Workspace 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
Rental Revenue	181.4	185.2	184.3	174.2	132.9
Total Revenue	181.4	185.2	184.3	174.2	132.9
Revenue Growth (YoY	-2.05%	0.49%	5.80%	31.08%	-6.61%
Property Expenses	68	63.1	58.1	57.6	46.2
Selling, General & Administrative	21.7	23.3	25.3	21.5	19.3
Total Operating Expenses	89.7	86.4	83.4	79.1	65.5
Operating Income	91.7	98.8	100.9	95.1	67.4
Interest Expense	-33.4	-32.6	-35.1	-34.6	-20.5
Interest & Investment Income	2.2	0.6	0.2	0.2	-
EBT Excluding Unusual Items	60.5	66.8	66	60.7	46.9
Merger & Restructuring Charges	-	-	-	-1.9	-
Gain (Loss) on Sale of Investments	-	-	-	-	0.6
Gain (Loss) on Sale of Assets	-14.5	-1.9	-6.4	-5.9	7.8
Asset Writedown	-159.2	-55.9	-251.2	-88	68.7
Other Unusual Items	-3.1	-3.6	-1.2	-2.4	-
Pretax Income	-120.5	5.4	-192.8	-37.5	124
Income Tax Expense	-0.2	-	-0.3	0.3	0.1
Net Income	-120.3	5.4	-192.5	-37.8	123.9
Net Income to Common	-120.3	5.4	-192.5	-37.8	123.9
Basic Shares Outstanding	192	192	192	190	181
Diluted Shares Outstanding	192	194	192	190	182
Shares Change (YoY)	-0.80%	1.09%	0.63%	4.66%	0.63%
EPS (Basic)	-0.63	0.03	-1.00	-0.20	0.68
EPS (Diluted)	-0.63	0.03	-1.00	-0.20	0.68
Dividend Per Share	0.261	0.284	0.280	0.258	0.215
Dividend Growth	-8.10%	1.43%	8.53%	20.00%	21.13%
Operating Margin	50.55%	53.35%	54.75%	54.59%	50.71%
Profit Margin	-66.32%	2.92%	-104.45%	-21.70%	93.23%
EBITDA	93.5	101.1	103.2	97.4	70.1
EBITDA Margin	51.54%	54.59%	56.00%	55.91%	52.75%
D&A For Ebitda	1.8	2.3	2.3	2.3	2.7
EBIT	91.7	98.8	100.9	95.1	67.4
EBIT Margin	50.55%	53.35%	54.75%	54.59%	50.71%
Effective Tax Rate	-	-	-	-	0.08%