Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 14.24
Price to Sales 2.15 2.67 2.40 2.68
Book Value Per Common Share 11.79 11.26 10.35 9.01 6.20
Price to Book 3.23 3.78 3.67 4.63
Price to Operating Cash Flow 7.65 11.56 10.66 7.93
Price to Free Cash Flow
Enterprise Value to EBITDA 55831.33 66045.19 55473.81 56176.58
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 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31
Price to Earnings 31.38 55.58 157.75 44.57 64.80 142.48 36.92 57.14 88.93 14.31 17.95 47.37 14.92 30.17 67.20
Price to Sales 2.78 4.68 9.50 3.64 5.39 10.68 3.15 5.16 10.88 2.32 3.53 10.96 2.86 5.13 9.93
Book Value Per Common Share 13.00 12.66 12.30 12.20 12.11 11.82 11.48 11.30 11.21 10.36 10.26 10.22 9.11 8.20 7.47
Price to Book 3.02 3.42 3.08 4.09 4.01 3.98 3.25 3.54 3.65 2.64 2.85 4.87 3.57 4.53 4.41
Price to Operating Cash Flow 11.46 19.16 51.46 12.54 18.13 35.61 13.51 21.06 55.83 9.70 12.82 42.80 8.77 15.67 44.78
Price to Free Cash Flow
Enterprise Value to EBITDA 71368.39 121539.78 286391.82 91028.65 135005.61 275370.81 79314.86 125955.76 258484.47 52326.56 72192.48 209227.93 59537.13 112350.83 227095.06

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 614.63
Revenue YoY 11.38 0.33 -0.28 60.90
EBITDA YoY 6.11 -6.36 -9.36 133.59
Net Profit YoY 2.22 -46.71 -19.46 618.86
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 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31
Earning YoY 60.26 225.00 49.33 127.27 44.29 52.17 17.18 55.24 77.24 151.02
Revenue YoY 52.38 132.37 52.45 104.79 52.35 106.46 41.63 82.02 57.40 118.52
EBITDA YoY 53.97 169.81 52.45 110.97 48.05 100.79 28.24 70.02 65.53 128.25
Net Profit YoY 59.96 219.32 48.30 130.23 45.13 51.73 17.07 55.01 77.68 150.84

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 3.97 5.24 6.00 5.64 2.72
Quick Ratio 1.14 1.50 1.57 1.60 1.42
Current Ratio 2.42 2.42 2.46 2.52 2.72
Debt to Equity 0.25 0.26 0.28 0.28 0.30
Long-Term Debt to Equity 0.20 0.20 0.21 0.21 0.26
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 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31
Cash Per Common Share 3.16 3.28 3.72 5.09 5.15 5.15 5.05 4.87 4.99 6.22 6.68 5.87 5.37 4.45 3.34
Quick Ratio 0.99 1.02 1.02 1.33 1.39 1.41 1.65 1.60 1.57 1.64 1.80 1.56 1.59 1.38 1.33
Current Ratio 2.45 2.47 2.32 2.33 2.40 2.35 2.90 2.94 2.79 2.56 2.73 2.37 2.50 2.28 2.35
Debt to Equity 0.24 0.25 0.25 0.25 0.25 0.26 0.26 0.26 0.26 0.28 0.28 0.27 0.28 0.29 0.30
Long-Term Debt to Equity 0.19 0.19 0.20 0.19 0.19 0.19 0.21 0.21 0.21 0.21 0.22 0.20 0.22 0.22 0.24

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 1.45 1.49 2.86 3.76 0.59
ROE 1.82 1.87 3.66 4.81 0.76
Gross Margin -52.65 -50.77 -45.34 -35.26 -257.05
Operating Margin 29.73 31.39 34.47 38.92 22.07
EBITDA Margin 38.53 40.44 43.33 47.67 32.84
Net Profit Margin 7.42 8.09 15.22 18.85 4.22
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 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31
ROA 1.33 0.84 0.27 1.23 0.84 0.37 1.19 0.83 0.55 2.34 2.00 1.31 2.86 1.64 0.68
ROE 1.66 1.05 0.33 1.55 1.05 0.46 1.50 1.05 0.69 2.99 2.56 1.67 3.65 2.12 0.88
Gross Margin -50.27 -49.84 -59.65 -48.79 -48.24 -55.07 -51.19 -50.14 -43.57 -42.15 -30.78 -20.69 -35.54 -39.55 -44.56
Operating Margin 30.26 30.02 25.05 31.33 31.43 29.38 31.05 32.43 34.68 35.47 40.64 44.98 39.45 37.15 35.07
EBITDA Margin 38.94 38.53 33.19 39.96 39.96 38.79 39.78 40.93 42.09 44.31 48.93 52.39 48.02 45.66 43.71
Net Profit Margin 8.87 8.44 6.15 8.18 8.41 7.48 8.61 9.04 12.30 16.28 19.69 23.13 19.18 16.99 14.80

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 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 129,846,000.00 124,253,000.00 121,061,000.00 114,575,000.00 102,177,000.00
   Current Assets 13,296,000.00 14,065,000.00 15,613,000.00 14,830,000.00 9,303,000.00
   Deposits 100,000.00 97,000.00 103,000.00 113,000.00 0
      Cash and Short-Term Investments 5,711,000.00 7,511,000.00 8,646,000.00 8,268,000.00 3,957,000.00
            Cash and Cash Equivalents 5,711,000.00 7,511,000.00 8,646,000.00 8,268,000.00 3,957,000.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 578,000.00 1,209,000.00 1,336,000.00 1,168,000.00 892,000.00
      Inventory 2,382,000.00 2,169,000.00 1,964,000.00 1,669,000.00 1,594,000.00
      Other Current Assets 4,625,000.00 3,176,000.00 3,667,000.00 3,725,000.00 2,860,000.00
   Non-Current Assets 116,550,000.00 110,188,000.00 105,448,000.00 99,745,000.00 92,874,000.00
      Property, Plant, Equipment Net 39,367,000.00 35,743,000.00 32,969,000.00 30,622,000.00 30,025,000.00
      Goodwill 0 0 0 0 0
      Intangible Assets 428,000.00 422,000.00 416,000.00 412,000.00 401,000.00
      Long-Term Investments 102,000.00 84,000.00 79,000.00 74,000.00 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 76,653,000.00 73,939,000.00 71,984,000.00 68,637,000.00 62,448,000.00
Liabilities 26,139,000.00 25,258,000.00 26,278,000.00 25,054,000.00 23,525,000.00
   Current Liabilities 5,496,000.00 5,815,000.00 6,345,000.00 5,892,000.00 3,417,000.00
      Payables and Expenses 4,079,000.00 3,748,000.00 4,046,000.00 3,521,000.00 2,730,000.00
            Account Payables 219,000.00 218,000.00 217,000.00 220,000.00 0
            Current Accrued Liabilities 859,000.00 786,000.00 744,000.00 1,541,000.00 324,000.00
      Short-Term Debt 41,000.00 766,000.00 1,037,000.00 372,000.00 34,000.00
      Other Current Liabilities 1,376,000.00 1,301,000.00 1,262,000.00 1,999,000.00 653,000.00
   Non-Current Liabilities 20,643,000.00 19,443,000.00 19,933,000.00 19,162,000.00 20,108,000.00
      Long-Term Debt 8,907,000.00 8,656,000.00 9,583,000.00 9,078,000.00 9,677,000.00
      Other Non-Current Liabilities 11,736,000.00 10,787,000.00 10,350,000.00 10,084,000.00 10,431,000.00
Equity 103,707,000.00 98,995,000.00 94,783,000.00 89,521,000.00 78,652,000.00
   Shareholders Equity 16,953,000.00 16,145,000.00 14,915,000.00 13,204,000.00 9,008,000.00
      Capital Stock 162,000.00 162,000.00 161,000.00 160,000.00 159,000.00
      Share Premium 23,797,000.00 24,637,000.00 25,322,000.00 25,875,000.00 26,037,000.00
      Retained Earnings -1,977,000.00 -4,802,000.00 -8,147,000.00 -11,954,000.00 -20,587,000.00
      Treasury Shares 5,894,000.00 5,773,000.00 5,701,000.00 4,292,000.00 3,758,000.00
      Accumulated Other Comprehensive Income -314,000.00 -274,000.00 -320,000.00 -388,000.00 -583,000.00
   Minority Interest 11,197,000.00 10,617,000.00 9,316,000.00 9,039,000.00 8,494,000.00
Investments 102,000.00 84,000.00 170,000.00 74,000.00 183,000.00
Debt 8,948,000.00 9,422,000.00 10,620,000.00 9,450,000.00 9,711,000.00
Net Debt 3,237,000.00 1,911,000.00 1,974,000.00 1,182,000.00 5,754,000.00
Common Shares Outstanding 0 0 0 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 25,455,000.00 22,855,000.00 22,780,000.00 22,845,000.00 14,198,000.00
Cost Of Revenue 38,857,000.00 34,458,000.00 33,109,000.00 30,899,000.00 50,694,000.00
Gross Profit -13,402,000.00 -11,603,000.00 -10,329,000.00 -8,054,000.00 -36,496,000.00
Operating Expenses -29,358,000.00 -26,373,000.00 -27,552,000.00 -29,830,000.00 -42,769,000.00
   Selling, General and Administrative Expenses 1,038,000.00 971,000.00 853,000.00 778,000.00 750,000.00
   Other Operating Expenses -30,396,000.00 -27,344,000.00 -28,405,000.00 -30,608,000.00 -43,519,000.00
Operating Income 15,956,000.00 14,770,000.00 17,223,000.00 21,776,000.00 6,273,000.00
Net Non-Operating Income -9,049,000.00 -8,764,000.00 -10,508,000.00 -14,117,000.00 -4,476,000.00
Interest Expense 660,000.00 1,169,000.00 1,137,000.00 1,233,000.00 1,337,000.00
Net Interest -660,000.00 -1,169,000.00 -1,137,000.00 -1,233,000.00 -1,337,000.00
EBT 6,907,000.00 6,006,000.00 6,715,000.00 7,659,000.00 1,797,000.00
Income Tax 5,468,000.00 5,052,000.00 4,987,000.00 5,229,000.00 2,092,000.00
Equity Method Investments Income 38,000.00 40,000.00 167,000.00 131,000.00 51,000.00
Net Income Including Non-Controlling Interests -621,000.00 -55,000.00 2,457,000.00 5,365,000.00 333,000.00
Net Income Non-Controlling Interests 2,510,000.00 1,903,000.00 1,011,000.00 -1,059,000.00 266,000.00
Net Income 1,889,000.00 1,848,000.00 3,468,000.00 4,306,000.00 599,000.00
EBIT 7,567,000.00 7,175,000.00 7,852,000.00 8,892,000.00 3,134,000.00
Deprecation and Amortization 2,241,000.00 2,068,000.00 2,019,000.00 1,998,000.00 1,528,000.00
EBITDA 9,808,000.00 9,243,000.00 9,871,000.00 10,890,000.00 4,662,000.00
EPS 0 0 0 0.00 0.00
Diluted EPS 0 0 0 0.00 0.00
Average Shares Outstanding Basic 1,438,000.00 1,434,000.00 1,441,000.00 1,466,000.00 1,453,000.00
Average Shares Outstanding Diluted 1,445,000.00 1,443,000.00 1,451,000.00 1,482,000.00 1,461,000.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 7,160,000.00 5,279,000.00 5,139,000.00 7,715,000.00 3,017,000.00
   Operating Net Income 4,399,000.00 3,786,000.00 4,479,000.00 7,765,000.00 1,630,000.00
   Deprecation and Amortization 2,241,000.00 2,068,000.00 2,019,000.00 1,998,000.00 1,528,000.00
   Deferred Income Tax -76,000.00 251,000.00 105,000.00 -171,000.00 181,000.00
   Share Based Compensation 109,000.00 109,000.00 95,000.00 98,000.00 99,000.00
   Change in Working Capital 409,000.00 592,000.00 -470,000.00 3,137,000.00 371,000.00
   Other Operating Activities 78,000.00 -1,527,000.00 -1,089,000.00 -5,112,000.00 -792,000.00
Investing Cash Flow -5,028,000.00 -4,956,000.00 -3,440,000.00 -1,964,000.00 -1,264,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 15,832,000.00 15,601,000.00 11,308,000.00 7,071,000.00 6,494,000.00
   Net Purchase/Sale of Investments Net 1,000.00 30,000.00 14,000.00 27,000.00 7,000.00
   Net Purchase/Sale of Business 229,000.00 27,000.00 120,000.00 280,000.00 704,000.00
   Other Investing Activities -21,090,000.00 -20,614,000.00 -14,882,000.00 -9,342,000.00 -8,469,000.00
Financing Cash Flow -3,284,000.00 -2,650,000.00 -1,623,000.00 -1,340,000.00 -128,000.00
   Net Issuance/Repayment of Debt 5,023,000.00 4,761,000.00 10,250,000.00 2,862,000.00 7,560,000.00
   Net Issuance/Repurchase of Equity 59,000.00 0 1,347,000.00 488,000.00 0
   Dividends Paid 2,698,000.00 1,488,000.00 1,706,000.00 914,000.00 73,000.00
   Other Financing Activities -11,064,000.00 -8,899,000.00 -14,926,000.00 -5,604,000.00 -7,761,000.00
Net Change in Cash -1,152,000.00 -2,327,000.00 76,000.00 4,411,000.00 1,625,000.00
   Cash at Beginning of Period 6,063,000.00 8,390,000.00 8,314,000.00 3,903,000.00 2,278,000.00
   Cash at End of Period 4,911,000.00 6,063,000.00 8,390,000.00 8,314,000.00 3,903,000.00
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 134,724,000.00 134,050,000.00 132,472,000.00 129,846,000.00 130,908,000.00 129,316,000.00 127,894,000.00 124,253,000.00 122,386,000.00 121,069,000.00 121,111,000.00 121,061,000.00 118,522,000.00 118,625,000.00 116,324,000.00 114,575,000.00 112,061,000.00 109,565,000.00 105,659,000.00 102,177,000.00
   Current Assets 13,564,000.00 13,636,000.00 13,802,000.00 13,296,000.00 14,545,000.00 14,722,000.00 14,842,000.00 14,065,000.00 14,077,000.00 14,057,000.00 14,746,000.00 15,613,000.00 15,373,000.00 16,182,000.00 15,302,000.00 14,830,000.00 13,791,000.00 12,599,000.00 10,856,000.00 9,303,000.00
   Deposits 0 0 300,000.00 100,000.00 0 0 0 97,000.00 0 0 0 103,000.00 0 0 0 113,000.00 0 0 0 0
      Cash and Short-Term Investments 4,548,000.00 4,720,000.00 5,345,000.00 5,711,000.00 7,317,000.00 7,403,000.00 7,389,000.00 7,511,000.00 7,242,000.00 6,983,000.00 7,152,000.00 8,646,000.00 8,978,000.00 9,692,000.00 8,538,000.00 8,268,000.00 7,872,000.00 6,513,000.00 4,880,000.00 3,957,000.00
            Cash and Cash Equivalents 4,548,000.00 4,720,000.00 5,345,000.00 5,711,000.00 7,317,000.00 7,403,000.00 7,389,000.00 7,511,000.00 7,242,000.00 6,983,000.00 7,152,000.00 8,646,000.00 8,978,000.00 9,692,000.00 8,538,000.00 8,268,000.00 7,872,000.00 6,513,000.00 4,880,000.00 3,957,000.00
            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 916,000.00 941,000.00 743,000.00 578,000.00 979,000.00 1,128,000.00 1,494,000.00 1,209,000.00 792,000.00 675,000.00 1,134,000.00 1,336,000.00 844,000.00 977,000.00 1,537,000.00 1,168,000.00 931,000.00 1,100,000.00 1,248,000.00 892,000.00
      Inventory 2,633,000.00 2,516,000.00 2,418,000.00 2,382,000.00 2,328,000.00 2,283,000.00 2,202,000.00 2,169,000.00 2,131,000.00 2,098,000.00 2,056,000.00 1,964,000.00 1,873,000.00 1,776,000.00 1,741,000.00 1,669,000.00 1,617,000.00 1,616,000.00 1,596,000.00 1,594,000.00
      Other Current Assets 5,467,000.00 5,459,000.00 5,296,000.00 4,625,000.00 3,921,000.00 3,908,000.00 3,757,000.00 3,176,000.00 3,912,000.00 4,301,000.00 4,404,000.00 3,667,000.00 3,678,000.00 3,737,000.00 3,486,000.00 3,725,000.00 3,371,000.00 3,370,000.00 3,132,000.00 2,860,000.00
   Non-Current Assets 121,160,000.00 120,414,000.00 118,670,000.00 116,550,000.00 116,363,000.00 114,594,000.00 113,052,000.00 110,188,000.00 108,309,000.00 107,012,000.00 106,365,000.00 105,448,000.00 103,149,000.00 102,443,000.00 101,022,000.00 99,745,000.00 98,270,000.00 96,966,000.00 94,803,000.00 92,874,000.00
      Property, Plant, Equipment Net 40,257,000.00 39,835,000.00 39,200,000.00 39,367,000.00 37,750,000.00 36,784,000.00 36,197,000.00 35,743,000.00 34,535,000.00 33,845,000.00 33,159,000.00 32,969,000.00 31,814,000.00 31,200,000.00 30,708,000.00 30,622,000.00 30,102,000.00 29,836,000.00 29,775,000.00 30,025,000.00
      Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 0 0 0 428,000.00 0 0 0 422,000.00 0 0 0 416,000.00 0 0 0 412,000.00 0 0 0 401,000.00
      Long-Term Investments 0 0 0 102,000.00 0 0 0 84,000.00 0 0 0 79,000.00 0 0 0 74,000.00 0 0 0 0
      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 80,903,000.00 80,579,000.00 79,470,000.00 76,653,000.00 78,613,000.00 77,810,000.00 76,855,000.00 73,939,000.00 73,774,000.00 73,167,000.00 73,206,000.00 71,984,000.00 71,335,000.00 71,243,000.00 70,314,000.00 68,637,000.00 68,168,000.00 67,130,000.00 65,028,000.00 62,448,000.00
Liabilities 26,431,000.00 26,496,000.00 26,808,000.00 26,139,000.00 26,534,000.00 25,949,000.00 26,093,000.00 25,258,000.00 24,971,000.00 24,880,000.00 25,261,000.00 26,278,000.00 25,746,000.00 26,066,000.00 24,790,000.00 25,054,000.00 24,386,000.00 24,529,000.00 24,070,000.00 23,525,000.00
   Current Liabilities 5,526,000.00 5,531,000.00 5,943,000.00 5,496,000.00 6,247,000.00 6,136,000.00 6,305,000.00 5,815,000.00 4,860,000.00 4,788,000.00 5,281,000.00 6,345,000.00 5,999,000.00 5,932,000.00 6,454,000.00 5,892,000.00 5,523,000.00 5,527,000.00 4,611,000.00 3,417,000.00
      Payables and Expenses 4,098,000.00 4,288,000.00 4,078,000.00 4,079,000.00 3,824,000.00 3,910,000.00 3,672,000.00 3,748,000.00 3,724,000.00 3,642,000.00 3,836,000.00 4,046,000.00 3,947,000.00 3,853,000.00 3,163,000.00 3,521,000.00 2,949,000.00 3,106,000.00 2,866,000.00 2,730,000.00
            Account Payables 218,000.00 218,000.00 217,000.00 219,000.00 218,000.00 218,000.00 217,000.00 218,000.00 217,000.00 217,000.00 217,000.00 217,000.00 216,000.00 217,000.00 218,000.00 220,000.00 111,000.00 111,000.00 111,000.00 0
            Current Accrued Liabilities 528,000.00 389,000.00 857,000.00 859,000.00 1,072,000.00 898,000.00 1,322,000.00 786,000.00 489,000.00 531,000.00 846,000.00 744,000.00 439,000.00 507,000.00 1,392,000.00 1,541,000.00 1,237,000.00 919,000.00 647,000.00 324,000.00
      Short-Term Debt 383,000.00 338,000.00 495,000.00 41,000.00 769,000.00 768,000.00 769,000.00 766,000.00 35,000.00 37,000.00 49,000.00 1,037,000.00 1,032,000.00 1,038,000.00 2,685,000.00 372,000.00 1,746,000.00 2,057,000.00 656,000.00 34,000.00
      Other Current Liabilities 1,045,000.00 905,000.00 1,370,000.00 1,376,000.00 1,654,000.00 1,458,000.00 1,864,000.00 1,301,000.00 1,101,000.00 1,109,000.00 1,396,000.00 1,262,000.00 1,020,000.00 1,041,000.00 606,000.00 1,999,000.00 828,000.00 364,000.00 1,089,000.00 653,000.00
   Non-Current Liabilities 20,905,000.00 20,965,000.00 20,865,000.00 20,643,000.00 20,287,000.00 19,813,000.00 19,788,000.00 19,443,000.00 20,111,000.00 20,092,000.00 19,980,000.00 19,933,000.00 19,747,000.00 20,134,000.00 18,336,000.00 19,162,000.00 18,863,000.00 19,002,000.00 19,459,000.00 20,108,000.00
      Long-Term Debt 8,915,000.00 8,913,000.00 8,909,000.00 8,907,000.00 8,910,000.00 8,658,000.00 8,656,000.00 8,656,000.00 9,370,000.00 9,458,000.00 9,586,000.00 9,583,000.00 9,658,000.00 10,054,000.00 8,256,000.00 9,078,000.00 8,768,000.00 8,638,000.00 9,153,000.00 9,677,000.00
      Other Non-Current Liabilities 11,990,000.00 12,052,000.00 11,956,000.00 11,736,000.00 11,377,000.00 11,155,000.00 11,132,000.00 10,787,000.00 10,741,000.00 10,634,000.00 10,394,000.00 10,350,000.00 10,089,000.00 10,080,000.00 10,080,000.00 10,084,000.00 10,095,000.00 10,364,000.00 10,306,000.00 10,431,000.00
Equity 108,293,000.00 107,554,000.00 105,664,000.00 103,707,000.00 104,374,000.00 103,367,000.00 101,801,000.00 98,995,000.00 97,415,000.00 96,189,000.00 95,850,000.00 94,783,000.00 92,776,000.00 92,559,000.00 91,534,000.00 89,521,000.00 87,675,000.00 85,036,000.00 81,589,000.00 78,652,000.00
   Shareholders Equity 18,685,000.00 18,208,000.00 17,688,000.00 16,953,000.00 17,548,000.00 17,404,000.00 16,973,000.00 16,145,000.00 16,459,000.00 16,202,000.00 16,057,000.00 14,915,000.00 14,954,000.00 14,889,000.00 14,866,000.00 13,204,000.00 13,353,000.00 12,011,000.00 10,920,000.00 9,008,000.00
      Capital Stock 163,000.00 163,000.00 163,000.00 162,000.00 162,000.00 162,000.00 162,000.00 162,000.00 162,000.00 162,000.00 162,000.00 161,000.00 161,000.00 161,000.00 161,000.00 160,000.00 160,000.00 160,000.00 160,000.00 159,000.00
      Share Premium 23,660,000.00 23,642,000.00 23,627,000.00 23,797,000.00 23,997,000.00 24,321,000.00 24,488,000.00 24,637,000.00 24,833,000.00 25,028,000.00 25,227,000.00 25,322,000.00 25,483,000.00 25,661,000.00 25,835,000.00 25,875,000.00 26,023,000.00 26,084,000.00 26,080,000.00 26,037,000.00
      Retained Earnings 1,196,000.00 738,000.00 182,000.00 -1,977,000.00 -444,000.00 -970,000.00 -1,586,000.00 -4,802,000.00 -2,447,000.00 -2,901,000.00 -3,244,000.00 -8,147,000.00 -4,604,000.00 -5,008,000.00 -5,848,000.00 -11,954,000.00 -8,481,000.00 -9,880,000.00 -10,963,000.00 -20,587,000.00
      Treasury Shares 6,024,000.00 6,024,000.00 5,971,000.00 5,894,000.00 5,894,000.00 5,835,000.00 5,817,000.00 5,773,000.00 5,772,000.00 5,769,000.00 5,769,000.00 5,701,000.00 5,701,000.00 5,539,000.00 4,895,000.00 4,292,000.00 3,777,000.00 3,777,000.00 3,777,000.00 3,758,000.00
      Accumulated Other Comprehensive Income -310,000.00 -311,000.00 -313,000.00 -314,000.00 -273,000.00 -274,000.00 -274,000.00 -274,000.00 -317,000.00 -318,000.00 -319,000.00 -320,000.00 -385,000.00 -386,000.00 -387,000.00 -388,000.00 -572,000.00 -576,000.00 -580,000.00 -583,000.00
   Minority Interest 11,712,000.00 11,788,000.00 11,526,000.00 11,197,000.00 11,318,000.00 11,282,000.00 11,132,000.00 10,617,000.00 10,218,000.00 9,825,000.00 9,591,000.00 9,316,000.00 9,227,000.00 9,158,000.00 9,176,000.00 9,039,000.00 9,178,000.00 8,924,000.00 8,653,000.00 8,494,000.00
Investments 0 0 110,000.00 102,000.00 132,000.00 93,000.00 136,000.00 84,000.00 13,000.00 28,000.00 131,000.00 170,000.00 62,000.00 49,000.00 191,000.00 74,000.00 33,000.00 56,000.00 118,000.00 183,000.00
Debt 9,298,000.00 9,251,000.00 9,404,000.00 8,948,000.00 9,679,000.00 9,426,000.00 9,425,000.00 9,422,000.00 9,405,000.00 9,495,000.00 9,635,000.00 10,620,000.00 10,690,000.00 11,092,000.00 10,941,000.00 9,450,000.00 10,514,000.00 10,695,000.00 9,809,000.00 9,711,000.00
Net Debt 4,750,000.00 4,531,000.00 4,059,000.00 3,237,000.00 2,362,000.00 2,023,000.00 2,036,000.00 1,911,000.00 2,163,000.00 2,512,000.00 2,483,000.00 1,974,000.00 1,712,000.00 1,400,000.00 2,403,000.00 1,182,000.00 2,642,000.00 4,182,000.00 4,929,000.00 5,754,000.00
Common Shares Outstanding 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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
Revenues 20,282,000.00 13,310,000.00 5,728,000.00 -13,546,000.00 19,735,000.00 12,945,000.00 6,321,000.00 -10,610,000.00 16,950,000.00 11,126,000.00 5,389,000.00 -12,864,000.00 17,022,000.00 12,019,000.00 6,603,000.00 -9,284,000.00 16,681,000.00 10,598,000.00 4,850,000.00
Cost Of Revenue 30,477,000.00 19,944,000.00 9,145,000.00 -19,498,000.00 29,363,000.00 19,190,000.00 9,802,000.00 -15,610,000.00 25,626,000.00 16,705,000.00 7,737,000.00 -14,775,000.00 24,197,000.00 15,718,000.00 7,969,000.00 -13,511,000.00 22,610,000.00 14,789,000.00 7,011,000.00
Gross Profit -10,195,000.00 -6,634,000.00 -3,417,000.00 5,952,000.00 -9,628,000.00 -6,245,000.00 -3,481,000.00 5,000,000.00 -8,676,000.00 -5,579,000.00 -2,348,000.00 1,911,000.00 -7,175,000.00 -3,699,000.00 -1,366,000.00 4,227,000.00 -5,929,000.00 -4,191,000.00 -2,161,000.00
Operating Expenses -23,999,000.00 -15,605,000.00 -6,782,000.00 15,221,000.00 -22,621,000.00 -14,807,000.00 -7,151,000.00 12,838,000.00 -19,702,000.00 -13,056,000.00 -6,453,000.00 16,545,000.00 -20,661,000.00 -15,020,000.00 -8,416,000.00 11,650,000.00 -21,597,000.00 -13,655,000.00 -6,228,000.00
   Selling, General and Administrative Expenses 833,000.00 568,000.00 311,000.00 -570,000.00 777,000.00 540,000.00 291,000.00 -500,000.00 728,000.00 488,000.00 255,000.00 -451,000.00 635,000.00 436,000.00 233,000.00 -392,000.00 587,000.00 380,000.00 203,000.00
   Other Operating Expenses -24,832,000.00 -16,173,000.00 -7,093,000.00 15,791,000.00 -23,398,000.00 -15,347,000.00 -7,442,000.00 13,338,000.00 -20,430,000.00 -13,544,000.00 -6,708,000.00 16,996,000.00 -21,296,000.00 -15,456,000.00 -8,649,000.00 12,042,000.00 -22,184,000.00 -14,035,000.00 -6,431,000.00
Operating Income 13,804,000.00 8,971,000.00 3,365,000.00 -9,269,000.00 12,993,000.00 8,562,000.00 3,670,000.00 -7,838,000.00 11,026,000.00 7,477,000.00 4,105,000.00 -14,634,000.00 13,486,000.00 11,321,000.00 7,050,000.00 -7,423,000.00 15,668,000.00 9,464,000.00 4,067,000.00
Net Non-Operating Income -8,198,000.00 -5,289,000.00 -2,074,000.00 5,131,000.00 -7,326,000.00 -4,858,000.00 -1,996,000.00 5,222,000.00 -6,748,000.00 -4,671,000.00 -2,567,000.00 9,145,000.00 -8,307,000.00 -7,009,000.00 -4,337,000.00 4,672,000.00 -9,982,000.00 -6,138,000.00 -2,669,000.00
Interest Expense 532,000.00 313,000.00 144,000.00 -403,000.00 515,000.00 365,000.00 183,000.00 -949,000.00 985,000.00 802,000.00 331,000.00 -552,000.00 859,000.00 573,000.00 257,000.00 -575,000.00 894,000.00 611,000.00 303,000.00
Net Interest -532,000.00 -313,000.00 -144,000.00 403,000.00 -515,000.00 -365,000.00 -183,000.00 949,000.00 -985,000.00 -802,000.00 -331,000.00 552,000.00 -859,000.00 -573,000.00 -257,000.00 575,000.00 -894,000.00 -611,000.00 -303,000.00
EBT 5,606,000.00 3,682,000.00 1,291,000.00 -4,138,000.00 5,667,000.00 3,704,000.00 1,674,000.00 -2,616,000.00 4,278,000.00 2,806,000.00 1,538,000.00 -5,489,000.00 5,179,000.00 4,312,000.00 2,713,000.00 -2,751,000.00 5,686,000.00 3,326,000.00 1,398,000.00
Income Tax 4,584,000.00 3,044,000.00 1,193,000.00 -3,171,000.00 4,481,000.00 2,849,000.00 1,309,000.00 -2,053,000.00 3,530,000.00 2,383,000.00 1,192,000.00 -3,701,000.00 3,707,000.00 3,092,000.00 1,889,000.00 -2,224,000.00 3,925,000.00 2,448,000.00 1,080,000.00
Equity Method Investments Income 0 8,000.00 2,000.00 20,000.00 14,000.00 4,000.00 0 6,000.00 12,000.00 12,000.00 10,000.00 94,000.00 33,000.00 25,000.00 15,000.00 134,000.00 -5,000.00 4,000.00 -2,000.00
Net Income Including Non-Controlling Interests -3,966,000.00 -2,776,000.00 -1,114,000.00 9,241,000.00 -4,954,000.00 -3,224,000.00 -1,684,000.00 4,760,000.00 -2,668,000.00 -1,494,000.00 -653,000.00 -3,279,000.00 2,040,000.00 1,792,000.00 1,904,000.00 1,171,000.00 2,393,000.00 1,318,000.00 483,000.00
Net Income Non-Controlling Interests 5,764,000.00 3,900,000.00 1,466,000.00 -10,529,000.00 6,569,000.00 4,313,000.00 2,157,000.00 -6,041,000.00 4,128,000.00 2,500,000.00 1,316,000.00 82,000.00 731,000.00 575,000.00 -377,000.00 -2,584,000.00 807,000.00 483,000.00 235,000.00
Net Income 1,798,000.00 1,124,000.00 352,000.00 -1,288,000.00 1,615,000.00 1,089,000.00 473,000.00 -1,281,000.00 1,460,000.00 1,006,000.00 663,000.00 -3,197,000.00 2,771,000.00 2,367,000.00 1,527,000.00 -1,413,000.00 3,200,000.00 1,801,000.00 718,000.00
EBIT 6,138,000.00 3,995,000.00 1,435,000.00 -4,541,000.00 6,182,000.00 4,069,000.00 1,857,000.00 -3,565,000.00 5,263,000.00 3,608,000.00 1,869,000.00 -6,041,000.00 6,038,000.00 4,885,000.00 2,970,000.00 -3,326,000.00 6,580,000.00 3,937,000.00 1,701,000.00
Deprecation and Amortization 1,759,000.00 1,134,000.00 466,000.00 -1,162,000.00 1,704,000.00 1,104,000.00 595,000.00 -756,000.00 1,479,000.00 946,000.00 399,000.00 -970,000.00 1,504,000.00 996,000.00 489,000.00 -753,000.00 1,430,000.00 902,000.00 419,000.00
EBITDA 7,897,000.00 5,129,000.00 1,901,000.00 -5,703,000.00 7,886,000.00 5,173,000.00 2,452,000.00 -4,321,000.00 6,742,000.00 4,554,000.00 2,268,000.00 -7,011,000.00 7,542,000.00 5,881,000.00 3,459,000.00 -4,079,000.00 8,010,000.00 4,839,000.00 2,120,000.00
EPS 0.00 0.00 0.00 -0.00 0.00 0.00 0.00 -0.00 0.00 0.00 0.00 -0.00 0.00 0.00 0.00 -0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 1,437,000.00 1,438,000.00 1,438,000.00 1,441,000.00 1,438,000.00 1,437,000.00 1,436,000.00 1,435,000.00 1,434,000.00 1,434,000.00 1,433,000.00 1,414,000.00 1,444,000.00 1,451,000.00 1,455,000.00 1,471,000.00 1,466,000.00 1,465,000.00 1,462,000.00
Average Shares Outstanding Diluted 1,443,000.00 1,444,000.00 1,444,000.00 1,446,000.00 1,445,000.00 1,445,000.00 1,444,000.00 1,443,000.00 1,443,000.00 1,443,000.00 1,443,000.00 1,417,000.00 1,455,000.00 1,463,000.00 1,469,000.00 1,490,000.00 1,481,000.00 1,480,000.00 1,477,000.00
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 4,917,000.00 3,253,000.00 1,058,000.00 -4,312,000.00 5,724,000.00 3,852,000.00 1,896,000.00 -2,453,000.00 3,959,000.00 2,723,000.00 1,050,000.00 -3,934,000.00 4,070,000.00 3,312,000.00 1,691,000.00 -2,265,000.00 5,435,000.00 3,470,000.00 1,075,000.00
   Operating Net Income 3,587,000.00 2,340,000.00 793,000.00 -2,883,000.00 3,678,000.00 2,442,000.00 1,162,000.00 -1,787,000.00 2,744,000.00 1,780,000.00 1,049,000.00 -3,869,000.00 3,502,000.00 2,942,000.00 1,904,000.00 521,000.00 4,007,000.00 2,284,000.00 953,000.00
   Deprecation and Amortization 1,759,000.00 1,134,000.00 466,000.00 -1,162,000.00 1,704,000.00 1,104,000.00 595,000.00 -756,000.00 1,479,000.00 946,000.00 399,000.00 -970,000.00 1,504,000.00 996,000.00 489,000.00 -753,000.00 1,430,000.00 902,000.00 419,000.00
   Deferred Income Tax -16,000.00 34,000.00 26,000.00 -195,000.00 36,000.00 37,000.00 46,000.00 12,000.00 130,000.00 74,000.00 35,000.00 -89,000.00 83,000.00 63,000.00 48,000.00 -384,000.00 96,000.00 79,000.00 38,000.00
   Share Based Compensation 98,000.00 74,000.00 54,000.00 -115,000.00 94,000.00 77,000.00 53,000.00 -105,000.00 89,000.00 72,000.00 53,000.00 -91,000.00 75,000.00 62,000.00 49,000.00 -78,000.00 79,000.00 56,000.00 41,000.00
   Change in Working Capital 490,000.00 390,000.00 371,000.00 -1,393,000.00 435,000.00 432,000.00 935,000.00 1,418,000.00 -351,000.00 -648,000.00 173,000.00 2,472,000.00 -1,382,000.00 -1,061,000.00 -499,000.00 -631,000.00 1,577,000.00 1,367,000.00 824,000.00
   Other Operating Activities -1,001,000.00 -719,000.00 -652,000.00 1,436,000.00 -223,000.00 -240,000.00 -895,000.00 -1,235,000.00 -132,000.00 499,000.00 -659,000.00 -1,387,000.00 288,000.00 310,000.00 -300,000.00 -940,000.00 -1,754,000.00 -1,218,000.00 -1,200,000.00
Investing Cash Flow -3,442,000.00 -2,432,000.00 -1,176,000.00 2,431,000.00 -3,797,000.00 -2,385,000.00 -1,277,000.00 2,157,000.00 -3,584,000.00 -2,365,000.00 -1,164,000.00 1,185,000.00 -2,381,000.00 -1,530,000.00 -714,000.00 468,000.00 -1,231,000.00 -833,000.00 -368,000.00
   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 11,597,000.00 8,004,000.00 3,856,000.00 -7,733,000.00 11,722,000.00 7,762,000.00 4,081,000.00 -6,661,000.00 11,190,000.00 7,413,000.00 3,659,000.00 -4,104,000.00 7,899,000.00 5,158,000.00 2,355,000.00 -1,074,000.00 4,437,000.00 2,551,000.00 1,157,000.00
   Net Purchase/Sale of Investments Net -22,000.00 -1,000.00 4,000.00 29,000.00 -10,000.00 -13,000.00 -5,000.00 -49,000.00 29,000.00 31,000.00 19,000.00 -4,000.00 10,000.00 6,000.00 2,000.00 -14,000.00 25,000.00 13,000.00 3,000.00
   Net Purchase/Sale of Business 0 0 0 19,000.00 210,000.00 0 0 27,000.00 0 0 0 120,000.00 0 0 0 214,000.00 33,000.00 33,000.00 0
   Other Investing Activities -15,017,000.00 -10,435,000.00 -5,036,000.00 10,116,000.00 -15,719,000.00 -10,134,000.00 -5,353,000.00 8,840,000.00 -14,803,000.00 -9,809,000.00 -4,842,000.00 5,173,000.00 -10,290,000.00 -6,694,000.00 -3,071,000.00 1,342,000.00 -5,726,000.00 -3,430,000.00 -1,528,000.00
Financing Cash Flow -1,733,000.00 -908,000.00 155,000.00 -40,000.00 -1,774,000.00 -1,128,000.00 -342,000.00 2,560,000.00 -2,226,000.00 -1,812,000.00 -1,172,000.00 610,000.00 -1,179,000.00 -351,000.00 -703,000.00 -1,406,000.00 -188,000.00 29,000.00 225,000.00
   Net Issuance/Repayment of Debt 4,047,000.00 2,983,000.00 1,727,000.00 -1,130,000.00 3,647,000.00 1,281,000.00 1,225,000.00 -2,866,000.00 3,583,000.00 2,487,000.00 1,557,000.00 -7,886,000.00 9,439,000.00 7,659,000.00 1,038,000.00 856,000.00 1,505,000.00 339,000.00 162,000.00
   Net Issuance/Repurchase of Equity 113,000.00 109,000.00 56,000.00 -57,000.00 86,000.00 26,000.00 4,000.00 0 41,000.00 34,000.00 31,000.00 -2,039,000.00 1,453,000.00 1,291,000.00 642,000.00 488,000.00 0 0 0
   Dividends Paid 1,923,000.00 1,058,000.00 218,000.00 -658,000.00 1,918,000.00 1,118,000.00 320,000.00 -506,000.00 1,054,000.00 723,000.00 217,000.00 -946,000.00 1,277,000.00 951,000.00 424,000.00 303,000.00 407,000.00 204,000.00 0
   Other Financing Activities -7,816,000.00 -5,058,000.00 -1,846,000.00 1,805,000.00 -7,425,000.00 -3,553,000.00 -1,891,000.00 6,038,000.00 -6,904,000.00 -5,056,000.00 -2,977,000.00 11,481,000.00 -13,348,000.00 -10,252,000.00 -2,807,000.00 -3,053,000.00 -2,100,000.00 -514,000.00 63,000.00
Net Change in Cash -258,000.00 -87,000.00 37,000.00 -1,921,000.00 153,000.00 339,000.00 277,000.00 2,264,000.00 -1,851,000.00 -1,454,000.00 -1,286,000.00 -2,139,000.00 510,000.00 1,431,000.00 274,000.00 -3,203,000.00 4,016,000.00 2,666,000.00 932,000.00
   Cash at Beginning of Period 4,911,000.00 4,911,000.00 4,911,000.00 6,832,000.00 6,063,000.00 6,063,000.00 6,063,000.00 3,799,000.00 8,390,000.00 8,390,000.00 8,390,000.00 10,529,000.00 8,314,000.00 8,314,000.00 8,314,000.00 11,517,000.00 3,903,000.00 3,903,000.00 3,903,000.00
   Cash at End of Period 4,653,000.00 4,824,000.00 4,948,000.00 4,911,000.00 6,216,000.00 6,402,000.00 6,340,000.00 6,063,000.00 6,539,000.00 6,936,000.00 7,104,000.00 8,390,000.00 8,824,000.00 9,745,000.00 8,588,000.00 8,314,000.00 7,919,000.00 6,569,000.00 4,835,000.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0