Cash flow INVOLYS S.A.

Stocks

INV

MA0000011579

Software

End-of-day quote Casablanca S.E. 2026-09-30			5-day change	1st Jan Change
124.00 ^MAD	-.--%		-4.62%	-31.87%

05-24	INVOLYS S.A. Reports Earnings Results for the Full Year Ended December 31, 2025	CI
25-10-22	INVOLYS S.A. Reports Earnings Results for the Half Year Ended June 30, 2025	CI

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Published financial data: INVOLYS S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (MAD)	2022 (MAD)	2023 (MAD)	2024 (MAD)	2025 (MAD)
Revenues	51.83M	50.3M	46.2M	46.89M	45.56M
Total Revenues	51.83M	50.3M	46.2M	46.89M	45.56M
Cost of Goods Sold, Total	26.95M	26.3M	25.79M	26.07M	26.94M
Gross Profit	24.89M	24.01M	20.41M	20.82M	18.62M
Selling General & Admin Expenses, Total	5.88M	6.89M	6.03M	5.14M	4.62M
Depreciation & Amortization - (IS)	-	-	-	464	5.93K
Other Operating Expenses	16.05M	12.55M	12.61M	14.01M	13.68M
Other Operating Expenses, Total	21.92M	19.44M	18.65M	19.15M	18.31M
Operating Income	2.96M	4.57M	1.76M	1.66M	309K
Interest Expense, Total	-1.17M	-969K	-825K	-1.1M	-801K
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-1.17M	-969K	-825K	-1.1M	-801K
Currency Exchange Gains (Loss)	-401K	-658K	420K	-102K	-
Other Non Operating Income (Expenses)	-965K	991K	-375K	-1.23M	331K
EBT, Excl. Unusual Items	428K	3.93M	983K	-766K	-160K
Gain (Loss) On Sale Of Assets	-	-	-	-	230K
Other Unusual Items	-240K	-3M	-200K	742K	204K
EBT, Incl. Unusual Items	188K	935K	783K	-23.48K	273K
Income Tax Expense	183K	1.03M	93.94K	99.98K	157K
Earnings From Continuing Operations	5.43K	-91.25K	689K	-123K	116K
Net Income to Company	5.43K	-91.25K	689K	-123K	116K
Net Income - (IS)	5.43K	-91.25K	689K	-123K	116K
Net Income to Common Incl Extra Items	5.43K	-91.25K	689K	-123K	116K
Net Income to Common Excl. Extra Items	5.43K	-91.25K	689K	-123K	116K
Per Share Items
Net EPS - Basic	0.01	-0.24	-	-0.32	0.3
Basic EPS - Continuing Operations	0.01	-0.24	-	-0.32	0.3
Basic Weighted Average Shares Outstanding	543K	380K	-	386K	387K
Net EPS - Diluted	0.01	-0.24	-	-0.32	0.3
Diluted EPS - Continuing Operations	0.01	-0.24	-	-0.32	0.3
Diluted Weighted Average Shares Outstanding	543K	380K	-	386K	387K
Normalized Basic EPS	0.49	6.47	-	-1.24	-0.26
Normalized Diluted EPS	0.49	6.47	-	-1.24	-0.26
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-4.19K	-	-	-
Supplemental Items
EBITDA	-	5.12M	2.31M	2.26M	812K
EBITA	2.96M	4.59M	1.76M	1.69M	340K
EBIT	2.96M	4.57M	1.76M	1.66M	309K
EBITDAR	-	7.62M	4.68M	4.69M	3.19M
Total Revenues (As Reported)	51.63M	49.7M	46.52M	46.98M	46.71M
Effective Tax Rate - (Ratio)	97.12	109.76	12	-425.8	57.49
Normalized Net Income	267K	2.46M	614K	-479K	-100K
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	-	9.84M	10.44M	10.81M	10.86M
Net Rental Expense, Total	2.33M	2.5M	2.37M	2.43M	2.38M
Imputed Operating Lease Interest Expense	812K	791K	668K	1.06M	835K
Imputed Operating Lease Depreciation	1.52M	1.71M	1.71M	1.37M	1.54M
Maintenance & Repair Expenses, Total	218K	149K	163K	141K	116K

Fiscal Period: December	2021 (MAD)	2022 (MAD)	2023 (MAD)	2024 (MAD)	2025 (MAD)
Assets
Cash And Equivalents	996K	585K	220K	255K	250K
Short Term Investments	97.9K	97.9K	97.9K	97.9K	97.9K
Total Cash And Short Term Investments	1.09M	683K	317K	353K	348K
Accounts Receivable, Total	81.55M	91.91M	88.29M	84.2M	81.11M
Other Receivables	2.43M	4.3M	3.9M	3.9M	6.75M
Total Receivables	83.98M	96.21M	92.2M	88.1M	87.86M
Inventory	1.29M	690K	964K	777K	179K
Other Current Assets, Total	973K	663	371K	1.59M	433K
Total Current Assets	87.34M	97.58M	93.85M	90.82M	88.82M
Gross Property Plant And Equipment	7.77M	8.09M	8.33M	8.53M	8.62M
Accumulated Depreciation	-4.68M	-5.17M	-5.74M	-6.3M	-6.77M
Net Property Plant And Equipment	3.09M	2.92M	2.6M	2.23M	1.85M
Long-term Investments	174K	174K	174K	174K	174K
Other Intangibles, Total	33.41M	33.83M	32.46M	31.2M	28.53M
Deferred Charges Long-Term	3.88M	2.56M	1.25M	-	-
Other Long-Term Assets, Total	507K	507K	507K	507K	507K
Total Assets	128M	138M	131M	125M	120M
Liabilities
Accounts Payable, Total	3.63M	3.26M	5.24M	1.58M	2.48M
Accrued Expenses, Total	9.22M	16.36M	13.69M	11.72M	9.7M
Short-term Borrowings	3.96M	10.93M	7.7M	11.08M	11.05M
Other Current Liabilities	177K	1.95M	534K	136	110K
Total Current Liabilities	16.99M	32.5M	27.16M	24.37M	23.34M
Long-Term Debt	18.71M	15.36M	12.9M	8.67M	5.71M
Other Non Current Liabilities	1.01M	20.19K	395K	1.62M	462K
Total Liabilities	36.71M	47.88M	40.46M	34.67M	29.5M
Common Stock, Total	38.27M	38.27M	38.27M	38.27M	38.27M
Additional Paid In Capital	25.75M	25.75M	25.75M	25.75M	25.75M
Retained Earnings	27.67M	25.66M	26.35M	23.17M	23.28M
Comprehensive Income and Other	-	-	-	3.06M	3.06M
Total Common Equity	91.69M	89.69M	90.38M	90.25M	90.37M
Total Equity	91.69M	89.69M	90.38M	90.25M	90.37M
Total Liabilities And Equity	128M	138M	131M	125M	120M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	543K	380K	-	386K	387K
ECS Total Common Shares Outstanding	543K	380K	-	386K	387K
Book Value / Share	168.86	235.9	-	233.92	233.35
Tangible Book Value	58.28M	55.86M	57.91M	59.06M	61.84M
Tangible Book Value Per Share	107.33	146.92	-	153.06	159.69
Total Debt	22.67M	26.29M	20.61M	19.75M	16.75M
Net Debt	21.58M	25.61M	20.29M	19.4M	16.41M
Debt Equivalent Oper. Leases	18.62M	19.99M	18.99M	19.4M	19.03M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Work In Process, Total	1.11M	511K	785K	598K	-
Inventories - Finished Goods, Total	742K	741K	741K	721K	721K
Machinery, Total	7.7M	8M	8.23M	8.42M	8.49M
Full Time Employees	139	139	115	82	108
Accumulated Allowance for Doubtful Accounts (Supple)	14.7M	15.18M	15.18M	16.3M	19.86M

Fiscal Period: December	2021 (MAD)	2022 (MAD)	2023 (MAD)	2024 (MAD)	2025 (MAD)
Net Income	-	-91.25K	-	-123K	116K
Depreciation & Amortization - CF	-	522K	-	567K	472K
Amortization of Goodwill and Intangible Assets - (CF)	-	24.85K	-	29.38K	31.05K
Depreciation & Amortization, Total	-	547K	-	596K	503K
Amortization of Deferred Charges, Total - (CF)	-	11.16M	-	10.81M	10.86M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Other Operating Activities, Total	-	55.36M	-	-11.28M	-
Change in Other Net Operating Assets	-	-75.41M	-	-	-
Cash from Operations	-	-8.43M	-	-1	11.48M
Capital Expenditure	-	-1.64M	-	-9.77M	-98.77K
Sale of Property, Plant, and Equipment	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-25.72M	-	-	-8.22M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-18.75K	-	-	-
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-	-27.38M	-	-9.77M	-8.32M
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-	-3.83M	-	-	-
Common & Preferred Stock Dividends Paid	-	-3.83M	-	-	-
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-	-3.83M	-	-	-
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	-	-39.64M	-	-9.77M	3.16M
Supplemental Items
Levered Free Cash Flow	-	-15.51M	-	-1.11M	3.72M
Unlevered Free Cash Flow	-	-14.91M	-	-420K	4.22M
Change In Net Working Capital	-17.67M	2.11M	-1.25M	3.09M	-985K
Net Debt Issued / Repaid	-	-	-	-	-

Fiscal Period: December	2021 (MAD)	2022 (MAD)	2023 (MAD)	2024 (MAD)	2025 (MAD)
Profitability
Return on Assets	1.39	2.15	0.82	0.81	0.16
Return on Total Capital	1.54	2.48	0.97	0.94	0.18
Return On Equity %	0.01	-0.1	0.76	-0.14	0.13
Return on Common Equity	0.01	-0.1	0.76	-0.14	0.13
Margin Analysis
Gross Profit Margin %	48.01	47.72	44.18	44.39	40.88
SG&A Margin	11.34	13.69	13.06	10.96	10.15
EBITDA Margin %	-	10.17	5	4.82	1.78
EBITA Margin %	5.72	9.13	3.82	3.61	0.75
EBIT Margin %	5.72	9.08	3.82	3.55	0.68
Income From Continuing Operations Margin %	0.01	-0.18	1.49	-0.26	0.26
Net Income Margin %	0.01	-0.18	1.49	-0.26	0.26
Net Avail. For Common Margin %	0.01	-0.18	1.49	-0.26	0.26
Normalized Net Income Margin	0.52	4.89	1.33	-1.02	-0.22
Levered Free Cash Flow Margin	-	-30.84	-	-2.36	8.17
Unlevered Free Cash Flow Margin	-	-29.63	-	-0.89	9.27
Asset Turnover
Asset Turnover	0.39	0.38	0.34	0.37	0.37
Fixed Assets Turnover	18.87	16.75	16.76	19.43	22.32
Receivables Turnover (Average Receivables)	0.58	0.58	0.51	0.54	0.55
Inventory Turnover (Average Inventory)	19.35	26.51	31.19	29.95	56.33
Short Term Liquidity
Current Ratio	5.14	3	3.46	3.73	3.81
Quick Ratio	5.01	2.98	3.41	3.63	3.78
Operating Cash Flow to Current Liabilities	-	-0.26	-	0	0.49
Days Sales Outstanding (Average Receivables)	632.04	629.29	711.85	673.24	662.23
Days Outstanding Inventory (Average Inventory)	18.87	13.77	11.7	12.22	6.48
Average Days Payable Outstanding	55.46	48.92	59.48	48.21	28.15
Cash Conversion Cycle (Average Days)	595.45	594.14	664.07	637.25	640.56
Long Term Solvency
Total Debt/Equity	24.72	29.31	22.8	21.88	18.54
Total Debt / Total Capital	19.82	22.67	18.57	17.95	15.64
LT Debt/Equity	20.4	17.13	14.28	9.61	6.32
Long-Term Debt / Total Capital	16.36	13.25	11.63	7.88	5.33
Total Liabilities / Total Assets	28.59	34.81	30.92	27.75	24.61
EBIT / Interest Expense	2.53	4.72	2.14	1.51	0.39
EBITDA / Interest Expense	-	5.28	2.8	2.06	1.01
(EBITDA - Capex) / Interest Expense	-	3.59	2.8	-6.84	0.89
Total Debt / EBITDA	-	5.14	8.92	8.74	20.63
Net Debt / EBITDA	-	5	8.78	8.58	20.21
Total Debt / (EBITDA - Capex)	-	7.56	8.92	-2.63	23.49
Net Debt / (EBITDA - Capex)	-	7.36	8.78	-2.58	23
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	19.61	-2.95	-8.16	1.49	-2.84
Gross Profit, 1 Yr. Growth %	67.85	-3.53	-14.98	1.98	-10.54
EBITDA, 1 Yr. Growth %	-	-	-54.84	-2.16	-64.08
EBITA, 1 Yr. Growth %	3.5	55.02	-61.62	-3.97	-79.56
EBIT, 1 Yr. Growth %	3.5	54.18	-61.41	-5.64	-81.42
Earnings From Cont. Operations, 1 Yr. Growth %	-98.68	-1.78K	-854.72	-117.93	-194.1
Net Income, 1 Yr. Growth %	-98.68	-1.78K	-854.72	-117.93	-194.1
Normalized Net Income, 1 Yr. Growth %	-82.24	819.72	-75.01	-177.89	-79.05
Diluted EPS Before Extra, 1 Yr. Growth %	-99.07	-2.5K	-	-117.78	-193.75
Accounts Receivable, 1 Yr. Growth %	-16.75	12.7	-3.93	-4.63	-3.67
Inventory, 1 Yr. Growth %	-13.27	-46.68	39.72	-19.35	-76.99
Net Property, Plant and Equip., 1 Yr. Growth %	28.61	-5.65	-10.96	-14.11	-16.99
Total Assets, 1 Yr. Growth %	-6.76	7.14	-4.89	-4.52	-4.04
Tangible Book Value, 1 Yr. Growth %	-14.98	-4.16	3.68	1.97	4.72
Common Equity, 1 Yr. Growth %	-3.23	-2.19	0.77	-0.14	0.13
Cash From Operations, 1 Yr. Growth %	-	-112.03	-	-	-9.39K
Capital Expenditures, 1 Yr. Growth %	-	-	-	3.94K	-98.99
Levered Free Cash Flow, 1 Yr. Growth %	-	-182.54	-	-85.26	-129.75
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-176.35	-	-94	-135.71
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	4.56	7.74	-5.59	-3.46	-0.7
Gross Profit, 2 Yr. CAGR %	25.21	27.25	-9.44	-6.89	-4.48
EBITDA, 2 Yr. CAGR %	-	25.69	-	-33.53	-40.72
EBITA, 2 Yr. CAGR %	77.44	26.67	-22.86	-39.29	-56.08
EBIT, 2 Yr. CAGR %	77.9	26.33	-22.86	-39.65	-58.13
Earnings From Cont. Operations, 2 Yr. CAGR %	-96.21	-52.88	1.03K	16.32	-58.93
Net Income, 2 Yr. CAGR %	-96.21	-52.88	1.03K	16.32	-58.93
Normalized Net Income, 2 Yr. CAGR %	-70.05	27.79	51.59	-55.88	-59.6
Diluted EPS Before Extra, 2 Yr. CAGR %	-96.82	-52.64	-	15.47	-59.18
Accounts Receivable, 2 Yr. CAGR %	-10.09	-3.14	4.05	-4.28	-4.15
Inventory, 2 Yr. CAGR %	-21.15	-32	-13.69	6.15	-56.92
Net Property, Plant and Equip., 2 Yr. CAGR %	40.57	10.15	-8.35	-12.55	-15.56
Total Assets, 2 Yr. CAGR %	-2.04	-0.05	0.94	-4.71	-4.28
Tangible Book Value, 2 Yr. CAGR %	-9.17	-9.73	-0.32	2.82	3.34
Common Equity, 2 Yr. CAGR %	-1.41	-2.71	-0.72	0.31	-0
Cash From Operations, 2 Yr. CAGR %	-	-	-	-	-
Capital Expenditures, 2 Yr. CAGR %	-	-	-	144.28	-36.13
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-73.3	-29.57
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-83.22	-22.26
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0.77	2	2.16	-3.29	-3.25
Gross Profit, 3 Yr. CAGR %	7.09	14.79	11.24	-5.78	-8.12
EBITDA, 3 Yr. CAGR %	-	57.41	-10.65	-	-45.86
EBITA, 3 Yr. CAGR %	-23.16	69.63	-14.92	-17.02	-58.01
EBIT, 3 Yr. CAGR %	-23.16	69.61	-14.92	-17.5	-59.25
Earnings From Cont. Operations, 3 Yr. CAGR %	-91.06	-71.11	18.78	183.3	8.39
Net Income, 3 Yr. CAGR %	-91.06	-71.11	18.78	183.3	8.39
Normalized Net Income, 3 Yr. CAGR %	-64.23	-6.21	-25.83	21.42	-65.58
Diluted EPS Before Extra, 3 Yr. CAGR %	-92.04	-71.05	-	217.48	7.72
Accounts Receivable, 3 Yr. CAGR %	-6.64	-3.06	-3.4	1.07	-4.08
Inventory, 3 Yr. CAGR %	-29.9	-30.79	-13.55	-15.62	-36.23
Net Property, Plant and Equip., 3 Yr. CAGR %	22.42	23.07	2.61	-10.31	-14.06
Total Assets, 3 Yr. CAGR %	-1.55	0.93	-1.69	-0.91	-4.49
Tangible Book Value, 3 Yr. CAGR %	-6.89	-7.53	-5.46	0.44	3.45
Common Equity, 3 Yr. CAGR %	-0.69	-1.67	-1.56	-0.53	0.25
Cash From Operations, 3 Yr. CAGR %	-	20.43	-	-	10.83
Capital Expenditures, 3 Yr. CAGR %	-	85.63	-	-	-60.79
Levered Free Cash Flow, 3 Yr. CAGR %	-	30.03	-	-61.1	-37.86
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	32.62	-	-72.2	-34.33
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	2.36	-2.1	-1.82	-0.22	1.01
Gross Profit, 5 Yr. CAGR %	7.41	4.47	0.15	5.57	4.66
EBITDA, 5 Yr. CAGR %	-	-	-	11.5	-24.17
EBITA, 5 Yr. CAGR %	-22.29	-1.95	-23.04	12.46	-34.69
EBIT, 5 Yr. CAGR %	-22.29	-2.06	-23.04	12.19	-35.93
Earnings From Cont. Operations, 5 Yr. CAGR %	-76.5	-54.11	-38.12	-49.56	-22.33
Net Income, 5 Yr. CAGR %	-76.5	-54.11	-38.12	-49.56	-22.33
Normalized Net Income, 5 Yr. CAGR %	-46.63	-6.67	-36.27	-30.64	-41.83
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-49.65	-22.46
Accounts Receivable, 5 Yr. CAGR %	-3.92	-3.64	-2.5	-3.55	-3.7
Inventory, 5 Yr. CAGR %	-27.67	-22.57	-23.82	-17.88	-34.57
Net Property, Plant and Equip., 5 Yr. CAGR %	8.94	9.12	9.03	7.35	-5.09
Total Assets, 5 Yr. CAGR %	-0.98	-0.58	-0.56	-1.37	-2.74
Tangible Book Value, 5 Yr. CAGR %	-1.75	-3.67	-4.32	-3.52	-2.04
Common Equity, 5 Yr. CAGR %	1.81	0.31	-0.7	-0.88	-0.94
Cash From Operations, 5 Yr. CAGR %	-	-36.96	-	-	-
Capital Expenditures, 5 Yr. CAGR %	-	43.59	-	107.18	-
Levered Free Cash Flow, 5 Yr. CAGR %	-	2.76	-	-30.97	-
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	3.09	-	-42	-
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	-