Cash flow Gascogne

Stocks

ALBI

FR0000124414

Forest & Wood Products

Real-time Euronext Paris 04:20:58 2026-08-21 am EDT			5-day change	1st Jan Change
2.100 ^EUR	-3.67%		0.00%	-10.26%

Apr. 29	Gascogne SA Reports Earnings Results for the Full Year Ended December 31, 2025	CI
25-10-03	Gascogne SA Reports Earnings Results for the Half Year Ended June 30, 2025	CI

08ceed8177097.bDwjt858GRZr7cWpDwEI2hw_gD-bVqwaHoUP6tR_cng.GkpGzv0xd3Mbt_3CV09jlF1251vNIN5fUMpDsq0LOgsUc0jDnwl8VV21gA

Published financial data: GASCOGNE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	399M	460M	411M	391M	400M
Total Revenues	399M	460M	411M	391M	400M
Cost of Goods Sold, Total	195M	222M	210M	192M	204M
Gross Profit	204M	239M	201M	199M	196M
Selling General & Admin Expenses, Total	171M	182M	164M	173M	177M
Depreciation & Amortization - (IS)	16.06M	-	-	21.62M	22.72M
Amortization of Goodwill and Intangible Assets - (IS)	-	18.27M	19.44M	-	-
Other Operating Expenses	1.24M	4.25M	412K	-64K	186K
Other Operating Expenses, Total	188M	205M	184M	194M	200M
Operating Income	15.76M	33.79M	17.58M	4.91M	-4.09M
Interest Expense, Total	-3.46M	-3.39M	-4.96M	-4.68M	-3.62M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-3.46M	-3.39M	-4.96M	-4.68M	-3.62M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	927K	704K	-141K	363K	-936K
Other Non Operating Income (Expenses)	-279K	-388K	-637K	-484K	-452K
EBT, Excl. Unusual Items	12.96M	30.71M	11.85M	108K	-9.1M
Restructuring Charges	-580K	-525K	-195K	-480K	-900K
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	2.75M	25K	383K	16K	127K
Asset Writedown	-	-4M	-1.2M	-100K	-
Legal Settlements	-	-808K	-139K	-154K	-536K
Other Unusual Items	-1.3M	-	-	-	-
EBT, Incl. Unusual Items	13.83M	25.4M	10.7M	-610K	-10.41M
Income Tax Expense	959K	2.88M	1.02M	15K	-82K
Earnings From Continuing Operations	12.87M	22.52M	9.67M	-625K	-10.33M
Net Income to Company	12.87M	22.52M	9.67M	-625K	-10.33M
Minority Interest	-	-	-	-	-
Net Income - (IS)	12.87M	22.52M	9.67M	-625K	-10.33M
Net Income to Common Incl Extra Items	12.87M	22.52M	9.67M	-625K	-10.33M
Net Income to Common Excl. Extra Items	12.87M	22.52M	9.67M	-625K	-10.33M
Per Share Items
Net EPS - Basic	0.53	0.93	0.4	-0.02	-0.27
Basic EPS - Continuing Operations	0.53	0.93	0.4	-0.02	-0.27
Basic Weighted Average Shares Outstanding	24.28M	24.28M	24.28M	37.64M	37.64M
Net EPS - Diluted	0.44	0.77	0.33	-0.02	-0.27
Diluted EPS - Continuing Operations	0.44	0.77	0.33	-0.02	-0.27
Diluted Weighted Average Shares Outstanding	29.4M	29.4M	29.4M	37.64M	37.64M
Normalized Basic EPS	0.33	0.79	0.3	0	-0.15
Normalized Diluted EPS	0.28	0.65	0.25	0	-0.15
Supplemental Items
EBITDA	23.75M	47.5M	28.56M	17.85M	7.09M
EBITA	15.79M	33.79M	17.59M	4.91M	-4.09M
EBIT	15.76M	33.79M	17.58M	4.91M	-4.09M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	6.93	11.35	9.57	-2.46	0.79
Total Current Taxes	787K	2.07M	744K	538K	731K
Total Deferred Taxes	172K	815K	279K	-523K	-813K
Normalized Net Income	8.1M	19.19M	7.4M	67.5K	-5.69M
Interest Capitalized	-	-	-	7.04M	9.45M
Non-Cash Pension Expense	-859K	-449K	-341K	-271K	-389K
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	1.45M	1.5M	-	1K	-
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	29.71M	32.72M	46.95M	105M	37.11M
Trading Asset Securities, Total	-	-	9K	-	-
Total Cash And Short Term Investments	29.71M	32.72M	46.96M	105M	37.11M
Accounts Receivable, Total	67.44M	70.63M	57.03M	60.25M	58.94M
Other Receivables	16.42M	21.25M	22.74M	19.53M	23.46M
Notes Receivable	132K	128K	129K	130K	58K
Total Receivables	84M	92M	79.9M	79.91M	82.46M
Inventory	98.97M	128M	115M	128M	138M
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	935K	1.38M	3.3M	4.59M	3.91M
Total Current Assets	214M	254M	245M	317M	261M
Gross Property Plant And Equipment	668M	710M	785M	847M	922M
Accumulated Depreciation	-498M	-515M	-525M	-540M	-554M
Net Property Plant And Equipment	170M	196M	260M	307M	368M
Long-term Investments	60K	59K	60K	59K	65K
Goodwill	1.41M	1.39M	1.36M	1.39M	1.36M
Other Intangibles, Total	9.46M	10.14M	10.83M	10.95M	11.01M
Loans Receivable Long-Term	1.46M	1.51M	1.42M	1.41M	1.47M
Deferred Tax Assets Long-Term	1.73M	10K	202K	181K	183K
Other Long-Term Assets, Total	3.74M	4.18M	12.61M	9.58M	8.23M
Total Assets	401M	467M	532M	648M	651M
Liabilities
Accounts Payable, Total	59.86M	70.32M	51.79M	68.26M	64.95M
Accrued Expenses, Total	1.05M	1.05M	1.05M	1.05M	1.05M
Short-term Borrowings	36.21M	44.02M	36.45M	36.03M	36.5M
Current Portion of Long-Term Debt	54.05M	12.83M	13.42M	13.63M	20.3M
Current Portion of Leases	2.24M	3.41M	2.72M	2.98M	3.4M
Current Income Taxes Payable	203K	439K	327K	40K	69K
Unearned Revenue Current, Total	68K	104K	106K	106K	102K
Other Current Liabilities	31.31M	51.66M	60.73M	54.98M	73M
Total Current Liabilities	185M	184M	167M	177M	199M
Long-Term Debt	29.31M	73.53M	130M	216M	206M
Long-Term Leases	5.64M	4.6M	6.23M	5.85M	8.2M
Unearned Revenue Non Current	3.84M	3.93M	17.52M	17.46M	17.32M
Pension & Other Post Retirement Benefits	17.69M	12.35M	14.5M	13.87M	12.56M
Deferred Tax Liability Non Current	279K	870K	917K	638K	318K
Other Non Current Liabilities	1.71M	2.59M	2.69M	2.88M	3.05M
Total Liabilities	243M	282M	339M	433M	446M
Common Stock, Total	60.8M	60.8M	60.8M	94.21M	94.21M
Additional Paid In Capital	-	-	-	330K	330K
Retained Earnings	12.87M	22.52M	9.67M	-625K	-10.33M
Treasury Stock	-2.98M	-2.98M	-2.98M	-2.98M	-2.98M
Comprehensive Income and Other	87.29M	104M	126M	123M	124M
Total Common Equity	158M	185M	193M	214M	205M
Minority Interest	-	-	-	-	-
Total Equity	158M	185M	193M	214M	205M
Total Liabilities And Equity	401M	467M	532M	648M	651M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	24.28M	24.28M	29.4M	37.64M	37.64M
ECS Total Common Shares Outstanding	24.28M	24.28M	29.4M	37.64M	37.64M
Book Value / Share	6.51	7.61	6.57	5.7	5.45
Tangible Book Value	147M	173M	181M	202M	193M
Tangible Book Value Per Share	6.06	7.14	6.16	5.37	5.12
Total Debt	127M	138M	189M	274M	274M
Net Debt	97.75M	106M	142M	169M	237M
Debt Equivalent of Unfunded Proj. Benefit Obligation	17.69M	12.35M	14.5M	13.87M	12.56M
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	59.97M	81.07M	63.16M	64.9M	68.36M
Inventories - Work In Process, Total	47.18M	54.64M	2.51M	74.12M	83.13M
Inventories - Finished Goods, Total	287K	299K	60.36M	291K	389K
Land - (BS)	18.21M	18.57M	18.94M	19.28M	19.95M
Buildings, Total	96.49M	102M	104M	108M	111M
Machinery, Total	525M	541M	545M	560M	567M
Full Time Employees	1.38K	1.35K	1.38K	1.36K	1.43K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	1.87M	2.33M	1.57M	1.34M	889K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	12.87M	22.52M	9.67M	-625K	-10.33M
Depreciation & Amortization - CF	16.04M	21.92M	19.94M	23.49M	21.39M
Amortization of Goodwill and Intangible Assets - (CF)	28K	7K	7K	1K	-
Depreciation & Amortization, Total	16.07M	21.92M	19.95M	23.5M	21.39M
Amortization of Deferred Charges, Total - (CF)	311K	888K	864K	1.32M	1.33M
(Gain) Loss From Sale Of Asset	264K	-25K	-383K	-16K	-127K
Asset Writedown & Restructuring Costs	-1.26M	-102K	-	-693K	-40K
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Other Operating Activities, Total	-622K	3.47M	-1.69M	-1.67M	-182K
Change In Accounts Receivable	-13.24M	-3.71M	14.28M	-2.88M	1.64M
Change In Inventories	6.82M	-29.16M	12.3M	-12.84M	-10.5M
Change In Accounts Payable	8.21M	10.58M	-18.38M	16.34M	-3.16M
Change In Income Taxes	-606K	-	-	-	-
Change in Other Net Operating Assets	5.78M	11.9M	-2.92M	-548K	-4.5M
Cash from Operations	34.59M	38.27M	33.69M	21.88M	-4.48M
Capital Expenditure	-25.23M	-46.44M	-81.71M	-64.64M	-58.39M
Sale of Property, Plant, and Equipment	345K	537K	1.82M	450K	801K
Investment in Marketable and Equity Securities, Total	-248K	-575K	-144K	-788K	1.49M
Other Investing Activities, Total	116K	296K	2.75M	6.99M	622K
Cash from Investing	-25.02M	-46.18M	-77.29M	-57.98M	-55.48M
Long-Term Debt Issued, Total	13.03M	69.31M	74.26M	101M	11.95M
Total Debt Issued	13.03M	69.31M	74.26M	101M	11.95M
Long-Term Debt Repaid, Total	-31.16M	-58.33M	-26.95M	-19.85M	-20.03M
Total Debt Repaid	-31.16M	-58.33M	-26.95M	-19.85M	-20.03M
Issuance of Common Stock	-	-	-	20.94M	-
Other Financing Activities, Total	-	-	10M	-7.91M	-459K
Cash from Financing	-18.12M	10.97M	57.31M	94.38M	-8.54M
Foreign Exchange Rate Adjustments	-	-	-33K	38K	-77K
Miscellaneous Cash Flow Adjustments	121K	-1K	-	-	-
Net Change in Cash	-8.43M	3.06M	13.68M	58.31M	-68.57M
Supplemental Items
Cash Interest Paid	3.46M	3.46M	4.96M	4.68M	3.62M
Cash Income Tax Paid (Refund)	140K	750K	2.18M	-760K	714K
Levered Free Cash Flow	4.87M	-10.67M	-39.8M	-43.17M	-37.97M
Unlevered Free Cash Flow	7.03M	-8.54M	-36.7M	-40.24M	-35.71M
Change In Net Working Capital	-6.02M	6.03M	-13.21M	3.48M	-2.52M
Net Debt Issued / Repaid	-18.12M	10.97M	47.31M	81.35M	-8.08M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.47	4.87	2.2	0.52	-0.39
Return on Total Capital	3.43	6.94	3.11	0.7	-0.53
Return On Equity %	8.54	13.14	5.12	-0.31	-4.92
Return on Common Equity	8.54	13.14	5.12	-0.31	-4.92
Margin Analysis
Gross Profit Margin %	51.06	51.84	48.91	50.96	48.92
SG&A Margin	42.77	39.61	39.8	44.19	44.22
EBITDA Margin %	5.95	10.32	6.95	4.56	1.77
EBITA Margin %	3.96	7.34	4.28	1.25	-1.02
EBIT Margin %	3.95	7.34	4.27	1.25	-1.02
Income From Continuing Operations Margin %	3.23	4.89	2.35	-0.16	-2.58
Net Income Margin %	3.23	4.89	2.35	-0.16	-2.58
Net Avail. For Common Margin %	3.23	4.89	2.35	-0.16	-2.58
Normalized Net Income Margin	2.03	4.17	1.8	0.02	-1.42
Levered Free Cash Flow Margin	1.22	-2.32	-9.68	-11.03	-9.49
Unlevered Free Cash Flow Margin	1.76	-1.86	-8.92	-10.29	-8.93
Asset Turnover
Asset Turnover	1	1.06	0.82	0.66	0.62
Fixed Assets Turnover	2.4	2.52	1.8	1.38	1.19
Receivables Turnover (Average Receivables)	6.57	6.67	6.44	6.67	6.71
Inventory Turnover (Average Inventory)	1.9	1.96	1.73	1.58	1.54
Short Term Liquidity
Current Ratio	1.15	1.38	1.47	1.79	1.31
Quick Ratio	0.61	0.68	0.76	1.04	0.6
Operating Cash Flow to Current Liabilities	0.19	0.21	0.2	0.12	-0.02
Days Sales Outstanding (Average Receivables)	55.54	54.75	56.65	54.86	54.38
Days Outstanding Inventory (Average Inventory)	191.74	186.61	210.74	231.41	237.24
Average Days Payable Outstanding	108.17	94.93	112.84	107.45	113.25
Cash Conversion Cycle (Average Days)	139.11	146.43	154.55	178.82	178.37
Long Term Solvency
Total Debt/Equity	80.68	74.87	97.9	127.87	133.54
Total Debt / Total Capital	44.65	42.82	49.47	56.12	57.18
LT Debt/Equity	22.12	42.27	70.68	103.32	104.19
Long-Term Debt / Total Capital	12.24	24.17	35.72	45.34	44.61
Total Liabilities / Total Assets	60.65	60.38	63.68	66.91	68.51
EBIT / Interest Expense	4.56	9.96	3.55	1.05	-1.13
EBITDA / Interest Expense	9.21	16.42	7.57	6.07	4.78
(EBITDA - Capex) / Interest Expense	1.91	2.73	-8.92	-7.74	-11.36
Total Debt / EBITDA	4	2.48	5.04	9.65	15.84
Net Debt / EBITDA	3.07	1.9	3.79	5.95	13.69
Total Debt / (EBITDA - Capex)	19.3	14.93	-4.28	-7.57	-6.67
Net Debt / (EBITDA - Capex)	14.8	11.4	-3.22	-4.66	-5.76
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	11.15	15.39	-10.64	-4.87	2.25
Gross Profit, 1 Yr. Growth %	7.71	17.15	-15.71	-0.89	-1.83
EBITDA, 1 Yr. Growth %	-1.33	97.16	-32.95	-34.05	-58.91
EBITA, 1 Yr. Growth %	-2.93	109.75	-39.13	-69.48	-195.01
EBIT, 1 Yr. Growth %	-3.09	110.07	-39.14	-69.48	-195.03
Earnings From Cont. Operations, 1 Yr. Growth %	55.91	74.96	-57.05	-106.46	1.55K
Net Income, 1 Yr. Growth %	55.91	74.96	-57.05	-106.46	1.55K
Normalized Net Income, 1 Yr. Growth %	13.15	131.35	-54.1	-98.96	1.75K
Diluted EPS Before Extra, 1 Yr. Growth %	57.14	75	-57.14	-106.06	1.27K
Accounts Receivable, 1 Yr. Growth %	25.03	4.72	-19.25	5.66	-2.18
Inventory, 1 Yr. Growth %	-6.72	28.96	-9.89	10.96	8.11
Net Property, Plant and Equip., 1 Yr. Growth %	4.47	15.01	33.18	17.9	19.78
Total Assets, 1 Yr. Growth %	1.39	16.21	14.04	21.76	0.57
Tangible Book Value, 1 Yr. Growth %	9.27	17.8	4.46	11.62	-4.6
Common Equity, 1 Yr. Growth %	10.1	16.99	4.54	10.96	-4.32
Cash From Operations, 1 Yr. Growth %	44.82	10.63	-11.96	-35.07	-120.5
Capital Expenditures, 1 Yr. Growth %	60.87	84.07	75.95	-20.89	-9.67
Levered Free Cash Flow, 1 Yr. Growth %	-46.54	-322.25	189.66	5.96	-12.8
Unlevered Free Cash Flow, 1 Yr. Growth %	-39.17	-217.88	216.95	6.91	-12.08
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	1.15	13.25	1.54	-7.8	-1.38
Gross Profit, 2 Yr. CAGR %	2.17	12.33	-0.63	-8.6	-1.36
EBITDA, 2 Yr. CAGR %	5.03	40.47	8.88	-35.27	-48.83
EBITA, 2 Yr. CAGR %	4.77	44.12	4.48	-58.78	-49.55
EBIT, 2 Yr. CAGR %	4.98	44.11	4.55	-58.78	-49.54
Earnings From Cont. Operations, 2 Yr. CAGR %	14.94	65.16	-13.31	-83.34	3.33
Net Income, 2 Yr. CAGR %	14.94	65.16	-13.31	-83.34	3.33
Normalized Net Income, 2 Yr. CAGR %	11.9	63.77	-5.53	-93.53	-6.22
Diluted EPS Before Extra, 2 Yr. CAGR %	15.47	65.83	-13.4	-83.88	-8.83
Accounts Receivable, 2 Yr. CAGR %	9.11	14.42	-8.05	-7.64	1.66
Inventory, 2 Yr. CAGR %	-2.3	9.68	7.8	-0.01	9.53
Net Property, Plant and Equip., 2 Yr. CAGR %	3.23	9.61	23.76	25.31	18.84
Total Assets, 2 Yr. CAGR %	4.04	8.55	15.12	17.84	10.66
Tangible Book Value, 2 Yr. CAGR %	7.33	13.45	10.93	7.98	3.19
Common Equity, 2 Yr. CAGR %	8.3	13.49	10.59	7.7	3.04
Cash From Operations, 2 Yr. CAGR %	26.31	26.58	-1.31	-24.39	-63.52
Capital Expenditures, 2 Yr. CAGR %	-9.07	72.08	79.96	17.98	-15.47
Levered Free Cash Flow, 2 Yr. CAGR %	-30.37	8.26	187.99	77.25	-3.46
Unlevered Free Cash Flow, 2 Yr. CAGR %	-4.96	-13.99	125.02	86.42	-2.6
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-0.26	5.69	4.65	-0.64	-4.57
Gross Profit, 3 Yr. CAGR %	0.41	6.94	2.08	-0.71	-6.39
EBITDA, 3 Yr. CAGR %	-6.4	30.18	5.87	-9.51	-45
EBITA, 3 Yr. CAGR %	2.46	32.93	2.63	-32.71	-47.87
EBIT, 3 Yr. CAGR %	2.56	33.17	2.62	-32.67	-47.86
Earnings From Cont. Operations, 3 Yr. CAGR %	11	32.22	5.42	-63.52	-22.89
Net Income, 3 Yr. CAGR %	11	32.22	5.42	-63.52	-22.89
Normalized Net Income, 3 Yr. CAGR %	4.43	43.71	1.14	-79.89	-29.36
Diluted EPS Before Extra, 3 Yr. CAGR %	7.93	32.64	5.63	-64.31	-29.11
Accounts Receivable, 3 Yr. CAGR %	0.33	7.63	1.87	-3.69	-5.85
Inventory, 3 Yr. CAGR %	0.36	7.17	2.72	8.84	2.63
Net Property, Plant and Equip., 3 Yr. CAGR %	7.07	7.01	16.96	21.78	23.44
Total Assets, 3 Yr. CAGR %	4.58	7.95	10.35	17.29	11.77
Tangible Book Value, 3 Yr. CAGR %	6.31	10.71	10.37	11.16	3.61
Common Equity, 3 Yr. CAGR %	7.82	11.12	10.43	10.71	3.54
Cash From Operations, 3 Yr. CAGR %	62.84	20.85	12.15	-14.16	-51.07
Capital Expenditures, 3 Yr. CAGR %	1.72	15.03	73.36	36.83	7.93
Levered Free Cash Flow, 3 Yr. CAGR %	-41.13	2.05	63.53	107.97	40.33
Unlevered Free Cash Flow, 3 Yr. CAGR %	-31.54	3.18	47.02	77.07	45.55
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-0.39	2.52	0.46	0.07	2.2
Gross Profit, 5 Yr. CAGR %	0.04	3.45	-0.01	0.43	0.69
EBITDA, 5 Yr. CAGR %	2.82	11.39	-0.28	-3.68	-21.69
EBITA, 5 Yr. CAGR %	6.66	15.71	3.67	-19.35	-24.11
EBIT, 5 Yr. CAGR %	6.69	15.77	3.76	-19.26	-24.11
Earnings From Cont. Operations, 5 Yr. CAGR %	11.77	22.32	0.55	-42.26	4.58
Net Income, 5 Yr. CAGR %	11.75	22.26	0.55	-42.26	4.58
Normalized Net Income, 5 Yr. CAGR %	8.62	18.05	0.81	-59.85	-4.49
Diluted EPS Before Extra, 5 Yr. CAGR %	8.7	18.47	-1.17	-42.92	-0.41
Accounts Receivable, 5 Yr. CAGR %	0.43	1.3	-3.11	1.24	1.79
Inventory, 5 Yr. CAGR %	1.24	7.74	3.27	4.24	5.39
Net Property, Plant and Equip., 5 Yr. CAGR %	6.02	7.72	13.46	13.99	17.71
Total Assets, 5 Yr. CAGR %	4.55	6.26	8.67	11.8	10.47
Tangible Book Value, 5 Yr. CAGR %	8.54	10.36	8.14	9.61	7.44
Common Equity, 5 Yr. CAGR %	9.5	11.32	8.92	9.74	7.41
Cash From Operations, 5 Yr. CAGR %	13.02	10.15	33.28	0.18	-28.44
Capital Expenditures, 5 Yr. CAGR %	4.91	20.44	27.79	16.2	30.07
Levered Free Cash Flow, 5 Yr. CAGR %	97.91	-0.02	10.78	33.88	33.07
Unlevered Free Cash Flow, 5 Yr. CAGR %	42.05	-6.8	10.88	38.92	25.32