Baltic Sea Properties AS Income Statement

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

Millions NOK. 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	105.6	96.41	91.29	69.52	63.8
Other Revenue	-	-	-	-	0
Total Revenue	105.6	96.41	91.29	69.52	63.8
Revenue Growth (YoY	9.53%	5.62%	31.31%	8.96%	3.12%
Depreciation & Amortization	0.92	0.7	1.04	0.22	0.31
Other Operating Expenses	31.18	25.95	24.37	23.71	19.08
Total Operating Expenses	32.1	26.65	25.41	23.93	19.39
Operating Income	73.5	69.76	65.88	45.6	44.42
Interest Expense	-36.68	-40.77	-33.02	-17.64	-15.76
Interest & Investment Income	0.42	0.69	0.31	0.16	0
Currency Exchange Gain (Loss)	-0.53	0.34	0.06	0.98	0.82
Other Non-Operating Income	-0.17	-2.54	-7.33	9.85	1.49
EBT Excluding Unusual Items	36.54	27.48	25.91	38.94	30.97
Gain (Loss) on Sale of Assets	-	-	-	-	6.6
Asset Writedown	25.4	41.32	3.96	17.25	56.31
Pretax Income	61.94	68.81	29.87	56.19	93.88
Income Tax Expense	16.12	13.48	0.9	9.21	11.98
Net Income	45.82	55.33	28.97	46.98	81.9
Net Income to Common	45.82	55.33	28.97	46.98	81.9
Net Income Growth	-17.18%	90.99%	-38.34%	-42.64%	453.38%
Basic Shares Outstanding	9	9	7	7	7
Diluted Shares Outstanding	9	9	7	7	7
Shares Change (YoY)	-0.49%	30.09%	-	0.07%	0.08%
EPS (Basic)	5.30	6.37	4.34	7.04	12.27
EPS (Diluted)	5.30	6.37	4.34	7.04	12.27
EPS Growth	-16.78%	46.81%	-38.34%	-42.66%	452.80%
Dividend Per Share	-	2.000	1.750	-	1.500
Dividend Growth	-	14.29%	-	-	-
Operating Margin	69.60%	72.36%	72.17%	65.58%	69.62%
Profit Margin	43.39%	57.38%	31.73%	67.58%	128.36%
EBITDA	74.43	70.08	66.19	45.91	45.18
EBITDA Margin	70.48%	72.69%	72.51%	66.03%	70.81%
D&A For Ebitda	0.92	0.32	0.31	0.31	0.76
EBIT	73.5	69.76	65.88	45.6	44.42
EBIT Margin	69.60%	72.36%	72.17%	65.58%	69.62%
Effective Tax Rate	26.03%	19.59%	3.01%	16.40%	12.76%
Revenue as Reported	107.54	138.52	96	87.91	128.73

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