Rural Funds Group (ASX:RFF)

Rural Funds Group Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Rental Revenue	136.9	128.82	109.76	95	81.87	67.65
Other Revenue	1.9	3.34	2.74	3.49	3.48	3.45
Total Revenue	138.8	132.15	112.5	98.5	85.34	71.1
Revenue Growth (YoY	13.81%	17.46%	14.22%	15.42%	20.03%	-0.16%
Property Expenses	35.37	34.9	34.46	30.68	18.1	12.96
Depreciation & Amortization	15.15	15.79	15.76	12.42	7.17	4.87
Other Operating Expenses	14.42	14.29	16.22	12.93	8.38	5.85
Total Operating Expenses	64.95	64.98	66.45	56.03	33.65	23.68
Operating Income	73.85	67.17	46.06	42.47	51.69	47.43
Interest Expense	-29.19	-48.08	-23.86	-8.35	40.67	2.43
EBT Excluding Unusual Items	44.66	19.09	22.19	34.12	92.36	49.85
Impairment of Goodwill	-	-	-	-0.2	-	-
Gain (Loss) on Sale of Investments	0.45	0.45	0.15	0.16	0.67	0.12
Gain (Loss) on Sale of Assets	11.78	-0.21	0.44	0.8	0.32	32.87
Asset Writedown	5.54	7.79	58.77	60.13	117.12	37.46
Other Unusual Items	-	-	-	-0.84	-	-
Pretax Income	62.43	27.12	81.56	94.17	210.46	120.29
Income Tax Expense	1.08	1.05	1.12	-0.33	1.33	0.66
Earnings From Continuing Operations	61.35	26.08	80.44	94.5	209.14	119.63
Net Income to Company	61.35	26.08	80.44	94.5	209.14	119.63
Minority Interest in Earnings	1.22	5.38	2.81	17.46	-2.32	-1.94
Net Income	62.57	31.46	83.25	111.95	206.81	117.7
Net Income to Common	62.57	31.46	83.25	111.95	206.81	117.7
Net Income Growth	28.81%	-62.21%	-25.64%	-45.87%	75.72%	163.73%
Basic Shares Outstanding	390	389	387	384	378	339
Diluted Shares Outstanding	390	389	387	384	378	339
Shares Change (YoY)	0.35%	0.65%	0.82%	1.46%	11.58%	0.87%
EPS (Basic)	0.16	0.08	0.22	0.29	0.55	0.35
EPS (Diluted)	0.16	0.08	0.22	0.29	0.55	0.35
EPS Growth	28.36%	-62.46%	-26.24%	-46.65%	57.48%	161.46%
Dividend Per Share	0.117	0.117	0.117	0.117	0.117	0.113
Dividend Growth	-	-	-	-0.02%	4.00%	4.00%
Operating Margin	53.21%	50.83%	40.94%	43.12%	60.57%	66.70%
Profit Margin	45.08%	23.80%	74.00%	113.66%	242.34%	165.53%
EBITDA	89	82.96	61.82	54.89	57.43	52.27
EBITDA Margin	64.13%	62.78%	54.95%	55.73%	67.29%	73.51%
D&A For Ebitda	15.15	15.79	15.76	12.42	5.74	4.84
EBIT	73.85	67.17	46.06	42.47	51.69	47.43
EBIT Margin	53.21%	50.83%	40.94%	43.12%	60.57%	66.70%
Funds From Operations (FFO)	65.77	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	69.36%	105.67%	46.87%	42.39%	19.81%	43.12%
Effective Tax Rate	1.73%	3.86%	1.37%	-	0.63%	0.55%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.