MARA
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Price to Earnings | 8.97 | 16.66 | -0.57 | -91.28 | |
| Price to Sales | 7.41 | 11.14 | 3.30 | 21.69 | 196.24 |
| Book Value Per Common Share | 12.14 | 6.65 | 2.65 | 6.65 | 3.80 |
| Price to Book | 1.38 | 3.53 | 1.29 | 4.94 | 2.75 |
| Price to Operating Cash Flow | -7.18 | -13.68 | -2.20 | -179.17 | -110.13 |
| Price to Free Cash Flow | -5.23 | -12.58 | -1.78 | ||
| Enterprise Value to EBITDA | 54030.80 | 122021.88 | 9594472.01 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-03-31 | 2023-12-31 | 2023-03-31 | 2022-12-31 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price to Earnings | 55.33 | 6.85 | -7.42 | -38.62 | 17.37 | -174.40 | -215.00 | |||||||
| Price to Sales | 26.92 | 23.20 | 18.50 | 36.34 | 35.41 | 27.15 | 55.72 | 62.61 | 106.59 | |||||
| Book Value Per Common Share | 13.62 | 13.22 | 10.76 | 12.14 | 9.37 | 9.21 | 6.65 | 3.26 | 2.65 | 7.30 | 6.65 | 6.44 | 5.83 | 3.80 |
| Price to Book | 1.34 | 1.19 | 1.07 | 1.38 | 1.73 | 2.45 | 3.53 | 2.67 | 1.29 | 3.83 | 4.94 | 4.90 | 5.38 | 2.75 |
| Price to Operating Cash Flow | -34.13 | -33.86 | -18.36 | -29.88 | -66.22 | -48.18 | -110.61 | |||||||
| Price to Free Cash Flow | -23.93 | -19.60 | -15.56 | -24.15 | -60.05 | -30.12 | -88.42 | |||||||
| Enterprise Value to EBITDA | 202812.01 | 47693.98 | 132754.20 | 1017626.94 | 7188619.35 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Earning YoY | 32.62 | ||||
| Revenue YoY | 69.38 | 229.09 | -21.74 | 3353.03 | |
| EBITDA YoY | 125.93 | ||||
| Net Profit YoY | 107.24 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-03-31 | 2023-12-31 | 2023-03-31 | 2022-12-31 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earning YoY | -85.59 | |||||||||||||
| Revenue YoY | 5.84 | 11.50 | 62.47 | -20.31 | 223.08 | -1.13 | 0.02 | 76.34 | ||||||
| EBITDA YoY | -71.39 | 3091.54 | 247.60 | |||||||||||
| Net Profit YoY | -84.77 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Cash Per Common Share | 1.37 | 1.94 | 0.91 | 4.96 | 1.72 |
| Quick Ratio | 4.23 | 10.65 | 3.97 | 37.86 | 149.67 |
| Current Ratio | 4.94 | 30.51 | 10.63 | 49.89 | 198.38 |
| Debt to Equity | 0.64 | 0.23 | 2.10 | 1.12 | 0.00 |
| Long-Term Debt to Equity | 0.62 | 0.21 | 2.03 | 1.10 | 0.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-03-31 | 2023-12-31 | 2023-03-31 | 2022-12-31 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash Per Common Share | 2.22 | 0.31 | 0.58 | 1.16 | 0.56 | 1.25 | 1.47 | 0.78 | 0.71 | 3.27 | 4.79 | 2.36 | 3.39 | 1.72 |
| Quick Ratio | 1.87 | 0.32 | 0.56 | 4.23 | 2.79 | 4.68 | 10.65 | 5.25 | 3.97 | 24.76 | 37.86 | 149.67 | ||
| Current Ratio | 2.09 | 0.54 | 0.79 | 4.94 | 4.00 | 23.07 | 30.51 | 16.22 | 10.63 | 40.00 | 49.89 | 141.32 | 147.00 | 198.38 |
| Debt to Equity | 0.77 | 0.61 | 0.73 | 0.64 | 0.25 | 0.19 | 0.23 | 1.39 | 2.10 | 0.99 | 1.12 | 0.01 | 0.01 | 0.00 |
| Long-Term Debt to Equity | 0.68 | 0.52 | 0.63 | 0.62 | 0.23 | 0.17 | 0.21 | 1.35 | 2.03 | 0.97 | 1.10 | 0.00 | 0.00 | 0.00 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| ROA | 7.96 | 13.12 | -57.46 | -2.50 | -3.34 |
| ROE | 13.09 | 16.16 | -177.94 | -5.30 | -3.35 |
| Gross Margin | -85.79 | -50.28 | -95.44 | -60.67 | |
| Operating Margin | 95.91 | 74.31 | -589.03 | -7.70 | -239.29 |
| EBITDA Margin | 160.90 | 120.63 | -522.19 | 2.34 | -166.74 |
| Net Profit Margin | 82.46 | 67.40 | -583.20 | -24.04 | -239.77 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-03-31 | 2023-12-31 | 2023-03-31 | 2022-12-31 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROA | 1.35 | 10.47 | -8.27 | -3.49 | 11.40 | -0.55 | -0.84 | -3.34 | -18.65 | |||||
| ROE | 2.38 | 16.85 | -14.30 | -4.37 | 13.61 | -1.33 | -1.67 | -3.36 | -18.76 | |||||
| Gross Margin | 82.93 | 82.50 | 26.18 | -50.91 | -49.03 | -34.64 | 48.97 | |||||||
| Operating Margin | 68.77 | 431.70 | -300.48 | -130.35 | 227.90 | -6.65 | -27.92 | -42.88 | -371.34 | |||||
| EBITDA Margin | 135.05 | 499.52 | -226.65 | -54.02 | 276.91 | 28.03 | 7.97 | -34.53 | -361.39 | |||||
| Net Profit Margin | 48.78 | 338.90 | -249.29 | -94.79 | 204.10 | -14.15 | -25.06 | -42.88 | -371.34 |
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 | 2024-03-31 | 2023-12-31 | 2023-03-31 | 2022-12-31 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 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 | 6,801,317.00 | 1,990,973.00 | 1,195,244.00 | 1,448,244.42 | 313,251.24 |
| Current Assets | 470,373.00 | 1,029,803.00 | 277,548.00 | 688,150.19 | 286,409.22 |
| Deposits | 18,778.00 | 7,240.00 | 2,350.00 | 34,458.35 | 0 |
| Cash and Short-Term Investments | 396,098.00 | 357,313.00 | 103,705.00 | 492,300.56 | 141,322.78 |
| Cash and Cash Equivalents | 391,771.00 | 357,313.00 | 103,705.00 | 268,522.02 | 141,322.78 |
| Short-Term Investments | 4,327.00 | 0 | 0 | 223,778.55 | 0 |
| Net Receivables | 6,345.00 | 2,091.00 | 18.00 | 30,000.00 | 74,767.23 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 67,930.00 | 670,399.00 | 173,825.00 | 165,849.63 | 70,319.21 |
| Non-Current Assets | 6,330,944.00 | 961,170.00 | 917,696.00 | 760,094.23 | 26,842.02 |
| Property, Plant, Equipment Net | 1,566,365.00 | 672,215.00 | 274,302.00 | 276,242.79 | 17,424.62 |
| Goodwill | 82,751.00 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2,714.00 | 0 | 0 | 931.23 | 1,002.40 |
| Long-Term Investments | 3,345,287.00 | 95,589.00 | 488,299.00 | 3,000.00 | 0 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1,333,827.00 | 193,366.00 | 155,095.00 | 479,920.21 | 8,415.00 |
| Liabilities | 2,665,375.00 | 375,052.00 | 809,301.00 | 765,221.04 | 1,506.28 |
| Current Liabilities | 95,197.00 | 33,758.00 | 26,113.00 | 13,794.40 | 1,443.78 |
| Payables and Expenses | 89,443.00 | 33,634.00 | 24,616.00 | 12,927.14 | 999.74 |
| Account Payables | 12,556.00 | 11,619.00 | 2,322.00 | 0 | 0 |
| Current Accrued Liabilities | 76,887.00 | 22,015.00 | 22,294.00 | 0 | 0 |
| Short-Term Debt | 407.00 | 124.00 | 326.00 | 0 | 121.60 |
| Other Current Liabilities | 5,347.00 | 0.00 | 1,171.00 | 867.26 | 322.44 |
| Non-Current Liabilities | 2,570,178.00 | 341,294.00 | 783,188.00 | 751,426.64 | 62.50 |
| Long-Term Debt | 2,273,264.00 | 326,008.00 | 783,188.00 | 728,405.92 | 62.50 |
| Other Non-Current Liabilities | 296,914.00 | 15,286.00 | 0.00 | 23,020.72 | 0.00 |
| Equity | 4,135,942.00 | 1,615,921.00 | 385,943.00 | 683,023.38 | 311,744.96 |
| Shareholders Equity | 4,129,033.00 | 1,615,921.00 | 385,943.00 | 683,023.38 | 311,744.96 |
| Capital Stock | 34.00 | 24.00 | 15.00 | 10.27 | 8.20 |
| Share Premium | 4,155,386.00 | 2,183,537.00 | 1,226,267.00 | 835,693.61 | 428,242.76 |
| Retained Earnings | -26,387.00 | -567,640.00 | -840,339.00 | -152,229.78 | -116,055.28 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | -450.72 | -450.72 |
| Minority Interest | 6,909.00 | 0 | 0 | 0 | 0 |
| Investments | 3,461,107.00 | 201,881.00 | 525,299.00 | 226,778.55 | 0 |
| Debt | 2,273,671.00 | 326,132.00 | 783,514.00 | 728,405.92 | 184.10 |
| Net Debt | 1,877,573.00 | 0 | 679,809.00 | 236,105.36 | 0 |
| Common Shares Outstanding | 340,258.45 | 242,829.39 | 145,565.92 | 102,733.27 | 81,974.62 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Revenues | 656,378.00 | 387,508.00 | 117,753.00 | 150,463.77 | 4,357.44 |
| Cost Of Revenue | 1,219,457.00 | 582,364.00 | 230,135.00 | 0 | 7,001.13 |
| Gross Profit | -563,079.00 | -194,856.00 | -112,382.00 | 0 | -2,643.68 |
| Operating Expenses | -869,190.00 | -415,767.00 | 551,486.00 | 235,551.50 | 7,189.42 |
| Selling, General and Administrative Expenses | 272,078.00 | 95,230.00 | 56,739.00 | 7,484.97 | 182.07 |
| Research and Development Expenses | 13,229.00 | 0 | 0 | 0 | 0 |
| Other Operating Expenses | -1,154,497.00 | -510,997.00 | 494,747.00 | 228,066.53 | 7,007.35 |
| Operating Income | 306,111.00 | 220,911.00 | -663,868.00 | -85,087.73 | -9,833.10 |
| Net Non-Operating Income | 310,392.00 | 56,688.00 | -44,710.00 | 71,933.95 | -614.67 |
| Interest Income | 29,707.00 | 0 | 0 | 2,247.15 | 39.33 |
| Interest Expense | 12,996.00 | 10,350.00 | 14,980.00 | 1,569.73 | 20.98 |
| Net Interest | 16,711.00 | 0 | 0 | 677.41 | 18.34 |
| EBT | 616,503.00 | 277,599.00 | -708,578.00 | -13,153.78 | -10,447.77 |
| Income Tax | 75,495.00 | 16,426.00 | 21,838.00 | 23,020.72 | 0.00 |
| Equity Method Investments Income | 3,005.00 | 1,217.00 | 0 | 0 | 0 |
| Net Income Including Non-Controlling Interests | 541,008.00 | 0 | 0 | 0 | 0 |
| Net Income Non-Controlling Interests | 245.00 | 0 | 0 | 0 | 0 |
| Net Income | 541,253.00 | 261,173.00 | -686,740.00 | -36,174.51 | -10,447.77 |
| EBIT | 629,499.00 | 287,949.00 | -693,598.00 | -11,584.05 | -10,426.79 |
| Deprecation and Amortization | 426,625.00 | 179,513.00 | 78,709.00 | 15,102.58 | 3,161.20 |
| EBITDA | 1,056,124.00 | 467,462.00 | -614,889.00 | 3,518.53 | -7,265.59 |
| EPS | 0.00 | 0.00 | -0.01 | -0.00 | 0 |
| Diluted EPS | 0.00 | 0.00 | 0 | -0.00 | 0 |
| Average Shares Outstanding Basic | 289,961.99 | 183,855.57 | 113,467.84 | 99,337.59 | 0 |
| Average Shares Outstanding Diluted | 311,841.35 | 192,293.28 | 0 | 99,337.59 | 0 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Operating Cash Flow | -677,022.00 | -315,651.00 | -176,481.00 | -18,218.56 | -7,773.70 |
| Operating Net Income | 541,008.00 | 261,173.00 | -686,740.00 | -36,174.51 | -10,447.77 |
| Deprecation and Amortization | 426,625.00 | 179,513.00 | 78,709.00 | 15,102.58 | 3,161.20 |
| Deferred Income Tax | 73,217.00 | 15,286.00 | -22,575.00 | 37,496.20 | 0 |
| Share Based Compensation | 157,642.00 | 32,644.00 | 24,595.00 | 160,786.03 | 1,178.61 |
| Change in Working Capital | -173,890.00 | -26,247.00 | -59,988.00 | 35,084.32 | 620.74 |
| Other Operating Activities | -1,701,624.00 | -778,020.00 | 489,518.00 | -230,513.18 | -2,286.48 |
| Investing Cash Flow | -3,229,059.00 | 4,595.00 | -390,228.00 | -891,916.68 | -81,287.51 |
| Capital Expenditure | -253,458.00 | -27,611.00 | -41,108.00 | 0.00 | 0.00 |
| Net Purchase/Sale of PPE | -249,952.00 | -27,611.00 | 137,263.00 | 0 | 0 |
| Net Purchase/Sale of Investments Net | -9,956.00 | 0 | -44,000.00 | -153,000.00 | 0 |
| Net Purchase/Sale of Business | -357,284.00 | -71,795.00 | -500.00 | 0 | 0 |
| Other Investing Activities | -2,358,409.00 | 131,612.00 | -441,883.00 | -738,916.68 | -81,287.51 |
| Financing Cash Flow | 3,952,539.00 | 555,864.00 | 410,655.00 | 1,037,334.48 | 229,691.03 |
| Net Issuance/Repayment of Debt | 2,131,168.00 | -50,000.00 | 49,250.00 | 728,812.50 | 62.50 |
| Net Issuance/Repurchase of Equity | 1,886,478.00 | 621,994.00 | 361,486.00 | 326,213.88 | 230,426.89 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | -65,107.00 | -16,130.00 | -81.00 | -17,691.90 | -798.36 |
| Net Change in Cash | 46,458.00 | 244,808.00 | -156,054.00 | 127,199.24 | 140,629.81 |
| Cash at Beginning of Period | 357,313.00 | 112,505.00 | 0 | 141,322.78 | 692.96 |
| Cash at End of Period | 403,771.00 | 357,313.00 | 0 | 268,522.02 | 141,322.78 |
| Free Cash Flow | -930,480.00 | -343,262.00 | -217,589.00 | 0 | 0 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-03-31 | 2023-12-31 | 2023-03-31 | 2022-12-31 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | 9,153,377.00 | 7,721,443.00 | 6,444,446.00 | 6,801,317.00 | 3,580,149.00 | 2,956,987.00 | 1,990,973.00 | 1,303,932.00 | 1,195,244.00 | 1,538,100.25 | 1,448,244.42 | 664,340.60 | 583,863.86 | 313,251.24 |
| Current Assets | 961,922.00 | 236,455.00 | 291,826.00 | 470,373.00 | 239,372.00 | 1,640,760.00 | 1,029,803.00 | 386,308.00 | 277,548.00 | 592,585.82 | 688,150.19 | 554,559.96 | 491,650.87 | 286,409.22 |
| Deposits | 0 | 0 | 22,744.00 | 18,778.00 | 0 | 40,855.00 | 7,240.00 | 11,927.00 | 2,350.00 | 40,791.70 | 34,458.35 | 0 | 0 | 0 |
| Cash and Short-Term Investments | 826,392.00 | 109,475.00 | 199,313.00 | 396,098.00 | 164,256.00 | 324,268.00 | 357,313.00 | 124,882.00 | 103,705.00 | 336,748.23 | 492,300.56 | 241,619.37 | 337,530.92 | 141,322.78 |
| Cash and Cash Equivalents | 826,392.00 | 109,475.00 | 196,215.00 | 391,771.00 | 164,256.00 | 324,268.00 | 357,313.00 | 124,882.00 | 103,705.00 | 118,511.33 | 268,522.02 | 32,854.09 | 170,615.85 | 141,322.78 |
| Short-Term Investments | 0 | 0 | 3,098.00 | 4,327.00 | 0 | 0 | 0 | 0 | 0 | 218,236.90 | 223,778.55 | 208,765.27 | 166,915.07 | 0 |
| Net Receivables | 33,120.00 | 31,026.00 | 8,628.00 | 6,345.00 | 2,792.00 | 8,368.00 | 2,091.00 | 172.00 | 18.00 | 30,000.00 | 30,000.00 | 0 | 0 | 74,767.23 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 102,410.00 | 95,954.00 | 83,885.00 | 67,930.00 | 72,324.00 | 1,308,124.00 | 670,399.00 | 261,254.00 | 173,825.00 | 225,837.59 | 165,849.63 | 312,940.60 | 154,119.95 | 70,319.21 |
| Non-Current Assets | 8,191,455.00 | 7,484,988.00 | 6,152,620.00 | 6,330,944.00 | 3,340,777.00 | 1,316,227.00 | 961,170.00 | 917,624.00 | 917,696.00 | 945,514.43 | 760,094.23 | 109,780.64 | 92,212.99 | 26,842.02 |
| Property, Plant, Equipment Net | 1,587,054.00 | 1,667,049.00 | 1,593,404.00 | 1,566,365.00 | 1,101,503.00 | 811,332.00 | 672,215.00 | 716,096.00 | 274,302.00 | 334,643.95 | 276,242.79 | 93,932.23 | 80,151.15 | 17,424.62 |
| Goodwill | 82,776.00 | 82,776.00 | 82,751.00 | 82,751.00 | 45,362.00 | 30,852.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 771.00 | 2,150.00 | 2,432.00 | 2,714.00 | 1,975.00 | 21,664.00 | 0 | 0 | 0 | 293.05 | 931.23 | 949.02 | 966.81 | 1,002.40 |
| Long-Term Investments | 4,185,692.00 | 3,821,141.00 | 2,879,347.00 | 3,345,287.00 | 1,847,168.00 | 261,140.00 | 95,589.00 | 57,511.00 | 488,299.00 | 594,239.89 | 3,000.00 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 0 | 0 | 23,612.00 | 0 | 28,646.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 1,571,074.00 | 1,333,827.00 | 316,123.00 | 191,239.00 | 193,366.00 | 144,017.00 | 155,095.00 | 16,337.54 | 479,920.21 | 14,899.39 | 11,095.03 | 8,415.00 |
| Liabilities | 3,978,365.00 | 2,925,231.00 | 2,715,766.00 | 2,665,375.00 | 724,556.00 | 480,094.00 | 375,052.00 | 758,063.00 | 809,301.00 | 763,986.93 | 765,221.04 | 3,924.17 | 3,344.57 | 1,506.28 |
| Current Liabilities | 459,371.00 | 441,020.00 | 368,370.00 | 95,197.00 | 59,789.00 | 71,131.00 | 33,758.00 | 23,819.00 | 26,113.00 | 14,815.00 | 13,794.40 | 3,924.17 | 3,344.57 | 1,443.78 |
| Payables and Expenses | 85,764.00 | 66,640.00 | 52,239.00 | 89,443.00 | 49,422.00 | 65,516.00 | 33,634.00 | 23,483.00 | 24,616.00 | 14,550.54 | 12,927.14 | 3,374.51 | 2,626.24 | 999.74 |
| Account Payables | 11,434.00 | 9,837.00 | 6,489.00 | 12,556.00 | 12,561.00 | 33,274.00 | 11,619.00 | 5,727.00 | 2,322.00 | 10,425.67 | 0 | 0 | 0 | 0 |
| Current Accrued Liabilities | 74,330.00 | 56,803.00 | 45,750.00 | 76,887.00 | 36,861.00 | 32,242.00 | 22,015.00 | 17,756.00 | 22,294.00 | 4,124.87 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 351,489.00 | 351,225.00 | 301,040.00 | 407.00 | 546.00 | 1,352.00 | 124.00 | 336.00 | 326.00 | 0 | 0 | 0 | 0 | 121.60 |
| Other Current Liabilities | 22,118.00 | 23,155.00 | 15,091.00 | 5,347.00 | 9,821.00 | 4,263.00 | 0.00 | 0.00 | 1,171.00 | 264.46 | 867.26 | 549.66 | 718.33 | 322.44 |
| Non-Current Liabilities | 3,518,994.00 | 2,484,211.00 | 2,347,396.00 | 2,570,178.00 | 664,767.00 | 408,963.00 | 341,294.00 | 734,244.00 | 783,188.00 | 749,171.92 | 751,426.64 | 0.00 | 0.00 | 62.50 |
| Long-Term Debt | 3,290,983.00 | 2,294,085.00 | 2,335,556.00 | 2,273,264.00 | 638,529.00 | 339,143.00 | 326,008.00 | 734,169.00 | 783,188.00 | 730,448.27 | 728,405.92 | 0 | 0 | 62.50 |
| Other Non-Current Liabilities | 228,011.00 | 190,126.00 | 11,840.00 | 296,914.00 | 26,238.00 | 69,820.00 | 15,286.00 | 75.00 | 0.00 | 18,723.66 | 23,020.72 | 0 | 0 | 0.00 |
| Equity | 5,175,012.00 | 4,796,212.00 | 3,728,680.00 | 4,135,942.00 | 2,855,593.00 | 2,476,893.00 | 1,615,921.00 | 545,869.00 | 385,943.00 | 774,113.32 | 683,023.38 | 660,416.43 | 580,519.29 | 311,744.96 |
| Shareholders Equity | 5,158,336.00 | 4,791,653.00 | 3,724,727.00 | 4,129,033.00 | 2,855,593.00 | 2,476,893.00 | 1,615,921.00 | 545,869.00 | 385,943.00 | 774,113.32 | 683,023.38 | 660,416.43 | 580,519.29 | 311,744.96 |
| Capital Stock | 37.00 | 36.00 | 34.00 | 34.00 | 30.00 | 27.00 | 24.00 | 17.00 | 15.00 | 10.61 | 10.27 | 10.25 | 9.96 | 8.20 |
| Share Premium | 4,786,522.00 | 4,542,968.00 | 4,284,279.00 | 4,155,386.00 | 3,410,478.00 | 2,707,333.00 | 2,183,537.00 | 1,393,428.00 | 1,226,267.00 | 939,741.81 | 835,693.61 | 824,612.62 | 722,543.20 | 428,242.76 |
| Retained Earnings | 371,777.00 | 248,649.00 | -559,586.00 | -26,387.00 | -554,915.00 | -230,467.00 | -567,640.00 | -847,576.00 | -840,339.00 | -165,188.37 | -152,229.78 | -163,755.72 | -141,583.15 | -116,055.28 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -450.72 | -450.72 | -450.72 | -450.72 | -450.72 |
| Minority Interest | 16,676.00 | 4,559.00 | 3,953.00 | 6,909.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 3,019,659.00 | 3,461,107.00 | 0 | 373,343.00 | 201,881.00 | 137,705.00 | 525,299.00 | 825,976.61 | 226,778.55 | 208,765.27 | 166,915.07 | 0 |
| Debt | 3,642,472.00 | 2,645,310.00 | 2,636,596.00 | 2,273,671.00 | 639,075.00 | 340,495.00 | 326,132.00 | 734,505.00 | 783,514.00 | 730,712.73 | 728,405.92 | 0 | 0 | 184.10 |
| Net Debt | 2,771,169.00 | 2,491,071.00 | 2,437,283.00 | 1,877,573.00 | 454,427.00 | 16,227.00 | 0 | 609,623.00 | 679,809.00 | 393,964.49 | 236,105.36 | 0 | 0 | 0 |
| Common Shares Outstanding | 378,601.06 | 362,337.91 | 346,279.40 | 340,258.45 | 304,912.75 | 268,944.17 | 242,829.39 | 167,259.60 | 145,565.92 | 106,051.71 | 102,733.27 | 102,506.56 | 99,634.12 | 81,974.62 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-09-30 | 2021-06-30 |
|---|---|---|---|---|---|---|---|---|---|
| Revenues | 252,410.00 | 238,485.00 | 213,884.00 | 131,647.00 | 165,198.00 | 51,132.00 | 51,717.72 | 51,707.48 | 29,321.86 |
| Cost Of Revenue | 43,080.00 | 41,730.00 | 157,897.00 | 198,663.00 | 246,201.00 | 68,843.00 | 26,393.64 | 0 | 0 |
| Interest Income | 17,689.00 | 9,631.00 | 21,936.00 | 3,894.00 | 0 | 0 | 3,042.73 | 84.74 | 142.58 |
| Interest Expense | 12,760.00 | 12,835.00 | 9,941.00 | 2,342.00 | 1,256.00 | 3,760.00 | 2,814.04 | 0.29 | 1.20 |
| Net Interest | 0 | 0 | 11,995.00 | 0 | 0 | 0 | 228.69 | 84.45 | 141.38 |
| Non-Interest Expense | 85,296.00 | 92,948.00 | 0 | 63,725.00 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 209,330.00 | 196,755.00 | 55,987.00 | -67,016.00 | -81,003.00 | -17,711.00 | 25,324.08 | 0 | 0 |
| Operating Expenses | 365,652.00 | 357,063.00 | 597,050.00 | 66,757.00 | -450,707.00 | -13,853.00 | 34,450.35 | 115,991.24 | 24,700.25 |
| Selling, General and Administrative Expenses | 85,296.00 | 92,948.00 | 85,865.00 | 63,725.00 | 73,311.00 | 15,344.00 | 3,636.77 | 1,655.49 | 2,439.64 |
| Research and Development Expenses | 8,716.00 | 8,546.00 | 9,298.00 | 2,813.00 | 2,466.00 | 0 | 0 | 0 | 0 |
| Other Operating Expenses | 101,974.00 | 91,391.00 | 501,887.00 | 0 | -526,484.00 | -29,197.00 | 30,813.58 | 114,335.74 | 22,260.62 |
| Operating Income | -156,322.00 | -160,308.00 | -541,063.00 | -133,773.00 | 369,704.00 | -3,858.00 | -9,126.27 | -64,283.75 | 4,621.61 |
| Net Non-Operating Income | 1,144.00 | -5,509.00 | -111,552.00 | -146.00 | 5,520.00 | -3,302.00 | -8,129.39 | 42,111.19 | -113,506.23 |
| EBT | 160,812.00 | 1,016,709.00 | -652,615.00 | -173,950.00 | 375,224.00 | -7,160.00 | -17,255.65 | -22,172.57 | -108,884.62 |
| Income Tax | 37,678.00 | 208,504.00 | 119,172.00 | -49,161.00 | 38,051.00 | 75.00 | 4,297.06 | 0.00 | 0.00 |
| Equity Method Investments Income | 0 | 0 | 13.00 | 0 | -6,659.00 | 0 | 0 | 0 | 0 |
| Net Income Including Non-Controlling Interests | 123,134.00 | 808,205.00 | -533,443.00 | -124,789.00 | 0 | 0 | 0 | 0 | 0 |
| Net Income Non-Controlling Interests | 0 | 30.00 | 244.00 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | 123,128.00 | 808,235.00 | -533,199.00 | -124,789.00 | 337,173.00 | -7,235.00 | -12,958.59 | -22,172.57 | -108,884.62 |
| EBIT | 173,572.00 | 1,029,544.00 | -642,674.00 | -171,608.00 | 376,480.00 | -3,400.00 | -14,441.62 | -22,172.28 | -108,883.42 |
| Deprecation and Amortization | 167,312.00 | 161,741.00 | 157,897.00 | 100,487.00 | 80,964.00 | 17,733.00 | 18,565.06 | 4,318.48 | 2,917.79 |
| EBITDA | 340,884.00 | 1,191,285.00 | -484,777.00 | -71,121.00 | 457,444.00 | 14,333.00 | 4,123.44 | -17,853.80 | -105,965.62 |
| EPS | 0.00 | 0.00 | -0.00 | -0.00 | 0.00 | -0.00 | -0.00 | 0 | 0 |
| Diluted EPS | 0.00 | 0.00 | -0.00 | -0.00 | 0.00 | 0 | -0.00 | 0 | 0 |
| Average Shares Outstanding Basic | 372,073.17 | 352,901.68 | 344,098.01 | 294,942.68 | 259,098.66 | 159,186.51 | 103,102.60 | 0 | 0 |
| Average Shares Outstanding Diluted | 470,126.29 | 440,912.16 | 344,098.01 | 294,942.68 | 267,912.44 | 0 | 103,102.60 | 0 | 0 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-09-30 | 2021-06-30 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -199,049.00 | -163,443.00 | -215,488.00 | -160,085.00 | -88,340.00 | -28,812.00 | -26,059.10 | 0 | 0 |
| Operating Net Income | 123,134.00 | 808,205.00 | -533,443.00 | -124,789.00 | 337,173.00 | -7,235.00 | -12,958.59 | -22,172.57 | -108,884.62 |
| Deprecation and Amortization | 167,312.00 | 161,741.00 | 157,897.00 | 100,487.00 | 80,964.00 | 17,733.00 | 18,565.06 | 4,318.48 | 2,917.79 |
| Deferred Income Tax | 37,677.00 | 201,695.00 | -112,115.00 | -49,488.00 | 37,556.00 | 75.00 | 0 | 0 | 0 |
| Share Based Compensation | 38,466.00 | 54,656.00 | 49,115.00 | 23,340.00 | 51,913.00 | 3,945.00 | 9,275.35 | 0 | 0 |
| Change in Working Capital | -243,820.00 | -205,967.00 | -250,230.00 | -151,713.00 | -598.00 | -34,460.00 | -16,038.49 | 0 | 0 |
| Other Operating Activities | -321,818.00 | -1,183,773.00 | 473,288.00 | 42,078.00 | -595,348.00 | -8,870.00 | -24,902.43 | 0 | 0 |
| Investing Cash Flow | -285,652.00 | -127,164.00 | -209,846.00 | -537,668.00 | -416,591.00 | -72,029.00 | -209,424.57 | 0 | 0 |
| Capital Expenditure | 0 | 0 | -38,856.00 | 0 | -9,088.00 | -17,270.00 | -6,534.12 | 0.00 | 0.00 |
| Net Purchase/Sale of PPE | -84,848.00 | -118,713.00 | -35,384.00 | -35,794.00 | -9,088.00 | -17,270.00 | -6,534.12 | 0 | 0 |
| Net Purchase/Sale of Investments Net | -86,796.00 | 5,577.00 | -19,444.00 | -371,905.00 | -8,000.00 | 0 | -10,499.83 | 0 | 0 |
| Net Purchase/Sale of Business | -6,884.00 | -3,068.00 | -39,130.00 | -10,269.00 | -186,814.00 | -43,194.00 | 0 | 0 | 0 |
| Other Investing Activities | -107,124.00 | -10,960.00 | -77,032.00 | -119,700.00 | -203,601.00 | 5,705.00 | -185,856.51 | 0 | 0 |
| Financing Cash Flow | 1,201,618.00 | 203,867.00 | 229,778.00 | 605,982.00 | 471,886.00 | 113,218.00 | 85,472.98 | 0 | 0 |
| Net Issuance/Repayment of Debt | 996,529.00 | -168.00 | 150,000.00 | 291,595.00 | 0 | -50,000.00 | 0 | 0 | 0 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 120,502.00 | 320,761.00 | 505,828.00 | 163,295.00 | 88,127.27 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | -40,724.00 | -6,374.00 | -33,942.00 | -77.00 | -2,654.29 | 0 | 0 |
| Net Change in Cash | 716,917.00 | -86,740.00 | -195,556.00 | -91,771.00 | -33,045.00 | 12,377.00 | -150,010.69 | 0 | 0 |
| Cash at Beginning of Period | 121,475.00 | 208,215.00 | 403,771.00 | 268,027.00 | 357,313.00 | 112,505.00 | 268,522.02 | 0 | 0 |
| Cash at End of Period | 838,392.00 | 121,475.00 | 208,215.00 | 176,256.00 | 324,268.00 | 124,882.00 | 118,511.33 | 32,854.09 | 170,615.85 |
| Free Cash Flow | -283,877.00 | -282,358.00 | -254,344.00 | -198,079.00 | -97,428.00 | -46,082.00 | -32,593.22 | 0 | 0 |