Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 12.21 17.64 22.00 22.35
Price to Sales 1.50 2.24 2.69 1.83
Book Value Per Common Share 15.08 14.14 12.45 10.69 8.67
Price to Book 2.54 3.68 4.29 2.80
Price to Operating Cash Flow 8.25 11.17 20.35 9.02
Price to Free Cash Flow
Enterprise Value to EBITDA 34593.10 52566.92 66355.57 53212.17
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 18.78 25.41 72.07 17.78 30.84 73.08 26.87 35.59 75.54 21.37 34.38 114.75 32.22 61.56 129.48
Price to Sales 1.85 2.70 6.73 2.21 3.78 9.01 3.44 4.42 9.05 2.51 3.97 9.78 2.48 4.12 7.28
Book Value Per Common Share 17.16 15.02 14.35 15.08 15.23 14.84 14.51 14.14 13.62 13.09 12.68 12.45 12.13 11.54 10.86 10.69 9.53 9.13 8.97 8.67
Price to Book 2.00 2.25 2.91 2.54 2.75 3.18 3.78 3.68 4.28 3.75 3.87 4.29 2.96 3.10 3.80 2.80 3.11 3.51 3.03
Price to Operating Cash Flow 13.77 25.49 86.51 14.19 38.24 239.87 22.97 36.12 212.19 24.10 93.74 445.15 15.25 27.14 88.60
Price to Free Cash Flow
Enterprise Value to EBITDA 97395.45 125924.80 254957.04 95858.60 166805.09 399707.78 149202.02 194726.56 405237.79 112352.37 176789.71 282355.48 74294.45 129192.33 239734.88

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 6.44 21.40 81.34
Revenue YoY 9.52 17.96 22.51 -2.85
EBITDA YoY 9.87 23.50 44.85
Net Profit YoY 6.14 22.14 82.93
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 37.59 129.31 54.25 104.00 57.25 112.31 61.54 188.89 76.92 147.62
Revenue YoY 52.41 100.65 51.32 104.96 52.48 104.69 58.72 113.60 53.85 107.87
EBITDA YoY 45.35 62.65 -33.83 53.88 104.90 -39.82 55.15 107.59 -12.87 58.37 38.35 61.50 118.47
Net Profit YoY 40.81 127.23 54.40 104.12 57.14 110.60 61.81 188.04 75.34 144.15

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 3.29 2.80 2.04 2.24 2.16
Quick Ratio 0.99 0.88 0.83 0.82 0.79
Current Ratio 1.45 1.32 1.25 1.22 1.23
Debt to Equity 0.60 0.62 0.67 0.81 1.00
Long-Term Debt to Equity 0.31 0.31 0.35 0.49 0.65
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 2.57 2.76 2.85 3.33 3.13 2.80 2.44 2.79 2.62 2.24 1.76 2.04 2.55 1.99 1.88 2.24 2.10 1.92 2.08 2.16
Quick Ratio 0.90 0.88 0.83 0.99 1.00 1.02 0.91 0.88 0.94 0.89 0.82 0.83 0.92 0.86 0.78 0.82 0.85 0.91 0.83 0.79
Current Ratio 1.39 1.31 1.24 1.45 1.48 1.49 1.37 1.32 1.36 1.33 1.26 1.25 1.40 1.35 1.24 1.22 1.27 1.37 1.30 1.23
Debt to Equity 0.55 0.64 1.36 0.60 1.19 1.22 1.18 0.62 1.32 1.37 1.39 0.67 1.52 1.58 1.68 0.81 2.00 2.13 2.24 1.00
Long-Term Debt to Equity 0.28 0.31 0.64 0.31 0.63 0.66 0.60 0.31 0.69 0.73 0.72 0.35 0.88 0.94 1.00 0.49 1.29 1.46 1.48 0.65

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 6.29 6.03 5.47 3.22 -17.56
ROE 10.05 9.76 9.11 5.83 -35.12
Gross Margin 20.56 19.81 18.37 15.95 11.02
Operating Margin 35.84 35.67 33.09 25.20 -37.46
EBITDA Margin 42.78 42.65 40.73 34.45 -26.58
Net Profit Margin 12.29 12.68 12.25 8.20 -44.57
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 3.21 2.58 1.63 6.76 4.42 2.23 6.75 4.39 2.13 5.39 3.43 1.22 3.12 1.78 0.71
ROE 4.96 4.23 3.84 14.81 9.78 4.87 15.68 10.39 5.08 13.57 8.84 3.26 9.37 5.59 2.31
Gross Margin 18.40 18.90 18.92 20.20 20.04 19.36 19.74 19.25 18.76 17.76 16.91 15.92 15.38 14.58 13.77
Operating Margin 12.95 13.82 12.56 15.96 15.61 15.62 15.98 15.54 15.05 14.51 14.10 25.75 23.99 22.17 20.18
EBITDA Margin 20.31 21.29 26.27 22.88 22.50 22.51 23.04 22.64 22.32 22.42 22.47 34.69 33.50 31.91 30.37
Net Profit Margin 9.82 10.63 9.39 12.46 12.22 12.27 12.80 12.42 12.07 11.76 11.54 8.55 7.66 6.72 5.72

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 70,958,000.00 69,658,000.00 62,936,000.00 58,467,000.00 59,891,000.00
   Current Assets 18,570,000.00 17,718,000.00 15,003,000.00 12,654,000.00 12,919,000.00
      Cash and Short-Term Investments 4,669,000.00 3,989,000.00 2,894,000.00 3,139,000.00 3,006,000.00
            Cash and Cash Equivalents 3,544,000.00 2,900,000.00 1,655,000.00 1,757,000.00 844,000.00
            Short-Term Investments 1,125,000.00 1,089,000.00 1,239,000.00 1,382,000.00 2,162,000.00
      Net Receivables 8,011,000.00 7,812,000.00 7,032,000.00 5,315,000.00 5,247,000.00
      Inventory 4,375,000.00 4,387,000.00 3,999,000.00 3,272,000.00 3,354,000.00
      Other Current Assets 1,515,000.00 1,530,000.00 1,078,000.00 928,000.00 1,312,000.00
   Non-Current Assets 52,388,000.00 51,940,000.00 47,933,000.00 45,813,000.00 46,972,000.00
      Property, Plant, Equipment Net 7,359,000.00 7,240,000.00 6,607,000.00 7,029,000.00 7,626,000.00
      Goodwill 30,152,000.00 29,134,000.00 12,982,000.00 12,990,000.00 12,980,000.00
      Intangible Assets 3,012,000.00 3,239,000.00 2,992,000.00 3,211,000.00 3,455,000.00
      Long-Term Investments 1,635,000.00 1,624,000.00 1,581,000.00 2,044,000.00 2,061,000.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 10,230,000.00 10,703,000.00 23,771,000.00 20,539,000.00 20,850,000.00
Liabilities 26,585,000.00 26,598,000.00 25,146,000.00 26,225,000.00 29,945,000.00
   Current Liabilities 12,811,000.00 13,395,000.00 12,018,000.00 10,359,000.00 10,491,000.00
      Payables and Expenses 10,375,000.00 10,904,000.00 9,121,000.00 8,382,000.00 8,442,000.00
            Account Payables 403,000.00 374,000.00 263,000.00 189,000.00 184,000.00
            Current Accrued Liabilities 982,000.00 994,000.00 1,002,000.00 879,000.00 1,015,000.00
      Short-Term Debt 0 0 0 0 0
      Other Current Liabilities 2,436,000.00 2,491,000.00 2,897,000.00 1,977,000.00 2,049,000.00
   Non-Current Liabilities 13,774,000.00 13,203,000.00 13,128,000.00 15,866,000.00 19,454,000.00
      Long-Term Debt 11,023,000.00 10,842,000.00 10,594,000.00 13,286,000.00 16,036,000.00
      Other Non-Current Liabilities 2,751,000.00 2,361,000.00 2,534,000.00 2,580,000.00 3,418,000.00
Equity 44,373,000.00 43,060,000.00 37,790,000.00 32,242,000.00 29,946,000.00
   Shareholders Equity 21,130,000.00 20,189,000.00 17,685,000.00 15,004,000.00 12,071,000.00
      Capital Stock 11,458,000.00 11,624,000.00 11,837,000.00 12,608,000.00 12,970,000.00
      Share Premium 0 0 0 0 0
      Retained Earnings 16,395,000.00 13,497,000.00 10,719,000.00 8,199,000.00 7,018,000.00
      Treasury Shares 1,773,000.00 678,000.00 1,016,000.00 2,233,000.00 3,033,000.00
      Accumulated Other Comprehensive Income -9,900,000.00 -8,508,000.00 -7,710,000.00 -7,140,000.00 -4,884,000.00
   Minority Interest 2,020,000.00 1,970,000.00 304,000.00 282,000.00 418,000.00
Investments 2,760,000.00 2,713,000.00 2,820,000.00 3,426,000.00 4,223,000.00
Debt 11,023,000.00 10,842,000.00 10,594,000.00 13,286,000.00 16,036,000.00
Net Debt 6,354,000.00 6,853,000.00 7,700,000.00 10,147,000.00 13,030,000.00
Common Shares Outstanding 1,400,850.42 1,427,394.84 1,420,188.49 1,403,381.69 1,392,325.96
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 36,289,000.00 33,135,000.00 28,091,000.00 22,929,000.00 23,601,000.00
Cost Of Revenue 28,829,000.00 26,572,000.00 22,930,000.00 19,271,000.00 21,000,000.00
Gross Profit 7,460,000.00 6,563,000.00 5,161,000.00 3,658,000.00 2,601,000.00
Operating Expenses 0 40,000.00 150,000.00 293,000.00 200,000.00
   Selling, General and Administrative Expenses 385,000.00 364,000.00 376,000.00 339,000.00 365,000.00
   Research and Development Expenses 749,000.00 711,000.00 634,000.00 554,000.00 580,000.00
   Other Operating Expenses 0 -1,035,000.00 -860,000.00 -600,000.00 -745,000.00
Operating Income 0 6,523,000.00 5,011,000.00 3,365,000.00 2,401,000.00
Net Non-Operating Income 0 5,282,000.00 4,271,000.00 2,374,000.00 -11,298,000.00
Interest Income 188,000.00 114,000.00 112,000.00 73,000.00 90,000.00
Interest Expense 14,000.00 14,000.00 13,000.00 40,000.00 57,000.00
Net Interest 174,000.00 100,000.00 99,000.00 33,000.00 33,000.00
EBT 12,993,000.00 11,805,000.00 9,282,000.00 5,739,000.00 -8,897,000.00
Income Tax 1,093,000.00 1,007,000.00 779,000.00 446,000.00 812,000.00
Net Income Including Non-Controlling Interests 4,343,000.00 4,131,000.00 3,390,000.00 1,834,000.00 -10,550,000.00
Net Income Non-Controlling Interests 118,000.00 72,000.00 51,000.00 47,000.00 32,000.00
Net Income 4,461,000.00 4,203,000.00 3,441,000.00 1,881,000.00 -10,518,000.00
EBIT 13,007,000.00 11,819,000.00 9,295,000.00 5,779,000.00 -8,840,000.00
Deprecation and Amortization 2,519,000.00 2,312,000.00 2,147,000.00 2,120,000.00 2,566,000.00
EBITDA 15,526,000.00 14,131,000.00 11,442,000.00 7,899,000.00 -6,274,000.00
EPS 0.00 0.00 0.00 0.00 -0.01
Diluted EPS 0.00 0.00 0.00 0.00 -0.01
Average Shares Outstanding Basic 1,421,000.00 1,425,000.00 1,416,000.00 1,400,000.00 1,390,000.00
Average Shares Outstanding Diluted 1,436,000.00 1,443,000.00 1,437,000.00 1,427,000.00 1,390,000.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 6,602,000.00 6,637,000.00 3,720,000.00 4,651,000.00 2,944,000.00
   Operating Net Income 4,579,000.00 4,275,000.00 3,492,000.00 1,928,000.00 -20,972,000.00
   Deprecation and Amortization 2,519,000.00 2,312,000.00 2,147,000.00 2,120,000.00 2,566,000.00
   Deferred Income Tax -41,000.00 28,000.00 -39,000.00 -31,000.00 -1,248,000.00
   Share Based Compensation 316,000.00 293,000.00 313,000.00 324,000.00 397,000.00
   Change in Working Capital -732,000.00 1,421,000.00 3,396,000.00 -405,000.00 -6,268,000.00
   Other Operating Activities -39,000.00 -1,692,000.00 -5,589,000.00 715,000.00 28,469,000.00
Investing Cash Flow -3,145,000.00 -2,783,000.00 -1,388,000.00 -919,000.00 -2,353,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 2,612,000.00 1,939,000.00 1,618,000.00 1,141,000.00 1,116,000.00
   Net Purchase/Sale of Investments Net -107,000.00 615,000.00 903,000.00 532,000.00 396,000.00
   Net Purchase/Sale of Business 553,000.00 242,000.00 58,000.00 103,000.00 467,000.00
   Other Investing Activities -6,203,000.00 -5,579,000.00 -3,967,000.00 -2,695,000.00 -4,332,000.00
Financing Cash Flow -2,772,000.00 -2,512,000.00 -2,382,000.00 -2,824,000.00 -873,000.00
   Net Issuance/Repayment of Debt 2,315,000.00 2,574,000.00 1,687,000.00 2,005,000.00 11,156,000.00
   Net Issuance/Repurchase of Equity 1,985,000.00 975,000.00 223,000.00 137,000.00 172,000.00
   Dividends Paid 1,533,000.00 1,317,000.00 848,000.00 699,000.00 1,734,000.00
   Other Financing Activities -8,605,000.00 -7,378,000.00 -5,140,000.00 -5,665,000.00 -13,935,000.00
Net Change in Cash 685,000.00 1,342,000.00 -50,000.00 908,000.00 -282,000.00
   Cash at Beginning of Period 2,859,000.00 1,558,000.00 1,705,000.00 0 0
   Cash at End of Period 3,544,000.00 2,900,000.00 1,655,000.00 0 0
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 79,540,000.00 70,060,000.00 49,002,000.00 70,958,000.00 49,775,000.00 49,373,000.00 47,856,000.00 69,658,000.00 45,813,000.00 44,826,000.00 43,855,000.00 62,936,000.00 44,093,000.00 42,827,000.00 41,967,000.00 58,467,000.00 41,038,000.00 40,908,000.00 42,036,000.00 59,891,000.00
   Current Assets 19,468,000.00 18,453,000.00 18,595,000.00 18,570,000.00 18,801,000.00 18,517,000.00 17,700,000.00 17,718,000.00 17,038,000.00 16,154,000.00 15,400,000.00 15,003,000.00 15,611,000.00 14,316,000.00 13,253,000.00 12,654,000.00 12,387,000.00 12,077,000.00 12,807,000.00 12,919,000.00
      Cash and Short-Term Investments 3,585,000.00 3,747,000.00 3,897,000.00 4,669,000.00 4,462,000.00 4,003,000.00 3,491,000.00 3,989,000.00 3,735,000.00 3,194,000.00 2,504,000.00 2,894,000.00 3,609,000.00 2,816,000.00 2,649,000.00 3,139,000.00 2,942,000.00 2,682,000.00 2,910,000.00 3,006,000.00
            Cash and Cash Equivalents 3,014,000.00 3,236,000.00 2,936,000.00 3,544,000.00 3,086,000.00 2,953,000.00 2,788,000.00 2,900,000.00 2,488,000.00 1,930,000.00 1,501,000.00 1,655,000.00 2,180,000.00 1,893,000.00 1,600,000.00 1,757,000.00 1,569,000.00 1,439,000.00 1,268,000.00 844,000.00
            Short-Term Investments 571,000.00 511,000.00 961,000.00 1,125,000.00 1,376,000.00 1,050,000.00 703,000.00 1,089,000.00 1,247,000.00 1,264,000.00 1,003,000.00 1,239,000.00 1,429,000.00 923,000.00 1,049,000.00 1,382,000.00 1,373,000.00 1,243,000.00 1,642,000.00 2,162,000.00
      Net Receivables 9,101,000.00 8,586,000.00 8,604,000.00 8,011,000.00 8,260,000.00 8,605,000.00 8,222,000.00 7,812,000.00 8,049,000.00 7,675,000.00 7,578,000.00 7,032,000.00 6,650,000.00 6,247,000.00 5,713,000.00 5,315,000.00 5,349,000.00 5,347,000.00 5,269,000.00 5,247,000.00
      Inventory 5,321,000.00 4,740,000.00 4,650,000.00 4,375,000.00 4,573,000.00 4,504,000.00 4,549,000.00 4,387,000.00 4,305,000.00 4,360,000.00 4,286,000.00 3,999,000.00 4,143,000.00 3,968,000.00 3,719,000.00 3,272,000.00 3,296,000.00 3,267,000.00 3,303,000.00 3,354,000.00
      Other Current Assets 1,461,000.00 1,380,000.00 1,444,000.00 1,515,000.00 1,506,000.00 1,405,000.00 1,438,000.00 1,530,000.00 949,000.00 925,000.00 1,032,000.00 1,078,000.00 1,209,000.00 1,285,000.00 1,172,000.00 928,000.00 800,000.00 781,000.00 1,325,000.00 1,312,000.00
   Non-Current Assets 60,072,000.00 51,607,000.00 30,407,000.00 52,388,000.00 30,974,000.00 30,856,000.00 30,156,000.00 51,940,000.00 28,775,000.00 28,672,000.00 28,455,000.00 47,933,000.00 28,482,000.00 28,511,000.00 28,714,000.00 45,813,000.00 28,651,000.00 28,831,000.00 29,229,000.00 46,972,000.00
      Property, Plant, Equipment Net 7,999,000.00 7,399,000.00 7,399,000.00 7,359,000.00 7,360,000.00 7,335,000.00 7,253,000.00 7,240,000.00 6,875,000.00 6,804,000.00 6,691,000.00 6,607,000.00 6,407,000.00 6,386,000.00 6,354,000.00 7,029,000.00 6,375,000.00 6,473,000.00 6,620,000.00 7,626,000.00
      Goodwill 17,007,000.00 14,658,000.00 14,637,000.00 30,152,000.00 14,559,000.00 14,530,000.00 14,086,000.00 29,134,000.00 13,111,000.00 13,117,000.00 13,113,000.00 12,982,000.00 12,990,000.00 13,009,000.00 12,978,000.00 12,990,000.00 12,990,000.00 12,987,000.00 12,978,000.00 12,980,000.00
      Intangible Assets 5,089,000.00 2,893,000.00 2,963,000.00 3,012,000.00 3,122,000.00 3,198,000.00 3,167,000.00 3,239,000.00 2,912,000.00 2,968,000.00 3,021,000.00 2,992,000.00 3,043,000.00 3,102,000.00 3,158,000.00 3,211,000.00 3,265,000.00 3,311,000.00 3,397,000.00 3,455,000.00
      Long-Term Investments 1,691,000.00 1,676,000.00 1,641,000.00 1,635,000.00 1,744,000.00 1,678,000.00 1,606,000.00 1,624,000.00 1,622,000.00 1,601,000.00 1,554,000.00 1,581,000.00 1,762,000.00 1,767,000.00 1,955,000.00 2,044,000.00 2,110,000.00 2,035,000.00 2,090,000.00 2,061,000.00
      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 28,286,000.00 24,981,000.00 3,767,000.00 10,230,000.00 4,189,000.00 4,115,000.00 4,044,000.00 10,703,000.00 4,255,000.00 4,182,000.00 4,076,000.00 23,771,000.00 4,280,000.00 4,247,000.00 4,269,000.00 20,539,000.00 3,911,000.00 4,025,000.00 4,144,000.00 20,850,000.00
Liabilities 28,171,000.00 27,218,000.00 28,254,000.00 26,585,000.00 27,047,000.00 27,093,000.00 25,933,000.00 26,598,000.00 26,106,000.00 25,892,000.00 25,475,000.00 25,146,000.00 26,582,000.00 26,202,000.00 26,328,000.00 26,225,000.00 27,373,000.00 27,849,000.00 29,064,000.00 29,945,000.00
   Current Liabilities 14,037,000.00 14,035,000.00 15,036,000.00 12,811,000.00 12,699,000.00 12,409,000.00 12,879,000.00 13,395,000.00 12,528,000.00 12,163,000.00 12,252,000.00 12,018,000.00 11,134,000.00 10,583,000.00 10,696,000.00 10,359,000.00 9,735,000.00 8,784,000.00 9,873,000.00 10,491,000.00
      Payables and Expenses 10,857,000.00 9,993,000.00 10,221,000.00 10,375,000.00 10,346,000.00 10,099,000.00 10,051,000.00 10,904,000.00 9,222,000.00 8,938,000.00 8,700,000.00 9,121,000.00 9,034,000.00 8,528,000.00 8,638,000.00 8,382,000.00 7,615,000.00 7,635,000.00 7,956,000.00 8,442,000.00
            Account Payables 443,000.00 402,000.00 404,000.00 403,000.00 406,000.00 410,000.00 411,000.00 374,000.00 373,000.00 373,000.00 374,000.00 263,000.00 263,000.00 270,000.00 195,000.00 189,000.00 188,000.00 189,000.00 185,000.00 184,000.00
            Current Accrued Liabilities 814,000.00 833,000.00 936,000.00 982,000.00 888,000.00 867,000.00 987,000.00 994,000.00 935,000.00 859,000.00 1,038,000.00 1,002,000.00 938,000.00 884,000.00 940,000.00 879,000.00 907,000.00 924,000.00 983,000.00 1,015,000.00
      Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Liabilities 3,180,000.00 4,042,000.00 4,815,000.00 2,436,000.00 2,353,000.00 2,310,000.00 2,828,000.00 2,491,000.00 3,306,000.00 3,225,000.00 3,552,000.00 2,897,000.00 2,100,000.00 2,055,000.00 2,058,000.00 1,977,000.00 2,120,000.00 1,149,000.00 1,917,000.00 2,049,000.00
   Non-Current Liabilities 14,134,000.00 13,183,000.00 13,218,000.00 13,774,000.00 14,348,000.00 14,684,000.00 13,054,000.00 13,203,000.00 13,578,000.00 13,729,000.00 13,223,000.00 13,128,000.00 15,448,000.00 15,619,000.00 15,632,000.00 15,866,000.00 17,638,000.00 19,065,000.00 19,191,000.00 19,454,000.00
      Long-Term Debt 10,843,000.00 10,891,000.00 10,527,000.00 11,023,000.00 11,864,000.00 12,156,000.00 10,740,000.00 10,842,000.00 11,147,000.00 11,342,000.00 10,698,000.00 10,594,000.00 12,452,000.00 12,946,000.00 13,163,000.00 13,286,000.00 14,370,000.00 15,687,000.00 15,834,000.00 16,036,000.00
      Other Non-Current Liabilities 3,291,000.00 2,292,000.00 2,691,000.00 2,751,000.00 2,484,000.00 2,528,000.00 2,314,000.00 2,361,000.00 2,431,000.00 2,387,000.00 2,525,000.00 2,534,000.00 2,996,000.00 2,673,000.00 2,469,000.00 2,580,000.00 3,268,000.00 3,378,000.00 3,357,000.00 3,418,000.00
Equity 51,369,000.00 42,842,000.00 20,748,000.00 44,373,000.00 22,728,000.00 22,280,000.00 21,923,000.00 43,060,000.00 19,707,000.00 18,934,000.00 18,380,000.00 37,790,000.00 17,511,000.00 16,625,000.00 15,639,000.00 32,242,000.00 13,665,000.00 13,059,000.00 12,972,000.00 29,946,000.00
   Shareholders Equity 25,635,000.00 20,302,000.00 19,515,000.00 21,130,000.00 21,511,000.00 21,071,000.00 20,736,000.00 20,189,000.00 19,386,000.00 18,608,000.00 18,068,000.00 17,685,000.00 17,199,000.00 16,325,000.00 15,347,000.00 15,004,000.00 13,362,000.00 12,762,000.00 12,543,000.00 12,071,000.00
      Capital Stock 16,338,000.00 11,354,000.00 10,827,000.00 11,458,000.00 11,408,000.00 11,401,000.00 11,344,000.00 11,624,000.00 11,182,000.00 11,270,000.00 11,264,000.00 11,837,000.00 11,867,000.00 11,981,000.00 11,957,000.00 12,608,000.00 12,571,000.00 12,730,000.00 12,663,000.00 12,970,000.00
      Share Premium 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Retained Earnings 17,746,000.00 17,433,000.00 16,804,000.00 16,395,000.00 15,687,000.00 14,890,000.00 14,172,000.00 13,497,000.00 12,742,000.00 11,974,000.00 11,296,000.00 10,719,000.00 9,904,000.00 9,244,000.00 8,532,000.00 8,199,000.00 7,775,000.00 7,399,000.00 7,142,000.00 7,018,000.00
      Treasury Shares 3,636,000.00 3,742,000.00 3,292,000.00 1,773,000.00 1,294,000.00 973,000.00 531,000.00 678,000.00 621,000.00 750,000.00 559,000.00 1,016,000.00 1,176,000.00 1,436,000.00 1,503,000.00 2,233,000.00 2,287,000.00 2,591,000.00 2,598,000.00 3,033,000.00
      Accumulated Other Comprehensive Income -4,813,000.00 -4,743,000.00 -4,824,000.00 -9,900,000.00 -4,290,000.00 -4,247,000.00 -4,249,000.00 -8,508,000.00 -3,917,000.00 -3,886,000.00 -3,933,000.00 -7,710,000.00 -3,396,000.00 -3,464,000.00 -3,639,000.00 -7,140,000.00 -4,697,000.00 -4,776,000.00 -4,664,000.00 -4,884,000.00
   Minority Interest 1,287,000.00 1,249,000.00 1,233,000.00 2,020,000.00 1,217,000.00 1,209,000.00 1,187,000.00 1,970,000.00 321,000.00 326,000.00 312,000.00 304,000.00 312,000.00 300,000.00 292,000.00 282,000.00 303,000.00 297,000.00 429,000.00 418,000.00
Investments 2,262,000.00 2,187,000.00 2,602,000.00 2,760,000.00 3,120,000.00 2,728,000.00 2,309,000.00 2,713,000.00 2,869,000.00 2,865,000.00 2,557,000.00 2,820,000.00 3,191,000.00 2,690,000.00 3,004,000.00 3,426,000.00 3,483,000.00 3,278,000.00 3,732,000.00 4,223,000.00
Debt 10,843,000.00 10,891,000.00 10,527,000.00 11,023,000.00 11,864,000.00 12,156,000.00 10,740,000.00 10,842,000.00 11,147,000.00 11,342,000.00 10,698,000.00 10,594,000.00 12,452,000.00 12,946,000.00 13,163,000.00 13,286,000.00 14,370,000.00 15,687,000.00 15,834,000.00 16,036,000.00
Net Debt 7,258,000.00 7,144,000.00 6,630,000.00 6,354,000.00 7,402,000.00 8,153,000.00 7,249,000.00 6,853,000.00 7,412,000.00 8,148,000.00 8,194,000.00 7,700,000.00 8,843,000.00 10,130,000.00 10,514,000.00 10,147,000.00 11,428,000.00 13,005,000.00 12,924,000.00 13,030,000.00
Common Shares Outstanding 1,493,923.64 1,351,248.82 1,360,161.65 1,400,850.42 1,412,154.30 1,419,841.23 1,429,337.72 1,427,394.84 1,423,420.64 1,421,186.02 1,425,330.90 1,420,188.49 1,417,993.77 1,414,388.26 1,413,460.71 1,403,381.69 1,402,632.59 1,398,433.01 1,398,332.46 1,392,325.96
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 25,963,000.00 17,035,000.00 8,490,000.00 -17,269,000.00 27,005,000.00 17,846,000.00 8,707,000.00 -14,581,000.00 24,145,000.00 15,835,000.00 7,736,000.00 -10,819,000.00 20,213,000.00 12,735,000.00 5,962,000.00 -9,855,000.00 16,704,000.00 10,857,000.00 5,223,000.00
Cost Of Revenue 21,185,000.00 13,815,000.00 6,884,000.00 -14,011,000.00 21,549,000.00 14,270,000.00 7,021,000.00 -11,878,000.00 19,378,000.00 12,787,000.00 6,285,000.00 -9,287,000.00 16,623,000.00 10,581,000.00 5,013,000.00 -8,642,000.00 14,135,000.00 9,274,000.00 4,504,000.00
Gross Profit 4,778,000.00 3,220,000.00 1,606,000.00 -3,258,000.00 5,456,000.00 3,576,000.00 1,686,000.00 -2,703,000.00 4,767,000.00 3,048,000.00 1,451,000.00 -1,532,000.00 3,590,000.00 2,154,000.00 949,000.00 -1,213,000.00 2,569,000.00 1,583,000.00 719,000.00
Operating Expenses 0 0 0 0 0 0 37,000.00 -208,000.00 112,000.00 76,000.00 60,000.00 -141,000.00 136,000.00 100,000.00 55,000.00 -64,000.00 190,000.00 112,000.00 55,000.00
   Selling, General and Administrative Expenses 256,000.00 184,000.00 96,000.00 -256,000.00 305,000.00 215,000.00 121,000.00 -182,000.00 268,000.00 187,000.00 91,000.00 -181,000.00 277,000.00 183,000.00 97,000.00 -123,000.00 231,000.00 150,000.00 81,000.00
   Research and Development Expenses 522,000.00 352,000.00 172,000.00 -359,000.00 557,000.00 369,000.00 182,000.00 -324,000.00 524,000.00 337,000.00 174,000.00 -258,000.00 456,000.00 295,000.00 141,000.00 -258,000.00 409,000.00 268,000.00 135,000.00
   Other Operating Expenses 0 0 0 0 0 0 -266,000.00 298,000.00 -680,000.00 -448,000.00 -205,000.00 298,000.00 -597,000.00 -378,000.00 -183,000.00 317,000.00 -450,000.00 -306,000.00 -161,000.00
Operating Income 0 0 0 0 0 0 1,649,000.00 -2,495,000.00 4,655,000.00 2,972,000.00 1,391,000.00 -1,391,000.00 3,454,000.00 2,054,000.00 894,000.00 -1,149,000.00 2,379,000.00 1,471,000.00 664,000.00
Net Non-Operating Income 0 0 0 0 0 0 -292,000.00 6,836,000.00 -806,000.00 -518,000.00 -230,000.00 4,427,000.00 -530,000.00 -264,000.00 638,000.00 -558,000.00 1,618,000.00 928,000.00 386,000.00
Interest Income 0 0 0 188,000.00 0 0 0 114,000.00 0 0 0 112,000.00 0 0 0 73,000.00 0 0 0
Interest Expense 13,000.00 6,000.00 3,000.00 -20,000.00 24,000.00 7,000.00 3,000.00 -6,000.00 10,000.00 7,000.00 3,000.00 -5,000.00 9,000.00 6,000.00 3,000.00 17,000.00 11,000.00 8,000.00 4,000.00
Net Interest 0 0 0 174,000.00 0 0 0 100,000.00 0 0 0 99,000.00 0 0 0 33,000.00 0 0 0
EBT 3,348,000.00 2,348,000.00 1,063,000.00 4,573,000.00 4,285,000.00 2,778,000.00 1,357,000.00 4,341,000.00 3,849,000.00 2,454,000.00 1,161,000.00 3,036,000.00 2,924,000.00 1,790,000.00 1,532,000.00 -1,707,000.00 3,997,000.00 2,399,000.00 1,050,000.00
Income Tax 697,000.00 471,000.00 234,000.00 -525,000.00 824,000.00 535,000.00 259,000.00 -396,000.00 722,000.00 464,000.00 217,000.00 -153,000.00 514,000.00 300,000.00 118,000.00 -102,000.00 301,000.00 173,000.00 74,000.00
Net Income Including Non-Controlling Interests 2,449,000.00 1,745,000.00 765,000.00 -2,083,000.00 3,271,000.00 2,117,000.00 1,038,000.00 -1,792,000.00 3,055,000.00 1,944,000.00 924,000.00 -902,000.00 2,344,000.00 1,448,000.00 500,000.00 -400,000.00 1,243,000.00 705,000.00 286,000.00
Net Income Non-Controlling Interests 101,000.00 66,000.00 32,000.00 -70,000.00 95,000.00 63,000.00 30,000.00 3,000.00 36,000.00 23,000.00 10,000.00 -13,000.00 33,000.00 21,000.00 10,000.00 -28,000.00 37,000.00 25,000.00 13,000.00
Net Income 2,550,000.00 1,811,000.00 797,000.00 -2,153,000.00 3,366,000.00 2,180,000.00 1,068,000.00 -1,789,000.00 3,091,000.00 1,967,000.00 934,000.00 -915,000.00 2,377,000.00 1,469,000.00 510,000.00 -428,000.00 1,280,000.00 730,000.00 299,000.00
EBIT 3,361,000.00 2,354,000.00 1,066,000.00 4,553,000.00 4,309,000.00 2,785,000.00 1,360,000.00 4,335,000.00 3,859,000.00 2,461,000.00 1,164,000.00 3,031,000.00 2,933,000.00 1,796,000.00 1,535,000.00 -1,690,000.00 4,008,000.00 2,407,000.00 1,054,000.00
Deprecation and Amortization 1,911,000.00 1,273,000.00 1,164,000.00 -1,183,000.00 1,871,000.00 1,231,000.00 600,000.00 -1,078,000.00 1,703,000.00 1,124,000.00 563,000.00 -1,049,000.00 1,598,000.00 1,065,000.00 533,000.00 -1,058,000.00 1,588,000.00 1,058,000.00 532,000.00
EBITDA 5,272,000.00 3,627,000.00 2,230,000.00 3,370,000.00 6,180,000.00 4,016,000.00 1,960,000.00 3,257,000.00 5,562,000.00 3,585,000.00 1,727,000.00 1,982,000.00 4,531,000.00 2,861,000.00 2,068,000.00 -2,748,000.00 5,596,000.00 3,465,000.00 1,586,000.00
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 1,396,000.00 1,359,000.00 1,366,000.00 1,399,000.00 1,425,000.00 1,429,000.00 1,431,000.00 1,425,000.00 1,424,000.00 1,425,000.00 1,426,000.00 1,425,000.00 1,414,000.00 1,413,000.00 1,412,000.00 1,405,000.00 1,399,000.00 1,398,000.00 1,398,000.00
Average Shares Outstanding Diluted 1,414,000.00 1,373,000.00 1,380,000.00 1,411,000.00 1,441,000.00 1,445,000.00 1,447,000.00 1,440,000.00 1,442,000.00 1,444,000.00 1,446,000.00 1,443,000.00 1,436,000.00 1,435,000.00 1,434,000.00 1,447,000.00 1,422,000.00 1,420,000.00 1,419,000.00
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 3,484,000.00 1,802,000.00 660,000.00 300,000.00 4,212,000.00 1,763,000.00 327,000.00 754,000.00 3,615,000.00 1,938,000.00 330,000.00 944,000.00 2,106,000.00 539,000.00 131,000.00 -146,000.00 2,719,000.00 1,649,000.00 429,000.00
   Operating Net Income 2,651,000.00 1,877,000.00 829,000.00 -2,223,000.00 3,461,000.00 2,243,000.00 1,098,000.00 -1,786,000.00 3,127,000.00 1,990,000.00 944,000.00 -928,000.00 2,410,000.00 1,490,000.00 520,000.00 -456,000.00 1,317,000.00 755,000.00 312,000.00
   Deprecation and Amortization 1,911,000.00 1,273,000.00 1,164,000.00 -1,183,000.00 1,871,000.00 1,231,000.00 600,000.00 -1,078,000.00 1,703,000.00 1,124,000.00 563,000.00 -1,049,000.00 1,598,000.00 1,065,000.00 533,000.00 -1,058,000.00 1,588,000.00 1,058,000.00 532,000.00
   Deferred Income Tax -89,000.00 -60,000.00 -37,000.00 -14,000.00 32,000.00 -29,000.00 -30,000.00 -296,000.00 94,000.00 118,000.00 112,000.00 -39,000.00 3,000.00 11,000.00 -14,000.00 49,000.00 -33,000.00 -18,000.00 -29,000.00
   Share Based Compensation 257,000.00 168,000.00 91,000.00 -201,000.00 244,000.00 173,000.00 100,000.00 -166,000.00 218,000.00 160,000.00 81,000.00 -172,000.00 236,000.00 160,000.00 89,000.00 -145,000.00 229,000.00 156,000.00 84,000.00
   Change in Working Capital 73,000.00 37,000.00 245,000.00 588,000.00 -486,000.00 -422,000.00 -412,000.00 -93,000.00 995,000.00 291,000.00 228,000.00 -2,235,000.00 2,766,000.00 1,678,000.00 1,187,000.00 2,610,000.00 -1,225,000.00 -1,269,000.00 -521,000.00
   Other Operating Activities -1,319,000.00 -1,493,000.00 -1,632,000.00 3,333,000.00 -910,000.00 -1,433,000.00 -1,029,000.00 4,173,000.00 -2,522,000.00 -1,745,000.00 -1,598,000.00 5,367,000.00 -4,907,000.00 -3,865,000.00 -2,184,000.00 -1,146,000.00 843,000.00 967,000.00 51,000.00
Investing Cash Flow -142,000.00 -186,000.00 -432,000.00 1,318,000.00 -2,668,000.00 -1,644,000.00 -151,000.00 1,557,000.00 -2,263,000.00 -1,530,000.00 -547,000.00 -124,000.00 -1,116,000.00 -33,000.00 -115,000.00 -963,000.00 -393,000.00 226,000.00 211,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 1,346,000.00 852,000.00 449,000.00 29,000.00 1,322,000.00 862,000.00 399,000.00 -697,000.00 1,345,000.00 881,000.00 410,000.00 -396,000.00 1,046,000.00 664,000.00 304,000.00 -152,000.00 694,000.00 421,000.00 178,000.00
   Net Purchase/Sale of Investments Net 304,000.00 214,000.00 111,000.00 -767,000.00 341,000.00 233,000.00 86,000.00 -658,000.00 642,000.00 417,000.00 214,000.00 -201,000.00 526,000.00 387,000.00 191,000.00 -140,000.00 334,000.00 227,000.00 111,000.00
   Net Purchase/Sale of Business 961,000.00 363,000.00 37,000.00 -531,000.00 552,000.00 505,000.00 27,000.00 -544,000.00 280,000.00 262,000.00 244,000.00 5,000.00 45,000.00 8,000.00 0 -79,000.00 134,000.00 35,000.00 13,000.00
   Other Investing Activities -2,753,000.00 -1,615,000.00 -1,029,000.00 2,587,000.00 -4,883,000.00 -3,244,000.00 -663,000.00 3,456,000.00 -4,530,000.00 -3,090,000.00 -1,415,000.00 468,000.00 -2,733,000.00 -1,092,000.00 -610,000.00 -592,000.00 -1,555,000.00 -457,000.00 -91,000.00
Financing Cash Flow -3,921,000.00 -1,989,000.00 -878,000.00 -1,118,000.00 -1,341,000.00 -46,000.00 -267,000.00 -1,950,000.00 -503,000.00 -121,000.00 62,000.00 -1,316,000.00 -538,000.00 -358,000.00 -170,000.00 274,000.00 -1,604,000.00 -1,282,000.00 -212,000.00
   Net Issuance/Repayment of Debt 1,789,000.00 1,053,000.00 1,778,000.00 -2,026,000.00 1,749,000.00 2,256,000.00 336,000.00 172,000.00 949,000.00 944,000.00 509,000.00 1,695,000.00 -13,000.00 -11,000.00 16,000.00 20,000.00 1,016,000.00 838,000.00 131,000.00
   Net Issuance/Repurchase of Equity 2,644,000.00 2,413,000.00 2,413,000.00 -735,000.00 1,480,000.00 855,000.00 385,000.00 -813,000.00 870,000.00 567,000.00 351,000.00 -112,000.00 171,000.00 93,000.00 71,000.00 -124,000.00 137,000.00 62,000.00 62,000.00
   Dividends Paid 1,176,000.00 773,000.00 386,000.00 -719,000.00 1,144,000.00 751,000.00 357,000.00 -498,000.00 961,000.00 605,000.00 249,000.00 -279,000.00 600,000.00 352,000.00 175,000.00 -348,000.00 524,000.00 349,000.00 174,000.00
   Other Financing Activities -9,530,000.00 -6,228,000.00 -5,455,000.00 2,362,000.00 -5,714,000.00 -3,908,000.00 -1,345,000.00 -811,000.00 -3,283,000.00 -2,237,000.00 -1,047,000.00 -2,620,000.00 -1,296,000.00 -792,000.00 -432,000.00 726,000.00 -3,281,000.00 -2,531,000.00 -579,000.00
Net Change in Cash -579,000.00 -373,000.00 -650,000.00 500,000.00 203,000.00 73,000.00 -91,000.00 361,000.00 849,000.00 287,000.00 -155,000.00 -496,000.00 452,000.00 148,000.00 -154,000.00 -835,000.00 722,000.00 593,000.00 428,000.00
   Cash at Beginning of Period 3,593,000.00 3,609,000.00 3,586,000.00 3,044,000.00 2,883,000.00 2,880,000.00 2,879,000.00 2,539,000.00 1,639,000.00 1,643,000.00 1,656,000.00 2,151,000.00 1,728,000.00 1,745,000.00 0 0.00 0 0 0
   Cash at End of Period 3,014,000.00 3,236,000.00 2,936,000.00 3,544,000.00 3,086,000.00 2,953,000.00 2,788,000.00 2,900,000.00 2,488,000.00 1,930,000.00 1,501,000.00 1,655,000.00 2,180,000.00 1,893,000.00 0 0 0 0 0
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0