R

Rural Funds Group
ASX:RFF

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Rural Funds Group
ASX:RFF
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Price: 1.88 AUD Market Closed
Market Cap: 731.2m AUD
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Rural Funds Group?
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Income Statement

Earnings Waterfall
Rural Funds Group

Revenue
109.8m AUD
Cost of Revenue
-40.4m AUD
Gross Profit
69.4m AUD
Operating Expenses
-23.1m AUD
Operating Income
46.3m AUD
Other Expenses
34.1m AUD
Net Income
80.4m AUD

Income Statement
Rural Funds Group

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Income Statement
Currency: AUD
Jun-2014 Dec-2014 Jun-2015 Dec-2015 Jun-2016 Dec-2016 Jun-2017 Dec-2017 Jun-2018 Dec-2018 Jun-2019 Dec-2019 Jun-2020 Dec-2020 Jun-2021 Dec-2021 Jun-2022 Dec-2022 Jun-2023 Dec-2023 Jun-2024
Revenue
Revenue
17
N/A
22
+31%
22
+0%
24
+8%
27
+11%
34
+27%
42
+23%
46
+11%
51
+11%
52
+2%
56
+7%
63
+13%
67
+6%
68
+2%
68
-1%
72
+7%
82
+13%
91
+11%
95
+4%
104
+10%
110
+5%
Gross Profit
Cost of Revenue
(1)
(1)
0
0
(1)
0
(1)
(2)
(1)
(2)
(2)
(2)
(2)
(2)
(8)
(15)
(18)
(28)
(28)
(33)
(40)
Gross Profit
16
N/A
21
+36%
22
+4%
0
N/A
25
N/A
0
N/A
40
N/A
44
+10%
50
+13%
51
+2%
54
+7%
61
+13%
65
+6%
66
+2%
60
-10%
57
-4%
64
+12%
63
-1%
67
+6%
71
+6%
69
-2%
Operating Income
Operating Expenses
3
(7)
(5)
(4)
(7)
(8)
(8)
(9)
(9)
(13)
(10)
(12)
(12)
(11)
(7)
(5)
(6)
(12)
(14)
(17)
(23)
Selling, General & Administrative
(6)
(6)
(5)
(5)
(3)
(5)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(10)
(6)
(4)
(7)
(6)
(9)
(9)
(10)
Depreciation & Amortization
(4)
(4)
(0)
(1)
(1)
(1)
(2)
(1)
(1)
(1)
(1)
(1)
(2)
(2)
(1)
(1)
(7)
(7)
(12)
(14)
(16)
Other Operating Expenses
13
3
1
1
(3)
(1)
(2)
(2)
(2)
(5)
(1)
(2)
(0)
1
0
(0)
8
1
6
6
3
Operating Income
19
N/A
15
-23%
18
+18%
20
+13%
19
-6%
25
+37%
32
+25%
35
+11%
41
+15%
38
-7%
44
+17%
49
+12%
53
+7%
55
+4%
53
-4%
52
-2%
58
+12%
52
-11%
53
+2%
54
+2%
46
-14%
Pre-Tax Income
Interest Income Expense
(13)
(5)
(11)
(11)
(18)
(12)
13
9
(8)
(8)
(16)
(7)
(7)
(8)
41
55
158
172
43
33
34
Non-Reccuring Items
(2)
(1)
3
0
0
0
0
0
(2)
3
9
3
(1)
(3)
(6)
(7)
(6)
1
(3)
(3)
1
Gain/Loss on Disposition of Assets
0
0
(0)
0
0
0
0
0
0
0
0
(0)
4
37
33
0
0
0
1
1
0
Total Other Income
(2)
(0)
0
(0)
0
(1)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Pre-Tax Income
3
N/A
9
+211%
9
+1%
9
-2%
0
-95%
14
+3 144%
45
+217%
45
-1%
31
-31%
33
+8%
37
+11%
45
+22%
49
+9%
81
+65%
120
+49%
101
-16%
210
+109%
225
+7%
94
-58%
85
-10%
82
-4%
Net Income
Tax Provision
17
18
1
0
(1)
(1)
(2)
(2)
(1)
(2)
(5)
(4)
(2)
(2)
(1)
(1)
(1)
1
0
(1)
(1)
Income from Continuing Operations
20
28
10
10
(0)
13
43
43
30
32
32
41
48
79
120
99
209
225
94
84
80
Net Income (Common)
20
N/A
28
+40%
10
-63%
10
-4%
(0)
N/A
13
N/A
43
+229%
43
-1%
30
-30%
34
+15%
33
-3%
41
+24%
49
+19%
79
+61%
120
+51%
99
-17%
209
+110%
225
+8%
94
-58%
84
-11%
80
-4%
EPS (Diluted)
0.46
N/A
0.2
-57%
0.08
-60%
0.07
-13%
0
N/A
0.06
N/A
0.21
+250%
0.16
-24%
0.12
-25%
0.11
-8%
0.1
-9%
0.12
+20%
0.14
+17%
0.23
+64%
0.35
+52%
0.28
-20%
0.55
+96%
0.59
+7%
0.25
-58%
0.22
-12%
0.21
-5%

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