Fairvest Limited (JSE: FTA)

Fairvest Income Statement

Financials in millions ZAR. Fiscal year is October - September.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Jun 30, 2021	Jun 30, 2020
Rental Revenue	2,040	2,040	1,910	1,252	550.11	532.11
Other Revenue	11.15	11.15	4.94	15.46	3.54	5.7
Total Revenue	2,051	2,051	1,915	1,268	553.65	537.8
Revenue Growth (YoY	7.13%	7.13%	51.04%	128.97%	2.95%	9.83%
Property Expenses	862.45	862.45	789.88	522.91	198.76	207.68
Selling, General & Administrative	127.64	127.64	114.79	76.3	31.08	29.97
Provision for Loan Losses	-	-	-	-	-	-44
Total Operating Expenses	990.09	990.09	904.67	599.21	229.84	281.65
Operating Income	1,061	1,061	1,010	668.51	323.82	256.15
Interest Expense	-407.03	-407.03	-442.05	-262.68	-98.8	-108.56
Interest & Investment Income	47.31	47.31	50.23	50.17	25.91	40.81
Other Non-Operating Income	-58.48	-58.48	0.75	99.99	9.03	-61.77
EBT Excluding Unusual Items	643.08	643.08	619.08	556	259.96	126.63
Merger & Restructuring Charges	-	-	-	-59.38	-	-
Gain (Loss) on Sale of Investments	35.09	35.09	2.28	-18.97	-0.29	-0.03
Gain (Loss) on Sale of Assets	-10.13	-10.13	-	-0.91	-	-
Asset Writedown	238.38	238.38	44.73	263.18	72.88	17.07
Other Unusual Items	25.35	25.35	1.17	1,012	-	-
Pretax Income	931.77	931.77	667.25	1,751	332.55	143.67
Income Tax Expense	-	-	-	-1.16	-0.11	0.31
Earnings From Continuing Operations	931.77	931.77	667.25	1,753	332.66	143.36
Earnings From Discontinued Operations	-	-	-558.52	-22.05	-	-
Net Income to Company	931.77	931.77	108.74	1,731	332.66	143.36
Minority Interest in Earnings	-5.46	-5.46	-12.43	-42.9	-43.32	-19.13
Net Income	926.31	926.31	96.31	1,688	289.34	124.22
Net Income to Common	926.31	926.31	96.31	1,688	289.34	124.22
Net Income Growth	861.83%	861.83%	-94.29%	483.29%	132.92%	-46.09%
Basic Shares Outstanding	1,495	1,495	1,507	1,100	531	997
Diluted Shares Outstanding	1,521	1,521	1,530	1,113	531	997
Shares Change (YoY)	-0.60%	-0.60%	37.45%	109.66%	-46.74%	-0.78%
EPS (Basic)	0.62	0.62	0.06	-	0.55	0.12
EPS (Diluted)	0.61	0.61	0.06	-	0.55	0.12
EPS Growth	867.63%	867.63%	-	-	337.35%	-45.67%
Dividend Per Share	1.383	1.383	1.325	1.010	0.221	0.210
Dividend Growth	4.38%	4.38%	31.25%	357.68%	4.87%	-3.38%
Operating Margin	51.74%	51.74%	52.75%	52.73%	58.49%	47.63%
Profit Margin	45.16%	45.16%	5.03%	133.13%	52.26%	23.10%
Free Cash Flow Margin	36.18%	36.18%	39.43%	31.71%	44.64%	36.24%
EBITDA	1,063	1,063	1,011	669.14	323.92	256.25
EBITDA Margin	51.80%	51.80%	52.78%	52.78%	58.51%	47.65%
D&A For Ebitda	1.41	1.41	0.5	0.62	0.11	0.1
EBIT	1,061	1,061	1,010	668.51	323.82	256.15
EBIT Margin	51.73%	51.73%	52.75%	52.73%	58.49%	47.63%
Effective Tax Rate	-	-	-	-	-	0.22%
Revenue as Reported	2,051	2,051	1,915	1,268	553.65	-

Source: S&P Capital IQ. Real Estate template. Financial Sources.