Workspace Group Income Statement

Financials in millions GBP. Fiscal year is April - March.

Millions GBP. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Rental Revenue	182.9	185.2	184.3	174.2	132.9	142.3
Total Revenue	182.9	185.2	184.3	174.2	132.9	142.3
Revenue Growth (YoY	-1.67%	0.49%	5.80%	31.08%	-6.61%	-11.83%
Property Expenses	62.6	63.1	58.1	57.6	46.2	60.8
Selling, General & Administrative	22.6	23.3	25.3	21.5	19.3	19
Other Operating Expenses	3.4	-	-	-	-	-
Total Operating Expenses	88.6	86.4	83.4	79.1	65.5	79.8
Operating Income	94.3	98.8	100.9	95.1	67.4	62.5
Interest Expense	-34.1	-32.6	-35.1	-34.6	-20.5	-23.8
Interest & Investment Income	1.1	0.6	0.2	0.2	-	-
EBT Excluding Unusual Items	61.3	66.8	66	60.7	46.9	38.7
Merger & Restructuring Charges	-	-	-	-1.9	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	0.6	-
Gain (Loss) on Sale of Assets	-2.4	-1.9	-6.4	-5.9	7.8	-0.3
Asset Writedown	-131.2	-55.9	-251.2	-88	68.7	-257.7
Other Unusual Items	-3.6	-3.6	-1.2	-2.4	-	-16.4
Pretax Income	-75.9	5.4	-192.8	-37.5	124	-235.7
Income Tax Expense	-	-	-0.3	0.3	0.1	-
Earnings From Continuing Operations	-75.9	5.4	-192.5	-37.8	123.9	-235.7
Net Income	-75.9	5.4	-192.5	-37.8	123.9	-235.7
Net Income to Common	-75.9	5.4	-192.5	-37.8	123.9	-235.7
Basic Shares Outstanding	192	192	192	190	181	181
Diluted Shares Outstanding	192	194	192	190	182	181
Shares Change (YoY)	0.15%	1.09%	0.63%	4.66%	0.63%	-0.34%
EPS (Basic)	-0.40	0.03	-1.00	-0.20	0.68	-1.30
EPS (Diluted)	-0.40	0.03	-1.00	-0.20	0.68	-1.30
Dividend Per Share	0.284	0.284	0.280	0.258	0.215	0.177
Dividend Growth	-	1.43%	8.53%	20.00%	21.13%	-50.91%
Operating Margin	51.56%	53.35%	54.75%	54.59%	50.71%	43.92%
Profit Margin	-41.50%	2.92%	-104.45%	-21.70%	93.23%	-165.64%
EBITDA	96.4	101.1	103.2	97.4	70.1	65.4
EBITDA Margin	52.71%	54.59%	56.00%	55.91%	52.75%	45.96%
D&A For Ebitda	2.1	2.3	2.3	2.3	2.7	2.9
EBIT	94.3	98.8	100.9	95.1	67.4	62.5
EBIT Margin	51.56%	53.35%	54.75%	54.59%	50.71%	43.92%
Effective Tax Rate	-	-	-	-	0.08%	-

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