Cash flow Intercapital Property Development ADSIC

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ICPD

BG1100018057

Diversified REITs

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04-30	Intercapital Property Development ADSIC Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
03-30	Intercapital Property Development ADSIC Reports Earnings Results for the Full Year Ended December 31, 2025	CI

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Published financial data: INTERCAPITAL PROPERTY DEVELOPMENT ADSIC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2022	2023	2024	2025
Revenues	1.52M	875K	9.14M	324K	314K
Other Revenues, Total	-	-	-	-	-
Total Revenues	1.52M	875K	9.14M	324K	314K
Cost of Goods Sold, Total	577K	70K	8.24M	189K	814K
Gross Profit	939K	805K	902K	135K	-500K
Selling General & Admin Expenses, Total	978K	203K	218K	198K	207K
Provision for Bad Debts	-	-	-	-	-
Depreciation & Amortization - (IS)	85K	-	-	-	-
Other Operating Expenses	107K	1.11M	666K	143K	102K
Other Operating Expenses, Total	1.17M	1.32M	884K	341K	309K
Operating Income	-231K	-510K	18K	-206K	-809K
Interest Expense, Total	-1.1M	-944K	-821K	-705K	-761K
Net Interest Expenses	-1.1M	-944K	-821K	-705K	-761K
Currency Exchange Gains (Loss)	-1K	-1K	-1K	-	-4K
Other Non Operating Income (Expenses)	-18K	-4K	-4K	-3K	-3K
EBT, Excl. Unusual Items	-1.35M	-1.46M	-808K	-914K	-1.58M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	1.93M	1.38M	-	2.05M
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-1.35M	473K	573K	-914K	474K
Income Tax Expense	-	-	-	-	-
Earnings From Continuing Operations	-1.35M	473K	573K	-914K	474K
Net Income to Company	-1.35M	473K	573K	-914K	474K
Net Income - (IS)	-1.35M	473K	573K	-914K	474K
Net Income to Common Incl Extra Items	-1.35M	473K	573K	-914K	474K
Net Income to Common Excl. Extra Items	-1.35M	473K	573K	-914K	474K
Per Share Items
Net EPS - Basic	-0.05	0.02	0.02	-0.03	0.02
Basic EPS - Continuing Operations	-0.05	0.02	0.02	-0.03	0.02
Basic Weighted Average Shares Outstanding	27.77M	27.77M	27.77M	27.77M	27.77M
Net EPS - Diluted	-0.05	0.02	0.02	-0.03	0.02
Diluted EPS - Continuing Operations	-0.05	0.02	0.02	-0.03	0.02
Diluted Weighted Average Shares Outstanding	27.77M	27.77M	27.77M	27.77M	27.77M
Normalized Basic EPS	-0.03	-0.03	-0.02	-0.02	-0.04
Normalized Diluted EPS	-0.03	-0.03	-0.02	-0.02	-0.04
Supplemental Items
EBITDA	-146K	-	-	-	-
EBITA	-231K	-510K	18K	-206K	-809K
EBIT	-231K	-510K	18K	-206K	-809K
Total Revenues (As Reported)	1.66M	-	-	-	-
Effective Tax Rate - (Ratio)	-	-	-	-	-
Total Current Taxes	-	-	-	-	-
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	-845K	-912K	-505K	-571K	-986K
Supplemental Operating Expense Items
Net Rental Expense, Total	-	-	31K	-	30K
Imputed Operating Lease Interest Expense	-	-	16.91K	-	15.3K
Imputed Operating Lease Depreciation	-	-	14.09K	-	14.7K

Fiscal Period: December	2020	2022	2023	2024	2025
Assets
Cash And Equivalents	128K	8K	1K	2K	1K
Total Cash And Short Term Investments	128K	8K	1K	2K	1K
Accounts Receivable, Total	3.43M	1.87M	1.97M	1.41M	1.04M
Other Receivables	1.68M	207K	1.48M	155K	479K
Total Receivables	5.11M	2.07M	3.46M	1.57M	1.52M
Inventory	1.24M	-	-	-	-
Prepaid Expenses	93K	-	-	-	-
Other Current Assets, Total	1.04M	2.66M	1.11M	1.11M	-
Total Current Assets	7.61M	4.75M	4.56M	2.68M	1.52M
Gross Property Plant And Equipment	-	21.09M	9.02M	8.47M	9.96M
Accumulated Depreciation	-	-548K	-548K	-	-548K
Net Property Plant And Equipment	15.06M	20.54M	8.47M	8.47M	9.41M
Other Intangibles, Total	-	-	-	-	-
Deferred Tax Assets Long-Term	21K	-	-	-	-
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	23.32M	28.91M	36.79M	36.69M	41.57M
Total Assets	46.02M	54.2M	49.82M	47.84M	52.5M
Liabilities
Accounts Payable, Total	541K	2.15M	3.62M	3.01M	4.05M
Accrued Expenses, Total	256K	102K	135K	-	384K
Current Portion of Long-Term Debt	-	405K	203K	-	11.94M
Current Portion of Leases	-	-	-	-	-
Current Income Taxes Payable	18K	38K	281K	70K	-
Unearned Revenue Current, Total	2.71M	878K	640K	-	483K
Other Current Liabilities	7.08M	9.6M	3.2M	3.72M	2.16M
Total Current Liabilities	10.6M	13.18M	8.07M	6.8M	19.02M
Long-Term Debt	11.8M	11.74M	11.74M	11.94M	-
Long-Term Leases	-	-	-	-	-
Other Non Current Liabilities	3.92M	-	-	-	-
Total Liabilities	26.32M	24.91M	19.81M	18.74M	19.02M
Common Stock, Total	27.77M	27.77M	27.77M	27.77M	27.77M
Additional Paid In Capital	7.65M	7.65M	7.65M	7.65M	7.65M
Retained Earnings	-23.1M	-15.38M	-14.81M	-15.72M	-12.28M
Comprehensive Income and Other	7.38M	9.25M	9.4M	9.4M	10.35M
Total Common Equity	19.7M	29.28M	30.01M	29.09M	33.48M
Total Equity	19.7M	29.28M	30.01M	29.09M	33.48M
Total Liabilities And Equity	46.02M	54.2M	49.82M	47.84M	52.5M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	27.77M	27.77M	27.77M	27.77M	27.77M
ECS Total Common Shares Outstanding	27.77M	-	27.77M	27.77M	27.77M
Book Value / Share	0.71	1.05	1.08	1.05	1.21
Tangible Book Value	19.7M	29.28M	30.01M	29.09M	33.48M
Tangible Book Value Per Share	0.71	1.05	1.08	1.05	1.21
Total Debt	11.8M	12.14M	11.94M	11.94M	11.94M
Net Debt	11.67M	12.13M	11.94M	11.94M	11.94M
Debt Equivalent Oper. Leases	-	-	248K	-	240K
Account Code - Inventory Valuation	3	-	6	3	6
Inventories - Raw Materials, Total	594K	-	-	-	-
Inventories - Work In Process, Total	293K	-	-	-	-
Inventories - Finished Goods, Total	352K	-	-	-	-
Land - (BS)	-	9.29M	8.47M	8.47M	9.41M
Buildings, Total	-	-	-	-	-
Machinery, Total	-	4K	4K	-	4K
Full Time Employees	-	-	-	-	-

Fiscal Period: December	2020	2022	2023	2024	2025
Net Income	-1.35M	473K	573K	-914K	474K
Depreciation & Amortization - CF	85K	-	-	-	-
Depreciation & Amortization, Total	85K	-	-	-	-
Other Operating Activities, Total	-19.6M	35K	22K	1.63M	230K
Cash from Operations	-20.86M	508K	595K	713K	704K
Capital Expenditure	-	-109K	-	-	-
Cash from Investing	-	-109K	-	-	-
Long-Term Debt Issued, Total	-	-	106K	-	-
Total Debt Issued	-	-	106K	-	-
Long-Term Debt Repaid, Total	-	-52K	-	-	-
Total Debt Repaid	-	-52K	-	-	-
Issuance of Common Stock	21.76M	-	-	-	-
Other Financing Activities, Total	-888K	-357K	-708K	-719K	-703K
Cash from Financing	20.87M	-409K	-602K	-719K	-703K
Net Change in Cash	2K	-10K	-7K	-6K	1K
Supplemental Items
Cash Interest Paid	1.04M	357K	708K	511K	-
Cash Income Tax Paid (Refund)	-	-	-	-	-
Levered Free Cash Flow	-21.86M	12.08M	-5.23M	906K	875K
Unlevered Free Cash Flow	-21.17M	12.67M	-4.72M	1.35M	1.35M
Change In Net Working Capital	21.11M	-13.1M	4.73M	-1.48M	-1.86M
Net Debt Issued / Repaid	-	-52K	106K	-	-

Fiscal Period: December	2020	2022	2023	2024	2025
Profitability
Return on Assets	-0.32	-0.6	0.02	-0.27	-0.98
Return on Total Capital	-0.68	-0.76	0.03	-0.32	-1.13
Return On Equity %	-14.23	1.63	1.93	-3.16	1.44
Return on Common Equity	-14.23	1.63	1.93	-3.16	1.44
Margin Analysis
Gross Profit Margin %	61.94	92	9.87	41.67	-159.24
SG&A Margin	64.51	23.2	2.38	61.11	65.92
EBITDA Margin %	-9.63	-	-	-	-
EBITA Margin %	-15.24	-58.29	0.2	-63.58	-257.64
EBIT Margin %	-15.24	-58.29	0.2	-63.58	-257.64
Income From Continuing Operations Margin %	-89.18	54.06	6.27	-282.1	150.96
Net Income Margin %	-89.18	54.06	6.27	-282.1	150.96
Net Avail. For Common Margin %	-89.18	54.06	6.27	-282.1	150.96
Normalized Net Income Margin	-55.74	-104.21	-5.52	-176.31	-313.89
Levered Free Cash Flow Margin	-1.44K	1.38K	-57.21	279.51	278.58
Unlevered Free Cash Flow Margin	-1.4K	1.45K	-51.6	415.51	430.06
Asset Turnover
Asset Turnover	0.03	0.02	0.18	0.01	0.01
Fixed Assets Turnover	0.1	0.05	0.63	0.04	0.03
Receivables Turnover (Average Receivables)	0.45	0.37	4.76	0.21	0.26
Inventory Turnover (Average Inventory)	0.47	-	-	-	-
Short Term Liquidity
Current Ratio	0.72	0.36	0.57	0.39	0.08
Quick Ratio	0.49	0.16	0.43	0.23	0.08
Operating Cash Flow to Current Liabilities	-1.97	0.04	0.07	0.1	0.04
Days Sales Outstanding (Average Receivables)	816.86	985.92	76.69	1.76K	1.42K
Days Outstanding Inventory (Average Inventory)	785.92	-	-	-	-
Average Days Payable Outstanding	412.62	5.67K	127.72	6.41K	1.8K
Cash Conversion Cycle (Average Days)	1.19K	-	-	-	-
Long Term Solvency
Total Debt/Equity	59.88	41.45	39.78	41.03	35.66
Total Debt / Total Capital	37.45	29.31	28.46	29.09	26.28
LT Debt/Equity	59.88	40.07	39.1	41.03	-
Long-Term Debt / Total Capital	37.45	28.33	27.98	29.09	-
Total Liabilities / Total Assets	57.19	45.97	39.76	39.18	36.22
EBIT / Interest Expense	-0.21	-0.54	0.02	-0.29	-1.06
EBITDA / Interest Expense	-0.13	-	-	-	-
(EBITDA - Capex) / Interest Expense	-0.13	-	-	-	-
Total Debt / EBITDA	-80.8	-	-	-	-
Net Debt / EBITDA	-79.92	-	-	-	-
Total Debt / (EBITDA - Capex)	-80.8	-	-	-	-
Net Debt / (EBITDA - Capex)	-79.92	-	-	-	-
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-72.49	-93.67	944.69	-96.45	-63.99
Gross Profit, 1 Yr. Growth %	-80.93	-89.73	12.05	-98.52	-186.51
EBITDA, 1 Yr. Growth %	-105.58	-	-	-	-
EBITA, 1 Yr. Growth %	-109.13	-110.85	-103.53	-316.84	-559.66
EBIT, 1 Yr. Growth %	-109.13	-110.85	-103.53	-316.84	-559.66
Earnings From Cont. Operations, 1 Yr. Growth %	-31.92	-87.35	21.14	72.78	-76.91
Net Income, 1 Yr. Growth %	-31.92	-87.35	21.14	72.78	-76.91
Normalized Net Income, 1 Yr. Growth %	-772.64	-138.97	-44.62	72.78	168.2
Diluted EPS Before Extra, 1 Yr. Growth %	-32.37	-	21.14	72.78	-76.91
Accounts Receivable, 1 Yr. Growth %	2.79	-34.72	5.73	-17.19	-26.51
Inventory, 1 Yr. Growth %	0	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	-0.55	17.06	-58.79	1.82	8.68
Total Assets, 1 Yr. Growth %	1.44	4.86	-8.08	-1.04	3.77
Tangible Book Value, 1 Yr. Growth %	-2.9K	1.3	2.47	1.18	3.81
Common Equity, 1 Yr. Growth %	-2.9K	1.3	2.47	1.18	3.81
Cash From Operations, 1 Yr. Growth %	-4.26K	-33.33	17.13	2.3	-204.76
Capital Expenditures, 1 Yr. Growth %	-	-	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	-273.97	-308.39	-143.28	-115.86	27.19
Unlevered Free Cash Flow, 1 Yr. Growth %	-256.17	-341.33	-137.22	-125.29	16.01
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-34.71	-24.03	-18.66	-39.15	-81.46
Gross Profit, 2 Yr. CAGR %	-46.01	-7.41	-66.08	-59.05	-76.61
EBITDA, 2 Yr. CAGR %	-56.96	-	-	-	-
EBITA, 2 Yr. CAGR %	-42.51	48.59	-93.81	-36.45	191.82
EBIT, 2 Yr. CAGR %	-42.51	48.59	-93.81	-36.45	191.82
Earnings From Cont. Operations, 2 Yr. CAGR %	-43.93	-40.85	-60.86	39.01	-5.34
Net Income, 2 Yr. CAGR %	-43.93	-40.85	-60.86	39.01	-5.34
Normalized Net Income, 2 Yr. CAGR %	21.76	3.88	-53.54	-20.85	72.66
Diluted EPS Before Extra, 2 Yr. CAGR %	-73.91	-40.85	-	39.01	-5.34
Accounts Receivable, 2 Yr. CAGR %	-3.05	-26.22	-16.92	-13.07	-21.99
Inventory, 2 Yr. CAGR %	0.08	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	6.4	16.78	-30.54	-35.8	6.39
Total Assets, 2 Yr. CAGR %	2.81	8.52	-1.82	-6.05	4.21
Tangible Book Value, 2 Yr. CAGR %	848.44	21.92	1.88	-0.33	7.9
Common Equity, 2 Yr. CAGR %	848.44	21.92	1.88	-0.33	7.9
Cash From Operations, 2 Yr. CAGR %	1.58K	-84.4	-11.63	18.47	0.5
Capital Expenditures, 2 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	349.23	-25.65	-5.03	-72.62	-60.86
Unlevered Free Cash Flow, 2 Yr. CAGR %	1.5K	-22.63	-5.23	-67.41	-49.64
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-34.33	-45.85	82.01	-71.38	-28.94
Gross Profit, 3 Yr. CAGR %	-42.93	-45.32	-1.33	-74.18	-14.68
EBITDA, 3 Yr. CAGR %	-68.6	-	-	-	-
EBITA, 3 Yr. CAGR %	-63.7	-41.37	-57.29	-64.74	16.63
EBIT, 3 Yr. CAGR %	-63.7	-41.37	-57.29	-64.74	16.63
Earnings From Cont. Operations, 3 Yr. CAGR %	57.96	-38.01	-24.89	-37.48	0.07
Net Income, 3 Yr. CAGR %	57.96	-38.01	-24.89	-37.48	0.07
Normalized Net Income, 3 Yr. CAGR %	-50.89	93.62	-15.77	-37.5	2.63
Diluted EPS Before Extra, 3 Yr. CAGR %	-5.15	-38.15	-24.89	-	0.07
Accounts Receivable, 3 Yr. CAGR %	-0.54	-17.6	-16.82	-20.98	-17.8
Inventory, 3 Yr. CAGR %	-3.71	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	3.78	10.69	-17.47	-21.57	-22.91
Total Assets, 3 Yr. CAGR %	-0.68	6.11	2.68	-2.55	-1.06
Tangible Book Value, 3 Yr. CAGR %	67.85	246.65	15.06	0.21	4.56
Common Equity, 3 Yr. CAGR %	67.85	246.65	15.06	0.21	4.56
Cash From Operations, 3 Yr. CAGR %	343.62	0.4	-69.45	-2.19	11.49
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	33.63	-1.29	-37.92	-46.15	-58.32
Unlevered Free Cash Flow, 3 Yr. CAGR %	61.24	-2.22	-39.38	-36.47	-52.59
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-7.4	-30.39	20.78	-43.26	-27.01
Gross Profit, 5 Yr. CAGR %	-12.96	-30.74	-22.47	-51.29	-11.84
EBITDA, 5 Yr. CAGR %	-13.64	-	-	-	-
EBITA, 5 Yr. CAGR %	5.95	-36.21	-51.9	-39.45	28.49
EBIT, 5 Yr. CAGR %	5.95	-36.21	-51.9	-39.45	28.49
Earnings From Cont. Operations, 5 Yr. CAGR %	45.13	6.64	-33.18	-14.38	-18.91
Net Income, 5 Yr. CAGR %	45.13	6.64	-33.18	-14.38	-18.91
Normalized Net Income, 5 Yr. CAGR %	24.94	-33.73	-2.39	35.38	3.13
Diluted EPS Before Extra, 5 Yr. CAGR %	6.87	-21.48	-50.79	-14.49	-18.91
Accounts Receivable, 5 Yr. CAGR %	-8.62	-11.74	-11.56	-15.82	-21.28
Inventory, 5 Yr. CAGR %	-9.91	-	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	3.03	8.8	-8.64	-10.98	-8.98
Total Assets, 5 Yr. CAGR %	-5.06	2.91	2.73	1.07	2.67
Tangible Book Value, 5 Yr. CAGR %	43.79	47.7	167.52	110.56	11.19
Common Equity, 5 Yr. CAGR %	43.74	47.7	167.52	110.56	11.19
Cash From Operations, 5 Yr. CAGR %	123.52	16.28	51.72	7.27	-49.23
Capital Expenditures, 5 Yr. CAGR %	-	155.56	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	59.97	5.7	37.01	-40.9	-47.46
Unlevered Free Cash Flow, 5 Yr. CAGR %	90.68	20.21	124.28	-36.99	-42.33