Income Statement Associated Commercial Company Limited

Stocks

ACC.I0000

MU0053I00002

Auto, Truck & Motorcycle Parts

End-of-day quote Mauritius S.E. 2026-10-01			5-day change	1st Jan Change
214.00 ^MUR	0.00%		0.00%	+2.15%

06-08	Associated Commercial Company Limited announces Annual dividend, payable on July 15, 2026	CI
05-18	Associated Commercial Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2026	CI

a887950b7f12f062.D1l7Rd--NRThz8HSuQaEfKaXTOgxzCJ7HG0C5t-ZUB4.QDw6D5DqeliNvOylgTD2HfalHL1alXhNbQhsirTQHnhHNkoUls5QQJOH8Q

Published financial data: ASSOCIATED COMMERCIAL COMPANY LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021 (MUR)	2022 (MUR)	2023 (MUR)	2024 (MUR)	2025 (MUR)
Revenues	269M	472M	486M	429M	534M
Total Revenues	269M	472M	486M	429M	534M
Cost of Goods Sold, Total	219M	390M	-	-	-
Gross Profit	49.59M	81.88M	486M	429M	534M
Selling General & Admin Expenses, Total	27.4M	29.39M	-	-	-
Other Operating Expenses	110K	-	425M	366M	466M
Other Operating Expenses, Total	27.51M	29.39M	425M	366M	466M
Operating Income	22.08M	52.5M	61M	63.36M	68.67M
Interest Expense, Total	-616K	-721K	-1.47M	-1.54M	-1.66M
Interest And Investment Income	266K	1.37M	3.05M	2.61M	2.91M
Net Interest Expenses	-350K	652K	1.58M	1.08M	1.25M
Income (Loss) On Equity Invest.	19.31M	26.69M	20.16M	12.03M	6.25M
Other Non Operating Income (Expenses)	2.84M	180K	473K	5.33M	2.92M
EBT, Excl. Unusual Items	43.88M	80.02M	83.21M	81.79M	79.09M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	425K	-	-	-	-
EBT, Incl. Unusual Items	44.31M	80.02M	83.21M	81.79M	79.09M
Income Tax Expense	3.59M	8.38M	10.24M	12.94M	13.52M
Earnings From Continuing Operations	40.72M	71.64M	72.97M	68.86M	65.57M
Net Income to Company	40.72M	71.64M	72.97M	68.86M	65.57M
Net Income - (IS)	40.72M	71.64M	72.97M	68.86M	65.57M
Net Income to Common Incl Extra Items	40.72M	71.64M	72.97M	68.86M	65.57M
Net Income to Common Excl. Extra Items	40.72M	71.64M	72.97M	68.86M	65.57M
Per Share Items
Net EPS - Basic	35.63	62.68	63.84	60.24	57.37
Basic EPS - Continuing Operations	35.63	62.68	63.84	60.24	57.37
Basic Weighted Average Shares Outstanding	1.14M	1.14M	1.14M	1.14M	1.14M
Net EPS - Diluted	35.63	62.68	63.84	60.24	57.37
Diluted EPS - Continuing Operations	35.63	62.68	63.84	60.24	57.37
Diluted Weighted Average Shares Outstanding	1.14M	1.14M	1.14M	1.14M	1.14M
Normalized Basic EPS	24	43.75	45.5	44.73	43.25
Normalized Diluted EPS	24	43.75	45.5	44.73	43.25
Dividend Per Share	3	4.2	4.5	4.7	5
Payout Ratio	-	4.79	6.58	7.47	16.91
Supplemental Items
EBITDA	24.73M	55.35M	63.43M	68.8M	74.37M
EBITA	22.08M	52.5M	61M	63.36M	68.67M
EBIT	22.08M	52.5M	61M	63.36M	68.67M
Total Revenues (As Reported)	269M	472M	486M	429M	534M
Effective Tax Rate - (Ratio)	8.09	10.47	12.31	15.82	17.09
Current Domestic Taxes	3.33M	8.18M	8.89M	10.47M	10.66M
Total Current Taxes	3.33M	8.18M	8.89M	10.47M	10.66M
Deferred Domestic Taxes	24.84K	-381K	257K	-61.44K	895K
Total Deferred Taxes	24.84K	-381K	257K	-61.44K	895K
Normalized Net Income	27.43M	50.01M	52.01M	51.12M	49.43M
Interest on Long-Term Debt	69.11K	31.98K	2.8K	-	-
Non-Cash Pension Expense	0	0	0	0	0
Supplemental Operating Expense Items
General and Administrative Expenses	27.4M	29.39M	-	-	-

Fiscal Period: June	2021 (MUR)	2022 (MUR)	2023 (MUR)	2024 (MUR)	2025 (MUR)
Assets
Cash And Equivalents	151M	88.72M	107M	129M	185M
Total Cash And Short Term Investments	151M	88.72M	107M	129M	185M
Accounts Receivable, Total	37.89M	41.55M	92.9M	56.73M	71.4M
Other Receivables	9.58M	10.43M	11.42M	21.72M	8.08M
Total Receivables	47.46M	51.98M	104M	78.45M	79.49M
Inventory	111M	145M	139M	171M	157M
Total Current Assets	309M	286M	350M	378M	421M
Gross Property Plant And Equipment	74.6M	144M	148M	141M	148M
Accumulated Depreciation	-37.21M	-40.07M	-42.5M	-26.69M	-32.39M
Net Property Plant And Equipment	37.39M	104M	105M	114M	116M
Long-term Investments	210M	240M	246M	259M	312M
Deferred Tax Assets Long-Term	-	-	-	-	-
Total Assets	556M	630M	701M	752M	850M
Liabilities
Accounts Payable, Total	627K	678K	405K	219K	674K
Short-term Borrowings	61.67M	994K	-	-	1.31M
Current Portion of Long-Term Debt	1.31M	36.37M	72.02M	51.08M	47.24M
Current Portion of Leases	1.02M	291K	-	-	-
Current Income Taxes Payable	1.61M	5.81M	2.98M	5.14M	4.76M
Other Current Liabilities	15.27M	40.63M	26.54M	35.53M	25.77M
Total Current Liabilities	81.51M	84.77M	102M	91.96M	79.75M
Long-Term Debt	8.61M	7.18M	5.81M	-	-
Long-Term Leases	291K	-	-	-	-
Pension & Other Post Retirement Benefits	3.91M	4.49M	4.56M	4.77M	5.41M
Deferred Tax Liability Non Current	1.36M	979K	1.24M	1.17M	2.07M
Total Liabilities	95.68M	97.42M	114M	97.91M	87.22M
Common Stock, Total	11.43M	11.43M	11.43M	11.43M	11.43M
Additional Paid In Capital	9.08M	9.08M	9.08M	9.08M	9.08M
Retained Earnings	379M	446M	514M	577M	637M
Comprehensive Income and Other	60.87M	66.13M	53.5M	56.01M	105M
Total Common Equity	460M	533M	588M	654M	762M
Total Equity	460M	533M	588M	654M	762M
Total Liabilities And Equity	556M	630M	701M	752M	850M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.14M	1.14M	1.14M	1.14M	1.14M
ECS Total Common Shares Outstanding	1.14M	1.14M	1.14M	1.14M	1.14M
Book Value / Share	402.86	465.93	514.22	571.97	667
Tangible Book Value	460M	533M	588M	654M	762M
Tangible Book Value Per Share	402.86	465.93	514.22	571.97	667
Total Debt	72.9M	44.84M	77.82M	51.08M	48.54M
Net Debt	-77.76M	-43.88M	-28.88M	-77.73M	-136M
Debt Equivalent of Unfunded Proj. Benefit Obligation	3.91M	4.49M	4.56M	4.77M	5.41M
Equity Method Investments, Total	165M	191M	209M	221M	270M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	111M	145M	139M	171M	157M
Land - (BS)	8.4M	77.05M	77.05M	77.05M	79.7M
Buildings, Total	22.97M	22.97M	22.97M	22.97M	25.52M
Machinery, Total	43.23M	43.97M	47.72M	41.13M	42.87M
Accumulated Allowance for Doubtful Accounts (Supple)	954K	842K	801K	24.38K	24.38K

Fiscal Period: June	2021 (MUR)	2022 (MUR)	2023 (MUR)	2024 (MUR)	2025 (MUR)
Net Income	40.72M	71.64M	72.97M	68.86M	65.57M
Depreciation & Amortization - CF	2.65M	2.86M	2.43M	5.44M	5.7M
Depreciation & Amortization, Total	2.65M	2.86M	2.43M	5.44M	5.7M
(Gain) Loss From Sale Of Asset	-425K	-	-	-75K	-
(Income) Loss On Equity Investments - (CF)	-19.31M	-26.69M	-20.16M	-12.03M	-6.25M
Provision and Write-off of Bad Debts	19.59K	-	-41K	-24.38K	-
Other Operating Activities, Total	-176K	2.9M	-5.55M	-305K	1.17M
Change In Accounts Receivable	-5.81M	-4.39M	-52.3M	25.89M	-1.06M
Change In Inventories	-1.86M	-34.48M	6.27M	-32.02M	13.61M
Change In Accounts Payable	3.96M	24.03M	-14.7M	8.57M	-3.93M
Cash from Operations	19.77M	35.87M	-11.08M	64.31M	74.81M
Capital Expenditure	-2.49M	-69.39M	-3.75M	-14.66M	-6.94M
Sale of Property, Plant, and Equipment	425K	-	-	75K	-
Investment in Marketable and Equity Securities, Total	-	-9.1K	-118K	-48.12K	-54.44K
Other Investing Activities, Total	264K	3.08M	4.75M	4.32M	1.7M
Cash from Investing	-1.8M	-66.32M	882K	-10.32M	-5.29M
Short Term Debt Issued, Total	53M	48M	-	-	-
Long-Term Debt Issued, Total	-	-	34.27M	-	-
Total Debt Issued	53M	48M	34.27M	-	-
Long-Term Debt Repaid, Total	-2.42M	-68.39M	-291K	-26.74M	-3.84M
Total Debt Repaid	-2.42M	-68.39M	-291K	-26.74M	-3.84M
Common Dividends Paid	-	-3.43M	-4.8M	-5.14M	-11.09M
Common & Preferred Stock Dividends Paid	-	-3.43M	-4.8M	-5.14M	-11.09M
Cash from Financing	50.58M	-23.81M	29.18M	-31.89M	-14.93M
Net Change in Cash	68.55M	-54.26M	18.98M	22.11M	54.6M
Supplemental Items
Cash Interest Paid	616K	502K	929K	1.33M	1.66M
Cash Income Tax Paid (Refund)	3.04M	4.68M	12.82M	10.83M	12.98M
Levered Free Cash Flow	13.83M	-43.56M	-27.38M	34.24M	43.53M
Unlevered Free Cash Flow	14.22M	-43.11M	-26.46M	35.19M	44.57M
Change In Net Working Capital	-258K	9.39M	63.27M	-4.81M	-2.89M
Net Debt Issued / Repaid	50.58M	-20.39M	33.98M	-26.74M	-3.84M

Fiscal Period: June	2021 (MUR)	2022 (MUR)	2023 (MUR)	2024 (MUR)	2025 (MUR)
Profitability
Return on Assets	2.74	5.53	5.73	5.45	5.36
Return on Total Capital	2.84	5.91	6.14	5.78	5.66
Return On Equity %	9.27	14.43	13.03	11.09	9.26
Return on Common Equity	9.27	14.43	13.03	11.09	9.26
Margin Analysis
Gross Profit Margin %	18.45	17.36	100	100	100
SG&A Margin	10.19	6.23	-	-	-
EBITDA Margin %	9.2	11.74	13.06	16.04	13.92
EBITA Margin %	8.21	11.13	12.56	14.77	12.85
EBIT Margin %	8.21	11.13	12.56	14.77	12.85
Income From Continuing Operations Margin %	15.15	15.19	15.03	16.05	12.27
Net Income Margin %	15.15	15.19	15.03	16.05	12.27
Net Avail. For Common Margin %	15.15	15.19	15.03	16.05	12.27
Normalized Net Income Margin	10.2	10.6	10.71	11.92	9.25
Levered Free Cash Flow Margin	5.15	-9.24	-5.64	7.98	8.15
Unlevered Free Cash Flow Margin	5.29	-9.14	-5.45	8.2	8.34
Asset Turnover
Asset Turnover	0.53	0.8	0.73	0.59	0.67
Fixed Assets Turnover	7.18	6.67	4.64	3.91	4.64
Receivables Turnover (Average Receivables)	6.96	11.87	7.22	5.73	8.07
Inventory Turnover (Average Inventory)	2	3.05	-	-	-
Short Term Liquidity
Current Ratio	3.79	3.37	3.43	4.11	5.28
Quick Ratio	2.43	1.66	2.07	2.25	3.31
Operating Cash Flow to Current Liabilities	0.24	0.42	-0.11	0.7	0.94
Days Sales Outstanding (Average Receivables)	52.46	30.74	50.53	63.82	45.21
Days Outstanding Inventory (Average Inventory)	182.54	119.73	-	-	-
Average Days Payable Outstanding	0.67	0.56	-	-	-
Cash Conversion Cycle (Average Days)	234.34	149.92	-	-	-
Long Term Solvency
Total Debt/Equity	15.83	8.42	13.24	7.81	6.37
Total Debt / Total Capital	13.67	7.77	11.69	7.25	5.99
LT Debt/Equity	1.93	1.35	0.99	-	-
Long-Term Debt / Total Capital	1.67	1.24	0.87	-	-
Total Liabilities / Total Assets	17.2	15.46	16.19	13.03	10.27
EBIT / Interest Expense	35.87	72.85	41.46	41.28	41.35
EBITDA / Interest Expense	40.18	76.81	43.11	44.82	44.78
(EBITDA - Capex) / Interest Expense	36.13	-19.47	40.56	35.27	40.61
Total Debt / EBITDA	2.95	0.81	1.23	0.74	0.65
Net Debt / EBITDA	-3.14	-0.79	-0.46	-1.13	-1.83
Total Debt / (EBITDA - Capex)	3.28	-3.19	1.3	0.94	0.72
Net Debt / (EBITDA - Capex)	-3.5	3.13	-0.48	-1.44	-2.02
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	11.64	75.39	2.97	-11.65	24.51
Gross Profit, 1 Yr. Growth %	15.07	65.11	2.97	-11.65	24.51
EBITDA, 1 Yr. Growth %	32.93	123.79	14.59	8.46	8.1
EBITA, 1 Yr. Growth %	38.29	137.75	16.2	3.86	8.38
EBIT, 1 Yr. Growth %	38.29	137.75	16.2	3.86	8.38
Earnings From Cont. Operations, 1 Yr. Growth %	72.35	75.91	1.86	-5.64	-4.77
Net Income, 1 Yr. Growth %	72.35	75.91	1.86	-5.64	-4.77
Normalized Net Income, 1 Yr. Growth %	46.38	82.33	3.99	-1.7	-3.31
Diluted EPS Before Extra, 1 Yr. Growth %	72.35	75.91	1.86	-5.64	-4.77
Accounts Receivable, 1 Yr. Growth %	-3.85	9.67	123.58	-38.94	17.2
Inventory, 1 Yr. Growth %	1.71	31.18	-4.32	23.07	-7.97
Net Property, Plant and Equip., 1 Yr. Growth %	-0.43	177.95	1.27	8.76	1.08
Total Assets, 1 Yr. Growth %	23	13.28	11.32	7.18	13.03
Tangible Book Value, 1 Yr. Growth %	10.06	15.66	10.36	11.23	16.61
Common Equity, 1 Yr. Growth %	10.06	15.66	10.36	11.23	16.61
Cash From Operations, 1 Yr. Growth %	101.51	81.4	-130.9	-680.27	16.34
Capital Expenditures, 1 Yr. Growth %	556.32	2.68K	-94.59	290.76	-52.65
Levered Free Cash Flow, 1 Yr. Growth %	63.73	-414.87	-37.14	-225.03	27.16
Unlevered Free Cash Flow, 1 Yr. Growth %	57.36	-403.18	-38.62	-233	26.64
Dividend Per Share, 1 Yr. Growth %	0	40	7.14	4.44	6.38
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-0.82	39.93	34.39	-4.62	4.88
Gross Profit, 2 Yr. CAGR %	-3.93	37.84	212.92	-4.62	4.88
EBITDA, 2 Yr. CAGR %	-1.72	72.48	60.14	11.49	8.28
EBITA, 2 Yr. CAGR %	-1.63	81.32	66.21	9.86	6.1
EBIT, 2 Yr. CAGR %	-1.63	81.32	66.21	9.86	6.1
Earnings From Cont. Operations, 2 Yr. CAGR %	-6.54	74.12	33.86	-1.96	-5.21
Net Income, 2 Yr. CAGR %	-6.54	74.12	33.86	-1.96	-5.21
Normalized Net Income, 2 Yr. CAGR %	-5.4	63.37	37.7	1.1	-2.51
Diluted EPS Before Extra, 2 Yr. CAGR %	-6.54	74.12	33.86	-1.96	-5.21
Accounts Receivable, 2 Yr. CAGR %	-1.61	2.69	56.59	16.84	-12.33
Inventory, 2 Yr. CAGR %	-0.79	15.51	12.03	8.51	6.42
Net Property, Plant and Equip., 2 Yr. CAGR %	-3.09	66.36	67.78	4.95	4.85
Total Assets, 2 Yr. CAGR %	10.74	18.04	12.29	9.23	10.07
Tangible Book Value, 2 Yr. CAGR %	5.36	12.82	12.98	10.8	13.89
Common Equity, 2 Yr. CAGR %	5.36	12.82	12.98	10.8	13.89
Cash From Operations, 2 Yr. CAGR %	-39.06	91.19	-25.14	33.9	159.82
Capital Expenditures, 2 Yr. CAGR %	-6.32	1.25K	22.67	-54.04	36.02
Levered Free Cash Flow, 2 Yr. CAGR %	-33.49	127.06	40.69	-11.35	26.09
Unlevered Free Cash Flow, 2 Yr. CAGR %	-33.5	118.42	36.42	-9.65	29.78
Dividend Per Share, 2 Yr. CAGR %	-15.48	18.32	22.47	5.78	5.41
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	1.09	19.94	26.33	16.86	4.24
Gross Profit, 3 Yr. CAGR %	-42.46	15.08	124.19	105.29	4.24
EBITDA, 3 Yr. CAGR %	-	29.3	50.5	40.64	10.35
EBITA, 3 Yr. CAGR %	12.15	32.01	56.33	42.1	9.36
EBIT, 3 Yr. CAGR %	12.15	32.01	56.33	42.1	9.36
Earnings From Cont. Operations, 3 Yr. CAGR %	0.36	15.39	45.62	19.13	-2.91
Net Income, 3 Yr. CAGR %	0.36	15.39	45.62	19.13	-2.91
Normalized Net Income, 3 Yr. CAGR %	0.01	17.73	40.53	23.07	-0.39
Diluted EPS Before Extra, 3 Yr. CAGR %	0.36	15.39	45.62	19.13	-2.91
Accounts Receivable, 3 Yr. CAGR %	-	2.02	33.09	14.4	19.78
Inventory, 3 Yr. CAGR %	-	8.89	8.48	15.6	2.72
Net Property, Plant and Equip., 3 Yr. CAGR %	-	37.69	40.99	45.2	3.64
Total Assets, 3 Yr. CAGR %	9.08	11.58	15.76	10.56	10.48
Tangible Book Value, 3 Yr. CAGR %	6.74	8.69	12	12.39	12.7
Common Equity, 3 Yr. CAGR %	6.74	8.69	12	12.39	12.7
Cash From Operations, 3 Yr. CAGR %	1.67	-12.34	4.14	48.16	27.77
Capital Expenditures, 3 Yr. CAGR %	-	190.16	114.55	80.49	-53.58
Levered Free Cash Flow, 3 Yr. CAGR %	2.22	11.68	47.98	35.26	-0.02
Unlevered Free Cash Flow, 3 Yr. CAGR %	-0.31	10.27	43.07	35.27	1.12
Dividend Per Share, 3 Yr. CAGR %	-10.61	0	14.47	16.14	5.98
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-0.76	1.32	13.28	9.44	17.27
Gross Profit, 5 Yr. CAGR %	-29.23	-28.61	13.28	51.52	65.44
EBITDA, 5 Yr. CAGR %	-	-	-	21.86	31.93
EBITA, 5 Yr. CAGR %	-0.07	5.59	31.26	22.66	33.88
EBIT, 5 Yr. CAGR %	-0.07	5.59	31.26	22.66	33.88
Earnings From Cont. Operations, 5 Yr. CAGR %	7.62	6.54	12.62	8.11	22.65
Net Income, 5 Yr. CAGR %	7.62	6.54	12.62	8.11	22.65
Normalized Net Income, 5 Yr. CAGR %	6.83	6.46	13.66	10.78	21.41
Diluted EPS Before Extra, 5 Yr. CAGR %	7.62	6.54	12.61	8.11	22.65
Accounts Receivable, 5 Yr. CAGR %	-	-	-	7.7	12.62
Inventory, 5 Yr. CAGR %	-	-	-	8.74	7.65
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	23.52	25.24
Total Assets, 5 Yr. CAGR %	8.15	9.03	10.36	10.63	13.45
Tangible Book Value, 5 Yr. CAGR %	8.41	8.79	9.2	9.53	12.75
Common Equity, 5 Yr. CAGR %	8.41	8.79	9.2	9.53	12.75
Cash From Operations, 5 Yr. CAGR %	-7.45	-4.38	-10.04	3.85	50.12
Capital Expenditures, 5 Yr. CAGR %	-	-	-	38.85	78.8
Levered Free Cash Flow, 5 Yr. CAGR %	3.51	31.44	16.15	1.82	38.8
Unlevered Free Cash Flow, 5 Yr. CAGR %	0.35	27.69	13.02	1.82	37.6
Dividend Per Share, 5 Yr. CAGR %	-5.59	0	1.39	2.28	10.76