Cash flow Velocity Composites plc

Equities

VEL

GB00BF339H01

Aerospace & Defense

Market Closed - London S.E. Other stock markets 16:35:09 11/07/2025 BST			5-day change	1st Jan Change
26.50 ^GBX	-1.85%		-8.62%	-1.85%

06-25	Velocity Composites plc, H1 2025 Earnings Call, Jun 25, 2025
06-25	Velocity Composites plc Reports Earnings Results for the Half Year Ended April 30, 2025	CI

44e774098f5e12d.zi4jWE9psDcpf_qMbohpEgy-eH4vhOktL8Y8dTuwM9Q.vGV8OQEr4X9fSp_vG-QmcTrPEBobqcRjGbNdKgLoXrqMYXESLV7pQW8zwg

Published financial data: VELOCITY COMPOSITES PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: October	2020	2021	2022	2023	2024
Revenues	13.56M	9.77M	11.96M	16.41M	23.01M
Total Revenues	13.56M	9.77M	11.96M	16.41M	23.01M
Cost of Goods Sold, Total	11.24M	7.23M	9.21M	13.32M	17.04M
Gross Profit	2.32M	2.54M	2.75M	3.09M	5.96M
Selling General & Admin Expenses, Total	5.13M	3.9M	4.06M	5.78M	6.98M
Other Operating Expenses	-	-	-	-	-86K
Other Operating Expenses, Total	5.13M	3.9M	4.06M	5.78M	6.89M
Operating Income	-2.81M	-1.36M	-1.32M	-2.7M	-931K
Interest Expense, Total	-105K	-182K	-187K	-326K	-413K
Interest And Investment Income	7K	-	-	-	-
Net Interest Expenses	-98K	-182K	-187K	-326K	-413K
EBT, Excl. Unusual Items	-2.91M	-1.55M	-1.5M	-3.02M	-1.34M
Restructuring Charges	-341K	-	-	-	-
Other Unusual Items	-	-	-	-120K	-
EBT, Incl. Unusual Items	-3.25M	-1.55M	-1.5M	-3.14M	-1.34M
Income Tax Expense	-117K	-340K	-167K	-	-499K
Earnings From Continuing Operations	-3.13M	-1.21M	-1.34M	-3.14M	-845K
Net Income to Company	-3.13M	-1.21M	-1.34M	-3.14M	-845K
Net Income - (IS)	-3.13M	-1.21M	-1.34M	-3.14M	-845K
Net Income to Common Incl Extra Items	-3.13M	-1.21M	-1.34M	-3.14M	-845K
Net Income to Common Excl. Extra Items	-3.13M	-1.21M	-1.34M	-3.14M	-845K
Per Share Items
Net EPS - Basic	-0.09	-0.03	-0.04	-0.08	-0.02
Basic EPS - Continuing Operations	-0.09	-0.03	-0.04	-0.08	-0.02
Basic Weighted Average Shares Outstanding	36M	36.27M	36.37M	39.76M	53.45M
Net EPS - Diluted	-0.09	-0.03	-0.04	-0.08	-0.02
Diluted EPS - Continuing Operations	-0.09	-0.03	-0.04	-0.08	-0.02
Diluted Weighted Average Shares Outstanding	36M	36.27M	36.37M	39.76M	53.45M
Normalized Basic EPS	-0.05	-0.03	-0.03	-0.05	-0.02
Normalized Diluted EPS	-0.05	-0.03	-0.03	-0.05	-0.02
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	-2.48M	-1.14M	-1.11M	-2.4M	-549K
EBITA	-2.81M	-1.36M	-1.32M	-2.7M	-931K
EBIT	-2.81M	-1.36M	-1.32M	-2.7M	-931K
EBITDAR	-2.42M	-	-	-	-
Effective Tax Rate - (Ratio)	3.6	21.99	11.1	-	37.13
Current Domestic Taxes	-117K	-340K	-167K	-	-499K
Total Current Taxes	-117K	-340K	-167K	-	-499K
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	-1.82M	-966K	-940K	-1.89M	-840K
Interest on Long-Term Debt	63K	112K	81K	120K	108K
Supplemental Operating Expense Items
General and Administrative Expenses	5.13M	3.9M	4.06M	5.78M	6.98M
Research And Development Expense From Footnotes	190K	76K	53K	116K	240K
Net Rental Expense, Total	59K	-	-	-	-
Imputed Operating Lease Interest Expense	26.33K	-	-	-	-
Imputed Operating Lease Depreciation	32.67K	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	167K	90K	170K	206K	143K
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	167K	90K	170K	206K	143K

Fiscal Period: October	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	3.27M	3.48M	2.34M	3.18M	1.66M
Total Cash And Short Term Investments	3.27M	3.48M	2.34M	3.18M	1.66M
Accounts Receivable, Total	1.95M	1.88M	2.23M	3.19M	3.35M
Other Receivables	251K	360K	11K	95K	228K
Total Receivables	2.2M	2.24M	2.24M	3.28M	3.58M
Inventory	1.91M	877K	1.41M	2.74M	2.5M
Prepaid Expenses	259K	260K	283K	385K	400K
Total Current Assets	7.64M	6.86M	6.27M	9.59M	8.14M
Gross Property Plant And Equipment	4.97M	5.13M	6.06M	7.68M	8.05M
Accumulated Depreciation	-2.12M	-2.4M	-2.7M	-3.46M	-4.37M
Net Property Plant And Equipment	2.85M	2.74M	3.37M	4.22M	3.68M
Deferred Charges Long-Term	167K	91K	173K	890K	987K
Total Assets	10.66M	9.69M	9.81M	14.7M	12.81M
Liabilities
Accounts Payable, Total	487K	639K	1.13M	3.79M	3.25M
Accrued Expenses, Total	585K	137K	457K	534K	366K
Short-term Borrowings	-	-	175K	68K	-
Current Portion of Long-Term Debt	500K	514K	503K	503K	503K
Current Portion of Leases	411K	309K	405K	487K	561K
Current Income Taxes Payable	417K	268K	267K	184K	316K
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	15K	14K	174K	15K	-
Total Current Liabilities	2.42M	1.88M	3.12M	5.58M	5M
Long-Term Debt	1.5M	2M	1.51M	970K	468K
Long-Term Leases	1.06M	1.24M	1.79M	1.59M	1.26M
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	-	-	-	-	218K
Total Liabilities	4.98M	5.12M	6.41M	8.13M	6.94M
Common Stock, Total	91K	91K	91K	133K	134K
Additional Paid In Capital	9.73M	9.73M	9.73M	4.87M	4.87M
Retained Earnings	-4.63M	-5.79M	-7.1M	1.09M	345K
Comprehensive Income and Other	490K	539K	684K	478K	517K
Total Common Equity	5.68M	4.57M	3.4M	6.57M	5.87M
Total Equity	5.68M	4.57M	3.4M	6.57M	5.87M
Total Liabilities And Equity	10.66M	9.69M	9.81M	14.7M	12.81M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	36.23M	36.3M	36.46M	53.39M	53.51M
ECS Total Common Shares Outstanding	36.23M	36.3M	36.46M	53.39M	53.51M
Book Value / Share	0.16	0.13	0.09	0.12	0.11
Tangible Book Value	5.68M	4.57M	3.4M	6.57M	5.87M
Tangible Book Value Per Share	0.16	0.13	0.09	0.12	0.11
Total Debt	3.47M	4.06M	4.38M	3.62M	2.79M
Net Debt	203K	585K	2.04M	437K	1.13M
Debt Equivalent Oper. Leases	472K	-	-	-	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	1.56M	541K	1.11M	1.83M	1.7M
Inventories - Finished Goods, Total	350K	336K	293K	913K	802K
Machinery, Total	3.03M	2.33M	2.33M	3.26M	3.38M
Full Time Employees	70	75	79	102	102

Fiscal Period: October	2020	2021	2022	2023	2024
Net Income	-3.13M	-1.21M	-1.34M	-3.14M	-845K
Depreciation & Amortization - CF	573K	650K	642K	769K	922K
Depreciation & Amortization, Total	573K	650K	642K	769K	922K
Amortization of Deferred Charges, Total - (CF)	118K	76K	53K	116K	240K
(Gain) Loss From Sale Of Asset	-	-13K	-38K	-4K	-
Asset Writedown & Restructuring Costs	72K	-	-	-	-
Stock-Based Compensation (CF)	120K	90K	170K	206K	143K
Other Operating Activities, Total	-19K	-159K	530K	326K	283K
Change In Accounts Receivable	1.68M	302K	-359K	-1.15M	-180K
Change In Inventories	1.27M	1.03M	-530K	-1.34M	243K
Change In Accounts Payable	-1.53M	-446K	1.15M	2.38M	-654K
Change in Other Net Operating Assets	-	-	-	-	218K
Cash from Operations	-838K	325K	280K	-1.83M	370K
Capital Expenditure	-991K	-64K	-262K	-1.29M	-212K
Sale of Property, Plant, and Equipment	3K	13K	42K	4K	-
Sale (Purchase) of Intangible assets	-39K	-	-136K	-833K	-372K
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-1.03M	-51K	-356K	-2.12M	-584K
Long-Term Debt Issued, Total	2.21M	634K	-	-	-
Total Debt Issued	2.21M	634K	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-404K	-519K	-869K	-991K	-999K
Total Debt Repaid	-404K	-519K	-869K	-991K	-999K
Issuance of Common Stock	-	-	-	6.59M	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-98K	-181K	-187K	-811K	-413K
Cash from Financing	1.71M	-66K	-1.06M	4.79M	-1.41M
Foreign Exchange Rate Adjustments	-	-	-	-	111K
Net Change in Cash	-156K	208K	-1.13M	834K	-1.52M
Supplemental Items
Cash Interest Paid	42K	70K	187K	326K	413K
Cash Income Tax Paid (Refund)	-	-	-510K	-	-398K
Levered Free Cash Flow	-678K	332K	-47K	-2.92M	-772K
Unlevered Free Cash Flow	-613K	446K	69.88K	-2.72M	-514K
Change In Net Working Capital	-1.31M	-546K	-426K	-5K	653K
Net Debt Issued / Repaid	1.81M	115K	-869K	-991K	-999K

Fiscal Period: October	2020	2021	2022	2023	2024
Profitability
Return on Assets	-15.35	-8.38	-8.44	-13.75	-4.23
Return on Total Capital	-19.35	-9.59	-10.03	-18.77	-6.18
Return On Equity %	-43.55	-23.53	-33.56	-63.06	-13.59
Return on Common Equity	-43.55	-23.53	-33.56	-63.06	-13.59
Margin Analysis
Gross Profit Margin %	17.14	26	22.96	18.8	25.91
SG&A Margin	37.84	39.96	33.97	35.24	30.33
EBITDA Margin %	-18.3	-11.62	-9.26	-14.62	-2.39
EBITA Margin %	-20.71	-13.97	-11.01	-16.43	-4.05
EBIT Margin %	-20.71	-13.97	-11.01	-16.43	-4.05
Income From Continuing Operations Margin %	-23.08	-12.35	-11.18	-19.15	-3.67
Net Income Margin %	-23.08	-12.35	-11.18	-19.15	-3.67
Net Avail. For Common Margin %	-23.08	-12.35	-11.18	-19.15	-3.67
Normalized Net Income Margin	-13.39	-9.89	-7.86	-11.51	-3.65
Levered Free Cash Flow Margin	-5	3.4	-0.39	-17.79	-3.36
Unlevered Free Cash Flow Margin	-4.52	4.56	0.58	-16.55	-2.23
Asset Turnover
Asset Turnover	1.19	0.96	1.23	1.34	1.67
Fixed Assets Turnover	6.93	3.5	3.92	4.32	5.82
Receivables Turnover (Average Receivables)	4.88	5.09	5.82	6.06	7.04
Inventory Turnover (Average Inventory)	4.42	5.19	8.07	6.42	6.5
Short Term Liquidity
Current Ratio	3.16	3.64	2.01	1.72	1.63
Quick Ratio	2.27	3.04	1.47	1.16	1.05
Operating Cash Flow to Current Liabilities	-0.35	0.17	0.09	-0.33	0.07
Days Sales Outstanding (Average Receivables)	75.04	71.7	62.72	60.21	51.99
Days Outstanding Inventory (Average Inventory)	82.81	70.32	45.24	56.84	56.29
Average Days Payable Outstanding	50.1	33.16	33.21	61.24	76.64
Cash Conversion Cycle (Average Days)	107.75	108.85	74.75	55.8	31.64
Long Term Solvency
Total Debt/Equity	61.09	88.92	128.85	55.04	47.56
Total Debt / Total Capital	37.92	47.07	56.3	35.5	32.23
LT Debt/Equity	45.05	70.9	97	38.93	29.42
Long-Term Debt / Total Capital	27.97	37.53	42.39	25.11	19.94
Total Liabilities / Total Assets	46.68	52.85	65.35	55.33	54.2
EBIT / Interest Expense	-26.74	-7.49	-7.04	-8.27	-2.25
EBITDA / Interest Expense	-21.29	-3.92	-3.61	-5.91	-0.02
(EBITDA - Capex) / Interest Expense	-30.72	-4.27	-5.01	-9.88	-0.54
Total Debt / EBITDA	-1.55	-5.69	-6.49	-1.88	-310
Net Debt / EBITDA	-0.09	-0.82	-3.02	-0.23	-125.22
Total Debt / (EBITDA - Capex)	-1.08	-5.22	-4.68	-1.12	-12.62
Net Debt / (EBITDA - Capex)	-0.06	-0.75	-2.17	-0.14	-5.1
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-44.23	-27.98	22.44	37.23	40.19
Gross Profit, 1 Yr. Growth %	-55.89	9.25	8.15	12.38	93.16
EBITDA, 1 Yr. Growth %	-700.73	-56.09	-2.47	116.8	-77.12
EBITA, 1 Yr. Growth %	-2.97K	-51.42	-3.45	104.78	-65.48
EBIT, 1 Yr. Growth %	-2.97K	-51.42	-3.45	104.78	-65.48
Earnings From Cont. Operations, 1 Yr. Growth %	392.14	-61.47	10.86	135.08	-73.11
Net Income, 1 Yr. Growth %	392.14	-61.47	10.86	135.08	-73.11
Normalized Net Income, 1 Yr. Growth %	-7.36K	-46.8	-2.72	101	-55.54
Diluted EPS Before Extra, 1 Yr. Growth %	334.8	-61.76	20.3	100	-80.68
Accounts Receivable, 1 Yr. Growth %	-45.83	-3.63	18.27	43.11	5.08
Inventory, 1 Yr. Growth %	-39.94	-54.04	60.43	94.95	-8.86
Net Property, Plant and Equip., 1 Yr. Growth %	168.61	-3.89	22.96	25.42	-12.88
Total Assets, 1 Yr. Growth %	-12.68	-9.11	1.31	49.82	-12.89
Tangible Book Value, 1 Yr. Growth %	-34.62	-19.62	-25.55	93.18	-10.69
Common Equity, 1 Yr. Growth %	-34.62	-19.62	-25.55	93.18	-10.69
Cash From Operations, 1 Yr. Growth %	222.31	-138.78	-13.85	-754.29	-120.2
Capital Expenditures, 1 Yr. Growth %	535.26	-91.82	309.38	393.51	-83.6
Levered Free Cash Flow, 1 Yr. Growth %	-985.24	-164.21	-114.17	6.11K	-73.56
Unlevered Free Cash Flow, 1 Yr. Growth %	-581.48	-198.78	-84.32	-3.99K	-81.08
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-25.57	-36.62	-6.09	29.62	38.7
Gross Profit, 2 Yr. CAGR %	-28.03	-30.58	8.7	10.25	47.34
EBITDA, 2 Yr. CAGR %	119.7	65.78	-34.56	45.41	-29.58
EBITA, 2 Yr. CAGR %	85.05	273.07	-31.52	40.62	-15.92
EBIT, 2 Yr. CAGR %	85.05	273.07	-31.52	40.62	-15.92
Earnings From Cont. Operations, 2 Yr. CAGR %	77.45	37.7	-34.64	61.44	-20.5
Net Income, 2 Yr. CAGR %	77.45	37.7	-34.64	61.44	-20.5
Normalized Net Income, 2 Yr. CAGR %	74.44	521.69	-28.06	39.83	-5.47
Diluted EPS Before Extra, 2 Yr. CAGR %	70.25	28.94	-32.18	55.12	-37.14
Accounts Receivable, 2 Yr. CAGR %	-38.46	-27.75	6.76	30.1	22.63
Inventory, 2 Yr. CAGR %	-16.61	-47.46	-14.13	76.85	33.3
Net Property, Plant and Equip., 2 Yr. CAGR %	62.45	60.67	8.71	24.18	4.53
Total Assets, 2 Yr. CAGR %	-15.01	-10.91	-4.04	23.2	14.24
Tangible Book Value, 2 Yr. CAGR %	-21.67	-27.51	-22.64	19.92	31.35
Common Equity, 2 Yr. CAGR %	-21.67	-27.51	-22.64	19.92	31.35
Cash From Operations, 2 Yr. CAGR %	28.69	11.8	-42.2	137.42	14.95
Capital Expenditures, 2 Yr. CAGR %	112.24	-35.95	-42.12	349.48	-10.05
Levered Free Cash Flow, 2 Yr. CAGR %	18.4	108.08	-69.84	196.65	305.28
Unlevered Free Cash Flow, 2 Yr. CAGR %	3.84	87.11	-60.64	146.89	171.19
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-14.07	-26.38	-21.07	6.56	33.05
Gross Profit, 3 Yr. CAGR %	-16.07	-17.29	-19.53	9.91	32.91
EBITDA, 3 Yr. CAGR %	50.08	30.22	38.91	-2.44	-21.5
EBITA, 3 Yr. CAGR %	81.33	18.49	137.75	-1.34	-11.95
EBIT, 3 Yr. CAGR %	81.33	18.49	137.75	-1.34	-11.95
Earnings From Cont. Operations, 3 Yr. CAGR %	64.75	6.66	28.1	0.14	-11.18
Net Income, 3 Yr. CAGR %	64.75	6.66	28.1	0.14	-11.18
Normalized Net Income, 3 Yr. CAGR %	112.23	17.42	235.01	1.32	-4.56
Diluted EPS Before Extra, 3 Yr. CAGR %	52.19	3.49	25.99	-2.74	-21.95
Accounts Receivable, 3 Yr. CAGR %	-25.08	-28.53	-14.85	17.71	21.16
Inventory, 3 Yr. CAGR %	-16.4	-31.63	-23.78	12.86	41.79
Net Property, Plant and Equip., 3 Yr. CAGR %	38.06	36.37	46.97	14.01	10.34
Total Assets, 3 Yr. CAGR %	-13.08	-13.08	-7.01	11.32	9.76
Tangible Book Value, 3 Yr. CAGR %	-17.41	-20.99	-26.86	4.95	8.7
Common Equity, 3 Yr. CAGR %	-17.41	-20.99	-26.86	4.95	8.7
Cash From Operations, 3 Yr. CAGR %	-29.97	-13.72	2.5	29.79	4.42
Capital Expenditures, 3 Yr. CAGR %	54.06	-33.74	18.87	18.25	49.07
Levered Free Cash Flow, 3 Yr. CAGR %	-34.29	-11.82	-15.03	78.12	32.52
Unlevered Free Cash Flow, 3 Yr. CAGR %	-35.53	-7.79	-18.11	81.93	4.87
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-1.37	-7.74	-10.96	-7.69	-1.1
Gross Profit, 5 Yr. CAGR %	-7.77	-6.11	-6.92	-7.21	2.5
EBITDA, 5 Yr. CAGR %	10.74	148.41	8.57	36.1	5.86
EBITA, 5 Yr. CAGR %	16.8	38.36	22.83	26.89	56.87
EBIT, 5 Yr. CAGR %	16.8	38.36	22.83	26.89	56.87
Earnings From Cont. Operations, 5 Yr. CAGR %	25.24	34.5	13.82	25.89	5.85
Net Income, 5 Yr. CAGR %	25.24	34.5	13.82	25.89	5.85
Normalized Net Income, 5 Yr. CAGR %	18.3	34.21	37.68	25.92	101.96
Diluted EPS Before Extra, 5 Yr. CAGR %	-67.94	19.49	10.15	21.67	-4.6
Accounts Receivable, 5 Yr. CAGR %	2.75	-6.29	-13.68	-9.18	-1.47
Inventory, 5 Yr. CAGR %	6.31	-17.86	-15.5	-0.01	-4.68
Net Property, Plant and Equip., 5 Yr. CAGR %	24.97	28.79	25.47	31.36	28.24
Total Assets, 5 Yr. CAGR %	18.63	9.59	-9.57	-0.07	0.97
Tangible Book Value, 5 Yr. CAGR %	44.05	49.92	-19.55	-6.64	-7.56
Common Equity, 5 Yr. CAGR %	44.05	49.92	-19.55	-6.64	-7.56
Cash From Operations, 5 Yr. CAGR %	6.07	-29.01	-35.14	29.35	7.31
Capital Expenditures, 5 Yr. CAGR %	31.71	-11.81	-0.67	42.51	6.33
Levered Free Cash Flow, 5 Yr. CAGR %	-8.51	-29.51	-54.43	43.26	58.73
Unlevered Free Cash Flow, 5 Yr. CAGR %	-9.95	-24.8	-50.22	36.73	32.2