ICON
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | -2.72 | 3.95 | 0.91 | 1.17 |
| Price to Sales | 0.61 | 1.02 | 0.54 | 0.65 |
| Book Value Per Common Share | 324.03 | 252.94 | 395.06 | 350.81 |
| Price to Book | 0.28 | 0.50 | 0.32 | 0.36 |
| Price to Operating Cash Flow | 3.74 | 1.82 | 0.97 | 0.95 |
| Price to Free Cash Flow | -0.19 | 1.84 | 1.03 | 1.08 |
| Enterprise Value to EBITDA | 17170.91 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | -0.01 | ||||
| Price to Sales | 1.12 | 2.55 | 0.02 | 1.87 | 3.55 |
| Book Value Per Common Share | 9.25 | 9.36 | 9.76 | 324.03 | 348.72 |
| Price to Book | 0.23 | 0.25 | 0.20 | 0.28 | 0.24 |
| Price to Operating Cash Flow | 3.24 | 17.78 | -0.07 | 11.72 | -8.29 |
| Price to Free Cash Flow | 3.24 | -1.85 | -0.01 | -0.18 | -8.29 |
| Enterprise Value to EBITDA | 20539.58 | 126479.96 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | -76.90 | 27.89 | ||
| Revenue YoY | 18.61 | -38.19 | 21.47 | |
| EBITDA YoY | -14.17 | -58.47 | 36.92 | |
| Net Profit YoY | -72.77 | 27.89 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | |||||
| Revenue YoY | 106.48 | 32.59 | -11.70 | 100.12 | |
| EBITDA YoY | 459.31 | ||||
| Net Profit YoY |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 26.10 | 74.54 | 115.44 | 78.84 |
| Quick Ratio | 0.78 | 13.90 | 1.52 | |
| Current Ratio | 0.39 | 0.81 | 14.63 | 1.60 |
| Debt to Equity | 1.45 | 0.41 | 0.02 | 0.15 |
| Long-Term Debt to Equity | 1.17 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 1.78 | 1.73 | 403.95 | 26.10 | 50.29 |
| Quick Ratio | 1.01 | 0.90 | 2.76 | ||
| Current Ratio | 1.25 | 1.07 | 2.90 | 0.39 | |
| Debt to Equity | 1.81 | 1.87 | 0.77 | 1.45 | 1.42 |
| Long-Term Debt to Equity | 1.62 | 1.65 | 0.63 | 1.17 | 1.42 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | -4.12 | 8.97 | 29.06 | 22.77 |
| ROE | -10.11 | 12.60 | 29.62 | 26.08 |
| Gross Margin | 27.63 | 39.19 | 62.22 | 58.04 |
| Operating Margin | 4.56 | 25.87 | 58.62 | 55.68 |
| EBITDA Margin | 35.49 | 49.04 | 72.99 | 64.75 |
| Net Profit Margin | -22.36 | 25.80 | 58.58 | 55.65 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | -1.33 | -2.31 | -9.57 | -4.25 | -2.87 |
| ROE | -3.75 | -6.61 | -16.94 | -10.41 | -6.93 |
| Gross Margin | 42.18 | 5.44 | -3.28 | 6.72 | -1.62 |
| Operating Margin | 30.56 | -16.37 | -86.75 | -22.06 | -42.53 |
| EBITDA Margin | 54.66 | 20.18 | -40.79 | -22.06 | -42.53 |
| Net Profit Margin | -18.54 | -66.91 | -236.92 | -70.82 | -101.51 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | 0.00 | 0.01 | 0.01 | 0.00 |
| Dividend Payout Ratio | -20.13 | 286.32 | 62.19 | 35.12 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Dividend Yield | |||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 28,795.00 | 12,882.00 | 14,597.00 | 14,570.00 |
| Current Assets | 1,290.00 | 3,022.00 | 4,039.00 | 2,972.00 |
| Cash and Short-Term Investments | 946.00 | 2,702.00 | 3,551.00 | 2,425.00 |
| Cash and Cash Equivalents | 946.00 | 2,702.00 | 3,551.00 | 2,425.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Net Receivables | 0 | 207.00 | 285.00 | 393.00 |
| Inventory | 133.00 | 57.00 | 134.00 | 55.00 |
| Other Current Assets | 211.00 | 56.00 | 69.00 | 99.00 |
| Non-Current Assets | 27,505.00 | 9,860.00 | 10,558.00 | 11,598.00 |
| Property, Plant, Equipment Net | 26,098.00 | 9,203.00 | 9,861.00 | 10,541.00 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 907.00 | 657.00 | 697.00 | 1,057.00 |
| Other Non-Current Assets | 500.00 | 0.00 | 0.00 | 0.00 |
| Liabilities | 17,049.00 | 3,713.00 | 276.00 | 1,853.00 |
| Current Liabilities | 3,331.00 | 3,713.00 | 276.00 | 1,853.00 |
| Payables and Expenses | 983.00 | 3,466.00 | 276.00 | 1,644.00 |
| Account Payables | 394.00 | 85.00 | 179.00 | 1,356.00 |
| Current Accrued Liabilities | 416.00 | 372.00 | 97.00 | 288.00 |
| Short-Term Debt | 2,213.00 | 0 | 0 | 0 |
| Other Current Liabilities | 135.00 | 0 | 0 | 0 |
| Non-Current Liabilities | 13,718.00 | 0 | 0 | 0 |
| Long-Term Debt | 13,718.00 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0.00 | 0 | 0 | 0 |
| Equity | 11,746.00 | 9,169.00 | 14,321.00 | 12,717.00 |
| Shareholders Equity | 11,746.00 | 9,169.00 | 14,321.00 | 12,717.00 |
| Capital Stock | 2.00 | 2.00 | 2.00 | 0 |
| Share Premium | 11,616.00 | 8,590.00 | 11,590.00 | 10,565.00 |
| Retained Earnings | 128.00 | 577.00 | 2,729.00 | 2,152.00 |
| Treasury Shares | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Debt | 15,931.00 | 0 | 0 | 0 |
| Net Debt | 14,985.00 | 0 | 0 | 0 |
| Common Shares Outstanding | 36.25 | 36.25 | 36.25 | 36.25 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 5,309.00 | 4,476.00 | 7,241.00 | 5,961.00 |
| Cost Of Revenue | 3,842.00 | 2,722.00 | 2,736.00 | 2,501.00 |
| Interest Income | 72.00 | 56.00 | 13.00 | 4.00 |
| Interest Expense | 452.00 | 3.00 | 3.00 | 2.00 |
| Non-Interest Expense | 345.00 | 18.00 | 12.00 | 11.00 |
| Gross Profit | 1,467.00 | 1,754.00 | 4,505.00 | 3,460.00 |
| Operating Expenses | 785.00 | 292.00 | -73.00 | 134.00 |
| Selling, General and Administrative Expenses | 345.00 | 18.00 | 12.00 | 11.00 |
| Other Operating Expenses | 440.00 | 274.00 | -85.00 | 123.00 |
| Operating Income | 682.00 | 1,462.00 | 4,578.00 | 3,326.00 |
| Net Non-Operating Income | -512.00 | -360.00 | -346.00 | -11.00 |
| EBT | -210.00 | 1,155.00 | 4,242.00 | 3,317.00 |
| Income Tax | 0 | 0 | 0 | 0 |
| Net Income Including Non-Controlling Interests | -210.00 | 1,155.00 | 4,242.00 | 3,317.00 |
| Net Income | -1,187.00 | 1,155.00 | 4,242.00 | 3,317.00 |
| EBIT | 242.00 | 1,158.00 | 4,245.00 | 3,319.00 |
| Deprecation and Amortization | 1,642.00 | 1,037.00 | 1,040.00 | 541.00 |
| EBITDA | 1,884.00 | 2,195.00 | 5,285.00 | 3,860.00 |
| EPS | -0.03 | 0.03 | 0.14 | 0.11 |
| Diluted EPS | -2.43 | 0.03 | 0.14 | 0.11 |
| Average Shares Outstanding Basic | 36.25 | 36.25 | 30.76 | 30.76 |
| Average Shares Outstanding Diluted | 36.25 | 36.25 | 30.76 | 30.76 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 864.00 | 2,505.00 | 3,989.00 | 4,081.00 |
| Operating Net Income | -210.00 | 1,155.00 | 4,242.00 | 3,317.00 |
| Deprecation and Amortization | 1,642.00 | 1,037.00 | 1,040.00 | 541.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 |
| Share Based Compensation | 0 | 0 | 0 | 0 |
| Change in Working Capital | 307.00 | 313.00 | -837.00 | 840.00 |
| Other Operating Activities | -875.00 | 0.00 | -456.00 | -617.00 |
| Investing Cash Flow | -18,025.00 | -22.00 | -225.00 | -491.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -18,025.00 | -22.00 | -225.00 | -491.00 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 15,905.00 | -3,332.00 | -2,638.00 | -1,165.00 |
| Net Issuance/Repayment of Debt | 16,200.00 | 0 | 0 | 0 |
| Net Issuance/Repurchase of Equity | 1,565.00 | 0 | 0 | 0 |
| Dividends Paid | -239.00 | -3,307.00 | -2,638.00 | -1,165.00 |
| Other Financing Activities | -1,621.00 | -25.00 | 0.00 | 0 |
| Net Change in Cash | -1,256.00 | -849.00 | 1,126.00 | 2,425.00 |
| Cash at Beginning of Period | 2,702.00 | 3,551.00 | 2,425.00 | 0 |
| Cash at End of Period | 1,446.00 | 2,702.00 | 3,551.00 | 2,425.00 |
| Free Cash Flow | -17,161.00 | 2,483.00 | 3,764.00 | 3,590.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 58,013.00 | 58,668.00 | 37,768.00 | 28,795.00 | 30,551.00 |
| Current Assets | 5,030.00 | 4,679.00 | 8,390.00 | 1,290.00 | 3,025.00 |
| Cash and Short-Term Investments | 3,969.00 | 3,789.00 | 7,717.00 | 946.00 | 1,823.00 |
| Cash and Cash Equivalents | 3,969.00 | 3,789.00 | 7,717.00 | 946.00 | 1,823.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 106.00 | 160.00 | 286.00 | 0 | 0 |
| Inventory | 281.00 | 294.00 | 187.00 | 133.00 | 0 |
| Other Current Assets | 674.00 | 436.00 | 200.00 | 211.00 | 0 |
| Non-Current Assets | 52,983.00 | 53,989.00 | 29,378.00 | 27,505.00 | 27,526.00 |
| Property, Plant, Equipment Net | 52,143.00 | 53,017.00 | 25,526.00 | 26,098.00 | 26,662.00 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 340.00 | 472.00 | 602.00 | 907.00 | 0 |
| Other Non-Current Assets | 500.00 | 500.00 | 3,250.00 | 500.00 | 0 |
| Liabilities | 37,371.00 | 38,204.00 | 16,434.00 | 17,049.00 | 17,910.00 |
| Current Liabilities | 4,033.00 | 4,383.00 | 2,897.00 | 3,331.00 | 0 |
| Payables and Expenses | 1,994.00 | 1,855.00 | 1,005.00 | 983.00 | 0 |
| Account Payables | 853.00 | 667.00 | 574.00 | 394.00 | 0 |
| Current Accrued Liabilities | 761.00 | 557.00 | 427.00 | 416.00 | 0 |
| Short-Term Debt | 1,887.00 | 2,362.00 | 1,717.00 | 2,213.00 | 0 |
| Other Current Liabilities | 152.00 | 166.00 | 175.00 | 135.00 | 0 |
| Non-Current Liabilities | 33,338.00 | 33,821.00 | 13,537.00 | 13,718.00 | 17,910.00 |
| Long-Term Debt | 33,338.00 | 33,821.00 | 13,537.00 | 13,718.00 | 16,206.00 |
| Other Non-Current Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 1,704.00 |
| Equity | 20,642.00 | 20,464.00 | 21,334.00 | 11,746.00 | 12,641.00 |
| Shareholders Equity | 20,642.00 | 20,464.00 | 21,334.00 | 11,746.00 | 12,641.00 |
| Capital Stock | 4.00 | 4.00 | 4.00 | 2.00 | 0 |
| Share Premium | 24,126.00 | 24,026.00 | 24,179.00 | 11,616.00 | 0 |
| Retained Earnings | -3,488.00 | -3,566.00 | -2,849.00 | 128.00 | 0 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Debt | 35,225.00 | 36,183.00 | 15,254.00 | 15,931.00 | 16,206.00 |
| Net Debt | 9,929.00 | 10,787.00 | 7,537.00 | 14,985.00 | 14,383.00 |
| Common Shares Outstanding | 2,230.48 | 2,185.23 | 2,185.23 | 36.25 | 36.25 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-03-31 |
|---|---|---|---|---|---|---|
| Revenues | 4,175.00 | 2,022.00 | 1,525.00 | 1,727.00 | 863.00 | 0 |
| Cost Of Revenue | 2,414.00 | 1,912.00 | 1,575.00 | 1,611.00 | 877.00 | 0 |
| Interest Income | 26.00 | 45.00 | 34.00 | 14.00 | 31.00 | 0 |
| Interest Expense | 1,198.00 | 386.00 | 1,654.00 | 391.00 | 58.00 | 0 |
| Non-Interest Expense | 153.00 | 197.00 | 490.00 | 234.00 | 99.00 | 0 |
| Gross Profit | 1,761.00 | 110.00 | -50.00 | 116.00 | -14.00 | 0 |
| Operating Expenses | 505.00 | 481.00 | 763.00 | 513.00 | 381.00 | 0 |
| Selling, General and Administrative Expenses | 153.00 | 197.00 | 490.00 | 234.00 | 99.00 | 0 |
| Other Operating Expenses | 352.00 | 284.00 | 273.00 | 279.00 | 282.00 | 0 |
| Operating Income | 1,256.00 | -371.00 | -813.00 | -397.00 | -395.00 | 0 |
| Net Non-Operating Income | -6.00 | -5.00 | -7.00 | -130.00 | -3.00 | 0 |
| EBT | 78.00 | -717.00 | -2,977.00 | -772.00 | -425.00 | 0 |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income Including Non-Controlling Interests | 78.00 | -717.00 | -2,977.00 | -772.00 | -425.00 | 0 |
| Net Income | -774.00 | -1,353.00 | -3,613.00 | -1,223.00 | -876.00 | 0 |
| EBIT | 1,276.00 | -331.00 | -1,323.00 | -381.00 | -367.00 | 0 |
| Deprecation and Amortization | 1,006.00 | 739.00 | 701.00 | 0 | 0 | 258.00 |
| EBITDA | 2,282.00 | 408.00 | -622.00 | -381.00 | -367.00 | 0 |
| EPS | 0 | 0 | -0.19 | 0 | 0 | 0.01 |
| Diluted EPS | 0 | 0 | -0.19 | 0 | 0 | 0.01 |
| Average Shares Outstanding Basic | 0 | 0 | 19.10 | 0 | 0 | 36.25 |
| Average Shares Outstanding Diluted | 0 | 0 | 19.10 | 0 | 0 | 36.25 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | 1,444.00 | 290.00 | -561.00 | 276.00 | -369.00 |
| Operating Net Income | 78.00 | -717.00 | -2,977.00 | 0 | 0 |
| Deprecation and Amortization | 1,006.00 | 739.00 | 701.00 | 0 | 0 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 588.00 | 245.00 | -138.00 | 0 | 0 |
| Other Operating Activities | -228.00 | 23.00 | 1,853.00 | 0 | 0 |
| Investing Cash Flow | 0 | -3,076.00 | -2,750.00 | -19.00 | -18,004.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | 0 | -3,076.00 | -2,750.00 | 0 | 0 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0.00 | 0.00 | 0 | 0 |
| Financing Cash Flow | -1,264.00 | -942.00 | 10,082.00 | -634.00 | 19,719.00 |
| Net Issuance/Repayment of Debt | -980.00 | -790.00 | -700.00 | 0 | 0 |
| Net Issuance/Repurchase of Equity | 153.00 | -153.00 | 11,085.00 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | -437.00 | 1.00 | -303.00 | 0 | 0 |
| Net Change in Cash | 180.00 | -3,728.00 | 6,771.00 | -377.00 | 1,346.00 |
| Cash at Beginning of Period | 4,489.00 | 8,217.00 | 1,446.00 | 1,823.00 | 477.00 |
| Cash at End of Period | 4,669.00 | 4,489.00 | 8,217.00 | 1,446.00 | 1,823.00 |
| Free Cash Flow | 1,444.00 | -2,786.00 | -3,311.00 | -17,749.00 | -369.00 |