Lavastone Ltd (MUSE:LAVA.I0000)

Lavastone Income Statement

Financials in millions MUR. Fiscal year is October - September.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Rental Revenue	361.91	359.54	334.57	253.44	234.5	175.26
Tenant Reimbursements	50.8	50.8	50.19	42.45	42.76	32.02
Other Revenue	-11.38	-12.63	13.11	103.94	5.78	5.9
Total Revenue	401.32	397.72	397.87	399.83	283.04	213.17
Revenue Growth (YoY	0.52%	-0.04%	-0.49%	41.26%	32.78%	11.05%
Property Expenses	65.96	66.28	59.38	54.02	49.96	43.29
Selling, General & Administrative	89.92	88.59	87.45	69.54	67.27	59.96
Other Operating Expenses	-	-	12.99	62.73	-	-
Total Operating Expenses	155.64	154.63	162	189.36	113.29	107.77
Operating Income	245.69	243.09	235.87	210.47	169.76	105.4
Interest Expense	-73.94	-74.73	-83.88	-69.62	-34.9	-15.6
Interest & Investment Income	7.45	7.45	7.72	11.51	1.76	0.96
Currency Exchange Gain (Loss)	0.67	0.72	0.1	-9.84	42.91	-12.37
Other Non-Operating Income	10.99	10.99	24.13	21.01	17.31	16.35
EBT Excluding Unusual Items	190.85	187.51	183.94	163.54	196.82	94.74
Gain (Loss) on Sale of Investments	-	-	-	6.76	-	1.38
Gain (Loss) on Sale of Assets	25.41	13.51	-	-	28.94	-4.32
Asset Writedown	41.19	41.19	28.95	76.22	-16.94	105.88
Pretax Income	257.44	242.21	212.89	246.51	208.83	197.68
Income Tax Expense	1.98	0.27	37.09	30.11	28.62	35.46
Earnings From Continuing Operations	255.46	241.94	175.79	216.4	180.21	162.22
Minority Interest in Earnings	2.81	2.81	-2.99	-	-7.31	-2.66
Net Income	258.27	244.75	172.8	216.4	172.9	159.56
Net Income to Common	258.27	244.75	172.8	216.4	172.9	159.56
Net Income Growth	45.02%	41.63%	-20.15%	25.16%	8.36%	-
Basic Shares Outstanding	681	681	681	681	681	681
Diluted Shares Outstanding	681	681	681	681	681	681
EPS (Basic)	0.38	0.36	0.25	0.32	0.25	0.23
EPS (Diluted)	0.38	0.36	0.25	0.32	0.25	0.23
EPS Growth	45.02%	41.63%	-20.15%	25.16%	8.36%	-
Dividend Per Share	0.080	0.080	0.080	0.070	0.060	0.040
Dividend Growth	-	-	14.29%	16.67%	50.00%	100.00%
Operating Margin	61.22%	61.12%	59.28%	52.64%	59.98%	49.45%
Profit Margin	64.35%	61.54%	43.43%	54.12%	61.09%	74.85%
EBITDA	248.51	245.73	237.78	213.04	173.25	107.57
EBITDA Margin	61.92%	61.79%	59.77%	53.28%	61.21%	50.46%
D&A For Ebitda	2.83	2.64	1.91	2.57	3.5	2.17
EBIT	245.69	243.09	235.87	210.47	169.76	105.4
EBIT Margin	61.22%	61.12%	59.28%	52.64%	59.98%	49.45%
Effective Tax Rate	0.77%	0.11%	17.42%	12.21%	13.70%	17.94%
Revenue as Reported	419.89	417.68	414.24	405.07	287.32	216.01

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