Income Statement Vipo,

Stocks

1VIP01AE

CS0009005152

Industrial Machinery & Equipment

End-of-day quote Bratislava S.E. 15/12/2025			5-day change	1st Jan Change
68.00 ^EUR	+70.00%		-.--%	-

23/25/23	Vipo, a.s. Reports Earnings Results for the Half Year Ended June 30, 2025	CI
28/25/28	Vipo, a.s. Reports Earnings Results for the Full Year Ended December 31, 2024	CI

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Published financial data: VIPO,

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	1.04Cr	1.28Cr	1.31Cr	1.13Cr	1.33Cr
Other Revenues, Total	-	12.94T	3.1T	21.62T	-1L
Total Revenues	1.04Cr	1.28Cr	1.31Cr	1.13Cr	1.31Cr
Cost of Goods Sold, Total	64.71L	77.06L	75.57L	68.06L	69.88L
Gross Profit	38.8L	50.66L	55.78L	45.32L	61.32L
Selling General & Admin Expenses, Total	36.14L	40.68L	45.2L	53.48L	54.44L
Provision for Bad Debts	4.64T	7.13T	4.85T	10.18T	-
Depreciation & Amortization - (IS)	4L	4L	3L	3L	4L
Other Operating Expenses	-2L	4L	4L	-15.81L	-2L
Other Operating Expenses, Total	38.67L	48.88L	51.78L	40.49L	55.64L
Operating Income	12.83T	2L	4L	5L	6L
Interest Expense, Total	-18.84T	-4.8T	-29.13T	-83.04T	-2L
Interest And Investment Income	626	1.33T	2.86T	3.89T	4.46T
Net Interest Expenses	-18.21T	-3.47T	-26.26T	-79.15T	-1L
Income (Loss) On Equity Invest.	100	-	-	-	-
Currency Exchange Gains (Loss)	-2.71T	-2.37T	62.79T	-8.44T	-71.66T
Other Non Operating Income (Expenses)	-52.26T	-70.27T	-61.47T	-38.74T	-9.47T
EBT, Excl. Unusual Items	-60.24T	1L	4L	4L	3L
Gain (Loss) On Sale Of Assets	2L	37.06T	12.74T	1.2T	-
Other Unusual Items	2L	2L	815	-	-
EBT, Incl. Unusual Items	4L	4L	4L	4L	3L
Income Tax Expense	81.63T	86.59T	97.52T	2L	77.96T
Earnings From Continuing Operations	3L	3L	3L	2L	3L
Net Income to Company	3L	3L	3L	2L	3L
Net Income - (IS)	3L	3L	3L	2L	3L
Net Income to Common Incl Extra Items	3L	3L	3L	2L	3L
Net Income to Common Excl. Extra Items	3L	3L	3L	2L	3L
Per Share Items
Net EPS - Basic	4.72	-	4.48	2.63	4.07
Basic EPS - Continuing Operations	4.72	-	4.48	2.63	4.07
Basic Weighted Average Shares Outstanding	64.75T	-	64.86T	64.88T	64.8T
Net EPS - Diluted	4.72	-	4.48	2.63	4.07
Diluted EPS - Continuing Operations	4.72	-	4.48	2.63	4.07
Diluted Weighted Average Shares Outstanding	64.75T	-	64.86T	64.88T	64.8T
Normalized Basic EPS	-0.58	-	3.61	3.44	3.3
Normalized Diluted EPS	-0.58	-	3.61	3.44	3.3
Dividend Per Share	0.5	-	-	-	-
Payout Ratio	9.94	10.56	10.54	18.07	11.48
Supplemental Items
EBITDA	3L	4L	6L	7L	8L
EBITA	19.27T	2L	4L	5L	6L
EBIT	12.83T	2L	4L	5L	6L
EBITDAR	-	5L	7L	7L	-
Total Revenues (As Reported)	-	1.27Cr	1.31Cr	1.02Cr	-
Effective Tax Rate - (Ratio)	21.08	22.6	25.13	52.37	22.82
Total Current Taxes	6.47T	2L	3L	169	89.66T
Total Deferred Taxes	75.16T	-1L	-2L	2L	-11.69T
Normalized Net Income	-37.65T	63.61T	2L	2L	2L
Supplemental Operating Expense Items
General and Administrative Expenses	-	-	-	-	-
Research And Development Expense From Footnotes	6L	86.79T	6L	12.83L	11.81L
Net Rental Expense, Total	-	56.9T	59.32T	69.38T	-
Imputed Operating Lease Interest Expense	-	1.54T	9.61T	24.23T	-
Imputed Operating Lease Depreciation	-	55.36T	49.71T	45.15T	-
Maintenance & Repair Expenses, Total	29.83T	43.08T	49.6T	72.99T	-

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	73.14L	27.8L	25.9L	7L	10L
Short Term Investments	-	-	-	-	1L
Total Cash And Short Term Investments	73.14L	27.8L	25.9L	7L	10.98L
Accounts Receivable, Total	90.23L	75.87L	72.71L	67.86L	70.47L
Other Receivables	6L	6L	3L	6L	4L
Total Receivables	96.24L	81.51L	75.82L	73.75L	74.58L
Inventory	12.71L	18.31L	16.98L	14.09L	10L
Deferred Tax Assets Current	1L	2L	4L	3L	-
Other Current Assets, Total	2L	1L	1L	2L	54.85T
Total Current Assets	1.85Cr	1.31Cr	1.25Cr	99.12L	95.69L
Gross Property Plant And Equipment	56.91L	58.22L	57.98L	59.24L	59.73L
Accumulated Depreciation	-44.27L	-46.68L	-47.47L	-49.2L	-51L
Net Property Plant And Equipment	12.64L	11.54L	10.5L	10.04L	9L
Long-term Investments	-	-	-	73.44T	77.76T
Other Intangibles, Total	2L	2L	1L	8L	13.98L
Loans Receivable Long-Term	5T	-	-	-	-
Deferred Tax Assets Long-Term	-	-	-	-	3L
Deferred Charges Long-Term	2L	1L	1L	4L	4L
Other Long-Term Assets, Total	-	36.27T	-	4.12T	64.97T
Total Assets	2.02Cr	1.46Cr	1.38Cr	1.23Cr	1.27Cr
Liabilities
Accounts Payable, Total	1.07Cr	53.72L	21.53L	20.62L	-
Accrued Expenses, Total	8L	7L	13.39L	10.93L	7L
Short-term Borrowings	19.28L	9L	19.77L	18.28L	19.56L
Current Income Taxes Payable	59.6T	2L	3L	32.42T	-
Unearned Revenue Current, Total	32.7T	3.5T	1.74T	1.13T	-
Other Current Liabilities	2L	4L	7L	2L	29.17L
Total Current Liabilities	1.37Cr	75.53L	64.89L	52.48L	55.8L
Long-Term Debt	-	-	-	-	-
Unearned Revenue Non Current	1.87T	-	-	-	-
Pension & Other Post Retirement Benefits	13.85T	15.28T	23.3T	68.07T	74.18T
Deferred Tax Liability Non Current	12.39T	12.13T	11.55T	13.25T	-
Other Non Current Liabilities	3L	7L	7L	3L	2L
Total Liabilities	1.4Cr	82.46L	72.37L	56.45L	58.85L
Common Stock, Total	22.03L	22.03L	22.03L	22.03L	22.03L
Retained Earnings	39.36L	41.56L	43.41L	44.05L	45.63L
Comprehensive Income and Other	-9.47T	-9.47T	-9.47T	-1.22T	433
Total Common Equity	61.3L	63.5L	65.35L	66.07L	67.67L
Total Equity	61.3L	63.5L	65.35L	66.07L	67.67L
Total Liabilities And Equity	2.02Cr	1.46Cr	1.38Cr	1.23Cr	1.27Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	62.25T	-	62.25T	62.25T	62.25T
ECS Total Common Shares Outstanding	62.25T	-	62.25T	62.25T	62.25T
Book Value / Share	98.47	-	104.97	106.14	108.7
Tangible Book Value	59.43L	61.87L	63.88L	57.9L	53.68L
Tangible Book Value Per Share	95.46	-	102.62	93.01	86.24
Total Debt	19.28L	9L	19.77L	18.28L	19.56L
Net Debt	-53.86L	-18.8L	-6L	11.22L	9L
Debt Equivalent Oper. Leases	-	5L	5L	6L	-
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	3	-	3	3	3
Inventories - Raw Materials, Total	4L	7L	7L	9L	7L
Inventories - Work In Process, Total	8L	7L	7L	4L	1L
Inventories - Finished Goods, Total	48.48T	50.53T	2L	95.52T	64.1T
Inventories - Others	57.94T	4L	1L	70.84T	32.9T
Land - (BS)	2L	2L	2L	2L	2L
Buildings, Total	28.43L	28.48L	28.48L	28.56L	28.97L
Full Time Employees	129	-	136	133	140
Accumulated Allowance for Doubtful Accounts (Supple)	18.92T	16.13T	9.98T	20.16T	1.49T

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	3L	3L	3L	2L	3L
Depreciation & Amortization - CF	3L	3L	2L	2L	2L
Amortization of Goodwill and Intangible Assets - (CF)	6.44T	1.53T	2.85T	3.48T	7.52T
Depreciation & Amortization, Total	3L	3L	2L	2L	2L
Amortization of Deferred Charges, Total - (CF)	1L	1L	58.33T	96.29T	2L
(Gain) Loss From Sale Of Asset	-1.5T	-	-	-	1.97T
Other Operating Activities, Total	15.61T	6L	-2L	-6L	1L
Change In Accounts Receivable	-39.33L	13.73L	6L	5L	-3L
Change In Inventories	-4L	-6L	1L	3L	5L
Change In Accounts Payable	-	-	-	-10.04L	-
Change in Other Net Operating Assets	95.6L	-52.61L	-21.17L	-	1L
Cash from Operations	59.76L	-31.96L	-10.48L	-4L	10L
Capital Expenditure	-58.11T	-1L	-93.65T	-1L	-71.22T
Sale of Property, Plant, and Equipment	-	-	10T	-	7.5T
Sale (Purchase) of Intangible assets	-17.57T	-8.56T	-67.55T	-10.86L	-7L
Investment in Marketable and Equity Securities, Total	-	-36.27T	-	-65.2T	-12.13T
Net (Increase) Decrease in Loans Originated / Sold - Investing	-5.91T	-84.06T	-37.79T	33.09T	-16.08T
Cash from Investing	-81.59T	-3L	-2L	-12.63L	-8L
Short Term Debt Issued, Total	32.62L	9L	21L	18.28L	26.95L
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	32.62L	9L	21L	18.28L	26.95L
Short Term Debt Repaid, Total	-37.69L	-19.66L	-10.23L	-19.77L	-25.67L
Long-Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-37.69L	-19.66L	-10.23L	-19.77L	-25.67L
Common Dividends Paid	-30.37T	-31.32T	-30.64T	-30.83T	-30.27T
Common & Preferred Stock Dividends Paid	-30.37T	-31.32T	-30.64T	-30.83T	-30.27T
Cash from Financing	-5L	-10.59L	10.46L	-2L	97.25T
Foreign Exchange Rate Adjustments	-1.86T	-55	1.04T	-2.19T	-1.18T
Miscellaneous Cash Flow Adjustments	-	-	-	-	1
Net Change in Cash	53.55L	-45.34L	-2L	-18.84L	3L
Supplemental Items
Cash Interest Paid	18.84T	4.8T	29.13T	83.04T	98.09T
Cash Income Tax Paid (Refund)	73.38T	-90.82T	3L	4L	-1L
Levered Free Cash Flow	56.1L	-39.83L	-13.24L	-11.38L	3L
Unlevered Free Cash Flow	56.21L	-39.8L	-13.05L	-10.86L	4L
Change In Net Working Capital	-52.83L	43.12L	16.5L	4L	-5L
Net Debt Issued / Repaid	-5L	-10.28L	10.77L	-1L	1L

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	0.05	0.64	1.76	2.32	2.85
Return on Total Capital	0.1	1.45	3.17	3.57	4.14
Return On Equity %	5.08	4.75	4.51	2.6	3.94
Return on Common Equity	5.08	4.75	4.51	2.6	3.94
Margin Analysis
Gross Profit Margin %	37.48	39.66	42.47	39.97	46.74
SG&A Margin	34.91	31.85	34.42	47.16	41.5
EBITDA Margin %	2.81	3.43	4.55	5.82	5.92
EBITA Margin %	0.19	1.4	3.06	4.29	4.39
EBIT Margin %	0.12	1.39	3.04	4.26	4.33
Income From Continuing Operations Margin %	2.95	2.32	2.21	1.5	2.01
Net Income Margin %	2.95	2.32	2.21	1.5	2.01
Net Avail. For Common Margin %	2.95	2.32	2.21	1.5	2.01
Normalized Net Income Margin	-0.36	0.5	1.78	1.97	1.63
Levered Free Cash Flow Margin	54.19	-31.19	-10.08	-10.04	2.67
Unlevered Free Cash Flow Margin	54.31	-31.16	-9.94	-9.58	3.38
Asset Turnover
Asset Turnover	0.67	0.73	0.93	0.87	1.05
Fixed Assets Turnover	7.75	10.57	11.92	11.04	13.98
Receivables Turnover (Average Receivables)	1.42	1.54	1.77	1.61	1.92
Inventory Turnover (Average Inventory)	5.98	4.97	4.28	4.38	5.9
Short Term Liquidity
Current Ratio	1.35	1.74	1.92	1.89	1.71
Quick Ratio	1.23	1.45	1.57	1.54	1.53
Operating Cash Flow to Current Liabilities	0.44	-0.42	-0.16	-0.08	0.17
Days Sales Outstanding (Average Receivables)	257.07	237.57	206.49	226.69	190.88
Days Outstanding Inventory (Average Inventory)	61.22	73.46	85.23	83.31	62.01
Average Days Payable Outstanding	310.41	354.53	184.99	118.03	-
Cash Conversion Cycle (Average Days)	7.87	-43.5	106.74	191.97	-
Long Term Solvency
Total Debt/Equity	31.45	14.17	30.26	27.67	28.9
Total Debt / Total Capital	23.93	12.41	23.23	21.67	22.42
LT Debt/Equity	-	-	-	-	-
Long-Term Debt / Total Capital	-	-	-	-	-
Total Liabilities / Total Assets	69.59	56.49	52.55	46.07	46.52
EBIT / Interest Expense	0.68	37.05	13.72	5.82	3.79
EBITDA / Interest Expense	15.44	91.31	20.5	7.95	5.18
(EBITDA - Capex) / Interest Expense	12.35	60.16	17.28	6.19	4.7
Total Debt / EBITDA	6.63	2.05	3.31	2.77	2.52
Net Debt / EBITDA	-18.52	-4.29	-1.03	1.7	1.1
Total Debt / (EBITDA - Capex)	8.29	3.12	3.93	3.55	2.77
Net Debt / (EBITDA - Capex)	-23.15	-6.51	-1.22	2.18	1.22
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-8.36	23.39	2.83	-13.67	19.95
Gross Profit, 1 Yr. Growth %	-7.64	30.57	10.09	-18.74	38.06
EBITDA, 1 Yr. Growth %	-54.86	50.75	36.19	10.53	17.51
EBITA, 1 Yr. Growth %	-94.56	830.95	124.24	21.01	18
EBIT, 1 Yr. Growth %	-96.26	1.29T	124.57	21	17.3
Earnings From Cont. Operations, 1 Yr. Growth %	-21.01	-2.97	-2.01	-41.28	54.54
Net Income, 1 Yr. Growth %	-21.01	-2.97	-2.01	-41.28	54.54
Normalized Net Income, 1 Yr. Growth %	-121.39	-268.94	268.01	-4.67	-4.63
Diluted EPS Before Extra, 1 Yr. Growth %	-24.07	-	-	-41.3	54.75
Accounts Receivable, 1 Yr. Growth %	63.52	-15.91	-4.17	-6.66	3.84
Inventory, 1 Yr. Growth %	42.1	44.14	-7.29	-17.02	-31.94
Net Property, Plant and Equip., 1 Yr. Growth %	-10.26	-8.66	-8.98	-4.42	-13.12
Total Assets, 1 Yr. Growth %	86.05	-27.6	-5.65	-11.03	3.25
Tangible Book Value, 1 Yr. Growth %	7.79	4.12	3.25	-9.37	-7.28
Common Equity, 1 Yr. Growth %	3.88	3.6	2.9	1.11	2.41
Cash From Operations, 1 Yr. Growth %	9.51T	-153.48	-67.22	-58.15	-321.62
Capital Expenditures, 1 Yr. Growth %	-8.1	157.4	-37.39	55.35	-51.04
Levered Free Cash Flow, 1 Yr. Growth %	1.24T	-171.01	-66.77	-14	-127.35
Unlevered Free Cash Flow, 1 Yr. Growth %	1.2T	-170.81	-67.2	-16.78	-136.88
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-15.63	6.34	12.64	-5.78	-0.42
Gross Profit, 2 Yr. CAGR %	-4.33	9.82	19.9	-5.41	5.44
EBITDA, 2 Yr. CAGR %	-43.01	-17.51	43.29	22.69	12.8
EBITA, 2 Yr. CAGR %	-81.42	-28.86	356.9	64.73	17.68
EBIT, 2 Yr. CAGR %	-84.67	-28	457.96	64.84	17.31
Earnings From Cont. Operations, 2 Yr. CAGR %	-14.63	-12.46	-2.49	-24.14	-4.74
Net Income, 2 Yr. CAGR %	-14.63	-12.46	-2.49	-24.14	-4.74
Normalized Net Income, 2 Yr. CAGR %	-64.6	-39.89	149.34	87.3	-6.17
Diluted EPS Before Extra, 2 Yr. CAGR %	-16.3	-	-2.58	-	-4.69
Accounts Receivable, 2 Yr. CAGR %	12.1	17.26	-10.23	-5.42	-2.68
Inventory, 2 Yr. CAGR %	14.32	43.12	15.6	-12.29	-24.85
Net Property, Plant and Equip., 2 Yr. CAGR %	-12.08	-9.46	-8.82	-6.73	-8.87
Total Assets, 2 Yr. CAGR %	29.19	16.06	-17.35	-8.38	-4.15
Tangible Book Value, 2 Yr. CAGR %	4.58	5.94	3.68	-3.27	-8.33
Common Equity, 2 Yr. CAGR %	3.7	3.74	3.25	2.01	1.76
Cash From Operations, 2 Yr. CAGR %	102.35	616.93	-58.13	-62.96	-3.69
Capital Expenditures, 2 Yr. CAGR %	-7.76	53.8	26.95	-1.38	-12.79
Levered Free Cash Flow, 2 Yr. CAGR %	50.42	208.59	-51.43	-46.54	-30.59
Unlevered Free Cash Flow, 2 Yr. CAGR %	50.9	202.86	-51.81	-47.76	-21.84
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	8.85	-4.23	5.16	3.08	0.9
Gross Profit, 3 Yr. CAGR %	7.77	6.12	9.91	5.32	6.57
EBITDA, 3 Yr. CAGR %	-32.05	-21.19	-2.51	31.41	21.01
EBITA, 3 Yr. CAGR %	-67.82	-31.5	4.31	193.42	47.51
EBIT, 3 Yr. CAGR %	-71.7	-31.2	5.19	235.23	47.29
Earnings From Cont. Operations, 3 Yr. CAGR %	-1.28	-10.91	-9.1	-17.66	-3.84
Net Income, 3 Yr. CAGR %	-1.28	-10.91	-9.1	-17.66	-3.84
Normalized Net Income, 3 Yr. CAGR %	-51.69	-40.4	9.97	80.97	49.74
Diluted EPS Before Extra, 3 Yr. CAGR %	-1.24	-	-10.34	-17.71	-
Accounts Receivable, 3 Yr. CAGR %	39.29	1.85	9.63	-9.06	-2.43
Inventory, 3 Yr. CAGR %	5.09	23.5	23.83	3.51	-19.4
Net Property, Plant and Equip., 3 Yr. CAGR %	-12.77	-10.95	-9.3	-7.38	-8.91
Total Assets, 3 Yr. CAGR %	29.18	6.51	8.32	-15.29	-4.65
Tangible Book Value, 3 Yr. CAGR %	3.61	4.42	5.03	-0.87	-4.62
Common Equity, 3 Yr. CAGR %	3.89	3.67	3.46	2.53	2.14
Cash From Operations, 3 Yr. CAGR %	110.45	29.86	156.37	-58.13	-32.75
Capital Expenditures, 3 Yr. CAGR %	-29.26	29.87	13.99	35.79	-21.91
Levered Free Cash Flow, 3 Yr. CAGR %	85.09	17.12	46.81	-41.24	-55.56
Unlevered Free Cash Flow, 3 Yr. CAGR %	83.74	17.26	44.35	-42.19	-51.88
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	1.05	2.57	10.35	-4.85	3.04
Gross Profit, 5 Yr. CAGR %	6	0.47	12.46	1.35	7.86
EBITDA, 5 Yr. CAGR %	-18.39	-15.47	-8.42	-5.92	3.81
EBITA, 5 Yr. CAGR %	-48.9	-22.77	-7	-2.7	10.19
EBIT, 5 Yr. CAGR %	-52.83	-22.57	-6.74	-2.42	10.62
Earnings From Cont. Operations, 5 Yr. CAGR %	-4.26	-7.27	-1.77	-16.46	-7.38
Net Income, 5 Yr. CAGR %	-4.26	-7.27	-1.77	-16.46	-7.38
Normalized Net Income, 5 Yr. CAGR %	-34.56	-29.79	-6.85	-5.77	3.94
Diluted EPS Before Extra, 5 Yr. CAGR %	-4.23	-	-1.78	-17.15	-8.12
Accounts Receivable, 5 Yr. CAGR %	11.54	10.26	16.84	-1.12	5.01
Inventory, 5 Yr. CAGR %	14.87	30.22	9.17	7.7	1.41
Net Property, Plant and Equip., 5 Yr. CAGR %	-9.76	-11.13	-11.21	-9.29	-9.13
Total Assets, 5 Yr. CAGR %	13.9	6.09	8.05	0.29	3.15
Tangible Book Value, 5 Yr. CAGR %	3.86	3.5	3.64	1.28	-0.53
Common Equity, 5 Yr. CAGR %	4.3	3.53	3.64	3	2.78
Cash From Operations, 5 Yr. CAGR %	161.02	10.96	10.32	-21.37	73.3
Capital Expenditures, 5 Yr. CAGR %	-44.83	-17.72	-10.62	16.33	2.41
Levered Free Cash Flow, 5 Yr. CAGR %	36.58	37.35	8.39	-14.42	-3.52
Unlevered Free Cash Flow, 5 Yr. CAGR %	37.38	36.36	7.57	-15.14	0.44