Black Sea Property 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	Jun '25 Jun 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	10.16	7.08	4.13	0.52	-	-
Total Revenue	10.16	7.08	4.13	0.52	-	-
Revenue Growth (YoY	139.59%	71.14%	699.61%	-	-	-
Depreciation & Amortization	9.67	8.4	3.54	0.42	-	-
Other Operating Expenses	4.09	4.3	4.88	5.09	3.05	8.76
Total Operating Expenses	13.76	12.7	8.41	5.51	3.05	8.76
Operating Income	-3.6	-5.62	-4.28	-4.99	-3.05	-8.76
Interest Expense	-9.09	-12.43	-16.96	-2.94	-3.41	-3.34
Interest & Investment Income	4.16	-	-	-	0.05	0.02
Currency Exchange Gain (Loss)	-0.37	-0.37	-0.34	7.95	-9.43	5.47
Other Non-Operating Income	-5.18	-0.38	-0.47	-0.12	-1.87	-0.16
EBT Excluding Unusual Items	-14.07	-18.8	-22.05	-0.1	-17.71	-6.78
Gain (Loss) on Sale of Investments	-	-	4.76	-	1.99	-
Asset Writedown	-	-	-	-	-35.83	-7.69
Pretax Income	-14.07	-18.8	-17.29	-0.1	-51.55	-14.47
Income Tax Expense	-	-	-	1.32	-3.66	-
Earnings From Continuing Operations	-14.07	-18.8	-17.29	-1.42	-47.89	-14.47
Minority Interest in Earnings	-2.08	2.83	-0.12	1.44	37.82	9.95
Net Income	-16.16	-15.97	-17.41	0.03	-10.07	-4.52
Net Income to Common	-16.16	-15.97	-17.41	0.03	-10.07	-4.52
Basic Shares Outstanding	-	3	1	0	0	0
Diluted Shares Outstanding	-	3	1	0	0	0
Shares Change (YoY)	-	155.44%	152.76%	-	133.67%	81.29%
EPS (Basic)	-	-6.36	-17.71	0.07	-25.90	-27.13
EPS (Diluted)	-	-6.36	-17.71	0.07	-25.90	-27.13
Operating Margin	-35.43%	-79.46%	-103.53%	-965.96%	-	-
Profit Margin	-158.99%	-225.74%	-421.09%	5.42%	-	-
EBITDA	6.07	2.77	-0.74	-4.57	-	-8.75
EBITDA Margin	59.70%	39.19%	-17.92%	-	-	-
D&A For Ebitda	9.67	8.4	3.54	0.42	-	0.01
EBIT	-3.6	-5.62	-4.28	-4.99	-3.05	-8.76
EBIT Margin	-35.43%	-79.46%	-103.53%	-	-	-

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