Income Statement Primex Corporation

Stocks

PRMX

PHY708151162

Real Estate Development & Operations

Market Closed - Philippines S.E. Other stock markets 01:09:17 2026-07-23 EDT			5-day change	1st Jan Change
0.9800 ^PHP	0.00%		0.00%	-23.44%

06-11	Primex Corporation Announces Board and Executive Changes	CI
05-15	Primex Corporation Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: PRIMEX CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	72.91M	148M	254M	502M	167M
Other Revenues, Total	14.05M	-	10.7M	12.97M	5.68M
Total Revenues	86.96M	148M	265M	515M	173M
Cost of Goods Sold, Total	18.24M	46.28M	62.25M	101M	11.21M
Gross Profit	68.73M	101M	203M	414M	162M
Selling General & Admin Expenses, Total	57.8M	64.07M	57.53M	91.6M	122M
Other Operating Expenses	-1.7M	-14.15M	-	-	-34.33M
Other Operating Expenses, Total	56.1M	49.92M	57.53M	91.6M	87.87M
Operating Income	12.62M	51.47M	145M	322M	73.99M
Interest Expense, Total	-9.65M	-8.02M	-19.47M	-132M	-63.85M
Interest And Investment Income	2.14M	1.39M	881K	16.2M	3.55M
Net Interest Expenses	-7.51M	-6.63M	-18.59M	-115M	-60.3M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	5.11M	44.84M	126M	207M	13.69M
EBT, Incl. Unusual Items	5.11M	44.84M	126M	207M	13.69M
Income Tax Expense	-7.37M	11.21M	31.64M	90.16M	4.89M
Earnings From Continuing Operations	12.49M	33.63M	94.8M	116M	8.8M
Net Income to Company	12.49M	33.63M	94.8M	116M	8.8M
Minority Interest	-	-	-	-	-
Net Income - (IS)	12.49M	33.63M	94.8M	116M	8.8M
Net Income to Common Incl Extra Items	12.49M	33.63M	94.8M	116M	8.8M
Net Income to Common Excl. Extra Items	12.49M	33.63M	94.8M	116M	8.8M
Per Share Items
Net EPS - Basic	0.01	0.01	0.04	0.05	0
Basic EPS - Continuing Operations	0.01	0.01	0.04	0.05	0
Basic Weighted Average Shares Outstanding	2.17B	2.34B	2.34B	2.34B	2.3B
Net EPS - Diluted	0.01	0.01	0.04	0.05	0
Diluted EPS - Continuing Operations	0.01	0.01	0.04	0.05	0
Diluted Weighted Average Shares Outstanding	2.17B	2.34B	2.34B	2.34B	2.3B
Normalized Basic EPS	0	0.01	0.03	0.06	0
Normalized Diluted EPS	0	0.01	0.03	0.06	0
Dividend Per Share	0	0.03	0	-	-
Payout Ratio	399.48	223.07	6.68	-	-
Supplemental Items
EBITDA	29.33M	67.93M	161M	350M	102M
EBITA	12.62M	51.47M	145M	322M	73.99M
EBIT	12.62M	51.47M	145M	322M	73.99M
EBITDAR	29.82M	68.78M	161M	351M	103M
Total Revenues (As Reported)	90.8M	163M	266M	531M	211M
Effective Tax Rate - (Ratio)	-144.25	25	25.03	43.64	35.71
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	-1.41M	8.07M	3.22M	40.06M	5.9M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-5.97M	3.14M	28.41M	50.08M	-1.02M
Normalized Net Income	3.2M	28.03M	79.02M	129M	8.56M
Interest Capitalized	38.58M	67.61M	101M	34.83M	121M
Interest on Long-Term Debt	48.23M	75.63M	19.47M	132M	63.85M
Non-Cash Pension Expense	336K	424K	668K	678K	736K
Supplemental Operating Expense Items
General and Administrative Expenses	57.31M	63.22M	57.06M	90.03M	121M
Net Rental Expense, Total	497K	851K	470K	1.57M	1.04M
Imputed Operating Lease Interest Expense	174K	278K	197K	834K	560K
Imputed Operating Lease Depreciation	322K	574K	273K	736K	477K
Maintenance & Repair Expenses, Total	572K	6.9M	12.81M	9.32M	1.42M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	67.02M	37.77M	28.58M	151M	70.69M
Total Cash And Short Term Investments	67.02M	37.77M	28.58M	151M	70.69M
Accounts Receivable, Total	47.07M	73.62M	49.62M	97.12M	51.06M
Other Receivables	-	-	-	-	-
Total Receivables	47.07M	73.62M	49.62M	97.12M	51.06M
Inventory	2.95B	3.04B	3.23B	2.88B	2.91B
Prepaid Expenses	42.82M	3.49M	3.68M	37.95M	37.43M
Other Current Assets, Total	214M	316M	329M	282M	17.96M
Total Current Assets	3.32B	3.47B	3.64B	3.44B	3.09B
Gross Property Plant And Equipment	76.36M	710M	868M	1.03B	1.39B
Accumulated Depreciation	-66.74M	-72.26M	-77.95M	-89.61M	-101M
Net Property Plant And Equipment	9.62M	637M	790M	945M	1.29B
Long-term Investments	228M	228M	228M	260M	260M
Accounts Receivable Long-Term	7.21M	5.62M	13.06M	77.86M	35.6M
Deferred Tax Assets Long-Term	1.22M	1.21M	2.28M	3.47M	3.65M
Other Long-Term Assets, Total	496M	481M	484M	611M	851M
Total Assets	4.07B	4.83B	5.16B	5.34B	5.53B
Liabilities
Accounts Payable, Total	62.39M	365M	345M	388M	403M
Accrued Expenses, Total	7.33M	1.93M	1.14M	1.1M	5.53M
Current Portion of Long-Term Debt	23.2M	448M	579M	362M	451M
Current Portion of Leases	4.12M	2.61M	3.33M	4.97M	5.68M
Current Income Taxes Payable	-	2.07M	-	-	-
Unearned Revenue Current, Total	27.52M	29.07M	28.28M	33.11M	17.7M
Other Current Liabilities	407M	165M	268M	173M	168M
Total Current Liabilities	532M	1.01B	1.23B	962M	1.05B
Long-Term Debt	1.45B	1.78B	1.77B	2.26B	2.38B
Long-Term Leases	2.61M	-	13.28M	13.83M	8.16M
Pension & Other Post Retirement Benefits	8.87M	9.62M	11.17M	12.05M	13.12M
Deferred Tax Liability Non Current	963K	4.07M	33.39M	41.46M	41.73M
Other Non Current Liabilities	9.25M	-	-	-	-
Total Liabilities	2B	2.81B	3.05B	3.29B	3.5B
Common Stock, Total	469M	469M	469M	469M	469M
Additional Paid In Capital	1.09B	1.09B	1.09B	1.09B	1.09B
Retained Earnings	470M	429M	517M	505M	509M
Treasury Stock	-	-	-	-49.8M	-69.8M
Comprehensive Income and Other	38.43M	38.36M	37.85M	36.79M	36.69M
Total Common Equity	2.06B	2.02B	2.11B	2.05B	2.03B
Minority Interest	-	-	-	-	-
Total Equity	2.06B	2.02B	2.11B	2.05B	2.03B
Total Liabilities And Equity	4.07B	4.83B	5.16B	5.34B	5.53B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.34B	2.34B	2.34B	2.32B	2.3B
ECS Total Common Shares Outstanding	2.34B	2.34B	2.34B	2.32B	2.3B
Book Value / Share	0.88	0.86	0.9	0.88	0.88
Tangible Book Value	2.06B	2.02B	2.11B	2.05B	2.03B
Tangible Book Value Per Share	0.88	0.86	0.9	0.88	0.88
Total Debt	1.48B	2.23B	2.36B	2.64B	2.85B
Net Debt	1.41B	2.19B	2.34B	2.49B	2.78B
Debt Equivalent of Unfunded Proj. Benefit Obligation	8.87M	9.62M	11.17M	12.05M	13.12M
Debt Equivalent Oper. Leases	3.97M	6.81M	3.76M	12.56M	8.29M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Equity Method Investments, Total	228M	228M	228M	260M	260M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	-	-	-	-	-
Inventories - Work In Process, Total	143M	804M	830M	685M	693M
Inventories - Finished Goods, Total	2.81B	2.24B	2.4B	2.19B	2.22B
Land - (BS)	-	-	-	39.27M	39.27M
Machinery, Total	49.83M	55.59M	55.65M	60.78M	63.85M
Full Time Employees	9	10	10	10	18
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	12.49M	33.63M	94.8M	116M	8.8M
Depreciation & Amortization - CF	20.69M	20.18M	19.93M	33.67M	33.61M
Depreciation & Amortization, Total	20.69M	20.18M	19.93M	33.67M	33.61M
(Income) Loss On Equity Investments - (CF)	-14.05M	-	-	-4.63M	-
Provision and Write-off of Bad Debts	-	-	-	6.37M	-
Other Operating Activities, Total	1.8M	13.88M	46.65M	189M	70.27M
Change In Accounts Receivable	2.44M	-24.95M	16.58M	-110M	82.97M
Change In Inventories	-935M	-620M	-90.79M	-5.87M	-36.39M
Change In Accounts Payable	-86.67M	49.1M	-36.25M	-37.41M	43.1M
Change in Other Net Operating Assets	-174M	-63.26M	-12.6M	-517K	3.57M
Cash from Operations	-1.17B	-591M	38.32M	187M	206M
Capital Expenditure	-246K	-5.76M	-128M	-86.15M	-235M
Sale (Purchase) of Real Estate properties	-	-	-8.93M	-1.57M	-977K
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	-	142K	-8.3M	3.33M	-582K
Cash from Investing	-246K	-5.62M	-146M	-84.4M	-236M
Long-Term Debt Issued, Total	795M	842M	480M	750M	645M
Total Debt Issued	795M	842M	480M	750M	645M
Long-Term Debt Repaid, Total	-27.8M	-83.85M	-362M	-476M	-442M
Total Debt Repaid	-27.8M	-83.85M	-362M	-476M	-442M
Issuance of Common Stock	500M	-	-	-	-
Repurchase of Common Stock	-	-	-	-49.8M	-20M
Common Dividends Paid	-49.88M	-75.02M	-6.33M	-	-
Common & Preferred Stock Dividends Paid	-49.88M	-75.02M	-6.33M	-	-
Other Financing Activities, Total	-6.83M	-116M	-13.66M	-203M	-233M
Cash from Financing	1.21B	567M	98.05M	20.31M	-49.93M
Net Change in Cash	37.82M	-29.25M	-9.19M	123M	-80.39M
Supplemental Items
Cash Interest Paid	35.06M	114M	151M	170M	189M
Cash Income Tax Paid (Refund)	1.2M	6M	5.31M	29.37M	4.76M
Levered Free Cash Flow	-1.16B	-77.4M	-130M	346M	78.78M
Unlevered Free Cash Flow	-1.16B	-72.38M	-118M	428M	119M
Change In Net Working Capital	1.18B	119M	101M	-279M	-274M
Net Debt Issued / Repaid	768M	758M	118M	274M	203M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	0.23	0.72	1.81	3.83	0.85
Return on Total Capital	0.27	0.83	2.08	4.39	0.97
Return On Equity %	0.68	1.65	4.59	5.6	0.43
Return on Common Equity	0.68	1.65	4.59	5.6	0.43
Margin Analysis
Gross Profit Margin %	79.03	68.66	76.49	80.36	93.52
SG&A Margin	66.47	43.39	21.72	17.8	70.61
EBITDA Margin %	33.72	46	60.78	67.97	59.11
EBITA Margin %	14.52	34.85	54.77	62.56	42.75
EBIT Margin %	14.52	34.85	54.77	62.56	42.75
Income From Continuing Operations Margin %	14.36	22.77	35.8	22.63	5.09
Net Income Margin %	14.36	22.77	35.8	22.63	5.09
Net Avail. For Common Margin %	14.36	22.77	35.8	22.63	5.09
Normalized Net Income Margin	3.67	18.98	29.84	25.09	4.94
Levered Free Cash Flow Margin	-1.34K	-52.41	-49.28	67.21	45.52
Unlevered Free Cash Flow Margin	-1.33K	-49.02	-44.68	83.18	68.58
Asset Turnover
Asset Turnover	0.02	0.03	0.05	0.1	0.03
Fixed Assets Turnover	6.95	0.46	0.37	0.59	0.15
Receivables Turnover (Average Receivables)	1.54	2.45	4.12	6.68	2.26
Inventory Turnover (Average Inventory)	0.01	0.02	0.02	0.03	0
Short Term Liquidity
Current Ratio	6.26	3.42	2.97	3.58	2.94
Quick Ratio	0.21	0.11	0.06	0.26	0.12
Operating Cash Flow to Current Liabilities	-2.21	-0.58	0.03	0.19	0.2
Days Sales Outstanding (Average Receivables)	236.31	149.15	88.51	54.77	161.55
Days Outstanding Inventory (Average Inventory)	49.55K	23.65K	18.4K	11.06K	94.21K
Average Days Payable Outstanding	55.28	579.71	510.82	-521.36	3.03K
Cash Conversion Cycle (Average Days)	49.73K	23.21K	17.98K	11.64K	91.34K
Long Term Solvency
Total Debt/Equity	71.74	110.19	112.08	129.13	140.22
Total Debt / Total Capital	41.77	52.42	52.85	56.36	58.37
LT Debt/Equity	70.41	87.89	84.48	111.2	117.75
Long-Term Debt / Total Capital	41	41.81	39.84	48.53	49.02
Total Liabilities / Total Assets	49.26	58.11	59.13	61.66	63.26
EBIT / Interest Expense	1.31	6.42	7.45	2.45	1.16
EBITDA / Interest Expense	3.45	8.93	8.47	2.7	1.69
(EBITDA - Capex) / Interest Expense	3.43	8.22	1.88	2.05	-1.99
Total Debt / EBITDA	44.44	31.1	14.34	7.44	26.47
Net Debt / EBITDA	42.43	30.57	14.16	7.01	25.81
Total Debt / (EBITDA - Capex)	44.77	33.82	64.57	9.81	-22.39
Net Debt / (EBITDA - Capex)	42.74	33.24	63.79	9.25	-21.83
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-85.99	69.81	71.35	94.33	-66.37
Gross Profit, 1 Yr. Growth %	-76.7	47.53	87.1	104.15	-60.86
EBITDA, 1 Yr. Growth %	-89.03	131.63	136.93	117.32	-70.75
EBITA, 1 Yr. Growth %	-94.96	307.69	181.79	121.96	-77.02
EBIT, 1 Yr. Growth %	-94.96	307.69	181.79	121.96	-77.02
Earnings From Cont. Operations, 1 Yr. Growth %	-91.61	169.35	181.86	22.83	-92.44
Net Income, 1 Yr. Growth %	-91.61	169.35	181.86	22.83	-92.44
Normalized Net Income, 1 Yr. Growth %	-97.75	777.2	181.96	63.4	-93.37
Diluted EPS Before Extra, 1 Yr. Growth %	-93.29	150.86	182.53	23.19	-92.33
Accounts Receivable, 1 Yr. Growth %	-0.56	56.4	-32.59	83.18	-47.43
Inventory, 1 Yr. Growth %	47.92	2.99	6.29	-11.09	1.27
Net Property, Plant and Equip., 1 Yr. Growth %	-37.54	6.53K	23.97	19.63	36.49
Total Assets, 1 Yr. Growth %	39.92	18.69	6.94	3.45	3.53
Tangible Book Value, 1 Yr. Growth %	28.93	-2.01	4.35	-2.96	-0.8
Common Equity, 1 Yr. Growth %	28.93	-2.01	4.35	-2.96	-0.8
Cash From Operations, 1 Yr. Growth %	164.3	-49.59	-106.48	386.93	10.37
Capital Expenditures, 1 Yr. Growth %	-40.59	2.24K	2.13K	-32.87	172.58
Levered Free Cash Flow, 1 Yr. Growth %	1.27K	-93.34	68.61	-358.32	-77.22
Unlevered Free Cash Flow, 1 Yr. Growth %	1.4K	-93.74	63.47	-451.68	-72.27
Dividend Per Share, 1 Yr. Growth %	-79	661.9	-91.56	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-8.32	-51.22	72.82	82.48	-19.16
Gross Profit, 2 Yr. CAGR %	-12	-41.37	69.59	95.44	-10.61
EBITDA, 2 Yr. CAGR %	-18.77	-49.6	134.27	126.92	-20.27
EBITA, 2 Yr. CAGR %	-43.42	-54.65	238.94	150.1	-28.57
EBIT, 2 Yr. CAGR %	-43.42	-54.65	238.94	150.1	-28.57
Earnings From Cont. Operations, 2 Yr. CAGR %	-20.8	-52.47	175.54	86.07	-69.53
Net Income, 2 Yr. CAGR %	-20.8	-52.47	175.54	86.07	-69.53
Normalized Net Income, 2 Yr. CAGR %	-58.44	-55.62	397.33	114.64	-67.1
Diluted EPS Before Extra, 2 Yr. CAGR %	-30.74	-59.14	165.16	86.26	-69.27
Accounts Receivable, 2 Yr. CAGR %	-20.41	24.71	2.68	14.86	-1.87
Inventory, 2 Yr. CAGR %	14.53	23.42	4.63	-2.79	-5.11
Net Property, Plant and Equip., 2 Yr. CAGR %	-33.84	543.44	806.48	21.78	27.78
Total Assets, 2 Yr. CAGR %	22.37	28.87	12.66	5.18	3.49
Tangible Book Value, 2 Yr. CAGR %	47.22	12.4	1.12	0.63	-1.88
Common Equity, 2 Yr. CAGR %	47.22	12.4	1.12	0.63	-1.88
Cash From Operations, 2 Yr. CAGR %	92.15	15.42	-81.92	-43.82	131.83
Capital Expenditures, 2 Yr. CAGR %	-70.15	273.17	2.19K	286.78	35.27
Levered Free Cash Flow, 2 Yr. CAGR %	87.07	-4.38	-66.5	111.39	-23.29
Unlevered Free Cash Flow, 2 Yr. CAGR %	90.53	-3	-68.01	143.18	-1.25
Dividend Per Share, 2 Yr. CAGR %	-	26.49	-19.82	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-29.16	12.59	-24.72	79.71	3.84
Gross Profit, 3 Yr. CAGR %	-15.39	4.54	-11.77	80.4	14.34
EBITDA, 3 Yr. CAGR %	-34.9	15.19	-15.57	128.48	14.62
EBITA, 3 Yr. CAGR %	-50.06	9.29	-16.63	194.34	12.86
EBIT, 3 Yr. CAGR %	-50.06	9.29	-16.63	194.34	12.86
Earnings From Cont. Operations, 3 Yr. CAGR %	-46.68	19.11	-13.97	110.49	-36.04
Net Income, 3 Yr. CAGR %	-46.68	19.11	-13.97	110.49	-36.04
Normalized Net Income, 3 Yr. CAGR %	-64.87	14.85	-17.8	243.17	-32.67
Diluted EPS Before Extra, 3 Yr. CAGR %	-51.25	6.08	-22.16	105.37	-35.67
Accounts Receivable, 3 Yr. CAGR %	-39.39	-0.31	1.58	27.31	-11.48
Inventory, 3 Yr. CAGR %	20.83	10.55	17.43	-0.9	-1.45
Net Property, Plant and Equip., 3 Yr. CAGR %	0	207.28	271.63	361.52	26.5
Total Assets, 3 Yr. CAGR %	23.8	21.13	21.1	9.51	4.63
Tangible Book Value, 3 Yr. CAGR %	28.32	28.54	9.65	-0.26	0.15
Common Equity, 3 Yr. CAGR %	28.32	28.54	9.65	-0.26	0.15
Cash From Operations, 3 Yr. CAGR %	145.89	23	-55.8	-45.81	-29.64
Capital Expenditures, 3 Yr. CAGR %	-30.02	27.83	577.03	605.16	244.2
Levered Free Cash Flow, 3 Yr. CAGR %	218.24	-38.47	15.52	-33.24	0.59
Unlevered Free Cash Flow, 3 Yr. CAGR %	223.64	-38.98	15.43	-28.2	17.92
Dividend Per Share, 3 Yr. CAGR %	-45.54	-	-48.7	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-30.97	-8.86	1.6	37.83	-22.54
Gross Profit, 5 Yr. CAGR %	-23.38	-5.62	12.29	36.04	-11.31
EBITDA, 5 Yr. CAGR %	-35.46	-11.7	8.65	51.08	-17.48
EBITA, 5 Yr. CAGR %	-45.24	-15.71	7.43	52.19	-21.63
EBIT, 5 Yr. CAGR %	-45.24	-15.71	7.43	52.19	-21.63
Earnings From Cont. Operations, 5 Yr. CAGR %	-41.68	-17.7	2.85	42.37	-43.2
Net Income, 5 Yr. CAGR %	-40.86	-17.62	2.85	42.37	-43.2
Normalized Net Income, 5 Yr. CAGR %	-53.84	-19.04	1.41	47.49	-43.01
Diluted EPS Before Extra, 5 Yr. CAGR %	-44.25	-23.15	-4.01	32.96	-46.32
Accounts Receivable, 5 Yr. CAGR %	-29.6	-19.45	-25.17	5.5	1.52
Inventory, 5 Yr. CAGR %	23.5	11.42	14.07	5.01	7.83
Net Property, Plant and Equip., 5 Yr. CAGR %	-8.1	116.13	141.52	112.2	142.47
Total Assets, 5 Yr. CAGR %	16.76	16.77	19.22	14.48	13.72
Tangible Book Value, 5 Yr. CAGR %	23.7	16.06	16.66	16.55	4.88
Common Equity, 5 Yr. CAGR %	23.7	16.06	16.66	16.55	4.88
Cash From Operations, 5 Yr. CAGR %	25.28	37.5	-13.45	-10.09	-14.23
Capital Expenditures, 5 Yr. CAGR %	-33.9	5.29	182.21	99.05	255.51
Levered Free Cash Flow, 5 Yr. CAGR %	27.92	-19.27	29.33	0.81	-1.43
Unlevered Free Cash Flow, 5 Yr. CAGR %	27.7	-20.32	28.24	6.09	9.06
Dividend Per Share, 5 Yr. CAGR %	-	-10.27	-36.43	-	-