BUL:BREF Income Statement

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

Millions BGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
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	2020 - 2016
Rental Revenue	13.1	10.77	8.01	7.11	7.03	Upgrade
Other Revenue	35.27	0.17	0.65	15.7	0.96	Upgrade
Total Revenue	48.37	10.94	8.65	22.81	7.99	Upgrade
Revenue Growth (YoY	342.28%	26.40%	-62.06%	185.50%	10.01%	Upgrade
Property Expenses	29.02	3.39	3.68	13.72	2.11	Upgrade
Selling, General & Administrative	7.42	1.48	1.28	1.66	1.17	Upgrade
Other Operating Expenses	0.12	0.22	0.2	0.26	0.62	Upgrade
Total Operating Expenses	36.55	5.09	5.16	15.64	3.9	Upgrade
Operating Income	11.82	5.85	3.49	7.17	4.09	Upgrade
Interest Expense	-0.79	-0.95	-0.94	-0.93	-0.75	Upgrade
EBT Excluding Unusual Items	11.03	4.9	2.55	6.25	3.34	Upgrade
Asset Writedown	13.38	15.46	13.94	6.29	0.57	Upgrade
Pretax Income	24.41	20.36	16.49	12.53	3.91	Upgrade
Net Income	24.41	20.36	16.49	12.53	3.91	Upgrade
Net Income to Common	24.41	20.36	16.49	12.53	3.91	Upgrade
Net Income Growth	19.88%	23.46%	31.57%	220.32%	37.59%	Upgrade
Basic Shares Outstanding	35	35	35	35	35	Upgrade
Diluted Shares Outstanding	35	35	35	35	35	Upgrade
EPS (Basic)	0.70	0.59	0.48	0.36	0.11	Upgrade
EPS (Diluted)	0.70	0.59	0.48	0.36	0.11	Upgrade
EPS Growth	19.88%	23.47%	31.56%	220.32%	37.59%	Upgrade
Dividend Per Share	0.230	0.007	-	0.113	0.083	Upgrade
Dividend Growth	2966.67%	-	-	35.99%	-22.92%	Upgrade
Operating Margin	24.44%	53.47%	40.32%	31.45%	51.17%	Upgrade
Profit Margin	50.46%	186.15%	190.58%	54.95%	48.98%	Upgrade
EBITDA	11.83	5.86	3.5	7.18	4.1	Upgrade
EBITDA Margin	24.46%	53.58%	40.39%	31.49%	51.30%	Upgrade
D&A For Ebitda	0.01	0.01	0.01	0.01	0.01	Upgrade
EBIT	11.82	5.85	3.49	7.17	4.09	Upgrade
EBIT Margin	24.44%	53.47%	40.32%	31.45%	51.17%	Upgrade
Revenue as Reported	61.75	26.4	22.59	29.1	8.56	Upgrade

Source: S&P Capital IQ. Real Estate template. Financial Sources.