Malaga Financial Corporation (MLGF)
Malaga Financial Corporation serves as the parent company for Malaga Bank, offering a full spectrum of community banking products and services tailored for both individual and business customers. Its diverse range of deposit options includes checking, savings, NOW, and money market accounts, in addition to certificates of deposit and demand deposits. The institution also provides various lending solutions, such as commercial real estate, land acquisition, business financing, consumer, and personal loans, alongside single and multi-family residential mortgage options. Furthermore, Malaga Bank delivers numerous supplementary services, including coupon and U.S. savings bond redemption, direct deposit, overdraft lines of credit, telephone transfers, and wire transfer capabilities. Customers can also access ATM and VISA debit cards, bank by mail, medallion signature guarantee, night depository services, notary publics, secure safe deposit boxes, and trust deed note collection. For digital convenience, the company offers comprehensive online banking, featuring bill payment, electronic statements, and mobile banking applications. As of December 31, 2021, Malaga Financial Corporation maintained five branch offices across Palos Verdes Estates, Rolling Hills Estates, Torrance, and San Pedro, California. The company was founded in 2002 and is headquartered in Palos Verdes Estates, California.
Sector: Banks - Regional
Industry: Banks - Regional
Malaga Financial Corporation
OTC:MLGFFinancial Services · Banks - Regional
+0.36%$22.45
Mkt Cap$222.14M
Float9.85M
O/S9.89M
Inst Own-
SI<0.1%
Div Yield4.45%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$69.46M
Net Income$21.55M
Total Assets$1.43B
Free Cash Flow$24.27M
Debt & Equity
Debt 54%
Equity 46%
Total Debt$263.4M
Total Equity$222.87M
Shares Outstanding
Short Interest
Split History9 splits
- 1.1:1Forward splitDec 19, 20251 share → 1.1
- 1.1:1Forward splitDec 20, 20241 share → 1.1
- 1.1:1Forward splitDec 14, 20231 share → 1.1
- 1.1:1Forward splitDec 15, 20221 share → 1.1
- 1.1:1Forward splitDec 16, 20211 share → 1.1
- 1.1:1Forward splitDec 11, 20201 share → 1.1
- 1.1:1Forward splitDec 12, 20191 share → 1.1
- 1.1:1Forward splitDec 13, 20181 share → 1.1
Balance Sheet Details
Assets$1.43B
Liabilities$1.21B
Accounts Receivable$0
Accounts Payable$692K
Inventory$0
PP&E (Net)$16.73M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 |
| Revenue | $69.46M | $69.62M | $68.75M | $53.76M | $49.2M | $49.09M | $46.38M | $41.56M | $38.32M | $37.29M | $37.67M | $30.22M | $37.45M | $39.81M | $42.16M | $43.42M | $43.37M | $44.54M | $45.96M | $39.14M | $23.47M | $24.36M | $21.92M | $22.71M |
| YoY Growth | -0.2% | 1.3% | 27.9% | 9.2% | 0.2% | 5.8% | 11.6% | 8.5% | 2.8% | -1.0% | 24.6% | -19.3% | -5.9% | -5.6% | -2.9% | 0.1% | -2.6% | -3.1% | 17.4% | 66.8% | -3.7% | 11.1% | -3.5% | - |
| Cost of Revenue | $24.2M | $24.36M | $21.84M | $10M | $8.79M | $10.67M | $12.44M | $8.16M | $5.29M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $23.11M | $11.46M | $9.23M | $7.89M | $9.39M |
| Gross Profit | $45.26M | $45.26M | $46.91M | $43.73M | $40.42M | $38.42M | $33.94M | $33.4M | $33.03M | $37.29M | $37.67M | $30K | $30K | $0 | $0 | $0 | $0 | $0 | $0 | $16.03M | $12.01M | $15.13M | $14.04M | $13.32M |
| Gross Margin | 65.2% | 65.0% | 68.2% | 81.3% | 82.1% | 78.3% | 73.2% | 80.4% | 86.2% | 100.0% | 100.0% | 0.1% | 0.1% | - | - | - | - | - | - | 40.9% | 51.2% | 62.1% | 64.0% | 58.7% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $8.37M | $2.29M | $2.53M | $2.56M | $2.25M | $2.25M | $2.14M | $2.2M | $2.18M | $11.04M | $10.75M | $10.43M | $10.03M | $0 | $0 | $0 | $0 | $0 | $0 | $4.39M | $3.58M | $0 | $2.79M | $2.79M |
| Other | $6.45M | $11.02M | $11.75M | $10.85M | $10.34M | $10.2M | $9.99M | $9.8M | $9.49M | -$3.97M | -$4.68M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.28M | $2.02M | $5.96M | $2.94M | $2.44M |
| Total Operating Expenses | $14.82M | $13.31M | $14.28M | $13.41M | $12.59M | $12.45M | $12.13M | $12M | $11.68M | $11.04M | $10.75M | $10.87M | $10.44M | $0 | $0 | $0 | $0 | $0 | $0 | $6.67M | $5.61M | $5.96M | $5.73M | $5.23M |
| Operating Income (EBIT) | $30.5M | $31.95M | $32.63M | $30.34M | $27.83M | $25.97M | $21.81M | $21.4M | $21.35M | $20.16M | $20.16M | $19.8M | $20.17M | $20.2M | $19.17M | $17.8M | $16.06M | $12M | $10.02M | $9.35M | $6.4M | $9.17M | $8.31M | $8.1M |
| Operating Margin | 43.9% | 45.9% | 47.5% | 56.4% | 56.6% | 52.9% | 47.0% | 51.5% | 55.7% | 54.1% | 53.5% | 65.5% | 53.9% | 50.7% | 45.5% | 41.0% | 37.0% | 26.9% | 21.8% | 23.9% | 27.3% | 37.6% | 37.9% | 35.6% |
| Interest Expense | $24.2M | $24.36M | $21.84M | $10M | $8.79M | $10.67M | $12.44M | $8.16M | $5.29M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $22.8M | $11.11M | $9.46M | $8.03M | $9.17M |
| Interest Income | $68.5M | $68.67M | $67.77M | $52.85M | $48.34M | $48.31M | $45.51M | $40.74M | $37.55M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $38.81M | $22.95M | $23.5M | $20.3M | $21.63M |
| Other Income (Expense) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$397K | -$478K | -$443K | -$410K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $30.5M | $31.95M | $32.63M | $30.34M | $27.83M | $25.97M | $21.81M | $21.4M | $21.35M | $19.77M | $19.68M | $19.35M | $19.76M | $20.2M | $19.17M | $17.8M | $16.06M | $12M | $10.02M | $9.35M | $6.4M | $9.17M | $8.31M | $8.1M |
| Income Tax Expense | $8.94M | $9.3M | $9.64M | $8.99M | $8.23M | $7.63M | $6.42M | $6.09M | $7.85M | $8.21M | $8.28M | $8.14M | $8.26M | $8.51M | $8.06M | $7.31M | $6.56M | $4.93M | $4.05M | $3.77M | $2.52M | $3.77M | $3.42M | $3.34M |
| Net Income | $21.55M | $22.65M | $22.98M | $21.35M | $19.6M | $18.34M | $15.39M | $15.3M | $13.5M | $11.56M | $11.41M | $11.21M | $11.49M | $11.69M | $11.12M | $10.49M | $9.49M | $7.08M | $5.97M | $5.58M | $3.88M | $5.39M | $4.89M | $4.75M |
| Net Income Margin | 31.0% | 32.5% | 33.4% | 39.7% | 39.8% | 37.3% | 33.2% | 36.8% | 35.2% | 31.0% | 30.3% | 37.1% | 30.7% | 29.4% | 26.4% | 24.2% | 21.9% | 15.9% | 13.0% | 14.3% | 16.5% | 22.1% | 22.3% | 20.9% |
| Supplementary Data | ||||||||||||||||||||||||
| EPS | 2.18 | 2.41 | 2.44 | 2.27 | 2.09 | 1.96 | 1.73 | 1.74 | 1.55 | 1.34 | 1.34 | 1.32 | 1.37 | 1.34 | 1.29 | 1.22 | 1.12 | 0.84 | 0.69 | 0.71 | 0.52 | 0.71 | 0.68 | 0.64 |
| Diluted EPS | 2.18 | 2.41 | 2.44 | 2.27 | 2.09 | 1.96 | 1.73 | 1.72 | 1.54 | 1.33 | 1.33 | 1.32 | 1.37 | 1.33 | 1.28 | 1.20 | 1.11 | 0.84 | 0.68 | 0.71 | 0.52 | 0.70 | 0.67 | 0.60 |
| Weighted Average OS | 9.42M | 9.42M | 8.97M | 8.98M | 8.94M | 8.91M | 8.88M | 8.81M | 8.29M | 8.61M | 8.54M | 8.48M | 8.38M | 8.73M | 8.66M | 8.59M | 8.50M | 8.41M | 8.64M | 7.47M | 7.84M | 7.47M | 6.83M | 7.09M |
| EBITDA | $31.25M | $32.62M | $33.29M | $31.1M | $28.57M | $26.33M | $22.16M | $21.7M | $21.65M | $20.07M | $19.33M | $19.7M | $20.13M | $20.2M | $19.17M | $17.8M | $16.06M | $12M | $10.02M | $9.35M | $6.4M | $9.17M | $8.49M | $8.25M |
| EBITDA Margin | 45.0% | 46.9% | 48.4% | 57.9% | 58.1% | 53.6% | 47.8% | 52.2% | 56.5% | 53.8% | 51.3% | 65.2% | 53.7% | 50.7% | 45.5% | 41.0% | 37.0% | 26.9% | 21.8% | 23.9% | 27.3% | 37.6% | 38.7% | 36.3% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 |
| Assets | ||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||
| Cash and Cash Equivalents | $9.82M | $11.17M | $10.71M | $227.39M | $9.9M | $11.68M | $21.54M | $24.04M | $27.51M | $42.65M | $67.19M | $46.98M | $36.58M | $13.73M | $11.38M | $9.28M | $8.02M | $7.25M | $6.41M | $16.48M | $16.87M | $18.64M | $35.39M | $25.86M |
| Short-Term Investments | $0 | $0 | $162.71M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $36.15M | $237K | $472K | $10.39M | $3.06M | $5.99M | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $9.82M | $11.17M | $173.42M | $227.39M | $9.9M | $11.68M | $21.54M | $24.04M | $27.51M | $42.65M | $67.19M | $46.98M | $36.58M | $49.89M | $11.61M | $9.75M | $18.41M | $10.32M | $12.4M | $16.48M | $16.87M | $18.64M | $35.39M | $25.86M |
| Accounts Receivable | $0 | $4.87M | $4.78M | $3.97M | $3.51M | $3.62M | $3.54M | $3.03M | $2.76M | $0 | $0 | $0 | $0 | $2.66M | $2.98M | $2.96M | $3.02M | $3.08M | $3.49M | $3.27M | $2.28M | $2.31M | $1.38M | $1.41M |
| Inventory | $0 | $0 | $0 | -$231.36M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $178.44M | $231.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $9.82M | $16.04M | $356.64M | $231.6M | $13.4M | $15.3M | $25.09M | $27.07M | $30.27M | $68.43M | $83.79M | $46.98M | $36.58M | $52.55M | $14.6M | $12.72M | $21.43M | $13.4M | $15.89M | $19.75M | $19.15M | $20.96M | $36.77M | $27.27M |
| Long-Term Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment Net | $16.73M | $16.97M | $15.95M | $16.52M | $13.95M | $14.58M | $15.24M | $11.59M | $4.68M | $4.93M | $4.94M | $5.2M | $5.41M | $5.59M | $5.71M | $6.06M | $6.29M | $4.41M | $2.37M | $2.07M | $2.09M | $1.94M | $412K | $270K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $4.78M | $3.97M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $1.24B | $1.24B | $1.27B | $9.45M | $1.25B | $1.19B | $1.14B | $991.28M | $953.81M | $19.46M | $11.29M | $0 | $0 | $790.88M | $804.56M | $792.47M | $779.71M | $744.99M | $684.7M | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $2.08M | $0 | $0 | $0 | $0 | $0 | $2.52M | $2.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $171.01M | $140.75M | -$1.25B | $1.28M | $200.6M | $89.04M | $67.94M | $57.62M | $52.31M | $505K | $440K | $895.1M | $844.87M | $2.07M | $2.36M | $2.87M | $3.42M | $1.15M | $1.01M | -$2.07M | -$2.09M | -$1.94M | -$412K | -$270K |
| Total Long-Term Assets | $1.43B | $1.4B | $1.3B | $1.28B | $1.46B | $1.3B | $1.22B | $1.06B | $1.01B | $915.46M | $903.2M | $900.3M | $850.28M | $798.54M | $812.64M | $801.4M | $789.42M | $750.55M | $688.08M | $2.07M | $2.09M | $1.94M | $412K | $270K |
| Other Assets | $0 | $0 | -$181M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $647.92M | $559.3M | $473.23M | $381.85M | $310.12M |
| Total Assets | $1.43B | $1.41B | $1.48B | $1.51B | $1.47B | $1.31B | $1.25B | $1.09B | $1.04B | $983.89M | $986.99M | $947.28M | $886.85M | $851.09M | $827.23M | $814.12M | $810.85M | $763.95M | $703.97M | $669.74M | $580.54M | $496.12M | $419.03M | $337.65M |
| Liabilities | ||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||
| Accounts Payable | $692K | $797K | $890K | $631K | $41K | $36K | $297K | $388K | $363K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.4M | $800K | $3.47M | $158K | $160K |
| Short-Term Debt | $0 | $65.58M | $95.56M | $0 | $0 | $0 | $0 | $0 | $0 | $15M | $18M | $51.9M | $81.89M | $70M | $71.06M | $62M | $44M | $94.21M | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $446K | $411K | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$631K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $936.45M | $866.22M | $755.39M | $808.77M | -$41K | $853.91M | $803.64M | $757.53M | $755.48M | $456.06M | $455.86M | -$52.17M | -$82.15M | $0 | $0 | $0 | $0 | $0 | $0 | -$913K | -$978K | -$3.47M | -$115 | -$160K |
| Total Current Liabilities | $937.14M | $932.6M | $852.73M | $809.4M | $0 | $853.94M | $803.94M | $757.92M | $755.84M | $471.3M | $474.15M | $272K | $263K | $70M | $71.06M | $62M | $44M | $94.21M | $0 | $1.4M | $800K | $3.47M | $158K | $160K |
| Long-Term Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | $263.4M | $258.4M | $238.4M | $303.4M | $278.4M | $293.4M | $288.4M | $188.4M | $152.4M | $103.4M | $93.4M | $76.4M | $69.4M | $83.4M | $121.4M | $153.4M | $204.65M | $241.4M | $299.17M | $251.04M | $208.44M | $161.75M | $145.83M | $94.9M |
| Long-Term Unearned Revenue | $0 | $0 | $179.67M | $0 | $0 | $0 | $0 | $0 | $0 | $296.85M | $300.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $3.9M | $0 | $0 | $0 | $0 | $0 | $0 | $4.96M | $4.79M | $0 | $0 | $2.24M | $2.53M | $2.32M | $2.3M | $2.26M | $2.32M | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $11.56M | $11.3M | $3.94M | $1.02B | $1.03B | $8.57M | $10.68M | $4.99M | $6.83M | $286.89M | $303.64M | $766.65M | $720.37M | $606.19M | $551.4M | $524.62M | $496.9M | $371.54M | $353.85M | -$251.04M | -$208.44M | -$161.75M | -$145.83M | -$94.9M |
| Total Long-Term Liabilities | $274.96M | $269.7M | $428.95M | $1.33B | $1.3B | $301.97M | $299.08M | $193.39M | $159.24M | $395.26M | $401.83M | $842.78M | $789.51M | $691.83M | $675.33M | $680.35M | $703.85M | $615.21M | $655.34M | $251.04M | $208.44M | $161.75M | $145.83M | $94.9M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $366.55M | $326.24M | $292.88M | $240.78M | $215.76M |
| Total Liabilities | $1.21B | $1.2B | $1.28B | $1.33B | $1.3B | $1.16B | $1.1B | $951.31M | $915.08M | $866.55M | $875.98M | $843.06M | $789.77M | $761.83M | $746.4M | $742.35M | $747.85M | $709.41M | $655.34M | $618.99M | $535.48M | $458.1M | $386.77M | $310.82M |
| Stockholders' Equity | ||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $10K | $9K | $9K | $9K | $8K | $8K | $7K | $7K | $7K | $6K | $6K | $6K | $6K | $6K | $6K | $6K | $6K | $6K | $6K | $8.48M | $8.48M | $5K | $5K | $8.07M |
| Retained Earnings | $114.17M | $112.02M | $108.44M | $104.05M | $100.61M | $99.24M | $97.03M | $96.6M | $96.81M | $98.68M | $93.4M | $87.61M | $81.36M | $74.19M | $66.2M | $57.58M | $49.3M | $41.65M | $36.4M | $38.95M | $33.37M | $25.51M | $23.66M | $18.77M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $108.69M | $98.72M | $88.62M | $78.58M | $68.34M | $57.13M | $48.15M | $39.65M | $29.17M | $18.65M | $17.6M | $16.61M | $15.71M | $15.07M | $14.63M | $14.19M | $13.69M | $12.88M | $12.22M | $3.32M | $3.2M | $12.51M | $8.6M | $0 |
| Total Equity | $222.87M | $210.74M | $197.07M | $182.64M | $168.95M | $156.38M | $145.19M | $136.25M | $125.99M | $117.34M | $111.01M | $104.23M | $97.08M | $89.26M | $80.84M | $71.77M | $63M | $54.53M | $48.63M | $50.75M | $45.06M | $38.02M | $32.26M | $26.83M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.43B | $1.41B | $1.48B | $1.51B | $1.47B | $1.31B | $1.25B | $1.09B | $1.04B | $983.89M | $986.99M | $947.28M | $886.85M | $851.09M | $827.23M | $814.12M | $810.85M | $763.95M | $703.97M | $669.74M | $580.54M | $496.12M | $419.03M | $337.65M |
| Supplementary Data | ||||||||||||||||||||||||
| Total Debt | $263.4M | $271.06M | $337M | $303.4M | $278.4M | $293.4M | $288.4M | $188.4M | $152.4M | $103.4M | $111.4M | $128.3M | $151.29M | $153.4M | $192.47M | $215.4M | $248.65M | $335.61M | $299.17M | $251.04M | $208.44M | $161.75M | $145.83M | $94.9M |
| Net Debt | $253.58M | $54.04M | $326.3M | $76.02M | $268.51M | $281.73M | $266.86M | $164.37M | $124.9M | $60.76M | $44.22M | $81.32M | $114.71M | $139.67M | $181.09M | $206.12M | $240.64M | $328.36M | $292.76M | $234.56M | $191.57M | $143.11M | $110.45M | $69.04M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2003 | FY 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2003-12-31 | 2002-12-31 |
| Operating Activities | |||||||||||||||||||||
| Net Income | $21.55M | $22.65M | $22.98M | $21.35M | $19.6M | $18.33M | $15.39M | $15.3M | $13.5M | $11.56M | $11.41M | $11.21M | $11.49M | $11.69M | $11.11M | $10.49M | $9.49M | $7.08M | $5.97M | $4.89M | $4.75M |
| Depreciation & Amortization | $756K | $675K | $667K | $759K | $735K | $357K | $346K | $306K | $303K | $299K | $321K | $348K | $370K | $0 | $0 | $0 | $0 | $0 | $0 | $179K | $157K |
| Deferred Income Tax | $0 | $0 | $0 | $32K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $371K | $103K |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $44K | $15K | $119K | $28K | $47K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||
| Accounts Receivable | $1.34M | -$1.48M | -$841K | -$486K | -$179K | -$43K | -$452K | $641K | -$1.26M | -$14K | $70K | -$118K | $1.29M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $189K | -$22K | -$1.23M | $4.45M | $453K | -$2.12M | $1.84M | -$1.7M | $1.62M | $569K | $313K | $344K | $590K | -$410K | $498K | $1.17M | -$1.93M | $147K | -$236K | $0 | $0 |
| Total Working Capital Change | $1.53M | -$1.5M | -$2.07M | $3.97M | $274K | -$2.17M | $1.39M | -$1.06M | $367K | $555K | $383K | $225K | $1.88M | -$410K | $498K | $1.17M | -$1.93M | $147K | -$236K | $98 | -$374K |
| Other Non-Cash Items | $951K | $649K | $838K | $1.15M | $901K | $888K | $1.3M | $1.55M | $1.26M | $1.94M | $1.45M | $808K | $438K | $683K | $1.38M | $943K | $761K | $236K | -$361K | -$605K | -$226K |
| Net Cash from Operating | $24.79M | $22.48M | $22.41M | $27.26M | $21.51M | $17.41M | $18.42M | $15.48M | $14.83M | $13.75M | $12.92M | $12.62M | $14.23M | $11.96M | $12.99M | $12.61M | $8.32M | $7.46M | $5.37M | $4.83M | $4.41M |
| Investing Activities | |||||||||||||||||||||
| Capital Expenditures | -$520K | -$1.7M | -$88K | -$3.33M | -$101K | -$75K | -$232K | -$7.22M | -$53K | -$291K | -$61K | -$134K | -$190K | -$241K | -$60K | -$229K | -$2.26M | -$2.29M | -$444K | -$311K | -$100K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1K | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$7.1M | -$268K | -$1.24M | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.58M | $13.38M | $1.75M | $634K | $354K | $1.41M | $0 | $0 |
| Other Investing Activities | $896K | $29.36M | -$19.99M | -$6.64M | -$53.27M | -$53.81M | -$150.3M | -$37.88M | -$44.59M | -$20.99M | -$16.76M | -$50.14M | -$44.46M | $10.51M | -$26.18M | -$7.85M | -$35.4M | -$59.42M | -$27.82M | -$82.16M | -$26.7M |
| Net Cash from Investing | $376K | $27.67M | -$20.08M | -$9.98M | -$53.38M | -$53.89M | -$150.54M | -$45.11M | -$44.64M | -$21.28M | -$16.82M | -$50.28M | -$44.65M | $12.85M | -$12.86M | -$13.43M | -$37.29M | -$62.59M | -$26.85M | -$82.48M | -$26.8M |
| Financing Activities | |||||||||||||||||||||
| Debt Repaid | -$5M | $75M | -$30M | -$25M | $15M | -$5M | -$100M | -$36M | -$49M | $8M | $16.9M | $22.98M | $2.12M | $39.06M | $22.93M | $33.25M | $86.96M | -$36.44M | -$34.73M | -$50.94M | -$17.83M |
| Common Stock Issuance | $0 | $0 | $0 | $481K | $698K | $192K | $513K | $1.55M | $1.31M | $1.04M | $720K | $0 | $0 | $320K | $990K | $398K | $729K | $818K | $711K | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$704K | $0 | $0 | -$236K | -$2.94M | $0 | $0 |
| Dividends Paid | -$9.43M | -$8.98M | -$8.55M | -$8.15M | -$7.73M | -$7.33M | -$6.96M | -$6.59M | -$7.74M | -$4.27M | -$6.06M | -$3.29M | -$5.21M | -$3.55M | -$2.36M | -$2.09M | -$1.84M | -$1.82M | -$1.87M | $0 | $0 |
| Other Financing Activities | $4.65M | -$218K | -$77.75M | -$7.43M | $163.29M | $50.26M | $46.12M | $2.05M | $2.33M | -$2.67M | $48.35M | $75.62M | $31.27M | $55.75M | $26.74M | $27.1M | $125.13M | $17.85M | -$5.78M | $24.86M | $10.04M |
| Net Cash from Financing | $226K | -$84.2M | -$56.3M | $9.9M | $141.27M | $48.12M | $139.67M | $33.01M | $44.9M | -$15.41M | $25.35M | $48.88M | $23.94M | $13.46M | $1.73M | -$7.84M | $37.06M | $53.05M | $24.85M | $76.19M | $27.06M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | -$7.54M | $0 | $0 | $0 | $0 | $0 | $0 | -$38.27M | -$1.86M | $8.66M | -$8.1M | $2.08M | -$3.37M | $0 | $0 |
| Net Change in Cash | $25.4M | -$34.05M | -$53.97M | $27.18M | $109.4M | $11.64M | $7.55M | $3.39M | $15.09M | -$22.95M | $21.46M | $11.23M | $43.35M | $0 | $0 | $0 | $0 | $0 | $0 | -$1.45M | $4.67M |
| Supplementary Data | |||||||||||||||||||||
| Operating Cash Flow | $24.79M | $22.48M | $22.41M | $27.26M | $21.51M | $17.41M | $18.42M | $15.48M | $14.83M | $13.75M | $12.92M | $12.62M | $14.23M | $11.96M | $12.99M | $12.61M | $8.32M | $7.46M | $5.37M | $4.83M | $4.41M |
| Capital Expenditure | -$520K | -$1.7M | -$88K | -$3.33M | -$101K | -$75K | -$232K | -$7.22M | -$53K | -$291K | -$61K | -$134K | -$190K | -$241K | -$60K | -$229K | -$2.26M | -$2.29M | -$444K | -$311K | -$100K |
| Free Cash Flow | $24.27M | $20.78M | $22.33M | $23.92M | $21.41M | $17.34M | $18.19M | $8.26M | $14.77M | $13.46M | $12.86M | $12.49M | $14.04M | $11.72M | $12.93M | $12.38M | $6.06M | $5.17M | $4.93M | $4.52M | $4.31M |
| Cash at Beginning | $139.37M | $173.42M | $227.39M | $200.21M | $90.8M | $79.16M | $71.61M | $68.22M | $53.14M | $76.08M | $54.63M | $43.4M | $50K | $0 | $0 | $0 | $0 | $0 | $0 | $10.8M | $6.13M |
| Cash at End | $164.76M | $139.37M | $173.42M | $227.39M | $200.21M | $90.8M | $79.16M | $71.61M | $68.22M | $53.14M | $76.08M | $54.63M | $43.4M | $0 | $0 | $0 | $0 | $0 | $0 | $9.34M | $10.8M |