Blue Square Real Estate 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	451.72	441.22	387.95	361.79	338.69
Other Revenue	143.24	412.88	183.66	81.01	63.71
Total Revenue	594.96	854.1	571.61	442.79	402.4
Revenue Growth (YoY	-30.34%	49.42%	29.09%	10.04%	20.01%
Property Expenses	155.82	369.03	166.72	98.19	79.09
Selling, General & Administrative	70.81	64.6	61.58	55.35	45.41
Total Operating Expenses	226.63	433.63	228.29	153.54	124.49
Operating Income	368.33	420.47	343.31	289.26	277.91
Interest Expense	-257.68	-252.77	-216.99	-296.54	-40.13
Interest & Investment Income	462.38	271.16	73.31	21.16	-
Other Non-Operating Income	-23.61	-1.75	-2.42	-67.5	-3.25
EBT Excluding Unusual Items	549.44	437.1	197.21	-53.62	234.53
Asset Writedown	390.89	384.99	592.3	385.93	451.23
Other Unusual Items	-	-	-	-	17.11
Pretax Income	940.33	822.1	789.51	332.31	702.88
Income Tax Expense	176.47	168.31	155.12	35.62	146.2
Earnings From Continuing Operations	763.85	653.78	634.39	296.69	556.67
Minority Interest in Earnings	-	-0.92	-0.7	-1.04	-1.04
Net Income	763.85	652.87	633.7	295.65	555.63
Net Income to Common	763.85	652.87	633.7	295.65	555.63
Net Income Growth	17.00%	3.02%	114.34%	-46.79%	195.94%
Basic Shares Outstanding	12	12	12	12	12
Diluted Shares Outstanding	12	12	12	12	12
Shares Change (YoY)	-	-	-	4.32%	0.94%
EPS (Basic)	62.62	53.52	51.95	24.24	47.51
EPS (Diluted)	62.62	53.52	51.95	24.24	47.51
EPS Growth	17.00%	3.02%	114.34%	-48.99%	193.19%
Dividend Per Share	27.058	24.600	16.400	8.200	13.460
Dividend Growth	9.99%	50.00%	100.00%	-39.08%	159.85%
Operating Margin	61.91%	49.23%	60.06%	65.33%	69.06%
Profit Margin	128.39%	76.44%	110.86%	66.77%	138.08%
EBITDA	378.17	430.21	354.33	299.44	288.15
EBITDA Margin	63.56%	50.37%	61.99%	67.63%	71.61%
D&A For Ebitda	9.83	9.74	11.02	10.18	10.24
EBIT	368.33	420.47	343.31	289.26	277.91
EBIT Margin	61.91%	49.23%	60.06%	65.33%	69.06%
Effective Tax Rate	18.77%	20.47%	19.65%	10.72%	20.80%
Revenue as Reported	985.85	1,239	1,164	828.73	853.63

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