Aspen Group Ltd. (TLV:ASGR)

Aspen Group Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	215.34	213.71	214.67	190.92	179.1	182.32
Other Revenue	-	-	-	59	17.12	0.03
Total Revenue	215.34	213.71	214.67	249.92	196.21	182.35
Revenue Growth (YoY	1.92%	-0.45%	-14.10%	27.37%	7.60%	-14.41%
Property Expenses	60.71	54.64	53.93	93.78	52.94	38.5
Selling, General & Administrative	32.41	24.19	35.48	35.69	27.95	21.02
Other Operating Expenses	-3.64	4.72	2.02	3.11	18.69	0.16
Total Operating Expenses	89.48	83.54	91.42	132.57	99.58	59.68
Operating Income	125.86	130.17	123.25	117.34	96.63	122.67
Interest Expense	-121.62	-96.99	-91.96	-102.98	-87.99	-65.11
Interest & Investment Income	-2.63	4.61	3.78	0.5	0.27	2.23
Income (Loss) on Equity Investments	-6.13	-7.44	-0.21	-0.22	12.96	0.92
Currency Exchange Gain (Loss)	-1	-1	4.36	-1.95	3.24	-1
Other Non-Operating Income	14.18	-1.3	-1.39	-1.63	-0.83	-0.62
EBT Excluding Unusual Items	8.67	28.06	37.83	11.06	24.28	59.08
Gain (Loss) on Sale of Investments	5.74	5.74	3.2	-18.62	7.57	3.53
Asset Writedown	53.17	-103.69	-113	82.02	205.58	-45.75
Other Unusual Items	1.76	-	-	-	-20.73	-
Pretax Income	69.34	-69.89	-71.97	74.46	216.71	16.86
Income Tax Expense	30.77	-4.76	-2.59	34.12	42.22	-18.44
Earnings From Continuing Operations	38.57	-65.13	-69.38	40.34	174.49	35.3
Earnings From Discontinued Operations	-47.14	-84.2	-61.42	89.47	-	16.74
Net Income to Company	-8.57	-149.32	-130.8	129.81	174.49	52.04
Minority Interest in Earnings	-29.09	45.99	58.01	-94.48	-82.53	-17.84
Net Income	-37.66	-103.34	-72.8	35.33	91.96	34.2
Net Income to Common	-37.66	-103.34	-72.8	35.33	91.96	34.2
Net Income Growth	-	-	-	-61.58%	168.85%	-75.48%
Basic Shares Outstanding	79	63	62	64	63	60
Diluted Shares Outstanding	79	63	62	64	64	60
Shares Change (YoY)	26.06%	1.55%	-3.55%	1.24%	5.93%	-1.74%
EPS (Basic)	-0.48	-1.64	-1.17	0.56	1.46	0.57
EPS (Diluted)	-0.48	-1.64	-1.17	0.56	1.45	0.57
EPS Growth	-	-	-	-61.64%	154.39%	-75.11%
Dividend Per Share	0.396	0.396	0.396	0.395	0.285	0.264
Dividend Growth	332.40%	-	0.22%	38.49%	8.23%	-1.18%
Operating Margin	58.45%	60.91%	57.41%	46.95%	49.25%	67.27%
Profit Margin	-17.49%	-48.35%	-33.91%	14.14%	46.87%	18.76%
EBITDA	126.4	134.43	128.81	123.01	101.28	135.65
EBITDA Margin	58.70%	62.90%	60.00%	49.22%	51.62%	74.39%
D&A For Ebitda	0.54	4.26	5.56	5.67	4.65	12.98
EBIT	125.86	130.17	123.25	117.34	96.63	122.67
EBIT Margin	58.45%	60.91%	57.41%	46.95%	49.25%	67.27%
Effective Tax Rate	44.38%	-	-	45.83%	19.48%	-
Revenue as Reported	213.71	213.71	214.67	249.92	196.21	182.35

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