DPC
DPCCIK 0002107018
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DPC files for IPO to sell 23.3M shares at $30.00 each, raising $30M for the company
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Latest financial statements
From 10-Q filed Aug 11, 2026 (period ending Jun 28, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Income (Loss) (Unaudited)
(in $ millions, except for loss per share and weighted-average shares outstanding)
| Description | Three months ended June 28, 2026 | Three months ended June 29, 2025 | Six months ended June 28, 2026 | Six months ended June 29, 2025 |
|---|---|---|---|---|
| Revenue | 268.7 | 200.9 | 505.3 | 389.0 |
| Cost of sales | (199.3) | (150.4) | (379.3) | (296.3) |
| Gross profit | 69.4 | 50.5 | 126.0 | 92.7 |
| Selling, general and administrative expenses | (189.6) | (44.7) | (234.4) | (86.7) |
| Interest expense | (33.2) | (55.4) | (86.2) | (107.5) |
| Interest income | 0.2 | 0.2 | 0.5 | 0.3 |
| Foreign currency gain, net | 8.8 | 12.9 | 6.6 | 20.9 |
| Reversal of write down of disposal group held for sale | — | 3.1 | — | 3.1 |
| Loss before income tax benefit/(expense) | (144.4) | (33.4) | (187.5) | (77.2) |
| Income tax benefit/(expense) | 13.3 | (16.0) | 9.0 | (25.3) |
| Net loss | (131.1) | (49.4) | (178.5) | (102.5) |
| Net loss per share | ||||
| Basic | (1.14) | (0.44) | (1.57) | (0.91) |
| Diluted | (1.14) | (0.44) | (1.57) | (0.91) |
| Weighted-average shares outstanding | ||||
| Basic | 114,539,294 | 112,936,824 | 113,751,488 | 112,936,824 |
| Diluted | 114,539,294 | 112,936,824 | 113,751,488 | 112,936,824 |
Condensed Consolidated Balance Sheets (Unaudited)
(in $ millions)
| Description | As of June 28, 2026 | As of December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | 846.4 | 32.1 |
| Accounts receivables, less allowances for credit losses of $0 million and $0 million at June 28, 2026 and at December 31, 2025 | 199.7 | 155.8 |
| Inventories | 245.9 | 181.0 |
| Prepayments and other current assets | 95.6 | 41.7 |
| Assets held for sale | 18.7 | 20.2 |
| Total current assets | 1,406.3 | 430.8 |
| Property, plant and equipment, net | 229.7 | 221.3 |
| Right-of-use assets, net | 16.4 | 14.7 |
| Deferred tax assets | 59.4 | 44.1 |
| Goodwill | 76.8 | 78.3 |
| Other intangible assets, net | 88.7 | 95.5 |
| Other noncurrent assets | 9.7 | 10.4 |
| Total assets | 1,887.0 | 895.1 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable, trade | 138.6 | 105.6 |
| Accrued expenses and other current liabilities | 133.5 | 115.6 |
| Liability for management incentive plan | 185.3 | 132.0 |
| Borrowings, current | 483.3 | 154.3 |
| Operating lease liabilities, current | 4.6 | 2.0 |
| Liabilities directly associated with the assets held for sale | 6.4 | 5.9 |
| Total current liabilities | 951.7 | 515.4 |
| Borrowings, non-current | 89.4 | 1,280.4 |
| Operating lease liabilities, non-current | 12.2 | 13.7 |
| Deferred tax liabilities | 1.7 | 1.7 |
| Pension liabilities, non-current | 25.9 | 26.4 |
| Other non-current liabilities | 33.7 | 21.4 |
| Total Liabilities | 1,114.6 | 1,859.0 |
| Commitments and contingencies (refer to Note 11) | ||
| Shareholders’ equity/ (deficit): | ||
| Ordinary shares, nil par value 149,393,016 shares outstanding at June 28, 2026 and 112,936,824 at December 31, 2025; | 1,132.0 | — |
| Accumulated deficit | (1,114.7) | (936.3) |
| Additional paid in capital | 794.3 | — |
| Accumulated other comprehensive loss | (39.2) | (27.6) |
| Total shareholders’ equity/ (deficit) | 772.4 | (963.9) |
| Total liabilities and equity | 1,887.0 | 895.1 |
Cash Flow Statement (Unaudited)
(in $ millions)
| Description | Six months ended June 28, 2026 | Six months ended June 29, 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net loss | (178.5) | (102.5) |
| Adjustments to reconcile net loss to net cash (used in)/from operating activities: | ||
| Depreciation of property, plant and equipment | 9.6 | 9.0 |
| Amortization of intangible assets and cloud computing arrangements | 5.2 | 4.6 |
| Deferred income tax (benefit)/expense | (15.8) | 13.3 |
| Operating lease expense | 0.9 | 1.7 |
| Foreign currency gain, net | (6.6) | (20.9) |
| Impairment /(reversal) of asset held for sale | — | (2.9) |
| Inventory provision | 5.8 | 3.5 |
| Management incentive plan | 137.4 | 45.0 |
| Non-cash interest expense | 50.1 | 86.6 |
| Share-based compensation | 19.9 | — |
| Change in operating assets and liabilities: | ||
| Receivable, prepayments and other current assets | (43.8) | (27.0) |
| Inventories | (69.4) | (9.4) |
| Income tax receivable and payable | 0.4 | 8.0 |
| Payables, accrued expenses and other liabilities | 45.2 | 14.7 |
| Deferred consideration | 7.0 | — |
| Operating lease assets and liabilities | (1.4) | (2.2) |
| Net cash (used in)/from operating activities | (34.0) | 21.5 |
| Cash flows from investing activities: | ||
| Purchase of property, plant and equipment | (19.8) | (10.5) |
| Purchase of intangible assets | (0.4) | (0.5) |
| Net cash used in investing activities | (20.2) | (11.0) |
| Cash flows from financing activities: | ||
| Proceeds from borrowings | 682.3 | 447.1 |
| Repayment of borrowings | (819.4) | (429.0) |
| Net proceeds from initial public offering | 1,009.1 | — |
| Net cash provided by financing activities | 872.0 | 18.1 |
| Increase in cash and cash equivalents and restricted cash deposit | 817.8 | 28.6 |
| Effect of exchange rate fluctuations on cash and cash equivalents held | (3.5) | 14.5 |
| Cash and cash equivalents and restricted cash deposit at beginning of period | 32.1 | 32.4 |
| Cash and cash equivalents and restricted cash deposit at end of period | 846.4 | 75.5 |
| Reconciliation to consolidated balance sheet | ||
| Cash and cash equivalents | 844.8 | 67.9 |
| Restricted cash deposit | 1.6 | 7.6 |
| Total | 846.4 | 75.5 |
| Supplemental disclosures of cash flow information: | ||
| Income taxes paid | (6.3) | (4.0) |
| Interest paid | (35.7) | (20.5) |
| PIK Retirement | 774.0 | — |
Amounts as printed on the EDGAR/iXBRL face — (in $ millions, except for loss per share and weighted-average shares outstanding); (in $ millions). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗