SGX:SET Income Statement

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

Millions EUR. 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	214.62	212.92	216.49	222.11	200.12
Total Revenue	214.62	212.92	216.49	222.11	200.12
Revenue Growth (YoY	0.80%	-1.65%	-2.53%	10.98%	7.03%
Property Expenses	85.74	87.21	88.1	91.39	75.65
Selling, General & Administrative	6.41	6.25	6.03	6.31	5.31
Total Operating Expenses	92.14	93.45	94.14	97.7	80.96
Operating Income	122.47	119.47	122.35	124.41	119.16
Interest Expense	-50.32	-41.26	-39.51	-24.67	-21.74
Interest & Investment Income	2.76	5.26	7.13	0.28	0
Currency Exchange Gain (Loss)	-2.54	1.93	0.79	-1.93	-0.33
Other Non-Operating Income	-11.18	-2.62	-5.7	16.33	0.83
EBT Excluding Unusual Items	61.2	82.79	85.06	114.42	97.93
Gain (Loss) on Sale of Investments	20.54	-	-	-	-
Gain (Loss) on Sale of Assets	-0.76	0.6	-9.87	0.76	-0.32
Asset Writedown	11.34	-27.68	-133.57	-59.48	27.06
Other Unusual Items	-	-	-	-	0.25
Pretax Income	92.31	55.71	-58.38	55.7	124.91
Income Tax Expense	13.28	20.23	15.52	13.75	28.31
Net Income	79.03	35.48	-73.9	41.95	96.6
Preferred Dividends & Other Adjustments	2.33	2.33	2.33	2.32	0.24
Net Income to Common	76.71	33.15	-76.23	39.63	96.36
Net Income Growth	122.75%	-	-	-56.58%	21.72%
Basic Shares Outstanding	561	562	562	562	551
Diluted Shares Outstanding	561	562	562	562	551
Shares Change (YoY)	-0.26%	-	0.06%	1.96%	7.83%
EPS (Basic)	0.14	0.06	-0.14	0.07	0.17
EPS (Diluted)	0.14	0.06	-0.14	0.07	0.17
EPS Growth	131.98%	-	-	-59.67%	12.60%
Dividend Per Share	0.139	0.141	0.157	0.172	0.170
Dividend Growth	-1.46%	-10.11%	-8.71%	1.36%	-2.64%
Operating Margin	57.07%	56.11%	56.52%	56.01%	59.55%
Profit Margin	35.74%	15.57%	-35.21%	17.84%	48.15%
EBIT	122.47	119.47	122.35	124.41	119.16
EBIT Margin	57.07%	56.11%	56.52%	56.01%	59.55%
Effective Tax Rate	14.38%	36.31%	-	24.69%	22.66%

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