PCG

Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 17.40 16.54 9.62 -242.80
Price to Sales 1.77 1.52 3.17 2.62
Book Value Per Common Share 47.13 40.84 39.69 36.47 34.00
Price to Book 0.43 0.44 0.41 0.33
Price to Operating Cash Flow 5.38 3.92 9.22 11.93
Price to Free Cash Flow
Enterprise Value to EBITDA 53712.06 81066.91
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 16.94 27.33 61.36 22.99 29.59 49.29 24.82 35.27 55.76 19.23 23.76 49.75 -33.10 39.12 195.17
Price to Sales 1.83 2.58 6.30 2.37 3.15 6.10 1.89 3.01 5.19 1.52 1.82 4.09 1.24 2.03 4.93
Book Value Per Common Share 31.54 30.79 30.40 47.13 27.40 26.61 26.21 40.84 24.68 25.23 25.72 39.69 24.63 24.26 23.89 36.47 22.93 24.00 23.57 34.00
Price to Book 0.48 0.45 0.57 0.43 0.72 0.66 0.64 0.44 0.65 0.68 0.63 0.41 0.51 0.41 0.50 0.33 0.42 0.42 0.50
Price to Operating Cash Flow 2.41 3.83 6.50 3.41 6.13 7.83 3.74 6.81 13.16 4.39 5.93 6.99 4.46 7.87 9.37
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 6.42 -35.50
Revenue YoY -0.04 12.68 5.03 11.77
EBITDA YoY 73.67
Net Profit YoY 6.64 14.38 1683.87 -68.77
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 74.51 82.14 45.76 73.53 32.65 68.97 54.76 75.00 333.33
Revenue YoY 52.61 98.58 50.15 102.13 51.20 85.20 49.41 88.27 55.03 110.58
EBITDA YoY
Net Profit YoY 70.00 87.86 45.93 72.11 37.94 76.40 43.37 113.09 254.60

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 0.44 0.61 0.17 0.07 0.39
Quick Ratio 0.28 0.25 0.35 0.26 0.09
Current Ratio 1.05 0.83 0.81 0.64 0.71
Debt to Equity 2.00 2.30 2.42 2.27 2.27
Long-Term Debt to Equity 1.68 1.91 2.02 1.79 1.87
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Cash Per Common Share 0.30 0.33 1.77 0.43 0.75 1.11 0.56 0.59 0.42 0.67 0.95 0.37 0.19 0.18 0.22 0.15 0.35 0.27 0.18 0.24
Quick Ratio 0.31 0.26 0.33 0.28 0.30 0.26 0.30 0.25 0.29 0.35 0.39 0.35 0.38 0.29 0.25 0.26 0.21 0.25 0.09 0.09
Current Ratio 0.95 0.94 0.95 1.05 1.05 0.90 1.00 0.83 0.85 0.97 0.84 0.81 0.87 0.78 0.63 0.64 0.65 0.66 0.74 0.71
Debt to Equity 2.97 3.01 3.04 2.00 3.49 3.57 3.53 2.30 3.64 3.61 3.63 2.42 3.74 3.67 3.35 2.27 3.52 3.19 3.19 2.27
Long-Term Debt to Equity 2.54 2.54 2.51 1.68 2.93 2.93 2.99 1.91 3.08 3.11 3.07 2.02 3.18 3.07 2.66 1.79 2.74 2.55 2.67 1.87

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 0.87 0.88 0.82 0.05 0.18
ROE 2.60 2.90 2.79 0.17 0.59
Gross Margin 68.44 55.40 44.13 51.74 53.46
Operating Margin 32.64 18.96 24.59 24.17 -1.15
EBITDA Margin 33.76 19.43
Net Profit Margin 11.05 10.36 10.20 0.60 2.15
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
ROA 0.80 0.48 0.26 0.74 0.51 0.31 0.62 0.46 0.26 0.69 0.50 0.25 -0.21 0.31 0.09
ROE 3.18 1.91 1.03 3.32 2.34 1.38 2.87 2.10 1.21 3.27 2.32 1.10 -0.93 1.29 0.37
Gross Margin 69.65 72.98 70.08 69.18 69.33 70.99 61.03 58.54 53.68 57.19 59.66 63.33 57.91 61.11 61.96
Operating Margin 46.04 46.67 47.13 46.96 49.10 50.90 24.82 26.80 26.61 26.38 23.07 24.09 21.31 24.23 18.55
EBITDA Margin
Net Profit Margin 12.19 10.94 11.57 10.98 11.30 13.27 8.72 9.56 10.03 9.87 10.29 9.09 -2.76 6.21 3.69

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 310,814,000.00 288,785,000.00 270,819,000.00 237,383,000.00 221,284,000.00
   Current Assets 34,446,000.00 28,792,000.00 25,695,000.00 22,332,000.00 19,272,000.00
      Cash and Short-Term Investments 940,000.00 1,269,000.00 734,000.00 291,000.00 484,000.00
            Cash and Cash Equivalents 940,000.00 1,269,000.00 734,000.00 291,000.00 484,000.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 8,240,000.00 7,496,000.00 10,230,000.00 8,810,000.00 1,883,000.00
      Inventory 1,640,000.00 1,740,000.00 1,684,000.00 1,192,000.00 1,256,000.00
      Other Current Assets 23,626,000.00 18,287,000.00 13,047,000.00 12,039,000.00 15,649,000.00
   Non-Current Assets 276,368,000.00 259,993,000.00 245,124,000.00 215,051,000.00 202,012,000.00
      Property, Plant, Equipment Net 186,418,000.00 174,144,000.00 163,883,000.00 149,117,000.00 384,608,000.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 89,950,000.00 85,849,000.00 81,241,000.00 65,934,000.00 -182,596,000.00
Liabilities 207,185,000.00 201,399,000.00 191,669,000.00 164,727,000.00 153,556,000.00
   Current Liabilities 32,675,000.00 34,652,000.00 31,642,000.00 35,033,000.00 27,229,000.00
      Payables and Expenses 8,590,000.00 7,745,000.00 8,730,000.00 7,946,000.00 6,914,000.00
            Account Payables 8,590,000.00 7,745,000.00 8,730,000.00 7,946,000.00 6,914,000.00
            Current Accrued Liabilities 0 0 0 0 0
      Short-Term Debt 11,827,000.00 13,100,000.00 11,712,000.00 18,783,000.00 8,218,000.00
      Other Current Liabilities 12,258,000.00 13,807,000.00 11,200,000.00 8,304,000.00 12,097,000.00
   Non-Current Liabilities 174,510,000.00 166,747,000.00 160,027,000.00 129,694,000.00 126,327,000.00
      Long-Term Debt 128,220,000.00 125,094,000.00 118,591,000.00 81,709,000.00 76,995,000.00
      Other Non-Current Liabilities 46,290,000.00 41,653,000.00 41,436,000.00 47,985,000.00 49,332,000.00
Equity 103,629,000.00 87,386,000.00 79,150,000.00 72,656,000.00 67,728,000.00
   Shareholders Equity 103,377,000.00 87,134,000.00 78,898,000.00 72,404,000.00 67,476,000.00
      Capital Stock 73,800,000.00 69,602,000.00 70,341,000.00 71,580,000.00 62,028,000.00
      Share Premium 0 0 0 0 28,286,000.00
      Retained Earnings -7,872,000.00 -13,256,000.00 -18,452,000.00 -22,817,000.00 -22,779,000.00
      Treasury Shares 0 0 2,517,000.00 4,854,000.00 0
      Accumulated Other Comprehensive Income -60,000.00 -40,000.00 -12,000.00 -49,000.00 -59,000.00
   Minority Interest 252,000.00 252,000.00 252,000.00 252,000.00 252,000.00
Investments 403,000.00 456,000.00 1,497,000.00 4,581,000.00 4,209,000.00
Debt 140,047,000.00 138,194,000.00 130,303,000.00 100,492,000.00 85,213,000.00
Net Debt 139,107,000.00 136,925,000.00 129,569,000.00 100,201,000.00 84,729,000.00
Common Shares Outstanding 2,193,573.54 2,133,597.76 1,987,784.95 1,985,400.54 1,984,678.67
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 24,419,000.00 24,428,000.00 21,680,000.00 20,642,000.00 18,469,000.00
Cost Of Revenue 7,706,000.00 10,894,000.00 12,112,000.00 9,962,000.00 8,596,000.00
Interest Income 5,119,000.00 4,609,000.00 4,163,000.00 3,246,000.00 1,299,000.00
Interest Expense 3,051,000.00 2,850,000.00 3,836,000.00 3,204,000.00 1,260,000.00
Net Interest 2,068,000.00 1,759,000.00 327,000.00 42,000.00 39,000.00
Provisions for Credit Losses 341,000.00 636,000.00 143,000.00 0 0
Gross Profit 16,713,000.00 13,534,000.00 9,568,000.00 10,680,000.00 9,873,000.00
Operating Expenses 7,774,000.00 8,181,000.00 5,810,000.00 6,908,000.00 6,387,000.00
   Selling, General and Administrative Expenses 98,000.00 91,000.00 115,000.00 56,000.00 35,000.00
   Other Operating Expenses 7,676,000.00 8,090,000.00 5,695,000.00 6,852,000.00 6,352,000.00
Operating Income 8,939,000.00 5,353,000.00 3,758,000.00 3,772,000.00 3,486,000.00
Net Non-Operating Income -4,020,000.00 -3,571,000.00 -2,262,000.00 -1,986,000.00 -4,959,000.00
EBT 4,919,000.00 1,782,000.00 1,496,000.00 1,786,000.00 -1,473,000.00
Income Tax 399,000.00 3,114,000.00 2,676,000.00 836,000.00 362,000.00
Net Income Including Non-Controlling Interests 18,170,000.00 16,642,000.00 13,718,000.00 62,000.00 -3,983,000.00
Net Income Non-Controlling Interests -15,472,000.00 -14,112,000.00 -11,506,000.00 62,000.00 4,380,000.00
Net Income 2,698,000.00 2,530,000.00 2,212,000.00 124,000.00 397,000.00
EBIT 7,970,000.00 4,632,000.00 5,332,000.00 4,990,000.00 -213,000.00
Deprecation and Amortization 274,000.00 115,000.00 0.00 0.00 0.00
EBITDA 8,244,000.00 4,747,000.00 0 0 0
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 2,141,000.00 2,064,000.00 4,222,000.00 4,448,000.00 1,257,000.00
Average Shares Outstanding Diluted 2,147,000.00 2,138,000.00 4,512,000.00 4,448,000.00 1,257,000.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 8,035,000.00 9,493,000.00 7,443,000.00 4,525,000.00 -38,258,000.00
   Operating Net Income 18,170,000.00 16,642,000.00 13,718,000.00 62,000.00 -3,983,000.00
   Deprecation and Amortization 274,000.00 115,000.00 0 0 0
   Deferred Income Tax 2,199,000.00 -1,544,000.00 -897,000.00 3,569,000.00 2,188,000.00
   Share Based Compensation 0 0 0 0 0
   Change in Working Capital 1,302,000.00 -192,000.00 2,038,000.00 2,598,000.00 -356,000.00
   Other Operating Activities -13,910,000.00 -5,528,000.00 -7,416,000.00 -1,704,000.00 -36,107,000.00
Investing Cash Flow -26,085,000.00 -17,839,000.00 -20,002,000.00 -13,955,000.00 -28,482,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 10,369,000.00 9,714,000.00 9,584,000.00 16,876,000.00 7,690,000.00
   Net Purchase/Sale of Investments Net 968,000.00 -26,000.00 1,976,000.00 -59,000.00 -14,000.00
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities -37,422,000.00 -27,527,000.00 -31,562,000.00 -30,772,000.00 -36,158,000.00
Financing Cash Flow 10,578,000.00 8,315,000.00 13,839,000.00 8,790,000.00 64,840,000.00
   Net Issuance/Repayment of Debt 51,778,000.00 65,973,000.00 60,839,000.00 54,034,000.00 51,764,000.00
   Net Issuance/Repurchase of Equity 5,414,000.00 0 0 0 8,358,000.00
   Dividends Paid 2,197,000.00 0 0 0 0
   Other Financing Activities -48,811,000.00 -57,658,000.00 -47,000,000.00 -45,244,000.00 4,718,000.00
Net Change in Cash 563,000.00 -31,000.00 640,000.00 -640,000.00 -1,900,000.00
   Cash at Beginning of Period 650,000.00 963,000.00 307,000.00 947,000.00 2,527,000.00
   Cash at End of Period 1,213,000.00 932,000.00 947,000.00 307,000.00 627,000.00
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 276,182,000.00 272,345,000.00 270,601,000.00 310,814,000.00 264,299,000.00 261,171,000.00 255,038,000.00 288,785,000.00 245,545,000.00 241,009,000.00 238,994,000.00 270,819,000.00 233,451,000.00 226,621,000.00 207,806,000.00 237,383,000.00 206,945,000.00 200,739,000.00 196,845,000.00 221,284,000.00
   Current Assets 28,636,000.00 30,063,000.00 33,661,000.00 34,446,000.00 34,910,000.00 33,222,000.00 30,359,000.00 28,792,000.00 25,289,000.00 25,103,000.00 24,504,000.00 25,695,000.00 23,983,000.00 23,029,000.00 20,846,000.00 22,332,000.00 23,039,000.00 20,492,000.00 18,022,000.00 19,272,000.00
      Cash and Short-Term Investments 657,000.00 730,000.00 3,883,000.00 940,000.00 1,607,000.00 2,375,000.00 1,185,000.00 1,269,000.00 854,000.00 1,350,000.00 1,899,000.00 734,000.00 369,000.00 361,000.00 446,000.00 291,000.00 689,000.00 540,000.00 356,000.00 484,000.00
            Cash and Cash Equivalents 657,000.00 730,000.00 3,883,000.00 940,000.00 1,607,000.00 2,375,000.00 1,185,000.00 1,269,000.00 854,000.00 1,350,000.00 1,899,000.00 734,000.00 369,000.00 361,000.00 446,000.00 291,000.00 689,000.00 540,000.00 356,000.00 484,000.00
            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 8,686,000.00 7,450,000.00 7,866,000.00 8,240,000.00 8,404,000.00 7,164,000.00 7,920,000.00 7,496,000.00 7,916,000.00 7,634,000.00 9,396,000.00 10,230,000.00 10,032,000.00 8,186,000.00 7,840,000.00 8,810,000.00 6,814,000.00 7,158,000.00 1,835,000.00 1,883,000.00
      Inventory 1,526,000.00 1,572,000.00 1,578,000.00 1,640,000.00 1,624,000.00 1,646,000.00 1,642,000.00 1,740,000.00 1,776,000.00 1,776,000.00 1,670,000.00 1,684,000.00 1,496,000.00 1,378,000.00 1,236,000.00 1,192,000.00 1,138,000.00 1,130,000.00 1,100,000.00 1,256,000.00
      Other Current Assets 17,767,000.00 20,311,000.00 20,334,000.00 23,626,000.00 23,275,000.00 22,037,000.00 19,612,000.00 18,287,000.00 14,743,000.00 14,343,000.00 11,539,000.00 13,047,000.00 12,086,000.00 13,104,000.00 11,324,000.00 12,039,000.00 14,398,000.00 11,664,000.00 14,731,000.00 15,649,000.00
   Non-Current Assets 247,546,000.00 242,282,000.00 236,940,000.00 276,368,000.00 229,389,000.00 227,949,000.00 224,679,000.00 259,993,000.00 220,256,000.00 215,906,000.00 214,490,000.00 245,124,000.00 209,468,000.00 203,592,000.00 186,960,000.00 215,051,000.00 183,906,000.00 180,247,000.00 178,823,000.00 202,012,000.00
      Property, Plant, Equipment Net 449,219,000.00 440,757,000.00 430,143,000.00 186,418,000.00 183,795,000.00 180,561,000.00 176,819,000.00 174,144,000.00 171,877,000.00 169,403,000.00 166,864,000.00 163,883,000.00 161,150,000.00 157,515,000.00 152,657,000.00 149,117,000.00 401,370,000.00 397,017,000.00 391,236,000.00 384,608,000.00
      Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      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 -201,673,000.00 -198,475,000.00 -193,203,000.00 89,950,000.00 45,594,000.00 47,388,000.00 47,860,000.00 85,849,000.00 48,379,000.00 46,503,000.00 47,626,000.00 81,241,000.00 48,318,000.00 46,077,000.00 34,303,000.00 65,934,000.00 -217,464,000.00 -216,770,000.00 -212,413,000.00 -182,596,000.00
Liabilities 206,610,000.00 204,417,000.00 203,540,000.00 207,185,000.00 205,473,000.00 204,049,000.00 198,764,000.00 201,399,000.00 192,642,000.00 188,720,000.00 187,410,000.00 191,669,000.00 184,242,000.00 178,144,000.00 160,082,000.00 164,727,000.00 161,167,000.00 152,847,000.00 149,813,000.00 153,556,000.00
   Current Liabilities 30,236,000.00 31,978,000.00 35,261,000.00 32,675,000.00 33,388,000.00 36,714,000.00 30,510,000.00 34,652,000.00 29,926,000.00 25,957,000.00 29,189,000.00 31,642,000.00 27,535,000.00 29,458,000.00 33,030,000.00 35,033,000.00 35,514,000.00 30,910,000.00 24,371,000.00 27,229,000.00
      Payables and Expenses 9,079,000.00 8,600,000.00 8,268,000.00 8,590,000.00 7,763,000.00 7,566,000.00 7,318,000.00 7,745,000.00 8,348,000.00 7,632,000.00 7,624,000.00 8,730,000.00 8,215,000.00 8,567,000.00 7,007,000.00 7,946,000.00 7,292,000.00 6,721,000.00 6,255,000.00 6,914,000.00
            Account Payables 9,079,000.00 8,600,000.00 8,268,000.00 8,590,000.00 7,763,000.00 7,566,000.00 7,318,000.00 7,745,000.00 8,348,000.00 7,632,000.00 7,624,000.00 8,730,000.00 8,215,000.00 8,567,000.00 7,007,000.00 7,946,000.00 7,292,000.00 6,721,000.00 6,255,000.00 6,914,000.00
            Current Accrued Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Short-Term Debt 8,200,000.00 10,946,000.00 14,774,000.00 11,827,000.00 10,624,000.00 15,955,000.00 8,544,000.00 13,100,000.00 9,355,000.00 8,343,000.00 10,724,000.00 11,712,000.00 6,534,000.00 9,330,000.00 13,782,000.00 18,783,000.00 14,869,000.00 14,068,000.00 6,979,000.00 8,218,000.00
      Other Current Liabilities 12,957,000.00 12,432,000.00 12,219,000.00 12,258,000.00 15,001,000.00 13,193,000.00 14,648,000.00 13,807,000.00 12,223,000.00 9,982,000.00 10,841,000.00 11,200,000.00 12,786,000.00 11,561,000.00 12,241,000.00 8,304,000.00 13,353,000.00 10,121,000.00 11,137,000.00 12,097,000.00
   Non-Current Liabilities 176,374,000.00 172,439,000.00 168,279,000.00 174,510,000.00 172,085,000.00 167,335,000.00 168,254,000.00 166,747,000.00 162,716,000.00 162,763,000.00 158,221,000.00 160,027,000.00 156,707,000.00 148,686,000.00 127,052,000.00 129,694,000.00 125,653,000.00 121,937,000.00 125,442,000.00 126,327,000.00
      Long-Term Debt 129,799,000.00 123,617,000.00 120,758,000.00 128,220,000.00 128,721,000.00 122,596,000.00 125,696,000.00 125,094,000.00 119,319,000.00 118,861,000.00 116,025,000.00 118,591,000.00 112,191,000.00 96,396,000.00 78,793,000.00 81,709,000.00 71,080,000.00 71,438,000.00 73,256,000.00 76,995,000.00
      Other Non-Current Liabilities 46,575,000.00 48,822,000.00 47,521,000.00 46,290,000.00 43,364,000.00 44,739,000.00 42,558,000.00 41,653,000.00 43,397,000.00 43,902,000.00 42,196,000.00 41,436,000.00 44,516,000.00 52,290,000.00 48,259,000.00 47,985,000.00 54,573,000.00 50,499,000.00 52,186,000.00 49,332,000.00
Equity 69,572,000.00 67,928,000.00 67,061,000.00 103,629,000.00 58,826,000.00 57,122,000.00 56,274,000.00 87,386,000.00 52,903,000.00 52,289,000.00 51,584,000.00 79,150,000.00 49,209,000.00 48,477,000.00 47,724,000.00 72,656,000.00 45,778,000.00 47,892,000.00 47,032,000.00 67,728,000.00
   Shareholders Equity 69,320,000.00 67,676,000.00 66,809,000.00 103,377,000.00 58,574,000.00 56,870,000.00 56,022,000.00 87,134,000.00 52,651,000.00 52,037,000.00 51,332,000.00 78,898,000.00 48,957,000.00 48,225,000.00 47,472,000.00 72,404,000.00 45,526,000.00 47,640,000.00 46,780,000.00 67,476,000.00
      Capital Stock 34,747,000.00 34,719,000.00 34,691,000.00 73,800,000.00 31,724,000.00 31,701,000.00 31,678,000.00 69,602,000.00 32,363,000.00 32,950,000.00 33,536,000.00 70,341,000.00 35,486,000.00 35,463,000.00 36,048,000.00 71,580,000.00 36,694,000.00 31,825,000.00 31,806,000.00 62,028,000.00
      Share Premium 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 28,286,000.00 28,286,000.00 28,286,000.00 28,286,000.00
      Retained Earnings -2,636,000.00 -3,739,000.00 -4,237,000.00 -7,872,000.00 -5,667,000.00 -6,336,000.00 -6,896,000.00 -13,256,000.00 -9,396,000.00 -9,711,000.00 -10,143,000.00 -18,452,000.00 -11,600,000.00 -12,118,000.00 -12,645,000.00 -22,817,000.00 -14,570,000.00 -12,440,000.00 -13,281,000.00 -22,779,000.00
      Treasury Shares 0 0 0 0 0 0 0 0 688,000.00 1,298,000.00 1,907,000.00 2,517,000.00 3,838,000.00 -3,838,000.00 4,447,000.00 4,854,000.00 4,854,000.00 0 0 0
      Accumulated Other Comprehensive Income -8,000.00 -9,000.00 -25,000.00 -60,000.00 -19,000.00 -14,000.00 -14,000.00 -40,000.00 -6,000.00 -2,000.00 -2,000.00 -12,000.00 -62,000.00 -38,000.00 -28,000.00 -49,000.00 -30,000.00 -31,000.00 -31,000.00 -59,000.00
   Minority Interest 252,000.00 252,000.00 252,000.00 252,000.00 252,000.00 252,000.00 252,000.00 252,000.00 252,000.00 252,000.00 252,000.00 252,000.00 252,000.00 252,000.00 252,000.00 252,000.00 252,000.00 252,000.00 252,000.00 252,000.00
Investments 330,000.00 386,000.00 416,000.00 403,000.00 348,000.00 409,000.00 409,000.00 456,000.00 369,000.00 406,000.00 527,000.00 1,497,000.00 325,000.00 292,000.00 4,366,000.00 4,581,000.00 4,410,000.00 4,437,000.00 4,282,000.00 4,209,000.00
Debt 137,999,000.00 134,563,000.00 135,532,000.00 140,047,000.00 139,345,000.00 138,551,000.00 134,240,000.00 138,194,000.00 128,674,000.00 127,204,000.00 126,749,000.00 130,303,000.00 118,725,000.00 105,726,000.00 92,575,000.00 100,492,000.00 85,949,000.00 85,506,000.00 80,235,000.00 85,213,000.00
Net Debt 137,342,000.00 133,833,000.00 131,649,000.00 139,107,000.00 137,738,000.00 136,176,000.00 133,055,000.00 136,925,000.00 127,820,000.00 125,854,000.00 124,850,000.00 129,569,000.00 118,356,000.00 105,365,000.00 92,129,000.00 100,201,000.00 85,260,000.00 84,966,000.00 79,879,000.00 84,729,000.00
Common Shares Outstanding 2,197,837.40 2,197,837.40 2,197,685.01 2,193,573.54 2,137,544.85 2,137,460.35 2,137,156.23 2,133,597.76 2,133,508.18 2,062,781.66 1,995,774.08 1,987,784.95 1,987,700.08 1,987,668.22 1,987,472.59 1,985,400.54 1,985,369.20 1,985,273.05 1,985,105.70 1,984,678.67
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 18,131,000.00 11,881,000.00 5,983,000.00 -11,077,000.00 17,788,000.00 11,847,000.00 5,861,000.00 -10,667,000.00 17,387,000.00 11,499,000.00 6,209,000.00 -11,344,000.00 16,310,000.00 10,916,000.00 5,798,000.00 -9,401,000.00 15,396,000.00 9,931,000.00 4,716,000.00
Cost Of Revenue 5,502,000.00 3,210,000.00 1,790,000.00 -3,110,000.00 5,482,000.00 3,634,000.00 1,700,000.00 -3,526,000.00 6,776,000.00 4,768,000.00 2,876,000.00 -1,400,000.00 6,982,000.00 4,404,000.00 2,126,000.00 -2,174,000.00 6,480,000.00 3,862,000.00 1,794,000.00
Interest Income 5,131,000.00 3,485,000.00 1,620,000.00 -5,552,000.00 5,428,000.00 3,603,000.00 1,640,000.00 -3,956,000.00 4,401,000.00 2,820,000.00 1,344,000.00 -911,000.00 2,671,000.00 1,603,000.00 800,000.00 -1,279,000.00 2,254,000.00 1,513,000.00 758,000.00
Interest Expense 4,355,000.00 2,894,000.00 1,389,000.00 -5,696,000.00 4,447,000.00 2,931,000.00 1,369,000.00 -4,178,000.00 3,591,000.00 2,315,000.00 1,122,000.00 -1,024,000.00 2,530,000.00 1,547,000.00 783,000.00 -1,285,000.00 2,237,000.00 1,496,000.00 756,000.00
Net Interest 776,000.00 591,000.00 231,000.00 144,000.00 981,000.00 672,000.00 271,000.00 222,000.00 810,000.00 505,000.00 222,000.00 113,000.00 141,000.00 56,000.00 17,000.00 6,000.00 17,000.00 17,000.00 2,000.00
Provisions for Credit Losses 331,000.00 241,000.00 100,000.00 -108,000.00 244,000.00 135,000.00 70,000.00 -348,000.00 552,000.00 293,000.00 139,000.00 17,000.00 126,000.00 0 0 0 0 0 0
Gross Profit 12,629,000.00 8,671,000.00 4,193,000.00 -7,967,000.00 12,306,000.00 8,213,000.00 4,161,000.00 -7,141,000.00 10,611,000.00 6,731,000.00 3,333,000.00 -9,944,000.00 9,328,000.00 6,512,000.00 3,672,000.00 -7,227,000.00 8,916,000.00 6,069,000.00 2,922,000.00
Operating Expenses 5,560,000.00 4,025,000.00 1,745,000.00 -2,628,000.00 5,414,000.00 3,384,000.00 1,604,000.00 -5,872,000.00 7,528,000.00 4,453,000.00 2,072,000.00 -7,081,000.00 5,828,000.00 4,466,000.00 2,597,000.00 -6,010,000.00 6,423,000.00 4,186,000.00 2,309,000.00
   Selling, General and Administrative Expenses 0 0 0 98,000.00 0 0 0 91,000.00 0 0 0 115,000.00 0 0 0 56,000.00 0 0 0
   Other Operating Expenses 5,560,000.00 4,025,000.00 1,745,000.00 -2,726,000.00 5,414,000.00 3,384,000.00 1,604,000.00 -5,963,000.00 7,528,000.00 4,453,000.00 2,072,000.00 -7,196,000.00 5,828,000.00 4,466,000.00 2,597,000.00 -6,066,000.00 6,423,000.00 4,186,000.00 2,309,000.00
Operating Income 7,069,000.00 4,646,000.00 2,448,000.00 -5,339,000.00 6,892,000.00 4,829,000.00 2,557,000.00 -1,269,000.00 3,083,000.00 2,278,000.00 1,261,000.00 -2,863,000.00 3,500,000.00 2,046,000.00 1,075,000.00 -1,217,000.00 2,493,000.00 1,883,000.00 613,000.00
Net Non-Operating Income -3,077,000.00 -1,995,000.00 -1,017,000.00 1,851,000.00 -2,985,000.00 -1,943,000.00 -943,000.00 1,029,000.00 -2,358,000.00 -1,511,000.00 -731,000.00 1,002,000.00 -1,728,000.00 -1,075,000.00 -461,000.00 930,000.00 -1,449,000.00 -973,000.00 -494,000.00
EBT 3,992,000.00 2,651,000.00 1,431,000.00 -3,488,000.00 3,907,000.00 2,886,000.00 1,614,000.00 -240,000.00 725,000.00 767,000.00 530,000.00 -1,861,000.00 1,772,000.00 971,000.00 614,000.00 -287,000.00 1,044,000.00 910,000.00 119,000.00
Income Tax 261,000.00 161,000.00 102,000.00 -85,000.00 105,000.00 281,000.00 98,000.00 -1,009,000.00 2,134,000.00 1,321,000.00 668,000.00 140,000.00 1,145,000.00 997,000.00 394,000.00 -1,609,000.00 2,033,000.00 231,000.00 181,000.00
Net Income Including Non-Controlling Interests 4,253,000.00 2,490,000.00 3,987,000.00 8,777,000.00 3,802,000.00 2,605,000.00 2,986,000.00 8,101,000.00 2,859,000.00 2,088,000.00 3,594,000.00 6,629,000.00 2,772,000.00 1,823,000.00 2,494,000.00 -838,000.00 0 0 900,000.00
Net Income Non-Controlling Interests -2,043,000.00 -1,190,000.00 -3,295,000.00 -10,150,000.00 -1,848,000.00 -1,266,000.00 -2,208,000.00 -8,809,000.00 -1,343,000.00 -989,000.00 -2,971,000.00 -7,677,000.00 -1,162,000.00 -700,000.00 -1,967,000.00 788,000.00 0 0 -726,000.00
Net Income 2,210,000.00 1,300,000.00 692,000.00 -1,373,000.00 1,954,000.00 1,339,000.00 778,000.00 -708,000.00 1,516,000.00 1,099,000.00 623,000.00 -1,048,000.00 1,610,000.00 1,123,000.00 527,000.00 -242,000.00 -425,000.00 617,000.00 174,000.00
EBIT 8,347,000.00 5,545,000.00 2,820,000.00 -9,184,000.00 8,354,000.00 5,817,000.00 2,983,000.00 -4,418,000.00 4,316,000.00 3,082,000.00 1,652,000.00 -2,885,000.00 4,302,000.00 2,518,000.00 1,397,000.00 -1,572,000.00 3,281,000.00 2,406,000.00 875,000.00
Deprecation and Amortization 0.00 0.00 0.00 274,000.00 0.00 0.00 0.00 115,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBITDA 0 0 0 8,244,000.00 0 0 0 4,747,000.00 0 0 0 0 0 0 0 0 0 0 0
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 2,197,000.00 2,196,000.00 2,195,000.00 2,158,000.00 2,136,000.00 2,136,000.00 2,134,000.00 2,219,000.00 2,041,000.00 2,005,000.00 1,991,000.00 10,928,000.00 1,987,000.00 1,987,000.00 1,986,000.00 11,837,000.00 1,985,000.00 1,985,000.00 1,985,000.00
Average Shares Outstanding Diluted 2,202,000.00 2,201,000.00 2,200,000.00 2,166,000.00 2,142,000.00 2,141,000.00 2,139,000.00 2,145,000.00 2,138,000.00 2,137,000.00 2,132,000.00 11,641,000.00 2,132,000.00 2,141,000.00 2,134,000.00 11,530,000.00 1,985,000.00 2,146,000.00 2,131,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Operating Cash Flow 13,775,000.00 7,992,000.00 5,803,000.00 -14,996,000.00 12,375,000.00 6,086,000.00 4,570,000.00 -6,841,000.00 8,800,000.00 5,087,000.00 2,447,000.00 -4,944,000.00 5,652,000.00 3,342,000.00 3,393,000.00 -4,794,000.00 4,273,000.00 2,565,000.00 2,481,000.00
   Operating Net Income 4,253,000.00 2,490,000.00 3,987,000.00 8,777,000.00 3,802,000.00 2,605,000.00 2,986,000.00 8,101,000.00 2,859,000.00 2,088,000.00 3,594,000.00 6,629,000.00 2,772,000.00 1,823,000.00 2,494,000.00 -990,000.00 -989,000.00 1,141,000.00 900,000.00
   Deprecation and Amortization 0 0 0 274,000.00 0 0 0 115,000.00 0 0 0 0 0 0 0 0 0 0 0
   Deferred Income Tax 1,438,000.00 970,000.00 342,000.00 -758,000.00 1,444,000.00 1,014,000.00 499,000.00 424,000.00 -1,069,000.00 -607,000.00 -292,000.00 -851,000.00 218,000.00 -246,000.00 -18,000.00 -344,000.00 3,258,000.00 485,000.00 170,000.00
   Share Based Compensation 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Change in Working Capital 513,000.00 1,458,000.00 267,000.00 -6,409,000.00 3,379,000.00 2,213,000.00 2,119,000.00 -2,994,000.00 1,597,000.00 221,000.00 984,000.00 -3,738,000.00 2,983,000.00 1,835,000.00 958,000.00 -2,683,000.00 3,989,000.00 831,000.00 461,000.00
   Other Operating Activities 7,571,000.00 3,074,000.00 1,207,000.00 -16,880,000.00 3,750,000.00 254,000.00 -1,034,000.00 -12,487,000.00 5,413,000.00 3,385,000.00 -1,839,000.00 -6,984,000.00 -321,000.00 -70,000.00 -41,000.00 -777,000.00 -1,985,000.00 108,000.00 950,000.00
Investing Cash Flow -9,250,000.00 -6,268,000.00 -3,264,000.00 -9,711,000.00 -8,219,000.00 -5,225,000.00 -2,930,000.00 2,142,000.00 -13,421,000.00 -4,420,000.00 -2,140,000.00 8,634,000.00 -16,491,000.00 -9,815,000.00 -2,330,000.00 910,000.00 -9,501,000.00 -3,568,000.00 -1,796,000.00
   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 8,631,000.00 5,700,000.00 2,635,000.00 -4,746,000.00 7,541,000.00 4,936,000.00 2,638,000.00 -4,355,000.00 7,101,000.00 4,680,000.00 2,288,000.00 -4,676,000.00 7,411,000.00 4,539,000.00 2,310,000.00 -956,000.00 12,434,000.00 3,620,000.00 1,778,000.00
   Net Purchase/Sale of Investments Net 1,428,000.00 1,366,000.00 1,328,000.00 -1,498,000.00 924,000.00 850,000.00 692,000.00 16,000.00 -23,000.00 -14,000.00 -5,000.00 -940,000.00 1,984,000.00 938,000.00 -6,000.00 50,000.00 -52,000.00 -48,000.00 -9,000.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities -19,309,000.00 -13,334,000.00 -7,227,000.00 -3,467,000.00 -16,684,000.00 -11,011,000.00 -6,260,000.00 6,481,000.00 -20,499,000.00 -9,086,000.00 -4,423,000.00 14,250,000.00 -25,886,000.00 -15,292,000.00 -4,634,000.00 1,816,000.00 -21,883,000.00 -7,140,000.00 -3,565,000.00
Financing Cash Flow 3,927,000.00 3,526,000.00 3,184,000.00 -1,163,000.00 4,671,000.00 5,544,000.00 1,526,000.00 -2,716,000.00 4,447,000.00 3,847,000.00 2,737,000.00 -4,952,000.00 11,010,000.00 6,498,000.00 1,283,000.00 -716,000.00 4,908,000.00 4,104,000.00 494,000.00
   Net Issuance/Repayment of Debt 20,616,000.00 9,726,000.00 1,735,000.00 -36,062,000.00 43,954,000.00 26,328,000.00 17,558,000.00 -36,839,000.00 44,101,000.00 36,546,000.00 22,165,000.00 -41,300,000.00 49,847,000.00 38,413,000.00 13,879,000.00 -25,822,000.00 35,281,000.00 26,954,000.00 17,621,000.00
   Net Issuance/Repurchase of Equity -72,000.00 -48,000.00 -23,000.00 5,414,000.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Dividends Paid 1,891,000.00 1,260,000.00 630,000.00 -784,000.00 1,514,000.00 993,000.00 474,000.00 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -18,508,000.00 -7,412,000.00 842,000.00 30,269,000.00 -40,797,000.00 -21,777,000.00 -16,506,000.00 34,123,000.00 -39,654,000.00 -32,699,000.00 -19,428,000.00 36,348,000.00 -38,837,000.00 -31,915,000.00 -12,596,000.00 25,106,000.00 -30,373,000.00 -22,850,000.00 -17,127,000.00
Net Change in Cash -798,000.00 -1,018,000.00 2,459,000.00 -1,461,000.00 608,000.00 1,180,000.00 236,000.00 -855,000.00 -174,000.00 94,000.00 904,000.00 428,000.00 171,000.00 25,000.00 16,000.00 764,000.00 -320,000.00 -467,000.00 -617,000.00
   Cash at Beginning of Period 1,570,000.00 1,733,000.00 -53,000.00 2,674,000.00 622,000.00 372,000.00 784,000.00 1,787,000.00 1,136,000.00 968,000.00 511,000.00 519,000.00 236,000.00 290,000.00 260,000.00 -457,000.00 751,000.00 786,000.00 875,000.00
   Cash at End of Period 772,000.00 715,000.00 2,406,000.00 1,213,000.00 1,230,000.00 1,552,000.00 1,020,000.00 932,000.00 962,000.00 1,062,000.00 1,415,000.00 947,000.00 407,000.00 315,000.00 276,000.00 307,000.00 431,000.00 319,000.00 258,000.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0