ALR.RO · BVB
Alro: financial statements
Financially weak · see the checkFigures in RON, fiscal years
Revenue and net income
Operating and free cash flow
Margins
Returns
Income statement
| RON | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year |
|---|---|---|---|---|---|---|---|
| Revenue | 2.5B RON | 3.5B RON | 3.4B RON | 2.8B RON | 3.4B RON | 3.9B RON | +14% |
| Gross profit | -6.8M RON | 493M RON | 310M RON | -216M RON | 177M RON | 155M RON | -12% |
| Selling, general & admin | 323M RON | 316M RON | 305M RON | 329M RON | 367M RON | 373M RON | +1% |
| Operating income | 400M RON | 228M RON | 783M RON | -364M RON | 225M RON | 49.0M RON | -78% |
| EBITDA | 566M RON | 381M RON | 936M RON | -212M RON | 345M RON | 168M RON | -51% |
| Interest expense | 59.1M RON | 41.8M RON | 91.8M RON | 129M RON | 126M RON | 119M RON | -5% |
| Profit before tax | 366M RON | 57.5M RON | 620M RON | -507M RON | 29.3M RON | -23.8M RON | -181% |
| Income tax | 31.5M RON | 31.2M RON | 95.4M RON | -48.4M RON | 18.9M RON | 23.2M RON | +22% |
| Net income | 334M RON | 26.4M RON | 410M RON | -560M RON | 10.3M RON | -46.6M RON | -551% |
Cash flow
| RON | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 323M RON | 241M RON | 83.0M RON | -53.5M RON | 423M RON | 12.1M RON | -97% |
| Capital expenditure | 82.6M RON | 148M RON | 129M RON | 103M RON | 134M RON | 148M RON | +10% |
| Free cash flow | 241M RON | 93.6M RON | -46.4M RON | -157M RON | 289M RON | -136M RON | -147% |
| Depreciation & amortization | 167M RON | 153M RON | 153M RON | 152M RON | 120M RON | 119M RON | -1% |
Balance sheet
| RON | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year |
|---|---|---|---|---|---|---|---|
| Cash | 106M RON | 328M RON | 630M RON | 206M RON | 431M RON | 248M RON | -43% |
| Inventory | 678M RON | 1.0B RON | 1.2B RON | 885M RON | 877M RON | 959M RON | +9% |
| Current assets | 1.3B RON | 1.6B RON | 2.5B RON | 1.6B RON | 1.8B RON | 1.8B RON | +2% |
| Total assets | 2.6B RON | 2.9B RON | 3.8B RON | 2.9B RON | 3.2B RON | 3.2B RON | -1% |
| Current liabilities | 558M RON | 585M RON | 1.4B RON | 635M RON | 686M RON | 1.6B RON | +131% |
| Total liabilities | 1.5B RON | 1.8B RON | 2.2B RON | 1.9B RON | 2.2B RON | 2.3B RON | +1% |
| Shareholders' equity | 1.1B RON | 1.1B RON | 1.5B RON | 1.0B RON | 1.0B RON | 962M RON | -5% |
| Net debt | -106M RON | -328M RON | -630M RON | -206M RON | -431M RON | -248M RON | +43% |
Dividend profile
The latest annual report shows no dividend to shareholders.
Dividends
| RON | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year |
|---|---|---|---|---|---|---|---|
| Dividends paid | 56.0K RON | 38.0K RON | 1.0K RON | 0 RON | — | — | |
| Dividend per share | — | — | — | 0.00 | — | — | |
| Dividends / net income | 0.0% | 0.1% | 0.0% | — | — | — | |
| Dividends / free cash flow | 0.0% | 0.0% | — | — | — | — |
Ratios
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year | |
|---|---|---|---|---|---|---|---|
| Gross margin | -0.3% | 14.1% | 9.1% | -7.6% | 5.2% | 4.0% | |
| Operating margin | 15.9% | 6.5% | 22.9% | -12.8% | 6.6% | 1.3% | |
| Net margin | 13.3% | 0.8% | 12.0% | -19.7% | 0.3% | -1.2% | |
| SG&A as share of revenue | 12.9% | 9.0% | 8.9% | 11.5% | 10.8% | 9.6% | |
| Return on equity | 30.8% | 2.4% | 26.5% | -55.9% | 1.0% | -4.8% | |
| Return on assets | 12.7% | 0.9% | 10.8% | -19.2% | 0.3% | -1.4% | |
| Return on invested capital | 37.3% | 20.4% | 77.8% | -38.4% | 25.9% | 6.0% | |
| Net debt / EBITDA | -0.2x | -0.9x | -0.7x | — | -1.3x | -1.5x | |
| Interest coverage | 6.8x | 5.5x | 8.5x | -2.8x | 1.8x | 0.4x | |
| Current ratio | 2.40 | 2.65 | 1.73 | 2.57 | 2.64 | 1.16 | |
| Quick ratio | 1.19 | 0.93 | 0.92 | 1.18 | 1.36 | 0.56 |
Data source: Bucharest Stock Exchange (ESEF), company annual reports. Lines a company does not report are left empty. Free cash flow is operating cash flow minus capital expenditure. Ratios use the same formulas as the EdgeScore check.
For information and education only. Not investment advice. Data may contain errors.