94K	34.32K	448.83K	—	5.90K
Loss (Gain) on Equity Investments	-0.49M	-0.15M	-0.94M	-1.41M	0.06M
Asset Writedown & Restructuring Costs	0.10M	0.06M	0.06M	0.06M	0.16M
Investing Activities
Investing Cash Flow	-0.84M	-0.10M	-0.06M	-0.01M	3.68M
Capital Expenditures	-1.74K	-2.43K	-0.12K	-0.54K	-5.19K
Investment in Securities	—	0.14M	—	0.05M	3.67M
Other Investing Activities	-836.13K	-238.04K	-58.77K	-58.92K	11.90K
Sale (Purchase) of Real Estate	—	—	—	—	—
Sale of Property, Plant & Equipment	—	—	—	—	—
Loss (Gain) From Sale of Assets	—	—	—	—	—
Loss (Gain) on Sale of Investments	6.89K	-86.94K	-20.70K	-26.31K	-34.49K
Financing Activities
Financing Cash Flow	-6.55M	-0.01M	-1.31M	-0.01M	-6.91M
Common Dividends Paid	-3.20K	-1.37K	-0.27K	—	-1.00K
Long-Term Debt Repaid	—	—	—	-9.00K	—
Total Debt Repaid	-4.75M	-0.01M	-1.31M	-0.01M	-4.74M
Net Debt Issued (Repaid)	-4.75M	-0.01M	-1.31M	-0.01M	-4.74M
Other Financing Activities	-1.80M	—	—	—	-2.17M
Free Cash Flow & Returns
Free Cash Flow	6.38M	-0.05M	0.05M	0.29M	4.89M
Free Cash Flow Growth	+30.3%	—	—	-90.8%	—
Free Cash Flow Margin	+101.2%	-1.3%	+0.6%	+3.6%	+95.4%
Free Cash Flow Per Share	0.02	0.00	0.00	0.00	0.02
Levered Free Cash Flow	5.25M	-0.50M	-0.42M	0.11M	4.40M
Unlevered Free Cash Flow	5.64M	-0.09M	-0.02M	0.55M	4.85M
Operating Cash Flow Growth	+30.2%	—	—	-90.8%	—
Net Cash Flow	-1.01M	-0.16M	-1.33M	0.27M	1.68M
Foreign Exchange Rate Adjustments	-1.12K	1.76K	-10.44K	1.93K	15.02K