Baltic Sea Properties AS Income Statement

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

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	104.95	96.41	91.29	69.52	63.8	61.87
Other Revenue	-	-	-	-	0	-
Total Revenue	104.95	96.41	91.29	69.52	63.8	61.87
Revenue Growth (YoY	9.91%	5.62%	31.31%	8.96%	3.12%	13.33%
Depreciation & Amortization	0.65	0.7	1.04	0.22	0.31	26.37
Other Operating Expenses	29.87	25.95	24.37	23.71	19.08	15.72
Total Operating Expenses	30.52	26.65	25.41	23.93	19.39	42.09
Operating Income	74.43	69.76	65.88	45.6	44.42	19.78
Interest Expense	-35.84	-40.77	-33.02	-17.64	-15.76	-19.48
Interest & Investment Income	0.41	0.69	0.31	0.16	0	0.1
Currency Exchange Gain (Loss)	-0.65	0.34	0.06	0.98	0.82	-1.26
Other Non-Operating Income	-2.4	-2.54	-7.33	9.85	1.49	-1.74
EBT Excluding Unusual Items	35.95	27.48	25.91	38.94	30.97	-2.6
Gain (Loss) on Sale of Assets	-	-	-	-	6.6	29.22
Asset Writedown	33.92	41.32	3.96	17.25	56.31	-5.75
Other Unusual Items	-	-	-	-	-	-0.44
Pretax Income	69.87	68.81	29.87	56.19	93.88	20.43
Income Tax Expense	16.44	13.48	0.9	9.21	11.98	5.63
Net Income	53.43	55.33	28.97	46.98	81.9	14.8
Net Income to Common	53.43	55.33	28.97	46.98	81.9	14.8
Net Income Growth	47.55%	90.99%	-38.34%	-42.64%	453.38%	-
Basic Shares Outstanding	9	9	7	7	7	7
Diluted Shares Outstanding	9	9	7	7	7	7
Shares Change (YoY)	12.24%	30.09%	-	0.07%	0.08%	-
EPS (Basic)	6.03	6.37	4.34	7.04	12.27	2.22
EPS (Diluted)	6.03	6.37	4.34	7.04	12.27	2.22
EPS Growth	31.46%	46.81%	-38.34%	-42.66%	452.80%	-
Dividend Per Share	2.000	2.000	1.750	-	1.500	1.500
Dividend Growth	14.29%	14.29%	-	-	-	-
Operating Margin	70.92%	72.36%	72.17%	65.58%	69.62%	31.96%
Profit Margin	50.90%	57.38%	31.73%	67.58%	128.36%	23.92%
EBITDA	74.7	70.08	66.19	45.91	45.18	46.15
EBITDA Margin	71.18%	72.69%	72.51%	66.03%	70.81%	74.59%
D&A For Ebitda	0.27	0.32	0.31	0.31	0.76	26.37
EBIT	74.43	69.76	65.88	45.6	44.42	19.78
EBIT Margin	70.92%	72.36%	72.17%	65.58%	69.62%	31.96%
Effective Tax Rate	23.53%	19.59%	3.01%	16.40%	12.76%	27.56%
Revenue as Reported	74.08	138.52	96	87.91	128.73	63.39

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