Iguatemi Income Statement

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

Millions BRL. 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	1,487	1,236	1,157	1,016	858.06
Other Revenue	-1.88	-11.43	-33.79	-4.4	2.83
Total Revenue	1,485	1,225	1,123	1,012	860.89
Revenue Growth (YoY	21.23%	9.04%	11.01%	17.55%	27.74%
Property Expenses	367.14	403.16	418.21	420.88	369.22
Selling, General & Administrative	189.18	166.74	139.74	139.96	143.34
Other Operating Expenses	69.56	102.25	-65.76	-69.58	-3.57
Total Operating Expenses	625.89	672.15	492.19	491.26	509
Operating Income	859.06	552.77	631.18	520.69	351.9
Interest Expense	-562.29	-405.69	-462.61	-489.44	-285.92
Interest & Investment Income	219.86	193.73	212.68	186.85	155.41
Other Non-Operating Income	-103.73	-40.02	-	-	326.01
EBT Excluding Unusual Items	412.9	300.78	381.25	218.09	547.4
Gain (Loss) on Sale of Investments	-	-	-10.4	-323.09	-
Gain (Loss) on Sale of Assets	263.77	168.1	-9.05	-25.92	-10.51
Pretax Income	676.67	468.87	361.8	-130.91	536.89
Income Tax Expense	94.09	69	52.87	-143.74	190.69
Earnings From Continuing Operations	582.58	399.88	308.93	12.82	346.21
Minority Interest in Earnings	-0.12	-0.11	-4.22	-5.25	-107.18
Net Income	582.46	399.77	304.71	7.57	239.02
Net Income to Common	582.46	399.77	304.71	7.57	239.02
Net Income Growth	45.70%	31.20%	3926.34%	-96.83%	212.45%
Basic Shares Outstanding	297	297	299	301	1,170
Diluted Shares Outstanding	297	297	299	301	1,170
Shares Change (YoY)	-0.01%	-0.62%	-0.64%	-74.33%	33.16%
EPS (Basic)	1.96	1.35	1.02	0.03	0.20
EPS (Diluted)	1.96	1.35	1.02	0.03	0.20
EPS Growth	45.71%	32.02%	3952.42%	-87.67%	134.65%
Operating Margin	57.85%	45.13%	56.19%	51.45%	40.88%
Profit Margin	39.22%	32.64%	27.13%	0.75%	27.77%
EBITDA	973.85	732.06	805.56	679.72	507.28
EBITDA Margin	65.58%	59.76%	71.71%	67.17%	58.93%
D&A For Ebitda	114.79	179.29	174.38	159.03	155.39
EBIT	859.06	552.77	631.18	520.69	351.9
EBIT Margin	57.85%	45.13%	56.19%	51.45%	40.88%
Funds From Operations (FFO)	709.88	593.77	-	-	-
Adjusted Funds From Operations (AFFO)	709.88	593.77	-	-	-
FFO Payout Ratio	28.14%	33.64%	-	-	-
Effective Tax Rate	13.91%	14.72%	14.61%	-	35.52%

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