NCLH
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Price to Earnings | 12.31 | 51.38 | -2.26 | -1.68 | -1.61 |
| Price to Sales | 1.18 | 0.99 | 1.06 | 11.70 | 5.06 |
| Book Value Per Common Share | 5.33 | 0.71 | 0.16 | 11.37 | 13.79 |
| Price to Book | 4.83 | 28.35 | 75.18 | 1.82 | 1.84 |
| Price to Operating Cash Flow | 5.46 | 4.24 | 24.47 | -3.07 | -2.53 |
| Price to Free Cash Flow | |||||
| Enterprise Value to EBITDA | 28020.91 | 48081.97 |
| 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 | 26.77 | -1014.00 | -210.67 | 13.58 | 44.74 | 523.25 | 25.75 | -128.06 | -35.39 | -2.67 | -3.11 | -9.31 | -3.25 | -4.93 | -6.63 | |||||
| Price to Sales | 1.45 | 1.94 | 3.93 | 1.21 | 1.77 | 4.08 | 1.06 | 2.29 | 3.12 | 1.43 | 2.72 | 17.51 | 59.33 | 1374.30 | 2935.11 | |||||
| Book Value Per Common Share | 8.69 | 6.04 | 5.32 | 5.33 | 2.58 | 1.58 | 0.84 | 0.71 | 1.03 | 0.04 | -0.47 | 0.16 | 0.95 | 2.15 | 3.60 | 11.37 | 15.24 | 19.77 | 11.83 | 13.79 |
| Price to Book | 2.83 | 3.36 | 3.56 | 4.83 | 7.94 | 11.92 | 24.80 | 28.35 | 15.98 | 608.10 | -28.65 | 75.18 | 11.97 | 5.17 | 6.08 | 1.82 | 1.75 | 1.49 | 2.33 | 1.84 |
| Price to Operating Cash Flow | 6.74 | 6.46 | 12.31 | 5.39 | 5.48 | 11.07 | 4.00 | 6.00 | 11.29 | -179.18 | -42.75 | -24.63 | -4.43 | -6.94 | -10.67 | |||||
| Price to Free Cash Flow | ||||||||||||||||||||
| Enterprise Value to EBITDA | 90055.93 | 171062.34 | 375705.00 | 62619.33 | 117251.74 | 319846.06 | 72044.28 | 245554.33 | 979383.37 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Earning YoY | 435.90 | ||||
| Revenue YoY | 10.87 | 76.51 | 647.51 | -49.37 | |
| EBITDA YoY | 127.71 | ||||
| Net Profit YoY | 447.76 |
| 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 | 259.52 | 950.00 | ||||||||||||||||||
| Revenue YoY | 63.25 | 118.33 | 61.50 | 108.27 | 62.97 | 121.05 | 94.52 | 227.46 | 9.45 | 2049.83 | 140.90 | |||||||||
| EBITDA YoY | 135.05 | 136.71 | -86.13 | 104.39 | 150.98 | -23.14 | 158.19 | 547.03 | 41.80 | |||||||||||
| Net Profit YoY | 262.70 | 941.83 | -86.23 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Cash Per Common Share | 0.44 | 0.95 | 4.40 | 4.78 | 12.96 |
| Quick Ratio | 0.09 | 0.12 | 0.45 | 1.08 | 1.74 |
| Current Ratio | 0.17 | 0.22 | 0.37 | 0.89 | 1.86 |
| Debt to Equity | 13.01 | 63.80 | 269.56 | 6.70 | 3.23 |
| Long-Term Debt to Equity | 8.95 | 43.73 | 195.86 | 5.17 | 2.79 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash Per Common Share | 0.37 | 0.41 | 0.42 | 0.43 | 0.77 | 1.38 | 1.31 | 0.95 | 1.61 | 2.12 | 1.66 | 4.38 | 2.83 | 4.55 | 5.12 | 4.19 | 5.43 | 7.86 | 10.65 | 10.46 |
| Quick Ratio | 0.10 | 0.09 | 0.10 | 0.09 | 0.11 | 0.12 | 0.13 | 0.12 | 0.18 | 0.20 | 0.18 | 0.45 | 0.39 | 0.59 | 0.74 | 1.08 | 1.32 | 1.64 | 1.95 | 1.74 |
| Current Ratio | 0.19 | 0.18 | 0.19 | 0.17 | 0.20 | 0.24 | 0.24 | 0.22 | 0.30 | 0.32 | 0.29 | 0.37 | 0.46 | 0.62 | 0.77 | 0.89 | 1.12 | 1.59 | 2.09 | 1.86 |
| Debt to Equity | 9.13 | 12.76 | 14.08 | 13.01 | 16.43 | 28.02 | 53.75 | 63.80 | 42.89 | 1224.16 | -185.34 | 269.56 | 46.40 | 20.19 | 11.77 | 6.70 | 5.50 | 3.98 | 3.33 | 3.23 |
| Long-Term Debt to Equity | 6.69 | 8.69 | 9.77 | 8.95 | 11.11 | 18.45 | 35.53 | 43.73 | 30.57 | 841.91 | -128.09 | 195.86 | 34.74 | 14.61 | 9.00 | 5.17 | 4.48 | 3.40 | 2.92 | 2.79 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| ROA | 4.56 | 0.85 | -12.23 | -24.06 | -21.81 |
| ROE | 63.86 | 55.24 | -3309.34 | -185.25 | -92.15 |
| Gross Margin | -65.84 | 36.04 | 11.91 | -148.16 | -123.83 |
| Operating Margin | 32.34 | 10.42 | -77.49 | -1065.25 | -587.37 |
| EBITDA Margin | 42.61 | 20.75 | -60.77 | -948.17 | -529.58 |
| Net Profit Margin | 9.60 | 1.94 | -46.86 | -695.48 | -313.50 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROA | 1.84 | -0.05 | -0.19 | 3.31 | 0.90 | 0.09 | 1.42 | -0.39 | -0.87 | -9.43 | -7.81 | -5.10 | -15.66 | -11.27 | -7.22 | |||||
| ROE | 18.65 | -0.66 | -2.84 | 57.76 | 26.08 | 4.79 | 62.15 | -480.95 | 160.04 | -447.10 | -165.45 | -65.18 | -101.76 | -56.14 | -31.30 | |||||
| Gross Margin | -57.07 | -63.65 | -68.14 | 40.56 | 37.72 | 36.68 | 36.82 | 33.85 | 29.72 | 8.33 | -5.83 | -40.90 | -454.56 | -9706.90 | -10208.77 | |||||
| Operating Margin | 6.03 | 0.32 | -1.26 | 9.68 | 4.75 | 1.63 | 4.93 | -1.20 | -8.37 | -52.49 | -85.22 | -184.51 | -1782.01 | -27276.27 | -43271.97 | |||||
| EBITDA Margin | 16.42 | 11.41 | 10.52 | 19.54 | 15.44 | 12.81 | 14.83 | 9.36 | 3.20 | -34.64 | -62.32 | -147.06 | -1432.61 | -22289.06 | -37342.68 | |||||
| Net Profit Margin | 5.39 | -0.22 | -1.89 | 8.90 | 3.96 | 0.79 | 4.15 | -1.82 | -8.74 | -53.76 | -87.30 | -188.28 | -1827.40 | -27959.04 | -44199.74 |
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 | 19,969,811.00 | 19,492,990.00 | 18,557,694.00 | 18,729,837.00 | 18,399,317.00 |
| Current Assets | 1,010,104.00 | 1,313,148.00 | 1,872,869.00 | 3,301,568.00 | 3,557,544.00 |
| Cash and Short-Term Investments | 190,765.00 | 402,415.00 | 1,846,987.00 | 1,746,647.00 | 3,300,482.00 |
| Cash and Cash Equivalents | 190,765.00 | 402,415.00 | 1,846,987.00 | 1,506,647.00 | 3,300,482.00 |
| Short-Term Investments | 0 | 0 | 0 | 240,000.00 | 0 |
| Net Receivables | 336,412.00 | 300,371.00 | 444,672.00 | 2,267,473.00 | 20,578.00 |
| Inventory | 149,718.00 | 157,646.00 | 148,717.00 | 118,205.00 | 82,381.00 |
| Other Current Assets | 333,209.00 | 452,716.00 | -567,507.00 | -830,757.00 | 154,103.00 |
| Non-Current Assets | 18,959,707.00 | 18,179,842.00 | 16,684,825.00 | 15,428,269.00 | 14,841,773.00 |
| Property, Plant, Equipment Net | 32,709,741.00 | 32,586,944.00 | 28,423,452.00 | 25,828,806.00 | 26,011,226.00 |
| Goodwill | 135,764.00 | 98,134.00 | 98,134.00 | 98,134.00 | 294,368.00 |
| Intangible Assets | 1,501,525.00 | 1,501,525.00 | 500,525.00 | 500,525.00 | 1,501,525.00 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | -15,387,323.00 | -16,006,761.00 | -12,337,286.00 | -10,999,196.00 | -12,965,346.00 |
| Liabilities | 18,544,372.00 | 19,192,183.00 | 18,489,103.00 | 16,297,187.00 | 14,045,212.00 |
| Current Liabilities | 5,780,865.00 | 6,038,701.00 | 5,054,851.00 | 3,730,432.00 | 1,913,903.00 |
| Payables and Expenses | 171,106.00 | 174,338.00 | 228,742.00 | 233,172.00 | 83,136.00 |
| Account Payables | 171,106.00 | 174,338.00 | 228,742.00 | 233,172.00 | 83,136.00 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 1,323,769.00 | 1,744,778.00 | 991,128.00 | 876,890.00 | 124,885.00 |
| Other Current Liabilities | 4,285,990.00 | 4,119,585.00 | 3,834,981.00 | 2,620,370.00 | 1,705,882.00 |
| Non-Current Liabilities | 12,763,507.00 | 13,153,482.00 | 13,434,252.00 | 12,566,755.00 | 12,131,309.00 |
| Long-Term Debt | 11,776,721.00 | 12,314,147.00 | 12,630,402.00 | 11,569,700.00 | 11,681,234.00 |
| Other Non-Current Liabilities | 986,786.00 | 839,335.00 | 803,850.00 | 997,055.00 | 450,075.00 |
| Equity | 1,425,439.00 | 300,807.00 | 68,591.00 | 2,432,650.00 | 4,354,105.00 |
| Shareholders Equity | 2,343,839.00 | 300,807.00 | 68,591.00 | 4,739,690.00 | 4,354,105.00 |
| Capital Stock | 440.00 | 425.00 | 421.00 | 417.00 | 316.00 |
| Share Premium | 7,921,918.00 | 7,708,957.00 | 7,611,564.00 | 7,513,725.00 | 4,889,355.00 |
| Retained Earnings | -5,989,880.00 | -6,900,137.00 | -7,066,315.00 | -4,790,776.00 | -295,449.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | -507,039.00 | -1,016,876.00 | -954,158.00 | -570,172.00 | -480,234.00 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Investments | 454.00 | 0 | 48,846.00 | 240,000.00 | 0 |
| Debt | 13,100,490.00 | 14,058,925.00 | 13,621,530.00 | 12,446,590.00 | 11,806,119.00 |
| Net Debt | 12,909,725.00 | 13,656,510.00 | 11,774,543.00 | 10,699,943.00 | 8,505,637.00 |
| Common Shares Outstanding | 439,861.28 | 425,546.57 | 421,413.57 | 416,891.91 | 315,636.03 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Revenues | 9,479,651.00 | 8,549,924.00 | 4,843,760.00 | 647,986.00 | 1,279,908.00 |
| Cost Of Revenue | 15,721,370.00 | 5,468,587.00 | 4,267,086.00 | 1,608,037.00 | 2,864,821.00 |
| Gross Profit | -6,241,719.00 | 3,081,337.00 | 576,674.00 | -960,051.00 | -1,584,913.00 |
| Operating Expenses | -7,707,625.00 | 2,150,426.00 | 2,128,431.00 | 1,592,297.00 | 1,899,222.00 |
| Selling, General and Administrative Expenses | 1,434,807.00 | 1,341,858.00 | 1,379,105.00 | 891,452.00 | 745,345.00 |
| Other Operating Expenses | -9,142,432.00 | 808,568.00 | 749,326.00 | 700,845.00 | 1,153,877.00 |
| Operating Income | 1,465,906.00 | 930,911.00 | -1,551,757.00 | -2,552,348.00 | -3,484,135.00 |
| Net Non-Operating Income | 852,815.00 | -767,735.00 | -3,001,649.00 | -6,450,292.00 | -4,515,959.00 |
| Interest Income | 0 | -31.00 | -1,512.00 | 27,075.00 | -13.00 |
| Interest Expense | 747,223.00 | 727,500.00 | 800,000.00 | 2,100,000.00 | 482,300.00 |
| Net Interest | -747,223.00 | -727,531.00 | -801,512.00 | -2,072,925.00 | -482,313.00 |
| EBT | 2,318,721.00 | 163,176.00 | -4,553,406.00 | -9,002,640.00 | -8,000,094.00 |
| Income Tax | 137,350.00 | 3,002.00 | 6,794.00 | 5,267.00 | 12,467.00 |
| Net Income | 910,257.00 | 166,178.00 | -2,269,909.00 | -4,506,587.00 | -4,012,514.00 |
| EBIT | 3,065,944.00 | 890,676.00 | -3,753,406.00 | -6,902,640.00 | -7,517,794.00 |
| Deprecation and Amortization | 973,512.00 | 883,236.00 | 810,053.00 | 758,604.00 | 739,619.00 |
| EBITDA | 4,039,456.00 | 1,773,912.00 | -2,943,353.00 | -6,144,036.00 | -6,778,175.00 |
| EPS | 0.00 | 0.00 | -0.01 | -0.01 | -0.02 |
| Diluted EPS | 0.00 | 0.00 | -0.01 | -0.01 | -0.02 |
| Average Shares Outstanding Basic | 435,278.60 | 424,424.96 | 419,773.20 | 365,449.97 | 254,728.93 |
| Average Shares Outstanding Diluted | 515,030.55 | 427,400.85 | 419,773.20 | 365,449.97 | 254,728.93 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Operating Cash Flow | 2,049,823.00 | 2,005,714.00 | 210,020.00 | -2,468,009.00 | -2,556,243.00 |
| Operating Net Income | 910,257.00 | 166,178.00 | -2,269,909.00 | -4,506,587.00 | -4,012,514.00 |
| Deprecation and Amortization | 973,512.00 | 883,236.00 | 810,053.00 | 758,604.00 | 739,619.00 |
| Deferred Income Tax | -155,114.00 | -132.00 | -1,237.00 | 78.00 | 12,765.00 |
| Share Based Compensation | 91,781.00 | 118,940.00 | 113,563.00 | 124,077.00 | 111,297.00 |
| Change in Working Capital | -129,148.00 | 13,829.00 | 718,779.00 | 1,847,411.00 | -785,089.00 |
| Other Operating Activities | 358,535.00 | 823,663.00 | 838,771.00 | -691,592.00 | 1,377,679.00 |
| Investing Cash Flow | -1,229,388.00 | -2,897,143.00 | -1,755,904.00 | -1,004,044.00 | -975,362.00 |
| Capital Expenditure | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Purchase/Sale of PPE | 1,210,952.00 | 2,750,362.00 | 1,783,857.00 | 752,843.00 | 946,545.00 |
| Net Purchase/Sale of Investments Net | -10,675.00 | -16,161.00 | -12,090.00 | -12,295.00 | -2,703.00 |
| Net Purchase/Sale of Business | 27,322.00 | 0 | 0 | 0 | 0 |
| Other Investing Activities | -2,456,987.00 | -5,631,344.00 | -3,527,671.00 | -1,744,592.00 | -1,919,204.00 |
| Financing Cash Flow | -1,032,085.00 | 346,857.00 | 986,224.00 | 1,678,218.00 | 6,579,211.00 |
| Net Issuance/Repayment of Debt | 3,467,644.00 | 8,081,175.00 | 4,773,175.00 | 4,714,380.00 | 6,967,571.00 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 0 | 2,665,843.00 | 1,541,708.00 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | -4,499,729.00 | -7,734,318.00 | -3,786,951.00 | -5,702,005.00 | -1,930,068.00 |
| Net Change in Cash | -211,650.00 | -544,572.00 | -559,660.00 | -1,793,835.00 | 3,047,606.00 |
| Cash at Beginning of Period | 402,415.00 | 946,987.00 | 1,506,647.00 | 3,300,482.00 | 252,876.00 |
| Cash at End of Period | 190,765.00 | 402,415.00 | 946,987.00 | 1,506,647.00 | 3,300,482.00 |
| 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 | 22,213,369.00 | 21,595,817.00 | 21,354,343.00 | 19,969,811.00 | 19,786,003.00 | 20,113,833.00 | 19,825,188.00 | 19,492,990.00 | 19,251,824.00 | 18,648,212.00 | 18,350,691.00 | 18,557,694.00 | 18,950,929.00 | 19,113,200.00 | 19,255,492.00 | 18,729,837.00 | 18,730,027.00 | 18,526,579.00 | 18,973,793.00 | 18,399,317.00 |
| Current Assets | 1,041,353.00 | 1,172,633.00 | 1,145,496.00 | 1,010,104.00 | 1,179,233.00 | 1,582,342.00 | 1,590,154.00 | 1,313,148.00 | 1,611,296.00 | 1,848,579.00 | 1,644,670.00 | 1,872,869.00 | 2,157,384.00 | 3,131,747.00 | 3,214,510.00 | 3,301,568.00 | 3,281,201.00 | 3,465,450.00 | 3,779,323.00 | 3,557,544.00 |
| Cash and Short-Term Investments | 166,801.00 | 184,015.00 | 184,359.00 | 190,765.00 | 332,521.00 | 594,098.00 | 559,814.00 | 402,415.00 | 681,558.00 | 899,135.00 | 700,600.00 | 1,846,987.00 | 1,186,714.00 | 1,903,238.00 | 2,136,840.00 | 1,746,647.00 | 1,934,816.00 | 2,750,140.00 | 3,508,033.00 | 3,300,482.00 |
| Cash and Cash Equivalents | 166,801.00 | 184,015.00 | 184,359.00 | 190,765.00 | 332,521.00 | 594,098.00 | 559,814.00 | 402,415.00 | 681,558.00 | 899,135.00 | 700,600.00 | 1,846,987.00 | 1,186,714.00 | 1,903,238.00 | 2,136,840.00 | 1,506,647.00 | 1,934,816.00 | 2,750,140.00 | 3,508,033.00 | 3,300,482.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 240,000.00 | 0 | 0 | 0 | 0 |
| Net Receivables | 353,126.00 | 386,982.00 | 401,020.00 | 336,412.00 | 312,741.00 | 221,743.00 | 302,113.00 | 300,371.00 | 281,416.00 | 250,616.00 | 336,589.00 | 444,672.00 | 630,118.00 | 1,053,656.00 | 971,161.00 | 2,267,473.00 | 1,955,084.00 | 823,298.00 | 18,581.00 | 20,578.00 |
| Inventory | 155,513.00 | 160,564.00 | 155,712.00 | 149,718.00 | 145,056.00 | 149,931.00 | 157,879.00 | 157,646.00 | 166,063.00 | 153,850.00 | 145,948.00 | 148,717.00 | 155,880.00 | 154,397.00 | 141,956.00 | 118,205.00 | 108,177.00 | 92,041.00 | 84,691.00 | 82,381.00 |
| Other Current Assets | 365,913.00 | 441,072.00 | 404,405.00 | 333,209.00 | 388,915.00 | 616,570.00 | 570,348.00 | 452,716.00 | 482,259.00 | 544,978.00 | 461,533.00 | -567,507.00 | 184,672.00 | 20,456.00 | -35,447.00 | -830,757.00 | -716,876.00 | -200,029.00 | 168,018.00 | 154,103.00 |
| Non-Current Assets | 21,172,016.00 | 20,423,184.00 | 20,208,847.00 | 18,959,707.00 | 18,606,770.00 | 18,531,491.00 | 18,235,034.00 | 18,179,842.00 | 17,640,528.00 | 16,799,633.00 | 16,706,021.00 | 16,684,825.00 | 16,793,545.00 | 15,981,453.00 | 16,040,982.00 | 15,428,269.00 | 15,448,826.00 | 15,061,129.00 | 15,194,470.00 | 14,841,773.00 |
| Property, Plant, Equipment Net | 19,929,427.00 | 19,236,582.00 | 19,005,038.00 | 32,709,741.00 | 17,508,417.00 | 17,394,079.00 | 17,227,567.00 | 32,586,944.00 | 16,676,397.00 | 15,770,247.00 | 15,232,187.00 | 28,423,452.00 | 15,337,983.00 | 14,436,025.00 | 14,331,284.00 | 25,828,806.00 | 14,269,423.00 | 13,634,453.00 | 13,401,337.00 | 26,011,226.00 |
| Goodwill | 135,764.00 | 135,764.00 | 135,764.00 | 135,764.00 | 135,764.00 | 135,764.00 | 98,134.00 | 98,134.00 | 98,134.00 | 98,134.00 | 98,134.00 | 98,134.00 | 98,134.00 | 98,134.00 | 98,134.00 | 98,134.00 | 98,134.00 | 98,134.00 | 98,134.00 | 294,368.00 |
| Intangible Assets | 500,525.00 | 500,525.00 | 500,525.00 | 1,501,525.00 | 500,525.00 | 500,525.00 | 500,525.00 | 1,501,525.00 | 500,525.00 | 500,525.00 | 500,525.00 | 500,525.00 | 500,525.00 | 500,525.00 | 500,525.00 | 500,525.00 | 500,525.00 | 500,525.00 | 500,525.00 | 1,501,525.00 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 606,300.00 | 550,313.00 | 567,520.00 | -15,387,323.00 | 462,064.00 | 501,123.00 | 408,808.00 | -16,006,761.00 | 365,472.00 | 430,727.00 | 875,175.00 | -12,337,286.00 | 856,903.00 | 946,769.00 | 1,111,039.00 | -10,999,196.00 | 580,744.00 | 828,017.00 | 1,194,474.00 | -12,965,346.00 |
| Liabilities | 20,020,286.00 | 20,026,247.00 | 19,937,809.00 | 18,544,372.00 | 18,650,673.00 | 19,420,700.00 | 19,463,097.00 | 19,192,183.00 | 18,813,136.00 | 18,632,991.00 | 18,450,239.00 | 18,489,103.00 | 18,551,146.00 | 18,211,385.00 | 17,747,890.00 | 16,297,187.00 | 15,846,788.00 | 14,807,327.00 | 14,596,532.00 | 14,045,212.00 |
| Current Liabilities | 5,348,819.00 | 6,387,938.00 | 6,094,488.00 | 5,780,865.00 | 6,038,515.00 | 6,633,916.00 | 6,598,519.00 | 6,038,701.00 | 5,402,360.00 | 5,818,235.00 | 5,699,536.00 | 5,054,851.00 | 4,662,754.00 | 5,033,462.00 | 4,176,680.00 | 3,730,432.00 | 2,939,848.00 | 2,180,567.00 | 1,810,054.00 | 1,913,903.00 |
| Payables and Expenses | 193,396.00 | 169,367.00 | 161,778.00 | 171,106.00 | 172,937.00 | 182,451.00 | 204,971.00 | 174,338.00 | 158,414.00 | 148,328.00 | 203,233.00 | 228,742.00 | 141,305.00 | 100,336.00 | 91,786.00 | 233,172.00 | 94,951.00 | 110,628.00 | 92,711.00 | 83,136.00 |
| Account Payables | 193,396.00 | 169,367.00 | 161,778.00 | 171,106.00 | 172,937.00 | 182,451.00 | 204,971.00 | 174,338.00 | 158,414.00 | 148,328.00 | 203,233.00 | 228,742.00 | 141,305.00 | 100,336.00 | 91,786.00 | 233,172.00 | 94,951.00 | 110,628.00 | 92,711.00 | 83,136.00 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 876,198.00 | 1,130,228.00 | 1,121,941.00 | 1,323,769.00 | 1,653,460.00 | 1,525,488.00 | 1,744,221.00 | 1,744,778.00 | 1,240,088.00 | 1,125,754.00 | 1,210,248.00 | 991,128.00 | 1,012,722.00 | 1,005,198.00 | 1,009,741.00 | 876,890.00 | 543,739.00 | 361,233.00 | 37,033.00 | 124,885.00 |
| Other Current Liabilities | 4,279,225.00 | 5,088,343.00 | 4,810,769.00 | 4,285,990.00 | 4,212,118.00 | 4,925,977.00 | 4,649,327.00 | 4,119,585.00 | 4,003,858.00 | 4,544,153.00 | 4,286,055.00 | 3,834,981.00 | 3,508,727.00 | 3,927,928.00 | 3,075,153.00 | 2,620,370.00 | 2,301,158.00 | 1,708,706.00 | 1,680,310.00 | 1,705,882.00 |
| Non-Current Liabilities | 14,671,467.00 | 13,638,309.00 | 13,843,321.00 | 12,763,507.00 | 12,612,158.00 | 12,786,784.00 | 12,864,578.00 | 13,153,482.00 | 13,410,776.00 | 12,814,756.00 | 12,750,703.00 | 13,434,252.00 | 13,888,392.00 | 13,177,923.00 | 13,571,210.00 | 12,566,755.00 | 12,906,940.00 | 12,626,760.00 | 12,786,478.00 | 12,131,309.00 |
| Long-Term Debt | 13,645,263.00 | 12,633,183.00 | 12,871,840.00 | 11,776,721.00 | 11,751,743.00 | 11,913,073.00 | 12,005,296.00 | 12,314,147.00 | 12,634,609.00 | 11,994,555.00 | 11,920,504.00 | 12,630,402.00 | 12,893,407.00 | 12,239,362.00 | 12,563,518.00 | 11,569,700.00 | 11,864,794.00 | 11,924,634.00 | 12,181,702.00 | 11,681,234.00 |
| Other Non-Current Liabilities | 1,026,204.00 | 1,005,126.00 | 971,481.00 | 986,786.00 | 860,415.00 | 873,711.00 | 859,282.00 | 839,335.00 | 776,167.00 | 820,201.00 | 830,199.00 | 803,850.00 | 994,985.00 | 938,561.00 | 1,007,692.00 | 997,055.00 | 1,042,146.00 | 702,126.00 | 604,776.00 | 450,075.00 |
| Equity | 2,193,083.00 | 1,569,570.00 | 1,416,534.00 | 1,425,439.00 | 1,135,330.00 | 693,133.00 | 362,091.00 | 300,807.00 | 438,688.00 | 15,221.00 | -99,548.00 | 68,591.00 | 399,783.00 | 901,815.00 | 1,507,602.00 | 2,432,650.00 | 2,883,239.00 | 3,719,252.00 | 4,377,261.00 | 4,354,105.00 |
| Shareholders Equity | 3,956,043.00 | 2,700,151.00 | 2,360,943.00 | 2,343,839.00 | 1,135,330.00 | 693,133.00 | 362,091.00 | 300,807.00 | 438,688.00 | 15,221.00 | -199,096.00 | 68,591.00 | 399,783.00 | 901,815.00 | 1,507,602.00 | 4,739,690.00 | 5,640,868.00 | 7,312,894.00 | 4,377,261.00 | 4,354,105.00 |
| Capital Stock | 455.00 | 447.00 | 443.00 | 440.00 | 440.00 | 440.00 | 429.00 | 425.00 | 425.00 | 425.00 | 424.00 | 421.00 | 421.00 | 419.00 | 419.00 | 417.00 | 370.00 | 370.00 | 370.00 | 316.00 |
| Share Premium | 8,203,639.00 | 8,008,295.00 | 7,918,391.00 | 7,921,918.00 | 7,898,982.00 | 7,878,363.00 | 7,708,869.00 | 7,708,957.00 | 7,687,860.00 | 7,661,646.00 | 7,631,028.00 | 7,611,564.00 | 7,587,699.00 | 7,567,129.00 | 7,537,111.00 | 7,513,725.00 | 6,371,545.00 | 6,329,585.00 | 6,328,120.00 | 4,889,355.00 |
| Retained Earnings | -5,580,888.00 | -6,000,183.00 | -6,030,175.00 | -5,989,880.00 | -6,244,416.00 | -6,719,348.00 | -6,882,784.00 | -6,900,137.00 | -6,793,652.00 | -7,139,520.00 | -7,225,636.00 | -7,066,315.00 | -6,583,835.00 | -6,288,441.00 | -5,779,120.00 | -4,790,776.00 | -3,212,455.00 | -2,366,570.00 | -1,654,411.00 | -295,449.00 |
| 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 | -430,123.00 | -438,989.00 | -472,125.00 | -507,039.00 | -1,559,028.00 | -1,398,966.00 | -1,393,269.00 | -1,016,876.00 | -1,367,835.00 | -1,521,990.00 | -1,010,728.00 | -954,158.00 | -1,209,004.00 | -754,584.00 | -501,616.00 | -570,172.00 | -529,982.00 | -465,806.00 | -582,436.00 | -480,234.00 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 795.00 | 228.00 | 8,008.00 | 454.00 | 0 | 20,334.00 | 25,000.00 | 0 | 48,716.00 | 11,535.00 | 20,208.00 | 48,846.00 | 71,961.00 | 160,026.00 | 0 | 240,000.00 | 0 | 31,349.00 | 1,195.00 | 0 |
| Debt | 14,521,461.00 | 13,763,411.00 | 13,993,781.00 | 13,100,490.00 | 13,405,203.00 | 13,438,561.00 | 13,749,517.00 | 14,058,925.00 | 13,874,697.00 | 13,120,309.00 | 13,130,752.00 | 13,621,530.00 | 13,906,129.00 | 13,244,560.00 | 13,573,259.00 | 12,446,590.00 | 12,408,533.00 | 12,285,867.00 | 12,218,735.00 | 11,806,119.00 |
| Net Debt | 14,354,660.00 | 13,579,396.00 | 13,809,422.00 | 12,909,725.00 | 13,072,682.00 | 12,844,463.00 | 13,189,703.00 | 13,656,510.00 | 13,193,139.00 | 12,221,174.00 | 12,430,152.00 | 11,774,543.00 | 12,719,415.00 | 11,341,322.00 | 11,436,419.00 | 10,699,943.00 | 10,473,717.00 | 9,535,727.00 | 8,710,702.00 | 8,505,637.00 |
| Common Shares Outstanding | 455,252.15 | 446,814.01 | 443,439.39 | 439,861.28 | 439,702.25 | 439,686.82 | 429,025.83 | 425,546.57 | 425,424.93 | 425,155.52 | 424,158.98 | 421,413.57 | 421,393.34 | 419,116.81 | 419,100.69 | 416,891.91 | 370,032.46 | 369,935.98 | 369,932.86 | 315,636.03 |
| 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 | 7,583,192.00 | 4,645,050.00 | 2,127,553.00 | -4,645,556.00 | 7,370,285.00 | 4,563,707.00 | 2,191,215.00 | -3,862,914.00 | 6,563,468.00 | 4,027,431.00 | 1,821,939.00 | -711,932.00 | 3,324,631.00 | 1,709,121.00 | 521,940.00 | 476,869.00 | 160,549.00 | 7,468.00 | 3,100.00 |
| Cost Of Revenue | 11,910,899.00 | 7,601,718.00 | 3,577,310.00 | 7,110,652.00 | 4,381,117.00 | 2,842,178.00 | 1,387,423.00 | -2,622,633.00 | 4,146,774.00 | 2,664,028.00 | 1,280,418.00 | -1,324,683.00 | 3,047,627.00 | 1,808,729.00 | 735,413.00 | -334,252.00 | 890,338.00 | 732,379.00 | 319,572.00 |
| Gross Profit | -4,327,707.00 | -2,956,668.00 | -1,449,757.00 | -11,756,208.00 | 2,989,168.00 | 1,721,529.00 | 803,792.00 | -1,240,281.00 | 2,416,694.00 | 1,363,403.00 | 541,521.00 | 612,751.00 | 277,004.00 | -99,608.00 | -213,473.00 | 811,121.00 | -729,789.00 | -724,911.00 | -316,472.00 |
| Operating Expenses | -5,701,934.00 | -3,581,446.00 | -1,650,699.00 | -11,192,600.00 | 1,738,003.00 | 1,161,574.00 | 585,398.00 | -1,070,630.00 | 1,610,113.00 | 1,080,140.00 | 530,803.00 | -880,594.00 | 1,547,792.00 | 985,950.00 | 475,283.00 | -249,643.00 | 1,135,687.00 | 451,459.00 | 254,794.00 |
| Selling, General and Administrative Expenses | 1,167,432.00 | 784,430.00 | 391,376.00 | -718,143.00 | 1,074,241.00 | 716,240.00 | 362,469.00 | -695,990.00 | 1,013,600.00 | 688,235.00 | 336,013.00 | -542,967.00 | 1,000,578.00 | 625,287.00 | 296,207.00 | -318,241.00 | 617,820.00 | 388,678.00 | 203,195.00 |
| Other Operating Expenses | -6,869,366.00 | -4,365,876.00 | -2,042,075.00 | -10,474,457.00 | 663,762.00 | 445,334.00 | 222,929.00 | -374,640.00 | 596,513.00 | 391,905.00 | 194,790.00 | -337,627.00 | 547,214.00 | 360,663.00 | 179,076.00 | 68,598.00 | 517,867.00 | 62,781.00 | 51,599.00 |
| Operating Income | 1,374,227.00 | 624,778.00 | 200,942.00 | -563,608.00 | 1,251,165.00 | 559,955.00 | 218,394.00 | -169,651.00 | 806,581.00 | 283,263.00 | 10,718.00 | 1,493,345.00 | -1,270,788.00 | -1,085,558.00 | -688,756.00 | 1,060,764.00 | -1,865,476.00 | -1,176,370.00 | -571,266.00 |
| Net Non-Operating Income | -951,397.00 | -635,584.00 | -242,377.00 | 2,015,449.00 | -585,978.00 | -376,616.00 | -200,040.00 | 313,512.00 | -535,088.00 | -365,947.00 | -180,212.00 | -1,785,313.00 | -523,820.00 | -402,951.00 | -289,565.00 | -3,678,697.00 | -1,065,441.00 | -908,956.00 | -797,198.00 |
| Interest Income | -748,801.00 | -429,028.00 | -203,153.00 | 0 | -523,543.00 | -363,292.00 | -200,837.00 | 946,986.00 | -478,266.00 | -314,575.00 | -154,176.00 | 1,325,838.00 | -574,926.00 | -440,006.00 | -312,418.00 | 2,790,843.00 | -1,052,994.00 | -913,366.00 | -797,408.00 |
| Interest Expense | 34,669.00 | 25,626.00 | 14,719.00 | 648,204.00 | 48,322.00 | 33,357.00 | 17,340.00 | 624,161.00 | 51,884.00 | 34,374.00 | 17,081.00 | 703,211.00 | 49,466.00 | 32,056.00 | 15,267.00 | 1,954,722.00 | 69,911.00 | 48,334.00 | 27,033.00 |
| Net Interest | -783,470.00 | -454,654.00 | -217,872.00 | 439,468.00 | -571,865.00 | -396,649.00 | -218,177.00 | 322,825.00 | -530,150.00 | -348,949.00 | -171,257.00 | 622,627.00 | -624,392.00 | -472,062.00 | -327,685.00 | 836,121.00 | -1,122,905.00 | -961,700.00 | -824,441.00 |
| EBT | 422,830.00 | -10,806.00 | -41,435.00 | 1,451,841.00 | 665,187.00 | 183,339.00 | 18,354.00 | 143,861.00 | 271,493.00 | -82,684.00 | -169,494.00 | -291,968.00 | -1,794,608.00 | -1,488,509.00 | -978,321.00 | -2,617,933.00 | -2,930,917.00 | -2,085,326.00 | -1,368,464.00 |
| Income Tax | 13,838.00 | 503.00 | 1,140.00 | 124,333.00 | 9,466.00 | 2,550.00 | 1,001.00 | -17,820.00 | 1,170.00 | 9,479.00 | 10,173.00 | -8,304.00 | 7,179.00 | 3,526.00 | 4,393.00 | -2,065.00 | 2,949.00 | 2,655.00 | 1,728.00 |
| Net Income | 408,992.00 | -10,303.00 | -40,295.00 | 56,394.00 | 655,721.00 | 180,789.00 | 17,353.00 | 126,041.00 | 272,663.00 | -73,205.00 | -159,321.00 | 1,992,269.00 | -1,787,429.00 | -1,492,035.00 | -982,714.00 | 1,885,452.00 | -2,933,866.00 | -2,087,981.00 | -1,370,192.00 |
| EBIT | 457,499.00 | 14,820.00 | -26,716.00 | 2,100,045.00 | 713,509.00 | 216,696.00 | 35,694.00 | 768,022.00 | 323,377.00 | -48,310.00 | -152,413.00 | 411,243.00 | -1,745,142.00 | -1,456,453.00 | -963,054.00 | -663,211.00 | -2,861,006.00 | -2,036,992.00 | -1,341,431.00 |
| Deprecation and Amortization | 787,760.00 | 514,972.00 | 250,535.00 | -486,484.00 | 726,877.00 | 488,027.00 | 245,092.00 | -402,686.00 | 649,958.00 | 425,288.00 | 210,676.00 | -370,154.00 | 593,423.00 | 391,320.00 | 195,464.00 | -358,621.00 | 560,972.00 | 372,445.00 | 183,808.00 |
| EBITDA | 1,245,259.00 | 529,792.00 | 223,819.00 | 1,613,561.00 | 1,440,386.00 | 704,723.00 | 280,786.00 | 365,336.00 | 973,335.00 | 376,978.00 | 58,263.00 | 41,089.00 | -1,151,719.00 | -1,065,133.00 | -767,590.00 | -1,021,832.00 | -2,300,034.00 | -1,664,547.00 | -1,157,623.00 |
| 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 | -0.01 | -0.01 | -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 | -0.01 | -0.01 | -0.00 |
| Average Shares Outstanding Basic | 446,279.72 | 443,882.01 | 441,147.19 | 449,714.43 | 433,791.00 | 430,805.48 | 426,803.52 | 427,535.91 | 424,087.52 | 423,421.20 | 422,655.22 | 423,708.73 | 419,224.71 | 418,424.75 | 417,734.59 | 426,064.30 | 356,591.14 | 349,767.22 | 329,377.21 |
| Average Shares Outstanding Diluted | 505,317.44 | 443,882.01 | 441,147.19 | 647,022.48 | 514,002.03 | 468,078.47 | 431,019.21 | 402,707.60 | 460,819.38 | 423,421.20 | 422,655.22 | 423,708.73 | 419,224.71 | 418,424.75 | 417,734.59 | 426,064.30 | 356,591.14 | 349,767.22 | 329,377.21 |
| 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 | 1,630,636.00 | 1,394,072.00 | 679,221.00 | -1,885,979.00 | 1,650,567.00 | 1,478,064.00 | 807,171.00 | -1,780,948.00 | 1,746,714.00 | 1,536,615.00 | 503,333.00 | 716,436.00 | -26,580.00 | -108,825.00 | -371,011.00 | 2,018,408.00 | -2,152,351.00 | -1,482,055.00 | -852,011.00 |
| Operating Net Income | 408,992.00 | -10,303.00 | -40,295.00 | 56,394.00 | 655,721.00 | 180,789.00 | 17,353.00 | 126,041.00 | 272,663.00 | -73,205.00 | -159,321.00 | 1,992,269.00 | -1,787,429.00 | -1,492,035.00 | -982,714.00 | 1,885,452.00 | -2,933,866.00 | -2,087,981.00 | -1,370,192.00 |
| Deprecation and Amortization | 787,760.00 | 514,972.00 | 250,535.00 | -486,484.00 | 726,877.00 | 488,027.00 | 245,092.00 | -402,686.00 | 649,958.00 | 425,288.00 | 210,676.00 | -370,154.00 | 593,423.00 | 391,320.00 | 195,464.00 | -358,621.00 | 560,972.00 | 372,445.00 | 183,808.00 |
| Deferred Income Tax | 0 | 0 | 0 | -155,114.00 | 0 | 0 | 0 | -132.00 | 0 | 0 | 0 | -1,237.00 | 0 | 0 | 0 | -19.00 | 79.00 | 12.00 | 6.00 |
| Share Based Compensation | 64,598.00 | 46,180.00 | 20,281.00 | -40,669.00 | 65,570.00 | 44,932.00 | 21,948.00 | -78,160.00 | 96,254.00 | 72,691.00 | 28,155.00 | -70,992.00 | 88,923.00 | 62,840.00 | 32,792.00 | -40,550.00 | 88,974.00 | 49,052.00 | 26,601.00 |
| Change in Working Capital | 88,469.00 | 868,064.00 | 808,964.00 | -1,601,513.00 | -28,274.00 | 790,431.00 | 710,208.00 | -878,397.00 | -140,960.00 | 331,862.00 | 701,324.00 | -685,345.00 | 443,902.00 | 641,214.00 | 319,008.00 | -1,082,244.00 | 1,557,051.00 | 878,532.00 | 494,072.00 |
| Other Operating Activities | 280,817.00 | -24,841.00 | -360,264.00 | 341,407.00 | 230,673.00 | -26,115.00 | -187,430.00 | -547,614.00 | 868,799.00 | 779,979.00 | -277,501.00 | -148,105.00 | 634,601.00 | 287,836.00 | 64,439.00 | 1,614,390.00 | -1,425,561.00 | -694,115.00 | -186,306.00 |
| Investing Cash Flow | -2,831,546.00 | -1,868,062.00 | -1,532,242.00 | 632,401.00 | -985,674.00 | -620,872.00 | -255,243.00 | 538,045.00 | -2,206,630.00 | -992,202.00 | -236,356.00 | -163,008.00 | -1,591,486.00 | -81,066.00 | 79,656.00 | -7,592.00 | -542,971.00 | -315,215.00 | -138,266.00 |
| 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 | 2,821,959.00 | 1,858,861.00 | 1,525,220.00 | -614,920.00 | 967,516.00 | 599,505.00 | 258,851.00 | -564,202.00 | 2,102,698.00 | 974,190.00 | 237,676.00 | -336,172.00 | 1,628,442.00 | 326,303.00 | 165,284.00 | -232,518.00 | 539,530.00 | 309,481.00 | 136,350.00 |
| Net Purchase/Sale of Investments Net | 8,490.00 | 9,201.00 | 7,022.00 | 8,052.00 | -9,164.00 | -5,955.00 | -3,608.00 | 5,204.00 | -14,678.00 | -5,367.00 | -1,320.00 | 9,078.00 | -10,991.00 | -5,237.00 | -4,940.00 | 4,280.00 | -11,024.00 | -2,825.00 | -2,726.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | -27,322.00 | 27,322.00 | 27,322.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | -5,661,995.00 | -3,736,124.00 | -3,064,484.00 | 1,266,591.00 | -1,971,348.00 | -1,241,744.00 | -510,486.00 | 1,097,043.00 | -4,294,650.00 | -1,961,025.00 | -472,712.00 | 164,086.00 | -3,208,937.00 | -402,132.00 | -80,688.00 | 220,646.00 | -1,071,477.00 | -621,871.00 | -271,890.00 |
| Financing Cash Flow | 1,176,946.00 | 467,240.00 | 846,615.00 | 762,740.00 | -734,787.00 | -665,509.00 | -394,529.00 | 1,257,999.00 | 194,487.00 | -592,265.00 | -513,364.00 | -1,819,939.00 | 1,298,133.00 | 586,482.00 | 921,548.00 | -2,096,194.00 | 1,329,656.00 | 1,246,928.00 | 1,197,828.00 |
| Net Issuance/Repayment of Debt | 16,949,513.00 | 8,319,286.00 | 6,402,351.00 | -47,450.00 | 1,957,506.00 | 1,039,843.00 | 517,745.00 | -5,228,687.00 | 5,618,864.00 | 4,538,964.00 | 3,152,034.00 | -6,045,949.00 | 4,468,442.00 | 3,342,063.00 | 3,008,619.00 | -1,654,724.00 | 2,234,247.00 | 2,102,789.00 | 2,032,068.00 |
| Net Issuance/Repurchase of Equity | 145,272.00 | 63,996.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,009,361.00 | 1,558,396.00 | 1,558,396.00 | 1,558,412.00 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | -15,917,839.00 | -7,916,042.00 | -5,555,736.00 | 810,190.00 | -2,692,293.00 | -1,705,352.00 | -912,274.00 | 6,486,686.00 | -5,424,377.00 | -5,131,229.00 | -3,665,398.00 | 4,226,010.00 | -3,170,309.00 | -2,755,581.00 | -2,087,071.00 | 1,567,891.00 | -2,462,987.00 | -2,414,257.00 | -2,392,652.00 |
| Net Change in Cash | -23,964.00 | -6,750.00 | -6,406.00 | -490,838.00 | -69,894.00 | 191,683.00 | 157,399.00 | 15,096.00 | -265,429.00 | -47,852.00 | -246,387.00 | -1,266,511.00 | -319,933.00 | 396,591.00 | 630,193.00 | -85,378.00 | -1,365,666.00 | -550,342.00 | 207,551.00 |
| Cash at Beginning of Period | 190,765.00 | 190,765.00 | 190,765.00 | 681,603.00 | 402,415.00 | 402,415.00 | 402,415.00 | 387,319.00 | 946,987.00 | 946,987.00 | 946,987.00 | 2,213,498.00 | 1,506,647.00 | 1,506,647.00 | 1,506,647.00 | 1,592,025.00 | 3,300,482.00 | 3,300,482.00 | 3,300,482.00 |
| Cash at End of Period | 166,801.00 | 184,015.00 | 184,359.00 | 190,765.00 | 332,521.00 | 594,098.00 | 559,814.00 | 402,415.00 | 681,558.00 | 899,135.00 | 700,600.00 | 946,987.00 | 1,186,714.00 | 1,903,238.00 | 2,136,840.00 | 1,506,647.00 | 1,934,816.00 | 2,750,140.00 | 3,508,033.00 |
| Free Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |