FCN

Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 24.01 24.59 22.72 21.85 18.87
Price to Sales 1.82 1.94 1.77 1.85 1.65
Book Value Per Common Share 62.88 55.78 49.42 46.12 40.59
Price to Book 3.04 3.57 3.21 3.33 2.75
Price to Operating Cash Flow 17.03 30.10 28.34 14.45 12.44
Price to Free Cash Flow
Enterprise Value to EBITDA 169141.27 168455.77 157213.49 149424.77 122394.68
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 24.87 41.30 93.23 34.74 46.15 91.83 31.03 57.64 138.01 29.75 54.97 89.33 22.91 35.95 72.60
Price to Sales 1.92 2.99 6.40 2.87 4.04 7.92 2.37 3.80 8.15 2.49 4.13 7.30 2.15 3.27 6.84
Book Value Per Common Share 55.82 58.05 61.59 62.88 62.65 59.87 57.55 55.78 52.51 52.75 50.61 49.42 47.78 47.21 47.05 46.12 45.02 43.42 41.38 40.59
Price to Book 2.90 2.78 2.66 3.04 3.63 3.60 3.65 3.57 3.40 3.61 3.90 3.21 3.47 3.83 3.34 3.33 2.99 3.15 3.39 2.75
Price to Operating Cash Flow -25.90 -13.47 -12.36 100.73 -54.38 -26.76 -38.41 -23.92 -25.85 -138.55 -36.22 -25.94 28.94 -111.45 -28.16
Price to Free Cash Flow
Enterprise Value to EBITDA 151462.27 261290.56 617662.74 246014.19 335726.68 666409.58 210739.23 366279.99 870459.22 212296.55 380300.53 617002.01 158255.81 247435.46 490857.10

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY -1.73 15.88 -0.43 18.58
Revenue YoY 6.00 15.20 9.10 12.80
EBITDA YoY -3.36 22.18 -2.50 11.94
Net Profit YoY 1.89 16.72 0.23 11.53
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 66.24 122.16 40.26 103.93 74.24 130.77 69.30 86.93 54.74 96.89
Revenue YoY 51.91 105.05 49.32 102.22 53.45 107.18 52.47 104.34 50.24 103.67
EBITDA YoY 65.39 118.19 44.27 104.59 70.10 129.27 63.58 87.00 54.17 93.83
Net Profit YoY 62.03 115.97 40.55 104.98 75.78 131.23 69.77 86.69 54.59 97.34

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 18.76 9.69 14.59 14.77 8.10
Quick Ratio 1.85 1.64 1.84 1.78 1.55
Current Ratio 1.95 1.74 1.96 1.91 1.69
Debt to Equity 0.59 0.17 0.21 0.22 0.21
Long-Term Debt to Equity 0.18 0.06 0.11 0.11 0.11
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 4.39 4.48 4.31 18.39 10.94 6.43 6.97 9.25 5.89 6.10 7.16 14.45 9.67 7.57 8.07 14.40 10.23 7.67 6.97 8.55
Quick Ratio 1.70 1.92 2.08 1.85 1.96 2.05 2.30 1.64 2.03 2.13 2.33 1.84 2.01 2.09 2.21 1.78 1.84 2.02 2.15 1.55
Current Ratio 1.85 2.11 2.24 1.95 2.08 2.20 2.46 1.74 2.21 2.30 2.51 1.96 2.15 2.26 2.40 1.91 1.96 2.16 2.32 1.69
Debt to Equity 0.99 0.84 0.56 0.59 0.56 0.56 0.62 0.17 0.78 0.81 0.80 0.21 0.87 0.84 0.82 0.22 0.95 0.97 0.96 0.21
Long-Term Debt to Equity 0.53 0.46 0.26 0.18 0.20 0.23 0.31 0.06 0.40 0.45 0.49 0.11 0.48 0.49 0.50 0.11 0.53 0.60 0.61 0.11

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 7.79 2.98 2.63 2.75 2.68
ROE 12.40 3.48 3.19 3.34 3.25
Gross Margin 31.96 32.53 31.79 31.00 32.04
Operating Margin 9.67 10.68 10.16 11.46 11.47
EBITDA Margin 10.97 12.04 11.35 12.70 12.79
Net Profit Margin 7.57 7.88 7.78 8.46 8.56
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 6.20 3.82 1.85 6.55 4.88 2.41 5.82 3.39 1.53 6.10 3.69 2.01 6.54 4.33 2.32
ROE 12.36 7.03 2.88 10.23 7.63 3.89 10.37 6.12 2.76 11.43 6.79 3.66 12.74 8.55 4.55
Gross Margin 32.52 32.13 32.21 32.52 32.70 32.58 32.14 31.69 31.39 31.70 31.48 31.86 31.84 31.38 31.74
Operating Margin 10.65 9.70 9.08 10.60 11.04 10.90 10.36 9.19 8.11 10.72 9.88 10.91 12.68 12.35 13.05
EBITDA Margin 11.96 10.98 10.32 11.86 12.27 12.13 11.72 10.57 9.56 11.92 11.11 12.14 13.90 13.55 14.24
Net Profit Margin 7.73 7.25 6.88 8.22 8.73 8.61 7.54 6.58 5.89 8.34 7.49 8.20 9.37 9.11 9.40

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 3,596,830.00 9,236,385.00 8,943,153.00 8,550,897.00 7,860,727.00
   Current Assets 1,819,514.00 1,555,453.00 1,510,602.00 1,370,027.00 1,129,707.00
      Cash and Short-Term Investments 660,493.00 328,683.00 491,688.00 494,485.00 294,953.00
            Cash and Cash Equivalents 660,493.00 303,222.00 491,688.00 494,485.00 294,953.00
            Short-Term Investments 0 25,461.00 0 0 0
      Net Receivables 1,065,068.00 1,133,139.00 923,445.00 784,376.00 746,610.00
      Inventory 0 0 0 0 0
      Other Current Assets 93,953.00 93,631.00 95,469.00 91,166.00 88,144.00
   Non-Current Assets 1,777,316.00 7,680,932.00 7,432,551.00 7,180,870.00 6,731,020.00
      Property, Plant, Equipment Net 348,613.00 368,572.00 357,230.00 358,158.00 258,287.00
      Goodwill 1,226,556.00 1,234,569.00 1,227,593.00 1,232,791.00 1,234,879.00
      Intangible Assets 16,770.00 18,285.00 25,514.00 31,990.00 41,550.00
      Long-Term Investments 109,119.00 75,431.00 55,978.00 53,539.00 61,121.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 76,258.00 5,984,075.00 5,766,236.00 5,504,392.00 5,135,183.00
Liabilities 1,338,540.00 1,344,458.00 1,559,686.00 1,517,588.00 1,377,182.00
   Current Liabilities 931,759.00 892,769.00 769,491.00 718,116.00 670,171.00
      Payables and Expenses 224,394.00 223,758.00 173,953.00 165,025.00 170,066.00
            Account Payables 26,025.00 21,719.00 20,265.00 16,187.00 13,124.00
            Current Accrued Liabilities 639,745.00 601,074.00 541,892.00 507,556.00 455,933.00
      Short-Term Debt 34,110.00 33,864.00 31,922.00 30,828.00 42,716.00
      Other Current Liabilities 673,255.00 635,147.00 563,616.00 522,263.00 457,389.00
   Non-Current Liabilities 406,781.00 451,689.00 790,195.00 799,472.00 707,011.00
      Long-Term Debt 208,036.00 223,774.00 536,776.00 533,184.00 447,808.00
      Other Non-Current Liabilities 198,745.00 227,915.00 253,419.00 266,288.00 259,203.00
Equity 2,258,290.00 7,891,927.00 7,383,467.00 7,033,309.00 6,483,545.00
   Shareholders Equity 2,258,290.00 1,981,420.00 1,681,721.00 1,583,321.00 1,400,181.00
      Capital Stock 359.00 355.00 340.00 343.00 345.00
      Share Premium 39,650.00 16,760.00 0 13,662.00 0
      Retained Earnings 2,394,853.00 2,114,765.00 1,858,103.00 1,655,056.00 1,388,407.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -176,572.00 -150,460.00 -176,722.00 -128,840.00 -106,435.00
   Minority Interest 0 0 0 0 0
Investments 109,119.00 75,431.00 55,978.00 53,539.00 61,121.00
Debt 208,036.00 223,774.00 536,776.00 533,184.00 447,808.00
Net Debt 0 0 45,088.00 38,699.00 152,855.00
Common Shares Outstanding 35,913.00 35,521.00 34,026.00 34,333.00 34,500.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 3,698,652.00 3,489,242.00 3,028,908.00 2,776,222.00 2,461,275.00
Cost Of Revenue 2,516,726.00 2,354,216.00 2,065,977.00 1,915,507.00 1,672,711.00
Gross Profit 1,181,926.00 1,135,026.00 962,931.00 860,715.00 788,564.00
Operating Expenses 834,564.00 757,465.00 659,053.00 548,667.00 505,901.00
   Selling, General and Administrative Expenses 822,151.00 751,306.00 641,070.00 537,844.00 488,411.00
   Other Operating Expenses 12,413.00 6,159.00 17,983.00 10,823.00 17,490.00
Operating Income 347,362.00 377,561.00 303,878.00 312,048.00 282,663.00
Net Non-Operating Income 3,409.00 -19,198.00 -6,129.00 -14,101.00 -20,217.00
Interest Income 15,419.00 19,541.00 14,666.00 23,787.00 23,540.00
Interest Expense 6,951.00 14,331.00 10,047.00 20,294.00 19,805.00
Net Interest 8,468.00 5,210.00 4,619.00 3,493.00 3,735.00
EBT 350,771.00 358,363.00 297,749.00 297,947.00 262,446.00
Income Tax 70,683.00 83,471.00 114,870.00 62,981.00 51,764.00
Net Income 280,088.00 274,892.00 235,514.00 234,966.00 210,682.00
EBIT 357,722.00 372,694.00 307,796.00 318,241.00 282,251.00
Deprecation and Amortization 48,093.00 47,238.00 35,898.00 34,269.00 32,661.00
EBITDA 405,815.00 419,932.00 343,694.00 352,510.00 314,912.00
EPS 0.01 0.01 0.01 0.01 0.01
Diluted EPS 0.01 0.01 0.01 0.01 0.01
Average Shares Outstanding Basic 35,208.00 33,924.00 33,693.00 33,489.00 36,415.00
Average Shares Outstanding Diluted 35,845.00 35,646.00 35,783.00 35,337.00 38,190.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 395,097.00 224,461.00 188,794.00 355,483.00 327,069.00
   Operating Net Income 280,088.00 824,676.00 706,542.00 704,898.00 632,046.00
   Deprecation and Amortization 48,093.00 47,238.00 35,898.00 34,269.00 32,661.00
   Deferred Income Tax -16,605.00 -1,899.00 -9,844.00 5,947.00 -10,047.00
   Share Based Compensation 38,436.00 29,534.00 25,414.00 23,051.00 22,904.00
   Change in Working Capital 111,299.00 332,817.00 224,650.00 117,781.00 44,110.00
   Other Operating Activities -66,214.00 -1,007,905.00 -793,866.00 -530,463.00 -394,605.00
Investing Cash Flow -10,162.00 -73,835.00 -60,061.00 -79,093.00 -60,120.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 35,408.00 49,479.00 53,319.00 68,665.00 34,866.00
   Net Purchase/Sale of Investments Net 0 0 0 0 -17.00
   Net Purchase/Sale of Business 0 0 6,742.00 10,428.00 45,871.00
   Other Investing Activities -45,570.00 -123,314.00 -120,122.00 -158,186.00 -140,840.00
Financing Cash Flow -15,383.00 -354,663.00 -106,012.00 -61,674.00 -360,053.00
   Net Issuance/Repayment of Debt 600,000.00 1,985,763.00 165,000.00 402,500.00 289,500.00
   Net Issuance/Repurchase of Equity 32,004.00 20,982.00 85,424.00 46,133.00 353,593.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities -647,387.00 -2,361,408.00 -356,436.00 -510,307.00 -1,003,146.00
Net Change in Cash 357,271.00 -188,466.00 -2,797.00 199,532.00 -74,420.00
   Cash at Beginning of Period 303,222.00 491,688.00 494,485.00 294,953.00 369,373.00
   Cash at End of Period 660,493.00 303,222.00 491,688.00 494,485.00 294,953.00
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 3,489,785.00 3,494,160.00 3,347,702.00 3,596,830.00 3,517,180.00 3,357,644.00 3,324,528.00 9,236,385.00 3,318,826.00 3,246,311.00 3,100,983.00 8,943,153.00 3,082,094.00 3,003,168.00 2,949,291.00 8,550,897.00 3,006,924.00 2,938,427.00 2,778,200.00 7,860,727.00
   Current Assets 1,498,576.00 1,503,016.00 1,428,907.00 1,819,514.00 1,715,973.00 1,569,211.00 1,544,698.00 1,555,453.00 1,567,226.00 1,480,283.00 1,352,405.00 1,510,602.00 1,393,425.00 1,291,719.00 1,221,391.00 1,370,027.00 1,268,494.00 1,213,462.00 1,151,149.00 1,129,707.00
      Cash and Short-Term Investments 145,967.00 152,831.00 151,121.00 660,493.00 386,344.00 226,428.00 243,960.00 328,683.00 201,148.00 203,539.00 238,539.00 491,688.00 327,047.00 255,730.00 271,143.00 494,485.00 342,527.00 256,875.00 233,421.00 294,953.00
            Cash and Cash Equivalents 145,967.00 152,831.00 151,121.00 660,493.00 386,344.00 226,428.00 243,960.00 303,222.00 201,148.00 203,539.00 238,539.00 491,688.00 327,047.00 255,730.00 271,143.00 494,485.00 342,527.00 256,875.00 233,421.00 294,953.00
            Short-Term Investments 0 0 0 0 0 0 0 25,461.00 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 1,229,320.00 1,213,524.00 1,172,368.00 1,065,068.00 1,229,311.00 1,235,666.00 1,202,676.00 1,133,139.00 1,239,111.00 1,168,690.00 1,016,133.00 923,445.00 975,191.00 935,321.00 853,233.00 784,376.00 842,701.00 878,214.00 834,056.00 746,610.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 123,289.00 136,661.00 105,418.00 93,953.00 100,318.00 107,117.00 98,062.00 93,631.00 126,967.00 108,054.00 97,733.00 95,469.00 91,187.00 100,668.00 97,015.00 91,166.00 83,266.00 78,373.00 83,672.00 88,144.00
   Non-Current Assets 1,991,209.00 1,991,144.00 1,918,795.00 1,777,316.00 1,801,207.00 1,788,433.00 1,779,830.00 7,680,932.00 1,751,600.00 1,766,028.00 1,748,578.00 7,432,551.00 1,688,669.00 1,711,449.00 1,727,900.00 7,180,870.00 1,738,430.00 1,724,965.00 1,627,051.00 6,731,020.00
      Property, Plant, Equipment Net 371,966.00 364,481.00 354,363.00 348,613.00 357,324.00 354,818.00 352,545.00 368,572.00 367,427.00 371,705.00 371,945.00 357,230.00 340,052.00 342,946.00 347,909.00 358,158.00 357,818.00 341,095.00 249,008.00 258,287.00
      Goodwill 1,241,422.00 1,242,900.00 1,231,658.00 1,226,556.00 1,240,280.00 1,230,932.00 1,230,645.00 1,234,569.00 1,226,356.00 1,231,769.00 1,230,067.00 1,227,593.00 1,212,541.00 1,227,837.00 1,243,972.00 1,232,791.00 1,234,023.00 1,240,057.00 1,233,292.00 1,234,879.00
      Intangible Assets 14,158.00 14,938.00 15,831.00 16,770.00 17,523.00 18,377.00 19,455.00 18,285.00 19,233.00 20,741.00 22,158.00 25,514.00 25,673.00 28,613.00 29,647.00 31,990.00 34,504.00 37,653.00 38,172.00 41,550.00
      Long-Term Investments 269,065.00 274,744.00 230,571.00 109,119.00 108,450.00 106,201.00 96,806.00 75,431.00 73,673.00 75,273.00 62,268.00 55,978.00 54,144.00 55,230.00 53,072.00 53,539.00 59,123.00 55,675.00 59,049.00 61,121.00
      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 94,598.00 94,081.00 86,372.00 76,258.00 77,630.00 78,105.00 80,379.00 5,984,075.00 64,911.00 66,540.00 62,140.00 5,766,236.00 56,259.00 56,823.00 53,300.00 5,504,392.00 52,962.00 50,485.00 47,530.00 5,135,183.00
Liabilities 1,740,130.00 1,594,279.00 1,198,064.00 1,338,540.00 1,264,981.00 1,208,264.00 1,270,172.00 1,344,458.00 1,454,331.00 1,451,159.00 1,380,095.00 1,559,686.00 1,437,511.00 1,372,549.00 1,327,273.00 1,517,588.00 1,462,621.00 1,449,217.00 1,361,850.00 1,377,182.00
   Current Liabilities 809,035.00 713,496.00 637,291.00 931,759.00 823,176.00 713,894.00 627,700.00 892,769.00 708,531.00 644,701.00 538,452.00 769,491.00 648,999.00 570,894.00 509,930.00 718,116.00 645,622.00 562,562.00 495,778.00 670,171.00
      Payables and Expenses 186,657.00 184,869.00 236,023.00 224,394.00 201,806.00 182,667.00 226,787.00 223,758.00 170,518.00 172,288.00 177,223.00 173,953.00 175,491.00 165,455.00 173,356.00 165,025.00 157,794.00 156,736.00 167,818.00 170,066.00
            Account Payables 0 0 0 26,025.00 0 0 0 21,719.00 0 0 0 20,265.00 0 0 0 16,187.00 0 0 0 13,124.00
            Current Accrued Liabilities 561,902.00 467,073.00 333,174.00 639,745.00 556,606.00 463,669.00 332,677.00 601,074.00 481,007.00 420,885.00 308,762.00 541,892.00 422,985.00 357,222.00 296,461.00 507,556.00 451,549.00 368,882.00 285,528.00 455,933.00
      Short-Term Debt 33,354.00 36,018.00 33,839.00 34,110.00 36,174.00 37,547.00 34,731.00 33,864.00 33,052.00 31,042.00 31,585.00 31,922.00 33,340.00 33,253.00 32,699.00 30,828.00 32,924.00 35,214.00 38,494.00 42,716.00
      Other Current Liabilities 589,024.00 492,609.00 367,429.00 673,255.00 585,196.00 493,680.00 366,182.00 635,147.00 504,961.00 441,371.00 329,644.00 563,616.00 440,168.00 372,186.00 303,875.00 522,263.00 454,904.00 370,612.00 289,466.00 457,389.00
   Non-Current Liabilities 931,095.00 880,783.00 560,773.00 406,781.00 441,805.00 494,370.00 642,472.00 451,689.00 745,800.00 806,458.00 841,643.00 790,195.00 788,512.00 801,655.00 817,343.00 799,472.00 816,999.00 886,655.00 866,072.00 707,011.00
      Long-Term Debt 735,988.00 686,746.00 361,193.00 208,036.00 216,992.00 274,517.00 418,576.00 223,774.00 502,755.00 563,951.00 587,649.00 536,776.00 528,205.00 548,738.00 570,722.00 533,184.00 551,745.00 621,714.00 612,216.00 447,808.00
      Other Non-Current Liabilities 195,107.00 194,037.00 199,580.00 198,745.00 224,813.00 219,853.00 223,896.00 227,915.00 243,045.00 242,507.00 253,994.00 253,419.00 260,307.00 252,917.00 246,621.00 266,288.00 265,254.00 264,941.00 253,856.00 259,203.00
Equity 1,749,655.00 1,899,881.00 2,149,638.00 2,258,290.00 2,252,199.00 2,149,380.00 2,054,356.00 7,891,927.00 1,864,495.00 1,795,152.00 1,720,888.00 7,383,467.00 1,644,583.00 1,630,619.00 1,622,018.00 7,033,309.00 1,544,303.00 1,489,210.00 1,416,350.00 6,483,545.00
   Shareholders Equity 1,749,655.00 1,899,881.00 2,149,638.00 2,258,290.00 2,252,199.00 2,149,380.00 2,054,356.00 1,981,420.00 1,864,495.00 1,795,152.00 1,720,888.00 1,681,721.00 1,644,583.00 1,630,619.00 1,622,018.00 1,583,321.00 1,544,303.00 1,489,210.00 1,416,350.00 1,400,181.00
      Capital Stock 313.00 327.00 349.00 359.00 360.00 359.00 357.00 355.00 355.00 340.00 340.00 340.00 344.00 345.00 345.00 343.00 343.00 343.00 342.00 345.00
      Share Premium 0 0 0 39,650.00 41,555.00 33,955.00 21,162.00 16,760.00 9,712.00 5,473.00 0 0 0 499.00 0 13,662.00 8,490.00 4,270.00 0 0
      Retained Earnings 1,882,483.00 2,027,779.00 2,311,287.00 2,394,853.00 2,345,143.00 2,278,677.00 2,194,730.00 2,114,765.00 2,033,132.00 1,949,815.00 1,887,420.00 1,858,103.00 1,868,424.00 1,805,485.00 1,756,704.00 1,655,056.00 1,616,847.00 1,633,567.00 1,570,785.00 1,388,407.00
      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 -133,141.00 -128,225.00 -161,998.00 -176,572.00 -134,859.00 -163,611.00 -161,893.00 -150,460.00 -178,704.00 -160,476.00 -166,872.00 -176,722.00 -224,185.00 -175,710.00 -135,031.00 -128,840.00 -124,477.00 -105,870.00 -111,677.00 -106,435.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 269,065.00 274,744.00 230,571.00 109,119.00 108,450.00 106,201.00 96,806.00 75,431.00 73,673.00 75,273.00 62,268.00 55,978.00 54,144.00 55,230.00 53,072.00 53,539.00 59,123.00 55,675.00 59,049.00 61,121.00
Debt 735,988.00 686,746.00 361,193.00 208,036.00 216,992.00 274,517.00 418,576.00 223,774.00 502,755.00 563,951.00 587,649.00 536,776.00 528,205.00 548,738.00 570,722.00 533,184.00 551,745.00 621,714.00 612,216.00 447,808.00
Net Debt 590,021.00 533,915.00 210,072.00 0 0 48,089.00 174,616.00 0 301,607.00 360,412.00 349,110.00 45,088.00 201,158.00 293,008.00 299,579.00 38,699.00 209,218.00 364,839.00 378,795.00 152,855.00
Common Shares Outstanding 31,346.00 32,727.00 34,900.00 35,913.00 35,949.00 35,902.00 35,700.00 35,521.00 35,510.00 34,034.00 34,000.00 34,026.00 34,422.00 34,540.00 34,471.00 34,333.00 34,300.00 34,300.00 34,228.00 34,500.00
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 2,798,111.00 1,841,944.00 898,282.00 -1,911,338.00 2,803,728.00 1,877,709.00 928,553.00 -1,553,319.00 2,564,558.00 1,671,297.00 806,706.00 -1,427,801.00 2,254,477.00 1,478,612.00 723,620.00 -1,407,809.00 2,099,991.00 1,397,763.00 686,277.00
Cost Of Revenue 1,888,302.00 1,250,069.00 608,928.00 -1,264,953.00 1,891,862.00 1,263,783.00 626,034.00 -1,081,303.00 1,740,407.00 1,141,603.00 553,509.00 -980,149.00 1,539,838.00 1,013,184.00 493,104.00 -943,444.00 1,431,381.00 959,146.00 468,424.00
Gross Profit 909,809.00 591,875.00 289,354.00 -646,385.00 911,866.00 613,926.00 302,519.00 -472,016.00 824,151.00 529,694.00 253,197.00 -447,652.00 714,639.00 465,428.00 230,516.00 -464,365.00 668,610.00 438,617.00 217,853.00
Operating Expenses 614,168.00 413,904.00 210,647.00 -395,772.00 617,249.00 410,201.00 202,886.00 -364,724.00 561,611.00 374,183.00 186,395.00 -297,519.00 483,417.00 321,916.00 151,239.00 -254,402.00 407,591.00 266,131.00 129,347.00
   Selling, General and Administrative Expenses 586,023.00 386,539.00 184,335.00 -401,924.00 614,100.00 408,105.00 201,870.00 -360,163.00 556,672.00 370,584.00 184,213.00 -300,909.00 476,097.00 316,911.00 148,971.00 -248,254.00 399,076.00 260,476.00 126,546.00
   Other Operating Expenses 28,145.00 27,365.00 26,312.00 6,152.00 3,149.00 2,096.00 1,016.00 -4,561.00 4,939.00 3,599.00 2,182.00 3,390.00 7,320.00 5,005.00 2,268.00 -6,148.00 8,515.00 5,655.00 2,801.00
Operating Income 295,641.00 177,971.00 78,707.00 -250,613.00 294,617.00 203,725.00 99,633.00 -107,292.00 262,540.00 155,511.00 66,802.00 -150,133.00 231,222.00 143,512.00 79,277.00 -209,963.00 261,019.00 172,486.00 88,506.00
Net Non-Operating Income -11,393.00 -5,451.00 1,874.00 8,749.00 -3,654.00 -1,548.00 -138.00 184.00 -7,214.00 -7,887.00 -4,281.00 -3,647.00 2,950.00 -2,443.00 -2,989.00 9,498.00 -9,867.00 -9,969.00 -3,763.00
Interest Income 0 0 0 15,419.00 0 0 0 19,541.00 0 0 0 14,666.00 0 0 0 23,787.00 0 0 0
Interest Expense 13,859.00 6,225.00 968.00 -6,041.00 6,235.00 5,038.00 1,719.00 -5,004.00 10,435.00 5,961.00 2,939.00 -5,153.00 7,468.00 5,090.00 2,642.00 -9,758.00 15,164.00 10,091.00 4,797.00
Net Interest 0 0 0 8,468.00 0 0 0 5,210.00 0 0 0 4,619.00 0 0 0 3,493.00 0 0 0
EBT 284,248.00 172,520.00 80,581.00 -241,864.00 290,963.00 202,177.00 99,495.00 -107,108.00 255,326.00 147,624.00 62,521.00 -153,780.00 234,172.00 141,069.00 76,288.00 -200,465.00 251,152.00 162,517.00 84,743.00
Income Tax 67,908.00 38,998.00 18,757.00 -47,697.00 60,585.00 38,265.00 19,530.00 -31,252.00 62,067.00 37,682.00 14,974.00 21,427.00 46,156.00 30,320.00 16,967.00 -46,899.00 54,394.00 35,239.00 20,247.00
Net Income 216,340.00 133,522.00 61,824.00 -194,167.00 230,378.00 163,912.00 79,965.00 -75,856.00 193,259.00 109,942.00 47,547.00 -122,572.00 188,016.00 110,749.00 59,321.00 -153,566.00 196,758.00 127,278.00 64,496.00
EBIT 298,107.00 178,745.00 81,549.00 -247,905.00 297,198.00 207,215.00 101,214.00 -112,112.00 265,761.00 153,585.00 65,460.00 -158,933.00 241,640.00 146,159.00 78,930.00 -210,223.00 266,316.00 172,608.00 89,540.00
Deprecation and Amortization 36,441.00 23,538.00 11,162.00 -21,941.00 35,325.00 23,269.00 11,440.00 -22,398.00 34,865.00 23,146.00 11,625.00 -18,149.00 27,045.00 18,095.00 8,907.00 -16,288.00 25,631.00 16,765.00 8,161.00
EBITDA 334,548.00 202,283.00 92,711.00 -269,846.00 332,523.00 230,484.00 112,654.00 -134,510.00 300,626.00 176,731.00 77,085.00 -177,082.00 268,685.00 164,254.00 87,837.00 -226,511.00 291,947.00 189,373.00 97,701.00
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 0.00 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 0.00 0.00
Average Shares Outstanding Basic 33,266.00 34,152.00 35,053.00 35,319.00 35,315.00 35,221.00 34,977.00 34,908.00 34,128.00 33,359.00 33,301.00 33,551.00 33,812.00 33,790.00 33,619.00 33,508.00 33,495.00 33,470.00 33,483.00
Average Shares Outstanding Diluted 33,625.00 34,541.00 35,500.00 35,856.00 35,892.00 35,845.00 35,787.00 35,796.00 35,656.00 35,650.00 35,482.00 35,659.00 35,918.00 35,909.00 35,646.00 35,549.00 35,362.00 35,374.00 35,063.00
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 -207,624.00 -409,517.00 -465,210.00 729,725.00 79,782.00 -139,592.00 -274,818.00 902,392.00 -158,525.00 -265,200.00 -254,206.00 601,742.00 -40,439.00 -168,731.00 -203,778.00 407,173.00 155,920.00 -41,026.00 -166,584.00
   Operating Net Income 216,340.00 133,522.00 61,824.00 -354,097.00 230,378.00 163,912.00 239,895.00 378,834.00 193,259.00 109,942.00 142,641.00 229,814.00 188,016.00 110,749.00 177,963.00 187,374.00 196,758.00 127,278.00 193,488.00
   Deprecation and Amortization 36,441.00 23,538.00 11,162.00 -21,941.00 35,325.00 23,269.00 11,440.00 -22,398.00 34,865.00 23,146.00 11,625.00 -18,149.00 27,045.00 18,095.00 8,907.00 -16,288.00 25,631.00 16,765.00 8,161.00
   Deferred Income Tax 0 0 0 -16,605.00 0 0 0 -1,899.00 0 0 0 -9,844.00 0 0 0 5,947.00 0 0 0
   Share Based Compensation 28,694.00 19,671.00 9,753.00 -16,452.00 27,975.00 18,101.00 8,812.00 -12,146.00 21,412.00 13,903.00 6,365.00 -11,094.00 18,491.00 12,050.00 5,967.00 -13,531.00 17,150.00 12,190.00 7,242.00
   Change in Working Capital 190,805.00 39,027.00 -91,702.00 199,108.00 73,714.00 -11,237.00 -150,286.00 40,263.00 284,929.00 131,350.00 -123,725.00 121,079.00 211,621.00 35,343.00 -143,393.00 62,242.00 108,090.00 28,342.00 -80,893.00
   Other Operating Activities -679,904.00 -625,275.00 -456,247.00 939,712.00 -287,610.00 -333,637.00 -384,679.00 519,738.00 -692,990.00 -543,541.00 -291,112.00 289,936.00 -485,612.00 -344,968.00 -253,222.00 181,429.00 -191,709.00 -225,601.00 -294,582.00
Investing Cash Flow -50,142.00 -35,228.00 -17,803.00 -44,831.00 3,517.00 10,546.00 20,606.00 40,784.00 -67,580.00 -29,027.00 -18,012.00 37,256.00 -45,677.00 -32,335.00 -19,305.00 28,686.00 -62,274.00 -37,529.00 -7,976.00
   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 50,142.00 35,228.00 17,803.00 -5,661.00 21,729.00 14,700.00 4,640.00 -40,784.00 43,224.00 29,027.00 18,012.00 -23,860.00 38,935.00 25,637.00 12,607.00 -19,448.00 52,441.00 27,696.00 7,976.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0 -13,396.00 6,742.00 6,698.00 6,698.00 -9,238.00 9,833.00 9,833.00 0
   Other Investing Activities -100,284.00 -70,456.00 -35,606.00 -39,170.00 -18,212.00 -4,154.00 15,966.00 81,568.00 -110,804.00 -58,054.00 -36,024.00 74,512.00 -91,354.00 -64,670.00 -38,610.00 57,372.00 -124,548.00 -75,058.00 -15,952.00
Financing Cash Flow -277,283.00 -84,194.00 -32,301.00 -267,412.00 -4,873.00 58,317.00 198,585.00 -294,407.00 -67,080.00 -8,943.00 15,767.00 -56,025.00 -36,949.00 -17,199.00 4,161.00 -182,610.00 -34,978.00 39,498.00 116,416.00
   Net Issuance/Repayment of Debt 1,570,000.00 1,020,000.00 310,000.00 -1,335,000.00 600,000.00 980,000.00 355,000.00 -95,000.00 1,480,763.00 465,000.00 135,000.00 -460,000.00 165,000.00 165,000.00 295,000.00 -1,037,500.00 730,000.00 485,000.00 225,000.00
   Net Issuance/Repurchase of Equity 772,281.00 537,460.00 182,726.00 10,776.00 10,614.00 10,614.00 0 -41,964.00 20,982.00 20,982.00 20,982.00 55,698.00 23,530.00 3,098.00 3,098.00 -92,266.00 46,133.00 46,133.00 46,133.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -2,619,564.00 -1,641,654.00 -525,027.00 1,056,812.00 -615,487.00 -932,297.00 -156,415.00 -157,443.00 -1,568,825.00 -494,925.00 -140,215.00 348,277.00 -225,479.00 -185,297.00 -293,937.00 947,156.00 -811,111.00 -491,635.00 -154,717.00
Net Change in Cash -514,526.00 -507,662.00 -509,372.00 410,205.00 83,122.00 -76,794.00 -59,262.00 643,372.00 -290,540.00 -288,149.00 -253,149.00 626,738.00 -167,438.00 -238,755.00 -223,342.00 251,568.00 47,574.00 -38,078.00 -61,532.00
   Cash at Beginning of Period 660,493.00 660,493.00 660,493.00 250,288.00 303,222.00 303,222.00 303,222.00 -340,150.00 491,688.00 491,688.00 491,688.00 -135,050.00 494,485.00 494,485.00 494,485.00 242,917.00 294,953.00 294,953.00 294,953.00
   Cash at End of Period 145,967.00 152,831.00 151,121.00 660,493.00 386,344.00 226,428.00 243,960.00 303,222.00 201,148.00 203,539.00 238,539.00 491,688.00 327,047.00 255,730.00 271,143.00 494,485.00 342,527.00 256,875.00 233,421.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0