Archive
All ConradReport.com articles, newest first.
October 2026
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Who paid ROMOTOP's CZK 10.0m interest bill in a year its operations lost money?
ROMOTOP sold more in its latest financial year and still made an operating loss. Its interest bill was therefore not earned by the business but carried by the balance sheet. That matters more than the net …
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Czechia · Transport and logistics
How much of the Czech Nexen plant's return to a net profit of CZK 631m came from tyres?
The Czech arm of Nexen Tire went from a heavy net loss in 2024 to a profit in 2025. Most of that swing happened below the operating line, where interest takes almost all the plant earns. …
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Why did a property group with rising operating profit post a loss of USD 5.2m?
Revenue and operating profit at the US property company both grew in the third quarter of 2026, yet the quarter closed in the red. The gap opened below the operating line, and it shows why a …
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Is a quarterly operating profit of USD 354m a real recovery for Boeing?
Boeing turned an operating loss of USD 4.8bn into a profit of USD 354m in a year in which its sales barely moved. The cost side did the work, and that changes how far the new …
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Cash at AquaGen rose 150.3% to NOK 198m in the year before its change of owner
AquaGen, the Norwegian salmon egg breeder, earned more after tax than its operations made in the year to June 2025, and its cash rose sharply. A new owner, a new board and new subsidiaries now inherit …
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How fixed costs lifted Vimera Specialistvård's operating profit 769.3%
Revenue at the Swedish specialist care company rose 94.4% in the year to March 2026, and operating profit rose far faster. The same cost structure that multiplied the gain would multiply a loss. Here is how …
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Lear's Slovak seat plant keeps 1.2% of its sales as operating profit
Lear's seat maker in Prešov sold more in 2025 and earned less from running the business. The gap sits in the costs of making seats, not in depreciation. Any company that sells on fixed contract prices …
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RELAX 2000 ran up EUR 181k of interest in a year its operations lost money
RELAX 2000, a Slovak limited company from Komárno, still had lenders to pay in 2025, but its business no longer earned the money for them. The operating result turned to a loss, and the interest came …
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How a fuller clinic turned Prague Fertility Centre's fixed costs into profit
Prague Fertility Centre sold 17.9% more in 2025, and its operating profit rose 651.9%. That is the sign of a cost base that barely moves. The same structure that lifted profit can cut it just as …
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Why a more profitable Nasdaq ended September with less cash than a year earlier
Nasdaq grew revenue 20.9% in the third quarter of 2026 and earned USD 540m, yet its cash balance fell 22.3%. That gap is not a warning sign by itself. It shows that profit and cash answer …
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Meta kept just 20.1% of its third-quarter revenue as operating profit
Meta Platforms grew revenue 26.1% in the third quarter of 2026, yet its operating margin fell to 20.1% from 40.1%. A business that sells more and keeps less is usually paying in advance for growth. The …
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Where did Lockheed Martin's margin go in a quarter its sales rose 11.3%?
Lockheed Martin sold 11.3% more in the third quarter of 2026, yet operating profit rose only 7.1%, while cash jumped 71.8%. The cash is a snapshot of one date. The thinner margin on new work is …
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Can suppliers keep waiting when AirExplore's unpaid bills equal 118 days of revenue?
AirExplore lost more money in 2025 and sold less, yet it ended the year with more cash than a year earlier. Much of the explanation sits in a single balance sheet line: what it owes its …
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DeepOcean earned NOK 1.5bn in 2025 and still ended the year with 43.0% less equity
Net profit at the Norwegian subsea company rose to NOK 1.5bn in 2025, yet equity fell to NOK 558m. More left the balance sheet than the year earned. The arithmetic behind that is simple, and worth …
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Super Micro Computer lifted net profit 112.7% and still spent more cash than its business brought in
The US server maker closed fiscal 2026 with a net profit of USD 2.2bn and an operating cash flow of USD -6.8bn. Growth this fast has to be paid for before customers pay. The useful lesson …
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AT&T sold more in the third quarter of 2026 and kept far less of each dollar
AT&T's revenue grew in the third quarter of 2026, yet its operating profit fell 33.1%. The squeeze sits in the cost of running the business, not in depreciation. The lesson for any growing company is to …
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CloudTalk grew sales 22.1%, yet its interest bill was paid by the balance sheet, not the business
The Slovak software company lifted revenue 22.1% in 2025 and still ended the year with an operating loss and interest to pay on top. None of that interest was covered by earnings. Here is why that …
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SEC Norge added NOK 330m of sales in 2025 and kept an operating margin of just 1.2%
The Norwegian company turned an operating loss into a profit in 2025 on a sharp jump in revenue. The swing is real, but the margin behind it is thin enough that one difficult contract could undo …
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Equifax grew operating profit 3.6× as fast as revenue, and that lever does not only push upward
Equifax lifted revenue 9.6% in the third quarter of 2026, yet operating profit rose 34.4%. A credit bureau's costs barely care how many reports it sells, so profit outruns sales. The same structure decides what happens …
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Radionor Communications grew revenue fast and still ended the year holding more cash
Revenue at the Trondheim radio equipment maker rose from NOK 229m in 2023 to NOK 2.5bn in 2025. Growth that fast usually eats cash, yet margins widened and the cash pile grew. That breaks a familiar …