BUL:BREF 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	Jun '26 Jun 30, 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	7.12	6.67	5.52	4.09	3.63	3.59
Other Revenue	38.4	18.06	0.08	0.33	8.03	0.49
Total Revenue	45.52	24.73	5.61	4.42	11.66	4.09
Revenue Growth (YoY	632.34%	341.18%	26.72%	-62.06%	185.40%	10.06%
Property Expenses	32.41	14.81	1.74	1.88	7.01	1.08
Selling, General & Administrative	5.01	3.8	0.76	0.66	0.85	0.6
Other Operating Expenses	0.09	0.11	0.11	0.1	0.13	0.32
Total Operating Expenses	37.51	18.73	2.61	2.64	7.99	1.99
Operating Income	8.01	6.01	3	1.78	3.67	2.09
Interest Expense	-0.32	-0.4	-0.49	-0.48	-0.47	-0.38
EBT Excluding Unusual Items	7.7	5.6	2.51	1.3	3.19	1.71
Asset Writedown	7.03	6.84	7.93	7.13	3.21	0.29
Pretax Income	14.73	12.45	10.44	8.43	6.41	2
Net Income	14.73	12.45	10.44	8.43	6.41	2
Net Income to Common	14.73	12.45	10.44	8.43	6.41	2
Net Income Growth	34.67%	19.25%	23.78%	31.60%	220.19%	37.64%
Basic Shares Outstanding	35	35	35	35	35	35
Diluted Shares Outstanding	35	35	35	35	35	35
Shares Change	-	-	-	-	-	-
EPS (Basic)	0.43	0.36	0.30	0.24	0.18	0.06
EPS (Diluted)	0.43	0.36	0.30	0.24	0.18	0.06
EPS Growth	34.62%	19.20%	23.79%	31.59%	220.19%	37.65%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Dividend Per Share	0.143	0.139	0.055	-	0.058	0.042
Dividend Growth	159.46%	151.84%	-	-	35.94%	-22.88%
Operating Margin	17.61%	24.29%	53.47%	40.32%	31.45%	51.17%
Profit Margin	32.36%	50.32%	186.15%	190.58%	54.95%	48.98%
EBITDA	8.02	6.01	3	1.79	3.67	2.1
EBITDA Margin	17.62%	24.31%	53.58%	40.39%	31.49%	51.30%
D&A For Ebitda	0	0.01	0.01	0	0	0.01
EBIT	8.01	6.01	3	1.78	3.67	2.09
EBIT Margin	17.61%	24.29%	53.47%	40.32%	31.45%	51.17%
Revenue as Reported	52.55	31.58	13.53	11.55	14.87	4.38