Horizon Group Properties Income Statement

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

Millions USD. 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	0.43	0.47	0.52	0.45	0.39
Tenant Reimbursements	0.13	0.12	0.13	0.1	0.11
Property Management Fees	3.72	4.72	3.33	2.52	1.89
Other Revenue	8.11	8.22	10.58	4.95	-8.67
Total Revenue	14.23	15.21	14.74	8.01	-6.27
Revenue Growth (YoY	-6.48%	3.21%	83.90%	-	-
Property Expenses	0.57	0.71	0.61	0.6	0.43
Selling, General & Administrative	6.18	6.02	6.49	3.57	4.73
Depreciation & Amortization	0.26	0.23	0.19	0.2	0.21
Other Operating Expenses	0	0.01	0	0.01	-1.86
Total Operating Expenses	7.02	6.97	7.29	4.38	3.51
Operating Income	7.21	8.24	7.45	3.64	-9.78
Interest Expense	-1.2	-1.61	-0.13	-0.26	-0.4
Other Non-Operating Income	0.35	0.59	-	-	-
EBT Excluding Unusual Items	6.36	7.22	7.32	3.38	-10.18
Gain (Loss) on Sale of Assets	4.65	0.84	-	4.57	1.84
Asset Writedown	-	-	-	-	-0.67
Other Unusual Items	-	-	-	-	2.7
Pretax Income	11.01	8.06	7.32	7.95	-6.31
Earnings From Continuing Operations	11.01	8.06	7.32	7.95	-6.31
Earnings From Discontinued Operations	-	-	-	-	11.84
Net Income to Company	11.01	8.06	7.32	7.95	5.53
Minority Interest in Earnings	-1.1	-0.98	-0.66	-1.13	-3.02
Net Income	9.91	7.08	6.66	6.82	2.51
Net Income to Common	9.91	7.08	6.66	6.82	2.51
Net Income Growth	40.00%	6.25%	-2.35%	172.11%	-
Basic Shares Outstanding	10	10	10	10	10
Diluted Shares Outstanding	10	10	10	10	10
Shares Change (YoY)	0.00%	-	-	-0.00%	-
EPS (Basic)	1.01	0.72	0.68	0.70	0.26
EPS (Diluted)	1.01	0.72	0.68	0.70	0.26
EPS Growth	40.00%	6.25%	-2.35%	172.11%	-
Operating Margin	50.68%	54.15%	50.54%	45.37%	-
Profit Margin	69.63%	46.51%	45.18%	85.09%	-
EBITDA	7.42	8.43	7.61	3.82	-9.58
EBITDA Margin	52.15%	55.44%	51.64%	47.64%	-
D&A For Ebitda	0.21	0.2	0.16	0.18	0.2
EBIT	7.21	8.24	7.45	3.64	-9.78
EBIT Margin	50.68%	54.15%	50.54%	45.37%	-
Revenue as Reported	6.11	6.99	4.29	3.08	2.96

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