Newpark REIT Income Statement

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

Millions ZAR. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Rental Revenue	129.38	132.82	130.89	126.67	109.96
Total Revenue	129.38	132.82	130.89	126.67	109.96
Revenue Growth (YoY	-2.59%	1.48%	3.33%	15.19%	-1.64%
Property Expenses	28.32	31.67	27.43	30.82	27.63
Selling, General & Administrative	7.48	9.96	6.51	7.29	5.03
Other Operating Expenses	-	-	-	0	0
Total Operating Expenses	35.79	41.63	33.94	38.11	32.67
Operating Income	93.59	91.19	96.95	88.56	77.3
Interest Expense	-42.68	-45.92	-43.09	-40.02	-46.59
Interest & Investment Income	1.24	0.74	1.07	0.63	0.32
Other Non-Operating Income	-1.87	-3.66	-2.53	15.61	20.17
EBT Excluding Unusual Items	50.28	42.35	52.4	64.78	51.2
Asset Writedown	37.1	-6.21	-274.68	65.87	-24.32
Pretax Income	87.38	36.14	-222.28	130.65	26.88
Net Income	87.38	36.14	-222.28	130.65	26.88
Net Income to Common	87.38	36.14	-222.28	130.65	26.88
Net Income Growth	141.80%	-	-	385.98%	57.34%
Basic Shares Outstanding	100	100	100	100	100
Diluted Shares Outstanding	100	100	100	100	100
EPS (Basic)	0.87	0.36	-2.22	1.31	0.27
EPS (Diluted)	0.87	0.36	-2.22	1.31	0.27
EPS Growth	141.80%	-	-	386.05%	57.32%
Dividend Per Share	0.501	0.784	0.704	0.672	0.469
Dividend Growth	-36.12%	11.37%	4.73%	43.23%	17.63%
Operating Margin	72.34%	68.66%	74.07%	69.91%	70.29%
Profit Margin	67.54%	27.21%	-169.83%	103.14%	24.45%
EBITDA	93.77	91.38	97.14	88.75	77.53
EBITDA Margin	72.47%	68.80%	74.21%	70.06%	70.50%
D&A For Ebitda	0.18	0.19	0.19	0.19	0.23
EBIT	93.59	91.19	96.95	88.56	77.3
EBIT Margin	72.34%	68.66%	74.07%	69.91%	70.29%
Funds From Operations (FFO)	50.07	78.37	81.11	67.2	-
Adjusted Funds From Operations (AFFO)	50.07	78.37	81.11	67.2	-
FFO Payout Ratio	148.54%	83.41%	95.18%	74.78%	-