MERLIN Properties SOCIMI revenue and financials
€12.42Change from previous close: −1.04%Absolute change: −€0.13
In the fiscal year ended December 2025, MERLIN Properties SOCIMI reported revenue of €538.96M (+8.98% year over year). Net income was €786.13M, a net margin of 145.9%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +8.98%
- 2025 vs 2024
- Net income growth
- +177.04%
- 2025 vs 2024
- Net margin
- 145.9%
- 2024: 57.4%
Financial data
Amounts in millions of EUR; per-share values in EUR; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | 416 | 317 | 228 | 222 | 162 |
| Depreciation and amortization | 5.0 | 4.4 | 2.1 | 1.9 | 1.9 |
| Capital expenditure | -10.6 | -19.5 | -2.0 | -1.7 | — |
| Investing cash flow | -576 | -294 | -275 | 1,184 | -0.5 |
| Financing cash flow | -177 | 1,069 | 78.6 | -1,700 | — |
| Dividends paid | -123 | -105 | -93.7 | -104 | -70.0 |
| Share repurchases | — | — | — | -0.1 | -0.0 |
| Debt issued | 676 | 391 | 1,022 | 81.8 | — |
| Debt repaid | -629 | -13.6 | -744 | -1,400 | — |
| Net change in cash | -338 | 1,091 | 31.8 | -294 | 497 |
| Free cash flow | 405 | 297 | 226 | 220 | — |
| Levered free cash flow | 257 | 189 | 170 | 180 | 196 |