Euroholdings Ltd. financial statements

Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data Euroholdings Ltd. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2022	FY2024	FY2024	FY2025
Revenue	24.5	16.5	15.6	13.2
General and administrative	0.8	0.78	0.82	1.5
Operating expenses	10.2	8.54	11.8	-1.46
Operating income	14.3	7.96	3.83	14.7
Other non-operating income	-0.23	-0.23	-0.06	0.07
Net income	14	7.73	3.77	14.8
EBITDA	15.6	9.43	3.87	15
EPS, diluted		2.78	1.36	5.27
Shares, diluted (weighted)		2.78	2.78	2.8

Balance sheet

	FY2022	FY2024	FY2024	FY2025
Cash and equivalents	0.83	0.49	0.13	3.34
Receivables		0.52	0.44	1.83
Inventory		0.3	0.65	0.61
Other current assets		0.05	0.11	0.22
Total current assets		2.26	2.37	7.26
Property, plant and equipment	6.88	5.97	6.24	35.2
Total assets		8.23	8.61	42.7
Accounts payable		0.46	1.51	0.8
Accrued liabilities		0.16	0.71	0.52
Deferred revenue		0.06	0.15	1.44
Short-term debt		0.68	0	1.52
Total current liabilities		1.37	2.37	4.28
Long-term debt		1.21	0	18.3
Total liabilities		2.58	2.37	22.6
Total debt		1.89	0	19.9
Paid-in capital			0	6.5
Retained earnings			0	13.6
Shareholders' equity	6.3	5.66	6.24	20.1
Total equity	6.3	5.66	6.24	20.1
Total liabilities and equity		8.23	8.61	42.7
Shares outstanding			0	2.82

Cash flow statement

	FY2022	FY2024	FY2024	FY2025
Net income	14	7.73	3.77	14.8
Depreciation and amortization	1.35	1.47	0.04	0.3
Stock-based compensation		0	0	0.29
Change in receivables	-0.87	0.64	0.08	-1.39
Change in inventory	0.04	-0.02	-0.34	0.04
Cash from operations	14.1	9.3	4.96	3.94
Capital expenditures	-0.2	-0.56	-0.21	-32
Cash from investing	-0.2	-0.56	-0.21	-19.1
Debt issued		0	0	20
Debt repaid	-3.08	-0.7	-1.93	0
Dividends paid		0	0	-1.18
Cash from financing	-14.8	-9.07	-5.12	18.7
Net change in cash	-0.95	-0.33	-0.36	3.51
Free cash flow	13.9	8.74	4.75	-28
Interest paid	0.2	0.21	0.05	0

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $11.95 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	111.1%	Operating income / revenue.
EBITDA margin	113.4%	EBITDA (operating income + depreciation and amortization) / revenue.
Net margin	111.6%	Net income / revenue.
FCF margin	-212.0%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	29.8%	Cash from operations / revenue.
Return on equity (ROE)	112.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	57.5%	Net income / average total assets.
Return on invested capital (ROIC)	54.3%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue	2.2%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	241.8%	Capital expenditures / revenue.
D&A / revenue	2.3%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-15.4%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-18.5%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income growth, 1y	283.6%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	1.0%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA growth, 1y	287.2%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-1.3%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y	291.1%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	1.7%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y	287.5%	EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y	-20.5%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-34.6%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow growth, 1y	-689.9%	Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y	222.2%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	47.2%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y	396.0%	Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y	0.7%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.70x	Current assets / current liabilities.
Quick ratio	1.21x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.78x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.99x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	46.5%	Total debt / total assets.
Liabilities / assets	53.0%	Total liabilities / total assets.
Net debt	$16.5M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	1.10x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Working capital	$3.0M	Current assets - current liabilities.
Tangible book value	$20.1M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.52x	Revenue / average total assets.
Fixed asset turnover	0.64x	Revenue / average property, plant and equipment.
Receivables turnover	11.6x	Revenue / average receivables.
Days sales outstanding	31 days	365 x average receivables / revenue.
FCF conversion	-190.0%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	811.2%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$5.27	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$4.72	Revenue / diluted weighted shares.
FCF per share	-$10.02	Free cash flow / diluted weighted shares.
Operating cash flow per share	$1.41	Cash from operations / diluted weighted shares.
Book value per share	$7.14	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$7.14	Tangible book value / shares outstanding.
Cash per share	$1.19	(Cash + short-term investments) / shares outstanding.
Payout ratio	8.0%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$33.7M	Share price x shares outstanding.
Enterprise value	$50.2M	Market cap + total debt - cash - short-term investments.
P/E	2.28x	Market cap / net income. Only when net income is positive.
P/S	2.54x	Market cap / revenue.
P/B	1.67x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.67x	Market cap / tangible book value, when positive.
P/OCF	8.54x	Market cap / cash from operations, when positive.
EV/Sales	3.79x	Enterprise value / revenue.
EV/EBIT	3.42x	Enterprise value / operating income, when both are positive.
EV/EBITDA	3.35x	Enterprise value / EBITDA, when both are positive.
FCF yield	-83.3%	Free cash flow / market cap.
Earnings yield	43.8%	Net income / market cap (the inverse of P/E).
Dividend yield	3.5%	Dividends paid over the period / market cap.
Shareholder yield	3.5%	(Dividends paid + share buybacks) / market cap.

What was Euroholdings Ltd.'s revenue in fiscal 2025?

Euroholdings Ltd. reported revenue of $13.2M for fiscal 2025, 15.4% lower than the year before.

Was Euroholdings Ltd. profitable in fiscal 2025?

Yes. Net income was $14.8M, a net margin of 111.6%.

How much free cash flow did Euroholdings Ltd. generate in fiscal 2025?

Cash from operations of $3.9M minus capital expenditures of $32.0M left free cash flow of -$28.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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