Delta Property Fund Income Statement

Financials in millions ZAR. Fiscal year is March - February.

Millions ZAR. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '25 Aug 31, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Rental Revenue	1,130	1,143	1,138	1,217	1,389	1,408
Total Revenue	1,130	1,143	1,138	1,217	1,389	1,408
Revenue Growth (YoY	-2.09%	0.50%	-6.49%	-12.42%	-1.35%	-3.25%
Property Expenses	427.16	422.01	483.87	483	571.35	556.66
Selling, General & Administrative	99.17	101.73	96.56	109.17	97.82	116.43
Other Operating Expenses	-19.39	-19.46	-31.75	-6.72	-1.21	-0.71
Total Operating Expenses	547.18	529.83	554.57	664.56	667.04	671.95
Operating Income	582.57	613.6	583.18	552.16	722.19	736.32
Interest Expense	-435.11	-460.55	-471.71	-442.86	-411.4	-433.6
Interest & Investment Income	3.74	1.99	10.63	10.62	32.1	35.51
Currency Exchange Gain (Loss)	0.3	-2.91	19.7	15.71	2.58	-3.71
Other Non-Operating Income	10.52	-2.46	-5.93	43.53	-48.75	-53.92
EBT Excluding Unusual Items	162.01	149.67	135.87	179.15	296.73	280.59
Gain (Loss) on Sale of Investments	-43.58	-43.58	-30.33	-35.54	64.88	-67.55
Asset Writedown	-174.16	-178.29	-180.1	-833.64	-428.84	-517.14
Other Unusual Items	-	-	-	11.56	-	-
Pretax Income	-55.73	-72.19	-74.55	-678.46	-67.23	-304.09
Income Tax Expense	27.35	32.02	3.02	71.22	81.77	152.02
Earnings From Continuing Operations	-83.08	-104.21	-77.57	-749.68	-149	-456.11
Net Income to Company	-83.08	-104.21	-77.57	-749.68	-149	-456.11
Minority Interest in Earnings	-	-	11.09	21.41	4.03	1.65
Net Income	-83.08	-104.21	-66.48	-728.27	-144.97	-454.46
Net Income to Common	-83.08	-104.21	-66.48	-728.27	-144.97	-454.46
Basic Shares Outstanding	714	714	714	714	714	714
Diluted Shares Outstanding	714	714	714	714	714	714
Shares Change (YoY)	-	0.00%	0.00%	-	-	-
EPS (Basic)	-0.12	-0.15	-0.09	-1.02	-0.20	-0.64
EPS (Diluted)	-0.12	-0.15	-0.09	-1.02	-0.20	-0.64
Operating Margin	51.57%	53.66%	51.26%	45.38%	51.99%	52.29%
Profit Margin	-7.35%	-9.11%	-5.84%	-59.86%	-10.44%	-32.27%
EBITDA	582.42	614.05	583.77	552.79	722.75	736.92
EBITDA Margin	51.55%	53.70%	51.31%	45.43%	52.02%	52.33%
D&A For Ebitda	-0.14	0.46	0.59	0.63	0.56	0.61
EBIT	582.57	613.6	583.18	552.16	722.19	736.32
EBIT Margin	51.57%	53.66%	51.26%	45.38%	51.99%	52.29%
Funds From Operations (FFO)	115.72	107.96	133.56	79.43	263.63	223.77
Adjusted Funds From Operations (AFFO)	-	107.96	133.56	79.43	263.63	223.77
Revenue as Reported	1,130	1,143	1,138	1,217	1,389	1,408

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