Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings
Price to Sales
Book Value Per Common Share -1.02 -0.93 -1.05 -1.79 -2.39
Price to Book
Price to Operating Cash Flow
Price to Free Cash Flow
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Price to Earnings
Price to Sales
Book Value Per Common Share -4.77 -1.33 -1.16 -1.54 -1.44 -1.56 -0.67 -0.83 -1.04 -0.69 -0.96 -1.28 -2.39 -2.84 -2.89 -2.39
Price to Book
Price to Operating Cash Flow
Price to Free Cash Flow
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY -72.09 -80.09 188.00
Revenue YoY -3.06 -4.26 -4.39 1.98
EBITDA YoY 44.51 -6.08 -16.92 -5.26
Net Profit YoY -79.75 -73.17 -79.98 120.78
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Earning YoY -34.78 283.33 -71.64 55.81 -42.16 75.86
Revenue YoY 49.03 99.76 49.60 99.55 29385.66 -49.83 101.32 -51.00 101.70 5623.22 -48.45 101.50
EBITDA YoY 90.63 90.33 118.11 -18.61 107.37 -21.20 92.66 -47.29 89.91
Net Profit YoY 408.61 169.10 -73.91 13.60 -35.83 302.73 -71.94 54.02 -43.71 72.94

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 1.09 1.33 1.35 0.85 0.96
Quick Ratio 0.12 0.21 0.24 0.15 0.16
Current Ratio 0.31 0.36 1.27 0.29 0.32
Debt to Equity -70.12 -74.19 -67.24 -38.66 -29.02
Long-Term Debt to Equity -65.10 -68.90 -63.27 -35.56 -26.42
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Cash Per Common Share 4.17 1.04 1.18 1.07 1.58 1.25 1.18 0.97 0.97 1.10 1.02 0.86 1.02 0.96 0.94 1.17
Quick Ratio 0.37 0.11 0.13 0.12 0.16 0.39 0.14 0.13 0.17 0.11 0.18 0.28 0.24 0.14 0.13 0.16
Current Ratio 0.75 0.32 0.35 0.40 0.46 0.81 0.26 0.24 0.32 0.63 1.16 0.56 0.46 0.26 0.26 0.32
Debt to Equity -14.67 -51.00 -60.82 -75.84 -81.24 -74.13 -99.90 -84.22 -66.95 -96.09 -69.21 -52.99 -30.27 -25.71 -24.88 -29.02
Long-Term Debt to Equity -13.77 -47.39 -56.66 -70.74 -75.75 -71.56 -90.30 -76.42 -62.32 -84.75 -64.55 -50.81 -28.67 -23.43 -22.59 -26.42

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 0.01 0.08 0.29 1.49 0.67
ROE -0.78 -6.10 -19.50 -56.15 -18.83
Gross Margin 35.17 34.25 66.77 66.48 66.24
Operating Margin 36.56 19.03 19.16 25.50 25.45
EBITDA Margin 54.90 36.83 37.54 43.21 46.51
Net Profit Margin 0.12 0.58 2.05 9.81 4.53
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
ROA 0.04 0.01 0.00 0.01 0.01 -0.03 0.10 0.16 0.04 0.13 0.46 0.30 0.40 0.71 0.41
ROE -0.61 -0.43 -0.19 -0.85 -0.80 2.43 -10.26 -13.50 -2.67 -12.14 -31.17 -15.42 -11.68 -17.47 -9.87
Gross Margin 38.38 37.92 37.62 35.14 34.70 33.76 67.45 33.44 66.36 67.32 66.27 65.78 67.23 65.93 65.63
Operating Margin -45.22 24.69 27.41 39.96 23.65 18.98 22.57 21.49 19.65 19.82 21.41 24.29 26.99 25.81 28.52
EBITDA Margin -5.36 64.25 67.33 75.80 59.58 54.51 95.12 58.64 56.93 93.93 58.41 61.15 44.39 43.41 46.06
Net Profit Margin 0.64 0.19 0.14 0.16 0.21 -0.94 2.88 2.26 1.13 3.55 6.20 8.12 10.36 9.49 11.06

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 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 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 95,114,192.00 63,847,225.00 67,329,925.00 66,427,511.00 66,752,836.00
   Current Assets 2,174,154.00 1,669,581.00 5,136,883.00 1,576,711.00 1,952,648.00
      Cash and Short-Term Investments 503,440.00 604,669.00 611,495.00 389,393.00 556,888.00
            Cash and Cash Equivalents 503,440.00 604,669.00 611,495.00 389,393.00 556,888.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 332,271.00 357,597.00 365,992.00 406,952.00 442,581.00
      Inventory 0 0 0 0 0
      Other Current Assets 1,338,443.00 707,315.00 4,159,396.00 780,366.00 953,179.00
   Non-Current Assets 92,940,038.00 62,177,644.00 62,193,042.00 64,850,800.00 64,800,188.00
      Property, Plant, Equipment Net 8,662,645.00 8,373,302.00 7,751,381.00 27,188,762.00 6,047,338.00
      Goodwill 8,041,217.00 16,252,487.00 8,208,773.00 8,205,863.00 16,451,171.00
      Intangible Assets 29,305,031.00 30,210,715.00 31,413,703.00 38,089,862.00 34,479,382.00
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 46,931,145.00 7,341,140.00 14,819,185.00 -8,633,687.00 7,822,297.00
Liabilities 96,490,264.00 64,719,568.00 68,346,389.00 68,191,186.00 69,135,417.00
   Current Liabilities 6,909,550.00 4,616,249.00 4,039,701.00 5,470,239.00 6,195,738.00
      Payables and Expenses 4,053,225.00 3,941,968.00 3,768,130.00 3,445,727.00 3,467,640.00
            Account Payables 2,755,414.00 2,422,914.00 2,932,314.00 2,535,958.00 2,095,272.00
            Current Accrued Liabilities 1,297,811.00 1,519,054.00 835,816.00 909,769.00 1,372,368.00
      Short-Term Debt 613,480.00 1,139,398.00 6,296,874.00 2,751,939.00 3,815,889.00
      Other Current Liabilities 2,242,845.00 -465,117.00 -6,025,303.00 -727,427.00 -1,087,791.00
   Non-Current Liabilities 89,580,714.00 60,103,319.00 64,306,688.00 62,720,947.00 62,939,679.00
      Long-Term Debt 99,998,292.00 74,675,956.00 74,058,442.00 77,362,793.00 76,944,735.00
      Other Non-Current Liabilities -10,417,578.00 -14,572,637.00 -9,751,754.00 -14,641,846.00 -14,005,056.00
Equity -1,376,072.00 -872,343.00 -1,016,464.00 -1,763,675.00 -2,382,581.00
   Shareholders Equity -469,235.00 -422,180.00 -475,211.00 -819,788.00 -1,141,030.00
      Capital Stock 4,641.00 4,560.00 4,562.00 4,546.00 4,831.00
      Share Premium 233,953.00 187,186.00 182,701.00 18,005.00 0
      Retained Earnings -703,993.00 -601,075.00 -654,273.00 -848,836.00 -985,641.00
      Treasury Shares 10.00 0 0 0 163,866.00
      Accumulated Other Comprehensive Income -11,478.00 -38,553.00 -24,603.00 19,491.00 10,938.00
   Minority Interest 49,612.00 -36,714.00 -86,103.00 -153,342.00 -186,327.00
Investments 24,232.00 0 1,502,145.00 27,931.00 25,198.00
Debt 100,611,772.00 75,815,354.00 80,355,316.00 80,114,732.00 80,760,624.00
Net Debt 100,108,332.00 75,210,685.00 79,743,821.00 79,725,339.00 80,203,736.00
Common Shares Outstanding 0 0 0 0 476,469.58
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 8,954,417.00 9,237,064.00 9,647,659.00 10,090,849.00 9,894,642.00
Cost Of Revenue 5,804,785.00 6,073,478.00 3,205,638.00 3,382,129.00 3,340,442.00
Gross Profit 3,149,632.00 3,163,586.00 6,442,021.00 6,708,720.00 6,554,200.00
Operating Expenses -1,887,016.00 1,461,646.00 4,639,427.00 4,184,093.00 4,438,911.00
   Selling, General and Administrative Expenses 263,529.00 253,777.00 299,590.00 274,639.00 213,474.00
   Research and Development Expenses 0 33,427.00 22,292.00 0 0
   Other Operating Expenses -2,150,545.00 1,174,442.00 4,317,545.00 3,909,454.00 4,225,437.00
Operating Income 5,036,648.00 1,701,940.00 1,802,594.00 2,524,627.00 2,115,289.00
Net Non-Operating Income -5,290,380.00 -1,583,375.00 -1,285,865.00 -1,218,720.00 -949,381.00
Interest Income 0 0 0 1,266,911.00 1,354,729.00
Interest Expense 3,527,862.00 1,639,120.00 1,331,636.00 1,266,751.00 1,352,535.00
Net Interest -3,527,862.00 -1,639,120.00 -1,331,636.00 160.00 2,194.00
EBT -253,732.00 118,565.00 516,729.00 1,305,907.00 1,165,908.00
Income Tax 19,346.00 82,105.00 587,992.00 592,085.00 266,591.00
Net Income Including Non-Controlling Interests -112,431.00 -50,158.00 92,947.00 907,827.00 419,358.00
Net Income Non-Controlling Interests 123,205.00 103,356.00 105,304.00 82,484.00 29,184.00
Net Income 10,774.00 53,198.00 198,251.00 990,311.00 448,542.00
EBIT 3,274,130.00 1,757,685.00 1,848,365.00 2,572,658.00 2,518,443.00
Deprecation and Amortization 1,642,231.00 1,644,297.00 1,773,673.00 1,787,152.00 2,083,365.00
EBITDA 4,916,361.00 3,401,982.00 3,622,038.00 4,359,810.00 4,601,808.00
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 459,888.00 454,723.00 453,244.00 458,311.00 581,057.00
Average Shares Outstanding Diluted 459,888.00 455,034.00 453,282.00 462,295.00 583,689.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 3,064,175.00 1,826,398.00 2,366,901.00 5,678,012.00 5,960,586.00
   Operating Net Income -233,117.00 155,025.00 445,466.00 2,019,729.00 899,317.00
   Deprecation and Amortization 1,642,231.00 1,644,297.00 1,773,673.00 1,787,152.00 2,083,365.00
   Deferred Income Tax -795,603.00 -458,963.00 62,090.00 72,902.00 176,729.00
   Share Based Compensation 67,162.00 47,926.00 159,985.00 98,296.00 125,087.00
   Change in Working Capital 491,504.00 350,200.00 -548,863.00 -731,871.00 -239,459.00
   Other Operating Activities 1,891,998.00 87,913.00 474,550.00 2,431,804.00 2,915,547.00
Investing Cash Flow -1,455,513.00 -1,706,523.00 -1,921,510.00 -1,573,603.00 -2,445,060.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 1,433,013.00 1,704,811.00 1,914,282.00 1,231,715.00 1,073,955.00
   Net Purchase/Sale of Investments Net -16,032.00 1,712.00 5,168.00 1,444.00 -2,796.00
   Net Purchase/Sale of Business 38,532.00 0 2,060.00 340,444.00 149,973.00
   Other Investing Activities -2,911,026.00 -3,413,046.00 -3,843,020.00 -3,147,206.00 -3,666,192.00
Financing Cash Flow -253,530.00 -122,591.00 -669,262.00 -2,696,977.00 -4,354,467.00
   Net Issuance/Repayment of Debt 17,307,118.00 11,237,363.00 19,761,956.00 18,732,114.00 28,428,904.00
   Net Issuance/Repurchase of Equity 0 0 0 1,154,928.00 5,180,727.00
   Dividends Paid 0 0 0 0 4,794,408.00
   Other Financing Activities -17,560,648.00 -11,359,954.00 -20,431,218.00 -22,584,019.00 -42,758,506.00
Net Change in Cash -201,610.00 -12,258.00 443,622.00 -333,666.00 -1,682,216.00
   Cash at Beginning of Period 458,434.00 314,596.00 -137,871.00 529,641.00 1,960,902.00
   Cash at End of Period 256,824.00 302,338.00 305,751.00 195,975.00 278,686.00
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 92,195,143.00 94,862,003.00 95,062,256.00 95,114,192.00 95,520,324.00 96,049,005.00 63,893,934.00 63,847,225.00 64,416,913.00 64,215,401.00 63,973,551.00 67,329,925.00 66,562,571.00 66,236,545.00 66,285,650.00 66,427,511.00 66,862,843.00 67,063,491.00 66,339,305.00 66,752,836.00
   Current Assets 4,547,485.00 2,196,068.00 2,288,343.00 2,174,154.00 2,583,311.00 3,024,942.00 1,817,836.00 1,669,581.00 1,602,135.00 1,472,635.00 1,439,159.00 5,136,883.00 4,998,241.00 5,243,059.00 1,563,400.00 1,576,711.00 1,686,901.00 1,600,709.00 1,661,355.00 1,952,648.00
      Cash and Short-Term Investments 1,948,558.00 484,131.00 548,828.00 503,440.00 490,647.00 724,782.00 569,462.00 604,669.00 537,303.00 438,795.00 441,427.00 611,495.00 499,125.00 463,903.00 390,026.00 389,393.00 462,875.00 442,954.00 441,313.00 556,888.00
            Cash and Cash Equivalents 1,948,558.00 484,131.00 548,828.00 503,440.00 490,647.00 724,782.00 569,462.00 604,669.00 537,303.00 438,795.00 441,427.00 611,495.00 499,125.00 463,903.00 390,026.00 389,393.00 462,875.00 442,954.00 441,313.00 556,888.00
            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 327,727.00 299,592.00 299,388.00 332,271.00 315,894.00 319,895.00 314,691.00 357,597.00 333,247.00 332,657.00 319,369.00 365,992.00 343,355.00 370,903.00 383,103.00 406,952.00 434,011.00 404,150.00 376,155.00 442,581.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 2,271,200.00 1,412,345.00 1,440,127.00 1,338,443.00 1,776,770.00 1,980,265.00 933,683.00 707,315.00 731,585.00 701,183.00 678,363.00 4,159,396.00 4,155,761.00 4,408,253.00 790,271.00 780,366.00 790,015.00 753,605.00 843,887.00 953,179.00
   Non-Current Assets 87,647,658.00 92,665,935.00 92,773,913.00 92,940,038.00 92,937,013.00 93,024,063.00 62,076,098.00 62,177,644.00 62,814,778.00 62,742,766.00 62,534,392.00 62,193,042.00 61,564,330.00 60,993,486.00 64,722,250.00 64,850,800.00 65,175,942.00 65,462,782.00 64,677,950.00 64,800,188.00
      Property, Plant, Equipment Net 8,678,800.00 8,712,815.00 8,679,597.00 8,662,645.00 8,583,317.00 8,490,727.00 8,442,367.00 8,373,302.00 8,358,080.00 8,224,677.00 8,064,374.00 7,751,381.00 7,312,673.00 7,009,281.00 6,743,702.00 27,188,762.00 6,319,330.00 6,253,737.00 6,077,930.00 6,047,338.00
      Goodwill 8,041,217.00 8,041,217.00 8,041,217.00 8,041,217.00 8,044,716.00 8,044,716.00 8,044,716.00 16,252,487.00 8,207,771.00 8,208,773.00 8,208,773.00 8,208,773.00 8,205,863.00 8,205,863.00 8,205,863.00 8,205,863.00 8,206,365.00 8,206,420.00 8,160,566.00 16,451,171.00
      Intangible Assets 25,493,518.00 28,867,928.00 29,084,579.00 29,305,031.00 29,541,535.00 29,722,606.00 29,959,261.00 30,210,715.00 30,503,905.00 30,786,820.00 31,096,039.00 31,413,703.00 31,779,610.00 32,165,236.00 32,597,794.00 38,089,862.00 33,517,231.00 33,982,816.00 33,984,085.00 34,479,382.00
      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 45,434,123.00 47,043,975.00 46,968,520.00 46,931,145.00 46,767,445.00 46,766,014.00 15,629,754.00 7,341,140.00 15,745,022.00 15,522,496.00 15,165,206.00 14,819,185.00 14,266,184.00 13,613,106.00 17,174,891.00 -8,633,687.00 17,133,016.00 17,019,809.00 16,455,369.00 7,822,297.00
Liabilities 98,939,217.00 96,759,111.00 96,651,400.00 96,490,264.00 96,796,577.00 97,246,101.00 64,767,650.00 64,719,568.00 65,068,235.00 64,987,071.00 64,943,533.00 68,346,389.00 67,262,584.00 67,207,684.00 67,560,652.00 68,191,186.00 69,146,840.00 69,777,955.00 69,117,003.00 69,135,417.00
   Current Liabilities 6,070,961.00 6,863,642.00 6,605,046.00 6,909,550.00 6,520,628.00 6,568,450.00 2,243,376.00 4,616,249.00 6,256,645.00 6,014,753.00 4,493,721.00 4,039,701.00 7,939,013.00 4,524,378.00 2,777,380.00 5,470,239.00 3,668,895.00 6,190,448.00 6,363,126.00 6,195,738.00
      Payables and Expenses 3,520,572.00 4,239,252.00 3,922,105.00 4,053,225.00 3,590,126.00 3,656,769.00 3,885,315.00 3,941,968.00 4,083,163.00 3,772,844.00 3,554,775.00 3,768,130.00 3,634,343.00 3,475,604.00 3,394,170.00 3,445,727.00 3,297,342.00 3,308,100.00 3,515,556.00 3,467,640.00
            Account Payables 2,232,254.00 2,656,000.00 2,456,192.00 2,755,414.00 2,616,170.00 2,668,584.00 2,535,230.00 2,422,914.00 2,566,678.00 2,516,746.00 2,636,058.00 2,932,314.00 2,618,030.00 2,583,940.00 2,426,284.00 2,535,958.00 2,259,524.00 2,362,398.00 2,226,000.00 2,095,272.00
            Current Accrued Liabilities 1,288,318.00 1,583,252.00 1,465,913.00 1,297,811.00 973,956.00 988,185.00 1,350,085.00 1,519,054.00 1,516,485.00 1,256,098.00 918,717.00 835,816.00 1,016,313.00 891,664.00 967,886.00 909,769.00 1,037,818.00 945,702.00 1,289,556.00 1,372,368.00
      Short-Term Debt 362,404.00 216,486.00 436,923.00 613,480.00 821,412.00 950,514.00 1,032,351.00 1,139,398.00 3,349,371.00 3,333,432.00 1,196,170.00 6,296,874.00 6,265,635.00 8,159,820.00 2,986,989.00 2,751,939.00 5,747,940.00 3,968,985.00 3,852,915.00 3,815,889.00
      Other Current Liabilities 2,187,985.00 2,407,904.00 2,246,018.00 2,242,845.00 2,109,090.00 1,961,167.00 -2,674,290.00 -465,117.00 -1,175,889.00 -1,091,523.00 -257,224.00 -6,025,303.00 -1,960,965.00 -7,111,046.00 -3,603,779.00 -727,427.00 -5,376,387.00 -1,086,637.00 -1,005,345.00 -1,087,791.00
   Non-Current Liabilities 92,868,256.00 89,895,469.00 90,046,354.00 89,580,714.00 90,275,949.00 90,677,651.00 62,524,274.00 60,103,319.00 58,811,590.00 58,972,318.00 60,449,812.00 64,306,688.00 59,323,571.00 62,683,306.00 64,783,272.00 62,720,947.00 65,477,945.00 63,587,507.00 62,753,877.00 62,939,679.00
      Long-Term Debt 105,082,148.00 101,383,142.00 101,141,526.00 99,998,292.00 99,603,912.00 100,066,722.00 74,662,258.00 74,675,956.00 72,545,215.00 72,564,143.00 74,435,445.00 74,058,442.00 73,360,729.00 71,521,818.00 76,900,324.00 77,362,793.00 75,134,133.00 77,076,969.00 76,294,443.00 76,944,735.00
      Other Non-Current Liabilities -12,213,892.00 -11,487,673.00 -11,095,172.00 -10,417,578.00 -9,327,963.00 -9,389,071.00 -12,137,984.00 -14,572,637.00 -13,733,625.00 -13,591,825.00 -13,985,633.00 -9,751,754.00 -14,037,158.00 -8,838,512.00 -12,117,052.00 -14,641,846.00 -9,656,188.00 -13,489,462.00 -13,540,566.00 -14,005,056.00
Equity -6,744,074.00 -1,897,108.00 -1,589,144.00 -1,376,072.00 -1,276,253.00 -1,197,096.00 -873,716.00 -872,343.00 -651,322.00 -771,670.00 -969,982.00 -1,016,464.00 -700,013.00 -971,139.00 -1,275,002.00 -1,763,675.00 -2,283,997.00 -2,714,464.00 -2,777,698.00 -2,382,581.00
   Shareholders Equity -2,242,155.00 -624,115.00 -543,000.00 -469,235.00 -427,112.00 -399,094.00 -431,164.00 -422,180.00 -305,089.00 -378,873.00 -471,439.00 -475,211.00 -313,521.00 -436,476.00 -581,042.00 -819,788.00 -1,086,529.00 -1,298,940.00 -1,334,169.00 -1,141,030.00
      Capital Stock 4,706.00 4,696.00 4,687.00 4,641.00 4,621.00 4,615.00 4,609.00 4,560.00 4,547.00 4,547.00 4,547.00 4,562.00 4,547.00 4,546.00 4,546.00 4,546.00 4,547.00 4,571.00 4,680.00 4,831.00
      Share Premium 256,363.00 247,891.00 236,997.00 233,953.00 225,467.00 209,992.00 195,713.00 187,186.00 176,140.00 168,933.00 159,750.00 182,701.00 137,660.00 100,213.00 58,527.00 18,005.00 0 0 0 0
      Retained Earnings -2,501,819.00 -875,920.00 -779,669.00 -703,993.00 -649,877.00 -606,907.00 -622,268.00 -601,075.00 -483,269.00 -550,108.00 -628,408.00 -654,273.00 -461,160.00 -546,111.00 -652,285.00 -848,836.00 -1,100,497.00 -1,315,080.00 -1,185,610.00 -985,641.00
      Treasury Shares 10.00 10.00 10.00 10.00 10.00 10.00 10.00 0 0 0 0 0 0 0 0 0 0 0 163,860.00 163,866.00
      Accumulated Other Comprehensive Income -1,395.00 -772.00 -5,005.00 -11,478.00 -21,939.00 -20,352.00 -27,624.00 -38,553.00 -7,521.00 -6,735.00 -21,984.00 -24,603.00 16,296.00 14,628.00 24,510.00 19,491.00 28,263.00 34,707.00 31,863.00 10,938.00
   Minority Interest 7,695.00 -4,137.00 50,424.00 49,612.00 18,140.00 9,600.00 -11,823.00 -36,714.00 -48,756.00 -72,780.00 -94,275.00 -86,103.00 -76,650.00 -114,474.00 -136,572.00 -153,342.00 -138,474.00 -150,162.00 -160,212.00 -186,327.00
Investments 0 0 0 24,232.00 0 0 0 0 0 0 0 1,502,145.00 1,259,877.00 1,685,563.00 0 27,931.00 0 0 0 25,198.00
Debt 105,444,552.00 101,599,628.00 101,578,449.00 100,611,772.00 100,425,324.00 101,017,236.00 75,694,609.00 75,815,354.00 75,894,586.00 75,897,575.00 75,631,615.00 80,355,316.00 79,626,364.00 79,681,638.00 79,887,313.00 80,114,732.00 80,882,073.00 81,045,954.00 80,147,358.00 80,760,624.00
Net Debt 103,495,994.00 101,115,497.00 101,029,621.00 100,108,332.00 99,934,677.00 100,292,454.00 75,125,147.00 75,210,685.00 75,357,283.00 75,458,780.00 75,190,188.00 79,743,821.00 79,127,239.00 79,217,735.00 79,497,287.00 79,725,339.00 80,419,198.00 80,603,000.00 79,706,045.00 80,203,736.00
Common Shares Outstanding 469,612.14 468,644.76 467,726.02 0 276,965.36 276,359.33 275,737.56 0 0 0 0 0 0 0 0 0 454,653.28 457,080.37 461,977.41 476,469.58
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 6,407,595.00 4,299,485.00 2,152,282.00 -4,507,598.00 6,719,390.00 4,491,690.00 2,250,935.00 7,634.00 2,317,200.00 4,618,252.00 2,293,978.00 -52,701.00 2,393,552.00 4,884,911.00 2,421,897.00 42,317.00 2,574,882.00 4,994,829.00 2,478,821.00
Cost Of Revenue 3,948,683.00 2,668,983.00 1,342,660.00 -2,977,845.00 4,358,305.00 2,933,196.00 1,491,129.00 1,473,886.00 754,153.00 3,073,720.00 771,719.00 -53,080.00 782,121.00 1,647,804.00 828,793.00 -15,380.00 843,909.00 1,701,736.00 851,864.00
Gross Profit 2,458,912.00 1,630,502.00 809,622.00 -1,529,753.00 2,361,085.00 1,558,494.00 759,806.00 -1,466,252.00 1,563,047.00 1,544,532.00 1,522,259.00 379.00 1,611,431.00 3,237,107.00 1,593,104.00 57,697.00 1,730,973.00 3,293,093.00 1,626,957.00
Operating Expenses 4,007,889.00 -320,719.00 -217,714.00 527,344.00 -1,655,298.00 -1,125,714.00 366,652.00 -1,343,384.00 1,070,482.00 637,419.00 1,097,129.00 211,733.00 1,144,166.00 2,202,895.00 1,080,633.00 67,362.00 1,040,362.00 2,057,870.00 1,018,499.00
   Selling, General and Administrative Expenses 43,628.00 31,615.00 15,449.00 169,240.00 50,351.00 30,181.00 13,757.00 219,163.00 16,115.00 15,876.00 2,623.00 144,648.00 37,349.00 77,061.00 40,532.00 166,081.00 24,350.00 55,927.00 28,281.00
   Research and Development Expenses 0 0 0 0 0 0 0 33,427.00 0 0 0 22,292.00 0 0 0 0 0 0 0
   Other Operating Expenses 3,964,261.00 -352,334.00 -233,163.00 358,104.00 -1,705,649.00 -1,155,895.00 352,895.00 -1,595,974.00 1,054,367.00 621,543.00 1,094,506.00 44,793.00 1,106,817.00 2,125,834.00 1,040,101.00 -98,719.00 1,016,012.00 2,001,943.00 990,218.00
Operating Income -1,548,977.00 1,951,221.00 1,027,336.00 -2,057,097.00 4,016,383.00 2,684,208.00 393,154.00 -122,868.00 492,565.00 907,113.00 425,130.00 -211,354.00 467,265.00 1,034,212.00 512,471.00 -9,665.00 690,611.00 1,235,223.00 608,458.00
Net Non-Operating Income -4,016,451.00 -2,637,983.00 -1,294,909.00 1,602,784.00 -3,988,059.00 -2,501,979.00 -403,126.00 -119,371.00 -389,714.00 -710,702.00 -363,588.00 -122,769.00 -333,817.00 -601,795.00 -227,484.00 -104,249.00 -314,636.00 -581,923.00 -217,912.00
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -4,385.00 319,065.00 635,865.00 316,366.00
Interest Expense 2,667,798.00 1,748,168.00 857,447.00 -445,963.00 2,656,588.00 880,096.00 437,141.00 33,639.00 420,216.00 795,987.00 389,278.00 73,710.00 340,989.00 613,575.00 303,362.00 -4,395.00 319,033.00 635,774.00 316,339.00
Net Interest -2,667,798.00 -1,748,168.00 -857,447.00 445,963.00 -2,656,588.00 -880,096.00 -437,141.00 -33,639.00 -420,216.00 -795,987.00 -389,278.00 -377,072.00 -340,989.00 -613,575.00 0 10.00 32.00 91.00 27.00
EBT -5,565,428.00 -686,762.00 -267,573.00 -454,313.00 28,324.00 182,229.00 -9,972.00 -242,239.00 102,851.00 196,411.00 61,542.00 -334,123.00 133,448.00 432,417.00 284,987.00 -113,914.00 375,975.00 653,300.00 390,546.00
Income Tax 199,730.00 194,035.00 48,868.00 -265,180.00 125,791.00 155,811.00 2,924.00 -54,700.00 27,336.00 79,097.00 30,372.00 352,583.00 35,827.00 116,736.00 82,846.00 29,495.00 105,226.00 345,357.00 112,007.00
Net Income Including Non-Controlling Interests -8,563.00 -29,894.00 -19,009.00 15,776.00 -39,466.00 -34,360.00 -54,381.00 -203,982.00 58,163.00 91,016.00 4,645.00 -443,294.00 72,281.00 289,769.00 174,191.00 -91,279.00 262,957.00 466,416.00 269,733.00
Net Income Non-Controlling Interests 49,842.00 38,010.00 22,025.00 -4,216.00 50,319.00 43,914.00 33,188.00 60,311.00 8,676.00 13,149.00 21,220.00 57,318.00 12,670.00 12,956.00 22,360.00 66,508.00 3,896.00 7,677.00 4,403.00
Net Income 41,279.00 8,116.00 3,016.00 11,560.00 10,853.00 9,554.00 -21,193.00 -143,671.00 66,839.00 104,165.00 25,865.00 -385,976.00 84,951.00 302,725.00 196,551.00 -24,771.00 266,853.00 474,093.00 274,136.00
EBIT -2,897,630.00 1,061,406.00 589,874.00 -900,276.00 2,684,912.00 1,062,325.00 427,169.00 -208,600.00 523,067.00 992,398.00 450,820.00 -260,413.00 474,437.00 1,045,992.00 588,349.00 -118,309.00 695,008.00 1,289,074.00 706,885.00
Deprecation and Amortization 2,554,396.00 1,701,166.00 859,270.00 -3,179,715.00 2,408,464.00 1,613,724.00 799,758.00 -2,607,510.00 1,681,051.00 1,715,684.00 855,072.00 -2,700,072.00 1,773,911.00 1,807,226.00 892,608.00 25,153.00 447,958.00 879,184.00 434,857.00
EBITDA -343,234.00 2,762,572.00 1,449,144.00 -4,079,991.00 5,093,376.00 2,676,049.00 1,226,927.00 -2,816,110.00 2,204,118.00 2,708,082.00 1,305,892.00 -2,960,485.00 2,248,348.00 2,853,218.00 1,480,957.00 -93,156.00 1,142,966.00 2,168,258.00 1,141,742.00
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 467,108.00 466,311.00 464,862.00 464,166.00 459,335.00 458,682.00 457,369.00 454,789.00 454,730.00 454,687.00 454,686.00 453,278.00 453,239.00 453,230.00 453,229.00 446,902.00 454,049.00 463,060.00 469,233.00
Average Shares Outstanding Diluted 467,108.00 466,311.00 464,862.00 464,166.00 459,335.00 458,682.00 457,369.00 454,327.00 455,076.00 455,139.00 455,594.00 453,279.00 453,390.00 453,230.00 453,229.00 447,059.00 457,163.00 469,510.00 475,448.00
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 1,497,715.00 1,202,159.00 377,190.00 -1,330,589.00 2,182,530.00 1,412,911.00 799,323.00 79,367.00 474,498.00 855,687.00 416,846.00 -740,012.00 629,162.00 1,276,554.00 1,201,197.00 -145,386.00 1,395,889.00 2,928,925.00 1,498,584.00
   Operating Net Income -5,365,698.00 -492,727.00 -218,705.00 -149,172.00 -97,467.00 26,418.00 -12,896.00 6,541.00 0.00 117,314.00 31,170.00 -72,356.00 0.00 315,681.00 202,141.00 1,058,486.00 0.00 961,243.00 0
   Deprecation and Amortization 2,554,396.00 1,701,166.00 859,270.00 -3,179,715.00 2,408,464.00 1,613,724.00 799,758.00 754,592.00 -1,681,051.00 1,715,684.00 855,072.00 847,750.00 -1,773,911.00 1,807,226.00 892,608.00 25,153.00 447,958.00 879,184.00 434,857.00
   Deferred Income Tax -177,714.00 -260,615.00 -127,410.00 -860,394.00 -11,986.00 -9,818.00 86,595.00 -214,420.00 -73,893.00 -113,402.00 -57,248.00 167,479.00 -31,520.00 -57,720.00 -16,149.00 -138,607.00 -3,446.00 185,790.00 29,165.00
   Share Based Compensation 43,628.00 31,615.00 15,449.00 -27,127.00 50,351.00 30,181.00 13,757.00 21,181.00 16,115.00 13,253.00 -2,623.00 5,043.00 37,349.00 77,061.00 40,532.00 -10,262.00 24,350.00 55,927.00 28,281.00
   Change in Working Capital -99,262.00 408,615.00 -31,868.00 3,290.00 295,564.00 214,509.00 -21,859.00 147,108.00 18,142.00 93,588.00 91,362.00 14,972.00 95,092.00 -403,352.00 -255,575.00 -192,627.00 72,028.00 -471,696.00 -139,576.00
   Other Operating Activities 4,542,365.00 -185,895.00 -119,546.00 2,882,529.00 -462,396.00 -462,103.00 -66,032.00 -635,635.00 2,195,185.00 -970,750.00 -500,887.00 -1,702,900.00 2,302,152.00 -462,342.00 337,640.00 -887,529.00 854,999.00 1,318,477.00 1,145,857.00
Investing Cash Flow -1,010,693.00 -745,555.00 -363,549.00 612,137.00 -1,045,980.00 -685,893.00 -335,777.00 287,810.00 -353,318.00 -1,057,920.00 -583,095.00 -153,926.00 -497,994.00 -878,107.00 -391,483.00 -175,159.00 -310,257.00 -877,539.00 -210,648.00
   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 2,316,978.00 739,643.00 356,124.00 -629,873.00 1,042,975.00 683,816.00 336,095.00 -287,647.00 353,219.00 1,056,342.00 582,897.00 150,855.00 493,559.00 877,497.00 392,371.00 173,857.00 309,172.00 535,895.00 212,791.00
   Net Purchase/Sale of Investments Net 0 -1,704.00 -191.00 -13,023.00 -2,743.00 52.00 -318.00 -163.00 99.00 1,578.00 198.00 3,071.00 2,375.00 610.00 -888.00 1,302.00 1,211.00 1,074.00 -2,143.00
   Net Purchase/Sale of Business 7,616.00 7,616.00 7,616.00 30,759.00 5,748.00 2,025.00 0 0 0.00 0 0 0.00 2,060.00 0 0 0.00 -126.00 340,570.00 0
   Net Loan & Lease Activity 0 0 0 0 0
   Other Investing Activities -3,335,287.00 -1,491,110.00 -727,098.00 1,224,274.00 -2,091,960.00 -1,371,786.00 -671,554.00 575,620.00 -706,636.00 -2,115,840.00 -1,166,190.00 -307,852.00 -995,988.00 -1,756,214.00 -782,966.00 -350,318.00 -620,514.00 -1,755,078.00 -421,296.00
Financing Cash Flow 2,095,690.00 267,874.00 395,404.00 -9,179.00 -203,786.00 40,311.00 -80,876.00 -249,435.00 -69,896.00 115,335.00 81,405.00 14,167.00 -113,718.00 -361,082.00 -208,629.00 540,081.00 -754,216.00 -1,288,739.00 -1,194,103.00
   Net Issuance/Repayment of Debt 5,029,257.00 2,349,811.00 1,377,152.00 -25,294,237.00 15,733,977.00 14,960,949.00 11,906,429.00 5,245,862.00 -2,753,279.00 7,431,186.00 1,313,594.00 15,140,105.00 1,042,429.00 2,562,164.00 1,017,258.00 11,502,968.00 -5,581,655.00 12,434,938.00 375,863.00
   Net Issuance/Repurchase of Equity 0 0 0 0 0 0 0 0 0.00 0 0 0 0.00 0 0 -153,645.00 79,410.00 725,518.00 503,645.00
   Dividends Paid 0 0 0 0 0 0 0 0 0.00 0 0 0 0.00 0 0 0 763,435.00 0 501,000.00
   Other Financing Activities -2,933,567.00 -2,081,937.00 -981,748.00 25,285,058.00 -15,937,763.00 -14,920,638.00 -11,987,305.00 -5,495,297.00 2,683,383.00 -7,315,851.00 -1,232,189.00 -15,125,938.00 -1,156,147.00 -2,923,246.00 -1,225,887.00 -9,544,807.00 3,984,594.00 -14,449,195.00 -2,574,611.00
Net Change in Cash 3,144,746.00 -40,386.00 90,884.00 -147,042.00 -227,238.00 241,860.00 -69,190.00 400,208.00 273,786.00 -346,496.00 -339,756.00 332,335.00 -39,559.00 149,240.00 1,606.00 86,470.00 41,080.00 -228,826.00 -232,390.00
   Cash at Beginning of Period -2,101,082.00 287,969.00 188,547.00 403,866.00 477,529.00 120,534.00 353,924.00 -97,870.00 -5,131.00 565,897.00 560,473.00 -26,584.00 290,400.00 83,990.00 194,306.00 109,505.00 191,636.00 450,409.00 453,225.00
   Cash at End of Period 1,043,664.00 247,583.00 279,431.00 256,824.00 250,291.00 362,394.00 284,734.00 302,338.00 268,655.00 219,401.00 220,717.00 305,751.00 250,841.00 233,230.00 195,912.00 195,975.00 232,716.00 221,583.00 220,835.00
Free Cash Flow 0 0 0 0 0 0 0 0 0.00 0 0 0 0.00 0 0 0 0.00 0 0