MMSI

Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 46.72 46.32 53.91 72.44 -308.39
Price to Sales 4.15 3.48 3.49 3.25 3.19
Book Value Per Common Share 46.63 41.35 39.74 18.38 17.23
Price to Book 2.07 1.84 1.78 3.39 3.22
Price to Operating Cash Flow 25.50 30.14 35.10 23.76 18.62
Price to Free Cash Flow
Enterprise Value to EBITDA 141347.25 135655.44 153908.82 147444.47 339928.28
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 54.40 88.19 207.27 62.16 78.14 154.59 59.50 117.80 205.42 77.41 117.98 350.11 143.60 230.93 299.40
Price to Sales 4.38 7.48 17.52 5.74 7.54 13.57 4.26 7.78 14.25 3.74 5.39 13.67 5.05 6.83 13.40
Book Value Per Common Share 51.53 50.17 48.10 46.63 45.19 43.81 42.48 41.35 42.37 41.60 40.58 39.74 37.97 37.64 37.18 18.38 35.79 35.22 34.80 17.23
Price to Book 1.62 1.86 2.20 2.07 2.19 1.96 1.78 1.84 1.63 2.01 1.82 1.78 1.49 1.44 1.79 3.39 2.01 1.84 1.72 3.22
Price to Operating Cash Flow 24.73 44.54 153.45 37.77 47.64 121.22 47.89 150.95 291.60 37.14 60.52 313.48 39.67 47.28 94.70
Price to Free Cash Flow
Enterprise Value to EBITDA 148670.62 250404.69 588645.69 254246.79 328037.85 624123.37 234676.90 451894.68 820826.46 257261.21 374193.67 1001386.35 376664.07 575788.95 922571.13

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 26.22 25.19 52.33
Revenue YoY 7.89 9.24 7.09 11.50
EBITDA YoY 24.07 23.21 10.01 163.15
Net Profit YoY 27.48 26.70 53.79
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 44.34 107.84 44.55 124.49 63.38 97.22 58.70 142.11 78.57 40.00
Revenue YoY 52.07 107.63 51.37 104.48 51.04 107.56 50.35 107.10 50.45 112.62
EBITDA YoY 50.14 108.37 48.57 116.21 59.21 106.02 187.90 51.92 118.68 17.70 70.43 73.92
Net Profit YoY 44.25 108.07 44.47 126.51 63.09 97.79 59.10 145.07 75.39 44.86

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 6.47 10.19 1.03 1.21 1.03
Quick Ratio 2.70 3.81 1.07 1.01 1.14
Current Ratio 4.27 5.45 2.40 2.04 2.32
Debt to Equity 0.75 0.93 0.45 0.59 0.74
Long-Term Debt to Equity 0.60 0.77 0.26 0.36 0.54
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 6.64 5.79 6.72 6.41 9.00 10.97 10.04 10.15 1.02 1.25 1.01 1.02 0.91 1.11 0.95 1.20 1.23 1.25 1.05 1.02
Quick Ratio 2.70 2.48 3.11 2.70 3.62 4.46 4.22 3.81 1.28 1.35 1.12 1.07 1.02 1.19 1.09 1.01 1.08 1.10 1.05 1.14
Current Ratio 4.28 4.09 4.87 4.27 5.36 6.24 6.03 5.45 3.13 3.13 2.58 2.40 2.35 2.52 2.35 2.04 2.17 2.14 2.11 2.32
Debt to Equity 0.72 0.74 0.73 0.75 0.80 0.85 0.88 0.93 0.47 0.53 0.44 0.45 0.50 0.52 0.54 0.59 0.62 0.65 0.69 0.74
Long-Term Debt to Equity 0.57 0.59 0.59 0.60 0.65 0.70 0.73 0.77 0.32 0.37 0.25 0.26 0.30 0.34 0.35 0.36 0.41 0.44 0.48 0.54

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 4.98 4.06 4.48 2.94 -0.59
ROE 8.73 7.85 6.51 4.66 -1.03
Gross Margin 47.43 46.44 45.10 45.16 41.62
Operating Margin 13.60 10.55 7.73 5.51 -0.34
EBITDA Margin 29.63 25.77 22.85 22.24 9.42
Net Profit Margin 8.87 7.51 6.47 4.51 -1.02
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 3.44 2.43 1.22 3.89 2.70 1.21 3.69 2.23 1.23 2.52 1.58 0.65 1.69 0.97 0.66
ROE 5.92 4.22 2.11 6.98 4.99 2.28 5.43 3.40 1.77 3.78 2.41 1.00 2.75 1.60 1.12
Gross Margin 48.39 48.32 48.41 46.97 47.29 46.90 46.45 47.14 46.50 44.84 44.88 43.90 44.78 44.60 44.95
Operating Margin 12.48 12.83 12.53 14.32 14.92 13.54 10.17 9.46 9.60 6.52 6.36 5.30 4.46 3.92 5.99
EBITDA Margin 29.58 29.96 29.86 22.62 23.05 21.80 18.21 17.27 17.40 14.58 14.43 13.66 13.51 11.93 14.59
Net Profit Margin 8.06 8.50 8.48 9.23 9.67 8.73 7.16 6.63 6.96 4.79 4.53 3.83 3.50 3.00 4.40

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 2,418,603.00 2,325,244.00 1,663,966.00 1,648,294.00 1,664,396.00
   Current Assets 923,774.00 1,108,470.00 529,084.00 482,212.00 429,707.00
      Cash and Short-Term Investments 376,715.00 587,036.00 58,408.00 67,750.00 56,916.00
            Cash and Cash Equivalents 376,715.00 587,036.00 58,408.00 67,750.00 56,916.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 206,831.00 188,402.00 177,669.00 170,064.00 154,415.00
      Inventory 306,063.00 303,871.00 265,991.00 221,922.00 198,019.00
      Other Current Assets 34,165.00 29,161.00 27,016.00 22,476.00 20,357.00
   Non-Current Assets 1,494,829.00 1,216,774.00 1,134,882.00 1,166,082.00 1,234,689.00
      Property, Plant, Equipment Net 2,664,983.00 2,584,247.00 2,506,979.00 2,394,399.00 2,391,309.00
      Goodwill 463,511.00 382,240.00 359,821.00 361,741.00 363,533.00
      Intangible Assets 564,764.00 367,767.00 314,222.00 361,705.00 417,771.00
      Long-Term Investments 22,832.00 19,100.00 15,600.00 14,711.00 12,043.00
      Non-Current Deferred Assets 16,044.00 7,288.00 6,599.00 6,080.00 4,597.00
      Other Non-Current Assets -2,237,305.00 -2,143,868.00 -2,068,339.00 -1,972,554.00 -1,954,564.00
Liabilities 1,039,244.00 1,123,244.00 519,569.00 608,495.00 705,821.00
   Current Liabilities 216,402.00 203,564.00 220,645.00 236,280.00 185,004.00
      Payables and Expenses 206,071.00 191,477.00 198,390.00 217,174.00 164,601.00
            Account Payables 68,502.00 65,944.00 68,504.00 55,624.00 49,837.00
            Current Accrued Liabilities 137,569.00 125,533.00 129,886.00 161,550.00 114,764.00
      Short-Term Debt 10,331.00 12,087.00 22,255.00 19,106.00 20,403.00
      Other Current Liabilities 0.00 0.00 0.00 0.00 0.00
   Non-Current Liabilities 822,842.00 919,680.00 298,924.00 372,215.00 520,817.00
      Long-Term Debt 784,334.00 879,272.00 246,495.00 295,923.00 414,663.00
      Other Non-Current Liabilities 38,508.00 40,408.00 52,429.00 76,292.00 106,154.00
Equity 1,379,359.00 1,202,000.00 1,144,397.00 1,039,799.00 958,575.00
   Shareholders Equity 2,739,317.00 2,392,666.00 2,277,244.00 1,039,799.00 958,575.00
      Capital Stock 703,219.00 638,150.00 675,174.00 641,533.00 606,224.00
      Share Premium 0 0 0 0 0
      Retained Earnings 695,541.00 575,184.00 480,773.00 406,257.00 357,803.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -19,401.00 -11,334.00 -11,550.00 -7,991.00 -5,452.00
   Minority Interest 0 0 0 0 0
Investments 22,832.00 19,100.00 15,600.00 14,711.00 12,043.00
Debt 794,665.00 891,359.00 268,750.00 315,029.00 435,066.00
Net Debt 417,950.00 304,323.00 210,342.00 247,279.00 378,150.00
Common Shares Outstanding 58,743.00 57,858.00 57,306.00 56,570.00 55,623.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 1,356,514.00 1,257,366.00 1,150,981.00 1,074,751.00 963,875.00
Cost Of Revenue 713,181.00 673,494.00 631,882.00 589,418.00 562,698.00
Interest Expense 34,531.00 20,611.00 6,315.00 5,261.00 9,994.00
Provisions for Credit Losses 798.00 287.00 82.00 -531.00 155.00
Gross Profit 643,333.00 583,872.00 519,099.00 485,333.00 401,177.00
Operating Expenses 487,640.00 459,928.00 431,536.00 424,417.00 404,301.00
   Selling, General and Administrative Expenses 399,731.00 373,676.00 342,525.00 335,690.00 297,724.00
   Research and Development Expenses 87,466.00 84,278.00 82,181.00 71,247.00 57,787.00
   Other Operating Expenses 443.00 1,974.00 6,830.00 17,480.00 48,790.00
Operating Income 155,693.00 123,944.00 87,563.00 60,916.00 -3,124.00
Net Non-Operating Income -5,700.00 -11,855.00 -4,934.00 -6,999.00 -10,107.00
EBT 149,993.00 112,089.00 82,629.00 53,917.00 -13,231.00
Income Tax 29,636.00 17,678.00 8,113.00 5,463.00 3,388.00
Net Income 120,357.00 94,411.00 74,516.00 48,454.00 -9,843.00
EBIT 184,524.00 132,700.00 88,944.00 59,178.00 -3,237.00
Deprecation and Amortization 217,441.00 191,277.00 174,002.00 179,850.00 94,070.00
EBITDA 401,965.00 323,977.00 262,946.00 239,028.00 90,833.00
EPS 0.00 0.00 0.00 0.00 -0.00
Diluted EPS 0.00 0.00 0.00 0.00 -0.00
Average Shares Outstanding Basic 58,218.00 57,593.00 56,806.00 56,145.00 55,434.00
Average Shares Outstanding Diluted 59,365.00 58,356.00 57,671.00 57,359.00 55,434.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 220,799.00 145,151.00 114,291.00 147,231.00 165,270.00
   Operating Net Income 120,357.00 94,411.00 74,516.00 48,454.00 -9,843.00
   Deprecation and Amortization 217,441.00 191,277.00 174,002.00 179,850.00 94,070.00
   Deferred Income Tax -14,873.00 -12,643.00 -14,924.00 -4,631.00 -11,295.00
   Share Based Compensation 28,473.00 21,333.00 18,042.00 16,090.00 14,339.00
   Change in Working Capital 30,135.00 22,852.00 45,565.00 79,008.00 -26,655.00
   Other Operating Activities -160,734.00 -172,079.00 -182,910.00 -171,540.00 104,654.00
Investing Cash Flow -368,653.00 -175,347.00 -57,397.00 -37,161.00 -58,652.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 38,048.00 71,192.00 93,298.00 59,749.00 95,306.00
   Net Purchase/Sale of Investments Net 10,433.00 1,000.00 0 4,254.00 250.00
   Net Purchase/Sale of Business 320,182.00 138,709.00 7,316.00 7,171.00 12,238.00
   Other Investing Activities -737,316.00 -386,248.00 -158,011.00 -108,335.00 -166,446.00
Financing Cash Flow -60,008.00 559,266.00 -60,260.00 -98,435.00 -95,706.00
   Net Issuance/Repayment of Debt 99,063.00 1,778,827.00 475,348.00 305,342.00 225,625.00
   Net Issuance/Repurchase of Equity 40,908.00 15,584.00 20,070.00 21,306.00 6,635.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities -199,979.00 -1,235,145.00 -555,678.00 -425,083.00 -327,966.00
Net Change in Cash -210,377.00 528,586.00 -7,192.00 10,834.00 12,596.00
   Cash at Beginning of Period 589,144.00 60,558.00 67,750.00 56,916.00 44,320.00
   Cash at End of Period 378,767.00 589,144.00 60,558.00 67,750.00 56,916.00
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 2,630,998.00 2,586,045.00 2,467,973.00 2,418,603.00 2,378,084.00 2,371,839.00 2,326,352.00 2,325,244.00 1,808,505.00 1,837,568.00 1,684,109.00 1,663,966.00 1,632,737.00 1,631,519.00 1,629,740.00 1,648,294.00 1,643,166.00 1,642,393.00 1,651,719.00 1,664,396.00
   Current Assets 985,533.00 923,072.00 958,635.00 923,774.00 1,078,317.00 1,162,546.00 1,105,275.00 1,108,470.00 585,318.00 594,907.00 557,217.00 529,084.00 499,863.00 492,631.00 478,092.00 482,212.00 463,442.00 449,782.00 438,488.00 429,707.00
      Cash and Short-Term Investments 392,457.00 341,819.00 395,529.00 376,715.00 523,128.00 636,658.00 581,921.00 587,036.00 58,673.00 72,084.00 57,945.00 58,408.00 51,481.00 63,003.00 53,875.00 67,750.00 68,904.00 69,672.00 58,519.00 56,916.00
            Cash and Cash Equivalents 392,457.00 341,819.00 395,529.00 376,715.00 523,128.00 636,658.00 581,921.00 587,036.00 58,673.00 72,084.00 57,945.00 58,408.00 51,481.00 63,003.00 53,875.00 67,750.00 68,904.00 69,672.00 58,519.00 56,916.00
            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 229,354.00 218,454.00 216,666.00 206,831.00 205,156.00 193,027.00 191,643.00 188,402.00 181,400.00 183,624.00 184,741.00 177,669.00 166,655.00 169,428.00 167,607.00 170,064.00 161,439.00 161,819.00 159,033.00 154,415.00
      Inventory 326,550.00 323,309.00 317,936.00 306,063.00 310,527.00 298,224.00 302,733.00 303,871.00 303,923.00 305,943.00 289,581.00 265,991.00 246,660.00 233,154.00 231,451.00 221,922.00 208,081.00 194,524.00 200,308.00 198,019.00
      Other Current Assets 37,172.00 39,490.00 28,504.00 34,165.00 39,506.00 34,637.00 28,978.00 29,161.00 41,322.00 33,256.00 24,950.00 27,016.00 35,067.00 27,046.00 25,159.00 22,476.00 25,018.00 23,767.00 20,628.00 20,357.00
   Non-Current Assets 1,645,465.00 1,662,973.00 1,509,338.00 1,494,829.00 1,299,767.00 1,209,293.00 1,221,077.00 1,216,774.00 1,223,187.00 1,242,661.00 1,126,892.00 1,134,882.00 1,132,874.00 1,138,888.00 1,151,648.00 1,166,082.00 1,179,724.00 1,192,611.00 1,213,231.00 1,234,689.00
      Property, Plant, Equipment Net 2,475,758.00 2,434,355.00 2,342,921.00 2,664,983.00 2,305,412.00 2,264,949.00 2,234,697.00 2,584,247.00 2,195,412.00 2,174,034.00 2,159,536.00 2,506,979.00 2,093,018.00 2,061,789.00 2,043,945.00 2,394,399.00 2,020,583.00 2,009,727.00 2,006,987.00 2,391,309.00
      Goodwill 507,427.00 504,555.00 464,360.00 463,511.00 399,448.00 381,433.00 381,539.00 382,240.00 381,052.00 381,767.00 360,291.00 359,821.00 358,056.00 359,692.00 361,456.00 361,741.00 362,000.00 362,810.00 362,500.00 363,533.00
      Intangible Assets 607,981.00 634,341.00 543,604.00 564,764.00 422,003.00 342,649.00 357,883.00 367,767.00 384,037.00 400,996.00 300,565.00 314,222.00 322,932.00 333,899.00 346,637.00 361,705.00 374,757.00 388,113.00 404,337.00 417,771.00
      Long-Term Investments 26,000.00 25,900.00 25,900.00 22,832.00 22,600.00 22,600.00 19,400.00 19,100.00 0 0 0 15,600.00 0 0 0 14,711.00 14,700.00 12,000.00 12,000.00 12,043.00
      Non-Current Deferred Assets 16,284.00 16,243.00 16,100.00 16,044.00 7,253.00 7,013.00 7,072.00 7,288.00 6,438.00 6,492.00 6,665.00 6,599.00 5,467.00 5,861.00 6,179.00 6,080.00 4,581.00 4,614.00 4,529.00 4,597.00
      Other Non-Current Assets -1,987,985.00 -1,952,421.00 -1,883,547.00 -2,237,305.00 -1,856,949.00 -1,809,351.00 -1,779,514.00 -2,143,868.00 -1,743,752.00 -1,720,628.00 -1,700,165.00 -2,068,339.00 -1,646,599.00 -1,622,353.00 -1,606,569.00 -1,972,554.00 -1,596,897.00 -1,584,653.00 -1,577,122.00 -1,954,564.00
Liabilities 1,101,590.00 1,097,997.00 1,039,550.00 1,039,244.00 1,054,678.00 1,089,394.00 1,086,162.00 1,123,244.00 578,620.00 633,868.00 512,454.00 519,569.00 543,896.00 558,212.00 573,221.00 608,495.00 629,790.00 649,959.00 675,027.00 705,821.00
   Current Liabilities 230,475.00 225,572.00 196,823.00 216,402.00 201,079.00 186,215.00 183,344.00 203,564.00 187,133.00 190,003.00 215,952.00 220,645.00 213,035.00 195,590.00 203,831.00 236,280.00 213,475.00 210,604.00 207,678.00 185,004.00
      Payables and Expenses 219,863.00 215,310.00 187,388.00 206,071.00 189,610.00 174,472.00 170,872.00 191,477.00 171,695.00 174,722.00 193,804.00 198,390.00 191,475.00 174,833.00 184,152.00 217,174.00 194,856.00 191,383.00 187,932.00 164,601.00
            Account Payables 64,746.00 69,066.00 63,759.00 68,502.00 60,808.00 55,573.00 48,377.00 65,944.00 48,862.00 61,761.00 65,588.00 68,504.00 63,206.00 59,441.00 58,099.00 55,624.00 51,077.00 53,809.00 52,986.00 49,837.00
            Current Accrued Liabilities 155,117.00 146,244.00 123,629.00 137,569.00 128,802.00 118,899.00 122,495.00 125,533.00 122,833.00 112,961.00 128,216.00 129,886.00 128,269.00 115,392.00 126,053.00 161,550.00 143,779.00 137,574.00 134,946.00 114,764.00
      Short-Term Debt 10,612.00 10,262.00 9,435.00 10,331.00 11,469.00 11,743.00 12,472.00 12,087.00 15,438.00 15,281.00 22,148.00 22,255.00 21,560.00 20,757.00 19,679.00 19,106.00 18,619.00 19,221.00 19,746.00 20,403.00
      Other Current Liabilities 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 0.00
   Non-Current Liabilities 871,115.00 872,425.00 842,727.00 822,842.00 853,599.00 903,179.00 902,818.00 919,680.00 391,487.00 443,865.00 296,502.00 298,924.00 330,861.00 362,622.00 369,390.00 372,215.00 416,315.00 439,355.00 467,349.00 520,817.00
      Long-Term Debt 810,540.00 810,291.00 808,222.00 784,334.00 807,683.00 859,357.00 860,277.00 879,272.00 339,825.00 391,831.00 244,316.00 246,495.00 265,401.00 295,349.00 303,478.00 295,923.00 334,686.00 350,741.00 380,855.00 414,663.00
      Other Non-Current Liabilities 60,575.00 62,134.00 34,505.00 38,508.00 45,916.00 43,822.00 42,541.00 40,408.00 51,662.00 52,034.00 52,186.00 52,429.00 65,460.00 67,273.00 65,912.00 76,292.00 81,629.00 88,614.00 86,494.00 106,154.00
Equity 1,529,408.00 1,488,048.00 1,428,423.00 1,379,359.00 1,323,406.00 1,282,445.00 1,240,190.00 1,202,000.00 1,229,885.00 1,203,700.00 1,171,655.00 1,144,397.00 1,088,841.00 1,073,307.00 1,056,519.00 1,039,799.00 1,013,376.00 992,434.00 976,692.00 958,575.00
   Shareholders Equity 3,055,097.00 2,971,034.00 2,841,470.00 2,739,317.00 2,633,417.00 2,549,461.00 2,467,924.00 2,392,666.00 2,446,919.00 2,397,856.00 2,332,381.00 2,277,244.00 2,160,953.00 2,135,895.00 2,106,385.00 1,039,799.00 2,020,536.00 1,980,034.00 1,946,202.00 958,575.00
      Capital Stock 747,103.00 734,841.00 718,111.00 703,219.00 669,207.00 658,724.00 649,222.00 638,150.00 695,181.00 691,523.00 681,108.00 675,174.00 658,198.00 651,926.00 646,370.00 641,533.00 633,948.00 623,591.00 615,113.00 606,224.00
      Share Premium 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Retained Earnings 786,024.00 758,269.00 725,688.00 695,541.00 667,594.00 639,150.00 603,424.00 575,184.00 547,555.00 521,721.00 501,476.00 480,773.00 447,372.00 432,100.00 416,802.00 406,257.00 385,644.00 373,677.00 368,761.00 357,803.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income -3,719.00 -5,062.00 -15,376.00 -19,401.00 -13,395.00 -15,429.00 -12,456.00 -11,334.00 -12,851.00 -9,544.00 -10,929.00 -11,550.00 -16,729.00 -10,719.00 -6,653.00 -7,991.00 -6,216.00 -4,834.00 -7,182.00 -5,452.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 26,000.00 25,900.00 25,900.00 22,832.00 22,600.00 22,600.00 19,400.00 19,100.00 0 0 0 15,600.00 0 0 0 14,711.00 14,700.00 12,000.00 12,000.00 12,043.00
Debt 821,152.00 820,553.00 817,657.00 794,665.00 819,152.00 871,100.00 872,749.00 891,359.00 355,263.00 407,112.00 266,464.00 268,750.00 286,961.00 316,106.00 323,157.00 315,029.00 353,305.00 369,962.00 400,601.00 435,066.00
Net Debt 428,695.00 478,734.00 422,128.00 417,950.00 296,024.00 234,442.00 290,828.00 304,323.00 296,590.00 335,028.00 208,519.00 210,342.00 235,480.00 253,103.00 269,282.00 247,279.00 284,401.00 300,290.00 342,082.00 378,150.00
Common Shares Outstanding 59,290.00 59,218.00 59,078.00 58,743.00 58,274.00 58,192.00 58,102.00 57,858.00 57,746.00 57,634.00 57,472.00 57,306.00 56,918.00 56,745.00 56,655.00 56,570.00 56,452.00 56,224.00 55,933.00 55,623.00
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
Revenues 1,121,970.00 737,813.00 355,351.00 -629,861.00 1,001,356.00 661,511.00 323,508.00 -590,671.00 932,851.00 617,621.00 297,565.00 -552,391.00 857,566.00 570,391.00 275,415.00 -499,659.00 796,259.00 529,238.00 248,913.00
Cost Of Revenue 579,052.00 381,306.00 183,331.00 -338,314.00 531,006.00 348,696.00 171,793.00 -311,694.00 499,508.00 326,477.00 159,203.00 -310,062.00 473,019.00 314,417.00 154,508.00 -280,538.00 439,732.00 293,205.00 137,019.00
Interest Expense 20,097.00 13,343.00 6,568.00 -19,984.00 26,538.00 18,527.00 9,450.00 -4,725.00 14,234.00 8,023.00 3,079.00 1,075.00 3,422.00 1,404.00 414.00 128.00 1,760.00 1,163.00 2,210.00
Provisions for Credit Losses 1,194.00 1,009.00 268.00 -1,887.00 1,027.00 838.00 820.00 216.00 47.00 15.00 9.00 102.00 -13.00 -7.00 0 -1,600.00 490.00 377.00 202.00
Gross Profit 542,918.00 356,507.00 172,020.00 -291,547.00 470,350.00 312,815.00 151,715.00 -278,977.00 433,343.00 291,144.00 138,362.00 -242,329.00 384,547.00 255,974.00 120,907.00 -219,121.00 356,527.00 236,033.00 111,894.00
Operating Expenses 412,393.00 268,594.00 130,987.00 -210,321.00 351,221.00 230,947.00 115,793.00 -231,011.00 343,011.00 235,949.00 111,979.00 -219,024.00 327,401.00 217,485.00 105,674.00 -203,734.00 317,507.00 212,944.00 97,700.00
   Selling, General and Administrative Expenses 340,384.00 220,583.00 107,486.00 -172,367.00 288,657.00 189,013.00 94,428.00 -185,464.00 277,925.00 191,071.00 90,144.00 -170,274.00 259,282.00 169,502.00 84,015.00 -176,982.00 259,061.00 172,587.00 81,024.00
   Research and Development Expenses 70,811.00 46,845.00 22,478.00 -38,033.00 62,272.00 41,745.00 21,482.00 -42,668.00 62,639.00 42,993.00 21,314.00 -39,475.00 61,745.00 42,524.00 17,387.00 -29,735.00 50,841.00 33,867.00 16,274.00
   Other Operating Expenses 1,198.00 1,166.00 1,023.00 79.00 292.00 189.00 -117.00 -2,879.00 2,447.00 1,885.00 521.00 -9,275.00 6,374.00 5,459.00 4,272.00 2,983.00 7,605.00 6,490.00 402.00
Operating Income 130,525.00 87,913.00 41,033.00 -81,226.00 119,129.00 81,868.00 35,922.00 -47,966.00 90,332.00 55,195.00 26,383.00 -23,305.00 57,146.00 38,489.00 15,233.00 -15,387.00 39,020.00 23,089.00 14,194.00
Net Non-Operating Income -10,648.00 -6,576.00 -3,075.00 -168.00 -2,281.00 -1,677.00 -1,574.00 3,533.00 -9,710.00 -4,795.00 -883.00 4,417.00 -4,672.00 -3,617.00 -1,062.00 3,315.00 -5,284.00 -3,530.00 -1,500.00
EBT 119,877.00 81,337.00 37,958.00 -81,394.00 116,848.00 80,191.00 34,348.00 -44,433.00 80,622.00 50,400.00 25,500.00 -18,888.00 52,474.00 34,872.00 14,171.00 -12,072.00 33,736.00 19,559.00 12,694.00
Income Tax 29,394.00 18,609.00 7,811.00 -17,135.00 24,438.00 16,225.00 6,108.00 -10,411.00 13,840.00 9,452.00 4,797.00 -15,901.00 11,359.00 9,029.00 3,626.00 -5,853.00 5,895.00 3,685.00 1,736.00
Net Income 90,483.00 62,728.00 30,147.00 -64,259.00 92,410.00 63,966.00 28,240.00 -34,022.00 66,782.00 40,948.00 20,703.00 -2,987.00 41,115.00 25,843.00 10,545.00 -6,219.00 27,841.00 15,874.00 10,958.00
EBIT 139,974.00 94,680.00 44,526.00 -101,378.00 143,386.00 98,718.00 43,798.00 -49,158.00 94,856.00 58,423.00 28,579.00 -17,813.00 55,896.00 36,276.00 14,585.00 -11,944.00 35,496.00 20,722.00 14,904.00
Deprecation and Amortization 191,951.00 126,392.00 61,568.00 53,831.00 83,136.00 53,753.00 26,721.00 44,847.00 74,980.00 48,251.00 23,199.00 35,798.00 69,131.00 46,023.00 23,050.00 43,919.00 72,114.00 42,417.00 21,400.00
EBITDA 331,925.00 221,072.00 106,094.00 -47,547.00 226,522.00 152,471.00 70,519.00 -4,311.00 169,836.00 106,674.00 51,778.00 17,985.00 125,027.00 82,299.00 37,635.00 31,975.00 107,610.00 63,139.00 36,304.00
EPS 0.00 0.00 0.00 -0.00 0.00 0.00 0.00 -0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 59,095.00 59,019.00 58,897.00 58,755.00 58,110.00 58,049.00 57,958.00 58,050.00 57,525.00 57,445.00 57,352.00 57,282.00 56,707.00 56,642.00 56,593.00 56,940.00 56,033.00 55,890.00 55,717.00
Average Shares Outstanding Diluted 60,604.00 60,945.00 61,278.00 61,292.00 58,948.00 58,653.00 58,567.00 58,567.00 58,345.00 58,329.00 58,183.00 58,015.00 57,573.00 57,565.00 57,531.00 58,056.00 57,274.00 57,128.00 56,978.00
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 198,861.00 123,879.00 40,572.00 -72,194.00 152,055.00 104,722.00 36,216.00 15,875.00 82,900.00 31,831.00 14,545.00 -34,796.00 86,283.00 50,794.00 12,010.00 -65,857.00 101,416.00 76,440.00 35,232.00
   Operating Net Income 90,483.00 62,728.00 30,147.00 -64,259.00 92,410.00 63,966.00 28,240.00 -34,022.00 66,782.00 40,948.00 20,703.00 -2,987.00 41,115.00 25,843.00 10,545.00 -6,219.00 27,841.00 15,874.00 10,958.00
   Deprecation and Amortization 191,951.00 126,392.00 61,568.00 53,831.00 83,136.00 53,753.00 26,721.00 44,847.00 74,980.00 48,251.00 23,199.00 35,798.00 69,131.00 46,023.00 23,050.00 43,919.00 72,114.00 42,417.00 21,400.00
   Deferred Income Tax 0 0 0 -14,873.00 0 0 0 -12,643.00 0 0 0 -14,924.00 0 0 0 -4,631.00 0 0 0
   Share Based Compensation 33,563.00 19,951.00 9,078.00 -7,964.00 18,958.00 12,245.00 5,234.00 -7,531.00 15,346.00 9,549.00 3,969.00 -9,384.00 13,691.00 9,093.00 4,642.00 -5,826.00 11,589.00 6,732.00 3,595.00
   Change in Working Capital 31,921.00 18,855.00 -4,589.00 22,814.00 20,919.00 -2,340.00 -11,258.00 -30,347.00 13,807.00 17,007.00 22,385.00 41,759.00 25,457.00 -5,838.00 -15,813.00 -13,870.00 49,425.00 24,453.00 19,000.00
   Other Operating Activities -149,057.00 -104,047.00 -55,632.00 -61,743.00 -63,368.00 -22,902.00 -12,721.00 55,571.00 -88,015.00 -83,924.00 -55,711.00 -85,058.00 -63,111.00 -24,327.00 -10,414.00 -79,230.00 -59,553.00 -13,036.00 -19,721.00
Investing Cash Flow -197,051.00 -172,986.00 -29,635.00 -153,858.00 -154,206.00 -38,538.00 -22,051.00 164,264.00 -167,004.00 -157,751.00 -14,856.00 15,838.00 -40,068.00 -23,299.00 -9,868.00 7,001.00 -22,554.00 -15,260.00 -6,348.00
   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 59,628.00 36,153.00 21,518.00 -32,193.00 33,811.00 23,887.00 12,543.00 9,044.00 29,088.00 19,804.00 13,256.00 31,185.00 34,511.00 17,734.00 9,868.00 14,073.00 22,770.00 15,170.00 7,736.00
   Net Purchase/Sale of Investments Net 14,936.00 14,617.00 7,117.00 -8,553.00 6,662.00 6,162.00 6,162.00 1,000.00 0 0 0 0 0 0 0 4,254.00 0 0 0
   Net Purchase/Sale of Business 123,083.00 122,804.00 1,000.00 194,600.00 113,743.00 8,493.00 3,346.00 -139,918.00 138,278.00 138,349.00 2,000.00 -166.00 3,741.00 3,741.00 0 3,097.00 1,858.00 1,858.00 358.00
   Other Investing Activities -394,698.00 -346,560.00 -59,270.00 -307,712.00 -308,422.00 -77,080.00 -44,102.00 294,138.00 -334,370.00 -315,904.00 -30,112.00 -15,181.00 -78,320.00 -44,774.00 -19,736.00 -14,423.00 -47,182.00 -32,288.00 -14,442.00
Financing Cash Flow 10,937.00 11,302.00 6,955.00 35,301.00 -62,440.00 -14,866.00 -18,003.00 332,298.00 86,456.00 141,009.00 -497.00 35,935.00 -54,511.00 -27,444.00 -14,240.00 41,852.00 -65,966.00 -48,075.00 -26,246.00
   Net Issuance/Repayment of Debt 0 0 0 -25,126.00 76,063.00 24,063.00 24,063.00 28,211.00 872,123.00 778,754.00 99,739.00 -299,255.00 370,929.00 252,251.00 151,423.00 -88,240.00 219,127.00 124,192.00 50,263.00
   Net Issuance/Repurchase of Equity 22,179.00 20,014.00 13,152.00 6,823.00 15,424.00 10,931.00 7,730.00 -9,353.00 11,446.00 9,463.00 4,028.00 8,452.00 6,733.00 3,244.00 1,641.00 -13,808.00 17,814.00 11,780.00 5,520.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -11,242.00 -8,712.00 -6,197.00 53,604.00 -153,927.00 -49,860.00 -49,796.00 313,440.00 -797,113.00 -647,208.00 -104,264.00 326,738.00 -432,173.00 -282,939.00 -167,304.00 143,900.00 -302,907.00 -184,047.00 -82,029.00
Net Change in Cash 15,794.00 -34,852.00 18,828.00 -190,921.00 -63,867.00 49,568.00 -5,157.00 515,255.00 171.00 13,592.00 -432.00 21,466.00 -14,158.00 -2,513.00 -11,987.00 -15,513.00 11,988.00 12,756.00 1,603.00
   Cash at Beginning of Period 378,767.00 378,767.00 378,767.00 569,688.00 589,144.00 589,144.00 589,144.00 73,889.00 60,558.00 60,558.00 60,558.00 39,092.00 67,750.00 67,750.00 67,750.00 83,263.00 56,916.00 56,916.00 56,916.00
   Cash at End of Period 394,561.00 343,915.00 397,595.00 378,767.00 525,277.00 638,712.00 583,987.00 589,144.00 60,729.00 74,150.00 60,126.00 60,558.00 53,592.00 65,237.00 55,763.00 67,750.00 68,904.00 69,672.00 58,519.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0