Blue Square Real Estate Income Statement

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

Millions ILS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	445.66	441.22	387.95	361.79	338.69	311.26
Other Revenue	156.01	412.88	183.66	81.01	63.71	24.05
Total Revenue	601.66	854.1	571.61	442.79	402.4	335.31
Revenue Growth (YoY	-27.09%	49.42%	29.09%	10.04%	20.01%	57.01%
Property Expenses	166.99	369.03	166.72	98.19	79.09	24.61
Selling, General & Administrative	69.65	64.6	61.58	55.35	45.41	43.99
Other Operating Expenses	-	-	-	-	-	5.02
Total Operating Expenses	236.64	433.63	228.29	153.54	124.49	73.62
Operating Income	365.03	420.47	343.31	289.26	277.91	261.69
Interest Expense	-290.14	-252.77	-216.99	-296.54	-40.13	-66.9
Interest & Investment Income	488.87	271.16	73.31	21.16	-	24.9
Other Non-Operating Income	-1.75	-1.75	-2.42	-67.5	-3.25	-1.21
EBT Excluding Unusual Items	562	437.1	197.21	-53.62	234.53	218.48
Asset Writedown	495.47	384.99	592.3	385.93	451.23	14.06
Other Unusual Items	-	-	-	-	17.11	-
Pretax Income	1,057	822.1	789.51	332.31	702.88	232.54
Income Tax Expense	196.06	168.31	155.12	35.62	146.2	44.85
Earnings From Continuing Operations	861.41	653.78	634.39	296.69	556.67	187.69
Minority Interest in Earnings	-0.19	-0.92	-0.7	-1.04	-1.04	0.06
Net Income	861.22	652.87	633.7	295.65	555.63	187.75
Net Income to Common	861.22	652.87	633.7	295.65	555.63	187.75
Net Income Growth	16.82%	3.02%	114.34%	-46.79%	195.94%	-46.12%
Basic Shares Outstanding	12	12	12	12	12	12
Diluted Shares Outstanding	12	12	12	12	12	12
Shares Change (YoY)	-	-	-	4.32%	0.94%	0.01%
EPS (Basic)	70.60	53.52	51.95	24.24	47.51	16.21
EPS (Diluted)	70.60	53.52	51.95	24.24	47.51	16.21
EPS Growth	16.82%	3.02%	114.34%	-48.99%	193.19%	-46.12%
Dividend Per Share	28.698	24.627	16.400	8.200	13.460	5.180
Dividend Growth	24.83%	50.16%	100.00%	-39.08%	159.85%	-38.77%
Operating Margin	60.67%	49.23%	60.06%	65.33%	69.06%	78.05%
Profit Margin	143.14%	76.44%	110.86%	66.77%	138.08%	55.99%
EBITDA	375.14	430.21	353.01	299.44	288.15	265.37
EBITDA Margin	62.35%	50.37%	61.76%	67.63%	71.61%	79.14%
D&A For Ebitda	10.12	9.74	9.7	10.18	10.24	3.68
EBIT	365.03	420.47	343.31	289.26	277.91	261.69
EBIT Margin	60.67%	49.23%	60.06%	65.33%	69.06%	78.05%
Effective Tax Rate	18.54%	20.47%	19.65%	10.72%	20.80%	19.29%
Revenue as Reported	1,097	1,239	1,164	828.73	853.63	349.37

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