Income Statement MUNIC

Stocks

ALMUN

FR0013462231

Electronic Equipment & Parts

Market Closed - Euronext Paris 11:55:00 2026-09-04 EDT			5-day change	1st Jan Change
0.4080 ^EUR	-0.97%		-8.11%	-55.56%

04-29	Munic S.A. Reports Earnings Results for the Full Year Ended December 31, 2025	CI
25-10-30	Munic S.A. Reports Earnings Results for the Half Year Ended June 30, 2025	CI

5237881c2bc6d6c423a98fb103830.nL2qa5ZhgEPxGDZ0MV4s7jijf196sqSa_j3EKcmYhdI.yuXoHuMy5yaSTFEsZzgYoUvtNRM5_uPzpFOUGYjR87Xv8fgH1zHCdalOcw

Published financial data: MUNIC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Revenues	22.48M	24.13M	17.18M	11.58M	13.32M
Other Revenues, Total	-	-	-	17.3K	631K
Total Revenues	22.48M	24.13M	17.18M	11.6M	13.95M
Cost of Goods Sold, Total	17.14M	17.44M	10.68M	6.77M	8.2M
Gross Profit	5.34M	6.69M	6.5M	4.82M	5.76M
Selling General & Admin Expenses, Total	5.62M	5.54M	6.06M	5.36M	4.64M
Depreciation & Amortization - (IS)	460K	1.61M	2.61M	2.55M	2.38M
Other Operating Expenses	437K	575K	-9.52K	-939K	-878K
Other Operating Expenses, Total	6.52M	7.72M	8.66M	6.97M	6.15M
Operating Income	-1.18M	-1.03M	-2.16M	-2.15M	-391K
Interest Expense, Total	-177K	-195K	-205K	-488K	-494K
Net Interest Expenses	-177K	-195K	-205K	-488K	-494K
Currency Exchange Gains (Loss)	-180K	128K	-299K	4.4K	-190K
Other Non Operating Income (Expenses)	196K	2.34K	11.09K	764	-170K
EBT, Excl. Unusual Items	-1.34M	-1.1M	-2.65M	-2.63M	-1.24M
Gain (Loss) On Sale Of Investments	-116K	81.29K	-113K	-25.46K	19.95K
Legal Settlements	-	-	-	-	-
Other Unusual Items	44K	-13.02K	-31.95K	604K	5.89K
EBT, Incl. Unusual Items	-1.41M	-1.03M	-2.8M	-2.05M	-1.22M
Income Tax Expense	-1.18M	-1.04M	-1.01M	-930K	-990K
Earnings From Continuing Operations	-229K	14.69K	-1.79M	-1.12M	-229K
Net Income to Company	-229K	14.69K	-1.79M	-1.12M	-229K
Net Income - (IS)	-229K	14.69K	-1.79M	-1.12M	-229K
Net Income to Common Incl Extra Items	-229K	14.69K	-1.79M	-1.12M	-229K
Net Income to Common Excl. Extra Items	-229K	14.69K	-1.79M	-1.12M	-229K
Per Share Items
Net EPS - Basic	-0.03	0	-0.2	-0.12	-0.02
Basic EPS - Continuing Operations	-0.03	0	-0.2	-0.12	-0.02
Basic Weighted Average Shares Outstanding	7.87M	8.97M	8.97M	9.08M	9.18M
Net EPS - Diluted	-0.03	0	-0.2	-0.12	-0.02
Diluted EPS - Continuing Operations	-0.03	0	-0.2	-0.12	-0.02
Diluted Weighted Average Shares Outstanding	7.87M	8.97M	8.97M	9.08M	9.18M
Normalized Basic EPS	-0.11	-0.08	-0.18	-0.18	-0.08
Normalized Diluted EPS	-0.11	-0.08	-0.18	-0.18	-0.08
Supplemental Items
EBITDA	-720K	577K	444K	403K	1.99M
EBITA	-875K	393K	296K	245K	1.9M
EBIT	-1.18M	-1.03M	-2.16M	-2.15M	-391K
EBITDAR	-325K	1.05M	1.21M	1M	2.54M
Total Revenues (As Reported)	22.37M	25.74M	17.74M	13.09M	15.12M
Effective Tax Rate - (Ratio)	83.76	101.43	36.03	45.37	81.18
Normalized Net Income	-838K	-687K	-1.66M	-1.64M	-778K
Interest on Long-Term Debt	10.36K	47.5K	95K	136K	49.75K
Supplemental Operating Expense Items
Advertising Expense	24.13K	32.59K	23.77K	22.1K	30.25K
Selling and Marketing Expenses	24.13K	32.59K	23.77K	22.1K	30.25K
Net Rental Expense, Total	395K	478K	769K	601K	543K
Imputed Operating Lease Interest Expense	102K	107K	194K	430K	509K
Imputed Operating Lease Depreciation	293K	371K	575K	170K	33.64K

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Assets
Cash And Equivalents	3.15M	3.22M	598K	1.76M	691K
Total Cash And Short Term Investments	3.15M	3.22M	598K	1.76M	691K
Accounts Receivable, Total	8.11M	5.4M	5.72M	1.99M	1.37M
Other Receivables	2.27M	3.42M	3.91M	2.09M	2.36M
Total Receivables	10.37M	8.82M	9.63M	4.08M	3.73M
Inventory	2.34M	3.58M	2.52M	2.52M	1.8M
Prepaid Expenses	100K	176K	161K	108K	120K
Other Current Assets, Total	10	-	-	-1	-
Total Current Assets	15.97M	15.8M	12.9M	8.47M	6.34M
Gross Property Plant And Equipment	681K	927K	1M	1.07M	1.09M
Accumulated Depreciation	-488K	-671K	-637K	-795K	-889K
Net Property Plant And Equipment	194K	256K	367K	275K	202K
Long-term Investments	-	-	-	-	-
Other Intangibles, Total	10.31M	11.72M	11.83M	11.61M	11.54M
Other Long-Term Assets, Total	179K	410K	173K	314K	262K
Total Assets	26.65M	28.18M	25.27M	20.68M	18.34M
Liabilities
Accounts Payable, Total	5.93M	4.53M	4.15M	2.35M	1.96M
Accrued Expenses, Total	1.07M	918K	972K	963K	-
Short-term Borrowings	2.94M	2.94M	-	-	-
Current Portion of Long-Term Debt	-	-	2.67M	1.38M	1.37M
Current Income Taxes Payable	-	-	-	-	558K
Unearned Revenue Current, Total	84.45K	327K	427K	432K	352K
Other Current Liabilities	94.66K	-	157K	13.5K	-
Total Current Liabilities	10.12M	8.71M	8.37M	5.14M	4.24M
Long-Term Debt	4.03M	4.01M	3.38M	3.46M	2.22M
Other Non Current Liabilities	1.52M	1.16M	1.02M	689K	668K
Total Liabilities	15.68M	13.88M	12.77M	9.29M	7.13M
Common Stock, Total	315K	359K	359K	363K	367K
Additional Paid In Capital	17.09M	20.36M	20.36M	20.36M	20.4M
Retained Earnings	-6.77M	-6.75M	-8.54M	-9.66M	-9.89M
Comprehensive Income and Other	330K	330K	330K	330K	330K
Total Common Equity	10.97M	14.3M	12.51M	11.39M	11.21M
Total Equity	10.97M	14.3M	12.51M	11.39M	11.21M
Total Liabilities And Equity	26.65M	28.18M	25.27M	20.68M	18.34M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	7.83M	8.97M	8.91M	9.02M	9.12M
ECS Total Common Shares Outstanding	7.83M	8.97M	8.91M	9.02M	9.12M
Book Value / Share	1.4	1.59	1.4	1.26	1.23
Tangible Book Value	663K	2.58M	673K	-227K	-328K
Tangible Book Value Per Share	0.08	0.29	0.08	-0.03	-0.04
Total Debt	6.97M	6.95M	6.05M	4.84M	3.59M
Net Debt	3.82M	3.73M	5.45M	3.08M	2.9M
Debt Equivalent Oper. Leases	3.16M	3.82M	6.15M	4.81M	4.34M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	2.21M	2.92M	2.61M	2.4M	1.42M
Inventories - Finished Goods, Total	500K	1.2M	445K	535K	513K
Machinery, Total	432K	630K	667K	669K	684K
Full Time Employees	58	56	54	42	39
Accumulated Allowance for Doubtful Accounts (Supple)	1.02M	1.03M	170K	306K	146K
Order Backlog	17.8M	-	-	-	-

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Net Income	-229K	14.69K	-1.79M	-1.12M	-229K
Depreciation & Amortization - CF	155K	184K	148K	158K	93.76K
Amortization of Goodwill and Intangible Assets - (CF)	305K	1.43M	2.46M	2.39M	2.29M
Depreciation & Amortization, Total	460K	1.61M	2.61M	2.55M	2.38M
Other Operating Activities, Total	192K	472K	281K	-635K	-248K
Change In Accounts Receivable	-6.67M	1.23M	-787K	6.25M	787K
Change In Inventories	928K	-1.69M	1.06M	-123K	1M
Change in Other Net Operating Assets	4.02M	-1.66M	-227K	-1.8M	-881K
Cash from Operations	-1.29M	-16.48K	1.15M	5.12M	2.81M
Capital Expenditure	-3.75M	-3.17M	-2.84M	-2.38M	-2.25M
Investment in Marketable and Equity Securities, Total	-99.37K	-2.25K	-91.5K	14.4K	-3.86K
Other Investing Activities, Total	6.19K	-	157K	-	1
Cash from Investing	-3.85M	-3.18M	-2.78M	-2.37M	-2.25M
Short Term Debt Issued, Total	1M	-	-	-	-
Long-Term Debt Issued, Total	2.05M	-	-	65.12K	-
Total Debt Issued	3.05M	-	-	65.12K	-
Short Term Debt Repaid, Total	-	-	-666K	-772K	-736K
Long-Term Debt Repaid, Total	-90K	-129K	-327K	-886K	-897K
Total Debt Repaid	-90K	-129K	-993K	-1.66M	-1.63M
Issuance of Common Stock	-	3.31M	-	-	-
Other Financing Activities, Total	165K	1	-	-	-
Cash from Financing	3.12M	3.18M	-993K	-1.59M	-1.63M
Miscellaneous Cash Flow Adjustments	1	-2	-	-	-
Net Change in Cash	-2.02M	-11.95K	-2.62M	1.16M	-1.07M
Supplemental Items
Cash Income Tax Paid (Refund)	-1.18M	-1.04M	-1.01M	-930K	-990K
Levered Free Cash Flow	-4.43M	-3.87M	-1.51M	2.17M	-240K
Unlevered Free Cash Flow	-4.32M	-3.75M	-1.38M	2.48M	69.15K
Change In Net Working Capital	290K	1.54M	-209K	-3.65M	-175K
Net Debt Issued / Repaid	2.96M	-129K	-993K	-1.59M	-1.63M

Fiscal Period: December	2021 (EUR)	2022 (EUR)	2023 (EUR)	2024 (EUR)	2025 (EUR)
Profitability
Return on Assets	-3.19	-2.36	-5.06	-5.84	-1.25
Return on Total Capital	-4.48	-3.3	-6.79	-7.71	-1.58
Return On Equity %	-2.08	0.12	-13.37	-9.37	-2.03
Return on Common Equity	-2.08	0.12	-13.37	-9.37	-2.03
Margin Analysis
Gross Profit Margin %	23.74	27.73	37.82	41.58	41.25
SG&A Margin	25	22.96	35.29	46.2	33.25
EBITDA Margin %	-3.2	2.39	2.58	3.48	14.29
EBITA Margin %	-3.89	1.63	1.72	2.12	13.62
EBIT Margin %	-5.25	-4.29	-12.59	-18.5	-2.8
Income From Continuing Operations Margin %	-1.02	0.06	-10.43	-9.65	-1.64
Net Income Margin %	-1.02	0.06	-10.43	-9.65	-1.64
Net Avail. For Common Margin %	-1.02	0.06	-10.43	-9.65	-1.64
Normalized Net Income Margin	-3.73	-2.85	-9.66	-14.16	-5.58
Levered Free Cash Flow Margin	-19.72	-16.04	-8.77	18.72	-1.72
Unlevered Free Cash Flow Margin	-19.23	-15.53	-8.02	21.35	0.5
Asset Turnover
Asset Turnover	0.97	0.88	0.64	0.5	0.72
Fixed Assets Turnover	100.27	107.28	55.14	36.1	58.46
Receivables Turnover (Average Receivables)	4.51	3.57	3.09	3	7.93
Inventory Turnover (Average Inventory)	6.11	5.89	3.5	2.69	3.8
Short Term Liquidity
Current Ratio	1.58	1.81	1.54	1.65	1.49
Quick Ratio	1.34	1.38	1.22	1.14	1.04
Operating Cash Flow to Current Liabilities	-0.13	-0	0.14	1	0.66
Days Sales Outstanding (Average Receivables)	80.86	102.17	118.16	121.87	46
Days Outstanding Inventory (Average Inventory)	59.73	61.97	104.16	136.05	96.15
Average Days Payable Outstanding	-	105.76	164.62	175.43	105.41
Cash Conversion Cycle (Average Days)	-	58.37	57.7	82.49	36.75
Long Term Solvency
Total Debt/Equity	63.53	48.59	48.37	42.49	32.02
Total Debt / Total Capital	38.85	32.7	32.6	29.82	24.25
LT Debt/Equity	36.74	28.03	27	30.37	19.79
Long-Term Debt / Total Capital	22.47	18.86	18.2	21.31	14.99
Total Liabilities / Total Assets	58.82	49.26	50.51	44.93	38.88
EBIT / Interest Expense	-6.68	-5.32	-10.53	-4.4	-0.79
EBITDA / Interest Expense	-4.08	2.97	2.16	0.83	4.04
(EBITDA - Capex) / Interest Expense	-25.33	-13.35	-11.68	-4.05	-0.51
Total Debt / EBITDA	-9.68	12.04	13.63	12	1.8
Net Debt / EBITDA	-5.31	6.46	12.28	7.63	1.45
Total Debt / (EBITDA - Capex)	-1.56	-2.68	-2.52	-2.45	-14.2
Net Debt / (EBITDA - Capex)	-0.85	-1.44	-2.27	-1.56	-11.46
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	133.55	7.35	-28.82	-32.55	20.33
Gross Profit, 1 Yr. Growth %	255.9	25.39	-2.91	-25.98	19.37
EBITDA, 1 Yr. Growth %	-81.44	-180.12	-23.05	-9.15	394.41
EBITA, 1 Yr. Growth %	-78.35	-144.95	-24.79	-17.09	674.67
EBIT, 1 Yr. Growth %	-72.48	-12.39	109.05	-0.76	-81.77
Earnings From Cont. Operations, 1 Yr. Growth %	-95.94	-106.4	-12.29K	-37.5	-79.51
Net Income, 1 Yr. Growth %	-95.94	-106.4	-12.29K	-37.5	-79.51
Normalized Net Income, 1 Yr. Growth %	-77.78	-18.11	141.68	-1.01	-52.63
Diluted EPS Before Extra, 1 Yr. Growth %	-95.95	-105.44	-12.32K	-38.36	-79.72
Accounts Receivable, 1 Yr. Growth %	337.32	-33.35	5.85	-65.15	-31.48
Inventory, 1 Yr. Growth %	-28.38	52.94	-29.74	0.24	-28.68
Net Property, Plant and Equip., 1 Yr. Growth %	-23.81	32.02	43.43	-24.98	-26.67
Total Assets, 1 Yr. Growth %	35.93	5.8	-10.31	-18.18	-11.31
Tangible Book Value, 1 Yr. Growth %	-83.75	289.24	-73.94	-133.75	44.55
Common Equity, 1 Yr. Growth %	-0.58	30.29	-12.53	-8.95	-1.58
Cash From Operations, 1 Yr. Growth %	-71.16	-98.73	-7.06K	346.6	-45.1
Capital Expenditures, 1 Yr. Growth %	56.51	-15.47	-10.48	-16.19	-5.62
Levered Free Cash Flow, 1 Yr. Growth %	-45.81	-4.89	-61.09	-244.2	-111.04
Unlevered Free Cash Flow, 1 Yr. Growth %	-40.6	-5.31	-63.25	-279.76	-97.21
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	7.69	58.34	-12.58	-30.67	-9.91
Gross Profit, 2 Yr. CAGR %	5.12	111.25	10.34	-15.11	-6
EBITDA, 2 Yr. CAGR %	6.45	-61.43	-21.48	-16.39	111.94
EBITA, 2 Yr. CAGR %	5.08	-68.8	-41.85	-21.03	153.43
EBIT, 2 Yr. CAGR %	12.5	-50.9	35.33	44.04	-57.47
Earnings From Cont. Operations, 2 Yr. CAGR %	-46.89	-94.9	179.44	772.97	-64.22
Net Income, 2 Yr. CAGR %	-46.89	-94.9	179.44	772.97	-64.22
Normalized Net Income, 2 Yr. CAGR %	-11.23	-57.34	40.69	54.67	-31.52
Diluted EPS Before Extra, 2 Yr. CAGR %	-55.75	-95.3	157.77	767.77	-64.65
Accounts Receivable, 2 Yr. CAGR %	-0.23	70.72	-16.01	-39.26	-51.13
Inventory, 2 Yr. CAGR %	20.38	4.66	3.66	-16.08	-15.44
Net Property, Plant and Equip., 2 Yr. CAGR %	-13.77	0.29	37.6	3.73	-25.83
Total Assets, 2 Yr. CAGR %	14.9	19.89	-2.59	-14.34	-14.82
Tangible Book Value, 2 Yr. CAGR %	-63.3	-20.47	0.71	-70.34	-30.15
Common Equity, 2 Yr. CAGR %	1.61K	13.81	6.75	-10.76	-5.34
Cash From Operations, 2 Yr. CAGR %	76.54	-93.94	-5.85	1.66K	56.58
Capital Expenditures, 2 Yr. CAGR %	15.14	15.02	-13.01	-13.39	-11.07
Levered Free Cash Flow, 2 Yr. CAGR %	13.78	-31.22	-39.16	-25.09	-60.11
Unlevered Free Cash Flow, 2 Yr. CAGR %	20.45	-28.23	-41.01	-18.72	-77.6
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	8.75	7.58	21.3	-19.8	-16.68
Gross Profit, 3 Yr. CAGR %	10.35	11.49	63.02	-3.32	-4.89
EBITDA, 3 Yr. CAGR %	-13.88	-3.17	-51.45	-17.57	51.2
EBITA, 3 Yr. CAGR %	-12.88	-20.83	-58.17	-34.55	69.05
EBIT, 3 Yr. CAGR %	-5.43	3.5	-20.41	22.04	-27.69
Earnings From Cont. Operations, 3 Yr. CAGR %	-17.95	-73.76	-31.82	69.63	149.94
Net Income, 3 Yr. CAGR %	-17.95	-73.76	-31.82	69.63	149.94
Normalized Net Income, 3 Yr. CAGR %	-5.67	-13.58	-23.95	25.13	4.26
Diluted EPS Before Extra, 3 Yr. CAGR %	-27.36	-77.98	-35.35	59.99	148.09
Accounts Receivable, 3 Yr. CAGR %	16.59	-12.79	45.58	-37.35	-36.77
Inventory, 3 Yr. CAGR %	15.97	30.38	-8.36	2.51	-20.51
Net Property, Plant and Equip., 3 Yr. CAGR %	-6.07	-0.62	12.99	12.41	-7.59
Total Assets, 3 Yr. CAGR %	23.77	11.76	8.84	-8.09	-13.34
Tangible Book Value, 3 Yr. CAGR %	-28.11	-19.37	-45.17	-30.04	-49.72
Common Equity, 3 Yr. CAGR %	154.06	625.58	4.25	1.24	-7.8
Cash From Operations, 3 Yr. CAGR %	-17.46	-65.89	-36.53	58.19	454.64
Capital Expenditures, 3 Yr. CAGR %	14.41	3.87	5.8	-14.09	-10.87
Levered Free Cash Flow, 3 Yr. CAGR %	59.69	4.17	-43.11	-18.89	-60.44
Unlevered Free Cash Flow, 3 Yr. CAGR %	68.99	7.96	-42.58	-14.47	-73.58
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	12.15	-0.34	-9.76	7.71
Gross Profit, 5 Yr. CAGR %	-	16.22	10.34	-0.03	30.87
EBITDA, 5 Yr. CAGR %	-	-12.57	-17	-8.69	-12.46
EBITA, 5 Yr. CAGR %	-	-21.59	-25.89	-20.91	-14.01
EBIT, 5 Yr. CAGR %	-	-4.9	9.15	18.13	-38.06
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-45.95	33.95	6.61	-47.32
Net Income, 5 Yr. CAGR %	-	-45.95	33.95	6.61	-47.32
Normalized Net Income, 5 Yr. CAGR %	-	-9.24	10.69	9.08	-27.07
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-51.34	20.64	-4.26	-49.22
Accounts Receivable, 5 Yr. CAGR %	-	-2.17	2.26	-24.54	-5.93
Inventory, 5 Yr. CAGR %	-	9.45	10.88	9.31	-11.26
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-10.67	9.43	1.1	-4.52
Total Assets, 5 Yr. CAGR %	-	17.51	12.45	0.48	-1.33
Tangible Book Value, 5 Yr. CAGR %	-	18.94	-17.73	-45.96	-39.6
Common Equity, 5 Yr. CAGR %	-	67.5	79.6	213.79	0.3
Cash From Operations, 5 Yr. CAGR %	-	-45.02	-13	65.29	-8.92
Capital Expenditures, 5 Yr. CAGR %	-	60.92	2.53	-3.41	-1.3
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	6.71	-8.7	-50.64
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	9	-3.63	-60.59