Income Statement National Printing Company S.A.E.

Stocks

NAPR

EGS370O1C013

Non-Paper Containers & Packaging

End-of-day quote Egyptian Exchange 2026-10-06			5-day change	1st Jan Change
50.00 ^EGP	+2.04%		+5.62%	+131.80%

06-15	National Printing Company S.A.E. Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
04-22	National Printing Company S.A.E. Reports Earnings Results for the Full Year Ended December 31, 2025	CI

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Published financial data: NATIONAL PRINTING COMPANY S.A.E.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2022 (EGP)	2023 (EGP)	2024 (EGP)	2025 (EGP)
Revenues	4.27B	5.18B	7.14B	7.64B
Total Revenues	4.27B	5.18B	7.14B	7.64B
Cost of Goods Sold, Total	2.72B	3.65B	5.21B	5.71B
Gross Profit	1.55B	1.53B	1.93B	1.93B
Selling General & Admin Expenses, Total	363M	423M	596M	682M
Provision for Bad Debts	11.4M	311K	-702K	814K
Stock-Based Compensation (IS)	-	-	73.11M	25.64M
Other Operating Expenses	-49.6M	-61.26M	-87.36M	-8.29M
Other Operating Expenses, Total	324M	362M	581M	700M
Operating Income	1.23B	1.17B	1.35B	1.23B
Interest Expense, Total	-206M	-399M	-716M	-760M
Interest And Investment Income	21.54M	46.48M	86.23M	63.32M
Net Interest Expenses	-185M	-352M	-630M	-697M
Currency Exchange Gains (Loss)	82.49M	26.58M	103M	-6.02M
Other Non Operating Income (Expenses)	5.55M	8.77M	4.43M	14.81M
EBT, Excl. Unusual Items	1.13B	852M	825M	541M
Gain (Loss) On Sale Of Investments	-	-	-	900K
Gain (Loss) On Sale Of Assets	2.41M	1.37M	26.8M	9.83M
Other Unusual Items	-65.14K	44M	-	-
EBT, Incl. Unusual Items	1.13B	897M	851M	552M
Income Tax Expense	275M	214M	211M	149M
Earnings From Continuing Operations	858M	683M	641M	403M
Net Income to Company	858M	683M	641M	403M
Minority Interest	-337M	-233M	-237M	-99.55M
Net Income - (IS)	521M	450M	403M	303M
Net Income to Common Incl Extra Items	521M	450M	403M	303M
Net Income to Common Excl. Extra Items	521M	450M	403M	303M
Per Share Items
Net EPS - Basic	2.24	2.13	1.91	1.43
Basic EPS - Continuing Operations	2.24	2.13	1.91	1.43
Basic Weighted Average Shares Outstanding	233M	212M	212M	212M
Net EPS - Diluted	2.24	2.13	1.91	1.43
Diluted EPS - Continuing Operations	2.24	2.13	1.91	1.43
Diluted Weighted Average Shares Outstanding	233M	212M	212M	212M
Normalized Basic EPS	1.59	1.41	1.31	1.13
Normalized Diluted EPS	1.59	1.41	1.31	1.13
Payout Ratio	34.23	64.02	78.01	82.63
Supplemental Items
EBITDA	1.32B	1.27B	1.48B	1.39B
EBITA	1.23B	1.17B	1.35B	1.23B
EBIT	1.23B	1.17B	1.35B	1.23B
Effective Tax Rate - (Ratio)	24.29	23.82	24.73	26.99
Total Current Taxes	240M	192M	169M	114M
Total Deferred Taxes	35.86M	21.98M	41.12M	35.06M
Normalized Net Income	370M	299M	278M	239M
Supplemental Operating Expense Items
Selling and Marketing Expenses	118M	156M	294M	307M
General and Administrative Expenses	196M	249M	301M	375M
Stock-Based Comp., Other (Total)	-	-	73.11M	59.32M
Total Stock-Based Compensation	-	-	73.11M	59.32M

Fiscal Period: December	2022 (EGP)	2023 (EGP)	2024 (EGP)	2025 (EGP)
Assets
Cash And Equivalents	368M	489M	552M	430M
Total Cash And Short Term Investments	368M	489M	552M	430M
Accounts Receivable, Total	893M	1.04B	1.3B	1.51B
Other Receivables	105M	206M	334M	204M
Notes Receivable	306M	203M	276M	262M
Total Receivables	1.3B	1.45B	1.91B	1.98B
Inventory	947M	955M	1.49B	1.58B
Prepaid Expenses	6.66M	5.12M	9.49M	13.34M
Other Current Assets, Total	387M	441M	438M	482M
Total Current Assets	3.01B	3.34B	4.4B	4.48B
Gross Property Plant And Equipment	1.91B	2.46B	2.98B	3.95B
Accumulated Depreciation	-530M	-626M	-720M	-878M
Net Property Plant And Equipment	1.38B	1.83B	2.26B	3.07B
Long-term Investments	1.1M	1.1M	1.1M	-
Loans Receivable Long-Term	-	-	-	2.5M
Deferred Tax Assets Long-Term	18.29M	15.76M	2.62M	-
Other Long-Term Assets, Total	27.12M	293M	293M	293M
Total Assets	4.44B	5.48B	6.95B	7.85B
Liabilities
Accounts Payable, Total	288M	448M	885M	958M
Accrued Expenses, Total	103M	123M	252M	255M
Short-term Borrowings	1.61B	1.58B	2.4B	2.77B
Current Portion of Long-Term Debt	140M	184M	118M	74.89M
Current Income Taxes Payable	240M	191M	91.04M	64.8M
Unearned Revenue Current, Total	2.6M	2.13M	1.66M	1.18M
Other Current Liabilities	152M	170M	275M	174M
Total Current Liabilities	2.54B	2.7B	4.02B	4.3B
Long-Term Debt	513M	399M	235M	323M
Deferred Tax Liability Non Current	136M	202M	230M	345M
Total Liabilities	3.18B	3.3B	4.49B	4.97B
Common Stock, Total	235M	212M	212M	215M
Retained Earnings	713M	947M	1.2B	1.47B
Treasury Stock	-129M	-	-	-
Comprehensive Income and Other	646K	504M	504M	586M
Total Common Equity	819M	1.66B	1.91B	2.27B
Minority Interest	439M	519M	549M	605M
Total Equity	1.26B	2.18B	2.46B	2.88B
Total Liabilities And Equity	4.44B	5.48B	6.95B	7.85B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	233M	212M	212M	215M
ECS Total Common Shares Outstanding	233M	212M	212M	215M
Book Value / Share	3.52	7.85	9.03	10.56
Tangible Book Value	819M	1.66B	1.91B	2.27B
Tangible Book Value Per Share	3.52	7.85	9.03	10.56
Total Debt	2.26B	2.16B	2.75B	3.17B
Net Debt	1.9B	1.67B	2.2B	2.74B
Minority Interest, Total (Incl. Fin. Div)	439M	519M	549M	605M
Equity Method Investments, Total	1.1M	1.1M	-	-
Account Code - Inventory Valuation	-	-	6	6
Inventories - Raw Materials, Total	712M	667M	1.07B	1.12B
Inventories - Work In Process, Total	150M	115M	191M	-
Inventories - Finished Goods, Total	4.18M	10.28M	3.64M	206M
Inventories - Others	90.74M	173M	234M	258M
Land - (BS)	148M	436M	437M	804M
Buildings, Total	393M	436M	453M	487M
Machinery, Total	1.34B	1.55B	1.87B	2.26B
Accumulated Allowance for Doubtful Accounts (Supple)	57.81M	58.12M	57.42M	58.24M

Fiscal Period: December	2022 (EGP)	2023 (EGP)	2024 (EGP)	2025 (EGP)
Net Income	521M	450M	403M	303M
Depreciation & Amortization - CF	95.98M	98.44M	129M	163M
Depreciation & Amortization, Total	95.98M	98.44M	129M	163M
(Gain) Loss From Sale Of Asset	-2.41M	-1.37M	-26.8M	-10.73M
Provision and Write-off of Bad Debts	13.79M	311K	-312K	584K
Other Operating Activities, Total	418M	156M	86.05M	824M
Change In Accounts Receivable	-487M	-40.88M	-325M	-220M
Change In Inventories	-555M	-5.2M	-539M	-82.57M
Change In Accounts Payable	111M	103M	432M	220M
Change in Other Net Operating Assets	-203M	-102M	62.96M	-39.9M
Cash from Operations	-87.26M	658M	223M	1.16B
Capital Expenditure	-54.11M	-258M	-503M	-612M
Sale of Property, Plant, and Equipment	2.42M	1.39M	3.12M	11.65M
Sale (Purchase) of Real Estate properties	-	-4.18M	-	-
Investment in Marketable and Equity Securities, Total	121M	-	-	900K
Other Investing Activities, Total	21.54M	46.48M	86.23M	63.32M
Cash from Investing	91.11M	-215M	-413M	-536M
Long-Term Debt Issued, Total	500M	-	598M	269M
Total Debt Issued	500M	-	598M	269M
Long-Term Debt Repaid, Total	-	-44.48M	-	-
Total Debt Repaid	-	-44.48M	-	-
Issuance of Common Stock	-	10M	-	-
Common Dividends Paid	-178M	-288M	-315M	-251M
Common & Preferred Stock Dividends Paid	-178M	-288M	-315M	-251M
Other Financing Activities, Total	-79.01M	-	-	-762M
Cash from Financing	243M	-323M	283M	-744M
Foreign Exchange Rate Adjustments	-	-	-29.8M	-
Miscellaneous Cash Flow Adjustments	-	-	-124K	-24.28K
Net Change in Cash	247M	121M	62.66M	-122M
Supplemental Items
Cash Interest Paid	206M	399M	710M	762M
Cash Income Tax Paid (Refund)	212M	240M	270M	141M
Levered Free Cash Flow	-	-	-331M	-353M
Unlevered Free Cash Flow	-	-	117M	122M
Change In Net Working Capital	-	-	425M	256M
Net Debt Issued / Repaid	500M	-44.48M	598M	269M

Fiscal Period: December	2022 (EGP)	2023 (EGP)	2024 (EGP)	2025 (EGP)
Profitability
Return on Assets	-	-	13.55	10.39
Return on Total Capital	-	-	17.62	13.64
Return On Equity %	-	-	27.61	15.1
Return on Common Equity	-	-	22.57	14.5
Margin Analysis
Gross Profit Margin %	36.35	29.53	27	25.25
SG&A Margin	8.49	8.16	8.34	8.92
EBITDA Margin %	31	24.45	20.68	18.22
EBITA Margin %	28.75	22.55	18.87	16.09
EBIT Margin %	28.75	22.55	18.87	16.09
Income From Continuing Operations Margin %	20.1	13.19	8.97	5.27
Net Income Margin %	12.2	8.69	5.65	3.97
Net Avail. For Common Margin %	12.2	8.69	5.65	3.97
Normalized Net Income Margin	8.66	5.77	3.89	3.12
Levered Free Cash Flow Margin	-	-	-4.63	-4.62
Unlevered Free Cash Flow Margin	-	-	1.64	1.6
Asset Turnover
Asset Turnover	-	-	1.15	1.03
Fixed Assets Turnover	-	-	3.5	2.87
Receivables Turnover (Average Receivables)	-	-	6.11	5.44
Inventory Turnover (Average Inventory)	-	-	4.26	3.72
Short Term Liquidity
Current Ratio	1.19	1.24	1.09	1.04
Quick Ratio	0.54	0.64	0.54	0.5
Operating Cash Flow to Current Liabilities	-0.03	0.24	0.06	0.27
Days Sales Outstanding (Average Receivables)	-	-	59.87	67.11
Days Outstanding Inventory (Average Inventory)	-	-	85.95	98.05
Average Days Payable Outstanding	-	-	42.44	58.08
Cash Conversion Cycle (Average Days)	-	-	103.38	107.08
Long Term Solvency
Total Debt/Equity	179.96	99.11	111.92	110.15
Total Debt / Total Capital	64.28	49.78	52.81	52.42
LT Debt/Equity	40.75	18.28	9.57	11.22
Long-Term Debt / Total Capital	14.56	9.18	4.51	5.34
Total Liabilities / Total Assets	71.68	60.19	64.59	63.32
EBIT / Interest Expense	5.96	2.93	1.88	1.62
EBITDA / Interest Expense	6.42	3.18	2.06	1.83
(EBITDA - Capex) / Interest Expense	6.16	2.53	1.36	1.03
Total Debt / EBITDA	1.71	1.71	1.87	2.28
Net Debt / EBITDA	1.43	1.32	1.49	1.97
Total Debt / (EBITDA - Capex)	1.78	2.14	2.83	4.06
Net Debt / (EBITDA - Capex)	1.49	1.66	2.26	3.51
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-	37.81	7.01
Gross Profit, 1 Yr. Growth %	-	-	26	0.07
EBITDA, 1 Yr. Growth %	-	-	16.54	-5.73
EBITA, 1 Yr. Growth %	-	-	15.29	-8.75
EBIT, 1 Yr. Growth %	-	-	15.29	-8.75
Earnings From Cont. Operations, 1 Yr. Growth %	-	-	-6.23	-37.11
Net Income, 1 Yr. Growth %	-	-	-10.39	-24.76
Normalized Net Income, 1 Yr. Growth %	-	-	-7.06	-14.08
Diluted EPS Before Extra, 1 Yr. Growth %	-	-	-10.39	-24.8
Accounts Receivable, 1 Yr. Growth %	-	-	24.44	16.91
Inventory, 1 Yr. Growth %	-	-	56.34	5.52
Net Property, Plant and Equip., 1 Yr. Growth %	-	-	23.25	36.12
Total Assets, 1 Yr. Growth %	-	-	26.83	12.91
Tangible Book Value, 1 Yr. Growth %	-	-	15.01	18.89
Common Equity, 1 Yr. Growth %	-	-	15.01	18.89
Cash From Operations, 1 Yr. Growth %	-	-	-66.14	24.1
Capital Expenditures, 1 Yr. Growth %	-	-	94.68	21.72
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-	6.58
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-	4.79
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	-	21.44
Gross Profit, 2 Yr. CAGR %	-	-	-	12.29
EBITDA, 2 Yr. CAGR %	-	-	-	4.82
EBITA, 2 Yr. CAGR %	-	-	-	2.57
EBIT, 2 Yr. CAGR %	-	-	-	2.57
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-	-23.2
Net Income, 2 Yr. CAGR %	-	-	-	-17.89
Normalized Net Income, 2 Yr. CAGR %	-	-	-	-10.64
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-	-17.91
Accounts Receivable, 2 Yr. CAGR %	-	-	-	20.62
Inventory, 2 Yr. CAGR %	-	-	-	28.44
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	-	29.52
Total Assets, 2 Yr. CAGR %	-	-	-	19.9
Tangible Book Value, 2 Yr. CAGR %	-	-	-	15.96
Common Equity, 2 Yr. CAGR %	-	-	-	15.96
Cash From Operations, 2 Yr. CAGR %	-	-	-	32.64
Capital Expenditures, 2 Yr. CAGR %	-	-	-	53.94
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	15.45
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-51.19
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	21.4
Gross Profit, 3 Yr. CAGR %	-	-	-	7.52
EBITDA, 3 Yr. CAGR %	-	-	-	1.68
EBITA, 3 Yr. CAGR %	-	-	-	0.04
EBIT, 3 Yr. CAGR %	-	-	-	0.04
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	-22.28
Net Income, 3 Yr. CAGR %	-	-	-	-16.49
Normalized Net Income, 3 Yr. CAGR %	-	-	-	-13.57
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	-13.84
Accounts Receivable, 3 Yr. CAGR %	-	-	-	19.24
Inventory, 3 Yr. CAGR %	-	-	-	18.5
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	30.46
Total Assets, 3 Yr. CAGR %	-	-	-	20.89
Tangible Book Value, 3 Yr. CAGR %	-	-	-	40.52
Common Equity, 3 Yr. CAGR %	-	-	-	40.52
Cash From Operations, 3 Yr. CAGR %	-	-	-	136.77
Capital Expenditures, 3 Yr. CAGR %	-	-	-	124.46