Income Statement Cyprus Forest Industries Public Ltd London S.E.

Stocks

0EHL

CY0001400411

Forest & Wood Products

Market Closed - London S.E. Other stock markets 11:52:38 2018-05-03 EDT			5-day change	1st Jan Change
0.2960 ^EUR	+9.63%		+30.97%	-

04-30	Cyprus Forest Industries Public Ltd Reports Earnings Results for the Full Year Ended December 31, 2025	CI
25-09-22	Cyprus Forest Industries Public Ltd Reports Earnings Results for the Half Year Ended June 30, 2025	CI

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Published financial data: CYPRUS FOREST INDUSTRIES PUBLIC LTD

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	6.67M	6.67M	5.77M	6.07M	6.46M
Total Revenues	6.67M	6.67M	5.77M	6.07M	6.46M
Cost of Goods Sold, Total	5.21M	5.36M	4.95M	4.49M	4.87M
Gross Profit	1.46M	1.31M	814K	1.59M	1.59M
Selling General & Admin Expenses, Total	1.18M	1.26M	1.24M	1.26M	1.29M
Provision for Bad Debts	48.64K	-26K	25.26K	-	-
Other Operating Expenses	-7.07K	-17.94K	-2.51K	-7.47K	-26.41K
Other Operating Expenses, Total	1.23M	1.21M	1.26M	1.25M	1.27M
Operating Income	237K	101K	-447K	337K	325K
Interest Expense, Total	-52.87K	-55K	-55.72K	-91.68K	-53.83K
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-52.87K	-55K	-55.72K	-91.68K	-53.83K
Currency Exchange Gains (Loss)	-2.02K	-	-	-	-
Other Non Operating Income (Expenses)	-5.07K	-8.29K	-7.82K	-7.2K	-44.19K
EBT, Excl. Unusual Items	177K	37.81K	-511K	238K	227K
Restructuring Charges	-	-	-281K	-	-
Gain (Loss) On Sale Of Investments	265	-	-	-	-
Gain (Loss) On Sale Of Assets	4K	7.16K	-	-	-
Asset Writedown	-	-	-	-	-26.5K
Other Unusual Items	28.82K	-	-	-	-
EBT, Incl. Unusual Items	210K	44.97K	-792K	238K	200K
Income Tax Expense	9.14K	36.66K	25.17K	16.96K	28.46K
Earnings From Continuing Operations	201K	8.31K	-818K	221K	172K
Net Income to Company	201K	8.31K	-818K	221K	172K
Minority Interest	-11.55K	-2.57K	659	-5.06K	-2.68K
Net Income - (IS)	190K	5.74K	-817K	216K	169K
Net Income to Common Incl Extra Items	190K	5.74K	-817K	216K	169K
Net Income to Common Excl. Extra Items	190K	5.74K	-817K	216K	169K
Per Share Items
Net EPS - Basic	0.06	0	-0.27	0.07	0.06
Basic EPS - Continuing Operations	0.06	0	-0.27	0.07	0.06
Basic Weighted Average Shares Outstanding	3.06M	3.06M	3.06M	3.06M	3.06M
Net EPS - Diluted	0.06	0	-0.27	0.07	0.06
Diluted EPS - Continuing Operations	0.06	0	-0.27	0.07	0.06
Diluted Weighted Average Shares Outstanding	3.06M	3.06M	3.06M	3.06M	3.06M
Normalized Basic EPS	0.03	0.01	-0.1	0.05	0.05
Normalized Diluted EPS	0.03	0.01	-0.1	0.05	0.05
Supplemental Items
EBITDA	543K	387K	-265K	528K	525K
EBITA	237K	101K	-447K	337K	325K
EBIT	237K	101K	-447K	337K	325K
Effective Tax Rate - (Ratio)	4.35	81.52	-3.18	7.13	14.22
Current Domestic Taxes	-	25.5K	-	2.52K	4.49K
Total Current Taxes	-	25.5K	-	2.52K	4.49K
Deferred Domestic Taxes	9.14K	11.16K	25.17K	14.43K	-15.68K
Total Deferred Taxes	9.14K	11.16K	25.17K	14.43K	-15.68K
Normalized Net Income	99.14K	21.06K	-319K	144K	139K
Supplemental Operating Expense Items
Selling and Marketing Expenses	350K	360K	382K	458K	500K
General and Administrative Expenses	834K	897K	857K	800K	792K
Maintenance & Repair Expenses, Total	60.14K	52.76K	78.39K	67.51K	59.66K

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	108K	87.27K	180K	65.99K	23.64K
Total Cash And Short Term Investments	108K	87.27K	180K	65.99K	23.64K
Accounts Receivable, Total	421K	513K	292K	397K	677K
Other Receivables	22.64K	32.48K	29.08K	20K	-
Total Receivables	444K	546K	321K	417K	677K
Inventory	3.03M	4.15M	3.02M	3.53M	3.31M
Other Current Assets, Total	5.69K	9.11K	97.4K	73.8K	103K
Total Current Assets	3.58M	4.79M	3.62M	4.09M	4.11M
Gross Property Plant And Equipment	17.3M	17.34M	17.81M	17.82M	17.37M
Accumulated Depreciation	-5.31M	-5.25M	-5.43M	-5.57M	-5.48M
Net Property Plant And Equipment	12M	12.09M	12.38M	12.26M	11.89M
Long-term Investments	2.36K	3.94K	6.46K	-	-
Other Intangibles, Total	5.22K	2.1K	789	-	-
Other Long-Term Assets, Total	245K	245K	245K	245K	-
Total Assets	15.83M	17.13M	16.25M	16.59M	16.01M
Liabilities
Accounts Payable, Total	74.88K	149K	819K	219K	264K
Accrued Expenses, Total	268K	275K	499K	368K	282K
Short-term Borrowings	384K	1.58M	571K	1.68M	969K
Current Portion of Long-Term Debt	298K	298K	229K	228K	246K
Current Income Taxes Payable	-	27.5K	97.7K	2.52K	4.49K
Other Current Liabilities	115K	10.52K	31.89K	87.52K	555K
Total Current Liabilities	1.14M	2.34M	2.25M	2.59M	2.32M
Long-Term Debt	1.5M	1.2M	1.24M	1.01M	749K
Deferred Tax Liability Non Current	1.54M	1.49M	1.53M	1.52M	1.56M
Total Liabilities	4.17M	5.03M	5.02M	5.12M	4.63M
Common Stock, Total	5.23M	5.23M	5.23M	5.23M	5.23M
Retained Earnings	-2.44M	-2.43M	-	-	-
Comprehensive Income and Other	8.71M	9.15M	5.85M	6.08M	6M
Total Common Equity	11.51M	11.95M	11.08M	11.31M	11.23M
Minority Interest	150K	152K	152K	155K	148K
Total Equity	11.66M	12.1M	11.23M	11.47M	11.38M
Total Liabilities And Equity	15.83M	17.13M	16.25M	16.59M	16.01M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.06M	3.06M	3.06M	3.06M	3.06M
ECS Total Common Shares Outstanding	3.06M	3.06M	3.06M	3.06M	3.06M
Book Value / Share	3.76	3.91	3.62	3.7	3.67
Tangible Book Value	11.5M	11.95M	11.08M	11.31M	11.23M
Tangible Book Value Per Share	3.76	3.9	3.62	3.7	3.67
Total Debt	2.18M	3.08M	2.04M	2.92M	1.96M
Net Debt	2.07M	2.99M	1.86M	2.85M	1.94M
Minority Interest, Total (Incl. Fin. Div)	150K	152K	152K	155K	148K
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	1.8M	2.8M	2.08M	2.41M	2.19M
Inventories - Work In Process, Total	83.12K	70.98K	76.26K	62.1K	66.21K
Inventories - Finished Goods, Total	1.14M	1.27M	863K	1.06M	1.05M
Inventories - Others	-	-	-	-	-
Land - (BS)	11.45M	11.45M	11.45M	11.45M	10.97M
Machinery, Total	5.85M	5.89M	6.36M	6.37M	6.4M
Full Time Employees	42	38	36	30	33
Accumulated Allowance for Doubtful Accounts (Supple)	313K	166K	174K	174K	174K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	190K	5.74K	-817K	216K	169K
Depreciation & Amortization - CF	306K	286K	182K	191K	200K
Depreciation & Amortization, Total	306K	286K	182K	191K	200K
Amortization of Deferred Charges, Total - (CF)	1.16K	3.12K	1.31K	789	-
(Gain) Loss From Sale Of Asset	-4K	-7.16K	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-265	-1.58K	-2.51K	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	26.5K
Provision and Write-off of Bad Debts	48.64K	-26K	25.26K	-	-
Other Operating Activities, Total	68.49K	94.23K	55.06K	99.26K	89.48K
Change In Accounts Receivable	277K	-95.3K	136K	-72.05K	-289K
Change In Inventories	321K	-1.12M	1.12M	-505K	218K
Change In Accounts Payable	-634K	98.8K	953K	-767K	-56.16K
Cash from Operations	573K	-764K	1.66M	-837K	358K
Capital Expenditure	-36.63K	-109K	-466K	-70.48K	-36.7K
Sale of Property, Plant, and Equipment	4K	7.16K	-	-	-
Cash Acquisitions	-	-	-	-	-5.09K
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Sale (Purchase) of Intangible assets	-3.22K	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	220K
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-35.85K	-102K	-466K	-70.48K	178K
Long-Term Debt Issued, Total	-	-	250K	-	-
Total Debt Issued	-	-	250K	-	-
Long-Term Debt Repaid, Total	-326K	-326K	-317K	-278K	-246K
Total Debt Repaid	-326K	-326K	-317K	-278K	-246K
Other Financing Activities, Total	-11.55K	-24.93K	-22.62K	-41.94K	383K
Cash from Financing	-338K	-351K	-89.82K	-320K	137K
Net Change in Cash	199K	-1.22M	1.1M	-1.23M	673K
Supplemental Items
Cash Interest Paid	11.55K	24.93K	22.62K	41.94K	82.3K
Cash Income Tax Paid (Refund)	-	-	-	-	-
Levered Free Cash Flow	377K	-1.01M	1.65M	-1.07M	690K
Unlevered Free Cash Flow	410K	-980K	1.68M	-1.02M	724K
Change In Net Working Capital	5.26K	1.22M	-2.25M	1.35M	-358K
Net Debt Issued / Repaid	-326K	-326K	-67.2K	-278K	-246K

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	0.91	0.38	-1.68	1.28	1.25
Return on Total Capital	1.06	0.44	-1.97	1.52	1.46
Return On Equity %	1.74	0.07	-7.01	1.95	1.5
Return on Common Equity	1.66	0.05	-7.09	1.93	1.5
Margin Analysis
Gross Profit Margin %	21.93	19.69	14.12	26.13	24.62
SG&A Margin	17.75	18.83	21.48	20.71	20
EBITDA Margin %	8.14	5.8	-4.6	8.69	8.13
EBITA Margin %	3.55	1.51	-7.76	5.54	5.03
EBIT Margin %	3.55	1.51	-7.76	5.54	5.03
Income From Continuing Operations Margin %	3.01	0.12	-14.18	3.64	2.66
Net Income Margin %	2.84	0.09	-14.17	3.55	2.62
Net Avail. For Common Margin %	2.84	0.09	-14.17	3.55	2.62
Normalized Net Income Margin	1.49	0.32	-5.53	2.36	2.15
Levered Free Cash Flow Margin	5.65	-15.2	28.6	-17.65	10.69
Unlevered Free Cash Flow Margin	6.15	-14.69	29.2	-16.71	11.21
Asset Turnover
Asset Turnover	0.41	0.4	0.35	0.37	0.4
Fixed Assets Turnover	0.55	0.55	0.47	0.49	0.53
Receivables Turnover (Average Receivables)	12.84	14.29	14.32	17.64	12.03
Inventory Turnover (Average Inventory)	1.64	1.49	1.38	1.37	1.42
Short Term Liquidity
Current Ratio	3.15	2.05	1.61	1.58	1.77
Quick Ratio	0.48	0.27	0.22	0.19	0.3
Operating Cash Flow to Current Liabilities	0.5	-0.33	0.74	-0.32	0.15
Days Sales Outstanding (Average Receivables)	28.43	25.54	25.48	20.75	30.33
Days Outstanding Inventory (Average Inventory)	222.6	244.23	264.3	267.26	256.4
Average Days Payable Outstanding	23.45	6.3	46.13	38.04	18.92
Cash Conversion Cycle (Average Days)	227.58	263.47	243.65	249.97	267.8
Long Term Solvency
Total Debt/Equity	18.68	25.44	18.12	25.47	17.25
Total Debt / Total Capital	15.74	20.28	15.34	20.3	14.71
LT Debt/Equity	12.84	9.92	11	8.78	6.58
Long-Term Debt / Total Capital	10.82	7.91	9.31	7	5.61
Total Liabilities / Total Assets	26.36	29.37	30.88	30.87	28.91
EBIT / Interest Expense	4.48	1.84	-8.03	3.67	6.03
EBITDA / Interest Expense	10.27	7.04	-4.76	5.76	9.75
(EBITDA - Capex) / Interest Expense	9.58	5.06	-13.12	4.99	9.07
Total Debt / EBITDA	4.01	7.95	-7.68	5.53	3.74
Net Debt / EBITDA	3.81	7.72	-7	5.4	3.7
Total Debt / (EBITDA - Capex)	4.3	11.07	-2.79	6.38	4.02
Net Debt / (EBITDA - Capex)	4.09	10.75	-2.54	6.24	3.97
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	5.17	0.01	-13.6	5.34	6.32
Gross Profit, 1 Yr. Growth %	20.13	-10.19	-38.81	94.98	0.17
EBITDA, 1 Yr. Growth %	27.17	-28.69	-168.41	-297.37	-0.62
EBITA, 1 Yr. Growth %	193.24	-57.4	-542.58	-174.81	-3.55
EBIT, 1 Yr. Growth %	193.24	-57.4	-542.58	-174.81	-3.55
Earnings From Cont. Operations, 1 Yr. Growth %	1.23K	-95.87	-9.93K	-127.01	-22.24
Net Income, 1 Yr. Growth %	1.06K	-96.97	-14.33K	-126.41	-21.66
Normalized Net Income, 1 Yr. Growth %	598.68	-78.79	-1.61K	-144.81	-3.17
Diluted EPS Before Extra, 1 Yr. Growth %	1.06K	-96.97	-14.33K	-126.41	-21.66
Accounts Receivable, 1 Yr. Growth %	-31.99	21.93	-43.1	35.87	70.53
Inventory, 1 Yr. Growth %	-9.13	37.09	-27.09	16.69	-6.18
Net Property, Plant and Equip., 1 Yr. Growth %	-2.33	0.81	2.34	-0.98	-2.96
Total Assets, 1 Yr. Growth %	-5.71	8.22	-5.15	2.06	-3.49
Tangible Book Value, 1 Yr. Growth %	2.07	3.86	-7.24	2.06	-0.7
Common Equity, 1 Yr. Growth %	2.08	3.83	-7.25	2.06	-0.7
Cash From Operations, 1 Yr. Growth %	27.75	-233.31	-316.96	-150.48	-142.76
Capital Expenditures, 1 Yr. Growth %	-84.77	198.42	326.13	-84.87	-47.92
Levered Free Cash Flow, 1 Yr. Growth %	131.34	-368.88	-262.54	-165.09	-164.36
Unlevered Free Cash Flow, 1 Yr. Growth %	107.42	-338.85	-271.8	-160.34	-171.31
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-3.86	2.56	-7.04	-4.6	5.83
Gross Profit, 2 Yr. CAGR %	5.48	3.87	-25.41	9.23	39.76
EBITDA, 2 Yr. CAGR %	47.19	-4.75	-30.16	16.75	40.05
EBITA, 2 Yr. CAGR %	47.41	11.83	37.31	82.47	-15.05
EBIT, 2 Yr. CAGR %	47.41	11.83	37.31	82.47	-15.05
Earnings From Cont. Operations, 2 Yr. CAGR %	-2.52	-25.82	101.65	415.37	-54.17
Net Income, 2 Yr. CAGR %	-5.07	-40.62	107.62	512.96	-54.51
Normalized Net Income, 2 Yr. CAGR %	-6.39	21.83	79.15	161.05	-34.13
Diluted EPS Before Extra, 2 Yr. CAGR %	-5.07	-40.63	107.62	513.08	-54.51
Accounts Receivable, 2 Yr. CAGR %	-30.72	-8.94	-16.71	-12.08	52.22
Inventory, 2 Yr. CAGR %	-1.56	11.61	-0.02	-7.76	4.63
Net Property, Plant and Equip., 2 Yr. CAGR %	-4.29	-0.78	1.57	0.67	-1.98
Total Assets, 2 Yr. CAGR %	-4.83	1.02	1.32	-1.61	-0.76
Tangible Book Value, 2 Yr. CAGR %	-1.42	2.96	-1.85	-2.7	0.67
Common Equity, 2 Yr. CAGR %	-1.4	2.95	-1.87	-2.71	0.67
Cash From Operations, 2 Yr. CAGR %	21.67	30.5	70.07	4.65	-53.54
Capital Expenditures, 2 Yr. CAGR %	-58.03	-32.59	256.6	-19.7	-71.93
Levered Free Cash Flow, 2 Yr. CAGR %	23.73	149.46	109.05	2.81	-35.28
Unlevered Free Cash Flow, 2 Yr. CAGR %	18.2	122.63	102.57	1.76	-34.41
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-6.34	-2.59	-3.14	-3.09	-1.09
Gross Profit, 3 Yr. CAGR %	-2.31	-0.02	-12.57	2.75	6.12
EBITDA, 3 Yr. CAGR %	-4.67	15.62	-14.7	-0.95	10.64
EBITA, 3 Yr. CAGR %	-6.46	-2.5	76.89	12.36	47.54
EBIT, 3 Yr. CAGR %	-6.46	-2.5	76.89	12.36	47.54
Earnings From Cont. Operations, 3 Yr. CAGR %	5.98	-66.01	278.24	3.17	174.37
Net Income, 3 Yr. CAGR %	4.59	-69.89	268.78	4.42	208.76
Normalized Net Income, 3 Yr. CAGR %	-4.52	-42.9	182.14	13.06	87.57
Diluted EPS Before Extra, 3 Yr. CAGR %	4.59	-69.89	268.79	4.42	208.8
Accounts Receivable, 3 Yr. CAGR %	-25.91	-16.35	-22.15	-1.95	9.65
Inventory, 3 Yr. CAGR %	-5.94	9.93	-3.16	5.26	-7.24
Net Property, Plant and Equip., 3 Yr. CAGR %	-3.27	-2.62	0.25	0.71	-0.56
Total Assets, 3 Yr. CAGR %	-5.02	-0.66	-1.08	1.56	-2.24
Tangible Book Value, 3 Yr. CAGR %	-1.65	0.31	-0.56	-0.56	-2.04
Common Equity, 3 Yr. CAGR %	-1.64	0.31	-0.57	-0.58	-2.04
Cash From Operations, 3 Yr. CAGR %	-17.39	25.43	54.6	13.45	-22.35
Capital Expenditures, 3 Yr. CAGR %	9.91	-19.3	24.64	24.38	-30.49
Levered Free Cash Flow, 3 Yr. CAGR %	-26.26	60.28	116.27	41.65	-12.05
Unlevered Free Cash Flow, 3 Yr. CAGR %	-25.81	49.45	104.2	35.24	-9.61
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	0.71	-3.31	-6.63	-3.4	0.35
Gross Profit, 5 Yr. CAGR %	26.78	14.15	-12.3	3.83	5.48
EBITDA, 5 Yr. CAGR %	18.65	28.81	-15.82	16.07	4.21
EBITA, 5 Yr. CAGR %	-18.91	-25.94	9.08	25.28	32.06
EBIT, 5 Yr. CAGR %	-18.91	-25.94	9.08	25.28	32.06
Earnings From Cont. Operations, 5 Yr. CAGR %	-27.89	-54.54	37.08	0.86	62.6
Net Income, 5 Yr. CAGR %	-28.57	-57.76	37.59	0.51	59.67
Normalized Net Income, 5 Yr. CAGR %	-31.04	-46.99	22.85	4.87	57.83
Diluted EPS Before Extra, 5 Yr. CAGR %	-28.57	-57.77	37.59	0.51	59.67
Accounts Receivable, 5 Yr. CAGR %	-15.79	-14.44	-22.36	-14.67	1.8
Inventory, 5 Yr. CAGR %	-0.86	2.89	-3.61	2.48	-0.11
Net Property, Plant and Equip., 5 Yr. CAGR %	-1.05	-0.4	-1.36	-1.32	-0.65
Total Assets, 5 Yr. CAGR %	-3.75	-0.56	-2.53	-1.04	-0.95
Tangible Book Value, 5 Yr. CAGR %	2.12	2.01	-1.73	-0.91	-0.07
Common Equity, 5 Yr. CAGR %	2.13	2.01	-1.73	-0.91	-0.08
Cash From Operations, 5 Yr. CAGR %	13.33	39.08	10.27	16.67	-4.42
Capital Expenditures, 5 Yr. CAGR %	11.56	26.47	75.99	-19.46	-31.34
Levered Free Cash Flow, 5 Yr. CAGR %	-7.71	60.55	11.88	34.2	33.46
Unlevered Free Cash Flow, 5 Yr. CAGR %	-12.39	76.1	10.89	28.16	29.63