Rural Funds Group Income Statement

Financials in millions AUD. Fiscal year is July - June.

Millions AUD. Fiscal year is Jul - Jun.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Rental Revenue	128.82	109.76	95	81.87	67.65
Other Revenue	3.34	2.74	3.49	3.48	3.45
Total Revenue	132.15	112.5	98.5	85.34	71.1
Revenue Growth (YoY	17.46%	14.22%	15.42%	20.03%	-0.16%
Property Expenses	34.9	34.46	30.68	18.1	12.96
Depreciation & Amortization	15.79	15.76	12.42	7.17	4.87
Other Operating Expenses	14.29	16.22	12.93	8.38	5.85
Total Operating Expenses	64.98	66.45	56.03	33.65	23.68
Operating Income	67.17	46.06	42.47	51.69	47.43
Interest Expense	-48.08	-23.86	-8.35	40.67	2.43
EBT Excluding Unusual Items	19.09	22.19	34.12	92.36	49.85
Impairment of Goodwill	-	-	-0.2	-	-
Gain (Loss) on Sale of Investments	0.45	0.15	0.16	0.67	0.12
Gain (Loss) on Sale of Assets	-0.21	0.44	0.8	0.32	32.87
Asset Writedown	7.79	58.77	60.13	117.12	37.46
Other Unusual Items	-	-	-0.84	-	-
Pretax Income	27.12	81.56	94.17	210.46	120.29
Income Tax Expense	1.05	1.12	-0.33	1.33	0.66
Earnings From Continuing Operations	26.08	80.44	94.5	209.14	119.63
Net Income to Company	26.08	80.44	94.5	209.14	119.63
Minority Interest in Earnings	5.38	2.81	17.46	-2.32	-1.94
Net Income	31.46	83.25	111.95	206.81	117.7
Net Income to Common	31.46	83.25	111.95	206.81	117.7
Net Income Growth	-62.21%	-25.64%	-45.87%	75.72%	163.73%
Basic Shares Outstanding	389	387	384	378	339
Diluted Shares Outstanding	389	387	384	378	339
Shares Change (YoY)	0.65%	0.82%	1.46%	11.58%	0.87%
EPS (Basic)	0.08	0.22	0.29	0.55	0.35
EPS (Diluted)	0.08	0.22	0.29	0.55	0.35
EPS Growth	-62.46%	-26.24%	-46.65%	57.48%	161.46%
Dividend Per Share	0.117	0.117	0.117	0.117	0.113
Dividend Growth	-	-	-0.02%	4.00%	4.00%
Operating Margin	50.83%	40.94%	43.12%	60.57%	66.70%
Profit Margin	23.80%	74.00%	113.66%	242.34%	165.53%
EBITDA	82.96	61.82	54.89	57.43	52.27
EBITDA Margin	62.78%	54.95%	55.73%	67.29%	73.51%
D&A For Ebitda	15.79	15.76	12.42	5.74	4.84
EBIT	67.17	46.06	42.47	51.69	47.43
EBIT Margin	50.83%	40.94%	43.12%	60.57%	66.70%
Funds From Operations (FFO)	43.13	96.88	105.79	217.31	87.42
Adjusted Funds From Operations (AFFO)	44.71	42.37	41.08	44.22	40.42
FFO Payout Ratio	105.67%	46.87%	42.39%	19.81%	43.12%
Effective Tax Rate	3.86%	1.37%	-	0.63%	0.55%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.