Income Statement Indos SA

Stocks

INS

PLINDOS00035

End-of-day quote Warsaw S.E. Other stock markets 2026-06-18			5-day change	1st Jan Change
3.660 ^PLN	0.00%		-0.54%	+6.40%

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	2020	2021	2022	2023	2024
Revenues	15.04M	14.69M	19.3M	20.58M	18.79M
Total Revenues	15.04M	14.69M	19.3M	20.58M	18.79M
Cost of Goods Sold, Total	211K	286K	1.35M	458K	836K
Gross Profit	14.83M	14.41M	17.96M	20.12M	17.96M
Selling General & Admin Expenses, Total	6.03M	6.69M	6.28M	7.56M	7.72M
Depreciation & Amortization - (IS)	353K	983K	584K	616K	644K
Other Operating Expenses	-877K	-1.87M	-6.62M	-2.16M	-425K
Other Operating Expenses, Total	5.51M	5.81M	245K	6.01M	7.94M
Operating Income	9.32M	8.6M	17.71M	14.11M	10.02M
Interest Expense, Total	-2.22M	-1.76M	-2.66M	-3.8M	-4.21M
Interest And Investment Income	10.33K	5.56K	43.38K	35.18K	159K
Net Interest Expenses	-2.21M	-1.75M	-2.61M	-3.77M	-4.05M
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-10.4K	-181K	-152K	-202K	-94.01K
EBT, Excl. Unusual Items	7.1M	6.67M	14.94M	10.14M	5.88M
Impairment of Goodwill	-	-254K	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-11.04K	-	-
Gain (Loss) On Sale Of Assets	-8.14K	99.83K	166K	66.12K	543K
Asset Writedown	-778K	-427K	-1.02M	-1.45M	-1.26M
Legal Settlements	-1.59M	-1.86M	-7.02M	-1.57M	-89.28K
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	4.72M	4.23M	7.06M	7.19M	5.07M
Income Tax Expense	1.11M	1.05M	1.52M	1.54M	1.14M
Earnings From Continuing Operations	3.6M	3.18M	5.54M	5.65M	3.93M
Net Income to Company	3.6M	3.18M	5.54M	5.65M	3.93M
Minority Interest	-	137K	-	-	-
Net Income - (IS)	3.6M	3.32M	5.54M	5.65M	3.93M
Net Income to Common Incl Extra Items	3.6M	3.32M	5.54M	5.65M	3.93M
Net Income to Common Excl. Extra Items	3.6M	3.32M	5.54M	5.65M	3.93M
Per Share Items
Net EPS - Basic	0.51	0.47	0.78	0.79	0.55
Basic EPS - Continuing Operations	0.51	0.47	0.78	0.79	0.55
Basic Weighted Average Shares Outstanding	7.13M	7.13M	7.13M	7.13M	7.13M
Net EPS - Diluted	0.51	0.47	0.78	0.79	0.55
Diluted EPS - Continuing Operations	0.51	0.47	0.78	0.79	0.55
Diluted Weighted Average Shares Outstanding	7.13M	7.13M	7.13M	7.13M	7.13M
Normalized Basic EPS	0.62	0.6	1.31	0.89	0.52
Normalized Diluted EPS	0.62	0.6	1.31	0.89	0.52
Dividend Per Share	0.16	0.18	0.38	0.39	0.27
Payout Ratio	37.56	34.38	23.15	47.93	70.71
Supplemental Items
EBITDA	9.67M	9.5M	18.29M	14.73M	10.66M
EBITA	9.42M	9.17M	17.99M	14.42M	10.42M
EBIT	9.32M	8.6M	17.71M	14.11M	10.02M
Total Revenues (As Reported)	15.04M	14.69M	19.3M	20.58M	18.79M
Effective Tax Rate - (Ratio)	23.56	24.82	21.48	21.41	22.47
Current Domestic Taxes	1.06M	996K	1.15M	1.79M	645K
Total Current Taxes	1.06M	996K	1.15M	1.79M	645K
Deferred Domestic Taxes	48.33K	53.02K	361K	-247K	494K
Total Deferred Taxes	48.33K	53.02K	361K	-247K	494K
Normalized Net Income	4.44M	4.3M	9.34M	6.34M	3.67M
Interest on Long-Term Debt	2.22M	1.72M	2.65M	3.75M	4.18M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	-	336K	-	-	-
Maintenance & Repair Expenses, Total	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	9.8M	3.17M	6.29M	22.7M	29.36M
Short Term Investments	21.61M	22.92M	29.94M	14.25M	-
Total Cash And Short Term Investments	31.41M	26.09M	36.23M	36.95M	29.36M
Accounts Receivable, Total	15.4M	24.41M	24.09M	30.23M	65.61M
Other Receivables	7.19M	6.95M	7.16M	10.52M	9.56M
Total Receivables	22.59M	31.36M	31.25M	40.75M	75.16M
Inventory	-	10.98K	-	-	-
Prepaid Expenses	7.43K	9.97K	7.07K	15.68K	18.29K
Other Current Assets, Total	15.7M	10.04M	10.26M	6.95M	8.38M
Total Current Assets	69.71M	67.51M	77.75M	84.66M	113M
Gross Property Plant And Equipment	2.07M	1.78M	1.7M	1.54M	1.64M
Accumulated Depreciation	-1.69M	-1.46M	-900K	-803K	-1.01M
Net Property Plant And Equipment	379K	321K	801K	739K	631K
Long-term Investments	4.45M	-	-	-	-
Goodwill	0	869K	0	0	0
Other Intangibles, Total	1.38M	2.49M	1.05M	1.14M	4.15M
Loans Receivable Long-Term	-	470K	3.56M	-	-
Deferred Tax Assets Long-Term	294K	251K	243K	407K	307K
Deferred Charges Long-Term	-	3.13M	-	-	-
Other Long-Term Assets, Total	7.76M	7.95M	7.35M	7.39M	3.9M
Total Assets	83.97M	82.99M	90.74M	94.34M	122M
Liabilities
Accounts Payable, Total	1.94M	4.06M	2.46M	3.32M	5.27M
Accrued Expenses, Total	397K	262K	510K	373K	413K
Short-term Borrowings	19.14K	1.63M	3.45M	-	-
Current Portion of Long-Term Debt	4.16M	19.54M	10.81M	-	15.84M
Current Portion of Leases	56.29K	36.51K	267K	276K	216K
Current Income Taxes Payable	497K	388K	1.01M	1.54M	1.38M
Unearned Revenue Current, Total	8.86M	7.52M	7.3M	2.51M	2.22M
Other Current Liabilities	10.6M	9.77M	8.02M	11.39M	10.23M
Total Current Liabilities	26.53M	43.19M	33.83M	19.41M	35.57M
Long-Term Debt	30.37M	10.81M	21.02M	36.34M	46.38M
Long-Term Leases	-	73.11K	385K	228K	12K
Pension & Other Post Retirement Benefits	33.44K	71.06K	87.45K	87.45K	126K
Deferred Tax Liability Non Current	81.11K	91.02K	532K	449K	843K
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	57.01M	54.24M	55.85M	56.51M	82.93M
Common Stock, Total	7.13M	7.13M	7.13M	7.13M	7.13M
Additional Paid In Capital	16.18M	18.69M	21.85M	25.06M	27.93M
Retained Earnings	3.65M	2.66M	5.92M	5.65M	3.93M
Total Common Equity	26.96M	28.47M	34.89M	37.83M	38.98M
Minority Interest	-	276K	-	-	-
Total Equity	26.96M	28.75M	34.89M	37.83M	38.98M
Total Liabilities And Equity	83.97M	82.99M	90.74M	94.34M	122M
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	3.78	4	4.9	5.31	5.47
Tangible Book Value	25.58M	25.11M	33.84M	36.69M	34.83M
Tangible Book Value Per Share	3.59	3.52	4.75	5.15	4.89
Total Debt	34.6M	32.09M	35.94M	36.84M	62.45M
Net Debt	3.19M	6M	-299K	-107K	33.09M
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	1.78M	1.46M	1.43M	1.42M	1.52M
Full Time Employees	27	25	23	23	26
Accumulated Allowance for Doubtful Accounts (Supple)	13.21M	11.74M	5.58M	4.71M	5.45M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	3.6M	3.32M	5.54M	5.65M	3.93M
Depreciation & Amortization - CF	254K	333K	307K	311K	245K
Amortization of Goodwill and Intangible Assets - (CF)	98.73K	568K	277K	305K	399K
Depreciation & Amortization, Total	353K	901K	584K	616K	644K
Amortization of Deferred Charges, Total - (CF)	-	336K	-	-	-
Minority Interest in Earnings - (CF)	-	-137K	-	-	-
(Gain) Loss From Sale Of Asset	-8.12K	-99.83K	-11.83K	126K	-543K
Other Operating Activities, Total	1.25M	46.66K	-1.15M	-730K	4.29M
Change In Accounts Receivable	17.79M	-3.33M	1.38M	-3.01M	-20.96M
Change In Inventories	2.9K	-10.98K	10.98K	-	-
Change in Other Net Operating Assets	-9.87M	-576K	-2.02M	-969K	-1.33K
Cash from Operations	13.12M	450K	4.33M	1.69M	-12.64M
Capital Expenditure	-69.16K	-1.23M	-78.11K	-761K	-3.51M
Sale of Property, Plant, and Equipment	170K	99.83K	41.11K	115K	-
Sale (Purchase) of Real Estate properties	-6.79M	-	498K	15K	4M
Investment in Marketable and Equity Securities, Total	-111K	-15.28K	64.4K	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	44.76M	-	-	-	-
Other Investing Activities, Total	-46.16M	-671K	-819K	20.94M	-
Cash from Investing	-8.21M	-1.81M	-293K	20.31M	489K
Short Term Debt Issued, Total	2.43M	12.32M	15.56M	14.62M	6.76M
Long-Term Debt Issued, Total	10.79M	-	20.5M	15M	31M
Total Debt Issued	13.22M	12.32M	36.06M	29.62M	37.76M
Short Term Debt Repaid, Total	-2.41M	-10.73M	-13.74M	-18.04M	-6.76M
Long-Term Debt Repaid, Total	-11.12M	-4M	-19.5M	-10.79M	-4.88M
Total Debt Repaid	-13.53M	-14.73M	-33.24M	-28.83M	-11.64M
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-1.35M	-1.14M	-1.28M	-2.71M	-2.78M
Common & Preferred Stock Dividends Paid	-1.35M	-1.14M	-1.28M	-2.71M	-2.78M
Other Financing Activities, Total	-2.4M	-1.91M	-2.41M	-3.67M	-4.53M
Cash from Financing	-4.07M	-5.47M	-870K	-5.59M	18.81M
Net Change in Cash	845K	-6.83M	3.17M	16.4M	6.67M
Supplemental Items
Cash Interest Paid	2.4M	1.91M	2.41M	3.67M	4.53M
Levered Free Cash Flow	12.79M	225K	8.13M	-61.4K	-20.45M
Unlevered Free Cash Flow	14.18M	1.32M	9.79M	2.31M	-17.82M
Change In Net Working Capital	-8.08M	4.06M	1.78M	6.36M	21.22M
Net Debt Issued / Repaid	-310K	-2.41M	2.82M	794K	26.12M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	6.62	6.42	12.65	9.53	5.79
Return on Total Capital	9.6	8.8	16.58	12.12	7.11
Return On Equity %	13.97	11.47	16.91	15.54	10.23
Return on Common Equity	13.97	12.11	16.91	15.54	10.23
Margin Analysis
Gross Profit Margin %	98.6	98.05	93.02	97.77	95.55
SG&A Margin	40.12	45.54	32.56	36.72	41.08
EBITDA Margin %	64.31	64.67	94.77	71.58	56.74
EBITA Margin %	62.62	62.4	93.18	70.07	55.44
EBIT Margin %	61.96	58.53	91.75	68.58	53.31
Income From Continuing Operations Margin %	23.96	21.64	28.71	27.46	20.91
Net Income Margin %	23.96	22.57	28.71	27.46	20.91
Net Avail. For Common Margin %	23.96	22.57	28.71	27.46	20.91
Normalized Net Income Margin	29.48	29.3	48.38	30.81	19.54
Levered Free Cash Flow Margin	85.05	1.53	42.13	-0.3	-108.8
Unlevered Free Cash Flow Margin	94.3	9	50.74	11.25	-94.8
Asset Turnover
Asset Turnover	0.17	0.18	0.22	0.22	0.17
Fixed Assets Turnover	30.44	42.02	34.41	26.72	27.44
Receivables Turnover (Average Receivables)	0.73	0.74	0.79	0.76	0.34
Inventory Turnover (Average Inventory)	-	-	-	-	-
Short Term Liquidity
Current Ratio	2.63	1.56	2.3	4.36	3.17
Quick Ratio	2.04	1.33	2	4	2.94
Operating Cash Flow to Current Liabilities	0.49	0.01	0.13	0.09	-0.36
Days Sales Outstanding (Average Receivables)	502.74	495.26	461.55	481.71	1.07K
Days Outstanding Inventory (Average Inventory)	-	-	-	-	-
Average Days Payable Outstanding	-	-	-	2.3K	1.88K
Cash Conversion Cycle (Average Days)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	128.37	111.62	103	97.38	160.19
Total Debt / Total Capital	56.21	52.75	50.74	49.34	61.57
LT Debt/Equity	112.67	37.86	61.36	96.65	119
Long-Term Debt / Total Capital	49.34	17.89	30.23	48.97	45.74
Total Liabilities / Total Assets	67.9	65.36	61.55	59.9	68.02
EBIT / Interest Expense	4.19	4.9	6.66	3.71	2.38
EBITDA / Interest Expense	4.35	5.41	6.88	3.87	2.53
(EBITDA - Capex) / Interest Expense	4.32	4.71	6.86	3.67	1.7
Total Debt / EBITDA	3.58	3.38	1.96	2.5	5.86
Net Debt / EBITDA	0.33	0.63	-0.02	-0.01	3.1
Total Debt / (EBITDA - Capex)	3.6	3.88	1.97	2.64	8.73
Net Debt / (EBITDA - Capex)	0.33	0.72	-0.02	-0.01	4.62
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-4.27	-4.25	31.21	6.61	-8.67
Gross Profit, 1 Yr. Growth %	-1.86	-4.8	24.42	12.06	-10.75
EBITDA, 1 Yr. Growth %	2.24	1.43	73.99	-19.48	-27.6
EBITA, 1 Yr. Growth %	2.52	3.97	78.73	-18.58	-26.18
EBIT, 1 Yr. Growth %	1.44	-1.47	75.98	-20.31	-29.01
Earnings From Cont. Operations, 1 Yr. Growth %	-13.18	10.95	15.05	1.97	-30.44
Net Income, 1 Yr. Growth %	-13.18	12.65	15.05	1.97	-30.44
Normalized Net Income, 1 Yr. Growth %	2.64	4.64	83.6	-32.11	-42.07
Diluted EPS Before Extra, 1 Yr. Growth %	-13.18	12.65	15.05	1.97	-30.44
Accounts Receivable, 1 Yr. Growth %	-40.59	57.88	-2.57	25.46	47.51
Inventory, 1 Yr. Growth %	-	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	-37.86	-15.35	149.95	-7.74	-14.68
Total Assets, 1 Yr. Growth %	-8.75	-1.76	7.72	3.96	29.23
Tangible Book Value, 1 Yr. Growth %	10.06	9.08	15.24	8.41	-5.06
Common Equity, 1 Yr. Growth %	9.31	8.28	13.9	8.43	3.04
Cash From Operations, 1 Yr. Growth %	-3.29K	-96.45	379.59	-61.09	-155.85
Capital Expenditures, 1 Yr. Growth %	-96.68	85.68	-83.34	874.89	360.55
Levered Free Cash Flow, 1 Yr. Growth %	-860.35	-98.24	8K	-100.75	42.85
Unlevered Free Cash Flow, 1 Yr. Growth %	-4.48K	-90.66	717.85	-76.37	49.25
Dividend Per Share, 1 Yr. Growth %	-15.79	12.5	111.11	2.63	-30.77
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	0.27	-3.3	12.16	18.27	-1.33
Gross Profit, 2 Yr. CAGR %	1.95	-2.36	8.93	18.08	0.01
EBITDA, 2 Yr. CAGR %	5.86	0.21	39.75	18.36	-23.65
EBITA, 2 Yr. CAGR %	6.82	-0.11	42.82	19.7	-23.3
EBIT, 2 Yr. CAGR %	6.26	-3.26	42.44	18.42	-24.78
Earnings From Cont. Operations, 2 Yr. CAGR %	3.05	-12.5	39.06	8.31	-15.78
Net Income, 2 Yr. CAGR %	3.05	-10.63	37.19	8.31	-15.78
Normalized Net Income, 2 Yr. CAGR %	3.37	-0.19	50.67	11.64	-37.29
Diluted EPS Before Extra, 2 Yr. CAGR %	3.05	-10.63	37.19	8.31	-15.78
Accounts Receivable, 2 Yr. CAGR %	-17.75	-2.96	24.83	10.56	65.02
Inventory, 2 Yr. CAGR %	-	94.68	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-32.67	-27.48	45.46	51.86	-11.28
Total Assets, 2 Yr. CAGR %	-5.51	-5.04	3.65	5.83	15.91
Tangible Book Value, 2 Yr. CAGR %	9.61	3.94	21.25	11.78	1.45
Common Equity, 2 Yr. CAGR %	12.52	7.45	15.19	11.13	5.7
Cash From Operations, 2 Yr. CAGR %	55.93	4.56	-41.52	36.61	70.77
Capital Expenditures, 2 Yr. CAGR %	-48.84	-23.24	-65.6	27.45	570.06
Levered Free Cash Flow, 2 Yr. CAGR %	55.56	-63.46	-20.16	-21.79	58.55
Unlevered Free Cash Flow, 2 Yr. CAGR %	44.84	102.11	-16.8	39.02	34.88
Dividend Per Share, 2 Yr. CAGR %	20.6	-2.67	54.11	47.2	-15.71
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0.1	-0.6	7.1	10.28	8.5
Gross Profit, 3 Yr. CAGR %	1.25	0.32	5.91	9.96	7.56
EBITDA, 3 Yr. CAGR %	22.82	3.25	24.58	16.29	0.47
EBITA, 3 Yr. CAGR %	25.34	3.56	25.1	17.81	1.16
EBIT, 3 Yr. CAGR %	24.9	1.37	24.45	17.37	-0.15
Earnings From Cont. Operations, 3 Yr. CAGR %	-17.18	-2.16	10.1	25.4	-6.55
Net Income, 3 Yr. CAGR %	-17.18	-0.77	10.1	24.27	-6.55
Normalized Net Income, 3 Yr. CAGR %	44.84	1.23	29.3	15.51	-10.29
Diluted EPS Before Extra, 3 Yr. CAGR %	-17.18	-0.77	10.1	24.27	-6.55
Accounts Receivable, 3 Yr. CAGR %	-17.82	2.35	-2.41	25.04	38.44
Inventory, 3 Yr. CAGR %	-	-28.93	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-22.61	-27.33	9.55	24.98	25.31
Total Assets, 3 Yr. CAGR %	-6.23	-4.08	-0.47	3.75	13.11
Tangible Book Value, 3 Yr. CAGR %	12.64	5.65	13.35	16.81	5.86
Common Equity, 3 Yr. CAGR %	14.63	10.17	12.26	12.89	8.37
Cash From Operations, 3 Yr. CAGR %	6.31	-56.31	119.15	-48.94	140.93
Capital Expenditures, 3 Yr. CAGR %	-12.55	66.78	-66.51	4.88	95.58
Levered Free Cash Flow, 3 Yr. CAGR %	23.58	-65.11	69.08	-83.12	488.4
Unlevered Free Cash Flow, 3 Yr. CAGR %	19.5	-41.96	211.64	-45.31	145.95
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 %	3.54	0.43	5.18	6.58	3.65
Gross Profit, 5 Yr. CAGR %	4.59	4.01	4.67	7.11	3.51
EBITDA, 5 Yr. CAGR %	8.6	3.35	28.5	11.28	2.42
EBITA, 5 Yr. CAGR %	9.5	3.79	30.33	11.8	2.55
EBIT, 5 Yr. CAGR %	9.27	2.47	29.92	11.32	1.75
Earnings From Cont. Operations, 5 Yr. CAGR %	4.17	8.32	-2.68	10.73	-1.09
Net Income, 5 Yr. CAGR %	4.17	9.24	-2.68	10.73	-1.09
Normalized Net Income, 5 Yr. CAGR %	11.55	2.06	44.95	8.85	-3.2
Diluted EPS Before Extra, 5 Yr. CAGR %	4.17	9.24	-2.68	10.73	-1.09
Accounts Receivable, 5 Yr. CAGR %	-13.85	-5.31	-2.79	5.83	20.41
Inventory, 5 Yr. CAGR %	-	-30.36	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-18.99	-17.7	-0.39	-2.41	0.69
Total Assets, 5 Yr. CAGR %	-5.2	-11.21	-2.28	0.06	5.79
Tangible Book Value, 5 Yr. CAGR %	1.62	0.29	13.59	11.5	8.43
Common Equity, 5 Yr. CAGR %	2.69	2.85	14.28	12.18	9.59
Cash From Operations, 5 Yr. CAGR %	17.69	-38.29	-16.88	-20.75	98.34
Capital Expenditures, 5 Yr. CAGR %	-35.06	15.4	-5.46	23.58	11.01
Levered Free Cash Flow, 5 Yr. CAGR %	5.15	-25.89	3.71	-58.98	64.79
Unlevered Free Cash Flow, 5 Yr. CAGR %	5.24	-6.3	3.34	-19.3	122.93
Dividend Per Share, 5 Yr. CAGR %	2.71	20.79	-	28.81	7.28