Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 9.65 12.73 10.83 25.73
Price to Sales 0.89 1.06 1.01 2.32
Book Value Per Common Share 108.95 74.30 56.46 76.50 117.08
Price to Book 3.15 5.23 6.01 8.52
Price to Operating Cash Flow 3.76 4.44 4.00 7.41
Price to Free Cash Flow
Enterprise Value to EBITDA 17489.12 21627.93 19912.32 47144.44
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31
Price to Earnings 10.37 22.71 42.90 12.85 18.41 37.94 18.88 24.67 53.06 12.90 29.32 77.38 44.55 74.45 146.21
Price to Sales 0.92 2.08 3.80 1.13 1.57 3.07 1.62 2.03 3.97 1.23 2.93 7.05 3.52 5.37 9.43
Book Value Per Common Share 111.30 115.87 114.75 98.33 89.49 82.17 73.90 69.38 62.19 54.14 59.03 70.66 91.37 102.53 109.70
Price to Book 2.47 3.53 3.21 3.30 3.34 3.54 5.95 5.29 5.75 5.60 7.94 7.72 7.96 7.04 5.62
Price to Operating Cash Flow 3.08 7.30 12.32 4.24 6.09 13.08 6.24 8.35 16.30 4.47 10.62 25.53 11.29 17.56 31.49
Price to Free Cash Flow
Enterprise Value to EBITDA 24024.97 53838.01 98919.59 29200.64 40676.71 80291.98 42355.20 53495.86 107727.96 31734.36 73742.99 183024.89 94188.23 145444.45 258954.03

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 16.34 -2.43 23.52 59.87
Revenue YoY 0.88 1.08 4.53 7.45
EBITDA YoY 4.57 -2.50 8.29 17.47
Net Profit YoY 11.54 -9.85 8.62 44.44
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31
Earning YoY 47.33 109.55 55.36 112.01 56.48 120.92 47.12 126.67 68.52 129.62
Revenue YoY 49.71 100.23 50.41 100.04 49.74 100.04 50.56 103.02 51.91 102.24
EBITDA YoY 48.59 101.36 50.43 102.22 50.61 105.95 47.62 109.00 53.86 105.17
Net Profit YoY 45.15 106.90 54.77 111.30 55.93 119.78 44.32 122.28 66.61 126.39

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 3.21 4.75 3.99 3.27 4.91
Quick Ratio 0.26 0.27 0.29 0.29 0.32
Current Ratio 0.30 0.31 0.33 0.29 0.39
Debt to Equity 2.37 3.39 4.06 2.49 1.21
Long-Term Debt to Equity 2.12 3.06 3.71 2.25 1.09
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31
Cash Per Common Share 3.37 4.33 5.62 5.03 4.18 4.57 3.80 3.17 3.53 2.92 2.89 14.24 2.50 9.07 4.03
Quick Ratio 0.41 0.37 0.38 0.35 0.41 0.40 0.33 0.33 0.33 0.33 0.33 0.38 0.29 0.46 0.35
Current Ratio 0.37 0.33 0.36 0.34 0.39 0.40 0.33 0.33 0.33 0.32 0.33 0.40 0.29 0.47 0.37
Debt to Equity 1.80 1.66 1.63 1.98 2.21 2.44 2.61 2.78 3.11 3.28 2.88 2.28 1.37 1.13 0.90
Long-Term Debt to Equity 1.57 1.41 1.40 1.71 1.98 2.18 2.30 2.47 2.77 2.93 2.57 1.96 1.17 0.98 0.77

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 2.74 2.56 2.92 2.64 1.73
ROE 9.24 11.25 14.77 9.24 3.82
Gross Margin
Operating Margin 35.17 33.19 34.44 31.07 24.79
EBITDA Margin 50.91 49.11 50.92 49.15 44.96
Net Profit Margin 9.23 8.35 9.36 9.01 6.70
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 2.39 1.66 0.81 2.42 1.57 0.75 2.39 1.54 0.70 2.69 1.87 0.84 2.14 1.27 0.56
ROE 6.70 4.42 2.12 7.20 5.05 2.57 8.62 5.83 2.90 11.49 7.25 2.74 5.07 2.71 1.07
Gross Margin
Operating Margin 22.51 22.79 22.53 22.87 22.73 22.24 22.22 21.88 20.67 22.27 22.76 21.17 19.06 18.02 16.93
EBITDA Margin 38.34 38.63 38.41 38.67 38.66 38.25 38.14 37.91 36.83 38.91 39.68 38.55 37.43 36.95 36.42
Net Profit Margin 8.88 9.16 8.86 8.79 8.54 8.09 8.56 8.22 7.48 9.56 9.98 9.11 7.91 7.21 6.44

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Dividend Yield
Dividend Payout Ratio
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 185,564,000.00 178,053,000.00 173,305,000.00 175,962,000.00 186,344,000.00
   Current Assets 4,233,000.00 4,132,000.00 4,017,000.00 3,571,000.00 3,906,000.00
      Cash and Short-Term Investments 459,000.00 709,000.00 645,000.00 601,000.00 998,000.00
            Cash and Cash Equivalents 459,000.00 709,000.00 645,000.00 601,000.00 998,000.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 3,097,000.00 2,965,000.00 2,921,000.00 2,971,000.00 2,202,000.00
      Inventory 0 0 0 0 0
      Other Current Assets 677,000.00 458,000.00 451,000.00 -1,000.00 706,000.00
   Non-Current Assets 181,331,000.00 173,921,000.00 169,288,000.00 172,391,000.00 182,438,000.00
      Property, Plant, Equipment Net 44,157,000.00 40,790,000.00 37,274,000.00 36,251,000.00 36,061,000.00
      Goodwill 29,674,000.00 29,668,000.00 29,563,000.00 29,562,000.00 29,554,000.00
      Intangible Assets 18,747,000.00 18,718,000.00 18,690,000.00 18,670,000.00 18,650,000.00
      Long-Term Investments 376,000.00 684,000.00 991,000.00 112,000.00 294,000.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 88,377,000.00 84,061,000.00 82,770,000.00 87,796,000.00 97,879,000.00
Liabilities 130,563,000.00 137,531,000.00 139,088,000.00 125,600,000.00 101,977,000.00
   Current Liabilities 13,883,000.00 13,449,000.00 12,203,000.00 12,503,000.00 9,897,000.00
      Payables and Expenses 11,687,000.00 11,214,000.00 10,555,000.00 9,461,000.00 8,867,000.00
            Account Payables 1,208,000.00 1,328,000.00 1,165,000.00 1,099,000.00 1,083,000.00
            Current Accrued Liabilities 1,889,000.00 2,802,000.00 1,440,000.00 1,304,000.00 1,374,000.00
      Short-Term Debt 1,799,000.00 2,000,000.00 1,510,000.00 2,997,000.00 1,008,000.00
      Other Current Liabilities 397,000.00 235,000.00 138,000.00 45,000.00 22,000.00
   Non-Current Liabilities 116,680,000.00 124,082,000.00 126,885,000.00 113,097,000.00 92,080,000.00
      Long-Term Debt 92,134,000.00 95,777,000.00 96,093,000.00 88,564,000.00 81,744,000.00
      Other Non-Current Liabilities 24,546,000.00 28,305,000.00 30,792,000.00 24,533,000.00 10,336,000.00
Equity 55,001,000.00 40,522,000.00 34,217,000.00 50,362,000.00 84,367,000.00
   Shareholders Equity 15,587,000.00 11,086,000.00 9,119,000.00 14,050,000.00 23,805,000.00
      Capital Stock 0 0 0 0 0
      Share Premium 23,337,000.00 23,346,000.00 23,940,000.00 26,725,000.00 29,000,000.00
      Retained Earnings -7,750,000.00 -12,260,000.00 -14,821,000.00 -12,675,000.00 -5,195,000.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0
   Minority Interest 4,120,000.00 3,632,000.00 3,430,000.00 4,106,000.00 6,476,000.00
Investments 518,000.00 833,000.00 1,155,000.00 203,000.00 313,000.00
Debt 93,933,000.00 97,777,000.00 97,603,000.00 94,558,000.00 83,760,000.00
Net Debt 93,474,000.00 97,068,000.00 96,958,000.00 93,957,000.00 82,762,000.00
Common Shares Outstanding 0 0 0 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 55,085,000.00 54,607,000.00 54,022,000.00 51,682,000.00 48,097,000.00
Operating Expenses 33,170,000.00 33,406,000.00 32,880,000.00 31,487,000.00 29,994,000.00
   Selling, General and Administrative Expenses 3,714,000.00 3,653,000.00 3,339,000.00 3,071,000.00 3,031,000.00
   Other Operating Expenses 29,456,000.00 29,753,000.00 29,541,000.00 28,416,000.00 26,963,000.00
Operating Income 13,118,000.00 12,619,000.00 11,962,000.00 10,526,000.00 8,405,000.00
Net Non-Operating Income 1,020,000.00 312,000.00 2,089,000.00 1,501,000.00 -320,000.00
Interest Expense 5,233,000.00 5,192,000.00 4,554,000.00 4,030,000.00 3,836,000.00
Net Interest -5,233,000.00 -5,192,000.00 -4,554,000.00 -4,030,000.00 -3,836,000.00
EBT 14,138,000.00 12,931,000.00 14,051,000.00 12,027,000.00 8,085,000.00
Income Tax 3,202,000.00 3,113,000.00 3,147,000.00 2,053,000.00 1,187,000.00
Equity Method Investments Income -331,000.00 -343,000.00 -100,000.00 -176,000.00 -31,000.00
Net Income Including Non-Controlling Interests 3,546,000.00 3,151,000.00 3,399,000.00 3,324,000.00 2,465,000.00
Net Income Non-Controlling Interests 1,537,000.00 1,406,000.00 1,656,000.00 1,330,000.00 757,000.00
Net Income 5,083,000.00 4,557,000.00 5,055,000.00 4,654,000.00 3,222,000.00
EBIT 19,371,000.00 18,123,000.00 18,605,000.00 16,057,000.00 11,921,000.00
Deprecation and Amortization 8,673,000.00 8,696,000.00 8,903,000.00 9,345,000.00 9,704,000.00
EBITDA 28,044,000.00 26,819,000.00 27,508,000.00 25,402,000.00 21,625,000.00
EPS 0.04 0.03 0.03 0.03 0.02
Diluted EPS 0.03 0.03 0.03 0.02 0.02
Average Shares Outstanding Basic 143,061.34 149,208.19 161,501.36 183,669.37 203,316.48
Average Shares Outstanding Diluted 145,363.77 151,966.31 164,433.60 193,042.95 209,273.25
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 13,041,000.00 13,069,000.00 13,678,000.00 16,155,000.00 14,513,000.00
   Operating Net Income 16,789,000.00 15,079,000.00 16,753,000.00 15,294,000.00 10,574,000.00
   Deprecation and Amortization 8,673,000.00 8,696,000.00 8,903,000.00 9,345,000.00 9,704,000.00
   Deferred Income Tax -87,000.00 -80,000.00 87,000.00 826,000.00 465,000.00
   Share Based Compensation 651,000.00 692,000.00 470,000.00 430,000.00 351,000.00
   Change in Working Capital 428,000.00 785,000.00 692,000.00 564,000.00 389,000.00
   Other Operating Activities -13,413,000.00 -12,103,000.00 -13,227,000.00 -10,304,000.00 -6,970,000.00
Investing Cash Flow -8,119,000.00 -6,568,000.00 2,099,000.00 7,718,000.00 2,903,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 11,269,000.00 11,115,000.00 9,376,000.00 7,635,000.00 7,879,000.00
   Net Purchase/Sale of Investments Net 481,000.00 184,000.00 291,000.00 71,000.00 18,000.00
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities -19,869,000.00 -17,867,000.00 -7,568,000.00 12,000.00 -4,994,000.00
Financing Cash Flow -5,125,000.00 -6,437,000.00 -15,733,000.00 -24,273,000.00 -19,964,000.00
   Net Issuance/Repayment of Debt 55,553,000.00 44,000,000.00 44,954,000.00 33,122,000.00 27,848,000.00
   Net Issuance/Repurchase of Equity 2,490,000.00 6,474,000.00 20,564,000.00 30,950,000.00 22,848,000.00
   Dividends Paid 157,000.00 158,000.00 111,000.00 75,000.00 154,000.00
   Other Financing Activities -63,325,000.00 -57,069,000.00 -81,362,000.00 -88,420,000.00 -70,814,000.00
Net Change in Cash -203,000.00 64,000.00 44,000.00 -400,000.00 -2,548,000.00
   Cash at Beginning of Period 709,000.00 645,000.00 601,000.00 1,001,000.00 3,549,000.00
   Cash at End of Period 506,000.00 709,000.00 645,000.00 601,000.00 1,001,000.00
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 152,850,000.00 151,589,000.00 150,954,000.00 185,564,000.00 149,371,000.00 148,611,000.00 148,044,000.00 178,053,000.00 146,682,000.00 145,615,000.00 144,870,000.00 173,305,000.00 143,669,000.00 143,258,000.00 143,948,000.00 175,962,000.00 142,495,000.00 144,026,000.00 143,439,000.00 186,344,000.00
   Current Assets 4,867,000.00 4,812,000.00 4,968,000.00 4,233,000.00 4,492,000.00 4,133,000.00 4,396,000.00 4,132,000.00 4,116,000.00 3,929,000.00 4,067,000.00 4,017,000.00 3,754,000.00 3,738,000.00 5,516,000.00 3,571,000.00 3,503,000.00 4,687,000.00 3,670,000.00 3,906,000.00
      Cash and Short-Term Investments 464,000.00 606,000.00 796,000.00 459,000.00 721,000.00 602,000.00 661,000.00 709,000.00 571,000.00 478,000.00 534,000.00 645,000.00 480,000.00 483,000.00 2,431,000.00 601,000.00 466,000.00 1,711,000.00 772,000.00 998,000.00
            Cash and Cash Equivalents 464,000.00 606,000.00 796,000.00 459,000.00 721,000.00 602,000.00 661,000.00 709,000.00 571,000.00 478,000.00 534,000.00 645,000.00 480,000.00 483,000.00 2,431,000.00 601,000.00 466,000.00 1,711,000.00 772,000.00 998,000.00
            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 4,798,000.00 4,749,000.00 4,411,000.00 3,097,000.00 3,931,000.00 3,803,000.00 3,699,000.00 2,965,000.00 3,583,000.00 3,514,000.00 3,483,000.00 2,921,000.00 3,333,000.00 3,256,000.00 2,922,000.00 2,971,000.00 3,022,000.00 2,946,000.00 2,739,000.00 2,202,000.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets -395,000.00 -543,000.00 -239,000.00 677,000.00 -160,000.00 -272,000.00 36,000.00 458,000.00 -38,000.00 -63,000.00 50,000.00 451,000.00 -59,000.00 -1,000.00 163,000.00 -1,000.00 15,000.00 30,000.00 159,000.00 706,000.00
   Non-Current Assets 147,983,000.00 146,777,000.00 145,986,000.00 181,331,000.00 144,879,000.00 144,478,000.00 143,648,000.00 173,921,000.00 142,566,000.00 141,686,000.00 140,803,000.00 169,288,000.00 139,915,000.00 139,520,000.00 138,432,000.00 172,391,000.00 138,992,000.00 139,339,000.00 139,769,000.00 182,438,000.00
      Property, Plant, Equipment Net 45,187,000.00 44,187,000.00 43,359,000.00 44,157,000.00 41,846,000.00 41,256,000.00 40,349,000.00 40,790,000.00 38,617,000.00 37,546,000.00 36,602,000.00 37,274,000.00 35,005,000.00 34,472,000.00 34,173,000.00 36,251,000.00 36,097,000.00 36,127,000.00 35,973,000.00 36,061,000.00
      Goodwill 29,710,000.00 29,674,000.00 29,674,000.00 29,674,000.00 29,668,000.00 29,668,000.00 29,668,000.00 29,668,000.00 29,672,000.00 29,672,000.00 29,563,000.00 29,563,000.00 29,563,000.00 29,563,000.00 29,563,000.00 29,562,000.00 29,554,000.00 29,554,000.00 29,554,000.00 29,554,000.00
      Intangible Assets 17,759,000.00 17,642,000.00 17,495,000.00 18,747,000.00 17,142,000.00 16,966,000.00 16,759,000.00 18,718,000.00 16,285,000.00 16,046,000.00 15,777,000.00 18,690,000.00 15,177,000.00 14,875,000.00 14,542,000.00 18,670,000.00 18,652,000.00 18,652,000.00 18,650,000.00 18,650,000.00
      Long-Term Investments 0 0 0 376,000.00 0 0 0 684,000.00 0 0 0 991,000.00 981,000.00 979,000.00 0 112,000.00 0 0 0 294,000.00
      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 55,327,000.00 55,274,000.00 55,458,000.00 88,377,000.00 56,223,000.00 56,588,000.00 56,872,000.00 84,061,000.00 57,992,000.00 58,422,000.00 58,861,000.00 82,770,000.00 59,189,000.00 59,631,000.00 60,154,000.00 87,796,000.00 54,689,000.00 55,006,000.00 55,592,000.00 97,879,000.00
Liabilities 98,334,000.00 94,644,000.00 93,663,000.00 130,563,000.00 99,164,000.00 102,304,000.00 104,958,000.00 137,531,000.00 106,096,000.00 107,101,000.00 109,648,000.00 139,088,000.00 110,080,000.00 106,353,000.00 100,000,000.00 125,600,000.00 82,413,000.00 76,512,000.00 68,080,000.00 101,977,000.00
   Current Liabilities 12,994,000.00 14,556,000.00 13,672,000.00 13,883,000.00 13,160,000.00 10,726,000.00 10,926,000.00 13,449,000.00 12,625,000.00 11,975,000.00 12,242,000.00 12,203,000.00 11,595,000.00 11,395,000.00 13,929,000.00 12,503,000.00 12,237,000.00 10,038,000.00 9,916,000.00 9,897,000.00
      Payables and Expenses 12,244,000.00 12,007,000.00 11,873,000.00 11,687,000.00 11,362,000.00 10,726,000.00 10,926,000.00 11,214,000.00 10,626,000.00 9,976,000.00 10,243,000.00 10,555,000.00 10,073,000.00 9,862,000.00 9,386,000.00 9,461,000.00 9,241,000.00 9,036,000.00 8,911,000.00 8,867,000.00
            Account Payables 1,367,000.00 1,271,000.00 1,452,000.00 1,208,000.00 1,454,000.00 1,370,000.00 1,405,000.00 1,328,000.00 1,368,000.00 1,299,000.00 1,248,000.00 1,165,000.00 1,189,000.00 1,124,000.00 1,179,000.00 1,099,000.00 1,067,000.00 1,090,000.00 1,057,000.00 1,083,000.00
            Current Accrued Liabilities 2,224,000.00 2,089,000.00 2,062,000.00 1,889,000.00 2,617,000.00 2,217,000.00 2,557,000.00 2,802,000.00 1,717,000.00 1,379,000.00 1,529,000.00 1,440,000.00 1,387,000.00 1,302,000.00 1,042,000.00 1,304,000.00 1,235,000.00 1,166,000.00 1,104,000.00 1,374,000.00
      Short-Term Debt 750,000.00 2,549,000.00 1,799,000.00 1,799,000.00 1,798,000.00 0 0 2,000,000.00 1,999,000.00 1,999,000.00 1,999,000.00 1,510,000.00 1,522,000.00 1,533,000.00 4,543,000.00 2,997,000.00 2,996,000.00 1,002,000.00 1,005,000.00 1,008,000.00
      Other Current Liabilities 0.00 0.00 0.00 397,000.00 0.00 0.00 0.00 235,000.00 0.00 0.00 0.00 138,000.00 0.00 0.00 0.00 45,000.00 0.00 0.00 0.00 22,000.00
   Non-Current Liabilities 85,340,000.00 80,088,000.00 79,991,000.00 116,680,000.00 86,004,000.00 91,578,000.00 94,032,000.00 124,082,000.00 93,471,000.00 95,126,000.00 97,406,000.00 126,885,000.00 98,485,000.00 94,958,000.00 86,071,000.00 113,097,000.00 70,176,000.00 66,474,000.00 58,164,000.00 92,080,000.00
      Long-Term Debt 94,413,000.00 91,863,000.00 91,970,000.00 92,134,000.00 93,517,000.00 96,692,000.00 97,965,000.00 95,777,000.00 95,800,000.00 95,971,000.00 95,973,000.00 96,093,000.00 95,510,000.00 94,468,000.00 90,679,000.00 88,564,000.00 85,376,000.00 86,962,000.00 83,882,000.00 81,744,000.00
      Other Non-Current Liabilities -9,073,000.00 -11,775,000.00 -11,979,000.00 24,546,000.00 -7,513,000.00 -5,114,000.00 -3,933,000.00 28,305,000.00 -2,329,000.00 -845,000.00 1,433,000.00 30,792,000.00 2,975,000.00 490,000.00 -4,608,000.00 24,533,000.00 -15,200,000.00 -20,488,000.00 -25,718,000.00 10,336,000.00
Equity 54,516,000.00 56,945,000.00 57,291,000.00 55,001,000.00 50,207,000.00 46,307,000.00 43,086,000.00 40,522,000.00 40,586,000.00 38,514,000.00 35,222,000.00 34,217,000.00 33,589,000.00 36,905,000.00 43,948,000.00 50,362,000.00 60,082,000.00 67,514,000.00 75,359,000.00 84,367,000.00
   Shareholders Equity 15,340,000.00 16,209,000.00 16,247,000.00 15,587,000.00 14,099,000.00 12,879,000.00 11,874,000.00 11,086,000.00 11,098,000.00 10,460,000.00 9,418,000.00 9,119,000.00 8,889,000.00 9,879,000.00 12,060,000.00 14,050,000.00 17,030,000.00 19,342,000.00 20,997,000.00 23,805,000.00
      Capital Stock 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Share Premium 23,842,000.00 23,714,000.00 23,586,000.00 23,337,000.00 23,845,000.00 23,681,000.00 23,544,000.00 23,346,000.00 24,460,000.00 24,287,000.00 24,138,000.00 23,940,000.00 26,950,000.00 26,900,000.00 26,865,000.00 26,725,000.00 30,015,000.00 29,878,000.00 29,037,000.00 29,000,000.00
      Retained Earnings -4,095,000.00 -5,232,000.00 -6,533,000.00 -7,750,000.00 -8,643,000.00 -9,923,000.00 -11,154,000.00 -12,260,000.00 -11,322,000.00 -12,577,000.00 -13,800,000.00 -14,821,000.00 -8,816,000.00 -10,001,000.00 -11,472,000.00 -12,675,000.00 -2,151,000.00 -3,368,000.00 -4,388,000.00 -5,195,000.00
      Treasury Shares 4,407,000.00 2,273,000.00 806,000.00 0 1,103,000.00 879,000.00 516,000.00 0 2,040,000.00 1,250,000.00 920,000.00 0 9,245,000.00 7,020,000.00 3,333,000.00 0 10,834,000.00 7,168,000.00 3,652,000.00 0
      Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Minority Interest 4,248,000.00 4,159,000.00 4,275,000.00 4,120,000.00 3,955,000.00 3,835,000.00 3,732,000.00 3,632,000.00 3,646,000.00 3,567,000.00 3,484,000.00 3,430,000.00 3,461,000.00 3,634,000.00 3,884,000.00 4,106,000.00 4,496,000.00 4,744,000.00 6,184,000.00 6,476,000.00
Investments 0 0 0 518,000.00 0 0 0 833,000.00 0 0 0 1,155,000.00 981,000.00 979,000.00 0 203,000.00 0 0 0 313,000.00
Debt 95,163,000.00 94,412,000.00 93,769,000.00 93,933,000.00 95,315,000.00 96,692,000.00 97,965,000.00 97,777,000.00 97,799,000.00 97,970,000.00 97,972,000.00 97,603,000.00 97,032,000.00 96,001,000.00 95,222,000.00 94,558,000.00 91,368,000.00 88,966,000.00 85,892,000.00 83,760,000.00
Net Debt 94,699,000.00 93,806,000.00 92,973,000.00 93,474,000.00 94,594,000.00 96,090,000.00 97,304,000.00 97,068,000.00 97,228,000.00 97,492,000.00 97,438,000.00 96,958,000.00 96,552,000.00 95,518,000.00 92,791,000.00 93,957,000.00 90,902,000.00 87,255,000.00 85,120,000.00 82,762,000.00
Common Shares Outstanding 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Revenues 41,173,000.00 27,501,000.00 13,735,000.00 -27,117,000.00 41,159,000.00 27,364,000.00 13,679,000.00 -27,254,000.00 40,896,000.00 27,312,000.00 13,653,000.00 -26,324,000.00 40,348,000.00 26,798,000.00 13,200,000.00 -24,634,000.00 38,470,000.00 25,324,000.00 12,522,000.00
Operating Expenses 24,686,000.00 16,424,000.00 8,194,000.00 -16,658,000.00 24,863,000.00 16,569,000.00 8,396,000.00 -17,036,000.00 25,115,000.00 16,816,000.00 8,511,000.00 -16,155,000.00 24,574,000.00 16,327,000.00 8,134,000.00 -15,368,000.00 23,551,000.00 15,593,000.00 7,711,000.00
   Selling, General and Administrative Expenses 2,883,000.00 1,907,000.00 949,000.00 -1,822,000.00 2,784,000.00 1,832,000.00 920,000.00 -1,887,000.00 2,753,000.00 1,841,000.00 946,000.00 -1,612,000.00 2,493,000.00 1,632,000.00 826,000.00 -1,452,000.00 2,280,000.00 1,492,000.00 751,000.00
   Other Operating Expenses 21,803,000.00 14,517,000.00 7,245,000.00 -14,836,000.00 22,079,000.00 14,737,000.00 7,476,000.00 -15,149,000.00 22,362,000.00 14,975,000.00 7,565,000.00 -14,543,000.00 22,081,000.00 14,695,000.00 7,308,000.00 -13,916,000.00 21,271,000.00 14,101,000.00 6,960,000.00
Operating Income 9,647,000.00 6,516,000.00 3,237,000.00 -6,136,000.00 9,729,000.00 6,394,000.00 3,131,000.00 -5,765,000.00 9,292,000.00 6,166,000.00 2,926,000.00 -5,729,000.00 8,922,000.00 5,998,000.00 2,771,000.00 -3,755,000.00 7,570,000.00 4,643,000.00 2,068,000.00
Net Non-Operating Income -4,150,000.00 -2,753,000.00 -1,383,000.00 9,516,000.00 -4,273,000.00 -2,818,000.00 -1,405,000.00 8,506,000.00 -4,073,000.00 -2,752,000.00 -1,369,000.00 8,457,000.00 -3,264,000.00 -2,067,000.00 -1,037,000.00 7,739,000.00 -3,240,000.00 -2,067,000.00 -931,000.00
Interest Expense 3,772,000.00 2,504,000.00 1,241,000.00 -2,682,000.00 3,955,000.00 2,644,000.00 1,316,000.00 -2,505,000.00 3,869,000.00 2,563,000.00 1,265,000.00 -2,004,000.00 3,329,000.00 2,169,000.00 1,060,000.00 -1,943,000.00 3,003,000.00 1,987,000.00 983,000.00
Net Interest -3,772,000.00 -2,504,000.00 -1,241,000.00 2,682,000.00 -3,955,000.00 -2,644,000.00 -1,316,000.00 2,505,000.00 -3,869,000.00 -2,563,000.00 -1,265,000.00 2,004,000.00 -3,329,000.00 -2,169,000.00 -1,060,000.00 1,943,000.00 -3,003,000.00 -1,987,000.00 -983,000.00
EBT 5,497,000.00 3,763,000.00 1,854,000.00 3,380,000.00 5,456,000.00 3,576,000.00 1,726,000.00 2,741,000.00 5,219,000.00 3,414,000.00 1,557,000.00 2,728,000.00 5,658,000.00 3,931,000.00 1,734,000.00 3,984,000.00 4,330,000.00 2,576,000.00 1,137,000.00
Income Tax 1,277,000.00 859,000.00 445,000.00 604,000.00 1,279,000.00 873,000.00 446,000.00 734,000.00 1,187,000.00 818,000.00 374,000.00 774,000.00 1,194,000.00 834,000.00 345,000.00 496,000.00 844,000.00 497,000.00 216,000.00
Equity Method Investments Income -282,000.00 -204,000.00 -77,000.00 156,000.00 -234,000.00 -167,000.00 -86,000.00 147,000.00 -249,000.00 -162,000.00 -79,000.00 -105,000.00 -51,000.00 64,000.00 -8,000.00 -14,000.00 -162,000.00 0 0
Net Income Including Non-Controlling Interests 2,526,000.00 1,747,000.00 834,000.00 -1,318,000.00 2,499,000.00 1,606,000.00 759,000.00 -1,683,000.00 2,434,000.00 1,541,000.00 859,000.00 -2,097,000.00 2,650,000.00 1,829,000.00 1,017,000.00 -778,000.00 2,161,000.00 1,324,000.00 617,000.00
Net Income Non-Controlling Interests 1,129,000.00 771,000.00 383,000.00 -659,000.00 1,118,000.00 731,000.00 347,000.00 -524,000.00 1,065,000.00 703,000.00 162,000.00 -584,000.00 1,209,000.00 845,000.00 186,000.00 -246,000.00 883,000.00 503,000.00 190,000.00
Net Income 3,655,000.00 2,518,000.00 1,217,000.00 -1,977,000.00 3,617,000.00 2,337,000.00 1,106,000.00 -2,207,000.00 3,499,000.00 2,244,000.00 1,021,000.00 -2,681,000.00 3,859,000.00 2,674,000.00 1,203,000.00 -1,024,000.00 3,044,000.00 1,827,000.00 807,000.00
EBIT 9,269,000.00 6,267,000.00 3,095,000.00 698,000.00 9,411,000.00 6,220,000.00 3,042,000.00 236,000.00 9,088,000.00 5,977,000.00 2,822,000.00 724,000.00 8,987,000.00 6,100,000.00 2,794,000.00 2,041,000.00 7,333,000.00 4,563,000.00 2,120,000.00
Deprecation and Amortization 6,517,000.00 4,357,000.00 2,181,000.00 -4,382,000.00 6,505,000.00 4,360,000.00 2,190,000.00 -4,396,000.00 6,508,000.00 4,378,000.00 2,206,000.00 -4,636,000.00 6,711,000.00 4,534,000.00 2,294,000.00 -4,956,000.00 7,065,000.00 4,795,000.00 2,441,000.00
EBITDA 15,786,000.00 10,624,000.00 5,276,000.00 -3,684,000.00 15,916,000.00 10,580,000.00 5,232,000.00 -4,160,000.00 15,596,000.00 10,355,000.00 5,028,000.00 -3,912,000.00 15,698,000.00 10,634,000.00 5,088,000.00 -2,915,000.00 14,398,000.00 9,358,000.00 4,561,000.00
EPS 0.03 0.02 0.01 -0.00 0.03 0.02 0.01 -0.00 0.02 0.01 0.01 -0.00 0.02 0.02 0.01 -0.00 0.02 0.01 0.00
Diluted EPS 0.03 0.02 0.01 0.00 0.02 0.02 0.01 0.00 0.02 0.01 0.01 0.00 0.02 0.02 0.01 0.00 0.02 0.01 0.00
Average Shares Outstanding Basic 137,825.02 139,889.25 141,591.40 140,435.92 143,379.04 143,920.07 144,510.32 144,463.70 150,169.27 150,761.41 151,438.37 143,777.05 164,189.70 167,350.54 170,688.13 168,246.91 186,380.68 188,645.36 191,404.53
Average Shares Outstanding Diluted 140,826.30 143,098.49 144,574.68 143,580.12 145,489.37 145,742.40 146,643.20 149,104.08 152,495.27 152,727.54 153,538.36 145,140.67 167,351.78 170,741.46 174,500.47 166,524.32 197,316.67 202,458.27 205,872.54
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 12,316,000.00 7,836,000.00 4,236,000.00 -8,206,000.00 10,970,000.00 7,065,000.00 3,212,000.00 -7,466,000.00 10,578,000.00 6,634,000.00 3,323,000.00 -8,488,000.00 11,138,000.00 7,381,000.00 3,647,000.00 -7,359,000.00 12,013,000.00 7,750,000.00 3,751,000.00
   Operating Net Income 4,220,000.00 2,904,000.00 4,035,000.00 6,243,000.00 4,177,000.00 2,703,000.00 3,666,000.00 5,064,000.00 4,032,000.00 2,596,000.00 3,387,000.00 5,211,000.00 4,464,000.00 3,097,000.00 3,981,000.00 7,080,000.00 3,486,000.00 2,079,000.00 2,649,000.00
   Deprecation and Amortization 6,517,000.00 4,357,000.00 2,181,000.00 -4,382,000.00 6,505,000.00 4,360,000.00 2,190,000.00 -4,396,000.00 6,508,000.00 4,378,000.00 2,206,000.00 -4,636,000.00 6,711,000.00 4,534,000.00 2,294,000.00 -4,956,000.00 7,065,000.00 4,795,000.00 2,441,000.00
   Deferred Income Tax 772,000.00 -80,000.00 -27,000.00 -143,000.00 48,000.00 -13,000.00 21,000.00 52,000.00 -46,000.00 -63,000.00 -23,000.00 -231,000.00 165,000.00 115,000.00 38,000.00 -369,000.00 668,000.00 371,000.00 156,000.00
   Share Based Compensation 530,000.00 379,000.00 222,000.00 -443,000.00 513,000.00 367,000.00 214,000.00 -432,000.00 540,000.00 376,000.00 208,000.00 -288,000.00 360,000.00 251,000.00 147,000.00 -270,000.00 332,000.00 234,000.00 134,000.00
   Change in Working Capital 1,135,000.00 821,000.00 776,000.00 -699,000.00 710,000.00 123,000.00 294,000.00 432,000.00 409,000.00 -236,000.00 180,000.00 128,000.00 279,000.00 210,000.00 75,000.00 -768,000.00 669,000.00 476,000.00 187,000.00
   Other Operating Activities -858,000.00 -545,000.00 -2,951,000.00 -8,782,000.00 -983,000.00 -475,000.00 -3,173,000.00 -8,186,000.00 -865,000.00 -417,000.00 -2,635,000.00 -8,672,000.00 -841,000.00 -826,000.00 -2,888,000.00 -8,076,000.00 -207,000.00 -205,000.00 -1,816,000.00
Investing Cash Flow -8,582,000.00 -5,425,000.00 -2,804,000.00 8,499,000.00 -8,075,000.00 -5,636,000.00 -2,907,000.00 10,243,000.00 -8,483,000.00 -5,589,000.00 -2,739,000.00 14,314,000.00 -6,346,000.00 -4,082,000.00 -1,787,000.00 19,408,000.00 -5,762,000.00 -3,972,000.00 -1,956,000.00
   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 8,324,000.00 5,273,000.00 2,399,000.00 -5,373,000.00 8,207,000.00 5,644,000.00 2,791,000.00 -4,906,000.00 8,259,000.00 5,298,000.00 2,464,000.00 -2,987,000.00 6,456,000.00 4,050,000.00 1,857,000.00 -3,451,000.00 5,563,000.00 3,702,000.00 1,821,000.00
   Net Purchase/Sale of Investments Net 497,000.00 199,000.00 132,000.00 -175,000.00 378,000.00 225,000.00 53,000.00 -517,000.00 334,000.00 287,000.00 80,000.00 17,000.00 174,000.00 160,000.00 -60,000.00 19,000.00 20,000.00 22,000.00 10,000.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities -17,403,000.00 -10,897,000.00 -5,335,000.00 14,047,000.00 -16,660,000.00 -11,505,000.00 -5,751,000.00 15,666,000.00 -17,076,000.00 -11,174,000.00 -5,283,000.00 17,284,000.00 -12,976,000.00 -8,292,000.00 -3,584,000.00 22,840,000.00 -11,345,000.00 -7,696,000.00 -3,787,000.00
Financing Cash Flow -3,719,000.00 -2,268,000.00 -1,072,000.00 -422,000.00 -2,854,000.00 -1,496,000.00 -353,000.00 -2,361,000.00 -2,169,000.00 -1,212,000.00 -695,000.00 -7,373,000.00 -4,913,000.00 -3,417,000.00 -30,000.00 -12,395,000.00 -6,786,000.00 -3,068,000.00 -2,024,000.00
   Net Issuance/Repayment of Debt 22,940,000.00 9,909,000.00 3,002,000.00 -23,898,000.00 37,287,000.00 30,527,000.00 11,637,000.00 -20,603,000.00 28,976,000.00 21,783,000.00 13,844,000.00 -32,778,000.00 37,187,000.00 30,878,000.00 9,667,000.00 -16,962,000.00 24,914,000.00 16,717,000.00 8,453,000.00
   Net Issuance/Repurchase of Equity 9,652,000.00 5,125,000.00 1,921,000.00 -2,950,000.00 2,453,000.00 1,872,000.00 1,115,000.00 -2,022,000.00 4,105,000.00 2,523,000.00 1,868,000.00 955,000.00 9,250,000.00 7,025,000.00 3,334,000.00 9,218,000.00 10,877,000.00 7,194,000.00 3,661,000.00
   Dividends Paid 124,000.00 124,000.00 3,000.00 -18,000.00 108,000.00 64,000.00 3,000.00 -46,000.00 118,000.00 83,000.00 3,000.00 46,000.00 56,000.00 7,000.00 2,000.00 -106,000.00 71,000.00 71,000.00 39,000.00
   Other Financing Activities -36,435,000.00 -17,426,000.00 -5,998,000.00 26,444,000.00 -42,702,000.00 -33,959,000.00 -13,108,000.00 20,310,000.00 -35,368,000.00 -25,601,000.00 -16,410,000.00 24,404,000.00 -51,406,000.00 -41,327,000.00 -13,033,000.00 -4,545,000.00 -42,648,000.00 -27,050,000.00 -14,177,000.00
Net Change in Cash 15,000.00 143,000.00 360,000.00 -129,000.00 41,000.00 -67,000.00 -48,000.00 416,000.00 -74,000.00 -167,000.00 -111,000.00 -1,547,000.00 -121,000.00 -118,000.00 1,830,000.00 -346,000.00 -535,000.00 710,000.00 -229,000.00
   Cash at Beginning of Period 506,000.00 506,000.00 506,000.00 635,000.00 709,000.00 709,000.00 709,000.00 293,000.00 645,000.00 645,000.00 645,000.00 2,192,000.00 601,000.00 601,000.00 601,000.00 947,000.00 1,001,000.00 1,001,000.00 1,001,000.00
   Cash at End of Period 521,000.00 649,000.00 866,000.00 506,000.00 750,000.00 642,000.00 661,000.00 709,000.00 571,000.00 478,000.00 534,000.00 645,000.00 480,000.00 483,000.00 2,431,000.00 601,000.00 466,000.00 1,711,000.00 772,000.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0