Cash flow Anpario plc

Equities

ANP

GB00B3NWT178

Fishing & Farming

Market Closed - London S.E. Other stock markets 09:05:08 10/04/2026 pm IST			5-day change	1st Jan Change
470.00 ^GBX	+2.17%		+2.17%	-1.05%

01/04	Anpario plc Reports Earnings Results for the Full Year Ended December 31, 2025	CI
31/03	EARNINGS AND TRADING: React demand robust; Anpario profit jumps 54%	AN

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Published financial data: ANPARIO PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	3.34Cr	3.31Cr	3.1Cr	3.82Cr	4.72Cr
Total Revenues	3.34Cr	3.31Cr	3.1Cr	3.82Cr	4.72Cr
Cost of Goods Sold, Total	1.71Cr	1.9Cr	1.7Cr	2.03Cr	2.32Cr
Gross Profit	1.63Cr	1.41Cr	1.4Cr	1.79Cr	2.4Cr
Selling General & Admin Expenses, Total	1.06Cr	1.04Cr	1.06Cr	1.24Cr	1.62Cr
Provision for Bad Debts	-	-	1L	-	-
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses, Total	1.06Cr	1.04Cr	1.07Cr	1.24Cr	1.62Cr
Operating Income	56.51L	37.7L	32.22L	55.24L	78.72L
Interest Expense, Total	-4T	-3T	-6T	-4T	-12T
Interest And Investment Income	54T	1L	2L	3L	1L
Net Interest Expenses	50T	1L	2L	3L	1L
Currency Exchange Gains (Loss)	-	-	-3L	-	-
EBT, Excl. Unusual Items	57.01L	38.91L	31.52L	58.13L	79.81L
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-	-2L	-	-6L	-
Asset Writedown	-	-	-4L	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	57.01L	36.81L	27.53L	51.81L	79.81L
Income Tax Expense	10.18L	4L	2L	10.69L	12.29L
Earnings From Continuing Operations	46.83L	33.03L	25.28L	41.12L	67.52L
Net Income to Company	46.83L	33.03L	25.28L	41.12L	67.52L
Net Income - (IS)	46.83L	33.03L	25.28L	41.12L	67.52L
Net Income to Common Incl Extra Items	46.83L	33.03L	25.28L	41.12L	67.52L
Net Income to Common Excl. Extra Items	46.83L	33.03L	25.28L	41.12L	67.52L
Per Share Items
Net EPS - Basic	0.23	0.16	0.14	0.25	0.4
Basic EPS - Continuing Operations	0.23	0.16	0.14	0.25	0.4
Basic Weighted Average Shares Outstanding	2.04Cr	2.05Cr	1.87Cr	1.67Cr	1.68Cr
Net EPS - Diluted	0.21	0.15	0.13	0.24	0.38
Diluted EPS - Continuing Operations	0.21	0.15	0.13	0.24	0.38
Diluted Weighted Average Shares Outstanding	2.21Cr	2.19Cr	1.88Cr	1.68Cr	1.78Cr
Normalized Basic EPS	0.17	0.12	0.11	0.22	0.3
Normalized Diluted EPS	0.16	0.11	0.1	0.22	0.28
Dividend Per Share	0.1	0.1	0.11	0.11	0.12
Payout Ratio	43.2	66.18	69.7	44.48	30.45
Supplemental Items
EBITDA	67.01L	48.23L	43.25L	66.08L	91.68L
EBITA	62.5L	43.14L	38.21L	60.64L	85.07L
EBIT	56.51L	37.7L	32.22L	55.24L	78.72L
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	17.86	10.27	8.17	20.63	15.4
Total Current Taxes	6L	2L	2L	11.08L	11.97L
Total Deferred Taxes	4L	2L	33T	-39T	32T
Normalized Net Income	35.63L	24.32L	19.7L	36.33L	49.88L
Interest on Long-Term Debt	4T	3T	6T	4T	12T
Supplemental Operating Expense Items
General and Administrative Expenses	1.06Cr	1.04Cr	1.06Cr	1.24Cr	1.62Cr
Research And Development Expense From Footnotes	42T	98T	5L	2L	2L
Net Rental Expense, Total	-	-	-	-	-
Stock-Based Comp., Other (Total)	53T	2L	3L	3L	3L
Total Stock-Based Compensation	53T	2L	3L	3L	3L

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.55Cr	1.17Cr	1.05Cr	1.05Cr	1.24Cr
Short Term Investments	-	18.28L	1L	-	-
Total Cash And Short Term Investments	1.55Cr	1.36Cr	1.06Cr	1.05Cr	1.24Cr
Accounts Receivable, Total	58.39L	59.67L	56.16L	70.67L	71.2L
Other Receivables	8L	12.8L	7L	15.18L	12.16L
Total Receivables	66.45L	72.47L	63.51L	85.85L	83.36L
Inventory	75.78L	98.67L	63.48L	73.42L	97.66L
Prepaid Expenses	4L	5L	6L	6L	6L
Other Current Assets, Total	3L	21T	67T	2L	3L
Total Current Assets	3.05Cr	3.12Cr	2.41Cr	2.72Cr	3.14Cr
Gross Property Plant And Equipment	73.65L	80.33L	82.72L	1.07Cr	1.11Cr
Accumulated Depreciation	-26.81L	-31.19L	-35.7L	-41.6L	-46.44L
Net Property Plant And Equipment	46.84L	49.14L	47.02L	65.02L	64.17L
Goodwill	59.6L	59.6L	59.6L	68.59L	68.15L
Other Intangibles, Total	45.29L	42.61L	41.92L	51.53L	50.47L
Deferred Tax Assets Long-Term	13.52L	9L	5L	8L	7L
Deferred Charges Long-Term	8L	11.54L	5L	6L	-
Other Long-Term Assets, Total	1L	2L	3L	4T	1L
Total Assets	4.8Cr	4.85Cr	4.02Cr	4.71Cr	5.05Cr
Liabilities
Accounts Payable, Total	26.04L	26.98L	20.33L	30.49L	32.16L
Accrued Expenses, Total	24.67L	11.73L	19.09L	38.08L	35.07L
Current Portion of Leases	68T	35T	33T	66T	1L
Current Income Taxes Payable	-	-	2L	1L	55T
Other Current Liabilities	1L	8L	5L	11.63L	62T
Total Current Liabilities	52.44L	46.56L	46.91L	82.27L	69.77L
Long-Term Leases	17T	17T	46T	8T	1L
Deferred Tax Liability Non Current	22.64L	17.24L	17.62L	25.16L	24.44L
Other Non Current Liabilities	2L	8L	46T	1L	-
Total Liabilities	76.82L	72.22L	65.45L	1.09Cr	95.28L
Common Stock, Total	54.46L	56.24L	46.15L	47.03L	47.44L
Additional Paid In Capital	1.15Cr	1.49Cr	1.5Cr	1.6Cr	1.65Cr
Retained Earnings	3.01Cr	3.12Cr	2.15Cr	2.38Cr	2.85Cr
Treasury Stock	-11.89L	-11.89L	-	-	-98T
Comprehensive Income and Other	-55.99L	-92.72L	-75.56L	-82.17L	-87.47L
Total Common Equity	4.03Cr	4.13Cr	3.36Cr	3.63Cr	4.1Cr
Total Equity	4.03Cr	4.13Cr	3.36Cr	3.63Cr	4.1Cr
Total Liabilities And Equity	4.8Cr	4.85Cr	4.02Cr	4.71Cr	5.05Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.32Cr	2.4Cr	2.01Cr	2.04Cr	2.06Cr
ECS Total Common Shares Outstanding	2.32Cr	2.4Cr	2.01Cr	2.04Cr	2.06Cr
Book Value / Share	1.73	1.72	1.68	1.77	1.99
Tangible Book Value	2.98Cr	3.11Cr	2.35Cr	2.43Cr	2.91Cr
Tangible Book Value Per Share	1.28	1.29	1.17	1.19	1.41
Total Debt	85T	52T	79T	74T	2L
Net Debt	-1.55Cr	-1.35Cr	-1.06Cr	-1.04Cr	-1.22Cr
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	23.66L	46.64L	30.64L	33.06L	43.08L
Inventories - Finished Goods, Total	52.12L	52.03L	32.84L	40.36L	54.58L
Land - (BS)	5L	5L	5L	7L	39.87L
Buildings, Total	14.21L	17.51L	17.53L	34.12L	-
Machinery, Total	43.27L	54.12L	56.18L	61L	63.74L
Full Time Employees	124	128	109	157	162
Accumulated Allowance for Doubtful Accounts (Supple)	2L	2L	4L	5L	4L

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	46.83L	33.03L	25.28L	41.12L	67.52L
Depreciation & Amortization - CF	5L	6L	6L	6L	8L
Amortization of Goodwill and Intangible Assets - (CF)	6L	5L	6L	5L	6L
Depreciation & Amortization, Total	11.39L	11.23L	11.73L	11.6L	14.22L
Amortization of Deferred Charges, Total - (CF)	1L	1L	64T	36T	18T
(Gain) Loss From Sale Of Asset	-2T	46T	2L	-	18T
Asset Writedown & Restructuring Costs	-	-	4L	-	-
Stock-Based Compensation (CF)	36T	2L	3L	2L	1L
Other Operating Activities, Total	5L	-92T	4L	-4L	-3L
Change In Accounts Receivable	-9L	3L	2L	-18.97L	3L
Change In Inventories	-27.59L	-16.61L	32.77L	1L	-25.95L
Change In Accounts Payable	4L	-21.71L	3L	24.76L	1L
Cash from Operations	31.45L	10.87L	86.95L	58.43L	59.02L
Capital Expenditure	-9L	-8L	-3L	-19.38L	-6L
Sale of Property, Plant, and Equipment	6T	-	-	-	-
Cash Acquisitions	-	-	-	-24.92L	-10L
Sale (Purchase) of Intangible assets	-5L	-7L	-5L	-1L	-1L
Investment in Marketable and Equity Securities, Total	-	-25T	17.18L	1L	-
Other Investing Activities, Total	54T	1L	2L	3L	1L
Cash from Investing	-13.63L	-14.41L	12.11L	-41.76L	-14.98L
Long-Term Debt Repaid, Total	-89T	-70T	-69T	-77T	-1L
Total Debt Repaid	-89T	-70T	-69T	-77T	-1L
Issuance of Common Stock	4L	35.65L	1L	10.23L	6L
Repurchase of Common Stock	-	-	-92.48L	-	-98T
Common Dividends Paid	-20.23L	-21.86L	-17.62L	-18.29L	-20.56L
Common & Preferred Stock Dividends Paid	-20.23L	-21.86L	-17.62L	-18.29L	-20.56L
Other Financing Activities, Total	-3L	-32.73L	-6T	-7L	-6L
Cash from Financing	-20.07L	-19.64L	-1.1Cr	-15.43L	-22.78L
Foreign Exchange Rate Adjustments	-50T	3L	-1L	-2L	-2L
Net Change in Cash	-3L	-20.03L	-12L	-39T	19.08L
Supplemental Items
Cash Interest Paid	4T	3T	6T	4T	12T
Cash Income Tax Paid (Refund)	10.47L	7L	-6L	11.52L	13.31L
Levered Free Cash Flow	-3L	-10L	70.94L	29.96L	24.34L
Unlevered Free Cash Flow	-3L	-10L	70.98L	29.98L	24.42L
Change In Net Working Capital	37.64L	32.2L	-42.86L	-2L	35.83L
Net Debt Issued / Repaid	-89T	-70T	-69T	-77T	-1L

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	7.64	4.88	4.54	7.91	10.08
Return on Total Capital	9.06	5.76	5.36	9.85	12.68
Return On Equity %	12.04	8.09	6.74	11.76	17.48
Return on Common Equity	12.04	8.09	6.74	11.76	17.48
Margin Analysis
Gross Profit Margin %	48.73	42.7	45.03	46.91	50.93
SG&A Margin	31.8	31.31	34.31	32.45	34.24
EBITDA Margin %	20.08	14.57	13.95	17.3	19.43
EBITA Margin %	18.73	13.03	12.33	15.88	18.03
EBIT Margin %	16.94	11.39	10.39	14.46	16.69
Income From Continuing Operations Margin %	14.03	9.98	8.16	10.77	14.31
Net Income Margin %	14.03	9.98	8.16	10.77	14.31
Net Avail. For Common Margin %	14.03	9.98	8.16	10.77	14.31
Normalized Net Income Margin	10.68	7.35	6.36	9.51	10.57
Levered Free Cash Flow Margin	-0.99	-2.92	22.89	7.84	5.16
Unlevered Free Cash Flow Margin	-0.99	-2.92	22.9	7.85	5.18
Asset Turnover
Asset Turnover	0.72	0.69	0.7	0.87	0.97
Fixed Assets Turnover	7.49	6.9	6.45	6.82	7.3
Receivables Turnover (Average Receivables)	6.02	5.61	5.35	6.02	6.65
Inventory Turnover (Average Inventory)	2.74	2.17	2.1	2.96	2.71
Short Term Liquidity
Current Ratio	5.82	6.71	5.13	3.31	4.5
Quick Ratio	4.23	4.47	3.62	2.32	2.97
Operating Cash Flow to Current Liabilities	0.6	0.23	1.85	0.71	0.85
Days Sales Outstanding (Average Receivables)	60.6	65.09	68.19	60.77	54.88
Days Outstanding Inventory (Average Inventory)	133.15	167.86	173.66	123.55	134.87
Average Days Payable Outstanding	47.88	45.52	63.86	43.72	44.71
Cash Conversion Cycle (Average Days)	145.87	187.42	178	140.59	145.04
Long Term Solvency
Total Debt/Equity	0.21	0.13	0.23	0.2	0.6
Total Debt / Total Capital	0.21	0.13	0.23	0.2	0.59
LT Debt/Equity	0.04	0.04	0.14	0.02	0.26
Long-Term Debt / Total Capital	0.04	0.04	0.14	0.02	0.26
Total Liabilities / Total Assets	16.01	14.88	16.28	23.02	18.87
EBIT / Interest Expense	1.41T	1.26T	537	1.38T	656
EBITDA / Interest Expense	1.7T	1.63T	732.5	1.67T	774.5
(EBITDA - Capex) / Interest Expense	1.47T	1.36T	686.33	1.19T	727.33
Total Debt / EBITDA	0.01	0.01	0.02	0.01	0.03
Net Debt / EBITDA	-2.28	-2.76	-2.41	-1.56	-1.31
Total Debt / (EBITDA - Capex)	0.01	0.01	0.02	0.02	0.03
Net Debt / (EBITDA - Capex)	-2.63	-3.31	-2.57	-2.2	-1.39
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	9.32	-0.79	-6.36	23.22	23.51
Gross Profit, 1 Yr. Growth %	2.58	-13.07	-1.26	28.36	34.09
EBITDA, 1 Yr. Growth %	7.18	-28.03	-6.24	64.17	38.74
EBITA, 1 Yr. Growth %	7.89	-30.98	-6.9	72.22	40.29
EBIT, 1 Yr. Growth %	7.29	-33.29	-9.49	89.05	42.51
Earnings From Cont. Operations, 1 Yr. Growth %	11.37	-29.47	-23.46	62.66	64.2
Net Income, 1 Yr. Growth %	11.37	-29.47	-23.46	62.66	64.2
Normalized Net Income, 1 Yr. Growth %	6.56	-31.75	-14.37	84.42	37.3
Diluted EPS Before Extra, 1 Yr. Growth %	6.39	-28.64	-10.93	81.56	55.36
Accounts Receivable, 1 Yr. Growth %	11.41	2.19	-5.88	25.84	0.75
Inventory, 1 Yr. Growth %	54.59	30.21	-35.66	15.66	33.02
Net Property, Plant and Equip., 1 Yr. Growth %	10.81	4.91	-4.31	38.28	-1.31
Total Assets, 1 Yr. Growth %	7.88	1.14	-17.18	17.3	7.09
Tangible Book Value, 1 Yr. Growth %	12.32	4.28	-24.42	3.34	19.85
Common Equity, 1 Yr. Growth %	7.46	2.5	-18.55	7.86	12.86
Cash From Operations, 1 Yr. Growth %	-46.05	-65.44	699.91	-32.8	1.01
Capital Expenditures, 1 Yr. Growth %	54.64	-11.78	-65.76	599.64	-70.79
Levered Free Cash Flow, 1 Yr. Growth %	-108.87	191.78	-745.57	-56.62	-18.74
Unlevered Free Cash Flow, 1 Yr. Growth %	-108.8	193.43	-747.01	-56.61	-18.56
Dividend Per Share, 1 Yr. Growth %	11.11	5	1.9	5.14	11.11
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	7.18	4.14	-3.62	7.42	23.36
Gross Profit, 2 Yr. CAGR %	5.86	-5.57	-7.35	12.58	31.2
EBITDA, 2 Yr. CAGR %	13.67	-12.17	-19.66	19.69	50.92
EBITA, 2 Yr. CAGR %	13.98	-13.7	-21.81	21.56	55.44
EBIT, 2 Yr. CAGR %	14.68	-15.4	-24.49	24.57	64.14
Earnings From Cont. Operations, 2 Yr. CAGR %	12.27	-11.37	-26.53	11.58	63.43
Net Income, 2 Yr. CAGR %	12.27	-11.37	-26.53	11.58	63.43
Normalized Net Income, 2 Yr. CAGR %	13.91	-14.72	-25.64	25.67	59.12
Diluted EPS Before Extra, 2 Yr. CAGR %	9.62	-12.87	-20.27	27.17	67.95
Accounts Receivable, 2 Yr. CAGR %	7.89	6.7	-1.93	8.83	12.6
Inventory, 2 Yr. CAGR %	35.92	41.88	-8.47	-13.74	24.03
Net Property, Plant and Equip., 2 Yr. CAGR %	5.67	7.82	0.19	15.03	16.82
Total Assets, 2 Yr. CAGR %	8.96	4.46	-8.48	-1.44	12.08
Tangible Book Value, 2 Yr. CAGR %	9.42	8.23	-11.22	-11.62	11.29
Common Equity, 2 Yr. CAGR %	6.47	4.95	-8.63	-6.27	10.33
Cash From Operations, 2 Yr. CAGR %	-10.99	-56.82	66.27	131.85	-17.61
Capital Expenditures, 2 Yr. CAGR %	1.28	16.8	-45.04	54.78	42.94
Levered Free Cash Flow, 2 Yr. CAGR %	-53.06	-49.13	362.51	65.12	-40.63
Unlevered Free Cash Flow, 2 Yr. CAGR %	-53.32	-49.2	364.39	65.33	-40.55
Dividend Per Share, 2 Yr. CAGR %	11.8	8.01	3.44	3.51	8.08
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.67	4.45	0.52	4.61	12.53
Gross Profit, 3 Yr. CAGR %	6.29	-0.87	-4.15	3.29	19.34
EBITDA, 3 Yr. CAGR %	8.86	-2.39	-11.56	-0.46	25.73
EBITA, 3 Yr. CAGR %	8.63	-3.57	-12.95	-1	27.5
EBIT, 3 Yr. CAGR %	8.1	-4.27	-15.11	-0.75	30.28
Earnings From Cont. Operations, 3 Yr. CAGR %	5.37	-3.84	-15.6	-4.24	26.91
Net Income, 3 Yr. CAGR %	5.37	-3.84	-15.6	-4.24	26.91
Normalized Net Income, 3 Yr. CAGR %	7.77	-3.97	-16.17	0.65	29.43
Diluted EPS Before Extra, 3 Yr. CAGR %	4.52	-5	-12.23	4.89	35.95
Accounts Receivable, 3 Yr. CAGR %	8.09	5.96	2.33	6.57	6.07
Inventory, 3 Yr. CAGR %	23.42	33.99	9	-1.05	-0.34
Net Property, Plant and Equip., 3 Yr. CAGR %	6.24	5.41	3.61	11.55	9.3
Total Assets, 3 Yr. CAGR %	7.9	6.29	-3.32	-0.59	1.33
Tangible Book Value, 3 Yr. CAGR %	9.91	7.68	-3.98	-6.61	-2.18
Common Equity, 3 Yr. CAGR %	6.73	5.13	-3.55	-3.43	-0.28
Cash From Operations, 3 Yr. CAGR %	5.36	-35.06	14.25	22.93	75.76
Capital Expenditures, 3 Yr. CAGR %	9.68	-3.28	-22.41	28.33	-11.23
Levered Free Cash Flow, 3 Yr. CAGR %	29.56	-13.69	23.8	108.27	30.36
Unlevered Free Cash Flow, 3 Yr. CAGR %	30.13	-13.85	23.79	108.86	30.57
Dividend Per Share, 3 Yr. CAGR %	11.57	9.49	5.94	4	5.98
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.51	2.51	1.85	5.63	9.1
Gross Profit, 5 Yr. CAGR %	7.28	-0.29	0.61	4.31	8.67
EBITDA, 5 Yr. CAGR %	10.17	0.77	-3.6	4.97	7.96
EBITA, 5 Yr. CAGR %	10.08	-0	-4.76	4.74	7.99
EBIT, 5 Yr. CAGR %	9.18	-1.12	-6.35	5.15	8.37
Earnings From Cont. Operations, 5 Yr. CAGR %	12.66	2.05	-8.78	2.05	9.93
Net Income, 5 Yr. CAGR %	12.66	2.05	-8.78	2.05	9.93
Normalized Net Income, 5 Yr. CAGR %	7.88	-0.7	-7.1	5.76	8.33
Diluted EPS Before Extra, 5 Yr. CAGR %	10.96	1.28	-6.21	6.76	13.79
Accounts Receivable, 5 Yr. CAGR %	-0.89	2.79	3.96	7.1	6.32
Inventory, 5 Yr. CAGR %	27.53	26.15	9.51	12.35	14.78
Net Property, Plant and Equip., 5 Yr. CAGR %	5.77	7.98	3.78	9.16	8.71
Total Assets, 5 Yr. CAGR %	7.1	5.46	1.02	3.13	2.57
Tangible Book Value, 5 Yr. CAGR %	9.5	8.8	0.91	-0.5	1.86
Common Equity, 5 Yr. CAGR %	7.15	6.24	0.3	0.41	1.78
Cash From Operations, 5 Yr. CAGR %	-3.7	-26.97	26.45	8.04	0.25
Capital Expenditures, 5 Yr. CAGR %	4.7	39.89	-16.8	16.74	-0.93
Levered Free Cash Flow, 5 Yr. CAGR %	-29.34	-24.29	115.54	14.76	-8.22
Unlevered Free Cash Flow, 5 Yr. CAGR %	-29.45	-24.32	116.46	14.7	-8.18
Dividend Per Share, 5 Yr. CAGR %	12.7	10.07	8.25	7.06	6.79