Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -0.84 -1.38 -1.69 2.77 -1.67
Price to Sales 0.14 0.19 0.29 0.63 1.37
Book Value Per Common Share -0.84 1.49 2.85 4.77 3.58
Price to Book -1.58 1.28 0.97 0.85 1.40
Price to Operating Cash Flow -7.71 -4.36 -2.31 -6.53 -3.62
Price to Free Cash Flow
Enterprise Value to EBITDA 4999.56
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31
Price to Earnings -2.88 -4.06 -6.62 -1.23 -1.41 -3.12 -2.59 -4.21 -6.50 -3.16 -4.46 -6.11 3.49 3.65 6.38
Price to Sales 0.21 0.29 0.76 0.24 0.35 0.91 0.27 0.53 1.57 0.46 0.76 2.34 1.24 2.65 5.67
Book Value Per Common Share -0.94 -0.70 -0.96 -0.02 0.06 0.34 1.89 2.14 2.30 3.11 3.70 4.22 4.71 5.33 4.34
Price to Book -1.56 -1.93 -1.45 -75.12 23.63 5.43 1.12 1.24 1.42 1.06 0.98 1.01 1.07 1.31 1.28
Price to Operating Cash Flow -5.68 -4.92 -4.05 -3.09 -2.42 -14.85 -7.40 -6.68 -6.22 -2.77 -4.52 -6.68 -6.21 -25.40 -32.01
Price to Free Cash Flow
Enterprise Value to EBITDA 10606.68 12344.55 18872.81

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY
Revenue YoY -5.44 9.31 49.12 74.52
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31
Earning YoY -24.08 119.54
Revenue YoY 51.73 148.94 65.41 103.90 60.04 142.02 48.89 160.48 55.46 169.11
EBITDA YoY -15.47 92.19
Net Profit YoY -24.23 119.70

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 0.67 0.69 1.59 4.06 1.23
Quick Ratio 0.13 0.18 0.34 0.88 0.24
Current Ratio 0.35 0.30 0.39 0.94 0.47
Debt to Equity 0.34 0.31 0.29 0.27 0.28
Long-Term Debt to Equity 0.22 0.23 0.22 0.22 0.23
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31
Cash Per Common Share 0.93 1.06 0.37 0.51 0.48 0.37 0.80 0.99 0.92 2.08 2.79 3.27 4.17 5.13 1.88
Quick Ratio 0.21 0.21 0.07 0.12 0.12 0.11 0.18 0.21 0.20 0.36 0.44 0.54 0.93 0.95 0.47
Current Ratio 0.17 0.16 0.23 0.42 0.40 0.15 0.33 0.36 0.26 0.42 0.49 0.60 1.05 1.09 0.86
Debt to Equity 0.52 0.51 0.51 106.62 50.92 26.91 11.66 10.61 9.99 7.52 6.63 6.17 5.71 5.25 5.98
Long-Term Debt to Equity 0.39 0.36 0.35 76.32 35.35 19.31 8.64 7.91 7.50 5.51 4.79 4.68 4.74 4.22 5.01

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -1.87 -1.44 -1.54 1.16 -2.36
ROE -2.51 -1.88 -1.98 1.47 -3.03
Gross Margin -470.74 -339.53 -360.59 -282.65
Operating Margin -55.66 -45.66 -62.23 126.24 -341.40
EBITDA Margin -48.21 -37.29 -51.27 126.28 -341.29
Net Profit Margin -16.41 -13.48 -17.38 22.87 -81.52
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31
ROA -0.89 -0.56 -0.36 -5.95 -4.56 -2.67 -3.43 -2.52 -1.98 -3.89 -2.83 -2.29 4.54 5.69 2.84
ROE -1.35 -0.86 -0.54 -640.14 -236.80 -74.62 -43.49 -29.20 -21.80 -33.17 -21.64 -16.42 30.48 35.55 19.81
Gross Margin -451.40 -453.87 -504.37 10.29 7.65 4.65 13.82 12.20 4.23 9.37 10.58 -1.14 -1.40
Operating Margin -12.91 -11.89 -27.94 -28.75 -39.40 -48.70 -12.99 -18.74 -42.59 -21.42 -25.87 -70.63 116.62 214.53 300.39
EBITDA Margin -2.21 -0.03 -15.45 -18.53 -29.48 -36.66 -4.60 -10.34 -30.52 -10.28 -14.67 -70.60 116.67 214.57 300.45
Net Profit Margin -7.43 -7.23 -11.52 -19.40 -24.57 -29.36 -10.31 -12.53 -24.26 -14.73 -16.99 -38.19 35.42 72.67 89.01

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Dividend Yield
Dividend Payout Ratio
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 1,884,044.00 2,132,204.00 2,348,220.00 2,750,808.00 2,760,676.00
   Current Assets 57,042.00 38,710.00 47,512.00 100,306.00 56,467.00
   Deposits 314.00 249.00 233.00 244.00 245.00
      Cash and Short-Term Investments 15,096.00 15,441.00 34,979.00 88,571.00 26,852.00
            Cash and Cash Equivalents 15,082.00 15,441.00 34,979.00 88,571.00 26,826.00
            Short-Term Investments 14.00 17.00 17.00 23.00 26.00
      Net Receivables 5,276.00 7,561.00 6,206.00 5,360.00 2,438.00
      Inventory 1,685.00 1,648.00 1,616.00 1,408.00 1,059.00
      Other Current Assets 34,985.00 14,060.00 4,711.00 4,967.00 26,118.00
   Non-Current Assets 1,827,002.00 2,093,494.00 2,300,708.00 2,650,502.00 2,704,209.00
      Property, Plant, Equipment Net 681,993.00 815,028.00 889,622.00 961,486.00 2,206,245.00
      Real Estate 113,424.00 127,222.00 136,749.00 140,028.00 153,643.00
      Goodwill 23,712.00 25,535.00 25,504.00 26,758.00 28,116.00
      Intangible Assets 4,345.00 4,817.00 5,523.00 7,273.00 16,374.00
      Long-Term Investments 3,138.00 4,756.00 4,756.00 4,993.00 5,025.00
      Non-Current Deferred Assets 953.00 299.00 447.00 2,220.00 10,086.00
      Other Non-Current Assets 1,112,861.00 1,243,059.00 1,374,856.00 1,647,772.00 438,363.00
Liabilities 475,801.00 500,055.00 523,776.00 582,642.00 608,996.00
   Current Liabilities 161,626.00 127,083.00 121,664.00 106,979.00 120,607.00
      Payables and Expenses 48,651.00 43,828.00 42,590.00 39,678.00 38,877.00
            Account Payables 0 0 0 0 0
            Current Accrued Liabilities 547.00 684.00 684.00 684.00 684.00
      Short-Term Debt 89,940.00 64,017.00 67,897.00 41,697.00 116,296.00
      Other Current Liabilities 23,035.00 19,238.00 11,177.00 25,604.00 -34,566.00
   Non-Current Liabilities 314,175.00 372,972.00 402,112.00 475,663.00 488,389.00
      Long-Term Debt 294,335.00 354,675.00 375,675.00 445,290.00 878,702.00
      Other Non-Current Liabilities 19,840.00 18,297.00 26,437.00 30,373.00 -390,313.00
Equity 1,408,243.00 1,632,149.00 1,824,444.00 2,168,166.00 2,151,680.00
   Shareholders Equity -18,710.00 33,087.00 62,856.00 104,074.00 77,769.00
      Capital Stock 255.00 254.00 252.00 250.00 248.00
      Share Premium 157,751.00 155,402.00 153,784.00 151,981.00 149,979.00
      Retained Earnings -114,790.00 -79,489.00 -48,816.00 -12,632.00 117,793.00
      Treasury Shares 40,407.00 40,407.00 40,407.00 40,407.00 40,407.00
      Accumulated Other Comprehensive Income -7,173.00 -2,673.00 -3,914.00 4,882.00 12,502.00
   Minority Interest -426.00 -91.00 423.00 986.00 3,404.00
Investments 3,138.00 4,756.00 4,756.00 4,993.00 5,025.00
Debt 384,275.00 418,692.00 443,572.00 486,987.00 994,998.00
Net Debt 369,179.00 403,251.00 408,593.00 398,416.00 968,146.00
Common Shares Outstanding 0 0 0 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 215,136.00 227,511.00 208,138.00 139,575.00 79,977.00
Cost Of Revenue 1,227,861.00 999,973.00 958,667.00 534,088.00 0
Gross Profit -1,012,725.00 -772,462.00 -750,529.00 -394,513.00 0
Operating Expenses -1,004,338.00 -768,261.00 -699,626.00 -304,736.00 0
   Selling, General and Administrative Expenses 49,588.00 45,281.00 48,047.00 58,731.00 55,168.00
   Other Operating Expenses -1,053,926.00 -813,542.00 -747,673.00 -363,467.00 0
Operating Income -8,387.00 -4,201.00 -50,903.00 -89,777.00 -156,351.00
Net Non-Operating Income -132,507.00 -119,091.00 -93,003.00 252,293.00 -126,047.00
Interest Expense 21,154.00 19,418.00 14,392.00 13,688.00 9,354.00
EBT -140,894.00 -123,292.00 -143,906.00 162,516.00 -282,398.00
Income Tax 481.00 590.00 819.00 5,944.00 9,828.00
Equity Method Investments Income -1,548.00 1,824.00 1,084.00 1,032.00 -1,796.00
Net Income Including Non-Controlling Interests -34,107.00 -29,649.00 -35,232.00 29,028.00 -63,886.00
Net Income Non-Controlling Interests -1,194.00 -1,024.00 -952.00 2,893.00 -1,314.00
Net Income -35,301.00 -30,673.00 -36,184.00 31,921.00 -65,200.00
EBIT -119,740.00 -103,874.00 -129,514.00 176,204.00 -273,044.00
Deprecation and Amortization 16,032.00 19,045.00 22,807.00 49.00 93.00
EBITDA -103,708.00 -84,829.00 -106,707.00 176,253.00 -272,951.00
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 22,401.66 22,222.63 22,020.92 21,801.72 21,749.15
Average Shares Outstanding Diluted 22,401.66 23,347.31 22,956.24 22,406.82 22,215.51
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -3,833.00 -9,735.00 -26,351.00 -13,498.00 -30,201.00
   Operating Net Income -107,097.00 -93,043.00 -109,504.00 101,549.00 -262,771.00
   Deprecation and Amortization 16,032.00 19,045.00 22,807.00 49.00 93.00
   Deferred Income Tax -776.00 149.00 1,647.00 967.00 401.00
   Share Based Compensation 2,356.00 1,863.00 1,888.00 2,152.00 1,421.00
   Change in Working Capital 7,817.00 2,408.00 -7,654.00 18,013.00 5,798.00
   Other Operating Activities 77,835.00 59,843.00 64,465.00 -136,228.00 224,857.00
Investing Cash Flow 3,961.00 -2,699.00 -9,486.00 129,610.00 -18,771.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 15,128.00 6,247.00 9,391.00 160,720.00 18,526.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities -11,167.00 -8,946.00 -18,877.00 -31,110.00 -37,297.00
Financing Cash Flow 337.00 -6,667.00 -16,557.00 -50,280.00 59,330.00
   Net Issuance/Repayment of Debt 31,365.00 13,836.00 16,020.00 133,803.00 120,311.00
   Net Issuance/Repurchase of Equity 0 0 0 0 670.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities -31,028.00 -20,503.00 -32,577.00 -184,083.00 -61,651.00
Net Change in Cash -359.00 -19,538.00 -53,592.00 61,737.00 14,691.00
   Cash at Beginning of Period 15,441.00 34,979.00 88,571.00 26,834.00 12,135.00
   Cash at End of Period 15,082.00 15,441.00 34,979.00 88,571.00 26,826.00
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 1,305,558.00 1,314,225.00 1,322,907.00 1,884,044.00 495,686.00 494,855.00 494,860.00 2,132,204.00 532,597.00 552,242.00 560,198.00 2,348,220.00 589,718.00 627,583.00 670,617.00 2,750,808.00 695,161.00 732,426.00 668,030.00 2,760,676.00
   Current Assets 18,808.00 21,271.00 33,144.00 57,042.00 59,046.00 58,652.00 20,283.00 38,710.00 41,528.00 46,255.00 32,850.00 47,512.00 58,691.00 74,430.00 83,523.00 100,306.00 105,485.00 131,458.00 79,960.00 56,467.00
   Deposits 333.00 296.00 305.00 314.00 312.00 301.00 302.00 249.00 247.00 242.00 242.00 233.00 236.00 236.00 244.00 244.00 244.00 245.00 245.00 245.00
      Cash and Short-Term Investments 21,061.00 23,968.00 8,359.00 15,096.00 11,501.00 10,745.00 8,350.00 15,441.00 17,655.00 21,858.00 20,392.00 34,979.00 45,868.00 61,471.00 71,815.00 88,571.00 90,912.00 111,777.00 40,945.00 26,852.00
            Cash and Cash Equivalents 21,048.00 23,955.00 8,344.00 15,082.00 11,483.00 10,727.00 8,332.00 15,441.00 17,639.00 21,841.00 20,377.00 34,979.00 45,850.00 61,449.00 71,815.00 88,571.00 90,887.00 111,752.00 40,920.00 26,826.00
            Short-Term Investments 13.00 13.00 15.00 14.00 18.00 18.00 18.00 17.00 16.00 17.00 15.00 17.00 18.00 22.00 21.00 23.00 25.00 25.00 25.00 26.00
      Net Receivables 2,777.00 3,371.00 1,404.00 5,276.00 5,435.00 7,647.00 7,104.00 7,561.00 5,779.00 5,447.00 4,858.00 6,206.00 4,601.00 5,277.00 3,358.00 5,360.00 2,565.00 2,795.00 2,492.00 2,438.00
      Inventory 1,655.00 1,522.00 1,441.00 1,685.00 1,705.00 1,347.00 1,318.00 1,648.00 1,488.00 1,522.00 1,417.00 1,616.00 1,355.00 1,469.00 1,350.00 1,408.00 1,123.00 1,097.00 896.00 1,059.00
      Other Current Assets -6,685.00 -7,590.00 21,940.00 34,985.00 40,405.00 38,913.00 3,511.00 14,060.00 16,606.00 17,428.00 6,183.00 4,711.00 6,867.00 6,213.00 7,000.00 4,967.00 10,885.00 15,789.00 35,627.00 26,118.00
   Non-Current Assets 1,286,750.00 1,292,954.00 1,289,763.00 1,827,002.00 436,640.00 436,203.00 474,577.00 2,093,494.00 491,069.00 505,987.00 527,348.00 2,300,708.00 531,027.00 553,153.00 587,094.00 2,650,502.00 589,676.00 600,968.00 588,070.00 2,704,209.00
      Property, Plant, Equipment Net 673,336.00 678,696.00 672,191.00 681,993.00 490,847.00 488,627.00 527,919.00 815,028.00 547,098.00 562,230.00 584,943.00 889,622.00 873,842.00 906,306.00 648,707.00 961,486.00 650,143.00 661,164.00 648,164.00 2,206,245.00
      Real Estate 0 0 0 113,424.00 0 0 0 127,222.00 0 0 0 136,749.00 0 0 0 140,028.00 0 0 0 153,643.00
      Goodwill 24,576.00 24,868.00 23,870.00 23,712.00 25,715.00 25,023.00 24,671.00 25,535.00 24,597.00 25,048.00 25,272.00 25,504.00 24,131.00 25,532.00 27,232.00 26,758.00 26,784.00 27,266.00 27,449.00 28,116.00
      Intangible Assets 1,710.00 1,744.00 1,767.00 4,345.00 1,841.00 1,899.00 1,944.00 4,817.00 2,110.00 2,197.00 2,292.00 5,523.00 2,548.00 2,783.00 3,058.00 7,273.00 3,470.00 3,738.00 3,997.00 16,374.00
      Long-Term Investments 3,447.00 3,306.00 3,187.00 3,138.00 4,294.00 4,428.00 4,539.00 4,756.00 4,488.00 4,538.00 4,707.00 4,756.00 4,352.00 4,636.00 5,108.00 4,993.00 4,882.00 5,112.00 4,896.00 5,025.00
      Non-Current Deferred Assets 1,591.00 1,284.00 766.00 953.00 238.00 2,109.00 112.00 299.00 489.00 456.00 420.00 447.00 2,316.00 2,372.00 2,233.00 2,220.00 4,709.00 3,343.00 3,318.00 10,086.00
      Other Non-Current Assets 582,090.00 583,056.00 587,982.00 1,112,861.00 -86,295.00 -85,883.00 -84,608.00 1,243,059.00 -87,713.00 -88,482.00 -90,286.00 1,374,856.00 -376,162.00 -388,476.00 -99,244.00 1,647,772.00 -100,312.00 -99,655.00 -99,754.00 438,363.00
Liabilities 448,198.00 446,503.00 449,649.00 475,801.00 491,080.00 485,324.00 477,132.00 500,055.00 490,542.00 504,676.00 509,226.00 523,776.00 520,484.00 545,356.00 577,123.00 582,642.00 591,588.00 615,227.00 572,280.00 608,996.00
   Current Liabilities 111,492.00 130,451.00 141,854.00 161,626.00 139,536.00 148,439.00 134,849.00 127,083.00 127,192.00 128,203.00 127,045.00 121,664.00 138,908.00 151,842.00 139,136.00 106,979.00 100,670.00 120,118.00 92,955.00 120,607.00
      Payables and Expenses 55,027.00 51,347.00 48,744.00 48,651.00 44,636.00 44,392.00 47,826.00 43,828.00 41,896.00 39,435.00 40,418.00 42,590.00 38,497.00 39,936.00 40,055.00 39,678.00 40,513.00 56,758.00 44,520.00 38,877.00
            Account Payables 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
            Current Accrued Liabilities 496.00 496.00 496.00 547.00 493.00 532.00 525.00 684.00 684.00 684.00 684.00 684.00 684.00 684.00 684.00 684.00 684.00 684.00 684.00 684.00
      Short-Term Debt 36,627.00 58,412.00 73,721.00 89,940.00 74,806.00 80,396.00 64,055.00 64,017.00 64,155.00 71,757.00 72,117.00 67,897.00 80,895.00 85,100.00 66,093.00 41,697.00 26,264.00 27,050.00 25,274.00 116,296.00
      Other Current Liabilities 19,838.00 20,692.00 19,389.00 23,035.00 20,094.00 23,651.00 22,968.00 19,238.00 21,141.00 17,011.00 14,510.00 11,177.00 19,516.00 26,806.00 32,988.00 25,604.00 33,893.00 36,310.00 23,161.00 -34,566.00
   Non-Current Liabilities 336,706.00 316,052.00 307,795.00 314,175.00 351,544.00 336,885.00 342,283.00 372,972.00 363,350.00 376,473.00 382,181.00 402,112.00 381,576.00 393,514.00 437,987.00 475,663.00 490,918.00 495,109.00 479,325.00 488,389.00
      Long-Term Debt 316,755.00 295,341.00 287,774.00 294,335.00 331,536.00 318,876.00 324,480.00 354,675.00 345,679.00 352,070.00 356,265.00 375,675.00 360,094.00 370,826.00 413,859.00 445,290.00 462,257.00 466,409.00 444,120.00 878,702.00
      Other Non-Current Liabilities 19,951.00 20,711.00 20,021.00 19,840.00 20,008.00 18,009.00 17,803.00 18,297.00 17,671.00 24,403.00 25,916.00 26,437.00 21,482.00 22,688.00 24,128.00 30,373.00 28,661.00 28,700.00 35,205.00 -390,313.00
Equity 857,360.00 867,722.00 873,258.00 1,408,243.00 4,606.00 9,531.00 17,728.00 1,632,149.00 42,055.00 47,566.00 50,972.00 1,824,444.00 69,234.00 82,227.00 93,494.00 2,168,166.00 103,573.00 117,199.00 95,750.00 2,151,680.00
   Shareholders Equity -21,322.00 -15,717.00 -21,506.00 -18,710.00 -487.00 1,344.00 7,575.00 33,087.00 41,998.00 47,441.00 50,763.00 62,856.00 68,541.00 81,388.00 92,628.00 104,074.00 102,580.00 116,101.00 94,543.00 77,769.00
      Capital Stock 258.00 258.00 255.00 255.00 255.00 255.00 254.00 254.00 253.00 253.00 252.00 252.00 251.00 251.00 251.00 250.00 249.00 249.00 249.00 248.00
      Share Premium 159,087.00 158,696.00 158,351.00 157,751.00 157,132.00 156,529.00 156,078.00 155,402.00 154,903.00 154,290.00 154,095.00 153,784.00 153,275.00 152,778.00 152,364.00 151,981.00 151,383.00 150,780.00 150,332.00 149,979.00
      Retained Earnings -126,370.00 -122,213.00 -119,542.00 -114,790.00 -108,974.00 -102,058.00 -92,717.00 -79,489.00 -67,104.00 -62,705.00 -59,927.00 -48,816.00 -35,599.00 -30,422.00 -27,986.00 -12,632.00 -12,981.00 -2,886.00 -25,588.00 117,793.00
      Treasury Shares 40,407.00 40,407.00 40,407.00 40,407.00 40,407.00 40,407.00 40,447.41 40,407.00 40,407.00 40,407.00 40,407.00 40,407.00 40,407.00 40,407.00 40,407.00 40,407.00 40,407.00 40,407.00 40,407.00 40,407.00
      Accumulated Other Comprehensive Income -4,630.00 -4,017.00 -6,721.00 -7,173.00 -2,831.00 -4,325.00 -5,211.00 -2,673.00 -5,647.00 -3,990.00 -3,250.00 -3,914.00 -17,958.00 -1,624.00 8,406.00 4,882.00 4,336.00 8,365.00 9,957.00 12,502.00
   Minority Interest -950.00 -745.00 -616.00 -426.00 -569.00 -463.00 -269.00 -91.00 57.00 125.00 209.00 423.00 693.00 839.00 866.00 986.00 993.00 1,098.00 1,207.00 3,404.00
Investments 3,447.00 3,306.00 3,187.00 3,138.00 4,294.00 4,428.00 4,539.00 4,756.00 4,488.00 4,538.00 4,707.00 4,756.00 4,352.00 4,636.00 5,108.00 4,993.00 4,882.00 5,112.00 4,896.00 5,025.00
Debt 353,382.00 353,753.00 361,495.00 384,275.00 406,342.00 399,272.00 388,535.00 418,692.00 409,834.00 423,827.00 428,382.00 443,572.00 440,989.00 455,926.00 479,952.00 486,987.00 488,521.00 493,459.00 469,394.00 994,998.00
Net Debt 332,321.00 329,785.00 353,136.00 369,179.00 394,841.00 388,527.00 380,185.00 403,251.00 392,179.00 401,969.00 407,990.00 408,593.00 395,121.00 394,455.00 408,137.00 398,416.00 397,609.00 381,682.00 428,449.00 968,146.00
Common Shares Outstanding 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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
Revenues 155,805.00 102,684.00 41,249.00 -73,728.00 151,951.00 91,861.00 45,052.00 -106,582.00 177,425.00 110,861.00 45,807.00 -92,682.00 155,908.00 104,712.00 40,200.00 -28,213.00 89,142.00 57,339.00 21,307.00
Cost Of Revenue 859,115.00 568,740.00 249,298.00 963,762.00 136,310.00 84,834.00 42,955.00 705,869.00 152,897.00 97,338.00 43,869.00 683,079.00 141,294.00 93,634.00 40,660.00 443,701.00 90,387.00 0 0
Gross Profit -703,310.00 -466,056.00 -208,049.00 -1,037,490.00 15,641.00 7,027.00 2,097.00 -812,451.00 24,528.00 13,523.00 1,938.00 -775,761.00 14,614.00 11,078.00 -460.00 -393,268.00 -1,245.00 0 0
Operating Expenses -720,558.00 -474,214.00 -192,515.00 -1,074,177.00 27,556.00 26,105.00 16,178.00 -815,273.00 14,665.00 15,317.00 17,030.00 -803,833.00 46,748.00 31,915.00 25,544.00 -390,126.00 85,390.00 0 0
   Selling, General and Administrative Expenses 38,314.00 26,476.00 12,855.00 -6,319.00 27,554.00 18,776.00 9,577.00 -9,877.00 27,707.00 18,177.00 9,274.00 -13,919.00 30,613.00 21,166.00 10,187.00 -3,410.00 31,162.00 21,779.00 9,200.00
   Other Operating Expenses -758,872.00 -500,690.00 -205,370.00 -1,067,858.00 2.00 7,329.00 6,601.00 -805,396.00 -13,042.00 -2,860.00 7,756.00 -789,914.00 16,135.00 10,749.00 15,357.00 -417,695.00 54,228.00 0 0
Operating Income 17,248.00 8,158.00 -15,534.00 36,687.00 -11,915.00 -19,078.00 -14,081.00 2,822.00 9,863.00 -1,794.00 -15,092.00 28,072.00 -32,134.00 -20,837.00 -26,004.00 92,719.00 -86,635.00 -62,598.00 -33,263.00
Net Non-Operating Income -50,634.00 -29,460.00 -734.00 -44,170.00 -47,539.00 -27,652.00 -13,146.00 -35,608.00 -46,980.00 -27,968.00 -8,535.00 -63,100.00 -11,505.00 -12,805.00 -5,593.00 -199,008.00 180,159.00 178,237.00 92,905.00
Interest Expense 13,270.00 9,096.00 4,742.00 -10,435.00 15,766.00 10,537.00 5,286.00 -7,753.00 14,063.00 8,991.00 4,117.00 -5,603.00 10,242.00 6,548.00 3,205.00 -8,480.00 10,437.00 7,368.00 4,363.00
EBT -33,386.00 -21,302.00 -16,268.00 -7,483.00 -59,454.00 -46,730.00 -27,227.00 -32,786.00 -37,117.00 -29,762.00 -23,627.00 -35,028.00 -43,639.00 -33,642.00 -31,597.00 -106,289.00 93,524.00 115,639.00 59,642.00
Income Tax 1,071.00 753.00 472.00 -442.00 321.00 379.00 223.00 -786.00 313.00 583.00 480.00 -2,211.00 1,492.00 1,160.00 378.00 -27,439.00 12,380.00 13,275.00 7,728.00
Equity Method Investments Income 1,284.00 924.00 69.00 -1,756.00 164.00 94.00 -50.00 1,136.00 443.00 226.00 19.00 809.00 233.00 172.00 -130.00 741.00 158.00 233.00 -100.00
Net Income Including Non-Controlling Interests -10,626.00 -6,767.00 -4,370.00 29,123.00 -28,523.00 -21,829.00 -12,878.00 11,900.00 -17,567.00 -13,297.00 -10,685.00 20,015.00 -22,511.00 -17,580.00 -15,156.00 -54,190.00 28,683.00 38,673.00 15,862.00
Net Income Non-Controlling Interests -954.00 -656.00 -382.00 858.00 -962.00 -740.00 -350.00 716.00 -722.00 -592.00 -426.00 -88.00 -456.00 -210.00 -198.00 -6,093.00 2,889.00 2,994.00 3,103.00
Net Income -11,580.00 -7,423.00 -4,752.00 29,981.00 -29,485.00 -22,569.00 -13,228.00 12,616.00 -18,289.00 -13,889.00 -11,111.00 19,927.00 -22,967.00 -17,790.00 -15,354.00 -60,283.00 31,572.00 41,667.00 18,965.00
EBIT -20,116.00 -12,206.00 -11,526.00 -17,918.00 -43,688.00 -36,193.00 -21,941.00 -40,539.00 -23,054.00 -20,771.00 -19,510.00 -40,631.00 -33,397.00 -27,094.00 -28,392.00 -114,769.00 103,961.00 123,007.00 64,005.00
Deprecation and Amortization 16,679.00 12,176.00 5,154.00 -14,033.00 15,531.00 9,110.00 5,424.00 -10,685.00 14,894.00 9,305.00 5,531.00 -6,313.00 17,372.00 11,736.00 12.00 -25.00 37.00 25.00 12.00
EBITDA -3,437.00 -30.00 -6,372.00 -31,951.00 -28,157.00 -27,083.00 -16,517.00 -51,224.00 -8,160.00 -11,466.00 -13,979.00 -46,944.00 -16,025.00 -15,358.00 -28,380.00 -114,794.00 103,998.00 123,032.00 64,017.00
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 22,631.66 22,586.02 22,426.18 22,483.39 22,394.38 22,379.88 22,348.99 22,383.24 22,208.76 22,183.62 22,114.93 22,120.76 22,011.76 21,995.19 21,955.99 21,868.86 21,792.01 21,784.70 21,761.31
Average Shares Outstanding Diluted 22,631.66 22,586.02 22,426.18 20,697.19 23,265.58 23,294.89 22,348.99 24,858.58 22,208.76 23,423.91 22,897.99 24,404.93 22,011.76 22,907.63 22,500.66 22,537.42 22,462.66 22,456.92 22,170.27
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 -5,856.00 -6,151.00 -7,702.00 23,912.00 -11,818.00 -13,157.00 -2,770.00 16,991.00 -6,366.00 -8,808.00 -11,552.00 31,382.00 -26,114.00 -17,557.00 -14,062.00 14,014.00 -17,760.00 -5,978.00 -3,774.00
   Operating Net Income -12,057.00 -7,751.00 -14,638.00 -14,158.00 -29,966.00 -22,939.00 -40,034.00 -26,449.00 -18,650.00 -14,185.00 -33,759.00 -22,154.00 -23,195.00 -17,895.00 -46,260.00 -40,674.00 34,461.00 44,661.00 63,101.00
   Deprecation and Amortization 16,679.00 12,176.00 5,154.00 -14,033.00 15,531.00 9,110.00 5,424.00 -10,685.00 14,894.00 9,305.00 5,531.00 -6,313.00 17,372.00 11,736.00 12.00 -25.00 37.00 25.00 12.00
   Deferred Income Tax -534.00 -238.00 199.00 820.00 71.00 -1,824.00 157.00 267.00 -98.00 -31.00 11.00 2,220.00 -370.00 -270.00 67.00 2,616.00 -1,570.00 -79.00 0
   Share Based Compensation 1,521.00 1,130.00 600.00 -1,193.00 1,737.00 1,134.00 678.00 -695.00 1,364.00 751.00 443.00 -789.00 1,379.00 882.00 416.00 -748.00 1,521.00 915.00 464.00
   Change in Working Capital 12,959.00 8,635.00 2,136.00 -198.00 328.00 2,413.00 5,274.00 65.00 3,245.00 -406.00 -496.00 11,119.00 -11,146.00 -7,069.00 -558.00 -59,077.00 26,578.00 38,848.00 11,664.00
   Other Operating Activities -24,424.00 -20,103.00 -1,153.00 52,674.00 481.00 -1,051.00 25,731.00 54,488.00 -7,121.00 -4,242.00 16,718.00 47,299.00 -10,154.00 -4,941.00 32,261.00 111,922.00 -78,787.00 -90,348.00 -79,015.00
Investing Cash Flow 37,322.00 37,806.00 17,878.00 -16,063.00 4,989.00 7,398.00 7,637.00 8,449.00 -6,191.00 -3,430.00 -1,527.00 2,402.00 -6,419.00 -3,694.00 -1,775.00 -192,000.00 127,506.00 130,198.00 63,906.00
   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 39,674.00 39,076.00 18,384.00 -22,331.00 14,161.00 11,778.00 11,520.00 -4,901.00 6,191.00 3,430.00 1,527.00 -2,398.00 6,387.00 3,661.00 1,741.00 -405,111.00 156,676.00 281,923.00 127,232.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities -2,352.00 -1,270.00 -506.00 6,268.00 -9,172.00 -4,380.00 -3,883.00 13,350.00 -12,382.00 -6,860.00 -3,054.00 4,800.00 -12,806.00 -7,355.00 -3,516.00 213,111.00 -29,170.00 -151,725.00 -63,326.00
Financing Cash Flow -36,172.00 -34,883.00 -16,853.00 8,310.00 2,127.00 1,125.00 -11,225.00 -660.00 -3,886.00 -712.00 -1,409.00 -2,756.00 -7,946.00 -4,249.00 -1,606.00 73,226.00 -40,954.00 -36,839.00 -45,713.00
   Net Issuance/Repayment of Debt 35,061.00 33,864.00 16,853.00 -33,598.00 29,438.00 24,391.00 11,134.00 -4,442.00 10,726.00 6,428.00 1,124.00 2,988.00 7,567.00 3,913.00 1,552.00 -156,448.00 124,731.00 120,619.00 44,901.00
   Net Issuance/Repurchase of Equity 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -71,233.00 -68,747.00 -33,706.00 41,908.00 -27,311.00 -23,266.00 -22,359.00 3,782.00 -14,612.00 -7,140.00 -2,533.00 -5,744.00 -15,513.00 -8,162.00 -3,158.00 229,674.00 -165,685.00 -157,458.00 -90,614.00
Net Change in Cash -4,534.00 -3,127.00 -6,738.00 15,422.00 -3,958.00 -4,714.00 -7,109.00 25,542.00 -17,340.00 -13,138.00 -14,602.00 33,007.00 -42,721.00 -27,122.00 -16,756.00 -101,344.00 64,061.00 84,926.00 14,094.00
   Cash at Beginning of Period 15,082.00 15,127.00 15,082.00 -340.00 15,441.00 15,441.00 15,441.00 -10,101.00 34,979.00 34,979.00 34,979.00 1,972.00 88,571.00 88,571.00 88,571.00 189,915.00 26,826.00 26,826.00 26,826.00
   Cash at End of Period 10,548.00 12,000.00 8,344.00 15,082.00 11,483.00 10,727.00 8,332.00 15,441.00 17,639.00 21,841.00 20,377.00 34,979.00 45,850.00 61,449.00 71,815.00 88,571.00 90,887.00 111,752.00 40,920.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0