FR

Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 11.52 12.63 8.86 15.80
Price to Sales 20.02 22.91 23.80 36.34
Book Value Per Common Share 20.14 19.37 18.61 16.66 14.74
Price to Book 2.49 2.72 2.59 3.97
Price to Operating Cash Flow 19.02 23.07 15.63 32.41
Price to Free Cash Flow
Enterprise Value to EBITDA 102022.01 117832.44 107243.30 155659.64
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 20.18 61.71 73.92 16.91 26.25 101.04 16.94 62.67 62.59 10.64 40.93 112.56 42.69 58.69
Price to Sales 25.60 36.09 81.62 30.31 38.93 86.59 27.81 46.58 95.02 30.18 49.44 131.14 38.26 58.18 102.51
Book Value Per Common Share 20.02 19.98 20.02 20.14 19.89 19.65 19.61 19.37 19.17 18.84 18.59 18.61 18.28 17.43 16.77 16.66 15.53 15.11 14.95 14.74
Price to Book 2.57 2.41 2.69 2.49 2.81 2.42 2.68 2.72 2.48 2.79 2.86 2.59 2.45 2.72 3.69 3.97 3.35 3.46 3.06
Price to Operating Cash Flow 20.32 30.03 81.58 27.15 37.32 112.41 26.42 45.00 201.90 17.24 24.40 137.36 34.54 57.36 143.90
Price to Free Cash Flow
Enterprise Value to EBITDA 144048.81 202543.22 438062.27 151130.83 206378.40 424157.48 151550.09 271483.74 593165.05 137716.54 279011.24 742732.55 182986.15 263185.41 448031.10

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 4.32 -23.49 30.07 36.48
Revenue YoY 9.06 13.72 13.36 6.31
EBITDA YoY 9.98 -0.56 6.13 18.24
Net Profit YoY 4.81 -23.35 32.66 38.56
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
Earning YoY 226.92 6.85 82.87 248.08 234.52 -1.18 262.93 110.91 37.08
Revenue YoY 50.79 101.74 51.36 101.15 51.42 101.87 54.68 103.61 51.82 100.98
EBITDA YoY 50.38 92.93 60.91 85.85 61.98 116.21 91.30 104.27 44.70 94.18
Net Profit YoY 63.24 114.75 82.99 75.00 67.82 97.61 81.00 321.84 37.19 83.60

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 0.34 0.34 1.01 0.48 1.28
Quick Ratio
Current Ratio
Debt to Equity 0.30 0.31 0.31 0.29 0.31
Long-Term Debt to Equity
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 0.26 0.27 0.27 0.69 0.36 0.30 0.37 0.68 0.42 0.52 0.50 2.04 1.12 1.03 0.35 0.96 0.41 0.44 0.77 2.54
Quick Ratio
Current Ratio
Debt to Equity 0.32 0.32 0.32 0.30 0.30 0.31 0.31 0.31 0.31 0.32 0.31 0.31 0.31 0.31 0.30 0.29 0.30 0.30 0.30 0.31
Long-Term Debt to Equity

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 2.72 2.63 3.58 3.19 2.54
ROE 3.53 3.45 4.68 4.10 3.32
Gross Margin 72.70 73.02 73.39 72.43 73.40
Operating Margin 44.47 42.72 53.72 59.25 44.28
EBITDA Margin 97.12 96.31 110.14 117.64 105.78
Net Profit Margin 44.09 45.88 68.07 58.17 44.63
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 1.53 0.95 0.44 2.09 1.14 0.65 1.78 1.08 0.56 2.81 1.62 0.41 1.94 1.45 0.80
ROE 2.02 1.25 0.58 2.72 1.49 0.85 2.34 1.42 0.73 3.68 2.12 0.53 2.52 1.89 1.04
Gross Margin 74.02 73.75 72.72 72.69 72.41 71.03 72.74 72.84 71.77 73.17 72.50 71.78 72.27 72.19 71.41
Operating Margin 33.32 31.44 31.23 46.01 37.50 43.31 37.55 31.68 26.98 51.56 30.02 29.52 45.81 50.63 54.62
EBITDA Margin 87.84 88.08 92.10 99.23 93.34 101.03 90.95 85.02 79.38 108.76 87.95 87.67 104.54 109.68 113.52
Net Profit Margin 32.24 29.78 27.98 45.55 37.68 43.31 41.67 37.60 38.41 71.67 61.25 29.56 45.13 49.95 54.68

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 10,871,947.00 10,707,359.00 10,273,265.00 8,688,092.00 7,873,201.00
      Cash and Short-Term Investments 91,487.00 89,909.00 269,403.00 126,308.00 328,270.00
            Cash and Cash Equivalents 91,487.00 89,909.00 269,403.00 126,308.00 328,270.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 356,450.00 325,653.00 273,367.00 218,646.00 189,781.00
      Inventory 0 0 0 0 0
      Other Current Assets 0 0 0 0 0
      Property, Plant, Equipment Net 3,685,221.00 3,685,299.00 3,606,676.00 3,146,812.00 2,360,750.00
      Real Estate 20,345,882.00 19,870,672.00 18,658,704.00 16,122,060.00 14,517,252.00
      Goodwill 0 0 0 0 0
      Intangible Assets 25,188.00 28,205.00 72,270.00 63,948.00 75,633.00
      Long-Term Investments 51,180.00 44,663.00 8,822.00 36,049.00 45,697.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 0 0 0 0 0
Liabilities 2,515,398.00 2,540,660.00 2,424,023.00 1,930,726.00 1,844,618.00
      Payables and Expenses 0 0 0 0 0
            Account Payables 0 0 0 0 0
            Current Accrued Liabilities 0 0 0 0 0
      Short-Term Debt 0 0 0 0 0
      Other Current Liabilities 0 0 0 0 0
      Long-Term Debt 0 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0 0
Equity 8,356,549.00 8,166,699.00 7,849,242.00 6,757,366.00 6,028,583.00
   Shareholders Equity 2,665,607.00 2,562,975.00 2,459,198.00 2,194,812.00 1,902,734.00
      Capital Stock 1,323.00 1,323.00 1,321.00 1,317.00 1,290.00
      Share Premium 2,425,253.00 2,411,673.00 2,401,334.00 2,376,026.00 2,224,691.00
      Retained Earnings 219,095.00 127,707.00 23,131.00 0 0
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 40,421.00 45,114.00 67,598.00 -8,569.00 -34,261.00
   Minority Interest 80,421.00 72,130.00 71,101.00 53,560.00 44,586.00
Investments 116,984.00 111,312.00 31,914.00 82,306.00 102,822.00
Debt 3,900,008.00 3,904,811.00 3,901,383.00 3,117,501.00 3,251,530.00
Net Debt 3,808,521.00 3,814,902.00 3,631,980.00 2,991,193.00 2,923,260.00
Common Shares Outstanding 132,349.12 132,289.04 132,141.50 131,747.73 129,051.41
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 669,641.00 614,027.00 539,929.00 476,290.00 448,028.00
Cost Of Revenue 182,821.00 165,655.00 143,663.00 131,300.00 119,195.00
Gross Profit 486,820.00 448,372.00 396,266.00 344,990.00 328,833.00
   Selling, General and Administrative Expenses 40,935.00 37,121.00 33,972.00 34,610.00 65,897.00
Net Non-Operating Income 27,935.00 14,205.00 151,632.00 212,399.00 71,187.00
Interest Expense 0.00 0.00 0.00 0.00 0.00
EBT 297,768.00 262,322.00 290,033.00 282,211.00 198,377.00
Income Tax 6,075.00 8,692.00 23,363.00 4,879.00 2,408.00
Equity Method Investments Income 9,127.00 68,363.00 243,887.00 2,702.00 11,074.00
Net Income Including Non-Controlling Interests 286,066.00 266,544.00 330,948.00 270,731.00 195,519.00
Net Income Non-Controlling Interests 9,178.00 15,157.00 36,571.00 6,307.00 4,415.00
Net Income 295,244.00 281,701.00 367,519.00 277,038.00 199,934.00
EBIT 297,768.00 262,322.00 290,033.00 282,211.00 198,377.00
Deprecation and Amortization 352,586.00 329,030.00 304,644.00 278,114.00 275,528.00
EBITDA 650,354.00 591,352.00 594,677.00 560,325.00 473,905.00
EPS 0.00 0.00 0.01 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 267,461.00 267,041.00 266,253.00 261,428.00 257,463.00
Average Shares Outstanding Diluted 267,842.00 267,590.00 266,784.00 262,012.00 258,031.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 705,030.00 609,628.00 821,840.00 533,925.00 481,511.00
   Operating Net Income 1,183,952.00 1,143,348.00 1,526,448.00 1,123,589.00 814,244.00
   Deprecation and Amortization 352,586.00 329,030.00 304,644.00 278,114.00 275,528.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 0 0 0 0 0
   Change in Working Capital 24,150.00 -4,108.00 72,364.00 28,701.00 -13,715.00
   Other Operating Activities -855,658.00 -858,642.00 -1,081,616.00 -896,479.00 -594,546.00
Investing Cash Flow -131,620.00 -378,306.00 -629,108.00 -416,823.00 -251,738.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 0 125,293.00 178,340.00 243,407.00 153,351.00
   Net Purchase/Sale of Investments Net -4,761.00 -2,739.00 1,608.00 -61.00 5,603.00
   Net Purchase/Sale of Business 5,729.00 12,349.00 5,616.00 1,550.00 42,744.00
   Other Investing Activities -132,588.00 -513,209.00 -814,672.00 -661,719.00 -453,436.00
Financing Cash Flow -426,114.00 -55,564.00 609,052.00 17,965.00 115,845.00
   Net Issuance/Repayment of Debt 1,318,000.00 1,184,000.00 2,752,000.00 998,000.00 1,304,000.00
   Net Issuance/Repurchase of Equity 0 0 38,469.00 437,280.00 236,154.00
   Dividends Paid 193,482.00 169,368.00 155,333.00 139,710.00 127,338.00
   Other Financing Activities -1,937,596.00 -1,408,932.00 -2,336,750.00 -1,557,025.00 -1,551,647.00
Net Change in Cash 7,838.00 -101,274.00 86,338.00 -140,878.00 46,940.00
   Cash at Beginning of Period 43,844.00 145,118.00 58,780.00 199,658.00 152,718.00
   Cash at End of Period 51,682.00 43,844.00 145,118.00 58,780.00 199,658.00
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 11,354,678.00 11,248,360.00 11,243,057.00 10,871,947.00 10,753,987.00 10,761,927.00 10,752,769.00 10,707,359.00 10,668,566.00 10,542,167.00 10,265,114.00 10,273,265.00 10,086,117.00 9,667,725.00 9,087,563.00 8,688,092.00 8,258,567.00 8,032,658.00 7,935,580.00 7,873,201.00
      Cash and Short-Term Investments 69,095.00 72,252.00 73,498.00 91,487.00 96,745.00 79,287.00 100,073.00 89,909.00 111,442.00 138,893.00 134,081.00 269,403.00 297,898.00 273,971.00 93,551.00 126,308.00 107,879.00 114,782.00 199,401.00 328,270.00
            Cash and Cash Equivalents 69,095.00 72,252.00 73,498.00 91,487.00 96,745.00 79,287.00 100,073.00 89,909.00 111,442.00 138,893.00 134,081.00 269,403.00 297,898.00 273,971.00 93,551.00 126,308.00 107,879.00 114,782.00 199,401.00 328,270.00
            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 384,659.00 376,586.00 371,432.00 356,450.00 336,069.00 330,631.00 335,571.00 325,653.00 305,980.00 295,980.00 289,128.00 273,367.00 251,134.00 237,814.00 229,556.00 218,646.00 213,530.00 206,447.00 207,493.00 189,781.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Property, Plant, Equipment Net 3,772,979.00 3,747,445.00 3,747,860.00 3,685,221.00 3,592,837.00 3,582,850.00 1,813,583.00 3,685,299.00 3,614,870.00 3,614,496.00 3,362,369.00 3,606,676.00 3,509,326.00 3,300,616.00 3,046,858.00 3,146,812.00 2,784,335.00 2,585,504.00 2,280,643.00 2,360,750.00
      Real Estate 21,376,676.00 21,097,713.00 20,836,441.00 20,345,882.00 20,092,828.00 19,868,836.00 19,882,633.00 19,870,672.00 19,680,233.00 19,319,338.00 18,835,112.00 18,658,704.00 18,267,343.00 17,559,377.00 16,810,203.00 16,122,060.00 15,552,230.00 15,116,726.00 14,647,101.00 14,517,252.00
      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 25,188.00 0 0 0 28,205.00 0 0 0 72,270.00 25,341.00 24,080.00 22,089.00 63,948.00 22,229.00 23,467.00 23,884.00 75,633.00
      Long-Term Investments 61,209.00 60,420.00 82,152.00 51,180.00 49,104.00 48,658.00 47,735.00 44,663.00 41,940.00 37,374.00 33,943.00 8,822.00 9,452.00 8,415.00 37,374.00 36,049.00 35,857.00 35,877.00 46,424.00 45,697.00
      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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Liabilities 2,766,759.00 2,717,722.00 2,704,832.00 2,515,398.00 2,488,730.00 2,526,783.00 2,527,113.00 2,540,660.00 2,544,961.00 2,527,540.00 2,422,887.00 2,424,023.00 2,377,948.00 2,291,559.00 2,106,498.00 1,930,726.00 1,901,862.00 1,861,780.00 1,835,968.00 1,844,618.00
      Payables and Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
            Account Payables 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
            Current Accrued Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Equity 8,587,919.00 8,530,638.00 8,538,225.00 8,356,549.00 8,265,257.00 8,235,144.00 8,225,656.00 8,166,699.00 8,123,605.00 8,014,627.00 7,842,227.00 7,849,242.00 7,708,169.00 7,376,166.00 6,981,065.00 6,757,366.00 6,356,705.00 6,170,878.00 6,099,612.00 6,028,583.00
   Shareholders Equity 2,651,353.00 2,645,022.00 2,651,077.00 2,665,607.00 2,632,407.00 2,600,621.00 2,595,165.00 2,562,975.00 2,535,201.00 2,491,156.00 2,458,310.00 2,459,198.00 2,415,931.00 2,302,610.00 2,214,116.00 2,194,812.00 2,023,057.00 1,951,509.00 1,930,912.00 1,902,734.00
      Capital Stock 1,324.00 1,324.00 1,324.00 1,323.00 1,323.00 1,323.00 1,323.00 1,323.00 1,323.00 1,323.00 1,322.00 1,321.00 1,321.00 1,321.00 1,320.00 1,317.00 1,303.00 1,291.00 1,291.00 1,290.00
      Share Premium 2,433,808.00 2,431,682.00 2,429,120.00 2,425,253.00 2,421,738.00 2,418,232.00 2,414,364.00 2,411,673.00 2,407,348.00 2,403,397.00 2,400,269.00 2,401,334.00 2,397,977.00 2,393,462.00 2,388,620.00 2,376,026.00 2,287,232.00 2,224,561.00 2,221,256.00 2,224,691.00
      Retained Earnings 210,966.00 204,660.00 208,434.00 219,095.00 199,713.00 149,413.00 147,104.00 127,707.00 80,856.00 48,217.00 35,987.00 23,131.00 0 0 0 0 0 0 0 0
      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 10,673.00 14,940.00 24,775.00 40,421.00 19,532.00 64,180.00 65,639.00 45,114.00 92,520.00 77,426.00 42,000.00 67,598.00 73,624.00 25,036.00 13,569.00 -8,569.00 -16,961.00 -20,287.00 -20,865.00 -34,261.00
   Minority Interest 89,435.00 89,371.00 92,145.00 80,421.00 79,383.00 78,558.00 78,103.00 72,130.00 71,502.00 70,683.00 69,655.00 71,101.00 70,513.00 83,196.00 58,259.00 53,560.00 50,525.00 50,539.00 49,973.00 44,586.00
Investments 139,370.00 136,270.00 182,188.00 116,984.00 109,260.00 108,678.00 120,396.00 111,312.00 96,862.00 88,034.00 86,266.00 31,914.00 29,294.00 27,364.00 87,386.00 82,306.00 80,000.00 80,348.00 110,676.00 102,822.00
Debt 4,788,864.00 4,782,379.00 3,897,795.00 3,900,008.00 3,899,108.00 3,898,485.00 3,905,553.00 3,904,811.00 3,903,866.00 3,903,232.00 3,901,840.00 3,901,383.00 3,300,278.00 3,304,389.00 3,116,195.00 3,117,501.00 3,125,477.00 3,128,940.00 3,249,647.00 3,251,530.00
Net Debt 4,719,769.00 4,710,127.00 3,824,297.00 3,808,521.00 3,802,363.00 3,819,198.00 3,805,480.00 3,814,902.00 3,792,424.00 3,764,339.00 3,767,759.00 3,631,980.00 3,002,380.00 3,030,418.00 3,022,644.00 2,991,193.00 3,017,598.00 3,014,158.00 3,050,246.00 2,923,260.00
Common Shares Outstanding 132,422.26 132,405.00 132,394.72 132,349.12 132,348.50 132,343.89 132,341.35 132,289.04 132,274.97 132,254.01 132,241.96 132,141.50 132,135.10 132,071.47 132,001.40 131,747.73 130,289.62 129,131.44 129,127.86 129,051.41
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 538,667.00 357,237.00 177,074.00 -313,092.00 494,053.00 326,408.00 162,272.00 -293,793.00 456,751.00 301,646.00 149,423.00 -236,461.00 395,315.00 255,562.00 125,513.00 -228,365.00 354,739.00 233,657.00 116,259.00
Cost Of Revenue 139,950.00 93,765.00 48,311.00 -89,207.00 134,949.00 90,065.00 47,014.00 -82,964.00 124,498.00 81,939.00 42,182.00 -68,077.00 106,050.00 70,275.00 35,415.00 -65,318.00 98,386.00 64,990.00 33,242.00
Gross Profit 398,717.00 263,472.00 128,763.00 -223,885.00 359,104.00 236,343.00 115,258.00 -210,829.00 332,253.00 219,707.00 107,241.00 -168,384.00 289,265.00 185,287.00 90,098.00 -163,047.00 256,353.00 168,667.00 83,017.00
   Selling, General and Administrative Expenses 32,883.00 24,331.00 15,897.00 -22,880.00 30,632.00 21,402.00 11,781.00 -18,437.00 27,330.00 18,874.00 9,354.00 -16,976.00 25,217.00 16,990.00 8,741.00 -16,618.00 25,631.00 17,033.00 8,564.00
Net Non-Operating Income -109,324.00 -78,402.00 -30,854.00 3,421.00 38,275.00 -25,800.00 12,039.00 140,464.00 -33,500.00 -54,714.00 -38,045.00 111,341.00 99,406.00 -39,920.00 -19,195.00 39,104.00 63,816.00 65,634.00 43,845.00
Interest Expense 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
EBT 179,498.00 112,329.00 55,307.00 -122,216.00 227,292.00 122,417.00 70,275.00 -45,062.00 171,509.00 95,567.00 40,308.00 -27,571.00 203,831.00 76,718.00 37,055.00 -62,089.00 162,496.00 118,303.00 63,501.00
Income Tax 6,171.00 5,979.00 5,900.00 -1,615.00 4,906.00 1,605.00 1,179.00 -14,060.00 7,959.00 7,626.00 7,167.00 -25,174.00 24,339.00 24,108.00 90.00 1,125.00 2,179.00 1,420.00 155.00
Equity Method Investments Income 10,945.00 10,124.00 10,259.00 -6,016.00 6,719.00 5,444.00 2,980.00 -116,894.00 64,942.00 61,686.00 58,629.00 -257,358.00 250,658.00 250,609.00 -22.00 3,068.00 -154.00 -139.00 -73.00
Net Income Including Non-Controlling Interests 161,712.00 96,564.00 41,427.00 -119,051.00 218,129.00 118,982.00 68,006.00 -64,067.00 177,987.00 103,419.00 49,205.00 -78,388.00 248,415.00 124,699.00 36,222.00 -61,949.00 156,462.00 114,056.00 62,162.00
Net Income Non-Controlling Interests 11,974.00 9,837.00 8,119.00 -4,005.00 6,916.00 3,998.00 2,269.00 -15,377.00 12,347.00 9,998.00 8,189.00 -31,035.00 34,898.00 31,825.00 883.00 -1,387.00 3,642.00 2,649.00 1,403.00
Net Income 173,686.00 106,401.00 49,546.00 -123,056.00 225,045.00 122,980.00 70,275.00 -79,444.00 190,334.00 113,417.00 57,394.00 -109,423.00 283,313.00 156,524.00 37,105.00 -63,336.00 160,104.00 116,705.00 63,565.00
EBIT 179,498.00 112,329.00 55,307.00 -122,216.00 227,292.00 122,417.00 70,275.00 -45,062.00 171,509.00 95,567.00 40,308.00 -27,571.00 203,831.00 76,718.00 37,055.00 -62,089.00 162,496.00 118,303.00 63,501.00
Deprecation and Amortization 293,692.00 202,326.00 107,784.00 -186,308.00 262,962.00 182,268.00 93,664.00 -154,046.00 243,888.00 160,884.00 78,304.00 -142,506.00 226,130.00 148,042.00 72,978.00 -136,678.00 208,340.00 137,974.00 68,478.00
EBITDA 473,190.00 314,655.00 163,091.00 -308,524.00 490,254.00 304,685.00 163,939.00 -199,108.00 415,397.00 256,451.00 118,612.00 -170,077.00 429,961.00 224,760.00 110,033.00 -198,767.00 370,836.00 256,277.00 131,979.00
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
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
Average Shares Outstanding Basic 267,893.00 267,875.00 267,855.00 267,516.00 267,454.00 267,446.00 267,428.00 267,405.00 266,938.00 266,924.00 266,897.00 266,822.00 266,198.00 266,108.00 265,884.00 264,559.00 260,620.00 260,273.00 260,260.00
Average Shares Outstanding Diluted 268,465.00 268,486.00 268,608.00 268,023.00 267,800.00 267,752.00 267,793.00 267,734.00 267,539.00 267,557.00 267,530.00 267,543.00 266,673.00 266,540.00 266,380.00 265,191.00 261,203.00 260,848.00 260,806.00
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 678,511.00 429,281.00 177,151.00 -311,923.00 551,453.00 340,492.00 125,008.00 -253,783.00 480,872.00 312,221.00 70,318.00 -507,813.00 691,987.00 517,839.00 119,827.00 -178,781.00 392,915.00 236,986.00 82,805.00
   Operating Net Income 177,127.00 109,763.00 211,536.00 553,039.00 225,547.00 123,374.00 281,992.00 589,091.00 194,148.00 117,009.00 243,100.00 562,516.00 297,674.00 517,766.00 148,492.00 285,665.00 335,199.00 248,393.00 254,332.00
   Deprecation and Amortization 293,692.00 202,326.00 107,784.00 -186,308.00 262,962.00 182,268.00 93,664.00 -154,046.00 243,888.00 160,884.00 78,304.00 -142,506.00 226,130.00 148,042.00 72,978.00 -136,678.00 208,340.00 137,974.00 68,478.00
   Deferred Income Tax 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Share Based Compensation 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Change in Working Capital 87,191.00 21,581.00 30,375.00 -97,421.00 65,659.00 18,580.00 37,332.00 -96,283.00 33,284.00 14,641.00 44,250.00 -101,223.00 96,225.00 63,115.00 14,247.00 -12,277.00 38,327.00 6,802.00 -4,151.00
   Other Operating Activities 120,501.00 95,611.00 -172,544.00 -581,233.00 -2,715.00 16,270.00 -287,980.00 -592,545.00 9,552.00 19,687.00 -295,336.00 -826,600.00 71,958.00 -211,084.00 -115,890.00 -315,491.00 -188,951.00 -156,183.00 -235,854.00
Investing Cash Flow -360,944.00 -290,048.00 -213,348.00 26,795.00 -67,505.00 -71,879.00 -19,031.00 299,807.00 -322,880.00 -251,105.00 -104,128.00 493,294.00 -511,467.00 -407,915.00 -203,020.00 58,499.00 -291,602.00 -161,658.00 -22,062.00
   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 0 0 0 0 0 0 0 125,293.00 0 0 0 178,340.00 0 0 0 243,407.00 0 0 0
   Net Purchase/Sale of Investments Net -1,046.00 345.00 340.00 7,054.00 -4,317.00 -3,326.00 -4,172.00 -969.00 -2,780.00 -250.00 1,260.00 -8,413.00 4,036.00 3,405.00 2,580.00 -7,320.00 3,398.00 3,018.00 843.00
   Net Purchase/Sale of Business 4,367.00 3,928.00 2,491.00 -4,104.00 3,942.00 3,277.00 2,614.00 -6,656.00 10,060.00 5,972.00 2,973.00 -205.00 2,798.00 1,640.00 1,383.00 -1,833.00 1,321.00 1,321.00 741.00
   Other Investing Activities -364,265.00 -294,321.00 -216,179.00 23,845.00 -67,130.00 -71,830.00 -17,473.00 182,139.00 -330,160.00 -256,827.00 -108,361.00 323,572.00 -518,301.00 -412,960.00 -206,983.00 -175,755.00 -296,321.00 -165,997.00 -23,646.00
Financing Cash Flow 13,625.00 117,349.00 221,001.00 235,831.00 -393,753.00 -191,326.00 -76,866.00 -35,060.00 -16,844.00 35,949.00 -39,609.00 -616,845.00 517,057.00 450,897.00 257,943.00 331,311.00 -86,987.00 -147,758.00 -78,601.00
   Net Issuance/Repayment of Debt 2,426,000.00 1,949,760.00 700,000.00 -798,000.00 1,046,000.00 676,000.00 394,000.00 -510,000.00 848,000.00 554,000.00 292,000.00 -746,000.00 1,844,000.00 1,294,000.00 360,000.00 310,000.00 488,000.00 200,000.00 0
   Net Issuance/Repurchase of Equity 0 0 0 0 0 0 0 0 0 0 0 -76,938.00 38,469.00 38,469.00 38,469.00 378,272.00 59,008.00 0 0
   Dividends Paid 170,842.00 110,462.00 50,087.00 -86,438.00 143,395.00 93,305.00 43,220.00 -79,421.00 126,148.00 82,928.00 39,713.00 -72,403.00 115,619.00 75,911.00 36,206.00 -65,395.00 103,893.00 68,368.00 32,844.00
   Other Financing Activities -2,583,217.00 -1,942,873.00 -529,086.00 1,120,269.00 -1,583,148.00 -960,631.00 -514,086.00 554,361.00 -990,992.00 -600,979.00 -371,322.00 278,496.00 -1,481,031.00 -957,483.00 -176,732.00 -291,566.00 -737,888.00 -416,126.00 -111,445.00
Net Change in Cash -14,876.00 -16,733.00 -14,272.00 -11,251.00 11,345.00 2,704.00 5,040.00 140,031.00 -90,866.00 -77,020.00 -73,419.00 -69,035.00 93,055.00 76,453.00 -14,135.00 134,764.00 -138,638.00 -117,044.00 -19,960.00
   Cash at Beginning of Period 51,682.00 51,682.00 51,682.00 62,933.00 43,844.00 43,844.00 43,844.00 -96,187.00 145,118.00 145,118.00 145,118.00 214,153.00 58,780.00 58,780.00 58,780.00 -75,984.00 199,658.00 199,658.00 199,658.00
   Cash at End of Period 36,806.00 34,949.00 37,410.00 51,682.00 55,189.00 46,548.00 48,884.00 43,844.00 54,252.00 68,098.00 71,699.00 145,118.00 151,835.00 135,233.00 44,645.00 58,780.00 61,020.00 82,614.00 179,698.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0