MPICO Income Statement

Financials in millions MWK. Fiscal year is January - December.

Millions MWK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	8,061	6,883	6,841	6,614	6,329
Other Revenue	511.43	452.58	148.16	141.61	276.45
Total Revenue	8,573	7,335	6,989	6,755	6,605
Revenue Growth (YoY	16.87%	4.95%	3.46%	2.27%	-4.00%
Property Expenses	6,033	5,300	4,583	4,723	2,867
Selling, General & Administrative	101.03	80.48	-	-	-
Total Operating Expenses	6,094	5,546	4,855	4,791	2,963
Operating Income	2,479	1,789	2,134	1,965	3,642
Interest Expense	-842.15	-880.47	-720.91	-737.44	-805.98
Interest & Investment Income	1,184	1,098	900.85	1,036	1,276
EBT Excluding Unusual Items	2,820	2,006	2,314	2,264	4,112
Asset Writedown	12,070	8,932	6,691	5,426	5,049
Pretax Income	14,890	10,938	9,005	7,689	9,161
Income Tax Expense	2,706	3,871	867.78	1,267	4,818
Earnings From Continuing Operations	12,185	7,067	8,137	6,423	4,344
Minority Interest in Earnings	-3,644	-1,598	-2,411	-1,717	-112.61
Net Income	8,540	5,469	5,726	4,706	4,231
Net Income to Common	8,540	5,469	5,726	4,706	4,231
Net Income Growth	56.16%	-4.50%	21.69%	11.22%	-24.70%
Basic Shares Outstanding	2,298	2,298	2,298	2,298	2,298
Diluted Shares Outstanding	2,298	2,298	2,298	2,298	2,298
EPS (Basic)	3.72	2.38	2.49	2.05	1.84
EPS (Diluted)	3.72	2.38	2.49	2.05	1.84
EPS Growth	56.16%	-4.50%	21.69%	11.22%	-24.70%
Dividend Per Share	0.430	0.380	0.360	0.310	0.280
Dividend Growth	13.16%	5.56%	16.13%	10.71%	12.00%
Operating Margin	28.91%	24.39%	30.54%	29.08%	55.14%
Profit Margin	99.62%	74.56%	81.93%	69.66%	64.05%
EBITDA	2,541	1,897	2,273	2,121	3,802
EBITDA Margin	29.64%	25.86%	32.52%	31.39%	57.55%
D&A For Ebitda	62.54	108.11	138.17	155.93	159.61
EBIT	2,479	1,789	2,134	1,965	3,642
EBIT Margin	28.91%	24.39%	30.54%	29.08%	55.14%
Effective Tax Rate	18.17%	35.39%	9.64%	16.47%	52.59%
Revenue as Reported	21,633	17,347	14,560	13,195	12,916

Updated Dec 31, 2024. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.