Balance Sheet Kitwave Group plc

Equities

KITW

GB00BNYKB709

Food Retail & Distribution

Market Closed - London S.E. Other stock markets 11:35:21 2025-12-12 EST			5-day change	1st Jan Change
210.00 ^GBX	+0.48%		+0.48%	-33.23%

11-05	Corero gets renewal; Kitwave trades in line	AN
11-05	Kitwave Group CFO to Retire in 2026; Successor Named	MT

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Published financial data: KITWAVE GROUP PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: October	2020	2021	2022	2023	2024
Revenues	395M	381M	503M	602M	664M
Total Revenues	395M	381M	503M	602M	664M
Cost of Goods Sold, Total	323M	312M	400M	470M	516M
Gross Profit	71.45M	68.58M	103M	132M	148M
Selling General & Admin Expenses, Total	63.89M	66.96M	82.63M	103M	120M
Depreciation & Amortization - (IS)	-	-	-	-	-
Amortization of Goodwill and Intangible Assets - (IS)	96K	-	-	-	-
Other Operating Expenses	-2.01M	-	-	-	-
Other Operating Expenses, Total	61.98M	66.96M	82.63M	103M	120M
Operating Income	9.47M	1.63M	20M	29.18M	28.2M
Interest Expense, Total	-7.18M	-9.68M	-2.53M	-4.5M	-6.28M
Net Interest Expenses	-7.18M	-9.68M	-2.53M	-4.5M	-6.28M
Currency Exchange Gains (Loss)	3.33K	-2K	33K	-	-
Other Non Operating Income (Expenses)	867K	5.41M	-	-	-
EBT, Excl. Unusual Items	3.16M	-2.65M	17.5M	24.68M	21.92M
Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-1.92M	-	-	-	-
Gain (Loss) On Sale Of Assets	3.33K	55K	164K	179K	573K
Other Unusual Items	5.33K	4.72M	177K	4K	30K
EBT, Incl. Unusual Items	1.25M	2.12M	17.84M	24.86M	22.53M
Income Tax Expense	1.2M	1.03M	3.5M	5.9M	5.81M
Earnings From Continuing Operations	43.33K	1.1M	14.34M	18.96M	16.72M
Net Income to Company	43.33K	1.1M	14.34M	18.96M	16.72M
Net Income - (IS)	43.33K	1.1M	14.34M	18.96M	16.72M
Net Income to Common Incl Extra Items	43.33K	1.1M	14.34M	18.96M	16.72M
Net Income to Common Excl. Extra Items	43.33K	1.1M	14.34M	18.96M	16.72M
Per Share Items
Net EPS - Basic	-	0.02	0.2	0.27	0.24
Basic EPS - Continuing Operations	-	0.02	0.2	0.27	0.24
Basic Weighted Average Shares Outstanding	-	46.04M	70.03M	70M	71.03M
Net EPS - Diluted	-	0.02	0.2	0.26	0.22
Diluted EPS - Continuing Operations	-	0.02	0.2	0.26	0.22
Diluted Weighted Average Shares Outstanding	-	46.06M	70.03M	73.05M	74.45M
Normalized Basic EPS	-	-0.04	0.16	0.22	0.19
Normalized Diluted EPS	-	-0.04	0.16	0.21	0.18
Dividend Per Share	-	0.07	0.09	0.11	0.11
Payout Ratio	-	143.7	34.17	38.77	47.39
Supplemental Items
EBITDA	12.74M	3.6M	21.95M	31.43M	32.78M
EBITA	9.47M	1.63M	20M	29.18M	29.73M
EBIT	9.47M	1.63M	20M	29.18M	28.2M
EBITDAR	27.04M	-	-	-	34.94M
Effective Tax Rate - (Ratio)	96.52	48.4	19.62	23.74	25.79
Current Domestic Taxes	1.24M	807K	3.51M	6.15M	5.75M
Total Current Taxes	1.24M	807K	3.51M	6.15M	5.75M
Total Deferred Taxes	-36.67K	221K	-13K	-252K	62K
Normalized Net Income	1.98M	-1.66M	10.94M	15.42M	13.7M
Interest on Long-Term Debt	7.96M	8.32M	1.43M	1.66M	2.17M
Supplemental Operating Expense Items
Selling and Marketing Expenses	-	31.2M	44.01M	54.57M	63.47M
General and Administrative Expenses	63.89M	35.76M	38.62M	48.38M	56.15M
Net Rental Expense, Total	7.93M	-	-	-	2.16M
Imputed Operating Lease Interest Expense	-	-	-	-	1.2M
Imputed Operating Lease Depreciation	-	-	-	-	956K
Stock-Based Comp., Other (Total)	-	227K	863K	964K	1.24M
Total Stock-Based Compensation	-	227K	863K	964K	1.24M

Fiscal Period: October	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	342K	4.97M	5.51M	673K	4.14M
Total Cash And Short Term Investments	342K	4.97M	5.51M	673K	4.14M
Accounts Receivable, Total	34.32M	44.36M	47.21M	50.98M	70.89M
Other Receivables	2.3M	1.88M	1.51M	1.38M	1.57M
Total Receivables	36.62M	46.25M	48.72M	52.37M	72.46M
Inventory	23.2M	26.04M	31.85M	35.41M	47.75M
Prepaid Expenses	7.94M	6.57M	8.98M	11.2M	18.66M
Total Current Assets	68.1M	83.82M	95.06M	99.65M	143M
Gross Property Plant And Equipment	24.74M	55.55M	67.83M	79.84M	111M
Accumulated Depreciation	-11.35M	-22.26M	-28.34M	-33.51M	-31.34M
Net Property Plant And Equipment	13.39M	33.29M	39.49M	46.33M	79.96M
Long-term Investments	20K	20K	35K	45K	42K
Goodwill	26.03M	31.25M	44.34M	58.68M	106M
Other Intangibles, Total	412K	431K	737K	4.88M	30.55M
Other Long-Term Assets, Total	175K	-	-	-	-
Total Assets	108M	149M	180M	210M	359M
Liabilities
Accounts Payable, Total	27.83M	36.09M	43.84M	45.68M	69.52M
Accrued Expenses, Total	6.82M	8.39M	9.58M	11.14M	12.44M
Short-term Borrowings	14.81M	14.62M	20.35M	6.4M	27.82M
Current Portion of Long-Term Debt	2.87M	-	-	-	-
Current Portion of Leases	1.39M	4.72M	5.51M	6.4M	10.24M
Current Income Taxes Payable	1.98M	370K	62K	594K	1.13M
Other Current Liabilities	6.45M	2.85M	4.48M	6.77M	20.13M
Total Current Liabilities	62.15M	67.04M	83.82M	77M	141M
Long-Term Debt	48.49M	-	-	20M	40M
Long-Term Leases	2.89M	19.92M	23.24M	26.27M	43.32M
Deferred Tax Liability Non Current	54K	275K	715K	1.88M	10.14M
Other Non Current Liabilities	1K	-	-	-	-
Total Liabilities	114M	87.23M	108M	125M	235M
Common Stock, Total	1K	700K	700K	700K	804K
Additional Paid In Capital	12.99M	64.18M	64.18M	64.18M	94.18M
Retained Earnings	14.66M	29.57M	39.01M	50.62M	59.41M
Comprehensive Income and Other	-33.1M	-32.87M	-32.01M	-31.06M	-29.86M
Total Common Equity	-5.45M	61.58M	71.89M	84.44M	125M
Total Equity	-5.45M	61.58M	71.89M	84.44M	125M
Total Liabilities And Equity	108M	149M	180M	210M	359M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	80K	70M	70M	70M	80.44M
ECS Total Common Shares Outstanding	80K	70M	70M	70M	80.44M
Book Value / Share	-68.11	0.88	1.03	1.21	1.55
Tangible Book Value	-31.9M	29.9M	26.81M	20.89M	-11.73M
Tangible Book Value Per Share	-398.69	0.43	0.38	0.3	-0.15
Total Debt	70.45M	39.26M	49.1M	59.07M	121M
Net Debt	70.1M	34.29M	43.59M	58.4M	117M
Debt Equivalent Oper. Leases	-	-	-	-	17.24M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	-	-	-	-	-
Inventories - Finished Goods, Total	23.2M	26.04M	31.85M	35.41M	47.75M
Machinery, Total	19.14M	15.45M	17.01M	21.45M	22.25M
Full Time Employees	1.16K	1.15K	1.5K	600	2.1K
Accumulated Allowance for Doubtful Accounts (Supple)	-	2.02M	2.09M	2.15M	1.45M

Fiscal Period: October	2020	2021	2022	2023	2024
Net Income	43.33K	1.1M	14.34M	18.96M	16.72M
Depreciation & Amortization - CF	3.27M	7.82M	7.9M	8.99M	11.07M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	1.53M
Depreciation & Amortization, Total	3.27M	7.82M	7.9M	8.99M	12.6M
Amortization of Deferred Charges, Total - (CF)	96K	150K	99K	975K	-
(Gain) Loss From Sale Of Asset	-3.33K	-55K	-164K	-179K	-573K
Asset Writedown & Restructuring Costs	1.92M	-	-	-	-
Stock-Based Compensation (CF)	-	227K	863K	964K	1.24M
Other Operating Activities, Total	5.72M	1.1M	2.12M	4.53M	5.77M
Change In Accounts Receivable	12.95M	-8.24M	-2.91M	-3.74M	-8.71M
Change In Inventories	7.64M	-2.84M	-4.17M	-2.55M	-2.39M
Change In Accounts Payable	-11.91M	8.67M	8.45M	2.35M	6.76M
Cash from Operations	19.72M	7.92M	26.52M	30.3M	31.4M
Capital Expenditure	-2.08M	-2.96M	-2.61M	-3.92M	-7.28M
Sale of Property, Plant, and Equipment	239K	248K	308K	473K	3.51M
Cash Acquisitions	-9.44M	-	-16.91M	-19.59M	-73.33M
Cash from Investing	-11.29M	-2.71M	-19.21M	-23.04M	-77.09M
Short Term Debt Issued, Total	-	4.56M	5.73M	-	21.42M
Long-Term Debt Issued, Total	1.94M	5.5M	-	20M	20M
Total Debt Issued	1.29M	10.06M	5.73M	20M	41.42M
Short Term Debt Repaid, Total	-9.21M	-4.75M	-	-13.95M	-
Long-Term Debt Repaid, Total	-1.68M	-61.11M	-5.07M	-6.56M	-8.33M
Total Debt Repaid	-7.26M	-65.86M	-5.07M	-20.5M	-8.33M
Issuance of Common Stock	-	64M	-	-	31.67M
Common Dividends Paid	-	-1.58M	-4.9M	-7.35M	-7.92M
Common & Preferred Stock Dividends Paid	-	-1.58M	-4.9M	-7.35M	-7.92M
Other Financing Activities, Total	-3.04M	-7.2M	-2.53M	-4.25M	-7.68M
Cash from Financing	-9.01M	-577K	-6.77M	-12.1M	49.15M
Net Change in Cash	-575K	4.63M	543K	-4.84M	3.46M
Supplemental Items
Cash Interest Paid	3.04M	5.09M	2.53M	4.25M	6.12M
Cash Income Tax Paid (Refund)	1.8M	2.43M	4M	6.08M	6.61M
Levered Free Cash Flow	-	-5.49M	16.73M	19.24M	19.4M
Unlevered Free Cash Flow	-	560K	18.32M	22.06M	23.32M
Change In Net Working Capital	-	5.69M	436K	3.2M	872K
Net Debt Issued / Repaid	-5.97M	-55.8M	666K	-503K	33.09M

Fiscal Period: October	2020	2021	2022	2023	2024
Profitability
Return on Assets	-	0.73	7.61	9.37	6.2
Return on Total Capital	-	1.08	11.27	13.79	9.05
Return On Equity %	-	3.56	21.49	24.25	16
Return on Common Equity	-	3.56	21.49	24.25	16
Margin Analysis
Gross Profit Margin %	18.1	18.02	20.4	21.94	22.27
SG&A Margin	16.19	17.59	16.42	17.09	18.02
EBITDA Margin %	3.23	0.95	4.36	5.22	4.94
EBITA Margin %	2.4	0.43	3.98	4.85	4.48
EBIT Margin %	2.4	0.43	3.98	4.85	4.25
Income From Continuing Operations Margin %	0.01	0.29	2.85	3.15	2.52
Net Income Margin %	0.01	0.29	2.85	3.15	2.52
Net Avail. For Common Margin %	0.01	0.29	2.85	3.15	2.52
Normalized Net Income Margin	0.5	-0.43	2.17	2.56	2.06
Levered Free Cash Flow Margin	-	-1.44	3.33	3.19	2.92
Unlevered Free Cash Flow Margin	-	0.15	3.64	3.66	3.51
Asset Turnover
Asset Turnover	-	2.73	3.06	3.09	2.33
Fixed Assets Turnover	-	12.05	13.82	14.03	10.51
Receivables Turnover (Average Receivables)	-	9.68	10.99	12.27	10.89
Inventory Turnover (Average Inventory)	-	12.68	13.84	13.98	12.41
Short Term Liquidity
Current Ratio	1.1	1.25	1.13	1.29	1.01
Quick Ratio	0.59	0.76	0.65	0.69	0.54
Operating Cash Flow to Current Liabilities	0.32	0.12	0.32	0.39	0.22
Days Sales Outstanding (Average Receivables)	-	37.72	33.22	29.76	33.61
Days Outstanding Inventory (Average Inventory)	-	28.79	26.38	26.11	29.5
Average Days Payable Outstanding	-	37.04	35.91	34.49	39.91
Cash Conversion Cycle (Average Days)	-	29.47	23.69	21.38	23.19
Long Term Solvency
Total Debt/Equity	-1.29K	63.74	68.31	69.96	97.47
Total Debt / Total Capital	108.38	38.93	40.58	41.16	49.36
LT Debt/Equity	-942.85	32.34	32.33	54.79	66.9
Long-Term Debt / Total Capital	79.04	19.75	19.21	32.24	33.88
Total Liabilities / Total Assets	105.04	58.62	59.99	59.71	65.34
EBIT / Interest Expense	1.32	0.17	7.89	6.48	4.49
EBITDA / Interest Expense	1.78	0.98	11.01	8.47	6.5
(EBITDA - Capex) / Interest Expense	1.48	0.67	9.98	7.6	5.34
Total Debt / EBITDA	5.53	4.16	1.76	1.55	2.98
Net Debt / EBITDA	5.5	3.63	1.56	1.53	2.87
Total Debt / (EBITDA - Capex)	6.61	6.06	1.94	1.72	3.62
Net Debt / (EBITDA - Capex)	6.58	5.29	1.72	1.7	3.5
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-3.54	32.15	19.7	10.2
Gross Profit, 1 Yr. Growth %	-	-4.01	49.64	28.74	11.88
EBITDA, 1 Yr. Growth %	-	-55.44	509.3	43.22	1.15
EBITA, 1 Yr. Growth %	-	-72.9	1.13K	45.89	-1.42
EBIT, 1 Yr. Growth %	-	-72.9	1.13K	45.89	-3.36
Earnings From Cont. Operations, 1 Yr. Growth %	-	-428.8	1.21K	32.19	-11.81
Net Income, 1 Yr. Growth %	-	-428.8	1.21K	32.19	-11.81
Normalized Net Income, 1 Yr. Growth %	-	132.37	-760.63	41	-11.14
Diluted EPS Before Extra, 1 Yr. Growth %	-	-250	900.05	26.92	-13.46
Accounts Receivable, 1 Yr. Growth %	-	29.28	6.4	8.01	39.04
Inventory, 1 Yr. Growth %	-	12.26	22.28	11.19	34.85
Net Property, Plant and Equip., 1 Yr. Growth %	-	11.31	18.61	17.32	72.6
Total Assets, 1 Yr. Growth %	-	14.59	20.72	16.66	71.43
Tangible Book Value, 1 Yr. Growth %	-	-194.29	-10.35	-22.09	-156.14
Common Equity, 1 Yr. Growth %	-	-116K	16.73	17.47	47.49
Cash From Operations, 1 Yr. Growth %	-	-66.88	235.08	14.22	3.65
Capital Expenditures, 1 Yr. Growth %	-	42.13	-11.92	50.12	85.82
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-404.62	14.99	0.81
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	3.17K	20.42	5.72
Dividend Per Share, 1 Yr. Growth %	-	-	37.04	21.08	0.89
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	12.9	25.77	14.85
Gross Profit, 2 Yr. CAGR %	-	-	19.85	38.8	20.01
EBITDA, 2 Yr. CAGR %	-	-	64.78	195.41	22.21
EBITA, 2 Yr. CAGR %	-	-	82.54	323.5	21.91
EBIT, 2 Yr. CAGR %	-	-	82.54	323.5	18.74
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	555.9	315.88	7.97
Net Income, 2 Yr. CAGR %	-	-	555.9	315.88	7.97
Normalized Net Income, 2 Yr. CAGR %	-	-	291.8	205.2	11.93
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	287.3	260.56	4.8
Accounts Receivable, 2 Yr. CAGR %	-	-	17.29	7.2	22.54
Inventory, 2 Yr. CAGR %	-	-	17.17	16.61	22.45
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	14.9	17.97	42.3
Total Assets, 2 Yr. CAGR %	-	-	17.62	18.67	41.42
Tangible Book Value, 2 Yr. CAGR %	-	-	-8.06	-16.43	-33.86
Common Equity, 2 Yr. CAGR %	-	-	3.58K	17.1	31.62
Cash From Operations, 2 Yr. CAGR %	-	-	5.34	95.64	8.81
Capital Expenditures, 2 Yr. CAGR %	-	-	11.89	14.99	67.02
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	87.16	7.66
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	527.64	12.83
Dividend Per Share, 2 Yr. CAGR %	-	-	-	28.81	10.53
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	15.13	20.35
Gross Profit, 3 Yr. CAGR %	-	-	-	22.74	29.17
EBITDA, 3 Yr. CAGR %	-	-	-	57.26	108.78
EBITA, 3 Yr. CAGR %	-	-	-	69.4	163.39
EBIT, 3 Yr. CAGR %	-	-	-	69.4	158.8
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	284.55	148
Net Income, 3 Yr. CAGR %	-	-	-	284.55	148
Normalized Net Income, 3 Yr. CAGR %	-	-	-	178.69	102.28
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	169.16	124.07
Accounts Receivable, 3 Yr. CAGR %	-	-	-	14.11	16.91
Inventory, 3 Yr. CAGR %	-	-	-	15.14	22.39
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	15.7	33.92
Total Assets, 3 Yr. CAGR %	-	-	-	17.3	34.15
Tangible Book Value, 3 Yr. CAGR %	-	-	-	-13	-26.81
Common Equity, 3 Yr. CAGR %	-	-	-	1.07K	26.46
Cash From Operations, 3 Yr. CAGR %	-	-	-	8.22	58.3
Capital Expenditures, 3 Yr. CAGR %	-	-	-	23.4	34.94
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	52.28
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	246.63
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	18.74