AMAL - Amalgamated Financial Corp.

AMAL

Valuation Ratios

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Price to Earnings	9.62	9.35	8.73	9.86	9.28
Price to Sales
Book Value Per Common Share	23.07	19.23	16.57	18.11	17.25
Price to Book	1.45	1.40	1.39	0.93	0.80
Price to Operating Cash Flow	6.36	4.87	4.93	6.35	6.50
Price to Free Cash Flow
Enterprise Value to EBITDA	27165.05	26054.21	31007.86	58273.04	54588.36

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	10.65	18.68	35.06		11.71	15.48	26.97		8.08	11.49	25.64		12.26	18.15	39.07		13.29	21.41	42.54
Price to Sales
Book Value Per Common Share				23.07	22.77	21.09	20.22	19.23	17.93	17.29	16.94	16.57	15.90	16.23	16.99	18.11	17.89	17.64	17.33	17.25
Price to Book				1.45	1.38	1.30	1.19	1.40	0.96	0.93	1.04	1.39	1.42	1.22	1.06	0.93	0.88	0.89	0.96	0.80
Price to Operating Cash Flow	8.39	16.15	25.78		10.11	14.12	23.40		5.17	7.94	15.58		7.34	8.99	33.22		9.25	19.69	42.47
Price to Free Cash Flow
Enterprise Value to EBITDA	40344.63	71666.12	135233.67		46945.17	62169.91	107440.10		32592.00	48626.72	114738.10		82138.62	121192.28	262604.50		89474.74	141956.70	282656.65

Earnings Data

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Earning YoY	20.83	9.09	55.29	14.86
Revenue YoY
EBITDA YoY	20.11	37.92	154.66	14.62
Net Profit YoY	20.98	7.98	53.91	14.61

Breakdown	2025-09-30	2025-06-30	2024-09-30	2024-06-30	2024-03-31	2023-09-30	2023-06-30	2023-03-31	2022-09-30	2022-06-30	2021-09-30	2021-06-30
Earning YoY	52.69	103.66	51.41	98.88		52.14	102.90		68.81	136.96	63.01	87.18
Revenue YoY
EBITDA YoY	52.93	102.88	51.78	98.08	1187.57	59.08	114.14	-34.96	68.16	136.12	60.70	87.01
Net Profit YoY	52.51	103.84	51.74	98.18		51.91	101.41		67.93	138.46	63.80	85.39

Financial Strength

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Cash Per Common Share	6.37	8.72	5.31	29.99	7.46
Quick Ratio
Current Ratio
Debt to Equity	5.10	5.95	6.66	5.38	10.16
Long-Term Debt to Equity

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	9.52	13.04	5.64	6.36	12.18	8.30	14.49	8.76	4.58	2.14	9.03	5.33	10.54	28.78	29.84	29.97	48.40	39.71	37.39	7.48
Quick Ratio
Current Ratio
Debt to Equity	10.20	10.43	10.26	5.10	11.05	11.77	12.19	5.95	13.48	13.74	14.09	6.66	15.13	14.95	13.53	5.38	11.33	10.96	10.82	10.16
Long-Term Debt to Equity

Profitability

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
ROA	1.18	1.02	0.97	0.69	0.77
ROE	7.19	7.09	7.40	4.37	8.62
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin

Breakdown	2025-09-30	2025-06-30	2025-03-31	2024-09-30	2024-06-30	2024-03-31	2023-09-30	2023-06-30	2023-03-31	2022-09-30	2022-06-30	2022-03-31	2021-09-30	2021-06-30	2021-03-31
ROA	0.90	0.59	0.30	0.97	0.65	0.33	0.83	0.55	0.27	0.72	0.43	0.19	0.54	0.34	0.19
ROE	10.03	6.77	3.40	11.73	8.36	4.42	11.95	8.13	4.11	11.63	6.78	2.69	6.65	4.12	2.26
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin

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	9,028,940.00	8,628,707.00	8,434,785.00	7,725,848.00	5,978,631.00
Deposits	7,180,605.00	7,011,988.00	6,595,037.00	6,356,255.00	5,338,711.00
Cash and Short-Term Investments	194,927.00	266,557.00	163,718.00	932,874.00	232,317.00
Cash and Cash Equivalents	194,927.00	266,557.00	163,718.00	932,874.00	232,317.00
Short-Term Investments	0	0	0	0	0
Net Receivables	17,900.00	8,000.00	12,100.00	6,660,314.00	7,019,379.00
Inventory	0	0	0	0	0
Other Current Assets	0	0	0	0	0
Property, Plant, Equipment Net	20,617.00	28,881.00	38,092.00	44,850.00	49,081.00
Goodwill	12,936.00	12,936.00	12,936.00	12,936.00	12,936.00
Intangible Assets	9,100.00	6,900.00	5,900.00	4,900.00	5,359.00
Long-Term Investments	8,482.00	13,024.00	8,305.00	6,856.00	11,735.00
Non-Current Deferred Assets	42,437.00	56,603.00	62,507.00	26,719.00	36,079.00
Other Non-Current Assets	0	0	0	0	0
Liabilities	7,549,238.00	7,386,960.00	7,334,169.00	6,514,001.00	5,442,810.00
Payables and Expenses	0	0	0	0	0
Account Payables	0	0	0	0	0
Current Accrued Liabilities	0	0	0	0	0
Short-Term Debt	0	0	0	0	0
Other Current Liabilities	0	0	0	0	0
Long-Term Debt	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0
Equity	1,479,702.00	1,241,747.00	1,100,616.00	1,211,847.00	535,821.00
Shareholders Equity	707,654.00	585,231.00	508,822.00	563,742.00	535,688.00
Capital Stock	308.00	307.00	307.00	311.00	310.00
Share Premium	288,656.00	288,232.00	286,947.00	297,975.00	300,989.00
Retained Earnings	480,144.00	388,033.00	330,275.00	260,047.00	217,213.00
Treasury Shares	2,817.00	5,337.00	0	0	0
Accumulated Other Comprehensive Income	-58,637.00	-86,004.00	-108,707.00	5,409.00	17,176.00
Minority Interest	0	133.00	133.00	133.00	133.00
Investments	32,223.00	63,024.00	4,657,962.00	27,212,905.00	20,510,923.00
Debt	19,734.00	171,738.00	196,195.00	215,822.00	53,173.00
Net Debt	0	0	32,477.00	0	0
Common Shares Outstanding	30,670.98	30,428.36	30,700.20	31,130.14	31,049.53

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Cost Of Revenue	0	0	0	574.00	24,791.00
Interest Income	401,296.00	358,077.00	258,489.00	180,526.00	190,495.00
Interest Expense	121,236.00	99,485.00	21,342.00	6,621.00	10,479.00
Net Interest	282,430.00	261,311.00	239,840.00	174,304.00	180,016.00
Non-Interest Income	33,215.00	29,336.00	23,897.00	28,389.00	40,604.00
Non-Interest Expense	159,772.00	151,247.00	140,571.00	132,255.00	133,886.00
Provisions for Credit Losses	0	0	0	-574.00	24,791.00
Selling, General and Administrative Expenses	46,571.00	45,167.00	45,613.00	46,256.00	49,089.00
EBT	251,221.00	211,929.00	206,576.00	81,978.00	61,943.00
Income Tax	38,353.00	35,973.00	25,336.00	17,960.00	16,185.00
Net Income Including Non-Controlling Interests	0	0	0	0	140,936.00
Net Income Non-Controlling Interests	0	0	0	0	-94,748.00
Net Income	106,434.00	87,978.00	81,477.00	52,937.00	46,188.00
EBIT	372,457.00	311,414.00	227,918.00	88,599.00	72,422.00
Deprecation and Amortization	5,433.00	3,211.00	197.00	976.00	5,727.00
EBITDA	377,890.00	314,625.00	228,115.00	89,575.00	78,149.00
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	30,588.00	30,555.00	30,818.00	31,104.00	31,133.00
Average Shares Outstanding Diluted	30,936.00	30,785.00	31,193.00	31,512.00	31,229.00

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Operating Cash Flow	161,065.00	168,876.00	143,977.00	82,178.00	65,771.00
Operating Net Income	425,736.00	351,912.00	318,884.00	212,738.00	46,188.00
Deprecation and Amortization	5,433.00	3,211.00	197.00	976.00	5,727.00
Deferred Income Tax	5,175.00	4,244.00	14,375.00	7,050.00	-407.00
Share Based Compensation	5,534.00	4,687.00	2,682.00	1,796.00	2,386.00
Change in Working Capital	-8,062.00	-15,392.00	-26,217.00	-18,105.00	-15,172.00
Other Operating Activities	-272,751.00	-179,786.00	-165,944.00	-122,277.00	27,049.00
Investing Cash Flow	-315,947.00	-134,407.00	-1,202,491.00	-907,900.00	-755,137.00
Capital Expenditure	0.00	0.00	0.00	0.00	0.00
Net Purchase/Sale of PPE	1,775.00	1,477.00	1,668.00	2,396.00	3,225.00
Net Purchase/Sale of Investments Net	1,825,968.00	943,019.00	1,978,831.00	2,434,904.00	1,365,802.00
Net Purchase/Sale of Business	0	757.00	7,359.00	5,764.00	31,039.00
Other Investing Activities	-2,143,690.00	-1,079,660.00	-3,190,349.00	-3,350,964.00	-2,155,203.00
Financing Cash Flow	139,332.00	17,094.00	759,567.00	1,160,324.00	605,597.00
Net Issuance/Repayment of Debt	16,325.00	-345,619.00	580,000.00	0	-75,000.00
Net Issuance/Repurchase of Equity	6,067.00	18,662.00	26,286.00	5,418.00	7,001.00
Dividends Paid	14,234.00	12,333.00	11,211.00	17,575.00	9,987.00
Other Financing Activities	102,706.00	331,718.00	142,070.00	1,137,331.00	663,609.00
Net Change in Cash	-15,550.00	51,563.00	-298,947.00	334,602.00	-83,769.00
Cash at Beginning of Period	76,299.00	39,007.00	362,487.00	-4,117.00	122,538.00
Cash at End of Period	60,749.00	90,570.00	63,540.00	330,485.00	38,769.00
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	8,682,974.00	8,621,338.00	8,285,227.00	9,028,940.00	8,413,640.00	8,250,704.00	8,136,682.00	8,628,707.00	7,909,732.00	7,792,812.00	7,836,456.00	8,434,785.00	7,868,217.00	7,943,257.00	7,653,331.00	7,725,848.00	6,859,765.00	6,556,272.00	6,385,226.00	5,978,631.00
Deposits	7,769,969.00	7,733,272.00	7,412,072.00	7,180,605.00	7,594,564.00	7,448,988.00	7,305,765.00	7,011,988.00	6,990,854.00	6,894,651.00	7,041,361.00	6,595,037.00	7,160,307.00	7,291,167.00	6,973,473.00	6,356,255.00	6,224,506.00	5,909,992.00	5,720,067.00	5,338,711.00
Cash and Short-Term Investments	290,044.00	399,172.00	173,079.00	194,927.00	373,297.00	253,447.00	441,650.00	266,557.00	140,219.00	65,715.00	277,225.00	163,718.00	325,280.00	891,002.00	928,236.00	932,874.00	1,510,926.00	1,236,541.00	1,162,114.00	232,317.00
Cash and Cash Equivalents	290,044.00	399,172.00	173,079.00	194,927.00	373,297.00	253,447.00	441,650.00	266,557.00	140,219.00	65,715.00	277,225.00	163,718.00	325,280.00	891,002.00	928,236.00	932,874.00	1,510,926.00	1,236,541.00	1,162,114.00	232,317.00
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	0	0	0	17,900.00	0	0	0	8,000.00	0	0	0	12,100.00	0	8,136,285.00	7,877,890.00	6,660,314.00	6,282,521.00	6,388,934.00	6,555,670.00	7,019,379.00
Inventory	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property, Plant, Equipment Net	17,652.00	20,202.00	19,843.00	20,617.00	22,538.00	24,570.00	26,925.00	28,881.00	31,335.00	33,654.00	35,766.00	38,092.00	40,530.00	42,598.00	45,103.00	44,850.00	47,266.00	47,948.00	47,423.00	49,081.00
Goodwill	12,936.00	12,936.00	12,936.00	12,936.00	12,936.00	12,936.00	12,936.00	12,936.00	12,936.00	12,936.00	12,936.00	12,936.00	12,936.00	12,936.00	12,936.00	12,936.00	12,936.00	12,936.00	12,936.00	12,936.00
Intangible Assets	9,100.00	9,100.00	9,100.00	9,100.00	9,100.00	9,100.00	7,000.00	6,900.00	6,600.00	6,400.00	5,100.00	5,900.00	5,700.00	5,400.00	5,200.00	4,900.00	4,600.00	4,755.00	5,057.00	5,359.00
Long-Term Investments	6,528.00	5,110.00	5,639.00	8,482.00	11,514.00	12,710.00	14,801.00	13,024.00	11,813.00	11,657.00	8,170.00	8,305.00	7,683.00	6,271.00	7,102.00	6,856.00	5,614.00	6,296.00	8,101.00	11,735.00
Non-Current Deferred Assets	28,013.00	33,685.00	33,799.00	42,437.00	38,510.00	47,654.00	49,171.00	56,603.00	63,322.00	63,477.00	62,504.00	62,507.00	64,046.00	56,194.00	46,149.00	26,719.00	24,672.00	24,328.00	26,061.00	36,079.00
Other Non-Current Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Liabilities	7,907,401.00	7,867,354.00	7,549,231.00	7,549,238.00	7,715,308.00	7,604,592.00	7,519,744.00	7,386,960.00	7,363,441.00	7,264,198.00	7,317,298.00	7,334,169.00	7,380,479.00	7,445,216.00	7,126,569.00	6,514,001.00	6,303,375.00	6,008,061.00	5,845,004.00	5,442,810.00
Payables and Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Account Payables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Current Accrued Liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long-Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Equity	775,573.00	753,984.00	735,996.00	1,479,702.00	698,332.00	646,112.00	616,938.00	1,241,747.00	546,291.00	528,614.00	519,158.00	1,100,616.00	487,738.00	498,041.00	526,762.00	1,211,847.00	556,390.00	548,211.00	540,222.00	535,821.00
Shareholders Equity	0	0	0	707,654.00	698,199.00	645,979.00	616,805.00	585,231.00	546,158.00	528,481.00	519,025.00	508,822.00	487,605.00	497,908.00	526,629.00	563,742.00	556,257.00	548,078.00	540,089.00	535,688.00
Capital Stock	310.00	310.00	309.00	308.00	308.00	307.00	307.00	307.00	307.00	307.00	307.00	307.00	307.00	307.00	310.00	311.00	311.00	311.00	312.00	310.00
Share Premium	292,021.00	290,256.00	288,539.00	288,656.00	287,167.00	286,021.00	287,198.00	288,232.00	287,579.00	286,877.00	287,514.00	286,947.00	286,431.00	286,901.00	295,443.00	297,975.00	297,904.00	297,283.00	300,079.00	300,989.00
Retained Earnings	544,901.00	522,405.00	500,783.00	480,144.00	459,398.00	435,202.00	412,190.00	388,033.00	368,420.00	349,204.00	330,673.00	330,275.00	308,743.00	288,868.00	271,722.00	260,047.00	246,665.00	234,769.00	226,887.00	217,213.00
Treasury Shares	26,449.00	16,005.00	6,327.00	2,817.00	1,972.00	1,972.00	4,018.00	5,337.00	4,854.00	2,693.00	2,152.00	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-35,210.00	-42,982.00	-47,308.00	-58,637.00	-46,702.00	-73,579.00	-78,872.00	-86,004.00	-105,294.00	-105,214.00	-97,317.00	-108,707.00	-107,876.00	-78,168.00	-40,846.00	5,409.00	11,377.00	15,715.00	12,811.00	17,176.00
Minority Interest	0	0	0	0	133.00	133.00	133.00	133.00	133.00	133.00	133.00	133.00	133.00	133.00	133.00	133.00	133.00	133.00	133.00	133.00
Investments	65,484.00	62,150.00	47,290.00	32,223.00	86,397.00	150,171.00	146,043.00	63,024.00	11,813.00	11,657.00	23,601.00	4,657,962.00	4,677,786.00	30,213,369.00	31,751,007.00	27,212,905.00	24,989,625.00	23,445,146.00	21,902,935.00	20,510,923.00
Debt	14,800.00	15,395.00	17,190.00	19,734.00	22,292.00	92,901.00	97,820.00	171,738.00	103,669.00	109,567.00	112,070.00	196,195.00	120,908.00	129,504.00	131,753.00	215,822.00	50,416.00	51,165.00	51,057.00	53,173.00
Net Debt	0	0	0	0	0	0	0	0	0	43,852.00	0	32,477.00	0	0	0	0	0	0	0	0
Common Shares Outstanding	30,088.75	30,412.24	30,696.94	30,670.98	30,662.88	30,630.39	30,510.39	30,428.36	30,458.78	30,572.61	30,642.30	30,700.20	30,672.30	30,684.25	30,995.27	31,130.14	31,096.90	31,073.67	31,168.78	31,049.53

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
Cost Of Revenue	0	0	0	0	0	0	0	0	0	0	0	0	0	5,205.00	2,293.00	-16,816.00	7,710.00	3,158.00	6,522.00
Interest Income	314,375.00	204,789.00	100,690.00	-190,245.00	298,712.00	195,895.00	96,934.00	-159,809.00	262,093.00	170,857.00	84,936.00	-81,047.00	179,945.00	109,130.00	50,461.00	-81,369.00	131,639.00	86,839.00	43,417.00
Interest Expense	94,441.00	61,303.00	30,113.00	-55,703.00	89,376.00	58,666.00	28,897.00	-26,865.00	68,101.00	40,593.00	17,656.00	7,534.00	7,451.00	4,264.00	2,093.00	-2,371.00	4,416.00	3,003.00	1,573.00
Net Interest	219,934.00	143,486.00	70,577.00	-132,172.00	209,336.00	137,229.00	68,037.00	-130,225.00	193,992.00	130,264.00	67,280.00	-85,888.00	172,494.00	104,866.00	48,368.00	-78,599.00	127,223.00	83,836.00	41,844.00
Non-Interest Income	23,592.00	14,430.00	6,406.00	-24,927.00	28,426.00	19,487.00	10,229.00	-8,952.00	19,930.00	13,150.00	5,208.00	-17,864.00	19,671.00	14,668.00	7,422.00	-965.00	16,028.00	9,326.00	4,000.00
Non-Interest Expense	125,852.00	82,234.00	41,650.00	-74,673.00	118,629.00	77,664.00	38,152.00	-77,031.00	113,495.00	76,156.00	38,627.00	-67,570.00	105,001.00	68,743.00	34,397.00	-61,950.00	97,223.00	64,189.00	32,793.00
Provisions for Credit Losses	0	0	0	0	0	0	0	0	0	0	0	0	0	5,205.00	2,293.00	16,816.00	-7,710.00	-3,158.00	-6,522.00
Selling, General and Administrative Expenses	39,674.00	26,356.00	13,702.00	-22,266.00	34,909.00	22,800.00	11,128.00	-23,670.00	34,002.00	23,070.00	11,765.00	-25,444.00	35,181.00	23,583.00	12,293.00	-18,392.00	32,608.00	21,276.00	10,764.00
EBT	106,887.00	70,196.00	34,737.00	25,857.00	112,535.00	74,303.00	38,526.00	35,153.00	89,514.00	58,359.00	28,903.00	65,294.00	76,596.00	45,586.00	19,100.00	-14,769.00	49,883.00	30,552.00	16,312.00
Income Tax	29,080.00	19,179.00	9,709.00	-23,816.00	30,591.00	20,301.00	11,277.00	-11,205.00	24,230.00	15,383.00	7,565.00	-10,875.00	19,482.00	11,750.00	4,979.00	-7,281.00	13,071.00	8,044.00	4,126.00
Net Income Including Non-Controlling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	14,413.00	0	112,175.00	68,303.00	36,603.00
Net Income Non-Controlling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-248.00	0	-75,162.00	-45,706.00	-24,414.00
Net Income	77,807.00	51,017.00	25,028.00	-56,761.00	81,944.00	54,002.00	27,249.00	-41,620.00	65,284.00	42,976.00	21,338.00	-23,188.00	56,722.00	33,778.00	14,165.00	-18,862.00	37,013.00	22,597.00	12,189.00
EBIT	201,328.00	131,499.00	64,850.00	-29,846.00	201,911.00	132,969.00	67,423.00	8,288.00	157,615.00	98,952.00	46,559.00	72,828.00	84,047.00	49,850.00	21,193.00	-17,140.00	54,299.00	33,555.00	17,885.00
Deprecation and Amortization	1,148.00	896.00	409.00	-299.00	2,979.00	2,025.00	728.00	-2,995.00	3,313.00	2,210.00	683.00	-198.00	157.00	224.00	14.00	-746.00	667.00	650.00	405.00
EBITDA	202,476.00	132,395.00	65,259.00	-30,145.00	204,890.00	134,994.00	68,151.00	5,293.00	160,928.00	101,162.00	47,242.00	72,630.00	84,204.00	50,074.00	21,207.00	-17,886.00	54,966.00	34,205.00	18,290.00
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	30,470.00	30,619.00	30,682.00	30,679.00	30,646.00	30,551.00	30,476.00	30,251.00	30,601.00	30,662.00	30,706.00	30,339.00	30,864.00	30,962.00	31,107.00	30,982.00	31,216.00	31,136.00	31,082.00
Average Shares Outstanding Diluted	30,754.00	30,872.00	30,946.00	31,264.00	30,911.00	30,832.00	30,737.00	30,643.00	30,738.00	30,820.00	30,939.00	30,761.00	31,223.00	31,332.00	31,456.00	31,368.00	31,584.00	31,572.00	31,524.00

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	98,638.00	59,139.00	34,214.00	-24,536.00	95,059.00	59,280.00	31,262.00	-29,997.00	101,907.00	62,113.00	34,853.00	-35,813.00	94,868.00	68,093.00	16,829.00	-8,080.00	53,400.00	24,716.00	12,142.00
Operating Net Income	77,807.00	51,017.00	75,084.00	-63,849.00	245,832.00	162,006.00	81,747.00	-36,882.00	195,852.00	128,928.00	64,014.00	7,353.00	167,990.00	101,046.00	42,495.00	140,939.00	37,013.00	22,597.00	12,189.00
Deprecation and Amortization	1,148.00	896.00	409.00	-299.00	2,979.00	2,025.00	728.00	-2,995.00	3,313.00	2,210.00	683.00	592.00	-157.00	-224.00	-14.00	-746.00	667.00	650.00	405.00
Deferred Income Tax	5,786.00	3,001.00	4,476.00	-7,174.00	3,320.00	4,279.00	4,750.00	-9,926.00	5,523.00	5,339.00	3,308.00	8,344.00	5,665.00	2,242.00	-1,876.00	-5,646.00	5,373.00	4,089.00	3,234.00
Share Based Compensation	4,935.00	3,157.00	1,437.00	-2,100.00	3,954.00	2,599.00	1,081.00	-2,015.00	3,425.00	2,240.00	1,037.00	-1,279.00	1,954.00	1,346.00	661.00	-923.00	1,377.00	754.00	588.00
Change in Working Capital	-11,123.00	-18,633.00	-22,150.00	64,227.00	-18,873.00	-23,969.00	-29,447.00	27,787.00	-18,438.00	-10,363.00	-14,378.00	25,532.00	-19,667.00	-24,707.00	-7,375.00	35,503.00	-17,692.00	-13,337.00	-22,579.00
Other Operating Activities	20,085.00	19,701.00	-25,042.00	-15,341.00	-142,153.00	-87,660.00	-27,597.00	-5,966.00	-87,768.00	-66,241.00	-19,811.00	-76,355.00	-60,917.00	-11,610.00	-17,062.00	-177,207.00	26,662.00	9,963.00	18,305.00
Investing Cash Flow	-356,000.00	-238,985.00	-6,611.00	439,761.00	-371,243.00	-293,217.00	-91,248.00	-121,949.00	-52,455.00	4,893.00	35,104.00	1,576,289.00	-1,210,404.00	-983,571.00	-584,805.00	-630,863.00	-275,790.00	-77,883.00	76,636.00
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	2,280.00	1,087.00	1,753.00	79.00	1,037.00	452.00	207.00	-848.00	1,219.00	843.00	263.00	-1,562.00	1,487.00	925.00	818.00	-2,391.00	2,216.00	1,724.00	847.00
Net Purchase/Sale of Investments Net	1,415,687.00	809,133.00	295,157.00	-971,298.00	1,431,700.00	997,440.00	368,126.00	-600,441.00	723,839.00	494,977.00	324,644.00	-1,762,105.00	1,705,220.00	1,321,694.00	714,022.00	-755,879.00	1,719,092.00	1,078,540.00	393,151.00
Net Purchase/Sale of Business	0	0	0	0	0	0	0	757.00	0	0	0	7,359.00	0	0	0	5,764.00	0	0	0
Other Investing Activities	-1,773,967.00	-1,049,205.00	-303,521.00	1,410,980.00	-1,803,980.00	-1,291,109.00	-459,581.00	478,583.00	-777,513.00	-490,927.00	-289,803.00	3,332,597.00	-2,917,111.00	-2,306,190.00	-1,299,645.00	121,643.00	-1,997,098.00	-1,158,147.00	-317,362.00
Financing Cash Flow	312,157.00	290,163.00	-22,638.00	-521,469.00	334,821.00	201,360.00	124,620.00	57,298.00	27,227.00	-64,831.00	-2,600.00	-1,620,772.00	851,274.00	917,531.00	611,534.00	-652,762.00	873,867.00	561,843.00	377,376.00
Net Issuance/Repayment of Debt	-238,994.00	-238,994.00	-244,754.00	636,444.00	-229,627.00	-225,246.00	-165,246.00	-665,619.00	230,000.00	230,000.00	-140,000.00	505,000.00	75,000.00	0	0	0	0	0	0
Net Issuance/Repurchase of Equity	24,869.00	14,221.00	4,300.00	3,886.00	917.00	735.00	529.00	2,874.00	7,879.00	5,096.00	2,813.00	-1,782.00	12,994.00	12,081.00	2,993.00	-844.00	2,920.00	2,920.00	422.00
Dividends Paid	13,013.00	8,767.00	4,288.00	-6,286.00	10,550.00	6,855.00	3,115.00	-6,248.00	9,277.00	6,222.00	3,082.00	-4,262.00	8,026.00	4,957.00	2,490.00	2,645.00	7,467.00	4,979.00	2,484.00
Other Financing Activities	513,269.00	506,169.00	213,528.00	-1,155,513.00	552,981.00	419,016.00	286,222.00	726,291.00	-219,929.00	-306,149.00	131,505.00	-2,119,728.00	755,254.00	900,493.00	606,051.00	-654,563.00	863,480.00	553,944.00	374,470.00
Net Change in Cash	54,795.00	110,317.00	4,965.00	-106,244.00	58,637.00	-32,577.00	64,634.00	-94,648.00	76,679.00	2,175.00	67,357.00	-80,296.00	-264,262.00	2,053.00	43,558.00	-1,291,705.00	651,477.00	508,676.00	466,154.00
Cash at Beginning of Period	60,749.00	60,749.00	60,749.00	166,993.00	90,570.00	90,570.00	90,570.00	185,218.00	63,540.00	63,540.00	63,540.00	143,836.00	330,485.00	330,485.00	330,485.00	1,622,190.00	38,769.00	38,769.00	38,769.00
Cash at End of Period	115,544.00	171,066.00	65,714.00	60,749.00	149,207.00	57,993.00	155,204.00	90,570.00	140,219.00	65,715.00	130,897.00	63,540.00	66,223.00	332,538.00	374,043.00	330,485.00	690,246.00	547,445.00	504,923.00
Free Cash Flow	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0