Mivne Real Estate (K.D) 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	1,069	1,071	1,049	969.03	898.93
Other Revenue	403.58	364.21	179.48	80.5	222.21
Total Revenue	1,472	1,435	1,229	1,050	1,121
Revenue Growth (YoY	2.58%	16.81%	17.07%	-6.39%	6.21%
Property Expenses	523.69	492.57	329.94	271.41	370.69
Selling, General & Administrative	136.86	119.49	100.76	90.64	88.97
Other Operating Expenses	12.63	4.25	0.82	1.57	-36.7
Total Operating Expenses	673.17	616.31	431.52	363.62	422.96
Operating Income	799.04	818.88	797.1	685.9	698.18
Interest Expense	-412.6	-196.05	-177.38	-131.21	-138.07
Interest & Investment Income	-	56.36	43.63	5.71	6.74
Income (Loss) on Equity Investments	-34.73	-	-	-	-
Currency Exchange Gain (Loss)	-23.76	-37.18	26.31	38.65	-38.29
Other Non-Operating Income	50.3	-270.43	-200.97	-279.39	-97.04
EBT Excluding Unusual Items	378.25	371.58	488.68	319.65	431.52
Impairment of Goodwill	-	-7.35	-	-	-7.5
Gain (Loss) on Sale of Investments	-	-3.76	-3.81	-17.86	-
Gain (Loss) on Sale of Assets	-	-13.12	-	-	-
Asset Writedown	483.3	364.78	-61.92	1,347	756.38
Other Unusual Items	-	-	-3.55	-3.61	-13.9
Pretax Income	861.56	712.12	419.4	1,645	1,166
Income Tax Expense	168.78	156.71	82.36	359.57	211.45
Earnings From Continuing Operations	692.78	555.41	337.04	1,285	955.05
Minority Interest in Earnings	0.45	-6.1	-4.48	-8.65	-13.27
Net Income	693.22	549.31	332.56	1,277	941.78
Net Income to Common	693.22	549.31	332.56	1,277	941.78
Net Income Growth	26.20%	65.17%	-73.95%	35.55%	63.16%
Basic Shares Outstanding	730	752	756	755	747
Diluted Shares Outstanding	730	752	756	760	753
Shares Change (YoY)	-3.02%	-0.44%	-0.53%	0.92%	2.10%
EPS (Basic)	0.95	0.73	0.44	1.69	1.26
EPS (Diluted)	0.95	0.73	0.44	1.68	1.25
EPS Growth	30.14%	65.91%	-73.81%	34.40%	60.26%
Dividend Per Share	-	0.163	0.344	0.360	0.306
Dividend Growth	-	-52.73%	-4.43%	17.82%	60.47%
Operating Margin	54.27%	57.06%	64.88%	65.35%	62.27%
Profit Margin	47.09%	38.27%	27.07%	121.63%	84.00%
EBITDA	822.73	841.85	809.33	694.58	711.12
EBITDA Margin	55.88%	58.66%	65.87%	66.18%	63.43%
D&A For Ebitda	23.69	22.97	12.24	8.68	12.94
EBIT	799.04	818.88	797.1	685.9	698.18
EBIT Margin	54.27%	57.06%	64.88%	65.35%	62.27%
Effective Tax Rate	19.59%	22.01%	19.64%	21.86%	18.13%
Revenue as Reported	1,472	1,425	1,204	1,039	1,100

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