Reported Earnings • Jun 04
First quarter 2026 earnings released: €0.06 loss per share (vs €0.086 loss in 1Q 2025) First quarter 2026 results: €0.06 loss per share (improved from €0.086 loss in 1Q 2025). Revenue: €121.3m (up 4.7% from 1Q 2025). Net loss: €2.54m (loss narrowed 28% from 1Q 2025). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Declared Dividend • May 25
Dividend of €0.70 announced Shareholders will receive a dividend of €0.70. Ex-date: 5th June 2026 Payment date: 9th June 2026 Dividend yield will be 5.9%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is not covered by earnings (187% earnings payout ratio). However, it is well covered by cash flows (31% cash payout ratio). The dividend has increased by an average of 28% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 108% to bring the payout ratio under control. EPS is expected to grow by 59% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Apr 26
Full year 2025 earnings released: EPS: €0.37 (vs €0.27 in FY 2024) Full year 2025 results: EPS: €0.37 (up from €0.27 in FY 2024). Revenue: €529.5m (up 12% from FY 2024). Net income: €15.2m (up 38% from FY 2024). Profit margin: 2.9% (up from 2.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Reported Earnings • Sep 14
Second quarter 2025 earnings released: EPS: €0.12 (vs €0.064 in 2Q 2024) Second quarter 2025 results: EPS: €0.12 (up from €0.064 in 2Q 2024). Revenue: €131.0m (up 18% from 2Q 2024). Net income: €5.12m (up 93% from 2Q 2024). Profit margin: 3.9% (up from 2.4% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Declared Dividend • Jun 06
Dividend increased to €0.70 Dividend of €0.70 is 40% higher than last year. Ex-date: 17th June 2025 Payment date: 19th June 2025 Dividend yield will be 7.1%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is not covered by earnings (146% earnings payout ratio). However, it is well covered by cash flows (39% cash payout ratio). The dividend has increased by an average of 31% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 62% to bring the payout ratio under control. EPS is expected to grow by 118% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Jun 05
Ibersol, S.G.P.S., S.A. announces Annual dividend, payable on June 19, 2025 Ibersol, S.G.P.S., S.A. announced Annual dividend of EUR 0.7000 per share payable on June 19, 2025, ex-date on June 17, 2025 and record date on June 18, 2025. Announcement • May 09
Ibersol, S.G.P.S., S.A., Annual General Meeting, May 29, 2025 Ibersol, S.G.P.S., S.A., Annual General Meeting, May 29, 2025. Location: edificio peninsula praca do bom sucesso, 105 159 9th floor, porto Portugal Reported Earnings • May 05
Full year 2024 earnings released: EPS: €0.26 (vs €0.35 in FY 2023) Full year 2024 results: EPS: €0.26 (down from €0.35 in FY 2023). Revenue: €474.3m (up 13% from FY 2023). Net income: €11.0m (down 25% from FY 2023). Profit margin: 2.3% (down from 3.5% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €8.96, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Hospitality industry in the United Kingdom. Total returns to shareholders of 44% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €8.67 per share. Reported Earnings • Dec 01
Third quarter 2024 earnings released: EPS: €0.18 (vs €0.15 in 3Q 2023) Third quarter 2024 results: EPS: €0.18 (up from €0.15 in 3Q 2023). Revenue: €137.0m (up 17% from 3Q 2023). Net income: €7.28m (up 15% from 3Q 2023). Profit margin: 5.3% (down from 5.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 01
Second quarter 2024 earnings released: EPS: €0.056 (vs €0.065 in 2Q 2023) Second quarter 2024 results: EPS: €0.056 (down from €0.065 in 2Q 2023). Revenue: €111.1m (up 7.8% from 2Q 2023). Net income: €2.65m (down 11% from 2Q 2023). Profit margin: 2.4% (down from 2.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Hospitality industry in the United Kingdom. Upcoming Dividend • Jun 10
Upcoming dividend of €0.50 per share Eligible shareholders must have bought the stock before 17 June 2024. Payment date: 19 June 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (2.1%). Reported Earnings • Jun 05
First quarter 2024 earnings released: €0.02 loss per share (vs €0.005 profit in 1Q 2023) First quarter 2024 results: €0.02 loss per share (down from €0.005 profit in 1Q 2023). Revenue: €98.2m (up 9.7% from 1Q 2023). Net loss: €870.3k (down €1.08m from profit in 1Q 2023). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 02
Full year 2023 earnings released: EPS: €0.35 (vs €0.43 in FY 2022) Full year 2023 results: EPS: €0.35 (down from €0.43 in FY 2022). Revenue: €418.2m (up 18% from FY 2022). Net income: €14.7m (down 12% from FY 2022). Profit margin: 3.5% (down from 4.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. New Risk • Sep 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.5% 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: Minor Risks Dividend is not well covered by earnings (156% payout ratio). Profit margins are more than 30% lower than last year (4.8% net profit margin). Shareholders have been diluted in the past year (8.5% increase in shares outstanding). Reported Earnings • Sep 23
Second quarter 2023 earnings released: EPS: €0.073 (vs €0.14 in 2Q 2022) Second quarter 2023 results: EPS: €0.073 (down from €0.14 in 2Q 2022). Revenue: €103.1m (down 24% from 2Q 2022). Net income: €2.97m (down 45% from 2Q 2022). Profit margin: 2.9% (down from 4.0% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Hospitality industry in the United Kingdom. Announcement • Aug 05
Fergie - Servicos E Gestao, S.A. acquired 10.74% stake in Ibersol, S.G.P.S., S.A. (ENXTLS:IBS) from Atps SGPS , S.A. Fergie - Servicos E Gestao, S.A. acquired 10.74% stake in Ibersol, S.G.P.S., S.A. (ENXTLS:IBS) from Atps SGPS , S.A. on July 28, 2023.Fergie - Servicos E Gestao, S.A. completed the acquisition of 10.74% stake in Ibersol, S.G.P.S., S.A. (ENXTLS:IBS) from Atps SGPS , S.A. on July 28, 2023. Upcoming Dividend • Jun 09
Upcoming dividend of €0.70 per share at 9.7% yield Eligible shareholders must have bought the stock before 16 June 2023. Payment date: 20 June 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 9.7%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (1.8%). Reported Earnings • Jun 02
First quarter 2023 earnings released: EPS: €0.01 (vs €0.04 loss in 1Q 2022) First quarter 2023 results: EPS: €0.01 (up from €0.04 loss in 1Q 2022). Revenue: €89.6m (down 16% from 1Q 2022). Net income: €212.6k (up €1.91m from 1Q 2022). Profit margin: 0.2% (up from net loss in 1Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • May 09
Ibersol, S.G.P.S., S.A., Annual General Meeting, May 26, 2023 Ibersol, S.G.P.S., S.A., Annual General Meeting, May 26, 2023, at 15:00 Coordinated Universal Time. Location: Edifício Península, Praça do Bom Sucesso, 105/159, 9th floor Porto Portugal Agenda: To consider deliberate on the Management Report and Accounts, individual and consolidated, for the financial year 2022 and other accountability documentation for the same financial year; to consider deliberate on the proposal for application of results of 2022 financial year; to consider deliberate on the general appraisal of the Company's management and supervision; to consider deliberate on the internal policy for selecting and evaluating the adequacy of the members of the Company's management and supervisory bodies; to consider deliberate on the granting of authorization for the acquisition and disposal of own shares by the Company and dependent companies; and to transact other business. Reported Earnings • Dec 02
Third quarter 2022 earnings released Third quarter 2022 results: Net income: (down €2.77m from profit in 3Q 2021). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Hospitality industry in the United Kingdom. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Non-Executive Director Juan Carlos Vázquez-Dodero de Bonifaz was the last independent director to join the board, commencing their role in 1999. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 15
Second quarter 2022 earnings released: EPS: €0.13 (vs €0.22 loss in 2Q 2021) Second quarter 2022 results: EPS: €0.13 (up from €0.22 loss in 2Q 2021). Revenue: €135.6m (up 71% from 2Q 2021). Net income: €5.41m (up €12.6m from 2Q 2021). Profit margin: 4.0% (up from net loss in 2Q 2021). Revenue is expected to decline by 5.0% p.a. on average during the next 3 years, while revenues in the Hospitality industry in the United Kingdom are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 10
Upcoming dividend of €0.14 per share Eligible shareholders must have bought the stock before 17 June 2022. Payment date: 21 June 2022. Trailing yield: 2.1%. Lower than top quartile of British dividend payers (4.8%). Higher than average of industry peers (1.2%). Reported Earnings • May 07
Full year 2021 earnings released: EPS: €0.93 (vs €1.70 loss in FY 2020) Full year 2021 results: EPS: €0.93 (up from €1.70 loss in FY 2020). Revenue: €357.3m (up 24% from FY 2020). Net income: €31.4m (up €86.6m from FY 2020). Profit margin: 8.8% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Over the next year, revenue is forecast to grow 27%, compared to a 33% growth forecast for the restaurants industry in the United Kingdom. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Juan Carlos Vázquez-Dodero de Bonifaz was the last independent director to join the board, commencing their role in 1999. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Feb 02
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Juan Carlos Vázquez-Dodero de Bonifaz was the last independent director to join the board, commencing their role in 1999. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Dec 14
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Juan Carlos Vázquez-Dodero de Bonifaz was the last independent director to join the board, commencing their role in 1999. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 22
Third quarter 2021 earnings: EPS in line with expectations, revenues disappoint Third quarter 2021 results: EPS: €0.09 (up from €0.11 loss in 3Q 2020). Revenue: €106.8m (up 33% from 3Q 2020). Net income: €2.77m (up €6.28m from 3Q 2020). Profit margin: 2.6% (up from net loss in 3Q 2020). Revenue missed analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 37%, compared to a 48% growth forecast for the industry in the United Kingdom. Board Change • Oct 28
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Non-Executive Director Juan Carlos Vázquez-Dodero de Bonifaz was the last independent director to join the board, commencing their role in 1999. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Jun 01
First quarter 2021 earnings released The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: €55.7m (down 41% from 1Q 2020). Net loss: €15.7m (loss widened 75% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Reported Earnings • May 04
Full year 2020 earnings released: €1.70 loss per share (vs €0.54 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €288.9m (down 41% from FY 2019). Net loss: €55.2m (down 414% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. 
