RZB
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Price to Earnings | 2.26 | 1.86 | 2.48 | 3.22 | |
| Price to Sales | 0.07 | 0.09 | 0.10 | 0.12 | |
| Book Value Per Common Share | 493.13 | 410.91 | 185.87 | 575.84 | 658.35 |
| Price to Book | 0.05 | 0.06 | 0.12 | 0.05 | |
| Price to Operating Cash Flow | 0.18 | 0.39 | 0.87 | 0.48 | |
| Price to Free Cash Flow | 0.40 | ||||
| Enterprise Value to EBITDA | 3467.20 | 4297.45 | 5999.58 | 9724.57 |
| 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 | 2.28 | 3.48 | 5.68 | 2.91 | 4.00 | 7.81 | 2.24 | 3.63 | 6.79 | 3.96 | 12.50 | -29.46 | 4.18 | 4.03 | 13.79 |
| Price to Sales | 0.10 | 0.15 | 0.30 | 0.10 | 0.15 | 0.26 | 0.12 | 0.20 | 0.40 | 0.14 | 0.22 | 0.47 | 0.16 | 0.24 | 0.46 |
| Book Value Per Common Share | 196.64 | 182.62 | 172.76 | 168.59 | 147.50 | 143.45 | 122.17 | 116.49 | 113.82 | 54.52 | 87.15 | 137.04 | 189.49 | 197.71 | 177.79 |
| Price to Book | 0.13 | 0.13 | 0.14 | 0.15 | 0.17 | 0.17 | 0.20 | 0.21 | 0.22 | 0.45 | 0.29 | 0.20 | 0.15 | 0.14 | 0.16 |
| Price to Operating Cash Flow | -0.51 | -0.72 | -1.14 | -0.21 | -0.25 | -0.29 | -0.59 | -0.92 | -1.09 | 1.54 | 6.95 | 11.26 | 0.50 | 0.84 | 0.81 |
| Price to Free Cash Flow | -1.13 | -0.25 | -0.29 | ||||||||||||
| Enterprise Value to EBITDA | 4216.46 | 5998.87 | 49305.17 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Earning YoY | -19.85 | 46.08 | 2.31 | 43.31 | |
| Revenue YoY | 22.73 | 14.20 | -2.40 | 14.13 | |
| EBITDA YoY | 19.67 | 51.28 | 26.13 | -1.59 | |
| Net Profit YoY | -20.51 | 44.78 | 0.97 | 48.67 |
| 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 | 54.47 | 62.82 | 37.58 | 96.25 | 63.12 | 81.96 | 3769900.00 | 210.95 | -4.64 | 248.53 | |||||
| Revenue YoY | 56.73 | 106.33 | 50.39 | 76.98 | 61.29 | 97.77 | 52.01 | 98.91 | 48.97 | 100.44 | |||||
| EBITDA YoY | 44.07 | ||||||||||||||
| Net Profit YoY | 54.29 | 62.94 | 37.77 | 96.67 | 62.80 | 81.35 | 260.00 | 210.37 | -4.55 | 247.48 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Cash Per Common Share | 120.73 | 127.81 | 116.52 | 129.56 | 157.69 |
| Quick Ratio | |||||
| Current Ratio | |||||
| Debt to Equity | 0.74 | 0.41 | 0.45 | 0.38 | 0.36 |
| Long-Term Debt to Equity |
| 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 | 171.38 | 178.74 | 147.83 | 164.15 | 149.48 | 246.33 | 104.83 | 102.36 | 130.25 | 121.72 | 108.49 | 127.00 | 124.79 | 145.59 | 123.04 |
| Quick Ratio | |||||||||||||||
| Current Ratio | |||||||||||||||
| Debt to Equity | 10.63 | 9.99 | 0.74 | 0.45 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.48 | 0.46 | 0.44 | 0.42 | 0.41 | 0.42 |
| Long-Term Debt to Equity |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| ROA | 0.28 | 0.30 | 0.24 | 0.22 | 0.16 |
| ROE | 0.49 | 0.42 | 0.35 | 0.30 | 0.21 |
| Gross Margin | -143.97 | -57.86 | 21.11 | 19.04 | 19.09 |
| Operating Margin | 19.34 | 20.10 | 15.19 | 11.69 | 13.58 |
| EBITDA Margin | 20.48 | 21.01 | 15.86 | 12.27 | 14.23 |
| Net Profit Margin | 3.15 | 4.86 | 3.83 | 3.70 | 2.84 |
| 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 | 0.47 | 0.35 | 0.10 | 0.16 | 0.13 | 0.07 | 0.29 | 0.17 | 0.10 | 0.17 | 0.05 | 0.00 | 0.17 | 0.19 | 0.06 |
| ROE | 5.50 | 3.84 | 0.18 | 0.23 | 0.18 | 0.10 | 0.41 | 0.25 | 0.14 | 0.25 | 0.08 | 0.00 | 0.24 | 0.26 | 0.08 |
| Gross Margin | -69.17 | -68.05 | -68.91 | 5.45 | 4.66 | 11.77 | 7.61 | 18.16 | 18.04 | 20.72 | 18.14 | 13.44 | 19.92 | 22.84 | 18.62 |
| Operating Margin | 22.47 | 24.43 | 26.57 | 16.40 | 18.08 | 15.99 | 24.58 | 25.10 | 27.71 | 16.80 | 9.72 | -2.72 | 13.25 | 22.50 | 8.86 |
| EBITDA Margin | 22.53 | 24.51 | 9.42 | ||||||||||||
| Net Profit Margin | 4.16 | 4.23 | 5.36 | 3.37 | 3.68 | 3.31 | 5.49 | 5.44 | 5.93 | 3.53 | 1.73 | -0.03 | 3.75 | 5.85 | 3.37 |
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 | 253,753,000.02 | 302,327,000.00 | 259,461,000.00 | 286,381,000.00 | 263,643,000.00 |
| Cash and Short-Term Investments | 7,944,000.00 | 8,474,000.00 | 7,795,000.00 | 8,784,000.00 | 10,313,000.00 |
| Cash and Cash Equivalents | 7,264,000.00 | 7,977,000.00 | 7,401,000.00 | 8,470,000.00 | 9,692,000.00 |
| Short-Term Investments | 680,000.00 | 497,000.00 | 394,000.00 | 314,000.00 | 621,000.00 |
| Net Receivables | 7,842,000.00 | 6,564,000.00 | 5,533,000.00 | 5,020,000.00 | 4,886,000.00 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 |
| Property, Plant, Equipment Net | 325,000.00 | 279,000.00 | 270,000.00 | 270,000.00 | 260,000.00 |
| Real Estate | 3,067,000.00 | 2,635,000.00 | 2,327,000.00 | 0 | 0 |
| Goodwill | 0 | 0 | 7,000.00 | 7,000.00 | 7,000.00 |
| 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 | 0 | 0 | 0 | 0 | 0 |
| Liabilities | 107,769,000.00 | 88,452,000.00 | 80,471,000.00 | 79,161,000.00 | 70,304,000.00 |
| Payables and Expenses | 0 | 0 | 0 | 0 | 0 |
| Account Payables | 0 | 0 | 0 | 0 | 0 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 53,000.00 | 46,000.00 | 18,000.00 | 6,000.00 | 12,000.00 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Equity | 145,984,000.02 | 213,875,000.00 | 178,990,000.00 | 207,220,000.00 | 193,339,000.00 |
| Shareholders Equity | 32,448,000.00 | 27,243,000.00 | 12,435,000.00 | 39,042,000.00 | 43,056,000.00 |
| Capital Stock | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 |
| Share Premium | 2,600,000.00 | 2,544,000.00 | 2,502,000.00 | 2,461,000.00 | 2,406,000.00 |
| Retained Earnings | 9,255,000.00 | 8,805,000.00 | 8,967,000.00 | 8,563,000.00 | 8,148,000.00 |
| Treasury Shares | 1,889,000.00 | 1,900,000.00 | 1,720,000.00 | 1,653,000.00 | 1,562,000.00 |
| Accumulated Other Comprehensive Income | 849,000.00 | -738,000.00 | -11,210,000.00 | 3,642,000.00 | 5,359,000.00 |
| Minority Interest | 90,000.00 | 90,000.00 | 90,000.00 | 0 | 0 |
| Investments | 674,650,000.00 | 532,937,000.00 | 481,382,000.00 | 532,763,000.00 | 342,751,000.00 |
| Debt | 9,153,000.00 | 7,895,000.00 | 7,429,000.00 | 6,839,000.00 | 7,142,000.00 |
| Net Debt | 1,209,000.00 | 0 | 0 | 0 | 0 |
| 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 | 22,788,000.00 | 18,567,000.00 | 16,258,000.00 | 16,658,000.00 | 14,596,000.00 |
| Net Premiums | 17,843,000.00 | 15,085,000.00 | 13,078,000.00 | 12,513,000.00 | 11,694,000.00 |
| Cost Of Revenue | 55,596,000.00 | 29,310,000.00 | 12,826,000.00 | 13,486,000.00 | 11,809,000.00 |
| Gross Profit | -32,808,000.00 | -10,743,000.00 | 3,432,000.00 | 3,172,000.00 | 2,787,000.00 |
| Selling, General and Administrative Expenses | 60,000.00 | 46,000.00 | 45,000.00 | 55,000.00 | 12,000.00 |
| Interest Expense | 607,000.00 | 257,000.00 | 184,000.00 | 127,000.00 | 170,000.00 |
| EBT | 3,800,000.00 | 3,475,000.00 | 2,285,000.00 | 1,820,000.00 | 1,812,000.00 |
| Income Tax | 78,000.00 | 164,000.00 | 153,000.00 | 90,000.00 | 128,000.00 |
| Net Income Including Non-Controlling Interests | 710,000.00 | 895,000.00 | 619,000.00 | 0 | 0 |
| Net Income Non-Controlling Interests | 7,000.00 | 7,000.00 | 4,000.00 | 0 | 0 |
| Net Income | 717,000.00 | 902,000.00 | 623,000.00 | 617,000.00 | 415,000.00 |
| EBIT | 4,407,000.00 | 3,732,000.00 | 2,469,000.00 | 1,947,000.00 | 1,982,000.00 |
| Deprecation and Amortization | 260,000.00 | 168,000.00 | 109,000.00 | 97,000.00 | 95,000.00 |
| EBITDA | 4,667,000.00 | 3,900,000.00 | 2,578,000.00 | 2,044,000.00 | 2,077,000.00 |
| EPS | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Diluted EPS | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Average Shares Outstanding Basic | 65,800.00 | 66,300.00 | 66,900.00 | 67,800.00 | 65,400.00 |
| Average Shares Outstanding Diluted | 66,900.00 | 67,100.00 | 67,700.00 | 68,300.00 | 65,800.00 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Operating Cash Flow | 9,036,000.00 | 4,273,000.00 | 1,772,000.00 | 4,162,000.00 | 3,398,000.00 |
| Operating Net Income | 0 | 0 | 627,000.00 | 2,113,000.00 | 1,295,000.00 |
| Deprecation and Amortization | 260,000.00 | 168,000.00 | 109,000.00 | 97,000.00 | 95,000.00 |
| Deferred Income Tax | -61,000.00 | 211,000.00 | 75,000.00 | -89,000.00 | -16,000.00 |
| Share Based Compensation | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | -161,000.00 | 113,000.00 | 333,000.00 | 97,000.00 | -225,000.00 |
| Other Operating Activities | 8,998,000.00 | 3,781,000.00 | 628,000.00 | 1,944,000.00 | 2,249,000.00 |
| Investing Cash Flow | -12,568,000.00 | -4,052,000.00 | -5,920,000.00 | -4,399,000.00 | -2,991,000.00 |
| Capital Expenditure | 0.00 | -102,000.00 | 0.00 | 0.00 | 0.00 |
| Net Purchase/Sale of PPE | 28,000.00 | -102,000.00 | 25,000.00 | 19,000.00 | 28,000.00 |
| Net Purchase/Sale of Investments Net | 70,328,000.00 | 22,132,000.00 | 28,328,000.00 | 30,994,000.00 | 1,334,000.00 |
| Net Purchase/Sale of Business | 7,000.00 | 1,000.00 | 7,000.00 | 205,000.00 | 0 |
| Other Investing Activities | -82,931,000.00 | -25,981,000.00 | -34,280,000.00 | -35,617,000.00 | -4,353,000.00 |
| Financing Cash Flow | 4,041,000.00 | -361,000.00 | 4,445,000.00 | -591,000.00 | 1,973,000.00 |
| Net Issuance/Repayment of Debt | 668,000.00 | 1,718,000.00 | 703,000.00 | 1,104,000.00 | 1,199,000.00 |
| Net Issuance/Repurchase of Equity | 27,000.00 | 227,000.00 | 81,000.00 | 99,000.00 | 1,771,000.00 |
| Dividends Paid | 229,000.00 | 219,000.00 | 205,000.00 | 194,000.00 | 182,000.00 |
| Other Financing Activities | 3,117,000.00 | -2,525,000.00 | 3,456,000.00 | -1,988,000.00 | -1,179,000.00 |
| Net Change in Cash | 379,000.00 | -153,000.00 | 185,000.00 | -460,000.00 | 1,959,000.00 |
| Cash at Beginning of Period | 2,947,000.00 | 3,123,000.00 | 2,742,000.00 | 0 | 0 |
| Cash at End of Period | 3,326,000.00 | 2,970,000.00 | 2,927,000.00 | 0 | 0 |
| Free Cash Flow | 0 | 4,171,000.00 | 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 | 152,003,000.00 | 133,479,000.00 | 274,920,000.00 | 253,753,000.02 | 351,908,000.00 | 326,352,000.00 | 313,250,000.00 | 302,327,000.00 | 259,797,000.00 | 264,748,000.00 | 264,996,000.00 | 259,461,000.00 | 244,495,000.00 | 250,496,000.00 | 263,636,000.00 | 286,381,000.00 | 267,135,000.00 | 259,900,000.00 | 245,874,000.00 | 263,643,000.00 |
| Cash and Short-Term Investments | 11,311,000.00 | 11,797,000.00 | 9,757,000.00 | 7,944,000.00 | 10,834,000.00 | 9,866,000.00 | 16,258,000.00 | 8,474,000.00 | 6,919,000.00 | 6,858,000.00 | 8,727,000.00 | 7,795,000.00 | 8,155,000.00 | 7,269,000.00 | 8,509,000.00 | 8,784,000.00 | 8,486,000.00 | 9,900,000.00 | 8,367,000.00 | 10,313,000.00 |
| Cash and Cash Equivalents | 10,619,000.00 | 11,023,000.00 | 8,985,000.00 | 7,264,000.00 | 10,190,000.00 | 9,294,000.00 | 15,646,000.00 | 7,977,000.00 | 6,543,000.00 | 6,405,000.00 | 8,214,000.00 | 7,401,000.00 | 7,706,000.00 | 6,756,000.00 | 7,914,000.00 | 8,470,000.00 | 8,190,000.00 | 9,515,000.00 | 8,108,000.00 | 9,692,000.00 |
| Short-Term Investments | 692,000.00 | 774,000.00 | 772,000.00 | 680,000.00 | 644,000.00 | 572,000.00 | 612,000.00 | 497,000.00 | 376,000.00 | 453,000.00 | 513,000.00 | 394,000.00 | 449,000.00 | 513,000.00 | 595,000.00 | 314,000.00 | 296,000.00 | 385,000.00 | 259,000.00 | 621,000.00 |
| Net Receivables | 9,135,000.00 | 8,558,000.00 | 7,985,000.00 | 7,842,000.00 | 7,718,000.00 | 7,159,000.00 | 6,574,000.00 | 6,564,000.00 | 6,255,000.00 | 6,129,000.00 | 5,802,000.00 | 5,533,000.00 | 5,332,000.00 | 5,172,000.00 | 5,195,000.00 | 5,020,000.00 | 5,309,000.00 | 5,202,000.00 | 5,157,000.00 | 4,886,000.00 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Property, Plant, Equipment Net | 0 | 0 | 0 | 325,000.00 | 0 | 0 | 0 | 279,000.00 | 0 | 0 | 0 | 270,000.00 | 0 | 0 | 0 | 270,000.00 | 0 | 0 | 0 | 260,000.00 |
| Real Estate | 3,648,000.00 | 3,338,000.00 | 3,228,000.00 | 3,067,000.00 | 2,972,000.00 | 2,791,000.00 | 2,697,000.00 | 2,635,000.00 | 2,560,000.00 | 2,473,000.00 | 2,405,000.00 | 2,327,000.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,000.00 | 0 | 0 | 0 | 7,000.00 | 0 | 0 | 0 | 7,000.00 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Liabilities | 138,935,000.00 | 121,336,000.00 | 116,718,000.00 | 107,769,000.00 | 109,041,000.00 | 100,063,000.00 | 96,442,000.00 | 88,452,000.00 | 79,269,000.00 | 81,145,000.00 | 81,404,000.00 | 80,471,000.00 | 78,962,000.00 | 78,680,000.00 | 80,489,000.00 | 79,161,000.00 | 78,564,000.00 | 75,500,000.00 | 72,720,000.00 | 70,304,000.00 |
| Payables and Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 2,000.00 | 0 | 53,000.00 | 58,000.00 | 55,000.00 | 50,000.00 | 46,000.00 | 45,000.00 | 40,000.00 | 30,000.00 | 18,000.00 | 27,000.00 | 10,000.00 | 9,000.00 | 6,000.00 | 29,000.00 | 24,000.00 | 26,000.00 | 12,000.00 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity | 13,068,000.00 | 12,143,000.00 | 158,202,000.00 | 145,984,000.02 | 242,867,000.00 | 226,289,000.00 | 216,808,000.00 | 213,875,000.00 | 180,528,000.00 | 183,603,000.00 | 183,592,000.00 | 178,990,000.00 | 165,533,000.00 | 171,816,000.00 | 183,147,000.00 | 207,220,000.00 | 188,571,000.00 | 184,400,000.00 | 173,154,000.00 | 193,339,000.00 |
| Shareholders Equity | 12,978,000.00 | 12,053,000.00 | 11,402,000.00 | 32,448,000.00 | 11,127,000.00 | 9,735,000.00 | 9,468,000.00 | 27,243,000.00 | 8,063,000.00 | 7,805,000.00 | 7,626,000.00 | 12,435,000.00 | 3,653,000.00 | 5,839,000.00 | 9,182,000.00 | 39,042,000.00 | 12,885,000.00 | 13,444,000.00 | 12,090,000.00 | 43,056,000.00 |
| Capital Stock | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 |
| Share Premium | 2,628,000.00 | 2,624,000.00 | 2,608,000.00 | 2,600,000.00 | 2,577,000.00 | 2,567,000.00 | 2,549,000.00 | 2,544,000.00 | 2,534,000.00 | 2,522,000.00 | 2,506,000.00 | 2,502,000.00 | 2,493,000.00 | 2,478,000.00 | 2,465,000.00 | 2,461,000.00 | 2,447,000.00 | 2,430,000.00 | 2,411,000.00 | 2,406,000.00 |
| Retained Earnings | 9,757,000.00 | 9,563,000.00 | 9,443,000.00 | 9,255,000.00 | 9,166,000.00 | 9,076,000.00 | 8,934,000.00 | 8,805,000.00 | 8,713,000.00 | 8,483,000.00 | 8,336,000.00 | 8,967,000.00 | 8,820,000.00 | 8,592,000.00 | 8,446,000.00 | 8,563,000.00 | 8,458,000.00 | 8,531,000.00 | 8,235,000.00 | 8,148,000.00 |
| Treasury Shares | 1,960,000.00 | 1,887,000.00 | 1,888,000.00 | 1,889,000.00 | 1,889,000.00 | 1,889,000.00 | 1,891,000.00 | 1,900,000.00 | 1,852,000.00 | 1,803,000.00 | 1,756,000.00 | 1,720,000.00 | 1,697,000.00 | 1,673,000.00 | 1,675,000.00 | 1,653,000.00 | 1,604,000.00 | 1,559,000.00 | 1,559,000.00 | 1,562,000.00 |
| Accumulated Other Comprehensive Income | 2,552,000.00 | 1,752,000.00 | 1,238,000.00 | 849,000.00 | 1,272,000.00 | -40,000.00 | -250,000.00 | -738,000.00 | -2,666,000.00 | -2,796,000.00 | -2,922,000.00 | -11,210,000.00 | -11,928,000.00 | -7,118,000.00 | -110,000.00 | 3,642,000.00 | 3,583,000.00 | 4,041,000.00 | 3,002,000.00 | 5,359,000.00 |
| Minority Interest | 90,000.00 | 90,000.00 | 90,000.00 | 90,000.00 | 90,000.00 | 90,000.00 | 90,000.00 | 90,000.00 | 90,000.00 | 90,000.00 | 90,000.00 | 90,000.00 | 90,000.00 | 90,000.00 | 90,000.00 | 0 | 0 | 0 | 0 | 0 |
| Investments | 676,739,000.00 | 581,697,000.00 | 566,240,000.00 | 674,650,000.00 | 524,178,000.00 | 475,214,000.00 | 444,482,000.00 | 532,937,000.00 | 474,671,000.00 | 489,819,000.00 | 487,215,000.00 | 481,382,000.00 | 349,232,000.00 | 472,008,000.00 | 508,955,000.00 | 532,763,000.00 | 521,534,000.00 | 350,588,000.00 | 337,188,000.00 | 342,751,000.00 |
| Debt | 5,734,000.00 | 5,734,000.00 | 5,734,000.00 | 9,153,000.00 | 5,067,000.00 | 5,067,000.00 | 4,427,000.00 | 7,895,000.00 | 4,450,000.00 | 4,850,000.00 | 4,455,000.00 | 7,429,000.00 | 4,207,000.00 | 3,667,000.00 | 3,667,000.00 | 6,839,000.00 | 3,173,000.00 | 3,173,000.00 | 3,573,000.00 | 7,142,000.00 |
| Net Debt | 0 | 0 | 0 | 1,209,000.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 17,268,000.00 | 11,018,000.00 | 5,340,000.00 | -11,630,000.00 | 16,866,000.00 | 11,215,000.00 | 6,337,000.00 | -7,651,000.00 | 13,560,000.00 | 8,407,000.00 | 4,251,000.00 | -7,372,000.00 | 11,883,000.00 | 7,817,000.00 | 3,930,000.00 | -8,016,000.00 | 12,299,000.00 | 8,256,000.00 | 4,119,000.00 |
| Net Premiums | 12,450,000.00 | 8,170,000.00 | 4,019,000.00 | -10,516,000.00 | 13,687,000.00 | 9,296,000.00 | 5,376,000.00 | -5,999,000.00 | 10,977,000.00 | 6,722,000.00 | 3,385,000.00 | -6,094,000.00 | 9,632,000.00 | 6,385,000.00 | 3,155,000.00 | -5,519,000.00 | 9,106,000.00 | 6,012,000.00 | 2,914,000.00 |
| Cost Of Revenue | 29,213,000.00 | 18,516,000.00 | 9,020,000.00 | 23,367,000.00 | 15,946,000.00 | 10,692,000.00 | 5,591,000.00 | 6,418,000.00 | 12,528,000.00 | 6,880,000.00 | 3,484,000.00 | -6,396,000.00 | 9,421,000.00 | 6,399,000.00 | 3,402,000.00 | -6,085,000.00 | 9,849,000.00 | 6,370,000.00 | 3,352,000.00 |
| Gross Profit | -11,945,000.00 | -7,498,000.00 | -3,680,000.00 | -34,997,000.00 | 920,000.00 | 523,000.00 | 746,000.00 | -14,069,000.00 | 1,032,000.00 | 1,527,000.00 | 767,000.00 | -976,000.00 | 2,462,000.00 | 1,418,000.00 | 528,000.00 | -1,931,000.00 | 2,450,000.00 | 1,886,000.00 | 767,000.00 |
| Selling, General and Administrative Expenses | 29,000.00 | 25,000.00 | 7,000.00 | -9,000.00 | 37,000.00 | 26,000.00 | 6,000.00 | -15,000.00 | 35,000.00 | 22,000.00 | 4,000.00 | -7,000.00 | 31,000.00 | 17,000.00 | 4,000.00 | -14,000.00 | 40,000.00 | 24,000.00 | 5,000.00 |
| Interest Expense | 268,000.00 | 170,000.00 | 80,000.00 | 181,000.00 | 218,000.00 | 140,000.00 | 68,000.00 | -97,000.00 | 188,000.00 | 116,000.00 | 50,000.00 | -72,000.00 | 130,000.00 | 84,000.00 | 42,000.00 | -135,000.00 | 129,000.00 | 88,000.00 | 45,000.00 |
| EBT | 3,612,000.00 | 2,522,000.00 | 1,339,000.00 | -1,581,000.00 | 2,548,000.00 | 1,888,000.00 | 945,000.00 | -2,792,000.00 | 3,145,000.00 | 1,994,000.00 | 1,128,000.00 | -108,000.00 | 1,866,000.00 | 676,000.00 | -149,000.00 | -1,771,000.00 | 1,501,000.00 | 1,770,000.00 | 320,000.00 |
| Income Tax | 281,000.00 | 207,000.00 | 68,000.00 | -124,000.00 | 102,000.00 | 64,000.00 | 36,000.00 | -260,000.00 | 211,000.00 | 133,000.00 | 80,000.00 | 70,000.00 | 51,000.00 | 6,000.00 | 26,000.00 | -408,000.00 | 210,000.00 | 217,000.00 | 71,000.00 |
| Net Income Including Non-Controlling Interests | 714,000.00 | 463,000.00 | 284,000.00 | -472,000.00 | 564,000.00 | 410,000.00 | 208,000.00 | -549,000.00 | 739,000.00 | 454,000.00 | 251,000.00 | 69,400.00 | 417,000.00 | 134,000.00 | -1,400.00 | 0 | 0 | 0 | 0 |
| Net Income Non-Controlling Interests | 5,000.00 | 3,000.00 | 2,000.00 | -3,000.00 | 5,000.00 | 3,000.00 | 2,000.00 | -2,000.00 | 5,000.00 | 3,000.00 | 1,000.00 | 600.00 | 2,000.00 | 1,000.00 | 400.00 | 0 | 0 | 0 | 0 |
| Net Income | 719,000.00 | 466,000.00 | 286,000.00 | -475,000.00 | 569,000.00 | 413,000.00 | 210,000.00 | -551,000.00 | 744,000.00 | 457,000.00 | 252,000.00 | 70,000.00 | 419,000.00 | 135,000.00 | -1,000.00 | -466,000.00 | 461,000.00 | 483,000.00 | 139,000.00 |
| EBIT | 3,880,000.00 | 2,692,000.00 | 1,419,000.00 | -1,400,000.00 | 2,766,000.00 | 2,028,000.00 | 1,013,000.00 | -2,889,000.00 | 3,333,000.00 | 2,110,000.00 | 1,178,000.00 | -180,000.00 | 1,996,000.00 | 760,000.00 | -107,000.00 | -1,906,000.00 | 1,630,000.00 | 1,858,000.00 | 365,000.00 |
| Deprecation and Amortization | 10,000.00 | 8,000.00 | 0.00 | 260,000.00 | 0.00 | 0.00 | 0.00 | 168,000.00 | 0.00 | 0.00 | 0.00 | 109,000.00 | 0.00 | 0.00 | 0.00 | 74,000.00 | 0.00 | 0.00 | 23,000.00 |
| EBITDA | 3,890,000.00 | 2,700,000.00 | 0 | 4,667,000.00 | 0 | 0 | 0 | 3,900,000.00 | 0 | 0 | 0 | 2,578,000.00 | 0 | 0 | 0 | 1,656,000.00 | 0 | 0 | 388,000.00 |
| EPS | 0.01 | 0.01 | 0.00 | -0.00 | 0.01 | 0.01 | 0.00 | -0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | -0.00 | -0.00 | 0.01 | 0.01 | 0.00 |
| Diluted EPS | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | -0.00 | 0.00 | 0.01 | 0.01 | 0.00 |
| Average Shares Outstanding Basic | 66,000.00 | 66,000.00 | 66,000.00 | 65,200.00 | 66,000.00 | 66,000.00 | 66,000.00 | 65,200.00 | 66,000.00 | 67,000.00 | 67,000.00 | 66,600.00 | 67,000.00 | 67,000.00 | 67,000.00 | 67,200.00 | 68,000.00 | 68,000.00 | 68,000.00 |
| Average Shares Outstanding Diluted | 67,000.00 | 67,000.00 | 67,000.00 | 66,600.00 | 67,000.00 | 67,000.00 | 67,000.00 | 65,400.00 | 67,000.00 | 68,000.00 | 68,000.00 | 66,800.00 | 68,000.00 | 68,000.00 | 68,000.00 | 68,200.00 | 68,000.00 | 69,000.00 | 68,000.00 |
| 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 | -3,239,000.00 | -2,249,000.00 | -1,429,000.00 | 29,245,000.00 | -7,770,000.00 | -6,703,000.00 | -5,736,000.00 | 10,483,000.00 | -2,818,000.00 | -1,818,000.00 | -1,574,000.00 | 290,000.00 | 1,077,000.00 | 242,000.00 | 163,000.00 | -4,355,000.00 | 3,821,000.00 | 2,330,000.00 | 2,366,000.00 |
| Operating Net Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 627,000.00 | 0 | 0 | 0 | 1,798,000.00 | 0 | 0 | 315,000.00 |
| Deprecation and Amortization | 10,000.00 | 8,000.00 | 0 | 260,000.00 | 0 | 0 | 0 | 168,000.00 | 0 | 0 | 0 | 109,000.00 | 0 | 0 | 0 | 74,000.00 | 0 | 0 | 23,000.00 |
| Deferred Income Tax | 0 | 0 | 0 | -61,000.00 | 0 | 0 | 0 | 211,000.00 | 0 | 0 | 0 | 75,000.00 | 0 | 0 | 0 | 106,000.00 | 0 | 0 | -195,000.00 |
| 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 | 0 | 0 | 0 | -161,000.00 | 0 | 0 | 0 | 113,000.00 | 0 | 0 | 0 | 333,000.00 | 0 | 0 | 0 | 134,000.00 | 0 | 0 | -37,000.00 |
| Other Operating Activities | -3,249,000.00 | -2,257,000.00 | -1,429,000.00 | 29,207,000.00 | -7,770,000.00 | -6,703,000.00 | -5,736,000.00 | 9,991,000.00 | -2,818,000.00 | -1,818,000.00 | -1,574,000.00 | -854,000.00 | 1,077,000.00 | 242,000.00 | 163,000.00 | -6,467,000.00 | 3,821,000.00 | 2,330,000.00 | 2,260,000.00 |
| Investing Cash Flow | -8,824,000.00 | -2,872,000.00 | -1,695,000.00 | 6,711,000.00 | -8,383,000.00 | -7,176,000.00 | -3,720,000.00 | 2,733,000.00 | -2,592,000.00 | -2,488,000.00 | -1,705,000.00 | 4,321,000.00 | -4,795,000.00 | -3,211,000.00 | -2,235,000.00 | 3,758,000.00 | -3,492,000.00 | -2,173,000.00 | -2,492,000.00 |
| Capital Expenditure | 0.00 | 0.00 | -8,000.00 | 16,000.00 | 0.00 | -9,000.00 | -7,000.00 | -102,000.00 | 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 | 219,000.00 | 27,000.00 | -8,000.00 | 7,000.00 | 37,000.00 | -9,000.00 | -7,000.00 | -139,000.00 | 20,000.00 | 12,000.00 | 5,000.00 | -12,000.00 | 19,000.00 | 12,000.00 | 6,000.00 | -10,000.00 | 15,000.00 | 10,000.00 | 4,000.00 |
| Net Purchase/Sale of Investments Net | 50,465,000.00 | 25,036,000.00 | 15,888,000.00 | -35,585,000.00 | 52,778,000.00 | 37,686,000.00 | 15,449,000.00 | -8,883,000.00 | 15,319,000.00 | 9,845,000.00 | 5,851,000.00 | -16,517,000.00 | 21,805,000.00 | 15,614,000.00 | 7,426,000.00 | -10,944,000.00 | 24,167,000.00 | 17,553,000.00 | 218,000.00 |
| Net Purchase/Sale of Business | 59,000.00 | 4,000.00 | 0 | -4,000.00 | 7,000.00 | 4,000.00 | 0 | -2,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | -15,000.00 | 7,000.00 | 11,000.00 | 4,000.00 | 23,000.00 | 201,000.00 | -19,000.00 | 0 |
| Other Investing Activities | -59,567,000.00 | -27,939,000.00 | -17,567,000.00 | 42,277,000.00 | -61,205,000.00 | -44,848,000.00 | -19,155,000.00 | 11,859,000.00 | -17,932,000.00 | -12,346,000.00 | -7,562,000.00 | 20,865,000.00 | -26,626,000.00 | -18,848,000.00 | -9,671,000.00 | 14,689,000.00 | -27,875,000.00 | -19,717,000.00 | -2,714,000.00 |
| Financing Cash Flow | 6,813,000.00 | 2,607,000.00 | 2,067,000.00 | -2,053,000.00 | 2,864,000.00 | 2,225,000.00 | 1,005,000.00 | -955,000.00 | -271,000.00 | 368,000.00 | 497,000.00 | -4,555,000.00 | 4,461,000.00 | 2,685,000.00 | 1,854,000.00 | 529,000.00 | -677,000.00 | -300,000.00 | -143,000.00 |
| Net Issuance/Repayment of Debt | 694,000.00 | 693,000.00 | 692,000.00 | -618,000.00 | 643,000.00 | 642,000.00 | 1,000.00 | -987,000.00 | 1,302,000.00 | 902,000.00 | 501,000.00 | -153,000.00 | 853,000.00 | 2,000.00 | 1,000.00 | 300,000.00 | 402,000.00 | 401,000.00 | 1,000.00 |
| Net Issuance/Repurchase of Equity | 117,000.00 | 38,000.00 | 38,000.00 | -34,000.00 | 26,000.00 | 19,000.00 | 16,000.00 | -128,000.00 | 169,000.00 | 119,000.00 | 67,000.00 | -27,000.00 | 54,000.00 | 27,000.00 | 27,000.00 | 48,000.00 | 48,000.00 | 2,000.00 | 1,000.00 |
| Dividends Paid | 179,000.00 | 118,000.00 | 59,000.00 | -110,000.00 | 171,000.00 | 112,000.00 | 56,000.00 | -104,000.00 | 163,000.00 | 107,000.00 | 53,000.00 | -94,000.00 | 152,000.00 | 98,000.00 | 49,000.00 | -94,000.00 | 145,000.00 | 95,000.00 | 48,000.00 |
| Other Financing Activities | 5,823,000.00 | 1,758,000.00 | 1,278,000.00 | -1,291,000.00 | 2,024,000.00 | 1,452,000.00 | 932,000.00 | 264,000.00 | -1,905,000.00 | -760,000.00 | -124,000.00 | -4,281,000.00 | 3,402,000.00 | 2,558,000.00 | 1,777,000.00 | 275,000.00 | -1,272,000.00 | -798,000.00 | -193,000.00 |
| Net Change in Cash | 1,299,000.00 | 2,090,000.00 | 1,825,000.00 | -6,437,000.00 | 2,225,000.00 | 1,626,000.00 | 2,965,000.00 | -84,000.00 | -107,000.00 | -329,000.00 | 367,000.00 | 252,000.00 | 564,000.00 | -392,000.00 | -239,000.00 | 361,000.00 | -381,000.00 | -154,000.00 | -286,000.00 |
| Cash at Beginning of Period | 3,326,000.00 | 3,326,000.00 | 3,326,000.00 | 9,763,000.00 | 2,970,000.00 | 2,970,000.00 | 2,970,000.00 | 3,054,000.00 | 2,927,000.00 | 2,927,000.00 | 2,927,000.00 | 2,675,000.00 | 2,948,000.00 | 2,948,000.00 | 2,948,000.00 | 0.00 | 0 | 0 | 0 |
| Cash at End of Period | 4,625,000.00 | 5,416,000.00 | 5,151,000.00 | 3,326,000.00 | 5,195,000.00 | 4,596,000.00 | 5,935,000.00 | 2,970,000.00 | 2,820,000.00 | 2,598,000.00 | 3,294,000.00 | 2,927,000.00 | 3,512,000.00 | 2,556,000.00 | 2,709,000.00 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 0 | 0 | -1,437,000.00 | 0 | 0 | -6,712,000.00 | -5,743,000.00 | 4,171,000.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |