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

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