United Real Estate Company

URCStocksBoursa KuwaitReal Estate

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (KWD)

1-5

	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024	Q3 2024Sep 30, 2024
Operations
Operating Cash Flow	8.93M	6.84M	7.17M	9.25M	10.50M
Free Cash Flow	8.49M	6.66M	6.86M	8.86M	3.84M
Capital Expenditures	-0.44M	-0.18M	-0.30M	-0.39M	-6.66M
Investing & Financing
Investing Cash Flow	-1.54M	0.93M	-0.17M	-4.92M	-10.84M
Financing Cash Flow	-21.47M	6.30M	-8.30M	-7.90M	-7.01M
Operating Activities
Operating Cash Flow	8.93M	6.84M	7.17M	9.25M	10.50M
Net Income	0.48M	2.15M	2.28M	-0.22M	1.30M
Change in Accounts Payable	-0.39M	-1.39M	-0.66M	1.72M	1.46M
Change in Accounts Receivable	2.00M	-0.31M	0.48M	-0.41M	1.21M
Change in Inventory	-0.55M	0.36M	-0.41M	—	—
Change in Other Net Operating Assets	-68.32K	-98.52K	-137.27K	537.32K	-92.34K
Change in Working Capital	1.00M	-1.43M	-0.72M	1.85M	2.58M
Other Operating Activities	6.19M	5.38M	6.84M	4.95M	6.36M
Provision & Write-off of Bad Debts	—	—	—	0.37M	—
Depreciation & Amortization	1.57M	1.75M	1.02M	0.62M	1.07M
Cash Interest Paid	5.83M	5.58M	5.27M	7.76M	4.18M
Loss (Gain) on Equity Investments	-0.30M	-1.00M	-2.25M	-1.58M	-0.81M
Asset Writedown & Restructuring Costs	—	—	—	5.69M	—
Investing Activities
Investing Cash Flow	-1.54M	0.93M	-0.17M	-4.92M	-10.84M
Capital Expenditures	-0.44M	-0.18M	-0.30M	-0.39M	-6.66M
Cash Acquisitions	—	—	—	176.49K	—
Divestitures	—	—	—	—	—
Investment in Securities	—	—	—	-4.80M	-4.78M
Other Investing Activities	-0.79M	1.29M	0.41M	1.04M	0.80M
Sale (Purchase) of Real Estate	-0.31M	-0.19M	-0.28M	-0.97M	-0.20M
Sale of Property, Plant & Equipment	—	—	—	22.46K	—
Loss (Gain) From Sale of Assets	-0.00M	-0.01M	-0.01M	-0.00M	-0.00M
Loss (Gain) on Sale of Investments	—	—	—	—	—
Financing Activities
Financing Cash Flow	-21.47M	6.30M	-8.30M	-7.90M	-7.01M
Long-Term Debt Issued	—	—	0.91M	—	—
Total Debt Issued	1.35M	14.13M	0.91M	9.38M	0.75M
Long-Term Debt Repaid	—	—	-3.94M	—	—
Total Debt Repaid	-17.00M	-2.26M	-3.94M	-9.51M	-3.57M
Net Debt Issued (Repaid)	-15.65M	11.88M	-3.04M	-0.13M	-2.82M
Other Financing Activities	-5.83M	-5.58M	-5.27M	-7.76M	-4.18M
Free Cash Flow & Returns
Free Cash Flow	8.49M	6.66M	6.86M	8.86M	3.84M
Free Cash Flow Growth	+121.4%	+61.2%	+571.8%	—	-68.0%
Free Cash Flow Margin	+32.6%	+26.3%	+29.0%	+33.0%	+17.8%
Free Cash Flow Per Share	0.01	0.01	0.01	0.01	0.00
Levered Free Cash Flow	3.40M	-0.24M	0.25M	-19.40M	-1.60M
Unlevered Free Cash Flow	6.78M	3.15M	3.66M	-15.86M	1.78M
Operating Cash Flow Growth	-14.9%	+47.7%	+387.2%	—	-20.1%
Net Cash Flow	-13.46M	14.80M	-1.41M	-0.77M	-8.10M
Foreign Exchange Rate Adjustments	0.63M	0.73M	-0.11M	2.80M	-0.75M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (KWD)

1-5

	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024	Q3 2024Sep 30, 2024
Operations
Operating Cash Flow	8.93M	6.84M	7.17M	9.25M	10.50M
Free Cash Flow	8.49M	6.66M	6.86M	8.86M	3.84M
Capital Expenditures	-0.44M	-0.18M	-0.30M	-0.39M	-6.66M
Investing & Financing
Investing Cash Flow	-1.54M	0.93M	-0.17M	-4.92M	-10.84M
Financing Cash Flow	-21.47M	6.30M	-8.30M	-7.90M	-7.01M
Operating Activities
Operating Cash Flow	8.93M	6.84M	7.17M	9.25M	10.50M
Net Income	0.48M	2.15M	2.28M	-0.22M	1.30M
Change in Accounts Payable	-0.39M	-1.39M	-0.66M	1.72M	1.46M
Change in Accounts Receivable	2.00M	-0.31M	0.48M	-0.41M	1.21M
Change in Inventory	-0.55M	0.36M	-0.41M	—	—
Change in Other Net Operating Assets	-68.32K	-98.52K	-137.27K	537.32K	-92.34K
Change in Working Capital	1.00M	-1.43M	-0.72M	1.85M	2.58M
Other Operating Activities	6.19M	5.38M	6.84M	4.95M	6.36M
Provision & Write-off of Bad Debts	—	—	—	0.37M	—
Depreciation & Amortization	1.57M	1.75M	1.02M	0.62M	1.07M
Cash Interest Paid	5.83M	5.58M	5.27M	7.76M	4.18M
Loss (Gain) on Equity Investments	-0.30M	-1.00M	-2.25M	-1.58M	-0.81M
Asset Writedown & Restructuring Costs	—	—	—	5.69M	—
Investing Activities
Investing Cash Flow	-1.54M	0.93M	-0.17M	-4.92M	-10.84M
Capital Expenditures	-0.44M	-0.18M	-0.30M	-0.39M	-6.66M
Cash Acquisitions	—	—	—	176.49K	—
Divestitures	—	—	—	—	—
Investment in Securities	—	—	—	-4.80M	-4.78M
Other Investing Activities	-0.79M	1.29M	0.41M	1.04M	0.80M
Sale (Purchase) of Real Estate	-0.31M	-0.19M	-0.28M	-0.97M	-0.20M
Sale of Property, Plant & Equipment	—	—	—	22.46K	—
Loss (Gain) From Sale of Assets	-0.00M	-0.01M	-0.01M	-0.00M	-0.00M
Loss (Gain) on Sale of Investments	—	—	—	—	—
Financing Activities
Financing Cash Flow	-21.47M	6.30M	-8.30M	-7.90M	-7.01M
Long-Term Debt Issued	—	—	0.91M	—	—
Total Debt Issued	1.35M	14.13M	0.91M	9.38M	0.75M
Long-Term Debt Repaid	—	—	-3.94M	—	—
Total Debt Repaid	-17.00M	-2.26M	-3.94M	-9.51M	-3.57M
Net Debt Issued (Repaid)	-15.65M	11.88M	-3.04M	-0.13M	-2.82M
Other Financing Activities	-5.83M	-5.58M	-5.27M	-7.76M	-4.18M
Free Cash Flow & Returns
Free Cash Flow	8.49M	6.66M	6.86M	8.86M	3.84M
Free Cash Flow Growth	+121.4%	+61.2%	+571.8%	—	-68.0%
Free Cash Flow Margin	+32.6%	+26.3%	+29.0%	+33.0%	+17.8%
Free Cash Flow Per Share	0.01	0.01	0.01	0.01	0.00
Levered Free Cash Flow	3.40M	-0.24M	0.25M	-19.40M	-1.60M
Unlevered Free Cash Flow	6.78M	3.15M	3.66M	-15.86M	1.78M
Operating Cash Flow Growth	-14.9%	+47.7%	+387.2%	—	-20.1%
Net Cash Flow	-13.46M	14.80M	-1.41M	-0.77M	-8.10M
Foreign Exchange Rate Adjustments	0.63M	0.73M	-0.11M	2.80M	-0.75M