Income Statement Fairplay Properties REIT

Stocks

FPP

BG1100042057

Real Estate Development & Operations

End-of-day quote Bulgaria S.E. 2026-09-17			5-day change	1st Jan Change
0.7200 ^EUR	-8.86%		-3.36%	-10.20%

07-27	Fairplay Properties REIT Reports Earnings Results for the Half Year Ended June 30, 2026	CI
04-29	Fairplay Properties REIT Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: FAIRPLAY PROPERTIES REIT

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (BGN)	2022 (BGN)	2023 (BGN)	2024 (BGN)	2025 (BGN)
Rental Revenues	9.52M	10.42M	10.51M	-	50.22M
Other Revenues, Total	-	11K	-	12.38M	-
Total Revenues	9.52M	10.43M	10.51M	12.38M	50.22M
Property Expenses	7.89M	2.78M	1.53M	1.83M	30.55M
Selling General & Admin Expenses, Total	920K	2.74M	3.35M	3.08M	4.18M
Depreciation & Amortization - (IS) - (Collected)	361K	784K	866K	875K	673K
Other Operating Expenses	737K	707K	941K	1M	744K
Total Operating Expenses	9.9M	7M	6.68M	6.78M	36.15M
Operating Income (REIT / Utility Template)	-384K	3.43M	3.82M	5.6M	14.07M
Interest Expense, Total	-253K	-648K	-706K	-690K	-456K
Interest and Investment Income	-	-	-	-	-
Net Interest Expenses	-253K	-648K	-706K	-690K	-456K
Currency Exchange Gains (Loss)	1K	-1K	-2K	-11K	-21K
Other Non Operating Income (Expenses)	-17K	-55K	-160K	4.78M	-138K
EBT, Excl. Unusual Items	-653K	2.72M	2.96M	9.68M	13.45M
Gain (Loss) on Sale of Assets	-	-	-	-	-
Asset Writedown	-	2.96M	31K	-	5.9M
Insurance Settlements	1K	2K	15K	-	27K
Other Unusual Items	-	11K	1K	-	-
EBT, Incl. Unusual Items	-652K	5.69M	3M	9.68M	19.38M
Earnings From Continuing Operations	-652K	5.69M	3M	9.68M	19.38M
Net Income to Company	-652K	5.69M	3M	9.68M	19.38M
Net Income - (IS)	-652K	5.69M	3M	9.68M	19.38M
Net Income to Common Incl Extra Items	-652K	5.69M	3M	9.68M	19.38M
Net Income to Common Excl. Extra Items	-652K	5.69M	3M	9.68M	19.38M
Per Share Items
Net EPS - Basic	-0.01	0.11	0.04	0.12	0.25
Basic EPS - Continuing Operations	-0.01	0.11	0.04	0.12	0.25
Basic Weighted Average Shares Outstanding	50.15M	52.76M	76.78M	-	78.55M
Net EPS - Diluted	-0.01	0.11	0.04	0.12	0.25
Diluted EPS - Continuing Operations	-0.01	0.11	0.04	0.12	0.25
Diluted Weighted Average Shares Outstanding	50.15M	52.76M	76.78M	-	78.55M
Normalized Basic EPS	-0.01	0.03	0.02	0.08	0.11
Normalized Diluted EPS	-0.01	0.03	0.02	0.08	0.11
Dividend Per Share	0.01	0.01	0.01	0.02	-
Payout Ratio	-0.15	6.97	32.5	8.11	8.12
Supplemental Items
EBITDA	-23K	4.21M	4.69M	6.47M	14.74M
EBITA	-384K	3.43M	3.82M	5.6M	14.07M
EBIT	-384K	3.43M	3.82M	5.6M	14.07M
EBITDAR	3K	4.29M	4.78M	-	14.84M
Total Revenues (As Reported)	-	-	-	12.38M	-
Normalized Net Income	-408K	1.7M	1.85M	6.05M	8.41M
Interest on Long-Term Debt	270K	703K	866K	-	-
Supplemental Operating Expense Items
Marketing Expenses	1K	4K	17K	-	20K
Selling and Marketing Expenses	1K	4K	17K	-	20K
Net Rental Expense, Total	26K	78K	89K	-	96K
Imputed Operating Lease Interest Expense	4.21K	15.69K	15.15K	-	7.26K
Imputed Operating Lease Depreciation	21.79K	62.31K	73.85K	-	88.74K

Fiscal Period: December	2021 (BGN)	2022 (BGN)	2023 (BGN)	2024 (BGN)	2025 (BGN)
Assets
Gross Property Plant And Equipment	8.21M	9.6M	22.53M	23.16M	21.49M
Accumulated Depreciation	-2.3M	-3.09M	-3.95M	-4.83M	-4.42M
Net Property Plant And Equipment	5.91M	6.52M	18.58M	18.34M	17.07M
Total Real Estate Assets	5.91M	6.52M	18.58M	18.34M	17.07M
Cash And Equivalents	4.99M	11.88M	6.14M	2.49M	35.31M
Accounts Receivable, Total	156K	316K	354K	216K	1.41M
Other Receivables	516K	42K	96K	2.24M	10K
Other Intangibles, Total	-	-	4K	3K	3K
Notes Receivable (Collected)	-	-	-	-	-
Restricted Cash	-	-	-	1.18M	-
Other Current Assets, Total	26.57M	37.62M	40.15M	63.48M	82.59M
Other Long-Term Assets, Total	51.24M	76.11M	78.21M	84.05M	64.35M
Total Assets	89.38M	132M	144M	172M	201M
Liabilities
Current Portion of Long-Term Debt	1.08M	2.07M	2.08M	6.39M	7.2M
Long-Term Debt	17.95M	30.45M	31.78M	44.8M	38.09M
Accounts Payable, Total	552K	377K	1.02M	1.98M	1.85M
Accrued Expenses, Total	11K	13K	18K	11K	362K
Unearned Revenue, Current	1.45M	691K	1.96M	-	19.64M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	141K	1.11M	1.39M	4.66M	1.63M
Total Liabilities	21.18M	34.71M	38.25M	57.84M	68.77M
Common Stock, Total	49.04M	73.04M	78.54M	78.54M	78.54M
Additional Paid In Capital	232K	330K	330K	330K	330K
Retained Earnings	18.92M	24.4M	26.4M	35.28M	53.09M
Total Common Equity	68.19M	97.77M	105M	114M	132M
Total Equity	68.19M	97.77M	105M	114M	132M
Total Liabilities And Equity	89.38M	132M	144M	172M	201M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	49.05M	73.05M	78.55M	78.55M	78.55M
ECS Total Common Shares Outstanding	49.05M	73.05M	78.55M	78.55M	78.55M
Book Value / Share	1.39	1.34	1.34	1.45	1.68
Tangible Book Value	68.19M	97.77M	105M	114M	132M
Tangible Book Value Per Share	1.39	1.34	1.34	1.45	1.68
Total Debt	19.03M	32.51M	33.86M	51.19M	45.29M
Net Debt	14.04M	20.63M	27.72M	48.7M	9.98M
Debt Equivalent Oper. Leases	208K	624K	712K	-	768K
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	-	-	19K	21K	20K
Inventories - Work In Process, Total	16.42M	16.58M	32.27M	57.91M	75.91M
Inventories - Finished Goods, Total	7.29M	4.72M	3.35M	2.42M	1.95M
Land - (BS)	1.66M	1.74M	14.39M	14.9M	15.02M
Machinery, Total	24K	26K	36K	6.54M	4.75M
Full Time Employees	4	4	5	-	4

Fiscal Period: December	2021 (BGN)	2022 (BGN)	2023 (BGN)	2024 (BGN)	2025 (BGN)
Net Income	-652K	5.69M	3M	9.68M	19.38M
Depreciation, Depletion & Amortization	361K	784K	866K	874K	673K
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	1K	-
Total Depreciation, Depletion & Amortization	361K	784K	866K	875K	673K
Other Operating Activities	10.86M	7.61M	-11.08M	-26.87M	-22.94M
Cash from Operations	10.57M	14.08M	-7.21M	-16.31M	-2.89M
Acquisition of Real Estate Assets, Total	-23.66M	-43.68M	-3.52M	-1.31M	-1.46M
Sale of Real Estate Assets, Total	-	-	-	-	45.05M
Net Sale / Acquisition of Real Estate Assets	-23.66M	-43.68M	-3.52M	-1.31M	43.59M
Cash from Investing	-23.66M	-43.68M	-3.52M	-1.31M	43.59M
Long-Term Debt Issued, Total	3.4M	18.27M	3.52M	19.68M	10.27M
Total Debt Issued	3.4M	18.27M	3.52M	19.68M	10.27M
Long-Term Debt Repaid, Total	-1.55M	-4.85M	-2.18M	-2.28M	-16.29M
Total Debt Repaid	-1.55M	-4.85M	-2.18M	-2.28M	-16.29M
Issuance of Common Stock	15.9M	24.1M	5.5M	-	-
Common Dividends Paid	-1K	-397K	-976K	-785K	-1.57M
Common & Preferred Stock Dividends Paid	-1K	-397K	-976K	-785K	-1.57M
Other Financing Activities, Total	-270K	-637K	-869K	-1.47M	-1.47M
Cash from Financing	17.48M	36.48M	4.99M	15.15M	-9.06M
Net Change in Cash	4.4M	6.89M	-5.74M	-2.47M	31.64M
Supplemental Items
Cash Interest Paid	253K	615K	867K	1.69M	1.46M
Cash Income Tax Paid (Refund)	416K	-	-	-	-
Net Debt Issued / Repaid	1.85M	13.42M	1.34M	17.4M	-6.02M
Levered Free Cash Flow	-21.29M	-51.8M	-1.13M	-20.73M	6.48M
Unlevered Free Cash Flow	-21.13M	-51.4M	-691K	-20.3M	6.77M
Change In Net Working Capital	-2.41M	10.65M	428K	23.37M	1.23M

Fiscal Period: December	2021 (BGN)	2022 (BGN)	2023 (BGN)	2024 (BGN)	2025 (BGN)
Profitability
Return on Assets	-0.31	1.93	1.73	2.22	4.72
Return on Total Capital	-0.33	1.97	1.77	2.3	5.13
Return On Equity %	-1.08	6.85	2.96	8.82	15.75
Return on Common Equity	-1.08	6.85	2.96	8.82	15.75
Margin Analysis
Gross Profit Margin %	17.16	73.37	85.48	85.4	39.17
SG&A Margin	11.49	27.82	33.67	26.45	8.64
EBITDA Margin %	-0.24	40.38	44.64	52.3	29.36
EBITA Margin %	-4.03	32.87	36.39	45.24	28.02
EBIT Margin %	-4.03	32.87	36.39	45.23	28.02
Income From Continuing Operations Margin %	-6.85	54.58	28.58	78.23	38.6
Net Income Margin %	-6.85	54.58	28.58	78.23	38.6
Net Avail. For Common Margin %	-6.85	54.58	28.58	78.23	38.6
Normalized Net Income Margin	-4.29	16.32	17.58	48.9	16.75
Levered Free Cash Flow Margin	-223.56	-496.53	-10.78	-167.52	12.91
Unlevered Free Cash Flow Margin	-221.9	-492.65	-6.58	-164.04	13.48
Asset Turnover
Asset Turnover	0.12	0.09	0.08	0.08	0.27
Fixed Assets Turnover	1.89	1.68	0.84	0.67	2.84
Receivables Turnover (Average Receivables)	118.27	39.93	31.36	-	61.88
Inventory Turnover (Average Inventory)	0.29	0.12	0.05	0.04	0.44
Short Term Liquidity
Current Ratio	9.97	11.7	7.23	5.34	3.89
Quick Ratio	1.75	2.87	1.02	0.38	1.2
Operating Cash Flow to Current Liabilities	3.27	3.31	-1.11	-1.25	-0.09
Days Sales Outstanding (Average Receivables)	3.09	9.14	11.64	-	5.9
Days Outstanding Inventory (Average Inventory)	1.28K	2.96K	6.81K	9.72K	825.84
Average Days Payable Outstanding	1.67K	454.54	16.12	20.72	14.54
Cash Conversion Cycle (Average Days)	-388.95	2.51K	6.81K	-	817.2
Long Term Solvency
Total Debt/Equity	27.9	33.25	32.17	44.84	34.32
Total Debt / Total Capital	21.81	24.95	24.34	30.96	25.55
LT Debt/Equity	26.32	31.14	30.19	39.24	28.86
Long-Term Debt / Total Capital	20.58	23.37	22.84	27.09	21.49
Total Liabilities / Total Assets	23.7	26.2	26.65	33.63	34.26
EBIT / Interest Expense	-1.52	5.29	5.42	8.11	30.85
EBITDA / Interest Expense	-0.09	6.5	6.64	9.38	32.33
(EBITDA - Capex) / Interest Expense	-93.6	-60.9	1.66	7.49	29.12
Total Debt / EBITDA	-827.26	7.72	7.22	7.91	3.07
Net Debt / EBITDA	-610.35	4.9	5.91	7.52	0.68
Total Debt / (EBITDA - Capex)	-0.8	-0.82	28.92	9.91	3.41
Net Debt / (EBITDA - Capex)	-0.59	-0.52	23.67	9.43	0.75
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	186.35	9.01	0.82	17.2	320.22
Gross Profit, 1 Yr. Growth %	131.44	354.57	17.49	16.99	93.92
EBITDA, 1 Yr. Growth %	-95.2	15.5K	11.32	37.55	127.99
EBITA, 1 Yr. Growth %	-43.61	-1.13K	11.52	45.81	151.59
EBIT, 1 Yr. Growth %	-43.61	-1.13K	11.52	45.78	151.64
Earnings From Cont. Operations, 1 Yr. Growth %	-422.77	-1.36K	-47.26	222.41	100.18
Net Income, 1 Yr. Growth %	-422.77	-1.36K	-47.26	222.41	100.18
Diluted EPS Before Extra, 1 Yr. Growth %	-316.67	-1.3K	-63.76	215.08	100.24
Normalized Net Income, 1 Yr. Growth %	-20.46	-551.91	8.48	189.27	180.82
Net Property, Plant and Equip., 1 Yr. Growth %	41.87	10.31	185.14	-1.3	-6.92
Inventory, 1 Yr. Growth %	-24.57	-10.14	67.3	69.33	29.04
Accounts Receivable, 1 Yr. Growth %	3.02K	53.4	12.03	-38.98	551.39
Total Assets, 1 Yr. Growth %	41.18	47.9	8.34	19.83	16.71
Common Equity, 1 Yr. Growth %	28.8	42.96	7.67	8.43	15.6
Tangible Book Value, 1 Yr. Growth %	28.8	42.96	7.67	8.44	15.6
Cash From Operations, 1 Yr. Growth %	211.83	33.2	-151.2	126.18	-82.27
Capital Expenditures, 1 Yr. Growth %	655.57	84.63	-91.94	-62.83	12
Levered Free Cash Flow, 1 Yr. Growth %	6.44K	143.17	-97.81	931.85	-133.15
Unlevered Free Cash Flow, 1 Yr. Growth %	8.72K	143.08	-98.66	1.19K	-135.38
Dividend Per Share, 1 Yr. Growth %	-	51.19	-19.69	96.08	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	14.84	77.14	4.78	8.97	118.07
Gross Profit, 2 Yr. CAGR %	-31.68	229.28	130.94	17.59	47.55
EBITDA, 2 Yr. CAGR %	-84.37	196.57	1.22K	23.95	76.99
EBITA, 2 Yr. CAGR %	-25.83	124.39	238.37	27.78	91.41
EBIT, 2 Yr. CAGR %	-25.83	124.39	238.37	27.77	91.41
Earnings From Cont. Operations, 2 Yr. CAGR %	20.77	430.92	157.47	30.4	154.04
Net Income, 2 Yr. CAGR %	20.77	430.92	157.47	30.4	154.04
Diluted EPS Before Extra, 2 Yr. CAGR %	-1.82	324.13	108.46	6.85	151.18
Normalized Net Income, 2 Yr. CAGR %	10.17	82.18	121.41	88.49	100.49
Net Property, Plant and Equip., 2 Yr. CAGR %	72.62	25.1	77.35	67.76	-4.15
Inventory, 2 Yr. CAGR %	-14.11	-17.67	22.61	68.31	47.82
Accounts Receivable, 2 Yr. CAGR %	-43.29	694.98	31.09	-17.32	99.36
Total Assets, 2 Yr. CAGR %	20.72	44.66	26.58	13.94	18.26
Common Equity, 2 Yr. CAGR %	13.32	35.89	24.07	8.05	11.96
Tangible Book Value, 2 Yr. CAGR %	13.32	35.89	24.07	8.05	11.96
Cash From Operations, 2 Yr. CAGR %	322.99	103.8	-17.42	7.61	-36.68
Capital Expenditures, 2 Yr. CAGR %	2.81K	273.5	-61.43	-82.7	-35.48
Levered Free Cash Flow, 2 Yr. CAGR %	364.24	1.16K	-76.95	-36.74	79.61
Unlevered Free Cash Flow, 2 Yr. CAGR %	385.65	1.36K	-81.92	-37.15	107.74
Dividend Per Share, 2 Yr. CAGR %	-11.81	-	10.19	25.49	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-22.46	13.06	46.74	8.95	68.9
Gross Profit, 3 Yr. CAGR %	-38.06	29.79	133.44	84.46	37.03
EBITDA, 3 Yr. CAGR %	-80.72	64.82	113.93	521.22	51.82
EBITA, 3 Yr. CAGR %	-49.3	70	77.74	155.93	60.09
EBIT, 3 Yr. CAGR %	-49.3	70	77.74	155.91	60.09
Earnings From Cont. Operations, 3 Yr. CAGR %	-30.93	133.54	145.89	177.52	50.42
Net Income, 3 Yr. CAGR %	-30.93	133.54	145.89	177.52	50.42
Diluted EPS Before Extra, 3 Yr. CAGR %	-39.84	100.03	86.8	139.23	31.74
Normalized Net Income, 3 Yr. CAGR %	-38.22	71.74	53.27	152.28	70.28
Net Property, Plant and Equip., 3 Yr. CAGR %	41.04	48.69	64.64	45.88	37.86
Inventory, 3 Yr. CAGR %	-9.86	-12.81	4.28	36.54	54.05
Accounts Receivable, 3 Yr. CAGR %	-49.34	-13.31	313.69	1.59	64.51
Total Assets, 3 Yr. CAGR %	11.88	29.27	31.37	24.29	14.86
Common Equity, 3 Yr. CAGR %	9	22.57	25.75	18.62	10.51
Tangible Book Value, 3 Yr. CAGR %	9	22.57	25.75	18.62	10.51
Cash From Operations, 3 Yr. CAGR %	77.65	187.78	28.59	15.54	-41.01
Capital Expenditures, 3 Yr. CAGR %	603.32	1.06K	3.97	-61.9	-67.75
Levered Free Cash Flow, 3 Yr. CAGR %	205.79	274.33	51.56	-0.9	-49.98
Unlevered Free Cash Flow, 3 Yr. CAGR %	192.27	285.7	42.34	-1.35	-49.13
Dividend Per Share, 3 Yr. CAGR %	-	5.55	-	33.53	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	2.6	-5.97	-12.45	11.38	72.11
Gross Profit, 5 Yr. CAGR %	-14.22	6.94	5.48	24.73	94.53
EBITDA, 5 Yr. CAGR %	-38.1	12.81	7.87	47.06	98.45
EBITA, 5 Yr. CAGR %	91.27	11.2	5.36	51.65	83.24
EBIT, 5 Yr. CAGR %	91.27	11.2	5.36	51.65	83.24
Earnings From Cont. Operations, 5 Yr. CAGR %	-17.89	68.52	8.7	84.98	149.12
Net Income, 5 Yr. CAGR %	-17.89	68.52	8.7	84.98	149.12
Diluted EPS Before Extra, 5 Yr. CAGR %	-24.84	53.56	-8.11	55.66	110.29
Normalized Net Income, 5 Yr. CAGR %	4.94	10.74	1.32	78.25	74.94
Net Property, Plant and Equip., 5 Yr. CAGR %	16.25	23.87	54.58	56.04	32.6
Inventory, 5 Yr. CAGR %	-10.95	-12.15	1.94	13.43	19.9
Accounts Receivable, 5 Yr. CAGR %	-40.37	-25.24	-21.66	-14.94	208.93
Total Assets, 5 Yr. CAGR %	2.61	12.21	17.59	22.91	25.96
Common Equity, 5 Yr. CAGR %	5.9	14	14.86	16.54	20.04
Tangible Book Value, 5 Yr. CAGR %	5.9	14	14.86	16.54	20.04
Cash From Operations, 5 Yr. CAGR %	28.12	21.33	30.76	94.17	-3.14
Capital Expenditures, 5 Yr. CAGR %	253.26	201.61	120.18	115.72	-14.09
Levered Free Cash Flow, 5 Yr. CAGR %	41.23	65.64	8.75	83.83	81.93
Unlevered Free Cash Flow, 5 Yr. CAGR %	43.41	63.64	-3.97	86.67	95.06
Dividend Per Share, 5 Yr. CAGR %	-	-	-	13.12	-