Announcement • Jun 02
Agroland Business System S.A. to Report Q3, 2026 Results on Nov 06, 2026 Agroland Business System S.A. announced that they will report Q3, 2026 results on Nov 06, 2026 Reported Earnings • May 11
First quarter 2026 earnings released: EPS: RON0.037 (vs RON0.034 in 1Q 2025) First quarter 2026 results: EPS: RON0.037 (up from RON0.034 in 1Q 2025). Revenue: RON97.6m (up 9.3% from 1Q 2025). Net income: RON3.30m (up 8.3% from 1Q 2025). Profit margin: 3.4% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • May 02
Agroland Business System S.A. to Report Q1, 2026 Results on May 08, 2026 Agroland Business System S.A. announced that they will report Q1, 2026 results on May 08, 2026 Reported Earnings • Feb 21
Full year 2025 earnings released: EPS: RON0.11 (vs RON0.085 in FY 2024) Full year 2025 results: EPS: RON0.11 (up from RON0.085 in FY 2024). Revenue: RON361.9m (up 18% from FY 2024). Net income: RON10.2m (up 34% from FY 2024). Profit margin: 2.8% (up from 2.5% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Jan 13
Agroland Business System S.A., Annual General Meeting, Apr 30, 2026 Agroland Business System S.A., Annual General Meeting, Apr 30, 2026. Reported Earnings • Nov 09
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: RON73.1m (up 27% from 3Q 2024). Net loss: RON2.51m (loss narrowed 37% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 08
Second quarter 2025 earnings released: EPS: RON0.10 (vs RON0.084 in 2Q 2024) Second quarter 2025 results: EPS: RON0.10 (up from RON0.084 in 2Q 2024). Revenue: RON141.8m (up 8.1% from 2Q 2024). Net income: RON9.00m (up 19% from 2Q 2024). Profit margin: 6.3% (up from 5.8% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 02
First quarter 2025 earnings released First quarter 2025 results: EPS: RON0.034. Revenue: RON90.3m (up 20% from 1Q 2024). Net income: RON3.04m (up 36% from 1Q 2024). Profit margin: 3.4% (up from 3.0% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. New Risk • Jun 02
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% 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 (2.5x net interest cover). Earnings have declined by 3.4% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio). Minor Risk Market cap is less than US$100m (RON117.0m market cap, or US$26.3m). Reported Earnings • Feb 24
Full year 2024 earnings released Full year 2024 results: Revenue: RON312.0m (up 7.7% from FY 2023). Net income: RON7.69m (up 63% from FY 2023). Profit margin: 2.5% (up from 1.6% in FY 2023). The increase in margin was driven by higher revenue. Announcement • Jan 17
Agroland Business System S.A., Annual General Meeting, Apr 29, 2025 Agroland Business System S.A., Annual General Meeting, Apr 29, 2025. Reported Earnings • Dec 01
Third quarter 2024 earnings released Third quarter 2024 results: RON0.044 loss per share. Revenue: RON59.5m (down 1.1% from 3Q 2023). Net loss: RON4.00m (loss widened 52% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 01
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: RON132.7m (up 11% from 2Q 2023). Net income: RON7.55m (up 22% from 2Q 2023). Profit margin: 5.7% (up from 5.2% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: RON0.025 (vs RON0.015 in 1Q 2023) First quarter 2024 results: EPS: RON0.025 (up from RON0.015 in 1Q 2023). Revenue: RON76.1m (up 7.8% from 1Q 2023). Net income: RON2.24m (up 62% from 1Q 2023). Profit margin: 2.9% (up from 2.0% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to RON1.45, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 18x in the Specialty Retail industry in Europe. Total loss to shareholders of 72% over the past three years. Reported Earnings • Feb 26
Full year 2023 earnings released Full year 2023 results: Revenue: RON296.7m (up 5.8% from FY 2022). Net income: RON4.66m (up 42% from FY 2022). Profit margin: 1.6% (up from 1.2% in FY 2022). The increase in margin was driven by higher revenue. Reported Earnings • Nov 29
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: RON63.3m (down 7.7% from 3Q 2022). Net loss: RON2.64m (flat on 3Q 2022). Reported Earnings • Sep 25
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: RON122.2m (up 6.5% from 2Q 2022). Net income: RON6.18m (up 34% from 2Q 2022). Profit margin: 5.1% (up from 4.0% in 2Q 2022). The increase in margin was driven by higher revenue. Reported Earnings • May 30
First quarter 2023 earnings released: EPS: RON0.016 (vs RON0.03 in 1Q 2022) First quarter 2023 results: EPS: RON0.016 (down from RON0.03 in 1Q 2022). Revenue: RON72.4m (up 17% from 1Q 2022). Net income: RON1.38m (down 12% from 1Q 2022). Profit margin: 1.9% (down from 2.5% in 1Q 2022). The decrease in margin was driven by higher expenses. Reported Earnings • Feb 27
Full year 2022 earnings released: EPS: RON0.036 (vs RON0.17 in FY 2021) Full year 2022 results: EPS: RON0.036 (down from RON0.17 in FY 2021). Revenue: RON290.0m (up 33% from FY 2021). Net income: RON3.20m (down 63% from FY 2021). Profit margin: 1.1% (down from 4.0% in FY 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Sep 22
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: RON119.2m (up 43% from 2Q 2021). Net income: RON4.63m (down 22% from 2Q 2021). Profit margin: 3.9% (down from 7.1% in 2Q 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment deteriorated over the past week After last week's 43% share price decline to RON1.73, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 10x in the Specialty Retail industry in Europe. Total loss to shareholders of 65% over the past year. Reported Earnings • Mar 09
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: RON0.17 (down from RON0.18 in FY 2020). Revenue: RON218.0m (up 32% from FY 2020). Net income: RON8.53m (down 1.3% from FY 2020). Profit margin: 3.9% (down from 5.2% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to RON2.80, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 13x in the Specialty Retail industry in Europe. Total loss to shareholders of 46% over the past year. Announcement • Jan 19
Agroland Business System S.A. announced that it has received BGN 14.7 million in funding from SevenX Ventures, and other investors On January 18, 2022, Agroland Business System S.A. closed the transaction. The company has issued 720,000 shares for proceeds of BGR 2,400,000 in its second and final tranche closing. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 18% share price gain to RON3.89, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 15x in the Specialty Retail industry in Europe. Reported Earnings • Sep 21
Second quarter 2021 earnings released The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RON83.7m (down 4.1% from 2Q 2020). Net income: RON5.90m (down 24% from 2Q 2020). Profit margin: 7.1% (down from 8.9% in 2Q 2020). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment deteriorated over the past week After last week's 75% share price decline to RON4.95, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 16x in the Specialty Retail industry in Europe.