HR
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Price to Earnings | -9.36 | -23.28 | |||
| Price to Sales | 4.89 | 4.86 | |||
| Book Value Per Common Share | 14.93 | 17.91 | 19.89 | 14.23 | 14.52 |
| Price to Book | 1.13 | 0.96 | |||
| Price to Operating Cash Flow | 12.35 | 13.06 | |||
| Price to Free Cash Flow | |||||
| Enterprise Value to EBITDA |
| 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 | -24.04 | -27.34 | -130.00 | -12.18 | -13.51 | -17.26 | ||||||||||||||
| Price to Sales | 7.05 | 9.29 | 19.76 | 7.01 | 9.63 | 16.43 | ||||||||||||||
| Book Value Per Common Share | 13.32 | 13.70 | 14.47 | 14.93 | 15.50 | 16.16 | 16.82 | 17.91 | 18.39 | 18.85 | 19.32 | 19.89 | 20.30 | 14.36 | 14.02 | 14.23 | 14.07 | 14.17 | 14.30 | 14.52 |
| Price to Book | 1.35 | 1.16 | 1.17 | 1.13 | 1.17 | 1.02 | 0.84 | 0.96 | ||||||||||||
| Price to Operating Cash Flow | 19.42 | 26.28 | 123.63 | 18.48 | 25.36 | 70.50 | ||||||||||||||
| Price to Free Cash Flow | ||||||||||||||||||||
| Enterprise Value to EBITDA |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Earning YoY | -66.67 | 87.50 | |||
| Revenue YoY | -5.62 | 44.08 | 21.58 | 3.80 | |
| EBITDA YoY | |||||
| Net Profit YoY | -58.28 | 86.28 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earning YoY | 12.50 | 300.00 | 37.04 | 170.00 | ||||||||||||||||
| Revenue YoY | 49.92 | 99.51 | 49.05 | 96.79 | 51.00 | 101.57 | 106.29 | 42.68 | 50.32 | 98.50 | ||||||||||
| EBITDA YoY | ||||||||||||||||||||
| Net Profit YoY | 58.53 | 164.03 | 36.10 | 172.54 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Cash Per Common Share | 0.19 | 0.07 | 0.24 | 0.24 | 0.53 |
| Quick Ratio | |||||
| Current Ratio | |||||
| Debt to Equity | 1.01 | 0.83 | 0.80 | 1.06 | 1.10 |
| Long-Term Debt to Equity |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash Per Common Share | 0.12 | 0.07 | 0.07 | 0.20 | 0.06 | 0.11 | 0.07 | 0.07 | 0.07 | 0.09 | 0.13 | 0.16 | 0.27 | 0.23 | 0.05 | 0.23 | 0.06 | 0.09 | 0.14 | 0.53 |
| Quick Ratio | ||||||||||||||||||||
| Current Ratio | ||||||||||||||||||||
| Debt to Equity | 1.08 | 1.10 | 1.04 | 1.01 | 1.01 | 0.98 | 0.89 | 0.83 | 0.84 | 0.84 | 0.82 | 0.80 | 0.81 | 1.09 | 1.07 | 1.06 | 1.12 | 1.13 | 1.10 | 1.10 |
| Long-Term Debt to Equity |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| ROA | -6.14 | -2.20 | 0.30 | 1.42 | 0.77 |
| ROE | -12.34 | -4.02 | 0.53 | 2.93 | 1.63 |
| Gross Margin | 62.67 | 62.76 | 63.11 | 69.12 | 69.30 |
| Operating Margin | |||||
| EBITDA Margin | |||||
| Net Profit Margin | -51.60 | -20.71 | 4.39 | 12.78 | 7.12 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROA | -2.64 | -1.98 | -0.43 | -4.87 | -3.85 | -2.53 | -1.81 | -1.27 | -0.64 | 0.54 | 1.06 | 0.27 | 1.21 | 0.89 | 0.33 | |||||
| ROE | -5.49 | -4.15 | -0.87 | -9.78 | -7.61 | -4.78 | -3.34 | -2.33 | -1.17 | 0.98 | 2.22 | 0.56 | 2.55 | 1.90 | 0.69 | |||||
| Gross Margin | 62.16 | 62.30 | 61.55 | 62.54 | 62.87 | 62.95 | 62.59 | 63.13 | 63.34 | 61.83 | 60.28 | 67.38 | 69.10 | 69.22 | 68.89 | |||||
| Operating Margin | ||||||||||||||||||||
| EBITDA Margin | ||||||||||||||||||||
| Net Profit Margin | -29.13 | -33.99 | -15.01 | -57.13 | -70.69 | -95.11 | -23.46 | -25.32 | -26.17 | 12.89 | 16.78 | 9.07 | 14.30 | 15.80 | 11.50 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Dividend Yield | |||||
| Dividend Payout Ratio |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | ||||||||||||||||||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Assets | 10,650,923.00 | 12,637,131.00 | 13,849,631.00 | 6,889,689.00 | 6,790,692.00 |
| Cash and Short-Term Investments | 68,916.00 | 25,699.00 | 60,961.00 | 52,353.00 | 115,407.00 |
| Cash and Cash Equivalents | 68,916.00 | 25,699.00 | 60,961.00 | 52,353.00 | 115,407.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 124,970.00 | 116,866.00 | 120,236.00 | 142,604.00 | 128,070.00 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 |
| Property, Plant, Equipment Net | 1,404,906.00 | 1,619,240.00 | 1,776,781.00 | 869,608.00 | 831,492.00 |
| Real Estate | 33,885,994.00 | 38,111,616.00 | 39,884,360.00 | 22,253,795.00 | 22,213,762.00 |
| Goodwill | 0 | 250,530.00 | 223,202.00 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 426,251.00 | 666,497.00 |
| Long-Term Investments | 0 | 0 | 0 | 62,834.00 | 64,360.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 |
| Liabilities | 5,345,049.00 | 5,714,349.00 | 6,167,799.00 | 3,545,373.00 | 3,555,773.00 |
| Payables and Expenses | 0 | 0 | 50,037.00 | 0 | 0 |
| Account Payables | 0 | 0 | 50,037.00 | 0 | 0 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Equity | 5,305,874.00 | 6,922,782.00 | 7,681,832.00 | 3,344,316.00 | 3,234,919.00 |
| Shareholders Equity | 5,234,861.00 | 6,822,662.00 | 7,571,076.00 | 3,257,604.00 | 3,174,239.00 |
| Capital Stock | 3,505.00 | 3,810.00 | 3,806.00 | 2,289.00 | 2,186.00 |
| Share Premium | 9,118,229.00 | 9,602,592.00 | 9,587,637.00 | 5,178,132.00 | 4,916,784.00 |
| Retained Earnings | 0 | 0 | 0 | 0 | 0 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 1,168.00 | 10,741.00 | -2,140.00 | -7,041.00 | -16,979.00 |
| Minority Interest | 66,235.00 | 96,252.00 | 108,742.00 | 86,712.00 | 60,680.00 |
| Investments | 473,122.00 | 311,511.00 | 327,248.00 | 62,834.00 | 64,360.00 |
| Debt | 4,959,616.00 | 5,299,076.00 | 5,704,661.00 | 3,224,408.00 | 3,225,366.00 |
| Net Debt | 4,890,700.00 | 5,273,377.00 | 5,643,700.00 | 3,172,055.00 | 3,109,959.00 |
| Common Shares Outstanding | 350,532.00 | 380,964.00 | 380,590.00 | 228,879.85 | 218,587.01 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Revenues | 1,268,316.00 | 1,343,769.00 | 932,637.00 | 767,073.00 | 738,965.00 |
| Cost Of Revenue | 473,444.00 | 500,437.00 | 344,038.00 | 236,850.00 | 226,859.00 |
| Gross Profit | 794,872.00 | 843,332.00 | 588,599.00 | 530,223.00 | 512,106.00 |
| Selling, General and Administrative Expenses | 83,121.00 | 58,405.00 | 52,734.00 | 49,744.00 | 42,969.00 |
| Net Non-Operating Income | -697,381.00 | -336,227.00 | 64,519.00 | 485.00 | 301.00 |
| Interest Income | 0 | 0 | 0 | 92,762.00 | 94,613.00 |
| Interest Expense | 242,425.00 | 244,096.00 | 148,222.00 | 92,762.00 | 94,613.00 |
| Net Interest | 0 | 0 | 0 | 92,762.00 | 94,613.00 |
| EBT | 0 | 0 | 0 | 0 | 0 |
| Income Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity Method Investments Income | -405.00 | -3,382.00 | -1,387.00 | 1,604.00 | 1,612.00 |
| Net Income Including Non-Controlling Interests | -645,066.00 | -274,439.00 | 41,101.00 | 96,248.00 | 51,728.00 |
| Net Income Non-Controlling Interests | -9,419.00 | -3,822.00 | -204.00 | 1,768.00 | 890.00 |
| Net Income | -654,485.00 | -278,261.00 | 40,897.00 | 98,016.00 | 52,618.00 |
| Deprecation and Amortization | 722,317.00 | 775,890.00 | 477,777.00 | 8,831.00 | 0.00 |
| 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 | 365,553.00 | 378,928.00 | 252,356.00 | 219,439.00 | 218,078.00 |
| Average Shares Outstanding Diluted | 365,553.00 | 378,928.00 | 253,873.00 | 224,215.00 | 221,666.00 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Operating Cash Flow | 501,617.00 | 499,820.00 | 272,747.00 | 385,616.00 | 387,962.00 |
| Operating Net Income | -663,904.00 | -282,083.00 | 40,693.00 | 99,784.00 | 53,508.00 |
| Deprecation and Amortization | 722,317.00 | 775,890.00 | 477,777.00 | 8,831.00 | 0 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 31,824.00 | 14,288.00 | 20,346.00 | 7,262.00 | 8,916.00 |
| Change in Working Capital | 43,229.00 | 40,997.00 | 19,383.00 | 9,430.00 | 2,066.00 |
| Other Operating Activities | 368,151.00 | -49,272.00 | -285,452.00 | 260,309.00 | 323,472.00 |
| Investing Cash Flow | 900,923.00 | 349,140.00 | 1,634,364.00 | -399,855.00 | -319,260.00 |
| Capital Expenditure | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Purchase/Sale of PPE | 248,981.00 | 231,026.00 | 163,544.00 | 107,282.00 | 74,743.00 |
| Net Purchase/Sale of Investments Net | 10,667.00 | 26,803.00 | 1,688.00 | 109,033.00 | 23,846.00 |
| Net Purchase/Sale of Business | 0 | 3,824.00 | 99,967.00 | 0 | 0 |
| Other Investing Activities | 641,275.00 | 87,487.00 | 1,369,165.00 | -616,170.00 | -417,849.00 |
| Financing Cash Flow | -1,359,323.00 | -884,222.00 | -1,859,325.00 | -47,457.00 | 12,447.00 |
| Net Issuance/Repayment of Debt | 375,490.00 | -365,840.00 | 1,870,226.00 | 310,000.00 | 3,853,292.00 |
| Net Issuance/Repurchase of Equity | 8,985.00 | 2,428.00 | 26,094.00 | 254,664.00 | 55,212.00 |
| Dividends Paid | 457,853.00 | 472,242.00 | 283,713.00 | 287,240.00 | 280,528.00 |
| Other Financing Activities | -2,201,651.00 | -993,052.00 | -4,039,358.00 | -899,361.00 | -4,176,585.00 |
| Net Change in Cash | 43,217.00 | -35,262.00 | 47,786.00 | -61,696.00 | 81,149.00 |
| Cash at Beginning of Period | 25,699.00 | 60,961.00 | 13,175.00 | 118,765.00 | 37,616.00 |
| Cash at End of Period | 68,916.00 | 25,699.00 | 60,961.00 | 57,069.00 | 118,765.00 |
| 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 | 9,859,647.00 | 10,235,572.00 | 10,496,269.00 | 10,650,923.00 | 11,244,585.00 | 11,803,627.00 | 12,280,924.00 | 12,637,131.00 | 13,103,728.00 | 13,394,347.00 | 13,568,884.00 | 13,849,631.00 | 14,195,443.00 | 4,548,877.00 | 6,814,908.00 | 6,889,689.00 | 6,775,631.00 | 6,725,404.00 | 6,696,591.00 | 6,790,692.00 |
| Cash and Short-Term Investments | 43,345.00 | 25,507.00 | 25,722.00 | 68,916.00 | 22,801.00 | 41,765.00 | 26,172.00 | 25,699.00 | 24,668.00 | 35,904.00 | 49,941.00 | 60,961.00 | 57,583.00 | 34,312.00 | 10,944.00 | 52,353.00 | 12,836.00 | 19,796.00 | 29,990.00 | 115,407.00 |
| Cash and Cash Equivalents | 43,345.00 | 25,507.00 | 25,722.00 | 68,916.00 | 22,801.00 | 41,765.00 | 26,172.00 | 25,699.00 | 24,668.00 | 35,904.00 | 49,941.00 | 60,961.00 | 57,583.00 | 34,312.00 | 10,944.00 | 52,353.00 | 12,836.00 | 19,796.00 | 29,990.00 | 115,407.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 0 | 0 | 0 | 124,970.00 | 0 | 0 | 0 | 116,866.00 | 0 | 0 | 120,692.00 | 120,236.00 | 118,919.00 | 118,446.00 | 146,378.00 | 142,604.00 | 138,162.00 | 134,806.00 | 130,221.00 | 128,070.00 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Property, Plant, Equipment Net | 1,275,907.00 | 1,349,141.00 | 1,394,399.00 | 1,404,906.00 | 1,454,129.00 | 1,549,508.00 | 1,616,844.00 | 1,619,240.00 | 1,711,580.00 | 1,757,677.00 | 1,748,917.00 | 1,776,781.00 | 1,770,915.00 | 582,510.00 | 872,203.00 | 869,608.00 | 852,656.00 | 824,954.00 | 826,792.00 | 831,492.00 |
| Real Estate | 29,855,220.00 | 32,089,544.00 | 33,877,097.00 | 33,885,994.00 | 35,005,524.00 | 36,318,617.00 | 37,851,519.00 | 38,111,616.00 | 38,437,866.00 | 39,088,485.00 | 39,041,201.00 | 39,884,360.00 | 39,926,824.00 | 15,454,484.00 | 22,357,514.00 | 22,253,795.00 | 22,452,906.00 | 22,322,289.00 | 22,215,248.00 | 22,213,762.00 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 250,530.00 | 250,530.00 | 250,530.00 | 260,822.00 | 223,202.00 | 148,891.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 414,580.00 | 426,251.00 | 526,037.00 | 654,824.00 | 654,866.00 | 666,497.00 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 417,084.00 | 374,841.00 | 309,754.00 | 0 | 325,453.00 | 327,245.00 | 327,746.00 | 0 | 327,752.00 | 210,781.00 | 62,454.00 | 62,834.00 | 63,213.00 | 63,593.00 | 63,972.00 | 64,360.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Liabilities | 5,114,801.00 | 5,354,146.00 | 5,349,427.00 | 5,345,049.00 | 5,645,238.00 | 5,828,935.00 | 5,773,906.00 | 5,714,349.00 | 5,994,945.00 | 6,108,443.00 | 6,102,045.00 | 6,167,799.00 | 6,356,417.00 | 2,371,010.00 | 3,518,541.00 | 3,545,373.00 | 3,576,294.00 | 3,565,516.00 | 3,507,604.00 | 3,555,773.00 |
| Payables and Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 71,453.00 | 50,037.00 | 27,644.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Account Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,483.00 | 50,037.00 | 24,959.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 42,970.00 | 0 | 2,685.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity | 4,744,846.00 | 4,881,426.00 | 5,146,842.00 | 5,305,874.00 | 5,599,347.00 | 5,974,692.00 | 6,507,018.00 | 6,922,782.00 | 7,108,783.00 | 7,285,904.00 | 7,466,839.00 | 7,681,832.00 | 7,839,026.00 | 2,177,867.00 | 3,296,367.00 | 3,344,316.00 | 3,199,337.00 | 3,159,888.00 | 3,188,987.00 | 3,234,919.00 |
| Shareholders Equity | 4,682,934.00 | 4,817,314.00 | 5,078,270.00 | 5,234,861.00 | 5,515,426.00 | 5,887,142.00 | 6,415,895.00 | 6,822,662.00 | 7,003,700.00 | 7,179,399.00 | 7,358,628.00 | 7,571,076.00 | 7,727,213.00 | 2,177,867.00 | 3,212,693.00 | 3,257,604.00 | 3,106,168.00 | 3,101,054.00 | 3,129,338.00 | 3,174,239.00 |
| Capital Stock | 3,516.00 | 3,516.00 | 3,510.00 | 3,505.00 | 3,558.00 | 3,643.00 | 3,815.00 | 3,810.00 | 3,809.00 | 3,808.00 | 3,808.00 | 3,806.00 | 3,806.00 | 1,516.00 | 2,291.00 | 2,289.00 | 2,208.00 | 2,188.00 | 2,188.00 | 2,186.00 |
| Share Premium | 9,134,486.00 | 9,129,338.00 | 9,121,269.00 | 9,118,229.00 | 9,198,004.00 | 9,340,028.00 | 9,609,530.00 | 9,602,592.00 | 9,597,629.00 | 9,595,033.00 | 9,591,194.00 | 9,587,637.00 | 9,586,556.00 | 4,002,526.00 | 5,180,579.00 | 5,178,132.00 | 4,973,001.00 | 4,919,353.00 | 4,917,126.00 | 4,916,784.00 |
| Retained Earnings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 6,461.00 | 9,185.00 | 7,206.00 | 1,168.00 | 16,963.00 | -6,986.00 | -4,791.00 | 10,741.00 | -17,079.00 | -9,328.00 | 8,554.00 | -2,140.00 | -5,524.00 | 1,250.00 | 1,727.00 | -7,041.00 | -11,327.00 | -12,734.00 | -14,231.00 | -16,979.00 |
| Minority Interest | 57,580.00 | 59,780.00 | 63,945.00 | 66,235.00 | 80,046.00 | 83,675.00 | 87,243.00 | 96,252.00 | 101,888.00 | 104,018.00 | 106,211.00 | 108,742.00 | 111,813.00 | 0 | 83,674.00 | 86,712.00 | 93,169.00 | 58,834.00 | 59,649.00 | 60,680.00 |
| Investments | 458,627.00 | 463,430.00 | 470,418.00 | 473,122.00 | 417,084.00 | 374,841.00 | 309,754.00 | 311,511.00 | 325,453.00 | 327,245.00 | 327,746.00 | 327,248.00 | 327,752.00 | 210,781.00 | 62,454.00 | 62,834.00 | 63,213.00 | 63,593.00 | 63,972.00 | 64,360.00 |
| Debt | 4,724,591.00 | 4,971,088.00 | 5,029,320.00 | 4,959,616.00 | 5,259,608.00 | 5,453,953.00 | 5,412,271.00 | 5,299,076.00 | 5,574,819.00 | 5,692,380.00 | 5,714,529.00 | 5,704,661.00 | 5,911,357.00 | 2,220,698.00 | 3,250,110.00 | 3,224,408.00 | 3,274,305.00 | 3,268,675.00 | 3,223,070.00 | 3,225,366.00 |
| Net Debt | 4,681,246.00 | 4,945,581.00 | 5,003,598.00 | 4,890,700.00 | 5,236,807.00 | 5,412,188.00 | 5,386,099.00 | 5,273,377.00 | 5,550,151.00 | 5,656,476.00 | 5,664,588.00 | 5,643,700.00 | 5,853,774.00 | 2,186,386.00 | 3,239,166.00 | 3,172,055.00 | 3,261,469.00 | 3,248,879.00 | 3,193,080.00 | 3,109,959.00 |
| Common Shares Outstanding | 351,604.00 | 351,568.00 | 350,996.00 | 350,532.00 | 355,834.00 | 364,327.00 | 381,502.00 | 380,964.00 | 380,860.00 | 380,858.00 | 380,816.00 | 380,590.00 | 380,572.00 | 151,637.00 | 229,076.32 | 228,879.85 | 220,839.01 | 218,825.74 | 218,823.96 | 218,587.01 |
| 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 | 894,243.00 | 596,478.00 | 298,977.00 | -660,166.00 | 958,550.00 | 643,127.00 | 326,805.00 | -673,552.00 | 1,013,328.00 | 671,068.00 | 332,925.00 | -152,161.00 | 594,575.00 | 288,221.00 | 202,002.00 | -375,898.00 | 571,370.00 | 380,108.00 | 191,493.00 |
| Cost Of Revenue | 338,343.00 | 224,887.00 | 114,963.00 | -245,462.00 | 359,030.00 | 238,798.00 | 121,078.00 | -248,113.00 | 379,074.00 | 247,436.00 | 122,040.00 | -63,267.00 | 226,947.00 | 114,474.00 | 65,884.00 | -116,273.00 | 176,556.00 | 116,988.00 | 59,579.00 |
| Gross Profit | 555,900.00 | 371,591.00 | 184,014.00 | -414,704.00 | 599,520.00 | 404,329.00 | 205,727.00 | -425,439.00 | 634,254.00 | 423,632.00 | 210,885.00 | -88,894.00 | 367,628.00 | 173,747.00 | 136,118.00 | -259,625.00 | 394,814.00 | 263,120.00 | 131,914.00 |
| Selling, General and Administrative Expenses | 58,782.00 | 37,011.00 | 13,530.00 | -9,367.00 | 48,913.00 | 28,788.00 | 14,787.00 | -30,725.00 | 43,796.00 | 30,399.00 | 14,935.00 | -19,607.00 | 38,317.00 | 21,576.00 | 12,448.00 | -14,559.00 | 32,254.00 | 21,489.00 | 10,560.00 |
| Net Non-Operating Income | -322,907.00 | -239,791.00 | -63,893.00 | 704,474.00 | -589,933.00 | -484,276.00 | -327,646.00 | 247,251.00 | -281,846.00 | -207,225.00 | -94,407.00 | -68,674.00 | 111,291.00 | 21,814.00 | 88.00 | -226.00 | 401.00 | 307.00 | 3.00 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,940.00 | -45,793.00 | 69,450.00 | 46,119.00 | 22,986.00 |
| Interest Expense | 160,800.00 | 108,157.00 | 54,812.00 | -126,298.00 | 184,159.00 | 123,510.00 | 61,054.00 | -144,152.00 | 195,397.00 | 129,092.00 | 63,759.00 | 12,830.00 | 82,248.00 | 29,204.00 | 23,940.00 | -45,793.00 | 69,450.00 | 46,119.00 | 22,986.00 |
| Net Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,940.00 | -45,793.00 | 69,450.00 | 46,119.00 | 22,986.00 |
| EBT | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Tax | 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 |
| Equity Method Investments Income | 1,338.00 | 477.00 | 3.00 | 945.00 | -360.00 | -568.00 | -422.00 | 779,448.00 | -1,253.00 | -797.00 | -780,780.00 | -359.00 | -776.00 | -652.00 | 400.00 | -784.00 | 1,198.00 | 798.00 | 392.00 |
| Net Income Including Non-Controlling Interests | -256,848.00 | -199,916.00 | -44,357.00 | 649,047.00 | -539,586.00 | -448,075.00 | -306,452.00 | 214,745.00 | -235,048.00 | -167,964.00 | -86,172.00 | -53,212.00 | 76,349.00 | 0 | 17,964.00 | -64,621.00 | 80,252.00 | 58,950.00 | 21,667.00 |
| Net Income Non-Controlling Interests | -3,614.00 | -2,808.00 | -516.00 | 9,559.00 | -8,053.00 | -6,541.00 | -4,384.00 | 1,731.00 | -2,680.00 | -1,920.00 | -953.00 | -867.00 | 312.00 | 0 | 351.00 | -1,147.00 | 1,461.00 | 1,091.00 | 363.00 |
| Net Income | -260,462.00 | -202,724.00 | -44,873.00 | 658,606.00 | -547,639.00 | -454,616.00 | -310,836.00 | 216,476.00 | -237,728.00 | -169,884.00 | -87,125.00 | -102,436.00 | 76,661.00 | 48,357.00 | 18,315.00 | -65,768.00 | 81,713.00 | 60,041.00 | 22,030.00 |
| Deprecation and Amortization | 472,045.00 | 322,618.00 | 162,610.00 | -392,489.00 | 549,872.00 | 374,986.00 | 189,948.00 | -395,252.00 | 584,483.00 | 391,076.00 | 195,583.00 | 83,334.00 | 279,764.00 | 112,452.00 | 2,227.00 | -4,436.00 | 6,617.00 | 4,427.00 | 2,223.00 |
| 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 | 349,712.00 | 349,584.00 | 349,539.00 | 336,541.00 | 370,254.00 | 375,962.00 | 379,455.00 | 379,125.00 | 378,886.00 | 378,861.00 | 378,840.00 | 421,318.00 | 209,807.00 | 149,321.00 | 228,978.00 | 221,418.00 | 218,798.00 | 218,787.00 | 218,753.00 |
| Average Shares Outstanding Diluted | 349,712.00 | 349,584.00 | 349,539.00 | 336,541.00 | 370,254.00 | 375,962.00 | 379,455.00 | 379,125.00 | 378,886.00 | 378,861.00 | 378,840.00 | 422,105.00 | 210,944.00 | 149,397.00 | 233,046.00 | 229,825.00 | 222,470.00 | 222,297.00 | 222,268.00 |
| 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 | 324,756.00 | 211,003.00 | 47,788.00 | -182,444.00 | 363,605.00 | 244,304.00 | 76,152.00 | -196,196.00 | 372,504.00 | 254,322.00 | 69,190.00 | -17,341.00 | 126,659.00 | 114,121.00 | 49,308.00 | -142,282.00 | 271,618.00 | 190,927.00 | 65,353.00 |
| Operating Net Income | -264,076.00 | -205,532.00 | -45,389.00 | 668,165.00 | -555,692.00 | -461,157.00 | -315,220.00 | 218,207.00 | -240,408.00 | -171,804.00 | -88,078.00 | -103,303.00 | 76,973.00 | 48,357.00 | 18,666.00 | -66,915.00 | 83,174.00 | 61,132.00 | 22,393.00 |
| Deprecation and Amortization | 472,045.00 | 322,618.00 | 162,610.00 | -392,489.00 | 549,872.00 | 374,986.00 | 189,948.00 | -395,252.00 | 584,483.00 | 391,076.00 | 195,583.00 | 83,334.00 | 279,764.00 | 112,452.00 | 2,227.00 | -4,436.00 | 6,617.00 | 4,427.00 | 2,223.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 19,035.00 | 11,802.00 | 3,028.00 | 6,466.00 | 14,852.00 | 6,944.00 | 3,562.00 | -11,090.00 | 11,470.00 | 8,916.00 | 4,992.00 | -5,506.00 | 16,772.00 | 7,055.00 | 2,025.00 | -6,511.00 | 5,034.00 | 5,402.00 | 3,337.00 |
| Change in Working Capital | -8,017.00 | -11,591.00 | -22,676.00 | 119,380.00 | -24,945.00 | -18,719.00 | -32,487.00 | 76,199.00 | 19,917.00 | -4,426.00 | -50,693.00 | 57,511.00 | -3,214.00 | -783.00 | -34,131.00 | 54,350.00 | -8,755.00 | -8,552.00 | -27,613.00 |
| Other Operating Activities | 105,769.00 | 93,706.00 | -49,785.00 | -583,966.00 | 379,518.00 | 342,250.00 | 230,349.00 | -84,260.00 | -2,958.00 | 30,560.00 | 7,386.00 | -49,377.00 | -243,636.00 | -52,960.00 | 60,521.00 | -118,770.00 | 185,548.00 | 128,518.00 | 65,013.00 |
| Investing Cash Flow | 184,344.00 | -41,931.00 | -38,833.00 | 325,947.00 | 482,149.00 | 151,388.00 | -58,561.00 | 201,262.00 | 112,463.00 | -6,145.00 | 41,560.00 | 522,877.00 | 1,425,834.00 | -281,167.00 | -33,180.00 | 52,124.00 | -257,332.00 | -118,348.00 | -76,299.00 |
| 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 | 243,605.00 | 154,781.00 | 69,128.00 | -105,924.00 | 186,742.00 | 117,775.00 | 50,388.00 | -80,017.00 | 156,871.00 | 94,013.00 | 60,159.00 | -8,444.00 | 97,797.00 | 45,631.00 | 28,560.00 | -53,167.00 | 78,047.00 | 53,471.00 | 28,931.00 |
| Net Purchase/Sale of Investments Net | 59,540.00 | 55,989.00 | 15,211.00 | 879.00 | 4,426.00 | 4,033.00 | 1,329.00 | -5,863.00 | 14,597.00 | 11,503.00 | 6,566.00 | -30,814.00 | 3,441.00 | 0 | 29,061.00 | -182,493.00 | 149,552.00 | 141,774.00 | 200.00 |
| Net Purchase/Sale of Business | 1,546.00 | 978.00 | 852.00 | 0 | 0 | 0 | 0 | -7,648.00 | 3,824.00 | 3,824.00 | 3,824.00 | -49,218.00 | 99,586.00 | 49,599.00 | 0 | 0 | 0 | 0 | 0 |
| Net Loan & Lease Activity | 0 | 0 | 0 | 0 | 0 | ||||||||||||||
| Other Investing Activities | -120,347.00 | -253,679.00 | -124,024.00 | 430,992.00 | 290,981.00 | 29,580.00 | -110,278.00 | 294,790.00 | -62,829.00 | -115,485.00 | -28,989.00 | 611,678.00 | 1,225,010.00 | -376,397.00 | -91,126.00 | 287,784.00 | -484,931.00 | -313,593.00 | -105,430.00 |
| Financing Cash Flow | -534,519.00 | -212,330.00 | -52,149.00 | -117,285.00 | -845,294.00 | -379,626.00 | -17,118.00 | 32,042.00 | -521,260.00 | -273,234.00 | -121,770.00 | -481,648.00 | -1,508,085.00 | 188,183.00 | -57,775.00 | 241,869.00 | -113,587.00 | -101,006.00 | -74,733.00 |
| Net Issuance/Repayment of Debt | 1,872,719.00 | 580,878.00 | 129,480.00 | -610,865.00 | 481,143.00 | 367,776.00 | 137,436.00 | -199,988.00 | -137,000.00 | -29,620.00 | 768.00 | 192,603.00 | 1,251,664.00 | 300,959.00 | 125,000.00 | -170,000.00 | 310,000.00 | 155,000.00 | 15,000.00 |
| Net Issuance/Repurchase of Equity | 3,628.00 | 713.00 | 215.00 | 7,713.00 | 425.00 | 425.00 | 422.00 | -3,215.00 | 1,944.00 | 1,919.00 | 1,780.00 | -22,912.00 | 23,745.00 | 23,620.00 | 1,641.00 | 190,915.00 | 57,124.00 | 3,377.00 | 3,248.00 |
| Dividends Paid | 302,528.00 | 217,756.00 | 108,809.00 | -244,098.00 | 348,064.00 | 235,618.00 | 118,269.00 | -236,086.00 | 354,171.00 | 236,105.00 | 118,052.00 | -51,575.00 | 165,735.00 | 93,774.00 | 75,779.00 | -140,807.00 | 213,933.00 | 142,629.00 | 71,485.00 |
| Other Financing Activities | -2,713,394.00 | -1,011,677.00 | -290,653.00 | 729,965.00 | -1,674,926.00 | -983,445.00 | -273,245.00 | 471,331.00 | -740,375.00 | -481,638.00 | -242,370.00 | -599,764.00 | -2,949,229.00 | -230,170.00 | -260,195.00 | 361,761.00 | -694,644.00 | -402,012.00 | -164,466.00 |
| Net Change in Cash | -25,419.00 | -43,258.00 | -43,194.00 | 26,218.00 | 460.00 | 16,066.00 | 473.00 | 37,108.00 | -36,293.00 | -25,057.00 | -11,020.00 | 23,888.00 | 44,408.00 | 21,137.00 | -41,647.00 | 151,711.00 | -99,301.00 | -28,427.00 | -85,679.00 |
| Cash at Beginning of Period | 68,916.00 | 68,916.00 | 68,916.00 | 42,698.00 | 25,699.00 | 25,699.00 | 25,699.00 | -11,409.00 | 60,961.00 | 60,961.00 | 60,961.00 | 37,073.00 | 13,175.00 | 13,175.00 | 57,069.00 | -94,642.00 | 118,765.00 | 118,765.00 | 118,765.00 |
| Cash at End of Period | 43,497.00 | 25,658.00 | 25,722.00 | 68,916.00 | 26,159.00 | 41,765.00 | 26,172.00 | 25,699.00 | 24,668.00 | 35,904.00 | 49,941.00 | 60,961.00 | 57,583.00 | 34,312.00 | 15,422.00 | 57,069.00 | 19,464.00 | 90,338.00 | 33,086.00 |
| Free Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |