RL Commercial REIT Income Statement

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

Millions PHP. 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	8,856	6,610	4,544	4,494	1,731
Other Revenue	39.24	-34.81	-27.14	-145.33	-107.8
Total Revenue	8,895	6,575	4,517	4,363	1,623
Revenue Growth (YoY	35.28%	45.56%	3.54%	168.77%	-
Property Expenses	2,072	1,399	721.82	686.38	277.49
Selling, General & Administrative	1,031	710.55	385.78	373.18	127.53
Other Operating Expenses	-2,111	-1,509	-937.88	-941.98	-351.08
Total Operating Expenses	992.82	600.74	169.72	117.58	53.94
Operating Income	7,902	5,974	4,347	4,245	1,569
Interest Expense	-43.18	-34.73	-10.05	-9.72	-3.95
EBT Excluding Unusual Items	7,859	5,940	4,337	4,235	1,565
Asset Writedown	21,250	11,072	7,135	-9,802	113.63
Pretax Income	29,109	17,011	11,473	-5,566	1,679
Income Tax Expense	25.96	21.43	9.61	2.81	-
Net Income	29,083	16,990	11,463	-5,569	1,679
Net Income to Common	29,083	16,990	11,463	-5,569	1,679
Net Income Growth	71.18%	48.22%	-	-	-
Basic Shares Outstanding	16,947	12,134	10,727	10,245	4,154
Diluted Shares Outstanding	16,947	12,134	10,727	10,245	4,154
Shares Change (YoY)	39.66%	13.12%	4.70%	146.65%	66359.62%
EPS (Basic)	1.72	1.40	1.07	-0.54	0.40
EPS (Diluted)	1.72	1.40	1.07	-0.54	0.40
EPS Growth	22.57%	31.02%	-	-	-
Dividend Per Share	0.427	0.400	0.391	0.389	0.154
Dividend Growth	6.67%	2.22%	0.69%	152.40%	-
Operating Margin	88.84%	90.86%	96.24%	97.30%	96.68%
Profit Margin	326.95%	258.39%	253.77%	-127.66%	103.43%
EBIT	7,902	5,974	4,347	4,245	1,569
EBIT Margin	88.84%	90.86%	96.24%	97.30%	96.68%
Effective Tax Rate	0.09%	0.13%	0.08%	-	-
Revenue as Reported	32,256	19,156	12,590	-4,497	2,088

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