BX
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Price to Earnings | 47.63 | 71.15 | 31.44 | 15.90 | 43.21 |
| Price to Sales | 9.99 | 12.32 | 6.45 | 4.12 | 7.40 |
| Book Value Per Common Share | 11.22 | 9.48 | 10.78 | 13.38 | 9.54 |
| Price to Book | 15.37 | 13.82 | 6.88 | 9.67 | 6.79 |
| Price to Operating Cash Flow | 37.96 | 24.37 | 8.67 | 23.36 | 23.33 |
| Price to Free Cash Flow | |||||
| Enterprise Value to EBITDA | 181866.70 | 274603.07 | 137012.05 | 65884.65 | 158223.76 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price to Earnings | 66.48 | 84.51 | 174.73 | 56.51 | 73.25 | 117.29 | 65.33 | 102.16 | 732.00 | 51.99 | 56.66 | 76.47 | 18.73 | 22.75 | 30.17 | ||||
| Price to Sales | 13.19 | 16.60 | 32.80 | 11.56 | 14.60 | 27.07 | 11.99 | 16.67 | 39.52 | 9.09 | 11.71 | 18.18 | 4.96 | 6.56 | 9.97 | ||||
| Book Value Per Common Share | 11.22 | 11.30 | 10.81 | 11.22 | 9.59 | 9.46 | 9.63 | 9.48 | 9.93 | 10.12 | 9.95 | 10.78 | 10.70 | 12.22 | 13.66 | 13.38 | 13.05 | 12.16 | 11.36 |
| Price to Book | 15.22 | 13.24 | 12.93 | 15.37 | 15.97 | 13.09 | 13.64 | 13.82 | 10.79 | 9.19 | 8.83 | 6.88 | 7.82 | 7.47 | 9.29 | 9.67 | 8.91 | 7.99 | 6.56 |
| Price to Operating Cash Flow | 37.02 | 58.19 | 97.26 | 35.32 | 45.10 | 106.20 | 25.56 | 33.65 | 185.79 | 11.02 | 14.53 | 33.91 | 17.39 | 21.73 | 23.01 | ||||
| Price to Free Cash Flow | |||||||||||||||||||
| Enterprise Value to EBITDA | 244668.43 | 303696.69 | 652968.70 | 212995.63 | 269185.37 | 475174.75 | 243835.46 | 345533.11 | 1666157.12 | 189682.28 | 219566.16 | 292759.90 | 77746.88 | 101055.28 | 149859.57 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Earning YoY | 96.74 | -22.03 | -71.01 | 442.67 | |
| Revenue YoY | 64.90 | -5.81 | -62.27 | 270.00 | |
| EBITDA YoY | 102.33 | -10.83 | -72.20 | 384.55 | |
| Net Profit YoY | 99.62 | -20.41 | -70.16 | 460.32 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earning YoY | 45.20 | 121.25 | 60.36 | 50.89 | 80.22 | 658.33 | 0.00 | -3.01 | 45.43 | 72.87 | |||||||||
| Revenue YoY | 44.11 | 112.84 | 56.49 | 75.83 | 60.56 | 153.06 | 18.38 | 12.27 | 58.77 | 99.86 | |||||||||
| EBITDA YoY | 43.46 | 130.43 | 58.09 | 66.42 | 64.42 | 410.90 | 6.59 | -4.27 | 56.24 | 93.43 | |||||||||
| Net Profit YoY | 45.31 | 124.30 | 60.45 | 52.45 | 80.34 | 700.69 | 0.19 | -2.42 | 45.86 | 74.90 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Cash Per Common Share | 2.57 | 3.91 | 5.74 | 2.95 | 2.87 |
| Quick Ratio | |||||
| Current Ratio | |||||
| Debt to Equity | 0.44 | 0.45 | 0.47 | 0.37 | 0.28 |
| Long-Term Debt to Equity |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash Per Common Share | 3.12 | 2.88 | 3.09 | 2.69 | 3.07 | 3.12 | 3.30 | 4.11 | 3.94 | 4.36 | 3.79 | 5.99 | 4.70 | 5.66 | 5.27 | 3.01 | 6.98 | 3.45 | 4.04 |
| Quick Ratio | |||||||||||||||||||
| Current Ratio | |||||||||||||||||||
| Debt to Equity | 0.69 | 0.66 | 0.80 | 0.44 | 0.75 | 0.75 | 0.75 | 0.45 | 0.91 | 0.89 | 0.90 | 0.47 | 0.67 | 0.63 | 0.70 | 0.37 | 0.67 | 0.62 | 0.62 |
| Long-Term Debt to Equity |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| ROA | 0.20 | 0.11 | 0.13 | 0.51 | 0.15 |
| ROE | 0.28 | 0.15 | 0.19 | 0.69 | 0.20 |
| Gross Margin | |||||
| Operating Margin | 52.18 | 42.25 | 44.37 | 60.94 | 45.62 |
| EBITDA Margin | 52.45 | 42.75 | 45.15 | 61.27 | 46.78 |
| Net Profit Margin | 20.99 | 17.34 | 20.52 | 25.94 | 17.13 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROA | 3.11 | 2.20 | 0.99 | 3.72 | 2.44 | 1.66 | 2.22 | 1.22 | 0.15 | 2.29 | 2.23 | 2.34 | 9.60 | 7.67 | 4.98 | ||||
| ROE | 5.26 | 3.66 | 1.77 | 6.51 | 4.28 | 2.91 | 4.24 | 2.30 | 0.29 | 3.83 | 3.64 | 3.99 | 16.00 | 12.42 | 8.06 | ||||
| Gross Margin | |||||||||||||||||||
| Operating Margin | 51.49 | 51.74 | 47.75 | 51.50 | 50.97 | 53.90 | 46.39 | 45.22 | 21.88 | 45.15 | 50.35 | 59.45 | 61.39 | 62.38 | 64.46 | ||||
| EBITDA Margin | 51.75 | 51.99 | 48.02 | 51.77 | 51.25 | 54.15 | 46.85 | 45.75 | 22.66 | 45.92 | 51.00 | 59.82 | 61.73 | 62.73 | 64.81 | ||||
| Net Profit Margin | 19.86 | 19.70 | 18.69 | 20.43 | 19.92 | 22.98 | 18.39 | 16.37 | 5.17 | 17.46 | 20.63 | 23.74 | 26.52 | 28.87 | 32.99 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | |||||||||||||||||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Assets | 1,422,336,547.00 | 1,314,196,412.00 | 1,319,944,728.00 | 1,155,719,382.00 | 686,730,529.00 |
| Cash and Short-Term Investments | 1,972,140.00 | 2,955,866.00 | 4,252,003.00 | 2,119,738.00 | 1,999,484.00 |
| Cash and Cash Equivalents | 1,972,140.00 | 2,955,866.00 | 4,252,003.00 | 2,119,738.00 | 1,999,484.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 237,930.00 | 193,365.00 | 462,904.00 | 636,616.00 | 866,158.00 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 |
| Property, Plant, Equipment Net | 1,828,138.00 | 1,778,662.00 | 1,645,315.00 | 1,312,443.00 | 1,053,018.00 |
| Goodwill | 3,780,402.00 | 3,780,402.00 | 3,780,402.00 | 3,780,402.00 | 3,802,985.00 |
| Intangible Assets | 165,243.00 | 201,208.00 | 217,287.00 | 284,384.00 | 347,955.00 |
| Long-Term Investments | 356,300.00 | 333,300.00 | 375,500.00 | 2,500,000.00 | 85,000.00 |
| Non-Current Deferred Assets | 2,003,948.00 | 2,331,394.00 | 2,062,722.00 | 1,581,637.00 | 1,242,576.00 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 |
| Liabilities | 435,168,887.00 | 405,658,772.00 | 421,047,786.00 | 309,081,182.00 | 151,464,119.00 |
| 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 | 987,167,660.00 | 908,537,640.00 | 898,896,942.00 | 846,638,200.00 | 535,266,410.00 |
| Shareholders Equity | 8,212,321.00 | 6,816,798.00 | 7,655,911.00 | 9,422,893.00 | 6,652,043.00 |
| Capital Stock | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 |
| Share Premium | 7,444,561.00 | 6,175,190.00 | 5,935,273.00 | 5,794,727.00 | 6,332,105.00 |
| Retained Earnings | 808,079.00 | 660,734.00 | 1,748,106.00 | 3,647,785.00 | 335,762.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | -40,326.00 | -19,133.00 | -27,475.00 | -19,626.00 | -15,831.00 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Investments | 87,073,494.00 | 76,737,319.00 | 82,284,674.00 | 94,136,248.00 | 46,082,366.00 |
| Debt | 12,461,674.00 | 13,668,126.00 | 13,371,038.00 | 8,656,196.00 | 6,265,497.00 |
| Net Debt | 10,489,534.00 | 10,712,260.00 | 9,119,035.00 | 6,536,458.00 | 4,266,013.00 |
| Common Shares Outstanding | 731,925.96 | 719,358.11 | 710,276.92 | 704,339.77 | 0 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Revenues | 13,229,968.00 | 8,022,841.00 | 8,517,673.00 | 22,577,148.00 | 6,101,927.00 |
| Selling, General and Administrative Expenses | 4,410,138.00 | 3,902,752.00 | 3,662,451.00 | 3,079,820.00 | 2,567,401.00 |
| Interest Expense | 443,688.00 | 431,868.00 | 317,225.00 | 198,268.00 | 166,162.00 |
| EBT | 6,459,480.00 | 2,957,714.00 | 3,461,789.00 | 13,559,396.00 | 2,617,520.00 |
| Income Tax | 1,021,671.00 | 513,461.00 | 472,880.00 | 1,184,401.00 | 356,014.00 |
| Equity Method Investments Income | 605,400.00 | 245,800.00 | 292,100.00 | 1,900,000.00 | 320,200.00 |
| Net Income Including Non-Controlling Interests | 55,933,615.00 | 23,389,739.00 | 23,810,793.00 | 180,295,465.00 | 26,904,498.00 |
| Net Income Non-Controlling Interests | -53,157,107.00 | -21,998,859.00 | -22,063,162.00 | -174,438,068.00 | -25,859,135.00 |
| Net Income | 2,776,508.00 | 1,390,880.00 | 1,747,631.00 | 5,857,397.00 | 1,045,363.00 |
| EBIT | 6,903,168.00 | 3,389,582.00 | 3,779,014.00 | 13,757,664.00 | 2,783,682.00 |
| Deprecation and Amortization | 35,965.00 | 40,075.00 | 67,097.00 | 74,871.00 | 71,053.00 |
| EBITDA | 6,939,133.00 | 3,429,657.00 | 3,846,111.00 | 13,832,535.00 | 2,854,735.00 |
| EPS | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Average Shares Outstanding Basic | 766,487.45 | 755,204.56 | 740,664.04 | 719,766.88 | 696,933.55 |
| Average Shares Outstanding Diluted | 766,646.51 | 755,419.94 | 740,942.40 | 720,125.04 | 697,258.30 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Operating Cash Flow | 3,481,662.00 | 4,056,906.00 | 6,336,253.00 | 3,985,988.00 | 1,935,945.00 |
| Operating Net Income | 55,933,615.00 | 23,389,739.00 | 23,810,793.00 | 180,295,465.00 | 26,904,498.00 |
| Deprecation and Amortization | 35,965.00 | 40,075.00 | 67,097.00 | 74,871.00 | 71,053.00 |
| Deferred Income Tax | 347,801.00 | -148,395.00 | -361,475.00 | 464,642.00 | 87,518.00 |
| Share Based Compensation | 1,168,435.00 | 987,549.00 | 846,349.00 | 637,441.00 | 438,341.00 |
| Change in Working Capital | -938,120.00 | -1,302,166.00 | -2,199,406.00 | -1,823,867.00 | -1,004,638.00 |
| Other Operating Activities | -53,066,034.00 | -18,909,896.00 | -15,827,105.00 | -175,662,564.00 | -24,560,827.00 |
| Investing Cash Flow | -61,409.00 | -229,651.00 | -235,497.00 | -64,316.00 | -166,820.00 |
| Capital Expenditure | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Purchase/Sale of PPE | 61,409.00 | 224,231.00 | 235,497.00 | 64,316.00 | 111,650.00 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | 5,420.00 | 0 | 0 | 55,170.00 |
| Net Loan & Lease Activity | 129,451.00 | 117,155.00 | 278,010.00 | 352,298.00 | 153,433.00 |
| Other Investing Activities | -252,269.00 | -576,457.00 | -749,004.00 | -480,930.00 | -487,073.00 |
| Financing Cash Flow | -4,501,561.00 | -5,053,895.00 | -3,794,455.00 | -3,776,590.00 | -2,244,036.00 |
| Net Issuance/Repayment of Debt | 844,394.00 | 997,435.00 | 3,802,312.00 | 2,222,544.00 | 890,525.00 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 5,298,207.00 | 5,272,162.00 | 7,790,692.00 | 5,950,205.00 | 3,133,067.00 |
| Other Financing Activities | -10,644,162.00 | -11,323,492.00 | -15,387,459.00 | -11,949,339.00 | -6,267,628.00 |
| Net Change in Cash | -1,095,871.00 | -1,221,652.00 | 2,293,983.00 | 135,276.00 | -459,195.00 |
| Cash at Beginning of Period | 3,272,063.00 | 4,493,715.00 | 2,199,732.00 | 2,064,456.00 | 2,523,651.00 |
| Cash at End of Period | 2,176,192.00 | 3,272,063.00 | 4,493,715.00 | 2,199,732.00 | 2,064,456.00 |
| 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 | 64,492,290.00 | 62,781,104.00 | 62,263,049.00 | 1,422,336,547.00 | 55,714,523.00 | 52,849,654.00 | 51,170,137.00 | 1,314,196,412.00 | 55,890,107.00 | 56,337,530.00 | 55,777,496.00 | 1,319,944,728.00 | 51,978,378.00 | 53,269,852.00 | 51,943,714.00 | 1,155,719,382.00 | 46,458,599.00 | 39,848,092.00 | 35,063,703.00 | 686,730,529.00 |
| Cash and Short-Term Investments | 2,430,690.00 | 2,235,499.00 | 2,386,979.00 | 1,972,140.00 | 2,353,332.00 | 2,381,436.00 | 2,504,471.00 | 2,955,866.00 | 2,971,614.00 | 3,280,204.00 | 2,830,971.00 | 4,252,003.00 | 3,480,003.00 | 4,183,380.00 | 3,868,567.00 | 2,119,738.00 | 5,011,433.00 | 2,467,444.00 | 2,862,422.00 | 1,999,484.00 |
| Cash and Cash Equivalents | 2,430,690.00 | 2,235,499.00 | 2,386,979.00 | 1,972,140.00 | 2,353,332.00 | 2,381,436.00 | 2,504,471.00 | 2,955,866.00 | 2,971,614.00 | 3,280,204.00 | 2,830,971.00 | 4,252,003.00 | 3,480,003.00 | 4,183,380.00 | 3,868,567.00 | 2,119,738.00 | 5,011,433.00 | 2,467,444.00 | 2,862,422.00 | 1,999,484.00 |
| 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 | 543,209.00 | 357,858.00 | 221,200.00 | 237,930.00 | 300,004.00 | 247,538.00 | 199,302.00 | 193,365.00 | 693,786.00 | 664,028.00 | 924,934.00 | 462,904.00 | 835,529.00 | 774,137.00 | 517,465.00 | 636,616.00 | 496,265.00 | 582,542.00 | 975,610.00 | 866,158.00 |
| 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 | 1,723,257.00 | 1,725,142.00 | 1,824,357.00 | 1,828,138.00 | 1,956,772.00 | 1,960,110.00 | 1,758,031.00 | 1,778,662.00 | 1,773,367.00 | 1,739,004.00 | 1,691,173.00 | 1,645,315.00 | 1,274,898.00 | 1,203,300.00 | 1,155,052.00 | 1,312,443.00 | 985,003.00 | 965,611.00 | 977,059.00 | 1,053,018.00 |
| Goodwill | 1,890,202.00 | 1,890,202.00 | 1,890,202.00 | 3,780,402.00 | 1,890,202.00 | 1,890,202.00 | 1,890,202.00 | 3,780,402.00 | 1,890,202.00 | 1,890,202.00 | 1,890,202.00 | 3,780,402.00 | 1,890,202.00 | 1,890,202.00 | 1,890,202.00 | 3,780,402.00 | 1,890,202.00 | 1,890,202.00 | 1,890,185.00 | 3,802,985.00 |
| Intangible Assets | 140,458.00 | 147,294.00 | 156,269.00 | 165,243.00 | 174,265.00 | 183,246.00 | 192,227.00 | 201,208.00 | 210,210.00 | 219,221.00 | 230,295.00 | 217,287.00 | 232,096.00 | 246,988.00 | 265,686.00 | 284,384.00 | 303,082.00 | 321,780.00 | 340,478.00 | 347,955.00 |
| Long-Term Investments | 415,800.00 | 413,200.00 | 420,100.00 | 356,300.00 | 357,900.00 | 348,700.00 | 333,900.00 | 333,300.00 | 380,200.00 | 378,500.00 | 371,500.00 | 375,500.00 | 362,700.00 | 2,500,000.00 | 2,500,000.00 | 2,500,000.00 | 211,400.00 | 113,100.00 | 107,100.00 | 85,000.00 |
| Non-Current Deferred Assets | 2,100,275.00 | 2,105,277.00 | 2,157,920.00 | 2,003,948.00 | 2,277,807.00 | 2,289,932.00 | 2,256,794.00 | 2,331,394.00 | 2,184,880.00 | 2,176,983.00 | 2,206,700.00 | 2,062,722.00 | 1,767,869.00 | 1,646,400.00 | 1,327,454.00 | 1,581,637.00 | 1,116,612.00 | 1,322,144.00 | 1,402,271.00 | 1,242,576.00 |
| 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 | 26,417,771.00 | 25,056,728.00 | 27,575,592.00 | 435,168,887.00 | 23,888,599.00 | 22,670,509.00 | 22,009,770.00 | 405,658,772.00 | 26,637,870.00 | 26,473,250.00 | 26,349,566.00 | 421,047,786.00 | 20,873,575.00 | 20,608,263.00 | 21,421,916.00 | 309,081,182.00 | 18,585,071.00 | 15,227,254.00 | 13,377,243.00 | 151,464,119.00 |
| Payables and Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Account Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 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 | 38,074,519.00 | 37,724,376.00 | 34,687,457.00 | 987,167,660.00 | 31,825,924.00 | 30,179,145.00 | 29,160,367.00 | 908,537,640.00 | 29,252,237.00 | 29,864,280.00 | 29,427,930.00 | 898,896,942.00 | 31,104,803.00 | 32,661,589.00 | 30,521,798.00 | 846,638,200.00 | 27,873,528.00 | 24,620,838.00 | 21,686,460.00 | 535,266,410.00 |
| Shareholders Equity | 8,392,523.00 | 8,352,339.00 | 7,978,120.00 | 8,212,321.00 | 7,007,657.00 | 6,833,573.00 | 6,955,068.00 | 6,816,798.00 | 7,132,823.00 | 7,219,447.00 | 7,090,837.00 | 7,655,911.00 | 7,585,676.00 | 8,631,167.00 | 9,659,967.00 | 9,422,893.00 | 9,054,043.00 | 8,406,156.00 | 7,844,150.00 | 6,652,043.00 |
| Capital Stock | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 |
| Share Premium | 8,214,078.00 | 7,988,663.00 | 7,686,980.00 | 7,444,561.00 | 6,257,788.00 | 6,260,619.00 | 6,190,142.00 | 6,175,190.00 | 6,057,065.00 | 6,076,367.00 | 5,957,054.00 | 5,935,273.00 | 5,791,006.00 | 5,870,285.00 | 5,879,796.00 | 5,794,727.00 | 6,037,628.00 | 6,282,600.00 | 6,446,829.00 | 6,332,105.00 |
| Retained Earnings | 184,040.00 | 362,614.00 | 320,160.00 | 808,079.00 | 760,471.00 | 607,564.00 | 796,201.00 | 660,734.00 | 1,114,009.00 | 1,160,278.00 | 1,156,109.00 | 1,748,106.00 | 1,869,463.00 | 2,803,100.00 | 3,805,918.00 | 3,647,785.00 | 3,031,765.00 | 2,133,794.00 | 1,408,768.00 | 335,762.00 |
| 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 | -5,602.00 | 1,055.00 | -29,027.00 | -40,326.00 | -10,609.00 | -34,617.00 | -31,282.00 | -19,133.00 | -38,258.00 | -17,205.00 | -22,333.00 | -27,475.00 | -74,800.00 | -42,225.00 | -25,754.00 | -19,626.00 | -15,357.00 | -10,245.00 | -11,454.00 | -15,831.00 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 91,539,771.00 | 90,639,424.00 | 89,345,554.00 | 87,073,494.00 | 84,199,904.00 | 77,670,418.00 | 76,311,214.00 | 76,737,319.00 | 80,553,602.00 | 79,732,258.00 | 79,821,536.00 | 82,284,674.00 | 81,270,101.00 | 84,488,363.00 | 97,953,301.00 | 94,136,248.00 | 82,835,151.00 | 70,929,370.00 | 57,187,230.00 | 46,082,366.00 |
| Debt | 12,888,785.00 | 12,927,757.00 | 13,391,928.00 | 12,461,674.00 | 12,104,347.00 | 12,091,152.00 | 12,031,489.00 | 13,668,126.00 | 13,543,785.00 | 13,842,136.00 | 13,913,025.00 | 13,371,038.00 | 10,248,712.00 | 10,359,149.00 | 9,923,529.00 | 8,656,196.00 | 8,390,596.00 | 6,435,800.00 | 6,416,657.00 | 6,265,497.00 |
| Net Debt | 10,458,095.00 | 10,692,258.00 | 11,004,949.00 | 10,489,534.00 | 9,751,015.00 | 9,709,716.00 | 9,527,018.00 | 10,712,260.00 | 10,572,171.00 | 10,561,932.00 | 11,082,054.00 | 9,119,035.00 | 6,768,709.00 | 6,175,769.00 | 6,054,962.00 | 6,536,458.00 | 3,379,163.00 | 3,968,356.00 | 3,554,235.00 | 4,266,013.00 |
| Common Shares Outstanding | 747,812.72 | 739,055.94 | 737,929.44 | 731,925.96 | 730,699.96 | 722,540.71 | 722,263.43 | 719,358.11 | 718,442.86 | 713,551.86 | 712,794.97 | 710,276.92 | 709,040.61 | 706,476.88 | 707,180.83 | 704,339.77 | 693,612.70 | 691,093.46 | 690,569.56 | 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 | 10,089,993.00 | 7,001,358.00 | 3,289,458.00 | -7,089,472.00 | 10,147,403.00 | 6,484,209.00 | 3,687,828.00 | -4,569,831.00 | 6,737,821.00 | 4,196,536.00 | 1,658,315.00 | -9,177,721.00 | 6,813,614.00 | 5,755,500.00 | 5,126,280.00 | -10,126,441.00 | 16,814,491.00 | 10,590,226.00 | 5,298,872.00 |
| Selling, General and Administrative Expenses | 3,822,149.00 | 2,592,910.00 | 1,361,735.00 | -2,314,257.00 | 3,316,314.00 | 2,243,328.00 | 1,164,753.00 | -2,069,841.00 | 2,981,184.00 | 2,001,730.00 | 989,679.00 | -1,850,328.00 | 2,743,121.00 | 1,872,479.00 | 897,179.00 | -1,281,976.00 | 2,194,115.00 | 1,439,921.00 | 727,760.00 |
| Interest Expense | 380,225.00 | 253,937.00 | 118,115.00 | -209,490.00 | 328,156.00 | 216,819.00 | 108,203.00 | -208,246.00 | 323,136.00 | 212,537.00 | 104,441.00 | -102,807.00 | 216,896.00 | 136,389.00 | 66,747.00 | -77,738.00 | 141,718.00 | 89,305.00 | 44,983.00 |
| EBT | 4,814,810.00 | 3,368,228.00 | 1,452,601.00 | -3,406,640.00 | 4,898,203.00 | 3,088,263.00 | 1,879,654.00 | -1,788,608.00 | 2,802,634.00 | 1,685,332.00 | 258,356.00 | -5,140,363.00 | 2,859,594.00 | 2,761,663.00 | 2,980,895.00 | -6,509,061.00 | 10,181,333.00 | 6,516,436.00 | 3,370,688.00 |
| Income Tax | 742,978.00 | 533,321.00 | 243,827.00 | -595,137.00 | 789,220.00 | 543,917.00 | 283,671.00 | -272,662.00 | 467,504.00 | 270,944.00 | 47,675.00 | -1,144,222.00 | 614,026.00 | 519,795.00 | 483,281.00 | 149,444.00 | 746,707.00 | 287,803.00 | 447.00 |
| Equity Method Investments Income | 569,800.00 | 420,000.00 | 140,500.00 | -360,100.00 | 512,400.00 | 297,100.00 | 156,000.00 | -192,500.00 | 208,600.00 | 160,500.00 | 69,200.00 | -459,200.00 | 217,400.00 | 197,600.00 | 336,300.00 | -1,494,400.00 | 1,600,000.00 | 1,100,000.00 | 694,400.00 |
| Net Income Including Non-Controlling Interests | 4,071,832.00 | 2,834,907.00 | 1,208,774.00 | 47,684,303.00 | 4,108,983.00 | 2,544,346.00 | 1,595,983.00 | 19,429,540.00 | 2,335,130.00 | 1,414,388.00 | 210,681.00 | 16,825,743.00 | 2,245,568.00 | 2,241,868.00 | 2,497,614.00 | 161,261,071.00 | 9,434,626.00 | 6,228,633.00 | 3,371,135.00 |
| Net Income Non-Controlling Interests | -2,067,819.00 | -1,455,811.00 | -593,922.00 | -49,119,616.00 | -2,036,348.00 | -1,252,546.00 | -748,597.00 | -20,050,638.00 | -1,096,050.00 | -727,302.00 | -124,869.00 | -18,672,244.00 | -1,055,791.00 | -1,054,387.00 | -1,280,740.00 | -164,667,489.00 | -4,975,707.00 | -3,171,609.00 | -1,623,263.00 |
| Net Income | 2,004,013.00 | 1,379,096.00 | 614,852.00 | -1,435,313.00 | 2,072,635.00 | 1,291,800.00 | 847,386.00 | -621,098.00 | 1,239,080.00 | 687,086.00 | 85,812.00 | -1,846,501.00 | 1,189,777.00 | 1,187,481.00 | 1,216,874.00 | -3,406,418.00 | 4,458,919.00 | 3,057,024.00 | 1,747,872.00 |
| EBIT | 5,195,035.00 | 3,622,165.00 | 1,570,716.00 | -3,616,130.00 | 5,226,359.00 | 3,305,082.00 | 1,987,857.00 | -1,996,854.00 | 3,125,770.00 | 1,897,869.00 | 362,797.00 | -5,243,170.00 | 3,076,490.00 | 2,898,052.00 | 3,047,642.00 | -6,586,799.00 | 10,323,051.00 | 6,605,741.00 | 3,415,671.00 |
| Deprecation and Amortization | 26,924.00 | 17,949.00 | 8,975.00 | -17,923.00 | 26,944.00 | 17,963.00 | 8,981.00 | -26,056.00 | 31,073.00 | 22,062.00 | 12,996.00 | -41,285.00 | 52,288.00 | 37,396.00 | 18,698.00 | -37,557.00 | 56,174.00 | 37,476.00 | 18,778.00 |
| EBITDA | 5,221,959.00 | 3,640,114.00 | 1,579,691.00 | -3,634,053.00 | 5,253,303.00 | 3,323,045.00 | 1,996,838.00 | -2,022,910.00 | 3,156,843.00 | 1,919,931.00 | 375,793.00 | -5,284,455.00 | 3,128,778.00 | 2,935,448.00 | 3,066,340.00 | -6,624,356.00 | 10,379,225.00 | 6,643,217.00 | 3,434,449.00 |
| 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 | 0.01 | 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 | 0.01 | 0.00 | 0.00 |
| Average Shares Outstanding Basic | 778,978.33 | 777,120.50 | 771,796.39 | 775,910.40 | 765,747.92 | 764,492.94 | 759,798.54 | 768,235.18 | 754,211.39 | 752,306.73 | 746,064.92 | 749,613.28 | 739,963.37 | 738,752.49 | 734,327.02 | 737,396.97 | 717,516.30 | 715,121.03 | 709,033.21 |
| Average Shares Outstanding Diluted | 779,212.02 | 777,447.17 | 772,434.60 | 775,648.90 | 765,933.33 | 764,746.16 | 760,257.64 | 767,949.10 | 754,456.33 | 752,630.39 | 746,643.93 | 749,389.57 | 740,272.25 | 739,140.86 | 734,966.92 | 737,047.20 | 717,918.42 | 715,622.21 | 709,912.34 |
| 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 | 3,595,366.00 | 1,997,721.00 | 1,109,218.00 | -2,876,848.00 | 3,320,257.00 | 2,098,407.00 | 939,846.00 | -1,535,344.00 | 3,161,218.00 | 2,078,304.00 | 352,728.00 | -6,671,558.00 | 5,621,118.00 | 4,638,192.00 | 2,748,501.00 | -6,306,899.00 | 4,799,935.00 | 3,196,268.00 | 2,296,684.00 |
| Operating Net Income | 4,071,832.00 | 2,834,907.00 | 1,208,774.00 | 47,684,303.00 | 4,108,983.00 | 2,544,346.00 | 1,595,983.00 | 19,429,540.00 | 2,335,130.00 | 1,414,388.00 | 210,681.00 | 16,825,743.00 | 2,245,568.00 | 2,241,868.00 | 2,497,614.00 | 161,261,071.00 | 9,434,626.00 | 6,228,633.00 | 3,371,135.00 |
| Deprecation and Amortization | 26,924.00 | 17,949.00 | 8,975.00 | -17,923.00 | 26,944.00 | 17,963.00 | 8,981.00 | -26,056.00 | 31,073.00 | 22,062.00 | 12,996.00 | -41,285.00 | 52,288.00 | 37,396.00 | 18,698.00 | -37,557.00 | 56,174.00 | 37,476.00 | 18,778.00 |
| Deferred Income Tax | 0 | 0 | 0 | 347,801.00 | 0 | 0 | 0 | -148,395.00 | 0 | 0 | 0 | -361,475.00 | 0 | 0 | 0 | 464,642.00 | 0 | 0 | 0 |
| Share Based Compensation | 1,086,762.00 | 783,445.00 | 471,089.00 | -659,761.00 | 885,862.00 | 621,681.00 | 320,653.00 | -625,425.00 | 797,762.00 | 537,781.00 | 277,431.00 | -439,056.00 | 636,454.00 | 429,868.00 | 219,083.00 | -285,958.00 | 454,110.00 | 305,422.00 | 163,867.00 |
| Change in Working Capital | -58,616.00 | -730,383.00 | -356,687.00 | -667,167.00 | -143,611.00 | -151,094.00 | 23,752.00 | -1,174,979.00 | -141,323.00 | -194,297.00 | 208,433.00 | 1,541,930.00 | -1,079,905.00 | -1,345,396.00 | -1,316,035.00 | 287,150.00 | -1,064,861.00 | -717,941.00 | -328,215.00 |
| Other Operating Activities | -1,531,536.00 | -908,197.00 | -222,933.00 | -49,564,101.00 | -1,557,921.00 | -934,489.00 | -1,009,523.00 | -18,990,029.00 | 138,576.00 | 298,370.00 | -356,813.00 | -24,197,415.00 | 3,766,713.00 | 3,274,456.00 | 1,329,141.00 | -167,996,247.00 | -4,080,114.00 | -2,657,322.00 | -928,881.00 |
| Investing Cash Flow | -93,353.00 | -69,424.00 | -29,278.00 | 36,006.00 | -49,523.00 | -30,136.00 | -17,756.00 | 179,299.00 | -198,324.00 | -135,656.00 | -74,970.00 | 108,834.00 | -186,783.00 | -101,396.00 | -56,152.00 | 35,692.00 | -44,456.00 | -34,811.00 | -20,741.00 |
| 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 | 93,353.00 | 69,424.00 | 29,278.00 | -36,006.00 | 49,523.00 | 30,136.00 | 17,756.00 | -168,466.00 | 192,904.00 | 130,236.00 | 69,557.00 | -108,834.00 | 186,783.00 | 101,396.00 | 56,152.00 | -35,692.00 | 44,456.00 | 34,811.00 | 20,741.00 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10,833.00 | 5,420.00 | 5,420.00 | 5,413.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Loan & Lease Activity | 129,451.00 | 117,155.00 | 278,010.00 | 352,298.00 | 153,433.00 | ||||||||||||||
| Other Investing Activities | -186,706.00 | -138,848.00 | -58,556.00 | -57,439.00 | -99,046.00 | -60,272.00 | -35,512.00 | 241,443.00 | -396,648.00 | -271,312.00 | -149,940.00 | -60,342.00 | -373,566.00 | -202,792.00 | -112,304.00 | -280,914.00 | -88,912.00 | -69,622.00 | -41,482.00 |
| Financing Cash Flow | -2,859,207.00 | -1,571,881.00 | 139,235.00 | 3,758,590.00 | -4,011,621.00 | -2,732,521.00 | -1,516,009.00 | 3,980,255.00 | -4,341,629.00 | -2,941,057.00 | -1,751,464.00 | 3,555,386.00 | -4,033,001.00 | -2,408,726.00 | -908,114.00 | 1,916,095.00 | -1,686,530.00 | -2,643,709.00 | -1,362,446.00 |
| Net Issuance/Repayment of Debt | 2,133,091.00 | 1,730,918.00 | 1,085,451.00 | 677,365.00 | 83,787.00 | 60,791.00 | 22,451.00 | -301,801.00 | 469,460.00 | 429,698.00 | 400,078.00 | -2,472,049.00 | 2,286,365.00 | 2,256,251.00 | 1,731,745.00 | 248,575.00 | 1,973,969.00 | 0 | 0 |
| 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 | 5,215,861.00 | 3,555,860.00 | 2,111,109.00 | -2,841,712.00 | 3,986,266.00 | 2,718,718.00 | 1,434,935.00 | -2,744,289.00 | 4,024,681.00 | 2,639,306.00 | 1,352,464.00 | -5,179,736.00 | 6,300,488.00 | 4,427,400.00 | 2,242,540.00 | -2,166,202.00 | 3,930,868.00 | 2,687,967.00 | 1,497,572.00 |
| Other Financing Activities | -10,208,159.00 | -6,858,659.00 | -3,057,325.00 | 5,922,937.00 | -8,081,674.00 | -5,512,030.00 | -2,973,395.00 | 7,026,345.00 | -8,835,770.00 | -6,010,061.00 | -3,504,006.00 | 11,207,171.00 | -12,619,854.00 | -9,092,377.00 | -4,882,399.00 | 3,833,722.00 | -7,591,367.00 | -5,331,676.00 | -2,860,018.00 |
| Net Change in Cash | 656,056.00 | 373,257.00 | 1,223,745.00 | 913,430.00 | -738,186.00 | -671,234.00 | -599,881.00 | 2,632,757.00 | -1,383,920.00 | -998,067.00 | -1,472,422.00 | -2,973,053.00 | 1,374,629.00 | 2,112,924.00 | 1,779,483.00 | -4,345,347.00 | 3,060,708.00 | 512,664.00 | 907,251.00 |
| Cash at Beginning of Period | 2,176,192.00 | 2,176,192.00 | 2,176,192.00 | 1,262,762.00 | 3,272,063.00 | 3,272,063.00 | 3,272,063.00 | 639,306.00 | 4,493,715.00 | 4,493,715.00 | 4,493,715.00 | 7,466,768.00 | 2,199,732.00 | 2,199,732.00 | 2,199,732.00 | 6,545,079.00 | 2,064,456.00 | 2,064,456.00 | 2,064,456.00 |
| Cash at End of Period | 2,832,248.00 | 2,549,449.00 | 3,399,937.00 | 2,176,192.00 | 2,533,877.00 | 2,600,829.00 | 2,672,182.00 | 3,272,063.00 | 3,109,795.00 | 3,495,648.00 | 3,021,293.00 | 4,493,715.00 | 3,574,361.00 | 4,312,656.00 | 3,979,215.00 | 2,199,732.00 | 5,125,164.00 | 2,577,120.00 | 2,971,707.00 |
| Free Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |