Income Statement Electromagnetica S.A.

Stocks

ELMA

ROELMAACNOR2

Construction & Engineering

End-of-day quote Bucharest S.E. 24/09/2026			5-day change	1st Jan Change
0.2360 ^RON	-4.84%		-4.84%	-4.84%

08-28	Electromagnetica S.A. Reports Earnings Results for the Half Year Ended June 30, 2026	CI
05-18	Electromagnetica S.A. Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

56d196091666c8fee7e21d0a4a.-e4JjwU0enja7iPA1xEOcZ7yhC5PY7t4SDWpd9fS2YE.iJ5x9XZ5Eieqj0n0oiZ2ENCUtVYKLukALkPbGJ7km-PLhV_CN3srPKC5SA

Published financial data: ELECTROMAGNETICA S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (RON)	2022 (RON)	2023 (RON)	2024 (RON)	2025 (RON)
Revenues	341M	232M	195M	97.67M	29.27M
Other Revenues, Total	2.46M	3.78M	699K	-	-
Total Revenues	343M	236M	196M	97.67M	29.27M
Cost of Goods Sold, Total	287M	110M	94.91M	59.16M	6.44M
Gross Profit	56.32M	125M	101M	38.51M	22.83M
Selling General & Admin Expenses, Total	36.06M	39.47M	43.09M	26.57M	9.61M
Depreciation & Amortization - (IS)	8.03M	9.82M	9.28M	10.02M	9.43M
Other Operating Expenses	29.41M	42.65M	60.97M	13.3M	15.86M
Other Operating Expenses, Total	73.5M	91.95M	113M	49.89M	34.9M
Operating Income	-17.18M	33.38M	-12.4M	-11.38M	-12.07M
Interest Expense, Total	-466K	-550K	-7.76K	-12.5K	-22.52K
Interest And Investment Income	47.84K	147K	536K	3.24M	9.65M
Net Interest Expenses	-418K	-403K	528K	3.23M	9.63M
Currency Exchange Gains (Loss)	-27.02K	28.56K	-87.87K	-23.67K	440K
Other Non Operating Income (Expenses)	1.54M	-500K	-376K	-6.58K	-11.96K
EBT, Excl. Unusual Items	-16.08M	32.5M	-12.34M	-8.18M	-2.01M
Gain (Loss) On Sale Of Assets	-	-	-	1.17M	1.26M
Asset Writedown	194K	-4.13M	-23.12M	340K	-15.34M
EBT, Incl. Unusual Items	-15.89M	28.37M	-35.46M	-6.67M	-16.08M
Income Tax Expense	-661K	1.97M	-5.5M	4.32M	-3.33M
Earnings From Continuing Operations	-15.23M	26.41M	-29.96M	-10.99M	-12.75M
Net Income to Company	-15.23M	26.41M	-29.96M	-10.99M	-12.75M
Minority Interest	-62.71K	-34.5K	-28.4K	-71.36K	68.49K
Net Income - (IS)	-15.29M	26.37M	-29.99M	-11.07M	-12.68M
Net Income to Common Incl Extra Items	-15.29M	26.37M	-29.99M	-11.07M	-12.68M
Net Income to Common Excl. Extra Items	-15.29M	26.37M	-29.99M	-11.07M	-12.68M
Per Share Items
Net EPS - Basic	-0.02	0.04	-0.04	-0.02	-0.02
Basic EPS - Continuing Operations	-0.02	0.04	-0.04	-0.02	-0.02
Basic Weighted Average Shares Outstanding	676M	676M	676M	676M	676M
Net EPS - Diluted	-0.02	0.04	-0.04	-0.02	-0.02
Diluted EPS - Continuing Operations	-0.02	0.04	-0.04	-0.02	-0.02
Diluted Weighted Average Shares Outstanding	676M	676M	676M	676M	676M
Normalized Basic EPS	-0.01	0.03	-0.01	-0.01	-0
Normalized Diluted EPS	-0.01	0.03	-0.01	-0.01	-0
Dividend Per Share	-	0	-	-	-
Payout Ratio	-0.48	0.04	-9.07	-0.38	-0.05
Supplemental Items
EBITDA	-9.24M	43.11M	-1.87M	-1.41M	-2.65M
EBITA	-17.03M	33.52M	-12.18M	-11.17M	-11.87M
EBIT	-17.18M	33.38M	-12.4M	-11.38M	-12.07M
EBITDAR	-8.5M	43.56M	-1.34M	-1.18M	-2.52M
Effective Tax Rate - (Ratio)	4.16	6.93	15.52	-64.76	20.73
Total Current Taxes	45.38K	2.86M	984K	138K	566K
Total Deferred Taxes	-706K	-889K	-6.49M	4.18M	-3.9M
Normalized Net Income	-10.11M	20.28M	-7.74M	-5.19M	-1.19M
Interest on Long-Term Debt	748	9.22K	6.29K	12.5K	347
Supplemental Operating Expense Items
Advertising Expense	-	-	169K	84.36K	41.39K
Selling and Marketing Expenses	-	-	169K	84.36K	41.39K
Net Rental Expense, Total	735K	452K	528K	230K	128K
Imputed Operating Lease Interest Expense	10.69M	186K	270K	134K	104K
Imputed Operating Lease Depreciation	-9.95M	265K	258K	96.03K	24.25K
Maintenance & Repair Expenses, Total	402K	337K	394K	652K	821K

Fiscal Period: December	2021 (RON)	2022 (RON)	2023 (RON)	2024 (RON)	2025 (RON)
Assets
Cash And Equivalents	7.09M	15.42M	30.89M	75.7M	101M
Short Term Investments	-	-	-	10M	174K
Total Cash And Short Term Investments	7.09M	15.42M	30.89M	85.7M	101M
Accounts Receivable, Total	71.52M	76.41M	35.41M	12.93M	6.56M
Other Receivables	619K	212K	1.71M	2.38M	1.3M
Total Receivables	72.14M	76.62M	37.13M	15.31M	7.86M
Inventory	18.41M	20.28M	18.75M	7.31M	1.28M
Prepaid Expenses	785K	874K	1.13M	254K	111K
Other Current Assets, Total	1.24M	811K	744K	3.21M	9.89M
Total Current Assets	99.67M	114M	88.64M	112M	120M
Gross Property Plant And Equipment	330M	329M	288M	303M	62.37M
Accumulated Depreciation	-8.45M	-18.04M	-1.69M	-4.87M	-6.2M
Net Property Plant And Equipment	321M	311M	286M	298M	56.17M
Other Intangibles, Total	143K	789K	567K	360K	164K
Accounts Receivable Long-Term	12.92M	7.02M	3.06M	877K	66.22K
Other Long-Term Assets, Total	20.97M	25.08M	27.12M	28.55M	176M
Total Assets	455M	458M	405M	440M	353M
Liabilities
Accounts Payable, Total	26.4M	17.04M	12.46M	5.27M	2.91M
Accrued Expenses, Total	1.23M	4.87M	3.6M	1.96M	440K
Current Portion of Leases	71.08K	75.41K	54.78K	71.3K	45.93K
Current Income Taxes Payable	-	-	-	-	-
Unearned Revenue Current, Total	179K	207K	1.86M	1.01M	1.01M
Other Current Liabilities	29.23M	12.67M	8.83M	7.42M	4.51M
Total Current Liabilities	57.11M	34.85M	26.8M	15.73M	8.91M
Long-Term Leases	136K	82.95K	29.69K	188K	140K
Unearned Revenue Non Current	4.08M	3.92M	3.76M	-	-
Deferred Tax Liability Non Current	23.54M	22.65M	16.21M	29.21M	15.37M
Other Non Current Liabilities	976K	700K	868K	1.72M	2.89M
Total Liabilities	85.85M	62.21M	47.67M	46.85M	27.32M
Common Stock, Total	67.6M	67.6M	67.6M	67.6M	67.6M
Retained Earnings	103M	141M	84.54M	114M	116M
Comprehensive Income and Other	199M	186M	205M	211M	141M
Total Common Equity	369M	395M	357M	393M	325M
Minority Interest	330K	364K	392K	342K	274K
Total Equity	369M	395M	358M	393M	325M
Total Liabilities And Equity	455M	458M	405M	440M	353M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	676M	676M	676M	676M	676M
ECS Total Common Shares Outstanding	676M	676M	676M	676M	676M
Book Value / Share	0.55	0.58	0.53	0.58	0.48
Tangible Book Value	369M	394M	357M	392M	325M
Tangible Book Value Per Share	0.55	0.58	0.53	0.58	0.48
Total Debt	207K	158K	84.48K	259K	186K
Net Debt	-6.88M	-15.26M	-30.8M	-85.45M	-101M
Debt Equivalent Oper. Leases	5.88M	3.61M	4.22M	1.84M	1.02M
Minority Interest, Total (Incl. Fin. Div)	330K	364K	392K	342K	274K
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	12.46M	10.97M	11.22M	8.18M	7.99M
Inventories - Work In Process, Total	2.73M	3.44M	2.06M	564K	60.89K
Inventories - Finished Goods, Total	3.04M	5.43M	13.8M	11.92M	10.99M
Inventories - Others	2.45M	2.78M	987K	970K	995K
Land - (BS)	172M	168M	154M	169M	48.67M
Buildings, Total	130M	131M	114M	121M	2.38M
Machinery, Total	23M	24.35M	15.34M	9.21M	9.25M
Full Time Employees	385	368	350	211	60
Accumulated Allowance for Doubtful Accounts (Supple)	2.75M	3.72M	13.14M	9.87M	9.5M

Fiscal Period: December	2021 (RON)	2022 (RON)	2023 (RON)	2024 (RON)	2025 (RON)
Net Income	-15.29M	26.37M	-29.99M	-11.07M	-12.68M
Depreciation & Amortization - CF	7.88M	9.69M	10.38M	9.82M	9.23M
Amortization of Goodwill and Intangible Assets - (CF)	150K	138K	222K	207K	196K
Depreciation & Amortization, Total	8.03M	9.83M	10.61M	10.02M	9.43M
(Gain) Loss From Sale Of Asset	-	-	-	-1.17M	-562K
Asset Writedown & Restructuring Costs	-194K	4.13M	3.71M	-1.68M	15.34M
Provision and Write-off of Bad Debts	-	-	-	5.01M	-958K
Other Operating Activities, Total	-28.89M	-10.9M	38.44M	-3.69M	-9.88M
Change In Accounts Receivable	-	-	-	27.88M	7.27M
Change In Inventories	-	-	-	6.43M	1.61M
Change in Other Net Operating Assets	-	-	-	-20.85M	7.93M
Cash from Operations	-36.35M	29.43M	22.77M	10.9M	17.48M
Capital Expenditure	-922K	-383K	-5.23M	-1.41M	-79.49K
Sale of Property, Plant, and Equipment	-	50.3K	29.51K	33.63M	3.5M
Other Investing Activities, Total	155K	239K	752K	1.91M	9.65M
Cash from Investing	-767K	-93.05K	-4.45M	34.12M	13.07M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	95.9M	32.72M	1.96M	-	-
Total Debt Issued	95.9M	32.72M	1.96M	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-76.09M	-53.71M	-2.06M	-144K	-70.04K
Total Debt Repaid	-76.09M	-53.71M	-2.06M	-144K	-70.04K
Repurchase of Common Stock	-	-	-	-	-5M
Common Dividends Paid	-74.09K	-11.38K	-2.72M	-42.15K	-6.85K
Common & Preferred Stock Dividends Paid	-74.09K	-11.38K	-2.72M	-42.15K	-6.85K
Other Financing Activities, Total	-22.54K	-8.54K	-42.88K	-12.5K	-22.52K
Cash from Financing	19.72M	-21.01M	-2.85M	-199K	-5.1M
Miscellaneous Cash Flow Adjustments	-1	-1	1	-	-
Net Change in Cash	-17.4M	8.33M	15.47M	44.82M	25.45M
Supplemental Items
Cash Interest Paid	403K	618K	44.35K	12.5K	22.52K
Cash Income Tax Paid (Refund)	43.37K	2.44M	1.62M	117K	171K
Levered Free Cash Flow	-9.96M	22.65M	25.82M	22.08M	1.93M
Unlevered Free Cash Flow	-9.67M	22.99M	25.82M	22.09M	1.95M
Change In Net Working Capital	6.04M	7.31M	-28.19M	-20.59M	-140K
Net Debt Issued / Repaid	19.81M	-20.99M	-90.26K	-144K	-70.04K

Fiscal Period: December	2021 (RON)	2022 (RON)	2023 (RON)	2024 (RON)	2025 (RON)
Profitability
Return on Assets	-2.48	4.57	-1.81	-1.68	-1.9
Return on Total Capital	-3.02	5.31	-2.07	-1.89	-2.1
Return On Equity %	-4.28	6.91	-8	-2.93	-3.55
Return on Common Equity	-4.3	6.91	-8.02	-2.95	-3.53
Margin Analysis
Gross Profit Margin %	16.4	53.17	51.54	39.43	78
SG&A Margin	10.5	16.75	22	27.21	32.84
EBITDA Margin %	-2.69	18.29	-0.96	-1.44	-9.06
EBITA Margin %	-4.96	14.22	-6.22	-11.44	-40.56
EBIT Margin %	-5	14.16	-6.33	-11.65	-41.24
Income From Continuing Operations Margin %	-4.43	11.2	-15.3	-11.26	-43.57
Net Income Margin %	-4.45	11.19	-15.31	-11.33	-43.33
Net Avail. For Common Margin %	-4.45	11.19	-15.31	-11.33	-43.33
Normalized Net Income Margin	-2.95	8.6	-3.95	-5.31	-4.06
Levered Free Cash Flow Margin	-2.9	9.61	13.18	22.61	6.6
Unlevered Free Cash Flow Margin	-2.82	9.75	13.18	22.61	6.65
Asset Turnover
Asset Turnover	0.79	0.52	0.46	0.23	0.07
Fixed Assets Turnover	1.15	0.75	0.66	0.33	0.17
Receivables Turnover (Average Receivables)	5.26	3.14	3.94	4.04	3
Inventory Turnover (Average Inventory)	17.9	5.71	4.11	4.54	1.5
Short Term Liquidity
Current Ratio	1.75	3.27	3.31	7.11	13.52
Quick Ratio	1.39	2.64	2.54	6.42	12.25
Operating Cash Flow to Current Liabilities	-0.64	0.84	0.85	0.69	1.96
Days Sales Outstanding (Average Receivables)	69.42	116.4	92.67	90.58	121.55
Days Outstanding Inventory (Average Inventory)	20.39	63.97	88.81	80.62	243.61
Average Days Payable Outstanding	34.33	65.2	61.99	67.99	3.6K
Cash Conversion Cycle (Average Days)	55.49	115.18	119.5	103.21	-3.24K
Long Term Solvency
Total Debt/Equity	0.06	0.04	0.02	0.07	0.06
Total Debt / Total Capital	0.06	0.04	0.02	0.07	0.06
LT Debt/Equity	0.04	0.02	0.01	0.05	0.04
Long-Term Debt / Total Capital	0.04	0.02	0.01	0.05	0.04
Total Liabilities / Total Assets	18.87	13.59	11.76	10.65	7.74
EBIT / Interest Expense	-36.83	60.69	-1.6K	-910.2	-535.94
EBITDA / Interest Expense	-19.62	78.56	-231.75	-108.59	-117.29
(EBITDA - Capex) / Interest Expense	-21.6	77.86	-905.42	-221.57	-120.82
Total Debt / EBITDA	-0.02	0	-0.05	-0.19	-0.07
Net Debt / EBITDA	0.75	-0.35	17.13	62.93	38.29
Total Debt / (EBITDA - Capex)	-0.02	0	-0.01	-0.09	-0.07
Net Debt / (EBITDA - Capex)	0.68	-0.36	4.39	30.84	37.18
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	20.29	-30.7	-14.91	-49.95	-70.04
Gross Profit, 1 Yr. Growth %	-22.78	136.17	-17.82	-61.58	-40.72
EBITDA, 1 Yr. Growth %	-370.54	-713.88	-104.59	-48.17	87.87
EBITA, 1 Yr. Growth %	286.12	-326.29	-139.01	-14.27	6.26
EBIT, 1 Yr. Growth %	270.66	-323.09	-139.89	-14.14	6.05
Earnings From Cont. Operations, 1 Yr. Growth %	520.87	-273.42	-222.33	-63.3	15.97
Net Income, 1 Yr. Growth %	525.03	-272.48	-222.62	-63.1	14.61
Normalized Net Income, 1 Yr. Growth %	961.38	-300.5	-141.06	-33.14	-80.26
Diluted EPS Before Extra, 1 Yr. Growth %	525.15	-272.48	-222.62	-63.1	14.61
Accounts Receivable, 1 Yr. Growth %	22.96	6.84	-44.39	-63.48	-49.28
Inventory, 1 Yr. Growth %	34.7	10.16	-31.63	-61.03	-82.42
Net Property, Plant and Equip., 1 Yr. Growth %	16.46	-3.26	-7.95	4.32	-81.18
Total Assets, 1 Yr. Growth %	10.74	0.6	-10.49	8.52	-19.83
Tangible Book Value, 1 Yr. Growth %	7.9	6.97	-8.44	9.98	-17.19
Common Equity, 1 Yr. Growth %	7.85	7.14	-8.48	9.9	-17.23
Cash From Operations, 1 Yr. Growth %	-1.98K	-178.7	-22.63	-52.15	60.44
Capital Expenditures, 1 Yr. Growth %	9.16	-58.51	1.27K	-72.97	-94.37
Levered Free Cash Flow, 1 Yr. Growth %	-5.54K	-176.68	-0.05	-12.69	-91.25
Unlevered Free Cash Flow, 1 Yr. Growth %	-4.88K	-178.62	-1.34	-12.67	-91.19
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	15.5	-9.13	-24.12	-34.86	-61.27
Gross Profit, 2 Yr. CAGR %	-16.53	31.08	37.92	-44.01	-52.28
EBITDA, 2 Yr. CAGR %	1.86	255.34	-48.37	-81.41	-1.32
EBITA, 2 Yr. CAGR %	731.75	175.7	-9.31	-40.19	-4.56
EBIT, 2 Yr. CAGR %	751.84	168.39	-8.95	-39.5	-4.58
Earnings From Cont. Operations, 2 Yr. CAGR %	76.14	228.13	40.26	-33	-34.76
Net Income, 2 Yr. CAGR %	76.91	228.34	40.04	-32.73	-34.97
Normalized Net Income, 2 Yr. CAGR %	73.04	361.31	-12.52	-47.55	-60.86
Diluted EPS Before Extra, 2 Yr. CAGR %	76.91	228.37	40.04	-32.73	-34.97
Accounts Receivable, 2 Yr. CAGR %	13.8	14.62	-29.63	-54.93	-56.96
Inventory, 2 Yr. CAGR %	7.38	21.82	0.93	-48.38	-73.82
Net Property, Plant and Equip., 2 Yr. CAGR %	6.1	6.14	-5.63	-2.01	-55.69
Total Assets, 2 Yr. CAGR %	4.07	5.55	-5.6	-1.44	-6.73
Tangible Book Value, 2 Yr. CAGR %	3.12	7.43	-1.61	0.35	-4.57
Common Equity, 2 Yr. CAGR %	3.07	7.49	-1.55	0.29	-4.62
Cash From Operations, 2 Yr. CAGR %	183.15	290.23	-21.97	-39.16	-12.38
Capital Expenditures, 2 Yr. CAGR %	-1.73	-32.7	138.08	92.15	-87.67
Levered Free Cash Flow, 2 Yr. CAGR %	86.48	1.01K	-6.51	-7.55	-72.37
Unlevered Free Cash Flow, 2 Yr. CAGR %	84.28	966.59	-6.04	-8.14	-72.27
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.59	-2.89	-11.8	-34.03	-49.72
Gross Profit, 3 Yr. CAGR %	-16.22	15.74	11.44	-10.14	-42.93
EBITDA, 3 Yr. CAGR %	-12.55	69.18	-18.15	-41.43	-59.81
EBITA, 3 Yr. CAGR %	54.84	414.49	40.32	-8.97	-27.56
EBIT, 3 Yr. CAGR %	62.2	420.5	38.85	-8.72	-27.06
Earnings From Cont. Operations, 3 Yr. CAGR %	50.62	75.22	130.3	-10.29	-19.55
Net Income, 3 Yr. CAGR %	50.78	75.42	130.57	-10.22	-19.66
Normalized Net Income, 3 Yr. CAGR %	28.21	81.75	101.02	-19.97	-60.21
Diluted EPS Before Extra, 3 Yr. CAGR %	50.78	75.42	130.58	-10.22	-19.66
Accounts Receivable, 3 Yr. CAGR %	19.93	11.43	-15.25	-43.45	-53.12
Inventory, 3 Yr. CAGR %	1.16	8.3	11.12	-26.51	-63.95
Net Property, Plant and Equip., 3 Yr. CAGR %	3.2	2.89	1.22	-2.43	-43.46
Total Assets, 3 Yr. CAGR %	2.87	2.9	-0.44	-1.11	-8
Tangible Book Value, 3 Yr. CAGR %	2.26	4.39	1.46	2.11	-5.88
Common Equity, 3 Yr. CAGR %	2.21	4.41	1.48	2.13	-5.92
Cash From Operations, 3 Yr. CAGR %	35.48	86.54	127.54	-33.71	-15.94
Capital Expenditures, 3 Yr. CAGR %	-16.78	-26.28	83.59	15.28	-40.77
Levered Free Cash Flow, 3 Yr. CAGR %	56.25	99.22	420.41	-9.25	-57.87
Unlevered Free Cash Flow, 3 Yr. CAGR %	54.37	100.62	403.65	-8.93	-57.96
Dividend Per Share, 3 Yr. CAGR %	-	7.72	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	7.76	1.09	-7.66	-17.62	-36.59
Gross Profit, 5 Yr. CAGR %	-7.12	12.47	1.06	-13.78	-20.73
EBITDA, 5 Yr. CAGR %	-0.36	46.94	-32.95	-30.82	-4.94
EBITA, 5 Yr. CAGR %	144.71	14.02	21.58	114.49	21.91
EBIT, 5 Yr. CAGR %	111.98	13.23	25.25	116.96	21.1
Earnings From Cont. Operations, 5 Yr. CAGR %	19.01	12.82	46.39	17.5	39.05
Net Income, 5 Yr. CAGR %	19.41	12.73	46.39	17.76	38.97
Normalized Net Income, 5 Yr. CAGR %	17.71	18.18	10.03	8.95	4.51
Diluted EPS Before Extra, 5 Yr. CAGR %	19.41	12.73	46.39	17.76	38.98
Accounts Receivable, 5 Yr. CAGR %	15.69	13.39	-3.1	-25.2	-35.37
Inventory, 5 Yr. CAGR %	0.42	3.09	1.07	-14.47	-37.68
Net Property, Plant and Equip., 5 Yr. CAGR %	1.51	1.29	-0.43	0.9	-27.26
Total Assets, 5 Yr. CAGR %	2.52	2.61	-0.6	0.93	-3
Tangible Book Value, 5 Yr. CAGR %	1.79	4	0.7	2.51	-1
Common Equity, 5 Yr. CAGR %	1.7	3.96	0.69	2.5	-1
Cash From Operations, 5 Yr. CAGR %	40.03	65.42	9.27	19.16	55.34
Capital Expenditures, 5 Yr. CAGR %	-16.44	-35.25	26.72	8.15	-37.67
Levered Free Cash Flow, 5 Yr. CAGR %	0.87	19.62	58.13	50.45	60.17
Unlevered Free Cash Flow, 5 Yr. CAGR %	0.17	19.93	57.92	50.64	57.28
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	-