Income Statement ICON Properties plc

Stocks

ICON

MWICON001146

Real Estate Development & Operations

End-of-day quote Malawi S.E. 2026-09-07			5-day change	1st Jan Change
16.99 ^MWK	-0.06%		-0.06%	+6.19%

04-29	ICON Properties plc Reports Earnings Results for the Full Year Ended December 31, 2025	CI
25-09-21	ICON Properties plc Reports Earnings Results for the Half Year Ended June 30, 2025	CI

7506d49fd18993225b2.EhzyDKDa1Qn91LU5QZ1P8lrsm_fA2QtY4OZOmOFGJzQ.X2qIYdOiuEONpedKAq8WgQqh16SIiEoHo5B694cpc2JRK8pJjZOacZTjxg

Published financial data: ICON PROPERTIES PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020 (MWK)	2021 (MWK)	2022 (MWK)	2023 (MWK)	2024 (MWK)
Rental Revenues	4.91B	4.88B	5.19B	5.99B	7.07B
Other Revenues, Total	381M	357M	426M	718M	810M
Total Revenues	5.29B	5.23B	5.62B	6.71B	7.88B
Property Expenses	973M	1.09B	1.47B	1.64B	2.65B
Selling General & Admin Expenses, Total	1.15B	1.23B	1.6B	2.14B	2.67B
Provision for Bad Debts	-	-	116M	159M	174M
Other Operating Expenses	-361K	626M	-	-	-175M
Total Operating Expenses	2.12B	2.94B	3.19B	3.94B	5.32B
Operating Income (REIT / Utility Template)	3.17B	2.29B	2.43B	2.77B	2.56B
Interest and Investment Income	2.85B	2.92B	2.84B	2.37B	2.91B
Net Interest Expenses	2.85B	2.92B	2.84B	2.37B	2.91B
Currency Exchange Gains (Loss)	-	-	-	-	3.12M
Other Non Operating Income (Expenses)	-	-54K	-	-	-
EBT, Excl. Unusual Items	6.02B	5.21B	5.27B	5.14B	5.48B
Gain (Loss) on Sale of Investments	2.16M	6.34M	11.56M	14.55M	1.32B
Gain (Loss) on Sale of Assets	-	-	-	-	1.4M
Asset Writedown	5.28B	4.75B	14.29B	11.84B	19.81B
EBT, Incl. Unusual Items	11.3B	9.96B	19.56B	16.99B	26.61B
Income Tax Expense	2.5B	1.24B	2.86B	-2.17B	2.19B
Earnings From Continuing Operations	8.79B	8.72B	16.71B	19.16B	24.42B
Net Income to Company	8.79B	8.72B	16.71B	19.16B	24.42B
Minority Interest	-189M	-110M	-	-	-
Net Income - (IS)	8.6B	8.61B	16.71B	19.16B	24.42B
Net Income to Common Incl Extra Items	8.6B	8.61B	16.71B	19.16B	24.42B
Net Income to Common Excl. Extra Items	8.6B	8.61B	16.71B	19.16B	24.42B
Per Share Items
Net EPS - Basic	1.29	1.29	2.5	2.87	3.66
Basic EPS - Continuing Operations	1.29	1.29	2.5	2.87	3.66
Basic Weighted Average Shares Outstanding	6.68B	6.68B	6.68B	6.68B	6.68B
Net EPS - Diluted	1.29	1.29	2.5	2.87	3.66
Diluted EPS - Continuing Operations	1.29	1.29	2.5	2.87	3.66
Diluted Weighted Average Shares Outstanding	6.68B	6.68B	6.68B	6.68B	6.68B
Normalized Basic EPS	0.53	0.47	0.49	0.48	0.51
Normalized Diluted EPS	0.53	0.47	0.49	0.48	0.51
Dividend Per Share	0.23	0.24	0.25	0.27	0.29
Payout Ratio	17.08	18.61	9.6	9.06	7.66
Supplemental Items
EBITDA	-	2.29B	2.43B	2.77B	2.59B
EBITA	3.17B	2.29B	2.43B	2.77B	2.56B
EBIT	3.17B	2.29B	2.43B	2.77B	2.56B
EBITDAR	-	2.33B	2.44B	2.79B	2.6B
Total Revenues (As Reported)	10.58B	9.99B	19.92B	18.56B	29.41B
Effective Tax Rate - (Ratio)	22.17	12.41	14.61	-12.78	8.21
Total Current Taxes	1.71B	1.91B	1.59B	1.59B	1.8B
Total Deferred Taxes	751M	-702M	1.27B	-3.76B	358M
Normalized Net Income	3.57B	3.14B	3.29B	3.21B	3.42B
Supplemental Operating Expense Items
Marketing Expenses	6.56M	11.54M	15.61M	44.17M	67.29M
Selling and Marketing Expenses	6.56M	11.54M	15.61M	44.17M	67.29M
General and Administrative Expenses	1.14B	1.21B	1.59B	2.1B	2.6B
Net Rental Expense, Total	27.38M	39.57M	5.73M	12.87M	6.16M
Maintenance & Repair Expenses, Total	143M	131M	463M	347M	510M

Fiscal Period: December	2020 (MWK)	2021 (MWK)	2022 (MWK)	2023 (MWK)	2024 (MWK)
Assets
Gross Property Plant And Equipment	-	-	-	-	117B
Accumulated Depreciation	-	-	-	-	-34.77M
Net Property Plant And Equipment	64.14B	67.68B	83.99B	96.39B	117B
Total Real Estate Assets	64.14B	67.68B	83.99B	96.39B	117B
Cash And Equivalents	119M	8.25B	3.59B	3.3B	9.41B
Accounts Receivable, Total	1.24B	1.17B	1.34B	969M	987M
Other Receivables	981M	750M	931M	647M	714M
Investment In Debt and Equity Securities	11.67B	11.76B	18.65B	20.45B	8.95B
Other Current Assets, Total	8.18B	2.86B	324M	482M	297M
Deferred Tax Assets Long-Term (Collected)	-	-	-	322M	-
Other Long-Term Assets, Total	-	-	-	-	8.28B
Total Assets	86.33B	92.48B	109B	123B	145B
Liabilities
Short-Term Borrowings	-	-	-	-	-
Accounts Payable, Total	72.74M	58.08M	16.76M	-	326M
Accrued Expenses, Total	349M	344M	545M	428M	376M
Current Income Taxes Payable	128M	39.62M	263M	-	-
Unearned Revenue, Current	47.79M	1.1B	103M	295M	272M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	175M	280M	893M	592M	668M
Unearned Revenue Non Current	361K	417M	393M	373M	355M
Deferred Tax Liability Non-Current	3.04B	2.34B	3.44B	-	36.09M
Total Liabilities	3.81B	4.57B	5.65B	1.69B	2.03B
Common Stock, Total	58.21B	58.21B	58.21B	58.21B	58.21B
Retained Earnings	14.96B	21.85B	36.95B	54.65B	77.21B
Comprehensive Income and Other	7.84B	7.84B	8.01B	8.01B	8.01B
Total Common Equity	81.01B	87.9B	103B	121B	143B
Minority Interest	1.51B	-	-	-	-
Total Equity	82.52B	87.9B	103B	121B	143B
Total Liabilities And Equity	86.33B	92.48B	109B	123B	145B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	6.68B	6.68B	6.68B	6.68B	6.68B
ECS Total Common Shares Outstanding	6.68B	6.68B	6.68B	6.68B	6.68B
Book Value / Share	12.13	13.16	15.45	18.1	21.47
Tangible Book Value	81.01B	87.9B	103B	121B	143B
Tangible Book Value Per Share	12.13	13.16	15.45	18.1	21.47
Total Debt	0	0	0	0	0
Net Debt	-119M	-8.25B	-3.59B	-3.3B	-9.41B
Debt Equivalent Oper. Leases	219M	317M	45.83M	103M	49.26M
Minority Interest, Total (Incl. Fin. Div)	1.51B	-	-	-	-
Equity Method Investments, Total	-	-	-	-	8.28B
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	-	-	-	-	2.58B
Buildings, Total	-	-	-	-	114B
Machinery, Total	-	-	-	-	378M
Accumulated Allowance for Doubtful Accounts (Supple)	597M	687M	657M	682M	856M

Fiscal Period: December	2020 (MWK)	2021 (MWK)	2022 (MWK)	2023 (MWK)	2024 (MWK)
Net Income	8.6B	8.61B	16.71B	19.16B	24.42B
Depreciation, Depletion & Amortization	-	3.27M	3.56M	3.56M	26.53M
Total Depreciation, Depletion & Amortization	-	3.27M	3.56M	3.56M	26.53M
(Gain) Loss On Sale of Asset - (CF)	-	-	-	-	-1.4M
(Gain) Loss on Sale of Investments - (CF)	-2.16M	-6.34M	-11.56M	-14.55M	-1.32B
Total Asset Writedown	-5.28B	-4.75B	-14.29B	-11.84B	-19.81B
Restructuring Activities	-	-	-4.66M	-	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-	219M
Change in Accounts Receivable	-356M	-66.45M	150M	782M	-124M
Change in Accounts Payable	-	-	-245M	-264M	309M
Change in Other Net Operating Assets (Collected)	-624M	552M	-	-	-
Other Operating Activities	-2.24B	-3.23B	-1.31B	-6.69B	-2.3B
Cash from Operations	100M	1.12B	1B	1.14B	1.42B
Acquisition of Real Estate Assets, Total	-967M	-799M	-2.02B	-270M	-678M
Sale of Real Estate Assets, Total	-	-	2B	-	1.4M
Net Sale / Acquisition of Real Estate Assets	-967M	-799M	-19.5M	-270M	-677M
Cash Acquisitions	-	-1.7B	-6.8B	-	-7.5B
Investment in Marketable and Equity Securities, Total	-	-	-	-1.7B	-
Other Investing Activities, Total	2.72B	2.98B	2.75B	2.28B	14.73B
Cash from Investing	1.75B	481M	-4.07B	313M	6.56B
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-1.47B	-1.6B	-1.6B	-1.74B	-1.87B
Common & Preferred Stock Dividends Paid	-1.47B	-1.6B	-1.6B	-1.74B	-1.87B
Other Financing Activities, Total	-36.71M	-37.5M	-	-	-
Cash from Financing	-1.51B	-1.64B	-1.6B	-1.74B	-1.87B
Foreign Exchange Rate Adjustments	-	-	-	-	3.12M
Net Change in Cash	346M	-39.16M	-4.67B	-286M	6.11B
Supplemental Items
Cash Income Tax Paid (Refund)	2.09B	1.65B	1.33B	2.13B	1.6B
Levered Free Cash Flow	-532M	-82.14M	3.71B	1.73B	1.69B
Unlevered Free Cash Flow	-532M	-82.14M	3.71B	1.73B	1.69B
Change In Net Working Capital	2.51B	1.5B	-2.19B	7.76M	-427M

Fiscal Period: December	2020 (MWK)	2021 (MWK)	2022 (MWK)	2023 (MWK)	2024 (MWK)
Profitability
Return on Assets	2.39	1.6	1.51	1.5	1.2
Return on Total Capital	2.51	1.68	1.59	1.55	1.21
Return On Equity %	11.15	10.24	17.49	17.1	18.48
Return on Common Equity	11.11	10.2	17.49	17.1	18.48
Margin Analysis
Gross Profit Margin %	81.62	79.1	73.84	75.59	66.35
SG&A Margin	21.74	23.43	28.55	31.92	33.82
EBITDA Margin %	-	43.77	43.29	41.35	32.88
EBITA Margin %	59.9	43.71	43.22	41.3	32.54
EBIT Margin %	59.9	43.71	43.22	41.3	32.54
Income From Continuing Operations Margin %	166.12	166.73	297.41	285.7	309.95
Net Income Margin %	162.55	164.63	297.41	285.7	309.95
Net Avail. For Common Margin %	162.55	164.63	297.41	285.7	309.95
Normalized Net Income Margin	67.49	60.1	58.6	47.88	43.42
Levered Free Cash Flow Margin	-10.05	-1.57	66.03	25.75	21.4
Unlevered Free Cash Flow Margin	-10.05	-1.57	66.03	25.75	21.4
Asset Turnover
Asset Turnover	0.06	0.06	0.06	0.06	0.06
Fixed Assets Turnover	0.09	0.08	0.07	0.07	0.07
Receivables Turnover (Average Receivables)	4.42	4.04	4.13	5.18	7.23
Short Term Liquidity
Current Ratio	13.63	7.17	3.39	4.11	6.95
Quick Ratio	3.03	5.59	3.22	3.74	6.77
Operating Cash Flow to Current Liabilities	0.13	0.62	0.55	0.87	0.87
Days Sales Outstanding (Average Receivables)	82.74	90.38	88.33	70.43	50.63
Average Days Payable Outstanding	76.34	21.84	9.29	-	45.15
Long Term Solvency
Total Debt/Equity	-	-	-	-	-
Total Debt / Total Capital	-	-	-	-	-
Total Liabilities / Total Assets	4.42	4.95	5.19	1.38	1.4
Total Debt / EBITDA	-	-	-	-	-
Net Debt / EBITDA	-	-3.6	-1.47	-1.19	-3.63
Total Debt / (EBITDA - Capex)	-	-	-	-	-
Net Debt / (EBITDA - Capex)	-	-3.62	-1.47	-1.19	-4.24
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-2.62	-1.17	7.19	19.39	17.5
Gross Profit, 1 Yr. Growth %	-2.13	-4.23	2.27	22.22	3.14
EBITDA, 1 Yr. Growth %	-	-	6.18	14.05	-6.58
EBITA, 1 Yr. Growth %	0.96	-27.88	6.18	14.07	-7.42
EBIT, 1 Yr. Growth %	0.96	-27.88	6.18	14.07	-7.42
Earnings From Cont. Operations, 1 Yr. Growth %	18.62	-0.81	91.52	14.68	27.48
Net Income, 1 Yr. Growth %	18.71	0.09	93.97	14.68	27.48
Diluted EPS Before Extra, 1 Yr. Growth %	18.71	0.09	91.52	14.68	27.48
Normalized Net Income, 1 Yr. Growth %	9.94	-12	4.69	-2.45	6.56
Net Property, Plant and Equip., 1 Yr. Growth %	10.78	5.52	24.09	14.77	21.2
Accounts Receivable, 1 Yr. Growth %	27.31	-5.92	14.7	-27.84	1.94
Total Assets, 1 Yr. Growth %	8.76	7.12	17.68	12.62	18.68
Common Equity, 1 Yr. Growth %	9.66	8.51	17.37	17.16	18.66
Tangible Book Value, 1 Yr. Growth %	9.66	8.51	17.37	17.16	18.66
Cash From Operations, 1 Yr. Growth %	-93.79	1.02K	-10.68	13.68	25.13
Levered Free Cash Flow, 1 Yr. Growth %	-104.7	-101.07	-4.62K	-53.44	-2.35
Unlevered Free Cash Flow, 1 Yr. Growth %	-104.7	-101.07	-4.62K	-53.44	-2.35
Dividend Per Share, 1 Yr. Growth %	9.52	4.35	4.17	8	7.41
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	0.65	-1.9	3.01	13.13	18.44
Gross Profit, 2 Yr. CAGR %	1.85	-3.18	-2.03	11.8	12.28
EBITDA, 2 Yr. CAGR %	-	-14.64	-	10.05	3.22
EBITA, 2 Yr. CAGR %	48.7	-14.67	-12.49	10.06	2.77
EBIT, 2 Yr. CAGR %	48.7	-14.67	-12.49	10.06	2.77
Earnings From Cont. Operations, 2 Yr. CAGR %	7.18	8.47	37.83	48.2	20.91
Net Income, 2 Yr. CAGR %	7.47	9	39.34	49.15	20.91
Diluted EPS Before Extra, 2 Yr. CAGR %	7.47	9	39.34	48.2	20.91
Normalized Net Income, 2 Yr. CAGR %	101.1	-1.64	-4.02	1.06	1.96
Net Property, Plant and Equip., 2 Yr. CAGR %	11.1	8.12	14.43	19.34	17.94
Accounts Receivable, 2 Yr. CAGR %	16.03	9.44	3.88	-9.02	-14.23
Total Assets, 2 Yr. CAGR %	8.89	7.94	12.27	15.12	15.61
Common Equity, 2 Yr. CAGR %	9.72	9.08	12.85	17.26	17.91
Tangible Book Value, 2 Yr. CAGR %	9.72	9.08	12.85	17.26	17.91
Cash From Operations, 2 Yr. CAGR %	-91.29	-16.73	215.91	0.77	19.27
Levered Free Cash Flow, 2 Yr. CAGR %	-	-91.48	-30.33	358.52	-32.57
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-91.48	-30.33	358.52	-32.57
Dividend Per Share, 2 Yr. CAGR %	-	6.9	4.26	6.07	7.7
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.12	0.04	1.1	8.2	14.57
Gross Profit, 3 Yr. CAGR %	3.67	-0.22	-2.06	5.47	8.84
EBITDA, 3 Yr. CAGR %	-	16.82	-8.2	-	4.2
EBITA, 3 Yr. CAGR %	-1.52	16.83	-8.22	-4.41	3.89
EBIT, 3 Yr. CAGR %	-1.52	16.83	-8.22	-4.41	3.89
Earnings From Cont. Operations, 3 Yr. CAGR %	-9.37	4.45	31.1	29.64	40.95
Net Income, 3 Yr. CAGR %	-9.41	4.95	32.09	30.58	41.54
Diluted EPS Before Extra, 3 Yr. CAGR %	-17.75	4.95	32.09	30.58	40.95
Normalized Net Income, 3 Yr. CAGR %	24.12	52.68	0.43	-3.5	2.86
Net Property, Plant and Equip., 3 Yr. CAGR %	-	9.21	13.2	14.54	19.95
Accounts Receivable, 3 Yr. CAGR %	-	8.2	11.17	-8	-5.51
Total Assets, 3 Yr. CAGR %	-	8.29	11.09	12.39	16.3
Common Equity, 3 Yr. CAGR %	-	9.32	11.78	14.27	17.73
Tangible Book Value, 3 Yr. CAGR %	-	9.32	11.78	14.27	17.73
Cash From Operations, 3 Yr. CAGR %	-	-56.07	-14.76	124.7	8.31
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-	224.61
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-31.05	-39.09	173.82
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-31.05	-39.09	173.82
Dividend Per Share, 3 Yr. CAGR %	-	-	5.98	5.49	6.51
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	13.28	5.25	4.27	5.12	7.71
Gross Profit, 5 Yr. CAGR %	13.79	3.71	1.35	4	3.44
EBITDA, 5 Yr. CAGR %	-	-5.31	-6.05	14.06	-3.79
EBITA, 5 Yr. CAGR %	10.42	-5.32	-6.07	14.07	-3.97
EBIT, 5 Yr. CAGR %	10.42	-5.32	-6.07	14.07	-3.97
Earnings From Cont. Operations, 5 Yr. CAGR %	22.85	5.63	7.18	20.14	26.93
Net Income, 5 Yr. CAGR %	23.42	5.88	7.61	20.79	27.5
Diluted EPS Before Extra, 5 Yr. CAGR %	16.48	-0.08	1.56	20.79	27.5
Normalized Net Income, 5 Yr. CAGR %	59.99	15.82	11.99	29.45	1.04
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	13.15	15.07
Accounts Receivable, 5 Yr. CAGR %	-	-	-	0.95	0.21
Total Assets, 5 Yr. CAGR %	-	-	-	10.97	12.88
Common Equity, 5 Yr. CAGR %	-	-	-	12.43	14.19
Tangible Book Value, 5 Yr. CAGR %	-	-	-	12.43	14.19
Cash From Operations, 5 Yr. CAGR %	-	-	-	-38.77	-2.5
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	-31.66
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	-31.66
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	6.67