Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 10.13 41.75 4.37 2.28 10.80
Price to Sales 0.42 0.42 0.36 0.26 0.22
Book Value Per Common Share 20.16 16.74 20.17 30.53 30.27
Price to Book 0.35 0.40 0.26 0.13 0.12
Price to Operating Cash Flow 34.47 5.27 2.59 -34.79 1.12
Price to Free Cash Flow
Enterprise Value to EBITDA 24613.70 28788.00 14881.38 9296.14 6251.29
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 16.48 31.12 54.54 9.93 12.33 20.74 9.61 9.26 38.62 4.07 5.43 13.03 2.57 4.64 8.97
Price to Sales 0.67 0.90 1.66 0.54 0.73 1.53 0.50 0.64 1.33 0.32 0.48 1.02 0.31 0.49 0.85
Book Value Per Common Share 21.88 21.35 20.94 20.16 19.40 19.49 18.21 16.74 17.79 15.97 15.26 20.17 18.47 23.27 28.25 30.53 30.07 29.85 29.11 30.27
Price to Book 0.41 0.36 0.34 0.35 0.35 0.31 0.35 0.40 0.33 0.31 0.33 0.26 0.19 0.15 0.13 0.13 0.12 0.13 0.11 0.12
Price to Operating Cash Flow 37.15 170.24 87.21 49.03 -26.56 -26.63 6.22 8.84 154.46 2.89 5.87 -15.75 -9.60 53.35 -3.99
Price to Free Cash Flow
Enterprise Value to EBITDA 44141.30 62322.74 115194.77 32327.40 41618.84 79634.89 29646.34 34192.89 94044.42 14924.46 21204.10 49197.30 13036.87 22274.36 42861.63

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 331.25 -86.78 -32.02 408.57
Revenue YoY -2.58 -0.25 -4.15 -9.54
EBITDA YoY 15.43 -41.08 -20.51 -27.69
Net Profit YoY -44.83 -11.00 -32.63 89.12
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 116.00 92.31 40.82 58.06 12.96 315.38 32.31 124.14 73.81 127.03
Revenue YoY 54.02 100.56 51.75 94.90 48.88 102.05 48.74 99.42 51.42 102.82
EBITDA YoY 57.98 100.78 44.13 77.46 31.04 162.69 39.48 115.82 64.27 126.46
Net Profit YoY 110.48 94.44 39.53 54.68 11.20 317.74 31.52 121.48 73.54 128.34

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 4.72 4.72 3.57 3.10 5.26
Quick Ratio
Current Ratio
Debt to Equity 0.40 0.41 0.39 0.16 0.36
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 4.99 4.32 4.52 4.86 4.71 4.39 4.41 4.96 4.19 4.50 3.56 3.63 3.08 3.39 2.54 3.09 3.82 4.37 3.88 5.25
Quick Ratio
Current Ratio
Debt to Equity 0.81 0.81 0.81 0.40 8.81 8.36 9.05 0.41 0.42 0.43 0.43 0.39 0.77 0.74 0.71 0.16 0.39 0.39 0.39 0.36
Long-Term Debt to Equity

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 0.11 0.19 0.22 0.15 0.14
ROE 0.15 0.27 0.31 0.17 0.19
Gross Margin -43.69 -119.15 -89.62 -87.49 -37.21
Operating Margin 11.36 8.91 17.30 21.21 28.09
EBITDA Margin 16.41 13.85 23.44 28.27 35.37
Net Profit Margin 4.10 7.24 8.11 11.54 5.52
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 0.13 0.06 0.03 0.33 0.25 0.16 0.11 0.10 0.02 0.25 0.18 0.08 0.25 0.14 0.06
ROE 0.23 0.11 0.06 3.24 2.30 1.57 0.16 0.14 0.03 0.44 0.32 0.13 0.34 0.20 0.09
Gross Margin -43.05 -46.09 -47.98 21.95 20.84 21.46 22.11 23.09 22.49 38.33 42.94 33.19 35.79 34.23 31.49
Operating Margin 9.66 9.16 9.18 11.43 12.14 14.32 10.94 13.05 8.79 14.22 15.53 14.06 17.31 16.07 14.31
EBITDA Margin 14.72 14.35 14.33 16.47 17.34 19.05 16.05 18.23 14.02 21.03 22.42 20.72 23.98 22.11 19.80
Net Profit Margin 4.01 2.93 3.02 5.44 5.92 7.46 5.16 6.91 3.34 7.73 8.75 7.88 12.16 10.61 9.42

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 272,330,000.00 282,641,000.00 271,573,000.00 612,381,000.00 336,575,000.00
      Cash and Short-Term Investments 2,048,000.00 2,215,000.00 1,799,000.00 1,571,000.00 2,656,000.00
            Cash and Cash Equivalents 2,048,000.00 2,215,000.00 1,799,000.00 1,571,000.00 2,656,000.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 90,914,000.00 96,253,000.00 99,091,000.00 96,653,000.00 95,507,000.00
      Inventory 0 0 0 0 0
      Other Current Assets 0 0 0 0 0
      Property, Plant, Equipment Net 0 0 0 0 0
      Goodwill 0 0 0 0 0
      Intangible Assets 197,000.00 198,000.00 241,000.00 143,000.00 3,000,000.00
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 1,718,000.00 1,952,000.00 1,344,000.00 119,000.00 107,000.00
      Other Non-Current Assets 0 0 0 0 0
Liabilities 77,559,000.00 82,525,000.00 75,736,000.00 82,921,000.00 89,982,000.00
      Payables and Expenses 57,000.00 43,000.00 0 2,000.00 8,000.00
            Account Payables 0 0 0 0 0
            Current Accrued Liabilities 57,000.00 43,000.00 0 2,000.00 8,000.00
      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 194,771,000.00 200,116,000.00 195,837,000.00 529,460,000.00 246,593,000.00
   Shareholders Equity 8,494,000.00 7,480,000.00 9,984,000.00 15,510,000.00 15,318,000.00
      Capital Stock 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
      Share Premium 11,875,000.00 11,884,000.00 11,869,000.00 11,858,000.00 12,008,000.00
      Retained Earnings 1,511,000.00 1,213,000.00 3,098,000.00 2,490,000.00 1,584,000.00
      Treasury Shares 3,251,000.00 3,063,000.00 2,764,000.00 2,700,000.00 2,700,000.00
      Accumulated Other Comprehensive Income -4,926,000.00 -7,665,000.00 -6,660,000.00 11,583,000.00 13,275,000.00
   Minority Interest 937,000.00 855,000.00 755,000.00 756,000.00 502,000.00
Investments 605,173,000.00 632,838,000.00 550,025,000.00 667,966,000.00 646,821,000.00
Debt 7,426,000.00 7,578,000.00 7,525,000.00 9,231,000.00 17,314,000.00
Net Debt 5,378,000.00 5,363,000.00 5,726,000.00 7,660,000.00 14,658,000.00
Common Shares Outstanding 421,419.48 446,823.20 495,000.00 508,000.00 506,000.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 7,295,000.00 7,488,000.00 7,507,000.00 7,832,000.00 8,658,000.00
   Net Premiums 10,440,000.00 10,908,000.00 11,157,000.00 10,356,000.00 4,110,000.00
Cost Of Revenue 10,482,000.00 16,410,000.00 14,235,000.00 14,684,000.00 11,880,000.00
Gross Profit -3,187,000.00 -8,922,000.00 -6,728,000.00 -6,852,000.00 -3,222,000.00
Operating Expenses 0 -8,963,000.00 -7,361,000.00 -7,617,000.00 -3,539,000.00
   Selling, General and Administrative Expenses 1,011,000.00 2,861,000.00 4,144,000.00 3,701,000.00 2,007,000.00
   Other Operating Expenses 0 -11,824,000.00 -11,505,000.00 -11,318,000.00 -5,546,000.00
Operating Income 0 41,000.00 633,000.00 765,000.00 317,000.00
Net Non-Operating Income 0 262,000.00 345,000.00 416,000.00 1,710,000.00
Interest Expense 234,000.00 364,000.00 321,000.00 480,000.00 405,000.00
EBT 595,000.00 303,000.00 978,000.00 1,181,000.00 2,027,000.00
Income Tax 367,000.00 414,000.00 778,000.00 878,000.00 711,000.00
Net Income Including Non-Controlling Interests 171,000.00 419,000.00 479,000.00 863,000.00 444,000.00
Net Income Non-Controlling Interests 128,000.00 123,000.00 130,000.00 41,000.00 34,000.00
Net Income 299,000.00 542,000.00 609,000.00 904,000.00 478,000.00
EBIT 829,000.00 667,000.00 1,299,000.00 1,661,000.00 2,432,000.00
Deprecation and Amortization 368,000.00 370,000.00 461,000.00 553,000.00 630,000.00
EBITDA 1,197,000.00 1,037,000.00 1,760,000.00 2,214,000.00 3,062,000.00
EPS 0.00 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 433,900.00 468,800.00 504,500.00 506,900.00 505,200.00
Average Shares Outstanding Diluted 439,400.00 474,900.00 511,000.00 514,700.00 511,600.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 88,000.00 594,000.00 1,030,000.00 -59,000.00 1,708,000.00
   Operating Net Income 1,452,000.00 1,147,000.00 4,913,000.00 6,533,000.00 1,471,000.00
   Deprecation and Amortization 368,000.00 370,000.00 461,000.00 553,000.00 630,000.00
   Deferred Income Tax -109,000.00 44,000.00 229,000.00 290,000.00 267,000.00
   Share Based Compensation 115,000.00 117,000.00 91,000.00 134,000.00 137,000.00
   Change in Working Capital 78,000.00 131,000.00 304,000.00 388,000.00 1,182,000.00
   Other Operating Activities -1,816,000.00 -1,215,000.00 -4,968,000.00 -7,957,000.00 -1,979,000.00
Investing Cash Flow 854,000.00 1,258,000.00 730,000.00 827,000.00 -1,165,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 0 0 0 0 0
   Net Purchase/Sale of Investments Net 3,342,000.00 3,269,000.00 3,535,000.00 7,457,000.00 8,665,000.00
   Net Purchase/Sale of Business 0 0 0 270,000.00 0
   Other Investing Activities -2,488,000.00 -2,011,000.00 -2,805,000.00 -6,900,000.00 -9,830,000.00
Financing Cash Flow -1,137,000.00 -1,445,000.00 -1,563,000.00 -2,412,000.00 -1,512,000.00
   Net Issuance/Repayment of Debt 1,574,000.00 32,000.00 297,000.00 1,541,000.00 1,293,000.00
   Net Issuance/Repurchase of Equity 189,000.00 296,000.00 64,000.00 0 0
   Dividends Paid 21,000.00 39,000.00 138,000.00 37,000.00 9,000.00
   Other Financing Activities -2,921,000.00 -1,812,000.00 -2,062,000.00 -3,990,000.00 -2,814,000.00
Net Change in Cash -167,000.00 416,000.00 228,000.00 -1,085,000.00 -685,000.00
   Cash at Beginning of Period 2,215,000.00 1,799,000.00 1,571,000.00 2,656,000.00 3,341,000.00
   Cash at End of Period 2,048,000.00 2,215,000.00 1,799,000.00 1,571,000.00 2,656,000.00
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 175,362,000.00 173,193,000.00 173,061,000.00 272,330,000.00 90,760,000.00 87,543,000.00 89,192,000.00 282,641,000.00 258,952,000.00 271,986,000.00 275,869,000.00 271,573,000.00 173,978,000.00 180,172,000.00 188,910,000.00 612,381,000.00 301,185,000.00 303,256,000.00 296,802,000.00 336,575,000.00
      Cash and Short-Term Investments 2,062,000.00 1,797,000.00 1,891,000.00 2,048,000.00 2,057,000.00 1,932,000.00 1,952,000.00 2,215,000.00 1,993,000.00 2,173,000.00 1,752,000.00 1,799,000.00 1,561,000.00 1,724,000.00 1,291,000.00 1,571,000.00 1,937,000.00 2,214,000.00 1,964,000.00 2,656,000.00
            Cash and Cash Equivalents 2,036,000.00 1,797,000.00 1,891,000.00 2,048,000.00 2,057,000.00 1,932,000.00 1,952,000.00 2,215,000.00 1,993,000.00 2,173,000.00 1,752,000.00 1,799,000.00 1,561,000.00 1,724,000.00 1,291,000.00 1,571,000.00 1,937,000.00 2,214,000.00 1,964,000.00 2,656,000.00
            Short-Term Investments 26,000.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 589,000.00 90,023,000.00 89,630,000.00 90,914,000.00 92,583,000.00 94,248,000.00 95,179,000.00 96,253,000.00 96,072,000.00 96,823,000.00 97,510,000.00 99,091,000.00 99,820,000.00 99,785,000.00 97,828,000.00 96,653,000.00 97,450,000.00 97,341,000.00 95,722,000.00 95,507,000.00
      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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 184,000.00 185,000.00 193,000.00 197,000.00 197,000.00 197,000.00 197,000.00 198,000.00 199,000.00 201,000.00 203,000.00 241,000.00 237,000.00 236,000.00 159,000.00 143,000.00 147,000.00 151,000.00 155,000.00 3,000,000.00
      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 1,788,000.00 1,680,000.00 1,663,000.00 1,718,000.00 1,846,000.00 1,784,000.00 1,839,000.00 1,952,000.00 1,580,000.00 1,954,000.00 2,004,000.00 1,344,000.00 1,533,000.00 1,047,000.00 421,000.00 119,000.00 209,000.00 211,000.00 314,000.00 107,000.00
      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 78,665,000.00 77,557,000.00 77,575,000.00 77,559,000.00 81,505,000.00 78,190,000.00 80,313,000.00 82,525,000.00 76,588,000.00 81,577,000.00 82,953,000.00 75,736,000.00 75,890,000.00 76,497,000.00 78,335,000.00 82,921,000.00 83,823,000.00 85,486,000.00 83,800,000.00 89,982,000.00
      Payables and Expenses 0 0 0 57,000.00 0 0 0 43,000.00 0 0 0 0 0 0 0 2,000.00 0 0 0 8,000.00
            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 57,000.00 0 0 0 43,000.00 0 0 0 0 0 0 0 2,000.00 0 0 0 8,000.00
      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 96,697,000.00 95,636,000.00 95,486,000.00 194,771,000.00 9,255,000.00 9,353,000.00 8,879,000.00 200,116,000.00 182,364,000.00 190,409,000.00 192,916,000.00 195,837,000.00 98,088,000.00 103,675,000.00 110,575,000.00 529,460,000.00 217,362,000.00 217,770,000.00 213,002,000.00 246,593,000.00
   Shareholders Equity 8,812,000.00 8,788,000.00 8,710,000.00 8,494,000.00 8,311,000.00 8,459,000.00 8,006,000.00 7,480,000.00 8,056,000.00 7,460,000.00 7,432,000.00 9,984,000.00 9,291,000.00 11,820,000.00 14,407,000.00 15,510,000.00 15,276,000.00 15,164,000.00 14,758,000.00 15,318,000.00
      Capital Stock 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
      Share Premium 11,879,000.00 11,871,000.00 11,862,000.00 11,875,000.00 11,868,000.00 11,880,000.00 11,873,000.00 11,884,000.00 11,877,000.00 11,869,000.00 11,863,000.00 11,869,000.00 11,865,000.00 11,859,000.00 11,857,000.00 11,858,000.00 11,850,000.00 12,018,000.00 12,011,000.00 12,008,000.00
      Retained Earnings 1,731,000.00 1,615,000.00 1,565,000.00 1,511,000.00 1,512,000.00 1,428,000.00 1,352,000.00 1,213,000.00 1,426,000.00 1,398,000.00 1,259,000.00 3,098,000.00 2,924,000.00 2,820,000.00 2,639,000.00 2,490,000.00 2,325,000.00 2,011,000.00 1,771,000.00 1,584,000.00
      Treasury Shares 3,404,000.00 3,327,000.00 3,297,000.00 3,251,000.00 3,199,000.00 3,163,000.00 3,126,000.00 3,063,000.00 3,028,000.00 2,947,000.00 2,833,000.00 2,764,000.00 2,734,000.00 2,715,000.00 2,700,000.00 2,700,000.00 2,700,000.00 2,700,000.00 2,700,000.00 2,700,000.00
      Accumulated Other Comprehensive Income -1,395,000.00 -1,372,000.00 -1,421,000.00 -4,926,000.00 -3,742,000.00 -3,374,000.00 -4,188,000.00 -7,665,000.00 -4,440,000.00 -5,722,000.00 -5,716,000.00 -6,660,000.00 -5,530,000.00 -290,000.00 2,610,000.00 11,583,000.00 3,800,000.00 3,834,000.00 3,675,000.00 13,275,000.00
   Minority Interest 1,009,000.00 991,000.00 971,000.00 937,000.00 944,000.00 894,000.00 873,000.00 855,000.00 822,000.00 807,000.00 793,000.00 755,000.00 758,000.00 751,000.00 745,000.00 756,000.00 776,000.00 0 500,000.00 502,000.00
Investments 88,287,000.00 611,782,000.00 610,889,000.00 605,173,000.00 633,838,000.00 613,725,000.00 623,770,000.00 632,838,000.00 602,063,000.00 543,581,000.00 555,361,000.00 550,025,000.00 547,179,000.00 573,793,000.00 621,483,000.00 667,966,000.00 617,386,000.00 619,608,000.00 603,332,000.00 646,821,000.00
Debt 6,014,000.00 5,980,000.00 5,906,000.00 7,426,000.00 7,592,000.00 7,568,000.00 6,080,000.00 7,578,000.00 5,922,000.00 5,918,000.00 5,902,000.00 7,525,000.00 7,418,000.00 7,991,000.00 8,631,000.00 9,231,000.00 11,838,000.00 14,398,000.00 14,186,000.00 17,314,000.00
Net Debt 3,952,000.00 4,183,000.00 4,015,000.00 5,378,000.00 5,535,000.00 5,636,000.00 4,128,000.00 5,363,000.00 3,929,000.00 3,745,000.00 4,150,000.00 5,726,000.00 5,857,000.00 6,267,000.00 7,340,000.00 7,660,000.00 9,901,000.00 12,184,000.00 12,222,000.00 14,658,000.00
Common Shares Outstanding 402,682.97 411,692.85 415,879.36 421,419.48 428,434.17 434,010.51 439,599.68 446,823.20 452,722.55 467,000.00 487,000.00 495,000.00 503,000.00 508,000.00 510,000.00 508,000.00 508,000.00 508,000.00 507,000.00 506,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Revenues 5,517,000.00 3,582,000.00 1,786,000.00 -3,715,000.00 5,513,000.00 3,633,000.00 1,864,000.00 -3,689,000.00 5,577,000.00 3,746,000.00 1,854,000.00 -3,770,000.00 5,612,000.00 3,773,000.00 1,892,000.00 -4,275,000.00 6,096,000.00 4,026,000.00 1,985,000.00
   Net Premiums 5,219,000.00 3,449,000.00 1,722,000.00 5,231,000.00 2,604,000.00 1,730,000.00 875,000.00 5,444,000.00 2,732,000.00 1,817,000.00 915,000.00 5,576,000.00 2,792,000.00 1,858,000.00 931,000.00 4,461,000.00 2,910,000.00 1,966,000.00 1,019,000.00
Cost Of Revenue 7,892,000.00 5,233,000.00 2,643,000.00 1,839,000.00 4,303,000.00 2,876,000.00 1,464,000.00 7,748,000.00 4,344,000.00 2,881,000.00 1,437,000.00 7,357,000.00 3,461,000.00 2,153,000.00 1,264,000.00 6,762,000.00 3,914,000.00 2,648,000.00 1,360,000.00
Gross Profit -2,375,000.00 -1,651,000.00 -857,000.00 -5,554,000.00 1,210,000.00 757,000.00 400,000.00 -11,437,000.00 1,233,000.00 865,000.00 417,000.00 -11,127,000.00 2,151,000.00 1,620,000.00 628,000.00 -11,037,000.00 2,182,000.00 1,378,000.00 625,000.00
Operating Expenses 0 -1,770,000.00 -908,000.00 0 952,000.00 547,000.00 315,000.00 -10,894,000.00 962,000.00 636,000.00 333,000.00 -10,856,000.00 1,685,000.00 1,313,000.00 497,000.00 -10,671,000.00 1,581,000.00 1,016,000.00 457,000.00
   Selling, General and Administrative Expenses 744,000.00 485,000.00 236,000.00 -414,000.00 724,000.00 465,000.00 236,000.00 1,418,000.00 694,000.00 466,000.00 283,000.00 1,913,000.00 1,100,000.00 860,000.00 271,000.00 1,957,000.00 876,000.00 586,000.00 282,000.00
   Other Operating Expenses 0 -2,255,000.00 -1,144,000.00 0 228,000.00 82,000.00 79,000.00 -12,312,000.00 268,000.00 170,000.00 50,000.00 -12,769,000.00 585,000.00 453,000.00 226,000.00 -12,628,000.00 705,000.00 430,000.00 175,000.00
Operating Income 0 119,000.00 51,000.00 0 258,000.00 210,000.00 85,000.00 -543,000.00 271,000.00 229,000.00 84,000.00 -271,000.00 466,000.00 307,000.00 131,000.00 -366,000.00 601,000.00 362,000.00 168,000.00
Net Non-Operating Income 0 132,000.00 75,000.00 0 282,000.00 169,000.00 151,000.00 -237,000.00 249,000.00 201,000.00 49,000.00 -240,000.00 252,000.00 225,000.00 108,000.00 -165,000.00 325,000.00 191,000.00 65,000.00
Interest Expense 118,000.00 77,000.00 38,000.00 51,000.00 90,000.00 62,000.00 31,000.00 185,000.00 90,000.00 59,000.00 30,000.00 160,000.00 80,000.00 54,000.00 27,000.00 206,000.00 129,000.00 94,000.00 51,000.00
EBT 415,000.00 251,000.00 126,000.00 -560,000.00 540,000.00 379,000.00 236,000.00 -780,000.00 520,000.00 430,000.00 133,000.00 -511,000.00 718,000.00 532,000.00 239,000.00 -531,000.00 926,000.00 553,000.00 233,000.00
Income Tax 237,000.00 181,000.00 91,000.00 -28,000.00 187,000.00 127,000.00 81,000.00 27,000.00 188,000.00 142,000.00 57,000.00 300,000.00 235,000.00 167,000.00 76,000.00 367,000.00 262,000.00 171,000.00 78,000.00
Net Income Including Non-Controlling Interests 127,000.00 42,000.00 23,000.00 -292,000.00 203,000.00 151,000.00 109,000.00 -1,000.00 194,000.00 196,000.00 30,000.00 -233,000.00 331,000.00 262,000.00 119,000.00 -464,000.00 729,000.00 419,000.00 179,000.00
Net Income Non-Controlling Interests 94,000.00 63,000.00 31,000.00 -63,000.00 97,000.00 64,000.00 30,000.00 -66,000.00 94,000.00 63,000.00 32,000.00 -71,000.00 103,000.00 68,000.00 30,000.00 13,000.00 12,000.00 8,000.00 8,000.00
Net Income 221,000.00 105,000.00 54,000.00 -355,000.00 300,000.00 215,000.00 139,000.00 -67,000.00 288,000.00 259,000.00 62,000.00 -304,000.00 434,000.00 330,000.00 149,000.00 -451,000.00 741,000.00 427,000.00 187,000.00
EBIT 533,000.00 328,000.00 164,000.00 -509,000.00 630,000.00 441,000.00 267,000.00 -595,000.00 610,000.00 489,000.00 163,000.00 -351,000.00 798,000.00 586,000.00 266,000.00 -325,000.00 1,055,000.00 647,000.00 284,000.00
Deprecation and Amortization 279,000.00 186,000.00 92,000.00 -187,000.00 278,000.00 189,000.00 88,000.00 -206,000.00 285,000.00 194,000.00 97,000.00 -307,000.00 382,000.00 260,000.00 126,000.00 -206,000.00 407,000.00 243,000.00 109,000.00
EBITDA 812,000.00 514,000.00 256,000.00 -696,000.00 908,000.00 630,000.00 355,000.00 -801,000.00 895,000.00 683,000.00 260,000.00 -658,000.00 1,180,000.00 846,000.00 392,000.00 -531,000.00 1,462,000.00 890,000.00 393,000.00
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 413,200.00 415,700.00 418,300.00 416,200.00 436,700.00 439,700.00 443,000.00 424,900.00 475,300.00 482,700.00 492,300.00 494,000.00 507,100.00 508,600.00 508,300.00 508,300.00 506,800.00 506,500.00 506,000.00
Average Shares Outstanding Diluted 417,900.00 420,200.00 422,900.00 419,500.00 442,300.00 445,500.00 450,300.00 429,000.00 481,400.00 489,100.00 500,100.00 497,100.00 513,700.00 515,800.00 517,400.00 516,200.00 514,400.00 514,400.00 513,800.00
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 99,000.00 19,000.00 34,000.00 234,000.00 61,000.00 -100,000.00 -107,000.00 -143,000.00 448,000.00 273,000.00 16,000.00 232,000.00 614,000.00 306,000.00 -122,000.00 523,000.00 -198,000.00 37,000.00 -421,000.00
   Operating Net Income 851,000.00 441,000.00 224,000.00 -892,000.00 1,094,000.00 773,000.00 477,000.00 -1,856,000.00 1,434,000.00 1,225,000.00 344,000.00 1,772,000.00 1,508,000.00 1,126,000.00 507,000.00 1,782,000.00 2,247,000.00 1,732,000.00 772,000.00
   Deprecation and Amortization 279,000.00 186,000.00 92,000.00 -187,000.00 278,000.00 189,000.00 88,000.00 -206,000.00 285,000.00 194,000.00 97,000.00 -307,000.00 382,000.00 260,000.00 126,000.00 -206,000.00 407,000.00 243,000.00 109,000.00
   Deferred Income Tax -29,000.00 -20,000.00 2,000.00 -1,000.00 -57,000.00 -50,000.00 -1,000.00 -235,000.00 135,000.00 107,000.00 37,000.00 -139,000.00 183,000.00 128,000.00 57,000.00 -103,000.00 202,000.00 132,000.00 59,000.00
   Share Based Compensation 42,000.00 25,000.00 11,000.00 39,000.00 37,000.00 25,000.00 14,000.00 40,000.00 37,000.00 25,000.00 15,000.00 32,000.00 29,000.00 20,000.00 10,000.00 66,000.00 32,000.00 25,000.00 11,000.00
   Change in Working Capital 38,000.00 19,000.00 22,000.00 -113,000.00 105,000.00 73,000.00 13,000.00 377,000.00 -47,000.00 -99,000.00 -100,000.00 732,000.00 -47,000.00 -135,000.00 -246,000.00 483,000.00 165,000.00 5,000.00 -265,000.00
   Other Operating Activities -1,082,000.00 -632,000.00 -317,000.00 1,388,000.00 -1,396,000.00 -1,110,000.00 -698,000.00 1,737,000.00 -1,396,000.00 -1,179,000.00 -377,000.00 -1,858,000.00 -1,441,000.00 -1,093,000.00 -576,000.00 -1,499,000.00 -3,251,000.00 -2,100,000.00 -1,107,000.00
Investing Cash Flow 468,000.00 160,000.00 -14,000.00 -331,000.00 641,000.00 401,000.00 143,000.00 -936,000.00 913,000.00 917,000.00 364,000.00 -395,000.00 452,000.00 535,000.00 138,000.00 -317,000.00 402,000.00 474,000.00 268,000.00
   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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Investments Net 2,509,000.00 1,603,000.00 805,000.00 -1,740,000.00 2,486,000.00 1,746,000.00 850,000.00 -1,319,000.00 2,248,000.00 1,532,000.00 808,000.00 -2,065,000.00 2,791,000.00 1,891,000.00 918,000.00 -3,826,000.00 5,467,000.00 3,873,000.00 1,943,000.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -540,000.00 270,000.00 270,000.00 270,000.00
   Other Investing Activities -2,041,000.00 -1,443,000.00 -819,000.00 1,409,000.00 -1,845,000.00 -1,345,000.00 -707,000.00 383,000.00 -1,335,000.00 -615,000.00 -444,000.00 1,670,000.00 -2,339,000.00 -1,356,000.00 -780,000.00 4,049,000.00 -5,335,000.00 -3,669,000.00 -1,945,000.00
Financing Cash Flow -607,000.00 -451,000.00 -177,000.00 606,000.00 -860,000.00 -584,000.00 -299,000.00 971,000.00 -1,170,000.00 -818,000.00 -428,000.00 589,000.00 -1,107,000.00 -719,000.00 -326,000.00 1,059,000.00 -1,478,000.00 -1,213,000.00 -780,000.00
   Net Issuance/Repayment of Debt 0 0 0 -1,501,000.00 1,543,000.00 1,526,000.00 6,000.00 -1,000.00 11,000.00 11,000.00 11,000.00 -199,000.00 284,000.00 130,000.00 82,000.00 -416,000.00 1,003,000.00 484,000.00 470,000.00
   Net Issuance/Repurchase of Equity 151,000.00 77,000.00 45,000.00 -108,000.00 135,000.00 99,000.00 63,000.00 -214,000.00 261,000.00 181,000.00 68,000.00 15,000.00 34,000.00 15,000.00 0 0 0 0 0
   Dividends Paid 17,000.00 11,000.00 5,000.00 -9,000.00 15,000.00 10,000.00 5,000.00 12,000.00 14,000.00 9,000.00 4,000.00 126,000.00 8,000.00 4,000.00 0 37,000.00 0 0 0
   Other Financing Activities -775,000.00 -539,000.00 -227,000.00 2,224,000.00 -2,553,000.00 -2,219,000.00 -373,000.00 1,174,000.00 -1,456,000.00 -1,019,000.00 -511,000.00 647,000.00 -1,433,000.00 -868,000.00 -408,000.00 1,438,000.00 -2,481,000.00 -1,697,000.00 -1,250,000.00
Net Change in Cash -12,000.00 -251,000.00 -157,000.00 537,000.00 -158,000.00 -283,000.00 -263,000.00 -105,000.00 194,000.00 374,000.00 -47,000.00 365,000.00 -10,000.00 153,000.00 -280,000.00 768,000.00 -719,000.00 -442,000.00 -692,000.00
   Cash at Beginning of Period 2,048,000.00 2,048,000.00 2,048,000.00 1,511,000.00 2,215,000.00 2,215,000.00 2,215,000.00 2,320,000.00 1,799,000.00 1,799,000.00 1,799,000.00 1,434,000.00 1,571,000.00 1,571,000.00 1,571,000.00 803,000.00 2,656,000.00 2,656,000.00 2,656,000.00
   Cash at End of Period 2,036,000.00 1,797,000.00 1,891,000.00 2,048,000.00 2,057,000.00 1,932,000.00 1,952,000.00 2,215,000.00 1,993,000.00 2,173,000.00 1,752,000.00 1,799,000.00 1,561,000.00 1,724,000.00 1,291,000.00 1,571,000.00 1,937,000.00 2,214,000.00 1,964,000.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0