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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Rental Revenue	105.36	105.6	96.41	91.29	69.52	63.8
Other Revenue	0.29	-	-	-	-	0
Total Revenue	105.65	105.6	96.41	91.29	69.52	63.8
Revenue Growth (YoY	5.17%	9.53%	5.62%	31.31%	8.96%	3.12%
Depreciation & Amortization	0.29	0.92	0.7	1.04	0.22	0.31
Other Operating Expenses	31.12	31.18	25.95	24.37	23.71	19.08
Total Operating Expenses	31.41	32.1	26.65	25.41	23.93	19.39
Operating Income	74.24	73.5	69.76	65.88	45.6	44.42
Interest Expense	-34.17	-35.2	-40.77	-33.02	-17.64	-15.76
Interest & Investment Income	0.42	0.42	0.69	0.31	0.16	0
Currency Exchange Gain (Loss)	-1.15	-0.53	0.34	0.06	0.98	0.82
Other Non-Operating Income	-0.93	-1.65	-2.54	-7.33	9.85	1.49
EBT Excluding Unusual Items	38.41	36.54	27.48	25.91	38.94	30.97
Gain (Loss) on Sale of Assets	-	-	-	-	-	6.6
Asset Writedown	24.21	25.4	41.32	3.96	17.25	56.31
Pretax Income	62.62	61.94	68.81	29.87	56.19	93.88
Income Tax Expense	16.62	16.12	13.48	0.9	9.21	11.98
Net Income	46	45.82	55.33	28.97	46.98	81.9
Net Income to Common	46	45.82	55.33	28.97	46.98	81.9
Net Income Growth	-17.02%	-17.18%	90.99%	-38.34%	-42.64%	453.38%
Basic Shares Outstanding	9	9	9	7	7	7
Diluted Shares Outstanding	9	9	9	7	7	7
Shares Change (YoY)	0.24%	0.03%	30.09%	-	0.07%	0.08%
EPS (Basic)	5.27	5.27	6.37	4.34	7.04	12.27
EPS (Diluted)	5.26	5.27	6.37	4.34	7.04	12.27
EPS Growth	-17.26%	-17.25%	46.81%	-38.34%	-42.66%	452.80%
Dividend Per Share	-	-	2.000	1.750	-	1.500
Dividend Growth	-	-	14.29%	-	-	-
Operating Margin	70.27%	69.60%	72.36%	72.17%	65.58%	69.62%
Profit Margin	43.54%	43.39%	57.38%	31.73%	67.58%	128.36%
EBITDA	74.52	73.79	70.08	66.56	45.91	45.18
EBITDA Margin	70.53%	69.88%	72.69%	72.92%	66.03%	70.81%
D&A For Ebitda	0.28	0.29	0.32	0.69	0.31	0.76
EBIT	74.24	73.5	69.76	65.88	45.6	44.42
EBIT Margin	70.27%	69.60%	72.36%	72.17%	65.58%	69.62%
Effective Tax Rate	26.55%	26.03%	19.59%	3.01%	16.40%	12.76%
Revenue as Reported	132.99	132.95	138.52	96	87.91	128.73

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.