Reported Earnings • Jul 19Full year 2026 earnings released: EPS: €2.79 (vs €1.65 in FY 2025)Full year 2026 results: EPS: €2.79 (up from €1.65 in FY 2025). Revenue: €3.02m (down 11% from FY 2025). Net income: €1.29m (up 69% from FY 2025). Profit margin: 43% (up from 22% in FY 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 7% per year.
New Risk • Jul 07New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.4% operating cash flow to total debt). Earnings have declined by 24% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Revenue is less than US$5m (€3.2m revenue, or US$3.7m). Market cap is less than US$100m (€15.1m market cap, or US$17.2m).
New Risk • Jan 03New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 8.4% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.4% operating cash flow to total debt). Earnings have declined by 24% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.9% average weekly change). Large one-off items impacting financial results. Revenue is less than US$5m (€3.2m revenue, or US$3.8m). Market cap is less than US$100m (€15.1m market cap, or US$17.7m).