Aspen Group Income Statement

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

Millions ILS. 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	211.32	213.71	214.67	190.92	179.1
Other Revenue	-	-	-	59	17.12
Total Revenue	211.32	213.71	214.67	249.92	196.21
Revenue Growth (YoY	-1.12%	-0.45%	-14.10%	27.37%	7.60%
Property Expenses	59.25	54.64	53.93	93.78	52.94
Selling, General & Administrative	37.66	24.19	35.48	35.69	27.95
Other Operating Expenses	-3.57	4.72	2.02	3.11	18.69
Total Operating Expenses	93.34	83.54	91.42	132.57	99.58
Operating Income	117.99	130.17	123.25	117.34	96.63
Interest Expense	-98.64	-96.99	-91.96	-102.98	-87.99
Interest & Investment Income	-	4.61	3.78	0.5	0.27
Income (Loss) on Equity Investments	-7.47	-7.44	-0.21	-0.22	12.96
Currency Exchange Gain (Loss)	-	-1	4.36	-1.95	3.24
Other Non-Operating Income	28.5	-1.3	-1.39	-1.63	-0.83
EBT Excluding Unusual Items	40.38	28.06	37.83	11.06	24.28
Gain (Loss) on Sale of Investments	-	5.74	3.2	-18.62	7.57
Asset Writedown	103.91	-103.69	-113	82.02	205.58
Other Unusual Items	-	-	-	-	-20.73
Pretax Income	144.29	-69.89	-71.97	74.46	216.71
Income Tax Expense	39.7	-4.76	-2.59	34.12	42.22
Earnings From Continuing Operations	104.59	-65.13	-69.38	40.34	174.49
Earnings From Discontinued Operations	-	-84.2	-61.42	89.47	-
Net Income to Company	104.59	-149.32	-130.8	129.81	174.49
Minority Interest in Earnings	-51.37	45.99	58.01	-94.48	-82.53
Net Income	53.22	-103.34	-72.8	35.33	91.96
Net Income to Common	53.22	-103.34	-72.8	35.33	91.96
Net Income Growth	-	-	-	-61.58%	168.85%
Basic Shares Outstanding	63	63	62	64	63
Diluted Shares Outstanding	63	63	62	64	64
Shares Change (YoY)	0.22%	1.55%	-3.55%	1.24%	5.93%
EPS (Basic)	0.84	-1.64	-1.17	0.56	1.46
EPS (Diluted)	0.84	-1.64	-1.17	0.56	1.45
EPS Growth	-	-	-	-61.64%	154.39%
Dividend Per Share	-	0.396	0.396	0.395	0.285
Dividend Growth	-	-	0.22%	38.49%	8.23%
Operating Margin	55.83%	60.91%	57.41%	46.95%	49.25%
Profit Margin	25.19%	-48.35%	-33.91%	14.14%	46.87%
EBITDA	119.43	134.43	128.81	123.01	101.28
EBITDA Margin	56.52%	62.90%	60.00%	49.22%	51.62%
D&A For Ebitda	1.44	4.26	5.56	5.67	4.65
EBIT	117.99	130.17	123.25	117.34	96.63
EBIT Margin	55.83%	60.91%	57.41%	46.95%	49.25%
Effective Tax Rate	27.51%	-	-	45.83%	19.48%
Revenue as Reported	211.32	213.71	214.67	249.92	196.21

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