Land Securities Group Income Statement

Financials in millions GBP. Fiscal year is April - March.

Millions GBP. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Property Revenue	892	842	824	791	679
Revenue	892	842	824	791	679
Revenue Growth (YoY)	5.94%	2.18%	4.17%	16.50%	6.93%
Property Expenses	472	429	409	382	308
Total Property Expenses	472	429	409	382	308
Gross Profit	420	413	415	409	371
Other Operating Expenses	-45	-113	642	978	-562
Operating Income	465	526	-227	-569	935
Net Gains on Disposal of Properties	-	-	-	-	2
Interest Income	14	15	12	34	25
Interest Expense	-133	-148	-126	-87	-85
Total Non-Operating Income (Expense)	-119	-133	-114	-53	-58
Pretax Income	346	393	-341	-622	875
Provision for Income Taxes	2	-3	-	-	-
Net Income	344	396	-341	-622	875
Minority Interest in Earnings	1	-	-22	-3	6
Net Income to Common	343	396	-319	-619	869
Net Income Growth	-13.38%	-	-	-	-
Shares Outstanding (Basic)	743	743	741	740	740
Shares Outstanding (Diluted)	747	747	744	744	742
Shares Change (YoY)	-	0.40%	-	0.27%	0.14%
EPS (Basic)	0.46	0.53	-0.43	-0.84	1.17
EPS (Diluted)	0.46	0.53	-0.43	-0.84	1.17
EPS Growth	-13.40%	-	-	-	-
Free Cash Flow	-231	-200	10	-13	37
Free Cash Flow Growth	-	-	-	-	146.67%
Free Cash Flow Per Share	-0.31	-0.27	0.01	-0.02	0.05
Dividends Per Share	0.412	0.404	0.396	0.386	0.370
Dividend Growth	1.98%	2.02%	2.59%	4.32%	37.04%
Gross Margin	47.09%	49.05%	50.36%	51.71%	54.64%
Operating Margin	52.13%	62.47%	-27.55%	-71.93%	137.70%
Profit Margin	38.56%	47.03%	-41.38%	-78.63%	128.87%
FCF Margin	-25.90%	-23.75%	1.21%	-1.64%	5.45%
EBITDA	467	530	-223	-564	940
EBITDA Margin	52.35%	62.95%	-27.06%	-71.30%	138.44%
EBIT	465	526	-227	-569	935
EBIT Margin	52.13%	62.47%	-27.55%	-71.93%	137.70%
Effective Tax Rate	0.58%	-0.76%	0.00%	0.00%	0.00%