THE NATIONAL REAL ESTATE COMPANY

National Real Estate Co. S.A.K.

NREStocksBoursa KuwaitReal Estate

Financials

1-5

	CurrentMar 10, 2026	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Market & Price
Market Capitalization	283.69M	151.05M	156.23M	124.28M	232.27M
Market Cap Growth	+56.4%	-3.3%	+25.7%	-46.5%	-32.4%
Enterprise Value	400.37M	270.15M	263.29M	233.90M	339.91M
Last Close Price	0.14	0.07	0.07	0.06	0.11
Valuation Multiples
PE Ratio	—	—	16.78	—	12.95
PS Ratio	-2.78	-3.27	5.76	-19.35	5.34
PB Ratio	1.09	0.46	0.41	0.36	0.65
P/TBV Ratio	1.10	0.46	0.42	0.36	0.66
P/OCF Ratio	—	—	13,137.63	387.41	—
EV/Sales Ratio	—	—	9.70	—	7.82
EV/EBITDA Ratio	—	—	13.43	—	17.06
EV/EBIT Ratio	—	—	13.65	—	17.14
Leverage & Capital
Debt / Equity Ratio	0.59	0.47	0.38	0.38	0.36
Debt / EBITDA Ratio	—	—	7.30	—	6.34
Net Debt / Equity Ratio	0.44	0.34	0.26	0.30	0.28
Net Debt / EBITDA Ratio	-1.03	-2.04	4.94	-4.16	5.02
Efficiency & Liquidity
Asset Turnover	—	—	0.05	—	0.07
Inventory Turnover	0.04	0.03	0.05	0.13	0.24
Quick Ratio	0.84	1.37	1.42	1.46	2.36
Current Ratio	1.94	2.36	2.35	2.92	4.96
Returns & Yields
Return on Equity (ROE)	-41.3%	-20.4%	+2.7%	-9.8%	+4.5%
Return on Assets (ROA)	-13.5%	-6.1%	+2.2%	-3.0%	+2.1%
Return on Invested Capital (ROIC)	-24.6%	-10.9%	+3.6%	-5.2%	+3.6%
Earnings Yield	-44.9%	-47.9%	+6.0%	-28.3%	+7.7%
Buyback Yield / Dilution	+0.6%	+0.3%	-1.6%	-0.9%	+0.6%

KWD 0.14

Official close

-0.7%

Price as of August 6, 2026 · Market close

Prices may be delayed by up to 30 minutes.

1-5

	CurrentMar 10, 2026	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Market & Price
Market Capitalization	283.69M	151.05M	156.23M	124.28M	232.27M
Market Cap Growth	+56.4%	-3.3%	+25.7%	-46.5%	-32.4%
Enterprise Value	400.37M	270.15M	263.29M	233.90M	339.91M
Last Close Price	0.14	0.07	0.07	0.06	0.11
Valuation Multiples
PE Ratio	—	—	16.78	—	12.95
PS Ratio	-2.78	-3.27	5.76	-19.35	5.34
PB Ratio	1.09	0.46	0.41	0.36	0.65
P/TBV Ratio	1.10	0.46	0.42	0.36	0.66
P/OCF Ratio	—	—	13,137.63	387.41	—
EV/Sales Ratio	—	—	9.70	—	7.82
EV/EBITDA Ratio	—	—	13.43	—	17.06
EV/EBIT Ratio	—	—	13.65	—	17.14
Leverage & Capital
Debt / Equity Ratio	0.59	0.47	0.38	0.38	0.36
Debt / EBITDA Ratio	—	—	7.30	—	6.34
Net Debt / Equity Ratio	0.44	0.34	0.26	0.30	0.28
Net Debt / EBITDA Ratio	-1.03	-2.04	4.94	-4.16	5.02
Efficiency & Liquidity
Asset Turnover	—	—	0.05	—	0.07
Inventory Turnover	0.04	0.03	0.05	0.13	0.24
Quick Ratio	0.84	1.37	1.42	1.46	2.36
Current Ratio	1.94	2.36	2.35	2.92	4.96
Returns & Yields
Return on Equity (ROE)	-41.3%	-20.4%	+2.7%	-9.8%	+4.5%
Return on Assets (ROA)	-13.5%	-6.1%	+2.2%	-3.0%	+2.1%
Return on Invested Capital (ROIC)	-24.6%	-10.9%	+3.6%	-5.2%	+3.6%
Earnings Yield	-44.9%	-47.9%	+6.0%	-28.3%	+7.7%
Buyback Yield / Dilution	+0.6%	+0.3%	-1.6%	-0.9%	+0.6%