Salhia Real Estate Company K.S.C.P. (KWSE:SRE)

KWSE:SRE Income Statement

Financials in millions KWD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	45.52	44.69	40.59	35.94	21.07	19.35
Revenue Growth (YoY)	6.36%	10.11%	12.94%	70.59%	8.90%	-56.64%
Cost of Revenue	10.95	10.02	9.33	8.82	4.87	8.73
Gross Profit	34.58	34.67	31.26	27.12	16.2	10.62
Selling, General & Admin	5.56	5.24	5.12	4.66	4.2	4.38
Other Operating Expenses	0.27	0.33	0.42	0.38	0.25	0.56
Operating Expenses	14.29	13.77	11.73	10.5	7.95	9.99
Operating Income	20.28	20.9	19.53	16.62	8.25	0.63
Interest Expense	-0.26	-	-	-2.83	-0.51	-0.5
Interest & Investment Income	0.17	0.17	0.06	0.55	0.03	0.47
Earnings From Equity Investments	0.06	1.61	2.67	2.33	0	-0.57
Currency Exchange Gain (Loss)	0.33	0.33	-0.02	0.17	0.03	0
Other Non Operating Income (Expenses)	-10.87	-10.77	-6.08	0.05	0.37	0.4
EBT Excluding Unusual Items	9.73	12.25	16.15	16.89	8.16	0.44
Gain (Loss) on Sale of Assets	0.62	0.62	0.54	-	1.36	21.88
Asset Writedown	0.12	0.12	-1.03	-1.67	-	-0.62
Other Unusual Items	-0.11	-0.13	-0.17	-0.15	0.11	-0.22
Pretax Income	10.37	12.86	16.24	15.06	9.63	21.48
Income Tax Expense	0.11	0.13	0.17	0.49	0.28	0.24
Earnings From Continuing Operations	10.26	12.73	16.08	14.57	9.35	21.23
Minority Interest in Earnings	-0.1	-0.11	-0.06	-0.01	-0	0.08
Net Income	10.16	12.62	16.01	14.56	9.35	21.31
Net Income to Common	10.16	12.62	16.01	14.56	9.35	21.31
Net Income Growth	-26.72%	-21.16%	9.95%	55.76%	-56.14%	-0.94%
Shares Outstanding (Basic)	603	603	604	598	603	602
Shares Outstanding (Diluted)	603	603	604	598	603	602
Shares Change (YoY)	-0.23%	-0.16%	0.93%	-0.78%	0.21%	0.57%
EPS (Basic)	0.02	0.02	0.03	0.02	0.02	0.04
EPS (Diluted)	0.02	0.02	0.03	0.02	0.02	0.04
EPS Growth	-26.55%	-21.04%	8.94%	56.98%	-56.23%	-1.50%
Free Cash Flow	-0.15	14.09	15.88	21.28	9.3	17.07
Free Cash Flow Per Share	-	0.02	0.03	0.04	0.01	0.03
Dividend Per Share	0.014	0.014	0.014	0.013	0.012	0.025
Dividend Growth	5.15%	5.15%	4.61%	4.84%	-49.80%	19.90%
Gross Margin	75.96%	77.58%	77.01%	75.46%	76.89%	54.89%
Operating Margin	44.56%	46.77%	48.11%	46.25%	39.14%	3.27%
Profit Margin	22.31%	28.24%	39.45%	40.52%	44.37%	110.17%
Free Cash Flow Margin	-0.34%	31.52%	39.14%	59.21%	44.13%	88.22%
EBITDA	28.75	29.1	25.71	21.99	11.55	5.28
EBITDA Margin	63.16%	65.12%	63.35%	61.18%	54.84%	27.27%
D&A For EBITDA	8.47	8.2	6.18	5.37	3.31	4.64
EBIT	20.28	20.9	19.53	16.62	8.25	0.63
EBIT Margin	44.56%	46.77%	48.11%	46.25%	39.14%	3.27%
Effective Tax Rate	1.04%	1.04%	1.04%	3.26%	2.88%	1.14%

Updated Mar 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.