Happy World Property Income Statement

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

Millions MUR. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Rental Revenue	130.99	129.23	105.6	99.46	60.9	43.18
Other Revenue	1.81	1.85	0.87	0.16	0.31	-
Total Revenue	132.79	131.08	106.47	99.62	61.21	43.18
Revenue Growth (YoY	18.81%	23.11%	6.88%	62.75%	41.74%	-15.68%
Property Expenses	97.72	97.72	91.1	79.58	-	-
Selling, General & Administrative	-5.92	-	-	-	22.85	21.69
Depreciation & Amortization	-	-	-	-	6.05	-
Other Operating Expenses	-	-	-	-	7.41	-
Total Operating Expenses	91.8	97.72	91.1	79.58	36.31	21.69
Operating Income	41	33.36	15.37	20.04	24.9	21.5
Interest Expense	-20.52	-21.45	-15.24	-11.86	-3.78	-1.77
Currency Exchange Gain (Loss)	-0.27	0.22	0.61	0.72	-0.96	0.7
Other Non-Operating Income	-	-	-	-0.25	-	0
EBT Excluding Unusual Items	20.21	12.13	0.75	8.66	20.16	20.43
Merger & Restructuring Charges	-	-	-	-1.03	-4.23	-
Impairment of Goodwill	-6	-6	-9.29	-	-	-
Gain (Loss) on Sale of Assets	-	-	-1.81	-4.81	0	-
Asset Writedown	15.3	15.3	5.89	13.87	21	-
Other Unusual Items	-0.3	-0.3	-0.24	-2.79	-2.24	-
Pretax Income	29.21	21.12	-4.71	13.9	34.7	20.43
Income Tax Expense	4.2	4.2	2.84	-0.7	4.04	-2.98
Net Income	25.01	16.92	-7.55	14.59	30.66	23.41
Net Income to Common	25.01	16.92	-7.55	14.59	30.66	23.41
Net Income Growth	-	-	-	-52.40%	30.94%	-48.51%
Basic Shares Outstanding	40	40	40	41	40	40
Diluted Shares Outstanding	40	40	40	41	40	40
Shares Change (YoY)	1.41%	1.41%	-1.99%	1.82%	-0.46%	-
EPS (Basic)	0.62	0.42	-0.19	0.36	0.77	0.59
EPS (Diluted)	0.62	0.42	-0.19	0.36	0.77	0.59
EPS Growth	-	-	-	-53.25%	31.55%	-48.51%
Dividend Per Share	-	-	0.060	-	-	-
Operating Margin	30.87%	25.45%	14.44%	20.12%	40.68%	49.79%
Profit Margin	18.83%	12.91%	-7.09%	14.65%	50.09%	54.22%
EBITDA	52.23	44.58	26.58	29.64	27.47	-
EBITDA Margin	39.33%	34.01%	24.96%	29.75%	44.87%	-
D&A For Ebitda	11.23	11.22	11.2	9.6	2.57	-
EBIT	41	33.36	15.37	20.04	24.9	21.5
EBIT Margin	30.87%	25.45%	14.44%	20.12%	40.68%	49.79%
Effective Tax Rate	14.38%	19.89%	-	-	11.64%	-

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.