Baltic Horizon Fund Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	15.14	15.14	17.74	20.48	19.5	21.7
Other Revenue	4.93	4.74	6.01	5.97	4.9	4.99
Total Revenue	20.07	19.88	23.75	26.46	24.4	26.69
Revenue Growth (YoY	-0.65%	-16.30%	-10.22%	8.44%	-8.58%	5.48%
Property Expenses	8.64	8.29	9.13	9.03	7.39	6.75
Selling, General & Administrative	2.16	2.37	2.62	3.13	2.87	2.92
Other Operating Expenses	-0.04	-0.02	-0.04	-0.28	-0.44	-0.2
Total Operating Expenses	10.76	10.65	11.71	11.88	9.82	9.47
Operating Income	9.31	9.23	12.04	14.58	14.58	17.22
Interest Expense	-9.21	-10.05	-9.02	-6.22	-5.7	-5.52
Interest & Investment Income	0.23	0.2	0.1	0	0	0
Currency Exchange Gain (Loss)	-0	-0	-	-	-0	-0
Other Non-Operating Income	-0.71	-0.49	-0.83	-0.1	-0.01	-
EBT Excluding Unusual Items	-0.37	-1.11	2.29	8.26	8.87	11.7
Gain (Loss) on Sale of Assets	-1.6	-0.86	-4.05	-0.42	-0.07	-
Asset Writedown	-3.07	-15.58	-21.88	-2.91	-7.16	-25.25
Pretax Income	-5.03	-17.56	-23.63	4.93	1.64	-13.55
Income Tax Expense	-0.69	-0.77	-0.66	0.98	0.23	-0.01
Net Income	-4.34	-16.78	-22.97	3.94	1.41	-13.54
Net Income to Common	-4.34	-16.78	-22.97	3.94	1.41	-13.54
Net Income Growth	-	-	-	179.12%	-	-
Basic Shares Outstanding	144	126	120	120	120	115
Diluted Shares Outstanding	144	126	120	120	120	115
Shares Change (YoY)	19.37%	5.57%	-	-	4.42%	18.46%
EPS (Basic)	-0.03	-0.13	-0.19	0.03	0.01	-0.12
EPS (Diluted)	-0.03	-0.13	-0.19	0.03	0.01	-0.12
EPS Growth	-	-	-	179.14%	-	-
Dividend Per Share	-	-	-	0.026	0.058	0.067
Dividend Growth	-	-	-	-55.17%	-13.43%	-36.79%
Operating Margin	46.38%	46.44%	50.71%	55.09%	59.76%	64.53%
Profit Margin	-21.63%	-84.41%	-96.72%	14.91%	5.79%	-50.74%
EBITDA	9.32	9.24	12.05	14.58	14.58	-
EBITDA Margin	46.43%	46.47%	50.73%	55.11%	59.76%	-
D&A For Ebitda	0.01	0.01	0.01	0	0	-
EBIT	9.31	9.23	12.04	14.58	14.58	17.22
EBIT Margin	46.38%	46.44%	50.71%	55.09%	59.76%	64.53%
Effective Tax Rate	-	-	-	19.95%	13.95%	-

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