Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 13.48 14.06 12.35 11.94 14.82
Price to Sales 1.10 1.13 1.16 1.41 1.08
Book Value Per Common Share -10.00 -6.68 -9.98 -3.05 1.69
Price to Book -30.02 -40.52 -24.05 -84.12 97.59
Price to Operating Cash Flow 7.38 7.82 8.18 9.27 6.03
Price to Free Cash Flow
Enterprise Value to EBITDA 36567.36 56504.75 50085.47 55070.57 57344.66
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 20.82 28.53 53.00 24.53 27.67 55.50 18.55 32.74 53.59 15.15 20.60 59.53 15.49 23.98 44.74
Price to Sales 1.82 2.52 4.66 2.03 2.42 5.09 1.41 2.66 4.68 1.21 1.68 5.07 1.82 2.42 4.56
Book Value Per Common Share -23.21 -18.61 -14.48 -10.00 -8.57 -6.17 -6.14 -6.68 -9.21 -8.44 -9.04 -9.98 -11.87 -12.82 -6.80 -3.05 -2.22 -1.84 0.74 1.69
Price to Book -18.36 -20.59 -23.86 -30.02 -47.41 -52.06 -54.36 -40.52 -26.71 -35.97 -29.16 -24.05 -15.48 -13.11 -36.86 -84.12 -109.49 -112.55 254.44 97.59
Price to Operating Cash Flow 9.94 15.89 51.68 13.32 19.02 35.72 9.98 19.56 40.50 9.00 16.80 56.36 12.22 16.25 32.03
Price to Free Cash Flow
Enterprise Value to EBITDA 58759.91 82052.67 153937.98 99670.32 117048.97 247029.96 72740.32 133301.09 230484.02 59399.50 81953.69 253670.63 72197.92 106466.93 205811.94

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 15.69 -0.93 -9.71 93.87
Revenue YoY 8.67 7.86 2.52 14.01
EBITDA YoY 61.31 -4.28 -6.75 46.40
Net Profit YoY 9.88 -7.11 -18.88 85.30
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 52.42 105.98 42.72 93.18 43.04 88.41 48.65 93.82 81.79 104.75
Revenue YoY 51.89 101.55 50.21 100.88 51.55 101.73 50.30 99.16 53.77 103.28
EBITDA YoY 51.21 102.16 45.85 100.23 46.38 96.83 49.25 99.26 68.13 105.27
Net Profit YoY 50.35 102.67 41.61 91.83 42.21 87.53 46.71 90.73 78.98 101.90

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 7.47 3.43 3.13 4.81 5.30
Quick Ratio 0.84 0.86 0.99 1.01 1.02
Current Ratio 1.08 1.18 1.38 1.41 1.42
Debt to Equity 106.23 52.03 -360.16 33.08 15.42
Long-Term Debt to Equity 78.88 40.09 -292.34 26.64 12.41
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 2020-12-31
Cash Per Common Share 4.16 3.86 4.29 7.73 11.07 3.16 4.86 3.52 3.25 3.13 3.04 3.27 3.81 2.88 7.84 5.09 3.13 3.36 3.05 5.28
Quick Ratio 0.64 0.72 0.89 0.84 0.86 0.77 0.86 0.86 0.81 0.83 0.86 0.99 0.99 1.05 1.04 1.01 0.98 1.02 0.98 1.02
Current Ratio 0.85 0.98 1.19 1.08 1.12 1.06 1.16 1.18 1.15 1.20 1.23 1.38 1.38 1.55 1.43 1.41 1.38 1.45 1.39 1.42
Debt to Equity -14.84 -25.05 -69.26 106.23 74.65 41.85 43.85 52.03 151.91 115.26 226.20 -360.16 -34.09 -23.58 125.11 33.08 26.16 25.91 18.05 15.42
Long-Term Debt to Equity -10.69 -18.61 -53.70 78.88 55.69 31.17 33.50 40.09 117.16 90.21 178.67 -292.34 -27.80 -19.64 99.70 26.64 20.88 21.09 14.57 12.41

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 9.68 9.33 10.76 13.71 7.90
ROE 1037.84 494.53 -3865.07 467.16 129.81
Gross Margin
Operating Margin 14.99 14.84 17.14 19.40 13.61
EBITDA Margin 29.06 19.58 22.06 24.26 18.89
Net Profit Margin 8.16 8.07 9.37 11.84 7.28
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 8.21 5.48 2.69 7.27 5.32 2.79 6.66 4.77 2.59 6.92 4.71 2.44 10.37 5.97 3.01
ROE -113.62 -131.79 -183.79 549.87 227.93 125.28 1018.21 554.45 587.50 -228.92 -106.30 307.49 281.75 160.50 57.33
Gross Margin
Operating Margin 15.75 15.86 15.69 15.14 15.80 15.91 14.28 14.93 15.40 14.68 14.84 14.87 19.26 17.11 16.86
EBITDA Margin 29.73 29.86 29.77 19.84 20.43 20.50 19.08 19.76 20.25 19.64 19.77 19.77 24.13 22.06 21.85
Net Profit Margin 8.75 8.84 8.79 8.26 8.76 9.18 7.63 8.13 8.74 7.96 8.16 8.52 11.77 10.11 10.18

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 59,513,000.00 56,211,000.00 52,438,000.00 50,742,000.00 47,490,000.00
   Current Assets 16,414,000.00 14,927,000.00 13,643,000.00 13,542,000.00 12,333,000.00
      Cash and Short-Term Investments 1,933,000.00 935,000.00 908,000.00 1,554,000.00 1,793,000.00
            Cash and Cash Equivalents 1,933,000.00 935,000.00 908,000.00 1,451,000.00 1,793,000.00
            Short-Term Investments 0 0 0 103,000.00 0
      Net Receivables 10,751,000.00 9,958,000.00 8,891,000.00 8,095,000.00 7,051,000.00
      Inventory 1,738,000.00 2,021,000.00 2,068,000.00 1,986,000.00 2,025,000.00
      Other Current Assets 1,992,000.00 2,013,000.00 1,776,000.00 1,907,000.00 1,464,000.00
   Non-Current Assets 43,099,000.00 41,284,000.00 38,795,000.00 37,200,000.00 35,157,000.00
      Property, Plant, Equipment Net 189,673,000.00 177,851,000.00 166,336,000.00 156,163,000.00 149,975,000.00
      Goodwill 0 0 0 0 0
      Intangible Assets 244,000.00 228,000.00 208,000.00 175,000.00 149,000.00
      Long-Term Investments 1,231,000.00 1,233,000.00 1,581,000.00 1,324,000.00 422,000.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets -148,049,000.00 -138,028,000.00 -129,330,000.00 -120,462,000.00 -115,389,000.00
Liabilities 58,958,000.00 55,151,000.00 52,584,000.00 49,253,000.00 44,598,000.00
   Current Liabilities 15,177,000.00 12,655,000.00 9,902,000.00 9,582,000.00 8,704,000.00
      Payables and Expenses 10,479,000.00 10,231,000.00 9,532,000.00 9,345,000.00 8,495,000.00
            Account Payables 4,276,000.00 4,233,000.00 4,239,000.00 4,111,000.00 3,535,000.00
            Current Accrued Liabilities 6,203,000.00 5,998,000.00 5,293,000.00 5,234,000.00 4,960,000.00
      Short-Term Debt 4,698,000.00 2,424,000.00 370,000.00 237,000.00 209,000.00
      Other Current Liabilities 0.00 0.00 0.00 0.00 0.00
   Non-Current Liabilities 43,781,000.00 42,496,000.00 42,682,000.00 39,671,000.00 35,894,000.00
      Long-Term Debt 40,196,000.00 39,072,000.00 39,466,000.00 36,097,000.00 32,468,000.00
      Other Non-Current Liabilities 3,585,000.00 3,424,000.00 3,216,000.00 3,574,000.00 3,426,000.00
Equity 555,000.00 1,060,000.00 -146,000.00 1,489,000.00 2,892,000.00
   Shareholders Equity -2,499,000.00 -1,774,000.00 -2,767,000.00 -933,000.00 572,000.00
      Capital Stock 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00
      Share Premium 0 0 0 0 294,000.00
      Retained Earnings -2,115,000.00 -1,352,000.00 -2,280,000.00 -532,000.00 777,000.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -387,000.00 -425,000.00 -490,000.00 -404,000.00 -502,000.00
   Minority Interest 3,054,000.00 2,834,000.00 2,694,000.00 2,422,000.00 2,320,000.00
Investments 1,231,000.00 1,233,000.00 1,581,000.00 1,324,000.00 422,000.00
Debt 44,894,000.00 41,496,000.00 39,836,000.00 36,334,000.00 32,677,000.00
Net Debt 42,961,000.00 40,561,000.00 38,928,000.00 34,780,000.00 30,884,000.00
Common Shares Outstanding 249,981.40 265,537.30 277,378.30 305,476.80 339,425.60
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 70,603,000.00 64,968,000.00 60,233,000.00 58,752,000.00 51,533,000.00
   Selling, General and Administrative Expenses 21,155,000.00 9,902,000.00 9,371,000.00 9,481,000.00 8,369,000.00
Interest Expense 2,061,000.00 1,938,000.00 1,741,000.00 1,566,000.00 1,584,000.00
EBT 8,523,000.00 7,706,000.00 8,580,000.00 9,833,000.00 5,430,000.00
Income Tax 1,866,000.00 1,615,000.00 1,746,000.00 2,112,000.00 1,043,000.00
Equity Method Investments Income 86,000.00 22,000.00 45,000.00 113,000.00 54,000.00
Net Income Including Non-Controlling Interests 4,863,000.00 4,393,000.00 4,452,000.00 6,191,000.00 3,121,000.00
Net Income Non-Controlling Interests 897,000.00 849,000.00 1,191,000.00 765,000.00 633,000.00
Net Income 5,760,000.00 5,242,000.00 5,643,000.00 6,956,000.00 3,754,000.00
EBIT 10,584,000.00 9,644,000.00 10,321,000.00 11,399,000.00 7,014,000.00
Deprecation and Amortization 9,936,000.00 3,077,000.00 2,969,000.00 2,853,000.00 2,721,000.00
EBITDA 20,520,000.00 12,721,000.00 13,290,000.00 14,252,000.00 9,735,000.00
EPS 0.02 0.02 0.02 0.02 0.01
Diluted EPS 0.02 0.02 0.02 0.02 0.01
Average Shares Outstanding Basic 258,603.00 272,404.00 290,348.00 323,315.00 338,274.00
Average Shares Outstanding Diluted 261,806.00 276,412.00 294,666.00 328,752.00 343,605.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 10,514,000.00 9,431,000.00 8,522,000.00 8,959,000.00 9,232,000.00
   Operating Net Income 6,657,000.00 6,091,000.00 6,834,000.00 7,721,000.00 4,387,000.00
   Deprecation and Amortization 9,936,000.00 3,077,000.00 2,969,000.00 2,853,000.00 2,721,000.00
   Deferred Income Tax 22,000.00 229,000.00 571,000.00 -70,000.00 41,000.00
   Share Based Compensation 360,000.00 262,000.00 341,000.00 440,000.00 362,000.00
   Change in Working Capital 1,158,000.00 1,539,000.00 501,000.00 1,961,000.00 928,000.00
   Other Operating Activities -7,619,000.00 -1,767,000.00 -2,694,000.00 -3,946,000.00 793,000.00
Investing Cash Flow -4,933,000.00 -5,317,000.00 -3,389,000.00 -2,643,000.00 -3,393,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 4,875,000.00 4,744,000.00 4,395,000.00 3,577,000.00 2,835,000.00
   Net Purchase/Sale of Investments Net 120,000.00 131,000.00 7,000.00 121,000.00 58,000.00
   Net Purchase/Sale of Business 922,000.00 1,021,000.00 2,698,000.00 5,425,000.00 704,000.00
   Other Investing Activities -10,850,000.00 -11,213,000.00 -10,489,000.00 -11,766,000.00 -6,990,000.00
Financing Cash Flow -4,582,000.00 -4,094,000.00 -5,656,000.00 -6,655,000.00 -4,677,000.00
   Net Issuance/Repayment of Debt 10,025,000.00 3,113,000.00 8,947,000.00 10,993,000.00 3,657,000.00
   Net Issuance/Repurchase of Equity 6,042,000.00 3,811,000.00 7,000,000.00 8,215,000.00 441,000.00
   Dividends Paid 690,000.00 661,000.00 653,000.00 624,000.00 153,000.00
   Other Financing Activities -21,339,000.00 -11,679,000.00 -22,256,000.00 -26,487,000.00 -8,928,000.00
Net Change in Cash 998,000.00 27,000.00 -543,000.00 -342,000.00 1,172,000.00
   Cash at Beginning of Period 935,000.00 908,000.00 1,451,000.00 1,793,000.00 621,000.00
   Cash at End of Period 1,933,000.00 935,000.00 908,000.00 1,451,000.00 1,793,000.00
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 59,747,000.00 59,536,000.00 59,798,000.00 59,513,000.00 59,459,000.00 57,379,000.00 56,962,000.00 56,211,000.00 54,589,000.00 53,594,000.00 52,711,000.00 52,438,000.00 51,484,000.00 51,584,000.00 52,208,000.00 50,742,000.00 49,562,000.00 48,164,000.00 47,277,000.00 47,490,000.00
   Current Assets 15,285,000.00 15,563,000.00 16,258,000.00 16,414,000.00 16,662,000.00 15,173,000.00 15,282,000.00 14,927,000.00 14,294,000.00 13,888,000.00 13,541,000.00 13,643,000.00 13,481,000.00 13,937,000.00 15,006,000.00 13,542,000.00 13,248,000.00 12,475,000.00 12,036,000.00 12,333,000.00
      Cash and Short-Term Investments 997,000.00 939,000.00 1,060,000.00 1,933,000.00 2,888,000.00 831,000.00 1,284,000.00 935,000.00 891,000.00 862,000.00 842,000.00 908,000.00 1,120,000.00 858,000.00 2,371,000.00 1,554,000.00 1,027,000.00 1,120,000.00 1,030,000.00 1,793,000.00
            Cash and Cash Equivalents 997,000.00 939,000.00 1,060,000.00 1,933,000.00 2,888,000.00 831,000.00 1,284,000.00 935,000.00 891,000.00 862,000.00 842,000.00 908,000.00 999,000.00 858,000.00 2,371,000.00 1,451,000.00 1,027,000.00 1,120,000.00 1,030,000.00 1,793,000.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 121,000.00 0 0 103,000.00 0 0 0 0
      Net Receivables 10,428,000.00 10,459,000.00 11,088,000.00 10,751,000.00 9,915,000.00 10,239,000.00 10,044,000.00 9,958,000.00 9,182,000.00 8,713,000.00 8,657,000.00 8,891,000.00 8,552,000.00 8,628,000.00 8,520,000.00 8,095,000.00 8,433,000.00 7,636,000.00 7,424,000.00 7,051,000.00
      Inventory 1,734,000.00 1,792,000.00 1,794,000.00 1,738,000.00 1,776,000.00 1,800,000.00 1,903,000.00 2,021,000.00 2,030,000.00 2,050,000.00 2,085,000.00 2,068,000.00 2,009,000.00 2,043,000.00 2,003,000.00 1,986,000.00 2,019,000.00 2,027,000.00 2,068,000.00 2,025,000.00
      Other Current Assets 2,126,000.00 2,373,000.00 2,316,000.00 1,992,000.00 2,083,000.00 2,303,000.00 2,051,000.00 2,013,000.00 2,191,000.00 2,263,000.00 1,957,000.00 1,776,000.00 1,800,000.00 2,408,000.00 2,112,000.00 1,907,000.00 1,769,000.00 1,692,000.00 1,514,000.00 1,464,000.00
   Non-Current Assets 44,462,000.00 43,973,000.00 43,540,000.00 43,099,000.00 42,797,000.00 42,206,000.00 41,680,000.00 41,284,000.00 40,295,000.00 39,706,000.00 39,170,000.00 38,795,000.00 38,003,000.00 37,647,000.00 37,202,000.00 37,200,000.00 36,314,000.00 35,689,000.00 35,241,000.00 35,157,000.00
      Property, Plant, Equipment Net 67,604,000.00 66,544,000.00 65,812,000.00 189,673,000.00 63,951,000.00 62,804,000.00 61,651,000.00 177,851,000.00 59,851,000.00 58,777,000.00 57,495,000.00 166,336,000.00 55,827,000.00 54,955,000.00 54,180,000.00 156,163,000.00 52,794,000.00 52,816,000.00 51,960,000.00 149,975,000.00
      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 0 244,000.00 0 0 0 228,000.00 0 0 0 208,000.00 0 0 0 175,000.00 0 0 0 149,000.00
      Long-Term Investments 1,227,000.00 1,185,000.00 1,207,000.00 1,231,000.00 1,258,000.00 1,185,000.00 1,207,000.00 1,233,000.00 1,121,000.00 1,115,000.00 1,566,000.00 1,581,000.00 1,188,000.00 814,000.00 849,000.00 1,324,000.00 412,000.00 382,000.00 427,000.00 422,000.00
      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 -24,369,000.00 -23,756,000.00 -23,479,000.00 -148,049,000.00 -22,412,000.00 -21,783,000.00 -21,178,000.00 -138,028,000.00 -20,677,000.00 -20,186,000.00 -19,891,000.00 -129,330,000.00 -19,012,000.00 -18,122,000.00 -17,827,000.00 -120,462,000.00 -16,892,000.00 -17,509,000.00 -17,146,000.00 -115,389,000.00
Liabilities 64,065,000.00 62,012,000.00 60,674,000.00 58,958,000.00 58,673,000.00 56,040,000.00 55,692,000.00 55,151,000.00 54,232,000.00 53,133,000.00 52,479,000.00 52,584,000.00 53,040,000.00 53,868,000.00 51,794,000.00 49,253,000.00 47,737,000.00 46,374,000.00 44,795,000.00 44,598,000.00
   Current Liabilities 17,896,000.00 15,939,000.00 13,631,000.00 15,177,000.00 14,900,000.00 14,301,000.00 13,141,000.00 12,655,000.00 12,407,000.00 11,545,000.00 11,028,000.00 9,902,000.00 9,784,000.00 8,999,000.00 10,518,000.00 9,582,000.00 9,624,000.00 8,615,000.00 8,642,000.00 8,704,000.00
      Payables and Expenses 11,786,000.00 10,835,000.00 10,112,000.00 10,479,000.00 10,218,000.00 9,727,000.00 10,113,000.00 10,231,000.00 9,854,000.00 9,150,000.00 8,650,000.00 9,532,000.00 9,566,000.00 8,753,000.00 9,032,000.00 9,345,000.00 9,374,000.00 8,362,000.00 8,408,000.00 8,495,000.00
            Account Payables 4,552,000.00 4,250,000.00 4,488,000.00 4,276,000.00 4,235,000.00 4,029,000.00 4,735,000.00 4,233,000.00 4,139,000.00 3,823,000.00 3,769,000.00 4,239,000.00 4,161,000.00 3,742,000.00 4,010,000.00 4,111,000.00 3,759,000.00 3,531,000.00 3,524,000.00 3,535,000.00
            Current Accrued Liabilities 7,234,000.00 6,585,000.00 5,624,000.00 6,203,000.00 5,983,000.00 5,698,000.00 5,378,000.00 5,998,000.00 5,715,000.00 5,327,000.00 4,881,000.00 5,293,000.00 5,405,000.00 5,011,000.00 5,022,000.00 5,234,000.00 5,615,000.00 4,831,000.00 4,884,000.00 4,960,000.00
      Short-Term Debt 6,110,000.00 5,104,000.00 3,519,000.00 4,698,000.00 4,682,000.00 4,574,000.00 3,028,000.00 2,424,000.00 2,553,000.00 2,395,000.00 2,378,000.00 370,000.00 218,000.00 246,000.00 1,486,000.00 237,000.00 250,000.00 253,000.00 234,000.00 209,000.00
      Other Current Liabilities 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 0.00
   Non-Current Liabilities 46,169,000.00 46,073,000.00 47,043,000.00 43,781,000.00 43,773,000.00 41,739,000.00 42,551,000.00 42,496,000.00 41,825,000.00 41,588,000.00 41,451,000.00 42,682,000.00 43,256,000.00 44,869,000.00 41,276,000.00 39,671,000.00 38,113,000.00 37,759,000.00 36,153,000.00 35,894,000.00
      Long-Term Debt 40,239,000.00 41,260,000.00 42,917,000.00 40,196,000.00 40,207,000.00 38,200,000.00 39,075,000.00 39,072,000.00 38,569,000.00 38,343,000.00 38,194,000.00 39,466,000.00 39,254,000.00 40,453,000.00 38,000,000.00 36,097,000.00 33,791,000.00 34,086,000.00 32,568,000.00 32,468,000.00
      Other Non-Current Liabilities 5,930,000.00 4,813,000.00 4,126,000.00 3,585,000.00 3,566,000.00 3,539,000.00 3,476,000.00 3,424,000.00 3,256,000.00 3,245,000.00 3,257,000.00 3,216,000.00 4,002,000.00 4,416,000.00 3,276,000.00 3,574,000.00 4,322,000.00 3,673,000.00 3,585,000.00 3,426,000.00
Equity -4,318,000.00 -2,476,000.00 -876,000.00 555,000.00 786,000.00 1,339,000.00 1,270,000.00 1,060,000.00 357,000.00 461,000.00 232,000.00 -146,000.00 -1,556,000.00 -2,284,000.00 414,000.00 1,489,000.00 1,825,000.00 1,790,000.00 2,482,000.00 2,892,000.00
   Shareholders Equity -5,335,000.00 -4,394,000.00 -3,519,000.00 -2,499,000.00 -2,182,000.00 -1,600,000.00 -1,615,000.00 -1,774,000.00 -2,477,000.00 -2,303,000.00 -2,495,000.00 -2,767,000.00 -3,370,000.00 -3,680,000.00 -2,033,000.00 -933,000.00 -695,000.00 -593,000.00 247,000.00 572,000.00
      Capital Stock 2,000.00 2,000.00 2,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00
      Share Premium 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 294,000.00
      Retained Earnings -5,020,000.00 -4,087,000.00 -3,164,000.00 -2,115,000.00 -1,807,000.00 -1,170,000.00 -1,185,000.00 -1,352,000.00 -1,989,000.00 -1,850,000.00 -2,028,000.00 -2,280,000.00 -2,781,000.00 -3,168,000.00 -1,589,000.00 -532,000.00 -206,000.00 -121,000.00 735,000.00 777,000.00
      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 -317,000.00 -309,000.00 -357,000.00 -387,000.00 -378,000.00 -433,000.00 -433,000.00 -425,000.00 -491,000.00 -456,000.00 -470,000.00 -490,000.00 -592,000.00 -515,000.00 -447,000.00 -404,000.00 -492,000.00 -475,000.00 -491,000.00 -502,000.00
   Minority Interest 3,176,000.00 3,156,000.00 3,081,000.00 3,054,000.00 2,968,000.00 2,939,000.00 2,885,000.00 2,834,000.00 2,834,000.00 2,764,000.00 2,727,000.00 2,694,000.00 2,592,000.00 2,538,000.00 2,447,000.00 2,422,000.00 2,520,000.00 2,383,000.00 2,235,000.00 2,320,000.00
Investments 1,227,000.00 1,185,000.00 1,207,000.00 1,231,000.00 1,258,000.00 1,185,000.00 1,207,000.00 1,233,000.00 1,121,000.00 1,115,000.00 1,566,000.00 1,581,000.00 1,188,000.00 814,000.00 849,000.00 1,324,000.00 412,000.00 382,000.00 427,000.00 422,000.00
Debt 46,349,000.00 46,364,000.00 46,436,000.00 44,894,000.00 44,889,000.00 42,774,000.00 42,103,000.00 41,496,000.00 41,122,000.00 40,738,000.00 40,572,000.00 39,836,000.00 39,472,000.00 40,699,000.00 39,486,000.00 36,334,000.00 34,041,000.00 34,339,000.00 32,802,000.00 32,677,000.00
Net Debt 45,352,000.00 45,425,000.00 45,376,000.00 42,961,000.00 42,001,000.00 41,943,000.00 40,819,000.00 40,561,000.00 40,231,000.00 39,876,000.00 39,730,000.00 38,928,000.00 38,352,000.00 39,841,000.00 37,115,000.00 34,780,000.00 33,014,000.00 33,219,000.00 31,772,000.00 30,884,000.00
Common Shares Outstanding 229,845.10 236,143.90 242,955.40 249,981.40 254,517.70 259,237.60 263,215.80 265,537.30 268,967.30 272,931.70 275,939.90 277,378.30 283,903.50 287,004.40 298,980.90 305,476.80 313,502.40 322,824.80 333,714.50 339,425.60
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 56,087,000.00 36,926,000.00 18,321,000.00 -33,885,000.00 52,318,000.00 34,831,000.00 17,339,000.00 -29,740,000.00 47,665,000.00 31,452,000.00 15,591,000.00 -29,213,000.00 44,736,000.00 29,765,000.00 14,945,000.00 -27,325,000.00 43,688,000.00 28,412,000.00 13,977,000.00
   Selling, General and Administrative Expenses 16,506,000.00 11,040,000.00 5,439,000.00 5,217,000.00 7,962,000.00 5,305,000.00 2,671,000.00 -4,740,000.00 7,318,000.00 4,901,000.00 2,423,000.00 -4,514,000.00 6,942,000.00 4,622,000.00 2,321,000.00 -4,414,000.00 7,067,000.00 4,604,000.00 2,224,000.00
Interest Expense 1,676,000.00 1,115,000.00 547,000.00 -1,002,000.00 1,533,000.00 1,018,000.00 512,000.00 -952,000.00 1,447,000.00 964,000.00 479,000.00 -797,000.00 1,288,000.00 842,000.00 408,000.00 -756,000.00 1,168,000.00 770,000.00 384,000.00
EBT 7,160,000.00 4,742,000.00 2,327,000.00 -4,598,000.00 6,390,000.00 4,484,000.00 2,247,000.00 -3,308,000.00 5,361,000.00 3,731,000.00 1,922,000.00 -2,086,000.00 5,278,000.00 3,574,000.00 1,814,000.00 -3,477,000.00 7,247,000.00 4,090,000.00 1,973,000.00
Income Tax 1,541,000.00 1,026,000.00 502,000.00 -993,000.00 1,419,000.00 995,000.00 445,000.00 -671,000.00 1,131,000.00 776,000.00 379,000.00 -423,000.00 1,090,000.00 730,000.00 349,000.00 -658,000.00 1,531,000.00 846,000.00 393,000.00
Equity Method Investments Income 104,000.00 70,000.00 33,000.00 81,000.00 13,000.00 -4,000.00 -4,000.00 56,000.00 -12,000.00 -50,000.00 28,000.00 -14,000.00 29,000.00 19,000.00 11,000.00 -29,000.00 78,000.00 43,000.00 21,000.00
Net Income Including Non-Controlling Interests 4,193,000.00 2,810,000.00 1,395,000.00 -2,805,000.00 3,673,000.00 2,615,000.00 1,380,000.00 -1,987,000.00 3,040,000.00 2,157,000.00 1,183,000.00 -1,577,000.00 2,936,000.00 2,012,000.00 1,081,000.00 -2,145,000.00 4,568,000.00 2,502,000.00 1,266,000.00
Net Income Non-Controlling Interests 713,000.00 453,000.00 215,000.00 -400,000.00 649,000.00 437,000.00 211,000.00 -325,000.00 595,000.00 399,000.00 180,000.00 -43,000.00 626,000.00 416,000.00 192,000.00 -337,000.00 574,000.00 371,000.00 157,000.00
Net Income 4,906,000.00 3,263,000.00 1,610,000.00 -3,205,000.00 4,322,000.00 3,052,000.00 1,591,000.00 -2,312,000.00 3,635,000.00 2,556,000.00 1,363,000.00 -1,620,000.00 3,562,000.00 2,428,000.00 1,273,000.00 -2,482,000.00 5,142,000.00 2,873,000.00 1,423,000.00
EBIT 8,836,000.00 5,857,000.00 2,874,000.00 -5,600,000.00 7,923,000.00 5,502,000.00 2,759,000.00 -4,260,000.00 6,808,000.00 4,695,000.00 2,401,000.00 -2,883,000.00 6,566,000.00 4,416,000.00 2,222,000.00 -4,233,000.00 8,415,000.00 4,860,000.00 2,357,000.00
Deprecation and Amortization 7,836,000.00 5,169,000.00 2,580,000.00 5,071,000.00 2,456,000.00 1,614,000.00 795,000.00 -1,486,000.00 2,288,000.00 1,519,000.00 756,000.00 -1,452,000.00 2,219,000.00 1,470,000.00 732,000.00 -1,378,000.00 2,125,000.00 1,409,000.00 697,000.00
EBITDA 16,672,000.00 11,026,000.00 5,454,000.00 -529,000.00 10,379,000.00 7,116,000.00 3,554,000.00 -5,746,000.00 9,096,000.00 6,214,000.00 3,157,000.00 -4,335,000.00 8,785,000.00 5,886,000.00 2,954,000.00 -5,611,000.00 10,540,000.00 6,269,000.00 3,054,000.00
EPS 0.02 0.01 0.01 -0.00 0.02 0.01 0.01 -0.00 0.01 0.01 0.00 -0.00 0.01 0.01 0.00 -0.00 0.02 0.01 0.00
Diluted EPS 0.02 0.01 0.01 0.00 0.02 0.01 0.01 0.00 0.01 0.01 0.00 0.00 0.01 0.01 0.00 0.00 0.02 0.01 0.00
Average Shares Outstanding Basic 239,615.00 243,033.00 246,936.00 246,412.00 260,770.00 262,795.00 264,435.00 262,840.00 274,171.00 275,695.00 276,910.00 267,904.00 293,583.00 297,459.00 302,446.00 293,970.00 328,048.00 333,119.00 338,123.00
Average Shares Outstanding Diluted 242,459.00 245,654.00 249,440.00 249,177.00 263,987.00 266,044.00 268,016.00 266,941.00 278,173.00 279,573.00 280,961.00 271,898.00 297,702.00 301,690.00 307,374.00 300,499.00 333,248.00 337,940.00 343,321.00
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 10,277,000.00 5,861,000.00 1,651,000.00 -4,350,000.00 7,955,000.00 4,440,000.00 2,469,000.00 -3,407,000.00 6,757,000.00 4,278,000.00 1,803,000.00 -1,793,000.00 5,995,000.00 2,975,000.00 1,345,000.00 -3,784,000.00 6,516,000.00 4,239,000.00 1,988,000.00
   Operating Net Income 5,619,000.00 3,716,000.00 1,825,000.00 -3,605,000.00 4,971,000.00 3,489,000.00 1,802,000.00 -2,637,000.00 4,230,000.00 2,955,000.00 1,543,000.00 -1,663,000.00 4,188,000.00 2,844,000.00 1,465,000.00 -2,819,000.00 5,716,000.00 3,244,000.00 1,580,000.00
   Deprecation and Amortization 7,836,000.00 5,169,000.00 2,580,000.00 5,071,000.00 2,456,000.00 1,614,000.00 795,000.00 -1,486,000.00 2,288,000.00 1,519,000.00 756,000.00 -1,452,000.00 2,219,000.00 1,470,000.00 732,000.00 -1,378,000.00 2,125,000.00 1,409,000.00 697,000.00
   Deferred Income Tax 1,314,000.00 880,000.00 492,000.00 -351,000.00 -67,000.00 -4,000.00 444,000.00 -207,000.00 61,000.00 3,000.00 372,000.00 -55,000.00 159,000.00 121,000.00 346,000.00 -663,000.00 185,000.00 2,000.00 406,000.00
   Share Based Compensation 301,000.00 197,000.00 98,000.00 -201,000.00 275,000.00 199,000.00 87,000.00 -153,000.00 205,000.00 133,000.00 77,000.00 -174,000.00 258,000.00 171,000.00 86,000.00 -224,000.00 341,000.00 226,000.00 97,000.00
   Change in Working Capital -316,000.00 -996,000.00 -673,000.00 1,737,000.00 22,000.00 -174,000.00 -427,000.00 3,275,000.00 379,000.00 -811,000.00 -1,304,000.00 1,273,000.00 -157,000.00 -271,000.00 -344,000.00 -327,000.00 2,043,000.00 616,000.00 -371,000.00
   Other Operating Activities -4,477,000.00 -3,105,000.00 -2,671,000.00 -7,001,000.00 298,000.00 -684,000.00 -232,000.00 -2,199,000.00 -406,000.00 479,000.00 359,000.00 278,000.00 -672,000.00 -1,360,000.00 -940,000.00 1,627,000.00 -3,894,000.00 -1,258,000.00 -421,000.00
Investing Cash Flow -3,671,000.00 -2,283,000.00 -1,032,000.00 1,792,000.00 -3,587,000.00 -2,235,000.00 -903,000.00 1,962,000.00 -3,720,000.00 -2,408,000.00 -1,151,000.00 2,102,000.00 -2,596,000.00 -2,050,000.00 -845,000.00 504,000.00 -929,000.00 -1,569,000.00 -649,000.00
   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 3,455,000.00 2,167,000.00 991,000.00 -2,232,000.00 3,590,000.00 2,399,000.00 1,118,000.00 -2,476,000.00 3,585,000.00 2,438,000.00 1,197,000.00 -1,479,000.00 3,072,000.00 1,941,000.00 861,000.00 -958,000.00 2,385,000.00 1,496,000.00 654,000.00
   Net Purchase/Sale of Investments Net 32,000.00 -43,000.00 -25,000.00 20,000.00 85,000.00 16,000.00 -1,000.00 72,000.00 37,000.00 18,000.00 4,000.00 8,000.00 -10,000.00 13,000.00 -4,000.00 87,000.00 36,000.00 5,000.00 -7,000.00
   Net Purchase/Sale of Business 715,000.00 660,000.00 546,000.00 -1,395,000.00 848,000.00 753,000.00 716,000.00 -539,000.00 647,000.00 468,000.00 445,000.00 1,032,000.00 1,480,000.00 156,000.00 30,000.00 757,000.00 4,448,000.00 158,000.00 62,000.00
   Other Investing Activities -7,873,000.00 -5,067,000.00 -2,544,000.00 5,399,000.00 -8,110,000.00 -5,403,000.00 -2,736,000.00 4,905,000.00 -7,989,000.00 -5,332,000.00 -2,797,000.00 2,541,000.00 -7,138,000.00 -4,160,000.00 -1,732,000.00 618,000.00 -7,798,000.00 -3,228,000.00 -1,358,000.00
Financing Cash Flow -7,551,000.00 -4,584,000.00 -1,495,000.00 1,362,000.00 -2,419,000.00 -2,309,000.00 -1,216,000.00 1,609,000.00 -3,055,000.00 -1,923,000.00 -725,000.00 -762,000.00 -3,818,000.00 -1,501,000.00 425,000.00 5,144,000.00 -6,349,000.00 -3,346,000.00 -2,104,000.00
   Net Issuance/Repayment of Debt 12,973,000.00 12,661,000.00 9,348,000.00 -8,327,000.00 7,961,000.00 5,722,000.00 4,669,000.00 -3,154,000.00 2,491,000.00 1,986,000.00 1,790,000.00 -12,411,000.00 8,520,000.00 9,586,000.00 3,252,000.00 -6,626,000.00 8,624,000.00 8,868,000.00 127,000.00
   Net Issuance/Repurchase of Equity 7,509,000.00 5,011,000.00 2,506,000.00 -2,027,000.00 4,342,000.00 2,547,000.00 1,180,000.00 -1,697,000.00 2,901,000.00 1,761,000.00 846,000.00 -5,365,000.00 5,481,000.00 4,783,000.00 2,101,000.00 -3,269,000.00 6,143,000.00 3,814,000.00 1,527,000.00
   Dividends Paid 517,000.00 351,000.00 180,000.00 -376,000.00 525,000.00 356,000.00 185,000.00 -354,000.00 501,000.00 339,000.00 175,000.00 -358,000.00 497,000.00 337,000.00 177,000.00 -346,000.00 476,000.00 325,000.00 169,000.00
   Other Financing Activities -28,550,000.00 -22,607,000.00 -13,529,000.00 12,092,000.00 -15,247,000.00 -10,934,000.00 -7,250,000.00 6,814,000.00 -8,948,000.00 -6,009,000.00 -3,536,000.00 17,372,000.00 -18,316,000.00 -16,207,000.00 -5,105,000.00 15,385,000.00 -21,592,000.00 -16,353,000.00 -3,927,000.00
Net Change in Cash -936,000.00 -994,000.00 -873,000.00 -1,200,000.00 1,953,000.00 -104,000.00 349,000.00 156,000.00 -17,000.00 -46,000.00 -66,000.00 -418,000.00 -452,000.00 -593,000.00 920,000.00 1,860,000.00 -766,000.00 -673,000.00 -763,000.00
   Cash at Beginning of Period 1,933,000.00 1,933,000.00 1,933,000.00 3,133,000.00 935,000.00 935,000.00 935,000.00 779,000.00 908,000.00 908,000.00 908,000.00 1,326,000.00 1,451,000.00 1,451,000.00 1,451,000.00 -409,000.00 1,793,000.00 1,793,000.00 1,793,000.00
   Cash at End of Period 997,000.00 939,000.00 1,060,000.00 1,933,000.00 2,888,000.00 831,000.00 1,284,000.00 935,000.00 891,000.00 862,000.00 842,000.00 908,000.00 999,000.00 858,000.00 2,371,000.00 1,451,000.00 1,027,000.00 1,120,000.00 1,030,000.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0