Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data VivoPower PLC 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
FY2018
FY2018
FY2019
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
32.3
33.6
39
43.5
33.1
24
10.2
4.06
0.02
0.06
Cost of revenue
4.98
28.5
32.7
37.5
27.7
19.6
9.49
4.29
-0.03
0.05
Gross profit
27.3
5.12
6.31
6.09
5.43
4.36
-1.21
-4.09
0.04
0.01
General and administrative
9.32
12.8
7.69
7.2
4.23
9.65
12.4
6.43
7.52
8.23
Operating income
17.3
-7.6
-5.41
-5.22
2.28
-5.01
-14.9
-11.7
-8.52
-8.72
Interest expense
0.6
3.4
3.24
3.35
2.97
2.45
8.48
6.84
6.02
7.03
Interest income
0.01
0.01
0
0.03
2.18
0.17
1.16
1.4
3.57
Pre-tax income
10.9
-34.1
-10.7
-11
-4.08
-8.17
-23.7
-19.5
-44.2
-15.1
Income tax
5.34
-6.26
0.56
0.35
0.74
-0.14
-1.14
0.56
1.6
-0.69
Income from continuing operations
-4.82
-8.03
-22.5
-20.1
-45.8
-14.4
Net income to minority interests
0
0
-0.39
0
0
Net income
5.58
-27.9
-11.2
-11.3
-5.1
-7.57
-22.1
-24.4
-46.7
-12.8
EBITDA
18
-6.34
-3.99
3.22
-3.56
-13.6
-10.2
EPS, basic
7.33
-20.68
-8.33
-3.81
-4.92
-10.64
-9.87
-15.17
-1.92
EPS, diluted
7.33
-20.68
-8.33
-3.81
-4.92
-10.64
-9.87
-15.17
-1.92
Balance sheet
FY2018
FY2018
FY2019
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
11
1.94
4.52
7.13
2.82
8.6
1.29
0.55
0.2
0.06
Short-term investments
10
10
Receivables
19.8
7.9
10.4
15
12.6
12.8
9.09
7.09
10
73.2
Inventory
0
0
0
1.97
1.89
2.12
1.65
1.15
Total current assets
30.8
21.3
29.8
36.3
20.5
24.5
21.7
10.4
17.7
74.6
Property, plant and equipment
2.16
1.92
1.21
2.95
2.49
2.58
3.74
3.74
0.44
1.46
Goodwill
30.4
24.5
22.6
22.4
21.9
25.8
18.3
17.7
1.64
1.79
Intangible assets
15.9
11.9
9.74
9.38
7.93
21.2
39.6
42.2
15.2
16.7
Total assets
101
76.3
65.4
73.1
62.4
76.5
69.7
61.4
37.4
97.1
Accounts payable
8.26
14.1
17.9
24.6
15.4
8.92
15.5
14.6
37.9
39.8
Total current liabilities
12.2
20.6
20.8
29.1
19.7
13.4
23.3
18.9
54.1
55.3
Total liabilities
36.2
39.3
41.4
50.6
44.5
36.1
48
57.7
78
77
Total debt
20.3
22.3
19.3
21.7
26
23.1
28.6
32.4
29.1
29.2
Paid-in capital
40.2
40.2
40.2
40.2
40.2
76.2
99.4
105
108
182
Retained earnings
5.3
-22.6
-34.1
-35.7
-40.8
-49.9
-71.9
-96.3
-143
-156
Shareholders' equity
37
24
22.5
17.7
40.4
21.6
3.75
-40.5
20.1
Minority interests
0
0
0.18
0
0
0
Total equity
64.6
37
24
22.5
17.9
40.4
21.6
3.75
-40.5
20.1
Total liabilities and equity
101
76.3
65.4
73.1
62.4
76.5
69.7
61.4
37.4
97.1
Cash flow statement
FY2018
FY2018
FY2019
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
5.58
-27.9
-11.2
-11.3
-5.1
-7.96
-22.1
-24.4
-46.7
-12.8
Depreciation and amortization
0.65
1.26
1.42
0.95
1.45
1.32
1.58
Cash from operations
6.38
8.9
-1.57
1.23
-4.57
-15.4
-5.13
-5.44
1.49
-5.75
Capital expenditures
-0.09
-1.1
-0.35
-0.36
-0.88
-0.94
-1.17
-1.03
-0.61
-0.99
Cash from investing
-26.7
-16.6
11.9
11.2
0.29
-2.68
-5.34
-1.92
-4.57
-3.23
Debt issued
0
0.9
0
0.02
8.7
Debt repaid
-0.14
-0.01
Stock issued
0.17
0
0
34.9
0.24
5.5
2.52
8.88
Dividends paid
-0.2
-0.2
-0.3
Cash from financing
31.3
-1.31
-7.64
-7.25
0.02
23.5
3.56
6.69
2.72
8.84
Exchange rate effect
-0.07
-0.05
0.3
-0.4
-0.06
Net change in cash
10.9
-9.03
Free cash flow
6.28
7.8
-1.91
0.87
-5.46
-16.3
-6.3
-6.47
0.88
-6.73
Interest paid
5.3
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $4.12 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
18.0%
Gross profit / revenue.
Operating margin
-14,300.0%
Operating income / revenue.
Pre-tax margin
-24,805.0%
Pre-tax income / revenue.
Net margin
-20,970.0%
Net income / revenue.
FCF margin
-11,039.0%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-9,425.0%
Cash from operations / revenue.
Return on assets (ROA)
-19.0%
Net income / average total assets.
Return on invested capital (ROIC)
-36.7%
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%.
Capex / revenue
1,615.0%
Capital expenditures / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
281.3%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-81.8%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
-71.6%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
-74.4%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 5y
-71.1%
Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y
-485.1%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y
-861.8%
Free cash flow vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
-2.4%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y
2.6%
Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
159.5%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
11.7%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
9.3%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.35x
Current assets / current liabilities.
Quick ratio
1.51x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.18x
(Cash + short-term investments) / current liabilities.
Debt / equity
1.45x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
30.1%
Total debt / total assets.
Liabilities / assets
79.3%
Total liabilities / total assets.
Net debt
$19.1M
Total debt - cash - short-term investments. Negative means more cash than debt.
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$1.92
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.
EPS, basic
-$1.92
Net income per basic share, as reported (split-adjusted).
Valuation
Metric
Value
How it is calculated
Market cap
$113.5M
Share price x shares outstanding.
Enterprise value
$132.6M
Market cap + total debt - cash - short-term investments.
P/S
1,860x
Market cap / revenue.
P/B
5.64x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
70.0x
Market cap / tangible book value, when positive.
EV/Sales
2,174x
Enterprise value / revenue.
FCF yield
-5.9%
Free cash flow / market cap.
Earnings yield
-11.3%
Net income / market cap (the inverse of P/E).
Dividend yield
0.3%
Dividends paid over the period / market cap.
Shareholder yield
0.3%
(Dividends paid + share buybacks) / market cap.
What was VivoPower PLC's revenue in fiscal 2025?
VivoPower PLC reported revenue of $61.0K for fiscal 2025, 281.3% higher than the year before.
Was VivoPower PLC profitable in fiscal 2025?
No. It reported a net loss of $12.8M.
How much free cash flow did VivoPower PLC generate in fiscal 2025?
Cash from operations of $5.7M minus capital expenditures of $985.0K left free cash flow of -$6.7M.
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.