Baltic Horizon Fund (TAL:NHCBHFFT)

Baltic Horizon Fund Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Rental Revenue	15.1	15.14	17.74	20.48	19.5
Other Revenue	4.95	4.74	6.01	5.97	4.9
Total Revenue	20.05	19.88	23.75	26.46	24.4
Revenue Growth (YoY	0.83%	-16.30%	-10.22%	8.44%	-8.58%
Property Expenses	8.38	8.29	9.13	9.03	7.39
Selling, General & Administrative	1.92	2.37	2.62	3.13	2.87
Other Operating Expenses	-0.13	-0.02	-0.04	-0.28	-0.44
Total Operating Expenses	10.18	10.65	11.71	11.88	9.82
Operating Income	9.87	9.23	12.04	14.58	14.58
Interest Expense	-8.79	-10.05	-9.02	-6.22	-5.7
Interest & Investment Income	0.07	0.2	0.1	0	0
Currency Exchange Gain (Loss)	-	-	-	-	-0
Other Non-Operating Income	-0.41	-0.49	-0.83	-0.1	-0.01
EBT Excluding Unusual Items	0.74	-1.11	2.29	8.26	8.87
Gain (Loss) on Sale of Assets	-1.48	-0.86	-4.05	-0.42	-0.07
Asset Writedown	-20.6	-15.58	-21.88	-2.91	-7.16
Pretax Income	-21.34	-17.56	-23.63	4.93	1.64
Income Tax Expense	-1.26	-0.77	-0.66	0.98	0.23
Net Income	-20.08	-16.78	-22.97	3.94	1.41
Net Income to Common	-20.08	-16.78	-22.97	3.94	1.41
Net Income Growth	-	-	-	179.12%	-
Basic Shares Outstanding	144	126	120	120	120
Diluted Shares Outstanding	144	126	120	120	120
Shares Change (YoY)	13.66%	5.57%	-	-	4.42%
EPS (Basic)	-0.14	-0.13	-0.19	0.03	0.01
EPS (Diluted)	-0.14	-0.13	-0.19	0.03	0.01
EPS Growth	-	-	-	179.14%	-
Dividend Per Share	-	-	-	0.026	0.058
Dividend Growth	-	-	-	-55.17%	-13.43%
Operating Margin	49.22%	46.44%	50.71%	55.09%	59.76%
Profit Margin	-100.17%	-84.41%	-96.72%	14.91%	5.79%
EBITDA	9.87	9.24	12.05	14.58	14.58
EBITDA Margin	49.23%	46.47%	50.73%	55.11%	59.76%
D&A For Ebitda	0	0.01	0.01	0	0
EBIT	9.87	9.23	12.04	14.58	14.58
EBIT Margin	49.22%	46.44%	50.71%	55.09%	59.76%
Effective Tax Rate	-	-	-	19.95%	13.95%

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