Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 46.75 67.83 105.67
Price to Sales 1.29 0.94 0.94 4.29 8.61
Book Value Per Common Share 0.74 -0.07 -1.59 -2.59 -2.16
Price to Book 175.17 -1273.47 -43.88 -46.15 -33.96
Price to Operating Cash Flow 17.27 15.61 8.56 15.10 -14.79
Price to Free Cash Flow
Enterprise Value to EBITDA 222281.04 144486.65 159735.90
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 2020-12-31
Price to Earnings 196.87 1680.89 -408.06 49.54 180.27 -199.57 31.57 116.81 -280.00 42.48 266.39 -301.64 -42.78
Price to Sales 2.00 3.37 8.93 1.44 2.19 6.39 1.12 2.38 5.11 1.38 2.96 14.48 5.51
Book Value Per Common Share 2.25 1.56 0.46 0.74 1.25 -0.19 -0.50 -0.07 0.97 -0.82 -2.02 -1.59 -0.33 -1.84 -2.33 -2.59 -1.88 -2.16
Price to Book 72.62 97.28 284.86 175.17 87.42 -497.56 -211.37 -1273.47 85.56 -111.03 -34.66 -43.88 -228.55 -44.96 -50.41 -46.15 -48.56 -33.96
Price to Operating Cash Flow 26.13 22.67 22.85 37.02 15.37 24.54 24.89 12.63 13.82 18.36 11.92 21.78 19.18
Price to Free Cash Flow
Enterprise Value to EBITDA 218847.39 425808.20 1280348.83 166600.24 280941.97 871542.24 127462.36 281189.75 743010.86 165289.06 272373.30 1452682.27 821595.79

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 100.72 109.09
Revenue YoY 1.79 36.38 166.11 236.80
EBITDA YoY -9.66 49.69
Net Profit YoY 59.12 90.31
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 2020-12-31
Earning YoY 822.22 325.00 237.18 477.42
Revenue YoY 81.81 207.17 77.89 158.53 93.08 180.05 98.66 245.96 16.61 311.43
EBITDA YoY 110.31 248.83 97.16 175.21 101.20 244.21 52.30 276.75
Net Profit YoY 161.83 1049.05 176.75 166.43 262.61

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 26.53 27.29 24.97 21.76 11.68
Quick Ratio 0.84 0.83 0.85 0.87 0.80
Current Ratio 0.99 0.96 0.98 0.98 0.96
Debt to Equity 24.00 33.09 179.97 -40.17 -41.71
Long-Term Debt to Equity 12.58 16.12 91.45 -21.99 -27.52
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 2020-12-31
Cash Per Common Share 29.19 30.53 31.00 26.05 23.92 27.90 28.37 26.74 26.06 31.25 30.67 24.27 22.11 26.27 26.48 21.76 21.48 11.68
Quick Ratio 0.76 0.71 0.78 0.84 0.85 0.76 0.78 0.83 0.97 0.90 0.92 0.85 0.91 0.85 0.86 0.87 1.05 0.80
Current Ratio 0.92 0.88 0.96 0.99 1.01 0.92 0.92 0.96 1.14 1.08 1.08 0.98 1.04 0.99 0.98 0.98 1.18 0.96
Debt to Equity 11.21 14.57 20.99 24.00 21.16 37.65 43.67 33.09 22.19 55.02 249.27 179.97 38.61 468.20 -55.96 -40.17 -160.55 -41.71
Long-Term Debt to Equity 4.88 5.89 9.85 12.58 10.75 16.55 19.52 16.12 12.07 28.03 130.83 91.45 19.46 221.56 -27.54 -21.99 -94.03 -27.52

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 4.38 2.81 1.74 -4.41 -15.82
ROE 109.44 95.93 315.56 172.70 644.24
Gross Margin 25.17 23.99 26.04 30.51 24.65
Operating Margin 4.60 5.47 4.70 -5.25 -87.57
EBITDA Margin 5.90 6.64 6.05 -1.69 -74.37
Net Profit Margin 3.87 2.48 1.77 -10.38 -92.59
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2020-12-31
ROA 2.95 1.10 0.10 3.37 1.18 -0.22 3.86 1.40 -0.02 3.16 0.84 -0.31 -3.42
ROE 35.99 17.19 2.24 74.78 45.60 -9.96 89.48 78.21 -4.00 125.21 393.22 17.23 545.74
Gross Margin 26.39 28.14 33.33 26.52 28.18 30.35 25.42 28.29 32.35 26.99 30.45 40.59 34.17
Operating Margin 7.67 6.15 4.33 7.38 6.31 2.21 7.66 6.99 5.03 7.01 5.75 1.64 -6.20
EBITDA Margin 9.16 7.92 6.97 8.65 7.80 7.33 8.80 8.45 6.87 8.32 10.85 9.97 6.71
Net Profit Margin 3.70 2.57 0.69 3.98 2.56 -1.23 4.58 3.32 -0.10 4.03 2.21 -2.78 -12.79

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 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 20,478,771.00 20,014,045.00 16,974,841.00 14,765,318.00 10,891,303.00
   Current Assets 9,290,137.00 9,577,754.00 8,159,522.00 6,684,093.00 3,649,768.00
      Cash and Short-Term Investments 6,106,109.00 6,238,956.00 5,612,374.00 4,887,792.00 2,546,439.00
            Cash and Cash Equivalents 6,106,109.00 6,238,956.00 5,612,374.00 4,887,792.00 2,546,439.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 1,747,316.00 2,069,054.00 1,465,383.00 1,066,573.00 486,734.00
      Inventory 50,145.00 45,141.00 38,725.00 33,826.00 22,000.00
      Other Current Assets 1,386,567.00 1,224,603.00 1,043,040.00 695,902.00 594,595.00
   Non-Current Assets 11,188,634.00 10,436,291.00 8,815,319.00 8,081,225.00 7,241,535.00
      Property, Plant, Equipment Net 4,059,905.00 3,707,852.00 3,059,058.00 3,998,922.00 3,902,922.00
      Goodwill 2,620,911.00 2,691,466.00 5,430,660.00 5,624,638.00 2,129,203.00
      Intangible Assets 2,745,352.00 3,092,066.00 2,840,436.00 2,790,704.00 2,449,358.00
      Long-Term Investments 504,194.00 447,494.00 408,789.00 293,645.00 170,494.00
      Non-Current Deferred Assets 577,932.00 0 0 0 0
      Other Non-Current Assets 680,340.00 497,413.00 -2,923,624.00 -4,626,684.00 -1,410,442.00
Liabilities 19,659,778.00 19,426,888.00 16,881,044.00 15,142,226.00 11,158,807.00
   Current Liabilities 9,358,279.00 9,959,903.00 8,303,315.00 6,855,722.00 3,796,569.00
      Payables and Expenses 3,300,312.00 3,273,774.00 2,548,510.00 1,756,529.00 980,505.00
            Account Payables 242,978.00 267,493.00 180,076.00 110,623.00 86,356.00
            Current Accrued Liabilities 3,057,334.00 3,006,281.00 2,368,434.00 1,645,906.00 894,149.00
      Short-Term Debt 414,307.00 1,292,807.00 760,264.00 708,969.00 160,562.00
      Other Current Liabilities 5,643,660.00 5,393,322.00 4,994,541.00 4,390,224.00 2,655,502.00
   Non-Current Liabilities 10,301,499.00 9,466,985.00 8,577,729.00 8,286,504.00 7,362,238.00
      Long-Term Debt 7,857,434.00 7,145,117.00 6,937,992.00 6,751,548.00 6,300,770.00
      Other Non-Current Liabilities 2,444,065.00 2,321,868.00 1,639,737.00 1,534,956.00 1,061,468.00
Equity 818,993.00 587,157.00 93,797.00 -376,908.00 -267,504.00
   Shareholders Equity 173,263.00 -17,148.00 -367,569.00 -582,651.00 -471,772.00
      Capital Stock 2,313.00 2,298.00 2,285.00 2,220.00 2,145.00
      Share Premium 2,059,746.00 2,367,918.00 2,698,316.00 2,897,695.00 2,386,790.00
      Retained Earnings -1,546,819.00 -2,407,949.00 -2,971,229.00 -3,327,737.00 -2,676,833.00
      Treasury Shares 6,865.00 6,865.00 6,865.00 6,865.00 6,865.00
      Accumulated Other Comprehensive Income -670,224.00 27,450.00 -180,152.00 -295,928.00 -354,018.00
   Minority Interest 645,730.00 604,305.00 461,366.00 394,197.00 338,020.00
Investments 504,194.00 447,494.00 408,789.00 293,645.00 170,494.00
Debt 8,271,741.00 8,437,924.00 7,698,256.00 7,460,517.00 6,461,332.00
Net Debt 2,165,632.00 2,198,968.00 2,085,882.00 2,572,725.00 3,914,893.00
Common Shares Outstanding 234,363.73 233,303.15 231,263.62 224,674.58 218,015.04
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 23,155,625.00 22,749,073.00 16,681,254.00 6,268,447.00 1,861,178.00
Cost Of Revenue 17,328,154.00 17,292,016.00 12,337,524.00 4,355,989.00 1,402,400.00
Gross Profit 5,827,471.00 5,457,057.00 4,343,730.00 1,912,458.00 458,778.00
Operating Expenses 5,002,961.00 4,390,854.00 3,611,612.00 2,748,174.00 3,765,162.00
   Selling, General and Administrative Expenses 4,096,424.00 3,557,167.00 2,955,884.00 1,754,822.00 1,524,342.00
   Other Operating Expenses 906,537.00 833,687.00 655,728.00 993,352.00 2,240,820.00
Operating Income 824,510.00 1,066,203.00 732,118.00 -835,716.00 -3,306,384.00
Net Non-Operating Income -85,084.00 -171,659.00 -226,671.00 224,449.00 1,449,719.00
Interest Income 482,228.00 588,062.00 356,103.00 289,065.00 238,569.00
Interest Expense 325,974.00 350,244.00 278,483.00 282,440.00 226,832.00
Net Interest 156,254.00 237,818.00 77,620.00 6,625.00 11,737.00
EBT 739,426.00 894,544.00 505,447.00 -611,267.00 -1,856,665.00
Income Tax 391,698.00 160,227.00 96,254.00 2,481.00 28,875.00
Equity Method Investments Income -16,675.00 -5,455.00 10,571.00 2,520.00 -5,458.00
Net Income Including Non-Controlling Interests 661,450.00 392,243.00 182,779.00 -693,022.00 -1,620,100.00
Net Income Non-Controlling Interests 234,837.00 171,037.00 113,207.00 42,118.00 -103,255.00
Net Income 896,287.00 563,280.00 295,986.00 -650,904.00 -1,723,355.00
EBIT 1,065,400.00 1,244,788.00 783,930.00 -328,827.00 -1,629,833.00
Deprecation and Amortization 300,003.00 266,590.00 225,770.00 222,840.00 245,713.00
EBITDA 1,365,403.00 1,511,378.00 1,009,700.00 -105,987.00 -1,384,120.00
EPS 0.00 0.00 0.00 0 0
Diluted EPS 0.00 0.00 0.00 0 0
Average Shares Outstanding Basic 230,124.26 228,628.39 224,809.56 0 0
Average Shares Outstanding Diluted 236,352.45 230,977.33 231,556.87 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 1,725,175.00 1,370,794.00 1,832,063.00 1,780,568.00 -1,083,388.00
   Operating Net Income 1,131,124.00 734,317.00 409,193.00 -608,786.00 -1,827,790.00
   Deprecation and Amortization 300,003.00 266,590.00 225,770.00 222,840.00 245,713.00
   Deferred Income Tax -708,570.00 -44,018.00 7,199.00 -9,639.00 -37,877.00
   Share Based Compensation 110,348.00 115,959.00 110,049.00 209,337.00 116,889.00
   Change in Working Capital 318,847.00 886,527.00 1,099,539.00 1,237,627.00 194,480.00
   Other Operating Activities 573,423.00 -588,581.00 -19,687.00 729,189.00 225,197.00
Investing Cash Flow -854,281.00 -695,805.00 -784,691.00 -566,962.00 -224,062.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 675,156.00 475,257.00 353,286.00 159,834.00 222,609.00
   Net Purchase/Sale of Investments Net 159,335.00 183,730.00 127,945.00 50,390.00 130,057.00
   Net Purchase/Sale of Business 143,990.00 72,456.00 348,377.00 494,840.00 52,325.00
   Other Investing Activities -1,832,762.00 -1,427,248.00 -1,614,299.00 -1,272,026.00 -629,053.00
Financing Cash Flow -658,550.00 -87,281.00 -143,340.00 1,171,332.00 1,350,082.00
   Net Issuance/Repayment of Debt 3,631,567.00 1,791,669.00 168,043.00 1,013,532.00 1,638,352.00
   Net Issuance/Repurchase of Equity 26,052.00 19,264.00 35,775.00 30,618.00 30,647.00
   Dividends Paid 245,580.00 239,619.00 100,660.00 52,368.00 41,624.00
   Other Financing Activities -4,561,749.00 -2,137,833.00 -447,818.00 74,814.00 -360,541.00
Net Change in Cash -132,847.00 626,582.00 724,582.00 2,341,353.00 72,197.00
   Cash at Beginning of Period 6,238,956.00 5,612,374.00 4,887,792.00 2,546,439.00 2,474,242.00
   Cash at End of Period 6,106,109.00 6,238,956.00 5,612,374.00 4,887,792.00 2,546,439.00
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 23,690,319.00 24,150,333.00 22,731,118.00 20,478,771.00 20,602,070.00 21,295,984.00 20,958,189.00 20,014,045.00 20,060,573.00 20,807,090.00 19,807,591.00 16,974,841.00 15,787,014.00 16,421,028.00 16,006,602.00 14,765,318.00 13,330,744.00 12,245,656.00 10,919,642.00 10,891,303.00
   Current Assets 11,307,821.00 11,823,151.00 11,069,190.00 9,290,137.00 9,775,154.00 10,684,133.00 10,427,780.00 9,577,754.00 10,006,678.00 10,776,948.00 10,097,121.00 8,159,522.00 7,927,389.00 8,550,782.00 8,110,435.00 6,684,093.00 6,555,291.00 5,423,251.00 4,096,098.00 3,649,768.00
      Cash and Short-Term Investments 6,763,087.00 7,069,600.00 7,168,246.00 6,106,109.00 5,500,803.00 6,409,540.00 6,509,349.00 6,238,956.00 5,955,362.00 7,136,642.00 6,997,452.00 5,612,374.00 4,956,191.00 5,866,156.00 5,875,019.00 4,887,792.00 4,633,197.00 4,047,637.00 3,017,457.00 2,546,439.00
            Cash and Cash Equivalents 6,763,087.00 7,069,600.00 7,168,246.00 6,106,109.00 5,500,803.00 6,409,540.00 6,509,349.00 6,238,956.00 5,955,362.00 7,136,642.00 6,997,452.00 5,612,374.00 4,956,191.00 5,866,156.00 5,875,019.00 4,887,792.00 4,633,197.00 4,047,637.00 3,017,457.00 2,546,439.00
            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 2,606,747.00 2,464,829.00 1,850,779.00 1,747,316.00 2,693,998.00 2,464,042.00 2,279,906.00 2,069,054.00 2,503,135.00 1,889,652.00 1,657,210.00 1,465,383.00 1,989,508.00 1,456,198.00 1,210,007.00 1,066,573.00 1,182,242.00 646,705.00 467,792.00 486,734.00
      Inventory 0 0 0 50,145.00 0 0 0 45,141.00 0 0 0 38,725.00 0 0 0 33,826.00 0 0 0 22,000.00
      Other Current Assets 1,937,987.00 2,288,722.00 2,050,165.00 1,386,567.00 1,580,353.00 1,810,551.00 1,638,525.00 1,224,603.00 1,548,181.00 1,750,654.00 1,442,459.00 1,043,040.00 981,690.00 1,228,428.00 1,025,409.00 695,902.00 739,852.00 728,909.00 610,849.00 594,595.00
   Non-Current Assets 12,382,498.00 12,327,182.00 11,661,928.00 11,188,634.00 10,826,916.00 10,611,851.00 10,530,409.00 10,436,291.00 10,053,895.00 10,030,142.00 9,710,470.00 8,815,319.00 7,859,625.00 7,870,246.00 7,896,167.00 8,081,225.00 6,775,453.00 6,822,405.00 6,823,544.00 7,241,535.00
      Property, Plant, Equipment Net 4,879,349.00 4,687,511.00 4,369,377.00 4,059,905.00 4,018,166.00 3,823,401.00 3,694,122.00 3,707,852.00 3,549,999.00 3,486,893.00 3,467,989.00 3,059,058.00 2,781,121.00 2,753,125.00 2,803,431.00 3,998,922.00 2,432,504.00 2,431,662.00 2,445,983.00 3,902,922.00
      Goodwill 2,841,716.00 2,820,918.00 2,703,132.00 2,620,911.00 2,670,008.00 2,664,149.00 2,699,480.00 2,691,466.00 2,653,526.00 2,619,356.00 2,577,317.00 5,430,660.00 6,009,114.00 6,021,865.00 6,098,817.00 5,624,638.00 2,109,719.00 2,122,704.00 2,113,694.00 2,129,203.00
      Intangible Assets 2,497,222.00 2,552,467.00 2,446,916.00 2,745,352.00 2,476,432.00 2,570,179.00 2,703,460.00 3,092,066.00 2,623,266.00 2,614,513.00 2,477,847.00 2,840,436.00 2,243,870.00 2,343,512.00 2,377,835.00 2,790,704.00 1,833,568.00 1,924,104.00 1,996,696.00 2,449,358.00
      Long-Term Investments 492,900.00 483,500.00 493,600.00 504,194.00 514,900.00 548,400.00 513,100.00 447,494.00 427,900.00 410,500.00 361,500.00 408,789.00 355,600.00 327,500.00 318,100.00 293,645.00 246,300.00 208,100.00 162,500.00 170,494.00
      Non-Current Deferred Assets 0 0 0 577,932.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 1,671,311.00 1,782,786.00 1,648,903.00 680,340.00 1,147,410.00 1,005,722.00 920,247.00 497,413.00 799,204.00 898,880.00 825,817.00 -2,923,624.00 -3,530,080.00 -3,575,756.00 -3,702,016.00 -4,626,684.00 153,362.00 135,835.00 104,671.00 -1,410,442.00
Liabilities 21,750,451.00 22,599,391.00 21,697,228.00 19,659,778.00 19,672,327.00 20,745,011.00 20,489,002.00 19,426,888.00 19,195,604.00 20,435,661.00 19,728,445.00 16,881,044.00 15,388,458.00 16,386,030.00 16,297,836.00 15,142,226.00 13,414,296.00 13,404,862.00 11,707,870.00 11,158,807.00
   Current Liabilities 12,275,573.00 13,458,572.00 11,517,592.00 9,358,279.00 9,680,578.00 11,627,149.00 11,328,410.00 9,959,903.00 8,751,521.00 10,023,531.00 9,374,087.00 8,303,315.00 7,634,487.00 8,632,043.00 8,278,487.00 6,855,722.00 5,558,104.00 5,165,300.00 3,815,747.00 3,796,569.00
      Payables and Expenses 4,159,249.00 3,690,743.00 2,755,840.00 3,300,312.00 3,748,948.00 3,609,736.00 3,014,362.00 3,273,774.00 3,592,465.00 3,072,446.00 2,175,078.00 2,548,510.00 2,958,957.00 2,412,627.00 1,637,574.00 1,756,529.00 1,556,982.00 1,006,521.00 971,431.00 980,505.00
            Account Payables 355,427.00 404,877.00 310,056.00 242,978.00 294,765.00 250,917.00 248,196.00 267,493.00 276,982.00 293,865.00 172,649.00 180,076.00 195,327.00 219,744.00 67,008.00 110,623.00 111,142.00 90,360.00 72,913.00 86,356.00
            Current Accrued Liabilities 3,803,822.00 3,285,866.00 2,445,784.00 3,057,334.00 3,454,183.00 3,358,819.00 2,766,166.00 3,006,281.00 3,315,483.00 2,778,581.00 2,002,429.00 2,368,434.00 2,763,630.00 2,192,883.00 1,570,566.00 1,645,906.00 1,445,840.00 916,161.00 898,518.00 894,149.00
      Short-Term Debt 1,411,271.00 1,643,930.00 631,476.00 414,307.00 749,123.00 1,309,179.00 1,296,634.00 1,292,807.00 200,913.00 198,420.00 206,821.00 760,264.00 770,253.00 769,422.00 759,578.00 708,969.00 157,304.00 160,057.00 148,527.00 160,562.00
      Other Current Liabilities 6,705,053.00 8,123,899.00 8,130,276.00 5,643,660.00 5,182,507.00 6,708,234.00 7,017,414.00 5,393,322.00 4,958,143.00 6,752,665.00 6,992,188.00 4,994,541.00 3,905,277.00 5,449,994.00 5,881,335.00 4,390,224.00 3,843,818.00 3,998,722.00 2,695,789.00 2,655,502.00
   Non-Current Liabilities 9,474,878.00 9,140,819.00 10,179,636.00 10,301,499.00 9,991,749.00 9,117,862.00 9,160,592.00 9,466,985.00 10,444,083.00 10,412,130.00 10,354,358.00 8,577,729.00 7,753,971.00 7,753,987.00 8,019,349.00 8,286,504.00 7,856,192.00 8,239,562.00 7,892,123.00 7,362,238.00
      Long-Term Debt 7,977,430.00 6,775,714.00 7,662,900.00 7,857,434.00 7,439,701.00 6,722,127.00 6,724,588.00 7,145,117.00 8,219,811.00 8,214,595.00 8,194,535.00 6,937,992.00 6,867,645.00 6,848,191.00 6,913,275.00 6,751,548.00 7,135,175.00 6,724,510.00 6,698,304.00 6,300,770.00
      Other Non-Current Liabilities 1,497,448.00 2,365,105.00 2,516,736.00 2,444,065.00 2,552,048.00 2,395,735.00 2,436,004.00 2,321,868.00 2,224,272.00 2,197,535.00 2,159,823.00 1,639,737.00 886,326.00 905,796.00 1,106,074.00 1,534,956.00 721,017.00 1,515,052.00 1,193,819.00 1,061,468.00
Equity 1,939,868.00 1,550,942.00 1,033,890.00 818,993.00 929,743.00 550,973.00 469,187.00 587,157.00 864,969.00 371,429.00 79,146.00 93,797.00 398,556.00 34,998.00 -291,234.00 -376,908.00 -83,552.00 -1,159,206.00 -788,228.00 -267,504.00
   Shareholders Equity 521,340.00 360,070.00 105,995.00 173,263.00 287,966.00 -43,267.00 -114,832.00 -17,148.00 221,751.00 -187,377.00 -460,846.00 -367,569.00 -74,560.00 -410,164.00 -517,817.00 -582,651.00 -404,844.00 -912,762.00 -730,560.00 -471,772.00
      Capital Stock 2,326.00 2,324.00 2,322.00 2,313.00 2,310.00 2,307.00 2,302.00 2,298.00 2,293.00 2,291.00 2,289.00 2,285.00 2,271.00 2,256.00 2,235.00 2,220.00 2,218.00 2,164.00 2,160.00 2,145.00
      Share Premium 1,524,648.00 1,788,393.00 1,906,145.00 2,059,746.00 2,214,938.00 2,240,759.00 2,308,595.00 2,367,918.00 2,411,302.00 2,438,660.00 2,535,553.00 2,698,316.00 2,852,112.00 2,853,613.00 2,888,551.00 2,897,695.00 2,903,613.00 2,433,462.00 2,431,387.00 2,386,790.00
      Retained Earnings -830,978.00 -1,262,436.00 -1,505,847.00 -1,546,819.00 -1,747,806.00 -2,156,712.00 -2,454,682.00 -2,407,949.00 -2,197,221.00 -2,680,716.00 -2,974,398.00 -2,971,229.00 -2,768,195.00 -3,129,597.00 -3,317,397.00 -3,327,737.00 -3,132,813.00 -3,179,691.00 -2,984,026.00 -2,676,833.00
      Treasury Shares 6,865.00 6,865.00 6,865.00 6,865.00 6,865.00 6,865.00 6,865.00 6,865.00 6,865.00 6,865.00 6,865.00 6,865.00 6,865.00 6,865.00 6,865.00 6,865.00 6,865.00 6,865.00 6,865.00 6,865.00
      Accumulated Other Comprehensive Income -158,891.00 -152,446.00 -280,860.00 -670,224.00 -349,222.00 -245,512.00 35,818.00 27,450.00 12,242.00 59,253.00 -34,850.00 -180,152.00 -307,766.00 -259,142.00 -168,682.00 -295,928.00 -341,994.00 -323,664.00 -346,432.00 -354,018.00
   Minority Interest 607,485.00 567,847.00 691,810.00 645,730.00 641,777.00 594,240.00 584,019.00 604,305.00 643,218.00 558,806.00 539,992.00 461,366.00 473,116.00 445,162.00 372,200.00 394,197.00 363,068.00 333,159.00 336,446.00 338,020.00
Investments 492,900.00 483,500.00 493,600.00 504,194.00 514,900.00 548,400.00 513,100.00 447,494.00 427,900.00 410,500.00 361,500.00 408,789.00 355,600.00 327,500.00 318,100.00 293,645.00 246,300.00 208,100.00 162,500.00 170,494.00
Debt 9,388,701.00 8,419,644.00 8,294,376.00 8,271,741.00 8,188,824.00 8,031,306.00 8,021,222.00 8,437,924.00 8,420,724.00 8,413,015.00 8,401,356.00 7,698,256.00 7,637,898.00 7,617,613.00 7,672,853.00 7,460,517.00 7,292,479.00 6,884,567.00 6,846,831.00 6,461,332.00
Net Debt 2,625,614.00 1,350,044.00 1,126,130.00 2,165,632.00 2,688,021.00 1,621,766.00 1,511,873.00 2,198,968.00 2,465,362.00 1,276,373.00 1,403,904.00 2,085,882.00 2,681,707.00 1,751,457.00 1,797,834.00 2,572,725.00 2,659,282.00 2,836,930.00 3,829,374.00 3,914,893.00
Common Shares Outstanding 0 0 0 234,363.73 0 0 0 233,303.15 0 0 0 231,263.62 0 0 0 224,674.58 0 0 0 218,015.04
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Revenues 18,887,901.00 10,388,758.00 3,382,117.00 -7,940,881.00 17,474,032.00 9,822,945.00 3,799,529.00 -6,046,562.00 16,910,132.00 8,758,113.00 3,127,390.00 -3,749,053.00 12,390,517.00 6,236,982.00 1,802,808.00 1,546,006.00 3,565,277.00 866,555.00 290,609.00
Cost Of Revenue 13,903,393.00 7,465,693.00 2,254,937.00 -5,212,706.00 12,839,737.00 7,054,666.00 2,646,457.00 -3,714,772.00 12,610,832.00 6,280,367.00 2,115,589.00 -2,117,436.00 9,045,893.00 4,338,045.00 1,071,022.00 1,497,939.00 2,346,998.00 377,086.00 133,966.00
Gross Profit 4,984,508.00 2,923,065.00 1,127,180.00 -2,728,175.00 4,634,295.00 2,768,279.00 1,153,072.00 -2,331,790.00 4,299,300.00 2,477,746.00 1,011,801.00 -1,631,617.00 3,344,624.00 1,898,937.00 731,786.00 48,067.00 1,218,279.00 489,469.00 156,643.00
Operating Expenses 3,590,635.00 2,321,643.00 1,012,411.00 -2,095,926.00 3,570,341.00 2,338,967.00 1,189,579.00 -1,578,391.00 3,151,621.00 1,948,599.00 869,025.00 -1,138,908.00 2,492,616.00 1,553,178.00 704,726.00 -1,170,099.00 1,804,903.00 1,350,383.00 762,987.00
   Selling, General and Administrative Expenses 2,790,304.00 1,782,266.00 778,922.00 -1,706,115.00 2,913,199.00 1,907,781.00 981,559.00 -1,225,136.00 2,533,066.00 1,558,916.00 690,321.00 -904,998.00 2,048,305.00 1,242,395.00 570,182.00 -318,454.00 1,098,676.00 651,747.00 322,853.00
   Other Operating Expenses 800,331.00 539,377.00 233,489.00 -389,811.00 657,142.00 431,186.00 208,020.00 -353,255.00 618,555.00 389,683.00 178,704.00 -233,910.00 444,311.00 310,783.00 134,544.00 -851,645.00 706,227.00 698,636.00 440,134.00
Operating Income 1,393,873.00 601,422.00 114,769.00 -632,249.00 1,063,954.00 429,312.00 -36,507.00 -753,399.00 1,147,679.00 529,147.00 142,776.00 -492,709.00 852,008.00 345,759.00 27,060.00 1,218,166.00 -586,624.00 -860,914.00 -606,344.00
Net Non-Operating Income -177,656.00 -115,023.00 -48,756.00 -131,729.00 -23,336.00 30,277.00 39,704.00 101,322.00 -110,107.00 -88,130.00 -74,744.00 149,891.00 -189,595.00 -122,647.00 -64,320.00 -557,372.00 155,404.00 336,406.00 290,011.00
Interest Income 341,295.00 224,345.00 114,404.00 -262,434.00 372,371.00 248,343.00 123,948.00 -241,738.00 432,297.00 267,975.00 129,528.00 -126,485.00 252,287.00 155,964.00 74,337.00 -139,372.00 214,099.00 142,359.00 71,979.00
Interest Expense 232,682.00 152,391.00 80,343.00 -164,000.00 248,622.00 160,661.00 80,691.00 -167,606.00 257,425.00 171,210.00 89,215.00 -129,220.00 205,722.00 135,208.00 66,773.00 -138,275.00 210,146.00 139,739.00 70,830.00
Net Interest 108,613.00 71,954.00 34,061.00 -98,434.00 123,749.00 87,682.00 43,257.00 -74,132.00 174,872.00 96,765.00 40,313.00 2,735.00 46,565.00 20,756.00 7,564.00 -1,097.00 3,953.00 2,620.00 1,149.00
EBT 1,216,217.00 486,399.00 66,013.00 -763,978.00 1,040,618.00 459,589.00 3,197.00 -652,077.00 1,037,572.00 441,017.00 68,032.00 -342,818.00 662,413.00 223,112.00 -37,260.00 660,794.00 -431,220.00 -524,508.00 -316,333.00
Income Tax 389,196.00 137,356.00 19,711.00 49,294.00 191,412.00 115,578.00 35,414.00 -50,463.00 121,362.00 65,488.00 23,840.00 -44,722.00 85,589.00 43,691.00 11,696.00 -27,677.00 15,095.00 8,674.00 6,389.00
Equity Method Investments Income -462.00 4,747.00 479.00 -13,692.00 -8,527.00 5,460.00 84.00 -34,274.00 15,047.00 9,665.00 4,107.00 8,080.00 -8,040.00 6,243.00 4,288.00 -252.00 4,608.00 -2,417.00 581.00
Net Income Including Non-Controlling Interests 569,123.00 184,185.00 104.00 22,842.00 541,394.00 158,463.00 -61,249.00 -394,530.00 631,806.00 205,497.00 -50,530.00 -282,844.00 421,216.00 95,815.00 -51,408.00 536,786.00 -465,645.00 -472,499.00 -291,664.00
Net Income Non-Controlling Interests 128,949.00 82,429.00 23,099.00 -26,359.00 153,906.00 92,774.00 14,516.00 -103,542.00 142,202.00 85,016.00 47,361.00 -7,626.00 77,804.00 41,803.00 1,226.00 78,306.00 9,665.00 -30,324.00 -15,529.00
Net Income 698,072.00 266,614.00 23,203.00 -3,517.00 695,300.00 251,237.00 -46,733.00 -498,072.00 774,008.00 290,513.00 -3,169.00 -290,470.00 499,020.00 137,618.00 -50,182.00 615,092.00 -455,980.00 -502,823.00 -307,193.00
EBIT 1,448,899.00 638,790.00 146,356.00 -927,978.00 1,289,240.00 620,250.00 83,888.00 -819,683.00 1,294,997.00 612,227.00 157,247.00 -472,038.00 868,135.00 358,320.00 29,513.00 522,519.00 -221,074.00 -384,769.00 -245,503.00
Deprecation and Amortization 281,122.00 183,804.00 89,462.00 -262,605.00 221,841.00 146,168.00 194,599.00 -112,444.00 193,654.00 127,670.00 57,710.00 -406,024.00 162,943.00 318,673.00 150,178.00 -711,061.00 460,346.00 312,778.00 160,777.00
EBITDA 1,730,021.00 822,594.00 235,818.00 -1,190,583.00 1,511,081.00 766,418.00 278,487.00 -932,127.00 1,488,651.00 739,897.00 214,957.00 -878,062.00 1,031,078.00 676,993.00 179,691.00 -188,542.00 239,272.00 -71,991.00 -84,726.00
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 0
Average Shares Outstanding Basic 231,706.22 231,534.85 231,220.84 231,405.49 229,923.99 229,696.36 229,471.18 229,502.48 228,497.71 228,350.54 228,162.83 229,934.25 224,123.13 223,290.23 221,890.62 71,905.41 215,716.24 0 0
Average Shares Outstanding Diluted 234,725.80 234,658.61 231,220.84 247,985.55 235,928.75 232,024.31 229,471.18 458,271.97 235,146.39 230,490.94 0 233,351.24 239,617.92 231,367.67 221,890.62 71,905.41 215,716.24 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 1,449,046.00 1,544,722.00 1,321,251.00 -1,344,701.00 680,052.00 1,400,954.00 988,870.00 -2,194,344.00 762,441.00 1,646,849.00 1,155,848.00 -1,842,032.00 928,357.00 1,547,438.00 1,198,300.00 -488,692.00 1,024,697.00 1,169,989.00 74,574.00
   Operating Net Income 827,021.00 349,043.00 46,302.00 -29,876.00 849,206.00 344,011.00 -32,217.00 -601,614.00 916,210.00 375,529.00 44,192.00 -298,096.00 576,824.00 179,421.00 -48,956.00 693,433.00 -446,315.00 -533,182.00 -322,722.00
   Deprecation and Amortization 281,122.00 183,804.00 89,462.00 -262,605.00 221,841.00 146,168.00 194,599.00 -112,444.00 193,654.00 127,670.00 57,710.00 -406,024.00 162,943.00 318,673.00 150,178.00 -711,061.00 460,346.00 312,778.00 160,777.00
   Deferred Income Tax 69,419.00 25,129.00 4,271.00 -682,704.00 -14,059.00 -6,078.00 -5,729.00 -33,599.00 -10,419.00 0 0 7,199.00 0 0 0 -20,153.00 4,365.00 6,149.00 0
   Share Based Compensation 126,912.00 86,097.00 24,550.00 -66,242.00 85,450.00 59,738.00 31,402.00 -52,850.00 85,905.00 55,333.00 27,571.00 -87,111.00 86,178.00 61,741.00 49,241.00 36,308.00 80,165.00 52,847.00 40,017.00
   Change in Working Capital 1,150,429.00 3,333,580.00 2,929,542.00 -5,158,869.00 618,468.00 2,598,822.00 2,260,426.00 -5,919,686.00 1,343,686.00 3,033,285.00 2,429,242.00 -3,674,287.00 871,150.00 2,101,407.00 1,801,269.00 -1,792,677.00 1,333,799.00 1,421,587.00 274,918.00
   Other Operating Activities -1,005,857.00 -2,432,931.00 -1,772,876.00 4,855,595.00 -1,080,854.00 -1,741,707.00 -1,459,611.00 4,525,849.00 -1,766,595.00 -1,944,968.00 -1,402,867.00 2,616,287.00 -768,738.00 -1,113,804.00 -753,432.00 1,305,458.00 -407,663.00 -90,190.00 -78,416.00
Investing Cash Flow -832,767.00 -492,426.00 -217,395.00 393,621.00 -642,798.00 -434,405.00 -170,699.00 127,154.00 -463,964.00 -299,206.00 -59,789.00 -65,274.00 -359,728.00 -244,736.00 -114,953.00 -415,016.00 -111,759.00 -50,295.00 10,108.00
   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 729,837.00 454,247.00 170,796.00 -309,789.00 500,140.00 339,079.00 145,726.00 -220,783.00 341,535.00 237,619.00 116,886.00 -58,397.00 212,751.00 136,407.00 62,525.00 -42,595.00 103,914.00 69,257.00 29,258.00
   Net Purchase/Sale of Investments Net 93,083.00 28,445.00 9,316.00 -62,569.00 104,301.00 89,734.00 27,869.00 -101,173.00 125,241.00 121,182.00 38,480.00 -14,837.00 71,681.00 45,128.00 25,973.00 -29,816.00 46,598.00 22,536.00 11,072.00
   Net Purchase/Sale of Business 97,559.00 64,582.00 35,233.00 9,501.00 83,935.00 48,172.00 2,382.00 189,118.00 16,288.00 -43,023.00 -89,927.00 109,514.00 112,105.00 86,553.00 40,205.00 367,006.00 74,840.00 41,356.00 11,638.00
   Other Investing Activities -1,753,246.00 -1,039,700.00 -432,740.00 756,478.00 -1,331,174.00 -911,390.00 -346,676.00 259,992.00 -947,028.00 -614,984.00 -125,228.00 -101,554.00 -756,265.00 -512,824.00 -243,656.00 -709,611.00 -337,111.00 -183,444.00 -41,860.00
Financing Cash Flow -322,780.00 -498,452.00 -173,190.00 1,155,242.00 -692,460.00 -642,976.00 -478,356.00 -431,428.00 44,932.00 73,514.00 225,701.00 244,555.00 -175,219.00 -137,635.00 -75,041.00 -869,475.00 1,222,321.00 401,469.00 417,017.00
   Net Issuance/Repayment of Debt 1,058,680.00 166,389.00 97,887.00 2,493,129.00 386,605.00 378,018.00 373,815.00 -3,015,473.00 1,613,969.00 1,600,796.00 1,592,377.00 92,700.00 35,212.00 26,647.00 13,484.00 -1,161,675.00 997,332.00 596,193.00 581,682.00
   Net Issuance/Repurchase of Equity 5,054.00 3,443.00 2,606.00 -7,896.00 19,342.00 12,819.00 1,787.00 4,928.00 8,343.00 4,999.00 994.00 -36,881.00 35,698.00 26,051.00 10,907.00 -53,581.00 30,322.00 28,083.00 25,794.00
   Dividends Paid 196,799.00 164,819.00 33,742.00 -182,324.00 199,834.00 171,908.00 56,162.00 -106,694.00 153,789.00 137,609.00 54,915.00 -86,272.00 81,852.00 66,114.00 38,966.00 6,578.00 25,632.00 14,542.00 5,616.00
   Other Financing Activities -1,583,313.00 -833,103.00 -307,425.00 -1,147,667.00 -1,298,241.00 -1,205,721.00 -910,120.00 2,685,811.00 -1,731,169.00 -1,669,890.00 -1,422,585.00 275,008.00 -327,981.00 -256,447.00 -138,398.00 339,203.00 169,035.00 -237,349.00 -196,075.00
Net Change in Cash 656,978.00 963,491.00 1,062,137.00 164,329.00 -738,153.00 170,584.00 270,393.00 -2,625,752.00 342,988.00 1,524,268.00 1,385,078.00 -1,309,408.00 68,399.00 978,364.00 987,227.00 -1,717,621.00 2,086,758.00 1,501,198.00 471,018.00
   Cash at Beginning of Period 6,106,109.00 6,106,109.00 6,106,109.00 5,941,780.00 6,238,956.00 6,238,956.00 6,238,956.00 8,864,708.00 5,612,374.00 5,612,374.00 5,612,374.00 6,921,782.00 4,887,792.00 4,887,792.00 4,887,792.00 6,605,413.00 2,546,439.00 2,546,439.00 2,546,439.00
   Cash at End of Period 6,763,087.00 7,069,600.00 7,168,246.00 6,106,109.00 5,500,803.00 6,409,540.00 6,509,349.00 6,238,956.00 5,955,362.00 7,136,642.00 6,997,452.00 5,612,374.00 4,956,191.00 5,866,156.00 5,875,019.00 4,887,792.00 4,633,197.00 4,047,637.00 3,017,457.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0