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Santierul Naval Orsova S.A.
Earnings Release • Feb 26, 2025
2348_er_2025-02-26_f71ea804-db3c-4d39-b7d7-3a26514dfc59.pdf
Earnings Release
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ŞANTIERUL NAVAL ORŞOVA S.A. Nr. RC J25/150/1991 CIF: RO 1614734 Capital social: - subscris 28.557.297,5 lei - varsat 28.557.297,5 lei Str. Tufări, nr. 4, Orşova, 225200, Mehedinţi Tel.: 0252/362.399; 0252/361.885; Fax: 0252/360.648 E-mail: [email protected]; [email protected] Codul LEI (Legal Entity Identifier): 254900UXAJ8TPIKLXG79 Cod IBAN: RO96RNCB0181022634120001- B.C.R. Orşova Cod IBAN: RO59BRDE260SV03176142600- B.R.D. Orşova
Preliminary financial results at 31.12.2024
The company Santierul Naval Orsova S.A., ended 2024 with financial results above the levels projected for this year.
• The company achieved a turnover of 99,781,672 lei in 2024, an increase of 0.29% compared to the same period of the previous year
• During the period 01.01-31.12.2024, operational revenues, in the amount of 100,038,158 lei, increased by 0.20% compared to those recorded in the corresponding period of 2023 (99,840,070 lei).
• Operational expenses, in the amount of 93,432,551 lei and in close correlation with operational revenues, recorded a decrease in 2024 by 2.95%. compared to their level in the similar period of 2023 (96,275,369 lei).
• The profit achieved from the operational activity at the end of 2024 is 6,605,607 lei (in the corresponding period of 2023 a loss of 3,564,701 lei was recorded).
• From the financial activity, influenced by the evolution of the exchange rate, the company achieved in this period a profit in the amount of 936,208 lei, higher by 195.34% than that achieved in 2023 (316,996 lei).
During the period 01.01-31.12.2024 the company Santierul Naval Orsova S.A. achieved the following financial results:
| Indicator ( lei) | Cumulative | Cumulative | Evolution 2024/2023 |
|---|---|---|---|
| achievements at | achievements at | % | |
| 31.12.2024 | 31.12.2023 | ||
| Turnover | 99.781.672 | 99.494.651 | 100,29 |
| Total incomes | 101.160.240 | 100.636.685 | 100,52 |
| Total expenses | 93.618.425 | 96.754.988 | 96,76 |
| Gross profit /(Gross loss) | 7.541.815 | 3.881.697 | 194,29 |
| Net profit /(Net loss) | 5.936.340 | 3.453.687 | 171,88 |
The preliminary financial results on 31.12.2024 can be consulted by accessing the link below:
President of the Board of Directors Economical Manager Ec. Dumitru Ion Ec.Marilena Visescu
ŞANTIERUL NAVAL ORŞOVA S.A. Nr. RC J25/150/1991 CIF: RO 1614734 Capital social: - subscris 28.557.297,5 lei - varsat 28.557.297,5 lei Str. Tufări, nr. 4, Orşova, 225200, Mehedinţi Tel.: 0252/362.399; 0252/361.885; Fax: 0252/360.648 E-mail: [email protected]; [email protected] Codul LEI (Legal Entity Identifier): 254900UXAJ8TPIKLXG79 Cod IBAN: RO96RNCB0181022634120001- B.C.R. Orşova Cod IBAN: RO59BRDE260SV03176142600- B.R.D. Orşova
Status of the Financial Position on 31.12.2024
| Reference | Row | 2024 | 2023 | |
|---|---|---|---|---|
| Assets | (lei) | (lei) | ||
| Fixed assets | ||||
| IAS 1.54(a) | Tangible assets | 01 | 43.654.446 | 38.860.571 |
| Lands and land arrangements | 02 | 625.753 | 1.201.941 | |
| Constructions | 03 | 22.462.920 | 17.706.276 | |
| Technical equipments and transport means |
04 | 17.347.009 | 18.450.791 | |
| Furniture, office automation [] | 05 | 138.469 | 98.728 | |
| Pending tangible assets | 06 | 3.080.295 | 1.402.835 | |
| IAS 1.54(c) | Intangible assets | 07 | 41.677 | 81.164 |
| Other intangible assets | 08 | 41.677 | 81.164 | |
| Ifrs 16,IAS 8 | Rights to use the leased assets | 09 | 3.335.469 | 495.806 |
| IAS 1.54(b) | Investment property | 10 | 0 | 606.447 |
| IAS 1.54(h) | Trade receivables and other receivables | 11 | 160.624 | 6.000 |
| IAS 1.54(o), 56 | Receivables concerning the delayed taxation |
12 | 168.856 | 104.832 |
| IAS 1.60 | Total of Fixed Assets | 13 | 47.361.072 | 40.154.820 |
| Current assets | ||||
| IAS 1.54 (g) | Stocks | 14 | 36.479.637 | 28.967.886 |
| IAS 1.54(h) | Trade receivables and other receivables | 15 | 3.096.984 | 12.089.896 |
| IAS 1.55 | Expenses recorded in advance | 16 | 179.843 | 153.995 |
| IAS 1.54(d) | Short term investments | 17 | 13.514.382 | 6.495.815 |
| IAS 1.54(i) | Cash and cash equivalents | 18 | 10.955.209 | 11.943.703 |
| IFRS 5.38-40 | Assets classified as held for sale | 19 | 1.048.588 | 0 |
| IAS 1.60 | Total of Current Assets | 20 | 65.274.643 | 59.651.295 |
| Total of Assets | 21 | 112.635.715 | 99.806.115 |
| Total Equity Capitals and Debts | 37 | 112.635.715 | 99.806.115 | |
|---|---|---|---|---|
| Total of debts | 36 | 24.893.312 | 18.376.919 | |
| IAS 1.60 | Total Current Debts | 35 | 17.475.478 | 14.540.942 |
| IAS 1.54(l) | Provisions | 34 | 1.213.300 | 655.198 |
| IAS 1.55 | Advance registered incomes | 33 | 317.980 | 950 |
| IAS 1.54(k) | Commercial debts and other debts, including derived financial instruments |
32 | 15.944.198 | 13.884.794 |
| Current debts | ||||
| IAS 1.60 | Total of Long-term debts | 31 | 7.417.834 | 3.835.977 |
| Ifrs 16,IAS 8 | Other debts , incl.leasing | 30 | 2.904.644 | 60.040 |
| IAS 1.54(o), 56 | Debts concerning the delayed taxation | 29 | 4.513.190 | 3.775.937 |
| Long-term debts | ||||
| Debts | ||||
| Total Equity Capitals | 28 | 87.742.403 | 81.429.196 | |
| Other elements of Equity Capital | 27 | (4.513.190) | (3.753.867) | |
| IAS 1.55, 78(e) | Reported result | 26 | 1.444.674 | (2.848.032) |
| Result of the financial year | 25 | 5.936.340 | 3.453.687 | |
| IAS 1.54(r), 78(e) | Spares | 24 | 47.454.438 | 47.157.267 |
| IAS 1.55, 78(e) | Capital premiums | 23 | 8.862.843 | 8.862.843 |
| IAS 1.54(r), 78(e) | Share capital | 22 | 28.557.298 | 28.557.298 |
| Equity capital |
Reference
| Row | 2024 lei |
2023 lei |
||
|---|---|---|---|---|
| Permanent Activities | ||||
| IAS 1. 82(a) | Incomes | 01 | 93.582.437 | 96.632.014 |
| IAS 1.99,103 | Other incomes | 02 | 6.455.721 | 3.208.056 |
| Total Operational Incomes | 03 | 100.038.158 | 99.840.070 | |
| Expenses concerning the stocks | 04 | (31.405.122) | (43.352.929) | |
| Expenses concerning the utilities | 05 | (2.298.160) | (2.062.928) | |
| Expenses with the benefits of the employees |
06 | (34.803.825) | (30.408.001) | |
| Expenses with the depreciation and impairment of the immobilisations |
07 | (5.792.451) | (5.074.087) | |
| Depreciation expenses related to the use of leasing assets |
08 | (663.926) | (658.463) | |
| Profit / loss from the immobilisations' disposals |
09 | (21.996) | (5.390) | |
| Value adjustment of the current assets | 10 | (103.835) | (55.842) | |
| Adjustment of commissions | 11 | (413.531) | 1.024.394 | |
| IAS 1.99, 103 | Other expenses | 12 | (17.929.705) | (15.682.123) |
| Total Operational Expenses | 13 | (93.432.551) | (96.275.369) | |
| Result of the Operational Activities | 14 | 6.605.607 | 3.564.701 | |
| Financial Incomes | 15 | 1.122.082 | 796.615 | |
| IAS 1.82(b) | Financial expenses | 16 | (185.874) | (479.619) |
| Net Fiscal Result/ Net Fiscal Result | 17 | 936.208 | 316.996 | |
| IAS 1.85 | Result before Taxation | 18 | 7.541.815 | 3.881.697 |
| IAS 1.82(d) IAS 12.77 |
Expenses with the tax on the current profit |
19 | (1.691.569) | (412.474) |
| Expenses with the tax on the delayed profit |
20 | (636.620) | (120.367) | |
| Incomes corresponding to the tax on the delayed profit |
21 | 722.714 | 104.831 | |
| IAS 1.85 | Result from Permanent Activities | 22 | 5.936.340 | 3.453.687 |
| IAS 1.82(f) | Result of the Period | 23 | 5.936.340 | 3.453.687 |
| Other parts of the Global Result | ||||
| IAS 1.82(g) | Re-assessment of the tangible assets | 24 | 5.745.663 | (746.912) |
| IAS 1.85 | Other elements of the Global Result, after Taxation |
25 | 5.745.663 | (746.912) |
| IAS 1.82 (i) | Total of the Global Result corresponding to the Period Profit assigned |
26 | 11.682.003 | 2.706.775 |
| IAS 1.83(b)(ii) | To the company's Shareholders | 27 | 5.936.340 | 3.453.687 |
|---|---|---|---|---|
| Profit of the period | 28 | 5.936.340 | 3.453.687 | |
| Total assigned global result | ||||
| IAS 1.83(b)(ii) | To the company's shareholders | 29 | 11.682.003 | 2.706.775 |
| Result per action/ Result per action | ||||
| IAS 33.66 | Result per main action | 30 | 0,52 | 0,30 |
| IAS 33.66 | Result per action attenuated | 31 | 0,52 | 0,30 |
| Permanent activities | ||||
| IAS 33.66 | Result per main action | 32 | 0,52 | 0,30 |
| IAS 33.66 | Result per action attenuated | 33 | 0,52 | 0,30 |
President of the Board of Directors , Ec. Dumitru Ion
Economical Manager, Ec. Marilena Visescu