Cash flow Solaria Energia y Medio Ambiente, S.A.

Equities

SLR

ES0165386014

Independent Power Producers

Market Closed - BME Other stock markets 16:35:10 06/02/2026 GMT			5-day change	1st Jan Change
17.68 ^EUR	+1.14%		-4.90%	-2.59%

01-28	Solaria gets approval for 81 MW project in Palermo, Italy	RE
11-25	Berenberg Notes Solaria's 'Ambitious' Growth Plans; Stock Down to Hold from Buy	MT

05459d0971802a0571ff.U6aMZ9IoAu7XIp8TG88Capz89llyogOQbr0iCTyXBYs.YfbuK5AdZdjiQM1bd6pjOP-0wzc2yEbFD8l1XkzfM-E-9coemlBWhOBm3g

Published financial data: SOLARIA ENERGIA Y MEDIO AMBIENTE, S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues - (Utility Template)	60.74M	106M	157M	191M	177M
Other Revenues, Total	3.76M	4.47M	9.98M	38.68M	33.54M
Total Revenues	64.5M	111M	167M	230M	210M
Operations And Maintenance	-	-	-	-	1.12M
Selling General & Admin Expenses, Total	-	-	-	-	-
Depreciation & Amortization - (IS) - (Collected)	15.38M	20.38M	24.99M	31.48M	43.66M
Other Operating Expenses	15.44M	17.14M	20.26M	30.13M	37M
Total Operating Expenses	30.82M	37.52M	45.25M	61.6M	81.78M
Operating Income (REIT / Utility Template)	33.68M	73M	122M	168M	129M
Interest Expense, Total	-12.98M	-18.12M	-23.2M	-34.17M	-38.1M
Interest and Investment Income	396K	328K	344K	1.44M	625K
Net Interest Expenses	-12.59M	-17.79M	-22.85M	-32.73M	-37.47M
Income (Loss) on Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-64K	-202K	2K	-	-
Other Non Operating Income (Expenses)	-	1.25M	1.82M	-	1K
EBT, Excl. Unusual Items	21.03M	56.25M	101M	136M	91.2M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	28.94M
Asset Writedown	-15K	-	-	-	-
Legal Settlements	-598K	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	20.42M	56.25M	101M	136M	120M
Income Tax Expense	-10M	8.22M	11.02M	28.16M	31.53M
Earnings From Continuing Operations	30.41M	48.04M	90.05M	108M	88.61M
Net Income to Company	30.41M	48.04M	90.05M	108M	88.61M
Net Income - (IS)	30.41M	48.04M	90.05M	108M	88.61M
Net Income to Common Incl Extra Items	30.41M	48.04M	90.05M	108M	88.61M
Net Income to Common Excl. Extra Items	30.41M	48.04M	90.05M	108M	88.61M
Per Share Items
Net EPS - Basic	0.24	0.38	0.72	0.86	0.71
Basic EPS - Continuing Operations	0.24	0.38	0.72	0.86	0.71
Basic Weighted Average Shares Outstanding	125M	125M	125M	125M	125M
Net EPS - Diluted	0.24	0.38	0.72	0.86	0.71
Diluted EPS - Continuing Operations	0.24	0.38	0.72	0.86	0.71
Diluted Weighted Average Shares Outstanding	125M	125M	125M	125M	125M
Normalized Basic EPS	0.11	0.28	0.51	0.68	0.46
Normalized Diluted EPS	0.11	0.28	0.51	0.68	0.46
Supplemental Items
Utility Revenues	53.27M	95.07M	139M	191M	177M
Non Utility Revenues	3.76M	4.47M	9.98M	38.68M	33.54M
EBITDA	47.53M	91.24M	144M	197M	168M
EBITA	33.68M	73M	122M	168M	129M
EBIT	33.68M	73M	122M	168M	129M
EBITDAR	-	91.79M	145M	197M	168M
Effective Tax Rate - (Ratio)	-48.95	14.61	10.91	20.75	26.24
Total Current Taxes	-	4.41M	6.5M	12.92M	11M
Total Deferred Taxes	-	5.3M	8.73M	12.78M	18.62M
Normalized Net Income	13.14M	35.16M	63.17M	84.79M	57M
Interest on Long-Term Debt	-	-	1.82M	3.04M	4.48M
Supplemental Operating Expense Items
Advertising Expense	3K	-	-	-	-
Selling and Marketing Expenses	-	-	-	-	-
Net Rental Expense, Total	-	550K	519K	503K	594K
Imputed Operating Lease Interest Expense	-	141K	114K	135K	162K
Imputed Operating Lease Depreciation	-	409K	405K	368K	432K
Maintenance & Repair Expenses, Total	751K	508K	-	373K	1.12M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	81.31M	153M	151M	77.29M	54.35M
Short Term Investments - (Utility / Insurance Templates)	267K	301K	110K	107K	82K
Trading Asset Securities, Total	-	-	-	-	6.4M
Accounts Receivable, Total	18.48M	34.49M	40.67M	58.44M	69.97M
Other Receivables	5.56M	227K	9.24M	2.5M	2.03M
Accounts Receivable (Summary Subtotal)	24.04M	34.72M	49.92M	60.94M	72M
Inventory - (Utility Template)	-	-	-	-	-
Prepaid Expenses	-	416K	-	-	-
Other Current Assets, Total	-	-	-	-	28.94M
Total Current Assets	106M	188M	201M	138M	162M
Gross Property Plant And Equipment	683M	921M	1.24B	1.58B	1.91B
Accumulated Depreciation	-141M	-137M	-162M	-193M	-237M
Net Property Plant And Equipment	542M	783M	1.08B	1.39B	1.67B
Other Intangibles, Total	177K	168K	165K	343K	326K
Long-Term Investments - (Utility Template)	661K	449K	67.97M	70.43M	85.61M
Deferred Tax Assets Long-Term (Collected)	67.22M	69.47M	80.11M	52.12M	46.98M
Other Long-Term Assets, Total	-	1.03M	675K	1.33M	1.85M
Total Assets	716M	1.04B	1.43B	1.65B	1.97B
Liabilities
Accounts Payable, Total	60.76M	83.91M	81.89M	28.32M	122M
Accrued Expenses, Total	3.4M	2.64M	3.01M	3.51M	5.64M
Short-Term Borrowings	-	781K	-	-	-
Current Portion of Long-Term Debt	16.23M	78.71M	92.82M	168M	137M
Current Portion of Leases	1.34M	4.68M	4.16M	5.13M	16.82M
Current Income Taxes Payable	2.38M	2.58M	3.02M	411K	10.9M
Other Current Liabilities - (Bank / Utility Template)	2.34M	353K	330K	243K	458K
Total Current Liabilities	86.45M	174M	185M	206M	293M
Long-Term Debt	362M	516M	781M	787M	879M
Long-Term Leases	44.4M	106M	99.74M	106M	139M
Unearned Revenue Non Current	-	-	-	-	-
Deferred Tax Liability Non-Current	-	-	16.23M	26.24M	39.71M
Other Non Current Liabilities, Total	-	-	-	-	-1K
Total Liabilities	493M	795M	1.08B	1.12B	1.35B
Common Stock, Total	1.25M	1.25M	1.25M	1.25M	1.25M
Additional Paid In Capital	310M	310M	310M	310M	310M
Retained Earnings	-78.56M	-30.53M	59.52M	167M	256M
Treasury Stock	-	-	-	-	-
Comprehensive Income and Other	-9.85M	-33.04M	-27.16M	44.88M	47.23M
Total Common Equity	223M	247M	343M	523M	614M
Minority Interest	-	-	1.44M	1.2M	3.95M
Total Equity	223M	247M	345M	524M	618M
Total Liabilities And Equity	716M	1.04B	1.43B	1.65B	1.97B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	125M	125M	125M	125M	125M
ECS Total Common Shares Outstanding	125M	125M	125M	125M	125M
Book Value / Share	1.78	1.98	2.75	4.18	4.91
Tangible Book Value	222M	247M	343M	523M	614M
Tangible Book Value Per Share	1.78	1.98	2.75	4.18	4.91
Total Debt	424M	706M	978M	1.07B	1.17B
Net Debt	343M	553M	827M	989M	1.11B
Debt Equivalent Oper. Leases	-	4.4M	4.15M	4.02M	4.75M
Minority Interest, Total (Incl. Fin. Div)	-	-	1.44M	1.2M	3.95M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	6	3	3	3	3
Inventories - Raw Materials, Total	-	-	-	-	-
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	-	-	-	-	-
Inventories - Others	-	-	-	-	-
Land - (BS)	37.02M	31.84M	47.01M	53.84M	53.84M
Machinery, Total	492M	627M	-	-	-
Full Time Employees	104	145	191	250	256
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	30.41M	48.04M	90.05M	108M	88.61M
Depreciation, Depletion & Amortization	15.38M	20.36M	24.97M	31.48M	43.64M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Total Depreciation, Depletion & Amortization	15.38M	20.36M	24.97M	31.48M	43.64M
Amortization of Deferred Charges, Total	-	20K	20K	-	20K
Total Asset Writedown	15K	-	-	-	-
Change in Accounts Receivable	-3.78M	-11.45M	-14.44M	-17.58M	-11.53M
Change In Inventories	-	-	-	-	-
Change in Accounts Payable	13.01M	25.76M	-1.23M	-40.5M	-9.04M
Change in Other Net Operating Assets (Collected)	-	-	-	-	-
Other Operating Activities	-7.49M	11.28M	15.13M	17.17M	3.62M
Cash from Operations	47.55M	94.02M	114M	98.08M	115M
Capital Expenditure	-134M	-195M	-331M	-329M	-187M
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Cash from Investing	-134M	-195M	-331M	-329M	-187M
Long-Term Debt Issued, Total	74.42M	192M	311M	217M	155M
Total Debt Issued	74.42M	192M	311M	217M	155M
Long-Term Debt Repaid, Total	-24.5M	-19.57M	-95.72M	-59.6M	-106M
Total Debt Repaid	-24.5M	-19.57M	-95.72M	-59.6M	-106M
Issuance of Common Stock	-	-	-	-	-
Cash from Financing	49.93M	173M	215M	157M	49.12M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-1K
Net Change in Cash	-36.87M	71.54M	-2.19M	-73.36M	-22.94M
Supplemental Items
Cash Interest Paid	9.28M	12.42M	14.19M	33.96M	37.06M
Cash Income Tax Paid (Refund)	432K	1.26M	2.74M	9.76M	-624K
Net Debt Issued / Repaid	49.93M	173M	215M	157M	49.12M
Levered Free Cash Flow	-95.13M	-129M	-261M	-280M	-20.31M
Unlevered Free Cash Flow	-87.02M	-118M	-246M	-259M	3.5M
Change In Net Working Capital	-10.9M	-11.6M	16.02M	66.78M	-66.82M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	3.2	5.19	6.18	6.84	4.45
Return on Total Capital	3.54	5.7	6.71	7.23	4.76
Return On Equity %	14.63	20.45	30.42	24.75	15.52
Return on Common Equity	14.63	20.45	30.49	24.82	15.59
Margin Analysis
Gross Profit Margin %	100	100	100	100	99.47
SG&A Margin	12.28	9.5	8.06	8.5	10.06
EBITDA Margin %	73.68	82.55	86.16	85.53	79.71
EBITA Margin %	52.22	66.05	72.96	73.22	61.14
EBIT Margin %	52.22	66.05	72.96	73.22	61.14
Income From Continuing Operations Margin %	47.15	43.46	53.81	46.74	42.11
Net Income Margin %	47.15	43.46	53.81	46.74	42.11
Net Avail. For Common Margin %	47.15	43.46	53.81	46.74	42.11
Normalized Net Income Margin	20.38	31.81	37.75	36.87	27.09
Levered Free Cash Flow Margin	-147.48	-116.7	-155.77	-121.75	-9.65
Unlevered Free Cash Flow Margin	-134.9	-106.45	-147.11	-112.46	1.67
Asset Turnover
Asset Turnover	0.1	0.13	0.14	0.15	0.12
Fixed Assets Turnover	0.14	0.17	0.18	0.19	0.14
Receivables Turnover (Average Receivables)	3.7	4	4.19	3.86	2.76
Inventory Turnover (Average Inventory)	-	-	-	-	-
Short Term Liquidity
Current Ratio	1.22	1.08	1.08	0.67	0.55
Quick Ratio	1.22	1.08	1.08	0.67	0.45
Operating Cash Flow to Current Liabilities	0.55	0.54	0.62	0.48	0.39
Days Sales Outstanding (Average Receivables)	99.02	91.14	87.16	94.54	132.82
Days Outstanding Inventory (Average Inventory)	-	-	-	-	-
Average Days Payable Outstanding	-	-	-	-	24.54K
Cash Conversion Cycle (Average Days)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	190.6	285.39	283.63	203.41	189.66
Total Debt / Total Capital	65.59	74.05	73.93	67.04	65.48
LT Debt/Equity	182.71	251.36	255.5	170.35	164.74
Long-Term Debt / Total Capital	62.87	65.22	66.6	56.15	56.87
Total Liabilities / Total Assets	68.9	76.28	75.84	68.21	68.62
EBIT / Interest Expense	2.59	4.03	5.26	4.93	3.38
EBITDA / Interest Expense	3.78	5.15	6.34	5.85	4.52
(EBITDA - Capex) / Interest Expense	-6.57	-5.62	-7.95	-3.77	-0.4
Total Debt / EBITDA	8.64	7.56	6.65	5.33	6.8
Net Debt / EBITDA	6.98	5.92	5.62	4.95	6.45
Total Debt / (EBITDA - Capex)	-4.97	-6.93	-5.3	-8.28	-77.71
Net Debt / (EBITDA - Capex)	-4.02	-5.42	-4.48	-7.68	-73.67
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	56.1	71.34	51.41	37.44	-8.5
Gross Profit, 1 Yr. Growth %	58.63	71.34	51.41	37.44	-8.84
EBITDA, 1 Yr. Growth %	72.08	91.97	58.04	36.43	-14.73
EBITA, 1 Yr. Growth %	130.67	116.71	67.26	37.92	-23.59
EBIT, 1 Yr. Growth %	130.67	116.71	67.26	37.92	-23.59
Earnings From Cont. Operations, 1 Yr. Growth %	27.41	57.94	87.46	19.4	-17.58
Net Income, 1 Yr. Growth %	27.41	57.94	87.46	19.4	-17.58
Diluted EPS Before Extra, 1 Yr. Growth %	27.41	57.94	87.46	19.4	-17.58
Normalized Net Income, 1 Yr. Growth %	226.99	167.46	79.67	34.23	-32.78
Net Property, Plant and Equip., 1 Yr. Growth %	32.55	44.57	37.53	28.35	20.61
Inventory, 1 Yr. Growth %	-	-	-	-	-
Accounts Receivable, 1 Yr. Growth %	28.38	86.68	17.92	43.68	19.73
Total Assets, 1 Yr. Growth %	19.15	45.74	36.85	15.56	19.39
Tangible Book Value, 1 Yr. Growth %	15.15	11.18	38.81	52.3	17.41
Cash From Operations, 1 Yr. Growth %	226.26	97.71	21.78	-17.34	17.57
Capital Expenditures, 1 Yr. Growth %	34.73	45.33	69.76	-0.86	-42.98
Levered Free Cash Flow, 1 Yr. Growth %	146.96	32.64	102.12	7.89	-92.75
Unlevered Free Cash Flow, 1 Yr. Growth %	175.73	32.01	109.25	5.07	-101.35
Common Equity, 1 Yr. Growth %	15.14	11.16	38.78	52.33	17.4
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	29.19	63.54	61.07	44.26	12.14
Gross Profit, 2 Yr. CAGR %	32.94	64.86	61.07	44.26	11.84
EBITDA, 2 Yr. CAGR %	29.46	81.76	74.18	46.84	7.86
EBITA, 2 Yr. CAGR %	51.23	123.58	90.39	51.88	2.66
EBIT, 2 Yr. CAGR %	51.23	123.58	90.39	51.88	2.66
Earnings From Cont. Operations, 2 Yr. CAGR %	19.37	41.85	72.07	49.61	-0.8
Net Income, 2 Yr. CAGR %	19.37	41.85	72.07	49.61	-0.8
Diluted EPS Before Extra, 2 Yr. CAGR %	15.36	41.85	72.07	49.61	-0.8
Normalized Net Income, 2 Yr. CAGR %	137.9	195.73	119.22	55.3	-5.01
Net Property, Plant and Equip., 2 Yr. CAGR %	49.7	38.43	41.01	33.03	24.42
Inventory, 2 Yr. CAGR %	-	-	-	-	-
Accounts Receivable, 2 Yr. CAGR %	41.19	54.81	48.37	30.17	31.16
Total Assets, 2 Yr. CAGR %	34.64	31.77	41.22	25.75	17.46
Common Equity, 2 Yr. CAGR %	14.1	13.13	24.21	45.4	33.73
Tangible Book Value, 2 Yr. CAGR %	18.34	13.14	24.23	45.4	33.72
Cash From Operations, 2 Yr. CAGR %	72.5	153.98	55.17	2.14	-1.42
Capital Expenditures, 2 Yr. CAGR %	117.65	39.93	57.07	29.73	-24.81
Levered Free Cash Flow, 2 Yr. CAGR %	157.95	82.98	63.74	47.35	-72.03
Unlevered Free Cash Flow, 2 Yr. CAGR %	243.51	93.08	66.21	48.28	-88.07
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	24.18	41.94	59.4	52.77	23.94
Gross Profit, 3 Yr. CAGR %	24.96	44.68	60.25	52.77	23.72
EBITDA, 3 Yr. CAGR %	24.33	47.62	73.48	60.56	22.51
EBITA, 3 Yr. CAGR %	35.83	70.5	102.97	70.99	20.8
EBIT, 3 Yr. CAGR %	35.83	70.5	102.97	70.99	20.8
Earnings From Cont. Operations, 3 Yr. CAGR %	26.54	31.04	55.67	52.33	22.64
Net Income, 3 Yr. CAGR %	26.54	31.04	55.67	52.33	22.64
Diluted EPS Before Extra, 3 Yr. CAGR %	20.2	28.1	55.67	52.33	22.64
Normalized Net Income, 3 Yr. CAGR %	74.43	147.38	150.47	86.15	17.48
Net Property, Plant and Equip., 3 Yr. CAGR %	33.72	47.97	38.13	36.77	28.76
Inventory, 3 Yr. CAGR %	-	-	-	-	-
Accounts Receivable, 3 Yr. CAGR %	22.77	54.96	41.38	46.79	26.59
Total Assets, 3 Yr. CAGR %	36.57	38.24	33.44	32.09	23.59
Common Equity, 3 Yr. CAGR %	58.67	13.11	21.11	32.95	35.39
Tangible Book Value, 3 Yr. CAGR %	58.71	15.9	21.12	32.96	35.4
Cash From Operations, 3 Yr. CAGR %	43.57	80.53	98.79	27.29	7.05
Capital Expenditures, 3 Yr. CAGR %	43.34	90.24	49.24	34.73	-1.36
Levered Free Cash Flow, 3 Yr. CAGR %	42.39	108.17	89.15	42.27	-46
Unlevered Free Cash Flow, 3 Yr. CAGR %	49.08	151.74	98.33	42.64	-69
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	31.29	34.89	37.8	42.86	38.48
Gross Profit, 5 Yr. CAGR %	32.34	35.41	38.31	44.51	38.78
EBITDA, 5 Yr. CAGR %	47.99	38.83	42.28	47.31	43.45
EBITA, 5 Yr. CAGR %	239.22	57.81	55.47	62.79	54.53
EBIT, 5 Yr. CAGR %	239.22	57.81	55.47	62.79	54.53
Earnings From Cont. Operations, 5 Yr. CAGR %	35.56	46.91	43.09	38.18	29.99
Net Income, 5 Yr. CAGR %	35.56	46.91	43.09	38.18	29.99
Diluted EPS Before Extra, 5 Yr. CAGR %	31.45	42.45	38.75	36.3	30
Normalized Net Income, 5 Yr. CAGR %	73.68	119.98	91.13	105.34	69.95
Net Property, Plant and Equip., 5 Yr. CAGR %	31.13	32.94	36.59	41.81	32.54
Inventory, 5 Yr. CAGR %	-	-	-	-	-
Accounts Receivable, 5 Yr. CAGR %	30.11	36.33	32.43	44.52	37.2
Total Assets, 5 Yr. CAGR %	33.02	32.82	38.41	33.1	26.8
Common Equity, 5 Yr. CAGR %	40.49	43.75	43.87	25.06	26.01
Tangible Book Value, 5 Yr. CAGR %	41	43.79	43.9	26.9	26.01
Cash From Operations, 5 Yr. CAGR %	112.59	151.36	48.1	43.75	51.24
Capital Expenditures, 5 Yr. CAGR %	274.25	359.81	48.68	63.23	13.45
Levered Free Cash Flow, 5 Yr. CAGR %	34.39	68.73	51.23	81.3	-12.02
Unlevered Free Cash Flow, 5 Yr. CAGR %	36.29	154.86	56.45	103.71	-35.57