Annual / Quarterly Financial Statement • Apr 29, 2025
Annual / Quarterly Financial Statement
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Year ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| € | € | |
| Income | 93.274.833 | 78.799.045 |
| Cost of sales | (63.674.762) | (56.370.422) |
| Gross profit | 29.600.071 | 22.428.623 |
| Other operating income | 87.241 | 104.397 |
| Income from interest | 1.103.367 | 565.369 |
| Depreciation of property, vessels, plant and equipment | (3.074.720) | (3.224.178) |
| Depreciation of assets with right of use | (126.882) | (121.682) |
| Sales and distribution expenses | (197.391) | (185.587) |
| Administrative costs | (6.160.631) | (5.626.715) |
| Increase in anticipated credit losses in cash at bank | (27.039) | (38.977) |
| Operating profit | 21.204.016 | 13.901.250 |
| Net finance (expenses)/income | 565.454 | (362.142) |
| Net gain on disposal of property, vessels, plant and equipment | 361.505 | 59.997 |
| Profit before taxation | 22.130.975 | 13.599.105 |
| Taxation | (1.114.277) | (880.115) |
| Net profit for the year | 21.016.698 | 12.718.990 |
| Net profit for the year attributable to: | ||
| Shareholders of holding company | 20.508.237 | 12.554.055 |
| Minority interest | 508.461 | 164.935 |
| Net profit for the year | 21.016.698 | 12.718.990 |
| Earnings per share attributed to the shareholders of the holding company | ||
| (cents) – basic and fully diluted | 56.14 | 34.37 |
Year ended 31 December 2024
| 2024 € |
2023 € |
|
|---|---|---|
| Net profit for the year | 21.016.698 | 12.718.990 |
| Other comprehensive income | ||
| Items not to be reclassified to profit or loss in subsequent periods | ||
| Adjustment of fair value of land and buildings Financial assets at fair value through other comprehensive income – fair |
355.120 | - |
| value gain/(loss) | (61.000) | 93.695 |
| Deferred taxation on revaluation of property | (88.104) | 13.228 |
| 206.016 | 106.923 | |
| Other comprehensive income for the year after taxation | 206.016 | 106.923 |
| Comprehensive income for the year | 21.222.714 | 12.825.913 |
| Comprehensive income for the year attributable to: | ||
| Shareholders of holding company | 20.714.253 | 12.660.978 |
| Minority interest | 508.461 | 164.935 |
| 21.222.714 | 12.825.913 |
| 2024 | 2023 | |
|---|---|---|
| ASSETS | € | € |
| Non-current assets | ||
| Property, vessels, plant and equipment Right-of-use assets |
28.427.325 553.287 |
31.469.338 680.169 |
| Property investments | 2.849.000 | - |
| Financial assets at fair value through other comprehensive income | 1.987.562 | 2.042.892 |
| Other receivables | 200.000 | 300.000 |
| 34.017.174 | 34.492.399 | |
| Current assets | ||
| Inventories | 2.658.960 | 1.300.647 |
| Trade and other receivables | 6.452.564 | 5.293.154 |
| Cash at bank and in hand | 59.384.047 | 42.913.107 |
| 68.495.571 | 49.506.107 | |
| Total assets | 102.512.745 | 83.999.307 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| Share capital | 15.707.529 | 15.707.529 |
| Share premium reserve | 937.067 | 937.067 |
| Other reserves | 5.558.695 | 5.352.679 |
| Accumulated profits | 65.470.233 | 49.345.492 |
| 87.673.524 | 71.342.767 | |
| Minority interest | 956.908 | 792.967 |
| Total equity | 88.630.432 | 72.135.734 |
| Non-current liabilities | ||
| Lease liabilities | 439.461 | 559.024 |
| Trade and other creditors | 948.607 | 1.068.607 |
| Deferred tax liabilities | 1.384.596 | 1.285.954 |
| 2.772.664 | 2.913.585 | |
| Current liabilities Trade and other creditors |
10.426.348 | 8.267.070 |
| Lease liabilities | 124.046 | 122.485 |
| Current tax liabilities | 346.463 | 374.416 |
| Dividend payable | 212.792 | 186.016 |
| 11.109.649 | 8.949.988 | |
| Total liabilities | 13.882.313 | 11.863.573 |
| Total equity and liabilities | 102.512.745 | 83.999.307 |
| Share | ||||||
|---|---|---|---|---|---|---|
| Share capital € |
premium reserve € |
Other reserves € |
Accumulated profits € |
Minority interest € |
Total € |
|
| Balance as at 1 January 2023 | 15.707.529 | 937.067 | 5.134.340 | 40.555.767 | 917.587 | 63.252.290 |
| Comprehensive income | ||||||
| Net profit for the year | - | - | - | 12.554.055 | 164.935 | 12.718.990 |
| Other comprehensive income for the year |
- | - | 106.923 | - | - | 106.923 |
| Comprehensive income for the year | - | - | 106.923 | 12.554.055 | 164.935 | 12.825.913 |
| Transactions with shareholders | ||||||
| Dividends | - | - | - | (3.652.914) | - | (3.652.914) |
| Total transactions with shareholders | - | - | - | (3.652.914) | - | (3.652.914) |
| Other changes | ||||||
| Dividends payable by subsidiary – Non-controlling shareholdings Minority interest in share capital of |
- | - | - | - | (289.755) | (289.755) |
| subsidiary Transfer from fair value reserves to accumulated profits due to sale of |
- | - | - | - | 200 | 200 |
| investments | - | - | 111.416 | (111.416) | - | - |
| Total other changes | - | - | 111.416 | (111.416) | (289.555) | (289.555) |
| Balance as at 31 December 2023 | 15.707.529 | 937.067 | 5.352.679 | 49.345.492 | 792.967 | 72.135.734 |
| Comprehensive income | ||||||
| Net profit for the year Other comprehensive income for the |
- | - | - | 20.508.237 | 508.461 | 21.016.698 |
| year | - | - | 206.016 | - | - | 206.016 |
| Comprehensive income for the year | - | - | 206.016 | 20.508.237 | 508.461 | 21.222.714 |
| Transactions with shareholders | ||||||
| Dividends | - | - | - | (4.383.496) | - | (4.383.496) |
| Total transactions with shareholders | - | - | - | (4.383.496) | - | (4.383.496) |
| Other changes | ||||||
| Dividends payable by subsidiary – Non-controlling shareholdings |
- | - | - | - | (344.520) | (344.520) |
| Total other changes | - | - | - | - | (344.520) | (344.520) |
| Balance as at 31 December 2024 | 15.707.529 | 937.067 | 5.558.695 | 65.470.233 | 956.908 | 88.630.432 |
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