Income Statement Indos SA

Stocks

INS

PLINDOS00035

End-of-day quote Warsaw S.E. Other stock markets 2026-07-31			5-day change	1st Jan Change
3.200 ^PLN	+4.58%		-3.03%	-6.98%

05-15	Indos SA Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
02-15	Indos SA Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2025	CI

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Published financial data: INDOS SA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	14.69M	19.3M	20.58M	18.79M	22.03M
Total Revenues	14.69M	19.3M	20.58M	18.79M	22.03M
Cost of Goods Sold, Total	286K	1.35M	458K	836K	832K
Gross Profit	14.41M	17.96M	20.12M	17.96M	21.2M
Selling General & Admin Expenses, Total	6.69M	6.28M	7.56M	7.72M	8.87M
Depreciation & Amortization - (IS)	983K	584K	616K	644K	1.19M
Other Operating Expenses	-1.87M	-6.62M	-2.16M	-425K	-350K
Other Operating Expenses, Total	5.81M	245K	6.01M	7.94M	9.71M
Operating Income	8.6M	17.71M	14.11M	10.02M	11.49M
Interest Expense, Total	-1.76M	-2.66M	-3.8M	-4.21M	-5.02M
Interest And Investment Income	5.56K	43.38K	35.18K	159K	68.45K
Net Interest Expenses	-1.75M	-2.61M	-3.77M	-4.05M	-4.95M
Other Non Operating Income (Expenses)	-181K	-152K	-202K	-94.01K	-195K
EBT, Excl. Unusual Items	6.67M	14.94M	10.14M	5.88M	6.34M
Impairment of Goodwill	-254K	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-11.04K	-	-	-
Gain (Loss) On Sale Of Assets	99.83K	166K	66.12K	543K	96.02K
Asset Writedown	-427K	-1.02M	-1.45M	-1.26M	-948K
Legal Settlements	-1.86M	-7.02M	-1.57M	-89.28K	-43.2K
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	4.23M	7.06M	7.19M	5.07M	5.45M
Income Tax Expense	1.05M	1.52M	1.54M	1.14M	1.08M
Earnings From Continuing Operations	3.18M	5.54M	5.65M	3.93M	4.37M
Net Income to Company	3.18M	5.54M	5.65M	3.93M	4.37M
Minority Interest	137K	-	-	-	-
Net Income - (IS)	3.32M	5.54M	5.65M	3.93M	4.37M
Net Income to Common Incl Extra Items	3.32M	5.54M	5.65M	3.93M	4.37M
Net Income to Common Excl. Extra Items	3.32M	5.54M	5.65M	3.93M	4.37M
Per Share Items
Net EPS - Basic	0.47	0.78	0.79	0.55	0.61
Basic EPS - Continuing Operations	0.47	0.78	0.79	0.55	0.61
Basic Weighted Average Shares Outstanding	7.13M	7.13M	7.13M	7.13M	7.13M
Net EPS - Diluted	0.47	0.78	0.79	0.55	0.61
Diluted EPS - Continuing Operations	0.47	0.78	0.79	0.55	0.61
Diluted Weighted Average Shares Outstanding	7.13M	7.13M	7.13M	7.13M	7.13M
Normalized Basic EPS	0.6	1.31	0.89	0.52	0.56
Normalized Diluted EPS	0.6	1.31	0.89	0.52	0.56
Dividend Per Share	0.18	0.38	0.39	0.27	-
Payout Ratio	34.38	23.15	47.93	70.71	44
Supplemental Items
EBITDA	9.5M	18.29M	14.73M	10.66M	12.69M
EBITA	9.17M	17.99M	14.42M	10.42M	12.47M
EBIT	8.6M	17.71M	14.11M	10.02M	11.49M
Total Revenues (As Reported)	14.69M	19.3M	20.58M	18.79M	22.03M
Effective Tax Rate - (Ratio)	24.82	21.48	21.41	22.47	19.75
Current Domestic Taxes	996K	1.15M	1.79M	645K	285K
Total Current Taxes	996K	1.15M	1.79M	645K	285K
Deferred Domestic Taxes	53.02K	361K	-247K	494K	792K
Total Deferred Taxes	53.02K	361K	-247K	494K	792K
Normalized Net Income	4.3M	9.34M	6.34M	3.67M	3.97M
Interest on Long-Term Debt	1.72M	2.65M	3.75M	4.18M	4.93M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	336K	-	-	-	-
Maintenance & Repair Expenses, Total	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	3.17M	6.29M	22.7M	29.36M	11.91M
Short Term Investments	22.92M	29.94M	14.25M	-	-
Total Cash And Short Term Investments	26.09M	36.23M	36.95M	29.36M	11.91M
Accounts Receivable, Total	24.41M	24.09M	30.23M	65.61M	74.2M
Other Receivables	6.95M	7.16M	10.52M	9.56M	8.1M
Total Receivables	31.36M	31.25M	40.75M	75.16M	82.29M
Inventory	10.98K	-	-	-	-
Prepaid Expenses	9.97K	7.07K	15.68K	18.29K	17.39K
Other Current Assets, Total	10.04M	10.26M	6.95M	8.38M	6.05M
Total Current Assets	67.51M	77.75M	84.66M	113M	100M
Gross Property Plant And Equipment	1.78M	1.7M	1.54M	1.64M	1.53M
Accumulated Depreciation	-1.46M	-900K	-803K	-1.01M	-925K
Net Property Plant And Equipment	321K	801K	739K	631K	605K
Long-term Investments	-	-	-	-	-
Goodwill	869K	0	0	0	0
Other Intangibles, Total	2.49M	1.05M	1.14M	4.15M	3.19M
Loans Receivable Long-Term	470K	3.56M	-	-	-
Deferred Tax Assets Long-Term	251K	243K	407K	307K	263K
Deferred Charges Long-Term	3.13M	-	-	-	-
Other Long-Term Assets, Total	7.95M	7.35M	7.39M	3.9M	3.75M
Total Assets	82.99M	90.74M	94.34M	122M	108M
Liabilities
Accounts Payable, Total	4.06M	2.46M	3.32M	5.27M	5.13M
Accrued Expenses, Total	262K	510K	373K	413K	523K
Short-term Borrowings	1.63M	3.45M	-	-	1.1M
Current Portion of Long-Term Debt	19.54M	10.81M	-	15.84M	-
Current Portion of Leases	36.51K	267K	276K	216K	93.61K
Current Income Taxes Payable	388K	1.01M	1.54M	1.38M	886K
Unearned Revenue Current, Total	7.52M	7.3M	2.51M	2.22M	2.66M
Other Current Liabilities	9.77M	8.02M	11.39M	10.23M	12.37M
Total Current Liabilities	43.19M	33.83M	19.41M	35.57M	22.76M
Long-Term Debt	10.81M	21.02M	36.34M	46.38M	46.06M
Long-Term Leases	73.11K	385K	228K	12K	81.67K
Pension & Other Post Retirement Benefits	71.06K	87.45K	87.45K	126K	105K
Deferred Tax Liability Non Current	91.02K	532K	449K	843K	1.59M
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	54.24M	55.85M	56.51M	82.93M	70.6M
Common Stock, Total	7.13M	7.13M	7.13M	7.13M	7.13M
Additional Paid In Capital	18.69M	21.85M	25.06M	27.93M	29.93M
Retained Earnings	2.66M	5.92M	5.65M	3.93M	423K
Total Common Equity	28.47M	34.89M	37.83M	38.98M	37.48M
Minority Interest	276K	-	-	-	-
Total Equity	28.75M	34.89M	37.83M	38.98M	37.48M
Total Liabilities And Equity	82.99M	90.74M	94.34M	122M	108M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	7.13M	7.13M	7.13M	7.13M	7.13M
ECS Total Common Shares Outstanding	7.13M	7.13M	7.13M	7.13M	7.13M
Book Value / Share	4	4.9	5.31	5.47	5.26
Tangible Book Value	25.11M	33.84M	36.69M	34.83M	34.3M
Tangible Book Value Per Share	3.52	4.75	5.15	4.89	4.81
Total Debt	32.09M	35.94M	36.84M	62.45M	47.34M
Net Debt	6M	-299K	-107K	33.09M	35.42M
Minority Interest, Total (Incl. Fin. Div)	276K	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Finished Goods, Total	10.98K	-	-	-	-
Buildings, Total	9.79K	9.79K	9.79K	9.79K	9.79K
Machinery, Total	1.46M	1.43M	1.42M	1.52M	1.41M
Full Time Employees	25	23	23	26	26
Accumulated Allowance for Doubtful Accounts (Supple)	11.74M	5.58M	4.71M	5.45M	9.57M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	3.32M	5.54M	5.65M	3.93M	4.37M
Depreciation & Amortization - CF	333K	307K	311K	245K	220K
Amortization of Goodwill and Intangible Assets - (CF)	568K	277K	305K	399K	974K
Depreciation & Amortization, Total	901K	584K	616K	644K	1.19M
Amortization of Deferred Charges, Total - (CF)	336K	-	-	-	-
Minority Interest in Earnings - (CF)	-137K	-	-	-	-
(Gain) Loss From Sale Of Asset	-99.83K	-11.83K	126K	-543K	-96.02K
Other Operating Activities, Total	46.66K	-1.15M	-730K	4.29M	1.66M
Change In Accounts Receivable	-3.33M	1.38M	-3.01M	-20.96M	-5.17M
Change In Inventories	-10.98K	10.98K	-	-	-
Change in Other Net Operating Assets	-576K	-2.02M	-969K	-1.33K	4.07M
Cash from Operations	450K	4.33M	1.69M	-12.64M	6.04M
Capital Expenditure	-1.23M	-78.11K	-761K	-3.51M	-10.14K
Sale of Property, Plant, and Equipment	99.83K	41.11K	115K	-	207K
Sale (Purchase) of Real Estate properties	-	498K	15K	4M	150K
Investment in Marketable and Equity Securities, Total	-15.28K	64.4K	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	-671K	-819K	20.94M	-	-
Cash from Investing	-1.81M	-293K	20.31M	489K	347K
Short Term Debt Issued, Total	12.32M	15.56M	14.62M	6.76M	14.7M
Long-Term Debt Issued, Total	-	20.5M	15M	31M	11.73M
Total Debt Issued	12.32M	36.06M	29.62M	37.76M	26.43M
Short Term Debt Repaid, Total	-10.73M	-13.74M	-18.04M	-6.76M	-13.6M
Long-Term Debt Repaid, Total	-4M	-19.5M	-10.79M	-4.88M	-29.07M
Total Debt Repaid	-14.73M	-33.24M	-28.83M	-11.64M	-42.67M
Common Dividends Paid	-1.14M	-1.28M	-2.71M	-2.78M	-1.92M
Common & Preferred Stock Dividends Paid	-1.14M	-1.28M	-2.71M	-2.78M	-1.92M
Other Financing Activities, Total	-1.91M	-2.41M	-3.67M	-4.53M	-5.67M
Cash from Financing	-5.47M	-870K	-5.59M	18.81M	-23.84M
Net Change in Cash	-6.83M	3.17M	16.4M	6.67M	-17.45M
Supplemental Items
Cash Interest Paid	1.91M	2.41M	3.67M	4.53M	5.67M
Levered Free Cash Flow	225K	8.13M	-61.4K	-20.45M	-1.47M
Unlevered Free Cash Flow	1.32M	9.79M	2.31M	-17.82M	1.67M
Change In Net Working Capital	4.06M	1.78M	6.36M	21.22M	6.7M
Net Debt Issued / Repaid	-2.41M	2.82M	794K	26.12M	-16.24M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	6.42	12.65	9.53	5.79	6.35
Return on Total Capital	8.8	16.58	12.12	7.11	7.88
Return On Equity %	11.47	16.91	15.54	10.23	12.06
Return on Common Equity	12.11	16.91	15.54	10.23	12.06
Margin Analysis
Gross Profit Margin %	98.05	93.02	97.77	95.55	96.22
SG&A Margin	45.54	32.56	36.72	41.08	40.24
EBITDA Margin %	64.67	94.77	71.58	56.74	57.57
EBITA Margin %	62.4	93.18	70.07	55.44	56.57
EBIT Margin %	58.53	91.75	68.58	53.31	52.15
Income From Continuing Operations Margin %	21.64	28.71	27.46	20.91	19.85
Net Income Margin %	22.57	28.71	27.46	20.91	19.85
Net Avail. For Common Margin %	22.57	28.71	27.46	20.91	19.85
Normalized Net Income Margin	29.3	48.38	30.81	19.54	18
Levered Free Cash Flow Margin	1.53	42.13	-0.3	-108.8	-6.68
Unlevered Free Cash Flow Margin	9	50.74	11.25	-94.8	7.56
Asset Turnover
Asset Turnover	0.18	0.22	0.22	0.17	0.19
Fixed Assets Turnover	42.02	34.41	26.72	27.44	35.67
Receivables Turnover (Average Receivables)	0.74	0.79	0.76	0.34	0.32
Inventory Turnover (Average Inventory)	-	-	-	-	-
Short Term Liquidity
Current Ratio	1.56	2.3	4.36	3.17	4.41
Quick Ratio	1.33	2	4	2.94	4.14
Operating Cash Flow to Current Liabilities	0.01	0.13	0.09	-0.36	0.27
Days Sales Outstanding (Average Receivables)	495.26	461.55	481.71	1.07K	1.16K
Days Outstanding Inventory (Average Inventory)	-	-	-	-	-
Average Days Payable Outstanding	-	-	2.3K	1.88K	2.28K
Cash Conversion Cycle (Average Days)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	111.62	103	97.38	160.19	126.29
Total Debt / Total Capital	52.75	50.74	49.34	61.57	55.81
LT Debt/Equity	37.86	61.36	96.65	119	123.1
Long-Term Debt / Total Capital	17.89	30.23	48.97	45.74	54.4
Total Liabilities / Total Assets	65.36	61.55	59.9	68.02	65.32
EBIT / Interest Expense	4.9	6.66	3.71	2.38	2.29
EBITDA / Interest Expense	5.41	6.88	3.87	2.53	2.53
(EBITDA - Capex) / Interest Expense	4.71	6.86	3.67	1.7	2.52
Total Debt / EBITDA	3.38	1.96	2.5	5.86	3.73
Net Debt / EBITDA	0.63	-0.02	-0.01	3.1	2.79
Total Debt / (EBITDA - Capex)	3.88	1.97	2.64	8.73	3.73
Net Debt / (EBITDA - Capex)	0.72	-0.02	-0.01	4.62	2.79
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-4.25	31.21	6.61	-8.67	17.24
Gross Profit, 1 Yr. Growth %	-4.8	24.42	12.06	-10.75	18.06
EBITDA, 1 Yr. Growth %	1.43	73.99	-19.48	-27.6	91.49
EBITA, 1 Yr. Growth %	3.97	78.73	-18.58	-26.18	108.43
EBIT, 1 Yr. Growth %	-1.47	75.98	-20.31	-29.01	92.15
Earnings From Cont. Operations, 1 Yr. Growth %	10.95	15.05	1.97	-30.44	-22.71K
Net Income, 1 Yr. Growth %	12.65	15.05	1.97	-30.44	-22.71K
Normalized Net Income, 1 Yr. Growth %	4.64	83.6	-32.11	-42.07	245.24
Diluted EPS Before Extra, 1 Yr. Growth %	12.65	15.05	1.97	-30.44	-22.71K
Accounts Receivable, 1 Yr. Growth %	57.88	-2.57	25.46	47.51	13.09
Inventory, 1 Yr. Growth %	-	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	-15.35	149.95	-7.74	-14.68	-4.13
Total Assets, 1 Yr. Growth %	-1.76	7.72	3.96	29.23	-8.38
Tangible Book Value, 1 Yr. Growth %	9.08	15.24	8.41	-5.06	11.05
Common Equity, 1 Yr. Growth %	8.28	13.9	8.43	3.04	6.99
Cash From Operations, 1 Yr. Growth %	-96.45	379.59	-61.09	-155.85	-147.8
Capital Expenditures, 1 Yr. Growth %	85.68	-83.34	874.89	360.55	-99.71
Levered Free Cash Flow, 1 Yr. Growth %	-98.24	8K	-100.75	42.85	-92.26
Unlevered Free Cash Flow, 1 Yr. Growth %	-90.66	717.85	-76.37	49.25	-110.16
Dividend Per Share, 1 Yr. Growth %	12.5	111.11	2.63	-30.77	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-3.3	12.16	18.27	-1.33	3.47
Gross Profit, 2 Yr. CAGR %	-2.36	8.93	18.08	0.01	2.65
EBITDA, 2 Yr. CAGR %	0.21	39.75	18.36	-23.65	-7.2
EBITA, 2 Yr. CAGR %	-0.11	42.82	19.7	-23.3	-6.02
EBIT, 2 Yr. CAGR %	-3.26	42.44	18.42	-24.78	-9.77
Earnings From Cont. Operations, 2 Yr. CAGR %	-12.5	39.06	8.31	-15.78	-12.03
Net Income, 2 Yr. CAGR %	-10.63	37.19	8.31	-15.78	-12.03
Normalized Net Income, 2 Yr. CAGR %	-0.19	50.67	11.64	-37.29	-20.92
Diluted EPS Before Extra, 2 Yr. CAGR %	-10.63	37.19	8.31	-15.78	-12.03
Accounts Receivable, 2 Yr. CAGR %	-2.96	24.83	10.56	65.02	29.16
Inventory, 2 Yr. CAGR %	94.68	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-27.48	45.46	51.86	-11.28	-9.56
Total Assets, 2 Yr. CAGR %	-5.04	3.65	5.83	15.91	7.03
Tangible Book Value, 2 Yr. CAGR %	3.94	21.25	11.78	1.45	-3.32
Common Equity, 2 Yr. CAGR %	7.45	15.19	11.13	5.7	-0.46
Cash From Operations, 2 Yr. CAGR %	4.56	-41.52	36.61	70.77	-48.33
Capital Expenditures, 2 Yr. CAGR %	-23.24	-65.6	27.45	570.06	-88.46
Levered Free Cash Flow, 2 Yr. CAGR %	-63.46	-20.16	-21.79	58.55	-67.93
Unlevered Free Cash Flow, 2 Yr. CAGR %	102.11	-16.8	39.02	34.88	-62.65
Dividend Per Share, 2 Yr. CAGR %	-2.67	54.11	47.2	-15.71	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-0.6	7.1	10.28	8.5	4.51
Gross Profit, 3 Yr. CAGR %	0.32	5.91	9.96	7.56	5.7
EBITDA, 3 Yr. CAGR %	3.25	24.58	16.29	0.47	-11.49
EBITA, 3 Yr. CAGR %	3.56	25.1	17.81	1.16	-11.05
EBIT, 3 Yr. CAGR %	1.37	24.45	17.37	-0.15	-13.43
Earnings From Cont. Operations, 3 Yr. CAGR %	-2.16	10.1	25.4	-6.55	-7.59
Net Income, 3 Yr. CAGR %	-0.77	10.1	24.27	-6.55	-7.59
Normalized Net Income, 3 Yr. CAGR %	1.23	29.3	15.51	-10.29	-24.84
Diluted EPS Before Extra, 3 Yr. CAGR %	-0.77	10.1	24.27	-6.55	-7.59
Accounts Receivable, 3 Yr. CAGR %	2.35	-2.41	25.04	38.44	45.49
Inventory, 3 Yr. CAGR %	-28.93	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-27.33	9.55	24.98	25.31	-8.95
Total Assets, 3 Yr. CAGR %	-4.08	-0.47	3.75	13.11	6
Tangible Book Value, 3 Yr. CAGR %	5.65	13.35	16.81	5.86	0.44
Common Equity, 3 Yr. CAGR %	10.17	12.26	12.89	8.37	2.42
Cash From Operations, 3 Yr. CAGR %	-56.31	119.15	-48.94	140.93	11.7
Capital Expenditures, 3 Yr. CAGR %	66.78	-66.51	4.88	95.58	-49.37
Levered Free Cash Flow, 3 Yr. CAGR %	-65.11	69.08	-83.12	488.4	-43.43
Unlevered Free Cash Flow, 3 Yr. CAGR %	-41.96	211.64	-45.31	145.95	-44.6
Dividend Per Share, 3 Yr. CAGR %	17.84	25.99	34.58	14.47	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	0.43	5.18	6.58	3.65	7.5
Gross Profit, 5 Yr. CAGR %	4.01	4.67	7.11	3.51	6.98
EBITDA, 5 Yr. CAGR %	3.35	28.5	11.28	2.42	6.25
EBITA, 5 Yr. CAGR %	3.79	30.33	11.8	2.55	7.17
EBIT, 5 Yr. CAGR %	2.47	29.92	11.32	1.75	5.65
Earnings From Cont. Operations, 5 Yr. CAGR %	8.32	-2.68	10.73	-1.09	8.82
Net Income, 5 Yr. CAGR %	9.24	-2.68	10.73	-1.09	8.23
Normalized Net Income, 5 Yr. CAGR %	2.06	44.95	8.85	-3.2	-0.73
Diluted EPS Before Extra, 5 Yr. CAGR %	9.24	-2.68	10.73	-1.09	8.23
Accounts Receivable, 5 Yr. CAGR %	-5.31	-2.79	5.83	20.41	36.84
Inventory, 5 Yr. CAGR %	-30.36	-	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-17.7	-0.39	-2.41	0.69	9.81
Total Assets, 5 Yr. CAGR %	-11.21	-2.28	0.06	5.79	5.05
Tangible Book Value, 5 Yr. CAGR %	0.29	13.59	11.5	8.43	8.3
Common Equity, 5 Yr. CAGR %	2.85	14.28	12.18	9.59	7.35
Cash From Operations, 5 Yr. CAGR %	-38.29	-16.88	-20.75	98.34	-13.77
Capital Expenditures, 5 Yr. CAGR %	15.4	-5.46	23.58	11.01	-56.62
Levered Free Cash Flow, 5 Yr. CAGR %	-25.89	3.71	-58.98	64.79	-35.07
Unlevered Free Cash Flow, 5 Yr. CAGR %	-6.3	3.34	-19.3	122.93	-34.82
Dividend Per Share, 5 Yr. CAGR %	20.79	-	28.81	7.28	-