“Our commitment to Kuwait is unwavering. Our roots are here, and our future is here.”
“Our commitment to Kuwait is unwavering. Our roots are here, and our future is here.”
 
NREC Announces a Net Profit of KD 20.1 million for Q3/2025, Marking a 888% Growth Compared to the Same Period Last Year
 
 
Financial Highlights for the Periods Ended September 30, 2025(Million KD)
 
Q3 2025
 
Q3 2024
 
Variance (%)
9M 2025
 
9M 2024
 
Variance (%)
Revenue
Net Revenue
EBITDA
Net Profit
-1,331%
EPS (fils)
-1,332%
 
Kuwait, 13November 2025: National Real Estate Company (NREC) reported its financial and operational results for the periods ended September 30, 2025. The Company announced a net profit of KD 20.1 million and earnings per share (EPS) of 10.09 fils for Q3 2025, compared to a net profit of KD 2.0 million and earnings per share of 1.02 fils for the same period in 2024.
The Company's operating revenue for the first three months of 2025 reached KD 1.0 million, reflecting a -8% decrease compared to the same period in 2024. Total assets stood at KD 496million, as of September 30, 2025.
These results reflect the strong operational performance of the company’s key projects in both Kuwait and the wider region, along with effective asset management and investment strategies focused on building long-term value for shareholders.
National Real Estate Company reaffirmed its strong commitment to investing in the local market, emphasizing that Kuwait has always been, and continues to be, the company’s home and primary focus. The company noted that the coming phase presents promising opportunities across urban development, infrastructure, and integrated real estate sectors.
Commenting on this, Vice Chairman and CEO Mr. Faisal Jamil Sultan Al Essa said:
“Our commitment to Kuwait is unwavering. Our roots are here, and our future is here. We look forward to pursuing major investments in Kuwait, not only as an economic choice, but as a national duty.”
“What we are witnessing today is a promising new chapter in Kuwait’s development, one that reflects the vision of His Highness the Amir, Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, a leader who has dedicated his wisdom, courage, and foresight to paving new paths toward a brighter future for Kuwait, placing development at the heart of his national vision, and affirming that dedication and integrity are the true foundations of a strong and modern state.”
He added: “Driven by a strong belief in Kuwait’s future potential and aligned with the government’s economic growth initiatives, the company is actively positioning itself to contribute to these national efforts. In line with this commitment, the company has recently submitted proposals valued at up to KD 135 million to support several key initiatives and create new job opportunities. In addition, under its five-year strategic plan, the company has allocated a total capital expenditure of KD 150 million for projects within Kuwait, reaffirming NREC’s dedication to long-term national development and sustainable investment in the local economy.”
National Real Estate Company extends its highest appreciation and gratitude to His Highness the Amir of the State of Kuwait, Sheikh Mishal Al Ahmad Al Jaber Al Sabah, for his wise vision and guidance in empowering the private sector and strengthening its role in economic development.
The company affirmed that His Highness’s support for improving the business environment, enhancing governance, and facilitating greater private-sector participation in major projects inspires confidence and reinforces Kuwait’s position as an attractive investment destination and a preferred hub for pioneering initiatives. ENDS