Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Price to Earnings -14.14 -213.33 -39.93 -88.46
Price to Sales
Book Value Per Common Share 2.91 2.38 -0.22 -0.26
Price to Book 1.02 2.69 -88.14 -111.79
Price to Operating Cash Flow -45.83 -25.96 -52.06 -96.87
Price to Free Cash Flow -3.13 -4.49 -46.98 -92.71
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Price to Earnings -6.88 -44.67 -54.20 -67.50
Price to Sales
Book Value Per Common Share 1.96 2.76 2.86 2.91 3.02
Price to Book 2.91 0.97 0.95 1.02 0.89
Price to Operating Cash Flow 588.66 -19.27 -31.44 -67.81 6750.00
Price to Free Cash Flow -8.02 -2.21 -4.33 -8.65 -17.01
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Earning YoY
Revenue YoY
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Earning YoY
Revenue YoY
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cash Per Common Share 2.96 1.22 0.00 0.01
Quick Ratio 10.20 8.13 0.01 0.23
Current Ratio 10.33 8.37 0.04 0.40
Debt to Equity 0.11 0.14 -1.81 -1.26
Long-Term Debt to Equity 0.04 0.07 -0.23 -1.15
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Cash Per Common Share 1.61 2.32 2.04 2.72 1.56
Quick Ratio 3.76 9.83 10.30 10.20 13.65
Current Ratio 3.77 9.88 10.35 10.33 13.88
Debt to Equity 0.62 0.29 0.09 0.11 0.05
Long-Term Debt to Equity 0.50 0.24 0.04 0.04 0.01

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
ROA -4.07 -1.16 -243.54 -433.34
ROE -4.50 -1.32 196.99 112.81
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
ROA -13.62 -0.93 -1.05 -2.12 -1.23
ROE -22.06 -1.20 -1.14 -2.35 -1.30
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Dividend Yield
Dividend Payout Ratio
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets 1,044,944.00 436,891.00 27,838.00 10,852.00
   Current Assets 602,175.00 205,883.00 1,937.00 1,811.00
      Cash and Short-Term Investments 593,885.00 195,516.00 636.00 933.00
            Cash and Cash Equivalents 593,885.00 195,516.00 636.00 933.00
            Short-Term Investments 0 0 0 0
      Net Receivables 557.00 4,494.00 3.00 124.00
      Inventory 0 0 0 0
      Other Current Assets 7,733.00 5,873.00 1,298.00 754.00
   Non-Current Assets 442,769.00 231,008.00 25,901.00 9,041.00
      Property, Plant, Equipment Net 426,800.00 217,102.00 13,450.00 9,041.00
      Goodwill 0 0 0 0
      Intangible Assets 0 0 0 0
      Long-Term Investments 4,152.00 11,162.00 12,451.00 0
      Non-Current Deferred Assets 11,529.00 0 0 0
      Other Non-Current Assets 288.00 2,744.00 0 0
Liabilities 99,604.00 51,962.00 62,255.00 52,538.00
   Current Liabilities 58,280.00 24,587.00 54,209.00 4,517.00
      Payables and Expenses 44,321.00 16,476.00 9,913.00 4,214.00
            Account Payables 700.00 4,595.00 9,913.00 4,214.00
            Current Accrued Liabilities 43,621.00 11,881.00 0 0
      Short-Term Debt 5,816.00 878.00 43,572.00 0
      Other Current Liabilities 8,143.00 7,233.00 724.00 0
   Non-Current Liabilities 41,324.00 27,375.00 8,046.00 48,021.00
      Long-Term Debt 16,821.00 3,016.00 1,618.00 41,755.00
      Other Non-Current Liabilities 24,503.00 24,359.00 6,428.00 6,266.00
Equity 945,340.00 384,929.00 -34,417.00 -41,686.00
   Shareholders Equity 635,004.00 384,929.00 -34,417.00 -41,686.00
      Capital Stock 655,068.00 383,063.00 0 0
      Share Premium 35,618.00 15,020.00 226,009.00 150,942.00
      Retained Earnings -55,682.00 -13,154.00 -260,426.00 -192,628.00
      Treasury Shares 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0
   Minority Interest 310,336.00 0 0 0
Debt 22,637.00 3,894.00 45,190.00 41,755.00
Net Debt 0 0 42,936.00 39,067.00
Common Shares Outstanding 218,465.00 161,778.27 160,047.67 160,047.67
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Cost Of Revenue 46.00 158.00 170.00 134.00
Interest Income 14,738.00 2,945.00 0 0
Interest Expense 0 377.00 3,591.00 2,359.00
Non-Interest Expense 28,050.00 24,446.00 13,412.00 8,248.00
Gross Profit -46.00 -158.00 -170.00 -134.00
Operating Expenses 28,252.00 28,592.00 60,687.00 44,361.00
   Selling, General and Administrative Expenses 28,050.00 24,446.00 13,412.00 8,248.00
   Other Operating Expenses 202.00 4,146.00 47,275.00 36,113.00
Operating Income -28,298.00 -28,750.00 -60,857.00 -44,495.00
Net Non-Operating Income -197.00 78.00 15.00 -2.00
EBT -42,633.00 -5,088.00 -67,798.00 -47,148.00
Income Tax 0 0 0 0
Net Income Including Non-Controlling Interests -42,633.00 -5,088.00 -67,798.00 -47,026.00
Net Income Non-Controlling Interests 105.00 0 0 0
Net Income -42,528.00 -5,088.00 -67,798.00 -47,026.00
EBIT -42,633.00 -4,711.00 -64,207.00 -44,789.00
Deprecation and Amortization 992.00 827.00 1,520.00 658.00
EBITDA -41,641.00 -3,884.00 -62,687.00 -44,131.00
EPS -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 -0.00
Average Shares Outstanding Basic 200,817.00 160,363.00 142,851.00 142,851.00
Average Shares Outstanding Diluted 200,817.00 160,363.00 142,851.00 142,851.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow -13,013.00 -39,526.00 -51,995.00 -42,937.00
   Operating Net Income -42,633.00 -5,088.00 -67,798.00 -47,026.00
   Deprecation and Amortization 992.00 827.00 1,520.00 658.00
   Deferred Income Tax 0 0 0 0
   Share Based Compensation 5,166.00 5,581.00 2,355.00 1,797.00
   Change in Working Capital 17,637.00 -8,332.00 8,848.00 2,026.00
   Other Operating Activities 5,825.00 -32,514.00 3,080.00 -392.00
Investing Cash Flow -177,693.00 -188,944.00 -20,640.00 2,250.00
   Capital Expenditure 0 0 0 0
   Net Purchase/Sale of PPE -177,693.00 -188,944.00 -5,625.00 -1,934.00
   Net Purchase/Sale of Investments Net 0 0 -15,015.00 0
   Net Purchase/Sale of Business 0 0 0 0
   Other Investing Activities 0 0.00 0.00 4,184.00
Financing Cash Flow 589,075.00 423,638.00 72,338.00 41,108.00
   Net Issuance/Repayment of Debt -836.00 -34.00 -374.00 23,249.00
   Net Issuance/Repurchase of Equity 262,146.00 320,148.00 72,712.00 20,115.00
   Dividends Paid 0 0 0 0
   Other Financing Activities 0 103,524.00 0.00 -2,256.00
Net Change in Cash 398,369.00 195,168.00 -297.00 421.00
   Cash at Beginning of Period 195,804.00 636.00 933.00 512.00
   Cash at End of Period 594,173.00 195,804.00 636.00 933.00
Free Cash Flow -190,706.00 -228,470.00 -57,620.00 -44,871.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Assets 1,451,526.00 1,339,087.00 1,018,498.00 1,044,944.00 692,967.00
   Current Assets 388,627.00 511,715.00 449,320.00 602,175.00 349,021.00
      Cash and Short-Term Investments 385,307.00 508,852.00 446,620.00 593,885.00 341,163.00
            Cash and Cash Equivalents 385,307.00 508,852.00 446,620.00 593,885.00 341,163.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 2,029.00 577.00 620.00 557.00 2,147.00
      Inventory 0 0 0 0 0
      Other Current Assets 1,291.00 2,286.00 2,080.00 7,733.00 5,711.00
   Non-Current Assets 1,062,899.00 827,372.00 569,178.00 442,769.00 343,946.00
      Property, Plant, Equipment Net 1,043,225.00 813,067.00 543,452.00 426,800.00 338,384.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 5,362.00 1,951.00 2,196.00 4,152.00 5,274.00
      Non-Current Deferred Assets 14,024.00 12,066.00 11,529.00 11,529.00 0
      Other Non-Current Assets 288.00 288.00 12,001.00 288.00 0
Liabilities 555,305.00 303,252.00 83,486.00 99,604.00 34,287.00
   Current Liabilities 103,116.00 51,802.00 43,418.00 58,280.00 25,154.00
      Payables and Expenses 96,254.00 44,693.00 32,918.00 44,321.00 23,703.00
            Account Payables 47,003.00 5,952.00 3,050.00 700.00 0
            Current Accrued Liabilities 49,251.00 38,741.00 29,868.00 43,621.00 0
      Short-Term Debt 5,603.00 5,685.00 5,739.00 5,816.00 1,241.00
      Other Current Liabilities 1,259.00 1,424.00 4,761.00 8,143.00 210.00
   Non-Current Liabilities 452,189.00 251,450.00 40,068.00 41,324.00 9,133.00
      Long-Term Debt 399,717.00 200,998.00 15,455.00 16,821.00 3,066.00
      Other Non-Current Liabilities 52,472.00 50,452.00 24,613.00 24,503.00 6,067.00
Equity 896,221.00 1,035,835.00 935,012.00 945,340.00 658,680.00
   Shareholders Equity 475,634.00 616,321.00 625,500.00 635,004.00 658,680.00
      Capital Stock 729,200.00 670,636.00 657,324.00 655,068.00 927,650.00
      Share Premium 22,949.00 24,516.00 34,560.00 35,618.00 15,738.00
      Retained Earnings -276,515.00 -78,831.00 -66,384.00 -55,682.00 -284,708.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 0 0 0 0
   Minority Interest 420,587.00 419,514.00 309,512.00 310,336.00 0
Debt 405,320.00 206,683.00 21,194.00 22,637.00 4,307.00
Net Debt 1,678.00 0 0 0 0
Common Shares Outstanding 242,514.00 223,327.00 218,686.46 218,465.00 218,294.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Cost Of Revenue 0 10.00 12.00 -119.00 78.00 23.00
Interest Income 0 0 0 3,508.00 4,955.00 4,181.00
Interest Expense 0 0 0 -17.00 10.00 0
Non-Interest Expense 9,704.00 7,838.00 6,505.00 10,845.00 5,962.00 0
Gross Profit 0 -10.00 -12.00 119.00 -78.00 -23.00
Operating Expenses 9,704.00 7,838.00 6,524.00 11,047.00 6,154.00 0
   Selling, General and Administrative Expenses 9,704.00 7,838.00 6,505.00 10,845.00 5,962.00 0
   Other Operating Expenses 0 0 19.00 0 192.00 10.00
Operating Income -9,704.00 -7,848.00 -6,536.00 -10,928.00 -6,154.00 0
Net Non-Operating Income 1,618.00 0 1,268.00 0 4,955.00 0
EBT -199,161.00 -13,249.00 -11,526.00 -22,285.00 -8,536.00 0
Income Tax 0 0 0 0 0 0
Net Income Including Non-Controlling Interests -199,161.00 -13,249.00 -11,526.00 -22,285.00 -8,536.00 0
Net Income Non-Controlling Interests 1,477.00 802.00 824.00 0 0 0
Net Income -197,684.00 -12,447.00 -10,702.00 -22,180.00 -8,536.00 0
EBIT -199,161.00 -13,249.00 -11,526.00 -22,302.00 -8,526.00 0
Deprecation and Amortization 268.00 269.00 265.00 827.00 260.00 0
EBITDA -198,893.00 -12,980.00 -11,261.00 -21,475.00 -8,266.00 0
EPS -0.00 -0.00 -0.00 0 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 0 -0.00 -0.00
Average Shares Outstanding Basic 238,701.00 219,581.00 218,603.00 0 218,039.00 204,465.00
Average Shares Outstanding Diluted 238,701.00 219,581.00 218,603.00 0 218,039.00 204,465.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Operating Cash Flow 2,313.00 -30,543.00 -18,841.00 -9,573.00 84.00
   Operating Net Income -199,161.00 -13,249.00 -11,526.00 -22,285.00 -8,536.00
   Deprecation and Amortization 268.00 269.00 265.00 827.00 260.00
   Deferred Income Tax 0 0 0 0 0
   Share Based Compensation 1,657.00 1,619.00 1,033.00 1,282.00 1,442.00
   Change in Working Capital 9,368.00 -12,414.00 -10,504.00 10,528.00 5,875.00
   Other Operating Activities 190,181.00 -6,768.00 1,891.00 75.00 1,043.00
Investing Cash Flow -172,166.00 -235,570.00 -117,933.00 -65,394.00 -34,694.00
   Capital Expenditure 0 0 0 0 0
   Net Purchase/Sale of PPE -172,166.00 -235,570.00 -117,933.00 -65,394.00 -34,694.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities 0.00 0.00 0.00 0.00 0.00
Financing Cash Flow 46,308.00 328,345.00 -10,491.00 327,689.00 -57.00
   Net Issuance/Repayment of Debt -1,196.00 -1,194.00 -1,197.00 -76.00 -12.00
   Net Issuance/Repurchase of Equity 57,235.00 0 0 -12,854.00 -45.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities -9,731.00 0 0 340,619.00 0.00
Net Change in Cash -123,545.00 62,232.00 -147,265.00 252,722.00 -34,667.00
   Cash at Beginning of Period 509,140.00 446,908.00 594,173.00 341,163.00 376,118.00
   Cash at End of Period 385,595.00 509,140.00 446,908.00 594,173.00 341,451.00
Free Cash Flow -169,853.00 -266,113.00 -136,774.00 -74,967.00 -34,610.00