Income Statement Less S.A.

Stocks

LES

PLINTGR00013

Auto, Truck & Motorcycle Parts

Delayed Warsaw S.E. 03:06:37 2026-09-08 EDT			5-day change	1st Jan Change
0.2120 ^PLN	-0.93%		-10.55%	-0.93%

06-01	Less S.A. Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
04-30	Less S.A. Reports Earnings Results for the Full Year Ended December 31, 2025	CI

99d.IpYtUba8fvHElRuuMGtjLM_8nQavH_lqmMLVuy5Pqe8.GuxION_aCIi38WyWUj0NSJq_0GXMbqg-rfuY8W95wIMU7F5n6eM8yLPAKw

Published financial data: LESS S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (PLN)	2022 (PLN)	2023 (PLN)	2024 (PLN)	2025 (PLN)
Revenues	103K	285K	-	-	-
Total Revenues	103K	285K	-	-	-
Cost of Goods Sold, Total	-	2.2M	-	-	-
Gross Profit	103K	-1.91M	-	-	-
Selling General & Admin Expenses, Total	4.94M	7.81M	1.79M	971K	1.1M
Provision for Bad Debts	-	-	-	-	-
Other Operating Expenses	1K	-76K	-386K	91K	25K
Other Operating Expenses, Total	4.94M	7.73M	1.41M	1.06M	1.12M
Operating Income	-4.84M	-9.64M	-1.41M	-1.06M	-1.12M
Interest Expense, Total	-17K	-118K	-232K	-198K	-93K
Interest And Investment Income	-	-	-	-	333K
Net Interest Expenses	-17K	-118K	-232K	-198K	240K
Currency Exchange Gains (Loss)	-11K	-14K	-31K	-	-
Other Non Operating Income (Expenses)	1K	-7K	-28K	-	-17K
EBT, Excl. Unusual Items	-4.86M	-9.78M	-1.7M	-1.26M	-897K
Gain (Loss) On Sale Of Assets	-	-9K	-	-	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	-2.54M	-	-	-	-
EBT, Incl. Unusual Items	-7.41M	-9.79M	-1.7M	-1.26M	-897K
Income Tax Expense	-	-2K	201K	-123K	99K
Earnings From Continuing Operations	-7.41M	-9.79M	-1.9M	-1.14M	-996K
Earnings Of Discontinued Operations	-	-7.81M	-6.09M	-448K	-
Net Income to Company	-7.41M	-17.6M	-7.99M	-1.58M	-996K
Minority Interest	-	-	-	-	-
Net Income - (IS)	-7.41M	-17.6M	-7.99M	-1.58M	-996K
Net Income to Common Incl Extra Items	-7.41M	-17.6M	-7.99M	-1.58M	-996K
Net Income to Common Excl. Extra Items	-7.41M	-9.79M	-1.9M	-1.14M	-996K
Per Share Items
Net EPS - Basic	-0.07	-0.14	-0.06	-0.01	-0.01
Basic EPS - Continuing Operations	-0.07	-0.08	-0.01	-0.01	-0.01
Basic Weighted Average Shares Outstanding	103M	123M	127M	129M	149M
Net EPS - Diluted	-0.07	-0.14	-0.06	-0.01	-0.01
Diluted EPS - Continuing Operations	-0.07	-0.08	-0.01	-0.01	-0.01
Diluted Weighted Average Shares Outstanding	103M	123M	127M	129M	149M
Normalized Basic EPS	-0.03	-0.05	-0.01	-0.01	-0
Normalized Diluted EPS	-0.03	-0.05	-0.01	-0.01	-0
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	-4.82M	-9.58M	-1.19M	-1.06M	-1.12M
EBITA	-4.84M	-9.64M	-1.41M	-1.06M	-1.12M
EBIT	-4.84M	-9.64M	-1.41M	-1.06M	-1.12M
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	-	0.02	-11.84	9.76	-11.04
Total Current Taxes	-	-	-	-	-
Deferred Domestic Taxes	-	-2K	-	-	-
Total Deferred Taxes	-	-2K	201K	-123K	99K
Normalized Net Income	-3.04M	-6.11M	-1.06M	-788K	-561K
Supplemental Operating Expense Items
Selling and Marketing Expenses	4.33M	1.93M	-	-	-
General and Administrative Expenses	610K	5.88M	1.79M	971K	1.1M
Research And Development Expense From Footnotes	703K	941K	573K	-	-

Fiscal Period: December	2021 (PLN)	2022 (PLN)	2023 (PLN)	2024 (PLN)	2025 (PLN)
Assets
Cash And Equivalents	7.41M	1.11M	67K	58K	510K
Total Cash And Short Term Investments	7.41M	1.11M	67K	58K	510K
Accounts Receivable, Total	142K	19K	25K	-	-
Other Receivables	-	-	-	-	183K
Notes Receivable	-	-	-	-	11.7M
Total Receivables	142K	19K	25K	-	11.89M
Inventory	1.16M	1.47M	-	-	-
Other Current Assets, Total	1.19M	356K	180K	83K	577K
Total Current Assets	9.9M	2.96M	272K	141K	12.97M
Gross Property Plant And Equipment	1.44M	1.09M	151K	-	-
Accumulated Depreciation	-511K	-826K	-147K	-	-
Net Property Plant And Equipment	932K	265K	4K	-	-
Long-term Investments	-	-	-	-	-
Goodwill	1.36M	-	-	-	-
Other Intangibles, Total	178K	20K	-	-	-
Deferred Tax Assets Long-Term	104K	146K	-	68K	-
Deferred Charges Long-Term	3.6M	3.67M	-	-	-
Other Long-Term Assets, Total	44K	113K	27K	-	-
Total Assets	16.12M	7.17M	303K	209K	12.97M
Liabilities
Accounts Payable, Total	1.24M	568K	150K	71K	285K
Accrued Expenses, Total	1.08M	1.54M	290K	193K	209K
Short-term Borrowings	1K	3.1M	1.39M	1.66M	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	331K	110K	-	-	-
Current Income Taxes Payable	-	-	-	-	-
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	3.34M	121K	104K	45K	10.6M
Total Current Liabilities	5.99M	5.44M	1.93M	1.96M	11.09M
Long-Term Debt	52K	-	-	1.52M	-
Long-Term Leases	491K	-	-	-	-
Unearned Revenue Non Current	-	-	-	-	-
Pension & Other Post Retirement Benefits	19K	99K	2K	1K	1K
Deferred Tax Liability Non Current	-	-	55K	-	31K
Other Non Current Liabilities	-	-	-	-	-1K
Total Liabilities	6.56M	5.54M	1.99M	3.48M	11.12M
Common Stock, Total	120M	125M	129M	25.85M	32.04M
Additional Paid In Capital	26.8M	30.15M	30.15M	4.35M	4.35M
Retained Earnings	-137M	-155M	-162M	41.06M	39.99M
Comprehensive Income and Other	-	1.4M	1.4M	-74.53M	-74.53M
Total Common Equity	9.57M	1.64M	-1.69M	-3.27M	1.85M
Minority Interest	-	-	-	-	-
Total Equity	9.57M	1.64M	-1.69M	-3.27M	1.85M
Total Liabilities And Equity	16.12M	7.17M	303K	209K	12.97M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	120M	125M	129M	129M	462M
ECS Total Common Shares Outstanding	120M	125M	129M	129M	160M
Book Value / Share	0.08	0.01	-0.01	-0.03	0.01
Tangible Book Value	8.03M	1.62M	-1.69M	-3.27M	1.85M
Tangible Book Value Per Share	0.07	0.01	-0.01	-0.03	0.01
Total Debt	875K	3.21M	1.39M	3.17M	0
Net Debt	-6.54M	2.1M	1.32M	3.11M	-510K
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	1.16M	-	-	-	-
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	-	1.2M	-	-	-
Land - (BS)	-	-	-	-	-
Buildings, Total	913K	585K	-	-	-
Machinery, Total	351K	308K	151K	-	-
Full Time Employees	55	43	4	1	2
Accumulated Allowance for Doubtful Accounts (Supple)	46K	45K	-	-	-

Fiscal Period: December	2021 (PLN)	2022 (PLN)	2023 (PLN)	2024 (PLN)	2025 (PLN)
Net Income	-7.41M	-17.6M	-7.99M	-1.58M	-996K
Depreciation & Amortization - CF	191K	368K	218K	1K	-
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	191K	368K	218K	1K	-
Amortization of Deferred Charges, Total - (CF)	703K	985K	514K	-	-
(Gain) Loss From Sale Of Asset	-	8K	78K	3K	-
Asset Writedown & Restructuring Costs	-	1.6M	3.11M	-	-
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-518K	1.52M	443K	67K	-149K
Change In Accounts Receivable	-611K	416K	668K	149K	-645K
Change In Inventories	4K	197K	968K	-	-
Change in Other Net Operating Assets	2.78M	-3.36M	-1.78M	-236K	181K
Cash from Operations	-4.86M	-15.86M	-3.77M	-1.6M	-1.61M
Capital Expenditure	-1.36M	-1.29M	-	-	-
Sale of Property, Plant, and Equipment	-	44K	37K	-	-
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	-	-	-	-	-11.37M
Cash from Investing	-1.36M	-1.24M	37K	-	-11.37M
Long-Term Debt Issued, Total	30K	3M	1.86M	2.64M	130K
Total Debt Issued	30K	3M	1.86M	2.64M	130K
Long-Term Debt Repaid, Total	-190K	-310K	-3.61M	-1.02M	-3.1M
Total Debt Repaid	-190K	-310K	-3.61M	-1.02M	-3.1M
Issuance of Common Stock	13.76M	-	4.67M	-	16.69M
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-24K	-	-225K	-28K	-283K
Cash from Financing	13.58M	2.69M	2.69M	1.59M	13.43M
Foreign Exchange Rate Adjustments	-	-	-	-	-
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	7.36M	-14.41M	-1.05M	-9K	452K
Supplemental Items
Cash Interest Paid	24K	-	311K	28K	283K
Cash Income Tax Paid (Refund)	-	-	-	-	-
Levered Free Cash Flow	-674K	-8.82M	-336K	-900K	-2.43M
Unlevered Free Cash Flow	-664K	-8.74M	-191K	-776K	-2.37M
Change In Net Working Capital	-2.82M	2.78M	44K	113K	1.67M
Net Debt Issued / Repaid	-160K	2.69M	-1.76M	1.62M	-2.98M

Fiscal Period: December	2021 (PLN)	2022 (PLN)	2023 (PLN)	2024 (PLN)	2025 (PLN)
Profitability
Return on Assets	-30.54	-51.75	-23.53	-259.28	-10.6
Return on Total Capital	-44.58	-78.83	-38.65	332.71	-83.33
Return On Equity %	-132.24	-174.77	7.45K	45.86	133.6
Return on Common Equity	-132.24	-174.77	7.45K	45.86	133.6
Margin Analysis
Gross Profit Margin %	100	-670.18	-	-	-
SG&A Margin	4.8K	2.74K	-	-	-
EBITDA Margin %	-4.68K	-3.36K	-	-	-
EBITA Margin %	-4.7K	-3.38K	-	-	-
EBIT Margin %	-4.7K	-3.38K	-	-	-
Income From Continuing Operations Margin %	-7.19K	-3.43K	-	-	-
Net Income Margin %	-7.19K	-6.17K	-	-	-
Net Avail. For Common Margin %	-7.19K	-3.43K	-	-	-
Normalized Net Income Margin	-2.95K	-2.15K	-	-	-
Levered Free Cash Flow Margin	-654.73	-3.09K	-	-	-
Unlevered Free Cash Flow Margin	-644.42	-3.07K	-	-	-
Asset Turnover
Asset Turnover	0.01	0.02	-	-	-
Fixed Assets Turnover	0.15	0.48	-	-	-
Receivables Turnover (Average Receivables)	-	3.54	-	-	-
Inventory Turnover (Average Inventory)	-	1.67	-	-	-
Short Term Liquidity
Current Ratio	1.65	0.54	0.14	0.07	1.17
Quick Ratio	1.26	0.21	0.05	0.03	0.06
Operating Cash Flow to Current Liabilities	-0.81	-2.92	-1.95	-0.81	-0.15
Days Sales Outstanding (Average Receivables)	-	103.1	-	-	-
Days Outstanding Inventory (Average Inventory)	-	218.83	-	-	-
Average Days Payable Outstanding	-	131.92	-	-	-
Cash Conversion Cycle (Average Days)	-	190.01	-	-	-
Long Term Solvency
Total Debt/Equity	9.15	196.39	-82.34	-96.91	-
Total Debt / Total Capital	8.38	66.26	-466.11	-3.14K	-
LT Debt/Equity	5.68	-	-	-46.3	-
Long-Term Debt / Total Capital	5.2	-	-	-1.5K	-
Total Liabilities / Total Assets	40.66	77.19	656.77	1.67K	85.73
EBIT / Interest Expense	-284.59	-81.72	-6.06	-5.36	-12.04
EBITDA / Interest Expense	-273.35	-78.6	-5.12	-5.36	-12.03
(EBITDA - Capex) / Interest Expense	-353.18	-89.51	-5.12	-5.36	-12.03
Total Debt / EBITDA	-0.19	-0.35	-1.17	-2.99	-
Net Debt / EBITDA	1.41	-0.23	-1.11	-2.93	0.46
Total Debt / (EBITDA - Capex)	-0.15	-0.3	-1.17	-2.99	-
Net Debt / (EBITDA - Capex)	1.09	-0.2	-1.11	-2.93	0.46
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	312	176.7	-	-	-
Gross Profit, 1 Yr. Growth %	312	-1.95K	-	-	-
EBITDA, 1 Yr. Growth %	-16.52	98.45	-68.28	-10.77	-0.62
EBITA, 1 Yr. Growth %	-16.37	99.32	-65.82	-24.52	-0.62
EBIT, 1 Yr. Growth %	-16.37	99.32	-65.82	-24.52	-0.62
Earnings From Cont. Operations, 1 Yr. Growth %	26.93	32.11	-55.11	-40.13	-17.41
Net Income, 1 Yr. Growth %	26.93	137.48	-54.6	-80.16	-39.78
Normalized Net Income, 1 Yr. Growth %	-16.67	101.07	-59.88	-25.8	-32.51
Diluted EPS Before Extra, 1 Yr. Growth %	-9.79	10.85	-56.35	-41.28	-0.01
Accounts Receivable, 1 Yr. Growth %	-	-86.62	31.58	-	-
Inventory, 1 Yr. Growth %	29.02K	25.92	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	126.76	-71.57	-98.49	-	-
Total Assets, 1 Yr. Growth %	338.31	-55.51	-95.78	-31.02	5.31K
Tangible Book Value, 1 Yr. Growth %	389.34	-79.88	-204.39	93.95	-155.39
Common Equity, 1 Yr. Growth %	482.94	-82.9	-203.12	93.95	-155.39
Cash From Operations, 1 Yr. Growth %	6.11	226.16	-76.22	-57.54	0.5
Capital Expenditures, 1 Yr. Growth %	-39.15	-5.16	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	-94.05	1.21K	-93.72	167.41	177.71
Unlevered Free Cash Flow, 1 Yr. Growth %	-94.13	1.22K	-96.38	305.36	216.84
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	237.64	-	-	-
Gross Profit, 2 Yr. CAGR %	-	774.07	-	-	-
EBITDA, 2 Yr. CAGR %	-8.03	28.71	-50.36	-46.79	-2.99
EBITA, 2 Yr. CAGR %	-10.22	29.11	-46.07	-49.2	-10.78
EBIT, 2 Yr. CAGR %	-10.32	29.11	-46.07	-49.2	-10.78
Earnings From Cont. Operations, 2 Yr. CAGR %	9.41	29.49	-49.38	-48.15	-27.58
Net Income, 2 Yr. CAGR %	-43.58	73.62	3.83	-69.99	-64.69
Normalized Net Income, 2 Yr. CAGR %	-11.35	29.44	-40.92	-45.44	-27.32
Diluted EPS Before Extra, 2 Yr. CAGR %	-63.26	0	-54.44	-49.37	-18.3
Accounts Receivable, 2 Yr. CAGR %	-80.18	-	-58.04	-	-
Inventory, 2 Yr. CAGR %	-56.87	1.82K	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	23.71	-19.7	-93.45	-	-
Total Assets, 2 Yr. CAGR %	-34.54	39.65	-86.29	-82.93	554.33
Tangible Book Value, 2 Yr. CAGR %	-19.61	-0.76	-54.16	42.29	4.75
Common Equity, 2 Yr. CAGR %	-14.06	-0.15	-58.01	41.42	4.75
Cash From Operations, 2 Yr. CAGR %	-28.82	86.04	-11.93	-68.23	-34.68
Capital Expenditures, 2 Yr. CAGR %	37.96	-24.03	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	-70.08	-11.77	-29.37	-59.02	168.56
Unlevered Free Cash Flow, 2 Yr. CAGR %	-70.1	-12.09	-46.3	-61.71	251.76
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-91.61	-	-	-	-
Gross Profit, 3 Yr. CAGR %	-76.21	-	-	-	-
EBITDA, 3 Yr. CAGR %	1.55	18.85	-40.97	-39.64	-33.16
EBITA, 3 Yr. CAGR %	50.09	17.12	-37.58	-39.68	-35.2
EBIT, 3 Yr. CAGR %	-18.31	17.04	-37.58	-39.68	-35.2
Earnings From Cont. Operations, 3 Yr. CAGR %	-18.35	16.51	-31.23	-46.46	-38.25
Net Income, 3 Yr. CAGR %	-33.86	-8.91	11.02	-40.2	-61.61
Normalized Net Income, 3 Yr. CAGR %	-32.28	16.48	-33.74	-36.26	-40.38
Diluted EPS Before Extra, 3 Yr. CAGR %	-57.89	-46.91	-42.79	-50.42	-33.7
Accounts Receivable, 3 Yr. CAGR %	-74.67	-82.61	-	-	-
Inventory, 3 Yr. CAGR %	-58.71	-38.35	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-69.79	-24.22	-78.65	-	-
Total Assets, 3 Yr. CAGR %	-43.67	-42.44	-56.49	-76.51	21.84
Tangible Book Value, 3 Yr. CAGR %	-37.66	-49.33	0.93	-25.86	4.63
Common Equity, 3 Yr. CAGR %	-34.42	-49.83	0.93	-30.07	4.2
Cash From Operations, 3 Yr. CAGR %	-6.41	18.23	-6.29	-30.95	-53.36
Capital Expenditures, 3 Yr. CAGR %	-22.56	21.76	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	-55.34	5.39	-69.03	10.08	-23.2
Unlevered Free Cash Flow, 3 Yr. CAGR %	-53.27	5.6	-74.33	5.33	-23.51
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-79.14	-73.61	-	-	-
Gross Profit, 5 Yr. CAGR %	-67.63	-41	-	-	-
EBITDA, 5 Yr. CAGR %	-23.81	7.64	-23.73	-28.57	-27.99
EBITA, 5 Yr. CAGR %	-16.89	39.6	-0.34	-29.28	-27.99
EBIT, 5 Yr. CAGR %	-8.68	19.33	-30.81	-29.31	-27.99
Earnings From Cont. Operations, 5 Yr. CAGR %	40.28	-26.9	-32.56	-28.75	-29.79
Net Income, 5 Yr. CAGR %	40.28	-26.84	-20.79	-41.57	-29.79
Normalized Net Income, 5 Yr. CAGR %	2.04	7.27	-35.88	-27.27	-31.24
Diluted EPS Before Extra, 5 Yr. CAGR %	12.53	-54.85	-56.55	-56.02	-34.03
Accounts Receivable, 5 Yr. CAGR %	-66.6	-77.17	-69.01	-	-
Inventory, 5 Yr. CAGR %	-48.05	-43.75	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-61.73	-69.16	-83.62	-	-
Total Assets, 5 Yr. CAGR %	-44.12	-48.93	-67.99	-64.61	28.67
Tangible Book Value, 5 Yr. CAGR %	-35.34	-22.68	-44.88	-23.42	2.44
Common Equity, 5 Yr. CAGR %	-40.39	-43.47	-45.13	-24.06	2.44
Cash From Operations, 5 Yr. CAGR %	2.81	10.81	-8.66	-30.1	-18.89
Capital Expenditures, 5 Yr. CAGR %	-36.61	-38.69	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	-41.38	-21.94	-46.35	-34.63	-26.52
Unlevered Free Cash Flow, 5 Yr. CAGR %	-39.9	-22.69	-50.6	-36.35	-26.86