Assets

The company's long-term assets, comprising goodwill, other intangible assets, property, plant, and equipment, and investments in associates, have remained relatively stable, indicating a cautious approach to capital expenditures and a focus on preserving existing assets. In contrast, the company's short-term assets, including inventories, trade receivables, and cash and cash equivalents, have experienced fluctuations, suggesting a need for improved inventory management and more efficient working capital management. Overall, the company's total assets and investments have remained relatively stable, reflecting a balanced approach to asset management, but with some areas requiring attention to optimize asset utilization and minimize waste.

Shareholders Equity

The company's Shareholders Equity has demonstrated a stable trend over the past year, with a slight increase in equity attributable to owners of the parent, indicating a solid foundation for future growth. However, the decrease in retained earnings and invested unrestricted equity fund suggests that the company may be prioritizing short-term investments over long-term profitability, which warrants further examination. Additionally, the relatively low return on equity (ROE) suggests that the company's equity is not being efficiently utilized, which may be a concern for investors.

The value of Anora Equity at the end of Q2 2026 is 379 million Euros. The predicted value of Anora Equity at the end of Q2 2027 (e) is 402.6 million Euros. Anora Equity is expected to change by 23.6 million Euros in one year, which is a 6.2% increase from the Q2 2026 value. The change in Anora Equity from 2025 to 2026 is 6.8 million Euros, which is a 1.73% increase. From 2026 to 2027, the change is 24.7 million Euros, representing a 6.16% increase. The year-end values for Equity are 392.7 million Euros in 2025, 399.5 million Euros in 2026, and 423.2 million Euros in 2027.

*Future dividents are not included in prediction

Debt

The company's reliance on short-term debt is a concern, as it indicates a lack of long-term financing options and may lead to refinancing risks in the future. The gearing ratio, while fluctuating, remains relatively high, suggesting that the company's capital structure is heavily influenced by debt, which may limit its flexibility in responding to changing market conditions. Furthermore, the equity ratio, although stable, is not particularly strong, indicating that the company's ability to absorb potential losses or shocks may be limited, making it vulnerable to market downturns.

The Net Debt in Q2 2026 is 176.9 million Euros. The predicted Net Debt in Q2 2027 (e) is 166.4 million Euros, indicating a decrease of 10.5 million Euros. This represents a decrease of approximately 5.9% from the Q2 2026 value. The Net Debt is expected to increase by 22.8 million Euros from 2025 to 2026, which is a 22.5% increase. From 2026 to 2027, the Net Debt is expected to decrease by 10.1 million Euros, a 8.1% decrease. The year-end Net Debt values are 101.5 million Euros in 2025, 124.3 million Euros in 2026, and 114.2 million Euros in 2027.