SGX:XZL 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	158.63	168.78	175.5	169.02	130.67
Total Revenue	158.63	168.78	175.5	169.02	130.67
Revenue Growth (YoY	-6.02%	-3.83%	3.84%	29.34%	67.19%
Property Expenses	120.67	125.58	129.91	134.03	106.61
Selling, General & Administrative	2.13	3.25	2.77	2.65	2.16
Depreciation & Amortization	31.53	29.24	28.86	25.29	24.14
Other Operating Expenses	1.47	-	-	-	-
Total Operating Expenses	155.8	158.07	161.54	161.97	132.91
Operating Income	2.83	10.71	13.95	7.05	-2.24
Interest Expense	-20.98	-22.83	-16.13	-12.86	-12.17
Interest & Investment Income	-	0.07	0.34	0.28	-
Other Non-Operating Income	-	-	0.03	0.95	1.98
EBT Excluding Unusual Items	-18.16	-12.05	-1.81	-4.58	-12.42
Gain (Loss) on Sale of Assets	-0.66	-	-1.37	-0.75	-
Asset Writedown	-8.41	-11.93	-11.18	17.32	-5.74
Pretax Income	-27.23	-23.98	-14.36	11.99	-18.16
Income Tax Expense	-0.17	-0.29	-3.22	2.48	-4.34
Net Income	-27.06	-23.69	-11.14	9.51	-13.81
Net Income to Common	-27.06	-23.69	-11.14	9.51	-13.81
Basic Shares Outstanding	581	580	576	568	567
Diluted Shares Outstanding	581	580	576	568	568
Shares Change (YoY)	0.15%	0.63%	1.35%	0.16%	0.05%
EPS (Basic)	-0.05	-0.04	-0.02	0.02	-0.02
EPS (Diluted)	-0.05	-0.04	-0.02	0.02	-0.02
Dividend Per Share	-	0.016	0.034	0.031	0.004
Dividend Growth	-	-53.50%	12.31%	760.28%	-
Operating Margin	1.78%	6.34%	7.95%	4.17%	-1.71%
Profit Margin	-17.06%	-14.04%	-6.35%	5.63%	-10.57%
EBITDA	34.36	39.7	42.52	32.05	21.54
EBITDA Margin	21.66%	23.52%	24.23%	18.96%	16.49%
D&A For Ebitda	31.53	28.99	28.57	25	23.78
EBIT	2.83	10.71	13.95	7.05	-2.24
EBIT Margin	1.78%	6.34%	7.95%	4.17%	-1.71%
Effective Tax Rate	-	-	-	20.67%	-

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