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United Real Estate nine-month 2026 results

United Real Estate operating profit rises 9.35% to KWD 19.6 million

Net profit falls to KWD 4.16 million from KWD 4.91 million

Source: الأنباءReal estate1 min read
Net operating profit19.6 مليون دينارUp 9.35%
Net profit4.16 مليون دينارvs KWD 4.91 million
Total assets833.8 مليون دينارUp 21.99%
Nine-month results
9 أشهر 20269 أشهر 2025التغير
Net operating profit (KWD m)19.617.99.35%
Operating revenue (KWD m)75.4575.090.49%
Net profit (KWD m)4.164.91—
EPS (fils)3.013.71—
Total assets (KWD m)833.8683.521.99%
Equity attributable to parent shareholders (KWD m)208201.73.13%

United Real Estate Company posted net operating profit of KWD 19.6 million for the nine months ended 30 September 2026, up 9.35% from about KWD 17.9 million in the same period of 2025.

Total operating revenue reached KWD 75.45 million, compared with KWD 75.09 million a year earlier, a rise of 0.49%. Total assets rose 21.99% to KWD 833.8 million from KWD 683.5 million in the comparative period.

Total equity attributable to the parent company's shareholders reached about KWD 208 million, up 3.13% from about KWD 201.7 million.

The company recorded net profit of KWD 4.16 million, compared with KWD 4.91 million in the first nine months of 2025, while basic and diluted earnings per share came in at 3.01 fils, versus 3.71 fils a year earlier.

The decline in net profit was mainly due to a lower share of results from associates, despite the improvement in operating profit and lower net finance costs.

Mishari Al-Muhailan, Group CEO of United Real Estate Company, said: "The growth in operating profit reflects our continued efforts to enhance performance efficiency across the group's segments, while the improvement in third-quarter results underlines the importance of continuing to focus on operating activities and raising their efficiency, supporting the company's performance and its ability to deliver sustainable value to shareholders."

He added: "In the final quarter of the year, we look forward to further improving operating performance and enhancing resource management efficiency, in support of the group's objectives and the foundations of its long-term growth."

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