Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 19.26 25.19 12.48 16.04 22.97
Price to Sales 1.47 2.04 0.99 1.37 1.58
Book Value Per Common Share 16.11 16.62 20.15 20.90 15.71
Price to Book 6.88 7.66 5.16 6.43 6.05
Price to Operating Cash Flow 21.59 18.01 7.95 26.15 24.44
Price to Free Cash Flow
Enterprise Value to EBITDA 132249.04 168259.09 83673.39 113639.04 158866.09
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 27.43 40.37 81.25 32.36 51.35 103.03 29.02 43.57 74.91 12.80 22.40 49.84 20.97 35.46 63.35
Price to Sales 2.04 2.94 6.22 2.43 3.82 7.89 2.46 3.82 6.55 1.07 1.75 3.70 1.81 3.15 5.43
Book Value Per Common Share 17.02 16.25 16.72 16.11 16.84 15.48 15.56 16.62 17.13 17.36 20.61 20.15 21.88 21.64 22.95 20.90 20.17 18.20 17.03 15.71
Price to Book 7.20 7.03 7.19 6.88 7.80 8.06 7.81 7.66 6.69 6.98 5.34 5.16 4.04 4.50 4.50 6.43 5.91 6.95 6.32 6.05
Price to Operating Cash Flow 23.11 30.00 48.37 39.27 46.22 67.76 19.28 26.17 31.07 8.87 16.68 41.74 35.81 55.44 51.22
Price to Free Cash Flow
Enterprise Value to EBITDA 187823.40 274568.29 566021.32 222279.74 351522.61 690808.93 196141.37 296933.63 528015.93 90238.22 157653.45 356844.32 150909.99 257534.20 450585.92

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 13.86 -39.38 -0.48 102.17
Revenue YoY 13.98 -45.52 3.32 63.33
EBITDA YoY 6.28 -43.25 -3.01 94.96
Net Profit YoY 7.60 -44.53 -4.10 103.33
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 57.95 91.22 67.08 105.93 42.09 89.12 58.62 110.14 59.10 110.00
Revenue YoY 54.43 99.45 64.58 110.53 45.32 86.39 47.07 98.69 63.44 102.76
EBITDA YoY 55.56 93.57 65.74 101.03 41.48 88.57 54.61 108.04 60.80 106.12
Net Profit YoY 57.38 90.08 66.62 103.73 40.53 87.08 57.22 109.16 59.49 110.15

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 8.14 10.14 12.48 24.90 9.08
Quick Ratio 1.52 1.79 2.02 2.15 1.86
Current Ratio 1.77 2.02 2.20 1.78 2.09
Debt to Equity -0.47 -0.53 -0.55 -0.46 -0.54
Long-Term Debt to Equity -0.70 -0.71 -0.72 -0.72 -0.72
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 8.73 8.44 9.57 8.32 9.14 8.95 9.57 10.52 10.89 11.15 15.25 13.18 13.06 11.88 12.77 25.19 10.74 9.90 10.60 9.02
Quick Ratio 1.58 1.49 1.62 1.52 1.46 1.44 1.61 1.79 1.86 1.98 2.25 2.02 1.81 1.60 1.63 2.15 1.57 1.74 1.83 1.86
Current Ratio 1.79 1.73 1.83 1.77 1.72 1.71 1.85 2.02 2.11 2.21 2.42 2.20 2.06 1.86 1.87 1.78 1.87 2.01 2.05 2.09
Debt to Equity -0.48 -0.46 -0.48 -0.47 -0.45 -0.45 -0.49 -0.53 -0.54 -0.55 -0.58 -0.55 -0.53 -0.48 -0.48 -0.46 -0.48 -0.52 -0.53 -0.54
Long-Term Debt to Equity -0.70 -0.70 -0.70 -0.70 -0.70 -0.70 -0.70 -0.71 -0.71 -0.71 -0.72 -0.72 -0.72 -0.72 -0.72 -0.72 -0.72 -0.72 -0.72 -0.72

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 17.04 16.64 24.28 18.60 14.13
ROE 9.10 7.87 10.90 10.12 6.54
Gross Margin -103.39 -95.29 -121.29 -118.93 -113.18
Operating Margin 10.33 10.97 10.89 11.65 9.46
EBITDA Margin 10.90 11.69 11.23 11.96 10.02
Net Profit Margin 7.64 8.10 7.95 8.57 6.88
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
ROA 12.75 8.09 4.28 11.10 7.20 3.77 12.98 9.26 4.24 17.22 9.83 4.35 13.60 10.14 5.27
ROE 6.68 4.41 2.23 6.09 3.96 1.92 5.96 4.13 1.79 8.15 5.12 2.25 7.04 4.90 2.50
Gross Margin -99.79 -99.13 -99.89 -102.72 -98.42 -94.86 -93.97 -94.83 -98.92 -123.84 -125.87 -127.01 -116.54 -113.54 -114.98
Operating Margin 10.13 10.04 10.35 10.22 10.10 10.57 11.44 11.79 11.70 11.11 10.57 10.10 11.67 11.84 11.63
EBITDA Margin 10.65 10.57 10.89 10.82 10.75 11.25 12.10 12.43 12.28 11.43 10.87 10.38 12.02 12.22 12.02
Net Profit Margin 7.42 7.28 7.64 7.51 7.42 7.67 8.46 8.75 8.72 8.35 7.81 7.42 8.65 8.87 8.55

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 4,754,458.00 4,523,809.00 5,590,434.00 7,609,929.00 4,927,503.00
   Current Assets 3,659,775.00 3,435,196.00 4,518,017.00 6,635,045.00 3,963,544.00
      Cash and Short-Term Investments 1,148,320.00 1,512,883.00 2,034,131.00 4,211,822.00 1,527,791.00
            Cash and Cash Equivalents 1,148,320.00 1,512,883.00 2,034,131.00 4,211,822.00 1,527,791.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 1,997,840.00 1,532,599.00 2,107,645.00 3,810,286.00 1,998,055.00
      Inventory 0 0 0 0 0
      Other Current Assets 513,615.00 389,714.00 376,241.00 -1,387,063.00 437,698.00
   Non-Current Assets 1,094,683.00 1,088,613.00 1,072,417.00 974,884.00 963,959.00
      Property, Plant, Equipment Net 1,001,056.00 995,505.00 1,009,419.00 947,028.00 939,148.00
      Goodwill 7,927.00 7,927.00 7,927.00 7,927.00 7,927.00
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 70,671.00 63,690.00 37,449.00 729.00 0
      Other Non-Current Assets 15,029.00 21,491.00 17,622.00 19,200.00 16,884.00
Liabilities -4,145,906.00 -5,040,780.00 -6,860,192.00 -6,378,470.00 -5,721,815.00
   Current Liabilities 2,066,473.00 1,704,412.00 2,054,055.00 3,726,297.00 1,893,043.00
      Payables and Expenses 1,517,810.00 1,323,754.00 1,635,333.00 2,502,252.00 1,439,317.00
            Account Payables 1,036,749.00 860,856.00 1,108,996.00 2,012,461.00 1,136,859.00
            Current Accrued Liabilities 481,061.00 462,898.00 526,337.00 489,791.00 302,458.00
      Short-Term Debt 106,736.00 99,749.00 95,621.00 82,019.00 74,004.00
      Other Current Liabilities 441,927.00 280,909.00 323,101.00 1,142,026.00 379,722.00
   Non-Current Liabilities -6,212,379.00 -6,745,192.00 -8,914,247.00 -10,104,767.00 -7,614,858.00
      Long-Term Debt 462,201.00 427,984.00 422,844.00 385,641.00 364,185.00
      Other Non-Current Liabilities -6,674,580.00 -7,173,176.00 -9,337,091.00 -10,490,408.00 -7,979,043.00
Equity 8,900,364.00 9,564,589.00 12,450,626.00 13,988,399.00 10,649,318.00
   Shareholders Equity 2,223,012.00 2,390,350.00 3,110,021.00 3,494,426.00 2,659,637.00
      Capital Stock 1,380.00 1,439.00 1,543.00 1,672.00 1,693.00
      Share Premium 0 0 139.00 3,160.00 157,496.00
      Retained Earnings 2,455,132.00 2,580,968.00 3,310,892.00 3,620,008.00 2,600,201.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -233,500.00 -192,057.00 -202,553.00 -130,414.00 -99,753.00
   Minority Interest 2,772.00 1,063.00 3,514.00 3,565.00 3,590.00
Debt 568,937.00 527,733.00 518,465.00 467,660.00 438,189.00
Common Shares Outstanding 138,003.00 143,866.00 154,313.00 167,210.00 169,294.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 10,600,515.00 9,300,110.00 17,071,284.00 16,523,517.00 10,116,481.00
Cost Of Revenue 21,560,154.00 18,162,000.00 37,777,691.00 36,174,465.00 21,566,370.00
Gross Profit -10,959,639.00 -8,861,890.00 -20,706,407.00 -19,650,948.00 -11,449,889.00
Operating Expenses -12,000,962.00 -9,801,823.00 -22,530,778.00 -21,560,274.00 -12,390,326.00
   Selling, General and Administrative Expenses 274,344.00 260,271.00 233,825.00 202,313.00 188,299.00
   Other Operating Expenses -12,275,306.00 -10,062,094.00 -22,764,603.00 -21,762,587.00 -12,578,625.00
Operating Income 1,041,323.00 939,933.00 1,824,371.00 1,909,326.00 940,437.00
Net Non-Operating Income 53,477.00 75,095.00 11,520.00 15,290.00 16,127.00
Interest Income 0 75,251.00 48,831.00 0 0
Interest Expense 0.00 4,800.00 23,277.00 0.00 0.00
Net Interest 46,706.00 70,451.00 25,554.00 8,807.00 10,415.00
EBT 1,094,800.00 1,015,028.00 1,835,891.00 1,924,616.00 956,564.00
Income Tax 283,167.00 263,249.00 475,286.00 505,771.00 258,350.00
Net Income Including Non-Controlling Interests 808,513.00 753,987.00 1,354,193.00 1,412,139.00 694,066.00
Net Income Non-Controlling Interests 1,560.00 -1,104.00 3,206.00 3,353.00 2,074.00
Net Income 810,073.00 752,883.00 1,357,399.00 1,415,492.00 696,140.00
EBIT 1,094,800.00 1,019,828.00 1,859,168.00 1,924,616.00 956,564.00
Deprecation and Amortization 61,090.00 67,760.00 57,338.00 51,312.00 56,959.00
EBITDA 1,155,890.00 1,087,588.00 1,916,506.00 1,975,928.00 1,013,523.00
EPS 0.01 0.01 0.01 0.01 0.00
Diluted EPS 0.01 0.01 0.01 0.01 0.00
Average Shares Outstanding Basic 140,992.00 149,141.00 163,010.00 169,145.00 168,333.00
Average Shares Outstanding Diluted 141,722.00 150,186.00 164,427.00 171,250.00 170,896.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 723,361.00 1,053,191.00 2,129,675.00 868,494.00 655,012.00
   Operating Net Income 811,633.00 2,256,441.00 4,078,609.00 4,253,182.00 2,092,568.00
   Deprecation and Amortization 61,090.00 67,760.00 57,338.00 51,312.00 56,959.00
   Deferred Income Tax -5,138.00 -22,916.00 -33,240.00 -3,690.00 8,371.00
   Share Based Compensation 64,364.00 58,399.00 64,397.00 69,385.00 62,498.00
   Change in Working Capital 1,139,178.00 -1,021,203.00 -3,971,489.00 4,485,706.00 1,493,966.00
   Other Operating Activities -1,347,766.00 -285,290.00 1,934,060.00 -7,987,401.00 -3,059,350.00
Investing Cash Flow -40,523.00 -39,433.00 -87,714.00 -36,645.00 -46,027.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 40,466.00 39,314.00 86,824.00 36,247.00 47,543.00
   Net Purchase/Sale of Investments Net 57.00 119.00 890.00 398.00 -1,516.00
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities -81,046.00 -78,866.00 -175,428.00 -73,290.00 -92,054.00
Financing Cash Flow -1,025,297.00 -1,536,565.00 -1,684,540.00 -613,546.00 -331,537.00
   Net Issuance/Repayment of Debt 50,058.00 70,342.00 112,045.00 7,512.00 0
   Net Issuance/Repurchase of Equity 924,318.00 1,477,775.00 1,662,888.00 620,699.00 518,732.00
   Dividends Paid 204,087.00 203,118.00 215,744.00 197,397.00 174,929.00
   Other Financing Activities -2,203,760.00 -3,287,800.00 -3,675,217.00 -1,439,154.00 -1,025,198.00
Net Change in Cash -364,563.00 -521,248.00 305,439.00 200,901.00 297,300.00
   Cash at Beginning of Period 1,512,883.00 2,034,131.00 1,728,692.00 1,527,791.00 1,230,491.00
   Cash at End of Period 1,148,320.00 1,512,883.00 2,034,131.00 1,728,692.00 1,527,791.00
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 4,779,582.00 4,786,481.00 4,756,650.00 4,754,458.00 5,170,917.00 4,788,341.00 4,488,268.00 4,523,809.00 4,578,121.00 4,564,040.00 5,332,577.00 5,590,434.00 6,607,526.00 7,361,142.00 7,955,993.00 7,609,929.00 7,076,383.00 5,953,171.00 5,454,997.00 4,927,503.00
   Current Assets 3,674,547.00 3,651,576.00 3,640,604.00 3,659,775.00 4,083,045.00 3,696,754.00 3,373,694.00 3,435,196.00 3,511,916.00 3,482,546.00 4,257,011.00 4,518,017.00 5,587,556.00 6,330,149.00 6,962,729.00 6,635,045.00 6,111,539.00 4,985,262.00 4,494,195.00 3,963,544.00
      Cash and Short-Term Investments 1,190,167.00 1,156,162.00 1,318,520.00 1,148,320.00 1,293,173.00 1,271,853.00 1,370,456.00 1,512,883.00 1,639,428.00 1,698,587.00 2,350,794.00 2,034,131.00 2,154,534.00 1,976,971.00 2,139,626.00 4,211,822.00 1,820,106.00 1,674,121.00 1,793,393.00 1,527,791.00
            Cash and Cash Equivalents 1,190,167.00 1,156,162.00 1,318,520.00 1,148,320.00 1,293,173.00 1,271,853.00 1,370,456.00 1,512,883.00 1,639,428.00 1,698,587.00 2,350,794.00 2,034,131.00 2,154,534.00 1,976,971.00 2,139,626.00 4,211,822.00 1,820,106.00 1,674,121.00 1,793,393.00 1,527,791.00
            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 2,045,284.00 2,005,094.00 1,904,171.00 1,997,840.00 2,176,959.00 1,843,894.00 1,572,356.00 1,532,599.00 1,458,983.00 1,423,622.00 1,604,467.00 2,107,645.00 2,748,322.00 3,469,833.00 3,934,856.00 3,810,286.00 3,330,398.00 2,647,516.00 2,227,039.00 1,998,055.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 439,096.00 490,320.00 417,913.00 513,615.00 612,913.00 581,007.00 430,882.00 389,714.00 413,505.00 360,337.00 301,750.00 376,241.00 684,700.00 883,345.00 888,247.00 -1,387,063.00 961,035.00 663,625.00 473,763.00 437,698.00
   Non-Current Assets 1,105,035.00 1,134,905.00 1,116,046.00 1,094,683.00 1,087,872.00 1,091,587.00 1,114,574.00 1,088,613.00 1,066,205.00 1,081,494.00 1,075,566.00 1,072,417.00 1,019,970.00 1,030,993.00 993,264.00 974,884.00 964,844.00 967,909.00 960,802.00 963,959.00
      Property, Plant, Equipment Net 1,004,492.00 1,035,081.00 1,022,486.00 1,001,056.00 994,404.00 998,608.00 1,021,737.00 995,505.00 987,905.00 1,009,497.00 1,009,501.00 1,009,419.00 967,921.00 986,958.00 962,762.00 947,028.00 939,805.00 942,990.00 936,043.00 939,148.00
      Goodwill 7,927.00 7,927.00 7,927.00 7,927.00 7,927.00 7,927.00 7,927.00 7,927.00 7,927.00 7,927.00 7,927.00 7,927.00 7,927.00 7,927.00 7,927.00 7,927.00 7,927.00 7,927.00 7,927.00 7,927.00
      Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 77,499.00 75,943.00 70,126.00 70,671.00 69,789.00 69,646.00 64,408.00 63,690.00 50,796.00 43,550.00 38,093.00 37,449.00 27,295.00 19,413.00 5,573.00 729.00 0 0 0 0
      Other Non-Current Assets 15,117.00 15,954.00 15,507.00 15,029.00 15,752.00 15,406.00 20,502.00 21,491.00 19,577.00 20,520.00 20,045.00 17,622.00 16,827.00 16,695.00 17,002.00 19,200.00 17,112.00 16,992.00 16,832.00 16,884.00
Liabilities -4,348,734.00 -4,000,722.00 -4,391,650.00 -4,145,906.00 -4,263,300.00 -3,923,361.00 -4,300,189.00 -5,040,780.00 -5,386,081.00 -5,666,204.00 -7,265,696.00 -6,860,192.00 -7,348,833.00 -6,769,895.00 -7,435,392.00 -6,378,470.00 -6,602,751.00 -6,377,236.00 -6,055,747.00 -5,721,815.00
   Current Liabilities 2,047,758.00 2,116,274.00 1,990,244.00 2,066,473.00 2,375,746.00 2,160,918.00 1,826,341.00 1,704,412.00 1,667,045.00 1,579,107.00 1,760,056.00 2,054,055.00 2,706,250.00 3,411,066.00 3,721,972.00 3,726,297.00 3,275,482.00 2,485,226.00 2,195,022.00 1,893,043.00
      Payables and Expenses 1,602,043.00 1,617,234.00 1,521,281.00 1,517,810.00 1,736,625.00 1,582,369.00 1,381,116.00 1,323,754.00 1,283,372.00 1,260,584.00 1,416,920.00 1,635,333.00 2,023,471.00 2,455,487.00 2,684,526.00 2,502,252.00 2,216,460.00 1,785,876.00 1,671,115.00 1,439,317.00
            Account Payables 1,146,062.00 1,118,283.00 1,047,374.00 1,036,749.00 1,240,174.00 1,073,476.00 927,129.00 860,856.00 846,461.00 815,514.00 950,907.00 1,108,996.00 1,544,757.00 1,914,979.00 1,980,439.00 2,012,461.00 1,806,977.00 1,408,572.00 1,295,178.00 1,136,859.00
            Current Accrued Liabilities 455,981.00 498,951.00 473,907.00 481,061.00 496,451.00 508,893.00 453,987.00 462,898.00 436,911.00 445,070.00 466,013.00 526,337.00 478,714.00 540,508.00 704,087.00 489,791.00 409,483.00 377,304.00 375,937.00 302,458.00
      Short-Term Debt 111,174.00 113,626.00 109,455.00 106,736.00 106,832.00 104,042.00 100,673.00 99,749.00 99,876.00 99,962.00 98,469.00 95,621.00 88,535.00 88,112.00 85,076.00 82,019.00 81,362.00 80,210.00 76,128.00 74,004.00
      Other Current Liabilities 334,541.00 385,414.00 359,508.00 441,927.00 532,289.00 474,507.00 344,552.00 280,909.00 283,797.00 218,561.00 244,667.00 323,101.00 594,244.00 867,467.00 952,370.00 1,142,026.00 977,660.00 619,140.00 447,779.00 379,722.00
   Non-Current Liabilities -6,396,492.00 -6,116,996.00 -6,381,894.00 -6,212,379.00 -6,639,046.00 -6,084,279.00 -6,126,530.00 -6,745,192.00 -7,053,126.00 -7,245,311.00 -9,025,752.00 -8,914,247.00 -10,055,083.00 -10,180,961.00 -11,157,364.00 -10,104,767.00 -9,878,233.00 -8,862,462.00 -8,250,769.00 -7,614,858.00
      Long-Term Debt 449,186.00 472,924.00 478,903.00 462,201.00 436,001.00 448,996.00 464,262.00 427,984.00 419,602.00 426,829.00 422,153.00 422,844.00 409,883.00 414,813.00 384,690.00 385,641.00 374,658.00 370,333.00 369,286.00 364,185.00
      Other Non-Current Liabilities -6,845,678.00 -6,589,920.00 -6,860,797.00 -6,674,580.00 -7,075,047.00 -6,533,275.00 -6,590,792.00 -7,173,176.00 -7,472,728.00 -7,672,140.00 -9,447,905.00 -9,337,091.00 -10,464,966.00 -10,595,774.00 -11,542,054.00 -10,490,408.00 -10,252,891.00 -9,232,795.00 -8,620,055.00 -7,979,043.00
Equity 9,128,316.00 8,787,203.00 9,148,300.00 8,900,364.00 9,434,217.00 8,711,702.00 8,788,457.00 9,564,589.00 9,964,202.00 10,230,244.00 12,598,273.00 12,450,626.00 13,956,359.00 14,131,037.00 15,391,385.00 13,988,399.00 13,679,134.00 12,330,407.00 11,510,744.00 10,649,318.00
   Shareholders Equity 2,280,402.00 2,195,354.00 2,285,791.00 2,223,012.00 2,356,707.00 2,176,421.00 2,195,462.00 2,390,350.00 2,489,780.00 2,555,932.00 3,147,169.00 3,110,021.00 3,482,180.00 3,525,248.00 3,843,392.00 3,494,426.00 3,417,358.00 3,079,454.00 2,874,794.00 2,659,637.00
      Capital Stock 1,340.00 1,351.00 1,368.00 1,380.00 1,400.00 1,406.00 1,411.00 1,439.00 1,454.00 1,472.00 1,527.00 1,543.00 1,591.00 1,629.00 1,675.00 1,672.00 1,694.00 1,692.00 1,688.00 1,693.00
      Share Premium 0 0 0 0 4,307.00 7,732.00 0 0 0 0 0 139.00 118.00 137.00 13,343.00 3,160.00 74,925.00 79,357.00 101,269.00 157,496.00
      Retained Earnings 2,468,131.00 2,380,278.00 2,504,222.00 2,455,132.00 2,540,978.00 2,385,740.00 2,401,525.00 2,580,968.00 2,701,386.00 2,752,461.00 3,336,140.00 3,310,892.00 3,738,600.00 3,717,316.00 3,965,803.00 3,620,008.00 3,463,539.00 3,104,471.00 2,887,323.00 2,600,201.00
      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 -189,069.00 -186,275.00 -219,799.00 -233,500.00 -189,978.00 -218,457.00 -207,474.00 -192,057.00 -213,060.00 -198,001.00 -190,498.00 -202,553.00 -258,129.00 -193,834.00 -137,429.00 -130,414.00 -122,800.00 -106,066.00 -115,486.00 -99,753.00
   Minority Interest 2,236.00 1,929.00 1,712.00 2,772.00 2,463.00 2,006.00 2,203.00 1,063.00 1,694.00 2,172.00 3,199.00 3,514.00 9,213.00 10,015.00 5,939.00 3,565.00 3,234.00 4,197.00 3,856.00 3,590.00
Debt 560,360.00 586,550.00 588,358.00 568,937.00 542,833.00 553,038.00 564,935.00 527,733.00 519,478.00 526,791.00 520,622.00 518,465.00 498,418.00 502,925.00 469,766.00 467,660.00 456,020.00 450,543.00 445,414.00 438,189.00
Common Shares Outstanding 134,019.00 135,134.00 136,733.00 138,003.00 139,971.00 140,633.00 141,119.00 143,866.00 145,386.00 147,222.00 152,712.00 154,313.00 159,128.00 162,931.00 167,477.00 167,210.00 169,392.00 169,169.00 168,808.00 169,294.00
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 8,213,055.00 5,318,304.00 2,666,419.00 -3,897,652.00 7,645,810.00 4,645,679.00 2,206,678.00 -5,147,162.00 7,022,342.00 4,832,341.00 2,592,589.00 -10,490,380.00 13,629,756.00 9,267,610.00 4,664,298.00 -4,769,110.00 11,127,174.00 6,807,913.00 3,357,540.00
Cost Of Revenue 16,409,067.00 10,590,096.00 5,330,025.00 -7,457,706.00 15,499,956.00 9,218,064.00 4,299,840.00 -10,031,347.00 13,621,188.00 9,414,853.00 5,157,306.00 -24,252,815.00 30,508,996.00 20,933,177.00 10,588,333.00 -9,675,519.00 24,094,221.00 14,537,751.00 7,218,012.00
Gross Profit -8,196,012.00 -5,271,792.00 -2,663,606.00 3,560,054.00 -7,854,146.00 -4,572,385.00 -2,093,162.00 4,884,185.00 -6,598,846.00 -4,582,512.00 -2,564,717.00 13,762,435.00 -16,879,240.00 -11,665,567.00 -5,924,035.00 4,906,409.00 -12,967,047.00 -7,729,838.00 -3,860,472.00
Operating Expenses -8,997,648.00 -5,785,386.00 -2,929,464.00 3,912,421.00 -8,594,365.00 -5,011,080.00 -2,307,938.00 5,485,222.00 -7,339,381.00 -5,106,978.00 -2,840,686.00 14,862,231.00 -18,373,905.00 -12,633,309.00 -6,385,795.00 5,464,555.00 -14,252,844.00 -8,525,998.00 -4,245,987.00
   Selling, General and Administrative Expenses 226,551.00 148,586.00 72,917.00 -133,552.00 204,239.00 135,626.00 68,031.00 -125,351.00 193,071.00 128,535.00 64,016.00 -105,027.00 171,415.00 112,461.00 54,976.00 -90,780.00 147,855.00 96,888.00 48,350.00
   Other Operating Expenses -9,224,199.00 -5,933,972.00 -3,002,381.00 4,045,973.00 -8,798,604.00 -5,146,706.00 -2,375,969.00 5,610,573.00 -7,532,452.00 -5,235,513.00 -2,904,702.00 14,967,258.00 -18,545,320.00 -12,745,770.00 -6,440,771.00 5,555,335.00 -14,400,699.00 -8,622,886.00 -4,294,337.00
Operating Income 801,636.00 513,594.00 265,858.00 -352,367.00 740,219.00 438,695.00 214,776.00 -601,037.00 740,535.00 524,466.00 275,969.00 -1,099,796.00 1,494,665.00 967,742.00 461,760.00 -558,146.00 1,285,797.00 796,160.00 385,515.00
Net Non-Operating Income 30,387.00 20,256.00 10,023.00 -36,635.00 41,298.00 30,408.00 18,406.00 -49,926.00 58,117.00 42,295.00 24,609.00 -30,322.00 20,178.00 12,245.00 9,419.00 -12,417.00 12,978.00 9,783.00 4,946.00
Interest Income 0 0 0 0 0 0 0 -44,140.00 58,364.00 39,607.00 21,420.00 48,831.00 0 0 0 0 0 0 0
Interest Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -5,526.00 4,641.00 3,040.00 2,645.00 23,277.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Interest 26,858.00 18,367.00 9,184.00 -31,653.00 36,699.00 26,782.00 14,878.00 -38,614.00 53,723.00 36,567.00 18,775.00 6,603.00 12,447.00 4,612.00 1,892.00 -3,869.00 6,596.00 4,134.00 1,946.00
EBT 832,023.00 533,850.00 275,881.00 -389,002.00 781,517.00 469,103.00 233,182.00 -650,963.00 798,652.00 566,761.00 300,578.00 -1,130,118.00 1,514,843.00 979,987.00 471,179.00 -570,563.00 1,298,775.00 805,943.00 390,461.00
Income Tax 220,927.00 145,832.00 71,782.00 -109,207.00 206,040.00 123,552.00 62,782.00 -162,319.00 206,018.00 144,970.00 74,580.00 -263,669.00 368,975.00 248,281.00 121,699.00 -131,700.00 333,941.00 201,019.00 102,511.00
Net Income Including Non-Controlling Interests 608,154.00 386,720.00 203,491.00 -275,995.00 572,913.00 343,691.00 167,904.00 -491,562.00 595,694.00 423,831.00 226,024.00 -835,045.00 1,130,378.00 716,122.00 342,738.00 -437,097.00 960,486.00 602,260.00 286,490.00
Net Income Non-Controlling Interests 1,471.00 649.00 304.00 -1,900.00 1,282.00 930.00 1,248.00 1,459.00 -1,530.00 -1,020.00 -13.00 -15,702.00 7,745.00 7,792.00 3,371.00 -883.00 2,174.00 1,332.00 730.00
Net Income 609,625.00 387,369.00 203,795.00 -277,895.00 574,195.00 344,621.00 169,152.00 -490,103.00 594,164.00 422,811.00 226,011.00 -850,747.00 1,138,123.00 723,914.00 346,109.00 -437,980.00 962,660.00 603,592.00 287,220.00
EBIT 832,023.00 533,850.00 275,881.00 -389,002.00 781,517.00 469,103.00 233,182.00 -656,489.00 803,293.00 569,801.00 303,223.00 -1,106,841.00 1,514,843.00 979,987.00 471,179.00 -570,563.00 1,298,775.00 805,943.00 390,461.00
Deprecation and Amortization 42,699.00 28,451.00 14,604.00 -30,125.00 45,914.00 30,140.00 15,161.00 -24,642.00 46,374.00 30,767.00 15,261.00 -25,282.00 42,416.00 27,229.00 12,975.00 -25,752.00 38,415.00 25,662.00 12,987.00
EBITDA 874,722.00 562,301.00 290,485.00 -419,127.00 827,431.00 499,243.00 248,343.00 -681,131.00 849,667.00 600,568.00 318,484.00 -1,132,123.00 1,557,259.00 1,007,216.00 484,154.00 -596,315.00 1,337,190.00 831,605.00 403,448.00
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 0.01 0.00 0.00 -0.00 0.01 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 0.01 0.00 0.00 0.00 0.01 0.00 0.00
Average Shares Outstanding Basic 136,346.00 137,045.00 137,833.00 137,130.00 141,540.00 142,104.00 143,194.00 139,566.00 150,543.00 152,291.00 154,164.00 153,174.00 164,944.00 166,423.00 167,499.00 168,828.00 169,398.00 169,140.00 169,214.00
Average Shares Outstanding Diluted 136,790.00 137,537.00 138,435.00 137,547.00 142,288.00 142,928.00 144,125.00 140,137.00 151,619.00 153,516.00 155,472.00 154,114.00 166,398.00 167,980.00 169,216.00 170,240.00 171,549.00 171,660.00 171,551.00
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 723,202.00 521,834.00 342,622.00 -390,861.00 473,645.00 383,673.00 256,904.00 -1,092,917.00 894,838.00 704,858.00 546,412.00 -899,839.00 1,642,976.00 972,592.00 413,946.00 -436,962.00 563,497.00 386,215.00 355,744.00
   Operating Net Income 611,096.00 388,018.00 204,099.00 -619,347.00 575,477.00 345,551.00 509,952.00 -1,467,391.00 1,779,432.00 1,266,393.00 678,007.00 -2,583,645.00 3,429,859.00 2,187,326.00 1,045,069.00 -1,315,706.00 2,892,328.00 1,813,440.00 863,120.00
   Deprecation and Amortization 42,699.00 28,451.00 14,604.00 -30,125.00 45,914.00 30,140.00 15,161.00 -24,642.00 46,374.00 30,767.00 15,261.00 -25,282.00 42,416.00 27,229.00 12,975.00 -25,752.00 38,415.00 25,662.00 12,987.00
   Deferred Income Tax -9,012.00 -7,447.00 76.00 2,871.00 -5,680.00 -4,623.00 2,294.00 -15,486.00 -7,942.00 -1,524.00 2,036.00 -3,218.00 -14,928.00 -11,858.00 -3,236.00 -24,185.00 2,343.00 10,001.00 8,151.00
   Share Based Compensation 56,862.00 38,816.00 11,549.00 -33,920.00 47,836.00 38,076.00 12,372.00 -32,134.00 46,962.00 31,083.00 12,488.00 -35,623.00 51,296.00 37,121.00 11,603.00 -41,192.00 57,298.00 42,094.00 11,185.00
   Change in Working Capital -193,633.00 -151,797.00 -263,976.00 -1,711,209.00 1,537,156.00 1,016,359.00 296,872.00 2,264,298.00 -1,094,662.00 -1,327,883.00 -862,956.00 -940,233.00 -2,230,855.00 -743,502.00 -56,899.00 -1,051,615.00 3,380,610.00 1,471,670.00 685,041.00
   Other Operating Activities 215,190.00 225,793.00 376,270.00 2,000,869.00 -1,727,058.00 -1,041,830.00 -579,747.00 -1,817,562.00 124,674.00 706,022.00 701,576.00 2,688,162.00 365,188.00 -523,724.00 -595,566.00 2,021,488.00 -5,807,497.00 -2,976,652.00 -1,224,740.00
Investing Cash Flow -39,021.00 -28,847.00 -12,996.00 17,999.00 -30,477.00 -17,961.00 -10,084.00 19,753.00 -28,809.00 -20,826.00 -9,551.00 48,387.00 -69,143.00 -52,625.00 -14,333.00 11,459.00 -24,853.00 -14,826.00 -8,425.00
   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 40,125.00 29,027.00 13,152.00 -18,254.00 30,415.00 18,124.00 10,181.00 -20,019.00 28,600.00 20,607.00 10,126.00 -48,656.00 68,498.00 52,570.00 14,412.00 -11,874.00 24,800.00 14,930.00 8,391.00
   Net Purchase/Sale of Investments Net -1,104.00 -180.00 -156.00 255.00 62.00 -163.00 -97.00 266.00 209.00 219.00 -575.00 269.00 645.00 55.00 -79.00 415.00 53.00 -104.00 34.00
   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 -78,042.00 -57,694.00 -25,992.00 35,998.00 -60,954.00 -35,922.00 -20,168.00 39,506.00 -57,618.00 -41,652.00 -19,102.00 96,774.00 -138,286.00 -105,250.00 -28,666.00 22,918.00 -49,706.00 -29,652.00 -16,850.00
Financing Cash Flow -655,455.00 -505,846.00 -165,971.00 590,585.00 -658,645.00 -582,315.00 -374,922.00 955,524.00 -1,247,436.00 -1,018,087.00 -226,566.00 -36,019.00 -1,047,548.00 -618,732.00 17,759.00 -93,222.00 -233,253.00 -219,556.00 -67,515.00
   Net Issuance/Repayment of Debt 8,406.00 961.00 665.00 -26,569.00 35,062.00 24,235.00 17,330.00 -78,838.00 60,589.00 50,694.00 37,897.00 -41,652.00 86,146.00 48,061.00 19,490.00 -56.00 7,568.00 0 0
   Net Issuance/Repurchase of Equity 700,126.00 426,645.00 190,397.00 -592,126.00 670,589.00 477,302.00 368,553.00 -944,269.00 1,279,599.00 919,655.00 222,790.00 5,215.00 1,091,424.00 560,498.00 5,751.00 -489.00 324,497.00 190,937.00 105,754.00
   Dividends Paid 105,976.00 105,485.00 1,346.00 -1,189.00 102,638.00 102,638.00 0 -1,408.00 102,263.00 102,263.00 0 -4,455.00 110,371.00 109,828.00 0 -1,008.00 100,018.00 98,387.00 0
   Other Financing Activities -1,469,963.00 -1,038,937.00 -358,379.00 1,210,469.00 -1,466,934.00 -1,186,490.00 -760,805.00 1,980,039.00 -2,689,887.00 -2,090,699.00 -487,253.00 4,873.00 -2,335,489.00 -1,337,119.00 -7,482.00 -91,669.00 -665,336.00 -508,880.00 -173,269.00
Net Change in Cash 41,847.00 7,842.00 170,200.00 238,604.00 -219,710.00 -241,030.00 -142,427.00 -107,664.00 -394,703.00 -335,544.00 316,663.00 -779,616.00 425,842.00 248,279.00 410,934.00 -503,346.00 292,315.00 146,330.00 265,602.00
   Cash at Beginning of Period 1,148,320.00 1,148,320.00 1,148,320.00 909,716.00 1,512,883.00 1,512,883.00 1,512,883.00 1,620,547.00 2,034,131.00 2,034,131.00 2,034,131.00 2,813,747.00 1,728,692.00 1,728,692.00 1,728,692.00 2,232,038.00 1,527,791.00 1,527,791.00 1,527,791.00
   Cash at End of Period 1,190,167.00 1,156,162.00 1,318,520.00 1,148,320.00 1,293,173.00 1,271,853.00 1,370,456.00 1,512,883.00 1,639,428.00 1,698,587.00 2,350,794.00 2,034,131.00 2,154,534.00 1,976,971.00 2,139,626.00 1,728,692.00 1,820,106.00 1,674,121.00 1,793,393.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0