HL

Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 81.83 -34.36 79.43 87.00 -216.00
Price to Sales 3.26 4.05 4.31 3.47 4.94
Book Value Per Common Share 6.55 6.51 7.10 6.51 6.34
Price to Book 0.75 0.74 0.78 0.80 1.02
Price to Operating Cash Flow 13.96 38.57 34.47 12.70 18.90
Price to Free Cash Flow
Enterprise Value to EBITDA 99452.30 710547.97 315850.75 127154.70 191099.48
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 2020-12-31
Price to Earnings 41.72 42.79 111.20 166.75 121.25 -481.00 -55.86 -171.67 -633.00 -65.67 -196.00 657.00 127.91 206.67 142.25
Price to Sales 7.99 6.69 13.40 6.06 6.87 15.64 4.22 8.21 19.04 4.09 5.59 18.97 4.73 9.28 14.41
Book Value Per Common Share 7.55 7.27 6.54 6.58 6.40 6.36 6.56 6.78 3.32 3.59 3.31 3.21 3.25 3.22 3.23 6.34
Price to Book 1.60 0.82 0.85 1.01 0.76 0.76 0.60 0.76 1.91 1.10 1.18 2.05 1.69 2.31 1.76 1.02
Price to Operating Cash Flow 22.63 19.24 98.41 27.35 31.21 173.65 31.66 48.18 93.50 39.88 27.05 93.32 17.64 32.03 80.14
Price to Free Cash Flow
Enterprise Value to EBITDA 172481.69 161677.30 367060.97 178152.74 183138.82 494556.40 217651.33 366418.33 757793.73 210157.72 231954.45 635788.55 154555.30 286917.63 362247.36

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 16.67
Revenue YoY 29.65 0.18 -10.97 16.71
EBITDA YoY 647.59 -58.21 -55.43 22.10
Net Profit YoY
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 2020-12-31
Earning YoY 107.14 180.00 0.00 19.44 -10.00
Revenue YoY 72.50 116.35 56.32 129.62 48.17 89.29 38.74 102.54 45.14 103.38
EBITDA YoY 92.92 145.48 41.78 172.49 28.23 68.82 11.98 63.68 37.42 65.31
Net Profit YoY 116.34 199.86 7.96 17.53 4.14

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 0.04 0.18 0.19 0.39 0.27
Quick Ratio 0.30 0.77 0.84 1.54 1.15
Current Ratio 1.08 1.65 1.50 2.13 1.90
Debt to Equity 0.46 0.53 0.48 0.55 0.57
Long-Term Debt to Equity 0.36 0.45 0.39 0.46 0.48
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 2020-12-31
Cash Per Common Share 0.21 0.47 0.04 0.04 0.04 0.13 0.17 0.18 0.16 0.27 0.37 0.39 0.36 0.34 0.26 0.27
Quick Ratio 1.31 1.79 0.48 0.33 0.35 0.73 0.81 0.81 0.76 0.97 1.37 1.30 1.77 1.72 1.60 1.15
Current Ratio 2.15 2.67 1.43 1.09 1.29 1.67 1.71 1.71 1.48 1.76 2.04 1.83 2.46 2.56 2.73 1.90
Debt to Equity 0.32 0.43 0.46 0.45 0.48 0.53 0.50 0.48 0.47 0.50 0.52 0.58 0.53 0.55 0.54 0.57
Long-Term Debt to Equity 0.24 0.35 0.37 0.36 0.41 0.45 0.42 0.40 0.39 0.42 0.44 0.48 0.46 0.48 0.48 0.48

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 1.20 1.29
ROE 1.76 1.99
Gross Margin 21.23 15.68 16.16 26.97 21.06
Operating Margin 12.43 -17.03 -6.54 5.88 2.35
EBITDA Margin 32.83 5.69 13.65 27.26 26.06
Net Profit Margin 3.83 4.35
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 2020-12-31
ROA 5.81 2.62 0.95 0.81 0.75 -0.19 -1.39 0.64 -0.11 0.15 0.87 0.74 0.71
ROE 7.65 3.75 1.39 1.17 1.12 -0.29 -2.09 0.95 -0.16 0.24 1.33 1.15 1.10
Gross Margin 38.20 34.10 28.21 19.09 16.22 10.11 18.96 19.23 17.52 17.39 21.89 24.36 26.44 28.93 30.74
Operating Margin 33.39 27.83 21.56 12.09 13.36 4.59 -0.57 2.65 5.13 -0.91 4.61 10.83 8.16 9.46 16.29
EBITDA Margin 46.31 41.41 36.50 34.04 37.53 31.62 19.39 22.41 25.13 19.46 24.11 29.84 30.62 32.34 39.79
Net Profit Margin 19.13 15.25 11.01 3.51 5.08 -3.04 -7.38 5.00 -1.59 2.23 3.73 4.61 9.00

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 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 2,981,060.00 3,011,104.00 2,927,172.00 2,728,808.00 2,667,724.00
   Current Assets 214,152.00 260,262.00 267,727.00 341,627.00 284,681.00
      Cash and Short-Term Investments 26,868.00 106,374.00 104,743.00 210,010.00 144,930.00
            Cash and Cash Equivalents 26,868.00 106,374.00 104,743.00 210,010.00 129,830.00
            Short-Term Investments 0 0 0 0 15,100.00
      Net Receivables 31,515.00 14,740.00 45,146.00 36,437.00 27,864.00
      Inventory 139,898.00 122,470.00 90,672.00 67,765.00 96,544.00
      Other Current Assets 15,871.00 16,678.00 27,166.00 27,415.00 15,343.00
   Non-Current Assets 2,766,908.00 2,750,842.00 2,659,445.00 2,387,181.00 2,383,043.00
      Property, Plant, Equipment Net 2,701,663.00 2,674,599.00 2,580,854.00 2,323,245.00 5,175,366.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 33,897.00 33,724.00 24,018.00 10,844.00 10,948.00
      Non-Current Deferred Assets 0 2,883.00 21,105.00 45,562.00 2,912.00
      Other Non-Current Assets 31,348.00 39,636.00 33,468.00 7,530.00 -2,806,183.00
Liabilities 941,546.00 1,043,000.00 948,205.00 968,021.00 965,384.00
   Current Liabilities 197,838.00 157,460.00 178,466.00 160,383.00 149,785.00
      Payables and Expenses 88,957.00 81,737.00 84,747.00 68,100.00 68,516.00
            Account Payables 14,316.00 14,405.00 14,454.00 14,454.00 14,157.00
            Current Accrued Liabilities 22,834.00 28,240.00 37,579.00 28,714.00 31,807.00
      Short-Term Debt 100,851.00 9,800.00 9,483.00 8,098.00 9,499.00
      Other Current Liabilities 8,030.00 65,923.00 84,236.00 84,185.00 71,770.00
   Non-Current Liabilities 743,708.00 885,540.00 769,739.00 807,638.00 815,599.00
      Long-Term Debt 508,927.00 653,063.00 517,742.00 525,821.00 524,150.00
      Other Non-Current Liabilities 234,781.00 232,477.00 251,997.00 281,817.00 291,449.00
Equity 2,039,514.00 1,968,104.00 1,978,967.00 1,760,787.00 1,702,340.00
   Shareholders Equity 4,068,762.00 3,942,045.00 3,955,486.00 3,493,118.00 3,371,791.00
      Capital Stock 160,091.00 156,115.00 151,858.00 136,430.00 134,668.00
      Share Premium 2,418,149.00 2,343,747.00 2,260,290.00 2,034,485.00 2,003,576.00
      Retained Earnings -493,529.00 -503,861.00 -403,931.00 -353,651.00 -379,519.00
      Treasury Shares 34,931.00 33,734.00 31,698.00 28,021.00 23,496.00
      Accumulated Other Comprehensive Income -10,266.00 5,837.00 -2,448.00 -28,456.00 -32,889.00
   Minority Interest 0 0 0 0 0
Investments 33,897.00 33,724.00 24,018.00 10,844.00 10,948.00
Debt 609,778.00 653,063.00 527,225.00 533,919.00 533,649.00
Net Debt 582,910.00 546,689.00 422,482.00 323,909.00 388,719.00
Common Shares Outstanding 0 0 0 0 531,666.37
Preferred Shares Outstanding 157.76 157.78 0 157.82 157.82
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 933,759.00 720,227.00 718,905.00 807,473.00 691,873.00
Cost Of Revenue 735,549.00 607,278.00 602,749.00 589,672.00 546,170.00
Gross Profit 198,210.00 112,949.00 116,156.00 217,801.00 145,703.00
Operating Expenses 91,934.00 202,297.00 171,428.00 134,381.00 94,122.00
   Selling, General and Administrative Expenses 45,405.00 42,722.00 43,384.00 34,570.00 35,561.00
   Other Operating Expenses 46,529.00 159,575.00 128,044.00 99,811.00 58,561.00
Operating Income 106,276.00 -89,348.00 -55,272.00 83,420.00 51,581.00
Net Non-Operating Income -40,060.00 -76,642.00 -34,556.00 -77,894.00 -84,891.00
Interest Expense 49,834.00 43,319.00 42,793.00 41,945.00 49,569.00
EBT 66,216.00 -165,990.00 -89,828.00 5,526.00 -33,310.00
Income Tax 30,414.00 1,222.00 7,566.00 29,569.00 4,265.00
Net Income 35,802.00 0 0 35,095.00 0
EBIT 116,050.00 -122,671.00 -47,035.00 47,471.00 16,259.00
Deprecation and Amortization 190,471.00 163,672.00 145,147.00 172,651.00 164,026.00
EBITDA 306,521.00 41,001.00 98,112.00 220,122.00 180,285.00
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 620,848.00 605,668.00 557,344.00 536,192.00 527,329.00
Average Shares Outstanding Diluted 622,535.00 605,668.00 557,344.00 542,176.00 527,329.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 218,277.00 75,499.00 89,890.00 220,337.00 180,793.00
   Operating Net Income 35,802.00 -168,434.00 -74,696.00 35,095.00 -33,580.00
   Deprecation and Amortization 190,471.00 163,672.00 145,147.00 172,651.00 164,026.00
   Deferred Income Tax 19,688.00 -5,946.00 -16,600.00 -42,958.00 -7,088.00
   Share Based Compensation 8,659.00 6,598.00 6,012.00 6,082.00 11,554.00
   Change in Working Capital 49,553.00 32,518.00 28,319.00 45,145.00 54,797.00
   Other Operating Activities -85,896.00 47,091.00 1,708.00 4,322.00 -8,916.00
Investing Cash Flow -212,871.00 -231,292.00 187,273.00 -107,029.00 -92,901.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 216,186.00 448,816.00 298,215.00 219,173.00 182,147.00
   Net Purchase/Sale of Investments Net 73.00 8,962.00 31,971.00 0 2,216.00
   Net Purchase/Sale of Business 0 -228.00 -8,953.00 0 0
   Other Investing Activities -429,130.00 -688,842.00 -133,960.00 -326,202.00 -277,264.00
Financing Cash Flow -83,824.00 156,330.00 -7,500.00 -32,598.00 -19,379.00
   Net Issuance/Repayment of Debt 673,664.00 360,605.00 57,633.00 7,285.00 1,432,827.00
   Net Issuance/Repurchase of Equity 59,937.00 58,720.00 20,955.00 4,525.00 2,745.00
   Dividends Paid 25,331.00 15,713.00 12,932.00 20,672.00 9,152.00
   Other Financing Activities -842,756.00 -278,708.00 -99,020.00 -65,080.00 -1,464,103.00
Net Change in Cash -79,494.00 1,632.00 -105,156.00 80,180.00 67,406.00
   Cash at Beginning of Period 107,539.00 105,907.00 211,063.00 130,883.00 63,477.00
   Cash at End of Period 28,045.00 107,539.00 105,907.00 211,063.00 130,883.00
Free Cash Flow 0 0 0 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Assets 3,221,842.00 3,309,355.00 3,023,557.00 2,981,060.00 2,955,711.00 2,939,764.00 2,994,258.00 3,011,104.00 2,961,156.00 2,945,459.00 2,925,624.00 2,927,172.00 2,934,629.00 2,717,103.00 2,738,899.00 2,728,808.00 2,674,417.00 2,671,238.00 2,655,077.00 2,667,724.00
   Current Assets 387,507.00 514,860.00 246,313.00 214,152.00 205,967.00 200,230.00 255,250.00 260,262.00 248,414.00 259,155.00 244,950.00 267,727.00 283,920.00 322,396.00 343,956.00 341,627.00 310,280.00 331,178.00 297,917.00 284,681.00
      Cash and Short-Term Investments 133,910.00 296,565.00 23,668.00 26,868.00 22,273.00 24,585.00 80,169.00 106,374.00 100,685.00 106,786.00 95,939.00 104,743.00 144,669.00 198,193.00 212,029.00 210,010.00 190,904.00 181,494.00 139,750.00 144,930.00
            Cash and Cash Equivalents 133,910.00 296,565.00 23,668.00 26,868.00 22,273.00 24,585.00 80,169.00 106,374.00 100,685.00 106,786.00 95,939.00 104,743.00 144,669.00 198,193.00 212,029.00 210,010.00 190,904.00 181,494.00 139,750.00 129,830.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 15,100.00
      Net Receivables 102,702.00 48,002.00 59,549.00 31,515.00 40,718.00 30,242.00 30,508.00 14,740.00 16,685.00 15,595.00 28,928.00 45,146.00 12,477.00 17,828.00 33,324.00 36,437.00 32,821.00 41,311.00 35,274.00 27,864.00
      Inventory 155,340.00 189,050.00 162,577.00 139,898.00 139,335.00 154,534.00 139,546.00 122,470.00 97,348.00 94,613.00 84,340.00 90,672.00 92,005.00 75,367.00 73,090.00 67,765.00 58,439.00 82,962.00 94,252.00 96,544.00
      Other Current Assets -4,445.00 -18,757.00 519.00 15,871.00 3,641.00 -9,131.00 5,027.00 16,678.00 33,696.00 42,161.00 35,743.00 27,166.00 34,769.00 31,008.00 25,513.00 27,415.00 28,116.00 25,411.00 28,641.00 15,343.00
   Non-Current Assets 2,834,335.00 2,794,495.00 2,777,244.00 2,766,908.00 2,749,744.00 2,739,534.00 2,739,008.00 2,750,842.00 2,712,742.00 2,686,304.00 2,680,674.00 2,659,445.00 2,650,709.00 2,394,707.00 2,394,943.00 2,387,181.00 2,364,137.00 2,340,060.00 2,357,160.00 2,383,043.00
      Property, Plant, Equipment Net 2,741,705.00 2,723,273.00 2,710,283.00 2,701,663.00 2,670,515.00 2,666,297.00 2,672,342.00 2,674,599.00 2,657,472.00 2,625,648.00 2,598,174.00 2,580,854.00 2,565,606.00 2,307,611.00 2,311,200.00 2,323,245.00 2,339,219.00 2,314,261.00 2,330,322.00 5,175,366.00
      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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Investments 67,448.00 44,107.00 37,518.00 33,897.00 42,019.00 38,135.00 32,873.00 33,724.00 16,594.00 20,778.00 26,434.00 24,018.00 13,299.00 23,931.00 29,204.00 10,844.00 8,030.00 11,083.00 11,717.00 10,948.00
      Non-Current Deferred Assets 0 0 0 0 0 0 0 2,883.00 3,349.00 2,703.00 13,280.00 21,105.00 45,562.00 45,562.00 45,562.00 45,562.00 5,576.00 5,090.00 3,886.00 2,912.00
      Other Non-Current Assets 25,182.00 27,115.00 29,443.00 31,348.00 37,210.00 35,102.00 33,793.00 39,636.00 35,327.00 37,175.00 42,786.00 33,468.00 26,242.00 17,603.00 8,977.00 7,530.00 11,312.00 9,626.00 11,235.00 -2,806,183.00
Liabilities 772,198.00 999,322.00 949,590.00 941,546.00 917,429.00 959,699.00 1,035,628.00 1,043,000.00 983,386.00 952,623.00 933,467.00 948,205.00 979,861.00 934,221.00 1,010,356.00 968,021.00 931,442.00 950,556.00 930,202.00 965,384.00
   Current Liabilities 179,970.00 192,962.00 172,723.00 197,838.00 188,572.00 155,525.00 152,637.00 157,460.00 145,371.00 151,340.00 165,353.00 178,466.00 161,385.00 158,229.00 188,240.00 160,383.00 126,182.00 129,401.00 109,118.00 149,785.00
      Payables and Expenses 99,475.00 87,909.00 77,263.00 88,957.00 86,976.00 80,732.00 81,289.00 81,737.00 87,148.00 81,653.00 83,704.00 84,747.00 87,850.00 84,997.00 73,786.00 68,100.00 62,571.00 62,183.00 53,130.00 68,516.00
            Account Payables 2,911.00 14,372.00 5,161.00 14,316.00 5,192.00 14,368.00 5,190.00 14,405.00 5,191.00 14,404.00 5,191.00 14,454.00 5,184.00 14,435.00 5,232.00 14,454.00 5,221.00 14,480.00 5,175.00 14,157.00
            Current Accrued Liabilities 27,932.00 25,915.00 18,954.00 22,834.00 26,447.00 25,938.00 28,783.00 28,240.00 22,671.00 25,993.00 41,141.00 37,579.00 26,385.00 26,945.00 34,864.00 28,714.00 26,493.00 24,270.00 22,800.00 31,807.00
      Short-Term Debt 0 106,152.00 100,836.00 100,851.00 107,622.00 0 0 9,800.00 0 0 0 9,483.00 0 0 0 8,098.00 8,022.00 8,763.00 9,538.00 9,499.00
      Other Current Liabilities 80,495.00 -1,099.00 -5,376.00 8,030.00 -6,026.00 74,793.00 71,348.00 65,923.00 58,223.00 69,687.00 81,649.00 84,236.00 73,535.00 73,232.00 114,454.00 84,185.00 55,589.00 58,455.00 46,450.00 71,770.00
   Non-Current Liabilities 592,228.00 806,360.00 776,867.00 743,708.00 728,857.00 804,174.00 882,991.00 885,540.00 838,015.00 801,283.00 768,114.00 769,739.00 818,476.00 775,992.00 822,116.00 807,638.00 805,260.00 821,155.00 821,084.00 815,599.00
      Long-Term Debt 269,838.00 521,568.00 527,137.00 508,927.00 496,631.00 582,577.00 662,482.00 653,063.00 604,953.00 559,817.00 516,961.00 517,742.00 530,745.00 507,841.00 508,852.00 525,821.00 522,072.00 523,884.00 525,250.00 524,150.00
      Other Non-Current Liabilities 322,390.00 284,792.00 249,730.00 234,781.00 232,226.00 221,597.00 220,509.00 232,477.00 233,062.00 241,466.00 251,153.00 251,997.00 287,731.00 268,151.00 313,264.00 281,817.00 283,188.00 297,271.00 295,834.00 291,449.00
Equity 2,449,644.00 2,310,033.00 2,073,967.00 2,039,514.00 2,038,282.00 1,980,065.00 1,958,630.00 1,968,104.00 1,977,770.00 1,992,836.00 1,992,157.00 1,978,967.00 1,954,768.00 1,782,882.00 1,728,543.00 1,760,787.00 1,742,975.00 1,720,682.00 1,724,875.00 1,702,340.00
   Shareholders Equity 4,881,336.00 4,610,908.00 4,134,072.00 4,068,762.00 4,070,798.00 3,948,022.00 3,918,128.00 3,942,045.00 3,961,164.00 4,081,532.00 1,992,157.00 3,955,486.00 1,954,768.00 1,782,882.00 1,728,543.00 3,493,118.00 1,742,975.00 1,720,682.00 1,724,875.00 3,371,791.00
      Capital Stock 169,700.00 167,911.00 160,267.00 160,091.00 159,224.00 156,784.00 156,486.00 156,115.00 154,394.00 153,373.00 152,575.00 151,858.00 150,878.00 137,280.00 136,696.00 136,430.00 136,389.00 136,104.00 135,585.00 134,668.00
      Share Premium 2,638,638.00 2,594,492.00 2,423,631.00 2,418,149.00 2,413,546.00 2,354,004.00 2,350,249.00 2,343,747.00 2,311,266.00 2,289,607.00 2,273,793.00 2,260,290.00 2,241,649.00 2,043,621.00 2,036,417.00 2,034,485.00 2,032,334.00 2,024,645.00 2,021,072.00 2,003,576.00
      Retained Earnings -313,902.00 -411,975.00 -467,168.00 -493,529.00 -496,674.00 -489,738.00 -513,608.00 -503,861.00 -456,968.00 -430,606.00 -410,995.00 -403,931.00 -397,096.00 -370,048.00 -353,007.00 -353,651.00 -362,023.00 -382,609.00 -377,229.00 -379,519.00
      Treasury Shares 35,816.00 35,816.00 34,931.00 34,931.00 34,931.00 34,931.00 34,931.00 33,734.00 33,734.00 33,734.00 32,180.00 31,698.00 31,698.00 31,698.00 29,942.00 28,021.00 28,021.00 28,021.00 23,496.00 23,496.00
      Accumulated Other Comprehensive Income -8,976.00 -4,579.00 -7,832.00 -10,266.00 -2,883.00 -6,054.00 434.00 5,837.00 2,812.00 14,196.00 8,964.00 -2,448.00 -8,965.00 3,727.00 -61,621.00 -28,456.00 -35,704.00 -29,437.00 -31,057.00 -32,889.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 67,448.00 44,107.00 37,518.00 33,897.00 42,019.00 38,135.00 32,873.00 33,724.00 16,594.00 20,778.00 26,434.00 24,018.00 13,299.00 23,931.00 29,204.00 10,844.00 8,030.00 11,083.00 11,717.00 10,948.00
Debt 269,838.00 627,720.00 627,973.00 609,778.00 604,253.00 582,577.00 662,482.00 653,063.00 604,953.00 559,817.00 516,961.00 527,225.00 530,745.00 507,841.00 508,852.00 533,919.00 530,094.00 532,647.00 534,788.00 533,649.00
Net Debt 135,928.00 331,155.00 604,305.00 582,910.00 581,980.00 557,992.00 582,313.00 546,689.00 504,268.00 453,031.00 421,022.00 422,482.00 386,076.00 309,648.00 296,823.00 323,909.00 339,190.00 351,153.00 395,038.00 388,719.00
Common Shares Outstanding 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 531,666.37
Preferred Shares Outstanding 157.76 157.76 157.76 157.76 157.78 157.78 157.78 157.78 157.78 157.78 157.78 0 157.78 157.82 0 157.82 157.82 157.82 157.82 157.82
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 979,023.00 567,553.00 262,325.00 -371,224.00 680,270.00 435,185.00 189,528.00 -416,441.00 559,537.00 377,631.00 199,500.00 -369,415.00 524,080.00 377,741.00 186,499.00 -454,609.00 622,395.00 428,835.00 210,852.00
Cost Of Revenue 605,028.00 374,025.00 188,321.00 -349,808.00 550,394.00 364,595.00 170,368.00 -315,751.00 453,453.00 305,024.00 164,552.00 -266,311.00 432,941.00 295,049.00 141,070.00 -318,966.00 457,835.00 304,763.00 146,040.00
Gross Profit 373,995.00 193,528.00 74,004.00 -21,416.00 129,876.00 70,590.00 19,160.00 -100,690.00 106,084.00 72,607.00 34,948.00 -103,104.00 91,139.00 82,692.00 45,429.00 -135,643.00 164,560.00 124,072.00 64,812.00
Operating Expenses 79,239.00 47,417.00 21,649.00 -8,825.00 61,737.00 24,926.00 14,096.00 43,751.00 110,638.00 18,513.00 29,395.00 -16,582.00 97,117.00 60,222.00 30,671.00 -54,104.00 102,961.00 59,161.00 26,363.00
   Selling, General and Administrative Expenses 38,411.00 24,539.00 11,999.00 -28,124.00 36,357.00 25,956.00 11,216.00 -22,650.00 30,449.00 22,853.00 12,070.00 -11,885.00 28,989.00 17,986.00 8,294.00 -20,533.00 27,985.00 19,111.00 8,007.00
   Other Operating Expenses 40,828.00 22,878.00 9,650.00 19,299.00 25,380.00 -1,030.00 2,880.00 66,401.00 80,189.00 -4,340.00 17,325.00 -4,697.00 68,128.00 42,236.00 22,377.00 -33,571.00 74,976.00 40,050.00 18,356.00
Operating Income 294,756.00 146,111.00 52,355.00 -12,591.00 68,139.00 45,664.00 5,064.00 -144,441.00 -4,554.00 54,094.00 5,553.00 -86,522.00 -5,978.00 22,470.00 14,758.00 -81,539.00 61,599.00 64,911.00 38,449.00
Net Non-Operating Income -3,870.00 -10,828.00 -7,338.00 3,510.00 -21,916.00 -12,652.00 -9,002.00 23,223.00 -29,824.00 -64,557.00 -5,484.00 26,933.00 -30,560.00 -25,955.00 -4,974.00 24,616.00 -42,303.00 -45,363.00 -14,844.00
Interest Expense 36,055.00 22,650.00 11,551.00 -24,009.00 36,050.00 25,149.00 12,644.00 -18,508.00 31,186.00 20,476.00 10,165.00 -20,309.00 31,785.00 20,911.00 10,406.00 -21,298.00 31,484.00 21,015.00 10,744.00
EBT 290,886.00 135,283.00 45,017.00 -9,081.00 46,223.00 33,012.00 -3,938.00 -121,218.00 -34,378.00 -10,463.00 69.00 -59,589.00 -36,538.00 -3,485.00 9,784.00 -56,923.00 19,296.00 19,548.00 23,605.00
Income Tax 103,583.00 48,706.00 16,145.00 -4,641.00 22,345.00 10,895.00 1,815.00 -17,328.00 6,904.00 8,404.00 3,242.00 -7,592.00 3,642.00 5,885.00 5,631.00 17,703.00 3,924.00 208.00 7,734.00
Net Income 187,303.00 86,577.00 28,872.00 -4,440.00 23,878.00 22,117.00 -5,753.00 0 -41,282.00 18,867.00 -3,173.00 0 0 0 4,153.00 -26,852.00 23,220.00 19,756.00 18,971.00
EBIT 326,941.00 157,933.00 56,568.00 -33,090.00 82,273.00 58,161.00 8,706.00 -139,726.00 -3,192.00 10,013.00 10,234.00 -79,898.00 -4,753.00 17,426.00 20,190.00 -78,221.00 50,780.00 40,563.00 34,349.00
Deprecation and Amortization 126,463.00 77,086.00 39,172.00 -115,167.00 149,265.00 105,147.00 51,226.00 -62,535.00 111,705.00 74,610.00 39,892.00 -70,708.00 106,743.00 73,656.00 35,456.00 -114,816.00 139,800.00 98,121.00 49,546.00
EBITDA 453,404.00 235,019.00 95,740.00 -148,257.00 231,538.00 163,308.00 59,932.00 -202,261.00 108,513.00 84,623.00 50,126.00 -150,606.00 101,990.00 91,082.00 55,646.00 -193,037.00 190,580.00 138,684.00 83,895.00
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 646,312.00 634,339.00 632,047.00 632,125.00 618,419.00 616,649.00 616,199.00 616,492.00 604,028.00 602,077.00 600,075.00 607,943.00 544,000.00 538,943.00 538,490.00 540,306.00 535,542.00 534,819.00 534,101.00
Average Shares Outstanding Diluted 649,533.00 636,991.00 634,708.00 630,213.00 621,792.00 621,936.00 616,199.00 616,492.00 604,028.00 602,077.00 600,075.00 602,372.00 544,000.00 538,943.00 544,061.00 544,940.00 541,769.00 541,468.00 540,527.00
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 345,583.00 197,534.00 35,738.00 -45,408.00 150,807.00 95,798.00 17,080.00 -104,099.00 74,615.00 64,380.00 40,603.00 -79,881.00 53,770.00 78,092.00 37,909.00 -108,821.00 166,982.00 124,240.00 37,936.00
   Operating Net Income 187,303.00 86,577.00 28,872.00 -4,440.00 23,878.00 22,117.00 -5,753.00 -105,112.00 -41,282.00 -18,867.00 -3,173.00 5,683.00 -65,792.00 -18,740.00 4,153.00 -26,852.00 23,220.00 19,756.00 18,971.00
   Deprecation and Amortization 126,463.00 77,086.00 39,172.00 -115,167.00 149,265.00 105,147.00 51,226.00 -62,535.00 111,705.00 74,610.00 39,892.00 -70,708.00 106,743.00 73,656.00 35,456.00 -114,816.00 139,800.00 98,121.00 49,546.00
   Deferred Income Tax 84,011.00 39,509.00 13,221.00 -261.00 14,261.00 5,844.00 -156.00 -7,360.00 -3,711.00 4,585.00 540.00 -6,490.00 -10,359.00 -1,538.00 1,787.00 -18,222.00 -16,103.00 -8,704.00 71.00
   Share Based Compensation 7,562.00 4,923.00 1,936.00 -3,052.00 6,401.00 4,146.00 1,164.00 -2,402.00 5,122.00 2,688.00 1,190.00 -2,082.00 4,298.00 2,525.00 1,271.00 -2,494.00 4,774.00 3,302.00 500.00
   Change in Working Capital -6,734.00 -7,292.00 4,962.00 -53,089.00 37,630.00 34,460.00 30,552.00 42,353.00 -1,072.00 -9,450.00 687.00 46,889.00 -16,749.00 3,051.00 -4,872.00 97,485.00 -16,126.00 -4,689.00 -31,525.00
   Other Operating Activities -53,022.00 -3,269.00 -52,425.00 130,601.00 -80,628.00 -75,916.00 -59,953.00 30,957.00 3,853.00 10,814.00 1,467.00 -53,173.00 35,629.00 19,138.00 114.00 -43,922.00 31,417.00 16,454.00 373.00
Investing Cash Flow -165,633.00 -108,314.00 -54,040.00 83,787.00 -152,308.00 -96,808.00 -47,542.00 91,840.00 -162,858.00 -105,831.00 -54,443.00 418,695.00 -127,691.00 -74,489.00 -29,242.00 45,582.00 -78,037.00 -53,180.00 -21,394.00
   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 170,757.00 112,266.00 54,150.00 -85,914.00 155,181.00 99,283.00 47,636.00 126,957.00 161,425.00 105,991.00 54,443.00 125,598.00 93,985.00 56,537.00 22,095.00 63,527.00 80,772.00 53,442.00 21,432.00
   Net Purchase/Sale of Investments Net 0 0 0 -73.00 73.00 73.00 0 7,209.00 1,753.00 0 0 -59,085.00 39,915.00 24,386.00 26,755.00 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 -228.00 0 0 0 -1.00 -8,952.00 0 0 0 0 0 0
   Other Investing Activities -336,390.00 -220,580.00 -108,190.00 169,774.00 -307,562.00 -196,164.00 -95,178.00 -42,098.00 -326,036.00 -211,822.00 -108,886.00 352,183.00 -252,639.00 -155,412.00 -78,092.00 -17,945.00 -158,809.00 -106,622.00 -42,826.00
Financing Cash Flow -73,224.00 180,004.00 15,202.00 73,251.00 -82,361.00 -79,593.00 4,879.00 24,896.00 84,107.00 42,279.00 5,048.00 4,213.00 9,577.00 -14,111.00 -7,179.00 20,959.00 -27,400.00 -19,368.00 -6,789.00
   Net Issuance/Repayment of Debt 586,888.00 254,220.00 196,287.00 285.00 422,841.00 205,505.00 45,033.00 80,386.00 165,990.00 85,765.00 28,464.00 22,383.00 30,222.00 3,333.00 1,695.00 1,687.00 5,598.00 0 0
   Net Issuance/Repurchase of Equity 217,110.00 175,017.00 0 -4,228.00 59,565.00 2,300.00 2,300.00 -9,495.00 27,924.00 27,924.00 12,367.00 7,138.00 8,219.00 3,677.00 1,921.00 -4,525.00 4,525.00 4,525.00 0
   Dividends Paid 7,676.00 5,023.00 2,511.00 -3,348.00 16,691.00 7,994.00 3,994.00 -7,741.00 11,755.00 7,808.00 3,891.00 -8,153.00 10,549.00 7,027.00 3,509.00 -12,314.00 17,169.00 10,991.00 4,826.00
   Other Financing Activities -884,898.00 -254,256.00 -183,596.00 80,542.00 -581,458.00 -295,392.00 -46,448.00 -38,254.00 -121,562.00 -79,218.00 -39,674.00 -17,155.00 -39,413.00 -28,148.00 -14,304.00 36,111.00 -54,692.00 -34,884.00 -11,615.00
Net Change in Cash 107,037.00 269,703.00 -3,200.00 112,578.00 -84,082.00 -81,783.00 -26,207.00 -4,975.00 -4,059.00 2,045.00 8,621.00 -30,186.00 -65,148.00 -11,829.00 2,007.00 -42,478.00 61,074.00 51,664.00 9,920.00
   Cash at Beginning of Period 28,045.00 28,045.00 28,045.00 -84,533.00 107,539.00 107,539.00 107,539.00 112,514.00 105,907.00 105,907.00 88,665.00 136,093.00 211,063.00 211,063.00 211,063.00 253,541.00 130,883.00 130,883.00 130,883.00
   Cash at End of Period 135,082.00 297,748.00 24,845.00 28,045.00 23,457.00 25,756.00 81,332.00 107,539.00 101,848.00 107,952.00 97,286.00 105,907.00 145,915.00 199,234.00 213,070.00 211,063.00 191,957.00 182,547.00 140,803.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0