Safari Investments RSA Limited (JSE:SAR)

Safari Investments RSA Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2025	Jun 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Rental Revenue	607.71	528.35	517.42	408.16	374.64
Other Revenue	17.33	21.97	27.04	56.54	41.43
Total Revenue	625.05	550.32	544.46	464.7	416.07
Revenue Growth (YoY	13.58%	1.08%	17.16%	11.69%	21.40%
Property Expenses	283.78	244.39	241.89	207.06	205.51
Total Operating Expenses	292.14	245.54	241.89	207.06	205.51
Operating Income	332.9	304.78	302.56	257.64	210.56
Interest Expense	-134.29	-136.09	-134.66	-91.93	-74.36
Interest & Investment Income	1.88	1.62	1.66	3.49	4.16
Other Non-Operating Income	-	-	-2.28	-	5.71
EBT Excluding Unusual Items	200.49	170.32	167.29	169.2	146.07
Gain (Loss) on Sale of Assets	12.28	-	-	-	-
Total Insurance Settlements	0.58	0.57	-	11.74	28.87
Asset Writedown	352.65	164.78	183.02	144.68	88.04
Total Legal Settlements	-	-	-	13.47	-
Pretax Income	566	335.68	350.31	339.08	262.98
Income Tax Expense	11.15	13.79	22.08	16.17	9.25
Net Income	554.85	321.88	328.22	322.91	253.74
Net Income to Common	554.85	321.88	328.22	322.91	253.74
Net Income Growth	72.38%	-1.93%	1.64%	27.26%	-5.17%
Basic Shares Outstanding	256	257	257	258	258
Diluted Shares Outstanding	256	257	257	258	258
Shares Change (YoY)	-0.50%	-0.04%	-0.31%	-0.02%	0.04%
EPS (Basic)	2.17	1.25	1.28	1.25	0.98
EPS (Diluted)	2.17	1.25	1.28	1.25	0.98
EPS Growth	73.23%	-1.88%	2.14%	27.07%	-5.21%
Dividend Per Share	0.740	0.624	0.610	0.650	0.570
Dividend Growth	18.59%	2.30%	-6.15%	14.04%	35.71%
Operating Margin	53.26%	55.38%	55.57%	55.44%	50.61%
Profit Margin	88.77%	58.49%	60.28%	69.49%	60.98%
EBITDA	333.5	305.11	302.84	257.92	210.87
EBITDA Margin	53.35%	55.44%	55.62%	55.50%	50.68%
D&A For Ebitda	0.59	0.33	0.28	0.28	0.3
EBIT	332.9	304.78	302.56	257.64	210.56
EBIT Margin	53.26%	55.38%	55.57%	55.44%	50.61%
Effective Tax Rate	1.97%	4.11%	6.30%	4.77%	3.52%

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