Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 22.59 26.16 26.28 29.92 32.32
Price to Sales 2.61 2.59 2.40 2.60 2.29
Book Value Per Common Share -11.05 -11.27 -11.18 -8.34 -8.40
Price to Book -8.38 -7.94 -7.00 -10.44 -8.04
Price to Operating Cash Flow 23.80 22.62 21.08 21.28 19.77
Price to Free Cash Flow
Enterprise Value to EBITDA 169036.11 164350.49 153728.82 164564.13 160333.16
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
Price to Earnings 35.58 61.50 169.18 31.98 50.66 114.10 30.65 52.05 105.50 28.11 47.43 105.41 36.57 55.25 96.41
Price to Sales 3.38 5.63 12.22 3.95 5.53 11.70 3.13 5.21 10.45 2.62 4.33 9.56 3.29 4.94 8.67
Book Value Per Common Share -13.77 -13.58 -12.93 -11.05 -12.17 -12.49 -12.40 -11.27 -11.60 -11.73 -11.72 -11.18 -11.66 -11.82 -11.86 -8.34 -8.99 -8.97 -9.11 -8.40
Price to Book -6.64 -7.29 -7.98 -8.38 -8.54 -7.71 -8.01 -7.94 -6.92 -7.59 -7.20 -7.00 -5.47 -5.98 -6.49 -10.44 -9.15 -9.11 -7.51 -8.04
Price to Operating Cash Flow 46.21 96.60 215.40 47.95 81.19 235.24 32.17 50.84 125.78 24.52 34.86 64.77 23.94 31.44 50.50
Price to Free Cash Flow
Enterprise Value to EBITDA 211995.03 362255.05 880210.77 230238.23 320079.77 685261.19 183683.55 309816.75 624419.95 159617.31 269674.02 569679.07 199532.67 298854.38 525446.17

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 19.88 14.77 2.41 39.23
Revenue YoY 0.37 3.83 -4.29 12.09
EBITDA YoY 1.01 7.21 -3.52 25.96
Net Profit YoY 17.00 12.21 0.56 37.53
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 59.63 163.93 71.05 118.39 53.22 113.75 52.35 104.11 52.03 108.45
Revenue YoY 53.13 107.31 50.41 104.77 49.86 111.18 48.45 102.17 50.92 108.60
EBITDA YoY 57.22 132.26 49.63 106.98 51.85 112.14 51.99 93.37 50.26 110.38
Net Profit YoY 58.81 161.73 70.31 117.56 53.18 113.60 51.27 103.22 52.21 105.84

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 5.73 3.10 2.84 8.12 4.11
Quick Ratio 0.74 0.74 0.67 1.07 0.73
Current Ratio 0.99 0.99 0.90 1.32 0.98
Debt to Equity -3.39 -3.14 -3.11 -5.11 -4.61
Long-Term Debt to Equity -1.75 -1.77 -1.64 -3.02 -2.36
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 2.13 1.74 4.84 5.24 2.05 2.33 2.18 2.92 3.97 2.95 2.70 2.74 2.47 2.91 7.25 7.99 3.62 4.47 4.00 4.11
Quick Ratio 0.65 0.61 0.70 0.74 0.55 0.58 0.72 0.74 0.75 0.66 0.66 0.67 0.69 0.70 1.02 1.07 0.75 0.76 0.76 0.73
Current Ratio 0.94 0.88 0.94 0.99 0.80 0.79 0.97 0.99 1.00 0.90 0.90 0.90 0.97 0.97 1.26 1.32 1.00 0.99 0.99 0.98
Debt to Equity -3.04 -3.02 -3.24 -3.39 -3.15 -3.02 -3.03 -3.14 -3.25 -3.19 -3.12 -3.11 -2.97 -3.09 -5.01 -5.11 -4.24 -4.34 -4.20 -4.61
Long-Term Debt to Equity -1.70 -1.62 -1.66 -1.75 -1.45 -1.40 -1.72 -1.77 -1.79 -1.64 -1.65 -1.64 -1.71 -1.75 -2.89 -3.02 -2.27 -2.27 -2.25 -2.36

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 14.54 13.90 12.76 10.15 8.33
ROE -34.79 -29.79 -26.87 -41.76 -30.10
Gross Margin -110.06 29.51 28.64 29.33 7.93
Operating Margin 15.58 15.38 14.82 14.67 12.82
EBITDA Margin 16.85 16.74 16.21 16.09 14.31
Net Profit Margin 11.54 9.90 9.16 8.71 7.10
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 9.38 6.06 2.17 12.75 7.79 3.61 10.42 6.98 3.36 10.23 6.38 2.64 9.22 5.84 2.93
ROE -19.11 -12.22 -4.87 -27.36 -15.73 -7.33 -23.49 -15.29 -7.14 -20.20 -13.30 -10.57 -29.85 -19.48 -9.37
Gross Margin -108.35 -108.88 -108.93 30.09 29.94 29.91 29.51 29.42 29.77 28.89 28.82 29.47 29.40 29.46 29.90
Operating Margin 14.74 14.31 12.63 15.92 16.06 15.80 15.67 15.41 15.33 15.02 14.65 15.38 15.05 15.11 14.91
EBITDA Margin 15.97 15.55 13.88 17.17 17.26 17.08 17.04 16.81 16.74 16.44 16.05 16.78 16.47 16.54 16.40
Net Profit Margin 9.50 9.16 7.25 12.36 10.91 10.27 10.23 10.01 9.89 9.33 9.16 9.11 8.99 8.92 9.04

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 11,316,000.00 10,117,000.00 9,819,000.00 12,279,000.00 10,873,000.00
   Current Assets 7,670,000.00 6,400,000.00 6,143,000.00 8,261,000.00 6,660,000.00
      Cash and Short-Term Investments 2,300,000.00 1,274,000.00 1,194,000.00 3,475,000.00 1,782,000.00
            Cash and Cash Equivalents 2,300,000.00 1,274,000.00 1,194,000.00 3,475,000.00 1,782,000.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 3,428,000.00 3,538,000.00 3,357,000.00 3,232,000.00 3,148,000.00
      Inventory 557,000.00 612,000.00 617,000.00 622,000.00 659,000.00
      Other Current Assets 1,385,000.00 976,000.00 975,000.00 932,000.00 1,071,000.00
   Non-Current Assets 3,646,000.00 3,717,000.00 3,676,000.00 4,018,000.00 4,213,000.00
      Property, Plant, Equipment Net 1,123,000.00 1,143,000.00 1,168,000.00 1,300,000.00 1,316,000.00
      Goodwill 1,548,000.00 1,588,000.00 1,567,000.00 1,667,000.00 1,773,000.00
      Intangible Assets 311,000.00 335,000.00 369,000.00 419,000.00 484,000.00
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 302,000.00 323,000.00 285,000.00 335,000.00 330,000.00
      Other Non-Current Assets 362,000.00 328,000.00 287,000.00 297,000.00 310,000.00
Liabilities 16,044,000.00 14,837,000.00 14,483,000.00 15,263,000.00 13,883,000.00
   Current Liabilities 7,749,000.00 6,479,000.00 6,843,000.00 6,247,000.00 6,783,000.00
      Payables and Expenses 3,800,000.00 3,751,000.00 3,511,000.00 3,549,000.00 3,430,000.00
            Account Payables 1,879,000.00 1,878,000.00 1,717,000.00 1,556,000.00 1,453,000.00
            Current Accrued Liabilities 1,921,000.00 1,873,000.00 1,794,000.00 1,993,000.00 1,977,000.00
      Short-Term Debt 1,351,000.00 32,000.00 670,000.00 96,000.00 2,804,000.00
      Other Current Liabilities 2,598,000.00 2,696,000.00 2,662,000.00 2,602,000.00 549,000.00
   Non-Current Liabilities 8,295,000.00 8,358,000.00 7,640,000.00 9,016,000.00 7,100,000.00
      Long-Term Debt 7,271,000.00 7,158,000.00 6,413,000.00 7,585,000.00 5,629,000.00
      Other Non-Current Liabilities 1,024,000.00 1,200,000.00 1,227,000.00 1,431,000.00 1,471,000.00
Equity -4,728,000.00 -4,720,000.00 -4,664,000.00 -2,984,000.00 -3,010,000.00
   Shareholders Equity -4,848,000.00 -4,924,000.00 -4,870,000.00 -3,625,000.00 -3,641,000.00
      Capital Stock 265,000.00 213,000.00 162,000.00 119,000.00 59,000.00
      Share Premium 0 0 0 0 0
      Retained Earnings -978,000.00 -2,005,000.00 -2,865,000.00 -2,256,000.00 -3,076,000.00
      Treasury Shares 3,390,000.00 2,382,000.00 1,575,000.00 725,000.00 0
      Accumulated Other Comprehensive Income -745,000.00 -750,000.00 -592,000.00 -763,000.00 -815,000.00
   Minority Interest 63,000.00 69,000.00 71,000.00 481,000.00 548,000.00
Debt 8,622,000.00 7,190,000.00 7,083,000.00 7,681,000.00 8,433,000.00
Net Debt 6,322,000.00 5,916,000.00 5,889,000.00 4,206,000.00 6,651,000.00
Common Shares Outstanding 438,600.00 437,000.00 435,600.00 434,700.00 433,400.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 14,261,000.00 14,209,000.00 13,685,000.00 14,298,000.00 12,756,000.00
Cost Of Revenue 29,956,000.00 10,016,000.00 9,765,000.00 10,105,000.00 11,744,000.00
Gross Profit -15,695,000.00 4,193,000.00 3,920,000.00 4,193,000.00 1,012,000.00
Operating Expenses -23,237,000.00 -2,509,000.00 -2,293,000.00 -2,244,000.00 -4,195,000.00
   Selling, General and Administrative Expenses 5,129,000.00 1,884,000.00 1,763,000.00 1,948,000.00 1,924,000.00
   Research and Development Expenses 152,000.00 144,000.00 150,000.00 159,000.00 152,000.00
   Other Operating Expenses -28,518,000.00 -4,537,000.00 -4,206,000.00 -4,351,000.00 -6,271,000.00
Operating Income 7,542,000.00 6,702,000.00 6,213,000.00 6,437,000.00 5,207,000.00
Net Non-Operating Income -5,503,000.00 -4,671,000.00 -4,325,000.00 -4,476,000.00 -3,696,000.00
Interest Income 414,000.00 5,000.00 -3,000.00 0.00 2,000.00
Interest Expense 183,000.00 155,000.00 140,000.00 136,000.00 124,000.00
Net Interest 231,000.00 -150,000.00 -143,000.00 -136,000.00 -122,000.00
EBT 2,039,000.00 2,031,000.00 1,888,000.00 1,961,000.00 1,511,000.00
Income Tax 705,000.00 748,000.00 734,000.00 756,000.00 670,000.00
Net Income Including Non-Controlling Interests 1,556,000.00 1,314,000.00 1,137,000.00 1,072,000.00 756,000.00
Net Income Non-Controlling Interests 89,000.00 92,000.00 116,000.00 174,000.00 150,000.00
Net Income 1,645,000.00 1,406,000.00 1,253,000.00 1,246,000.00 906,000.00
EBIT 2,222,000.00 2,186,000.00 2,028,000.00 2,097,000.00 1,635,000.00
Deprecation and Amortization 181,000.00 193,000.00 191,000.00 203,000.00 191,000.00
EBITDA 2,403,000.00 2,379,000.00 2,219,000.00 2,300,000.00 1,826,000.00
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 401,700.00 411,400.00 420,000.00 427,700.00 433,200.00
Average Shares Outstanding Diluted 404,400.00 414,600.00 423,000.00 431,400.00 434,600.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 1,563,000.00 1,627,000.00 1,560,000.00 1,750,000.00 1,480,000.00
   Operating Net Income 1,734,000.00 1,498,000.00 1,369,000.00 1,420,000.00 1,056,000.00
   Deprecation and Amortization 181,000.00 193,000.00 191,000.00 203,000.00 191,000.00
   Deferred Income Tax -31,000.00 -61,000.00 -16,000.00 -92,000.00 -51,000.00
   Share Based Compensation 73,000.00 64,000.00 67,000.00 65,000.00 63,000.00
   Change in Working Capital 578,000.00 401,000.00 472,000.00 244,000.00 -65,000.00
   Other Operating Activities -972,000.00 -468,000.00 -523,000.00 -90,000.00 286,000.00
Investing Cash Flow -164,000.00 -183,000.00 -33,000.00 -89,000.00 -353,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 126,000.00 138,000.00 115,000.00 156,000.00 183,000.00
   Net Purchase/Sale of Investments Net -9,000.00 -19,000.00 -2,000.00 6,000.00 -3,000.00
   Net Purchase/Sale of Business 87,000.00 36,000.00 107,000.00 80,000.00 104,000.00
   Other Investing Activities -368,000.00 -338,000.00 -253,000.00 -331,000.00 -637,000.00
Financing Cash Flow -309,000.00 -1,350,000.00 -3,652,000.00 58,000.00 -844,000.00
   Net Issuance/Repayment of Debt 1,508,000.00 1,168,000.00 613,000.00 2,381,000.00 7,947,000.00
   Net Issuance/Repurchase of Equity 1,007,000.00 800,000.00 850,000.00 725,000.00 3,000.00
   Dividends Paid 700,000.00 624,000.00 583,000.00 548,000.00 409,000.00
   Other Financing Activities -3,524,000.00 -3,942,000.00 -5,698,000.00 -3,596,000.00 -9,203,000.00
Net Change in Cash 1,041,000.00 85,000.00 -2,282,000.00 1,676,000.00 342,000.00
   Cash at Beginning of Period 1,280,000.00 1,195,000.00 3,477,000.00 1,801,000.00 1,459,000.00
   Cash at End of Period 2,321,000.00 1,280,000.00 1,195,000.00 3,477,000.00 1,801,000.00
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 10,771,000.00 10,495,000.00 11,178,000.00 11,316,000.00 10,261,000.00 9,858,000.00 9,791,000.00 10,117,000.00 10,390,000.00 10,135,000.00 9,845,000.00 9,819,000.00 9,342,000.00 9,913,000.00 11,795,000.00 12,279,000.00 10,472,000.00 10,857,000.00 10,505,000.00 10,873,000.00
   Current Assets 6,612,000.00 6,387,000.00 7,435,000.00 7,670,000.00 6,495,000.00 6,238,000.00 6,138,000.00 6,400,000.00 6,749,000.00 6,417,000.00 6,153,000.00 6,143,000.00 5,829,000.00 6,150,000.00 7,844,000.00 8,261,000.00 6,375,000.00 6,681,000.00 6,346,000.00 6,660,000.00
      Cash and Short-Term Investments 840,000.00 688,000.00 1,918,000.00 2,300,000.00 827,000.00 942,000.00 884,000.00 1,274,000.00 1,636,000.00 1,219,000.00 1,117,000.00 1,194,000.00 1,041,000.00 1,230,000.00 3,076,000.00 3,475,000.00 1,553,000.00 1,923,000.00 1,725,000.00 1,782,000.00
            Cash and Cash Equivalents 840,000.00 688,000.00 1,918,000.00 2,300,000.00 827,000.00 942,000.00 884,000.00 1,274,000.00 1,636,000.00 1,219,000.00 1,117,000.00 1,194,000.00 1,041,000.00 1,230,000.00 3,076,000.00 3,475,000.00 1,553,000.00 1,923,000.00 1,725,000.00 1,782,000.00
            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 3,752,000.00 3,696,000.00 3,570,000.00 3,428,000.00 3,604,000.00 3,606,000.00 3,654,000.00 3,538,000.00 3,455,000.00 3,497,000.00 3,364,000.00 3,357,000.00 3,103,000.00 3,189,000.00 3,262,000.00 3,232,000.00 3,217,000.00 3,194,000.00 3,124,000.00 3,148,000.00
      Inventory 640,000.00 602,000.00 586,000.00 557,000.00 625,000.00 605,000.00 593,000.00 612,000.00 624,000.00 640,000.00 642,000.00 617,000.00 603,000.00 596,000.00 626,000.00 622,000.00 628,000.00 673,000.00 686,000.00 659,000.00
      Other Current Assets 1,380,000.00 1,401,000.00 1,361,000.00 1,385,000.00 1,439,000.00 1,085,000.00 1,007,000.00 976,000.00 1,034,000.00 1,061,000.00 1,030,000.00 975,000.00 1,082,000.00 1,135,000.00 880,000.00 932,000.00 977,000.00 891,000.00 811,000.00 1,071,000.00
   Non-Current Assets 4,159,000.00 4,108,000.00 3,743,000.00 3,646,000.00 3,766,000.00 3,620,000.00 3,653,000.00 3,717,000.00 3,641,000.00 3,718,000.00 3,692,000.00 3,676,000.00 3,513,000.00 3,763,000.00 3,951,000.00 4,018,000.00 4,097,000.00 4,176,000.00 4,159,000.00 4,213,000.00
      Property, Plant, Equipment Net 1,308,000.00 1,262,000.00 1,164,000.00 1,123,000.00 1,130,000.00 1,106,000.00 1,118,000.00 1,143,000.00 1,125,000.00 1,153,000.00 1,187,000.00 1,168,000.00 1,156,000.00 1,236,000.00 1,299,000.00 1,300,000.00 1,328,000.00 1,352,000.00 1,313,000.00 1,316,000.00
      Goodwill 1,699,000.00 1,707,000.00 1,588,000.00 1,548,000.00 1,630,000.00 1,553,000.00 1,575,000.00 1,588,000.00 1,547,000.00 1,579,000.00 1,570,000.00 1,567,000.00 1,448,000.00 1,550,000.00 1,636,000.00 1,667,000.00 1,702,000.00 1,742,000.00 1,727,000.00 1,773,000.00
      Intangible Assets 348,000.00 357,000.00 326,000.00 311,000.00 330,000.00 330,000.00 343,000.00 335,000.00 336,000.00 355,000.00 360,000.00 369,000.00 346,000.00 385,000.00 397,000.00 419,000.00 434,000.00 458,000.00 448,000.00 484,000.00
      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 411,000.00 392,000.00 305,000.00 302,000.00 315,000.00 302,000.00 303,000.00 323,000.00 290,000.00 284,000.00 281,000.00 285,000.00 290,000.00 306,000.00 311,000.00 335,000.00 352,000.00 334,000.00 341,000.00 330,000.00
      Other Non-Current Assets 393,000.00 390,000.00 360,000.00 362,000.00 361,000.00 329,000.00 314,000.00 328,000.00 343,000.00 347,000.00 294,000.00 287,000.00 273,000.00 286,000.00 308,000.00 297,000.00 281,000.00 290,000.00 330,000.00 310,000.00
Liabilities 16,057,000.00 15,699,000.00 16,169,000.00 16,044,000.00 15,041,000.00 14,740,000.00 14,607,000.00 14,837,000.00 15,000,000.00 14,760,000.00 14,483,000.00 14,483,000.00 14,075,000.00 14,665,000.00 14,736,000.00 15,263,000.00 13,705,000.00 14,111,000.00 13,791,000.00 13,883,000.00
   Current Liabilities 7,065,000.00 7,246,000.00 7,892,000.00 7,749,000.00 8,097,000.00 7,895,000.00 6,318,000.00 6,479,000.00 6,749,000.00 7,158,000.00 6,823,000.00 6,843,000.00 5,992,000.00 6,338,000.00 6,242,000.00 6,247,000.00 6,363,000.00 6,716,000.00 6,395,000.00 6,783,000.00
      Payables and Expenses 3,773,000.00 3,755,000.00 3,539,000.00 3,800,000.00 3,643,000.00 3,435,000.00 3,332,000.00 3,751,000.00 3,380,000.00 3,523,000.00 3,194,000.00 3,511,000.00 3,183,000.00 3,519,000.00 3,261,000.00 3,549,000.00 3,567,000.00 3,558,000.00 3,228,000.00 3,430,000.00
            Account Payables 1,758,000.00 1,739,000.00 1,618,000.00 1,879,000.00 1,779,000.00 1,716,000.00 1,641,000.00 1,878,000.00 1,655,000.00 1,744,000.00 1,515,000.00 1,717,000.00 1,521,000.00 1,616,000.00 1,507,000.00 1,556,000.00 1,662,000.00 1,569,000.00 1,459,000.00 1,453,000.00
            Current Accrued Liabilities 2,015,000.00 2,016,000.00 1,921,000.00 1,921,000.00 1,864,000.00 1,719,000.00 1,691,000.00 1,873,000.00 1,725,000.00 1,779,000.00 1,679,000.00 1,794,000.00 1,662,000.00 1,903,000.00 1,754,000.00 1,993,000.00 1,905,000.00 1,989,000.00 1,769,000.00 1,977,000.00
      Short-Term Debt 492,000.00 675,000.00 1,483,000.00 1,351,000.00 1,667,000.00 1,656,000.00 35,000.00 32,000.00 585,000.00 746,000.00 646,000.00 670,000.00 412,000.00 324,000.00 204,000.00 96,000.00 152,000.00 1,372,000.00 1,364,000.00 2,804,000.00
      Other Current Liabilities 2,800,000.00 2,816,000.00 2,870,000.00 2,598,000.00 2,787,000.00 2,804,000.00 2,951,000.00 2,696,000.00 2,784,000.00 2,889,000.00 2,983,000.00 2,662,000.00 2,397,000.00 2,495,000.00 2,777,000.00 2,602,000.00 2,644,000.00 1,786,000.00 1,803,000.00 549,000.00
   Non-Current Liabilities 8,992,000.00 8,453,000.00 8,277,000.00 8,295,000.00 6,944,000.00 6,845,000.00 8,289,000.00 8,358,000.00 8,251,000.00 7,602,000.00 7,660,000.00 7,640,000.00 8,083,000.00 8,327,000.00 8,494,000.00 9,016,000.00 7,342,000.00 7,395,000.00 7,396,000.00 7,100,000.00
      Long-Term Debt 7,996,000.00 7,449,000.00 7,242,000.00 7,271,000.00 5,882,000.00 5,806,000.00 7,130,000.00 7,158,000.00 7,115,000.00 6,425,000.00 6,445,000.00 6,413,000.00 6,784,000.00 6,961,000.00 7,080,000.00 7,585,000.00 5,822,000.00 5,843,000.00 5,821,000.00 5,629,000.00
      Other Non-Current Liabilities 996,000.00 1,004,000.00 1,035,000.00 1,024,000.00 1,062,000.00 1,039,000.00 1,159,000.00 1,200,000.00 1,136,000.00 1,177,000.00 1,215,000.00 1,227,000.00 1,299,000.00 1,366,000.00 1,414,000.00 1,431,000.00 1,520,000.00 1,552,000.00 1,575,000.00 1,471,000.00
Equity -5,286,000.00 -5,204,000.00 -4,991,000.00 -4,728,000.00 -4,780,000.00 -4,882,000.00 -4,816,000.00 -4,720,000.00 -4,610,000.00 -4,625,000.00 -4,638,000.00 -4,664,000.00 -4,733,000.00 -4,752,000.00 -2,941,000.00 -2,984,000.00 -3,233,000.00 -3,254,000.00 -3,286,000.00 -3,010,000.00
   Shareholders Equity -5,422,000.00 -5,367,000.00 -5,128,000.00 -4,848,000.00 -4,901,000.00 -5,046,000.00 -5,024,000.00 -4,924,000.00 -4,788,000.00 -4,852,000.00 -4,857,000.00 -4,870,000.00 -4,913,000.00 -4,997,000.00 -5,029,000.00 -3,625,000.00 -3,854,000.00 -3,856,000.00 -3,909,000.00 -3,641,000.00
      Capital Stock 320,000.00 300,000.00 278,000.00 265,000.00 245,000.00 230,000.00 210,000.00 213,000.00 198,000.00 183,000.00 172,000.00 162,000.00 134,000.00 121,000.00 121,000.00 119,000.00 102,000.00 86,000.00 68,000.00 59,000.00
      Share Premium 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Retained Earnings -453,000.00 -663,000.00 -889,000.00 -978,000.00 -1,153,000.00 -1,538,000.00 -1,794,000.00 -2,005,000.00 -2,183,000.00 -2,419,000.00 -2,653,000.00 -2,865,000.00 -3,042,000.00 -3,245,000.00 -3,529,000.00 -2,256,000.00 -2,404,000.00 -2,633,000.00 -2,855,000.00 -3,076,000.00
      Treasury Shares 4,198,000.00 3,948,000.00 3,646,000.00 3,390,000.00 3,189,000.00 2,987,000.00 2,684,000.00 2,382,000.00 2,155,000.00 1,927,000.00 1,750,000.00 1,575,000.00 1,425,000.00 1,125,000.00 925,000.00 725,000.00 725,000.00 506,000.00 300,000.00 0
      Accumulated Other Comprehensive Income -1,091,000.00 -1,056,000.00 -871,000.00 -745,000.00 -804,000.00 -751,000.00 -756,000.00 -750,000.00 -648,000.00 -689,000.00 -626,000.00 -592,000.00 -580,000.00 -748,000.00 -696,000.00 -763,000.00 -827,000.00 -803,000.00 -823,000.00 -815,000.00
   Minority Interest 69,000.00 97,000.00 75,000.00 63,000.00 66,000.00 112,000.00 84,000.00 69,000.00 55,000.00 101,000.00 90,000.00 71,000.00 52,000.00 109,000.00 107,000.00 481,000.00 559,000.00 539,000.00 559,000.00 548,000.00
Debt 8,488,000.00 8,124,000.00 8,725,000.00 8,622,000.00 7,549,000.00 7,462,000.00 7,165,000.00 7,190,000.00 7,700,000.00 7,171,000.00 7,091,000.00 7,083,000.00 7,196,000.00 7,285,000.00 7,284,000.00 7,681,000.00 5,974,000.00 7,215,000.00 7,185,000.00 8,433,000.00
Net Debt 7,648,000.00 7,436,000.00 6,807,000.00 6,322,000.00 6,722,000.00 6,520,000.00 6,281,000.00 5,916,000.00 6,064,000.00 5,952,000.00 5,974,000.00 5,889,000.00 6,155,000.00 6,055,000.00 4,208,000.00 4,206,000.00 4,421,000.00 5,292,000.00 5,460,000.00 6,651,000.00
Common Shares Outstanding 0 0 0 438,600.00 0 0 0 437,000.00 0 0 0 435,600.00 0 0 0 434,700.00 0 0 429,100.00 433,400.00
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 10,635,000.00 6,945,000.00 3,350,000.00 -6,800,000.00 10,586,000.00 7,038,000.00 3,437,000.00 -6,792,000.00 10,589,000.00 7,066,000.00 3,346,000.00 -6,877,000.00 10,246,000.00 6,902,000.00 3,414,000.00 -6,948,000.00 10,729,000.00 7,109,000.00 3,408,000.00
Cost Of Revenue 22,158,000.00 14,507,000.00 6,999,000.00 15,215,000.00 7,401,000.00 4,931,000.00 2,409,000.00 -4,785,000.00 7,464,000.00 4,987,000.00 2,350,000.00 -4,842,000.00 7,286,000.00 4,913,000.00 2,408,000.00 -4,874,000.00 7,575,000.00 5,015,000.00 2,389,000.00
Gross Profit -11,523,000.00 -7,562,000.00 -3,649,000.00 -22,015,000.00 3,185,000.00 2,107,000.00 1,028,000.00 -2,007,000.00 3,125,000.00 2,079,000.00 996,000.00 -2,035,000.00 2,960,000.00 1,989,000.00 1,006,000.00 -2,074,000.00 3,154,000.00 2,094,000.00 1,019,000.00
Operating Expenses -17,310,000.00 -11,309,000.00 -5,458,000.00 -19,570,000.00 -1,650,000.00 -1,363,000.00 -654,000.00 1,277,000.00 -1,955,000.00 -1,258,000.00 -573,000.00 1,148,000.00 -1,744,000.00 -1,111,000.00 -586,000.00 1,224,000.00 -1,767,000.00 -1,168,000.00 -533,000.00
   Selling, General and Administrative Expenses 3,927,000.00 2,569,000.00 1,248,000.00 2,390,000.00 1,366,000.00 911,000.00 462,000.00 -891,000.00 1,386,000.00 934,000.00 455,000.00 -909,000.00 1,315,000.00 898,000.00 459,000.00 -945,000.00 1,445,000.00 966,000.00 482,000.00
   Research and Development Expenses 111,000.00 75,000.00 37,000.00 -74,000.00 115,000.00 75,000.00 36,000.00 -69,000.00 107,000.00 71,000.00 35,000.00 -74,000.00 112,000.00 75,000.00 37,000.00 -63,000.00 113,000.00 74,000.00 35,000.00
   Other Operating Expenses -21,348,000.00 -13,953,000.00 -6,743,000.00 -21,886,000.00 -3,131,000.00 -2,349,000.00 -1,152,000.00 2,237,000.00 -3,448,000.00 -2,263,000.00 -1,063,000.00 2,131,000.00 -3,171,000.00 -2,084,000.00 -1,082,000.00 2,232,000.00 -3,325,000.00 -2,208,000.00 -1,050,000.00
Operating Income 5,787,000.00 3,747,000.00 1,809,000.00 -2,445,000.00 4,835,000.00 3,470,000.00 1,682,000.00 -3,284,000.00 5,080,000.00 3,337,000.00 1,569,000.00 -3,183,000.00 4,704,000.00 3,100,000.00 1,592,000.00 -3,298,000.00 4,921,000.00 3,262,000.00 1,552,000.00
Net Non-Operating Income -4,379,000.00 -2,860,000.00 -1,443,000.00 1,384,000.00 -3,279,000.00 -2,426,000.00 -1,182,000.00 2,259,000.00 -3,526,000.00 -2,315,000.00 -1,089,000.00 2,209,000.00 -3,271,000.00 -2,160,000.00 -1,103,000.00 2,263,000.00 -3,407,000.00 -2,255,000.00 -1,077,000.00
Interest Income 28,000.00 36,000.00 12,000.00 -8,000.00 408,000.00 15,000.00 -1,000.00 12,000.00 -4,000.00 -3,000.00 0.00 0.00 -1,000.00 -1,000.00 -1,000.00 -18,000.00 9,000.00 8,000.00 1,000.00
Interest Expense 160,000.00 107,000.00 57,000.00 -75,000.00 129,000.00 86,000.00 43,000.00 -50,000.00 105,000.00 67,000.00 33,000.00 -73,000.00 106,000.00 71,000.00 36,000.00 -65,000.00 101,000.00 67,000.00 33,000.00
Net Interest -132,000.00 -71,000.00 -45,000.00 67,000.00 279,000.00 -71,000.00 -44,000.00 62,000.00 -109,000.00 -70,000.00 -33,000.00 73,000.00 -107,000.00 -72,000.00 -37,000.00 47,000.00 -92,000.00 -59,000.00 -32,000.00
EBT 1,408,000.00 887,000.00 366,000.00 -1,061,000.00 1,556,000.00 1,044,000.00 500,000.00 -1,025,000.00 1,554,000.00 1,022,000.00 480,000.00 -974,000.00 1,433,000.00 940,000.00 489,000.00 -1,035,000.00 1,514,000.00 1,007,000.00 475,000.00
Income Tax 337,000.00 208,000.00 110,000.00 466,000.00 145,000.00 5,000.00 89,000.00 172,000.00 185,000.00 48,000.00 343,000.00 -668,000.00 597,000.00 454,000.00 351,000.00 -692,000.00 619,000.00 491,000.00 338,000.00
Net Income Including Non-Controlling Interests 949,000.00 593,000.00 230,000.00 -723,000.00 1,235,000.00 712,000.00 332,000.00 -663,000.00 1,012,000.00 655,000.00 310,000.00 -556,000.00 861,000.00 563,000.00 269,000.00 -549,000.00 820,000.00 537,000.00 264,000.00
Net Income Non-Controlling Interests 61,000.00 43,000.00 13,000.00 -61,000.00 73,000.00 56,000.00 21,000.00 -52,000.00 71,000.00 52,000.00 21,000.00 -90,000.00 95,000.00 69,000.00 42,000.00 -112,000.00 145,000.00 97,000.00 44,000.00
Net Income 1,010,000.00 636,000.00 243,000.00 -784,000.00 1,308,000.00 768,000.00 353,000.00 -715,000.00 1,083,000.00 707,000.00 331,000.00 -646,000.00 956,000.00 632,000.00 311,000.00 -661,000.00 965,000.00 634,000.00 308,000.00
EBIT 1,568,000.00 994,000.00 423,000.00 -1,136,000.00 1,685,000.00 1,130,000.00 543,000.00 -1,075,000.00 1,659,000.00 1,089,000.00 513,000.00 -1,047,000.00 1,539,000.00 1,011,000.00 525,000.00 -1,100,000.00 1,615,000.00 1,074,000.00 508,000.00
Deprecation and Amortization 130,000.00 86,000.00 42,000.00 -81,000.00 133,000.00 85,000.00 44,000.00 -98,000.00 145,000.00 99,000.00 47,000.00 -99,000.00 145,000.00 97,000.00 48,000.00 -102,000.00 152,000.00 102,000.00 51,000.00
EBITDA 1,698,000.00 1,080,000.00 465,000.00 -1,217,000.00 1,818,000.00 1,215,000.00 587,000.00 -1,173,000.00 1,804,000.00 1,188,000.00 560,000.00 -1,146,000.00 1,684,000.00 1,108,000.00 573,000.00 -1,202,000.00 1,767,000.00 1,176,000.00 559,000.00
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 393,700.00 395,100.00 396,600.00 394,900.00 402,700.00 404,000.00 405,200.00 405,200.00 412,600.00 413,500.00 414,300.00 411,700.00 421,300.00 422,800.00 424,200.00 420,900.00 428,500.00 429,800.00 431,600.00
Average Shares Outstanding Diluted 395,800.00 397,300.00 399,100.00 397,300.00 405,400.00 406,800.00 408,100.00 407,900.00 415,800.00 416,900.00 417,800.00 414,100.00 424,300.00 425,900.00 427,700.00 427,200.00 432,000.00 432,700.00 433,700.00
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 779,000.00 405,000.00 190,000.00 40,000.00 873,000.00 479,000.00 171,000.00 -405,000.00 1,030,000.00 724,000.00 278,000.00 -897,000.00 1,096,000.00 857,000.00 504,000.00 -1,426,000.00 1,473,000.00 1,118,000.00 585,000.00
   Operating Net Income 1,071,000.00 679,000.00 256,000.00 -845,000.00 1,381,000.00 824,000.00 374,000.00 -767,000.00 1,154,000.00 759,000.00 352,000.00 -736,000.00 1,051,000.00 701,000.00 353,000.00 -4,873,000.00 3,185,000.00 2,096,000.00 1,012,000.00
   Deprecation and Amortization 130,000.00 86,000.00 42,000.00 -81,000.00 133,000.00 85,000.00 44,000.00 -98,000.00 145,000.00 99,000.00 47,000.00 -99,000.00 145,000.00 97,000.00 48,000.00 -102,000.00 152,000.00 102,000.00 51,000.00
   Deferred Income Tax -102,000.00 -74,000.00 0 4,000.00 -26,000.00 -25,000.00 16,000.00 -9,000.00 -34,000.00 -16,000.00 -2,000.00 -45,000.00 6,000.00 6,000.00 17,000.00 47,000.00 -72,000.00 -39,000.00 -28,000.00
   Share Based Compensation 63,000.00 44,000.00 21,000.00 -31,000.00 52,000.00 36,000.00 16,000.00 -34,000.00 49,000.00 34,000.00 15,000.00 -15,000.00 41,000.00 28,000.00 13,000.00 -28,000.00 48,000.00 31,000.00 14,000.00
   Change in Working Capital -21,000.00 -108,000.00 -405,000.00 813,000.00 344,000.00 -122,000.00 -457,000.00 895,000.00 57,000.00 67,000.00 -618,000.00 858,000.00 93,000.00 4,000.00 -483,000.00 681,000.00 138,000.00 -108,000.00 -467,000.00
   Other Operating Activities -362,000.00 -222,000.00 276,000.00 180,000.00 -1,011,000.00 -319,000.00 178,000.00 -392,000.00 -341,000.00 -219,000.00 484,000.00 -860,000.00 -240,000.00 21,000.00 556,000.00 2,849,000.00 -1,978,000.00 -964,000.00 3,000.00
Investing Cash Flow -376,000.00 -320,000.00 -161,000.00 222,000.00 -210,000.00 -97,000.00 -79,000.00 61,000.00 -132,000.00 -91,000.00 -21,000.00 -68,000.00 62,000.00 -10,000.00 -17,000.00 97,000.00 -69,000.00 -67,000.00 -50,000.00
   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 142,000.00 104,000.00 34,000.00 -47,000.00 87,000.00 55,000.00 31,000.00 -45,000.00 96,000.00 62,000.00 25,000.00 -53,000.00 81,000.00 57,000.00 30,000.00 -87,000.00 115,000.00 84,000.00 44,000.00
   Net Purchase/Sale of Investments Net 1,000.00 2,000.00 -2,000.00 -10,000.00 6,000.00 -2,000.00 -3,000.00 0.00 -12,000.00 -4,000.00 -3,000.00 -13,000.00 1,000.00 3,000.00 7,000.00 -41,000.00 28,000.00 47,000.00 -28,000.00
   Net Purchase/Sale of Business 92,000.00 82,000.00 36,000.00 -53,000.00 70,000.00 40,000.00 30,000.00 -27,000.00 27,000.00 20,000.00 16,000.00 -28,000.00 99,000.00 28,000.00 8,000.00 -108,000.00 77,000.00 69,000.00 42,000.00
   Other Investing Activities -611,000.00 -508,000.00 -229,000.00 332,000.00 -373,000.00 -190,000.00 -137,000.00 133,000.00 -243,000.00 -169,000.00 -59,000.00 26,000.00 -119,000.00 -98,000.00 -62,000.00 333,000.00 -289,000.00 -267,000.00 -108,000.00
Financing Cash Flow -1,890,000.00 -1,722,000.00 -428,000.00 1,939,000.00 -1,102,000.00 -679,000.00 -467,000.00 -6,000.00 -418,000.00 -585,000.00 -341,000.00 3,510,000.00 -3,402,000.00 -2,937,000.00 -823,000.00 3,169,000.00 -1,621,000.00 -916,000.00 -574,000.00
   Net Issuance/Repayment of Debt 2,080,000.00 1,773,000.00 -11,000.00 857,000.00 325,000.00 323,000.00 3,000.00 486,000.00 657,000.00 57,000.00 -32,000.00 -1,050,000.00 580,000.00 557,000.00 526,000.00 756,000.00 560,000.00 708,000.00 357,000.00
   Net Issuance/Repurchase of Equity 809,000.00 561,000.00 253,000.00 -693,000.00 800,000.00 600,000.00 300,000.00 -300,000.00 575,000.00 350,000.00 175,000.00 -450,000.00 700,000.00 400,000.00 200,000.00 -806,000.00 725,000.00 506,000.00 300,000.00
   Dividends Paid 545,000.00 324,000.00 157,000.00 -284,000.00 531,000.00 306,000.00 147,000.00 -257,000.00 476,000.00 276,000.00 129,000.00 -269,000.00 452,000.00 265,000.00 135,000.00 -236,000.00 421,000.00 244,000.00 119,000.00
   Other Financing Activities -5,324,000.00 -4,380,000.00 -827,000.00 2,059,000.00 -2,758,000.00 -1,908,000.00 -917,000.00 65,000.00 -2,126,000.00 -1,268,000.00 -613,000.00 5,279,000.00 -5,134,000.00 -4,159,000.00 -1,684,000.00 3,455,000.00 -3,327,000.00 -2,374,000.00 -1,350,000.00
Net Change in Cash -1,468,000.00 -1,618,000.00 -392,000.00 2,211,000.00 -448,000.00 -329,000.00 -393,000.00 -319,000.00 446,000.00 32,000.00 -74,000.00 2,764,000.00 -2,435,000.00 -2,212,000.00 -399,000.00 1,817,000.00 -228,000.00 143,000.00 -56,000.00
   Cash at Beginning of Period 2,321,000.00 2,321,000.00 2,321,000.00 110,000.00 1,280,000.00 1,280,000.00 1,280,000.00 1,599,000.00 1,195,000.00 1,195,000.00 1,195,000.00 -1,569,000.00 3,477,000.00 3,477,000.00 3,477,000.00 1,660,000.00 1,801,000.00 1,801,000.00 1,801,000.00
   Cash at End of Period 853,000.00 703,000.00 1,929,000.00 2,321,000.00 832,000.00 951,000.00 887,000.00 1,280,000.00 1,641,000.00 1,227,000.00 1,121,000.00 1,195,000.00 1,042,000.00 1,265,000.00 3,078,000.00 3,477,000.00 1,573,000.00 1,944,000.00 1,745,000.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0