Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -5.65 -6.93 -2.18 -9.56 9.84
Price to Sales 0.37 0.51 0.22 0.35 0.23
Book Value Per Common Share 1.06 2.14 3.11 3.73 4.26
Price to Book 4.74 2.71 0.88 1.38 1.04
Price to Operating Cash Flow 6.89 9.37 189.58 -10.09 3.95
Price to Free Cash Flow
Enterprise Value to EBITDA 23811.96 26838.28 16053.10 22306.54 12579.73
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 -8.92 -15.13 -22.36 -13.06 -22.77 -50.85 -9.63 -19.18 -14.75 -3.75 -4.59 -13.06 -63.00 -7.60 -10.25
Price to Sales 0.81 1.00 1.77 0.66 0.99 1.91 0.48 0.74 1.03 0.37 0.62 1.93 0.55 0.99 1.49
Book Value Per Common Share -0.03 0.44 0.63 1.06 1.47 1.73 1.94 2.14 2.61 2.86 2.87 3.11 2.62 2.76 3.19 3.73 4.23 3.28 3.70 4.26
Price to Book -299.29 15.68 9.98 4.74 4.62 3.96 3.41 2.71 1.58 1.48 1.03 0.88 1.63 1.65 2.21 1.38 1.49 2.41 1.63 1.04
Price to Operating Cash Flow 10.82 15.14 61.74 12.74 28.35 -1296.08 8.13 12.59 32.14 15.36 -72.41 -56.35 -87.87 -71.30 -46.68
Price to Free Cash Flow
Enterprise Value to EBITDA 78045.63 78610.93 155946.70 87777.98 120476.53 217186.11 48092.94 63593.45 129591.68 159867.34 46093.68

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY
Revenue YoY 3.64 6.74 2.43 -22.09
EBITDA YoY 3.51 28.14 -26.34 -34.61
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Earning YoY
Revenue YoY 49.99 99.89 50.26 99.32 50.35 99.67 55.40 101.73 43.57 96.51
EBITDA YoY 22.61 123.80 -4.08 37.86 90.31 -25.05 29.73 191.44 -85.37
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 1.88 1.60 2.42 4.14 4.26
Quick Ratio 0.83 0.78 0.95 1.29 1.29
Current Ratio 0.88 0.80 0.99 1.11 1.12
Debt to Equity 28.62 12.76 9.16 8.16 7.60
Long-Term Debt to Equity 25.91 11.28 8.07 7.26 6.74
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 1.26 1.24 1.20 2.14 1.60 1.65 1.61 2.23 1.93 2.15 2.02 2.95 2.76 3.22 3.62 4.09 4.50 2.77 3.26 4.17
Quick Ratio 0.57 0.61 0.60 0.83 0.71 0.68 0.67 0.78 0.62 0.94 0.82 0.95 0.86 0.76 0.91 1.29 1.08 0.63 0.73 1.29
Current Ratio 0.84 0.83 0.82 0.88 0.81 0.79 0.84 0.80 0.66 0.95 0.94 0.99 0.89 0.69 0.83 1.11 1.01 0.87 0.95 1.12
Debt to Equity -1126.55 56.52 40.89 28.62 0.96 14.95 13.76 12.76 10.82 9.95 9.88 9.16 11.37 10.89 9.50 8.16 7.38 9.72 8.71 7.60
Long-Term Debt to Equity -1007.17 51.22 37.14 25.91 0.86 13.13 12.13 11.28 8.99 8.75 8.57 8.07 10.03 9.25 8.18 7.26 6.35 8.26 7.41 6.74

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -3.19 -3.39 -4.02 -1.55 1.19
ROE -94.40 -46.65 -40.82 -14.19 10.22
Gross Margin 25.57 24.76 21.04 18.16 22.52
Operating Margin 1.77 1.92 -1.25 3.18 8.36
EBITDA Margin 13.53 13.54 11.28 15.69 18.69
Net Profit Margin -6.46 -6.27 -8.44 -3.60 2.32
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
ROA -3.70 -1.76 -1.05 -0.97 -1.23 -0.53 -1.68 -0.83 -0.76 -3.49 -2.99 -1.59 -0.26 -2.91 -1.61
ROE 4169.39 -101.15 -43.86 -1.89 -19.70 -7.87 -19.84 -9.10 -8.24 -43.18 -35.57 -16.69 -2.22 -31.14 -15.58
Gross Margin 26.63 26.99 27.41 25.90 26.22 26.10 24.68 24.81 24.89 21.69 19.48 18.87 17.98 17.44 16.99
Operating Margin -1.31 1.18 -0.08 -4.99 -4.29 -3.78 -4.37 -3.21 -5.84 -10.06 -13.54 -15.05 -0.11 -13.03 -14.35
EBITDA Margin 10.57 12.93 11.55 6.58 7.17 7.51 7.17 8.31 5.69 2.36 -0.71 -2.18 12.09 -1.39 -2.91
Net Profit Margin -9.13 -6.64 -7.98 -5.03 -4.31 -3.78 -4.33 -3.26 -5.91 -10.01 -13.49 -14.76 -0.83 -13.03 -14.45

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 6,335,562.00 5,573,435.00 5,937,062.00 6,410,467.00 6,901,758.00
   Current Assets 512,937.00 478,368.00 637,093.00 698,994.00 773,603.00
      Cash and Short-Term Investments 428,446.00 420,208.00 551,700.00 765,514.00 782,343.00
            Cash and Cash Equivalents 308,925.00 277,971.00 398,850.00 347,031.00 380,420.00
            Short-Term Investments 119,521.00 142,237.00 152,850.00 418,483.00 401,923.00
      Net Receivables 51,891.00 48,393.00 55,761.00 51,137.00 109,221.00
      Inventory 0 0 0 0 0
      Other Current Assets 32,600.00 9,767.00 29,632.00 -117,657.00 -117,961.00
   Non-Current Assets 5,822,625.00 5,095,067.00 5,299,969.00 5,711,473.00 6,128,155.00
      Property, Plant, Equipment Net 6,163,138.00 5,123,836.00 5,132,832.00 5,534,715.00 5,856,198.00
      Goodwill 54,621.00 54,621.00 54,621.00 27,321.00 308,241.00
      Intangible Assets 0 0 0 0 34,060.00
      Long-Term Investments 0 1,906.00 55,333.00 67,424.00 4,898.00
      Non-Current Deferred Assets 0 0 1,604.00 279.00 0
      Other Non-Current Assets -395,134.00 -85,296.00 55,579.00 81,734.00 -75,242.00
Liabilities 6,121,657.00 5,168,282.00 5,352,909.00 5,710,844.00 6,099,029.00
   Current Liabilities 579,763.00 600,116.00 641,205.00 631,954.00 690,733.00
      Payables and Expenses 329,899.00 309,194.00 308,148.00 330,956.00 359,084.00
            Account Payables 65,515.00 66,526.00 71,000.00 76,125.00 71,233.00
            Current Accrued Liabilities 264,384.00 242,668.00 237,148.00 254,831.00 287,851.00
      Short-Term Debt 188,890.00 235,169.00 266,860.00 233,918.00 234,654.00
      Other Current Liabilities 60,974.00 55,753.00 66,197.00 67,080.00 96,995.00
   Non-Current Liabilities 5,541,894.00 4,568,166.00 4,711,704.00 5,078,890.00 5,408,296.00
      Long-Term Debt 5,463,107.00 4,490,500.00 4,625,873.00 4,992,099.00 5,210,296.00
      Other Non-Current Liabilities 78,787.00 77,666.00 85,831.00 86,791.00 198,000.00
Equity 213,905.00 405,153.00 584,153.00 699,623.00 802,729.00
   Shareholders Equity 212,475.00 403,664.00 582,605.00 697,402.00 800,434.00
      Capital Stock 2,105.00 1,988.00 1,978.00 1,975.00 1,983.00
      Share Premium 4,352,991.00 4,342,362.00 4,332,302.00 4,208,675.00 4,212,409.00
      Retained Earnings -4,039,847.00 -3,837,912.00 -3,648,901.00 -3,410,474.00 -3,311,184.00
      Treasury Shares 102,774.00 102,774.00 102,774.00 102,774.00 102,774.00
      Accumulated Other Comprehensive Income 0 0 0 0 0
   Minority Interest 1,430.00 1,489.00 1,548.00 2,221.00 2,295.00
Investments 119,521.00 144,143.00 208,183.00 485,907.00 406,821.00
Debt 5,651,997.00 4,725,669.00 4,892,733.00 5,226,017.00 5,444,950.00
Net Debt 5,223,551.00 4,305,461.00 4,341,033.00 4,460,503.00 4,662,607.00
Common Shares Outstanding 200,019.83 188,253.30 187,249.47 186,957.79 187,804.14
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 3,125,487.00 3,015,829.00 2,825,379.00 2,758,259.00 3,540,195.00
Cost Of Revenue 2,326,177.00 2,269,125.00 2,230,966.00 2,257,308.00 2,743,048.00
Gross Profit 799,310.00 746,704.00 594,413.00 500,951.00 797,147.00
Operating Expenses 752,782.00 728,292.00 637,100.00 717,887.00 894,839.00
   Selling, General and Administrative Expenses 185,850.00 178,894.00 168,594.00 184,916.00 206,575.00
   Other Operating Expenses 566,932.00 549,398.00 468,506.00 532,971.00 688,264.00
Operating Income 46,528.00 18,412.00 -42,687.00 -216,936.00 -97,692.00
Net Non-Operating Income -243,876.00 -198,698.00 -197,212.00 109,409.00 184,989.00
Interest Income 271,737.00 261,420.00 211,652.00 196,489.00 213,578.00
Interest Expense 252,575.00 238,274.00 204,717.00 195,140.00 208,779.00
Net Interest 19,162.00 23,146.00 6,935.00 1,349.00 4,799.00
EBT -197,348.00 -180,286.00 -239,899.00 -107,527.00 87,297.00
Income Tax 4,646.00 8,784.00 1,559.00 8,163.00 5,352.00
Equity Method Investments Income 0 -3,096.00 -6,582.00 41,194.00 -2,107.00
Net Income Including Non-Controlling Interests -201,876.00 -188,952.00 -238,514.00 -99,216.00 82,093.00
Net Income Non-Controlling Interests -59.00 -59.00 87.00 -74.00 -74.00
Net Income -201,935.00 -189,011.00 -238,427.00 -99,290.00 82,019.00
EBIT 55,227.00 57,988.00 -35,182.00 87,613.00 296,076.00
Deprecation and Amortization 367,511.00 350,408.00 353,890.00 345,062.00 365,654.00
EBITDA 422,738.00 408,396.00 318,708.00 432,675.00 661,730.00
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 227,525.00 262,409.00 227,663.00 184,975.00 183,498.00
Average Shares Outstanding Diluted 227,525.00 225,209.00 190,463.00 184,975.00 192,786.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 166,177.00 162,923.00 3,281.00 -94,634.00 205,649.00
   Operating Net Income -202,053.00 -189,129.00 -476,680.00 -198,728.00 81,945.00
   Deprecation and Amortization 367,511.00 350,408.00 353,890.00 345,062.00 365,654.00
   Deferred Income Tax 3,617.00 7,590.00 -1,324.00 -9,837.00 -5,840.00
   Share Based Compensation 14,184.00 11,985.00 14,466.00 16,270.00 20,747.00
   Change in Working Capital 41,117.00 -24,695.00 -13.00 -61,587.00 -23,941.00
   Other Operating Activities -58,199.00 6,764.00 112,942.00 -185,814.00 -232,916.00
Investing Cash Flow -278,066.00 -113,364.00 -67,429.00 181,457.00 -425,111.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 722,278.00 779,102.00 604,514.00 870,038.00 1,356,356.00
   Net Purchase/Sale of Investments Net 109,384.00 371,862.00 667,761.00 720,145.00 661,788.00
   Net Purchase/Sale of Business 0 38,376.00 218.00 105,436.00 18,930.00
   Other Investing Activities -1,109,728.00 -1,302,704.00 -1,339,922.00 -1,514,162.00 -2,462,185.00
Financing Cash Flow 142,061.00 -174,439.00 100,382.00 -113,657.00 382,913.00
   Net Issuance/Repayment of Debt 1,360,649.00 572,791.00 535,444.00 794,533.00 1,834,720.00
   Net Issuance/Repurchase of Equity 0 0 139,438.00 0 18,123.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities -1,218,588.00 -747,230.00 -574,500.00 -908,190.00 -1,469,930.00
Net Change in Cash 30,172.00 -124,880.00 36,234.00 -26,834.00 163,451.00
   Cash at Beginning of Period 349,668.00 474,548.00 438,314.00 465,148.00 301,697.00
   Cash at End of Period 379,840.00 349,668.00 474,548.00 438,314.00 465,148.00
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 6,012,708.00 6,141,466.00 6,205,691.00 6,335,562.00 12,195,446.00 5,450,886.00 5,542,324.00 5,573,435.00 5,829,069.00 5,904,735.00 5,885,859.00 5,937,062.00 6,093,953.00 6,168,296.00 6,294,977.00 6,410,467.00 6,654,333.00 6,602,949.00 6,746,153.00 6,901,758.00
   Current Assets 536,939.00 467,481.00 454,033.00 512,937.00 473,717.00 492,829.00 515,736.00 478,368.00 593,947.00 617,111.00 666,431.00 637,093.00 581,434.00 587,466.00 654,896.00 698,994.00 833,113.00 780,931.00 856,552.00 773,603.00
      Cash and Short-Term Investments 295,263.00 289,156.00 277,912.00 428,446.00 363,179.00 373,404.00 364,222.00 420,208.00 505,414.00 563,795.00 529,618.00 551,700.00 515,463.00 599,684.00 672,598.00 765,514.00 832,067.00 511,418.00 600,288.00 782,343.00
            Cash and Cash Equivalents 253,448.00 251,888.00 239,731.00 308,925.00 254,711.00 290,018.00 318,549.00 277,971.00 331,716.00 336,576.00 362,235.00 398,850.00 299,201.00 238,757.00 289,247.00 347,031.00 478,509.00 280,675.00 303,952.00 380,420.00
            Short-Term Investments 41,815.00 37,268.00 38,181.00 119,521.00 108,468.00 83,386.00 45,673.00 142,237.00 173,698.00 227,219.00 167,383.00 152,850.00 216,262.00 360,927.00 383,351.00 418,483.00 353,558.00 230,743.00 296,336.00 401,923.00
      Net Receivables 67,556.00 56,061.00 57,894.00 51,891.00 53,002.00 49,782.00 49,645.00 48,393.00 47,522.00 48,222.00 52,618.00 55,761.00 51,548.00 49,544.00 49,952.00 51,137.00 52,223.00 52,906.00 52,588.00 109,221.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 174,120.00 122,264.00 118,227.00 32,600.00 57,536.00 69,643.00 101,869.00 9,767.00 41,011.00 5,094.00 84,195.00 29,632.00 14,423.00 -61,762.00 -67,654.00 -117,657.00 -51,177.00 216,607.00 203,676.00 -117,961.00
   Non-Current Assets 5,475,769.00 5,673,985.00 5,751,658.00 5,822,625.00 11,721,729.00 4,958,057.00 5,026,588.00 5,095,067.00 5,235,122.00 5,287,624.00 5,219,428.00 5,299,969.00 5,512,519.00 5,580,830.00 5,640,081.00 5,711,473.00 5,821,220.00 5,822,018.00 5,889,601.00 6,128,155.00
      Property, Plant, Equipment Net 5,375,809.00 5,579,813.00 5,654,156.00 6,163,138.00 5,466,573.00 4,860,306.00 4,933,284.00 5,123,836.00 5,214,506.00 5,258,662.00 5,058,643.00 5,132,832.00 5,341,154.00 5,411,834.00 5,462,979.00 5,534,715.00 5,609,711.00 5,691,221.00 5,761,755.00 5,856,198.00
      Goodwill 54,621.00 54,621.00 54,621.00 54,621.00 54,621.00 54,621.00 54,621.00 54,621.00 54,621.00 54,621.00 54,621.00 54,621.00 54,621.00 54,621.00 54,621.00 27,321.00 54,621.00 181,421.00 181,421.00 308,241.00
      Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 34,060.00
      Long-Term Investments 0 0 0 0 0 0 0 1,906.00 55,973.00 49,810.00 54,788.00 55,333.00 57,701.00 59,697.00 62,050.00 67,424.00 103,808.00 8,190.00 4,972.00 4,898.00
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 3,619.00 1,415.00 1,359.00 1,604.00 2,348.00 1,717.00 2,584.00 279.00 0 0 0 0
      Other Non-Current Assets 45,339.00 39,551.00 42,881.00 -395,134.00 6,200,535.00 43,130.00 38,683.00 -85,296.00 -93,597.00 -76,884.00 50,017.00 55,579.00 56,695.00 52,961.00 57,847.00 81,734.00 53,080.00 -58,814.00 -58,547.00 -75,242.00
Liabilities 6,018,050.00 6,034,686.00 6,057,556.00 6,121,657.00 5,962,001.00 5,109,213.00 5,166,876.00 5,168,282.00 5,335,730.00 5,365,459.00 5,345,005.00 5,352,909.00 5,601,154.00 5,649,729.00 5,695,698.00 5,710,844.00 5,860,553.00 5,986,814.00 6,051,046.00 6,099,029.00
   Current Liabilities 637,772.00 565,722.00 555,712.00 579,763.00 583,984.00 622,085.00 614,251.00 600,116.00 898,295.00 649,173.00 707,276.00 641,205.00 657,003.00 854,013.00 792,898.00 631,954.00 821,916.00 897,322.00 898,962.00 690,733.00
      Payables and Expenses 389,293.00 351,631.00 322,842.00 329,899.00 321,968.00 306,608.00 292,438.00 309,194.00 337,133.00 336,582.00 327,086.00 308,148.00 339,368.00 336,801.00 335,489.00 330,956.00 367,730.00 344,484.00 329,395.00 359,084.00
            Account Payables 84,765.00 83,479.00 73,168.00 65,515.00 73,275.00 74,700.00 74,497.00 66,526.00 76,784.00 94,539.00 88,730.00 71,000.00 77,706.00 76,651.00 82,014.00 76,125.00 73,810.00 74,558.00 65,278.00 71,233.00
            Current Accrued Liabilities 304,528.00 268,152.00 249,674.00 264,384.00 248,693.00 231,908.00 217,941.00 242,668.00 260,349.00 242,043.00 238,356.00 237,148.00 261,662.00 260,150.00 253,475.00 254,831.00 293,920.00 269,926.00 264,117.00 287,851.00
      Short-Term Debt 222,411.00 152,405.00 167,176.00 188,890.00 203,475.00 261,288.00 263,336.00 235,169.00 496,238.00 243,163.00 319,888.00 266,860.00 243,265.00 445,792.00 384,141.00 233,918.00 387,408.00 382,440.00 385,312.00 234,654.00
      Other Current Liabilities 26,068.00 61,686.00 65,694.00 60,974.00 58,541.00 54,189.00 58,477.00 55,753.00 64,924.00 69,428.00 60,302.00 66,197.00 74,370.00 71,420.00 73,268.00 67,080.00 66,778.00 170,398.00 184,255.00 96,995.00
   Non-Current Liabilities 5,380,278.00 5,468,964.00 5,501,844.00 5,541,894.00 5,378,017.00 4,487,128.00 4,552,625.00 4,568,166.00 4,437,435.00 4,716,286.00 4,637,729.00 4,711,704.00 4,944,151.00 4,795,716.00 4,902,800.00 5,078,890.00 5,038,637.00 5,089,492.00 5,152,084.00 5,408,296.00
      Long-Term Debt 5,409,827.00 5,497,673.00 5,529,423.00 5,463,107.00 4,987,688.00 4,413,898.00 4,478,005.00 4,490,500.00 4,365,916.00 4,644,665.00 4,566,206.00 4,625,873.00 4,862,066.00 4,712,455.00 4,818,036.00 4,992,099.00 4,899,075.00 4,953,748.00 5,001,283.00 5,210,296.00
      Other Non-Current Liabilities -29,549.00 -28,709.00 -27,579.00 78,787.00 390,329.00 73,230.00 74,620.00 77,666.00 71,519.00 71,621.00 71,523.00 85,831.00 82,085.00 83,261.00 84,764.00 86,791.00 139,562.00 135,744.00 150,801.00 198,000.00
Equity -5,342.00 106,780.00 148,135.00 213,905.00 6,233,445.00 341,673.00 375,448.00 405,153.00 493,339.00 539,276.00 540,854.00 584,153.00 492,799.00 518,567.00 599,279.00 699,623.00 793,780.00 616,135.00 695,107.00 802,729.00
   Shareholders Equity -6,731.00 105,379.00 146,719.00 212,475.00 292,877.00 340,214.00 373,974.00 403,664.00 491,836.00 537,758.00 539,320.00 582,605.00 491,237.00 516,230.00 597,077.00 697,402.00 791,541.00 613,877.00 692,830.00 800,434.00
      Capital Stock 2,480.00 2,480.00 2,445.00 2,105.00 2,098.00 2,077.00 2,035.00 1,988.00 1,988.00 1,988.00 1,988.00 1,978.00 1,978.00 1,978.00 1,978.00 1,975.00 1,975.00 1,977.00 1,978.00 1,983.00
      Share Premium 4,356,139.00 4,353,523.00 4,351,874.00 4,352,991.00 4,349,478.00 4,346,116.00 4,342,191.00 4,342,362.00 4,339,378.00 4,336,504.00 4,333,556.00 4,332,302.00 4,215,297.00 4,211,931.00 4,208,360.00 4,208,675.00 4,221,112.00 4,217,728.00 4,213,095.00 4,212,409.00
      Retained Earnings -4,262,576.00 -4,147,850.00 -4,104,826.00 -4,039,847.00 -3,955,925.00 -3,905,205.00 -3,867,478.00 -3,837,912.00 -3,746,756.00 -3,697,960.00 -3,693,450.00 -3,648,901.00 -3,623,264.00 -3,594,905.00 -3,510,487.00 -3,410,474.00 -3,328,772.00 -3,503,054.00 -3,419,469.00 -3,311,184.00
      Treasury Shares 102,774.00 102,774.00 102,774.00 102,774.00 102,774.00 102,774.00 102,774.00 102,774.00 102,774.00 102,774.00 102,774.00 102,774.00 102,774.00 102,774.00 102,774.00 102,774.00 102,774.00 102,774.00 102,774.00 102,774.00
      Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Minority Interest 1,389.00 1,401.00 1,416.00 1,430.00 1,445.00 1,459.00 1,474.00 1,489.00 1,503.00 1,518.00 1,534.00 1,548.00 1,562.00 2,337.00 2,202.00 2,221.00 2,239.00 2,258.00 2,277.00 2,295.00
Investments 41,815.00 37,268.00 38,181.00 119,521.00 108,468.00 83,386.00 45,673.00 144,143.00 229,671.00 277,029.00 222,171.00 208,183.00 273,963.00 420,624.00 445,401.00 485,907.00 457,366.00 238,933.00 301,308.00 406,821.00
Debt 5,632,238.00 5,650,078.00 5,696,599.00 5,651,997.00 5,191,163.00 4,675,186.00 4,741,341.00 4,725,669.00 4,862,154.00 4,887,828.00 4,886,094.00 4,892,733.00 5,105,331.00 5,158,247.00 5,202,177.00 5,226,017.00 5,286,483.00 5,336,188.00 5,386,595.00 5,444,950.00
Net Debt 5,336,975.00 5,360,922.00 5,418,687.00 5,223,551.00 4,827,984.00 4,301,782.00 4,377,119.00 4,305,461.00 4,356,740.00 4,324,033.00 4,356,476.00 4,341,033.00 4,589,868.00 4,558,563.00 4,529,579.00 4,460,503.00 4,454,416.00 4,824,770.00 4,786,307.00 4,662,607.00
Common Shares Outstanding 237,525.59 237,454.48 234,002.88 200,019.83 199,240.50 197,201.02 193,012.56 188,253.30 188,240.19 188,235.12 188,234.70 187,249.47 187,255.53 187,255.62 187,283.27 186,957.79 186,959.16 187,138.93 187,229.54 187,804.14
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 2,439,973.00 1,626,808.00 813,864.00 -1,562,255.00 2,344,539.00 1,560,372.00 782,831.00 -1,502,835.00 2,261,346.00 1,504,055.00 753,263.00 -1,344,571.00 2,124,794.00 1,367,336.00 677,820.00 -1,578,314.00 2,114,391.00 1,472,737.00 749,445.00
Cost Of Revenue 1,790,113.00 1,187,801.00 590,777.00 -1,140,879.00 1,737,289.00 1,151,245.00 578,522.00 -1,130,782.00 1,703,268.00 1,130,878.00 565,761.00 -1,083,847.00 1,663,951.00 1,100,957.00 549,905.00 -1,314,990.00 1,734,232.00 1,215,960.00 622,106.00
Gross Profit 649,860.00 439,007.00 223,087.00 -421,376.00 607,250.00 409,127.00 204,309.00 -372,053.00 558,078.00 373,177.00 187,502.00 -260,724.00 460,843.00 266,379.00 127,915.00 -263,324.00 380,159.00 256,777.00 127,339.00
Operating Expenses 659,212.00 394,524.00 193,511.00 -361,583.00 558,583.00 370,719.00 185,063.00 -291,007.00 515,429.00 324,190.00 179,680.00 -427,529.00 529,219.00 353,961.00 181,449.00 -385,003.00 543,099.00 370,862.00 188,929.00
   Selling, General and Administrative Expenses 153,713.00 102,847.00 47,874.00 -89,603.00 137,325.00 92,396.00 45,732.00 -100,691.00 137,021.00 93,945.00 48,619.00 -91,619.00 128,209.00 86,878.00 45,126.00 -113,525.00 146,155.00 102,343.00 49,943.00
   Other Operating Expenses 505,499.00 291,677.00 145,637.00 -271,980.00 421,258.00 278,323.00 139,331.00 -190,316.00 378,408.00 230,245.00 131,061.00 -335,910.00 401,010.00 267,083.00 136,323.00 -271,478.00 396,944.00 268,519.00 138,986.00
Operating Income -9,352.00 44,483.00 29,576.00 -59,793.00 48,667.00 38,408.00 19,246.00 -81,046.00 42,649.00 48,987.00 7,822.00 166,805.00 -68,376.00 -87,582.00 -53,534.00 121,679.00 -162,940.00 -114,085.00 -61,590.00
Net Non-Operating Income -214,198.00 -153,462.00 -95,245.00 75,951.00 -165,638.00 -105,322.00 -48,867.00 91,922.00 -141,578.00 -97,229.00 -51,813.00 94,180.00 -145,399.00 -97,519.00 -48,474.00 72,697.00 160,535.00 -77,862.00 -45,961.00
Interest Income 201,273.00 134,679.00 68,679.00 271,737.00 0 0 0 261,420.00 0 0 0 211,652.00 0 0 0 196,489.00 0 0 0
Interest Expense 191,686.00 128,112.00 65,031.00 252,575.00 0.00 0.00 0.00 238,274.00 0.00 0.00 0.00 204,717.00 0.00 0.00 0.00 195,140.00 0.00 0.00 0.00
Net Interest 9,587.00 6,567.00 3,648.00 -9,263.00 14,155.00 9,492.00 4,778.00 -11,385.00 17,764.00 11,441.00 5,326.00 2,902.00 3,065.00 873.00 95.00 -882.00 1,048.00 762.00 421.00
EBT -223,550.00 -108,979.00 -65,669.00 16,158.00 -116,971.00 -66,914.00 -29,621.00 10,876.00 -98,929.00 -48,242.00 -43,991.00 260,985.00 -213,775.00 -185,101.00 -102,008.00 194,376.00 -2,405.00 -191,947.00 -107,551.00
Income Tax 780.00 947.00 676.00 3,111.00 1,086.00 409.00 40.00 6,336.00 1,029.00 847.00 572.00 -2,289.00 1,086.00 786.00 1,976.00 -7,868.00 15,239.00 40.00 752.00
Equity Method Investments Income 0 0 0 0 0 0 0 2,367.00 -3,156.00 -1,730.00 -577.00 14,998.00 -9,353.00 -7,333.00 -4,894.00 16,369.00 11,941.00 13,415.00 -531.00
Net Income Including Non-Controlling Interests -222,688.00 -107,974.00 -64,965.00 12,907.00 -117,969.00 -67,263.00 -29,551.00 2,422.00 -97,810.00 -49,029.00 -44,535.00 258,918.00 -212,891.00 -184,547.00 -99,994.00 218,416.00 -17,532.00 -191,833.00 -108,267.00
Net Income Non-Controlling Interests -41.00 -29.00 -14.00 30.00 -44.00 -30.00 -15.00 30.00 -45.00 -30.00 -14.00 -111.00 101.00 116.00 -19.00 37.00 -56.00 -37.00 -18.00
Net Income -222,729.00 -108,003.00 -64,979.00 12,937.00 -118,013.00 -67,293.00 -29,566.00 2,452.00 -97,855.00 -49,059.00 -44,549.00 258,807.00 -212,790.00 -184,431.00 -100,013.00 218,453.00 -17,588.00 -191,870.00 -108,285.00
EBIT -31,864.00 19,133.00 -638.00 268,733.00 -116,971.00 -66,914.00 -29,621.00 249,150.00 -98,929.00 -48,242.00 -43,991.00 465,702.00 -213,775.00 -185,101.00 -102,008.00 389,516.00 -2,405.00 -191,947.00 -107,551.00
Deprecation and Amortization 289,710.00 191,171.00 94,606.00 -170,766.00 271,147.00 178,746.00 88,384.00 -170,750.00 261,063.00 173,221.00 86,874.00 -172,524.00 263,819.00 175,369.00 87,226.00 -170,231.00 258,034.00 171,495.00 85,764.00
EBITDA 257,846.00 210,304.00 93,968.00 97,967.00 154,176.00 111,832.00 58,763.00 78,400.00 162,134.00 124,979.00 42,883.00 293,178.00 50,044.00 -9,732.00 -14,782.00 219,285.00 255,629.00 -20,452.00 -21,787.00
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 234,326.00 232,719.00 230,678.00 230,931.00 226,939.00 226,340.00 225,890.00 263,328.00 262,336.00 262,194.00 261,778.00 351,902.00 186,493.00 186,341.00 185,916.00 186,448.00 184,841.00 184,600.00 184,011.00
Average Shares Outstanding Diluted 234,326.00 232,719.00 230,678.00 230,931.00 226,939.00 226,340.00 225,890.00 226,128.00 225,136.00 224,994.00 224,578.00 203,102.00 186,493.00 186,341.00 185,916.00 173,748.00 184,841.00 190,700.00 190,611.00
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 183,491.00 106,966.00 23,402.00 -8,180.00 120,979.00 54,524.00 -1,146.00 -82,614.00 133,629.00 87,866.00 24,042.00 -13,629.00 51,843.00 -11,678.00 -23,255.00 -37,083.00 -13,247.00 -20,447.00 -23,857.00
   Operating Net Income -222,811.00 -108,061.00 -65,007.00 12,997.00 -118,101.00 -67,353.00 -29,596.00 2,512.00 -97,945.00 -49,119.00 -44,577.00 517,392.00 -425,378.00 -368,630.00 -200,064.00 436,980.00 -35,288.00 -383,814.00 -216,606.00
   Deprecation and Amortization 289,710.00 191,171.00 94,606.00 -170,766.00 271,147.00 178,746.00 88,384.00 -170,750.00 261,063.00 173,221.00 86,874.00 -172,524.00 263,819.00 175,369.00 87,226.00 -170,231.00 258,034.00 171,495.00 85,764.00
   Deferred Income Tax -2,221.00 -1,905.00 -1,157.00 4,450.00 -48.00 -360.00 -425.00 9,173.00 -2,015.00 188.00 244.00 4,486.00 -2,068.00 -1,438.00 -2,304.00 -17,964.00 8,512.00 -704.00 319.00
   Share Based Compensation 9,701.00 7,068.00 3,979.00 -6,988.00 10,651.00 7,248.00 3,273.00 -6,158.00 8,966.00 6,073.00 3,104.00 -7,830.00 10,907.00 7,504.00 3,885.00 -10,701.00 12,878.00 9,310.00 4,783.00
   Change in Working Capital 65,232.00 20,424.00 -4,042.00 61,997.00 16,457.00 -11,773.00 -25,564.00 -19,288.00 5,484.00 -13,964.00 3,073.00 -19,772.00 14,750.00 4,245.00 764.00 -74,311.00 -1,243.00 1,868.00 12,099.00
   Other Operating Activities 43,880.00 -1,731.00 -4,977.00 90,130.00 -59,127.00 -51,984.00 -37,218.00 101,897.00 -41,924.00 -28,533.00 -24,676.00 -335,381.00 189,813.00 171,272.00 87,238.00 -200,856.00 -256,140.00 181,398.00 89,784.00
Investing Cash Flow -411,349.00 -377,154.00 -326,755.00 -62,201.00 -133,516.00 -75,403.00 -6,946.00 188,312.00 -135,747.00 -103,910.00 -62,019.00 106,228.00 -57,493.00 -80,001.00 -36,163.00 -14,221.00 201,729.00 -2,245.00 -3,806.00
   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 735,245.00 604,884.00 437,811.00 -169,321.00 455,148.00 296,595.00 139,856.00 -265,574.00 528,502.00 351,099.00 165,075.00 -291,079.00 465,107.00 304,980.00 125,506.00 -201,424.00 696,021.00 253,037.00 122,404.00
   Net Purchase/Sale of Investments Net 20,176.00 19,893.00 20,055.00 -49,877.00 79,426.00 49,767.00 30,068.00 -188,239.00 305,801.00 175,559.00 78,741.00 -569,518.00 554,416.00 427,873.00 254,990.00 -301,533.00 510,842.00 312,909.00 197,927.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 23,997.00 10,984.00 3,395.00 0 -223.00 192.00 167.00 82.00 -10,488.00 105,359.00 5,359.00 5,206.00
   Other Investing Activities -1,166,770.00 -1,001,931.00 -784,621.00 156,997.00 -668,090.00 -421,765.00 -176,870.00 618,128.00 -981,034.00 -633,963.00 -305,835.00 967,048.00 -1,077,208.00 -813,021.00 -416,741.00 499,224.00 -1,110,493.00 -573,550.00 -329,343.00
Financing Cash Flow 179,345.00 213,910.00 239,669.00 59,342.00 -5,086.00 33,715.00 54,090.00 -55,534.00 -69,154.00 -49,922.00 171.00 156,725.00 -37,847.00 -18,093.00 -403.00 54,190.00 -75,731.00 -56,554.00 -35,562.00
   Net Issuance/Repayment of Debt 448,145.00 416,090.00 391,011.00 613,448.00 523,428.00 122,348.00 101,425.00 308,103.00 117,398.00 98,449.00 48,841.00 320,139.00 96,221.00 72,386.00 46,698.00 510,819.00 121,223.00 93,992.00 68,499.00
   Net Issuance/Repurchase of Equity 0 0 0 0 0 0 0 0 0 0 0 139,438.00 0 0 0 0 0 0 0
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -268,800.00 -202,180.00 -151,342.00 -554,106.00 -528,514.00 -88,633.00 -47,335.00 -363,637.00 -186,552.00 -148,371.00 -48,670.00 -302,852.00 -134,068.00 -90,479.00 -47,101.00 -456,629.00 -196,954.00 -150,546.00 -104,061.00
Net Change in Cash -48,513.00 -56,278.00 -63,684.00 -11,039.00 -17,623.00 12,836.00 45,998.00 50,164.00 -71,272.00 -65,966.00 -37,806.00 249,324.00 -43,497.00 -109,772.00 -59,821.00 2,886.00 112,751.00 -79,246.00 -63,225.00
   Cash at Beginning of Period 379,840.00 379,840.00 379,840.00 390,879.00 349,668.00 349,668.00 349,668.00 299,504.00 474,548.00 474,548.00 474,548.00 225,224.00 438,314.00 438,314.00 438,314.00 435,428.00 465,148.00 465,148.00 465,148.00
   Cash at End of Period 331,327.00 323,562.00 316,156.00 379,840.00 332,045.00 362,504.00 395,666.00 349,668.00 403,276.00 408,582.00 436,742.00 474,548.00 394,817.00 328,542.00 378,493.00 438,314.00 577,899.00 385,902.00 401,923.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0