Globe Trade Centre S.A. (WSE:GTC)

Globe Trade Centre Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	147.9	140.3	137.2	123.6	130.29	120.65
Other Revenue	48.1	47.2	46.2	43	41.66	39.47
Total Revenue	196	187.5	183.4	166.6	171.95	160.12
Revenue Growth (YoY	5.15%	2.24%	10.08%	-3.11%	7.39%	-5.68%
Property Expenses	64.4	57	55.2	47.4	44.36	41.53
Selling, General & Administrative	24	20	23.1	16.8	15.8	13.02
Depreciation & Amortization	-	-	-	-	-	0.48
Other Operating Expenses	3.9	5.7	3.5	1.5	-0.37	1.62
Total Operating Expenses	92.3	82.7	81.8	65.7	59.78	56.65
Operating Income	103.7	104.8	101.6	100.9	112.17	103.48
Interest Expense	-52.4	-41.6	-32.1	-30.8	-38.18	-35.24
Interest & Investment Income	3.1	3	1.4	1.4	0.3	0.33
Currency Exchange Gain (Loss)	0.3	-0.6	2.3	-2.2	0.2	-2.95
Other Non-Operating Income	-8.6	-1.5	-2.5	-2.3	-	0.78
EBT Excluding Unusual Items	46.1	64.1	70.7	67	74.49	66.39
Gain (Loss) on Sale of Investments	4.2	8.4	2.7	-	-	-
Asset Writedown	-20.7	-10.6	-59	-29.4	-12.87	-142.24
Other Unusual Items	-	-	-	-	-5.1	-
Pretax Income	29.6	61.9	14.4	37.6	56.52	-75.86
Income Tax Expense	7.6	8.9	2	12.8	13.78	-5
Earnings From Continuing Operations	22	53	12.4	24.8	42.74	-70.86
Minority Interest in Earnings	-2.5	-2.1	-1.9	-1.4	-1.09	0.67
Net Income	19.5	50.9	10.5	23.4	41.65	-70.19
Net Income to Common	19.5	50.9	10.5	23.4	41.65	-70.19
Net Income Growth	-63.21%	384.76%	-55.13%	-43.82%	-	-
Basic Shares Outstanding	574	574	574	574	488	486
Diluted Shares Outstanding	642	619	574	574	488	486
Shares Change (YoY)	11.75%	7.83%	-	17.74%	0.45%	0.18%
EPS (Basic)	0.03	0.09	0.02	0.04	0.09	-0.14
EPS (Diluted)	0.03	0.08	0.02	0.04	0.09	-0.14
EPS Growth	-65.50%	337.54%	-54.29%	-53.16%	-	-
Dividend Per Share	-	-	0.051	0.049	-	-
Dividend Growth	-	-	3.00%	-	-	-
Operating Margin	52.91%	55.89%	55.40%	60.56%	65.23%	64.62%
Profit Margin	9.95%	27.15%	5.73%	14.05%	24.22%	-43.84%
EBITDA	104.8	105.9	102.3	101.3	112.73	104.07
EBITDA Margin	53.47%	56.48%	55.78%	60.80%	65.56%	64.99%
D&A For Ebitda	1.1	1.1	0.7	0.4	0.56	0.59
EBIT	103.7	104.8	101.6	100.9	112.17	103.48
EBIT Margin	52.91%	55.89%	55.40%	60.56%	65.23%	64.62%
Funds From Operations (FFO)	71	71	-	-	-	-
Adjusted Funds From Operations (AFFO)	-	71	-	-	-	-
FFO Payout Ratio	41.69%	41.69%	-	-	-	-
Effective Tax Rate	25.68%	14.38%	13.89%	34.04%	24.39%	-

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