Income Statement Alcomet AD

Stocks

ALCM

BG11ALSUAT14

Aluminum

End-of-day quote Bulgaria S.E. 2026-09-30			5-day change	1st Jan Change
2.880 ^EUR	+0.70%		0.00%	-4.40%

07-30	Alcomet AD Reports Earnings Results for the Half Year Ended June 30, 2026	CI
04-28	Alcomet AD Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: ALCOMET AD

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (BGN)	2022 (BGN)	2023 (BGN)	2024 (BGN)	2025 (BGN)
Revenues	515M	690M	431M	512M	552M
Total Revenues	515M	690M	431M	512M	552M
Cost of Goods Sold, Total	483M	603M	403M	482M	525M
Gross Profit	32.44M	86.72M	28.41M	29.81M	27.72M
Selling General & Admin Expenses, Total	32.65M	37.89M	31.84M	35.64M	34.89M
Provision for Bad Debts	-	466K	489K	220K	512K
Other Operating Expenses	2.29M	2.41M	2.74M	3.24M	5.57M
Other Operating Expenses, Total	34.94M	40.77M	35.06M	39.1M	40.98M
Operating Income	-2.5M	45.96M	-6.66M	-9.29M	-13.26M
Interest Expense, Total	-1.96M	-2.6M	-4.37M	-6.29M	-5.12M
Interest And Investment Income	-	14K	1K	2K	-
Net Interest Expenses	-1.96M	-2.59M	-4.37M	-6.29M	-5.12M
Currency Exchange Gains (Loss)	-67K	-58K	-318K	632K	-549K
Other Non Operating Income (Expenses)	3.96M	20.36M	4.45M	9.25M	10.19M
EBT, Excl. Unusual Items	-559K	63.66M	-6.89M	-5.7M	-8.73M
Gain (Loss) On Sale Of Assets	-12K	-6K	-17K	-48K	-125K
Asset Writedown	-	-	-	-237K	-
Insurance Settlements	126K	103K	96K	75K	227K
Other Unusual Items	-	-	636K	-	-
EBT, Incl. Unusual Items	-445K	63.76M	-6.18M	-5.9M	-8.63M
Income Tax Expense	-	6.38M	-513K	-481K	-743K
Earnings From Continuing Operations	-445K	57.38M	-5.66M	-5.42M	-7.89M
Net Income to Company	-445K	57.38M	-5.66M	-5.42M	-7.89M
Net Income - (IS)	-445K	57.38M	-5.66M	-5.42M	-7.89M
Net Income to Common Incl Extra Items	-445K	57.38M	-5.66M	-5.42M	-7.89M
Net Income to Common Excl. Extra Items	-445K	57.38M	-5.66M	-5.42M	-7.89M
Per Share Items
Net EPS - Basic	-0.02	3.2	-0.32	-0.3	-0.44
Basic EPS - Continuing Operations	-0.02	3.2	-0.32	-0.3	-0.44
Basic Weighted Average Shares Outstanding	17.95M	17.95M	17.95M	17.95M	17.95M
Net EPS - Diluted	-0.02	3.2	-0.32	-0.3	-0.44
Diluted EPS - Continuing Operations	-0.02	3.2	-0.32	-0.3	-0.44
Diluted Weighted Average Shares Outstanding	17.95M	17.95M	17.95M	17.95M	17.95M
Normalized Basic EPS	-0.02	2.22	-0.24	-0.2	-0.3
Normalized Diluted EPS	-0.02	2.22	-0.24	-0.2	-0.3
Dividend Per Share	-	0.79	-	-	-
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	16.77M	65.39M	15.93M	14.83M	11.39M
EBITA	-2.5M	45.96M	-6.63M	-9.24M	-13.22M
EBIT	-2.5M	45.96M	-6.66M	-9.29M	-13.26M
EBITDAR	16.87M	65.52M	16.07M	14.99M	11.47M
Effective Tax Rate - (Ratio)	-	10	8.3	8.15	8.61
Current Domestic Taxes	-	6.38M	547K	454K	408K
Total Current Taxes	-	6.38M	547K	454K	408K
Deferred Domestic Taxes	-	-	-1.06M	-935K	-1.15M
Total Deferred Taxes	-	-	-1.06M	-935K	-1.15M
Normalized Net Income	-349K	39.79M	-4.31M	-3.56M	-5.46M
Interest on Long-Term Debt	1.25M	-	105K	86K	-
Supplemental Operating Expense Items
Advertising Expense	-	405K	102K	428K	67K
Selling and Marketing Expenses	17.77M	22.65M	16.58M	19.49M	18.15M
General and Administrative Expenses	14.78M	15.1M	15.1M	15.96M	16.66M
Net Rental Expense, Total	97K	133K	142K	160K	82K
Imputed Operating Lease Interest Expense	9.48K	15.82K	33.64K	51.89K	16.62K
Imputed Operating Lease Depreciation	87.52K	117K	108K	108K	65.38K
Maintenance & Repair Expenses, Total	476K	608K	743K	809K	763K

Fiscal Period: December	2021 (BGN)	2022 (BGN)	2023 (BGN)	2024 (BGN)	2025 (BGN)
Assets
Cash And Equivalents	919K	962K	249K	2.61M	2.6M
Trading Asset Securities, Total	-	1.57M	-	-	-
Total Cash And Short Term Investments	919K	2.53M	249K	2.61M	2.6M
Accounts Receivable, Total	81.77M	79.12M	58.01M	68.71M	78.7M
Other Receivables	8.99M	8.68M	5.41M	7.64M	12.12M
Notes Receivable	2K	2K	2K	2K	127K
Total Receivables	90.76M	87.8M	63.43M	76.36M	90.95M
Inventory	119M	127M	115M	137M	125M
Other Current Assets, Total	3.37M	8.02M	2.5M	7.48M	2.6M
Total Current Assets	214M	226M	181M	223M	221M
Gross Property Plant And Equipment	442M	494M	525M	555M	615M
Accumulated Depreciation	-206M	-226M	-248M	-273M	-298M
Net Property Plant And Equipment	235M	268M	276M	282M	318M
Long-term Investments	6K	6K	1K	6K	-
Other Intangibles, Total	847K	1.49M	1.42M	811K	379K
Loans Receivable Long-Term	2.26M	2.26M	-	-	-
Deferred Tax Assets Long-Term	308K	-	-	-	-
Other Long-Term Assets, Total	2.83M	2.83M	2.83M	2.59M	2.7M
Total Assets	455M	501M	462M	509M	542M
Liabilities
Accounts Payable, Total	40.56M	12.17M	16.08M	19.71M	16.74M
Accrued Expenses, Total	4.37M	7.08M	6.19M	6.72M	8.16M
Short-term Borrowings	129M	103M	95.52M	139M	162M
Current Portion of Long-Term Debt	13.95M	14.45M	8.81M	7.63M	7.63M
Current Portion of Leases	2.23M	2.23M	3.05M	1.46M	-
Current Income Taxes Payable	-	1.18M	87K	334K	97K
Unearned Revenue Current, Total	130K	130K	133K	150K	227K
Other Current Liabilities	9.87M	248K	2.68M	9.77M	1.71M
Total Current Liabilities	200M	140M	133M	185M	196M
Long-Term Debt	38.1M	35.48M	26.36M	27.14M	32.31M
Long-Term Leases	6.76M	5.28M	1.46M	-	27.33M
Unearned Revenue Non Current	995K	1.63M	1.62M	1.97M	1.67M
Pension & Other Post Retirement Benefits	779K	602K	728K	697K	683K
Deferred Tax Liability Non Current	6.51M	10.17M	9.45M	8.54M	7.3M
Total Liabilities	253M	193M	172M	223M	266M
Common Stock, Total	17.95M	17.95M	17.95M	17.95M	17.95M
Retained Earnings	76.03M	134M	113M	108M	99.61M
Comprehensive Income and Other	108M	156M	159M	160M	159M
Total Common Equity	202M	308M	290M	286M	276M
Total Equity	202M	308M	290M	286M	276M
Total Liabilities And Equity	455M	501M	462M	509M	542M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	17.95M	17.95M	17.95M	17.95M	17.95M
ECS Total Common Shares Outstanding	17.95M	17.95M	17.95M	17.95M	17.95M
Book Value / Share	11.26	17.13	16.15	15.91	15.38
Tangible Book Value	201M	306M	289M	285M	276M
Tangible Book Value Per Share	11.21	17.05	16.07	15.87	15.36
Total Debt	190M	160M	135M	175M	229M
Net Debt	189M	157M	135M	172M	226M
Debt Equivalent Oper. Leases	776K	1.06M	1.14M	1.28M	656K
Equity Method Investments, Total	6K	6K	1K	6K	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	19.21M	26.16M	21.98M	36.73M	37.77M
Inventories - Work In Process, Total	60.06M	61.2M	52.6M	51.84M	52.03M
Inventories - Finished Goods, Total	39.31M	40.09M	35.58M	42.1M	35.06M
Inventories - Others	-	-	5.14M	5.88M	-
Land - (BS)	88.08M	103M	111M	111M	111M
Machinery, Total	327M	365M	386M	404M	416M
Full Time Employees	1.21K	1.13K	1.2K	1.29K	1.34K

Fiscal Period: December	2021 (BGN)	2022 (BGN)	2023 (BGN)	2024 (BGN)	2025 (BGN)
Net Income	-445K	57.38M	-5.66M	-5.42M	-7.89M
Depreciation & Amortization - CF	19.27M	19.8M	23.1M	24.62M	25.13M
Amortization of Goodwill and Intangible Assets - (CF)	2K	6K	30K	48K	31K
Depreciation & Amortization, Total	19.27M	19.8M	23.12M	24.66M	25.16M
Amortization of Deferred Charges, Total - (CF)	213K	318K	382K	561K	401K
(Gain) Loss From Sale Of Asset	11K	5K	17K	48K	125K
Asset Writedown & Restructuring Costs	53K	1.3M	505K	315K	-104K
Provision and Write-off of Bad Debts	-	-	-147K	122K	-
Other Operating Activities, Total	-272K	1.41M	-14.76M	-1.12M	-1.14M
Change In Accounts Receivable	-35.73M	4.3M	23.15M	-18.38M	-9.71M
Change In Inventories	-34.91M	-7.72M	20.18M	-21.24M	11.68M
Change in Other Net Operating Assets	8.31M	-35.81M	-123K	13.26M	-18.05M
Cash from Operations	-43.49M	40.99M	46.66M	-7.2M	472K
Capital Expenditure	-18.08M	-10.65M	-23.49M	-30.72M	-54.48M
Sale of Property, Plant, and Equipment	185K	100K	113K	160K	150K
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-17.9M	-10.55M	-23.37M	-30.56M	-54.33M
Long-Term Debt Issued, Total	526M	553M	544M	331M	400M
Total Debt Issued	526M	553M	544M	331M	400M
Long-Term Debt Repaid, Total	-464M	-583M	-568M	-291M	-346M
Total Debt Repaid	-464M	-583M	-568M	-291M	-346M
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Cash from Financing	61.48M	-30.23M	-23.75M	40.14M	53.84M
Net Change in Cash	90K	210K	-463K	2.37M	-18K
Supplemental Items
Cash Interest Paid	1.9M	2.53M	4.68M	6.03M	4.95M
Cash Income Tax Paid (Refund)	-	-	-	-	-
Levered Free Cash Flow	-55.14M	-8.17M	37.39M	-42.88M	-48.19M
Unlevered Free Cash Flow	-53.92M	-6.54M	40.12M	-38.95M	-44.99M
Change In Net Working Capital	53.76M	44.73M	-44.26M	27.64M	7.78M
Net Debt Issued / Repaid	61.48M	-30.23M	-23.75M	40.14M	53.84M

Fiscal Period: December	2021 (BGN)	2022 (BGN)	2023 (BGN)	2024 (BGN)	2025 (BGN)
Profitability
Return on Assets	-0.37	5.96	-0.85	-1.2	-1.58
Return on Total Capital	-0.43	6.68	-0.93	-1.31	-1.72
Return On Equity %	-0.22	22.51	-1.88	-1.88	-2.81
Return on Common Equity	-0.22	22.51	-1.88	-1.88	-2.81
Margin Analysis
Gross Profit Margin %	6.3	12.57	6.59	5.82	5.02
SG&A Margin	6.34	5.49	7.38	6.96	6.32
EBITDA Margin %	3.26	9.48	3.7	2.9	2.06
EBITA Margin %	-0.48	6.66	-1.54	-1.81	-2.39
EBIT Margin %	-0.49	6.66	-1.54	-1.81	-2.4
Income From Continuing Operations Margin %	-0.09	8.32	-1.31	-1.06	-1.43
Net Income Margin %	-0.09	8.32	-1.31	-1.06	-1.43
Net Avail. For Common Margin %	-0.09	8.32	-1.31	-1.06	-1.43
Normalized Net Income Margin	-0.07	5.77	-1	-0.7	-0.99
Levered Free Cash Flow Margin	-10.71	-1.18	8.67	-8.37	-8.72
Unlevered Free Cash Flow Margin	-10.47	-0.95	9.31	-7.61	-8.14
Asset Turnover
Asset Turnover	1.22	1.43	0.89	1.05	1.05
Fixed Assets Turnover	2.18	2.74	1.56	1.83	1.84
Receivables Turnover (Average Receivables)	7.81	8.62	6.64	8.08	7.5
Inventory Turnover (Average Inventory)	4.77	4.88	3.21	3.83	4.01
Short Term Liquidity
Current Ratio	1.07	1.61	1.37	1.21	1.13
Quick Ratio	0.46	0.65	0.48	0.43	0.48
Operating Cash Flow to Current Liabilities	-0.22	0.29	0.35	-0.04	0
Days Sales Outstanding (Average Receivables)	46.73	42.34	54.99	45.3	48.69
Days Outstanding Inventory (Average Inventory)	76.48	74.79	113.65	95.57	90.91
Average Days Payable Outstanding	24.36	18.39	15.15	13.01	12.97
Cash Conversion Cycle (Average Days)	98.85	98.74	153.49	127.86	126.64
Long Term Solvency
Total Debt/Equity	94.01	52.03	46.62	61.28	82.95
Total Debt / Total Capital	48.46	34.22	31.8	37.99	45.34
LT Debt/Equity	22.2	13.26	9.59	9.5	21.6
Long-Term Debt / Total Capital	11.44	8.72	6.54	5.89	11.81
Total Liabilities / Total Assets	55.61	38.58	37.25	43.83	49.03
EBIT / Interest Expense	-1.28	17.65	-1.52	-1.48	-2.59
EBITDA / Interest Expense	8.58	25.26	3.77	2.44	2.33
(EBITDA - Capex) / Interest Expense	-0.67	21.17	-1.6	-2.44	-8.32
Total Debt / EBITDA	11.33	2.43	8.21	11.39	19.25
Net Debt / EBITDA	11.27	2.39	8.19	11.22	19.03
Total Debt / (EBITDA - Capex)	-145.02	2.9	-19.26	-11.4	-5.38
Net Debt / (EBITDA - Capex)	-144.32	2.86	-19.23	-11.23	-5.32
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	49.69	34.24	-37.47	18.77	7.9
Gross Profit, 1 Yr. Growth %	21.26	164.1	-66.71	4.94	-7.01
EBITDA, 1 Yr. Growth %	43.08	311.32	-75.02	-6.89	-23.38
EBITA, 1 Yr. Growth %	-47.89	-1.6K	-114.94	39.53	43.5
EBIT, 1 Yr. Growth %	-47.86	-1.6K	-115.01	39.62	43.09
Earnings From Cont. Operations, 1 Yr. Growth %	-87.5	-41.09K	-110.05	-4.25	45.41
Net Income, 1 Yr. Growth %	-87.5	-41.09K	-110.05	-4.25	45.41
Normalized Net Income, 1 Yr. Growth %	-85.45	-29.85K	-111.11	-8.98	53.33
Diluted EPS Before Extra, 1 Yr. Growth %	-87.5	-41.09K	-110.05	-4.25	45.41
Accounts Receivable, 1 Yr. Growth %	63.21	-2.25	-19.3	18.43	14.55
Inventory, 1 Yr. Growth %	41.72	6.45	-14.9	18.43	-8.55
Net Property, Plant and Equip., 1 Yr. Growth %	-0.81	14.11	-0.39	2.11	12.55
Total Assets, 1 Yr. Growth %	17.89	8.25	-9.67	10.06	6.51
Tangible Book Value, 1 Yr. Growth %	-4.21	51.93	-7.49	-1.31	-3.18
Common Equity, 1 Yr. Growth %	-4.05	52.03	-7.33	-1.52	-3.32
Cash From Operations, 1 Yr. Growth %	-2.4K	-206.15	1.93	-115.44	-106.55
Capital Expenditures, 1 Yr. Growth %	1.91	-51.07	40.85	30.81	77.32
Levered Free Cash Flow, 1 Yr. Growth %	232.75	-86.17	-386.16	-214.71	12.43
Unlevered Free Cash Flow, 1 Yr. Growth %	241.13	-88.69	-450.34	-197.1	15.61
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	21.8	41.6	-8.41	-13.82	13.2
Gross Profit, 2 Yr. CAGR %	-5.21	77.57	-6.99	-40.9	-1.22
EBITDA, 2 Yr. CAGR %	-12	127.81	0.13	-51.77	-15.45
EBITA, 2 Yr. CAGR %	-39.11	251.59	46.77	-54.34	41.28
EBIT, 2 Yr. CAGR %	-39.08	251.52	47.05	-54.21	41.12
Earnings From Cont. Operations, 2 Yr. CAGR %	-77.2	356.89	536.12	-68.98	17.99
Net Income, 2 Yr. CAGR %	-77.2	356.89	536.12	-68.98	17.99
Normalized Net Income, 2 Yr. CAGR %	-75.54	369.51	467.54	-69.71	18.13
Diluted EPS Before Extra, 2 Yr. CAGR %	-77.2	356.89	536.12	-68.98	17.99
Accounts Receivable, 2 Yr. CAGR %	42.31	25.67	-15.34	-2.24	16.47
Inventory, 2 Yr. CAGR %	17.18	23.42	-1.87	0.39	4.07
Net Property, Plant and Equip., 2 Yr. CAGR %	-1.71	6.34	8.43	0.85	7.2
Total Assets, 2 Yr. CAGR %	8.84	13.91	-0.04	-0.29	8.27
Tangible Book Value, 2 Yr. CAGR %	-3.79	20.72	19.73	-4.43	-2.27
Common Equity, 2 Yr. CAGR %	-3.87	20.87	19.77	-4.45	-2.44
Cash From Operations, 2 Yr. CAGR %	-2.22	365.94	9.93	-60.33	-89.94
Capital Expenditures, 2 Yr. CAGR %	-21.43	-22.51	3.87	35.74	52.3
Levered Free Cash Flow, 2 Yr. CAGR %	104.96	-28.28	-20.44	81.15	13.55
Unlevered Free Cash Flow, 2 Yr. CAGR %	97.4	-34.22	-16.72	84.41	5.91
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	12.44	25.72	7.81	-0.12	-7.12
Gross Profit, 3 Yr. CAGR %	-6.69	33.92	1.08	-3.17	-31.26
EBITDA, 3 Yr. CAGR %	-12.34	44.54	8.13	-2.27	-43.69
EBITA, 3 Yr. CAGR %	-40.56	89.68	21.24	44.31	-33.18
EBIT, 3 Yr. CAGR %	-40.54	89.69	21.41	44.53	-33.13
Earnings From Cont. Operations, 3 Yr. CAGR %	-67.99	88.57	27.26	238.37	-48.09
Net Income, 3 Yr. CAGR %	-67.99	88.57	27.26	238.37	-48.09
Normalized Net Income, 3 Yr. CAGR %	-66.78	89.58	33.64	198.56	-47.99
Diluted EPS Before Extra, 3 Yr. CAGR %	-67.99	88.57	27.26	238.38	-48.09
Accounts Receivable, 3 Yr. CAGR %	21.72	25.13	5.01	-5.31	3.06
Inventory, 3 Yr. CAGR %	11.21	13.85	11.28	4.48	-2.68
Net Property, Plant and Equip., 3 Yr. CAGR %	1.06	3.27	5.22	6.28	4.61
Total Assets, 3 Yr. CAGR %	6.79	9.22	6.2	3.22	1.93
Tangible Book Value, 3 Yr. CAGR %	-2.07	12.07	11.18	12.27	-4.03
Common Equity, 3 Yr. CAGR %	-2.05	12.04	11.27	12.22	-4.09
Cash From Operations, 3 Yr. CAGR %	98.46	-3.41	191.29	-42.86	-78.24
Capital Expenditures, 3 Yr. CAGR %	-25.65	-28.62	9.8	12.17	48.39
Levered Free Cash Flow, 3 Yr. CAGR %	4.1	-14.62	33.03	-10.13	54.51
Unlevered Free Cash Flow, 3 Yr. CAGR %	3.95	-22.1	38.44	-12.36	57.79
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	10.7	14.22	3.54	8.08	9.93
Gross Profit, 5 Yr. CAGR %	-8.36	18.43	-6.58	-3.76	0.16
EBITDA, 5 Yr. CAGR %	-15.31	20.98	-8.54	-7.29	-2
EBITA, 5 Yr. CAGR %	-37.38	29.74	-11.03	6.54	28.89
EBIT, 5 Yr. CAGR %	-37.37	29.74	-10.95	6.66	28.94
Earnings From Cont. Operations, 5 Yr. CAGR %	-55.98	30.05	-16.03	-8.72	23.47
Net Income, 5 Yr. CAGR %	-55.98	30.05	-16.03	-8.72	23.47
Normalized Net Income, 5 Yr. CAGR %	-55.48	30.11	-14.68	-9.43	24.77
Diluted EPS Before Extra, 5 Yr. CAGR %	-55.98	30.04	-16.03	-8.72	23.47
Accounts Receivable, 5 Yr. CAGR %	19.18	11.11	5.05	11.22	9.46
Inventory, 5 Yr. CAGR %	16.35	16.68	5.99	9.6	8.34
Net Property, Plant and Equip., 5 Yr. CAGR %	9.59	11.01	3.92	2.98	6.01
Total Assets, 5 Yr. CAGR %	11.89	12.49	4.34	5.77	7.02
Tangible Book Value, 5 Yr. CAGR %	4.1	12.4	6.13	5.56	5.6
Common Equity, 5 Yr. CAGR %	4.18	12.5	6.16	5.49	5.58
Cash From Operations, 5 Yr. CAGR %	10.88	13.54	53.01	-30.83	-24.21
Capital Expenditures, 5 Yr. CAGR %	12.12	-14.58	-11.8	0.96	25.16
Levered Free Cash Flow, 5 Yr. CAGR %	39.68	0.02	-5.22	26.71	24.86
Unlevered Free Cash Flow, 5 Yr. CAGR %	36.22	-2.07	-3.53	22.99	24.37