Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 31.04 30.58 39.61 18.94 30.42
Price to Sales 7.26 7.31 5.95 8.38 7.72
Book Value Per Common Share 48.17 44.88 40.62 40.48 34.76
Price to Book 3.09 2.86 2.53 3.38 3.32
Price to Operating Cash Flow 18.53 20.45 16.14 24.61 22.09
Price to Free Cash Flow
Enterprise Value to EBITDA 140795.69 149669.35 165986.22 107614.47 166956.94
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 39.18 63.93 124.10 44.75 56.10 102.56 30.90 43.49 89.14 49.37 43.34 112.92 25.52 35.12 97.11
Price to Sales 10.16 16.22 30.66 10.54 13.77 28.11 8.53 13.17 23.58 6.96 10.81 30.14 9.45 14.62 25.84
Book Value Per Common Share 49.39 48.97 48.74 48.17 47.44 46.57 45.79 44.88 44.51 42.54 41.44 40.62 40.03 40.89 40.55 40.48 38.36 37.44 35.46 34.76
Price to Book 3.41 3.75 3.54 3.09 3.39 2.94 3.00 2.86 2.47 2.66 2.52 2.53 2.26 2.30 3.26 3.38 2.99 3.17 3.15 3.32
Price to Operating Cash Flow 28.50 42.60 102.50 29.66 35.57 78.05 23.99 35.08 89.27 20.51 30.53 98.04 30.35 41.51 85.51
Price to Free Cash Flow
Enterprise Value to EBITDA 190168.97 309576.90 595768.94 201859.16 256255.86 496528.45 166888.35 246020.72 453689.68 205981.92 223775.99 621163.61 138209.73 191818.05 526170.11

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 14.29 62.16 -64.13 90.50
Revenue YoY 18.76 2.77 5.10 11.21
EBITDA YoY 23.55 42.32 -51.54 84.05
Net Profit YoY 16.30 63.76 -64.37 94.26
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 49.83 106.47 47.13 82.09 36.92 122.22 -15.67 85.47 33.14 193.91
Revenue YoY 46.33 101.02 53.23 103.43 50.52 94.50 48.99 98.13 49.90 87.86
EBITDA YoY 48.97 103.97 49.23 93.00 46.50 100.31 4.56 97.22 34.01 191.55
Net Profit YoY 49.51 106.78 46.96 82.40 37.21 121.98 -15.76 84.47 33.35 193.81

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 7.53 4.68 25.22 4.76 4.68
Quick Ratio 0.06 0.05 0.10 0.03 0.04
Current Ratio 0.99 1.00 1.05 1.01 0.99
Debt to Equity 4.03 4.28 7.54 7.51 5.43
Long-Term Debt to Equity 0.80 1.00 0.98 0.76 0.95
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 3.87 4.14 4.59 7.52 4.36 4.60 3.65 4.61 3.63 16.12 14.69 25.22 12.91 12.28 3.10 4.77 2.95 2.93 2.90 4.60
Quick Ratio 0.04 0.04 0.05 0.06 0.05 0.05 0.05 0.05 0.04 0.11 0.09 0.10 0.05 0.05 0.02 0.03 0.03 0.03 0.04 0.04
Current Ratio 1.01 1.01 1.00 0.99 1.00 0.99 1.01 1.00 1.00 1.10 1.08 1.05 1.04 1.04 1.01 1.01 1.01 1.02 1.00 0.99
Debt to Equity 3.91 4.05 4.09 4.03 3.96 4.15 4.00 4.28 4.37 4.70 5.53 7.54 8.42 8.41 8.18 7.51 5.95 5.33 5.38 5.43
Long-Term Debt to Equity 0.78 0.78 0.79 0.80 0.86 0.88 0.95 1.00 1.03 0.93 0.96 0.98 1.01 1.00 0.76 0.76 0.78 0.88 0.92 0.95

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 1.98 1.74 0.74 2.10 1.66
ROE 9.94 9.18 6.35 17.84 10.64
Gross Margin
Operating Margin 38.59 37.38 25.16 66.76 37.88
EBITDA Margin 51.65 49.65 35.86 77.77 46.99
Net Profit Margin 23.42 23.91 15.01 44.26 25.34
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 1.75 1.14 0.56 1.52 1.02 0.58 1.46 1.07 0.43 0.48 0.56 0.32 1.68 1.41 0.50
ROE 8.58 5.78 2.84 7.54 5.23 2.92 7.82 6.09 2.82 4.55 5.30 2.89 11.67 8.95 3.22
Gross Margin
Operating Margin 40.84 40.15 39.42 39.17 40.35 43.02 40.56 42.57 41.46 23.20 37.66 38.02 57.16 65.26 38.70
EBITDA Margin 53.17 52.23 51.47 52.32 53.72 56.62 52.11 53.54 51.98 33.78 48.13 48.35 68.26 76.35 49.20
Net Profit Margin 25.94 25.39 24.68 23.55 24.55 27.38 27.57 30.24 26.50 14.07 24.88 26.72 37.00 41.60 26.60

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 139,428,000.00 136,084,000.00 194,338,000.00 193,502,000.00 126,200,000.00
   Current Assets 89,095,000.00 84,973,000.00 156,947,000.00 154,300,000.00 87,219,000.00
   Deposits 82,149,000.00 78,980,000.00 141,990,000.00 145,936,000.00 84,083,000.00
      Cash and Short-Term Investments 4,316,000.00 2,641,000.00 14,097,000.00 2,677,000.00 2,583,000.00
            Cash and Cash Equivalents 3,722,000.00 1,961,000.00 14,097,000.00 2,677,000.00 2,583,000.00
            Short-Term Investments 594,000.00 680,000.00 0 0 0
      Net Receivables 1,490,000.00 1,366,000.00 1,169,000.00 1,208,000.00 1,230,000.00
      Inventory 0 0 0 0 0
      Other Current Assets 83,289,000.00 80,966,000.00 141,681,000.00 150,415,000.00 83,406,000.00
   Non-Current Assets 50,333,000.00 51,111,000.00 37,391,000.00 39,202,000.00 38,981,000.00
      Property, Plant, Equipment Net 295,000.00 305,000.00 278,000.00 278,000.00 339,000.00
      Goodwill 30,595,000.00 30,553,000.00 21,111,000.00 21,123,000.00 21,291,000.00
      Intangible Assets 16,306,000.00 17,317,000.00 16,729,000.00 17,723,000.00 18,757,000.00
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 3,137,000.00 2,936,000.00 -727,000.00 78,000.00 -1,406,000.00
Liabilities 111,708,000.00 110,298,000.00 171,577,000.00 170,754,000.00 106,573,000.00
   Current Liabilities 89,553,000.00 84,626,000.00 149,171,000.00 153,411,000.00 87,999,000.00
      Payables and Expenses 1,051,000.00 1,003,000.00 866,000.00 703,000.00 639,000.00
            Account Payables 0 0 0 0 0
            Current Accrued Liabilities 438,000.00 459,000.00 352,000.00 354,000.00 346,000.00
      Short-Term Debt 3,027,000.00 1,954,000.00 4,000.00 1,521,000.00 2,411,000.00
      Other Current Liabilities 85,475,000.00 81,669,000.00 148,301,000.00 151,187,000.00 84,949,000.00
   Non-Current Liabilities 22,155,000.00 25,672,000.00 22,406,000.00 17,343,000.00 18,574,000.00
      Long-Term Debt 17,676,000.00 20,958,000.00 18,372,000.00 12,649,000.00 14,446,000.00
      Other Non-Current Liabilities 4,479,000.00 4,714,000.00 4,034,000.00 4,694,000.00 4,128,000.00
Equity 27,720,000.00 25,786,000.00 22,761,000.00 22,748,000.00 19,627,000.00
   Shareholders Equity 27,647,000.00 25,717,000.00 22,706,000.00 22,709,000.00 19,498,000.00
      Capital Stock 7,000.00 6,000.00 6,000.00 6,000.00 6,000.00
      Share Premium 16,292,000.00 15,953,000.00 14,313,000.00 14,069,000.00 13,845,000.00
      Retained Earnings 18,071,000.00 16,356,000.00 14,943,000.00 14,350,000.00 11,039,000.00
      Treasury Shares 6,385,000.00 6,304,000.00 6,225,000.00 5,520,000.00 5,200,000.00
      Accumulated Other Comprehensive Income -338,000.00 -294,000.00 -331,000.00 -196,000.00 -192,000.00
   Minority Interest 51,000.00 69,000.00 55,000.00 39,000.00 36,000.00
Investments 594,000.00 680,000.00 22,000.00 24,000.00 27,000.00
Debt 20,703,000.00 22,912,000.00 18,376,000.00 14,170,000.00 16,857,000.00
Net Debt 16,387,000.00 20,271,000.00 4,279,000.00 11,493,000.00 14,274,000.00
Common Shares Outstanding 574,000.00 573,000.00 559,000.00 561,000.00 561,000.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 11,761,000.00 9,903,000.00 9,636,000.00 9,168,000.00 8,244,000.00
Operating Expenses 4,970,000.00 4,294,000.00 3,654,000.00 3,697,000.00 3,003,000.00
   Selling, General and Administrative Expenses 1,420,000.00 1,123,000.00 1,040,000.00 1,040,000.00 878,000.00
   Other Operating Expenses 3,550,000.00 3,171,000.00 2,614,000.00 2,657,000.00 2,125,000.00
Operating Income 4,309,000.00 3,694,000.00 3,638,000.00 3,449,000.00 3,033,000.00
Net Non-Operating Income -681,000.00 -800,000.00 -1,830,000.00 2,249,000.00 -267,000.00
Interest Expense 910,000.00 808,000.00 616,000.00 423,000.00 357,000.00
EBT 3,628,000.00 2,894,000.00 1,808,000.00 5,698,000.00 2,766,000.00
Income Tax 826,000.00 456,000.00 310,000.00 1,629,000.00 658,000.00
Net Income Including Non-Controlling Interests 2,802,000.00 2,298,000.00 1,394,000.00 4,047,000.00 2,070,000.00
Net Income Non-Controlling Interests -48,000.00 70,000.00 52,000.00 11,000.00 19,000.00
Net Income 2,754,000.00 2,368,000.00 1,446,000.00 4,058,000.00 2,089,000.00
EBIT 4,538,000.00 3,702,000.00 2,424,000.00 6,121,000.00 3,123,000.00
Deprecation and Amortization 1,537,000.00 1,215,000.00 1,031,000.00 1,009,000.00 751,000.00
EBITDA 6,075,000.00 4,917,000.00 3,455,000.00 7,130,000.00 3,874,000.00
EPS 0.00 0.00 0.00 0.01 0.00
Diluted EPS 0.00 0.00 0.00 0.01 0.00
Average Shares Outstanding Basic 573,000.00 564,000.00 559,000.00 562,000.00 552,000.00
Average Shares Outstanding Diluted 576,000.00 565,000.00 561,000.00 565,000.00 555,000.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 4,609,000.00 3,542,000.00 3,554,000.00 3,123,000.00 2,881,000.00
   Operating Net Income 2,802,000.00 2,438,000.00 1,498,000.00 4,069,000.00 2,108,000.00
   Deprecation and Amortization 1,537,000.00 1,215,000.00 1,031,000.00 1,009,000.00 751,000.00
   Deferred Income Tax -142,000.00 -329,000.00 -593,000.00 537,000.00 92,000.00
   Share Based Compensation 231,000.00 257,000.00 155,000.00 219,000.00 139,000.00
   Change in Working Capital 336,000.00 -20,000.00 309,000.00 273,000.00 266,000.00
   Other Operating Activities -155,000.00 -19,000.00 1,154,000.00 -2,984,000.00 -475,000.00
Investing Cash Flow -921,000.00 -8,797,000.00 677,000.00 -786,000.00 -9,830,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 752,000.00 489,000.00 482,000.00 452,000.00 410,000.00
   Net Purchase/Sale of Investments Net 1,593,000.00 1,957,000.00 2,000.00 1,000.00 -18,000.00
   Net Purchase/Sale of Business 67,000.00 10,393,000.00 873,000.00 1,420,000.00 9,446,000.00
   Other Investing Activities -3,333,000.00 -21,636,000.00 -680,000.00 -2,659,000.00 -19,668,000.00
Financing Cash Flow 79,000.00 -64,345,000.00 -1,841,000.00 62,026,000.00 6,744,000.00
   Net Issuance/Repayment of Debt 915,000.00 6,640,000.00 12,808,000.00 3,839,000.00 13,804,000.00
   Net Issuance/Repurchase of Equity 0 0 632,000.00 250,000.00 1,247,000.00
   Dividends Paid 1,039,000.00 955,000.00 853,000.00 747,000.00 669,000.00
   Other Financing Activities -1,875,000.00 -71,940,000.00 -16,134,000.00 57,190,000.00 -8,976,000.00
Net Change in Cash 3,753,000.00 -69,593,000.00 2,367,000.00 64,357,000.00 -197,000.00
   Cash at Beginning of Period 80,750,000.00 150,343,000.00 147,976,000.00 83,619,000.00 2,188,000.00
   Cash at End of Period 84,503,000.00 80,750,000.00 150,343,000.00 147,976,000.00 1,991,000.00
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 140,901,000.00 144,175,000.00 142,870,000.00 139,428,000.00 135,201,000.00 137,682,000.00 131,397,000.00 136,084,000.00 137,022,000.00 136,283,000.00 151,550,000.00 194,338,000.00 211,292,000.00 215,207,000.00 208,488,000.00 193,502,000.00 150,662,000.00 134,190,000.00 128,045,000.00 126,200,000.00
   Current Assets 90,846,000.00 93,969,000.00 92,644,000.00 89,095,000.00 84,695,000.00 86,991,000.00 80,542,000.00 84,973,000.00 85,397,000.00 99,222,000.00 114,336,000.00 156,947,000.00 173,712,000.00 176,375,000.00 169,378,000.00 154,300,000.00 112,720,000.00 96,066,000.00 89,175,000.00 87,219,000.00
   Deposits 0 0 0 82,149,000.00 0 80,129,000.00 74,123,000.00 78,980,000.00 79,297,000.00 86,917,000.00 102,072,000.00 141,990,000.00 156,789,000.00 164,483,000.00 161,147,000.00 145,936,000.00 108,698,000.00 92,080,000.00 85,608,000.00 84,083,000.00
      Cash and Short-Term Investments 2,220,000.00 2,379,000.00 2,635,000.00 4,316,000.00 2,498,000.00 2,637,000.00 2,090,000.00 2,641,000.00 2,038,000.00 9,025,000.00 8,214,000.00 14,097,000.00 7,215,000.00 6,875,000.00 1,739,000.00 2,677,000.00 1,663,000.00 1,648,000.00 1,627,000.00 2,583,000.00
            Cash and Cash Equivalents 1,973,000.00 2,255,000.00 2,018,000.00 3,722,000.00 1,998,000.00 2,137,000.00 2,090,000.00 1,961,000.00 1,308,000.00 8,290,000.00 8,214,000.00 14,097,000.00 7,215,000.00 6,875,000.00 1,739,000.00 2,677,000.00 1,663,000.00 1,648,000.00 1,627,000.00 2,583,000.00
            Short-Term Investments 247,000.00 124,000.00 617,000.00 594,000.00 500,000.00 500,000.00 0 680,000.00 730,000.00 735,000.00 0 0 0 0 0 0 0 0 0 0
      Net Receivables 1,543,000.00 1,651,000.00 1,878,000.00 1,490,000.00 1,565,000.00 1,548,000.00 1,645,000.00 1,366,000.00 1,422,000.00 1,313,000.00 1,650,000.00 1,169,000.00 1,248,000.00 1,371,000.00 1,696,000.00 1,208,000.00 1,327,000.00 1,300,000.00 1,530,000.00 1,230,000.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 87,083,000.00 89,939,000.00 88,131,000.00 83,289,000.00 80,632,000.00 82,806,000.00 76,807,000.00 80,966,000.00 81,937,000.00 88,884,000.00 104,472,000.00 141,681,000.00 165,249,000.00 168,129,000.00 165,943,000.00 150,415,000.00 109,730,000.00 93,118,000.00 86,018,000.00 83,406,000.00
   Non-Current Assets 50,055,000.00 50,206,000.00 50,226,000.00 50,333,000.00 50,506,000.00 50,691,000.00 50,855,000.00 51,111,000.00 51,625,000.00 37,061,000.00 37,214,000.00 37,391,000.00 37,580,000.00 38,832,000.00 39,110,000.00 39,202,000.00 37,942,000.00 38,124,000.00 38,870,000.00 38,981,000.00
      Property, Plant, Equipment Net 0 0 0 295,000.00 0 0 0 305,000.00 0 0 0 278,000.00 0 0 0 278,000.00 0 0 0 339,000.00
      Goodwill 30,643,000.00 30,652,000.00 30,617,000.00 30,595,000.00 30,598,000.00 30,553,000.00 30,549,000.00 30,553,000.00 30,463,000.00 21,134,000.00 21,120,000.00 21,111,000.00 21,075,000.00 21,106,000.00 21,141,000.00 21,123,000.00 21,309,000.00 21,315,000.00 21,304,000.00 21,291,000.00
      Intangible Assets 15,589,000.00 15,845,000.00 16,067,000.00 16,306,000.00 16,573,000.00 16,805,000.00 17,056,000.00 17,317,000.00 17,595,000.00 12,814,000.00 12,946,000.00 16,729,000.00 13,210,000.00 13,397,000.00 13,576,000.00 17,723,000.00 18,002,000.00 18,260,000.00 18,490,000.00 18,757,000.00
      Long-Term Investments 388,000.00 385,000.00 377,000.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      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 3,435,000.00 3,324,000.00 3,165,000.00 3,137,000.00 3,335,000.00 3,333,000.00 3,250,000.00 2,936,000.00 3,567,000.00 3,113,000.00 3,148,000.00 -727,000.00 3,295,000.00 4,329,000.00 4,393,000.00 78,000.00 -1,369,000.00 -1,451,000.00 -924,000.00 -1,406,000.00
Liabilities 112,192,000.00 115,648,000.00 114,827,000.00 111,708,000.00 107,928,000.00 110,938,000.00 105,108,000.00 110,298,000.00 111,510,000.00 112,394,000.00 128,339,000.00 171,577,000.00 188,872,000.00 192,346,000.00 185,785,000.00 170,754,000.00 128,983,000.00 112,985,000.00 107,960,000.00 106,573,000.00
   Current Liabilities 89,780,000.00 93,443,000.00 92,720,000.00 89,553,000.00 84,562,000.00 87,464,000.00 80,048,000.00 84,626,000.00 85,282,000.00 90,204,000.00 106,006,000.00 149,171,000.00 166,321,000.00 169,422,000.00 168,479,000.00 153,411,000.00 112,032,000.00 94,250,000.00 89,402,000.00 87,999,000.00
      Payables and Expenses 1,042,000.00 1,067,000.00 1,056,000.00 1,051,000.00 1,045,000.00 1,008,000.00 967,000.00 1,003,000.00 964,000.00 919,000.00 949,000.00 866,000.00 788,000.00 719,000.00 733,000.00 703,000.00 696,000.00 636,000.00 673,000.00 639,000.00
            Account Payables 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
            Current Accrued Liabilities 342,000.00 267,000.00 152,000.00 438,000.00 353,000.00 263,000.00 180,000.00 459,000.00 377,000.00 226,000.00 146,000.00 352,000.00 274,000.00 220,000.00 148,000.00 354,000.00 275,000.00 210,000.00 136,000.00 346,000.00
      Short-Term Debt 1,667,000.00 1,850,000.00 2,932,000.00 3,027,000.00 2,619,000.00 3,234,000.00 1,916,000.00 1,954,000.00 2,257,000.00 0 0 4,000.00 7,000.00 4,000.00 1,777,000.00 1,521,000.00 1,831,000.00 318,000.00 2,068,000.00 2,411,000.00
      Other Current Liabilities 87,071,000.00 90,526,000.00 88,732,000.00 85,475,000.00 80,898,000.00 83,222,000.00 77,165,000.00 81,669,000.00 82,061,000.00 89,285,000.00 105,057,000.00 148,301,000.00 165,526,000.00 168,699,000.00 165,969,000.00 151,187,000.00 109,505,000.00 93,296,000.00 86,661,000.00 84,949,000.00
   Non-Current Liabilities 22,412,000.00 22,205,000.00 22,107,000.00 22,155,000.00 23,366,000.00 23,474,000.00 25,060,000.00 25,672,000.00 26,228,000.00 22,190,000.00 22,333,000.00 22,406,000.00 22,551,000.00 22,924,000.00 17,306,000.00 17,343,000.00 16,951,000.00 18,735,000.00 18,558,000.00 18,574,000.00
      Long-Term Debt 17,842,000.00 17,816,000.00 17,689,000.00 17,676,000.00 18,899,000.00 18,896,000.00 20,393,000.00 20,958,000.00 21,348,000.00 18,346,000.00 18,356,000.00 18,372,000.00 18,380,000.00 18,376,000.00 12,689,000.00 12,649,000.00 12,668,000.00 14,422,000.00 14,437,000.00 14,446,000.00
      Other Non-Current Liabilities 4,570,000.00 4,389,000.00 4,418,000.00 4,479,000.00 4,467,000.00 4,578,000.00 4,667,000.00 4,714,000.00 4,880,000.00 3,844,000.00 3,977,000.00 4,034,000.00 4,171,000.00 4,548,000.00 4,617,000.00 4,694,000.00 4,283,000.00 4,313,000.00 4,121,000.00 4,128,000.00
Equity 28,709,000.00 28,527,000.00 28,043,000.00 27,720,000.00 27,273,000.00 26,744,000.00 26,289,000.00 25,786,000.00 25,512,000.00 23,889,000.00 23,211,000.00 22,761,000.00 22,420,000.00 22,861,000.00 22,703,000.00 22,748,000.00 21,679,000.00 21,205,000.00 20,085,000.00 19,627,000.00
   Shareholders Equity 28,150,000.00 28,008,000.00 27,974,000.00 27,647,000.00 27,233,000.00 26,687,000.00 26,239,000.00 25,717,000.00 25,459,000.00 23,820,000.00 23,167,000.00 22,706,000.00 22,379,000.00 22,814,000.00 22,667,000.00 22,709,000.00 21,559,000.00 21,080,000.00 19,963,000.00 19,498,000.00
      Capital Stock 7,000.00 7,000.00 7,000.00 7,000.00 7,000.00 7,000.00 7,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
      Share Premium 16,568,000.00 16,472,000.00 16,401,000.00 16,292,000.00 16,226,000.00 16,130,000.00 16,047,000.00 15,953,000.00 15,837,000.00 14,449,000.00 14,388,000.00 14,313,000.00 14,269,000.00 14,201,000.00 14,153,000.00 14,069,000.00 14,019,000.00 13,952,000.00 13,908,000.00 13,845,000.00
      Retained Earnings 19,704,000.00 19,164,000.00 18,590,000.00 18,071,000.00 17,632,000.00 17,236,000.00 16,865,000.00 16,356,000.00 16,225,000.00 15,925,000.00 15,362,000.00 14,943,000.00 14,731,000.00 15,135,000.00 14,793,000.00 14,350,000.00 13,009,000.00 12,563,000.00 11,498,000.00 11,039,000.00
      Treasury Shares 7,388,000.00 6,981,000.00 6,721,000.00 6,385,000.00 6,381,000.00 6,377,000.00 6,375,000.00 6,304,000.00 6,278,000.00 6,276,000.00 6,274,000.00 6,225,000.00 6,224,000.00 6,223,000.00 6,064,000.00 5,520,000.00 5,269,000.00 5,267,000.00 5,265,000.00 5,200,000.00
      Accumulated Other Comprehensive Income -247,000.00 -218,000.00 -303,000.00 -338,000.00 -251,000.00 -309,000.00 -305,000.00 -294,000.00 -331,000.00 -284,000.00 -315,000.00 -331,000.00 -403,000.00 -305,000.00 -221,000.00 -196,000.00 -206,000.00 -174,000.00 -184,000.00 -192,000.00
   Minority Interest 43,000.00 61,000.00 47,000.00 51,000.00 40,000.00 57,000.00 50,000.00 69,000.00 53,000.00 69,000.00 44,000.00 55,000.00 41,000.00 47,000.00 36,000.00 39,000.00 33,000.00 36,000.00 31,000.00 36,000.00
Investments 247,000.00 124,000.00 617,000.00 594,000.00 500,000.00 500,000.00 0 680,000.00 730,000.00 735,000.00 0 22,000.00 0 0 0 24,000.00 23,000.00 28,000.00 27,000.00 27,000.00
Debt 19,509,000.00 19,666,000.00 20,621,000.00 20,703,000.00 21,518,000.00 22,130,000.00 22,309,000.00 22,912,000.00 23,605,000.00 18,346,000.00 18,356,000.00 18,376,000.00 18,387,000.00 18,380,000.00 14,466,000.00 14,170,000.00 14,499,000.00 14,740,000.00 16,505,000.00 16,857,000.00
Net Debt 17,289,000.00 17,287,000.00 17,986,000.00 16,387,000.00 19,020,000.00 19,493,000.00 20,219,000.00 20,271,000.00 21,567,000.00 9,321,000.00 10,142,000.00 4,279,000.00 11,172,000.00 11,505,000.00 12,727,000.00 11,493,000.00 12,836,000.00 13,092,000.00 14,878,000.00 14,274,000.00
Common Shares Outstanding 570,000.00 572,000.00 574,000.00 574,000.00 574,000.00 573,000.00 573,000.00 573,000.00 572,000.00 560,000.00 559,000.00 559,000.00 559,000.00 558,000.00 559,000.00 561,000.00 562,000.00 563,000.00 563,000.00 561,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Revenues 9,498,000.00 6,491,000.00 3,229,000.00 -5,469,000.00 8,731,000.00 5,698,000.00 2,801,000.00 -4,614,000.00 7,237,000.00 4,808,000.00 2,472,000.00 -4,954,000.00 7,259,000.00 4,872,000.00 2,459,000.00 -4,664,000.00 6,840,000.00 4,563,000.00 2,429,000.00
Operating Expenses 3,735,000.00 2,498,000.00 1,252,000.00 -2,459,000.00 3,724,000.00 2,478,000.00 1,227,000.00 -1,511,000.00 3,018,000.00 1,860,000.00 927,000.00 -1,855,000.00 2,750,000.00 1,852,000.00 907,000.00 -1,758,000.00 2,737,000.00 1,813,000.00 905,000.00
   Selling, General and Administrative Expenses 1,050,000.00 692,000.00 350,000.00 -636,000.00 1,066,000.00 671,000.00 319,000.00 -503,000.00 813,000.00 539,000.00 274,000.00 -529,000.00 780,000.00 525,000.00 264,000.00 -518,000.00 782,000.00 519,000.00 257,000.00
   Other Operating Expenses 2,685,000.00 1,806,000.00 902,000.00 -1,823,000.00 2,658,000.00 1,807,000.00 908,000.00 -1,008,000.00 2,205,000.00 1,321,000.00 653,000.00 -1,326,000.00 1,970,000.00 1,327,000.00 643,000.00 -1,240,000.00 1,955,000.00 1,294,000.00 648,000.00
Operating Income 3,692,000.00 2,518,000.00 1,221,000.00 -2,115,000.00 3,232,000.00 2,129,000.00 1,063,000.00 -1,968,000.00 2,769,000.00 1,924,000.00 969,000.00 -1,989,000.00 2,774,000.00 1,861,000.00 992,000.00 -1,703,000.00 2,569,000.00 1,691,000.00 892,000.00
Net Non-Operating Income -412,000.00 -319,000.00 -154,000.00 231,000.00 -509,000.00 -304,000.00 -99,000.00 -61,000.00 -391,000.00 -228,000.00 -120,000.00 150,000.00 -1,530,000.00 -290,000.00 -160,000.00 214,000.00 1,020,000.00 1,074,000.00 -59,000.00
Interest Expense 599,000.00 407,000.00 206,000.00 -502,000.00 697,000.00 474,000.00 241,000.00 -276,000.00 557,000.00 351,000.00 176,000.00 -191,000.00 440,000.00 264,000.00 103,000.00 -218,000.00 321,000.00 213,000.00 107,000.00
EBT 3,280,000.00 2,199,000.00 1,067,000.00 -1,884,000.00 2,723,000.00 1,825,000.00 964,000.00 -2,029,000.00 2,378,000.00 1,696,000.00 849,000.00 -1,839,000.00 1,244,000.00 1,571,000.00 832,000.00 -1,489,000.00 3,589,000.00 2,765,000.00 833,000.00
Income Tax 772,000.00 522,000.00 255,000.00 -388,000.00 630,000.00 403,000.00 181,000.00 -256,000.00 330,000.00 207,000.00 175,000.00 -379,000.00 186,000.00 338,000.00 165,000.00 -465,000.00 1,049,000.00 862,000.00 183,000.00
Net Income Including Non-Controlling Interests 2,508,000.00 1,677,000.00 812,000.00 -1,496,000.00 2,093,000.00 1,422,000.00 783,000.00 -1,913,000.00 2,048,000.00 1,489,000.00 674,000.00 -1,564,000.00 1,058,000.00 1,233,000.00 667,000.00 -1,046,000.00 2,540,000.00 1,903,000.00 650,000.00
Net Income Non-Controlling Interests -44,000.00 -29,000.00 -15,000.00 28,000.00 -37,000.00 -23,000.00 -16,000.00 177,000.00 -53,000.00 -35,000.00 -19,000.00 120,000.00 -37,000.00 -21,000.00 -10,000.00 29,000.00 -9,000.00 -5,000.00 -4,000.00
Net Income 2,464,000.00 1,648,000.00 797,000.00 -1,468,000.00 2,056,000.00 1,399,000.00 767,000.00 -1,736,000.00 1,995,000.00 1,454,000.00 655,000.00 -1,444,000.00 1,021,000.00 1,212,000.00 657,000.00 -1,017,000.00 2,531,000.00 1,898,000.00 646,000.00
EBIT 3,879,000.00 2,606,000.00 1,273,000.00 -2,386,000.00 3,420,000.00 2,299,000.00 1,205,000.00 -2,305,000.00 2,935,000.00 2,047,000.00 1,025,000.00 -2,030,000.00 1,684,000.00 1,835,000.00 935,000.00 -1,707,000.00 3,910,000.00 2,978,000.00 940,000.00
Deprecation and Amortization 1,171,000.00 784,000.00 389,000.00 -754,000.00 1,148,000.00 762,000.00 381,000.00 -408,000.00 836,000.00 527,000.00 260,000.00 -501,000.00 768,000.00 510,000.00 254,000.00 -511,000.00 759,000.00 506,000.00 255,000.00
EBITDA 5,050,000.00 3,390,000.00 1,662,000.00 -3,140,000.00 4,568,000.00 3,061,000.00 1,586,000.00 -2,713,000.00 3,771,000.00 2,574,000.00 1,285,000.00 -2,531,000.00 2,452,000.00 2,345,000.00 1,189,000.00 -2,218,000.00 4,669,000.00 3,484,000.00 1,195,000.00
EPS 0.00 0.00 0.00 -0.00 0.00 0.00 0.00 -0.00 0.00 0.00 0.00 -0.00 0.00 0.00 0.00 -0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 573,000.00 574,000.00 574,000.00 573,000.00 573,000.00 573,000.00 573,000.00 576,000.00 561,000.00 560,000.00 559,000.00 556,000.00 559,000.00 560,000.00 561,000.00 561,000.00 563,000.00 562,000.00 562,000.00
Average Shares Outstanding Diluted 576,000.00 576,000.00 577,000.00 578,000.00 576,000.00 575,000.00 575,000.00 576,000.00 562,000.00 561,000.00 561,000.00 557,000.00 561,000.00 562,000.00 564,000.00 565,000.00 565,000.00 565,000.00 565,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Operating Cash Flow 3,387,000.00 2,472,000.00 966,000.00 -1,708,000.00 3,103,000.00 2,205,000.00 1,009,000.00 -1,489,000.00 2,573,000.00 1,805,000.00 653,000.00 -1,389,000.00 2,462,000.00 1,725,000.00 756,000.00 -1,348,000.00 2,130,000.00 1,607,000.00 734,000.00
   Operating Net Income 2,508,000.00 1,677,000.00 812,000.00 -1,496,000.00 2,093,000.00 1,422,000.00 783,000.00 -1,773,000.00 2,048,000.00 1,489,000.00 674,000.00 -1,460,000.00 1,058,000.00 1,233,000.00 667,000.00 -1,024,000.00 2,540,000.00 1,903,000.00 650,000.00
   Deprecation and Amortization 1,171,000.00 784,000.00 389,000.00 -754,000.00 1,148,000.00 762,000.00 381,000.00 -408,000.00 836,000.00 527,000.00 260,000.00 -501,000.00 768,000.00 510,000.00 254,000.00 -511,000.00 759,000.00 506,000.00 255,000.00
   Deferred Income Tax 88,000.00 -109,000.00 -60,000.00 223,000.00 -199,000.00 -116,000.00 -50,000.00 240,000.00 -247,000.00 -239,000.00 -83,000.00 155,000.00 -515,000.00 -147,000.00 -86,000.00 271,000.00 134,000.00 154,000.00 -22,000.00
   Share Based Compensation 13,000.00 9,000.00 5,000.00 -141,000.00 185,000.00 124,000.00 63,000.00 -32,000.00 164,000.00 85,000.00 40,000.00 -75,000.00 116,000.00 76,000.00 38,000.00 -2,000.00 112,000.00 73,000.00 36,000.00
   Change in Working Capital -100,000.00 186,000.00 689,000.00 -856,000.00 370,000.00 308,000.00 514,000.00 -1,500,000.00 118,000.00 396,000.00 966,000.00 -1,329,000.00 376,000.00 351,000.00 911,000.00 -1,126,000.00 389,000.00 279,000.00 731,000.00
   Other Operating Activities -293,000.00 -75,000.00 -869,000.00 1,316,000.00 -494,000.00 -295,000.00 -682,000.00 1,984,000.00 -346,000.00 -453,000.00 -1,204,000.00 1,821,000.00 659,000.00 -298,000.00 -1,028,000.00 1,044,000.00 -1,804,000.00 -1,308,000.00 -916,000.00
Investing Cash Flow -1,167,000.00 -1,085,000.00 -2,153,000.00 -1,251,000.00 -1,000.00 72,000.00 259,000.00 -2,583,000.00 -9,403,000.00 1,144,000.00 2,045,000.00 -687,000.00 -2,361,000.00 2,843,000.00 882,000.00 -2,508,000.00 872,000.00 966,000.00 -116,000.00
   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 525,000.00 356,000.00 189,000.00 -179,000.00 476,000.00 310,000.00 145,000.00 -125,000.00 326,000.00 203,000.00 85,000.00 -150,000.00 325,000.00 204,000.00 103,000.00 -232,000.00 328,000.00 240,000.00 116,000.00
   Net Purchase/Sale of Investments Net 693,000.00 1,036,000.00 290,000.00 -2,197,000.00 1,510,000.00 1,511,000.00 769,000.00 40,000.00 956,000.00 949,000.00 12,000.00 -71,000.00 1,000.00 -1,000.00 73,000.00 -5,000.00 4,000.00 2,000.00 0
   Net Purchase/Sale of Business 19,000.00 13,000.00 11,000.00 9,000.00 32,000.00 26,000.00 0 45,000.00 10,337,000.00 11,000.00 0 -814,000.00 867,000.00 820,000.00 0 -1,116,000.00 1,270,000.00 1,266,000.00 0
   Other Investing Activities -2,404,000.00 -2,490,000.00 -2,643,000.00 1,116,000.00 -2,019,000.00 -1,775,000.00 -655,000.00 -2,543,000.00 -21,022,000.00 -19,000.00 1,948,000.00 348,000.00 -3,554,000.00 1,820,000.00 706,000.00 -1,155,000.00 -730,000.00 -542,000.00 -232,000.00
Financing Cash Flow -932,000.00 2,855,000.00 2,283,000.00 8,704,000.00 -2,717,000.00 -386,000.00 -5,522,000.00 98,603,000.00 -62,711,000.00 -57,886,000.00 -42,351,000.00 -51,130,000.00 16,373,000.00 19,238,000.00 13,678,000.00 68,055,000.00 -2,928,000.00 -2,518,000.00 -583,000.00
   Net Issuance/Repayment of Debt 1,138,000.00 1,322,000.00 -96,000.00 -3,775,000.00 1,756,000.00 2,372,000.00 562,000.00 3,861,000.00 2,771,000.00 4,000.00 4,000.00 797,000.00 8,581,000.00 3,174,000.00 256,000.00 6,907,000.00 267,000.00 -2,992,000.00 -343,000.00
   Net Issuance/Repurchase of Equity 894,000.00 496,000.00 241,000.00 0 0 0 0 0 0 0 0 -1,107,000.00 632,000.00 632,000.00 475,000.00 250,000.00 0 0 0
   Dividends Paid 831,000.00 555,000.00 278,000.00 -518,000.00 780,000.00 519,000.00 258,000.00 -466,000.00 713,000.00 472,000.00 236,000.00 -428,000.00 640,000.00 427,000.00 214,000.00 -375,000.00 561,000.00 374,000.00 187,000.00
   Other Financing Activities -3,795,000.00 482,000.00 1,860,000.00 12,997,000.00 -5,253,000.00 -3,277,000.00 -6,342,000.00 95,208,000.00 -66,195,000.00 -58,362,000.00 -42,591,000.00 -50,392,000.00 6,520,000.00 15,005,000.00 12,733,000.00 61,273,000.00 -3,756,000.00 100,000.00 -427,000.00
Net Change in Cash 1,318,000.00 4,277,000.00 1,106,000.00 5,734,000.00 392,000.00 1,886,000.00 -4,259,000.00 94,538,000.00 -69,548,000.00 -54,931,000.00 -39,652,000.00 -53,168,000.00 16,433,000.00 23,787,000.00 15,315,000.00 64,198,000.00 70,000.00 55,000.00 34,000.00
   Cash at Beginning of Period 84,503,000.00 84,503,000.00 84,503,000.00 78,769,000.00 80,750,000.00 80,750,000.00 80,750,000.00 -13,788,000.00 150,343,000.00 150,343,000.00 150,343,000.00 203,511,000.00 147,976,000.00 147,976,000.00 147,976,000.00 83,778,000.00 1,991,000.00 1,991,000.00 1,991,000.00
   Cash at End of Period 85,821,000.00 88,780,000.00 85,609,000.00 84,503,000.00 81,142,000.00 82,636,000.00 76,491,000.00 80,750,000.00 80,795,000.00 95,412,000.00 110,691,000.00 150,343,000.00 164,409,000.00 171,763,000.00 163,291,000.00 147,976,000.00 2,061,000.00 2,046,000.00 2,025,000.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0