NASDAQ : LKFT
Lakefront Biotherapeutics NV — Financial statements
Belgium
Last price 32.23 USD (Oct 30, 2026, 1:55 PM EDT) · Market cap 2.06B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Lakefront Biotherapeutics NV (LKFT) reported revenue of 990.57M EUR (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 990.57M | 1.11B | 275.65M | 239.72M | 241.25M | 234.38M |
| Revenue | 990.57M | 1.11B | 275.65M | 239.72M | 241.25M | 234.38M |
| Cost of Revenue | 320.82M | 489.16M | 370.32M | 241.29M | 269.80M | 320.50M |
| Gross Profit | 669.75M | 623.09M | -94.67M | -1.57M | -28.55M | -86.12M |
| Selling, General & Admin | 141.45M | 141.31M | 133.19M | 130.81M | 138.63M | 131.52M |
| Other Operating Expenses | -41.20M | -53.49M | -40.77M | -47.27M | -36.13M | -46.07M |
| Operating Expenses | 100.25M | 87.81M | 92.42M | 83.54M | 102.51M | 85.45M |
| Operating Income | 569.50M | 535.28M | -187.09M | -85.11M | -131.06M | -171.57M |
| Interest Expense | -857.00K | -1.03M | -911.00K | -1.77M | -6.88M | -11.59M |
| Interest & Investment Income | 49.56M | 46.34M | 89.38M | 79.29M | 18.09M | 2.87M |
| Currency Exchange Gain (Loss) | 34.72M | -45.01M | 22.05M | -21.66M | 44.38M | 56.66M |
| Other Non Operating Income (Expenses) | 1.38M | 22.63M | 995.00K | 134.00K | -2.32M | 2.39M |
| EBT Excluding Unusual Items | 654.30M | 558.20M | -75.58M | -29.12M | -77.78M | -121.25M |
| Merger & Restructuring Charges | -153.81M | -228.11M | ||||
| Gain (Loss) on Sale of Investments | 89.27M | -17.09M | 73.74M | 37.90M | 6.93M | 1.84M |
| Asset Writedown | -15.28M | -15.28M | -1.24M | |||
| Other Unusual Items | 3.15M | 3.15M | -3.15M | |||
| Pretax Income | 577.63M | 300.87M | -3.08M | 5.62M | -70.85M | -119.40M |
| Income Tax Expense | -16.69M | -18.62M | -1.80M | 9.61M | 572.00K | 1.39M |
| Earnings From Continuing Operations | 594.33M | 319.49M | -1.28M | -3.99M | -71.42M | -120.79M |
| Earnings From Discontinued Operations | 2.31M | 1.39M | 75.36M | 215.69M | -146.57M | 17.56M |
| Net Income | 596.64M | 320.88M | 74.08M | 211.70M | -217.99M | -103.23M |
| Net Income to Common | 596.64M | 320.88M | 74.08M | 211.70M | -217.99M | -103.23M |
| Shares Outstanding (Basic) | 65.89M | 65.90M | 65.90M | 65.88M | 65.70M | 65.50M |
| Shares Outstanding (Diluted) | 65.93M | 65.90M | 65.94M | 65.93M | 65.70M | 65.50M |
| EPS (Basic) | 9.05 | 4.87 | 1.12 | 3.21 | -3.32 | -1.58 |
| EPS (Diluted) | 9.05 | 4.87 | 1.12 | 3.21 | -3.32 | -1.58 |
| Free Cash Flow | -231.51M | -271.16M | -336.75M | -424.68M | -527.93M | -558.03M |
| Free Cash Flow Per Share | -3.51 | -4.12 | -5.11 | -6.44 | -8.04 | -8.52 |
| Gross Margin | 67.61% | 56.02% | -34.34% | -0.66% | -11.83% | -36.74% |
| Operating Margin | 57.49% | 48.13% | -67.87% | -35.50% | -54.32% | -73.20% |
| Profit Margin | 60.23% | 28.85% | 26.88% | 88.31% | -90.36% | -44.04% |
| Free Cash Flow Margin | -23.37% | -24.38% | -122.16% | -177.15% | -218.83% | -238.09% |
| EBITDA | 568.92M | 568.17M | -153.32M | -41.47M | -65.49M | -163.25M |
| EBITDA Margin | 57.43% | 51.08% | -55.62% | -17.30% | -27.15% | -69.65% |
| D&A For EBITDA | -581.00K | 32.89M | 33.78M | 43.64M | 65.57M | 8.31M |
| EBIT | 569.50M | 535.28M | -187.09M | -85.11M | -131.06M | -171.57M |
| EBIT Margin | 57.49% | 48.13% | -67.87% | -35.50% | -54.32% | -73.20% |
| Effective Tax Rate | 170.90% | |||||
| Revenue as Reported | 990.57M | 1.11B | 275.65M | 239.72M | 241.25M | 234.38M |
Balance sheet
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 135.95M | 87.87M | 64.24M | 166.80M | 508.12M | 2.23B |
| Short-Term Investments | 2.10B | 2.91B | 3.05B | 3.52B | 3.59B | 2.47B |
| Cash & Short-Term Investments | 2.24B | 3.00B | 3.12B | 3.68B | 4.09B | 4.70B |
| Accounts Receivable | 23.70M | 9.57M | 32.47M | 17.49M | 28.19M | 91.79M |
| Other Receivables | 32.60M | 43.63M | 55.62M | 48.16M | 49.15M | 36.81M |
| Receivables | 56.30M | 53.20M | 88.09M | 65.66M | 77.34M | 128.60M |
| Inventory | 8.54M | 22.49M | 51.19M | 73.98M | 52.92M | 20.57M |
| Prepaid Expenses | 103.00K | 103.00K | 738.00K | 488.00K | 202.00K | |
| Other Current Assets | 4.97M | 5.61M | 82.49M | 36.72M | 12.03M | 9.30M |
| Total Current Assets | 2.31B | 3.08B | 3.34B | 3.86B | 4.24B | 4.86B |
| Property, Plant & Equipment | 76.89M | 80.66M | 122.90M | 126.32M | 154.25M | 137.51M |
| Long-Term Investments | 73.86M | 46.81M | 253.12M | 13.57M | ||
| Goodwill | 70.01M | 69.56M | 69.81M | |||
| Other Intangible Assets | 750.66M | 848.00K | 157.68M | 119.19M | 136.10M | 48.31M |
| Long-Term Deferred Tax Assets | 134.00K | 195.00K | 1.47M | 1.13M | 1.36M | 4.03M |
| Long-Term Deferred Charges | 7.18M | 8.72M | 10.26M | 11.80M | ||
| Other Long-Term Assets | 140.23M | 177.37M | 183.90M | 157.32M | 125.72M | 129.66M |
| Total Assets | 3.35B | 3.41B | 4.14B | 4.36B | 4.73B | 5.19B |
| Accounts Payable | 66.35M | 32.62M | 64.23M | 134.65M | 133.30M | 134.30M |
| Accrued Expenses | 20.00K | 1.09M | 548.00K | 651.00K | 3.11M | |
| Current Portion of Leases | 1.59M | 1.73M | 3.48M | 4.65M | 7.21M | 7.20M |
| Current Income Taxes Payable | 953.00K | 956.00K | 249.00K | 56.00K | 1.02M | 1.78M |
| Current Unearned Revenue | 33.00K | 32.00K | 232.48M | 256.27M | 365.63M | 419.87M |
| Other Current Liabilities | 1.40M | 117.50M | 33.55M | 32.04M | 14.73M | 204.00K |
| Total Current Liabilities | 70.32M | 152.86M | 335.08M | 428.22M | 522.54M | 566.47M |
| Long-Term Leases | 4.77M | 5.19M | 8.24M | 4.94M | 14.69M | 19.66M |
| Long-Term Unearned Revenue | 838.88M | 1.07B | 1.62B | 1.94B | ||
| Pension & Post-Retirement Benefits | 2.10M | 2.29M | 5.54M | 11.70M | ||
| Long-Term Deferred Tax Liabilities | 20.66M | 23.61M | 20.15M | |||
| Other Long-Term Liabilities | 12.46M | 12.60M | 33.82M | 31.57M | 21.81M | 7.13M |
| Total Liabilities | 87.56M | 170.65M | 1.24B | 1.56B | 2.21B | 2.55B |
| Common Stock | 293.94M | 293.94M | 356.44M | 356.44M | 356.11M | 354.58M |
| Additional Paid-In Capital | 2.74B | 2.74B | 2.74B | 2.74B | 2.74B | 2.73B |
| Retained Earnings | 233.96M | 210.58M | -134.31M | -228.27M | -496.69M | -367.20M |
| Comprehensive Income & Other | 4.82M | -5.64M | -62.19M | -69.60M | -68.95M | -74.41M |
| Shareholders' Equity | 3.26B | 3.24B | 2.90B | 2.80B | 2.53B | 2.64B |
| Total Liabilities & Equity | 3.35B | 3.41B | 4.14B | 4.36B | 4.73B | 5.19B |
| Total Debt | 6.36M | 6.92M | 11.72M | 9.60M | 21.90M | 26.86M |
| Net Cash (Debt) | 2.23B | 2.99B | 3.11B | 3.67B | 4.07B | 4.68B |
| Net Cash Per Share | 33.87 | 45.39 | 47.10 | 55.74 | 61.98 | 71.39 |
| Filing Date Shares Outstanding | 65.66M | 65.90M | 65.90M | 65.90M | 65.84M | 65.65M |
| Total Common Shares Outstanding | 65.66M | 65.90M | 65.90M | 65.90M | 65.84M | 65.55M |
| Working Capital | 2.24B | 2.93B | 3.00B | 3.43B | 3.71B | 4.30B |
| Book Value Per Share | 49.71 | 49.10 | 43.96 | 42.42 | 38.37 | 40.32 |
| Tangible Book Value | 2.51B | 3.24B | 2.67B | 2.61B | 2.32B | 2.60B |
| Tangible Book Value Per Share | 38.28 | 49.09 | 40.51 | 39.56 | 35.24 | 39.59 |
| Land | 84.99M | 86.01M | 90.70M | 88.72M | 26.13M | |
| Machinery | 37.92M | 56.75M | 49.03M | 67.28M | 54.10M |
Cash flow statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 596.64M | 320.88M | 74.08M | 211.70M | -217.99M | -103.23M |
| Depreciation & Amortization | 3.34M | 36.81M | 38.33M | 43.64M | 65.57M | 16.24M |
| Other Amortization | 3.79M | 3.79M | 5.92M | 5.07M | ||
| Loss (Gain) From Sale of Assets | -1.06M | -1.06M | -52.48M | -1.09M | -23.00K | |
| Asset Writedown & Restructuring Costs | 243.39M | 243.39M | 1.24M | 13.33M | ||
| Loss (Gain) From Sale of Investments | -66.63M | 50.74M | -49.98M | -22.30M | -6.93M | 4.80M |
| Stock-Based Compensation | 18.12M | 24.00M | 17.68M | 36.63M | 88.51M | 70.73M |
| Provision & Write-off of Bad Debts | -9.64M | -9.64M | 9.64M | |||
| Other Operating Activities | -98.86M | -2.50M | -46.12M | -2.20M | -50.20M | -58.18M |
| Change in Accounts Receivable | 86.59M | 86.59M | -31.05M | -39.11M | 68.98M | 79.86M |
| Change in Inventory | 28.85M | 28.85M | 23.04M | -24.08M | -34.59M | -21.17M |
| Change in Unearned Revenue | -954.03M | -1.07B | -255.51M | -661.06M | -383.62M | -453.72M |
| Change in Other Net Operating Assets | -77.39M | 32.02M | -57.03M | 31.82M | -30.25M | -35.35M |
| Operating Cash Flow | -226.91M | -257.46M | -320.03M | -405.97M | -500.54M | -503.83M |
| Capital Expenditures | -4.61M | -13.70M | -16.72M | -18.71M | -27.39M | -54.20M |
| Sale of Property, Plant & Equipment | 2.86M | 462.00K | 3.00K | 2.43M | 739.00K | |
| Cash Acquisitions | -733.52M | -7.00M | -115.27M | |||
| Divestitures | 13.81M | 19.43M | -8.95M | 28.70M | ||
| Sale (Purchase) of Intangibles | -155.00K | -65.39M | -567.00K | -9.56M | -3.67M | |
| Investment in Securities | 943.13M | 219.59M | 282.15M | 80.27M | -1.09B | 570.41M |
| Other Investing Activities | 70.67M | 83.19M | 29.50M | 14.77M | -7.00M | 11.00K |
| Investing Cash Flow | 292.28M | 288.81M | 220.60M | 71.19M | -1.25B | 541.24M |
| Long-Term Debt Repaid | -3.27M | -4.92M | -6.77M | -8.18M | -7.19M | |
| Lease Payments | -3.24M | -3.27M | -4.92M | -6.77M | -8.18M | -7.19M |
| Net Debt Issued (Repaid) | -3.24M | -3.27M | -4.92M | -6.77M | -8.18M | -7.19M |
| Issuance of Common Stock | 1.77M | 6.70M | 3.31M | |||
| Financing Cash Flow | -6.11M | -3.27M | -4.92M | -5.00M | -1.49M | -3.88M |
| Foreign Exchange Rate Adjustments | 5.03M | -4.46M | 1.78M | -1.52M | 22.29M | 56.76M |
| Miscellaneous Cash Flow Adjustments | 1.00K | -1.00K | ||||
| Net Cash Flow | 64.28M | 23.63M | -102.57M | -341.31M | -1.73B | 90.30M |
| Free Cash Flow | -231.51M | -271.16M | -336.75M | -424.68M | -527.93M | -558.03M |
| Free Cash Flow Margin | -23.37% | -24.38% | -122.16% | -177.15% | -218.83% | -238.09% |
| Free Cash Flow Per Share | -3.51 | -4.12 | -5.11 | -6.44 | -8.04 | -8.52 |
| Levered Free Cash Flow | 138.21M | 344.64M | -274.43M | -119.36M | -23.64M | -119.32M |
| Unlevered Free Cash Flow | 138.74M | 345.29M | -273.86M | -118.26M | -19.34M | -112.07M |
| Free Cash Flow After Leases | -234.75M | -274.43M | -341.67M | -431.45M | -536.12M | -565.22M |
| Cash Interest Paid | 287.00K | 464.00K | 689.00K | 3.81M | 12.46M | 12.54M |
| Cash Income Tax Paid | 955.00K | 372.00K | -406.00K | 8.17M | 4.43M | 684.00K |
| Change in Working Capital | -915.98M | -923.86M | -320.55M | -692.43M | -379.47M | -430.38M |
Ratios
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.07B | 2.17B | 1.81B | 2.69B | 2.91B | 3.67B |
| Enterprise Value | -426.24M | -1.41B | -1.64B | -1.50B | -1.73B | -1.84B |
| Last Close Price | 32.28 | 32.70 | 27.50 | 40.65 | 44.38 | 55.13 |
| PE Ratio | 3.19 | 5.75 | 23.59 | 11.51 | ||
| PS Ratio | 1.83 | 1.66 | 6.34 | 10.17 | 11.28 | 13.77 |
| PB Ratio | 0.55 | 0.57 | 0.60 | 0.87 | 1.08 | 1.22 |
| P/TBV Ratio | 0.72 | 0.57 | 0.66 | 0.94 | 1.17 | 1.24 |
| Debt / Equity Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| Debt / EBITDA Ratio | 0.01 | 0.01 | ||||
| Net Debt / Equity Ratio | -0.68 | -0.92 | -1.07 | -1.31 | -1.61 | -1.77 |
| Net Debt / EBITDA Ratio | -3.92 | -5.26 | 20.26 | 88.61 | 62.18 | 28.64 |
| Net Debt / FCF Ratio | 9.65 | 11.03 | 9.22 | 8.65 | 7.71 | 8.38 |
| Asset Turnover | 0.28 | 0.29 | 0.07 | 0.05 | 0.05 | 0.04 |
| Inventory Turnover | 15.15 | 13.28 | 5.92 | 3.80 | 7.34 | 30.64 |
| Quick Ratio | 32.65 | 19.96 | 9.57 | 8.76 | 7.98 | 8.53 |
| Current Ratio | 32.84 | 20.14 | 9.97 | 9.02 | 8.11 | 8.58 |
| Return on Equity (ROE) | 20.12% | 10.42% | -0.04% | -0.15% | -2.76% | -4.55% |
| Return on Assets (ROA) | 9.93% | 8.87% | -2.75% | -1.17% | -1.65% | -1.97% |
| Return on Invested Capital (ROIC) | 87.08% | 218.72% | ||||
| Return on Capital Employed (ROCE) | 17.40% | 16.50% | -4.90% | -2.20% | -3.10% | -3.70% |
| Earnings Yield | 31.36% | 17.39% | 4.24% | 8.69% | -8.01% | -3.20% |
| FCF Yield | -12.53% | -14.70% | -19.27% | -17.42% | -19.39% | -17.29% |
| Buyback Yield / Dilution | -0.05% | 0.06% | -0.01% | -0.36% | -0.30% | -0.65% |