Inclusio Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	16.49	15.33	13.3	10.44	7.04	4.57
Tenant Reimbursements	0.18	0.24	0.5	0.56	0.36	0.24
Other Revenue	0.1	0.1	0.02	0.07	0.09	-0
Total Revenue	16.76	15.67	13.83	11.07	7.5	4.81
Revenue Growth (YoY	15.80%	13.36%	24.87%	47.71%	55.79%	192.42%
Property Expenses	1.24	1.3	1.31	1.2	0.76	0.64
Selling, General & Administrative	2.96	2.79	2.63	2.63	2.24	5.17
Other Operating Expenses	0.06	0.06	-0	0.01	-0.1	-0.18
Total Operating Expenses	4.26	4.15	3.93	3.85	2.9	5.63
Operating Income	12.5	11.52	9.89	7.22	4.59	-0.82
Interest Expense	-5.94	-5.71	-4.18	-0.85	-0.25	-0.22
Interest & Investment Income	0.15	0.17	0.16	0.08	0	0.01
Other Non-Operating Income	1.68	1.71	1.15	0.05	-0.06	-0.04
EBT Excluding Unusual Items	8.39	7.69	7.02	6.5	4.28	-1.07
Gain (Loss) on Sale of Investments	-3.13	-2.05	-2.84	5.36	0.84	-0.22
Gain (Loss) on Sale of Assets	0	0	-	-	0.02	-
Asset Writedown	11.05	13.98	28.16	10.48	9.53	0.23
Pretax Income	16.32	19.62	32.33	22.35	14.67	-1.06
Income Tax Expense	0.12	0.16	0.16	0.12	0.02	-1.1
Earnings From Continuing Operations	16.19	19.46	32.18	22.23	14.65	0.03
Net Income	16.19	19.46	32.18	22.23	14.65	0.03
Net Income to Common	16.19	19.46	32.18	22.23	14.65	0.03
Net Income Growth	-51.54%	-39.51%	44.75%	51.72%	43573.35%	-91.69%
Basic Shares Outstanding	8	7	7	7	7	5
Diluted Shares Outstanding	8	7	7	7	7	5
Shares Change (YoY)	1.37%	-0.02%	-0.10%	-0.00%	63.16%	15.72%
EPS (Basic)	2.15	2.62	4.34	2.99	1.97	0.01
EPS (Diluted)	2.15	2.62	4.34	2.99	1.97	0.01
EPS Growth	-52.20%	-39.50%	44.90%	51.72%	26670.36%	-92.82%
Dividend Per Share	0.820	0.820	0.750	0.700	0.500	-
Dividend Growth	9.33%	9.33%	7.14%	40.00%	-	-
Operating Margin	74.59%	73.51%	71.56%	65.24%	61.25%	-17.05%
Profit Margin	96.59%	124.18%	232.74%	200.78%	195.48%	0.70%
EBITDA	12.61	11.64	10	7.29	4.63	-0.79
EBITDA Margin	75.22%	74.26%	72.32%	65.82%	61.84%	-16.43%
D&A For Ebitda	0.11	0.12	0.11	0.06	0.04	0.03
EBIT	12.5	11.52	9.89	7.22	4.59	-0.82
EBIT Margin	74.59%	73.51%	71.56%	65.24%	61.25%	-17.05%
Effective Tax Rate	0.75%	0.79%	0.48%	0.52%	0.14%	-

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