Results Snapshot
Figures in Million
Consolidate Annual Results
Dec'25
Dec'24
Dec'23
Dec'22
Dec'21
Dec'20
Dec'19
Net Sales
549.83
503.02
469.53
441.40
385.76
448.71
517.61
Other Operating Income
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Operating income
549.83
503.02
469.53
441.40
385.76
448.71
517.61
Raw Material Cost
71.93
71.47
55.83
61.71
57.26
45.45
47.78
Purchase of Finished goods
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(Increase) / Decrease In Stocks
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Employee Cost
55.24
36.20
34.84
39.67
40.78
40.89
76.85
Power Cost
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Manufacturing Expenses
140.92
134.76
127.79
109.20
116.46
149.65
116.24
Selling and Distribution Expenses
20.09
18.88
15.35
9.48
6.57
13.88
10.67
Other Expenses
-12.59
-12.85
-11.02
-14.61
-12.22
-10.53
-9.71
Total Expenditure (Excl Depreciation)
162.27
132.77
123.59
73.98
98.87
144.62
154.43
Operating Profit (PBDIT) excl Other Income
387.59999999999997
370.20000000000005
345.90000000000003
367.40000000000003
286.90000000000003
304.1
363.2
Other Income
44.73
47.56
3.21
15.50
3.52
-10.91
-21.27
Operating Profit (PBDIT)
437.32
422.16
351.23
384.81
292.27
294.79
344.04
Interest
140.92
134.76
127.79
109.20
116.46
149.65
116.24
Exceptional Items
493.85
-1.17
-336.28
-249.60
194.66
-84.47
354.97
Gross Profit (PBDT)
472.86
427.20
411.63
377.81
326.65
401.64
467.71
Depreciation
5.04
4.35
2.08
1.89
1.86
1.61
2.12
Profit Before Tax
785.22
281.88
-114.92
24.12
368.61
59.06
580.64
Tax
27.12
12.20
8.51
6.80
7.81
-0.75
27.07
Provisions and contingencies
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Profit After Tax
786.13
283.76
-83.50
41.36
395.36
56.36
563.64
Extraordinary Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Net Profit
786.13
283.76
-83.50
41.36
395.36
56.36
563.64
Share in Profit of Associates
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Minority Interest
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other related items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Consolidated Net Profit
786.13
283.76
-83.50
41.36
395.36
56.36
563.64
Equity Capital
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Face Value
1.0
1.0
1.0
1.0
1.0
1.0
1.0
Reserves
8,074.43
7,500.98
6,539.04
6,849.22
7,026.92
6,696.27
6,708.70
Earnings per share (EPS)
1.4
0.56
-0.18
0.1
1.1
0.12
1.2
Diluted Earnings per share
1.4
0.56
-0.18
0.1
1.1
0.12
1.2
Operating Profit Margin (Excl OI)
70.49%
73.61%
73.68%
83.24%
74.37%
67.77%
70.16%
Gross Profit Margin
143.73%
56.9%
-24.03%
5.89%
96.04%
13.52%
112.59%
PAT Margin
142.98%
56.41%
-17.78%
9.37%
102.49%
12.56%
108.89%
Public Share Holdings (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Pledged Promotor Holding (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Annual Analysis Highlights
Net Sales
YoY Growth in year ended Dec 2025 is 9.30% vs 7.14% in Dec 2024
Consolidate Net Profit
YoY Growth in year ended Dec 2025 is 176.99% vs 439.88% in Dec 2024
Operating Profit (PBDIT) excl Other Income
YoY Growth in year ended Dec 2025 is 4.81% vs 7.64% in Dec 2024
Interest
YoY Growth in year ended Dec 2025 is 4.53% vs 5.48% in Dec 2024
Operating Profit Margin (Excl OI)
YoY Growth in year ended Dec 2025 has fallen from Dec 2024
Compare Annual Results Of MERLIN Properties SOCIMI SA With
Figures in Million
Consolidate Annual Results
Change(EUR)
Change(%)
Net Sales
549.83
210.43
339.40
161.29%
Other Operating Income
0.00
0.00
0.00
Total Operating income
549.83
210.43
339.40
161.29%
Raw Material Cost
71.93
32.05
39.88
124.43%
Purchase of Finished goods
0
0
0.00
(Increase) / Decrease In Stocks
0
0
0.00
Employee Cost
55.24
6.12
49.12
802.61%
Power Cost
0
0
0.00
Manufacturing Expenses
140.92
0.60
140.32
23,386.67%
Selling and Distribution Expenses
20.09
1.49
18.60
1,248.32%
Other Expenses
-12.59
1.00
-13.59
-1,359.00%
Total Expenditure (Excl Depreciation)
162.27
50.30
111.97
222.60%
Operating Profit (PBDIT) excl Other Income
387.55
160.13
227.42
142.02%
Other Income
44.73
10.69
34.04
318.43%
Operating Profit (PBDIT)
437.32
182.66
254.66
139.42%
Interest
140.92
0.60
140.32
23,386.67%
Exceptional Items
493.85
-0.93
494.78
53,202.15%
Gross Profit (PBDT)
472.86
166.53
306.33
183.95%
Depreciation
5.04
11.84
-6.80
-57.43%
Profit Before Tax
785.22
169.28
615.94
363.86%
Tax
27.12
42.34
-15.22
-35.95%
Provisions and contingencies
0
0
0.00
Profit After Tax
786.13
126.95
659.18
519.24%
Extraordinary Items
0.00
0.00
0.00
Prior Period Expenses
0
0
0.00
Other Adjustments
0
0
0.00
Net Profit
786.13
126.95
659.18
519.24%
Share in Profit of Associates
0
0
0.00
Minority Interest
0.00
0.00
0.00
Other related items
0.00
0.00
0.00
Consolidated Net Profit
786.13
126.95
659.18
519.24%
Equity Capital
0
0
0.00
Face Value
1.00
2.00
0.00
Reserves
8,074.43
877.47
7,196.96
820.19%
Earnings per share (EPS)
1.40
4.88
-3.48
-71.31%
Diluted Earnings per share
1.40
4.88
-3.48
-71.31%
Operating Profit Margin (Excl OI)
70.49%
76.10%
0.00
-5.61%
Gross Profit Margin
143.73%
86.07%
0.00
57.66%
PAT Margin
142.98%
60.33%
0.00
82.65%
Public Share Holdings (%)
0%
0%
0.00
0.00%
Pledged Promotor Holding (%)
0%
0%
0.00
0.00%
Annual - Net Sales
Net Sales 54.98 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 9.30% vs 7.14% in Dec 2024
Annual - Consolidate Net Profit
Consolidate Net Profit 78.61 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 176.99% vs 439.88% in Dec 2024
Annual - Operating Profit (PBDIT)
Operating Profit (PBDIT) 39.26 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 4.81% vs 7.64% in Dec 2024
Annual - Interest
Interest 14.09 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 4.53% vs 5.48% in Dec 2024
Annual - Operating Profit Margin (Excl OI)
Operating Profit Margin (Excl OI) 70.49%
in Dec 2025Figures in %
YoY Growth in year ended Dec 2025 has fallen from Dec 2024






