Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 10.94 35.68 9.84 28.25
Price to Sales 2.72 2.13 1.67 2.24
Book Value Per Common Share
Price to Book
Price to Operating Cash Flow 108.90 18.45 19.96 21.04
Price to Free Cash Flow
Enterprise Value to EBITDA 146735.69 161490.34 69220.98 153130.40
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 35.75 62.56 134.89 23.74 21.75 193.77 49.73 73.10 101.67 9.21 15.50 28.31 33.61 48.60 95.95
Price to Sales 3.02 5.56 10.53 4.18 4.33 8.28 2.66 3.61 7.09 1.92 3.01 8.22 2.85 4.08 7.65
Book Value Per Common Share
Price to Book
Price to Operating Cash Flow 34.73 55.65 113.78 168.25 81.12 1306.29 29.89 82.41 318.37 48.53 -178.21 -193.79 33.96 56.69 199.43
Price to Free Cash Flow
Enterprise Value to EBITDA 170053.36 292628.71 589093.81 260375.25 117935.01 642163.45 220328.51 315363.03 552848.78 69375.05 111826.41 215655.18 180996.33 270905.54 546169.96

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 287.58 -61.58 118.23 -16.16
Revenue YoY -0.16 8.29 -0.81 18.18
EBITDA YoY 36.75 -39.93 62.71 -12.38
Net Profit YoY 315.42 -61.83 112.38 -16.04
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 42.74 148.94 16.90 866.67 63.24 51.11 67.83 41.98 54.00 127.27
Revenue YoY 49.24 117.15 32.29 107.95 50.87 113.56 55.18 111.59 52.64 115.62
EBITDA YoY 39.71 130.76 -42.16 491.52 59.15 90.59 60.10 49.26 59.33 131.99
Net Profit YoY 42.67 143.45 17.15 868.77 62.41 53.35 67.21 41.55 53.85 126.82

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 4.42 11.96 4.17 3.44 3.59
Quick Ratio 0.37 0.79 0.43 0.58 0.80
Current Ratio 1.20 1.87 1.40 1.70 1.66
Debt to Equity 1.87 2.60 2.27 2.08 2.15
Long-Term Debt to Equity 0.84 1.34 1.03 1.21 1.40
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 1.66 2.09 1.96 4.52 2.47 3.24 1.46 11.92 4.66 3.84 4.01 4.22 3.53 3.55 4.22 3.46 3.08 3.03 2.99 3.59
Quick Ratio 0.62 0.72 0.71 0.37 0.50 0.60 0.55 0.79 1.14 1.09 1.07 0.43 1.00 1.05 1.12 0.58 0.88 1.03 1.06 0.80
Current Ratio 1.14 1.17 1.20 1.20 1.08 1.08 1.36 1.87 1.66 1.63 1.70 1.40 1.62 1.67 1.74 1.70 1.86 1.56 1.62 1.66
Debt to Equity 1.57 1.56 1.57 1.87 1.67 1.87 2.43 2.60 2.12 2.17 2.12 2.27 2.40 2.38 2.26 2.08 2.57 2.61 2.65 2.15
Long-Term Debt to Equity 1.04 1.04 1.07 0.84 0.98 1.11 1.70 1.34 1.38 1.42 1.42 1.03 1.59 1.59 1.51 1.21 1.73 1.83 1.89 1.40

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 10.65 2.93 9.15 5.11 6.44
ROE 30.54 10.55 29.94 15.72 20.30
Gross Margin -194.30 29.49 28.30 30.43 30.62
Operating Margin 12.65 10.83 22.02 12.93 17.72
EBITDA Margin 18.12 13.23 23.84 14.54 19.61
Net Profit Margin 24.85 5.97 16.94 7.91 11.14
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 2020-12-31
ROA 3.76 2.61 1.13 7.59 6.45 0.66 3.50 2.18 1.41 12.88 8.25 5.70 5.20 3.38 1.54
ROE 9.64 6.68 2.90 20.30 18.51 2.26 10.93 6.90 4.40 43.74 27.92 18.56 18.55 12.23 5.63
Gross Margin -110.41 -108.20 -109.97 25.83 28.37 28.20 29.71 28.46 27.72 29.04 29.32 29.45 31.15 31.08 31.07
Operating Margin 12.20 13.53 12.07 10.78 31.92 7.92 9.73 9.07 10.30 26.08 25.34 36.44 14.15 13.45 12.28
EBITDA Margin 17.79 19.00 17.88 16.04 36.68 12.90 12.07 11.44 12.82 27.73 26.88 38.10 15.74 15.08 14.01
Net Profit Margin 8.46 8.85 7.90 17.58 19.85 4.26 5.35 4.97 6.92 20.87 19.37 28.95 8.49 8.42 8.01

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 52,622,000.00 46,088,000.00 38,638,000.00 32,587,000.00 30,799,000.00
   Current Assets 22,714,000.00 30,212,000.00 20,500,000.00 15,682,000.00 12,195,000.00
      Cash and Short-Term Investments 3,969,000.00 10,015,000.00 3,520,000.00 2,987,000.00 3,115,000.00
            Cash and Cash Equivalents 3,969,000.00 10,015,000.00 3,520,000.00 2,987,000.00 3,115,000.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 3,014,000.00 2,712,000.00 2,833,000.00 2,403,000.00 2,781,000.00
      Inventory 2,299,000.00 2,217,000.00 2,640,000.00 1,970,000.00 1,629,000.00
      Other Current Assets 13,432,000.00 15,268,000.00 11,507,000.00 8,322,000.00 4,670,000.00
   Non-Current Assets 29,908,000.00 15,876,000.00 18,138,000.00 16,905,000.00 18,604,000.00
      Property, Plant, Equipment Net 3,553,000.00 2,784,000.00 2,883,000.00 2,466,000.00 2,598,000.00
      Goodwill 36,809,000.00 7,989,000.00 9,977,000.00 9,349,000.00 21,195,000.00
      Intangible Assets 6,432,000.00 1,028,000.00 1,342,000.00 509,000.00 1,037,000.00
      Long-Term Investments 1,194,000.00 1,140,000.00 1,148,000.00 1,593,000.00 1,513,000.00
      Non-Current Deferred Assets 1,131,000.00 739,000.00 612,000.00 563,000.00 449,000.00
      Other Non-Current Assets -19,211,000.00 2,196,000.00 2,176,000.00 2,425,000.00 -8,188,000.00
Liabilities 34,271,000.00 33,303,000.00 26,836,000.00 22,003,000.00 21,036,000.00
   Current Liabilities 18,945,000.00 16,187,000.00 14,663,000.00 9,223,000.00 7,333,000.00
      Payables and Expenses 6,672,000.00 5,597,000.00 5,443,000.00 4,895,000.00 4,407,000.00
            Account Payables 2,490,000.00 2,786,000.00 2,833,000.00 2,334,000.00 1,936,000.00
            Current Accrued Liabilities 4,182,000.00 2,811,000.00 2,610,000.00 2,561,000.00 2,471,000.00
      Short-Term Debt 1,252,000.00 51,000.00 140,000.00 183,000.00 191,000.00
      Other Current Liabilities 11,021,000.00 10,539,000.00 9,080,000.00 4,145,000.00 2,735,000.00
   Non-Current Liabilities 15,326,000.00 17,116,000.00 12,173,000.00 12,780,000.00 13,703,000.00
      Long-Term Debt 11,458,000.00 14,633,000.00 9,231,000.00 10,040,000.00 10,678,000.00
      Other Non-Current Liabilities 3,868,000.00 2,483,000.00 2,942,000.00 2,740,000.00 3,025,000.00
Equity 18,351,000.00 12,785,000.00 11,802,000.00 10,584,000.00 9,763,000.00
   Shareholders Equity 0 0 0 0 0
      Capital Stock 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00
      Share Premium 8,610,000.00 5,535,000.00 5,481,000.00 5,411,000.00 5,345,000.00
      Retained Earnings 11,483,000.00 6,591,000.00 5,866,000.00 2,865,000.00 1,643,000.00
      Treasury Shares 3,915,000.00 1,972,000.00 1,910,000.00 529,000.00 0
      Accumulated Other Comprehensive Income -2,106,000.00 -1,486,000.00 -1,688,000.00 -989,000.00 -745,000.00
   Minority Interest 314,000.00 328,000.00 318,000.00 327,000.00 326,000.00
Investments 1,194,000.00 1,140,000.00 1,148,000.00 1,593,000.00 1,513,000.00
Debt 12,710,000.00 14,684,000.00 9,371,000.00 10,223,000.00 10,869,000.00
Net Debt 8,741,000.00 4,669,000.00 5,851,000.00 7,236,000.00 7,754,000.00
Common Shares Outstanding 878,337.68 839,910.28 834,664.97 863,039.10 867,829.12
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 22,553,000.00 22,590,000.00 20,861,000.00 21,032,000.00 17,796,000.00
Cost Of Revenue 66,373,000.00 15,929,000.00 14,957,000.00 14,633,000.00 12,347,000.00
Gross Profit -43,820,000.00 6,661,000.00 5,904,000.00 6,399,000.00 5,449,000.00
Operating Expenses -52,135,000.00 -843,000.00 -7,849,000.00 -1,767,000.00 -4,120,000.00
   Selling, General and Administrative Expenses 9,278,000.00 3,297,000.00 2,512,000.00 3,120,000.00 2,820,000.00
   Research and Development Expenses 1,991,000.00 617,000.00 539,000.00 503,000.00 419,000.00
   Other Operating Expenses -63,404,000.00 -4,757,000.00 -10,900,000.00 -5,390,000.00 -7,359,000.00
Operating Income 8,315,000.00 7,504,000.00 13,753,000.00 8,166,000.00 9,569,000.00
Net Non-Operating Income -6,041,000.00 -5,420,000.00 -9,461,000.00 -5,766,000.00 -6,714,000.00
Interest Income 209,000.00 151,000.00 83,000.00 13,000.00 10,000.00
Interest Expense 580,000.00 362,000.00 302,000.00 319,000.00 298,000.00
Net Interest -371,000.00 -211,000.00 -219,000.00 -306,000.00 -288,000.00
EBT 2,274,000.00 2,084,000.00 4,292,000.00 2,400,000.00 2,855,000.00
Income Tax 1,062,000.00 644,000.00 708,000.00 699,000.00 849,000.00
Equity Method Investments Income 693,000.00 211,000.00 262,000.00 249,000.00 207,000.00
Net Income Including Non-Controlling Interests 5,500,000.00 1,258,000.00 3,484,000.00 1,627,000.00 1,958,000.00
Net Income Non-Controlling Interests 104,000.00 91,000.00 50,000.00 37,000.00 24,000.00
Net Income 5,604,000.00 1,349,000.00 3,534,000.00 1,664,000.00 1,982,000.00
EBIT 2,854,000.00 2,446,000.00 4,594,000.00 2,719,000.00 3,153,000.00
Deprecation and Amortization 1,232,000.00 542,000.00 380,000.00 338,000.00 336,000.00
EBITDA 4,086,000.00 2,988,000.00 4,974,000.00 3,057,000.00 3,489,000.00
EPS 0.01 0.00 0.00 0.00 0.00
Diluted EPS 0.01 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 898,200.00 837,300.00 843,400.00 867,700.00 866,500.00
Average Shares Outstanding Diluted 911,700.00 853,000.00 861,200.00 890,300.00 880,200.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 563,000.00 2,607,000.00 1,743,000.00 2,237,000.00 1,692,000.00
   Operating Net Income 12,116,000.00 3,535,000.00 7,925,000.00 4,052,000.00 4,556,000.00
   Deprecation and Amortization 1,232,000.00 542,000.00 380,000.00 338,000.00 336,000.00
   Deferred Income Tax -352,000.00 -233,000.00 -124,000.00 -74,000.00 97,000.00
   Share Based Compensation 98,000.00 81,000.00 77,000.00 92,000.00 77,000.00
   Change in Working Capital -165,000.00 486,000.00 516,000.00 1,443,000.00 240,000.00
   Other Operating Activities -12,366,000.00 -1,804,000.00 -7,031,000.00 -3,614,000.00 -3,614,000.00
Investing Cash Flow -4,050,000.00 -660,000.00 1,745,000.00 -692,000.00 1,106,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 519,000.00 469,000.00 353,000.00 344,000.00 312,000.00
   Net Purchase/Sale of Investments Net -14,000.00 -23,000.00 0 -7,000.00 -1,000.00
   Net Purchase/Sale of Business 22,424,000.00 356,000.00 3,914,000.00 739,000.00 1,377,000.00
   Other Investing Activities -26,979,000.00 -1,462,000.00 -2,522,000.00 -1,768,000.00 -582,000.00
Financing Cash Flow -4,661,000.00 4,612,000.00 -2,931,000.00 -1,562,000.00 -681,000.00
   Net Issuance/Repayment of Debt 8,874,000.00 5,855,000.00 1,765,000.00 1,162,000.00 13,833,000.00
   Net Issuance/Repurchase of Equity 1,944,000.00 62,000.00 1,380,000.00 527,000.00 0
   Dividends Paid 754,000.00 678,000.00 555,000.00 459,000.00 186,000.00
   Other Financing Activities -16,233,000.00 -1,983,000.00 -6,631,000.00 -3,710,000.00 -14,700,000.00
Net Change in Cash -6,201,000.00 6,647,000.00 501,000.00 -33,000.00 2,162,000.00
   Cash at Beginning of Period 10,173,000.00 3,370,000.00 3,026,000.00 3,059,000.00 957,000.00
   Cash at End of Period 3,972,000.00 10,017,000.00 3,527,000.00 3,026,000.00 3,119,000.00
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 38,077,000.00 38,493,000.00 36,447,000.00 52,622,000.00 40,201,000.00 40,424,000.00 40,810,000.00 46,088,000.00 26,544,000.00 26,284,000.00 26,411,000.00 38,638,000.00 25,350,000.00 23,662,000.00 24,193,000.00 32,587,000.00 25,788,000.00 25,738,000.00 24,868,000.00 30,799,000.00
   Current Assets 8,839,000.00 9,131,000.00 8,444,000.00 22,714,000.00 11,194,000.00 11,573,000.00 11,715,000.00 30,212,000.00 10,511,000.00 10,141,000.00 10,158,000.00 20,500,000.00 9,740,000.00 9,276,000.00 9,602,000.00 15,682,000.00 11,300,000.00 8,754,000.00 8,328,000.00 12,195,000.00
      Cash and Short-Term Investments 1,423,000.00 1,797,000.00 1,698,000.00 3,969,000.00 2,225,000.00 2,919,000.00 1,313,000.00 10,015,000.00 3,902,000.00 3,209,000.00 3,347,000.00 3,520,000.00 2,985,000.00 3,017,000.00 3,604,000.00 2,987,000.00 2,671,000.00 2,630,000.00 2,599,000.00 3,115,000.00
            Cash and Cash Equivalents 1,423,000.00 1,797,000.00 1,698,000.00 3,969,000.00 2,225,000.00 2,919,000.00 1,313,000.00 10,015,000.00 3,902,000.00 3,209,000.00 3,347,000.00 3,520,000.00 2,985,000.00 3,017,000.00 3,604,000.00 2,987,000.00 2,671,000.00 2,630,000.00 2,599,000.00 3,115,000.00
            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 3,384,000.00 3,858,000.00 3,290,000.00 3,014,000.00 3,013,000.00 3,463,000.00 3,417,000.00 2,712,000.00 3,319,000.00 3,576,000.00 3,032,000.00 2,833,000.00 3,003,000.00 2,823,000.00 2,599,000.00 2,403,000.00 2,669,000.00 3,128,000.00 2,831,000.00 2,781,000.00
      Inventory 3,004,000.00 2,888,000.00 2,648,000.00 2,299,000.00 2,646,000.00 3,045,000.00 3,189,000.00 2,217,000.00 2,562,000.00 2,699,000.00 2,803,000.00 2,640,000.00 2,664,000.00 2,350,000.00 2,358,000.00 1,970,000.00 1,926,000.00 1,885,000.00 1,854,000.00 1,629,000.00
      Other Current Assets 1,028,000.00 588,000.00 808,000.00 13,432,000.00 3,310,000.00 2,146,000.00 3,796,000.00 15,268,000.00 728,000.00 657,000.00 976,000.00 11,507,000.00 1,088,000.00 1,086,000.00 1,041,000.00 8,322,000.00 4,034,000.00 1,111,000.00 1,044,000.00 4,670,000.00
   Non-Current Assets 29,238,000.00 29,362,000.00 28,003,000.00 29,908,000.00 29,007,000.00 28,851,000.00 29,095,000.00 15,876,000.00 16,033,000.00 16,143,000.00 16,253,000.00 18,138,000.00 15,610,000.00 14,386,000.00 14,591,000.00 16,905,000.00 14,488,000.00 16,984,000.00 16,540,000.00 18,604,000.00
      Property, Plant, Equipment Net 3,772,000.00 3,757,000.00 3,603,000.00 3,553,000.00 3,583,000.00 3,752,000.00 3,812,000.00 2,784,000.00 2,787,000.00 2,862,000.00 2,902,000.00 2,883,000.00 2,680,000.00 2,400,000.00 2,421,000.00 2,466,000.00 2,390,000.00 2,623,000.00 2,547,000.00 2,598,000.00
      Goodwill 15,680,000.00 15,672,000.00 14,959,000.00 36,809,000.00 38,181,000.00 38,062,000.00 15,366,000.00 7,989,000.00 9,825,000.00 9,927,000.00 9,987,000.00 9,977,000.00 9,621,000.00 9,067,000.00 9,288,000.00 9,349,000.00 18,654,000.00 20,733,000.00 10,077,000.00 21,195,000.00
      Intangible Assets 6,560,000.00 6,770,000.00 6,480,000.00 6,432,000.00 7,118,000.00 7,048,000.00 7,351,000.00 1,028,000.00 1,100,000.00 1,181,000.00 1,287,000.00 1,342,000.00 1,309,000.00 458,000.00 488,000.00 509,000.00 481,000.00 1,071,000.00 1,002,000.00 1,037,000.00
      Long-Term Investments 1,381,000.00 1,353,000.00 1,253,000.00 1,194,000.00 1,287,000.00 1,221,000.00 1,155,000.00 1,140,000.00 1,166,000.00 1,139,000.00 1,103,000.00 1,148,000.00 1,151,000.00 1,671,000.00 1,638,000.00 1,593,000.00 1,619,000.00 1,572,000.00 1,530,000.00 1,513,000.00
      Non-Current Deferred Assets 1,199,000.00 1,220,000.00 1,149,000.00 1,131,000.00 1,142,000.00 939,000.00 823,000.00 739,000.00 712,000.00 690,000.00 639,000.00 612,000.00 619,000.00 566,000.00 517,000.00 563,000.00 456,000.00 461,000.00 461,000.00 449,000.00
      Other Non-Current Assets 646,000.00 590,000.00 559,000.00 -19,211,000.00 -22,304,000.00 -22,171,000.00 588,000.00 2,196,000.00 443,000.00 344,000.00 335,000.00 2,176,000.00 230,000.00 224,000.00 239,000.00 2,425,000.00 -9,112,000.00 -9,476,000.00 923,000.00 -8,188,000.00
Liabilities 23,238,000.00 23,479,000.00 22,249,000.00 34,271,000.00 25,159,000.00 26,345,000.00 28,904,000.00 33,303,000.00 18,042,000.00 17,996,000.00 17,943,000.00 26,836,000.00 17,887,000.00 16,670,000.00 16,763,000.00 22,003,000.00 18,566,000.00 18,618,000.00 18,050,000.00 21,036,000.00
   Current Liabilities 7,747,000.00 7,829,000.00 7,011,000.00 18,945,000.00 10,378,000.00 10,675,000.00 8,637,000.00 16,187,000.00 6,349,000.00 6,234,000.00 5,958,000.00 14,663,000.00 6,013,000.00 5,546,000.00 5,531,000.00 9,223,000.00 6,068,000.00 5,604,000.00 5,138,000.00 7,333,000.00
      Payables and Expenses 7,207,000.00 7,754,000.00 6,939,000.00 6,672,000.00 7,109,000.00 7,494,000.00 6,112,000.00 5,597,000.00 5,754,000.00 5,656,000.00 5,300,000.00 5,443,000.00 5,354,000.00 4,833,000.00 4,849,000.00 4,895,000.00 4,418,000.00 4,903,000.00 4,440,000.00 4,407,000.00
            Account Payables 2,999,000.00 3,246,000.00 3,047,000.00 2,490,000.00 2,876,000.00 3,232,000.00 3,118,000.00 2,786,000.00 2,922,000.00 2,995,000.00 2,926,000.00 2,833,000.00 2,817,000.00 2,403,000.00 2,519,000.00 2,334,000.00 2,158,000.00 2,362,000.00 2,175,000.00 1,936,000.00
            Current Accrued Liabilities 4,208,000.00 4,508,000.00 3,892,000.00 4,182,000.00 4,233,000.00 4,262,000.00 2,994,000.00 2,811,000.00 2,832,000.00 2,661,000.00 2,374,000.00 2,610,000.00 2,537,000.00 2,430,000.00 2,330,000.00 2,561,000.00 2,260,000.00 2,541,000.00 2,265,000.00 2,471,000.00
      Short-Term Debt 580,000.00 107,000.00 104,000.00 1,252,000.00 2,095,000.00 2,052,000.00 1,248,000.00 51,000.00 134,000.00 134,000.00 142,000.00 140,000.00 219,000.00 269,000.00 256,000.00 183,000.00 130,000.00 125,000.00 153,000.00 191,000.00
      Other Current Liabilities -40,000.00 -32,000.00 -32,000.00 11,021,000.00 1,174,000.00 1,129,000.00 1,277,000.00 10,539,000.00 461,000.00 444,000.00 516,000.00 9,080,000.00 440,000.00 444,000.00 426,000.00 4,145,000.00 1,520,000.00 576,000.00 545,000.00 2,735,000.00
   Non-Current Liabilities 15,491,000.00 15,650,000.00 15,238,000.00 15,326,000.00 14,781,000.00 15,670,000.00 20,267,000.00 17,116,000.00 11,693,000.00 11,762,000.00 11,985,000.00 12,173,000.00 11,874,000.00 11,124,000.00 11,232,000.00 12,780,000.00 12,498,000.00 13,014,000.00 12,912,000.00 13,703,000.00
      Long-Term Debt 11,760,000.00 11,780,000.00 11,517,000.00 11,458,000.00 10,782,000.00 11,771,000.00 16,152,000.00 14,633,000.00 9,116,000.00 9,140,000.00 9,214,000.00 9,231,000.00 9,184,000.00 8,788,000.00 8,796,000.00 10,040,000.00 10,073,000.00 10,235,000.00 10,198,000.00 10,678,000.00
      Other Non-Current Liabilities 3,731,000.00 3,870,000.00 3,721,000.00 3,868,000.00 3,999,000.00 3,899,000.00 4,115,000.00 2,483,000.00 2,577,000.00 2,622,000.00 2,771,000.00 2,942,000.00 2,690,000.00 2,336,000.00 2,436,000.00 2,740,000.00 2,425,000.00 2,779,000.00 2,714,000.00 3,025,000.00
Equity 14,839,000.00 15,014,000.00 14,198,000.00 18,351,000.00 15,042,000.00 14,079,000.00 11,906,000.00 12,785,000.00 8,502,000.00 8,288,000.00 8,468,000.00 11,802,000.00 7,463,000.00 6,992,000.00 7,430,000.00 10,584,000.00 7,222,000.00 7,120,000.00 6,818,000.00 9,763,000.00
   Shareholders Equity 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Capital Stock 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00 9,000.00
      Share Premium 8,646,000.00 8,338,000.00 8,616,000.00 8,610,000.00 8,588,000.00 8,563,000.00 8,536,000.00 5,535,000.00 5,517,000.00 5,494,000.00 5,494,000.00 5,481,000.00 5,463,000.00 5,441,000.00 5,415,000.00 5,411,000.00 5,384,000.00 5,366,000.00 5,350,000.00 5,345,000.00
      Retained Earnings 12,530,000.00 12,294,000.00 11,895,000.00 11,483,000.00 9,301,000.00 8,854,000.00 6,860,000.00 6,591,000.00 6,486,000.00 6,129,000.00 6,239,000.00 5,866,000.00 5,876,000.00 4,564,000.00 4,244,000.00 2,865,000.00 2,774,000.00 2,305,000.00 2,027,000.00 1,643,000.00
      Treasury Shares 6,311,000.00 5,522,000.00 5,188,000.00 3,915,000.00 2,403,000.00 1,972,000.00 1,972,000.00 1,972,000.00 1,972,000.00 1,972,000.00 1,972,000.00 1,910,000.00 1,791,000.00 1,543,000.00 1,270,000.00 529,000.00 276,000.00 130,000.00 38,000.00 0
      Accumulated Other Comprehensive Income -365,000.00 -413,000.00 -1,473,000.00 -2,106,000.00 -802,000.00 -1,686,000.00 -1,872,000.00 -1,486,000.00 -1,856,000.00 -1,691,000.00 -1,636,000.00 -1,688,000.00 -2,405,000.00 -1,775,000.00 -1,297,000.00 -989,000.00 -991,000.00 -794,000.00 -859,000.00 -745,000.00
   Minority Interest 330,000.00 308,000.00 339,000.00 314,000.00 349,000.00 311,000.00 345,000.00 328,000.00 318,000.00 319,000.00 334,000.00 318,000.00 311,000.00 296,000.00 329,000.00 327,000.00 322,000.00 364,000.00 329,000.00 326,000.00
Investments 1,381,000.00 1,353,000.00 1,253,000.00 1,194,000.00 1,287,000.00 1,221,000.00 1,155,000.00 1,140,000.00 1,166,000.00 1,139,000.00 1,103,000.00 1,148,000.00 1,151,000.00 1,671,000.00 1,638,000.00 1,593,000.00 1,619,000.00 1,572,000.00 1,530,000.00 1,513,000.00
Debt 12,340,000.00 11,887,000.00 11,621,000.00 12,710,000.00 12,877,000.00 13,823,000.00 17,400,000.00 14,684,000.00 9,250,000.00 9,274,000.00 9,356,000.00 9,371,000.00 9,403,000.00 9,057,000.00 9,052,000.00 10,223,000.00 10,203,000.00 10,360,000.00 10,351,000.00 10,869,000.00
Net Debt 10,917,000.00 10,090,000.00 9,923,000.00 8,741,000.00 10,652,000.00 10,904,000.00 16,087,000.00 4,669,000.00 5,348,000.00 6,065,000.00 6,009,000.00 5,851,000.00 6,418,000.00 6,040,000.00 5,448,000.00 7,236,000.00 7,532,000.00 7,730,000.00 7,752,000.00 7,754,000.00
Common Shares Outstanding 0 0 0 878,337.68 0 0 0 839,910.28 0 0 0 834,664.97 0 0 0 863,039.10 0 0 0 867,829.12
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 16,910,000.00 11,331,000.00 5,218,000.00 -14,249,000.00 17,364,000.00 13,126,000.00 6,312,000.00 -11,672,000.00 17,364,000.00 11,509,000.00 5,389,000.00 -9,625,000.00 15,642,000.00 10,080,000.00 4,764,000.00 -9,883,000.00 15,781,000.00 10,339,000.00 4,795,000.00
Cost Of Revenue 35,581,000.00 23,591,000.00 10,956,000.00 39,560,000.00 12,879,000.00 9,402,000.00 4,532,000.00 -8,406,000.00 12,206,000.00 8,234,000.00 3,895,000.00 -6,628,000.00 11,099,000.00 7,125,000.00 3,361,000.00 -6,664,000.00 10,866,000.00 7,126,000.00 3,305,000.00
Gross Profit -18,671,000.00 -12,260,000.00 -5,738,000.00 -53,809,000.00 4,485,000.00 3,724,000.00 1,780,000.00 -3,266,000.00 5,158,000.00 3,275,000.00 1,494,000.00 -2,997,000.00 4,543,000.00 2,955,000.00 1,403,000.00 -3,219,000.00 4,915,000.00 3,213,000.00 1,490,000.00
Operating Expenses -26,740,000.00 -18,060,000.00 -8,153,000.00 -41,663,000.00 -1,435,000.00 -9,138,000.00 101,000.00 142,000.00 -587,000.00 -146,000.00 -252,000.00 8,689,000.00 -7,854,000.00 -4,818,000.00 -3,866,000.00 1,317,000.00 -1,809,000.00 -981,000.00 -294,000.00
   Selling, General and Administrative Expenses 6,657,000.00 4,388,000.00 2,105,000.00 3,939,000.00 2,394,000.00 1,960,000.00 985,000.00 -1,265,000.00 2,336,000.00 1,505,000.00 721,000.00 -1,143,000.00 1,839,000.00 1,215,000.00 601,000.00 -1,483,000.00 2,304,000.00 1,556,000.00 743,000.00
   Research and Development Expenses 1,283,000.00 866,000.00 423,000.00 832,000.00 524,000.00 411,000.00 224,000.00 -259,000.00 447,000.00 290,000.00 139,000.00 -223,000.00 390,000.00 247,000.00 125,000.00 -233,000.00 369,000.00 246,000.00 121,000.00
   Other Operating Expenses -34,680,000.00 -23,314,000.00 -10,681,000.00 -46,434,000.00 -4,353,000.00 -11,509,000.00 -1,108,000.00 1,666,000.00 -3,370,000.00 -1,941,000.00 -1,112,000.00 10,055,000.00 -10,083,000.00 -6,280,000.00 -4,592,000.00 3,033,000.00 -4,482,000.00 -2,783,000.00 -1,158,000.00
Operating Income 8,069,000.00 5,800,000.00 2,415,000.00 -12,146,000.00 5,920,000.00 12,862,000.00 1,679,000.00 -3,408,000.00 5,745,000.00 3,421,000.00 1,746,000.00 -11,686,000.00 12,397,000.00 7,773,000.00 5,269,000.00 -4,536,000.00 6,724,000.00 4,194,000.00 1,784,000.00
Net Non-Operating Income -6,276,000.00 -4,440,000.00 -1,867,000.00 8,645,000.00 -4,339,000.00 -9,003,000.00 -1,344,000.00 2,527,000.00 -4,220,000.00 -2,490,000.00 -1,237,000.00 7,930,000.00 -8,482,000.00 -5,328,000.00 -3,581,000.00 3,218,000.00 -4,729,000.00 -2,967,000.00 -1,288,000.00
Interest Income 0 0 0 209,000.00 0 0 0 151,000.00 0 0 0 83,000.00 0 0 0 13,000.00 0 0 0
Interest Expense 270,000.00 173,000.00 82,000.00 -206,000.00 290,000.00 331,000.00 165,000.00 39,000.00 164,000.00 113,000.00 46,000.00 -20,000.00 165,000.00 109,000.00 48,000.00 -176,000.00 238,000.00 164,000.00 93,000.00
Net Interest -270,000.00 -173,000.00 -82,000.00 415,000.00 -290,000.00 -331,000.00 -165,000.00 112,000.00 -164,000.00 -113,000.00 -46,000.00 103,000.00 -165,000.00 -109,000.00 -48,000.00 189,000.00 -238,000.00 -164,000.00 -93,000.00
EBT 1,793,000.00 1,360,000.00 548,000.00 -3,501,000.00 1,581,000.00 3,859,000.00 335,000.00 -881,000.00 1,525,000.00 931,000.00 509,000.00 -3,756,000.00 3,915,000.00 2,445,000.00 1,688,000.00 -1,318,000.00 1,995,000.00 1,227,000.00 496,000.00
Income Tax 272,000.00 273,000.00 111,000.00 -524,000.00 339,000.00 1,201,000.00 46,000.00 -313,000.00 524,000.00 311,000.00 122,000.00 -673,000.00 609,000.00 471,000.00 301,000.00 -369,000.00 626,000.00 338,000.00 104,000.00
Equity Method Investments Income 548,000.00 366,000.00 132,000.00 354,000.00 187,000.00 121,000.00 31,000.00 -100,000.00 171,000.00 96,000.00 44,000.00 -177,000.00 222,000.00 159,000.00 58,000.00 -115,000.00 201,000.00 125,000.00 38,000.00
Net Income Including Non-Controlling Interests 1,337,000.00 936,000.00 387,000.00 -270,000.00 2,967,000.00 2,554,000.00 249,000.00 -482,000.00 857,000.00 524,000.00 359,000.00 -3,039,000.00 3,222,000.00 1,930,000.00 1,371,000.00 -913,000.00 1,311,000.00 853,000.00 376,000.00
Net Income Non-Controlling Interests 94,000.00 67,000.00 25,000.00 -54,000.00 86,000.00 52,000.00 20,000.00 -43,000.00 72,000.00 48,000.00 14,000.00 -22,000.00 42,000.00 22,000.00 8,000.00 -18,000.00 29,000.00 18,000.00 8,000.00
Net Income 1,431,000.00 1,003,000.00 412,000.00 -324,000.00 3,053,000.00 2,606,000.00 269,000.00 -525,000.00 929,000.00 572,000.00 373,000.00 -3,061,000.00 3,264,000.00 1,952,000.00 1,379,000.00 -931,000.00 1,340,000.00 871,000.00 384,000.00
EBIT 2,063,000.00 1,533,000.00 630,000.00 -3,707,000.00 1,871,000.00 4,190,000.00 500,000.00 -842,000.00 1,689,000.00 1,044,000.00 555,000.00 -3,776,000.00 4,080,000.00 2,554,000.00 1,736,000.00 -1,494,000.00 2,233,000.00 1,391,000.00 589,000.00
Deprecation and Amortization 945,000.00 620,000.00 303,000.00 -621,000.00 914,000.00 625,000.00 314,000.00 -274,000.00 407,000.00 273,000.00 136,000.00 -111,000.00 257,000.00 155,000.00 79,000.00 -164,000.00 251,000.00 168,000.00 83,000.00
EBITDA 3,008,000.00 2,153,000.00 933,000.00 -4,328,000.00 2,785,000.00 4,815,000.00 814,000.00 -1,116,000.00 2,096,000.00 1,317,000.00 691,000.00 -3,887,000.00 4,337,000.00 2,709,000.00 1,815,000.00 -1,658,000.00 2,484,000.00 1,559,000.00 672,000.00
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 856,800.00 860,800.00 866,900.00 892,500.00 900,900.00 900,200.00 899,200.00 842,100.00 836,600.00 835,500.00 835,000.00 824,700.00 846,100.00 849,500.00 853,300.00 863,900.00 868,600.00 869,000.00 869,300.00
Average Shares Outstanding Diluted 867,700.00 872,300.00 878,300.00 905,800.00 914,400.00 913,600.00 913,000.00 855,600.00 852,700.00 851,500.00 852,200.00 838,000.00 864,300.00 868,400.00 874,100.00 890,100.00 890,900.00 890,400.00 889,800.00
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 1,473,000.00 1,132,000.00 483,000.00 -608,000.00 431,000.00 700,000.00 40,000.00 438,000.00 1,545,000.00 504,000.00 120,000.00 1,495,000.00 620,000.00 -170,000.00 -202,000.00 -16,000.00 1,324,000.00 745,000.00 184,000.00
   Operating Net Income 1,525,000.00 1,070,000.00 437,000.00 6,030,000.00 3,139,000.00 2,658,000.00 289,000.00 1,527,000.00 1,001,000.00 620,000.00 387,000.00 1,258,000.00 3,306,000.00 1,974,000.00 1,387,000.00 1,402,000.00 1,369,000.00 889,000.00 392,000.00
   Deprecation and Amortization 945,000.00 620,000.00 303,000.00 -621,000.00 914,000.00 625,000.00 314,000.00 -274,000.00 407,000.00 273,000.00 136,000.00 -111,000.00 257,000.00 155,000.00 79,000.00 -164,000.00 251,000.00 168,000.00 83,000.00
   Deferred Income Tax -316,000.00 -158,000.00 -69,000.00 405,000.00 -296,000.00 -338,000.00 -123,000.00 52,000.00 -151,000.00 -110,000.00 -24,000.00 -48,000.00 -107,000.00 -17,000.00 48,000.00 -174,000.00 69,000.00 33,000.00 -2,000.00
   Share Based Compensation 55,000.00 44,000.00 23,000.00 -48,000.00 76,000.00 48,000.00 22,000.00 -44,000.00 63,000.00 40,000.00 22,000.00 -43,000.00 58,000.00 41,000.00 21,000.00 -27,000.00 60,000.00 40,000.00 19,000.00
   Change in Working Capital 1,188,000.00 1,492,000.00 1,144,000.00 -1,616,000.00 -199,000.00 1,501,000.00 149,000.00 -1,676,000.00 985,000.00 767,000.00 410,000.00 -3,038,000.00 1,343,000.00 1,300,000.00 911,000.00 -1,380,000.00 1,259,000.00 976,000.00 588,000.00
   Other Operating Activities -1,924,000.00 -1,936,000.00 -1,355,000.00 -4,758,000.00 -3,203,000.00 -3,794,000.00 -611,000.00 853,000.00 -760,000.00 -1,086,000.00 -811,000.00 3,477,000.00 -4,237,000.00 -3,623,000.00 -2,648,000.00 327,000.00 -1,684,000.00 -1,361,000.00 -896,000.00
Investing Cash Flow -394,000.00 -156,000.00 -46,000.00 23,532,000.00 -10,228,000.00 -6,273,000.00 -11,081,000.00 167,000.00 -431,000.00 -296,000.00 -100,000.00 -5,765,000.00 2,045,000.00 2,645,000.00 2,820,000.00 84,000.00 -426,000.00 -301,000.00 -49,000.00
   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 261,000.00 144,000.00 63,000.00 -102,000.00 302,000.00 215,000.00 104,000.00 19,000.00 236,000.00 144,000.00 70,000.00 -38,000.00 213,000.00 122,000.00 56,000.00 -47,000.00 206,000.00 132,000.00 53,000.00
   Net Purchase/Sale of Investments Net 7,000.00 3,000.00 -1,000.00 50,000.00 -31,000.00 -29,000.00 -4,000.00 18,000.00 -20,000.00 -16,000.00 -5,000.00 0 12,000.00 16,000.00 18,000.00 7,000.00 -9,000.00 -3,000.00 -2,000.00
   Net Purchase/Sale of Business 100,000.00 69,000.00 20,000.00 -14,877,000.00 10,873,000.00 15,656,000.00 10,772,000.00 -214,000.00 257,000.00 226,000.00 87,000.00 -5,518,000.00 3,459,000.00 3,020,000.00 2,953,000.00 -33,000.00 431,000.00 335,000.00 6,000.00
   Other Investing Activities -762,000.00 -372,000.00 -128,000.00 38,461,000.00 -21,372,000.00 -22,115,000.00 -21,953,000.00 344,000.00 -904,000.00 -650,000.00 -252,000.00 -163,000.00 -1,639,000.00 -513,000.00 -207,000.00 157,000.00 -1,054,000.00 -765,000.00 -106,000.00
Financing Cash Flow -3,885,000.00 -3,294,000.00 -2,747,000.00 -2,673,000.00 -2,961,000.00 -1,406,000.00 2,379,000.00 6,019,000.00 -688,000.00 -506,000.00 -213,000.00 4,107,000.00 -2,584,000.00 -2,434,000.00 -2,020,000.00 1,204,000.00 -1,225,000.00 -898,000.00 -643,000.00
   Net Issuance/Repayment of Debt 1,650,000.00 1,176,000.00 1,171,000.00 -7,036,000.00 7,200,000.00 6,123,000.00 2,587,000.00 5,791,000.00 23,000.00 17,000.00 24,000.00 -2,098,000.00 1,578,000.00 1,159,000.00 1,126,000.00 -1,481,000.00 1,075,000.00 820,000.00 748,000.00
   Net Issuance/Repurchase of Equity 2,413,000.00 1,628,000.00 1,288,000.00 1,513,000.00 431,000.00 0 0 -124,000.00 62,000.00 62,000.00 62,000.00 -1,629,000.00 1,261,000.00 1,014,000.00 734,000.00 86,000.00 275,000.00 130,000.00 36,000.00
   Dividends Paid 664,000.00 399,000.00 198,000.00 -390,000.00 586,000.00 397,000.00 161,000.00 -337,000.00 511,000.00 350,000.00 154,000.00 -259,000.00 406,000.00 279,000.00 129,000.00 -234,000.00 345,000.00 239,000.00 109,000.00
   Other Financing Activities -8,612,000.00 -6,497,000.00 -5,404,000.00 3,240,000.00 -11,178,000.00 -7,926,000.00 -369,000.00 689,000.00 -1,284,000.00 -935,000.00 -453,000.00 8,093,000.00 -5,829,000.00 -4,886,000.00 -4,009,000.00 2,833,000.00 -2,920,000.00 -2,087,000.00 -1,536,000.00
Net Change in Cash -2,546,000.00 -2,172,000.00 -2,270,000.00 17,241,000.00 -7,651,000.00 -7,061,000.00 -8,730,000.00 6,750,000.00 381,000.00 -311,000.00 -173,000.00 -62,000.00 -34,000.00 0.00 597,000.00 1,282,000.00 -342,000.00 -456,000.00 -517,000.00
   Cash at Beginning of Period 3,972,000.00 3,972,000.00 3,972,000.00 -13,269,000.00 9,890,000.00 9,983,000.00 10,047,000.00 3,267,000.00 3,527,000.00 3,527,000.00 3,527,000.00 3,589,000.00 3,025,000.00 3,025,000.00 3,025,000.00 1,744,000.00 3,046,000.00 3,120,000.00 3,120,000.00
   Cash at End of Period 1,426,000.00 1,800,000.00 1,702,000.00 3,972,000.00 2,239,000.00 2,922,000.00 1,317,000.00 10,017,000.00 3,908,000.00 3,216,000.00 3,354,000.00 3,527,000.00 2,991,000.00 3,025,000.00 3,622,000.00 3,026,000.00 2,704,000.00 2,664,000.00 2,603,000.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0