Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 70.89 53.53 102.82 61.57
Price to Sales 7.85 5.90 5.22 5.08
Book Value Per Common Share 29.93 26.75
Price to Book 2.98 2.16
Price to Operating Cash Flow 38.26 33.56 43.37 32.31
Price to Free Cash Flow
Enterprise Value to EBITDA 340859.52 243757.27 240953.90 240717.20
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 65.09 108.49 219.30 95.23 137.52 201.44 71.35 138.69 238.24 107.58 155.29 632.71 67.80 122.17 168.04
Price to Sales 9.77 16.33 31.96 10.11 14.19 26.08 7.28 11.15 21.20 5.87 8.49 20.90 7.04 10.42 19.92
Book Value Per Common Share 14.88 14.19 15.00 13.91 14.09 13.75 13.04 12.65 12.43
Price to Book 6.56 7.57 6.73 6.03 5.47 4.98 4.05 4.28 4.02
Price to Operating Cash Flow 45.57 86.92 275.48 62.27 115.82 613.16 49.48 91.91 378.16 77.01 213.83 -1090.89 44.30 65.50 193.06
Price to Free Cash Flow
Enterprise Value to EBITDA 365985.26 615768.87 1229546.16 433475.62 632571.05 1025194.14 298468.34 490834.71 904709.29 277837.96 379830.56 891934.54 306211.12 517645.57 812347.28

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 16.67 140.00 -34.78
Revenue YoY 17.61 12.29 6.68 19.92
EBITDA YoY 11.90 25.45 9.44 78.65
Net Profit YoY 18.03 144.55 -34.82
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
Earning YoY 51.52 115.22 57.14 64.71 89.74 85.71 50.00 242.86 82.86 52.17
Revenue YoY 52.08 108.54 52.76 106.87 50.47 106.20 50.56 107.20 50.30 111.81
EBITDA YoY 53.04 112.79 58.92 82.36 61.40 100.00 42.15 97.74 71.70 73.78
Net Profit YoY 51.33 118.25 57.27 65.45 -1.98 50.88 252.58 81.00 52.91

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 0.28 0.60 0.65 1.36 1.52
Quick Ratio 0.46 0.63 0.76 0.87 1.00
Current Ratio 1.08 1.32 1.51 1.48 1.82
Debt to Equity 0.79 0.80 -0.08 -0.03 0.00
Long-Term Debt to Equity 0.50 0.55 -0.18 -0.16 -0.12
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
Cash Per Common Share 0.86 0.36 0.49 1.70 1.98 1.59 0.66 0.30 0.40 0.24 0.20 0.23 1.37 2.01 1.57
Quick Ratio 0.77 0.65 0.68 0.85 0.95 0.94 0.67 0.56 0.65 0.62 0.57 0.51 0.90 1.11 1.14
Current Ratio 1.51 1.37 1.45 1.48 1.61 1.67 1.42 1.29 1.40 1.45 1.31 1.18 1.55 1.66 1.80
Debt to Equity -0.40 -0.39 -0.40 0.82 -0.10 -0.09 -0.11 0.82 0.82 -0.09 -0.07 0.93 -0.03 0.96 -0.02
Long-Term Debt to Equity -0.47 -0.46 -0.48 0.54 -0.24 -0.21 -0.23 0.57 0.59 -0.20 -0.18 0.68 -0.15 0.70 -0.13

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 4.70 4.47 1.98 3.06 -0.37
ROE 8.42 8.04 1.83 2.96 -0.38
Gross Margin 68.61 69.49 68.81 68.78 65.05
Operating Margin 15.45 15.80 12.70 11.92 2.84
EBITDA Margin 23.03 24.20 21.66 21.11 14.17
Net Profit Margin 11.06 11.03 5.06 8.29 -1.16
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
ROA 5.21 3.54 1.68 3.38 2.21 1.35 3.13 1.62 1.06 0.30 2.84 1.60 1.06
ROE 3.15 2.17 1.00 6.15 1.99 1.23 2.78 1.46 0.99 0.58 2.75 3.14 1.04
Gross Margin 68.81 68.21 68.84 68.89 68.92 68.67 69.59 69.99 69.31 68.80 68.64 68.44 68.74 68.45 67.51
Operating Margin 19.91 19.72 19.02 15.77 14.72 17.56 15.98 14.38 15.02 12.19 13.46 14.38 13.82 11.01 14.79
EBITDA Margin 26.69 26.52 25.99 23.33 22.43 25.44 24.37 22.72 23.43 21.11 22.36 23.43 22.99 20.12 24.53
Net Profit Margin 15.05 15.13 14.45 10.57 10.27 12.84 10.13 5.47 5.45 3.21 10.33 8.58 11.88

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 39,395,000.00 35,136,000.00 32,469,000.00 32,229,000.00 30,777,000.00
   Current Assets 6,920,000.00 6,514,000.00 5,760,000.00 6,317,000.00 6,694,000.00
      Cash and Short-Term Investments 414,000.00 865,000.00 930,000.00 1,935,000.00 2,148,000.00
            Cash and Cash Equivalents 414,000.00 865,000.00 928,000.00 1,925,000.00 1,734,000.00
            Short-Term Investments 0 0 2,000.00 10,000.00 414,000.00
      Net Receivables 2,558,000.00 2,228,000.00 1,970,000.00 1,778,000.00 1,531,000.00
      Inventory 2,810,000.00 2,484,000.00 1,867,000.00 1,610,000.00 1,351,000.00
      Other Current Assets 1,138,000.00 937,000.00 993,000.00 994,000.00 1,664,000.00
   Non-Current Assets 32,475,000.00 28,622,000.00 26,709,000.00 25,912,000.00 24,083,000.00
      Property, Plant, Equipment Net 3,743,000.00 3,298,000.00 2,832,000.00 2,687,000.00 2,542,000.00
      Goodwill 35,624,000.00 31,209,000.00 30,936,000.00 31,951,000.00 24,687,000.00
      Intangible Assets 6,684,000.00 6,003,000.00 5,902,000.00 6,121,000.00 5,917,000.00
      Long-Term Investments 278,000.00 219,000.00 188,000.00 259,000.00 319,000.00
      Non-Current Deferred Assets 3,655,000.00 3,841,000.00 3,942,000.00 4,142,000.00 4,210,000.00
      Other Non-Current Assets -17,509,000.00 -15,948,000.00 -17,091,000.00 -19,248,000.00 -13,592,000.00
Liabilities 17,392,000.00 15,606,000.00 -2,678,000.00 -1,016,000.00 124,000.00
   Current Liabilities 6,399,000.00 4,933,000.00 3,803,000.00 4,274,000.00 3,681,000.00
      Payables and Expenses 3,733,000.00 3,588,000.00 3,022,000.00 3,230,000.00 2,710,000.00
            Account Payables 960,000.00 942,000.00 862,000.00 794,000.00 513,000.00
            Current Accrued Liabilities 2,773,000.00 2,646,000.00 2,160,000.00 2,436,000.00 2,197,000.00
      Short-Term Debt 1,969,000.00 531,000.00 20,000.00 261,000.00 13,000.00
      Other Current Liabilities 697,000.00 814,000.00 761,000.00 783,000.00 958,000.00
   Non-Current Liabilities 10,993,000.00 10,673,000.00 -6,481,000.00 -5,290,000.00 -3,557,000.00
      Long-Term Debt 8,968,000.00 8,571,000.00 8,915,000.00 8,804,000.00 9,130,000.00
      Other Non-Current Liabilities 2,025,000.00 2,102,000.00 -15,396,000.00 -14,094,000.00 -12,687,000.00
Equity 22,003,000.00 19,530,000.00 35,147,000.00 33,245,000.00 30,653,000.00
   Shareholders Equity 44,048,000.00 38,861,000.00 0 0 0
      Capital Stock 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00
      Share Premium 21,056,000.00 20,647,000.00 20,289,000.00 19,986,000.00 19,732,000.00
      Retained Earnings 2,673,000.00 819,000.00 -750,000.00 -1,392,000.00 -2,378,000.00
      Treasury Shares 2,251,000.00 2,251,000.00 2,251,000.00 2,251,000.00 2,251,000.00
      Accumulated Other Comprehensive Income 275,000.00 49,000.00 269,000.00 335,000.00 372,000.00
   Minority Interest 233,000.00 248,000.00 0 0 0
Investments 555,000.00 413,000.00 407,000.00 412,000.00 918,000.00
Debt 10,937,000.00 9,102,000.00 8,935,000.00 9,065,000.00 9,143,000.00
Net Debt 10,523,000.00 8,237,000.00 8,005,000.00 7,130,000.00 6,995,000.00
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 16,747,000.00 14,240,000.00 12,682,000.00 11,888,000.00 9,913,000.00
Cost Of Revenue 5,257,000.00 4,344,000.00 3,955,000.00 3,711,000.00 3,465,000.00
Gross Profit 11,490,000.00 9,896,000.00 8,727,000.00 8,177,000.00 6,448,000.00
Operating Expenses 8,887,000.00 7,553,000.00 3,401,000.00 3,520,000.00 4,206,000.00
   Selling, General and Administrative Expenses 5,984,000.00 5,190,000.00 4,520,000.00 4,553,000.00 3,933,000.00
   Research and Development Expenses 1,615,000.00 1,414,000.00 1,323,000.00 1,204,000.00 1,143,000.00
   Other Operating Expenses 1,288,000.00 949,000.00 -2,442,000.00 -2,237,000.00 -870,000.00
Operating Income 2,603,000.00 2,343,000.00 5,326,000.00 4,657,000.00 2,242,000.00
Net Non-Operating Income -321,000.00 -358,000.00 -4,185,000.00 -3,581,000.00 -2,321,000.00
Interest Expense 305,000.00 265,000.00 470,000.00 341,000.00 361,000.00
EBT 2,282,000.00 1,985,000.00 1,141,000.00 1,076,000.00 -79,000.00
Income Tax 436,000.00 393,000.00 443,000.00 36,000.00 2,000.00
Net Income Including Non-Controlling Interests 1,861,000.00 1,571,000.00 698,000.00 1,041,000.00 -82,000.00
Net Income Non-Controlling Interests -8,000.00 -1,000.00 -56,000.00 -56,000.00 -33,000.00
Net Income 1,853,000.00 1,570,000.00 642,000.00 985,000.00 -115,000.00
EBIT 2,587,000.00 2,250,000.00 1,611,000.00 1,417,000.00 282,000.00
Deprecation and Amortization 1,269,000.00 1,196,000.00 1,136,000.00 1,093,000.00 1,123,000.00
EBITDA 3,856,000.00 3,446,000.00 2,747,000.00 2,510,000.00 1,405,000.00
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 1,471,500.00 1,453,000.00 1,430,500.00 1,422,300.00 1,416,700.00
Average Shares Outstanding Diluted 1,485,900.00 1,463,500.00 1,439,700.00 1,433,800.00 1,416,700.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 3,435,000.00 2,503,000.00 1,526,000.00 1,870,000.00 1,508,000.00
   Operating Net Income 1,846,000.00 1,592,000.00 698,000.00 1,041,000.00 -82,000.00
   Deprecation and Amortization 1,269,000.00 1,196,000.00 1,136,000.00 1,093,000.00 1,123,000.00
   Deferred Income Tax -90,000.00 73,000.00 -7,000.00 -142,000.00 -85,000.00
   Share Based Compensation 266,000.00 233,000.00 220,000.00 194,000.00 339,000.00
   Change in Working Capital 948,000.00 1,006,000.00 495,000.00 1,167,000.00 -98,000.00
   Other Operating Activities -804,000.00 -1,597,000.00 -1,016,000.00 -1,483,000.00 311,000.00
Investing Cash Flow -5,687,000.00 -2,574,000.00 -2,011,000.00 -1,597,000.00 -411,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 793,000.00 715,000.00 600,000.00 568,000.00 388,000.00
   Net Purchase/Sale of Investments Net -20,000.00 -30,000.00 -70,000.00 -82,000.00 59,000.00
   Net Purchase/Sale of Business 6,451,000.00 5,085,000.00 7,525,000.00 8,362,000.00 2,230,000.00
   Other Investing Activities -12,911,000.00 -8,344,000.00 -10,066,000.00 -10,445,000.00 -3,088,000.00
Financing Cash Flow 1,814,000.00 5,000.00 -548,000.00 -95,000.00 293,000.00
   Net Issuance/Repayment of Debt 2,885,000.00 -4,000.00 6,703,000.00 0 11,259,000.00
   Net Issuance/Repurchase of Equity 230,000.00 182,000.00 136,000.00 110,000.00 2,596,000.00
   Dividends Paid 0 28,000.00 55,000.00 55,000.00 28,000.00
   Other Financing Activities -1,301,000.00 -201,000.00 -7,442,000.00 -260,000.00 -13,590,000.00
Net Change in Cash -450,000.00 -70,000.00 -1,042,000.00 173,000.00 1,388,000.00
   Cash at Beginning of Period 1,056,000.00 1,125,000.00 2,168,000.00 1,995,000.00 607,000.00
   Cash at End of Period 606,000.00 1,055,000.00 1,126,000.00 2,168,000.00 1,995,000.00
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 42,707,000.00 41,559,000.00 40,140,000.00 39,395,000.00 38,078,000.00 37,108,000.00 36,669,000.00 35,136,000.00 34,043,000.00 33,601,000.00 32,892,000.00 32,469,000.00 31,947,000.00 32,189,000.00 32,337,000.00 32,229,000.00 31,877,000.00 31,168,000.00 30,900,000.00 30,777,000.00
   Current Assets 8,035,000.00 7,121,000.00 7,335,000.00 6,920,000.00 8,761,000.00 8,991,000.00 8,185,000.00 6,514,000.00 6,504,000.00 5,886,000.00 5,704,000.00 5,760,000.00 5,144,000.00 5,083,000.00 5,065,000.00 6,317,000.00 6,229,000.00 6,758,000.00 6,101,000.00 6,694,000.00
      Cash and Short-Term Investments 1,275,000.00 534,000.00 725,000.00 414,000.00 2,502,000.00 2,913,000.00 2,329,000.00 865,000.00 952,000.00 426,000.00 570,000.00 930,000.00 341,000.00 281,000.00 333,000.00 1,935,000.00 1,951,000.00 2,851,000.00 2,229,000.00 2,148,000.00
            Cash and Cash Equivalents 1,275,000.00 534,000.00 725,000.00 414,000.00 2,502,000.00 2,913,000.00 2,329,000.00 865,000.00 952,000.00 426,000.00 570,000.00 928,000.00 338,000.00 276,000.00 325,000.00 1,925,000.00 1,947,000.00 2,675,000.00 2,016,000.00 1,734,000.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 2,000.00 3,000.00 5,000.00 8,000.00 10,000.00 4,000.00 176,000.00 213,000.00 414,000.00
      Net Receivables 2,828,000.00 2,815,000.00 2,693,000.00 2,558,000.00 2,501,000.00 2,400,000.00 2,304,000.00 2,228,000.00 2,101,000.00 2,134,000.00 2,076,000.00 1,970,000.00 1,871,000.00 1,917,000.00 1,866,000.00 1,778,000.00 1,669,000.00 1,675,000.00 1,631,000.00 1,531,000.00
      Inventory 2,921,000.00 2,861,000.00 2,867,000.00 2,810,000.00 2,753,000.00 2,608,000.00 2,561,000.00 2,484,000.00 2,404,000.00 2,250,000.00 2,050,000.00 1,867,000.00 1,788,000.00 1,752,000.00 1,736,000.00 1,610,000.00 1,603,000.00 1,430,000.00 1,407,000.00 1,351,000.00
      Other Current Assets 1,011,000.00 911,000.00 1,050,000.00 1,138,000.00 1,005,000.00 1,070,000.00 991,000.00 937,000.00 1,047,000.00 1,076,000.00 1,008,000.00 993,000.00 1,144,000.00 1,133,000.00 1,130,000.00 994,000.00 1,006,000.00 802,000.00 834,000.00 1,664,000.00
   Non-Current Assets 34,672,000.00 34,438,000.00 32,805,000.00 32,475,000.00 29,317,000.00 28,117,000.00 28,484,000.00 28,622,000.00 27,539,000.00 27,715,000.00 27,188,000.00 26,709,000.00 26,803,000.00 27,106,000.00 27,272,000.00 25,912,000.00 25,648,000.00 24,410,000.00 24,799,000.00 24,083,000.00
      Property, Plant, Equipment Net 4,290,000.00 3,953,000.00 3,837,000.00 3,743,000.00 3,498,000.00 3,367,000.00 3,327,000.00 3,298,000.00 3,081,000.00 2,979,000.00 2,877,000.00 2,832,000.00 2,661,000.00 2,646,000.00 2,689,000.00 2,687,000.00 2,524,000.00 2,493,000.00 2,460,000.00 2,542,000.00
      Goodwill 36,836,000.00 36,452,000.00 34,886,000.00 35,624,000.00 30,781,000.00 29,510,000.00 29,059,000.00 31,209,000.00 28,921,000.00 29,020,000.00 27,862,000.00 30,936,000.00 30,379,000.00 27,681,000.00 27,812,000.00 31,951,000.00 27,429,000.00 22,675,000.00 22,660,000.00 24,687,000.00
      Intangible Assets 7,162,000.00 7,260,000.00 6,566,000.00 6,684,000.00 5,754,000.00 5,417,000.00 5,839,000.00 6,003,000.00 5,849,000.00 6,063,000.00 6,060,000.00 5,902,000.00 6,058,000.00 6,349,000.00 6,581,000.00 6,121,000.00 6,227,000.00 5,788,000.00 5,991,000.00 5,917,000.00
      Long-Term Investments 334,000.00 334,000.00 358,000.00 278,000.00 256,000.00 207,000.00 211,000.00 219,000.00 220,000.00 206,000.00 166,000.00 188,000.00 207,000.00 212,000.00 226,000.00 259,000.00 266,000.00 264,000.00 246,000.00 319,000.00
      Non-Current Deferred Assets 3,669,000.00 3,778,000.00 3,676,000.00 3,655,000.00 3,816,000.00 3,801,000.00 3,792,000.00 3,841,000.00 3,840,000.00 3,865,000.00 3,900,000.00 3,942,000.00 4,018,000.00 4,059,000.00 4,102,000.00 4,142,000.00 4,049,000.00 4,036,000.00 4,173,000.00 4,210,000.00
      Other Non-Current Assets -17,619,000.00 -17,339,000.00 -16,518,000.00 -17,509,000.00 -14,788,000.00 -14,185,000.00 -13,744,000.00 -15,948,000.00 -14,372,000.00 -14,418,000.00 -13,677,000.00 -17,091,000.00 -16,520,000.00 -13,841,000.00 -14,138,000.00 -19,248,000.00 -14,847,000.00 -10,846,000.00 -10,731,000.00 -13,592,000.00
Liabilities -27,948,000.00 -26,165,000.00 -26,963,000.00 17,392,000.00 17,122,000.00 -4,111,000.00 -3,666,000.00 15,606,000.00 -4,214,000.00 15,116,000.00 14,783,000.00 -2,678,000.00 -3,334,000.00 -2,314,000.00 15,602,000.00 -1,016,000.00 -1,046,000.00 15,226,000.00 -539,000.00 124,000.00
   Current Liabilities 5,328,000.00 5,190,000.00 5,058,000.00 6,399,000.00 5,910,000.00 5,576,000.00 4,916,000.00 4,933,000.00 4,579,000.00 4,562,000.00 4,083,000.00 3,803,000.00 3,549,000.00 3,883,000.00 4,275,000.00 4,274,000.00 4,022,000.00 4,073,000.00 3,393,000.00 3,681,000.00
      Payables and Expenses 3,983,000.00 3,759,000.00 3,358,000.00 3,733,000.00 3,367,000.00 3,226,000.00 3,004,000.00 3,588,000.00 3,184,000.00 3,063,000.00 2,786,000.00 3,022,000.00 2,777,000.00 2,929,000.00 3,002,000.00 3,230,000.00 3,092,000.00 3,131,000.00 2,675,000.00 2,710,000.00
            Account Payables 1,002,000.00 962,000.00 1,004,000.00 960,000.00 907,000.00 906,000.00 921,000.00 942,000.00 929,000.00 899,000.00 868,000.00 862,000.00 803,000.00 732,000.00 696,000.00 794,000.00 674,000.00 689,000.00 615,000.00 513,000.00
            Current Accrued Liabilities 2,981,000.00 2,797,000.00 2,354,000.00 2,773,000.00 2,460,000.00 2,320,000.00 2,083,000.00 2,646,000.00 2,255,000.00 2,164,000.00 1,918,000.00 2,160,000.00 1,974,000.00 2,197,000.00 2,306,000.00 2,436,000.00 2,418,000.00 2,442,000.00 2,060,000.00 2,197,000.00
      Short-Term Debt 483,000.00 480,000.00 777,000.00 1,969,000.00 1,652,000.00 1,580,000.00 1,085,000.00 531,000.00 513,000.00 559,000.00 510,000.00 20,000.00 20,000.00 170,000.00 238,000.00 261,000.00 261,000.00 262,000.00 13,000.00 13,000.00
      Other Current Liabilities 862,000.00 951,000.00 923,000.00 697,000.00 891,000.00 770,000.00 827,000.00 814,000.00 882,000.00 940,000.00 787,000.00 761,000.00 752,000.00 784,000.00 1,035,000.00 783,000.00 669,000.00 680,000.00 705,000.00 958,000.00
   Non-Current Liabilities -33,276,000.00 -31,355,000.00 -32,021,000.00 10,993,000.00 11,212,000.00 -9,687,000.00 -8,582,000.00 10,673,000.00 -8,793,000.00 10,554,000.00 10,700,000.00 -6,481,000.00 -6,883,000.00 -6,197,000.00 11,327,000.00 -5,290,000.00 -5,068,000.00 11,153,000.00 -3,932,000.00 -3,557,000.00
      Long-Term Debt 11,117,000.00 11,107,000.00 10,532,000.00 8,968,000.00 9,233,000.00 8,991,000.00 9,534,000.00 8,571,000.00 8,386,000.00 8,494,000.00 8,495,000.00 8,915,000.00 8,564,000.00 8,802,000.00 9,067,000.00 8,804,000.00 8,824,000.00 8,847,000.00 9,082,000.00 9,130,000.00
      Other Non-Current Liabilities -44,393,000.00 -42,462,000.00 -42,553,000.00 2,025,000.00 1,979,000.00 -18,678,000.00 -18,116,000.00 2,102,000.00 -17,179,000.00 2,060,000.00 2,205,000.00 -15,396,000.00 -15,447,000.00 -14,999,000.00 2,260,000.00 -14,094,000.00 -13,892,000.00 2,306,000.00 -13,014,000.00 -12,687,000.00
Equity 70,655,000.00 67,724,000.00 67,103,000.00 22,003,000.00 20,956,000.00 41,219,000.00 40,335,000.00 19,530,000.00 38,257,000.00 18,485,000.00 18,109,000.00 35,147,000.00 35,281,000.00 34,503,000.00 16,735,000.00 33,245,000.00 32,923,000.00 15,942,000.00 31,439,000.00 30,653,000.00
   Shareholders Equity 22,016,000.00 20,974,000.00 22,156,000.00 44,048,000.00 20,452,000.00 20,699,000.00 20,191,000.00 38,861,000.00 18,886,000.00 18,226,000.00 17,850,000.00 0 0 0 0 0 0 0 0 0
      Capital Stock 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00 17,000.00
      Share Premium 21,419,000.00 21,230,000.00 21,127,000.00 21,056,000.00 20,963,000.00 20,803,000.00 20,713,000.00 20,647,000.00 20,573,000.00 20,441,000.00 20,356,000.00 20,289,000.00 20,219,000.00 20,103,000.00 20,043,000.00 19,986,000.00 19,930,000.00 19,817,000.00 19,750,000.00 19,732,000.00
      Retained Earnings 4,899,000.00 4,144,000.00 3,347,000.00 2,673,000.00 2,107,000.00 1,639,000.00 1,314,000.00 819,000.00 315,000.00 -189,000.00 -450,000.00 -750,000.00 -876,000.00 -1,050,000.00 -1,296,000.00 -1,392,000.00 -1,473,000.00 -1,878,000.00 -2,050,000.00 -2,378,000.00
      Treasury Shares 2,251,000.00 2,251,000.00 2,251,000.00 2,251,000.00 2,251,000.00 2,251,000.00 2,251,000.00 2,251,000.00 2,251,000.00 2,251,000.00 2,251,000.00 2,251,000.00 2,251,000.00 2,251,000.00 2,251,000.00 2,251,000.00 2,251,000.00 2,251,000.00 2,251,000.00 2,251,000.00
      Accumulated Other Comprehensive Income -689,000.00 -722,000.00 -28,000.00 275,000.00 -128,000.00 164,000.00 132,000.00 49,000.00 231,000.00 208,000.00 178,000.00 269,000.00 532,000.00 433,000.00 222,000.00 335,000.00 238,000.00 237,000.00 254,000.00 372,000.00
   Minority Interest 236,000.00 235,000.00 233,000.00 233,000.00 248,000.00 238,000.00 242,000.00 248,000.00 243,000.00 259,000.00 259,000.00 0 0 0 0 0 0 0 0 0
Investments 643,000.00 626,000.00 655,000.00 555,000.00 532,000.00 450,000.00 429,000.00 413,000.00 427,000.00 422,000.00 385,000.00 407,000.00 389,000.00 384,000.00 406,000.00 412,000.00 434,000.00 616,000.00 643,000.00 918,000.00
Debt 11,600,000.00 11,587,000.00 11,309,000.00 10,937,000.00 10,885,000.00 10,571,000.00 10,619,000.00 9,102,000.00 8,899,000.00 9,053,000.00 9,005,000.00 8,935,000.00 8,584,000.00 8,972,000.00 9,305,000.00 9,065,000.00 9,085,000.00 9,109,000.00 9,095,000.00 9,143,000.00
Net Debt 10,325,000.00 11,053,000.00 10,584,000.00 10,523,000.00 8,383,000.00 7,658,000.00 8,290,000.00 8,237,000.00 7,947,000.00 8,627,000.00 8,435,000.00 8,005,000.00 8,243,000.00 8,691,000.00 8,972,000.00 7,130,000.00 7,134,000.00 6,258,000.00 6,866,000.00 6,995,000.00
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 14,788,000.00 9,724,000.00 4,663,000.00 -7,272,000.00 12,186,000.00 7,977,000.00 3,856,000.00 -6,652,000.00 10,515,000.00 6,988,000.00 3,389,000.00 -6,054,000.00 9,440,000.00 6,270,000.00 3,026,000.00 -5,454,000.00 8,761,000.00 5,829,000.00 2,752,000.00
Cost Of Revenue 4,613,000.00 3,091,000.00 1,453,000.00 -2,221,000.00 3,791,000.00 2,479,000.00 1,208,000.00 -1,991,000.00 3,198,000.00 2,097,000.00 1,040,000.00 -1,911,000.00 2,945,000.00 1,966,000.00 955,000.00 -1,761,000.00 2,739,000.00 1,839,000.00 894,000.00
Gross Profit 10,175,000.00 6,633,000.00 3,210,000.00 -5,051,000.00 8,395,000.00 5,498,000.00 2,648,000.00 -4,661,000.00 7,317,000.00 4,891,000.00 2,349,000.00 -4,143,000.00 6,495,000.00 4,304,000.00 2,071,000.00 -3,693,000.00 6,022,000.00 3,990,000.00 1,858,000.00
Operating Expenses 7,387,000.00 4,893,000.00 2,289,000.00 3,422,000.00 2,717,000.00 1,903,000.00 845,000.00 2,237,000.00 2,588,000.00 1,871,000.00 857,000.00 -1,501,000.00 2,518,000.00 1,626,000.00 758,000.00 -1,105,000.00 2,373,000.00 1,587,000.00 665,000.00
   Selling, General and Administrative Expenses 5,053,000.00 3,312,000.00 1,597,000.00 -2,562,000.00 4,372,000.00 2,810,000.00 1,364,000.00 -2,406,000.00 3,811,000.00 2,570,000.00 1,215,000.00 -2,122,000.00 3,357,000.00 2,225,000.00 1,060,000.00 -1,811,000.00 3,206,000.00 2,139,000.00 1,019,000.00
   Research and Development Expenses 1,483,000.00 969,000.00 443,000.00 -656,000.00 1,156,000.00 749,000.00 366,000.00 -669,000.00 1,051,000.00 695,000.00 337,000.00 -643,000.00 993,000.00 654,000.00 319,000.00 -530,000.00 884,000.00 574,000.00 276,000.00
   Other Operating Expenses 851,000.00 612,000.00 249,000.00 6,640,000.00 -2,811,000.00 -1,656,000.00 -885,000.00 5,312,000.00 -2,274,000.00 -1,394,000.00 -695,000.00 1,264,000.00 -1,832,000.00 -1,253,000.00 -621,000.00 1,236,000.00 -1,717,000.00 -1,126,000.00 -630,000.00
Operating Income 2,788,000.00 1,740,000.00 921,000.00 -8,473,000.00 5,678,000.00 3,595,000.00 1,803,000.00 -6,898,000.00 4,729,000.00 3,020,000.00 1,492,000.00 -2,642,000.00 3,977,000.00 2,678,000.00 1,313,000.00 -2,588,000.00 3,649,000.00 2,403,000.00 1,193,000.00
Net Non-Operating Income -103,000.00 6,000.00 -116,000.00 7,422,000.00 -3,981,000.00 -2,567,000.00 -1,195,000.00 6,089,000.00 -3,249,000.00 -2,150,000.00 -1,048,000.00 2,381,000.00 -3,232,000.00 -2,177,000.00 -1,157,000.00 1,908,000.00 -2,692,000.00 -1,929,000.00 -868,000.00
Interest Expense 259,000.00 172,000.00 82,000.00 -135,000.00 225,000.00 146,000.00 69,000.00 -135,000.00 200,000.00 135,000.00 65,000.00 -558,000.00 406,000.00 343,000.00 279,000.00 -163,000.00 254,000.00 168,000.00 82,000.00
EBT 2,685,000.00 1,746,000.00 805,000.00 -1,051,000.00 1,697,000.00 1,028,000.00 608,000.00 -809,000.00 1,480,000.00 870,000.00 444,000.00 -261,000.00 745,000.00 501,000.00 156,000.00 -680,000.00 957,000.00 474,000.00 325,000.00
Income Tax 463,000.00 279,000.00 133,000.00 -305,000.00 413,000.00 213,000.00 115,000.00 -417,000.00 392,000.00 287,000.00 131,000.00 79,000.00 188,000.00 131,000.00 45,000.00 -43,000.00 10,000.00 53,000.00 16,000.00
Net Income Including Non-Controlling Interests 2,230,000.00 1,475,000.00 676,000.00 -740,000.00 1,284,000.00 823,000.00 494,000.00 -415,000.00 1,088,000.00 584,000.00 314,000.00 -340,000.00 558,000.00 370,000.00 110,000.00 -773,000.00 946,000.00 527,000.00 341,000.00
Net Income Non-Controlling Interests -4,000.00 -4,000.00 -2,000.00 -9,000.00 4,000.00 -4,000.00 1,000.00 22,000.00 -23,000.00 0 0 27,000.00 -42,000.00 -28,000.00 -13,000.00 26,000.00 -41,000.00 -27,000.00 -14,000.00
Net Income 2,226,000.00 1,471,000.00 674,000.00 -749,000.00 1,288,000.00 819,000.00 495,000.00 505,000.00 1,065,000.00 0 0 -313,000.00 516,000.00 342,000.00 97,000.00 -747,000.00 905,000.00 500,000.00 327,000.00
EBIT 2,944,000.00 1,918,000.00 887,000.00 -1,186,000.00 1,922,000.00 1,174,000.00 677,000.00 -944,000.00 1,680,000.00 1,005,000.00 509,000.00 -819,000.00 1,151,000.00 844,000.00 435,000.00 -843,000.00 1,211,000.00 642,000.00 407,000.00
Deprecation and Amortization 1,003,000.00 661,000.00 325,000.00 -571,000.00 921,000.00 615,000.00 304,000.00 -555,000.00 883,000.00 583,000.00 285,000.00 -538,000.00 842,000.00 558,000.00 274,000.00 -509,000.00 803,000.00 531,000.00 268,000.00
EBITDA 3,947,000.00 2,579,000.00 1,212,000.00 -1,757,000.00 2,843,000.00 1,789,000.00 981,000.00 -1,499,000.00 2,563,000.00 1,588,000.00 794,000.00 -1,357,000.00 1,993,000.00 1,402,000.00 709,000.00 -1,352,000.00 2,014,000.00 1,173,000.00 675,000.00
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 1,479,600.00 1,478,500.00 1,477,200.00 1,477,500.00 1,470,600.00 1,469,500.00 1,468,400.00 1,486,400.00 1,448,800.00 1,441,000.00 1,435,800.00 1,435,700.00 1,429,700.00 1,428,800.00 1,427,800.00 1,429,200.00 1,421,300.00 1,420,000.00 1,418,700.00
Average Shares Outstanding Diluted 1,494,000.00 1,493,300.00 1,493,100.00 1,494,400.00 1,484,500.00 1,483,000.00 1,481,700.00 1,497,800.00 1,459,100.00 1,451,100.00 1,446,000.00 1,443,600.00 1,438,700.00 1,438,100.00 1,438,400.00 1,439,700.00 1,433,000.00 1,431,700.00 1,430,800.00
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 3,170,000.00 1,827,000.00 541,000.00 315,000.00 1,979,000.00 977,000.00 164,000.00 -81,000.00 1,546,000.00 848,000.00 190,000.00 616,000.00 719,000.00 249,000.00 -58,000.00 -733,000.00 1,392,000.00 927,000.00 284,000.00
   Operating Net Income 2,222,000.00 1,467,000.00 672,000.00 -746,000.00 1,284,000.00 815,000.00 493,000.00 -394,000.00 1,088,000.00 584,000.00 314,000.00 -340,000.00 558,000.00 370,000.00 110,000.00 -773,000.00 946,000.00 527,000.00 341,000.00
   Deprecation and Amortization 1,003,000.00 661,000.00 325,000.00 -571,000.00 921,000.00 615,000.00 304,000.00 -555,000.00 883,000.00 583,000.00 285,000.00 -538,000.00 842,000.00 558,000.00 274,000.00 -509,000.00 803,000.00 531,000.00 268,000.00
   Deferred Income Tax 0 0 0 -90,000.00 0 0 0 73,000.00 0 0 0 -7,000.00 0 0 0 -142,000.00 0 0 0
   Share Based Compensation 228,000.00 149,000.00 74,000.00 -123,000.00 197,000.00 129,000.00 63,000.00 -111,000.00 174,000.00 115,000.00 55,000.00 -104,000.00 165,000.00 107,000.00 52,000.00 -92,000.00 145,000.00 94,000.00 47,000.00
   Change in Working Capital 423,000.00 137,000.00 -92,000.00 409,000.00 502,000.00 194,000.00 -157,000.00 -691,000.00 903,000.00 693,000.00 101,000.00 253,000.00 159,000.00 137,000.00 -54,000.00 -850,000.00 866,000.00 785,000.00 366,000.00
   Other Operating Activities -706,000.00 -587,000.00 -438,000.00 1,436,000.00 -925,000.00 -776,000.00 -539,000.00 1,597,000.00 -1,502,000.00 -1,127,000.00 -565,000.00 1,352,000.00 -1,005,000.00 -923,000.00 -440,000.00 1,633,000.00 -1,368,000.00 -1,010,000.00 -738,000.00
Investing Cash Flow -2,128,000.00 -1,626,000.00 -500,000.00 -2,863,000.00 -1,983,000.00 -556,000.00 -285,000.00 755,000.00 -1,521,000.00 -1,324,000.00 -484,000.00 2,994,000.00 -1,828,000.00 -1,603,000.00 -1,574,000.00 -603,000.00 -1,136,000.00 71,000.00 71,000.00
   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 525,000.00 344,000.00 187,000.00 -236,000.00 514,000.00 335,000.00 180,000.00 -104,000.00 448,000.00 257,000.00 114,000.00 -150,000.00 386,000.00 235,000.00 129,000.00 3,000.00 298,000.00 188,000.00 79,000.00
   Net Purchase/Sale of Investments Net -11,000.00 -7,000.00 -3,000.00 14,000.00 -16,000.00 -11,000.00 -7,000.00 18,000.00 -23,000.00 -16,000.00 -9,000.00 39,000.00 -54,000.00 -36,000.00 -19,000.00 -538,000.00 318,000.00 109,000.00 29,000.00
   Net Purchase/Sale of Business 2,097,000.00 1,659,000.00 239,000.00 2,672,000.00 2,239,000.00 1,112,000.00 428,000.00 -1,198,000.00 2,035,000.00 2,035,000.00 2,213,000.00 -6,804,000.00 7,023,000.00 3,653,000.00 3,653,000.00 -2,906,000.00 6,842,000.00 2,213,000.00 2,213,000.00
   Other Investing Activities -4,739,000.00 -3,622,000.00 -923,000.00 -5,313,000.00 -4,720,000.00 -1,992,000.00 -886,000.00 2,039,000.00 -3,981,000.00 -3,600,000.00 -2,802,000.00 9,909,000.00 -9,183,000.00 -5,455,000.00 -5,337,000.00 2,838,000.00 -8,594,000.00 -2,439,000.00 -2,250,000.00
Financing Cash Flow -211,000.00 -107,000.00 233,000.00 -2,948,000.00 1,600,000.00 1,593,000.00 1,569,000.00 110,000.00 -10,000.00 -26,000.00 -69,000.00 357,000.00 -549,000.00 -350,000.00 -6,000.00 180,000.00 -87,000.00 -93,000.00 -95,000.00
   Net Issuance/Repayment of Debt 4,564,000.00 4,741,000.00 4,043,000.00 -5,159,000.00 2,696,000.00 2,674,000.00 2,674,000.00 -37,000.00 -4,000.00 37,000.00 0 -13,786,000.00 6,703,000.00 6,858,000.00 6,928,000.00 0 0 0 0
   Net Issuance/Repurchase of Equity 262,000.00 147,000.00 115,000.00 -158,000.00 202,000.00 106,000.00 80,000.00 -136,000.00 165,000.00 90,000.00 63,000.00 -91,000.00 117,000.00 58,000.00 52,000.00 -48,000.00 102,000.00 38,000.00 18,000.00
   Dividends Paid 0 0 0 0 0 0 0 -42,000.00 28,000.00 28,000.00 14,000.00 -29,000.00 42,000.00 28,000.00 14,000.00 -29,000.00 42,000.00 28,000.00 14,000.00
   Other Financing Activities -5,037,000.00 -4,995,000.00 -3,925,000.00 2,369,000.00 -1,298,000.00 -1,187,000.00 -1,185,000.00 325,000.00 -199,000.00 -181,000.00 -146,000.00 14,263,000.00 -7,411,000.00 -7,294,000.00 -7,000,000.00 257,000.00 -231,000.00 -159,000.00 -127,000.00
Net Change in Cash 870,000.00 135,000.00 314,000.00 -5,491,000.00 1,594,000.00 2,006,000.00 1,441,000.00 792,000.00 7,000.00 -506,000.00 -363,000.00 3,978,000.00 -1,671,000.00 -1,710,000.00 -1,639,000.00 -1,152,000.00 164,000.00 903,000.00 258,000.00
   Cash at Beginning of Period 606,000.00 606,000.00 605,000.00 6,097,000.00 1,055,000.00 1,056,000.00 1,055,000.00 263,000.00 1,125,000.00 1,126,000.00 1,126,000.00 -2,852,000.00 2,168,000.00 2,168,000.00 2,168,000.00 3,320,000.00 1,995,000.00 1,995,000.00 1,995,000.00
   Cash at End of Period 1,476,000.00 741,000.00 919,000.00 606,000.00 2,649,000.00 3,062,000.00 2,496,000.00 1,055,000.00 1,132,000.00 620,000.00 763,000.00 1,126,000.00 497,000.00 458,000.00 529,000.00 2,168,000.00 2,159,000.00 2,898,000.00 2,253,000.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0