Income Statement Minesto AB

Stocks

MINEST

SE0007578141

Independent Power Producers

Market Closed - Nasdaq Stockholm 12:00:00 2026-08-20 EDT			5-day change	1st Jan Change
1.776 ^SEK	+1.49%		-4.52%	+140.65%

08-20	Minesto narrowed its operating loss in the first half-year, CEO: we have made tangible progress across the business	FW
08-20	Calendar Thursday, August 20	FW

712.glFW46bCBuvvfyv9K_3oVwk5usVA9pDBi-QSNfE8-B0.-x0su-z0NKK2Rlq7bI-wZ0h67pZzpsWlx49GVLRMsGe1Gj7U5I5Kjp9JTA

Published financial data: MINESTO AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	40.06M	38.76M	42.82M	41.78M	25.71M
Total Revenues	40.06M	38.76M	42.82M	41.78M	25.71M
Cost of Goods Sold, Total	9.49M	11.86M	13.03M	17.53M	14.58M
Gross Profit	30.57M	26.9M	29.79M	24.25M	11.13M
Selling General & Admin Expenses, Total	47.44M	49.97M	56.21M	56.41M	55.53M
Depreciation & Amortization - (IS)	166K	176K	260K	322K	275K
Other Operating Expenses	-3.93M	-3.11M	-2.93M	-3.81M	-7.32M
Other Operating Expenses, Total	43.68M	47.04M	53.53M	52.93M	48.48M
Operating Income	-13.11M	-20.14M	-23.75M	-28.68M	-37.34M
Interest Expense, Total	-3.59M	-20.78K	-712	-24.76K	-41K
Interest And Investment Income	353	1.38M	1.27M	1.58M	1.28M
Net Interest Expenses	-3.59M	1.36M	1.27M	1.56M	1.24M
Currency Exchange Gains (Loss)	-	-	-	-	-
EBT, Excl. Unusual Items	-16.7M	-18.78M	-22.47M	-27.12M	-36.1M
EBT, Incl. Unusual Items	-16.7M	-18.78M	-22.47M	-27.12M	-36.1M
Income Tax Expense	-3.4M	-3.85M	61.97M	1.37K	2K
Earnings From Continuing Operations	-13.3M	-14.93M	-84.44M	-27.12M	-36.1M
Net Income to Company	-13.3M	-14.93M	-84.44M	-27.12M	-36.1M
Net Income - (IS)	-13.3M	-14.93M	-84.44M	-27.12M	-36.1M
Net Income to Common Incl Extra Items	-13.3M	-14.93M	-84.44M	-27.12M	-36.1M
Net Income to Common Excl. Extra Items	-13.3M	-14.93M	-84.44M	-27.12M	-36.1M
Per Share Items
Net EPS - Basic	-0.11	-0.11	-0.61	-0.17	-0.19
Basic EPS - Continuing Operations	-0.11	-0.11	-0.61	-0.17	-0.19
Basic Weighted Average Shares Outstanding	-	-	-	-	186M
Net EPS - Diluted	-0.11	-0.11	-0.61	-0.17	-0.19
Diluted EPS - Continuing Operations	-0.11	-0.11	-0.61	-0.17	-0.19
Diluted Weighted Average Shares Outstanding	-	-	-	-	186M
Normalized Basic EPS	-0.08	-0.09	-0.1	-0.11	-0.12
Normalized Diluted EPS	-0.08	-0.09	-0.1	-0.11	-0.12
Supplemental Items
EBITDA	-12.95M	-19.87M	-23.39M	-28.3M	-37.07M
EBITA	-13.11M	-20.14M	-23.75M	-28.68M	-37.34M
EBIT	-13.11M	-20.14M	-23.75M	-28.68M	-37.34M
EBITDAR	-10.41M	-16.61M	-19.64M	-22.84M	-29.48M
Total Revenues (As Reported)	43.99M	41.87M	45.75M	45.59M	33.04M
Effective Tax Rate - (Ratio)	20.34	20.5	-275.72	-0	-0.01
Total Current Taxes	1.44K	1.26K	1.58K	1.37K	2K
Total Deferred Taxes	-3.4M	-3.85M	61.96M	-	-
Normalized Net Income	-10.44M	-11.74M	-14.05M	-16.95M	-22.56M
Supplemental Operating Expense Items
Net Rental Expense, Total	2.54M	3.25M	3.75M	5.46M	7.6M
Imputed Operating Lease Interest Expense	146M	1.08M	42.71K	2.16M	4.98M
Imputed Operating Lease Depreciation	-143M	2.17M	3.71M	3.3M	2.61M
Stock-Based Comp., SG&A Exp. (Total)	537K	-	-	-	-
Total Stock-Based Compensation	537K	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	104M	151M	34.58M	15.16M	34.89M
Total Cash And Short Term Investments	104M	151M	34.58M	15.16M	34.89M
Other Receivables	27.25M	29.93M	55.44M	39.44M	3.11M
Total Receivables	27.25M	29.93M	55.44M	39.44M	3.11M
Inventory	227K	70.02K	-	-	-
Prepaid Expenses	1.13M	2.72M	2.39M	3.79M	2.4M
Other Current Assets, Total	-	-	-	-	-1K
Total Current Assets	133M	184M	92.41M	58.39M	40.39M
Gross Property Plant And Equipment	2.99M	3.17M	3.23M	2.29M	1.47M
Accumulated Depreciation	-2.04M	-2.36M	-2.21M	-1.76M	-886K
Net Property Plant And Equipment	952K	809K	1.03M	534K	587K
Other Intangibles, Total	13.4M	14.43M	15.28M	16.32M	17.22M
Deferred Tax Assets Long-Term	57.5M	61.96M	-	-	-
Deferred Charges Long-Term	225M	298M	377M	477M	528M
Other Long-Term Assets, Total	253K	278K	287K	291K	281K
Total Assets	430M	560M	486M	552M	586M
Liabilities
Accounts Payable, Total	2.69M	10.19M	13.78M	6.62M	5.95M
Accrued Expenses, Total	7.73M	8.47M	15.34M	18.9M	8.08M
Current Income Taxes Payable	7.28K	107K	257K	196K	98K
Unearned Revenue Current, Total	5.95M	948K	948K	1.27M	1.33M
Other Current Liabilities	1.48M	1.54M	2.01M	1.92M	1.58M
Total Current Liabilities	17.85M	21.25M	32.33M	28.9M	17.04M
Long-Term Debt	500K	500K	500K	500K	500K
Total Liabilities	18.35M	21.75M	32.83M	29.4M	17.54M
Common Stock, Total	6.43M	6.88M	6.88M	8.04M	9.71M
Additional Paid In Capital	610M	750M	750M	846M	926M
Retained Earnings	-205M	-220M	-304M	-331M	-367M
Comprehensive Income and Other	-	-	-	-	-6K
Total Common Equity	412M	538M	453M	523M	569M
Total Equity	412M	538M	453M	523M	569M
Total Liabilities And Equity	430M	560M	486M	552M	586M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	129M	138M	138M	161M	194M
ECS Total Common Shares Outstanding	129M	138M	138M	161M	194M
Book Value / Share	3.2	3.91	3.29	3.25	2.93
Tangible Book Value	398M	523M	438M	506M	551M
Tangible Book Value Per Share	3.1	3.8	3.18	3.15	2.84
Total Debt	500K	500K	500K	500K	500K
Net Debt	-104M	-150M	-34.08M	-14.66M	-34.39M
Debt Equivalent Oper. Leases	20.29M	26.01M	29.99M	43.66M	60.76M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Others	227K	70.02K	-	-	-
Machinery, Total	2.99M	3.17M	3.23M	2.29M	1.47M
Full Time Employees	58	59	63	58	48

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-13.3M	-14.93M	-84.44M	-27.12M	-36.1M
Depreciation & Amortization - CF	166K	270K	360K	382K	275K
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	166K	270K	360K	382K	275K
Other Operating Activities, Total	154K	-6.53M	60.78M	-852K	-1.65M
Change In Accounts Receivable	111M	-2.36M	-24.01M	15.43M	39.75M
Change in Other Net Operating Assets	-11.63M	3.14M	10.73M	-4.04M	-12.48M
Cash from Operations	86.41M	-20.41M	-36.58M	-16.2M	-10.22M
Capital Expenditure	-323K	-90.06K	-566K	-72K	-327K
Sale (Purchase) of Intangible assets	-60.77M	-74.36M	-79.62M	-100M	-52M
Investment in Marketable and Equity Securities, Total	-	-	-	-	34K
Other Investing Activities, Total	-	-	-	-	-1K
Cash from Investing	-61.1M	-74.45M	-80.18M	-101M	-52.29M
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Long-Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-	-	-	-	-
Issuance of Common Stock	26.65M	143M	-	120M	100M
Other Financing Activities, Total	-525K	-2.99M	-	-23.27M	-18.09M
Cash from Financing	26.13M	140M	-	96.73M	81.95M
Foreign Exchange Rate Adjustments	-1.07M	1.14M	455K	596K	294K
Miscellaneous Cash Flow Adjustments	-	-	-1	-	-
Net Change in Cash	50.37M	46.53M	-116M	-19.42M	19.73M
Supplemental Items
Levered Free Cash Flow	30.73M	-87.5M	-109M	-107M	-49.55M
Unlevered Free Cash Flow	32.97M	-87.49M	-109M	-107M	-49.52M
Change In Net Working Capital	-102M	722K	14.02M	-11.16M	-25.87M
Net Debt Issued / Repaid	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-1.91	-2.54	-2.84	-3.45	-4.1
Return on Total Capital	-2.02	-2.65	-2.99	-3.67	-4.27
Return On Equity %	-3.28	-3.14	-17.04	-5.56	-6.62
Return on Common Equity	-3.28	-3.14	-17.04	-5.56	-6.62
Margin Analysis
Gross Profit Margin %	76.3	69.4	69.57	58.04	43.3
SG&A Margin	118.43	128.9	131.27	135.02	215.97
EBITDA Margin %	-32.32	-51.25	-54.62	-67.73	-144.18
EBITA Margin %	-32.73	-51.95	-55.46	-68.64	-145.25
EBIT Margin %	-32.73	-51.95	-55.46	-68.64	-145.25
Income From Continuing Operations Margin %	-33.21	-38.51	-197.2	-64.91	-140.42
Net Income Margin %	-33.21	-38.51	-197.2	-64.91	-140.42
Net Avail. For Common Margin %	-33.21	-38.51	-197.2	-64.91	-140.42
Normalized Net Income Margin	-26.05	-30.28	-32.8	-40.57	-87.76
Levered Free Cash Flow Margin	76.71	-225.74	-253.84	-255.94	-192.71
Unlevered Free Cash Flow Margin	82.3	-225.71	-253.84	-255.9	-192.61
Asset Turnover
Asset Turnover	0.09	0.08	0.08	0.08	0.05
Fixed Assets Turnover	42.48	44.04	46.7	53.6	45.87
Inventory Turnover (Average Inventory)	4.75	80.01	-	-	-
Short Term Liquidity
Current Ratio	7.45	8.64	2.86	2.02	2.37
Quick Ratio	7.37	8.51	2.78	1.89	2.23
Operating Cash Flow to Current Liabilities	4.84	-0.96	-1.13	-0.56	-0.6
Days Outstanding Inventory (Average Inventory)	77.02	4.56	-	-	-
Average Days Payable Outstanding	180.37	200.72	-	212.29	157.75
Long Term Solvency
Total Debt/Equity	0.12	0.09	0.11	0.1	0.09
Total Debt / Total Capital	0.12	0.09	0.11	0.1	0.09
LT Debt/Equity	0.12	0.09	0.11	0.1	0.09
Long-Term Debt / Total Capital	0.12	0.09	0.11	0.1	0.09
Total Liabilities / Total Assets	4.27	3.89	6.75	5.32	2.99
EBIT / Interest Expense	-3.66	-969.17	-33.35K	-1.16K	-910.85
EBITDA / Interest Expense	-3.61	-956.16	-32.84K	-1.14K	-904.15
(EBITDA - Capex) / Interest Expense	-3.7	-960.5	-33.64K	-1.15K	-912.12
Total Debt / EBITDA	-0.04	-0.03	-0.02	-0.02	-0.01
Net Debt / EBITDA	8.02	7.57	1.46	0.52	0.93
Total Debt / (EBITDA - Capex)	-0.04	-0.03	-0.02	-0.02	-0.01
Net Debt / (EBITDA - Capex)	7.83	7.54	1.42	0.52	0.92
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	12.07	-3.24	10.46	-2.42	-38.47
Gross Profit, 1 Yr. Growth %	38.67	-12	10.74	-18.59	-54.09
EBITDA, 1 Yr. Growth %	-89.78	53.43	17.72	21.01	31
EBITA, 1 Yr. Growth %	-89.66	53.55	17.93	20.78	30.21
EBIT, 1 Yr. Growth %	-89.66	53.55	17.93	20.78	30.21
Earnings From Cont. Operations, 1 Yr. Growth %	-86.69	12.21	465.61	-67.88	33.11
Net Income, 1 Yr. Growth %	-86.69	12.21	465.61	-67.88	33.11
Normalized Net Income, 1 Yr. Growth %	-86.73	12.44	19.69	20.68	33.11
Diluted EPS Before Extra, 1 Yr. Growth %	-88.52	5.62	452.4	-71.5	10.85
Inventory, 1 Yr. Growth %	-93.99	-69.09	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	1.88	-15.05	26.77	-47.9	9.92
Total Assets, 1 Yr. Growth %	0.37	30.08	-13.11	13.57	6.17
Tangible Book Value, 1 Yr. Growth %	3.12	31.36	-16.29	15.61	8.89
Common Equity, 1 Yr. Growth %	3.28	30.59	-15.7	15.31	8.78
Cash From Operations, 1 Yr. Growth %	-186.87	-123.62	79.22	-55.71	-36.91
Capital Expenditures, 1 Yr. Growth %	8.52	-72.08	528.1	-87.27	354.17
Levered Free Cash Flow, 1 Yr. Growth %	-115.2	-389.81	24.21	-1.61	-53.67
Unlevered Free Cash Flow, 1 Yr. Growth %	-116.33	-369.73	24.23	-1.62	-53.68
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	7.68	4.13	3.38	3.82	-22.51
Gross Profit, 2 Yr. CAGR %	-5.94	10.47	-1.28	-5.05	-38.86
EBITDA, 2 Yr. CAGR %	4.77	-60.4	34.39	19.35	25.9
EBITA, 2 Yr. CAGR %	5.02	-60.15	34.56	19.35	25.41
EBIT, 2 Yr. CAGR %	5.02	-60.15	34.56	19.35	25.41
Earnings From Cont. Operations, 2 Yr. CAGR %	9.97	-61.35	151.93	34.79	-34.61
Net Income, 2 Yr. CAGR %	9.97	-61.35	151.93	34.79	-34.61
Normalized Net Income, 2 Yr. CAGR %	17.95	-61.38	16	20.18	26.74
Diluted EPS Before Extra, 2 Yr. CAGR %	-4.61	-65.18	141.55	25.46	-43.8
Inventory, 2 Yr. CAGR %	-	-86.37	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	8.89	-6.97	3.78	-18.73	-24.33
Total Assets, 2 Yr. CAGR %	15.12	14.26	6.31	-0.66	9.8
Tangible Book Value, 2 Yr. CAGR %	16.58	16.38	4.86	-1.63	12.2
Common Equity, 2 Yr. CAGR %	16.34	16.14	4.92	-1.41	12
Cash From Operations, 2 Yr. CAGR %	60.28	-54.7	-34.93	-10.91	-47.14
Capital Expenditures, 2 Yr. CAGR %	251.68	-44.95	32.43	-10.59	-23.97
Levered Free Cash Flow, 2 Yr. CAGR %	-44.89	-34.22	89.73	10.55	-32.48
Unlevered Free Cash Flow, 2 Yr. CAGR %	-42.82	-34.18	83.05	10.55	-32.5
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	6.22	3.91	6.2	1.41	-12.79
Gross Profit, 3 Yr. CAGR %	-2.94	-8	10.56	-7.43	-25.48
EBITDA, 3 Yr. CAGR %	10.49	18.97	-43.06	29.78	23.11
EBITA, 3 Yr. CAGR %	9.84	19.2	-42.79	29.8	22.86
EBIT, 3 Yr. CAGR %	9.68	19.2	-42.79	29.8	22.86
Earnings From Cont. Operations, 3 Yr. CAGR %	19.14	10.71	-5.47	26.8	34.23
Net Income, 3 Yr. CAGR %	19.14	10.71	-5.47	26.8	34.23
Normalized Net Income, 3 Yr. CAGR %	18.54	16.08	-43.69	17.54	24.35
Diluted EPS Before Extra, 3 Yr. CAGR %	-1.49	-1.31	-12.51	18.47	20.39
Net Property, Plant and Equip., 3 Yr. CAGR %	0.31	0.24	3.14	-17.52	-10.13
Total Assets, 3 Yr. CAGR %	15.08	19.91	4.29	8.68	1.57
Tangible Book Value, 3 Yr. CAGR %	18.12	21.31	4.28	8.33	1.76
Common Equity, 3 Yr. CAGR %	17.87	20.91	4.37	8.28	1.88
Cash From Operations, 3 Yr. CAGR %	59.81	-15.34	-28.35	-42.77	-20.59
Capital Expenditures, 3 Yr. CAGR %	66.82	51.15	23.93	-39.34	53.7
Levered Free Cash Flow, 3 Yr. CAGR %	-23.65	-4.73	-18.69	52.43	-17.27
Unlevered Free Cash Flow, 3 Yr. CAGR %	-21.74	-4.62	-18.66	48.83	-17.28
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	21.48	6.99	5.07	3.88	-6.38
Gross Profit, 5 Yr. CAGR %	27.76	-0.55	-2.28	-6.83	-12.77
EBITDA, 5 Yr. CAGR %	-5.08	5.86	19.49	19.13	-21.79
EBITA, 5 Yr. CAGR %	-4.97	5.63	19.13	19.26	-21.69
EBIT, 5 Yr. CAGR %	-5.26	5.3	19.03	19.26	-21.69
Earnings From Cont. Operations, 5 Yr. CAGR %	-3.03	2.92	60.75	19.78	-18.43
Net Income, 5 Yr. CAGR %	-3.03	2.92	60.75	19.78	-18.43
Normalized Net Income, 5 Yr. CAGR %	-3.31	2.58	17.52	17.7	-22.1
Diluted EPS Before Extra, 5 Yr. CAGR %	-24.21	-11.83	41.02	8.63	-26.7
Net Property, Plant and Equip., 5 Yr. CAGR %	-8.32	-7.25	1.68	-7.83	-8.88
Total Assets, 5 Yr. CAGR %	14.58	20.76	11.49	11.21	6.46
Tangible Book Value, 5 Yr. CAGR %	15.69	24.17	12.63	11.56	7.37
Common Equity, 5 Yr. CAGR %	15.75	23.75	12.51	11.43	7.36
Cash From Operations, 5 Yr. CAGR %	55.51	-5.72	11.56	-13.59	-36.56
Capital Expenditures, 5 Yr. CAGR %	-22.13	-11.02	52.1	22.52	1.93
Levered Free Cash Flow, 5 Yr. CAGR %	-7.4	24.15	9.49	1.11	-24.52
Unlevered Free Cash Flow, 5 Yr. CAGR %	-5.39	24.88	9.58	1.18	-24.51