Covivio Hotels Income Statement

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

Millions EUR. 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	230.5	270.1	264	238.85	180.87
Property Management Fees	4.9	8.1	5.6	4.7	2.96
Other Revenue	139.8	97.7	72.6	81.39	32.12
Total Revenue	375.2	375.9	342.2	324.94	215.94
Revenue Growth (YoY	-0.19%	9.85%	5.31%	50.47%	45.91%
Property Expenses	29.4	29.6	31	28.18	27.32
Depreciation & Amortization	97.3	56.7	48.2	38.18	42.34
Other Operating Expenses	-14.6	-14.7	-23.8	-10.72	-16.52
Total Operating Expenses	111	72.6	55.9	44.9	65.87
Operating Income	264.2	303.3	286.3	280.04	150.08
Interest Expense	-103.5	-119	-104.7	-61.75	-55.5
Interest & Investment Income	19.3	14.2	4.6	1.81	1.27
Other Non-Operating Income	11.5	10.1	-45.1	192.34	50.1
EBT Excluding Unusual Items	191.5	208.6	141.1	412.44	145.95
Gain (Loss) on Sale of Investments	7.4	-0.4	-197.5	92.16	-17.45
Gain (Loss) on Sale of Assets	-2.2	12.6	0.3	3.04	-0.46
Asset Writedown	112.7	51.3	-	-	-
Other Unusual Items	0.4	-4.9	-3.8	-0.01	-22.5
Pretax Income	309.8	267.2	-59.9	507.63	105.55
Income Tax Expense	-9.9	30.5	-34.6	5.58	31.11
Earnings From Continuing Operations	319.7	236.7	-25.3	502.05	74.44
Net Income to Company	319.7	236.7	-25.3	502.05	74.44
Minority Interest in Earnings	-12	-12.1	13.7	-23.26	-24.15
Net Income	307.7	224.6	-11.6	478.79	50.29
Net Income to Common	307.7	224.6	-11.6	478.79	50.29
Net Income Growth	37.00%	-	-	852.06%	-
Basic Shares Outstanding	154	148	148	148	141
Diluted Shares Outstanding	154	148	148	148	141
Shares Change (YoY)	4.21%	-	0.00%	4.96%	10.49%
EPS (Basic)	1.99	1.52	-0.08	3.23	0.36
EPS (Diluted)	1.99	1.52	-0.08	3.23	0.36
EPS Growth	31.25%	-	-	806.41%	-
Dividend Per Share	1.500	1.500	1.300	1.250	0.650
Dividend Growth	-	15.38%	4.00%	92.31%	150.00%
Operating Margin	70.42%	80.69%	83.67%	86.18%	69.50%
Profit Margin	82.01%	59.75%	-3.39%	147.35%	23.29%
EBITDA	361.7	360.8	329.5	321.19	192.42
EBITDA Margin	96.40%	95.98%	96.29%	98.85%	89.11%
D&A For Ebitda	97.5	57.5	43.2	41.14	42.34
EBIT	264.2	303.3	286.3	280.04	150.08
EBIT Margin	70.42%	80.69%	83.67%	86.18%	69.50%
Effective Tax Rate	-	11.42%	-	1.10%	29.47%

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