Globe Trade Centre Income Statement

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

Millions EUR. 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	154.1	140.3	137.2	123.6	130.29
Other Revenue	48	47.2	46.2	43	41.66
Total Revenue	202.1	187.5	183.4	166.6	171.95
Revenue Growth (YoY	7.79%	2.24%	10.08%	-3.11%	7.39%
Property Expenses	72.7	57	55.2	47.4	44.36
Selling, General & Administrative	39.6	20	23.1	16.8	15.8
Other Operating Expenses	16.7	5.7	3.5	1.5	-0.37
Total Operating Expenses	129	82.7	81.8	65.7	59.78
Operating Income	73.1	104.8	101.6	100.9	112.17
Interest Expense	-94.3	-41.6	-32.1	-30.8	-38.18
Interest & Investment Income	-	3	1.4	1.4	0.3
Currency Exchange Gain (Loss)	-0.7	-0.6	2.3	-2.2	0.2
Other Non-Operating Income	7.8	-1.5	-2.5	-2.3	-
EBT Excluding Unusual Items	-14.1	64.1	70.7	67	74.49
Gain (Loss) on Sale of Investments	-	8.4	2.7	-	-
Asset Writedown	-145.9	-10.6	-59	-29.4	-12.87
Other Unusual Items	-	-	-	-	-5.1
Pretax Income	-160	61.9	14.4	37.6	56.52
Income Tax Expense	-5.4	8.9	2	12.8	13.78
Earnings From Continuing Operations	-154.6	53	12.4	24.8	42.74
Minority Interest in Earnings	-0.4	-2.1	-1.9	-1.4	-1.09
Net Income	-155	50.9	10.5	23.4	41.65
Net Income to Common	-155	50.9	10.5	23.4	41.65
Net Income Growth	-	384.76%	-55.13%	-43.82%	-
Basic Shares Outstanding	574	574	574	574	488
Diluted Shares Outstanding	574	619	574	574	488
Shares Change (YoY)	-7.29%	7.83%	-	17.74%	0.45%
EPS (Basic)	-0.27	0.09	0.02	0.04	0.09
EPS (Diluted)	-0.27	0.08	0.02	0.04	0.09
EPS Growth	-	337.54%	-54.29%	-53.16%	-
Dividend Per Share	-	-	0.051	0.049	-
Dividend Growth	-	-	3.00%	-	-
Operating Margin	36.17%	55.89%	55.40%	60.56%	65.23%
Profit Margin	-76.70%	27.15%	5.73%	14.05%	24.22%
EBITDA	74.6	105.9	102.3	101.3	112.73
EBITDA Margin	36.91%	56.48%	55.78%	60.80%	65.56%
D&A For Ebitda	1.5	1.1	0.7	0.4	0.56
EBIT	73.1	104.8	101.6	100.9	112.17
EBIT Margin	36.17%	55.89%	55.40%	60.56%	65.23%
Funds From Operations (FFO)	-	71	-	-	-
Adjusted Funds From Operations (AFFO)	-	71	-	-	-
FFO Payout Ratio	-	41.69%	-	-	-
Effective Tax Rate	-	14.38%	13.89%	34.04%	24.39%

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