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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	152.72	147.55	136.84	113.41	95.71	69.99
Other Revenue	128.22	150.58	49.82	9.37	23.58	4.83
Total Revenue	280.94	298.13	186.66	122.78	119.3	74.82
Revenue Growth (YoY	33.99%	59.72%	52.03%	2.92%	59.44%	42.13%
Property Expenses	66.71	85.46	76.2	29.04	27.11	19.06
Selling, General & Administrative	40.89	41.99	41.49	38.5	35.27	21.73
Other Operating Expenses	-2.57	-2.57	36.25	4.53	-1.86	-2.85
Total Operating Expenses	105.03	124.87	153.94	72.07	60.52	37.94
Operating Income	175.91	173.26	32.72	50.71	58.78	36.89
Interest Expense	-88.98	-96.91	-113.24	-90.7	-60.22	-45.03
Interest & Investment Income	8.51	8.51	3.18	4.55	4.7	3.62
Other Non-Operating Income	-3.89	-3.52	-6.18	-2.96	-2.97	-0.34
EBT Excluding Unusual Items	91.69	81.32	-83.52	-38.4	0.29	-4.86
Gain (Loss) on Sale of Investments	-0.45	-0.45	0.78	0.72	-2.02	-
Asset Writedown	30.11	24.13	179.88	149.49	95.69	143.66
Pretax Income	121.35	105.01	97.13	111.81	93.96	138.8
Income Tax Expense	27.3	24.06	22.25	24.9	13.95	33.24
Earnings From Continuing Operations	94.05	80.95	74.89	86.91	80.01	105.56
Minority Interest in Earnings	1.72	1.49	-10.89	0.06	0.26	-
Net Income	95.77	82.44	64	86.97	80.27	105.56
Net Income to Common	95.77	82.44	64	86.97	80.27	105.56
Net Income Growth	31.40%	28.81%	-26.41%	8.35%	-23.96%	186.57%
Basic Shares Outstanding	165	174	145	145	145	144
Diluted Shares Outstanding	168	176	159	145	145	147
Shares Change (YoY)	-2.08%	10.47%	9.51%	-	-1.26%	10.15%
EPS (Basic)	0.58	0.47	0.44	0.60	0.55	0.73
EPS (Diluted)	0.57	0.47	0.40	0.60	0.55	0.72
EPS Growth	34.49%	16.91%	-32.80%	8.77%	-23.61%	159.07%
Dividend Per Share	0.171	0.171	-	-	-	-
Operating Margin	62.61%	58.11%	17.53%	41.30%	49.27%	49.30%
Profit Margin	34.09%	27.65%	34.29%	70.84%	67.29%	141.08%
EBITDA	179.22	176.79	34.51	52.36	59.61	38.07
EBITDA Margin	63.79%	59.30%	18.49%	42.65%	49.97%	50.89%
D&A For Ebitda	3.31	3.54	1.79	1.65	0.84	1.19
EBIT	175.91	173.26	32.72	50.71	58.78	36.89
EBIT Margin	62.61%	58.11%	17.53%	41.30%	49.27%	49.30%
Effective Tax Rate	22.50%	22.91%	22.91%	22.27%	14.84%	23.95%
Revenue as Reported	161.96	179.15	182.46	113.41	95.71	-