Income Statement Inpro S.A.

Stocks

INP

PLINPRO00015

Real Estate Development & Operations

Market Closed - Warsaw S.E. 11:55:40 2026-09-30 EDT			5-day change	1st Jan Change
7.300 ^PLN	+2.82%		+2.10%	-14.62%

09-15	Inpro S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
05-27	Inpro S.A. Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: INPRO S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (PLN)	2022 (PLN)	2023 (PLN)	2024 (PLN)	2025 (PLN)
Revenues	321M	358M	309M	393M	421M
Total Revenues	321M	358M	309M	393M	421M
Cost of Goods Sold, Total	220M	225M	204M	264M	272M
Gross Profit	102M	132M	104M	129M	149M
Selling General & Admin Expenses, Total	40.17M	45.04M	46.24M	52.32M	60.06M
Other Operating Expenses	-63K	-1.03M	290K	1.4M	653K
Other Operating Expenses, Total	40.11M	44.01M	46.52M	53.72M	60.71M
Operating Income	61.54M	88.31M	57.72M	75.49M	88.73M
Interest Expense, Total	-2.87M	-3.98M	-3.6M	-7.64M	-9.04M
Interest And Investment Income	192K	659K	1.02M	1.07M	1.43M
Net Interest Expenses	-2.68M	-3.32M	-2.58M	-6.58M	-7.6M
Currency Exchange Gains (Loss)	-80K	-164K	-578K	-126K	-83K
Other Non Operating Income (Expenses)	-873K	-5.83M	-2.53M	-135K	-130K
EBT, Excl. Unusual Items	57.91M	79M	52.03M	68.66M	80.91M
Gain (Loss) On Sale Of Investments	-	-	-14K	-	-
Gain (Loss) On Sale Of Assets	278K	377K	363K	1.42M	824K
Asset Writedown	-	-	-	-	-
Legal Settlements	63K	-8K	476K	8K	720K
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	58.25M	79.37M	52.86M	70.08M	82.45M
Income Tax Expense	11.34M	15.23M	9.97M	11.48M	15.29M
Earnings From Continuing Operations	46.91M	64.14M	42.88M	58.6M	67.16M
Net Income to Company	46.91M	64.14M	42.88M	58.6M	67.16M
Minority Interest	-6.28M	-9.45M	-7.66M	-8.62M	-11.33M
Net Income - (IS)	40.63M	54.69M	35.23M	49.98M	55.84M
Net Income to Common Incl Extra Items	40.63M	54.69M	35.23M	49.98M	55.84M
Net Income to Common Excl. Extra Items	40.63M	54.69M	35.23M	49.98M	55.84M
Per Share Items
Net EPS - Basic	1.01	1.37	0.88	1.25	1.39
Basic EPS - Continuing Operations	1.01	1.37	0.88	1.25	1.39
Basic Weighted Average Shares Outstanding	40.04M	40.04M	40.04M	40.04M	40.04M
Net EPS - Diluted	1.01	1.37	0.88	1.25	1.39
Diluted EPS - Continuing Operations	1.01	1.37	0.88	1.25	1.39
Diluted Weighted Average Shares Outstanding	40.04M	40.04M	40.04M	40.04M	40.04M
Normalized Basic EPS	0.75	1	0.62	0.86	0.98
Normalized Diluted EPS	0.75	1	0.62	0.86	0.98
Dividend Per Share	0.25	0.25	0.25	0.25	0.5
Payout Ratio	49.27	18.3	28.42	20.03	17.93
Supplemental Items
EBITDA	69.18M	95.69M	65.13M	83.59M	95.62M
EBITA	61.56M	88.32M	57.84M	75.52M	88.74M
EBIT	61.54M	88.31M	57.72M	75.49M	88.73M
Effective Tax Rate - (Ratio)	19.46	19.18	18.86	16.37	18.54
Current Domestic Taxes	20.08M	10.98M	15.41M	7.86M	13.21M
Total Current Taxes	20.08M	10.98M	15.41M	7.86M	13.21M
Deferred Domestic Taxes	-8.74M	4.24M	-5.44M	3.61M	2.08M
Total Deferred Taxes	-8.74M	4.24M	-5.44M	3.61M	2.08M
Normalized Net Income	29.91M	39.93M	24.86M	34.29M	39.24M
Interest Capitalized	-	2.61M	-	-	-
Interest on Long-Term Debt	156K	479K	472K	11.74M	14.22M
Non-Cash Pension Expense	154K	49K	-	-	-
Supplemental Operating Expense Items
Selling and Marketing Expenses	10.76M	13.56M	13.48M	14.26M	15.92M
General and Administrative Expenses	29.41M	31.47M	32.76M	38.05M	44.13M

Fiscal Period: December	2021 (PLN)	2022 (PLN)	2023 (PLN)	2024 (PLN)	2025 (PLN)
Assets
Cash And Equivalents	63.34M	54.7M	47.17M	40.78M	52.6M
Total Cash And Short Term Investments	63.34M	54.7M	47.17M	40.78M	52.6M
Accounts Receivable, Total	10.62M	7.83M	8.2M	17.55M	24.66M
Other Receivables	1.76M	1.81M	1.37M	2.37M	2.71M
Notes Receivable	18K	-	-	-	-
Total Receivables	12.4M	9.64M	9.57M	19.92M	27.37M
Inventory	458M	511M	548M	569M	655M
Prepaid Expenses	221K	221K	275K	336K	327K
Other Current Assets, Total	33.29M	15.39M	31.76M	49.35M	51.75M
Total Current Assets	567M	591M	637M	680M	787M
Gross Property Plant And Equipment	90.56M	101M	94.84M	95.69M	99.44M
Accumulated Depreciation	-27.86M	-30.77M	-33.71M	-36.66M	-40.05M
Net Property Plant And Equipment	62.7M	70.4M	61.13M	59.03M	59.38M
Long-term Investments	-	-	-	-	-
Goodwill	6.71M	6.71M	6.71M	6.71M	6.71M
Other Intangibles, Total	225K	184K	178K	56K	179K
Deferred Tax Assets Long-Term	1.64M	2.21M	3.5M	1.83M	1.63M
Other Long-Term Assets, Total	84.17M	79.89M	90.67M	117M	118M
Total Assets	723M	750M	799M	864M	973M
Liabilities
Accounts Payable, Total	37.59M	37.02M	26.38M	32.22M	29.12M
Accrued Expenses, Total	1.78M	2M	1.76M	2.76M	2.98M
Current Portion of Long-Term Debt	31.02M	42.36M	64.57M	79.46M	77.13M
Current Portion of Leases	2.38M	2.6M	2.75M	2.28M	2.18M
Current Income Taxes Payable	909K	881K	1.23M	749K	2.33M
Unearned Revenue Current, Total	-	-	-	-	78.62M
Other Current Liabilities	134M	78.56M	103M	128M	25.17M
Total Current Liabilities	207M	163M	200M	245M	218M
Long-Term Debt	81.29M	99.21M	86.59M	59.39M	139M
Long-Term Leases	8.75M	6.2M	4.89M	4.05M	3.72M
Unearned Revenue Non Current	-	-	-	-	932K
Pension & Other Post Retirement Benefits	465K	306K	392K	530K	1M
Deferred Tax Liability Non Current	5.56M	10.37M	6.22M	8.16M	10.04M
Other Non Current Liabilities	6.32M	6.24M	6.71M	6.82M	8.22M
Total Liabilities	310M	286M	305M	324M	380M
Common Stock, Total	4M	4M	4M	4M	4M
Additional Paid In Capital	62.24M	62.24M	62.24M	62.24M	62.24M
Retained Earnings	309M	353M	378M	417M	469M
Comprehensive Income and Other	11.05M	11.05M	11.05M	11.05M	11.05M
Total Common Equity	386M	430M	455M	494M	546M
Minority Interest	27.09M	33.95M	39.52M	45.72M	46.29M
Total Equity	413M	464M	494M	540M	592M
Total Liabilities And Equity	723M	750M	799M	864M	973M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	40.04M	40.04M	40.04M	40.04M	40.04M
ECS Total Common Shares Outstanding	40.04M	40.04M	40.04M	40.04M	40.04M
Book Value / Share	9.65	10.75	11.36	12.34	13.63
Tangible Book Value	379M	424M	448M	487M	539M
Tangible Book Value Per Share	9.47	10.58	11.19	12.17	13.46
Total Debt	123M	150M	159M	145M	222M
Net Debt	60.1M	95.67M	112M	104M	169M
Minority Interest, Total (Incl. Fin. Div)	27.09M	33.95M	39.52M	45.72M	46.29M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	3.55M	3.29M	3.59M	2.94M	2.68M
Inventories - Work In Process, Total	169M	153M	259M	206M	257M
Inventories - Finished Goods, Total	282M	352M	276M	350M	379M
Land - (BS)	6.06M	5.87M	6.03M	6.14M	6.64M
Buildings, Total	32.1M	34.16M	36.06M	35.39M	36.29M
Machinery, Total	38.89M	41.58M	43.06M	44.27M	46.62M
Full Time Employees	276	275	244	246	260
Accumulated Allowance for Doubtful Accounts (Supple)	454K	516K	582K	497K	337K

Fiscal Period: December	2021 (PLN)	2022 (PLN)	2023 (PLN)	2024 (PLN)	2025 (PLN)
Net Income	40.63M	54.69M	35.23M	49.98M	55.84M
Depreciation & Amortization - CF	7.89M	7.64M	7.56M	8.07M	8.58M
Amortization of Goodwill and Intangible Assets - (CF)	15K	10K	125K	23K	9K
Depreciation & Amortization, Total	7.9M	7.66M	7.69M	8.09M	8.59M
Amortization of Deferred Charges, Total - (CF)	96K	146K	47K	142K	97K
(Gain) Loss From Sale Of Asset	-278K	-309K	-145K	-1.32M	-767K
Other Operating Activities, Total	2.74M	23M	12.37M	22.12M	30.75M
Change In Accounts Receivable	-574K	3.24M	-4M	-10.11M	-16.95M
Change In Inventories	-53.98M	-52.95M	-30.68M	-51.31M	-85.3M
Change in Unearned Revenues	-	-	-	-	-
Change in Other Net Operating Assets	-2.31M	-38.59M	-5.7M	13.79M	-24.39M
Cash from Operations	-5.77M	-3.1M	14.8M	31.39M	-32.13M
Capital Expenditure	-7.73M	-11.83M	-8.18M	-2.34M	-3.8M
Sale of Property, Plant, and Equipment	2.56M	422K	205K	3.57M	999K
Cash Acquisitions	-	-621K	-	-	-2.35M
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-16K	-	-	-	-
Other Investing Activities, Total	1K	-	172K	-	-
Cash from Investing	-5.18M	-12.03M	-7.8M	1.23M	-5.16M
Long-Term Debt Issued, Total	130M	146M	128M	144M	192M
Total Debt Issued	130M	146M	128M	144M	192M
Long-Term Debt Repaid, Total	-122M	-124M	-121M	-159M	-117M
Total Debt Repaid	-122M	-124M	-121M	-159M	-117M
Issuance of Common Stock	-	-	200K	200K	375K
Common Dividends Paid	-20.02M	-10.01M	-10.01M	-10.01M	-10.01M
Common & Preferred Stock Dividends Paid	-20.02M	-10.01M	-10.01M	-10.01M	-10.01M
Other Financing Activities, Total	-4.18M	-5.83M	-12.14M	-13.91M	-15.66M
Cash from Financing	-16.32M	6.59M	-14.31M	-38.92M	49.07M
Foreign Exchange Rate Adjustments	-	-	-	-	-
Net Change in Cash	-27.26M	-8.54M	-7.3M	-6.3M	11.78M
Supplemental Items
Cash Interest Paid	2.27M	5.03M	10.24M	11.18M	14.36M
Cash Income Tax Paid (Refund)	18.58M	11.11M	14.98M	9.65M	10.68M
Levered Free Cash Flow	-17.3M	-38.59M	-6.14M	30.37M	-66.21M
Unlevered Free Cash Flow	-15.51M	-36.1M	-3.89M	35.15M	-60.57M
Change In Net Working Capital	54.24M	87.27M	39.52M	17.93M	121M
Net Debt Issued / Repaid	7.88M	22.43M	7.64M	-15.19M	74.37M

Fiscal Period: December	2021 (PLN)	2022 (PLN)	2023 (PLN)	2024 (PLN)	2025 (PLN)
Profitability
Return on Assets	5.46	7.49	4.66	5.67	6.04
Return on Total Capital	7.43	9.59	5.69	7.05	7.4
Return On Equity %	11.7	14.61	8.95	11.33	11.87
Return on Common Equity	10.81	13.39	7.96	10.53	10.74
Margin Analysis
Gross Profit Margin %	31.63	36.99	33.78	32.88	35.49
SG&A Margin	12.5	12.59	14.98	13.31	14.26
EBITDA Margin %	21.52	26.75	21.1	21.27	22.71
EBITA Margin %	19.15	24.69	18.74	19.22	21.07
EBIT Margin %	19.15	24.69	18.7	19.21	21.07
Income From Continuing Operations Margin %	14.6	17.93	13.9	14.91	15.95
Net Income Margin %	12.64	15.29	11.41	12.72	13.26
Net Avail. For Common Margin %	12.64	15.29	11.41	12.72	13.26
Normalized Net Income Margin	9.31	11.16	8.06	8.73	9.32
Levered Free Cash Flow Margin	-5.38	-10.79	-1.99	7.73	-15.73
Unlevered Free Cash Flow Margin	-4.83	-10.09	-1.26	8.94	-14.38
Asset Turnover
Asset Turnover	0.46	0.49	0.4	0.47	0.46
Fixed Assets Turnover	5.39	5.37	4.69	6.54	7.11
Receivables Turnover (Average Receivables)	33.28	38.78	38.5	30.52	19.95
Inventory Turnover (Average Inventory)	0.51	0.47	0.39	0.47	0.44
Short Term Liquidity
Current Ratio	2.74	3.62	3.18	2.77	3.62
Quick Ratio	0.37	0.39	0.28	0.25	0.37
Operating Cash Flow to Current Liabilities	-0.03	-0.02	0.07	0.13	-0.15
Days Sales Outstanding (Average Receivables)	10.97	9.41	9.48	11.99	18.29
Days Outstanding Inventory (Average Inventory)	715.86	784.75	945.84	775.28	822.32
Average Days Payable Outstanding	51.19	48.99	47.84	37.68	31.34
Cash Conversion Cycle (Average Days)	675.64	745.17	907.48	749.59	809.28
Long Term Solvency
Total Debt/Equity	29.86	32.38	32.12	26.89	37.5
Total Debt / Total Capital	23	24.46	24.31	21.19	27.27
LT Debt/Equity	21.78	22.7	18.5	11.75	24.1
Long-Term Debt / Total Capital	16.77	17.15	14	9.26	17.53
Total Liabilities / Total Assets	42.82	38.09	38.15	37.54	39.12
EBIT / Interest Expense	21.41	22.21	16.03	9.88	9.82
EBITDA / Interest Expense	24.16	24.14	18.16	10.94	10.77
(EBITDA - Capex) / Interest Expense	21.47	21.16	15.89	10.63	10.35
Total Debt / EBITDA	1.78	1.57	2.43	1.74	2.28
Net Debt / EBITDA	0.87	1	1.71	1.25	1.74
Total Debt / (EBITDA - Capex)	2	1.79	2.77	1.79	2.37
Net Debt / (EBITDA - Capex)	0.97	1.14	1.95	1.28	1.81
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-16	11.29	-13.72	27.34	7.14
Gross Profit, 1 Yr. Growth %	-14.78	30.17	-21.22	23.95	15.65
EBITDA, 1 Yr. Growth %	-24.71	38.33	-31.94	28.99	16.69
EBITA, 1 Yr. Growth %	-29.11	43.48	-34.51	30.56	17.51
EBIT, 1 Yr. Growth %	-29.11	43.49	-34.65	30.8	17.53
Earnings From Cont. Operations, 1 Yr. Growth %	-30.8	36.73	-33.14	36.65	14.6
Net Income, 1 Yr. Growth %	-35.54	34.6	-35.59	41.89	11.71
Normalized Net Income, 1 Yr. Growth %	-37.09	33.47	-37.73	37.93	14.44
Diluted EPS Before Extra, 1 Yr. Growth %	-35.54	34.61	-35.59	41.89	11.35
Accounts Receivable, 1 Yr. Growth %	22.1	-26.24	4.74	113.98	40.5
Inventory, 1 Yr. Growth %	13.51	11.47	7.34	3.8	15.03
Net Property, Plant and Equip., 1 Yr. Growth %	10.94	12.28	-13.16	-3.43	0.59
Total Assets, 1 Yr. Growth %	5.31	3.77	6.55	8.13	12.55
Tangible Book Value, 1 Yr. Growth %	5.69	11.66	5.76	8.79	10.61
Common Equity, 1 Yr. Growth %	5.63	11.44	5.67	8.63	10.49
Cash From Operations, 1 Yr. Growth %	-108.27	-46.19	-576.9	112.02	-202.38
Capital Expenditures, 1 Yr. Growth %	-41.5	53.04	-30.9	-71.38	62.56
Levered Free Cash Flow, 1 Yr. Growth %	-155.16	134.74	-84.09	-484.54	-318.15
Unlevered Free Cash Flow, 1 Yr. Growth %	-146.6	132.8	-89.23	-1K	-272.42
Dividend Per Share, 1 Yr. Growth %	-50	0	0	0	100
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	8.99	-3.32	-2.01	4.82	16.81
Gross Profit, 2 Yr. CAGR %	5.19	5.32	1.26	-1.18	19.73
EBITDA, 2 Yr. CAGR %	5.58	2.06	-2.97	-6.54	21.47
EBITA, 2 Yr. CAGR %	3.86	0.85	-3.07	-7.53	23.86
EBIT, 2 Yr. CAGR %	3.87	0.86	-3.16	-7.54	23.99
Earnings From Cont. Operations, 2 Yr. CAGR %	3.82	-2.73	-4.39	-4.41	25.14
Net Income, 2 Yr. CAGR %	1.83	-6.85	-6.89	-4.4	25.9
Normalized Net Income, 2 Yr. CAGR %	1.35	-8.37	-8.84	-7.33	25.63
Diluted EPS Before Extra, 2 Yr. CAGR %	1.83	-6.85	-6.89	-4.4	25.69
Accounts Receivable, 2 Yr. CAGR %	26.64	-5.1	-12.11	49.71	73.39
Inventory, 2 Yr. CAGR %	6.23	12.49	9.39	5.56	9.27
Net Property, Plant and Equip., 2 Yr. CAGR %	15.64	11.6	-1.26	-8.43	-1.44
Total Assets, 2 Yr. CAGR %	6.64	4.54	5.15	7.33	10.31
Tangible Book Value, 2 Yr. CAGR %	12.09	8.64	8.67	7.26	9.69
Common Equity, 2 Yr. CAGR %	11.86	8.5	8.52	7.14	9.55
Cash From Operations, 2 Yr. CAGR %	-48.27	-78.9	60.2	217.99	47.34
Capital Expenditures, 2 Yr. CAGR %	-11.98	-5.38	2.84	-55.53	-31.79
Levered Free Cash Flow, 2 Yr. CAGR %	103.76	10.91	-38.9	-11.28	189.53
Unlevered Free Cash Flow, 2 Yr. CAGR %	169.6	4.16	-49.94	-1.33	294.73
Dividend Per Share, 2 Yr. CAGR %	29.1	-29.29	0	0	41.42
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.46	9.75	-6.92	6.93	5.59
Gross Profit, 3 Yr. CAGR %	6.43	12.93	-4.39	8.32	4.14
EBITDA, 3 Yr. CAGR %	6.67	15.53	-10.84	6.51	-0.03
EBITA, 3 Yr. CAGR %	5.36	15.67	-12.67	7.05	0.16
EBIT, 3 Yr. CAGR %	5.38	15.68	-12.72	7.05	0.16
Earnings From Cont. Operations, 3 Yr. CAGR %	4.71	13.8	-14.16	7.7	1.55
Net Income, 3 Yr. CAGR %	2.31	11.75	-17.63	7.15	0.69
Normalized Net Income, 3 Yr. CAGR %	1.5	11.09	-19.44	4.66	-0.58
Diluted EPS Before Extra, 3 Yr. CAGR %	2.31	11.75	-17.63	7.15	0.58
Accounts Receivable, 3 Yr. CAGR %	-10.35	5.76	-1.93	18.24	46.57
Inventory, 3 Yr. CAGR %	15.21	7.95	10.75	7.49	8.63
Net Property, Plant and Equip., 3 Yr. CAGR %	6.06	14.51	2.65	-1.99	-5.51
Total Assets, 3 Yr. CAGR %	9.95	5.67	5.2	6.13	9.04
Tangible Book Value, 3 Yr. CAGR %	11.62	11.95	7.67	8.71	8.37
Common Equity, 3 Yr. CAGR %	11.38	11.72	7.54	8.55	8.24
Cash From Operations, 3 Yr. CAGR %	-41.17	-47.58	-40.35	75.89	117.95
Capital Expenditures, 3 Yr. CAGR %	-21.54	5.84	-14.79	-32.86	-31.49
Levered Free Cash Flow, 3 Yr. CAGR %	294.9	109.98	-41.95	22.71	19.72
Unlevered Free Cash Flow, 3 Yr. CAGR %	112.65	156.73	-51.12	31.36	18.82
Dividend Per Share, 3 Yr. CAGR %	0	18.56	-20.63	0	25.99
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	9.45	12.01	3.57	7.75	1.93
Gross Profit, 5 Yr. CAGR %	9.88	13.48	4.33	7.06	4.61
EBITDA, 5 Yr. CAGR %	10.92	17.92	2.71	6.14	0.8
EBITA, 5 Yr. CAGR %	10.42	18.25	1.9	5.76	0.43
EBIT, 5 Yr. CAGR %	10.44	18.28	1.88	5.76	0.44
Earnings From Cont. Operations, 5 Yr. CAGR %	9.84	16.18	0.97	6.13	-0.19
Net Income, 5 Yr. CAGR %	7.96	14.22	-1.48	4.99	-2.4
Normalized Net Income, 5 Yr. CAGR %	7.39	14.15	-2.77	3.32	-3.77
Diluted EPS Before Extra, 5 Yr. CAGR %	7.96	14.22	-1.47	4.99	-2.46
Accounts Receivable, 5 Yr. CAGR %	19.85	-9.98	-11.06	21.53	23.18
Inventory, 5 Yr. CAGR %	16.56	15.87	12.85	6.98	10.15
Net Property, Plant and Equip., 5 Yr. CAGR %	-9.6	-7.85	3.07	4.72	0.99
Total Assets, 5 Yr. CAGR %	15.08	12	8.01	6.33	7.22
Tangible Book Value, 5 Yr. CAGR %	10.84	11.6	10.43	10.05	8.47
Common Equity, 5 Yr. CAGR %	10.59	11.35	10.23	9.87	8.34
Cash From Operations, 5 Yr. CAGR %	-23.2	-17.29	-12.18	7.81	-14.36
Capital Expenditures, 5 Yr. CAGR %	-1.36	24.46	-12.57	-25.18	-22.04
Levered Free Cash Flow, 5 Yr. CAGR %	34.28	16.27	85.29	48.77	16.11
Unlevered Free Cash Flow, 5 Yr. CAGR %	25.6	16.11	19.24	75.13	12.72
Dividend Per Share, 5 Yr. CAGR %	0	0	0	10.76	0