Income Statement Proplastics Limited

Stocks

PROL

ZW0009012247

Construction Supplies & Fixtures

End-of-day quote Zimbabwe S.E. 2026-08-14			5-day change	1st Jan Change
1.340 ^ZWG	0.00%		-3.60%	-4.29%

03-31	Proplastics Limited Reports Earnings Results for the Full Year Ended December 31, 2025	CI
25-09-28	Proplastics Limited Reports Earnings Results for the Half Year Ended June 30, 2025	CI

32da08a9d47569f0b4bc22817d34d9.PW-STwLZzWHcWo9UokBo0kfaz4jYgcDzcRQTAgVBdjI.cAShJjHhuSOtLLcdwAYytA7v-eCJ0oqhCC1nTFwVPn12HNlia5qnPqgP7A

Published financial data: PROPLASTICS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (ZWL)	2022 (ZWL)	2023	2024	2025
Revenues	2.77B	11.71B	21.29M	20.6M	22.78M
Total Revenues	2.77B	11.71B	21.29M	20.6M	22.78M
Cost of Goods Sold, Total	1.84B	6.78B	14.87M	14.51M	15.29M
Gross Profit	933M	4.93B	6.42M	6.09M	7.49M
Selling General & Admin Expenses, Total	552M	3.49B	5M	4.27M	5.19M
Provision for Bad Debts	-	104M	38.15K	-39.12K	27.37K
Other Operating Expenses	-	35.16M	-103K	-	-
Other Operating Expenses, Total	552M	3.63B	4.93M	4.23M	5.22M
Operating Income	382M	1.3B	1.49M	1.86M	2.27M
Interest Expense, Total	-57.44M	-461M	-104K	-244K	-294K
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-57.44M	-461M	-104K	-244K	-294K
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	83.79M	-239M	-	29.38K	10.94K
EBT, Excl. Unusual Items	408M	600M	1.38M	1.65M	1.99M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Insurance Settlements	-	-	-	-	-
EBT, Incl. Unusual Items	408M	600M	1.38M	1.65M	1.99M
Income Tax Expense	175M	489M	863K	446K	599K
Earnings From Continuing Operations	234M	110M	520K	1.2M	1.39M
Net Income to Company	234M	110M	520K	1.2M	1.39M
Net Income - (IS)	234M	110M	520K	1.2M	1.39M
Net Income to Common Incl Extra Items	234M	110M	520K	1.2M	1.39M
Net Income to Common Excl. Extra Items	234M	110M	520K	1.2M	1.39M
Per Share Items
Net EPS - Basic	0.91	0.43	0	0	0.01
Basic EPS - Continuing Operations	0.91	0.43	0	0	0.01
Basic Weighted Average Shares Outstanding	257M	260M	260M	261M	262M
Net EPS - Diluted	0.89	0.42	0	0	0.01
Diluted EPS - Continuing Operations	0.89	0.42	0	0	0.01
Diluted Weighted Average Shares Outstanding	261M	263M	260M	261M	262M
Normalized Basic EPS	0.99	1.44	0	0	0
Normalized Diluted EPS	0.98	1.43	0	0	0
Dividend Per Share	0.38	-	0	0	0
Payout Ratio	31.01	140.98	54.94	-	22.59
Supplemental Items
EBITDA	533M	1.73B	2.39M	2.84M	3.37M
EBITA	382M	1.3B	1.51M	1.88M	2.29M
EBIT	382M	1.3B	1.49M	1.86M	2.27M
Effective Tax Rate - (Ratio)	42.77	81.59	62.42	27.07	30.13
Total Current Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	255M	375M	865K	1.03M	1.24M
Interest on Long-Term Debt	-	-	-	-	-
Supplemental Operating Expense Items
Selling and Marketing Expenses	92.4M	562M	1.08M	773K	947K
General and Administrative Expenses	459M	2.93B	3.92M	3.49M	4.25M
Maintenance & Repair Expenses, Total	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: December	2021 (ZWL)	2022 (ZWL)	2023	2024	2025
Assets
Cash And Equivalents	328M	517M	377K	357K	366K
Short Term Investments	100M	686M	252K	338K	97.51K
Total Cash And Short Term Investments	429M	1.2B	629K	695K	463K
Accounts Receivable, Total	33.81M	773M	2.01M	2.36M	2.95M
Other Receivables	-	-	-	-	-
Total Receivables	33.81M	773M	2.01M	2.36M	2.95M
Inventory	500M	4.08B	5.62M	6.67M	5.68M
Prepaid Expenses	307M	559M	219K	268K	576K
Total Current Assets	1.27B	6.61B	8.48M	9.99M	9.68M
Gross Property Plant And Equipment	2.2B	11.81B	14.98M	16.33M	15.41M
Accumulated Depreciation	-712K	-2.66M	-886K	-1.83M	-566K
Net Property Plant And Equipment	2.2B	11.8B	14.1M	14.5M	14.84M
Long-term Investments	-	56.12M	-	34.17K	33.93K
Other Intangibles, Total	-	-	194K	172K	151K
Total Assets	3.46B	18.47B	22.77M	24.69M	24.71M
Liabilities
Accounts Payable, Total	214M	3.53B	3.45M	3.58M	3.32M
Accrued Expenses, Total	61.68M	936M	825K	743K	230K
Short-term Borrowings	242M	334M	200K	1.62M	497K
Current Portion of Leases	3.64M	23.4M	38.79K	57.64K	120K
Current Income Taxes Payable	53.88M	1.14B	741K	133K	245K
Unearned Revenue Current, Total	-	-	967K	190K	357K
Total Current Liabilities	574M	5.97B	6.22M	6.32M	4.77M
Long-Term Debt	114M	33.33M	-	505K	334K
Long-Term Leases	5.75M	37.42M	17.31K	116K	391K
Deferred Tax Liability Non Current	517M	1.86B	2.8M	2.8M	2.92M
Total Liabilities	1.21B	7.9B	9.04M	9.75M	8.41M
Common Stock, Total	1.54M	5.3M	7.89K	7.94K	7.94K
Retained Earnings	609M	2.05B	3.28M	4.48M	5.56M
Comprehensive Income and Other	1.64B	8.52B	10.44M	10.45M	10.73M
Total Common Equity	2.25B	10.57B	13.74M	14.94M	16.3M
Total Equity	2.25B	10.57B	13.74M	14.94M	16.3M
Total Liabilities And Equity	3.46B	18.47B	22.77M	24.69M	24.71M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	258M	262M	265M	282M	256M
ECS Total Common Shares Outstanding	258M	262M	265M	282M	256M
Book Value / Share	8.74	40.32	0.05	0.05	0.06
Tangible Book Value	2.25B	10.57B	13.54M	14.77M	16.15M
Tangible Book Value Per Share	8.74	40.32	0.05	0.05	0.06
Total Debt	365M	428M	256K	2.29M	1.34M
Net Debt	-63.69M	-775M	-373K	1.6M	878K
Equity Method Investments, Total	-	56.12M	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	196M	1.84B	2.06M	3.12M	2.15M
Inventories - Work In Process, Total	141M	568M	1.11M	825K	700K
Inventories - Finished Goods, Total	164M	1.65B	2.37M	2.52M	2.7M
Inventories - Others	46.2M	220M	333K	401K	407K
Land - (BS)	1.43B	6.57B	7.06M	7.06M	7.01M
Machinery, Total	696M	5.01B	7.7M	9M	7.03M
Full Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	10.21M	81.95M	150K	111K	138K

Fiscal Period: December	2021 (ZWL)	2022 (ZWL)	2023	2024	2025
Net Income	234M	110M	520K	1.2M	1.39M
Depreciation & Amortization - CF	158M	436M	1.04M	1.13M	1.28M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	21.55K	21.55K	21.55K
Depreciation & Amortization, Total	158M	436M	1.06M	1.15M	1.3M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Stock-Based Compensation (CF)	-	-	-	-	-
Other Operating Activities, Total	-361M	631M	-586K	-2.63M	-43.46K
Change In Accounts Receivable	-	-	-	-	-
Change In Inventories	-	-	-	-	-
Change In Accounts Payable	-	-	-	-	-
Cash from Operations	30.14M	1.18B	991K	-279K	2.65M
Capital Expenditure	-31.19M	-1.15B	-	-1.34M	-809K
Sale of Property, Plant, and Equipment	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-56.12M	-	-	-
Other Investing Activities, Total	14.05M	53.72M	-294K	-62.98K	16.32K
Cash from Investing	-17.14M	-1.15B	-294K	-1.4M	-793K
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Long-Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-	-	-	-	-
Issuance of Common Stock	78K	133M	20	5.32K	-
Repurchase of Common Stock	-	-	-	-	-48.94K
Common Dividends Paid	-72.42M	-156M	-286K	-	-314K
Common & Preferred Stock Dividends Paid	-72.42M	-156M	-286K	-	-314K
Other Financing Activities, Total	323M	80.97M	-414K	1.77M	-1.5M
Cash from Financing	251M	58.04M	-699K	1.77M	-1.86M
Foreign Exchange Rate Adjustments	9.34M	317M	-391K	-110K	11.92K
Miscellaneous Cash Flow Adjustments	9.67M	-1.01B	-	-	-
Net Change in Cash	283M	-611M	-393K	-20.03K	8.94K
Supplemental Items
Cash Interest Paid	57.44M	563M	104K	183K	231K
Cash Income Tax Paid (Refund)	166M	428M	892K	1.02M	399K
Levered Free Cash Flow	24.28M	1.78B	-256K	-1.95M	1.31M
Unlevered Free Cash Flow	60.18M	2.06B	-191K	-1.8M	1.49M
Change In Net Working Capital	305M	-1.96B	2.18M	2.77M	422K
Net Debt Issued / Repaid	-	-	-	-	-

Fiscal Period: December	2021 (ZWL)	2022 (ZWL)	2023	2024	2025
Profitability
Return on Assets	7.64	5.35	3.93	4.9	5.75
Return on Total Capital	10.51	8.12	6.61	7.45	8.14
Return On Equity %	11.4	1.21	3.82	8.37	8.89
Return on Common Equity	11.4	1.21	3.82	8.37	8.89
Margin Analysis
Gross Profit Margin %	33.66	42.1	30.15	29.56	32.88
SG&A Margin	19.9	29.81	23.47	20.71	22.79
EBITDA Margin %	19.22	14.73	11.23	13.8	14.79
EBITA Margin %	13.76	11.1	7.09	9.14	10.06
EBIT Margin %	13.76	11.1	6.99	9.03	9.97
Income From Continuing Operations Margin %	8.42	0.94	2.44	5.83	6.1
Net Income Margin %	8.42	0.94	2.44	5.83	6.1
Net Avail. For Common Margin %	8.42	0.94	2.44	5.83	6.1
Normalized Net Income Margin	9.2	3.2	4.06	4.99	5.45
Levered Free Cash Flow Margin	0.88	15.16	-1.2	-9.47	5.74
Unlevered Free Cash Flow Margin	2.17	17.61	-0.9	-8.73	6.55
Asset Turnover
Asset Turnover	0.89	0.77	0.9	0.87	0.92
Fixed Assets Turnover	1.32	1.21	1.48	1.44	1.55
Receivables Turnover (Average Receivables)	65.38	26.34	13.46	9.43	8.58
Inventory Turnover (Average Inventory)	3.64	2.34	2.54	2.36	2.48
Short Term Liquidity
Current Ratio	2.21	1.11	1.36	1.58	2.03
Quick Ratio	0.8	0.33	0.42	0.48	0.72
Operating Cash Flow to Current Liabilities	0.05	0.2	0.16	-0.04	0.56
Days Sales Outstanding (Average Receivables)	5.58	13.85	27.12	38.8	42.54
Days Outstanding Inventory (Average Inventory)	100.26	155.92	143.52	155	147.44
Average Days Payable Outstanding	46.24	81.53	103.95	82.76	88.06
Cash Conversion Cycle (Average Days)	59.6	88.24	66.69	111.05	101.92
Long Term Solvency
Total Debt/Equity	16.19	4.05	1.86	15.36	8.23
Total Debt / Total Capital	13.93	3.89	1.83	13.31	7.61
LT Debt/Equity	5.31	0.67	0.13	4.16	4.44
Long-Term Debt / Total Capital	4.57	0.64	0.12	3.6	4.11
Total Liabilities / Total Assets	34.95	42.78	39.68	39.48	34.04
EBIT / Interest Expense	6.65	2.82	14.32	7.62	7.73
EBITDA / Interest Expense	9.4	3.77	24.51	12.33	12.17
(EBITDA - Capex) / Interest Expense	8.85	1.28	24.51	6.84	9.42
Total Debt / EBITDA	0.68	0.25	0.1	0.76	0.38
Net Debt / EBITDA	-0.12	-0.45	-0.15	0.53	0.25
Total Debt / (EBITDA - Capex)	0.72	0.73	0.1	1.37	0.49
Net Debt / (EBITDA - Capex)	-0.13	-1.32	-0.15	0.96	0.32
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	57.42	22.88	22.04	-3.23	10.58
Gross Profit, 1 Yr. Growth %	81.1	53.71	-12.61	-5.13	23.01
EBITDA, 1 Yr. Growth %	223.69	-5.25	-6.95	24.23	18.49
EBITA, 1 Yr. Growth %	483.93	-0.1	-22.07	33.88	21.76
EBIT, 1 Yr. Growth %	483.93	-0.1	-23.18	34.41	22.01
Earnings From Cont. Operations, 1 Yr. Growth %	73.82	-86.24	216.07	130.92	15.69
Net Income, 1 Yr. Growth %	73.82	-86.24	216.07	130.92	15.69
Normalized Net Income, 1 Yr. Growth %	46.07	-57.23	54.83	19	20.76
Diluted EPS Before Extra, 1 Yr. Growth %	72.56	-86.34	233.33	130	15.22
Accounts Receivable, 1 Yr. Growth %	-33.72	565.01	74.83	17.05	25.4
Inventory, 1 Yr. Growth %	-2.22	137.32	-7.37	18.59	-14.76
Net Property, Plant and Equip., 1 Yr. Growth %	10.3	56.34	-3.73	2.84	2.41
Total Assets, 1 Yr. Growth %	24.54	55.08	-7.31	8.41	0.08
Tangible Book Value, 1 Yr. Growth %	22.33	36.41	0.31	9.06	9.32
Common Equity, 1 Yr. Growth %	22.33	36.41	1.75	8.78	9.07
Cash From Operations, 1 Yr. Growth %	-120.73	1.04K	-47.95	-128.12	-1.05K
Capital Expenditures, 1 Yr. Growth %	-	970.48	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	-173.95	-518.19	-103.56	510.16	-313.89
Unlevered Free Cash Flow, 1 Yr. Growth %	2.35K	-785.27	-102.51	605.65	-424.94
Dividend Per Share, 1 Yr. Growth %	85.37	-	-	9.09	66.67
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	62.38	157.86	-15.13	8.67	3.45
Gross Profit, 2 Yr. CAGR %	44.89	210.96	-19.63	-8.95	8.03
EBITDA, 2 Yr. CAGR %	33.71	223.73	-35.12	5.18	21.32
EBITA, 2 Yr. CAGR %	26.14	345.94	-39.1	-1.39	27.68
EBIT, 2 Yr. CAGR %	26.14	345.94	-39.54	-1.96	28.06
Earnings From Cont. Operations, 2 Yr. CAGR %	67.5	-9.33	-54.3	170.16	63.45
Net Income, 2 Yr. CAGR %	67.5	-9.33	-54.3	170.16	63.45
Normalized Net Income, 2 Yr. CAGR %	27.26	46.65	-44.33	35.74	19.87
Diluted EPS Before Extra, 2 Yr. CAGR %	67.15	-9.99	-54.21	176.89	62.79
Accounts Receivable, 2 Yr. CAGR %	41.06	289.25	136.31	43.05	21.15
Inventory, 2 Yr. CAGR %	33.28	182.44	2.76	4.81	0.54
Net Property, Plant and Equip., 2 Yr. CAGR %	45.79	143.47	-22.41	-0.5	2.62
Total Assets, 2 Yr. CAGR %	57.63	157.66	-21.47	0.24	4.16
Tangible Book Value, 2 Yr. CAGR %	57.96	139.51	-24.92	4.6	9.19
Common Equity, 2 Yr. CAGR %	57.96	139.51	-24.39	5.2	8.93
Cash From Operations, 2 Yr. CAGR %	-67.96	184.53	75.66	-61.74	63.45
Capital Expenditures, 2 Yr. CAGR %	-67.65	253.31	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	-54.38	274.88	-55.19	-47.87	102.24
Unlevered Free Cash Flow, 2 Yr. CAGR %	-27.02	376.07	-53.72	-51.38	141.89
Dividend Per Share, 2 Yr. CAGR %	589.2	-	-3.37	-	34.84
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	141.01	123.32	57.37	-11.34	9.3
Gross Profit, 3 Yr. CAGR %	135.75	123.02	59.51	-15.06	0.66
EBITDA, 3 Yr. CAGR %	21.74	79.55	67.32	-20.6	9.44
EBITA, 3 Yr. CAGR %	114.03	75.64	95.25	-22.66	5.79
EBIT, 3 Yr. CAGR %	114.03	75.64	94.32	-22.95	5.46
Earnings From Cont. Operations, 3 Yr. CAGR %	290.35	9.89	7.66	-21.58	103.63
Net Income, 3 Yr. CAGR %	290.35	9.89	7.66	-21.58	103.63
Normalized Net Income, 3 Yr. CAGR %	201.74	33.53	16.94	-28.29	30.55
Diluted EPS Before Extra, 3 Yr. CAGR %	285.67	9.47	7.54	-21.58	106.72
Accounts Receivable, 3 Yr. CAGR %	55.38	256.97	133.45	86.97	36.91
Inventory, 3 Yr. CAGR %	117.28	143.8	52.54	7.78	-2.17
Net Property, Plant and Equip., 3 Yr. CAGR %	214.18	125.22	31.67	-14.77	0.46
Total Assets, 3 Yr. CAGR %	179.7	136.61	38.21	-12.56	0.19
Tangible Book Value, 3 Yr. CAGR %	175.12	127.02	33.33	-14.97	6.15
Common Equity, 3 Yr. CAGR %	175.12	127.02	33.97	-14.64	6.48
Cash From Operations, 3 Yr. CAGR %	-25.03	58.84	30.04	-4.62	11.62
Capital Expenditures, 3 Yr. CAGR %	-	56.74	-	59.14	-
Levered Free Cash Flow, 3 Yr. CAGR %	-67.72	147.83	-13.25	15.3	-43.32
Unlevered Free Cash Flow, 3 Yr. CAGR %	-56.32	163.34	-12.24	26.41	-41.91
Dividend Per Share, 3 Yr. CAGR %	-	-	20.04	0.62	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-9.47	17.66	103.22	44.58	33.06
Gross Profit, 5 Yr. CAGR %	-3.34	26.07	96.18	34.59	36.49
EBITDA, 5 Yr. CAGR %	-0.84	12.59	21.16	25.2	45.85
EBITA, 5 Yr. CAGR %	6.9	14.54	65.72	20.4	62.43
EBIT, 5 Yr. CAGR %	6.9	14.54	65.24	20.13	62.13
Earnings From Cont. Operations, 5 Yr. CAGR %	1.29	-24.09	111.88	35.99	27.23
Net Income, 5 Yr. CAGR %	1.29	-24.09	111.88	35.99	27.23
Normalized Net Income, 5 Yr. CAGR %	8.9	-1.19	97.48	16.07	18.11
Diluted EPS Before Extra, 5 Yr. CAGR %	0.56	-24.75	110.84	35.88	26.94
Accounts Receivable, 5 Yr. CAGR %	-46.32	16.51	135.23	113.84	79.58
Inventory, 5 Yr. CAGR %	-17.66	27.68	106.15	50.21	29.11
Net Property, Plant and Equip., 5 Yr. CAGR %	6.7	53	129.88	35.24	19.18
Total Assets, 5 Yr. CAGR %	-3.97	32.06	115.41	41.69	23.42
Tangible Book Value, 5 Yr. CAGR %	-5.84	25.71	109.49	39.45	23.1
Common Equity, 5 Yr. CAGR %	-5.84	25.71	110.09	39.77	23.33
Cash From Operations, 5 Yr. CAGR %	-48.72	-2.82	34.91	-21.08	42.5
Capital Expenditures, 5 Yr. CAGR %	-42.1	-	-	7.71	23.19
Levered Free Cash Flow, 5 Yr. CAGR %	-41.82	10.88	-35.2	40.1	27.28
Unlevered Free Cash Flow, 5 Yr. CAGR %	-30.7	14.16	-38.9	38.71	39.51
Dividend Per Share, 5 Yr. CAGR %	-4.71	-	-	116.89	25.75