SEM

Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 11.36 12.30 20.19 9.87 14.33
Price to Sales 0.45 0.43 0.49 0.62 0.65
Book Value Per Common Share 13.04 10.04 8.82 8.29 7.86
Price to Book 1.45 2.34 2.81 3.55 3.52
Price to Operating Cash Flow 4.54 4.97 10.86 9.54 3.49
Price to Free Cash Flow
Enterprise Value to EBITDA 42513.86 42557.00 51234.28 40653.38 45763.30
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 12.84 19.97 37.95 19.59 25.97 40.20 16.30 27.23 46.16 21.88 29.90 64.84 13.86 20.72 41.59
Price to Sales 0.39 0.70 1.56 0.82 1.22 2.09 0.62 1.17 1.90 0.58 0.94 1.93 1.02 1.77 2.87
Book Value Per Common Share 13.64 13.58 13.40 13.04 14.78 10.89 10.65 10.04 9.88 9.78 9.20 8.82 8.70 8.47 8.64 8.29 8.54 9.14 8.50 7.86
Price to Book 0.94 1.12 1.25 1.45 2.36 3.22 2.83 2.34 2.56 3.26 2.81 2.81 2.54 2.79 2.78 3.55 4.24 4.62 4.01 3.52
Price to Operating Cash Flow 5.61 17.73 -609.49 11.08 20.55 -56.00 7.75 13.65 61.59 10.17 16.84 488.59 10.22 15.18 18.53
Price to Free Cash Flow
Enterprise Value to EBITDA 31509.01 52636.35 133890.33 72172.39 108507.80 163347.54 58712.92 102895.39 168714.68 58100.41 88242.65 197083.05 58826.57 93073.57 172676.57

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY -13.09 55.28 -58.72 54.40
Revenue YoY -22.16 5.22 2.08 12.16
EBITDA YoY -19.34 15.01 -36.34 18.80
Net Profit YoY -12.10 53.14 -60.47 55.30
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 31.58 72.73 31.85 80.00 32.48 108.93 27.85 113.51 27.94 148.78
Revenue YoY 50.63 99.00 49.63 98.37 49.88 100.57 49.24 99.07 49.32 101.14
EBITDA YoY 42.50 121.24 48.97 77.33 39.99 102.42 42.84 111.09 34.56 130.20
Net Profit YoY 29.61 71.58 31.89 80.05 32.33 110.50 26.04 112.40 27.93 149.16

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 0.48 0.68 0.79 0.57 4.45
Quick Ratio 0.83 0.78 0.84 0.71 0.96
Current Ratio 1.18 1.11 1.19 0.97 1.16
Debt to Equity 0.26 0.61 0.65 0.64 0.61
Long-Term Debt to Equity 0.18 0.48 0.52 0.50 0.45
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 0.49 0.42 0.42 0.46 1.54 0.90 0.75 0.65 0.63 0.83 0.68 0.77 0.86 0.75 1.01 0.56 5.73 6.16 5.76 4.28
Quick Ratio 0.94 1.02 1.02 0.83 1.00 0.95 1.04 0.78 0.88 0.90 0.91 0.84 0.85 0.82 0.90 0.71 1.24 1.23 1.11 0.96
Current Ratio 1.09 1.15 1.16 1.18 1.13 1.09 1.22 1.11 1.09 1.10 1.11 1.19 1.02 0.98 1.05 0.97 1.34 1.33 1.19 1.16
Debt to Equity 0.27 0.28 0.27 0.26 0.55 0.64 0.65 0.61 0.66 0.66 0.68 0.65 0.69 0.69 0.68 0.64 0.60 0.60 0.63 0.61
Long-Term Debt to Equity 0.20 0.21 0.20 0.18 0.43 0.51 0.53 0.48 0.54 0.54 0.55 0.52 0.56 0.56 0.55 0.50 0.46 0.46 0.47 0.45

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 1.22 1.49 0.99 2.60 1.61
ROE 1.53 2.39 1.62 4.27 2.59
Gross Margin 4.85 13.99 11.58 14.82 14.85
Operating Margin 7.09 7.51 6.48 12.34 11.02
EBITDA Margin 11.03 10.64 9.73 15.61 14.74
Net Profit Margin 4.13 3.65 2.51 6.48 4.68
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 0.74 0.56 0.33 1.41 1.09 0.61 1.26 0.95 0.45 0.86 0.68 0.32 2.19 1.71 0.69
ROE 0.94 0.72 0.42 2.19 1.78 1.00 2.09 1.58 0.76 1.45 1.15 0.54 3.50 2.72 1.12
Gross Margin 4.57 5.11 5.85 14.94 15.66 16.45 14.39 14.89 14.78 11.80 12.14 12.04 16.41 16.90 16.36
Operating Margin 9.88 10.56 9.26 8.81 8.80 10.22 7.94 8.75 8.56 6.95 7.43 6.84 14.51 16.48 14.01
EBITDA Margin 12.44 13.15 11.83 11.79 11.84 13.25 11.03 11.81 11.71 10.18 10.63 10.03 17.76 19.71 17.22
Net Profit Margin 3.11 3.61 4.19 4.33 4.92 5.42 3.94 4.46 4.25 2.77 3.28 3.07 7.59 8.86 7.15

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 17,604,084.00 16,379,344.00 16,139,931.00 15,483,558.00 16,043,141.00
   Current Assets 1,270,396.00 1,487,566.00 1,467,025.00 1,321,277.00 1,783,571.00
      Cash and Short-Term Investments 59,694.00 84,006.00 97,906.00 74,310.00 577,061.00
            Cash and Cash Equivalents 59,694.00 84,006.00 97,906.00 74,310.00 577,061.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 839,185.00 958,535.00 941,312.00 889,303.00 896,763.00
      Inventory 0 0 0 0 0
      Other Current Assets 371,517.00 445,025.00 427,807.00 357,664.00 309,747.00
   Non-Current Assets 16,333,688.00 14,891,778.00 14,672,906.00 14,162,281.00 14,259,570.00
      Property, Plant, Equipment Net 1,780,280.00 2,212,177.00 2,171,180.00 2,040,221.00 1,975,637.00
      Goodwill 4,711,896.00 7,055,340.00 6,990,500.00 6,970,224.00 6,781,528.00
      Intangible Assets 103,183.00 329,916.00 351,662.00 374,879.00 387,541.00
      Long-Term Investments 320,900.00 0 0 0 0
      Non-Current Deferred Assets 27,064.00 21,088.00 16,988.00 22,166.00 20,759.00
      Other Non-Current Assets 9,390,365.00 5,273,257.00 5,142,576.00 4,754,791.00 5,094,105.00
Liabilities 3,610,856.00 6,199,916.00 6,353,486.00 6,070,036.00 6,059,355.00
   Current Liabilities 1,078,372.00 1,340,079.00 1,237,777.00 1,363,030.00 1,535,346.00
      Payables and Expenses 430,838.00 662,195.00 631,786.00 651,206.00 568,086.00
            Account Payables 142,157.00 206,784.00 216,566.00 262,846.00 206,327.00
            Current Accrued Liabilities 288,681.00 455,411.00 415,220.00 388,360.00 361,759.00
      Short-Term Debt 379,471.00 315,729.00 281,135.00 246,906.00 233,034.00
      Other Current Liabilities 268,063.00 362,155.00 324,856.00 464,918.00 734,226.00
   Non-Current Liabilities 2,532,484.00 4,859,837.00 5,115,709.00 4,707,006.00 4,524,009.00
      Long-Term Debt 3,265,794.00 4,613,542.00 4,843,605.00 4,472,925.00 4,264,765.00
      Other Non-Current Liabilities -733,310.00 246,295.00 272,104.00 234,081.00 259,244.00
Equity 13,993,228.00 10,179,428.00 9,786,445.00 9,413,522.00 9,983,786.00
   Shareholders Equity 1,681,355.00 1,288,304.00 1,121,922.00 1,109,981.00 1,060,480.00
      Capital Stock 129.00 128.00 127.00 134.00 135.00
      Share Premium 911,080.00 493,413.00 452,183.00 504,314.00 509,128.00
      Retained Earnings 770,146.00 751,856.00 581,010.00 593,251.00 553,244.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income 0 42,907.00 88,602.00 12,282.00 -2,027.00
   Minority Interest 305,573.00 259,414.00 234,642.00 215,921.00 192,493.00
Investments 320,900.00 0 0 0 0
Debt 3,645,265.00 4,929,271.00 5,124,740.00 4,719,831.00 4,497,799.00
Net Debt 3,585,571.00 4,845,265.00 5,026,834.00 4,645,521.00 3,920,738.00
Common Shares Outstanding 128,962.85 128,369.49 127,173.87 133,884.82 134,850.73
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 5,187,105.00 6,664,058.00 6,333,538.00 6,204,515.00 5,531,713.00
Cost Of Revenue 4,935,484.00 5,732,017.00 5,600,161.00 5,285,149.00 4,710,372.00
Gross Profit 251,621.00 932,041.00 733,377.00 919,366.00 821,341.00
Operating Expenses -16,694.00 377,167.00 330,094.00 205,592.00 253,684.00
   Selling, General and Administrative Expenses 225,869.00 170,193.00 153,035.00 146,975.00 138,037.00
   Other Operating Expenses -242,563.00 206,974.00 177,059.00 58,617.00 115,647.00
Operating Income 268,315.00 554,874.00 403,283.00 713,774.00 567,657.00
Net Non-Operating Income -93,546.00 -172,518.00 -142,704.00 -84,052.00 -111,184.00
Interest Expense 193,223.00 117,873.00 150,025.00 135,985.00 153,011.00
EBT 174,769.00 382,356.00 260,579.00 629,722.00 456,473.00
Income Tax 60,139.00 101,913.00 67,229.00 129,773.00 111,867.00
Equity Method Investments Income 0 40,813.00 26,407.00 44,428.00 29,440.00
Net Income Including Non-Controlling Interests 131,372.00 187,251.00 119,962.00 304,501.00 173,384.00
Net Income Non-Controlling Interests 82,666.00 56,240.00 39,032.00 97,724.00 85,611.00
Net Income 214,038.00 243,491.00 158,994.00 402,225.00 258,995.00
EBIT 367,992.00 500,229.00 410,604.00 765,707.00 609,484.00
Deprecation and Amortization 203,894.00 208,742.00 205,825.00 202,645.00 205,659.00
EBITDA 571,886.00 708,971.00 616,429.00 968,352.00 815,143.00
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 124,614.00 123,105.00 124,628.00 130,249.00 129,780.00
Average Shares Outstanding Diluted 124,614.00 123,105.00 124,628.00 130,249.00 129,780.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 517,864.00 582,058.00 284,825.00 401,228.00 1,028,073.00
   Operating Net Income 444,720.00 380,853.00 255,837.00 587,477.00 416,778.00
   Deprecation and Amortization 203,894.00 208,742.00 205,825.00 202,645.00 205,659.00
   Deferred Income Tax -32,434.00 -16,119.00 7,521.00 5,055.00 -14,715.00
   Share Based Compensation 100,670.00 43,809.00 37,755.00 30,940.00 27,250.00
   Change in Working Capital 74,543.00 95,870.00 5,355.00 -33,254.00 313,953.00
   Other Operating Activities -273,529.00 -131,097.00 -227,468.00 -391,635.00 79,148.00
Investing Cash Flow -231,011.00 -268,477.00 -226,339.00 -256,594.00 -115,353.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 222,177.00 229,200.00 190,372.00 180,537.00 146,440.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0
   Net Purchase/Sale of Business 13,097.00 39,440.00 44,310.00 102,878.00 52,233.00
   Other Investing Activities -466,285.00 -537,117.00 -461,021.00 -540,009.00 -314,026.00
Financing Cash Flow -311,165.00 -327,481.00 -34,890.00 -647,385.00 -671,541.00
   Net Issuance/Repayment of Debt 5,155,063.00 2,051,658.00 2,005,868.00 275,034.00 1,028,489.00
   Net Issuance/Repurchase of Equity 37,905.00 12,759.00 195,528.00 79,476.00 16,034.00
   Dividends Paid 124,618.00 127,435.00 107,696.00 123,681.00 38,589.00
   Other Financing Activities -5,628,751.00 -2,519,333.00 -2,343,982.00 -1,125,576.00 -1,754,653.00
Net Change in Cash -24,312.00 -13,900.00 23,596.00 -502,751.00 241,179.00
   Cash at Beginning of Period 84,006.00 97,906.00 74,310.00 577,061.00 335,882.00
   Cash at End of Period 59,694.00 84,006.00 97,906.00 74,310.00 577,061.00
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 17,057,169.00 17,226,750.00 17,088,009.00 17,604,084.00 16,271,722.00 16,015,104.00 15,980,226.00 16,379,344.00 15,641,416.00 15,667,338.00 15,653,572.00 16,139,931.00 15,373,952.00 15,360,216.00 15,313,888.00 15,483,558.00 16,056,746.00 16,155,058.00 16,070,562.00 16,043,141.00
   Current Assets 1,020,464.00 1,080,890.00 1,092,292.00 1,270,396.00 1,404,197.00 1,365,087.00 1,440,340.00 1,487,566.00 1,276,087.00 1,304,484.00 1,313,733.00 1,467,025.00 1,217,246.00 1,221,048.00 1,250,851.00 1,321,277.00 1,779,341.00 1,868,170.00 1,835,314.00 1,783,571.00
      Cash and Short-Term Investments 60,054.00 52,349.00 53,213.00 59,694.00 191,468.00 111,160.00 92,620.00 84,006.00 77,440.00 101,167.00 83,703.00 97,906.00 108,223.00 94,669.00 130,881.00 74,310.00 747,983.00 803,493.00 750,274.00 577,061.00
            Cash and Cash Equivalents 60,054.00 52,349.00 53,213.00 59,694.00 191,468.00 111,160.00 92,620.00 84,006.00 77,440.00 101,167.00 83,703.00 97,906.00 108,223.00 94,669.00 130,881.00 74,310.00 747,983.00 803,493.00 750,274.00 577,061.00
            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 825,811.00 909,460.00 908,185.00 839,185.00 1,060,007.00 1,077,984.00 1,134,788.00 958,535.00 944,219.00 964,680.00 997,274.00 941,312.00 909,030.00 921,623.00 941,434.00 889,303.00 898,823.00 931,179.00 959,715.00 896,763.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 134,599.00 119,081.00 130,894.00 371,517.00 152,722.00 175,943.00 212,932.00 445,025.00 254,428.00 238,637.00 232,756.00 427,807.00 199,993.00 204,756.00 178,536.00 357,664.00 132,535.00 133,498.00 125,325.00 309,747.00
   Non-Current Assets 16,036,705.00 16,145,860.00 15,995,717.00 16,333,688.00 14,867,525.00 14,650,017.00 14,539,886.00 14,891,778.00 14,365,329.00 14,362,854.00 14,339,839.00 14,672,906.00 14,156,706.00 14,139,168.00 14,063,037.00 14,162,281.00 14,277,405.00 14,286,888.00 14,235,248.00 14,259,570.00
      Property, Plant, Equipment Net 1,842,325.00 1,860,365.00 1,804,100.00 1,780,280.00 2,361,428.00 2,283,426.00 2,201,339.00 2,212,177.00 2,187,749.00 2,187,269.00 2,173,817.00 2,171,180.00 2,087,225.00 2,092,430.00 2,055,636.00 2,040,221.00 2,006,648.00 1,981,557.00 1,984,723.00 1,975,637.00
      Goodwill 2,333,143.00 2,331,898.00 2,331,898.00 4,711,896.00 3,555,022.00 3,525,474.00 3,517,071.00 7,055,340.00 3,504,654.00 3,486,050.00 3,484,594.00 6,990,500.00 3,479,374.00 3,476,213.00 3,465,456.00 6,970,224.00 3,399,794.00 3,391,040.00 3,390,325.00 6,781,528.00
      Intangible Assets 101,425.00 101,925.00 102,544.00 103,183.00 312,565.00 316,930.00 324,125.00 329,916.00 336,639.00 346,733.00 346,606.00 351,662.00 358,411.00 366,222.00 368,850.00 374,879.00 378,433.00 380,302.00 384,322.00 387,541.00
      Long-Term Investments 0 0 0 320,900.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 27,064.00 0 0 0 21,088.00 0 0 0 16,988.00 0 0 0 22,166.00 0 0 0 20,759.00
      Other Non-Current Assets 11,759,812.00 11,851,672.00 11,757,175.00 9,390,365.00 8,638,510.00 8,524,187.00 8,497,351.00 5,273,257.00 8,336,287.00 8,342,802.00 8,334,822.00 5,142,576.00 8,231,696.00 8,204,303.00 8,173,095.00 4,754,791.00 8,492,530.00 8,533,989.00 8,475,878.00 5,094,105.00
Liabilities 3,665,867.00 3,742,988.00 3,649,966.00 3,610,856.00 5,781,417.00 6,223,172.00 6,277,730.00 6,199,916.00 6,219,420.00 6,250,015.00 6,329,096.00 6,353,486.00 6,274,217.00 6,290,960.00 6,206,478.00 6,070,036.00 5,992,931.00 6,043,735.00 6,187,433.00 6,059,355.00
   Current Liabilities 939,578.00 938,990.00 944,799.00 1,078,372.00 1,245,704.00 1,256,999.00 1,184,377.00 1,340,079.00 1,166,056.00 1,188,212.00 1,185,706.00 1,237,777.00 1,196,744.00 1,241,739.00 1,189,151.00 1,363,030.00 1,326,373.00 1,409,028.00 1,540,252.00 1,535,346.00
      Payables and Expenses 414,665.00 449,665.00 426,892.00 430,838.00 525,875.00 506,760.00 456,138.00 662,195.00 647,716.00 658,726.00 615,429.00 631,786.00 630,974.00 656,072.00 628,493.00 651,206.00 592,826.00 619,559.00 593,005.00 568,086.00
            Account Payables 167,102.00 163,265.00 158,542.00 142,157.00 170,711.00 160,129.00 163,551.00 206,784.00 195,130.00 216,301.00 184,342.00 216,566.00 217,760.00 260,811.00 248,082.00 262,846.00 202,287.00 216,674.00 199,242.00 206,327.00
            Current Accrued Liabilities 247,563.00 286,400.00 268,350.00 288,681.00 355,164.00 346,631.00 292,587.00 455,411.00 452,586.00 442,425.00 431,087.00 415,220.00 413,214.00 395,261.00 380,411.00 388,360.00 390,539.00 402,885.00 393,763.00 361,759.00
      Short-Term Debt 212,993.00 202,476.00 209,958.00 379,471.00 292,617.00 294,351.00 305,801.00 315,729.00 277,679.00 298,722.00 353,607.00 281,135.00 278,024.00 277,926.00 258,933.00 246,906.00 244,478.00 236,476.00 239,074.00 233,034.00
      Other Current Liabilities 311,920.00 286,849.00 307,949.00 268,063.00 427,212.00 455,888.00 422,438.00 362,155.00 240,661.00 230,764.00 216,670.00 324,856.00 287,746.00 307,741.00 301,725.00 464,918.00 489,069.00 552,993.00 708,173.00 734,226.00
   Non-Current Liabilities 2,726,289.00 2,803,998.00 2,705,167.00 2,532,484.00 4,535,713.00 4,966,173.00 5,093,353.00 4,859,837.00 5,053,364.00 5,061,803.00 5,143,390.00 5,115,709.00 5,077,473.00 5,049,221.00 5,017,327.00 4,707,006.00 4,666,558.00 4,634,707.00 4,647,181.00 4,524,009.00
      Long-Term Debt 2,561,957.00 2,657,759.00 2,555,270.00 3,265,794.00 4,262,363.00 4,685,444.00 4,773,791.00 4,613,542.00 4,714,429.00 4,716,655.00 4,791,514.00 4,843,605.00 4,718,169.00 4,698,391.00 4,676,722.00 4,472,925.00 4,294,114.00 4,279,692.00 4,281,775.00 4,264,765.00
      Other Non-Current Liabilities 164,332.00 146,239.00 149,897.00 -733,310.00 273,350.00 280,729.00 319,562.00 246,295.00 338,935.00 345,148.00 351,876.00 272,104.00 359,304.00 350,830.00 340,605.00 234,081.00 372,444.00 355,015.00 365,406.00 259,244.00
Equity 13,391,302.00 13,483,762.00 13,438,043.00 13,993,228.00 10,490,305.00 9,791,932.00 9,702,496.00 10,179,428.00 9,421,996.00 9,417,323.00 9,324,476.00 9,786,445.00 9,099,735.00 9,069,256.00 9,107,410.00 9,413,522.00 10,063,815.00 10,111,323.00 9,883,129.00 9,983,786.00
   Shareholders Equity 1,689,270.00 1,667,041.00 1,719,394.00 1,681,355.00 1,915,191.00 1,416,589.00 1,367,282.00 1,288,304.00 1,267,810.00 1,246,038.00 1,170,449.00 1,121,922.00 1,105,595.00 1,071,413.00 1,138,140.00 1,109,981.00 1,145,498.00 1,234,225.00 1,145,976.00 1,060,480.00
      Capital Stock 124.00 123.00 128.00 129.00 130.00 130.00 128.00 128.00 128.00 127.00 127.00 127.00 127.00 126.00 132.00 134.00 134.00 135.00 135.00 135.00
      Share Premium 870,575.00 867,347.00 908,868.00 911,080.00 858,741.00 519,280.00 505,403.00 493,413.00 482,290.00 473,942.00 462,185.00 452,183.00 444,843.00 441,769.00 489,794.00 504,314.00 501,710.00 516,172.00 514,336.00 509,128.00
      Retained Earnings 824,813.00 804,728.00 813,504.00 770,146.00 1,056,320.00 891,397.00 830,821.00 751,856.00 722,665.00 696,922.00 635,483.00 581,010.00 570,069.00 565,556.00 596,079.00 593,251.00 639,451.00 713,191.00 625,381.00 553,244.00
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income -6,242.00 -5,157.00 -3,106.00 0 0 5,782.00 30,930.00 42,907.00 62,727.00 75,047.00 72,654.00 88,602.00 90,556.00 63,962.00 52,135.00 12,282.00 4,203.00 4,727.00 6,124.00 -2,027.00
   Minority Interest 321,935.00 323,728.00 317,622.00 305,573.00 354,798.00 290,376.00 270,361.00 259,414.00 255,579.00 255,541.00 247,992.00 234,642.00 228,924.00 232,288.00 228,756.00 215,921.00 218,114.00 215,667.00 204,641.00 192,493.00
Investments 0 0 0 320,900.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Debt 2,774,950.00 2,860,235.00 2,765,228.00 3,645,265.00 4,554,980.00 4,979,795.00 5,079,592.00 4,929,271.00 4,992,108.00 5,015,377.00 5,145,121.00 5,124,740.00 4,996,193.00 4,976,317.00 4,935,655.00 4,719,831.00 4,538,592.00 4,516,168.00 4,520,849.00 4,497,799.00
Net Debt 2,714,896.00 2,807,886.00 2,712,015.00 3,585,571.00 4,363,512.00 4,868,635.00 4,986,972.00 4,845,265.00 4,914,668.00 4,914,210.00 5,061,418.00 5,026,834.00 4,887,970.00 4,881,648.00 4,804,774.00 4,645,521.00 3,790,609.00 3,712,675.00 3,770,575.00 3,920,738.00
Common Shares Outstanding 123,817.59 122,775.72 128,314.03 128,962.85 129,539.72 130,025.56 128,357.83 128,369.49 128,287.21 127,387.87 127,176.28 127,173.87 127,144.16 126,491.35 131,769.30 133,884.82 134,144.99 135,005.37 134,838.71 134,850.73
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 4,056,196.00 2,692,751.00 1,353,172.00 -5,459,868.00 5,309,692.00 3,548,472.00 1,788,809.00 -3,345,632.00 5,005,202.00 3,339,508.00 1,664,980.00 -3,202,379.00 4,752,082.00 3,184,288.00 1,599,547.00 -3,097,135.00 4,644,704.00 3,110,483.00 1,546,463.00
Cost Of Revenue 3,870,754.00 2,555,233.00 1,274,023.00 -4,068,333.00 4,516,553.00 2,992,654.00 1,494,610.00 -2,814,155.00 4,284,931.00 2,842,422.00 1,418,819.00 -2,795,786.00 4,191,377.00 2,797,560.00 1,407,010.00 -2,475,776.00 3,882,579.00 2,584,897.00 1,293,449.00
Gross Profit 185,442.00 137,518.00 79,149.00 -1,391,535.00 793,139.00 555,818.00 294,199.00 -531,477.00 720,271.00 497,086.00 246,161.00 -406,593.00 560,705.00 386,728.00 192,537.00 -621,359.00 762,125.00 525,586.00 253,014.00
Operating Expenses -86,792.00 -61,758.00 -33,596.00 -621,216.00 300,239.00 204,051.00 100,232.00 -183,612.00 279,650.00 186,425.00 94,704.00 -164,520.00 244,286.00 161,776.00 88,552.00 -10,906.00 125,890.00 39,606.00 51,002.00
   Selling, General and Administrative Expenses 108,721.00 68,671.00 33,008.00 -66,575.00 145,672.00 98,325.00 48,447.00 -82,976.00 126,103.00 84,787.00 42,279.00 -73,531.00 114,272.00 74,781.00 37,513.00 -68,593.00 109,025.00 71,140.00 35,403.00
   Other Operating Expenses -195,513.00 -130,429.00 -66,604.00 -554,641.00 154,567.00 105,726.00 51,785.00 -100,636.00 153,547.00 101,638.00 52,425.00 -90,989.00 130,014.00 86,995.00 51,039.00 57,687.00 16,865.00 -31,534.00 15,599.00
Operating Income 272,234.00 199,276.00 112,745.00 -770,319.00 492,900.00 351,767.00 193,967.00 -347,865.00 440,621.00 310,661.00 151,457.00 -242,073.00 316,419.00 224,952.00 103,985.00 -610,453.00 636,235.00 485,980.00 202,012.00
Net Non-Operating Income -49,949.00 -32,920.00 -16,560.00 122,373.00 -104,443.00 -71,134.00 -40,342.00 77,921.00 -131,913.00 -78,511.00 -40,015.00 54,537.00 -102,122.00 -65,002.00 -30,117.00 41,681.00 -64,186.00 -41,813.00 -19,734.00
Interest Expense 178,263.00 118,119.00 29,072.00 53,117.00 79,322.00 31,530.00 29,254.00 -61,882.00 88,765.00 59,971.00 31,019.00 -77,889.00 115,834.00 76,566.00 35,514.00 -68,822.00 102,115.00 68,290.00 34,402.00
EBT 222,285.00 166,356.00 96,185.00 -647,946.00 388,457.00 280,633.00 153,625.00 -269,944.00 308,708.00 232,150.00 111,442.00 -187,536.00 214,297.00 159,950.00 73,868.00 -568,772.00 572,049.00 444,167.00 182,278.00
Income Tax 45,465.00 33,740.00 21,453.00 -174,569.00 110,866.00 82,222.00 41,620.00 -78,064.00 85,248.00 64,244.00 30,485.00 -43,942.00 55,467.00 37,762.00 17,942.00 -164,446.00 138,410.00 110,745.00 45,064.00
Equity Method Investments Income 0 0 0 0 49,805.00 16,736.00 10,421.00 -17,418.00 30,618.00 19,057.00 8,556.00 -10,202.00 19,648.00 11,564.00 5,397.00 -20,399.00 33,180.00 21,728.00 9,919.00
Net Income Including Non-Controlling Interests 75,299.00 61,893.00 38,630.00 -249,470.00 167,228.00 136,987.00 76,627.00 -146,580.00 156,511.00 120,967.00 56,353.00 -111,472.00 102,666.00 86,460.00 42,308.00 -267,932.00 271,097.00 217,458.00 83,878.00
Net Income Non-Controlling Interests 50,746.00 35,359.00 18,051.00 -37,937.00 62,860.00 37,473.00 20,270.00 -26,998.00 40,711.00 28,075.00 14,452.00 -14,465.00 28,824.00 17,864.00 6,809.00 -68,197.00 81,271.00 57,982.00 26,668.00
Net Income 126,045.00 97,252.00 56,681.00 -287,407.00 230,088.00 174,460.00 96,897.00 -173,578.00 197,222.00 149,042.00 70,805.00 -125,937.00 131,490.00 104,324.00 49,117.00 -336,129.00 352,368.00 275,440.00 110,546.00
EBIT 400,548.00 284,475.00 125,257.00 -594,829.00 467,779.00 312,163.00 182,879.00 -331,826.00 397,473.00 292,121.00 142,461.00 -265,425.00 330,131.00 236,516.00 109,382.00 -637,594.00 674,164.00 512,457.00 216,680.00
Deprecation and Amortization 104,098.00 69,656.00 34,808.00 -116,334.00 158,151.00 108,008.00 54,069.00 -100,805.00 154,758.00 102,364.00 52,425.00 -100,913.00 153,579.00 102,120.00 51,039.00 -98,251.00 150,702.00 100,574.00 49,620.00
EBITDA 504,646.00 354,131.00 160,065.00 -711,163.00 625,930.00 420,171.00 236,948.00 -432,631.00 552,231.00 394,485.00 194,886.00 -366,338.00 483,710.00 338,636.00 160,421.00 -735,845.00 824,866.00 613,031.00 266,300.00
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
Average Shares Outstanding Basic 123,326.00 124,774.00 126,205.00 125,937.00 124,714.00 123,946.00 123,859.00 123,833.00 123,400.00 122,634.00 122,553.00 117,219.00 125,341.00 126,942.00 129,010.00 129,677.00 130,594.00 130,396.00 130,329.00
Average Shares Outstanding Diluted 123,326.00 124,774.00 126,205.00 125,937.00 124,714.00 123,946.00 123,859.00 123,833.00 123,400.00 122,634.00 122,553.00 117,219.00 125,341.00 126,942.00 129,010.00 260,006.00 130,594.00 130,396.00 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
Operating Cash Flow 282,142.00 106,835.00 -3,457.00 -19,342.00 392,432.00 211,463.00 -66,689.00 -158,276.00 402,616.00 286,278.00 51,440.00 -171,811.00 272,281.00 178,018.00 6,337.00 -663,666.00 461,980.00 363,026.00 239,888.00
   Operating Net Income 176,791.00 132,611.00 74,732.00 -177,328.00 292,948.00 211,933.00 117,167.00 -119,454.00 237,933.00 177,117.00 85,257.00 -82,591.00 160,314.00 122,188.00 55,926.00 -316,798.00 433,639.00 333,422.00 137,214.00
   Deprecation and Amortization 104,098.00 69,656.00 34,808.00 -116,334.00 158,151.00 108,008.00 54,069.00 -100,805.00 154,758.00 102,364.00 52,425.00 -100,913.00 153,579.00 102,120.00 51,039.00 -98,251.00 150,702.00 100,574.00 49,620.00
   Deferred Income Tax 10,547.00 -7,348.00 -5,655.00 43,737.00 -34,941.00 -34,339.00 -6,891.00 14,407.00 -17,049.00 -10,876.00 -2,601.00 16,146.00 -7,080.00 -1,965.00 420.00 26,240.00 -11,965.00 -8,323.00 -897.00
   Share Based Compensation 12,179.00 7,924.00 3,892.00 23,638.00 39,399.00 26,023.00 11,610.00 -18,871.00 31,991.00 20,508.00 10,181.00 -16,793.00 27,956.00 17,769.00 8,823.00 -11,579.00 22,002.00 13,808.00 6,709.00
   Change in Working Capital -11,675.00 67,169.00 76,462.00 -408,040.00 132,404.00 191,312.00 158,867.00 -34,121.00 39,061.00 52,789.00 38,141.00 -90,569.00 917.00 58,651.00 36,356.00 -400,004.00 112,011.00 146,506.00 108,233.00
   Other Operating Activities -9,798.00 -163,177.00 -187,696.00 614,985.00 -195,529.00 -291,474.00 -401,511.00 100,568.00 -44,078.00 -55,624.00 -131,963.00 102,909.00 -63,405.00 -120,745.00 -146,227.00 136,726.00 -244,409.00 -222,961.00 -60,991.00
Investing Cash Flow -149,594.00 -116,984.00 -52,315.00 95,189.00 -156,818.00 -111,725.00 -57,657.00 135,353.00 -198,893.00 -135,875.00 -69,062.00 112,191.00 -169,105.00 -114,094.00 -55,331.00 41,562.00 -157,326.00 -88,245.00 -52,585.00
   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 170,125.00 117,023.00 52,339.00 -97,153.00 158,748.00 108,065.00 52,517.00 -462,698.00 337,254.00 236,854.00 117,790.00 -370,625.00 275,602.00 191,668.00 93,727.00 -61,010.00 125,386.00 76,442.00 39,719.00
   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 1,601.00 0 0 -612.00 2,311.00 5,993.00 5,405.00 -18,645.00 30,356.00 17,532.00 10,197.00 -29,794.00 39,350.00 26,231.00 8,523.00 25,530.00 43,197.00 21,266.00 12,885.00
   Other Investing Activities -321,320.00 -234,007.00 -104,654.00 192,954.00 -317,877.00 -225,783.00 -115,579.00 616,696.00 -566,503.00 -390,261.00 -197,049.00 512,610.00 -484,057.00 -331,993.00 -157,581.00 77,042.00 -325,909.00 -185,953.00 -105,189.00
Financing Cash Flow -132,188.00 2,804.00 49,291.00 -243,389.00 -128,152.00 -72,584.00 132,960.00 40,431.00 -224,189.00 -147,142.00 3,419.00 -27,627.00 -69,263.00 -43,565.00 105,565.00 -451,214.00 -133,732.00 -48,349.00 -14,090.00
   Net Issuance/Repayment of Debt 1,936,684.00 1,423,747.00 753,624.00 122,849.00 2,847,824.00 1,399,341.00 785,049.00 -875,620.00 1,442,180.00 1,018,204.00 466,894.00 -861,759.00 1,506,940.00 963,313.00 397,374.00 190,123.00 42,425.00 24,229.00 18,257.00
   Net Issuance/Repurchase of Equity 99,535.00 97,565.00 11,389.00 -492,617.00 529,122.00 1,400.00 0 203.00 11,050.00 1,506.00 0 -228,385.00 193,614.00 178,623.00 51,676.00 11,816.00 66,050.00 1,610.00 0
   Dividends Paid 72,496.00 45,652.00 22,805.00 -39,228.00 84,293.00 50,669.00 28,884.00 -55,061.00 102,724.00 55,906.00 23,866.00 -60,107.00 89,355.00 51,462.00 26,986.00 -20,223.00 84,213.00 46,028.00 13,663.00
   Other Financing Activities -2,240,903.00 -1,564,160.00 -738,527.00 165,607.00 -3,589,391.00 -1,523,994.00 -680,973.00 970,909.00 -1,780,143.00 -1,222,758.00 -487,341.00 1,122,624.00 -1,859,172.00 -1,236,963.00 -370,471.00 -632,930.00 -326,420.00 -120,216.00 -46,010.00
Net Change in Cash 360.00 -7,345.00 -6,481.00 -167,542.00 107,462.00 27,154.00 8,614.00 17,508.00 -20,466.00 3,261.00 -14,203.00 -87,247.00 33,913.00 20,359.00 56,571.00 -1,073,318.00 170,922.00 226,432.00 173,213.00
   Cash at Beginning of Period 59,694.00 59,694.00 59,694.00 227,236.00 84,006.00 84,006.00 84,006.00 66,498.00 97,906.00 97,906.00 97,906.00 185,153.00 74,310.00 74,310.00 74,310.00 1,147,628.00 577,061.00 577,061.00 577,061.00
   Cash at End of Period 60,054.00 52,349.00 53,213.00 59,694.00 191,468.00 111,160.00 92,620.00 84,006.00 77,440.00 101,167.00 83,703.00 97,906.00 108,223.00 94,669.00 130,881.00 74,310.00 747,983.00 803,493.00 750,274.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0