BUD:BIF Income Statement

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

Millions HUF. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	14,902	13,388	8,189	10,293	4,916
Other Revenue	3,611	-	-	-	-
Total Revenue	18,513	13,388	8,189	10,293	4,916
Revenue Growth (YoY	38.28%	63.48%	-20.44%	109.36%	-20.57%
Property Expenses	5,206	4,095	2,060	2,265	1,629
Depreciation & Amortization	150.4	100.14	253.63	87.43	174.11
Other Operating Expenses	2,631	1,632	1,138	179.83	1,175
Total Operating Expenses	7,987	5,827	3,451	2,532	2,978
Operating Income	10,526	7,561	4,738	7,761	1,938
Interest Expense	-534.41	-445.18	-434.64	-321.54	-226.17
Interest & Investment Income	-	580.17	659.15	598.79	149.44
Currency Exchange Gain (Loss)	-	119.13	-7.8	38.04	10.1
Other Non-Operating Income	944.05	152	140	-	0.36
EBT Excluding Unusual Items	10,935	7,967	5,094	8,076	1,872
Impairment of Goodwill	-	-67.91	-	-	-
Gain (Loss) on Sale of Assets	-	12.15	0.89	-1.42	3.85
Asset Writedown	-	3,001	5,497	1,987	5,862
Other Unusual Items	-	-	-	-	550
Pretax Income	10,935	10,913	10,592	10,062	8,288
Income Tax Expense	118	110.14	24.12	28.12	18.69
Net Income	10,817	10,802	10,568	10,034	8,269
Net Income to Common	10,817	10,802	10,568	10,034	8,269
Net Income Growth	0.14%	2.22%	5.32%	21.34%	66.83%
Basic Shares Outstanding	275	268	252	252	252
Diluted Shares Outstanding	275	268	252	252	252
Shares Change (YoY)	2.73%	6.19%	0.25%	-	-
EPS (Basic)	39.30	40.32	41.88	39.87	32.86
EPS (Diluted)	39.30	40.32	41.88	39.87	32.86
EPS Growth	-2.52%	-3.73%	5.05%	21.34%	66.86%
Dividend Per Share	-	10.000	-	35.000	20.000
Dividend Growth	-	-	-	75.00%	-
Operating Margin	56.85%	56.48%	57.85%	75.40%	39.43%
Profit Margin	58.43%	80.69%	129.05%	97.48%	168.20%
EBITDA	10,667	7,660	4,797	7,822	1,977
EBITDA Margin	57.62%	57.22%	58.58%	76.00%	40.20%
D&A For Ebitda	141.11	98.94	59.41	61.53	38.14
EBIT	10,526	7,561	4,738	7,761	1,938
EBIT Margin	56.85%	56.48%	57.85%	75.40%	39.43%
Effective Tax Rate	1.08%	1.01%	0.23%	0.28%	0.23%

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.