Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 23.70 22.99 32.07 41.56
Price to Sales 3.48 2.40 1.63 1.45
Book Value Per Common Share 8.17 5.65 5.62 5.88
Price to Book 3.05 2.72 1.60 1.27
Price to Operating Cash Flow 9.39 7.65 6.77 4.78
Price to Free Cash Flow
Enterprise Value to EBITDA 72934.52 56080.48 41807.47 34399.16
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
Price to Earnings 22.68 32.67 65.60 28.91 42.13 75.65 27.39 64.06 97.70 30.57 68.92 923.00 58.93 111.38
Price to Sales 4.13 5.93 13.15 3.85 5.79 11.30 2.66 3.31 6.55 1.57 3.06 7.15 2.13 3.45 7.35
Book Value Per Common Share 8.15 8.07 7.76 8.16 5.80 5.72 5.58 5.54 5.54 5.68 5.72 5.71 5.96 6.03 6.10
Price to Book 3.23 3.08 3.38 2.48 3.49 3.44 2.26 1.85 1.77 1.13 1.45 1.62 1.38 1.48 1.56
Price to Operating Cash Flow 11.27 17.82 39.49 10.49 14.98 22.02 8.15 13.36 17.14 5.91 14.12 18.40 5.99 10.66 18.53
Price to Free Cash Flow
Enterprise Value to EBITDA 77930.91 113888.09 242193.77 84892.47 127510.72 243235.64 62867.15 80955.33 166913.14 39345.74 76912.12 196522.12 49582.82 80238.04 163057.13

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 56.72 139.29 55.56
Revenue YoY 16.89 17.12 8.20 -10.69
EBITDA YoY 30.65 28.54 -0.18 54.99
Net Profit YoY 64.03 137.04 56.98
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
Earning YoY 52.63 90.00 45.83 84.62 187.50 60.00 75.00 1100.00 75.00
Revenue YoY 52.37 110.37 54.20 100.76 53.07 107.71 51.73 109.45 49.91 100.09
EBITDA YoY 54.88 101.81 54.12 96.29 58.14 116.65 52.07 129.20 49.92 90.94
Net Profit YoY 53.06 89.51 50.05 84.93 75.01 149.55 83.24 973.04 72.01 209.93

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 0.03 0.01 0.01 0.01 0.01
Quick Ratio 0.73 0.82 0.94 1.53 1.80
Current Ratio 1.24 1.40 1.56 1.49 1.63
Debt to Equity 0.28 0.29 0.29 0.29 0.29
Long-Term Debt to Equity 0.26 0.27 0.27 0.26 0.27
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
Cash Per Common Share 0.02 0.03 0.03 0.02 0.01 0.01 0.00 0.01 0.02 0.01 0.01 0.01 0.02 0.02 0.01
Quick Ratio 0.90 0.89 1.00 0.78 0.87 0.69 0.81 0.86 0.64 0.67 1.66 1.30 1.35 1.64 1.55
Current Ratio 1.56 1.81 1.47 1.26 1.53 1.26 1.41 1.57 1.19 1.13 1.43 1.17 1.22 1.50 1.40
Debt to Equity 2.09 2.13 1.93 1.96 2.03 2.02 2.10 2.13 2.07 2.00 1.98 1.98 1.90 1.95 1.95
Long-Term Debt to Equity 1.94 1.99 1.79 1.81 1.88 1.85 1.92 1.97 1.86 1.77 1.80 1.79 1.73 1.81 1.80

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 1.51 1.33 0.58 0.37 -0.84
ROE 1.94 1.72 0.75 0.47 -1.08
Gross Margin 43.70 54.66 50.39 54.07 56.89
Operating Margin 30.75 25.62 19.14 18.82 2.26
EBITDA Margin 47.77 42.74 38.95 42.22 24.33
Net Profit Margin 14.88 10.60 5.24 3.61 -7.82
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 4.65 3.02 1.78 2.95 2.77 1.52 2.69 1.54 0.63 1.30 0.71 0.07 0.85 0.48 0.15
ROE 14.37 9.48 5.22 8.71 8.38 4.60 8.36 4.81 1.93 3.89 2.11 0.20 2.46 1.41 0.45
Gross Margin 47.09 46.34 47.38 58.93 57.85 58.01 53.92 76.67 50.66 50.42 50.80 52.77 54.29 54.99 55.41
Operating Margin 35.77 35.26 37.37 28.80 28.99 30.14 25.06 23.55 21.42 19.67 18.99 14.15 19.98 20.05 21.72
EBITDA Margin 52.96 52.10 54.31 45.39 45.41 46.45 42.30 40.95 39.26 39.89 39.80 36.37 43.04 43.04 45.11
Net Profit Margin 18.47 18.39 20.41 13.53 13.91 15.10 9.85 8.62 7.17 5.40 4.47 0.87 3.79 3.30 2.13

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 2024-09-30 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
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 11,375,240.00 7,879,773.00 7,681,341.00 7,649,346.00 8,188,257.00
   Current Assets 233,122.00 213,157.00 231,960.00 186,570.00 182,011.00
      Cash and Short-Term Investments 4,420.00 1,338.00 1,566.00 1,569.00 1,097.00
            Cash and Cash Equivalents 4,420.00 1,338.00 1,566.00 1,569.00 1,097.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 132,478.00 124,069.00 137,544.00 189,631.00 200,025.00
      Inventory 89,686.00 81,761.00 84,622.00 72,869.00 63,670.00
      Other Current Assets 6,538.00 5,989.00 8,228.00 -77,499.00 -82,781.00
   Non-Current Assets 11,142,118.00 7,666,616.00 7,449,381.00 7,462,776.00 8,006,246.00
      Property, Plant, Equipment Net 3,339,195.00 2,316,079.00 2,215,959.00 2,244,017.00 2,408,910.00
      Goodwill 52,155.00 0 0 0 0
      Intangible Assets 98,271.00 30,182.00 37,077.00 47,887.00 61,531.00
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 2,975.00 3,192.00 33,353.00 47,879.00 56,934.00
      Other Non-Current Assets 7,649,522.00 5,317,163.00 5,162,992.00 5,122,993.00 5,478,871.00
Liabilities 2,500,674.00 1,784,929.00 1,738,057.00 1,698,528.00 1,844,165.00
   Current Liabilities 188,604.00 152,143.00 148,571.00 125,254.00 111,692.00
      Payables and Expenses 181,672.00 146,407.00 141,239.00 121,437.00 107,812.00
            Account Payables 57,567.00 61,026.00 64,324.00 38,920.00 30,819.00
            Current Accrued Liabilities 124,105.00 85,381.00 76,915.00 82,517.00 76,993.00
      Short-Term Debt 4,121.00 3,160.00 3,244.00 2,940.00 3,564.00
      Other Current Liabilities 2,811.00 2,576.00 4,088.00 877.00 316.00
   Non-Current Liabilities 2,312,070.00 1,632,786.00 1,589,486.00 1,573,274.00 1,732,473.00
      Long-Term Debt 4,409,167.00 3,182,009.00 3,111,529.00 3,077,590.00 3,394,659.00
      Other Non-Current Liabilities -2,097,097.00 -1,549,223.00 -1,522,043.00 -1,504,316.00 -1,662,186.00
Equity 8,874,566.00 6,094,844.00 5,943,284.00 5,950,818.00 6,344,092.00
   Shareholders Equity 1,323,531.00 871,021.00 860,693.00 891,438.00 0
      Capital Stock 1,854.00 1,650.00 1,634.00 1,615.00 1,600.00
      Share Premium 3,880,936.00 3,470,576.00 3,456,777.00 3,440,059.00 3,424,624.00
      Retained Earnings -2,438,074.00 -2,499,931.00 -2,509,133.00 -2,463,114.00 -2,401,988.00
      Treasury Shares 121,185.00 101,274.00 88,585.00 86,138.00 83,673.00
      Accumulated Other Comprehensive Income 0 0 0 -984.00 -5,006.00
   Minority Interest 0 0 0 0 0
Debt 4,409,167.00 3,182,009.00 3,111,529.00 3,077,590.00 3,394,659.00
Net Debt 4,404,747.00 3,180,671.00 3,109,963.00 3,076,021.00 3,393,562.00
Common Shares Outstanding 0 0 0 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 1,157,591.00 990,337.00 845,568.00 781,461.00 874,970.00
Cost Of Revenue 651,695.00 449,019.00 419,484.00 358,917.00 377,193.00
Gross Profit 505,896.00 541,318.00 426,084.00 422,544.00 497,777.00
   Selling, General and Administrative Expenses 139,121.00 116,639.00 117,184.00 107,167.00 105,100.00
Interest Expense 123,610.00 111,488.00 101,259.00 108,135.00 105,716.00
EBT 232,380.00 142,247.00 60,589.00 38,961.00 -85,982.00
Income Tax 60,149.00 37,249.00 16,293.00 10,744.00 17,537.00
Net Income Including Non-Controlling Interests 0 0 0 0 -68,445.00
Net Income Non-Controlling Interests 0 0 0 0 0.00
Net Income 172,231.00 104,998.00 44,296.00 28,217.00 -68,445.00
EBIT 355,990.00 253,735.00 161,848.00 147,096.00 19,734.00
Deprecation and Amortization 197,046.00 169,560.00 167,465.00 182,826.00 193,138.00
EBITDA 553,036.00 423,295.00 329,313.00 329,922.00 212,872.00
EPS 0.00 0.00 0.00 0.00 0
Diluted EPS 0.00 0.00 0.00 0.00 0
Average Shares Outstanding Basic 162,037.00 154,126.00 153,281.00 151,684.00 150,828.00
Average Shares Outstanding Diluted 162,375.00 154,344.00 153,410.00 151,830.00 150,828.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 429,591.00 310,187.00 203,450.00 237,400.00 335,278.00
   Operating Net Income 172,231.00 104,998.00 44,296.00 28,217.00 -68,445.00
   Deprecation and Amortization 197,046.00 169,560.00 167,465.00 182,826.00 193,138.00
   Deferred Income Tax 58,090.00 35,658.00 15,229.00 10,379.00 -17,764.00
   Share Based Compensation 14,646.00 12,998.00 11,928.00 11,336.00 10,551.00
   Change in Working Capital -11,787.00 -5,234.00 46,628.00 13,299.00 -49,806.00
   Other Operating Activities -635.00 -7,793.00 -82,096.00 -8,657.00 267,604.00
Investing Cash Flow -1,160,063.00 -232,491.00 -130,916.00 16,107.00 -85,031.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 1,142,717.00 669,470.00 239,867.00 225,332.00 438,315.00
   Net Purchase/Sale of Investments Net 3,797.00 14,187.00 14,667.00 0 0
   Net Purchase/Sale of Business 866,170.00 0 20,654.00 83,345.00 33,651.00
   Other Investing Activities -3,172,747.00 -916,148.00 -406,104.00 -292,570.00 -556,997.00
Financing Cash Flow 733,554.00 -77,924.00 -72,537.00 -253,035.00 -252,835.00
   Net Issuance/Repayment of Debt 2,737,700.00 1,569,875.00 1,636,716.00 1,568,002.00 2,253,375.00
   Net Issuance/Repurchase of Equity 269,084.00 8,860.00 10,823.00 9,266.00 1,804.00
   Dividends Paid 110,374.00 95,796.00 90,315.00 89,343.00 88,832.00
   Other Financing Activities -2,383,604.00 -1,752,455.00 -1,810,391.00 -1,919,646.00 -2,596,846.00
Net Change in Cash 3,082.00 -228.00 -3.00 472.00 -2,588.00
   Cash at Beginning of Period 1,338.00 1,566.00 1,569.00 1,097.00 3,685.00
   Cash at End of Period 4,420.00 1,338.00 1,566.00 1,569.00 1,097.00
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 4,415,215.00 4,438,969.00 3,972,839.00 11,375,240.00 3,816,248.00 2,710,647.00 2,662,944.00 7,879,773.00 2,672,110.00 2,680,020.00 2,619,906.00 7,681,341.00 2,605,601.00 2,601,326.00 2,600,020.00 7,649,346.00 2,618,224.00 2,695,658.00 2,722,531.00 8,188,257.00
   Current Assets 319,843.00 376,188.00 271,973.00 233,122.00 244,681.00 204,174.00 193,706.00 213,157.00 224,877.00 223,568.00 210,623.00 231,960.00 220,284.00 217,035.00 196,384.00 186,570.00 186,706.00 187,855.00 188,310.00 182,011.00
      Cash and Short-Term Investments 4,083.00 5,861.00 4,836.00 4,420.00 3,749.00 919.00 1,155.00 1,338.00 482.00 1,193.00 3,051.00 1,566.00 2,042.00 1,950.00 1,262.00 1,569.00 3,488.00 3,312.00 1,933.00 1,097.00
            Cash and Cash Equivalents 4,083.00 5,861.00 4,836.00 4,420.00 3,749.00 919.00 1,155.00 1,338.00 482.00 1,193.00 3,051.00 1,566.00 2,042.00 1,950.00 1,262.00 1,569.00 3,488.00 3,312.00 1,933.00 1,097.00
            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 179,888.00 179,922.00 179,529.00 132,478.00 149,019.00 115,351.00 105,295.00 124,069.00 129,306.00 120,676.00 110,994.00 137,544.00 127,334.00 250,323.00 218,162.00 189,631.00 204,236.00 202,393.00 206,935.00 200,025.00
      Inventory 119,830.00 113,907.00 102,476.00 89,686.00 84,366.00 79,233.00 80,358.00 81,761.00 87,942.00 93,128.00 89,632.00 84,622.00 84,091.00 77,636.00 73,596.00 72,869.00 66,630.00 65,885.00 66,024.00 63,670.00
      Other Current Assets 16,042.00 76,498.00 -14,868.00 6,538.00 7,547.00 8,671.00 6,898.00 5,989.00 7,147.00 8,571.00 6,946.00 8,228.00 6,817.00 -112,874.00 -96,636.00 -77,499.00 -87,648.00 -83,735.00 -86,582.00 -82,781.00
   Non-Current Assets 4,095,372.00 4,062,781.00 3,700,866.00 11,142,118.00 3,571,567.00 2,506,473.00 2,469,238.00 7,666,616.00 2,447,233.00 2,456,452.00 2,409,283.00 7,449,381.00 2,385,317.00 2,384,291.00 2,403,636.00 7,462,776.00 2,431,518.00 2,507,803.00 2,534,221.00 8,006,246.00
      Property, Plant, Equipment Net 3,714,339.00 3,677,111.00 3,444,794.00 3,339,195.00 3,276,248.00 2,386,550.00 2,346,352.00 2,316,079.00 2,317,283.00 2,315,961.00 2,262,356.00 2,215,959.00 2,230,755.00 2,228,540.00 2,247,250.00 2,244,017.00 2,270,482.00 2,340,804.00 2,361,149.00 2,408,910.00
      Goodwill 124,018.00 124,266.00 52,155.00 52,155.00 116,937.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 147,923.00 152,843.00 95,543.00 98,271.00 78,197.00 27,293.00 28,737.00 30,182.00 31,681.00 33,315.00 35,196.00 37,077.00 39,019.00 42,187.00 45,374.00 47,887.00 50,815.00 54,684.00 57,369.00 61,531.00
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 1,932.00 2,461.00 2,707.00 2,975.00 2,138.00 2,445.00 2,847.00 3,192.00 10,984.00 20,762.00 29,146.00 33,353.00 37,001.00 41,096.00 47,504.00 47,879.00 48,227.00 51,294.00 53,602.00 56,934.00
      Other Non-Current Assets 107,160.00 106,100.00 105,667.00 7,649,522.00 98,047.00 90,185.00 91,302.00 5,317,163.00 87,285.00 86,414.00 82,585.00 5,162,992.00 78,542.00 72,468.00 63,508.00 5,122,993.00 61,994.00 61,021.00 62,101.00 5,478,871.00
Liabilities 2,985,039.00 3,022,874.00 2,614,749.00 2,500,674.00 2,525,512.00 1,816,151.00 1,780,864.00 1,784,929.00 1,811,017.00 1,824,487.00 1,766,856.00 1,738,057.00 1,735,785.00 1,727,408.00 1,727,697.00 1,698,528.00 1,714,177.00 1,781,837.00 1,799,407.00 1,844,165.00
   Current Liabilities 205,477.00 208,079.00 184,627.00 188,604.00 194,661.00 133,192.00 153,246.00 152,143.00 159,375.00 142,097.00 177,101.00 148,571.00 194,330.00 151,529.00 168,310.00 125,254.00 153,423.00 125,550.00 134,733.00 111,692.00
      Payables and Expenses 196,388.00 200,021.00 176,359.00 181,672.00 189,423.00 127,531.00 147,468.00 146,407.00 153,101.00 136,836.00 171,212.00 141,239.00 186,623.00 145,074.00 161,046.00 121,437.00 149,438.00 122,472.00 131,634.00 107,812.00
            Account Payables 57,747.00 80,663.00 64,019.00 57,567.00 70,120.00 43,976.00 48,717.00 61,026.00 52,000.00 65,333.00 78,999.00 64,324.00 89,602.00 78,108.00 70,878.00 38,920.00 44,685.00 45,096.00 35,190.00 30,819.00
            Current Accrued Liabilities 138,641.00 119,358.00 112,340.00 124,105.00 119,303.00 83,555.00 98,751.00 85,381.00 101,101.00 71,503.00 92,213.00 76,915.00 97,021.00 66,966.00 90,168.00 82,517.00 104,753.00 77,376.00 96,444.00 76,993.00
      Short-Term Debt 0 0 0 4,121.00 0 0 0 3,160.00 0 0 0 3,244.00 0 0 0 2,940.00 0 0 0 3,564.00
      Other Current Liabilities 9,089.00 8,058.00 8,268.00 2,811.00 5,238.00 5,661.00 5,778.00 2,576.00 6,274.00 5,261.00 5,889.00 4,088.00 7,707.00 6,455.00 7,264.00 877.00 3,985.00 3,078.00 3,099.00 316.00
   Non-Current Liabilities 2,779,562.00 2,814,795.00 2,430,122.00 2,312,070.00 2,330,851.00 1,682,959.00 1,627,618.00 1,632,786.00 1,651,642.00 1,682,390.00 1,589,755.00 1,589,486.00 1,541,455.00 1,575,879.00 1,559,387.00 1,573,274.00 1,560,754.00 1,656,287.00 1,664,674.00 1,732,473.00
      Long-Term Debt 5,131,660.00 5,238,924.00 4,607,987.00 4,409,167.00 4,484,798.00 3,230,303.00 3,145,496.00 3,182,009.00 3,222,036.00 3,291,944.00 3,108,718.00 3,111,529.00 3,012,076.00 3,079,863.00 3,049,478.00 3,077,590.00 3,048,724.00 3,241,426.00 3,255,417.00 3,394,659.00
      Other Non-Current Liabilities -2,352,098.00 -2,424,129.00 -2,177,865.00 -2,097,097.00 -2,153,947.00 -1,547,344.00 -1,517,878.00 -1,549,223.00 -1,570,394.00 -1,609,554.00 -1,518,963.00 -1,522,043.00 -1,470,621.00 -1,503,984.00 -1,490,091.00 -1,504,316.00 -1,487,970.00 -1,585,139.00 -1,590,743.00 -1,662,186.00
Equity 1,430,176.00 1,416,095.00 1,358,090.00 8,874,566.00 1,290,736.00 894,496.00 882,080.00 6,094,844.00 861,093.00 855,533.00 853,050.00 5,943,284.00 869,816.00 873,918.00 872,323.00 5,950,818.00 904,047.00 913,821.00 923,124.00 6,344,092.00
   Shareholders Equity 1,422,279.00 1,408,440.00 1,349,983.00 1,323,531.00 1,290,736.00 894,496.00 882,080.00 871,021.00 861,093.00 855,533.00 853,050.00 860,693.00 869,816.00 873,918.00 872,323.00 891,438.00 904,047.00 913,821.00 923,124.00 0
      Capital Stock 1,847.00 1,858.00 1,863.00 1,854.00 1,854.00 1,658.00 1,657.00 1,650.00 1,649.00 1,649.00 1,649.00 1,634.00 1,633.00 1,633.00 1,629.00 1,615.00 1,614.00 1,613.00 1,613.00 1,600.00
      Share Premium 3,871,699.00 3,892,168.00 3,885,911.00 3,880,936.00 3,877,203.00 3,478,597.00 3,474,777.00 3,470,576.00 3,467,051.00 3,463,668.00 3,460,259.00 3,456,777.00 3,453,720.00 3,450,603.00 3,443,261.00 3,440,059.00 3,437,298.00 3,434,224.00 3,430,910.00 3,424,624.00
      Retained Earnings -2,337,282.00 -2,371,609.00 -2,401,409.00 -2,438,074.00 -2,467,142.00 -2,476,793.00 -2,485,399.00 -2,499,931.00 -2,508,743.00 -2,515,351.00 -2,516,500.00 -2,509,133.00 -2,497,002.00 -2,489,814.00 -2,484,066.00 -2,463,114.00 -2,446,755.00 -2,433,553.00 -2,419,974.00 -2,401,988.00
      Treasury Shares 113,985.00 113,977.00 136,382.00 121,185.00 121,179.00 108,966.00 108,955.00 101,274.00 98,864.00 94,433.00 92,358.00 88,585.00 88,535.00 88,504.00 88,501.00 86,138.00 86,082.00 85,419.00 85,415.00 83,673.00
      Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -984.00 -2,028.00 -3,044.00 -4,010.00 -5,006.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Debt 5,131,660.00 5,238,924.00 4,607,987.00 4,409,167.00 4,484,798.00 3,230,303.00 3,145,496.00 3,182,009.00 3,222,036.00 3,291,944.00 3,108,718.00 3,111,529.00 3,012,076.00 3,079,863.00 3,049,478.00 3,077,590.00 3,048,724.00 3,241,426.00 3,255,417.00 3,394,659.00
Net Debt 5,127,577.00 5,233,063.00 4,603,151.00 4,404,747.00 4,481,049.00 3,229,384.00 3,144,341.00 3,180,671.00 3,221,554.00 3,290,751.00 3,105,667.00 3,109,963.00 3,010,034.00 3,077,913.00 3,048,216.00 3,076,021.00 3,045,236.00 3,238,114.00 3,253,484.00 3,393,562.00
Common Shares Outstanding 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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
Revenues 1,112,745.00 730,315.00 347,163.00 -481,086.00 831,175.00 539,014.00 268,488.00 -447,618.00 730,744.00 477,377.00 229,834.00 -391,359.00 626,697.00 413,029.00 197,201.00 -391,228.00 586,212.00 391,046.00 195,431.00
Cost Of Revenue 588,808.00 391,853.00 182,676.00 -29,611.00 341,384.00 227,179.00 112,743.00 -112,474.00 336,727.00 111,376.00 113,390.00 -187,590.00 310,731.00 203,204.00 93,139.00 -172,213.00 267,957.00 176,025.00 87,148.00
Gross Profit 523,937.00 338,462.00 164,487.00 -451,475.00 489,791.00 311,835.00 155,745.00 -335,144.00 394,017.00 366,001.00 116,444.00 -203,769.00 315,966.00 209,825.00 104,062.00 -219,015.00 318,255.00 215,021.00 108,283.00
   Selling, General and Administrative Expenses 111,127.00 73,451.00 37,207.00 -52,259.00 96,887.00 62,828.00 31,665.00 -48,492.00 83,632.00 55,074.00 26,425.00 -52,017.00 85,964.00 55,464.00 27,773.00 -49,078.00 80,000.00 51,161.00 25,084.00
Interest Expense 123,113.00 79,452.00 37,741.00 -44,289.00 85,372.00 55,193.00 27,334.00 -53,854.00 83,550.00 55,211.00 26,581.00 -48,568.00 74,879.00 49,702.00 25,246.00 -63,024.00 82,711.00 57,203.00 31,245.00
EBT 274,884.00 178,026.00 91,986.00 -76,288.00 154,018.00 101,065.00 53,585.00 -37,162.00 99,539.00 57,227.00 22,643.00 -19,168.00 48,365.00 28,728.00 2,664.00 -27,873.00 34,435.00 21,206.00 11,193.00
Income Tax 68,994.00 43,569.00 21,136.00 -20,557.00 41,545.00 26,108.00 13,053.00 -6,383.00 27,543.00 9,931.00 6,158.00 -9,438.00 14,527.00 10,261.00 943.00 -16,775.00 12,210.00 8,285.00 7,024.00
Net Income 205,518.00 134,270.00 70,850.00 -55,731.00 112,473.00 74,957.00 40,532.00 -24,621.00 71,996.00 41,138.00 16,485.00 -9,730.00 33,838.00 18,467.00 1,721.00 -11,098.00 22,225.00 12,921.00 4,169.00
EBIT 397,997.00 257,478.00 129,727.00 -120,577.00 239,390.00 156,258.00 80,919.00 -91,016.00 183,089.00 112,438.00 49,224.00 -67,736.00 123,244.00 78,430.00 27,910.00 -90,897.00 117,146.00 78,409.00 42,438.00
Deprecation and Amortization 191,358.00 123,043.00 58,824.00 -73,105.00 137,854.00 88,515.00 43,782.00 -80,518.00 126,034.00 83,040.00 41,004.00 -89,079.00 126,755.00 85,970.00 43,819.00 -87,976.00 135,185.00 89,905.00 45,712.00
EBITDA 589,355.00 380,521.00 188,551.00 -193,682.00 377,244.00 244,773.00 124,701.00 -171,534.00 309,123.00 195,478.00 90,228.00 -156,815.00 249,999.00 164,400.00 71,729.00 -178,873.00 252,331.00 168,314.00 88,150.00
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
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
Average Shares Outstanding Basic 174,549.00 174,513.00 174,014.00 181,414.00 158,205.00 154,342.00 154,187.00 153,820.00 154,210.00 154,358.00 154,116.00 154,409.00 153,168.00 152,857.00 152,690.00 152,159.00 151,615.00 151,537.00 151,425.00
Average Shares Outstanding Diluted 174,855.00 174,821.00 174,371.00 181,833.00 158,518.00 154,648.00 154,501.00 154,371.00 154,398.00 154,326.00 154,281.00 154,551.00 153,297.00 152,982.00 152,810.00 152,274.00 151,769.00 151,699.00 151,578.00
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 407,629.00 243,099.00 115,628.00 -221,717.00 305,253.00 208,353.00 137,702.00 -134,535.00 238,468.00 118,398.00 87,856.00 -128,978.00 166,332.00 89,524.00 76,572.00 -175,497.00 208,725.00 126,617.00 77,555.00
   Operating Net Income 205,518.00 134,270.00 70,850.00 -55,731.00 112,473.00 74,957.00 40,532.00 -24,621.00 71,996.00 41,138.00 16,485.00 -9,730.00 33,838.00 18,467.00 1,721.00 -11,098.00 22,225.00 12,921.00 4,169.00
   Deprecation and Amortization 191,358.00 123,043.00 58,824.00 -73,105.00 137,854.00 88,515.00 43,782.00 -80,518.00 126,034.00 83,040.00 41,004.00 -89,079.00 126,755.00 85,970.00 43,819.00 -87,976.00 135,185.00 89,905.00 45,712.00
   Deferred Income Tax 67,350.00 40,177.00 19,954.00 -19,753.00 40,483.00 24,900.00 12,460.00 -12,051.00 26,411.00 15,417.00 5,881.00 -8,754.00 13,624.00 9,473.00 886.00 -15,986.00 11,778.00 7,995.00 6,592.00
   Share Based Compensation 14,356.00 9,867.00 5,783.00 -8,010.00 11,215.00 7,477.00 3,964.00 -6,568.00 9,715.00 6,524.00 3,327.00 -6,211.00 9,035.00 6,037.00 3,067.00 -5,909.00 8,741.00 5,841.00 2,663.00
   Change in Working Capital 71,641.00 45,537.00 13,749.00 7,484.00 -2,311.00 -11,636.00 -5,324.00 -38,947.00 21,305.00 -1,717.00 14,125.00 -125,542.00 73,927.00 49,961.00 48,282.00 -66,050.00 40,515.00 12,847.00 25,987.00
   Other Operating Activities -142,594.00 -109,795.00 -53,532.00 -72,602.00 5,539.00 24,140.00 42,288.00 28,170.00 -16,993.00 -26,004.00 7,034.00 110,338.00 -90,847.00 -80,384.00 -21,203.00 11,522.00 -9,719.00 -2,892.00 -7,568.00
Investing Cash Flow -592,384.00 -541,697.00 -164,031.00 204,018.00 -1,104,670.00 -173,488.00 -85,923.00 184,278.00 -208,157.00 -150,946.00 -57,666.00 18,322.00 -66,546.00 -46,034.00 -36,658.00 -37,399.00 37,854.00 -866.00 16,518.00
   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 457,223.00 311,095.00 171,044.00 534,994.00 285,548.00 208,576.00 113,599.00 14,143.00 316,640.00 225,569.00 113,118.00 -97,254.00 171,032.00 115,794.00 50,295.00 52,188.00 95,564.00 56,927.00 20,653.00
   Net Purchase/Sale of Investments Net 971.00 871.00 435.00 2,376.00 1,307.00 57.00 57.00 8,187.00 2,000.00 2,000.00 2,000.00 -5,333.00 12,000.00 8,000.00 0 0 0 0 0
   Net Purchase/Sale of Business 365,613.00 296,641.00 0 -398.00 866,568.00 0 0 0 0 0 0 -134,654.00 99,785.00 55,523.00 0 -36,693.00 83,075.00 18,795.00 18,168.00
   Other Investing Activities -1,416,191.00 -1,150,304.00 -335,510.00 -332,954.00 -2,258,093.00 -382,121.00 -199,579.00 161,948.00 -526,797.00 -378,515.00 -172,784.00 255,563.00 -349,363.00 -225,351.00 -86,953.00 -52,894.00 -140,785.00 -76,588.00 -22,303.00
Financing Cash Flow 184,418.00 300,039.00 48,819.00 18,972.00 801,828.00 -35,284.00 -51,962.00 -49,999.00 -31,395.00 32,175.00 -28,705.00 110,106.00 -99,313.00 -43,109.00 -40,221.00 207,926.00 -244,188.00 -123,536.00 -93,237.00
   Net Issuance/Repayment of Debt 2,631,002.00 1,709,527.00 710,350.00 -825,550.00 2,107,700.00 947,975.00 507,575.00 -594,000.00 1,099,800.00 745,125.00 318,950.00 -723,983.00 1,191,466.00 810,233.00 359,000.00 -802,504.00 1,218,502.00 763,002.00 389,002.00
   Net Issuance/Repurchase of Equity 54,416.00 29,045.00 223.00 -2,460.00 269,084.00 1,230.00 1,230.00 -3,481.00 6,495.00 2,073.00 3,773.00 -13,115.00 10,779.00 10,796.00 2,363.00 -17,034.00 9,210.00 8,547.00 8,543.00
   Dividends Paid 104,726.00 67,805.00 34,185.00 -47,129.00 79,684.00 51,819.00 26,000.00 -47,018.00 71,606.00 47,356.00 23,852.00 -45,251.00 67,726.00 45,167.00 22,673.00 -44,290.00 66,992.00 44,486.00 22,155.00
   Other Financing Activities -2,605,726.00 -1,506,338.00 -695,939.00 894,111.00 -1,654,640.00 -1,036,308.00 -586,767.00 594,500.00 -1,209,296.00 -762,379.00 -375,280.00 892,455.00 -1,369,284.00 -909,305.00 -424,257.00 1,071,754.00 -1,538,892.00 -939,571.00 -512,937.00
Net Change in Cash -337.00 1,441.00 416.00 1,273.00 2,411.00 -419.00 -183.00 -256.00 -1,084.00 -373.00 1,485.00 -550.00 473.00 381.00 -307.00 -4,970.00 2,391.00 2,215.00 836.00
   Cash at Beginning of Period 4,420.00 4,420.00 4,420.00 3,147.00 1,338.00 1,338.00 1,338.00 1,594.00 1,566.00 1,566.00 1,566.00 2,116.00 1,569.00 1,569.00 1,569.00 6,539.00 1,097.00 1,097.00 1,097.00
   Cash at End of Period 4,083.00 5,861.00 4,836.00 4,420.00 3,749.00 919.00 1,155.00 1,338.00 482.00 1,193.00 3,051.00 1,566.00 2,042.00 1,950.00 1,262.00 1,569.00 3,488.00 3,312.00 1,933.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0