Balance Sheet Melexis N.V.

Equities

MELE

BE0165385973

Semiconductors

Market Closed - Euronext Bruxelles Other stock markets 11:55:00 2026-02-09 am EST			After hours 03:59:26 pm
55.70 ^EUR	+4.60%		55.72	+0.04%

Feb. 04	Melexis NV Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2025	CI
Feb. 04	Melexis NV, Q4 2025 Earnings Call, Feb 04, 2026

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Published financial data: MELEXIS N.V.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	508M	644M	836M	964M	933M
Other Revenues, Total	-	-	-	-	-
Total Revenues	508M	644M	836M	964M	933M
Cost of Goods Sold, Total	310M	370M	461M	524M	531M
Gross Profit	198M	274M	375M	440M	401M
Selling General & Admin Expenses, Total	44.76M	46.76M	57.94M	72.24M	71.21M
R&D Expenses	77.69M	78.39M	90.21M	107M	110M
Other Operating Expenses, Total	122M	125M	148M	179M	181M
Operating Income	75.53M	148M	227M	261M	220M
Interest Expense, Total	-850K	-530K	-506K	-5.99M	-11.22M
Interest And Investment Income	56.3K	5.33K	50.12K	892K	357K
Net Interest Expenses	-794K	-525K	-456K	-5.09M	-10.86M
Currency Exchange Gains (Loss)	1.31M	-3.62M	-2.36M	-2.01M	-3.5M
Other Non Operating Income (Expenses)	-133K	10M	14.66M	-987K	-208K
EBT, Excl. Unusual Items	75.91M	154M	238M	253M	205M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-	-
EBT, Incl. Unusual Items	75.91M	154M	238M	253M	205M
Income Tax Expense	6.61M	23.19M	41.23M	43.7M	33.87M
Earnings From Continuing Operations	69.3M	131M	197M	209M	171M
Net Income to Company	69.3M	131M	197M	209M	171M
Net Income - (IS)	69.3M	131M	197M	209M	171M
Net Income to Common Incl Extra Items	69.3M	131M	197M	209M	171M
Net Income to Common Excl. Extra Items	69.3M	131M	197M	209M	171M
Per Share Items
Net EPS - Basic	1.72	3.25	4.88	5.18	4.24
Basic EPS - Continuing Operations	1.72	3.25	4.88	5.18	4.24
Basic Weighted Average Shares Outstanding	40.4M	40.4M	40.4M	40.4M	40.4M
Net EPS - Diluted	1.72	3.25	4.88	5.18	4.24
Diluted EPS - Continuing Operations	1.72	3.25	4.88	5.18	4.24
Diluted Weighted Average Shares Outstanding	40.4M	40.4M	40.4M	40.4M	40.4M
Normalized Basic EPS	1.17	2.39	3.69	3.92	3.18
Normalized Diluted EPS	1.17	2.39	3.69	3.92	3.18
Dividend Per Share	2.2	2.6	3.5	3.7	3.7
Payout Ratio	75.14	67.79	53.28	67.51	87.19
American Depositary Receipts Ratio (ADR)	0.1	0.1	0.1	0.1	0.1
Supplemental Items
EBITDA	120M	191M	270M	305M	266M
EBITA	77.61M	150M	228M	263M	220M
EBIT	75.53M	148M	227M	261M	220M
EBITDAR	121M	192M	271M	305M	267M
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	8.71	15.03	17.29	17.26	16.5
Current Domestic Taxes	7.58M	20.14M	40.57M	51.73M	34.31M
Total Current Taxes	7.58M	20.14M	40.57M	51.73M	34.31M
Deferred Domestic Taxes	-971K	3.06M	654K	-8.03M	-435K
Total Deferred Taxes	-971K	3.06M	654K	-8.03M	-435K
Normalized Net Income	47.45M	96.44M	149M	158M	128M
Interest on Long-Term Debt	30.4K	47.11K	96.57K	115K	91.76K
Non-Cash Pension Expense	-	-	-	-	40.74K
Supplemental Operating Expense Items
Selling and Marketing Expenses	13.83M	14.71M	17.05M	21.64M	19.84M
General and Administrative Expenses	30.22M	31.39M	40.1M	49.94M	50.33M
Research And Development Expense From Footnotes	78.61M	79.17M	91.3M	107M	111M
Net Rental Expense, Total	709K	667K	790K	660K	1.03M
Imputed Operating Lease Interest Expense	72.72K	80.44K	721K	329K	452K
Imputed Operating Lease Depreciation	636K	587K	68.87K	332K	581K

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	58.88M	34.95M	85.08M	39.35M	32.68M
Total Cash And Short Term Investments	58.88M	34.95M	85.08M	39.35M	32.68M
Accounts Receivable, Total	65.47M	85.41M	109M	120M	102M
Other Receivables	12.13M	13.69M	16M	31.33M	70.35M
Total Receivables	77.6M	99.1M	125M	152M	173M
Inventory	123M	144M	180M	254M	263M
Prepaid Expenses	3.2M	2.97M	5.67M	4.83M	4.5M
Other Current Assets, Total	245K	10.36M	12.5M	-1	-
Total Current Assets	263M	292M	408M	450M	473M
Gross Property Plant And Equipment	433M	457M	479M	563M	604M
Accumulated Depreciation	-301M	-320M	-340M	-364M	-384M
Net Property Plant And Equipment	133M	137M	139M	199M	220M
Long-term Investments	-	-	-	-	-
Other Intangibles, Total	4.65M	4.33M	3.05M	2.08M	1.18M
Loans Receivable Long-Term	4.2M	-	2.32M	-	-
Deferred Tax Assets Long-Term	28.49M	25.23M	27.83M	33.33M	36.99M
Other Long-Term Assets, Total	2.94K	3.14M	45.73K	181M	164M
Total Assets	433M	461M	580M	866M	894M
Liabilities
Accounts Payable, Total	34.09M	42.45M	54.91M	80.03M	63.2M
Accrued Expenses, Total	14.11M	21.04M	24.73M	29.66M	24.24M
Current Portion of Long-Term Debt	-	-	-	-	5.8M
Current Portion of Leases	1.63M	1.72M	1.71M	1.53M	2.14M
Current Income Taxes Payable	473K	790K	1.28M	2.64M	3.22M
Unearned Revenue Current, Total	2.8M	2.44M	3.95M	2.93M	2.08M
Other Current Liabilities	1.21M	775K	1.5M	7.25M	3.54M
Total Current Liabilities	54.31M	69.21M	88.08M	124M	104M
Long-Term Debt	62M	-	-	185M	208M
Long-Term Leases	2.12M	2.91M	2.54M	1.99M	6.71M
Deferred Tax Liability Non Current	207K	3.82K	3.26M	710K	3.74M
Other Non Current Liabilities	-1	-	4.27M	3.63M	4.57M
Total Liabilities	119M	72.12M	98.15M	315M	327M
Common Stock, Total	565K	565K	565K	565K	565K
Retained Earnings	324M	393M	485M	553M	575M
Treasury Stock	-3.82M	-	-	-	-4.41M
Comprehensive Income and Other	-6.11M	-4.69M	-3.78M	-2.86M	-3.32M
Total Common Equity	315M	389M	482M	551M	568M
Minority Interest	410	410	410	410	410
Total Equity	315M	389M	482M	551M	568M
Total Liabilities And Equity	433M	461M	580M	866M	894M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	40.05M	40.4M	40.4M	40.4M	40.4M
ECS Total Common Shares Outstanding	40.05M	40.4M	40.4M	40.4M	40.4M
Book Value / Share	7.86	9.63	11.93	13.64	14.05
Tangible Book Value	310M	385M	479M	549M	566M
Tangible Book Value Per Share	7.74	9.52	11.86	13.59	14.02
Total Debt	65.75M	4.63M	4.25M	188M	222M
Net Debt	6.87M	-30.32M	-80.83M	149M	189M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	-	887K
Debt Equivalent Oper. Leases	5.67M	5.34M	6.32M	5.28M	8.26M
Minority Interest, Total (Incl. Fin. Div)	410	410	410	410	410
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	15.83M	14.95M	22.98M	44.62M	36.39M
Inventories - Work In Process, Total	102M	118M	140M	183M	188M
Inventories - Finished Goods, Total	11.99M	17.61M	23.61M	35.18M	45.35M
Land - (BS)	57.41M	72.3M	73.87M	77.8M	133M
Machinery, Total	349M	365M	386M	423M	447M
Full Time Employees	1.4K	1.54K	1.77K	1.94K	2K
Part Time Employees	94	89	97	103	-
Accumulated Allowance for Doubtful Accounts (Supple)	214K	68.15K	61.38K	57.94K	55.78K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	69.3M	131M	197M	209M	171M
Depreciation & Amortization - CF	44.68M	42.97M	43.34M	43.65M	47.63M
Amortization of Goodwill and Intangible Assets - (CF)	2.08M	1.82M	1.83M	1.52M	112K
Depreciation & Amortization, Total	46.76M	44.79M	45.17M	45.17M	47.74M
Other Operating Activities, Total	-6.94M	-227K	-9.69M	-9.72M	-11.8M
Change In Accounts Receivable	-6.97M	-15.1M	-27.32M	-11.43M	17.96M
Change In Inventories	-210K	-26.7M	-40.38M	-75.62M	-15.34M
Change In Accounts Payable	2.24M	4.29M	6.06M	50.53M	-16.83M
Change in Other Net Operating Assets	-8.41M	4.07M	16.85M	-205M	-14.99M
Cash from Operations	95.76M	142M	188M	3.01M	178M
Capital Expenditure	-24.84M	-39.09M	-39.88M	-94.23M	-52.99M
Cash Acquisitions	-	-	-	-9.41M	-
Sale (Purchase) of Intangible assets	-	-	-	-559K	-114K
Investment in Marketable and Equity Securities, Total	-167K	245K	12.54M	11.63M	-
Other Investing Activities, Total	56.3K	5.33K	50.12K	892K	357K
Cash from Investing	-24.95M	-38.84M	-27.29M	-91.68M	-52.75M
Long-Term Debt Issued, Total	93.56K	-	-	185M	28.66M
Total Debt Issued	93.56K	-	-	185M	28.66M
Long-Term Debt Repaid, Total	-934K	-64.79M	-1.84M	-737K	-2.07M
Total Debt Repaid	-934K	-64.79M	-1.84M	-737K	-2.07M
Issuance of Common Stock	-	30.63M	-	-	-
Repurchase of Common Stock	-	-	-	-	-4.41M
Common Dividends Paid	-52.07M	-88.88M	-105M	-141M	-149M
Common & Preferred Stock Dividends Paid	-52.07M	-88.88M	-105M	-141M	-149M
Other Financing Activities, Total	2.27M	-4.32M	-3.52M	833K	-4.96M
Cash from Financing	-50.64M	-127M	-110M	43.35M	-132M
Foreign Exchange Rate Adjustments	-64.84K	27.85K	-16.17K	-418K	148K
Miscellaneous Cash Flow Adjustments	-	1	-1	-	-
Net Change in Cash	20.11M	-23.93M	50.13M	-45.73M	-6.67M
Supplemental Items
Cash Interest Paid	482K	112K	112K	5.34M	10.75M
Cash Income Tax Paid (Refund)	7.33M	16.5M	36.49M	52.76M	48.91M
Levered Free Cash Flow	62.97M	60.57M	99.68M	58M	69.62M
Unlevered Free Cash Flow	63.5M	60.9M	100M	61.74M	76.63M
Change In Net Working Capital	5.63M	37.59M	46.87M	51.92M	55.43M
Net Debt Issued / Repaid	-840K	-64.79M	-1.84M	184M	26.6M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	11.08	20.74	27.19	22.58	15.61
Return on Total Capital	12.65	23.97	32.18	26.65	17.98
Return On Equity %	22.58	37.26	45.26	40.55	30.65
Return on Common Equity	22.58	37.26	45.26	40.55	30.65
Margin Analysis
Gross Profit Margin %	39.01	42.5	44.81	45.65	43.03
SG&A Margin	8.82	7.26	6.93	7.49	7.63
EBITDA Margin %	23.72	29.74	32.27	31.59	28.47
EBITA Margin %	15.29	23.34	27.31	27.25	23.58
EBIT Margin %	14.88	23.06	27.09	27.09	23.57
Income From Continuing Operations Margin %	13.65	20.37	23.58	21.72	18.38
Net Income Margin %	13.65	20.37	23.58	21.72	18.38
Net Avail. For Common Margin %	13.65	20.37	23.58	21.72	18.38
Normalized Net Income Margin	9.35	14.98	17.82	16.41	13.76
Levered Free Cash Flow Margin	12.41	9.41	11.92	6.01	7.46
Unlevered Free Cash Flow Margin	12.51	9.46	11.96	6.4	8.22
Asset Turnover
Asset Turnover	1.19	1.44	1.61	1.33	1.06
Fixed Assets Turnover	3.61	4.78	6.06	5.7	4.45
Receivables Turnover (Average Receivables)	8.19	8.53	8.61	8.42	8.39
Inventory Turnover (Average Inventory)	2.46	2.76	2.85	2.42	2.06
Short Term Liquidity
Current Ratio	4.85	4.22	4.63	3.63	4.54
Quick Ratio	2.51	1.94	2.38	1.54	1.97
Operating Cash Flow to Current Liabilities	1.76	2.06	2.13	0.02	1.71
Days Sales Outstanding (Average Receivables)	44.68	42.77	42.4	43.35	43.64
Days Outstanding Inventory (Average Inventory)	148.97	132.1	128.19	151.13	178.08
Average Days Payable Outstanding	39.64	35.71	35.78	41.13	48.55
Cash Conversion Cycle (Average Days)	154	139.16	134.8	153.35	173.17
Long Term Solvency
Total Debt/Equity	20.89	1.19	0.88	34.15	39.15
Total Debt / Total Capital	17.28	1.18	0.87	25.46	28.14
LT Debt/Equity	20.37	0.75	0.53	33.87	37.75
Long-Term Debt / Total Capital	16.85	0.74	0.52	25.25	27.13
Total Liabilities / Total Assets	27.37	15.64	16.92	36.37	36.54
EBIT / Interest Expense	88.82	279.95	447.35	43.65	19.6
EBITDA / Interest Expense	143.81	364.41	536.54	51.19	23.85
(EBITDA - Capex) / Interest Expense	114.6	290.7	457.78	35.45	19.13
Total Debt / EBITDA	0.54	0.02	0.02	0.61	0.83
Net Debt / EBITDA	0.06	-0.16	-0.3	0.49	0.71
Total Debt / (EBITDA - Capex)	0.67	0.03	0.02	0.89	1.04
Net Debt / (EBITDA - Capex)	0.07	-0.2	-0.35	0.7	0.88
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4.24	26.85	29.88	15.32	-3.27
Gross Profit, 1 Yr. Growth %	0.89	38.19	36.94	17.49	-8.83
EBITDA, 1 Yr. Growth %	2.54	59.56	40.96	12.87	-12.82
EBITA, 1 Yr. Growth %	9.89	98.95	51.96	15.07	-15.97
EBIT, 1 Yr. Growth %	6.95	96.53	52.6	15.33	-15.83
Earnings From Cont. Operations, 1 Yr. Growth %	15.01	89.19	50.37	6.24	-18.15
Net Income, 1 Yr. Growth %	15.01	89.19	50.37	6.24	-18.15
Normalized Net Income, 1 Yr. Growth %	9.62	103.26	54.49	6.2	-18.9
Diluted EPS Before Extra, 1 Yr. Growth %	15.12	89.19	50.37	6.15	-18.15
Accounts Receivable, 1 Yr. Growth %	12.02	30.45	27.43	10.45	-14.94
Inventory, 1 Yr. Growth %	-3.93	17.04	24.33	41.58	3.33
Net Property, Plant and Equip., 1 Yr. Growth %	-10.6	2.96	1.93	43.18	10.3
Total Assets, 1 Yr. Growth %	3.54	6.41	25.81	49.26	3.25
Tangible Book Value, 1 Yr. Growth %	5.54	24.05	24.51	14.6	3.16
Common Equity, 1 Yr. Growth %	5.25	23.6	23.91	14.31	2.98
Cash From Operations, 1 Yr. Growth %	1.44	48.53	32.06	-98.4	5.82K
Capital Expenditures, 1 Yr. Growth %	-6.75	57.39	2.04	136.26	-43.76
Levered Free Cash Flow, 1 Yr. Growth %	7.54	-3.23	64.58	-41.82	20.04
Unlevered Free Cash Flow, 1 Yr. Growth %	7.39	-3.52	64.2	-38.26	24.12
Dividend Per Share, 1 Yr. Growth %	69.23	18.18	34.62	5.71	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-5.59	14.99	28.36	22.39	5.62
Gross Profit, 2 Yr. CAGR %	-12.93	18.08	37.57	26.85	3.5
EBITDA, 2 Yr. CAGR %	-17.68	27.71	49.97	26.13	-0.8
EBITA, 2 Yr. CAGR %	-25.14	45.87	73.88	32.24	-1.85
EBIT, 2 Yr. CAGR %	-26.15	44.98	73.18	32.66	-1.48
Earnings From Cont. Operations, 2 Yr. CAGR %	-22.52	47.51	68.67	26.4	-6.75
Net Income, 2 Yr. CAGR %	-22.52	47.51	68.67	26.4	-6.75
Normalized Net Income, 2 Yr. CAGR %	-26.03	49.27	77.21	28.09	-7.19
Diluted EPS Before Extra, 2 Yr. CAGR %	-22.52	47.58	68.67	26.34	-6.79
Accounts Receivable, 2 Yr. CAGR %	-6.8	20.89	28.93	18.63	-3.07
Inventory, 2 Yr. CAGR %	1.19	6.04	20.63	32.68	20.95
Net Property, Plant and Equip., 2 Yr. CAGR %	-8.19	-4.06	2.44	20.81	25.67
Total Assets, 2 Yr. CAGR %	0.63	4.96	15.7	37.04	24.15
Tangible Book Value, 2 Yr. CAGR %	-1.68	14.42	24.28	19.46	8.73
Common Equity, 2 Yr. CAGR %	-1.74	14.06	23.75	19.01	8.5
Cash From Operations, 2 Yr. CAGR %	-2.01	22.75	40.05	-85.45	-2.6
Capital Expenditures, 2 Yr. CAGR %	-42.95	21.15	26.72	55.26	15.27
Levered Free Cash Flow, 2 Yr. CAGR %	247.17	1.7	26.2	-2.14	-16.43
Unlevered Free Cash Flow, 2 Yr. CAGR %	260.36	1.48	25.87	0.69	-12.46
Dividend Per Share, 2 Yr. CAGR %	0	41.42	26.13	19.29	2.82
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-0.27	4.18	19.76	23.86	13.16
Gross Profit, 3 Yr. CAGR %	-5.61	1.57	24.06	30.52	13.62
EBITDA, 3 Yr. CAGR %	-9.57	2.53	31.98	36.41	11.52
EBITA, 3 Yr. CAGR %	-15.89	2.76	47.87	51.52	13.55
EBIT, 3 Yr. CAGR %	-16.64	2.34	47.48	51.23	13.99
Earnings From Cont. Operations, 3 Yr. CAGR %	-14.52	4.33	48.46	44.59	9.35
Net Income, 3 Yr. CAGR %	-14.52	4.33	48.46	44.59	9.35
Normalized Net Income, 3 Yr. CAGR %	-17.21	3.61	50.99	49.4	9.99
Diluted EPS Before Extra, 3 Yr. CAGR %	-14.52	4.33	48.51	44.54	9.32
Accounts Receivable, 3 Yr. CAGR %	-1.79	4.26	23.03	22.45	6.18
Inventory, 3 Yr. CAGR %	8.14	6.22	11.82	27.24	22.07
Net Property, Plant and Equip., 3 Yr. CAGR %	4.35	-4.62	-2.1	14.54	17.2
Total Assets, 3 Yr. CAGR %	2.42	2.52	11.5	25.96	24.7
Tangible Book Value, 3 Yr. CAGR %	2.41	6.24	17.69	20.97	13.76
Common Equity, 3 Yr. CAGR %	2.27	6.07	17.25	20.52	13.41
Cash From Operations, 3 Yr. CAGR %	-5.45	12.56	25.78	-68.44	7.8
Capital Expenditures, 3 Yr. CAGR %	-18.82	-19.98	14.41	55.97	10.68
Levered Free Cash Flow, 3 Yr. CAGR %	2.26	126.32	19.4	-2.51	4.75
Unlevered Free Cash Flow, 3 Yr. CAGR %	2.41	131.79	19.14	-0.73	7.96
Dividend Per Share, 3 Yr. CAGR %	1.56	5.73	39.12	18.92	12.48
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.87	7.13	10.32	11.11	13.89
Gross Profit, 5 Yr. CAGR %	0.6	5.58	9.74	11.01	15.39
EBITDA, 5 Yr. CAGR %	-1.59	6.47	10.64	11.39	17.73
EBITA, 5 Yr. CAGR %	-6.33	5.67	11.86	13.67	25.51
EBIT, 5 Yr. CAGR %	-6.83	5.41	11.68	13.53	25.5
Earnings From Cont. Operations, 5 Yr. CAGR %	-6.9	6.38	12.18	12.65	23.26
Net Income, 5 Yr. CAGR %	-6.9	6.38	12.18	12.65	23.26
Normalized Net Income, 5 Yr. CAGR %	-7.06	6.47	12.24	12.78	24.28
Diluted EPS Before Extra, 5 Yr. CAGR %	-6.88	6.4	12.18	12.63	23.26
Accounts Receivable, 5 Yr. CAGR %	4.22	5.06	9.51	9.79	11.84
Inventory, 5 Yr. CAGR %	14.01	13.45	12.97	16.1	15.38
Net Property, Plant and Equip., 5 Yr. CAGR %	8	7	3.58	4.84	8.18
Total Assets, 5 Yr. CAGR %	7.16	5.19	7.54	15.14	16.39
Tangible Book Value, 5 Yr. CAGR %	5.7	8.47	10.66	11.34	14.02
Common Equity, 5 Yr. CAGR %	5.36	8.19	10.37	11.07	13.67
Cash From Operations, 5 Yr. CAGR %	-3.6	5.67	10.64	-50.34	13.55
Capital Expenditures, 5 Yr. CAGR %	-9.22	6.32	-2.99	4.31	14.75
Levered Free Cash Flow, 5 Yr. CAGR %	7.71	-2.68	11.1	61.83	3.52
Unlevered Free Cash Flow, 5 Yr. CAGR %	7.75	-2.65	11.08	66.05	5.32
Dividend Per Share, 5 Yr. CAGR %	2.98	5.39	10.76	10.96	23.27