Rani Zim Shopping Centers 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	142.3	136.84	113.41	95.71	69.99	44.46
Other Revenue	99.48	49.82	9.37	23.58	4.83	8.19
Total Revenue	241.78	186.66	122.78	119.3	74.82	52.64
Revenue Growth (YoY	33.05%	52.03%	2.92%	59.44%	42.13%	24.82%
Property Expenses	78.86	76.2	29.04	27.11	19.06	10.97
Selling, General & Administrative	40.69	41.49	38.5	35.27	21.73	16.92
Other Operating Expenses	7.65	36.25	4.53	-1.86	-2.85	-
Total Operating Expenses	127.2	153.94	72.07	60.52	37.94	27.89
Operating Income	114.58	32.72	50.71	58.78	36.89	24.75
Interest Expense	-103.79	-113.24	-90.7	-60.22	-45.03	-15.59
Interest & Investment Income	3.53	3.18	4.55	4.7	3.62	1.32
Other Non-Operating Income	-6.18	-6.18	-2.96	-2.97	-0.34	-1.28
EBT Excluding Unusual Items	8.15	-83.52	-38.4	0.29	-4.86	9.2
Gain (Loss) on Sale of Investments	0.78	0.78	0.72	-2.02	-	-
Asset Writedown	36.8	179.88	149.49	95.69	143.66	39.78
Pretax Income	45.72	97.13	111.81	93.96	138.8	48.98
Income Tax Expense	11.02	22.25	24.9	13.95	33.24	12.14
Earnings From Continuing Operations	34.71	74.89	86.91	80.01	105.56	36.84
Minority Interest in Earnings	2.43	-10.89	0.06	0.26	-	-
Net Income	37.14	64	86.97	80.27	105.56	36.84
Net Income to Common	37.14	64	86.97	80.27	105.56	36.84
Net Income Growth	-56.79%	-26.41%	8.35%	-23.96%	186.57%	12.14%
Basic Shares Outstanding	188	145	145	145	144	133
Diluted Shares Outstanding	212	159	145	145	147	134
Shares Change (YoY)	70.51%	9.51%	-	-1.26%	10.15%	16.96%
EPS (Basic)	0.20	0.44	0.60	0.55	0.73	0.28
EPS (Diluted)	0.18	0.40	0.60	0.55	0.72	0.28
EPS Growth	-74.66%	-32.80%	8.77%	-23.61%	159.07%	-3.31%
Operating Margin	47.39%	17.53%	41.30%	49.27%	49.30%	47.02%
Profit Margin	15.36%	34.29%	70.84%	67.29%	141.08%	69.97%
EBITDA	117.77	34.51	52.36	59.61	38.07	25.35
EBITDA Margin	48.71%	18.49%	42.65%	49.97%	50.89%	48.16%
D&A For Ebitda	3.18	1.79	1.65	0.84	1.19	0.6
EBIT	114.58	32.72	50.71	58.78	36.89	24.75
EBIT Margin	47.39%	17.53%	41.30%	49.27%	49.30%	47.02%
Effective Tax Rate	24.09%	22.91%	22.27%	14.84%	23.95%	24.79%
Revenue as Reported	172.61	182.46	113.41	95.71	-	-

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