Kiwi Property Group Income Statement

Financials in millions NZD. Fiscal year is April - March.

Millions NZD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Rental Revenue	267.82	259.5	240.54	256.54	254.12	232.44
Property Management Fees	4.19	4.22	4.13	2.55	1.76	1.55
Total Revenue	272.01	263.72	244.67	259.09	255.88	233.98
Revenue Growth (YoY	6.55%	7.78%	-5.56%	1.26%	9.36%	-3.96%
Property Expenses	68.16	65.36	55.63	52.84	75.34	58.86
Selling, General & Administrative	25.42	25.23	32.74	32.69	25.83	23.09
Total Operating Expenses	93.58	90.59	88.37	85.53	101.17	81.95
Operating Income	178.43	173.13	156.3	173.56	154.71	152.04
Interest Expense	-65.48	-67.67	-52.87	-38.56	-19.9	-29.65
Interest & Investment Income	0.84	0.69	0.71	0.27	0.15	0.27
EBT Excluding Unusual Items	113.8	106.15	104.15	135.27	134.96	122.66
Gain (Loss) on Sale of Assets	-0.03	-0.02	-1.65	-3.49	-3.12	-
Asset Writedown	-50.26	-11.62	-77.8	-352.63	128.82	99.76
Total Legal Settlements	-	-	-	6.04	-	-
Pretax Income	63.51	94.51	24.7	-214.81	260.65	222.41
Income Tax Expense	39.92	37.52	26.81	12.89	36.38	25.88
Net Income	23.59	56.99	-2.12	-227.7	224.27	196.53
Net Income to Common	23.59	56.99	-2.12	-227.7	224.27	196.53
Net Income Growth	-69.62%	-	-	-	14.12%	-
Basic Shares Outstanding	1,619	1,595	1,585	1,571	1,570	1,569
Diluted Shares Outstanding	1,624	1,600	1,590	1,571	1,570	1,569
Shares Change (YoY)	1.71%	0.64%	1.21%	0.06%	0.04%	5.10%
EPS (Basic)	0.01	0.04	-0.00	-0.14	0.14	0.13
EPS (Diluted)	0.01	0.04	-0.00	-0.14	0.14	0.13
EPS Growth	-70.18%	-	-	-	14.07%	-
Dividend Per Share	0.055	0.054	0.057	0.057	0.056	0.051
Dividend Growth	-0.90%	-5.26%	-	1.79%	8.74%	46.10%
Operating Margin	65.60%	65.65%	63.88%	66.99%	60.46%	64.98%
Profit Margin	8.67%	21.61%	-0.87%	-87.89%	87.65%	83.99%
EBIT	178.43	173.13	156.3	173.56	154.71	152.04
EBIT Margin	65.60%	65.65%	63.88%	66.99%	60.46%	64.98%
Funds From Operations (FFO)	104.7	101.5	102.6	121.5	106.8	113
Adjusted Funds From Operations (AFFO)	-	92.8	99.8	116.5	100.4	89.4
FFO Payout Ratio	46.41%	57.93%	71.45%	92.08%	83.73%	30.52%
Effective Tax Rate	62.85%	39.70%	108.58%	-	13.96%	11.64%
Revenue as Reported	272.01	263.72	244.67	259.09	255.88	233.98

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