Income Statement Intercapital Property Development ADSIC

Stocks

ICPD

BG1100018057

Diversified REITs

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30/04	Intercapital Property Development ADSIC Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
31/03	Intercapital Property Development ADSIC Reports Earnings Results for the Full Year Ended December 31, 2025	CI

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Published financial data: INTERCAPITAL PROPERTY DEVELOPMENT ADSIC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2022	2023	2024	2025
Revenues	15.16L	9L	91.41L	3L	3L
Other Revenues, Total	-	-	-	-	-
Total Revenues	15.16L	9L	91.41L	3L	3L
Cost of Goods Sold, Total	6L	70T	82.39L	2L	8L
Gross Profit	9L	8L	9L	1L	-5L
Selling General & Admin Expenses, Total	10L	2L	2L	2L	2L
Provision for Bad Debts	-	-	-	-	-
Depreciation & Amortization - (IS)	85T	-	-	-	-
Other Operating Expenses	1L	11.12L	7L	1L	1L
Other Operating Expenses, Total	11.7L	13.15L	9L	3L	3L
Operating Income	-2L	-5L	18T	-2L	-8L
Interest Expense, Total	-11.02L	-9L	-8L	-7L	-8L
Net Interest Expenses	-11.02L	-9L	-8L	-7L	-8L
Currency Exchange Gains (Loss)	-1T	-1T	-1T	-	-4T
Other Non Operating Income (Expenses)	-18T	-4T	-4T	-3T	-3T
EBT, Excl. Unusual Items	-13.52L	-14.59L	-8L	-9L	-15.77L
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	19.32L	13.81L	-	20.51L
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-13.52L	5L	6L	-9L	5L
Income Tax Expense	-	-	-	-	-
Earnings From Continuing Operations	-13.52L	5L	6L	-9L	5L
Net Income to Company	-13.52L	5L	6L	-9L	5L
Net Income - (IS)	-13.52L	5L	6L	-9L	5L
Net Income to Common Incl Extra Items	-13.52L	5L	6L	-9L	5L
Net Income to Common Excl. Extra Items	-13.52L	5L	6L	-9L	5L
Per Share Items
Net EPS - Basic	-0.05	0.02	0.02	-0.03	0.02
Basic EPS - Continuing Operations	-0.05	0.02	0.02	-0.03	0.02
Basic Weighted Average Shares Outstanding	2.78Cr	2.78Cr	2.78Cr	2.78Cr	2.78Cr
Net EPS - Diluted	-0.05	0.02	0.02	-0.03	0.02
Diluted EPS - Continuing Operations	-0.05	0.02	0.02	-0.03	0.02
Diluted Weighted Average Shares Outstanding	2.78Cr	2.78Cr	2.78Cr	2.78Cr	2.78Cr
Normalized Basic EPS	-0.03	-0.03	-0.02	-0.02	-0.04
Normalized Diluted EPS	-0.03	-0.03	-0.02	-0.02	-0.04
Supplemental Items
EBITDA	-1L	-	-	-	-
EBITA	-2L	-5L	18T	-2L	-8L
EBIT	-2L	-5L	18T	-2L	-8L
Total Revenues (As Reported)	16.64L	-	-	-	-
Effective Tax Rate - (Ratio)	-	-	-	-	-
Total Current Taxes	-	-	-	-	-
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	-8L	-9L	-5L	-6L	-10L
Supplemental Operating Expense Items
Net Rental Expense, Total	-	-	31T	-	30T
Imputed Operating Lease Interest Expense	-	-	16.91T	-	15.3T
Imputed Operating Lease Depreciation	-	-	14.09T	-	14.7T

Fiscal Period: December	2020	2022	2023	2024	2025
Assets
Cash And Equivalents	1L	8T	1T	2T	1T
Total Cash And Short Term Investments	1L	8T	1T	2T	1T
Accounts Receivable, Total	34.3L	18.67L	19.74L	14.11L	10.37L
Other Receivables	16.78L	2L	14.83L	2L	5L
Total Receivables	51.08L	20.74L	34.57L	15.66L	15.16L
Inventory	12.39L	-	-	-	-
Prepaid Expenses	93T	-	-	-	-
Other Current Assets, Total	10.41L	26.64L	11.06L	11.11L	-
Total Current Assets	76.09L	47.46L	45.64L	26.79L	15.17L
Gross Property Plant And Equipment	-	2.11Cr	90.15L	84.67L	99.6L
Accumulated Depreciation	-	-5L	-5L	-	-5L
Net Property Plant And Equipment	1.51Cr	2.05Cr	84.67L	84.67L	94.12L
Other Intangibles, Total	-	-	-	-	-
Deferred Tax Assets Long-Term	21T	-	-	-	-
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	2.33Cr	2.89Cr	3.68Cr	3.67Cr	4.16Cr
Total Assets	4.6Cr	5.42Cr	4.98Cr	4.78Cr	5.25Cr
Liabilities
Accounts Payable, Total	5L	21.5L	36.16L	30.1L	40.53L
Accrued Expenses, Total	3L	1L	1L	-	4L
Current Portion of Long-Term Debt	-	4L	2L	-	1.19Cr
Current Portion of Leases	-	-	-	-	-
Current Income Taxes Payable	18T	38T	3L	70T	-
Unearned Revenue Current, Total	27.1L	9L	6L	-	5L
Other Current Liabilities	70.79L	96.05L	31.98L	37.24L	21.58L
Total Current Liabilities	1.06Cr	1.32Cr	80.73L	68.04L	1.9Cr
Long-Term Debt	1.18Cr	1.17Cr	1.17Cr	1.19Cr	-
Long-Term Leases	-	-	-	-	-
Other Non Current Liabilities	39.18L	-	-	-	-
Total Liabilities	2.63Cr	2.49Cr	1.98Cr	1.87Cr	1.9Cr
Common Stock, Total	2.78Cr	2.78Cr	2.78Cr	2.78Cr	2.78Cr
Additional Paid In Capital	76.51L	76.51L	76.51L	76.51L	76.51L
Retained Earnings	-2.31Cr	-1.54Cr	-1.48Cr	-1.57Cr	-1.23Cr
Comprehensive Income and Other	73.81L	92.5L	94.01L	94L	1.03Cr
Total Common Equity	1.97Cr	2.93Cr	3Cr	2.91Cr	3.35Cr
Total Equity	1.97Cr	2.93Cr	3Cr	2.91Cr	3.35Cr
Total Liabilities And Equity	4.6Cr	5.42Cr	4.98Cr	4.78Cr	5.25Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.78Cr	2.78Cr	2.78Cr	2.78Cr	2.78Cr
ECS Total Common Shares Outstanding	2.78Cr	-	2.78Cr	2.78Cr	2.78Cr
Book Value / Share	0.71	1.05	1.08	1.05	1.21
Tangible Book Value	1.97Cr	2.93Cr	3Cr	2.91Cr	3.35Cr
Tangible Book Value Per Share	0.71	1.05	1.08	1.05	1.21
Total Debt	1.18Cr	1.21Cr	1.19Cr	1.19Cr	1.19Cr
Net Debt	1.17Cr	1.21Cr	1.19Cr	1.19Cr	1.19Cr
Debt Equivalent Oper. Leases	-	-	2L	-	2L
Account Code - Inventory Valuation	3	-	6	3	6
Inventories - Raw Materials, Total	6L	-	-	-	-
Inventories - Work In Process, Total	3L	-	-	-	-
Inventories - Finished Goods, Total	4L	-	-	-	-
Land - (BS)	-	92.9L	84.67L	84.67L	94.12L
Buildings, Total	-	-	-	-	-
Machinery, Total	-	4T	4T	-	4T
Full Time Employees	-	-	-	-	-

Fiscal Period: December	2020	2022	2023	2024	2025
Net Income	-13.52L	5L	6L	-9L	5L
Depreciation & Amortization - CF	85T	-	-	-	-
Depreciation & Amortization, Total	85T	-	-	-	-
Other Operating Activities, Total	-1.96Cr	35T	22T	16.27L	2L
Cash from Operations	-2.09Cr	5L	6L	7L	7L
Capital Expenditure	-	-1L	-	-	-
Cash from Investing	-	-1L	-	-	-
Long-Term Debt Issued, Total	-	-	1L	-	-
Total Debt Issued	-	-	1L	-	-
Long-Term Debt Repaid, Total	-	-52T	-	-	-
Total Debt Repaid	-	-52T	-	-	-
Issuance of Common Stock	2.18Cr	-	-	-	-
Other Financing Activities, Total	-9L	-4L	-7L	-7L	-7L
Cash from Financing	2.09Cr	-4L	-6L	-7L	-7L
Net Change in Cash	2T	-10T	-7T	-6T	1T
Supplemental Items
Cash Interest Paid	10.36L	4L	7L	5L	-
Cash Income Tax Paid (Refund)	-	-	-	-	-
Levered Free Cash Flow	-2.19Cr	1.21Cr	-52.3L	9L	9L
Unlevered Free Cash Flow	-2.12Cr	1.27Cr	-47.17L	13.46L	13.5L
Change In Net Working Capital	2.11Cr	-1.31Cr	47.28L	-14.75L	-18.56L
Net Debt Issued / Repaid	-	-52T	1L	-	-

Fiscal Period: December	2020	2022	2023	2024	2025
Profitability
Return on Assets	-0.32	-0.6	0.02	-0.27	-0.98
Return on Total Capital	-0.68	-0.76	0.03	-0.32	-1.13
Return On Equity %	-14.23	1.63	1.93	-3.16	1.44
Return on Common Equity	-14.23	1.63	1.93	-3.16	1.44
Margin Analysis
Gross Profit Margin %	61.94	92	9.87	41.67	-159.24
SG&A Margin	64.51	23.2	2.38	61.11	65.92
EBITDA Margin %	-9.63	-	-	-	-
EBITA Margin %	-15.24	-58.29	0.2	-63.58	-257.64
EBIT Margin %	-15.24	-58.29	0.2	-63.58	-257.64
Income From Continuing Operations Margin %	-89.18	54.06	6.27	-282.1	150.96
Net Income Margin %	-89.18	54.06	6.27	-282.1	150.96
Net Avail. For Common Margin %	-89.18	54.06	6.27	-282.1	150.96
Normalized Net Income Margin	-55.74	-104.21	-5.52	-176.31	-313.89
Levered Free Cash Flow Margin	-1.44T	1.38T	-57.21	279.51	278.58
Unlevered Free Cash Flow Margin	-1.4T	1.45T	-51.6	415.51	430.06
Asset Turnover
Asset Turnover	0.03	0.02	0.18	0.01	0.01
Fixed Assets Turnover	0.1	0.05	0.63	0.04	0.03
Receivables Turnover (Average Receivables)	0.45	0.37	4.76	0.21	0.26
Inventory Turnover (Average Inventory)	0.47	-	-	-	-
Short Term Liquidity
Current Ratio	0.72	0.36	0.57	0.39	0.08
Quick Ratio	0.49	0.16	0.43	0.23	0.08
Operating Cash Flow to Current Liabilities	-1.97	0.04	0.07	0.1	0.04
Days Sales Outstanding (Average Receivables)	816.86	985.92	76.69	1.76T	1.42T
Days Outstanding Inventory (Average Inventory)	785.92	-	-	-	-
Average Days Payable Outstanding	412.62	5.67T	127.72	6.41T	1.8T
Cash Conversion Cycle (Average Days)	1.19T	-	-	-	-
Long Term Solvency
Total Debt/Equity	59.88	41.45	39.78	41.03	35.66
Total Debt / Total Capital	37.45	29.31	28.46	29.09	26.28
LT Debt/Equity	59.88	40.07	39.1	41.03	-
Long-Term Debt / Total Capital	37.45	28.33	27.98	29.09	-
Total Liabilities / Total Assets	57.19	45.97	39.76	39.18	36.22
EBIT / Interest Expense	-0.21	-0.54	0.02	-0.29	-1.06
EBITDA / Interest Expense	-0.13	-	-	-	-
(EBITDA - Capex) / Interest Expense	-0.13	-	-	-	-
Total Debt / EBITDA	-80.8	-	-	-	-
Net Debt / EBITDA	-79.92	-	-	-	-
Total Debt / (EBITDA - Capex)	-80.8	-	-	-	-
Net Debt / (EBITDA - Capex)	-79.92	-	-	-	-
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-72.49	-93.67	944.69	-96.45	-63.99
Gross Profit, 1 Yr. Growth %	-80.93	-89.73	12.05	-98.52	-186.51
EBITDA, 1 Yr. Growth %	-105.58	-	-	-	-
EBITA, 1 Yr. Growth %	-109.13	-110.85	-103.53	-316.84	-559.66
EBIT, 1 Yr. Growth %	-109.13	-110.85	-103.53	-316.84	-559.66
Earnings From Cont. Operations, 1 Yr. Growth %	-31.92	-87.35	21.14	72.78	-76.91
Net Income, 1 Yr. Growth %	-31.92	-87.35	21.14	72.78	-76.91
Normalized Net Income, 1 Yr. Growth %	-772.64	-138.97	-44.62	72.78	168.2
Diluted EPS Before Extra, 1 Yr. Growth %	-32.37	-	21.14	72.78	-76.91
Accounts Receivable, 1 Yr. Growth %	2.79	-34.72	5.73	-17.19	-26.51
Inventory, 1 Yr. Growth %	0	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	-0.55	17.06	-58.79	1.82	8.68
Total Assets, 1 Yr. Growth %	1.44	4.86	-8.08	-1.04	3.77
Tangible Book Value, 1 Yr. Growth %	-2.9T	1.3	2.47	1.18	3.81
Common Equity, 1 Yr. Growth %	-2.9T	1.3	2.47	1.18	3.81
Cash From Operations, 1 Yr. Growth %	-4.26T	-33.33	17.13	2.3	-204.76
Capital Expenditures, 1 Yr. Growth %	-	-	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	-273.97	-308.39	-143.28	-115.86	27.19
Unlevered Free Cash Flow, 1 Yr. Growth %	-256.17	-341.33	-137.22	-125.29	16.01
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-34.71	-24.03	-18.66	-39.15	-81.46
Gross Profit, 2 Yr. CAGR %	-46.01	-7.41	-66.08	-59.05	-76.61
EBITDA, 2 Yr. CAGR %	-56.96	-	-	-	-
EBITA, 2 Yr. CAGR %	-42.51	48.59	-93.81	-36.45	191.82
EBIT, 2 Yr. CAGR %	-42.51	48.59	-93.81	-36.45	191.82
Earnings From Cont. Operations, 2 Yr. CAGR %	-43.93	-40.85	-60.86	39.01	-5.34
Net Income, 2 Yr. CAGR %	-43.93	-40.85	-60.86	39.01	-5.34
Normalized Net Income, 2 Yr. CAGR %	21.76	3.88	-53.54	-20.85	72.66
Diluted EPS Before Extra, 2 Yr. CAGR %	-73.91	-40.85	-	39.01	-5.34
Accounts Receivable, 2 Yr. CAGR %	-3.05	-26.22	-16.92	-13.07	-21.99
Inventory, 2 Yr. CAGR %	0.08	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	6.4	16.78	-30.54	-35.8	6.39
Total Assets, 2 Yr. CAGR %	2.81	8.52	-1.82	-6.05	4.21
Tangible Book Value, 2 Yr. CAGR %	848.44	21.92	1.88	-0.33	7.9
Common Equity, 2 Yr. CAGR %	848.44	21.92	1.88	-0.33	7.9
Cash From Operations, 2 Yr. CAGR %	1.58T	-84.4	-11.63	18.47	0.5
Capital Expenditures, 2 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	349.23	-25.65	-5.03	-72.62	-60.86
Unlevered Free Cash Flow, 2 Yr. CAGR %	1.5T	-22.63	-5.23	-67.41	-49.64
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-34.33	-45.85	82.01	-71.38	-28.94
Gross Profit, 3 Yr. CAGR %	-42.93	-45.32	-1.33	-74.18	-14.68
EBITDA, 3 Yr. CAGR %	-68.6	-	-	-	-
EBITA, 3 Yr. CAGR %	-63.7	-41.37	-57.29	-64.74	16.63
EBIT, 3 Yr. CAGR %	-63.7	-41.37	-57.29	-64.74	16.63
Earnings From Cont. Operations, 3 Yr. CAGR %	57.96	-38.01	-24.89	-37.48	0.07
Net Income, 3 Yr. CAGR %	57.96	-38.01	-24.89	-37.48	0.07
Normalized Net Income, 3 Yr. CAGR %	-50.89	93.62	-15.77	-37.5	2.63
Diluted EPS Before Extra, 3 Yr. CAGR %	-5.15	-38.15	-24.89	-	0.07
Accounts Receivable, 3 Yr. CAGR %	-0.54	-17.6	-16.82	-20.98	-17.8
Inventory, 3 Yr. CAGR %	-3.71	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	3.78	10.69	-17.47	-21.57	-22.91
Total Assets, 3 Yr. CAGR %	-0.68	6.11	2.68	-2.55	-1.06
Tangible Book Value, 3 Yr. CAGR %	67.85	246.65	15.06	0.21	4.56
Common Equity, 3 Yr. CAGR %	67.85	246.65	15.06	0.21	4.56
Cash From Operations, 3 Yr. CAGR %	343.62	0.4	-69.45	-2.19	11.49
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	33.63	-1.29	-37.92	-46.15	-58.32
Unlevered Free Cash Flow, 3 Yr. CAGR %	61.24	-2.22	-39.38	-36.47	-52.59
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-7.4	-30.39	20.78	-43.26	-27.01
Gross Profit, 5 Yr. CAGR %	-12.96	-30.74	-22.47	-51.29	-11.84
EBITDA, 5 Yr. CAGR %	-13.64	-	-	-	-
EBITA, 5 Yr. CAGR %	5.95	-36.21	-51.9	-39.45	28.49
EBIT, 5 Yr. CAGR %	5.95	-36.21	-51.9	-39.45	28.49
Earnings From Cont. Operations, 5 Yr. CAGR %	45.13	6.64	-33.18	-14.38	-18.91
Net Income, 5 Yr. CAGR %	45.13	6.64	-33.18	-14.38	-18.91
Normalized Net Income, 5 Yr. CAGR %	24.94	-33.73	-2.39	35.38	3.13
Diluted EPS Before Extra, 5 Yr. CAGR %	6.87	-21.48	-50.79	-14.49	-18.91
Accounts Receivable, 5 Yr. CAGR %	-8.62	-11.74	-11.56	-15.82	-21.28
Inventory, 5 Yr. CAGR %	-9.91	-	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	3.03	8.8	-8.64	-10.98	-8.98
Total Assets, 5 Yr. CAGR %	-5.06	2.91	2.73	1.07	2.67
Tangible Book Value, 5 Yr. CAGR %	43.79	47.7	167.52	110.56	11.19
Common Equity, 5 Yr. CAGR %	43.74	47.7	167.52	110.56	11.19
Cash From Operations, 5 Yr. CAGR %	123.52	16.28	51.72	7.27	-49.23
Capital Expenditures, 5 Yr. CAGR %	-	155.56	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	59.97	5.7	37.01	-40.9	-47.46
Unlevered Free Cash Flow, 5 Yr. CAGR %	90.68	20.21	124.28	-36.99	-42.33