Cash flow Netfonds AG

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NF4

DE000A1MME74

Diversified Investment Services

Market Closed - Deutsche Boerse AG Other stock markets 09:25:03 2026-07-31 EDT			5-day change	1st Jan Change
80.50 ^EUR	-.--%		-.--%	+96.34%

07-10	Netfonds AG Announces Step Down of Karsten Dümmler from Supervisory Board, Effective July 12, 2026	CI
07-05	Netfonds AG Reports Earnings Results for the Full Year Ended December 31, 2025	CI

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Published financial data: NETFONDS AG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	193M	178M	195M	239M	278M
Total Revenues	193M	178M	195M	239M	278M
Cost of Goods Sold, Total	174M	162M	177M	216M	251M
Gross Profit	19.14M	15.62M	17.52M	23.14M	26.79M
Depreciation & Amortization - (IS)	3.98M	1.72M	3.57M	4.73M	6.53M
Amortization of Goodwill and Intangible Assets - (IS)	-	1.79M	-	-	-
Other Operating Expenses	3.56M	7.9M	12.6M	15.07M	14.57M
Other Operating Expenses, Total	7.54M	11.41M	16.16M	19.8M	21.1M
Operating Income	11.6M	4.21M	1.36M	3.33M	5.69M
Interest Expense, Total	-2.58M	-460K	-571K	-905K	-2.14M
Interest And Investment Income	723K	320K	635K	296K	708K
Net Interest Expenses	-1.86M	-140K	64.09K	-609K	-1.43M
Income (Loss) On Equity Invest.	-270K	-816K	-680K	916K	-569K
Other Non Operating Income (Expenses)	8K	-	-	-	111K
EBT, Excl. Unusual Items	9.48M	3.25M	741K	3.64M	3.79M
Gain (Loss) On Sale Of Investments	-	-1.25M	-	-	-
Other Unusual Items	-	-	-	-	-201K
EBT, Incl. Unusual Items	9.48M	2M	741K	3.64M	3.59M
Income Tax Expense	742K	1.12M	1.01M	1.04M	2.19M
Earnings From Continuing Operations	8.74M	881K	-265K	2.6M	1.41M
Net Income to Company	8.74M	881K	-265K	2.6M	1.41M
Minority Interest	-341K	-30K	-342K	825K	533K
Net Income - (IS)	8.4M	851K	-607K	3.43M	1.94M
Net Income to Common Incl Extra Items	8.4M	851K	-607K	3.43M	1.94M
Net Income to Common Excl. Extra Items	8.4M	851K	-607K	3.43M	1.94M
Per Share Items
Net EPS - Basic	3.79	0.38	-0.26	1.47	-
Basic EPS - Continuing Operations	3.79	0.38	-0.26	1.47	-
Basic Weighted Average Shares Outstanding	2.21M	2.21M	2.32M	2.33M	-
Net EPS - Diluted	3.79	0.38	-0.26	1.47	-
Diluted EPS - Continuing Operations	3.79	0.38	-0.26	1.47	-
Diluted Weighted Average Shares Outstanding	2.21M	2.21M	2.32M	2.33M	-
Normalized Basic EPS	2.52	0.9	0.05	1.33	-
Normalized Diluted EPS	2.52	0.9	0.05	1.33	-
Dividend Per Share	0.25	0.25	0.25	0.35	-
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	15.09M	7.08M	4.01M	6.83M	10.8M
EBITA	14.85M	6.89M	3.86M	6.67M	10.63M
EBIT	11.6M	4.21M	1.36M	3.33M	5.69M
Effective Tax Rate - (Ratio)	7.82	55.97	135.79	28.53	60.81
Total Current Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	5.59M	2M	121K	3.1M	2.9M
Non-Cash Pension Expense	92K	96K	102K	104K	136K

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	4.79M	6.31M	4.13M	3.95M	6.45M
Short Term Investments	94.51K	102K	109K	12.07M	70.99K
Total Cash And Short Term Investments	4.89M	6.41M	4.24M	16.02M	6.52M
Accounts Receivable, Total	35.53M	31.28M	38.94M	51.64M	57.24M
Other Receivables	-	-	-	-	-
Total Receivables	35.53M	31.28M	38.94M	51.64M	57.24M
Inventory	-	-	-	-	-
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	4.56M	2.12M	5.11M	5.04M	5.43M
Total Current Assets	44.98M	39.82M	48.3M	72.7M	69.18M
Gross Property Plant And Equipment	-	1.65M	1.84M	1.92M	1.94M
Accumulated Depreciation	-	-1.23M	-1.29M	-1.44M	-1.51M
Net Property Plant And Equipment	530K	424K	555K	485K	432K
Long-term Investments	5.14M	5.59M	5.51M	6.91M	6.89M
Goodwill	10.81M	8.46M	6.8M	22.54M	28.16M
Other Intangibles, Total	3.74M	3.48M	4.05M	5.33M	6.12M
Loans Receivable Long-Term	5.5M	5.66M	6.56M	940K	11.33M
Deferred Tax Assets Long-Term	44.39K	44K	44.39K	44.39K	44.39K
Other Long-Term Assets, Total	205K	190K	438K	215K	357K
Total Assets	70.95M	63.66M	72.26M	109M	123M
Liabilities
Accounts Payable, Total	28.47M	29.1M	36.14M	47.16M	55.71M
Accrued Expenses, Total	3.97M	707K	2.17M	1.85M	1.64M
Current Portion of Long-Term Debt	74K	200K	-	-	-
Current Income Taxes Payable	370K	230K	147K	939K	1.54M
Other Current Liabilities	-	-	-	-	-
Total Current Liabilities	32.88M	30.23M	38.46M	49.95M	58.89M
Long-Term Debt	6.91M	8.92M	10.4M	27.35M	31.06M
Pension & Other Post Retirement Benefits	553K	-	28.92K	179K	179K
Deferred Tax Liability Non Current	274K	595K	924K	1.28M	1.43M
Other Non Current Liabilities	8.16M	1.48M	992K	4.48M	4.98M
Total Liabilities	48.79M	41.23M	50.81M	83.24M	96.55M
Common Stock, Total	2.22M	2.22M	2.33M	2.33M	2.34M
Retained Earnings	8.43M	8.72M	7.5M	8.53M	8.28M
Treasury Stock	-2.31K	-3K	-13.03K	-	-
Comprehensive Income and Other	11.29M	11.21M	10.84M	11.55M	11.75M
Total Common Equity	21.93M	22.14M	20.66M	22.42M	22.37M
Minority Interest	238K	293K	791K	3.5M	3.6M
Total Equity	22.16M	22.43M	21.45M	25.92M	25.96M
Total Liabilities And Equity	70.95M	63.66M	72.26M	109M	123M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.21M	2.21M	2.32M	2.33M	-
ECS Total Common Shares Outstanding	2.21M	2.21M	2.32M	2.33M	-
Book Value / Share	9.9	10	8.92	9.61	-
Tangible Book Value	7.37M	10.2M	9.81M	-5.45M	-11.91M
Tangible Book Value Per Share	3.33	4.61	4.23	-2.34	-
Total Debt	6.99M	9.12M	10.4M	27.35M	31.06M
Net Debt	2.1M	2.71M	6.15M	11.33M	24.54M
Debt Equivalent of Unfunded Proj. Benefit Obligation	553K	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	238K	293K	791K	3.5M	3.6M
Equity Method Investments, Total	488K	5.59M	3.64M	4.78M	3.96M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Finished Goods, Total	-	-	-	-	-
Machinery, Total	-	1.65M	1.84M	1.92M	1.94M
Full Time Employees	287	300	332	359	349

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	8.4M	851K	-607K	3.43M	1.94M
Depreciation & Amortization - CF	231K	190K	150K	168K	168K
Amortization of Goodwill and Intangible Assets - (CF)	3.25M	2.68M	2.51M	3.33M	4.95M
Depreciation & Amortization, Total	3.48M	2.88M	2.66M	3.5M	5.12M
Amortization of Deferred Charges, Total - (CF)	501K	632K	910K	1.09M	1.42M
(Gain) Loss From Sale Of Asset	61K	1.08M	109K	9K	-
(Gain) Loss on Sale of Investments - (CF)	270K	-816K	-	-	40K
Asset Writedown & Restructuring Costs	253	-1K	462	144K	436
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Other Operating Activities, Total	-22.7M	825K	1.37M	-3.36M	370K
Change In Accounts Receivable	-	-	-	-	-
Change In Inventories	-1.72M	6.85M	-11.33M	-17.24M	-2.88M
Change In Accounts Payable	-	-	9.91M	5.86M	-
Change in Other Net Operating Assets	-6.06M	-9.23M	-1.52M	2.42M	8.38M
Cash from Operations	-17.77M	3.07M	1.5M	-4.16M	14.39M
Capital Expenditure	-948K	-108K	-281K	-78K	-155K
Sale of Property, Plant, and Equipment	-	-	-	72K	-
Cash Acquisitions	-2.08M	-	113K	-10.4M	-11.09M
Sale (Purchase) of Intangible assets	-116K	-1.75M	-2.45M	-2.94M	-905K
Investment in Marketable and Equity Securities, Total	-9.3M	-760K	-1.19M	-253K	-1.1M
Other Investing Activities, Total	229K	2K	203K	318K	708K
Cash from Investing	-12.22M	-2.62M	-3.61M	-13.28M	-12.55M
Long-Term Debt Issued, Total	25.62M	3.9M	2.8M	22.14M	7.5M
Total Debt Issued	25.62M	3.9M	2.8M	22.14M	7.5M
Long-Term Debt Repaid, Total	-1.38M	-1.75M	-1.68M	-3.93M	-3.79M
Total Debt Repaid	-1.38M	-1.75M	-1.68M	-3.93M	-3.79M
Issuance of Common Stock	-	-	-	713K	198K
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-1.74M	-1.09M	-1.19M	-1.67M	-3.25M
Cash from Financing	22.5M	1.07M	-68K	17.25M	657K
Net Change in Cash	-7.49M	1.52M	-2.18M	-182K	2.49M
Supplemental Items
Cash Interest Paid	1.32M	452K	545K	925K	2.14M
Cash Income Tax Paid (Refund)	861K	464K	581K	1.09M	1.48M
Levered Free Cash Flow	17.67M	5.74M	-1.35M	1.96M	10.65M
Unlevered Free Cash Flow	19.28M	6.02M	-991K	2.52M	11.99M
Change In Net Working Capital	-9.11M	-1.75M	2.67M	1.14M	-2.96M
Net Debt Issued / Repaid	24.24M	2.15M	1.12M	18.2M	3.71M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	9.91	3.97	1.25	2.3	3.07
Return on Total Capital	21.04	8.66	2.68	4.9	6.44
Return On Equity %	48.48	3.95	-1.21	10.99	5.43
Return on Common Equity	46.83	3.86	-2.84	15.91	8.67
Margin Analysis
Gross Profit Margin %	9.91	8.78	9	9.67	9.65
EBITDA Margin %	7.81	3.98	2.06	2.86	3.89
EBITA Margin %	7.69	3.88	1.99	2.79	3.83
EBIT Margin %	6	2.37	0.7	1.39	2.05
Income From Continuing Operations Margin %	4.52	0.5	-0.14	1.09	0.51
Net Income Margin %	4.35	0.48	-0.31	1.43	0.7
Net Avail. For Common Margin %	4.35	0.48	-0.31	1.43	0.7
Normalized Net Income Margin	2.89	1.13	0.06	1.3	1.05
Levered Free Cash Flow Margin	9.14	3.23	-0.69	0.82	3.83
Unlevered Free Cash Flow Margin	9.98	3.39	-0.51	1.05	4.32
Asset Turnover
Asset Turnover	2.64	2.69	2.86	2.64	2.4
Fixed Assets Turnover	315.67	372.84	397.38	460.14	605.3
Receivables Turnover (Average Receivables)	6.08	5.49	5.54	5.28	5.1
Inventory Turnover (Average Inventory)	-	-	-	-	-
Short Term Liquidity
Current Ratio	1.37	1.32	1.26	1.46	1.17
Quick Ratio	1.23	1.25	1.12	1.35	1.08
Operating Cash Flow to Current Liabilities	-0.54	0.1	0.04	-0.08	0.24
Days Sales Outstanding (Average Receivables)	60.07	66.46	65.85	69.26	71.55
Days Outstanding Inventory (Average Inventory)	-	-	-	-	-
Average Days Payable Outstanding	-	64.64	67.23	70.51	74.82
Cash Conversion Cycle (Average Days)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	31.53	40.65	48.47	105.53	119.63
Total Debt / Total Capital	23.97	28.9	32.64	51.35	54.47
LT Debt/Equity	31.2	39.76	48.47	105.53	119.63
Long-Term Debt / Total Capital	23.72	28.27	32.64	51.35	54.47
Total Liabilities / Total Assets	68.76	64.76	70.31	76.25	78.81
EBIT / Interest Expense	4.5	9.15	2.38	3.68	2.65
EBITDA / Interest Expense	5.85	15.4	7.03	7.55	5.04
(EBITDA - Capex) / Interest Expense	5.48	15.16	6.53	7.47	4.97
Total Debt / EBITDA	0.46	1.29	2.59	4	2.88
Net Debt / EBITDA	0.14	0.38	1.53	1.66	2.27
Total Debt / (EBITDA - Capex)	0.49	1.31	2.79	4.05	2.92
Net Debt / (EBITDA - Capex)	0.15	0.39	1.65	1.68	2.31
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	33.46	-7.97	9.43	22.97	16.03
Gross Profit, 1 Yr. Growth %	52.57	-18.39	12.17	32.06	15.78
EBITDA, 1 Yr. Growth %	280.06	-54.58	-31.31	38.81	33.82
EBITA, 1 Yr. Growth %	824.87	-40.63	-31.65	391.29	218.38
EBIT, 1 Yr. Growth %	622.31	-63.76	-54.28	145.68	70.25
Earnings From Cont. Operations, 1 Yr. Growth %	29K	-89.92	-129.69	-1.08K	-45.89
Net Income, 1 Yr. Growth %	-55.4K	-89.87	-170.41	-664.16	-43.34
Normalized Net Income, 1 Yr. Growth %	1.75K	-64.16	-90.15	2.46K	-6.88
Diluted EPS Before Extra, 1 Yr. Growth %	-55.45K	-89.87	-167.3	-660.12	-
Accounts Receivable, 1 Yr. Growth %	26.53	-6.57	24.47	32.61	10.85
Inventory, 1 Yr. Growth %	-	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	-23.75	-20	30.83	-12.63	-10.84
Total Assets, 1 Yr. Growth %	-5.87	-7.3	13.5	51.08	12.23
Tangible Book Value, 1 Yr. Growth %	-329.29	38.33	-3.82	-155.61	118.3
Common Equity, 1 Yr. Growth %	57.2	0.98	-6.69	8.52	-0.24
Cash From Operations, 1 Yr. Growth %	-440.74	-117.27	-51.08	-376.63	-446.26
Capital Expenditures, 1 Yr. Growth %	426.67	36.71	160.19	-72.24	98.72
Levered Free Cash Flow, 1 Yr. Growth %	125K	-71.08	-124.9	-258.45	406.12
Unlevered Free Cash Flow, 1 Yr. Growth %	2.78K	-71.91	-117.38	-387.39	349.04
Dividend Per Share, 1 Yr. Growth %	56.25	0	0	40	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	30.36	10.83	0.36	16	19.45
Gross Profit, 2 Yr. CAGR %	29.88	11.58	-4.33	21.71	23.66
EBITDA, 2 Yr. CAGR %	129.33	33.58	-49.26	8.15	48.11
EBITA, 2 Yr. CAGR %	397.45	107.15	-42.3	8.6	179.92
EBIT, 2 Yr. CAGR %	339.62	61.84	-65.81	5.98	104.69
Earnings From Cont. Operations, 2 Yr. CAGR %	381.6	441.59	-82.58	70.69	130.43
Net Income, 2 Yr. CAGR %	460.15	648.47	-73.11	99.3	78.78
Normalized Net Income, 2 Yr. CAGR %	323.56	157.68	-85.29	58.91	390.13
Diluted EPS Before Extra, 2 Yr. CAGR %	-	648.85	-73.71	94.16	-
Accounts Receivable, 2 Yr. CAGR %	25.24	5.55	7.84	28.47	21.24
Inventory, 2 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-14.55	-21.87	2.35	6.92	-11.74
Total Assets, 2 Yr. CAGR %	12.3	-8.09	2.57	30.95	30.21
Tangible Book Value, 2 Yr. CAGR %	921.9	78.09	15.35	-26.86	10.18
Common Equity, 2 Yr. CAGR %	42.08	25.99	-2.93	0.63	4.05
Cash From Operations, 2 Yr. CAGR %	35.51	-23.28	-70.93	16.34	209.49
Capital Expenditures, 2 Yr. CAGR %	57.95	-22.54	88.6	-15.02	-25.73
Levered Free Cash Flow, 2 Yr. CAGR %	18.96	1.91K	-73.93	-39.89	193.69
Unlevered Free Cash Flow, 2 Yr. CAGR %	27.41	200.15	-78.51	-33.49	269.61
Dividend Per Share, 2 Yr. CAGR %	-	25	0	18.32	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	27.26	16.07	10.36	7.39	16.01
Gross Profit, 3 Yr. CAGR %	32.24	11.24	11.77	6.53	19.7
EBITDA, 3 Yr. CAGR %	118.4	35.16	0.37	-24.04	22.73
EBITA, 3 Yr. CAGR %	151.03	125.59	33.99	-16.87	23.44
EBIT, 3 Yr. CAGR %	382.94	91.37	-5.46	-34.02	24.19
Earnings From Cont. Operations, 3 Yr. CAGR %	129.94	32.72	106.69	-33.23	16.39
Net Income, 3 Yr. CAGR %	130.05	47.03	241.96	-25.83	31.05
Normalized Net Income, 3 Yr. CAGR %	212.59	85.95	-26.25	-17.82	33.25
Diluted EPS Before Extra, 3 Yr. CAGR %	126.41	-	236.97	-27.12	-
Accounts Receivable, 3 Yr. CAGR %	30.38	11.36	11.51	15.53	22.31
Net Property, Plant and Equip., 3 Yr. CAGR %	-5.77	-16.39	-7.2	-2.91	0.63
Total Assets, 3 Yr. CAGR %	19.67	4.21	-1.4	16.7	24.38
Tangible Book Value, 3 Yr. CAGR %	209.37	424.69	45.03	-9.55	5.3
Common Equity, 3 Yr. CAGR %	23.96	26.79	13.99	0.75	0.34
Cash From Operations, 3 Yr. CAGR %	59.01	-31.8	-33.96	-38.4	67.34
Capital Expenditures, 3 Yr. CAGR %	-	-34.25	16.01	-0.42	12.8
Levered Free Cash Flow, 3 Yr. CAGR %	5.95	-22.83	356.85	-53.8	25.3
Unlevered Free Cash Flow, 3 Yr. CAGR %	9.37	-20.25	14	-51.01	28.12
Dividend Per Share, 3 Yr. CAGR %	18.56	-	16.04	11.87	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	22.47	15.64	15.73	16.05	13.91
Gross Profit, 5 Yr. CAGR %	28.31	15.75	16.18	15.31	16.38
EBITDA, 5 Yr. CAGR %	55.36	24.3	22.62	18.97	22.17
EBITA, 5 Yr. CAGR %	68.84	32.51	32.7	61.85	45.94
EBIT, 5 Yr. CAGR %	60.7	24.24	67.48	40.9	28.77
Earnings From Cont. Operations, 5 Yr. CAGR %	60.01	-7.02	-18.08	47.18	115.88
Net Income, 5 Yr. CAGR %	67.65	-2.22	-2.52	66.51	163.82
Normalized Net Income, 5 Yr. CAGR %	59.98	21.03	-7.94	58.35	57.31
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-10.21	-4.31	-	-
Accounts Receivable, 5 Yr. CAGR %	20.67	15.39	19.42	17.91	15.31
Net Property, Plant and Equip., 5 Yr. CAGR %	29.12	-1.53	-2.59	-7.73	-9.04
Total Assets, 5 Yr. CAGR %	26.58	19.65	11.78	14.18	10.2
Tangible Book Value, 5 Yr. CAGR %	35.46	30.79	108.49	138.56	29.93
Common Equity, 5 Yr. CAGR %	39.34	35.02	12.41	15.6	9.91
Cash From Operations, 5 Yr. CAGR %	68.54	14.41	-19.42	-15.56	22.5
Capital Expenditures, 5 Yr. CAGR %	68.77	-23.57	-	-27.14	-2.95
Levered Free Cash Flow, 5 Yr. CAGR %	-	8.64	-38.12	-30.98	276.16
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	9.45	-41.72	-26.65	78.11
Dividend Per Share, 5 Yr. CAGR %	-	4.56	10.76	-	-