Financial Statements — BELFA
Balance Sheet
(in millions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 59.45 | 57.74 | 59.28 | 65.93 | 134.27 | 84.98 | 71.32 | 100.23 | 65.05 | 77.84 | 70.90 | 65.83 | 51.24 | 61.96 | 66.43 | 74.04 |
| Accounts Receivable | 120.04 | 126.01 | 121.24 | 103.64 | 76.00 | 81.15 | 83.46 | 94.27 | 106.91 | 108.97 | 103.22 | 98.78 | 93.68 | 86.03 | 86.92 | 74.07 |
| Inventory | 181.23 | 166.11 | 164.65 | 164.82 | 124.89 | 127.93 | 130.46 | 140.00 | 157.26 | 165.81 | 164.38 | 160.59 | 155.34 | 128.18 | 116.17 | 106.74 |
| Total Current Assets | 397.15 | 387.69 | 378.62 | 368.43 | 387.65 | 376.02 | 364.34 | 363.02 | 354.25 | 382.60 | 377.37 | 361.10 | 334.09 | 315.55 | 299.43 | 279.36 |
| Property, Plant & Equipment | 48.48 | 47.56 | 48.70 | 47.27 | 36.74 | 35.08 | 36.04 | 38.19 | 38.45 | 38.50 | 35.23 | 36.10 | 37.57 | 35.55 | 36.75 | 37.87 |
| Goodwill | 224.81 | 214.64 | 211.29 | 208.05 | 26.92 | 25.42 | 25.35 | 25.46 | 25.90 | 25.40 | 23.78 | 24.77 | 26.27 | 25.85 | 28.18 | 26.62 |
| Intangible Assets | 214.14 | 221.21 | 225.01 | 228.39 | 45.85 | 46.72 | 47.87 | 50.66 | 52.02 | 53.16 | 54.73 | 56.56 | 58.88 | 62.70 | 62.66 | 64.32 |
| Total Non-current Assets* | 554.77 | 565.12 | 571.97 | 572.03 | 196.77 | 191.58 | 191.00 | 196.05 | 198.17 | 191.93 | 176.45 | 181.26 | 186.19 | 172.04 | 174.45 | 177.06 |
| Total Assets | 951.92 | 952.80 | 950.58 | 940.46 | 584.42 | 567.60 | 555.34 | 559.07 | 552.42 | 574.53 | 553.82 | 542.36 | 520.28 | 487.58 | 473.88 | 456.42 |
| Accounts Payable | 63.97 | 54.22 | 53.69 | 46.11 | 37.14 | 36.42 | 32.82 | 43.98 | 51.75 | 60.24 | 66.19 | 70.02 | 64.61 | 57.61 | 53.02 | 42.45 |
| Total Current Liabilities | 124.75 | 126.76 | 124.08 | 111.24 | 96.89 | 89.76 | 86.50 | 117.68 | 126.87 | 129.86 | 137.08 | 128.75 | 109.44 | 106.24 | 105.09 | 90.97 |
| Long-term Debt | 204.50 | 225.00 | 250.00 | 280.00 | 60.00 | 60.00 | 60.00 | 60.00 | 60.00 | 100.00 | 110.00 | 112.50 | 112.50 | 112.50 | 104.66 | 107.47 |
| Total Non-current Liabilities* | 291.46 | 317.01 | 340.79 | 371.29 | 120.17 | 121.43 | 122.18 | 119.98 | 121.06 | 166.61 | 180.70 | 187.62 | 195.49 | 181.15 | 172.19 | 179.13 |
| Total Liabilities | 416.21 | 443.77 | 464.87 | 482.52 | 217.06 | 211.19 | 208.68 | 237.66 | 247.93 | 296.46 | 317.78 | 316.37 | 304.93 | 287.38 | 277.28 | 270.10 |
| Retained Earnings | 413.62 | 409.42 | 388.04 | 362.04 | 347.70 | 340.46 | 322.51 | 296.37 | 277.79 | 250.89 | 224.02 | 208.33 | 192.14 | 180.77 | 175.88 | 168.85 |
| Total Stockholder Equity | 438.94 | 427.76 | 404.74 | 376.90 | 367.36 | 356.42 | 346.66 | 321.41 | 304.49 | 278.06 | 236.03 | 226.00 | 215.36 | 200.20 | 196.60 | 186.32 |
* Derived from reported values
Income Statement
(in millions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 178.49 | 175.94 | 178.98 | 168.30 | 152.24 | 149.86 | 123.64 | 133.21 | 128.09 | 140.01 | 158.68 | 168.78 | 172.34 | 169.20 | 177.74 | 170.57 | 136.72 | 147.14 | 146.97 | 138.74 |
| Cost of Revenue | 108.89 | 106.56 | 107.84 | 103.22 | 93.42 | 93.65 | 78.96 | 79.81 | 80.01 | 88.83 | 103.22 | 113.24 | 118.68 | 116.86 | 126.21 | 125.12 | 102.59 | 107.20 | 110.99 | 104.54 |
| Gross Profit | 69.60 | 69.38 | 71.14 | 65.08 | 58.82 | 56.21 | 44.68 | 53.40 | 48.08 | 51.18 | 55.47 | 55.54 | 53.66 | 52.34 | 51.53 | 45.45 | 34.12 | 39.95 | 35.97 | 34.20 |
| Research & Development | 8.51 | 7.99 | 7.55 | 8.10 | 7.22 | 6.93 | 5.44 | 5.99 | 5.22 | 5.97 | 5.29 | 6.01 | 5.22 | 5.69 | 4.88 | 4.66 | 5.01 | 5.52 | 5.92 | 5.46 |
| Selling, General & Admin | 36.73 | 32.60 | 32.80 | 30.91 | 29.51 | 34.83 | 26.70 | 24.14 | 24.94 | 24.94 | 23.72 | 25.14 | 25.30 | 25.13 | 22.22 | 23.97 | 21.03 | 22.60 | 21.19 | 21.83 |
| Total Operating Expenses | 45.93 | 43.60 | 40.80 | 35.22 | 33.80 | 43.83 | 33.23 | 30.77 | 30.22 | 34.72 | 30.95 | 28.18 | 34.03 | 34.14 | 29.47 | 28.66 | 26.04 | 28.65 | 27.10 | 27.57 |
| Operating Income | 23.67 | 25.78 | 30.34 | 29.86 | 25.02 | 12.37 | 11.45 | 22.62 | 17.85 | 16.47 | 24.51 | 27.36 | 19.64 | 18.20 | 22.06 | 16.80 | 8.09 | 11.30 | 8.87 | 6.64 |
| Interest Expense | -- | -- | 3.63 | 3.99 | 4.15 | -- | 0.41 | 0.42 | 0.43 | 0.45 | 0.51 | 0.91 | 0.98 | 0.97 | 0.94 | 0.78 | 0.69 | 0.53 | 1.49 | 0.72 |
| Pretax Income | 17.79 | 9.56 | 28.00 | 33.70 | 23.79 | 7.39 | 11.19 | 22.88 | 20.35 | 13.50 | 23.77 | 27.30 | 18.74 | 17.45 | 20.69 | 14.29 | 6.63 | 9.92 | 7.18 | 6.03 |
| Tax Provision | 2.81 | 3.12 | 5.45 | 6.91 | 5.46 | 0.95 | 3.11 | 4.08 | 4.48 | 1.46 | 4.32 | (0.48) | 4.16 | 3.41 | 4.14 | (2.75) | 1.56 | 1.91 | 1.45 | (1.85) |
| Net Income | 11.38 | 6.44 | 22.56 | 26.79 | 17.87 | (1.80) | 8.08 | 18.81 | 15.87 | 12.04 | 19.45 | 27.78 | 14.57 | 14.04 | 16.55 | 17.04 | 5.06 | 8.01 | 5.73 | 7.88 |
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | 13.83 | 29.57 | 22.18 | 20.72 | 8.15 | 8.34 | 27.38 | 32.19 | 6.15 | 26.92 | 40.77 | 23.82 | 16.84 | 16.19 | 12.92 | 18.89 | (7.75) | 6.35 | 0.21 | (3.69) |
| Capital Expenditures | 2.64 | 3.42 | 1.86 | 3.93 | 2.79 | 6.20 | 3.63 | 1.35 | 2.93 | 2.47 | 2.58 | 3.32 | 3.76 | 3.22 | 2.07 | 1.51 | 2.04 | 5.24 | 1.69 | 1.26 |
| Free Cash Flow* | 11.19 | 26.14 | 20.32 | 16.79 | 5.36 | 2.14 | 23.75 | 30.85 | 3.22 | 24.46 | 38.19 | 20.50 | 13.07 | 12.97 | 10.86 | 17.39 | (9.79) | 1.10 | (1.48) | (4.95) |
| Investing Cash Flow | (17.87) | (2.40) | 0.83 | 1.39 | (3.06) | (297.31) | 25.38 | (10.37) | (15.58) | (42.46) | (4.45) | 7.09 | (13.71) | (3.22) | (0.32) | (1.51) | (1.95) | (5.16) | (1.20) | (3.28) |
| Financing Cash Flow | 6.16 | (28.47) | (25.83) | (31.51) | (8.33) | 225.13 | (3.02) | (8.73) | (7.12) | (1.11) | (0.83) | (40.83) | 4.17 | (15.94) | (3.32) | (1.17) | (0.82) | (0.93) | (2.86) | (2.30) |
* Derived from reported values
