Frey SA 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	158.5	191.31	148.52	124.1	98.7
Property Management Fees	13.1	-	-	-	-
Other Revenue	16.6	-4.51	1.17	3.25	2.52
Total Revenue	188.2	186.81	149.69	127.34	101.22
Revenue Growth (YoY	0.75%	24.80%	17.55%	25.81%	-3.96%
Property Expenses	80.7	64.47	46.79	44.02	33.24
Depreciation & Amortization	3	4.05	4.06	2.92	3.43
Other Operating Expenses	-8	14.85	13.24	15.93	10.66
Total Operating Expenses	75.7	83.37	64.1	62.87	47.32
Operating Income	112.5	103.43	85.59	64.48	53.89
Interest Expense	-44.5	-91.94	-87.07	46.84	0.22
Interest & Investment Income	-	30.98	24.74	1.79	0.18
Other Non-Operating Income	-22.1	-1.49	-1.74	-2.28	-3.03
EBT Excluding Unusual Items	45.9	40.99	21.52	110.83	51.26
Gain (Loss) on Sale of Assets	0.8	-1.4	-2.29	2.06	1.84
Asset Writedown	58.4	23.7	14.66	33.98	26.25
Total Legal Settlements	-	-0.61	-	-	-
Other Unusual Items	-	-1.2	-3.37	-1.37	-3.43
Pretax Income	105.1	60.86	30.52	145.5	75.92
Income Tax Expense	30.3	15.7	5.73	10.13	3.73
Earnings From Continuing Operations	74.8	45.16	24.79	135.38	72.19
Minority Interest in Earnings	2.6	-5.16	-5.93	-6	-6.76
Net Income	77.4	40	18.86	129.38	65.43
Net Income to Common	77.4	40	18.86	129.38	65.43
Net Income Growth	93.48%	112.12%	-85.42%	97.73%	2662.01%
Basic Shares Outstanding	-	32	28	28	25
Diluted Shares Outstanding	-	32	28	28	25
Shares Change (YoY)	-	12.96%	-0.40%	13.32%	2.14%
EPS (Basic)	-	1.26	0.67	4.57	2.62
EPS (Diluted)	-	1.26	0.67	4.57	2.62
EPS Growth	-	87.77%	-85.37%	74.49%	2604.21%
Dividend Per Share	2.000	1.900	1.800	1.700	1.600
Dividend Growth	5.26%	5.56%	5.88%	6.25%	6.67%
Operating Margin	59.78%	55.37%	57.18%	50.63%	53.24%
Profit Margin	41.13%	21.41%	12.60%	101.60%	64.64%
EBITDA	116.55	107.49	89.65	66.12	57.32
EBITDA Margin	61.93%	57.54%	59.89%	51.92%	56.63%
D&A For Ebitda	4.05	4.05	4.06	1.64	3.43
EBIT	112.5	103.43	85.59	64.48	53.89
EBIT Margin	59.78%	55.37%	57.18%	50.63%	53.24%
Effective Tax Rate	28.83%	25.80%	18.79%	6.96%	4.91%

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