Income Statement Primcom SA

Stocks

PRIB

ROPRIBACNOR1

Real Estate Development & Operations

End-of-day quote Bucharest S.E. 2025-10-06			5-day change	1st Jan Change
3.500 ^RON	-65.69%		-.--%	-

04-22	Primcom SA Reports Earnings Results for the Full Year Ended December 31, 2025	CI
25-04-29	Primcom SA Reports Earnings Results for the Full Year Ended December 31, 2024	CI

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Published financial data: PRIMCOM SA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (RON)	2022 (RON)	2023 (RON)	2024 (RON)	2025 (RON)
Other Revenues, Total	318K	376K	188K	223K	232K
Total Revenues	318K	376K	188K	223K	232K
Property Expenses	122K	200K	147K	47.53K	30.14K
Selling General & Admin Expenses, Total	-	-	35.36K	33K	33.6K
Depreciation & Amortization - (IS) - (Collected)	915K	308K	272K	256K	250K
Other Operating Expenses	-3.35M	-2.15M	-599K	362K	390K
Total Operating Expenses	-2.31M	-1.65M	-144K	698K	704K
Operating Income (REIT / Utility Template)	2.63M	2.02M	332K	-475K	-472K
Interest and Investment Income	7	22.51K	8.42K	2.37K	1.32K
Net Interest Expenses	7	22.51K	8.42K	2.37K	1.32K
Other Non Operating Income (Expenses)	-	-	1.7K	-	-
EBT, Excl. Unusual Items	2.63M	2.04M	342K	-473K	-471K
EBT, Incl. Unusual Items	2.63M	2.04M	342K	-473K	-471K
Income Tax Expense	-	-	-	-	-
Earnings From Continuing Operations	2.63M	2.04M	342K	-473K	-471K
Net Income to Company	2.63M	2.04M	342K	-473K	-471K
Net Income - (IS)	2.63M	2.04M	342K	-473K	-471K
Net Income to Common Incl Extra Items	2.63M	2.04M	342K	-473K	-471K
Net Income to Common Excl. Extra Items	2.63M	2.04M	342K	-473K	-471K
Per Share Items
Net EPS - Basic	1.96	1.53	0.28	-0.39	-0.38
Basic EPS - Continuing Operations	1.96	1.53	0.28	-0.39	-0.38
Basic Weighted Average Shares Outstanding	1.34M	1.34M	1.22M	1.22M	1.22M
Net EPS - Diluted	1.96	1.53	0.28	-0.39	-0.38
Diluted EPS - Continuing Operations	1.96	1.53	0.28	-0.39	-0.38
Diluted Weighted Average Shares Outstanding	1.34M	1.34M	1.22M	1.22M	1.22M
Normalized Basic EPS	1.23	0.95	0.17	-0.24	-0.24
Normalized Diluted EPS	1.23	0.95	0.17	-0.24	-0.24
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	3.54M	2.33M	604K	-219K	-222K
EBITA	2.63M	2.02M	332K	-475K	-472K
EBIT	2.63M	2.02M	332K	-475K	-472K
EBITDAR	-	-	640K	-186K	-188K
Total Revenues (As Reported)	4.32M	3.93M	1.35M	1.13M	347K
Effective Tax Rate - (Ratio)	-	-	-	-	-
Total Current Taxes	-	-	-	-	-
Normalized Net Income	1.64M	1.28M	214K	-295K	-294K
Supplemental Operating Expense Items
Net Rental Expense, Total	-	-	35.36K	33K	33.6K
Maintenance & Repair Expenses, Total	165	1.9K	1.65K	1.65K	-

Fiscal Period: December	2021 (RON)	2022 (RON)	2023 (RON)	2024 (RON)	2025 (RON)
Assets
Gross Property Plant And Equipment	11.71M	9.88M	9.71M	8.86M	8.81M
Accumulated Depreciation	-2.94M	-2.22M	-1.82M	-1.97M	-2.22M
Net Property Plant And Equipment	8.76M	7.66M	7.89M	6.89M	6.58M
Total Real Estate Assets	8.76M	7.66M	7.89M	6.89M	6.58M
Cash And Equivalents	42.15K	67.4K	18.96K	151K	83.84K
Accounts Receivable, Total	34.19K	17.47K	15.81K	2.01K	1.93K
Other Receivables	40.66K	54.8K	40.1K	39.76K	39.42K
Investment In Debt and Equity Securities	-	2.49M	-	-	-
Goodwill	-	-	-	-	-
Other Intangibles, Total	0	0	0	-	-
Other Current Assets, Total	956	1.34K	519	466	567
Other Long-Term Assets, Total	7.65K	999K	8.02K	3.79K	3.79K
Total Assets	8.89M	11.29M	7.98M	7.09M	6.71M
Liabilities
Current Portion of Long-Term Debt	38.33K	43.69K	12.89K	18.32K	13.6K
Short-Term Borrowings	-	-	-	-	100K
Long-Term Debt	32.06K	-	8.9K	3.44K	8.16K
Accounts Payable, Total	102K	82.04K	108K	-	-
Accrued Expenses, Total	22.22K	417K	20.04K	18.88K	21.45K
Current Income Taxes Payable	197	27.45K	344	8.28K	-
Unearned Revenue, Current	26.3K	271K	26.3K	26.3K	26.3K
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	1.35M	1.09M	1.41M	1.09M	1.09M
Unearned Revenue Non Current	-	-	-	-	3.11K
Total Liabilities	1.57M	1.93M	1.58M	1.17M	1.26M
Common Stock, Total	145K	134K	122K	122K	122K
Additional Paid In Capital	11.69M	11.69M	11.69M	11.69M	11.69M
Retained Earnings	10.1M	12.74M	13.15M	13.39M	13M
Treasury Stock	-11.2K	-	-	-	-
Comprehensive Income and Other	-14.62M	-15.2M	-18.57M	-19.28M	-19.36M
Total Common Equity	7.31M	9.36M	6.39M	5.92M	5.45M
Total Equity	7.31M	9.36M	6.39M	5.92M	5.45M
Total Liabilities And Equity	8.89M	11.29M	7.98M	7.09M	6.71M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.34M	1.34M	1.22M	1.22M	1.22M
ECS Total Common Shares Outstanding	1.34M	1.34M	1.22M	1.22M	1.22M
Book Value / Share	5.46	6.99	5.22	4.84	4.45
Tangible Book Value	7.31M	9.36M	6.39M	5.92M	5.45M
Tangible Book Value Per Share	5.46	6.99	5.22	4.84	4.45
Total Debt	70.39K	43.69K	21.79K	21.76K	122K
Net Debt	28.24K	-23.71K	2.83K	-129K	37.91K
Debt Equivalent Oper. Leases	-	-	283K	264K	269K
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Others	-	-	-	-	-
Land - (BS)	6.56M	6.2M	6.18M	5.44M	5.38M
Buildings, Total	1.75M	1.69M	1.69M	1.6M	1.6M
Machinery, Total	720K	555K	913K	829K	829K
Full Time Employees	5	5	5	5	5
Accumulated Allowance for Doubtful Accounts (Supple)	616K	616K	616K	600K	600K

Fiscal Period: December	2021 (RON)	2022 (RON)	2023 (RON)	2024 (RON)	2025 (RON)
Net Income	2.63M	2.04M	342K	-473K	-471K
Depreciation, Depletion & Amortization	915K	308K	272K	256K	250K
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Total Depreciation, Depletion & Amortization	915K	308K	272K	256K	250K
Amortization of Deferred Charges, Total	-	-	-	-	-
Other Operating Activities	-2.92M	-3.68M	-388K	-268K	-12.95K
Cash from Operations	627K	-1.33M	226K	-485K	-234K
Acquisition of Real Estate Assets, Total	-	-58.81K	-612K	-	-
Sale of Real Estate Assets, Total	2.35M	4.15M	817K	928K	65.48K
Net Sale / Acquisition of Real Estate Assets	2.35M	4.09M	205K	928K	65.48K
Other Investing Activities, Total	7	-2.48M	2.51M	2.37K	1.32K
Cash from Investing	2.35M	1.61M	2.72M	930K	66.79K
Long-Term Debt Issued, Total	260K	60K	653K	50K	100K
Total Debt Issued	260K	60K	653K	50K	100K
Long-Term Debt Repaid, Total	-	-320K	-339K	-364K	-
Total Debt Repaid	-	-320K	-339K	-364K	-
Repurchase of Common Stock	-3.25M	-	-3.31M	-	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-2.99M	-260K	-2.99M	-314K	100K
Miscellaneous Cash Flow Adjustments	1	-1	-	1	-1
Net Change in Cash	-14.67K	25.25K	-48.44K	132K	-66.9K
Supplemental Items
Cash Income Tax Paid (Refund)	50.95K	13.58K	40.81K	44.99K	-
Net Debt Issued / Repaid	260K	-260K	314K	-314K	100K
Levered Free Cash Flow	1.07M	1.9M	-444K	-442K	-51.48K
Unlevered Free Cash Flow	1.07M	1.9M	-444K	-442K	-51.48K
Change In Net Working Capital	1.49M	-388K	312K	401K	6.54K

Fiscal Period: December	2021 (RON)	2022 (RON)	2023 (RON)	2024 (RON)	2025 (RON)
Profitability
Return on Assets	16.51	12.52	2.15	-3.94	-4.28
Return on Total Capital	21.36	15.06	2.62	-4.81	-5.13
Return On Equity %	34.48	24.53	4.35	-7.68	-8.28
Return on Common Equity	34.48	24.53	4.35	-7.68	-8.28
Margin Analysis
Gross Profit Margin %	61.72	46.73	21.88	78.71	87.01
SG&A Margin	90.27	48.58	115.72	95.68	92.34
EBITDA Margin %	1.12K	619.95	320.84	-98.02	-95.71
EBITA Margin %	827.18	538.03	176.29	-212.83	-203.58
EBIT Margin %	827.18	538.03	176.29	-212.83	-203.58
Income From Continuing Operations Margin %	827.18	544.02	181.67	-211.77	-203.01
Net Income Margin %	827.18	544.02	181.67	-211.77	-203.01
Net Avail. For Common Margin %	827.18	544.02	181.67	-211.77	-203.01
Normalized Net Income Margin	516.99	340.02	113.54	-132.35	-126.88
Levered Free Cash Flow Margin	336.24	505.92	-235.54	-197.9	-22.19
Unlevered Free Cash Flow Margin	336.24	505.92	-235.54	-197.9	-22.19
Asset Turnover
Asset Turnover	0.03	0.04	0.02	0.03	0.03
Fixed Assets Turnover	0.04	0.05	0.02	0.03	0.03
Short Term Liquidity
Current Ratio	0.08	0.07	0.05	0.17	0.1
Quick Ratio	0.08	0.07	0.05	0.17	0.1
Operating Cash Flow to Current Liabilities	0.41	-0.69	0.14	-0.42	-0.19
Average Days Payable Outstanding	290.82	167.73	235.74	-	-
Long Term Solvency
Total Debt/Equity	0.96	0.47	0.34	0.37	2.23
Total Debt / Total Capital	0.95	0.46	0.34	0.37	2.19
LT Debt/Equity	0.44	-	0.14	0.06	0.15
Long-Term Debt / Total Capital	0.43	-	0.14	0.06	0.15
Total Liabilities / Total Assets	17.71	17.12	19.84	16.47	18.83
Total Debt / EBITDA	0.02	0.02	0.04	-0.1	-0.55
Net Debt / EBITDA	0.01	-0.01	0	0.59	-0.17
Total Debt / (EBITDA - Capex)	0.02	0.02	-2.95	-0.1	-0.55
Net Debt / (EBITDA - Capex)	0.01	-0.01	-0.38	0.59	-0.17
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-53.73	18.26	-49.86	18.5	3.92
Gross Profit, 1 Yr. Growth %	-62.49	-10.46	-76.53	326.29	14.87
EBITDA, 1 Yr. Growth %	525.31	-34.25	-74.05	-136.2	1.47
EBITA, 1 Yr. Growth %	-780.64	-23.08	-83.57	-243.06	-0.6
EBIT, 1 Yr. Growth %	-780.64	-23.08	-83.57	-243.06	-0.6
Earnings From Cont. Operations, 1 Yr. Growth %	-780.81	-22.22	-83.26	-238.13	-0.38
Net Income, 1 Yr. Growth %	-780.81	-22.22	-83.26	-238.13	-0.38
Diluted EPS Before Extra, 1 Yr. Growth %	-837.78	-22.22	-81.7	-238.13	-0.38
Normalized Net Income, 1 Yr. Growth %	-780.81	-22.22	-83.26	-238.13	-0.38
Net Property, Plant and Equip., 1 Yr. Growth %	-6.36	-12.56	3.03	-12.69	-4.45
Accounts Receivable, 1 Yr. Growth %	-42.31	-48.9	-9.5	-87.29	-4.03
Total Assets, 1 Yr. Growth %	-19.31	27.05	-29.36	-11.14	-5.27
Common Equity, 1 Yr. Growth %	-7.81	27.95	-31.67	-7.39	-7.95
Tangible Book Value, 1 Yr. Growth %	-1.4	27.95	-31.67	-7.39	-7.95
Cash From Operations, 1 Yr. Growth %	-148.62	-311.39	-117.08	-314.15	-51.81
Capital Expenditures, 1 Yr. Growth %	-	-	940.41	-	-
Levered Free Cash Flow, 1 Yr. Growth %	78.91	77.94	-123.34	-0.44	-88.32
Unlevered Free Cash Flow, 1 Yr. Growth %	78.91	77.94	-123.34	-0.44	-88.32
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-44.54	-26.02	-23	-22.92	10.97
Gross Profit, 2 Yr. CAGR %	-51.74	-42.05	-54.15	0.03	121.29
EBITDA, 2 Yr. CAGR %	249.51	102.77	-58.69	-69.35	-39.39
EBITA, 2 Yr. CAGR %	94.83	128.82	-64.45	-51.52	19.25
EBIT, 2 Yr. CAGR %	94.83	128.82	-64.45	-51.52	19.25
Earnings From Cont. Operations, 2 Yr. CAGR %	90.56	130.12	-63.91	-51.91	17.31
Net Income, 2 Yr. CAGR %	90.56	130.12	-63.91	-51.91	17.31
Diluted EPS Before Extra, 2 Yr. CAGR %	103.1	139.55	-62.27	-49.72	17.31
Normalized Net Income, 2 Yr. CAGR %	94.87	130.12	-63.91	-51.91	17.31
Net Property, Plant and Equip., 2 Yr. CAGR %	-7.63	-9.52	-5.09	-5.15	-8.66
Inventory, 2 Yr. CAGR %	-	-	-	-	-
Accounts Receivable, 2 Yr. CAGR %	-19.5	-45.71	-32	-66.08	-65.07
Total Assets, 2 Yr. CAGR %	-12.38	1.25	-5.26	-20.77	-8.25
Common Equity, 2 Yr. CAGR %	-6.24	8.61	-6.5	-20.45	-7.68
Tangible Book Value, 2 Yr. CAGR %	0.18	12.32	-6.5	-20.45	-7.68
Cash From Operations, 2 Yr. CAGR %	48.9	1.38	-39.91	-39.52	1.59
Levered Free Cash Flow, 2 Yr. CAGR %	-25.68	78.42	-35.55	-51.79	-65.94
Unlevered Free Cash Flow, 2 Yr. CAGR %	-25.68	78.42	-35.55	-51.79	-65.94
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-31.66	-28.61	-35.02	-11.1	-14.85
Gross Profit, 3 Yr. CAGR %	-38.3	-40.69	-57.12	-3.59	4.75
EBITDA, 3 Yr. CAGR %	10.81	100.27	2.18	-60.47	-54.32
EBITA, 3 Yr. CAGR %	29.16	42.93	-4.9	-43.46	-38.41
EBIT, 3 Yr. CAGR %	29.16	42.93	-4.9	-43.46	-38.41
Earnings From Cont. Operations, 3 Yr. CAGR %	58.26	41.35	-3.93	-43.55	-38.7
Net Income, 3 Yr. CAGR %	58.26	41.35	-3.93	-43.55	-38.7
Diluted EPS Before Extra, 3 Yr. CAGR %	65.13	47.49	1.65	-41.85	-36.85
Normalized Net Income, 3 Yr. CAGR %	29.12	43.48	-3.93	-43.55	-38.7
Net Property, Plant and Equip., 3 Yr. CAGR %	-6.12	-9.3	-5.51	-7.69	-4.92
Accounts Receivable, 3 Yr. CAGR %	-25.15	-30.82	-35.63	-61.12	-52.02
Total Assets, 3 Yr. CAGR %	-11.36	-0.83	-10.2	-7.26	-15.91
Common Equity, 3 Yr. CAGR %	-12.94	4	-6.94	-6.8	-16.49
Tangible Book Value, 3 Yr. CAGR %	-8.46	8.69	-4.83	-6.8	-16.49
Cash From Operations, 3 Yr. CAGR %	-9.53	67.35	-44.01	-8.22	-43.93
Capital Expenditures, 3 Yr. CAGR %	-	-35.86	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	5.11	-0.57	-9.42	-25.5	-69.97
Unlevered Free Cash Flow, 3 Yr. CAGR %	5.11	-0.57	-9.42	-25.5	-69.97
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-10.7	-12.46	-28.32	-26.39	-19.51
Gross Profit, 5 Yr. CAGR %	-15.39	-22.69	-45.21	-26.9	-17.33
EBITDA, 5 Yr. CAGR %	92.22	114.09	-25.33	-5.48	-17.08
EBITA, 5 Yr. CAGR %	26.54	14.91	-22.91	-7.25	4.11
EBIT, 5 Yr. CAGR %	26.54	14.91	-22.91	-7.25	4.11
Earnings From Cont. Operations, 5 Yr. CAGR %	21.77	8	-12.39	-8.17	4.06
Net Income, 5 Yr. CAGR %	21.77	8	-12.39	-8.17	4.06
Diluted EPS Before Extra, 5 Yr. CAGR %	27.58	13.15	-8.51	-4.1	7.64
Normalized Net Income, 5 Yr. CAGR %	26.64	15.25	-22.46	-7.34	4.06
Net Property, Plant and Equip., 5 Yr. CAGR %	-9.59	-8.88	-5.71	-7.67	-6.78
Inventory, 5 Yr. CAGR %	-	-	-	-	-
Accounts Receivable, 5 Yr. CAGR %	-4.03	-20.46	-27.97	-47.98	-49.59
Total Assets, 5 Yr. CAGR %	-13.21	-8.13	-8.97	-9.35	-9.42
Common Equity, 5 Yr. CAGR %	-14.23	-8.22	-10.42	-6.57	-7.23
Tangible Book Value, 5 Yr. CAGR %	-11.11	-5.33	-7.68	-4.07	-5.98
Cash From Operations, 5 Yr. CAGR %	-6.03	25.01	-23.19	11.38	-28.94
Capital Expenditures, 5 Yr. CAGR %	-	-15.61	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	128.68	12.99	-13.57	-25.57	-38.75
Unlevered Free Cash Flow, 5 Yr. CAGR %	128.68	12.99	-13.57	-25.57	-38.75