Valuation Ratios

Breakdown 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Price to Earnings 37.11 30.68 33.63 28.88 16.86
Price to Sales 8.04 6.07 5.72 4.58 5.73
Book Value Per Common Share 7.29 3.16 0.40 -2.33 1.86
Price to Book 22.72 37.09 267.86 -30.81 42.30
Price to Operating Cash Flow 22.17 17.22 16.64 20.36 14.60
Price to Free Cash Flow
Enterprise Value to EBITDA
Breakdown 2025-11-30 2025-08-31 2025-05-31 2025-02-28 2024-11-30 2024-08-31 2024-05-31 2024-02-29 2023-11-30 2023-08-31 2023-05-31 2023-02-28 2022-11-30 2022-08-31 2022-05-31 2022-02-28 2021-11-30 2021-08-31 2021-05-31 2021-02-28
Price to Earnings 63.31 217.43 51.25 84.40 133.29 41.83 64.56 135.27 45.29 68.06 127.84 58.44 206.23 100.15 19.79
Price to Sales 18.54 42.81 11.14 18.74 29.32 7.92 12.53 26.37 6.51 9.42 17.40 6.73 12.34 25.37 6.56
Book Value Per Common Share 10.43 8.50 7.29 5.97 4.92 3.90 3.16 2.05 1.41 0.87 0.40 -0.90 -1.58 -2.18 -2.33 -3.26 -3.78 -0.56 1.86 3.07
Price to Book 19.37 26.60 22.72 27.82 37.60 36.20 37.09 54.56 82.61 139.13 267.86 -97.47 -52.70 -34.03 -30.81 -23.31 -23.99 -158.65 42.30 20.98
Price to Operating Cash Flow 56.30 78.51 31.52 58.75 52.52 24.31 44.69 47.09 20.43 30.84 31.14 37.08 145.00 45.78 17.39
Price to Free Cash Flow
Enterprise Value to EBITDA

Earnings Data

Breakdown 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Earning YoY 16.75 21.27 26.51 -46.68
Revenue YoY 8.38 6.02 17.71 4.84
EBITDA YoY
Net Profit YoY 18.88 23.10 26.59 -51.13
Breakdown 2025-11-30 2025-08-31 2025-05-31 2025-02-28 2024-11-30 2024-08-31 2024-05-31 2024-02-29 2023-11-30 2023-08-31 2023-05-31 2023-02-28 2022-11-30 2022-08-31 2022-05-31 2022-02-28 2021-11-30 2021-08-31 2021-05-31 2021-02-28
Earning YoY 206.73 47.95 106.60 48.33 102.25 58.20 110.34 195.45 -50.56 -72.70
Revenue YoY 107.58 51.63 105.65 52.30 103.92 52.27 107.25 52.34 106.49 -66.75
EBITDA YoY
Net Profit YoY 209.60 48.29 107.58 48.75 103.43 57.62 112.47 191.81 -50.79 -74.71

Financial Strength

Breakdown 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Cash Per Common Share 4.02 3.89 3.78 8.11 15.81
Quick Ratio 0.61 0.59 0.74 1.43 2.15
Current Ratio 0.75 0.72 0.91 1.62 2.30
Debt to Equity 7.03 14.26 85.37 -19.95 21.03
Long-Term Debt to Equity 5.47 10.84 70.53 -16.57 16.97
Breakdown 2025-11-30 2025-08-31 2025-05-31 2025-02-28 2024-11-30 2024-08-31 2024-05-31 2024-02-29 2023-11-30 2023-08-31 2023-05-31 2023-02-28 2022-11-30 2022-08-31 2022-05-31 2022-02-28 2021-11-30 2021-08-31 2021-05-31 2021-02-28
Cash Per Common Share 6.95 3.89 3.99 6.40 4.08 3.95 3.87 3.61 3.18 4.43 3.75 3.26 2.73 4.18 8.22 8.63 8.36 14.20 16.54 12.05
Quick Ratio 0.77 0.50 0.61 0.87 0.67 0.59 0.59 0.69 0.63 0.73 0.74 0.65 0.50 0.49 1.43 1.34 1.45 1.90 2.15 2.00
Current Ratio 0.91 0.62 0.75 1.02 0.81 0.72 0.72 0.85 0.79 0.87 0.91 0.82 0.65 0.60 1.62 1.52 1.65 2.04 2.30 2.16
Debt to Equity 5.73 6.32 7.03 8.35 9.43 11.80 14.26 21.17 29.68 47.10 85.37 -69.84 -35.02 -24.91 -19.95 -14.23 -12.07 -109.78 21.03 11.26
Long-Term Debt to Equity 4.49 4.70 5.47 6.63 7.39 8.95 10.84 17.15 24.11 38.18 70.53 -57.87 -27.84 -18.52 -16.57 -11.69 -10.11 -89.37 16.97 9.15

Profitability

Breakdown 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
ROA 7.39 7.42 6.33 6.15 10.48
ROE 59.34 113.29 546.47 -116.45 230.95
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin 21.68 19.76 17.02 15.83 33.96
Breakdown 2025-11-30 2025-08-31 2025-05-31 2025-02-28 2024-11-30 2024-08-31 2024-05-31 2024-02-29 2023-11-30 2023-08-31 2023-05-31 2023-02-28 2022-11-30 2022-08-31 2022-05-31 2022-02-28 2021-11-30 2021-08-31 2021-05-31 2021-02-28
ROA 4.42 1.62 5.59 4.09 2.03 5.34 3.67 1.77 3.94 2.56 1.19 3.25 1.13 2.00 8.22
ROE 29.75 11.87 52.23 42.71 25.99 118.46 112.45 85.18 -271.13 -87.10 -28.41 -42.97 -12.52 -217.43 100.80
Gross Margin
Operating Margin
EBITDA Margin
Net Profit Margin 29.25 19.61 21.73 22.22 22.01 18.94 19.39 19.43 14.35 13.87 13.53 11.53 6.02 25.26 33.21

Dividends

Breakdown 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Dividend Yield
Dividend Payout Ratio
Breakdown 2025-11-30 2025-08-31 2025-05-31 2025-02-28 2024-11-30 2024-08-31 2024-05-31 2024-02-29 2023-11-30 2023-08-31 2023-05-31 2023-02-28 2022-11-30 2022-08-31 2022-05-31 2022-02-28 2021-11-30 2021-08-31 2021-05-31 2021-02-28
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Assets 168,361,000.00 140,976,000.00 134,384,000.00 109,297,000.00 131,107,000.00
   Current Assets 24,579,000.00 22,554,000.00 21,004,000.00 31,633,000.00 55,567,000.00
      Cash and Short-Term Investments 11,203,000.00 10,661,000.00 10,187,000.00 21,902,000.00 46,554,000.00
            Cash and Cash Equivalents 10,786,000.00 10,454,000.00 9,765,000.00 21,383,000.00 30,098,000.00
            Short-Term Investments 417,000.00 207,000.00 422,000.00 519,000.00 16,456,000.00
      Net Receivables 8,558,000.00 7,874,000.00 6,915,000.00 5,953,000.00 5,409,000.00
      Inventory 303,000.00 334,000.00 298,000.00 314,000.00 142,000.00
      Other Current Assets 4,515,000.00 3,685,000.00 3,604,000.00 3,464,000.00 3,462,000.00
   Non-Current Assets 143,782,000.00 118,422,000.00 113,380,000.00 77,664,000.00 75,540,000.00
      Property, Plant, Equipment Net 56,667,000.00 28,836,000.00 21,669,000.00 13,216,000.00 9,649,000.00
      Goodwill 62,207,000.00 62,230,000.00 62,261,000.00 43,811,000.00 43,935,000.00
      Intangible Assets 4,587,000.00 6,890,000.00 9,837,000.00 1,440,000.00 2,430,000.00
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 11,877,000.00 12,273,000.00 12,226,000.00 12,782,000.00 13,636,000.00
      Other Non-Current Assets 8,444,000.00 8,193,000.00 7,387,000.00 6,415,000.00 5,890,000.00
Liabilities 147,392,000.00 131,737,000.00 132,828,000.00 115,065,000.00 125,155,000.00
   Current Liabilities 32,643,000.00 31,544,000.00 23,090,000.00 19,511,000.00 24,164,000.00
      Payables and Expenses 7,356,000.00 4,273,000.00 3,257,000.00 3,261,000.00 2,762,000.00
            Account Payables 5,113,000.00 2,357,000.00 1,204,000.00 1,317,000.00 745,000.00
            Current Accrued Liabilities 2,243,000.00 1,916,000.00 2,053,000.00 1,944,000.00 2,017,000.00
      Short-Term Debt 7,271,000.00 10,605,000.00 4,061,000.00 3,749,000.00 8,250,000.00
      Other Current Liabilities 18,016,000.00 16,666,000.00 15,772,000.00 12,501,000.00 13,152,000.00
   Non-Current Liabilities 114,749,000.00 100,193,000.00 109,738,000.00 95,554,000.00 100,991,000.00
      Long-Term Debt 96,833,000.00 76,264,000.00 86,420,000.00 72,110,000.00 75,995,000.00
      Other Non-Current Liabilities 17,916,000.00 23,929,000.00 23,318,000.00 23,444,000.00 24,996,000.00
Equity 20,969,000.00 9,239,000.00 1,556,000.00 -5,768,000.00 5,952,000.00
   Shareholders Equity 20,451,000.00 8,704,000.00 1,073,000.00 -6,220,000.00 5,238,000.00
      Capital Stock 0 0 0 0 0
      Share Premium 0 0 0 0 0
      Retained Earnings -15,481,000.00 -22,628,000.00 -27,620,000.00 -31,336,000.00 -20,120,000.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -1,175,000.00 -1,432,000.00 -1,522,000.00 -1,692,000.00 -1,175,000.00
   Minority Interest 518,000.00 535,000.00 483,000.00 452,000.00 714,000.00
Investments 417,000.00 207,000.00 422,000.00 519,000.00 16,456,000.00
Debt 104,104,000.00 86,869,000.00 90,481,000.00 75,859,000.00 84,245,000.00
Net Debt 92,901,000.00 76,208,000.00 80,294,000.00 53,957,000.00 37,691,000.00
Common Shares Outstanding 2,807,000.00 2,755,000.00 2,713,000.00 2,665,000.00 2,814,000.00
Breakdown 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Revenues 57,399,000.00 52,961,000.00 49,954,000.00 42,440,000.00 40,481,000.00
   Selling, General and Administrative Expenses 18,002,000.00 17,285,000.00 18,481,000.00 16,779,000.00 16,123,000.00
   Research and Development Expenses 9,860,000.00 8,915,000.00 8,623,000.00 7,219,000.00 6,527,000.00
Operating Income 85,360,000.00 78,043,000.00 71,417,000.00 64,180,000.00 66,859,000.00
Interest Income 4,156,000.00 3,965,000.00 3,790,000.00 2,849,000.00 2,597,000.00
Interest Expense 3,578,000.00 3,514,000.00 3,505,000.00 2,755,000.00 2,496,000.00
Net Interest 578,000.00 451,000.00 285,000.00 94,000.00 101,000.00
EBT 0 0 0 0 0
Income Tax 1,717,000.00 1,274,000.00 623,000.00 932,000.00 747,000.00
Net Income Including Non-Controlling Interests 12,627,000.00 10,653,000.00 8,668,000.00 6,901,000.00 13,926,000.00
Net Income Non-Controlling Interests -184,000.00 -186,000.00 -165,000.00 -184,000.00 -180,000.00
Net Income 12,443,000.00 10,467,000.00 8,503,000.00 6,717,000.00 13,746,000.00
Deprecation and Amortization 8,481,000.00 9,149,000.00 9,690,000.00 4,272,000.00 4,295,000.00
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 2,789,000.00 2,744,000.00 2,696,000.00 2,700,000.00 2,945,000.00
Average Shares Outstanding Diluted 2,866,000.00 2,823,000.00 2,766,000.00 2,786,000.00 3,022,000.00
Breakdown 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Operating Cash Flow 20,821,000.00 18,673,000.00 17,165,000.00 9,539,000.00 15,887,000.00
   Operating Net Income 12,443,000.00 10,467,000.00 8,503,000.00 6,717,000.00 13,746,000.00
   Deprecation and Amortization 8,481,000.00 9,149,000.00 9,690,000.00 4,272,000.00 4,295,000.00
   Deferred Income Tax -1,637,000.00 -2,139,000.00 -2,167,000.00 -1,146,000.00 -2,425,000.00
   Share Based Compensation 4,674,000.00 3,974,000.00 3,547,000.00 2,613,000.00 1,837,000.00
   Change in Working Capital -118,000.00 952,000.00 462,000.00 472,000.00 -1,843,000.00
   Other Operating Activities -3,022,000.00 -3,730,000.00 -2,870,000.00 -3,389,000.00 277,000.00
Investing Cash Flow -21,711,000.00 -7,360,000.00 -36,484,000.00 11,220,000.00 -13,098,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 21,215,000.00 6,866,000.00 8,695,000.00 4,511,000.00 2,135,000.00
   Net Purchase/Sale of Investments Net 2,048,000.00 1,575,000.00 2,294,000.00 36,423,000.00 65,042,000.00
   Net Purchase/Sale of Business 0 63,000.00 27,721,000.00 148,000.00 41,000.00
   Other Investing Activities -44,974,000.00 -15,864,000.00 -75,194,000.00 -29,862,000.00 -80,316,000.00
Financing Cash Flow 1,098,000.00 -10,554,000.00 7,910,000.00 -29,126,000.00 -10,378,000.00
   Net Issuance/Repayment of Debt 37,278,000.00 3,333,000.00 55,044,000.00 8,250,000.00 17,565,000.00
   Net Issuance/Repurchase of Equity 1,253,000.00 1,944,000.00 2,492,000.00 16,730,000.00 22,720,000.00
   Dividends Paid 4,743,000.00 4,391,000.00 3,668,000.00 3,457,000.00 3,063,000.00
   Other Financing Activities -42,176,000.00 -20,222,000.00 -53,294,000.00 -57,563,000.00 -53,726,000.00
Net Change in Cash 332,000.00 689,000.00 -11,618,000.00 -8,715,000.00 -7,141,000.00
   Cash at Beginning of Period 10,454,000.00 9,765,000.00 21,383,000.00 30,098,000.00 37,239,000.00
   Cash at End of Period 10,786,000.00 10,454,000.00 9,765,000.00 21,383,000.00 30,098,000.00
Free Cash Flow 0 0 0 0 0
Breakdown 2025-11-30 2025-08-31 2025-05-31 2025-02-28 2024-11-30 2024-08-31 2024-05-31 2024-02-29 2023-11-30 2023-08-31 2023-05-31 2023-02-28 2022-11-30 2022-08-31 2022-05-31 2022-02-28 2021-11-30 2021-08-31 2021-05-31 2021-02-28
Assets 204,984,000.00 180,449,000.00 168,361,000.00 161,378,000.00 148,483,000.00 144,214,000.00 140,976,000.00 137,082,000.00 134,324,000.00 136,662,000.00 134,384,000.00 131,620,000.00 128,469,000.00 130,309,000.00 109,297,000.00 108,644,000.00 106,897,000.00 122,924,000.00 131,107,000.00 118,109,000.00
   Current Assets 34,366,000.00 24,634,000.00 24,579,000.00 30,116,000.00 23,503,000.00 23,072,000.00 22,554,000.00 21,063,000.00 19,289,000.00 22,166,000.00 21,004,000.00 18,696,000.00 17,561,000.00 21,004,000.00 31,633,000.00 31,675,000.00 31,078,000.00 47,117,000.00 55,567,000.00 43,744,000.00
      Cash and Short-Term Investments 19,766,000.00 11,005,000.00 11,203,000.00 17,823,000.00 11,311,000.00 10,911,000.00 10,661,000.00 9,904,000.00 8,690,000.00 12,083,000.00 10,187,000.00 8,769,000.00 7,350,000.00 11,220,000.00 21,902,000.00 23,389,000.00 22,838,000.00 39,310,000.00 46,554,000.00 35,864,000.00
            Cash and Cash Equivalents 19,241,000.00 10,445,000.00 10,786,000.00 17,406,000.00 10,941,000.00 10,616,000.00 10,454,000.00 9,481,000.00 8,244,000.00 11,613,000.00 9,765,000.00 8,219,000.00 6,813,000.00 10,448,000.00 21,383,000.00 22,682,000.00 17,938,000.00 23,059,000.00 30,098,000.00 22,321,000.00
            Short-Term Investments 525,000.00 560,000.00 417,000.00 417,000.00 370,000.00 295,000.00 207,000.00 423,000.00 446,000.00 470,000.00 422,000.00 550,000.00 537,000.00 772,000.00 519,000.00 707,000.00 4,900,000.00 16,251,000.00 16,456,000.00 13,543,000.00
      Net Receivables 9,440,000.00 8,843,000.00 8,558,000.00 8,051,000.00 8,177,000.00 8,021,000.00 7,874,000.00 7,297,000.00 6,804,000.00 6,519,000.00 6,915,000.00 6,213,000.00 6,197,000.00 5,937,000.00 5,953,000.00 4,588,000.00 4,462,000.00 4,482,000.00 5,409,000.00 4,637,000.00
      Inventory 0 0 303,000.00 0 0 0 334,000.00 0 0 0 298,000.00 0 0 0 314,000.00 0 0 0 142,000.00 0
      Other Current Assets 5,160,000.00 4,786,000.00 4,515,000.00 4,242,000.00 4,015,000.00 4,140,000.00 3,685,000.00 3,862,000.00 3,795,000.00 3,564,000.00 3,604,000.00 3,714,000.00 4,014,000.00 3,847,000.00 3,464,000.00 3,698,000.00 3,778,000.00 3,325,000.00 3,462,000.00 3,243,000.00
   Non-Current Assets 170,618,000.00 155,815,000.00 143,782,000.00 131,262,000.00 124,980,000.00 121,142,000.00 118,422,000.00 116,019,000.00 115,035,000.00 114,496,000.00 113,380,000.00 112,924,000.00 110,908,000.00 109,305,000.00 77,664,000.00 76,969,000.00 75,819,000.00 75,807,000.00 75,540,000.00 74,365,000.00
      Property, Plant, Equipment Net 86,268,000.00 69,173,000.00 56,667,000.00 43,670,000.00 26,432,000.00 23,094,000.00 28,836,000.00 19,117,000.00 18,009,000.00 17,644,000.00 21,669,000.00 16,345,000.00 14,351,000.00 12,280,000.00 13,216,000.00 8,609,000.00 8,029,000.00 7,610,000.00 9,649,000.00 6,816,000.00
      Goodwill 62,207,000.00 62,211,000.00 62,207,000.00 62,171,000.00 62,204,000.00 62,249,000.00 62,230,000.00 62,222,000.00 62,231,000.00 62,206,000.00 62,261,000.00 61,499,000.00 61,513,000.00 61,629,000.00 43,811,000.00 43,833,000.00 43,842,000.00 43,862,000.00 43,935,000.00 43,954,000.00
      Intangible Assets 3,760,000.00 4,167,000.00 4,587,000.00 5,131,000.00 5,679,000.00 6,270,000.00 6,890,000.00 7,629,000.00 8,378,000.00 9,074,000.00 9,837,000.00 10,707,000.00 11,593,000.00 12,499,000.00 1,440,000.00 1,688,000.00 1,881,000.00 2,181,000.00 2,430,000.00 2,754,000.00
      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 11,531,000.00 11,734,000.00 11,877,000.00 11,799,000.00 11,984,000.00 12,219,000.00 12,273,000.00 12,688,000.00 12,758,000.00 12,243,000.00 12,226,000.00 12,153,000.00 12,091,000.00 12,065,000.00 12,782,000.00 13,109,000.00 13,265,000.00 13,391,000.00 13,636,000.00 13,725,000.00
      Other Non-Current Assets 6,852,000.00 8,530,000.00 8,444,000.00 8,491,000.00 18,681,000.00 17,310,000.00 8,193,000.00 14,363,000.00 13,659,000.00 13,329,000.00 7,387,000.00 12,220,000.00 11,360,000.00 10,832,000.00 6,415,000.00 9,730,000.00 8,802,000.00 8,763,000.00 5,890,000.00 7,116,000.00
Liabilities 174,527,000.00 155,783,000.00 147,392,000.00 144,117,000.00 134,247,000.00 132,945,000.00 131,737,000.00 130,900,000.00 129,946,000.00 133,821,000.00 132,828,000.00 133,532,000.00 132,245,000.00 135,758,000.00 115,065,000.00 116,855,000.00 116,555,000.00 124,054,000.00 125,155,000.00 108,472,000.00
   Current Liabilities 37,795,000.00 39,874,000.00 32,643,000.00 29,623,000.00 29,052,000.00 32,045,000.00 31,544,000.00 24,885,000.00 24,407,000.00 25,357,000.00 23,090,000.00 22,880,000.00 27,106,000.00 34,819,000.00 19,511,000.00 20,833,000.00 18,881,000.00 23,071,000.00 24,164,000.00 20,250,000.00
      Payables and Expenses 12,087,000.00 9,997,000.00 7,356,000.00 4,262,000.00 4,332,000.00 3,979,000.00 4,273,000.00 3,454,000.00 2,813,000.00 2,852,000.00 3,257,000.00 3,346,000.00 3,427,000.00 3,419,000.00 3,261,000.00 2,750,000.00 2,537,000.00 2,219,000.00 2,762,000.00 2,496,000.00
            Account Payables 10,140,000.00 8,203,000.00 5,113,000.00 2,423,000.00 2,679,000.00 2,207,000.00 2,357,000.00 1,658,000.00 1,107,000.00 1,034,000.00 1,204,000.00 1,610,000.00 1,647,000.00 1,461,000.00 1,317,000.00 1,124,000.00 1,034,000.00 749,000.00 745,000.00 812,000.00
            Current Accrued Liabilities 1,947,000.00 1,794,000.00 2,243,000.00 1,839,000.00 1,653,000.00 1,772,000.00 1,916,000.00 1,796,000.00 1,706,000.00 1,818,000.00 2,053,000.00 1,736,000.00 1,780,000.00 1,958,000.00 1,944,000.00 1,626,000.00 1,503,000.00 1,470,000.00 2,017,000.00 1,684,000.00
      Short-Term Debt 8,091,000.00 9,079,000.00 7,271,000.00 8,167,000.00 8,162,000.00 9,201,000.00 10,605,000.00 5,510,000.00 6,321,000.00 4,499,000.00 4,061,000.00 5,415,000.00 9,746,000.00 16,097,000.00 3,749,000.00 6,248,000.00 4,998,000.00 6,748,000.00 8,250,000.00 5,758,000.00
      Other Current Liabilities 17,617,000.00 20,798,000.00 18,016,000.00 17,194,000.00 16,558,000.00 18,865,000.00 16,666,000.00 15,921,000.00 15,273,000.00 18,006,000.00 15,772,000.00 14,119,000.00 13,933,000.00 15,303,000.00 12,501,000.00 11,835,000.00 11,346,000.00 14,104,000.00 13,152,000.00 11,996,000.00
   Non-Current Liabilities 136,732,000.00 115,909,000.00 114,749,000.00 114,494,000.00 105,195,000.00 100,900,000.00 100,193,000.00 106,015,000.00 105,539,000.00 108,464,000.00 109,738,000.00 110,652,000.00 105,139,000.00 100,939,000.00 95,554,000.00 96,022,000.00 97,674,000.00 100,983,000.00 100,991,000.00 88,222,000.00
      Long-Term Debt 116,295,000.00 96,330,000.00 96,833,000.00 88,109,000.00 80,462,000.00 75,314,000.00 76,264,000.00 82,470,000.00 82,468,000.00 84,442,000.00 86,420,000.00 86,396,000.00 81,173,000.00 75,480,000.00 72,110,000.00 72,165,000.00 73,433,000.00 75,970,000.00 75,995,000.00 63,541,000.00
      Other Non-Current Liabilities 20,437,000.00 19,579,000.00 17,916,000.00 26,385,000.00 24,733,000.00 25,586,000.00 23,929,000.00 23,545,000.00 23,071,000.00 24,022,000.00 23,318,000.00 24,256,000.00 23,966,000.00 25,459,000.00 23,444,000.00 23,857,000.00 24,241,000.00 25,013,000.00 24,996,000.00 24,681,000.00
Equity 30,457,000.00 24,666,000.00 20,969,000.00 17,261,000.00 14,236,000.00 11,269,000.00 9,239,000.00 6,182,000.00 4,378,000.00 2,841,000.00 1,556,000.00 -1,912,000.00 -3,776,000.00 -5,449,000.00 -5,768,000.00 -8,211,000.00 -9,658,000.00 -1,130,000.00 5,952,000.00 9,637,000.00
   Shareholders Equity 29,951,000.00 24,154,000.00 20,451,000.00 16,730,000.00 13,746,000.00 10,816,000.00 8,704,000.00 5,623,000.00 3,866,000.00 2,370,000.00 1,073,000.00 -2,421,000.00 -4,246,000.00 -5,875,000.00 -6,220,000.00 -8,696,000.00 -10,101,000.00 -1,541,000.00 5,238,000.00 8,900,000.00
      Capital Stock 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Share Premium 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Retained Earnings -9,355,000.00 -14,054,000.00 -15,481,000.00 -17,368,000.00 -19,045,000.00 -20,939,000.00 -22,628,000.00 -24,533,000.00 -25,431,000.00 -26,428,000.00 -27,620,000.00 -29,721,000.00 -30,617,000.00 -31,134,000.00 -31,336,000.00 -33,147,000.00 -34,076,000.00 -25,679,000.00 -20,120,000.00 -16,206,000.00
      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 -1,271,000.00 -1,170,000.00 -1,175,000.00 -1,593,000.00 -1,519,000.00 -1,328,000.00 -1,432,000.00 -1,466,000.00 -1,427,000.00 -1,497,000.00 -1,522,000.00 -1,694,000.00 -1,777,000.00 -1,965,000.00 -1,692,000.00 -1,678,000.00 -1,616,000.00 -1,396,000.00 -1,175,000.00 -1,155,000.00
   Minority Interest 506,000.00 512,000.00 518,000.00 531,000.00 490,000.00 453,000.00 535,000.00 559,000.00 512,000.00 471,000.00 483,000.00 509,000.00 470,000.00 426,000.00 452,000.00 485,000.00 443,000.00 411,000.00 714,000.00 737,000.00
Investments 525,000.00 560,000.00 417,000.00 417,000.00 370,000.00 295,000.00 207,000.00 423,000.00 446,000.00 470,000.00 422,000.00 550,000.00 537,000.00 772,000.00 519,000.00 707,000.00 4,900,000.00 16,251,000.00 16,456,000.00 13,543,000.00
Debt 124,386,000.00 105,409,000.00 104,104,000.00 96,276,000.00 88,624,000.00 84,515,000.00 86,869,000.00 87,980,000.00 88,789,000.00 88,941,000.00 90,481,000.00 91,811,000.00 90,919,000.00 91,577,000.00 75,859,000.00 78,413,000.00 78,431,000.00 82,718,000.00 84,245,000.00 69,299,000.00
Net Debt 104,620,000.00 94,404,000.00 92,901,000.00 78,453,000.00 77,313,000.00 73,604,000.00 76,208,000.00 78,076,000.00 80,099,000.00 76,858,000.00 80,294,000.00 83,042,000.00 83,569,000.00 80,357,000.00 53,957,000.00 55,024,000.00 55,593,000.00 43,408,000.00 37,691,000.00 33,435,000.00
Common Shares Outstanding 2,873,000.00 2,841,000.00 2,807,000.00 2,803,000.00 2,796,000.00 2,771,000.00 2,755,000.00 2,747,000.00 2,748,000.00 2,739,000.00 2,713,000.00 2,700,000.00 2,695,000.00 2,696,000.00 2,665,000.00 2,668,000.00 2,671,000.00 2,743,000.00 2,814,000.00 2,895,000.00
Breakdown 2025-11-30 2025-08-31 2025-05-31 2025-02-28 2024-11-30 2024-08-31 2024-05-31 2024-02-29 2023-11-30 2023-08-31 2023-05-31 2023-02-28 2022-11-30 2022-08-31 2022-05-31 2022-02-28 2021-11-30 2021-08-31 2021-02-28
Revenues 30,983,000.00 14,926,000.00 -24,770,000.00 41,496,000.00 27,366,000.00 13,307,000.00 -23,560,000.00 38,674,000.00 25,394,000.00 12,453,000.00 -21,329,000.00 36,118,000.00 23,720,000.00 11,445,000.00 -17,975,000.00 30,600,000.00 20,087,000.00 9,728,000.00 29,254,000.00
   Selling, General and Administrative Expenses 8,778,000.00 4,291,000.00 -8,151,000.00 13,158,000.00 8,765,000.00 4,230,000.00 -8,471,000.00 12,866,000.00 8,617,000.00 4,273,000.00 -9,016,000.00 13,704,000.00 9,196,000.00 4,597,000.00 -7,125,000.00 12,112,000.00 7,925,000.00 3,867,000.00 11,788,000.00
   Research and Development Expenses 5,051,000.00 2,491,000.00 -4,429,000.00 7,206,000.00 4,777,000.00 2,306,000.00 -4,432,000.00 6,689,000.00 4,442,000.00 2,216,000.00 -4,118,000.00 6,397,000.00 4,251,000.00 2,093,000.00 -3,157,000.00 5,254,000.00 3,438,000.00 1,684,000.00 4,812,000.00
Operating Income 44,012,000.00 21,217,000.00 -36,303,000.00 61,525,000.00 40,485,000.00 19,653,000.00 -32,086,000.00 55,923,000.00 36,504,000.00 17,702,000.00 -28,169,000.00 50,763,000.00 33,068,000.00 15,755,000.00 -23,633,000.00 44,654,000.00 27,706,000.00 15,453,000.00 47,828,000.00
Interest Income 2,275,000.00 1,026,000.00 -1,828,000.00 3,018,000.00 1,991,000.00 975,000.00 -2,088,000.00 3,016,000.00 2,029,000.00 1,008,000.00 -1,498,000.00 2,730,000.00 1,733,000.00 825,000.00 -1,407,000.00 2,107,000.00 1,424,000.00 725,000.00 1,879,000.00
Interest Expense 1,980,000.00 923,000.00 -1,572,000.00 2,600,000.00 1,708,000.00 842,000.00 -1,754,000.00 2,636,000.00 1,760,000.00 872,000.00 -1,475,000.00 2,550,000.00 1,643,000.00 787,000.00 -1,385,000.00 2,051,000.00 1,384,000.00 705,000.00 1,799,000.00
Net Interest 295,000.00 103,000.00 -256,000.00 418,000.00 283,000.00 133,000.00 -334,000.00 380,000.00 269,000.00 136,000.00 -23,000.00 180,000.00 90,000.00 38,000.00 -22,000.00 56,000.00 40,000.00 20,000.00 80,000.00
EBT 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Income Tax 707,000.00 500,000.00 5,000.00 992,000.00 480,000.00 240,000.00 421,000.00 636,000.00 172,000.00 45,000.00 -829,000.00 833,000.00 511,000.00 108,000.00 186,000.00 497,000.00 25,000.00 224,000.00 871,000.00
Net Income Including Non-Controlling Interests 0 0 12,627,000.00 0 0 0 10,653,000.00 0 0 0 8,668,000.00 0 0 0 6,901,000.00 0 0 0 0
Net Income Non-Controlling Interests 0 0 -184,000.00 0 0 0 -186,000.00 0 0 0 -165,000.00 0 0 0 -184,000.00 0 0 0 0
Net Income 9,062,000.00 2,927,000.00 -5,582,000.00 9,016,000.00 6,080,000.00 2,929,000.00 -4,199,000.00 7,323,000.00 4,923,000.00 2,420,000.00 -1,518,000.00 5,184,000.00 3,289,000.00 1,548,000.00 -477,000.00 3,528,000.00 1,209,000.00 2,457,000.00 9,714,000.00
Deprecation and Amortization 3,881,000.00 1,771,000.00 -352,000.00 4,478,000.00 2,927,000.00 1,428,000.00 -4,487,000.00 6,852,000.00 4,546,000.00 2,238,000.00 -4,719,000.00 7,234,000.00 4,790,000.00 2,385,000.00 -2,080,000.00 3,173,000.00 2,119,000.00 1,060,000.00 3,201,000.00
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 2,845,000.00 2,826,000.00 2,837,000.00 2,783,000.00 2,775,000.00 2,761,000.00 2,770,000.00 2,741,000.00 2,737,000.00 2,728,000.00 2,717,000.00 2,692,000.00 2,690,000.00 2,685,000.00 2,589,000.00 2,711,000.00 2,731,000.00 2,769,000.00 2,977,000.00
Average Shares Outstanding Diluted 2,916,000.00 2,909,000.00 2,888,000.00 2,865,000.00 2,860,000.00 2,851,000.00 2,829,000.00 2,820,000.00 2,820,000.00 2,823,000.00 2,813,000.00 2,757,000.00 2,747,000.00 2,747,000.00 2,660,000.00 2,800,000.00 2,823,000.00 2,861,000.00 3,049,000.00
Breakdown 2025-11-30 2025-08-31 2025-05-31 2025-02-28 2024-11-30 2024-08-31 2024-05-31 2024-02-29 2023-11-30 2023-08-31 2023-05-31 2023-02-28 2022-11-30 2022-08-31 2022-05-31 2022-02-28 2021-11-30 2021-08-31 2021-02-28
Operating Cash Flow 10,206,000.00 8,140,000.00 -10,001,000.00 14,664,000.00 8,731,000.00 7,427,000.00 -8,010,000.00 12,592,000.00 7,117,000.00 6,974,000.00 -7,990,000.00 11,518,000.00 7,243,000.00 6,394,000.00 -3,115,000.00 5,554,000.00 1,709,000.00 5,391,000.00 11,045,000.00
   Operating Net Income 9,062,000.00 2,927,000.00 -5,582,000.00 9,016,000.00 6,080,000.00 2,929,000.00 -4,199,000.00 7,323,000.00 4,923,000.00 2,420,000.00 -1,518,000.00 5,184,000.00 3,289,000.00 1,548,000.00 -477,000.00 3,528,000.00 1,209,000.00 2,457,000.00 9,714,000.00
   Deprecation and Amortization 3,881,000.00 1,771,000.00 -352,000.00 4,478,000.00 2,927,000.00 1,428,000.00 -4,487,000.00 6,852,000.00 4,546,000.00 2,238,000.00 -4,719,000.00 7,234,000.00 4,790,000.00 2,385,000.00 -2,080,000.00 3,173,000.00 2,119,000.00 1,060,000.00 3,201,000.00
   Deferred Income Tax 332,000.00 515,000.00 212,000.00 -1,097,000.00 -601,000.00 -151,000.00 1,182,000.00 -1,755,000.00 -1,049,000.00 -517,000.00 282,000.00 -1,253,000.00 -852,000.00 -344,000.00 672,000.00 -983,000.00 -820,000.00 -15,000.00 -2,475,000.00
   Share Based Compensation 2,280,000.00 1,124,000.00 -1,883,000.00 3,374,000.00 2,176,000.00 1,007,000.00 -1,680,000.00 2,927,000.00 1,878,000.00 849,000.00 -1,445,000.00 2,583,000.00 1,659,000.00 750,000.00 -1,058,000.00 1,900,000.00 1,226,000.00 545,000.00 1,395,000.00
   Change in Working Capital -2,526,000.00 2,345,000.00 773,000.00 -1,478,000.00 -1,456,000.00 2,043,000.00 1,586,000.00 -533,000.00 -1,838,000.00 1,737,000.00 855,000.00 -1,172,000.00 -595,000.00 1,374,000.00 4,788,000.00 -2,027,000.00 -2,432,000.00 143,000.00 -3,129,000.00
   Other Operating Activities -2,823,000.00 -542,000.00 -3,169,000.00 371,000.00 -395,000.00 171,000.00 -412,000.00 -2,222,000.00 -1,343,000.00 247,000.00 -1,445,000.00 -1,058,000.00 -1,048,000.00 681,000.00 -4,960,000.00 -37,000.00 407,000.00 1,201,000.00 2,339,000.00
Investing Cash Flow -16,432,000.00 -8,718,000.00 136,000.00 -12,529,000.00 -6,553,000.00 -2,765,000.00 1,607,000.00 -4,594,000.00 -2,811,000.00 -1,562,000.00 59,918,000.00 -34,872,000.00 -32,094,000.00 -29,436,000.00 -10,329,000.00 12,381,000.00 9,949,000.00 -781,000.00 -9,187,000.00
   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 20,535,000.00 8,502,000.00 504,000.00 12,135,000.00 6,273,000.00 2,303,000.00 -910,000.00 4,068,000.00 2,394,000.00 1,314,000.00 -3,960,000.00 6,782,000.00 4,154,000.00 1,719,000.00 -1,626,000.00 3,088,000.00 1,987,000.00 1,062,000.00 1,418,000.00
   Net Purchase/Sale of Investments Net 5,371,000.00 726,000.00 -718,000.00 1,282,000.00 992,000.00 492,000.00 -396,000.00 881,000.00 672,000.00 418,000.00 -439,000.00 1,473,000.00 1,065,000.00 195,000.00 -46,367,000.00 35,869,000.00 31,248,000.00 15,673,000.00 45,810,000.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 -55,000.00 59,000.00 59,000.00 0 -55,597,000.00 27,721,000.00 27,799,000.00 27,798,000.00 -84,000.00 132,000.00 50,000.00 50,000.00 29,000.00
   Other Investing Activities -42,338,000.00 -17,946,000.00 350,000.00 -25,946,000.00 -13,818,000.00 -5,560,000.00 2,968,000.00 -9,602,000.00 -5,936,000.00 -3,294,000.00 119,914,000.00 -70,848,000.00 -65,112,000.00 -59,148,000.00 37,748,000.00 -26,708,000.00 -23,336,000.00 -17,566,000.00 -56,444,000.00
Financing Cash Flow 14,697,000.00 210,000.00 2,418,000.00 4,912,000.00 -1,647,000.00 -4,585,000.00 7,071,000.00 -8,280,000.00 -5,817,000.00 -3,528,000.00 -25,205,000.00 10,350,000.00 10,455,000.00 12,310,000.00 30,963,000.00 -25,100,000.00 -23,521,000.00 -11,468,000.00 -17,176,000.00
   Net Issuance/Repayment of Debt 20,002,000.00 1,290,000.00 -26,439,000.00 28,923,000.00 21,141,000.00 13,653,000.00 -7,914,000.00 4,436,000.00 5,249,000.00 1,562,000.00 -74,155,000.00 56,418,000.00 46,852,000.00 25,929,000.00 -4,750,000.00 5,750,000.00 5,750,000.00 1,500,000.00 2,631,000.00
   Net Issuance/Repurchase of Equity 1,403,000.00 1,265,000.00 -653,000.00 970,000.00 607,000.00 329,000.00 -1,044,000.00 1,504,000.00 1,026,000.00 458,000.00 -2,145,000.00 1,909,000.00 1,661,000.00 1,067,000.00 -22,730,000.00 16,011,000.00 15,306,000.00 8,143,000.00 13,873,000.00
   Dividends Paid 2,848,000.00 1,413,000.00 -1,921,000.00 3,340,000.00 2,221,000.00 1,103,000.00 -2,179,000.00 3,289,000.00 2,190,000.00 1,091,000.00 -1,501,000.00 2,586,000.00 1,723,000.00 860,000.00 -1,781,000.00 2,603,000.00 1,748,000.00 887,000.00 2,146,000.00
   Other Financing Activities -9,556,000.00 -3,758,000.00 31,431,000.00 -28,321,000.00 -25,616,000.00 -19,670,000.00 18,208,000.00 -17,509,000.00 -14,282,000.00 -6,639,000.00 52,596,000.00 -50,563,000.00 -39,781,000.00 -15,546,000.00 60,224,000.00 -49,464,000.00 -46,325,000.00 -21,998,000.00 -35,826,000.00
Net Change in Cash 8,455,000.00 -341,000.00 -7,269,000.00 6,952,000.00 487,000.00 162,000.00 646,000.00 -284,000.00 -1,521,000.00 1,848,000.00 27,051,000.00 -13,164,000.00 -14,570,000.00 -10,935,000.00 17,900,000.00 -7,416,000.00 -12,160,000.00 -7,039,000.00 -14,918,000.00
   Cash at Beginning of Period 10,786,000.00 10,786,000.00 18,055,000.00 10,454,000.00 10,454,000.00 10,454,000.00 9,808,000.00 9,765,000.00 9,765,000.00 9,765,000.00 -17,286,000.00 21,383,000.00 21,383,000.00 21,383,000.00 3,483,000.00 30,098,000.00 30,098,000.00 30,098,000.00 37,239,000.00
   Cash at End of Period 19,241,000.00 10,445,000.00 10,786,000.00 17,406,000.00 10,941,000.00 10,616,000.00 10,454,000.00 9,481,000.00 8,244,000.00 11,613,000.00 9,765,000.00 8,219,000.00 6,813,000.00 10,448,000.00 21,383,000.00 22,682,000.00 17,938,000.00 23,059,000.00 22,321,000.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0