United Real Estate Company

URCStocksBoursa 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
Assets
Cash & Equivalents	17.93M	10.83M	8.82M	9.61M	9.68M
Cash & Short-Term Investments	18.93M	19.35M	32.01M	17.61M	17.94M
Receivables	41.33M	44.15M	45.36M	47.72M	46.42M
Inventory	31.39M	34.01M	34.28M	32.82M	31.49M
Current Assets	95.13M	100.61M	114.95M	99.81M	98.86M
PP&E	540.46M	531.85M	522.80M	524.78M	524.77M
Intangible Assets	1.26M	1.28M	1.32M	1.36M	1.39M
Total Assets	687.60M	683.51M	688.63M	675.01M	671.97M
Liabilities
Accounts Payable	66.76M	66.14M	57.14M	67.96M	66.98M
Current Liabilities	95.23M	92.00M	88.91M	93.94M	91.25M
Long-Term Debt	332.20M	335.16M	353.61M	338.36M	342.53M
Short-Term Debt	11.78M	2.54M	2.71M	2.67M	12.56M
Total Debt	374.94M	372.99M	376.53M	364.33M	370.24M
Total Liabilities	477.95M	473.79M	477.59M	466.58M	467.68M
Equity & Ownership
Retained Earnings	42.26M	40.91M	51.47M	49.15M	46.73M
Total Equity	209.65M	209.73M	211.04M	208.43M	204.29M
Net Debt	356.01M	353.63M	344.52M	346.72M	352.31M
Shares Outstanding	1,435,523,635	1,435,523,635	1,367,166,993	1,367,166,993	1,367,166,993
Cash & Assets
Total Assets	687.60M	683.51M	688.63M	675.01M	671.97M
Total Current Assets	95.13M	100.61M	114.95M	99.81M	98.86M
Cash & Equivalents	17.93M	10.83M	8.82M	9.61M	9.68M
Cash & Short-Term Investments	18.93M	19.35M	32.01M	17.61M	17.94M
Net Cash (Debt)	-356.01M	-353.63M	-344.52M	-346.72M	-352.31M
Net Cash Per Share	-0.26	-0.26	-0.25	-0.25	-0.26
Cash Growth	+5.5%	+6.1%	+14.6%	-32.0%	-49.3%
Accounts Receivable	41.33M	44.15M	45.36M	45.85M	46.42M
Other Receivables	—	—	—	1.87M	—
Receivables	41.33M	44.15M	45.36M	47.72M	46.42M
Inventory	31.39M	34.01M	34.28M	32.82M	31.49M
Prepaid Expenses	1.63M	1.32M	1.44M	1.66M	1.38M
Construction In Progress	32.99M	—	—	—	14.54M
Land	360.06M	—	—	—	371.34M
Buildings	180.84M	—	—	—	179.63M
Machinery	44.11M	—	—	—	53.00M
Property, Plant & Equipment	540.46M	531.85M	522.80M	524.78M	524.77M
Other Intangible Assets	1.26M	1.28M	1.32M	1.36M	1.39M
Other Current Assets	1.84M	1.78M	1.86M	—	1.63M
Long-Term Leases	14.26M	11.97M	—	—	3.44M
Current Portion of Leases	1.02M	—	—	—	1.30M
Loans & Investments
Short-Term Investments	1.00M	8.53M	23.19M	8.00M	8.25M
Long-Term Investments	50.75M	49.77M	49.56M	49.05M	46.96M
Liabilities & Obligations
Total Liabilities	477.95M	473.79M	477.59M	466.58M	467.68M
Total Liabilities & Equity	687.60M	683.51M	688.63M	675.01M	671.97M
Total Current Liabilities	95.23M	92.00M	88.91M	93.94M	91.25M
Accounts Payable	66.76M	66.14M	57.14M	67.96M	66.98M
Current Unearned Revenue	—	—	—	—	—
Other Current Liabilities	—	—	8.84M	—	—
Long-Term Deferred Tax Liabilities	30.07M	25.76M	25.46M	25.08M	24.77M
Other Long-Term Liabilities	6.19M	8.90M	9.60M	9.20M	5.69M
Debt & Funding
Long-Term Debt	332.20M	335.16M	353.61M	338.36M	342.53M
Short-Term Debt	11.78M	2.54M	2.71M	2.67M	12.56M
Total Debt	374.94M	372.99M	376.53M	364.33M	370.24M
Current Portion of Long-Term Debt	15.68M	23.32M	20.21M	23.31M	10.41M
Equity & Book Value
Shareholders' Equity	209.65M	209.73M	211.04M	208.43M	204.29M
Total Common Equity	203.12M	201.66M	202.58M	199.93M	196.38M
Common Stock	143.05M	143.05M	143.05M	143.05M	143.05M
Additional Paid-In Capital	15.55M	15.55M	16.04M	16.04M	15.55M
Retained Earnings	42.26M	40.91M	51.47M	49.15M	46.73M
Treasury Stock	-7.65M	-7.65M	-15.50M	-15.50M	-15.50M
Comprehensive Income & Other	9.90M	9.80M	7.52M	7.19M	6.55M
Minority Interest	6.54M	8.06M	8.46M	8.50M	7.91M
Book Value Per Share	0.14	0.14	0.15	0.15	0.14
Tangible Book Value	201.86M	200.38M	201.26M	198.57M	194.99M
Tangible Book Value Per Share	0.14	0.14	0.15	0.15	0.14
Filing Date Shares Outstanding	1.44B	1.44B	1.37B	1.37B	1.37B
Total Common Shares Outstanding	1.44B	1.44B	1.37B	1.37B	1.37B
Working Capital	-0.11M	8.61M	26.04M	5.87M	7.60M

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
Assets
Cash & Equivalents	17.93M	10.83M	8.82M	9.61M	9.68M
Cash & Short-Term Investments	18.93M	19.35M	32.01M	17.61M	17.94M
Receivables	41.33M	44.15M	45.36M	47.72M	46.42M
Inventory	31.39M	34.01M	34.28M	32.82M	31.49M
Current Assets	95.13M	100.61M	114.95M	99.81M	98.86M
PP&E	540.46M	531.85M	522.80M	524.78M	524.77M
Intangible Assets	1.26M	1.28M	1.32M	1.36M	1.39M
Total Assets	687.60M	683.51M	688.63M	675.01M	671.97M
Liabilities
Accounts Payable	66.76M	66.14M	57.14M	67.96M	66.98M
Current Liabilities	95.23M	92.00M	88.91M	93.94M	91.25M
Long-Term Debt	332.20M	335.16M	353.61M	338.36M	342.53M
Short-Term Debt	11.78M	2.54M	2.71M	2.67M	12.56M
Total Debt	374.94M	372.99M	376.53M	364.33M	370.24M
Total Liabilities	477.95M	473.79M	477.59M	466.58M	467.68M
Equity & Ownership
Retained Earnings	42.26M	40.91M	51.47M	49.15M	46.73M
Total Equity	209.65M	209.73M	211.04M	208.43M	204.29M
Net Debt	356.01M	353.63M	344.52M	346.72M	352.31M
Shares Outstanding	1,435,523,635	1,435,523,635	1,367,166,993	1,367,166,993	1,367,166,993
Cash & Assets
Total Assets	687.60M	683.51M	688.63M	675.01M	671.97M
Total Current Assets	95.13M	100.61M	114.95M	99.81M	98.86M
Cash & Equivalents	17.93M	10.83M	8.82M	9.61M	9.68M
Cash & Short-Term Investments	18.93M	19.35M	32.01M	17.61M	17.94M
Net Cash (Debt)	-356.01M	-353.63M	-344.52M	-346.72M	-352.31M
Net Cash Per Share	-0.26	-0.26	-0.25	-0.25	-0.26
Cash Growth	+5.5%	+6.1%	+14.6%	-32.0%	-49.3%
Accounts Receivable	41.33M	44.15M	45.36M	45.85M	46.42M
Other Receivables	—	—	—	1.87M	—
Receivables	41.33M	44.15M	45.36M	47.72M	46.42M
Inventory	31.39M	34.01M	34.28M	32.82M	31.49M
Prepaid Expenses	1.63M	1.32M	1.44M	1.66M	1.38M
Construction In Progress	32.99M	—	—	—	14.54M
Land	360.06M	—	—	—	371.34M
Buildings	180.84M	—	—	—	179.63M
Machinery	44.11M	—	—	—	53.00M
Property, Plant & Equipment	540.46M	531.85M	522.80M	524.78M	524.77M
Other Intangible Assets	1.26M	1.28M	1.32M	1.36M	1.39M
Other Current Assets	1.84M	1.78M	1.86M	—	1.63M
Long-Term Leases	14.26M	11.97M	—	—	3.44M
Current Portion of Leases	1.02M	—	—	—	1.30M
Loans & Investments
Short-Term Investments	1.00M	8.53M	23.19M	8.00M	8.25M
Long-Term Investments	50.75M	49.77M	49.56M	49.05M	46.96M
Liabilities & Obligations
Total Liabilities	477.95M	473.79M	477.59M	466.58M	467.68M
Total Liabilities & Equity	687.60M	683.51M	688.63M	675.01M	671.97M
Total Current Liabilities	95.23M	92.00M	88.91M	93.94M	91.25M
Accounts Payable	66.76M	66.14M	57.14M	67.96M	66.98M
Current Unearned Revenue	—	—	—	—	—
Other Current Liabilities	—	—	8.84M	—	—
Long-Term Deferred Tax Liabilities	30.07M	25.76M	25.46M	25.08M	24.77M
Other Long-Term Liabilities	6.19M	8.90M	9.60M	9.20M	5.69M
Debt & Funding
Long-Term Debt	332.20M	335.16M	353.61M	338.36M	342.53M
Short-Term Debt	11.78M	2.54M	2.71M	2.67M	12.56M
Total Debt	374.94M	372.99M	376.53M	364.33M	370.24M
Current Portion of Long-Term Debt	15.68M	23.32M	20.21M	23.31M	10.41M
Equity & Book Value
Shareholders' Equity	209.65M	209.73M	211.04M	208.43M	204.29M
Total Common Equity	203.12M	201.66M	202.58M	199.93M	196.38M
Common Stock	143.05M	143.05M	143.05M	143.05M	143.05M
Additional Paid-In Capital	15.55M	15.55M	16.04M	16.04M	15.55M
Retained Earnings	42.26M	40.91M	51.47M	49.15M	46.73M
Treasury Stock	-7.65M	-7.65M	-15.50M	-15.50M	-15.50M
Comprehensive Income & Other	9.90M	9.80M	7.52M	7.19M	6.55M
Minority Interest	6.54M	8.06M	8.46M	8.50M	7.91M
Book Value Per Share	0.14	0.14	0.15	0.15	0.14
Tangible Book Value	201.86M	200.38M	201.26M	198.57M	194.99M
Tangible Book Value Per Share	0.14	0.14	0.15	0.15	0.14
Filing Date Shares Outstanding	1.44B	1.44B	1.37B	1.37B	1.37B
Total Common Shares Outstanding	1.44B	1.44B	1.37B	1.37B	1.37B
Working Capital	-0.11M	8.61M	26.04M	5.87M	7.60M