Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -5.00 -2.82 -4.41 -2.90 -2.72
Price to Sales 0.46 0.52 0.80 1.63 2.61
Book Value Per Common Share
Price to Book
Price to Operating Cash Flow 19.84 27.33 -7.22 -6.59 -4.51
Price to Free Cash Flow -103.40 -48.25 -4.82 -5.23 -3.85
Enterprise Value to EBITDA 39286.69 162131.32 359869.93
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 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 0.85 -4.86 31.22 -22.94 -14.83 -7.36 -8.18 -13.41 -11.98 -9.88 87.92 -15.79 -15.80 -17.63
Price to Sales 1.01 1.80 1.38 1.83 1.32 2.09 1.44 1.90 2.55 2.90 6.32 8.66 9.51 14.36
Book Value Per Common Share -2.45 -4.61
Price to Book -0.75 -0.69
Price to Operating Cash Flow 19.43 -5.52 -13.46 -19.50 -26.28 -23.79
Price to Free Cash Flow 42.76 -5.04 -11.02 -13.00 -21.07 -22.34
Enterprise Value to EBITDA 56508.73 550002.07 79184.36 135977.26 107419.97 425330.85 331724.26 235908.47

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY
Revenue YoY 4.19 14.61 50.22 26.59
EBITDA YoY 248.10 82.59
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 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
Revenue YoY 4.08 -12.72 1.55 -0.38 13.28 0.40 -0.70 17.67 0.89 12.42 16.83 5.10 28.15
EBITDA YoY 464.27 -83.52 32.12 8.62 22.23 -41.93
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 1.94 1.93 2.50 3.11 5.17
Quick Ratio 0.95 1.11 1.43 1.76 2.82
Current Ratio 1.02 1.27 1.67 1.96 3.04
Debt to Equity -3.89 -4.40 -6.69 -11.59 15.76
Long-Term Debt to Equity -3.18 -3.73 -5.75 -10.15 14.04
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 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 1.68 1.09 1.74 1.93 1.79 1.65 1.76 1.80 2.19 2.55 2.48 2.45 3.10 3.73 3.09 3.24 3.51 4.05 4.73
Quick Ratio 1.02 0.80 0.96 0.95 0.94 0.93 1.11 1.12 1.30 1.45 1.43 1.63 1.89 2.22 1.76 2.02 2.20 2.46 2.82
Current Ratio 1.14 1.01 1.10 1.02 1.02 1.07 1.27 1.32 1.50 1.67 1.67 1.89 2.13 2.42 1.96 2.22 2.42 2.70 3.04
Debt to Equity -5.65 -3.47 -4.00 -3.89 -4.04 -4.13 -4.40 -4.70 -5.54 -6.21 -6.69 -7.86 -9.53 -13.14 -11.59 -16.33 -36.10 182.62 15.76
Long-Term Debt to Equity -4.57 -2.94 -3.28 -3.18 -3.28 -3.40 -3.73 -3.99 -4.71 -5.32 -5.75 -6.85 -8.31 -11.55 -10.15 -14.41 -31.97 162.39 14.04

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -6.01 -11.29 -8.77 -17.55 -20.94
ROE 17.37 38.35 49.89 185.80 -350.97
Gross Margin 58.58 59.09 58.97 59.06 56.60
Operating Margin 7.56 -1.57 -5.05 -40.30 -80.89
EBITDA Margin 11.84 3.54 2.22 -24.77 -53.63
Net Profit Margin -9.20 -18.15 -17.16 -54.98 -95.40
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 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 19.47 -5.80 0.76 -1.34 -1.50 -4.39 -2.52 -1.97 -2.70 -3.62 0.89 -4.32 -4.38 -4.47
ROE -90.61 14.30 -2.27 4.07 4.68 16.24 11.44 10.26 18.49 30.89 -10.83 66.25 153.86 -821.32
Gross Margin 32.73 31.77 57.62 58.43 58.69 60.28 57.10 58.66 58.65 58.29 61.87 61.13 57.15 55.19
Operating Margin 14.11 0.22 13.70 9.21 8.30 -10.80 -1.62 0.35 -9.65 -17.33 18.47 -39.87 -43.59 -58.58
EBITDA Margin 17.89 3.30 17.48 13.44 12.32 -5.85 3.38 5.78 -3.11 -9.84 27.03 -25.44 -27.52 -36.22
Net Profit Margin 119.03 -37.31 4.49 -8.10 -8.96 -28.13 -16.80 -13.32 -20.41 -28.50 8.10 -53.33 -58.58 -79.60

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 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 4,634,929.00 4,672,194.00 4,962,875.00 5,291,330.00 6,077,722.00
   Current Assets 1,163,218.00 1,158,591.00 1,361,489.00 1,402,274.00 1,888,105.00
      Cash and Short-Term Investments 745,518.00 669,244.00 815,923.00 999,391.00 1,499,665.00
            Cash and Cash Equivalents 745,518.00 669,244.00 815,923.00 999,391.00 1,499,665.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 339,978.00 343,436.00 353,587.00 259,934.00 255,468.00
      Inventory 0 0 0 0 0
      Other Current Assets 77,722.00 145,911.00 191,979.00 142,949.00 132,972.00
   Non-Current Assets 3,471,711.00 3,513,603.00 3,601,386.00 3,889,056.00 4,189,617.00
      Property, Plant, Equipment Net 315,726.00 303,572.00 314,657.00 349,399.00 488,601.00
      Goodwill 2,552,938.00 2,554,039.00 2,542,087.00 2,470,206.00 2,636,546.00
      Intangible Assets 337,883.00 376,103.00 410,255.00 440,683.00 511,366.00
      Long-Term Investments 22,470.00 22,343.00 22,401.00 22,671.00 24,265.00
      Non-Current Deferred Assets 8,113.00 10,201.00 38,892.00 27,056.00 24,181.00
      Other Non-Current Assets 234,581.00 247,345.00 273,094.00 579,041.00 504,658.00
Liabilities 6,239,628.00 6,048,013.00 5,835,702.00 5,791,047.00 5,715,090.00
   Current Liabilities 1,141,775.00 914,713.00 815,571.00 716,505.00 621,943.00
      Payables and Expenses 574,385.00 564,996.00 506,827.00 447,614.00 395,442.00
            Account Payables 263,679.00 231,767.00 171,068.00 122,934.00 115,229.00
            Current Accrued Liabilities 310,706.00 333,229.00 335,759.00 324,680.00 280,213.00
      Short-Term Debt 230,214.00 4,040.00 23,480.00 29,290.00 26,068.00
      Other Current Liabilities 337,176.00 345,677.00 285,264.00 239,601.00 200,433.00
   Non-Current Liabilities 5,097,853.00 5,133,300.00 5,020,131.00 5,074,542.00 5,093,147.00
      Long-Term Debt 4,834,776.00 4,829,461.00 4,717,091.00 4,723,685.00 4,639,782.00
      Other Non-Current Liabilities 263,077.00 303,839.00 303,040.00 350,857.00 453,365.00
Equity -1,604,699.00 -1,375,819.00 -872,827.00 -499,717.00 362,632.00
   Shareholders Equity 0 0 0 0 0
      Capital Stock 4,147.00 4,059.00 3,567.00 3,497.00 3,420.00
      Share Premium 3,304,466.00 3,249,901.00 3,198,580.00 3,115,719.00 3,052,953.00
      Retained Earnings -4,327,152.00 -4,048,393.00 -3,506,528.00 -3,049,695.00 -2,090,022.00
      Treasury Shares -526,789.00 -520,124.00 -514,215.00 -498,141.00 -474,790.00
      Accumulated Other Comprehensive Income -73,747.00 -73,922.00 -65,731.00 -80,287.00 -135,957.00
   Minority Interest 14,376.00 12,660.00 11,500.00 9,190.00 7,028.00
Investments 22,470.00 22,343.00 22,401.00 22,671.00 24,265.00
Debt 5,064,990.00 4,833,501.00 4,740,571.00 4,752,975.00 4,665,850.00
Net Debt 4,319,472.00 4,164,257.00 3,924,648.00 3,753,584.00 3,166,185.00
Common Shares Outstanding 385,932.00 379,569.00 328,542.00 323,501.00 317,297.00
Preferred Shares Outstanding 0 0 3,290.00 3,290.00 3,340.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 3,029,565.00 2,907,738.00 2,537,015.00 1,688,875.00 1,334,100.00
Cost Of Revenue 1,254,739.00 1,189,606.00 1,040,819.00 691,451.00 579,010.00
Gross Profit 1,774,826.00 1,718,132.00 1,496,196.00 997,424.00 755,090.00
Operating Expenses 1,488,668.00 1,670,989.00 1,757,256.00 1,662,911.00 1,743,129.00
   Selling, General and Administrative Expenses 243,328.00 402,203.00 434,938.00 442,755.00 570,317.00
   Other Operating Expenses 1,245,340.00 1,268,786.00 1,322,318.00 1,220,156.00 1,172,812.00
Operating Income 286,158.00 47,143.00 -261,060.00 -665,487.00 -988,039.00
Net Non-Operating Income -566,618.00 -540,662.00 -162,373.00 -272,900.00 -326,206.00
Interest Expense 509,643.00 447,878.00 295,231.00 257,818.00 235,091.00
Net Interest -509,643.00 0 0 0 0
EBT -280,460.00 -493,519.00 -423,433.00 -938,387.00 -1,314,245.00
Income Tax 1,777.00 34,729.00 8,666.00 14,612.00 39,913.00
Equity Method Investments Income 2,606.00 2,042.00 686.00 -264.00 -2,528.00
Net Income Including Non-Controlling Interests -278,683.00 -527,940.00 -432,778.00 -926,307.00 -1,271,544.00
Net Income Non-Controlling Interests -76.00 332.00 -2,670.00 -2,162.00 -1,200.00
Net Income -278,759.00 -527,608.00 -435,448.00 -928,469.00 -1,272,744.00
EBIT 229,183.00 -45,641.00 -128,202.00 -680,569.00 -1,079,154.00
Deprecation and Amortization 129,484.00 148,676.00 184,633.00 262,185.00 363,743.00
EBITDA 358,667.00 103,035.00 56,431.00 -418,384.00 -715,411.00
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 383,733.00 346,567.00 326,742.00 320,922.00 289,855.00
Average Shares Outstanding Diluted 383,733.00 346,567.00 326,742.00 320,922.00 289,855.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 70,594.00 55,814.00 -279,717.00 -418,152.00 -773,177.00
   Operating Net Income -278,683.00 -527,940.00 -432,778.00 -926,307.00 -1,271,544.00
   Deprecation and Amortization -129,484.00 148,676.00 184,633.00 262,185.00 363,743.00
   Deferred Income Tax -2,891.00 22,287.00 -17,306.00 -27,515.00 -46,234.00
   Share Based Compensation 54,567.00 52,015.00 82,872.00 120,892.00 69,946.00
   Change in Working Capital 11,477.00 107,106.00 16,497.00 108,116.00 -100,294.00
   Other Operating Activities 415,608.00 253,670.00 -113,635.00 44,477.00 211,206.00
Investing Cash Flow -29,614.00 -109,980.00 173,977.00 -29,428.00 -1,291.00
   Capital Expenditure -84,148.00 -87,423.00 -138,988.00 -108,604.00 -130,840.00
   Net Purchase/Sale of PPE -84,148.00 -87,423.00 -69,494.00 -54,302.00 3,084.00
   Net Purchase/Sale of Investments Net -300.00 -10,536.00 -80,000.00 24,874.00 -4,375.00
   Net Purchase/Sale of Business 0 -12,021.00 -68,797.00 0 0
   Other Investing Activities 138,982.00 87,423.00 531,256.00 108,604.00 130,840.00
Financing Cash Flow 39,572.00 -94,219.00 -75,370.00 -50,558.00 1,837,741.00
   Net Issuance/Repayment of Debt 96,564.00 66,744.00 -4,080.00 6,790.00 1,448,403.00
   Net Issuance/Repurchase of Equity 0 0 0 0 597,888.00
   Dividends Paid 0 16,039.00 21,385.00 21,629.00 44,394.00
   Other Financing Activities -56,992.00 -177,002.00 -92,675.00 -78,977.00 -252,944.00
Net Change in Cash 76,274.00 -146,679.00 -183,468.00 -500,274.00 1,063,489.00
   Cash at Beginning of Period 669,244.00 815,923.00 999,391.00 1,499,665.00 436,176.00
   Cash at End of Period 745,518.00 669,244.00 815,923.00 999,391.00 1,499,665.00
Free Cash Flow -13,554.00 -31,609.00 -418,705.00 -526,756.00 -904,017.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 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 4,373,002.00 4,419,145.00 4,678,325.00 4,634,929.00 4,693,158.00 4,666,375.00 4,672,194.00 4,741,701.00 4,924,561.00 5,026,008.00 4,962,875.00 5,019,622.00 5,176,736.00 5,314,479.00 5,291,330.00 5,442,908.00 5,608,449.00 5,827,838.00 6,077,722.00
   Current Assets 1,157,399.00 952,558.00 1,224,011.00 1,163,218.00 1,196,016.00 1,166,422.00 1,158,591.00 1,195,832.00 1,345,763.00 1,442,379.00 1,361,489.00 1,392,658.00 1,586,382.00 1,678,425.00 1,402,274.00 1,512,285.00 1,599,226.00 1,732,835.00 1,888,105.00
      Cash and Short-Term Investments 661,722.00 426,118.00 672,168.00 745,518.00 689,801.00 633,652.00 669,244.00 622,640.00 727,184.00 838,110.00 815,923.00 803,798.00 1,013,219.00 1,207,453.00 999,391.00 1,044,808.00 1,122,114.00 1,284,918.00 1,499,665.00
            Cash and Cash Equivalents 661,722.00 426,118.00 672,168.00 745,518.00 689,801.00 633,652.00 669,244.00 622,640.00 727,184.00 838,110.00 815,923.00 803,798.00 1,013,219.00 1,207,453.00 999,391.00 1,044,808.00 1,122,114.00 1,284,918.00 1,499,665.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 380,093.00 329,198.00 397,078.00 339,978.00 408,724.00 376,476.00 343,436.00 392,939.00 441,214.00 414,458.00 353,587.00 400,559.00 395,920.00 333,579.00 259,934.00 329,838.00 330,355.00 293,953.00 255,468.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 115,584.00 197,242.00 154,765.00 77,722.00 97,491.00 156,294.00 145,911.00 180,253.00 177,365.00 189,811.00 191,979.00 188,301.00 177,243.00 137,393.00 142,949.00 137,639.00 146,757.00 153,964.00 132,972.00
   Non-Current Assets 3,215,603.00 3,466,587.00 3,454,314.00 3,471,711.00 3,497,142.00 3,499,953.00 3,513,603.00 3,545,869.00 3,578,798.00 3,583,629.00 3,601,386.00 3,626,964.00 3,590,354.00 3,636,054.00 3,889,056.00 3,930,623.00 4,009,223.00 4,095,003.00 4,189,617.00
      Property, Plant, Equipment Net 248,929.00 244,584.00 251,089.00 315,726.00 249,577.00 248,485.00 303,572.00 233,741.00 234,166.00 230,759.00 314,657.00 231,568.00 231,956.00 332,489.00 349,399.00 375,331.00 405,724.00 441,991.00 488,601.00
      Goodwill 2,384,029.00 2,385,144.00 2,550,407.00 2,552,938.00 2,557,259.00 2,553,645.00 2,554,039.00 2,552,000.00 2,558,422.00 2,543,251.00 2,542,087.00 2,528,430.00 2,481,067.00 2,476,632.00 2,470,206.00 2,624,108.00 2,625,628.00 2,630,011.00 2,636,546.00
      Intangible Assets 292,660.00 300,762.00 186,905.00 337,883.00 150,071.00 153,652.00 376,103.00 165,552.00 226,735.00 167,927.00 410,255.00 174,700.00 166,955.00 251,255.00 440,683.00 193,017.00 202,712.00 212,436.00 511,366.00
      Long-Term Investments 22,394.00 21,985.00 22,545.00 22,470.00 21,996.00 21,830.00 22,343.00 21,944.00 21,466.00 22,524.00 22,401.00 22,188.00 22,498.00 23,036.00 22,671.00 22,698.00 23,063.00 23,889.00 24,265.00
      Non-Current Deferred Assets 7,043.00 6,867.00 6,139.00 8,113.00 11,468.00 11,874.00 10,201.00 30,703.00 36,292.00 38,378.00 38,892.00 35,796.00 28,266.00 25,523.00 27,056.00 21,995.00 18,615.00 24,278.00 24,181.00
      Other Non-Current Assets 260,548.00 507,245.00 437,229.00 234,581.00 506,771.00 510,467.00 247,345.00 541,929.00 501,717.00 580,790.00 273,094.00 634,282.00 659,612.00 527,119.00 579,041.00 693,474.00 733,481.00 762,398.00 504,658.00
Liabilities 5,312,510.00 6,211,559.00 6,237,343.00 6,239,628.00 6,236,485.00 6,156,970.00 6,048,013.00 6,024,357.00 6,008,217.00 5,990,556.00 5,835,702.00 5,751,618.00 5,783,318.00 5,752,184.00 5,791,047.00 5,797,985.00 5,768,241.00 5,796,099.00 5,715,090.00
   Current Liabilities 1,018,240.00 946,652.00 1,117,156.00 1,141,775.00 1,173,137.00 1,085,875.00 914,713.00 907,757.00 899,311.00 863,656.00 815,571.00 737,648.00 745,489.00 694,529.00 716,505.00 681,419.00 659,786.00 641,974.00 621,943.00
      Payables and Expenses 750,872.00 735,987.00 533,978.00 574,385.00 578,284.00 530,376.00 564,996.00 555,064.00 566,830.00 536,223.00 506,827.00 424,662.00 433,678.00 419,833.00 447,614.00 399,750.00 383,667.00 378,798.00 395,442.00
            Account Payables 219,228.00 246,729.00 258,831.00 263,679.00 243,678.00 237,178.00 231,767.00 215,107.00 216,601.00 192,306.00 171,068.00 135,256.00 145,619.00 155,813.00 122,934.00 99,305.00 85,912.00 104,243.00 115,229.00
            Current Accrued Liabilities 531,644.00 489,258.00 275,147.00 310,706.00 334,606.00 293,198.00 333,229.00 339,957.00 350,229.00 343,917.00 335,759.00 289,406.00 288,059.00 264,020.00 324,680.00 300,445.00 297,755.00 274,555.00 280,213.00
      Short-Term Debt 152,990.00 42,526.00 232,907.00 230,214.00 244,978.00 217,562.00 4,040.00 4,040.00 4,040.00 23,480.00 23,480.00 23,480.00 16,730.00 16,730.00 29,290.00 30,124.00 26,032.00 26,050.00 26,068.00
      Other Current Liabilities 114,378.00 168,139.00 350,271.00 337,176.00 349,875.00 337,937.00 345,677.00 348,653.00 328,441.00 303,953.00 285,264.00 289,506.00 295,081.00 257,966.00 239,601.00 251,545.00 250,087.00 237,126.00 200,433.00
   Non-Current Liabilities 4,294,270.00 5,264,907.00 5,120,187.00 5,097,853.00 5,063,348.00 5,071,095.00 5,133,300.00 5,116,600.00 5,108,906.00 5,126,900.00 5,020,131.00 5,013,970.00 5,037,829.00 5,057,655.00 5,074,542.00 5,116,566.00 5,108,455.00 5,154,125.00 5,093,147.00
      Long-Term Debt 4,063,277.00 4,997,092.00 4,884,699.00 4,834,776.00 4,790,313.00 4,789,406.00 4,829,461.00 4,816,886.00 4,797,554.00 4,831,430.00 4,717,091.00 4,718,970.00 4,732,532.00 4,732,711.00 4,723,685.00 4,727,835.00 4,702,173.00 4,714,990.00 4,639,782.00
      Other Non-Current Liabilities 230,993.00 267,815.00 235,488.00 263,077.00 273,035.00 281,689.00 303,839.00 299,714.00 311,352.00 295,470.00 303,040.00 295,000.00 305,297.00 324,944.00 350,857.00 388,731.00 406,282.00 439,135.00 453,365.00
Equity -939,508.00 -1,792,414.00 -1,559,018.00 -1,604,699.00 -1,543,327.00 -1,490,595.00 -1,375,819.00 -1,282,656.00 -1,083,656.00 -964,548.00 -872,827.00 -731,996.00 -606,582.00 -437,705.00 -499,717.00 -355,077.00 -159,792.00 31,739.00 362,632.00
   Shareholders Equity -966,508.00 -1,819,761.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Capital Stock 4,272.00 4,266.00 4,172.00 4,147.00 4,146.00 4,144.00 4,059.00 4,058.00 3,619.00 3,614.00 3,567.00 3,565.00 3,562.00 3,536.00 3,497.00 3,491.00 3,485.00 3,449.00 3,420.00
      Share Premium 3,340,222.00 3,330,719.00 3,318,127.00 3,304,466.00 3,290,673.00 3,276,032.00 3,249,901.00 3,237,529.00 3,224,318.00 3,215,580.00 3,198,580.00 3,185,790.00 3,169,441.00 3,143,315.00 3,115,719.00 3,080,949.00 3,049,156.00 3,009,651.00 3,052,953.00
      Retained Earnings -3,699,436.00 -4,548,181.00 -4,291,817.00 -4,327,152.00 -4,252,454.00 -4,189,636.00 -4,048,393.00 -3,951,934.00 -3,740,086.00 -3,610,808.00 -3,506,528.00 -3,341,091.00 -3,200,369.00 -3,007,635.00 -3,049,695.00 -2,857,653.00 -2,617,012.00 -2,365,730.00 -2,090,022.00
      Treasury Shares 537,089.00 536,762.00 -529,233.00 -526,789.00 -526,725.00 -526,524.00 -520,124.00 -520,041.00 -519,765.00 -519,504.00 -514,215.00 -513,988.00 -513,462.00 -508,441.00 -498,141.00 -497,944.00 -497,221.00 -487,401.00 -474,790.00
      Accumulated Other Comprehensive Income -74,477.00 -69,803.00 -75,318.00 -73,747.00 -73,333.00 -68,885.00 -73,922.00 -64,487.00 -63,307.00 -64,479.00 -65,731.00 -77,240.00 -75,945.00 -77,823.00 -80,287.00 -92,605.00 -106,171.00 -135,742.00 -135,957.00
   Minority Interest 27,000.00 27,347.00 15,051.00 14,376.00 14,366.00 14,274.00 12,660.00 12,219.00 11,565.00 11,049.00 11,500.00 10,968.00 10,191.00 9,343.00 9,190.00 8,685.00 7,971.00 7,512.00 7,028.00
Investments 0 0 22,545.00 22,470.00 21,996.00 21,830.00 22,343.00 21,944.00 21,466.00 22,524.00 22,401.00 22,188.00 22,498.00 23,036.00 22,671.00 22,698.00 23,063.00 23,889.00 24,265.00
Debt 4,216,267.00 5,039,618.00 5,117,606.00 5,064,990.00 5,035,291.00 5,006,968.00 4,833,501.00 4,820,926.00 4,801,594.00 4,854,910.00 4,740,571.00 4,742,450.00 4,749,262.00 4,749,441.00 4,752,975.00 4,757,959.00 4,728,205.00 4,741,040.00 4,665,850.00
Net Debt 3,554,545.00 4,613,500.00 4,445,438.00 4,319,472.00 4,345,490.00 4,373,316.00 4,164,257.00 4,198,286.00 4,074,410.00 4,016,800.00 3,924,648.00 3,938,652.00 3,736,043.00 3,541,988.00 3,753,584.00 3,713,151.00 3,606,091.00 3,456,122.00 3,166,185.00
Common Shares Outstanding 394,879.00 394,497.90 387,662.00 385,932.00 385,831.00 385,663.00 379,569.00 379,458.00 332,297.00 331,909.00 328,542.00 328,327.00 328,159.00 326,307.00 323,501.00 322,842.00 322,365.00 319,433.00 317,297.00
Preferred Shares Outstanding 0 0 0 0 0 0 0 0 3,290.00 3,290.00 3,290.00 3,290.00 3,290.00 3,290.00 3,290.00 3,340.00 3,340.00 3,340.00 3,340.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 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 715,183.00 687,149.00 787,335.00 775,297.00 778,288.00 687,053.00 740,461.00 737,529.00 742,695.00 631,179.00 663,394.00 657,532.00 584,910.00 500,637.00 441,086.00 419,668.00 327,484.00
Cost Of Revenue 481,083.00 468,848.00 333,710.00 322,257.00 321,481.00 272,074.00 294,120.00 316,370.00 307,042.00 269,210.00 274,330.00 274,245.00 223,034.00 193,440.00 171,429.00 179,821.00 146,761.00
Interest Expense 111,312.00 111,244.00 129,353.00 127,669.00 129,294.00 122,588.00 119,372.00 106,134.00 99,784.00 90,169.00 77,120.00 66,884.00 61,058.00 63,984.00 65,461.00 64,272.00 64,101.00
Net Interest 0 0 -129,353.00 -127,669.00 -129,294.00 0 0 0 0 0 0 0 0 0 0 0 0
Non-Interest Expense 140,475.00 129,167.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit 234,100.00 218,301.00 453,625.00 453,040.00 456,807.00 414,979.00 446,341.00 421,159.00 435,653.00 361,969.00 389,064.00 383,287.00 361,876.00 307,197.00 269,657.00 239,847.00 180,723.00
Operating Expenses 140,475.00 129,167.00 350,227.00 382,913.00 395,952.00 377,641.00 394,140.00 463,342.00 435,866.00 416,769.00 445,599.00 453,480.00 441,408.00 433,073.00 426,345.00 420,217.00 383,276.00
   Selling, General and Administrative Expenses 140,475.00 129,167.00 52,945.00 50,238.00 53,631.00 97,309.00 92,668.00 105,216.00 107,010.00 127,141.00 100,881.00 100,864.00 106,052.00 106,611.00 111,877.00 102,217.00 122,050.00
   Other Operating Expenses 0 0 297,282.00 332,675.00 342,321.00 280,332.00 301,472.00 358,126.00 328,856.00 289,628.00 344,718.00 352,616.00 335,356.00 326,462.00 314,468.00 318,000.00 261,226.00
Operating Income 93,625.00 89,134.00 103,398.00 70,127.00 60,855.00 37,338.00 52,201.00 -42,183.00 -213.00 -54,800.00 -56,535.00 -70,193.00 -79,532.00 -125,876.00 -156,688.00 -180,370.00 -202,553.00
Net Non-Operating Income 6,929.00 -3,202.00 -124,912.00 -126,360.00 -125,574.00 -116,273.00 -251,528.00 -75,907.00 -96,954.00 -93,610.00 -84,608.00 -110,635.00 126,480.00 -68,040.00 -84,638.00 -66,841.00 -53,381.00
EBT -10,381.00 -109,756.00 -21,514.00 -56,233.00 -64,719.00 -78,935.00 -199,327.00 -118,090.00 -97,167.00 -148,410.00 -141,143.00 -180,828.00 46,948.00 -193,916.00 -241,326.00 -247,211.00 -255,934.00
Income Tax -58,546.00 91,262.00 57,062.00 6,900.00 4,766.00 18,159.00 8,462.00 5,909.00 2,199.00 -4,309.00 6,989.00 5,390.00 596.00 2,105.00 6,613.00 1,897.00 3,997.00
Equity Method Investments Income 0 0 665.00 430.00 469.00 648.00 512.00 459.00 423.00 471.00 199.00 186.00 -170.00 131.00 -114.00 630.00 -911.00
Net Income Including Non-Controlling Interests 848,478.00 -256,532.00 35,548.00 -63,133.00 -69,485.00 -96,269.00 -207,905.00 -123,997.00 -99,769.00 -159,354.00 -134,600.00 -186,502.00 47,678.00 -186,191.00 -234,527.00 -245,395.00 -260,194.00
Net Income Non-Controlling Interests 266.00 168.00 -213.00 315.00 -275.00 -190.00 -379.00 66.00 835.00 -737.00 -776.00 -885.00 -272.00 -505.00 -714.00 -459.00 -484.00
Net Income 851,270.00 -256,364.00 35,335.00 -62,818.00 -69,760.00 -96,459.00 -208,284.00 -123,931.00 -98,934.00 -160,091.00 -135,376.00 -187,387.00 47,406.00 -186,696.00 -235,241.00 -245,854.00 -260,678.00
EBIT 100,931.00 1,488.00 107,839.00 71,436.00 64,575.00 43,653.00 -79,955.00 -11,956.00 2,617.00 -58,241.00 -64,023.00 -113,944.00 108,006.00 -129,932.00 -175,865.00 -182,939.00 -191,833.00
Deprecation and Amortization 27,011.00 21,186.00 29,786.00 32,731.00 31,325.00 34,806.00 36,663.00 36,888.00 40,319.00 41,941.00 43,359.00 49,225.00 50,108.00 57,877.00 63,655.00 67,430.00 73,223.00
EBITDA 127,942.00 22,674.00 137,625.00 104,167.00 95,900.00 78,459.00 -43,292.00 24,932.00 42,936.00 -16,300.00 -20,664.00 -64,719.00 158,114.00 -72,055.00 -112,210.00 -115,509.00 -118,610.00
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
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
Average Shares Outstanding Basic 394,580.00 390,905.00 386,271.00 385,729.00 383,506.00 380,065.00 345,128.00 332,147.00 328,928.00 328,509.00 328,228.00 326,573.00 323,658.00 323,579.00 322,720.00 319,755.00 317,634.00
Average Shares Outstanding Diluted 429,253.00 390,905.00 455,260.00 385,729.00 383,506.00 380,065.00 345,128.00 332,147.00 328,928.00 242,789.00 328,228.00 326,573.00 409,378.00 323,579.00 322,720.00 319,755.00 317,634.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 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 37,163.00 -223,854.00 -80,603.00 0 0 128,171.00 0 0 -72,357.00 -138,954.00 0 0 -140,763.00 -220,468.00 0 0 -197,684.00
   Operating Net Income 848,478.00 -256,531.00 35,548.00 -63,133.00 -69,485.00 -96,269.00 -207,905.00 -123,997.00 -99,769.00 -159,354.00 -134,600.00 -186,502.00 47,678.00 -186,191.00 -234,527.00 -245,395.00 -260,194.00
   Deprecation and Amortization 27,011.00 21,186.00 -29,786.00 32,731.00 31,325.00 34,806.00 36,663.00 36,888.00 40,319.00 41,941.00 43,359.00 49,225.00 50,108.00 57,877.00 63,655.00 67,430.00 73,223.00
   Deferred Income Tax -25,541.00 46,657.00 -14,380.00 0 0 41,506.00 0 0 -19,219.00 -14,736.00 0 0 -2,570.00 -25,511.00 0 0 -2,004.00
   Share Based Compensation 11,170.00 9,940.00 13,662.00 0 0 35,010.00 0 0 17,005.00 55,267.00 0 0 27,605.00 96,466.00 0 0 24,426.00
   Change in Working Capital -44,248.00 63,349.00 -176,639.00 0 0 141,704.00 0 0 -34,598.00 107,288.00 0 0 -90,791.00 145,978.00 0 0 -37,862.00
   Other Operating Activities -779,707.00 -108,455.00 90,992.00 0 0 229,765.00 0 0 23,905.00 59,158.00 0 0 -172,793.00 39,750.00 0 0 4,727.00
Investing Cash Flow 1,036,417.00 -23,621.00 -8,250.00 0 0 -91,870.00 0 0 -18,110.00 -200,888.00 0 0 374,865.00 -37,833.00 0 0 8,405.00
   Capital Expenditure 0 0 -17,891.00 0.00 0.00 -703.00 -20,420.00 -30,080.00 -36,220.00 -68,112.00 -20,090.00 -15,980.00 -34,806.00 -71,760.00 -13,169.00 -10,805.00 -12,870.00
   Net Purchase/Sale of PPE -20,269.00 -21,259.00 -8,250.00 0 0 -18,813.00 -20,420.00 -30,080.00 -18,110.00 -16,021.00 -20,090.00 -15,980.00 -17,403.00 -23,893.00 -13,169.00 -10,805.00 -6,435.00
   Net Purchase/Sale of Investments Net 0 0 0 55,000.00 0 -10,536.00 0 0 0 -80,000.00 0 0 0 10,034.00 0 0 14,840.00
   Net Purchase/Sale of Business 0 0 0 0 0 -12,021.00 0 0 0 -461,065.00 0 0 392,268.00 0 0 0 0
   Other Investing Activities 0 0 17,891.00 0 0 51,203.00 0 0 36,220.00 496,450.00 0 0 34,806.00 95,734.00 0 0 12,870.00
Financing Cash Flow -838,908.00 21,292.00 13,208.00 0 0 -206,158.00 0 0 111,939.00 -49,535.00 0 0 -25,835.00 -26,337.00 0 0 -24,221.00
   Net Issuance/Repayment of Debt -842,784.00 99,917.00 15,652.00 0 0 -42,386.00 0 0 109,130.00 -3,784.00 0 0 -296.00 13,085.00 0 0 -6,295.00
   Net Issuance/Repurchase of Equity 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Dividends Paid 0 0 0 0 0 693.00 5,000.00 5,000.00 5,346.00 6,039.00 5,000.00 5,000.00 5,346.00 6,201.00 5,000.00 5,000.00 5,428.00
   Other Financing Activities 0 0 -2,444.00 0 0 -174,465.00 0 0 -2,537.00 -61,790.00 0 0 -30,885.00 -55,623.00 0 0 -23,354.00
Net Change in Cash 234,672.00 -226,183.00 -73,350.00 0 0 -168,866.00 0 0 22,187.00 -391,530.00 0 0 208,062.00 -285,527.00 0 0 -214,747.00
   Cash at Beginning of Period 447,143.00 672,168.00 745,518.00 0 0 838,110.00 0 0 815,923.00 1,207,453.00 0 0 999,391.00 1,284,918.00 0 0 1,499,665.00
   Cash at End of Period 682,747.00 447,143.00 672,168.00 689,801.00 633,652.00 669,244.00 622,640.00 727,184.00 838,110.00 815,923.00 803,798.00 1,013,219.00 1,207,453.00 999,391.00 1,044,808.00 1,122,114.00 1,284,918.00
Free Cash Flow 16,894.00 -245,113.00 -98,494.00 0 0 76,968.00 0 0 -108,577.00 -243,136.00 0 0 -175,569.00 -316,202.00 0 0 -210,554.00