Income Statement FIDUCIAL Real Estate

Stocks

ORIA

FR0000060535

Real Estate Development & Operations

Market Closed - Euronext Paris 11:55:00 2026-09-15 EDT			5-day change	1st Jan Change
163.00 ^EUR	+0.62%		-1.21%	-6.32%

07-01	MLCC Prices Surge as AI Supply Chain Faces New Bottleneck
06-30	Fiducial Real Estate SA Reports Earnings Results for the Half Year Ended March 31, 2026	CI

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Published financial data: FIDUCIAL REAL ESTATE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Rental Revenues	80.4M	84.65M	86.96M	86.51M	87.06M
Total Revenues	80.4M	84.65M	86.96M	86.51M	87.06M
Property Expenses	923K	845K	2.18M	1.27M	2.32M
Selling General & Admin Expenses, Total	16.88M	20.23M	19.79M	19.24M	19.17M
Depreciation & Amortization - (IS) - (Collected)	-	-	15.94M	16.87M	17.93M
Amortization of Goodwill and Intangible Assets - (IS)	16.06M	15.8M	-	-	-
Other Operating Expenses	12.36M	11.37M	10.95M	12.98M	12.34M
Total Operating Expenses	46.22M	48.24M	48.87M	50.36M	51.76M
Operating Income (REIT / Utility Template)	34.18M	36.42M	38.09M	36.14M	35.3M
Interest Expense, Total	-5.21M	-4.58M	-5.94M	-5.75M	-5.41M
Interest and Investment Income	167K	106K	178K	417K	555K
Net Interest Expenses	-5.04M	-4.47M	-5.76M	-5.33M	-4.86M
Currency Exchange Gains (Loss)	332K	4.36M	-464K	640K	-
Other Non Operating Income (Expenses)	25K	155K	21K	21K	-22K
EBT, Excl. Unusual Items	29.49M	36.45M	31.88M	31.47M	30.42M
Gain (Loss) on Sale of Assets	174K	-1.2M	-166K	-53K	-896K
Asset Writedown	766K	1.45M	891K	2.02M	4.97M
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	30.43M	36.7M	32.61M	33.44M	34.49M
Income Tax Expense	398K	1.34M	372K	719K	10.88M
Earnings From Continuing Operations	30.03M	35.36M	32.24M	32.72M	23.62M
Net Income to Company	30.03M	35.36M	32.24M	32.72M	23.62M
Minority Interest	-153K	-137K	-153K	-182K	-184K
Net Income - (IS)	29.88M	35.23M	32.08M	32.54M	23.43M
Net Income to Common Incl Extra Items	29.88M	35.23M	32.08M	32.54M	23.43M
Net Income to Common Excl. Extra Items	29.88M	35.23M	32.08M	32.54M	23.43M
Per Share Items
Net EPS - Basic	12.44	14.65	13.29	13.48	9.71
Basic EPS - Continuing Operations	12.44	14.65	13.29	13.48	9.71
Basic Weighted Average Shares Outstanding	2.4M	2.4M	2.41M	2.41M	2.41M
Net EPS - Diluted	12.44	14.65	13.29	13.48	9.71
Diluted EPS - Continuing Operations	12.44	14.65	13.29	13.48	9.71
Diluted Weighted Average Shares Outstanding	2.4M	2.4M	2.41M	2.41M	2.41M
Normalized Basic EPS	7.61	9.42	8.19	8.07	7.8
Normalized Diluted EPS	7.61	9.42	8.19	8.07	7.8
Dividend Per Share	2.5	2.75	3.3	3.6	3.8
Payout Ratio	-	17.18	20.69	24.48	37.09
Supplemental Items
EBITDA	50.13M	52.1M	53.92M	52.14M	47.41M
EBITA	34.23M	36.79M	38.15M	36.44M	35.32M
EBIT	34.18M	36.42M	38.09M	36.14M	35.3M
Effective Tax Rate - (Ratio)	1.31	3.65	1.14	2.15	31.53
Total Current Taxes	421K	353K	390K	581K	12.1M
Total Deferred Taxes	-23K	988K	-18K	137K	-1.22M
Normalized Net Income	18.28M	22.65M	19.77M	19.49M	18.83M
Non-Cash Pension Expense	-10K	34K	75K	9K	-2K

Fiscal Period: September	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Assets
Gross Property Plant And Equipment	793M	822M	843M	863M	865M
Accumulated Depreciation	-174M	-189M	-202M	-217M	-216M
Net Property Plant And Equipment	619M	633M	641M	646M	649M
Total Real Estate Assets	619M	633M	641M	646M	649M
Cash And Equivalents	22.62M	21.82M	20.16M	19.75M	18.56M
Accounts Receivable, Total	6.7M	6.42M	8.6M	7.14M	6.79M
Other Receivables	4.65M	4.88M	5.8M	6.96M	23.72M
Investment In Debt and Equity Securities	455K	2.2M	2.24M	1.07M	829K
Goodwill	24.22M	24.22M	24.22M	24.22M	24.22M
Other Intangibles, Total	2.22M	1.85M	1.83M	1.5M	1.12M
Other Current Assets, Total	8.55M	8.37M	8.17M	6.72M	32.31M
Deferred Tax Assets Long-Term (Collected)	-	-	-	-	-
Other Long-Term Assets, Total	801K	828K	962K	1.1M	1.1M
Total Assets	689M	704M	713M	715M	757M
Liabilities
Current Portion of Long-Term Debt	28.56M	22.42M	21.49M	31.39M	18.89M
Current Portion of Leases	3.12M	3.08M	5.92M	996K	1.04M
Short-Term Borrowings	83K	8.99M	10M	5.4M	5.07M
Long-Term Debt	161M	140M	137M	126M	159M
Long-Term Leases	13.34M	10.16M	4.23M	3.24M	3.24M
Accounts Payable, Total	6.39M	7.8M	7.8M	5.45M	4.84M
Accrued Expenses, Total	9.19M	9.36M	9.38M	9.73M	9.29M
Current Income Taxes Payable	193K	276K	205K	213K	215K
Unearned Revenue, Current	56K	128K	176K	627K	697K
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	41.27M	19.26M	10.76M	2.76M	14.87M
Unearned Revenue Non Current	-	109K	134K	1.09M	559K
Pension & Other Post Retirement Benefits	279K	232K	299K	314K	301K
Deferred Tax Liability Non-Current	2.7M	4.13M	3.95M	4.4M	67.98M
Other Non Current Liabilities	1.65M	15.61M	16.82M	16.71M	17.15M
Total Liabilities	267M	241M	228M	209M	304M
Common Stock, Total	25M	25M	25M	25M	25M
Retained Earnings	29.88M	35.23M	32.08M	32.54M	23.43M
Comprehensive Income and Other	365M	401M	426M	447M	404M
Total Common Equity	420M	461M	483M	504M	453M
Minority Interest	1.52M	1.52M	1.53M	1.56M	1.35M
Total Equity	422M	462M	484M	506M	454M
Total Liabilities And Equity	689M	704M	713M	715M	757M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.41M	2.41M	2.41M	2.41M	2.41M
ECS Total Common Shares Outstanding	2.41M	2.41M	2.41M	2.41M	2.41M
Book Value / Share	174.01	190.93	200.07	208.85	187.5
Tangible Book Value	394M	435M	457M	478M	427M
Tangible Book Value Per Share	163.06	180.13	189.28	198.2	177
Total Debt	206M	184M	179M	168M	188M
Net Debt	183M	163M	159M	148M	169M
Minority Interest, Total (Incl. Fin. Div)	1.52M	1.52M	1.53M	1.56M	1.35M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Others	6.19M	6.27M	4.86M	4.71M	3.38M
Land - (BS)	113M	116M	115M	115M	171M
Buildings, Total	582M	601M	612M	617M	614M
Machinery, Total	24.93M	27.72M	29.24M	30.66M	30.2M
Full Time Employees	95	104	106	110	101
Part Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	823K	773K	827K	417K	383K

Fiscal Period: September	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Net Income	29.88M	35.23M	32.08M	32.54M	23.43M
Depreciation, Depletion & Amortization	16M	15.42M	15.88M	15.86M	12.69M
Amortization of Goodwill and Intangible Assets - (CF)	50K	375K	66K	301K	20K
Total Depreciation, Depletion & Amortization	16.06M	15.8M	15.94M	16.17M	12.71M
(Gain) Loss On Sale of Asset - (CF)	-174K	1.2M	-1.16M	-485K	226K
Change in Accounts Receivable	-	-	-4.31M	3.66M	28.26M
Change In Inventories	-	-	909K	149K	-1.33M
Change in Accounts Payable	-	-	1.99M	-2.52M	894K
Change in Other Net Operating Assets (Collected)	-2.82M	1.24M	-4K	-1K	-42.27M
Other Operating Activities	-395K	-427K	-784K	-438K	-1.04M
Cash from Operations	42.54M	53.03M	44.67M	49.08M	20.89M
Acquisition of Real Estate Assets, Total	-21.02M	-13.13M	-29.45M	-20.69M	-39.92M
Sale of Real Estate Assets, Total	1.09M	1.76M	3.59M	1.49M	22.04M
Net Sale / Acquisition of Real Estate Assets	-19.92M	-11.37M	-25.85M	-19.19M	-17.88M
Cash Acquisitions	-	-230K	-	-4K	-
Investment in Marketable and Equity Securities, Total	4K	-24K	-137K	-137K	1K
Other Investing Activities, Total	-264K	-97K	423K	-644K	122K
Cash from Investing	-20.18M	-11.72M	-25.57M	-19.98M	-17.76M
Long-Term Debt Issued, Total	13.89M	12.52M	20.98M	22.48M	43.25M
Total Debt Issued	13.89M	12.52M	20.98M	22.48M	43.25M
Long-Term Debt Repaid, Total	-30.17M	-31.63M	-26.38M	-28.77M	-23.68M
Total Debt Repaid	-30.17M	-31.63M	-26.38M	-28.77M	-23.68M
Common Dividends Paid	-	-6.05M	-6.64M	-7.97M	-8.69M
Common & Preferred Stock Dividends Paid	-	-6.05M	-6.64M	-7.97M	-8.69M
Other Financing Activities, Total	12.3M	-25.86M	-9.73M	-10.64M	-14.88M
Cash from Financing	-3.97M	-51.02M	-21.78M	-24.9M	-4M
Net Change in Cash	18.39M	-9.71M	-2.67M	4.2M	-870K
Supplemental Items
Net Debt Issued / Repaid	-16.27M	-19.11M	-5.41M	-6.29M	19.57M
Levered Free Cash Flow	37.94M	2.42M	-4.82M	6.71M	-39.42M
Unlevered Free Cash Flow	41.2M	5.28M	-1.11M	10.3M	-36.04M
Change In Net Working Capital	-24.8M	20.15M	11.41M	7.76M	30.89M

Fiscal Period: September	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Profitability
Return on Assets	3.09	3.27	3.36	3.16	3
Return on Total Capital	3.36	3.61	3.63	3.38	3.36
Return On Equity %	7.4	8	6.81	6.61	4.92
Return on Common Equity	7.39	8	6.8	6.59	4.9
Margin Analysis
Gross Profit Margin %	98.85	99	97.49	98.53	97.33
SG&A Margin	28.59	31.18	30.36	30.44	30.74
EBITDA Margin %	62.35	61.55	62	60.27	54.46
EBITA Margin %	42.57	43.46	43.88	42.13	40.56
EBIT Margin %	42.51	43.02	43.8	41.78	40.54
Income From Continuing Operations Margin %	37.35	41.78	37.07	37.83	27.13
Net Income Margin %	37.16	41.61	36.89	37.62	26.91
Net Avail. For Common Margin %	37.16	41.61	36.89	37.62	26.91
Normalized Net Income Margin	22.73	26.75	22.74	22.53	21.62
Levered Free Cash Flow Margin	47.19	2.86	-5.54	7.76	-45.28
Unlevered Free Cash Flow Margin	51.24	6.24	-1.27	11.91	-41.39
Asset Turnover
Asset Turnover	0.12	0.12	0.12	0.12	0.12
Fixed Assets Turnover	0.13	0.14	0.14	0.13	0.13
Receivables Turnover (Average Receivables)	12.06	12.91	11.58	10.99	12.5
Inventory Turnover (Average Inventory)	0.07	0.15	0.45	0.32	0.74
Short Term Liquidity
Current Ratio	0.48	0.58	0.65	0.72	1.48
Quick Ratio	0.38	0.46	0.53	0.6	0.89
Operating Cash Flow to Current Liabilities	0.48	0.74	0.68	0.87	0.38
Days Sales Outstanding (Average Receivables)	30.27	28.28	31.52	33.29	29.19
Days Outstanding Inventory (Average Inventory)	5.05K	2.37K	808.23	1.14K	490.49
Average Days Payable Outstanding	-185.85	3.2K	3.27K	2.74K	1.89K
Cash Conversion Cycle (Average Days)	5.27K	-794.17	-2.43K	-1.56K	-1.38K
Long Term Solvency
Total Debt/Equity	48.81	39.87	36.92	33.12	41.33
Total Debt / Total Capital	32.8	28.5	26.96	24.88	29.24
LT Debt/Equity	41.27	32.41	29.19	25.65	35.82
Long-Term Debt / Total Capital	27.74	23.17	21.32	19.27	25.35
Total Liabilities / Total Assets	38.82	34.28	32.04	29.22	40.07
EBIT / Interest Expense	6.56	7.95	6.41	6.28	6.52
EBITDA / Interest Expense	9.64	11.4	9.09	9.1	8.87
(EBITDA - Capex) / Interest Expense	5.61	8.54	4.14	5.5	1.49
Total Debt / EBITDA	4.1	3.53	3.31	3.2	3.91
Net Debt / EBITDA	3.65	3.11	2.94	2.82	3.52
Total Debt / (EBITDA - Capex)	7.04	4.72	7.27	5.3	23.2
Net Debt / (EBITDA - Capex)	6.27	4.16	6.45	4.67	20.9
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	0.57	5.28	2.73	-0.52	0.64
Gross Profit, 1 Yr. Growth %	0.34	5.44	1.16	0.54	-0.58
EBITDA, 1 Yr. Growth %	4.71	3.05	2.19	-1.84	-8.03
EBITA, 1 Yr. Growth %	1.47	6.61	3.21	-4.32	-2.29
EBIT, 1 Yr. Growth %	1.32	5.53	3.03	-5.11	-2.34
Earnings From Cont. Operations, 1 Yr. Growth %	21.82	17.75	-8.85	1.51	-27.83
Net Income, 1 Yr. Growth %	21.91	17.9	-8.93	1.43	-27.99
Diluted EPS Before Extra, 1 Yr. Growth %	21.84	17.77	-8.93	1.43	-27.99
Normalized Net Income, 1 Yr. Growth %	15.71	22.51	-14	-1.45	-3.39
Net Property, Plant and Equip., 1 Yr. Growth %	3.16	2.3	1.23	0.81	0.42
Inventory, 1 Yr. Growth %	-72.5	-0.63	-23.87	-9.28	-35.15
Accounts Receivable, 1 Yr. Growth %	0.84	-4.08	33.94	-17.03	-4.83
Total Assets, 1 Yr. Growth %	-0.72	2.12	1.3	0.23	6.01
Common Equity, 1 Yr. Growth %	8.08	9.72	4.78	4.39	-10.22
Tangible Book Value, 1 Yr. Growth %	8.51	10.47	5.07	4.71	-10.69
Cash From Operations, 1 Yr. Growth %	1.37	24.65	-15.76	9.86	-57.44
Capital Expenditures, 1 Yr. Growth %	14.14	-37.53	124.29	-29.75	92.98
Levered Free Cash Flow, 1 Yr. Growth %	231.83	-93.68	-274.44	-216.89	-762.34
Unlevered Free Cash Flow, 1 Yr. Growth %	173.75	-87.28	-119.7	-608.33	-477.5
Dividend Per Share, 1 Yr. Growth %	-	10	20	9.09	5.56
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-1.15	2.9	4	1.09	0.06
Gross Profit, 2 Yr. CAGR %	-1.23	2.86	3.28	0.85	-0.02
EBITDA, 2 Yr. CAGR %	2.17	4.32	3.26	-0.6	-5.52
EBITA, 2 Yr. CAGR %	0.36	4.43	5.15	-0.71	-3.71
EBIT, 2 Yr. CAGR %	0.29	3.9	5.06	-1.12	-3.73
Earnings From Cont. Operations, 2 Yr. CAGR %	-0.22	19.77	3.6	-3.81	-14.41
Net Income, 2 Yr. CAGR %	-0.24	19.89	3.62	-3.89	-14.54
Diluted EPS Before Extra, 2 Yr. CAGR %	-0.2	19.79	3.36	-3.89	-14.54
Normalized Net Income, 2 Yr. CAGR %	-3.18	19.73	3.43	-7.94	-2.42
Net Property, Plant and Equip., 2 Yr. CAGR %	1.55	2.73	1.76	1.02	0.62
Inventory, 2 Yr. CAGR %	-46.32	-47.73	-13.03	-16.9	-23.3
Accounts Receivable, 2 Yr. CAGR %	-5.97	-1.65	13.34	5.42	-11.14
Total Assets, 2 Yr. CAGR %	-0.63	0.69	1.71	0.77	3.08
Common Equity, 2 Yr. CAGR %	7.67	8.9	7.23	4.59	-3.19
Tangible Book Value, 2 Yr. CAGR %	8.18	9.48	7.74	4.89	-3.3
Cash From Operations, 2 Yr. CAGR %	-0.81	12.41	2.47	-3.8	-31.62
Capital Expenditures, 2 Yr. CAGR %	-9.06	-15.56	18.37	25.52	16.43
Levered Free Cash Flow, 2 Yr. CAGR %	569.83	-54.01	-64.5	55.81	162.05
Unlevered Free Cash Flow, 2 Yr. CAGR %	185.98	-40.77	-83.66	35.34	321.63
Dividend Per Share, 2 Yr. CAGR %	-	-	14.89	14.42	7.31
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	1.33	0.95	2.84	2.47	0.94
Gross Profit, 3 Yr. CAGR %	1.29	0.94	2.29	2.36	0.37
EBITDA, 3 Yr. CAGR %	3.51	2.76	4.04	1.03	-3.5
EBITA, 3 Yr. CAGR %	1.37	2.68	4.19	1.84	-1.51
EBIT, 3 Yr. CAGR %	1.32	2.33	4.13	1.55	-1.53
Earnings From Cont. Operations, 3 Yr. CAGR %	4.47	5.45	9.35	2.9	-12.59
Net Income, 3 Yr. CAGR %	4.46	5.47	9.39	2.88	-12.71
Diluted EPS Before Extra, 3 Yr. CAGR %	4.47	5.46	9.19	2.71	-12.71
Normalized Net Income, 3 Yr. CAGR %	3.65	5.12	7.77	1.77	-6.45
Net Property, Plant and Equip., 3 Yr. CAGR %	1.76	1.8	2.23	1.44	0.82
Inventory, 3 Yr. CAGR %	-33.41	-34.09	-40.75	-11.79	-23.49
Accounts Receivable, 3 Yr. CAGR %	2.25	-5.34	9.01	2.15	1.88
Total Assets, 3 Yr. CAGR %	0.46	0.28	0.89	1.22	2.49
Common Equity, 3 Yr. CAGR %	7.58	8.35	7.51	6.27	-0.6
Tangible Book Value, 3 Yr. CAGR %	8.14	8.94	7.99	6.72	-0.58
Cash From Operations, 3 Yr. CAGR %	1.2	7.04	2.1	4.88	-26.7
Capital Expenditures, 3 Yr. CAGR %	-19.2	-19.76	16.94	-0.53	44.87
Levered Free Cash Flow, 3 Yr. CAGR %	9.36	41.94	-25.01	-44.02	142.51
Unlevered Free Cash Flow, 3 Yr. CAGR %	19.55	1.58	-58.09	-37.15	85.72
Dividend Per Share, 3 Yr. CAGR %	9.58	-	-	12.92	11.38
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	2.25	2.82	2.39	1.01	1.72
Gross Profit, 5 Yr. CAGR %	2.38	2.96	2.08	0.91	1.36
EBITDA, 5 Yr. CAGR %	3.45	3.31	3.59	1.66	-0.2
EBITA, 5 Yr. CAGR %	5.52	2.6	3.03	1.41	0.92
EBIT, 5 Yr. CAGR %	5.49	2.39	3	1.24	0.91
Earnings From Cont. Operations, 5 Yr. CAGR %	4.52	10.85	4.12	1.64	-0.86
Net Income, 5 Yr. CAGR %	4.52	10.9	4.13	1.62	-0.9
Diluted EPS Before Extra, 5 Yr. CAGR %	4.53	10.86	4.03	1.54	-1.01
Normalized Net Income, 5 Yr. CAGR %	11.75	12.03	3.79	-0.01	3.57
Net Property, Plant and Equip., 5 Yr. CAGR %	2.18	2.54	1.76	1.49	1.58
Inventory, 5 Yr. CAGR %	-17.57	-20	-25.9	-27.68	-34.3
Accounts Receivable, 5 Yr. CAGR %	-3.83	-4.62	6.55	-1.18	0.45
Total Assets, 5 Yr. CAGR %	1.07	1.25	0.96	0.47	1.76
Common Equity, 5 Yr. CAGR %	7.56	8.02	7.44	6.83	3.09
Tangible Book Value, 5 Yr. CAGR %	8.19	8.66	7.98	7.3	3.33
Cash From Operations, 5 Yr. CAGR %	2	7.07	1.71	2.56	-13.02
Capital Expenditures, 5 Yr. CAGR %	-3.51	-11.54	-5.87	-4.03	16.74
Levered Free Cash Flow, 5 Yr. CAGR %	21.16	-34.94	-30.16	51.32	28.09
Unlevered Free Cash Flow, 5 Yr. CAGR %	36.75	-19.12	-45.99	15.39	19.08
Dividend Per Share, 5 Yr. CAGR %	8.67	10.1	11.67	-	-