Baltic Sea Properties AS (OSL:BALT)

Baltic Sea Properties AS Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	102.51	96.41	91.29	69.52	63.8	61.87
Other Revenue	-	-	-	-	0	-
Total Revenue	102.51	96.41	91.29	69.52	63.8	61.87
Revenue Growth (YoY	9.19%	5.62%	31.31%	8.96%	3.12%	13.33%
Depreciation & Amortization	0.84	0.7	1.04	0.22	0.31	26.37
Other Operating Expenses	27.76	25.95	24.37	23.71	19.08	15.72
Total Operating Expenses	28.6	26.65	25.41	23.93	19.39	42.09
Operating Income	73.92	69.76	65.88	45.6	44.42	19.78
Interest Expense	-37.88	-40.77	-33.02	-17.64	-15.76	-19.48
Interest & Investment Income	0.71	0.69	0.31	0.16	0	0.1
Currency Exchange Gain (Loss)	0.13	0.34	0.06	0.98	0.82	-1.26
Other Non-Operating Income	-2.57	-2.54	-7.33	9.85	1.49	-1.74
EBT Excluding Unusual Items	34.31	27.48	25.91	38.94	30.97	-2.6
Gain (Loss) on Sale of Assets	-	-	-	-	6.6	29.22
Asset Writedown	33.94	41.32	3.96	17.25	56.31	-5.75
Other Unusual Items	-	-	-	-	-	-0.44
Pretax Income	68.25	68.81	29.87	56.19	93.88	20.43
Income Tax Expense	15.84	13.48	0.9	9.21	11.98	5.63
Net Income	52.41	55.33	28.97	46.98	81.9	14.8
Net Income to Common	52.41	55.33	28.97	46.98	81.9	14.8
Net Income Growth	54.82%	90.99%	-38.34%	-42.64%	453.38%	-
Basic Shares Outstanding	8	9	7	7	7	7
Diluted Shares Outstanding	8	9	7	7	7	7
Shares Change (YoY)	-0.30%	30.09%	-	0.07%	0.08%	-
EPS (Basic)	6.59	6.37	4.34	7.04	12.27	2.22
EPS (Diluted)	6.59	6.37	4.34	7.04	12.27	2.22
EPS Growth	55.28%	46.81%	-38.34%	-42.66%	452.80%	-
Dividend Per Share	-	-	1.750	-	1.500	1.500
Operating Margin	72.10%	72.36%	72.17%	65.58%	69.62%	31.96%
Profit Margin	51.13%	57.38%	31.73%	67.58%	128.36%	23.92%
EBITDA	74.37	70.08	66.19	45.91	45.18	46.15
EBITDA Margin	72.55%	72.69%	72.51%	66.03%	70.81%	74.59%
D&A For Ebitda	0.46	0.32	0.31	0.31	0.76	26.37
EBIT	73.92	69.76	65.88	45.6	44.42	19.78
EBIT Margin	72.10%	72.36%	72.17%	65.58%	69.62%	31.96%
Effective Tax Rate	23.21%	19.59%	3.01%	16.40%	12.76%	27.56%
Revenue as Reported	144.51	138.52	96	87.91	128.73	63.39

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