Land Securities Group Income Statement

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

Millions GBP. 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	890	842	824	791	679	635
Total Revenue	890	842	824	791	679	635
Revenue Growth (YoY	11.95%	2.18%	4.17%	16.50%	6.93%	-14.31%
Property Expenses	355	326	335	291	307	219
Selling, General & Administrative	69	71	73	80	-	-
Depreciation & Amortization	3	4	6	8	-	-
Other Operating Expenses	28	16	1	-	-	-
Total Operating Expenses	452	408	409	377	294	329
Operating Income	438	434	415	414	385	306
Interest Expense	-130	-114	-104	-64	-69	-76
Interest & Investment Income	15	15	12	11	9	15
Income (Loss) on Equity Investments	43	37	2	-1	33	-192
Other Non-Operating Income	-18	-34	-22	-	-	1
EBT Excluding Unusual Items	348	338	303	360	358	54
Merger & Restructuring Charges	-	-	-	-	-8	-
Impairment of Goodwill	-22	-22	-1	-5	-6	-
Gain (Loss) on Sale of Investments	-	-	3	-	2	-
Gain (Loss) on Sale of Assets	-65	-15	-16	-144	107	8
Asset Writedown	-8	91	-628	-827	416	-1,452
Other Unusual Items	3	1	-2	-6	6	-3
Pretax Income	248	393	-341	-622	875	-1,393
Income Tax Expense	-3	-3	-	-	-	-
Earnings From Continuing Operations	251	396	-341	-622	875	-1,393
Minority Interest in Earnings	-2	-	22	3	-6	-
Net Income	249	396	-319	-619	869	-1,393
Net Income to Common	249	396	-319	-619	869	-1,393
Net Income Growth	134.91%	-	-	-	-	-
Basic Shares Outstanding	743	743	741	740	740	740
Diluted Shares Outstanding	747	747	741	740	742	740
Shares Change (YoY)	0.54%	0.81%	0.14%	-0.27%	0.27%	-
EPS (Basic)	0.34	0.53	-0.43	-0.84	1.17	-1.88
EPS (Diluted)	0.33	0.53	-0.43	-0.84	1.17	-1.88
EPS Growth	133.13%	-	-	-	-	-
Dividend Per Share	0.408	0.404	0.396	0.386	0.370	0.270
Dividend Growth	2.00%	2.02%	2.59%	4.32%	37.04%	16.38%
Operating Margin	49.21%	51.54%	50.36%	52.34%	56.70%	48.19%
Profit Margin	27.98%	47.03%	-38.71%	-78.25%	127.98%	-219.37%
EBITDA	441	437	417	417	388	308
EBITDA Margin	49.55%	51.90%	50.61%	52.72%	57.14%	48.50%
D&A For Ebitda	3	3	2	3	3	2
EBIT	438	434	415	414	385	306
EBIT Margin	49.21%	51.54%	50.36%	52.34%	56.70%	48.19%

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