Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 17.85 14.67 7.01 5.50 21.62
Price to Sales 0.60 0.75 0.54 0.66 1.10
Book Value Per Common Share 29.02 30.75 38.73 35.98 23.86
Price to Book 2.56 3.09 2.14 2.56 3.84
Price to Operating Cash Flow 6.30 6.24 4.42 3.95 8.99
Price to Free Cash Flow
Enterprise Value to EBITDA 28655.13 29529.66 19942.44 15916.62 36418.92
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 -25.95 65.75 130.37 15.93 22.46 70.54 16.00 25.30 64.75 7.00 9.72 25.64 6.44 11.03 32.62
Price to Sales 0.68 1.21 2.96 1.01 1.52 3.35 0.99 1.45 2.98 0.61 1.02 2.56 0.94 1.67 3.83
Book Value Per Common Share 32.93 37.03 28.84 29.02 33.77 32.00 30.47 30.75 40.71 39.85 39.09 38.73 37.44 37.37 38.76 35.98 35.37 31.46 26.32 23.86
Price to Book 1.49 1.56 2.44 2.56 2.84 2.99 3.36 3.09 2.33 2.30 2.40 2.14 2.01 2.34 2.65 2.56 2.65 3.27 3.95 3.84
Price to Operating Cash Flow 20.90 -81.62 -39.27 16.36 25.20 -291.89 8.93 16.82 63.40 5.43 9.23 22.43 6.78 13.91 60.92
Price to Free Cash Flow
Enterprise Value to EBITDA 797160.26 123003.75 403126.26 46989.16 66977.90 195760.75 47921.41 71551.57 165812.79 25479.78 36253.41 94131.04 24786.12 43405.48 143510.08

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY -35.80 -45.27 -29.40 295.52
Revenue YoY -1.96 -18.52 9.27 66.37
EBITDA YoY -19.65 -22.96 -28.98 127.14
Net Profit YoY
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 62.96 41.31 193.79 63.09 150.34 19.56 124.44 56.27 192.48
Revenue YoY 50.39 99.75 50.39 106.38 51.70 100.58 43.76 112.78 61.52 127.30
EBITDA YoY -86.91 168.26 42.75 173.12 53.90 125.99 21.86 120.59 59.35 227.06
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 18.52 17.99 6.62 4.51 7.39
Quick Ratio 1.11 0.93 0.57 0.56 0.67
Current Ratio 1.86 1.67 1.63 1.64 1.87
Debt to Equity 0.27 0.33 0.36 0.51 1.15
Long-Term Debt to Equity 0.05 0.07 0.10 0.21 0.79
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 7.78 7.85 9.39 18.52 13.38 14.58 11.70 17.99 14.71 12.71 8.82 6.62 4.56 3.26 5.48 4.51 5.80 4.54 5.52 7.39
Quick Ratio 0.81 0.92 1.09 1.11 1.38 1.43 2.00 0.93 1.78 1.11 1.01 0.57 0.74 0.81 0.91 0.56 0.94 0.94 0.82 0.67
Current Ratio 1.57 1.77 1.83 1.86 2.13 2.10 2.12 1.67 1.89 1.81 1.85 1.63 1.61 1.68 1.76 1.64 1.89 1.96 1.74 1.87
Debt to Equity 0.11 0.03 -0.04 0.27 -0.09 -0.08 -0.06 0.33 -0.07 -0.06 -0.05 0.36 0.00 0.01 -0.01 0.51 0.09 0.18 0.35 1.15
Long-Term Debt to Equity -0.12 -0.15 -0.21 0.05 -0.24 -0.23 -0.22 0.07 -0.25 -0.24 -0.22 0.10 -0.21 -0.20 -0.20 0.21 -0.12 -0.03 0.09 0.79

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA
ROE
Gross Margin -109.11 -16.59 -16.33 -9.66 4.41
Operating Margin 9.50 14.22 19.35 32.31 15.32
EBITDA Margin 20.83 25.42 26.88 41.36 30.29
Net Profit Margin
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
ROE
Gross Margin -80.61 -82.59 -85.67 12.03 12.20 11.32 13.61 13.63 13.31 14.43 16.52 15.44 20.69 20.80 15.47
Operating Margin -3.50 5.60 3.14 17.84 19.00 13.45 16.86 16.44 14.12 21.59 26.00 24.84 34.84 35.18 23.00
EBITDA Margin 0.86 9.87 7.35 21.52 22.67 17.13 20.56 20.26 17.99 23.91 28.20 27.20 37.89 38.41 26.69
Net Profit Margin

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 47,493,000.00 51,432,000.00 51,593,000.00 53,751,000.00 51,412,000.00
   Current Assets 15,496,000.00 16,774,000.00 15,888,000.00 17,705,000.00 16,030,000.00
      Cash and Short-Term Investments 5,998,000.00 5,837,000.00 2,156,000.00 1,486,000.00 2,467,000.00
            Cash and Cash Equivalents 3,388,000.00 3,405,000.00 2,156,000.00 1,477,000.00 1,765,000.00
            Short-Term Investments 2,610,000.00 2,432,000.00 0 9,000.00 702,000.00
      Net Receivables 3,292,000.00 3,507,000.00 3,392,000.00 4,565,000.00 3,291,000.00
      Inventory 4,658,000.00 4,765,000.00 4,804,000.00 4,901,000.00 4,344,000.00
      Other Current Assets 1,548,000.00 2,665,000.00 5,536,000.00 6,753,000.00 5,928,000.00
   Non-Current Assets 31,997,000.00 34,658,000.00 35,705,000.00 36,046,000.00 35,382,000.00
      Property, Plant, Equipment Net 16,533,000.00 17,076,000.00 17,112,000.00 16,502,000.00 15,878,000.00
      Goodwill 1,561,000.00 1,647,000.00 1,827,000.00 1,875,000.00 1,953,000.00
      Intangible Assets 577,000.00 641,000.00 662,000.00 695,000.00 751,000.00
      Long-Term Investments 4,121,000.00 3,907,000.00 4,295,000.00 4,786,000.00 4,729,000.00
      Non-Current Deferred Assets 259,000.00 196,000.00 157,000.00 174,000.00 39,000.00
      Other Non-Current Assets 8,946,000.00 11,191,000.00 11,652,000.00 12,014,000.00 12,032,000.00
Liabilities 10,083,000.00 12,614,000.00 13,720,000.00 18,149,000.00 27,465,000.00
   Current Liabilities 8,342,000.00 10,053,000.00 9,755,000.00 10,819,000.00 8,583,000.00
      Payables and Expenses 2,483,000.00 2,559,000.00 5,502,000.00 6,031,000.00 4,281,000.00
            Account Payables 127,000.00 123,000.00 3,106,000.00 3,460,000.00 2,398,000.00
            Current Accrued Liabilities 2,356,000.00 2,436,000.00 2,396,000.00 2,571,000.00 1,883,000.00
      Short-Term Debt 855,000.00 1,133,000.00 1,261,000.00 885,000.00 1,474,000.00
      Other Current Liabilities 5,004,000.00 6,361,000.00 2,992,000.00 3,903,000.00 2,828,000.00
   Non-Current Liabilities 1,741,000.00 2,561,000.00 3,965,000.00 7,330,000.00 18,882,000.00
      Long-Term Debt 11,951,000.00 11,742,000.00 12,050,000.00 12,895,000.00 16,508,000.00
      Other Non-Current Liabilities -10,210,000.00 -9,181,000.00 -8,085,000.00 -5,565,000.00 2,374,000.00
Equity 37,410,000.00 38,818,000.00 37,873,000.00 35,602,000.00 23,947,000.00
   Shareholders Equity 9,398,000.00 9,978,000.00 12,615,000.00 11,858,000.00 7,971,000.00
      Capital Stock 19,000.00 19,000.00 19,000.00 19,000.00 19,000.00
      Share Premium 6,150,000.00 6,145,000.00 6,119,000.00 6,044,000.00 5,986,000.00
      Retained Earnings 9,325,000.00 9,692,000.00 9,195,000.00 8,563,000.00 4,440,000.00
      Treasury Shares 1,500,000.00 1,450,000.00 1,346,000.00 965,000.00 531,000.00
      Accumulated Other Comprehensive Income -1,532,000.00 -1,476,000.00 -2,744,000.00 -3,606,000.00 -3,886,000.00
   Minority Interest 12,000.00 14,000.00 14,000.00 14,000.00 17,000.00
Investments 4,121,000.00 3,907,000.00 4,295,000.00 9,581,000.00 10,160,000.00
Debt 12,806,000.00 12,875,000.00 13,311,000.00 13,780,000.00 17,982,000.00
Net Debt 6,808,000.00 7,038,000.00 11,155,000.00 12,294,000.00 15,515,000.00
Common Shares Outstanding 323,889.83 324,483.40 325,723.57 329,536.39 334,015.22
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 40,302,000.00 41,107,000.00 50,451,000.00 46,173,000.00 27,753,000.00
Cost Of Revenue 84,274,000.00 47,926,000.00 58,688,000.00 50,632,000.00 26,528,000.00
Gross Profit -43,972,000.00 -6,819,000.00 -8,237,000.00 -4,459,000.00 1,225,000.00
Operating Expenses -45,619,000.00 -9,854,000.00 -13,354,000.00 -12,922,000.00 -1,303,000.00
   Selling, General and Administrative Expenses 1,663,000.00 1,557,000.00 1,310,000.00 1,255,000.00 1,140,000.00
   Research and Development Expenses 135,000.00 130,000.00 124,000.00 124,000.00 113,000.00
   Other Operating Expenses -47,417,000.00 -11,541,000.00 -14,788,000.00 -14,301,000.00 -2,556,000.00
Operating Income 1,647,000.00 3,035,000.00 5,117,000.00 8,463,000.00 2,528,000.00
Net Non-Operating Income 1,584,000.00 2,167,000.00 4,402,000.00 6,097,000.00 1,128,000.00
Interest Income 774,000.00 796,000.00 278,000.00 366,000.00 609,000.00
Interest Expense 598,000.00 644,000.00 242,000.00 357,000.00 596,000.00
Net Interest 176,000.00 152,000.00 36,000.00 9,000.00 13,000.00
EBT 3,231,000.00 5,202,000.00 9,519,000.00 14,560,000.00 3,656,000.00
Income Tax 434,000.00 439,000.00 883,000.00 1,554,000.00 250,000.00
Equity Method Investments Income -434,000.00 -20,000.00 5,000.00 461,000.00 256,000.00
Net Income Including Non-Controlling Interests 5,468,000.00 8,484,000.00 15,527,000.00 23,747,000.00 6,432,000.00
Net Income 0 0 0 0 0
EBIT 3,829,000.00 5,846,000.00 9,761,000.00 14,917,000.00 4,252,000.00
Deprecation and Amortization 4,566,000.00 4,602,000.00 3,801,000.00 4,179,000.00 4,155,000.00
EBITDA 8,395,000.00 10,448,000.00 13,562,000.00 19,096,000.00 8,407,000.00
EPS 0.00 0.01 0.01 0.02 0.00
Diluted EPS 0.00 0.01 0.01 0.02 0.00
Average Shares Outstanding Basic 0 0 0 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 3,819,000.00 4,942,000.00 6,119,000.00 7,695,000.00 3,404,000.00
   Operating Net Income 5,468,000.00 8,484,000.00 15,527,000.00 23,747,000.00 6,432,000.00
   Deprecation and Amortization 4,566,000.00 4,602,000.00 3,801,000.00 4,179,000.00 4,155,000.00
   Deferred Income Tax -437,000.00 43,000.00 369,000.00 -198,000.00 331,000.00
   Share Based Compensation 91,000.00 91,000.00 70,000.00 66,000.00 55,000.00
   Change in Working Capital -274,000.00 13,000.00 -1,378,000.00 3,562,000.00 123,000.00
   Other Operating Activities -5,595,000.00 -8,291,000.00 -12,270,000.00 -23,661,000.00 -7,692,000.00
Investing Cash Flow -1,853,000.00 -1,777,000.00 -1,977,000.00 -1,502,000.00 -4,906,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 1,839,000.00 1,531,000.00 1,890,000.00 1,959,000.00 1,947,000.00
   Net Purchase/Sale of Investments Net 198,000.00 329,000.00 220,000.00 1,137,000.00 197,000.00
   Net Purchase/Sale of Business 2,013,000.00 102,000.00 4,000.00 106,000.00 2,455,000.00
   Other Investing Activities -5,903,000.00 -3,739,000.00 -4,091,000.00 -4,704,000.00 -9,505,000.00
Financing Cash Flow -1,895,000.00 -1,950,000.00 -3,407,000.00 -6,385,000.00 2,271,000.00
   Net Issuance/Repayment of Debt 1,520,000.00 725,000.00 -4,000.00 5,079,000.00 10,524,000.00
   Net Issuance/Repurchase of Equity 195,000.00 211,000.00 420,000.00 463,000.00 4,000.00
   Dividends Paid 1,720,000.00 1,610,000.00 3,246,000.00 1,486,000.00 1,405,000.00
   Other Financing Activities -5,330,000.00 -4,496,000.00 -7,069,000.00 -13,413,000.00 -9,662,000.00
Net Change in Cash -17,000.00 1,249,000.00 679,000.00 -288,000.00 877,000.00
   Cash at Beginning of Period 3,405,000.00 2,156,000.00 1,477,000.00 1,765,000.00 888,000.00
   Cash at End of Period 3,388,000.00 3,405,000.00 2,156,000.00 1,477,000.00 1,765,000.00
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 33,787,000.00 35,352,000.00 35,189,000.00 47,493,000.00 37,263,000.00 37,064,000.00 36,624,000.00 51,432,000.00 36,875,000.00 36,683,000.00 36,255,000.00 51,593,000.00 36,491,000.00 37,024,000.00 37,854,000.00 53,751,000.00 38,662,000.00 37,259,000.00 35,746,000.00 51,412,000.00
   Current Assets 10,757,000.00 11,076,000.00 11,401,000.00 15,496,000.00 12,742,000.00 12,911,000.00 12,875,000.00 16,774,000.00 13,228,000.00 12,693,000.00 12,024,000.00 15,888,000.00 12,328,000.00 12,845,000.00 13,291,000.00 17,705,000.00 13,986,000.00 12,897,000.00 11,964,000.00 16,030,000.00
      Cash and Short-Term Investments 2,504,000.00 2,524,000.00 3,031,000.00 5,998,000.00 4,345,000.00 4,740,000.00 3,806,000.00 5,837,000.00 4,772,000.00 4,124,000.00 2,869,000.00 2,156,000.00 1,486,000.00 1,066,000.00 1,794,000.00 1,486,000.00 1,934,000.00 1,519,000.00 1,846,000.00 2,467,000.00
            Cash and Cash Equivalents 1,801,000.00 1,704,000.00 1,870,000.00 3,388,000.00 2,635,000.00 2,864,000.00 2,331,000.00 3,405,000.00 2,844,000.00 2,494,000.00 1,804,000.00 2,156,000.00 1,486,000.00 1,066,000.00 1,794,000.00 1,477,000.00 1,898,000.00 1,383,000.00 1,463,000.00 1,765,000.00
            Short-Term Investments 703,000.00 820,000.00 1,161,000.00 2,610,000.00 1,710,000.00 1,876,000.00 1,475,000.00 2,432,000.00 1,928,000.00 1,630,000.00 1,065,000.00 0 0 0 0 9,000.00 36,000.00 136,000.00 383,000.00 702,000.00
      Net Receivables 3,022,000.00 3,205,000.00 3,792,000.00 3,292,000.00 3,946,000.00 4,062,000.00 8,382,000.00 3,507,000.00 7,682,000.00 3,638,000.00 3,715,000.00 3,392,000.00 4,149,000.00 5,148,000.00 5,092,000.00 4,565,000.00 5,003,000.00 4,707,000.00 3,796,000.00 3,291,000.00
      Inventory 4,409,000.00 4,568,000.00 4,930,000.00 4,658,000.00 5,261,000.00 5,073,000.00 4,853,000.00 4,765,000.00 4,911,000.00 5,195,000.00 5,158,000.00 4,804,000.00 5,153,000.00 5,097,000.00 4,979,000.00 4,901,000.00 4,982,000.00 4,840,000.00 4,632,000.00 4,344,000.00
      Other Current Assets 822,000.00 779,000.00 -352,000.00 1,548,000.00 -810,000.00 -964,000.00 -4,166,000.00 2,665,000.00 -4,137,000.00 -264,000.00 282,000.00 5,536,000.00 1,540,000.00 1,534,000.00 1,426,000.00 6,753,000.00 2,067,000.00 1,831,000.00 1,690,000.00 5,928,000.00
   Non-Current Assets 23,030,000.00 24,276,000.00 23,788,000.00 31,997,000.00 24,521,000.00 24,153,000.00 23,749,000.00 34,658,000.00 23,647,000.00 23,990,000.00 24,231,000.00 35,705,000.00 24,163,000.00 24,179,000.00 24,563,000.00 36,046,000.00 24,676,000.00 24,362,000.00 23,782,000.00 35,382,000.00
      Property, Plant, Equipment Net 26,987,000.00 27,094,000.00 26,370,000.00 16,533,000.00 27,235,000.00 26,542,000.00 26,506,000.00 17,076,000.00 65,145,000.00 65,938,000.00 65,338,000.00 17,112,000.00 24,409,000.00 24,527,000.00 24,638,000.00 16,502,000.00 24,364,000.00 23,810,000.00 23,097,000.00 15,878,000.00
      Goodwill 708,000.00 1,677,000.00 1,596,000.00 1,561,000.00 1,633,000.00 1,603,000.00 1,628,000.00 1,647,000.00 1,604,000.00 1,610,000.00 1,605,000.00 1,827,000.00 1,746,000.00 1,793,000.00 1,866,000.00 1,875,000.00 1,894,000.00 1,931,000.00 1,904,000.00 1,953,000.00
      Intangible Assets 453,000.00 572,000.00 580,000.00 577,000.00 599,000.00 615,000.00 631,000.00 641,000.00 642,000.00 633,000.00 651,000.00 662,000.00 594,000.00 621,000.00 673,000.00 695,000.00 666,000.00 677,000.00 717,000.00 751,000.00
      Long-Term Investments 4,040,000.00 4,080,000.00 4,114,000.00 4,121,000.00 4,272,000.00 4,290,000.00 3,845,000.00 3,907,000.00 4,056,000.00 4,152,000.00 4,266,000.00 4,295,000.00 4,386,000.00 4,544,000.00 4,743,000.00 4,786,000.00 4,888,000.00 4,902,000.00 4,794,000.00 4,729,000.00
      Non-Current Deferred Assets 0 0 0 259,000.00 0 0 0 196,000.00 0 0 0 157,000.00 0 0 0 174,000.00 0 0 0 39,000.00
      Other Non-Current Assets -9,158,000.00 -9,147,000.00 -8,872,000.00 8,946,000.00 -9,218,000.00 -8,897,000.00 -8,861,000.00 11,191,000.00 -47,800,000.00 -48,343,000.00 -47,629,000.00 11,652,000.00 -6,972,000.00 -7,306,000.00 -7,357,000.00 12,014,000.00 -7,136,000.00 -6,958,000.00 -6,730,000.00 12,032,000.00
Liabilities 3,321,000.00 954,000.00 -1,462,000.00 10,083,000.00 -3,909,000.00 -3,311,000.00 -2,341,000.00 12,614,000.00 -2,768,000.00 -2,138,000.00 -1,936,000.00 13,720,000.00 -110,000.00 306,000.00 -268,000.00 18,149,000.00 3,234,000.00 5,659,000.00 9,318,000.00 27,465,000.00
   Current Liabilities 6,852,000.00 6,244,000.00 6,240,000.00 8,342,000.00 5,993,000.00 6,147,000.00 6,087,000.00 10,053,000.00 7,000,000.00 7,017,000.00 6,513,000.00 9,755,000.00 7,634,000.00 7,653,000.00 7,539,000.00 10,819,000.00 7,408,000.00 6,595,000.00 6,875,000.00 8,583,000.00
      Payables and Expenses 5,018,000.00 5,063,000.00 5,625,000.00 2,483,000.00 5,865,000.00 5,974,000.00 9,888,000.00 2,559,000.00 9,681,000.00 5,188,000.00 5,195,000.00 5,502,000.00 6,141,000.00 6,537,000.00 6,614,000.00 6,031,000.00 6,159,000.00 5,327,000.00 4,656,000.00 4,281,000.00
            Account Payables 2,928,000.00 3,113,000.00 3,662,000.00 127,000.00 3,626,000.00 4,074,000.00 7,944,000.00 123,000.00 7,148,000.00 3,024,000.00 3,029,000.00 3,106,000.00 3,508,000.00 4,103,000.00 4,238,000.00 3,460,000.00 3,494,000.00 2,909,000.00 2,703,000.00 2,398,000.00
            Current Accrued Liabilities 2,090,000.00 1,950,000.00 1,963,000.00 2,356,000.00 2,239,000.00 1,900,000.00 1,944,000.00 2,436,000.00 2,533,000.00 2,164,000.00 2,166,000.00 2,396,000.00 2,633,000.00 2,434,000.00 2,376,000.00 2,571,000.00 2,665,000.00 2,418,000.00 1,953,000.00 1,883,000.00
      Short-Term Debt 1,490,000.00 852,000.00 855,000.00 855,000.00 370,000.00 503,000.00 499,000.00 1,133,000.00 1,117,000.00 1,596,000.00 1,260,000.00 1,261,000.00 1,441,000.00 914,000.00 396,000.00 885,000.00 1,293,000.00 1,541,000.00 2,484,000.00 1,474,000.00
      Other Current Liabilities 344,000.00 329,000.00 -240,000.00 5,004,000.00 -242,000.00 -330,000.00 -4,300,000.00 6,361,000.00 -3,798,000.00 233,000.00 58,000.00 2,992,000.00 52,000.00 202,000.00 529,000.00 3,903,000.00 -44,000.00 -273,000.00 -265,000.00 2,828,000.00
   Non-Current Liabilities -3,531,000.00 -5,290,000.00 -7,702,000.00 1,741,000.00 -9,902,000.00 -9,458,000.00 -8,428,000.00 2,561,000.00 -9,768,000.00 -9,155,000.00 -8,449,000.00 3,965,000.00 -7,744,000.00 -7,347,000.00 -7,807,000.00 7,330,000.00 -4,174,000.00 -936,000.00 2,443,000.00 18,882,000.00
      Long-Term Debt 12,000,000.00 12,618,000.00 12,049,000.00 11,951,000.00 12,492,000.00 12,380,000.00 12,403,000.00 11,742,000.00 11,610,000.00 11,713,000.00 12,108,000.00 12,050,000.00 11,959,000.00 12,631,000.00 12,785,000.00 12,895,000.00 14,463,000.00 14,846,000.00 14,984,000.00 16,508,000.00
      Other Non-Current Liabilities -15,531,000.00 -17,908,000.00 -19,751,000.00 -10,210,000.00 -22,394,000.00 -21,838,000.00 -20,831,000.00 -9,181,000.00 -21,378,000.00 -20,868,000.00 -20,557,000.00 -8,085,000.00 -19,703,000.00 -19,978,000.00 -20,592,000.00 -5,565,000.00 -18,637,000.00 -15,782,000.00 -12,541,000.00 2,374,000.00
Equity 30,466,000.00 34,398,000.00 36,651,000.00 37,410,000.00 41,172,000.00 40,375,000.00 38,965,000.00 38,818,000.00 39,643,000.00 38,821,000.00 38,191,000.00 37,873,000.00 36,601,000.00 36,718,000.00 38,122,000.00 35,602,000.00 35,428,000.00 31,600,000.00 26,428,000.00 23,947,000.00
   Shareholders Equity 10,599,000.00 11,909,000.00 9,315,000.00 9,398,000.00 10,968,000.00 10,403,000.00 9,915,000.00 9,978,000.00 13,205,000.00 12,931,000.00 12,721,000.00 12,615,000.00 12,191,000.00 12,230,000.00 12,698,000.00 11,858,000.00 11,800,000.00 10,524,000.00 8,800,000.00 7,971,000.00
      Capital Stock 19,000.00 19,000.00 19,000.00 19,000.00 19,000.00 19,000.00 19,000.00 19,000.00 19,000.00 19,000.00 19,000.00 19,000.00 19,000.00 19,000.00 19,000.00 19,000.00 19,000.00 19,000.00 19,000.00 19,000.00
      Share Premium 6,144,000.00 6,139,000.00 6,132,000.00 6,150,000.00 6,139,000.00 6,122,000.00 6,112,000.00 6,145,000.00 6,130,000.00 6,111,000.00 6,092,000.00 6,119,000.00 6,099,000.00 6,077,000.00 6,056,000.00 6,044,000.00 6,029,000.00 6,011,000.00 5,993,000.00 5,986,000.00
      Retained Earnings 7,399,000.00 8,732,000.00 9,064,000.00 9,325,000.00 10,366,000.00 10,233,000.00 9,752,000.00 9,692,000.00 9,917,000.00 9,580,000.00 9,277,000.00 9,195,000.00 9,232,000.00 9,050,000.00 9,514,000.00 8,563,000.00 8,216,000.00 6,837,000.00 5,158,000.00 4,440,000.00
      Treasury Shares 1,610,000.00 1,628,000.00 1,559,000.00 1,500,000.00 1,434,000.00 1,402,000.00 1,372,000.00 1,450,000.00 1,461,000.00 1,446,000.00 1,360,000.00 1,346,000.00 1,348,000.00 1,200,000.00 1,156,000.00 965,000.00 581,000.00 494,000.00 506,000.00 531,000.00
      Accumulated Other Comprehensive Income -1,353,000.00 -1,353,000.00 -1,447,000.00 -1,532,000.00 -1,374,000.00 -1,523,000.00 -1,532,000.00 -1,476,000.00 -2,800,000.00 -2,666,000.00 -2,614,000.00 -2,744,000.00 -3,622,000.00 -3,432,000.00 -3,470,000.00 -3,606,000.00 -3,766,000.00 -3,698,000.00 -3,728,000.00 -3,886,000.00
   Minority Interest 11,000.00 12,000.00 12,000.00 12,000.00 12,000.00 14,000.00 14,000.00 14,000.00 14,000.00 14,000.00 14,000.00 14,000.00 14,000.00 14,000.00 14,000.00 14,000.00 14,000.00 14,000.00 14,000.00 17,000.00
Investments 4,040,000.00 4,080,000.00 4,114,000.00 4,121,000.00 4,272,000.00 4,290,000.00 3,845,000.00 3,907,000.00 4,056,000.00 4,152,000.00 4,266,000.00 4,295,000.00 4,386,000.00 4,544,000.00 4,743,000.00 9,581,000.00 4,924,000.00 5,038,000.00 5,177,000.00 10,160,000.00
Debt 13,490,000.00 13,470,000.00 12,904,000.00 12,806,000.00 12,862,000.00 12,883,000.00 12,902,000.00 12,875,000.00 12,727,000.00 13,309,000.00 13,368,000.00 13,311,000.00 13,400,000.00 13,545,000.00 13,181,000.00 13,780,000.00 15,756,000.00 16,387,000.00 17,468,000.00 17,982,000.00
Net Debt 10,986,000.00 10,946,000.00 9,873,000.00 6,808,000.00 8,517,000.00 8,143,000.00 9,096,000.00 7,038,000.00 7,955,000.00 9,185,000.00 10,499,000.00 11,155,000.00 11,914,000.00 12,479,000.00 11,387,000.00 12,294,000.00 13,822,000.00 14,868,000.00 15,622,000.00 15,515,000.00
Common Shares Outstanding 321,832.68 321,627.61 322,945.08 323,889.83 324,750.43 325,078.68 325,365.83 324,483.40 324,359.30 324,516.08 325,468.60 325,723.57 325,623.08 327,244.65 327,644.03 329,536.39 333,627.35 334,503.52 334,313.14 334,015.22
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 23,062,000.00 15,335,000.00 7,677,000.00 -20,911,000.00 30,805,000.00 20,483,000.00 9,925,000.00 -20,871,000.00 31,178,000.00 20,553,000.00 10,247,000.00 -30,946,000.00 40,245,000.00 27,995,000.00 13,157,000.00 -16,895,000.00 33,343,000.00 20,643,000.00 9,082,000.00
Cost Of Revenue 41,653,000.00 28,000,000.00 14,254,000.00 30,391,000.00 27,098,000.00 17,984,000.00 8,801,000.00 -5,642,000.00 26,934,000.00 17,751,000.00 8,883,000.00 -10,245,000.00 34,437,000.00 23,371,000.00 11,125,000.00 160,000.00 26,445,000.00 16,350,000.00 7,677,000.00
Gross Profit -18,591,000.00 -12,665,000.00 -6,577,000.00 -51,302,000.00 3,707,000.00 2,499,000.00 1,124,000.00 -15,229,000.00 4,244,000.00 2,802,000.00 1,364,000.00 -20,701,000.00 5,808,000.00 4,624,000.00 2,032,000.00 -17,055,000.00 6,898,000.00 4,293,000.00 1,405,000.00
Operating Expenses -18,259,000.00 -13,064,000.00 -6,691,000.00 -48,095,000.00 1,231,000.00 825,000.00 420,000.00 -13,089,000.00 1,506,000.00 1,078,000.00 651,000.00 -15,741,000.00 1,194,000.00 822,000.00 371,000.00 -14,954,000.00 1,036,000.00 679,000.00 317,000.00
   Selling, General and Administrative Expenses 1,237,000.00 836,000.00 401,000.00 -833,000.00 1,237,000.00 833,000.00 426,000.00 -766,000.00 1,158,000.00 780,000.00 385,000.00 -651,000.00 976,000.00 657,000.00 328,000.00 -573,000.00 927,000.00 614,000.00 287,000.00
   Research and Development Expenses 103,000.00 69,000.00 34,000.00 -58,000.00 96,000.00 65,000.00 32,000.00 -64,000.00 96,000.00 65,000.00 33,000.00 -67,000.00 95,000.00 64,000.00 32,000.00 -57,000.00 91,000.00 61,000.00 29,000.00
   Other Operating Expenses -19,599,000.00 -13,969,000.00 -7,126,000.00 -47,204,000.00 -102,000.00 -73,000.00 -38,000.00 -12,259,000.00 252,000.00 233,000.00 233,000.00 -15,023,000.00 123,000.00 101,000.00 11,000.00 -14,324,000.00 18,000.00 4,000.00 1,000.00
Operating Income -332,000.00 399,000.00 114,000.00 -3,207,000.00 2,476,000.00 1,674,000.00 704,000.00 -2,140,000.00 2,738,000.00 1,724,000.00 713,000.00 -4,960,000.00 4,614,000.00 3,802,000.00 1,661,000.00 -2,101,000.00 5,862,000.00 3,614,000.00 1,088,000.00
Net Non-Operating Income -869,000.00 197,000.00 8,000.00 -3,582,000.00 2,665,000.00 1,970,000.00 531,000.00 -2,007,000.00 2,171,000.00 1,406,000.00 597,000.00 -4,637,000.00 4,037,000.00 3,445,000.00 1,557,000.00 -3,872,000.00 5,513,000.00 3,474,000.00 982,000.00
Interest Income 466,000.00 313,000.00 149,000.00 -160,000.00 468,000.00 325,000.00 141,000.00 -98,000.00 435,000.00 299,000.00 160,000.00 137,000.00 50,000.00 39,000.00 52,000.00 -87,000.00 250,000.00 182,000.00 21,000.00
Interest Expense 394,000.00 262,000.00 119,000.00 -103,000.00 354,000.00 247,000.00 100,000.00 -88,000.00 347,000.00 248,000.00 137,000.00 122,000.00 37,000.00 33,000.00 50,000.00 -79,000.00 242,000.00 175,000.00 19,000.00
Net Interest 72,000.00 51,000.00 30,000.00 -57,000.00 114,000.00 78,000.00 41,000.00 -10,000.00 88,000.00 51,000.00 23,000.00 15,000.00 13,000.00 6,000.00 2,000.00 -8,000.00 8,000.00 7,000.00 2,000.00
EBT -1,201,000.00 596,000.00 122,000.00 -6,789,000.00 5,141,000.00 3,644,000.00 1,235,000.00 -4,147,000.00 4,909,000.00 3,130,000.00 1,310,000.00 -9,597,000.00 8,651,000.00 7,247,000.00 3,218,000.00 -5,973,000.00 11,375,000.00 7,088,000.00 2,070,000.00
Income Tax 48,000.00 127,000.00 32,000.00 -478,000.00 449,000.00 345,000.00 118,000.00 -643,000.00 518,000.00 375,000.00 189,000.00 -897,000.00 794,000.00 680,000.00 306,000.00 -154,000.00 1,072,000.00 598,000.00 38,000.00
Equity Method Investments Income 0 8,000.00 1,000.00 -156,000.00 -132,000.00 -92,000.00 -54,000.00 -53,000.00 11,000.00 5,000.00 17,000.00 -100,000.00 25,000.00 51,000.00 29,000.00 461,000.00 0 0 0
Net Income Including Non-Controlling Interests -2,392,000.00 1,168,000.00 708,000.00 -9,892,000.00 7,880,000.00 5,588,000.00 1,892,000.00 -6,076,000.00 7,782,000.00 4,818,000.00 1,960,000.00 -15,537,000.00 14,002,000.00 11,826,000.00 5,236,000.00 -12,331,000.00 19,456,000.00 12,464,000.00 4,158,000.00
Net Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
EBIT -807,000.00 858,000.00 241,000.00 -6,892,000.00 5,495,000.00 3,891,000.00 1,335,000.00 -4,235,000.00 5,256,000.00 3,378,000.00 1,447,000.00 -9,475,000.00 8,688,000.00 7,280,000.00 3,268,000.00 -6,052,000.00 11,617,000.00 7,263,000.00 2,089,000.00
Deprecation and Amortization 1,005,000.00 655,000.00 323,000.00 2,316,000.00 1,133,000.00 752,000.00 365,000.00 2,265,000.00 1,154,000.00 787,000.00 396,000.00 1,942,000.00 933,000.00 615,000.00 311,000.00 2,163,000.00 1,016,000.00 665,000.00 335,000.00
EBITDA 198,000.00 1,513,000.00 564,000.00 -4,576,000.00 6,628,000.00 4,643,000.00 1,700,000.00 -1,970,000.00 6,410,000.00 4,165,000.00 1,843,000.00 -7,533,000.00 9,621,000.00 7,895,000.00 3,579,000.00 -3,889,000.00 12,633,000.00 7,928,000.00 2,424,000.00
EPS -0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.01 0.00
Diluted EPS -0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.01 0.00
Average Shares Outstanding Basic 0 0 0 0.00 0 0 0 0.00 0 0 0 0.00 0 0 0 0.00 0 0 0
Average Shares Outstanding Diluted 0 0 0 0.00 0 0 0 0.00 0 0 0 0.00 0 0 0 0.00 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
Operating Cash Flow 755,000.00 -228,000.00 -579,000.00 795,000.00 1,904,000.00 1,234,000.00 -114,000.00 -750,000.00 3,438,000.00 1,772,000.00 482,000.00 -2,999,000.00 4,515,000.00 3,101,000.00 1,502,000.00 35,000.00 4,616,000.00 2,473,000.00 571,000.00
   Operating Net Income -2,392,000.00 1,168,000.00 708,000.00 -9,892,000.00 7,880,000.00 5,588,000.00 1,892,000.00 -6,076,000.00 7,782,000.00 4,818,000.00 1,960,000.00 -15,537,000.00 14,002,000.00 11,826,000.00 5,236,000.00 -12,331,000.00 19,456,000.00 12,464,000.00 4,158,000.00
   Deprecation and Amortization 1,005,000.00 655,000.00 323,000.00 2,316,000.00 1,133,000.00 752,000.00 365,000.00 2,265,000.00 1,154,000.00 787,000.00 396,000.00 1,942,000.00 933,000.00 615,000.00 311,000.00 2,163,000.00 1,016,000.00 665,000.00 335,000.00
   Deferred Income Tax -193,000.00 -30,000.00 -25,000.00 -294,000.00 -79,000.00 -55,000.00 -9,000.00 -30,000.00 48,000.00 19,000.00 6,000.00 81,000.00 83,000.00 68,000.00 137,000.00 -156,000.00 7,000.00 34,000.00 -83,000.00
   Share Based Compensation 70,000.00 55,000.00 35,000.00 -67,000.00 71,000.00 53,000.00 34,000.00 -52,000.00 71,000.00 48,000.00 24,000.00 -39,000.00 54,000.00 37,000.00 18,000.00 -38,000.00 50,000.00 35,000.00 19,000.00
   Change in Working Capital -778,000.00 -267,000.00 560,000.00 -3,236,000.00 629,000.00 1,312,000.00 1,021,000.00 -1,292,000.00 509,000.00 477,000.00 319,000.00 -5,509,000.00 667,000.00 1,994,000.00 1,470,000.00 -4,038,000.00 3,795,000.00 2,525,000.00 1,280,000.00
   Other Operating Activities 3,043,000.00 -1,809,000.00 -2,180,000.00 11,968,000.00 -7,730,000.00 -6,416,000.00 -3,417,000.00 4,435,000.00 -6,126,000.00 -4,377,000.00 -2,223,000.00 16,063,000.00 -11,224,000.00 -11,439,000.00 -5,670,000.00 14,435,000.00 -19,708,000.00 -13,250,000.00 -5,138,000.00
Investing Cash Flow -1,373,000.00 -934,000.00 -430,000.00 786,000.00 -1,306,000.00 -823,000.00 -510,000.00 507,000.00 -1,171,000.00 -742,000.00 -371,000.00 946,000.00 -1,433,000.00 -1,034,000.00 -456,000.00 -284,000.00 -797,000.00 -362,000.00 -59,000.00
   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 1,428,000.00 1,022,000.00 483,000.00 -946,000.00 1,335,000.00 967,000.00 483,000.00 -521,000.00 1,047,000.00 653,000.00 352,000.00 -951,000.00 1,417,000.00 978,000.00 446,000.00 -437,000.00 1,285,000.00 771,000.00 340,000.00
   Net Purchase/Sale of Investments Net -37,000.00 -46,000.00 6,000.00 -23,000.00 150,000.00 44,000.00 27,000.00 37,000.00 186,000.00 89,000.00 17,000.00 -9,000.00 131,000.00 72,000.00 26,000.00 -319,000.00 1,030,000.00 333,000.00 93,000.00
   Net Purchase/Sale of Business 15,000.00 8,000.00 0 -438,000.00 1,239,000.00 1,212,000.00 0 100,000.00 0 0 2,000.00 -10,000.00 14,000.00 0 0 -102,000.00 104,000.00 104,000.00 0
   Other Investing Activities -2,779,000.00 -1,918,000.00 -919,000.00 2,193,000.00 -4,030,000.00 -3,046,000.00 -1,020,000.00 891,000.00 -2,404,000.00 -1,484,000.00 -742,000.00 1,916,000.00 -2,995,000.00 -2,084,000.00 -928,000.00 574,000.00 -3,216,000.00 -1,570,000.00 -492,000.00
Financing Cash Flow -1,046,000.00 -598,000.00 -547,000.00 787,000.00 -1,377,000.00 -893,000.00 -412,000.00 773,000.00 -1,545,000.00 -701,000.00 -477,000.00 2,627,000.00 -2,929,000.00 -2,392,000.00 -713,000.00 494,000.00 -3,627,000.00 -2,470,000.00 -782,000.00
   Net Issuance/Repayment of Debt 499,000.00 499,000.00 0 -3,037,000.00 1,519,000.00 1,519,000.00 1,519,000.00 -300,000.00 725,000.00 300,000.00 0 -36,000.00 96,000.00 105,000.00 -169,000.00 -1,143,000.00 3,622,000.00 2,100,000.00 500,000.00
   Net Issuance/Repurchase of Equity 201,000.00 201,000.00 110,000.00 3,000.00 117,000.00 75,000.00 0 -240,000.00 211,000.00 170,000.00 70,000.00 -479,000.00 420,000.00 262,000.00 217,000.00 385,000.00 78,000.00 0 0
   Dividends Paid 1,321,000.00 878,000.00 433,000.00 -817,000.00 1,283,000.00 846,000.00 408,000.00 -780,000.00 1,204,000.00 797,000.00 389,000.00 -2,448,000.00 2,859,000.00 2,464,000.00 371,000.00 -706,000.00 1,110,000.00 730,000.00 352,000.00
   Other Financing Activities -3,067,000.00 -2,176,000.00 -1,090,000.00 4,638,000.00 -4,296,000.00 -3,333,000.00 -2,339,000.00 2,093,000.00 -3,685,000.00 -1,968,000.00 -936,000.00 5,590,000.00 -6,304,000.00 -5,223,000.00 -1,132,000.00 1,958,000.00 -8,437,000.00 -5,300,000.00 -1,634,000.00
Net Change in Cash -1,587,000.00 -1,684,000.00 -1,518,000.00 2,368,000.00 -770,000.00 -541,000.00 -1,074,000.00 575,000.00 688,000.00 338,000.00 -352,000.00 764,000.00 9,000.00 -411,000.00 317,000.00 263,000.00 133,000.00 -382,000.00 -302,000.00
   Cash at Beginning of Period 3,388,000.00 3,388,000.00 3,388,000.00 1,020,000.00 3,405,000.00 3,405,000.00 3,405,000.00 2,830,000.00 2,156,000.00 2,156,000.00 2,156,000.00 1,392,000.00 1,477,000.00 1,477,000.00 1,477,000.00 1,214,000.00 1,765,000.00 1,765,000.00 1,765,000.00
   Cash at End of Period 1,801,000.00 1,704,000.00 1,870,000.00 3,388,000.00 2,635,000.00 2,864,000.00 2,331,000.00 3,405,000.00 2,844,000.00 2,494,000.00 1,804,000.00 2,156,000.00 1,486,000.00 1,066,000.00 1,794,000.00 1,477,000.00 1,898,000.00 1,383,000.00 1,463,000.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0