TTS.RO · BVB
TTS (Transport Trade Services): 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 | 520M RON | 599M RON | 934M RON | 1.2B RON | 734M RON | 651M RON | -11% |
| Gross profit | 503M RON | 555M RON | — | — | — | — | |
| Operating income | 62.2M RON | 79.9M RON | 210M RON | 352M RON | 36.1M RON | 7.0M RON | -81% |
| EBITDA | 114M RON | 141M RON | 283M RON | 438M RON | 140M RON | 93.4M RON | -33% |
| Interest expense | 2.5M RON | 1.9M RON | 4.1M RON | 4.8M RON | 6.3M RON | 11.4M RON | +81% |
| Profit before tax | — | — | — | 354M RON | 35.3M RON | -2.2M RON | -106% |
| Income tax | 10.8M RON | 12.5M RON | 29.7M RON | 48.1M RON | 14.0M RON | 8.3M RON | -41% |
| Net income | 44.2M RON | 60.3M RON | 164M RON | 284M RON | 19.1M RON | -12.2M RON | -164% |
Cash flow
| RON | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 108M RON | 122M RON | 225M RON | 412M RON | 96.8M RON | 75.5M RON | -22% |
| Free cash flow | 108M RON | 122M RON | 225M RON | 412M RON | 96.8M RON | 75.5M RON | -22% |
| Depreciation & amortization | 52.0M RON | 61.6M RON | 72.9M RON | 86.1M RON | 104M RON | 86.3M RON | -17% |
Balance sheet
| RON | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year |
|---|---|---|---|---|---|---|---|
| Cash | 55.2M RON | 58.9M RON | 146M RON | 194M RON | 129M RON | 80.2M RON | -38% |
| Inventory | 23.0M RON | 31.0M RON | 39.7M RON | 34.7M RON | 25.6M RON | 26.5M RON | +3% |
| Current assets | 150M RON | 148M RON | 324M RON | 370M RON | 241M RON | 206M RON | -14% |
| Total assets | 751M RON | 797M RON | 1.0B RON | 1.3B RON | 1.3B RON | 1.3B RON | +4% |
| Current liabilities | 115M RON | 97.9M RON | 121M RON | 135M RON | 124M RON | 122M RON | -2% |
| Financial debt | 23.1M RON | 26.8M RON | 40.9M RON | 74.7M RON | 54.0M RON | 101M RON | +87% |
| Total liabilities | 146M RON | 134M RON | 187M RON | 252M RON | 221M RON | 313M RON | +42% |
| Shareholders' equity | 500M RON | 556M RON | 702M RON | 955M RON | 922M RON | 882M RON | -4% |
| Net debt | -32.0M RON | -32.1M RON | -105M RON | -119M RON | -75.2M RON | 20.9M RON | +128% |
Dividend profile
- Paying in a row
- 6+ years
- Raised in a row
- 0 years
- Growth per year
- n/a
- Paid out of profit
- 44.5%
- Paid out of free cash
- 22.1%
Latest dividend per share: 0.1549 RON. Without share prices EdgeScore shows no dividend yield.
Dividends
| RON | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year |
|---|---|---|---|---|---|---|---|
| Dividends paid | 15.3M RON | 16.2M RON | 17.9M RON | 33.0M RON | 68.3M RON | 27.9M RON | -59% |
| Dividend per share | — | — | — | 0.55 | 0.67 | 0.15 | |
| Dividends / net income | 34.6% | 26.9% | 10.9% | 11.6% | 358.0% | — | |
| Dividends / free cash flow | 14.2% | 13.3% | 7.9% | 8.0% | 70.5% | 36.9% |
Ratios
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year | |
|---|---|---|---|---|---|---|---|
| Gross margin | 96.6% | 92.6% | — | — | — | — | |
| Operating margin | 12.0% | 13.3% | 22.5% | 30.3% | 4.9% | 1.1% | |
| Net margin | 8.5% | 10.1% | 17.6% | 24.4% | 2.6% | -1.9% | |
| Return on equity | 8.9% | 10.8% | 23.4% | 29.7% | 2.1% | -1.4% | |
| Return on assets | 5.9% | 7.6% | 16.3% | 21.2% | 1.5% | -0.9% | |
| Return on invested capital | 10.5% | 12.7% | 29.7% | 42.4% | 2.6% | 0.6% | |
| Debt / equity | 0.05 | 0.05 | 0.06 | 0.08 | 0.06 | 0.11 | |
| Net debt / EBITDA | -0.3x | -0.2x | -0.4x | -0.3x | -0.5x | 0.2x | |
| Interest coverage | 24.5x | 41.7x | 50.7x | 73.2x | 5.7x | 0.6x | |
| Current ratio | 1.31 | 1.52 | 2.68 | 2.73 | 1.94 | 1.69 | |
| Quick ratio | 1.10 | 1.20 | 2.36 | 2.48 | 1.73 | 1.47 |
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.