Financial Ratios Armatura SA

Stocks

ARM

ROARMAACNOR7

Industrial Machinery & Equipment

End-of-day quote Bucharest S.E. 2026-09-29			5-day change	1st Jan Change
0.2620 ^RON	0.00%		+13.91%	-79.85%

08-11	Armatura SA Reports Earnings Results for the Half Year Ended June 30, 2026	CI
05-13	Armatura SA Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: ARMATURA SA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (RON)	2022 (RON)	2023 (RON)	2024 (RON)	2025 (RON)
Revenues	2.77M	2.1M	1.82M	1.73M	940K
Total Revenues	2.77M	2.1M	1.82M	1.73M	940K
Cost of Goods Sold, Total	984K	430K	547K	275K	203K
Gross Profit	1.78M	1.66M	1.27M	1.45M	738K
Selling General & Admin Expenses, Total	1.47M	1.28M	1.28M	1.37M	1.53M
Depreciation & Amortization - (IS)	475K	-	-	525K	225K
Amortization of Goodwill and Intangible Assets - (IS)	-	775K	944K	-	-
Other Operating Expenses	1.28M	67.72K	-29.29K	-199K	-106K
Other Operating Expenses, Total	3.22M	2.12M	2.2M	1.69M	1.65M
Operating Income	-1.44M	-460K	-922K	-241K	-916K
Interest Expense, Total	-246K	-18.64K	-12.62K	-6.33K	-420
Interest And Investment Income	-	51.32K	420K	265K	128K
Net Interest Expenses	-246K	32.68K	407K	259K	127K
Currency Exchange Gains (Loss)	-572K	-40.69K	560	-477	-442
Other Non Operating Income (Expenses)	0	-394K	-	-	-1
EBT, Excl. Unusual Items	-2.26M	-862K	-515K	17.77K	-789K
Gain (Loss) On Sale Of Assets	18.73M	-	-	-	-
Legal Settlements	-	-	-	-	-
EBT, Incl. Unusual Items	16.48M	-862K	-515K	17.77K	-789K
Income Tax Expense	283K	23.81K	-8.45K	4.95K	27.29K
Earnings From Continuing Operations	16.19M	-886K	-506K	12.82K	-817K
Net Income to Company	16.19M	-886K	-506K	12.82K	-817K
Net Income - (IS)	16.19M	-886K	-506K	12.82K	-817K
Net Income to Common Incl Extra Items	16.19M	-886K	-506K	12.82K	-817K
Net Income to Common Excl. Extra Items	16.19M	-886K	-506K	12.82K	-817K
Per Share Items
Net EPS - Basic	0.4	-0.02	-0.01	0	-0.02
Basic EPS - Continuing Operations	0.4	-0.02	-0.01	0	-0.02
Basic Weighted Average Shares Outstanding	40M	40M	40M	40M	40M
Net EPS - Diluted	0.4	-0.02	-0.01	0	-0.02
Diluted EPS - Continuing Operations	0.4	-0.02	-0.01	0	-0.02
Diluted Weighted Average Shares Outstanding	40M	40M	40M	40M	40M
Normalized Basic EPS	-0.04	-0.01	-0.01	0	-0.01
Normalized Diluted EPS	-0.04	-0.01	-0.01	0	-0.01
Supplemental Items
EBITDA	-1.03M	26.17K	-882K	-216K	-895K
EBITA	-1.44M	-460K	-922K	-241K	-916K
EBIT	-1.44M	-460K	-922K	-241K	-916K
EBITDAR	-991K	26.78K	-882K	-216K	-
Effective Tax Rate - (Ratio)	1.72	-2.76	1.64	27.84	-3.46
Total Current Taxes	3.22M	-	-	-	-
Total Deferred Taxes	-2.93M	23.81K	-	-	-
Normalized Net Income	-1.41M	-539K	-322K	11.11K	-493K
Interest on Long-Term Debt	-	-	-	-	-
Supplemental Operating Expense Items
Advertising Expense	23.95K	16.73K	26.87K	21.26K	27.64K
Selling and Marketing Expenses	-	-	-	-	-
Net Rental Expense, Total	42.66K	611	69	26	-
Imputed Operating Lease Interest Expense	6.13K	115	12	3	-
Imputed Operating Lease Depreciation	36.54K	496	57	23	-
Maintenance & Repair Expenses, Total	73.46K	23.75K	40.82K	34.8K	39.87K

Fiscal Period: December	2021 (RON)	2022 (RON)	2023 (RON)	2024 (RON)	2025 (RON)
Assets
Cash And Equivalents	658K	7.85M	7.44M	6.49M	6.3M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	658K	7.85M	7.44M	6.49M	6.3M
Accounts Receivable, Total	11.76M	527K	509K	555K	291K
Other Receivables	48.77K	-	-	-	-
Total Receivables	11.8M	527K	509K	555K	291K
Inventory	1.48K	-	-	1.42K	400
Deferred Tax Assets Current	177K	153K	164K	157K	129K
Other Current Assets, Total	8.68K	-	-	-	-
Total Current Assets	12.65M	8.53M	8.11M	7.2M	6.72M
Gross Property Plant And Equipment	4.08M	3.5M	2.56M	4.5M	91.52K
Accumulated Depreciation	-2.65M	-3.01M	-1.73M	-4.38M	-74.39K
Net Property Plant And Equipment	1.44M	492K	825K	112K	17.13K
Other Intangibles, Total	294	-	-	-	-
Other Long-Term Assets, Total	-	-	-	-	-20
Total Assets	14.09M	9.03M	8.94M	7.31M	6.74M
Liabilities
Accounts Payable, Total	247K	185K	170K	23.34K	25.36K
Accrued Expenses, Total	79.7K	84.14K	122K	62.91K	-
Short-term Borrowings	-	-	-	-	-
Current Portion of Leases	797K	8.59K	401K	13.86K	442
Current Income Taxes Payable	3.22M	-	-	-	-
Other Current Liabilities	420K	306K	304K	267K	141
Total Current Liabilities	4.76M	583K	997K	367K	25.94K
Long-Term Leases	392K	392K	397K	-	-
Unearned Revenue Non Current	-	-	-	-	-
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	5.15M	975K	1.39M	367K	25.94K
Common Stock, Total	18.11M	18.11M	18.11M	18.11M	4M
Retained Earnings	-10.48M	-11.37M	-11.87M	-12.47M	-12.7M
Comprehensive Income and Other	1.3M	1.3M	1.3M	1.3M	15.42M
Total Common Equity	8.94M	8.05M	7.54M	6.95M	6.71M
Total Equity	8.94M	8.05M	7.54M	6.95M	6.71M
Total Liabilities And Equity	14.09M	9.03M	8.94M	7.31M	6.74M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	40M	40M	40M	40M	40M
ECS Total Common Shares Outstanding	40M	40M	40M	40M	40M
Book Value / Share	0.22	0.2	0.19	0.17	0.17
Tangible Book Value	8.94M	8.05M	7.54M	6.95M	6.71M
Tangible Book Value Per Share	0.22	0.2	0.19	0.17	0.17
Total Debt	1.19M	401K	798K	13.86K	442
Net Debt	531K	-7.45M	-6.64M	-6.47M	-6.3M
Debt Equivalent Oper. Leases	341K	4.89K	552	208	-
Account Code - Inventory Valuation	5	3	3	3	3
Inventories - Raw Materials, Total	1.48K	-	-	1.02K	-
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	-	-	-	-	-
Inventories - Others	-	-	-	400	400
Land - (BS)	-	-	-	-	-
Machinery, Total	2.86M	2.27M	143K	2.29M	91.52K
Full Time Employees	12	7	8	6	2
Accumulated Allowance for Doubtful Accounts (Supple)	728K	-	-	-	-

Fiscal Period: December	2021 (RON)	2022 (RON)	2023 (RON)	2024 (RON)	2025 (RON)
Net Income	16.19M	-886K	-506K	12.82K	-817K
Depreciation & Amortization - CF	440K	775K	906K	525K	225K
Depreciation & Amortization, Total	440K	775K	906K	525K	225K
Amortization of Deferred Charges, Total - (CF)	1.2K	-	-	-	-
(Gain) Loss From Sale Of Asset	-18.73M	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	38.15K	-	-
Provision and Write-off of Bad Debts	-15.56K	-	-	-	-
Other Operating Activities, Total	-39.31K	7.36M	-137K	148K	693K
Change In Accounts Receivable	-1.04M	-	-	-	-
Change In Inventories	1.91M	-	-	-	-
Change In Accounts Payable	813K	-	-	-	-
Cash from Operations	-472K	7.25M	300K	686K	102K
Capital Expenditure	-	-	-	-	-440K
Sale of Property, Plant, and Equipment	93.41K	2.44K	-	2.44K	24.23K
Other Investing Activities, Total	-	51.32K	114K	263K	128K
Cash from Investing	93.41K	53.76K	114K	265K	-288K
Miscellaneous Cash Flow Adjustments	1	-108K	-829K	-1.9M	-
Net Change in Cash	-379K	7.2M	-414K	-952K	-186K
Supplemental Items
Cash Interest Paid	-	-	-	6.33K	420
Levered Free Cash Flow	-17.05M	8.4M	350K	87.67K	-823K
Unlevered Free Cash Flow	-16.9M	8.41M	358K	91.62K	-823K
Change In Net Working Capital	16.44M	-7.92M	-28.9K	283K	35.46K

Fiscal Period: December	2021 (RON)	2022 (RON)	2023 (RON)	2024 (RON)	2025 (RON)
Profitability
Return on Assets	-4	-2.49	-6.42	-1.85	-8.15
Return on Total Capital	-6.19	-3.09	-6.87	-1.97	-8.38
Return On Equity %	1.93K	-10.43	-6.5	0.18	-11.96
Return on Common Equity	1.93K	-10.43	-6.5	0.18	-11.96
Margin Analysis
Gross Profit Margin %	64.46	79.46	69.96	84.08	78.45
SG&A Margin	53.03	61.19	70.39	79.11	163.24
EBITDA Margin %	-37.33	1.25	-48.43	-12.51	-95.18
EBITA Margin %	-52.03	-21.94	-50.63	-13.94	-97.48
EBIT Margin %	-52.03	-21.94	-50.63	-13.94	-97.48
Income From Continuing Operations Margin %	585.03	-42.27	-27.8	0.74	-86.87
Net Income Margin %	585.03	-42.27	-27.8	0.74	-86.87
Net Avail. For Common Margin %	585.03	-42.27	-27.8	0.74	-86.87
Normalized Net Income Margin	-50.99	-25.71	-17.66	0.64	-52.48
Levered Free Cash Flow Margin	-616.11	400.88	19.23	5.07	-87.59
Unlevered Free Cash Flow Margin	-610.56	401.43	19.66	5.3	-87.56
Asset Turnover
Asset Turnover	0.12	0.18	0.2	0.21	0.13
Fixed Assets Turnover	0.21	2.17	2.77	3.69	14.59
Receivables Turnover (Average Receivables)	0.46	0.34	3.52	3.25	2.22
Inventory Turnover (Average Inventory)	4.01	-	-	-	222.39
Short Term Liquidity
Current Ratio	2.66	14.64	8.13	19.63	259.1
Quick Ratio	2.62	14.37	7.97	19.2	254.11
Operating Cash Flow to Current Liabilities	-0.1	12.43	0.3	1.87	3.93
Days Sales Outstanding (Average Receivables)	786.78	1.07K	103.72	112.64	164.2
Days Outstanding Inventory (Average Inventory)	91.08	-	-	-	1.64
Average Days Payable Outstanding	3.38K	-	118.38	-	44.09
Cash Conversion Cycle (Average Days)	-2.5K	-	-	-	121.75
Long Term Solvency
Total Debt/Equity	13.31	4.98	10.58	0.2	0.01
Total Debt / Total Capital	11.74	4.75	9.57	0.2	0.01
LT Debt/Equity	4.39	4.87	5.26	-	-
Long-Term Debt / Total Capital	3.88	4.64	4.76	-	-
Total Liabilities / Total Assets	36.57	10.81	15.6	5.02	0.38
EBIT / Interest Expense	-5.86	-24.66	-73.1	-38.05	-2.18K
EBITDA / Interest Expense	-4.07	46.48	-1.32	44.97	-1.65K
(EBITDA - Capex) / Interest Expense	-4.07	46.48	-1.32	44.97	-2.69K
Total Debt / EBITDA	-1.19	0.46	-47.9	0.05	-0
Net Debt / EBITDA	-0.53	-8.6	398.63	-22.75	9.12
Total Debt / (EBITDA - Capex)	-1.19	0.46	-47.9	0.05	-0
Net Debt / (EBITDA - Capex)	-0.53	-8.6	398.63	-22.75	5.57
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-45.47	-24.3	-13.05	-5.18	-45.58
Gross Profit, 1 Yr. Growth %	-4.52	-6.68	-23.44	13.96	-49.22
EBITDA, 1 Yr. Growth %	70.29	-102.54	-3.47K	-73.61	314.04
EBITA, 1 Yr. Growth %	22.89	-68.07	100.64	-73.89	280.52
EBIT, 1 Yr. Growth %	22.89	-68.07	100.64	-73.89	280.52
Earnings From Cont. Operations, 1 Yr. Growth %	-770.65	-105.47	-42.81	-102.53	-6.47K
Net Income, 1 Yr. Growth %	-770.65	-105.47	-42.81	-102.53	-6.47K
Normalized Net Income, 1 Yr. Growth %	-2.95	-61.83	-40.25	-103.45	-4.54K
Diluted EPS Before Extra, 1 Yr. Growth %	-770.66	-105.47	-42.81	-102.53	-6.48K
Accounts Receivable, 1 Yr. Growth %	6.53K	-95.52	-3.47	9.08	-47.52
Inventory, 1 Yr. Growth %	-99.7	-	-	-	-71.87
Net Property, Plant and Equip., 1 Yr. Growth %	-94.1	-65.79	67.93	-86.46	-84.68
Total Assets, 1 Yr. Growth %	-54.4	-35.93	-0.97	-18.18	-7.83
Tangible Book Value, 1 Yr. Growth %	-223.09	-9.91	-6.29	-7.92	-3.34
Common Equity, 1 Yr. Growth %	-223.12	-9.91	-6.29	-7.92	-3.34
Cash From Operations, 1 Yr. Growth %	-185.19	-1.63K	-95.86	128.39	-114.84
Capital Expenditures, 1 Yr. Growth %	-	-	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	-2.06K	-149.17	-95.83	-77.43	-1.04K
Unlevered Free Cash Flow, 1 Yr. Growth %	-1.53K	-149.68	-95.74	-76.88	-998.5
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-38.45	-35.75	-18.87	-9.2	-28.16
Gross Profit, 2 Yr. CAGR %	6.09	-5.61	-15.48	-6.6	-23.93
EBITDA, 2 Yr. CAGR %	-21.53	-79.23	-7.48	187.38	4.53
EBITA, 2 Yr. CAGR %	-23.34	-37.36	-19.96	-27.62	-0.33
EBIT, 2 Yr. CAGR %	-23.34	-37.36	-19.96	-27.62	-0.33
Earnings From Cont. Operations, 2 Yr. CAGR %	116.54	-39.44	-82.32	-87.97	26.99
Net Income, 2 Yr. CAGR %	116.54	-39.44	-82.32	-87.97	26.99
Normalized Net Income, 2 Yr. CAGR %	-22.69	-39.14	-52.25	-85.64	23.82
Diluted EPS Before Extra, 2 Yr. CAGR %	116.54	-39.44	-82.32	-87.98	26.99
Accounts Receivable, 2 Yr. CAGR %	877.89	72.42	-79.2	2.62	-24.34
Inventory, 2 Yr. CAGR %	-97.63	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-75.99	-85.79	-24.2	-52.31	-85.59
Total Assets, 2 Yr. CAGR %	-34.7	-45.95	-20.35	-9.99	-13.16
Tangible Book Value, 2 Yr. CAGR %	35.7	5.31	-8.12	-7.11	-5.66
Common Equity, 2 Yr. CAGR %	35.83	5.32	-8.12	-7.11	-5.66
Cash From Operations, 2 Yr. CAGR %	148.3	261.55	-20.25	-69.23	-41.77
Capital Expenditures, 2 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	347.97	210.83	-85.68	-89.78	45.61
Unlevered Free Cash Flow, 2 Yr. CAGR %	283.24	167.04	-85.46	-89.56	44.13
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-30.61	-34.05	-28.93	-14.54	-23.44
Gross Profit, 3 Yr. CAGR %	-21.66	1.65	-11.97	-6.63	-23.77
EBITDA, 3 Yr. CAGR %	45.75	-75.02	13.29	-40.59	224.58
EBITA, 3 Yr. CAGR %	1.42	-42.75	-7.67	-44.9	25.85
EBIT, 3 Yr. CAGR %	1.42	-42.75	-7.67	-44.9	25.85
Earnings From Cont. Operations, 3 Yr. CAGR %	103.85	-36.47	-40.58	-90.75	-2.66
Net Income, 3 Yr. CAGR %	103.85	-36.47	-40.58	-90.75	-2.66
Normalized Net Income, 3 Yr. CAGR %	5.73	-38.9	-39.51	-80.11	-2.88
Diluted EPS Before Extra, 3 Yr. CAGR %	103.85	-36.47	-40.58	-90.76	-2.66
Accounts Receivable, 3 Yr. CAGR %	366	62.43	42.11	-63.86	-17.94
Inventory, 3 Yr. CAGR %	-92.85	-	-	-1.41	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-63.82	-72.98	-67.63	-57.31	-67.34
Total Assets, 3 Yr. CAGR %	-26.54	-35.11	-33.86	-19.63	-9.28
Tangible Book Value, 3 Yr. CAGR %	85.54	18.38	1.29	-8.05	-5.87
Common Equity, 3 Yr. CAGR %	85.96	18.46	1.3	-8.05	-5.87
Cash From Operations, 3 Yr. CAGR %	144.79	355.65	-18.48	13.25	-75.87
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	413.61	114.61	-26.14	-82.75	-53.89
Unlevered Free Cash Flow, 3 Yr. CAGR %	242.48	94.08	-32.79	-82.44	-53.92
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-32.16	-29.29	-26.13	-25.05	-28.63
Gross Profit, 5 Yr. CAGR %	-22.21	-7.62	-19.24	-1.73	-16.97
EBITDA, 5 Yr. CAGR %	-7.47	-61.52	21.47	-33.63	8.08
EBITA, 5 Yr. CAGR %	-9.96	-35.26	-7.74	-37.12	-4.8
EBIT, 5 Yr. CAGR %	-9.96	-35.26	-7.74	-37.12	-4.8
Earnings From Cont. Operations, 5 Yr. CAGR %	40.5	-29.5	-23.33	-67.35	-19.49
Net Income, 5 Yr. CAGR %	40.5	-29.5	-23.33	-67.35	-19.49
Normalized Net Income, 5 Yr. CAGR %	-5.9	-30.45	-23.07	-65.76	-19.44
Diluted EPS Before Extra, 5 Yr. CAGR %	40.5	-29.5	-23.33	-67.36	-19.49
Accounts Receivable, 5 Yr. CAGR %	50.79	15.17	34.35	35.17	10.44
Inventory, 5 Yr. CAGR %	-80.56	-	-	-77.81	-75.88
Net Property, Plant and Equip., 5 Yr. CAGR %	-39.9	-51.07	-51.37	-66.08	-76.58
Total Assets, 5 Yr. CAGR %	-11.42	-16.47	-24.12	-26.04	-26.25
Tangible Book Value, 5 Yr. CAGR %	8.32	-6.18	40.08	7.44	-1.55
Common Equity, 5 Yr. CAGR %	8.33	-6.18	40.26	7.48	-1.55
Cash From Operations, 5 Yr. CAGR %	-0.3	115.37	56.31	55.03	-28.74
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	87.29
Levered Free Cash Flow, 5 Yr. CAGR %	62.68	39.57	22.72	-36.51	-1.08
Unlevered Free Cash Flow, 5 Yr. CAGR %	56.82	35	-3.17	-39.71	-6.94