Income Statement Vipom AD

Stocks

VPOM

BG11VIVIAT15

Industrial Machinery & Equipment

End-of-day quote Bulgaria S.E. Other stock markets 26/05/2026			5-day change	1st Jan Change
4.500 ^EUR	-.--%		-.--%	-1.66%

28/25/28	Vipom AD Reports Earnings Results for the Full Year Ended December 31, 2024	CI
23/24/23	Vipom AD Reports Earnings Results for the Nine Months Ended September 30, 2024	CI

8751191bb8f.ip3WLMVkBoolzRUpBq74xpzVIeLD6oFq3zoGHhjSf-Q.-_ygQYYsf8FzlF4Yf_a-l_PkUqWZjM8hnVRcV1qzELyywodBrilU32j7IQ

Published financial data: VIPOM AD

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	30L	26.89L	38.74L	29.21L	34.73L
Other Revenues, Total	44T	47T	3L	38T	1L
Total Revenues	30.44L	27.36L	41.45L	29.59L	35.79L
Cost of Goods Sold, Total	13.68L	11.64L	15.19L	9L	12.46L
Gross Profit	16.76L	15.72L	26.26L	21.08L	23.33L
Selling General & Admin Expenses, Total	17.71L	17.54L	19.7L	19.14L	19.83L
Depreciation & Amortization - (IS)	2L	2L	1L	1L	1L
Other Operating Expenses	-2L	-3L	4L	6L	6L
Other Operating Expenses, Total	18L	16.39L	24.62L	26.26L	26.61L
Operating Income	-1L	-67T	2L	-5L	-3L
Interest Expense, Total	-1T	-1T	-3T	-2T	-3T
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-1T	-1T	-3T	-2T	-3T
Currency Exchange Gains (Loss)	-6T	-4T	-13T	-6T	-4T
Other Non Operating Income (Expenses)	-12T	-12T	-16T	-16T	-15T
EBT, Excl. Unusual Items	-1L	-84T	1L	-5L	-4L
Gain (Loss) On Sale Of Investments	1T	-	-	-	-
Gain (Loss) On Sale Of Assets	-	1T	-	11T	1T
EBT, Incl. Unusual Items	-1L	-83T	1L	-5L	-3L
Income Tax Expense	4T	26T	36T	-12T	-12T
Earnings From Continuing Operations	-1L	-1L	96T	-5L	-3L
Net Income to Company	-1L	-1L	96T	-5L	-3L
Net Income - (IS)	-1L	-1L	96T	-5L	-3L
Net Income to Common Incl Extra Items	-1L	-1L	96T	-5L	-3L
Net Income to Common Excl. Extra Items	-1L	-1L	96T	-5L	-3L
Per Share Items
Net EPS - Basic	-0.49	-0.36	0.32	-1.74	-1.13
Basic EPS - Continuing Operations	-0.49	-0.36	0.32	-1.74	-1.13
Basic Weighted Average Shares Outstanding	3L	3L	3L	3L	3L
Net EPS - Diluted	-0.49	-0.36	0.32	-1.74	-1.13
Diluted EPS - Continuing Operations	-0.49	-0.36	0.32	-1.74	-1.13
Diluted Weighted Average Shares Outstanding	3L	3L	3L	3L	3L
Normalized Basic EPS	-0.3	-0.18	0.28	-1.13	-0.73
Normalized Diluted EPS	-0.3	-0.18	0.28	-1.13	-0.73
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	99T	1L	3L	-4L	-2L
EBITA	-1L	-67T	2L	-5L	-3L
EBIT	-1L	-67T	2L	-5L	-3L
EBITDAR	1L	1L	4L	-4L	-2L
Total Revenues (As Reported)	33.77L	31.92L	43.73L	30.14L	36.24L
Effective Tax Rate - (Ratio)	-2.82	-31.33	27.27	2.26	3.44
Total Current Taxes	1T	20T	59T	29T	45T
Total Deferred Taxes	3T	6T	-23T	-41T	-57T
Normalized Net Income	-89.38T	-52.5T	82.5T	-3L	-2L
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	-	-	-	-	-
Net Rental Expense, Total	33T	23T	47T	9T	9T
Maintenance & Repair Expenses, Total	8T	6T	18T	16T	6T

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	18.34L	18.86L	22.4L	6L	5L
Total Cash And Short Term Investments	18.34L	18.86L	22.4L	6L	5L
Accounts Receivable, Total	2L	1L	3L	2L	2L
Other Receivables	4T	18T	19T	24T	5T
Total Receivables	2L	2L	3L	2L	2L
Inventory	33.7L	33.55L	31.38L	28.62L	25.42L
Prepaid Expenses	6T	1T	5T	1T	-
Other Current Assets, Total	7T	7T	7T	12T	11T
Total Current Assets	53.83L	54.14L	56.95L	36.36L	32.37L
Gross Property Plant And Equipment	87.02L	86.99L	86.22L	99.55L	1Cr
Accumulated Depreciation	-56.74L	-58.53L	-58.65L	-60.03L	-61.12L
Net Property Plant And Equipment	30.28L	28.46L	27.57L	39.52L	39.21L
Other Intangibles, Total	0	-	-	-	-
Deferred Tax Assets Long-Term	73T	66T	89T	1L	2L
Total Assets	84.84L	83.26L	85.41L	76.9L	73.17L
Liabilities
Accounts Payable, Total	3L	3L	3L	2L	3L
Accrued Expenses, Total	1L	96T	2L	71T	66T
Current Income Taxes Payable	-	-	31T	29T	-
Unearned Revenue Current, Total	3L	2L	2L	2L	1L
Other Current Liabilities	53T	58T	64T	45T	77T
Total Current Liabilities	7L	7L	7L	5L	5L
Pension & Other Post Retirement Benefits	2L	2L	2L	2L	2L
Total Liabilities	9L	9L	9L	7L	7L
Common Stock, Total	3L	3L	3L	3L	3L
Retained Earnings	73.66L	72.57L	73.53L	68.34L	64.97L
Comprehensive Income and Other	-1L	-1L	-50T	-2L	-2L
Total Common Equity	75.44L	74.44L	76.02L	69.72L	66.09L
Total Equity	75.44L	74.44L	76.02L	69.72L	66.09L
Total Liabilities And Equity	84.84L	83.26L	85.41L	76.9L	73.17L
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3L	3L	3L	3L	3L
ECS Total Common Shares Outstanding	3L	3L	3L	3L	3L
Book Value / Share	25.22	24.89	25.64	23.31	22.09
Tangible Book Value	75.44L	74.44L	76.02L	69.72L	66.09L
Tangible Book Value Per Share	25.22	24.89	25.64	23.31	22.09
Total Debt	0	0	0	0	0
Net Debt	-18.34L	-18.86L	-22.4L	-6L	-5L
Debt Equivalent Oper. Leases	3L	2L	4L	72T	72T
Account Code - Inventory Valuation	6	6	-	6	6
Inventories - Raw Materials, Total	8L	8L	8L	8L	8L
Inventories - Work In Process, Total	4L	4L	3L	5L	4L
Inventories - Finished Goods, Total	27.99L	27.91L	28.03L	29.15L	32.41L
Inventories - Others	48T	48T	48T	47T	47T
Land - (BS)	18.93L	18.93L	18.93L	18.93L	18.93L
Buildings, Total	32.07L	32.05L	32.13L	32.18L	32.19L
Machinery, Total	30.98L	30.97L	34.06L	34.04L	29.83L
Full Time Employees	118	110	-	93	85
Accumulated Allowance for Doubtful Accounts (Supple)	20T	20T	20T	20T	20T

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-1L	-1L	96T	-5L	-3L
Depreciation & Amortization - CF	2L	2L	1L	1L	1L
Depreciation & Amortization, Total	2L	2L	1L	1L	1L
Amortization of Deferred Charges, Total - (CF)	1T	-	-	-	-
Other Operating Activities, Total	85T	-10T	2L	50T	3L
Cash from Operations	2L	63T	4L	-3L	65T
Capital Expenditure	-13T	-	-	-13.27L	-94T
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-13T	-	-	-13.27L	-94T
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Long-Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-	-	-	-	-
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-15T	-17T	-34T	-23T	-15T
Cash from Financing	-15T	-17T	-34T	-23T	-15T
Foreign Exchange Rate Adjustments	-20T	-	-	3T	-3T
Miscellaneous Cash Flow Adjustments	-10T	6T	-	-	-
Net Change in Cash	1L	52T	4L	-16.75L	-47T
Supplemental Items
Cash Interest Paid	15T	-	-	-	15T
Cash Income Tax Paid (Refund)	-	87T	68T	16T	1L
Levered Free Cash Flow	2L	97.5T	4L	-13.35L	2L
Unlevered Free Cash Flow	2L	98.12T	4L	-13.34L	2L
Change In Net Working Capital	-92T	42T	-1L	-2L	-4L
Net Debt Issued / Repaid	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-0.9	-0.5	1.22	-3.99	-2.73
Return on Total Capital	-1.01	-0.56	1.36	-4.44	-3.02
Return On Equity %	-1.91	-1.45	1.28	-7.12	-4.96
Return on Common Equity	-1.91	-1.45	1.28	-7.12	-4.96
Margin Analysis
Gross Profit Margin %	55.06	57.46	63.35	71.24	65.19
SG&A Margin	58.18	64.11	47.53	64.68	55.41
EBITDA Margin %	3.25	4.2	7.36	-12.74	-5.67
EBITA Margin %	-4.07	-2.45	3.96	-17.51	-9.16
EBIT Margin %	-4.07	-2.45	3.96	-17.51	-9.16
Income From Continuing Operations Margin %	-4.8	-3.98	2.32	-17.54	-9.42
Net Income Margin %	-4.8	-3.98	2.32	-17.54	-9.42
Net Avail. For Common Margin %	-4.8	-3.98	2.32	-17.54	-9.42
Normalized Net Income Margin	-2.94	-1.92	1.99	-11.45	-6.11
Levered Free Cash Flow Margin	7.39	3.56	9.33	-45.12	5.06
Unlevered Free Cash Flow Margin	7.41	3.59	9.37	-45.07	5.11
Asset Turnover
Asset Turnover	0.35	0.33	0.49	0.36	0.48
Fixed Assets Turnover	0.97	0.93	1.48	0.88	0.91
Receivables Turnover (Average Receivables)	16.17	17.4	17.89	12.76	20.86
Inventory Turnover (Average Inventory)	0.4	0.35	0.47	0.28	0.46
Short Term Liquidity
Current Ratio	7.49	8.25	7.82	6.99	6.17
Quick Ratio	2.78	3.13	3.5	1.46	1.3
Operating Cash Flow to Current Liabilities	0.23	0.1	0.53	-0.63	0.12
Days Sales Outstanding (Average Receivables)	22.63	20.97	20.4	28.61	17.55
Days Outstanding Inventory (Average Inventory)	913.39	1.05T	780.1	1.29T	793.69
Average Days Payable Outstanding	66.62	84.66	74.85	157.43	97.43
Cash Conversion Cycle (Average Days)	869.4	990.71	725.65	1.16T	713.8
Long Term Solvency
Total Liabilities / Total Assets	11.08	10.59	10.99	9.34	9.68
EBIT / Interest Expense	-124	-67	54.67	-259	-109.33
EBITDA / Interest Expense	99	115	101.67	-188.5	-67.67
(EBITDA - Capex) / Interest Expense	86	115	101.67	-852	-99
Net Debt / EBITDA	-18.53	-16.4	-7.34	1.5	2.55
Net Debt / (EBITDA - Capex)	-21.33	-16.4	-7.34	0.33	1.74
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	5.88	-10.12	51.5	-28.61	20.95
Gross Profit, 1 Yr. Growth %	-13.3	-6.21	67.05	-19.73	10.67
EBITDA, 1 Yr. Growth %	47.76	16.16	165.22	-223.61	-46.15
EBITA, 1 Yr. Growth %	-23.93	-45.97	-344.78	-415.85	-36.68
EBIT, 1 Yr. Growth %	-23.93	-45.97	-344.78	-415.85	-36.68
Earnings From Cont. Operations, 1 Yr. Growth %	-28.08	-25.34	-188.07	-640.62	-35.07
Net Income, 1 Yr. Growth %	-28.08	-25.34	-188.07	-640.62	-35.07
Normalized Net Income, 1 Yr. Growth %	-20.56	-41.26	-257.14	-510.61	-35.42
Diluted EPS Before Extra, 1 Yr. Growth %	-28.08	-25.34	-188.07	-640.63	-35.07
Accounts Receivable, 1 Yr. Growth %	-22.49	-9.26	94.56	-39.86	-6.4
Inventory, 1 Yr. Growth %	-2.54	-0.45	-6.47	-8.8	-11.18
Net Property, Plant and Equip., 1 Yr. Growth %	-6.49	-6.01	-3.13	43.34	-0.78
Total Assets, 1 Yr. Growth %	-2.67	-1.86	2.58	-9.96	-4.85
Tangible Book Value, 1 Yr. Growth %	-2.53	-1.33	2.12	-8.29	-5.21
Common Equity, 1 Yr. Growth %	-2.54	-1.33	2.12	-8.29	-5.21
Cash From Operations, 1 Yr. Growth %	-81.48	-61.35	515.87	-184.54	-119.82
Capital Expenditures, 1 Yr. Growth %	1.2T	-	-	-	-92.92
Levered Free Cash Flow, 1 Yr. Growth %	-77.13	-56.64	296.54	-445.3	-113.57
Unlevered Free Cash Flow, 1 Yr. Growth %	-77.06	-56.49	295.92	-443.31	-113.72
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-4.49	-2.45	16.69	4	-7.08
Gross Profit, 2 Yr. CAGR %	-7.72	-9.82	25.17	15.8	-5.74
EBITDA, 2 Yr. CAGR %	-30.34	31.01	75.52	81.06	-18.42
EBITA, 2 Yr. CAGR %	59.08	-35.89	15	178.05	41.42
EBIT, 2 Yr. CAGR %	59.08	-35.89	15	178.05	41.42
Earnings From Cont. Operations, 2 Yr. CAGR %	54.71	-26.72	-18.91	118.21	87.36
Net Income, 2 Yr. CAGR %	54.71	-26.72	-18.91	118.21	87.36
Normalized Net Income, 2 Yr. CAGR %	21.42	-31.69	-3.92	154.02	62.83
Diluted EPS Before Extra, 2 Yr. CAGR %	54.71	-26.72	-18.91	118.21	87.36
Accounts Receivable, 2 Yr. CAGR %	-65.46	-16.13	32.87	8.17	-24.97
Inventory, 2 Yr. CAGR %	3.11	-1.5	-3.5	-7.64	-10
Net Property, Plant and Equip., 2 Yr. CAGR %	-6.02	-6.25	-4.58	17.84	19.26
Total Assets, 2 Yr. CAGR %	-2.28	-2.27	0.34	-3.9	-7.44
Tangible Book Value, 2 Yr. CAGR %	-2.52	-1.93	0.38	-3.22	-6.76
Common Equity, 2 Yr. CAGR %	-2.54	-1.94	0.38	-3.22	-6.76
Cash From Operations, 2 Yr. CAGR %	-20.21	-73.24	54.28	128.17	-59.07
Capital Expenditures, 2 Yr. CAGR %	80.28	-	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	-31.18	-68.51	31.12	270.03	-31.55
Unlevered Free Cash Flow, 2 Yr. CAGR %	-31.84	-68.41	31.26	268.68	-31.37
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-8.86	-6.4	12.97	-0.94	9.37
Gross Profit, 3 Yr. CAGR %	-7.77	-7.22	10.75	7.94	14.07
EBITDA, 3 Yr. CAGR %	-33.98	-17.39	65.73	56.16	20.86
EBITA, 3 Yr. CAGR %	4.39	10.99	0.2	61.05	69.8
EBIT, 3 Yr. CAGR %	4.39	10.99	0.2	61.05	69.8
Earnings From Cont. Operations, 3 Yr. CAGR %	17.5	21.35	-22.09	52.62	45.68
Net Income, 3 Yr. CAGR %	17.5	21.35	-22.09	52.62	45.68
Normalized Net Income, 3 Yr. CAGR %	8.49	-4.68	-9.82	55.91	60.91
Diluted EPS Before Extra, 3 Yr. CAGR %	17.5	21.35	-22.09	52.62	45.68
Accounts Receivable, 3 Yr. CAGR %	-54.52	-52.34	11.02	2.02	3.08
Inventory, 3 Yr. CAGR %	1.58	1.91	-3.18	-5.3	-8.84
Net Property, Plant and Equip., 3 Yr. CAGR %	-6.27	-6.01	-5.22	9.28	11.27
Total Assets, 3 Yr. CAGR %	-4.42	-2.14	-0.68	-3.22	-4.21
Tangible Book Value, 3 Yr. CAGR %	-4.48	-2.12	-0.6	-2.59	-3.89
Common Equity, 3 Yr. CAGR %	-4.49	-2.14	-0.6	-2.59	-3.89
Cash From Operations, 3 Yr. CAGR %	-24.32	-37.33	-23.89	26.25	1.05
Capital Expenditures, 3 Yr. CAGR %	86.63	-	-	367.35	-
Levered Free Cash Flow, 3 Yr. CAGR %	-31.13	-41	-26.74	81.07	22.93
Unlevered Free Cash Flow, 3 Yr. CAGR %	-31.09	-41.31	-26.62	80.85	23.09
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	1.4	-2.45	0.61	-2.38	4.48
Gross Profit, 5 Yr. CAGR %	-2.42	-3.4	4.22	1.38	3.83
EBITDA, 5 Yr. CAGR %	-22.41	-18.91	-2.38	13.07	24.82
EBITA, 5 Yr. CAGR %	-2.81	-11.73	8.51	60.26	15.01
EBIT, 5 Yr. CAGR %	-2.81	-11.73	8.51	60.26	15.01
Earnings From Cont. Operations, 5 Yr. CAGR %	23.9	19.36	1.3	53.45	10.67
Net Income, 5 Yr. CAGR %	23.9	19.36	1.3	53.45	10.67
Normalized Net Income, 5 Yr. CAGR %	3.23	7.32	3.34	41.07	14.22
Diluted EPS Before Extra, 5 Yr. CAGR %	23.9	19.36	1.3	53.45	10.67
Accounts Receivable, 5 Yr. CAGR %	-39.64	-39.98	-30.17	-33.85	-5.08
Inventory, 5 Yr. CAGR %	0.65	-0.34	-0.48	-2.02	-5.97
Net Property, Plant and Equip., 5 Yr. CAGR %	-1.87	-5.04	-5.6	2.89	3.9
Total Assets, 5 Yr. CAGR %	-1.25	-2.8	-2.54	-2.85	-3.44
Tangible Book Value, 5 Yr. CAGR %	-2.43	-2.77	-2.56	-2.56	-3.11
Common Equity, 5 Yr. CAGR %	-2.46	-2.79	-2.57	-2.57	-3.11
Cash From Operations, 5 Yr. CAGR %	-5.39	2.02	0.63	5.08	-40.61
Capital Expenditures, 5 Yr. CAGR %	-8.25	-	-	219.27	148.1
Levered Free Cash Flow, 5 Yr. CAGR %	-	-33.83	-10.9	22.97	-28.7
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-34.23	-10.83	22.41	-28.56