Heriot REIT Ltd
JSE:HET
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Income Statement
Earnings Waterfall
Heriot REIT Ltd
Income Statement
Heriot REIT Ltd
| Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | Jun-2024 | Dec-2024 | Jun-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Revenue |
473
N/A
|
512
+8%
|
508
-1%
|
479
-6%
|
504
+5%
|
551
+9%
|
576
+5%
|
599
+4%
|
626
+4%
|
917
+47%
|
1 385
+51%
|
1 625
+17%
|
1 707
+5%
|
|
| Gross Profit | ||||||||||||||
| Cost of Revenue |
(120)
|
(134)
|
(139)
|
(142)
|
(155)
|
(176)
|
(193)
|
(201)
|
(202)
|
(286)
|
(499)
|
(636)
|
(679)
|
|
| Gross Profit |
354
N/A
|
378
+7%
|
369
-2%
|
337
-9%
|
350
+4%
|
374
+7%
|
383
+2%
|
398
+4%
|
424
+7%
|
631
+49%
|
886
+40%
|
990
+12%
|
1 028
+4%
|
|
| Operating Income | ||||||||||||||
| Operating Expenses |
(26)
|
(27)
|
(26)
|
(22)
|
(31)
|
(31)
|
(33)
|
(40)
|
(34)
|
404
|
(87)
|
(95)
|
(64)
|
|
| Selling, General & Administrative |
(34)
|
(36)
|
(39)
|
(37)
|
(41)
|
(43)
|
(48)
|
(52)
|
(47)
|
(61)
|
(82)
|
(94)
|
(96)
|
|
| Other Operating Expenses |
8
|
9
|
13
|
15
|
10
|
12
|
15
|
12
|
12
|
466
|
(4)
|
(1)
|
32
|
|
| Operating Income |
328
N/A
|
351
+7%
|
342
-2%
|
315
-8%
|
319
+1%
|
343
+8%
|
350
+2%
|
357
+2%
|
390
+9%
|
1 035
+166%
|
799
-23%
|
895
+12%
|
965
+8%
|
|
| Pre-Tax Income | ||||||||||||||
| Interest Income Expense |
(108)
|
(59)
|
(253)
|
(328)
|
5
|
80
|
340
|
404
|
128
|
1
|
91
|
413
|
646
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
(76)
|
(76)
|
464
|
0
|
(0)
|
(1)
|
12
|
|
| Pre-Tax Income |
219
N/A
|
292
+33%
|
90
-69%
|
(13)
N/A
|
324
N/A
|
423
+30%
|
614
+45%
|
685
+12%
|
982
+43%
|
1 037
+6%
|
890
-14%
|
1 307
+47%
|
1 623
+24%
|
|
| Net Income | ||||||||||||||
| Tax Provision |
(5)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
0
|
(1)
|
(4)
|
(5)
|
(21)
|
(28)
|
(5)
|
|
| Income from Continuing Operations |
214
|
288
|
88
|
(15)
|
322
|
421
|
614
|
684
|
977
|
1 032
|
869
|
1 280
|
1 617
|
|
| Income to Minority Interest |
(5)
|
(12)
|
(5)
|
(1)
|
(9)
|
(10)
|
(5)
|
(8)
|
(13)
|
(54)
|
(204)
|
(247)
|
(238)
|
|
| Net Income (Common) |
209
N/A
|
276
+32%
|
83
-70%
|
(15)
N/A
|
313
N/A
|
411
+31%
|
610
+48%
|
677
+11%
|
964
+42%
|
978
+1%
|
665
-32%
|
1 033
+55%
|
1 379
+34%
|
|
| EPS (Diluted) |
0.82
N/A
|
1.08
+32%
|
0.32
-70%
|
-0.06
N/A
|
1.23
N/A
|
1.61
+31%
|
2.39
+48%
|
2.65
+11%
|
3.77
+42%
|
3.83
+2%
|
2.6
-32%
|
3.23
+24%
|
4.32
+34%
|
|
