Income Statement Labat Africa Limited

Stocks

LAB

ZAE000018354

Semiconductors

End-of-day quote Johannesburg S.E. 26/08/2026			5-day change	1st Jan Change
0.0300 ^ZAR	-.--%		-.--%	-62.50%

07-31	Alpvest Equities Proprietary Limited acquired an additional minority stake in Labat Africa Limited.	CI
07-24	Muziwakhe Ibrahim Ndhlovu acquired an additional minority stake in Labat Africa Limited.	CI

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Published financial data: LABAT AFRICA LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: May	2021 (ZAR)	2022 (ZAR)	2023 (ZAR)	2024 (ZAR)	2025 (ZAR)
Revenues	29.27M	30.72M	49.53M	48.54M	199M
Total Revenues	29.27M	30.72M	49.53M	48.54M	199M
Cost of Goods Sold, Total	16.69M	18.92M	19.14M	19.1M	81.82M
Gross Profit	12.58M	11.81M	30.39M	29.44M	118M
Selling General & Admin Expenses, Total	31.46M	39.5M	45.06M	47.74M	49.19M
Depreciation & Amortization - (IS)	2.1M	2.49M	2.48M	1.87M	1.4M
Amortization of Goodwill and Intangible Assets - (IS)	28.24M	18.94M	19.87M	7.03M	7.03M
Other Operating Expenses	-18M	-153K	-1.1M	-511K	-3.91M
Other Operating Expenses, Total	43.79M	60.77M	66.3M	56.13M	53.71M
Operating Income	-31.21M	-48.96M	-35.91M	-26.69M	63.87M
Interest Expense, Total	-1.39M	-1.31M	-1.62M	-1.46M	-1.81M
Interest And Investment Income	46K	26.67K	29K	2K	60K
Net Interest Expenses	-1.34M	-1.28M	-1.59M	-1.46M	-1.75M
Currency Exchange Gains (Loss)	-	-	839K	-	-
Other Non Operating Income (Expenses)	-1K	-240K	-149K	-166K	-50K
EBT, Excl. Unusual Items	-32.56M	-50.49M	-36.81M	-28.31M	62.07M
Impairment of Goodwill	-	-175K	-	-	-1.25M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-2.13M	-55.43M	-	-5M
Legal Settlements	-	-	-	-	-
Other Unusual Items	3.08M	-	-	-	62.7M
EBT, Incl. Unusual Items	-29.48M	-52.79M	-92.24M	-28.31M	119M
Income Tax Expense	-6.72M	-3.5M	-5.51M	-1.91M	-12.97M
Earnings From Continuing Operations	-22.76M	-49.29M	-86.73M	-26.4M	131M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	-22.76M	-49.29M	-86.73M	-26.4M	131M
Minority Interest	-15K	1.18M	-169K	600K	-13.62M
Net Income - (IS)	-22.77M	-48.11M	-86.9M	-25.8M	118M
Net Income to Common Incl Extra Items	-22.77M	-48.11M	-86.9M	-25.8M	118M
Net Income to Common Excl. Extra Items	-22.77M	-48.11M	-86.9M	-25.8M	118M
Per Share Items
Net EPS - Basic	-0.06	-0.09	-0.14	-0.04	0.11
Basic EPS - Continuing Operations	-0.06	-0.09	-0.14	-0.04	0.11
Basic Weighted Average Shares Outstanding	397M	516M	610M	650M	1.11B
Net EPS - Diluted	-0.06	-0.09	-0.14	-0.04	0.1
Diluted EPS - Continuing Operations	-0.06	-0.09	-0.14	-0.04	0.1
Diluted Weighted Average Shares Outstanding	399M	516M	610M	650M	1.11B
Normalized Basic EPS	-0.05	-0.06	-0.04	-0.03	0.02
Normalized Diluted EPS	-0.05	-0.06	-0.04	-0.03	0.02
Supplemental Items
EBITDA	-6.91M	-32.65M	-19.24M	-22.58M	69.02M
EBITA	-7.11M	-32.94M	-19.7M	-22.94M	67.62M
EBIT	-31.21M	-48.96M	-35.91M	-26.69M	63.87M
EBITDAR	-6.75M	-	-	-	-
Effective Tax Rate - (Ratio)	22.81	6.63	5.98	6.74	-10.94
Deferred Domestic Taxes	-6.72M	-3.5M	-	-1.91M	-12.97M
Total Deferred Taxes	-6.72M	-3.5M	-	-1.91M	-12.97M
Normalized Net Income	-20.36M	-30.37M	-23.18M	-17.1M	25.17M
Interest on Long-Term Debt	948K	790K	1.23M	1.1M	535K
Supplemental Operating Expense Items
Net Rental Expense, Total	164K	-	-	-	-
Imputed Operating Lease Interest Expense	128K	-	-	-	-
Imputed Operating Lease Depreciation	36.07K	-	-	-	-

Fiscal Period: May	2021 (ZAR)	2022 (ZAR)	2023 (ZAR)	2024 (ZAR)	2025 (ZAR)
Assets
Cash And Equivalents	14.44M	2.75M	2.81M	2.98M	3.41M
Short Term Investments	26K	26K	26K	26K	26K
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	14.47M	2.78M	2.84M	3M	3.44M
Accounts Receivable, Total	5.12M	2.06M	3.01M	4.29M	190M
Other Receivables	54.44M	55.9M	57.48M	59M	58.79M
Notes Receivable	2.7M	2.74M	3M	1.78M	9.93M
Total Receivables	62.25M	60.7M	63.48M	65.07M	259M
Inventory	4.33M	5.46M	8.8M	6.92M	335M
Prepaid Expenses	94K	126K	122K	115K	108K
Total Current Assets	81.15M	69.07M	75.24M	75.11M	598M
Gross Property Plant And Equipment	14.03M	16.8M	16.19M	14.44M	16.77M
Accumulated Depreciation	-5.4M	-5.62M	-7.06M	-7.31M	-7.42M
Net Property Plant And Equipment	8.63M	11.18M	9.13M	7.13M	9.36M
Goodwill	-	1.25M	1.25M	1.25M	-
Other Intangibles, Total	116M	111M	37.47M	30.45M	18.94M
Deferred Tax Assets Long-Term	16.43M	14.88M	2.64M	2.65M	42.78M
Other Long-Term Assets, Total	-	-	7.2M	6.8M	6.8M
Total Assets	223M	208M	133M	123M	676M
Liabilities
Accounts Payable, Total	10.66M	10.46M	12.22M	17.22M	8.04M
Accrued Expenses, Total	1.73M	3.58M	8.54M	9.35M	35.46M
Short-term Borrowings	4.49M	4.69M	4.32M	5.17M	5.17M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	1.27M	1.48M	1.52M	1.65M	1.65M
Current Income Taxes Payable	32.84M	37.85M	47.35M	55.8M	71.08M
Unearned Revenue Current, Total	883K	238K	278K	278K	-
Other Current Liabilities	3.38M	1.71M	1.36M	4.16M	230M
Total Current Liabilities	55.26M	60.01M	75.6M	93.63M	352M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	8.14M	8.12M	7.45M	6.48M	6.04M
Unearned Revenue Non Current	2.26M	1.1M	826K	548K	-
Deferred Tax Liability Non Current	29.33M	27.26M	9.51M	7.61M	2.54M
Other Non Current Liabilities	26.26M	24.68M	29.77M	34.58M	67.8M
Total Liabilities	121M	121M	123M	143M	428M
Common Stock, Total	143M	164M	174M	177M	221M
Additional Paid In Capital	71.24M	71.24M	71.24M	71.24M	71.24M
Retained Earnings	-121M	-157M	-244M	-272M	-154M
Treasury Stock	-481K	-481K	-481K	-481K	-481K
Comprehensive Income and Other	-772K	-804K	54K	11K	8.14M
Total Common Equity	91.59M	77.25M	416K	-23.8M	146M
Minority Interest	9.71M	9.2M	9.37M	4.35M	102M
Total Equity	101M	86.45M	9.79M	-19.45M	247M
Total Liabilities And Equity	223M	208M	133M	123M	676M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	480M	562M	636M	666M	1.13B
ECS Total Common Shares Outstanding	480M	562M	636M	666M	1.13B
Book Value / Share	0.19	0.14	0	-0.04	0.13
Tangible Book Value	-24.76M	-35.26M	-38.3M	-55.5M	127M
Tangible Book Value Per Share	-0.05	-0.06	-0.06	-0.08	0.11
Total Debt	13.91M	14.3M	13.28M	13.3M	12.86M
Net Debt	-564K	11.52M	10.45M	10.3M	9.42M
Debt Equivalent Oper. Leases	1.31M	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	9.71M	9.2M	9.37M	4.35M	102M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	1.51M	-	-	-	-
Inventories - Work In Process, Total	1M	1.07M	2.78M	1.16M	331M
Inventories - Finished Goods, Total	2.21M	3.2M	4.35M	4.64M	2.44M
Inventories - Others	-	1.89M	2.06M	1.51M	1.51M
Land - (BS)	-	3.1M	3.1M	3.1M	3.75M
Machinery, Total	5.67M	5.95M	7.36M	7.12M	7.12M
Full Time Employees	27	26	48	43	43
Accumulated Allowance for Doubtful Accounts (Supple)	34K	577K	7.41M	13.9M	14.06M

Fiscal Period: May	2021 (ZAR)	2022 (ZAR)	2023 (ZAR)	2024 (ZAR)	2025 (ZAR)
Net Income	-22.77M	-48.11M	-86.9M	-25.8M	118M
Depreciation & Amortization - CF	2.1M	2.49M	2.48M	1.87M	1.4M
Amortization of Goodwill and Intangible Assets - (CF)	24.1M	16.02M	16.22M	3.74M	3.74M
Depreciation & Amortization, Total	26.2M	18.51M	18.69M	5.61M	5.15M
Amortization of Deferred Charges, Total - (CF)	4.14M	2.92M	3.65M	3.28M	3.28M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	2.31M	55.43M	-	-
Provision for Credit Losses	-	-	-	-	-
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-9.34M	-2.13M	-3.37M	5.02M	-141M
Change In Accounts Receivable	8.24M	1.05M	-1.31M	-2.81M	-
Change In Inventories	-426K	-417K	-876K	1.88M	-
Change In Accounts Payable	-1.01M	7.02M	9.68M	16.09M	-
Change in Unearned Revenues	3.99M	-2.41M	-238K	-278K	-
Change in Other Net Operating Assets	-14.24M	5.09M	-	-	-
Cash from Operations	-5.22M	-16.17M	-5.24M	2.99M	-15.13M
Capital Expenditure	-150K	-105K	-522K	-51K	-649K
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	38K	-13.89M	-	-	-4.27M
Sale (Purchase) of Intangible assets	-1.56M	-1.56M	-1.52M	-	-516K
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	-2.7M	-57.33K	-1.01M	-398K	-
Cash from Investing	-4.37M	-15.61M	-3.05M	-449K	-5.43M
Short Term Debt Issued, Total	1.25M	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	23.02M
Total Debt Issued	1.25M	-	-	-	23.02M
Short Term Debt Repaid, Total	-6.18M	-6.76M	-667K	-1.22M	-
Long-Term Debt Repaid, Total	-1.22M	-839K	-1.05M	-1.19M	-2.02M
Total Debt Repaid	-7.39M	-10.13M	-1.72M	-2.41M	-2.02M
Issuance of Common Stock	21.17M	26.32M	10.07M	-	-
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	15.03M	16.19M	8.35M	-2.41M	21M
Miscellaneous Cash Flow Adjustments	-	-	-	-1K	-
Net Change in Cash	5.44M	-15.6M	62K	132K	439K
Supplemental Items
Cash Interest Paid	948K	1.05M	951K	734K	1.28M
Cash Income Tax Paid (Refund)	-	-	-1K	-	-
Levered Free Cash Flow	-3.57M	-	6.66M	8.59M	-218M
Unlevered Free Cash Flow	-2.7M	-	7.67M	9.51M	-217M
Change In Net Working Capital	11.82M	-	-9.81M	-17.35M	264M
Net Debt Issued / Repaid	-6.14M	-10.13M	-1.72M	-2.41M	21M

Fiscal Period: May	2021 (ZAR)	2022 (ZAR)	2023 (ZAR)	2024 (ZAR)	2025 (ZAR)
Profitability
Return on Assets	-9.46	-	-13.18	-13.01	9.99
Return on Total Capital	-18.96	-	-36.25	-197.17	31.42
Return On Equity %	-25.67	-	-180.24	546.33	115.37
Return on Common Equity	-28.22	-	-223.78	220.69	193.16
Margin Analysis
Gross Profit Margin %	42.99	38.43	61.36	60.66	58.97
SG&A Margin	107.47	128.56	90.98	98.37	24.67
EBITDA Margin %	-23.61	-106.25	-38.84	-46.53	34.61
EBITA Margin %	-24.29	-107.22	-39.76	-47.27	33.91
EBIT Margin %	-106.63	-159.36	-72.5	-54.99	32.03
Income From Continuing Operations Margin %	-77.74	-160.44	-175.1	-54.4	65.94
Net Income Margin %	-77.79	-156.59	-175.44	-53.16	59.11
Net Avail. For Common Margin %	-77.79	-156.59	-175.44	-53.16	59.11
Normalized Net Income Margin	-69.57	-98.85	-46.79	-35.22	12.62
Levered Free Cash Flow Margin	-12.19	-	13.44	17.71	-109.3
Unlevered Free Cash Flow Margin	-9.22	-	15.48	19.59	-108.73
Asset Turnover
Asset Turnover	0.14	-	0.29	0.38	0.5
Fixed Assets Turnover	3.65	-	4.88	5.97	24.18
Receivables Turnover (Average Receivables)	4.19	-	19.53	13.29	2.05
Inventory Turnover (Average Inventory)	4.97	-	2.68	2.43	0.48
Short Term Liquidity
Current Ratio	1.47	1.15	1	0.8	1.7
Quick Ratio	1.34	1.01	0.84	0.71	0.72
Operating Cash Flow to Current Liabilities	-0.09	-0.27	-0.07	0.03	-0.04
Days Sales Outstanding (Average Receivables)	87.05	-	18.69	27.53	178.23
Days Outstanding Inventory (Average Inventory)	73.4	-	135.97	150.65	762.53
Average Days Payable Outstanding	204.4	-	184.14	312.97	11.25
Cash Conversion Cycle (Average Days)	-43.95	-	-29.48	-134.79	929.5
Long Term Solvency
Total Debt/Equity	13.73	16.54	135.72	-68.37	5.2
Total Debt / Total Capital	12.07	14.19	57.58	-216.17	4.94
LT Debt/Equity	8.04	9.39	76.08	-33.33	2.44
Long-Term Debt / Total Capital	7.07	8.06	32.28	-105.38	2.32
Total Liabilities / Total Assets	54.48	58.36	92.64	115.77	63.38
EBIT / Interest Expense	-22.47	-37.36	-22.18	-18.27	35.27
EBITDA / Interest Expense	-3.61	-23.24	-10.63	-14.43	38.11
(EBITDA - Capex) / Interest Expense	-3.72	-23.32	-10.96	-14.46	37.75
Total Debt / EBITDA	-2.77	-0.47	-0.77	-0.63	0.19
Net Debt / EBITDA	0.11	-0.38	-0.61	-0.49	0.14
Total Debt / (EBITDA - Capex)	-2.69	-0.47	-0.75	-0.63	0.19
Net Debt / (EBITDA - Capex)	0.11	-0.38	-0.59	-0.49	0.14
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-27.28	-	61.22	-2.01	310.83
Gross Profit, 1 Yr. Growth %	-1.33	-	157.38	-3.13	299.4
EBITDA, 1 Yr. Growth %	-49.99	-	-43.84	17.39	-405.61
EBITA, 1 Yr. Growth %	-59.2	-	-43.01	16.49	-394.73
EBIT, 1 Yr. Growth %	-15.72	-	-26.66	-25.68	-339.34
Earnings From Cont. Operations, 1 Yr. Growth %	-27.48	-	75.95	-69.56	-598
Net Income, 1 Yr. Growth %	-319.45	-	80.63	-70.31	-556.78
Normalized Net Income, 1 Yr. Growth %	-13.91	-	-23.69	-26.23	-247.23
Diluted EPS Before Extra, 1 Yr. Growth %	-37.37	-	52.68	-72.12	-362.06
Accounts Receivable, 1 Yr. Growth %	-42.18	-	46.02	42.54	4.34K
Inventory, 1 Yr. Growth %	82.25	-	61.11	-21.36	4.74K
Net Property, Plant and Equip., 1 Yr. Growth %	16.74	-	-18.29	-21.87	31.15
Total Assets, 1 Yr. Growth %	17.21	-	-35.97	-7.18	447.45
Tangible Book Value, 1 Yr. Growth %	-53.95	-	8.65	44.88	-328.68
Common Equity, 1 Yr. Growth %	31.24	-	-99.46	-5.82K	-712.75
Cash From Operations, 1 Yr. Growth %	-131.74	-	-67.61	-157.12	-605.72
Capital Expenditures, 1 Yr. Growth %	-	-	395.57	-90.23	1.17K
Levered Free Cash Flow, 1 Yr. Growth %	-92.22	-	-	29.12	-2.64K
Unlevered Free Cash Flow, 1 Yr. Growth %	-93.98	-	-	23.99	-2.38K
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-25.52	-	-	25.69	100.64
Gross Profit, 2 Yr. CAGR %	-1.14	-	-	57.9	96.69
EBITDA, 2 Yr. CAGR %	-9.14	-	-	-18.81	89.4
EBITA, 2 Yr. CAGR %	-29.17	-	-	-18.52	85.29
EBIT, 2 Yr. CAGR %	22.94	-	-	-26.17	33.37
Earnings From Cont. Operations, 2 Yr. CAGR %	28.65	-	-	-26.81	23.13
Net Income, 2 Yr. CAGR %	-44.13	-	-	-26.76	16.46
Normalized Net Income, 2 Yr. CAGR %	23.18	-	-	-24.97	4.22
Diluted EPS Before Extra, 2 Yr. CAGR %	9.88	-	-	-34.76	-14.53
Accounts Receivable, 2 Yr. CAGR %	-66.74	-	-	44.27	695.28
Inventory, 2 Yr. CAGR %	-9.99	-	-	12.56	516.93
Net Property, Plant and Equip., 2 Yr. CAGR %	-43.55	-	-	-20.1	1.22
Total Assets, 2 Yr. CAGR %	6.42	-	-	-22.91	125.42
Tangible Book Value, 2 Yr. CAGR %	-49.97	-	-	25.46	82.02
Common Equity, 2 Yr. CAGR %	63.09	-	-	-44.49	1.77K
Cash From Operations, 2 Yr. CAGR %	-53.71	-	-	-56.99	69.96
Capital Expenditures, 2 Yr. CAGR %	-51.32	-	-	-30.42	11.5
Levered Free Cash Flow, 2 Yr. CAGR %	-70.08	-	-	-	472.2
Unlevered Free Cash Flow, 2 Yr. CAGR %	-74.17	-	-	-	431.73
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-26.38	-	-	-	86.53
Gross Profit, 3 Yr. CAGR %	-4.36	-	-	-	115.14
EBITDA, 3 Yr. CAGR %	234.31	-	-	-	26.3
EBITA, 3 Yr. CAGR %	119.65	-	-	-	25.08
EBIT, 3 Yr. CAGR %	259.64	-	-	-	9.27
Earnings From Cont. Operations, 3 Yr. CAGR %	21.83	-	-	-	38.69
Net Income, 3 Yr. CAGR %	21.85	-	-	-	34.81
Normalized Net Income, 3 Yr. CAGR %	37.22	-	-	-	-6.07
Diluted EPS Before Extra, 3 Yr. CAGR %	5.69	-	-	-	3.71
Accounts Receivable, 3 Yr. CAGR %	-20.71	-	-	-	352.02
Inventory, 3 Yr. CAGR %	5.52	-	-	-	294.34
Net Property, Plant and Equip., 3 Yr. CAGR %	-14.01	-	-	-	-5.75
Total Assets, 3 Yr. CAGR %	52.38	-	-	-	48.18
Tangible Book Value, 3 Yr. CAGR %	4.33	-	-	-	53.26
Common Equity, 3 Yr. CAGR %	54.51	-	-	-	23.59
Cash From Operations, 3 Yr. CAGR %	53.99	-	-	-	-2.2
Capital Expenditures, 3 Yr. CAGR %	-15.32	-	-	-	83.33
Levered Free Cash Flow, 3 Yr. CAGR %	-40.12	-	-	-	-
Unlevered Free Cash Flow, 3 Yr. CAGR %	-44.8	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	15.38	-	-	-	-
Gross Profit, 5 Yr. CAGR %	10.66	-	-	-	-
EBITDA, 5 Yr. CAGR %	16.01	-	-	-	-
EBITA, 5 Yr. CAGR %	16.24	-	-	-	-
EBIT, 5 Yr. CAGR %	56.26	-	-	-	-
Earnings From Cont. Operations, 5 Yr. CAGR %	22.07	-	-	-	-
Net Income, 5 Yr. CAGR %	22.08	-	-	-	-
Normalized Net Income, 5 Yr. CAGR %	63.05	-	-	-	-
Diluted EPS Before Extra, 5 Yr. CAGR %	11.84	-	-	-	-
Accounts Receivable, 5 Yr. CAGR %	23.66	-	-	-	-
Inventory, 5 Yr. CAGR %	6.64	-	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	48.99	-	-	-	-
Total Assets, 5 Yr. CAGR %	56.73	-	-	-	-
Tangible Book Value, 5 Yr. CAGR %	30.16	-	-	-	-
Common Equity, 5 Yr. CAGR %	69.09	-	-	-	-
Cash From Operations, 5 Yr. CAGR %	6.59	-	-	-	-
Capital Expenditures, 5 Yr. CAGR %	-25.85	-	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	-13.35	-	-	-	-
Unlevered Free Cash Flow, 5 Yr. CAGR %	-17.96	-	-	-	-