Safari Investments RSA Limited (JSE:SAR)

Safari Investments RSA Income Statement

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

Fiscal Year	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Rental Revenue	528.35	517.42	408.16	374.64	337.66
Other Revenue	21.97	27.04	56.54	41.43	5.06
Total Revenue	550.32	544.46	464.7	416.07	342.71
Revenue Growth (YoY	1.08%	17.16%	11.69%	21.40%	-6.56%
Property Expenses	245.54	241.89	207.06	205.51	133.86
Total Operating Expenses	245.54	241.89	207.06	205.51	133.86
Operating Income	304.78	302.56	257.64	210.56	208.86
Interest Expense	-136.09	-134.66	-91.93	-74.36	-110.5
Interest & Investment Income	1.62	1.66	3.49	4.16	4.43
Other Non-Operating Income	-	-2.28	-	5.71	5.15
EBT Excluding Unusual Items	170.32	167.29	169.2	146.07	107.94
Total Insurance Settlements	0.57	-	11.74	28.87	1.22
Asset Writedown	164.78	183.02	144.68	88.04	153.06
Total Legal Settlements	-	-	13.47	-	-
Pretax Income	335.68	350.31	339.08	262.98	262.22
Income Tax Expense	13.79	22.08	16.17	9.25	-5.36
Net Income	321.88	328.22	322.91	253.74	267.58
Net Income to Common	321.88	328.22	322.91	253.74	267.58
Net Income Growth	-1.93%	1.64%	27.26%	-5.17%	148.54%
Basic Shares Outstanding	257	257	258	258	258
Diluted Shares Outstanding	257	257	258	258	258
Shares Change (YoY)	-0.04%	-0.31%	-0.02%	0.04%	-
EPS (Basic)	1.25	1.28	1.25	0.98	1.04
EPS (Diluted)	1.25	1.28	1.25	0.98	1.04
EPS Growth	-1.88%	2.14%	27.07%	-5.21%	148.53%
Dividend Per Share	0.624	0.610	0.650	0.570	0.420
Dividend Growth	2.30%	-6.15%	14.04%	35.71%	-8.70%
Operating Margin	55.38%	55.57%	55.44%	50.61%	60.94%
Profit Margin	58.49%	60.28%	69.49%	60.98%	78.08%
EBITDA	305.11	302.84	257.92	210.87	209.11
EBITDA Margin	55.44%	55.62%	55.50%	50.68%	61.02%
D&A For Ebitda	0.33	0.28	0.28	0.3	0.25
EBIT	304.78	302.56	257.64	210.56	208.86
EBIT Margin	55.38%	55.57%	55.44%	50.61%	60.94%
Effective Tax Rate	4.11%	6.30%	4.77%	3.52%	-

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.