IARV.RO · BVB
IAR Brașov: 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 | 256M RON | 330M RON | 315M RON | 427M RON | 382M RON | 441M RON | +16% |
| Operating income | 40.4M RON | 23.2M RON | 16.3M RON | 29.5M RON | 31.0M RON | 47.0M RON | +52% |
| EBITDA | 44.2M RON | 27.4M RON | 20.5M RON | 33.4M RON | 34.7M RON | 51.0M RON | +47% |
| Interest expense | 886K RON | 1.5M RON | 3.1M RON | 567K RON | 1.3M RON | 137K RON | -89% |
| Profit before tax | 36.9M RON | 26.5M RON | 17.9M RON | 35.1M RON | 35.6M RON | 52.4M RON | +47% |
| Income tax | 3.0M RON | 3.0M RON | 3.7M RON | 11.0M RON | 4.1M RON | 4.7M RON | +17% |
| Net income | 34.0M RON | 23.5M RON | 14.2M RON | 24.1M RON | 31.5M RON | 47.7M RON | +51% |
Cash flow
| RON | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year |
|---|---|---|---|---|---|---|---|
| Operating cash flow | — | — | 264M RON | -118M RON | -167M RON | 159M RON | +195% |
| Capital expenditure | — | — | 15.7M RON | 10.1M RON | 10.7M RON | 18.0M RON | +69% |
| Free cash flow | — | — | 248M RON | -128M RON | -178M RON | 141M RON | +179% |
| Depreciation & amortization | 3.8M RON | 4.1M RON | 4.2M RON | 3.9M RON | 3.7M RON | 4.0M RON | +8% |
Balance sheet
| RON | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year |
|---|---|---|---|---|---|---|---|
| Cash | 9.8M RON | 45.3M RON | 258M RON | 18.1M RON | 5.0M RON | 2.4M RON | -52% |
| Inventory | 211M RON | 223M RON | 257M RON | 294M RON | 489M RON | 430M RON | -12% |
| Current assets | 257M RON | 317M RON | 555M RON | 506M RON | 693M RON | 573M RON | -17% |
| Total assets | 341M RON | 409M RON | 657M RON | 615M RON | 808M RON | 695M RON | -14% |
| Current liabilities | 75.8M RON | 131M RON | 356M RON | 254M RON | 33.7M RON | 30.3M RON | -10% |
| Financial debt | 45.9M RON | 73.0M RON | 42.7M RON | 0 RON | 0 RON | 0 RON | |
| Total liabilities | 137M RON | 190M RON | 429M RON | 368M RON | 541M RON | 386M RON | -29% |
| Shareholders' equity | 204M RON | 220M RON | 229M RON | 247M RON | 267M RON | 309M RON | +16% |
| Net debt | 36.2M RON | 27.7M RON | -216M RON | -18.1M RON | -5.0M RON | -2.4M RON | +52% |
Dividend profile
- Paying in a row
- 4 years
- Raised in a row
- 0 years
- Growth per year
- n/a
- Paid out of profit
- 22.8%
- Paid out of free cash
- n/a
Without share prices EdgeScore shows no dividend yield.
Dividends
| RON | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year |
|---|---|---|---|---|---|---|---|
| Dividends paid | — | — | 5.4M RON | 6.0M RON | 12.3M RON | 5.2M RON | -58% |
| Dividends / net income | — | — | 38.0% | 24.8% | 39.1% | 10.9% | |
| Dividends / free cash flow | — | — | 2.2% | — | — | 3.7% |
Ratios
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year | |
|---|---|---|---|---|---|---|---|
| Operating margin | 15.8% | 7.1% | 5.2% | 6.9% | 8.1% | 10.7% | |
| Net margin | 13.3% | 7.1% | 4.5% | 5.6% | 8.3% | 10.8% | |
| Return on equity | 16.6% | 10.7% | 6.2% | 9.7% | 11.8% | 15.4% | |
| Return on assets | 10.0% | 5.7% | 2.2% | 3.9% | 3.9% | 6.9% | |
| Return on invested capital | 15.5% | 8.4% | 9.9% | 16.7% | 11.2% | 15.0% | |
| Debt / equity | 0.23 | 0.33 | 0.19 | 0.00 | 0.00 | 0.00 | |
| Net debt / EBITDA | 0.8x | 1.0x | -10.5x | -0.5x | -0.1x | -0.0x | |
| Interest coverage | 45.6x | 15.5x | 5.3x | 52.0x | 23.9x | 343.3x | |
| Current ratio | 3.39 | 2.42 | 1.56 | 1.99 | 20.56 | 18.94 | |
| Quick ratio | 0.60 | 0.72 | 0.84 | 0.83 | 6.04 | 4.72 |
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.