ITRI

Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 20.60 35.45 -230.23 -37.44 -66.60
Price to Sales 2.02 1.58 1.27 1.53 1.78
Book Value Per Common Share 30.81 28.80 25.86 24.72 20.19
Price to Book 3.52 2.62 1.96 2.77 4.75
Price to Operating Cash Flow 20.68 27.44 93.24 19.61 35.25
Price to Free Cash Flow
Enterprise Value to EBITDA 37138.67 130317.77 162594.53 458199.43
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 28.44 44.77 72.75 26.84 43.98 81.88 52.22 267.04 -213.27 -59.31 -61.79 2634.00 -148.29 -212.72 295.50
Price to Sales 3.16 4.93 7.82 2.66 3.73 7.00 1.72 3.16 5.08 1.43 2.45 4.99 2.22 4.29 7.09
Book Value Per Common Share 36.98 35.29 32.66 30.81 29.95 27.58 29.77 28.80 27.22 26.52 25.80 25.86 24.22 24.63 25.76 24.72 25.93 26.03 26.52 20.19
Price to Book 3.37 3.73 3.21 3.52 3.57 3.59 3.11 2.62 2.23 2.72 2.15 1.96 1.74 2.01 2.05 2.77 2.92 3.84 3.34 4.75
Price to Operating Cash Flow 19.80 35.47 65.86 30.67 48.61 102.25 35.68 76.07 1754.75 50.58 98.27 312.46 23.57 35.32 73.69
Price to Free Cash Flow
Enterprise Value to EBITDA 51960.38 83565.61 133313.29 151248.53 226278.30 440002.30 152518.66 359692.64 1101970.54 206953.40 478919.27 537595.58 221876.65 852085.46 791709.96

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 147.42
Revenue YoY 12.29 21.06 -9.39 -8.82
EBITDA YoY 400.35 87.35
Net Profit YoY 146.70
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 48.98 104.17 76.89 99.12 1129900.00 329.63
Revenue YoY 47.91 99.94 50.76 100.93 54.14 109.39 46.39 90.86 48.26 94.19
EBITDA YoY 52.46 101.06 -49.46 61.70 103.92 98.27 298.73 97.51 5.40 191.21 4.85
Net Profit YoY 49.03 104.38 75.66 99.22 17.93 324.88

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 23.17 6.65 4.48 3.67 5.14
Quick Ratio 2.65 1.13 0.97 0.92 1.05
Current Ratio 3.44 1.95 1.66 1.50 1.69
Debt to Equity 1.41 0.96 1.00 1.09 2.10
Long-Term Debt to Equity 1.04 0.55 0.58 0.66 1.45
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 29.23 26.92 24.78 23.29 21.61 20.15 6.58 6.64 5.61 5.13 4.33 4.47 4.78 4.63 4.53 3.60 4.29 4.78 13.84 5.12
Quick Ratio 1.72 1.61 1.49 2.65 2.53 2.31 1.11 1.13 1.03 0.99 0.93 0.97 0.96 1.02 1.01 0.92 1.03 1.06 1.03 1.05
Current Ratio 2.17 2.04 1.93 3.44 3.36 3.16 1.90 1.95 1.82 1.73 1.68 1.66 1.61 1.64 1.58 1.50 1.62 1.64 1.39 1.69
Debt to Equity 1.17 1.22 1.32 1.41 1.46 1.60 0.93 0.96 1.00 1.03 1.05 1.00 1.07 1.04 1.04 1.09 1.02 1.07 1.40 2.10
Long-Term Debt to Equity 0.59 0.62 0.67 1.04 1.08 1.18 0.51 0.55 0.55 0.58 0.60 0.58 0.62 0.63 0.62 0.66 0.61 0.64 0.65 1.45

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 7.02 3.72 -0.41 -3.39 -2.22
ROE 16.94 7.28 -0.82 -7.11 -6.90
Gross Margin 103.16 32.84 29.08 28.93 27.71
Operating Margin 48.60 6.24 -0.50 -4.80 -0.58
EBITDA Margin 54.06 12.13 7.84 -0.56 3.90
Net Profit Margin 9.80 4.46 -0.54 -4.10 -2.67
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 5.37 3.69 1.87 5.38 3.14 1.93 2.09 0.49 -0.48 -1.38 -1.56 0.04 -0.92 -0.82 0.43
ROE 11.64 8.19 4.34 13.22 8.17 3.73 4.18 1.01 -0.99 -2.86 -3.18 0.08 -1.87 -1.71 1.03
Gross Margin 110.34 108.95 107.33 34.21 34.30 34.03 32.42 31.89 31.61 28.72 28.81 28.45 30.21 31.41 32.15
Operating Margin 56.61 54.85 54.53 12.28 11.25 11.12 5.29 2.53 -2.03 -1.63 -3.11 1.34 0.86 1.00 5.53
EBITDA Margin 61.14 59.31 58.98 17.39 16.21 15.98 11.31 8.80 4.62 6.92 5.13 9.28 10.31 5.25 9.72
Net Profit Margin 11.11 11.02 10.78 9.90 8.50 8.57 3.29 1.19 -2.39 -2.41 -3.97 0.19 -1.50 -2.03 2.43

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 3,407,623.00 2,604,263.00 2,378,078.00 2,393,790.00 2,607,023.00
   Current Assets 1,815,892.00 1,049,438.00 829,584.00 749,929.00 930,262.00
      Cash and Short-Term Investments 1,051,237.00 302,049.00 202,007.00 162,579.00 206,933.00
            Cash and Cash Equivalents 1,051,237.00 302,049.00 202,007.00 162,579.00 206,933.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 350,473.00 303,821.00 280,435.00 298,459.00 369,828.00
      Inventory 270,725.00 283,686.00 228,701.00 165,799.00 182,377.00
      Other Current Assets 143,457.00 159,882.00 118,441.00 123,092.00 171,124.00
   Non-Current Assets 1,591,731.00 1,554,825.00 1,548,494.00 1,643,861.00 1,676,761.00
      Property, Plant, Equipment Net 144,385.00 169,992.00 192,949.00 228,707.00 284,092.00
      Goodwill 1,052,130.00 1,052,504.00 1,038,721.00 1,098,975.00 1,131,916.00
      Intangible Assets 43,109.00 46,282.00 64,941.00 92,529.00 132,955.00
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 310,280.00 247,211.00 211,982.00 181,472.00 76,142.00
      Other Non-Current Assets 41,827.00 38,836.00 39,901.00 42,178.00 51,656.00
Liabilities 1,996,195.00 1,272,832.00 1,186,522.00 1,251,031.00 1,766,750.00
   Current Liabilities 528,265.00 537,236.00 498,572.00 501,344.00 549,899.00
      Payables and Expenses 296,615.00 349,986.00 344,812.00 325,067.00 330,217.00
            Account Payables 144,929.00 199,520.00 237,178.00 193,129.00 215,639.00
            Current Accrued Liabilities 151,686.00 150,466.00 107,634.00 131,938.00 114,578.00
      Short-Term Debt 14,584.00 14,981.00 15,967.00 0 18,359.00
      Other Current Liabilities 217,066.00 172,269.00 137,793.00 176,277.00 201,323.00
   Non-Current Liabilities 1,467,930.00 735,596.00 687,950.00 749,687.00 1,216,851.00
      Long-Term Debt 2,510,198.00 942,310.00 949,422.00 957,770.00 1,871,977.00
      Other Non-Current Liabilities -1,042,268.00 -206,714.00 -261,472.00 -208,083.00 -655,126.00
Equity 1,411,428.00 1,331,431.00 1,191,556.00 1,142,759.00 840,273.00
   Shareholders Equity 1,390,600.00 1,310,911.00 1,168,473.00 1,116,077.00 816,548.00
      Capital Stock 1,689,835.00 1,820,510.00 1,788,479.00 1,779,775.00 1,389,419.00
      Share Premium 0 0 0 0 0
      Retained Earnings -189,304.00 -428,409.00 -525,332.00 -515,600.00 -434,345.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -329,793.00 -243,570.00 -298,632.00 -458,904.00 -431,599.00
   Minority Interest 20,828.00 20,520.00 23,083.00 26,682.00 23,725.00
Investments 417.00 738.00 4,863.00 5,730.00 1,312.00
Debt 2,510,198.00 942,310.00 949,422.00 957,770.00 1,908,695.00
Net Debt 1,458,961.00 640,261.00 747,415.00 795,191.00 1,701,762.00
Common Shares Outstanding 45,131.00 45,512.00 45,186.00 45,152.00 40,444.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 2,440,837.00 2,173,633.00 1,795,564.00 1,981,572.00 2,173,350.00
Cost Of Revenue -77,114.00 1,459,725.00 1,273,375.00 1,408,403.00 1,571,183.00
Gross Profit 2,517,951.00 713,908.00 522,189.00 573,169.00 602,167.00
Operating Expenses 2,253,841.00 585,041.00 537,067.00 731,767.00 622,957.00
   Selling, General and Administrative Expenses 453,327.00 312,779.00 290,453.00 300,520.00 276,920.00
   Research and Development Expenses 575,582.00 208,688.00 185,098.00 197,235.00 194,101.00
   Other Operating Expenses 1,224,932.00 63,574.00 61,516.00 234,012.00 151,936.00
Operating Income 264,110.00 128,867.00 -14,878.00 -158,598.00 -20,790.00
Net Non-Operating Income 906,866.00 -1,481.00 -865.00 34,788.00 -35,849.00
Interest Income 49,956.00 17,663.00 9,357.00 30,195.00 46,999.00
Interest Expense 15,379.00 8,349.00 6,724.00 28,638.00 44,001.00
Net Interest 34,577.00 9,314.00 2,633.00 1,557.00 2,998.00
EBT 1,170,976.00 127,386.00 -15,743.00 -123,810.00 -56,639.00
Income Tax 43,407.00 29,068.00 6,196.00 45,512.00 238.00
Net Income Including Non-Controlling Interests 237,086.00 95,528.00 -9,917.00 -84,212.00 -59,033.00
Net Income Non-Controlling Interests 2,019.00 1,395.00 185.00 2,957.00 1,078.00
Net Income 239,105.00 96,923.00 -9,732.00 -81,255.00 -57,955.00
EBIT 1,186,355.00 135,735.00 -9,019.00 -95,172.00 -12,638.00
Deprecation and Amortization 133,151.00 127,980.00 149,783.00 84,153.00 97,290.00
EBITDA 1,319,506.00 263,715.00 140,764.00 -11,019.00 84,652.00
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 45,368.00 45,421.00 45,101.00 44,301.00 40,253.00
Average Shares Outstanding Diluted 46,187.00 45,836.00 45,101.00 44,301.00 40,253.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 238,175.00 124,971.00 24,500.00 154,794.00 109,514.00
   Operating Net Income 721,353.00 293,559.00 -28,826.00 -237,851.00 -171,709.00
   Deprecation and Amortization 133,151.00 127,980.00 149,783.00 84,153.00 97,290.00
   Deferred Income Tax -37,194.00 -35,117.00 -52,722.00 -61,039.00 -66,636.00
   Share Based Compensation 43,874.00 28,357.00 21,881.00 23,618.00 25,053.00
   Change in Working Capital 62,315.00 193,166.00 123,537.00 -55,851.00 -235,533.00
   Other Operating Activities -685,324.00 -482,974.00 -189,153.00 401,764.00 461,049.00
Investing Cash Flow -63,412.00 -23,308.00 40,516.00 -34,884.00 -41,036.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 30,562.00 26,884.00 19,747.00 34,682.00 46,208.00
   Net Purchase/Sale of Investments Net -850.00 -4,348.00 -4,307.00 -5,326.00 -4,039.00
   Net Purchase/Sale of Business 34,510.00 -772.00 55,910.00 75,512.00 -1,133.00
   Other Investing Activities -127,634.00 -45,072.00 -30,834.00 -139,752.00 -82,072.00
Financing Cash Flow 579,573.00 -3,508.00 -18,737.00 -152,887.00 -11,576.00
   Net Issuance/Repayment of Debt 805,000.00 0 0 1,406,094.00 814,063.00
   Net Issuance/Repurchase of Equity 108,321.00 3,674.00 20,424.00 538,574.00 8,886.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities -333,748.00 -7,182.00 -39,161.00 -2,097,555.00 -834,525.00
Net Change in Cash 749,188.00 100,042.00 39,428.00 -44,354.00 57,029.00
   Cash at Beginning of Period 302,049.00 202,007.00 162,579.00 0 149,904.00
   Cash at End of Period 1,051,237.00 302,049.00 202,007.00 0 206,933.00
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 3,710,761.00 3,623,768.00 3,503,142.00 3,407,623.00 3,365,413.00 3,283,940.00 2,676,563.00 2,604,263.00 2,511,411.00 2,498,638.00 2,445,915.00 2,378,078.00 2,316,782.00 2,307,597.00 2,419,816.00 2,393,790.00 2,422,767.00 2,488,585.00 2,927,968.00 2,607,023.00
   Current Assets 2,144,031.00 1,988,873.00 1,902,528.00 1,815,892.00 1,754,534.00 1,689,455.00 1,097,097.00 1,049,438.00 1,009,742.00 969,987.00 902,056.00 829,584.00 808,642.00 756,088.00 792,527.00 749,929.00 802,387.00 842,900.00 1,260,101.00 930,262.00
      Cash and Short-Term Investments 1,331,944.00 1,224,257.00 1,123,267.00 1,051,237.00 982,507.00 920,639.00 300,606.00 302,049.00 254,771.00 232,787.00 196,013.00 202,007.00 215,413.00 208,500.00 203,997.00 162,579.00 188,691.00 207,131.00 574,592.00 206,933.00
            Cash and Cash Equivalents 1,331,944.00 1,224,257.00 1,123,267.00 1,051,237.00 982,507.00 920,639.00 300,606.00 302,049.00 254,771.00 232,787.00 196,013.00 202,007.00 215,413.00 208,500.00 203,997.00 162,579.00 188,691.00 207,131.00 574,592.00 206,933.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 369,511.00 340,321.00 346,599.00 350,473.00 338,769.00 316,742.00 339,948.00 303,821.00 318,104.00 318,809.00 305,275.00 280,435.00 266,669.00 259,657.00 303,250.00 298,459.00 320,994.00 336,071.00 365,826.00 369,828.00
      Inventory 255,278.00 283,297.00 281,878.00 270,725.00 276,616.00 291,781.00 287,220.00 283,686.00 276,099.00 267,042.00 265,122.00 228,701.00 203,612.00 174,522.00 171,259.00 165,799.00 175,432.00 179,347.00 169,412.00 182,377.00
      Other Current Assets 187,298.00 140,998.00 150,784.00 143,457.00 156,642.00 160,293.00 169,323.00 159,882.00 160,768.00 151,349.00 135,646.00 118,441.00 122,948.00 113,409.00 114,021.00 123,092.00 117,270.00 120,351.00 150,271.00 171,124.00
   Non-Current Assets 1,566,730.00 1,634,895.00 1,600,614.00 1,591,731.00 1,610,879.00 1,594,485.00 1,579,466.00 1,554,825.00 1,501,669.00 1,528,651.00 1,543,859.00 1,548,494.00 1,508,140.00 1,551,509.00 1,627,289.00 1,643,861.00 1,620,380.00 1,645,685.00 1,667,867.00 1,676,761.00
      Property, Plant, Equipment Net 144,731.00 151,006.00 139,683.00 144,385.00 158,090.00 159,645.00 165,977.00 169,992.00 170,999.00 177,290.00 185,544.00 192,949.00 193,582.00 208,746.00 219,871.00 228,707.00 257,347.00 268,268.00 274,465.00 284,092.00
      Goodwill 1,087,822.00 1,088,408.00 1,062,665.00 1,052,130.00 1,073,757.00 1,060,093.00 1,064,275.00 1,052,504.00 1,035,761.00 1,046,759.00 1,044,661.00 1,038,721.00 1,011,051.00 1,036,160.00 1,091,888.00 1,098,975.00 1,115,697.00 1,123,155.00 1,118,322.00 1,131,916.00
      Intangible Assets 30,003.00 34,426.00 38,744.00 43,109.00 47,969.00 52,544.00 57,123.00 46,282.00 50,408.00 55,378.00 60,052.00 64,941.00 70,346.00 78,030.00 85,514.00 92,529.00 103,763.00 113,672.00 122,861.00 132,955.00
      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 259,962.00 318,595.00 315,180.00 310,280.00 290,259.00 283,697.00 249,694.00 247,211.00 209,153.00 213,777.00 215,745.00 211,982.00 188,728.00 187,178.00 186,133.00 181,472.00 101,907.00 99,297.00 94,620.00 76,142.00
      Other Non-Current Assets 44,212.00 42,460.00 44,342.00 41,827.00 40,804.00 38,506.00 42,397.00 38,836.00 35,348.00 35,447.00 37,857.00 39,901.00 44,433.00 41,395.00 43,883.00 42,178.00 41,666.00 41,293.00 57,599.00 51,656.00
Liabilities 1,997,343.00 1,989,344.00 1,994,063.00 1,996,195.00 1,996,726.00 2,023,249.00 1,291,253.00 1,272,832.00 1,253,681.00 1,269,751.00 1,251,772.00 1,186,522.00 1,199,609.00 1,174,497.00 1,233,064.00 1,251,031.00 1,222,941.00 1,287,927.00 1,706,800.00 1,766,750.00
   Current Liabilities 987,374.00 973,059.00 983,420.00 528,265.00 521,471.00 535,187.00 578,317.00 537,236.00 555,924.00 559,920.00 536,555.00 498,572.00 502,117.00 461,190.00 501,568.00 501,344.00 495,754.00 514,365.00 909,562.00 549,899.00
      Payables and Expenses 268,650.00 243,276.00 269,592.00 296,615.00 284,951.00 305,279.00 333,705.00 349,986.00 347,470.00 352,386.00 339,814.00 344,812.00 331,368.00 275,679.00 307,776.00 325,067.00 306,099.00 299,487.00 294,013.00 330,217.00
            Account Payables 145,321.00 123,127.00 164,417.00 144,929.00 152,510.00 184,783.00 223,575.00 199,520.00 224,308.00 234,928.00 244,820.00 237,178.00 235,812.00 169,368.00 203,475.00 193,129.00 188,663.00 175,546.00 181,606.00 215,639.00
            Current Accrued Liabilities 123,329.00 120,149.00 105,175.00 151,686.00 132,441.00 120,496.00 110,130.00 150,466.00 123,162.00 117,458.00 94,994.00 107,634.00 95,556.00 106,311.00 104,301.00 131,938.00 117,436.00 123,941.00 112,407.00 114,578.00
      Short-Term Debt 458,928.00 458,334.00 457,747.00 14,584.00 0 0 0 14,981.00 0 0 0 15,967.00 0 0 0 0 0 0 400,000.00 18,359.00
      Other Current Liabilities 259,796.00 271,449.00 256,081.00 217,066.00 236,520.00 229,908.00 244,612.00 172,269.00 208,454.00 207,534.00 196,741.00 137,793.00 170,749.00 185,511.00 193,792.00 176,277.00 189,655.00 214,878.00 215,549.00 201,323.00
   Non-Current Liabilities 1,009,969.00 1,016,285.00 1,010,643.00 1,467,930.00 1,475,255.00 1,488,062.00 712,936.00 735,596.00 697,757.00 709,831.00 715,217.00 687,950.00 697,492.00 713,307.00 731,496.00 749,687.00 727,187.00 773,562.00 797,238.00 1,216,851.00
      Long-Term Debt 1,598,702.00 1,601,107.00 1,594,596.00 2,510,198.00 2,510,720.00 2,508,012.00 942,502.00 942,310.00 941,518.00 943,278.00 946,482.00 949,422.00 951,041.00 952,820.00 955,923.00 957,770.00 958,407.00 1,020,853.00 1,058,884.00 1,871,977.00
      Other Non-Current Liabilities -588,733.00 -584,822.00 -583,953.00 -1,042,268.00 -1,035,465.00 -1,019,950.00 -229,566.00 -206,714.00 -243,761.00 -233,447.00 -231,265.00 -261,472.00 -253,549.00 -239,513.00 -224,427.00 -208,083.00 -231,220.00 -247,291.00 -261,646.00 -655,126.00
Equity 1,713,418.00 1,634,424.00 1,509,079.00 1,411,428.00 1,368,687.00 1,260,691.00 1,385,310.00 1,331,431.00 1,257,730.00 1,228,887.00 1,194,143.00 1,191,556.00 1,117,173.00 1,133,100.00 1,186,752.00 1,142,759.00 1,199,826.00 1,200,658.00 1,221,168.00 840,273.00
   Shareholders Equity 1,693,201.00 1,613,308.00 1,488,375.00 1,390,600.00 1,348,319.00 1,239,563.00 1,364,724.00 1,310,911.00 1,237,730.00 1,205,124.00 1,171,282.00 1,168,473.00 1,093,828.00 1,110,110.00 1,160,080.00 1,116,077.00 1,173,587.00 1,175,278.00 1,196,466.00 816,548.00
      Capital Stock 1,745,986.00 1,728,667.00 1,708,588.00 1,689,835.00 1,673,916.00 1,662,965.00 1,833,510.00 1,820,510.00 1,811,365.00 1,803,813.00 1,796,005.00 1,788,479.00 1,783,193.00 1,777,476.00 1,770,057.00 1,779,775.00 1,782,060.00 1,775,315.00 1,768,517.00 1,389,419.00
      Share Premium 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Retained Earnings 10,123.00 -55,490.00 -123,830.00 -189,304.00 -247,411.00 -325,370.00 -376,688.00 -428,409.00 -472,795.00 -512,967.00 -537,168.00 -525,332.00 -547,544.00 -551,661.00 -514,694.00 -515,600.00 -456,734.00 -454,865.00 -421,742.00 -434,345.00
      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 -62,908.00 -59,869.00 -96,383.00 -329,793.00 -78,186.00 -98,032.00 -92,098.00 -243,570.00 -100,840.00 -85,722.00 -87,555.00 -298,632.00 -112,831.00 -115,895.00 -95,473.00 -458,904.00 -180,322.00 -174,265.00 -178,182.00 -431,599.00
   Minority Interest 20,217.00 21,116.00 20,704.00 20,828.00 20,368.00 21,128.00 20,586.00 20,520.00 20,000.00 23,763.00 22,861.00 23,083.00 23,345.00 22,990.00 26,672.00 26,682.00 26,239.00 25,380.00 24,702.00 23,725.00
Investments 0 0 0 417.00 0 0 0 738.00 0 0 0 4,863.00 0 0 0 5,730.00 0 0 0 1,312.00
Debt 2,057,630.00 2,059,441.00 2,052,343.00 2,510,198.00 2,510,720.00 2,508,012.00 942,502.00 942,310.00 941,518.00 943,278.00 946,482.00 949,422.00 951,041.00 952,820.00 955,923.00 957,770.00 958,407.00 1,020,853.00 1,858,884.00 1,908,695.00
Net Debt 725,686.00 835,184.00 929,076.00 1,458,961.00 1,528,213.00 1,587,373.00 641,896.00 640,261.00 686,747.00 710,491.00 750,469.00 747,415.00 735,628.00 744,320.00 751,926.00 795,191.00 769,716.00 813,722.00 1,284,292.00 1,701,762.00
Common Shares Outstanding 45,791.00 45,710.00 45,572.00 45,131.00 45,016.00 44,952.00 45,850.00 45,512.00 45,474.00 45,448.00 45,405.00 45,186.00 45,154.00 45,070.00 45,037.00 45,152.00 45,260.00 45,150.00 45,122.00 40,444.00
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 1,795,537.00 1,213,912.00 607,151.00 -1,203,089.00 1,827,973.00 1,212,511.00 603,442.00 -953,133.00 1,596,460.00 1,035,688.00 494,618.00 -915,053.00 1,328,073.00 907,213.00 475,331.00 -1,042,923.00 1,495,935.00 1,008,986.00 519,574.00
Cost Of Revenue -185,609.00 -108,599.00 -44,506.00 -2,474,385.00 1,202,536.00 796,672.00 398,063.00 -662,840.00 1,078,942.00 705,373.00 338,250.00 -659,298.00 946,682.00 645,884.00 340,107.00 -680,247.00 1,044,053.00 692,067.00 352,530.00
Gross Profit 1,981,146.00 1,322,511.00 651,657.00 1,271,296.00 625,437.00 415,839.00 205,379.00 -290,293.00 517,518.00 330,315.00 156,368.00 -255,755.00 381,391.00 261,329.00 135,224.00 -362,676.00 451,882.00 316,919.00 167,044.00
Operating Expenses 1,746,737.00 1,169,885.00 575,444.00 1,398,813.00 424,057.00 288,392.00 142,579.00 -335,642.00 437,921.00 305,608.00 177,154.00 -327,114.00 421,031.00 314,745.00 128,405.00 -120,959.00 423,711.00 292,911.00 136,104.00
   Selling, General and Administrative Expenses 343,921.00 234,178.00 115,081.00 -61,051.00 254,023.00 174,384.00 85,971.00 -148,518.00 231,176.00 154,600.00 75,521.00 -147,950.00 212,724.00 149,278.00 76,401.00 -147,582.00 221,974.00 150,136.00 75,992.00
   Research and Development Expenses 415,218.00 279,822.00 134,538.00 261,036.00 156,691.00 105,454.00 52,401.00 -98,771.00 154,769.00 103,125.00 49,565.00 -97,620.00 138,471.00 94,651.00 49,596.00 -102,361.00 147,379.00 100,490.00 51,727.00
   Other Operating Expenses 987,598.00 655,885.00 325,825.00 1,198,828.00 13,343.00 8,554.00 4,207.00 -88,353.00 51,976.00 47,883.00 52,068.00 -81,544.00 69,836.00 70,816.00 2,408.00 128,984.00 54,358.00 42,285.00 8,385.00
Operating Income 234,409.00 152,626.00 76,213.00 -127,517.00 201,380.00 127,447.00 62,800.00 45,349.00 79,597.00 24,707.00 -20,786.00 71,359.00 -39,640.00 -53,416.00 6,819.00 -241,717.00 28,171.00 24,008.00 30,940.00
Net Non-Operating Income 765,126.00 501,946.00 249,255.00 886,340.00 13,301.00 4,809.00 2,416.00 -5,971.00 -1,673.00 -2,516.00 8,679.00 -33,864.00 13,116.00 21,947.00 -2,064.00 128,380.00 -42,465.00 -38,428.00 -12,699.00
Interest Income 0 0 0 49,956.00 0 0 0 17,663.00 0 0 0 9,357.00 0 0 0 30,195.00 0 0 0
Interest Expense 16,888.00 11,241.00 5,593.00 -485.00 9,788.00 4,183.00 1,893.00 -4,221.00 6,479.00 4,034.00 2,057.00 -3,051.00 4,931.00 3,252.00 1,592.00 -33,423.00 27,107.00 24,479.00 10,475.00
Net Interest 0 0 0 34,577.00 0 0 0 9,314.00 0 0 0 2,633.00 0 0 0 1,557.00 0 0 0
EBT 999,535.00 654,572.00 325,468.00 758,823.00 214,681.00 132,256.00 65,216.00 39,378.00 77,924.00 22,191.00 -12,107.00 37,495.00 -26,524.00 -31,469.00 4,755.00 -113,337.00 -14,294.00 -14,420.00 18,241.00
Income Tax 56,137.00 31,659.00 16,929.00 -30,755.00 32,124.00 28,609.00 13,429.00 -4,640.00 24,513.00 9,125.00 70.00 -7,136.00 4,973.00 4,500.00 3,859.00 30,825.00 5,581.00 4,445.00 4,661.00
Net Income Including Non-Controlling Interests 198,529.00 133,526.00 65,598.00 -96,439.00 179,439.00 102,431.00 51,655.00 43,836.00 51,663.00 11,664.00 -11,635.00 57,711.00 -32,391.00 -36,153.00 916.00 -48,760.00 -24,903.00 -22,175.00 11,626.00
Net Income Non-Controlling Interests 898.00 288.00 -124.00 -214.00 1,559.00 608.00 66.00 21.00 874.00 701.00 -201.00 -344.00 447.00 92.00 -10.00 -2,189.00 2,514.00 1,655.00 977.00
Net Income 199,427.00 133,814.00 65,474.00 -96,653.00 180,998.00 103,039.00 51,721.00 43,857.00 52,537.00 12,365.00 -11,836.00 57,367.00 -31,944.00 -36,061.00 906.00 -50,949.00 -22,389.00 -20,520.00 12,603.00
EBIT 1,016,423.00 665,813.00 331,061.00 758,338.00 224,469.00 136,439.00 67,109.00 35,157.00 84,403.00 26,225.00 -10,050.00 34,444.00 -21,593.00 -28,217.00 6,347.00 -146,760.00 12,813.00 10,059.00 28,716.00
Deprecation and Amortization 81,298.00 54,207.00 27,059.00 -49,750.00 93,439.00 60,160.00 29,302.00 -66,018.00 96,223.00 64,877.00 32,898.00 -76,214.00 113,474.00 74,736.00 37,787.00 -122,042.00 141,466.00 42,919.00 21,810.00
EBITDA 1,097,721.00 720,020.00 358,120.00 708,588.00 317,908.00 196,599.00 96,411.00 -30,861.00 180,626.00 91,102.00 22,848.00 -41,770.00 91,881.00 46,519.00 44,134.00 -268,802.00 154,279.00 52,978.00 50,526.00
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 45,574.00 45,486.00 45,338.00 44,664.00 45,458.00 45,698.00 45,652.00 45,652.00 45,393.00 45,358.00 45,281.00 45,269.00 45,075.00 45,042.00 45,018.00 48,351.00 43,983.00 43,344.00 41,526.00
Average Shares Outstanding Diluted 46,405.00 46,276.00 46,172.00 45,711.00 46,239.00 46,441.00 46,357.00 46,618.00 45,768.00 45,677.00 45,281.00 45,047.00 45,075.00 45,042.00 45,240.00 47,913.00 43,983.00 43,344.00 41,964.00
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 286,631.00 168,802.00 72,117.00 -54,484.00 158,326.00 93,025.00 41,308.00 3,477.00 77,076.00 42,989.00 1,429.00 -43,277.00 37,530.00 22,656.00 7,591.00 -158,988.00 141,147.00 122,680.00 49,955.00
   Operating Net Income 200,325.00 134,102.00 196,174.00 279,854.00 182,557.00 103,647.00 155,295.00 262,992.00 53,411.00 13,066.00 -35,910.00 35,942.00 -31,497.00 -35,969.00 2,698.00 -238,874.00 -19,875.00 -18,865.00 39,763.00
   Deprecation and Amortization 81,298.00 54,207.00 27,059.00 -49,750.00 93,439.00 60,160.00 29,302.00 -66,018.00 96,223.00 64,877.00 32,898.00 -76,214.00 113,474.00 74,736.00 37,787.00 -122,042.00 141,466.00 42,919.00 21,810.00
   Deferred Income Tax 0 0 0 -37,194.00 0 0 0 -35,117.00 0 0 0 -52,722.00 0 0 0 -61,039.00 0 0 0
   Share Based Compensation 47,819.00 33,396.00 16,558.00 -21,467.00 32,067.00 21,845.00 11,429.00 -12,787.00 20,531.00 13,694.00 6,919.00 -14,194.00 17,416.00 12,532.00 6,127.00 -13,717.00 18,251.00 12,586.00 6,498.00
   Change in Working Capital -28,660.00 -31,020.00 11,764.00 -121,028.00 24,744.00 45,403.00 113,196.00 -371,402.00 213,259.00 198,633.00 152,676.00 -98,646.00 139,409.00 13,333.00 69,441.00 58,633.00 -63,542.00 -43,316.00 -7,626.00
   Other Operating Activities -14,151.00 -21,883.00 -179,438.00 -104,899.00 -174,481.00 -138,030.00 -267,914.00 225,809.00 -306,348.00 -247,281.00 -155,154.00 162,557.00 -201,272.00 -41,976.00 -108,462.00 218,051.00 64,847.00 129,356.00 -10,490.00
Investing Cash Flow -16,794.00 -10,651.00 -4,634.00 79,941.00 -54,387.00 -47,820.00 -41,146.00 16,573.00 -19,003.00 -13,220.00 -7,658.00 -100,942.00 43,494.00 47,015.00 50,949.00 7,256.00 -21,819.00 -14,515.00 -5,806.00
   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 15,077.00 10,656.00 4,639.00 -11,716.00 20,878.00 14,255.00 7,145.00 -10,820.00 18,304.00 12,498.00 6,902.00 -11,171.00 14,886.00 10,663.00 5,369.00 -24,987.00 27,781.00 20,476.00 11,412.00
   Net Purchase/Sale of Investments Net 1,995.00 -5.00 -5.00 -357.00 -212.00 -156.00 -125.00 -4,209.00 -73.00 -50.00 -16.00 201.00 -2,424.00 -1,722.00 -362.00 3,077.00 -2,820.00 -2,819.00 -2,764.00
   Net Purchase/Sale of Business 278.00 0 0 -68,678.00 34,531.00 34,531.00 34,126.00 1,544.00 -772.00 -772.00 -772.00 -167,720.00 55,910.00 55,910.00 111,810.00 84,638.00 -3,142.00 -3,142.00 -2,842.00
   Other Investing Activities -34,144.00 -21,302.00 -9,268.00 160,692.00 -109,584.00 -96,450.00 -82,292.00 30,058.00 -36,462.00 -24,896.00 -13,772.00 77,748.00 -24,878.00 -17,836.00 -65,868.00 -55,472.00 -43,638.00 -29,030.00 -11,612.00
Financing Cash Flow 1,837.00 4,751.00 1,761.00 -574,428.00 576,085.00 576,839.00 1,077.00 -1,544.00 -2,639.00 770.00 -95.00 37,840.00 -19,396.00 -20,076.00 -17,105.00 -232,516.00 -136,808.00 -108,144.00 324,581.00
   Net Issuance/Repayment of Debt 0 0 0 -805,000.00 805,000.00 805,000.00 0 0 0 0 0 0 0 0 0 -2,310,000.00 1,406,094.00 1,375,000.00 935,000.00
   Net Issuance/Repurchase of Equity 6,332.00 5,436.00 2,195.00 -100,532.00 104,317.00 102,972.00 1,564.00 -940.00 2,366.00 1,641.00 607.00 -35,704.00 19,603.00 18,769.00 17,756.00 -866,272.00 439,119.00 438,023.00 527,704.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -4,495.00 -685.00 -434.00 331,104.00 -333,232.00 -331,133.00 -487.00 -604.00 -5,005.00 -871.00 -702.00 73,544.00 -38,999.00 -38,845.00 -34,861.00 2,943,756.00 -1,982,021.00 -1,921,167.00 -1,138,123.00
Net Change in Cash 280,707.00 173,020.00 72,030.00 -548,417.00 680,458.00 618,590.00 -1,443.00 22,492.00 52,764.00 30,780.00 -5,994.00 -100,745.00 52,834.00 45,921.00 41,418.00 -393,969.00 -18,242.00 198.00 367,659.00
   Cash at Beginning of Period 1,051,237.00 1,051,237.00 1,051,237.00 1,599,654.00 302,049.00 302,049.00 302,049.00 279,557.00 202,007.00 202,007.00 202,007.00 302,752.00 162,579.00 162,579.00 162,579.00 0.00 206,933.00 206,933.00 206,933.00
   Cash at End of Period 1,331,944.00 1,224,257.00 1,123,267.00 1,051,237.00 982,507.00 920,639.00 300,606.00 302,049.00 254,771.00 232,787.00 196,013.00 202,007.00 215,413.00 208,500.00 203,997.00 0 188,691.00 207,131.00 574,592.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0