Financial Ratios FIPP

Stocks

FIPP

FR0000038184

Real Estate Development & Operations

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04-26	FIPP S.A. Reports Earnings Results for the Full Year Ended December 31, 2025	CI
25-09-26	FIPP S.A. Reports Earnings Results for the Half Year Ended June 30, 2025	CI

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Published financial data: FIPP

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Rental Revenues	2.1M	1.81M	1.83M	2.25M	775K
Other Revenues, Total	-	-	-	-	-
Total Revenues	2.1M	1.81M	1.83M	2.25M	775K
Property Expenses	2.95M	2.77M	2.78M	3.07M	3.53M
Selling General & Admin Expenses, Total	919K	603K	679K	599K	574K
Depreciation & Amortization - (IS) - (Collected)	274K	187K	435K	630K	-182K
Other Operating Expenses	591K	1.33M	757K	841K	904K
Total Operating Expenses	4.74M	4.89M	4.65M	5.14M	4.83M
Operating Income (REIT / Utility Template)	-2.64M	-3.08M	-2.81M	-2.88M	-4.05M
Interest Expense, Total	-115K	-16K	-70K	-81K	-95K
Interest and Investment Income	-	113K	11K	-	-
Net Interest Expenses	-115K	97K	-59K	-81K	-95K
Currency Exchange Gains (Loss)	-15K	-	45K	119K	-134K
Other Non Operating Income (Expenses)	-94K	-60K	55K	-8K	-34K
EBT, Excl. Unusual Items	-2.86M	-3.04M	-2.77M	-2.86M	-4.32M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) on Sale of Investments	23K	-	-	-	-
Gain (Loss) on Sale of Assets	1.49M	-67K	-	-	-
Asset Writedown	1.62M	1.16M	-457K	-1.6M	8.42M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	280K	-1.94M	-3.23M	-4.45M	4.1M
Income Tax Expense	-	499K	37K	147K	236K
Earnings From Continuing Operations	280K	-2.44M	-3.27M	-4.6M	3.87M
Net Income to Company	280K	-2.44M	-3.27M	-4.6M	3.87M
Minority Interest	-804K	-277K	55K	341K	268K
Net Income - (IS)	-524K	-2.72M	-3.21M	-4.26M	4.13M
Net Income to Common Incl Extra Items	-524K	-2.72M	-3.21M	-4.26M	4.13M
Net Income to Common Excl. Extra Items	-524K	-2.72M	-3.21M	-4.26M	4.13M
Per Share Items
Net EPS - Basic	-0	-0.02	-0.03	-0.03	0.03
Basic EPS - Continuing Operations	-0	-0.02	-0.03	-0.03	0.03
Basic Weighted Average Shares Outstanding	122M	122M	122M	122M	122M
Net EPS - Diluted	-0	-0.02	-0.03	-0.03	0.03
Diluted EPS - Continuing Operations	-0	-0.02	-0.03	-0.03	0.03
Diluted Weighted Average Shares Outstanding	122M	122M	122M	122M	122M
Normalized Basic EPS	-0.02	-0.02	-0.01	-0.01	-0.02
Normalized Diluted EPS	-0.02	-0.02	-0.01	-0.01	-0.02
Supplemental Items
EBITDA	-2.61M	-3.07M	-2.81M	-846K	-3.55M
EBITA	-2.64M	-3.08M	-2.81M	-2.88M	-4.34M
EBIT	-2.64M	-3.08M	-2.81M	-2.88M	-4.05M
EBITDAR	-2.49M	-	-2.77M	-806K	-3.52M
Effective Tax Rate - (Ratio)	-	-25.67	-1.15	-3.3	5.75
Normalized Net Income	-2.59M	-2.18M	-1.68M	-1.44M	-2.43M
Interest on Long-Term Debt	11K	-	15K	14K	12K
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
General and Administrative Expenses	-	-	-	-	-
Net Rental Expense, Total	118K	-	40K	40K	37K
Imputed Operating Lease Interest Expense	20.36K	-	10.97K	18.27K	46.91K
Imputed Operating Lease Depreciation	97.64K	-	29.03K	21.73K	-9.91K

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Assets
Gross Property Plant And Equipment	79M	79.05M	78.52M	77.26M	75.54M
Accumulated Depreciation	-294K	-402K	-481K	-587K	-712K
Net Property Plant And Equipment	78.71M	78.65M	78.04M	76.67M	74.82M
Total Real Estate Assets	78.71M	78.65M	78.04M	76.67M	74.82M
Cash And Equivalents	718K	835K	283K	352K	200K
Accounts Receivable, Total	1.61M	1.28M	1.71M	1.72M	38K
Other Receivables	312K	997K	983K	493K	416K
Investment In Debt and Equity Securities	9.34M	576K	323K	101K	168K
Other Intangibles, Total	748K	535K	523K	463K	18K
Other Current Assets, Total	1.1M	23K	20K	21K	9.55M
Trading Asset Securities, Total	152K	105K	116K	109K	-
Other Long-Term Assets, Total	252K	254K	255K	255K	256K
Total Assets	92.93M	83.25M	82.25M	80.19M	85.47M
Liabilities
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	97K	102K	110K	119K	125K
Short-Term Borrowings	8.94M	1.11M	1.47M	-	-
Long-Term Debt	-	-	-	-	-
Long-Term Leases	760K	681K	611K	530K	425K
Accounts Payable, Total	3.09M	3.36M	3.87M	3.67M	2.86M
Accrued Expenses, Total	12.69M	14.22M	31K	-	-
Current Income Taxes Payable	2K	8K	14.33M	14.77M	19.67M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	1.77M	1.81M	1.62M	3.64M	4.67M
Deferred Tax Liability Non-Current	-	499K	531K	541K	544K
Other Non Current Liabilities	592K	12K	1.53M	3.05M	-
Total Liabilities	27.94M	21.81M	24.1M	26.32M	28.29M
Common Stock, Total	15M	15M	15M	15M	15M
Retained Earnings	-524K	-2.72M	-3.21M	-4.26M	4.13M
Treasury Stock	-998K	-998K	-998K	-998K	-998K
Comprehensive Income and Other	46.83M	41.3M	38.44M	35.27M	30.73M
Total Common Equity	60.31M	52.58M	49.23M	45.02M	48.86M
Minority Interest	4.68M	8.87M	8.93M	8.85M	8.31M
Total Equity	64.99M	61.45M	58.16M	53.86M	57.17M
Total Liabilities And Equity	92.93M	83.25M	82.25M	80.19M	85.47M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	115M	118M	115M	115M	115M
ECS Total Common Shares Outstanding	115M	118M	115M	115M	115M
Book Value / Share	0.52	0.45	0.43	0.39	0.42
Tangible Book Value	59.56M	52.04M	48.71M	44.55M	48.85M
Tangible Book Value Per Share	0.52	0.44	0.42	0.39	0.42
Total Debt	9.8M	1.9M	2.19M	649K	550K
Net Debt	8.92M	955K	1.79M	188K	350K
Debt Equivalent Oper. Leases	944K	-	320K	320K	296K
Minority Interest, Total (Incl. Fin. Div)	4.68M	8.87M	8.93M	8.85M	8.31M
Account Code - Inventory Valuation	3	-	3	3	3
Inventories - Finished Goods, Total	138K	137K	137K	137K	-
Buildings, Total	932K	957K	1M	1.04M	1.07M
Full Time Employees	2	-	2	2	2
Part Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	144K	141K	16K	22K	-

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Net Income	-524K	-2.72M	-3.21M	-4.26M	4.13M
Depreciation, Depletion & Amortization	108K	108K	109K	2.15M	125K
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-285K
Total Depreciation, Depletion & Amortization	108K	108K	109K	2.15M	-160K
(Gain) Loss On Sale of Asset - (CF)	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Total Asset Writedown	-1.64M	-1.16M	457K	1.6M	-8.42M
Provision and Write-off of Bad Debts	-	-	-	-	-
Change in Other Net Operating Assets (Collected)	672K	-4.99M	676K	977K	6.91M
Other Operating Activities	-387K	848K	1.78M	-164K	-2.91M
Cash from Operations	-1.77M	-7.91M	-192K	305K	-450K
Acquisition of Real Estate Assets, Total	-29K	-46K	-72K	-96K	-13K
Sale of Real Estate Assets, Total	-	8.19M	-	-	450K
Net Sale / Acquisition of Real Estate Assets	-29K	8.14M	-72K	-96K	437K
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	5K	3K	-	-	-2K
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	-	1K	-	-19K	-1K
Cash from Investing	-24K	8.15M	-72K	-115K	434K
Long-Term Debt Repaid, Total	-104K	-99K	-106K	-115K	-122K
Total Debt Repaid	-104K	-99K	-106K	-115K	-122K
Other Financing Activities, Total	-28K	-18K	-181K	-7K	-13K
Cash from Financing	-132K	-117K	-287K	-122K	-135K
Miscellaneous Cash Flow Adjustments	-	-	-1K	-	-1K
Net Change in Cash	-1.92M	117K	-552K	68K	-152K
Supplemental Items
Cash Income Tax Paid (Refund)	-	-	-	10K	133K
Net Debt Issued / Repaid	-104K	-99K	-106K	-115K	-122K
Levered Free Cash Flow	-10.82M	692K	-1.74M	2.92M	-5.42M
Unlevered Free Cash Flow	-10.75M	702K	-1.69M	2.97M	-5.36M
Change In Net Working Capital	9.18M	-2.56M	-29K	-2.72M	2.65M

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Profitability
Return on Assets	-1.79	-2.18	-2.12	-2.22	-3.06
Return on Total Capital	-2.37	-2.79	-2.84	-3.14	-4.51
Return On Equity %	0.44	-3.86	-5.46	-8.21	6.96
Return on Common Equity	-1.07	-4.82	-6.31	-9.04	8.81
Margin Analysis
Gross Profit Margin %	-40.53	-52.87	-51.39	-36.19	-355.87
SG&A Margin	65.18	56.02	60.12	41.52	117.81
EBITDA Margin %	-123.98	-169.83	-153.36	-37.57	-458.58
EBITA Margin %	-125.4	-170.06	-153.46	-128.11	-559.87
EBIT Margin %	-125.4	-170.06	-153.46	-128.11	-523.1
Income From Continuing Operations Margin %	13.32	-134.97	-178.18	-204.22	498.84
Net Income Margin %	-24.93	-150.28	-175.18	-189.08	533.42
Net Avail. For Common Margin %	-24.93	-150.28	-175.18	-189.08	533.42
Normalized Net Income Margin	-123.29	-120.31	-91.52	-64.09	-313.56
Levered Free Cash Flow Margin	-514.77	38.25	-94.7	129.67	-698.73
Unlevered Free Cash Flow Margin	-511.35	38.8	-92.31	131.92	-691.06
Asset Turnover
Asset Turnover	0.02	0.02	0.02	0.03	0.01
Fixed Assets Turnover	0.03	0.02	0.02	0.03	0.01
Receivables Turnover (Average Receivables)	1.45	1.25	1.22	1.31	0.88
Inventory Turnover (Average Inventory)	295.4	276.7	277.5	613.4	-
Short Term Liquidity
Current Ratio	0.15	0.16	0.15	0.12	0.37
Quick Ratio	0.1	0.16	0.14	0.12	0.02
Operating Cash Flow to Current Liabilities	-0.07	-0.38	-0.01	0.01	-0.02
Days Sales Outstanding (Average Receivables)	252.22	291.5	298.29	278.89	413.51
Days Outstanding Inventory (Average Inventory)	1.24	1.32	1.32	0.6	-
Average Days Payable Outstanding	417.45	425.94	475.55	-	337.26
Cash Conversion Cycle (Average Days)	-164	-133.13	-175.94	-	-
Long Term Solvency
Total Debt/Equity	15.07	3.08	3.76	1.2	0.96
Total Debt / Total Capital	13.1	2.99	3.63	1.19	0.95
LT Debt/Equity	1.17	1.11	1.05	0.98	0.74
Long-Term Debt / Total Capital	1.02	1.08	1.01	0.97	0.74
Total Liabilities / Total Assets	30.07	26.19	29.3	32.82	33.1
EBIT / Interest Expense	-22.92	-192.38	-40.19	-35.62	-42.67
EBITDA / Interest Expense	-21.98	-185.62	-38.63	-9.04	-36.13
(EBITDA - Capex) / Interest Expense	-22.23	-188.5	-39.66	-10.22	-36.26
Total Debt / EBITDA	-3.87	-0.64	-0.81	-0.89	-0.16
Net Debt / EBITDA	-3.53	-0.32	-0.66	-0.26	-0.1
Total Debt / (EBITDA - Capex)	-3.83	-0.63	-0.79	-0.78	-0.16
Net Debt / (EBITDA - Capex)	-3.49	-0.32	-0.64	-0.23	-0.1
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-3.84	-13.89	1.27	22.86	-65.59
Gross Profit, 1 Yr. Growth %	3.78	12.32	-1.57	-13.48	238.4
EBITDA, 1 Yr. Growth %	-36.28	17.96	-8.56	-16.49	49.01
EBITA, 1 Yr. Growth %	-36.13	16.77	-8.61	2.56	53.59
EBIT, 1 Yr. Growth %	-36.13	16.77	-8.61	2.56	40.52
Earnings From Cont. Operations, 1 Yr. Growth %	-103.13	-972.5	33.69	40.81	-184.06
Net Income, 1 Yr. Growth %	-93.37	419.08	18.05	32.61	-197.09
Diluted EPS Before Extra, 1 Yr. Growth %	-93.37	419.14	18.05	33.49	-196.44
Normalized Net Income, 1 Yr. Growth %	52.56	-15.97	-22.97	-13.96	68.36
Net Property, Plant and Equip., 1 Yr. Growth %	2.64	-0.08	-0.78	-1.74	-2.41
Inventory, 1 Yr. Growth %	0	0	0	-100	-
Accounts Receivable, 1 Yr. Growth %	24.15	-20.32	33.7	0.23	-97.79
Total Assets, 1 Yr. Growth %	1.79	-10.41	-1.2	-2.51	6.58
Common Equity, 1 Yr. Growth %	62.21	-12.82	-6.37	-8.56	8.55
Tangible Book Value, 1 Yr. Growth %	63.49	-12.62	-6.41	-8.53	9.64
Cash From Operations, 1 Yr. Growth %	-80.37	347.88	-97.57	-258.85	-247.54
Capital Expenditures, 1 Yr. Growth %	-97.61	58.62	56.52	33.33	-86.46
Levered Free Cash Flow, 1 Yr. Growth %	20.37	-106.4	-350.76	2.93K	-480.51
Unlevered Free Cash Flow, 1 Yr. Growth %	19.92	-106.53	-340.96	2.71K	-474.04
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-6.49	-9.01	-6.62	11.54	-34.98
Gross Profit, 2 Yr. CAGR %	35.65	7.97	5.15	-7.72	71.11
EBITDA, 2 Yr. CAGR %	-3.78	-13.31	3.86	-47.54	87.31
EBITA, 2 Yr. CAGR %	-4.05	-13.64	3.3	-3.19	24.2
EBIT, 2 Yr. CAGR %	-4.05	-13.64	3.3	-3.19	20.05
Earnings From Cont. Operations, 2 Yr. CAGR %	-68.87	-47.77	241.53	37.2	8.8
Net Income, 2 Yr. CAGR %	-14.33	-41.32	147.55	25.12	13.47
Diluted EPS Before Extra, 2 Yr. CAGR %	-15.55	-41.32	147.56	25.53	13.47
Normalized Net Income, 2 Yr. CAGR %	208.38	13.23	-19.54	-18.59	20.36
Net Property, Plant and Equip., 2 Yr. CAGR %	-5.87	1.27	-0.43	-1.26	-2.08
Inventory, 2 Yr. CAGR %	0	0	0	-	-
Accounts Receivable, 2 Yr. CAGR %	-0.98	-0.54	3.21	15.76	-85.11
Total Assets, 2 Yr. CAGR %	-6.45	-4.51	-5.92	-1.86	1.94
Common Equity, 2 Yr. CAGR %	-9.32	18.92	-9.65	-7.47	-0.37
Tangible Book Value, 2 Yr. CAGR %	-9.42	19.52	-9.57	-7.48	0.14
Cash From Operations, 2 Yr. CAGR %	-13.73	-6.23	-67.04	-80.37	53.09
Capital Expenditures, 2 Yr. CAGR %	-82.17	-80.53	57.57	44.46	-57.51
Levered Free Cash Flow, 2 Yr. CAGR %	-26.71	-72.25	-59.95	105.39	649.1
Unlevered Free Cash Flow, 2 Yr. CAGR %	-27.04	-72.01	-60.32	105.68	611.24
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-11.07	-9.03	-5.7	2.32	-24.63
Gross Profit, 3 Yr. CAGR %	16.27	27.38	4.69	-1.47	42.31
EBITDA, 3 Yr. CAGR %	-5.2	2.98	-11.75	-31.27	4.96
EBITA, 3 Yr. CAGR %	-23.86	2.44	-11.99	3.05	12.13
EBIT, 3 Yr. CAGR %	-23.86	2.44	-11.99	3.05	9.62
Earnings From Cont. Operations, 3 Yr. CAGR %	-63.61	-5.44	-28.55	154.2	16.53
Net Income, 3 Yr. CAGR %	-30.59	56.18	-25.92	101.04	14.97
Diluted EPS Before Extra, 3 Yr. CAGR %	-30.96	54.7	-25.92	101.5	14.97
Normalized Net Income, 3 Yr. CAGR %	89.49	99.93	-0.42	-17.72	3.72
Net Property, Plant and Equip., 3 Yr. CAGR %	-3.23	-3.97	0.59	-0.87	-1.65
Inventory, 3 Yr. CAGR %	-58.8	0	0	-	-
Accounts Receivable, 3 Yr. CAGR %	25.19	-7.9	9.77	2.21	-69.05
Total Assets, 3 Yr. CAGR %	-4.04	-7.79	-3.42	-4.8	0.88
Common Equity, 3 Yr. CAGR %	-4.4	-10.5	9.81	-9.29	-2.41
Tangible Book Value, 3 Yr. CAGR %	-4.45	-10.5	10.16	-9.23	-2.09
Cash From Operations, 3 Yr. CAGR %	-9.26	49.38	-72.27	-44.32	-61.55
Capital Expenditures, 3 Yr. CAGR %	-60.79	-63.05	-61	49.04	-34.38
Levered Free Cash Flow, 3 Yr. CAGR %	28.41	-67.49	-42.2	-35.38	98.51
Unlevered Free Cash Flow, 3 Yr. CAGR %	28.9	-67.36	-42.63	-34.86	96.84
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-3.53	-9.25	-9.32	-1.3	-18.73
Gross Profit, 5 Yr. CAGR %	-7	2.64	11.69	11.97	27.42
EBITDA, 5 Yr. CAGR %	50.02	-1.46	-1.68	-21.37	-2.77
EBITA, 5 Yr. CAGR %	49.24	-1.76	-13.98	0.15	1.01
EBIT, 5 Yr. CAGR %	49.24	-1.76	-13.98	0.15	-0.36
Earnings From Cont. Operations, 5 Yr. CAGR %	-33.34	14.25	-10.88	9.74	-15.46
Net Income, 5 Yr. CAGR %	-27.92	13.98	15.43	42.92	-12.14
Diluted EPS Before Extra, 5 Yr. CAGR %	-27.92	13.98	15.06	42.3	-12.14
Normalized Net Income, 5 Yr. CAGR %	49.16	51.51	34.52	39.57	7.43
Net Property, Plant and Equip., 5 Yr. CAGR %	-3.35	-3.65	-2.12	-2.9	-0.49
Inventory, 5 Yr. CAGR %	-41.26	-41.26	-41.26	-	-
Accounts Receivable, 5 Yr. CAGR %	-7.53	3.94	15.89	0.92	-50.63
Total Assets, 5 Yr. CAGR %	-5.99	-4.98	-4.8	-5.46	-1.31
Common Equity, 5 Yr. CAGR %	-2.85	-5.74	-6.54	-9.3	5.62
Tangible Book Value, 5 Yr. CAGR %	-2.88	-5.73	-6.54	-9.3	6.04
Cash From Operations, 5 Yr. CAGR %	-38.75	0.58	-39.48	-33.66	-45.07
Capital Expenditures, 5 Yr. CAGR %	-42.76	-27.65	-31.6	-36.25	-59.64
Levered Free Cash Flow, 5 Yr. CAGR %	10.24	0.51	-19.42	-32.04	-9.64
Unlevered Free Cash Flow, 5 Yr. CAGR %	9.79	6.3	-19.54	-31.84	-9.79