ARGO Properties 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	28.08	25.03	21.39	16.6	11.33
Property Management Fees	10.64	9.19	8	6.1	3.6
Other Revenue	11.45	3.52	-	-	-
Total Revenue	50.16	37.75	29.38	22.7	14.92
Revenue Growth (YoY	32.89%	28.46%	29.47%	52.07%	53.16%
Property Expenses	24.27	15.63	11.79	9.36	5.64
Selling, General & Administrative	5.58	8.7	6.44	5.65	4.21
Total Operating Expenses	29.86	24.33	18.23	15.01	9.85
Operating Income	20.31	13.42	11.16	7.69	5.08
Interest Expense	-13.55	-10.7	-8.33	-5.56	-2.08
Interest & Investment Income	1.78	0.81	0.69	0.03	-
Other Non-Operating Income	0.11	-	-	-	-
EBT Excluding Unusual Items	8.64	3.53	3.52	2.16	3
Gain (Loss) on Sale of Investments	-1.26	-2.6	2.4	3.22	2.34
Asset Writedown	58.55	41.82	-56.82	27.02	63.74
Pretax Income	65.93	42.74	-50.9	32.4	69.08
Income Tax Expense	-1.4	7.56	-7.41	5.13	10.25
Net Income	67.32	35.18	-43.5	27.28	58.83
Net Income to Common	67.32	35.18	-43.5	27.28	58.83
Net Income Growth	91.35%	-	-	-53.64%	159.61%
Basic Shares Outstanding	21	19	18	18	17
Diluted Shares Outstanding	23	20	18	19	19
Shares Change (YoY)	13.71%	11.24%	-2.69%	-0.49%	39.85%
EPS (Basic)	3.16	1.87	-2.40	1.51	3.46
EPS (Diluted)	2.94	1.75	-2.40	1.47	3.15
EPS Growth	68.00%	-	-	-53.33%	86.39%
Operating Margin	40.48%	35.54%	37.97%	33.87%	34.03%
Profit Margin	134.21%	93.21%	-148.02%	120.18%	394.21%
EBIT	20.31	13.42	11.16	7.69	5.08
EBIT Margin	40.48%	35.54%	37.97%	33.87%	34.03%
Effective Tax Rate	-	17.69%	-	15.82%	14.83%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.