TLV:SMT 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	877.49	894.59	924.63	766.94	442.96
Other Revenue	6.65	30.65	20.59	12.52	-
Total Revenue	884.14	925.24	945.22	779.46	442.96
Revenue Growth (YoY	-4.44%	-2.11%	21.27%	75.97%	0.07%
Property Expenses	390.78	398.18	392.93	283.11	84.46
Selling, General & Administrative	83.78	66.5	63.07	54.19	25.72
Other Operating Expenses	8.08	17.31	34.63	51.89	44.4
Total Operating Expenses	482.64	481.99	490.62	389.19	159.14
Operating Income	401.5	443.25	454.6	390.27	283.82
Interest Expense	-163.36	-193.27	-212.43	-147.93	-100.76
Interest & Investment Income	30.11	71.08	23.43	16.35	5.95
Income (Loss) on Equity Investments	44.14	29.37	-	-	-
Currency Exchange Gain (Loss)	-1.88	20.29	10.74	29.96	-31.16
Other Non-Operating Income	-16.18	-2.22	-9.95	-16.31	-8.54
EBT Excluding Unusual Items	294.33	368.51	266.39	272.33	149.3
Gain (Loss) on Sale of Investments	510.28	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	39.52
Asset Writedown	-222.8	-164.78	-554.04	446.49	473
Other Unusual Items	-	1.4	20.45	10.23	-
Pretax Income	581.8	205.14	-267.21	729.05	661.82
Income Tax Expense	-14.83	-12.19	8.56	225.92	140.16
Earnings From Continuing Operations	596.64	217.32	-275.77	503.14	521.66
Net Income to Company	596.64	217.32	-275.77	503.14	521.66
Minority Interest in Earnings	4.8	-17.52	78.61	-167.77	-123.91
Net Income	601.43	199.8	-197.16	335.37	397.76
Net Income to Common	601.43	199.8	-197.16	335.37	397.76
Net Income Growth	201.01%	-	-	-15.68%	6.79%
Basic Shares Outstanding	69	69	69	69	69
Diluted Shares Outstanding	69	69	69	69	69
Shares Change (YoY)	0.02%	0.09%	-0.13%	-0.05%	0.43%
EPS (Basic)	8.68	2.88	-2.85	4.84	5.74
EPS (Diluted)	8.68	2.88	-2.85	4.84	5.73
EPS Growth	201.39%	-	-	-15.55%	6.31%
Dividend Per Share	-	0.474	0.203	0.338	0.169
Dividend Growth	-	133.50%	-39.94%	100.00%	-
Operating Margin	45.41%	47.91%	48.09%	50.07%	64.07%
Profit Margin	68.02%	21.59%	-20.86%	43.03%	89.80%
EBITDA	413.66	450.89	462.56	395.55	289.1
EBITDA Margin	46.79%	48.73%	48.94%	50.75%	65.27%
D&A For Ebitda	12.16	7.63	7.96	5.28	5.28
EBIT	401.5	443.25	454.6	390.27	283.82
EBIT Margin	45.41%	47.91%	48.09%	50.07%	64.07%
Effective Tax Rate	-	-	-	30.99%	21.18%
Revenue as Reported	884.14	925.24	945.22	779.46	442.96

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