Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 6.68 8.16 7.64 5.67 10.75
Price to Sales 0.88 0.96 0.73 1.04 1.23
Book Value Per Common Share 92.57 87.50 83.02 77.78 67.54
Price to Book 0.24 0.28 0.26 0.34 0.42
Price to Operating Cash Flow 1.19 1.34 2.61 1.46 2.74
Price to Free Cash Flow
Enterprise Value to EBITDA 3969.36 9603.57 9313.28 10918.80 12650.99
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 9.48 12.73 21.62 10.19 14.96 25.58 11.44 17.79 35.14 10.55 14.39 20.96 10.87 14.84 21.88
Price to Sales 1.17 1.49 2.66 1.35 1.90 3.35 1.18 1.83 3.09 1.10 1.66 3.09 1.46 2.19 3.68
Book Value Per Common Share 69.63 67.13 66.84 92.57 63.90 63.26 62.81 87.50 61.45 61.25 59.15 83.02 58.66 58.46 57.54 77.78 53.03 50.87 49.93 67.54
Price to Book 0.35 0.32 0.33 0.24 0.39 0.38 0.39 0.28 0.36 0.40 0.41 0.26 0.41 0.42 0.44 0.34 0.50 0.53 0.53 0.42
Price to Operating Cash Flow 2.08 2.21 3.21 1.87 2.14 3.76 1.69 2.03 3.34 4.86 3.21 5.05 2.62 2.84 4.58
Price to Free Cash Flow
Enterprise Value to EBITDA 5795.15 7585.09 13668.81 16983.13 24550.21 45089.49 17469.39 27724.60 52883.88 19196.22 27926.68 47384.98 21733.05 31157.30 50117.83

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 10.96 5.61 -38.84 75.85
Revenue YoY 0.71 -13.19 17.29 9.72
EBITDA YoY 123.13 10.54 -2.92 7.82
Net Profit YoY 20.86 -6.14 -30.16 66.22
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 54.17 66.34 52.17 67.71 44.12 97.10 32.75 41.32 35.16 50.41
Revenue YoY 47.16 75.11 46.07 73.85 43.58 68.08 47.14 80.88 48.31 71.44
EBITDA YoY 52.80 76.53 -39.10 49.83 80.21 47.15 90.36 41.69 64.65 41.88 64.18
Net Profit YoY 62.92 54.34 52.16 68.99 43.78 73.28 33.99 45.17 36.00 50.43

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 1.58 1.80 1.18 3.38 0.90
Quick Ratio 0.07 0.09 0.58 0.58 0.45
Current Ratio 0.79 0.97 0.57 1.15 0.85
Debt to Equity 0.33 0.55 0.55 0.55 0.59
Long-Term Debt to Equity 0.28 0.49 0.48 0.49 0.52
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 3.01 5.97 2.64 1.57 3.37 5.66 5.63 1.78 1.05 1.99 3.49 1.17 1.35 0.63 2.00 3.37 0.89 0.99 2.14 0.90
Quick Ratio 0.17 0.31 0.17 0.07 0.24 0.34 0.37 0.09 0.06 0.12 0.56 0.58 0.55 0.45 0.75 0.58 0.34 0.36 0.62 0.45
Current Ratio 0.99 1.06 1.05 0.79 1.24 1.17 1.32 0.97 0.94 0.98 1.05 0.57 1.20 0.97 1.25 1.15 0.87 0.82 0.91 0.85
Debt to Equity 0.31 0.31 0.31 0.33 0.55 0.54 0.54 0.55 0.54 0.54 0.54 0.55 0.54 0.52 0.52 0.55 0.56 0.56 0.56 0.59
Long-Term Debt to Equity 0.27 0.28 0.28 0.28 0.50 0.49 0.49 0.49 0.48 0.48 0.48 0.48 0.47 0.46 0.48 0.49 0.49 0.49 0.50 0.52

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 0.48 0.62 0.70 1.10 0.67
ROE 0.63 0.96 1.09 1.70 1.07
Gross Margin 48.41 61.97 52.43 59.16 63.41
Operating Margin 174.09 85.10 66.15 80.54 81.74
EBITDA Margin 223.58 100.91 79.25 95.74 97.43
Net Profit Margin 14.26 11.89 10.99 18.46 12.19
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 0.39 0.24 0.16 0.54 0.36 0.22 0.45 0.32 0.19 0.62 0.49 0.34 0.63 0.47 0.32
ROE 0.51 0.32 0.21 0.83 0.55 0.33 0.70 0.49 0.29 0.96 0.74 0.52 0.97 0.73 0.49
Gross Margin 44.77 37.20 28.65 65.20 64.31 62.27 61.14 59.34 55.12 52.01 52.72 54.09 60.35 60.88 61.88
Operating Margin 158.64 149.64 147.81 62.96 60.56 57.86 52.21 50.51 43.13 44.21 45.88 50.88 51.59 54.05 57.13
EBITDA Margin 204.50 196.97 195.38 79.50 77.50 74.77 68.00 66.35 58.58 57.34 59.55 65.42 67.30 70.34 73.45
Net Profit Margin 13.80 12.46 14.14 13.36 12.82 13.19 10.49 10.47 10.16 11.79 12.95 16.13 13.48 14.70 16.75

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 224,199,000.00 144,235,000.00 134,601,000.00 123,371,000.00 120,718,000.00
   Current Assets 5,517,000.00 5,662,000.00 3,433,000.00 5,607,000.00 4,706,000.00
      Cash and Short-Term Investments 469,000.00 523,000.00 341,000.00 976,000.00 259,000.00
            Cash and Cash Equivalents 469,000.00 523,000.00 341,000.00 976,000.00 259,000.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 18,000.00 14,000.00 3,095,000.00 1,839,000.00 2,246,000.00
      Inventory 1,525,000.00 1,862,000.00 2,222,000.00 1,325,000.00 1,145,000.00
      Other Current Assets 3,505,000.00 3,263,000.00 -2,225,000.00 1,467,000.00 1,056,000.00
   Non-Current Assets 218,682,000.00 138,573,000.00 131,168,000.00 117,764,000.00 116,012,000.00
      Property, Plant, Equipment Net 49,746,000.00 45,120,000.00 42,671,000.00 41,014,000.00 38,756,000.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 1,102,000.00 1,134,000.00
      Long-Term Investments 181,000.00 12,044,000.00 265,000.00 279,000.00 2,866,000.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 168,755,000.00 81,409,000.00 88,232,000.00 75,369,000.00 73,256,000.00
Liabilities 55,056,000.00 51,424,000.00 47,704,000.00 43,685,000.00 44,819,000.00
   Current Liabilities 6,983,000.00 5,829,000.00 5,972,000.00 4,877,000.00 5,524,000.00
      Payables and Expenses 2,030,000.00 1,598,000.00 1,807,000.00 1,725,000.00 1,310,000.00
            Account Payables 2,030,000.00 1,598,000.00 1,807,000.00 1,725,000.00 1,310,000.00
            Current Accrued Liabilities 0 0 0 0 0
      Short-Term Debt 65,000.00 93,000.00 20,000.00 373,000.00 0
      Other Current Liabilities 4,888,000.00 4,138,000.00 4,145,000.00 2,779,000.00 4,214,000.00
   Non-Current Liabilities 48,073,000.00 45,595,000.00 41,732,000.00 38,808,000.00 39,295,000.00
      Long-Term Debt 31,265,000.00 40,025,000.00 26,357,000.00 24,024,000.00 25,305,000.00
      Other Non-Current Liabilities 16,808,000.00 5,570,000.00 15,375,000.00 14,784,000.00 13,990,000.00
Equity 169,143,000.00 92,811,000.00 86,897,000.00 79,686,000.00 75,899,000.00
   Shareholders Equity 27,659,000.00 25,759,000.00 24,185,000.00 22,541,000.00 19,511,000.00
      Capital Stock 1,332,000.00 1,332,000.00 1,329,000.00 1,329,000.00 881,000.00
      Share Premium 14,183,000.00 13,464,000.00 12,774,000.00 12,005,000.00 11,389,000.00
      Retained Earnings 4,425,000.00 3,836,000.00 3,358,000.00 2,891,000.00 1,904,000.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -52,000.00 -61,000.00 -67,000.00 -91,000.00 -122,000.00
   Minority Interest 518,000.00 581,000.00 580,000.00 557,000.00 581,000.00
Investments 181,000.00 12,044,000.00 265,000.00 279,000.00 2,866,000.00
Debt 31,395,000.00 40,211,000.00 26,397,000.00 24,024,000.00 25,305,000.00
Net Debt 30,926,000.00 39,688,000.00 26,056,000.00 23,048,000.00 25,046,000.00
Common Shares Outstanding 298,800.00 294,400.00 291,300.00 289,800.00 288,900.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 7,515,000.00 7,462,000.00 8,596,000.00 7,329,000.00 6,680,000.00
Cost Of Revenue 3,877,000.00 2,838,000.00 4,089,000.00 2,993,000.00 2,444,000.00
Interest Expense 5,115,000.00 3,630,000.00 2,912,000.00 2,770,000.00 2,907,000.00
Provisions for Credit Losses 0 0 0 0 60,000.00
Gross Profit 3,638,000.00 4,624,000.00 4,507,000.00 4,336,000.00 4,236,000.00
Operating Expenses -5,378,000.00 2,131,000.00 2,057,000.00 2,022,000.00 1,659,000.00
   Selling, General and Administrative Expenses 1,445,000.00 447,000.00 412,000.00 389,000.00 359,000.00
   Other Operating Expenses -6,823,000.00 1,684,000.00 1,645,000.00 1,633,000.00 1,300,000.00
Operating Income 9,016,000.00 2,493,000.00 2,450,000.00 2,314,000.00 2,577,000.00
Net Non-Operating Income -1,048,000.00 227,000.00 324,000.00 819,000.00 -24,000.00
EBT 7,968,000.00 2,720,000.00 2,774,000.00 3,133,000.00 2,553,000.00
Income Tax 1,130,000.00 596,000.00 416,000.00 442,000.00 557,000.00
Equity Method Investments Income 7,000.00 7,000.00 3,000.00 10,000.00 5,000.00
Net Income Including Non-Controlling Interests 1,128,000.00 966,000.00 969,000.00 1,376,000.00 817,000.00
Net Income Non-Controlling Interests -56,000.00 -79,000.00 -24,000.00 -23,000.00 -3,000.00
Net Income 1,072,000.00 887,000.00 945,000.00 1,353,000.00 814,000.00
EBIT 13,083,000.00 6,350,000.00 5,686,000.00 5,903,000.00 5,460,000.00
Deprecation and Amortization 3,719,000.00 1,180,000.00 1,126,000.00 1,114,000.00 1,048,000.00
EBITDA 16,802,000.00 7,530,000.00 6,812,000.00 7,017,000.00 6,508,000.00
EPS 0.00 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 297,600.00 291,200.00 289,500.00 289,000.00 0
Average Shares Outstanding Diluted 298,300.00 291,700.00 290,000.00 289,500.00 286,300.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 5,590,000.00 5,334,000.00 2,414,000.00 5,239,000.00 3,001,000.00
   Operating Net Income 947,000.00 808,000.00 813,000.00 4,396,000.00 3,136,000.00
   Deprecation and Amortization 3,719,000.00 1,180,000.00 1,126,000.00 1,114,000.00 1,048,000.00
   Deferred Income Tax 392,000.00 313,000.00 223,000.00 403,000.00 347,000.00
   Share Based Compensation 0 0 0 0 0
   Change in Working Capital -438,000.00 -1,310,000.00 2,230,000.00 698,000.00 359,000.00
   Other Operating Activities 970,000.00 4,343,000.00 -1,978,000.00 -1,372,000.00 -1,889,000.00
Investing Cash Flow -6,729,000.00 -7,455,000.00 -5,330,000.00 -4,004,000.00 -6,077,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 5,861,000.00 6,279,000.00 4,613,000.00 4,128,000.00 4,603,000.00
   Net Purchase/Sale of Investments Net 314,000.00 308,000.00 212,000.00 133,000.00 474,000.00
   Net Purchase/Sale of Business 124,000.00 0 5,000.00 898,000.00 0
   Other Investing Activities -13,028,000.00 -14,042,000.00 -10,160,000.00 -9,163,000.00 -11,154,000.00
Financing Cash Flow 987,000.00 2,296,000.00 2,284,000.00 -662,000.00 3,111,000.00
   Net Issuance/Repayment of Debt 5,567,000.00 10,867,000.00 3,872,000.00 1,132,000.00 10,059,000.00
   Net Issuance/Repurchase of Equity 286,000.00 192,000.00 193,000.00 724,000.00 1,394,000.00
   Dividends Paid 12,000.00 0 1,861,000.00 1,740,000.00 1,571,000.00
   Other Financing Activities -4,878,000.00 -8,763,000.00 -3,642,000.00 -4,258,000.00 -9,913,000.00
Net Change in Cash -152,000.00 175,000.00 -632,000.00 690,000.00 35,000.00
   Cash at Beginning of Period 330,000.00 73,000.00 814,000.00 -214,000.00 150,000.00
   Cash at End of Period 178,000.00 248,000.00 182,000.00 476,000.00 185,000.00
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 222,235,000.00 220,220,000.00 211,605,000.00 224,199,000.00 137,023,000.00 135,224,000.00 133,312,000.00 144,235,000.00 128,026,000.00 126,546,000.00 123,162,000.00 134,601,000.00 119,603,000.00 114,388,000.00 112,392,000.00 123,371,000.00 114,103,000.00 111,966,000.00 110,710,000.00 120,718,000.00
   Current Assets 5,317,000.00 6,076,000.00 5,092,000.00 5,517,000.00 5,290,000.00 5,827,000.00 5,933,000.00 5,662,000.00 4,698,000.00 4,859,000.00 5,659,000.00 3,433,000.00 5,893,000.00 4,597,000.00 4,406,000.00 5,607,000.00 4,321,000.00 4,041,000.00 4,173,000.00 4,706,000.00
      Cash and Short-Term Investments 901,000.00 1,783,000.00 788,000.00 469,000.00 1,003,000.00 1,686,000.00 1,669,000.00 523,000.00 306,000.00 578,000.00 1,015,000.00 341,000.00 392,000.00 183,000.00 580,000.00 976,000.00 258,000.00 285,000.00 619,000.00 259,000.00
            Cash and Cash Equivalents 901,000.00 1,783,000.00 788,000.00 469,000.00 1,003,000.00 1,686,000.00 1,669,000.00 523,000.00 306,000.00 578,000.00 1,015,000.00 341,000.00 392,000.00 183,000.00 580,000.00 976,000.00 258,000.00 285,000.00 619,000.00 259,000.00
            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 15,000.00 19,000.00 17,000.00 18,000.00 12,000.00 12,000.00 14,000.00 14,000.00 13,000.00 17,000.00 1,992,000.00 3,095,000.00 2,288,000.00 1,945,000.00 2,056,000.00 1,839,000.00 1,404,000.00 1,470,000.00 2,217,000.00 2,246,000.00
      Inventory 1,796,000.00 1,459,000.00 1,150,000.00 1,525,000.00 1,757,000.00 1,544,000.00 1,341,000.00 1,862,000.00 2,107,000.00 1,762,000.00 1,442,000.00 2,222,000.00 2,597,000.00 1,681,000.00 902,000.00 1,325,000.00 1,515,000.00 1,072,000.00 807,000.00 1,145,000.00
      Other Current Assets 2,605,000.00 2,815,000.00 3,137,000.00 3,505,000.00 2,518,000.00 2,585,000.00 2,909,000.00 3,263,000.00 2,272,000.00 2,502,000.00 1,210,000.00 -2,225,000.00 616,000.00 788,000.00 868,000.00 1,467,000.00 1,144,000.00 1,214,000.00 530,000.00 1,056,000.00
   Non-Current Assets 216,918,000.00 214,144,000.00 206,513,000.00 218,682,000.00 131,733,000.00 129,397,000.00 127,379,000.00 138,573,000.00 123,328,000.00 121,687,000.00 117,503,000.00 131,168,000.00 113,710,000.00 109,791,000.00 107,986,000.00 117,764,000.00 109,782,000.00 107,925,000.00 106,537,000.00 116,012,000.00
      Property, Plant, Equipment Net 43,927,000.00 42,455,000.00 41,167,000.00 49,746,000.00 38,846,000.00 37,439,000.00 36,391,000.00 45,120,000.00 36,326,000.00 35,218,000.00 34,210,000.00 42,671,000.00 33,114,000.00 32,091,000.00 32,632,000.00 41,014,000.00 32,071,000.00 31,371,000.00 30,999,000.00 38,756,000.00
      Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,102,000.00 0 0 0 1,134,000.00
      Long-Term Investments 170,000.00 220,000.00 91,000.00 181,000.00 256,000.00 257,000.00 261,000.00 12,044,000.00 274,000.00 265,000.00 196,000.00 265,000.00 202,000.00 202,000.00 208,000.00 279,000.00 188,000.00 184,000.00 2,614,000.00 2,866,000.00
      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 172,821,000.00 171,469,000.00 165,255,000.00 168,755,000.00 92,631,000.00 91,701,000.00 90,727,000.00 81,409,000.00 86,728,000.00 86,204,000.00 83,097,000.00 88,232,000.00 80,394,000.00 77,498,000.00 75,146,000.00 75,369,000.00 77,523,000.00 76,370,000.00 72,924,000.00 73,256,000.00
Liabilities 52,033,000.00 52,497,000.00 49,745,000.00 55,056,000.00 48,354,000.00 47,639,000.00 46,794,000.00 51,424,000.00 44,950,000.00 44,424,000.00 43,331,000.00 47,704,000.00 41,743,000.00 39,197,000.00 38,611,000.00 43,685,000.00 40,775,000.00 40,290,000.00 39,935,000.00 44,819,000.00
   Current Liabilities 5,369,000.00 5,727,000.00 4,836,000.00 6,983,000.00 4,265,000.00 4,963,000.00 4,509,000.00 5,829,000.00 4,997,000.00 4,961,000.00 5,372,000.00 5,972,000.00 4,899,000.00 4,736,000.00 3,538,000.00 4,877,000.00 4,955,000.00 4,936,000.00 4,594,000.00 5,524,000.00
      Payables and Expenses 2,157,000.00 2,200,000.00 1,805,000.00 2,030,000.00 1,876,000.00 1,576,000.00 1,284,000.00 1,598,000.00 839,000.00 1,493,000.00 1,316,000.00 1,807,000.00 1,845,000.00 1,778,000.00 1,342,000.00 1,725,000.00 1,545,000.00 1,299,000.00 1,045,000.00 1,310,000.00
            Account Payables 2,157,000.00 2,200,000.00 1,805,000.00 2,030,000.00 1,876,000.00 1,576,000.00 1,284,000.00 1,598,000.00 839,000.00 1,493,000.00 1,316,000.00 1,807,000.00 1,845,000.00 1,778,000.00 1,342,000.00 1,725,000.00 1,545,000.00 1,299,000.00 1,045,000.00 1,310,000.00
            Current Accrued Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Short-Term Debt 0 0 0 65,000.00 0 0 0 93,000.00 644,000.00 6,000.00 0 20,000.00 990,000.00 45,000.00 373,000.00 373,000.00 572,000.00 572,000.00 1,500,000.00 0
      Other Current Liabilities 3,212,000.00 3,527,000.00 3,031,000.00 4,888,000.00 2,389,000.00 3,387,000.00 3,225,000.00 4,138,000.00 3,514,000.00 3,462,000.00 4,056,000.00 4,145,000.00 2,064,000.00 2,913,000.00 1,823,000.00 2,779,000.00 2,838,000.00 3,065,000.00 2,049,000.00 4,214,000.00
   Non-Current Liabilities 46,664,000.00 46,770,000.00 44,909,000.00 48,073,000.00 44,089,000.00 42,676,000.00 42,285,000.00 45,595,000.00 39,953,000.00 39,463,000.00 37,959,000.00 41,732,000.00 36,844,000.00 34,461,000.00 35,073,000.00 38,808,000.00 35,820,000.00 35,354,000.00 35,341,000.00 39,295,000.00
      Long-Term Debt 29,561,000.00 29,614,000.00 27,949,000.00 31,265,000.00 27,408,000.00 26,058,000.00 26,111,000.00 40,025,000.00 24,178,000.00 23,723,000.00 22,398,000.00 26,357,000.00 21,441,000.00 19,405,000.00 20,096,000.00 24,024,000.00 20,055,000.00 19,458,000.00 21,304,000.00 25,305,000.00
      Other Non-Current Liabilities 17,103,000.00 17,156,000.00 16,960,000.00 16,808,000.00 16,681,000.00 16,618,000.00 16,174,000.00 5,570,000.00 15,775,000.00 15,740,000.00 15,561,000.00 15,375,000.00 15,403,000.00 15,056,000.00 14,977,000.00 14,784,000.00 15,765,000.00 15,896,000.00 14,037,000.00 13,990,000.00
Equity 170,202,000.00 167,723,000.00 161,860,000.00 169,143,000.00 88,669,000.00 87,585,000.00 86,518,000.00 92,811,000.00 83,076,000.00 82,122,000.00 79,831,000.00 86,897,000.00 77,860,000.00 75,191,000.00 73,781,000.00 79,686,000.00 73,328,000.00 71,676,000.00 70,775,000.00 75,899,000.00
   Shareholders Equity 21,188,000.00 20,092,000.00 19,991,000.00 27,659,000.00 19,093,000.00 18,896,000.00 18,756,000.00 25,759,000.00 17,932,000.00 17,868,000.00 17,255,000.00 24,185,000.00 17,030,000.00 16,965,000.00 16,692,000.00 22,541,000.00 15,364,000.00 14,737,000.00 14,456,000.00 19,511,000.00
      Capital Stock 1,105,000.00 1,105,000.00 1,105,000.00 1,332,000.00 1,105,000.00 1,105,000.00 1,105,000.00 1,332,000.00 1,105,000.00 1,105,000.00 1,105,000.00 1,329,000.00 1,105,000.00 1,105,000.00 1,105,000.00 1,329,000.00 1,105,000.00 881,000.00 881,000.00 881,000.00
      Share Premium 15,224,000.00 14,322,000.00 14,299,000.00 14,183,000.00 13,760,000.00 13,750,000.00 13,734,000.00 13,464,000.00 13,274,000.00 13,265,000.00 12,853,000.00 12,774,000.00 12,707,000.00 12,701,000.00 12,455,000.00 12,005,000.00 11,996,000.00 11,688,000.00 11,545,000.00 11,389,000.00
      Retained Earnings 4,911,000.00 4,717,000.00 4,639,000.00 4,425,000.00 4,287,000.00 4,101,000.00 3,977,000.00 3,836,000.00 3,618,000.00 3,564,000.00 3,363,000.00 3,358,000.00 3,300,000.00 3,242,000.00 3,217,000.00 2,891,000.00 2,378,000.00 2,322,000.00 2,187,000.00 1,904,000.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income -52,000.00 -52,000.00 -52,000.00 -52,000.00 -59,000.00 -60,000.00 -60,000.00 -61,000.00 -65,000.00 -66,000.00 -66,000.00 -67,000.00 -82,000.00 -83,000.00 -85,000.00 -91,000.00 -115,000.00 -117,000.00 -120,000.00 -122,000.00
   Minority Interest 567,000.00 577,000.00 588,000.00 518,000.00 530,000.00 538,000.00 560,000.00 581,000.00 572,000.00 561,000.00 572,000.00 580,000.00 591,000.00 593,000.00 551,000.00 557,000.00 563,000.00 569,000.00 575,000.00 581,000.00
Investments 170,000.00 220,000.00 91,000.00 181,000.00 256,000.00 257,000.00 261,000.00 12,044,000.00 274,000.00 265,000.00 196,000.00 265,000.00 202,000.00 202,000.00 208,000.00 279,000.00 188,000.00 184,000.00 2,614,000.00 2,866,000.00
Debt 29,561,000.00 29,614,000.00 27,949,000.00 31,395,000.00 27,408,000.00 26,058,000.00 26,111,000.00 40,211,000.00 24,822,000.00 23,735,000.00 22,398,000.00 26,397,000.00 21,441,000.00 19,495,000.00 20,096,000.00 24,024,000.00 20,055,000.00 19,458,000.00 21,304,000.00 25,305,000.00
Net Debt 28,660,000.00 27,831,000.00 27,161,000.00 30,926,000.00 26,405,000.00 24,372,000.00 24,442,000.00 39,688,000.00 24,516,000.00 23,157,000.00 21,383,000.00 26,056,000.00 21,049,000.00 19,312,000.00 19,516,000.00 23,048,000.00 19,797,000.00 19,173,000.00 20,685,000.00 25,046,000.00
Common Shares Outstanding 304,300.00 299,300.00 299,100.00 298,800.00 298,800.00 298,700.00 298,600.00 294,400.00 291,800.00 291,700.00 291,700.00 291,300.00 290,300.00 290,200.00 290,100.00 289,800.00 289,700.00 289,700.00 289,500.00 288,900.00
Preferred Shares Outstanding 9,200.00 9,200.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9,200.00 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 6,306,000.00 4,285,000.00 2,447,000.00 -3,970,000.00 5,526,000.00 3,783,000.00 2,176,000.00 -4,173,000.00 5,512,000.00 3,839,000.00 2,284,000.00 -4,390,000.00 6,318,000.00 4,294,000.00 2,374,000.00 -3,621,000.00 5,296,000.00 3,571,000.00 2,083,000.00
Cost Of Revenue 3,483,000.00 2,691,000.00 1,746,000.00 -217,000.00 1,923,000.00 1,350,000.00 821,000.00 -1,890,000.00 2,142,000.00 1,561,000.00 1,025,000.00 -2,063,000.00 3,032,000.00 2,030,000.00 1,090,000.00 -1,298,000.00 2,100,000.00 1,397,000.00 794,000.00
Interest Expense 3,835,000.00 2,503,000.00 1,201,000.00 1,530,000.00 1,797,000.00 1,189,000.00 599,000.00 566,000.00 1,557,000.00 1,015,000.00 492,000.00 493,000.00 1,222,000.00 799,000.00 398,000.00 390,000.00 1,186,000.00 789,000.00 405,000.00
Provisions for Credit Losses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5,000.00
Gross Profit 2,823,000.00 1,594,000.00 701,000.00 -3,753,000.00 3,603,000.00 2,433,000.00 1,355,000.00 -2,283,000.00 3,370,000.00 2,278,000.00 1,259,000.00 -2,327,000.00 3,286,000.00 2,264,000.00 1,284,000.00 -2,323,000.00 3,196,000.00 2,174,000.00 1,289,000.00
Operating Expenses -5,033,000.00 -3,367,000.00 -2,322,000.00 -8,826,000.00 1,465,000.00 1,040,000.00 943,000.00 -1,328,000.00 1,691,000.00 1,144,000.00 624,000.00 -553,000.00 1,378,000.00 866,000.00 366,000.00 -462,000.00 1,303,000.00 806,000.00 375,000.00
   Selling, General and Administrative Expenses 1,134,000.00 813,000.00 486,000.00 677,000.00 356,000.00 257,000.00 155,000.00 -264,000.00 330,000.00 239,000.00 142,000.00 -249,000.00 308,000.00 221,000.00 132,000.00 -233,000.00 290,000.00 209,000.00 123,000.00
   Other Operating Expenses -6,167,000.00 -4,180,000.00 -2,808,000.00 -9,503,000.00 1,109,000.00 783,000.00 788,000.00 -1,064,000.00 1,361,000.00 905,000.00 482,000.00 -304,000.00 1,070,000.00 645,000.00 234,000.00 -229,000.00 1,013,000.00 597,000.00 252,000.00
Operating Income 7,856,000.00 4,961,000.00 3,023,000.00 5,073,000.00 2,138,000.00 1,393,000.00 412,000.00 -955,000.00 1,679,000.00 1,134,000.00 635,000.00 -1,774,000.00 1,908,000.00 1,398,000.00 918,000.00 -1,861,000.00 1,893,000.00 1,368,000.00 914,000.00
Net Non-Operating Income -1,687,000.00 -1,052,000.00 -607,000.00 -549,000.00 -456,000.00 -291,000.00 248,000.00 937,000.00 -358,000.00 -210,000.00 -142,000.00 996,000.00 -337,000.00 -227,000.00 -108,000.00 1,522,000.00 -347,000.00 -227,000.00 -129,000.00
EBT 6,169,000.00 3,909,000.00 2,416,000.00 4,524,000.00 1,682,000.00 1,102,000.00 660,000.00 -18,000.00 1,321,000.00 924,000.00 493,000.00 -778,000.00 1,571,000.00 1,171,000.00 810,000.00 -339,000.00 1,546,000.00 1,141,000.00 785,000.00
Income Tax 1,249,000.00 819,000.00 487,000.00 540,000.00 264,000.00 204,000.00 122,000.00 199,000.00 188,000.00 142,000.00 67,000.00 18,000.00 180,000.00 132,000.00 86,000.00 -39,000.00 220,000.00 154,000.00 107,000.00
Equity Method Investments Income 0 0 0 7,000.00 0 0 0 7,000.00 0 0 0 2,000.00 1,000.00 0 0 -4,000.00 8,000.00 4,000.00 2,000.00
Net Income Including Non-Controlling Interests 892,000.00 551,000.00 355,000.00 -492,000.00 784,000.00 525,000.00 311,000.00 -295,000.00 599,000.00 420,000.00 242,000.00 -753,000.00 761,000.00 570,000.00 391,000.00 -249,000.00 732,000.00 537,000.00 356,000.00
Net Income Non-Controlling Interests -22,000.00 -17,000.00 -9,000.00 54,000.00 -46,000.00 -40,000.00 -24,000.00 -30,000.00 -21,000.00 -18,000.00 -10,000.00 14,000.00 -16,000.00 -14,000.00 -8,000.00 14,000.00 -18,000.00 -12,000.00 -7,000.00
Net Income 870,000.00 534,000.00 346,000.00 -438,000.00 738,000.00 485,000.00 287,000.00 -325,000.00 578,000.00 402,000.00 232,000.00 -739,000.00 745,000.00 556,000.00 383,000.00 -235,000.00 714,000.00 525,000.00 349,000.00
EBIT 10,004,000.00 6,412,000.00 3,617,000.00 6,054,000.00 3,479,000.00 2,291,000.00 1,259,000.00 548,000.00 2,878,000.00 1,939,000.00 985,000.00 -285,000.00 2,793,000.00 1,970,000.00 1,208,000.00 51,000.00 2,732,000.00 1,930,000.00 1,190,000.00
Deprecation and Amortization 2,892,000.00 2,028,000.00 1,164,000.00 1,796,000.00 914,000.00 641,000.00 368,000.00 -651,000.00 870,000.00 608,000.00 353,000.00 -636,000.00 830,000.00 587,000.00 345,000.00 -640,000.00 832,000.00 582,000.00 340,000.00
EBITDA 12,896,000.00 8,440,000.00 4,781,000.00 7,850,000.00 4,393,000.00 2,932,000.00 1,627,000.00 -103,000.00 3,748,000.00 2,547,000.00 1,338,000.00 -921,000.00 3,623,000.00 2,557,000.00 1,553,000.00 -589,000.00 3,564,000.00 2,512,000.00 1,530,000.00
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 299,700.00 298,500.00 298,200.00 298,000.00 298,000.00 297,900.00 296,500.00 292,200.00 291,000.00 290,900.00 290,700.00 289,600.00 289,600.00 289,500.00 289,300.00 577,900.00 289,100.00 289,000.00 0
Average Shares Outstanding Diluted 300,400.00 299,100.00 299,100.00 298,700.00 298,800.00 298,500.00 297,200.00 292,900.00 291,400.00 291,300.00 291,200.00 289,900.00 290,100.00 290,100.00 289,900.00 289,900.00 289,600.00 289,400.00 289,100.00
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 3,531,000.00 2,893,000.00 2,031,000.00 -3,680,000.00 3,981,000.00 3,354,000.00 1,935,000.00 -4,110,000.00 3,870,000.00 3,464,000.00 2,110,000.00 -2,684,000.00 1,428,000.00 2,218,000.00 1,452,000.00 -2,133,000.00 2,955,000.00 2,744,000.00 1,673,000.00
   Operating Net Income 2,368,000.00 1,510,000.00 936,000.00 -453,000.00 692,000.00 445,000.00 263,000.00 -327,000.00 557,000.00 384,000.00 194,000.00 -3,379,000.00 650,000.00 2,086,000.00 1,456,000.00 -1,854,000.00 2,816,000.00 2,078,000.00 1,356,000.00
   Deprecation and Amortization 2,892,000.00 2,028,000.00 1,164,000.00 1,796,000.00 914,000.00 641,000.00 368,000.00 -651,000.00 870,000.00 608,000.00 353,000.00 -636,000.00 830,000.00 587,000.00 345,000.00 -640,000.00 832,000.00 582,000.00 340,000.00
   Deferred Income Tax 228,000.00 190,000.00 121,000.00 -68,000.00 202,000.00 155,000.00 103,000.00 -100,000.00 203,000.00 144,000.00 66,000.00 -88,000.00 137,000.00 94,000.00 80,000.00 -99,000.00 239,000.00 164,000.00 99,000.00
   Share Based Compensation 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Change in Working Capital -108,000.00 -412,000.00 -491,000.00 2,323,000.00 -705,000.00 -1,182,000.00 -874,000.00 3,965,000.00 -1,517,000.00 -2,215,000.00 -1,543,000.00 897,000.00 1,660,000.00 198,000.00 -525,000.00 1,595,000.00 258,000.00 -497,000.00 -658,000.00
   Other Operating Activities -1,849,000.00 -423,000.00 301,000.00 -7,278,000.00 2,878,000.00 3,295,000.00 2,075,000.00 -6,997,000.00 3,757,000.00 4,543,000.00 3,040,000.00 522,000.00 -1,849,000.00 -747,000.00 96,000.00 -1,135,000.00 -1,190,000.00 417,000.00 536,000.00
Investing Cash Flow -5,495,000.00 -3,512,000.00 -1,718,000.00 1,032,000.00 -4,095,000.00 -2,422,000.00 -1,244,000.00 3,163,000.00 -5,329,000.00 -4,050,000.00 -1,239,000.00 1,494,000.00 -3,523,000.00 -2,233,000.00 -1,068,000.00 1,329,000.00 -2,901,000.00 -1,691,000.00 -741,000.00
   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 5,139,000.00 3,291,000.00 1,657,000.00 -1,957,000.00 4,099,000.00 2,522,000.00 1,197,000.00 -3,862,000.00 5,081,000.00 3,888,000.00 1,172,000.00 -1,921,000.00 3,380,000.00 2,128,000.00 1,026,000.00 -1,368,000.00 2,875,000.00 1,751,000.00 870,000.00
   Net Purchase/Sale of Investments Net 356,000.00 221,000.00 61,000.00 -125,000.00 244,000.00 148,000.00 47,000.00 -169,000.00 248,000.00 162,000.00 67,000.00 -93,000.00 148,000.00 110,000.00 47,000.00 -490,000.00 182,000.00 120,000.00 321,000.00
   Net Purchase/Sale of Business 0 0 0 -124,000.00 124,000.00 124,000.00 0 0 0 0 0 -10,000.00 5,000.00 5,000.00 5,000.00 898,000.00 0 0 0
   Other Investing Activities -10,990,000.00 -7,024,000.00 -3,436,000.00 3,238,000.00 -8,562,000.00 -5,216,000.00 -2,488,000.00 7,194,000.00 -10,658,000.00 -8,100,000.00 -2,478,000.00 3,518,000.00 -7,056,000.00 -4,476,000.00 -2,146,000.00 2,289,000.00 -5,958,000.00 -3,562,000.00 -1,932,000.00
Financing Cash Flow 2,410,000.00 1,927,000.00 37,000.00 -474,000.00 680,000.00 249,000.00 532,000.00 167,000.00 1,435,000.00 866,000.00 -172,000.00 1,179,000.00 1,880,000.00 -383,000.00 -392,000.00 1,016,000.00 -100,000.00 -984,000.00 -594,000.00
   Net Issuance/Repayment of Debt 4,597,000.00 4,449,000.00 1,829,000.00 -1,385,000.00 3,887,000.00 1,734,000.00 1,331,000.00 -9,250,000.00 8,864,000.00 6,813,000.00 4,440,000.00 869,000.00 2,804,000.00 196,000.00 3,000.00 468,000.00 631,000.00 31,000.00 2,000.00
   Net Issuance/Repurchase of Equity 373,000.00 17,000.00 3,000.00 -548,000.00 283,000.00 279,000.00 272,000.00 171,000.00 10,000.00 7,000.00 4,000.00 172,000.00 10,000.00 7,000.00 4,000.00 -552,000.00 822,000.00 295,000.00 159,000.00
   Dividends Paid 0 0 0 12,000.00 0 0 0 0 897,000.00 596,000.00 432,000.00 -261,000.00 1,004,000.00 707,000.00 411,000.00 -247,000.00 951,000.00 634,000.00 402,000.00
   Other Financing Activities -2,560,000.00 -2,539,000.00 -1,795,000.00 1,447,000.00 -3,490,000.00 -1,764,000.00 -1,071,000.00 11,171,000.00 -8,336,000.00 -6,550,000.00 -5,048,000.00 399,000.00 -1,938,000.00 -1,293,000.00 -810,000.00 1,347,000.00 -2,504,000.00 -1,944,000.00 -1,157,000.00
Net Change in Cash 446,000.00 1,308,000.00 350,000.00 -3,122,000.00 566,000.00 1,181,000.00 1,223,000.00 -780,000.00 -24,000.00 280,000.00 699,000.00 -11,000.00 -215,000.00 -398,000.00 -8,000.00 141,000.00 71,000.00 140,000.00 338,000.00
   Cash at Beginning of Period -14,000.00 -383,000.00 176,000.00 3,300,000.00 -99,000.00 -392,000.00 -362,000.00 1,028,000.00 208,000.00 126,000.00 -101,000.00 193,000.00 410,000.00 494,000.00 482,000.00 335,000.00 165,000.00 152,000.00 186,000.00
   Cash at End of Period 432,000.00 925,000.00 526,000.00 178,000.00 467,000.00 789,000.00 861,000.00 248,000.00 184,000.00 406,000.00 598,000.00 182,000.00 195,000.00 96,000.00 474,000.00 476,000.00 236,000.00 292,000.00 524,000.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0