MERLIN Properties SOCIMI revenue and financials
€12.48Change from previous close: −0.56%Absolute change: −€0.07
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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 160 | 146 | — | 137 | 129 | 133 | — | — | — | — | — | — |
| Cost of revenue | — | 15.5 | — | — | — | 14.0 | — | — | — | — | — | — |
| Gross profit | — | 131 | — | — | — | 119 | — | — | — | — | — | — |
| Operating income | 121 | 99.3 | — | 94.3 | 108 | 95.4 | — | — | — | — | — | — |
| EBIT | 113 | 110 | 106 | 99.0 | 114 | 104 | 92.1 | 113 | 84.5 | 95.4 | 78.7 | 93.9 |
| EBITDA | 115 | 111 | 107 | 100 | 115 | 105 | 93.2 | 114 | 85.2 | 95.9 | 79.2 | 94.4 |
| Interest expense | 43.3 | 28.9 | — | 10.0 | 45.7 | 20.5 | — | — | — | — | — | — |
| Pre-tax income | 549 | 78.5 | 215 | 72.3 | 440 | 85.5 | 65.9 | 94.0 | 69.5 | 66.6 | -98.4 | 62.3 |
| Income tax | 47.3 | 1.5 | 12.1 | 2.0 | 11.7 | 1.3 | 7.5 | 1.4 | 1.5 | 1.9 | -2.3 | 2.3 |
| Net income | 502 | 77.0 | 203 | 70.3 | 429 | 84.2 | 58.4 | 92.6 | 68.0 | 64.8 | -96.0 | 60.1 |
| Net income to common shareholders | 502 | 77.0 | 203 | 70.3 | 429 | 84.2 | 58.4 | 92.6 | 68.0 | 64.8 | -96.0 | 60.1 |
| Basic EPS | 0.89 | 0.12 | 0.36 | 0.12 | 0.76 | 0.15 | 0.17 | 0.12 | 0.15 | 0.14 | -0.15 | 0.19 |
| Diluted EPS | 0.89 | 0.12 | 0.36 | 0.12 | 0.76 | 0.15 | 0.17 | 0.12 | 0.14 | 0.14 | -0.16 | 0.19 |
| Average shares (basic) | 565 | 620 | 560 | 566 | 561 | 564 | 348 | 754 | 467 | 470 | 621 | 316 |
| Average shares (diluted) | 565 | 620 | 560 | 566 | 561 | 564 | 348 | 754 | 467 | 470 | 621 | 316 |
| Dividend per share | — | — | 0.22 | — | 0.20 | — | 0.40 | — | 0.18 | — | 0.01 | — |