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	220.84	205.9	190.03	178.85	173.96
Other Revenue	-	-	-	0	-
Total Revenue	418.49	382.5	337.76	247.79	232.62
Revenue Growth (YoY	9.41%	13.25%	36.31%	6.52%	3.65%
Property Expenses	53.59	49.56	52.62	39.31	51.63
Selling, General & Administrative	22.33	17.22	16.15	14.75	13.33
Other Operating Expenses	5.19	3.56	2	-0	-0
Total Operating Expenses	81.11	70.33	70.76	54.06	64.95
Operating Income	337.38	312.17	267	193.72	167.67
Other Non-Operating Income	-7.79	-7.49	-7.16	-7.1	-7.15
EBT Excluding Unusual Items	329.59	304.68	259.84	186.62	160.52
Gain (Loss) on Sale of Assets	298.9	172.41	57.66	-	-
Pretax Income	628.49	477.09	317.5	186.62	160.52
Net Income	628.49	477.09	317.5	186.62	160.52
Net Income to Common	628.49	477.09	317.5	186.62	160.52
Net Income Growth	31.73%	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)	-0.01%	0.05%	-0.04%	-0.06%	0.11%
EPS (Basic)	31.42	23.85	15.88	9.33	8.02
EPS (Diluted)	31.42	23.85	15.88	9.33	8.02
EPS Growth	31.74%	50.19%	70.20%	16.33%	-8.45%
Dividend Per Share	28.300	21.500	14.500	8.450	7.250
Dividend Growth	31.63%	48.28%	71.60%	16.55%	-10.49%
Operating Margin	80.62%	81.61%	79.05%	78.18%	72.08%
Profit Margin	150.18%	124.73%	94.00%	75.32%	69.00%
EBIT	337.38	312.17	267	193.72	167.67
EBIT Margin	80.62%	81.61%	79.05%	78.18%	72.08%
Revenue as Reported	717.39	554.91	395.42	247.79	232.62

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