Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 37.86 35.96 33.89 40.88 55.77
Price to Sales 17.29 16.04 15.14 18.80 23.37
Book Value Per Common Share 7.01 7.42 6.51 7.40 6.38
Price to Book 75.11 57.49 53.45 48.55 55.96
Price to Operating Cash Flow 32.96 33.61 30.07 37.52 49.51
Price to Free Cash Flow
Enterprise Value to EBITDA 289979.27 265344.07 259865.11 309672.67 410153.76
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31
Price to Earnings 47.32 73.26 152.26 48.08 65.45 149.09 44.58 71.77 146.54 37.27 62.60 132.86 54.58 92.90 193.51
Price to Sales 21.53 33.24 68.95 22.16 30.86 70.78 20.21 31.06 60.25 16.81 28.81 67.58 25.18 41.71 85.18
Book Value Per Common Share 8.70 8.63 7.31 8.02 7.97 7.78 7.42 6.72 5.84 5.62 6.55 6.34 7.20 6.77 6.49 6.38
Price to Book 65.34 65.12 74.93 61.59 55.35 61.90 57.49 58.91 67.38 64.64 43.40 49.79 49.64 51.35 56.22 55.82
Price to Operating Cash Flow 40.84 73.23 210.04 46.07 85.39 268.72 47.76 80.84 180.48 34.11 72.49 195.93 54.86 97.07 241.91
Price to Free Cash Flow
Enterprise Value to EBITDA 341790.95 530683.21 1113829.13 366861.84 498387.11 1142564.99 327859.92 513972.82 1084740.30 289013.68 497536.14 1135482.86 412516.64 692485.64 1435781.32

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 17.29 15.59 16.72 37.34
Revenue YoY 12.23 12.87 17.76 23.42
EBITDA YoY 11.88 15.90 12.99 31.47
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31
Earning YoY 56.71 113.06 52.37 108.67 62.04 120.97 51.39 87.36 62.09 113.59
Revenue YoY 55.92 112.18 55.37 109.66 54.36 109.06 53.98 106.39 57.41 108.98
EBITDA YoY 56.82 114.71 51.57 110.02 57.14 127.20 54.68 100.85 59.54 112.60
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 9.66 9.10 7.85 8.10 10.68
Quick Ratio 0.66 0.78 0.78 0.84 1.13
Current Ratio 1.03 1.17 1.17 1.29 1.61
Debt to Equity 6.38 5.07 5.07 4.08 4.15
Long-Term Debt to Equity 3.43 2.74 2.85 2.31 2.34
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31
Cash Per Common Share 11.88 10.52 8.86 11.92 7.51 7.82 9.19 7.28 7.13 7.52 8.46 6.68 7.64 7.06 6.86 7.88
Quick Ratio 0.73 0.72 0.68 0.87 0.72 0.68 0.78 0.74 0.72 0.78 0.84 0.80 0.87 0.85 0.85 0.91
Current Ratio 1.12 1.16 1.11 1.29 1.14 1.09 1.17 1.17 1.13 1.20 1.25 1.26 1.34 1.33 1.33 1.43
Debt to Equity 5.73 5.53 6.24 5.30 4.66 4.83 5.07 5.22 5.99 6.20 4.84 4.79 4.21 4.21 4.31 4.39
Long-Term Debt to Equity 3.12 3.12 3.58 2.99 2.57 2.52 2.74 2.94 3.37 3.68 2.75 2.86 2.54 2.51 2.59 2.61

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA
ROE
Gross Margin
Operating Margin 56.45 56.63 54.88 56.86 53.20
EBITDA Margin 59.63 59.82 58.25 60.71 56.99
Net Profit Margin
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31
ROA
ROE
Gross Margin
Operating Margin 59.47 59.03 58.11 57.19 58.61 58.41 57.92 56.86 51.93 54.73 54.34 55.80 57.12 56.21 55.28
EBITDA Margin 63.00 62.64 61.90 60.41 61.92 61.81 61.13 60.05 55.25 58.18 57.91 59.51 61.05 60.23 59.21
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 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 48,081,000.00 42,448,000.00 38,724,000.00 37,669,000.00 33,584,000.00
   Current Assets 19,724,000.00 18,961,000.00 16,606,000.00 16,949,000.00 19,113,000.00
   Deposits 1,874,000.00 1,845,000.00 1,568,000.00 1,873,000.00 1,696,000.00
      Cash and Short-Term Investments 8,934,000.00 8,588,000.00 7,597,000.00 8,007,000.00 10,699,000.00
            Cash and Cash Equivalents 8,934,000.00 8,588,000.00 7,597,000.00 8,007,000.00 10,699,000.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 3,773,000.00 4,060,000.00 3,425,000.00 3,006,000.00 2,646,000.00
      Inventory 0 0 0 0 0
      Other Current Assets 7,017,000.00 6,313,000.00 5,584,000.00 5,936,000.00 5,768,000.00
   Non-Current Assets 28,357,000.00 23,487,000.00 22,118,000.00 20,720,000.00 14,471,000.00
      Property, Plant, Equipment Net 2,819,000.00 2,747,000.00 2,685,000.00 2,578,000.00 2,650,000.00
      Goodwill 12,629,000.00 7,660,000.00 7,722,000.00 10,504,000.00 5,804,000.00
      Intangible Assets 5,453,000.00 4,086,000.00 3,859,000.00 3,671,000.00 1,753,000.00
      Long-Term Investments 1,607,000.00 1,729,000.00 1,730,000.00 1,834,000.00 1,172,000.00
      Non-Current Deferred Assets 1,614,000.00 1,355,000.00 1,151,000.00 486,000.00 491,000.00
      Other Non-Current Assets 4,235,000.00 5,910,000.00 4,971,000.00 1,647,000.00 2,601,000.00
Liabilities 41,566,000.00 35,451,000.00 32,347,000.00 30,257,000.00 27,067,000.00
   Current Liabilities 19,220,000.00 16,264,000.00 14,171,000.00 13,162,000.00 11,847,000.00
      Payables and Expenses 11,322,000.00 9,351,000.00 8,727,000.00 7,380,000.00 5,957,000.00
            Account Payables 929,000.00 834,000.00 926,000.00 738,000.00 527,000.00
            Current Accrued Liabilities 10,393,000.00 8,517,000.00 7,801,000.00 6,642,000.00 5,430,000.00
      Short-Term Debt 750,000.00 1,337,000.00 274,000.00 792,000.00 649,000.00
      Other Current Liabilities 7,148,000.00 5,576,000.00 5,170,000.00 4,990,000.00 5,241,000.00
   Non-Current Liabilities 22,346,000.00 19,187,000.00 18,176,000.00 17,095,000.00 15,220,000.00
      Long-Term Debt 17,476,000.00 14,344,000.00 13,749,000.00 13,109,000.00 12,023,000.00
      Other Non-Current Liabilities 4,870,000.00 4,843,000.00 4,427,000.00 3,986,000.00 3,197,000.00
Equity 6,515,000.00 6,997,000.00 6,377,000.00 7,412,000.00 6,517,000.00
   Shareholders Equity 6,485,000.00 6,929,000.00 6,298,000.00 7,312,000.00 6,391,000.00
      Capital Stock 0 0 0 0 0
      Share Premium 6,442,000.00 5,893,000.00 5,298,000.00 5,061,000.00 4,982,000.00
      Retained Earnings 72,907,000.00 62,564,000.00 53,607,000.00 45,648,000.00 38,747,000.00
      Treasury Shares 71,431,000.00 60,429,000.00 51,354,000.00 42,588,000.00 36,658,000.00
      Accumulated Other Comprehensive Income -1,433,000.00 -1,099,000.00 -1,253,000.00 -809,000.00 -680,000.00
   Minority Interest 30,000.00 46,000.00 58,000.00 71,000.00 97,000.00
Investments 330,000.00 592,000.00 400,000.00 473,000.00 483,000.00
Debt 18,226,000.00 15,681,000.00 14,023,000.00 13,901,000.00 12,672,000.00
Net Debt 9,292,000.00 7,093,000.00 6,426,000.00 5,894,000.00 1,973,000.00
Common Shares Outstanding 0 934,000.00 0 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 28,167,000.00 25,098,000.00 22,237,000.00 18,884,000.00 15,301,000.00
Operating Expenses 12,585,000.00 11,090,000.00 9,973,000.00 8,802,000.00 7,220,000.00
   Selling, General and Administrative Expenses 11,823,000.00 9,752,000.00 8,867,000.00 7,982,000.00 6,567,000.00
   Other Operating Expenses 762,000.00 1,338,000.00 1,106,000.00 820,000.00 653,000.00
Operating Income 15,582,000.00 14,008,000.00 12,264,000.00 10,082,000.00 8,081,000.00
Net Non-Operating Income -328,000.00 -369,000.00 -532,000.00 225,000.00 -321,000.00
Interest Expense 646,000.00 575,000.00 471,000.00 431,000.00 380,000.00
EBT 15,254,000.00 13,639,000.00 11,732,000.00 10,307,000.00 7,760,000.00
Income Tax 2,380,000.00 2,444,000.00 1,802,000.00 1,620,000.00 1,349,000.00
Equity Method Investments Income 0 -61,000.00 -145,000.00 645,000.00 30,000.00
Net Income Including Non-Controlling Interests 51,496,000.00 33,585,000.00 29,790,000.00 26,061,000.00 19,233,000.00
Net Income Non-Controlling Interests 16,000.00 12,000.00 13,000.00 9,000.00 -73,000.00
Net Income 0 0 0 0 0
EBIT 15,900,000.00 14,214,000.00 12,203,000.00 10,738,000.00 8,140,000.00
Deprecation and Amortization 897,000.00 799,000.00 750,000.00 726,000.00 580,000.00
EBITDA 16,797,000.00 15,013,000.00 12,953,000.00 11,464,000.00 8,720,000.00
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 925,000.00 944,000.00 968,000.00 988,000.00 1,002,000.00
Average Shares Outstanding Diluted 927,000.00 946,000.00 971,000.00 992,000.00 1,006,000.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 14,780,000.00 11,980,000.00 11,195,000.00 9,463,000.00 7,224,000.00
   Operating Net Income 51,496,000.00 33,585,000.00 29,790,000.00 26,061,000.00 19,233,000.00
   Deprecation and Amortization 897,000.00 799,000.00 750,000.00 726,000.00 580,000.00
   Deferred Income Tax -527,000.00 -236,000.00 -651,000.00 -69,000.00 73,000.00
   Share Based Compensation 526,000.00 460,000.00 295,000.00 273,000.00 254,000.00
   Change in Working Capital 4,630,000.00 3,130,000.00 3,297,000.00 3,897,000.00 1,525,000.00
   Other Operating Activities -42,242,000.00 -25,758,000.00 -22,286,000.00 -21,425,000.00 -14,441,000.00
Investing Cash Flow -3,402,000.00 -1,351,000.00 -1,470,000.00 -5,272,000.00 -1,879,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 1,194,000.00 1,088,000.00 1,097,000.00 407,000.00 708,000.00
   Net Purchase/Sale of Investments Net 1,350,000.00 741,000.00 800,000.00 1,026,000.00 258,000.00
   Net Purchase/Sale of Business 2,636,000.00 44,000.00 320,000.00 4,622,000.00 989,000.00
   Other Investing Activities -8,582,000.00 -3,224,000.00 -3,687,000.00 -11,327,000.00 -3,834,000.00
Financing Cash Flow -10,836,000.00 -9,488,000.00 -10,328,000.00 -6,555,000.00 -2,152,000.00
   Net Issuance/Repayment of Debt 5,296,000.00 1,554,000.00 2,547,000.00 2,674,000.00 3,959,000.00
   Net Issuance/Repurchase of Equity 11,259,000.00 9,269,000.00 8,843,000.00 5,965,000.00 4,570,000.00
   Dividends Paid 2,448,000.00 2,158,000.00 1,903,000.00 1,741,000.00 1,605,000.00
   Other Financing Activities -29,839,000.00 -22,469,000.00 -23,621,000.00 -16,935,000.00 -12,286,000.00
Net Change in Cash 343,000.00 1,269,000.00 -706,000.00 -2,517,000.00 3,450,000.00
   Cash at Beginning of Period 10,465,000.00 9,196,000.00 9,902,000.00 12,419,000.00 8,969,000.00
   Cash at End of Period 10,808,000.00 10,465,000.00 9,196,000.00 9,902,000.00 12,419,000.00
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 53,289,000.00 51,431,000.00 48,470,000.00 48,081,000.00 47,237,000.00 42,333,000.00 42,602,000.00 42,448,000.00 39,674,000.00 39,004,000.00 38,936,000.00 38,724,000.00 37,612,000.00 36,231,000.00 37,163,000.00 37,669,000.00 35,410,000.00 34,911,000.00 34,800,000.00 33,584,000.00
   Current Assets 23,223,000.00 22,140,000.00 19,804,000.00 19,724,000.00 22,300,000.00 17,780,000.00 18,424,000.00 18,961,000.00 16,983,000.00 16,530,000.00 16,420,000.00 16,606,000.00 16,823,000.00 15,211,000.00 15,953,000.00 16,949,000.00 15,382,000.00 15,079,000.00 16,405,000.00 19,113,000.00
   Deposits 2,054,000.00 1,999,000.00 1,900,000.00 1,874,000.00 1,868,000.00 1,772,000.00 1,861,000.00 1,845,000.00 1,824,000.00 1,723,000.00 1,608,000.00 1,568,000.00 1,531,000.00 1,621,000.00 1,730,000.00 1,873,000.00 1,832,000.00 1,806,000.00 1,759,000.00 1,696,000.00
      Cash and Short-Term Investments 10,791,000.00 9,573,000.00 8,082,000.00 8,934,000.00 11,063,000.00 6,996,000.00 7,293,000.00 8,588,000.00 6,890,000.00 6,768,000.00 7,162,000.00 7,597,000.00 8,219,000.00 6,505,000.00 7,464,000.00 8,007,000.00 6,992,000.00 6,802,000.00 7,832,000.00 10,699,000.00
            Cash and Cash Equivalents 10,791,000.00 9,573,000.00 8,082,000.00 8,934,000.00 11,063,000.00 6,996,000.00 7,293,000.00 8,588,000.00 6,890,000.00 6,768,000.00 7,162,000.00 7,597,000.00 8,219,000.00 6,505,000.00 7,464,000.00 8,007,000.00 6,992,000.00 6,802,000.00 7,832,000.00 10,699,000.00
            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 4,247,000.00 4,184,000.00 3,965,000.00 3,773,000.00 4,014,000.00 4,195,000.00 4,231,000.00 4,060,000.00 3,925,000.00 3,763,000.00 3,511,000.00 3,425,000.00 3,167,000.00 3,175,000.00 2,889,000.00 3,006,000.00 2,820,000.00 2,773,000.00 2,648,000.00 2,646,000.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 8,185,000.00 8,383,000.00 7,757,000.00 7,017,000.00 7,223,000.00 6,589,000.00 6,900,000.00 6,313,000.00 6,168,000.00 5,999,000.00 5,747,000.00 5,584,000.00 5,437,000.00 5,531,000.00 5,600,000.00 5,936,000.00 5,570,000.00 5,504,000.00 5,925,000.00 5,768,000.00
   Non-Current Assets 30,066,000.00 29,291,000.00 28,666,000.00 28,357,000.00 24,937,000.00 24,553,000.00 24,178,000.00 23,487,000.00 22,691,000.00 22,474,000.00 22,516,000.00 22,118,000.00 20,789,000.00 21,020,000.00 21,210,000.00 20,720,000.00 20,028,000.00 19,832,000.00 18,395,000.00 14,471,000.00
      Property, Plant, Equipment Net 2,299,000.00 2,225,000.00 2,171,000.00 2,819,000.00 2,176,000.00 2,148,000.00 2,077,000.00 2,747,000.00 1,972,000.00 1,986,000.00 2,006,000.00 2,685,000.00 1,951,000.00 1,950,000.00 1,957,000.00 2,578,000.00 1,860,000.00 1,839,000.00 1,850,000.00 2,650,000.00
      Goodwill 9,574,000.00 9,598,000.00 9,352,000.00 12,629,000.00 7,721,000.00 7,563,000.00 7,545,000.00 7,660,000.00 7,488,000.00 7,579,000.00 7,575,000.00 7,722,000.00 7,176,000.00 7,519,000.00 7,625,000.00 10,504,000.00 10,264,000.00 10,353,000.00 7,051,000.00 5,804,000.00
      Intangible Assets 5,591,000.00 5,629,000.00 5,533,000.00 5,453,000.00 4,235,000.00 4,149,000.00 4,123,000.00 4,086,000.00 4,022,000.00 4,049,000.00 4,027,000.00 3,859,000.00 3,582,000.00 3,676,000.00 3,675,000.00 3,671,000.00 3,561,000.00 3,613,000.00 3,321,000.00 1,753,000.00
      Long-Term Investments 1,685,000.00 1,638,000.00 1,598,000.00 1,607,000.00 1,601,000.00 1,709,000.00 1,737,000.00 1,729,000.00 1,650,000.00 1,664,000.00 1,503,000.00 1,730,000.00 1,678,000.00 1,634,000.00 1,772,000.00 1,834,000.00 1,684,000.00 1,595,000.00 1,305,000.00 1,172,000.00
      Non-Current Deferred Assets 1,546,000.00 1,570,000.00 1,575,000.00 1,614,000.00 1,612,000.00 1,423,000.00 1,329,000.00 1,355,000.00 1,370,000.00 1,121,000.00 1,267,000.00 1,151,000.00 1,069,000.00 920,000.00 795,000.00 486,000.00 471,000.00 454,000.00 459,000.00 491,000.00
      Other Non-Current Assets 9,371,000.00 8,631,000.00 8,437,000.00 4,235,000.00 7,592,000.00 7,561,000.00 7,367,000.00 5,910,000.00 6,189,000.00 6,075,000.00 6,138,000.00 4,971,000.00 5,333,000.00 5,321,000.00 5,386,000.00 1,647,000.00 2,188,000.00 1,978,000.00 4,409,000.00 2,601,000.00
Liabilities 45,370,000.00 43,557,000.00 41,774,000.00 41,566,000.00 39,739,000.00 34,851,000.00 35,294,000.00 35,451,000.00 33,293,000.00 33,425,000.00 33,529,000.00 32,347,000.00 31,169,000.00 29,969,000.00 30,033,000.00 30,257,000.00 28,608,000.00 28,342,000.00 28,347,000.00 27,067,000.00
   Current Liabilities 20,693,000.00 19,029,000.00 17,828,000.00 19,220,000.00 17,294,000.00 15,594,000.00 16,905,000.00 16,264,000.00 14,519,000.00 14,636,000.00 13,651,000.00 14,171,000.00 13,476,000.00 12,085,000.00 11,928,000.00 13,162,000.00 11,561,000.00 11,297,000.00 11,475,000.00 11,847,000.00
      Payables and Expenses 12,914,000.00 10,934,000.00 10,256,000.00 11,322,000.00 10,016,000.00 8,842,000.00 8,852,000.00 9,351,000.00 8,364,000.00 7,760,000.00 8,045,000.00 8,727,000.00 7,503,000.00 6,744,000.00 6,620,000.00 7,380,000.00 6,521,000.00 6,111,000.00 5,676,000.00 5,957,000.00
            Account Payables 935,000.00 818,000.00 993,000.00 929,000.00 911,000.00 835,000.00 790,000.00 834,000.00 589,000.00 643,000.00 735,000.00 926,000.00 615,000.00 633,000.00 666,000.00 738,000.00 557,000.00 547,000.00 476,000.00 527,000.00
            Current Accrued Liabilities 11,979,000.00 10,116,000.00 9,263,000.00 10,393,000.00 9,105,000.00 8,007,000.00 8,062,000.00 8,517,000.00 7,775,000.00 7,117,000.00 7,310,000.00 7,801,000.00 6,888,000.00 6,111,000.00 5,954,000.00 6,642,000.00 5,964,000.00 5,564,000.00 5,200,000.00 5,430,000.00
      Short-Term Debt 0 0 0 750,000.00 750,000.00 1,086,000.00 2,086,000.00 1,337,000.00 1,337,000.00 1,336,000.00 276,000.00 274,000.00 957,000.00 735,000.00 778,000.00 792,000.00 650,000.00 649,000.00 649,000.00 649,000.00
      Other Current Liabilities 7,779,000.00 8,095,000.00 7,572,000.00 7,148,000.00 6,528,000.00 5,666,000.00 5,967,000.00 5,576,000.00 4,818,000.00 5,540,000.00 5,330,000.00 5,170,000.00 5,016,000.00 4,606,000.00 4,530,000.00 4,990,000.00 4,390,000.00 4,537,000.00 5,150,000.00 5,241,000.00
   Non-Current Liabilities 24,677,000.00 24,528,000.00 23,946,000.00 22,346,000.00 22,445,000.00 19,257,000.00 18,389,000.00 19,187,000.00 18,774,000.00 18,789,000.00 19,878,000.00 18,176,000.00 17,693,000.00 17,884,000.00 18,105,000.00 17,095,000.00 17,047,000.00 17,045,000.00 16,872,000.00 15,220,000.00
      Long-Term Debt 18,983,000.00 18,970,000.00 18,802,000.00 17,476,000.00 17,608,000.00 14,519,000.00 13,543,000.00 14,344,000.00 14,229,000.00 14,284,000.00 15,292,000.00 13,749,000.00 13,577,000.00 13,746,000.00 13,868,000.00 13,109,000.00 13,211,000.00 13,250,000.00 13,221,000.00 12,023,000.00
      Other Non-Current Liabilities 5,694,000.00 5,558,000.00 5,144,000.00 4,870,000.00 4,837,000.00 4,738,000.00 4,846,000.00 4,843,000.00 4,545,000.00 4,505,000.00 4,586,000.00 4,427,000.00 4,116,000.00 4,138,000.00 4,237,000.00 3,986,000.00 3,836,000.00 3,795,000.00 3,651,000.00 3,197,000.00
Equity 7,919,000.00 7,874,000.00 6,696,000.00 6,515,000.00 7,498,000.00 7,482,000.00 7,308,000.00 6,997,000.00 6,381,000.00 5,579,000.00 5,407,000.00 6,377,000.00 6,443,000.00 6,262,000.00 7,130,000.00 7,412,000.00 6,802,000.00 6,569,000.00 6,453,000.00 6,517,000.00
   Shareholders Equity 7,904,000.00 7,853,000.00 6,671,000.00 6,485,000.00 7,440,000.00 7,421,000.00 7,243,000.00 6,929,000.00 6,311,000.00 5,504,000.00 5,330,000.00 6,298,000.00 6,361,000.00 6,171,000.00 7,034,000.00 7,312,000.00 6,703,000.00 6,442,000.00 6,327,000.00 6,391,000.00
      Capital Stock 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Share Premium 6,757,000.00 6,562,000.00 6,326,000.00 6,442,000.00 6,290,000.00 6,089,000.00 5,920,000.00 5,893,000.00 5,791,000.00 5,622,000.00 5,376,000.00 5,298,000.00 5,269,000.00 5,163,000.00 5,026,000.00 5,061,000.00 5,026,000.00 5,053,000.00 4,949,000.00 4,982,000.00
      Retained Earnings 81,752,000.00 78,509,000.00 75,495,000.00 72,907,000.00 70,258,000.00 67,604,000.00 64,959,000.00 62,564,000.00 60,390,000.00 57,730,000.00 55,424,000.00 53,607,000.00 51,625,000.00 49,599,000.00 47,800,000.00 45,648,000.00 43,750,000.00 41,771,000.00 40,140,000.00 38,747,000.00
      Treasury Shares 79,670,000.00 76,299,000.00 73,995,000.00 71,431,000.00 68,035,000.00 65,067,000.00 62,434,000.00 60,429,000.00 58,573,000.00 56,659,000.00 54,241,000.00 51,354,000.00 48,916,000.00 47,359,000.00 44,994,000.00 42,588,000.00 41,282,000.00 39,729,000.00 38,024,000.00 36,658,000.00
      Accumulated Other Comprehensive Income -935,000.00 -919,000.00 -1,155,000.00 -1,433,000.00 -1,073,000.00 -1,205,000.00 -1,202,000.00 -1,099,000.00 -1,297,000.00 -1,189,000.00 -1,229,000.00 -1,253,000.00 -1,617,000.00 -1,232,000.00 -798,000.00 -809,000.00 -791,000.00 -653,000.00 -738,000.00 -680,000.00
   Minority Interest 15,000.00 21,000.00 25,000.00 30,000.00 35,000.00 39,000.00 43,000.00 46,000.00 49,000.00 53,000.00 56,000.00 58,000.00 62,000.00 65,000.00 68,000.00 71,000.00 70,000.00 98,000.00 98,000.00 97,000.00
Investments 335,000.00 336,000.00 319,000.00 330,000.00 338,000.00 362,000.00 364,000.00 592,000.00 602,000.00 344,000.00 402,000.00 400,000.00 412,000.00 438,000.00 449,000.00 473,000.00 510,000.00 544,000.00 489,000.00 483,000.00
Debt 18,983,000.00 18,970,000.00 18,802,000.00 18,226,000.00 18,358,000.00 15,605,000.00 15,629,000.00 15,681,000.00 15,566,000.00 15,620,000.00 15,568,000.00 14,023,000.00 14,534,000.00 14,481,000.00 14,646,000.00 13,901,000.00 13,861,000.00 13,899,000.00 13,870,000.00 12,672,000.00
Net Debt 8,192,000.00 9,397,000.00 10,720,000.00 9,292,000.00 7,295,000.00 8,609,000.00 8,336,000.00 7,093,000.00 8,676,000.00 8,852,000.00 8,406,000.00 6,426,000.00 6,315,000.00 7,976,000.00 7,182,000.00 5,894,000.00 6,869,000.00 7,097,000.00 6,038,000.00 1,973,000.00
Common Shares Outstanding 0 0 0 0 0 0 931,000.00 934,000.00 939,000.00 943,000.00 948,000.00 0 0 0 0 0 0 0 992,000.00 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
Revenues 23,985,000.00 15,383,000.00 7,250,000.00 -12,168,000.00 20,678,000.00 13,309,000.00 6,348,000.00 -11,217,000.00 18,550,000.00 12,017,000.00 5,748,000.00 -10,014,000.00 16,420,000.00 10,664,000.00 5,167,000.00 -7,622,000.00 13,668,000.00 8,683,000.00 4,155,000.00
Operating Expenses 9,998,000.00 6,457,000.00 3,101,000.00 -4,862,000.00 9,034,000.00 5,669,000.00 2,744,000.00 -4,661,000.00 7,914,000.00 5,225,000.00 2,612,000.00 -4,280,000.00 7,340,000.00 4,696,000.00 2,217,000.00 -3,714,000.00 6,413,000.00 4,145,000.00 1,958,000.00
   Selling, General and Administrative Expenses 9,432,000.00 6,019,000.00 2,827,000.00 -3,551,000.00 7,968,000.00 5,004,000.00 2,402,000.00 -4,158,000.00 7,089,000.00 4,611,000.00 2,210,000.00 -3,773,000.00 6,433,000.00 4,182,000.00 2,025,000.00 -3,324,000.00 5,782,000.00 3,729,000.00 1,795,000.00
   Other Operating Expenses 566,000.00 438,000.00 274,000.00 -1,311,000.00 1,066,000.00 665,000.00 342,000.00 -503,000.00 825,000.00 614,000.00 402,000.00 -507,000.00 907,000.00 514,000.00 192,000.00 -390,000.00 631,000.00 416,000.00 163,000.00
Operating Income 13,987,000.00 8,926,000.00 4,149,000.00 -7,306,000.00 11,644,000.00 7,640,000.00 3,604,000.00 -6,556,000.00 10,636,000.00 6,792,000.00 3,136,000.00 -5,734,000.00 9,080,000.00 5,968,000.00 2,950,000.00 -3,908,000.00 7,255,000.00 4,538,000.00 2,197,000.00
Net Non-Operating Income -285,000.00 -223,000.00 -118,000.00 142,000.00 -281,000.00 -143,000.00 -46,000.00 467,000.00 -318,000.00 -235,000.00 -283,000.00 479,000.00 -437,000.00 -397,000.00 -177,000.00 -127,000.00 229,000.00 130,000.00 -7,000.00
Interest Expense 563,000.00 377,000.00 182,000.00 -269,000.00 462,000.00 303,000.00 150,000.00 -260,000.00 427,000.00 276,000.00 132,000.00 -207,000.00 344,000.00 224,000.00 110,000.00 -212,000.00 323,000.00 213,000.00 107,000.00
EBT 13,702,000.00 8,703,000.00 4,031,000.00 -7,164,000.00 11,363,000.00 7,497,000.00 3,558,000.00 -6,089,000.00 10,318,000.00 6,557,000.00 2,853,000.00 -5,255,000.00 8,643,000.00 5,571,000.00 2,773,000.00 -4,035,000.00 7,484,000.00 4,668,000.00 2,190,000.00
Income Tax 2,794,000.00 1,722,000.00 751,000.00 -1,226,000.00 1,831,000.00 1,228,000.00 547,000.00 -1,313,000.00 1,914,000.00 1,351,000.00 492,000.00 -243,000.00 1,238,000.00 665,000.00 142,000.00 -692,000.00 1,176,000.00 774,000.00 362,000.00
Equity Method Investments Income 0 0 0 0 -69,000.00 -7,000.00 6,000.00 335,000.00 -95,000.00 -89,000.00 -212,000.00 257,000.00 -133,000.00 -193,000.00 -76,000.00 -320,000.00 534,000.00 337,000.00 94,000.00
Net Income Including Non-Controlling Interests 43,632,000.00 27,924,000.00 13,120,000.00 -4,940,000.00 28,596,000.00 18,807,000.00 9,033,000.00 -14,328,000.00 25,212,000.00 15,618,000.00 7,083,000.00 -15,036,000.00 22,215,000.00 14,718,000.00 7,893,000.00 -10,029,000.00 18,924,000.00 11,682,000.00 5,484,000.00
Net Income Non-Controlling Interests 15,000.00 9,000.00 5,000.00 -5,000.00 11,000.00 7,000.00 3,000.00 -4,000.00 9,000.00 5,000.00 2,000.00 -5,000.00 9,000.00 6,000.00 3,000.00 0.00 11,000.00 -1,000.00 -1,000.00
Net Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
EBIT 14,265,000.00 9,080,000.00 4,213,000.00 -7,433,000.00 11,825,000.00 7,800,000.00 3,708,000.00 -6,349,000.00 10,745,000.00 6,833,000.00 2,985,000.00 -5,462,000.00 8,987,000.00 5,795,000.00 2,883,000.00 -4,247,000.00 7,807,000.00 4,881,000.00 2,297,000.00
Deprecation and Amortization 846,000.00 556,000.00 275,000.00 -426,000.00 666,000.00 441,000.00 216,000.00 -369,000.00 594,000.00 383,000.00 191,000.00 -389,000.00 566,000.00 381,000.00 192,000.00 -323,000.00 537,000.00 349,000.00 163,000.00
EBITDA 15,111,000.00 9,636,000.00 4,488,000.00 -7,859,000.00 12,491,000.00 8,241,000.00 3,924,000.00 -6,718,000.00 11,339,000.00 7,216,000.00 3,176,000.00 -5,851,000.00 9,553,000.00 6,176,000.00 3,075,000.00 -4,570,000.00 8,344,000.00 5,230,000.00 2,460,000.00
EPS 0.01 0.01 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.00 0.00
Diluted EPS 0.01 0.01 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.01 0.00 0.00 0.01 0.00 0.00
Average Shares Outstanding Basic 908,000.00 910,000.00 912,000.00 908,000.00 928,000.00 931,000.00 933,000.00 927,000.00 947,000.00 949,000.00 953,000.00 950,000.00 971,000.00 974,000.00 977,000.00 976,000.00 990,000.00 992,000.00 994,000.00
Average Shares Outstanding Diluted 909,000.00 911,000.00 914,000.00 910,000.00 930,000.00 933,000.00 935,000.00 927,000.00 949,000.00 952,000.00 956,000.00 952,000.00 974,000.00 977,000.00 981,000.00 980,000.00 994,000.00 996,000.00 998,000.00
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 12,646,000.00 6,983,000.00 2,380,000.00 -1,648,000.00 9,946,000.00 4,810,000.00 1,672,000.00 -2,406,000.00 7,850,000.00 4,617,000.00 1,919,000.00 -2,921,000.00 8,095,000.00 4,239,000.00 1,782,000.00 -2,005,000.00 6,274,000.00 3,731,000.00 1,463,000.00
   Operating Net Income 43,632,000.00 27,924,000.00 13,120,000.00 -4,940,000.00 28,596,000.00 18,807,000.00 9,033,000.00 -14,328,000.00 25,212,000.00 15,618,000.00 7,083,000.00 -15,036,000.00 22,215,000.00 14,718,000.00 7,893,000.00 -10,029,000.00 18,924,000.00 11,682,000.00 5,484,000.00
   Deprecation and Amortization 846,000.00 556,000.00 275,000.00 -426,000.00 666,000.00 441,000.00 216,000.00 -369,000.00 594,000.00 383,000.00 191,000.00 -389,000.00 566,000.00 381,000.00 192,000.00 -323,000.00 537,000.00 349,000.00 163,000.00
   Deferred Income Tax 77,000.00 81,000.00 37,000.00 -176,000.00 -261,000.00 -93,000.00 3,000.00 108,000.00 -239,000.00 24,000.00 -129,000.00 724,000.00 -589,000.00 -466,000.00 -320,000.00 -38,000.00 -49,000.00 -15,000.00 33,000.00
   Share Based Compensation 485,000.00 308,000.00 129,000.00 -263,000.00 418,000.00 263,000.00 108,000.00 -265,000.00 374,000.00 243,000.00 108,000.00 -227,000.00 273,000.00 175,000.00 74,000.00 -185,000.00 241,000.00 152,000.00 65,000.00
   Change in Working Capital 2,983,000.00 1,376,000.00 475,000.00 -1,558,000.00 3,358,000.00 1,743,000.00 1,087,000.00 1,050,000.00 2,001,000.00 372,000.00 -293,000.00 1,448,000.00 2,033,000.00 593,000.00 -777,000.00 -242,000.00 2,629,000.00 1,011,000.00 499,000.00
   Other Operating Activities -35,377,000.00 -23,262,000.00 -11,656,000.00 5,715,000.00 -22,831,000.00 -16,351,000.00 -8,775,000.00 11,398,000.00 -20,092,000.00 -12,023,000.00 -5,041,000.00 10,559,000.00 -16,403,000.00 -11,162,000.00 -5,280,000.00 8,812,000.00 -16,008,000.00 -9,448,000.00 -4,781,000.00
Investing Cash Flow -941,000.00 -567,000.00 -340,000.00 -2,036,000.00 -724,000.00 -468,000.00 -174,000.00 798,000.00 -1,137,000.00 -615,000.00 -397,000.00 749,000.00 -1,120,000.00 -812,000.00 -287,000.00 7,824,000.00 -4,834,000.00 -4,702,000.00 -3,560,000.00
   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 925,000.00 566,000.00 357,000.00 -802,000.00 944,000.00 674,000.00 378,000.00 -668,000.00 819,000.00 585,000.00 352,000.00 -436,000.00 758,000.00 481,000.00 294,000.00 -660,000.00 586,000.00 337,000.00 144,000.00
   Net Purchase/Sale of Investments Net 830,000.00 535,000.00 257,000.00 -995,000.00 1,153,000.00 724,000.00 468,000.00 -584,000.00 660,000.00 466,000.00 199,000.00 -366,000.00 576,000.00 416,000.00 174,000.00 -92,000.00 791,000.00 234,000.00 93,000.00
   Net Purchase/Sale of Business 0 0 0 2,590,000.00 23,000.00 23,000.00 0 -88,000.00 44,000.00 44,000.00 44,000.00 -319,000.00 320,000.00 319,000.00 0 -7,324,000.00 4,382,000.00 4,200,000.00 3,364,000.00
   Other Investing Activities -2,696,000.00 -1,668,000.00 -954,000.00 -2,829,000.00 -2,844,000.00 -1,889,000.00 -1,020,000.00 2,138,000.00 -2,660,000.00 -1,710,000.00 -992,000.00 1,870,000.00 -2,774,000.00 -2,028,000.00 -755,000.00 15,900,000.00 -10,593,000.00 -9,473,000.00 -7,161,000.00
Financing Cash Flow -9,993,000.00 -5,993,000.00 -2,987,000.00 4,578,000.00 -6,795,000.00 -5,938,000.00 -2,681,000.00 4,339,000.00 -7,138,000.00 -4,734,000.00 -1,955,000.00 3,515,000.00 -6,714,000.00 -4,975,000.00 -2,154,000.00 1,790,000.00 -4,938,000.00 -2,801,000.00 -606,000.00
   Net Issuance/Repayment of Debt 1,992,000.00 1,992,000.00 1,992,000.00 -1,983,000.00 5,296,000.00 1,983,000.00 0 -3,039,000.00 1,554,000.00 1,550,000.00 1,489,000.00 -266,000.00 1,127,000.00 843,000.00 843,000.00 -1,172,000.00 1,282,000.00 1,282,000.00 1,282,000.00
   Net Issuance/Repurchase of Equity 8,308,000.00 4,955,000.00 2,590,000.00 -3,304,000.00 7,728,000.00 4,746,000.00 2,089,000.00 -6,541,000.00 7,413,000.00 5,466,000.00 2,931,000.00 -4,865,000.00 6,416,000.00 4,856,000.00 2,436,000.00 -3,208,000.00 4,683,000.00 3,111,000.00 1,379,000.00
   Dividends Paid 2,072,000.00 1,385,000.00 694,000.00 -1,241,000.00 1,842,000.00 1,231,000.00 616,000.00 -1,097,000.00 1,624,000.00 1,086,000.00 545,000.00 -962,000.00 1,430,000.00 956,000.00 479,000.00 -878,000.00 1,307,000.00 873,000.00 439,000.00
   Other Financing Activities -22,365,000.00 -14,325,000.00 -8,263,000.00 11,106,000.00 -21,661,000.00 -13,898,000.00 -5,386,000.00 15,016,000.00 -17,729,000.00 -12,836,000.00 -6,920,000.00 9,608,000.00 -15,687,000.00 -11,630,000.00 -5,912,000.00 7,048,000.00 -12,210,000.00 -8,067,000.00 -3,706,000.00
Net Change in Cash 2,037,000.00 764,000.00 -826,000.00 782,000.00 2,502,000.00 -1,663,000.00 -1,278,000.00 2,794,000.00 -454,000.00 -675,000.00 -396,000.00 1,857,000.00 -126,000.00 -1,750,000.00 -687,000.00 7,661,000.00 -3,578,000.00 -3,796,000.00 -2,804,000.00
   Cash at Beginning of Period 10,808,000.00 10,808,000.00 10,808,000.00 10,026,000.00 10,465,000.00 10,465,000.00 10,465,000.00 7,671,000.00 9,196,000.00 9,196,000.00 9,196,000.00 7,339,000.00 9,902,000.00 9,902,000.00 9,902,000.00 2,241,000.00 12,419,000.00 12,419,000.00 12,419,000.00
   Cash at End of Period 12,845,000.00 11,572,000.00 9,982,000.00 10,808,000.00 12,967,000.00 8,802,000.00 9,187,000.00 10,465,000.00 8,742,000.00 8,521,000.00 8,800,000.00 9,196,000.00 9,776,000.00 8,152,000.00 9,215,000.00 9,902,000.00 8,841,000.00 8,623,000.00 9,615,000.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0