IMP.RO · BVB

Impact Developer & Contractor: financial statements

Financially weak · see the checkFigures in RON, fiscal years

Revenue and net income

RevenueNet income

Operating and free cash flow

Operating cash flowFree cash flow

Margins

GrossOperatingNet

Returns

ROEROICROA

Income statement

RON	2020	2021	2022	2023	2024	2025	Last year
Revenue	204M RON	138M RON	219M RON	171M RON	308M RON	331M RON	+7%
Gross profit	63.4M RON	49.8M RON	70.7M RON	57.2M RON	84.5M RON	83.8M RON	-1%
Operating income	96.9M RON	98.7M RON	109M RON	52.2M RON	103M RON	118M RON	+15%
EBITDA	98.6M RON	99.9M RON	111M RON	56.2M RON	107M RON	123M RON	+15%
Interest expense	10.8M RON	10.3M RON	17.9M RON	34.3M RON	34.9M RON	25.1M RON	-28%
Profit before tax	91.4M RON	95.3M RON	103M RON	28.9M RON	69.7M RON	95.3M RON	+37%
Income tax	16.6M RON	16.5M RON	18.1M RON	-228K RON	9.1M RON	18.1M RON	+100%
Net income	74.9M RON	78.8M RON	85.6M RON	26.8M RON	58.7M RON	74.7M RON	+27%

Cash flow

RON	2020	2021	2022	2023	2024	2025	Last year
Operating cash flow	-3.8M RON	-52.2M RON	-49.3M RON	30.4M RON	151M RON	142M RON	-6%
Capital expenditure	5.0M RON	30.5M RON	40.0M RON	978K RON	1.8M RON	1.9M RON	+5%
Free cash flow	-8.8M RON	-82.8M RON	-89.3M RON	29.4M RON	149M RON	140M RON	-6%
Depreciation & amortization	1.7M RON	1.2M RON	2.3M RON	4.0M RON	3.9M RON	5.0M RON	+28%

Balance sheet

RON	2020	2021	2022	2023	2024	2025	Last year
Cash	59.0M RON	42.0M RON	55.1M RON	51.3M RON	72.0M RON	40.4M RON	-44%
Inventory	435M RON	539M RON	618M RON	623M RON	408M RON	318M RON	-22%
Current assets	520M RON	617M RON	716M RON	695M RON	529M RON	388M RON	-27%
Total assets	988M RON	1.2B RON	1.4B RON	1.5B RON	1.4B RON	1.3B RON	-5%
Current liabilities	122M RON	262M RON	195M RON	131M RON	180M RON	123M RON	-32%
Financial debt	256M RON	337M RON	391M RON	414M RON	317M RON	176M RON	-45%
Total liabilities	347M RON	488M RON	554M RON	561M RON	447M RON	300M RON	-33%
Shareholders' equity	641M RON	717M RON	880M RON	909M RON	957M RON	1.0B RON	+8%
Net debt	197M RON	295M RON	336M RON	362M RON	245M RON	135M RON	-45%

Dividend profile

Paying in a row: 4 years
Raised in a row: 0 years
Growth per year: n/a
Paid out of profit: 5.3%
Paid out of free cash: 2.7%

Without share prices EdgeScore shows no dividend yield.

Dividends

RON	2020	2021	2022	2023	2024	2025	Last year
Dividends paid	10.4M RON	0 RON	11.0K RON	3.4M RON	2.7M RON	2.4M RON	-9%
Dividend per share	—	0.00	—	—	—	—
Dividends / net income	14.0%	0.0%	0.0%	12.8%	4.5%	3.2%
Dividends / free cash flow	—	—	—	11.7%	1.8%	1.7%

Ratios

	2020	2021	2022	2023	2024	2025
Gross margin	31.0%	36.2%	32.2%	33.4%	27.4%	25.3%
Operating margin	47.4%	71.8%	49.8%	30.5%	33.3%	35.6%
Net margin	36.6%	57.3%	39.1%	15.7%	19.0%	22.6%
Return on equity	11.7%	11.0%	9.7%	2.9%	6.1%	7.2%
Return on assets	7.6%	6.5%	5.9%	1.8%	4.2%	5.6%
Return on invested capital	9.5%	8.8%	8.1%	3.3%	7.2%	8.0%
Debt / equity	0.40	0.47	0.44	0.46	0.33	0.17
Net debt / EBITDA	2.0x	3.0x	3.0x	6.4x	2.3x	1.1x
Interest coverage	8.9x	9.6x	6.1x	1.5x	2.9x	4.7x
Current ratio	4.25	2.36	3.66	5.30	2.94	3.16
Quick ratio	0.70	0.30	0.50	0.55	0.67	0.57

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.