BDN
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Price to Earnings | -4.91 | -4.70 | 19.84 | 191.71 | 6.73 |
| Price to Sales | 3.83 | 3.61 | 4.17 | 9.45 | 7.68 |
| Book Value Per Common Share | 3.01 | 3.82 | 4.73 | 4.93 | 10.52 |
| Price to Book | 1.86 | 1.41 | 1.30 | 2.72 | 1.13 |
| Price to Operating Cash Flow | 10.68 | 10.49 | 10.09 | 24.09 | 18.19 |
| Price to Free Cash Flow | |||||
| Enterprise Value to EBITDA | 84013.05 | 66331.95 | 41159.00 | 98733.67 | 26931.25 |
| 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 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price to Earnings | -5.09 | -6.40 | -27.88 | -6.18 | 56.00 | -48.00 | -19.74 | -42.27 | -157.67 | 48.21 | 160.67 | 471.33 | 335.50 | 342.75 | 322.75 | |
| Price to Sales | 3.98 | 6.15 | 12.71 | 4.90 | 6.14 | 13.09 | 4.07 | 6.27 | 12.59 | 6.15 | 13.16 | 38.06 | 12.72 | 19.49 | 36.58 | |
| Book Value Per Common Share | 4.84 | 5.06 | 5.74 | 6.36 | 7.49 | 7.46 | 8.76 | 9.00 | 9.23 | 9.48 | 9.58 | 9.73 | 10.02 | 10.18 | 10.38 | 10.52 |
| Price to Book | 0.86 | 0.85 | 0.78 | 0.85 | 0.60 | 0.64 | 0.52 | 0.52 | 0.51 | 0.71 | 1.01 | 1.45 | 1.34 | 1.35 | 1.24 | 1.13 |
| Price to Operating Cash Flow | 16.42 | 36.57 | 245.05 | 15.13 | 21.50 | 69.57 | 14.03 | 26.11 | 303.21 | 15.65 | 42.17 | 170.16 | 32.66 | 59.32 | 107.32 | |
| Price to Free Cash Flow | ||||||||||||||||
| Enterprise Value to EBITDA | 42680.26 | 80531.10 | 97857.65 | 55377.49 | 33321.44 | 87494.19 | 24637.40 | 37004.88 | 73800.91 | 31538.26 | 70242.88 | 210805.42 | 66799.70 | 104863.77 | 195770.21 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Earning YoY | 342.86 | -96.05 | |||
| Revenue YoY | -1.77 | 1.69 | 3.96 | -8.98 | |
| EBITDA YoY | -17.85 | -45.37 | 10.22 | -38.27 | |
| Net Profit YoY | 337.99 | -96.00 |
| 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 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earning YoY | 133.33 | 100.00 | 0.00 | 0.00 | ||||||||||||
| Revenue YoY | 50.15 | 99.22 | 52.33 | 99.10 | 50.71 | 97.41 | 49.92 | 97.28 | 49.99 | 99.45 | ||||||
| EBITDA YoY | 83.41 | 17.33 | -26.95 | 145.66 | 46.64 | 96.49 | 55.96 | 104.84 | 53.87 | 98.53 | ||||||
| Net Profit YoY | 125.27 | 76.10 | 14.32 | -2.41 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Cash Per Common Share | 0.26 | 0.17 | 0.05 | 0.08 | 0.13 |
| Quick Ratio | |||||
| Current Ratio | |||||
| Debt to Equity | 2.33 | 1.82 | 1.37 | 1.26 | 1.16 |
| 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 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash Per Common Share | 0.22 | 0.35 | 0.09 | 0.11 | 0.09 | 0.13 | 0.14 | 0.09 | 0.28 | 0.09 | 0.08 | 0.11 | 0.12 | 0.14 | 0.13 | 0.27 |
| Quick Ratio | ||||||||||||||||
| Current Ratio | ||||||||||||||||
| Debt to Equity | 2.92 | 2.75 | 2.43 | 2.26 | 1.89 | 1.89 | 1.59 | 1.52 | 1.50 | 1.42 | 1.40 | 1.35 | 1.22 | 1.22 | 1.18 | 1.16 |
| Long-Term Debt to Equity |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| ROA | -2.79 | -2.62 | 0.69 | 0.16 | 3.91 |
| ROE | -9.30 | -7.39 | 1.63 | 0.36 | 8.44 |
| Gross Margin | 62.94 | 63.09 | 61.59 | 61.32 | 61.59 |
| Operating Margin | -38.87 | -38.34 | 10.68 | 2.55 | 57.42 |
| EBITDA Margin | 45.58 | 54.50 | 101.44 | 95.68 | 141.06 |
| Net Profit Margin | -38.75 | -38.24 | 10.64 | 2.52 | 57.38 |
| 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 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROA | -4.26 | -1.69 | -0.79 | -4.21 | 0.37 | -0.44 | -1.01 | -0.23 | -0.13 | 0.30 | 0.27 | 0.15 | 0.20 | 0.17 | 0.18 | |
| ROE | -16.72 | -6.34 | -2.70 | -13.71 | 1.06 | -1.27 | -2.61 | -0.57 | -0.33 | 0.73 | 0.65 | 0.36 | 0.45 | 0.39 | 0.39 | |
| Gross Margin | 61.94 | 61.61 | 60.84 | 63.50 | 62.78 | 62.51 | 62.74 | 62.03 | 60.66 | 61.54 | 61.21 | 62.42 | 60.93 | 60.93 | 61.35 | |
| Operating Margin | -39.04 | -47.88 | -22.27 | -39.59 | 5.51 | -12.98 | -10.30 | -7.05 | -4.06 | 6.44 | 4.30 | 4.81 | 2.16 | 2.83 | 5.78 | |
| EBITDA Margin | 46.72 | 38.25 | 64.94 | 44.24 | 92.25 | 74.76 | 82.53 | 84.82 | 85.22 | 97.40 | 93.63 | 90.17 | 95.17 | 92.78 | 93.20 | |
| Net Profit Margin | -38.94 | -47.77 | -22.20 | -39.47 | 5.48 | -12.94 | -10.28 | -7.04 | -4.07 | 6.41 | 4.27 | 4.78 | 2.14 | 2.80 | 5.73 |
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 | 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 | 7,021,626.00 | 7,499,294.00 | 7,796,310.00 | 7,738,892.00 | 7,849,412.00 |
| Cash and Short-Term Investments | 90,229.00 | 58,319.00 | 17,551.00 | 27,463.00 | 46,344.00 |
| Cash and Cash Equivalents | 90,229.00 | 58,319.00 | 17,551.00 | 27,463.00 | 46,344.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 399,030.00 | 400,870.00 | 384,448.00 | 360,670.00 | 339,016.00 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 |
| Property, Plant, Equipment Net | 380,273.00 | 413,700.00 | 423,662.00 | 430,457.00 | 428,491.00 |
| Real Estate | 22,408,142.00 | 24,253,919.00 | 21,495,378.00 | 20,589,787.00 | 20,324,853.00 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 15,979.00 | 24,466.00 | 56,213.00 | 85,668.00 | 145,710.00 |
| Long-Term Investments | 570,455.00 | 552,494.00 | 532,224.00 | 411,110.00 | 389,811.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 |
| Liabilities | 4,915,552.00 | 4,838,080.00 | 4,503,342.00 | 4,310,954.00 | 4,212,516.00 |
| 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 | 2,106,074.00 | 2,661,214.00 | 3,292,968.00 | 3,427,938.00 | 3,636,896.00 |
| Shareholders Equity | 1,038,635.00 | 1,317,384.00 | 1,625,632.00 | 1,690,267.00 | 1,794,143.00 |
| Capital Stock | 1,724.00 | 1,719.00 | 1,716.00 | 1,712.00 | 1,707.00 |
| Share Premium | 3,182,621.00 | 3,163,949.00 | 3,153,229.00 | 3,146,786.00 | 3,138,152.00 |
| Retained Earnings | 0 | 0 | 0 | 0 | 0 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 4,711.00 | -1,678.00 | 7,466.00 | -4,386.00 | -15,496.00 |
| Minority Interest | 5,952.00 | 6,773.00 | 7,702.00 | 10,952.00 | 10,505.00 |
| Investments | 30,406.00 | 27,454.00 | 24,906.00 | 26,250.00 | 28,272.00 |
| Debt | 4,715,325.00 | 4,566,249.00 | 3,799,408.00 | 3,707,096.00 | 3,706,706.00 |
| Net Debt | 4,625,096.00 | 4,507,930.00 | 3,781,857.00 | 3,679,633.00 | 3,660,362.00 |
| Common Shares Outstanding | 0 | 0 | 0 | 0 | 170,572.96 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Revenues | 505,517.00 | 514,651.00 | 506,100.00 | 486,819.00 | 534,852.00 |
| Cost Of Revenue | 187,330.00 | 189,947.00 | 194,401.00 | 188,311.00 | 205,456.00 |
| Gross Profit | 318,187.00 | 324,704.00 | 311,699.00 | 298,508.00 | 329,396.00 |
| Operating Expenses | 263,307.00 | 346,285.00 | 191,969.00 | 205,213.00 | -71,091.00 |
| Selling, General and Administrative Expenses | 181,014.00 | 169,672.00 | 177,302.00 | 167,548.00 | 186,640.00 |
| Other Operating Expenses | 82,293.00 | 176,613.00 | 14,667.00 | 37,665.00 | -257,731.00 |
| Operating Income | 54,880.00 | -21,581.00 | 119,730.00 | 93,295.00 | 400,487.00 |
| Net Non-Operating Income | -251,353.00 | -175,750.00 | -65,683.00 | -80,882.00 | -93,385.00 |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBT | -196,473.00 | -197,331.00 | 54,047.00 | 12,413.00 | 307,102.00 |
| Income Tax | 14.00 | 72.00 | 55.00 | 47.00 | 224.00 |
| Equity Method Investments Income | -766,340.00 | -311,660.00 | -88,064.00 | -133,485.00 | -92,920.00 |
| Net Income Including Non-Controlling Interests | -195,327.00 | -196,175.00 | 53,656.00 | 12,212.00 | 305,097.00 |
| Net Income Non-Controlling Interests | -580.00 | -614.00 | 168.00 | 77.00 | 1,799.00 |
| Net Income | -195,907.00 | -196,789.00 | 53,824.00 | 12,289.00 | 306,896.00 |
| EBIT | -196,473.00 | -197,331.00 | 54,047.00 | 12,413.00 | 307,102.00 |
| Deprecation and Amortization | 426,872.00 | 477,799.00 | 459,346.00 | 453,357.00 | 447,371.00 |
| EBITDA | 230,399.00 | 280,468.00 | 513,393.00 | 465,770.00 | 754,473.00 |
| 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 | 345,569.59 | 344,434.85 | 343,527.85 | 342,649.03 | 344,833.79 |
| Average Shares Outstanding Diluted | 345,569.59 | 344,434.85 | 345,196.40 | 345,439.14 | 345,615.79 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Operating Cash Flow | 181,125.00 | 177,273.00 | 209,307.00 | 190,874.00 | 225,806.00 |
| Operating Net Income | -985,348.00 | -858,012.00 | 183,956.00 | 17,874.00 | 1,200,302.00 |
| Deprecation and Amortization | 426,872.00 | 477,799.00 | 459,346.00 | 453,357.00 | 447,371.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 16,889.00 | 9,847.00 | 8,939.00 | 7,130.00 | 6,627.00 |
| Change in Working Capital | 48,120.00 | -25,336.00 | 18,528.00 | 46,488.00 | 47,694.00 |
| Other Operating Activities | 674,592.00 | 572,975.00 | -461,462.00 | -333,975.00 | -1,476,188.00 |
| Investing Cash Flow | -120,185.00 | -174,912.00 | -190,589.00 | -100,315.00 | 18,290.00 |
| Capital Expenditure | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Purchase/Sale of PPE | 155,867.00 | 76,804.00 | 64,210.00 | 10,303.00 | 278,114.00 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 44,300.00 | 50,000.00 | 50,000.00 |
| Net Purchase/Sale of Business | 487,854.00 | 205,144.00 | 47,428.00 | 31,643.00 | 143,338.00 |
| Other Investing Activities | -763,906.00 | -456,860.00 | -346,527.00 | -192,261.00 | -453,162.00 |
| Financing Cash Flow | -32,297.00 | 46,786.00 | -28,631.00 | -109,336.00 | -288,189.00 |
| Net Issuance/Repayment of Debt | 804,000.00 | 1,037,000.00 | 1,781,000.00 | 570,000.00 | 1,272,000.00 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 0 | 0 | 120,094.00 |
| Dividends Paid | 308.00 | 372.00 | 451.00 | 687.00 | 747.00 |
| Other Financing Activities | -836,605.00 | -990,586.00 | -1,810,082.00 | -680,023.00 | -1,681,030.00 |
| Net Change in Cash | 28,643.00 | 49,147.00 | -9,913.00 | -18,777.00 | -44,093.00 |
| Cash at Beginning of Period | 67,534.00 | 18,387.00 | 28,300.00 | 47,077.00 | 91,170.00 |
| Cash at End of Period | 96,177.00 | 67,534.00 | 18,387.00 | 28,300.00 | 47,077.00 |
| 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 | 3,319,401.00 | 6,842,564.00 | 3,423,786.00 | 7,021,626.00 | 3,599,560.00 | 3,754,180.00 | 3,736,760.00 | 7,499,294.00 | 3,922,663.00 | 7,961,634.00 | 3,987,111.00 | 7,796,310.00 | 7,967,908.00 | 3,966,688.00 | 3,934,895.00 | 7,738,892.00 | 3,829,757.00 | 3,889,558.00 | 3,889,913.00 | 7,849,412.00 |
| Cash and Short-Term Investments | 75,478.00 | 122,645.00 | 29,428.00 | 90,229.00 | 36,498.00 | 30,369.00 | 43,210.00 | 58,319.00 | 47,872.00 | 32,111.00 | 96,945.00 | 17,551.00 | 31,198.00 | 28,849.00 | 39,306.00 | 27,463.00 | 42,484.00 | 47,730.00 | 45,717.00 | 46,344.00 |
| Cash and Cash Equivalents | 75,478.00 | 122,645.00 | 29,428.00 | 90,229.00 | 36,498.00 | 30,369.00 | 43,210.00 | 58,319.00 | 47,872.00 | 32,111.00 | 96,945.00 | 17,551.00 | 31,198.00 | 28,849.00 | 39,306.00 | 27,463.00 | 42,484.00 | 47,730.00 | 45,717.00 | 46,344.00 |
| 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 | 403,192.00 | 405,358.00 | 404,860.00 | 399,030.00 | 397,684.00 | 408,938.00 | 405,392.00 | 400,870.00 | 419,930.00 | 392,790.00 | 394,838.00 | 384,448.00 | 377,512.00 | 374,120.00 | 371,578.00 | 360,670.00 | 356,418.00 | 348,192.00 | 349,780.00 | 339,016.00 |
| 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 | 17,957.00 | 18,108.00 | 18,259.00 | 380,273.00 | 18,565.00 | 18,720.00 | 18,875.00 | 413,700.00 | 19,188.00 | 19,346.00 | 426,841.00 | 423,662.00 | 424,675.00 | 430,879.00 | 430,253.00 | 430,457.00 | 411,739.00 | 411,945.00 | 412,154.00 | 428,491.00 |
| Real Estate | 24,994,395.00 | 25,155,775.00 | 25,933,764.00 | 22,408,142.00 | 26,417,582.00 | 27,429,971.00 | 27,502,847.00 | 24,253,919.00 | 28,697,440.00 | 28,643,564.00 | 24,921,280.00 | 21,495,378.00 | 24,883,130.00 | 21,642,380.00 | 21,135,928.00 | 20,589,787.00 | 20,395,207.00 | 20,238,020.00 | 20,106,088.00 | 20,324,853.00 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 13,049.00 | 13,048.00 | 15,979.00 | 15,979.00 | 17,297.00 | 18,901.00 | 18,901.00 | 24,466.00 | 27,291.00 | 44,613.00 | 54,593.00 | 56,213.00 | 57,018.00 | 69,045.00 | 76,740.00 | 85,668.00 | 103,542.00 | 119,178.00 | 131,649.00 | 145,710.00 |
| Long-Term Investments | 0 | 0 | 0 | 570,455.00 | 0 | 0 | 0 | 552,494.00 | 0 | 0 | 0 | 532,224.00 | 1,738,314.00 | 1,376,580.00 | 1,384,178.00 | 411,110.00 | 1,348,916.00 | 1,286,128.00 | 1,264,692.00 | 389,811.00 |
| 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 | 2,472,499.00 | 5,018,376.00 | 2,424,390.00 | 4,915,552.00 | 2,494,830.00 | 2,454,783.00 | 2,444,514.00 | 4,838,080.00 | 2,408,295.00 | 4,796,691.00 | 2,393,893.00 | 4,503,342.00 | 4,678,512.00 | 2,315,125.00 | 2,259,032.00 | 4,310,954.00 | 2,104,280.00 | 2,138,505.00 | 2,107,659.00 | 4,212,516.00 |
| Payables and Expenses | 0 | 0 | 0 | 0 | 26,230.00 | 26,234.00 | 26,248.00 | 0 | 26,018.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Account Payables | 0 | 0 | 0 | 0 | 26,230.00 | 26,234.00 | 26,248.00 | 0 | 26,018.00 | 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 | 846,902.00 | 1,824,188.00 | 999,396.00 | 2,106,074.00 | 1,104,730.00 | 1,299,397.00 | 1,292,246.00 | 2,661,214.00 | 1,514,368.00 | 3,164,943.00 | 1,593,218.00 | 3,292,968.00 | 3,289,396.00 | 1,651,563.00 | 1,675,863.00 | 3,427,938.00 | 1,725,477.00 | 1,751,053.00 | 1,782,254.00 | 3,636,896.00 |
| Shareholders Equity | 841,550.00 | 879,775.00 | 993,586.00 | 1,038,635.00 | 1,098,602.00 | 1,292,685.00 | 1,285,560.00 | 1,317,384.00 | 1,507,024.00 | 1,549,327.00 | 1,585,611.00 | 1,625,632.00 | 1,627,259.00 | 1,643,814.00 | 1,668,036.00 | 1,690,267.00 | 1,714,413.00 | 1,740,321.00 | 1,771,887.00 | 1,794,143.00 |
| Capital Stock | 1,734.00 | 1,733.00 | 1,728.00 | 1,724.00 | 1,724.00 | 1,724.00 | 1,721.00 | 1,719.00 | 1,719.00 | 1,719.00 | 1,717.00 | 1,716.00 | 1,716.00 | 1,716.00 | 1,714.00 | 1,712.00 | 1,712.00 | 1,709.00 | 1,707.00 | 1,707.00 |
| Share Premium | 3,198,013.00 | 3,195,813.00 | 3,193,485.00 | 3,182,621.00 | 3,178,214.00 | 3,171,011.00 | 3,168,661.00 | 3,163,949.00 | 3,161,568.00 | 3,159,276.00 | 3,156,507.00 | 3,153,229.00 | 3,151,177.00 | 3,149,146.00 | 3,147,231.00 | 3,146,786.00 | 3,145,209.00 | 3,140,575.00 | 3,140,456.00 | 3,138,152.00 |
| Retained Earnings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | -3,456.00 | -2,579.00 | -385.00 | 4,711.00 | -7,895.00 | 11,914.00 | 10,355.00 | -1,678.00 | 15,934.00 | 10,140.00 | -3,132.00 | 7,466.00 | 8,724.00 | 7,370.00 | 3,506.00 | -4,386.00 | -9,023.00 | -11,216.00 | -13,306.00 | -15,496.00 |
| Minority Interest | 5,352.00 | 5,467.00 | 5,810.00 | 5,952.00 | 6,128.00 | 6,712.00 | 6,686.00 | 6,773.00 | 7,344.00 | 7,333.00 | 7,607.00 | 7,702.00 | 7,690.00 | 7,749.00 | 7,827.00 | 10,952.00 | 11,064.00 | 10,732.00 | 10,367.00 | 10,505.00 |
| Investments | 36,886.00 | 39,124.00 | 32,946.00 | 30,406.00 | 21,938.00 | 25,334.00 | 25,956.00 | 27,454.00 | 49,660.00 | 26,408.00 | 29,792.00 | 24,906.00 | 1,764,010.00 | 1,406,548.00 | 1,415,206.00 | 26,250.00 | 1,374,206.00 | 1,309,362.00 | 1,296,122.00 | 28,272.00 |
| Debt | 4,829,423.00 | 4,915,028.00 | 4,588,995.00 | 4,715,325.00 | 4,732,965.00 | 4,722,264.00 | 4,577,376.00 | 4,566,249.00 | 4,557,210.00 | 4,555,561.00 | 4,554,267.00 | 3,799,408.00 | 3,703,678.00 | 3,703,650.00 | 3,707,194.00 | 3,707,096.00 | 3,707,000.00 | 3,706,902.00 | 3,706,806.00 | 3,706,706.00 |
| Net Debt | 4,753,945.00 | 4,792,383.00 | 4,559,567.00 | 4,625,096.00 | 4,696,467.00 | 4,691,895.00 | 4,534,166.00 | 4,507,930.00 | 4,509,338.00 | 4,523,450.00 | 4,457,322.00 | 3,781,857.00 | 3,672,480.00 | 3,674,801.00 | 3,667,888.00 | 3,679,633.00 | 3,664,516.00 | 3,659,172.00 | 3,661,089.00 | 3,660,362.00 |
| Common Shares Outstanding | 173,699.04 | 173,702.18 | 173,050.96 | 0 | 172,665.99 | 172,678.09 | 172,270.91 | 0 | 172,097.66 | 172,101.93 | 171,727.70 | 0 | 171,569.81 | 171,575.28 | 171,383.91 | 0 | 171,126.26 | 170,900.49 | 170,663.25 | 170,572.96 |
| 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 | 363,504.00 | 242,087.00 | 121,516.00 | -256,409.00 | 383,612.00 | 251,830.00 | 126,484.00 | -254,166.00 | 384,481.00 | 255,109.00 | 129,227.00 | -250,068.00 | 377,116.00 | 251,547.00 | 127,505.00 | -236,110.00 | 361,289.00 | 240,871.00 | 120,769.00 |
| Cost Of Revenue | 138,356.00 | 92,947.00 | 47,591.00 | -93,819.00 | 140,007.00 | 93,728.00 | 47,414.00 | -100,995.00 | 143,253.00 | 96,854.00 | 50,835.00 | -96,137.00 | 145,053.00 | 97,567.00 | 47,918.00 | -93,617.00 | 141,153.00 | 94,101.00 | 46,674.00 |
| Gross Profit | 225,148.00 | 149,140.00 | 73,925.00 | -162,590.00 | 243,605.00 | 158,102.00 | 79,070.00 | -153,171.00 | 241,228.00 | 158,255.00 | 78,392.00 | -153,931.00 | 232,063.00 | 153,980.00 | 79,587.00 | -142,493.00 | 220,136.00 | 146,770.00 | 74,095.00 |
| Operating Expenses | 226,117.00 | 175,306.00 | 58,764.00 | -119,203.00 | 210,663.00 | 115,701.00 | 56,146.00 | -7,133.00 | 183,909.00 | 115,208.00 | 54,301.00 | -103,764.00 | 141,947.00 | 100,901.00 | 52,885.00 | -85,854.00 | 150,274.00 | 95,933.00 | 44,860.00 |
| Selling, General and Administrative Expenses | 138,444.00 | 99,468.00 | 57,804.00 | -96,212.00 | 139,490.00 | 90,344.00 | 47,392.00 | -100,310.00 | 131,784.00 | 90,030.00 | 48,168.00 | -93,626.00 | 131,528.00 | 91,774.00 | 47,626.00 | -93,348.00 | 129,600.00 | 88,606.00 | 42,690.00 |
| Other Operating Expenses | 87,673.00 | 75,838.00 | 960.00 | -22,991.00 | 71,173.00 | 25,357.00 | 8,754.00 | 93,177.00 | 52,125.00 | 25,178.00 | 6,133.00 | -10,138.00 | 10,419.00 | 9,127.00 | 5,259.00 | 7,494.00 | 20,674.00 | 7,327.00 | 2,170.00 |
| Operating Income | -969.00 | -26,166.00 | 15,161.00 | -43,387.00 | 32,942.00 | 42,401.00 | 22,924.00 | -146,038.00 | 57,319.00 | 43,047.00 | 24,091.00 | -50,167.00 | 90,116.00 | 53,079.00 | 26,702.00 | -56,639.00 | 69,862.00 | 50,837.00 | 29,235.00 |
| Net Non-Operating Income | -140,936.00 | -89,741.00 | -42,217.00 | 1,318.00 | -184,798.00 | -28,537.00 | -39,336.00 | 11,547.00 | -96,933.00 | -61,022.00 | -29,342.00 | 62,963.00 | -65,820.00 | -42,252.00 | -20,574.00 | 47,437.00 | -62,053.00 | -44,014.00 | -22,252.00 |
| Interest Expense | 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 |
| EBT | -141,905.00 | -115,907.00 | -27,056.00 | -42,069.00 | -151,856.00 | 13,864.00 | -16,412.00 | -134,491.00 | -39,614.00 | -17,975.00 | -5,251.00 | 12,796.00 | 24,296.00 | 10,827.00 | 6,128.00 | -9,202.00 | 7,809.00 | 6,823.00 | 6,983.00 |
| Income Tax | 85.00 | 85.00 | 0.00 | -10.00 | 11.00 | 11.00 | 2.00 | -26.00 | 35.00 | 38.00 | 25.00 | -113.00 | 66.00 | 75.00 | 27.00 | -52.00 | 46.00 | 34.00 | 19.00 |
| Equity Method Investments Income | -130,578.00 | -76,029.00 | -31,533.00 | -235,610.00 | -461,871.00 | -28,095.00 | -40,764.00 | -205,882.00 | -73,512.00 | -13,765.00 | -18,501.00 | -12,856.00 | -47,412.00 | -9,544.00 | -18,252.00 | 34,059.00 | -83,192.00 | -56,656.00 | -27,696.00 |
| Net Income Including Non-Controlling Interests | -141,136.00 | -115,296.00 | -26,894.00 | -41,799.00 | -150,963.00 | 13,757.00 | -16,322.00 | -133,667.00 | -39,369.00 | -17,897.00 | -5,242.00 | 12,751.00 | 24,112.00 | 10,708.00 | 6,085.00 | -9,064.00 | 7,679.00 | 6,719.00 | 6,878.00 |
| Net Income Non-Controlling Interests | -427.00 | -348.00 | -81.00 | -130.00 | -452.00 | 48.00 | -46.00 | -399.00 | -140.00 | -58.00 | -17.00 | 79.00 | 59.00 | 22.00 | 8.00 | -43.00 | 42.00 | 35.00 | 43.00 |
| Net Income | -141,563.00 | -115,644.00 | -26,975.00 | -41,929.00 | -151,415.00 | 13,805.00 | -16,368.00 | -134,066.00 | -39,509.00 | -17,955.00 | -5,259.00 | 12,830.00 | 24,171.00 | 10,730.00 | 6,093.00 | -9,107.00 | 7,721.00 | 6,754.00 | 6,921.00 |
| EBIT | -141,905.00 | -115,907.00 | -27,056.00 | -42,069.00 | -151,856.00 | 13,864.00 | -16,412.00 | -134,491.00 | -39,614.00 | -17,975.00 | -5,251.00 | 12,796.00 | 24,296.00 | 10,827.00 | 6,128.00 | -9,202.00 | 7,809.00 | 6,823.00 | 6,983.00 |
| Deprecation and Amortization | 311,726.00 | 208,500.00 | 105,973.00 | -224,099.00 | 321,559.00 | 218,439.00 | 110,973.00 | -228,860.00 | 356,926.00 | 234,359.00 | 115,374.00 | -217,217.00 | 343,024.00 | 224,692.00 | 108,847.00 | -204,908.00 | 336,037.00 | 216,649.00 | 105,579.00 |
| EBITDA | 169,821.00 | 92,593.00 | 78,917.00 | -266,168.00 | 169,703.00 | 232,303.00 | 94,561.00 | -363,351.00 | 317,312.00 | 216,384.00 | 110,123.00 | -204,421.00 | 367,320.00 | 235,519.00 | 114,975.00 | -214,110.00 | 343,846.00 | 223,472.00 | 112,562.00 |
| 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 | 347,286.26 | 346,967.07 | 346,346.56 | 346,586.67 | 345,476.24 | 345,285.77 | 344,929.67 | 345,381.66 | 344,341.57 | 344,153.39 | 343,862.80 | 344,006.73 | 343,484.64 | 343,397.49 | 343,222.54 | 343,422.68 | 342,504.97 | 342,437.35 | 342,231.12 |
| Average Shares Outstanding Diluted | 347,286.26 | 346,967.07 | 346,346.56 | 342,672.54 | 345,476.24 | 349,199.90 | 344,929.67 | 345,381.66 | 344,341.57 | 344,153.39 | 343,862.80 | 343,224.87 | 345,425.07 | 345,725.05 | 346,410.63 | 347,476.27 | 345,071.70 | 344,954.71 | 344,253.87 |
| 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 | 88,167.00 | 40,704.00 | 6,315.00 | -38,858.00 | 124,202.00 | 71,970.00 | 23,811.00 | -811.00 | 111,405.00 | 61,304.00 | 5,375.00 | -45,864.00 | 148,162.00 | 78,494.00 | 28,515.00 | -70,147.00 | 140,719.00 | 79,126.00 | 41,176.00 |
| Operating Net Income | -312,274.00 | -246,098.00 | -114,510.00 | -435,101.00 | -460,790.00 | -6,127.00 | -83,330.00 | -641,441.00 | -123,295.00 | -61,142.00 | -32,134.00 | 125,591.00 | 27,017.00 | 11,072.00 | 20,276.00 | 10,286.00 | -9,134.00 | -3,237.00 | 19,959.00 |
| Deprecation and Amortization | 311,726.00 | 208,500.00 | 105,973.00 | -224,099.00 | 321,559.00 | 218,439.00 | 110,973.00 | -228,860.00 | 356,926.00 | 234,359.00 | 115,374.00 | -217,217.00 | 343,024.00 | 224,692.00 | 108,847.00 | -204,908.00 | 336,037.00 | 216,649.00 | 105,579.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 16,006.00 | 13,912.00 | 11,068.00 | -7,428.00 | 13,068.00 | 6,871.00 | 4,378.00 | -7,929.00 | 8,305.00 | 6,073.00 | 3,398.00 | -6,992.00 | 7,232.00 | 5,419.00 | 3,280.00 | -5,532.00 | 5,732.00 | 4,324.00 | 2,606.00 |
| Change in Working Capital | -8,298.00 | -53,236.00 | -20,846.00 | -15,660.00 | 32,602.00 | 10,008.00 | 21,170.00 | -41,362.00 | 39,764.00 | -14,528.00 | -9,210.00 | 26,502.00 | 26,604.00 | -32,360.00 | -2,218.00 | 43,082.00 | 12,312.00 | -36,728.00 | 27,822.00 |
| Other Operating Activities | 81,007.00 | 117,626.00 | 24,630.00 | 643,430.00 | 217,763.00 | -157,221.00 | -29,380.00 | 918,781.00 | -170,295.00 | -103,458.00 | -72,053.00 | 26,252.00 | -255,715.00 | -130,329.00 | -101,670.00 | 86,925.00 | -204,228.00 | -101,882.00 | -114,790.00 |
| Investing Cash Flow | -81,072.00 | -56,485.00 | -44,628.00 | 282,245.00 | -193,031.00 | -154,094.00 | -55,305.00 | 147,424.00 | -139,451.00 | -137,862.00 | -45,023.00 | 364,460.00 | -255,400.00 | -188,862.00 | -110,787.00 | 34,258.00 | -44,921.00 | -68,403.00 | -21,249.00 |
| 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 | 69,930.00 | 17,260.00 | 0 | 110,617.00 | 45,250.00 | 0 | 0 | 25,519.00 | 51,285.00 | 0 | 0 | -6,879.00 | 35,462.00 | 34,146.00 | 1,481.00 | -158.00 | 10,303.00 | 79.00 | 79.00 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 44,300.00 | 0 | 0 | 0 | 0.00 | 50,000.00 | 0 | 0 |
| Net Purchase/Sale of Business | 130,010.00 | 19,340.00 | 7,661.00 | 219,093.00 | 143,751.00 | 98,035.00 | 26,975.00 | -164,493.00 | 191,930.00 | 167,080.00 | 10,627.00 | -50,822.00 | 43,681.00 | 27,807.00 | 26,762.00 | -14,113.00 | 27,210.00 | 16,662.00 | 1,884.00 |
| Other Investing Activities | -281,012.00 | -93,085.00 | -52,289.00 | -47,465.00 | -382,032.00 | -252,129.00 | -82,280.00 | 286,398.00 | -382,666.00 | -304,942.00 | -55,650.00 | 377,861.00 | -334,543.00 | -250,815.00 | -139,030.00 | 48,529.00 | -132,434.00 | -85,144.00 | -23,212.00 |
| Financing Cash Flow | -26,744.00 | 43,363.00 | -26,391.00 | -142,647.00 | 43,988.00 | 51,103.00 | 15,259.00 | -256,980.00 | 68,276.00 | 101,158.00 | 134,332.00 | -345,648.00 | 111,039.00 | 111,848.00 | 94,130.00 | 20,054.00 | -99,578.00 | -9,288.00 | -20,524.00 |
| Net Issuance/Repayment of Debt | 480,000.00 | 440,000.00 | 150,000.00 | 125,000.00 | 444,000.00 | 198,000.00 | 37,000.00 | -1,186,000.00 | 865,000.00 | 721,000.00 | 637,000.00 | 499,000.00 | 594,000.00 | 402,000.00 | 286,000.00 | -268,000.00 | 464,000.00 | 268,000.00 | 106,000.00 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 232.00 | 154.00 | 76.00 | -154.00 | 231.00 | 154.00 | 77.00 | -216.00 | 294.00 | 196.00 | 98.00 | -314.00 | 353.00 | 255.00 | 157.00 | -430.00 | 547.00 | 383.00 | 187.00 |
| Other Financing Activities | -506,976.00 | -396,791.00 | -176,467.00 | -267,493.00 | -400,243.00 | -147,051.00 | -21,818.00 | 929,236.00 | -797,018.00 | -620,038.00 | -502,766.00 | -844,334.00 | -483,314.00 | -290,407.00 | -192,027.00 | 288,484.00 | -564,125.00 | -277,671.00 | -126,711.00 |
| Net Change in Cash | -19,649.00 | 27,582.00 | -64,704.00 | 100,740.00 | -24,841.00 | -31,021.00 | -16,235.00 | -110,367.00 | 40,230.00 | 24,600.00 | 94,684.00 | -27,052.00 | 3,801.00 | 1,480.00 | 11,858.00 | -15,835.00 | -3,780.00 | 1,435.00 | -597.00 |
| Cash at Beginning of Period | 96,177.00 | 96,177.00 | 96,177.00 | -4,563.00 | 67,534.00 | 67,534.00 | 67,534.00 | 177,901.00 | 18,387.00 | 18,387.00 | 18,387.00 | 45,439.00 | 28,300.00 | 28,300.00 | 28,300.00 | 44,135.00 | 47,077.00 | 47,077.00 | 47,077.00 |
| Cash at End of Period | 76,528.00 | 123,759.00 | 31,473.00 | 96,177.00 | 42,693.00 | 36,513.00 | 51,299.00 | 67,534.00 | 58,617.00 | 42,987.00 | 113,071.00 | 18,387.00 | 32,101.00 | 29,780.00 | 40,158.00 | 28,300.00 | 43,297.00 | 48,512.00 | 46,480.00 |
| Free Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |