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	Jun '26 Jun 30, 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	282.03	220.84	205.9	190.03	178.85	173.96
Other Revenue	-	-	-	-	0	-
Total Revenue	479.68	418.49	382.5	337.76	247.79	232.62
Revenue Growth (YoY	14.21%	9.41%	13.25%	36.31%	6.52%	3.65%
Property Expenses	65.39	53.59	49.56	52.62	39.31	51.63
Selling, General & Administrative	26.39	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	96.97	81.11	70.33	70.76	54.06	64.95
Operating Income	382.71	337.38	312.17	267	193.72	167.67
Other Non-Operating Income	-18.85	-7.79	-7.49	-7.16	-7.1	-7.15
EBT Excluding Unusual Items	363.86	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	662.76	628.49	477.09	317.5	186.62	160.52
Net Income	662.76	628.49	477.09	317.5	186.62	160.52
Net Income to Common	662.76	628.49	477.09	317.5	186.62	160.52
Net Income Growth	30.34%	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)	-0.03%	-0.01%	0.05%	-0.04%	-0.06%	0.11%
EPS (Basic)	33.15	31.42	23.85	15.88	9.33	8.02
EPS (Diluted)	33.15	31.42	23.85	15.88	9.33	8.02
EPS Growth	30.38%	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	79.78%	80.62%	81.61%	79.05%	78.18%	72.08%
Profit Margin	138.17%	150.18%	124.73%	94.00%	75.32%	69.00%
EBIT	382.71	337.38	312.17	267	193.72	167.67
EBIT Margin	79.78%	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