Emira Property Fund Limited (JSE:EMI)

Emira Property Fund Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Jun 30, 2022	Jun 30, 2021
Rental Revenue	1,052	1,235	1,379	1,285	1,079	1,094
Tenant Reimbursements	476.43	496.07	505.63	459.59	395.07	387.08
Other Revenue	249.47	319.16	249.11	443.37	526.48	411.89
Total Revenue	1,778	2,050	2,134	2,188	2,001	1,893
Revenue Growth (YoY	-13.89%	-3.93%	-2.46%	9.36%	5.70%	8.18%
Property Expenses	740.27	813.07	880.64	789.81	690.7	661.98
Selling, General & Administrative	116.24	113	117.62	121.62	93.08	92.74
Provision for Loan Losses	-28.65	-33.25	-300.7	-91.27	-25.89	-29.05
Other Operating Expenses	42.06	39.86	-8.18	16.7	17.37	4.75
Total Operating Expenses	927.22	999.18	1,291	1,019	827.04	788.52
Operating Income	850.71	1,051	843.43	1,169	1,174	1,104
Interest Expense	-490.56	-541.79	-685.15	-515.89	-348.6	13.78
Interest & Investment Income	22.61	63.62	46.1	66.21	42.26	40.18
Currency Exchange Gain (Loss)	86.27	0.44	51.71	114.52	115.6	-143.39
Other Non-Operating Income	-21.29	-25.55	-4.37	-82.31	3.74	9.3
EBT Excluding Unusual Items	447.74	547.87	251.72	751.11	986.75	1,024
Gain (Loss) on Sale of Investments	921.26	1,453	-38.15	-34.83	-43.75	-23.29
Asset Writedown	77.71	436.07	326.58	86.96	28.72	-541.38
Other Unusual Items	-	-	-	308.9	-	-
Pretax Income	1,464	2,437	540.15	1,112	971.71	459.65
Income Tax Expense	23.94	63.08	15.29	-2.68	1.73	-4.73
Earnings From Continuing Operations	1,440	2,374	524.86	1,115	969.98	464.39
Minority Interest in Earnings	0.24	5.65	-28.87	-14.08	-1.4	2.9
Net Income	1,440	2,379	495.99	1,101	968.58	467.29
Net Income to Common	1,440	2,379	495.99	1,101	968.58	467.29
Net Income Growth	-20.69%	379.72%	-54.94%	13.64%	107.28%	-
Basic Shares Outstanding	477	482	482	483	483	485
Diluted Shares Outstanding	481	488	489	489	489	489
Shares Change (YoY)	-1.78%	-0.26%	-	-	-	-1.56%
EPS (Basic)	3.02	4.93	1.03	2.28	2.00	0.96
EPS (Diluted)	3.00	4.88	1.01	2.25	1.98	0.95
EPS Growth	-19.25%	380.96%	-54.94%	13.64%	107.29%	-
Dividend Per Share	1.259	1.239	1.170	1.290	1.198	1.187
Dividend Growth	6.99%	5.87%	-9.31%	7.72%	0.96%	13.69%
Operating Margin	47.85%	51.27%	39.52%	53.41%	58.66%	58.34%
Profit Margin	80.99%	116.05%	23.24%	50.31%	48.41%	24.69%
EBITDA	866.64	1,068	857.15	1,184	1,183	1,124
EBITDA Margin	48.74%	52.07%	40.16%	54.10%	59.13%	59.39%
D&A For Ebitda	15.94	16.55	13.72	15.2	9.33	19.87
EBIT	850.71	1,051	843.43	1,169	1,174	1,104
EBIT Margin	47.85%	51.27%	39.52%	53.41%	58.66%	58.34%
Effective Tax Rate	1.64%	2.59%	2.83%	-	0.18%	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.