United Real Estate Company

URCStocksBoursa KuwaitReal Estate

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual (KWD)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Operating Summary
Revenue	88.64M	87.29M	84.62M	84.91M	96.35M
Cost of Revenue	55.70M	57.79M	59.03M	61.88M	80.22M
Gross Profit	32.94M	29.49M	25.60M	23.03M	16.13M
SG&A	7.74M	7.66M	10.90M	6.82M	8.57M
Operating Expenses	7.94M	4.98M	20.71M	11.69M	12.89M
Operating Income	25.00M	24.52M	4.89M	11.34M	3.24M
Interest Income	38.99K	35.58K	38.02K	32.20K	19.97K
Interest Expense	-21.06M	-21.41M	-13.55M	-11.49M	-12.83M
Other Income/Expense	1.81M	0.79M	0.83M	0.35M	0.63M
Pretax Income	5.33M	4.95M	3.57M	-6.87M	-17.02M
Income Tax	195.97K	554.60K	-116.46K	-369.25K	41.57K
Net Income	5.09M	4.19M	3.39M	-4.96M	-16.32M
EBITDA	28.68M	28.58M	9.05M	16.18M	8.64M
EBIT	25.00M	24.52M	4.89M	11.34M	3.24M
EPS (Basic)	0.00	0.00	0.00	-0.00	-0.01
EPS (Diluted)	0.00	0.00	0.00	-0.00	-0.01
Margins & Efficiency
Gross Margin %	+37.2%	+33.8%	+30.2%	+27.1%	+16.7%
EBITDA Margin %	+32.4%	+32.7%	+10.7%	+19.1%	+9.0%
Net Margin %	+5.7%	+4.8%	+4.0%	-5.8%	-16.9%
Revenue & Income
Revenue	88.64M	87.29M	84.62M	84.91M	96.35M
Revenue as Reported	88.64M	87.29M	84.62M	84.91M	96.35M
Revenue Growth (YoY)	+1.5%	+3.1%	-0.3%	-11.9%	-15.4%
Operating Revenue	84.03M	82.92M	80.49M	82.76M	94.02M
Interest & Investment Income	38.99K	35.58K	38.02K	32.20K	19.97K
Other Revenue	4.61M	4.37M	4.13M	2.15M	2.33M
Earnings From Equity Investments	2.82M	-2.61M	0.51M	0.89M	-1.49M
Gain (Loss) on Sale of Assets	0.71M	2.60M	0.15M	-2.82M	-0.02M
Gain (Loss) on Sale of Investments	—	—	1.16M	—	—
Currency Exchange Gain (Loss)	1.70M	0.34M	-0.07M	0.55M	-0.10M
Expenses & Provisions
Cost of Revenue	55.70M	57.79M	59.03M	61.88M	80.22M
Selling, General & Admin	7.74M	7.66M	10.90M	6.82M	8.57M
Operating Expenses	7.94M	4.98M	20.71M	11.69M	12.89M
Other Operating Expenses	-2.83M	-6.08M	6.47M	1.68M	0.95M
Interest Expense	-21.06M	-21.41M	-13.55M	-11.49M	-12.83M
Other Non Operating Income (Expenses)	1.81M	0.79M	0.83M	0.35M	0.63M
Legal Settlements	—	—	—	—	812.07K
Asset Writedown	-5.69M	0.67M	-22.46M	-5.72M	-7.28M
D&A For EBITDA	3.69M	4.06M	4.16M	4.84M	5.41M
Profitability & Returns
Gross Profit	32.94M	29.49M	25.60M	23.03M	16.13M
Gross Margin	+37.2%	+33.8%	+30.2%	+27.1%	+16.7%
EBIT	25.00M	24.52M	4.89M	11.34M	3.24M
EBIT Margin	+28.2%	+28.1%	+5.8%	+13.4%	+3.4%
EBITDA	28.68M	28.58M	9.05M	16.18M	8.64M
EBITDA Margin	+32.4%	+32.7%	+10.7%	+19.1%	+9.0%
EBT Excluding Unusual Items	10.31M	1.67M	-7.36M	1.67M	-10.53M
Pretax Income	5.33M	4.95M	3.57M	-6.87M	-17.02M
Operating Income	25.00M	24.52M	4.89M	11.34M	3.24M
Operating Margin	+28.2%	+28.1%	+5.8%	+13.4%	+3.4%
Profit Margin	+5.7%	+4.8%	+4.0%	-5.8%	-16.9%
Net Income	5.09M	4.19M	3.39M	-4.96M	-16.32M
Net Income to Common	5.09M	4.19M	3.39M	-4.96M	-16.32M
Net Income Growth	+21.3%	+23.8%	—	—	—
Earnings From Continuing Ops.	5.14M	4.39M	3.68M	-6.50M	-17.06M
Minority Interest in Earnings	-0.05M	-0.20M	-0.29M	1.54M	0.74M
Income Tax Expense	195.97K	554.60K	-116.46K	-369.25K	41.57K
Effective Tax Rate	+3.7%	+11.2%	—	—	—
Per Share & Capital
EPS (Basic)	0.00	0.00	0.00	-0.00	-0.01
EPS (Diluted)	0.00	0.00	0.00	-0.00	-0.01
EPS Growth	+21.3%	+2.7%	—	—	—
Shares Change (YoY)	—	0.2	0.01	—	—
Shares Outstanding (Basic)	1.37B	1.37B	1.13B	1.13B	1.13B
Shares Outstanding (Diluted)	1.37B	1.37B	1.13B	1.13B	1.13B
Free Cash Flow	16.72M	15.23M	18.06M	14.14M	9.54M
Free Cash Flow Margin	+18.9%	+17.4%	+21.3%	+16.7%	+9.9%
Free Cash Flow Per Share	0.01	0.01	0.02	0.01	0.01
Supplemental
Other Unusual Items	—	—	32.07M	—	—

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
Operating Summary
Revenue	88.64M	87.29M	84.62M	84.91M	96.35M
Cost of Revenue	55.70M	57.79M	59.03M	61.88M	80.22M
Gross Profit	32.94M	29.49M	25.60M	23.03M	16.13M
SG&A	7.74M	7.66M	10.90M	6.82M	8.57M
Operating Expenses	7.94M	4.98M	20.71M	11.69M	12.89M
Operating Income	25.00M	24.52M	4.89M	11.34M	3.24M
Interest Income	38.99K	35.58K	38.02K	32.20K	19.97K
Interest Expense	-21.06M	-21.41M	-13.55M	-11.49M	-12.83M
Other Income/Expense	1.81M	0.79M	0.83M	0.35M	0.63M
Pretax Income	5.33M	4.95M	3.57M	-6.87M	-17.02M
Income Tax	195.97K	554.60K	-116.46K	-369.25K	41.57K
Net Income	5.09M	4.19M	3.39M	-4.96M	-16.32M
EBITDA	28.68M	28.58M	9.05M	16.18M	8.64M
EBIT	25.00M	24.52M	4.89M	11.34M	3.24M
EPS (Basic)	0.00	0.00	0.00	-0.00	-0.01
EPS (Diluted)	0.00	0.00	0.00	-0.00	-0.01
Margins & Efficiency
Gross Margin %	+37.2%	+33.8%	+30.2%	+27.1%	+16.7%
EBITDA Margin %	+32.4%	+32.7%	+10.7%	+19.1%	+9.0%
Net Margin %	+5.7%	+4.8%	+4.0%	-5.8%	-16.9%
Revenue & Income
Revenue	88.64M	87.29M	84.62M	84.91M	96.35M
Revenue as Reported	88.64M	87.29M	84.62M	84.91M	96.35M
Revenue Growth (YoY)	+1.5%	+3.1%	-0.3%	-11.9%	-15.4%
Operating Revenue	84.03M	82.92M	80.49M	82.76M	94.02M
Interest & Investment Income	38.99K	35.58K	38.02K	32.20K	19.97K
Other Revenue	4.61M	4.37M	4.13M	2.15M	2.33M
Earnings From Equity Investments	2.82M	-2.61M	0.51M	0.89M	-1.49M
Gain (Loss) on Sale of Assets	0.71M	2.60M	0.15M	-2.82M	-0.02M
Gain (Loss) on Sale of Investments	—	—	1.16M	—	—
Currency Exchange Gain (Loss)	1.70M	0.34M	-0.07M	0.55M	-0.10M
Expenses & Provisions
Cost of Revenue	55.70M	57.79M	59.03M	61.88M	80.22M
Selling, General & Admin	7.74M	7.66M	10.90M	6.82M	8.57M
Operating Expenses	7.94M	4.98M	20.71M	11.69M	12.89M
Other Operating Expenses	-2.83M	-6.08M	6.47M	1.68M	0.95M
Interest Expense	-21.06M	-21.41M	-13.55M	-11.49M	-12.83M
Other Non Operating Income (Expenses)	1.81M	0.79M	0.83M	0.35M	0.63M
Legal Settlements	—	—	—	—	812.07K
Asset Writedown	-5.69M	0.67M	-22.46M	-5.72M	-7.28M
D&A For EBITDA	3.69M	4.06M	4.16M	4.84M	5.41M
Profitability & Returns
Gross Profit	32.94M	29.49M	25.60M	23.03M	16.13M
Gross Margin	+37.2%	+33.8%	+30.2%	+27.1%	+16.7%
EBIT	25.00M	24.52M	4.89M	11.34M	3.24M
EBIT Margin	+28.2%	+28.1%	+5.8%	+13.4%	+3.4%
EBITDA	28.68M	28.58M	9.05M	16.18M	8.64M
EBITDA Margin	+32.4%	+32.7%	+10.7%	+19.1%	+9.0%
EBT Excluding Unusual Items	10.31M	1.67M	-7.36M	1.67M	-10.53M
Pretax Income	5.33M	4.95M	3.57M	-6.87M	-17.02M
Operating Income	25.00M	24.52M	4.89M	11.34M	3.24M
Operating Margin	+28.2%	+28.1%	+5.8%	+13.4%	+3.4%
Profit Margin	+5.7%	+4.8%	+4.0%	-5.8%	-16.9%
Net Income	5.09M	4.19M	3.39M	-4.96M	-16.32M
Net Income to Common	5.09M	4.19M	3.39M	-4.96M	-16.32M
Net Income Growth	+21.3%	+23.8%	—	—	—
Earnings From Continuing Ops.	5.14M	4.39M	3.68M	-6.50M	-17.06M
Minority Interest in Earnings	-0.05M	-0.20M	-0.29M	1.54M	0.74M
Income Tax Expense	195.97K	554.60K	-116.46K	-369.25K	41.57K
Effective Tax Rate	+3.7%	+11.2%	—	—	—
Per Share & Capital
EPS (Basic)	0.00	0.00	0.00	-0.00	-0.01
EPS (Diluted)	0.00	0.00	0.00	-0.00	-0.01
EPS Growth	+21.3%	+2.7%	—	—	—
Shares Change (YoY)	—	0.2	0.01	—	—
Shares Outstanding (Basic)	1.37B	1.37B	1.13B	1.13B	1.13B
Shares Outstanding (Diluted)	1.37B	1.37B	1.13B	1.13B	1.13B
Free Cash Flow	16.72M	15.23M	18.06M	14.14M	9.54M
Free Cash Flow Margin	+18.9%	+17.4%	+21.3%	+16.7%	+9.9%
Free Cash Flow Per Share	0.01	0.01	0.02	0.01	0.01
Supplemental
Other Unusual Items	—	—	32.07M	—	—