ELGS.RO · BVB
AETA: 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 | 248M RON | 305M RON | 78.6M RON | 39.9M RON | 35.5M RON | 33.5M RON | -6% |
| Operating income | -1.3M RON | -6.9M RON | -18.9M RON | -10.0M RON | -10.9M RON | -7.7M RON | +30% |
| EBITDA | 9.1M RON | 6.9M RON | -7.7M RON | -2.1M RON | -3.7M RON | 109K RON | +103% |
| Interest expense | 18.3M RON | 2.1M RON | 1.5M RON | -231K RON | 5.8M RON | 206K RON | -96% |
| Profit before tax | -20.9M RON | -8.7M RON | -20.4M RON | -10.5M RON | -16.7M RON | -7.9M RON | +53% |
| Income tax | -1.6M RON | -308K RON | -1.8M RON | 1.1M RON | 50.2K RON | -135K RON | -369% |
| Net income | 18.9M RON | -8.5M RON | -18.4M RON | -11.5M RON | -16.8M RON | -7.7M RON | +54% |
Cash flow
| RON | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 18.1M RON | 14.3M RON | -239K RON | -5.0M RON | — | — | |
| Capital expenditure | 9.2M RON | 27.0M RON | 5.1M RON | 3.4M RON | — | — | |
| Free cash flow | 8.9M RON | -12.7M RON | -5.3M RON | -8.4M RON | — | — | |
| Depreciation & amortization | 10.4M RON | 13.7M RON | 11.2M RON | 7.8M RON | 7.2M RON | 7.8M RON | +8% |
Balance sheet
| RON | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year |
|---|---|---|---|---|---|---|---|
| Cash | 14.2M RON | 11.2M RON | 3.4M RON | 1.1M RON | 293K RON | 288K RON | -2% |
| Inventory | 12.0M RON | 13.6M RON | 4.6M RON | 3.8M RON | 3.2M RON | 2.7M RON | -13% |
| Current assets | 59.4M RON | 48.8M RON | 18.5M RON | 14.2M RON | 10.2M RON | 17.2M RON | +69% |
| Total assets | 142M RON | 140M RON | 122M RON | 99.9M RON | 86.0M RON | 86.9M RON | +1% |
| Current liabilities | 71.8M RON | 66.8M RON | 53.0M RON | 48.3M RON | 46.4M RON | 59.4M RON | +28% |
| Financial debt | 14.1M RON | 18.4M RON | 13.4M RON | 8.1M RON | 4.5M RON | 3.9M RON | -12% |
| Total liabilities | 79.4M RON | 86.0M RON | 66.1M RON | 54.7M RON | 51.7M RON | 59.9M RON | +16% |
| Shareholders' equity | 60.2M RON | 52.8M RON | 54.7M RON | 44.3M RON | 34.3M RON | 26.9M RON | -21% |
| Net debt | -63.1K RON | 7.2M RON | 10.0M RON | 7.0M RON | 4.2M RON | 3.7M RON | -13% |
Dividend profile
The latest annual report shows no dividend to shareholders.
Dividends
| RON | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year |
|---|---|---|---|---|---|---|---|
| Dividends paid | 19.5K RON | 16.2K RON | 0 RON | 0 RON | — | — | |
| Dividend per share | — | — | 0.00 | 0.00 | — | — | |
| Dividends / net income | 0.1% | — | — | — | — | — | |
| Dividends / free cash flow | 0.2% | — | — | — | — | — |
Ratios
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year | |
|---|---|---|---|---|---|---|---|
| Operating margin | -0.5% | -2.3% | -24.0% | -24.9% | -30.8% | -22.9% | |
| Net margin | 7.6% | -2.8% | -23.4% | -28.8% | -47.2% | -23.1% | |
| Return on equity | 31.3% | -16.1% | -33.7% | -26.0% | -48.9% | -28.7% | |
| Return on assets | 13.3% | -6.1% | -15.1% | -11.5% | -19.5% | -8.9% | |
| Return on invested capital | -2.1% | -11.1% | -27.6% | -13.6% | -19.2% | -21.8% | |
| Debt / equity | 0.23 | 0.35 | 0.25 | 0.18 | 0.13 | 0.15 | |
| Net debt / EBITDA | -0.0x | 1.0x | — | — | — | 33.6x | |
| Interest coverage | -0.1x | -3.3x | -12.7x | -43.1x | -1.9x | -37.2x | |
| Current ratio | 0.83 | 0.73 | 0.35 | 0.29 | 0.22 | 0.29 | |
| Quick ratio | 0.66 | 0.53 | 0.26 | 0.22 | 0.15 | 0.24 |
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.