Cash flow GLORAX

Stocks

GLRX

RU000A10CRQ4

End-of-day quote Moscow Micex - RTS			5-day change	1st Jan Change
- ^RUB	-.--%		-.--%	-

08-31	Public Joint Stock Company "GLORAX" Reports Earnings Results for the Half Year Ended June 30, 2026	CI
04-28	Certain Shares of Public Joint Stock Company "GLORAX" are subject to a Lock-Up Agreement Ending on 29-APR-2026.	CI

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Published financial data: GLORAX

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (RUB)	2022 (RUB)	2023 (RUB)	2024 (RUB)	2025 (RUB)
Revenues	6.89B	5.45B	13.66B	32.62B	41.28B
Total Revenues	6.89B	5.45B	13.66B	32.62B	41.28B
Cost of Goods Sold, Total	4.82B	3.31B	7.61B	19.76B	26.53B
Gross Profit	2.07B	2.14B	6.05B	12.86B	14.75B
Selling General & Admin Expenses, Total	1.31B	2.02B	2.36B	5.1B	5.17B
Provision for Bad Debts	21.91M	4.76M	35.59M	12.92M	22.81M
Other Operating Expenses	97.9M	464M	41.19M	-595M	523M
Other Operating Expenses, Total	1.43B	2.49B	2.44B	4.52B	5.71B
Operating Income	638M	-349M	3.61B	8.34B	9.04B
Interest Expense, Total	-393M	-1.11B	-3.16B	-7.83B	-8.57B
Interest And Investment Income	161M	92.66M	201M	471M	1.14B
Net Interest Expenses	-232M	-1.02B	-2.96B	-7.36B	-7.43B
Currency Exchange Gains (Loss)	315K	1.05M	387K	128K	-567K
Other Non Operating Income (Expenses)	-386M	-19.54M	-57.96M	-254M	-37.79M
EBT, Excl. Unusual Items	20.36M	-1.39B	593M	727M	1.57B
Gain (Loss) On Sale Of Investments	-	-	-	1.98M	-
Gain (Loss) On Sale Of Assets	-4.93M	-	-	430M	2.4B
Legal Settlements	-10.72M	9.57M	19.86M	2.32M	-7.11M
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	4.71M	-1.38B	613M	1.16B	3.96B
Income Tax Expense	-74.51M	-221M	110M	-60.12M	865M
Earnings From Continuing Operations	79.22M	-1.16B	503M	1.22B	3.09B
Net Income to Company	79.22M	-1.16B	503M	1.22B	3.09B
Minority Interest	-51.81M	-5.28M	5.27M	23.78M	-25.45M
Net Income - (IS)	27.4M	-1.16B	508M	1.25B	3.07B
Net Income to Common Incl Extra Items	27.4M	-1.16B	508M	1.25B	3.07B
Net Income to Common Excl. Extra Items	27.4M	-1.16B	508M	1.25B	3.07B
Per Share Items
Net EPS - Basic	-	-	-	-	12.01
Basic EPS - Continuing Operations	-	-	-	-	12.01
Basic Weighted Average Shares Outstanding	-	-	-	-	255M
Net EPS - Diluted	-	-	-	-	12.01
Diluted EPS - Continuing Operations	-	-	-	-	12.01
Diluted Weighted Average Shares Outstanding	-	-	-	-	255M
Normalized Basic EPS	-	-	-	-	3.74
Normalized Diluted EPS	-	-	-	-	3.74
Payout Ratio	-	-	-	33.89	-
Supplemental Items
EBITDA	649M	-330M	3.65B	8.39B	9.17B
EBITA	638M	-349M	3.61B	8.34B	9.04B
EBIT	638M	-349M	3.61B	8.34B	9.04B
EBITDAR	665M	-314M	3.7B	8.56B	9.32B
Effective Tax Rate - (Ratio)	-1.58K	16.08	18	-5.18	21.85
Total Current Taxes	565M	163M	237M	392M	817M
Total Deferred Taxes	-640M	-384M	-127M	-452M	48.46M
Normalized Net Income	-39.09M	-872M	376M	478M	955M
Supplemental Operating Expense Items
Advertising Expense	241M	576M	625M	1.48B	1.48B
Selling and Marketing Expenses	608M	897M	1.27B	2.78B	2.84B
General and Administrative Expenses	686M	1.11B	1.04B	2.15B	2.18B
Net Rental Expense, Total	16.66M	15.98M	46.4M	170M	153M
Imputed Operating Lease Interest Expense	6.35M	7.97M	33.85M	221M	153M
Imputed Operating Lease Depreciation	10.31M	8.01M	12.55M	-50.64M	-315K
Maintenance & Repair Expenses, Total	30.8M	-	-	61.57M	6.79M

Fiscal Period: December	2021 (RUB)	2022 (RUB)	2023 (RUB)	2024 (RUB)	2025 (RUB)
Assets
Cash And Equivalents	675M	205M	308M	474M	1.39B
Short Term Investments	501M	658M	644M	2.19B	4.61B
Total Cash And Short Term Investments	1.18B	863M	953M	2.67B	6B
Accounts Receivable, Total	2.1B	6.88B	21.67B	18.82B	31.44B
Other Receivables	321M	445M	760M	1.78B	2.48B
Total Receivables	2.42B	7.33B	22.43B	20.6B	33.92B
Inventory	10.13B	16.41B	28.01B	40.8B	53.63B
Other Current Assets, Total	2.19B	2.89B	6.99B	6.14B	8.9B
Total Current Assets	15.92B	27.49B	58.38B	70.2B	102B
Net Property Plant And Equipment	74.12M	267M	303M	579M	655M
Long-term Investments	41.83M	2.86B	451M	1.34B	2.29B
Other Intangibles, Total	14M	31.58M	29.07M	235M	356M
Deferred Tax Assets Long-Term	445M	1.07B	1.38B	2.85B	4.24B
Total Assets	16.49B	31.72B	60.54B	75.21B	110B
Liabilities
Accounts Payable, Total	647M	1.39B	3.27B	5.18B	2.37B
Accrued Expenses, Total	40.24M	52.76M	55M	98.05M	379M
Short-term Borrowings	-	-	-	2.93B	3.75B
Current Portion of Long-Term Debt	3.79B	8.01B	12.26B	17.5B	3.2B
Current Portion of Leases	360M	656M	962M	2.17B	1.64B
Current Income Taxes Payable	168M	1.46M	219M	319M	352M
Other Current Liabilities	3.08B	3.7B	11.09B	13.34B	12.11B
Total Current Liabilities	8.09B	13.82B	27.86B	41.54B	23.81B
Long-Term Debt	5.95B	16.33B	30.16B	27.91B	74.44B
Long-Term Leases	386M	176M	807M	1.83B	1.5B
Deferred Tax Liability Non Current	279M	235M	455M	1.43B	2.83B
Other Non Current Liabilities	161M	181M	207M	227M	255M
Total Liabilities	14.86B	30.74B	59.49B	72.94B	103B
Common Stock, Total	30K	30K	30K	1M	1M
Additional Paid In Capital	-	-	-	-	1.79B
Retained Earnings	1.63B	980M	1.06B	2.28B	5.37B
Total Common Equity	1.63B	980M	1.06B	2.28B	7.16B
Total Equity	1.63B	980M	1.06B	2.28B	7.16B
Total Liabilities And Equity	16.49B	31.72B	60.54B	75.21B	110B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	-	-	-	-	255M
ECS Total Common Shares Outstanding	-	-	-	-	255M
Book Value / Share	-	-	-	-	28.02
Tangible Book Value	1.62B	948M	1.03B	2.04B	6.8B
Tangible Book Value Per Share	-	-	-	-	26.63
Total Debt	10.49B	25.18B	44.19B	52.35B	84.53B
Net Debt	9.31B	24.31B	43.24B	49.68B	78.53B
Debt Equivalent Oper. Leases	133M	128M	371M	1.36B	1.22B
Account Code - Inventory Valuation	6	-	6	6	6
Inventories - Raw Materials, Total	969K	541K	593K	6.79M	15.49M
Inventories - Work In Process, Total	9.64B	16.25B	27.78B	36.16B	49.77B
Inventories - Finished Goods, Total	493M	162M	231M	4.63B	3.85B
Accumulated Allowance for Doubtful Accounts (Supple)	36.84M	71.88M	89.91M	338M	462M

Fiscal Period: December	2021 (RUB)	2022 (RUB)	2023 (RUB)	2024 (RUB)	2025 (RUB)
Net Income	27.4M	-1.16B	508M	1.25B	3.07B
Depreciation & Amortization - CF	48.55M	59.39M	125M	122M	243M
Depreciation & Amortization, Total	48.55M	59.39M	125M	122M	243M
(Gain) Loss From Sale Of Asset	4.93M	75.98M	-74.88M	-1.6B	-2.4B
(Gain) Loss on Sale of Investments - (CF)	81.56M	37.82M	-14.1M	255M	19.01M
Provision and Write-off of Bad Debts	21.91M	4.76M	35.59M	12.92M	22.81M
Other Operating Activities, Total	-465M	15.42M	3.51B	4.55B	7.89B
Change In Accounts Receivable	-1.46B	-5.82B	-18B	3.24B	-20.55B
Change In Inventories	-3.65B	-4.1B	-9.96B	-12.94B	-4.92B
Change In Accounts Payable	-5.08B	439M	7.29B	4.73B	-1.89B
Change in Other Net Operating Assets	1.13B	-901M	68.71M	-410M	-528M
Cash from Operations	-9.34B	-11.36B	-16.5B	-785M	-19.04B
Capital Expenditure	-16.9M	-22.96M	-12.48M	-388M	-458M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-100K	-712M	-159M	-673M	-595M
Net (Increase) Decrease in Loans Originated / Sold - Investing	1.32B	-3.03B	-340M	-2.07B	-1.47B
Other Investing Activities, Total	473M	42.15M	84.49M	417M	478M
Cash from Investing	1.78B	-3.72B	-427M	-2.71B	-2.04B
Long-Term Debt Issued, Total	8.23B	17.28B	25.12B	36.61B	41.86B
Total Debt Issued	8.23B	17.28B	25.12B	36.61B	41.86B
Long-Term Debt Repaid, Total	-4.4B	-2.67B	-8.09B	-32.52B	-21.65B
Total Debt Repaid	-4.4B	-2.67B	-8.09B	-32.52B	-21.65B
Issuance of Common Stock	-	-	-	970K	2.1B
Common Dividends Paid	-	-	-	-422M	-
Common & Preferred Stock Dividends Paid	-	-	-	-422M	-
Other Financing Activities, Total	-	-	-	-	-313M
Cash from Financing	3.83B	14.61B	17.03B	3.66B	21.99B
Foreign Exchange Rate Adjustments	314K	-1.05M	-386K	-128K	567K
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	-3.74B	-470M	103M	165M	914M
Supplemental Items
Cash Interest Paid	295M	431M	795M	4.82B	4.21B
Cash Income Tax Paid (Refund)	458M	141M	1.46M	381M	802M
Levered Free Cash Flow	-9.34B	-11.54B	-20.93B	-5.76B	-32.56B
Unlevered Free Cash Flow	-9.09B	-10.85B	-18.95B	-864M	-27.2B
Change In Net Working Capital	9.52B	10.67B	21.32B	5.81B	32.63B
Net Debt Issued / Repaid	3.83B	14.61B	17.03B	4.09B	20.21B

Fiscal Period: December	2021 (RUB)	2022 (RUB)	2023 (RUB)	2024 (RUB)	2025 (RUB)
Profitability
Return on Assets	2.56	-0.9	4.89	7.68	6.1
Return on Total Capital	4.06	-1.14	6.32	10.44	7.72
Return On Equity %	5	-88.54	49.39	73.27	65.59
Return on Common Equity	1.73	-88.95	49.91	74.7	65.05
Margin Analysis
Gross Profit Margin %	30.02	39.26	44.32	39.43	35.73
SG&A Margin	19.02	37.05	17.31	15.65	12.51
EBITDA Margin %	9.41	-6.06	26.73	25.74	22.21
EBITA Margin %	9.26	-6.39	26.45	25.57	21.89
EBIT Margin %	9.26	-6.39	26.45	25.57	21.89
Income From Continuing Operations Margin %	1.15	-21.18	3.68	3.74	7.5
Net Income Margin %	0.4	-21.28	3.72	3.82	7.44
Net Avail. For Common Margin %	0.4	-21.28	3.72	3.82	7.44
Normalized Net Income Margin	-0.57	-15.98	2.75	1.47	2.31
Levered Free Cash Flow Margin	-135.58	-211.62	-153.24	-17.65	-78.87
Unlevered Free Cash Flow Margin	-132.01	-198.88	-138.77	-2.65	-65.89
Asset Turnover
Asset Turnover	0.44	0.23	0.3	0.48	0.45
Fixed Assets Turnover	96.64	31.97	47.91	73.93	66.86
Receivables Turnover (Average Receivables)	4.46	1.21	0.96	1.61	1.64
Inventory Turnover (Average Inventory)	0.65	0.25	0.34	0.57	0.56
Short Term Liquidity
Current Ratio	1.97	1.99	2.1	1.69	4.3
Quick Ratio	0.45	0.59	0.84	0.56	1.68
Operating Cash Flow to Current Liabilities	-1.15	-0.82	-0.59	-0.02	-0.8
Days Sales Outstanding (Average Receivables)	81.84	300.63	381.47	227.17	222.2
Days Outstanding Inventory (Average Inventory)	564.29	1.46K	1.07K	637.39	649.61
Average Days Payable Outstanding	30.59	38.84	44.34	47.53	35.03
Cash Conversion Cycle (Average Days)	615.54	1.72K	1.4K	817.03	836.79
Long Term Solvency
Total Debt/Equity	643.44	2.57K	4.18K	2.3K	1.18K
Total Debt / Total Capital	86.55	96.25	97.67	95.83	92.19
LT Debt/Equity	388.79	1.69K	2.93K	1.31K	1.06K
Long-Term Debt / Total Capital	52.3	63.12	68.45	54.45	82.82
Total Liabilities / Total Assets	90.12	96.91	98.26	96.97	93.49
EBIT / Interest Expense	1.62	-0.31	1.14	1.07	1.05
EBITDA / Interest Expense	1.75	-0.26	1.18	1.08	1.08
(EBITDA - Capex) / Interest Expense	1.7	-0.28	1.18	1.03	1.03
Total Debt / EBITDA	15.27	-87.07	11.82	6.19	9.11
Net Debt / EBITDA	13.56	-84.08	11.57	5.87	8.46
Total Debt / (EBITDA - Capex)	15.66	-80.66	11.86	6.48	9.58
Net Debt / (EBITDA - Capex)	13.9	-77.9	11.61	6.15	8.9
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-56.86	-20.83	150.39	138.82	26.56
Gross Profit, 1 Yr. Growth %	-50.89	3.53	182.64	112.48	14.68
EBITDA, 1 Yr. Growth %	-78.15	-150.93	-1.21K	133.9	26.88
EBITA, 1 Yr. Growth %	-78.38	-154.62	-1.14K	135.85	26.06
EBIT, 1 Yr. Growth %	-78.38	-154.62	-1.14K	135.85	26.06
Earnings From Cont. Operations, 1 Yr. Growth %	-95.3	-1.56K	-143.51	142.95	153.39
Net Income, 1 Yr. Growth %	-98.37	-4.33K	-143.77	145.11	146.51
Normalized Net Income, 1 Yr. Growth %	-103.17	2.13K	-143.14	45.7	-477.25
Diluted EPS Before Extra, 1 Yr. Growth %	-	-	-	-	141.23
Accounts Receivable, 1 Yr. Growth %	113.46	227.1	214.85	-13.12	67.01
Inventory, 1 Yr. Growth %	112.05	62	70.71	45.65	31.45
Net Property, Plant and Equip., 1 Yr. Growth %	8.28	260.3	13.51	91.09	13.16
Total Assets, 1 Yr. Growth %	12.12	92.33	90.85	24.23	46.24
Tangible Book Value, 1 Yr. Growth %	5.96	-41.32	8.33	98.9	233.04
Common Equity, 1 Yr. Growth %	5.98	-39.89	7.8	115.64	214.38
Cash From Operations, 1 Yr. Growth %	563.61	21.59	45.28	-95.24	2.33K
Capital Expenditures, 1 Yr. Growth %	346.67	35.81	-45.65	3.01K	18.13
Levered Free Cash Flow, 1 Yr. Growth %	-1.11K	23.58	81.32	-70.55	401.79
Unlevered Free Cash Flow, 1 Yr. Growth %	-953.15	19.28	74.71	-95.08	1.6K
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-26.71	-41.56	40.8	144.54	73.85
Gross Profit, 2 Yr. CAGR %	-19.52	-28.7	71.06	145.06	56.1
EBITDA, 2 Yr. CAGR %	-43.85	-66.64	137.24	574.85	59.82
EBITA, 2 Yr. CAGR %	-43.97	-65.64	137.92	541.57	59.87
EBIT, 2 Yr. CAGR %	-43.97	-65.64	137.92	541.57	59.87
Earnings From Cont. Operations, 2 Yr. CAGR %	-64.09	-17.21	151.9	5.41	148.12
Net Income, 2 Yr. CAGR %	-78.87	-16.89	330.52	6.15	145.81
Normalized Net Income, 2 Yr. CAGR %	-72.25	-15.93	210.13	-21.76	70.64
Accounts Receivable, 2 Yr. CAGR %	94.88	164.24	220.92	65.39	20.45
Inventory, 2 Yr. CAGR %	6.79	85.35	66.3	51.22	38.37
Net Property, Plant and Equip., 2 Yr. CAGR %	-19.55	97.52	102.23	47.27	47.05
Total Assets, 2 Yr. CAGR %	-4.68	46.85	91.59	51.11	34.79
Tangible Book Value, 2 Yr. CAGR %	119.21	-21.15	-20.27	-1.15	157.38
Common Equity, 2 Yr. CAGR %	92.21	-20.19	-19.5	3.6	160.37
Cash From Operations, 2 Yr. CAGR %	91	184.06	32.91	-73.71	7.42
Capital Expenditures, 2 Yr. CAGR %	12.78	146.3	-14.08	310.93	505.8
Levered Free Cash Flow, 2 Yr. CAGR %	108.34	254	49.69	-33.72	29.05
Unlevered Free Cash Flow, 2 Yr. CAGR %	110.84	219	44.36	-73.61	24.41
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0.37	-24.8	-5.08	67.92	96.33
Gross Profit, 3 Yr. CAGR %	15.07	-12.47	12.84	82.98	90.26
EBITDA, 3 Yr. CAGR %	-0.69	-45.64	7.13	184.51	267.74
EBITA, 3 Yr. CAGR %	-0.38	-44.44	6.97	186.62	254.65
EBIT, 3 Yr. CAGR %	-0.38	-44.44	6.97	186.62	254.65
Earnings From Cont. Operations, 3 Yr. CAGR %	-20.75	23.44	-33.19	102.08	41.2
Net Income, 3 Yr. CAGR %	-44.22	23.64	-32.88	84.72	40.57
Normalized Net Income, 3 Yr. CAGR %	-54.62	19.75	-32.69	30.65	6.96
Accounts Receivable, 3 Yr. CAGR %	106.11	131.6	180.13	107.6	65.93
Inventory, 3 Yr. CAGR %	4.01	22.7	80.33	59.11	44.32
Net Property, Plant and Equip., 3 Yr. CAGR %	1.2	32.61	64.21	98.44	34.89
Total Assets, 3 Yr. CAGR %	3.49	20.45	60.25	65.83	49.47
Tangible Book Value, 3 Yr. CAGR %	81.29	41.27	-12.34	13.67	48.19
Common Equity, 3 Yr. CAGR %	112.71	30.47	-11.77	17.47	49.98
Cash From Operations, 3 Yr. CAGR %	41.79	64.31	127.17	-56.2	18.79
Capital Expenditures, 3 Yr. CAGR %	-29.03	19.99	48.84	184.11	171.21
Levered Free Cash Flow, 3 Yr. CAGR %	41.52	75.05	183.24	-15.31	35.43
Unlevered Free Cash Flow, 3 Yr. CAGR %	40.12	74.38	161	-54.29	29.89
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	5.59	14.92	20.52	20.91
Gross Profit, 5 Yr. CAGR %	-	9.74	34.85	32.13	28.48
EBITDA, 5 Yr. CAGR %	-	-17.1	40.69	32.49	25.3
EBITA, 5 Yr. CAGR %	-	-15.98	41.12	32.62	25.08
EBIT, 5 Yr. CAGR %	-	-15.98	41.12	32.62	25.08
Earnings From Cont. Operations, 5 Yr. CAGR %	-	35.56	25.86	14.74	12.92
Net Income, 5 Yr. CAGR %	-	35.76	26.32	15.19	12.81
Normalized Net Income, 5 Yr. CAGR %	-	26.37	-2.11	-1.19	-4.98
Accounts Receivable, 5 Yr. CAGR %	-	102.24	146.04	102.42	99.87
Inventory, 5 Yr. CAGR %	-	21.98	25.49	35.65	62.2
Net Property, Plant and Equip., 5 Yr. CAGR %	-	43.28	33.49	38.29	57.12
Total Assets, 5 Yr. CAGR %	-	31.17	32.4	32.88	49.54
Tangible Book Value, 5 Yr. CAGR %	-	23.04	30.52	43.45	34.86
Common Equity, 5 Yr. CAGR %	-	24.16	44.21	38.86	36.02
Cash From Operations, 5 Yr. CAGR %	-	152.01	38.17	-21.06	68.36
Capital Expenditures, 5 Yr. CAGR %	-	5.49	-23.39	96.33	160.95
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	44.73	21.75	104.02
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	41.8	-15.83	91.14