Reported Earnings • Jun 17
Full year 2025 earnings released Full year 2025 results: Revenue: €14.1m (down 22% from FY 2024). Net loss: €971.8k (down 164% from profit in FY 2024). Revenue is forecast to grow 59% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Construction industry in Spain. Announcement • May 28
CLERHP Estructuras, S.A., Annual General Meeting, Jun 29, 2026 CLERHP Estructuras, S.A., Annual General Meeting, Jun 29, 2026. Location: avenida de europa 3b, entresuelo, murcia., Spain New Risk • May 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Spanish stocks, typically moving 7.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.0% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Shareholders have been diluted in the past year (23% increase in shares outstanding). New Risk • May 20
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (5.2% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Buy Or Sell Opportunity • Jan 30
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 43% to €6.16. The fair value is estimated to be €5.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company became loss making. Announcement • Jan 21
An undisclosed buyer acquired an unknown minority stake in CLERHP Estructuras, S.A. (BME:CLR) from Inveready Asset Management, S.G.E.I.C., S.A. An undisclosed buyer acquired an unknown minority stake in CLERHP Estructuras, S.A. (BME:CLR) from Inveready Asset Management, S.G.E.I.C., S.A. on January 20, 2026.
An undisclosed buyer completed the acquisition of an unknown minority stake in CLERHP Estructuras, S.A. (BME:CLR) from Inveready Asset Management, S.G.E.I.C., S.A. on January 20, 2026. New Risk • Jan 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.6% average weekly change). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). Buy Or Sell Opportunity • Dec 10
Now 20% undervalued Over the last 90 days, the stock has risen 14% to €4.90. The fair value is estimated to be €6.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company became loss making. Announcement • Dec 05
Clerhp Announces Larimar City & Resort CLERHP announced Larimar City & Resort marking a historic milestone in urban development in the Caribbean. The event gathered more than 300 guests, including government authorities, business leaders, investors, and members of Dominican society, together with strategic collaborators. Larimar City & Resort is positioned as one of the most innovative and ambitious urban projects in Latin America. Conceived as the first smart city in the Dominican Republic, the development integrates sustainability, advanced engineering, and a long-term vision for urban living. The project received the support of the Embassy of the Kingdom of Spain, represented by the Economic and Commercial Counsellor, Mrs. Pilar Serret Murga, as well as local authorities such as Alexander Rodríguez, Mayor of La Otra Banda. The ceremony was led by former Minister of Culture Milagros Germán and opened with a solemn blessing by the Bishop of La Altagracia, Monsignor Jesús Castro Marte. The event underscored the institutional significance of Larimar as a transformative project for the region. New Risk • Sep 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Spanish stocks, typically moving 5.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Share price has been highly volatile over the past 3 months (5.8% average weekly change). High level of non-cash earnings (39% accrual ratio). Minor Risk Market cap is less than US$100m (€61.6m market cap, or US$72.1m). Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to €4.54, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 18x in the Construction industry in Spain. Total returns to shareholders of 138% over the past three years. Announcement • May 27
CLERHP Estructuras, S.A., Annual General Meeting, Jun 26, 2025 CLERHP Estructuras, S.A., Annual General Meeting, Jun 26, 2025. Location: avenida de europa 3b, entresuelo primero, murcia Spain New Risk • May 22
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 39% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Share price has been highly volatile over the past 3 months (9.7% average weekly change). High level of non-cash earnings (39% accrual ratio). Minor Risk Market cap is less than US$100m (€49.4m market cap, or US$55.8m). Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €3.61, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 16x in the Construction industry in Spain. Total returns to shareholders of 101% over the past three years. New Risk • Apr 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Spanish stocks, typically moving 9.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.0% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€53.9m market cap, or US$60.3m). New Risk • Nov 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. 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 (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (6.6% average weekly change). High level of non-cash earnings (29% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Profit margins are more than 30% lower than last year (4.1% net profit margin). Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (€59.2m market cap, or US$62.6m). New Risk • Jun 11
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.1% Last year net profit margin: 8.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (29% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (4.1% net profit margin). Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (€66.7m market cap, or US$71.6m). Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €4.88, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 16x in the Construction industry in Spain. Total returns to shareholders of 162% over the past three years. New Risk • May 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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 (currently running at an operating cash loss). High level of non-cash earnings (69% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (€57.7m market cap, or US$62.7m). New Risk • Apr 28
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2022. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2022 fiscal period end). Interest payments are not well covered by earnings (2.8x net interest cover). High level of non-cash earnings (61% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.2% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (€52.6m market cap, or US$56.2m). New Risk • Mar 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). High level of non-cash earnings (61% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (6.6% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (€55.9m market cap, or US$61.1m). Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €4.03, the stock trades at a trailing P/E ratio of 55.7x. Average trailing P/E is 17x in the Construction industry in Spain. Total returns to shareholders of 188% over the past three years. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to €4.05, the stock trades at a trailing P/E ratio of 56x. Average trailing P/E is 15x in the Construction industry in Spain. Total returns to shareholders of 181% over the past three years. New Risk • Nov 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 Interest payments are not well covered by earnings (2.8x net interest cover). High level of non-cash earnings (61% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (5.6% average weekly change). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (€36.8m market cap, or US$40.0m). New Risk • Oct 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Spanish stocks, typically moving 5.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Share price has been highly volatile over the past 3 months (5.6% average weekly change). High level of non-cash earnings (61% accrual ratio). Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (€36.5m market cap, or US$38.4m). Announcement • Aug 28
CLERHP Estructuras, S.A. announced that it expects to receive €1.4 million in funding CLERHP Estructuras, S.A. announced that it has entered into a financing agreement to issue convertible bonds for gross proceeds of €1,400,000 on August 26, 2021. The bonds will be convertible into shares at a conversion price of €1.40 per share. The bonds will carry a maturity period of 5 years from the date of issuance. Announcement • Mar 04
CLERHP Estructuras, S.A. announced that it has received €10 million in funding from LDA Capital, LLC CLERHP Estructuras, S.A. (BME:CLR) announced a private placement of common shares for gross proceeds of €10,000,000 on March 3, 2021. The transaction includes participation from LDA Capital, LLC. The investor has an option to acquire additional million in shares of the company. Is New 90 Day High Low • Feb 26
New 90-day high: €1.98 The company is up 38% from its price of €1.43 on 27 November 2020. The Spanish market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 4.0% over the same period. Is New 90 Day High Low • Feb 09
New 90-day high: €1.55 The company is up 19% from its price of €1.30 on 10 November 2020. The Spanish market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 1.0% over the same period. Is New 90 Day High Low • Jan 14
New 90-day high: €1.50 The company is up 12% from its price of €1.34 on 16 October 2020. The Spanish market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 13% over the same period. Is New 90 Day High Low • Nov 03
New 90-day low: €1.16 The company is down 5.0% from its price of €1.22 on 04 August 2020. The Spanish market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 8.0% over the same period. Valuation Update With 7 Day Price Move • Nov 03
Market pulls back on stock over the past week After last week's 17% share price decline to €1.16, the stock is trading at a trailing P/E ratio of 11.9x, down from the previous P/E ratio of 14.3x. This compares to an average P/E of 10x in the Construction industry in Spain. Total returns to shareholders over the past three years are 5.5%. Announcement • Jul 30
CLERHP Estructuras, S.A. (BME:CLR) acquired 22.75% stake in Civigner SL for €0.1 million. CLERHP Estructuras, S.A. (BME:CLR) acquired 22.75% stake in Civigner SL for €0.1 million on June 24, 2020. Juan Andrés Romero Hernández, has been appointed as President and CEO of the acquired company Civigner, SL
CLERHP Estructuras, S.A. (BME:CLR) completed the acquisition of 22.75% stake in Civigner SL on June 24, 2020.