Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 19.39 18.17 19.31 10.92 11.22
Price to Sales 1.70 1.67 1.84 2.00 1.69
Book Value Per Common Share 61.06 56.31 53.09 54.15 50.82
Price to Book 2.47 2.45 2.95 3.19 2.34
Price to Operating Cash Flow 12.55 12.14 10.56 9.68 7.96
Price to Free Cash Flow
Enterprise Value to EBITDA 88416.57 89162.98 95413.58 65174.32 65740.19
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 2022-12-31 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 28.62 40.10 85.89 26.77 36.12 76.50 20.76 36.23 78.60 17.11 26.76 46.08 11.51 15.49 36.46
Price to Sales 2.59 3.72 7.08 2.38 3.19 6.24 1.96 3.37 6.80 1.90 3.10 6.24 2.29 3.23 6.28
Book Value Per Common Share 64.80 64.54 62.42 61.34 59.61 57.95 57.37 55.79 54.02 53.09 53.29 54.33 53.59 54.15 50.33 45.73 50.71 50.82
Price to Book 2.94 2.78 2.71 2.53 2.30 2.30 2.12 2.52 2.62 2.95 2.30 2.45 2.55 3.19 2.89 2.89 2.53 2.34
Price to Operating Cash Flow 15.02 23.45 59.81 19.81 29.56 95.94 18.32 29.26 168.57 10.37 17.79 33.93 10.53 14.29 23.35
Price to Free Cash Flow
Enterprise Value to EBITDA 131519.13 185601.17 384873.73 124159.73 167152.49 342823.61 101856.69 177088.90 376394.41 92079.05 147620.18 273726.64 73437.07 98979.88 223131.54

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 2.50 -6.30 -48.90 49.25
Revenue YoY 6.70 -6.38 -8.39 14.32
EBITDA YoY 9.35 -4.84 -42.39 31.02
Net Profit YoY 1.99 -9.73 -52.58 39.41
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 2022-12-31 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 48.66 127.41 53.03 117.82 51.29 115.56 44.27 67.34 48.24 142.05
Revenue YoY 52.02 104.11 52.24 101.31 49.15 100.30 49.09 93.95 52.64 93.75
EBITDA YoY 49.72 122.13 52.70 110.90 50.73 111.16 46.66 78.66 46.10 124.84
Net Profit YoY 48.80 128.18 53.43 118.04 51.49 116.34 43.46 65.92 45.91 134.54

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 4.95 6.13 2.72 6.98 8.64
Quick Ratio 0.85 1.04 0.97 1.32 1.51
Current Ratio 1.10 1.31 1.22 1.56 1.72
Debt to Equity 1.37 1.21 1.16 1.10 1.06
Long-Term Debt to Equity 1.05 0.92 0.90 0.83 0.80
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 2022-12-31 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 3.86 2.85 1.69 6.88 2.44 4.27 1.28 1.13 1.56 2.84 5.98 6.69 5.98 7.33 7.77 4.34 9.25 8.71
Quick Ratio 0.88 0.86 1.10 1.02 0.79 0.78 0.88 0.73 1.05 0.97 1.24 1.32 1.23 1.32 1.40 1.17 1.53 1.51
Current Ratio 1.13 1.09 1.44 1.25 1.00 0.97 1.12 0.92 1.34 1.22 1.46 1.54 1.46 1.56 1.62 1.38 1.76 1.72
Debt to Equity 0.11 0.10 0.14 1.35 1.09 1.16 1.09 1.14 1.10 1.16 1.11 1.06 1.10 1.10 1.11 1.17 1.05 1.06
Long-Term Debt to Equity -0.03 -0.04 0.04 1.05 0.78 0.80 0.84 0.84 0.88 0.90 0.85 0.82 0.83 0.83 0.84 0.90 0.80 0.80

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 5.39 6.09 7.37 14.66 10.20
ROE 12.78 13.47 15.95 30.77 21.02
Gross Margin 32.86 33.00 34.74 39.02 38.50
Operating Margin 14.19 13.98 13.99 25.50 21.72
EBITDA Margin 19.19 18.72 18.42 29.28 25.55
Net Profit Margin 8.82 9.23 9.57 18.49 15.16
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 2022-12-31 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 4.61 3.14 1.39 4.03 3.05 1.39 4.91 3.26 1.58 6.39 4.42 2.64 11.83 8.55 3.37
ROE 5.13 3.46 1.59 9.49 6.36 3.00 10.24 6.95 3.32 13.47 9.13 5.53 24.95 18.52 6.91
Gross Margin 33.48 33.36 32.54 32.91 33.07 32.59 33.27 33.48 33.08 35.43 35.68 36.96 39.57 39.45 40.22
Operating Margin 14.56 14.80 13.12 14.20 14.19 13.31 14.50 14.35 13.47 16.40 16.79 18.73 27.49 28.82 24.41
EBITDA Margin 19.72 20.03 18.40 19.14 19.08 18.22 19.24 19.04 18.06 20.65 20.99 22.79 31.24 32.64 28.13
Net Profit Margin 9.08 9.27 8.30 8.95 8.88 8.20 9.51 9.36 8.67 11.19 11.63 13.60 19.95 20.87 17.24

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 2022-12-31 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 16,153,000.00 14,022,000.00 12,837,000.00 13,611,000.00 14,026,000.00
   Current Assets 2,392,000.00 2,372,000.00 1,898,000.00 2,741,000.00 3,058,000.00
      Cash and Short-Term Investments 549,000.00 686,000.00 315,000.00 872,000.00 1,158,000.00
            Cash and Cash Equivalents 549,000.00 686,000.00 315,000.00 872,000.00 1,158,000.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 1,304,000.00 1,210,000.00 1,195,000.00 1,438,000.00 1,520,000.00
      Inventory 188,000.00 190,000.00 192,000.00 208,000.00 223,000.00
      Other Current Assets 351,000.00 286,000.00 196,000.00 223,000.00 157,000.00
   Non-Current Assets 13,761,000.00 11,650,000.00 10,939,000.00 10,870,000.00 10,968,000.00
      Property, Plant, Equipment Net 2,764,000.00 2,418,000.00 2,382,000.00 2,304,000.00 2,231,000.00
      Goodwill 11,148,000.00 7,733,000.00 7,220,000.00 7,095,000.00 6,873,000.00
      Intangible Assets 5,053,000.00 3,262,000.00 3,040,000.00 3,265,000.00 3,265,000.00
      Long-Term Investments 123,000.00 135,000.00 132,000.00 141,000.00 521,000.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets -5,327,000.00 -1,898,000.00 -1,835,000.00 -1,935,000.00 -1,922,000.00
Liabilities 9,340,000.00 7,680,000.00 6,907,000.00 7,128,000.00 7,217,000.00
   Current Liabilities 2,169,000.00 1,815,000.00 1,551,000.00 1,753,000.00 1,776,000.00
      Payables and Expenses 1,394,000.00 1,359,000.00 1,396,000.00 1,600,000.00 1,633,000.00
            Account Payables 287,000.00 378,000.00 324,000.00 357,000.00 446,000.00
            Current Accrued Liabilities 479,000.00 381,000.00 428,000.00 518,000.00 502,000.00
      Short-Term Debt 775,000.00 456,000.00 155,000.00 153,000.00 143,000.00
      Other Current Liabilities 0.00 0.00 0.00 0.00 0.00
   Non-Current Liabilities 7,171,000.00 5,865,000.00 5,356,000.00 5,375,000.00 5,441,000.00
      Long-Term Debt 6,150,000.00 4,913,000.00 4,467,000.00 4,504,000.00 4,512,000.00
      Other Non-Current Liabilities 1,021,000.00 952,000.00 889,000.00 871,000.00 929,000.00
Equity 6,813,000.00 6,342,000.00 5,930,000.00 6,483,000.00 6,809,000.00
   Shareholders Equity 6,778,000.00 6,307,000.00 5,893,000.00 6,444,000.00 6,759,000.00
      Capital Stock 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00
      Share Premium 2,361,000.00 2,320,000.00 2,295,000.00 2,260,000.00 2,841,000.00
      Retained Earnings 9,360,000.00 8,825,000.00 8,290,000.00 7,649,000.00 9,303,000.00
      Treasury Shares 4,857,000.00 4,826,000.00 4,673,000.00 3,453,000.00 5,366,000.00
      Accumulated Other Comprehensive Income -264,000.00 -42,000.00 -63,000.00 -42,000.00 -62,000.00
   Minority Interest 35,000.00 35,000.00 37,000.00 39,000.00 50,000.00
Investments 123,000.00 135,000.00 132,000.00 141,000.00 521,000.00
Debt 6,925,000.00 5,369,000.00 4,622,000.00 4,657,000.00 4,655,000.00
Net Debt 6,376,000.00 4,683,000.00 4,307,000.00 3,785,000.00 3,497,000.00
Common Shares Outstanding 0 0 111,000.00 119,000.00 133,000.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 9,872,000.00 9,252,000.00 9,883,000.00 10,788,000.00 9,437,000.00
Cost Of Revenue 6,628,000.00 6,199,000.00 6,450,000.00 6,579,000.00 5,804,000.00
Gross Profit 3,244,000.00 3,053,000.00 3,433,000.00 4,209,000.00 3,633,000.00
Operating Expenses 1,898,000.00 1,791,000.00 2,005,000.00 1,828,000.00 1,662,000.00
   Selling, General and Administrative Expenses 1,770,000.00 1,642,000.00 1,874,000.00 1,727,000.00 1,550,000.00
   Other Operating Expenses 128,000.00 149,000.00 131,000.00 101,000.00 112,000.00
Operating Income 1,346,000.00 1,262,000.00 1,428,000.00 2,381,000.00 1,971,000.00
Net Non-Operating Income -171,000.00 -132,000.00 -193,000.00 218,000.00 -87,000.00
Interest Income 25,000.00 11,000.00 10,000.00 1,000.00 3,000.00
Interest Expense 226,000.00 163,000.00 148,000.00 152,000.00 166,000.00
Net Interest -201,000.00 -152,000.00 -138,000.00 -151,000.00 -163,000.00
EBT 1,175,000.00 1,130,000.00 1,235,000.00 2,599,000.00 1,884,000.00
Income Tax 273,000.00 248,000.00 264,000.00 652,000.00 460,000.00
Equity Method Investments Income 19,000.00 26,000.00 44,000.00 78,000.00 75,000.00
Net Income Including Non-Controlling Interests 821,000.00 800,000.00 877,000.00 1,910,000.00 1,363,000.00
Net Income Non-Controlling Interests 50,000.00 54,000.00 69,000.00 85,000.00 68,000.00
Net Income 871,000.00 854,000.00 946,000.00 1,995,000.00 1,431,000.00
EBIT 1,401,000.00 1,293,000.00 1,383,000.00 2,751,000.00 2,050,000.00
Deprecation and Amortization 493,000.00 439,000.00 437,000.00 408,000.00 361,000.00
EBITDA 1,894,000.00 1,732,000.00 1,820,000.00 3,159,000.00 2,411,000.00
EPS 0.01 0.01 0.01 0.02 0.01
Diluted EPS 0.01 0.01 0.01 0.02 0.01
Average Shares Outstanding Basic 111,000.00 112,000.00 116,000.00 125,000.00 134,000.00
Average Shares Outstanding Diluted 113,000.00 113,000.00 118,000.00 128,000.00 136,000.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 1,334,000.00 1,272,000.00 1,718,000.00 2,233,000.00 2,005,000.00
   Operating Net Income 921,000.00 908,000.00 1,015,000.00 2,080,000.00 1,499,000.00
   Deprecation and Amortization 493,000.00 439,000.00 437,000.00 408,000.00 361,000.00
   Deferred Income Tax 13,000.00 -49,000.00 1,000.00 15,000.00 85,000.00
   Share Based Compensation 88,000.00 77,000.00 77,000.00 79,000.00 97,000.00
   Change in Working Capital 99,000.00 31,000.00 -479,000.00 -57,000.00 966,000.00
   Other Operating Activities -280,000.00 -134,000.00 667,000.00 -292,000.00 -1,003,000.00
Investing Cash Flow -2,548,000.00 -1,061,000.00 -543,000.00 21,000.00 -772,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 425,000.00 408,000.00 404,000.00 809,000.00 839,000.00
   Net Purchase/Sale of Investments Net -41,000.00 42,000.00 -5,000.00 3,000.00 27,000.00
   Net Purchase/Sale of Business 2,134,000.00 611,000.00 144,000.00 1,086,000.00 330,000.00
   Other Investing Activities -5,066,000.00 -2,122,000.00 -1,086,000.00 -1,877,000.00 -1,968,000.00
Financing Cash Flow 1,084,000.00 160,000.00 -1,732,000.00 -2,540,000.00 -1,267,000.00
   Net Issuance/Repayment of Debt 2,149,000.00 4,436,000.00 2,000.00 2,000.00 2,303,000.00
   Net Issuance/Repurchase of Equity 224,000.00 347,000.00 1,531,000.00 2,328,000.00 514,000.00
   Dividends Paid 378,000.00 371,000.00 378,000.00 408,000.00 355,000.00
   Other Financing Activities -1,667,000.00 -4,994,000.00 -3,643,000.00 -5,278,000.00 -4,439,000.00
Net Change in Cash -137,000.00 371,000.00 -557,000.00 -286,000.00 -34,000.00
   Cash at Beginning of Period 686,000.00 315,000.00 872,000.00 1,158,000.00 1,192,000.00
   Cash at End of Period 549,000.00 686,000.00 315,000.00 872,000.00 1,158,000.00
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 16,197,000.00 15,969,000.00 15,797,000.00 16,153,000.00 16,095,000.00 13,881,000.00 13,954,000.00 14,022,000.00 13,482,000.00 13,425,000.00 12,794,000.00 12,837,000.00 13,223,000.00 13,312,000.00 13,442,000.00 13,611,000.00 13,572,000.00 12,861,000.00 13,931,000.00 14,026,000.00
   Current Assets 2,407,000.00 2,198,000.00 2,075,000.00 2,392,000.00 2,623,000.00 2,017,000.00 2,228,000.00 2,372,000.00 1,815,000.00 1,733,000.00 1,814,000.00 1,898,000.00 2,334,000.00 2,426,000.00 2,475,000.00 2,741,000.00 2,854,000.00 2,146,000.00 2,999,000.00 3,058,000.00
      Cash and Short-Term Investments 432,000.00 319,000.00 188,000.00 549,000.00 764,000.00 271,000.00 474,000.00 686,000.00 143,000.00 126,000.00 175,000.00 315,000.00 700,000.00 790,000.00 712,000.00 872,000.00 987,000.00 560,000.00 1,230,000.00 1,158,000.00
            Cash and Cash Equivalents 432,000.00 319,000.00 188,000.00 549,000.00 764,000.00 271,000.00 474,000.00 686,000.00 143,000.00 126,000.00 175,000.00 315,000.00 700,000.00 790,000.00 712,000.00 872,000.00 987,000.00 560,000.00 1,230,000.00 1,158,000.00
            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 1,456,000.00 1,419,000.00 1,404,000.00 1,304,000.00 1,376,000.00 1,319,000.00 1,322,000.00 1,210,000.00 1,281,000.00 1,235,000.00 1,254,000.00 1,195,000.00 1,280,000.00 1,293,000.00 1,371,000.00 1,438,000.00 1,473,000.00 1,255,000.00 1,382,000.00 1,520,000.00
      Inventory 186,000.00 187,000.00 189,000.00 188,000.00 184,000.00 182,000.00 181,000.00 190,000.00 184,000.00 184,000.00 190,000.00 192,000.00 183,000.00 187,000.00 197,000.00 208,000.00 205,000.00 199,000.00 223,000.00 223,000.00
      Other Current Assets 333,000.00 273,000.00 294,000.00 351,000.00 299,000.00 245,000.00 251,000.00 286,000.00 207,000.00 188,000.00 195,000.00 196,000.00 171,000.00 156,000.00 195,000.00 223,000.00 189,000.00 132,000.00 164,000.00 157,000.00
   Non-Current Assets 13,790,000.00 13,771,000.00 13,722,000.00 13,761,000.00 13,472,000.00 11,864,000.00 11,726,000.00 11,650,000.00 11,667,000.00 11,692,000.00 10,980,000.00 10,939,000.00 10,889,000.00 10,886,000.00 10,967,000.00 10,870,000.00 10,718,000.00 10,715,000.00 10,932,000.00 10,968,000.00
      Property, Plant, Equipment Net 2,794,000.00 2,775,000.00 2,754,000.00 2,764,000.00 2,754,000.00 2,435,000.00 2,389,000.00 2,418,000.00 2,437,000.00 2,425,000.00 2,384,000.00 2,382,000.00 2,345,000.00 2,294,000.00 2,319,000.00 2,304,000.00 2,230,000.00 2,211,000.00 2,224,000.00 2,231,000.00
      Goodwill 8,901,000.00 8,883,000.00 8,849,000.00 11,148,000.00 10,349,000.00 7,885,000.00 7,830,000.00 7,733,000.00 7,732,000.00 7,733,000.00 7,241,000.00 7,220,000.00 7,190,000.00 7,195,000.00 7,197,000.00 7,095,000.00 7,057,000.00 7,045,000.00 6,870,000.00 6,873,000.00
      Intangible Assets 1,662,000.00 1,706,000.00 1,725,000.00 5,053,000.00 1,716,000.00 1,202,000.00 1,192,000.00 3,262,000.00 1,219,000.00 1,247,000.00 1,077,000.00 3,040,000.00 3,109,000.00 3,196,000.00 3,280,000.00 3,265,000.00 3,220,000.00 3,280,000.00 3,187,000.00 3,265,000.00
      Long-Term Investments 137,000.00 136,000.00 134,000.00 123,000.00 125,000.00 126,000.00 133,000.00 135,000.00 130,000.00 135,000.00 128,000.00 132,000.00 138,000.00 147,000.00 155,000.00 141,000.00 124,000.00 111,000.00 527,000.00 521,000.00
      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 296,000.00 271,000.00 260,000.00 -5,327,000.00 -1,472,000.00 216,000.00 182,000.00 -1,898,000.00 149,000.00 152,000.00 150,000.00 -1,835,000.00 -1,893,000.00 -1,946,000.00 -1,984,000.00 -1,935,000.00 -1,913,000.00 -1,932,000.00 -1,876,000.00 -1,922,000.00
Liabilities 1,647,000.00 1,455,000.00 1,956,000.00 9,340,000.00 9,254,000.00 7,225,000.00 7,485,000.00 7,680,000.00 7,019,000.00 7,138,000.00 6,706,000.00 6,907,000.00 6,951,000.00 6,862,000.00 7,027,000.00 7,128,000.00 7,140,000.00 6,921,000.00 7,141,000.00 7,217,000.00
   Current Liabilities 2,134,000.00 2,024,000.00 1,441,000.00 2,169,000.00 2,092,000.00 2,012,000.00 2,298,000.00 1,815,000.00 1,618,000.00 1,875,000.00 1,355,000.00 1,551,000.00 1,602,000.00 1,577,000.00 1,700,000.00 1,753,000.00 1,759,000.00 1,551,000.00 1,707,000.00 1,776,000.00
      Payables and Expenses 1,457,000.00 1,349,000.00 1,267,000.00 1,394,000.00 1,313,000.00 1,247,000.00 1,239,000.00 1,359,000.00 1,157,000.00 1,201,000.00 1,198,000.00 1,396,000.00 1,447,000.00 1,420,000.00 1,544,000.00 1,600,000.00 1,610,000.00 1,404,000.00 1,559,000.00 1,633,000.00
            Account Payables 0 0 0 287,000.00 0 0 0 378,000.00 0 0 0 324,000.00 0 0 0 357,000.00 0 0 0 446,000.00
            Current Accrued Liabilities 0 0 0 479,000.00 0 0 0 381,000.00 0 0 0 428,000.00 0 0 0 518,000.00 0 0 0 502,000.00
      Short-Term Debt 677,000.00 675,000.00 174,000.00 775,000.00 779,000.00 765,000.00 1,059,000.00 456,000.00 461,000.00 674,000.00 157,000.00 155,000.00 155,000.00 157,000.00 156,000.00 153,000.00 149,000.00 147,000.00 148,000.00 143,000.00
      Other Current Liabilities 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 0.00
   Non-Current Liabilities -487,000.00 -569,000.00 515,000.00 7,171,000.00 7,162,000.00 5,213,000.00 5,187,000.00 5,865,000.00 5,401,000.00 5,263,000.00 5,351,000.00 5,356,000.00 5,349,000.00 5,285,000.00 5,327,000.00 5,375,000.00 5,381,000.00 5,370,000.00 5,434,000.00 5,441,000.00
      Long-Term Debt 5,705,000.00 5,709,000.00 6,396,000.00 6,150,000.00 6,191,000.00 4,323,000.00 4,293,000.00 4,913,000.00 4,451,000.00 4,285,000.00 4,465,000.00 4,467,000.00 4,485,000.00 4,480,000.00 4,507,000.00 4,504,000.00 4,501,000.00 4,500,000.00 4,513,000.00 4,512,000.00
      Other Non-Current Liabilities -6,192,000.00 -6,278,000.00 -5,881,000.00 1,021,000.00 971,000.00 890,000.00 894,000.00 952,000.00 950,000.00 978,000.00 886,000.00 889,000.00 864,000.00 805,000.00 820,000.00 871,000.00 880,000.00 870,000.00 921,000.00 929,000.00
Equity 14,550,000.00 14,514,000.00 13,841,000.00 6,813,000.00 6,841,000.00 6,656,000.00 6,469,000.00 6,342,000.00 6,463,000.00 6,287,000.00 6,088,000.00 5,930,000.00 6,272,000.00 6,450,000.00 6,415,000.00 6,483,000.00 6,432,000.00 5,940,000.00 6,790,000.00 6,809,000.00
   Shareholders Equity 7,258,000.00 7,228,000.00 6,929,000.00 6,778,000.00 6,809,000.00 6,617,000.00 6,432,000.00 6,307,000.00 6,425,000.00 6,249,000.00 6,050,000.00 5,893,000.00 6,235,000.00 6,411,000.00 6,377,000.00 6,444,000.00 6,392,000.00 5,899,000.00 6,745,000.00 6,759,000.00
      Capital Stock 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00
      Share Premium 2,355,000.00 2,332,000.00 2,310,000.00 2,361,000.00 2,332,000.00 2,314,000.00 2,292,000.00 2,320,000.00 2,302,000.00 2,284,000.00 2,266,000.00 2,295,000.00 2,272,000.00 2,250,000.00 2,226,000.00 2,260,000.00 1,936,000.00 2,555,000.00 2,824,000.00 2,841,000.00
      Retained Earnings 9,837,000.00 9,682,000.00 9,490,000.00 9,360,000.00 9,222,000.00 9,080,000.00 8,935,000.00 8,825,000.00 8,711,000.00 8,566,000.00 8,412,000.00 8,290,000.00 8,263,000.00 8,083,000.00 7,926,000.00 7,649,000.00 7,333,000.00 10,246,000.00 9,690,000.00 9,303,000.00
      Treasury Shares 4,896,000.00 4,772,000.00 4,790,000.00 4,857,000.00 4,732,000.00 4,760,000.00 4,781,000.00 4,826,000.00 4,570,000.00 4,587,000.00 4,612,000.00 4,673,000.00 4,271,000.00 3,901,000.00 3,761,000.00 3,453,000.00 2,866,000.00 6,894,000.00 5,740,000.00 5,366,000.00
      Accumulated Other Comprehensive Income -40,000.00 -16,000.00 -83,000.00 -264,000.00 -15,000.00 -19,000.00 -16,000.00 -42,000.00 -20,000.00 -16,000.00 -18,000.00 -63,000.00 -31,000.00 -23,000.00 -16,000.00 -42,000.00 -13,000.00 -11,000.00 -30,000.00 -62,000.00
   Minority Interest 37,000.00 37,000.00 33,000.00 35,000.00 32,000.00 39,000.00 37,000.00 35,000.00 38,000.00 38,000.00 38,000.00 37,000.00 37,000.00 39,000.00 38,000.00 39,000.00 40,000.00 41,000.00 45,000.00 50,000.00
Investments 137,000.00 136,000.00 134,000.00 123,000.00 125,000.00 126,000.00 133,000.00 135,000.00 130,000.00 135,000.00 128,000.00 132,000.00 138,000.00 147,000.00 155,000.00 141,000.00 124,000.00 111,000.00 527,000.00 521,000.00
Debt 6,382,000.00 6,384,000.00 6,570,000.00 6,925,000.00 6,970,000.00 5,088,000.00 5,352,000.00 5,369,000.00 4,912,000.00 4,959,000.00 4,622,000.00 4,622,000.00 4,640,000.00 4,637,000.00 4,663,000.00 4,657,000.00 4,650,000.00 4,647,000.00 4,661,000.00 4,655,000.00
Net Debt 5,950,000.00 6,065,000.00 6,382,000.00 6,376,000.00 6,206,000.00 4,817,000.00 4,878,000.00 4,683,000.00 4,769,000.00 4,833,000.00 4,447,000.00 4,307,000.00 3,940,000.00 3,847,000.00 3,951,000.00 3,785,000.00 3,663,000.00 4,087,000.00 3,431,000.00 3,497,000.00
Common Shares Outstanding 0 0 0 0 0 0 0 0 0 0 0 111,000.00 0 0 0 119,000.00 0 0 0 133,000.00
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 8,229,000.00 5,413,000.00 2,652,000.00 -4,508,000.00 7,251,000.00 4,763,000.00 2,366,000.00 -4,712,000.00 6,964,000.00 4,669,000.00 2,331,000.00 -5,342,000.00 7,550,000.00 5,064,000.00 2,611,000.00 -5,246,000.00 8,044,000.00 5,270,000.00 2,720,000.00
Cost Of Revenue 5,474,000.00 3,607,000.00 1,789,000.00 -3,020,000.00 4,865,000.00 3,188,000.00 1,595,000.00 -3,114,000.00 4,647,000.00 3,106,000.00 1,560,000.00 -3,328,000.00 4,875,000.00 3,257,000.00 1,646,000.00 -3,099,000.00 4,861,000.00 3,191,000.00 1,626,000.00
Gross Profit 2,755,000.00 1,806,000.00 863,000.00 -1,488,000.00 2,386,000.00 1,575,000.00 771,000.00 -1,598,000.00 2,317,000.00 1,563,000.00 771,000.00 -2,014,000.00 2,675,000.00 1,807,000.00 965,000.00 -2,147,000.00 3,183,000.00 2,079,000.00 1,094,000.00
Operating Expenses 1,585,000.00 1,022,000.00 517,000.00 -894,000.00 1,401,000.00 920,000.00 471,000.00 -907,000.00 1,322,000.00 910,000.00 466,000.00 -735,000.00 1,382,000.00 906,000.00 452,000.00 -830,000.00 1,338,000.00 886,000.00 434,000.00
   Selling, General and Administrative Expenses 1,463,000.00 962,000.00 476,000.00 -830,000.00 1,304,000.00 856,000.00 440,000.00 -887,000.00 1,235,000.00 855,000.00 439,000.00 -709,000.00 1,311,000.00 847,000.00 425,000.00 -779,000.00 1,263,000.00 836,000.00 407,000.00
   Other Operating Expenses 122,000.00 60,000.00 41,000.00 -64,000.00 97,000.00 64,000.00 31,000.00 -20,000.00 87,000.00 55,000.00 27,000.00 -26,000.00 71,000.00 59,000.00 27,000.00 -51,000.00 75,000.00 50,000.00 27,000.00
Operating Income 1,170,000.00 784,000.00 346,000.00 -594,000.00 985,000.00 655,000.00 300,000.00 -691,000.00 995,000.00 653,000.00 305,000.00 -1,279,000.00 1,293,000.00 901,000.00 513,000.00 -1,317,000.00 1,845,000.00 1,193,000.00 660,000.00
Net Non-Operating Income -182,000.00 -124,000.00 -70,000.00 47,000.00 -109,000.00 -75,000.00 -34,000.00 57,000.00 -102,000.00 -59,000.00 -28,000.00 161,000.00 -167,000.00 -126,000.00 -61,000.00 -250,000.00 252,000.00 250,000.00 -34,000.00
Interest Income 10,000.00 7,000.00 5,000.00 -8,000.00 18,000.00 9,000.00 6,000.00 0.00 5,000.00 4,000.00 2,000.00 2,000.00 6,000.00 2,000.00 0.00 1,000.00 0.00 0.00 0.00
Interest Expense 210,000.00 141,000.00 72,000.00 -73,000.00 154,000.00 96,000.00 49,000.00 -67,000.00 117,000.00 76,000.00 37,000.00 -76,000.00 112,000.00 75,000.00 37,000.00 -76,000.00 114,000.00 76,000.00 38,000.00
Net Interest -200,000.00 -134,000.00 -67,000.00 65,000.00 -136,000.00 -87,000.00 -43,000.00 67,000.00 -112,000.00 -72,000.00 -35,000.00 78,000.00 -106,000.00 -73,000.00 -37,000.00 77,000.00 -114,000.00 -76,000.00 -38,000.00
EBT 988,000.00 660,000.00 276,000.00 -547,000.00 876,000.00 580,000.00 266,000.00 -634,000.00 893,000.00 594,000.00 277,000.00 -1,118,000.00 1,126,000.00 775,000.00 452,000.00 -1,567,000.00 2,097,000.00 1,443,000.00 626,000.00
Income Tax 233,000.00 156,000.00 59,000.00 -138,000.00 205,000.00 140,000.00 66,000.00 -165,000.00 208,000.00 140,000.00 65,000.00 -301,000.00 268,000.00 187,000.00 110,000.00 -369,000.00 538,000.00 330,000.00 153,000.00
Equity Method Investments Income 35,000.00 27,000.00 18,000.00 -11,000.00 14,000.00 8,000.00 8,000.00 -9,000.00 18,000.00 12,000.00 5,000.00 -63,000.00 41,000.00 35,000.00 31,000.00 -19,000.00 53,000.00 27,000.00 17,000.00
Net Income Including Non-Controlling Interests 704,000.00 473,000.00 205,000.00 -370,000.00 613,000.00 398,000.00 180,000.00 -416,000.00 621,000.00 408,000.00 187,000.00 -806,000.00 791,000.00 555,000.00 337,000.00 -1,141,000.00 1,543,000.00 1,060,000.00 448,000.00
Net Income Non-Controlling Interests 43,000.00 29,000.00 15,000.00 -25,000.00 36,000.00 25,000.00 14,000.00 -31,000.00 41,000.00 29,000.00 15,000.00 -37,000.00 54,000.00 34,000.00 18,000.00 -38,000.00 62,000.00 40,000.00 21,000.00
Net Income 747,000.00 502,000.00 220,000.00 -395,000.00 649,000.00 423,000.00 194,000.00 -447,000.00 662,000.00 437,000.00 202,000.00 -843,000.00 845,000.00 589,000.00 355,000.00 -1,179,000.00 1,605,000.00 1,100,000.00 469,000.00
EBIT 1,198,000.00 801,000.00 348,000.00 -620,000.00 1,030,000.00 676,000.00 315,000.00 -701,000.00 1,010,000.00 670,000.00 314,000.00 -1,194,000.00 1,238,000.00 850,000.00 489,000.00 -1,643,000.00 2,211,000.00 1,519,000.00 664,000.00
Deprecation and Amortization 425,000.00 283,000.00 140,000.00 -214,000.00 358,000.00 233,000.00 116,000.00 -217,000.00 330,000.00 219,000.00 107,000.00 -203,000.00 321,000.00 213,000.00 106,000.00 -196,000.00 302,000.00 201,000.00 101,000.00
EBITDA 1,623,000.00 1,084,000.00 488,000.00 -834,000.00 1,388,000.00 909,000.00 431,000.00 -918,000.00 1,340,000.00 889,000.00 421,000.00 -1,397,000.00 1,559,000.00 1,063,000.00 595,000.00 -1,839,000.00 2,513,000.00 1,720,000.00 765,000.00
EPS 0.01 0.00 0.00 -0.00 0.01 0.00 0.00 -0.00 0.01 0.00 0.00 -0.00 0.01 0.00 0.00 -0.00 0.01 0.01 0.00
Diluted EPS 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.01 0.00
Average Shares Outstanding Basic 112,000.00 112,000.00 111,000.00 111,000.00 111,000.00 111,000.00 111,000.00 112,000.00 112,000.00 112,000.00 112,000.00 110,000.00 117,000.00 118,000.00 119,000.00 111,000.00 127,000.00 129,000.00 133,000.00
Average Shares Outstanding Diluted 113,000.00 113,000.00 113,000.00 116,000.00 112,000.00 112,000.00 112,000.00 111,000.00 114,000.00 114,000.00 113,000.00 112,000.00 119,000.00 120,000.00 121,000.00 117,000.00 129,000.00 131,000.00 135,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Operating Cash Flow 1,421,000.00 858,000.00 314,000.00 -204,000.00 870,000.00 514,000.00 154,000.00 -105,000.00 745,000.00 538,000.00 94,000.00 -1,028,000.00 1,384,000.00 882,000.00 480,000.00 -1,441,000.00 1,752,000.00 1,191,000.00 731,000.00
   Operating Net Income 790,000.00 531,000.00 235,000.00 -420,000.00 685,000.00 448,000.00 208,000.00 -478,000.00 703,000.00 466,000.00 217,000.00 -880,000.00 899,000.00 623,000.00 373,000.00 -1,217,000.00 1,667,000.00 1,140,000.00 490,000.00
   Deprecation and Amortization 425,000.00 283,000.00 140,000.00 -214,000.00 358,000.00 233,000.00 116,000.00 -217,000.00 330,000.00 219,000.00 107,000.00 -203,000.00 321,000.00 213,000.00 106,000.00 -196,000.00 302,000.00 201,000.00 101,000.00
   Deferred Income Tax 118,000.00 8,000.00 7,000.00 88,000.00 -21,000.00 -36,000.00 -18,000.00 10,000.00 -39,000.00 -16,000.00 -4,000.00 19,000.00 45,000.00 -20,000.00 -43,000.00 136,000.00 -15,000.00 -89,000.00 -17,000.00
   Share Based Compensation 63,000.00 43,000.00 22,000.00 -37,000.00 61,000.00 42,000.00 22,000.00 -45,000.00 58,000.00 40,000.00 24,000.00 -33,000.00 55,000.00 37,000.00 18,000.00 -38,000.00 60,000.00 39,000.00 18,000.00
   Change in Working Capital 238,000.00 31,000.00 14,000.00 31,000.00 92,000.00 10,000.00 -34,000.00 453,000.00 -143,000.00 -131,000.00 -148,000.00 454,000.00 -366,000.00 -405,000.00 -162,000.00 522,000.00 1,000.00 -439,000.00 -141,000.00
   Other Operating Activities -213,000.00 -38,000.00 -104,000.00 348,000.00 -305,000.00 -183,000.00 -140,000.00 172,000.00 -164,000.00 -40,000.00 -102,000.00 -385,000.00 430,000.00 434,000.00 188,000.00 -648,000.00 -263,000.00 339,000.00 280,000.00
Investing Cash Flow -440,000.00 -239,000.00 -115,000.00 124,000.00 -2,046,000.00 -413,000.00 -213,000.00 884,000.00 -947,000.00 -840,000.00 -158,000.00 246,000.00 -369,000.00 -251,000.00 -169,000.00 -478,000.00 248,000.00 344,000.00 -93,000.00
   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 369,000.00 225,000.00 117,000.00 -177,000.00 302,000.00 196,000.00 104,000.00 -286,000.00 336,000.00 231,000.00 127,000.00 -55,000.00 257,000.00 139,000.00 63,000.00 294,000.00 259,000.00 170,000.00 86,000.00
   Net Purchase/Sale of Investments Net 20,000.00 -3,000.00 -2,000.00 60,000.00 -37,000.00 -31,000.00 -33,000.00 42,000.00 0 0 0 -18,000.00 6,000.00 6,000.00 1,000.00 -11,000.00 -3,000.00 10,000.00 7,000.00
   Net Purchase/Sale of Business 51,000.00 17,000.00 0 -37,000.00 1,781,000.00 248,000.00 142,000.00 -640,000.00 611,000.00 609,000.00 31,000.00 -173,000.00 106,000.00 106,000.00 105,000.00 -906,000.00 1,006,000.00 986,000.00 0
   Other Investing Activities -880,000.00 -478,000.00 -230,000.00 278,000.00 -4,092,000.00 -826,000.00 -426,000.00 1,768,000.00 -1,894,000.00 -1,680,000.00 -316,000.00 492,000.00 -738,000.00 -502,000.00 -338,000.00 145,000.00 -1,014,000.00 -822,000.00 -186,000.00
Financing Cash Flow -1,101,000.00 -854,000.00 -561,000.00 499,000.00 1,254,000.00 -516,000.00 -153,000.00 93,000.00 30,000.00 113,000.00 -76,000.00 639,000.00 -1,187,000.00 -713,000.00 -471,000.00 2,330,000.00 -2,171,000.00 -2,133,000.00 -566,000.00
   Net Issuance/Repayment of Debt 1,421,000.00 1,401,000.00 815,000.00 -300,000.00 2,148,000.00 301,000.00 0 -808,000.00 3,129,000.00 1,975,000.00 140,000.00 -1,000.00 1,000.00 1,000.00 1,000.00 -2,000.00 2,000.00 1,000.00 1,000.00
   Net Issuance/Repurchase of Equity 211,000.00 42,000.00 29,000.00 132,000.00 52,000.00 28,000.00 12,000.00 215,000.00 60,000.00 47,000.00 25,000.00 -536,000.00 1,043,000.00 641,000.00 383,000.00 -2,095,000.00 2,018,000.00 1,978,000.00 427,000.00
   Dividends Paid 306,000.00 203,000.00 102,000.00 -175,000.00 282,000.00 181,000.00 90,000.00 -174,000.00 275,000.00 182,000.00 88,000.00 -192,000.00 288,000.00 188,000.00 94,000.00 -212,000.00 307,000.00 209,000.00 104,000.00
   Other Financing Activities -3,039,000.00 -2,500,000.00 -1,507,000.00 842,000.00 -1,228,000.00 -1,026,000.00 -255,000.00 860,000.00 -3,434,000.00 -2,091,000.00 -329,000.00 1,368,000.00 -2,519,000.00 -1,543,000.00 -949,000.00 4,639,000.00 -4,498,000.00 -4,321,000.00 -1,098,000.00
Net Change in Cash -117,000.00 -230,000.00 -361,000.00 412,000.00 78,000.00 -415,000.00 -212,000.00 872,000.00 -172,000.00 -189,000.00 -140,000.00 -143,000.00 -172,000.00 -82,000.00 -160,000.00 411,000.00 -171,000.00 -598,000.00 72,000.00
   Cash at Beginning of Period 549,000.00 549,000.00 549,000.00 137,000.00 686,000.00 686,000.00 686,000.00 -186,000.00 315,000.00 315,000.00 315,000.00 458,000.00 872,000.00 872,000.00 872,000.00 461,000.00 1,158,000.00 1,158,000.00 1,158,000.00
   Cash at End of Period 432,000.00 319,000.00 188,000.00 549,000.00 764,000.00 271,000.00 474,000.00 686,000.00 143,000.00 126,000.00 175,000.00 315,000.00 700,000.00 790,000.00 712,000.00 872,000.00 987,000.00 560,000.00 1,230,000.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0