AM

Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 18.18 16.27 15.87 14.03 -29.65
Price to Sales 6.18 5.41 5.22 4.77 3.80
Book Value Per Common Share 11.62 11.83 12.15 12.72 13.41
Price to Book 1.30 1.06 0.89 0.76 0.58
Price to Operating Cash Flow 8.60 7.71 7.38 6.51 4.89
Price to Free Cash Flow
Enterprise Value to EBITDA 47240.49 126906.81
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Price to Earnings 25.92 37.16 72.00 25.08 37.79 63.91 21.02 32.22 58.28 18.00 27.42 63.94 19.66 30.56 53.12
Price to Sales 9.87 14.39 27.97 8.31 12.15 22.79 6.89 10.06 18.13 6.02 8.97 22.02 6.77 10.07 17.81
Book Value Per Common Share 4.33 4.36 4.36 11.62 4.43 4.42 4.48 11.83 4.48 4.49 4.55 12.15 4.62 4.66 4.73 12.72 4.84 4.88 4.94 13.41
Price to Book 4.49 4.35 4.13 1.30 3.40 3.33 3.14 1.06 2.67 2.58 2.31 0.89 1.99 1.94 2.30 0.76 2.15 2.13 1.83 0.58
Price to Operating Cash Flow 13.75 19.56 43.34 11.84 16.61 32.04 10.06 15.09 27.48 8.27 12.21 28.12 9.12 13.75 25.99
Price to Free Cash Flow
Enterprise Value to EBITDA 210451.54 98932.66 171003.74

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 7.79 13.24 -1.45
Revenue YoY 5.75 12.45 2.03 -0.31
EBITDA YoY 3.63 7.84 4.95 288.22
Net Profit YoY 7.84 13.98 -1.62
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Earning YoY 47.06 104.00 53.85 77.27 58.33 100.00 54.55 94.12 55.88 100.00
Revenue YoY 49.44 104.67 49.24 96.96 50.88 99.57 51.25 104.48 49.22 103.57
EBITDA YoY 50.13 103.85 49.99 91.87 51.38 99.61 52.59 104.86 68.82 99.07
Net Profit YoY 47.29 103.13 52.51 82.76 56.38 100.59 52.70 99.19 54.59 96.14

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 0.00 0.00
Quick Ratio 0.86 0.01
Current Ratio 1.80 1.54 1.52 1.30 1.74
Debt to Equity 0.39 0.38 0.38 0.34 0.33
Long-Term Debt to Equity 0.38 0.37 0.36 0.33 0.32
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Cash Per Common Share 0.05 0.00 0.00 0.00 0.00
Quick Ratio 1.23 0.86 0.01 0.01 0.01
Current Ratio 1.26 1.03 1.42 1.80 1.09 0.89 1.25 1.54 0.86 0.97 1.02 1.52 0.76 0.62 0.58 1.30 0.74 0.78 1.14 1.74
Debt to Equity 1.77 1.74 1.75 0.39 1.71 1.72 1.67 0.38 1.68 1.67 1.65 0.38 1.52 1.50 1.47 0.34 1.39 1.38 1.35 0.33
Long-Term Debt to Equity 1.72 1.69 1.71 0.38 1.67 1.66 1.62 0.37 1.63 1.63 1.61 0.36 1.47 1.45 1.41 0.33 1.34 1.33 1.32 0.32

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 3.08 2.85 2.47 2.59 -0.95
ROE 4.27 3.94 3.40 3.48 -1.26
Gross Margin 81.45 80.81 81.76 83.77 82.97
Operating Margin 64.31 64.56 64.14 64.44 -3.21
EBITDA Margin 112.23 114.53 119.42 116.10 29.81
Net Profit Margin 34.07 33.41 32.96 34.19 -12.67
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
ROA 6.31 4.28 2.10 5.01 3.28 1.81 4.70 3.01 1.50 4.37 2.85 1.43 4.56 2.95 1.50
ROE 17.47 11.74 5.77 13.58 8.92 4.83 12.59 8.05 3.97 10.99 7.14 3.54 10.92 7.02 3.53
Gross Margin 81.14 80.99 81.57 81.38 81.08 81.79 80.52 80.01 79.10 81.90 82.30 82.18 83.88 83.97 83.74
Operating Margin 66.87 66.83 66.57 63.22 61.80 65.44 64.05 62.31 62.41 63.88 62.98 64.64 64.33 62.29 63.84
EBITDA Margin 105.07 104.59 105.01 106.13 105.60 108.40 113.76 113.38 113.36 119.89 118.84 118.62 115.25 101.87 104.17
Net Profit Margin 38.27 38.83 39.12 33.24 32.53 35.06 32.50 31.35 31.19 33.33 33.01 33.89 34.39 33.20 34.46

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Dividend Yield
Dividend Payout Ratio
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 13,016,020.00 13,004,134.00 13,174,841.00 12,764,799.00 12,959,406.00
   Current Assets 197,744.00 160,022.00 163,845.00 158,508.00 179,317.00
      Cash and Short-Term Investments 0 66.00 0 0 640.00
            Cash and Cash Equivalents 0 66.00 0 0 640.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 116,012.00 89,562.00 575.00 747.00 839.00
      Inventory 0 0 0 0 0
      Other Current Assets 81,732.00 70,394.00 163,270.00 157,761.00 177,838.00
   Non-Current Assets 12,818,276.00 12,844,112.00 13,010,996.00 12,606,291.00 12,780,089.00
      Property, Plant, Equipment Net 3,881,621.00 3,793,523.00 3,751,431.00 3,394,746.00 3,254,044.00
      Goodwill 0 0 0 0 0
      Intangible Assets 1,144,759.00 1,215,431.00 1,286,103.00 1,356,775.00 1,427,447.00
      Long-Term Investments 1,811,868.00 626,650.00 652,767.00 696,009.00 2,167,434.00
      Non-Current Deferred Assets 0 0 0 0 103,402.00
      Other Non-Current Assets 5,980,028.00 7,208,508.00 7,320,695.00 7,158,761.00 5,827,762.00
Liabilities 3,646,577.00 3,585,887.00 3,599,002.00 3,257,303.00 3,192,626.00
   Current Liabilities 109,931.00 104,128.00 107,530.00 122,384.00 103,247.00
      Payables and Expenses 99,977.00 95,586.00 95,580.00 104,430.00 84,442.00
            Account Payables 16,422.00 14,956.00 22,865.00 23,592.00 9,495.00
            Current Accrued Liabilities 83,555.00 80,630.00 72,715.00 80,838.00 74,947.00
      Short-Term Debt 0 0 0 0 0
      Other Current Liabilities 9,954.00 8,542.00 11,950.00 17,954.00 18,805.00
   Non-Current Liabilities 3,536,646.00 3,481,759.00 3,491,472.00 3,134,919.00 3,089,379.00
      Long-Term Debt 3,116,958.00 3,213,216.00 3,361,282.00 3,122,910.00 3,091,626.00
      Other Non-Current Liabilities 419,688.00 268,543.00 130,190.00 12,009.00 -2,247.00
Equity 9,369,443.00 9,418,247.00 9,575,839.00 9,507,496.00 9,766,780.00
   Shareholders Equity 5,570,549.00 5,674,527.00 5,812,857.00 6,075,149.00 6,390,469.00
      Capital Stock 4,794.00 4,797.00 4,785.00 4,775.00 4,766.00
      Share Premium 2,019,830.00 2,046,487.00 2,104,740.00 2,414,398.00 2,877,612.00
      Retained Earnings 90,547.00 100,447.00 82,793.00 -132,475.00 -464,092.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0
   Minority Interest 0 0 0 0 0
Investments 1,811,868.00 626,650.00 652,767.00 696,009.00 2,167,434.00
Debt 3,116,958.00 3,213,216.00 3,361,282.00 3,122,910.00 3,091,626.00
Net Debt 0 3,213,150.00 0 0 3,090,986.00
Common Shares Outstanding 479,422.00 479,713.00 478,497.00 477,495.00 476,639.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 1,174,921.00 1,111,029.00 988,035.00 968,358.00 971,391.00
Cost Of Revenue 217,976.00 213,165.00 180,254.00 157,120.00 165,386.00
Gross Profit 956,945.00 897,864.00 807,781.00 811,238.00 806,005.00
Operating Expenses -605,806.00 -557,899.00 -475,498.00 -502,901.00 842,061.00
   Selling, General and Administrative Expenses 86,086.00 71,068.00 62,125.00 63,838.00 52,213.00
   Other Operating Expenses -691,892.00 -628,967.00 -537,623.00 -566,739.00 789,848.00
Operating Income 1,562,751.00 1,455,763.00 1,283,279.00 1,314,139.00 -36,056.00
Net Non-Operating Income -1,014,130.00 -955,690.00 -839,543.00 -865,399.00 -142,159.00
Interest Expense 207,027.00 217,245.00 189,948.00 175,281.00 147,007.00
Net Interest -207,027.00 -217,245.00 -189,948.00 -175,281.00 -147,007.00
EBT 548,621.00 500,073.00 443,736.00 448,740.00 -178,215.00
Income Tax 147,729.00 128,287.00 117,494.00 117,123.00 55,688.00
Equity Method Investments Income 331,719.00 316,368.00 282,654.00 271,353.00 345,720.00
Net Income Including Non-Controlling Interests 1,085,974.00 1,013,043.00 900,942.00 899,678.00 -14,490.00
Net Income Non-Controlling Interests -685,632.00 -641,807.00 -575,250.00 -568,611.00 -108,587.00
Net Income 400,342.00 371,236.00 325,692.00 331,067.00 -123,077.00
EBIT 755,648.00 717,318.00 633,684.00 624,021.00 -31,208.00
Deprecation and Amortization 563,016.00 555,134.00 546,212.00 500,268.00 320,806.00
EBITDA 1,318,664.00 1,272,452.00 1,179,896.00 1,124,289.00 289,598.00
EPS 0.00 0.00 0.00 0.00 -0.00
Diluted EPS 0.00 0.00 0.00 0.00 -0.00
Average Shares Outstanding Basic 480,822.00 479,378.00 478,232.00 477,270.00 478,278.00
Average Shares Outstanding Diluted 485,247.00 482,372.00 480,300.00 479,736.00 478,278.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 843,994.00 779,063.00 699,604.00 709,752.00 753,382.00
   Operating Net Income 1,085,974.00 1,013,043.00 900,942.00 899,678.00 -14,490.00
   Deprecation and Amortization 563,016.00 555,134.00 546,212.00 500,268.00 320,806.00
   Deferred Income Tax 147,729.00 134,664.00 117,494.00 117,123.00 -171.00
   Share Based Compensation 44,332.00 31,606.00 19,654.00 13,529.00 12,778.00
   Change in Working Capital 48,000.00 3,685.00 9,366.00 -16,941.00 -25,523.00
   Other Operating Activities -1,045,057.00 -959,069.00 -894,064.00 -803,905.00 459,982.00
Investing Cash Flow -242,733.00 -183,206.00 -493,826.00 -233,242.00 -219,231.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 243,681.00 185,086.00 521,376.00 234,478.00 158,753.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 2,393.00 262.00 0 2,070.00 25,267.00
   Other Investing Activities -488,807.00 -368,554.00 -1,015,202.00 -469,790.00 -403,251.00
Financing Cash Flow -601,327.00 -595,791.00 -205,778.00 -477,150.00 -534,746.00
   Net Issuance/Repayment of Debt 4,436,662.00 2,227,300.00 234,800.00 1,351,172.00 204,000.00
   Net Issuance/Repurchase of Equity 28,690.00 0 0 0 24,713.00
   Dividends Paid 438,184.00 435,396.00 433,375.00 471,721.00 590,190.00
   Other Financing Activities -5,504,863.00 -3,258,487.00 -873,953.00 -2,300,043.00 -1,353,649.00
Net Change in Cash -66.00 66.00 0 -640.00 -595.00
   Cash at Beginning of Period 66.00 0 0 640.00 1,235.00
   Cash at End of Period 0 66.00 0 0 640.00
Free Cash Flow 0 0 0 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Assets 5,717,088.00 5,727,002.00 5,752,118.00 13,016,020.00 5,777,451.00 5,774,967.00 5,749,241.00 13,004,134.00 5,758,711.00 5,752,883.00 5,770,527.00 13,174,841.00 5,563,821.00 5,585,501.00 5,580,594.00 12,764,799.00 5,533,633.00 5,540,742.00 5,546,760.00 12,959,406.00
   Current Assets 113,373.00 114,477.00 127,652.00 197,744.00 99,876.00 103,598.00 133,688.00 160,022.00 95,534.00 93,906.00 98,414.00 163,845.00 80,785.00 77,057.00 80,290.00 158,508.00 87,490.00 92,438.00 91,167.00 179,317.00
      Cash and Short-Term Investments 0 0 0 0 0 0 26,088.00 66.00 0 0 0 0 0 0 0 0 0 678.00 261.00 640.00
            Cash and Cash Equivalents 0 0 0 0 0 0 26,088.00 66.00 0 0 0 0 0 0 0 0 0 678.00 261.00 640.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 109,370.00 112,397.00 124,882.00 116,012.00 98,573.00 102,635.00 105,789.00 89,562.00 93,783.00 92,171.00 371.00 575.00 1,988.00 431.00 328.00 747.00 857.00 466.00 227.00 839.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 4,003.00 2,080.00 2,770.00 81,732.00 1,303.00 963.00 1,811.00 70,394.00 1,751.00 1,735.00 98,043.00 163,270.00 78,797.00 76,626.00 79,962.00 157,761.00 86,633.00 91,294.00 90,679.00 177,838.00
   Non-Current Assets 5,603,715.00 5,612,525.00 5,624,466.00 12,818,276.00 5,677,575.00 5,671,369.00 5,615,553.00 12,844,112.00 5,663,177.00 5,658,977.00 5,672,113.00 13,010,996.00 5,483,036.00 5,508,444.00 5,500,304.00 12,606,291.00 5,446,143.00 5,448,304.00 5,455,593.00 12,780,089.00
      Property, Plant, Equipment Net 3,907,852.00 3,892,547.00 3,884,394.00 3,881,621.00 3,892,154.00 3,868,885.00 3,788,559.00 3,793,523.00 3,782,554.00 3,756,496.00 3,749,220.00 3,751,431.00 3,508,008.00 3,492,489.00 3,461,098.00 3,394,746.00 3,345,843.00 3,293,791.00 3,249,726.00 3,254,044.00
      Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 1,091,755.00 1,109,423.00 1,127,091.00 1,144,759.00 1,162,427.00 1,180,095.00 1,197,763.00 1,215,431.00 1,233,099.00 1,250,767.00 1,268,435.00 1,286,103.00 1,303,771.00 1,321,439.00 1,339,107.00 1,356,775.00 1,374,443.00 1,392,111.00 1,409,779.00 1,427,447.00
      Long-Term Investments 1,776,714.00 1,795,020.00 1,801,047.00 1,811,868.00 609,427.00 612,847.00 619,220.00 626,650.00 635,954.00 639,887.00 643,118.00 652,767.00 659,006.00 681,560.00 688,111.00 696,009.00 703,780.00 707,518.00 712,069.00 2,167,434.00
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14,855.00 46,893.00 75,378.00 103,402.00
      Other Non-Current Assets -1,172,606.00 -1,184,465.00 -1,188,066.00 5,980,028.00 13,567.00 9,542.00 10,011.00 7,208,508.00 11,570.00 11,827.00 11,340.00 7,320,695.00 12,251.00 12,956.00 11,988.00 7,158,761.00 7,222.00 7,991.00 8,641.00 5,827,762.00
Liabilities 3,651,839.00 3,639,613.00 3,663,579.00 3,646,577.00 3,647,550.00 3,647,879.00 3,598,862.00 3,585,887.00 3,607,571.00 3,599,844.00 3,595,043.00 3,599,002.00 3,351,966.00 3,355,382.00 3,320,640.00 3,257,303.00 3,221,040.00 3,212,306.00 3,189,894.00 3,192,626.00
   Current Liabilities 90,021.00 111,168.00 90,197.00 109,931.00 91,520.00 115,969.00 107,319.00 104,128.00 110,649.00 96,609.00 96,219.00 107,530.00 106,382.00 123,772.00 139,129.00 122,384.00 118,690.00 117,837.00 79,750.00 103,247.00
      Payables and Expenses 88,497.00 109,431.00 87,720.00 99,977.00 90,600.00 115,076.00 106,443.00 95,586.00 109,980.00 95,792.00 90,378.00 95,580.00 97,077.00 115,166.00 130,109.00 104,430.00 110,520.00 108,405.00 71,496.00 84,442.00
            Account Payables 21,722.00 19,128.00 20,814.00 16,422.00 15,035.00 18,874.00 24,399.00 14,956.00 28,352.00 20,868.00 21,012.00 22,865.00 24,125.00 24,510.00 33,087.00 23,592.00 24,944.00 24,785.00 14,898.00 9,495.00
            Current Accrued Liabilities 66,775.00 90,303.00 66,906.00 83,555.00 75,565.00 96,202.00 82,044.00 80,630.00 81,628.00 74,924.00 69,366.00 72,715.00 72,952.00 90,656.00 97,022.00 80,838.00 85,576.00 83,620.00 56,598.00 74,947.00
      Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Liabilities 1,524.00 1,737.00 2,477.00 9,954.00 920.00 893.00 876.00 8,542.00 669.00 817.00 5,841.00 11,950.00 9,305.00 8,606.00 9,020.00 17,954.00 8,170.00 9,432.00 8,254.00 18,805.00
   Non-Current Liabilities 3,561,818.00 3,528,445.00 3,573,382.00 3,536,646.00 3,556,030.00 3,531,910.00 3,491,543.00 3,481,759.00 3,496,922.00 3,503,235.00 3,498,824.00 3,491,472.00 3,245,584.00 3,231,610.00 3,181,511.00 3,134,919.00 3,102,350.00 3,094,469.00 3,110,144.00 3,089,379.00
      Long-Term Debt 3,008,694.00 3,023,800.00 3,110,975.00 3,116,958.00 3,171,664.00 3,186,577.00 3,174,873.00 3,213,216.00 3,258,537.00 3,306,667.00 3,331,320.00 3,361,282.00 3,143,169.00 3,157,966.00 3,133,184.00 3,122,910.00 3,095,560.00 3,087,734.00 3,103,428.00 3,091,626.00
      Other Non-Current Liabilities 553,124.00 504,645.00 462,407.00 419,688.00 384,366.00 345,333.00 316,670.00 268,543.00 238,385.00 196,568.00 167,504.00 130,190.00 102,415.00 73,644.00 48,327.00 12,009.00 6,790.00 6,735.00 6,716.00 -2,247.00
Equity 2,065,249.00 2,087,389.00 2,088,539.00 9,369,443.00 2,129,901.00 2,127,088.00 2,150,379.00 9,418,247.00 2,151,140.00 2,153,039.00 2,175,484.00 9,575,839.00 2,211,855.00 2,230,119.00 2,259,954.00 9,507,496.00 2,312,593.00 2,328,436.00 2,356,866.00 9,766,780.00
   Shareholders Equity 2,065,249.00 2,087,389.00 2,088,539.00 5,570,549.00 2,129,901.00 2,127,088.00 2,150,379.00 5,674,527.00 2,151,140.00 2,153,039.00 2,175,484.00 5,812,857.00 2,211,855.00 2,230,119.00 2,259,954.00 6,075,149.00 2,312,593.00 2,328,436.00 2,356,866.00 6,390,469.00
      Capital Stock 4,767.00 4,790.00 4,793.00 4,794.00 4,813.00 4,812.00 4,803.00 4,797.00 4,797.00 4,797.00 4,786.00 4,785.00 4,784.00 4,784.00 4,777.00 4,775.00 4,775.00 4,774.00 4,769.00 4,766.00
      Share Premium 1,972,218.00 1,970,769.00 1,984,372.00 2,019,830.00 2,025,348.00 2,036,239.00 2,041,650.00 2,046,487.00 2,048,523.00 2,061,230.00 2,084,191.00 2,104,740.00 2,123,057.00 2,198,375.00 2,307,612.00 2,414,398.00 2,518,919.00 2,624,090.00 2,732,748.00 2,877,612.00
      Retained Earnings 88,264.00 111,830.00 99,374.00 90,547.00 99,740.00 86,037.00 103,926.00 100,447.00 97,820.00 87,012.00 86,507.00 82,793.00 84,014.00 26,960.00 -52,435.00 -132,475.00 -211,101.00 -300,428.00 -380,651.00 -464,092.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 1,776,714.00 1,795,020.00 1,801,047.00 1,811,868.00 609,427.00 612,847.00 619,220.00 626,650.00 635,954.00 639,887.00 643,118.00 652,767.00 659,006.00 681,560.00 688,111.00 696,009.00 703,780.00 707,518.00 712,069.00 2,167,434.00
Debt 3,008,694.00 3,023,800.00 3,110,975.00 3,116,958.00 3,171,664.00 3,186,577.00 3,174,873.00 3,213,216.00 3,258,537.00 3,306,667.00 3,331,320.00 3,361,282.00 3,143,169.00 3,157,966.00 3,133,184.00 3,122,910.00 3,095,560.00 3,087,734.00 3,103,428.00 3,091,626.00
Net Debt 0 0 0 0 0 0 3,148,785.00 3,213,150.00 0 0 0 0 0 0 0 0 0 3,087,056.00 3,103,167.00 3,090,986.00
Common Shares Outstanding 476,712.00 479,011.00 479,263.00 479,422.00 481,295.00 481,243.00 480,328.00 479,713.00 479,678.00 479,656.00 478,645.00 478,497.00 478,462.00 478,437.00 477,683.00 477,495.00 477,460.00 477,358.00 476,907.00 476,639.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Revenues 942,922.00 630,966.00 308,292.00 -574,462.00 870,238.00 583,097.00 296,048.00 -552,070.00 833,676.00 552,552.00 276,871.00 -458,974.00 729,148.00 482,097.00 235,764.00 -499,931.00 734,376.00 492,149.00 241,764.00
Cost Of Revenue 177,830.00 119,944.00 56,830.00 -108,320.00 162,051.00 110,327.00 53,918.00 -117,558.00 162,382.00 110,468.00 57,873.00 -79,028.00 131,959.00 85,311.00 42,012.00 -79,431.00 118,368.00 78,869.00 39,314.00
Gross Profit 765,092.00 511,022.00 251,462.00 -466,142.00 708,187.00 472,770.00 242,130.00 -434,512.00 671,294.00 442,084.00 218,998.00 -379,946.00 597,189.00 396,786.00 193,752.00 -420,500.00 616,008.00 413,280.00 202,450.00
Operating Expenses 220,932.00 147,355.00 74,239.00 -1,062,207.00 226,756.00 153,766.00 75,879.00 -991,881.00 215,113.00 148,216.00 70,653.00 -881,201.00 201,869.00 139,236.00 64,598.00 -889,259.00 189,201.00 128,294.00 68,863.00
   Selling, General and Administrative Expenses 66,465.00 45,149.00 23,024.00 -42,887.00 65,312.00 42,440.00 21,221.00 -34,930.00 53,142.00 35,509.00 17,347.00 -37,413.00 47,597.00 34,010.00 17,931.00 -33,264.00 46,991.00 32,181.00 17,930.00
   Other Operating Expenses 154,467.00 102,206.00 51,215.00 -1,019,320.00 161,444.00 111,326.00 54,658.00 -956,951.00 161,971.00 112,707.00 53,306.00 -843,788.00 154,272.00 105,226.00 46,667.00 -855,995.00 142,210.00 96,113.00 50,933.00
Operating Income 544,160.00 363,667.00 177,223.00 596,065.00 481,431.00 319,004.00 166,251.00 557,369.00 456,181.00 293,868.00 148,345.00 501,255.00 395,320.00 257,550.00 129,154.00 468,759.00 426,807.00 284,986.00 133,587.00
Net Non-Operating Income -57,157.00 -38,336.00 -20,390.00 -835,574.00 -88,602.00 -64,117.00 -25,837.00 -778,518.00 -87,420.00 -59,584.00 -30,168.00 -707,774.00 -67,073.00 -43,649.00 -21,047.00 -693,195.00 -85,269.00 -64,813.00 -22,122.00
Interest Expense 143,568.00 96,372.00 48,410.00 -109,081.00 157,306.00 105,494.00 53,308.00 -112,636.00 165,245.00 110,012.00 54,624.00 -81,576.00 137,540.00 89,705.00 44,279.00 -84,871.00 130,915.00 86,371.00 42,866.00
Net Interest -143,568.00 -96,372.00 -48,410.00 109,081.00 -157,306.00 -105,494.00 -53,308.00 112,636.00 -165,245.00 -110,012.00 -54,624.00 81,576.00 -137,540.00 -89,705.00 -44,279.00 84,871.00 -130,915.00 -86,371.00 -42,866.00
EBT 487,003.00 325,331.00 156,833.00 -239,509.00 392,829.00 254,887.00 140,414.00 -221,149.00 368,761.00 234,284.00 118,177.00 -206,519.00 328,247.00 213,901.00 108,107.00 -224,436.00 341,538.00 220,173.00 111,465.00
Income Tax 125,769.00 80,081.00 36,096.00 -56,809.00 103,126.00 64,924.00 36,488.00 -61,570.00 97,422.00 60,765.00 31,670.00 -49,837.00 84,798.00 54,466.00 28,067.00 -55,957.00 88,547.00 56,509.00 28,024.00
Equity Method Investments Income 263,172.00 174,108.00 84,060.00 -164,637.00 248,385.00 165,381.00 82,590.00 -141,759.00 233,475.00 151,284.00 73,368.00 -136,611.00 211,401.00 138,168.00 69,696.00 -116,697.00 199,041.00 126,777.00 62,232.00
Net Income Including Non-Controlling Interests 361,234.00 245,250.00 120,737.00 502,382.00 289,703.00 189,963.00 103,926.00 481,678.00 271,339.00 173,519.00 86,507.00 418,018.00 243,449.00 159,435.00 80,040.00 399,582.00 252,991.00 163,664.00 83,441.00
Net Income Non-Controlling Interests -413.00 -275.00 -138.00 -684,806.00 -413.00 -275.00 -138.00 -640,981.00 -413.00 -275.00 -138.00 -574,424.00 -413.00 -275.00 -138.00 -567,785.00 -413.00 -275.00 -138.00
Net Income 360,821.00 244,975.00 120,599.00 -182,424.00 289,290.00 189,688.00 103,788.00 -159,303.00 270,926.00 173,244.00 86,369.00 -156,406.00 243,036.00 159,160.00 79,902.00 -168,203.00 252,578.00 163,389.00 83,303.00
EBIT 630,571.00 421,703.00 205,243.00 -348,590.00 550,135.00 360,381.00 193,722.00 -333,785.00 534,006.00 344,296.00 172,801.00 -288,095.00 465,787.00 303,606.00 152,386.00 -309,307.00 472,453.00 306,544.00 154,331.00
Deprecation and Amortization 360,166.00 238,232.00 118,500.00 -192,950.00 373,422.00 255,350.00 127,194.00 -282,496.00 414,364.00 282,202.00 141,064.00 -258,732.00 408,378.00 269,294.00 127,272.00 -165,995.00 373,928.00 194,813.00 97,522.00
EBITDA 990,737.00 659,935.00 323,743.00 -541,540.00 923,557.00 615,731.00 320,916.00 -616,281.00 948,370.00 626,498.00 313,865.00 -546,827.00 874,165.00 572,900.00 279,658.00 -475,302.00 846,381.00 501,357.00 251,853.00
EPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 478,719.00 479,074.00 479,064.00 482,126.00 480,765.00 480,500.00 479,897.00 480,574.00 479,267.00 479,059.00 478,612.00 479,155.00 478,144.00 477,983.00 477,646.00 477,963.00 477,196.00 477,071.00 476,850.00
Average Shares Outstanding Diluted 482,867.00 483,408.00 484,378.00 487,241.00 484,910.00 484,534.00 484,303.00 484,701.00 481,908.00 481,420.00 481,459.00 480,356.00 480,342.00 480,329.00 480,173.00 480,789.00 479,501.00 479,382.00 479,272.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Operating Cash Flow 676,961.00 464,125.00 198,942.00 -404,237.00 611,303.00 426,367.00 210,561.00 -342,703.00 570,742.00 368,305.00 182,719.00 -370,217.00 530,976.00 354,181.00 184,664.00 -361,814.00 545,490.00 360,375.00 165,701.00
   Operating Net Income 361,234.00 245,250.00 120,737.00 502,382.00 289,703.00 189,963.00 103,926.00 481,678.00 271,339.00 173,519.00 86,507.00 418,018.00 243,449.00 159,435.00 80,040.00 399,582.00 252,991.00 163,664.00 83,441.00
   Deprecation and Amortization 360,166.00 238,232.00 118,500.00 -192,950.00 373,422.00 255,350.00 127,194.00 -282,496.00 414,364.00 282,202.00 141,064.00 -258,732.00 408,378.00 269,294.00 127,272.00 -165,995.00 373,928.00 194,813.00 97,522.00
   Deferred Income Tax 124,471.00 76,493.00 34,416.00 -56,809.00 103,126.00 64,924.00 36,488.00 -55,193.00 97,422.00 60,765.00 31,670.00 -49,837.00 84,798.00 54,466.00 28,067.00 -55,957.00 88,547.00 56,509.00 28,024.00
   Share Based Compensation 34,835.00 23,809.00 12,402.00 -18,792.00 32,871.00 20,926.00 9,327.00 -12,722.00 23,175.00 14,826.00 6,327.00 -5,677.00 14,026.00 8,473.00 2,832.00 -16,480.00 18,926.00 7,071.00 4,012.00
   Change in Working Capital -31,063.00 -4,341.00 -9,001.00 -16,230.00 3,420.00 32,009.00 28,801.00 -30,067.00 14,412.00 5,842.00 13,498.00 -5,723.00 3,635.00 -10.00 11,464.00 5,528.00 -2,565.00 -3,816.00 -16,088.00
   Other Operating Activities -172,682.00 -115,318.00 -78,112.00 -621,838.00 -191,239.00 -136,805.00 -95,175.00 -443,903.00 -249,970.00 -168,849.00 -96,347.00 -468,266.00 -223,310.00 -137,477.00 -65,011.00 -528,492.00 -186,337.00 -57,866.00 -31,210.00
Investing Cash Flow -119,240.00 -72,334.00 -32,271.00 145,888.00 -203,076.00 -148,422.00 -37,123.00 72,664.00 -129,508.00 -84,211.00 -42,151.00 -31,032.00 -215,956.00 -162,692.00 -84,146.00 25,480.00 -157,365.00 -73,704.00 -27,653.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 113,437.00 67,262.00 30,528.00 -148,388.00 205,157.00 149,791.00 37,121.00 -76,643.00 131,362.00 86,076.00 44,291.00 34,627.00 240,180.00 162,181.00 84,388.00 6,040.00 158,601.00 53,285.00 16,552.00
   Net Purchase/Sale of Investments Net -850.00 -6.00 -5.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 6,653.00 5,078.00 1,748.00 1,500.00 893.00 0 0 -262.00 262.00 262.00 0 0 0 0 0 -1,723.00 2,070.00 966.00 757.00
   Other Investing Activities -238,480.00 -144,668.00 -64,542.00 292,776.00 -409,126.00 -298,213.00 -74,244.00 149,569.00 -261,132.00 -170,549.00 -86,442.00 -65,659.00 -456,136.00 -324,873.00 -168,534.00 21,163.00 -318,036.00 -127,955.00 -44,962.00
Financing Cash Flow -557,721.00 -391,791.00 -166,671.00 232,393.00 -408,293.00 -278,011.00 -147,416.00 270,105.00 -441,234.00 -284,094.00 -140,568.00 401,249.00 -315,020.00 -191,489.00 -100,518.00 336,675.00 -388,765.00 -286,633.00 -138,427.00
   Net Issuance/Repayment of Debt 4,183,700.00 1,230,000.00 615,500.00 -4,383,909.00 3,850,062.00 3,248,062.00 1,722,447.00 2,420,300.00 -105,600.00 -56,500.00 -30,900.00 174,500.00 17,600.00 33,300.00 9,400.00 -1,302,172.00 1,324,672.00 1,317,672.00 11,000.00
   Net Issuance/Repurchase of Equity 86,669.00 45,340.00 28,569.00 28,690.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Dividends Paid 332,233.00 224,409.00 112,753.00 -220,548.00 329,665.00 221,011.00 108,056.00 -219,636.00 327,284.00 219,246.00 108,502.00 -218,165.00 325,533.00 217,720.00 108,287.00 -296,004.00 364,125.00 256,268.00 147,332.00
   Other Financing Activities -5,160,323.00 -1,891,540.00 -923,493.00 4,808,160.00 -4,588,020.00 -3,747,084.00 -1,977,919.00 -1,930,559.00 -662,918.00 -446,840.00 -218,170.00 444,914.00 -658,153.00 -442,509.00 -218,205.00 1,934,851.00 -2,077,562.00 -1,860,573.00 -296,759.00
Net Change in Cash 0 0 0 -25,956.00 -66.00 -66.00 26,022.00 66.00 0 0 0 0 0 0 0 341.00 -640.00 38.00 -379.00
   Cash at Beginning of Period 0 0 0 0.00 66.00 66.00 66.00 0.00 0 0 0 0.00 0 0 0 0.00 640.00 640.00 640.00
   Cash at End of Period 0 0 0 0 0 0 26,088.00 66.00 0 0 0 0 0 0 0 0 0 678.00 261.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0