WINE.RO · BVB
Purcari Wineries: 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 | 204M RON | 248M RON | 302M RON | 370M RON | 382M RON | 436M RON | +14% |
| Gross profit | 97.8M RON | 116M RON | 132M RON | 154M RON | 185M RON | 200M RON | +8% |
| Operating income | 48.6M RON | 62.0M RON | 60.1M RON | 74.2M RON | 77.9M RON | 79.8M RON | +3% |
| EBITDA | 60.7M RON | 75.8M RON | 79.2M RON | 101M RON | 107M RON | 113M RON | +6% |
| Interest expense | 8.7M RON | 7.0M RON | 8.0M RON | 7.6M RON | 10.5M RON | 20.3M RON | +93% |
| Profit before tax | 70.1M RON | 61.6M RON | 80.8M RON | 71.0M RON | 70.8M RON | 65.2M RON | -8% |
| Income tax | 10.8M RON | 10.4M RON | 12.1M RON | 7.0M RON | 12.0M RON | 11.2M RON | -7% |
| Net income | 56.4M RON | 47.0M RON | 64.8M RON | 60.4M RON | 55.7M RON | 52.2M RON | -6% |
Cash flow
| RON | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 36.3M RON | 34.2M RON | 15.7M RON | 50.6M RON | 36.9M RON | 31.5M RON | -15% |
| Capital expenditure | 21.3M RON | 25.1M RON | 32.9M RON | 41.5M RON | 58.8M RON | 75.5M RON | +29% |
| Free cash flow | 15.0M RON | 9.1M RON | -17.2M RON | 9.1M RON | -21.9M RON | -44.0M RON | -101% |
| Depreciation & amortization | 12.1M RON | 13.8M RON | 19.1M RON | 26.4M RON | 28.7M RON | 32.9M RON | +15% |
Balance sheet
| RON | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year |
|---|---|---|---|---|---|---|---|
| Cash | 50.8M RON | 32.1M RON | 23.5M RON | 18.6M RON | 20.7M RON | 19.1M RON | -8% |
| Inventory | 83.0M RON | 175M RON | 213M RON | 266M RON | 300M RON | 342M RON | +14% |
| Current assets | 189M RON | 277M RON | 323M RON | 376M RON | 431M RON | 510M RON | +18% |
| Total assets | 382M RON | 467M RON | 570M RON | 645M RON | 739M RON | 869M RON | +18% |
| Current liabilities | 106M RON | 162M RON | 182M RON | 139M RON | 179M RON | 271M RON | +52% |
| Financial debt | — | 90.7M RON | 126M RON | 141M RON | 202M RON | 279M RON | +38% |
| Total liabilities | 159M RON | 204M RON | 262M RON | 279M RON | 341M RON | 437M RON | +28% |
| Shareholders' equity | 206M RON | 243M RON | 275M RON | 330M RON | 360M RON | 395M RON | +9% |
| Net debt | -50.8M RON | 58.6M RON | 103M RON | 122M RON | 181M RON | 260M RON | +43% |
Dividend profile
- Paying in a row
- 6+ years
- Raised in a row
- 0 years
- Growth per year
- n/a
- Paid out of profit
- 44.3%
- 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 | 2.0M RON | 27.6M RON | 20.4M RON | 22.0M RON | 26.2M RON | 26.3M RON | +0% |
| Dividends / net income | 3.6% | 58.7% | 31.4% | 36.5% | 47.1% | 50.4% | |
| Dividends / free cash flow | 13.6% | 303.9% | — | 240.8% | — | — |
Ratios
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year | |
|---|---|---|---|---|---|---|---|
| Gross margin | 48.0% | 46.7% | 43.7% | 41.8% | 48.4% | 45.7% | |
| Operating margin | 23.9% | 25.0% | 19.9% | 20.1% | 20.4% | 18.3% | |
| Net margin | 27.7% | 18.9% | 21.4% | 16.3% | 14.6% | 12.0% | |
| Return on equity | 27.3% | 19.3% | 23.6% | 18.3% | 15.4% | 13.2% | |
| Return on assets | 14.8% | 10.1% | 11.4% | 9.4% | 7.5% | 6.0% | |
| Return on invested capital | 26.4% | 22.5% | 15.1% | 16.1% | 13.0% | 11.1% | |
| Debt / equity | — | 0.37 | 0.46 | 0.43 | 0.56 | 0.71 | |
| Net debt / EBITDA | -0.8x | 0.8x | 1.3x | 1.2x | 1.7x | 2.3x | |
| Interest coverage | 5.6x | 8.9x | 7.6x | 9.7x | 7.4x | 3.9x | |
| Current ratio | 1.78 | 1.71 | 1.78 | 2.71 | 2.41 | 1.88 | |
| Quick ratio | 1.00 | 0.63 | 0.60 | 0.79 | 0.73 | 0.62 |
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.