Income Statement Moury Construct SA

Stocks

MOUR

BE0003602134

Construction & Engineering

Market Closed - Euronext Bruxelles 11:55:00 2026-09-25 EDT			5-day change	1st Jan Change
726.00 ^EUR	+1.68%		+2.83%	+28.72%

05-27	Moury Construct SA announces Annual dividend, payable on June 17, 2026	CI
03-21	Moury Construct SA Reports Earnings Results for the Full Year Ended December 31, 2025	CI

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Published financial data: MOURY CONSTRUCT SA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Revenues	135M	155M	194M	186M	250M
Other Revenues, Total	-	-	-1K	-	-
Total Revenues	135M	155M	194M	186M	250M
Cost of Goods Sold, Total	102M	118M	145M	135M	188M
Gross Profit	33.16M	37.44M	49.49M	51.26M	61.9M
Selling General & Admin Expenses, Total	13.54M	14.72M	19.91M	21.95M	22.98M
Depreciation & Amortization - (IS)	1.8M	1.88M	2.42M	2.44M	2.31M
Other Operating Expenses	1.1M	-2.83M	-2.03M	-1.61M	-1.19M
Other Operating Expenses, Total	16.44M	13.78M	20.3M	22.78M	24.11M
Operating Income	16.72M	23.66M	29.19M	28.48M	37.79M
Interest Expense, Total	-23K	-32K	-94K	-116K	-96K
Interest And Investment Income	181K	375K	1.29M	2.56M	2.24M
Net Interest Expenses	158K	343K	1.2M	2.44M	2.15M
Income (Loss) On Equity Invest.	-8K	-5K	116K	-186K	-437K
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-159K	-148K	-287K	-76K	-493K
EBT, Excl. Unusual Items	16.71M	23.85M	30.21M	30.65M	39.01M
Gain (Loss) On Sale Of Investments	489K	-613K	1.42M	1.53M	6.85M
Gain (Loss) On Sale Of Assets	65K	-47K	26K	52K	56K
Asset Writedown	358K	-	32K	160K	-118K
Insurance Settlements	137K	107K	285K	189K	145K
Legal Settlements	-	-350K	-	-	-
Other Unusual Items	-	508K	600K	199K	243K
EBT, Incl. Unusual Items	17.76M	23.45M	32.58M	32.78M	46.19M
Income Tax Expense	4.75M	6.18M	8.2M	8.36M	11.71M
Earnings From Continuing Operations	13M	17.27M	24.38M	24.42M	34.48M
Net Income to Company	13M	17.27M	24.38M	24.42M	34.48M
Minority Interest	-	-	-	-1K	-1K
Net Income - (IS)	13M	17.27M	24.38M	24.42M	34.47M
Net Income to Common Incl Extra Items	13M	17.27M	24.38M	24.42M	34.47M
Net Income to Common Excl. Extra Items	13M	17.27M	24.38M	24.42M	34.47M
Per Share Items
Net EPS - Basic	33.02	43.85	61.52	61.68	87.27
Basic EPS - Continuing Operations	33.02	43.85	61.52	61.68	87.27
Basic Weighted Average Shares Outstanding	394K	394K	396K	396K	395K
Net EPS - Diluted	33	43.85	61.5	61.68	87.27
Diluted EPS - Continuing Operations	33	43.85	61.5	61.68	87.27
Diluted Weighted Average Shares Outstanding	394K	394K	396K	396K	395K
Normalized Basic EPS	26.52	37.84	47.66	48.39	61.72
Normalized Diluted EPS	26.52	37.84	47.66	48.39	61.72
Dividend Per Share	8.4	9.7	11	12.5	14.2
Payout Ratio	21.2	19.16	15.61	17.84	20.09
Supplemental Items
EBITDA	18.52M	25.44M	31.61M	30.92M	40M
EBITA	16.74M	23.66M	29.7M	28.98M	37.9M
EBIT	16.72M	23.66M	29.19M	28.48M	37.79M
Total Revenues (As Reported)	136M	157M	196M	188M	252M
Effective Tax Rate - (Ratio)	26.77	26.36	25.18	25.5	25.36
Total Current Taxes	3.98M	3.78M	6.35M	8.69M	7.79M
Total Deferred Taxes	778K	2.41M	1.85M	-334K	3.92M
Normalized Net Income	10.44M	14.9M	18.88M	19.16M	24.38M

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Assets
Cash And Equivalents	51.64M	55.84M	90.16M	99.47M	127M
Short Term Investments	12.68M	19.54M	12.3M	19.17M	15.49M
Total Cash And Short Term Investments	64.31M	75.38M	102M	119M	142M
Accounts Receivable, Total	18.46M	18.87M	25.82M	14.4M	21.87M
Other Receivables	3.14M	1.92M	2.25M	3.95M	1.38M
Total Receivables	21.59M	20.79M	28.07M	18.35M	23.25M
Inventory	14.9M	26.28M	22.7M	29.82M	38.04M
Other Current Assets, Total	1.73M	1.95M	1.9M	1.57M	10.54M
Total Current Assets	103M	124M	155M	168M	214M
Gross Property Plant And Equipment	31.16M	31.5M	35.87M	37.85M	38.88M
Accumulated Depreciation	-14.99M	-16.03M	-18.1M	-19.64M	-20.96M
Net Property Plant And Equipment	16.17M	15.47M	17.77M	18.21M	17.93M
Long-term Investments	261K	328K	1.02M	4.63M	1.2M
Goodwill	11.3M	11.3M	13.35M	13.35M	13.35M
Other Intangibles, Total	3K	2K	878K	405K	291K
Loans Receivable Long-Term	599K	-	-	500K	3.7M
Deferred Tax Assets Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	1.14M	1.24M	1.93M	1.63M	1.53M
Total Assets	132M	153M	190M	207M	252M
Liabilities
Accounts Payable, Total	39.9M	46.23M	53.96M	54.78M	69.44M
Accrued Expenses, Total	1.37M	2.07M	3.24M	2.68M	2.34M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	86K	86K	714K	722K	730K
Current Income Taxes Payable	641K	837K	1.14M	2.15M	2.51M
Unearned Revenue Current, Total	-	4.96M	6.45M	4.21M	4.55M
Other Current Liabilities	5.95M	571K	1.07M	752K	847K
Total Current Liabilities	47.95M	54.75M	66.57M	65.3M	80.42M
Long-Term Debt	344K	258K	2.17M	1.44M	678K
Long-Term Leases	700K	603K	507K	410K	314K
Deferred Tax Liability Non Current	6.99M	9.4M	12.9M	12.57M	16.49M
Other Non Current Liabilities	6.63M	4.38M	3.15M	2.67M	2.44M
Total Liabilities	62.61M	69.39M	85.3M	82.38M	100M
Common Stock, Total	23.74M	23.74M	25.24M	25.24M	25.24M
Retained Earnings	-	-	-	-	-
Treasury Stock	-413K	-413K	-1.06M	-1.17M	-1.69M
Comprehensive Income and Other	46.07M	60.03M	80.6M	101M	128M
Total Common Equity	69.4M	83.36M	105M	125M	152M
Minority Interest	2K	2K	3K	3K	3K
Total Equity	69.4M	83.36M	105M	125M	152M
Total Liabilities And Equity	132M	153M	190M	207M	252M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	394K	394K	396K	396K	395K
ECS Total Common Shares Outstanding	394K	394K	396K	396K	395K
Book Value / Share	176.22	211.67	264.46	315.06	384.19
Tangible Book Value	58.09M	72.05M	90.55M	111M	138M
Tangible Book Value Per Share	147.51	182.96	228.54	280.32	349.65
Total Debt	1.13M	947K	3.39M	2.57M	1.72M
Net Debt	-63.18M	-74.44M	-99.08M	-116M	-141M
Minority Interest, Total (Incl. Fin. Div)	2K	2K	3K	3K	3K
Equity Method Investments, Total	116K	142K	657K	921K	584K
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	601K	1.02M	496K	447K	392K
Inventories - Work In Process, Total	12.26M	18.71M	15.06M	28.2M	-
Inventories - Finished Goods, Total	2.04M	6.56M	7.14M	1.17M	37.65M
Land - (BS)	11.26M	10.86M	13.07M	13.1M	13.16M
Machinery, Total	19.88M	20.63M	22.79M	24.75M	25.72M
Full Time Employees	230	246	350	350	350
Order Backlog	238M	234M	241M	357M	316M

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Net Income	13M	17.27M	24.38M	24.42M	34.47M
Depreciation & Amortization - CF	1.78M	1.88M	1.91M	1.94M	2.2M
Amortization of Goodwill and Intangible Assets - (CF)	20K	2K	512K	503K	105K
Depreciation & Amortization, Total	1.8M	1.88M	2.42M	2.44M	2.3M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	8K
(Gain) Loss From Sale Of Asset	-665K	-66K	-26K	-52K	-56K
(Gain) Loss on Sale of Investments - (CF)	161K	-726K	-414K	-1.52M	-5.47M
Asset Writedown & Restructuring Costs	-358K	-	-32K	-160K	118K
(Income) Loss On Equity Investments - (CF)	8K	5K	-116K	186K	437K
Other Operating Activities, Total	1.48M	-7.32M	8.72M	-6.17M	4.18M
Change in Other Net Operating Assets	-4.68M	-1.78M	8.65M	2.33M	1.94M
Cash from Operations	10.75M	9.27M	43.57M	21.48M	37.93M
Capital Expenditure	-1.1M	-1.27M	-1.27M	-2.46M	-2.17M
Sale of Property, Plant, and Equipment	81K	100K	78K	122K	307K
Cash Acquisitions	-	-	-3.38M	-	-
Sale (Purchase) of Intangible assets	-	-1K	-1K	-30K	-
Investment in Marketable and Equity Securities, Total	-119K	-402K	-419K	-4.01M	-306K
Net (Increase) Decrease in Loans Originated / Sold - Investing	2.58M	0	521K	-439K	-100K
Cash from Investing	1.44M	-1.57M	-4.46M	-6.82M	-2.26M
Short Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-183K	-183K	-983K	-897K	-905K
Total Debt Repaid	-183K	-183K	-983K	-897K	-905K
Repurchase of Common Stock	-	-	-	-104K	-523K
Common Dividends Paid	-2.76M	-3.31M	-3.8M	-4.36M	-6.92M
Common & Preferred Stock Dividends Paid	-2.76M	-3.31M	-3.8M	-4.36M	-6.92M
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-2.94M	-3.49M	-4.79M	-5.36M	-8.35M
Miscellaneous Cash Flow Adjustments	-1K	-	-	-	-
Net Change in Cash	9.25M	4.21M	34.32M	9.31M	27.31M
Supplemental Items
Levered Free Cash Flow	9.51M	11.3M	26.8M	19.31M	23.92M
Unlevered Free Cash Flow	9.53M	11.32M	26.86M	19.39M	23.98M
Change In Net Working Capital	1.63M	4.08M	-7.46M	-1.64M	-218K
Net Debt Issued / Repaid	-183K	-183K	-983K	-897K	-905K

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Profitability
Return on Assets	8.32	10.38	10.64	8.96	10.29
Return on Total Capital	15.96	19.11	18.99	15.13	16.83
Return On Equity %	20.23	22.61	25.91	21.28	24.94
Return on Common Equity	20.23	22.61	25.91	21.28	24.94
Margin Analysis
Gross Profit Margin %	24.6	24.1	25.51	27.51	24.81
SG&A Margin	10.05	9.48	10.26	11.78	9.21
EBITDA Margin %	13.74	16.38	16.29	16.59	16.03
EBITA Margin %	12.41	15.23	15.31	15.55	15.19
EBIT Margin %	12.4	15.23	15.04	15.28	15.14
Income From Continuing Operations Margin %	9.65	11.12	12.56	13.11	13.81
Net Income Margin %	9.65	11.12	12.56	13.11	13.81
Net Avail. For Common Margin %	9.65	11.12	12.56	13.11	13.81
Normalized Net Income Margin	7.75	9.59	9.73	10.28	9.77
Levered Free Cash Flow Margin	7.06	7.27	13.81	10.37	9.59
Unlevered Free Cash Flow Margin	7.07	7.28	13.84	10.4	9.61
Asset Turnover
Asset Turnover	1.07	1.09	1.13	0.94	1.09
Fixed Assets Turnover	8.52	9.82	11.68	10.36	13.81
Receivables Turnover (Average Receivables)	7.78	8.32	8.68	9.27	13.76
Inventory Turnover (Average Inventory)	6.88	5.73	5.9	5.14	5.53
Short Term Liquidity
Current Ratio	2.14	2.27	2.33	2.58	2.66
Quick Ratio	1.79	1.76	1.96	2.1	2.06
Operating Cash Flow to Current Liabilities	0.22	0.17	0.65	0.33	0.47
Days Sales Outstanding (Average Receivables)	46.9	43.85	42.03	39.5	26.53
Days Outstanding Inventory (Average Inventory)	53.04	63.74	61.84	71.15	66.01
Average Days Payable Outstanding	142.13	121.56	129.72	139.93	115.75
Cash Conversion Cycle (Average Days)	-42.18	-13.97	-25.85	-29.29	-23.22
Long Term Solvency
Total Debt/Equity	1.63	1.14	3.23	2.06	1.13
Total Debt / Total Capital	1.6	1.12	3.13	2.02	1.12
LT Debt/Equity	1.5	1.03	2.55	1.48	0.65
Long-Term Debt / Total Capital	1.48	1.02	2.47	1.45	0.65
Total Liabilities / Total Assets	47.43	45.43	44.88	39.77	39.8
EBIT / Interest Expense	726.87	739.25	310.5	245.47	393.66
EBITDA / Interest Expense	805.17	798.09	336.23	266.52	417.66
(EBITDA - Capex) / Interest Expense	757.52	758.44	322.76	245.34	395.09
Total Debt / EBITDA	0.06	0.04	0.11	0.08	0.04
Net Debt / EBITDA	-3.41	-2.91	-3.13	-3.75	-3.51
Total Debt / (EBITDA - Capex)	0.06	0.04	0.11	0.09	0.05
Net Debt / (EBITDA - Capex)	-3.63	-3.07	-3.27	-4.08	-3.71
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4.84	15.23	24.9	-3.96	33.92
Gross Profit, 1 Yr. Growth %	35.64	12.89	32.19	3.57	20.77
EBITDA, 1 Yr. Growth %	48.85	26.77	25.96	-2.18	29.47
EBITA, 1 Yr. Growth %	57.92	29.36	27.42	-2.43	30.87
EBIT, 1 Yr. Growth %	58.49	29.49	25.23	-2.44	32.72
Earnings From Cont. Operations, 1 Yr. Growth %	43.04	32.79	41.15	0.19	41.16
Net Income, 1 Yr. Growth %	43.04	32.79	41.15	0.19	41.17
Normalized Net Income, 1 Yr. Growth %	58.05	30.6	28.59	1.45	27.26
Diluted EPS Before Extra, 1 Yr. Growth %	42.94	32.88	40.25	0.3	41.48
Accounts Receivable, 1 Yr. Growth %	13.97	2.25	36.8	-44.21	51.83
Inventory, 1 Yr. Growth %	1.7	76.42	-13.65	31.42	27.55
Net Property, Plant and Equip., 1 Yr. Growth %	4.48	-4.35	14.89	2.49	-1.56
Total Assets, 1 Yr. Growth %	10.84	15.71	24.44	8.97	21.72
Tangible Book Value, 1 Yr. Growth %	21.47	24.03	25.67	22.57	24.45
Common Equity, 1 Yr. Growth %	17.32	20.12	25.69	19.05	21.66
Cash From Operations, 1 Yr. Growth %	54.09	-13.77	370.08	-51.32	76.57
Capital Expenditures, 1 Yr. Growth %	-69.77	15.78	-0.16	93.84	-11.81
Levered Free Cash Flow, 1 Yr. Growth %	59.39	6.88	140.08	-27.93	97.33
Unlevered Free Cash Flow, 1 Yr. Growth %	59.58	6.92	140.17	-27.81	96.65
Dividend Per Share, 1 Yr. Growth %	20	15.48	13.4	13.64	13.6
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	3.11	9.91	19.96	9.52	13.41
Gross Profit, 2 Yr. CAGR %	23.19	23.74	22.16	17.01	11.84
EBITDA, 2 Yr. CAGR %	41.79	43	25.49	11	12.5
EBITA, 2 Yr. CAGR %	48.42	49.4	27.43	11.5	12.96
EBIT, 2 Yr. CAGR %	49.57	49.76	26.4	10.53	13.79
Earnings From Cont. Operations, 2 Yr. CAGR %	47.04	37.82	36.91	18.92	18.92
Net Income, 2 Yr. CAGR %	47.04	37.82	36.91	18.92	18.93
Normalized Net Income, 2 Yr. CAGR %	48.3	50.19	28.64	14.22	13.63
Diluted EPS Before Extra, 2 Yr. CAGR %	47.34	37.82	36.52	18.6	19.12
Accounts Receivable, 2 Yr. CAGR %	19.16	7.95	18.27	-12.64	-7.97
Inventory, 2 Yr. CAGR %	-16.32	33.95	23.42	6.53	29.47
Net Property, Plant and Equip., 2 Yr. CAGR %	10.86	-0.03	4.83	8.52	0.45
Total Assets, 2 Yr. CAGR %	8.83	13.25	20	16.45	15.16
Tangible Book Value, 2 Yr. CAGR %	18.36	22.74	24.85	24.11	23.51
Common Equity, 2 Yr. CAGR %	14.63	18.71	22.87	22.33	20.35
Cash From Operations, 2 Yr. CAGR %	-22.71	15.27	101.34	52.24	-7.29
Capital Expenditures, 2 Yr. CAGR %	-53.18	-40.84	7.52	39.12	30.75
Levered Free Cash Flow, 2 Yr. CAGR %	-8.16	37.56	59.24	31.54	-5.52
Unlevered Free Cash Flow, 2 Yr. CAGR %	-8.11	37.66	59.31	31.67	-5.5
Dividend Per Share, 2 Yr. CAGR %	15.93	17.72	14.43	13.52	13.62
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	6.58	7	14.69	11.39	17.12
Gross Profit, 3 Yr. CAGR %	18.63	19.66	26.5	15.62	18.25
EBITDA, 3 Yr. CAGR %	37.8	40.3	36.45	15.49	16.82
EBITA, 3 Yr. CAGR %	41.02	46.02	40.98	16.58	17.59
EBIT, 3 Yr. CAGR %	40.98	46.83	40.39	15.95	17.48
Earnings From Cont. Operations, 3 Yr. CAGR %	43.93	42.13	38.92	23.37	25.92
Net Income, 3 Yr. CAGR %	43.93	42.13	38.92	23.37	25.91
Normalized Net Income, 3 Yr. CAGR %	40.09	46.42	41.91	18.85	18.41
Diluted EPS Before Extra, 3 Yr. CAGR %	44.22	42.36	38.62	23.18	25.79
Accounts Receivable, 3 Yr. CAGR %	0.87	13.23	16.82	-7.93	5.03
Inventory, 3 Yr. CAGR %	-6.86	7.3	15.71	26.03	13.12
Net Property, Plant and Equip., 3 Yr. CAGR %	20.21	5.54	4.72	4.05	5.05
Total Assets, 3 Yr. CAGR %	9.23	11.08	16.86	16.2	18.18
Tangible Book Value, 3 Yr. CAGR %	13.56	20.22	23.71	24.08	24.22
Common Equity, 3 Yr. CAGR %	10.79	16.43	20.99	21.59	22.11
Cash From Operations, 3 Yr. CAGR %	39.84	-19.84	84.16	25.96	59.95
Capital Expenditures, 3 Yr. CAGR %	-31.03	-36.69	-29.57	30.86	19.51
Levered Free Cash Flow, 3 Yr. CAGR %	74.49	0.05	64.97	22.26	28.93
Unlevered Free Cash Flow, 3 Yr. CAGR %	74.66	0.09	65.08	22.36	28.96
Dividend Per Share, 3 Yr. CAGR %	17.33	15.78	16.26	14.17	13.55
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.52	9.87	11.74	8	14.18
Gross Profit, 5 Yr. CAGR %	13.66	15.67	20.03	18.59	20.42
EBITDA, 5 Yr. CAGR %	21.46	33.54	34.89	27.4	26.31
EBITA, 5 Yr. CAGR %	22.15	36.13	37.84	30.7	29.02
EBIT, 5 Yr. CAGR %	22.12	36.19	37.37	30.68	29.08
Earnings From Cont. Operations, 5 Yr. CAGR %	26.86	36.25	41.08	32.35	30.55
Net Income, 5 Yr. CAGR %	26.86	36.25	41.08	32.34	30.55
Normalized Net Income, 5 Yr. CAGR %	21.11	37.02	37.82	32.18	29.84
Diluted EPS Before Extra, 5 Yr. CAGR %	27.01	36.42	41.09	32.33	30.47
Accounts Receivable, 5 Yr. CAGR %	-0.05	-0.38	7.5	2.07	6.19
Inventory, 5 Yr. CAGR %	-7.3	18.63	4.24	6.99	21.03
Net Property, Plant and Equip., 5 Yr. CAGR %	25.12	16.53	13.8	6.72	2.99
Total Assets, 5 Yr. CAGR %	6.88	10.27	13.42	13.19	16.18
Tangible Book Value, 5 Yr. CAGR %	10.16	13.99	17.95	21.76	23.63
Common Equity, 5 Yr. CAGR %	8.05	11.33	15.47	18.75	20.74
Cash From Operations, 5 Yr. CAGR %	80.44	-7.71	61.79	3.61	40.31
Capital Expenditures, 5 Yr. CAGR %	-6.26	-15.49	-17.62	-13.25	-9.79
Levered Free Cash Flow, 5 Yr. CAGR %	72.46	2.58	71.8	11.36	32
Unlevered Free Cash Flow, 5 Yr. CAGR %	72.93	2.59	71.92	11.43	32.06
Dividend Per Share, 5 Yr. CAGR %	10.07	13.28	16.17	14.87	15.2