Assets

The company's long-term assets, primarily comprised of property, plant, and equipment, have shown a moderate increase in value, driven by strategic investments in new land lease agreements and office rental extensions. Conversely, the short-term assets, including cash and cash equivalents, have experienced a decline, indicating a potential shift in the company's liquidity profile. Overall, the company's total assets have remained relatively stable, suggesting a balanced approach to asset management, while investments in tangible assets have been a key driver of growth.

Shareholders Equity

The company's Shareholders' Equity has demonstrated a stable trend, with a slight increase in the current period, indicating a solid foundation for future growth. The equity ratio of 43.6% suggests a moderate level of leverage, which may be a deliberate strategy to balance risk and return. However, the decrease in retained earnings and the increase in translation differences may indicate some volatility in the company's operations and foreign exchange exposure.

The equity value for Q2 2026 is 34.3 million Euros, and the predicted equity value for Q2 2027 (e) is 41.0 million Euros. The expected change in equity value from Q2 2026 to Q2 2027 (e) is 6.7 million Euros, which represents a 19.7% increase. The equity is expected to increase by 5.0 million Euros from 2025 to 2026, representing a 14.6% change. From 2026 to 2027, the equity is predicted to rise by 2.6 million Euros, a 6.5% increase. The year-end values for Equity are 34.4 million Euros in 2025, 39.3 million Euros in 2026, and 41.9 million Euros in 2027.

*Future dividents are not included in prediction

Debt

The company's reliance on long-term debt, primarily in the form of non-current loans and lease liabilities, is a significant concern, as it may limit flexibility in managing cash flows and increase vulnerability to interest rate fluctuations. The gearing ratio, while within acceptable limits, suggests that the company's debt levels are substantial, potentially impacting its ability to absorb unexpected expenses or invest in growth initiatives. Notably, the equity ratio, while relatively stable, indicates that the company's equity base is not as robust as its debt levels, which may compromise its long-term financial resilience.

The Net Debt in Q2 2026 is 21.5 million Euros. The predicted Net Debt in Q2 2027 (e) is 16.1 million Euros, indicating a decrease of 5.4 million Euros. This represents a decrease of approximately 25.1% from the Q2 2026 value. The Net Debt is expected to decrease by 1.8 million Euros from 2025 to 2026, which is a 8.3% decrease. From 2026 to 2027, the Net Debt is expected to decrease by 7 million Euros, which is a 35.9% decrease. The year-end Net Debt values are 21.4 million Euros in 2025, 19.6 million Euros in 2026, and 12.6 million Euros in 2027.