INCY

Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 431.69 23.52 52.50 17.07
Price to Sales 3.37 3.80 5.25 5.42
Book Value Per Common Share 17.82 23.14 19.62 17.05 11.90
Price to Book 3.88 2.71 4.09 4.30
Price to Operating Cash Flow 42.66 28.28 18.38 21.59
Price to Free Cash Flow
Enterprise Value to EBITDA 327332.61 153167.41 298358.77 257497.13
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 16.69 23.40 73.84 -82.63 -48.89 74.96 32.64 61.63 722.70 47.26 84.41 467.18 39.30 91.45 338.63
Price to Sales 4.54 5.82 11.14 4.57 6.97 14.52 4.81 7.88 19.93 5.99 10.23 23.97 7.13 14.12 29.54
Book Value Per Common Share 47.50 21.49 18.93 17.82 16.45 15.64 24.02 23.14 22.01 21.23 20.01 19.62 19.00 18.41 17.45 17.05 14.25 13.32 12.41 11.90
Price to Book 1.79 3.17 3.20 3.88 4.02 3.87 2.37 2.71 2.63 2.93 3.61 4.09 3.51 4.13 4.55 4.30 4.83 6.32 6.55
Price to Operating Cash Flow 18.95 42.47 44.08 -305.03 -37.61 58.45 37.01 69.12 -152.60 21.54 43.16 81.47 23.89 48.82 86.68
Price to Free Cash Flow
Enterprise Value to EBITDA 123609.44 157613.20 456176.12 1787786.69 494758.52 206837.07 375649.08 2253462.22 296400.71 504332.68 2006103.10 307183.54 686903.00 2139569.55

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY -94.01 74.51 -64.42
Revenue YoY 14.76 8.87 13.67 11.98
EBITDA YoY -55.61 53.33 -4.85
Net Profit YoY -94.54 75.42 -64.09
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 74.57 254.88 409900.00 75.25 910.00 56.67 429.41 169900.00 90.22 283.33
Revenue YoY 60.22 115.45 59.12 118.49 52.12 118.05 50.06 124.30 62.04 116.70
EBITDA YoY 60.44 226.09 37.64 69.12 417.35 49.64 281.29 83.20 223.24
Net Profit YoY 75.31 256.00 -48.42 76.03 937.88 56.55 424.91 -87.64 89.53 279.17

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 8.15 16.35 14.59 10.65 8.26
Quick Ratio 1.55 3.55 3.36 3.47 3.62
Current Ratio 1.97 3.75 3.54 3.65 3.74
Debt to Equity 0.58 0.31 0.34 0.31 0.36
Long-Term Debt to Equity 0.10 0.07 0.07 0.08 0.12
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
Cash Per Common Share 12.62 10.08 10.02 8.73 12.82 11.67 17.15 16.30 15.74 15.34 13.96 14.54 13.42 12.29 11.50 10.62 10.37 9.46 8.93 8.21
Quick Ratio 2.50 2.19 1.61 1.55 2.31 2.49 3.29 3.55 3.71 3.63 3.71 3.36 3.57 3.67 3.51 3.47 3.77 3.82 3.78 3.62
Current Ratio 3.20 2.85 2.04 1.97 1.87 1.92 3.47 3.75 3.91 3.81 3.95 3.54 3.80 3.91 3.71 3.65 3.94 3.97 3.93 3.74
Debt to Equity 0.36 0.40 0.57 0.58 0.58 0.56 0.32 0.31 0.30 0.31 0.30 0.34 0.30 0.30 0.31 0.31 0.33 0.33 0.34 0.36
Long-Term Debt to Equity 0.07 0.09 0.10 0.10 0.11 0.11 0.06 0.07 0.07 0.07 0.07 0.07 0.07 0.08 0.08 0.08 0.10 0.11 0.11 0.12

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 0.60 8.81 5.83 19.23 -8.30
ROE 0.95 11.51 7.80 25.16 -11.32
Gross Margin 92.64 93.10 93.90 94.94 95.08
Operating Margin 7.52 22.64 15.67 19.17 -17.33
EBITDA Margin 9.62 24.88 17.66 21.10 -15.39
Net Profit Margin 0.77 16.17 10.04 31.76 -11.09
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 15.60 9.67 2.75 -3.36 -5.90 2.38 6.21 3.63 0.37 5.67 3.75 0.75 9.16 5.20 1.46
ROE 21.23 13.50 4.31 -5.32 -9.18 3.14 8.04 4.75 0.49 7.39 4.88 0.98 12.22 6.91 1.96
Gross Margin 93.10 93.30 93.05 92.70 92.85 93.08 93.09 92.90 92.97 94.01 94.33 94.19 94.96 94.87 95.17
Operating Margin 35.12 34.98 22.31 0.16 -7.93 26.86 21.06 18.75 6.47 18.25 18.32 9.71 21.27 18.44 11.52
EBITDA Margin 37.03 36.97 24.43 2.33 -5.64 29.35 23.33 20.99 8.85 20.27 20.32 11.95 23.29 20.60 13.81
Net Profit Margin 27.17 24.83 15.03 -5.51 -14.29 19.25 14.78 12.77 2.68 12.65 12.13 5.18 18.12 15.49 8.85

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 5,444,322.00 6,782,107.00 5,840,984.00 4,933,352.00 3,560,918.00
   Current Assets 3,239,030.00 4,645,402.00 4,092,850.00 3,118,674.00 2,359,894.00
      Cash and Short-Term Investments 1,687,829.00 3,656,043.00 3,238,965.00 2,348,192.00 1,801,377.00
            Cash and Cash Equivalents 1,687,829.00 3,213,376.00 2,951,422.00 2,057,440.00 1,513,008.00
            Short-Term Investments 0 442,667.00 287,543.00 290,752.00 288,369.00
      Net Receivables 853,154.00 743,557.00 644,879.00 616,300.00 481,994.00
      Inventory 58,872.00 62,972.00 41,995.00 27,904.00 16,425.00
      Other Current Assets 639,175.00 182,830.00 167,011.00 126,278.00 60,098.00
   Non-Current Assets 2,205,292.00 2,136,705.00 1,748,134.00 1,814,678.00 1,201,024.00
      Property, Plant, Equipment Net 1,526,811.00 1,503,013.00 1,478,610.00 1,447,820.00 1,114,525.00
      Goodwill 155,593.00 155,593.00 155,593.00 155,593.00 155,593.00
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 75,242.00 750,548.00 479,528.00 769,098.00 822,903.00
      Non-Current Deferred Assets 762,071.00 631,886.00 457,941.00 467,538.00 0
      Other Non-Current Assets -314,425.00 -904,335.00 -823,538.00 -1,025,371.00 -891,997.00
Liabilities 1,996,694.00 1,592,270.00 1,470,865.00 1,163,348.00 949,650.00
   Current Liabilities 1,641,847.00 1,240,379.00 1,157,077.00 854,308.00 631,195.00
      Payables and Expenses 1,598,190.00 1,198,518.00 1,117,360.00 814,667.00 590,511.00
            Account Payables 197,465.00 109,601.00 277,546.00 172,110.00 98,767.00
            Current Accrued Liabilities 1,400,725.00 1,088,917.00 839,814.00 642,557.00 491,744.00
      Short-Term Debt 4,419.00 3,439.00 3,179.00 2,635.00 2,284.00
      Other Current Liabilities 39,238.00 38,422.00 36,538.00 37,006.00 38,400.00
   Non-Current Liabilities 354,847.00 351,891.00 313,788.00 309,040.00 318,455.00
      Long-Term Debt 33,542.00 29,162.00 30,083.00 31,632.00 32,573.00
      Other Non-Current Liabilities 321,305.00 322,729.00 283,705.00 277,408.00 285,882.00
Equity 3,447,628.00 5,189,837.00 4,370,119.00 3,770,004.00 2,611,268.00
   Shareholders Equity 3,447,628.00 5,189,837.00 4,370,119.00 3,770,004.00 2,611,268.00
      Capital Stock 193.00 224.00 223.00 221.00 219.00
      Share Premium 4,533,437.00 5,016,122.00 4,792,041.00 4,567,111.00 4,352,864.00
      Retained Earnings -1,072,881.00 160,385.00 -437,214.00 -777,874.00 -1,726,455.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -13,121.00 13,106.00 15,069.00 -19,454.00 -15,360.00
   Minority Interest 0 0 0 0 0
Investments 928,396.00 1,936,772.00 1,411,950.00 1,676,150.00 1,593,266.00
Debt 37,961.00 32,601.00 33,262.00 34,267.00 34,857.00
Common Shares Outstanding 193,434.30 224,286.86 222,746.72 221,084.43 219,489.33
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 4,241,217.00 3,695,649.00 3,394,635.00 2,986,267.00 2,666,702.00
Cost Of Revenue 312,068.00 254,990.00 206,997.00 150,991.00 131,328.00
Gross Profit 3,929,149.00 3,440,659.00 3,187,638.00 2,835,276.00 2,535,374.00
Operating Expenses 3,867,783.00 2,820,134.00 2,608,198.00 2,249,499.00 2,799,050.00
   Selling, General and Administrative Expenses 1,242,157.00 1,161,293.00 1,002,140.00 739,560.00 516,922.00
   Research and Development Expenses 3,350,748.00 1,780,994.00 1,774,836.00 1,607,479.00 2,380,942.00
   Other Operating Expenses -725,122.00 -122,153.00 -168,778.00 -97,540.00 -98,814.00
Operating Income 61,366.00 620,525.00 579,440.00 585,777.00 -263,676.00
Net Non-Operating Income 255,264.00 213,690.00 -50,324.00 -15,333.00 -200,760.00
Interest Income 130,990.00 0 0 0 0
Interest Expense 2,280.00 2,551.00 2,666.00 1,908.00 2,174.00
Net Interest 128,710.00 0 0 0 0
EBT 316,630.00 834,215.00 529,116.00 570,444.00 -464,436.00
Income Tax 284,015.00 236,616.00 188,456.00 378,137.00 63,479.00
Net Income 32,615.00 597,599.00 340,660.00 948,581.00 -295,697.00
EBIT 318,910.00 836,766.00 531,782.00 572,352.00 -462,262.00
Deprecation and Amortization 89,248.00 82,660.00 67,855.00 57,844.00 51,807.00
EBITDA 408,158.00 919,426.00 599,637.00 630,196.00 -410,455.00
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 207,110.00 223,628.00 222,004.00 220,428.00 218,073.00
Average Shares Outstanding Diluted 210,530.00 225,928.00 223,958.00 222,074.00 218,073.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 335,337.00 496,487.00 969,941.00 749,488.00 -124,599.00
   Operating Net Income 32,615.00 597,599.00 340,660.00 948,581.00 -295,697.00
   Deprecation and Amortization 89,248.00 82,660.00 67,855.00 57,844.00 51,807.00
   Deferred Income Tax -85,553.00 -158,898.00 57,091.00 -465,604.00 -350.00
   Share Based Compensation 266,058.00 215,889.00 188,420.00 183,006.00 177,877.00
   Change in Working Capital 681,505.00 532,887.00 395,363.00 889,737.00 330,015.00
   Other Operating Activities -648,536.00 -773,650.00 -79,448.00 -864,076.00 -388,251.00
Investing Cash Flow 157,517.00 -207,677.00 -78,542.00 -207,699.00 -269,001.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 100,163.00 47,486.00 77,833.00 181,006.00 187,379.00
   Net Purchase/Sale of Investments Net 489,639.00 761,804.00 159,011.00 466,678.00 1,030,344.00
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities -432,285.00 -1,016,967.00 -315,386.00 -855,383.00 -1,486,724.00
Financing Cash Flow -2,021,547.00 -20,033.00 -794.00 6,176.00 71,709.00
   Net Issuance/Repayment of Debt 3,798.00 3,360.00 2,862.00 2,417.00 836.00
   Net Issuance/Repurchase of Equity 2,054,091.00 35,836.00 61,115.00 58,626.00 110,305.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities -4,079,436.00 -59,229.00 -64,771.00 -54,867.00 -39,432.00
Net Change in Cash -1,525,770.00 262,101.00 893,960.00 544,395.00 -318,942.00
   Cash at Beginning of Period 3,215,221.00 2,953,120.00 2,059,160.00 1,514,765.00 1,833,707.00
   Cash at End of Period 1,689,451.00 3,215,221.00 2,953,120.00 2,059,160.00 1,514,765.00
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 6,330,356.00 5,821,354.00 5,749,365.00 5,444,322.00 5,012,434.00 4,661,803.00 7,135,605.00 6,782,107.00 6,388,239.00 6,208,259.00 5,797,623.00 5,840,984.00 5,510,214.00 5,319,035.00 5,054,221.00 4,933,352.00 4,198,831.00 3,904,623.00 3,661,436.00 3,560,918.00
   Current Assets 4,277,889.00 3,643,701.00 3,507,421.00 3,239,030.00 2,808,708.00 2,567,085.00 4,849,091.00 4,645,402.00 4,402,665.00 4,264,433.00 3,971,633.00 4,092,850.00 3,821,111.00 3,625,845.00 3,288,091.00 3,118,674.00 2,923,797.00 2,620,060.00 2,449,969.00 2,359,894.00
      Cash and Short-Term Investments 2,455,006.00 1,954,969.00 1,941,722.00 1,687,829.00 2,715,846.00 2,583,539.00 3,850,688.00 3,656,043.00 3,516,453.00 3,423,366.00 3,112,712.00 3,238,965.00 2,977,122.00 2,722,425.00 2,544,160.00 2,348,192.00 2,284,075.00 2,080,967.00 1,962,393.00 1,801,377.00
            Cash and Cash Equivalents 2,455,006.00 1,954,969.00 1,941,722.00 1,687,829.00 1,304,109.00 987,293.00 3,346,204.00 3,213,376.00 3,227,230.00 3,131,123.00 2,821,051.00 2,951,422.00 2,690,622.00 2,435,381.00 2,256,759.00 2,057,440.00 1,999,021.00 1,797,582.00 1,669,968.00 1,513,008.00
            Short-Term Investments 0 0 0 0 1,411,737.00 1,596,246.00 504,484.00 442,667.00 289,223.00 292,243.00 291,661.00 287,543.00 286,500.00 287,044.00 287,401.00 290,752.00 285,054.00 283,385.00 292,425.00 288,369.00
      Net Receivables 895,890.00 842,892.00 823,134.00 853,154.00 758,450.00 739,050.00 745,526.00 743,557.00 657,263.00 637,994.00 623,788.00 644,879.00 618,188.00 682,968.00 562,344.00 616,300.00 516,689.00 438,170.00 397,357.00 481,994.00
      Inventory 83,447.00 83,423.00 63,975.00 58,872.00 70,442.00 100,704.00 63,642.00 62,972.00 57,200.00 35,937.00 40,876.00 41,995.00 45,869.00 54,502.00 35,457.00 27,904.00 21,303.00 16,675.00 16,700.00 16,425.00
      Other Current Assets 843,546.00 762,417.00 678,590.00 639,175.00 -736,030.00 -856,208.00 189,235.00 182,830.00 171,749.00 167,136.00 194,257.00 167,011.00 179,932.00 165,950.00 146,130.00 126,278.00 101,730.00 84,248.00 73,519.00 60,098.00
   Non-Current Assets 2,052,467.00 2,177,653.00 2,241,944.00 2,205,292.00 2,203,726.00 2,094,718.00 2,286,514.00 2,136,705.00 1,985,574.00 1,943,826.00 1,825,990.00 1,748,134.00 1,689,103.00 1,693,190.00 1,766,130.00 1,814,678.00 1,275,034.00 1,284,563.00 1,211,467.00 1,201,024.00
      Property, Plant, Equipment Net 798,634.00 798,543.00 1,530,659.00 1,526,811.00 773,102.00 762,009.00 719,999.00 1,503,013.00 733,046.00 749,352.00 741,701.00 1,478,610.00 715,733.00 721,328.00 729,217.00 1,447,820.00 686,718.00 661,360.00 594,670.00 1,114,525.00
      Goodwill 155,593.00 155,593.00 155,593.00 155,593.00 155,593.00 155,593.00 155,593.00 155,593.00 155,593.00 155,593.00 155,593.00 155,593.00 155,593.00 155,593.00 155,593.00 155,593.00 155,593.00 155,593.00 155,593.00 155,593.00
      Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Investments 87,510.00 53,239.00 69,889.00 75,242.00 113,398.00 187,904.00 1,149,889.00 750,548.00 495,789.00 560,748.00 433,539.00 479,528.00 507,272.00 501,252.00 578,443.00 769,098.00 690,388.00 807,973.00 644,222.00 822,903.00
      Non-Current Deferred Assets 528,138.00 652,280.00 768,899.00 762,071.00 762,310.00 729,561.00 666,566.00 631,886.00 564,385.00 532,507.00 494,751.00 457,941.00 426,840.00 434,867.00 465,369.00 467,538.00 0 0 0 0
      Other Non-Current Assets 482,592.00 517,998.00 -283,096.00 -314,425.00 399,323.00 259,651.00 -405,533.00 -904,335.00 36,761.00 -54,374.00 406.00 -823,538.00 -116,335.00 -119,850.00 -162,492.00 -1,025,371.00 -257,665.00 -340,363.00 -183,018.00 -891,997.00
Liabilities 1,679,162.00 1,650,451.00 2,081,802.00 1,996,694.00 1,841,214.00 1,664,744.00 1,741,334.00 1,592,270.00 1,456,792.00 1,467,567.00 1,335,055.00 1,470,865.00 1,283,563.00 1,233,974.00 1,191,149.00 1,163,348.00 1,050,174.00 968,762.00 933,592.00 949,650.00
   Current Liabilities 1,338,729.00 1,278,619.00 1,720,290.00 1,641,847.00 1,501,650.00 1,337,055.00 1,396,453.00 1,240,379.00 1,124,680.00 1,118,773.00 1,006,111.00 1,157,077.00 1,006,596.00 926,674.00 886,163.00 854,308.00 742,712.00 660,324.00 623,881.00 631,195.00
      Payables and Expenses 1,288,614.00 1,227,302.00 1,674,095.00 1,598,190.00 1,457,383.00 1,296,026.00 1,355,615.00 1,198,518.00 1,084,801.00 1,078,098.00 965,793.00 1,117,360.00 969,298.00 886,723.00 845,494.00 814,667.00 702,093.00 617,929.00 581,658.00 590,511.00
            Account Payables 171,925.00 241,094.00 195,537.00 197,465.00 178,710.00 148,174.00 164,238.00 109,601.00 139,411.00 155,538.00 55,633.00 277,546.00 163,175.00 194,770.00 152,547.00 172,110.00 114,509.00 122,100.00 85,058.00 98,767.00
            Current Accrued Liabilities 1,116,689.00 986,208.00 1,478,558.00 1,400,725.00 1,278,673.00 1,147,852.00 1,191,377.00 1,088,917.00 945,390.00 922,560.00 910,160.00 839,814.00 806,123.00 691,953.00 692,947.00 642,557.00 587,584.00 495,829.00 496,600.00 491,744.00
      Short-Term Debt 4,491.00 4,475.00 4,478.00 4,419.00 3,932.00 3,874.00 3,678.00 3,439.00 3,064.00 3,166.00 3,149.00 3,179.00 3,112.00 3,036.00 2,796.00 2,635.00 2,400.00 2,408.00 2,317.00 2,284.00
      Other Current Liabilities 45,624.00 46,842.00 41,717.00 39,238.00 40,335.00 37,155.00 37,160.00 38,422.00 36,815.00 37,509.00 37,169.00 36,538.00 34,186.00 36,915.00 37,873.00 37,006.00 38,219.00 39,987.00 39,906.00 38,400.00
   Non-Current Liabilities 340,433.00 371,832.00 361,512.00 354,847.00 339,564.00 327,689.00 344,881.00 351,891.00 332,112.00 348,794.00 328,944.00 313,788.00 276,967.00 307,300.00 304,986.00 309,040.00 307,462.00 308,438.00 309,711.00 318,455.00
      Long-Term Debt 30,881.00 31,760.00 32,643.00 33,542.00 28,223.00 28,745.00 28,934.00 29,162.00 28,859.00 29,491.00 29,699.00 30,083.00 30,476.00 31,157.00 31,385.00 31,632.00 31,376.00 31,838.00 32,154.00 32,573.00
      Other Non-Current Liabilities 309,552.00 340,072.00 328,869.00 321,305.00 311,341.00 298,944.00 315,947.00 322,729.00 303,253.00 319,303.00 299,245.00 283,705.00 246,491.00 276,143.00 273,601.00 277,408.00 276,086.00 276,600.00 277,557.00 285,882.00
Equity 4,651,194.00 4,170,903.00 3,667,563.00 3,447,628.00 3,171,220.00 2,997,059.00 5,394,271.00 5,189,837.00 4,931,447.00 4,740,692.00 4,462,568.00 4,370,119.00 4,226,651.00 4,085,061.00 3,863,072.00 3,770,004.00 3,148,657.00 2,935,861.00 2,727,844.00 2,611,268.00
   Shareholders Equity 9,316,943.00 4,170,903.00 3,667,563.00 3,447,628.00 3,171,220.00 2,997,059.00 5,394,271.00 5,189,837.00 4,931,447.00 4,740,692.00 4,462,568.00 4,370,119.00 4,226,651.00 4,085,061.00 3,863,072.00 3,770,004.00 3,148,657.00 2,935,861.00 2,727,844.00 2,611,268.00
      Capital Stock 196.00 194.00 193.00 193.00 192.00 191.00 224.00 224.00 224.00 223.00 223.00 223.00 222.00 222.00 221.00 221.00 221.00 220.00 220.00 219.00
      Share Premium 4,721,953.00 4,666,949.00 4,588,286.00 4,533,437.00 4,429,466.00 4,382,734.00 5,070,286.00 5,016,122.00 4,949,023.00 4,925,626.00 4,856,914.00 4,792,041.00 4,721,166.00 4,688,985.00 4,625,780.00 4,567,111.00 4,508,807.00 4,477,378.00 4,420,902.00 4,352,864.00
      Retained Earnings -85,510.00 -509,679.00 -914,678.00 -1,072,881.00 -1,274,093.00 -1,380,446.00 329,933.00 160,385.00 -40,694.00 -211,963.00 -415,511.00 -437,214.00 -465,675.00 -578,450.00 -739,882.00 -777,874.00 -1,341,725.00 -1,523,464.00 -1,672,920.00 -1,726,455.00
      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 14,555.00 13,439.00 -6,238.00 -13,121.00 15,655.00 -5,420.00 -6,172.00 13,106.00 22,894.00 26,806.00 20,942.00 15,069.00 -29,062.00 -25,696.00 -23,047.00 -19,454.00 -18,646.00 -18,273.00 -20,358.00 -15,360.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 983,400.00 896,131.00 893,023.00 928,396.00 2,283,585.00 2,523,200.00 2,399,899.00 1,936,772.00 1,442,275.00 1,490,985.00 1,348,988.00 1,411,950.00 1,411,960.00 1,471,264.00 1,428,188.00 1,676,150.00 1,492,131.00 1,529,528.00 1,334,004.00 1,593,266.00
Debt 35,372.00 36,235.00 37,121.00 37,961.00 32,155.00 32,619.00 32,612.00 32,601.00 31,923.00 32,657.00 32,848.00 33,262.00 33,588.00 34,193.00 34,181.00 34,267.00 33,776.00 34,246.00 34,471.00 34,857.00
Common Shares Outstanding 196,130.99 194,123.27 193,783.45 193,434.30 192,798.33 191,572.45 224,533.45 224,286.86 224,101.84 223,338.33 223,061.79 222,746.72 222,454.84 221,875.40 221,409.55 221,084.43 220,885.12 220,424.57 219,880.20 219,489.33
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 3,634,407.00 2,268,427.00 1,052,898.00 -1,626,839.00 3,062,519.00 1,924,648.00 880,889.00 -1,558,615.00 2,682,308.00 1,763,283.00 808,673.00 -1,451,167.00 2,467,935.00 1,644,632.00 733,235.00 -1,052,292.00 2,123,414.00 1,310,427.00 604,718.00
Cost Of Revenue 250,955.00 151,954.00 73,188.00 -110,061.00 223,583.00 137,590.00 60,956.00 -112,219.00 185,239.00 125,148.00 56,822.00 -76,701.00 147,834.00 93,250.00 42,614.00 -52,594.00 107,117.00 67,248.00 29,220.00
Gross Profit 3,383,452.00 2,116,473.00 979,710.00 -1,516,778.00 2,838,936.00 1,787,058.00 819,933.00 -1,446,396.00 2,497,069.00 1,638,135.00 751,851.00 -1,374,466.00 2,320,101.00 1,551,382.00 690,621.00 -999,698.00 2,016,297.00 1,243,179.00 575,498.00
Operating Expenses 2,204,452.00 1,380,991.00 774,542.00 -2,112,625.00 3,079,083.00 2,173,290.00 728,035.00 -1,390,346.00 2,063,814.00 1,419,585.00 727,081.00 -957,048.00 1,810,754.00 1,180,411.00 574,081.00 -772,002.00 1,541,254.00 1,003,546.00 476,701.00
   Selling, General and Administrative Expenses 985,794.00 656,713.00 325,691.00 -579,784.00 915,447.00 606,238.00 300,256.00 -621,276.00 867,428.00 599,535.00 315,606.00 -399,626.00 729,321.00 462,861.00 209,584.00 -250,247.00 513,358.00 322,654.00 153,795.00
   Research and Development Expenses 2,134,480.00 1,621,596.00 449,079.00 -1,581,066.00 2,199,214.00 2,284,140.00 448,460.00 -864,538.00 1,301,300.00 894,591.00 449,641.00 -615,282.00 1,224,876.00 777,369.00 387,873.00 -568,876.00 1,106,752.00 728,907.00 340,696.00
   Other Operating Expenses -915,822.00 -897,318.00 -228.00 48,225.00 -35,578.00 -717,088.00 -20,681.00 95,468.00 -104,914.00 -74,541.00 -38,166.00 57,860.00 -143,443.00 -59,819.00 -23,376.00 47,121.00 -78,856.00 -48,015.00 -17,790.00
Operating Income 1,179,000.00 735,482.00 205,168.00 595,847.00 -240,147.00 -386,232.00 91,898.00 -56,050.00 433,255.00 218,550.00 24,770.00 -417,418.00 509,347.00 370,971.00 116,540.00 -227,696.00 475,043.00 239,633.00 98,797.00
Net Non-Operating Income 95,510.00 56,720.00 29,022.00 -364,664.00 243,053.00 232,614.00 144,261.00 -54,310.00 130,004.00 110,910.00 27,086.00 127,585.00 -60,846.00 -71,058.00 -46,005.00 37,439.00 -24,619.00 1,322.00 -29,475.00
Interest Income 76,692.00 49,319.00 23,589.00 130,990.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Expense 1,846.00 1,254.00 660.00 -1,098.00 1,861.00 1,087.00 430.00 -789.00 1,747.00 1,124.00 469.00 -1,371.00 1,999.00 1,358.00 680.00 -324.00 1,156.00 717.00 359.00
Net Interest 74,846.00 48,065.00 22,929.00 128,710.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
EBT 1,274,510.00 792,202.00 234,190.00 231,183.00 2,906.00 -153,618.00 236,159.00 -110,360.00 563,259.00 329,460.00 51,856.00 -289,833.00 448,501.00 299,913.00 70,535.00 -190,257.00 450,424.00 240,955.00 69,322.00
Income Tax 287,139.00 229,000.00 75,987.00 -75,534.00 171,503.00 121,435.00 66,611.00 -64,485.00 166,739.00 104,209.00 30,153.00 -80,878.00 136,302.00 100,489.00 32,543.00 258,692.00 65,694.00 37,964.00 15,787.00
Net Income 987,371.00 563,202.00 158,203.00 306,717.00 -168,597.00 -275,053.00 169,548.00 -45,875.00 396,520.00 225,251.00 21,703.00 -208,955.00 312,199.00 199,424.00 37,992.00 307,325.00 384,730.00 202,991.00 53,535.00
EBIT 1,276,356.00 793,456.00 234,850.00 230,085.00 4,767.00 -152,531.00 236,589.00 -111,149.00 565,006.00 330,584.00 52,325.00 -291,204.00 450,500.00 301,271.00 71,215.00 -190,581.00 451,580.00 241,672.00 69,681.00
Deprecation and Amortization 69,304.00 45,281.00 22,362.00 -43,209.00 66,515.00 43,995.00 21,947.00 -36,957.00 60,898.00 39,508.00 19,211.00 -31,165.00 49,637.00 32,945.00 16,438.00 -27,275.00 42,986.00 28,295.00 13,838.00
EBITDA 1,345,660.00 838,737.00 257,212.00 186,876.00 71,282.00 -108,536.00 258,536.00 -148,106.00 625,904.00 370,092.00 71,536.00 -322,369.00 500,137.00 334,216.00 87,653.00 -217,856.00 494,566.00 269,967.00 83,519.00
EPS 0.01 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 194,459.00 193,853.00 193,712.00 170,864.00 211,763.00 221,329.00 224,484.00 225,020.00 223,428.00 223,104.00 222,960.00 223,396.00 221,801.00 221,493.00 221,326.00 221,726.00 220,243.00 219,942.00 219,801.00
Average Shares Outstanding Diluted 199,405.00 198,526.00 198,197.00 181,809.00 211,763.00 221,329.00 227,219.00 226,826.00 225,756.00 225,541.00 225,589.00 225,979.00 223,626.00 223,277.00 222,950.00 222,255.00 222,113.00 222,061.00 221,867.00
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 870,197.00 310,808.00 266,067.00 519,159.00 -45,881.00 -356,752.00 218,811.00 52,409.00 348,758.00 200,923.00 -105,603.00 -321,977.00 686,279.00 389,898.00 215,741.00 -469,783.00 634,137.00 379,039.00 206,095.00
   Operating Net Income 987,371.00 563,202.00 158,203.00 306,717.00 -168,597.00 -275,053.00 169,548.00 -45,875.00 396,520.00 225,251.00 21,703.00 -208,955.00 312,199.00 199,424.00 37,992.00 307,325.00 384,730.00 202,991.00 53,535.00
   Deprecation and Amortization 69,304.00 45,281.00 22,362.00 -43,209.00 66,515.00 43,995.00 21,947.00 -36,957.00 60,898.00 39,508.00 19,211.00 -31,165.00 49,637.00 32,945.00 16,438.00 -27,275.00 42,986.00 28,295.00 13,838.00
   Deferred Income Tax 0 0 0 -85,553.00 0 0 0 -158,898.00 0 0 0 57,091.00 0 0 0 -465,604.00 0 0 0
   Share Based Compensation 187,189.00 125,591.00 60,982.00 -104,478.00 194,340.00 116,418.00 59,778.00 -101,288.00 155,899.00 107,899.00 53,379.00 -81,499.00 135,741.00 90,337.00 43,841.00 -91,226.00 134,784.00 92,090.00 47,358.00
   Change in Working Capital -230,145.00 -308,389.00 139,053.00 -279,177.00 467,514.00 237,951.00 255,217.00 316,195.00 220,833.00 87,126.00 -91,267.00 5,016.00 213,237.00 171,074.00 6,036.00 805,932.00 176,651.00 -7,445.00 -85,401.00
   Other Operating Activities -143,522.00 -114,877.00 -114,533.00 724,859.00 -605,653.00 -480,063.00 -287,679.00 79,232.00 -485,392.00 -258,861.00 -108,629.00 -62,465.00 -24,535.00 -103,882.00 111,434.00 -998,935.00 -105,014.00 63,108.00 176,765.00
Investing Cash Flow -65,191.00 -17,775.00 1,097.00 -89,061.00 178,982.00 140,708.00 -73,112.00 -89,953.00 -53,177.00 -35,988.00 -28,559.00 25,064.00 -57,630.00 -29,228.00 -16,748.00 102,604.00 -141,652.00 -108,898.00 -59,753.00
   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 61,990.00 22,243.00 3,169.00 -57,257.00 82,779.00 65,092.00 9,549.00 -58,882.00 45,219.00 34,243.00 26,906.00 -24,482.00 56,560.00 28,749.00 17,006.00 -128,010.00 146,543.00 114,390.00 48,083.00
   Net Purchase/Sale of Investments Net 422,495.00 199,153.00 86,730.00 -602,006.00 436,867.00 386,725.00 268,053.00 -95,489.00 446,453.00 302,764.00 108,076.00 -45,790.00 117,046.00 87,497.00 258.00 -276,658.00 459,420.00 209,402.00 74,514.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities -549,676.00 -239,171.00 -88,802.00 570,202.00 -340,664.00 -311,109.00 -350,714.00 64,418.00 -544,849.00 -372,995.00 -163,541.00 95,336.00 -231,236.00 -145,474.00 -34,012.00 507,272.00 -747,615.00 -432,690.00 -182,350.00
Financing Cash Flow -36,700.00 -23,922.00 -12,676.00 2,042,397.00 -2,041,941.00 -2,009,590.00 -12,413.00 -20,540.00 -20,379.00 16,877.00 4,009.00 -18,573.00 1,686.00 15,997.00 96.00 -20,344.00 -2,829.00 16,514.00 12,835.00
   Net Issuance/Repayment of Debt 3,386.00 2,245.00 1,090.00 -1,616.00 2,761.00 1,782.00 871.00 -1,603.00 2,523.00 1,638.00 802.00 -1,280.00 2,106.00 1,368.00 668.00 -1,117.00 1,788.00 1,173.00 573.00
   Net Issuance/Repurchase of Equity 61,553.00 18,123.00 3,239.00 -1,987,065.00 2,021,032.00 2,019,647.00 477.00 -34,838.00 28,319.00 28,367.00 13,988.00 -35,964.00 42,989.00 37,692.00 16,398.00 -11,498.00 19,052.00 31,044.00 20,028.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -101,639.00 -44,290.00 -17,005.00 4,031,078.00 -4,065,734.00 -4,031,019.00 -13,761.00 15,901.00 -51,221.00 -13,128.00 -10,781.00 18,671.00 -43,409.00 -23,063.00 -16,970.00 -7,729.00 -23,669.00 -15,703.00 -7,766.00
Net Change in Cash 767,398.00 267,362.00 253,936.00 2,477,292.00 -1,909,375.00 -2,226,297.00 132,610.00 -63,096.00 275,827.00 179,722.00 -130,352.00 -316,267.00 633,063.00 377,865.00 199,299.00 -382,885.00 485,938.00 284,496.00 156,846.00
   Cash at Beginning of Period 1,689,451.00 1,689,451.00 1,689,451.00 -787,841.00 3,215,221.00 3,215,221.00 3,215,221.00 3,278,317.00 2,953,120.00 2,953,120.00 2,953,120.00 3,269,387.00 2,059,160.00 2,059,160.00 2,059,160.00 2,442,045.00 1,514,765.00 1,514,765.00 1,514,765.00
   Cash at End of Period 2,456,849.00 1,956,813.00 1,943,387.00 1,689,451.00 1,305,846.00 988,924.00 3,347,831.00 3,215,221.00 3,228,947.00 3,132,842.00 2,822,768.00 2,953,120.00 2,692,223.00 2,437,025.00 2,258,459.00 2,059,160.00 2,000,703.00 1,799,261.00 1,671,611.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0