Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 12.64 10.08 5.18 16.58
Price to Sales 2.59 2.32 1.55 2.33
Book Value Per Common Share 29.34 30.38 25.82 15.44 13.66
Price to Book 2.91 2.62 3.30 4.58
Price to Operating Cash Flow 6.78 5.57 4.49 5.30
Price to Free Cash Flow
Enterprise Value to EBITDA 50468.59 45794.61 26499.58 56185.23
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 14.02 21.85 42.24 17.62 22.39 80.79 13.31 12.49 25.35 7.96 8.72 24.36 56.38 27.96 64.83
Price to Sales 2.83 4.29 7.92 3.56 4.51 10.62 3.29 3.58 7.07 2.31 2.86 7.50 3.01 4.20 9.31
Book Value Per Common Share 29.53 29.93 28.35 29.34 28.40 29.50 29.00 30.38 29.44 29.70 27.79 25.82 21.61 22.02 19.19 15.44 13.65 15.08 14.09 13.66
Price to Book 3.04 3.07 2.76 2.91 3.02 2.51 2.87 2.62 2.91 2.34 2.61 3.30 4.45 3.89 5.37 4.58 4.09 3.41 3.22
Price to Operating Cash Flow 6.66 13.28 22.48 8.48 14.91 35.08 7.32 8.18 15.02 6.05 7.84 15.46 8.63 15.68 16.87
Price to Free Cash Flow
Enterprise Value to EBITDA 59655.21 93638.66 185581.39 74480.10 92826.47 264582.04 64931.26 65784.05 133545.36 40701.57 45787.33 113090.08 96300.83 97467.93 219156.82

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY -14.45 -52.04 285.25 188.51
Revenue YoY -10.48 -40.72 71.09 58.54
EBITDA YoY -12.09 -48.05 140.50 70.47
Net Profit YoY -20.13 -54.42 264.89 189.27
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 52.02 127.57 47.13 221.36 15.83 94.41 22.99 132.39 4229900.00 -46.20 162.86
Revenue YoY 46.69 113.65 45.04 106.94 33.62 88.22 37.09 118.17 51.67 151.53
EBITDA YoY 51.57 129.44 42.56 150.51 24.49 93.62 24.60 105.26 9.86 155.28
Net Profit YoY 50.57 123.72 44.95 216.49 15.09 94.11 21.39 131.94 462.42 -46.60 162.91

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 8.95 10.51 11.43 7.57 3.18
Quick Ratio 2.47 3.17 2.92 1.48 1.05
Current Ratio 3.08 3.81 3.69 1.81 1.51
Debt to Equity -0.33 -0.36 -0.36 -0.19 -0.15
Long-Term Debt to Equity -0.37 -0.40 -0.41 -0.28 -0.21
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 12.61 11.76 8.34 9.50 10.26 9.83 9.45 10.80 16.74 16.47 14.40 11.88 10.66 11.37 12.55 7.84 3.52 3.61 3.74 3.19
Quick Ratio 2.04 3.06 2.12 2.47 2.33 3.94 3.34 3.17 3.96 5.80 3.84 2.92 2.11 2.82 1.48 1.48 1.13 1.83 1.21 1.05
Current Ratio 2.27 3.22 2.59 3.08 2.81 4.70 3.94 3.81 4.52 6.55 4.46 3.69 2.66 3.41 1.72 1.81 1.79 2.44 1.67 1.51
Debt to Equity -0.25 -0.31 -0.30 -0.33 -0.33 -0.36 -0.35 -0.36 -0.39 -0.41 -0.38 -0.36 -0.29 -0.32 -0.21 -0.19 -0.17 -0.21 -0.16 -0.15
Long-Term Debt to Equity -0.32 -0.35 -0.35 -0.37 -0.38 -0.39 -0.39 -0.40 -0.43 -0.43 -0.42 -0.41 -0.36 -0.37 -0.34 -0.28 -0.24 -0.25 -0.23 -0.21

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 9.05 10.61 25.13 7.41 2.64
ROE 6.04 6.79 16.12 6.00 2.24
Gross Margin 34.64 38.38 52.40 36.51 19.42
Operating Margin 31.72 36.16 48.62 26.41 15.57
EBITDA Margin 48.38 49.27 56.22 40.00 37.20
Net Profit Margin 20.52 23.00 29.91 14.03 7.69
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 7.13 4.92 2.34 6.43 4.46 1.40 9.24 8.03 4.18 18.72 15.26 6.41 1.80 3.31 1.26
ROE 5.31 3.42 1.63 4.31 2.83 0.91 5.60 4.76 2.59 13.34 10.44 5.04 1.50 2.62 1.05
Gross Margin 37.59 37.35 34.40 34.72 35.77 27.82 40.40 44.02 42.89 53.68 58.96 59.21 30.82 30.05 27.58
Operating Margin 33.60 32.23 28.50 31.80 32.97 22.93 38.08 43.17 42.69 49.08 55.47 59.03 14.96 26.14 23.00
EBITDA Margin 47.37 45.85 42.69 47.76 48.59 40.14 50.73 54.45 52.93 56.68 62.36 66.28 31.22 43.10 42.46
Net Profit Margin 20.17 19.65 18.76 20.17 20.18 13.20 24.72 28.70 27.83 28.98 32.73 30.79 5.30 15.06 14.41

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 13,466,000.00 14,376,000.00 13,313,000.00 12,375,000.00 12,023,000.00
   Current Assets 2,520,000.00 3,050,000.00 3,673,000.00 2,593,000.00 1,367,000.00
      Cash and Short-Term Investments 1,614,000.00 2,032,000.00 2,323,000.00 1,628,000.00 683,000.00
            Cash and Cash Equivalents 1,614,000.00 2,032,000.00 2,323,000.00 1,628,000.00 683,000.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 404,000.00 505,000.00 582,000.00 497,000.00 265,000.00
      Inventory 314,000.00 299,000.00 474,000.00 408,000.00 287,000.00
      Other Current Assets 188,000.00 214,000.00 294,000.00 60,000.00 132,000.00
   Non-Current Assets 10,946,000.00 11,326,000.00 9,640,000.00 9,782,000.00 10,656,000.00
      Property, Plant, Equipment Net 14,299,000.00 15,144,000.00 13,753,000.00 15,275,000.00 16,628,000.00
      Goodwill 2,492,000.00 2,495,000.00 2,089,000.00 2,091,000.00 2,374,000.00
      Intangible Assets 507,000.00 538,000.00 50,000.00 115,000.00 165,000.00
      Long-Term Investments 29,000.00 26,000.00 74,000.00 82,000.00 80,000.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets -6,381,000.00 -6,877,000.00 -6,326,000.00 -7,781,000.00 -8,591,000.00
Liabilities -6,703,000.00 -8,087,000.00 -7,444,000.00 -2,903,000.00 -2,105,000.00
   Current Liabilities 818,000.00 800,000.00 995,000.00 1,432,000.00 906,000.00
      Payables and Expenses 603,000.00 520,000.00 575,000.00 565,000.00 424,000.00
            Account Payables 125,000.00 114,000.00 200,000.00 168,000.00 106,000.00
            Current Accrued Liabilities 2,000.00 12,000.00 3,000.00 24,000.00 0
      Short-Term Debt 86,000.00 96,000.00 93,000.00 89,000.00 337,000.00
      Other Current Liabilities 129,000.00 184,000.00 327,000.00 778,000.00 145,000.00
   Non-Current Liabilities -7,521,000.00 -8,887,000.00 -8,439,000.00 -4,335,000.00 -3,011,000.00
      Long-Term Debt 3,160,000.00 3,136,000.00 3,132,000.00 3,627,000.00 3,886,000.00
      Other Non-Current Liabilities -10,681,000.00 -12,023,000.00 -11,571,000.00 -7,962,000.00 -6,897,000.00
Equity 20,169,000.00 22,463,000.00 20,757,000.00 15,278,000.00 14,128,000.00
   Shareholders Equity 4,985,000.00 5,717,000.00 5,051,000.00 3,206,000.00 2,922,000.00
      Capital Stock 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00
      Share Premium 1,284,000.00 1,389,000.00 1,412,000.00 1,375,000.00 1,317,000.00
      Retained Earnings 4,009,000.00 4,535,000.00 3,867,000.00 2,088,000.00 1,927,000.00
      Treasury Shares 30,000.00 0 0 2,000.00 4,000.00
      Accumulated Other Comprehensive Income -840,000.00 -627,000.00 -690,000.00 -771,000.00 -960,000.00
   Minority Interest 2,607,000.00 2,656,000.00 2,802,000.00 2,830,000.00 2,681,000.00
Investments 29,000.00 26,000.00 74,000.00 82,000.00 80,000.00
Debt 3,246,000.00 3,232,000.00 3,225,000.00 3,716,000.00 4,223,000.00
Net Debt 1,632,000.00 1,200,000.00 902,000.00 2,088,000.00 3,540,000.00
Common Shares Outstanding 169,882.99 188,188.40 195,604.40 207,575.98 213,954.86
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 5,936,000.00 6,631,000.00 11,186,000.00 6,538,000.00 4,124,000.00
Cost Of Revenue 3,880,000.00 4,086,000.00 5,325,000.00 4,151,000.00 3,323,000.00
Gross Profit 2,056,000.00 2,545,000.00 5,861,000.00 2,387,000.00 801,000.00
Operating Expenses 310,000.00 315,000.00 464,000.00 658,000.00 178,000.00
   Selling, General and Administrative Expenses 320,000.00 289,000.00 290,000.00 223,000.00 206,000.00
   Other Operating Expenses -10,000.00 26,000.00 174,000.00 435,000.00 -28,000.00
Operating Income 1,746,000.00 2,230,000.00 5,397,000.00 1,729,000.00 623,000.00
Net Non-Operating Income 16,000.00 18,000.00 -302,000.00 -186,000.00 -160,000.00
Interest Expense 121,000.00 150,000.00 344,000.00 184,000.00 179,000.00
EBT 1,762,000.00 2,248,000.00 5,095,000.00 1,543,000.00 463,000.00
Income Tax 285,000.00 410,000.00 1,158,000.00 283,000.00 13,000.00
Net Income Including Non-Controlling Interests 959,000.00 1,212,000.00 2,755,000.00 574,000.00 202,000.00
Net Income Non-Controlling Interests 259,000.00 313,000.00 591,000.00 343,000.00 115,000.00
Net Income 1,218,000.00 1,525,000.00 3,346,000.00 917,000.00 317,000.00
EBIT 1,883,000.00 2,398,000.00 5,439,000.00 1,727,000.00 642,000.00
Deprecation and Amortization 989,000.00 869,000.00 850,000.00 888,000.00 892,000.00
EBITDA 2,872,000.00 3,267,000.00 6,289,000.00 2,615,000.00 1,534,000.00
EPS 0.01 0.01 0.02 0.00 0.00
Diluted EPS 0.01 0.01 0.02 0.00 0.00
Average Shares Outstanding Basic 180,400.00 193,300.00 203,300.00 215,000.00 214,900.00
Average Shares Outstanding Diluted 180,700.00 193,800.00 204,200.00 216,200.00 215,200.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 2,271,000.00 2,757,000.00 3,855,000.00 2,873,000.00 1,231,000.00
   Operating Net Income 4,172,000.00 5,201,000.00 11,220,000.00 3,437,000.00 1,181,000.00
   Deprecation and Amortization 989,000.00 869,000.00 850,000.00 888,000.00 892,000.00
   Deferred Income Tax -115,000.00 81,000.00 -107,000.00 -196,000.00 -74,000.00
   Share Based Compensation 36,000.00 37,000.00 41,000.00 30,000.00 25,000.00
   Change in Working Capital -15,000.00 -484,000.00 -494,000.00 1,164,000.00 -4,000.00
   Other Operating Activities -2,796,000.00 -2,947,000.00 -7,655,000.00 -2,450,000.00 -789,000.00
Investing Cash Flow -469,000.00 -1,679,000.00 -440,000.00 -466,000.00 -299,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 521,000.00 500,000.00 454,000.00 515,000.00 311,000.00
   Net Purchase/Sale of Investments Net 2,000.00 -4,000.00 1,000.00 13,000.00 0
   Net Purchase/Sale of Business -2,000.00 1,223,000.00 0 0 0
   Other Investing Activities -990,000.00 -3,398,000.00 -895,000.00 -994,000.00 -610,000.00
Financing Cash Flow -2,205,000.00 -1,372,000.00 -2,700,000.00 -1,463,000.00 -542,000.00
   Net Issuance/Repayment of Debt 0 0 507,000.00 518,000.00 500,000.00
   Net Issuance/Repurchase of Equity 1,513,000.00 584,000.00 1,559,000.00 667,000.00 113,000.00
   Dividends Paid 672,000.00 770,000.00 925,000.00 454,000.00 432,000.00
   Other Financing Activities -4,390,000.00 -2,726,000.00 -5,691,000.00 -3,102,000.00 -1,587,000.00
Net Change in Cash -418,000.00 -291,000.00 695,000.00 945,000.00 396,000.00
   Cash at Beginning of Period 2,032,000.00 2,323,000.00 1,628,000.00 683,000.00 287,000.00
   Cash at End of Period 1,614,000.00 2,032,000.00 2,323,000.00 1,628,000.00 683,000.00
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 14,737,000.00 14,179,000.00 13,308,000.00 13,466,000.00 13,843,000.00 13,775,000.00 13,861,000.00 14,376,000.00 13,543,000.00 13,537,000.00 13,398,000.00 13,313,000.00 13,280,000.00 13,423,000.00 13,782,000.00 12,375,000.00 11,766,000.00 12,007,000.00 12,011,000.00 12,023,000.00
   Current Assets 2,978,000.00 2,676,000.00 2,433,000.00 2,520,000.00 2,850,000.00 2,801,000.00 2,719,000.00 3,050,000.00 4,190,000.00 4,072,000.00 3,848,000.00 3,673,000.00 3,680,000.00 3,738,000.00 3,826,000.00 2,593,000.00 1,814,000.00 1,569,000.00 1,489,000.00 1,367,000.00
      Cash and Short-Term Investments 2,071,000.00 1,950,000.00 1,406,000.00 1,614,000.00 1,877,000.00 1,819,000.00 1,773,000.00 2,032,000.00 3,254,000.00 3,219,000.00 2,825,000.00 2,323,000.00 2,192,000.00 2,370,000.00 2,617,000.00 1,628,000.00 757,000.00 777,000.00 804,000.00 683,000.00
            Cash and Cash Equivalents 2,071,000.00 1,950,000.00 1,406,000.00 1,614,000.00 1,877,000.00 1,819,000.00 1,773,000.00 2,032,000.00 3,254,000.00 3,219,000.00 2,825,000.00 2,323,000.00 2,192,000.00 2,370,000.00 2,617,000.00 1,628,000.00 757,000.00 777,000.00 804,000.00 683,000.00
            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 602,000.00 586,000.00 582,000.00 404,000.00 482,000.00 531,000.00 535,000.00 505,000.00 417,000.00 388,000.00 482,000.00 582,000.00 721,000.00 724,000.00 679,000.00 497,000.00 386,000.00 401,000.00 271,000.00 265,000.00
      Inventory 367,000.00 316,000.00 351,000.00 314,000.00 301,000.00 302,000.00 271,000.00 299,000.00 318,000.00 319,000.00 430,000.00 474,000.00 500,000.00 497,000.00 488,000.00 408,000.00 418,000.00 290,000.00 379,000.00 287,000.00
      Other Current Assets -62,000.00 -176,000.00 94,000.00 188,000.00 190,000.00 149,000.00 140,000.00 214,000.00 201,000.00 146,000.00 111,000.00 294,000.00 267,000.00 147,000.00 42,000.00 60,000.00 253,000.00 101,000.00 35,000.00 132,000.00
   Non-Current Assets 11,759,000.00 11,503,000.00 10,875,000.00 10,946,000.00 10,993,000.00 10,974,000.00 11,142,000.00 11,326,000.00 9,353,000.00 9,465,000.00 9,550,000.00 9,640,000.00 9,600,000.00 9,685,000.00 9,956,000.00 9,782,000.00 9,952,000.00 10,438,000.00 10,522,000.00 10,656,000.00
      Property, Plant, Equipment Net 7,546,000.00 7,249,000.00 6,918,000.00 14,299,000.00 7,088,000.00 7,071,000.00 7,222,000.00 15,144,000.00 6,433,000.00 6,496,000.00 6,582,000.00 13,753,000.00 6,774,000.00 6,849,000.00 7,142,000.00 15,275,000.00 7,471,000.00 7,665,000.00 7,741,000.00 16,628,000.00
      Goodwill 2,492,000.00 2,493,000.00 2,492,000.00 2,492,000.00 2,493,000.00 2,493,000.00 2,495,000.00 2,495,000.00 2,089,000.00 2,089,000.00 2,089,000.00 2,089,000.00 2,088,000.00 2,090,000.00 2,091,000.00 2,091,000.00 4,263,000.00 2,378,000.00 2,377,000.00 2,374,000.00
      Intangible Assets 480,000.00 488,000.00 499,000.00 507,000.00 515,000.00 522,000.00 532,000.00 538,000.00 0 0 0 50,000.00 50,000.00 101,000.00 113,000.00 115,000.00 134,000.00 168,000.00 166,000.00 165,000.00
      Long-Term Investments 35,000.00 35,000.00 33,000.00 29,000.00 28,000.00 25,000.00 29,000.00 26,000.00 32,000.00 72,000.00 81,000.00 74,000.00 86,000.00 79,000.00 84,000.00 82,000.00 92,000.00 82,000.00 91,000.00 80,000.00
      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 1,206,000.00 1,238,000.00 933,000.00 -6,381,000.00 869,000.00 863,000.00 864,000.00 -6,877,000.00 799,000.00 808,000.00 798,000.00 -6,326,000.00 602,000.00 566,000.00 526,000.00 -7,781,000.00 -2,008,000.00 145,000.00 147,000.00 -8,591,000.00
Liabilities -5,040,000.00 -6,224,000.00 -5,795,000.00 -6,703,000.00 -6,825,000.00 -7,889,000.00 -7,571,000.00 -8,087,000.00 -8,782,000.00 -9,307,000.00 -8,235,000.00 -7,444,000.00 -5,358,000.00 -6,194,000.00 -3,726,000.00 -2,903,000.00 -2,400,000.00 -3,155,000.00 -2,358,000.00 -2,105,000.00
   Current Liabilities 1,310,000.00 830,000.00 939,000.00 818,000.00 1,013,000.00 596,000.00 690,000.00 800,000.00 926,000.00 622,000.00 862,000.00 995,000.00 1,381,000.00 1,097,000.00 2,228,000.00 1,432,000.00 1,015,000.00 643,000.00 891,000.00 906,000.00
      Payables and Expenses 803,000.00 749,000.00 597,000.00 603,000.00 562,000.00 501,000.00 501,000.00 520,000.00 497,000.00 451,000.00 452,000.00 575,000.00 711,000.00 806,000.00 629,000.00 565,000.00 537,000.00 545,000.00 451,000.00 424,000.00
            Account Payables 0 0 0 125,000.00 0 0 0 114,000.00 0 0 0 200,000.00 0 0 0 168,000.00 0 0 0 106,000.00
            Current Accrued Liabilities 1,000.00 18,000.00 2,000.00 2,000.00 3,000.00 0 0 12,000.00 20,000.00 47,000.00 10,000.00 3,000.00 25,000.00 103,000.00 408,000.00 24,000.00 1,000.00 0 5,000.00 0
      Short-Term Debt 108,000.00 98,000.00 92,000.00 86,000.00 86,000.00 78,000.00 77,000.00 96,000.00 101,000.00 100,000.00 104,000.00 93,000.00 96,000.00 87,000.00 587,000.00 89,000.00 93,000.00 83,000.00 88,000.00 337,000.00
      Other Current Liabilities 399,000.00 -17,000.00 250,000.00 129,000.00 365,000.00 17,000.00 112,000.00 184,000.00 328,000.00 71,000.00 306,000.00 327,000.00 574,000.00 204,000.00 1,012,000.00 778,000.00 385,000.00 15,000.00 352,000.00 145,000.00
   Non-Current Liabilities -6,350,000.00 -7,054,000.00 -6,734,000.00 -7,521,000.00 -7,838,000.00 -8,485,000.00 -8,261,000.00 -8,887,000.00 -9,708,000.00 -9,929,000.00 -9,097,000.00 -8,439,000.00 -6,739,000.00 -7,291,000.00 -5,954,000.00 -4,335,000.00 -3,415,000.00 -3,798,000.00 -3,249,000.00 -3,011,000.00
      Long-Term Debt 3,288,000.00 3,228,000.00 3,204,000.00 3,160,000.00 3,164,000.00 3,141,000.00 3,140,000.00 3,136,000.00 3,146,000.00 3,144,000.00 3,148,000.00 3,132,000.00 3,150,000.00 3,111,000.00 3,115,000.00 3,627,000.00 3,640,000.00 3,863,000.00 3,879,000.00 3,886,000.00
      Other Non-Current Liabilities -9,638,000.00 -10,282,000.00 -9,938,000.00 -10,681,000.00 -11,002,000.00 -11,626,000.00 -11,401,000.00 -12,023,000.00 -12,854,000.00 -13,073,000.00 -12,245,000.00 -11,571,000.00 -9,889,000.00 -10,402,000.00 -9,069,000.00 -7,962,000.00 -7,055,000.00 -7,661,000.00 -7,128,000.00 -6,897,000.00
Equity 19,777,000.00 20,403,000.00 19,103,000.00 20,169,000.00 20,668,000.00 21,664,000.00 21,432,000.00 22,463,000.00 22,325,000.00 22,844,000.00 21,633,000.00 20,757,000.00 18,638,000.00 19,617,000.00 17,508,000.00 15,278,000.00 14,166,000.00 15,162,000.00 14,369,000.00 14,128,000.00
   Shareholders Equity 4,849,000.00 4,963,000.00 4,780,000.00 4,985,000.00 5,194,000.00 5,460,000.00 5,440,000.00 5,717,000.00 5,723,000.00 5,804,000.00 5,453,000.00 5,051,000.00 4,444,000.00 4,589,000.00 4,002,000.00 3,206,000.00 2,938,000.00 3,246,000.00 3,029,000.00 2,922,000.00
      Capital Stock 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00
      Share Premium 1,252,000.00 1,239,000.00 1,292,000.00 1,284,000.00 1,351,000.00 1,345,000.00 1,403,000.00 1,389,000.00 1,416,000.00 1,430,000.00 1,424,000.00 1,412,000.00 1,488,000.00 1,474,000.00 1,482,000.00 1,375,000.00 1,370,000.00 1,357,000.00 1,333,000.00 1,317,000.00
      Retained Earnings 4,195,000.00 3,924,000.00 4,208,000.00 4,009,000.00 4,533,000.00 4,360,000.00 4,634,000.00 4,535,000.00 4,681,000.00 4,797,000.00 4,348,000.00 3,867,000.00 4,087,000.00 3,729,000.00 2,907,000.00 2,088,000.00 1,933,000.00 2,183,000.00 2,013,000.00 1,927,000.00
      Treasury Shares 369,000.00 0 451,000.00 30,000.00 483,000.00 15,000.00 374,000.00 0 151,000.00 226,000.00 97,000.00 0 863,000.00 331,000.00 123,000.00 2,000.00 51,000.00 0 14,000.00 4,000.00
      Accumulated Other Comprehensive Income -231,000.00 -202,000.00 -271,000.00 -840,000.00 -627,000.00 -696,000.00 -675,000.00 -627,000.00 -675,000.00 -597,000.00 -672,000.00 -690,000.00 -810,000.00 -855,000.00 -798,000.00 -771,000.00 -948,000.00 -888,000.00 -915,000.00 -960,000.00
   Minority Interest 2,846,000.00 2,858,000.00 2,517,000.00 2,607,000.00 2,543,000.00 2,642,000.00 2,556,000.00 2,656,000.00 2,578,000.00 2,716,000.00 2,637,000.00 2,802,000.00 2,653,000.00 2,925,000.00 2,751,000.00 2,830,000.00 2,676,000.00 2,712,000.00 2,641,000.00 2,681,000.00
Investments 35,000.00 35,000.00 33,000.00 29,000.00 28,000.00 25,000.00 29,000.00 26,000.00 32,000.00 72,000.00 81,000.00 74,000.00 86,000.00 79,000.00 84,000.00 82,000.00 92,000.00 82,000.00 91,000.00 80,000.00
Debt 3,396,000.00 3,326,000.00 3,296,000.00 3,246,000.00 3,250,000.00 3,219,000.00 3,217,000.00 3,232,000.00 3,247,000.00 3,244,000.00 3,252,000.00 3,225,000.00 3,246,000.00 3,198,000.00 3,702,000.00 3,716,000.00 3,733,000.00 3,946,000.00 3,967,000.00 4,223,000.00
Net Debt 1,325,000.00 1,376,000.00 1,890,000.00 1,632,000.00 1,373,000.00 1,400,000.00 1,444,000.00 1,200,000.00 0 25,000.00 427,000.00 902,000.00 1,054,000.00 828,000.00 1,085,000.00 2,088,000.00 2,976,000.00 3,169,000.00 3,163,000.00 3,540,000.00
Common Shares Outstanding 0 0 0 169,882.99 0 0 0 188,188.40 0 0 0 195,604.40 0 0 0 207,575.98 0 0 0 213,954.86
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 5,212,000.00 3,553,000.00 1,663,000.00 -2,988,000.00 4,412,000.00 3,042,000.00 1,470,000.00 -4,228,000.00 5,060,000.00 3,787,000.00 2,012,000.00 -6,517,000.00 8,578,000.00 6,257,000.00 2,868,000.00 -1,144,000.00 3,998,000.00 2,636,000.00 1,048,000.00
Cost Of Revenue 3,253,000.00 2,226,000.00 1,091,000.00 -2,015,000.00 2,880,000.00 1,954,000.00 1,061,000.00 -2,199,000.00 3,016,000.00 2,120,000.00 1,149,000.00 -2,386,000.00 3,973,000.00 2,568,000.00 1,170,000.00 -1,218,000.00 2,766,000.00 1,844,000.00 759,000.00
Gross Profit 1,959,000.00 1,327,000.00 572,000.00 -973,000.00 1,532,000.00 1,088,000.00 409,000.00 -2,029,000.00 2,044,000.00 1,667,000.00 863,000.00 -4,131,000.00 4,605,000.00 3,689,000.00 1,698,000.00 74,000.00 1,232,000.00 792,000.00 289,000.00
Operating Expenses 276,000.00 224,000.00 117,000.00 -170,000.00 227,000.00 147,000.00 106,000.00 -69,000.00 240,000.00 107,000.00 37,000.00 -248,000.00 419,000.00 253,000.00 40,000.00 -111,000.00 632,000.00 95,000.00 42,000.00
   Selling, General and Administrative Expenses 273,000.00 185,000.00 84,000.00 -174,000.00 242,000.00 164,000.00 88,000.00 -143,000.00 213,000.00 145,000.00 74,000.00 -114,000.00 203,000.00 137,000.00 64,000.00 -114,000.00 167,000.00 115,000.00 55,000.00
   Other Operating Expenses 3,000.00 39,000.00 33,000.00 4,000.00 -15,000.00 -17,000.00 18,000.00 74,000.00 27,000.00 -38,000.00 -37,000.00 -134,000.00 216,000.00 116,000.00 -24,000.00 3,000.00 465,000.00 -20,000.00 -13,000.00
Operating Income 1,683,000.00 1,103,000.00 455,000.00 -803,000.00 1,305,000.00 941,000.00 303,000.00 -1,960,000.00 1,804,000.00 1,560,000.00 826,000.00 -3,883,000.00 4,186,000.00 3,436,000.00 1,658,000.00 185,000.00 600,000.00 697,000.00 247,000.00
Net Non-Operating Income -46,000.00 -31,000.00 -18,000.00 7,000.00 24,000.00 -12,000.00 -3,000.00 18,000.00 8,000.00 -1,000.00 -7,000.00 537,000.00 -345,000.00 -288,000.00 -206,000.00 112,000.00 -142,000.00 -102,000.00 -54,000.00
Interest Expense 114,000.00 73,000.00 37,000.00 -64,000.00 74,000.00 74,000.00 37,000.00 -81,000.00 115,000.00 76,000.00 40,000.00 -589,000.00 369,000.00 323,000.00 241,000.00 -98,000.00 140,000.00 94,000.00 48,000.00
EBT 1,637,000.00 1,072,000.00 437,000.00 -796,000.00 1,329,000.00 929,000.00 300,000.00 -1,942,000.00 1,812,000.00 1,559,000.00 819,000.00 -3,346,000.00 3,841,000.00 3,148,000.00 1,452,000.00 297,000.00 458,000.00 595,000.00 193,000.00
Income Tax 334,000.00 229,000.00 86,000.00 -206,000.00 244,000.00 185,000.00 62,000.00 -388,000.00 326,000.00 303,000.00 169,000.00 -914,000.00 913,000.00 758,000.00 401,000.00 105,000.00 57,000.00 103,000.00 18,000.00
Net Income Including Non-Controlling Interests 799,000.00 553,000.00 273,000.00 -370,000.00 695,000.00 484,000.00 150,000.00 -1,192,000.00 1,016,000.00 918,000.00 470,000.00 -1,710,000.00 2,044,000.00 1,706,000.00 715,000.00 122,000.00 23,000.00 302,000.00 127,000.00
Net Income Non-Controlling Interests 252,000.00 145,000.00 39,000.00 -110,000.00 195,000.00 130,000.00 44,000.00 -181,000.00 235,000.00 169,000.00 90,000.00 -361,000.00 442,000.00 342,000.00 168,000.00 35,000.00 189,000.00 95,000.00 24,000.00
Net Income 1,051,000.00 698,000.00 312,000.00 -480,000.00 890,000.00 614,000.00 194,000.00 -1,373,000.00 1,251,000.00 1,087,000.00 560,000.00 -2,071,000.00 2,486,000.00 2,048,000.00 883,000.00 157,000.00 212,000.00 397,000.00 151,000.00
EBIT 1,751,000.00 1,145,000.00 474,000.00 -860,000.00 1,403,000.00 1,003,000.00 337,000.00 -2,023,000.00 1,927,000.00 1,635,000.00 859,000.00 -3,935,000.00 4,210,000.00 3,471,000.00 1,693,000.00 199,000.00 598,000.00 689,000.00 241,000.00
Deprecation and Amortization 718,000.00 484,000.00 236,000.00 -443,000.00 704,000.00 475,000.00 253,000.00 -404,000.00 640,000.00 427,000.00 206,000.00 -441,000.00 652,000.00 431,000.00 208,000.00 -413,000.00 650,000.00 447,000.00 204,000.00
EBITDA 2,469,000.00 1,629,000.00 710,000.00 -1,303,000.00 2,107,000.00 1,478,000.00 590,000.00 -2,427,000.00 2,567,000.00 2,062,000.00 1,065,000.00 -4,376,000.00 4,862,000.00 3,902,000.00 1,901,000.00 -214,000.00 1,248,000.00 1,136,000.00 445,000.00
EPS 0.01 0.00 0.00 -0.00 0.00 0.00 0.00 -0.00 0.01 0.01 0.00 -0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00
Diluted EPS 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 164,200.00 165,800.00 168,600.00 166,000.00 182,900.00 185,100.00 187,600.00 187,200.00 194,400.00 195,400.00 196,200.00 190,600.00 205,600.00 208,400.00 208,600.00 214,600.00 215,300.00 215,200.00 214,900.00
Average Shares Outstanding Diluted 164,300.00 165,900.00 168,800.00 166,100.00 183,100.00 185,500.00 188,100.00 187,500.00 194,900.00 195,900.00 196,900.00 191,000.00 206,500.00 209,400.00 209,900.00 216,100.00 216,400.00 216,300.00 216,000.00
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 2,213,000.00 1,149,000.00 586,000.00 -945,000.00 1,851,000.00 920,000.00 445,000.00 -2,126,000.00 2,277,000.00 1,659,000.00 947,000.00 -3,086,000.00 3,270,000.00 2,280,000.00 1,391,000.00 196,000.00 1,393,000.00 706,000.00 578,000.00
   Operating Net Income 3,657,000.00 2,384,000.00 1,014,000.00 -1,660,000.00 3,060,000.00 2,102,000.00 670,000.00 -4,481,000.00 4,223,000.00 3,599,000.00 1,860,000.00 -6,935,000.00 8,342,000.00 6,828,000.00 2,985,000.00 541,000.00 1,014,000.00 1,381,000.00 501,000.00
   Deprecation and Amortization 718,000.00 484,000.00 236,000.00 -443,000.00 704,000.00 475,000.00 253,000.00 -404,000.00 640,000.00 427,000.00 206,000.00 -441,000.00 652,000.00 431,000.00 208,000.00 -413,000.00 650,000.00 447,000.00 204,000.00
   Deferred Income Tax 13,000.00 -38,000.00 -26,000.00 35,000.00 -69,000.00 -70,000.00 -11,000.00 233,000.00 -73,000.00 -53,000.00 -26,000.00 -98,000.00 -7,000.00 0 -2,000.00 -128,000.00 -25,000.00 -31,000.00 -12,000.00
   Share Based Compensation 35,000.00 22,000.00 10,000.00 -22,000.00 26,000.00 19,000.00 13,000.00 -23,000.00 29,000.00 19,000.00 12,000.00 -23,000.00 32,000.00 22,000.00 10,000.00 -17,000.00 23,000.00 16,000.00 8,000.00
   Change in Working Capital 706,000.00 197,000.00 448,000.00 -263,000.00 239,000.00 -34,000.00 43,000.00 414,000.00 -301,000.00 -530,000.00 -67,000.00 -1,182,000.00 131,000.00 -55,000.00 612,000.00 217,000.00 417,000.00 110,000.00 420,000.00
   Other Operating Activities -2,916,000.00 -1,900,000.00 -1,096,000.00 1,408,000.00 -2,109,000.00 -1,572,000.00 -523,000.00 2,135,000.00 -2,241,000.00 -1,803,000.00 -1,038,000.00 5,593,000.00 -5,880,000.00 -4,946,000.00 -2,422,000.00 -4,000.00 -686,000.00 -1,217,000.00 -543,000.00
Investing Cash Flow -707,000.00 -368,000.00 -126,000.00 38,000.00 -273,000.00 -134,000.00 -100,000.00 -1,247,000.00 -271,000.00 -127,000.00 -34,000.00 51,000.00 -308,000.00 -121,000.00 -62,000.00 170,000.00 -383,000.00 -182,000.00 -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 730,000.00 383,000.00 134,000.00 -80,000.00 321,000.00 182,000.00 98,000.00 -46,000.00 312,000.00 165,000.00 69,000.00 -60,000.00 320,000.00 130,000.00 64,000.00 -119,000.00 382,000.00 181,000.00 71,000.00
   Net Purchase/Sale of Investments Net 0 0 0 0.00 1,000.00 1,000.00 0 -4,000.00 0 0 0 -1,000.00 1,000.00 1,000.00 0 -39,000.00 27,000.00 25,000.00 0
   Net Purchase/Sale of Business 4,000.00 4,000.00 4,000.00 -6,000.00 2,000.00 2,000.00 0 1,223,000.00 0 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities -1,441,000.00 -755,000.00 -264,000.00 124,000.00 -597,000.00 -319,000.00 -198,000.00 -2,420,000.00 -583,000.00 -292,000.00 -103,000.00 112,000.00 -629,000.00 -252,000.00 -126,000.00 328,000.00 -792,000.00 -388,000.00 -142,000.00
Financing Cash Flow -1,295,000.00 -733,000.00 -671,000.00 1,138,000.00 -1,743,000.00 -998,000.00 -602,000.00 747,000.00 -1,070,000.00 -639,000.00 -410,000.00 1,413,000.00 -2,370,000.00 -1,404,000.00 -339,000.00 293,000.00 -936,000.00 -433,000.00 -387,000.00
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0 0 0 0 0 -507,000.00 507,000.00 507,000.00 0 -510,000.00 518,000.00 255,000.00 255,000.00
   Net Issuance/Repurchase of Equity 1,021,000.00 661,000.00 445,000.00 -608,000.00 1,136,000.00 645,000.00 340,000.00 -32,000.00 356,000.00 206,000.00 54,000.00 -516,000.00 1,202,000.00 678,000.00 195,000.00 552,000.00 82,000.00 26,000.00 7,000.00
   Dividends Paid 552,000.00 296,000.00 215,000.00 -487,000.00 586,000.00 332,000.00 241,000.00 -671,000.00 694,000.00 413,000.00 334,000.00 -626,000.00 846,000.00 394,000.00 311,000.00 -258,000.00 389,000.00 194,000.00 129,000.00
   Other Financing Activities -2,868,000.00 -1,690,000.00 -1,331,000.00 2,233,000.00 -3,465,000.00 -1,975,000.00 -1,183,000.00 1,450,000.00 -2,120,000.00 -1,258,000.00 -798,000.00 3,062,000.00 -4,925,000.00 -2,983,000.00 -845,000.00 509,000.00 -1,925,000.00 -908,000.00 -778,000.00
Net Change in Cash 224,000.00 72,000.00 -208,000.00 209,000.00 -155,000.00 -213,000.00 -259,000.00 -2,620,000.00 931,000.00 896,000.00 502,000.00 -1,600,000.00 564,000.00 742,000.00 989,000.00 656,000.00 74,000.00 94,000.00 121,000.00
   Cash at Beginning of Period 1,614,000.00 1,614,000.00 1,614,000.00 1,405,000.00 2,032,000.00 2,032,000.00 2,032,000.00 4,652,000.00 2,323,000.00 2,323,000.00 2,323,000.00 3,923,000.00 1,628,000.00 1,628,000.00 1,628,000.00 972,000.00 683,000.00 683,000.00 683,000.00
   Cash at End of Period 1,838,000.00 1,686,000.00 1,406,000.00 1,614,000.00 1,877,000.00 1,819,000.00 1,773,000.00 2,032,000.00 3,254,000.00 3,219,000.00 2,825,000.00 2,323,000.00 2,192,000.00 2,370,000.00 2,617,000.00 1,628,000.00 757,000.00 777,000.00 804,000.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0