IPAR

Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 25.64 30.19 25.40 38.73 49.99
Price to Sales 2.88 3.50 2.83 3.85 3537.43
Book Value Per Common Share 23.20 21.85 19.29 17.97 16.95
Price to Book 5.67 6.59 5.00 5.95 3.57
Price to Operating Cash Flow 22.45 43.56 26.71 28.32 28804.76
Price to Free Cash Flow
Enterprise Value to EBITDA 135849.19 164195.20 135448.63 200875.74 229210.10
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 22.51 56.60 86.27 29.63 47.75 109.77 30.26 48.64 84.17 23.01 36.90 79.32 26.70 45.28 81.53
Price to Sales 2.84 6.22 10.69 0.00 0.01 0.01 0.00 0.01 0.01 0.00 0.00 0.01 0.00 0.01 11.30
Book Value Per Common Share 27.16 26.13 24.55 23.20 24.30 22.39 22.11 21.85 21.59 20.90 20.57 19.29 18.03 17.89 18.36 17.97 18.46 0.02 17.06 16.95
Price to Book 3.62 5.02 4.64 5.67 5.33 5.18 6.35 6.59 6.22 6.47 6.92 5.00 4.19 4.08 4.80 5.95 4.05 4067.80 4.16 3.57
Price to Operating Cash Flow 46.21 935.26 -497.03 0.08 -0.14 -0.09 0.18 0.64 -0.62 -0.29 -0.08 -0.12 0.02 0.06 69.00
Price to Free Cash Flow
Enterprise Value to EBITDA 119318.56 286646.29 442702.36 162229.88 252650.94 577781.94 168823.45 268474.14 459682.24 128826.47 201655.67 429839.23 138528.75 227080947.18 424139.12

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 7.55 25.53 37.68 128.10
Revenue YoY 11.13 21.26 23.55 63.17
EBITDA YoY 10.74 23.22 34.48 103.07
Net Profit YoY 7.67 26.23 38.36 128.71
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 88.36 75.76 79.84 89.84 59.71 64.50 65.66 78.38 76.10 82.76
Revenue YoY 63.73 98.29 63.74 105.64 59.26 99.20 56.61 97.63 64.69 104.56
EBITDA YoY 79.69 78.06 73.82 88.85 58.01 62.59 61.83 76.88 70.60 89.61
Net Profit YoY 88.36 75.28 79.95 89.71 59.78 64.64 65.84 78.24 76.15 81.91

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 7.33 5.71 8.02 5.04 0.01
Quick Ratio 1.55 1.35 1.40 1.34 2.70
Current Ratio 2.75 2.58 2.29 2.90 3.85
Debt to Equity 0.50 0.53 2.38 0.55 0.27
Long-Term Debt to Equity 0.14 0.17 1.94 0.22 0.04
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 5.85 6.39 5.35 7.31 4907.96 2394.66 3029.06 5.71 5734.66 5834.06 7425.73 7.99 5548.86 6150.95 8330.28 5.01 10235.32 9411.95 9.29 9.37
Quick Ratio 1.86 1.53 1.57 1.55 1.52 1.15 1.31 1.35 1.34 1.28 1.40 1.40 1.63 1.68 1.93 1.34 2.46 2.26 2.93 2.70
Current Ratio 3.27 2.96 2.97 2.75 2.82 2.58 2.75 2.58 2.41 2.41 2.35 2.29 2.85 2.89 2.94 2.90 3.32 3.12 4.03 3.85
Debt to Equity 0.42 0.48 0.43 0.50 0.50 0.51 0.49 0.53 -0.38 0.60 2.30 2.38 0.52 0.52 0.53 0.55 0.48 2.05 -0.37 0.27
Long-Term Debt to Equity 0.14 0.16 0.13 0.14 0.16 0.14 0.15 0.17 -0.54 0.19 1.87 1.94 0.18 0.20 0.20 0.22 0.20 1.75 -0.48 0.04

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 11.65 11.15 4.55 7.63 4.29
ROE 17.44 17.11 15.34 11.84 5.44
Gross Margin 63.33 63.68 63.90 63.32 61.36
Operating Margin 18.86 19.99 18.89 17.82 13.79
EBITDA Margin 21.23 21.30 20.96 19.26 15.48
Net Profit Margin 11.22 11.59 11.13 9.94 7.09
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 8.97 4.77 2.95 9.46 5.71 3.04 10.20 6.59 1.93 9.39 5.71 3.04 7.87 2.27 3.12
ROE 12.70 7.05 4.22 14.22 8.64 4.52 6.28 10.51 6.36 14.29 8.70 4.66 11.67 6.92 1.96
Gross Margin 191.71 193.26 63.12 63.65 63.52 62.47 63.34 63.02 65.11 63.71 63.07 63.29 63.55 63.43 63.09
Operating Margin 21.67 19.29 21.91 21.77 20.27 22.18 24.44 24.59 30.46 22.66 21.92 24.78 24.51 23.50 25.39
EBITDA Margin 23.80 21.69 24.15 23.44 22.08 24.04 25.73 25.94 31.78 24.06 23.29 26.02 25.60 24.71 26.66
Net Profit Margin 12.63 10.98 12.42 12.85 11.69 12.67 14.38 14.34 17.34 13.45 12.70 14.08 13.25 12.39 13.93

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 1,411,261.00 1,369,329.00 2,660,188.00 1,145,364.00 890,145.00
   Current Assets 914,832.00 839,026.00 787,724.00 709,715.00 600,720.00
      Cash and Short-Term Investments 234,744.00 182,766.00 255,546.00 159,613.00 296,308.00
            Cash and Cash Equivalents 125,433.00 88,462.00 104,713.00 168,387.00 169,681.00
            Short-Term Investments 109,311.00 94,304.00 150,833.00 160,014.00 126,627.00
      Net Receivables 280,827.00 254,252.00 226,387.00 169,589.00 125,872.00
      Inventory 371,920.00 371,859.00 289,984.00 198,914.00 158,822.00
      Other Current Assets 27,341.00 30,149.00 15,807.00 181,599.00 19,718.00
   Non-Current Assets 496,429.00 530,303.00 1,872,464.00 435,649.00 289,425.00
      Property, Plant, Equipment Net 178,376.00 197,835.00 194,686.00 183,080.00 44,314.00
      Goodwill 0 0 0 0 0
      Intangible Assets 282,484.00 296,356.00 290,853.00 214,047.00 214,108.00
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 17,034.00 14,545.00 11,159.00 7,936.00 8,041.00
      Other Non-Current Assets 18,535.00 21,567.00 1,375,766.00 30,586.00 22,962.00
Liabilities 468,616.00 477,159.00 1,872,042.00 407,032.00 187,695.00
   Current Liabilities 332,427.00 324,745.00 344,567.00 244,910.00 156,205.00
      Payables and Expenses 263,807.00 276,289.00 310,724.00 222,985.00 136,502.00
            Account Payables 91,049.00 97,409.00 97,103.00 86,308.00 35,576.00
            Current Accrued Liabilities 172,758.00 178,880.00 213,621.00 136,677.00 100,926.00
      Short-Term Debt 56,005.00 35,538.00 33,843.00 21,925.00 19,703.00
      Other Current Liabilities 12,615.00 12,918.00 0.00 0.00 0.00
   Non-Current Liabilities 136,189.00 152,414.00 1,527,475.00 162,122.00 31,490.00
      Long-Term Debt 136,189.00 152,414.00 175,829.00 162,122.00 31,490.00
      Other Non-Current Liabilities 0.00 0.00 1,351,646.00 0.00 0.00
Equity 942,645.00 892,170.00 788,146.00 738,332.00 702,450.00
   Shareholders Equity 744,871.00 699,393.00 616,782.00 571,920.00 535,835.00
      Capital Stock 32.00 32.00 32.00 32.00 32.00
      Share Premium 106,702.00 98,565.00 90,186.00 87,132.00 75,708.00
      Retained Earnings 763,240.00 693,848.00 620,095.00 560,663.00 503,567.00
      Treasury Shares 52,864.00 52,864.00 37,475.00 37,475.00 37,475.00
      Accumulated Other Comprehensive Income -72,239.00 -40,188.00 -56,056.00 -76,864.00 -5,997.00
   Minority Interest 197,774.00 192,777.00 171,364.00 166,412.00 166,615.00
Investments 109,311.00 94,304.00 150,833.00 160,014.00 126,627.00
Debt 192,194.00 192,372.00 209,672.00 184,047.00 51,193.00
Net Debt 0 9,606.00 0 24,434.00 0
Common Shares Outstanding 32,110.17 32,004.66 31,967.30 31,830.42 31,608.59
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 1,464,353.00 1,317,675.00 1,086,653.00 879,516.00 539,009.00
Cost Of Revenue 537,012.00 478,597.00 392,231.00 322,614.00 208,278.00
Gross Profit 927,341.00 839,078.00 694,422.00 556,902.00 330,731.00
Operating Expenses 652,545.00 587,696.00 500,119.00 408,852.00 260,648.00
   Selling, General and Administrative Expenses 648,540.00 587,696.00 492,370.00 406,459.00 260,648.00
   Other Operating Expenses 4,005.00 0.00 7,749.00 2,393.00 0.00
Operating Income 274,796.00 251,382.00 194,303.00 148,050.00 70,083.00
Net Non-Operating Income -6,405.00 736.00 3,059.00 5,819.00 2,296.00
Interest Expense 7,825.00 11,253.00 7,896.00 2,825.00 1,970.00
EBT 268,391.00 252,118.00 197,362.00 153,869.00 72,379.00
Income Tax 64,958.00 61,817.00 43,182.00 40,992.00 19,381.00
Net Income Including Non-Controlling Interests 125,283.00 117,532.00 90,839.00 64,795.00 26,470.00
Net Income Non-Controlling Interests 39,075.00 35,122.00 30,099.00 22,616.00 11,749.00
Net Income 164,358.00 152,654.00 120,938.00 87,411.00 38,219.00
EBIT 276,216.00 263,371.00 205,258.00 156,694.00 74,349.00
Deprecation and Amortization 34,629.00 17,331.00 22,539.00 12,698.00 9,067.00
EBITDA 310,845.00 280,702.00 227,797.00 169,392.00 83,416.00
EPS 0.01 0.00 0.00 0.00 0.00
Diluted EPS 0.01 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 32,036.73 31,994.33 31,859.42 31,676.80 31,536,659.00
Average Shares Outstanding Diluted 32,124.28 32,139.70 31,988.75 31,835.41 31,654,544.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 187,642.00 105,774.00 115,150.00 119,586.00 64,993.00
   Operating Net Income 203,433.00 187,776.00 151,037.00 110,027.00 49,968.00
   Deprecation and Amortization 34,629.00 17,331.00 22,539.00 12,698.00 9,067.00
   Deferred Income Tax -3,356.00 -2,987.00 -3,604.00 -465.00 581.00
   Share Based Compensation 2,379.00 2,525.00 3,143.00 2,853.00 3,029.00
   Change in Working Capital 56,418.00 95,383.00 277,602.00 210,176.00 -69,184.00
   Other Operating Activities -105,861.00 -194,254.00 -335,567.00 -215,703.00 71,532.00
Investing Cash Flow -44,832.00 7,262.00 -132,763.00 -187,866.00 -22,329.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 22,352.00 53,368.00 132,621.00 142,819.00 12,262.00
   Net Purchase/Sale of Investments Net 0 502,852.00 1,934.00 0 0
   Net Purchase/Sale of Business 0 0 0 0 13,998.00
   Other Investing Activities -67,184.00 -548,958.00 -267,318.00 -330,685.00 -48,589.00
Financing Cash Flow -100,769.00 -133,214.00 -45,568.00 78,193.00 -18,645.00
   Net Issuance/Repayment of Debt 82,315.00 33,125.00 72,353.00 200,438.00 27,163.00
   Net Issuance/Repurchase of Equity 7,049.00 23,414.00 6,003.00 5,393.00 2,771.00
   Dividends Paid 120,755.00 100,348.00 79,799.00 41,526.00 21,129.00
   Other Financing Activities -310,888.00 -290,101.00 -203,723.00 -169,164.00 -69,708.00
Net Change in Cash 36,971.00 -16,251.00 -63,674.00 -1,294.00 36,264.00
   Cash at Beginning of Period 88,462.00 104,713.00 168,387.00 0 0
   Cash at End of Period 125,433.00 88,462.00 104,713.00 0 0
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 1,564,650.00 1,561,748.00 1,440,525.00 1,411,261.00 1,480,600.00 1,363,992.00 1,349,176.00 1,369,329.00 1,394,397.00 1,351,664.00 2,799,658.00 2,660,188.00 1,111,194.00 1,102,452.00 1,162,208.00 1,145,364.00 1,126,551.00 2,216,637.00 887,715.00 890,145.00
   Current Assets 990,738.00 986,987.00 911,074.00 914,832.00 956,440.00 857,388.00 832,667.00 839,026.00 876,854.00 823,441.00 851,601.00 787,724.00 707,640.00 680,227.00 734,467.00 709,715.00 703,958.00 679,889.00 613,116.00 600,720.00
      Cash and Short-Term Investments 187,856.00 205,355.00 171,927.00 234,744.00 157,202.00 76,708.00 97,054.00 182,766.00 183,509.00 186,760.00 237,757.00 255,546.00 176,720.00 195,877.00 265,236.00 159,613.00 324,040.00 297,813.00 293,858.00 296,308.00
            Cash and Cash Equivalents 110,396.00 151,454.00 96,617.00 125,433.00 78,419.00 38,973.00 20,976.00 88,462.00 79,764.00 74,311.00 149,055.00 104,713.00 41,277.00 52,235.00 110,122.00 168,387.00 174,848.00 149,713.00 143,313.00 169,681.00
            Short-Term Investments 77,460.00 53,901.00 75,310.00 109,311.00 78,783.00 37,735.00 76,078.00 94,304.00 103,745.00 112,449.00 88,702.00 150,833.00 135,443.00 143,642.00 155,114.00 160,014.00 149,192.00 148,100.00 150,545.00 126,627.00
      Net Receivables 373,993.00 304,176.00 308,682.00 280,827.00 359,159.00 304,425.00 298,656.00 254,252.00 301,730.00 251,284.00 269,727.00 226,387.00 228,162.00 199,988.00 218,785.00 169,589.00 197,819.00 195,934.00 151,590.00 125,872.00
      Inventory 388,302.00 425,349.00 395,888.00 371,920.00 412,758.00 433,716.00 400,209.00 371,859.00 364,270.00 360,018.00 323,700.00 289,984.00 283,237.00 265,835.00 227,108.00 198,914.00 156,025.00 163,482.00 148,685.00 158,822.00
      Other Current Assets 40,587.00 52,107.00 34,577.00 27,341.00 27,321.00 42,539.00 36,748.00 30,149.00 27,345.00 25,379.00 20,417.00 15,807.00 19,521.00 18,527.00 23,338.00 181,599.00 26,074.00 22,660.00 18,983.00 19,718.00
   Non-Current Assets 573,912.00 574,761.00 529,451.00 496,429.00 524,160.00 506,604.00 516,509.00 530,303.00 517,543.00 528,223.00 1,948,057.00 1,872,464.00 403,554.00 422,225.00 427,741.00 435,649.00 422,593.00 1,536,748.00 274,599.00 289,425.00
      Property, Plant, Equipment Net 210,764.00 208,684.00 182,313.00 178,376.00 191,906.00 186,922.00 191,145.00 197,835.00 192,361.00 196,269.00 195,937.00 194,686.00 181,080.00 192,239.00 189,239.00 183,080.00 174,251.00 169,153.00 41,672.00 44,314.00
      Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 328,220.00 333,353.00 312,258.00 282,484.00 290,864.00 282,379.00 288,117.00 296,356.00 286,697.00 292,319.00 294,300.00 290,853.00 189,273.00 196,211.00 208,960.00 214,047.00 203,961.00 203,652.00 202,247.00 214,108.00
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 15,262.00 12,618.00 16,046.00 17,034.00 19,742.00 16,849.00 15,726.00 14,545.00 16,063.00 14,333.00 12,543.00 11,159.00 10,344.00 9,836.00 7,664.00 7,936.00 6,916.00 6,187.00 7,669.00 8,041.00
      Other Non-Current Assets 19,666.00 20,106.00 18,834.00 18,535.00 21,648.00 20,454.00 21,521.00 21,567.00 22,422.00 25,302.00 1,445,277.00 1,375,766.00 22,857.00 23,939.00 21,878.00 30,586.00 37,465.00 1,157,756.00 23,011.00 22,962.00
Liabilities 460,155.00 504,996.00 433,006.00 468,616.00 495,471.00 462,786.00 441,289.00 477,159.00 -870,100.00 504,730.00 1,950,051.00 1,872,042.00 381,046.00 379,447.00 403,967.00 407,032.00 366,756.00 1,489,106.00 -525,579.00 187,695.00
   Current Liabilities 302,773.00 333,001.00 306,451.00 332,427.00 339,582.00 332,436.00 302,458.00 324,745.00 363,095.00 341,674.00 362,169.00 344,567.00 248,514.00 235,499.00 250,229.00 244,910.00 212,349.00 218,193.00 152,108.00 156,205.00
      Payables and Expenses 219,609.00 219,899.00 227,558.00 263,807.00 262,734.00 253,638.00 241,879.00 276,289.00 287,226.00 285,076.00 309,767.00 310,724.00 214,249.00 205,470.00 217,292.00 222,985.00 191,196.00 179,383.00 146,054.00 136,502.00
            Account Payables 66,985.00 93,146.00 98,885.00 91,049.00 96,578.00 108,509.00 106,219.00 97,409.00 87,161.00 91,040.00 119,462.00 97,103.00 81,415.00 83,409.00 72,568.00 86,308.00 73,421.00 78,472.00 57,454.00 35,576.00
            Current Accrued Liabilities 152,624.00 126,753.00 128,673.00 172,758.00 166,156.00 145,129.00 135,660.00 178,880.00 200,065.00 194,036.00 190,305.00 213,621.00 132,834.00 122,061.00 144,724.00 136,677.00 117,775.00 100,911.00 88,600.00 100,926.00
      Short-Term Debt 72,487.00 107,531.00 57,144.00 56,005.00 50,727.00 34,692.00 34,955.00 35,538.00 47,455.00 34,316.00 52,402.00 33,843.00 17,445.00 18,192.00 19,017.00 21,925.00 21,153.00 38,810.00 6,054.00 19,703.00
      Other Current Liabilities 10,677.00 5,571.00 21,749.00 12,615.00 26,121.00 44,106.00 25,624.00 12,918.00 28,414.00 22,282.00 0.00 0.00 16,820.00 11,837.00 13,920.00 0.00 0.00 0.00 0.00 0.00
   Non-Current Liabilities 157,382.00 171,995.00 126,555.00 136,189.00 155,889.00 130,350.00 138,831.00 152,414.00 -1,233,195.00 163,056.00 1,587,882.00 1,527,475.00 132,532.00 143,948.00 153,738.00 162,122.00 154,407.00 1,270,913.00 -677,687.00 31,490.00
      Long-Term Debt 157,382.00 171,995.00 126,555.00 136,189.00 155,889.00 130,350.00 138,831.00 152,414.00 154,435.00 163,056.00 168,430.00 175,829.00 132,532.00 143,948.00 153,738.00 162,122.00 154,407.00 162,595.00 28,944.00 31,490.00
      Other Non-Current Liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1,387,630.00 0.00 1,419,452.00 1,351,646.00 0.00 0.00 0.00 0.00 0.00 1,108,318.00 -706,631.00 0.00
Equity 1,104,495.00 1,056,752.00 1,007,519.00 942,645.00 985,129.00 901,206.00 907,887.00 892,170.00 2,264,497.00 846,934.00 849,607.00 788,146.00 730,148.00 723,005.00 758,241.00 738,332.00 759,795.00 727,531.00 1,413,294.00 702,450.00
   Shareholders Equity 870,887.00 839,359.00 788,637.00 744,871.00 778,476.00 717,077.00 708,103.00 699,393.00 690,309.00 668,201.00 658,406.00 616,782.00 574,696.00 569,814.00 584,559.00 571,920.00 585,659.00 561,319.00 540,112.00 535,835.00
      Capital Stock 32.00 32.00 32.00 32.00 32.00 32.00 32.00 32.00 32.00 32.00 32.00 32.00 32.00 32.00 32.00 32.00 32.00 32.00 32.00 32.00
      Share Premium 109,006.00 108,802.00 107,985.00 106,702.00 101,123.00 100,505.00 100,309.00 98,565.00 95,752.00 95,984.00 95,429.00 90,186.00 85,660.00 84,316.00 88,181.00 87,132.00 83,070.00 77,529.00 77,566.00 75,708.00
      Retained Earnings 826,964.00 787,031.00 780,338.00 763,240.00 762,826.00 724,268.00 711,043.00 693,848.00 703,091.00 669,688.00 654,440.00 620,095.00 618,884.00 593,367.00 580,094.00 560,663.00 569,354.00 538,690.00 523,600.00 503,567.00
      Treasury Shares 60,335.00 54,907.00 52,864.00 52,864.00 52,864.00 52,864.00 52,864.00 52,864.00 48,764.00 48,764.00 43,055.00 37,475.00 37,475.00 37,475.00 37,475.00 37,475.00 37,475.00 37,475.00 37,475.00 37,475.00
      Accumulated Other Comprehensive Income -4,780.00 -1,599.00 -46,854.00 -72,239.00 -32,641.00 -54,864.00 -50,417.00 -40,188.00 -59,802.00 -48,739.00 -48,440.00 -56,056.00 -92,405.00 -70,426.00 -46,273.00 -76,864.00 -29,322.00 -17,457.00 -23,611.00 -5,997.00
   Minority Interest 233,608.00 217,393.00 218,882.00 197,774.00 206,653.00 184,129.00 199,784.00 192,777.00 186,558.00 178,733.00 191,201.00 171,364.00 155,452.00 153,191.00 173,682.00 166,412.00 174,136.00 166,212.00 166,551.00 166,615.00
Investments 77,460.00 53,901.00 75,310.00 109,311.00 78,783.00 37,735.00 76,078.00 94,304.00 103,745.00 112,449.00 88,702.00 150,833.00 135,443.00 143,642.00 155,114.00 160,014.00 149,192.00 148,100.00 150,545.00 126,627.00
Debt 229,869.00 279,526.00 183,699.00 192,194.00 215,573.00 183,536.00 182,110.00 192,372.00 206,391.00 202,330.00 220,832.00 209,672.00 149,977.00 162,140.00 172,755.00 184,047.00 175,560.00 201,405.00 34,998.00 51,193.00
Net Debt 42,013.00 74,171.00 11,772.00 0 58,371.00 106,828.00 85,056.00 9,606.00 22,882.00 15,570.00 0 0 0 0 0 24,434.00 0 0 0 0
Common Shares Outstanding 32,064.73 32,117.60 32,124.00 32,110.17 32,029.58 32,024.28 32,023.64 32,004.66 31,980.81 31,975.67 32,012.95 31,967.30 31,875.62 31,845.97 31,843.85 31,830.42 31,722.30 31,654,138.00 31,652.04 31,608.59
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 1,110,863.00 678,479.00 342,171.00 -616,623.00 1,090,821.00 666,192.00 323,963.00 -603,951.00 988,936.00 620,967.00 311,723.00 -435,293.00 775,865.00 495,403.00 250,678.00 -393,910.00 668,797.00 406,101.00 198,528.00
Cost Of Revenue -1,018,786.00 -632,719.00 126,194.00 -224,135.00 396,519.00 243,050.00 121,578.00 -222,343.00 362,568.00 229,606.00 108,766.00 -164,277.00 281,525.00 182,963.00 92,020.00 -142,940.00 243,772.00 148,502.00 73,280.00
Gross Profit 2,129,649.00 1,311,198.00 215,977.00 -392,488.00 694,302.00 423,142.00 202,385.00 -381,608.00 626,368.00 391,361.00 202,957.00 -271,016.00 494,340.00 312,440.00 158,658.00 -250,970.00 425,025.00 257,599.00 125,248.00
Operating Expenses 1,886,840.00 1,176,945.00 140,900.00 -227,714.00 455,506.00 290,341.00 134,412.00 -164,909.00 393,866.00 246,061.00 112,678.00 -126,396.00 323,249.00 205,825.00 97,441.00 -98,194.00 264,772.00 164,985.00 77,289.00
   Selling, General and Administrative Expenses 467,074.00 302,813.00 140,900.00 -231,719.00 455,506.00 290,341.00 134,412.00 -164,909.00 393,866.00 246,061.00 112,678.00 -134,145.00 323,249.00 205,825.00 97,441.00 -93,407.00 262,379.00 162,591.00 74,896.00
   Other Operating Expenses 1,419,766.00 874,132.00 0.00 4,005.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7,749.00 0.00 0.00 0.00 -4,787.00 2,393.00 2,394.00 2,393.00
Operating Income 242,809.00 134,253.00 75,077.00 -164,774.00 238,796.00 132,801.00 67,973.00 -216,699.00 232,502.00 145,300.00 90,279.00 -144,620.00 171,091.00 106,615.00 61,217.00 -152,776.00 160,253.00 92,614.00 47,959.00
Net Non-Operating Income -7,712.00 -6,717.00 -1,666.00 98.00 -7,086.00 -1,497.00 2,080.00 -6,504.00 2,172.00 2,761.00 2,307.00 905.00 2,095.00 53.00 6.00 2,241.00 348.00 1,163.00 2,067.00
Interest Expense 5,637.00 3,332.00 1,545.00 -3,456.00 5,726.00 3,748.00 1,807.00 -2,767.00 7,030.00 4,633.00 2,357.00 2,517.00 2,589.00 1,907.00 883.00 -2,543.00 3,344.00 1,647.00 377.00
EBT 235,097.00 127,536.00 73,411.00 -164,676.00 231,710.00 131,304.00 70,053.00 -223,203.00 234,674.00 148,061.00 92,586.00 -143,715.00 173,186.00 106,668.00 61,223.00 -150,535.00 160,601.00 93,777.00 50,026.00
Income Tax 55,218.00 30,936.00 18,008.00 -38,169.00 54,974.00 31,403.00 16,750.00 -49,624.00 55,128.00 34,635.00 21,678.00 -36,685.00 39,078.00 25,857.00 14,932.00 -45,635.00 45,112.00 28,115.00 13,400.00
Net Income Including Non-Controlling Interests 100,699.00 52,360.00 29,581.00 -62,875.00 103,524.00 55,841.00 28,793.00 -89,232.00 104,922.00 64,614.00 37,228.00 -53,059.00 74,570.00 45,021.00 24,307.00 -50,660.00 61,781.00 34,976.00 18,698.00
Net Income Non-Controlling Interests 39,590.00 22,120.00 12,911.00 -31,816.00 36,606.00 22,030.00 12,255.00 -43,436.00 37,312.00 24,406.00 16,840.00 -28,557.00 29,769.00 17,895.00 10,992.00 -28,545.00 26,854.00 15,343.00 8,964.00
Net Income 140,289.00 74,480.00 42,492.00 -94,691.00 140,130.00 77,871.00 41,048.00 -132,668.00 142,234.00 89,020.00 54,068.00 -81,616.00 104,339.00 62,916.00 35,299.00 -79,205.00 88,635.00 50,319.00 27,662.00
EBIT 240,734.00 130,868.00 74,956.00 -168,132.00 237,436.00 135,052.00 71,860.00 -225,970.00 241,704.00 152,694.00 94,943.00 -141,198.00 175,775.00 108,575.00 62,106.00 -153,078.00 163,945.00 95,424.00 50,403.00
Deprecation and Amortization 23,645.00 16,260.00 7,672.00 -1,610.00 18,201.00 12,020.00 6,018.00 -7,932.00 12,781.00 8,367.00 4,115.00 1,676.00 10,936.00 6,803.00 3,124.00 -2,045.00 7,273.00 4,941.00 2,529.00
EBITDA 264,379.00 147,128.00 82,628.00 -169,742.00 255,637.00 147,072.00 77,878.00 -233,902.00 254,485.00 161,061.00 99,058.00 -139,522.00 186,711.00 115,378.00 65,230.00 -155,123.00 171,218.00 100,365.00 52,932.00
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 32,114.00 32,115.00 32,121.00 128,050.81 32.03 32.03 32.04 127,881.28 32.00 32.01 32.02 127,342.13 31.85 31.84 31.84 95,012.88 31.66 31.64 31,631.00
Average Shares Outstanding Diluted 32,158.00 32,162.00 32,174.00 128,400.34 32.27 32.27 32.27 128,462.34 32.15 32.16 32.16 127,859.04 31.98 31.98 32.01 95,506.05 31.79 31.79 31,772.00
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 68,373.00 4,510.00 -7,358.00 216,380.00 49,681.00 -26,459.00 -51,960.00 82,089.00 24,278.00 6,765.00 -7,358.00 175,777.00 -8,175.00 -28,508.00 -23,944.00 -52,303.00 101,261.00 38,112.00 32,516.00
   Operating Net Income 179,879.00 96,600.00 55,403.00 -126,507.00 176,736.00 99,901.00 53,303.00 -176,104.00 179,546.00 113,426.00 70,908.00 -110,173.00 134,108.00 80,811.00 46,291.00 -107,750.00 115,489.00 65,662.00 36,626.00
   Deprecation and Amortization 23,645.00 16,260.00 7,672.00 -1,610.00 18,201.00 12,020.00 6,018.00 -7,932.00 12,781.00 8,367.00 4,115.00 1,676.00 10,936.00 6,803.00 3,124.00 -2,045.00 7,273.00 4,941.00 2,529.00
   Deferred Income Tax 3,454.00 5,821.00 1,524.00 5,735.00 -4,909.00 -2,721.00 -1,461.00 6,263.00 -5,075.00 -2,987.00 -1,188.00 2,514.00 -3,658.00 -2,595.00 135.00 -2,915.00 739.00 1,653.00 58.00
   Share Based Compensation 1,313.00 946.00 559.00 -1,147.00 1,768.00 1,169.00 589.00 -1,260.00 1,887.00 1,265.00 633.00 -1,741.00 2,353.00 1,877.00 654.00 -1,484.00 2,158.00 1,447.00 732.00
   Change in Working Capital -37,523.00 -71,354.00 -4,428.00 -241,290.00 121,087.00 108,232.00 68,389.00 -226,703.00 170,491.00 80,446.00 71,149.00 -196,600.00 233,492.00 145,108.00 95,602.00 -133,148.00 155,776.00 137,599.00 49,949.00
   Other Operating Activities -102,395.00 -43,763.00 -68,088.00 581,199.00 -263,202.00 -245,060.00 -178,798.00 487,825.00 -335,352.00 -193,752.00 -152,975.00 480,101.00 -385,406.00 -260,512.00 -169,750.00 195,039.00 -180,174.00 -173,190.00 -57,378.00
Investing Cash Flow -1,842.00 24,234.00 13,509.00 -120,828.00 11,569.00 50,505.00 13,922.00 -132,438.00 40,504.00 37,552.00 61,644.00 -59,021.00 -33,888.00 -28,051.00 -11,803.00 153,570.00 -162,833.00 -146,729.00 -31,874.00
   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 45,748.00 40,483.00 23,935.00 14,555.00 3,739.00 2,694.00 1,364.00 40,735.00 6,637.00 3,430.00 2,566.00 51,386.00 36,372.00 31,321.00 13,542.00 -111,769.00 132,180.00 120,901.00 1,507.00
   Net Purchase/Sale of Investments Net 0 0 0 0 309,044.00 214,957.00 134,524.00 -220,163.00 337,995.00 235,140.00 149,880.00 1,934.00 0 0 0 0 0 0 0
   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 -47,590.00 -16,249.00 -10,426.00 523,142.00 -301,214.00 -167,146.00 -121,966.00 46,990.00 -304,128.00 -201,018.00 -90,802.00 -112,341.00 -70,260.00 -59,372.00 -25,345.00 265,339.00 -295,013.00 -267,630.00 -33,381.00
Financing Cash Flow -90,852.00 -12,608.00 -38,435.00 71,308.00 -71,934.00 -72,012.00 -28,131.00 47,242.00 -90,471.00 -77,430.00 -12,555.00 114,113.00 -80,634.00 -59,015.00 -20,032.00 -108,726.00 88,915.00 118,774.00 -20,770.00
   Net Issuance/Repayment of Debt 92,986.00 113,590.00 11,399.00 -33,923.00 72,613.00 30,200.00 13,425.00 -50,927.00 40,708.00 15,958.00 27,386.00 46,242.00 14,210.00 7,522.00 4,379.00 -189,387.00 197,224.00 178,277.00 14,324.00
   Net Issuance/Repurchase of Equity 9,583.00 4,155.00 1,077.00 2,624.00 1,729.00 1,370.00 1,326.00 -20,387.00 16,812.00 16,480.00 10,509.00 2,669.00 1,816.00 810.00 708.00 616.00 1,727.00 1,583.00 1,467.00
   Dividends Paid 103,964.00 78,269.00 26,009.00 -71,661.00 96,714.00 71,670.00 24,032.00 -60,828.00 80,359.00 60,321.00 20,496.00 -48,300.00 63,838.00 47,900.00 16,361.00 -25,269.00 33,572.00 25,310.00 7,913.00
   Other Financing Activities -297,385.00 -208,622.00 -76,920.00 174,268.00 -242,990.00 -175,252.00 -66,914.00 179,384.00 -228,350.00 -170,189.00 -70,946.00 113,502.00 -160,498.00 -115,247.00 -41,480.00 105,314.00 -143,608.00 -86,396.00 -44,474.00
Net Change in Cash -15,037.00 26,021.00 -28,816.00 163,989.00 -10,043.00 -49,489.00 -67,486.00 -5,242.00 -24,949.00 -30,402.00 44,342.00 237,853.00 -127,110.00 -116,152.00 -58,265.00 -2.00 19,409.00 5,667.00 -26,368.00
   Cash at Beginning of Period 125,433.00 125,433.00 125,433.00 -38,556.00 88,462.00 88,462.00 88,462.00 93,704.00 104,713.00 104,713.00 104,713.00 -133,140.00 168,337.00 168,387.00 168,387.00 0.00 169,681.00 0 0
   Cash at End of Period 110,396.00 151,454.00 96,617.00 125,433.00 78,419.00 38,973.00 20,976.00 88,462.00 79,764.00 74,311.00 149,055.00 104,713.00 41,227.00 52,235.00 110,122.00 0 189,090.00 0 0
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0