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	231.36	191.31	148.52	124.1	98.7
Other Revenue	1.97	-4.51	1.17	3.25	2.52
Total Revenue	233.33	186.81	149.69	127.34	101.22
Revenue Growth (YoY	24.91%	24.80%	17.55%	25.81%	-3.96%
Property Expenses	80.69	64.47	46.79	44.02	33.24
Depreciation & Amortization	4.6	4.05	4.06	2.92	3.43
Other Operating Expenses	26.38	15.47	13.24	15.93	10.66
Total Operating Expenses	111.66	84	64.1	62.87	47.32
Operating Income	121.67	102.81	85.59	64.48	53.89
Interest Expense	-81.73	-91.94	-87.07	46.84	0.22
Interest & Investment Income	18.83	30.98	24.74	1.79	0.18
Other Non-Operating Income	-3.58	-1.49	-1.74	-2.28	-3.03
EBT Excluding Unusual Items	55.2	40.37	21.52	110.83	51.26
Gain (Loss) on Sale of Assets	0.81	-1.4	-2.29	2.06	1.84
Asset Writedown	53.81	23.7	14.66	33.98	26.25
Total Legal Settlements	-	-0.61	-	-	-
Other Unusual Items	-4.71	-1.2	-3.37	-1.37	-3.43
Pretax Income	105.11	60.86	30.52	145.5	75.92
Income Tax Expense	30.31	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	2.61	-5.16	-5.93	-6	-6.76
Net Income	77.41	40	18.86	129.38	65.43
Net Income to Common	77.41	40	18.86	129.38	65.43
Net Income Growth	93.50%	112.12%	-85.42%	97.73%	2662.01%
Basic Shares Outstanding	32	32	28	28	25
Diluted Shares Outstanding	32	32	28	28	25
Shares Change (YoY)	0.15%	12.96%	-0.40%	13.32%	2.14%
EPS (Basic)	2.43	1.26	0.67	4.57	2.62
EPS (Diluted)	2.43	1.26	0.67	4.57	2.62
EPS Growth	93.21%	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	52.14%	55.04%	57.18%	50.63%	53.24%
Profit Margin	33.17%	21.41%	12.60%	101.60%	64.64%
EBITDA	126.27	106.86	89.65	66.12	57.32
EBITDA Margin	54.12%	57.21%	59.89%	51.92%	56.63%
D&A For Ebitda	4.6	4.05	4.06	1.64	3.43
EBIT	121.67	102.81	85.59	64.48	53.89
EBIT Margin	52.14%	55.04%	57.18%	50.63%	53.24%
Effective Tax Rate	28.84%	25.80%	18.79%	6.96%	4.91%

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