2025 | 2024 | ||
Net revenue | 118.924.302 | 113.024.934 | |
Cost of sales | (79.902.119) | (75.415.589) | |
Gross margin | 39.022.183 | 37.609.345 | |
Other operating income | 1.146.210 | 1.306.766 | |
Sale and distribution expenses | (25.440.243) | (25.712.878) | |
Administrative expenses | (6.551.855) | (6.467.999) | |
Operating profit | 8.176.295 | 6.735.234 | |
Interest income | 184.289 | 183.178 | |
Interest expense | (780.957) | (536.166) | |
Foreign exchange gains/(losses) | (42.647) | (44.041) | |
Profit before tax | 7.536.980 | 6.338.205 | |
Current income tax charge | (1.306.820) | (931.622) | |
Deferred income tax | 20.181 | (87.988) | |
Net profit for the year | 6.250.341 | 5.318.595 | |
Other comprehensive income | - | - | |
Comprehensive income for the year | 6.250.341 | 5.318.595 | |
Earnings per share | 0.2000 | 0,1702 |
Marius Ionita Ciprian Balasca
General Manager Financial Manager
STATEMENT OF FINANCIAL POSITION31 December | 31 December | ||
2025 | 2024 | ||
Non-current assets | |||
Intangible non-current assets | 10.366 | 69.971 | |
Tangible non-current assets | 30.343.160 | 32.005.128 | |
Right of use assets | 6.404.090 | 6.152.563 | |
Shares in affiliates | 7.136.564 | 7.136.564 | |
Long-term receivables | 211.489 | 193.665 | |
Deferred income tax | - | - | |
Total non-current assets | 44.105.669 | 45.557.891 | |
Current assets | |||
Inventories | 23.945.806 | 22.378.234 | |
Receivables | 35.029.521 | 24.291.130 | |
Other receivables and prepayments | 1.482.238 | 1.270.573 | |
Loans to affiliates | 2.434.062 | 2.374.673 | |
Cash and cash equivalents | 1.548.902 | 2.958.982 | |
Total current assets | 64.440.529 | 53.273.592 | |
TOTAL ASSETS | 108.546.198 | 98.831.483 | |
LIABILITIES AND EQUITY | |||
Equity | |||
Share capital | 10.337.676 | 10.337.676 | |
Share premiums | 26.693.396 | 26.693.396 | |
Retained earnings | 14.424.489 | 13.486.648 | |
Reserves | 6.477.646 | 6.477.646 | |
Reevaluation reserves | 14.066.948 | 14.009.769 | |
Total equity | 72.000.155 | 71.005.135 | |
Long-term liabilities | |||
Long-term loans | - | - | |
Investment subsidies | 2.383.234 | 2.677.757 | |
Lease liabilities | 4.382.118 | 4.202.781 | |
Deferred income tax | 2.261.238 | 2.338.598 | |
Total long-term liabilities | 9.026.590 | 9.219.136 | |
Current liabilities | |||
Suppliers and other payables | 7.610.270 | 6.369.837 | |
Lease liabilities | 2.193.139 | 2.040.470 | |
Short-term loans | 17.716.044 | 10.196.905 | |
Current income tax payable | - | - | |
Total current liabilities | 27.519.453 | 18.607.212 | |
LIABILITIES AND EQUITY - TOTAL | 108.546.198 | 98.831.483 |
Marius Ionita Ciprian Balasca
General Manager Financial Manager
STATEMENT OF CASH FLOWS | |||
2025 | 2024 | ||
Cash flows from operating activities | |||
Profit before tax | 7.536.980 | 6.338.205 | |
Adjustments for monetary items: | |||
Amortization expenses 7,8 | 4.381.088 | 4.596.594 | |
Setting /(reversal) of provisions for doubtful customers and inventories | (387.365) | (1.245.916) | |
Setting /(reversal) of provisions, net | - | - | |
(Profit) /loss from sale of tangible assets | - | (147.094) | |
Revenues from reversal of investment subsidies | (294.523) | (316.193) | |
Interest (income)/expenses - net | 369.826 | 257.025 | |
Operating income before other changes in working capital | 11.606.006 | 9.482.621 | |
(Increases)/Decreases in trade and other receivables | (11.428.383) | (2.774.553) | |
(Increase)/decrease in inventories | (1.145.084) | (1.368.769) | |
Increases/(decreases) in suppliers and other payables | 1.419.769 | 2.953.398 | |
Net cash after changes in working capital | 425.308 | 8.292.697 | |
Income tax paid | (1.272.568) | (1.615.865) | |
Interest paid | (427.328) | (277.160) | |
Net cash generated from / (used in) operating activities | (1.247.588) | 6.399.672 | |
Net cash flows from investment | |||
Value adjustments of fixed assets from revaluation | - | (16.678.373) | |
Reevaluation reserves | - | 14.009.769 | |
Purchases of tangible, intangible and financial assets 7,9 | (154.636) | (121.472) | |
Interest received Cash advances and loans to other parties | 57.502 - | 20.135 - | |
Net cash generated from / (used in) investment | (97.134) | (2.769.941) | |
Cash flows from finance activities | |||
Dividends paid | (5.312.500) | (6.250.000) | |
Loans received | 7.671.808 | 6.017.608 | |
Loans reimbursement 17 Payments for lease liability | -(2.424.666) | -(2.589.894) | |
Net cash (used in) finance activities | (65.358) | (2.822.286) | |
Increase/(decrease) in cash and cash equivalents | (1.410.080) | 807.445 | |
Cash and cash equivalents at beginning of period | 2.958..982 | 2.151.537 | |
Cash and cash equivalents at the end of period | 1.548.902 | 2.958.982 | |
Marius Ionita Ciprian Balasca
General Manager Financial Manager
STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY Share Reevaluation Retained Capital premium Reserves Reserves earnings Total equity1 January 2024 | 10.337.676 26.693.396 | 6.477.646 | - 14.418.053 | 57.926.771 | |||
Dividends distributed | - | - | - - | (6.250.000) | (6.250.000) | ||
Profit for 2024 | - | - | - - | 5.318.595 | 5.318.595 | ||
Reevaluation of tangible | |||||||
assets | 14.009.769 | ||||||
31 December 2024 | 10.337.676 26.693.396 | 6.477.646 | 14.009.769 13.486.648 | 71.005.135 | |||
Dividends distributed | - | - | - - | (5.312.500) | (5.312.500) | ||
Profit for 2025 | - | - | - - | 6.250.341 | 6.250.341 | ||
Reevaluation of tangible assets | 57.179 | 57.179 | |||||
31 December 2025 | 10.337.676 26.693.396 | 6.477.646 | 14.066.948 13.486.648 72.000.155 | ||||
Marius Ionita Ciprian Balasca
General Manager Financial Manager