THE NATIONAL REAL ESTATE COMPANY

National Real Estate Co. S.A.K.

NREStocksBoursa KuwaitReal Estate

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Assets
Cash & Equivalents	25.13M	9.80M	11.65M	11.68M	13.35M
Receivables	5.22M	8.34M	9.54M	16.82M	13.17M
PP&E	10.53M	10.03M	10.34M	10.28M	20.89M
Total Assets	574.01M	533.17M	538.75M	654.15M	491.12M
Liabilities
Long-Term Debt	119.65M	117.90M	123.60M	105.35M	122.22M
Total Liabilities	196.63M	182.69M	179.02M	200.16M	207.73M
Equity & Ownership
Total Equity	377.38M	350.48M	359.73M	453.99M	283.40M
Shares Outstanding	2,103,151,862	2,073,890,904	2,048,598,320	2,050,720,038	2,090,715,382
Cash & Assets
Total Assets	574.01M	533.17M	538.75M	654.15M	491.12M
Cash & Equivalents	25.13M	9.80M	11.65M	11.68M	13.35M
Net Cash (Debt)	-96.82M	-104.28M	-99.98M	-98.88M	-98.93M
Net Cash Per Share	-0.05	-0.05	-0.05	-0.05	-0.05
Accounts Receivable	5.22M	8.34M	9.54M	16.82M	13.17M
Other Receivables	3.27M	3.45M	5.31M	2.68M	3.94M
Construction In Progress	—	—	—	—	9.57M
Buildings	—	—	3.30M	3.38M	3.37M
Property, Plant & Equipment	10.53M	10.03M	10.34M	10.28M	20.89M
Other Current Assets RE	36.22M	40.38M	47.43M	61.95M	77.33M
Other Long Term Assets RE	466.43M	437.62M	437.90M	535.30M	345.33M
Long-Term Leases	845.79K	345.22K	404.19K	205.62K	447.70K
Current Portion of Leases	4.12K	6.75K	236.21K	223.83K	193.56K
Loans & Investments
Long Term Investments RE	5.96M	4.84M	—	—	—
Trading Asset Securities	21.25M	18.70M	16.59M	15.44M	17.12M
Liabilities & Obligations
Total Liabilities & Equity	574.01M	533.17M	538.75M	654.15M	491.12M
Accounts Payable RE	9.88M	8.78M	8.71M	9.08M	8.84M
Accrued Expenses RE	6.16M	4.28M	5.32M	10.87M	4.96M
Long-Term Unearned Revenue	25.82M	23.95M	23.53M	29.72M	36.44M
Other Long Term Liabilities RE	10.62M	12.02M	12.11M	23.45M	27.17M
Debt & Funding
Total Debt	143.20M	132.78M	128.21M	126.00M	129.40M
Current Port Long Term Debt RE	22.70M	14.53M	3.97M	20.23M	6.54M
Long Term Debt RE	119.65M	117.90M	123.60M	105.35M	122.22M
Equity & Book Value
Shareholders' Equity	377.38M	350.48M	359.73M	453.99M	283.40M
Total Common Equity	373.86M	346.28M	354.73M	448.21M	273.61M
Common Stock	208.03M	198.13M	198.13M	165.11M	157.24M
Additional Paid-In Capital	5.27M	5.27M	5.27M	5.27M	5.27M
Retained Earnings	273.14M	274.20M	309.38M	325.45M	138.21M
Treasury Stock	-10.32M	-14.03M	-17.34M	-14.35M	-7.86M
Other Equity RE	-102.26M	-117.28M	-140.71M	-33.26M	-19.25M
Minority Interest	3.52M	4.20M	5.00M	5.78M	9.79M
Book Value Per Share	0.18	0.17	0.17	0.22	0.13
Tangible Book Value	373.86M	346.28M	354.73M	448.21M	273.61M
Tangible Book Value Per Share	0.18	0.17	0.17	0.22	0.13
Filing Date Shares Outstanding	2.10B	2.07B	2.05B	2.05B	2.09B
Total Common Shares Outstanding	2.10B	2.07B	2.05B	2.05B	2.09B
Supplemental
Total Liabilities RE	196.63M	182.69M	179.02M	200.16M	207.73M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Assets
Cash & Equivalents	25.13M	9.80M	11.65M	11.68M	13.35M
Receivables	5.22M	8.34M	9.54M	16.82M	13.17M
PP&E	10.53M	10.03M	10.34M	10.28M	20.89M
Total Assets	574.01M	533.17M	538.75M	654.15M	491.12M
Liabilities
Long-Term Debt	119.65M	117.90M	123.60M	105.35M	122.22M
Total Liabilities	196.63M	182.69M	179.02M	200.16M	207.73M
Equity & Ownership
Total Equity	377.38M	350.48M	359.73M	453.99M	283.40M
Shares Outstanding	2,103,151,862	2,073,890,904	2,048,598,320	2,050,720,038	2,090,715,382
Cash & Assets
Total Assets	574.01M	533.17M	538.75M	654.15M	491.12M
Cash & Equivalents	25.13M	9.80M	11.65M	11.68M	13.35M
Net Cash (Debt)	-96.82M	-104.28M	-99.98M	-98.88M	-98.93M
Net Cash Per Share	-0.05	-0.05	-0.05	-0.05	-0.05
Accounts Receivable	5.22M	8.34M	9.54M	16.82M	13.17M
Other Receivables	3.27M	3.45M	5.31M	2.68M	3.94M
Construction In Progress	—	—	—	—	9.57M
Buildings	—	—	3.30M	3.38M	3.37M
Property, Plant & Equipment	10.53M	10.03M	10.34M	10.28M	20.89M
Other Current Assets RE	36.22M	40.38M	47.43M	61.95M	77.33M
Other Long Term Assets RE	466.43M	437.62M	437.90M	535.30M	345.33M
Long-Term Leases	845.79K	345.22K	404.19K	205.62K	447.70K
Current Portion of Leases	4.12K	6.75K	236.21K	223.83K	193.56K
Loans & Investments
Long Term Investments RE	5.96M	4.84M	—	—	—
Trading Asset Securities	21.25M	18.70M	16.59M	15.44M	17.12M
Liabilities & Obligations
Total Liabilities & Equity	574.01M	533.17M	538.75M	654.15M	491.12M
Accounts Payable RE	9.88M	8.78M	8.71M	9.08M	8.84M
Accrued Expenses RE	6.16M	4.28M	5.32M	10.87M	4.96M
Long-Term Unearned Revenue	25.82M	23.95M	23.53M	29.72M	36.44M
Other Long Term Liabilities RE	10.62M	12.02M	12.11M	23.45M	27.17M
Debt & Funding
Total Debt	143.20M	132.78M	128.21M	126.00M	129.40M
Current Port Long Term Debt RE	22.70M	14.53M	3.97M	20.23M	6.54M
Long Term Debt RE	119.65M	117.90M	123.60M	105.35M	122.22M
Equity & Book Value
Shareholders' Equity	377.38M	350.48M	359.73M	453.99M	283.40M
Total Common Equity	373.86M	346.28M	354.73M	448.21M	273.61M
Common Stock	208.03M	198.13M	198.13M	165.11M	157.24M
Additional Paid-In Capital	5.27M	5.27M	5.27M	5.27M	5.27M
Retained Earnings	273.14M	274.20M	309.38M	325.45M	138.21M
Treasury Stock	-10.32M	-14.03M	-17.34M	-14.35M	-7.86M
Other Equity RE	-102.26M	-117.28M	-140.71M	-33.26M	-19.25M
Minority Interest	3.52M	4.20M	5.00M	5.78M	9.79M
Book Value Per Share	0.18	0.17	0.17	0.22	0.13
Tangible Book Value	373.86M	346.28M	354.73M	448.21M	273.61M
Tangible Book Value Per Share	0.18	0.17	0.17	0.22	0.13
Filing Date Shares Outstanding	2.10B	2.07B	2.05B	2.05B	2.09B
Total Common Shares Outstanding	2.10B	2.07B	2.05B	2.05B	2.09B
Supplemental
Total Liabilities RE	196.63M	182.69M	179.02M	200.16M	207.73M