Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 25.17 20.35 56.26 19.74 -134.29
Price to Sales 3.13 2.73 2.94 4.54 4.27
Book Value Per Common Share 57.76 80.96 70.71 69.02 64.20
Price to Book 0.93 0.58 0.87 1.14 1.17
Price to Operating Cash Flow 4.71 3.45 9.14 9.71 7.46
Price to Free Cash Flow
Enterprise Value to EBITDA 45755.59 32468.90 52864.87 53859.87 66620.49
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 21.77 34.25 74.76 22.66 34.27 63.06 22.00 27.84 47.79 58.57 319.24 101.15 31.07 47.16 61.76
Price to Sales 4.21 6.11 11.72 4.38 5.77 11.34 3.44 4.79 8.89 4.69 8.29 16.10 5.86 8.59 15.82
Book Value Per Common Share 64.16 61.24 58.38 57.76 83.65 81.57 80.79 80.96 73.78 73.08 72.27 70.71 71.52 69.77 70.24 69.02 67.74 66.13 65.70 64.20
Price to Book 0.95 0.92 0.96 0.93 0.69 0.60 0.61 0.58 0.61 0.71 0.77 0.87 0.97 1.14 1.21 1.14 1.08 1.11 1.16 1.17
Price to Operating Cash Flow 6.79 11.31 20.55 5.83 7.79 11.92 4.05 7.67 11.54 14.16 31.86 38.05 10.23 16.84 27.38
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 -7.36 111.93 -72.61
Revenue YoY 0.46 -16.19 22.99 -1.64
EBITDA YoY -17.32 25.25 -18.02 29.86
Net Profit YoY 6.52 -0.70 -38.93 73.88
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 70.30 120.00 78.32 83.33 9.14 58.97 372.00 -70.24 50.64 26.83
Revenue YoY 57.41 93.47 55.37 95.98 20.04 72.24 55.70 84.04 45.98 78.50
EBITDA YoY
Net Profit YoY 70.60 120.59 76.57 84.87 10.21 60.08 64.51 34.74 50.58 28.27

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 0.37 0.26 0.19 0.35 0.22
Quick Ratio 0.31 0.16 0.26 0.32 0.30
Current Ratio 0.73 1.04 0.72 0.83 0.70
Debt to Equity 0.51 0.55 0.55 0.53 0.55
Long-Term Debt to Equity 0.44 0.41 0.45 0.47 0.47
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Cash Per Common Share 1.09 0.40 0.42 0.36 2.12 0.17 0.37 0.26 0.21 0.16 2.15 0.18 0.20 0.33 0.55 0.35 0.24 0.32 0.61 0.22
Quick Ratio 0.39 0.30 0.29 0.31 0.37 0.27 0.24 0.16 0.17 0.24 0.34 0.26 0.23 0.24 0.28 0.32 0.20 0.22 0.24 0.30
Current Ratio 0.99 0.72 0.69 0.73 0.76 0.89 1.12 1.04 1.05 0.58 0.73 0.72 0.75 0.91 0.81 0.83 0.70 0.63 0.61 0.70
Debt to Equity 0.49 0.49 0.50 0.51 2.26 2.31 2.30 0.55 2.51 2.47 2.44 0.55 2.41 2.44 2.29 0.53 2.41 2.41 2.36 0.55
Long-Term Debt to Equity 0.43 0.43 0.44 0.44 1.95 1.97 1.93 0.41 1.91 2.03 2.05 0.45 2.02 2.04 1.96 0.47 1.99 2.04 2.00 0.47

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 0.62 0.59 0.64 1.11 0.68
ROE 0.94 0.92 0.99 1.71 1.05
Gross Margin
Operating Margin 69.00 66.37 39.93 66.87 47.67
EBITDA Margin 69.38 84.30 56.41 84.62 64.09
Net Profit Margin 14.69 13.85 11.69 23.55 13.32
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 0.63 0.39 0.18 1.33 0.76 0.41 1.08 0.99 0.63 1.01 0.62 0.48 1.33 0.90 0.72
ROE 0.94 0.58 0.27 4.35 2.52 1.37 3.79 3.44 2.17 3.46 2.14 1.56 4.54 3.08 2.41
Gross Margin
Operating Margin 77.97 76.97 69.04 58.71 54.88 56.47 49.87 46.45 46.00 33.25 22.44 43.73 53.88 49.97 50.65
EBITDA Margin
Net Profit Margin 19.58 18.07 15.85 19.89 17.50 18.56 16.20 17.64 18.98 12.85 12.17 16.62 19.31 18.72 26.05

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 341,602,000.00 335,250,000.00 314,837,000.00 295,022,000.00 279,159,000.00
   Current Assets 10,867,000.00 29,704,000.00 14,852,000.00 10,619,000.00 9,611,000.00
   Deposits 3,000.00 15,000.00 0 0 5,000.00
      Cash and Short-Term Investments 310,000.00 217,000.00 153,000.00 283,000.00 179,000.00
            Cash and Cash Equivalents 540,000.00 307,000.00 175,000.00 309,000.00 214,000.00
            Short-Term Investments 55,000.00 84,000.00 188,000.00 125,000.00 68,000.00
      Net Receivables 4,308,000.00 4,358,000.00 5,139,000.00 3,852,000.00 3,913,000.00
      Inventory 2,231,000.00 2,042,000.00 2,034,000.00 1,921,000.00 1,782,000.00
      Other Current Assets 4,018,000.00 23,087,000.00 7,526,000.00 4,563,000.00 3,737,000.00
   Non-Current Assets 330,735,000.00 305,546,000.00 299,985,000.00 284,403,000.00 269,548,000.00
      Property, Plant, Equipment Net 337,596,000.00 290,341,000.00 292,396,000.00 274,606,000.00 262,222,000.00
      Goodwill 4,143,000.00 4,143,000.00 7,295,000.00 7,405,000.00 14,953,000.00
      Intangible Assets 1,954,000.00 1,612,000.00 1,404,000.00 1,179,000.00 1,099,000.00
      Long-Term Investments 13,481,000.00 12,122,000.00 21,993,000.00 24,206,000.00 22,647,000.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets -26,439,000.00 -2,672,000.00 -23,103,000.00 -22,993,000.00 -31,373,000.00
Liabilities 115,457,000.00 118,464,000.00 112,311,000.00 102,624,000.00 98,541,000.00
   Current Liabilities 14,926,000.00 28,663,000.00 20,684,000.00 12,766,000.00 13,685,000.00
      Payables and Expenses 3,638,000.00 2,886,000.00 3,894,000.00 3,042,000.00 2,662,000.00
            Account Payables 2,216,000.00 1,518,000.00 2,425,000.00 1,599,000.00 1,276,000.00
            Current Accrued Liabilities 1,422,000.00 1,368,000.00 1,469,000.00 1,443,000.00 1,386,000.00
      Short-Term Debt 6,325,000.00 16,990,000.00 9,216,000.00 4,644,000.00 3,378,000.00
      Other Current Liabilities 4,963,000.00 8,787,000.00 7,574,000.00 5,080,000.00 7,645,000.00
   Non-Current Liabilities 100,531,000.00 89,801,000.00 91,627,000.00 89,858,000.00 84,856,000.00
      Long-Term Debt 81,084,000.00 68,358,000.00 70,958,000.00 67,813,000.00 64,612,000.00
      Other Non-Current Liabilities 19,447,000.00 21,443,000.00 20,669,000.00 22,045,000.00 20,244,000.00
Equity 226,145,000.00 216,786,000.00 202,526,000.00 192,398,000.00 180,618,000.00
   Shareholders Equity 49,209,000.00 67,845,000.00 59,041,000.00 55,908,000.00 51,745,000.00
      Capital Stock 34,361,000.00 34,498,000.00 31,126,000.00 29,131,000.00 29,383,000.00
      Share Premium 1,006,000.00 1,113,000.00 1,113,000.00 1,113,000.00 1,113,000.00
      Retained Earnings 14,229,000.00 15,065,000.00 14,450,000.00 14,543,000.00 11,995,000.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -129,000.00 -4,473,000.00 -4,361,000.00 -3,531,000.00 -5,148,000.00
   Minority Interest 2,939,000.00 0 0 0 344,000.00
Investments 13,481,000.00 12,122,000.00 21,993,000.00 24,206,000.00 22,647,000.00
Debt 87,409,000.00 85,348,000.00 80,174,000.00 72,457,000.00 67,990,000.00
Net Debt 87,099,000.00 85,131,000.00 80,021,000.00 72,174,000.00 67,811,000.00
Common Shares Outstanding 852,000.00 838,000.00 835,000.00 810,000.00 806,000.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 14,459,000.00 14,393,000.00 17,174,000.00 13,964,000.00 14,197,000.00
   Selling, General and Administrative Expenses 2,128,000.00 982,000.00 1,226,000.00 1,235,000.00 1,198,000.00
Operating Income 6,165,000.00 5,888,000.00 3,644,000.00 5,516,000.00 3,741,000.00
Net Non-Operating Income -1,658,000.00 -1,211,000.00 -180,000.00 -143,000.00 -845,000.00
Interest Income 5,595,000.00 4,983,000.00 3,510,000.00 4,066,000.00 3,978,000.00
Interest Expense 5,470,000.00 4,876,000.00 3,393,000.00 3,965,000.00 3,871,000.00
Net Interest 125,000.00 107,000.00 117,000.00 101,000.00 107,000.00
EBT 4,507,000.00 4,677,000.00 3,464,000.00 5,373,000.00 2,896,000.00
Income Tax 1,289,000.00 1,866,000.00 660,000.00 1,773,000.00 371,000.00
Equity Method Investments Income 3,000.00 -26,000.00 605,000.00 532,000.00 40,000.00
Net Income Including Non-Controlling Interests 2,336,000.00 7,434,000.00 2,982,000.00 3,262,000.00 2,040,000.00
Net Income Non-Controlling Interests -212,000.00 -5,440,000.00 -974,000.00 26,000.00 -149,000.00
Net Income 2,124,000.00 1,994,000.00 2,008,000.00 3,288,000.00 1,891,000.00
EBIT 9,977,000.00 9,553,000.00 6,857,000.00 9,338,000.00 6,767,000.00
Deprecation and Amortization 54,000.00 2,580,000.00 2,830,000.00 2,478,000.00 2,332,000.00
EBITDA 10,031,000.00 12,133,000.00 9,687,000.00 11,816,000.00 9,099,000.00
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 839,200.00 836,400.00 823,900.00 807,800.00 0
Average Shares Outstanding Diluted 839,400.00 836,500.00 824,800.00 808,500.00 831,000.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 9,604,000.00 11,387,000.00 5,528,000.00 6,534,000.00 8,127,000.00
   Operating Net Income 11,890,000.00 7,434,000.00 8,615,000.00 21,628,000.00 760,000.00
   Deprecation and Amortization 54,000.00 2,580,000.00 2,830,000.00 2,478,000.00 2,332,000.00
   Deferred Income Tax 82,000.00 2,338,000.00 200,000.00 830,000.00 -530,000.00
   Share Based Compensation 0 0 0 0 0
   Change in Working Capital -1,340,000.00 -1,462,000.00 5,857,000.00 3,157,000.00 465,000.00
   Other Operating Activities -1,082,000.00 497,000.00 -11,974,000.00 -21,559,000.00 5,100,000.00
Investing Cash Flow -13,229,000.00 -14,495,000.00 -11,941,000.00 -10,001,000.00 -6,319,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 9,994,000.00 7,188,000.00 5,105,000.00 5,204,000.00 7,109,000.00
   Net Purchase/Sale of Investments Net 10,212,000.00 9,984,000.00 9,591,000.00 11,626,000.00 10,444,000.00
   Net Purchase/Sale of Business 0 0 0 0 178,000.00
   Other Investing Activities -33,435,000.00 -31,667,000.00 -26,637,000.00 -26,831,000.00 -24,050,000.00
Financing Cash Flow 3,805,000.00 3,134,000.00 6,344,000.00 3,619,000.00 -1,819,000.00
   Net Issuance/Repayment of Debt 14,881,000.00 18,800,000.00 9,129,000.00 14,355,000.00 13,685,000.00
   Net Issuance/Repurchase of Equity 1,602,000.00 3,532,000.00 4,045,000.00 1,466,000.00 484,398,000.00
   Dividends Paid 3,089,000.00 2,233,000.00 2,209,000.00 2,336,000.00 3,303,000.00
   Other Financing Activities -15,767,000.00 -21,431,000.00 -9,039,000.00 -14,538,000.00 -503,205,000.00
Net Change in Cash 180,000.00 26,000.00 -69,000.00 152,000.00 -11,000.00
   Cash at Beginning of Period 185,000.00 275,000.00 410,000.00 256,000.00 258,000.00
   Cash at End of Period 365,000.00 301,000.00 341,000.00 408,000.00 247,000.00
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 384,416,000.00 369,715,000.00 357,837,000.00 341,602,000.00 164,952,000.00 163,616,000.00 162,449,000.00 335,250,000.00 162,805,000.00 160,768,000.00 157,943,000.00 314,837,000.00 155,523,000.00 153,661,000.00 149,642,000.00 295,022,000.00 146,207,000.00 143,119,000.00 140,487,000.00 279,159,000.00
   Current Assets 13,598,000.00 11,698,000.00 10,440,000.00 10,867,000.00 12,107,000.00 14,898,000.00 20,400,000.00 29,704,000.00 28,828,000.00 11,739,000.00 13,032,000.00 14,852,000.00 13,441,000.00 16,127,000.00 12,124,000.00 10,619,000.00 12,480,000.00 9,733,000.00 8,996,000.00 9,611,000.00
   Deposits 0 0 0 3,000.00 0 0 0 15,000.00 0 0 0 0 0 0 0 0 0 0 0 5,000.00
      Cash and Short-Term Investments 932,000.00 344,000.00 355,000.00 310,000.00 1,776,000.00 140,000.00 306,000.00 217,000.00 176,000.00 137,000.00 1,792,000.00 153,000.00 163,000.00 273,000.00 446,000.00 283,000.00 195,000.00 259,000.00 491,000.00 179,000.00
            Cash and Cash Equivalents 1,770,000.00 632,000.00 694,000.00 540,000.00 1,804,000.00 181,000.00 425,000.00 307,000.00 213,000.00 156,000.00 1,813,000.00 175,000.00 181,000.00 329,000.00 482,000.00 309,000.00 233,000.00 308,000.00 547,000.00 214,000.00
            Short-Term Investments 134,000.00 69,000.00 122,000.00 55,000.00 126,000.00 67,000.00 30,000.00 84,000.00 71,000.00 178,000.00 164,000.00 188,000.00 177,000.00 134,000.00 148,000.00 125,000.00 72,000.00 45,000.00 71,000.00 68,000.00
      Net Receivables 4,409,000.00 4,464,000.00 4,076,000.00 4,308,000.00 4,080,000.00 4,339,000.00 4,131,000.00 4,358,000.00 4,472,000.00 4,789,000.00 4,258,000.00 5,139,000.00 3,961,000.00 4,014,000.00 3,708,000.00 3,852,000.00 3,324,000.00 3,071,000.00 3,092,000.00 3,913,000.00
      Inventory 3,107,000.00 3,017,000.00 2,899,000.00 2,231,000.00 2,842,000.00 2,865,000.00 2,816,000.00 2,042,000.00 2,652,000.00 2,835,000.00 2,708,000.00 2,034,000.00 2,671,000.00 2,434,000.00 2,349,000.00 1,921,000.00 2,419,000.00 2,375,000.00 2,316,000.00 1,782,000.00
      Other Current Assets 5,150,000.00 3,873,000.00 3,110,000.00 4,018,000.00 3,409,000.00 7,554,000.00 13,147,000.00 23,087,000.00 21,528,000.00 3,978,000.00 4,274,000.00 7,526,000.00 6,646,000.00 9,406,000.00 5,621,000.00 4,563,000.00 6,542,000.00 4,028,000.00 3,097,000.00 3,737,000.00
   Non-Current Assets 370,818,000.00 358,017,000.00 347,397,000.00 330,735,000.00 152,845,000.00 148,718,000.00 142,049,000.00 305,546,000.00 133,977,000.00 149,029,000.00 144,911,000.00 299,985,000.00 142,082,000.00 137,534,000.00 137,518,000.00 284,403,000.00 133,727,000.00 133,386,000.00 131,491,000.00 269,548,000.00
      Property, Plant, Equipment Net 368,456,000.00 357,302,000.00 347,484,000.00 337,596,000.00 317,324,000.00 307,910,000.00 296,330,000.00 290,341,000.00 279,552,000.00 305,284,000.00 297,096,000.00 292,396,000.00 287,868,000.00 280,722,000.00 275,664,000.00 274,606,000.00 268,553,000.00 267,010,000.00 262,932,000.00 262,222,000.00
      Goodwill 4,143,000.00 4,143,000.00 4,143,000.00 4,143,000.00 4,143,000.00 4,143,000.00 4,143,000.00 4,143,000.00 4,143,000.00 7,295,000.00 7,295,000.00 7,295,000.00 7,295,000.00 7,407,000.00 7,405,000.00 7,405,000.00 7,596,000.00 7,596,000.00 7,572,000.00 14,953,000.00
      Intangible Assets 1,455,000.00 0 0 1,954,000.00 0 0 0 1,612,000.00 0 0 0 1,404,000.00 0 0 0 1,179,000.00 0 0 0 1,099,000.00
      Long-Term Investments 14,858,000.00 14,070,000.00 13,203,000.00 13,481,000.00 13,255,000.00 12,627,000.00 12,338,000.00 12,122,000.00 11,005,000.00 16,867,000.00 16,432,000.00 21,993,000.00 15,248,000.00 15,698,000.00 17,857,000.00 24,206,000.00 17,643,000.00 17,710,000.00 17,175,000.00 22,647,000.00
      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 -18,094,000.00 -17,498,000.00 -17,433,000.00 -26,439,000.00 -181,877,000.00 -175,962,000.00 -170,762,000.00 -2,672,000.00 -160,723,000.00 -180,417,000.00 -175,912,000.00 -23,103,000.00 -168,329,000.00 -166,293,000.00 -163,408,000.00 -22,993,000.00 -160,065,000.00 -158,930,000.00 -156,188,000.00 -31,373,000.00
Liabilities 125,745,000.00 122,005,000.00 119,418,000.00 115,457,000.00 114,411,000.00 114,184,000.00 113,152,000.00 118,464,000.00 116,359,000.00 114,410,000.00 111,994,000.00 112,311,000.00 109,952,000.00 108,946,000.00 104,164,000.00 102,624,000.00 103,358,000.00 101,171,000.00 98,638,000.00 98,541,000.00
   Current Liabilities 13,749,000.00 16,297,000.00 15,129,000.00 14,926,000.00 15,913,000.00 16,716,000.00 18,202,000.00 28,663,000.00 27,539,000.00 20,355,000.00 17,818,000.00 20,684,000.00 17,875,000.00 17,715,000.00 14,934,000.00 12,766,000.00 17,894,000.00 15,439,000.00 14,842,000.00 13,685,000.00
      Payables and Expenses 3,382,000.00 3,039,000.00 2,957,000.00 3,638,000.00 3,480,000.00 2,759,000.00 2,882,000.00 2,886,000.00 2,870,000.00 2,833,000.00 2,991,000.00 3,894,000.00 3,177,000.00 2,894,000.00 2,812,000.00 3,042,000.00 2,803,000.00 2,379,000.00 2,423,000.00 2,662,000.00
            Account Payables 1,663,000.00 1,663,000.00 1,607,000.00 2,216,000.00 1,593,000.00 1,518,000.00 1,174,000.00 1,518,000.00 1,264,000.00 1,537,000.00 1,610,000.00 2,425,000.00 1,583,000.00 1,576,000.00 1,513,000.00 1,599,000.00 1,244,000.00 1,085,000.00 1,159,000.00 1,276,000.00
            Current Accrued Liabilities 1,719,000.00 1,376,000.00 1,350,000.00 1,422,000.00 1,887,000.00 1,241,000.00 1,708,000.00 1,368,000.00 1,606,000.00 1,296,000.00 1,381,000.00 1,469,000.00 1,594,000.00 1,318,000.00 1,299,000.00 1,443,000.00 1,559,000.00 1,294,000.00 1,264,000.00 1,386,000.00
      Short-Term Debt 6,835,000.00 9,360,000.00 6,305,000.00 6,325,000.00 7,832,000.00 6,119,000.00 8,023,000.00 16,990,000.00 13,077,000.00 13,921,000.00 9,675,000.00 9,216,000.00 7,899,000.00 7,744,000.00 7,270,000.00 4,644,000.00 8,810,000.00 6,826,000.00 6,704,000.00 3,378,000.00
      Other Current Liabilities 3,532,000.00 3,898,000.00 5,867,000.00 4,963,000.00 4,601,000.00 7,838,000.00 7,297,000.00 8,787,000.00 11,592,000.00 3,601,000.00 5,152,000.00 7,574,000.00 6,799,000.00 7,077,000.00 4,852,000.00 5,080,000.00 6,281,000.00 6,234,000.00 5,715,000.00 7,645,000.00
   Non-Current Liabilities 111,996,000.00 105,708,000.00 104,289,000.00 100,531,000.00 98,498,000.00 97,468,000.00 94,950,000.00 89,801,000.00 88,820,000.00 94,055,000.00 94,176,000.00 91,627,000.00 92,077,000.00 91,231,000.00 89,230,000.00 89,858,000.00 85,464,000.00 85,732,000.00 83,796,000.00 84,856,000.00
      Long-Term Debt 92,758,000.00 84,612,000.00 84,441,000.00 81,084,000.00 79,459,000.00 77,263,000.00 74,604,000.00 68,358,000.00 69,089,000.00 73,538,000.00 75,838,000.00 70,958,000.00 71,536,000.00 71,787,000.00 67,364,000.00 67,813,000.00 62,923,000.00 64,364,000.00 63,005,000.00 64,612,000.00
      Other Non-Current Liabilities 19,238,000.00 21,096,000.00 19,848,000.00 19,447,000.00 19,039,000.00 20,205,000.00 20,346,000.00 21,443,000.00 19,731,000.00 20,517,000.00 18,338,000.00 20,669,000.00 20,541,000.00 19,444,000.00 21,866,000.00 22,045,000.00 22,541,000.00 21,368,000.00 20,791,000.00 20,244,000.00
Equity 258,671,000.00 247,710,000.00 238,419,000.00 226,145,000.00 50,541,000.00 49,432,000.00 49,297,000.00 216,786,000.00 46,446,000.00 46,358,000.00 45,949,000.00 202,526,000.00 45,571,000.00 44,715,000.00 45,478,000.00 192,398,000.00 42,849,000.00 41,948,000.00 41,849,000.00 180,618,000.00
   Shareholders Equity 54,790,000.00 52,236,000.00 49,797,000.00 49,209,000.00 70,264,000.00 68,440,000.00 67,704,000.00 67,845,000.00 61,758,000.00 61,165,000.00 60,416,000.00 59,041,000.00 59,575,000.00 58,051,000.00 56,967,000.00 55,908,000.00 54,872,000.00 53,365,000.00 52,956,000.00 51,745,000.00
      Capital Stock 37,984,000.00 36,541,000.00 34,402,000.00 34,361,000.00 34,189,000.00 34,144,000.00 34,533,000.00 34,498,000.00 31,241,000.00 31,225,000.00 31,173,000.00 31,126,000.00 31,001,000.00 30,948,000.00 29,178,000.00 29,131,000.00 29,698,000.00 29,494,000.00 29,435,000.00 29,383,000.00
      Share Premium 999,000.00 999,000.00 1,006,000.00 1,006,000.00 1,113,000.00 1,113,000.00 1,113,000.00 1,113,000.00 1,113,000.00 1,113,000.00 1,113,000.00 1,113,000.00 1,113,000.00 1,113,000.00 1,113,000.00 1,113,000.00 1,113,000.00 1,113,000.00 1,113,000.00 1,113,000.00
      Retained Earnings 16,158,000.00 15,062,000.00 14,779,000.00 14,229,000.00 16,872,000.00 15,839,000.00 15,376,000.00 15,065,000.00 15,633,000.00 15,577,000.00 15,224,000.00 14,450,000.00 14,829,000.00 14,057,000.00 15,042,000.00 14,543,000.00 13,364,000.00 12,680,000.00 12,656,000.00 11,995,000.00
      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 -117,000.00 -122,000.00 -130,000.00 -129,000.00 -1,633,000.00 -1,664,000.00 -1,725,000.00 -4,473,000.00 -1,541,000.00 -1,557,000.00 -1,561,000.00 -4,361,000.00 -1,372,000.00 -1,403,000.00 -1,465,000.00 -3,531,000.00 -1,652,000.00 -1,673,000.00 -1,694,000.00 -5,148,000.00
   Minority Interest 4,035,000.00 3,657,000.00 3,357,000.00 2,939,000.00 0 0 0 0 0 0 0 0 0 0 0 0 326,000.00 334,000.00 339,000.00 344,000.00
Investments 14,858,000.00 14,070,000.00 13,203,000.00 13,481,000.00 13,255,000.00 12,627,000.00 12,338,000.00 12,122,000.00 11,005,000.00 16,867,000.00 16,432,000.00 21,993,000.00 15,248,000.00 15,698,000.00 17,857,000.00 24,206,000.00 17,643,000.00 17,710,000.00 17,175,000.00 22,647,000.00
Debt 99,593,000.00 93,972,000.00 90,746,000.00 87,409,000.00 87,291,000.00 83,382,000.00 82,627,000.00 85,348,000.00 82,166,000.00 87,459,000.00 85,513,000.00 80,174,000.00 79,435,000.00 79,531,000.00 74,634,000.00 72,457,000.00 71,733,000.00 71,190,000.00 69,709,000.00 67,990,000.00
Net Debt 98,661,000.00 93,628,000.00 90,391,000.00 87,099,000.00 85,515,000.00 83,242,000.00 82,321,000.00 85,131,000.00 81,990,000.00 87,322,000.00 83,721,000.00 80,021,000.00 79,272,000.00 79,258,000.00 74,188,000.00 72,174,000.00 71,538,000.00 70,931,000.00 69,218,000.00 67,811,000.00
Common Shares Outstanding 854,000.00 853,000.00 853,000.00 852,000.00 840,000.00 839,000.00 838,000.00 838,000.00 837,000.00 837,000.00 836,000.00 835,000.00 833,000.00 832,000.00 811,000.00 810,000.00 810,000.00 807,000.00 806,000.00 806,000.00
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
Revenues 12,413,000.00 7,886,000.00 4,076,000.00 -7,350,000.00 11,059,000.00 7,118,000.00 3,632,000.00 -10,764,000.00 10,859,000.00 9,046,000.00 5,252,000.00 -7,241,000.00 12,261,000.00 7,875,000.00 4,279,000.00 -6,898,000.00 10,084,000.00 6,908,000.00 3,870,000.00
   Selling, General and Administrative Expenses 1,760,000.00 1,184,000.00 612,000.00 492,000.00 804,000.00 537,000.00 295,000.00 -767,000.00 740,000.00 649,000.00 360,000.00 -705,000.00 957,000.00 646,000.00 328,000.00 -734,000.00 964,000.00 655,000.00 350,000.00
Operating Income 6,362,000.00 4,032,000.00 2,061,000.00 -3,822,000.00 5,314,000.00 3,120,000.00 1,553,000.00 -4,159,000.00 4,686,000.00 3,319,000.00 2,042,000.00 -2,680,000.00 3,330,000.00 1,456,000.00 1,538,000.00 -2,248,000.00 3,978,000.00 2,360,000.00 1,426,000.00
Net Non-Operating Income -1,167,000.00 -922,000.00 -693,000.00 159,000.00 -900,000.00 -651,000.00 -266,000.00 613,000.00 -915,000.00 -538,000.00 -371,000.00 6,000.00 -126,000.00 -116,000.00 56,000.00 -726,000.00 31,000.00 224,000.00 328,000.00
Interest Income 4,584,000.00 3,034,000.00 1,481,000.00 5,595,000.00 0 0 0 4,983,000.00 0 0 0 3,510,000.00 0 0 0 4,066,000.00 0 0 0
Interest Expense 4,484,000.00 2,960,000.00 1,446,000.00 1,190,000.00 2,079,000.00 1,437,000.00 764,000.00 1,066,000.00 1,644,000.00 1,421,000.00 745,000.00 1,816,000.00 873,000.00 427,000.00 277,000.00 1,467,000.00 1,424,000.00 868,000.00 206,000.00
Net Interest 100,000.00 74,000.00 35,000.00 125,000.00 0 0 0 107,000.00 0 0 0 117,000.00 0 0 0 101,000.00 0 0 0
EBT 5,195,000.00 3,110,000.00 1,368,000.00 -3,663,000.00 4,414,000.00 2,469,000.00 1,287,000.00 -3,546,000.00 3,771,000.00 2,781,000.00 1,671,000.00 -2,674,000.00 3,204,000.00 1,340,000.00 1,594,000.00 -2,974,000.00 4,009,000.00 2,584,000.00 1,754,000.00
Income Tax 1,692,000.00 942,000.00 288,000.00 -223,000.00 850,000.00 426,000.00 236,000.00 244,000.00 778,000.00 524,000.00 320,000.00 -705,000.00 458,000.00 410,000.00 497,000.00 755,000.00 435,000.00 297,000.00 286,000.00
Equity Method Investments Income -8,000.00 -8,000.00 -7,000.00 3,000.00 0 0 0 -283,000.00 7,000.00 170,000.00 80,000.00 107,000.00 255,000.00 163,000.00 80,000.00 93,000.00 214,000.00 145,000.00 80,000.00
Net Income Including Non-Controlling Interests 1,831,000.00 977,000.00 440,000.00 -13,031,000.00 8,198,000.00 4,682,000.00 2,487,000.00 -5,622,000.00 5,277,000.00 4,788,000.00 2,991,000.00 -3,033,000.00 3,108,000.00 774,000.00 2,133,000.00 -2,970,000.00 1,925,000.00 1,283,000.00 3,024,000.00
Net Income Non-Controlling Interests 600,000.00 448,000.00 206,000.00 11,035,000.00 -5,998,000.00 -3,436,000.00 -1,813,000.00 3,264,000.00 -3,518,000.00 -3,192,000.00 -1,994,000.00 1,796,000.00 -1,532,000.00 184,000.00 -1,422,000.00 2,010,000.00 22,000.00 10,000.00 -2,016,000.00
Net Income 2,431,000.00 1,425,000.00 646,000.00 -1,996,000.00 2,200,000.00 1,246,000.00 674,000.00 -2,358,000.00 1,759,000.00 1,596,000.00 997,000.00 -1,237,000.00 1,576,000.00 958,000.00 711,000.00 -960,000.00 1,947,000.00 1,293,000.00 1,008,000.00
EBIT 9,679,000.00 6,070,000.00 2,814,000.00 -2,473,000.00 6,493,000.00 3,906,000.00 2,051,000.00 -2,480,000.00 5,415,000.00 4,202,000.00 2,416,000.00 -858,000.00 4,077,000.00 1,767,000.00 1,871,000.00 -1,507,000.00 5,433,000.00 3,452,000.00 1,960,000.00
Deprecation and Amortization 0.00 0.00 0.00 54,000.00 0.00 0.00 0.00 2,580,000.00 0.00 0.00 0.00 2,830,000.00 0.00 0.00 0.00 2,478,000.00 0.00 0.00 0.00
EBITDA 0 0 0 10,031,000.00 0 0 0 12,133,000.00 0 0 0 9,687,000.00 0 0 0 11,816,000.00 0 0 0
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 853,500.00 852,900.00 852,200.00 841,900.00 839,000.00 838,300.00 837,600.00 837,600.00 836,800.00 836,000.00 835,200.00 834,000.00 832,600.00 818,400.00 810,600.00 1,615,900.00 808,700.00 806,600.00 0
Average Shares Outstanding Diluted 855,400.00 853,200.00 852,200.00 842,400.00 839,300.00 838,300.00 837,600.00 837,500.00 836,800.00 836,200.00 835,500.00 815,600.00 833,200.00 818,400.00 832,000.00 811,500.00 810,000.00 806,600.00 805,900.00
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 7,692,000.00 4,263,000.00 2,325,000.00 -7,437,000.00 8,312,000.00 5,272,000.00 3,457,000.00 -7,531,000.00 9,226,000.00 5,647,000.00 4,045,000.00 -2,397,000.00 4,065,000.00 2,050,000.00 1,810,000.00 -5,001,000.00 5,775,000.00 3,524,000.00 2,236,000.00
   Operating Net Income 12,845,000.00 7,735,000.00 3,568,000.00 -3,477,000.00 8,198,000.00 4,682,000.00 2,487,000.00 -20,914,000.00 12,269,000.00 10,035,000.00 6,044,000.00 -6,618,000.00 8,105,000.00 2,502,000.00 4,626,000.00 -7,194,000.00 13,811,000.00 8,849,000.00 6,162,000.00
   Deprecation and Amortization 0 0 0 54,000.00 0 0 0 2,580,000.00 0 0 0 2,830,000.00 0 0 0 2,478,000.00 0 0 0
   Deferred Income Tax 680,000.00 368,000.00 157,000.00 -413,000.00 107,000.00 242,000.00 146,000.00 -73,000.00 1,828,000.00 412,000.00 171,000.00 -895,000.00 452,000.00 292,000.00 351,000.00 -299,000.00 397,000.00 429,000.00 303,000.00
   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 482,000.00 602,000.00 42,000.00 2,539,000.00 -1,241,000.00 -1,539,000.00 -1,099,000.00 5,634,000.00 -2,346,000.00 -2,284,000.00 -2,466,000.00 -993,000.00 3,292,000.00 2,976,000.00 582,000.00 227,000.00 1,929,000.00 857,000.00 144,000.00
   Other Operating Activities -6,315,000.00 -4,442,000.00 -1,442,000.00 -6,140,000.00 1,248,000.00 1,887,000.00 1,923,000.00 5,242,000.00 -2,525,000.00 -2,516,000.00 296,000.00 3,279,000.00 -7,784,000.00 -3,720,000.00 -3,749,000.00 -213,000.00 -10,362,000.00 -6,611,000.00 -4,373,000.00
Investing Cash Flow -17,330,000.00 -11,700,000.00 -5,966,000.00 -2,317,000.00 -6,845,000.00 -3,307,000.00 -760,000.00 6,917,000.00 -9,179,000.00 -8,412,000.00 -3,821,000.00 6,227,000.00 -8,116,000.00 -7,349,000.00 -2,703,000.00 7,876,000.00 -9,316,000.00 -5,470,000.00 -3,091,000.00
   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 7,753,000.00 5,249,000.00 2,744,000.00 -24,531,000.00 16,292,000.00 11,847,000.00 6,386,000.00 -2,644,000.00 5,022,000.00 3,336,000.00 1,474,000.00 -1,489,000.00 3,444,000.00 2,074,000.00 1,076,000.00 97,000.00 2,646,000.00 1,657,000.00 804,000.00
   Net Purchase/Sale of Investments Net 8,305,000.00 5,460,000.00 3,023,000.00 -5,199,000.00 7,474,000.00 5,483,000.00 2,454,000.00 -2,584,000.00 6,754,000.00 3,879,000.00 1,935,000.00 -6,725,000.00 7,968,000.00 5,862,000.00 2,486,000.00 -11,196,000.00 9,735,000.00 8,038,000.00 5,049,000.00
   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 -33,388,000.00 -22,409,000.00 -11,733,000.00 27,413,000.00 -30,611,000.00 -20,637,000.00 -9,600,000.00 12,145,000.00 -20,955,000.00 -15,627,000.00 -7,230,000.00 14,441,000.00 -19,528,000.00 -15,285,000.00 -6,265,000.00 18,975,000.00 -21,697,000.00 -15,165,000.00 -8,944,000.00
Financing Cash Flow 10,904,000.00 7,497,000.00 3,841,000.00 8,319,000.00 176,000.00 -2,063,000.00 -2,627,000.00 -861,000.00 -128,000.00 2,734,000.00 1,389,000.00 -4,052,000.00 3,977,000.00 5,330,000.00 1,089,000.00 -3,154,000.00 3,565,000.00 2,017,000.00 1,191,000.00
   Net Issuance/Repayment of Debt 12,571,000.00 6,709,000.00 5,011,000.00 -13,738,000.00 12,786,000.00 9,422,000.00 6,411,000.00 -16,303,000.00 16,226,000.00 10,032,000.00 8,845,000.00 -5,522,000.00 7,577,000.00 5,035,000.00 2,039,000.00 4,924,000.00 6,698,000.00 2,197,000.00 536,000.00
   Net Issuance/Repurchase of Equity 3,710,000.00 2,240,000.00 35,000.00 355,000.00 644,000.00 572,000.00 31,000.00 3,313,000.00 91,000.00 85,000.00 43,000.00 330,000.00 1,878,000.00 1,792,000.00 45,000.00 885,000.00 436,000.00 97,000.00 48,000.00
   Dividends Paid 2,115,000.00 1,545,000.00 976,000.00 -1,017,000.00 1,928,000.00 1,369,000.00 809,000.00 -1,113,000.00 1,674,000.00 1,115,000.00 557,000.00 -1,081,000.00 1,653,000.00 1,096,000.00 541,000.00 -1,464,000.00 1,826,000.00 1,316,000.00 658,000.00
   Other Financing Activities -7,492,000.00 -2,997,000.00 -2,181,000.00 22,719,000.00 -15,182,000.00 -13,426,000.00 -9,878,000.00 13,242,000.00 -18,119,000.00 -8,498,000.00 -8,056,000.00 2,221,000.00 -7,131,000.00 -2,593,000.00 -1,536,000.00 -7,499,000.00 -5,395,000.00 -1,593,000.00 -51,000.00
Net Change in Cash 1,266,000.00 60,000.00 200,000.00 -1,400,000.00 1,643,000.00 -98,000.00 35,000.00 -1,475,000.00 -81,000.00 -31,000.00 1,613,000.00 -222,000.00 -74,000.00 31,000.00 196,000.00 -279,000.00 24,000.00 71,000.00 336,000.00
   Cash at Beginning of Period -200,000.00 353,000.00 277,000.00 1,765,000.00 259,000.00 305,000.00 301,000.00 1,776,000.00 328,000.00 346,000.00 343,000.00 563,000.00 414,000.00 376,000.00 398,000.00 687,000.00 243,000.00 233,000.00 226,000.00
   Cash at End of Period 1,066,000.00 413,000.00 477,000.00 365,000.00 1,902,000.00 207,000.00 336,000.00 301,000.00 247,000.00 315,000.00 1,956,000.00 341,000.00 340,000.00 407,000.00 594,000.00 408,000.00 267,000.00 304,000.00 562,000.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0