ARGO Properties N.V. (TLV:ARGO)

ARGO Properties 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	26.53	25.03	21.39	16.6	11.33	7.26
Property Management Fees	8.95	9.19	8	6.1	3.6	2.49
Total Revenue	39.75	34.23	29.38	22.7	14.92	9.74
Revenue Growth (YoY	19.15%	16.48%	29.47%	52.07%	53.16%	66.68%
Property Expenses	13.76	13.12	11.79	9.36	5.64	3.65
Selling, General & Administrative	7.33	8.7	6.44	5.65	4.21	1.96
Other Operating Expenses	5.7	2.51	-	-	-	-
Total Operating Expenses	26.79	24.33	18.23	15.01	9.85	5.61
Operating Income	12.96	9.9	11.16	7.69	5.08	4.13
Interest Expense	-11.81	-10.7	-8.33	-5.56	-2.08	-1.25
Interest & Investment Income	0.81	0.81	0.69	0.03	-	-
EBT Excluding Unusual Items	1.97	0.01	3.52	2.16	3	2.88
Gain (Loss) on Sale of Investments	-1.63	-2.6	2.4	3.22	2.34	-1.39
Gain (Loss) on Sale of Assets	3.52	3.52	-	-	-	-
Asset Writedown	55.72	41.82	-56.82	27.02	63.74	25.37
Pretax Income	59.58	42.74	-50.9	32.4	69.08	26.86
Income Tax Expense	10.5	7.56	-7.41	5.13	10.25	4.19
Net Income	49.07	35.18	-43.5	27.28	58.83	22.66
Net Income to Common	49.07	35.18	-43.5	27.28	58.83	22.66
Net Income Growth	-	-	-	-53.64%	159.61%	15.18%
Basic Shares Outstanding	20	19	18	18	17	13
Diluted Shares Outstanding	22	20	18	19	19	13
Shares Change (YoY)	21.79%	11.24%	-2.69%	-0.49%	39.85%	53.82%
EPS (Basic)	2.43	1.87	-2.40	1.51	3.46	1.70
EPS (Diluted)	2.23	1.75	-2.40	1.47	3.15	1.69
EPS Growth	-	-	-	-53.33%	86.39%	-25.22%
Operating Margin	32.61%	28.91%	37.97%	33.87%	34.03%	42.38%
Profit Margin	123.45%	102.80%	-148.02%	120.18%	394.21%	232.57%
EBIT	12.96	9.9	11.16	7.69	5.08	4.13
EBIT Margin	32.61%	28.91%	37.97%	33.87%	34.03%	42.38%
Effective Tax Rate	17.63%	17.69%	-	15.82%	14.83%	15.62%

Updated Nov 24, 2024. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.