AROW

Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 16.22 15.79 11.16 10.68 10.37
Price to Sales 44.12 44.08 46.74 46.41 42.32
Book Value Per Common Share 70.75 64.91 61.22 69.54 64.81
Price to Book 0.41 0.43 0.54 0.48 0.42
Price to Operating Cash Flow 8.31 11.54 6.94 6.36 7.68
Price to Free Cash Flow
Enterprise Value to EBITDA
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 15.72 25.65 69.18 18.98 26.86 55.60 12.99 22.22 46.51 12.60 19.60 39.18 13.11 19.24 35.45
Price to Sales 56.78 81.47 168.53 59.03 83.20 165.92 35.95 60.93 154.24 51.80 82.19 175.22 61.06 92.49 181.45
Book Value Per Common Share 49.98 48.53 47.72 45.42 43.81 42.89 39.15 40.80 41.25 38.90 42.66 43.27 44.75 45.26 43.90
Price to Book 0.57 0.54 0.55 0.63 0.59 0.58 0.43 0.48 0.59 0.72 0.70 0.71 0.72 0.73 0.69
Price to Operating Cash Flow 13.23 21.57 43.50 16.64 22.48 40.78 7.86 12.59 30.28 9.58 15.66 29.21 9.31 12.75 23.53
Price to Free Cash Flow
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 0.00 -40.00 -5.14 17.80
Revenue YoY 0.87 -7.12 1.43 14.59
EBITDA YoY
Net Profit YoY -1.22 -38.37 -2.12 22.12
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 74.76 171.05 55.67 115.56 48.86 69.23 45.10 96.15 44.44 98.84
Revenue YoY 53.04 107.19 54.89 106.41 51.98 104.70 52.54 109.12 53.65 111.88
EBITDA YoY
Net Profit YoY 74.93 171.24 55.18 112.32 53.00 70.63 49.55 95.22 48.91 99.99

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 11.19 9.23 4.93 29.35 25.27
Quick Ratio
Current Ratio
Debt to Equity 4.90 5.02 5.14 4.95 5.05
Long-Term Debt to Equity
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 26.10 18.09 20.02 22.13 12.66 17.44 17.98 11.17 13.04 23.40 14.32 31.12 38.07 31.54 29.82
Quick Ratio
Current Ratio
Debt to Equity 9.98 9.81 10.00 10.22 10.08 10.47 10.87 10.35 10.32 11.25 10.20 10.63 10.30 10.04 10.40
Long-Term Debt to Equity

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 0.63 0.66 1.12 1.13 1.01
ROE 3.71 3.96 6.90 6.72 6.10
Gross Margin 97.63 6.84
Operating Margin
EBITDA Margin
Net Profit Margin 272.76 278.52 419.74 434.98 408.15
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 0.65 0.39 0.14 0.57 0.38 0.18 0.52 0.36 0.21 0.87 0.62 0.30 0.97 0.68 0.34
ROE 7.17 4.19 1.56 6.42 4.25 2.03 6.21 4.04 2.36 10.62 6.89 3.52 10.98 7.52 3.88
Gross Margin 72.49 93.27 86.07 50.33
Operating Margin
EBITDA Margin
Net Profit Margin 363.17 317.71 242.69 310.44 309.85 301.22 276.87 275.02 329.94 411.75 420.00 449.91 465.60 480.45 509.01

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 4,729,212.00 4,571,443.00 4,344,337.00 4,420,155.00 4,045,524.00
   Deposits 10,701,996.00 10,399,622.00 10,285,657.00 10,436,946.00 9,426,585.00
      Cash and Short-Term Investments 187,353.00 157,316.00 81,410.00 470,157.00 390,807.00
            Cash and Cash Equivalents 154,879.00 143,841.00 66,192.00 457,928.00 380,991.00
            Short-Term Investments 32,474.00 13,475.00 15,218.00 12,229.00 9,816.00
      Net Receivables 0 0 0 0 15,712,880.00
      Inventory 0 0 0 0 0
      Other Current Assets 0 0 0 0 0
      Property, Plant, Equipment Net 64,345.00 64,590.00 62,118.00 53,158.00 47,938.00
      Goodwill 23,789.00 21,873.00 21,873.00 21,873.00 21,873.00
      Intangible Assets 11,328.00 9,925.00 9,925.00 9,915.00 1,950.00
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 0 0 0 0 0
Liabilities 3,927,410.00 3,811,899.00 3,637,261.00 3,677,783.00 3,376,740.00
      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 8,600.00 26,500.00 27,000.00 0 17,486.00
      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 801,802.00 759,544.00 707,076.00 742,372.00 668,784.00
   Shareholders Equity 1,184,250.00 1,105,900.00 1,010,959.00 1,113,905.00 1,002,360.00
      Capital Stock 22,067.00 22,067.00 21,424.00 20,800.00 20,194.00
      Share Premium 413,476.00 412,551.00 400,270.00 377,996.00 353,662.00
      Retained Earnings 77,215.00 65,792.00 65,401.00 54,078.00 41,899.00
      Treasury Shares 93,404.00 87,222.00 83,902.00 82,035.00 80,547.00
      Accumulated Other Comprehensive Income -18,453.00 -33,416.00 -49,655.00 347.00 -816.00
   Minority Interest 0 0 0 0 0
Investments 36,827.00 18,524.00 21,282.00 623,678.00 9,675,386.00
Debt 65,005.00 65,066.00 65,119.00 65,169.00 65,217.00
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 10,892.00 10,798.00 11,626.00 11,462.00 10,003.00
Cost Of Revenue 0 0 0 272.00 9,319.00
Interest Income 0 169,255.00 130,132.00 116,362.00 112,642.00
Interest Expense 90,085.00 64,423.00 11,789.00 6,007.00 13,440.00
Net Interest 0 104,832.00 118,343.00 110,355.00 99,202.00
Non-Interest Income 28,074.00 29,117.00 30,898.00 32,369.00 32,658.00
Non-Interest Expense 97,268.00 93,048.00 81,530.00 78,048.00 70,678.00
Provisions for Credit Losses 0 0 0 272.00 9,319.00
Gross Profit 0 0 0 11,190.00 684.00
   Selling, General and Administrative Expenses 7,169.00 6,554.00 6,202.00 5,814.00 5,614.00
EBT 0 0 0 0 0
Income Tax 7,035.00 3,655.00 13,731.00 14,809.00 11,346.00
Net Income 29,709.00 30,075.00 48,799.00 49,857.00 40,827.00
Deprecation and Amortization 5,361.00 6,718.00 7,548.00 7,826.00 6,867.00
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 16,739.00 17,037.00 16,513.00 16,018.00 15,465.00
Average Shares Outstanding Diluted 16,745.00 17,037.00 16,562.00 16,073.00 15,479.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 57,849.00 41,256.00 78,317.00 83,574.00 55,134.00
   Operating Net Income 88,759.00 82,883.00 146,035.00 149,277.00 121,773.00
   Deprecation and Amortization 5,361.00 6,718.00 7,548.00 7,826.00 6,867.00
   Deferred Income Tax -789.00 1,799.00 -1,252.00 945.00 -2,240.00
   Share Based Compensation 314.00 605.00 312.00 0 0
   Change in Working Capital 17,982.00 37,998.00 3,083.00 57,822.00 2,925.00
   Other Operating Activities -53,778.00 -88,747.00 -77,409.00 -132,296.00 -74,191.00
Investing Cash Flow -88,950.00 -82,650.00 -393,062.00 -274,602.00 -187,317.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 8,923.00 9,788.00 15,725.00 8,684.00 7,610.00
   Net Purchase/Sale of Investments Net 382,219.00 313,964.00 332,432.00 481,640.00 380,329.00
   Net Purchase/Sale of Business 32,354.00 0 0 0 0
   Net Loan & Lease Activity 187,510.00 228,899.00 319,547.00 85,123.00 200,554.00
   Other Investing Activities -699,956.00 -635,301.00 -1,060,766.00 -850,049.00 -775,810.00
Financing Cash Flow 42,139.00 119,043.00 -76,991.00 267,965.00 441,524.00
   Net Issuance/Repayment of Debt 222,161.00 541,353.00 17,250.00 -17,438.00 41,424.00
   Net Issuance/Repurchase of Equity 15,028.00 8,592.00 11,768.00 12,968.00 9,294.00
   Dividends Paid 18,286.00 17,983.00 17,444.00 16,296.00 15,740.00
   Other Financing Activities -213,336.00 -448,885.00 -123,453.00 256,139.00 375,066.00
Net Change in Cash 11,038.00 77,649.00 -391,736.00 76,937.00 309,341.00
   Cash at Beginning of Period 143,508.00 64,887.00 456,396.00 380,759.00 71,650.00
   Cash at End of Period 154,546.00 142,536.00 64,660.00 457,696.00 380,991.00
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 4,587,115.00 4,414,719.00 4,448,885.00 4,729,212.00 4,411,449.00 4,244,407.00 4,333,623.00 4,571,443.00 4,272,911.00 4,103,653.00 4,114,630.00 4,344,337.00 4,232,778.00 3,991,205.00 4,156,402.00 4,420,155.00 4,071,104.00 3,896,191.00 3,903,711.00 4,045,524.00
   Deposits 11,475,042.00 10,963,991.00 11,090,289.00 10,701,996.00 10,835,317.00 10,375,594.00 10,660,480.00 10,399,622.00 10,547,805.00 10,137,896.00 10,337,204.00 10,285,657.00 11,198,654.00 10,467,523.00 10,969,154.00 10,436,946.00 10,604,086.00 10,087,603.00 10,114,775.00 9,426,585.00
      Cash and Short-Term Investments 431,781.00 300,440.00 333,678.00 187,353.00 370,622.00 212,174.00 294,117.00 157,316.00 306,499.00 184,935.00 215,892.00 81,410.00 386,185.00 229,440.00 498,840.00 470,157.00 609,682.00 490,180.00 462,983.00 390,807.00
            Cash and Cash Equivalents 397,437.00 268,448.00 301,446.00 154,879.00 340,088.00 200,198.00 282,465.00 143,841.00 294,739.00 173,601.00 203,472.00 66,192.00 373,429.00 217,254.00 487,578.00 457,928.00 598,366.00 478,228.00 452,207.00 380,991.00
            Short-Term Investments 34,344.00 31,992.00 32,232.00 32,474.00 30,534.00 11,976.00 11,652.00 13,475.00 11,760.00 11,334.00 12,420.00 15,218.00 12,756.00 12,186.00 11,262.00 12,229.00 11,316.00 11,952.00 10,776.00 9,816.00
      Net Receivables 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 13,216,243.00 15,712,880.00
      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 64,349.00 65,217.00 64,753.00 64,345.00 64,724.00 64,199.00 64,284.00 64,590.00 65,289.00 64,907.00 63,621.00 62,118.00 59,904.00 56,554.00 55,157.00 53,158.00 50,789.00 48,929.00 48,492.00 47,938.00
      Goodwill 23,789.00 23,789.00 23,789.00 23,789.00 23,789.00 21,873.00 21,873.00 21,873.00 21,873.00 21,873.00 21,873.00 21,873.00 21,873.00 21,873.00 21,873.00 21,873.00 21,873.00 21,873.00 21,873.00 21,873.00
      Intangible Assets 0 0 0 11,328.00 0 0 0 9,925.00 0 0 0 9,925.00 0 0 0 9,915.00 0 0 0 1,950.00
      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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      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 4,169,428.00 4,006,213.00 4,044,476.00 3,927,410.00 4,018,138.00 3,861,389.00 3,955,637.00 3,811,899.00 3,912,897.00 3,742,210.00 3,751,259.00 3,637,261.00 3,887,228.00 3,634,707.00 3,799,159.00 3,677,783.00 3,710,933.00 3,543,158.00 3,561,298.00 3,376,740.00
      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 4,265.00 8,600.00 0 8,600.00 0 0 0 26,500.00 0 0 0 27,000.00 0 0 0 0 0 0 0 17,486.00
      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 417,687.00 408,506.00 404,409.00 801,802.00 393,311.00 383,018.00 377,986.00 759,544.00 360,014.00 361,443.00 363,371.00 707,076.00 345,550.00 356,498.00 357,243.00 742,372.00 360,171.00 353,033.00 342,413.00 668,784.00
   Shareholders Equity 826,734.00 806,123.00 795,298.00 1,184,250.00 760,654.00 734,404.00 723,258.00 1,105,900.00 667,444.00 675,273.00 682,759.00 1,010,959.00 642,030.00 683,432.00 693,689.00 1,113,905.00 716,623.00 703,408.00 681,730.00 1,002,360.00
      Capital Stock 22,067.00 22,067.00 22,067.00 22,067.00 22,067.00 22,067.00 22,067.00 22,067.00 22,067.00 21,424.00 21,424.00 21,424.00 21,424.00 20,800.00 20,800.00 20,800.00 20,800.00 20,194.00 20,194.00 20,194.00
      Share Premium 414,133.00 413,880.00 413,469.00 413,476.00 413,065.00 412,917.00 412,823.00 412,551.00 412,397.00 401,069.00 400,944.00 400,270.00 399,461.00 379,423.00 378,758.00 377,996.00 377,349.00 355,195.00 354,358.00 353,662.00
      Retained Earnings 93,027.00 84,970.00 78,827.00 77,215.00 77,429.00 72,980.00 68,887.00 65,792.00 62,647.00 71,076.00 69,499.00 65,401.00 57,778.00 69,980.00 62,328.00 54,078.00 47,936.00 60,494.00 51,263.00 41,899.00
      Treasury Shares 102,900.00 101,522.00 96,434.00 93,404.00 93,282.00 93,314.00 93,077.00 87,222.00 84,513.00 84,513.00 84,513.00 83,902.00 84,043.00 84,141.00 83,846.00 82,035.00 82,195.00 80,192.00 80,306.00 80,547.00
      Accumulated Other Comprehensive Income -8,640.00 -10,889.00 -13,520.00 -18,453.00 -25,968.00 -31,632.00 -32,714.00 -33,416.00 -52,584.00 -47,613.00 -43,983.00 -49,655.00 -49,070.00 -29,564.00 -20,797.00 347.00 -3,719.00 -2,658.00 -3,096.00 -816.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 38,713.00 36,549.00 36,585.00 36,827.00 34,886.00 16,250.00 15,860.00 18,524.00 16,870.00 16,266.00 22,447.00 21,282.00 17,476.00 576,689.00 620,565.00 623,678.00 630,092.00 651,450.00 13,240,489.00 9,675,386.00
Debt 44,928.00 44,969.00 44,979.00 65,005.00 45,022.00 45,038.00 45,053.00 65,066.00 45,080.00 45,093.00 45,106.00 65,119.00 45,131.00 45,144.00 45,156.00 65,169.00 45,181.00 45,193.00 45,205.00 65,217.00
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 8,244.00 5,387.00 2,600.00 -5,030.00 8,130.00 5,249.00 2,543.00 -5,182.00 8,073.00 5,312.00 2,595.00 -5,930.00 8,916.00 5,845.00 2,795.00 -5,169.00 8,494.00 5,528.00 2,609.00
Cost Of Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 769.00 -2,366.00 572.00 770.00 1,296.00
Interest Income 0 0 0 0 0 97,339.00 47,966.00 -68,417.00 122,889.00 78,871.00 35,912.00 -52,092.00 93,690.00 59,558.00 28,976.00 -56,095.00 87,288.00 57,447.00 27,722.00
Interest Expense 58,371.00 39,204.00 19,606.00 -41,268.00 66,110.00 43,732.00 21,511.00 -12,070.00 43,670.00 25,005.00 7,818.00 2,017.00 5,926.00 2,695.00 1,151.00 -2,627.00 4,135.00 2,932.00 1,567.00
Net Interest 0 0 0 0 0 53,607.00 26,455.00 -56,347.00 79,219.00 53,866.00 28,094.00 -54,109.00 87,764.00 56,863.00 27,825.00 -53,468.00 83,153.00 54,515.00 26,155.00
Non-Interest Income 24,164.00 15,448.00 7,839.00 -19,345.00 23,847.00 15,714.00 7,858.00 -12,776.00 21,633.00 13,583.00 6,677.00 -16,903.00 23,733.00 15,906.00 8,162.00 -18,105.00 24,780.00 17,086.00 8,608.00
Non-Interest Expense 77,130.00 51,697.00 26,045.00 -45,504.00 71,430.00 47,330.00 24,012.00 -45,485.00 69,858.00 46,379.00 22,296.00 -37,443.00 60,738.00 39,290.00 18,945.00 -35,583.00 57,188.00 37,765.00 18,678.00
Provisions for Credit Losses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 769.00 2,910.00 -572.00 -770.00 -1,296.00
Gross Profit 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2,026.00 -2,803.00 7,922.00 4,758.00 1,313.00
   Selling, General and Administrative Expenses 5,881.00 3,974.00 2,022.00 -3,446.00 5,299.00 3,545.00 1,771.00 -3,013.00 4,728.00 3,211.00 1,628.00 -3,317.00 4,721.00 3,200.00 1,598.00 -3,336.00 4,480.00 3,077.00 1,593.00
EBT 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Income Tax 8,899.00 5,190.00 1,936.00 -6,558.00 7,066.00 4,451.00 2,076.00 -8,099.00 5,609.00 3,845.00 2,300.00 -7,632.00 10,448.00 7,225.00 3,690.00 -7,703.00 11,444.00 7,635.00 3,433.00
Net Income 29,940.00 17,115.00 6,310.00 -19,454.00 25,239.00 16,264.00 7,660.00 -15,448.00 22,352.00 14,609.00 8,562.00 -25,037.00 36,712.00 24,549.00 12,575.00 -29,530.00 39,548.00 26,559.00 13,280.00
Deprecation and Amortization 4,130.00 2,619.00 1,206.00 -2,685.00 4,008.00 2,644.00 1,394.00 -3,414.00 4,962.00 3,432.00 1,738.00 -4,077.00 5,845.00 3,835.00 1,945.00 -3,971.00 5,894.00 3,952.00 1,951.00
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 16,541.00 16,611.00 16,665.00 16,581.00 16,746.00 16,764.00 16,865.00 17,995.00 17,049.00 16,552.00 16,552.00 17,494.00 16,506.00 16,022.00 16,030.00 16,986.00 16,015.00 15,543.00 15,528.00
Average Shares Outstanding Diluted 16,543.00 16,618.00 16,673.00 16,552.00 16,772.00 16,789.00 16,867.00 17,983.00 17,049.00 16,552.00 16,564.00 17,543.00 16,553.00 16,069.00 16,083.00 17,068.00 16,072.00 15,589.00 15,563.00
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 35,371.00 20,348.00 10,070.00 -772.00 28,844.00 19,428.00 10,349.00 -34,562.00 36,899.00 25,699.00 13,220.00 -17,346.00 48,210.00 30,684.00 16,769.00 -32,350.00 55,712.00 40,093.00 20,119.00
   Operating Net Income 60,491.00 35,030.00 12,949.00 -10,543.00 50,964.00 32,860.00 15,478.00 -6,829.00 44,188.00 28,566.00 16,958.00 -907.00 72,814.00 49,005.00 25,123.00 -9,062.00 78,872.00 52,964.00 26,503.00
   Deprecation and Amortization 4,130.00 2,619.00 1,206.00 -2,685.00 4,008.00 2,644.00 1,394.00 -3,414.00 4,962.00 3,432.00 1,738.00 -4,077.00 5,845.00 3,835.00 1,945.00 -3,971.00 5,894.00 3,952.00 1,951.00
   Deferred Income Tax 179.00 -123.00 -854.00 -23.00 -255.00 -252.00 -259.00 979.00 0 -71.00 891.00 208.00 -670.00 -328.00 -462.00 640.00 -35.00 -9.00 349.00
   Share Based Compensation 547.00 422.00 125.00 -160.00 227.00 164.00 83.00 -281.00 517.00 247.00 122.00 -360.00 338.00 224.00 110.00 0 310.00 207.00 104.00
   Change in Working Capital 21,105.00 11,290.00 -449.00 -1,883.00 11,095.00 7,268.00 1,502.00 31,975.00 7,832.00 2,023.00 -3,832.00 2,913.00 5,117.00 1,359.00 -6,306.00 -62,251.00 47,749.00 43,586.00 28,738.00
   Other Operating Activities -51,081.00 -28,890.00 -2,907.00 14,522.00 -37,195.00 -23,256.00 -7,849.00 -56,992.00 -20,600.00 -8,498.00 -2,657.00 -15,123.00 -35,234.00 -23,411.00 -3,641.00 42,915.00 -77,078.00 -60,607.00 -37,526.00
Investing Cash Flow -38,034.00 11,647.00 5,083.00 -20,901.00 1,173.00 -31,529.00 -37,693.00 32,402.00 -80,824.00 -28,485.00 -5,743.00 313,119.00 -343,493.00 -236,521.00 -126,167.00 186,810.00 -182,498.00 -125,153.00 -153,761.00
   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 6,300.00 4,715.00 1,897.00 -4,610.00 6,792.00 4,949.00 1,792.00 -8,453.00 8,452.00 6,369.00 3,420.00 -6,640.00 11,968.00 6,939.00 3,458.00 -1,163.00 4,996.00 3,281.00 1,570.00
   Net Purchase/Sale of Investments Net 225,658.00 148,562.00 32,700.00 165,508.00 121,304.00 80,571.00 14,836.00 120,727.00 97,908.00 68,884.00 26,445.00 -197,413.00 245,818.00 177,856.00 106,171.00 -228,663.00 344,382.00 204,553.00 161,368.00
   Net Purchase/Sale of Business 0 0 0 0.00 32,354.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Net Loan & Lease Activity 187,510.00 228,899.00 319,547.00 85,123.00 200,554.00
   Other Investing Activities -333,099.00 -184,118.00 -50,682.00 -80,075.00 -287,167.00 -227,041.00 -105,673.00 -36,136.00 -346,702.00 -193,376.00 -59,087.00 706,985.00 -861,458.00 -600,056.00 -306,237.00 513,550.00 -602,269.00 -392,765.00 -368,565.00
Financing Cash Flow 245,554.00 81,907.00 131,747.00 -362,432.00 167,535.00 69,763.00 167,273.00 -398,023.00 274,004.00 111,727.00 131,335.00 -392,682.00 211,016.00 -34,605.00 139,280.00 -463,351.00 344,161.00 182,297.00 204,858.00
   Net Issuance/Repayment of Debt 4,412.00 36.00 26.00 -125,024.00 127,144.00 120,028.00 100,013.00 -355,225.00 393,539.00 383,026.00 120,013.00 -42,826.00 20,038.00 20,025.00 20,013.00 22,635.00 -15,024.00 -14,370.00 -10,679.00
   Net Issuance/Repurchase of Equity 10,432.00 8,921.00 3,664.00 -4,766.00 6,900.00 6,766.00 6,128.00 4,023.00 1,523.00 1,523.00 1,523.00 -158.00 4,868.00 4,130.00 2,928.00 4,546.00 5,815.00 1,872.00 735.00
   Dividends Paid 14,128.00 9,360.00 4,698.00 -8,957.00 13,602.00 9,076.00 4,565.00 -8,820.00 13,405.00 8,934.00 4,464.00 -8,508.00 12,980.00 8,647.00 4,325.00 -7,953.00 12,129.00 8,084.00 4,036.00
   Other Financing Activities 216,582.00 63,590.00 123,359.00 -223,685.00 19,889.00 -66,107.00 56,567.00 -38,001.00 -134,463.00 -281,756.00 5,335.00 -341,190.00 173,130.00 -67,407.00 112,014.00 -482,579.00 341,241.00 186,711.00 210,766.00
Net Change in Cash 242,891.00 113,902.00 146,900.00 -384,105.00 197,552.00 57,662.00 139,929.00 -400,183.00 230,079.00 108,941.00 138,812.00 -96,909.00 -84,267.00 -240,442.00 29,882.00 -308,891.00 217,375.00 97,237.00 71,216.00
   Cash at Beginning of Period 154,546.00 154,546.00 154,546.00 538,651.00 142,536.00 142,536.00 142,536.00 542,719.00 64,660.00 64,660.00 64,660.00 161,569.00 457,696.00 457,696.00 457,696.00 766,587.00 380,991.00 380,991.00 380,991.00
   Cash at End of Period 397,437.00 268,448.00 301,446.00 154,546.00 340,088.00 200,198.00 282,465.00 142,536.00 294,739.00 173,601.00 203,472.00 64,660.00 373,429.00 217,254.00 487,578.00 457,696.00 598,366.00 478,228.00 452,207.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0