CUBE
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Price to Earnings | 24.77 | 25.47 | 31.20 | 51.74 | 39.54 |
| Price to Sales | 18.24 | 19.96 | 8.97 | 14.10 | 9.61 |
| Book Value Per Common Share | 12.88 | 12.74 | 12.91 | 13.21 | 9.28 |
| Price to Book | 3.33 | 3.64 | 3.12 | 4.31 | 3.62 |
| Price to Operating Cash Flow | 30.82 | 34.30 | 15.31 | 25.82 | 18.59 |
| Price to Free Cash Flow | |||||
| Enterprise Value to EBITDA |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price to Earnings | 36.30 | 56.67 | 109.51 | 42.05 | 54.42 | 107.67 | 28.89 | 51.33 | 107.49 | 43.08 | 99.35 | 306.06 | 54.44 | 102.93 | 180.14 | |||||
| Price to Sales | 22.19 | 35.09 | 71.72 | 30.55 | 38.78 | 78.33 | 10.94 | 19.45 | 40.59 | 12.03 | 19.71 | 49.00 | 16.21 | 23.91 | 39.90 | |||||
| Book Value Per Common Share | 12.39 | 12.53 | 12.68 | 12.88 | 12.59 | 12.58 | 12.65 | 12.74 | 12.79 | 12.77 | 12.81 | 12.91 | 13.03 | 12.94 | 13.06 | 13.21 | 10.02 | 9.63 | 9.37 | 9.28 |
| Price to Book | 3.28 | 3.39 | 3.37 | 3.33 | 4.27 | 3.59 | 3.57 | 3.64 | 2.98 | 3.50 | 3.61 | 3.12 | 3.07 | 3.30 | 3.98 | 4.31 | 4.83 | 4.81 | 4.04 | 3.62 |
| Price to Operating Cash Flow | 39.50 | 64.15 | 133.85 | 52.30 | 63.74 | 136.37 | 18.48 | 33.91 | 76.84 | 20.18 | 33.78 | 89.41 | 28.39 | 42.68 | 76.73 | |||||
| Price to Free Cash Flow | ||||||||||||||||||||
| Enterprise Value to EBITDA |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Earning YoY | -4.95 | 41.09 | 17.27 | 29.41 | |
| Revenue YoY | 1.51 | 4.03 | 22.74 | 21.11 | |
| EBITDA YoY | |||||
| Net Profit YoY | -4.77 | 41.03 | 30.33 | 34.94 |
| 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 | 49.33 | 92.31 | 54.22 | 97.62 | 51.72 | 102.33 | 116.28 | 152.94 | 97.78 | 114.29 | ||||||||||
| Revenue YoY | 51.33 | 103.39 | 51.34 | 101.84 | 51.78 | 101.67 | 53.65 | 104.23 | 54.77 | 105.51 | ||||||||||
| EBITDA YoY | ||||||||||||||||||||
| Net Profit YoY | 48.17 | 93.01 | 53.48 | 99.40 | 52.52 | 100.32 | 116.97 | 152.95 | 96.87 | 116.82 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Cash Per Common Share | 0.33 | 0.01 | 0.03 | 0.05 | 0.02 |
| Quick Ratio | |||||
| Current Ratio | |||||
| Debt to Equity | 1.06 | 1.03 | 1.05 | 1.02 | 1.26 |
| Long-Term Debt to Equity |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash Per Common Share | 0.49 | 0.06 | 0.07 | 0.65 | 0.20 | 0.04 | 0.03 | 0.03 | 0.04 | 0.04 | 0.02 | 0.03 | 0.02 | 0.02 | 0.04 | 0.05 | 0.10 | 0.02 | 0.02 | 0.02 |
| Quick Ratio | ||||||||||||||||||||
| Current Ratio | ||||||||||||||||||||
| Debt to Equity | 1.30 | 1.26 | 1.24 | 1.06 | 1.03 | 1.04 | 1.04 | 1.03 | 1.04 | 1.05 | 1.05 | 1.05 | 1.04 | 1.04 | 1.03 | 1.02 | 0.91 | 0.98 | 1.18 | 1.26 |
| Long-Term Debt to Equity |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| ROA | 2.75 | 3.03 | 2.12 | 1.57 | 1.69 |
| ROE | 5.65 | 6.16 | 4.34 | 3.16 | 3.82 |
| Gross Margin | 10.60 | 71.93 | 70.95 | 69.35 | 67.07 |
| Operating Margin | |||||
| EBITDA Margin | |||||
| Net Profit Margin | 36.69 | 39.11 | 28.85 | 27.17 | 24.39 |
| 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 | 1.74 | 1.18 | 0.61 | 2.15 | 1.40 | 0.70 | 2.21 | 1.44 | 0.72 | 1.51 | 0.69 | 0.27 | 1.63 | 0.85 | 0.43 | |||||
| ROE | 4.00 | 2.66 | 1.36 | 4.36 | 2.86 | 1.43 | 4.50 | 2.95 | 1.47 | 3.09 | 1.40 | 0.55 | 3.11 | 1.69 | 0.93 | |||||
| Gross Margin | 6.19 | 7.10 | 8.88 | 69.69 | 69.65 | 70.53 | 71.54 | 71.79 | 72.27 | 70.51 | 70.44 | 70.42 | 68.53 | 67.80 | 67.58 | |||||
| Operating Margin | ||||||||||||||||||||
| EBITDA Margin | ||||||||||||||||||||
| Net Profit Margin | 30.35 | 31.00 | 32.67 | 36.23 | 35.73 | 36.16 | 37.96 | 37.78 | 38.03 | 27.97 | 19.81 | 15.99 | 29.66 | 23.32 | 22.10 |
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 | 14,248,503.00 | 13,540,746.00 | 13,739,887.00 | 14,280,220.00 | 9,796,008.00 |
| Cash and Short-Term Investments | 148,934.00 | 6,526.00 | 6,064.00 | 11,140.00 | 3,592.00 |
| Cash and Cash Equivalents | 148,934.00 | 6,526.00 | 6,064.00 | 11,140.00 | 3,592.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 10,372.00 | 8,944.00 | 7,932.00 | 8,145.00 | 5,829.00 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 |
| Property, Plant, Equipment Net | 49,435.00 | 50,476.00 | 49,491.00 | 54,741.00 | 55,302.00 |
| Real Estate | 39,554,567.00 | 37,914,437.00 | 37,554,813.00 | 37,066,654.00 | 27,687,460.00 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 10,332.00 | 1,806.00 | 2,263.00 | 108,794.00 | 57,820.00 |
| Long-Term Investments | 367,892.00 | 393,152.00 | 423,972.00 | 479,004.00 | 368,284.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 |
| Liabilities | 7,328,720.00 | 6,870,726.00 | 7,022,282.00 | 7,201,372.00 | 5,456,036.00 |
| Payables and Expenses | 0 | 0 | 0 | 0 | 0 |
| Account Payables | 0 | 0 | 0 | 0 | 0 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Equity | 6,919,783.00 | 6,670,020.00 | 6,717,605.00 | 7,078,848.00 | 4,339,972.00 |
| Shareholders Equity | 2,932,849.00 | 2,865,274.00 | 2,899,492.00 | 2,957,646.00 | 1,832,216.00 |
| Capital Stock | 2,278.00 | 2,249.00 | 2,246.00 | 2,239.00 | 1,974.00 |
| Share Premium | 4,285,570.00 | 4,142,229.00 | 4,125,478.00 | 4,088,392.00 | 2,805,673.00 |
| Retained Earnings | -1,415,662.00 | -1,345,239.00 | -1,301,030.00 | -1,218,498.00 | -974,799.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | -330.00 | -411.00 | -491.00 | -570.00 | -632.00 |
| Minority Interest | 180,924.00 | 191,652.00 | 208,751.00 | 276,052.00 | 8,632.00 |
| Investments | 367,892.00 | 393,152.00 | 423,972.00 | 479,004.00 | 368,284.00 |
| Debt | 972,537.00 | 515,986.00 | 620,270.00 | 634,630.00 | 780,710.00 |
| Net Debt | 823,603.00 | 509,460.00 | 614,206.00 | 623,490.00 | 777,118.00 |
| Common Shares Outstanding | 227,764.98 | 224,921.05 | 224,603.46 | 223,917.99 | 197,405.99 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Revenues | 1,066,231.00 | 1,050,334.00 | 1,009,624.00 | 822,564.00 | 679,177.00 |
| Cost Of Revenue | 953,250.00 | 294,780.00 | 293,260.00 | 252,104.00 | 223,634.00 |
| Gross Profit | 112,981.00 | 755,554.00 | 716,364.00 | 570,460.00 | 455,543.00 |
| Selling, General and Administrative Expenses | 178,989.00 | 57,041.00 | 54,623.00 | 47,809.00 | 41,423.00 |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBT | 0 | 0 | 0 | 0 | 0 |
| Income Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity Method Investments Income | 7,497.00 | 6,085.00 | 48,877.00 | 75,825.00 | 534.00 |
| Net Income Including Non-Controlling Interests | 1,179,212.00 | 835,492.00 | 706,635.00 | 508,100.00 | 167,611.00 |
| Net Income Non-Controlling Interests | -788,032.00 | -424,735.00 | -415,372.00 | -284,618.00 | -1,990.00 |
| Net Income | 391,180.00 | 410,757.00 | 291,263.00 | 223,482.00 | 165,621.00 |
| Deprecation and Amortization | 209,770.00 | 964.00 | 964.00 | 964.00 | 49.00 |
| 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 | 453,956.00 | 452,241.00 | 224,928.00 | 203,832.00 | 194,147.00 |
| Average Shares Outstanding Diluted | 455,550.00 | 453,875.00 | 225,881.00 | 205,009.00 | 194,943.00 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Operating Cash Flow | 631,074.00 | 611,136.00 | 591,466.00 | 449,185.00 | 351,033.00 |
| Operating Net Income | 1,179,212.00 | 835,492.00 | 706,635.00 | 508,100.00 | 167,611.00 |
| Deprecation and Amortization | 209,770.00 | 964.00 | 964.00 | 964.00 | 49.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 11,487.00 | 10,089.00 | 9,081.00 | 8,088.00 | 7,140.00 |
| Change in Working Capital | 62,098.00 | 19,768.00 | 36,858.00 | 56,082.00 | 51,020.00 |
| Other Operating Activities | -831,493.00 | -255,177.00 | -162,072.00 | -124,049.00 | 125,213.00 |
| Investing Cash Flow | -173,959.00 | -93,818.00 | -48,767.00 | -1,852,668.00 | -511,441.00 |
| Capital Expenditure | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Purchase/Sale of PPE | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Investments Net | 5,000.00 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | 57,176.00 | 0 | 0 | 1,678,984.00 | 0 |
| Other Investing Activities | -236,135.00 | -93,818.00 | -48,767.00 | -3,531,652.00 | -511,441.00 |
| Financing Cash Flow | -387,669.00 | -518,026.00 | -547,092.00 | 1,410,572.00 | 108,196.00 |
| Net Issuance/Repayment of Debt | 2,824,356.00 | 3,263,388.00 | 2,833,800.00 | 5,528,938.00 | 2,372,406.00 |
| Net Issuance/Repurchase of Equity | 128,211.00 | 2,440.00 | 6,467.00 | 973,503.00 | 121,688.00 |
| Dividends Paid | 926,118.00 | 887,190.00 | 776,914.00 | 555,975.00 | 515,046.00 |
| Other Financing Activities | -4,266,354.00 | -4,671,044.00 | -4,164,273.00 | -5,647,844.00 | -2,900,944.00 |
| Net Change in Cash | 69,446.00 | -708.00 | -4,393.00 | 7,089.00 | -52,212.00 |
| Cash at Beginning of Period | 8,217.00 | 8,925.00 | 13,318.00 | 6,229.00 | 58,441.00 |
| Cash at End of Period | 77,663.00 | 8,217.00 | 8,925.00 | 13,318.00 | 6,229.00 |
| 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 | 14,675,373.00 | 14,578,336.00 | 14,637,046.00 | 14,248,503.00 | 13,475,566.00 | 13,464,015.00 | 13,506,913.00 | 13,540,746.00 | 13,503,998.00 | 13,590,119.00 | 13,592,533.00 | 13,739,887.00 | 13,833,673.00 | 14,077,680.00 | 14,112,100.00 | 14,280,220.00 | 10,941,900.00 | 10,619,201.00 | 9,781,926.00 | 9,796,008.00 |
| Cash and Short-Term Investments | 226,352.00 | 25,664.00 | 30,334.00 | 148,934.00 | 90,726.00 | 16,022.00 | 15,164.00 | 6,526.00 | 8,028.00 | 9,220.00 | 5,510.00 | 6,064.00 | 5,183.00 | 5,148.00 | 7,890.00 | 11,140.00 | 20,332.00 | 3,989.00 | 3,650.00 | 3,592.00 |
| Cash and Cash Equivalents | 226,352.00 | 25,664.00 | 30,334.00 | 148,934.00 | 90,726.00 | 16,022.00 | 15,164.00 | 6,526.00 | 8,028.00 | 9,220.00 | 5,510.00 | 6,064.00 | 5,183.00 | 5,148.00 | 7,890.00 | 11,140.00 | 20,332.00 | 3,989.00 | 3,650.00 | 3,592.00 |
| 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 | 9,825.00 | 9,907.00 | 9,096.00 | 10,372.00 | 9,859.00 | 9,213.00 | 7,907.00 | 8,944.00 | 8,559.00 | 7,673.00 | 7,200.00 | 7,932.00 | 8,190.00 | 8,505.00 | 7,990.00 | 8,145.00 | 6,812.00 | 5,905.00 | 5,313.00 | 5,829.00 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Property, Plant, Equipment Net | 48,671.00 | 48,920.00 | 49,175.00 | 49,435.00 | 49,682.00 | 49,928.00 | 50,179.00 | 50,476.00 | 50,101.00 | 50,389.00 | 49,157.00 | 49,491.00 | 49,761.00 | 50,029.00 | 50,309.00 | 54,741.00 | 54,385.00 | 54,683.00 | 54,989.00 | 55,302.00 |
| Real Estate | 42,061,077.00 | 42,014,552.00 | 41,941,523.00 | 39,554,567.00 | 38,414,079.00 | 38,386,713.00 | 38,412,095.00 | 37,914,437.00 | 38,043,735.00 | 37,990,733.00 | 37,958,054.00 | 37,554,813.00 | 37,942,248.00 | 37,990,923.00 | 37,765,808.00 | 37,066,654.00 | 29,495,696.00 | 29,183,506.00 | 28,190,197.00 | 27,687,460.00 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 28,081.00 | 25,962.00 | 36,771.00 | 10,332.00 | 2,220.00 | 1,511.00 | 2,036.00 | 1,806.00 | 0 | 0 | 1,609.00 | 2,263.00 | 97,480.00 | 72,381.00 | 79,488.00 | 108,794.00 | 44,748.00 | 29,930.00 | 42,867.00 | 57,820.00 |
| Long-Term Investments | 297,280.00 | 298,560.00 | 304,168.00 | 367,892.00 | 368,644.00 | 376,212.00 | 384,908.00 | 393,152.00 | 398,680.00 | 405,928.00 | 414,748.00 | 423,972.00 | 431,020.00 | 458,108.00 | 468,100.00 | 479,004.00 | 445,416.00 | 389,204.00 | 375,188.00 | 368,284.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Liabilities | 8,294,466.00 | 8,118,268.00 | 8,096,438.00 | 7,328,720.00 | 6,844,072.00 | 6,875,296.00 | 6,882,666.00 | 6,870,726.00 | 6,885,396.00 | 6,956,026.00 | 6,948,152.00 | 7,022,282.00 | 7,055,646.00 | 7,185,032.00 | 7,168,374.00 | 7,201,372.00 | 5,218,382.00 | 5,250,642.00 | 5,284,592.00 | 5,456,036.00 |
| Payables and Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Account Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity | 6,380,907.00 | 6,460,068.00 | 6,540,608.00 | 6,919,783.00 | 6,631,494.00 | 6,588,719.00 | 6,624,247.00 | 6,670,020.00 | 6,618,602.00 | 6,634,093.00 | 6,644,381.00 | 6,717,605.00 | 6,778,027.00 | 6,892,648.00 | 6,943,726.00 | 7,078,848.00 | 5,723,518.00 | 5,368,559.00 | 4,497,334.00 | 4,339,972.00 |
| Shareholders Equity | 2,826,123.00 | 2,857,769.00 | 2,889,499.00 | 2,932,849.00 | 2,846,474.00 | 2,832,736.00 | 2,846,709.00 | 2,865,274.00 | 2,874,816.00 | 2,870,479.00 | 2,878,962.00 | 2,899,492.00 | 2,926,490.00 | 2,905,339.00 | 2,930,747.00 | 2,957,646.00 | 2,037,307.00 | 1,943,825.00 | 1,877,602.00 | 1,832,216.00 |
| Capital Stock | 2,280.00 | 2,280.00 | 2,279.00 | 2,278.00 | 2,260.00 | 2,252.00 | 2,250.00 | 2,249.00 | 2,249.00 | 2,248.00 | 2,247.00 | 2,246.00 | 2,246.00 | 2,245.00 | 2,244.00 | 2,239.00 | 2,033.00 | 2,018.00 | 2,004.00 | 1,974.00 |
| Share Premium | 4,295,941.00 | 4,293,182.00 | 4,287,772.00 | 4,285,570.00 | 4,195,449.00 | 4,154,269.00 | 4,144,972.00 | 4,142,229.00 | 4,137,466.00 | 4,132,621.00 | 4,128,563.00 | 4,125,478.00 | 4,121,824.00 | 4,114,149.00 | 4,112,183.00 | 4,088,392.00 | 3,037,520.00 | 2,961,696.00 | 2,909,730.00 | 2,805,673.00 |
| Retained Earnings | -1,515,815.00 | -1,481,494.00 | -1,445,520.00 | -1,415,662.00 | -1,411,850.00 | -1,386,056.00 | -1,364,723.00 | -1,345,239.00 | -1,332,081.00 | -1,333,148.00 | -1,322,576.00 | -1,301,030.00 | -1,271,905.00 | -1,291,916.00 | -1,266,804.00 | -1,218,498.00 | -1,113,025.00 | -1,116,596.00 | -1,033,519.00 | -974,799.00 |
| 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 | -270.00 | -290.00 | -310.00 | -330.00 | -351.00 | -371.00 | -391.00 | -411.00 | -431.00 | -451.00 | -471.00 | -491.00 | -511.00 | -531.00 | -551.00 | -570.00 | -575.00 | -594.00 | -613.00 | -632.00 |
| Minority Interest | 114,153.00 | 113,894.00 | 117,576.00 | 180,924.00 | 174,609.00 | 180,481.00 | 186,880.00 | 191,652.00 | 188,204.00 | 193,502.00 | 198,781.00 | 208,751.00 | 213,797.00 | 258,527.00 | 265,181.00 | 276,052.00 | 330,165.00 | 265,712.00 | 8,597.00 | 8,632.00 |
| Investments | 297,280.00 | 298,560.00 | 304,168.00 | 367,892.00 | 368,644.00 | 376,212.00 | 384,908.00 | 393,152.00 | 398,680.00 | 405,928.00 | 414,748.00 | 423,972.00 | 431,020.00 | 458,108.00 | 468,100.00 | 479,004.00 | 445,416.00 | 389,204.00 | 375,188.00 | 368,284.00 |
| Debt | 969,879.00 | 970,770.00 | 971,628.00 | 972,537.00 | 415,718.00 | 417,534.00 | 513,115.00 | 515,986.00 | 518,830.00 | 521,664.00 | 616,613.00 | 620,270.00 | 623,876.00 | 627,457.00 | 631,033.00 | 634,630.00 | 638,179.00 | 641,671.00 | 644,987.00 | 780,710.00 |
| Net Debt | 743,527.00 | 945,106.00 | 941,294.00 | 823,603.00 | 324,992.00 | 401,512.00 | 497,951.00 | 509,460.00 | 510,802.00 | 512,444.00 | 611,103.00 | 614,206.00 | 618,693.00 | 622,309.00 | 623,143.00 | 623,490.00 | 617,847.00 | 637,682.00 | 641,337.00 | 777,118.00 |
| Common Shares Outstanding | 228,035.27 | 228,033.84 | 227,920.22 | 227,764.98 | 226,002.62 | 225,196.86 | 224,965.17 | 224,921.05 | 224,859.02 | 224,797.24 | 224,671.52 | 224,603.46 | 224,568.38 | 224,452.55 | 224,433.51 | 223,917.99 | 203,284.76 | 201,768.90 | 200,421.56 | 197,405.99 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | 840,419.00 | 555,339.00 | 273,036.00 | -521,295.00 | 798,505.00 | 527,615.00 | 261,406.00 | -508,736.00 | 785,209.00 | 517,333.00 | 256,528.00 | -464,807.00 | 748,637.00 | 487,229.00 | 238,565.00 | -355,017.00 | 600,652.00 | 388,088.00 | 188,841.00 |
| Cost Of Revenue | 788,430.00 | 515,886.00 | 248,802.00 | 474,077.00 | 242,002.00 | 160,134.00 | 77,037.00 | -145,789.00 | 223,494.00 | 145,948.00 | 71,127.00 | -142,113.00 | 220,767.00 | 144,039.00 | 70,567.00 | -123,147.00 | 189,044.00 | 124,979.00 | 61,228.00 |
| Gross Profit | 51,989.00 | 39,453.00 | 24,234.00 | -995,372.00 | 556,503.00 | 367,481.00 | 184,369.00 | -362,947.00 | 561,715.00 | 371,385.00 | 185,401.00 | -322,694.00 | 527,870.00 | 343,190.00 | 167,998.00 | -231,870.00 | 411,608.00 | 263,109.00 | 127,613.00 |
| Selling, General and Administrative Expenses | 142,413.00 | 92,895.00 | 48,204.00 | 88,605.00 | 44,512.00 | 30,247.00 | 15,625.00 | -29,691.00 | 43,059.00 | 28,999.00 | 14,674.00 | -29,792.00 | 41,640.00 | 28,250.00 | 14,525.00 | -20,154.00 | 34,571.00 | 22,476.00 | 10,916.00 |
| Interest Expense | 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 |
| EBT | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity Method Investments Income | 6,296.00 | 3,704.00 | 1,516.00 | -3,912.00 | 5,064.00 | 3,810.00 | 2,535.00 | -25,037.00 | 13,446.00 | 10,023.00 | 7,653.00 | -97,523.00 | 142,596.00 | 2,922.00 | 882.00 | 71,301.00 | 3,456.00 | 1,008.00 | 60.00 |
| Net Income Including Non-Controlling Interests | 762,726.00 | 514,245.00 | 266,106.00 | 25,013.00 | 582,360.00 | 380,208.00 | 191,631.00 | -362,778.00 | 604,964.00 | 395,802.00 | 197,504.00 | -104,273.00 | 538,792.00 | 195,716.00 | 76,400.00 | -86,788.00 | 367,024.00 | 184,549.00 | 43,315.00 |
| Net Income Non-Controlling Interests | -507,639.00 | -342,088.00 | -176,909.00 | -206,139.00 | -293,072.00 | -191,717.00 | -97,104.00 | 182,434.00 | -306,874.00 | -200,357.00 | -99,938.00 | 51,467.00 | -329,391.00 | -99,203.00 | -38,245.00 | -80.00 | -188,890.00 | -94,065.00 | -1,583.00 |
| Net Income | 255,087.00 | 172,157.00 | 89,197.00 | -181,126.00 | 289,288.00 | 188,491.00 | 94,527.00 | -180,344.00 | 298,090.00 | 195,445.00 | 97,566.00 | -52,806.00 | 209,401.00 | 96,513.00 | 38,155.00 | -86,868.00 | 178,134.00 | 90,484.00 | 41,732.00 |
| Deprecation and Amortization | 196,032.00 | 128,086.00 | 60,377.00 | -50,020.00 | 155,993.00 | 103,797.00 | 0.00 | 964.00 | 0.00 | 0.00 | 0.00 | 964.00 | 0.00 | 0.00 | 0.00 | -482.00 | 723.00 | 482.00 | 241.00 |
| 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 | 458,591.00 | 458,542.00 | 458,497.00 | 456,928.00 | 453,144.00 | 452,928.00 | 452,824.00 | 1,132,948.00 | 225,380.00 | 225,342.00 | 225,294.00 | 225,354.00 | 224,883.00 | 224,812.00 | 224,663.00 | 214,941.00 | 200,934.00 | 200,293.00 | 199,160.00 |
| Average Shares Outstanding Diluted | 459,603.00 | 459,688.00 | 459,509.00 | 458,428.00 | 454,872.00 | 454,460.00 | 454,440.00 | 1,136,873.00 | 226,206.00 | 226,238.00 | 226,183.00 | 226,086.00 | 225,881.00 | 225,820.00 | 225,737.00 | 215,985.00 | 202,291.00 | 201,527.00 | 200,233.00 |
| 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 | 472,021.00 | 303,800.00 | 146,321.00 | -306,496.00 | 466,408.00 | 321,012.00 | 150,150.00 | -286,276.00 | 465,135.00 | 296,771.00 | 135,506.00 | -270,069.00 | 446,496.00 | 284,304.00 | 130,735.00 | -209,295.00 | 342,940.00 | 217,358.00 | 98,182.00 |
| Operating Net Income | 762,726.00 | 514,245.00 | 266,106.00 | 25,013.00 | 582,360.00 | 380,208.00 | 191,631.00 | -362,778.00 | 604,964.00 | 395,802.00 | 197,504.00 | -104,273.00 | 538,792.00 | 195,716.00 | 76,400.00 | -86,788.00 | 367,024.00 | 184,549.00 | 43,315.00 |
| Deprecation and Amortization | 196,032.00 | 128,086.00 | 60,377.00 | -50,020.00 | 155,993.00 | 103,797.00 | 0 | 964.00 | 0 | 0 | 0 | 964.00 | 0 | 0 | 0 | -482.00 | 723.00 | 482.00 | 241.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 8,601.00 | 5,712.00 | 3,208.00 | -5,619.00 | 8,590.00 | 5,687.00 | 2,829.00 | -4,962.00 | 7,530.00 | 4,985.00 | 2,536.00 | -4,421.00 | 6,804.00 | 4,505.00 | 2,193.00 | -4,064.00 | 6,067.00 | 4,043.00 | 2,042.00 |
| Change in Working Capital | 52,200.00 | 42,134.00 | -29,552.00 | -78,226.00 | 71,722.00 | 67,774.00 | 828.00 | -95,144.00 | 59,724.00 | 68,944.00 | -13,756.00 | -55,880.00 | 50,470.00 | 43,922.00 | -1,654.00 | -79,714.00 | 62,402.00 | 69,530.00 | 3,864.00 |
| Other Operating Activities | -547,538.00 | -386,377.00 | -153,818.00 | -197,644.00 | -352,257.00 | -236,454.00 | -45,138.00 | 175,644.00 | -207,083.00 | -172,960.00 | -50,778.00 | -106,459.00 | -149,570.00 | 40,161.00 | 53,796.00 | -38,247.00 | -93,276.00 | -41,246.00 | 48,720.00 |
| Investing Cash Flow | -512,953.00 | -491,395.00 | -467,334.00 | -12,315.00 | -72,861.00 | -54,563.00 | -34,220.00 | 30,509.00 | -54,827.00 | -45,140.00 | -24,360.00 | 41,617.00 | -31,221.00 | -50,075.00 | -9,088.00 | -1,614,217.00 | -129,949.00 | -87,970.00 | -20,532.00 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 0 | 5,000.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 57,176.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,678,984.00 | 0 | 0 | 0 |
| Other Investing Activities | -512,953.00 | -491,395.00 | -467,334.00 | -74,491.00 | -72,861.00 | -54,563.00 | -34,220.00 | 30,509.00 | -54,827.00 | -45,140.00 | -24,360.00 | 41,617.00 | -31,221.00 | -50,075.00 | -9,088.00 | -3,293,201.00 | -129,949.00 | -87,970.00 | -20,532.00 |
| Financing Cash Flow | 78,026.00 | 124,264.00 | 259,104.00 | 352,670.00 | -356,409.00 | -267,396.00 | -116,534.00 | 252,007.00 | -409,333.00 | -249,411.00 | -111,289.00 | 237,242.00 | -420,389.00 | -239,443.00 | -124,502.00 | 1,776,999.00 | -159,150.00 | -129,390.00 | -77,887.00 |
| Net Issuance/Repayment of Debt | 4,446,112.00 | 2,247,564.00 | 1,545,556.00 | -2,174,296.00 | 2,486,224.00 | 1,657,348.00 | 855,080.00 | -1,978,772.00 | 2,547,732.00 | 1,815,136.00 | 879,292.00 | -1,335,008.00 | 2,250,360.00 | 1,263,320.00 | 655,128.00 | -457,162.00 | 2,906,232.00 | 1,877,424.00 | 1,202,444.00 |
| Net Issuance/Repurchase of Equity | 1,269.00 | 1,380.00 | -167.00 | 80,687.00 | 42,661.00 | 4,671.00 | 192.00 | -3,445.00 | 2,491.00 | 2,570.00 | 824.00 | -2,178.00 | 6,480.00 | 1,062.00 | 1,103.00 | 517,452.00 | 207,827.00 | 147,364.00 | 100,860.00 |
| Dividends Paid | 716,203.00 | 477,423.00 | 238,717.00 | -461,167.00 | 693,754.00 | 462,362.00 | 231,169.00 | -443,214.00 | 665,291.00 | 443,424.00 | 221,689.00 | -387,948.00 | 582,550.00 | 388,284.00 | 194,028.00 | -269,533.00 | 414,958.00 | 274,881.00 | 135,669.00 |
| Other Financing Activities | -5,085,558.00 | -2,602,103.00 | -1,525,002.00 | 2,907,446.00 | -3,579,048.00 | -2,391,777.00 | -1,202,975.00 | 2,677,438.00 | -3,624,847.00 | -2,510,541.00 | -1,213,094.00 | 1,962,376.00 | -3,259,779.00 | -1,892,109.00 | -974,761.00 | 1,986,242.00 | -3,688,167.00 | -2,429,059.00 | -1,516,860.00 |
| Net Change in Cash | 37,094.00 | -63,331.00 | -61,909.00 | 33,859.00 | 37,138.00 | -947.00 | -604.00 | -3,760.00 | 975.00 | 2,220.00 | -143.00 | 8,790.00 | -5,114.00 | -5,214.00 | -2,855.00 | -46,513.00 | 53,841.00 | -2.00 | -237.00 |
| Cash at Beginning of Period | 77,663.00 | 77,663.00 | 77,663.00 | 43,804.00 | 8,217.00 | 8,217.00 | 8,217.00 | 11,977.00 | 8,925.00 | 8,925.00 | 8,925.00 | 135.00 | 13,318.00 | 13,318.00 | 13,318.00 | 59,831.00 | 6,229.00 | 6,229.00 | 6,229.00 |
| Cash at End of Period | 114,757.00 | 14,332.00 | 15,754.00 | 77,663.00 | 45,355.00 | 7,270.00 | 7,613.00 | 8,217.00 | 9,900.00 | 11,145.00 | 8,782.00 | 8,925.00 | 8,204.00 | 8,104.00 | 10,463.00 | 13,318.00 | 60,070.00 | 6,227.00 | 5,992.00 |
| Free Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |