Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual (SAR)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Mar 31, 2022	2021Mar 31, 2021
Operating Summary
Revenue	2.28B	2.34B	2.24B	2.02B	1.86B
Interest Income	50.30M	19.45M	—	—	2.86M
Interest Expense	-158.84M	-197.93M	-129.91M	-184.70M	-188.47M
Pretax Income	1.32B	1.27B	1.54B	0.79B	0.47B
Income Tax	47.00M	44.00M	40.47M	39.77M	-13.64M
Net Income	1.27B	1.22B	1.51B	0.78B	0.49B
Rental Revenue	2.29B	2.34B	2.25B	2.04B	1.86B
Property Expenses	355.29M	359.24M	386.20M	360.41M	316.85M
Operating Income	1.23B	1.39B	1.28B	1.35B	0.69B
EPS (Basic)	2.67	2.56	3.19	1.63	1.02
EPS (Diluted)	2.67	2.56	3.19	1.63	1.02
DPS	—	1.50	1.62	1.50	1.25
Margins & Efficiency
Net Margin %	+55.5%	+52.1%	+67.5%	+38.3%	+26.2%
Revenue & Income
Revenue Growth (YoY)	-2.3%	+4.2%	+2.5%	+8.9%	-16.0%
Revenue RE	2.28B	2.34B	2.24B	2.02B	1.86B
Rental Revenue	2.29B	2.34B	2.25B	2.04B	1.86B
Other Revenue RE	-4.65M	-7.09M	-10.87M	-15.04M	1.65M
Gain Assets RE	28.66M	—	238.67M	-17.76M	—
Gain Investments RE	4.22M	2.92M	7.35M	0.62M	42.77M
Currency Exchange Gain (Loss)	-4.51M	0.31M	1.36M	0.72M	0.26M
Expenses & Provisions
SG&A RE	388.80M	278.19M	411.29M	272.79M	210.15M
Total Operating Expenses RE	1.05B	0.95B	0.96B	0.68B	1.17B
Interest Expense RE	-158.84M	-197.93M	-129.91M	-184.70M	-188.47M
Other Non Oper Exp Suppl RE	-578.79M	-509.24M	-227.22M	-144.50M	-156.66M
Property Expenses	355.29M	359.24M	386.20M	360.41M	316.85M
Asset Writedown	501.17M	565.28M	369.93M	-210.82M	-0.29M
D&A For EBITDA	29.20M	16.14M	16.78M	19.72M	338.47M
Dep Amor RE	—	—	—	—	517.98M
Profitability & Returns
EBIT	1.23B	1.39B	1.28B	1.35B	0.69B
EBIT Margin	+53.9%	+59.4%	+57.1%	+66.5%	+37.1%
EBITDA	1.26B	1.40B	1.30B	1.37B	1.03B
EBITDA Margin	+55.2%	+60.1%	+57.9%	+67.5%	+55.3%
EBT Excl RE	0.54B	0.70B	0.93B	1.02B	0.35B
Pretax Income	1.32B	1.27B	1.54B	0.79B	0.47B
Operating Income RE	1.23B	1.39B	1.28B	1.35B	0.69B
Operating Margin	+53.9%	+59.4%	+57.1%	+66.5%	+37.1%
Profit Margin	+55.5%	+52.1%	+67.5%	+38.3%	+26.2%
Net Income	1.27B	1.22B	1.51B	0.78B	0.49B
Net Income to Common	1.27B	1.22B	1.51B	0.78B	0.49B
Net Income Growth	+4.1%	-19.7%	+50.4%	+59.3%	-23.2%
Earnings From Continuing Ops.	1.28B	1.22B	1.50B	0.75B	0.49B
Minority Interest in Earnings	-9.27M	-7.26M	14.00M	25.22M	-0.06M
Income Tax Expense	47.00M	44.00M	40.47M	39.77M	-13.64M
Effective Tax Rate	+3.6%	+3.5%	+2.6%	+5.0%	—
Net Interest Expense RE	-108.55M	-178.48M	-129.91M	-184.70M	-185.61M
Per Share & Capital
EPS (Basic)	2.67	2.56	3.19	1.63	1.02
EPS (Diluted)	2.67	2.56	3.19	1.63	1.02
EPS Growth	+4.1%	-19.7%	+50.5%	+59.3%	-23.9%
Dividend Per Share	—	1.50	1.62	1.50	1.25
Shares Change (YoY)	0	-0	-0	—	0.01
Shares Outstanding (Basic)	474.96M	474.94M	474.95M	475.00M	475.00M
Shares Outstanding (Diluted)	474.96M	474.94M	474.95M	475.00M	475.00M
Dividend Growth	—	-7.4%	-30.6%	+20.0%	-10.7%
Payout Ratio	+42.2%	+54.4%	+70.3%	+91.9%	+97.6%
Supplemental
Insurance Settlements RE	250.00M	—	—	—	—
Int Inc RE	50.30M	19.45M	—	—	2.86M
Other Operating Expenses RE	-7.05M	-9.70M	-25.65M	-12.52M	-14.41M
Other Unusual RE	—	—	—	1.00M	83.54M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Mar 31, 2022	2021Mar 31, 2021
Operating Summary
Revenue	2.28B	2.34B	2.24B	2.02B	1.86B
Interest Income	50.30M	19.45M	—	—	2.86M
Interest Expense	-158.84M	-197.93M	-129.91M	-184.70M	-188.47M
Pretax Income	1.32B	1.27B	1.54B	0.79B	0.47B
Income Tax	47.00M	44.00M	40.47M	39.77M	-13.64M
Net Income	1.27B	1.22B	1.51B	0.78B	0.49B
Rental Revenue	2.29B	2.34B	2.25B	2.04B	1.86B
Property Expenses	355.29M	359.24M	386.20M	360.41M	316.85M
Operating Income	1.23B	1.39B	1.28B	1.35B	0.69B
EPS (Basic)	2.67	2.56	3.19	1.63	1.02
EPS (Diluted)	2.67	2.56	3.19	1.63	1.02
DPS	—	1.50	1.62	1.50	1.25
Margins & Efficiency
Net Margin %	+55.5%	+52.1%	+67.5%	+38.3%	+26.2%
Revenue & Income
Revenue Growth (YoY)	-2.3%	+4.2%	+2.5%	+8.9%	-16.0%
Revenue RE	2.28B	2.34B	2.24B	2.02B	1.86B
Rental Revenue	2.29B	2.34B	2.25B	2.04B	1.86B
Other Revenue RE	-4.65M	-7.09M	-10.87M	-15.04M	1.65M
Gain Assets RE	28.66M	—	238.67M	-17.76M	—
Gain Investments RE	4.22M	2.92M	7.35M	0.62M	42.77M
Currency Exchange Gain (Loss)	-4.51M	0.31M	1.36M	0.72M	0.26M
Expenses & Provisions
SG&A RE	388.80M	278.19M	411.29M	272.79M	210.15M
Total Operating Expenses RE	1.05B	0.95B	0.96B	0.68B	1.17B
Interest Expense RE	-158.84M	-197.93M	-129.91M	-184.70M	-188.47M
Other Non Oper Exp Suppl RE	-578.79M	-509.24M	-227.22M	-144.50M	-156.66M
Property Expenses	355.29M	359.24M	386.20M	360.41M	316.85M
Asset Writedown	501.17M	565.28M	369.93M	-210.82M	-0.29M
D&A For EBITDA	29.20M	16.14M	16.78M	19.72M	338.47M
Dep Amor RE	—	—	—	—	517.98M
Profitability & Returns
EBIT	1.23B	1.39B	1.28B	1.35B	0.69B
EBIT Margin	+53.9%	+59.4%	+57.1%	+66.5%	+37.1%
EBITDA	1.26B	1.40B	1.30B	1.37B	1.03B
EBITDA Margin	+55.2%	+60.1%	+57.9%	+67.5%	+55.3%
EBT Excl RE	0.54B	0.70B	0.93B	1.02B	0.35B
Pretax Income	1.32B	1.27B	1.54B	0.79B	0.47B
Operating Income RE	1.23B	1.39B	1.28B	1.35B	0.69B
Operating Margin	+53.9%	+59.4%	+57.1%	+66.5%	+37.1%
Profit Margin	+55.5%	+52.1%	+67.5%	+38.3%	+26.2%
Net Income	1.27B	1.22B	1.51B	0.78B	0.49B
Net Income to Common	1.27B	1.22B	1.51B	0.78B	0.49B
Net Income Growth	+4.1%	-19.7%	+50.4%	+59.3%	-23.2%
Earnings From Continuing Ops.	1.28B	1.22B	1.50B	0.75B	0.49B
Minority Interest in Earnings	-9.27M	-7.26M	14.00M	25.22M	-0.06M
Income Tax Expense	47.00M	44.00M	40.47M	39.77M	-13.64M
Effective Tax Rate	+3.6%	+3.5%	+2.6%	+5.0%	—
Net Interest Expense RE	-108.55M	-178.48M	-129.91M	-184.70M	-185.61M
Per Share & Capital
EPS (Basic)	2.67	2.56	3.19	1.63	1.02
EPS (Diluted)	2.67	2.56	3.19	1.63	1.02
EPS Growth	+4.1%	-19.7%	+50.5%	+59.3%	-23.9%
Dividend Per Share	—	1.50	1.62	1.50	1.25
Shares Change (YoY)	0	-0	-0	—	0.01
Shares Outstanding (Basic)	474.96M	474.94M	474.95M	475.00M	475.00M
Shares Outstanding (Diluted)	474.96M	474.94M	474.95M	475.00M	475.00M
Dividend Growth	—	-7.4%	-30.6%	+20.0%	-10.7%
Payout Ratio	+42.2%	+54.4%	+70.3%	+91.9%	+97.6%
Supplemental
Insurance Settlements RE	250.00M	—	—	—	—
Int Inc RE	50.30M	19.45M	—	—	2.86M
Other Operating Expenses RE	-7.05M	-9.70M	-25.65M	-12.52M	-14.41M
Other Unusual RE	—	—	—	1.00M	83.54M

Financials

Annual (SAR)

CENOMI CENTERS

Annual (SAR)