Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 45.12 80.02 88.43 807.43
Price to Sales 4.15 5.46 4.04 9.50
Book Value Per Common Share 85.82 60.58 36.35 30.38 33.12
Price to Book 19.81 25.94 23.28 44.39
Price to Operating Cash Flow 10.89 15.37 14.49 69.59
Price to Free Cash Flow
Enterprise Value to EBITDA 282738.03 383592.86 359508.30 1529225.20
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Price to Earnings 82.37 130.29 200.29 81.78 95.21 223.00 77.31 128.34 328.69 131.39 170.74 914.98 645.92 2257.67 -2164.91
Price to Sales 5.88 10.41 16.66 7.07 8.86 17.69 6.22 9.22 21.81 5.53 6.62 26.67 16.92 25.20 53.26
Book Value Per Common Share 122.65 112.69 98.70 85.82 78.94 72.11 66.87 60.58 54.28 84.02 73.32 36.35 32.43 31.39 31.54 30.38 2.49 1.63 -1.22 33.12
Price to Book 19.05 23.19 19.76 19.81 25.99 22.79 22.61 25.94 23.36 14.10 17.98 23.28 25.53 20.29 37.71 44.39 675.43 955.70 -1206.87
Price to Operating Cash Flow 17.15 33.56 95.93 20.83 24.55 50.70 19.79 26.19 77.10 29.82 47.61 -257.34 316.13 -81134.90 -279.14
Price to Free Cash Flow
Enterprise Value to EBITDA 449108.81 739001.63 1126457.99 487480.24 571827.42 1207112.72 373964.91 567294.95 1483768.13 552895.01 699978.84 3073008.19 2019345.28 3324211.53 15304517.25

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 91.90 105.22 473.05
Revenue YoY 43.56 37.35 49.05 77.92
EBITDA YoY 46.80 75.57 166.10 138.62
Net Profit YoY 93.62 104.77 478.60 1305.50
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Earning YoY 41.43 105.95 45.37 154.57 77.68 130.17 68.90 186.92 276.81
Revenue YoY 58.22 114.41 56.47 117.08 58.28 112.45 55.52 115.52 60.28 123.53
EBITDA YoY 47.13 104.21 46.47 129.45 63.67 134.53 64.41 134.87 76.57 385.81
Net Profit YoY 41.40 105.87 45.37 154.36 77.54 130.35 68.62 189.23 278.57

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 372.46 298.77 189.17 132.77 49.47
Quick Ratio 1.77 1.58 1.69 1.80 1.06
Current Ratio 1.28 1.33 1.38 1.58 1.56
Debt to Equity 4.55 3.80 5.15 4.29 3.20
Long-Term Debt to Equity 0.93 0.86 1.34 1.30 0.75
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Cash Per Common Share 519.34 462.11 386.39 372.47 325.05 316.23 301.81 296.21 268.06 281.23 251.11 189.50 150.76 101.85 100.72 131.15 82.23 25.29 24.24 49.34
Quick Ratio 1.67 1.73 1.71 1.77 1.83 1.89 1.84 1.58 1.88 1.95 1.94 1.69 1.78 1.51 1.66 1.80 1.60 0.89 0.84 1.06
Current Ratio 1.27 1.32 1.30 1.28 1.34 1.35 1.32 1.33 1.33 1.37 1.37 1.38 1.48 1.46 1.62 1.58 1.39 1.31 1.32 1.56
Debt to Equity 4.29 4.33 4.13 4.55 4.54 4.57 3.95 3.80 4.12 4.17 4.43 5.15 4.78 4.72 4.11 4.29 9.14 11.39 16.06 3.20
Long-Term Debt to Equity 0.95 1.07 0.97 0.93 1.11 1.00 0.85 0.86 0.91 0.99 1.10 1.34 1.47 1.40 1.40 1.30 3.01 3.79 5.49 0.75

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 5.83 4.36 2.59 0.60 0.07
ROE 32.36 20.90 15.94 3.19 0.30
Gross Margin 46.09 49.79 49.00 42.51 43.02
Operating Margin 11.71 10.73 7.40 3.40 2.05
EBITDA Margin 14.67 14.35 11.23 6.29 4.69
Net Profit Margin 9.20 6.82 4.57 1.18 0.15
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
ROA 3.50 2.77 1.60 4.42 3.46 1.39 3.80 2.22 1.04 1.95 1.21 0.43 1.37 0.41 -0.01
ROE 18.51 14.74 8.20 24.49 19.28 6.88 19.41 11.48 5.67 11.27 6.90 2.20 13.86 5.09 -0.10
Gross Margin 45.07 46.09 46.69 46.39 46.66 46.71 51.42 50.47 50.58 49.17 48.65 47.73 43.57 43.66 42.90
Operating Margin 10.22 11.17 11.90 11.34 12.22 11.10 12.96 12.28 10.54 6.26 5.66 4.94 5.56 4.82 0.69
EBITDA Margin 13.10 14.09 14.79 14.50 15.49 14.66 16.76 16.21 14.69 9.99 9.45 8.67 8.33 7.56 3.48
Net Profit Margin 7.14 7.99 8.32 8.64 9.30 7.94 8.05 7.18 6.62 4.21 3.88 2.89 2.62 1.11 -0.03

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Dividend Yield
Dividend Payout Ratio
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 32,775,000.00 22,652,000.00 18,594,000.00 13,806,375.00 8,370,516.00
   Current Assets 22,045,000.00 15,952,000.00 12,528,000.00 9,343,253.00 5,710,525.00
   Deposits 100.00 100.00 100.00 0 0
      Cash and Short-Term Investments 18,883,000.00 15,017,000.00 9,524,000.00 6,612,556.00 2,460,751.00
            Cash and Cash Equivalents 9,890,000.00 8,051,000.00 7,185,000.00 4,993,339.00 3,409,926.00
            Short-Term Investments 8,993,000.00 6,966,000.00 2,339,000.00 1,619,217.00 1,241,306.00
      Net Receivables 11,669,000.00 3,893,000.00 5,896,000.00 4,022,743.00 1,411,646.00
      Inventory 296,000.00 238,000.00 152,000.00 253,077.00 118,140.00
      Other Current Assets -8,803,000.00 -3,196,000.00 -3,044,000.00 -1,545,123.00 1,719,988.00
   Non-Current Assets 10,730,000.00 6,700,000.00 6,066,000.00 4,463,122.00 2,659,991.00
      Property, Plant, Equipment Net 2,478,000.00 3,947,000.00 1,649,000.00 1,268,542.00 694,898.00
      Goodwill 149,000.00 163,000.00 153,000.00 148,243.00 85,211.00
      Intangible Assets 12,000.00 11,000.00 25,000.00 44,974.00 14,155.00
      Long-Term Investments 3,038,000.00 347,000.00 721,000.00 296,433.00 358,422.00
      Non-Current Deferred Assets 802,000.00 710,000.00 346,000.00 181,266.00 134,916.00
      Other Non-Current Assets 4,251,000.00 1,522,000.00 3,172,000.00 2,523,664.00 1,372,389.00
Liabilities 26,870,000.00 17,929,000.00 15,571,000.00 11,195,229.00 6,379,337.00
   Current Liabilities 17,215,000.00 11,991,000.00 9,102,000.00 5,913,743.00 3,661,322.00
      Payables and Expenses 3,197,000.00 2,117,000.00 1,397,000.00 2,072,382.00 1,534,772.00
            Account Payables 0 0 0 0 0
            Current Accrued Liabilities 727,000.00 545,000.00 401,000.00 313,192.00 207,358.00
      Short-Term Debt 3,679,000.00 3,151,000.00 2,808,000.00 1,454,138.00 628,981.00
      Other Current Liabilities 10,339,000.00 6,723,000.00 4,897,000.00 2,387,223.00 1,497,569.00
   Non-Current Liabilities 5,474,000.00 4,060,000.00 4,050,000.00 3,407,201.00 1,487,689.00
      Long-Term Debt 5,013,000.00 3,657,000.00 3,844,000.00 3,279,305.00 1,353,292.00
      Other Non-Current Liabilities 461,000.00 403,000.00 206,000.00 127,896.00 134,397.00
Equity 5,905,000.00 4,723,000.00 3,023,000.00 2,611,146.00 1,991,179.00
   Shareholders Equity 4,351,000.00 3,071,000.00 1,827,000.00 1,531,691.00 1,651,578.00
      Capital Stock 0 0 0 50.00 50.00
      Share Premium 1,770,000.00 1,770,000.00 2,309,000.00 2,439,345.00 1,860,502.00
      Retained Earnings 3,812,000.00 1,901,000.00 913,000.00 397,419.00 314,115.00
      Treasury Shares 311,000.00 310,000.00 931,000.00 789,982.00 54,805.00
      Accumulated Other Comprehensive Income -920,000.00 -290,000.00 -464,000.00 -515,141.00 -468,284.00
   Minority Interest 0 0 0 0 0
Investments 12,129,000.00 7,313,000.00 5,399,000.00 1,915,650.00 2,841,034.00
Debt 8,692,000.00 6,808,000.00 6,652,000.00 4,733,443.00 1,982,273.00
Common Shares Outstanding 50,697.38 50,697.44 50,257.75 50,418.98 49,869.73
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 20,777,000.00 14,473,000.00 10,537,000.00 7,069,409.00 3,973,465.00
Cost Of Revenue 11,200,000.00 7,267,000.00 5,374,000.00 4,064,357.00 2,264,255.00
Gross Profit 9,577,000.00 7,206,000.00 5,163,000.00 3,005,052.00 1,709,210.00
Operating Expenses 6,946,000.00 5,383,000.00 4,129,000.00 2,564,349.00 1,581,518.00
   Selling, General and Administrative Expenses 3,154,000.00 2,503,000.00 1,957,000.00 1,974,021.00 1,229,044.00
   Research and Development Expenses 1,934,000.00 2,092,000.00 1,099,000.00 590,328.00 352,474.00
   Other Operating Expenses 1,858,000.00 788,000.00 1,073,000.00 0.00 0.00
Operating Income 2,631,000.00 1,823,000.00 1,034,000.00 440,703.00 127,692.00
Net Non-Operating Income -199,000.00 -270,000.00 -254,000.00 -200,075.00 -46,377.00
Interest Expense 0.00 0.00 0.00 0.00 0.00
Net Interest 148,000.00 727,000.00 265,000.00 137,962.00 104,796.00
EBT 2,432,000.00 1,553,000.00 780,000.00 240,628.00 81,315.00
Income Tax 361,000.00 422,000.00 224,000.00 133,702.00 84,562.00
Net Income 1,911,000.00 987,000.00 482,000.00 83,304.00 5,927.00
EBIT 2,432,000.00 1,553,000.00 780,000.00 240,628.00 81,315.00
Deprecation and Amortization 617,000.00 524,000.00 403,000.00 203,942.00 104,992.00
EBITDA 3,049,000.00 2,077,000.00 1,183,000.00 444,570.00 186,307.00
EPS 0.04 0.02 0.01 0.00 -0.00
Diluted EPS 0.04 0.02 0.01 0.00 -0.00
Average Shares Outstanding Basic 50,697.43 50,262.30 50,345.35 49,802.99 49,740.41
Average Shares Outstanding Diluted 50,697.43 51,006.86 51,335.62 49,802.99 49,740.41
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 7,918,000.00 5,140,000.00 2,940,000.00 965,043.00 1,182,552.00
   Operating Net Income 1,911,000.00 987,000.00 950,000.00 165,117.00 4,513.00
   Deprecation and Amortization 617,000.00 524,000.00 403,000.00 203,942.00 104,992.00
   Deferred Income Tax -243,000.00 -284,000.00 -97,000.00 -29,481.00 -70,315.00
   Share Based Compensation 261,000.00 167,000.00 85,000.00 89,453.00 130,305.00
   Change in Working Capital 2,101,000.00 1,314,000.00 345,000.00 656,441.00 744,157.00
   Other Operating Activities 3,271,000.00 2,432,000.00 1,254,000.00 -120,429.00 268,900.00
Investing Cash Flow -8,287,000.00 -3,450,000.00 -3,871,000.00 -1,596,533.00 -252,181.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 860,000.00 509,000.00 455,000.00 609,496.00 247,415.00
   Net Purchase/Sale of Investments Net 30,672,000.00 37,036,000.00 23,717,000.00 15,171,287.00 10,732,338.00
   Net Purchase/Sale of Business 6,000.00 0 0 64,140.00 8,815.00
   Other Investing Activities -39,825,000.00 -40,995,000.00 -28,043,000.00 -17,441,456.00 -11,240,749.00
Financing Cash Flow 1,959,000.00 -267,000.00 916,000.00 1,924,983.00 242,266.00
   Net Issuance/Repayment of Debt 36,984,000.00 49,837,000.00 32,970,000.00 16,059,839.00 4,186,938.00
   Net Issuance/Repurchase of Equity 1,000.00 356,000.00 148,000.00 2,005,431.00 54,085.00
   Dividends Paid 0 0 0 0 3,356.00
   Other Financing Activities -35,026,000.00 -50,460,000.00 -32,202,000.00 -16,140,287.00 -4,002,113.00
Net Change in Cash 851,000.00 485,000.00 -285,000.00 1,139,739.00 1,056,800.00
   Cash at Beginning of Period 3,848,000.00 3,363,000.00 3,648,000.00 2,508,224.00 1,451,424.00
   Cash at End of Period 4,699,000.00 3,848,000.00 3,363,000.00 3,647,963.00 2,508,224.00
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 41,114,000.00 36,781,000.00 30,863,000.00 32,775,000.00 28,767,000.00 25,294,000.00 24,763,000.00 22,652,000.00 21,660,000.00 20,867,000.00 19,268,000.00 18,594,000.00 16,259,000.00 15,589,000.00 15,104,000.00 13,806,375.00 9,467,845.00 8,315,953.00 7,074,204.00 8,370,516.00
   Current Assets 33,012,000.00 29,717,000.00 24,778,000.00 22,045,000.00 19,780,000.00 18,029,000.00 17,215,000.00 15,952,000.00 14,607,000.00 14,178,000.00 13,068,000.00 12,528,000.00 10,997,000.00 10,467,000.00 10,266,000.00 9,343,253.00 6,031,721.00 5,109,768.00 4,271,230.00 5,710,525.00
   Deposits 77,000.00 75,000.00 72,000.00 100.00 47,000.00 32,000.00 35,000.00 100.00 0 0 0 100.00 0 0 0 0 0 0 0 0
      Cash and Short-Term Investments 26,329,000.00 23,428,000.00 19,589,000.00 18,883,000.00 16,479,000.00 16,032,000.00 15,301,000.00 15,017,000.00 13,440,000.00 14,119,000.00 12,617,000.00 9,524,000.00 7,593,000.00 5,132,000.00 5,077,000.00 6,612,556.00 4,091,921.00 1,260,391.00 1,208,729.00 2,460,751.00
            Cash and Cash Equivalents 18,885,000.00 14,147,000.00 9,406,000.00 9,890,000.00 7,436,000.00 7,872,000.00 7,948,000.00 8,051,000.00 6,793,000.00 8,440,000.00 7,658,000.00 7,185,000.00 5,650,000.00 3,487,000.00 3,665,000.00 4,993,339.00 2,008,011.00 1,930,540.00 1,614,750.00 3,409,926.00
            Short-Term Investments 7,444,000.00 9,281,000.00 10,183,000.00 8,993,000.00 9,043,000.00 8,160,000.00 7,353,000.00 6,966,000.00 6,647,000.00 5,679,000.00 4,959,000.00 2,339,000.00 1,943,000.00 1,645,000.00 1,412,000.00 1,619,217.00 2,083,910.00 898,367.00 980,076.00 1,241,306.00
      Net Receivables 17,040,000.00 15,493,000.00 12,989,000.00 11,669,000.00 10,525,000.00 9,122,000.00 8,649,000.00 3,893,000.00 7,147,000.00 6,141,000.00 5,929,000.00 5,896,000.00 5,607,000.00 5,687,000.00 5,418,000.00 4,022,743.00 2,870,073.00 2,210,479.00 1,498,673.00 1,411,646.00
      Inventory 532,000.00 434,000.00 358,000.00 296,000.00 322,000.00 257,000.00 223,000.00 238,000.00 246,000.00 236,000.00 199,000.00 152,000.00 160,000.00 183,000.00 239,000.00 253,077.00 226,694.00 169,449.00 131,460.00 118,140.00
      Other Current Assets -10,889,000.00 -9,638,000.00 -8,158,000.00 -8,803,000.00 -7,546,000.00 -7,382,000.00 -6,958,000.00 -3,196,000.00 -6,226,000.00 -6,318,000.00 -5,677,000.00 -3,044,000.00 -2,363,000.00 -535,000.00 -468,000.00 -1,545,123.00 -1,156,967.00 1,469,449.00 1,432,368.00 1,719,988.00
   Non-Current Assets 8,102,000.00 7,064,000.00 6,085,000.00 10,730,000.00 8,987,000.00 7,265,000.00 7,548,000.00 6,700,000.00 7,053,000.00 6,689,000.00 6,200,000.00 6,066,000.00 5,262,000.00 5,122,000.00 4,838,000.00 4,463,122.00 3,436,124.00 3,206,185.00 2,802,974.00 2,659,991.00
      Property, Plant, Equipment Net 4,100,000.00 3,463,000.00 2,825,000.00 2,478,000.00 7,714,000.00 6,747,000.00 7,263,000.00 3,947,000.00 5,629,000.00 5,604,000.00 3,127,000.00 1,649,000.00 1,532,000.00 1,457,000.00 1,509,000.00 1,268,542.00 1,092,334.00 1,015,250.00 803,953.00 694,898.00
      Goodwill 161,000.00 160,000.00 155,000.00 149,000.00 149,000.00 149,000.00 158,000.00 163,000.00 159,000.00 166,000.00 160,000.00 153,000.00 147,000.00 149,000.00 162,000.00 148,243.00 80,949.00 85,165.00 82,830.00 85,211.00
      Intangible Assets 38,000.00 39,000.00 39,000.00 12,000.00 12,000.00 13,000.00 12,000.00 11,000.00 21,000.00 22,000.00 24,000.00 25,000.00 29,000.00 31,000.00 43,000.00 44,974.00 30,709.00 23,894.00 20,271.00 14,155.00
      Long-Term Investments 3,667,000.00 3,584,000.00 3,423,000.00 3,038,000.00 3,348,000.00 1,015,000.00 644,000.00 347,000.00 398,000.00 414,000.00 627,000.00 721,000.00 833,000.00 1,017,000.00 412,000.00 296,433.00 136,241.00 401,789.00 381,753.00 358,422.00
      Non-Current Deferred Assets 1,376,000.00 1,139,000.00 968,000.00 802,000.00 780,000.00 767,000.00 810,000.00 710,000.00 489,000.00 348,000.00 357,000.00 346,000.00 306,000.00 248,000.00 235,000.00 181,266.00 127,508.00 132,618.00 124,272.00 134,916.00
      Other Non-Current Assets -1,240,000.00 -1,321,000.00 -1,325,000.00 4,251,000.00 -3,016,000.00 -1,426,000.00 -1,339,000.00 1,522,000.00 357,000.00 135,000.00 1,905,000.00 3,172,000.00 2,415,000.00 2,220,000.00 2,477,000.00 2,523,664.00 1,968,383.00 1,547,469.00 1,389,895.00 1,372,389.00
Liabilities 33,346,000.00 29,883,000.00 24,842,000.00 26,870,000.00 23,572,000.00 20,755,000.00 19,762,000.00 17,929,000.00 17,426,000.00 16,834,000.00 15,722,000.00 15,571,000.00 13,446,000.00 12,863,000.00 12,151,000.00 11,195,229.00 8,534,069.00 7,644,967.00 6,659,591.00 6,379,337.00
   Current Liabilities 25,946,000.00 22,530,000.00 18,997,000.00 17,215,000.00 14,745,000.00 13,339,000.00 12,994,000.00 11,991,000.00 10,974,000.00 10,369,000.00 9,556,000.00 9,102,000.00 7,414,000.00 7,165,000.00 6,340,000.00 5,913,743.00 4,345,574.00 3,896,620.00 3,230,867.00 3,661,322.00
      Payables and Expenses 4,053,000.00 3,876,000.00 3,331,000.00 3,197,000.00 2,940,000.00 2,556,000.00 2,203,000.00 2,117,000.00 1,910,000.00 1,831,000.00 1,598,000.00 1,397,000.00 1,156,000.00 1,137,000.00 1,030,000.00 2,072,382.00 906,693.00 857,830.00 612,342.00 1,534,772.00
            Account Payables 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
            Current Accrued Liabilities 840,000.00 670,000.00 647,000.00 727,000.00 665,000.00 482,000.00 531,000.00 545,000.00 519,000.00 394,000.00 425,000.00 401,000.00 345,000.00 273,000.00 319,000.00 313,192.00 277,489.00 204,174.00 193,166.00 207,358.00
      Short-Term Debt 6,143,000.00 4,869,000.00 4,717,000.00 3,679,000.00 2,841,000.00 2,765,000.00 3,146,000.00 3,151,000.00 3,107,000.00 3,201,000.00 3,214,000.00 2,808,000.00 2,439,000.00 2,369,000.00 1,677,000.00 1,454,138.00 907,555.00 687,505.00 607,586.00 628,981.00
      Other Current Liabilities 15,750,000.00 13,785,000.00 10,949,000.00 10,339,000.00 8,964,000.00 8,018,000.00 7,645,000.00 6,723,000.00 5,957,000.00 5,337,000.00 4,744,000.00 4,897,000.00 3,819,000.00 3,659,000.00 3,633,000.00 2,387,223.00 2,531,326.00 2,351,285.00 2,010,939.00 1,497,569.00
   Non-Current Liabilities 7,400,000.00 7,353,000.00 5,845,000.00 5,474,000.00 5,763,000.00 4,517,000.00 4,228,000.00 4,060,000.00 3,851,000.00 3,979,000.00 3,907,000.00 4,050,000.00 4,144,000.00 3,809,000.00 4,122,000.00 3,407,201.00 2,812,369.00 2,544,310.00 2,274,161.00 1,487,689.00
      Long-Term Debt 6,494,000.00 6,685,000.00 5,105,000.00 5,013,000.00 5,328,000.00 4,119,000.00 3,689,000.00 3,657,000.00 3,571,000.00 3,680,000.00 3,602,000.00 3,844,000.00 4,028,000.00 3,700,000.00 3,988,000.00 3,279,305.00 2,699,585.00 2,453,896.00 2,188,013.00 1,353,292.00
      Other Non-Current Liabilities 906,000.00 668,000.00 740,000.00 461,000.00 435,000.00 398,000.00 539,000.00 403,000.00 280,000.00 299,000.00 305,000.00 206,000.00 116,000.00 109,000.00 134,000.00 127,896.00 112,784.00 90,414.00 86,148.00 134,397.00
Equity 7,768,000.00 6,898,000.00 6,021,000.00 5,905,000.00 5,195,000.00 4,539,000.00 5,001,000.00 4,723,000.00 4,234,000.00 4,033,000.00 3,546,000.00 3,023,000.00 2,813,000.00 2,726,000.00 2,953,000.00 2,611,146.00 933,776.00 670,986.00 414,613.00 1,991,179.00
   Shareholders Equity 6,218,000.00 5,713,000.00 5,004,000.00 4,351,000.00 4,002,000.00 3,656,000.00 3,390,000.00 3,071,000.00 2,741,000.00 4,209,000.00 3,681,000.00 1,827,000.00 1,631,000.00 1,580,000.00 1,589,000.00 1,531,691.00 122,976.00 81,030.00 -60,808.00 1,651,578.00
      Capital Stock 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 50.00 49.00 50.00 50.00 50.00
      Share Premium 1,771,000.00 1,770,000.00 1,770,000.00 1,770,000.00 1,770,000.00 1,770,000.00 1,770,000.00 1,770,000.00 1,959,000.00 2,309,000.00 2,309,000.00 2,309,000.00 2,308,000.00 2,308,000.00 2,308,000.00 2,439,345.00 919,584.00 455,206.00 275,632.00 1,860,502.00
      Retained Earnings 5,250,000.00 4,829,000.00 4,306,000.00 3,812,000.00 3,173,000.00 2,776,000.00 2,245,000.00 1,901,000.00 1,735,000.00 1,376,000.00 1,114,000.00 913,000.00 748,000.00 619,000.00 496,000.00 397,419.00 443,523.00 348,298.00 280,103.00 314,115.00
      Treasury Shares 312,000.00 311,000.00 311,000.00 311,000.00 311,000.00 311,000.00 310,000.00 310,000.00 587,000.00 1,138,000.00 992,000.00 931,000.00 898,000.00 858,000.00 829,000.00 789,982.00 744,102.00 276,220.00 80,126.00 54,805.00
      Accumulated Other Comprehensive Income -491,000.00 -575,000.00 -761,000.00 -920,000.00 -630,000.00 -579,000.00 -315,000.00 -290,000.00 -366,000.00 -295,000.00 -391,000.00 -464,000.00 -527,000.00 -489,000.00 -386,000.00 -515,141.00 -496,078.00 -446,304.00 -506,063.00 -468,284.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 11,267,000.00 13,003,000.00 13,712,000.00 12,129,000.00 12,493,000.00 9,283,000.00 7,997,000.00 7,313,000.00 7,045,000.00 6,093,000.00 5,586,000.00 5,399,000.00 4,719,000.00 4,307,000.00 3,236,000.00 1,915,650.00 2,220,151.00 2,198,523.00 2,341,905.00 2,841,034.00
Debt 12,637,000.00 11,554,000.00 9,822,000.00 8,692,000.00 8,169,000.00 6,884,000.00 6,835,000.00 6,808,000.00 6,678,000.00 6,881,000.00 6,816,000.00 6,652,000.00 6,467,000.00 6,069,000.00 5,665,000.00 4,733,443.00 3,607,140.00 3,141,401.00 2,795,599.00 1,982,273.00
Net Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 937,000.00 588,000.00 0 0 1,881,010.00 1,586,870.00 0
Common Shares Outstanding 50,697.18 50,697.38 50,697.38 50,697.38 50,697.44 50,697.44 50,697.44 50,697.44 50,496.47 50,092.67 50,207.61 50,257.75 50,294.89 50,338.28 50,377.98 50,418.98 49,458.96 49,711.65 49,852.32 49,869.73
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 20,134,000.00 12,725,000.00 5,935,000.00 -7,680,000.00 14,718,000.00 9,406,000.00 4,333,000.00 -5,228,000.00 10,212,000.00 6,452,000.00 3,037,000.00 -4,091,000.00 7,535,000.00 4,845,000.00 2,248,000.00 -2,328,866.00 4,938,643.00 3,081,191.00 1,378,441.00
Cost Of Revenue 11,060,000.00 6,860,000.00 3,164,000.00 -4,016,000.00 7,890,000.00 5,017,000.00 2,309,000.00 -2,391,000.00 4,961,000.00 3,196,000.00 1,501,000.00 -2,119,000.00 3,830,000.00 2,488,000.00 1,175,000.00 -1,245,357.00 2,786,756.00 1,735,894.00 787,064.00
Interest Expense 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 Interest 130,000.00 81,000.00 37,000.00 -48,000.00 107,000.00 64,000.00 25,000.00 -328,000.00 545,000.00 349,000.00 161,000.00 15,000.00 142,000.00 77,000.00 31,000.00 -20,933.00 84,588.00 49,236.00 25,071.00
Provisions for Credit Losses 0 0 0 0 0 0 0 0 0 0 0 0 845,000.00 557,000.00 0 0 0 0 0
Gross Profit 9,074,000.00 5,865,000.00 2,771,000.00 -3,664,000.00 6,828,000.00 4,389,000.00 2,024,000.00 -2,837,000.00 5,251,000.00 3,256,000.00 1,536,000.00 -1,972,000.00 3,705,000.00 2,357,000.00 1,073,000.00 -1,083,509.00 2,151,887.00 1,345,297.00 591,377.00
Operating Expenses 6,762,000.00 4,277,000.00 2,008,000.00 -2,702,000.00 5,017,000.00 3,135,000.00 1,496,000.00 -1,839,000.00 3,668,000.00 2,358,000.00 1,196,000.00 -1,793,000.00 3,020,000.00 1,968,000.00 934,000.00 -758,972.00 1,734,500.00 1,088,288.00 500,533.00
   Selling, General and Administrative Expenses 2,969,000.00 1,866,000.00 854,000.00 -1,167,000.00 2,264,000.00 1,393,000.00 664,000.00 -967,000.00 1,772,000.00 1,135,000.00 563,000.00 -1,059,000.00 1,401,000.00 915,000.00 700,000.00 -539,554.00 1,323,809.00 815,268.00 374,498.00
   Research and Development Expenses 1,685,000.00 1,118,000.00 551,000.00 -864,000.00 1,422,000.00 918,000.00 458,000.00 -183,000.00 1,145,000.00 749,000.00 381,000.00 -405,000.00 774,000.00 496,000.00 234,000.00 -219,418.00 410,691.00 273,020.00 126,035.00
   Other Operating Expenses 2,108,000.00 1,293,000.00 603,000.00 -671,000.00 1,331,000.00 824,000.00 374,000.00 -689,000.00 751,000.00 474,000.00 252,000.00 -329,000.00 845,000.00 557,000.00 0.00 0.00 0.00 0.00 0.00
Operating Income 2,312,000.00 1,588,000.00 763,000.00 -962,000.00 1,811,000.00 1,254,000.00 528,000.00 -998,000.00 1,583,000.00 898,000.00 340,000.00 -179,000.00 685,000.00 389,000.00 139,000.00 -324,537.00 417,387.00 257,009.00 90,844.00
Net Non-Operating Income -254,000.00 -166,000.00 -57,000.00 95,000.00 -142,000.00 -105,000.00 -47,000.00 116,000.00 -260,000.00 -106,000.00 -20,000.00 102,000.00 -213,000.00 -115,000.00 -28,000.00 132,627.00 -142,820.00 -108,575.00 -81,307.00
EBT 2,058,000.00 1,422,000.00 706,000.00 -867,000.00 1,669,000.00 1,149,000.00 481,000.00 -882,000.00 1,323,000.00 792,000.00 320,000.00 -77,000.00 472,000.00 274,000.00 111,000.00 -191,910.00 274,567.00 148,434.00 9,537.00
Income Tax 570,000.00 368,000.00 194,000.00 -404,000.00 374,000.00 255,000.00 136,000.00 -383,000.00 416,000.00 276,000.00 113,000.00 13,000.00 105,000.00 62,000.00 44,000.00 -157,328.00 132,521.00 115,176.00 43,333.00
Net Income 1,438,000.00 1,017,000.00 494,000.00 -580,000.00 1,272,000.00 875,000.00 344,000.00 -499,000.00 822,000.00 463,000.00 201,000.00 -88,000.00 317,000.00 188,000.00 65,000.00 -79,867.00 129,408.00 34,183.00 -420.00
EBIT 2,058,000.00 1,422,000.00 706,000.00 -867,000.00 1,669,000.00 1,149,000.00 481,000.00 -882,000.00 1,323,000.00 792,000.00 320,000.00 -77,000.00 472,000.00 274,000.00 111,000.00 -191,910.00 274,567.00 148,434.00 9,537.00
Deprecation and Amortization 580,000.00 371,000.00 172,000.00 -310,000.00 465,000.00 308,000.00 154,000.00 -245,000.00 389,000.00 254,000.00 126,000.00 -146,000.00 281,000.00 184,000.00 84,000.00 -55,760.00 136,761.00 84,525.00 38,416.00
EBITDA 2,638,000.00 1,793,000.00 878,000.00 -1,177,000.00 2,134,000.00 1,457,000.00 635,000.00 -1,127,000.00 1,712,000.00 1,046,000.00 446,000.00 -223,000.00 753,000.00 458,000.00 195,000.00 -247,670.00 411,328.00 232,959.00 47,953.00
EPS 0.03 0.02 0.01 -0.00 0.03 0.02 0.01 -0.00 0.02 0.01 0.00 -0.00 0.01 0.00 0.00 -0.00 0.00 0.00 -0.00
Diluted EPS 0.03 0.02 0.01 0.00 0.03 0.02 0.01 0.00 0.02 0.01 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 -0.00
Average Shares Outstanding Basic 50,697.34 50,697.38 50,697.38 50,697.38 50,697.44 50,697.44 50,697.44 50,462.66 50,137.83 50,203.65 50,245.07 50,220.33 50,365.81 50,386.52 50,408.75 49,738.16 49,761.36 49,844.82 49,867.62
Average Shares Outstanding Diluted 50,697.34 50,697.38 50,697.38 50,697.38 50,697.44 50,697.44 50,697.44 51,259.23 50,338.94 51,193.92 51,235.34 53,191.13 51,356.08 50,386.52 50,408.75 49,738.16 49,761.36 49,844.82 49,867.62
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 6,907,000.00 3,948,000.00 1,031,000.00 -1,982,000.00 4,994,000.00 3,394,000.00 1,512,000.00 -1,202,000.00 3,212,000.00 2,271,000.00 859,000.00 1,101,000.00 1,398,000.00 674,000.00 -233,000.00 964,652.00 264,347.00 -959.00 -262,997.00
   Operating Net Income 1,438,000.00 1,017,000.00 494,000.00 -580,000.00 1,272,000.00 875,000.00 344,000.00 -698,000.00 822,000.00 462,000.00 401,000.00 337,000.00 304,000.00 181,000.00 128,000.00 70,024.00 127,558.00 35,979.00 -68,444.00
   Deprecation and Amortization 580,000.00 371,000.00 172,000.00 -310,000.00 465,000.00 308,000.00 154,000.00 -245,000.00 389,000.00 254,000.00 126,000.00 -146,000.00 281,000.00 184,000.00 84,000.00 -55,760.00 136,761.00 84,525.00 38,416.00
   Deferred Income Tax -310,000.00 -154,000.00 -60,000.00 180,000.00 -167,000.00 -191,000.00 -65,000.00 -232,000.00 -84,000.00 24,000.00 8,000.00 90,000.00 -96,000.00 -67,000.00 -24,000.00 -68,263.00 18,383.00 16,411.00 3,988.00
   Share Based Compensation 252,000.00 188,000.00 92,000.00 -144,000.00 210,000.00 127,000.00 68,000.00 -85,000.00 122,000.00 83,000.00 47,000.00 -40,000.00 60,000.00 35,000.00 30,000.00 -69,433.00 84,510.00 51,282.00 23,094.00
   Change in Working Capital 1,067,000.00 671,000.00 119,000.00 -695,000.00 1,520,000.00 874,000.00 402,000.00 4,000.00 717,000.00 391,000.00 202,000.00 367,000.00 42,000.00 23,000.00 -87,000.00 306,470.00 355,906.00 133,613.00 -139,548.00
   Other Operating Activities 3,880,000.00 1,855,000.00 214,000.00 -433,000.00 1,694,000.00 1,401,000.00 609,000.00 54,000.00 1,246,000.00 1,057,000.00 75,000.00 493,000.00 807,000.00 318,000.00 -364,000.00 781,614.00 -458,771.00 -322,769.00 -120,503.00
Investing Cash Flow -4,178,000.00 -3,067,000.00 -1,842,000.00 2,889,000.00 -6,159,000.00 -3,551,000.00 -1,466,000.00 830,000.00 -2,536,000.00 -1,206,000.00 -538,000.00 3,139,000.00 -3,225,000.00 -2,561,000.00 -1,224,000.00 -354,631.00 -887,410.00 -256,559.00 -97,933.00
   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 916,000.00 559,000.00 272,000.00 -175,000.00 555,000.00 332,000.00 148,000.00 -112,000.00 329,000.00 203,000.00 89,000.00 -262,000.00 343,000.00 237,000.00 137,000.00 -247,161.00 453,857.00 282,323.00 120,477.00
   Net Purchase/Sale of Investments Net 21,125,000.00 13,252,000.00 8,147,000.00 -15,835,000.00 22,472,000.00 16,212,000.00 7,823,000.00 -23,548,000.00 30,387,000.00 19,969,000.00 10,228,000.00 -9,971,000.00 17,127,000.00 11,233,000.00 5,328,000.00 -13,912,442.00 13,297,535.00 10,782,422.00 5,003,772.00
   Net Purchase/Sale of Business 0 0 0 6,000.00 0 0 0 0 0 0 0 0 0 0 0 59,027.00 5,113.00 0 0
   Other Investing Activities -26,219,000.00 -16,878,000.00 -10,261,000.00 18,893,000.00 -29,186,000.00 -20,095,000.00 -9,437,000.00 24,490,000.00 -33,252,000.00 -21,378,000.00 -10,855,000.00 13,372,000.00 -20,695,000.00 -14,031,000.00 -6,689,000.00 13,745,945.00 -14,643,915.00 -11,321,304.00 -5,222,182.00
Financing Cash Flow 1,522,000.00 1,078,000.00 465,000.00 281,000.00 1,202,000.00 476,000.00 0 657,000.00 -340,000.00 -472,000.00 -112,000.00 -750,000.00 928,000.00 586,000.00 152,000.00 3,874,076.00 -334,022.00 -755,352.00 -859,719.00
   Net Issuance/Repayment of Debt 59,883,000.00 36,372,000.00 17,397,000.00 -4,651,000.00 23,947,000.00 14,169,000.00 3,519,000.00 -25,831,000.00 38,764,000.00 24,899,000.00 12,005,000.00 -11,370,000.00 23,913,000.00 13,970,000.00 6,457,000.00 -8,267,937.00 12,299,030.00 7,615,883.00 4,412,863.00
   Net Issuance/Repurchase of Equity 1,000.00 0 0 -1,000.00 1,000.00 1,000.00 0 -268,000.00 356,000.00 207,000.00 61,000.00 -80,000.00 115,000.00 74,000.00 39,000.00 1,398,142.00 440,005.00 141,963.00 25,321.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -58,362,000.00 -35,294,000.00 -16,932,000.00 1,414,000.00 -22,746,000.00 -13,694,000.00 0 26,756,000.00 -39,460,000.00 -25,578,000.00 -12,178,000.00 10,700,000.00 -23,100,000.00 -13,458,000.00 -6,344,000.00 10,743,871.00 -13,073,057.00 -8,513,198.00 -5,297,903.00
Net Change in Cash 4,500,000.00 2,189,000.00 -201,000.00 1,276,000.00 -370,000.00 -25,000.00 -30,000.00 -30,000.00 -107,000.00 461,000.00 161,000.00 3,464,000.00 -1,120,000.00 -1,395,000.00 -1,234,000.00 4,622,405.00 -1,085,663.00 -1,077,135.00 -1,319,868.00
   Cash at Beginning of Period 4,699,000.00 4,699,000.00 4,699,000.00 3,423,000.00 3,848,000.00 3,848,000.00 3,848,000.00 3,878,000.00 3,363,000.00 3,363,000.00 3,363,000.00 -101,000.00 3,648,000.00 3,648,000.00 3,648,000.00 -974,442.00 2,508,224.00 2,508,224.00 2,508,224.00
   Cash at End of Period 9,199,000.00 6,888,000.00 4,498,000.00 4,699,000.00 3,478,000.00 3,823,000.00 3,818,000.00 3,848,000.00 3,256,000.00 3,824,000.00 3,524,000.00 3,363,000.00 2,528,000.00 2,253,000.00 2,414,000.00 3,647,963.00 1,422,561.00 1,431,089.00 1,188,356.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0