Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -2.95 -2.96 -1.81 -5.19 -2.45
Price to Sales 0.34 0.38 0.13 0.38 0.65
Book Value Per Common Share -0.74
Price to Book -5.53
Price to Operating Cash Flow 14.37 6.37 8.69 11.58 17.83
Price to Free Cash Flow
Enterprise Value to EBITDA 77859.58 160644.33 21382.18 48349.94
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 -2.86 -4.38 -9.83 -6.61 -6.52 -13.94 -2.21 -3.57 -3.69 -3.49 -6.66 -22.15 -7.00 -11.85 -15.37
Price to Sales 0.32 0.48 1.05 0.53 0.59 1.87 0.23 0.43 0.38 0.20 0.45 1.00 0.63 1.28 2.38
Book Value Per Common Share 0.99 1.18 1.33 2.13 2.17 2.35 3.04 3.28 3.99 4.44 4.70 5.08 -0.74 5.22 5.40 5.45
Price to Book 2.09 1.77 1.70 1.83 1.38 2.02 0.61 0.73 0.27 0.39 0.54 0.57 -5.53 1.00 1.36 1.30
Price to Operating Cash Flow 14.28 -25.61 -33.14 43.09 -254.24 318.12 3.61 12.67 214.00 -28.60 -44.39 -24.59 40.48 54.28 38.26
Price to Free Cash Flow
Enterprise Value to EBITDA 57120.56 94137.50 185582.35 69463.08 95082.06 742389.92 50451.03 148004.97 75806.19 26743.51 61760.87 114419.54 85862.55 211626.53 466258.79

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY
Revenue YoY -5.11 -1.90 4.43 11.71
EBITDA YoY 78.09 -61.75 -15.66
Net Profit YoY
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
Revenue YoY 48.63 102.11 46.52 101.48 49.32 98.52 50.23 97.89 46.90 97.12
EBITDA YoY 61.37 82.32 77.65 399.30 129.73 22.86 56.10 62.73 76.06 128.97
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 0.37 0.47 0.29 0.65 1.14
Quick Ratio 0.50 0.58 0.60 0.71 1.29
Current Ratio 1.57 1.67 1.75 1.85 2.08
Debt to Equity 1.72 1.52 1.18 0.34 0.26
Long-Term Debt to Equity 0.76 0.78 0.60 0.18 0.16
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 0.25 0.19 0.24 0.36 0.26 0.28 0.43 0.46 0.47 0.31 0.23 0.29 0.28 0.34 0.46 0.67 0.56 0.72 1.01 1.13
Quick Ratio 0.83 0.89 0.88 0.50 0.87 0.91 0.98 0.58 1.07 1.03 0.99 0.60 1.22 1.16 1.20 0.71 1.28 1.23 1.36 1.29
Current Ratio 1.87 1.93 1.92 1.57 1.96 2.04 2.04 1.67 2.18 2.17 2.20 1.75 2.60 2.45 2.37 1.85 2.44 2.33 2.27 2.08
Debt to Equity 1.87 1.84 1.79 1.72 1.47 1.57 1.60 1.52 1.39 1.39 1.26 1.18 1.17 1.16 1.13 0.34 1.15 1.18 1.21 0.26
Long-Term Debt to Equity 1.29 1.29 1.24 0.76 1.01 1.10 1.12 0.78 0.98 0.99 0.88 0.60 0.87 0.84 0.80 0.18 0.85 0.85 0.86 0.16

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -8.38 -9.82 -6.77 -3.01 -19.44
ROE -22.78 -24.73 -14.74 -4.03 -24.54
Gross Margin 14.96 14.33 15.57 18.34 19.63
Operating Margin -5.24 -7.02 -3.30 -2.03 -17.63
EBITDA Margin 4.52 2.41 6.17 7.64 -6.95
Net Profit Margin -8.24 -10.25 -7.42 -7.52 -58.05
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 -4.76 -3.21 -1.45 -3.58 -2.96 -2.44 -5.69 -4.56 -1.86 -2.53 -2.07 -0.55 -2.30 -1.68 -0.79
ROE -13.68 -9.12 -4.05 -8.83 -7.61 -6.34 -13.58 -10.89 -4.20 -5.49 -4.47 -1.18 -4.95 -3.66 -1.74
Gross Margin 15.67 15.10 13.29 16.30 17.14 16.59 14.89 14.34 14.69 16.87 17.74 18.34 18.81 20.19 21.38
Operating Margin -2.72 -3.03 -2.48 -1.99 -3.49 -7.74 -4.56 -6.13 -4.20 -1.55 -1.89 -0.30 -2.33 -3.32 -3.97
EBITDA Margin 5.70 5.25 5.82 7.84 6.47 2.61 4.63 3.01 4.86 7.37 7.09 8.63 7.17 5.98 5.15
Net Profit Margin -6.76 -6.92 -6.33 -4.83 -6.04 -10.34 -7.86 -9.73 -8.01 -3.70 -4.68 -2.58 -3.73 -4.12 -3.87

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 456,893.00 510,885.00 546,127.00 1,192,202.00 1,276,924.00
   Current Assets 251,971.00 251,062.00 254,841.00 261,747.00 215,218.00
      Cash and Short-Term Investments 18,128.00 21,903.00 12,808.00 28,656.00 48,138.00
            Cash and Cash Equivalents 18,128.00 21,903.00 12,808.00 28,656.00 48,138.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 61,549.00 65,545.00 74,129.00 71,419.00 84,615.00
      Inventory 61,877.00 71,563.00 80,682.00 75,027.00 62,517.00
      Other Current Assets 110,417.00 92,051.00 87,222.00 86,645.00 19,948.00
   Non-Current Assets 204,922.00 259,823.00 291,286.00 930,455.00 1,061,706.00
      Property, Plant, Equipment Net 201,351.00 229,169.00 535,264.00 550,316.00 591,257.00
      Goodwill 0 0 0 0 0
      Intangible Assets 133,230.00 176,172.00 218,673.00 266,154.00 309,195.00
      Long-Term Investments 34,971.00 32,701.00 31,802.00 34,045.00 26,983.00
      Non-Current Deferred Assets 1,329.00 734.00 102.00 314.00 0
      Other Non-Current Assets -165,959.00 -178,953.00 -494,555.00 79,626.00 134,271.00
Liabilities 288,874.00 308,084.00 295,162.00 301,109.00 265,724.00
   Current Liabilities 160,771.00 150,284.00 145,766.00 141,223.00 103,231.00
      Payables and Expenses 59,453.00 61,468.00 58,468.00 56,521.00 62,288.00
            Account Payables 38,879.00 45,480.00 45,871.00 36,710.00 37,435.00
            Current Accrued Liabilities 20,574.00 15,988.00 12,597.00 19,811.00 24,853.00
      Short-Term Debt 11,077.00 9,645.00 8,615.00 8,778.00 14,182.00
      Other Current Liabilities 90,241.00 79,171.00 78,683.00 75,924.00 26,761.00
   Non-Current Liabilities 128,103.00 157,800.00 149,396.00 159,886.00 162,493.00
      Long-Term Debt 185,882.00 196,650.00 200,800.00 202,347.00 134,078.00
      Other Non-Current Liabilities -57,779.00 -38,850.00 -51,404.00 -42,461.00 28,415.00
Equity 168,019.00 202,801.00 250,965.00 891,093.00 1,011,200.00
   Shareholders Equity 0 0 0 -31,902.00 0
      Capital Stock 499.00 473.00 439.00 430.00 427.00
      Share Premium 455,811.00 457,632.00 468,143.00 474,757.00 493,332.00
      Retained Earnings -333,621.00 -295,348.00 -245,198.00 -219,100.00 -205,875.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -96,334.00 -75,510.00 -74,240.00 -31,902.00 -33,732.00
   Minority Interest 0 0 0 0 0
Investments 34,971.00 32,701.00 31,802.00 34,045.00 26,983.00
Debt 196,959.00 206,295.00 209,415.00 211,125.00 148,260.00
Net Debt 178,831.00 184,392.00 196,607.00 182,469.00 100,122.00
Common Shares Outstanding 49,908.00 47,269.00 43,856.00 43,027.00 42,686.00
Preferred Shares Outstanding 0 0 0 0 100.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 464,290.00 489,270.00 498,738.00 477,584.00 427,534.00
Cost Of Revenue 394,812.00 419,175.00 421,105.00 389,995.00 343,594.00
Gross Profit 69,478.00 70,095.00 77,633.00 87,589.00 83,940.00
Operating Expenses 101,784.00 99,528.00 104,706.00 90,168.00 318,854.00
   Selling, General and Administrative Expenses 49,481.00 47,436.00 49,635.00 51,489.00 58,055.00
   Other Operating Expenses 52,303.00 52,092.00 55,071.00 38,679.00 260,799.00
Operating Income -32,306.00 -29,433.00 -27,073.00 -2,579.00 -234,914.00
Net Non-Operating Income -13,128.00 -24,238.00 -3,996.00 -19,863.00 82,826.00
Interest Expense 21,095.00 19,322.00 14,613.00 12,737.00 76,697.00
EBT -45,434.00 -53,671.00 -31,069.00 -22,442.00 -152,088.00
Income Tax 2,410.00 2,285.00 1,621.00 1,756.00 8,972.00
Equity Method Investments Income 9,571.00 5,806.00 6,592.00 18,783.00 10,878.00
Net Income Including Non-Controlling Interests 0 0 -38,743.00 -13,673.00 -100,592.00
Net Income Non-Controlling Interests 0 0 1,751.00 -22,230.00 -147,599.00
Net Income -38,273.00 -50,150.00 -36,992.00 -35,903.00 -248,191.00
EBIT -24,339.00 -34,349.00 -16,456.00 -9,705.00 -75,391.00
Deprecation and Amortization 45,302.00 46,120.00 47,231.00 46,195.00 45,680.00
EBITDA 20,963.00 11,771.00 30,775.00 36,490.00 -29,711.00
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 48,653.00 46,738.00 44,680.00 44,011.00 42,199.00
Average Shares Outstanding Diluted 48,653.00 46,738.00 44,680.00 44,011.00 42,199.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 11,070.00 29,344.00 7,717.00 15,586.00 15,549.00
   Operating Net Income -18,740.00 -38,302.00 -38,743.00 -13,673.00 -100,592.00
   Deprecation and Amortization 45,302.00 46,120.00 47,231.00 46,195.00 45,680.00
   Deferred Income Tax -690.00 -1,273.00 -1,814.00 -4,845.00 -21,697.00
   Share Based Compensation 3,140.00 2,821.00 4,377.00 0 0
   Change in Working Capital 2,680.00 -19,802.00 14,663.00 -7,673.00 -14,382.00
   Other Operating Activities -20,622.00 39,780.00 -17,997.00 -4,418.00 106,540.00
Investing Cash Flow -1,008.00 -17,598.00 -17,492.00 -36,103.00 719,284.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 18,620.00 23,394.00 36,364.00 19,639.00 27,090.00
   Net Purchase/Sale of Investments Net 0 0 0 0 -695.00
   Net Purchase/Sale of Business 17,000.00 0 0 -3,880.00 743,178.00
   Other Investing Activities -36,628.00 -40,992.00 -53,856.00 -51,862.00 -50,289.00
Financing Cash Flow -13,245.00 -2,883.00 -5,186.00 2,557.00 -714,854.00
   Net Issuance/Repayment of Debt 159,431.00 130,043.00 93,958.00 263,166.00 841,602.00
   Net Issuance/Repurchase of Equity 0 0 0 123,593.00 0
   Dividends Paid 0 0 0 0 0
   Other Financing Activities -172,676.00 -132,926.00 -99,144.00 -384,202.00 -1,556,456.00
Net Change in Cash -3,775.00 9,095.00 -15,848.00 -19,482.00 16,435.00
   Cash at Beginning of Period 21,903.00 12,808.00 28,656.00 48,138.00 31,703.00
   Cash at End of Period 18,128.00 21,903.00 12,808.00 28,656.00 48,138.00
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 450,962.00 460,760.00 460,724.00 456,893.00 483,098.00 497,234.00 512,824.00 510,885.00 520,698.00 538,414.00 547,273.00 546,127.00 557,615.00 573,157.00 595,848.00 1,192,202.00 594,706.00 613,583.00 622,316.00 1,276,924.00
   Current Assets 169,939.00 171,979.00 172,974.00 251,971.00 173,904.00 185,342.00 193,538.00 251,062.00 193,257.00 197,417.00 200,505.00 254,841.00 204,091.00 206,731.00 217,307.00 261,747.00 207,501.00 214,686.00 222,496.00 215,218.00
      Cash and Short-Term Investments 12,215.00 9,542.00 11,739.00 18,128.00 12,449.00 13,746.00 20,610.00 21,903.00 21,790.00 14,337.00 10,545.00 12,808.00 12,551.00 15,186.00 20,627.00 28,656.00 24,611.00 31,543.00 43,033.00 48,138.00
            Cash and Cash Equivalents 12,215.00 9,542.00 11,739.00 18,128.00 12,449.00 13,746.00 20,610.00 21,903.00 21,790.00 14,337.00 10,545.00 12,808.00 12,551.00 15,186.00 20,627.00 28,656.00 24,611.00 31,543.00 43,033.00 48,138.00
            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 63,037.00 69,825.00 67,750.00 61,549.00 64,447.00 68,832.00 71,862.00 65,545.00 73,229.00 79,302.00 80,003.00 74,129.00 83,496.00 82,621.00 89,397.00 71,419.00 83,990.00 82,177.00 90,545.00 84,615.00
      Inventory 63,486.00 62,793.00 62,927.00 61,877.00 69,600.00 68,291.00 72,718.00 71,563.00 70,917.00 77,386.00 81,778.00 80,682.00 84,172.00 84,726.00 81,239.00 75,027.00 75,321.00 74,770.00 67,531.00 62,517.00
      Other Current Assets 31,201.00 29,819.00 30,558.00 110,417.00 27,408.00 34,473.00 28,348.00 92,051.00 27,321.00 26,392.00 28,179.00 87,222.00 23,872.00 24,198.00 26,044.00 86,645.00 23,579.00 26,196.00 21,387.00 19,948.00
   Non-Current Assets 281,023.00 288,781.00 287,750.00 204,922.00 309,194.00 311,892.00 319,286.00 259,823.00 327,441.00 340,997.00 346,768.00 291,286.00 353,524.00 366,426.00 378,541.00 930,455.00 387,205.00 398,897.00 399,820.00 1,061,706.00
      Property, Plant, Equipment Net 198,084.00 201,549.00 200,345.00 201,351.00 213,768.00 213,184.00 221,788.00 229,169.00 229,256.00 237,165.00 240,793.00 535,264.00 241,248.00 248,281.00 255,057.00 550,316.00 259,917.00 268,215.00 267,602.00 591,257.00
      Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 34,194.00 37,599.00 41,005.00 133,230.00 47,816.00 51,221.00 55,268.00 176,172.00 62,202.00 65,765.00 69,327.00 218,673.00 77,958.00 81,545.00 85,131.00 266,154.00 92,305.00 95,891.00 99,479.00 309,195.00
      Long-Term Investments 39,485.00 40,312.00 37,622.00 34,971.00 39,843.00 36,330.00 34,409.00 32,701.00 29,131.00 31,570.00 32,212.00 31,802.00 28,193.00 30,875.00 32,177.00 34,045.00 30,799.00 29,897.00 28,207.00 26,983.00
      Non-Current Deferred Assets 1,329.00 1,329.00 1,329.00 1,329.00 1,177.00 771.00 734.00 734.00 164.00 102.00 102.00 102.00 375.00 375.00 313.00 314.00 131.00 131.00 0 0
      Other Non-Current Assets 7,931.00 7,992.00 7,449.00 -165,959.00 6,590.00 10,386.00 7,087.00 -178,953.00 6,688.00 6,395.00 4,334.00 -494,555.00 5,750.00 5,350.00 5,863.00 79,626.00 4,053.00 4,763.00 4,532.00 134,271.00
Liabilities 294,043.00 298,702.00 295,476.00 288,874.00 287,235.00 303,486.00 315,214.00 308,084.00 302,677.00 313,022.00 305,057.00 295,162.00 301,063.00 307,832.00 316,475.00 301,109.00 318,494.00 332,159.00 340,703.00 265,724.00
   Current Liabilities 90,911.00 89,153.00 90,104.00 160,771.00 88,572.00 90,895.00 94,792.00 150,284.00 88,519.00 91,019.00 91,340.00 145,766.00 78,567.00 84,444.00 91,834.00 141,223.00 85,073.00 92,196.00 98,070.00 103,231.00
      Payables and Expenses 61,974.00 60,721.00 64,108.00 59,453.00 60,556.00 60,698.00 68,137.00 61,468.00 62,930.00 65,218.00 64,786.00 58,468.00 59,033.00 63,763.00 70,277.00 56,521.00 64,230.00 69,607.00 71,221.00 62,288.00
            Account Payables 46,728.00 45,793.00 45,876.00 38,879.00 44,983.00 45,470.00 50,786.00 45,480.00 49,347.00 51,416.00 49,975.00 45,871.00 45,107.00 47,859.00 48,906.00 36,710.00 44,033.00 46,834.00 43,232.00 37,435.00
            Current Accrued Liabilities 15,246.00 14,928.00 18,232.00 20,574.00 15,573.00 15,228.00 17,351.00 15,988.00 13,583.00 13,802.00 14,811.00 12,597.00 13,926.00 15,904.00 21,371.00 19,811.00 20,197.00 22,773.00 27,989.00 24,853.00
      Short-Term Debt 11,645.00 11,483.00 9,285.00 11,077.00 13,890.00 13,458.00 12,191.00 9,645.00 12,106.00 12,171.00 11,266.00 8,615.00 8,183.00 8,242.00 8,100.00 8,778.00 8,860.00 9,938.00 9,807.00 14,182.00
      Other Current Liabilities 17,292.00 16,949.00 16,711.00 90,241.00 14,126.00 16,739.00 14,464.00 79,171.00 13,483.00 13,630.00 15,288.00 78,683.00 11,351.00 12,439.00 13,457.00 75,924.00 11,983.00 12,651.00 17,042.00 26,761.00
   Non-Current Liabilities 203,132.00 209,549.00 205,372.00 128,103.00 198,663.00 212,591.00 220,422.00 157,800.00 214,158.00 222,003.00 213,717.00 149,396.00 222,496.00 223,388.00 224,641.00 159,886.00 233,421.00 239,963.00 242,633.00 162,493.00
      Long-Term Debt 187,756.00 193,757.00 188,611.00 185,882.00 179,549.00 195,772.00 197,334.00 196,650.00 193,733.00 197,785.00 196,938.00 200,800.00 205,453.00 202,216.00 201,997.00 202,347.00 203,740.00 204,329.00 206,331.00 134,078.00
      Other Non-Current Liabilities 15,376.00 15,792.00 16,761.00 -57,779.00 19,114.00 16,819.00 23,088.00 -38,850.00 20,425.00 24,218.00 16,779.00 -51,404.00 17,043.00 21,172.00 22,644.00 -42,461.00 29,681.00 35,634.00 36,302.00 28,415.00
Equity 156,919.00 162,058.00 165,248.00 168,019.00 195,863.00 193,748.00 197,610.00 202,801.00 218,021.00 225,392.00 242,216.00 250,965.00 256,552.00 265,325.00 279,373.00 891,093.00 276,212.00 281,424.00 281,613.00 1,011,200.00
   Shareholders Equity 49,569.00 59,540.00 67,344.00 0 106,574.00 108,436.00 116,141.00 0 143,726.00 154,444.00 174,464.00 0 194,766.00 206,322.00 223,028.00 -31,902.00 224,829.00 232,355.00 234,755.00 0
      Capital Stock 502.00 503.00 505.00 499.00 499.00 500.00 495.00 473.00 473.00 470.00 438.00 439.00 439.00 439.00 439.00 430.00 430.00 430.00 430.00 427.00
      Share Premium 443,936.00 448,033.00 452,187.00 455,811.00 459,245.00 462,410.00 464,081.00 457,632.00 460,382.00 462,525.00 465,377.00 468,143.00 470,543.00 473,019.00 473,072.00 474,757.00 476,540.00 477,923.00 479,341.00 493,332.00
      Retained Earnings -355,087.00 -348,408.00 -340,306.00 -333,621.00 -312,645.00 -310,088.00 -307,885.00 -295,348.00 -274,807.00 -269,750.00 -255,373.00 -245,198.00 -233,184.00 -230,969.00 -222,402.00 -219,100.00 -219,556.00 -216,179.00 -210,788.00 -205,875.00
      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 -39,782.00 -81,176.00 -90,084.00 -96,334.00 -81,050.00 -88,772.00 -81,100.00 -75,510.00 -84,644.00 -77,602.00 -71,956.00 -74,240.00 -43,032.00 -36,167.00 -28,081.00 -31,902.00 -32,585.00 -29,819.00 -34,228.00 -33,732.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 39,485.00 40,312.00 37,622.00 34,971.00 39,843.00 36,330.00 34,409.00 32,701.00 29,131.00 31,570.00 32,212.00 31,802.00 28,193.00 30,875.00 32,177.00 34,045.00 30,799.00 29,897.00 28,207.00 26,983.00
Debt 199,401.00 205,240.00 197,896.00 196,959.00 193,439.00 209,230.00 209,525.00 206,295.00 205,839.00 209,956.00 208,204.00 209,415.00 213,636.00 210,458.00 210,097.00 211,125.00 212,600.00 214,267.00 216,138.00 148,260.00
Net Debt 187,186.00 195,698.00 186,157.00 178,831.00 180,990.00 195,484.00 188,915.00 184,392.00 184,049.00 195,619.00 197,659.00 196,607.00 201,085.00 195,272.00 189,470.00 182,469.00 187,989.00 182,724.00 173,105.00 100,122.00
Common Shares Outstanding 50,196.00 50,287.00 50,526.00 49,908.00 49,950.00 50,032.00 49,520.00 47,269.00 47,311.00 47,019.00 43,772.00 43,856.00 43,882.00 43,884.00 43,890.00 43,027.00 43,034.00 43,034.00 43,049.00 42,686.00
Preferred Shares Outstanding 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 100.00
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 317,492.00 213,609.00 105,688.00 -258,875.00 357,777.00 244,190.00 121,198.00 -266,849.00 376,737.00 252,294.00 127,088.00 -263,484.00 380,726.00 253,429.00 128,067.00 -266,386.00 367,205.00 249,961.00 126,804.00
Cost Of Revenue 267,755.00 181,345.00 91,646.00 -208,091.00 299,474.00 202,343.00 101,086.00 -225,999.00 320,648.00 216,105.00 108,421.00 -208,440.00 316,500.00 208,467.00 104,578.00 -207,305.00 298,127.00 199,485.00 99,688.00
Gross Profit 49,737.00 32,264.00 14,042.00 -50,784.00 58,303.00 41,847.00 20,112.00 -40,850.00 56,089.00 36,189.00 18,667.00 -55,044.00 64,226.00 44,962.00 23,489.00 -59,081.00 69,078.00 50,476.00 27,116.00
Operating Expenses 66,739.00 44,770.00 23,620.00 -63,264.00 79,663.00 55,707.00 29,678.00 -75,533.00 83,811.00 58,433.00 32,817.00 -70,781.00 84,328.00 60,830.00 30,329.00 -67,188.00 79,522.00 51,696.00 26,138.00
   Selling, General and Administrative Expenses 34,325.00 23,265.00 11,170.00 -27,842.00 37,116.00 26,859.00 13,348.00 -25,702.00 35,833.00 24,140.00 13,165.00 -30,520.00 38,453.00 28,248.00 13,454.00 -31,587.00 40,341.00 28,160.00 14,575.00
   Other Operating Expenses 32,414.00 21,505.00 12,450.00 -35,422.00 42,547.00 28,848.00 16,330.00 -49,831.00 47,978.00 34,293.00 19,652.00 -40,261.00 45,875.00 32,582.00 16,875.00 -35,601.00 39,181.00 23,536.00 11,563.00
Operating Income -17,002.00 -12,506.00 -9,578.00 12,480.00 -21,360.00 -13,860.00 -9,566.00 34,683.00 -27,722.00 -22,244.00 -14,150.00 15,737.00 -20,102.00 -15,868.00 -6,840.00 8,107.00 -10,444.00 -1,220.00 978.00
Net Non-Operating Income -8,165.00 -4,817.00 1,764.00 -2,051.00 -1,340.00 -5,001.00 -4,736.00 -23,584.00 -3,593.00 -2,056.00 4,995.00 -14,640.00 3,597.00 4,070.00 2,977.00 8,169.00 -7,305.00 -12,685.00 -8,042.00
Interest Expense 16,517.00 10,851.00 5,194.00 -9,758.00 15,595.00 10,341.00 4,917.00 -7,444.00 14,118.00 8,828.00 3,820.00 -6,488.00 10,609.00 7,009.00 3,483.00 -4,088.00 9,204.00 5,597.00 2,024.00
EBT -25,167.00 -17,323.00 -7,814.00 10,429.00 -22,700.00 -18,861.00 -14,302.00 11,099.00 -31,315.00 -24,300.00 -9,155.00 1,097.00 -16,505.00 -11,798.00 -3,863.00 16,276.00 -17,749.00 -13,905.00 -7,064.00
Income Tax 2,898.00 2,084.00 1,310.00 419.00 1,194.00 291.00 506.00 -2,023.00 1,381.00 1,626.00 1,301.00 -4,006.00 1,514.00 2,582.00 1,531.00 -599.00 612.00 987.00 756.00
Equity Method Investments Income 6,599.00 4,620.00 2,439.00 -3,709.00 6,597.00 4,412.00 2,271.00 1,064.00 3,087.00 1,374.00 281.00 -1,946.00 3,935.00 2,511.00 2,092.00 11,318.00 3,456.00 2,614.00 1,395.00
Net Income Including Non-Controlling Interests -21,466.00 -14,787.00 0 0 0 0 0 0 -29,609.00 -24,552.00 0 -38,743.00 0 0 0 -13,673.00 0 0 0
Net Income Non-Controlling Interests 0.00 0.00 0 0 0 0 0 0 0.00 0.00 0 1,751.00 0 0 0 -22,230.00 0 0 0
Net Income -21,466.00 -14,787.00 -6,685.00 6,301.00 -17,297.00 -14,740.00 -12,537.00 14,186.00 -29,609.00 -24,552.00 -10,175.00 -7,737.00 -14,084.00 -11,869.00 -3,302.00 -7,005.00 -13,681.00 -10,304.00 -4,913.00
EBIT -8,650.00 -6,472.00 -2,620.00 671.00 -7,105.00 -8,520.00 -9,385.00 3,655.00 -17,197.00 -15,472.00 -5,335.00 -5,391.00 -5,896.00 -4,789.00 -380.00 12,188.00 -8,545.00 -8,308.00 -5,040.00
Deprecation and Amortization 26,756.00 17,692.00 8,774.00 -26,705.00 35,152.00 24,308.00 12,547.00 -23,105.00 34,643.00 23,066.00 11,516.00 -20,929.00 33,962.00 22,769.00 11,429.00 -23,488.00 34,860.00 23,255.00 11,568.00
EBITDA 18,106.00 11,220.00 6,154.00 -26,034.00 28,047.00 15,788.00 3,162.00 -19,450.00 17,446.00 7,594.00 6,181.00 -26,320.00 28,066.00 17,980.00 11,049.00 -11,300.00 26,315.00 14,947.00 6,528.00
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 49,373.00 49,255.00 49,075.00 50,085.00 48,522.00 48,281.00 47,724.00 49,397.00 46,410.00 45,836.00 45,309.00 44,807.00 44,670.00 44,649.00 44,594.00 45,949.00 43,862.00 43,561.00 42,672.00
Average Shares Outstanding Diluted 49,373.00 49,255.00 49,075.00 50,085.00 48,522.00 48,281.00 47,724.00 49,397.00 46,410.00 45,836.00 45,309.00 44,807.00 44,670.00 44,649.00 44,594.00 45,949.00 43,862.00 43,561.00 42,672.00
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 7,124.00 -4,041.00 -3,345.00 6,538.00 4,389.00 -569.00 712.00 -3,415.00 23,890.00 8,643.00 226.00 18,155.00 -2,671.00 -2,544.00 -5,223.00 -3,887.00 5,691.00 5,898.00 7,884.00
   Operating Net Income -21,466.00 -14,787.00 -6,685.00 25,834.00 -17,297.00 -14,740.00 -12,537.00 26,034.00 -29,609.00 -24,552.00 -10,175.00 -9,488.00 -14,084.00 -11,869.00 -3,302.00 15,225.00 -13,681.00 -10,304.00 -4,913.00
   Deprecation and Amortization 26,756.00 17,692.00 8,774.00 -26,705.00 35,152.00 24,308.00 12,547.00 -23,105.00 34,643.00 23,066.00 11,516.00 -20,929.00 33,962.00 22,769.00 11,429.00 -23,488.00 34,860.00 23,255.00 11,568.00
   Deferred Income Tax -481.00 -5.00 174.00 526.00 -477.00 -479.00 -260.00 -332.00 -1,531.00 110.00 480.00 -35.00 -1,831.00 94.00 -42.00 3,530.00 -3,720.00 -3,050.00 -1,605.00
   Share Based Compensation 2,377.00 1,640.00 839.00 -1,589.00 2,347.00 1,536.00 846.00 -469.00 2,058.00 851.00 381.00 -3,989.00 3,862.00 3,555.00 949.00 0 0 0 0
   Change in Working Capital 3,815.00 11,277.00 15,375.00 -42,629.00 12,201.00 17,776.00 15,332.00 -27,986.00 -7,839.00 6,264.00 9,759.00 -86,723.00 34,005.00 34,430.00 32,951.00 -50,075.00 9,985.00 9,992.00 22,425.00
   Other Operating Activities -3,877.00 -19,858.00 -21,822.00 51,101.00 -27,537.00 -28,970.00 -15,216.00 22,443.00 26,168.00 2,904.00 -11,735.00 139,319.00 -58,585.00 -51,523.00 -47,208.00 50,921.00 -21,753.00 -13,995.00 -19,591.00
Investing Cash Flow -9,221.00 -7,179.00 -3,730.00 11,255.00 1,914.00 -8,815.00 -5,362.00 9,199.00 -13,416.00 -9,419.00 -3,962.00 9,566.00 -13,551.00 -9,281.00 -4,226.00 47,694.00 -32,679.00 -30,241.00 -20,877.00
   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 12,895.00 8,081.00 4,084.00 -11,845.00 15,618.00 9,289.00 5,558.00 -16,779.00 19,168.00 14,973.00 6,032.00 7,470.00 14,471.00 10,125.00 4,298.00 -12,662.00 15,733.00 11,089.00 5,479.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0.00 17,000.00 0 0 0 0 0 0 0 0 0 0 11,680.00 -7,780.00 -7,780.00 0
   Other Investing Activities -22,116.00 -15,260.00 -7,814.00 23,100.00 -30,704.00 -18,104.00 -10,920.00 25,978.00 -32,584.00 -24,392.00 -9,994.00 2,096.00 -28,022.00 -19,406.00 -8,524.00 48,676.00 -40,632.00 -33,550.00 -26,356.00
Financing Cash Flow -5,277.00 1,563.00 583.00 -2,751.00 -15,633.00 1,569.00 3,570.00 -5,187.00 -1,205.00 2,258.00 1,251.00 -4,101.00 1,441.00 -1,010.00 -1,516.00 -18,520.00 4,519.00 6,930.00 9,628.00
   Net Issuance/Repayment of Debt 315,217.00 276,335.00 19,963.00 -67,759.00 113,320.00 71,061.00 42,809.00 -92,255.00 111,170.00 73,373.00 37,755.00 -22,411.00 60,158.00 39,482.00 16,729.00 -449,029.00 255,621.00 234,763.00 221,811.00
   Net Issuance/Repurchase of Equity 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -61,911.00 61,793.00 61,793.00 61,918.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -320,494.00 -274,772.00 -19,380.00 65,008.00 -128,953.00 -69,492.00 -39,239.00 87,068.00 -112,375.00 -71,115.00 -36,504.00 18,310.00 -58,717.00 -40,492.00 -18,245.00 492,420.00 -312,895.00 -289,626.00 -274,101.00
Net Change in Cash -5,913.00 -8,586.00 -6,389.00 15,129.00 -9,454.00 -8,157.00 -1,293.00 847.00 8,982.00 1,529.00 -2,263.00 21,756.00 -16,105.00 -13,470.00 -8,029.00 25,745.00 -23,527.00 -16,595.00 -5,105.00
   Cash at Beginning of Period 0 0 18,128.00 2,999.00 21,903.00 21,903.00 21,903.00 21,056.00 12,808.00 12,808.00 12,808.00 -8,948.00 28,656.00 28,656.00 28,656.00 2,911.00 48,138.00 48,138.00 48,138.00
   Cash at End of Period 0 0 11,739.00 18,128.00 12,449.00 13,746.00 20,610.00 21,903.00 21,790.00 14,337.00 10,545.00 12,808.00 12,551.00 15,186.00 20,627.00 28,656.00 24,611.00 31,543.00 43,033.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0