Cash flow EXPRIVIA

Stocks

XPR

IT0001477402

Real-time Borsa Italiana 11:44:59 2024-07-16 EDT			5-day change	1st Jan Change
1.520 ^EUR	-.--%		-.--%	-

04-20	Exprivia SpA Reports Earnings Results for the Full Year Ended December 31, 2025	CI
25-06-08	Exprivia SpA Reports Earnings Results for the Full Year Ended December 31, 2024	CI

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Published financial data: EXPRIVIA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Revenues	176M	176M	195M	209M	327M
Other Revenues, Total	1.67M	2.27M	2.46M	2.69M	8.07M
Total Revenues	178M	178M	197M	212M	335M
Cost of Goods Sold, Total	154M	155M	174M	185M	300M
Gross Profit	24.46M	23.06M	23.84M	26.28M	34.79M
Selling General & Admin Expenses, Total	282K	293K	456K	600K	-
Depreciation & Amortization - (IS)	6.43M	5.92M	5.84M	6.34M	9.65M
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses	-283K	-2.33M	-3.57M	-3.1M	1.8M
Other Operating Expenses, Total	6.43M	3.88M	2.73M	3.84M	11.45M
Operating Income	18.03M	19.18M	21.11M	22.44M	23.34M
Interest Expense, Total	-2.55M	-2.34M	-2.85M	-4.82M	-1.73M
Interest And Investment Income	204K	184K	152K	134K	-
Net Interest Expenses	-2.35M	-2.16M	-2.7M	-4.68M	-1.73M
Income (Loss) On Equity Invest.	53K	-24K	-	-	-
Currency Exchange Gains (Loss)	99K	68K	-83K	-14K	-
Other Non Operating Income (Expenses)	-768K	-432K	-255K	740K	-
EBT, Excl. Unusual Items	15.07M	16.64M	18.07M	18.49M	21.61M
Gain (Loss) On Sale Of Assets	102K	-	-	-	-
Asset Writedown	-	-	-	-	-
Legal Settlements	-15K	-60K	39K	-	-
EBT, Incl. Unusual Items	15.16M	16.58M	18.11M	18.49M	21.61M
Income Tax Expense	5.02M	5.04M	4.96M	5.15M	6.39M
Earnings From Continuing Operations	10.14M	11.53M	13.16M	13.34M	15.22M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	10.14M	11.53M	13.16M	13.34M	15.22M
Minority Interest	32K	1K	-16K	-48K	-399K
Net Income - (IS)	10.17M	11.53M	13.14M	13.29M	14.82M
Net Income to Common Incl Extra Items	10.17M	11.53M	13.14M	13.29M	14.82M
Net Income to Common Excl. Extra Items	10.17M	11.53M	13.14M	13.29M	14.82M
Per Share Items
Net EPS - Basic	0.21	0.23	0.27	-	-
Basic EPS - Continuing Operations	0.21	0.23	0.27	-	-
Basic Weighted Average Shares Outstanding	47.34M	50.36M	47.82M	-	-
Net EPS - Diluted	0.21	0.23	0.27	-	-
Diluted EPS - Continuing Operations	0.21	0.23	0.27	-	-
Diluted Weighted Average Shares Outstanding	47.34M	50.36M	47.82M	-	-
Normalized Basic EPS	0.2	0.21	0.24	-	-
Normalized Diluted EPS	0.2	0.21	0.24	-	-
Dividend Per Share	0.05	-	-	-	-
Payout Ratio	-	19.58	-	21.16	-
Supplemental Items
EBITDA	20.55M	21.07M	22.72M	25.06M	31.15M
EBITA	18.76M	19.77M	21.58M	22.92M	23.34M
EBIT	18.03M	19.18M	21.11M	22.44M	23.34M
EBITDAR	20.83M	21.37M	23.18M	25.66M	-
Total Revenues (As Reported)	182M	184M	203M	217M	335M
Effective Tax Rate - (Ratio)	33.1	30.42	27.36	27.85	29.58
Current Domestic Taxes	4.92M	4.86M	4.74M	5.2M	-
Current Foreign Taxes	35K	65K	46K	50K	-
Total Current Taxes	4.95M	4.92M	4.78M	5.25M	-
Total Deferred Taxes	234K	139K	191K	-21K	-
Normalized Net Income	9.45M	10.4M	11.28M	11.51M	13.11M
Interest on Long-Term Debt	175K	176K	176K	175K	-
Non-Cash Pension Expense	29K	75K	-	-	-
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	5M	1.2M	-	-	-
Net Rental Expense, Total	282K	293K	456K	600K	-
Imputed Operating Lease Interest Expense	92.89K	120K	266K	391K	-
Imputed Operating Lease Depreciation	189K	173K	190K	209K	-

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Assets
Cash And Equivalents	19.06M	17.29M	23.45M	17.2M	36.19M
Short Term Investments	-	2K	2K	2K	2K
Trading Asset Securities, Total	2K	-	-	-	-
Total Cash And Short Term Investments	19.06M	17.29M	23.45M	17.2M	36.19M
Accounts Receivable, Total	75.92M	77.39M	84.64M	91.03M	139M
Other Receivables	8.36M	11.5M	14.75M	17.3M	-
Notes Receivable	468K	475K	-	-	-
Total Receivables	84.74M	89.37M	99.39M	108M	139M
Inventory	942K	913K	1.74M	1.16M	2M
Prepaid Expenses	1.46M	2.09M	1.46M	2.77M	-
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	217K	228K	-	34K	31.83M
Total Current Assets	106M	110M	126M	130M	209M
Gross Property Plant And Equipment	-	-	-	-	-
Accumulated Depreciation	-	-	-	-	-
Net Property Plant And Equipment	18.02M	16.39M	17.44M	18.28M	24.35M
Long-term Investments	841K	816K	663K	1.11M	1.46M
Goodwill	69.07M	69.07M	69.07M	73.02M	85.86M
Other Intangibles, Total	4.19M	3.31M	1.18M	1.12M	9.69M
Accounts Receivable Long-Term	91K	47K	-	591K	-
Loans Receivable Long-Term	467K	-	-	-	-
Deferred Tax Assets Long-Term	2.1M	2.09M	1.94M	2.35M	3.14M
Deferred Charges Long-Term	5.08M	4.83M	6.19M	5.59M	-
Other Long-Term Assets, Total	837K	780K	917K	497K	2.39M
Total Assets	207M	207M	223M	232M	336M
Liabilities
Accounts Payable, Total	28.52M	27.27M	33.77M	39.52M	59.08M
Accrued Expenses, Total	26M	30M	31.84M	33.48M	-
Short-term Borrowings	422K	1.62M	2.07M	3.92M	-
Current Portion of Long-Term Debt	14.02M	19.26M	18.87M	20.13M	26.38M
Current Portion of Leases	1.84M	1.8M	1.82M	2.05M	-
Current Income Taxes Payable	7.4M	6.71M	4.91M	6.22M	-
Unearned Revenue Current, Total	5.56M	9.79M	5.85M	4.96M	12.83M
Other Current Liabilities	5.27M	747K	6.35M	8.15M	83.18M
Total Current Liabilities	89.04M	97.2M	105M	118M	181M
Long-Term Debt	30.18M	15.41M	9.95M	23.26M	39.49M
Long-Term Leases	3.79M	2.85M	4.56M	4.86M	-
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non Current	1.6M	1.81M	1.81M	1.88M	2.14M
Other Non Current Liabilities	8.58M	7.2M	6.7M	7.83M	19.62M
Total Liabilities	133M	124M	128M	156M	243M
Common Stock, Total	73.89M	82.67M	94.84M	75.7M	90.53M
Total Common Equity	73.89M	82.67M	94.84M	75.7M	90.53M
Minority Interest	50K	85K	101K	87K	2.35M
Total Equity	73.94M	82.76M	94.94M	75.79M	92.88M
Total Liabilities And Equity	207M	207M	223M	232M	336M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	47.34M	46.7M	46.16M	-	-
ECS Total Common Shares Outstanding	47.34M	46.7M	46.16M	-	-
Book Value / Share	1.56	1.77	2.05	-	-
Tangible Book Value	625K	10.29M	24.59M	1.56M	-5.02M
Tangible Book Value Per Share	0.01	0.22	0.53	-	-
Total Debt	50.26M	40.94M	37.27M	54.22M	65.86M
Net Debt	31.19M	23.64M	13.82M	37.02M	29.67M
Debt Equivalent Oper. Leases	2.26M	2.34M	3.65M	4.8M	-
Minority Interest, Total (Incl. Fin. Div)	50K	85K	101K	87K	2.35M
Equity Method Investments, Total	562K	544K	544K	492K	-
Account Code - Inventory Valuation	8	8	8	8	-
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	942K	913K	1.74M	1.16M	-
Land - (BS)	-	-	-	-	-
Buildings, Total	-	-	-	-	-
Machinery, Total	-	-	-	-	-
Full Time Employees	2.4K	2.39K	2.5K	2.62K	-
Part Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	6.49M	2.43M	764K	794K	-

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Net Income	10.17M	11.53M	13.14M	13.29M	14.82M
Depreciation & Amortization - CF	3.66M	3.26M	3.13M	4.51M	7.81M
Amortization of Goodwill and Intangible Assets - (CF)	733K	593K	465K	479K	-
Depreciation & Amortization, Total	4.4M	3.85M	3.59M	4.99M	7.81M
Amortization of Deferred Charges, Total - (CF)	2.04M	2.07M	2.25M	2.34M	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Provision and Write-off of Bad Debts	-	-	-	-	-
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	1.69M	1.53M	300K	-108K	-29K
Change In Accounts Receivable	-4.9M	969K	-3.57M	-4.51M	-8K
Change In Inventories	28K	-2.58M	-4.99M	1.56M	3.89M
Change In Accounts Payable	3.14M	-1.2M	6.4M	4.53M	4.99M
Change In Income Taxes	2M	-193K	-571K	-373K	2.63M
Change in Other Net Operating Assets	242K	-2.2M	416K	-850K	-5.81M
Cash from Operations	18.81M	13.78M	16.97M	20.88M	28.29M
Capital Expenditure	-893K	-571K	-568K	-1.18M	-2.94M
Cash Acquisitions	-	-	-	-374K	-7.12M
Sale (Purchase) of Intangible assets	-1.83M	-1.53M	-1.94M	-1.97M	-2.37M
Net (Increase) Decrease in Loans Originated / Sold - Investing	806K	503K	-367K	97K	-516K
Other Investing Activities, Total	-567K	69K	158K	-381K	-167K
Cash from Investing	-2.48M	-1.53M	-2.72M	-3.81M	-13.11M
Long-Term Debt Issued, Total	2.14M	2.28M	23.68M	27.96M	81.25M
Total Debt Issued	2.14M	2.28M	23.68M	27.96M	81.25M
Long-Term Debt Repaid, Total	-13.25M	-12.83M	-28.76M	-43.58M	-61.03M
Total Debt Repaid	-13.25M	-12.83M	-28.76M	-43.58M	-61.03M
Issuance of Common Stock	50K	293K	150K	-	-
Repurchase of Common Stock	-	-1.15M	-896K	-3.23M	-64K
Common Dividends Paid	-	-2.26M	-	-2.81M	-
Common & Preferred Stock Dividends Paid	-	-2.26M	-	-2.81M	-
Other Financing Activities, Total	-14.08M	-366K	-2.26M	-1.72M	-16.34M
Cash from Financing	-25.13M	-14.02M	-8.09M	-23.37M	3.82M
Miscellaneous Cash Flow Adjustments	-	-	1K	1K	-2K
Net Change in Cash	-8.81M	-1.77M	6.16M	-6.3M	18.99M
Supplemental Items
Cash Interest Paid	3.1M	3.1M	-	-	-
Cash Income Tax Paid (Refund)	3.8M	3.1M	7.8M	6.17M	-
Levered Free Cash Flow	16.76M	10.88M	12.96M	15.46M	18.57M
Unlevered Free Cash Flow	18.36M	12.34M	14.74M	18.47M	19.65M
Change In Net Working Capital	-3.38M	3.47M	1.79M	-261K	-2.55M
Net Debt Issued / Repaid	-11.11M	-10.54M	-5.09M	-15.61M	20.22M

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Profitability
Return on Assets	5.32	5.79	6.13	6.15	5.14
Return on Total Capital	8.62	9.67	10.31	10.68	10.1
Return On Equity %	14.73	14.72	14.81	18.48	18.05
Return on Common Equity	14.79	14.73	14.81	18.44	17.83
Margin Analysis
Gross Profit Margin %	13.73	12.93	12.07	12.42	10.38
SG&A Margin	0.16	0.16	0.23	0.28	-
EBITDA Margin %	11.54	11.81	11.5	11.84	9.29
EBITA Margin %	10.53	11.08	10.93	10.83	6.96
EBIT Margin %	10.12	10.75	10.69	10.61	6.96
Income From Continuing Operations Margin %	5.69	6.47	6.66	6.3	4.54
Net Income Margin %	5.71	6.47	6.65	6.28	4.42
Net Avail. For Common Margin %	5.71	6.47	6.65	6.28	4.42
Normalized Net Income Margin	5.3	5.83	5.71	5.44	3.91
Levered Free Cash Flow Margin	9.41	6.1	6.56	7.31	5.54
Unlevered Free Cash Flow Margin	10.31	6.92	7.46	8.73	5.86
Asset Turnover
Asset Turnover	0.84	0.86	0.92	0.93	1.18
Fixed Assets Turnover	9.62	10.37	11.68	11.85	15.73
Receivables Turnover (Average Receivables)	2.36	2.3	2.41	2.38	2.85
Inventory Turnover (Average Inventory)	153.23	167.45	130.91	127.7	189.81
Short Term Liquidity
Current Ratio	1.2	1.13	1.19	1.09	1.15
Quick Ratio	1.16	1.09	1.16	1.06	0.96
Operating Cash Flow to Current Liabilities	0.21	0.14	0.16	0.18	0.16
Days Sales Outstanding (Average Receivables)	154.78	158.88	151.61	153.9	128.12
Days Outstanding Inventory (Average Inventory)	2.38	2.18	2.79	2.87	1.92
Average Days Payable Outstanding	64.2	65.58	63.85	72.62	59.72
Cash Conversion Cycle (Average Days)	92.97	95.48	90.55	84.15	70.32
Long Term Solvency
Total Debt/Equity	67.97	49.47	39.26	71.53	70.91
Total Debt / Total Capital	40.46	33.09	28.19	41.7	41.49
LT Debt/Equity	45.94	22.06	15.28	37.11	42.52
Long-Term Debt / Total Capital	27.35	14.76	10.97	21.63	24.88
Total Liabilities / Total Assets	64.3	60.07	57.51	67.34	72.32
EBIT / Interest Expense	7.07	8.2	7.4	4.66	13.51
EBITDA / Interest Expense	8.79	9.84	8.66	5.69	18.04
(EBITDA - Capex) / Interest Expense	8.44	9.6	8.46	5.45	16.34
Total Debt / EBITDA	2.24	1.78	1.51	1.98	2.11
Net Debt / EBITDA	1.39	1.03	0.56	1.35	0.95
Total Debt / (EBITDA - Capex)	2.33	1.82	1.54	2.07	2.33
Net Debt / (EBITDA - Capex)	1.45	1.05	0.57	1.41	1.05
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	8.84	-0.39	10.72	7.13	58.46
Gross Profit, 1 Yr. Growth %	30.04	-8.95	2.76	12.06	32.39
EBITDA, 1 Yr. Growth %	20.11	2.03	7.65	8.74	24.31
EBITA, 1 Yr. Growth %	18.99	4.8	9.12	9.3	1.81
EBIT, 1 Yr. Growth %	20.43	5.77	10.07	9.45	3.99
Earnings From Cont. Operations, 1 Yr. Growth %	17.45	13.76	14.08	10.62	14.12
Net Income, 1 Yr. Growth %	-93.86	13.41	13.93	10.36	11.53
Normalized Net Income, 1 Yr. Growth %	29.67	9.3	8.48	10.13	13.93
Diluted EPS Before Extra, 1 Yr. Growth %	17.23	6.61	20	-	-
Accounts Receivable, 1 Yr. Growth %	2.93	1.93	9.37	7.55	52.33
Inventory, 1 Yr. Growth %	-11.47	-3.08	90.58	-33.22	72.46
Net Property, Plant and Equip., 1 Yr. Growth %	-5.32	-9.03	6.39	4.82	33.24
Total Assets, 1 Yr. Growth %	-4.39	0.05	7.82	3.66	44.62
Tangible Book Value, 1 Yr. Growth %	-105.7	1.55K	139.04	-187.38	-420.83
Common Equity, 1 Yr. Growth %	16.11	11.89	14.71	10.58	19.59
Cash From Operations, 1 Yr. Growth %	-48.21	-26.74	23.15	34.65	35.51
Capital Expenditures, 1 Yr. Growth %	-68.83	-36.06	-0.7	107.57	149.53
Levered Free Cash Flow, 1 Yr. Growth %	-186.95	-35.35	19.14	22.32	20.09
Unlevered Free Cash Flow, 1 Yr. Growth %	-204.63	-33.01	19.46	24.16	6.36
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	3.91	4.39	5.02	8.91	30.29
Gross Profit, 2 Yr. CAGR %	21.1	10.73	-2.99	6.43	21.8
EBITDA, 2 Yr. CAGR %	18.51	10.98	4.88	8.96	16.27
EBITA, 2 Yr. CAGR %	33.98	11.98	6.94	7.67	5.49
EBIT, 2 Yr. CAGR %	31.34	13.18	7.9	8.18	6.68
Earnings From Cont. Operations, 2 Yr. CAGR %	59.14	15.59	13.92	7.54	12.35
Net Income, 2 Yr. CAGR %	-75.74	-73.61	13.67	7.34	10.94
Normalized Net Income, 2 Yr. CAGR %	-63.43	19.45	8.89	5.19	12.02
Diluted EPS Before Extra, 2 Yr. CAGR %	-61.64	11.79	13.11	-	-
Accounts Receivable, 2 Yr. CAGR %	-37.63	2.43	5.58	8.46	28
Inventory, 2 Yr. CAGR %	-80.1	-7.37	35.91	12.82	7.32
Net Property, Plant and Equip., 2 Yr. CAGR %	-38.28	-7.19	-1.62	5.6	18.18
Total Assets, 2 Yr. CAGR %	-29.67	-2.2	3.86	5.82	22.44
Tangible Book Value, 2 Yr. CAGR %	-94.09	-3.17	527.25	-61	67.44
Common Equity, 2 Yr. CAGR %	-15.69	13.98	13.29	-4.31	15
Cash From Operations, 2 Yr. CAGR %	-24.24	-38.4	-5.01	23.09	35.08
Capital Expenditures, 2 Yr. CAGR %	-31.73	-55.36	-20.25	43.57	127.59
Levered Free Cash Flow, 2 Yr. CAGR %	-37	-24.88	-12.25	19.22	21.2
Unlevered Free Cash Flow, 2 Yr. CAGR %	-35.84	-16.13	-10.55	22.35	14.91
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-33.82	2.64	6.46	5.72	23.41
Gross Profit, 3 Yr. CAGR %	-15.02	11.41	8.22	1.23	14.47
EBITDA, 3 Yr. CAGR %	-10.37	12.93	9.91	6.66	13.86
EBITA, 3 Yr. CAGR %	-8.51	23.67	11.02	6.71	5.68
EBIT, 3 Yr. CAGR %	-5.19	22.42	12.14	7.37	6.76
Earnings From Cont. Operations, 3 Yr. CAGR %	131.61	42.29	15.08	9.57	9.69
Net Income, 3 Yr. CAGR %	294.22	-59.43	-57.03	9.33	8.72
Normalized Net Income, 3 Yr. CAGR %	59.8	-47.2	15.68	6.54	8.03
Diluted EPS Before Extra, 3 Yr. CAGR %	273.06	-46.07	14.46	-	-
Accounts Receivable, 3 Yr. CAGR %	-29.82	-26.53	4.69	6.24	21.46
Inventory, 3 Yr. CAGR %	-69.73	-66.26	17.82	7.25	29.96
Net Property, Plant and Equip., 3 Yr. CAGR %	-13.32	-29.76	-2.87	0.48	14.11
Total Assets, 3 Yr. CAGR %	-32.31	-20.9	1.04	3.86	17.43
Tangible Book Value, 3 Yr. CAGR %	-83.97	-61.42	30.87	35.79	-21.27
Common Equity, 3 Yr. CAGR %	0.74	-7.35	14.22	0.81	3.07
Cash From Operations, 3 Yr. CAGR %	-15.41	-25.08	-22.4	3.54	27.1
Capital Expenditures, 3 Yr. CAGR %	-36.75	-33.2	-41.69	9.7	72.62
Levered Free Cash Flow, 3 Yr. CAGR %	-5.1	-36.38	-12.4	-2.78	19.51
Unlevered Free Cash Flow, 3 Yr. CAGR %	-13.8	-34.83	-5.64	0.09	16.77
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	5	2.21	-20.31	5.1	15.42
Gross Profit, 5 Yr. CAGR %	9.29	3.8	-9.77	9.52	13.09
EBITDA, 5 Yr. CAGR %	9.35	13.26	-4.46	11.36	12.73
EBITA, 5 Yr. CAGR %	10.45	28.17	-2.51	17.01	8.16
EBIT, 5 Yr. CAGR %	15.55	27.39	-0.04	16.51	9.28
Earnings From Cont. Operations, 5 Yr. CAGR %	29	196.89	74.38	27.21	12.01
Net Income, 5 Yr. CAGR %	29.24	235.83	139.72	-40.13	-38.29
Normalized Net Income, 5 Yr. CAGR %	20.47	54.45	37.26	-30.44	12.65
Diluted EPS Before Extra, 5 Yr. CAGR %	30.02	228.35	131.45	-	-
Accounts Receivable, 5 Yr. CAGR %	0.22	-16.2	-17.36	-14.15	13.46
Inventory, 5 Yr. CAGR %	-1.56	-53.28	-44.8	-45.32	13.5
Net Property, Plant and Equip., 5 Yr. CAGR %	2.35	-10.29	-8.82	-17.32	5.06
Total Assets, 5 Yr. CAGR %	0.09	-20.32	-19.67	-11.14	9.15
Tangible Book Value, 5 Yr. CAGR %	41.04	-41.18	-30.51	-61.25	-14.47
Common Equity, 5 Yr. CAGR %	-0.23	2.13	5.59	-6.15	7.3
Cash From Operations, 5 Yr. CAGR %	8.95	8.14	-11.39	-8.62	-4.87
Capital Expenditures, 5 Yr. CAGR %	-25.8	-3.99	-30.6	-9.25	0.53
Levered Free Cash Flow, 5 Yr. CAGR %	22.88	72.73	-7.96	-18.21	-0.75
Unlevered Free Cash Flow, 5 Yr. CAGR %	33.84	55.38	-12.45	-16.16	2.29