olivLaw · European equity research
Fountain S.A. FOU.BR
Belgium · Euronext Brussels · ISIN BE0003752665 · Vertical: Listed companies from Belgium
Fountain SA is a Belgian-French wholesale distributor of food products, with a focus on coffee, that presents itself as a supplier with a more pronounced sustainability strategy, including sail-powered coffee shipping through its subsidiary Javry. The 2025 annual report includes for the first time a voluntary sustainability report, and companies with such commitments are more visible to investors watching emissions across the supply chain.
At the close of 06 Nov 2026, Fountain S.A. (FOU.BR) stock was 1.00 EUR (−2.91% on the day), with market capitalisation 5.6 m EUR, P/E 6.7 on diluted EPS of 0.15 EUR over the last 12 months, beta -0.04, 52-week range 1.00–1.65 EUR.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 38.1
- weak (30–45)
- Bollinger (20, 2)
- 0.95 – 1.18
- in the lower half of the band · %B 0.23 · band width 21.7%
- SMA 50 / 200
- 1.19 / 1.46
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.05 / -0.05
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −5.7% | −0.6% | −5.0 pp | — |
| 3 months | −23.7% | −4.2% | −19.5 pp | — |
| 6 months | −37.1% | +4.3% | −41.4 pp | — |
| Year to date | −32.9% | +7.5% | −40.4 pp | — |
| 1 year | −36.3% | +9.9% | −46.2 pp | +6.8% |
| 3 years | unavailable | +49.8% | unavailable | −6.1% |
| 5 years | +21.2% | +42.8% | −21.6 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 67 percentile of its own 3-quarter history (min 4.9, median 6.2, max 9.9; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 29.0 m | 30.0 m | 30.3 m |
| Revenue YoY | unavailable | +3.2% | +1.1% |
| Net income | 1.1 m | 1.7 m | 839.0 k |
| Net income YoY | unavailable | +52.8% | −49.3% |
| Diluted EPS | 0.18 | 0.28 | 0.15 |
| Diluted EPS YoY | unavailable | +55.6% | −46.4% |
| net % | 3.7% | 5.5% | 2.8% |
| Free cash flow | 2.0 m | 2.6 m | 2.7 m |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 1.2 m EUR
- Financial debt
- 3.4 m EUR
- Net debt
- 2.2 m EUR
- Equity
- 4.4 m EUR
- Total assets
- 17.6 m EUR
- Debt / equity
- 0.77x
- Current ratio
- 0.69x
- ROE
- 21.4%
- ROA
- 4.7%
- FCF margin
- 8.9%
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 29.0 m | 30.0 m | 30.3 m | esef· 29 Apr 2026verified |
| Operating income | 558.0 k | 1.7 m | 1.5 m | esef· 29 Apr 2026verified |
| Depreciation & amortisation | 2.0 m | 1.8 m | 1.8 m | esef· 29 Apr 2026verified |
| EBITDA | 2.5 m ≈ | 3.6 m ≈ | 3.3 m ≈ | esef· 29 Apr 2026derived |
| Pre-tax income | 734.0 k | 1.6 m | 1.2 m | esef· 29 Apr 2026verified |
| Income tax | -349.0 k | -66.0 k | 406.0 k | esef· 29 Apr 2026verified |
| Net income | 1.1 m | 1.7 m | 839.0 k | esef· 29 Apr 2026verified |
| Diluted EPS | 0.18 | 0.28 | 0.15 | esef· 29 Apr 2026verified |
| Weighted average diluted shares | 6.0 m | 6.0 m | 6.0 m | esef· 29 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 706.0 k | 1.4 m | 1.2 m | esef· 29 Apr 2026verified |
| Receivables | 3.3 m | 3.3 m | 3.2 m | esef· 29 Apr 2026verified |
| Inventories | 2.1 m | 1.9 m | 2.6 m | esef· 29 Apr 2026verified |
| Current assets | 6.4 m | 7.0 m | 7.4 m | esef· 29 Apr 2026verified |
| Property, plant & equipment, net | 3.9 m | 4.0 m | 3.9 m | esef· 29 Apr 2026verified |
| Goodwill | 2.4 m | 2.4 m | — | esef· 29 Apr 2025verified |
| Total assets | 17.1 m | 17.7 m | 17.6 m | esef· 29 Apr 2026verified |
| Accounts payable | 5.6 m | 5.0 m | 5.7 m | esef· 29 Apr 2026verified |
| Short-term debt | — | 1.6 m | 1.5 m | esef· 29 Apr 2026verified |
| Long-term debt | 3.8 m | 2.2 m | 1.9 m | esef· 29 Apr 2026verified |
| Current liabilities | 10.7 m | 11.6 m | 10.8 m | esef· 29 Apr 2026verified |
| Total liabilities | 15.3 m | 14.2 m | 13.3 m | esef· 29 Apr 2026verified |
| Equity | 1.8 m | 3.5 m | 4.4 m | esef· 29 Apr 2026verified |
| Shares outstanding at year end | 6.0 m | 5.9 m | 5.6 m | esef· 29 Apr 2026derived |
Cash flow · EUR
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 2.6 m | 2.9 m | 3.1 m | esef· 29 Apr 2026verified |
| Capex | 571.0 k | 284.0 k | 418.0 k | esef· 29 Apr 2026verified |
| Free cash flow | 2.0 m ≈ | 2.6 m ≈ | 2.7 m ≈ | esef· 29 Apr 2026derived |
| Investing cash flow | -615.0 k | -326.0 k | -569.0 k | esef· 29 Apr 2026verified |
| Financing cash flow | -2.8 m | -1.9 m | -2.7 m | esef· 29 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 73 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
06 Nov 2026Source: olivLaw, closing series
Market cap: 5.6 m EUR
Key indicators
Coverage and freshness
Score by group
- Quality76
- Balance sheet24
- Valuation96
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 1.67 – 5.84 EUR.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (EUR per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDA2.09 – 5.84 (Mid 2.62)6 companies used · median multiple 5.1x · quartiles 4.2x – 10.6xCFEB.BR, DEME.BR, EKOP.BR, JEN.BR, MIKO.BR, MOUR.BR
- Peers: P/E1.67 – 3.54 (Mid 2.28)24 companies used · median multiple 15.2x · quartiles 11.1x – 23.6xACKB.BR, AGS.BR, AZE.BR, BANI.BR, BAR.BR, BEKB.BR, BELYS.BR, BPOST.BR, CAMB.BR, CFEB.BR, COLR.BR, DECB.BR, DEME.BR, DIE.BR, ECONB.BR, ELI.BR, EVS.BR, FAGR.BR, FLOB.BR, IBAB.BR, JEN.BR, KIN.BR, MELE.BR, MOUR.BR
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Neutral profile · Score 73/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 15.8% | 81 (vs peers) | 16% |
| Net margin · Quality | 2.8% | 44 (vs peers) | 9% |
| FCF conversion · Quality | 321.5% | 100 (on a fixed band) | 9% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | 0.7x | 33 (vs peers) | 16% |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 0.7x | 0 (on a fixed band) | 6% |
| P/E (TTM) · Valuation | 6.7x | 89 (vs peers) | 16% |
| EV/EBITDA · Valuation | 2.4x | 100 (vs peers) | 16% |
| FCF yield · Valuation | 48.2% | 100 (on a fixed band) | 13% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet24/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality76/100 · 3/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation96/100 · 3/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
FOUNTAIN SA (FOU.BR). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 30.3 m EUR in 2025; YoY growth 1.1%; net margin 2.8%; ROE 21.4%; net debt/EBITDA 0.7x.
The estimated value range is 1.88–4.69 EUR per share (median of 2 methods, agreement: same basis (multiples on one peer group, not independent confirmations)); assumptions are illustrative. Against the central value of 2.45 EUR, the price of 1.00 EUR leaves a potential of 144.6% (value / price − 1) and a margin of safety of 59.1% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 73/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: growth, returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 15.8%
- FCF conversion: 321.5%
- P/E (TTM): 6.7x
- EV/EBITDA: 2.4x
- FCF yield: 48.2%
- The price is below the estimated value range
What contradicts it
- Current ratio: 0.7x
Not assessed (insufficient data or a ratio without meaning): Revenue CAGR 3Y, EPS CAGR 3Y, Interest coverage, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from Belgium · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| ELI.BRElia Group | 12.0 bn | 23.4 | 9.6% | 13.6% | −2.0% | +29% / +35% |
| LOTB.BRLotus Bakeries | 11.4 bn | 66.4 | 20.9% | 12.7% | +10.0% | +82% / +76% |
| GBLB.BRGroupe Bruxelles Lambert - Groep Brussel Lambert | 10.6 bn | 82.3 | 0.8% | 2.1% | +1.0% | +6% / +9% |
| DIE.BRD'ieteren Group | 9.5 bn | 22.7 | — | 5.3% | −1.5% | +19% / +14% |
| ACKB.BRAckermans & Van Haaren | 8.8 bn | 22.1 | 8.4% | 7.6% | +18.6% | +22% / +77% |
| COLR.BRColruyt Group | 4.4 bn | 14.5 | 9.4% | 2.9% | +3.1% | +10% / −7% |
| DEME.BRDeme Group | 4.1 bn | 12.0 | 15.5% | 8.3% | +1.3% | +18% / +69% |
| AZE.BRAzelis Group | 2.9 bn | 15.9 | 6.6% | 4.3% | +1.5% | +27% / −43% |
| MELE.BRMelexis | 2.2 bn | 12.6 | 30.7% | 18.4% | −3.3% | +1% / −37% |
| BEKB.BRNV Bekaert SA | 2.0 bn | 30.2 | 3.1% | 1.8% | −6.4% | +8% / −6% |
| FAGR.BRFagron | 1.8 bn | 22.0 | 16.7% | 9.2% | +14.3% | +14% / +39% |
| KIN.BRKinepolis Group | 1.3 bn | 33.1 | 19.3% | 7.0% | −4.5% | +58% / +9% |
| JEN.BRJensen Group | 710.7 m | 17.3 | 15.1% | 9.1% | +13.3% | +28% / +112% |
| BAR.BRBarco | 556.0 m | 9.0 | 7.9% | 6.7% | −9.9% | −49% / −59% |
| IBAB.BRIon Beam Applications | 479.6 m | 38.9 | 10.7% | 2.1% | +24.5% | +45% / +50% |
| DECB.BRDeceuninck | 337.1 m | 24.3 | 4.3% | 1.7% | −4.5% | +7% / +7% |
| CAMB.BRCampine | 270.8 m | 12.2 | 28.6% | 6.1% | +13.4% | −12% / +160% |
| CFEB.BRAannemingsmaatschappij Cfe | 269.3 m | 11.2 | 9.9% | 2.0% | −5.3% | +24% / +49% |
| MOUR.BRMoury Construct | 265.2 m | 10.9 | 21.3% | 13.1% | −4.0% | +13% / +79% |
| EVS.BREvs Broadcast Equipment | 243.5 m | 6.0 | 20.8% | 21.7% | +14.3% | −49% / −36% |
| ECONB.BREconocom Group | 205.3 m | 39.5 | 1.2% | 0.2% | +4.3% | −4% / −37% |
| BPOST.BRBpost | 176.2 m | 2.7 | 6.3% | 1.5% | −2.6% | −53% / −81% |
| IMMO.BRImmobel | 172.2 m | — | -7.4% | -25.2% | −32.8% | −24% / −36% |
| MONNI.BRKeyware Technologies | 166.0 m | 157.4 | 3.5% | 4.5% | −5.9% | −8% / −20% |
| HYSG.BRHybrid Software Group PLC | 121.3 m | — | -2.5% | -5.5% | +7.2% | −4% / +13% |
1- and 3-year price returns: for FOU.BR from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (EUR)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 0.57 Total return -43% · Per year -43% | 1.01 Total return 1% · Per year 1% | 1.53 Total return 53% · Per year 53% |
| 3 years | 0.52 Total return -48% · Per year -20% | 1.03 Total return 3% · Per year 1% | 1.72 Total return 72% · Per year 20% |
| 5 years | 0.47 Total return -53% · Per year -14% | 1.06 Total return 6% · Per year 1% | 1.94 Total return 94% · Per year 14% |
- Exit P/E± 0.26
- Net margin± 0.18
- Annual revenue growth± 0.15
- Annual dilution± 0.02
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Fountain SA is a Belgian-French wholesale distributor of food products, with a focus on coffee, that presents itself as a supplier with a more pronounced sustainability strategy, including sail-powered coffee shipping through its subsidiary Javry 1. The 2025 annual report includes for the first time a voluntary sustainability report, and companies with such commitments are more visible to investors watching emissions across the supply chain 1.
SWOT
Strengths
- Short supply chain with direct contact with producers and product traceability, supported by regular visits to producers 1.
- Sail-powered transport demonstrated in practice, with results reported for 2025, giving a clear differentiation story 1.
- Presence in several European countries through seven consolidated entities, giving a diversified regional base 1.
Weaknesses
- Scope 3 emissions dominate the carbon footprint, and control over them depends on suppliers and customers the company only partly influences 1.
- The emissions reduction plan is not yet fully formalised, and several measures are still at the study stage 1.
- The VSME sustainability report was not reviewed by the auditor, which limits confidence in the figures presented 1.
Opportunities
- Extending sail-powered transport and other low-emission solutions could strengthen the position with environmentally conscious customers 1.
- Switching building electricity contracts to green power and electric last-mile delivery are measures under consideration for the coming period 1.
- Recyclable packaging and equipment refurbishing could reduce environmental costs and respond to demand for a circular economy 1.
Threats
- Reporting and traceability requirements may change, and final European Union rules could alter the company's obligations 1.
- Dependence on coffee, cocoa and milk exposes the group to raw material price volatility and intercontinental transport costs 1.
- Aluminium-layer packaging for sensitive products remains hard to replace, which could slow the reduction of environmental impact 1.
Risks
- Dependence on supply chain emissionshigh
Most of the carbon footprint comes from suppliers and customers, so the reduction target depends on third parties the company only partly influences 1.
- Reduction plan not fully formalisedmedium
The report says the emissions reduction plan is not yet fully formalised, which could delay the expected results 1.
- Limited verification of the reportmedium
The VSME sustainability report was not reviewed by the auditor, so the information is harder to verify independently 1.
- Coffee price volatilitymedium
Purchases at fixed prices relative to the exchange market can reduce exposure to fluctuations, but costs could rise if reference prices fall or spike sharply 1.
- Changing regulationlow
Changes to reporting rules alter the company's obligations, and compliance costs could vary accordingly 1.
Investment thesis
What would need to be true (bull case)
- If sail-powered transport and direct sourcing expand, the group could win customers who pay for traceability and lower emissions 1.
- Positioning in the organic and Fairtrade segment could support margins if consumer demand for responsible products stays strong 1.
- Voluntary sustainability reporting can be a commercial advantage if customers and investors find it credible and comparable over time 1.
What would break the thesis
- If supply chain emissions do not fall, the reduction target could remain unmet and compliance costs could rise 1.
- The absence of a fully formalised plan and of external verification of the report could limit investor confidence 1.
- Purchase prices and intercontinental transport costs could compress margins, especially if raw material markets become volatile 1.
What to watch
- Final emissions results and progress on scope 3 reduction2026
- Decision on switching electricity to green power and on the vehicle fleet2026
- Any external verification of the VSME sustainability reportnext annual report
- Extension of sail-powered transport to more products and regions2026
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The Fountain group operates under NACE code 46.38, wholesale of other food products, through seven consolidated entities, including Fountain SA, Fountain Benelux SA, Javry SRL, Fountain France SAS and Fountain Denmark A/S 1. The company supplies coffee, organic and Fairtrade-certified products, as well as coffee machines and water fountains it places at customers' disposal 1. Javry runs a short supply chain, from producers to artisanal roasting in Belgium and sales to professional or private customers 1.
The sustainability strategy combines direct purchasing from cooperatives, collaboration with the sourcing company Belco and recyclable packaging, but the report stresses that a full emissions reduction plan is not yet fully formalised 1. The group states it no longer falls under mandatory CSRD reporting, so the voluntary VSME report was not reviewed by the auditor 1.
Sail-powered coffee transport, introduced in 2024, covered 23,461 km in 2025 over 69 days of crossing, which the company presents as a significant emissions reduction compared with conventional cargo shipping 1. The company links this initiative to its goal of reducing indirect emissions, but the figures are self-reported and were not externally verified 1.
Segments
Sourcing and roasting (Javry)
Javry handles direct sourcing and weekly roasting in Belgium, with fixed purchase prices paid to producers that the report says are on average 75 % above the exchange market price 1. This segment is the main driver of the group's sustainability story.
Distribution and equipment
The group places coffee machines and water fountains with customers, and equipment accounts for about 7 % of total emissions according to the report 1. Refurbishing machines reduces demand for new resources, an activity the company presents as part of its circular economy approach 1.
Market context
The wholesale coffee and food products market is sensitive to raw material and transport costs, and the report shows coffee, cocoa and milk purchases are a major emissions source for the group 1. Demand from professional and private customers who value traceability and organic or Fairtrade certification could support the group's premium segment 1.
Sustainability reporting rules are shifting: the Omnibus proposal removed the mandatory CSRD obligation for the group, yet the company chose a voluntary report, signalling a move toward transparency for investors and customers 1.
Trends
- Low-emission transporttailwind
Sail-powered maritime transport of coffee was extended in 2025 and is presented as a way to cut logistics emissions, which could support demand from impact-conscious customers 1.
- Pressure on supply chain emissionsheadwind
Scope 3 accounts for 93 % of the group's emissions, so reduction depends on suppliers and customers, which could raise compliance costs if requirements tighten 1.
- Organic and Fairtrade certificationmixed
The range of organic and Fairtrade products, with at least one organic reference in each product family, responds to consumer demand for responsible products but may bring additional certification costs 1.
- Recyclable packaging and technical limitsmixed
Recyclable packaging covers only part of the volume sold in bags, and sensitive products still need aluminium-layer packaging, which limits rapid progress toward full recyclability 1.
Competitive position
Fountain competes with other importers and wholesale distributors of coffee that work with roasters and sourcing partners in Europe. The report does not name competitors, so market share comparisons cannot be made from the sources provided 1.
The group's differentiation rests on its short supply chain, sail-powered transport and organic and Fairtrade certifications, which could set it apart from traditional importers buying through traders on exchange markets 1.
- Traditional coffee importers buying on exchange markets
The report describes competitors by their model rather than by name; they buy through traders, unlike Javry's direct sourcing 1.
- Wholesale food distributors in the Benelux
The group is active in Belgium, the Netherlands and Denmark through its entities, so it competes with regional distributors in these markets 1.
- Coffee machine suppliers for professional customers
Fountain places machines and water fountains, placing it in competition with office and hospitality equipment suppliers 1.
- Operators of organic or Fairtrade-certified coffee
The group's certified range puts it in competition with other operators selling certified coffee to the same customer categories 1.
News & filings
In the press
- Kīlauea's swelling summit helps scientists forecast lava fountain eruptionsPhys.org · 09 Oct 2026 · EN
- Young organs may not be a fountain of youth for recipientsMIT Technology Review · 25 Sept 2026 · EN
- NCT to mark 10th anniv. with fountain show, fashion exhibit in SeoulYonhap News (KR, EN) · 31 Aug 2026 · EN
- Decimen Optical Transfer: fountain-coded QR file transferHacker News · 03 Aug 2026 · EN
- World Cup: Spanish boy, 13, killed in fountain collapse during celebrationsAl Jazeera English · 20 Jul 2026 · EN
Annual reports (ESEF)
- Annual report 202529 Apr 2026
- Annual report 202429 Apr 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / Fountain S.A. · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.