Estados financieros detallados de Greenfire Resources Ltd. (GFR): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Márgenes de los últimos 12 meses: margen bruto 44.3%, margen operativo 12.9%, margen neto -6.1%.
Al precio actual de $6.49, GFR presenta beneficios negativos (P/E no significativo) y un ROE del -3.45%. La capitalización bursátil es de $470M.
Cuenta de Resultados (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | 0 | $270.7M | $998.8M | $676.0M | $790.9M | $603.3M |
| Coste de Ventas | 0 | $131.2M | $486.1M | $396.5M | $532.8M | $335.3M |
| Beneficio Bruto | 0 | $139.4M | $512.7M | $279.5M | $258.2M | $268.0M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $360000 | $27.3M | $78.9M | $77.0M | $30.9M | $75.7M |
| Gastos Operativos | $360000 | $87.4M | $242.3M | $337.3M | $30.9M | $208.7M |
| Beneficio Operativo | -$360000 | $52.0M | $270.5M | -$57.8M | $227.3M | $59.3M |
| EBITDA | 0 | $714.5M | $188.2M | -$1.7M | $199.2M | $181.2M |
| Gastos por Intereses | 0 | $25.1M | $76.3M | $46.7M | $48.5M | $41.7M |
| Beneficio Antes de Impuestos | -$360000 | $661.4M | $44.0M | -$116.3M | $36.5M | $55.3M |
| Impuestos | 0 | 0 | -$87.7M | $19.4M | -$84.9M | $7.8M |
| Beneficio Neto | -$360000 | $661.4M | $131.7M | -$135.7M | $121.4M | $47.5M |
| BPA | $-0.01 | $-0.01 | $1.92 | $-2.49 | $1.76 | $0.64 |
| BPA Diluido | $-0.01 | $-0.01 | $1.92 | $-2.49 | $1.70 | $0.64 |
| Acciones en Circulación (Diluidas) | $37.5M | $49.2M | $68.6M | $54.4M | $71.6M | $72.5M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $141.1M | $134.0M | $147.3M | $179.4M |
| Beneficio Bruto | $67.7M | $54.8M | $62.1M | $82.3M |
| Beneficio Operativo | $17.6M | $10.8M | $7.1M | $42.3M |
| EBITDA | $22.1M | $18.9M | -$72.1M | $88.4M |
| Beneficio Neto | -$8.8M | -$8.6M | -$73.0M | $53.5M |
| BPA | $-0.11 | $-0.13 | $-1.06 | $0.76 |
| BPA Diluido | $-0.11 | $-0.13 | $-1.06 | $0.76 |
Balance (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | 0 | $60.9M | $35.4M | $109.5M | $67.4M | $42.0M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | 0 | $35.0M | $22.4M | $22.5M | $47.4M | $66.3M |
| Inventario | 0 | $15.9M | $14.6M | $13.9M | $14.9M | $20.6M |
| Activos Corrientes | 0 | $140.0M | $123.5M | $163.8M | $144.2M | $149.3M |
| Inmovilizado Material | 0 | $989.1M | $963.0M | $941.4M | $960.1M | $991.1M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Totales | 0 | $1.13B | $1.17B | $1.17B | $1.26B | $1.29B |
| Cuentas por Pagar | $60000 | $32.3M | $3.4M | $6.3M | $6.3M | $11.3M |
| Deuda a Corto | 0 | $110.4M | $63.2M | $44.3M | $248.5M | $3.3M |
| Pasivos Corrientes | $60000 | $198.5M | $136.9M | $130.3M | $335.9M | $95.9M |
| Deuda a Largo | 0 | $215.2M | $191.2M | $332.0M | $80.4M | 0 |
| Pasivos Totales | $60000 | $424.2M | $336.5M | $478.5M | $436.0M | $118.7M |
| Reservas | -$60000 | $661.4M | $793.1M | $526.7M | $648.1M | $696.3M |
| Patrimonio Neto | -$60000 | $704.9M | $837.8M | $695.0M | $821.4M | $1.17B |
| Deuda Total | 0 | $325.6M | $255.4M | $390.1M | $338.2M | $6.1M |
| Deuda Neta | 0 | $264.7M | $220.0M | $280.5M | $270.8M | -$35.9M |
| Capital Circulante | -$60000 | -$58.5M | -$13.4M | $33.5M | -$191.6M | $53.4M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $114.7M | $42.0M | $543617 | $3.0M |
| Activos Totales | $1.30B | $1.29B | $1.30B | $1.31B |
| Pasivos Totales | $424.4M | $118.6M | $204.6M | $165.2M |
| Patrimonio Neto | $879.4M | $1.17B | $1.09B | $1.15B |
| Deuda Total | $329.5M | $6.1M | $9.4M | $32.1M |
Flujo de Caja (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$360000 | $661.4M | $131.7M | -$135.7M | $121.4M | $46.6M |
| Amortizaciones | 0 | $28.3M | $85.3M | $67.6M | $95.3M | $84.2M |
| Compensación en Acciones | 0 | 0 | $1.2M | $9.8M | $6.3M | $2.9M |
| Cambio en Capital Circulante | 0 | -$6.9M | $3.6M | $25.5M | -$19.6M | -$5.1M |
| Flujo de Caja Operativo | 0 | $32.0M | $164.7M | $86.5M | $144.5M | $134.0M |
| Inversiones (CapEx) | 0 | -$4.6M | -$39.6M | -$33.4M | -$87.4M | -$109.8M |
| Adquisiciones | 0 | -$359.5M | 0 | 0 | -$4.4M | 0 |
| Recompra de Acciones | 0 | 0 | 0 | -$41.5M | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | -$59.4M | 0 | 0 |
| Flujo de Caja Libre | 0 | $27.4M | $125.1M | $53.1M | $57.1M | $24.3M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $48.8M | $35.3M | $1.4M | $25.8M |
| Inversiones (CapEx) | -$17.9M | -$56.7M | -$49.6M | -$41.0M |
| Flujo de Caja Libre | $30.9M | -$21.4M | -$48.2M | -$15.1M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $1.2M | $87000 | $68000 | $80000 |
Crecimiento y Márgenes (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | | +269.0% | -32.3% | +17.0% | -23.7% |
| Crecimiento Beneficio Neto (anual) | | +183834.4% | -80.1% | -203.0% | +189.5% | -60.9% |
| Crecimiento BPA (anual) | | -18.8% | +16942.1% | -229.7% | +170.7% | -63.6% |
| Cambio en Acciones (anual) | | +31.1% | +39.6% | -20.7% | +31.6% | +1.2% |
| Crecimiento FCF (anual) | | | +356.8% | -57.5% | +7.6% | -57.6% |
| Margen Bruto | | 51.5% | 51.3% | 41.3% | 32.6% | 44.4% |
| Margen Operativo | | 19.2% | 27.1% | -8.6% | 28.7% | 9.8% |
| Margen EBITDA | | 264.0% | 18.8% | -0.3% | 25.2% | 30.0% |
| Margen Neto | | 244.4% | 13.2% | -20.1% | 15.4% | 7.9% |
| Margen FCF | | 10.1% | 12.5% | 7.9% | 7.2% | 4.0% |
| Tasa Impositiva Efectiva | -0.0% | 0.0% | -199.2% | -16.7% | -232.3% | 14.1% |
Datos por Acción (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $0.00 | $0.56 | $1.82 | $0.98 | $0.80 | $0.33 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $1.09 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $37.5M | $49.2M | $68.6M | $54.4M | $71.4M | $72.4M |
Qué mirar en empresas de Energy
- FCF yield (>8%) — Caja generada / capitalización. En energía el FCF importa más que el EPS.
- ROIC medio 5a (≥10%) — Incluir años buenos y malos para filtrar las realmente disciplinadas.
- FCF positivo en 8 de los últimos 10 años (≥8/10) — Nombres disciplinados (XOM, CVX, EOG) sobreviven los crashes de 2014-16 y 2020.
- Cobertura del dividendo (FCF / div) (≥1,2x) — Dividendo cubierto por FCF, no por deuda. <1x = recorte probable.
- Deuda Neta / EBITDA (<2x en pico) — Mirarlo con EBITDA en valle, no en pico.
- Capex / Ingresos (10-20% saludable) — Energía necesita reinversión agresiva para mantener reservas.
Rentabilidad
| Rentabilidad sobre capital | -3.45% |
| Rentabilidad sobre capital invertido | 5.16% |
| Rentabilidad sobre activos | -2.81% |
| Margen bruto | 44.33% |
| Margen operativo | 12.92% |
| Margen neto | -6.14% |
Salud financiera
| Deuda / Patrimonio | 0.03 |
| Ratio corriente | 0.96 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 3.82 |
Ratios Clave (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -1433.72 | -1196.43 | 7.61 | -2.58 | 5.77 | 10.21 |
| P/VC | -8602.33 | 0.95 | 1.20 | 0.50 | 0.88 | 0.40 |
| P/V | 0.00 | 2.48 | 1.00 | 0.52 | 0.92 | 0.78 |
| Margen Bruto | 0.0% | 51.5% | 51.3% | 41.3% | 32.6% | 44.4% |
| Margen Operativo | 0.0% | 19.2% | 27.1% | -8.6% | 28.7% | 9.8% |
| Margen Neto | 0.0% | 244.4% | 13.2% | -20.1% | 15.4% | 7.9% |