1923 INVESTMENTS p.l.c. financials
1923 INVESTMENTS p.l.c.
Country: MT Reporting currency: EUR Latest annual report: 2023-12-31
LEI:
635400UYJECFHV9WKA18 Financial statements
(EUR, as reported — unscaled; 100 line items across 2 annual periods)
| Line item | 2023 | 2022 |
|---|---|---|
| Income statement | ||
| Revenue | €281.8M | €197.5M |
| Cost of sales | €250.9M | €175.1M |
| Gross profit | €30.9M | €22.4M |
| Administrative expenses | €21.2M | €13.8M |
| Operating profit (EBIT) | €9.7M | €8.6M |
| Finance costs | €5.7M | €4.6M |
| Profit before tax | €7.3M | €4.3M |
| Income tax expense | €3.3M | €1.4M |
| Profit for the year | €5.1M | €7.2M |
| — attributable to owners | €4.9M | €6.7M |
| — attributable to NCI | €218.2K | €497.0K |
| Total comprehensive income | €8.6M | €7.9M |
| Cash flow statement | ||
| Net cash from operating activities | €13.5M | €2.0M |
| Income taxes paid | €2.7M | €3.8M |
| Net cash from investing activities | -€25.1M | -€1.7M |
| Purchase of PP&E (capex) | €6.5M | €2.4M |
| Purchase of intangibles | €1.7M | €757.9K |
| Net cash from financing activities | €10.0M | -€4.4M |
| Dividends paid | €42.2K | €1.2M |
| Proceeds from borrowings | €21.4M | €1.8M |
| Repayments of borrowings | €5.0M | €1.5M |
| Balance sheet | ||
| Total assets | €199.2M | €163.6M |
| Non-current assets | €119.2M | €114.8M |
| Property, plant & equipment | €5.7M | €13.7M |
| Right-of-use assets | €13.7M | €11.0M |
| Intangible assets & goodwill | €66.3M | €63.3M |
| Current assets | €80.1M | €48.9M |
| Inventories | €23.6M | €19.1M |
| Trade & other receivables | €13.8M | €14.0M |
| Cash & equivalents | €11.2M | €10.3M |
| Total equity | €68.6M | €59.5M |
| — attributable to owners | €63.4M | €54.5M |
| Non-controlling interests | €5.2M | €5.0M |
| Non-current liabilities | €33.0M | €56.2M |
| Lease liabilities (non-current) | €9.9M | €7.9M |
| Current liabilities | €97.7M | €47.9M |
| Lease liabilities (current) | €3.7M | €3.7M |
| Trade & other payables | €44.6M | €32.8M |
| Deferred tax liabilities | €1.5M | €1.2M |
| Derived metrics | ||
| Free cash flow | €7.1M | -€421.8K |
| Operating margin | 3.4% | 4.3% |
| Net margin | 1.8% | 3.7% |
| Return on equity | 7.4% | 12.2% |
| Cash conversion ratio | 2.66× | 0.28× |
| Capex coverage | 2.10× | 0.83× |
| Other reported items | ||
| Adjustments To Reconcile Profit Loss Other Than Changes In Working Capital | €16.0M | €9.0M |
| Amounts Removed From Equity and Adjusted Against Fair Value of Financial Assets On Reclassification Out of Fair Value Through Other Comprehensive Income Measurement Category Net of Tax | -€207.4K | — |
| Cash Advances and Loans From Related Parties | €27.3M | €3.0M |
| Cash Flows From Used In Financing Activities Continuing Operations | €10.5M | -€4.1M |
| Cash Flows From Used In Financing Activities Discontinued Operations | -€507.4K | -€240.4K |
| Cash Flows From Used In Investing Activities Continuing Operations | -€25.0M | €594.0K |
| Cash Flows From Used In Investing Activities Discontinued Operations | -€129.1K | -€2.3M |
| Cash Flows From Used In Operating Activities Continuing Operations | €11.9M | -€3.4M |
| Cash Flows From Used In Operating Activities Discontinued Operations | €1.6M | €5.4M |
| Cash Repayments of Advances and Loans From Related Parties | — | €3.5M |
| Comprehensive Income Attributable To Noncontrolling Interests | €218.2K | €497.0K |
| Comprehensive Income Attributable To Owners of Parent | €8.4M | €7.4M |
| Current Bonds Issued and Current Portion of Noncurrent Bonds Issued | €35.9M | — |
| Current Borrowings and Current Portion of Noncurrent Borrowings | €11.6M | €7.0M |
| Current Contract Assets | €1.1M | €483.5K |
| Current Contract Liabilities | €1.8M | €3.7M |
| Current Loans and Receivables | €22.5M | €5.3K |
| Current Tax Assets | €1.7M | €2.4M |
| Current Tax Liabilities | €4.9K | €763.5K |
| Deferred Tax Assets | €1.1M | €1.9M |
| Dividends Received From Associates Classified As Investing Activities | — | €686.0K |
| Dividends Received From Joint Ventures Classified As Investing Activities | €134.8K | — |
| Equity and Liabilities | €199.2M | €163.6M |
| Finance Income | €341.7K | — |
| Gains Losses Recognised When Control In Subsidiary Is Lost | €2.2M | — |
| Income Taxes Paid Refund Classified As Operating Activities | €1.3M | €448.1K |
| Increase Decrease In Cash and Cash Equivalents | -€1.5M | -€4.1M |
| Increase Decrease In Working Capital | -€6.1M | -€10.4M |
| Increase Decrease Through Transfers and Other Changes Equity | €522.6K | — |
| Intangible Assets Other Than Goodwill | €21.2M | €12.1M |
| Interest Paid Classified As Operating Activities | €3.9M | €2.9M |
| Investment Income | €901.8K | €36.9K |
| Investments In Associates Accounted For Using Equity Method | — | €830.7K |
| Investments In Joint Ventures Accounted For Using Equity Method | €1.2M | €1.4M |
| Issued Capital | €52.1M | €52.1M |
| Liabilities | €130.6M | €104.1M |
| Noncurrent Investments Other Than Investments Accounted For Using Equity Method | €1.1M | €1.1M |
| Noncurrent Loans and Receivables | €8.7M | €9.4M |
| Noncurrent Payables | €2.6M | €730.3K |
| Noncurrent Portion of Noncurrent Bonds Issued | — | €35.8M |
| Noncurrent Portion of Noncurrent Secured Bank Loans Received | €19.0M | €6.3M |
| Other Comprehensive Income | €3.7M | €666.3K |
| Other Comprehensive Income Net of Tax Exchange Differences On Translation | €3.7M | €666.3K |
| Other Current Assets | €6.1M | €2.7M |
| Other Current Financial Liabilities | €32.4K | — |
| Other Equity Interest | -€2.9M | -€4.7M |
| Other Noncurrent Financial Liabilities | — | €4.1M |
| Other Operating Income Expense | €72.4K | -€113.7K |
| Proceeds From Sales of Property Plant and Equipment Classified As Investing Activities | €541.4K | €113.5K |
| Profit Loss From Continuing Operations | €3.9M | €2.9M |
| Profit Loss From Discontinued Operations | €1.2M | €4.3M |
| Purchase of Investments Other Than Investments Accounted For Using Equity Method | €200.0K | — |
| Reserve of Exchange Differences On Translation | €1.2M | -€3.4M |
| Retained Earnings | €12.9M | €10.5M |
| Share of Profit Loss of Joint Ventures Accounted For Using Equity Method | -€54.1K | €328.0K |
Methodology
Every line item above is a fact tagged in 1923 INVESTMENTS p.l.c.'s annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (EUR), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.