NGX:SFSREIT Income Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	220.84	205.9	190.03	178.85	173.96
Other Revenue	51.91	-	-	-	0	-
Total Revenue	470.4	418.49	382.5	337.76	247.79	232.62
Revenue Growth (YoY	17.58%	9.41%	13.25%	36.31%	6.52%	3.65%
Property Expenses	53.59	53.59	49.56	52.62	39.31	51.63
Selling, General & Administrative	35.66	22.33	17.22	16.15	14.75	13.33
Other Operating Expenses	5.19	5.19	3.56	2	-0	-0
Total Operating Expenses	94.44	81.11	70.33	70.76	54.06	64.95
Operating Income	375.97	337.38	312.17	267	193.72	167.67
Other Non-Operating Income	-7.79	-7.79	-7.49	-7.16	-7.1	-7.15
EBT Excluding Unusual Items	368.17	329.59	304.68	259.84	186.62	160.52
Gain (Loss) on Sale of Assets	298.9	298.9	172.41	57.66	-	-
Pretax Income	667.07	628.49	477.09	317.5	186.62	160.52
Net Income	667.07	628.49	477.09	317.5	186.62	160.52
Net Income to Common	667.07	628.49	477.09	317.5	186.62	160.52
Net Income Growth	37.42%	31.73%	50.26%	70.13%	16.26%	-8.35%
Basic Shares Outstanding	20	20	20	20	20	20
Diluted Shares Outstanding	20	20	20	20	20	20
Shares Change (YoY)	-0.06%	-0.01%	0.05%	-0.04%	-0.06%	0.11%
EPS (Basic)	33.35	31.42	23.85	15.88	9.33	8.02
EPS (Diluted)	33.35	31.42	23.85	15.88	9.33	8.02
EPS Growth	37.50%	31.74%	50.19%	70.20%	16.33%	-8.45%
Dividend Per Share	28.300	28.300	21.500	14.500	8.450	7.250
Dividend Growth	31.63%	31.63%	48.28%	71.60%	16.55%	-10.49%
Operating Margin	79.92%	80.62%	81.61%	79.05%	78.18%	72.08%
Profit Margin	141.81%	150.18%	124.73%	94.00%	75.32%	69.00%
EBIT	375.97	337.38	312.17	267	193.72	167.67
EBIT Margin	79.92%	80.62%	81.61%	79.05%	78.18%	72.08%
Revenue as Reported	717.39	717.39	554.91	395.42	247.79	232.62

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