Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 25.79 24.59 29.24 26.03 31.33
Price to Sales 3.82 3.79 4.09 4.20 4.59
Book Value Per Common Share 28.65 24.33 25.01 27.12 25.19
Price to Book 7.88 8.62 8.57 7.69 8.45
Price to Operating Cash Flow 24.12 26.04 27.51 23.91 24.12
Price to Free Cash Flow
Enterprise Value to EBITDA 88074.72 84225.90 170623.29 156703.74 192580.66
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 27.81 49.55 94.53 30.44 46.22 91.63 27.95 48.03 91.45 28.74 49.52 117.22 35.80 53.37 105.89
Price to Sales 4.41 7.42 13.97 4.74 7.44 14.70 4.51 7.68 14.40 4.32 6.84 15.91 5.72 8.83 17.88
Book Value Per Common Share 26.43 25.35 27.17 28.65 26.77 26.08 25.27 24.33 26.14 26.05 25.42 25.01 26.34 26.04 26.98 27.12 25.92 25.98 25.89 25.19
Price to Book 7.96 9.19 7.79 7.88 7.72 8.19 8.12 8.62 7.07 7.96 7.52 8.57 6.34 6.68 7.21 7.69 8.19 8.44 8.38 8.45
Price to Operating Cash Flow 25.90 78.13 229.91 35.26 76.46 298.85 51.53 240.11 -162.79 39.00 143.64 3699.24 43.63 67.58 154.52
Price to Free Cash Flow
Enterprise Value to EBITDA 164551.61 287158.86 534960.70 181813.37 282276.20 561125.63 171767.48 298874.75 569260.74 176368.49 293770.29 689885.28 220155.64 333568.59 657843.32

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 2.70 16.37 -8.49 17.97
Revenue YoY 5.01 3.37 3.12 5.38
EBITDA YoY 2.69 93.55 -7.98 18.40
Net Profit YoY 0.83 13.93 -10.39 15.97
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 61.06 109.82 46.97 106.25 53.01 106.70 65.53 111.45 44.28 100.49
Revenue YoY 51.59 105.40 52.07 105.18 51.15 103.18 51.65 106.89 49.08 104.19
EBITDA YoY 57.74 102.40 28.74 50.42 106.34 3.88 53.82 106.26 59.68 107.60 46.21 98.08
Net Profit YoY 60.45 108.35 46.99 105.54 52.55 106.67 64.80 111.20 44.00 100.21

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 16.83 12.21 14.93 16.69 21.62
Quick Ratio 0.88 0.84 0.88 0.94 1.15
Current Ratio 1.31 1.27 1.25 1.30 1.47
Debt to Equity 1.22 1.22 1.00 2.35 2.63
Long-Term Debt to Equity 0.59 0.55 0.36 1.34 1.55
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 20.86 16.61 15.52 16.86 16.77 15.06 18.40 12.42 11.93 13.16 10.84 15.14 11.73 12.70 14.27 16.88 17.85 17.77 18.18 21.84
Quick Ratio 0.98 0.90 0.83 0.88 0.96 0.83 1.18 0.84 0.92 0.98 0.84 0.88 0.85 0.82 0.84 0.94 0.97 1.06 1.08 1.15
Current Ratio 1.36 1.29 1.25 1.31 1.44 1.21 1.66 1.27 1.35 1.41 1.26 1.25 1.24 1.20 1.21 1.30 1.29 1.41 1.43 1.47
Debt to Equity 1.62 1.72 1.33 1.22 1.33 1.24 1.19 1.22 0.92 0.94 0.90 1.00 0.81 1.03 0.95 2.35 0.94 0.92 0.91 2.63
Long-Term Debt to Equity 0.89 0.97 0.65 0.59 0.71 0.56 0.64 0.55 0.38 0.40 0.33 0.36 0.26 0.38 0.33 1.34 0.33 0.37 0.37 1.55

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 7.59 9.20 7.97 8.60 7.40
ROE 16.85 20.37 15.94 28.80 26.86
Gross Margin -83.97 -25.24 -34.00 -35.99 32.07
Operating Margin 39.83 41.06 20.25 22.94 20.51
EBITDA Margin 43.29 44.27 23.64 26.49 23.58
Net Profit Margin 14.82 15.43 14.00 16.11 14.64
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
ROA 5.99 3.85 1.93 6.01 4.34 2.23 7.17 4.62 2.33 6.55 3.85 1.79 6.41 4.47 2.25
ROE 15.70 10.45 4.49 14.01 9.72 4.87 13.73 8.95 4.43 11.83 7.82 3.49 12.45 8.57 4.28
Gross Margin -85.61 -82.14 -82.24 38.69 38.77 38.68 38.31 38.23 37.97 32.64 32.37 32.26 32.16 32.15 32.47
Operating Margin 22.72 21.67 22.09 22.65 23.10 22.97 22.83 22.45 22.02 20.78 19.51 18.98 22.17 22.68 23.08
EBITDA Margin 26.56 25.52 25.90 26.02 26.31 26.16 26.05 25.60 25.21 24.22 23.00 22.92 25.79 26.30 27.11
Net Profit Margin 15.84 14.96 14.75 15.56 16.10 16.07 16.15 16.00 15.73 15.02 13.82 13.54 15.99 16.55 16.88

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 75,196,000.00 61,525,000.00 62,275,000.00 64,470,000.00 64,586,000.00
   Current Assets 27,908,000.00 23,502,000.00 24,982,000.00 25,372,000.00 28,175,000.00
      Cash and Short-Term Investments 10,953,000.00 8,095,000.00 10,110,000.00 11,557,000.00 15,220,000.00
            Cash and Cash Equivalents 10,567,000.00 7,925,000.00 9,627,000.00 10,959,000.00 14,275,000.00
            Short-Term Investments 386,000.00 170,000.00 483,000.00 598,000.00 945,000.00
      Net Receivables 7,819,000.00 7,530,000.00 7,440,000.00 6,830,000.00 6,827,000.00
      Inventory 6,442,000.00 6,178,000.00 5,538,000.00 5,138,000.00 4,489,000.00
      Other Current Assets 2,694,000.00 1,699,000.00 1,894,000.00 1,847,000.00 1,639,000.00
   Non-Current Assets 47,288,000.00 38,023,000.00 37,293,000.00 39,098,000.00 36,411,000.00
      Property, Plant, Equipment Net 7,219,000.00 6,664,000.00 6,352,000.00 6,509,000.00 6,343,000.00
      Goodwill 48,013,000.00 36,619,000.00 36,069,000.00 37,466,000.00 32,283,000.00
      Intangible Assets 6,656,000.00 3,231,000.00 3,222,000.00 3,613,000.00 3,560,000.00
      Long-Term Investments 1,394,000.00 939,000.00 945,000.00 1,645,000.00 685,000.00
      Non-Current Deferred Assets 238,000.00 392,000.00 421,000.00 489,000.00 760,000.00
      Other Non-Current Assets -16,232,000.00 -9,822,000.00 -9,716,000.00 -10,624,000.00 -7,220,000.00
Liabilities 41,337,000.00 33,750,000.00 31,112,000.00 45,228,000.00 46,796,000.00
   Current Liabilities 21,256,000.00 18,539,000.00 19,938,000.00 19,508,000.00 19,197,000.00
      Payables and Expenses 15,228,000.00 15,770,000.00 15,491,000.00 14,163,000.00 13,155,000.00
            Account Payables 6,880,000.00 7,961,000.00 6,329,000.00 6,484,000.00 5,750,000.00
            Current Accrued Liabilities 8,348,000.00 7,809,000.00 9,162,000.00 7,679,000.00 7,405,000.00
      Short-Term Debt 5,620,000.00 3,881,000.00 4,447,000.00 5,345,000.00 6,042,000.00
      Other Current Liabilities 408,000.00 -1,112,000.00 0.00 0.00 0.00
   Non-Current Liabilities 20,081,000.00 15,211,000.00 11,174,000.00 25,720,000.00 27,599,000.00
      Long-Term Debt 25,479,000.00 16,562,000.00 15,123,000.00 14,254,000.00 16,342,000.00
      Other Non-Current Liabilities -5,398,000.00 -1,351,000.00 -3,949,000.00 11,466,000.00 11,257,000.00
Equity 33,859,000.00 27,775,000.00 31,163,000.00 19,242,000.00 17,790,000.00
   Shareholders Equity 18,619,000.00 15,856,000.00 16,697,000.00 18,569,000.00 17,549,000.00
      Capital Stock 958,000.00 958,000.00 958,000.00 958,000.00 958,000.00
      Share Premium 9,695,000.00 9,062,000.00 8,564,000.00 8,141,000.00 7,292,000.00
      Retained Earnings 50,835,000.00 47,979,000.00 45,093,000.00 42,827,000.00 39,905,000.00
      Treasury Shares 39,378,000.00 38,008,000.00 34,443,000.00 30,462,000.00 27,229,000.00
      Accumulated Other Comprehensive Income -3,491,000.00 -4,135,000.00 -3,475,000.00 -5,790,000.00 -6,754,000.00
   Minority Interest 535,000.00 578,000.00 622,000.00 673,000.00 241,000.00
Investments 1,780,000.00 1,109,000.00 1,428,000.00 2,243,000.00 1,630,000.00
Debt 31,099,000.00 20,443,000.00 19,570,000.00 19,599,000.00 22,384,000.00
Net Debt 20,146,000.00 12,348,000.00 9,460,000.00 8,042,000.00 7,164,000.00
Common Shares Outstanding 649,800.00 651,800.00 667,600.00 684,800.00 696,800.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 38,498,000.00 36,662,000.00 35,466,000.00 34,392,000.00 32,637,000.00
Cost Of Revenue 70,823,000.00 45,914,000.00 47,526,000.00 46,768,000.00 22,169,000.00
Gross Profit -32,325,000.00 -9,252,000.00 -12,060,000.00 -12,376,000.00 10,468,000.00
Operating Expenses -41,024,000.00 0 0 0 0
   Selling, General and Administrative Expenses 8,938,000.00 5,107,000.00 5,220,000.00 4,780,000.00 4,780,000.00
   Research and Development Expenses 1,536,000.00 1,456,000.00 1,478,000.00 1,333,000.00 1,334,000.00
   Other Operating Expenses -51,498,000.00 0 0 0 0
Operating Income 8,699,000.00 0 0 0 0
Net Non-Operating Income 5,575,000.00 0 0 0 0
Interest Income 1,484,000.00 1,086,000.00 940,000.00 756,000.00 789,000.00
Interest Expense 1,058,000.00 765,000.00 802,000.00 654,000.00 682,000.00
Net Interest 426,000.00 321,000.00 138,000.00 102,000.00 107,000.00
EBT 14,274,000.00 14,288,000.00 6,379,000.00 7,235,000.00 6,012,000.00
Income Tax 1,451,000.00 1,481,000.00 1,389,000.00 1,660,000.00 1,183,000.00
Equity Method Investments Income 65,000.00 100,000.00 61,000.00 67,000.00 66,000.00
Net Income Including Non-Controlling Interests 5,740,000.00 5,672,000.00 4,967,000.00 5,474,000.00 4,693,000.00
Net Income Non-Controlling Interests -35,000.00 -14,000.00 -1,000.00 68,000.00 86,000.00
Net Income 5,705,000.00 5,658,000.00 4,966,000.00 5,542,000.00 4,779,000.00
EBIT 15,332,000.00 15,053,000.00 7,181,000.00 7,889,000.00 6,694,000.00
Deprecation and Amortization 1,334,000.00 1,176,000.00 1,204,000.00 1,223,000.00 1,002,000.00
EBITDA 16,666,000.00 16,229,000.00 8,385,000.00 9,112,000.00 7,696,000.00
EPS 0.01 0.01 0.01 0.01 0.01
Diluted EPS 0.01 0.01 0.01 0.01 0.01
Average Shares Outstanding Basic 650,900.00 663,000.00 677,100.00 692,300.00 704,100.00
Average Shares Outstanding Diluted 655,300.00 668,200.00 683,100.00 700,400.00 711,200.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 6,097,000.00 5,340,000.00 5,274,000.00 6,038,000.00 6,208,000.00
   Operating Net Income 17,096,000.00 16,967,000.00 14,899,000.00 16,694,000.00 14,423,000.00
   Deprecation and Amortization 1,334,000.00 1,176,000.00 1,204,000.00 1,223,000.00 1,002,000.00
   Deferred Income Tax -233,000.00 153,000.00 -180,000.00 178,000.00 -175,000.00
   Share Based Compensation 194,000.00 202,000.00 188,000.00 217,000.00 168,000.00
   Change in Working Capital 295,000.00 1,663,000.00 1,149,000.00 2,226,000.00 -732,000.00
   Other Operating Activities -12,589,000.00 -14,821,000.00 -11,986,000.00 -14,500,000.00 -8,478,000.00
Investing Cash Flow -10,157,000.00 -1,293,000.00 -93,000.00 -1,061,000.00 -987,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 1,164,000.00 1,082,000.00 1,561,000.00 1,817,000.00 1,869,000.00
   Net Purchase/Sale of Investments Net 1,947,000.00 1,531,000.00 2,466,000.00 4,898,000.00 6,744,000.00
   Net Purchase/Sale of Business 8,880,000.00 722,000.00 179,000.00 1,759,000.00 261,000.00
   Other Investing Activities -22,148,000.00 -4,628,000.00 -4,299,000.00 -9,535,000.00 -9,861,000.00
Financing Cash Flow 6,839,000.00 -5,763,000.00 -6,330,000.00 -8,254,000.00 -81,000.00
   Net Issuance/Repayment of Debt 37,636,000.00 31,371,000.00 20,911,000.00 17,818,000.00 35,307,000.00
   Net Issuance/Repurchase of Equity 2,192,000.00 3,911,000.00 4,520,000.00 3,609,000.00 4,107,000.00
   Dividends Paid 2,902,000.00 2,855,000.00 2,719,000.00 2,626,000.00 2,592,000.00
   Other Financing Activities -35,891,000.00 -43,900,000.00 -34,480,000.00 -32,307,000.00 -42,087,000.00
Net Change in Cash 2,642,000.00 -1,702,000.00 -1,332,000.00 -3,316,000.00 5,208,000.00
   Cash at Beginning of Period 7,925,000.00 9,627,000.00 10,959,000.00 14,275,000.00 9,067,000.00
   Cash at End of Period 10,567,000.00 7,925,000.00 9,627,000.00 10,959,000.00 14,275,000.00
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 80,917,000.00 78,419,000.00 75,218,000.00 75,196,000.00 73,492,000.00 69,329,000.00 65,645,000.00 61,525,000.00 61,296,000.00 62,337,000.00 59,883,000.00 62,275,000.00 60,287,000.00 62,258,000.00 63,352,000.00 64,470,000.00 64,191,000.00 63,945,000.00 63,561,000.00 64,586,000.00
   Current Assets 30,747,000.00 27,967,000.00 27,645,000.00 27,908,000.00 28,164,000.00 25,369,000.00 27,434,000.00 23,502,000.00 23,320,000.00 24,183,000.00 22,510,000.00 24,982,000.00 22,525,000.00 23,847,000.00 24,281,000.00 25,372,000.00 26,033,000.00 25,652,000.00 25,587,000.00 28,175,000.00
      Cash and Short-Term Investments 13,359,000.00 10,677,000.00 10,059,000.00 10,953,000.00 10,919,000.00 9,807,000.00 12,005,000.00 8,095,000.00 7,934,000.00 8,769,000.00 7,240,000.00 10,110,000.00 7,965,000.00 8,659,000.00 9,774,000.00 11,557,000.00 12,378,000.00 12,353,000.00 12,660,000.00 15,220,000.00
            Cash and Cash Equivalents 12,930,000.00 10,349,000.00 9,657,000.00 10,567,000.00 10,644,000.00 9,576,000.00 11,756,000.00 7,925,000.00 7,770,000.00 8,626,000.00 6,869,000.00 9,627,000.00 7,449,000.00 8,248,000.00 9,281,000.00 10,959,000.00 11,087,000.00 11,427,000.00 11,718,000.00 14,275,000.00
            Short-Term Investments 429,000.00 328,000.00 402,000.00 386,000.00 275,000.00 231,000.00 249,000.00 170,000.00 164,000.00 143,000.00 371,000.00 483,000.00 516,000.00 411,000.00 493,000.00 598,000.00 1,291,000.00 926,000.00 942,000.00 945,000.00
      Net Receivables 8,923,000.00 8,823,000.00 8,251,000.00 7,819,000.00 7,884,000.00 7,759,000.00 7,476,000.00 7,530,000.00 7,833,000.00 7,994,000.00 7,862,000.00 7,440,000.00 7,363,000.00 7,738,000.00 7,119,000.00 6,830,000.00 7,239,000.00 6,947,000.00 6,675,000.00 6,827,000.00
      Inventory 7,118,000.00 7,013,000.00 6,611,000.00 6,442,000.00 6,338,000.00 6,324,000.00 6,318,000.00 6,178,000.00 6,000,000.00 5,890,000.00 5,776,000.00 5,538,000.00 5,501,000.00 5,576,000.00 5,472,000.00 5,138,000.00 4,967,000.00 4,723,000.00 4,607,000.00 4,489,000.00
      Other Current Assets 1,347,000.00 1,454,000.00 2,724,000.00 2,694,000.00 3,023,000.00 1,479,000.00 1,635,000.00 1,699,000.00 1,553,000.00 1,530,000.00 1,632,000.00 1,894,000.00 1,696,000.00 1,874,000.00 1,916,000.00 1,847,000.00 1,449,000.00 1,629,000.00 1,645,000.00 1,639,000.00
   Non-Current Assets 50,170,000.00 50,452,000.00 47,573,000.00 47,288,000.00 45,328,000.00 43,960,000.00 38,211,000.00 38,023,000.00 37,976,000.00 38,154,000.00 37,373,000.00 37,293,000.00 37,762,000.00 38,411,000.00 39,071,000.00 39,098,000.00 38,158,000.00 38,293,000.00 37,974,000.00 36,411,000.00
      Property, Plant, Equipment Net 7,748,000.00 7,428,000.00 7,263,000.00 7,219,000.00 6,862,000.00 6,749,000.00 6,705,000.00 6,664,000.00 6,403,000.00 6,387,000.00 6,330,000.00 6,352,000.00 6,213,000.00 6,250,000.00 6,432,000.00 6,509,000.00 6,450,000.00 6,443,000.00 6,321,000.00 6,343,000.00
      Goodwill 53,153,000.00 53,373,000.00 48,413,000.00 48,013,000.00 43,906,000.00 42,041,000.00 36,362,000.00 36,619,000.00 18,146,000.00 18,252,000.00 17,716,000.00 36,069,000.00 17,103,000.00 17,662,000.00 17,996,000.00 37,466,000.00 17,992,000.00 18,164,000.00 18,017,000.00 32,283,000.00
      Intangible Assets 7,149,000.00 7,356,000.00 6,537,000.00 6,656,000.00 5,749,000.00 5,208,000.00 3,136,000.00 3,231,000.00 3,310,000.00 3,415,000.00 3,168,000.00 3,222,000.00 3,220,000.00 3,385,000.00 3,534,000.00 3,613,000.00 3,637,000.00 3,748,000.00 3,799,000.00 3,560,000.00
      Long-Term Investments 1,568,000.00 1,427,000.00 1,418,000.00 1,394,000.00 1,463,000.00 1,472,000.00 975,000.00 939,000.00 895,000.00 911,000.00 905,000.00 945,000.00 807,000.00 797,000.00 1,035,000.00 1,645,000.00 1,648,000.00 1,962,000.00 746,000.00 685,000.00
      Non-Current Deferred Assets 239,000.00 229,000.00 229,000.00 238,000.00 374,000.00 374,000.00 374,000.00 392,000.00 377,000.00 383,000.00 383,000.00 421,000.00 437,000.00 491,000.00 494,000.00 489,000.00 760,000.00 762,000.00 762,000.00 760,000.00
      Other Non-Current Assets -19,687,000.00 -19,361,000.00 -16,287,000.00 -16,232,000.00 -13,026,000.00 -11,884,000.00 -9,341,000.00 -9,822,000.00 8,845,000.00 8,806,000.00 8,871,000.00 -9,716,000.00 9,982,000.00 9,826,000.00 9,580,000.00 -10,624,000.00 7,671,000.00 7,214,000.00 8,329,000.00 -7,220,000.00
Liabilities 50,062,000.00 49,538,000.00 42,958,000.00 41,337,000.00 41,948,000.00 38,384,000.00 35,603,000.00 33,750,000.00 29,297,000.00 30,160,000.00 28,391,000.00 31,112,000.00 26,923,000.00 31,644,000.00 30,824,000.00 45,228,000.00 31,156,000.00 30,616,000.00 30,241,000.00 46,796,000.00
   Current Liabilities 22,639,000.00 21,619,000.00 22,071,000.00 21,256,000.00 19,534,000.00 21,044,000.00 16,488,000.00 18,539,000.00 17,227,000.00 17,174,000.00 17,896,000.00 19,938,000.00 18,109,000.00 19,947,000.00 20,027,000.00 19,508,000.00 20,207,000.00 18,143,000.00 17,950,000.00 19,197,000.00
      Payables and Expenses 16,847,000.00 16,434,000.00 15,691,000.00 15,228,000.00 15,240,000.00 14,994,000.00 14,444,000.00 15,770,000.00 14,700,000.00 14,386,000.00 14,408,000.00 15,491,000.00 13,360,000.00 13,361,000.00 13,294,000.00 14,163,000.00 13,304,000.00 12,925,000.00 12,747,000.00 13,155,000.00
            Account Payables 8,467,000.00 8,271,000.00 7,842,000.00 6,880,000.00 7,674,000.00 7,487,000.00 7,497,000.00 7,961,000.00 7,504,000.00 7,430,000.00 7,447,000.00 6,329,000.00 6,118,000.00 6,245,000.00 6,285,000.00 6,484,000.00 6,116,000.00 6,139,000.00 5,792,000.00 5,750,000.00
            Current Accrued Liabilities 8,380,000.00 8,163,000.00 7,849,000.00 8,348,000.00 7,566,000.00 7,507,000.00 6,947,000.00 7,809,000.00 7,196,000.00 6,956,000.00 6,961,000.00 9,162,000.00 7,242,000.00 7,116,000.00 7,009,000.00 7,679,000.00 7,188,000.00 6,786,000.00 6,955,000.00 7,405,000.00
      Short-Term Debt 6,945,000.00 6,345,000.00 7,088,000.00 5,620,000.00 4,895,000.00 7,067,000.00 3,073,000.00 3,881,000.00 3,603,000.00 3,773,000.00 4,492,000.00 4,447,000.00 4,749,000.00 6,586,000.00 6,733,000.00 5,345,000.00 6,903,000.00 5,218,000.00 5,203,000.00 6,042,000.00
      Other Current Liabilities -1,153,000.00 -1,160,000.00 -708,000.00 408,000.00 -601,000.00 -1,017,000.00 -1,029,000.00 -1,112,000.00 -1,076,000.00 -985,000.00 -1,004,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Non-Current Liabilities 27,423,000.00 27,919,000.00 20,887,000.00 20,081,000.00 22,414,000.00 17,340,000.00 19,115,000.00 15,211,000.00 12,070,000.00 12,986,000.00 10,495,000.00 11,174,000.00 8,814,000.00 11,697,000.00 10,797,000.00 25,720,000.00 10,949,000.00 12,473,000.00 12,291,000.00 27,599,000.00
      Long-Term Debt 30,092,000.00 30,167,000.00 25,744,000.00 25,479,000.00 25,934,000.00 20,865,000.00 22,183,000.00 16,562,000.00 16,683,000.00 17,600,000.00 14,670,000.00 15,123,000.00 12,236,000.00 12,491,000.00 12,636,000.00 14,254,000.00 14,346,000.00 16,138,000.00 16,124,000.00 16,342,000.00
      Other Non-Current Liabilities -2,669,000.00 -2,248,000.00 -4,857,000.00 -5,398,000.00 -3,520,000.00 -3,525,000.00 -3,068,000.00 -1,351,000.00 -4,613,000.00 -4,614,000.00 -4,175,000.00 -3,949,000.00 -3,422,000.00 -794,000.00 -1,839,000.00 11,466,000.00 -3,397,000.00 -3,665,000.00 -3,833,000.00 11,257,000.00
Equity 30,855,000.00 28,881,000.00 32,260,000.00 33,859,000.00 31,544,000.00 30,945,000.00 30,042,000.00 27,775,000.00 31,999,000.00 32,177,000.00 31,492,000.00 31,163,000.00 33,364,000.00 30,614,000.00 32,528,000.00 19,242,000.00 33,035,000.00 33,329,000.00 33,320,000.00 17,790,000.00
   Shareholders Equity 16,782,000.00 16,095,000.00 17,463,000.00 18,619,000.00 17,406,000.00 16,947,000.00 16,454,000.00 15,856,000.00 17,231,000.00 17,299,000.00 16,919,000.00 16,697,000.00 17,707,000.00 17,541,000.00 18,365,000.00 18,569,000.00 17,842,000.00 17,938,000.00 17,986,000.00 17,549,000.00
      Capital Stock 958,000.00 958,000.00 958,000.00 958,000.00 958,000.00 958,000.00 958,000.00 958,000.00 958,000.00 958,000.00 958,000.00 958,000.00 958,000.00 958,000.00 958,000.00 958,000.00 958,000.00 958,000.00 958,000.00 958,000.00
      Share Premium 9,941,000.00 10,048,000.00 9,943,000.00 9,695,000.00 9,554,000.00 9,495,000.00 9,353,000.00 9,062,000.00 8,905,000.00 8,866,000.00 8,774,000.00 8,564,000.00 8,460,000.00 8,397,000.00 8,326,000.00 8,141,000.00 7,612,000.00 7,566,000.00 7,505,000.00 7,292,000.00
      Retained Earnings 53,504,000.00 52,399,000.00 51,550,000.00 50,835,000.00 50,287,000.00 49,576,000.00 48,735,000.00 47,979,000.00 47,426,000.00 46,596,000.00 45,797,000.00 45,093,000.00 44,767,000.00 43,883,000.00 43,288,000.00 42,827,000.00 42,079,000.00 41,467,000.00 40,682,000.00 39,905,000.00
      Treasury Shares 42,982,000.00 42,897,000.00 41,200,000.00 39,378,000.00 38,989,000.00 39,007,000.00 38,544,000.00 38,008,000.00 36,507,000.00 35,510,000.00 35,072,000.00 34,443,000.00 33,182,000.00 32,814,000.00 31,420,000.00 30,462,000.00 29,614,000.00 28,978,000.00 27,975,000.00 27,229,000.00
      Accumulated Other Comprehensive Income -4,639,000.00 -4,413,000.00 -3,788,000.00 -3,491,000.00 -4,404,000.00 -4,075,000.00 -4,048,000.00 -4,135,000.00 -3,551,000.00 -3,611,000.00 -3,538,000.00 -3,475,000.00 -3,296,000.00 -2,883,000.00 -2,787,000.00 -5,790,000.00 -3,193,000.00 -3,075,000.00 -3,184,000.00 -6,754,000.00
   Minority Interest 965,000.00 552,000.00 561,000.00 535,000.00 568,000.00 563,000.00 591,000.00 578,000.00 544,000.00 595,000.00 596,000.00 622,000.00 623,000.00 649,000.00 686,000.00 673,000.00 272,000.00 264,000.00 266,000.00 241,000.00
Investments 1,997,000.00 1,755,000.00 1,820,000.00 1,780,000.00 1,738,000.00 1,703,000.00 1,224,000.00 1,109,000.00 1,059,000.00 1,054,000.00 1,276,000.00 1,428,000.00 1,323,000.00 1,208,000.00 1,528,000.00 2,243,000.00 2,939,000.00 2,888,000.00 1,688,000.00 1,630,000.00
Debt 37,037,000.00 36,512,000.00 32,832,000.00 31,099,000.00 30,829,000.00 27,932,000.00 25,256,000.00 20,443,000.00 20,286,000.00 21,373,000.00 19,162,000.00 19,570,000.00 16,985,000.00 19,077,000.00 19,369,000.00 19,599,000.00 21,249,000.00 21,356,000.00 21,327,000.00 22,384,000.00
Net Debt 23,678,000.00 25,835,000.00 22,773,000.00 20,146,000.00 19,910,000.00 18,125,000.00 13,251,000.00 12,348,000.00 12,352,000.00 12,604,000.00 11,922,000.00 9,460,000.00 9,020,000.00 10,418,000.00 9,595,000.00 8,042,000.00 8,871,000.00 9,003,000.00 8,667,000.00 7,164,000.00
Common Shares Outstanding 634,900.00 634,900.00 642,700.00 649,800.00 650,247.38 649,700.00 651,200.00 651,800.00 659,300.00 664,000.00 665,700.00 667,600.00 672,322.23 673,700.00 680,732.93 684,800.00 688,422.97 690,400.00 694,600.00 696,800.00
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
Revenues 30,582,000.00 20,174,000.00 9,822,000.00 -17,699,000.00 28,410,000.00 18,682,000.00 9,105,000.00 -17,434,000.00 27,222,000.00 18,010,000.00 8,864,000.00 -16,519,000.00 26,280,000.00 17,329,000.00 8,376,000.00 -17,059,000.00 25,735,000.00 17,262,000.00 8,454,000.00
Cost Of Revenue 56,763,000.00 36,744,000.00 17,900,000.00 36,383,000.00 17,418,000.00 11,439,000.00 5,583,000.00 12,498,000.00 16,794,000.00 11,124,000.00 5,498,000.00 12,431,000.00 17,701,000.00 11,720,000.00 5,674,000.00 11,889,000.00 17,458,000.00 11,712,000.00 5,709,000.00
Gross Profit -26,181,000.00 -16,570,000.00 -8,078,000.00 -54,082,000.00 10,992,000.00 7,243,000.00 3,522,000.00 -29,932,000.00 10,428,000.00 6,886,000.00 3,366,000.00 -28,950,000.00 8,579,000.00 5,609,000.00 2,702,000.00 -28,948,000.00 8,277,000.00 5,550,000.00 2,745,000.00
Operating Expenses -33,212,000.00 -21,194,000.00 -10,336,000.00 -49,878,000.00 4,403,000.00 2,950,000.00 1,501,000.00 0 4,347,000.00 2,887,000.00 1,419,000.00 0 2,994,000.00 1,976,000.00 936,000.00 0 0 0 0
   Selling, General and Administrative Expenses 6,820,000.00 4,696,000.00 2,326,000.00 912,000.00 4,061,000.00 2,663,000.00 1,302,000.00 -2,620,000.00 3,831,000.00 2,579,000.00 1,317,000.00 -2,913,000.00 3,965,000.00 2,737,000.00 1,431,000.00 -2,494,000.00 3,595,000.00 2,443,000.00 1,236,000.00
   Research and Development Expenses 1,417,000.00 920,000.00 439,000.00 -676,000.00 1,110,000.00 742,000.00 360,000.00 -729,000.00 1,096,000.00 732,000.00 357,000.00 1,478,000.00 0 0 0 1,333,000.00 0 0 0
   Other Operating Expenses -41,449,000.00 -26,810,000.00 -13,101,000.00 -50,114,000.00 -768,000.00 -455,000.00 -161,000.00 0 -580,000.00 -424,000.00 -255,000.00 0 -971,000.00 -761,000.00 -495,000.00 0 0 0 0
Operating Income 7,031,000.00 4,624,000.00 2,258,000.00 -4,204,000.00 6,589,000.00 4,293,000.00 2,021,000.00 0 6,081,000.00 3,999,000.00 1,947,000.00 0 5,585,000.00 3,633,000.00 1,766,000.00 0 0 0 0
Net Non-Operating Income -1,054,000.00 -869,000.00 -374,000.00 7,093,000.00 -920,000.00 -448,000.00 -150,000.00 0 -428,000.00 -313,000.00 -165,000.00 0 -395,000.00 -424,000.00 -261,000.00 0 0 0 0
Interest Income 1,225,000.00 785,000.00 376,000.00 -618,000.00 1,092,000.00 685,000.00 325,000.00 -473,000.00 804,000.00 509,000.00 246,000.00 276,000.00 347,000.00 212,000.00 105,000.00 99,000.00 333,000.00 215,000.00 109,000.00
Interest Expense 970,000.00 616,000.00 286,000.00 -399,000.00 767,000.00 470,000.00 220,000.00 -325,000.00 563,000.00 357,000.00 170,000.00 275,000.00 270,000.00 172,000.00 85,000.00 128,000.00 263,000.00 173,000.00 90,000.00
Net Interest 255,000.00 169,000.00 90,000.00 -219,000.00 325,000.00 215,000.00 105,000.00 -148,000.00 241,000.00 152,000.00 76,000.00 1,000.00 77,000.00 40,000.00 20,000.00 -29,000.00 70,000.00 42,000.00 19,000.00
EBT 5,977,000.00 3,755,000.00 1,884,000.00 2,889,000.00 5,669,000.00 3,845,000.00 1,871,000.00 3,167,000.00 5,653,000.00 3,686,000.00 1,782,000.00 -3,525,000.00 5,190,000.00 3,209,000.00 1,505,000.00 -3,810,000.00 5,442,000.00 3,742,000.00 1,861,000.00
Income Tax 1,082,000.00 719,000.00 417,000.00 -974,000.00 1,219,000.00 810,000.00 396,000.00 -899,000.00 1,229,000.00 777,000.00 374,000.00 -1,038,000.00 1,244,000.00 812,000.00 371,000.00 -874,000.00 1,274,000.00 847,000.00 413,000.00
Equity Method Investments Income 45,000.00 32,000.00 17,000.00 -28,000.00 47,000.00 30,000.00 16,000.00 -45,000.00 61,000.00 49,000.00 35,000.00 -20,000.00 43,000.00 24,000.00 14,000.00 -32,000.00 53,000.00 32,000.00 14,000.00
Net Income Including Non-Controlling Interests 4,895,000.00 3,036,000.00 1,467,000.00 -3,220,000.00 4,450,000.00 3,035,000.00 1,475,000.00 -3,069,000.00 4,424,000.00 2,909,000.00 1,408,000.00 -2,512,000.00 3,948,000.00 2,397,000.00 1,134,000.00 -2,811,000.00 4,060,000.00 2,819,000.00 1,406,000.00
Net Income Non-Controlling Interests -51,000.00 -17,000.00 -18,000.00 35,000.00 -30,000.00 -28,000.00 -12,000.00 57,000.00 -29,000.00 -28,000.00 -14,000.00 2,000.00 -1,000.00 -2,000.00 0.00 -45,000.00 54,000.00 38,000.00 21,000.00
Net Income 4,844,000.00 3,019,000.00 1,449,000.00 -3,185,000.00 4,420,000.00 3,007,000.00 1,463,000.00 -3,012,000.00 4,395,000.00 2,881,000.00 1,394,000.00 -2,510,000.00 3,947,000.00 2,395,000.00 1,134,000.00 -2,856,000.00 4,114,000.00 2,857,000.00 1,427,000.00
EBIT 6,947,000.00 4,371,000.00 2,170,000.00 2,490,000.00 6,436,000.00 4,315,000.00 2,091,000.00 2,842,000.00 6,216,000.00 4,043,000.00 1,952,000.00 -3,250,000.00 5,460,000.00 3,381,000.00 1,590,000.00 -3,682,000.00 5,705,000.00 3,915,000.00 1,951,000.00
Deprecation and Amortization 1,175,000.00 778,000.00 374,000.00 -514,000.00 957,000.00 600,000.00 291,000.00 -549,000.00 875,000.00 567,000.00 283,000.00 -636,000.00 905,000.00 605,000.00 330,000.00 -676,000.00 933,000.00 625,000.00 341,000.00
EBITDA 8,122,000.00 5,149,000.00 2,544,000.00 1,976,000.00 7,393,000.00 4,915,000.00 2,382,000.00 2,293,000.00 7,091,000.00 4,610,000.00 2,235,000.00 -3,886,000.00 6,365,000.00 3,986,000.00 1,920,000.00 -4,358,000.00 6,638,000.00 4,540,000.00 2,292,000.00
EPS 0.01 0.00 0.00 -0.00 0.01 0.00 0.00 -0.00 0.01 0.00 0.00 -0.00 0.01 0.00 0.00 -0.00 0.01 0.00 0.00
Diluted EPS 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00
Average Shares Outstanding Basic 640,300.00 642,800.00 648,200.00 649,000.00 651,000.00 651,300.00 652,300.00 652,500.00 665,200.00 666,500.00 667,800.00 662,600.00 679,300.00 681,800.00 684,700.00 684,400.00 693,600.00 695,000.00 696,200.00
Average Shares Outstanding Diluted 644,000.00 646,300.00 651,700.00 653,900.00 655,200.00 655,500.00 656,600.00 657,500.00 670,400.00 671,900.00 673,000.00 667,700.00 685,300.00 688,100.00 691,300.00 691,600.00 702,000.00 703,500.00 704,500.00
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 5,204,000.00 1,916,000.00 597,000.00 14,000.00 3,816,000.00 1,819,000.00 448,000.00 3,163,000.00 2,385,000.00 576,000.00 -784,000.00 1,505,000.00 2,908,000.00 825,000.00 36,000.00 -571,000.00 3,375,000.00 2,256,000.00 978,000.00
   Operating Net Income 14,583,000.00 9,074,000.00 4,365,000.00 -9,644,000.00 13,290,000.00 9,049,000.00 4,401,000.00 -9,114,000.00 13,214,000.00 8,671,000.00 4,196,000.00 -7,530,000.00 11,840,000.00 7,187,000.00 3,402,000.00 -8,613,000.00 12,396,000.00 8,609,000.00 4,302,000.00
   Deprecation and Amortization 1,175,000.00 778,000.00 374,000.00 -514,000.00 957,000.00 600,000.00 291,000.00 -549,000.00 875,000.00 567,000.00 283,000.00 -636,000.00 905,000.00 605,000.00 330,000.00 -676,000.00 933,000.00 625,000.00 341,000.00
   Deferred Income Tax 54,000.00 -31,000.00 -19,000.00 -154,000.00 -46,000.00 -36,000.00 3,000.00 -436,000.00 168,000.00 196,000.00 225,000.00 -529,000.00 208,000.00 120,000.00 21,000.00 -175,000.00 189,000.00 101,000.00 63,000.00
   Share Based Compensation 154,000.00 118,000.00 61,000.00 -120,000.00 153,000.00 108,000.00 53,000.00 -114,000.00 148,000.00 109,000.00 59,000.00 -148,000.00 163,000.00 113,000.00 60,000.00 -148,000.00 172,000.00 116,000.00 77,000.00
   Change in Working Capital 2,842,000.00 2,206,000.00 298,000.00 2,185,000.00 -32,000.00 -895,000.00 -963,000.00 866,000.00 407,000.00 309,000.00 81,000.00 1,171,000.00 -261,000.00 395,000.00 -156,000.00 61,000.00 1,744,000.00 642,000.00 -221,000.00
   Other Operating Activities -13,604,000.00 -10,229,000.00 -4,482,000.00 8,261,000.00 -10,506,000.00 -7,007,000.00 -3,337,000.00 12,510,000.00 -12,427,000.00 -9,276,000.00 -5,628,000.00 9,177,000.00 -9,947,000.00 -7,595,000.00 -3,621,000.00 8,980,000.00 -12,059,000.00 -7,837,000.00 -3,584,000.00
Investing Cash Flow -2,368,000.00 -1,880,000.00 -371,000.00 3,723,000.00 -8,202,000.00 -5,405,000.00 -273,000.00 199,000.00 -754,000.00 -709,000.00 -29,000.00 -1,037,000.00 540,000.00 414,000.00 -10,000.00 2,833,000.00 -1,347,000.00 -1,243,000.00 -1,304,000.00
   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 951,000.00 577,000.00 274,000.00 -332,000.00 771,000.00 492,000.00 233,000.00 -257,000.00 696,000.00 439,000.00 204,000.00 480,000.00 536,000.00 352,000.00 193,000.00 530,000.00 632,000.00 420,000.00 235,000.00
   Net Purchase/Sale of Investments Net 2,113,000.00 1,434,000.00 689,000.00 -568,000.00 1,262,000.00 860,000.00 393,000.00 -1,154,000.00 1,212,000.00 861,000.00 612,000.00 -895,000.00 1,718,000.00 1,116,000.00 527,000.00 -3,073,000.00 3,895,000.00 2,728,000.00 1,348,000.00
   Net Purchase/Sale of Business 3,357,000.00 3,320,000.00 5,000.00 -3,080,000.00 7,047,000.00 4,913,000.00 0 -655,000.00 716,000.00 661,000.00 0 -353,000.00 178,000.00 178,000.00 176,000.00 -2,205,000.00 1,334,000.00 1,327,000.00 1,303,000.00
   Other Investing Activities -8,789,000.00 -7,211,000.00 -1,339,000.00 7,703,000.00 -17,282,000.00 -11,670,000.00 -899,000.00 2,265,000.00 -3,378,000.00 -2,670,000.00 -845,000.00 -269,000.00 -1,892,000.00 -1,232,000.00 -906,000.00 7,581,000.00 -7,208,000.00 -5,718,000.00 -4,190,000.00
Financing Cash Flow -640,000.00 -421,000.00 -1,180,000.00 -9,213,000.00 7,058,000.00 5,298,000.00 3,696,000.00 500,000.00 -3,427,000.00 -863,000.00 -1,973,000.00 5,830,000.00 -6,609,000.00 -3,832,000.00 -1,719,000.00 3,035,000.00 -5,195,000.00 -3,877,000.00 -2,217,000.00
   Net Issuance/Repayment of Debt 41,472,000.00 27,197,000.00 8,358,000.00 -20,918,000.00 29,781,000.00 17,797,000.00 10,976,000.00 -24,277,000.00 26,606,000.00 20,280,000.00 8,762,000.00 20,000.00 12,454,000.00 5,940,000.00 2,497,000.00 -6,772,000.00 15,641,000.00 5,575,000.00 3,374,000.00
   Net Issuance/Repurchase of Equity 3,844,000.00 3,702,000.00 1,944,000.00 -1,681,000.00 1,549,000.00 1,509,000.00 815,000.00 -454,000.00 2,338,000.00 1,291,000.00 736,000.00 -1,981,000.00 2,948,000.00 2,512,000.00 1,041,000.00 -1,913,000.00 2,670,000.00 1,963,000.00 889,000.00
   Dividends Paid 2,214,000.00 1,479,000.00 732,000.00 -1,408,000.00 2,161,000.00 1,446,000.00 703,000.00 -1,430,000.00 2,144,000.00 1,416,000.00 725,000.00 -1,336,000.00 2,028,000.00 1,359,000.00 668,000.00 -1,268,000.00 1,950,000.00 1,304,000.00 640,000.00
   Other Financing Activities -48,170,000.00 -32,799,000.00 -12,214,000.00 14,794,000.00 -26,433,000.00 -15,454,000.00 -8,798,000.00 26,661,000.00 -34,515,000.00 -23,850,000.00 -12,196,000.00 9,127,000.00 -24,039,000.00 -13,643,000.00 -5,925,000.00 12,988,000.00 -25,456,000.00 -12,719,000.00 -7,120,000.00
Net Change in Cash 2,363,000.00 -218,000.00 -910,000.00 -5,559,000.00 2,719,000.00 1,651,000.00 3,831,000.00 3,914,000.00 -1,857,000.00 -1,001,000.00 -2,758,000.00 6,567,000.00 -3,510,000.00 -2,711,000.00 -1,678,000.00 5,277,000.00 -3,188,000.00 -2,848,000.00 -2,557,000.00
   Cash at Beginning of Period 10,567,000.00 10,567,000.00 10,567,000.00 16,126,000.00 7,925,000.00 7,925,000.00 7,925,000.00 4,011,000.00 9,627,000.00 9,627,000.00 9,627,000.00 3,060,000.00 10,959,000.00 10,959,000.00 10,959,000.00 5,682,000.00 14,275,000.00 14,275,000.00 14,275,000.00
   Cash at End of Period 12,930,000.00 10,349,000.00 9,657,000.00 10,567,000.00 10,644,000.00 9,576,000.00 11,756,000.00 7,925,000.00 7,770,000.00 8,626,000.00 6,869,000.00 9,627,000.00 7,449,000.00 8,248,000.00 9,281,000.00 10,959,000.00 11,087,000.00 11,427,000.00 11,718,000.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0