Cash flow Cibus Nordic Real Estate AB

Equities

CIBUS

SE0010832204

Real Estate Development & Operations

Market Closed - Nasdaq Stockholm Other stock markets 17:00:00 22/01/2026 GMT			5-day change	1st Jan Change
152.15 ^SEK	+1.40%		+0.69%	+3.54%

01-20	Cibus Conditions for Early Redemption of Bonds Fulfilled	FW
01-20	Cibus Nordic Real Estate AB Announces the Condition for Early Redemption of Its 2027 Notes Has Been Fulfilled	CI

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Published financial data: CIBUS NORDIC REAL ESTATE AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Rental Revenues	65.03M	81.06M	107M	119M	122M
Other Revenues, Total	9.35M	12.7M	17.3M	20.88M	20.02M
Total Revenues	74.38M	93.75M	124M	140M	142M
Property Expenses	9.36M	17.43M	24.41M	25.28M	25.91M
Selling General & Admin Expenses, Total	6.52M	6.38M	8.53M	9.94M	12.09M
Other Operating Expenses	3.62M	-	-	-	-
Total Operating Expenses	19.5M	23.81M	32.94M	35.21M	38M
Operating Income (REIT / Utility Template)	54.88M	69.94M	91.08M	105M	104M
Interest Expense, Total	-16.67M	-22.09M	-30.82M	-50.76M	-53.73M
Interest and Investment Income	34K	36K	92K	829K	2.12M
Net Interest Expenses	-16.64M	-22.06M	-30.73M	-49.93M	-51.61M
Currency Exchange Gains (Loss)	-	468K	-1.94M	-1.52M	-946K
Other Non Operating Income (Expenses)	-1.67M	370K	13.53M	-22.16M	-10.07M
EBT, Excl. Unusual Items	36.56M	48.72M	71.94M	31.18M	41.76M
Gain (Loss) on Sale of Assets	-	-	60K	-125K	185K
Asset Writedown	6.46M	10.64M	28.14M	-53.42M	-44.7M
Other Unusual Items	-3.43M	-	-2.66M	-1.12M	-4.72M
EBT, Incl. Unusual Items	39.59M	59.36M	97.49M	-23.47M	-7.48M
Income Tax Expense	5M	8M	17.5M	-3.56M	-2.72M
Earnings From Continuing Operations	34.6M	51.37M	79.99M	-19.92M	-4.76M
Net Income to Company	34.6M	51.37M	79.99M	-19.92M	-4.76M
Net Income - (IS)	34.6M	51.37M	79.99M	-19.92M	-4.76M
Preferred Dividend and Other Adjustments	-	993K	1.44M	2.41M	2.59M
Net Income to Common Incl Extra Items	34.6M	50.38M	78.56M	-22.33M	-7.35M
Net Income to Common Excl. Extra Items	34.6M	50.38M	78.56M	-22.33M	-7.35M
Per Share Items
Net EPS - Basic	0.95	1.25	1.66	-0.41	-0.12
Basic EPS - Continuing Operations	0.95	1.25	1.66	-0.41	-0.12
Basic Weighted Average Shares Outstanding	36.46M	40.28M	47.43M	54.45M	58.95M
Net EPS - Diluted	0.95	1.25	1.66	-0.41	-0.12
Diluted EPS - Continuing Operations	0.95	1.25	1.66	-0.41	-0.12
Diluted Weighted Average Shares Outstanding	36.46M	40.28M	47.43M	54.45M	58.95M
Normalized Basic EPS	0.63	0.76	0.95	0.36	0.44
Normalized Diluted EPS	0.63	0.76	0.95	0.36	0.44
Dividend Per Share	0.89	0.94	0.98	0.92	0.9
Payout Ratio	114.42	74.31	59.8	-239.37	-1.16K
Supplemental Items
EBITDA	54.89M	69.96M	91.17M	105M	104M
EBITA	54.88M	69.94M	91.08M	105M	104M
EBIT	54.88M	69.94M	91.08M	105M	104M
Effective Tax Rate - (Ratio)	12.62	13.47	17.95	15.14	36.33
Total Current Taxes	21K	81K	281K	814K	289K
Total Deferred Taxes	4.97M	7.91M	17.22M	-4.37M	-3M
Normalized Net Income	22.85M	30.45M	44.96M	19.49M	26.1M
Interest Capitalized	4.26M	3.97M	6.14M	4.46M	4.39M
Interest on Long-Term Debt	394K	466K	532K	-	-
Supplemental Operating Expense Items
General and Administrative Expenses	6.52M	6.38M	8.53M	9.94M	12.09M
Maintenance & Repair Expenses, Total	3.57M	6.11M	8.87M	9.94M	10.56M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Net Property Plant And Equipment	1.28B	1.51B	1.86B	1.81B	1.88B
Total Real Estate Assets	1.28B	1.51B	1.86B	1.81B	1.88B
Cash And Equivalents	36.78M	51.05M	45.99M	31.53M	50.79M
Accounts Receivable, Total	679K	764K	1.3M	1.12M	1.36M
Other Receivables	453K	1.16M	451K	581K	4.98M
Investment In Debt and Equity Securities	-	-	14.72M	6.04M	-
Other Intangibles, Total	11K	200K	158K	113K	68K
Other Current Assets, Total	1.58M	3.49M	3.86M	1.7M	1.84M
Deferred Tax Assets Long-Term (Collected)	3.65M	4.68M	2.19M	1.88M	1.96M
Other Long-Term Assets, Total	36K	33K	36K	37K	36K
Total Assets	1.32B	1.57B	1.93B	1.85B	1.94B
Liabilities
Current Portion of Long-Term Debt	2.76M	3.1M	82.33M	37.88M	124M
Current Portion of Leases	-	-	-	-	-
Long-Term Debt	811M	912M	1.05B	1.02B	1.01B
Long-Term Leases	8.22M	9.65M	9.99M	10.86M	11.27M
Accounts Payable, Total	438K	774K	1.13M	674K	3.48M
Accrued Expenses, Total	3.74M	2.77M	4.35M	8.96M	6.19M
Current Income Taxes Payable	37K	1.53M	1.92M	2.36M	1.52M
Unearned Revenue, Current	3.71M	3.92M	4.38M	5.01M	5.11M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	14.71M	19.23M	26.31M	26.24M	30.55M
Deferred Tax Liability Non-Current	20.29M	31.16M	45.24M	39.77M	36.44M
Other Non Current Liabilities	1.08M	3.43M	3.52M	3.22M	3.31M
Total Liabilities	866M	987M	1.23B	1.16B	1.23B
Common Stock, Total	400K	440K	484K	572K	629K
Additional Paid In Capital	422M	507M	597M	667M	748M
Retained Earnings	30.94M	43.44M	73.39M	152K	-61.81M
Comprehensive Income and Other	4.41M	31.89M	26.97M	25.66M	21.7M
Total Common Equity	458M	583M	698M	693M	709M
Total Equity	458M	583M	698M	693M	709M
Total Liabilities And Equity	1.32B	1.57B	1.93B	1.85B	1.94B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	40M	44M	48.44M	57.25M	62.97M
ECS Total Common Shares Outstanding	40M	44M	48.44M	57.25M	62.97M
Book Value / Share	11.45	12.6	13.79	11.58	10.78
Tangible Book Value	458M	583M	698M	693M	709M
Tangible Book Value Per Share	11.45	12.59	13.78	11.58	10.78
Total Debt	822M	925M	1.15B	1.07B	1.15B
Net Debt	785M	874M	1.1B	1.04B	1.1B
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	6	7	9	11	10

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	34.6M	51.37M	79.99M	-19.92M	-4.76M
Depreciation, Depletion & Amortization	15K	14K	93K	80K	77K
Total Depreciation, Depletion & Amortization	15K	14K	93K	80K	77K
Amortization of Deferred Charges, Total	-	-	2.63M	2.69M	4.04M
(Gain) Loss on Sale of Investments - (CF)	357K	-980K	-14.1M	21.86M	9.81M
Total Asset Writedown	-6.46M	-10.64M	-28.14M	53.42M	44.7M
Change in Accounts Receivable	3.04M	22.08M	-466K	2.2M	-4.81M
Change in Accounts Payable	220K	-	-	-	-
Change in Other Net Operating Assets (Collected)	5.34M	-17.64M	9.14M	-2.12M	2.16M
Other Operating Activities	8.82M	9.06M	18.97M	43.64M	51.31M
Cash from Operations	45.92M	53.26M	68.12M	102M	103M
Acquisition of Real Estate Assets, Total	-390M	-179M	-346M	-19.94M	-131M
Sale of Real Estate Assets, Total	270K	-	660K	14.52M	2.01M
Net Sale / Acquisition of Real Estate Assets	-390M	-179M	-345M	-5.42M	-129M
Investment in Marketable and Equity Securities, Total	-2.18M	-278K	-30K	-12K	-
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-392M	-180M	-345M	-5.43M	-129M
Long-Term Debt Issued, Total	455M	106M	693M	61.32M	712M
Total Debt Issued	455M	106M	693M	61.32M	712M
Long-Term Debt Repaid, Total	-176M	-2.19M	-458M	-133M	-632M
Total Debt Repaid	-176M	-2.19M	-458M	-133M	-632M
Issuance of Common Stock	123M	78.21M	92.77M	71.15M	82.48M
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-39.59M	-38.17M	-47.84M	-47.68M	-55.43M
Common & Preferred Stock Dividends Paid	-39.59M	-38.17M	-47.84M	-47.68M	-55.43M
Other Financing Activities, Total	-4.94M	-2.68M	-8.17M	-63.03M	-60.2M
Cash from Financing	358M	141M	272M	-111M	46.42M
Foreign Exchange Rate Adjustments	461K	-92K	-506K	-31K	-303K
Net Change in Cash	12.04M	14.27M	-5.06M	-14.46M	19.26M
Supplemental Items
Cash Interest Paid	-	-	-	43.55M	48.93M
Cash Income Tax Paid (Refund)	609K	-	-	70K	31K
Net Debt Issued / Repaid	279M	103M	236M	-71.29M	79.58M
Levered Free Cash Flow	26.79M	32.8M	50.07M	43.9M	34.62M
Unlevered Free Cash Flow	37.21M	46.6M	66.7M	72.93M	64.16M
Change In Net Working Capital	-2.9M	-2.88M	-9.68M	-7.36M	1.17M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	3.07	3.02	3.25	3.46	3.44
Return on Total Capital	3.18	3.14	3.4	3.63	3.6
Return On Equity %	8.75	9.87	12.49	-2.86	-0.68
Return on Common Equity	8.75	9.68	12.26	-3.21	-1.05
Margin Analysis
Gross Profit Margin %	87.41	81.41	80.32	81.95	81.8
SG&A Margin	8.77	6.81	6.88	7.1	8.49
EBITDA Margin %	73.8	74.62	73.51	74.91	73.37
EBITA Margin %	73.78	74.6	73.44	74.85	73.31
EBIT Margin %	73.78	74.6	73.44	74.85	73.31
Income From Continuing Operations Margin %	46.51	54.79	64.5	-14.23	-3.34
Net Income Margin %	46.51	54.79	64.5	-14.23	-3.34
Net Avail. For Common Margin %	46.51	53.73	63.34	-15.95	-5.16
Normalized Net Income Margin	30.72	32.48	36.26	13.92	18.33
Levered Free Cash Flow Margin	36.02	34.98	40.37	31.36	24.31
Unlevered Free Cash Flow Margin	50.03	49.71	53.78	52.09	45.06
Asset Turnover
Asset Turnover	0.07	0.06	0.07	0.07	0.08
Fixed Assets Turnover	0.07	0.07	0.07	0.08	0.08
Receivables Turnover (Average Receivables)	117.18	112.35	103.16	98.05	98.57
Short Term Liquidity
Current Ratio	1.55	1.8	0.43	0.43	0.35
Quick Ratio	1.49	1.69	0.4	0.41	0.34
Operating Cash Flow to Current Liabilities	1.81	1.7	0.57	1.26	0.6
Days Sales Outstanding (Average Receivables)	3.12	3.25	3.54	3.72	3.71
Average Days Payable Outstanding	12.82	12.69	14.25	13.04	29.36
Long Term Solvency
Total Debt/Equity	179.45	158.53	164.09	154.71	161.85
Total Debt / Total Capital	64.22	61.32	62.13	60.74	61.81
LT Debt/Equity	178.84	158	152.3	149.25	144.41
Long-Term Debt / Total Capital	64	61.11	57.67	58.59	55.15
Total Liabilities / Total Assets	65.4	62.87	63.84	62.57	63.51
EBIT / Interest Expense	3.29	3.17	2.96	2.06	1.94
EBITDA / Interest Expense	3.29	3.17	2.96	2.07	1.94
(EBITDA - Capex) / Interest Expense	3.29	3.17	2.96	2.07	1.94
Total Debt / EBITDA	14.97	13.22	12.56	10.23	10.98
Net Debt / EBITDA	14.3	12.49	12.06	9.93	10.49
Total Debt / (EBITDA - Capex)	14.97	13.22	12.56	10.23	10.98
Net Debt / (EBITDA - Capex)	14.3	12.49	12.06	9.93	10.49
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	23.57	26.05	32.28	12.89	1.71
Gross Profit, 1 Yr. Growth %	24.65	24.32	30.5	15.18	1.53
EBITDA, 1 Yr. Growth %	26.18	27.45	30.33	15.03	-0.38
EBITA, 1 Yr. Growth %	26.17	27.46	30.22	15.06	-0.38
EBIT, 1 Yr. Growth %	26.17	27.46	30.22	15.06	-0.38
Earnings From Cont. Operations, 1 Yr. Growth %	14.26	48.48	55.71	-124.9	-76.11
Net Income, 1 Yr. Growth %	14.26	48.48	55.71	-124.9	-76.11
Diluted EPS Before Extra, 1 Yr. Growth %	-2.54	31.78	32.46	-124.76	-69.6
Normalized Net Income, 1 Yr. Growth %	30.88	47.06	47.67	-54.99	38.9
Net Property, Plant and Equip., 1 Yr. Growth %	45.42	17.85	23.3	-2.8	4.01
Accounts Receivable, 1 Yr. Growth %	57.54	12.52	70.81	-13.79	20.71
Total Assets, 1 Yr. Growth %	45.05	18.64	22.86	-4.04	4.89
Common Equity, 1 Yr. Growth %	37.6	27.34	19.64	-0.66	2.24
Tangible Book Value, 1 Yr. Growth %	37.6	27.3	19.65	-0.66	2.25
Cash From Operations, 1 Yr. Growth %	69.46	15.97	27.89	5.68	0.68
Levered Free Cash Flow, 1 Yr. Growth %	48.16	27.19	44.23	-12.32	-21.15
Unlevered Free Cash Flow, 1 Yr. Growth %	42.67	25.23	43.11	9.35	-12.04
Dividend Per Share, 1 Yr. Growth %	5.95	5.62	4.26	-6.12	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	15.57	24.8	29.13	22.2	7.15
Gross Profit, 2 Yr. CAGR %	20.17	20.97	27.37	22.6	8.14
EBITDA, 2 Yr. CAGR %	-	26.81	28.88	22.44	7.05
EBITA, 2 Yr. CAGR %	13.45	26.81	28.83	22.41	7.06
EBIT, 2 Yr. CAGR %	13.45	26.81	28.83	22.41	7.06
Earnings From Cont. Operations, 2 Yr. CAGR %	-21.06	30.25	52.05	-37.73	-75.61
Net Income, 2 Yr. CAGR %	-21.06	30.25	52.05	-37.73	-75.61
Diluted EPS Before Extra, 2 Yr. CAGR %	-27.09	13.33	32.12	-42.73	-72.56
Normalized Net Income, 2 Yr. CAGR %	16.13	32.06	47.36	-20	-22.36
Net Property, Plant and Equip., 2 Yr. CAGR %	25.25	30.91	20.54	9.47	0.55
Accounts Receivable, 2 Yr. CAGR %	26.85	33.14	38.63	21.35	2.01
Total Assets, 2 Yr. CAGR %	24.97	31.18	20.73	8.58	0.33
Common Equity, 2 Yr. CAGR %	18.05	32.37	23.43	9.02	0.78
Tangible Book Value, 2 Yr. CAGR %	18.05	32.35	23.42	9.03	0.79
Cash From Operations, 2 Yr. CAGR %	33.78	40.19	21.79	38.29	3.15
Levered Free Cash Flow, 2 Yr. CAGR %	-	34.66	39.35	12.46	-16.85
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	33.66	33.87	25.1	-1.92
Dividend Per Share, 2 Yr. CAGR %	-	5.78	4.93	-1.07	-4.17
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	18.96	27.25	23.47	14.95
Gross Profit, 3 Yr. CAGR %	-	19.24	24.07	23.17	15.13
EBITDA, 3 Yr. CAGR %	-	-	27.97	24.09	14.3
EBITA, 3 Yr. CAGR %	-	17.94	27.94	24.07	14.28
EBIT, 3 Yr. CAGR %	-	17.94	27.94	24.07	14.28
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-2.56	38.24	-16.81	-54.75
Net Income, 3 Yr. CAGR %	-	-2.56	38.24	-16.81	-54.75
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-11.19	19.38	-24.39	-53.63
Normalized Net Income, 3 Yr. CAGR %	-	21.58	37.07	-2	-5.01
Net Property, Plant and Equip., 3 Yr. CAGR %	-	22.73	28.32	12.2	7.62
Accounts Receivable, 3 Yr. CAGR %	-	21.88	44.67	18.33	21.13
Total Assets, 3 Yr. CAGR %	-	22.83	28.35	11.84	7.34
Common Equity, 3 Yr. CAGR %	-	21.07	27.98	14.81	6.71
Tangible Book Value, 3 Yr. CAGR %	-	21.05	27.97	14.81	6.72
Cash From Operations, 3 Yr. CAGR %	-	27.56	35.96	30.41	24.4
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	40.41	19.41	-0.09
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	36.74	25.14	11.24
Dividend Per Share, 3 Yr. CAGR %	-	-	5.27	1.11	-1.44
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	20.25	18.79
Gross Profit, 5 Yr. CAGR %	-	-	-	20.57	17.43
EBITDA, 5 Yr. CAGR %	-	-	-	-	19.15
EBITA, 5 Yr. CAGR %	-	-	-	19.7	19.14
EBIT, 5 Yr. CAGR %	-	-	-	19.7	19.14
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-18.54	-30.93
Net Income, 5 Yr. CAGR %	-	-	-	-18.54	-30.93
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-25.49	-33.71
Normalized Net Income, 5 Yr. CAGR %	-	-	-	2.84	8.37
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	17.24	16.39
Accounts Receivable, 5 Yr. CAGR %	-	-	-	21.67	25.8
Total Assets, 5 Yr. CAGR %	-	-	-	16.92	16.31
Common Equity, 5 Yr. CAGR %	-	-	-	16.1	16.32
Tangible Book Value, 5 Yr. CAGR %	-	-	-	16.09	16.31
Cash From Operations, 5 Yr. CAGR %	-	-	-	31.75	30.49
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	13.87
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	19.72
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	1.39