JSE:FFB Income Statement

Financials in millions ZAR. Fiscal year is July - June.

Millions ZAR. Fiscal year is Jul - Jun.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Rental Revenue	195.74	112.66	24.56	-52.35	-73.04
Tenant Reimbursements	4,620	4,271	3,763	3,499	3,304
Other Revenue	116.76	2,130	2,387	1,246	705.98
Total Revenue	6,132	6,513	6,175	4,693	3,939
Revenue Growth (YoY	-5.85%	5.47%	31.59%	19.12%	13.29%
Property Expenses	2,102	1,877	1,570	1,314	1,241
Selling, General & Administrative	263.55	238.36	222.18	214.78	200.94
Total Operating Expenses	2,469	2,210	1,847	1,578	1,487
Operating Income	3,663	4,304	4,328	3,115	2,452
Interest Expense	-1,883	-1,864	-1,226	-975.33	-851.24
Interest & Investment Income	106.43	58.28	63.25	42.24	50.61
Currency Exchange Gain (Loss)	116.09	13.4	2.77	-	-
Other Non-Operating Income	-342.72	-86.12	-264.13	734.97	91.23
EBT Excluding Unusual Items	1,660	2,425	2,904	2,917	1,743
Gain (Loss) on Sale of Investments	348.92	2,616	2,469	-2,289	2,027
Asset Writedown	1,791	637.06	-742.38	223.6	-382.42
Other Unusual Items	-	6.83	-6.59	-6.52	-12.18
Pretax Income	3,799	5,684	4,624	844.87	3,375
Income Tax Expense	1,127	1,338	-1,264	43.07	-22
Earnings From Continuing Operations	2,672	4,346	5,888	801.8	3,397
Minority Interest in Earnings	3.83	-13.55	29.36	-23.98	-44.25
Net Income	2,676	4,333	5,917	777.82	3,353
Net Income to Common	2,676	4,333	5,917	777.82	3,353
Net Income Growth	-38.23%	-26.78%	660.76%	-76.80%	-
Basic Shares Outstanding	1,201	1,171	2,099	2,106	2,147
Diluted Shares Outstanding	1,209	1,185	2,117	2,106	2,150
Shares Change (YoY)	2.00%	-44.03%	0.55%	-2.08%	0.24%
EPS (Basic)	2.23	3.70	2.82	0.37	1.56
EPS (Diluted)	2.21	3.66	2.80	0.37	1.56
EPS Growth	-39.44%	30.83%	656.64%	-76.31%	-
Dividend Per Share	1.624	1.516	-	-	0.747
Dividend Growth	7.13%	-	-	-	-25.80%
Operating Margin	59.73%	66.07%	70.08%	66.38%	62.24%
Profit Margin	43.64%	66.52%	95.82%	16.57%	85.11%
EBITDA	3,680	4,321	4,350	3,137	2,474
EBITDA Margin	60.00%	66.34%	70.44%	66.84%	62.80%
D&A For Ebitda	16.65	17.38	22.09	21.52	21.67
EBIT	3,663	4,304	4,328	3,115	2,452
EBIT Margin	59.73%	66.07%	70.08%	66.38%	62.24%
Funds From Operations (FFO)	1,935	1,957	2,189	1,911	1,746
Adjusted Funds From Operations (AFFO)	1,935	1,957	2,189	1,911	1,746
FFO Payout Ratio	15.16%	32.37%	0.17%	46.01%	16.11%
Effective Tax Rate	29.66%	23.54%	-	5.10%	-
Revenue as Reported	6,016	4,384	3,788	3,446	3,233

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