Income Statement ISPD Network, S.A.

Stocks

ALISP

ES0109429037

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29/05	Ispd Announces Appointment of Albert Llorens as Chief Executive Officer, Effective June 1, 2026	CI
26/03	ISPD Network, S.A. Reports Earnings Results for the Full Year Ended December 31, 2025	CI

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Published financial data: ISPD NETWORK, S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	11Cr	11Cr	14Cr	16Cr	14Cr
Other Revenues, Total	-	-1	-	-	1
Total Revenues	11Cr	11Cr	14Cr	16Cr	14Cr
Cost of Goods Sold, Total	8.78Cr	9.3Cr	12Cr	15Cr	13Cr
Gross Profit	1.78Cr	1.34Cr	1.68Cr	1.03Cr	1.01Cr
Selling General & Admin Expenses, Total	88.84L	75.85L	1.03Cr	81.38L	84.06L
Provision for Bad Debts	-	-	-	-	-
Depreciation & Amortization - (IS)	8L	7L	8L	6L	6L
Amortization of Goodwill and Intangible Assets - (IS)	5L	5L	7L	10.72L	12.37L
Other Operating Expenses	26.51L	-8L	2L	-1L	-7L
Other Operating Expenses, Total	1.28Cr	80.49L	1.21Cr	96.93L	95.79L
Operating Income	50.62L	53.85L	47.2L	6L	6L
Interest Expense, Total	-5L	-8L	-12.3L	-11.33L	-12.9L
Interest And Investment Income	12.37L	37.39T	79.21T	1L	3L
Net Interest Expenses	8L	-8L	-11.51L	-10.15L	-10L
Income (Loss) On Equity Invest.	-	-	-	14.04L	10.75L
Currency Exchange Gains (Loss)	-2L	7L	2L	-2L	-1L
Other Non Operating Income (Expenses)	-	-	-2	2	-
EBT, Excl. Unusual Items	56.27L	53.4L	37.33L	7L	5L
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	34.49T	-9.09T	-	-
Asset Writedown	-	-	-	368	-18.12T
EBT, Incl. Unusual Items	56.27L	53.75L	37.24L	7L	5L
Income Tax Expense	2L	10.07L	9L	11.34L	1L
Earnings From Continuing Operations	54.35L	43.67L	28.67L	-4L	4L
Net Income to Company	54.35L	43.67L	28.67L	-4L	4L
Minority Interest	-1L	51.29T	-14.38T	-86.87T	-67.22T
Net Income - (IS)	53.14L	44.19L	28.53L	-5L	3L
Net Income to Common Incl Extra Items	53.14L	44.19L	28.53L	-5L	3L
Net Income to Common Excl. Extra Items	53.14L	44.19L	28.53L	-5L	3L
Per Share Items
Net EPS - Basic	0.36	0.3	0.19	-0.03	0.02
Basic EPS - Continuing Operations	0.36	0.3	0.19	-0.03	0.02
Basic Weighted Average Shares Outstanding	1.47Cr	1.47Cr	1.47Cr	1.47Cr	1.47Cr
Net EPS - Diluted	0.36	0.3	0.19	-0.03	0.02
Diluted EPS - Continuing Operations	0.36	0.3	0.19	-0.03	0.02
Diluted Weighted Average Shares Outstanding	1.47Cr	1.47Cr	1.47Cr	1.47Cr	1.47Cr
Normalized Basic EPS	0.23	0.23	0.16	0.03	0.02
Normalized Diluted EPS	0.23	0.23	0.16	0.03	0.02
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	53.85L	56.39L	49.74L	22.7L	24.2L
EBITA	51.62L	54.79L	47.54L	6L	6L
EBIT	50.62L	53.85L	47.2L	6L	6L
EBITDAR	54.96L	-	-	-	-
Total Revenues (As Reported)	11Cr	11Cr	14Cr	16Cr	14Cr
Effective Tax Rate - (Ratio)	3.41	18.74	23.01	151.56	28.23
Total Current Taxes	7L	9L	8L	6L	5L
Total Deferred Taxes	-5L	62.02T	12.77T	5L	-3L
Normalized Net Income	33.96L	33.89L	23.19L	4L	3L
Interest on Long-Term Debt	21.8T	17.12T	48.95T	50.89T	34.25T
Supplemental Operating Expense Items
Advertising Expense	8L	9L	8L	10.15L	9L
Selling and Marketing Expenses	8L	9L	8L	10.15L	9L
Research And Development Expense From Footnotes	-	-	-	-	-
Net Rental Expense, Total	1L	-	-	-	-
Imputed Operating Lease Interest Expense	24.34T	-	-	-	-
Imputed Operating Lease Depreciation	87.16T	-	-	-	-
Maintenance & Repair Expenses, Total	9.27T	49.06T	29.69T	45.58T	56.56T

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	2.01Cr	1.9Cr	1.17Cr	65.31L	1.37Cr
Total Cash And Short Term Investments	2.01Cr	1.9Cr	1.17Cr	65.31L	1.37Cr
Accounts Receivable, Total	3.47Cr	3.5Cr	4.68Cr	4.16Cr	3.19Cr
Other Receivables	28.44L	45.32L	92.09L	86.73L	98.49L
Total Receivables	3.76Cr	3.96Cr	5.6Cr	5.03Cr	4.18Cr
Prepaid Expenses	2L	6L	4L	4L	7L
Other Current Assets, Total	2	-1	-	-	-
Total Current Assets	5.79Cr	5.91Cr	6.81Cr	5.72Cr	5.62Cr
Gross Property Plant And Equipment	48.16L	54.57L	58.61L	52.93L	28.93L
Accumulated Depreciation	-32.31L	-32.35L	-32.19L	-33.6L	-18.43L
Net Property Plant And Equipment	15.85L	22.22L	26.42L	19.33L	10.5L
Goodwill	88.57L	85.98L	1.11Cr	98.63L	92.55L
Other Intangibles, Total	16.27L	19.54L	20.04L	30.59L	36.76L
Loans Receivable Long-Term	-	-	-	14.52L	23.92L
Deferred Tax Assets Long-Term	59.15L	50.67L	58.95L	49.58L	46.09L
Other Long-Term Assets, Total	83.34T	1L	2L	1L	2L
Total Assets	7.6Cr	7.71Cr	8.99Cr	7.86Cr	7.74Cr
Liabilities
Accounts Payable, Total	3.84Cr	4.03Cr	4.45Cr	3.87Cr	3.95Cr
Accrued Expenses, Total	82.07L	64.97L	1.03Cr	74.79L	83.47L
Short-term Borrowings	1L	1L	-	-	-
Current Portion of Long-Term Debt	18.5L	32.83L	59.11L	98.48L	1.06Cr
Current Portion of Leases	-	-	-	-	-
Current Income Taxes Payable	12.12L	6L	12.11L	1L	2L
Unearned Revenue Current, Total	14.73L	16.74L	19.58L	16.96L	-
Deferred Tax Liability Current	-	-	-	-	6L
Other Current Liabilities	36.65L	13.35L	43.6L	25.74L	41.2L
Total Current Liabilities	5.49Cr	5.38Cr	6.83Cr	6.04Cr	6.32Cr
Long-Term Debt	1.6Cr	1.38Cr	1.12Cr	1.04Cr	85.62L
Long-Term Leases	14.95T	5.56T	-	-	-
Unearned Revenue Non Current	-	-	-	-	-
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non Current	64.23T	64.31T	81.96T	31.95T	33.86T
Other Non Current Liabilities	26.99L	32.12L	24.85L	29.48L	19.83L
Total Liabilities	7.37Cr	7.08Cr	8.21Cr	7.38Cr	7.38Cr
Common Stock, Total	8L	8L	8L	8L	8L
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	2L	-11.91L	-29.46L	-4L	4L
Treasury Stock	-6L	-7L	-7L	-7L	-7L
Comprehensive Income and Other	25.23L	79.63L	1.07Cr	50.72L	31.04L
Total Common Equity	29.6L	69.27L	78.76L	48L	36.09L
Minority Interest	-6L	-7L	-1L	6.98T	-34.14T
Total Equity	23.16L	62.41L	77.63L	48.07L	35.75L
Total Liabilities And Equity	7.6Cr	7.71Cr	8.99Cr	7.86Cr	7.74Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.47Cr	1.47Cr	1.47Cr	1.47Cr	1.47Cr
ECS Total Common Shares Outstanding	1.47Cr	1.47Cr	1.47Cr	1.47Cr	1.47Cr
Book Value / Share	0.2	0.47	0.54	0.33	0.25
Tangible Book Value	-75.23L	-36.25L	-51.79L	-81.21L	-93.21L
Tangible Book Value Per Share	-0.51	-0.25	-0.35	-0.55	-0.63
Total Debt	1.8Cr	1.72Cr	1.71Cr	2.03Cr	1.91Cr
Net Debt	-21.44L	-17.69L	54.28L	1.37Cr	53.89L
Debt Equivalent Oper. Leases	9L	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	-6L	-7L	-1L	6.98T	-34.14T
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	28.66L	29.24L	28.45L	28.58L	10L
Full Time Employees	483	524	577	544	514
Accumulated Allowance for Doubtful Accounts (Supple)	18.44L	31.23L	32.64L	31.86L	24.35L

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	53.14L	44.19L	28.53L	-5L	3L
Depreciation & Amortization - CF	8L	7L	-3L	2L	2L
Amortization of Goodwill and Intangible Assets - (CF)	1L	93.3T	33.73T	34.04T	29.13T
Depreciation & Amortization, Total	9L	8L	-3L	2L	2L
Amortization of Deferred Charges, Total - (CF)	4L	4L	13.52L	10.17L	11.57L
(Gain) Loss From Sale Of Asset	-	-	-	-14.04L	-10.75L
Asset Writedown & Restructuring Costs	14.09L	1L	-59.32T	-4L	-1L
Provision and Write-off of Bad Debts	15.53L	2L	6L	9L	-4L
Other Operating Activities, Total	-6L	-24.17L	-12.95L	7L	4L
Change In Accounts Receivable	-51.35L	-4L	-1.17Cr	51.57L	96.07L
Change In Accounts Payable	93.15L	19.08L	42.53L	-59.47L	11.74L
Change in Other Net Operating Assets	-17.93L	-25.05L	14.95L	-45.93L	-8L
Cash from Operations	1.13Cr	24.64L	-27.43L	-48.33L	1.05Cr
Capital Expenditure	-7L	-3L	-98.43T	-2L	-14T
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-10.11L	-10.47L	-10.11L	-4L	-
Divestitures	-	-	-	-	4L
Sale (Purchase) of Intangible assets	-2L	-5L	-14.42L	-13.47L	-18.39L
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-19.06L	-18.78L	-25.51L	-19.18L	-14.51L
Long-Term Debt Issued, Total	-	-	-	30.45L	-
Total Debt Issued	-	-	-	30.45L	-
Long-Term Debt Repaid, Total	-13.79L	-12.35L	-15.96L	-10.49L	-12L
Total Debt Repaid	-13.79L	-12.35L	-15.96L	-10.49L	-12L
Repurchase of Common Stock	-6L	-95T	-	-	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-	-	1	-1	-2L
Cash from Financing	-19.49L	-13.3L	-15.96L	19.97L	-13.6L
Foreign Exchange Rate Adjustments	8L	-4L	-4L	-4L	-5L
Miscellaneous Cash Flow Adjustments	27.58L	-	-	1	-1
Net Change in Cash	1.1Cr	-11.49L	-72.44L	-51.9L	72.05L
Supplemental Items
Cash Interest Paid	4L	8L	12.3L	7L	8L
Cash Income Tax Paid (Refund)	12.49L	13.08L	13.1L	8L	58.22T
Levered Free Cash Flow	1.22Cr	-17.02L	-26.4L	-68.39L	93.96L
Unlevered Free Cash Flow	1.25Cr	-12.03L	-18.71L	-61.3L	1.02Cr
Change In Net Working Capital	-89.43L	49.36L	43.23L	61.53L	-1.03Cr
Net Debt Issued / Repaid	-13.79L	-12.35L	-15.96L	19.97L	-12L

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	4.68	4.4	3.53	0.43	0.44
Return on Total Capital	18.45	15.4	12.24	1.44	1.45
Return On Equity %	-877.21	102.07	40.95	-6.14	8.89
Return on Common Equity	-6.47T	89.39	38.55	-7.46	7.26
Margin Analysis
Gross Profit Margin %	16.88	12.62	11.89	6.57	7.05
SG&A Margin	8.41	7.13	7.31	5.21	5.84
EBITDA Margin %	5.1	5.3	3.53	1.45	1.68
EBITA Margin %	4.88	5.15	3.37	0.39	0.41
EBIT Margin %	4.79	5.06	3.35	0.37	0.39
Income From Continuing Operations Margin %	5.14	4.1	2.03	-0.25	0.26
Net Income Margin %	5.03	4.15	2.02	-0.3	0.21
Net Avail. For Common Margin %	5.03	4.15	2.02	-0.3	0.21
Normalized Net Income Margin	3.21	3.18	1.64	0.24	0.19
Levered Free Cash Flow Margin	11.5	-1.6	-1.87	-4.38	6.53
Unlevered Free Cash Flow Margin	11.79	-1.13	-1.33	-3.92	7.09
Asset Turnover
Asset Turnover	1.56	1.39	1.69	1.85	1.84
Fixed Assets Turnover	70.17	55.91	46.26	68.3	96.4
Receivables Turnover (Average Receivables)	3.18	3.05	3.45	3.53	3.91
Short Term Liquidity
Current Ratio	1.05	1.1	1	0.95	0.89
Quick Ratio	1.05	1.09	0.99	0.94	0.88
Operating Cash Flow to Current Liabilities	0.21	0.05	-0.04	-0.08	0.17
Days Sales Outstanding (Average Receivables)	114.69	119.64	105.93	103.6	93.36
Average Days Payable Outstanding	140.14	154.42	124.61	104.31	106.64
Long Term Solvency
Total Debt/Equity	775.87	275.51	220.9	421.88	534.94
Total Debt / Total Capital	88.58	73.37	68.84	80.84	84.25
LT Debt/Equity	689.73	220.59	144.76	217.01	239.47
Long-Term Debt / Total Capital	78.75	58.74	45.11	41.58	37.71
Total Liabilities / Total Assets	96.95	91.9	91.36	93.89	95.38
EBIT / Interest Expense	10.44	6.75	3.84	0.51	0.43
EBITDA / Interest Expense	12.21	7.8	4.52	2.39	2.24
(EBITDA - Capex) / Interest Expense	10.72	7.44	4.44	2.22	2.23
Total Debt / EBITDA	3.04	2.76	3.09	7.49	6.63
Net Debt / EBITDA	-0.36	-0.28	0.98	5.07	1.87
Total Debt / (EBITDA - Capex)	3.46	2.9	3.14	8.06	6.66
Net Debt / (EBITDA - Capex)	-0.41	-0.3	0.99	5.46	1.88
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	93.23	0.7	32.52	10.8	-7.95
Gross Profit, 1 Yr. Growth %	147.16	-24.71	24.85	-38.76	-1.33
EBITDA, 1 Yr. Growth %	-2.1T	4.73	-11.79	-54.37	203.65
EBITA, 1 Yr. Growth %	-1.3T	6.13	-13.23	-87.13	-4.5
EBIT, 1 Yr. Growth %	-1.02T	6.39	-12.35	-87.76	-3.91
Earnings From Cont. Operations, 1 Yr. Growth %	-233.16	-19.64	-34.35	-113.46	-196.55
Net Income, 1 Yr. Growth %	-235.2	-16.85	-35.44	-116.57	-164.59
Normalized Net Income, 1 Yr. Growth %	-236	-0.2	-31.57	-83.58	-29.45
Diluted EPS Before Extra, 1 Yr. Growth %	-236.39	-16.67	-36.67	-116.91	-162.25
Accounts Receivable, 1 Yr. Growth %	9.54	0.95	33.55	-11.02	-23.35
Net Property, Plant and Equip., 1 Yr. Growth %	11.04	40.2	-23.56	-26.82	-45.67
Total Assets, 1 Yr. Growth %	28.39	1.42	16.62	-12.52	-1.6
Tangible Book Value, 1 Yr. Growth %	-34.49	-51.82	116.66	56.8	14.77
Common Equity, 1 Yr. Growth %	-194.74	133.99	13.7	-39.05	-24.8
Cash From Operations, 1 Yr. Growth %	359.51	-78.2	-211.36	76.15	-316.86
Capital Expenditures, 1 Yr. Growth %	7.21T	-59.69	-66.06	96.19	-92.75
Levered Free Cash Flow, 1 Yr. Growth %	130.08	-114	69.6	159.06	-237.39
Unlevered Free Cash Flow, 1 Yr. Growth %	128.15	-109.66	76.8	227.68	-266.42
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	103.47	39.49	15.52	21.17	0.99
Gross Profit, 2 Yr. CAGR %	151.47	36.41	-3.05	-12.56	-22.27
EBITDA, 2 Yr. CAGR %	79.87	357.36	-3.89	-36.56	-30.25
EBITA, 2 Yr. CAGR %	71.39	256.14	-4.04	-66.58	-64.94
EBIT, 2 Yr. CAGR %	69.72	212.09	-3.43	-67.24	-65.7
Earnings From Cont. Operations, 2 Yr. CAGR %	85.05	3.44	-27.37	-70.27	-63.95
Net Income, 2 Yr. CAGR %	83.78	6.03	-26.73	-67.29	-67.28
Normalized Net Income, 2 Yr. CAGR %	71.69	16.5	-17.36	-66.48	-65.97
Diluted EPS Before Extra, 2 Yr. CAGR %	-1.88	6.61	-27.35	-67.28	-67.56
Accounts Receivable, 2 Yr. CAGR %	124.39	5.15	16.11	9.01	-17.41
Net Property, Plant and Equip., 2 Yr. CAGR %	4.29	24.77	29.11	-25.2	-36.94
Total Assets, 2 Yr. CAGR %	69.79	14.11	8.75	1.01	-7.22
Tangible Book Value, 2 Yr. CAGR %	162.06	-43.82	-17.03	84.32	34.15
Common Equity, 2 Yr. CAGR %	-52.69	48.89	63.11	-16.76	-32.3
Cash From Operations, 2 Yr. CAGR %	394.43	0.08	-50.73	40.06	95.45
Capital Expenditures, 2 Yr. CAGR %	105.19	442.77	-63.01	-18.4	-62.29
Levered Free Cash Flow, 2 Yr. CAGR %	238.14	-43.25	-53.4	109.61	88.66
Unlevered Free Cash Flow, 2 Yr. CAGR %	232.13	-53.06	-61.25	140.69	133.52
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	52.73	60.94	37.13	13.92	10.56
Gross Profit, 3 Yr. CAGR %	38.01	68.23	32.44	-16.81	-8.97
EBITDA, 3 Yr. CAGR %	22.31	50.2	164.24	-25.02	-24.57
EBITA, 3 Yr. CAGR %	22.03	46.08	122.44	-50.88	-52.57
EBIT, 3 Yr. CAGR %	21.23	45.25	104.38	-51.49	-53.11
Earnings From Cont. Operations, 3 Yr. CAGR %	34.55	40.13	-11.1	-58.59	-55.98
Net Income, 3 Yr. CAGR %	33.54	41.09	-10.13	-55.36	-58.96
Normalized Net Income, 3 Yr. CAGR %	26.64	43.29	-2.43	-51.78	-57.04
Diluted EPS Before Extra, 3 Yr. CAGR %	-12.22	-7.08	-10.38	-55.31	-59.45
Accounts Receivable, 3 Yr. CAGR %	57.66	71.94	13.88	6.26	-3.06
Net Property, Plant and Equip., 3 Yr. CAGR %	81.23	15.1	22.78	6.85	-32.76
Total Assets, 3 Yr. CAGR %	39.72	42.99	14.94	1.14	0.13
Tangible Book Value, 3 Yr. CAGR %	10.38	49.01	-23.31	2.58	57.4
Common Equity, 3 Yr. CAGR %	-43.32	-19.39	36.09	17.48	-19.53
Cash From Operations, 3 Yr. CAGR %	69.04	74.66	3.71	-24.66	62.03
Capital Expenditures, 3 Yr. CAGR %	-	19.28	115.43	-35.5	-63.59
Levered Free Cash Flow, 3 Yr. CAGR %	83.99	16.97	-20.65	-17.45	82.08
Unlevered Free Cash Flow, 3 Yr. CAGR %	83.98	2.13	-30.03	-21.05	112.83
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	32.9	30.05	36.59	43.67	21.33
Gross Profit, 5 Yr. CAGR %	26.35	14.56	19.83	29.49	7.02
EBITDA, 5 Yr. CAGR %	11.69	13.96	11.07	6.4	55.1
EBITA, 5 Yr. CAGR %	11.82	14.01	10.85	-19.02	6.23
EBIT, 5 Yr. CAGR %	10.33	13.62	10.69	-19.94	0.09
Earnings From Cont. Operations, 5 Yr. CAGR %	20.98	13.31	5.14	-24.63	-38.04
Net Income, 5 Yr. CAGR %	20.44	13.57	5.04	-21.37	-40.01
Normalized Net Income, 5 Yr. CAGR %	13.14	14.51	6.76	-19.86	-35.98
Diluted EPS Before Extra, 5 Yr. CAGR %	-7.09	-12.35	-18.62	-38.79	-40.31
Accounts Receivable, 5 Yr. CAGR %	34.84	31.56	39.5	43.29	0.14
Net Property, Plant and Equip., 5 Yr. CAGR %	44.46	52.82	58.24	5.82	-5.95
Total Assets, 5 Yr. CAGR %	25.93	23.28	26.39	24.43	5.5
Tangible Book Value, 5 Yr. CAGR %	0.32	-5.18	-1.53	49.28	-4.09
Common Equity, 5 Yr. CAGR %	-27.13	-14.82	-13.49	-18.35	2.93
Cash From Operations, 5 Yr. CAGR %	61.26	2.64	3.23	59.9	33.63
Capital Expenditures, 5 Yr. CAGR %	52.59	9.44	-	2.47	7.3
Levered Free Cash Flow, 5 Yr. CAGR %	46.95	3.78	6.23	45.1	12.2
Unlevered Free Cash Flow, 5 Yr. CAGR %	46.94	-3.9	-1.33	40.26	13.32