NEE

Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 21.21 16.83 39.81 51.30 51.78
Price to Sales 6.26 4.96 7.17 9.75 8.89
Book Value Per Common Share 24.36 23.13 19.74 53.18 42.85
Price to Book 2.94 2.63 4.23 1.76 1.80
Price to Operating Cash Flow 6.76 6.28 12.53 14.19 11.31
Price to Free Cash Flow
Enterprise Value to EBITDA 74339.76 55080.54 105961.24 136681.81 126324.88
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 29.37 49.94 172.90 30.19 37.27 57.58 18.97 30.54 74.12 58.95 164.81 -368.30 64.89 74.78 88.95
Price to Sales 7.91 11.61 24.29 9.54 12.75 24.28 6.06 12.50 27.04 8.89 13.84 33.29 10.93 16.53 37.08
Book Value Per Common Share 26.01 24.67 24.19 24.36 24.34 23.91 23.67 23.13 22.95 22.13 21.20 19.74 19.44 18.54 18.27 53.18 18.68 18.82 19.06 42.85
Price to Book 2.90 2.81 2.93 2.94 3.47 2.96 2.70 2.63 2.50 3.35 3.64 4.23 4.03 4.18 4.64 1.76 4.20 3.89 3.97 1.80
Price to Operating Cash Flow 9.27 14.57 31.15 9.32 12.64 24.54 7.57 16.77 45.99 13.09 19.04 47.65 14.09 23.11 57.80
Price to Free Cash Flow
Enterprise Value to EBITDA 101234.45 165223.81 490339.76 112706.66 150986.11 272727.31 67370.97 129162.81 334709.59 138336.16 256776.71 1188721.29 155709.29 224030.17 388047.77

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY -6.37 71.90 15.38 22.15
Revenue YoY -5.24 7.83 22.34 10.59
EBITDA YoY -12.34 44.35 16.92 12.01
Net Profit YoY -4.98 76.27 16.06 22.40
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 84.89 239.02 47.37 71.17 24.28 133.65 182.98 23.47 15.29
Revenue YoY 60.16 105.00 59.65 111.11 60.00 110.53 58.18 120.00 62.07 117.50
EBITDA YoY 79.52 190.66 60.00 100.17 50.08 149.53 90.01 323.43 54.18 67.92
Net Profit YoY 73.09 151.75 47.64 71.52 24.97 133.99 57.67 113.03 23.26 15.37

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 0.74 1.36 0.82 0.35 0.57
Quick Ratio 0.24 0.26 0.25 0.28 0.28
Current Ratio 0.51 0.56 0.55 0.57 0.50
Debt to Equity 0.37 0.58 0.60 0.58 0.57
Long-Term Debt to Equity 0.28 0.42 0.43 0.45 0.44
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 1.19 0.90 1.43 0.74 1.17 0.78 0.81 1.34 0.82 0.82 1.19 0.82 1.89 1.49 0.78 0.35 0.39 0.47 0.77 0.57
Quick Ratio 0.35 0.32 0.31 0.24 0.25 0.25 0.26 0.26 0.25 0.27 0.26 0.25 0.33 0.31 0.27 0.28 0.25 0.29 0.30 0.28
Current Ratio 0.57 0.57 0.60 0.51 0.46 0.52 0.57 0.56 0.55 0.60 0.61 0.55 0.53 0.58 0.53 0.57 0.51 0.54 0.55 0.50
Debt to Equity 0.36 0.37 0.37 0.37 0.59 0.59 0.56 0.58 0.59 0.59 0.59 0.60 0.61 0.62 0.62 0.58 0.58 0.58 0.57 0.57
Long-Term Debt to Equity 0.31 0.31 0.31 0.28 0.47 0.47 0.46 0.42 0.45 0.47 0.46 0.43 0.47 0.48 0.50 0.45 0.47 0.48 0.47 0.44

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 0.95 1.44 0.91 0.86 0.81
ROE 1.30 2.26 1.46 1.37 1.28
Gross Margin
Operating Margin 49.15 52.27 36.87 38.40 33.37
EBITDA Margin 84.42 91.25 68.17 71.32 70.42
Net Profit Margin 29.56 29.48 18.03 19.01 17.17
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 0.88 0.52 0.21 1.17 0.79 0.47 1.33 1.08 0.47 0.70 0.46 0.22 0.63 0.53 0.46
ROE 1.19 0.71 0.29 1.85 1.26 0.74 2.11 1.72 0.75 1.13 0.75 0.36 1.00 0.83 0.73
Gross Margin
Operating Margin 39.07 34.94 24.57 52.22 55.58 66.94 54.35 66.62 61.46 34.06 24.62 1.04 36.96 43.43 68.35
EBITDA Margin 78.85 70.35 49.62 84.75 84.56 89.19 90.89 96.90 81.75 64.74 53.89 28.00 70.18 73.77 95.55
Net Profit Margin 32.91 30.46 24.80 31.55 34.12 42.00 31.77 40.68 36.60 16.89 16.95 17.50 16.80 22.09 41.65

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 731,853,000.00 509,083,000.00 454,493,000.00 413,491,000.00 358,857,000.00
   Current Assets 16,734,000.00 20,357,000.00 19,043,000.00 13,206,000.00 9,896,000.00
      Cash and Short-Term Investments 1,519,000.00 2,747,000.00 1,626,000.00 694,000.00 1,125,000.00
            Cash and Cash Equivalents 1,519,000.00 2,747,000.00 1,626,000.00 694,000.00 1,125,000.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 6,296,000.00 6,578,000.00 7,164,000.00 5,755,000.00 4,327,000.00
      Inventory 3,523,000.00 3,445,000.00 3,093,000.00 2,524,000.00 2,329,000.00
      Other Current Assets 5,396,000.00 7,587,000.00 7,160,000.00 4,233,000.00 2,115,000.00
   Non-Current Assets 715,119,000.00 488,726,000.00 435,450,000.00 400,285,000.00 348,961,000.00
      Property, Plant, Equipment Net 366,234,000.00 208,240,000.00 180,738,000.00 161,537,000.00 150,246,000.00
      Goodwill 4,866,000.00 5,091,000.00 4,854,000.00 19,279,000.00 12,119,000.00
      Intangible Assets 1,780,000.00 1,706,000.00 722,000.00 694,000.00 619,000.00
      Long-Term Investments 28,770,000.00 20,188,000.00 23,346,000.00 22,017,000.00 20,627,000.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 313,469,000.00 253,501,000.00 225,790,000.00 196,758,000.00 165,350,000.00
Liabilities 197,131,000.00 186,109,000.00 170,513,000.00 152,098,000.00 130,034,000.00
   Current Liabilities 32,850,000.00 36,039,000.00 34,538,000.00 23,195,000.00 19,782,000.00
      Payables and Expenses 3,206,000.00 2,415,000.00 3,129,000.00 2,949,000.00 1,376,000.00
            Account Payables 3,206,000.00 2,415,000.00 3,129,000.00 2,949,000.00 1,376,000.00
            Current Accrued Liabilities 0 0 0 0 0
      Short-Term Debt 19,464,000.00 21,402,000.00 18,313,000.00 7,292,000.00 11,838,000.00
      Other Current Liabilities 10,180,000.00 12,222,000.00 13,096,000.00 12,954,000.00 6,568,000.00
   Non-Current Liabilities 151,498,000.00 135,060,000.00 122,600,000.00 116,521,000.00 100,843,000.00
      Long-Term Debt 145,206,000.00 124,184,000.00 111,620,000.00 103,045,000.00 84,381,000.00
      Other Non-Current Liabilities 6,292,000.00 10,876,000.00 10,980,000.00 13,476,000.00 16,462,000.00
Equity 534,722,000.00 322,974,000.00 283,980,000.00 261,393,000.00 228,823,000.00
   Shareholders Equity 50,101,000.00 47,468,000.00 39,229,000.00 104,390,000.00 83,993,000.00
      Capital Stock 1,394,000.00 1,394,000.00 1,393,000.00 1,393,000.00 1,393,000.00
      Share Premium 44,128,000.00 40,835,000.00 36,281,000.00 31,207,000.00 23,975,000.00
      Retained Earnings 47,781,000.00 44,227,000.00 40,693,000.00 38,196,000.00 34,977,000.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -252,000.00 -306,000.00 -436,000.00 0 -184,000.00
   Minority Interest 10,359,000.00 10,300,000.00 9,097,000.00 8,222,000.00 8,416,000.00
Investments 28,770,000.00 20,188,000.00 23,346,000.00 22,017,000.00 20,627,000.00
Debt 164,670,000.00 145,586,000.00 129,933,000.00 110,337,000.00 96,219,000.00
Net Debt 163,151,000.00 142,839,000.00 128,307,000.00 109,643,000.00 95,094,000.00
Common Shares Outstanding 2,057,000.00 2,052,000.00 1,987,000.00 1,963,000.00 1,960,000.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 23,500,000.00 24,800,000.00 23,000,000.00 18,800,000.00 17,000,000.00
Operating Expenses 28,154,000.00 48,739,000.00 46,782,000.00 38,050,000.00 34,330,000.00
   Selling, General and Administrative Expenses 6,457,000.00 4,224,000.00 3,825,000.00 3,334,000.00 3,062,000.00
   Other Operating Expenses 21,697,000.00 44,515,000.00 42,957,000.00 34,716,000.00 31,268,000.00
Operating Income 13,920,000.00 17,125,000.00 10,798,000.00 7,988,000.00 8,916,000.00
Net Non-Operating Income -2,370,000.00 -4,162,000.00 -2,318,000.00 -769,000.00 -3,243,000.00
Interest Expense 0.00 0.00 0.00 0.00 0.00
EBT 11,550,000.00 12,963,000.00 8,480,000.00 7,219,000.00 5,673,000.00
Income Tax 1,624,000.00 3,135,000.00 2,119,000.00 767,000.00 698,000.00
Equity Method Investments Income -759,000.00 -1,296,000.00 203,000.00 666,000.00 -2,702,000.00
Net Income Including Non-Controlling Interests 22,867,000.00 8,527,000.00 4,569,000.00 3,580,000.00 2,580,000.00
Net Income Non-Controlling Interests -15,921,000.00 -1,217,000.00 -422,000.00 -7,000.00 339,000.00
Net Income 6,946,000.00 7,310,000.00 4,147,000.00 3,573,000.00 2,919,000.00
EBIT 11,550,000.00 12,963,000.00 8,480,000.00 7,219,000.00 5,673,000.00
Deprecation and Amortization 8,289,000.00 9,668,000.00 7,198,000.00 6,190,000.00 6,298,000.00
EBITDA 19,839,000.00 22,631,000.00 15,678,000.00 13,409,000.00 11,971,000.00
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 2,052,900.00 2,026,100.00 1,972,600.00 1,962,500.00 1,959,000.00
Average Shares Outstanding Diluted 2,059,200.00 2,030,800.00 1,978,600.00 1,972,200.00 1,968,800.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 21,766,000.00 19,597,000.00 13,156,000.00 12,911,000.00 13,364,000.00
   Operating Net Income 22,867,000.00 35,239,000.00 21,279,000.00 16,006,000.00 13,226,000.00
   Deprecation and Amortization 8,289,000.00 9,668,000.00 7,198,000.00 6,190,000.00 6,298,000.00
   Deferred Income Tax 1,910,000.00 547,000.00 1,476,000.00 1,188,000.00 435,000.00
   Share Based Compensation 0 0 0 0 0
   Change in Working Capital 3,069,000.00 562,000.00 5,745,000.00 3,152,000.00 913,000.00
   Other Operating Activities -14,369,000.00 -26,419,000.00 -22,542,000.00 -13,625,000.00 -7,508,000.00
Investing Cash Flow -30,648,000.00 -31,982,000.00 -27,717,000.00 -21,232,000.00 -20,396,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 0 924,000.00 0 0 0
   Net Purchase/Sale of Investments Net 13,000.00 125,000.00 -86,000.00 -55,000.00 -147,000.00
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities -30,661,000.00 -33,031,000.00 -27,631,000.00 -21,177,000.00 -20,249,000.00
Financing Cash Flow 6,939,000.00 12,382,000.00 16,643,000.00 8,038,000.00 7,391,000.00
   Net Issuance/Repayment of Debt 49,327,000.00 37,315,000.00 25,298,000.00 30,088,000.00 26,223,000.00
   Net Issuance/Repurchase of Equity 48,000.00 4,514,000.00 1,460,000.00 14,000.00 0
   Dividends Paid 11,635,000.00 3,782,000.00 3,352,000.00 3,024,000.00 2,743,000.00
   Other Financing Activities -54,071,000.00 -33,229,000.00 -13,467,000.00 -25,088,000.00 -21,575,000.00
Net Change in Cash -1,957,000.00 -7,000.00 2,075,000.00 -282,000.00 339,000.00
   Cash at Beginning of Period 3,359,000.00 3,427,000.00 1,366,000.00 1,598,000.00 1,207,000.00
   Cash at End of Period 1,402,000.00 3,420,000.00 3,441,000.00 1,316,000.00 1,546,000.00
Free Cash Flow 0 0 0 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Assets 740,516,000.00 722,724,000.00 708,300,000.00 731,853,000.00 491,832,000.00 490,270,000.00 479,287,000.00 509,083,000.00 458,915,000.00 450,461,000.00 443,028,000.00 454,493,000.00 418,222,000.00 405,831,000.00 390,044,000.00 413,491,000.00 376,272,000.00 365,978,000.00 358,877,000.00 358,857,000.00
   Current Assets 17,167,000.00 17,297,000.00 17,501,000.00 16,734,000.00 16,663,000.00 17,340,000.00 17,017,000.00 20,357,000.00 20,491,000.00 18,634,000.00 19,311,000.00 19,043,000.00 18,563,000.00 19,092,000.00 14,893,000.00 13,206,000.00 13,213,000.00 11,369,000.00 11,160,000.00 9,896,000.00
      Cash and Short-Term Investments 2,466,000.00 1,859,000.00 2,931,000.00 1,519,000.00 2,401,000.00 1,609,000.00 1,664,000.00 2,747,000.00 1,673,000.00 1,661,000.00 2,374,000.00 1,626,000.00 3,726,000.00 2,928,000.00 1,529,000.00 694,000.00 763,000.00 926,000.00 1,506,000.00 1,125,000.00
            Cash and Cash Equivalents 2,466,000.00 1,859,000.00 2,931,000.00 1,519,000.00 2,401,000.00 1,609,000.00 1,664,000.00 2,747,000.00 1,673,000.00 1,661,000.00 2,374,000.00 1,626,000.00 3,726,000.00 2,928,000.00 1,529,000.00 694,000.00 763,000.00 926,000.00 1,506,000.00 1,125,000.00
            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 7,970,000.00 7,906,000.00 6,286,000.00 6,296,000.00 6,599,000.00 6,831,000.00 5,968,000.00 6,578,000.00 7,565,000.00 6,787,000.00 5,852,000.00 7,164,000.00 7,909,000.00 7,349,000.00 6,006,000.00 5,755,000.00 5,780,000.00 5,148,000.00 4,671,000.00 4,327,000.00
      Inventory 3,784,000.00 3,531,000.00 3,653,000.00 3,523,000.00 3,597,000.00 3,513,000.00 3,466,000.00 3,445,000.00 3,355,000.00 3,141,000.00 3,085,000.00 3,093,000.00 2,864,000.00 2,676,000.00 2,567,000.00 2,524,000.00 2,666,000.00 2,502,000.00 2,518,000.00 2,329,000.00
      Other Current Assets 2,947,000.00 4,001,000.00 4,631,000.00 5,396,000.00 4,066,000.00 5,387,000.00 5,919,000.00 7,587,000.00 7,898,000.00 7,045,000.00 8,000,000.00 7,160,000.00 4,064,000.00 6,139,000.00 4,791,000.00 4,233,000.00 4,004,000.00 2,793,000.00 2,465,000.00 2,115,000.00
   Non-Current Assets 723,349,000.00 705,427,000.00 690,799,000.00 715,119,000.00 475,169,000.00 472,930,000.00 462,270,000.00 488,726,000.00 438,424,000.00 431,827,000.00 423,717,000.00 435,450,000.00 399,659,000.00 386,739,000.00 375,151,000.00 400,285,000.00 363,059,000.00 354,609,000.00 347,717,000.00 348,961,000.00
      Property, Plant, Equipment Net 394,994,000.00 383,916,000.00 375,571,000.00 366,234,000.00 156,727,000.00 157,384,000.00 153,944,000.00 208,240,000.00 144,081,000.00 141,106,000.00 138,001,000.00 180,738,000.00 127,748,000.00 125,938,000.00 122,079,000.00 161,537,000.00 118,357,000.00 115,479,000.00 112,528,000.00 150,246,000.00
      Goodwill 7,814,000.00 7,832,000.00 7,831,000.00 4,866,000.00 7,884,000.00 8,052,000.00 8,050,000.00 5,091,000.00 8,008,000.00 8,173,000.00 8,173,000.00 4,854,000.00 8,453,000.00 8,424,000.00 8,425,000.00 19,279,000.00 8,425,000.00 8,427,000.00 8,441,000.00 12,119,000.00
      Intangible Assets 0 0 0 1,780,000.00 0 0 0 1,706,000.00 0 0 0 722,000.00 0 0 0 694,000.00 0 0 0 619,000.00
      Long-Term Investments 18,831,000.00 18,795,000.00 18,292,000.00 28,770,000.00 12,457,000.00 10,700,000.00 10,533,000.00 20,188,000.00 15,392,000.00 12,239,000.00 12,359,000.00 23,346,000.00 11,242,000.00 10,847,000.00 10,190,000.00 22,017,000.00 10,013,000.00 10,063,000.00 10,316,000.00 20,627,000.00
      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 301,710,000.00 294,884,000.00 289,105,000.00 313,469,000.00 298,101,000.00 296,794,000.00 289,743,000.00 253,501,000.00 270,943,000.00 270,309,000.00 265,184,000.00 225,790,000.00 252,216,000.00 241,530,000.00 234,457,000.00 196,758,000.00 226,264,000.00 220,640,000.00 216,432,000.00 165,350,000.00
Liabilities 197,427,000.00 195,566,000.00 191,208,000.00 197,131,000.00 182,146,000.00 181,190,000.00 172,665,000.00 186,109,000.00 170,310,000.00 167,409,000.00 163,668,000.00 170,513,000.00 158,950,000.00 155,717,000.00 149,911,000.00 152,098,000.00 138,366,000.00 134,002,000.00 129,956,000.00 130,034,000.00
   Current Liabilities 30,059,000.00 30,100,000.00 29,394,000.00 32,850,000.00 36,049,000.00 33,654,000.00 29,649,000.00 36,039,000.00 37,148,000.00 31,023,000.00 31,759,000.00 34,538,000.00 35,299,000.00 33,136,000.00 28,129,000.00 23,195,000.00 25,812,000.00 21,106,000.00 20,259,000.00 19,782,000.00
      Payables and Expenses 3,262,000.00 2,688,000.00 2,562,000.00 3,206,000.00 2,077,000.00 2,334,000.00 1,906,000.00 2,415,000.00 2,673,000.00 2,800,000.00 2,664,000.00 3,129,000.00 2,582,000.00 2,454,000.00 2,568,000.00 2,949,000.00 1,857,000.00 1,566,000.00 1,513,000.00 1,376,000.00
            Account Payables 3,262,000.00 2,688,000.00 2,562,000.00 3,206,000.00 2,077,000.00 2,334,000.00 1,906,000.00 2,415,000.00 2,673,000.00 2,800,000.00 2,664,000.00 3,129,000.00 2,582,000.00 2,454,000.00 2,568,000.00 2,949,000.00 1,857,000.00 1,566,000.00 1,513,000.00 1,376,000.00
            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 11,112,000.00 13,089,000.00 12,179,000.00 19,464,000.00 18,664,000.00 17,483,000.00 15,353,000.00 21,402,000.00 18,216,000.00 13,473,000.00 14,424,000.00 18,313,000.00 11,961,000.00 12,349,000.00 11,113,000.00 7,292,000.00 8,711,000.00 6,675,000.00 7,803,000.00 11,838,000.00
      Other Current Liabilities 15,685,000.00 14,323,000.00 14,653,000.00 10,180,000.00 15,308,000.00 13,837,000.00 12,390,000.00 12,222,000.00 16,259,000.00 14,750,000.00 14,671,000.00 13,096,000.00 20,756,000.00 18,333,000.00 14,448,000.00 12,954,000.00 15,244,000.00 12,865,000.00 10,943,000.00 6,568,000.00
   Non-Current Liabilities 166,285,000.00 164,036,000.00 160,276,000.00 151,498,000.00 144,385,000.00 145,751,000.00 140,623,000.00 135,060,000.00 130,358,000.00 133,241,000.00 128,744,000.00 122,600,000.00 121,285,000.00 119,827,000.00 119,185,000.00 116,521,000.00 110,791,000.00 111,046,000.00 107,509,000.00 100,843,000.00
      Long-Term Debt 110,632,000.00 109,481,000.00 107,122,000.00 145,206,000.00 92,554,000.00 94,301,000.00 90,519,000.00 124,184,000.00 83,476,000.00 85,363,000.00 81,022,000.00 111,620,000.00 75,210,000.00 73,929,000.00 72,516,000.00 103,045,000.00 65,417,000.00 66,281,000.00 63,676,000.00 84,381,000.00
      Other Non-Current Liabilities 55,653,000.00 54,555,000.00 53,154,000.00 6,292,000.00 51,831,000.00 51,450,000.00 50,104,000.00 10,876,000.00 46,882,000.00 47,878,000.00 47,722,000.00 10,980,000.00 46,075,000.00 45,898,000.00 46,669,000.00 13,476,000.00 45,374,000.00 44,765,000.00 43,833,000.00 16,462,000.00
Equity 543,089,000.00 527,158,000.00 517,092,000.00 534,722,000.00 309,686,000.00 309,080,000.00 306,622,000.00 322,974,000.00 288,605,000.00 283,052,000.00 279,360,000.00 283,980,000.00 259,272,000.00 250,114,000.00 240,133,000.00 261,393,000.00 237,906,000.00 231,976,000.00 228,921,000.00 228,823,000.00
   Shareholders Equity 54,181,000.00 50,797,000.00 49,812,000.00 50,101,000.00 50,051,000.00 49,140,000.00 48,641,000.00 47,468,000.00 47,095,000.00 44,793,000.00 42,896,000.00 39,229,000.00 38,629,000.00 36,439,000.00 35,887,000.00 104,390,000.00 36,649,000.00 36,932,000.00 37,378,000.00 83,993,000.00
      Capital Stock 1,394,000.00 1,394,000.00 1,394,000.00 1,394,000.00 1,394,000.00 1,394,000.00 1,394,000.00 1,394,000.00 1,394,000.00 1,393,000.00 1,393,000.00 1,393,000.00 1,393,000.00 1,393,000.00 1,393,000.00 1,393,000.00 1,393,000.00 1,393,000.00 1,393,000.00 1,393,000.00
      Share Premium 46,351,000.00 44,237,000.00 44,160,000.00 44,128,000.00 44,227,000.00 44,150,000.00 44,210,000.00 40,835,000.00 40,787,000.00 38,733,000.00 38,685,000.00 36,281,000.00 36,330,000.00 32,745,000.00 31,198,000.00 31,207,000.00 31,195,000.00 30,496,000.00 30,454,000.00 23,975,000.00
      Retained Earnings 53,536,000.00 50,803,000.00 48,664,000.00 47,781,000.00 46,792,000.00 44,705,000.00 46,610,000.00 44,227,000.00 43,810,000.00 43,854,000.00 42,918,000.00 40,693,000.00 39,252,000.00 37,318,000.00 35,785,000.00 38,196,000.00 37,234,000.00 36,616,000.00 36,669,000.00 34,977,000.00
      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 -72,000.00 -70,000.00 -114,000.00 -252,000.00 -131,000.00 -171,000.00 -167,000.00 -306,000.00 -227,000.00 -200,000.00 -200,000.00 -436,000.00 -114,000.00 -59,000.00 -20,000.00 0 -188,000.00 -85,000.00 0 -184,000.00
   Minority Interest 10,415,000.00 10,086,000.00 10,493,000.00 10,359,000.00 9,487,000.00 10,296,000.00 10,295,000.00 10,300,000.00 9,155,000.00 8,771,000.00 9,227,000.00 9,097,000.00 8,117,000.00 8,115,000.00 8,162,000.00 8,222,000.00 7,998,000.00 8,182,000.00 8,352,000.00 8,416,000.00
Investments 18,831,000.00 18,795,000.00 18,292,000.00 28,770,000.00 12,457,000.00 10,700,000.00 10,533,000.00 20,188,000.00 15,392,000.00 12,239,000.00 12,359,000.00 23,346,000.00 11,242,000.00 10,847,000.00 10,190,000.00 22,017,000.00 10,013,000.00 10,063,000.00 10,316,000.00 20,627,000.00
Debt 121,744,000.00 122,570,000.00 119,301,000.00 164,670,000.00 111,218,000.00 111,784,000.00 105,872,000.00 145,586,000.00 101,692,000.00 98,836,000.00 95,446,000.00 129,933,000.00 87,171,000.00 86,278,000.00 83,629,000.00 110,337,000.00 74,128,000.00 72,956,000.00 71,479,000.00 96,219,000.00
Net Debt 119,278,000.00 120,711,000.00 116,370,000.00 163,151,000.00 108,817,000.00 110,175,000.00 104,208,000.00 142,839,000.00 100,019,000.00 97,175,000.00 93,072,000.00 128,307,000.00 83,445,000.00 83,350,000.00 82,100,000.00 109,643,000.00 73,365,000.00 72,030,000.00 69,973,000.00 95,094,000.00
Common Shares Outstanding 2,083,000.00 2,059,292.59 2,059,000.00 2,057,000.00 2,056,404.54 2,055,353.60 2,055,000.00 2,052,000.00 2,052,000.00 2,024,000.00 2,023,421.95 1,987,000.00 1,987,163.65 1,965,000.00 1,964,499.71 1,963,000.00 1,962,137.09 1,962,000.00 1,961,445.06 1,960,000.00
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 19,700,000.00 12,300,000.00 6,000,000.00 -11,500,000.00 18,200,000.00 11,400,000.00 5,400,000.00 -12,100,000.00 19,200,000.00 12,000,000.00 5,700,000.00 -10,400,000.00 17,400,000.00 11,000,000.00 5,000,000.00 -8,000,000.00 14,100,000.00 8,700,000.00 4,000,000.00
Operating Expenses 23,091,000.00 14,023,000.00 6,225,000.00 -36,992,000.00 34,215,000.00 21,221,000.00 9,710,000.00 -19,937,000.00 36,607,000.00 22,152,000.00 9,917,000.00 -19,370,000.00 34,965,000.00 21,342,000.00 9,845,000.00 -15,138,000.00 28,033,000.00 17,157,000.00 7,998,000.00
   Selling, General and Administrative Expenses 5,292,000.00 3,445,000.00 1,663,000.00 209,000.00 3,176,000.00 2,063,000.00 1,009,000.00 -1,998,000.00 3,225,000.00 2,037,000.00 960,000.00 -1,812,000.00 2,912,000.00 1,837,000.00 888,000.00 -1,639,000.00 2,543,000.00 1,643,000.00 787,000.00
   Other Operating Expenses 17,799,000.00 10,578,000.00 4,562,000.00 -37,201,000.00 31,039,000.00 19,158,000.00 8,701,000.00 -17,939,000.00 33,382,000.00 20,115,000.00 8,957,000.00 -17,558,000.00 32,053,000.00 19,505,000.00 8,957,000.00 -13,499,000.00 25,490,000.00 15,514,000.00 7,211,000.00
Operating Income 12,007,000.00 7,683,000.00 4,055,000.00 -8,648,000.00 11,782,000.00 7,097,000.00 3,689,000.00 -8,780,000.00 12,479,000.00 8,938,000.00 4,488,000.00 1,325,000.00 6,187,000.00 2,818,000.00 468,000.00 -2,564,000.00 5,168,000.00 3,523,000.00 1,861,000.00
Net Non-Operating Income -4,310,000.00 -3,386,000.00 -2,581,000.00 743,000.00 -2,278,000.00 -761,000.00 -74,000.00 -190,000.00 -2,043,000.00 -944,000.00 -985,000.00 -1,531,000.00 -261,000.00 -110,000.00 -416,000.00 -1,940,000.00 43,000.00 255,000.00 873,000.00
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
EBT 7,697,000.00 4,297,000.00 1,474,000.00 -7,905,000.00 9,504,000.00 6,336,000.00 3,615,000.00 -8,970,000.00 10,436,000.00 7,994,000.00 3,503,000.00 -206,000.00 5,926,000.00 2,708,000.00 52,000.00 -4,504,000.00 5,211,000.00 3,778,000.00 2,734,000.00
Income Tax 1,238,000.00 887,000.00 606,000.00 -562,000.00 981,000.00 699,000.00 506,000.00 -598,000.00 1,663,000.00 1,422,000.00 648,000.00 557,000.00 1,008,000.00 424,000.00 130,000.00 -991,000.00 751,000.00 548,000.00 459,000.00
Equity Method Investments Income -807,000.00 -1,407,000.00 -1,938,000.00 -1,923,000.00 599,000.00 362,000.00 203,000.00 -909,000.00 -721,000.00 233,000.00 101,000.00 492,000.00 180,000.00 -16,000.00 -453,000.00 -595,000.00 465,000.00 356,000.00 440,000.00
Net Income Including Non-Controlling Interests 21,882,000.00 12,248,000.00 4,390,000.00 -23,524,000.00 22,772,000.00 15,147,000.00 8,472,000.00 -40,878,000.00 23,627,000.00 17,999,000.00 7,779,000.00 -13,284,000.00 12,454,000.00 5,491,000.00 -92,000.00 -14,402,000.00 13,874,000.00 2,274,000.00 1,834,000.00
Net Income Non-Controlling Interests -15,398,000.00 -8,502,000.00 -2,902,000.00 18,569,000.00 -17,029,000.00 -11,257,000.00 -6,204,000.00 35,121,000.00 -17,527,000.00 -13,118,000.00 -5,693,000.00 11,753,000.00 -9,515,000.00 -3,627,000.00 967,000.00 12,018,000.00 -11,505,000.00 -352,000.00 -168,000.00
Net Income 6,484,000.00 3,746,000.00 1,488,000.00 -4,955,000.00 5,743,000.00 3,890,000.00 2,268,000.00 -5,757,000.00 6,100,000.00 4,881,000.00 2,086,000.00 -1,531,000.00 2,939,000.00 1,864,000.00 875,000.00 -2,384,000.00 2,369,000.00 1,922,000.00 1,666,000.00
EBIT 7,697,000.00 4,297,000.00 1,474,000.00 -7,905,000.00 9,504,000.00 6,336,000.00 3,615,000.00 -8,970,000.00 10,436,000.00 7,994,000.00 3,503,000.00 -206,000.00 5,926,000.00 2,708,000.00 52,000.00 -4,504,000.00 5,211,000.00 3,778,000.00 2,734,000.00
Deprecation and Amortization 7,837,000.00 4,356,000.00 1,503,000.00 -2,136,000.00 5,920,000.00 3,304,000.00 1,201,000.00 -2,138,000.00 7,015,000.00 3,634,000.00 1,157,000.00 -2,708,000.00 5,338,000.00 3,220,000.00 1,348,000.00 -2,222,000.00 4,684,000.00 2,640,000.00 1,088,000.00
EBITDA 15,534,000.00 8,653,000.00 2,977,000.00 -10,041,000.00 15,424,000.00 9,640,000.00 4,816,000.00 -11,108,000.00 17,451,000.00 11,628,000.00 4,660,000.00 -2,914,000.00 11,264,000.00 5,928,000.00 1,400,000.00 -6,726,000.00 9,895,000.00 6,418,000.00 3,822,000.00
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 2,064,600.00 2,056,700.00 2,055,500.00 2,054,100.00 2,053,500.00 2,052,500.00 2,051,500.00 2,051,200.00 2,031,300.00 2,022,000.00 1,999,900.00 1,988,000.00 1,972,500.00 1,965,200.00 1,964,700.00 1,963,300.00 1,962,700.00 1,962,400.00 1,961,600.00
Average Shares Outstanding Diluted 2,070,600.00 2,061,300.00 2,060,700.00 2,062,000.00 2,061,400.00 2,058,200.00 2,055,200.00 2,054,700.00 2,036,200.00 2,027,200.00 2,005,100.00 1,988,700.00 1,978,900.00 1,973,200.00 1,973,600.00 1,972,300.00 1,972,900.00 1,970,600.00 1,973,000.00
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 16,821,000.00 9,799,000.00 4,678,000.00 -13,694,000.00 18,620,000.00 11,498,000.00 5,342,000.00 -8,082,000.00 15,378,000.00 8,949,000.00 3,352,000.00 -10,149,000.00 11,817,000.00 7,995,000.00 3,493,000.00 -6,813,000.00 10,936,000.00 6,222,000.00 2,566,000.00
   Operating Net Income 21,882,000.00 12,248,000.00 4,390,000.00 -23,524,000.00 22,772,000.00 15,147,000.00 8,472,000.00 -14,166,000.00 23,627,000.00 17,999,000.00 7,779,000.00 3,426,000.00 12,454,000.00 5,491,000.00 -92,000.00 -15,474,000.00 13,874,000.00 10,042,000.00 7,564,000.00
   Deprecation and Amortization 7,837,000.00 4,356,000.00 1,503,000.00 -2,136,000.00 5,920,000.00 3,304,000.00 1,201,000.00 -2,138,000.00 7,015,000.00 3,634,000.00 1,157,000.00 -2,708,000.00 5,338,000.00 3,220,000.00 1,348,000.00 -2,222,000.00 4,684,000.00 2,640,000.00 1,088,000.00
   Deferred Income Tax -359,000.00 -371,000.00 -265,000.00 -275,000.00 784,000.00 828,000.00 573,000.00 -1,117,000.00 383,000.00 712,000.00 569,000.00 11,000.00 979,000.00 309,000.00 177,000.00 -391,000.00 628,000.00 479,000.00 472,000.00
   Share Based Compensation 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Change in Working Capital 4,780,000.00 3,238,000.00 435,000.00 -934,000.00 2,712,000.00 1,877,000.00 -586,000.00 1,317,000.00 2,247,000.00 -205,000.00 -2,797,000.00 -3,604,000.00 5,242,000.00 4,038,000.00 69,000.00 -2,853,000.00 3,696,000.00 1,546,000.00 763,000.00
   Other Operating Activities -17,319,000.00 -9,672,000.00 -1,385,000.00 13,175,000.00 -13,568,000.00 -9,658,000.00 -4,318,000.00 8,022,000.00 -17,894,000.00 -13,191,000.00 -3,356,000.00 -7,274,000.00 -12,196,000.00 -5,063,000.00 1,991,000.00 14,127,000.00 -11,946,000.00 -8,485,000.00 -7,321,000.00
Investing Cash Flow -25,616,000.00 -17,983,000.00 -10,077,000.00 24,636,000.00 -24,920,000.00 -18,650,000.00 -11,714,000.00 22,075,000.00 -26,422,000.00 -17,491,000.00 -10,144,000.00 12,670,000.00 -20,039,000.00 -13,439,000.00 -6,909,000.00 13,383,000.00 -17,042,000.00 -11,578,000.00 -5,995,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 0 0 0 0 0 0 0 924,000.00 0 0 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Investments Net -72,000.00 -57,000.00 -95,000.00 -186,000.00 32,000.00 110,000.00 57,000.00 208,000.00 30,000.00 -153,000.00 40,000.00 563,000.00 2,000.00 -338,000.00 -313,000.00 463,000.00 -33,000.00 -246,000.00 -239,000.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities -25,544,000.00 -17,926,000.00 -9,982,000.00 24,822,000.00 -24,952,000.00 -18,760,000.00 -11,771,000.00 20,943,000.00 -26,452,000.00 -17,338,000.00 -10,184,000.00 12,107,000.00 -20,041,000.00 -13,101,000.00 -6,596,000.00 12,920,000.00 -17,009,000.00 -11,332,000.00 -5,756,000.00
Financing Cash Flow 10,094,000.00 8,795,000.00 6,966,000.00 -9,747,000.00 5,622,000.00 5,933,000.00 5,131,000.00 -13,598,000.00 10,458,000.00 7,901,000.00 7,621,000.00 -8,827,000.00 12,021,000.00 8,622,000.00 4,827,000.00 -6,726,000.00 5,542,000.00 5,200,000.00 4,022,000.00
   Net Issuance/Repayment of Debt 31,096,000.00 25,778,000.00 15,765,000.00 -29,176,000.00 35,923,000.00 28,269,000.00 14,311,000.00 -25,602,000.00 27,387,000.00 23,439,000.00 12,091,000.00 -15,518,000.00 17,547,000.00 14,698,000.00 8,571,000.00 -710,000.00 18,017,000.00 7,823,000.00 4,958,000.00
   Net Issuance/Repurchase of Equity 2,028,000.00 22,000.00 11,000.00 83,000.00 -7,000.00 -34,000.00 6,000.00 -4,996,000.00 4,505,000.00 2,503,000.00 2,502,000.00 0.00 1,458,000.00 1,000.00 1,000.00 -2,000.00 7,000.00 5,000.00 4,000.00
   Dividends Paid 3,499,000.00 2,332,000.00 1,166,000.00 5,286,000.00 3,176,000.00 2,115,000.00 1,058,000.00 -1,847,000.00 2,823,000.00 1,876,000.00 930,000.00 -7,662,000.00 4,507,000.00 3,671,000.00 2,836,000.00 -1,944,000.00 2,702,000.00 1,511,000.00 755,000.00
   Other Financing Activities -26,529,000.00 -19,337,000.00 -9,976,000.00 14,060,000.00 -33,470,000.00 -24,417,000.00 -10,244,000.00 18,847,000.00 -24,257,000.00 -19,917,000.00 -7,902,000.00 14,353,000.00 -11,491,000.00 -9,748,000.00 -6,581,000.00 -4,070,000.00 -15,184,000.00 -4,139,000.00 -1,695,000.00
Net Change in Cash 1,302,000.00 618,000.00 1,567,000.00 1,184,000.00 -678,000.00 -1,221,000.00 -1,242,000.00 401,000.00 -598,000.00 -641,000.00 831,000.00 -6,305,000.00 3,794,000.00 3,175,000.00 1,411,000.00 -164,000.00 -563,000.00 -152,000.00 597,000.00
   Cash at Beginning of Period 1,412,000.00 1,364,000.00 983,000.00 218,000.00 3,252,000.00 3,323,000.00 3,455,000.00 3,019,000.00 3,376,000.00 3,395,000.00 3,358,000.00 9,746,000.00 173,000.00 1,318,000.00 1,327,000.00 1,480,000.00 1,567,000.00 1,585,000.00 1,568,000.00
   Cash at End of Period 2,714,000.00 1,982,000.00 2,550,000.00 1,402,000.00 2,574,000.00 2,102,000.00 2,213,000.00 3,420,000.00 2,778,000.00 2,754,000.00 4,189,000.00 3,441,000.00 3,967,000.00 4,493,000.00 2,738,000.00 1,316,000.00 1,004,000.00 1,433,000.00 2,165,000.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0