Assets

The company's long-term assets, comprising property, plant, and equipment, as well as right-of-use assets, have shown a moderate increase, indicating a steady investment in capital expenditures to support business growth. Conversely, the short-term assets, including inventories and trade and other receivables, have experienced a notable increase, suggesting a potential shift towards a more asset-intensive business model. Overall, the company's total assets have expanded, driven by both long-term and short-term asset growth, while investments have remained relatively stable, indicating a cautious approach to capital allocation.

Shareholders Equity

The company's Shareholders' Equity has demonstrated a notable increase over the past year, primarily driven by a significant rise in retained earnings, which suggests that the company has been generating substantial profits. However, this growth has been somewhat offset by a decrease in the exchange differences component, indicating that the company's foreign currency-denominated assets and liabilities have become less favorable. Overall, the trend in Shareholders' Equity suggests that the company's financial performance has been strong, but its foreign exchange exposure remains a key area of concern.

The value of Incap Equity at the end of Q2 2026 is 141.5 million Euros. The predicted value of Incap Equity at the end of Q2 2027 (e) is 171.5 million Euros. The expected change in one year is 30 million Euros, which is an increase of 21.2% from the Q2 2026 value. The Incap Equity is expected to increase by 21.1 million Euros from 2025 to 2026, which is a 15.6% change. From 2026 to 2027, the Incap Equity is predicted to increase by 25.5 million Euros, representing a 16.3% change. The year-end values for Equity are 135.2 million Euros in 2025, 156.3 million Euros in 2026, and 182.8 million Euros in 2027.

*Future dividents are not included in prediction

Debt

The company's long-term debt has been increasing steadily over the past year, indicating a growing reliance on external financing to support its operations. However, the gearing ratio, which measures the proportion of debt to equity, has actually decreased, suggesting that the company is effectively managing its debt levels and maintaining a healthy balance between debt and equity financing. Furthermore, the equity ratio, which measures the proportion of equity to total assets, remains strong, indicating that the company has a solid foundation of equity to support its operations and mitigate the impact of debt.

The Net Debt in Q2 2026 is 9.1 million Euros. The predicted Net Debt in Q2 2027 (e) is -23.2 million Euros, indicating a significant change. The expected change in one year is a decrease of 32.3 million Euros, which is a 355% decrease from the Q2 2026 value. The Net Debt is expected to decrease by 42.2 million Euros from 2025 to 2026, which is a 80.3% reduction. From 2026 to 2027, the Net Debt is expected to increase by 17.6 million Euros, which is a 165.0% increase. The year-end Net Debt values are -52.9 million Euros in 2025, -10.7 million Euros in 2026, and -28.3 million Euros in 2027.