Income Statement Cocoa Processing Company Limited

Stocks

CPC

GH0000000540

Food Processing

End-of-day quote Ghana S.E. Other stock markets 15/06/2026			5-day change	1st Jan Change
0.1300 ^GHS	0.00%		0.00%	+160.00%

02/08/25	Cocoa Processing Company Limited Reports Earnings Results for the Nine Months Ended June 30, 2025	CI
03/05/25	Cocoa Processing Company Limited Reports Earnings Results for the Half Year Ended March 31, 2025	CI

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Published financial data: COCOA PROCESSING COMPANY LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2018	2019	2020	2021	2022
Revenues	28.26M	28.43M	13.65M	41.84M	43.49M
Total Revenues	28.26M	28.43M	13.65M	41.84M	43.49M
Cost of Goods Sold, Total	27.48M	23.66M	16.68M	46.83M	47.36M
Gross Profit	788K	4.77M	-3.03M	-4.99M	-3.87M
Selling General & Admin Expenses, Total	4.9M	5.08M	5.67M	5.48M	5.37M
Provision for Bad Debts	165K	419K	380K	392K	-534K
Other Operating Expenses	-90.37K	-544K	-756K	-355K	-423K
Other Operating Expenses, Total	4.98M	4.95M	5.29M	5.52M	4.42M
Operating Income	-4.19M	-180K	-8.32M	-10.51M	-8.29M
Interest Expense, Total	-3.81M	-4.57M	-4.65M	-4.83M	-5.06M
Interest And Investment Income	52.5K	6.06K	60.7K	56.41K	50.07K
Net Interest Expenses	-3.76M	-4.57M	-4.59M	-4.77M	-5.01M
Currency Exchange Gains (Loss)	736K	440K	336K	117K	1.08M
Other Non Operating Income (Expenses)	-	-	-	-	-720K
EBT, Excl. Unusual Items	-7.22M	-4.31M	-12.58M	-15.17M	-12.95M
Other Unusual Items	-	-	-7.02M	-	-
EBT, Incl. Unusual Items	-7.22M	-4.31M	-19.6M	-15.17M	-12.95M
Income Tax Expense	4.8M	-946K	-954K	-81.21K	-887K
Earnings From Continuing Operations	-12.01M	-3.36M	-18.64M	-15.09M	-12.06M
Net Income to Company	-12.01M	-3.36M	-18.64M	-15.09M	-12.06M
Net Income - (IS)	-12.01M	-3.36M	-18.64M	-15.09M	-12.06M
Net Income to Common Incl Extra Items	-12.01M	-3.36M	-18.64M	-15.09M	-12.06M
Net Income to Common Excl. Extra Items	-12.01M	-3.36M	-18.64M	-15.09M	-12.06M
Per Share Items
Net EPS - Basic	-0.01	-0	-0.01	-0.01	-0.01
Basic EPS - Continuing Operations	-0.01	-0	-0.01	-0.01	-0.01
Basic Weighted Average Shares Outstanding	2.04B	2.04B	2.04B	2.04B	2.04B
Net EPS - Diluted	-0.01	-0	-0.01	-0.01	-0.01
Diluted EPS - Continuing Operations	-0.01	-0	-0.01	-0.01	-0.01
Diluted Weighted Average Shares Outstanding	2.04B	2.04B	2.04B	2.04B	2.04B
Normalized Basic EPS	-0	-0	-0	-0	-0
Normalized Diluted EPS	-0	-0	-0	-0	-0
Supplemental Items
EBITDA	-402K	3.47M	-2.07M	-4.54M	-2.27M
EBITA	-4.19M	-180K	-8.32M	-10.51M	-8.29M
EBIT	-4.19M	-180K	-8.32M	-10.51M	-8.29M
EBITDAR	-402K	-	-	-	-
Effective Tax Rate - (Ratio)	-66.48	21.96	4.87	0.54	6.85
Deferred Domestic Taxes	4.8M	-946K	-	-	-887K
Total Deferred Taxes	4.8M	-946K	-954K	-81.21K	-887K
Normalized Net Income	-4.51M	-2.69M	-7.86M	-9.48M	-8.09M
Interest on Long-Term Debt	-	-	-	-	4.23M
Non-Cash Pension Expense	185K	426K	455K	451K	127K
Supplemental Operating Expense Items
Advertising Expense	46.46K	32.51K	33.5K	208K	172K
Marketing Expenses	9.85K	-	-	-	-
Selling and Marketing Expenses	441K	266K	625K	686K	805K
General and Administrative Expenses	4.46M	4.81M	5.04M	4.22M	4.57M
Net Rental Expense, Total	271	-	-	-	-
Imputed Operating Lease Interest Expense	136	-	-	-	-
Imputed Operating Lease Depreciation	135	-	-	-	-

Fiscal Period: September	2018	2019	2020	2021	2022
Assets
Cash And Equivalents	284K	1.07M	623K	1.15M	810K
Short Term Investments	-	-	2.48M	2.64M	-
Total Cash And Short Term Investments	284K	1.07M	3.1M	3.8M	810K
Accounts Receivable, Total	6.82M	2.37M	568K	8.27M	4.44M
Other Receivables	1.73M	5.26M	616K	661K	509K
Total Receivables	8.54M	7.63M	1.18M	8.93M	4.95M
Inventory	5.64M	8.23M	20.82M	26.79M	17.67M
Prepaid Expenses	129K	105K	5.19M	435K	529K
Other Current Assets, Total	1.43M	2.08M	-	-	2.71M
Total Current Assets	16.03M	19.12M	30.3M	39.95M	26.67M
Gross Property Plant And Equipment	130M	127M	128M	132M	133M
Accumulated Depreciation	-21.29M	-	-6.25M	-12.23M	-18.25M
Net Property Plant And Equipment	108M	127M	122M	120M	114M
Total Assets	124M	146M	153M	160M	141M
Liabilities
Accounts Payable, Total	6.34M	3.74M	70.7M	84.99M	16.03M
Short-term Borrowings	1.52M	956K	1.24M	1.19M	1.93M
Current Portion of Long-Term Debt	26.52M	47.34M	43.35M	39.36M	46.76M
Current Income Taxes Payable	-	-	22.31M	16.36M	19.14M
Other Current Liabilities	17.76M	22.35M	1.52M	11.19M	12.15M
Total Current Liabilities	52.13M	74.38M	139M	153M	96.01M
Long-Term Debt	30.86M	14.51M	25.44M	33.56M	1.99M
Pension & Other Post Retirement Benefits	1.38M	3.2M	3.66M	4.1M	2.87M
Deferred Tax Liability Non Current	18.42M	20.69M	22.45M	18.87M	17.9M
Other Non Current Liabilities	55.55M	55.55M	-	-	-
Total Liabilities	158M	168M	191M	210M	119M
Preferred Stock Redeemable	71	71	71	71	71
Total Preferred Equity	71	71	71	71	71
Common Stock, Total	26.07M	26.07M	26.07M	26.07M	26.07M
Retained Earnings	-109M	-111M	-128M	-142M	-151M
Comprehensive Income and Other	49.46M	62.8M	64.08M	66.15M	147M
Total Common Equity	-33.92M	-22.4M	-38.16M	-49.59M	22.19M
Total Equity	-33.92M	-22.4M	-38.16M	-49.59M	22.19M
Total Liabilities And Equity	124M	146M	153M	160M	141M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.04B	2.04B	2.04B	2.04B	2.04B
ECS Total Common Shares Outstanding	-	2.04B	-	2.04B	2.04B
Book Value / Share	-0.02	-0.01	-0.02	-0.02	0.01
Tangible Book Value	-33.92M	-22.4M	-38.16M	-49.59M	22.19M
Tangible Book Value Per Share	-0.02	-0.01	-0.02	-0.02	0.01
Total Debt	58.89M	62.8M	70.03M	74.11M	50.68M
Net Debt	58.61M	61.73M	66.93M	70.32M	49.87M
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.38M	3.2M	3.66M	4.1M	2.87M
Debt Equivalent Oper. Leases	2.17K	-	-	-	-
Account Code - Inventory Valuation	-	5	-	5	5
Inventories - Raw Materials, Total	2.73M	3.62M	3.15M	9.93M	3.63M
Inventories - Work In Process, Total	-	-	-	1.82M	80.36K
Inventories - Finished Goods, Total	1.5M	3.06M	16.12M	13.46M	12.23M
Inventories - Others	1.42M	1.55M	1.68M	1.65M	1.8M
Land - (BS)	47.27M	37.24M	37.24M	37.24M	37.24M
Buildings, Total	562K	414K	414K	414K	414K
Machinery, Total	81.83M	86.81M	89.94M	90.83M	90.92M
Full Time Employees	-	259	-	277	275
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	1.24M	1.63M	1.1M

Fiscal Period: September	2018	2019	2020	2021	2022
Net Income	-12.01M	-3.36M	-18.64M	-15.09M	-12.06M
Depreciation & Amortization - CF	3.79M	3.65M	6.25M	5.98M	6.02M
Depreciation & Amortization, Total	3.79M	3.65M	6.25M	5.98M	6.02M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Provision and Write-off of Bad Debts	165K	419K	380K	392K	-534K
Other Operating Activities, Total	5.29M	708K	9.4M	5.11M	2.47M
Change In Accounts Receivable	-5.5M	-236K	2.43M	-8.42M	3.88M
Change In Inventories	-183K	-2.59M	-12.67M	-5.9M	9.11M
Change In Accounts Payable	6.03M	2.13M	12.9M	18M	-9.22M
Change in Other Net Operating Assets	169K	450K	-1.45M	4.76M	-93.34K
Cash from Operations	-2.26M	1.17M	-1.4M	4.83M	-416K
Capital Expenditure	-153K	-2.6M	-1.65M	-3.86M	-224K
Sale of Property, Plant, and Equipment	-	-	-	-	-
Other Investing Activities, Total	52.5K	6.06K	60.7K	-	-
Cash from Investing	-101K	-2.59M	-1.59M	-3.86M	-224K
Long-Term Debt Issued, Total	-	1.82M	2.34M	186K	366K
Total Debt Issued	-	1.82M	2.34M	186K	366K
Long-Term Debt Repaid, Total	-	-	-	-371K	-623K
Total Debt Repaid	-	-	-	-371K	-623K
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-	1.82M	2.34M	-185K	-257K
Foreign Exchange Rate Adjustments	1.29M	958K	662K	-38.23K	-121K
Net Change in Cash	-1.07M	1.35M	11.58K	742K	-1.02M
Supplemental Items
Cash Interest Paid	1.97M	1.86M	1.41M	376K	574K
Cash Income Tax Paid (Refund)	3.26K	3.02K	-	11.08K	1.94K
Levered Free Cash Flow	-56.41M	-2.24M	55.78M	1.59M	-57.49M
Unlevered Free Cash Flow	-54.03M	621K	58.69M	4.6M	-54.32M
Change In Net Working Capital	55.04M	315K	-59.29M	-9.06M	54.94M
Net Debt Issued / Repaid	-	1.82M	2.34M	-185K	-257K

Fiscal Period: September	2018	2019	2020	2021	2022
Profitability
Return on Assets	-2.12	-0.08	-3.49	-4.21	-3.44
Return on Total Capital	-8.79	-0.34	-14.4	-23.31	-10.64
Return On Equity %	38.54	11.94	61.57	34.39	88.05
Return on Common Equity	38.54	11.94	61.57	34.39	88.05
Margin Analysis
Gross Profit Margin %	2.79	16.78	-22.22	-11.94	-8.91
SG&A Margin	17.35	17.86	41.54	13.11	12.36
EBITDA Margin %	-1.42	12.2	-15.18	-10.84	-5.22
EBITA Margin %	-14.82	-0.63	-61	-25.13	-19.07
EBIT Margin %	-14.82	-0.63	-61	-25.13	-19.07
Income From Continuing Operations Margin %	-42.5	-11.82	-136.62	-36.07	-27.73
Net Income Margin %	-42.5	-11.82	-136.62	-36.07	-27.73
Net Avail. For Common Margin %	-42.5	-11.82	-136.62	-36.07	-27.73
Normalized Net Income Margin	-15.95	-9.47	-57.61	-22.66	-18.6
Levered Free Cash Flow Margin	-199.58	-7.87	408.79	3.79	-132.18
Unlevered Free Cash Flow Margin	-191.15	2.19	430.09	11.01	-124.91
Asset Turnover
Asset Turnover	0.23	0.21	0.09	0.27	0.29
Fixed Assets Turnover	0.26	0.24	0.11	0.35	0.37
Receivables Turnover (Average Receivables)	6.52	6.19	9.29	9.47	6.84
Inventory Turnover (Average Inventory)	4.95	3.41	1.15	1.97	2.13
Short Term Liquidity
Current Ratio	0.31	0.26	0.22	0.26	0.28
Quick Ratio	0.17	0.12	0.03	0.08	0.06
Operating Cash Flow to Current Liabilities	-0.04	0.02	-0.01	0.03	-0
Days Sales Outstanding (Average Receivables)	55.97	58.97	39.41	38.54	53.34
Days Outstanding Inventory (Average Inventory)	73.75	106.99	318.78	185.55	171.32
Average Days Payable Outstanding	424.69	70.07	465.36	538.24	482.03
Cash Conversion Cycle (Average Days)	-294.98	95.89	-107.17	-314.15	-257.37
Long Term Solvency
Total Debt/Equity	-173.62	-280.37	-183.5	-149.46	228.35
Total Debt / Total Capital	235.83	155.44	219.77	302.19	69.54
LT Debt/Equity	-90.98	-64.77	-66.66	-67.67	8.95
Long-Term Debt / Total Capital	123.57	35.91	79.83	136.83	2.72
Total Liabilities / Total Assets	127.26	115.35	125.02	130.98	84.26
EBIT / Interest Expense	-1.1	-0.04	-1.79	-2.18	-1.64
EBITDA / Interest Expense	-0.11	0.76	-0.45	-0.94	-0.45
(EBITDA - Capex) / Interest Expense	-0.15	0.19	-0.8	-1.74	-0.49
Total Debt / EBITDA	-146.36	18.1	-33.8	-16.34	-22.33
Net Debt / EBITDA	-145.65	17.79	-32.3	-15.5	-21.97
Total Debt / (EBITDA - Capex)	-105.98	72.24	-18.8	-8.82	-20.32
Net Debt / (EBITDA - Capex)	-105.47	71.01	-17.97	-8.37	-20
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	91.2	0.6	-52.01	206.58	3.95
Gross Profit, 1 Yr. Growth %	-310.22	505.25	-163.55	64.67	-22.41
EBITDA, 1 Yr. Growth %	-69.08	-962.14	-159.73	118.96	-49.97
EBITA, 1 Yr. Growth %	-20.43	-95.69	4.51K	26.3	-21.14
EBIT, 1 Yr. Growth %	-20.43	-95.69	4.51K	26.3	-21.14
Earnings From Cont. Operations, 1 Yr. Growth %	62.68	-72.01	454.49	-19.06	-20.08
Net Income, 1 Yr. Growth %	62.68	-72.01	454.49	-19.06	-20.08
Normalized Net Income, 1 Yr. Growth %	-19.29	-40.29	191.95	20.61	-14.66
Diluted EPS Before Extra, 1 Yr. Growth %	47.5	-72.05	454.7	-19.07	-20.09
Accounts Receivable, 1 Yr. Growth %	268.11	-65.23	-76.02	1.35K	-46.24
Inventory, 1 Yr. Growth %	3.36	45.82	153.06	28.64	-34.02
Net Property, Plant and Equip., 1 Yr. Growth %	-3.24	17	-3.63	-1.73	-4.83
Total Assets, 1 Yr. Growth %	0.97	17.29	4.51	4.94	-11.92
Tangible Book Value, 1 Yr. Growth %	19.39	-33.96	70.37	29.93	-144.76
Common Equity, 1 Yr. Growth %	19.39	-33.96	70.37	29.93	-144.76
Cash From Operations, 1 Yr. Growth %	-183.2	-151.82	-219.78	-444.31	-108.62
Capital Expenditures, 1 Yr. Growth %	-78.79	1.6K	-36.44	133.71	-94.2
Levered Free Cash Flow, 1 Yr. Growth %	-5.58K	-96.03	-2.59K	-97.16	-3.72K
Unlevered Free Cash Flow, 1 Yr. Growth %	-1.66K	-101.15	9.34K	-92.15	-1.28K
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	45.44	38.69	-30.52	21.3	78.52
Gross Profit, 2 Yr. CAGR %	-32.18	256.7	96.12	2.29	13.03
EBITDA, 2 Yr. CAGR %	-62.51	63.28	126.93	14.36	4.67
EBITA, 2 Yr. CAGR %	-22.78	-81.49	40.96	663.44	-0.2
EBIT, 2 Yr. CAGR %	-22.78	-81.49	40.96	663.44	-0.2
Earnings From Cont. Operations, 2 Yr. CAGR %	14.85	-32.52	24.58	111.85	-19.57
Net Income, 2 Yr. CAGR %	14.85	-32.52	24.58	111.85	-19.57
Normalized Net Income, 2 Yr. CAGR %	-18.77	-30.58	32.03	87.65	1.45
Diluted EPS Before Extra, 2 Yr. CAGR %	21.45	-35.79	24.51	111.88	-19.58
Accounts Receivable, 2 Yr. CAGR %	32.59	13.13	-71.13	86.75	179.64
Inventory, 2 Yr. CAGR %	1.26	22.77	92.1	80.42	-7.87
Net Property, Plant and Equip., 2 Yr. CAGR %	-3.03	6.4	6.18	-2.68	-3.29
Total Assets, 2 Yr. CAGR %	-0.62	8.82	10.72	4.72	-3.86
Tangible Book Value, 2 Yr. CAGR %	25.47	-11.2	6.07	48.79	-23.74
Common Equity, 2 Yr. CAGR %	25.47	-11.2	6.07	48.79	-23.74
Cash From Operations, 2 Yr. CAGR %	-11.47	-34.34	-21.22	103.08	-45.54
Capital Expenditures, 2 Yr. CAGR %	17.14	89.68	228.33	21.88	-63.18
Levered Free Cash Flow, 2 Yr. CAGR %	363.76	47.47	-0.56	-15.79	1.52
Unlevered Free Cash Flow, 2 Yr. CAGR %	225.92	-57.58	4.22	172.19	-3.79
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0.46	28.63	-2.63	13.96	15.22
Gross Profit, 3 Yr. CAGR %	12.61	40.67	100.71	85.02	-6.71
EBITDA, 3 Yr. CAGR %	-3.53	6.61	16.78	124.24	-13.18
EBITA, 3 Yr. CAGR %	2.39	-70.5	16.49	35.89	258.22
EBIT, 3 Yr. CAGR %	2.39	-70.5	16.49	35.89	258.22
Earnings From Cont. Operations, 3 Yr. CAGR %	5.15	-28.26	36.17	7.9	53.07
Net Income, 3 Yr. CAGR %	5.15	-28.26	36.17	7.9	53.07
Normalized Net Income, 3 Yr. CAGR %	-2.79	-26.69	12.05	28.11	44.31
Diluted EPS Before Extra, 3 Yr. CAGR %	5.67	-25.57	31.75	7.86	53.09
Accounts Receivable, 3 Yr. CAGR %	-2.63	-15.13	-32.55	6.64	23.31
Inventory, 3 Yr. CAGR %	-9.71	14.35	56.24	68.06	29.02
Net Property, Plant and Equip., 3 Yr. CAGR %	-3.15	3.23	2.94	3.48	-3.4
Total Assets, 3 Yr. CAGR %	-2.89	5.02	7.37	8.76	-1.15
Tangible Book Value, 3 Yr. CAGR %	39.89	1.3	10.34	13.5	-0.31
Common Equity, 3 Yr. CAGR %	39.89	1.3	10.34	13.5	-0.31
Cash From Operations, 3 Yr. CAGR %	-15.84	-25.95	-19.77	28.81	-29.17
Capital Expenditures, 3 Yr. CAGR %	-27.02	185.5	31.75	193.16	-55.83
Levered Free Cash Flow, 3 Yr. CAGR %	199.92	-5.17	278.52	-69.59	195.1
Unlevered Free Cash Flow, 3 Yr. CAGR %	127.64	-50.38	157.1	-55.99	343.8
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-14.03	-4.82	-13.32	25.64	24.09
Gross Profit, 5 Yr. CAGR %	0.53	183.07	40.59	23.84	59.52
EBITDA, 5 Yr. CAGR %	-38.91	-13.29	35.83	9.65	11.77
EBITA, 5 Yr. CAGR %	-13.88	-56.89	16.35	8.39	9.51
EBIT, 5 Yr. CAGR %	-13.88	-56.89	16.35	8.39	9.51
Earnings From Cont. Operations, 5 Yr. CAGR %	0.4	-27.05	12.53	10.63	10.31
Net Income, 5 Yr. CAGR %	0.4	-27.05	12.53	10.63	10.31
Normalized Net Income, 5 Yr. CAGR %	-9.33	-23.34	9.87	6.77	7.69
Diluted EPS Before Extra, 5 Yr. CAGR %	-0.33	-27.08	12.84	13.1	8.14
Accounts Receivable, 5 Yr. CAGR %	-4.49	-18.67	-40.12	16.35	19.14
Inventory, 5 Yr. CAGR %	-21.43	-7.28	22.12	37.23	26.48
Net Property, Plant and Equip., 5 Yr. CAGR %	-3.27	0.57	0.48	0.82	0.4
Total Assets, 5 Yr. CAGR %	-5.06	0.32	2.34	4.9	2.73
Tangible Book Value, 5 Yr. CAGR %	3.73	12.7	25.23	18.14	-4.82
Common Equity, 5 Yr. CAGR %	3.73	12.7	25.23	18.14	-4.82
Cash From Operations, 5 Yr. CAGR %	-18.93	-26.49	-18.03	10.86	-31.29
Capital Expenditures, 5 Yr. CAGR %	-30.47	53.46	33.18	103.11	-20.88
Levered Free Cash Flow, 5 Yr. CAGR %	57.63	-20.46	92.85	-9.57	123.6
Unlevered Free Cash Flow, 5 Yr. CAGR %	47.83	-42.22	66.55	-1.97	73.52