Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 41.82 44.53 37.30 32.88 30.62
Price to Sales 12.14 12.09 9.37 11.71 10.14
Book Value Per Common Share 19.61 18.11 13.70 10.23 3.76
Price to Book 24.14 21.56 20.34 38.18 77.23
Price to Operating Cash Flow 30.32 33.26 34.76 36.31 25.37
Price to Free Cash Flow
Enterprise Value to EBITDA 255595.51 279277.92 220951.87 229960.21 205704.41
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 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 46.26 74.98 134.20 51.98 68.00 124.38 45.76 72.59 112.10 39.66 60.84 125.43 37.07 51.62 75.98
Price to Sales 14.67 23.61 43.57 15.97 21.32 40.18 13.07 21.52 38.16 10.71 17.29 41.03 14.16 21.49 34.94
Book Value Per Common Share 22.18 22.01 20.57 21.55 20.75 19.58 10.31 10.92 9.34 4.14 5.97 7.87 8.10 7.18 6.14
Price to Book 21.48 22.79 22.64 22.02 20.29 20.07 30.66 31.84 32.78 58.68 45.53 42.87 43.83 50.50 48.61
Price to Operating Cash Flow 41.86 69.41 110.73 39.96 52.58 92.60 34.64 52.62 92.26 40.80 65.97 132.88 38.84 53.36 82.69
Price to Free Cash Flow
Enterprise Value to EBITDA 285345.51 466005.37 856625.96 321240.44 424427.80 785203.81 297325.45 491579.64 874691.24 242187.66 378657.63 841253.17 262800.28 378639.45 602371.08

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 29.08 17.40 -37.12 25.32
Revenue YoY 19.81 8.19 -12.06 15.77
EBITDA YoY 31.42 10.48 -26.75 19.61
Net Profit YoY 28.06 16.96 -37.94 24.52
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 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 53.96 92.80 47.50 95.89 44.26 75.46 37.14 66.17 36.47 78.63
Revenue YoY 52.51 98.65 50.32 101.74 49.66 101.63 43.92 90.74 48.40 97.06
EBITDA YoY 54.27 97.44 48.23 97.59 49.92 102.18 39.53 78.11 40.97 92.03
Net Profit YoY 53.70 92.48 47.30 95.67 44.31 75.25 36.73 65.66 36.10 78.40

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 23.76 18.04 14.50 13.34 21.43
Quick Ratio 1.70 1.99 1.82 1.69 2.45
Current Ratio 1.47 1.74 1.72 1.61 2.03
Debt to Equity 3.16 3.21 4.34 4.03 6.04
Long-Term Debt to Equity 2.20 2.49 3.45 3.18 4.78
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 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 18.99 18.70 18.08 23.78 23.18 20.98 16.58 19.05 15.50 12.95 12.85 13.16 17.33 22.82 23.48
Quick Ratio 2.07 1.94 1.75 1.87 1.84 1.68 2.01 1.89 1.52 1.89 1.44 1.43 1.73 2.79 2.74
Current Ratio 1.84 1.75 1.57 1.67 1.52 1.42 1.78 1.65 1.48 1.80 1.39 1.36 1.52 2.31 2.18
Debt to Equity 2.75 2.77 2.91 2.88 2.81 3.02 3.23 3.44 3.81 4.74 4.77 4.71 4.50 4.27 4.62
Long-Term Debt to Equity 2.14 2.13 2.16 2.08 1.99 2.11 2.56 2.63 2.84 3.89 3.66 3.55 3.44 3.41 3.65

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 13.27 10.99 9.58 15.08 14.33
ROE 55.22 46.23 51.10 75.93 100.85
Gross Margin 72.56 71.48 70.50 73.67 72.54
Operating Margin 41.42 37.00 36.36 46.78 45.19
EBITDA Margin 47.50 43.31 42.41 50.92 49.28
Net Profit Margin 29.04 27.16 25.13 35.61 33.10
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 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 11.99 7.77 4.14 10.55 7.52 3.84 8.93 5.98 3.40 8.09 5.76 3.38 12.40 10.46 5.89
ROE 44.97 29.28 16.20 40.88 28.67 15.45 37.80 26.51 16.38 46.42 33.28 19.29 68.23 55.17 33.08
Gross Margin 74.75 74.36 74.48 73.26 74.02 73.85 71.46 71.19 70.88 71.21 72.10 72.60 75.38 75.96 75.44
Operating Margin 45.00 44.43 44.96 43.56 44.30 45.58 37.65 37.69 37.69 38.22 39.92 43.50 49.84 52.74 54.31
EBITDA Margin 51.11 50.52 50.83 49.43 50.12 51.18 43.87 43.79 43.67 44.02 45.40 48.62 53.69 56.52 58.00
Net Profit Margin 31.72 31.48 32.48 30.71 31.34 32.31 28.56 29.62 34.08 27.00 28.42 32.72 38.19 41.64 46.00

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 2023-09-30 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 15,505,000.00 14,622,000.00 14,349,000.00 14,680,000.00 12,409,000.00
   Current Assets 5,290,000.00 4,341,000.00 4,094,000.00 4,011,000.00 4,509,000.00
      Cash and Short-Term Investments 4,319,000.00 3,305,000.00 2,667,000.00 2,486,000.00 4,021,000.00
            Cash and Cash Equivalents 3,753,000.00 3,242,000.00 2,577,000.00 2,395,000.00 3,922,000.00
            Short-Term Investments 566,000.00 63,000.00 90,000.00 91,000.00 99,000.00
      Net Receivables 1,801,000.00 1,659,000.00 1,652,000.00 1,720,000.00 1,430,000.00
      Inventory 0 0 0 0 0
      Other Current Assets -830,000.00 -623,000.00 -225,000.00 -195,000.00 -942,000.00
   Non-Current Assets 10,215,000.00 10,281,000.00 10,255,000.00 10,669,000.00 7,900,000.00
      Property, Plant, Equipment Net 872,000.00 884,000.00 848,000.00 785,000.00 681,000.00
      Goodwill 5,994,000.00 5,956,000.00 5,839,000.00 5,999,000.00 9,243,000.00
      Intangible Assets 1,890,000.00 2,049,000.00 2,210,000.00 2,467,000.00 1,824,000.00
      Long-Term Investments 465,000.00 521,000.00 517,000.00 443,000.00 135,000.00
      Non-Current Deferred Assets 293,000.00 258,000.00 266,000.00 384,000.00 334,000.00
      Other Non-Current Assets 701,000.00 613,000.00 575,000.00 591,000.00 -4,317,000.00
Liabilities 11,778,000.00 11,146,000.00 11,660,000.00 11,764,000.00 10,646,000.00
   Current Liabilities 3,597,000.00 2,500,000.00 2,375,000.00 2,496,000.00 2,222,000.00
      Payables and Expenses 1,344,000.00 1,076,000.00 1,011,000.00 1,142,000.00 1,039,000.00
            Account Payables 53,000.00 23,000.00 92,000.00 85,000.00 82,000.00
            Current Accrued Liabilities 452,000.00 345,000.00 276,000.00 324,000.00 226,000.00
      Short-Term Debt 799,000.00 108,000.00 106,000.00 105,000.00 94,000.00
      Other Current Liabilities 1,454,000.00 1,316,000.00 1,258,000.00 1,249,000.00 1,089,000.00
   Non-Current Liabilities 8,181,000.00 8,646,000.00 9,285,000.00 9,268,000.00 8,424,000.00
      Long-Term Debt 6,947,000.00 7,307,000.00 7,757,000.00 455,000.00 427,000.00
      Other Non-Current Liabilities 1,234,000.00 1,339,000.00 1,528,000.00 8,813,000.00 7,997,000.00
Equity 3,727,000.00 3,476,000.00 2,689,000.00 2,916,000.00 1,763,000.00
   Shareholders Equity 3,565,000.00 3,318,000.00 2,519,000.00 1,907,000.00 705,000.00
      Capital Stock 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00
      Share Premium 1,451,000.00 1,228,000.00 1,054,000.00 885,000.00 735,000.00
      Retained Earnings 16,071,000.00 14,659,000.00 13,618,000.00 12,762,000.00 11,011,000.00
      Treasury Shares 13,322,000.00 12,005,000.00 11,513,000.00 10,513,000.00 9,748,000.00
      Accumulated Other Comprehensive Income 61,000.00 -540,000.00 -223,000.00 -488,000.00 -1,239,000.00
   Minority Interest 162,000.00 158,000.00 170,000.00 189,000.00 194,000.00
Investments 566,000.00 63,000.00 90,000.00 91,000.00 99,000.00
Debt 7,746,000.00 7,415,000.00 7,863,000.00 15,386,000.00 13,365,000.00
Net Debt 3,427,000.00 4,110,000.00 5,196,000.00 12,900,000.00 9,344,000.00
Common Shares Outstanding 0 0 0 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 7,088,000.00 5,916,000.00 5,468,000.00 6,218,000.00 5,371,000.00
Cost Of Revenue 1,945,000.00 1,687,000.00 1,613,000.00 1,637,000.00 1,475,000.00
Gross Profit 5,143,000.00 4,229,000.00 3,855,000.00 4,581,000.00 3,896,000.00
Operating Expenses 2,268,000.00 2,092,000.00 1,972,000.00 1,737,000.00 1,508,000.00
   Selling, General and Administrative Expenses 1,735,000.00 1,632,000.00 1,527,000.00 1,480,000.00 1,229,000.00
   Other Operating Expenses 533,000.00 460,000.00 445,000.00 257,000.00 279,000.00
Operating Income 2,875,000.00 2,137,000.00 1,883,000.00 2,844,000.00 2,388,000.00
Net Non-Operating Income -176,000.00 -199,000.00 -126,000.00 -106,000.00 -166,000.00
Interest Expense 237,000.00 251,000.00 231,000.00 171,000.00 205,000.00
Net Interest -237,000.00 -251,000.00 -231,000.00 -171,000.00 -205,000.00
EBT 2,699,000.00 1,938,000.00 1,757,000.00 2,738,000.00 2,222,000.00
Income Tax 640,000.00 326,000.00 385,000.00 537,000.00 449,000.00
Equity Method Investments Income 15,000.00 19,000.00 17,000.00 60,000.00 6,000.00
Net Income Including Non-Controlling Interests 2,057,000.00 1,606,000.00 4,122,000.00 6,642,000.00 1,779,000.00
Net Income Non-Controlling Interests 1,000.00 1,000.00 -2,748,000.00 -4,428,000.00 -1,000.00
Net Income 2,058,000.00 1,607,000.00 1,374,000.00 2,214,000.00 1,778,000.00
EBIT 2,936,000.00 2,189,000.00 1,988,000.00 2,909,000.00 2,427,000.00
Deprecation and Amortization 431,000.00 373,000.00 331,000.00 257,000.00 220,000.00
EBITDA 3,367,000.00 2,562,000.00 2,319,000.00 3,166,000.00 2,647,000.00
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 181,800.00 183,200.00 183,900.00 186,400.00 187,600.00
Average Shares Outstanding Diluted 182,700.00 184,000.00 184,700.00 187,900.00 189,300.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 2,838,000.00 2,151,000.00 1,474,000.00 2,005,000.00 2,146,000.00
   Operating Net Income 6,176,000.00 4,823,000.00 4,122,000.00 6,642,000.00 1,763,000.00
   Deprecation and Amortization 431,000.00 373,000.00 331,000.00 257,000.00 220,000.00
   Deferred Income Tax -62,000.00 -38,000.00 48,000.00 -218,000.00 -44,000.00
   Share Based Compensation 220,000.00 193,000.00 169,000.00 175,000.00 154,000.00
   Change in Working Capital 612,000.00 -9,000.00 60,000.00 320,000.00 201,000.00
   Other Operating Activities -4,539,000.00 -3,191,000.00 -3,256,000.00 -5,171,000.00 -148,000.00
Investing Cash Flow -1,056,000.00 -247,000.00 -262,000.00 -2,619,000.00 -1,077,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 317,000.00 271,000.00 283,000.00 139,000.00 103,000.00
   Net Purchase/Sale of Investments Net 651,000.00 143,000.00 320,000.00 437,000.00 181,000.00
   Net Purchase/Sale of Business 225,000.00 21,000.00 97,000.00 2,179,000.00 897,000.00
   Other Investing Activities -2,249,000.00 -682,000.00 -962,000.00 -5,374,000.00 -2,258,000.00
Financing Cash Flow -1,446,000.00 -1,584,000.00 -1,208,000.00 -122,000.00 -351,000.00
   Net Issuance/Repayment of Debt 496,000.00 500,000.00 1,614,000.00 2,172,000.00 3,872,000.00
   Net Issuance/Repurchase of Equity 1,365,000.00 540,000.00 1,009,000.00 788,000.00 554,000.00
   Dividends Paid 627,000.00 573,000.00 516,000.00 468,000.00 421,000.00
   Other Financing Activities -3,934,000.00 -3,197,000.00 -4,347,000.00 -3,550,000.00 -5,198,000.00
Net Change in Cash 278,000.00 361,000.00 -42,000.00 -786,000.00 765,000.00
   Cash at Beginning of Period 2,130,000.00 1,769,000.00 1,811,000.00 2,597,000.00 1,832,000.00
   Cash at End of Period 2,408,000.00 2,130,000.00 1,769,000.00 1,811,000.00 2,597,000.00
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 15,415,000.00 15,487,000.00 15,096,000.00 15,505,000.00 15,769,000.00 15,013,000.00 15,011,000.00 14,622,000.00 14,191,000.00 14,691,000.00 14,719,000.00 14,349,000.00 13,939,000.00 14,315,000.00 14,739,000.00 14,680,000.00 14,414,000.00 12,552,000.00 12,500,000.00 12,409,000.00
   Current Assets 4,599,000.00 4,639,000.00 4,565,000.00 5,290,000.00 5,393,000.00 4,881,000.00 4,806,000.00 4,341,000.00 4,037,000.00 4,390,000.00 4,426,000.00 4,094,000.00 3,726,000.00 3,820,000.00 4,062,000.00 4,011,000.00 4,255,000.00 4,734,000.00 4,695,000.00 4,509,000.00
      Cash and Short-Term Investments 3,408,000.00 3,364,000.00 3,255,000.00 4,319,000.00 4,332,000.00 4,231,000.00 3,831,000.00 3,305,000.00 3,040,000.00 3,494,000.00 2,842,000.00 2,667,000.00 2,385,000.00 2,372,000.00 2,435,000.00 2,486,000.00 3,234,000.00 4,267,000.00 4,396,000.00 4,021,000.00
            Cash and Cash Equivalents 3,330,000.00 3,248,000.00 3,193,000.00 3,753,000.00 3,759,000.00 4,168,000.00 3,773,000.00 3,242,000.00 2,967,000.00 3,437,000.00 2,764,000.00 2,577,000.00 2,296,000.00 2,286,000.00 2,332,000.00 2,395,000.00 3,130,000.00 4,179,000.00 4,300,000.00 3,922,000.00
            Short-Term Investments 78,000.00 116,000.00 62,000.00 566,000.00 573,000.00 63,000.00 58,000.00 63,000.00 73,000.00 57,000.00 78,000.00 90,000.00 89,000.00 86,000.00 103,000.00 91,000.00 104,000.00 88,000.00 96,000.00 99,000.00
      Net Receivables 1,774,000.00 1,776,000.00 1,850,000.00 1,801,000.00 1,708,000.00 1,694,000.00 1,835,000.00 1,659,000.00 1,513,000.00 1,542,000.00 1,712,000.00 1,652,000.00 1,518,000.00 1,602,000.00 1,824,000.00 1,720,000.00 1,589,000.00 1,458,000.00 1,497,000.00 1,430,000.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets -583,000.00 -501,000.00 -540,000.00 -830,000.00 -647,000.00 -1,044,000.00 -860,000.00 -623,000.00 -516,000.00 -646,000.00 -128,000.00 -225,000.00 -177,000.00 -154,000.00 -197,000.00 -195,000.00 -568,000.00 -991,000.00 -1,198,000.00 -942,000.00
   Non-Current Assets 10,816,000.00 10,848,000.00 10,531,000.00 10,215,000.00 10,376,000.00 10,132,000.00 10,205,000.00 10,281,000.00 10,154,000.00 10,301,000.00 10,293,000.00 10,255,000.00 10,213,000.00 10,495,000.00 10,677,000.00 10,669,000.00 10,159,000.00 7,818,000.00 7,805,000.00 7,900,000.00
      Property, Plant, Equipment Net 1,012,000.00 915,000.00 888,000.00 872,000.00 904,000.00 894,000.00 873,000.00 884,000.00 875,000.00 871,000.00 857,000.00 848,000.00 859,000.00 846,000.00 808,000.00 785,000.00 752,000.00 639,000.00 644,000.00 681,000.00
      Goodwill 6,465,000.00 6,481,000.00 6,237,000.00 5,994,000.00 6,148,000.00 5,891,000.00 5,909,000.00 5,956,000.00 5,831,000.00 5,926,000.00 5,892,000.00 5,839,000.00 5,617,000.00 5,841,000.00 6,039,000.00 5,999,000.00 5,898,000.00 4,590,000.00 4,566,000.00 9,243,000.00
      Intangible Assets 1,916,000.00 1,989,000.00 1,978,000.00 1,890,000.00 1,970,000.00 1,930,000.00 1,983,000.00 2,049,000.00 2,058,000.00 2,138,000.00 2,177,000.00 2,210,000.00 2,182,000.00 2,300,000.00 2,422,000.00 2,467,000.00 2,510,000.00 1,784,000.00 1,810,000.00 1,824,000.00
      Long-Term Investments 483,000.00 494,000.00 489,000.00 465,000.00 467,000.00 523,000.00 522,000.00 521,000.00 521,000.00 526,000.00 520,000.00 517,000.00 504,000.00 514,000.00 450,000.00 443,000.00 149,000.00 151,000.00 149,000.00 135,000.00
      Non-Current Deferred Assets 288,000.00 318,000.00 292,000.00 293,000.00 268,000.00 267,000.00 270,000.00 258,000.00 264,000.00 265,000.00 268,000.00 266,000.00 336,000.00 341,000.00 347,000.00 384,000.00 363,000.00 249,000.00 240,000.00 334,000.00
      Other Non-Current Assets 652,000.00 651,000.00 647,000.00 701,000.00 619,000.00 627,000.00 648,000.00 613,000.00 605,000.00 575,000.00 579,000.00 575,000.00 715,000.00 653,000.00 611,000.00 591,000.00 487,000.00 405,000.00 396,000.00 -4,317,000.00
Liabilities 11,303,000.00 11,379,000.00 11,238,000.00 11,778,000.00 11,701,000.00 11,075,000.00 11,276,000.00 11,146,000.00 10,839,000.00 11,379,000.00 11,661,000.00 11,660,000.00 11,509,000.00 11,836,000.00 12,157,000.00 11,764,000.00 11,795,000.00 10,172,000.00 10,275,000.00 10,646,000.00
   Current Liabilities 2,499,000.00 2,647,000.00 2,917,000.00 3,597,000.00 3,235,000.00 3,219,000.00 3,382,000.00 2,500,000.00 2,269,000.00 2,667,000.00 2,988,000.00 2,375,000.00 2,066,000.00 2,755,000.00 2,988,000.00 2,496,000.00 2,793,000.00 2,050,000.00 2,154,000.00 2,222,000.00
      Payables and Expenses 1,032,000.00 968,000.00 1,049,000.00 1,344,000.00 1,133,000.00 1,000,000.00 976,000.00 1,076,000.00 938,000.00 877,000.00 805,000.00 1,011,000.00 807,000.00 866,000.00 856,000.00 1,142,000.00 1,084,000.00 816,000.00 828,000.00 1,039,000.00
            Account Payables 54,000.00 53,000.00 98,000.00 53,000.00 50,000.00 57,000.00 88,000.00 23,000.00 47,000.00 79,000.00 85,000.00 92,000.00 51,000.00 82,000.00 42,000.00 85,000.00 46,000.00 72,000.00 33,000.00 82,000.00
            Current Accrued Liabilities 263,000.00 185,000.00 205,000.00 452,000.00 321,000.00 196,000.00 154,000.00 345,000.00 244,000.00 166,000.00 135,000.00 276,000.00 155,000.00 156,000.00 220,000.00 324,000.00 248,000.00 149,000.00 203,000.00 226,000.00
      Short-Term Debt 98,000.00 101,000.00 103,000.00 799,000.00 802,000.00 796,000.00 794,000.00 108,000.00 105,000.00 405,000.00 605,000.00 106,000.00 104,000.00 604,000.00 607,000.00 105,000.00 610,000.00 92,000.00 94,000.00 94,000.00
      Other Current Liabilities 1,369,000.00 1,578,000.00 1,765,000.00 1,454,000.00 1,300,000.00 1,423,000.00 1,612,000.00 1,316,000.00 1,226,000.00 1,385,000.00 1,578,000.00 1,258,000.00 1,155,000.00 1,285,000.00 1,525,000.00 1,249,000.00 1,099,000.00 1,142,000.00 1,232,000.00 1,089,000.00
   Non-Current Liabilities 8,804,000.00 8,732,000.00 8,321,000.00 8,181,000.00 8,466,000.00 7,856,000.00 7,894,000.00 8,646,000.00 8,570,000.00 8,712,000.00 8,673,000.00 9,285,000.00 9,443,000.00 9,081,000.00 9,169,000.00 9,268,000.00 9,002,000.00 8,122,000.00 8,121,000.00 8,424,000.00
      Long-Term Debt 7,265,000.00 7,181,000.00 7,033,000.00 6,947,000.00 7,121,000.00 6,507,000.00 6,539,000.00 7,307,000.00 7,167,000.00 7,267,000.00 7,312,000.00 7,757,000.00 7,865,000.00 7,579,000.00 7,725,000.00 455,000.00 7,439,000.00 6,741,000.00 6,746,000.00 427,000.00
      Other Non-Current Liabilities 1,539,000.00 1,551,000.00 1,288,000.00 1,234,000.00 1,345,000.00 1,349,000.00 1,355,000.00 1,339,000.00 1,403,000.00 1,445,000.00 1,361,000.00 1,528,000.00 1,578,000.00 1,502,000.00 1,444,000.00 8,813,000.00 1,563,000.00 1,381,000.00 1,375,000.00 7,997,000.00
Equity 4,112,000.00 4,108,000.00 3,858,000.00 3,727,000.00 4,068,000.00 3,938,000.00 3,735,000.00 3,476,000.00 3,352,000.00 3,312,000.00 3,058,000.00 2,689,000.00 2,430,000.00 2,479,000.00 2,582,000.00 2,916,000.00 2,619,000.00 2,380,000.00 2,225,000.00 1,763,000.00
   Shareholders Equity 3,957,000.00 3,949,000.00 3,700,000.00 3,565,000.00 3,905,000.00 3,778,000.00 3,575,000.00 3,318,000.00 1,887,000.00 2,004,000.00 1,713,000.00 2,519,000.00 759,000.00 1,096,000.00 1,452,000.00 1,907,000.00 1,506,000.00 1,336,000.00 1,150,000.00 705,000.00
      Capital Stock 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00
      Share Premium 1,617,000.00 1,552,000.00 1,483,000.00 1,451,000.00 1,390,000.00 1,324,000.00 1,252,000.00 1,228,000.00 1,175,000.00 1,124,000.00 1,068,000.00 1,054,000.00 1,013,000.00 965,000.00 826,000.00 885,000.00 832,000.00 784,000.00 739,000.00 735,000.00
      Retained Earnings 17,410,000.00 16,933,000.00 16,526,000.00 16,071,000.00 15,855,000.00 15,478,000.00 15,081,000.00 14,659,000.00 14,460,000.00 14,213,000.00 13,979,000.00 13,618,000.00 13,501,000.00 13,328,000.00 13,132,000.00 12,762,000.00 12,451,000.00 12,094,000.00 11,632,000.00 11,011,000.00
      Treasury Shares 14,535,000.00 14,020,000.00 13,734,000.00 13,322,000.00 12,840,000.00 12,410,000.00 12,153,000.00 12,005,000.00 11,795,000.00 11,626,000.00 11,570,000.00 11,513,000.00 11,514,000.00 11,403,000.00 11,096,000.00 10,513,000.00 10,394,000.00 10,270,000.00 9,904,000.00 9,748,000.00
      Accumulated Other Comprehensive Income -1,303,000.00 -1,299,000.00 -269,000.00 61,000.00 -560,000.00 -269,000.00 -356,000.00 -540,000.00 -205,000.00 -405,000.00 -337,000.00 -223,000.00 440,000.00 10,000.00 -405,000.00 -488,000.00 -735,000.00 -917,000.00 -848,000.00 -1,239,000.00
   Minority Interest 155,000.00 159,000.00 158,000.00 162,000.00 163,000.00 160,000.00 160,000.00 158,000.00 161,000.00 168,000.00 167,000.00 170,000.00 175,000.00 185,000.00 188,000.00 189,000.00 189,000.00 194,000.00 195,000.00 194,000.00
Investments 78,000.00 116,000.00 62,000.00 566,000.00 573,000.00 63,000.00 58,000.00 63,000.00 73,000.00 57,000.00 78,000.00 90,000.00 89,000.00 86,000.00 103,000.00 91,000.00 104,000.00 88,000.00 96,000.00 99,000.00
Debt 7,363,000.00 7,282,000.00 7,136,000.00 7,746,000.00 7,923,000.00 7,303,000.00 7,333,000.00 7,415,000.00 7,272,000.00 7,672,000.00 7,917,000.00 7,863,000.00 7,969,000.00 8,183,000.00 8,332,000.00 15,386,000.00 8,049,000.00 6,833,000.00 6,840,000.00 13,365,000.00
Net Debt 3,955,000.00 3,918,000.00 3,881,000.00 3,427,000.00 3,591,000.00 3,072,000.00 3,502,000.00 4,110,000.00 4,232,000.00 4,178,000.00 5,075,000.00 5,196,000.00 5,584,000.00 5,811,000.00 5,897,000.00 12,900,000.00 4,815,000.00 2,566,000.00 2,444,000.00 9,344,000.00
Common Shares Outstanding 178,400.00 179,400.00 179,900.00 0 181,200.00 182,100.00 182,600.00 0 183,000.00 183,500.00 183,500.00 0 183,200.00 183,500.00 184,500.00 0 185,900.00 186,200.00 187,200.00 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 5,829,000.00 3,822,000.00 1,924,000.00 -3,717,000.00 5,416,000.00 3,603,000.00 1,786,000.00 -2,954,000.00 4,436,000.00 2,964,000.00 1,470,000.00 -3,135,000.00 4,178,000.00 2,903,000.00 1,522,000.00 -3,214,000.00 4,679,000.00 3,153,000.00 1,600,000.00
Cost Of Revenue 1,472,000.00 980,000.00 491,000.00 -906,000.00 1,448,000.00 936,000.00 467,000.00 -861,000.00 1,266,000.00 854,000.00 428,000.00 -817,000.00 1,203,000.00 810,000.00 417,000.00 -666,000.00 1,152,000.00 758,000.00 393,000.00
Gross Profit 4,357,000.00 2,842,000.00 1,433,000.00 -2,811,000.00 3,968,000.00 2,667,000.00 1,319,000.00 -2,093,000.00 3,170,000.00 2,110,000.00 1,042,000.00 -2,318,000.00 2,975,000.00 2,093,000.00 1,105,000.00 -2,548,000.00 3,527,000.00 2,395,000.00 1,207,000.00
Operating Expenses 1,776,000.00 1,178,000.00 587,000.00 -995,000.00 1,654,000.00 1,091,000.00 518,000.00 -933,000.00 1,531,000.00 1,006,000.00 488,000.00 -804,000.00 1,398,000.00 929,000.00 449,000.00 -555,000.00 1,197,000.00 741,000.00 354,000.00
   Selling, General and Administrative Expenses 1,335,000.00 882,000.00 439,000.00 -830,000.00 1,293,000.00 859,000.00 413,000.00 -759,000.00 1,204,000.00 801,000.00 386,000.00 -707,000.00 1,124,000.00 739,000.00 371,000.00 -448,000.00 1,015,000.00 620,000.00 293,000.00
   Other Operating Expenses 441,000.00 296,000.00 148,000.00 -165,000.00 361,000.00 232,000.00 105,000.00 -174,000.00 327,000.00 205,000.00 102,000.00 -97,000.00 274,000.00 190,000.00 78,000.00 -107,000.00 182,000.00 121,000.00 61,000.00
Operating Income 2,581,000.00 1,664,000.00 846,000.00 -1,816,000.00 2,314,000.00 1,576,000.00 801,000.00 -1,160,000.00 1,639,000.00 1,104,000.00 554,000.00 -1,514,000.00 1,577,000.00 1,164,000.00 656,000.00 -1,993,000.00 2,330,000.00 1,654,000.00 853,000.00
Net Non-Operating Income -138,000.00 -88,000.00 -42,000.00 118,000.00 -140,000.00 -105,000.00 -49,000.00 109,000.00 -154,000.00 -106,000.00 -48,000.00 180,000.00 -146,000.00 -113,000.00 -47,000.00 39,000.00 -107,000.00 -47,000.00 9,000.00
Interest Expense 180,000.00 122,000.00 61,000.00 -135,000.00 185,000.00 125,000.00 62,000.00 -101,000.00 185,000.00 119,000.00 48,000.00 -96,000.00 166,000.00 108,000.00 53,000.00 -1,000.00 109,000.00 56,000.00 7,000.00
Net Interest -180,000.00 -122,000.00 -61,000.00 135,000.00 -185,000.00 -125,000.00 -62,000.00 101,000.00 -185,000.00 -119,000.00 -48,000.00 96,000.00 -166,000.00 -108,000.00 -53,000.00 1,000.00 -109,000.00 -56,000.00 -7,000.00
EBT 2,443,000.00 1,576,000.00 804,000.00 -1,698,000.00 2,174,000.00 1,471,000.00 752,000.00 -1,051,000.00 1,485,000.00 998,000.00 506,000.00 -1,334,000.00 1,431,000.00 1,051,000.00 609,000.00 -1,954,000.00 2,223,000.00 1,607,000.00 862,000.00
Income Tax 592,000.00 372,000.00 179,000.00 -386,000.00 510,000.00 341,000.00 175,000.00 -16,000.00 217,000.00 120,000.00 5,000.00 -257,000.00 304,000.00 227,000.00 111,000.00 -342,000.00 449,000.00 305,000.00 125,000.00
Equity Method Investments Income 18,000.00 14,000.00 11,000.00 3,000.00 10,000.00 2,000.00 0 2,000.00 12,000.00 3,000.00 2,000.00 -3,000.00 14,000.00 4,000.00 2,000.00 28,000.00 15,000.00 9,000.00 8,000.00
Net Income Including Non-Controlling Interests 1,847,000.00 1,202,000.00 625,000.00 -1,310,000.00 1,662,000.00 1,128,000.00 577,000.00 -1,039,000.00 1,266,000.00 878,000.00 501,000.00 1,671,000.00 1,128,000.00 825,000.00 498,000.00 -768,000.00 5,361,000.00 1,313,000.00 736,000.00
Net Income Non-Controlling Interests 2,000.00 1,000.00 0.00 -1,000.00 1,000.00 1,000.00 0.00 0.00 1,000.00 0.00 0.00 -2,748,000.00 0.00 0.00 0.00 -854,000.00 -3,574,000.00 0.00 0.00
Net Income 1,849,000.00 1,203,000.00 625,000.00 -1,311,000.00 1,663,000.00 1,129,000.00 577,000.00 -1,039,000.00 1,267,000.00 878,000.00 501,000.00 -1,077,000.00 1,128,000.00 825,000.00 498,000.00 -1,622,000.00 1,787,000.00 1,313,000.00 736,000.00
EBIT 2,623,000.00 1,698,000.00 865,000.00 -1,833,000.00 2,359,000.00 1,596,000.00 814,000.00 -1,152,000.00 1,670,000.00 1,117,000.00 554,000.00 -1,430,000.00 1,597,000.00 1,159,000.00 662,000.00 -1,955,000.00 2,332,000.00 1,663,000.00 869,000.00
Deprecation and Amortization 356,000.00 233,000.00 113,000.00 -197,000.00 318,000.00 210,000.00 100,000.00 -172,000.00 276,000.00 181,000.00 88,000.00 -148,000.00 242,000.00 159,000.00 78,000.00 -101,000.00 180,000.00 119,000.00 59,000.00
EBITDA 2,979,000.00 1,931,000.00 978,000.00 -2,030,000.00 2,677,000.00 1,806,000.00 914,000.00 -1,324,000.00 1,946,000.00 1,298,000.00 642,000.00 -1,578,000.00 1,839,000.00 1,318,000.00 740,000.00 -2,056,000.00 2,512,000.00 1,782,000.00 928,000.00
EPS 0.01 0.01 0.00 -0.00 0.01 0.01 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
Diluted EPS 0.01 0.01 0.00 0.00 0.01 0.01 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
Average Shares Outstanding Basic 179,500.00 179,900.00 180,000.00 179,900.00 182,200.00 182,500.00 182,600.00 182,700.00 183,400.00 183,400.00 183,300.00 181,800.00 184,100.00 184,600.00 185,100.00 184,800.00 186,600.00 187,000.00 187,200.00
Average Shares Outstanding Diluted 180,200.00 180,500.00 180,700.00 181,200.00 183,000.00 183,200.00 183,400.00 183,700.00 184,100.00 184,100.00 184,100.00 182,400.00 184,900.00 185,400.00 186,100.00 186,800.00 188,000.00 188,200.00 188,600.00
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 2,043,000.00 1,300,000.00 757,000.00 -1,562,000.00 2,164,000.00 1,461,000.00 775,000.00 -1,343,000.00 1,674,000.00 1,212,000.00 608,000.00 -854,000.00 1,097,000.00 761,000.00 470,000.00 -1,647,000.00 1,706,000.00 1,270,000.00 676,000.00
   Operating Net Income 5,551,000.00 3,611,000.00 1,875,000.00 -3,935,000.00 4,991,000.00 3,389,000.00 1,731,000.00 -3,117,000.00 3,803,000.00 2,634,000.00 1,503,000.00 -3,231,000.00 3,384,000.00 2,475,000.00 1,494,000.00 -768,000.00 5,361,000.00 1,313,000.00 736,000.00
   Deprecation and Amortization 356,000.00 233,000.00 113,000.00 -197,000.00 318,000.00 210,000.00 100,000.00 -172,000.00 276,000.00 181,000.00 88,000.00 -148,000.00 242,000.00 159,000.00 78,000.00 -101,000.00 180,000.00 119,000.00 59,000.00
   Deferred Income Tax 40,000.00 17,000.00 18,000.00 -121,000.00 9,000.00 25,000.00 25,000.00 -49,000.00 -10,000.00 21,000.00 0 -105,000.00 58,000.00 65,000.00 30,000.00 -242,000.00 -79,000.00 59,000.00 44,000.00
   Share Based Compensation 174,000.00 117,000.00 56,000.00 -108,000.00 166,000.00 109,000.00 53,000.00 -94,000.00 143,000.00 97,000.00 47,000.00 -91,000.00 130,000.00 84,000.00 46,000.00 -83,000.00 127,000.00 86,000.00 45,000.00
   Change in Working Capital -404,000.00 -410,000.00 -284,000.00 527,000.00 62,000.00 -13,000.00 36,000.00 838,000.00 -360,000.00 -283,000.00 -204,000.00 797,000.00 -392,000.00 -191,000.00 -154,000.00 734,000.00 5,000.00 -211,000.00 -208,000.00
   Other Operating Activities -3,674,000.00 -2,268,000.00 -1,021,000.00 2,272,000.00 -3,382,000.00 -2,259,000.00 -1,170,000.00 1,251,000.00 -2,178,000.00 -1,438,000.00 -826,000.00 1,924,000.00 -2,325,000.00 -1,831,000.00 -1,024,000.00 -1,187,000.00 -3,888,000.00 -96,000.00 0.00
Investing Cash Flow 44,000.00 98,000.00 224,000.00 106,000.00 -875,000.00 -191,000.00 -96,000.00 112,000.00 -193,000.00 -103,000.00 -63,000.00 243,000.00 -172,000.00 -172,000.00 -161,000.00 -13,000.00 -2,161,000.00 -251,000.00 -194,000.00
   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 245,000.00 160,000.00 85,000.00 -175,000.00 243,000.00 171,000.00 78,000.00 -127,000.00 198,000.00 127,000.00 73,000.00 -113,000.00 204,000.00 133,000.00 59,000.00 4,000.00 77,000.00 44,000.00 14,000.00
   Net Purchase/Sale of Investments Net 814,000.00 697,000.00 592,000.00 -341,000.00 728,000.00 168,000.00 96,000.00 -65,000.00 108,000.00 55,000.00 45,000.00 -152,000.00 244,000.00 182,000.00 46,000.00 126,000.00 137,000.00 109,000.00 65,000.00
   Net Purchase/Sale of Business 241,000.00 235,000.00 233,000.00 83,000.00 114,000.00 14,000.00 14,000.00 15,000.00 3,000.00 3,000.00 0 -175,000.00 97,000.00 92,000.00 83,000.00 -123,000.00 2,026,000.00 138,000.00 138,000.00
   Other Investing Activities -1,256,000.00 -994,000.00 -686,000.00 539,000.00 -1,960,000.00 -544,000.00 -284,000.00 289,000.00 -502,000.00 -288,000.00 -181,000.00 683,000.00 -717,000.00 -579,000.00 -349,000.00 -20,000.00 -4,401,000.00 -542,000.00 -411,000.00
Financing Cash Flow -2,454,000.00 -1,780,000.00 -1,298,000.00 405,000.00 -812,000.00 -731,000.00 -308,000.00 487,000.00 -1,231,000.00 -624,000.00 -216,000.00 813,000.00 -957,000.00 -712,000.00 -352,000.00 825,000.00 135,000.00 -792,000.00 -290,000.00
   Net Issuance/Repayment of Debt 700,000.00 700,000.00 700,000.00 0.00 496,000.00 0 0 -200,000.00 500,000.00 200,000.00 0 -1,356,000.00 1,988,000.00 491,000.00 491,000.00 994,000.00 1,178,000.00 0 0
   Net Issuance/Repurchase of Equity 1,214,000.00 689,000.00 396,000.00 -76,000.00 872,000.00 429,000.00 140,000.00 31,000.00 318,000.00 139,000.00 52,000.00 -1,450,000.00 1,004,000.00 887,000.00 568,000.00 -537,000.00 658,000.00 526,000.00 141,000.00
   Dividends Paid 536,000.00 367,000.00 195,000.00 -304,000.00 466,000.00 310,000.00 155,000.00 -277,000.00 426,000.00 283,000.00 141,000.00 -262,000.00 388,000.00 260,000.00 130,000.00 -231,000.00 350,000.00 233,000.00 116,000.00
   Other Financing Activities -4,904,000.00 -3,536,000.00 -2,589,000.00 785,000.00 -2,646,000.00 -1,470,000.00 -603,000.00 933,000.00 -2,475,000.00 -1,246,000.00 -409,000.00 3,881,000.00 -4,337,000.00 -2,350,000.00 -1,541,000.00 599,000.00 -2,051,000.00 -1,551,000.00 -547,000.00
Net Change in Cash -227,000.00 -234,000.00 -269,000.00 -1,085,000.00 512,000.00 505,000.00 346,000.00 -735,000.00 237,000.00 509,000.00 350,000.00 368,000.00 -155,000.00 -194,000.00 -61,000.00 -812,000.00 -358,000.00 212,000.00 172,000.00
   Cash at Beginning of Period 2,408,000.00 2,408,000.00 2,408,000.00 3,493,000.00 2,130,000.00 2,130,000.00 2,130,000.00 2,865,000.00 1,769,000.00 1,769,000.00 1,769,000.00 1,401,000.00 1,811,000.00 1,811,000.00 1,811,000.00 2,623,000.00 2,597,000.00 2,597,000.00 2,597,000.00
   Cash at End of Period 2,181,000.00 2,174,000.00 2,139,000.00 2,408,000.00 2,642,000.00 2,635,000.00 2,476,000.00 2,130,000.00 2,006,000.00 2,278,000.00 2,119,000.00 1,769,000.00 1,656,000.00 1,617,000.00 1,750,000.00 1,811,000.00 2,239,000.00 2,809,000.00 2,769,000.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0