BUD:SPLUS Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	36.02	33	24.18	22.2	11.05	-
Other Revenue	16.83	14.28	10.72	25.99	13.09	-
Total Revenue	52.85	47.28	34.9	48.19	24.14	-
Revenue Growth (YoY	57.29%	35.48%	-27.58%	99.67%	-	-
Property Expenses	22.08	20.68	14.92	28.9	15.27	-
Selling, General & Administrative	2.08	1.98	1.46	2.79	3.65	0.34
Other Operating Expenses	-	-	-0.01	-	-	-
Total Operating Expenses	24.16	22.67	16.38	31.69	18.92	0.34
Operating Income	28.69	24.61	18.52	16.5	5.21	-0.34
Interest Expense	-12.5	-11.54	-9.49	-11.55	-3.39	-0.02
Interest & Investment Income	1.33	1.33	0.88	2.12	2.92	0.73
Other Non-Operating Income	0.12	0.19	-0.2	-	-	-
EBT Excluding Unusual Items	17.64	14.59	9.71	7.07	4.75	0.37
Asset Writedown	42.73	25.78	13.7	5.72	22	-
Other Unusual Items	-	-	0.61	-	-	-
Pretax Income	60.37	40.38	24.02	12.79	26.75	0.37
Income Tax Expense	6.29	3.76	-0.19	1.3	3.84	-
Earnings From Continuing Operations	54.08	36.62	24.21	11.49	22.91	0.37
Minority Interest in Earnings	-1.3	-3.92	0.02	-	-	-
Net Income	52.78	32.7	24.23	11.49	22.91	0.37
Net Income to Common	52.78	32.7	24.23	11.49	22.91	0.37
Net Income Growth	92.85%	34.97%	110.84%	-49.86%	6026.83%	-
Basic Shares Outstanding	18	16	13	10	6	0
Diluted Shares Outstanding	18	16	13	10	6	0
Shares Change (YoY)	26.69%	20.09%	27.98%	84.70%	3913.02%	1.55%
EPS (Basic)	2.98	2.07	1.85	1.12	4.13	2.70
EPS (Diluted)	2.98	2.07	1.85	1.12	4.13	2.70
EPS Growth	52.22%	12.39%	64.74%	-72.85%	52.67%	-
Dividend Per Share	0.920	0.920	0.840	0.760	0.400	-
Dividend Growth	9.52%	9.52%	10.53%	90.00%	-	-
Operating Margin	54.28%	52.06%	53.06%	34.24%	21.60%	-
Profit Margin	99.87%	69.16%	69.42%	23.84%	94.94%	-
EBIT	28.69	24.61	18.52	16.5	5.21	-0.34
EBIT Margin	54.28%	52.06%	53.06%	34.24%	21.60%	-
Effective Tax Rate	10.42%	9.31%	-	10.15%	14.35%	-

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