Balance Sheet Dekpol S.A.

Stocks

DEK

PLDEKPL00032

Construction & Engineering

Market Closed - Warsaw S.E. Other stock markets 11:55:40 2026-06-11 am EDT			5-day change	1st Jan Change
67.80 ^PLN	0.00%		+3.67%	-21.53%

May. 27	Dekpol S.A. Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
May. 10	Dekpol S.A. announces Annual dividend, payable on June 19, 2026	CI

5a8c221603ef610d2d13f8370e1087b3.3-ySsWk5Baw-zMalBkV0O9grNvluXG_tpmbN-I5RxwM.i5XLhg5oUN8PuKnNUiFZWIhOYL1ZGC235D-6iLkgiE26s97WDWx2z23-hw

Published financial data: DEKPOL S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	1.26B	1.39B	1.57B	1.4B	1.88B
Total Revenues	1.26B	1.39B	1.57B	1.4B	1.88B
Cost of Goods Sold, Total	1.09B	1.18B	1.35B	1.16B	1.55B
Gross Profit	165M	204M	223M	245M	329M
Selling General & Admin Expenses, Total	65.22M	84.23M	98.04M	116M	162M
Provision for Bad Debts	1.62M	-	13K	-	-
Other Operating Expenses	5.5M	7.85M	9.48M	9.84M	5.69M
Other Operating Expenses, Total	72.34M	92.08M	108M	126M	168M
Operating Income	93.15M	112M	115M	119M	161M
Interest Expense, Total	-17.69M	-25.73M	-22.75M	-23.02M	-30.98M
Interest And Investment Income	2.34M	809K	5.11M	9.48M	7.36M
Net Interest Expenses	-15.35M	-24.92M	-17.64M	-13.54M	-23.62M
Income (Loss) On Equity Invest.	-	-	-	-667K	-150K
Currency Exchange Gains (Loss)	-3.43M	2.99M	-4.47M	-4.03M	-1.83M
Other Non Operating Income (Expenses)	-4.57M	-230K	23.12M	19.83M	3.54M
EBT, Excl. Unusual Items	69.8M	89.62M	116M	121M	139M
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Assets	182K	684K	118K	1.18M	1.55M
Asset Writedown	-408K	510K	593K	286K	14K
Legal Settlements	-161K	-	-230K	-41K	-718K
Other Unusual Items	20.23M	7.08M	-	-	-
EBT, Incl. Unusual Items	89.64M	97.89M	117M	122M	140M
Income Tax Expense	13.91M	18.98M	26.53M	25.89M	35.59M
Earnings From Continuing Operations	75.73M	78.91M	90.37M	96.5M	104M
Net Income to Company	75.73M	78.91M	90.37M	96.5M	104M
Minority Interest	72K	-118K	-1.03M	-296K	51K
Net Income - (IS)	75.8M	78.79M	89.33M	96.21M	104M
Net Income to Common Incl Extra Items	75.8M	78.79M	89.33M	96.21M	104M
Net Income to Common Excl. Extra Items	75.8M	78.79M	89.33M	96.21M	104M
Per Share Items
Net EPS - Basic	9.06	9.42	10.68	11.5	12.49
Basic EPS - Continuing Operations	9.06	9.42	10.68	11.5	12.49
Basic Weighted Average Shares Outstanding	8.36M	8.36M	8.36M	8.36M	8.36M
Net EPS - Diluted	9.06	9.42	10.68	11.5	12.49
Diluted EPS - Continuing Operations	9.06	9.42	10.68	11.5	12.49
Diluted Weighted Average Shares Outstanding	8.36M	8.36M	8.36M	8.36M	8.36M
Normalized Basic EPS	5.22	6.68	8.58	9	10.4
Normalized Diluted EPS	5.22	6.68	8.58	9	10.4
Dividend Per Share	-	-	2.39	3.45	-
Payout Ratio	-	-	-	21.61	27.63
Supplemental Items
EBITDA	102M	127M	132M	132M	172M
EBITA	93.42M	112M	116M	120M	162M
EBIT	93.15M	112M	115M	119M	161M
Effective Tax Rate - (Ratio)	15.52	19.39	22.7	21.15	25.43
Total Current Taxes	11.01M	34.97M	36.87M	22.55M	50.29M
Total Deferred Taxes	2.91M	-15.99M	-10.34M	3.34M	-14.7M
Normalized Net Income	43.69M	55.89M	71.73M	75.31M	87.01M
Interest on Long-Term Debt	211K	678K	1.52M	-	-
Non-Cash Pension Expense	-	-	-	98K	-
Supplemental Operating Expense Items
Selling and Marketing Expenses	33.91M	45.27M	51.1M	57.7M	89.58M
General and Administrative Expenses	31.31M	38.96M	46.94M	58.16M	72.92M
Research And Development Expense From Footnotes	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	191M	229M	293M	328M	465M
Total Cash And Short Term Investments	191M	229M	293M	328M	465M
Accounts Receivable, Total	621M	460M	538M	243M	330M
Other Receivables	-	409K	1.25M	63.16M	53.21M
Total Receivables	621M	460M	539M	307M	383M
Inventory	263M	396M	394M	667M	674M
Prepaid Expenses	-	-	-	21.27M	28.26M
Other Current Assets, Total	2.65M	18.15M	23.13M	32.42M	28.22M
Total Current Assets	1.08B	1.1B	1.25B	1.36B	1.58B
Gross Property Plant And Equipment	155M	-	209M	228M	156M
Accumulated Depreciation	-32.96M	-	-61.76M	-72.63M	-
Net Property Plant And Equipment	122M	149M	147M	156M	156M
Long-term Investments	40K	40K	5.75M	13.1M	17.34M
Goodwill	0	-	0	0	8K
Other Intangibles, Total	5.75M	6.74M	7.12M	6.55M	10.22M
Loans Receivable Long-Term	4.22M	-	-	-	1.57M
Deferred Tax Assets Long-Term	31.76M	24.06M	35.18M	36.45M	46.8M
Deferred Charges Long-Term	0	-	0	0	0
Other Long-Term Assets, Total	116M	103M	98.68M	111M	128M
Total Assets	1.36B	1.39B	1.54B	1.68B	1.94B
Liabilities
Accounts Payable, Total	328M	426M	253M	160M	258M
Accrued Expenses, Total	32.31M	368K	20.43M	25.61M	50.33M
Current Portion of Long-Term Debt	114M	123M	114M	111M	96.77M
Current Portion of Leases	4.54M	6.56M	7.23M	9.48M	10.17M
Current Income Taxes Payable	3.94M	20.3M	23.77M	2.02M	8.71M
Unearned Revenue Current, Total	109M	-	72.49M	101M	746K
Other Current Liabilities	95.73M	64.06M	181M	157M	338M
Total Current Liabilities	688M	641M	672M	567M	763M
Long-Term Debt	200M	185M	203M	338M	328M
Long-Term Leases	5.82M	11.81M	23.84M	54.14M	49.71M
Pension & Other Post Retirement Benefits	337K	334K	422K	509K	837K
Deferred Tax Liability Non Current	45.98M	28.63M	31.85M	34.15M	30.06M
Other Non Current Liabilities	29.81M	43.56M	33.51M	45.7M	52.26M
Total Liabilities	970M	910M	965M	1.04B	1.22B
Common Stock, Total	8.36M	8.36M	8.36M	8.36M	8.36M
Additional Paid In Capital	26.31M	26.31M	26.31M	26.31M	26.31M
Retained Earnings	336M	416M	506M	581M	656M
Comprehensive Income and Other	-2.31M	7.57M	17.39M	7.28M	7.27M
Total Common Equity	369M	458M	558M	623M	698M
Minority Interest	18.68M	18.92M	19.96M	16.55M	16.5M
Total Equity	387M	477M	578M	639M	715M
Total Liabilities And Equity	1.36B	1.39B	1.54B	1.68B	1.94B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	8.36M	8.36M	8.36M	8.36M	8.36M
ECS Total Common Shares Outstanding	8.36M	8.36M	8.36M	8.36M	8.36M
Book Value / Share	44.08	54.77	66.71	74.46	83.5
Tangible Book Value	363M	451M	551M	616M	688M
Tangible Book Value Per Share	43.39	53.97	65.86	73.68	82.28
Total Debt	324M	327M	348M	512M	485M
Net Debt	134M	97.28M	55.46M	184M	19.77M
Minority Interest, Total (Incl. Fin. Div)	18.68M	18.92M	19.96M	16.55M	16.5M
Equity Method Investments, Total	40K	40K	5.75M	13.1M	17.34M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	23.37M	40.2M	27.6M	24.38M	28.38M
Inventories - Work In Process, Total	197M	280M	218M	374M	473M
Inventories - Finished Goods, Total	43.08M	76.44M	148M	268M	173M
Land - (BS)	12.15M	-	22.34M	22.66M	22.35M
Buildings, Total	54.36M	-	64.19M	66.94M	58.52M
Machinery, Total	75.13M	-	107M	121M	63.33M
Full Time Employees	837	884	891	843	1.15K
Part Time Employees	2	12	13	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	14.63M	8.88M	16.51M	25.96M	27.51M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	75.8M	78.79M	89.33M	96.21M	104M
Depreciation & Amortization - CF	11.72M	17.63M	22.47M	15.49M	16.37M
Amortization of Goodwill and Intangible Assets - (CF)	269K	330K	397K	906K	962K
Depreciation & Amortization, Total	11.99M	17.96M	22.87M	16.4M	17.33M
Amortization of Deferred Charges, Total - (CF)	-	-	-3K	-	-
(Gain) Loss From Sale Of Asset	-1.86M	-419K	-622K	130K	-1.19M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	408K	-510K	-863K	-285K	-52K
Other Operating Activities, Total	36.47M	27.81M	19.79M	-10.28M	35.08M
Change In Accounts Receivable	-317M	168M	-79.59M	205M	-104M
Change In Inventories	25.97M	-133M	-15.23M	-248M	16.53M
Change in Other Net Operating Assets	224M	-55.26M	61.39M	-81.54M	209M
Cash from Operations	55.82M	103M	97.08M	-22.98M	276M
Capital Expenditure	-2.97M	-6.63M	-6.81M	-9.64M	-4.78M
Sale of Property, Plant, and Equipment	1.08M	2.4M	1.36M	3.31M	4.59M
Cash Acquisitions	-9.71M	-16.21M	-	-8.02M	-
Divestitures	-	-	2K	-	-
Sale (Purchase) of Real Estate properties	-	-12.51M	-	-	-82K
Sale (Purchase) of Intangible assets	-1.17M	-1.47M	-887K	-331K	-4.25M
Investment in Marketable and Equity Securities, Total	-	-	-5.73M	-	-16.1M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-1.46M	-	3.96M	-	-1.57M
Other Investing Activities, Total	-1.49M	30K	1.98M	2.33M	-8.8M
Cash from Investing	-15.72M	-34.38M	-6.13M	-12.35M	-31M
Long-Term Debt Issued, Total	139M	81.27M	189M	325M	218M
Total Debt Issued	139M	81.27M	189M	325M	218M
Long-Term Debt Repaid, Total	-148M	-81.44M	-182M	-191M	-257M
Total Debt Repaid	-148M	-81.44M	-182M	-191M	-257M
Issuance of Common Stock	16.75M	-	-	-	-
Common Dividends Paid	-	-	-	-20.79M	-28.85M
Common & Preferred Stock Dividends Paid	-	-	-	-20.79M	-28.85M
Other Financing Activities, Total	-15.2M	-28.73M	-34.54M	-42.84M	-40.84M
Cash from Financing	-6.97M	-28.9M	-27.73M	70.84M	-109M
Foreign Exchange Rate Adjustments	-	-669K	146K	-	4K
Miscellaneous Cash Flow Adjustments	-	-	-	-1K	-
Net Change in Cash	33.13M	38.83M	63.36M	35.51M	137M
Supplemental Items
Cash Interest Paid	15.2M	27.33M	34.56M	38.83M	41.54M
Cash Income Tax Paid (Refund)	7.4M	15.66M	33.2M	54.6M	28.24M
Levered Free Cash Flow	-83.95M	16.85M	35.76M	-109M	201M
Unlevered Free Cash Flow	-72.89M	32.93M	49.97M	-94.86M	220M
Change In Net Working Capital	139M	46.8M	37.32M	176M	-111M
Net Debt Issued / Repaid	-8.52M	-166K	6.81M	134M	-38.84M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	5.04	5.09	4.89	4.63	5.59
Return on Total Capital	9.23	9.22	8.3	7.18	8.61
Return On Equity %	22.25	18.26	17.13	15.86	15.42
Return on Common Equity	22.97	19.06	17.59	16.3	15.81
Margin Analysis
Gross Profit Margin %	13.18	14.7	14.21	17.46	17.55
SG&A Margin	5.19	6.07	6.25	8.25	8.66
EBITDA Margin %	8.15	9.18	8.39	9.4	9.19
EBITA Margin %	7.44	8.08	7.38	8.57	8.64
EBIT Margin %	7.42	8.06	7.36	8.5	8.59
Income From Continuing Operations Margin %	6.03	5.69	5.76	6.87	5.56
Net Income Margin %	6.04	5.68	5.69	6.85	5.57
Net Avail. For Common Margin %	6.04	5.68	5.69	6.85	5.57
Normalized Net Income Margin	3.48	4.03	4.57	5.36	4.64
Levered Free Cash Flow Margin	-6.68	1.22	2.28	-7.78	10.71
Unlevered Free Cash Flow Margin	-5.8	2.37	3.19	-6.76	11.75
Asset Turnover
Asset Turnover	1.09	1.01	1.06	0.87	1.04
Fixed Assets Turnover	12.35	10.25	10.6	9.27	12.03
Receivables Turnover (Average Receivables)	2.91	2.56	3.1	4.3	6.55
Inventory Turnover (Average Inventory)	4.43	3.59	3.39	2.18	2.33
Short Term Liquidity
Current Ratio	1.57	1.72	1.86	2.39	2.07
Quick Ratio	1.18	1.08	1.24	1.12	1.11
Operating Cash Flow to Current Liabilities	0.08	0.16	0.14	-0.04	0.36
Days Sales Outstanding (Average Receivables)	125.22	142.62	117.79	85.16	55.73
Days Outstanding Inventory (Average Inventory)	82.35	101.77	107.58	167.51	156.81
Average Days Payable Outstanding	81.7	104.55	62.35	52.83	48.78
Cash Conversion Cycle (Average Days)	125.87	139.84	163.03	199.85	163.76
Long Term Solvency
Total Debt/Equity	83.78	68.5	60.27	80.1	67.83
Total Debt / Total Capital	45.59	40.65	37.61	44.47	40.41
LT Debt/Equity	53.23	41.25	39.3	61.31	52.87
Long-Term Debt / Total Capital	28.96	24.48	24.52	34.04	31.5
Total Liabilities / Total Assets	71.46	65.61	62.54	61.91	63.12
EBIT / Interest Expense	5.27	4.34	5.07	5.19	5.2
EBITDA / Interest Expense	5.94	5.04	6.08	5.9	5.76
(EBITDA - Capex) / Interest Expense	5.78	4.79	5.78	5.48	5.61
Total Debt / EBITDA	3.09	2.52	2.52	3.77	2.72
Net Debt / EBITDA	1.27	0.75	0.4	1.35	0.11
Total Debt / (EBITDA - Capex)	3.18	2.65	2.65	4.06	2.79
Net Debt / (EBITDA - Capex)	1.31	0.79	0.42	1.46	0.11
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	19.03	10.44	13.12	-10.51	33.65
Gross Profit, 1 Yr. Growth %	20.44	23.19	9.35	9.94	34.4
EBITDA, 1 Yr. Growth %	16.98	21.08	3.38	5.7	30.69
EBITA, 1 Yr. Growth %	16.54	19.93	3.28	3.88	34.81
EBIT, 1 Yr. Growth %	16.73	20.01	3.23	3.45	35.03
Earnings From Cont. Operations, 1 Yr. Growth %	43.5	4.2	14.52	6.79	8.17
Net Income, 1 Yr. Growth %	43.64	3.95	13.38	7.7	8.55
Normalized Net Income, 1 Yr. Growth %	6.2	27.92	28.33	4.99	15.53
Diluted EPS Before Extra, 1 Yr. Growth %	43.64	3.95	13.38	7.7	8.55
Accounts Receivable, 1 Yr. Growth %	158.26	-26.26	13.28	-40.65	35.46
Inventory, 1 Yr. Growth %	15.04	50.65	-1.5	69.46	2.85
Net Property, Plant and Equip., 1 Yr. Growth %	49.17	21.87	-0.81	5.56	0.54
Total Assets, 1 Yr. Growth %	42.33	2.18	9.46	8.77	16.33
Tangible Book Value, 1 Yr. Growth %	24.58	24.34	22.05	11.87	11.67
Common Equity, 1 Yr. Growth %	26.46	24.27	21.8	11.62	12.14
Cash From Operations, 1 Yr. Growth %	-55.96	84.13	-5.55	-123.67	-1.3K
Capital Expenditures, 1 Yr. Growth %	-51.67	123.21	2.82	41.5	-50.43
Levered Free Cash Flow, 1 Yr. Growth %	-182.26	-120.78	161.9	-475.53	-306.37
Unlevered Free Cash Flow, 1 Yr. Growth %	-166.57	-147.01	68.07	-319.04	-365.46
Dividend Per Share, 1 Yr. Growth %	-	-	-	44.35	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	27.53	14.65	11.77	0.62	9.37
Gross Profit, 2 Yr. CAGR %	40.93	21.81	16.06	9.64	21.55
EBITDA, 2 Yr. CAGR %	34.28	20.65	11.88	1.8	17.53
EBITA, 2 Yr. CAGR %	41.38	18.26	11.3	3.58	18.34
EBIT, 2 Yr. CAGR %	41.52	18.35	11.3	3.34	18.19
Earnings From Cont. Operations, 2 Yr. CAGR %	22.11	22.28	9.24	10.59	7.48
Net Income, 2 Yr. CAGR %	22.17	22.19	8.56	10.5	8.12
Normalized Net Income, 2 Yr. CAGR %	35.14	16.56	28.12	16.08	10.14
Diluted EPS Before Extra, 2 Yr. CAGR %	22.2	22.19	8.56	10.5	8.12
Accounts Receivable, 2 Yr. CAGR %	97.58	38.29	-7.15	-28.4	-10.33
Inventory, 2 Yr. CAGR %	-15.62	31.65	22.31	29.19	30.84
Net Property, Plant and Equip., 2 Yr. CAGR %	24.04	34.91	9.95	2.32	3.02
Total Assets, 2 Yr. CAGR %	19.21	20.6	6.62	9.12	12.09
Tangible Book Value, 2 Yr. CAGR %	22.48	24.48	23.19	16.85	11.77
Common Equity, 2 Yr. CAGR %	23.33	25.36	23.03	16.6	11.88
Cash From Operations, 2 Yr. CAGR %	-17.91	-9.95	31.88	-52.72	68.69
Capital Expenditures, 2 Yr. CAGR %	-37.93	3.86	51.49	20.62	-16.24
Levered Free Cash Flow, 2 Yr. CAGR %	47.97	-59.36	-33.6	182.88	162.87
Unlevered Free Cash Flow, 2 Yr. CAGR %	30.78	-45.16	-15.54	78.62	125.59
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	14.48	21.56	14.14	3.79	10.6
Gross Profit, 3 Yr. CAGR %	20.95	34.75	17.51	13.98	17.34
EBITDA, 3 Yr. CAGR %	35.73	30.92	14.59	7.86	10.64
EBITA, 3 Yr. CAGR %	40.81	33.86	13.04	8.77	13.09
EBIT, 3 Yr. CAGR %	41.24	33.95	13.08	8.62	12.98
Earnings From Cont. Operations, 3 Yr. CAGR %	30.68	15.82	19.64	8.42	9.77
Net Income, 3 Yr. CAGR %	30.72	15.76	19.18	8.27	9.85
Normalized Net Income, 3 Yr. CAGR %	39.01	32.69	20.35	19.9	15.9
Diluted EPS Before Extra, 3 Yr. CAGR %	30.72	15.78	19.18	8.27	9.85
Accounts Receivable, 3 Yr. CAGR %	38.34	42.46	30.77	-26.93	-11.45
Inventory, 3 Yr. CAGR %	-8.23	2.36	19.83	36.35	19.03
Net Property, Plant and Equip., 3 Yr. CAGR %	15.06	23.36	21.76	8.46	1.73
Total Assets, 3 Yr. CAGR %	14.64	13.24	17.4	7.33	11.21
Tangible Book Value, 3 Yr. CAGR %	23.8	23.11	23.66	19.29	15.09
Common Equity, 3 Yr. CAGR %	24.39	23.64	24.16	19.1	15.09
Cash From Operations, 3 Yr. CAGR %	-6.17	7.46	-8.51	-25.61	39.04
Capital Expenditures, 3 Yr. CAGR %	-12.94	-4.91	3.52	48.09	-10.32
Levered Free Cash Flow, 3 Yr. CAGR %	-6.48	-23.97	-29.5	10.44	145.1
Unlevered Free Cash Flow, 3 Yr. CAGR %	-9.52	-8.23	-23.01	10.63	94.98
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	37.16	19.09	13.39	12.7	12.21
Gross Profit, 5 Yr. CAGR %	30.2	18.58	18.97	24.08	19.11
EBITDA, 5 Yr. CAGR %	35.16	19.39	26.32	18.39	14.54
EBITA, 5 Yr. CAGR %	37.65	19	28.18	20.81	15.13
EBIT, 5 Yr. CAGR %	37.7	19.12	28.4	20.75	15.1
Earnings From Cont. Operations, 5 Yr. CAGR %	27.02	19.06	21.64	13.7	14.62
Net Income, 5 Yr. CAGR %	27.04	19.03	21.36	13.63	14.63
Normalized Net Income, 5 Yr. CAGR %	39.18	16.99	34.55	25.78	16.16
Diluted EPS Before Extra, 5 Yr. CAGR %	27.04	19.05	21.36	13.64	14.63
Accounts Receivable, 5 Yr. CAGR %	52.5	45.39	18.05	8.87	6.51
Inventory, 5 Yr. CAGR %	4.34	10.35	2.94	12.53	24.12
Net Property, Plant and Equip., 5 Yr. CAGR %	27.64	22.73	13.02	14.47	13.89
Total Assets, 5 Yr. CAGR %	23.79	18.94	11.36	11.93	15.25
Tangible Book Value, 5 Yr. CAGR %	21.19	21.95	23.56	20.56	18.76
Common Equity, 5 Yr. CAGR %	21.55	22.29	23.84	20.78	19.09
Cash From Operations, 5 Yr. CAGR %	10.96	23.95	7.51	-22.62	16.86
Capital Expenditures, 5 Yr. CAGR %	-32.12	-19.84	8.66	4.58	-4.89
Levered Free Cash Flow, 5 Yr. CAGR %	92.65	-5.29	-19.01	23.3	14.52
Unlevered Free Cash Flow, 5 Yr. CAGR %	61.53	4.99	-12.67	17.36	15.01