Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 17.29 23.28 23.69 26.57 19.54
Price to Sales 2.19 2.01 2.27 2.48 2.40
Book Value Per Common Share 3.87 4.12 2.58 2.60 1.85
Price to Book 33.86 29.48 52.66 55.08 72.95
Price to Operating Cash Flow 13.60 11.59 16.76 17.66 12.32
Price to Free Cash Flow
Enterprise Value to EBITDA 109300.44 133516.66 135712.16 148248.50 114800.72
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 27.09 39.79 83.17 22.84 39.15 67.37 32.57 69.73 79.89 26.61 47.42 79.46 30.66 45.82 80.38
Price to Sales 3.34 5.21 9.75 3.17 4.58 8.46 2.64 4.52 8.72 2.50 4.49 8.15 3.09 4.77 9.92
Book Value Per Common Share 4.01 3.83 3.32 3.87 3.85 3.37 3.10 4.12 2.01 1.48 2.13 2.58 1.29 1.76 2.09 2.60 1.41 1.56 1.53 1.85
Price to Book 30.98 33.66 42.87 33.86 36.93 41.00 41.73 29.48 60.07 93.38 62.98 52.66 86.92 76.94 58.87 55.08 94.08 86.01 90.62 72.95
Price to Operating Cash Flow 22.86 39.03 144.31 19.81 31.93 99.49 17.56 33.33 73.90 21.81 48.30 203.47 26.79 51.00 146.51
Price to Free Cash Flow
Enterprise Value to EBITDA 101573.01 155710.37

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 45.21 -8.90 6.51 -22.03
Revenue YoY -1.83 1.27 3.78 1.57
EBITDA YoY 29.70 -9.15 3.97 -18.38
Net Profit YoY 44.27 -8.79 6.62 -22.87
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 41.67 89.47 76.49 83.85 87.37 17.86 48.42 83.87 47.95 68.79
Revenue YoY 50.51 69.77 48.65 97.67 49.69 98.83 49.74 99.37 52.93 99.56
EBITDA YoY 47.85
Net Profit YoY 41.45 89.77 76.15 84.08 87.87 18.02 48.65 83.56 47.47 69.18

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 3.04 3.24 1.27 0.80 0.89
Quick Ratio 0.38 0.40 0.33 0.33 0.39
Current Ratio 0.88 0.95 0.90 0.91 0.80
Debt to Equity 15.97 15.24 24.67 23.20 19.16
Long-Term Debt to Equity 7.71 7.65 13.03 12.95 11.75
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 1.86 1.91 1.70 3.08 3.30 3.45 2.53 3.24 2.41 1.72 1.55 1.27 1.07 0.92 1.46 0.80 0.85 0.91 0.95 0.89
Quick Ratio 0.37 0.37 0.40 0.38 0.47 0.49 0.47 0.40 0.46 0.45 0.42 0.33 0.37 0.39 0.41 0.33 0.37 0.37 0.38 0.39
Current Ratio 0.77 0.77 0.76 0.88 0.83 0.85 0.81 0.95 0.84 0.87 0.82 0.90 0.78 0.79 0.81 0.91 0.78 0.77 0.77 0.80
Debt to Equity 10.50 10.95 12.32 15.97 10.89 12.49 13.44 15.24 19.42 25.70 20.11 24.67 29.59 23.41 20.86 23.20 24.14 22.52 22.09 19.16
Long-Term Debt to Equity 5.68 5.84 6.67 7.71 5.99 7.02 7.63 7.65 11.29 15.57 11.87 13.03 17.25 13.70 12.37 12.95 13.88 12.96 13.12 11.75

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 15.38 10.17 10.76 10.17 13.42
ROE 261.03 165.17 276.29 246.13 270.66
Gross Margin 41.10 39.33 34.33 34.38 35.64
Operating Margin 15.94 11.33 13.00 12.76 16.62
EBITDA Margin 19.83 15.01 16.73 16.70 20.78
Net Profit Margin 12.69 8.63 9.59 9.33 12.29
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 9.01 6.42 3.48 12.22 6.89 3.79 7.32 3.84 3.11 8.00 5.30 2.80 8.20 5.54 3.39
ROE 103.68 76.69 46.32 145.29 92.97 54.65 149.40 102.61 65.74 244.77 129.38 61.24 206.08 130.34 78.28
Gross Margin 36.05 36.08 35.81 36.38 36.56 37.11 34.25 33.47 33.22 30.19 30.02 29.83 31.45 32.42 33.50
Operating Margin 14.65 14.62
EBITDA Margin 32.85 33.44
Net Profit Margin 12.31 13.09 11.71 13.87 11.70 12.57 8.12 6.47 10.90 9.38 9.45 10.27 10.07 10.44 12.31

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 16,546,000.00 17,344,000.00 17,970,000.00 17,837,000.00 17,523,000.00
   Current Assets 7,116,000.00 7,677,000.00 7,314,000.00 6,848,000.00 5,174,000.00
      Cash and Short-Term Investments 1,021,000.00 1,093,000.00 427,000.00 270,000.00 303,000.00
            Cash and Cash Equivalents 1,021,000.00 1,093,000.00 427,000.00 270,000.00 303,000.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 2,009,000.00 2,135,000.00 2,280,000.00 2,207,000.00 2,235,000.00
      Inventory 1,822,000.00 1,955,000.00 2,269,000.00 2,239,000.00 1,903,000.00
      Other Current Assets 2,264,000.00 2,494,000.00 2,338,000.00 2,132,000.00 733,000.00
   Non-Current Assets 9,430,000.00 9,667,000.00 10,656,000.00 10,989,000.00 12,349,000.00
      Property, Plant, Equipment Net 12,326,000.00 12,269,000.00 12,158,000.00 12,262,000.00 12,563,000.00
      Goodwill 1,964,000.00 2,085,000.00 4,849,000.00 4,084,000.00 4,180,000.00
      Intangible Assets 87,000.00 197,000.00 851,000.00 810,000.00 832,000.00
      Long-Term Investments 570,000.00 550,000.00 417,000.00 486,000.00 490,000.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets -5,517,000.00 -5,434,000.00 -7,619,000.00 -6,653,000.00 -5,716,000.00
Liabilities 15,571,000.00 16,276,000.00 17,270,000.00 17,100,000.00 16,654,000.00
   Current Liabilities 8,054,000.00 8,105,000.00 8,148,000.00 7,558,000.00 6,443,000.00
      Payables and Expenses 6,436,000.00 6,363,000.00 6,490,000.00 6,316,000.00 5,957,000.00
            Account Payables 4,117,000.00 4,047,000.00 4,201,000.00 4,220,000.00 3,695,000.00
            Current Accrued Liabilities 2,319,000.00 2,316,000.00 2,289,000.00 2,096,000.00 2,262,000.00
      Short-Term Debt 568,000.00 567,000.00 844,000.00 433,000.00 486,000.00
      Other Current Liabilities 1,050,000.00 1,175,000.00 814,000.00 809,000.00 0.00
   Non-Current Liabilities 7,517,000.00 8,171,000.00 9,122,000.00 9,542,000.00 10,211,000.00
      Long-Term Debt 6,875,000.00 7,417,000.00 7,578,000.00 8,141,000.00 7,878,000.00
      Other Non-Current Liabilities 642,000.00 754,000.00 1,544,000.00 1,401,000.00 2,333,000.00
Equity 975,000.00 1,068,000.00 700,000.00 737,000.00 869,000.00
   Shareholders Equity 1,284,000.00 1,389,000.00 870,000.00 874,000.00 626,000.00
      Capital Stock 473,000.00 473,000.00 473,000.00 473,000.00 473,000.00
      Share Premium 862,000.00 878,000.00 679,000.00 605,000.00 657,000.00
      Retained Earnings 9,257,000.00 8,368,000.00 8,201,000.00 7,858,000.00 7,567,000.00
      Treasury Shares 5,986,000.00 5,222,000.00 5,137,000.00 5,183,000.00 4,899,000.00
      Accumulated Other Comprehensive Income -7,502,000.00 -10,746,000.00 -11,007,000.00 -9,717,000.00 -9,516,000.00
   Minority Interest 135,000.00 153,000.00 153,000.00 223,000.00 243,000.00
Investments 570,000.00 550,000.00 417,000.00 486,000.00 490,000.00
Debt 7,443,000.00 7,984,000.00 8,422,000.00 8,574,000.00 8,364,000.00
Net Debt 6,422,000.00 6,891,000.00 7,995,000.00 8,304,000.00 8,061,000.00
Common Shares Outstanding 331,800.00 337,000.00 337,500.00 336,800.00 338,700.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 20,058,000.00 20,431,000.00 20,175,000.00 19,440,000.00 19,140,000.00
Cost Of Revenue 11,815,000.00 12,396,000.00 13,249,000.00 12,756,000.00 12,318,000.00
Gross Profit 8,243,000.00 8,035,000.00 6,926,000.00 6,684,000.00 6,822,000.00
Operating Expenses -1,875,000.00 3,278,000.00 1,607,000.00 1,534,000.00 388,000.00
   Selling, General and Administrative Expenses 1,184,000.00 1,075,000.00 901,000.00 893,000.00 956,000.00
   Research and Development Expenses 338,000.00 312,000.00 292,000.00 269,000.00 276,000.00
   Other Operating Expenses -3,397,000.00 1,891,000.00 414,000.00 372,000.00 -844,000.00
Operating Income 10,118,000.00 4,757,000.00 5,319,000.00 5,150,000.00 6,434,000.00
Net Non-Operating Income -7,191,000.00 -2,736,000.00 -2,979,000.00 -2,925,000.00 -3,504,000.00
Interest Income 318,000.00 359,000.00 296,000.00 262,000.00 260,000.00
Interest Expense 270,000.00 293,000.00 282,000.00 256,000.00 252,000.00
Net Interest 48,000.00 66,000.00 14,000.00 6,000.00 8,000.00
EBT 2,927,000.00 2,021,000.00 2,340,000.00 2,225,000.00 2,930,000.00
Income Tax 683,000.00 453,000.00 495,000.00 554,000.00 770,000.00
Equity Method Investments Income 216,000.00 196,000.00 116,000.00 98,000.00 142,000.00
Net Income Including Non-Controlling Interests 2,481,000.00 1,727,000.00 1,869,000.00 1,755,000.00 2,267,000.00
Net Income Non-Controlling Interests 64,000.00 37,000.00 65,000.00 59,000.00 85,000.00
Net Income 2,545,000.00 1,764,000.00 1,934,000.00 1,814,000.00 2,352,000.00
EBIT 3,197,000.00 2,314,000.00 2,622,000.00 2,481,000.00 3,182,000.00
Deprecation and Amortization 781,000.00 753,000.00 754,000.00 766,000.00 796,000.00
EBITDA 3,978,000.00 3,067,000.00 3,376,000.00 3,247,000.00 3,978,000.00
EPS 0.01 0.01 0.01 0.01 0.01
Diluted EPS 0.01 0.01 0.01 0.01 0.01
Average Shares Outstanding Basic 335,600.00 337,800.00 337,400.00 337,300.00 340,700.00
Average Shares Outstanding Diluted 337,000.00 338,800.00 338,300.00 338,800.00 342,500.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 3,234,000.00 3,542,000.00 2,733,000.00 2,730,000.00 3,729,000.00
   Operating Net Income 5,123,000.00 1,764,000.00 3,895,000.00 3,658,000.00 4,748,000.00
   Deprecation and Amortization 781,000.00 753,000.00 754,000.00 766,000.00 796,000.00
   Deferred Income Tax -38,000.00 -322,000.00 -57,000.00 -70,000.00 45,000.00
   Share Based Compensation 131,000.00 169,000.00 150,000.00 26,000.00 147,000.00
   Change in Working Capital -178,000.00 -582,000.00 17,000.00 -46,000.00 -363,000.00
   Other Operating Activities -2,585,000.00 1,760,000.00 -2,026,000.00 -1,604,000.00 -1,644,000.00
Investing Cash Flow -100,000.00 -418,000.00 -785,000.00 -1,056,000.00 -2,305,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 2,093,000.00 1,777,000.00 1,764,000.00 2,057,000.00 2,465,000.00
   Net Purchase/Sale of Investments Net -13,000.00 -8,000.00 14,000.00 10,000.00 -27,000.00
   Net Purchase/Sale of Business 0 0 46,000.00 0 1,083,000.00
   Other Investing Activities -2,180,000.00 -2,187,000.00 -2,609,000.00 -3,123,000.00 -5,826,000.00
Financing Cash Flow -3,166,000.00 -2,374,000.00 -1,760,000.00 -1,696,000.00 -1,567,000.00
   Net Issuance/Repayment of Debt 555,000.00 467,000.00 573,000.00 777,000.00 2,138,000.00
   Net Issuance/Repurchase of Equity 1,136,000.00 322,000.00 194,000.00 465,000.00 917,000.00
   Dividends Paid 1,663,000.00 1,623,000.00 1,656,000.00 1,516,000.00 1,451,000.00
   Other Financing Activities -6,520,000.00 -4,786,000.00 -4,183,000.00 -4,454,000.00 -6,073,000.00
Net Change in Cash -72,000.00 666,000.00 157,000.00 -33,000.00 -139,000.00
   Cash at Beginning of Period 1,093,000.00 427,000.00 270,000.00 0 0
   Cash at End of Period 1,021,000.00 1,093,000.00 427,000.00 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 16,888,000.00 16,771,000.00 16,305,000.00 16,546,000.00 17,165,000.00 17,280,000.00 17,092,000.00 17,344,000.00 17,153,000.00 17,383,000.00 18,177,000.00 17,970,000.00 17,836,000.00 18,114,000.00 18,672,000.00 17,837,000.00 17,775,000.00 17,827,000.00 17,226,000.00 17,523,000.00
   Current Assets 5,474,000.00 5,557,000.00 5,281,000.00 7,116,000.00 5,847,000.00 5,949,000.00 5,600,000.00 7,677,000.00 5,727,000.00 5,744,000.00 5,851,000.00 7,314,000.00 5,625,000.00 5,662,000.00 5,903,000.00 6,848,000.00 5,626,000.00 5,572,000.00 5,143,000.00 5,174,000.00
      Cash and Short-Term Investments 617,000.00 634,000.00 563,000.00 1,021,000.00 1,111,000.00 1,163,000.00 853,000.00 1,093,000.00 814,000.00 580,000.00 524,000.00 427,000.00 362,000.00 311,000.00 493,000.00 270,000.00 286,000.00 306,000.00 320,000.00 303,000.00
            Cash and Cash Equivalents 617,000.00 634,000.00 563,000.00 1,021,000.00 1,111,000.00 1,163,000.00 853,000.00 1,093,000.00 814,000.00 580,000.00 524,000.00 427,000.00 362,000.00 311,000.00 493,000.00 270,000.00 286,000.00 306,000.00 320,000.00 303,000.00
            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 1,972,000.00 2,007,000.00 2,176,000.00 2,009,000.00 2,229,000.00 2,306,000.00 2,383,000.00 2,135,000.00 2,298,000.00 2,359,000.00 2,430,000.00 2,280,000.00 2,333,000.00 2,469,000.00 2,516,000.00 2,207,000.00 2,399,000.00 2,340,000.00 2,199,000.00 2,235,000.00
      Inventory 1,541,000.00 1,558,000.00 1,909,000.00 1,822,000.00 1,937,000.00 1,915,000.00 1,877,000.00 1,955,000.00 2,021,000.00 2,128,000.00 2,224,000.00 2,269,000.00 2,281,000.00 2,278,000.00 2,265,000.00 2,239,000.00 2,098,000.00 2,110,000.00 1,956,000.00 1,903,000.00
      Other Current Assets 1,344,000.00 1,358,000.00 633,000.00 2,264,000.00 570,000.00 565,000.00 487,000.00 2,494,000.00 594,000.00 677,000.00 673,000.00 2,338,000.00 649,000.00 604,000.00 629,000.00 2,132,000.00 843,000.00 816,000.00 668,000.00 733,000.00
   Non-Current Assets 11,414,000.00 11,214,000.00 11,024,000.00 9,430,000.00 11,318,000.00 11,331,000.00 11,492,000.00 9,667,000.00 11,426,000.00 11,639,000.00 12,326,000.00 10,656,000.00 12,211,000.00 12,452,000.00 12,769,000.00 10,989,000.00 12,149,000.00 12,255,000.00 12,083,000.00 12,349,000.00
      Property, Plant, Equipment Net 6,530,000.00 6,317,000.00 7,507,000.00 12,326,000.00 7,703,000.00 7,620,000.00 7,772,000.00 12,269,000.00 7,700,000.00 7,815,000.00 7,866,000.00 12,158,000.00 7,737,000.00 7,931,000.00 8,114,000.00 12,262,000.00 7,964,000.00 8,018,000.00 7,887,000.00 12,563,000.00
      Goodwill 1,833,000.00 1,836,000.00 1,971,000.00 1,964,000.00 2,058,000.00 2,019,000.00 2,043,000.00 2,085,000.00 2,045,000.00 2,384,000.00 2,686,000.00 4,849,000.00 2,637,000.00 2,696,000.00 2,771,000.00 4,084,000.00 1,796,000.00 1,834,000.00 1,820,000.00 4,180,000.00
      Intangible Assets 0 0 0 87,000.00 0 0 0 197,000.00 0 0 0 851,000.00 0 0 0 810,000.00 0 0 0 832,000.00
      Long-Term Investments 355,000.00 359,000.00 354,000.00 570,000.00 362,000.00 381,000.00 364,000.00 550,000.00 320,000.00 299,000.00 281,000.00 417,000.00 266,000.00 270,000.00 266,000.00 486,000.00 340,000.00 350,000.00 349,000.00 490,000.00
      Non-Current Deferred Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 2,696,000.00 2,702,000.00 1,192,000.00 -5,517,000.00 1,195,000.00 1,311,000.00 1,313,000.00 -5,434,000.00 1,361,000.00 1,141,000.00 1,493,000.00 -7,619,000.00 1,571,000.00 1,555,000.00 1,618,000.00 -6,653,000.00 2,049,000.00 2,053,000.00 2,027,000.00 -5,716,000.00
Liabilities 15,420,000.00 15,368,000.00 15,081,000.00 15,571,000.00 15,721,000.00 15,999,000.00 15,908,000.00 16,276,000.00 16,313,000.00 16,732,000.00 17,316,000.00 17,270,000.00 17,253,000.00 17,372,000.00 17,818,000.00 17,100,000.00 17,068,000.00 17,069,000.00 16,480,000.00 16,654,000.00
   Current Liabilities 7,077,000.00 7,171,000.00 6,921,000.00 8,054,000.00 7,066,000.00 7,011,000.00 6,878,000.00 8,105,000.00 6,831,000.00 6,598,000.00 7,094,000.00 8,148,000.00 7,197,000.00 7,209,000.00 7,257,000.00 7,558,000.00 7,258,000.00 7,244,000.00 6,694,000.00 6,443,000.00
      Payables and Expenses 5,515,000.00 5,687,000.00 6,155,000.00 6,436,000.00 6,497,000.00 6,205,000.00 6,069,000.00 6,363,000.00 6,144,000.00 6,410,000.00 6,558,000.00 6,490,000.00 6,238,000.00 6,178,000.00 6,288,000.00 6,316,000.00 5,871,000.00 5,751,000.00 5,420,000.00 5,957,000.00
            Account Payables 3,642,000.00 3,668,000.00 4,016,000.00 4,117,000.00 4,048,000.00 4,021,000.00 3,938,000.00 4,047,000.00 3,885,000.00 4,108,000.00 4,182,000.00 4,201,000.00 4,048,000.00 4,089,000.00 4,234,000.00 4,220,000.00 3,899,000.00 3,714,000.00 3,537,000.00 3,695,000.00
            Current Accrued Liabilities 1,873,000.00 2,019,000.00 2,139,000.00 2,319,000.00 2,449,000.00 2,184,000.00 2,131,000.00 2,316,000.00 2,259,000.00 2,302,000.00 2,376,000.00 2,289,000.00 2,190,000.00 2,089,000.00 2,054,000.00 2,096,000.00 1,972,000.00 2,037,000.00 1,883,000.00 2,262,000.00
      Short-Term Debt 834,000.00 771,000.00 766,000.00 568,000.00 569,000.00 806,000.00 809,000.00 567,000.00 687,000.00 188,000.00 536,000.00 844,000.00 959,000.00 1,031,000.00 969,000.00 433,000.00 1,387,000.00 1,493,000.00 1,274,000.00 486,000.00
      Other Current Liabilities 728,000.00 713,000.00 0.00 1,050,000.00 0.00 0.00 0.00 1,175,000.00 0.00 0.00 0.00 814,000.00 0.00 0.00 0.00 809,000.00 0.00 0.00 0.00 0.00
   Non-Current Liabilities 8,343,000.00 8,197,000.00 8,160,000.00 7,517,000.00 8,655,000.00 8,988,000.00 9,030,000.00 8,171,000.00 9,482,000.00 10,134,000.00 10,222,000.00 9,122,000.00 10,056,000.00 10,163,000.00 10,561,000.00 9,542,000.00 9,810,000.00 9,825,000.00 9,786,000.00 10,211,000.00
      Long-Term Debt 6,470,000.00 6,470,000.00 6,481,000.00 6,875,000.00 6,882,000.00 7,158,000.00 7,161,000.00 7,417,000.00 7,403,000.00 7,947,000.00 7,945,000.00 7,578,000.00 7,628,000.00 7,698,000.00 8,101,000.00 8,141,000.00 7,555,000.00 7,591,000.00 7,548,000.00 7,878,000.00
      Other Non-Current Liabilities 1,873,000.00 1,727,000.00 1,679,000.00 642,000.00 1,773,000.00 1,830,000.00 1,869,000.00 754,000.00 2,079,000.00 2,187,000.00 2,277,000.00 1,544,000.00 2,428,000.00 2,465,000.00 2,460,000.00 1,401,000.00 2,255,000.00 2,234,000.00 2,238,000.00 2,333,000.00
Equity 1,468,000.00 1,403,000.00 1,224,000.00 975,000.00 1,444,000.00 1,281,000.00 1,184,000.00 1,068,000.00 840,000.00 651,000.00 861,000.00 700,000.00 583,000.00 742,000.00 854,000.00 737,000.00 707,000.00 758,000.00 746,000.00 869,000.00
   Shareholders Equity 1,332,000.00 1,271,000.00 1,101,000.00 1,284,000.00 1,285,000.00 1,136,000.00 1,044,000.00 1,389,000.00 680,000.00 500,000.00 719,000.00 870,000.00 437,000.00 593,000.00 705,000.00 874,000.00 474,000.00 524,000.00 518,000.00 626,000.00
      Capital Stock 473,000.00 473,000.00 473,000.00 473,000.00 473,000.00 473,000.00 473,000.00 473,000.00 473,000.00 473,000.00 473,000.00 473,000.00 473,000.00 473,000.00 473,000.00 473,000.00 473,000.00 473,000.00 473,000.00 473,000.00
      Share Premium 829,000.00 798,000.00 842,000.00 862,000.00 844,000.00 802,000.00 877,000.00 878,000.00 761,000.00 697,000.00 694,000.00 679,000.00 633,000.00 598,000.00 599,000.00 605,000.00 614,000.00 627,000.00 658,000.00 657,000.00
      Retained Earnings 9,520,000.00 9,494,000.00 9,406,000.00 9,257,000.00 9,279,000.00 8,734,000.00 8,601,000.00 8,368,000.00 8,217,000.00 8,040,000.00 8,365,000.00 8,201,000.00 8,086,000.00 8,022,000.00 7,988,000.00 7,858,000.00 7,883,000.00 7,798,000.00 7,764,000.00 7,567,000.00
      Treasury Shares 5,992,000.00 5,986,000.00 5,985,000.00 5,986,000.00 5,751,000.00 5,241,000.00 5,252,000.00 5,222,000.00 5,101,000.00 5,071,000.00 5,153,000.00 5,137,000.00 5,126,000.00 5,111,000.00 5,175,000.00 5,183,000.00 5,191,000.00 5,159,000.00 5,050,000.00 4,899,000.00
      Accumulated Other Comprehensive Income -3,498,000.00 -3,508,000.00 -3,618,000.00 -7,502,000.00 -7,215,000.00 -7,299,000.00 -3,747,000.00 -10,746,000.00 -7,427,000.00 -7,473,000.00 -3,901,000.00 -11,007,000.00 -7,163,000.00 -6,725,000.00 -3,169,000.00 -9,717,000.00 -6,582,000.00 -3,215,000.00 -3,327,000.00 -9,516,000.00
   Minority Interest 136,000.00 132,000.00 123,000.00 135,000.00 159,000.00 145,000.00 140,000.00 153,000.00 160,000.00 151,000.00 142,000.00 153,000.00 146,000.00 149,000.00 149,000.00 223,000.00 233,000.00 234,000.00 228,000.00 243,000.00
Investments 355,000.00 359,000.00 354,000.00 570,000.00 362,000.00 381,000.00 364,000.00 550,000.00 320,000.00 299,000.00 281,000.00 417,000.00 266,000.00 270,000.00 266,000.00 486,000.00 340,000.00 350,000.00 349,000.00 490,000.00
Debt 7,304,000.00 7,241,000.00 7,247,000.00 7,443,000.00 7,451,000.00 7,964,000.00 7,970,000.00 7,984,000.00 8,090,000.00 8,135,000.00 8,481,000.00 8,422,000.00 8,587,000.00 8,729,000.00 9,070,000.00 8,574,000.00 8,942,000.00 9,084,000.00 8,822,000.00 8,364,000.00
Net Debt 6,687,000.00 6,607,000.00 6,684,000.00 6,422,000.00 6,340,000.00 6,801,000.00 7,117,000.00 6,891,000.00 7,276,000.00 7,555,000.00 7,957,000.00 7,995,000.00 8,225,000.00 8,418,000.00 8,577,000.00 8,304,000.00 8,656,000.00 8,778,000.00 8,502,000.00 8,061,000.00
Common Shares Outstanding 331,900.00 331,900.00 331,900.00 331,800.00 333,500.00 337,000.00 336,800.00 337,000.00 338,000.00 338,200.00 337,400.00 337,500.00 337,500.00 337,600.00 337,000.00 336,800.00 336,700.00 336,900.00 337,600.00 338,700.00
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 12,367,000.00 8,217,000.00 4,840,000.00 -10,399,000.00 15,130,000.00 10,178,000.00 5,149,000.00 -10,554,000.00 15,461,000.00 10,329,000.00 5,195,000.00 -10,289,000.00 15,211,000.00 10,158,000.00 5,095,000.00 -9,243,000.00 14,475,000.00 9,465,000.00 4,743,000.00
Cost Of Revenue 7,909,000.00 5,252,000.00 3,107,000.00 -7,505,000.00 9,625,000.00 6,457,000.00 3,238,000.00 -8,111,000.00 10,166,000.00 6,872,000.00 3,469,000.00 -8,054,000.00 10,619,000.00 7,109,000.00 3,575,000.00 -6,717,000.00 9,923,000.00 6,396,000.00 3,154,000.00
Gross Profit 4,458,000.00 2,965,000.00 1,733,000.00 -2,894,000.00 5,505,000.00 3,721,000.00 1,911,000.00 -2,443,000.00 5,295,000.00 3,457,000.00 1,726,000.00 -2,235,000.00 4,592,000.00 3,049,000.00 1,520,000.00 -2,526,000.00 4,552,000.00 3,069,000.00 1,589,000.00
Operating Expenses -1,800,000.00 -1,197,000.00 -781,000.00 -3,295,000.00 637,000.00 597,000.00 186,000.00 -508,000.00 1,952,000.00 1,697,000.00 137,000.00 240,000.00 696,000.00 478,000.00 193,000.00 755,000.00 448,000.00 286,000.00 45,000.00
   Selling, General and Administrative Expenses 0 0 0 1,184,000.00 0 0 0 1,075,000.00 0 0 0 901,000.00 0 0 0 893,000.00 0 0 0
   Research and Development Expenses 0 0 0 338,000.00 0 0 0 312,000.00 0 0 0 292,000.00 0 0 0 269,000.00 0 0 0
   Other Operating Expenses -1,800,000.00 -1,197,000.00 -781,000.00 -4,817,000.00 637,000.00 597,000.00 186,000.00 -1,895,000.00 1,952,000.00 1,697,000.00 137,000.00 -953,000.00 696,000.00 478,000.00 193,000.00 -407,000.00 448,000.00 286,000.00 45,000.00
Operating Income 6,258,000.00 4,162,000.00 2,514,000.00 401,000.00 4,868,000.00 3,124,000.00 1,725,000.00 -1,935,000.00 3,343,000.00 1,760,000.00 1,589,000.00 -2,475,000.00 3,896,000.00 2,571,000.00 1,327,000.00 -3,281,000.00 4,104,000.00 2,783,000.00 1,544,000.00
Net Non-Operating Income -4,642,000.00 -3,092,000.00 0 -7,191,000.00 0 0 0 -2,736,000.00 0 0 0 -2,979,000.00 0 0 0 -2,925,000.00 0 0 0
Interest Income 214,000.00 143,000.00 71,000.00 -160,000.00 243,000.00 158,000.00 77,000.00 -143,000.00 257,000.00 165,000.00 80,000.00 -120,000.00 213,000.00 136,000.00 67,000.00 -129,000.00 196,000.00 131,000.00 64,000.00
Interest Expense 196,000.00 131,000.00 64,000.00 -142,000.00 206,000.00 139,000.00 67,000.00 -152,000.00 223,000.00 149,000.00 73,000.00 -122,000.00 206,000.00 133,000.00 65,000.00 -127,000.00 192,000.00 128,000.00 63,000.00
Net Interest 18,000.00 12,000.00 7,000.00 -18,000.00 37,000.00 19,000.00 10,000.00 9,000.00 34,000.00 16,000.00 7,000.00 2,000.00 7,000.00 3,000.00 2,000.00 -2,000.00 4,000.00 3,000.00 1,000.00
EBT 1,616,000.00 1,070,000.00 0 2,927,000.00 0 0 0 2,021,000.00 0 0 0 2,340,000.00 0 0 0 2,225,000.00 0 0 0
Income Tax 534,000.00 274,000.00 165,000.00 -463,000.00 596,000.00 355,000.00 195,000.00 -159,000.00 298,000.00 141,000.00 173,000.00 -204,000.00 356,000.00 229,000.00 114,000.00 -326,000.00 434,000.00 292,000.00 154,000.00
Equity Method Investments Income 137,000.00 91,000.00 44,000.00 -141,000.00 172,000.00 124,000.00 61,000.00 -83,000.00 143,000.00 93,000.00 43,000.00 -40,000.00 81,000.00 52,000.00 23,000.00 -96,000.00 88,000.00 67,000.00 39,000.00
Net Income Including Non-Controlling Interests 1,505,000.00 1,067,000.00 561,000.00 -1,396,000.00 2,070,000.00 1,171,000.00 636,000.00 -763,000.00 1,258,000.00 675,000.00 557,000.00 -994,000.00 1,408,000.00 944,000.00 511,000.00 -1,222,000.00 1,431,000.00 972,000.00 574,000.00
Net Income Non-Controlling Interests 17,000.00 9,000.00 6,000.00 5,000.00 28,000.00 20,000.00 11,000.00 38,000.00 -3,000.00 -7,000.00 9,000.00 18,000.00 19,000.00 16,000.00 12,000.00 7,000.00 26,000.00 16,000.00 10,000.00
Net Income 1,522,000.00 1,076,000.00 567,000.00 -1,391,000.00 2,098,000.00 1,191,000.00 647,000.00 -725,000.00 1,255,000.00 668,000.00 566,000.00 -976,000.00 1,427,000.00 960,000.00 523,000.00 -1,215,000.00 1,457,000.00 988,000.00 584,000.00
EBIT 1,812,000.00 1,201,000.00 0 3,197,000.00 0 0 0 2,314,000.00 0 0 0 2,622,000.00 0 0 0 2,481,000.00 0 0 0
Deprecation and Amortization 2,251,000.00 1,547,000.00 645,000.00 -341,000.00 564,000.00 373,000.00 185,000.00 -378,000.00 566,000.00 377,000.00 188,000.00 -382,000.00 568,000.00 380,000.00 188,000.00 -373,000.00 572,000.00 378,000.00 189,000.00
EBITDA 4,063,000.00 2,748,000.00 0 3,978,000.00 0 0 0 3,067,000.00 0 0 0 3,376,000.00 0 0 0 3,247,000.00 0 0 0
EPS 0.00 0.00 0.00 -0.00 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
Diluted EPS 0.00 0.00 0.00 0.00 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
Average Shares Outstanding Basic 331,900.00 332,100.00 331,800.00 331,800.00 336,600.00 337,100.00 336,900.00 337,600.00 338,100.00 338,000.00 337,500.00 337,600.00 337,600.00 337,400.00 337,000.00 335,800.00 337,400.00 337,800.00 338,200.00
Average Shares Outstanding Diluted 333,200.00 333,300.00 333,300.00 333,600.00 337,900.00 338,200.00 338,300.00 338,800.00 338,900.00 338,900.00 338,600.00 338,400.00 338,300.00 338,300.00 338,200.00 338,600.00 338,400.00 338,800.00 339,400.00
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 1,805,000.00 1,097,000.00 327,000.00 -1,080,000.00 2,417,000.00 1,459,000.00 438,000.00 -798,000.00 2,327,000.00 1,400,000.00 613,000.00 -157,000.00 1,742,000.00 944,000.00 204,000.00 -145,000.00 1,668,000.00 886,000.00 321,000.00
   Operating Net Income 3,061,000.00 2,161,000.00 1,140,000.00 -2,808,000.00 4,224,000.00 2,402,000.00 1,305,000.00 -3,213,000.00 2,507,000.00 1,329,000.00 1,141,000.00 -1,972,000.00 2,873,000.00 1,936,000.00 1,058,000.00 -2,452,000.00 2,940,000.00 1,992,000.00 1,178,000.00
   Deprecation and Amortization 2,251,000.00 1,547,000.00 645,000.00 -341,000.00 564,000.00 373,000.00 185,000.00 -378,000.00 566,000.00 377,000.00 188,000.00 -382,000.00 568,000.00 380,000.00 188,000.00 -373,000.00 572,000.00 378,000.00 189,000.00
   Deferred Income Tax 204,000.00 -30,000.00 7,000.00 138,000.00 -86,000.00 -79,000.00 -11,000.00 263,000.00 -297,000.00 -238,000.00 -50,000.00 161,000.00 -131,000.00 -35,000.00 -52,000.00 81,000.00 -42,000.00 -74,000.00 -35,000.00
   Share Based Compensation 115,000.00 73,000.00 32,000.00 -82,000.00 110,000.00 71,000.00 32,000.00 -57,000.00 131,000.00 71,000.00 24,000.00 -35,000.00 101,000.00 68,000.00 16,000.00 -68,000.00 30,000.00 42,000.00 22,000.00
   Change in Working Capital 679,000.00 471,000.00 476,000.00 -526,000.00 -154,000.00 135,000.00 367,000.00 -591,000.00 -111,000.00 35,000.00 85,000.00 -866,000.00 166,000.00 348,000.00 369,000.00 -1,373,000.00 432,000.00 495,000.00 400,000.00
   Other Operating Activities -4,505,000.00 -3,125,000.00 -1,973,000.00 2,539,000.00 -2,241,000.00 -1,443,000.00 -1,440,000.00 3,178,000.00 -469,000.00 -174,000.00 -775,000.00 2,937,000.00 -1,835,000.00 -1,753,000.00 -1,375,000.00 4,040,000.00 -2,264,000.00 -1,947,000.00 -1,433,000.00
Investing Cash Flow -650,000.00 -312,000.00 -119,000.00 363,000.00 94,000.00 -376,000.00 -181,000.00 38,000.00 -266,000.00 -75,000.00 -115,000.00 125,000.00 -517,000.00 -277,000.00 -116,000.00 412,000.00 -736,000.00 -487,000.00 -245,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 753,000.00 413,000.00 612,000.00 372,000.00 1,161,000.00 366,000.00 194,000.00 201,000.00 768,000.00 607,000.00 201,000.00 354,000.00 686,000.00 471,000.00 253,000.00 465,000.00 765,000.00 529,000.00 298,000.00
   Net Purchase/Sale of Investments Net -38,000.00 -22,000.00 2,000.00 -68,000.00 15,000.00 31,000.00 9,000.00 14,000.00 -4,000.00 -14,000.00 -4,000.00 -14,000.00 20,000.00 7,000.00 1,000.00 16,000.00 -1,000.00 0 -5,000.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0 -80,000.00 46,000.00 46,000.00 34,000.00 0 1,100,000.00 1,100,000.00 0
   Other Investing Activities -1,365,000.00 -703,000.00 -733,000.00 59,000.00 -1,082,000.00 -773,000.00 -384,000.00 -177,000.00 -1,030,000.00 -668,000.00 -312,000.00 -135,000.00 -1,269,000.00 -801,000.00 -404,000.00 2,131,000.00 -2,600,000.00 -2,116,000.00 -538,000.00
Financing Cash Flow -1,571,000.00 -1,183,000.00 -683,000.00 797,000.00 -2,480,000.00 -998,000.00 -485,000.00 795,000.00 -1,620,000.00 -1,152,000.00 -397,000.00 -164,000.00 -1,109,000.00 -620,000.00 133,000.00 -309,000.00 -941,000.00 -394,000.00 -52,000.00
   Net Issuance/Repayment of Debt 964,000.00 301,000.00 295,000.00 -12,000.00 556,000.00 7,000.00 4,000.00 -344,000.00 371,000.00 400,000.00 40,000.00 -2,213,000.00 799,000.00 853,000.00 1,134,000.00 -2,571,000.00 1,128,000.00 1,218,000.00 1,002,000.00
   Net Issuance/Repurchase of Equity 180,000.00 156,000.00 91,000.00 2,000.00 880,000.00 197,000.00 57,000.00 -70,000.00 192,000.00 159,000.00 41,000.00 -136,000.00 158,000.00 124,000.00 48,000.00 -517,000.00 445,000.00 358,000.00 179,000.00
   Dividends Paid 1,260,000.00 842,000.00 423,000.00 -821,000.00 1,239,000.00 828,000.00 417,000.00 -795,000.00 1,205,000.00 806,000.00 407,000.00 -834,000.00 1,249,000.00 857,000.00 384,000.00 -724,000.00 1,133,000.00 748,000.00 359,000.00
   Other Financing Activities -3,975,000.00 -2,482,000.00 -1,492,000.00 1,628,000.00 -5,155,000.00 -2,030,000.00 -963,000.00 2,004,000.00 -3,388,000.00 -2,517,000.00 -885,000.00 3,019,000.00 -3,315,000.00 -2,454,000.00 -1,433,000.00 3,503,000.00 -3,647,000.00 -2,718,000.00 -1,592,000.00
Net Change in Cash -387,000.00 -364,000.00 -458,000.00 80,000.00 18,000.00 70,000.00 -240,000.00 29,000.00 387,000.00 153,000.00 97,000.00 -199,000.00 92,000.00 41,000.00 223,000.00 -36,000.00 -17,000.00 3,000.00 17,000.00
   Cash at Beginning of Period 1,021,000.00 1,021,000.00 1,021,000.00 941,000.00 1,093,000.00 1,093,000.00 1,093,000.00 1,064,000.00 427,000.00 427,000.00 427,000.00 626,000.00 270,000.00 270,000.00 270,000.00 0.00 303,000.00 303,000.00 303,000.00
   Cash at End of Period 634,000.00 657,000.00 563,000.00 1,021,000.00 1,111,000.00 1,163,000.00 853,000.00 1,093,000.00 814,000.00 580,000.00 524,000.00 427,000.00 362,000.00 311,000.00 493,000.00 0 286,000.00 306,000.00 320,000.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0