Almadev Real Estate Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Rental Revenue	126.14	128.55	113.22	103.84
Other Revenue	-0.74	46.74	258.41	0.86
Total Revenue	125.4	175.29	371.63	104.7
Revenue Growth (YoY	-	-52.83%	254.93%	-
Property Expenses	64.01	104.97	260.52	49.32
Selling, General & Administrative	20.06	23.16	32.03	17.58
Other Operating Expenses	11.89	11.61	11.73	0.01
Total Operating Expenses	95.96	139.74	304.28	66.91
Operating Income	29.44	35.55	67.35	37.8
Interest Expense	-128.8	-124.28	-92.88	-89.42
Interest & Investment Income	19.61	20.05	15.37	14.11
Currency Exchange Gain (Loss)	-40.3	-33.44	-4.23	0.01
Other Non-Operating Income	32.28	32.28	-	-
EBT Excluding Unusual Items	-87.77	-69.84	-14.39	-37.51
Asset Writedown	55.35	56.39	104.17	57.35
Pretax Income	-32.42	-13.45	89.78	19.84
Income Tax Expense	-15.93	-11.22	16.62	0.26
Earnings From Continuing Operations	-16.49	-2.24	73.16	19.57
Minority Interest in Earnings	-6.58	-8.86	-31.8	-19.75
Net Income	-23.07	-11.1	41.35	-0.17
Net Income to Common	-23.07	-11.1	41.35	-0.17
Operating Margin	23.48%	20.28%	18.12%	36.10%
Profit Margin	-18.40%	-6.33%	11.13%	-0.16%
EBITDA	30.14	36.3	68.26	39.09
EBITDA Margin	24.04%	20.71%	18.37%	37.34%
D&A For Ebitda	0.7	0.75	0.91	1.3
EBIT	29.44	35.55	67.35	37.8
EBIT Margin	23.48%	20.28%	18.12%	36.10%
Effective Tax Rate	-	-	18.51%	1.33%
Revenue as Reported	126.51	176.33	370.47	105.03