Income Statement Castilla Agrícola S.A.

Equities

INCASTILLA

COD31PA00017

Fishing & Farming

End-of-day quote Bolsa De Valores De Colombia Other stock markets 11/12/2025			5-day change	1st Jan Change
21,180.00 ^COP	0.00%		0.00%	-

15/08	Castilla Agrícola S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2025	CI
16/05	Castilla Agrícola S.A. Reports Earnings Results for the First Quarter Ended March 31, 2025	CI

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Published financial data: CASTILLA AGRÍCOLA S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	7.19TCr	8.97TCr	12TCr	13TCr	14TCr
Total Revenues	7.19TCr	8.97TCr	12TCr	13TCr	14TCr
Cost of Goods Sold, Total	4.84TCr	5.11TCr	6.11TCr	7.12TCr	7.92TCr
Gross Profit	2.35TCr	3.86TCr	5.65TCr	5.5TCr	5.8TCr
Selling General & Admin Expenses, Total	520.92Cr	526.25Cr	612.27Cr	706.57Cr	878.26Cr
Other Operating Expenses	-116.09Cr	-8Cr	11Cr	-118.03Cr	72Cr
Other Operating Expenses, Total	404.84Cr	518.24Cr	622.79Cr	588.54Cr	950.38Cr
Operating Income	1.94TCr	3.34TCr	5.02TCr	4.91TCr	4.85TCr
Interest Expense, Total	-596.38Cr	-501.18Cr	-710.23Cr	-935.59Cr	-1.06TCr
Interest And Investment Income	54Cr	110.69Cr	128.75Cr	69Cr	77Cr
Net Interest Expenses	-541.97Cr	-390.5Cr	-581.48Cr	-866.69Cr	-984.28Cr
Currency Exchange Gains (Loss)	5.61Cr	11Cr	4.82Cr	-1.11Cr	16.45L
Other Non Operating Income (Expenses)	-91Cr	-91Cr	-95Cr	-85Cr	-96Cr
EBT, Excl. Unusual Items	1.32TCr	2.87TCr	4.35TCr	3.96TCr	3.76TCr
Gain (Loss) On Sale Of Assets	-	-	206.87Cr	21Cr	1.85Cr
Asset Writedown	-	-89Cr	-	-	-
EBT, Incl. Unusual Items	1.32TCr	2.78TCr	4.56TCr	3.98TCr	3.77TCr
Income Tax Expense	574.54Cr	1.15TCr	1.67TCr	1.43TCr	1.41TCr
Earnings From Continuing Operations	742.39Cr	1.63TCr	2.89TCr	2.55TCr	2.36TCr
Net Income to Company	742.39Cr	1.63TCr	2.89TCr	2.55TCr	2.36TCr
Minority Interest	173.6Cr	429.52Cr	66Cr	107Cr	379.91Cr
Net Income - (IS)	915.99Cr	2.06TCr	2.96TCr	2.66TCr	2.74TCr
Net Income to Common Incl Extra Items	915.99Cr	2.06TCr	2.96TCr	2.66TCr	2.74TCr
Net Income to Common Excl. Extra Items	915.99Cr	2.06TCr	2.96TCr	2.66TCr	2.74TCr
Per Share Items
Net EPS - Basic	467.87	1.05T	1.51T	1.36T	1.4T
Basic EPS - Continuing Operations	467.87	1.05T	1.51T	1.36T	1.4T
Basic Weighted Average Shares Outstanding	1.96Cr	1.96Cr	1.96Cr	1.96Cr	1.96Cr
Net EPS - Diluted	467.87	1.05T	1.51T	1.36T	1.4T
Diluted EPS - Continuing Operations	467.87	1.05T	1.51T	1.36T	1.4T
Diluted Weighted Average Shares Outstanding	1.96Cr	1.96Cr	1.96Cr	1.96Cr	1.96Cr
Normalized Basic EPS	509.08	1.14T	1.42T	1.32T	1.4T
Normalized Diluted EPS	509.08	1.14T	1.42T	1.32T	1.4T
Payout Ratio	136.22	38.85	68.78	74.23	112.08
Supplemental Items
EBITDA	2.75TCr	4.18TCr	5.85TCr	5.77TCr	5.85TCr
EBITA	2.02TCr	3.41TCr	5.1TCr	5.05TCr	4.85TCr
EBIT	1.94TCr	3.34TCr	5.02TCr	4.91TCr	4.85TCr
EBITDAR	2.75TCr	4.18TCr	5.85TCr	-	5.85TCr
Effective Tax Rate - (Ratio)	43.63	41.45	36.59	35.82	37.47
Total Current Taxes	654.06Cr	1.18TCr	1.69TCr	1.55TCr	1.55TCr
Total Deferred Taxes	-74Cr	-12Cr	-21Cr	-126.12Cr	-141.98Cr
Normalized Net Income	996.68Cr	2.22TCr	2.79TCr	2.58TCr	2.73TCr
Interest on Long-Term Debt	126.51Cr	95Cr	84Cr	135.92Cr	109.01Cr
Supplemental Operating Expense Items
Selling and Marketing Expenses	40Cr	54Cr	50Cr	49Cr	36Cr
General and Administrative Expenses	481.06Cr	471.95Cr	562.6Cr	657.7Cr	842.15Cr
Net Rental Expense, Total	8L	3L	13.5L	-	32.99L
Imputed Operating Lease Interest Expense	-	2L	13.13L	-	49.11L
Imputed Operating Lease Depreciation	-	1L	37.25T	-	-16.12L
Maintenance & Repair Expenses, Total	8.7Cr	7.09Cr	11Cr	13Cr	6.41Cr

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	82Cr	100.84Cr	488.24Cr	44Cr	112.06Cr
Total Cash And Short Term Investments	82Cr	100.84Cr	488.24Cr	44Cr	112.06Cr
Accounts Receivable, Total	1.84TCr	3.1TCr	2.27TCr	3.02TCr	3.37TCr
Other Receivables	62Cr	103.95Cr	207.55Cr	71Cr	94Cr
Total Receivables	1.91TCr	3.21TCr	2.48TCr	3.1TCr	3.46TCr
Inventory	3.49TCr	3.81TCr	4.73TCr	5.01TCr	3.44TCr
Other Current Assets, Total	200.81Cr	253.52Cr	1.03TCr	1.04TCr	839.97Cr
Total Current Assets	5.68TCr	7.37TCr	8.73TCr	9.19TCr	7.85TCr
Gross Property Plant And Equipment	38TCr	38TCr	40TCr	40TCr	41TCr
Accumulated Depreciation	-4.37TCr	-5.13TCr	-5.53TCr	-5.61TCr	-6.35TCr
Net Property Plant And Equipment	33TCr	33TCr	35TCr	35TCr	35TCr
Other Long-Term Assets, Total	476.02Cr	1.04TCr	1.58TCr	1.07TCr	1.06TCr
Total Assets	39TCr	42TCr	45TCr	45TCr	44TCr
Liabilities
Accounts Payable, Total	363.8Cr	802.94Cr	3.29TCr	2.11TCr	3.32TCr
Accrued Expenses, Total	147.49Cr	165.15Cr	166.18Cr	202.88Cr	246.11Cr
Short-term Borrowings	288.35Cr	723.03Cr	-	-	-
Current Portion of Long-Term Debt	2.02TCr	2.25TCr	1.8TCr	3.12TCr	2.61TCr
Current Portion of Leases	409.87Cr	440.82Cr	219.5Cr	192.65Cr	190.49Cr
Current Income Taxes Payable	256.02Cr	645.75Cr	898.47Cr	358.75Cr	362.06Cr
Other Current Liabilities	269.5Cr	234.74Cr	283.55Cr	74Cr	106.14Cr
Total Current Liabilities	3.75TCr	5.26TCr	6.65TCr	6.05TCr	6.84TCr
Long-Term Debt	2.67TCr	2.12TCr	2.56TCr	1.97TCr	2.66TCr
Long-Term Leases	1.47TCr	1.07TCr	508.16Cr	300.12Cr	358.45Cr
Deferred Tax Liability Non Current	2.37TCr	2.46TCr	4.04TCr	3.82TCr	3.68TCr
Other Non Current Liabilities	-	-	19Cr	18Cr	16Cr
Total Liabilities	10TCr	11TCr	14TCr	12TCr	14TCr
Common Stock, Total	349.24Cr	349.24Cr	349.24Cr	349.24Cr	349.24Cr
Retained Earnings	3.7TCr	3.15TCr	2.04TCr	3.8TCr	2.94TCr
Comprehensive Income and Other	24TCr	27TCr	28TCr	27TCr	27TCr
Total Common Equity	28TCr	30TCr	30TCr	32TCr	30TCr
Minority Interest	1.11TCr	683.08Cr	1.18TCr	1.07TCr	1.41Cr
Total Equity	29TCr	31TCr	31TCr	33TCr	30TCr
Total Liabilities And Equity	39TCr	42TCr	45TCr	45TCr	44TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.96Cr	1.96Cr	1.96Cr	1.96Cr	1.96Cr
ECS Total Common Shares Outstanding	1.96Cr	1.96Cr	1.96Cr	1.96Cr	1.96Cr
Book Value / Share	14.34T	15.32T	15.3T	16.09T	15.45T
Tangible Book Value	28TCr	30TCr	30TCr	32TCr	30TCr
Tangible Book Value Per Share	14.34T	15.32T	15.3T	16.09T	15.45T
Total Debt	6.85TCr	6.61TCr	5.08TCr	5.58TCr	5.82TCr
Net Debt	6.77TCr	6.51TCr	4.59TCr	5.54TCr	5.71TCr
Debt Equivalent Oper. Leases	64L	26.32L	1.08Cr	-	2.64Cr
Minority Interest, Total (Incl. Fin. Div)	1.11TCr	683.08Cr	1.18TCr	1.07TCr	1.41Cr
Account Code - Inventory Valuation	-	6	6	6	3
Inventories - Finished Goods, Total	3.26TCr	3.44TCr	4.22TCr	4.68TCr	3.1TCr
Inventories - Others	236.27Cr	371.65Cr	510.88Cr	328.7Cr	341.7Cr
Land - (BS)	28TCr	28TCr	30TCr	30TCr	30TCr
Buildings, Total	2.04TCr	2.04TCr	1.42TCr	1.46TCr	1.59TCr
Machinery, Total	1.11TCr	1.11TCr	935.94Cr	919.5Cr	1.02TCr
Accumulated Allowance for Doubtful Accounts (Supple)	186.48Cr	58Cr	17Cr	19Cr	61Cr

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	915.99Cr	2.06TCr	2.96TCr	2.66TCr	2.74TCr
Depreciation & Amortization - CF	731.78Cr	766.77Cr	752.47Cr	720.63Cr	1.01TCr
Amortization of Goodwill and Intangible Assets - (CF)	75Cr	66Cr	76Cr	136.36Cr	-
Depreciation & Amortization, Total	806.89Cr	833.06Cr	828.51Cr	856.99Cr	1.01TCr
(Gain) Loss From Sale Of Asset	-	1.05Cr	-220.13Cr	-27Cr	-1.85Cr
Asset Writedown & Restructuring Costs	14.5L	86Cr	-	2.8Cr	93Cr
Provision and Write-off of Bad Debts	-3.25Cr	123.49Cr	5.46Cr	9.3Cr	61Cr
Other Operating Activities, Total	-199.32Cr	689.25Cr	705.5Cr	361.07Cr	2.79TCr
Change In Accounts Receivable	1.69TCr	-1.39TCr	1.3TCr	-619.86Cr	-333.49Cr
Change In Inventories	-405.33Cr	-232.11Cr	-866.37Cr	-479.89Cr	-74Cr
Change In Accounts Payable	207.93Cr	838.27Cr	-698.19Cr	158.1Cr	980.94Cr
Change In Income Taxes	-	-	-	-	-1.64TCr
Change in Other Net Operating Assets	-43Cr	-131.13Cr	-211.08Cr	-264.17Cr	-28Cr
Cash from Operations	2.97TCr	2.88TCr	3.8TCr	2.66TCr	5.59TCr
Capital Expenditure	-500.64Cr	-480.53Cr	-780.3Cr	-726.16Cr	-1.26TCr
Sale of Property, Plant, and Equipment	-	1.04Cr	68Cr	98Cr	1.85Cr
Sale (Purchase) of Real Estate properties	-	-84.1L	-	-	-
Cash from Investing	-500.64Cr	-480.33Cr	-712.7Cr	-627.66Cr	-1.26TCr
Short Term Debt Issued, Total	101.97Cr	1.43TCr	1.54TCr	724.21Cr	222Cr
Long-Term Debt Issued, Total	3.82TCr	3.5TCr	5.27TCr	2.83TCr	5.82TCr
Total Debt Issued	3.92TCr	4.93TCr	6.81TCr	3.55TCr	6.04TCr
Short Term Debt Repaid, Total	-101.97Cr	-1.37TCr	-1.6TCr	-724.21Cr	-202.56Cr
Long-Term Debt Repaid, Total	-4.17TCr	-4.13TCr	-5.76TCr	-2.33TCr	-5.6TCr
Total Debt Repaid	-4.27TCr	-5.5TCr	-7.36TCr	-3.05TCr	-5.8TCr
Common Dividends Paid	-1.25TCr	-799.95Cr	-2.03TCr	-1.97TCr	-3.07TCr
Common & Preferred Stock Dividends Paid	-1.25TCr	-799.95Cr	-2.03TCr	-1.97TCr	-3.07TCr
Other Financing Activities, Total	-797.86Cr	-1TCr	-113.4Cr	-1TCr	-1.43TCr
Cash from Financing	-2.4TCr	-2.38TCr	-2.7TCr	-2.47TCr	-4.26TCr
Net Change in Cash	72Cr	19Cr	387.39Cr	-444.41Cr	68Cr
Supplemental Items
Cash Interest Paid	623.26Cr	574.4Cr	557.71Cr	856.13Cr	1.05TCr
Cash Income Tax Paid (Refund)	405.88Cr	813.51Cr	1.15TCr	2.09TCr	-
Levered Free Cash Flow	-	1.27TCr	4.56TCr	-179.69Cr	3.43TCr
Unlevered Free Cash Flow	-	1.58TCr	5TCr	405.05Cr	4.09TCr
Change In Net Working Capital	-	857.4Cr	-1.81TCr	2.79TCr	-1.32TCr
Net Debt Issued / Repaid	-350.13Cr	-576.92Cr	-550.61Cr	501.4Cr	236.92Cr

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-	5.15	7.25	6.84	6.94
Return on Total Capital	-	5.69	8.53	8.24	8.3
Return On Equity %	-	5.44	9.34	8	7.65
Return on Common Equity	-	7.09	9.84	8.64	8.94
Margin Analysis
Gross Profit Margin %	32.66	43.05	48.02	43.59	42.24
SG&A Margin	7.24	5.87	5.21	5.6	6.4
EBITDA Margin %	38.25	46.56	49.77	45.72	42.66
EBITA Margin %	28.07	38.01	43.37	40.01	35.32
EBIT Margin %	27.03	37.27	42.72	38.92	35.32
Income From Continuing Operations Margin %	10.32	18.17	24.59	20.24	17.17
Net Income Margin %	12.74	22.96	25.14	21.09	19.94
Net Avail. For Common Margin %	12.74	22.96	25.14	21.09	19.94
Normalized Net Income Margin	13.86	24.8	23.69	20.46	19.92
Levered Free Cash Flow Margin	-	14.17	38.77	-1.42	24.97
Unlevered Free Cash Flow Margin	-	17.67	42.54	3.21	29.8
Asset Turnover
Asset Turnover	-	0.22	0.27	0.28	0.31
Fixed Assets Turnover	-	0.27	0.35	0.36	0.39
Receivables Turnover (Average Receivables)	-	3.63	4.38	4.77	4.29
Inventory Turnover (Average Inventory)	-	1.4	1.43	1.46	2.24
Short Term Liquidity
Current Ratio	1.51	1.4	1.31	1.52	1.15
Quick Ratio	0.53	0.63	0.45	0.52	0.52
Operating Cash Flow to Current Liabilities	0.79	0.55	0.57	0.44	0.82
Days Sales Outstanding (Average Receivables)	-	100.69	83.41	76.6	85.24
Days Outstanding Inventory (Average Inventory)	-	260.86	255.03	249.82	163.24
Average Days Payable Outstanding	-	39.26	106.14	133.19	128.48
Cash Conversion Cycle (Average Days)	-	322.29	232.31	193.23	120.01
Long Term Solvency
Total Debt/Equity	23.48	21.5	16.28	17.1	19.21
Total Debt / Total Capital	19.02	17.69	14	14.61	16.11
LT Debt/Equity	14.18	10.4	9.82	6.97	9.97
Long-Term Debt / Total Capital	11.48	8.56	8.45	5.95	8.36
Total Liabilities / Total Assets	26.01	26.2	30.63	27.15	30.9
EBIT / Interest Expense	3.26	6.67	7.07	5.25	4.57
EBITDA / Interest Expense	4.61	8.33	8.24	6.16	5.51
(EBITDA - Capex) / Interest Expense	3.77	7.37	7.14	5.39	4.32
Total Debt / EBITDA	2.49	1.58	0.87	0.97	1
Net Debt / EBITDA	2.46	1.56	0.78	0.96	0.98
Total Debt / (EBITDA - Capex)	3.05	1.79	1	1.11	1.27
Net Debt / (EBITDA - Capex)	3.01	1.76	0.91	1.1	1.25
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	24.71	31.09	7.29	8.76
Gross Profit, 1 Yr. Growth %	-	64.4	46.2	-2.6	10.13
EBITDA, 1 Yr. Growth %	-	51.81	43.16	-1.49	5.8
EBITA, 1 Yr. Growth %	-	68.86	53.56	-1.08	3.66
EBIT, 1 Yr. Growth %	-	71.97	54.35	-2.3	3.66
Earnings From Cont. Operations, 1 Yr. Growth %	-	119.52	77.38	-11.67	1.65
Net Income, 1 Yr. Growth %	-	124.8	43.57	-10.02	7.6
Normalized Net Income, 1 Yr. Growth %	-	123.2	28.43	-7.41	7.13
Diluted EPS Before Extra, 1 Yr. Growth %	-	124.8	43.57	-10.02	7.6
Accounts Receivable, 1 Yr. Growth %	-	68.25	-26.86	33.24	11.29
Inventory, 1 Yr. Growth %	-	9.03	24.26	5.86	-5.17
Net Property, Plant and Equip., 1 Yr. Growth %	-	-0.14	4.25	-0.31	1.21
Total Assets, 1 Yr. Growth %	-	5.58	7.97	-0.37	1.07
Tangible Book Value, 1 Yr. Growth %	-	7.04	-0.11	5.16	-1.79
Common Equity, 1 Yr. Growth %	-	7.04	-0.11	5.16	-1.79
Cash From Operations, 1 Yr. Growth %	-	-2.98	31.87	-30.02	101.3
Capital Expenditures, 1 Yr. Growth %	-	-4.02	62.38	-6.94	74.2
Levered Free Cash Flow, 1 Yr. Growth %	-	-	274.85	-103.94	225.01
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	227.09	-91.9	149.51
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	27.86	18.59	8.02
Gross Profit, 2 Yr. CAGR %	-	-	55.04	19.33	1.32
EBITDA, 2 Yr. CAGR %	-	-	45.85	18.78	-0.02
EBITA, 2 Yr. CAGR %	-	-	58.92	23.28	-2.55
EBIT, 2 Yr. CAGR %	-	-	60.75	22.83	-1.81
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	97.33	25.17	-9.73
Net Income, 2 Yr. CAGR %	-	-	79.65	13.66	-3.81
Normalized Net Income, 2 Yr. CAGR %	-	-	67.18	9.07	-0.98
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	79.65	13.66	-3.81
Accounts Receivable, 2 Yr. CAGR %	-	-	10.93	-1.28	21.77
Inventory, 2 Yr. CAGR %	-	-	16.4	14.69	-14.73
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	2.03	1.95	0.45
Total Assets, 2 Yr. CAGR %	-	-	6.77	3.72	-1.21
Tangible Book Value, 2 Yr. CAGR %	-	-	3.4	2.49	0.51
Common Equity, 2 Yr. CAGR %	-	-	3.4	2.49	0.51
Cash From Operations, 2 Yr. CAGR %	-	-	13.11	-3.94	21.3
Capital Expenditures, 2 Yr. CAGR %	-	-	24.84	22.93	27.32
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-61.56	-13.33
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-48.53	-9.6
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	20.6	15.22
Gross Profit, 3 Yr. CAGR %	-	-	-	32.78	14.49
EBITDA, 3 Yr. CAGR %	-	-	-	27.99	12.71
EBITA, 3 Yr. CAGR %	-	-	-	35.71	13.42
EBIT, 3 Yr. CAGR %	-	-	-	36.19	14.19
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	50.95	13.07
Net Income, 3 Yr. CAGR %	-	-	-	42.67	9.93
Normalized Net Income, 3 Yr. CAGR %	-	-	-	37.32	8.01
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	42.67	9.93
Accounts Receivable, 3 Yr. CAGR %	-	-	-	17.92	2.74
Inventory, 3 Yr. CAGR %	-	-	-	12.77	-3.33
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	1.25	1.7
Total Assets, 3 Yr. CAGR %	-	-	-	4.33	1.76
Tangible Book Value, 3 Yr. CAGR %	-	-	-	3.98	0.3
Common Equity, 3 Yr. CAGR %	-	-	-	3.98	0.3
Cash From Operations, 3 Yr. CAGR %	-	-	-	-3.62	24.72
Capital Expenditures, 3 Yr. CAGR %	-	-	-	13.2	38.08
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	41.23
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	38.79