Asset Plus Income Statement

Financials in millions NZD. Fiscal year is April - March.

Millions NZD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Rental Revenue	6.78	6.82	5.33	6.38	11.93	13.9
Total Revenue	6.78	6.82	5.33	6.38	11.93	13.9
Revenue Growth (YoY	13.78%	27.88%	-16.43%	-46.55%	-14.16%	-7.05%
Property Expenses	2.36	2.77	2.67	4.04	4.2	4.74
Selling, General & Administrative	0.86	0.83	0.76	0.81	1.71	0.95
Total Operating Expenses	3.22	3.6	3.43	4.85	5.91	5.68
Operating Income	3.56	3.21	1.9	1.53	6.02	8.22
Interest Expense	-0.17	-1.72	-2.31	-2.24	-1.56	-0.74
Interest & Investment Income	0.33	0.36	0.52	0.24	0.01	-
Other Non-Operating Income	-0.39	-0.39	-0.51	-	0	-0.41
EBT Excluding Unusual Items	3.33	1.46	-0.4	-0.47	4.47	7.06
Gain (Loss) on Sale of Assets	-	-	-	-0.35	0.21	-0.32
Asset Writedown	-9.74	-7.15	-4.9	-12.69	-1.22	9.19
Pretax Income	-6.41	-5.7	-5.3	-13.51	3.46	15.93
Income Tax Expense	-	-	-	-0.46	0.53	-0.02
Net Income	-6.41	-5.7	-5.3	-13.05	2.93	15.95
Net Income to Common	-6.41	-5.7	-5.3	-13.05	2.93	15.95
Net Income Growth	-	-	-	-	-81.62%	-
Basic Shares Outstanding	363	363	363	363	363	266
Diluted Shares Outstanding	363	363	363	363	363	266
Shares Change (YoY)	-	-	-	-	36.52%	64.08%
EPS (Basic)	-0.02	-0.02	-0.01	-0.04	0.01	0.06
EPS (Diluted)	-0.02	-0.02	-0.01	-0.04	0.01	0.06
EPS Growth	-	-	-	-	-86.54%	-
Dividend Per Share	0.006	0.002	-	-	0.011	0.018
Dividend Growth	-	-	-	-	-37.50%	-33.33%
Operating Margin	52.46%	47.16%	35.65%	23.95%	50.44%	59.11%
Profit Margin	-94.64%	-83.58%	-99.40%	-204.63%	24.56%	114.74%
EBITDA	3.61	3.27	1.95	1.61	-	8.28
EBITDA Margin	53.34%	47.98%	36.57%	25.22%	-	59.57%
D&A For Ebitda	0.06	0.06	0.05	0.08	-	0.06
EBIT	3.56	3.21	1.9	1.53	6.02	8.22
EBIT Margin	52.46%	47.16%	35.65%	23.95%	50.44%	59.11%
Funds From Operations (FFO)	2.49	0.53	-0.67	-0.2	4.41	6.22
Adjusted Funds From Operations (AFFO)	-	0.53	-0.67	-0.28	4.22	5.82
FFO Payout Ratio	786.67%	3422.26%	-	-	130.14%	64.63%
Effective Tax Rate	-	-	-	-	15.39%	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.