BXP - BXP, Inc.

BXP

Valuation Ratios

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Price to Earnings	826.22	57.99	12.47
Price to Sales	7.26	7.11	7.20	13.13
Book Value Per Common Share	52.89	55.16	55.42	51.95	51.04
Price to Book	1.41	1.27	1.22	2.22
Price to Operating Cash Flow	20.05	17.88	17.45	33.47
Price to Free Cash Flow
Enterprise Value to EBITDA

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	-96.55	71.02	172.28		51.91	60.35	128.06		-83.77	49.65	108.24		16.16	38.19			157.03	88.15	171.63
Price to Sales	9.53	13.00	25.93		10.50	12.11	25.85		8.07	11.78	22.33		10.70	19.27	56.51		16.53	26.41	46.67
Book Value Per Common Share	50.83	52.82	52.90	52.89	54.90	55.51	55.63	55.16	54.94	56.02	55.51	55.42	54.62	52.66	51.73	51.95	50.50	49.36	49.53	51.04
Price to Book	1.46	1.28	1.27	1.41	1.47	1.11	1.17	1.27	1.08	1.03	0.97	1.22	1.37	1.69	2.49	2.22	2.15	2.32	2.04
Price to Operating Cash Flow	29.66	40.02	106.84		31.46	36.23	109.82		21.57	31.13	76.66		27.20	47.76	194.18		45.32	67.28	219.04
Price to Free Cash Flow
Enterprise Value to EBITDA

Earnings Data

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Earning YoY	-92.56	-77.68
Revenue YoY	4.10	5.31	7.61	4.45
EBITDA YoY
Net Profit YoY	-89.32	-77.04	67.66	-42.35

Breakdown	2025-09-30	2025-06-30	2024-09-30	2024-06-30	2023-09-30	2023-06-30	2022-09-30	2022-06-30	2021-09-30	2021-06-30
Earning YoY		143.59	51.96	100.00		132.00	99.14		-46.92	120.34
Revenue YoY	50.27	100.37	50.84	101.32	50.87	101.74	51.73	102.60	51.14	100.02
EBITDA YoY
Net Profit YoY	-76.20	144.35	52.18	99.72	-59.29	132.95	97.10	156.82	50.71	109.67

Financial Strength

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Cash Per Common Share	10.30	11.34	6.02	4.87	12.56
Quick Ratio
Current Ratio
Debt to Equity	0.45	0.44	0.40	0.39	0.40
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	2020-12-31
Cash Per Common Share	6.80	5.10	4.33	21.67	10.82	6.76	6.44	23.96	7.06	11.37	7.23	12.71	4.22	4.84	4.53	10.25	8.33	5.91	8.14	26.46
Quick Ratio
Current Ratio
Debt to Equity	0.46	0.45	0.44	0.45	0.44	0.43	0.43	0.44	0.42	0.42	0.41	0.40	0.40	0.40	0.39	0.39	0.41	0.40	0.40	0.40
Long-Term Debt to Equity

Profitability

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
ROA	0.04	0.38	1.73	1.13	1.95
ROE	0.06	0.54	2.42	1.57	2.74
Gross Margin	59.89	61.06	62.07	62.81	61.25
Operating Margin
EBITDA Margin
Net Profit Margin	0.69	6.71	30.79	19.77	35.81

Breakdown	2025-09-30	2025-06-30	2025-03-31	2024-09-30	2024-06-30	2024-03-31	2023-09-30	2023-06-30	2023-03-31	2022-09-30	2022-06-30	2022-03-31	2021-09-30	2021-06-30	2021-03-31
ROA	0.07	0.30	0.12	0.47	0.32	0.16	0.15	0.36	0.16	1.53	0.79	0.32	0.71	0.49	0.23
ROE	0.10	0.43	0.18	0.68	0.46	0.23	0.21	0.51	0.22	2.13	1.11	0.44	0.99	0.68	0.33
Gross Margin	59.22	59.17	59.15	59.97	60.21	60.61	61.21	61.38	61.13	62.20	62.38	62.22	62.84	62.85	62.20
Operating Margin
EBITDA Margin
Net Profit Margin	1.56	9.85	8.07	10.86	10.76	10.85	3.45	12.77	11.06	35.33	27.20	21.45	16.81	16.85	16.08

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	58,385,164.00	58,303,454.00	55,459,772.00	50,634,760.00	50,684,739.00
Cash and Short-Term Investments	3,427,824.00	3,760,088.00	1,992,940.00	1,604,190.00	4,119,942.00
Cash and Cash Equivalents	3,427,824.00	3,760,088.00	1,992,940.00	1,604,190.00	4,119,942.00
Short-Term Investments	0	0	0	0	0
Net Receivables	4,519,914.00	4,258,979.00	3,483,256.00	3,371,223.00	3,180,395.00
Inventory	0	0	0	0	0
Other Current Assets	0	0	0	0	0
Property, Plant, Equipment Net	6,957,908.00	6,886,286.00	5,880,415.00	5,762,581.00	5,679,564.00
Real Estate	136,764,946.00	130,639,141.00	124,511,760.00	116,629,314.00	112,100,125.00
Goodwill	0	0	0	0	0
Intangible Assets	0	0	0	0	0
Long-Term Investments	4,340,823.00	5,469,373.00	6,758,297.00	5,894,917.00	5,205,353.00
Non-Current Deferred Assets	0	0	0	0	0
Other Non-Current Assets	0	0	0	0	0
Liabilities	18,137,324.00	17,833,785.00	15,837,237.00	14,322,462.00	14,511,681.00
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	2,500,000.00	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	40,247,840.00	40,469,669.00	39,622,535.00	36,312,298.00	36,173,058.00
Shareholders Equity	8,365,752.00	8,657,521.00	8,688,242.00	8,132,612.00	7,947,381.00
Capital Stock	6,882.00	6,969.00	6,268.00	7,365.00	399,180.00
Share Premium	6,836,093.00	6,715,149.00	6,539,147.00	6,497,730.00	6,356,791.00
Retained Earnings	-1,419,575.00	-816,152.00	-391,356.00	-625,891.00	-508,153.00
Treasury Shares	2,722.00	2,722.00	2,722.00	2,722.00	2,722.00
Accumulated Other Comprehensive Income	-2,072.00	-21,147.00	-13,718.00	-36,662.00	-49,890.00
Minority Interest	0	0	0	0	0
Investments	4,701,939.00	5,851,354.00	7,018,671.00	6,185,124.00	5,546,470.00
Debt	81,364,422.00	77,583,581.00	81,178,399.00	75,509,651.00	71,108,051.00
Net Debt	77,936,598.00	73,823,493.00	79,185,459.00	73,905,461.00	66,988,109.00
Common Shares Outstanding	158,174.99	156,940.87	156,757.87	156,544.85	155,718.83

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Revenues	3,407,719.00	3,273,569.00	3,108,581.00	2,888,621.00	2,765,686.00
Cost Of Revenue	1,366,674.00	1,274,793.00	1,179,054.00	1,074,333.00	1,071,611.00
Gross Profit	2,041,045.00	1,998,776.00	1,929,527.00	1,814,288.00	1,694,075.00
Operating Expenses	0	0	0	0	144,347.00
Selling, General and Administrative Expenses	159,983.00	170,158.00	146,378.00	151,573.00	133,112.00
Other Operating Expenses	0	0	0	0	11,235.00
Operating Income	0	0	0	0	1,549,728.00
Interest Expense	167,494.00	227,537.00	154,065.00	108,884.00	98,051.00
EBT	0	0	0	0	0
Income Tax	0.00	0.00	0.00	0.00	0.00
Equity Method Investments Income	-1,715,885.00	-1,197,715.00	-299,200.00	-12,850.00	-85,110.00
Net Income Including Non-Controlling Interests	320,785.00	533,584.00	2,030,563.00	1,242,379.00	2,003,449.00
Net Income Non-Controlling Interests	-297,305.00	-313,813.00	-1,073,298.00	-671,414.00	-1,012,970.00
Net Income	23,480.00	219,771.00	957,265.00	570,965.00	990,479.00
Deprecation and Amortization	1,772,098.00	1,658,498.00	1,496,922.00	1,426,371.00	1,360,417.00
EPS	0.00	0.00	0.01	0	0.01
Diluted EPS	0.00	0.00	0.01	0.01	0.01
Average Shares Outstanding Basic	332,858.00	331,659.00	331,086.00	329,266.00	328,075.00
Average Shares Outstanding Diluted	333,508.00	332,335.00	331,908.00	329,786.00	328,245.00

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Operating Cash Flow	1,234,501.00	1,301,520.00	1,282,399.00	1,133,227.00	1,156,840.00
Operating Net Income	320,785.00	533,584.00	2,030,563.00	1,242,379.00	2,003,449.00
Deprecation and Amortization	1,772,098.00	1,658,498.00	1,496,922.00	1,426,371.00	1,360,417.00
Deferred Income Tax	0	0	0	0	0
Share Based Compensation	43,949.00	51,478.00	52,026.00	50,860.00	44,142.00
Change in Working Capital	-8,596.00	184,078.00	-100,468.00	-6,034.00	-10,476.00
Other Operating Activities	-893,735.00	-1,126,118.00	-2,196,644.00	-1,580,349.00	-2,240,692.00
Investing Cash Flow	-1,237,396.00	-1,193,681.00	-1,602,802.00	-1,039,956.00	-613,719.00
Capital Expenditure	0.00	0.00	0.00	0.00	0.00
Net Purchase/Sale of PPE	651,346.00	525,963.00	1,013,794.00	513,878.00	482,507.00
Net Purchase/Sale of Investments Net	4,728.00	1,382.00	14,612.00	-1,451.00	-5,102.00
Net Purchase/Sale of Business	252,020.00	411,610.00	277,581.00	231,882.00	172,436.00
Other Investing Activities	-2,145,490.00	-2,132,636.00	-2,908,789.00	-1,784,265.00	-1,263,560.00
Financing Cash Flow	-274,476.00	767,916.00	556,057.00	-1,311,442.00	484,322.00
Net Issuance/Repayment of Debt	21,478,426.00	940,000.00	5,690,000.00	1,792,500.00	1,060,000.00
Net Issuance/Repurchase of Equity	-1,731.00	367.00	-352.00	24,214.00	3,277.00
Dividends Paid	689,870.00	687,809.00	685,019.00	683,753.00	688,904.00
Other Financing Activities	-22,441,041.00	-860,260.00	-5,818,610.00	-3,811,909.00	-1,267,859.00
Net Change in Cash	-277,371.00	875,755.00	235,654.00	-1,218,171.00	1,027,443.00
Cash at Beginning of Period	1,612,567.00	736,812.00	501,158.00	1,719,329.00	691,886.00
Cash at End of Period	1,335,196.00	1,612,567.00	736,812.00	501,158.00	1,719,329.00
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	58,261,129.00	57,574,634.00	57,159,731.00	58,385,164.00	58,981,242.00	57,107,859.00	57,170,859.00	58,303,454.00	56,898,609.00	57,964,618.00	56,407,435.00	55,459,772.00	53,714,988.00	52,674,080.00	50,970,034.00	50,634,760.00	51,239,204.00	49,125,341.00	49,376,033.00	50,684,739.00
Cash and Short-Term Investments	2,270,676.00	1,704,626.00	1,445,298.00	3,427,824.00	3,598,240.00	2,246,596.00	2,140,042.00	3,760,088.00	2,340,854.00	3,769,382.00	2,396,526.00	1,992,940.00	1,396,020.00	1,600,916.00	1,497,872.00	1,604,190.00	2,740,214.00	1,946,234.00	2,679,140.00	4,119,942.00
Cash and Cash Equivalents	2,270,676.00	1,704,626.00	1,445,298.00	3,427,824.00	3,598,240.00	2,246,596.00	2,140,042.00	3,760,088.00	2,340,854.00	3,769,382.00	2,396,526.00	1,992,940.00	1,396,020.00	1,600,916.00	1,497,872.00	1,604,190.00	2,740,214.00	1,946,234.00	2,679,140.00	4,119,942.00
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	4,725,994.00	4,593,887.00	4,543,407.00	4,519,914.00	4,343,574.00	4,234,715.00	4,211,724.00	4,258,979.00	4,126,607.00	3,613,662.00	3,542,972.00	3,483,256.00	3,382,180.00	3,396,190.00	3,378,184.00	3,371,223.00	3,339,772.00	3,252,522.00	3,174,124.00	3,180,395.00
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	5,969,460.00	6,252,318.00	6,270,344.00	6,957,908.00	6,307,636.00	6,324,326.00	6,333,776.00	6,886,286.00	6,179,955.00	5,542,729.00	5,543,585.00	5,880,415.00	5,565,958.00	5,536,087.00	5,419,807.00	5,762,581.00	5,428,474.00	5,401,532.00	5,379,329.00	5,679,564.00
Real Estate	140,246,963.00	139,447,885.00	138,116,297.00	136,764,946.00	135,176,882.00	133,669,444.00	132,581,919.00	130,639,141.00	128,098,521.00	126,484,050.00	125,438,906.00	124,511,760.00	122,916,747.00	120,755,610.00	117,374,443.00	116,629,314.00	116,065,381.00	114,285,435.00	112,958,201.00	112,100,125.00
Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	3,948,604.00	4,596,012.00	4,502,743.00	4,340,823.00	5,656,807.00	5,643,756.00	5,569,919.00	5,469,373.00	6,107,314.00	7,045,909.00	6,928,975.00	6,758,297.00	6,308,321.00	6,155,115.00	6,011,416.00	5,894,917.00	5,457,513.00	5,186,869.00	5,195,251.00	5,205,353.00
Non-Current Deferred Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Liabilities	18,482,700.00	17,766,779.00	17,577,740.00	18,137,324.00	18,123,230.00	17,184,205.00	17,240,265.00	17,833,785.00	16,698,784.00	17,048,845.00	16,313,339.00	15,837,237.00	15,326,635.00	15,115,833.00	14,422,944.00	14,322,462.00	14,785,286.00	13,960,103.00	14,084,526.00	14,511,681.00
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	3,750,000.00	3,750,000.00	2,500,000.00	2,500,000.00	2,500,000.00	2,500,000.00	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	39,778,429.00	39,807,855.00	39,581,991.00	40,247,840.00	40,858,012.00	39,923,654.00	39,930,594.00	40,469,669.00	40,199,825.00	40,915,773.00	40,094,096.00	39,622,535.00	38,388,353.00	37,558,247.00	36,547,090.00	36,312,298.00	36,453,918.00	35,165,238.00	35,291,507.00	36,173,058.00
Shareholders Equity	8,050,709.00	8,365,182.00	8,375,626.00	8,365,752.00	8,673,831.00	8,721,040.00	8,736,550.00	8,657,521.00	8,621,777.00	8,787,413.00	8,705,973.00	8,688,242.00	8,562,238.00	8,253,641.00	8,106,615.00	8,132,612.00	7,887,984.00	7,706,910.00	7,730,818.00	7,947,381.00
Capital Stock	1,584.00	5,584.00	5,183.00	6,882.00	6,880.00	6,871.00	6,470.00	6,969.00	6,969.00	6,969.00	6,568.00	6,268.00	6,268.00	5,867.00	5,467.00	7,365.00	7,262.00	5,161.00	4,761.00	399,180.00
Share Premium	6,827,889.00	6,854,753.00	6,846,015.00	6,836,093.00	6,822,489.00	6,768,686.00	6,752,648.00	6,715,149.00	6,568,645.00	6,561,161.00	6,549,314.00	6,539,147.00	6,532,299.00	6,524,997.00	6,509,663.00	6,497,730.00	6,415,802.00	6,405,916.00	6,392,923.00	6,356,791.00
Retained Earnings	-1,812,361.00	-1,579,770.00	-1,513,555.00	-1,419,575.00	-1,035,710.00	-964,518.00	-890,177.00	-816,152.00	-782,275.00	-516,550.00	-467,159.00	-391,356.00	-359,536.00	-567,016.00	-636,421.00	-625,891.00	-657,021.00	-612,247.00	-570,982.00	-508,153.00
Treasury Shares	2,722.00	2,722.00	2,722.00	2,722.00	2,722.00	2,722.00	2,722.00	2,722.00	2,722.00	2,722.00	2,722.00	2,722.00	2,722.00	2,722.00	2,722.00	2,722.00	2,722.00	2,722.00	2,722.00	2,722.00
Accumulated Other Comprehensive Income	-14,831.00	-15,059.00	-11,379.00	-2,072.00	-26,428.00	-155.00	-3,620.00	-21,147.00	2,866.00	-3,406.00	-18,214.00	-13,718.00	-15,991.00	-27,077.00	-28,485.00	-36,662.00	-40,803.00	-43,166.00	-45,139.00	-49,890.00
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	4,393,764.00	4,980,450.00	4,899,557.00	4,701,939.00	5,993,533.00	5,932,360.00	5,899,372.00	5,851,354.00	6,492,724.00	7,324,649.00	7,190,595.00	7,018,671.00	6,531,351.00	6,369,259.00	6,261,594.00	6,185,124.00	5,768,057.00	5,484,635.00	5,473,703.00	5,546,470.00
Debt	74,705,406.00	71,008,698.00	69,563,055.00	81,364,422.00	73,017,467.00	69,446,857.00	67,080,019.00	77,583,581.00	65,629,274.00	67,268,481.00	64,077,554.00	81,178,399.00	60,668,330.00	61,200,853.00	62,010,872.00	75,509,651.00	74,949,922.00	70,597,700.00	70,292,267.00	71,108,051.00
Net Debt	72,434,730.00	69,304,072.00	68,117,757.00	77,936,598.00	69,419,227.00	67,200,261.00	64,939,977.00	73,823,493.00	63,288,420.00	63,499,099.00	61,681,028.00	79,185,459.00	59,272,310.00	59,599,937.00	60,513,000.00	73,905,461.00	72,209,708.00	68,651,466.00	67,613,127.00	66,988,109.00
Common Shares Outstanding	158,400.41	158,366.28	158,323.33	158,174.99	157,979.90	157,097.84	157,049.17	156,940.87	156,939.18	156,853.40	156,829.79	156,757.87	156,755.00	156,726.43	156,712.00	156,544.85	156,206.49	156,135.96	156,074.20	155,718.83

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	2,605,182.00	1,733,672.00	865,215.00	-1,670,789.00	2,549,148.00	1,689,921.00	839,439.00	-1,594,620.00	2,444,636.00	1,620,353.00	803,200.00	-1,492,717.00	2,318,757.00	1,528,234.00	754,307.00	-1,410,134.00	2,157,558.00	1,427,502.00	713,695.00
Cost Of Revenue	1,062,296.00	707,794.00	353,417.00	-656,862.00	1,020,533.00	672,384.00	330,619.00	-611,519.00	948,260.00	625,858.00	312,194.00	-557,304.00	876,491.00	574,876.00	284,991.00	-527,514.00	801,713.00	530,386.00	269,748.00
Gross Profit	1,542,886.00	1,025,878.00	511,798.00	-1,013,927.00	1,528,615.00	1,017,537.00	508,820.00	-983,101.00	1,496,376.00	994,495.00	491,006.00	-935,413.00	1,442,266.00	953,358.00	469,316.00	-882,620.00	1,355,845.00	897,116.00	443,947.00
Operating Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	114,299.00	73,921.00	37,134.00
Selling, General and Administrative Expenses	130,988.00	94,800.00	52,284.00	-111,641.00	127,479.00	94,127.00	50,018.00	-117,008.00	131,387.00	99,977.00	55,802.00	-85,053.00	110,378.00	77,859.00	43,194.00	-94,674.00	117,924.00	83,364.00	44,959.00
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-3,625.00	-9,443.00	-7,825.00
Operating Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,241,546.00	823,195.00	406,813.00
Interest Expense	136,738.00	89,535.00	44,432.00	-76,037.00	122,606.00	77,362.00	43,563.00	-122,548.00	176,786.00	116,049.00	57,250.00	-42,170.00	103,270.00	62,592.00	30,373.00	-46,575.00	78,711.00	51,192.00	25,556.00
EBT	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Income Tax	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
Equity Method Investments Income	-153,792.00	-5,463.00	-2,139.00	-1,754,834.00	6,376.00	13,387.00	19,186.00	-914,116.00	-261,793.00	-14,237.00	-7,569.00	-310,891.00	-1,389.00	2,135.00	10,945.00	-14,947.00	-6,980.00	3,852.00	5,225.00
Net Income Including Non-Controlling Interests	-20,131.00	114,817.00	332,616.00	-954,001.00	619,886.00	431,674.00	223,226.00	-381,760.00	254,305.00	471,616.00	189,423.00	-959,949.00	1,733,698.00	897,593.00	359,221.00	-332,279.00	795,572.00	529,261.00	249,825.00
Net Income Non-Controlling Interests	60,756.00	55,885.00	-262,757.00	427,668.00	-343,060.00	-249,767.00	-132,146.00	221,541.00	-170,073.00	-264,688.00	-100,593.00	520,573.00	-914,503.00	-481,976.00	-197,392.00	185,303.00	-432,967.00	-288,670.00	-135,080.00
Net Income	40,625.00	170,702.00	69,859.00	-526,333.00	276,826.00	181,907.00	91,080.00	-160,219.00	84,232.00	206,928.00	88,830.00	-439,376.00	819,195.00	415,617.00	161,829.00	-146,976.00	362,605.00	240,591.00	114,745.00
Deprecation and Amortization	1,355,635.00	885,024.00	438,917.00	-863,835.00	1,320,630.00	876,686.00	438,617.00	-814,544.00	1,235,196.00	820,936.00	416,910.00	-678,876.00	1,101,402.00	720,886.00	353,510.00	-712,745.00	1,073,070.00	715,981.00	350,065.00
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	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	0.01	0.00	0.00	0.00	0.00	0.00	0.00
Average Shares Outstanding Basic	334,129.00	334,069.00	333,954.00	334,232.00	332,619.00	332,343.00	332,238.00	332,071.00	331,602.00	331,508.00	331,455.00	331,363.00	331,047.00	331,008.00	330,926.00	329,928.00	329,140.00	329,050.00	328,946.00
Average Shares Outstanding Diluted	335,129.00	334,981.00	334,814.00	335,542.00	333,213.00	332,741.00	332,536.00	332,983.00	332,282.00	332,140.00	331,935.00	332,245.00	331,919.00	331,834.00	331,634.00	330,420.00	329,804.00	329,632.00	329,288.00

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	837,405.00	563,181.00	210,036.00	-378,508.00	850,755.00	564,659.00	197,595.00	-460,045.00	914,372.00	613,183.00	234,010.00	-466,133.00	912,403.00	616,639.00	219,490.00	-366,171.00	786,859.00	560,476.00	152,063.00
Operating Net Income	313,095.00	788,866.00	332,616.00	-954,001.00	619,886.00	431,674.00	223,226.00	-381,760.00	254,305.00	471,616.00	189,423.00	-959,949.00	1,733,698.00	897,593.00	359,221.00	-332,279.00	795,572.00	529,261.00	249,825.00
Deprecation and Amortization	1,355,635.00	885,024.00	438,917.00	-863,835.00	1,320,630.00	876,686.00	438,617.00	-814,544.00	1,235,196.00	820,936.00	416,910.00	-678,876.00	1,101,402.00	720,886.00	353,510.00	-712,745.00	1,073,070.00	715,981.00	350,065.00
Deferred Income Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Share Based Compensation	39,563.00	34,860.00	22,917.00	-49,663.00	39,552.00	35,187.00	18,873.00	-63,007.00	46,699.00	41,524.00	26,262.00	-49,612.00	44,208.00	36,195.00	21,235.00	-46,698.00	43,098.00	34,370.00	20,090.00
Change in Working Capital	139,436.00	-37,260.00	75,642.00	170,986.00	32,334.00	-205,434.00	-6,482.00	-307,090.00	247,512.00	25,796.00	217,860.00	14,628.00	13,800.00	-141,346.00	12,450.00	92,808.00	7,244.00	-97,578.00	-8,508.00
Other Operating Activities	-1,010,324.00	-1,108,309.00	-660,056.00	1,318,005.00	-1,161,647.00	-573,454.00	-476,639.00	1,106,356.00	-869,340.00	-746,689.00	-616,445.00	1,207,676.00	-1,980,705.00	-896,689.00	-526,926.00	632,743.00	-1,132,125.00	-621,558.00	-459,409.00
Investing Cash Flow	-988,228.00	-612,404.00	-309,143.00	453,514.00	-850,787.00	-553,504.00	-286,619.00	522,353.00	-875,578.00	-554,864.00	-285,592.00	841,923.00	-1,313,220.00	-980,170.00	-151,335.00	764,296.00	-998,368.00	-563,611.00	-242,273.00
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	500,537.00	278,667.00	138,796.00	-313,840.00	469,948.00	313,602.00	181,636.00	-190,675.00	361,625.00	235,331.00	119,682.00	-355,545.00	781,414.00	487,612.00	100,313.00	-222,299.00	381,104.00	235,577.00	119,496.00
Net Purchase/Sale of Investments Net	2,676.00	4,588.00	-1,194.00	7,714.00	950.00	-1,086.00	-2,850.00	-16,838.00	7,538.00	5,530.00	5,152.00	-966.00	5,043.00	5,197.00	5,338.00	4,262.00	-1,684.00	-1,915.00	-2,114.00
Net Purchase/Sale of Business	302,048.00	233,864.00	52,611.00	-60,296.00	162,824.00	108,750.00	40,742.00	98,395.00	148,875.00	103,595.00	60,745.00	71,826.00	109,643.00	69,819.00	26,293.00	-138,808.00	226,502.00	75,642.00	68,546.00
Other Investing Activities	-1,793,489.00	-1,129,523.00	-499,356.00	819,936.00	-1,484,509.00	-974,770.00	-506,147.00	631,471.00	-1,393,616.00	-899,320.00	-471,171.00	1,126,608.00	-2,209,320.00	-1,542,798.00	-283,279.00	1,121,141.00	-1,604,290.00	-872,915.00	-428,201.00
Financing Cash Flow	-245,644.00	-758,132.00	-756,882.00	1,509,705.00	-141,051.00	-886,221.00	-756,909.00	-499,277.00	154,782.00	833,359.00	279,052.00	-70,741.00	348,545.00	365,223.00	-86,970.00	873,307.00	-425,899.00	-1,078,914.00	-679,936.00
Net Issuance/Repayment of Debt	30,507,916.00	20,012,930.00	8,796,780.00	5,277,016.00	14,219,728.00	1,988,002.00	-6,320.00	-1,880,000.00	940,000.00	940,000.00	940,000.00	-2,240,000.00	4,610,000.00	2,780,000.00	540,000.00	1,590,000.00	202,500.00	0	0
Net Issuance/Repurchase of Equity	-433.00	-938.00	-821.00	4,269.00	-1,728.00	-2,136.00	-2,136.00	-547.00	367.00	-39.00	586.00	705.00	-359.00	-366.00	-332.00	-35,037.00	20,028.00	19,580.00	19,643.00
Dividends Paid	519,720.00	346,418.00	173,118.00	-343,859.00	517,361.00	344,574.00	171,794.00	-341,760.00	514,974.00	343,325.00	171,270.00	-340,906.00	513,486.00	341,951.00	170,488.00	-344,311.00	513,381.00	343,117.00	171,566.00
Other Financing Activities	-31,272,847.00	-21,116,542.00	-9,725,959.00	-3,427,721.00	-14,876,412.00	-3,216,661.00	-920,247.00	1,723,030.00	-1,300,559.00	-449,927.00	-832,804.00	2,509,460.00	-4,774,582.00	-2,756,362.00	-797,126.00	-337,345.00	-1,161,808.00	-1,441,611.00	-871,145.00
Net Change in Cash	-396,467.00	-807,355.00	-855,989.00	1,584,711.00	-141,083.00	-875,066.00	-845,933.00	-436,969.00	193,576.00	891,678.00	227,470.00	305,049.00	-52,272.00	1,692.00	-18,815.00	1,271,432.00	-637,408.00	-1,082,049.00	-770,146.00
Cash at Beginning of Period	1,335,196.00	1,335,196.00	1,335,196.00	-249,515.00	1,612,567.00	1,612,567.00	1,612,567.00	2,049,536.00	736,812.00	736,812.00	736,812.00	431,763.00	501,158.00	501,158.00	501,158.00	-770,274.00	1,719,329.00	1,719,329.00	1,719,329.00
Cash at End of Period	938,729.00	527,841.00	479,207.00	1,335,196.00	1,471,484.00	737,501.00	766,634.00	1,612,567.00	930,388.00	1,628,490.00	964,282.00	736,812.00	448,886.00	502,850.00	482,343.00	501,158.00	1,081,921.00	637,280.00	949,183.00
Free Cash Flow	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0