Balance Sheet Mind Gym plc

Stocks

MIND

GB00BF3SQB83

Business Support Services

Market Closed - London S.E. Other stock markets 16:35:07 20/07/2026 BST			5-day change	1st Jan Change
8.500 ^GBX	0.00%		0.00%	-29.17%

07-10	WINNERS & LOSERS: Safestay jumps on possible offer; LPA wins contracts	AN
06-25	EARNINGS: Manolete margin climbs; Mind Gym to cut costs as sales fall	AN

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Published financial data: MIND GYM PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022	2023	2024	2025	2026
Revenues	48.67M	55.01M	44.91M	38.61M	29.9M
Total Revenues	48.67M	55.01M	44.91M	38.61M	29.9M
Cost of Goods Sold, Total	6.28M	6.36M	6.19M	5.16M	3.82M
Gross Profit	42.38M	48.65M	38.72M	33.44M	26.08M
Selling General & Admin Expenses, Total	42.73M	45.57M	50.73M	39.6M	31.09M
Provision for Bad Debts	-	-	-	-	-
Other Operating Expenses	-	-	-	-107K	-
Other Operating Expenses, Total	42.73M	45.57M	50.73M	39.49M	31.09M
Operating Income	-349K	3.08M	-12.01M	-6.05M	-5.01M
Interest Expense, Total	-152K	-174K	-163K	-142K	-117K
Interest And Investment Income	19K	55K	30K	1K	-
Net Interest Expenses	-133K	-119K	-133K	-141K	-117K
Other Non Operating Income (Expenses)	-	-	-	-	-40K
EBT, Excl. Unusual Items	-482K	2.96M	-12.15M	-6.19M	-5.17M
EBT, Incl. Unusual Items	-482K	2.96M	-12.15M	-6.19M	-5.17M
Income Tax Expense	-2.08M	29K	-1.26M	2M	98K
Earnings From Continuing Operations	1.6M	2.94M	-10.89M	-8.19M	-5.27M
Net Income to Company	1.6M	2.94M	-10.89M	-8.19M	-5.27M
Net Income - (IS)	1.6M	2.94M	-10.89M	-8.19M	-5.27M
Net Income to Common Incl Extra Items	1.6M	2.94M	-10.89M	-8.19M	-5.27M
Net Income to Common Excl. Extra Items	1.6M	2.94M	-10.89M	-8.19M	-5.27M
Per Share Items
Net EPS - Basic	0.02	0.03	-0.11	-0.08	-0.05
Basic EPS - Continuing Operations	0.02	0.03	-0.11	-0.08	-0.05
Basic Weighted Average Shares Outstanding	100M	100M	100M	100M	100M
Net EPS - Diluted	0.02	0.03	-0.11	-0.08	-0.05
Diluted EPS - Continuing Operations	0.02	0.03	-0.11	-0.08	-0.05
Diluted Weighted Average Shares Outstanding	100M	103M	100M	107M	100M
Normalized Basic EPS	-0	0.02	-0.08	-0.04	-0.03
Normalized Diluted EPS	-0	0.02	-0.08	-0.04	-0.03
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	18K	3.54M	-11.61M	-5.78M	-4.93M
EBITA	-349K	3.08M	-12.01M	-6.04M	-5M
EBIT	-349K	3.08M	-12.01M	-6.05M	-5.01M
EBITDAR	41K	3.56M	-11.59M	-5.77M	-4.92M
Effective Tax Rate - (Ratio)	432.37	0.98	10.36	-32.32	-1.9
Current Domestic Taxes	-42K	8K	-2.32M	-7K	-9K
Current Foreign Taxes	345K	395K	121K	30K	6K
Total Current Taxes	303K	403K	-2.2M	23K	-3K
Total Deferred Taxes	-2.39M	-374K	945K	1.98M	101K
Normalized Net Income	-301K	1.85M	-7.59M	-3.87M	-3.23M
Interest on Long-Term Debt	125K	122K	116K	68K	40K
Supplemental Operating Expense Items
General and Administrative Expenses	42.73M	45.57M	50.73M	39.6M	31.09M
Research And Development Expense From Footnotes	325K	740K	8.21M	5.92M	912K
Net Rental Expense, Total	23K	18K	14K	7K	1K
Imputed Operating Lease Interest Expense	10.41K	9.43K	7.12K	5K	701
Imputed Operating Lease Depreciation	12.59K	8.57K	6.88K	2K	299
Stock-Based Comp., Other (Total)	341K	-73K	-7K	-18K	138K
Total Stock-Based Compensation	341K	-73K	-7K	-18K	138K

Fiscal Period: March	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	10.02M	7.59M	1.37M	570K	494K
Total Cash And Short Term Investments	10.02M	7.59M	1.37M	570K	494K
Accounts Receivable, Total	7.87M	6.63M	5.89M	5.24M	4.1M
Other Receivables	1.52M	2.55M	1.42M	730K	1.55M
Total Receivables	9.39M	9.18M	7.32M	5.97M	5.66M
Inventory	7K	53K	40K	25K	12K
Prepaid Expenses	1.17M	1.12M	796K	583K	532K
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	-	-	226K	11K	11K
Total Current Assets	20.58M	17.95M	9.75M	7.16M	6.7M
Gross Property Plant And Equipment	6.12M	8.52M	8.04M	4.1M	4.11M
Accumulated Depreciation	-3.3M	-4.83M	-5.94M	-2.9M	-3.36M
Net Property Plant And Equipment	2.82M	3.69M	2.1M	1.2M	751K
Other Intangibles, Total	0	55K	71K	89K	93K
Accounts Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	2.85M	3.23M	2.28M	303K	201K
Deferred Charges Long-Term	8.18M	12.26M	8.18M	3.66M	503K
Other Long-Term Assets, Total	217K	230K	-	-	-
Total Assets	34.64M	37.42M	22.38M	12.41M	8.25M
Liabilities
Accounts Payable, Total	1.4M	1.26M	1.17M	1.02M	865K
Accrued Expenses, Total	5.92M	5.35M	4.58M	4.12M	4.16M
Short-term Borrowings	-	-	-	-	798K
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	856K	1.12M	980K	518K	526K
Current Income Taxes Payable	28K	20K	1K	-	-
Unearned Revenue Current, Total	4.72M	4.42M	2.4M	2.16M	2.83M
Other Current Liabilities	690K	396K	323K	356K	449K
Total Current Liabilities	13.61M	12.56M	9.46M	8.16M	9.63M
Long-Term Leases	1.35M	1.99M	1.04M	646K	181K
Total Liabilities	14.96M	14.55M	10.49M	8.81M	9.81M
Preferred Stock Redeemable	50K	50K	50K	50K	50K
Total Preferred Equity	50K	50K	50K	50K	50K
Common Stock, Total	1K	1K	1K	1K	1K
Additional Paid In Capital	213K	242K	258K	274K	275K
Retained Earnings	18.8M	22.08M	11.1M	2.83M	-2.38M
Comprehensive Income and Other	608K	496K	481K	441K	499K
Total Common Equity	19.63M	22.81M	11.84M	3.55M	-1.6M
Total Equity	19.68M	22.86M	11.89M	3.6M	-1.55M
Total Liabilities And Equity	34.64M	37.42M	22.38M	12.41M	8.25M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	99.99M	100M	100M	100M	100M
ECS Total Common Shares Outstanding	99.99M	100M	100M	100M	100M
Book Value / Share	0.2	0.23	0.12	0.04	-0.02
Tangible Book Value	19.63M	22.76M	11.77M	3.46M	-1.7M
Tangible Book Value Per Share	0.2	0.23	0.12	0.03	-0.02
Total Debt	2.2M	3.11M	2.02M	1.16M	1.5M
Net Debt	-7.82M	-4.48M	649K	594K	1.01M
Debt Equivalent Oper. Leases	184K	144K	112K	56K	8K
Account Code - Inventory Valuation	5	4	3	3	3
Inventories - Finished Goods, Total	7K	53K	40K	25K	12K
Land - (BS)	-	-	-	-	-
Machinery, Total	1.51M	1.79M	1.34M	654K	688K
Full Time Employees	335	373	270	223	188
Accumulated Allowance for Doubtful Accounts (Supple)	212K	102K	113K	91K	84K

Fiscal Period: March	2022	2023	2024	2025	2026
Net Income	1.6M	2.94M	-10.89M	-8.19M	-5.27M
Depreciation & Amortization - CF	1.25M	1.47M	1.17M	987K	543K
Amortization of Goodwill and Intangible Assets - (CF)	-	-	7K	10K	11K
Depreciation & Amortization, Total	1.25M	1.47M	1.18M	997K	554K
Amortization of Deferred Charges, Total - (CF)	325K	743K	1.61M	1.52M	912K
(Gain) Loss From Sale Of Asset	-	-	-	83K	-
Asset Writedown & Restructuring Costs	-	-	7.12M	4.43M	2.98M
Stock-Based Compensation (CF)	341K	-73K	-7K	-18K	138K
Other Operating Activities, Total	-2.76M	-618K	1.3M	2.6M	256K
Change In Accounts Receivable	686K	524K	1.97M	1.32M	374K
Change In Inventories	-7K	-46K	13K	15K	13K
Change In Accounts Payable	-1.08M	-1.31M	-2.96M	-827K	655K
Cash from Operations	352K	3.63M	-665K	1.93M	617K
Capital Expenditure	-514K	-240K	-82K	-42K	-36K
Sale of Property, Plant, and Equipment	-	-	-	-	-
Sale (Purchase) of Intangible assets	-5.62M	-4.89M	-4.15M	-1.46M	-751K
Other Investing Activities, Total	12K	54K	30K	1K	-
Cash from Investing	-6.12M	-5.07M	-4.2M	-1.5M	-787K
Long-Term Debt Repaid, Total	-1.23M	-1.3M	-1.23M	-1.05M	-591K
Total Debt Repaid	-1.23M	-1.3M	-1.23M	-1.05M	-591K
Issuance of Common Stock	56K	29K	16K	16K	1K
Issuance of Preferred Stock	-	-	-	-	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-27K	-52K	-47K	-74K	-117K
Cash from Financing	-1.2M	-1.32M	-1.26M	-1.1M	-707K
Foreign Exchange Rate Adjustments	158K	334K	-90K	-126K	3K
Net Change in Cash	-6.81M	-2.43M	-6.22M	-799K	-874K
Supplemental Items
Cash Interest Paid	27K	52K	47K	74K	117K
Cash Income Tax Paid (Refund)	812K	766K	-1.36M	-165K	-
Levered Free Cash Flow	-5.36M	-2.28M	-10.05M	-1.91M	-1.36M
Unlevered Free Cash Flow	-5.26M	-2.17M	-9.95M	-1.82M	-1.28M
Change In Net Working Capital	824K	1.11M	987K	-961K	-1.03M
Net Debt Issued / Repaid	-1.23M	-1.3M	-1.23M	-1.05M	-591K

Fiscal Period: March	2022	2023	2024	2025	2026
Profitability
Return on Assets	-0.63	5.35	-25.11	-21.73	-30.31
Return on Total Capital	-1.03	8.05	-37.66	-40.5	-132.88
Return On Equity %	8.62	13.8	-62.66	-105.76	-515.01
Return on Common Equity	8.64	13.83	-62.84	-106.45	-541.49
Margin Analysis
Gross Profit Margin %	87.09	88.44	86.21	86.63	87.21
SG&A Margin	87.81	82.83	112.96	102.57	103.97
EBITDA Margin %	0.04	6.43	-25.84	-14.97	-16.47
EBITA Margin %	-0.72	5.6	-26.73	-15.64	-16.72
EBIT Margin %	-0.72	5.6	-26.75	-15.67	-16.76
Income From Continuing Operations Margin %	3.29	5.34	-24.24	-21.21	-17.61
Net Income Margin %	3.29	5.34	-24.24	-21.21	-17.61
Net Avail. For Common Margin %	3.29	5.34	-24.24	-21.21	-17.61
Normalized Net Income Margin	-0.62	3.37	-16.9	-10.02	-10.8
Levered Free Cash Flow Margin	-11.01	-4.15	-22.38	-4.94	-4.53
Unlevered Free Cash Flow Margin	-10.81	-3.95	-22.15	-4.71	-4.29
Asset Turnover
Asset Turnover	1.41	1.53	1.5	2.22	2.89
Fixed Assets Turnover	15.65	16.91	15.51	23.4	30.67
Receivables Turnover (Average Receivables)	5.74	7.59	7.17	6.94	6.4
Inventory Turnover (Average Inventory)	-	212	133.2	158.86	206.76
Short Term Liquidity
Current Ratio	1.51	1.43	1.03	0.88	0.7
Quick Ratio	1.43	1.33	0.92	0.8	0.64
Operating Cash Flow to Current Liabilities	0.03	0.29	-0.07	0.24	0.06
Days Sales Outstanding (Average Receivables)	63.56	48.09	51.01	52.62	57.03
Days Outstanding Inventory (Average Inventory)	-	1.72	2.75	2.3	1.77
Average Days Payable Outstanding	-	75.72	71.91	77.57	90.05
Cash Conversion Cycle (Average Days)	-	-25.91	-18.16	-22.64	-31.26
Long Term Solvency
Total Debt/Equity	11.21	13.6	16.98	32.34	-96.85
Total Debt / Total Capital	10.08	11.97	14.51	24.44	-3.07K
LT Debt/Equity	6.86	8.69	8.73	17.95	-11.65
Long-Term Debt / Total Capital	6.17	7.65	7.46	13.56	-369.39
Total Liabilities / Total Assets	43.2	38.89	46.89	71	118.83
EBIT / Interest Expense	-2.3	17.72	-73.71	-42.59	-42.83
EBITDA / Interest Expense	5.94	26.16	-66.47	-35.57	-38.09
(EBITDA - Capex) / Interest Expense	2.56	24.78	-66.97	-35.87	-38.4
Total Debt / EBITDA	2.44	0.68	-0.19	-0.23	-0.34
Net Debt / EBITDA	-8.66	-0.98	-0.06	-0.12	-0.23
Total Debt / (EBITDA - Capex)	5.67	0.72	-0.18	-0.23	-0.33
Net Debt / (EBITDA - Capex)	-20.09	-1.04	-0.06	-0.12	-0.23
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	23.58	13.03	-18.35	-14.04	-22.55
Gross Profit, 1 Yr. Growth %	23.15	14.79	-20.41	-13.63	-22.03
EBITDA, 1 Yr. Growth %	-147.37	19.56K	-427.76	-50.19	-14.79
EBITA, 1 Yr. Growth %	59.36	-983.38	-489.08	-49.71	-17.19
EBIT, 1 Yr. Growth %	59.36	-983.38	-489.69	-49.66	-17.15
Earnings From Cont. Operations, 1 Yr. Growth %	-790.52	83.21	-470.97	-24.79	-35.69
Net Income, 1 Yr. Growth %	-790.52	83.21	-470.97	-24.79	-35.69
Normalized Net Income, 1 Yr. Growth %	35.39	-714.94	-509.82	-49.05	-16.5
Diluted EPS Before Extra, 1 Yr. Growth %	-783.24	78.62	-482.68	-24.85	-35.76
Accounts Receivable, 1 Yr. Growth %	-13.38	-15.76	-11.1	-11.07	-21.68
Inventory, 1 Yr. Growth %	-	657.14	-24.53	-37.5	-52
Net Property, Plant and Equip., 1 Yr. Growth %	-17.35	31.12	-43.1	-42.9	-37.36
Total Assets, 1 Yr. Growth %	0.15	8.02	-40.19	-44.55	-33.5
Tangible Book Value, 1 Yr. Growth %	12.46	15.96	-48.3	-70.59	-149.05
Common Equity, 1 Yr. Growth %	12.46	16.24	-48.12	-70.02	-145.2
Cash From Operations, 1 Yr. Growth %	-93.49	930.4	-118.33	-390.38	-68.05
Capital Expenditures, 1 Yr. Growth %	32.47	-53.31	-65.83	-48.78	-14.29
Levered Free Cash Flow, 1 Yr. Growth %	-383.88	-57.42	340.6	-81.02	-28.27
Unlevered Free Cash Flow, 1 Yr. Growth %	-364.23	-58.71	357.97	-81.71	-29.53
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	0.43	18.19	-3.93	-16.23	-18.41
Gross Profit, 2 Yr. CAGR %	4.83	18.9	-4.42	-17.09	-17.93
EBITDA, 2 Yr. CAGR %	-95.12	864.91	2.44K	27.77	-34.85
EBITA, 2 Yr. CAGR %	-78.32	275.2	486.55	39.88	-35.47
EBIT, 2 Yr. CAGR %	-78.32	275.2	486.72	40.06	-35.42
Earnings From Cont. Operations, 2 Yr. CAGR %	-47.91	255.68	160.7	67.04	-30.46
Net Income, 2 Yr. CAGR %	-47.91	255.68	160.7	67.04	-30.46
Normalized Net Income, 2 Yr. CAGR %	-74.48	188.55	402.01	44.5	-34.77
Diluted EPS Before Extra, 2 Yr. CAGR %	-48.13	249.34	161.45	69.58	-30.52
Accounts Receivable, 2 Yr. CAGR %	-1.41	-14.58	-13.46	-11.09	-16.54
Inventory, 2 Yr. CAGR %	-69.03	-	139.05	-31.32	-45.23
Net Property, Plant and Equip., 2 Yr. CAGR %	-19.97	4.1	-13.63	-43	-40.2
Total Assets, 2 Yr. CAGR %	5.2	4.01	-19.62	-42.41	-39.27
Tangible Book Value, 2 Yr. CAGR %	5.73	14.2	-22.57	-61.01	-62.02
Common Equity, 2 Yr. CAGR %	5.73	14.33	-22.34	-60.56	-63.19
Cash From Operations, 2 Yr. CAGR %	-82.31	-18.13	37.45	-27.03	-3.68
Capital Expenditures, 2 Yr. CAGR %	-3.85	-21.35	-60.06	-58.17	-33.74
Levered Free Cash Flow, 2 Yr. CAGR %	-21.59	9.95	36.98	-8.54	-63.28
Unlevered Free Cash Flow, 2 Yr. CAGR %	-22.5	4.45	37.51	-8.49	-64.1
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	4.92	4.47	4.48	-7.43	-18.39
Gross Profit, 3 Yr. CAGR %	7.69	8.05	4.01	-7.59	-18.77
EBITDA, 3 Yr. CAGR %	-84.88	-22.32	573.44	584.82	11.63
EBITA, 3 Yr. CAGR %	-59.18	-25.39	279.89	158.64	17.45
EBIT, 3 Yr. CAGR %	-59.18	-25.39	279.97	158.78	17.58
Earnings From Cont. Operations, 3 Yr. CAGR %	-25.99	-20.79	260.71	72.26	21.51
Net Income, 3 Yr. CAGR %	-25.99	-20.79	260.71	72.26	21.51
Normalized Net Income, 3 Yr. CAGR %	-54.54	-26.28	224.34	134.17	20.36
Diluted EPS Before Extra, 3 Yr. CAGR %	-26.1	-21.67	260.12	72.54	22.7
Accounts Receivable, 3 Yr. CAGR %	-8.56	-6.44	-13.43	-12.67	-14.77
Inventory, 3 Yr. CAGR %	-49.07	-10.12	-	52.86	-39.05
Net Property, Plant and Equip., 3 Yr. CAGR %	172.58	-5.65	-14.89	-24.76	-41.18
Total Assets, 3 Yr. CAGR %	13.93	6.13	-13.51	-28.98	-39.58
Tangible Book Value, 3 Yr. CAGR %	12.92	9.04	-12.31	-43.93	-57.91
Common Equity, 3 Yr. CAGR %	12.92	9.12	-12.14	-43.45	-58.73
Cash From Operations, 3 Yr. CAGR %	-62.9	-31.44	-50.28	76.37	-44.59
Capital Expenditures, 3 Yr. CAGR %	55.39	-24.42	-40.43	-56.61	-46.87
Levered Free Cash Flow, 3 Yr. CAGR %	15.98	-36.03	74.64	-29.11	-15.94
Unlevered Free Cash Flow, 3 Yr. CAGR %	15.29	-37.18	70.95	-29.81	-16.12
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	9.72	8.27	1.29	-4.36	-5.36
Gross Profit, 5 Yr. CAGR %	12.26	10.65	2.67	-2.81	-5.4
EBITDA, 5 Yr. CAGR %	-67.33	-10.75	17.39	-5.19	164.57
EBITA, 5 Yr. CAGR %	-40.36	-12.94	18.54	-4.04	86.94
EBIT, 5 Yr. CAGR %	-40.36	-12.94	18.55	-4.01	87.02
Earnings From Cont. Operations, 5 Yr. CAGR %	-13.77	-7.68	22.48	6.76	86.72
Net Income, 5 Yr. CAGR %	-13.77	-7.68	22.48	6.76	86.72
Normalized Net Income, 5 Yr. CAGR %	-36.38	-13.62	18.81	-3.51	70.76
Diluted EPS Before Extra, 5 Yr. CAGR %	-13.06	-7.96	22.5	6.68	86.47
Accounts Receivable, 5 Yr. CAGR %	3.19	-2.95	-10.55	-8.33	-14.69
Inventory, 5 Yr. CAGR %	-52.2	-27.3	-5.47	-19.29	-
Net Property, Plant and Equip., 5 Yr. CAGR %	97.77	114.65	72.12	-22.88	-26.09
Total Assets, 5 Yr. CAGR %	19.39	13.23	-0.91	-16.89	-24.92
Tangible Book Value, 5 Yr. CAGR %	25.95	13.3	-2.9	-27.74	-37.26
Common Equity, 5 Yr. CAGR %	25.95	13.36	-2.78	-27.37	-37.96
Cash From Operations, 5 Yr. CAGR %	-33.64	7.33	-37.35	-29.71	-35.23
Capital Expenditures, 5 Yr. CAGR %	31.21	27.58	-9.76	-40.35	-37.84
Levered Free Cash Flow, 5 Yr. CAGR %	36.28	4.2	23.96	-26.2	-6.41
Unlevered Free Cash Flow, 5 Yr. CAGR %	35.75	3.17	23.71	-26.98	-8.43