Cash flow Grifal S.p.A.

Stocks

GRAL

IT0005332595

Paper Packaging

Market Closed - Borsa Italiana Other stock markets 16:45:00 10/07/2026 BST			5-day change	1st Jan Change
0.5900 ^EUR	0.00%		-8.53%	-43.81%

06-30	Grifal appoints Grazzini as new CFO and Investor Relator	AN
06-19	Buy-side trading floor, Prysmian on top	AN

07.wQI9FyKTh43UwVI9MofEg3k0jUqzTxhJil0ro2XC8bI.7GgLcmD8wsafuAFpX-W3zRdGtSjCdncx-CpR1An2xOKIb2sma8XR_ZXwEw

Published financial data: GRIFAL S.P.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	29.4M	39.3M	42.04M	42.14M	39.72M
Other Revenues, Total	686K	792K	656K	1.33M	1.13M
Total Revenues	30.08M	40.09M	42.7M	43.47M	40.85M
Cost of Goods Sold, Total	18.99M	24.6M	24.8M	24M	24.26M
Gross Profit	11.1M	15.49M	17.9M	19.47M	16.59M
Selling General & Admin Expenses, Total	9.19M	11.06M	12.21M	13.58M	14.26M
Provision for Bad Debts	-	9.48K	17.34K	35.49K	275K
Depreciation & Amortization - (IS)	976K	1.08M	1.4M	1.8M	1.94M
Amortization of Goodwill and Intangible Assets - (IS)	1.85M	1.98M	1.93M	2.15M	2.29M
Other Operating Expenses	-204K	57.48K	181K	288K	203K
Other Operating Expenses, Total	11.82M	14.18M	15.73M	17.86M	18.96M
Operating Income	-724K	1.31M	2.17M	1.61M	-2.37M
Interest Expense, Total	-244K	-469K	-933K	-1.29M	-1.42M
Interest And Investment Income	2.06K	90	546	1.55K	179
Net Interest Expenses	-241K	-469K	-933K	-1.28M	-1.42M
Income (Loss) On Equity Invest.	-	-	-	-	-120K
Currency Exchange Gains (Loss)	-20.62K	-3.51K	-10.07K	-6.73K	-68.88K
Other Non Operating Income (Expenses)	10.02K	747	307	1.61K	34
EBT, Excl. Unusual Items	-976K	834K	1.23M	317K	-3.99M
Gain (Loss) On Sale Of Investments	-	-69.04K	-	-	-
EBT, Incl. Unusual Items	-976K	765K	1.23M	317K	-3.99M
Income Tax Expense	-140K	333K	345K	167K	-896K
Earnings From Continuing Operations	-837K	432K	887K	150K	-3.09M
Net Income to Company	-837K	432K	887K	150K	-3.09M
Net Income - (IS)	-837K	432K	887K	150K	-3.09M
Net Income to Common Incl Extra Items	-837K	432K	887K	150K	-3.09M
Net Income to Common Excl. Extra Items	-837K	432K	887K	150K	-3.09M
Per Share Items
Net EPS - Basic	-0.07	0.04	0.08	0.01	-0.27
Basic EPS - Continuing Operations	-0.07	0.04	0.08	0.01	-0.27
Basic Weighted Average Shares Outstanding	11.4M	11.4M	11.38M	11.38M	11.38M
Net EPS - Diluted	-0.07	0.04	0.08	0.01	-0.27
Diluted EPS - Continuing Operations	-0.07	0.04	0.08	0.01	-0.27
Diluted Weighted Average Shares Outstanding	11.4M	11.4M	11.38M	11.38M	11.38M
Normalized Basic EPS	-0.05	0.05	0.07	0.02	-0.22
Normalized Diluted EPS	-0.05	0.05	0.07	0.02	-0.22
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	2.1M	3.25M	4.48M	4.41M	576K
EBITA	1.12M	2.17M	3.08M	2.61M	-1.36M
EBIT	-724K	1.31M	2.17M	1.61M	-2.37M
EBITDAR	3.56M	5.01M	6.58M	6.54M	2.77M
Total Revenues (As Reported)	30.75M	41.42M	42.04M	44.28M	41.53M
Effective Tax Rate - (Ratio)	14.33	43.51	28	52.67	22.47
Total Current Taxes	79.01K	131K	198K	246K	24.52K
Total Deferred Taxes	-219K	144K	15.11K	-55.42K	-34.2K
Normalized Net Income	-610K	521K	770K	198K	-2.49M
Interest on Long-Term Debt	-	-	22.36K	63.28K	47.8K
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	664K	814K	831K	1.01M	1.14M
Net Rental Expense, Total	1.46M	1.76M	2.1M	2.13M	2.19M
Imputed Operating Lease Interest Expense	253K	411K	700K	899K	937K
Imputed Operating Lease Depreciation	1.21M	1.35M	1.4M	1.23M	1.25M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	337K	78.3K	6.65M	1.54M	2.44M
Short Term Investments	-	90.24K	90.24K	90.24K	71.06K
Trading Asset Securities, Total	90.24K	-	-	-	-
Total Cash And Short Term Investments	427K	169K	6.74M	1.63M	2.51M
Accounts Receivable, Total	9.42M	11.01M	9.25M	9.64M	8.45M
Other Receivables	1.62M	2.4M	1.9M	1.86M	889K
Notes Receivable	-	25.87K	91.36K	75.73K	115K
Total Receivables	11.04M	13.43M	11.24M	11.58M	9.45M
Inventory	5.37M	8.2M	6.87M	7.73M	8.19M
Deferred Tax Assets Current	611K	461K	450K	536K	555K
Other Current Assets, Total	-2	38.12K	172K	54.44K	113K
Total Current Assets	17.45M	22.29M	25.47M	21.52M	20.82M
Gross Property Plant And Equipment	-	27.9M	34.36M	37.94M	40.48M
Accumulated Depreciation	-	-8.89M	-10.09M	-11.92M	-13.8M
Net Property Plant And Equipment	13.63M	19.01M	24.27M	26.02M	26.68M
Long-term Investments	75K	-	450K	450K	283K
Goodwill	2.26M	2M	1.72M	1.46M	1.2M
Other Intangibles, Total	5.77M	5.63M	5.7M	6.25M	7.22M
Deferred Charges Long-Term	2.03M	1.87M	1.95M	2.86M	2.99M
Other Long-Term Assets, Total	974K	1.61M	1.37M	1.14M	1.54M
Total Assets	42.18M	52.42M	60.93M	59.71M	60.74M
Liabilities
Accounts Payable, Total	8.4M	10.21M	9.69M	9.49M	8.31M
Accrued Expenses, Total	2.35M	2.04M	2.24M	2.62M	2.99M
Short-term Borrowings	2.47M	6.07M	4.58M	3.23M	6.26M
Current Portion of Long-Term Debt	2.08M	2.38M	2.75M	5M	5.66M
Current Income Taxes Payable	40.21K	-	5.08K	32.33K	-
Other Current Liabilities	284K	886K	1.62M	2.23M	730K
Total Current Liabilities	15.63M	21.58M	20.88M	22.6M	23.96M
Long-Term Debt	8.32M	10.81M	18.21M	14.92M	18.19M
Unearned Revenue Non Current	30.67K	662K	1.89M	2.26M	2.15M
Pension & Other Post Retirement Benefits	16.85K	1.3K	2.95K	4.14K	5.55K
Deferred Tax Liability Non Current	-	178K	98.79K	54.42K	29.86K
Other Non Current Liabilities	1.5M	1.48M	1.57M	1.67M	1.4M
Total Liabilities	25.5M	34.72M	42.65M	41.52M	45.73M
Common Stock, Total	1.14M	1.14M	1.14M	1.14M	1.14M
Additional Paid In Capital	11.39M	11.39M	11.39M	11.39M	11.39M
Retained Earnings	-1.2M	-767K	131K	248K	-2.9M
Treasury Stock	-58.8K	-58.8K	-96.58K	-96.58K	-96.58K
Comprehensive Income and Other	5.41M	5.99M	5.71M	5.51M	5.47M
Total Common Equity	16.68M	17.7M	18.28M	18.19M	15M
Total Equity	16.68M	17.7M	18.28M	18.19M	15M
Total Liabilities And Equity	42.18M	52.42M	60.93M	59.71M	60.74M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	11.4M	11.4M	11.38M	11.38M	11.38M
ECS Total Common Shares Outstanding	11.4M	11.4M	11.38M	11.38M	11.38M
Book Value / Share	1.46	1.55	1.61	1.6	1.32
Tangible Book Value	8.66M	10.07M	10.86M	10.48M	6.58M
Tangible Book Value Per Share	0.76	0.88	0.95	0.92	0.58
Total Debt	12.87M	19.26M	25.54M	23.15M	30.11M
Net Debt	12.45M	19.1M	18.8M	21.52M	27.6M
Debt Equivalent Oper. Leases	11.69M	14.1M	16.81M	17.02M	17.53M
Equity Method Investments, Total	-	-	450K	450K	283K
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	1.99M	4.79M	4.14M	4.18M	3.98M
Inventories - Work In Process, Total	353K	688K	405K	1.03M	1.7M
Inventories - Finished Goods, Total	3.03M	2.71M	2.32M	2.52M	2.51M
Inventories - Others	-	6.88K	-	-	-
Land - (BS)	-	1.91M	7.91M	8.05M	8.08M
Machinery, Total	-	17.25M	23.66M	26.92M	29.56M
Full Time Employees	110	165	175	189	204
Accumulated Allowance for Doubtful Accounts (Supple)	134K	147K	163K	198K	473K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-837K	432K	887K	150K	-3.09M
Depreciation & Amortization - CF	976K	1.08M	1.4M	1.8M	1.94M
Amortization of Goodwill and Intangible Assets - (CF)	1.85M	861K	909K	1M	1.01M
Depreciation & Amortization, Total	2.82M	1.94M	2.3M	2.81M	2.95M
Amortization of Deferred Charges, Total - (CF)	-	1.12M	1.02M	1.15M	1.28M
(Gain) Loss From Sale Of Asset	-18.33K	-10.51K	16.24K	-18.88K	-2.73K
(Gain) Loss on Sale of Investments - (CF)	-	-90.42K	50.44K	-52.61K	85.05K
Asset Writedown & Restructuring Costs	-	-	-	-	120K
Other Operating Activities, Total	-123K	366K	43.33K	152K	-44.41K
Change In Accounts Receivable	-2.1M	-1.61M	2.52M	1.13M	-314K
Change In Inventories	-1.77M	-2.82M	1.33M	-862K	-611K
Change In Accounts Payable	2.93M	2.36M	-706K	-258K	-1.35M
Change in Other Net Operating Assets	54.92K	-463K	1.83M	178K	556K
Cash from Operations	959K	1.22M	9.3M	4.37M	-418K
Capital Expenditure	-5.05M	-6.48M	-6.67M	-3.6M	-2.59M
Sale of Property, Plant, and Equipment	95.78K	44.91K	10.86K	63.7K	36.11K
Cash Acquisitions	-1.1M	-	-	-	-
Sale (Purchase) of Intangible assets	-1.54M	-1.42M	-1.81M	-3.36M	-3.12M
Investment in Marketable and Equity Securities, Total	-45.12K	-40.6K	-450K	-69.47K	-33.03K
Other Investing Activities, Total	-	-	-2	-	-
Cash from Investing	-7.64M	-7.9M	-8.92M	-6.97M	-5.71M
Short Term Debt Issued, Total	2.03M	3.37M	-	-	3.03M
Long-Term Debt Issued, Total	5.23M	5.09M	10.56M	1.78M	9.49M
Total Debt Issued	7.26M	8.46M	10.56M	1.78M	12.52M
Short Term Debt Repaid, Total	-	-	-1.48M	-1.36M	-
Long-Term Debt Repaid, Total	-5.19M	-2.04M	-2.84M	-2.94M	-5.5M
Total Debt Repaid	-5.19M	-2.04M	-4.33M	-4.29M	-5.5M
Issuance of Common Stock	2.34M	-	-	-	-
Repurchase of Common Stock	-139K	-	-37.79K	-	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-	-	-	-1	-
Cash from Financing	4.27M	6.42M	6.2M	-2.52M	7.03M
Miscellaneous Cash Flow Adjustments	1	-	-	1	-1
Net Change in Cash	-2.41M	-258K	6.57M	-5.11M	899K
Supplemental Items
Cash Income Tax Paid (Refund)	2.46K	-33.07K	462K	289K	-816K
Levered Free Cash Flow	-5.72M	-7.16M	-564K	-3.15M	-4.77M
Unlevered Free Cash Flow	-5.57M	-6.86M	19.5K	-2.35M	-3.88M
Change In Net Working Capital	1.35M	2.83M	-3.82M	344K	907K
Net Debt Issued / Repaid	2.07M	6.42M	6.23M	-2.52M	7.03M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-1.24	1.72	2.4	1.66	-2.47
Return on Total Capital	-1.69	2.45	3.37	2.36	-3.43
Return On Equity %	-5.37	2.51	4.93	0.82	-18.62
Return on Common Equity	-5.37	2.51	4.93	0.82	-18.62
Margin Analysis
Gross Profit Margin %	36.88	38.63	41.93	44.78	40.61
SG&A Margin	30.56	27.58	28.59	31.25	34.91
EBITDA Margin %	6.97	8.1	10.49	10.15	1.41
EBITA Margin %	3.73	5.4	7.22	6	-3.33
EBIT Margin %	-2.41	3.26	5.09	3.7	-5.81
Income From Continuing Operations Margin %	-2.78	1.08	2.08	0.35	-7.56
Net Income Margin %	-2.78	1.08	2.08	0.35	-7.56
Net Avail. For Common Margin %	-2.78	1.08	2.08	0.35	-7.56
Normalized Net Income Margin	-2.03	1.3	1.8	0.46	-6.1
Levered Free Cash Flow Margin	-19.02	-17.85	-1.32	-7.25	-11.67
Unlevered Free Cash Flow Margin	-18.51	-17.12	0.05	-5.4	-9.49
Asset Turnover
Asset Turnover	0.82	0.85	0.75	0.72	0.68
Fixed Assets Turnover	2.68	2.46	1.97	1.73	1.55
Receivables Turnover (Average Receivables)	3.72	3.85	4.15	4.46	4.39
Inventory Turnover (Average Inventory)	4.84	3.63	3.29	3.29	3.08
Short Term Liquidity
Current Ratio	1.12	1.03	1.22	0.95	0.87
Quick Ratio	0.73	0.63	0.86	0.58	0.49
Operating Cash Flow to Current Liabilities	0.06	0.06	0.45	0.19	-0.02
Days Sales Outstanding (Average Receivables)	98.05	94.86	87.94	82.04	83.12
Days Outstanding Inventory (Average Inventory)	75.43	100.63	110.86	111.28	118.63
Average Days Payable Outstanding	103.44	123.81	154.74	141.2	130.67
Cash Conversion Cycle (Average Days)	70.05	71.68	44.06	52.12	71.08
Long Term Solvency
Total Debt/Equity	77.17	108.86	139.73	127.26	200.7
Total Debt / Total Capital	43.56	52.12	58.29	56	66.74
LT Debt/Equity	49.88	61.11	99.63	82.03	121.25
Long-Term Debt / Total Capital	28.15	29.26	41.56	36.1	40.32
Total Liabilities / Total Assets	60.45	66.24	70	69.54	75.3
EBIT / Interest Expense	-2.97	2.78	2.33	1.25	-1.67
EBITDA / Interest Expense	8.61	6.92	4.8	3.43	0.41
(EBITDA - Capex) / Interest Expense	-12.11	-6.91	-2.35	0.63	-1.42
Total Debt / EBITDA	6.14	5.94	5.7	5.24	52.24
Net Debt / EBITDA	5.93	5.88	4.2	4.88	47.89
Total Debt / (EBITDA - Capex)	-4.36	-5.95	-11.66	28.62	-14.95
Net Debt / (EBITDA - Capex)	-4.22	-5.9	-8.58	26.61	-13.7
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	50.95	33.26	6.5	1.8	-6.03
Gross Profit, 1 Yr. Growth %	53.64	39.58	15.58	8.74	-14.78
EBITDA, 1 Yr. Growth %	-1.89K	54.1	2.66	-19.7	-89.63
EBITA, 1 Yr. Growth %	-247.85	91.78	-6.1	-36.37	-136.23
EBIT, 1 Yr. Growth %	-28.53	-282.49	66.58	-26.11	-247.79
Earnings From Cont. Operations, 1 Yr. Growth %	-11.57	-151.65	105.35	-83.06	-2.16K
Net Income, 1 Yr. Growth %	-11.57	-151.65	105.35	-83.06	-2.16K
Normalized Net Income, 1 Yr. Growth %	-21.42	-185.41	47.76	-74.23	-1.36K
Diluted EPS Before Extra, 1 Yr. Growth %	-19.12	-151.65	105.63	-83.06	-2.16K
Accounts Receivable, 1 Yr. Growth %	47.72	16.89	-15.99	4.25	-12.36
Inventory, 1 Yr. Growth %	116.83	52.58	-16.22	12.55	8.06
Net Property, Plant and Equip., 1 Yr. Growth %	54.01	39.44	27.63	7.23	2.54
Total Assets, 1 Yr. Growth %	35.87	24.28	16.24	-2	1.98
Tangible Book Value, 1 Yr. Growth %	0.37	16.29	7.88	-3.52	-37.16
Common Equity, 1 Yr. Growth %	15.48	6.08	3.27	-0.48	-17.52
Cash From Operations, 1 Yr. Growth %	-1.15	27.65	659.09	-52.97	-109.57
Capital Expenditures, 1 Yr. Growth %	143.89	28.44	2.88	-45.95	-28.14
Levered Free Cash Flow, 1 Yr. Growth %	186.69	20.7	-92.12	459.2	58.72
Unlevered Free Cash Flow, 1 Yr. Growth %	196.21	18.81	-100.28	-12.14K	76.28
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	17.81	41.83	19.13	4.13	-2.19
Gross Profit, 2 Yr. CAGR %	12.41	46.44	27.02	12.11	-3.74
EBITDA, 2 Yr. CAGR %	-8.04	426.75	45.84	0.58	-67.62
EBITA, 2 Yr. CAGR %	-24	69.06	65.21	-10.87	-42.4
EBIT, 2 Yr. CAGR %	3.06	13.49	74.36	10.94	4.5
Earnings From Cont. Operations, 2 Yr. CAGR %	28.94	-32.42	2.99	-41.03	86.62
Net Income, 2 Yr. CAGR %	28.94	-32.42	2.99	-41.03	86.62
Normalized Net Income, 2 Yr. CAGR %	40.11	-18.08	12.34	-38.3	79.85
Diluted EPS Before Extra, 2 Yr. CAGR %	24.05	-35.37	3.06	-40.99	86.62
Accounts Receivable, 2 Yr. CAGR %	23.42	31.41	-0.91	-6.42	-4.42
Inventory, 2 Yr. CAGR %	50.59	81.89	13.06	-2.89	9.21
Net Property, Plant and Equip., 2 Yr. CAGR %	40.79	46.6	33.4	16.99	4.86
Total Assets, 2 Yr. CAGR %	39.51	29.94	20.19	6.73	-0.16
Tangible Book Value, 2 Yr. CAGR %	-3.25	8.04	12.01	2.02	-22.14
Common Equity, 2 Yr. CAGR %	27.5	10.68	4.67	1.38	-9.4
Cash From Operations, 2 Yr. CAGR %	-23.31	12.33	211.29	88.95	-78.79
Capital Expenditures, 2 Yr. CAGR %	67.72	76.99	14.95	-25.43	-37.68
Levered Free Cash Flow, 2 Yr. CAGR %	126.48	89.38	-69.17	-33.63	190.75
Unlevered Free Cash Flow, 2 Yr. CAGR %	136.27	91.08	-94.19	-41.5	1.31K
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	15.62	22.75	28.91	13.05	0.62
Gross Profit, 3 Yr. CAGR %	13.68	20.82	35.33	20.61	2.32
EBITDA, 3 Yr. CAGR %	-1.72	9.38	237.07	27.97	-49.07
EBITA, 3 Yr. CAGR %	-14.6	3.75	59.63	32.18	-25.46
EBIT, 3 Yr. CAGR %	-0.87	24.17	28.98	30.96	22.07
Earnings From Cont. Operations, 3 Yr. CAGR %	29.43	-4.95	-2.11	-43.58	92.67
Net Income, 3 Yr. CAGR %	29.43	-4.95	-2.11	-43.58	92.67
Normalized Net Income, 3 Yr. CAGR %	23.45	18.8	-0.28	-31.23	68.45
Diluted EPS Before Extra, 3 Yr. CAGR %	22.25	-7.37	-4.94	-43.55	92.76
Accounts Receivable, 3 Yr. CAGR %	15.31	21.2	13.2	0.78	-8.44
Inventory, 3 Yr. CAGR %	38.44	51.25	40.47	12.89	-0.03
Net Property, Plant and Equip., 3 Yr. CAGR %	34.34	40.37	39.98	24.04	11.96
Total Assets, 3 Yr. CAGR %	29.33	34.23	25.2	12.28	5.03
Tangible Book Value, 3 Yr. CAGR %	10.12	2.87	7.98	6.57	-13.2
Common Equity, 3 Yr. CAGR %	30.53	19.92	8.16	2.92	-5.36
Cash From Operations, 3 Yr. CAGR %	-4.49	-9.11	112.37	65.79	-30.09
Capital Expenditures, 3 Yr. CAGR %	33.82	53.45	47.71	-10.61	-26.35
Levered Free Cash Flow, 3 Yr. CAGR %	-4.75	85.82	-34.38	-18.99	-12.68
Unlevered Free Cash Flow, 3 Yr. CAGR %	-4.86	90.2	-78.19	-25.92	-17.34
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	17.01	14.93	15.43
Gross Profit, 5 Yr. CAGR %	-	987.11	18.84	17.26	18.1
EBITDA, 5 Yr. CAGR %	-	-	15.19	12.22	37.57
EBITA, 5 Yr. CAGR %	-	427.21	11.38	6.1	12.41
EBIT, 5 Yr. CAGR %	-	376.39	23.94	18.7	18.56
Earnings From Cont. Operations, 5 Yr. CAGR %	-	274.06	18.12	-21.47	26.71
Net Income, 5 Yr. CAGR %	-	274.06	18.12	-21.47	26.71
Normalized Net Income, 5 Yr. CAGR %	-	326.58	18.88	-8.59	26.25
Diluted EPS Before Extra, 5 Yr. CAGR %	-	247.32	14.18	-22.66	24.5
Accounts Receivable, 5 Yr. CAGR %	-	-	8.53	9.29	5.79
Inventory, 5 Yr. CAGR %	-	-	27.67	26.68	27.02
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	33.99	30.5	24.71
Total Assets, 5 Yr. CAGR %	-	302.76	25.59	22.47	14.37
Tangible Book Value, 5 Yr. CAGR %	-	189.61	10.87	2.53	-5.26
Common Equity, 5 Yr. CAGR %	-	224.2	19.5	12.13	0.76
Cash From Operations, 5 Yr. CAGR %	-	368.77	53.21	21.8	-15.49
Capital Expenditures, 5 Yr. CAGR %	-	-	25.93	14.97	4.59
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-38.9	23.1	19.02
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-68.68	18.68	15.57