Echo Investment Income Statement

Financials in millions PLN. Fiscal year is January - December.

Millions PLN. 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
Other Revenue	2,036	1,212	1,671	1,463	1,556
Total Revenue	2,036	1,212	1,671	1,463	1,556
Revenue Growth (YoY	67.90%	-27.43%	14.19%	-5.98%	29.32%
Property Expenses	1,349	718.17	1,086	901.91	1,133
Selling, General & Administrative	276	263.15	217.29	205.69	206.67
Other Operating Expenses	13.3	-11.15	18.73	3.21	9.47
Total Operating Expenses	1,638	970.17	1,322	1,111	1,349
Operating Income	397.37	242.25	348.81	352.17	207.3
Interest Expense	-210.55	-228.32	-190.04	-162.77	-104.63
Interest & Investment Income	35.22	47.94	24.84	26.66	15.05
Currency Exchange Gain (Loss)	6.77	21.07	68.23	-20.88	8.21
Other Non-Operating Income	6.01	-0.76	3.48	36.18	5.71
EBT Excluding Unusual Items	234.82	82.18	255.32	231.36	131.65
Gain (Loss) on Sale of Investments	9.18	10.38	-	-	4.89
Gain (Loss) on Sale of Assets	-15.73	-6.93	8.16	-37.69	-8.25
Asset Writedown	-176.08	-2.01	-85.16	26.1	85.03
Other Unusual Items	3.84	-	-	-0.77	48.58
Pretax Income	56.03	83.62	178.32	219	261.89
Income Tax Expense	67.57	68	60.46	62.46	56.46
Earnings From Continuing Operations	-11.54	15.62	117.86	156.55	205.43
Minority Interest in Earnings	-21.99	-29.8	-50.44	-29.4	-16.51
Net Income	-33.54	-14.18	67.43	127.15	188.92
Net Income to Common	-33.54	-14.18	67.43	127.15	188.92
Net Income Growth	-	-	-46.97%	-32.70%	54.74%
Basic Shares Outstanding	413	413	413	413	413
Diluted Shares Outstanding	413	413	413	413	413
EPS (Basic)	-0.08	-0.03	0.16	0.31	0.46
EPS (Diluted)	-0.08	-0.03	0.16	0.31	0.46
EPS Growth	-	-	-48.07%	-32.70%	54.74%
Dividend Per Share	0.800	-	0.220	0.220	0.440
Dividend Growth	-	-	-	-50.00%	76.00%
Operating Margin	19.52%	19.98%	20.88%	24.07%	13.32%
Profit Margin	-1.65%	-1.17%	4.04%	8.69%	12.14%
EBITDA	405.07	248.15	354.48	358.36	212.05
EBITDA Margin	19.90%	20.47%	21.22%	24.50%	13.63%
D&A For Ebitda	7.7	5.9	5.68	6.19	4.74
EBIT	397.37	242.25	348.81	352.17	207.3
EBIT Margin	19.52%	19.98%	20.88%	24.07%	13.32%
Effective Tax Rate	120.60%	81.32%	33.90%	28.52%	21.56%

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