NGX:SFSREIT Income Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	716.22	205.9	190.03	178.85	173.96
Other Revenue	-	-	-	0	-
Total Revenue	716.22	382.5	337.76	247.79	232.62
Revenue Growth (YoY	87.25%	13.25%	36.31%	6.52%	3.65%
Property Expenses	42.77	49.56	52.62	39.31	51.63
Selling, General & Administrative	35.62	17.72	16.15	14.75	13.33
Other Operating Expenses	-	3.06	2	-0	-0
Total Operating Expenses	78.39	70.33	70.76	54.06	64.95
Operating Income	637.83	312.17	267	193.72	167.67
Other Non-Operating Income	-3.52	-7.49	-7.16	-7.1	-7.15
EBT Excluding Unusual Items	634.31	304.68	259.84	186.62	160.52
Gain (Loss) on Sale of Assets	-	172.41	57.66	-	-
Pretax Income	634.31	477.09	317.5	186.62	160.52
Net Income	634.31	477.09	317.5	186.62	160.52
Net Income to Common	634.31	477.09	317.5	186.62	160.52
Net Income Growth	32.95%	50.26%	70.13%	16.26%	-8.35%
Basic Shares Outstanding	20	20	20	20	20
Diluted Shares Outstanding	20	20	20	20	20
Shares Change (YoY)	-0.03%	0.05%	-0.04%	-0.06%	0.11%
EPS (Basic)	31.72	23.85	15.88	9.33	8.02
EPS (Diluted)	31.72	23.85	15.88	9.33	8.02
EPS Growth	33.00%	50.19%	70.20%	16.33%	-8.45%
Dividend Per Share	-	21.500	14.500	8.450	7.250
Dividend Growth	-	48.28%	71.60%	16.55%	-10.49%
Operating Margin	89.05%	81.61%	79.05%	78.18%	72.08%
Profit Margin	88.56%	124.73%	94.00%	75.32%	69.00%
EBIT	637.83	312.17	267	193.72	167.67
EBIT Margin	89.05%	81.61%	79.05%	78.18%	72.08%
Revenue as Reported	-	554.91	395.42	247.79	232.62

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.