Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -1.71 -3.05 -13.25 261.94 134.35
Price to Sales 0.52 0.86 1.14 2.94 2.51
Book Value Per Common Share -25.96 2.72 8.94 10.71 9.87
Price to Book -0.66 9.94 3.80 7.83 7.49
Price to Operating Cash Flow -8.12 -37.14 18.38 30.16 21.69
Price to Free Cash Flow
Enterprise Value to EBITDA 543339.50 2309411.30 97478.85 180581.75 157326.75
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 -3.81 -7.06 -12.32 -3.40 -4.69 -7.67 -3.04 -5.99 -10.99 -28.56 -78.09 -243.93 157.90 217.08 387.50
Price to Sales 0.70 1.13 1.97 0.85 1.19 2.32 0.88 1.81 2.61 1.66 2.92 9.06 3.79 5.85 11.61
Book Value Per Common Share -25.98 -21.99 -19.62 -25.96 -9.66 -6.04 -2.92 2.72 2.76 4.72 7.35 8.94 9.78 10.54 10.69 10.71 10.58 10.39 10.11 9.87
Price to Book -0.71 -0.90 -0.86 -0.66 -2.16 -3.20 -6.36 9.94 7.39 5.87 2.64 3.80 3.82 4.22 6.39 7.83 7.46 7.73 7.67 7.49
Price to Operating Cash Flow -65.08 -46.47 -16.55 -15.31 -20.35 -35.71 -16.08 -43.90 -40.03 23.73 26.63 135.84 44.01 48.48 58.42
Price to Free Cash Flow
Enterprise Value to EBITDA 75851.49 95404.13 160353.24 139470.20 213143.21 1340133.98 1484818.22 124837.67 199401.23 634642.10 232408.64 346002.91 625449.81

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY -41.82
Revenue YoY 6.76 5.67 5.52 -2.21
EBITDA YoY 172.63 -96.61 -24.54 0.09
Net Profit YoY -41.75
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 35.14 85.00
Revenue YoY 51.05 104.07 52.18 102.25 52.58 105.65 47.54 102.45 51.99 105.95
EBITDA YoY 18.67 96.79 65.67 556.21 -89.26 34.52 107.54 46.77 88.07
Net Profit YoY 34.76 84.09

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 5.88 9.18 2.18 0.85 0.78
Quick Ratio 0.43 0.61 0.22 0.14 0.15
Current Ratio 1.03 1.21 0.90 0.85 0.87
Debt to Equity -3.69 28.98 5.88 3.69 3.32
Long-Term Debt to Equity -2.99 22.19 3.93 2.18 1.76
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 4.89 4.71 3.45 5.86 6.87 3.59 6.10 9.15 10.20 13.66 1.09 2.17 2.83 0.61 0.58 0.85 0.52 0.68 0.78 0.78
Quick Ratio 0.42 0.38 0.32 0.43 0.47 0.28 0.41 0.61 0.72 0.88 0.19 0.22 0.24 0.05 0.12 0.14 0.12 0.13 0.14 0.15
Current Ratio 1.07 1.06 1.01 1.03 1.11 0.93 1.03 1.21 1.41 1.59 0.87 0.90 0.93 0.36 0.84 0.85 0.85 0.86 0.83 0.87
Debt to Equity -3.55 -4.05 -4.43 -3.69 -8.53 -12.46 -25.47 28.98 26.09 15.50 7.56 5.88 5.12 4.24 3.90 3.69 3.36 3.36 3.32 3.32
Long-Term Debt to Equity -2.88 -3.23 -3.54 -2.99 -6.65 -9.38 -18.94 22.19 19.82 11.70 5.15 3.93 3.35 0.51 2.31 2.18 1.87 1.82 1.72 1.76

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -10.83 -4.15 0.62 1.28
ROE -324.72 -28.52 2.92 5.52
Gross Margin 22.92 19.65 24.37 25.73 27.47
Operating Margin -13.10 -16.74 -4.15 3.91 4.62
EBITDA Margin 0.96 0.38 11.72 16.39 16.02
Net Profit Margin -28.35 -8.59 1.11 1.86
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 -7.31 -4.15 -2.04 -5.94 -2.80 -2.19 -1.03 -0.54 1.08 0.82 0.46
ROE 18.67 12.64 6.99 -97.94 -23.96 -13.38 -5.41 -2.63 4.71 3.57 2.00
Gross Margin 23.94 23.64 24.87 22.78 22.12 20.94 19.35 19.40 17.48 25.28 26.34 26.14 24.21 24.45 24.63
Operating Margin -1.46 0.97 1.23 -7.95 -9.04 -13.53 -19.52 -22.01 -16.06 -1.97 -0.07 -0.18 4.10 4.70 5.88
EBITDA Margin 9.31 11.84 12.28 6.11 5.62 1.73 -2.49 -4.81 1.76 13.35 14.64 14.28 16.38 16.96 18.58
Net Profit Margin -18.44 -15.94 -16.00 -30.26 -23.73 -5.83 -3.74 -3.72 2.40 2.71 3.03

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 767,771.00 888,290.00 664,747.00 539,596.00 451,903.00
   Current Assets 205,382.00 242,757.00 169,920.00 147,004.00 141,200.00
      Cash and Short-Term Investments 64,537.00 99,738.00 23,500.00 9,105.00 8,311.00
            Cash and Cash Equivalents 64,537.00 99,738.00 23,500.00 9,105.00 8,311.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 20,878.00 22,206.00 18,404.00 14,579.00 15,540.00
      Inventory 3,975.00 6,786.00 7,284.00 3,277.00 1,875.00
      Other Current Assets 115,992.00 114,027.00 120,732.00 120,043.00 115,474.00
   Non-Current Assets 562,389.00 645,533.00 494,827.00 392,592.00 310,703.00
      Property, Plant, Equipment Net 366,689.00 367,111.00 301,984.00 190,177.00 128,768.00
      Goodwill 391,220.00 391,220.00 391,220.00 391,220.00 340,308.00
      Intangible Assets 49,569.00 59,027.00 39,790.00 50,409.00 47,444.00
      Long-Term Investments 2,012.00 2,012.00 2,012.00 2,012.00 0
      Non-Current Deferred Assets 5,086.00 5,132.00 0 22.00 226.00
      Other Non-Current Assets -252,187.00 -178,969.00 -240,179.00 -241,248.00 -206,043.00
Liabilities 1,053,671.00 858,665.00 568,090.00 424,504.00 347,205.00
   Current Liabilities 199,851.00 201,341.00 188,189.00 173,683.00 162,965.00
      Payables and Expenses 40,499.00 49,873.00 42,072.00 25,358.00 17,427.00
            Account Payables 9,009.00 12,823.00 17,171.00 10,016.00 6,329.00
            Current Accrued Liabilities 31,490.00 37,050.00 24,901.00 15,342.00 11,098.00
      Short-Term Debt 5,150.00 5,397.00 4,642.00 3,150.00 1,761.00
      Other Current Liabilities 154,202.00 146,071.00 141,475.00 145,175.00 143,777.00
   Non-Current Liabilities 853,820.00 657,324.00 379,901.00 250,821.00 184,240.00
      Long-Term Debt 795,617.00 674,399.00 251,368.00 202,601.00 130,912.00
      Other Non-Current Liabilities 58,203.00 -17,075.00 128,533.00 48,220.00 53,328.00
Equity -285,900.00 29,625.00 96,657.00 115,092.00 104,698.00
   Shareholders Equity -285,900.00 29,625.00 96,657.00 115,092.00 104,698.00
      Capital Stock 36,581.00 68,694.00 31,868.00 28,515.00 20,798.00
      Share Premium 19,241.00 35,307.00 8,106.00 2,764.00 1,458.00
      Retained Earnings -150,158.00 -85,979.00 55,899.00 83,470.00 80,106.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -964.00 1,728.00 784.00 343.00 2,336.00
   Minority Interest 0 0 0 0 0
Investments 2,012.00 2,012.00 2,012.00 2,012.00 222.00
Debt 800,767.00 679,796.00 256,010.00 205,751.00 132,673.00
Net Debt 736,230.00 580,058.00 232,510.00 196,646.00 124,362.00
Common Shares Outstanding 11,014.66 10,903.41 10,817.11 10,747.42 10,612.41
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 362,275.00 339,337.00 321,142.00 304,337.00 311,202.00
Cost Of Revenue 279,246.00 272,670.00 242,894.00 226,044.00 225,717.00
Gross Profit 83,029.00 66,667.00 78,248.00 78,293.00 85,485.00
Operating Expenses 148,042.00 130,319.00 109,910.00 86,066.00 78,568.00
   Selling, General and Administrative Expenses 261,438.00 101,212.00 84,782.00 61,841.00 54,542.00
   Research and Development Expenses 52,951.00 19,217.00 14,187.00 14,310.00 12,427.00
   Other Operating Expenses -166,347.00 9,890.00 10,941.00 9,915.00 11,599.00
Operating Income -65,013.00 -63,652.00 -31,662.00 -7,773.00 6,917.00
Net Non-Operating Income -36,861.00 -39,418.00 3,874.00 15,043.00 3,843.00
Interest Income 3,158.00 5,501.00 0 0 0
Interest Expense 54,433.00 46,256.00 14,456.00 4,617.00 3,611.00
Net Interest -51,275.00 -40,755.00 -14,456.00 -4,617.00 -3,611.00
EBT -101,874.00 -103,070.00 -27,788.00 7,270.00 10,760.00
Income Tax 9,728.00 15,002.00 217.00 3,906.00 4,985.00
Net Income 0 -96,197.00 -27,571.00 3,364.00 5,775.00
EBIT -47,441.00 -56,814.00 -13,332.00 11,887.00 14,371.00
Deprecation and Amortization 50,917.00 58,089.00 50,975.00 38,000.00 35,472.00
EBITDA 3,476.00 1,275.00 37,643.00 49,887.00 49,843.00
EPS -0.01 -0.01 -0.00 0.00 0.00
Diluted EPS 0 -0.01 -0.00 0.00 0.00
Average Shares Outstanding Basic 10,967.58 10,864.09 10,769.28 10,662.34 10,590.68
Average Shares Outstanding Diluted 10,967.58 10,864.09 10,769.28 10,817.47 10,692.28
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow -23,140.00 -7,897.00 19,876.00 29,637.00 36,081.00
   Operating Net Income -329,580.00 -288,591.00 -27,571.00 3,364.00 5,775.00
   Deprecation and Amortization 50,917.00 58,089.00 50,975.00 38,000.00 35,472.00
   Deferred Income Tax 1,609.00 -24,844.00 -6,981.00 -1,328.00 -3,939.00
   Share Based Compensation 12,309.00 14,169.00 7,599.00 4,592.00 3,718.00
   Change in Working Capital 8,822.00 2,286.00 16,666.00 11,422.00 6,202.00
   Other Operating Activities 232,783.00 230,994.00 -20,812.00 -26,413.00 -11,147.00
Investing Cash Flow -56,493.00 -92,583.00 -137,492.00 -101,978.00 -53,279.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 57,577.00 92,583.00 137,492.00 74,459.00 44,509.00
   Net Purchase/Sale of Investments Net 0 0 0 2,012.00 0
   Net Purchase/Sale of Business 0 0 0 26,527.00 8,770.00
   Other Investing Activities -114,070.00 -185,166.00 -274,984.00 -204,976.00 -106,558.00
Financing Cash Flow 48,476.00 185,116.00 132,007.00 73,135.00 5,116.00
   Net Issuance/Repayment of Debt 258,391.00 491,540.00 48,300.00 69,000.00 8,000.00
   Net Issuance/Repurchase of Equity 143.00 0 1,096.00 4,818.00 4,266.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities -210,058.00 -306,424.00 82,611.00 -683.00 -7,150.00
Net Change in Cash -31,157.00 84,636.00 14,391.00 794.00 -12,082.00
   Cash at Beginning of Period 104,395.00 20,342.00 9,105.00 8,311.00 20,393.00
   Cash at End of Period 73,238.00 104,978.00 23,496.00 9,105.00 8,311.00
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 735,491.00 742,182.00 741,907.00 767,771.00 799,027.00 758,211.00 780,272.00 888,290.00 813,891.00 843,305.00 681,669.00 664,747.00 645,467.00 594,709.00 563,379.00 539,596.00 493,198.00 483,532.00 464,103.00 451,903.00
   Current Assets 208,941.00 211,707.00 194,498.00 205,382.00 221,582.00 188,946.00 213,931.00 242,757.00 266,274.00 308,719.00 167,701.00 169,920.00 172,274.00 153,344.00 154,247.00 147,004.00 143,832.00 146,435.00 142,144.00 141,200.00
      Cash and Short-Term Investments 54,078.00 52,020.00 38,076.00 64,537.00 75,209.00 39,280.00 66,590.00 99,738.00 110,736.00 147,864.00 11,773.00 23,500.00 30,506.00 6,510.00 6,201.00 9,105.00 5,535.00 7,258.00 8,310.00 8,311.00
            Cash and Cash Equivalents 54,078.00 52,020.00 38,076.00 64,537.00 75,209.00 39,280.00 66,590.00 99,738.00 110,736.00 147,864.00 11,773.00 23,500.00 30,506.00 6,510.00 6,201.00 9,105.00 5,535.00 7,258.00 8,310.00 8,311.00
            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 27,981.00 24,224.00 24,120.00 20,878.00 18,892.00 17,965.00 19,683.00 22,206.00 24,189.00 23,512.00 24,173.00 18,404.00 14,718.00 13,526.00 16,391.00 14,579.00 14,822.00 14,811.00 15,868.00 15,540.00
      Inventory 4,022.00 3,444.00 3,904.00 3,975.00 4,812.00 5,544.00 6,095.00 6,786.00 7,788.00 7,800.00 6,539.00 7,284.00 5,888.00 4,796.00 3,558.00 3,277.00 3,111.00 2,836.00 2,317.00 1,875.00
      Other Current Assets 122,860.00 132,019.00 128,398.00 115,992.00 122,669.00 126,157.00 121,563.00 114,027.00 123,561.00 129,543.00 125,216.00 120,732.00 121,162.00 128,512.00 128,097.00 120,043.00 120,364.00 121,530.00 115,649.00 115,474.00
   Non-Current Assets 526,550.00 530,475.00 547,409.00 562,389.00 577,445.00 569,265.00 566,341.00 645,533.00 547,617.00 534,586.00 513,968.00 494,827.00 473,193.00 441,365.00 409,132.00 392,592.00 349,366.00 337,097.00 321,959.00 310,703.00
      Property, Plant, Equipment Net 342,373.00 346,282.00 361,589.00 366,689.00 389,483.00 383,130.00 378,901.00 367,111.00 356,543.00 341,008.00 325,982.00 301,984.00 274,861.00 244,655.00 209,592.00 190,177.00 171,374.00 156,728.00 141,739.00 128,768.00
      Goodwill 130,410.00 260,810.00 260,810.00 391,220.00 260,810.00 260,810.00 260,810.00 391,220.00 260,810.00 260,810.00 260,810.00 391,220.00 238,110.00 260,810.00 260,810.00 391,220.00 232,604.00 232,604.00 232,604.00 340,308.00
      Intangible Assets 20,978.00 21,887.00 23,550.00 49,569.00 25,968.00 26,700.00 27,899.00 59,027.00 32,101.00 34,692.00 37,084.00 39,790.00 41,996.00 44,838.00 47,659.00 50,409.00 40,413.00 42,695.00 44,978.00 47,444.00
      Long-Term Investments 2,012.00 2,012.00 2,012.00 2,012.00 2,012.00 2,012.00 2,012.00 2,012.00 2,012.00 2,012.00 2,012.00 2,012.00 2,012.00 2,012.00 2,012.00 2,012.00 2,012.00 2,012.00 0 0
      Non-Current Deferred Assets 0 0 0 5,086.00 0 0 0 5,132.00 3.00 5.00 8.00 0 14.00 17.00 20.00 22.00 153.00 168.00 188.00 226.00
      Other Non-Current Assets 30,777.00 -100,516.00 -100,552.00 -252,187.00 -100,828.00 -103,387.00 -103,281.00 -178,969.00 -103,852.00 -103,941.00 -111,928.00 -240,179.00 -83,800.00 -110,967.00 -110,961.00 -241,248.00 -97,190.00 -97,110.00 -97,550.00 -206,043.00
Liabilities 1,023,609.00 985,554.00 958,425.00 1,053,671.00 905,175.00 824,347.00 812,160.00 858,665.00 783,846.00 792,199.00 602,017.00 568,090.00 539,916.00 481,209.00 448,367.00 424,504.00 379,979.00 372,708.00 356,689.00 347,205.00
   Current Liabilities 194,549.00 200,624.00 192,974.00 199,851.00 198,872.00 204,191.00 208,194.00 201,341.00 188,375.00 194,127.00 192,120.00 188,189.00 185,949.00 423,801.00 182,844.00 173,683.00 168,383.00 170,697.00 172,053.00 162,965.00
      Payables and Expenses 32,117.00 35,772.00 28,880.00 40,499.00 40,762.00 45,626.00 50,846.00 49,873.00 35,613.00 40,114.00 41,186.00 42,072.00 37,376.00 46,280.00 30,761.00 25,358.00 21,498.00 21,453.00 21,011.00 17,427.00
            Account Payables 9,843.00 8,892.00 11,335.00 9,009.00 9,128.00 11,233.00 12,770.00 12,823.00 11,680.00 11,955.00 16,639.00 17,171.00 18,538.00 28,179.00 14,103.00 10,016.00 9,260.00 7,430.00 9,969.00 6,329.00
            Current Accrued Liabilities 22,274.00 26,880.00 17,545.00 31,490.00 31,634.00 34,393.00 38,076.00 37,050.00 23,933.00 28,159.00 24,547.00 24,901.00 18,838.00 18,101.00 16,658.00 15,342.00 12,238.00 14,023.00 11,042.00 11,098.00
      Short-Term Debt 5,456.00 5,080.00 5,050.00 5,150.00 5,551.00 5,462.00 5,518.00 5,397.00 5,284.00 5,087.00 5,040.00 4,642.00 4,591.00 230,456.00 3,463.00 3,150.00 2,588.00 2,270.00 1,982.00 1,761.00
      Other Current Liabilities 156,976.00 159,772.00 159,044.00 154,202.00 152,559.00 153,103.00 151,830.00 146,071.00 147,478.00 148,926.00 145,894.00 141,475.00 143,982.00 147,065.00 148,620.00 145,175.00 144,297.00 146,974.00 149,060.00 143,777.00
   Non-Current Liabilities 829,060.00 784,930.00 765,451.00 853,820.00 706,303.00 620,156.00 603,966.00 657,324.00 595,471.00 598,072.00 409,897.00 379,901.00 353,967.00 57,408.00 265,523.00 250,821.00 211,596.00 202,011.00 184,636.00 184,240.00
      Long-Term Debt 819,405.00 806,242.00 799,031.00 795,617.00 793,492.00 667,232.00 671,491.00 674,399.00 682,682.00 684,495.00 249,685.00 251,368.00 251,668.00 12,877.00 219,403.00 202,601.00 161,040.00 150,069.00 131,470.00 130,912.00
      Other Non-Current Liabilities 9,655.00 -21,312.00 -33,580.00 58,203.00 -87,189.00 -47,076.00 -67,525.00 -17,075.00 -87,211.00 -86,423.00 160,212.00 128,533.00 102,299.00 44,531.00 46,120.00 48,220.00 50,556.00 51,942.00 53,166.00 53,328.00
Equity -288,118.00 -243,372.00 -216,518.00 -285,900.00 -106,148.00 -66,136.00 -31,888.00 29,625.00 30,045.00 51,106.00 79,652.00 96,657.00 105,551.00 113,500.00 115,012.00 115,092.00 113,219.00 110,824.00 107,414.00 104,698.00
   Shareholders Equity -288,118.00 -243,372.00 -216,518.00 -285,900.00 -106,148.00 -66,136.00 -31,888.00 29,625.00 30,045.00 51,106.00 79,652.00 96,657.00 105,551.00 113,500.00 115,012.00 115,092.00 113,219.00 110,824.00 107,414.00 104,698.00
      Capital Stock 37,907.00 37,429.00 37,032.00 36,581.00 36,142.00 35,527.00 35,035.00 68,694.00 33,592.00 32,945.00 32,461.00 31,868.00 31,035.00 30,193.00 29,655.00 28,515.00 25,520.00 23,457.00 21,511.00 20,798.00
      Share Premium 22,412.00 21,451.00 20,364.00 19,241.00 17,930.00 16,662.00 15,370.00 35,307.00 13,237.00 11,509.00 9,759.00 8,106.00 5,448.00 4,484.00 3,530.00 2,764.00 2,550.00 2,208.00 1,778.00 1,458.00
      Retained Earnings -203,947.00 -180,928.00 -165,291.00 -150,158.00 -107,683.00 -85,386.00 -66,782.00 -85,979.00 -16,924.00 5,848.00 36,816.00 55,899.00 69,344.00 77,325.00 80,450.00 83,470.00 85,437.00 84,062.00 82,255.00 80,106.00
      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 -431.00 362.00 -364.00 -964.00 537.00 129.00 433.00 1,728.00 140.00 804.00 616.00 784.00 -276.00 1,498.00 1,377.00 343.00 -288.00 1,097.00 1,870.00 2,336.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 2,012.00 2,012.00 2,012.00 2,012.00 2,012.00 2,012.00 2,012.00 2,012.00 2,012.00 2,012.00 2,012.00 2,012.00 2,012.00 2,012.00 2,012.00 2,012.00 2,012.00 2,012.00 206.00 222.00
Debt 824,861.00 811,322.00 804,081.00 800,767.00 799,043.00 672,694.00 677,009.00 679,796.00 687,966.00 689,582.00 254,725.00 256,010.00 256,259.00 243,333.00 222,866.00 205,751.00 163,628.00 152,339.00 133,452.00 132,673.00
Net Debt 770,783.00 759,302.00 766,005.00 736,230.00 723,834.00 633,414.00 610,419.00 580,058.00 577,230.00 541,718.00 242,952.00 232,510.00 225,753.00 236,823.00 216,665.00 196,646.00 158,093.00 145,081.00 125,142.00 124,362.00
Common Shares Outstanding 11,089.66 11,065.64 11,034.95 11,014.66 10,985.24 10,957.27 10,928.62 10,903.41 10,879.14 0 10,831.43 10,817.11 10,790.63 10,768.75 10,762.58 10,747.42 10,696.78 10,665.51 10,624.42 10,612.41
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 291,630.00 193,072.00 94,609.00 -171,239.00 269,177.00 176,880.00 87,457.00 -158,880.00 252,379.00 165,408.00 80,430.00 -166,373.00 242,233.00 164,183.00 81,099.00 -134,367.00 221,861.00 145,968.00 70,875.00
Cost Of Revenue 221,808.00 147,431.00 71,078.00 -135,512.00 207,863.00 137,754.00 69,141.00 -130,547.00 203,533.00 133,315.00 66,369.00 -118,934.00 180,995.00 120,932.00 59,901.00 -105,799.00 168,145.00 110,276.00 53,422.00
Gross Profit 69,822.00 45,641.00 23,531.00 -35,727.00 61,314.00 39,126.00 18,316.00 -28,333.00 48,846.00 32,093.00 14,061.00 -47,439.00 61,238.00 43,251.00 21,198.00 -28,568.00 53,716.00 35,692.00 17,453.00
Operating Expenses 84,311.00 50,553.00 25,564.00 -47,512.00 96,477.00 64,242.00 34,835.00 -59,899.00 96,397.00 62,477.00 31,344.00 -48,570.00 79,900.00 52,534.00 26,046.00 -31,480.00 60,105.00 38,857.00 18,584.00
   Selling, General and Administrative Expenses 173,690.00 115,458.00 56,403.00 101,756.00 78,982.00 52,317.00 28,383.00 -45,429.00 74,726.00 48,032.00 23,883.00 -35,491.00 61,390.00 39,600.00 19,283.00 -22,084.00 42,811.00 27,850.00 13,264.00
   Research and Development Expenses 39,719.00 25,869.00 13,023.00 24,244.00 14,153.00 9,538.00 5,016.00 -9,208.00 14,214.00 9,396.00 4,815.00 -7,020.00 10,212.00 7,230.00 3,765.00 -5,168.00 10,044.00 6,302.00 3,132.00
   Other Operating Expenses -129,098.00 -90,774.00 -43,862.00 -173,512.00 3,342.00 2,387.00 1,436.00 -5,262.00 7,457.00 5,049.00 2,646.00 -6,059.00 8,298.00 5,704.00 2,998.00 -4,228.00 7,250.00 4,705.00 2,188.00
Operating Income -14,489.00 -4,912.00 -2,033.00 11,785.00 -35,163.00 -25,116.00 -16,519.00 31,566.00 -47,551.00 -30,384.00 -17,283.00 1,131.00 -18,662.00 -9,283.00 -4,848.00 2,912.00 -6,389.00 -3,165.00 -1,131.00
Net Non-Operating Income -32,413.00 -21,427.00 -10,934.00 14,462.00 -26,154.00 -16,978.00 -8,191.00 19,323.00 -30,829.00 -24,402.00 -3,510.00 -9,313.00 5,326.00 4,955.00 2,906.00 -9,790.00 12,385.00 8,085.00 4,363.00
Interest Income 1,501.00 975.00 515.00 -1,904.00 2,385.00 1,677.00 1,000.00 5,501.00 0 0 0 0 0 0 0 0 0 0 0
Interest Expense 42,636.00 28,209.00 14,128.00 -24,467.00 39,912.00 26,109.00 12,879.00 -9,125.00 29,120.00 18,381.00 7,880.00 -112.00 8,555.00 4,217.00 1,796.00 -1,366.00 3,108.00 1,939.00 936.00
Net Interest -41,135.00 -27,234.00 -13,613.00 22,563.00 -37,527.00 -24,432.00 -11,879.00 14,626.00 -29,120.00 -18,381.00 -7,880.00 112.00 -8,555.00 -4,217.00 -1,796.00 1,366.00 -3,108.00 -1,939.00 -936.00
EBT -46,902.00 -26,339.00 -12,967.00 26,247.00 -61,317.00 -42,094.00 -24,710.00 50,889.00 -78,380.00 -54,786.00 -20,793.00 -8,182.00 -13,336.00 -4,328.00 -1,942.00 -6,878.00 5,996.00 4,920.00 3,232.00
Income Tax 6,887.00 4,431.00 2,166.00 -1,108.00 6,068.00 2,994.00 1,774.00 3,000.00 5,557.00 4,735.00 1,710.00 -3,468.00 790.00 1,817.00 1,078.00 994.00 665.00 964.00 1,283.00
Net Income -53,789.00 -30,770.00 -15,133.00 0 0 0 0 -27,063.00 0 -50,051.00 -19,083.00 -4,280.00 -14,126.00 -6,145.00 -3,020.00 -8,072.00 5,331.00 3,956.00 2,149.00
EBIT -4,266.00 1,870.00 1,161.00 1,780.00 -21,405.00 -15,985.00 -11,831.00 41,764.00 -49,260.00 -36,405.00 -12,913.00 -8,294.00 -4,781.00 -111.00 -146.00 -8,244.00 9,104.00 6,859.00 4,168.00
Deprecation and Amortization 31,404.00 20,999.00 10,460.00 -26,212.00 37,864.00 25,920.00 13,345.00 -27,672.00 42,972.00 28,457.00 14,332.00 -22,023.00 37,119.00 24,150.00 11,729.00 -16,131.00 27,234.00 17,900.00 8,997.00
EBITDA 27,138.00 22,869.00 11,621.00 -24,432.00 16,459.00 9,935.00 1,514.00 14,092.00 -6,288.00 -7,948.00 1,419.00 -30,317.00 32,338.00 24,039.00 11,583.00 -24,375.00 36,338.00 24,759.00 13,165.00
EPS -0.00 -0.00 -0.00 0.00 -0.01 -0.00 -0.00 -0.00 -0.01 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 -0.00 0.00 0.00 0.00
Diluted EPS 0 0 0 0.00 0 0 0 0.00 0 0 -0.00 0.00 -0.00 -0.00 -0.00 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 11,053.73 11,046.53 11,032.09 11,053.85 10,953.78 10,939.10 10,923.60 10,976.34 10,852.08 10,821.61 10,806.32 10,797.01 10,766.66 10,758.69 10,754.76 10,762.00 10,643.80 10,625.75 10,617.81
Average Shares Outstanding Diluted 11,079.49 11,060.82 11,032.09 11,009.31 10,982.82 10,954.60 10,923.60 10,938.71 10,874.66 10,836.65 10,806.32 10,797.01 10,766.66 10,758.69 10,754.76 10,878.23 10,800.36 10,794.52 10,796.76
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 -3,151.00 -4,685.00 -11,251.00 7,874.00 -14,950.00 -10,386.00 -5,678.00 17,966.00 -13,774.00 -6,838.00 -5,251.00 -20,489.00 16,975.00 17,983.00 5,407.00 -21,148.00 19,095.00 17,604.00 14,086.00
   Operating Net Income -53,789.00 -30,770.00 -15,133.00 -51,666.00 -134,770.00 -90,176.00 -52,968.00 -73,811.00 -145,646.00 -50,051.00 -19,083.00 -4,280.00 -14,126.00 -6,145.00 -3,020.00 -8,072.00 5,331.00 3,956.00 2,149.00
   Deprecation and Amortization 31,404.00 20,999.00 10,460.00 -26,212.00 37,864.00 25,920.00 13,345.00 -27,672.00 42,972.00 28,457.00 14,332.00 -22,023.00 37,119.00 24,150.00 11,729.00 -16,131.00 27,234.00 17,900.00 8,997.00
   Deferred Income Tax -170.00 -422.00 -191.00 395.00 350.00 479.00 385.00 -6,630.00 -9,381.00 -6,123.00 -2,710.00 -1,159.00 -3,397.00 -1,739.00 -686.00 1,140.00 -1,368.00 -880.00 -220.00
   Share Based Compensation 4,278.00 2,890.00 1,505.00 1,478.00 5,383.00 3,575.00 1,873.00 1,019.00 6,606.00 4,298.00 2,246.00 -1,016.00 4,396.00 2,828.00 1,391.00 -2,018.00 3,357.00 2,231.00 1,022.00
   Change in Working Capital -4,471.00 6,136.00 97.00 9,441.00 -5,407.00 3,204.00 1,584.00 -31,453.00 5,364.00 15,557.00 12,818.00 -29,596.00 12,701.00 17,515.00 16,046.00 -31,286.00 13,779.00 18,032.00 10,897.00
   Other Operating Activities 19,597.00 -3,518.00 -7,989.00 74,438.00 81,630.00 46,612.00 30,103.00 156,513.00 86,311.00 1,024.00 -12,854.00 37,585.00 -19,718.00 -18,626.00 -20,053.00 35,219.00 -29,238.00 -23,635.00 -8,759.00
Investing Cash Flow 6,061.00 2,518.00 -4,471.00 33,667.00 -45,369.00 -30,375.00 -14,416.00 72,507.00 -77,891.00 -55,287.00 -31,912.00 39,251.00 -100,135.00 -53,459.00 -23,149.00 2,282.00 -52,328.00 -37,834.00 -14,098.00
   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 31,985.00 20,754.00 6,403.00 -32,583.00 45,369.00 30,375.00 14,416.00 -72,507.00 77,891.00 55,287.00 31,912.00 -39,251.00 100,135.00 53,459.00 23,149.00 -25,777.00 50,316.00 35,822.00 14,098.00
   Net Purchase/Sale of Investments Net 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -2,012.00 2,012.00 2,012.00 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 26,527.00 0 0 0
   Other Investing Activities -25,924.00 -18,236.00 -10,874.00 66,250.00 -90,738.00 -60,750.00 -28,832.00 145,014.00 -155,782.00 -110,574.00 -63,824.00 78,502.00 -200,270.00 -106,918.00 -46,298.00 3,544.00 -104,656.00 -75,668.00 -28,196.00
Financing Cash Flow -5,392.00 -2,469.00 -2,500.00 19,563.00 46,432.00 -12,019.00 -5,500.00 -229,134.00 190,586.00 198,224.00 25,440.00 -20,273.00 104,561.00 32,881.00 14,838.00 23,490.00 30,457.00 19,177.00 11.00
   Net Issuance/Repayment of Debt 0 0 0 195,400.00 62,991.00 0 0 -22,103.00 279,640.00 234,003.00 0 -52,200.00 48,300.00 35,700.00 16,500.00 23,000.00 28,000.00 18,000.00 0
   Net Issuance/Repurchase of Equity 31.00 31.00 0 143.00 0 0 0 0 0 0 0 -797.00 808.00 570.00 515.00 269.00 2,844.00 1,476.00 229.00
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -5,423.00 -2,500.00 -2,500.00 -175,980.00 -16,559.00 -12,019.00 -5,500.00 -207,031.00 -89,054.00 -35,779.00 25,440.00 32,724.00 55,453.00 -3,389.00 -2,177.00 221.00 -387.00 -299.00 -218.00
Net Change in Cash -2,482.00 -4,636.00 -18,222.00 61,104.00 -13,887.00 -52,780.00 -25,594.00 -138,661.00 98,921.00 136,099.00 -11,723.00 -1,511.00 21,401.00 -2,595.00 -2,904.00 4,624.00 -2,776.00 -1,053.00 -1.00
   Cash at Beginning of Period 73,238.00 73,238.00 73,238.00 12,134.00 104,978.00 104,978.00 104,978.00 243,639.00 23,496.00 23,496.00 23,496.00 25,007.00 9,105.00 9,105.00 9,105.00 4,481.00 8,311.00 8,311.00 8,311.00
   Cash at End of Period 70,756.00 68,602.00 55,016.00 73,238.00 91,091.00 52,198.00 79,384.00 104,978.00 122,417.00 159,595.00 11,773.00 23,496.00 30,506.00 6,510.00 6,201.00 9,105.00 5,535.00 7,258.00 8,310.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0