Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings
Price to Sales
Book Value Per Common Share 53.94 54.12 56.45 55.32 52.62
Price to Book
Price to Operating Cash Flow
Price to Free Cash Flow
Enterprise Value to EBITDA
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 3.16
Price to Sales 0.44
Book Value Per Common Share 54.07 54.20 53.73 53.94 55.17 53.68 52.73 54.12 55.68 55.70 55.55 56.45 56.12 55.85 55.83 55.32 54.78 54.07 53.24 52.62
Price to Book 0.46
Price to Operating Cash Flow 1.32
Price to Free Cash Flow
Enterprise Value to EBITDA 11489.30

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 38.18 239.13 -14.46 -9.70
Revenue YoY 3.62 -1.27 -0.68 17.14
EBITDA YoY 14.33 34.68 -12.05 13.68
Net Profit YoY 36.34 221.12 -14.35 -1.31
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 44.38 109.65 58.22 125.00 53.04 116.98 85.42 -15.79 36.60 104.00
Revenue YoY 52.26 101.18 51.22 100.91 49.58 97.78 48.91 97.92 49.42 100.97
EBITDA YoY 48.22 104.98 52.13 106.51 50.48 104.54 48.03 77.68 45.22 98.27
Net Profit YoY 43.95 109.11 57.73 123.21 51.48 114.48 1120.13 83.97 -15.15 36.16 104.82

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 4.63 4.33 3.61 5.32 9.08
Quick Ratio 0.77 0.72 0.60 0.66 0.84
Current Ratio 0.91 0.91 0.77 0.89 1.10
Debt to Equity 2.37 2.21 2.03 1.99 2.06
Long-Term Debt to Equity 2.04 1.89 1.68 1.65 1.73
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 2020-12-31
Cash Per Common Share 2.92 9.03 10.52 4.73 8.31 5.45 5.66 4.29 4.21 5.51 3.72 3.65 5.50 2.52 2.59 5.31 3.25 6.26 5.37 8.36
Quick Ratio 0.61 0.94 0.95 0.77 0.90 0.69 0.79 0.72 0.68 0.68 0.61 0.60 0.62 0.62 0.58 0.66 0.65 0.75 0.72 0.84
Current Ratio 0.89 1.21 1.16 0.91 1.08 0.84 0.94 0.91 0.86 0.82 0.79 0.77 0.81 0.85 0.81 0.89 0.87 0.94 0.96 1.10
Debt to Equity 2.59 2.48 2.51 2.37 2.28 2.33 2.32 2.21 2.22 2.20 2.14 2.03 2.04 1.99 2.01 1.99 1.95 2.03 2.06 2.06
Long-Term Debt to Equity 2.19 2.12 2.13 2.04 1.95 1.96 1.99 1.89 1.89 1.83 1.78 1.68 1.67 1.70 1.70 1.65 1.67 1.70 1.77 1.73

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 5.45 4.00 1.23 1.46 1.53
ROE 18.37 12.85 3.72 4.38 4.69
Gross Margin 40.37 61.57 54.50 54.31 58.67
Operating Margin 22.26 18.25 8.18 8.16 8.79
EBITDA Margin 38.14 34.56 25.34 28.61 29.48
Net Profit Margin 13.93 10.59 3.26 3.77 4.48
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 4.09 2.90 1.38 3.97 2.54 1.15 3.02 1.98 0.92 0.52 0.29 0.34 1.29 0.94 0.46
ROE 14.70 10.11 4.83 13.01 8.46 3.82 9.74 6.33 2.90 1.59 0.86 1.02 3.80 2.83 1.41
Gross Margin 42.46 42.33 41.60 64.94 64.85 63.83 62.49 62.26 61.04 53.57 52.69 51.92 55.92 56.00 56.85
Operating Margin 22.52 23.69 22.76 22.58 21.95 20.51 18.67 18.56 17.35 6.34 6.24 8.92 9.29 10.19 9.98
EBITDA Margin 37.76 38.79 38.07 39.00 38.76 37.71 35.02 34.82 33.66 23.86 24.00 26.74 30.38 31.26 31.68
Net Profit Margin 13.89 14.70 14.14 14.04 13.46 12.12 10.85 10.72 9.88 1.88 1.52 3.54 4.39 4.81 4.72

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 208,035,000.00 207,682,000.00 211,338,000.00 206,563,000.00 200,162,000.00
   Current Assets 18,404,000.00 19,015,000.00 19,067,000.00 20,891,000.00 23,885,000.00
      Cash and Short-Term Investments 5,409,000.00 5,135,000.00 4,507,000.00 6,631,000.00 10,385,000.00
            Cash and Cash Equivalents 5,409,000.00 5,135,000.00 4,507,000.00 6,631,000.00 10,385,000.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 10,127,000.00 9,887,000.00 10,220,000.00 8,915,000.00 7,831,000.00
      Inventory 1,607,000.00 1,678,000.00 1,884,000.00 2,567,000.00 2,527,000.00
      Other Current Assets 1,261,000.00 2,315,000.00 2,456,000.00 2,778,000.00 3,142,000.00
   Non-Current Assets 189,631,000.00 188,667,000.00 192,271,000.00 185,672,000.00 176,277,000.00
      Property, Plant, Equipment Net 63,931,000.00 67,682,000.00 71,070,000.00 68,221,000.00 74,015,000.00
      Goodwill 13,005,000.00 12,234,000.00 12,234,000.00 12,188,000.00 11,117,000.00
      Intangible Assets 2,512,000.00 2,618,000.00 3,508,000.00 4,733,000.00 5,298,000.00
      Long-Term Investments 2,561,000.00 2,210,000.00 2,827,000.00 2,829,000.00 2,031,000.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 107,622,000.00 103,923,000.00 102,632,000.00 97,701,000.00 83,816,000.00
Liabilities 146,294,000.00 142,967,000.00 141,682,000.00 137,461,000.00 134,818,000.00
   Current Liabilities 20,174,000.00 20,928,000.00 24,742,000.00 23,499,000.00 21,703,000.00
      Payables and Expenses 8,465,000.00 10,374,000.00 12,276,000.00 11,405,000.00 10,196,000.00
            Account Payables 4,242,000.00 5,573,000.00 7,213,000.00 6,499,000.00 5,564,000.00
            Current Accrued Liabilities 1,524,000.00 1,704,000.00 1,657,000.00 1,830,000.00 1,540,000.00
      Short-Term Debt 9,593,000.00 9,525,000.00 10,638,000.00 8,448,000.00 9,904,000.00
      Other Current Liabilities 2,116,000.00 1,029,000.00 1,828,000.00 3,646,000.00 1,603,000.00
   Non-Current Liabilities 126,120,000.00 122,039,000.00 116,940,000.00 113,962,000.00 113,115,000.00
      Long-Term Debt 178,446,000.00 174,320,000.00 97,272,000.00 94,349,000.00 89,993,000.00
      Other Non-Current Liabilities -52,326,000.00 -52,281,000.00 19,668,000.00 19,613,000.00 23,122,000.00
Equity 61,741,000.00 64,715,000.00 69,656,000.00 69,102,000.00 65,344,000.00
   Shareholders Equity 61,741,000.00 64,715,000.00 69,656,000.00 69,102,000.00 65,344,000.00
      Capital Stock 0 0 0 0 0
      Share Premium 68,798,000.00 67,705,000.00 73,941,000.00 73,292,000.00 72,772,000.00
      Retained Earnings 14,384,000.00 7,347,000.00 -223,000.00 -2,812,000.00 -5,836,000.00
      Treasury Shares 20,584,000.00 9,373,000.00 3,016,000.00 13,000.00 11,000.00
      Accumulated Other Comprehensive Income -1,817,000.00 -2,064,000.00 -2,346,000.00 -2,865,000.00 -1,581,000.00
   Minority Interest 0 0 0 0 0
Investments 2,561,000.00 2,210,000.00 2,827,000.00 2,829,000.00 2,031,000.00
Debt 188,039,000.00 183,845,000.00 107,910,000.00 102,797,000.00 99,897,000.00
Net Debt 182,630,000.00 178,710,000.00 103,403,000.00 96,166,000.00 89,512,000.00
Common Shares Outstanding 1,144,579.68 1,195,807.33 1,233,960.08 1,249,213.68 1,241,805.71
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 81,400,000.00 78,558,000.00 79,571,000.00 80,118,000.00 68,397,000.00
Cost Of Revenue 48,535,000.00 30,188,000.00 36,206,000.00 36,605,000.00 28,266,000.00
Interest Expense 3,411,000.00 3,335,000.00 3,364,000.00 3,189,000.00 2,483,000.00
Net Interest -3,411,000.00 -3,335,000.00 -3,364,000.00 0 0
Provisions for Credit Losses 1,192,000.00 898,000.00 1,026,000.00 452,000.00 602,000.00
Gross Profit 32,865,000.00 48,370,000.00 43,365,000.00 43,513,000.00 40,131,000.00
Operating Expenses 14,855,000.00 34,104,000.00 36,822,000.00 36,621,000.00 33,495,000.00
   Selling, General and Administrative Expenses 20,818,000.00 21,311,000.00 21,607,000.00 20,238,000.00 18,926,000.00
   Other Operating Expenses -5,963,000.00 12,793,000.00 15,215,000.00 16,383,000.00 14,569,000.00
Operating Income 18,010,000.00 14,266,000.00 6,543,000.00 6,892,000.00 6,636,000.00
Net Non-Operating Income -3,298,000.00 -3,267,000.00 -3,397,000.00 -3,541,000.00 -3,106,000.00
EBT 14,712,000.00 10,999,000.00 3,146,000.00 3,351,000.00 3,530,000.00
Income Tax 3,373,000.00 2,682,000.00 556,000.00 327,000.00 786,000.00
Net Income 11,339,000.00 8,317,000.00 2,590,000.00 3,024,000.00 3,064,000.00
EBIT 18,123,000.00 14,334,000.00 6,510,000.00 6,540,000.00 6,013,000.00
Deprecation and Amortization 12,919,000.00 12,818,000.00 13,651,000.00 16,383,000.00 14,151,000.00
EBITDA 31,042,000.00 27,152,000.00 20,161,000.00 22,923,000.00 20,164,000.00
EPS 0.01 0.01 0.00 0.00 0.00
Diluted EPS 0.01 0.01 0.00 0.00 0.00
Average Shares Outstanding Basic 1,169,195.37 1,185,121.56 1,249,763.93 1,247,154.99 1,144,206.33
Average Shares Outstanding Diluted 1,173,213.90 1,200,286.26 1,255,376.77 1,254,769.93 1,154,749.43
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 22,293,000.00 18,559,000.00 16,781,000.00 13,917,000.00 8,640,000.00
   Operating Net Income 34,017,000.00 8,317,000.00 2,590,000.00 3,024,000.00 3,064,000.00
   Deprecation and Amortization 12,919,000.00 12,818,000.00 13,651,000.00 16,383,000.00 14,151,000.00
   Deferred Income Tax 3,120,000.00 2,600,000.00 492,000.00 197,000.00 1,531,000.00
   Share Based Compensation 649,000.00 667,000.00 1,191,000.00 540,000.00 694,000.00
   Change in Working Capital -2,707,000.00 -721,000.00 4,422,000.00 1,398,000.00 3,049,000.00
   Other Operating Activities -25,705,000.00 -5,122,000.00 -5,565,000.00 -7,625,000.00 -13,849,000.00
Investing Cash Flow -9,072,000.00 -5,829,000.00 -12,359,000.00 -19,386,000.00 -12,715,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 12,311,000.00 10,811,000.00 17,301,000.00 21,692,000.00 12,367,000.00
   Net Purchase/Sale of Investments Net -33,000.00 -154,000.00 -149,000.00 -51,000.00 338,000.00
   Net Purchase/Sale of Business 373,000.00 0 52,000.00 1,916,000.00 6,224,000.00
   Other Investing Activities -21,723,000.00 -16,486,000.00 -29,563,000.00 -42,943,000.00 -31,644,000.00
Financing Cash Flow -12,815,000.00 -12,097,000.00 -6,451,000.00 1,709,000.00 13,010,000.00
   Net Issuance/Repayment of Debt 15,027,000.00 14,724,000.00 10,509,000.00 26,938,000.00 94,446,000.00
   Net Issuance/Repurchase of Equity 11,228,000.00 13,074,000.00 3,000,000.00 0 39,376,000.00
   Dividends Paid 8,300,000.00 747,000.00 0 0 0
   Other Financing Activities -47,370,000.00 -40,642,000.00 -19,960,000.00 -25,229,000.00 -120,812,000.00
Net Change in Cash 406,000.00 633,000.00 -2,029,000.00 -3,760,000.00 8,935,000.00
   Cash at Beginning of Period 5,307,000.00 4,674,000.00 6,703,000.00 10,463,000.00 1,528,000.00
   Cash at End of Period 5,713,000.00 5,307,000.00 4,674,000.00 6,703,000.00 10,463,000.00
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 217,180,000.00 212,643,000.00 214,633,000.00 208,035,000.00 210,742,000.00 208,557,000.00 206,268,000.00 207,682,000.00 208,579,000.00 210,602,000.00 210,173,000.00 211,338,000.00 213,499,000.00 209,463,000.00 210,653,000.00 206,563,000.00 202,125,000.00 204,124,000.00 203,332,000.00 200,162,000.00
   Current Assets 21,703,000.00 26,772,000.00 27,441,000.00 18,404,000.00 22,531,000.00 19,297,000.00 19,295,000.00 19,015,000.00 18,669,000.00 20,237,000.00 18,876,000.00 19,067,000.00 21,427,000.00 17,476,000.00 17,455,000.00 20,891,000.00 16,772,000.00 20,570,000.00 18,779,000.00 23,885,000.00
      Cash and Short-Term Investments 3,310,000.00 10,259,000.00 12,003,000.00 5,409,000.00 9,754,000.00 6,417,000.00 6,708,000.00 5,135,000.00 5,030,000.00 6,647,000.00 4,540,000.00 4,507,000.00 6,888,000.00 3,151,000.00 3,245,000.00 6,631,000.00 4,055,000.00 7,793,000.00 6,677,000.00 10,385,000.00
            Cash and Cash Equivalents 3,310,000.00 10,259,000.00 12,003,000.00 5,409,000.00 9,754,000.00 6,417,000.00 6,708,000.00 5,135,000.00 5,030,000.00 6,647,000.00 4,540,000.00 4,507,000.00 6,888,000.00 3,151,000.00 3,245,000.00 6,631,000.00 4,055,000.00 7,793,000.00 6,677,000.00 10,385,000.00
            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 11,493,000.00 10,459,000.00 10,400,000.00 10,127,000.00 9,099,000.00 9,506,000.00 9,435,000.00 9,887,000.00 9,737,000.00 10,142,000.00 10,098,000.00 10,220,000.00 9,372,000.00 9,595,000.00 9,077,000.00 8,915,000.00 8,415,000.00 8,592,000.00 7,433,000.00 7,831,000.00
      Inventory 2,370,000.00 1,690,000.00 1,937,000.00 1,607,000.00 1,789,000.00 1,319,000.00 1,521,000.00 1,678,000.00 1,685,000.00 1,373,000.00 1,741,000.00 1,884,000.00 2,247,000.00 2,243,000.00 2,715,000.00 2,567,000.00 1,762,000.00 1,707,000.00 2,209,000.00 2,527,000.00
      Other Current Assets 4,530,000.00 4,364,000.00 3,101,000.00 1,261,000.00 1,889,000.00 2,055,000.00 1,631,000.00 2,315,000.00 2,217,000.00 2,075,000.00 2,497,000.00 2,456,000.00 2,920,000.00 2,487,000.00 2,418,000.00 2,778,000.00 2,540,000.00 2,478,000.00 2,460,000.00 3,142,000.00
   Non-Current Assets 195,477,000.00 185,871,000.00 187,192,000.00 189,631,000.00 188,211,000.00 189,260,000.00 186,973,000.00 188,667,000.00 189,910,000.00 190,365,000.00 191,297,000.00 192,271,000.00 192,072,000.00 191,987,000.00 193,198,000.00 185,672,000.00 185,353,000.00 183,554,000.00 184,553,000.00 176,277,000.00
      Property, Plant, Equipment Net 64,788,000.00 62,216,000.00 62,922,000.00 63,931,000.00 63,436,000.00 64,462,000.00 66,052,000.00 67,682,000.00 68,648,000.00 69,695,000.00 70,199,000.00 71,070,000.00 70,298,000.00 70,355,000.00 71,455,000.00 68,221,000.00 66,801,000.00 67,263,000.00 68,342,000.00 74,015,000.00
      Goodwill 13,690,000.00 13,460,000.00 13,467,000.00 13,005,000.00 13,015,000.00 13,015,000.00 12,234,000.00 12,234,000.00 12,234,000.00 12,234,000.00 12,234,000.00 12,234,000.00 12,234,000.00 12,234,000.00 12,234,000.00 12,188,000.00 12,188,000.00 11,152,000.00 11,158,000.00 11,117,000.00
      Intangible Assets 4,117,000.00 2,438,000.00 2,618,000.00 2,512,000.00 2,762,000.00 2,978,000.00 2,445,000.00 2,618,000.00 2,824,000.00 3,032,000.00 3,245,000.00 3,508,000.00 3,763,000.00 4,140,000.00 4,448,000.00 4,733,000.00 5,047,000.00 4,600,000.00 4,892,000.00 5,298,000.00
      Long-Term Investments 2,911,000.00 2,419,000.00 2,637,000.00 2,561,000.00 2,031,000.00 2,109,000.00 2,284,000.00 2,210,000.00 2,030,000.00 2,116,000.00 2,455,000.00 2,827,000.00 2,514,000.00 2,605,000.00 2,837,000.00 2,829,000.00 2,280,000.00 2,284,000.00 2,221,000.00 2,031,000.00
      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 109,971,000.00 105,338,000.00 105,548,000.00 107,622,000.00 106,967,000.00 106,696,000.00 103,958,000.00 103,923,000.00 104,174,000.00 103,288,000.00 103,164,000.00 102,632,000.00 103,263,000.00 102,653,000.00 102,224,000.00 97,701,000.00 99,037,000.00 98,255,000.00 97,940,000.00 83,816,000.00
Liabilities 156,703,000.00 151,536,000.00 153,528,000.00 146,294,000.00 146,492,000.00 145,921,000.00 144,194,000.00 142,967,000.00 143,881,000.00 144,852,000.00 143,248,000.00 141,682,000.00 143,349,000.00 139,429,000.00 140,677,000.00 137,461,000.00 133,698,000.00 136,654,000.00 136,955,000.00 134,818,000.00
   Current Liabilities 24,301,000.00 22,102,000.00 23,629,000.00 20,174,000.00 20,955,000.00 23,038,000.00 20,563,000.00 20,928,000.00 21,711,000.00 24,569,000.00 23,846,000.00 24,742,000.00 26,362,000.00 20,622,000.00 21,423,000.00 23,499,000.00 19,247,000.00 21,837,000.00 19,495,000.00 21,703,000.00
      Payables and Expenses 9,196,000.00 7,804,000.00 7,904,000.00 8,465,000.00 7,498,000.00 7,593,000.00 7,722,000.00 10,374,000.00 9,666,000.00 9,873,000.00 11,092,000.00 12,276,000.00 11,971,000.00 11,182,000.00 11,134,000.00 11,405,000.00 8,735,000.00 8,411,000.00 8,712,000.00 10,196,000.00
            Account Payables 4,712,000.00 4,144,000.00 4,015,000.00 4,242,000.00 3,050,000.00 3,290,000.00 3,345,000.00 5,573,000.00 4,603,000.00 5,465,000.00 6,429,000.00 7,213,000.00 6,822,000.00 6,292,000.00 6,739,000.00 6,499,000.00 4,101,000.00 3,855,000.00 4,559,000.00 5,564,000.00
            Current Accrued Liabilities 1,534,000.00 1,397,000.00 1,643,000.00 1,524,000.00 1,676,000.00 1,638,000.00 1,694,000.00 1,704,000.00 1,797,000.00 1,678,000.00 1,630,000.00 1,657,000.00 1,756,000.00 1,580,000.00 1,764,000.00 1,830,000.00 1,606,000.00 1,589,000.00 1,540,000.00 1,540,000.00
      Short-Term Debt 11,404,000.00 11,339,000.00 13,082,000.00 9,593,000.00 11,138,000.00 10,902,000.00 10,477,000.00 9,525,000.00 8,268,000.00 12,240,000.00 9,836,000.00 10,638,000.00 12,004,000.00 7,510,000.00 7,238,000.00 8,448,000.00 6,327,000.00 9,270,000.00 8,934,000.00 9,904,000.00
      Other Current Liabilities 3,701,000.00 2,959,000.00 2,643,000.00 2,116,000.00 2,319,000.00 4,543,000.00 2,364,000.00 1,029,000.00 3,777,000.00 2,456,000.00 2,918,000.00 1,828,000.00 2,387,000.00 1,930,000.00 3,051,000.00 3,646,000.00 4,185,000.00 4,156,000.00 1,849,000.00 1,603,000.00
   Non-Current Liabilities 132,402,000.00 129,434,000.00 129,899,000.00 126,120,000.00 125,537,000.00 122,883,000.00 123,631,000.00 122,039,000.00 122,170,000.00 120,283,000.00 119,402,000.00 116,940,000.00 116,987,000.00 118,807,000.00 119,254,000.00 113,962,000.00 114,451,000.00 114,817,000.00 117,460,000.00 113,115,000.00
      Long-Term Debt 183,823,000.00 179,624,000.00 182,079,000.00 178,446,000.00 175,087,000.00 170,973,000.00 174,041,000.00 174,320,000.00 172,923,000.00 169,841,000.00 167,480,000.00 97,272,000.00 161,529,000.00 165,617,000.00 166,356,000.00 94,349,000.00 161,156,000.00 159,685,000.00 160,708,000.00 89,993,000.00
      Other Non-Current Liabilities -51,421,000.00 -50,190,000.00 -52,180,000.00 -52,326,000.00 -49,550,000.00 -48,090,000.00 -50,410,000.00 -52,281,000.00 -50,753,000.00 -49,558,000.00 -48,078,000.00 19,668,000.00 -44,542,000.00 -46,810,000.00 -47,102,000.00 19,613,000.00 -46,705,000.00 -44,868,000.00 -43,248,000.00 23,122,000.00
Equity 60,477,000.00 61,107,000.00 61,105,000.00 61,741,000.00 64,250,000.00 62,636,000.00 62,074,000.00 64,715,000.00 64,698,000.00 65,750,000.00 66,925,000.00 69,656,000.00 70,150,000.00 70,034,000.00 69,976,000.00 69,102,000.00 68,427,000.00 67,470,000.00 66,377,000.00 65,344,000.00
   Shareholders Equity 60,477,000.00 61,107,000.00 61,105,000.00 61,741,000.00 64,250,000.00 62,636,000.00 62,074,000.00 64,715,000.00 64,698,000.00 65,750,000.00 66,925,000.00 69,656,000.00 70,150,000.00 70,034,000.00 69,976,000.00 69,102,000.00 68,427,000.00 67,470,000.00 66,377,000.00 65,344,000.00
      Capital Stock 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Share Premium 69,267,000.00 69,008,000.00 68,837,000.00 68,798,000.00 68,659,000.00 68,463,000.00 67,786,000.00 67,705,000.00 74,404,000.00 74,161,000.00 74,043,000.00 73,941,000.00 73,797,000.00 73,552,000.00 73,420,000.00 73,292,000.00 73,152,000.00 72,919,000.00 72,839,000.00 72,772,000.00
      Retained Earnings 20,155,000.00 18,576,000.00 16,342,000.00 14,384,000.00 12,401,000.00 10,360,000.00 8,196,000.00 7,347,000.00 5,335,000.00 3,938,000.00 1,717,000.00 -223,000.00 -1,699,000.00 -2,207,000.00 -2,099,000.00 -2,812,000.00 -3,234,000.00 -3,925,000.00 -4,903,000.00 -5,836,000.00
      Treasury Shares 28,064,000.00 25,569,000.00 23,085,000.00 20,584,000.00 15,921,000.00 15,270,000.00 12,982,000.00 9,373,000.00 14,092,000.00 11,392,000.00 7,831,000.00 3,016,000.00 685,000.00 16,000.00 16,000.00 13,000.00 13,000.00 14,000.00 14,000.00 11,000.00
      Accumulated Other Comprehensive Income -1,701,000.00 -41,000.00 -1,903,000.00 -1,817,000.00 -1,889,000.00 -2,017,000.00 -2,026,000.00 -2,064,000.00 -2,149,000.00 -2,157,000.00 -2,304,000.00 -2,346,000.00 -2,563,000.00 -2,695,000.00 -2,729,000.00 -2,865,000.00 -2,978,000.00 -3,010,000.00 -3,145,000.00 -1,581,000.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 2,911,000.00 2,419,000.00 2,637,000.00 2,561,000.00 2,031,000.00 2,109,000.00 2,284,000.00 2,210,000.00 2,030,000.00 2,116,000.00 2,455,000.00 2,827,000.00 2,514,000.00 2,605,000.00 2,837,000.00 2,829,000.00 2,280,000.00 2,284,000.00 2,221,000.00 2,031,000.00
Debt 195,227,000.00 190,963,000.00 195,161,000.00 188,039,000.00 186,225,000.00 181,875,000.00 184,518,000.00 183,845,000.00 181,191,000.00 182,081,000.00 177,316,000.00 107,910,000.00 173,533,000.00 173,127,000.00 173,594,000.00 102,797,000.00 167,483,000.00 168,955,000.00 169,642,000.00 99,897,000.00
Net Debt 191,917,000.00 180,704,000.00 183,158,000.00 182,630,000.00 176,471,000.00 175,458,000.00 177,810,000.00 178,710,000.00 176,161,000.00 175,434,000.00 172,776,000.00 103,403,000.00 166,645,000.00 169,976,000.00 170,349,000.00 96,166,000.00 163,428,000.00 161,162,000.00 162,965,000.00 89,512,000.00
Common Shares Outstanding 1,118,506.24 1,127,450.62 1,137,339.58 1,144,579.68 1,164,613.92 1,166,772.89 1,177,240.11 1,195,807.33 1,161,979.71 1,180,398.75 1,204,696.32 1,233,960.08 1,250,104.43 1,254,010.07 1,253,352.70 1,249,213.68 1,249,035.06 1,247,920.54 1,246,773.18 1,241,805.71
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 63,975,000.00 42,018,000.00 20,886,000.00 -37,088,000.00 59,528,000.00 39,366,000.00 19,594,000.00 -37,982,000.00 58,080,000.00 38,828,000.00 19,632,000.00 -39,668,000.00 59,298,000.00 39,821,000.00 20,120,000.00 -38,683,000.00 59,333,000.00 39,709,000.00 19,759,000.00
Cost Of Revenue 36,812,000.00 24,233,000.00 12,198,000.00 6,741,000.00 20,868,000.00 13,839,000.00 7,087,000.00 -13,902,000.00 21,788,000.00 14,653,000.00 7,649,000.00 -19,843,000.00 27,535,000.00 18,841,000.00 9,673,000.00 -15,544,000.00 26,153,000.00 17,470,000.00 8,526,000.00
Interest Expense 2,762,000.00 1,838,000.00 916,000.00 -1,773,000.00 2,570,000.00 1,734,000.00 880,000.00 -1,682,000.00 2,486,000.00 1,696,000.00 835,000.00 -1,757,000.00 2,542,000.00 1,715,000.00 864,000.00 -1,607,000.00 2,392,000.00 1,612,000.00 792,000.00
Net Interest -2,762,000.00 -1,838,000.00 -916,000.00 1,773,000.00 -2,570,000.00 -1,734,000.00 -880,000.00 1,682,000.00 -2,486,000.00 -1,696,000.00 -835,000.00 1,757,000.00 -2,542,000.00 -1,715,000.00 -864,000.00 0 0 0 0
Provisions for Credit Losses 925,000.00 588,000.00 323,000.00 -463,000.00 836,000.00 537,000.00 282,000.00 -422,000.00 663,000.00 435,000.00 222,000.00 -465,000.00 760,000.00 521,000.00 210,000.00 -43,000.00 259,000.00 154,000.00 82,000.00
Gross Profit 27,163,000.00 17,785,000.00 8,688,000.00 -43,829,000.00 38,660,000.00 25,527,000.00 12,507,000.00 -24,080,000.00 36,292,000.00 24,175,000.00 11,983,000.00 -19,825,000.00 31,763,000.00 20,980,000.00 10,447,000.00 -23,139,000.00 33,180,000.00 22,239,000.00 11,233,000.00
Operating Expenses 12,620,000.00 7,772,000.00 3,888,000.00 -35,789,000.00 25,236,000.00 16,899,000.00 8,509,000.00 -16,973,000.00 25,506,000.00 16,985,000.00 8,586,000.00 -18,251,000.00 27,967,000.00 18,465,000.00 8,641,000.00 -17,818,000.00 27,351,000.00 17,994,000.00 9,094,000.00
   Selling, General and Administrative Expenses 16,900,000.00 10,885,000.00 5,488,000.00 -10,066,000.00 15,466,000.00 10,280,000.00 5,138,000.00 -10,842,000.00 16,031,000.00 10,697,000.00 5,425,000.00 -10,391,000.00 16,030,000.00 10,912,000.00 5,056,000.00 -9,035,000.00 14,840,000.00 9,628,000.00 4,805,000.00
   Other Operating Expenses -4,280,000.00 -3,113,000.00 -1,600,000.00 -25,723,000.00 9,770,000.00 6,619,000.00 3,371,000.00 -6,131,000.00 9,475,000.00 6,288,000.00 3,161,000.00 -7,860,000.00 11,937,000.00 7,553,000.00 3,585,000.00 -8,783,000.00 12,511,000.00 8,366,000.00 4,289,000.00
Operating Income 14,543,000.00 10,013,000.00 4,800,000.00 -8,040,000.00 13,424,000.00 8,628,000.00 3,998,000.00 -7,107,000.00 10,786,000.00 7,190,000.00 3,397,000.00 -1,574,000.00 3,796,000.00 2,515,000.00 1,806,000.00 -5,321,000.00 5,829,000.00 4,245,000.00 2,139,000.00
Net Non-Operating Income -2,897,000.00 -1,895,000.00 -962,000.00 1,835,000.00 -2,551,000.00 -1,722,000.00 -860,000.00 1,670,000.00 -2,430,000.00 -1,681,000.00 -826,000.00 1,802,000.00 -2,577,000.00 -1,747,000.00 -875,000.00 1,937,000.00 -2,707,000.00 -1,811,000.00 -960,000.00
EBT 11,646,000.00 8,118,000.00 3,838,000.00 -6,205,000.00 10,873,000.00 6,906,000.00 3,138,000.00 -5,437,000.00 8,356,000.00 5,509,000.00 2,571,000.00 228,000.00 1,219,000.00 768,000.00 931,000.00 -3,384,000.00 3,122,000.00 2,434,000.00 1,179,000.00
Income Tax 2,757,000.00 1,943,000.00 885,000.00 -1,513,000.00 2,515,000.00 1,607,000.00 764,000.00 -1,350,000.00 2,053,000.00 1,348,000.00 631,000.00 69,000.00 106,000.00 163,000.00 218,000.00 -962,000.00 520,000.00 523,000.00 246,000.00
Net Income 8,889,000.00 6,175,000.00 2,953,000.00 -4,692,000.00 8,358,000.00 5,299,000.00 2,374,000.00 -4,087,000.00 6,303,000.00 4,161,000.00 1,940,000.00 159,000.00 1,113,000.00 605,000.00 713,000.00 -2,422,000.00 2,602,000.00 1,911,000.00 933,000.00
EBIT 14,408,000.00 9,956,000.00 4,754,000.00 -7,978,000.00 13,443,000.00 8,640,000.00 4,018,000.00 -7,119,000.00 10,842,000.00 7,205,000.00 3,406,000.00 -1,529,000.00 3,761,000.00 2,483,000.00 1,795,000.00 -4,991,000.00 5,514,000.00 4,046,000.00 1,971,000.00
Deprecation and Amortization 9,752,000.00 6,344,000.00 3,198,000.00 -6,841,000.00 9,770,000.00 6,619,000.00 3,371,000.00 -6,198,000.00 9,500,000.00 6,313,000.00 3,203,000.00 -7,399,000.00 10,389,000.00 7,076,000.00 3,585,000.00 -8,783,000.00 12,511,000.00 8,366,000.00 4,289,000.00
EBITDA 24,160,000.00 16,300,000.00 7,952,000.00 -14,819,000.00 23,213,000.00 15,259,000.00 7,389,000.00 -13,317,000.00 20,342,000.00 13,518,000.00 6,609,000.00 -8,928,000.00 14,150,000.00 9,559,000.00 5,380,000.00 -13,774,000.00 18,025,000.00 12,412,000.00 6,260,000.00
EPS 0.01 0.01 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 0.01 0.01 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
Average Shares Outstanding Basic 1,133,743.37 1,136,627.72 1,140,537.94 1,139,751.48 1,174,069.34 1,177,662.18 1,185,298.50 1,120,109.82 1,194,497.72 1,206,270.34 1,219,608.36 1,243,537.64 1,252,783.14 1,252,228.96 1,250,506.00 1,253,105.61 1,246,441.46 1,245,552.85 1,243,520.03
Average Shares Outstanding Diluted 1,136,920.52 1,139,770.74 1,144,655.30 1,145,196.55 1,177,637.15 1,180,929.88 1,189,092.02 1,168,029.26 1,198,290.14 1,210,220.96 1,224,604.70 1,251,203.18 1,258,061.48 1,256,873.83 1,255,368.59 1,257,639.89 1,254,391.79 1,254,264.46 1,252,783.56
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 21,296,000.00 13,839,000.00 6,847,000.00 -10,140,000.00 16,744,000.00 10,605,000.00 5,084,000.00 -7,598,000.00 13,700,000.00 8,406,000.00 4,051,000.00 -7,563,000.00 12,445,000.00 8,054,000.00 3,845,000.00 -8,101,000.00 10,917,000.00 7,440,000.00 3,661,000.00
   Operating Net Income 26,667,000.00 18,525,000.00 8,859,000.00 17,986,000.00 8,358,000.00 5,299,000.00 2,374,000.00 -4,087,000.00 6,303,000.00 4,161,000.00 1,940,000.00 159,000.00 1,113,000.00 605,000.00 713,000.00 -2,422,000.00 2,602,000.00 1,911,000.00 933,000.00
   Deprecation and Amortization 9,752,000.00 6,344,000.00 3,198,000.00 -6,841,000.00 9,770,000.00 6,619,000.00 3,371,000.00 -6,198,000.00 9,500,000.00 6,313,000.00 3,203,000.00 -7,399,000.00 10,389,000.00 7,076,000.00 3,585,000.00 -8,783,000.00 12,511,000.00 8,366,000.00 4,289,000.00
   Deferred Income Tax 2,505,000.00 1,708,000.00 771,000.00 -1,336,000.00 2,279,000.00 1,462,000.00 715,000.00 -1,310,000.00 1,985,000.00 1,314,000.00 611,000.00 125,000.00 73,000.00 109,000.00 185,000.00 -861,000.00 410,000.00 437,000.00 211,000.00
   Share Based Compensation 613,000.00 386,000.00 186,000.00 -269,000.00 474,000.00 304,000.00 140,000.00 -354,000.00 500,000.00 344,000.00 177,000.00 310,000.00 445,000.00 295,000.00 141,000.00 -273,000.00 403,000.00 272,000.00 138,000.00
   Change in Working Capital -162,000.00 -1,058,000.00 -877,000.00 6,745,000.00 -3,080,000.00 -3,258,000.00 -3,114,000.00 5,455,000.00 -2,325,000.00 -2,906,000.00 -945,000.00 -1,039,000.00 3,336,000.00 1,502,000.00 623,000.00 7,112,000.00 -2,701,000.00 -1,710,000.00 -1,303,000.00
   Other Operating Activities -18,079,000.00 -12,066,000.00 -5,290,000.00 -26,425,000.00 -1,057,000.00 179,000.00 1,598,000.00 -1,104,000.00 -2,263,000.00 -820,000.00 -935,000.00 281,000.00 -2,911,000.00 -1,533,000.00 -1,402,000.00 -2,874,000.00 -2,308,000.00 -1,836,000.00 -607,000.00
Investing Cash Flow -15,107,000.00 -4,968,000.00 -3,409,000.00 2,952,000.00 -6,772,000.00 -3,465,000.00 -1,787,000.00 3,722,000.00 -4,608,000.00 -3,215,000.00 -1,728,000.00 10,590,000.00 -10,206,000.00 -7,651,000.00 -5,092,000.00 22,649,000.00 -17,474,000.00 -13,322,000.00 -11,239,000.00
   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 12,082,000.00 7,835,000.00 2,524,000.00 -4,525,000.00 9,264,000.00 4,884,000.00 2,688,000.00 -6,598,000.00 8,439,000.00 5,896,000.00 3,074,000.00 -12,741,000.00 13,906,000.00 9,912,000.00 6,224,000.00 -24,530,000.00 18,734,000.00 15,383,000.00 12,105,000.00
   Net Purchase/Sale of Investments Net -371,000.00 -430,000.00 158,000.00 -11,000.00 -50,000.00 39,000.00 -11,000.00 -104,000.00 -36,000.00 -19,000.00 5,000.00 -5,000.00 -138,000.00 -7,000.00 1,000.00 31,000.00 -46,000.00 -32,000.00 -4,000.00
   Net Purchase/Sale of Business 7,578,000.00 1,709,000.00 727,000.00 -407,000.00 390,000.00 390,000.00 0 0 0 0 0 -104,000.00 52,000.00 52,000.00 52,000.00 -59,000.00 1,916,000.00 30,000.00 29,000.00
   Other Investing Activities -34,396,000.00 -14,082,000.00 -6,818,000.00 7,895,000.00 -16,376,000.00 -8,778,000.00 -4,464,000.00 10,424,000.00 -13,011,000.00 -9,092,000.00 -4,807,000.00 23,440,000.00 -24,026,000.00 -17,608,000.00 -11,369,000.00 47,207,000.00 -38,078,000.00 -28,703,000.00 -23,369,000.00
Financing Cash Flow -8,250,000.00 -4,012,000.00 3,193,000.00 -56,000.00 -5,293,000.00 -5,800,000.00 -1,666,000.00 1,800,000.00 -8,567,000.00 -3,057,000.00 -2,273,000.00 1,518,000.00 -1,953,000.00 -3,880,000.00 -2,136,000.00 -5,699,000.00 237,000.00 3,297,000.00 3,874,000.00
   Net Issuance/Repayment of Debt 5,528,000.00 4,382,000.00 8,568,000.00 -10,512,000.00 12,283,000.00 9,233,000.00 4,023,000.00 -10,341,000.00 14,188,000.00 7,427,000.00 3,450,000.00 -2,046,000.00 7,018,000.00 3,603,000.00 1,934,000.00 -22,320,000.00 23,635,000.00 16,354,000.00 9,269,000.00
   Net Issuance/Repurchase of Equity 7,528,000.00 5,049,000.00 2,494,000.00 -4,888,000.00 6,541,000.00 5,981,000.00 3,594,000.00 -10,646,000.00 10,891,000.00 8,210,000.00 4,619,000.00 2,443,000.00 557,000.00 0 0 0 0 0 0
   Dividends Paid 7,586,000.00 4,999,000.00 2,521,000.00 3,717,000.00 2,286,000.00 1,528,000.00 769,000.00 747,000.00 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -28,892,000.00 -18,442,000.00 -10,390,000.00 11,627,000.00 -26,403,000.00 -22,542,000.00 -10,052,000.00 22,040,000.00 -33,646,000.00 -18,694,000.00 -10,342,000.00 1,121,000.00 -9,528,000.00 -7,483,000.00 -4,070,000.00 16,621,000.00 -23,398,000.00 -13,057,000.00 -5,395,000.00
Net Change in Cash -2,048,000.00 4,872,000.00 6,631,000.00 -7,244,000.00 4,679,000.00 1,340,000.00 1,631,000.00 -2,076,000.00 525,000.00 2,134,000.00 50,000.00 4,545,000.00 286,000.00 -3,477,000.00 -3,383,000.00 8,849,000.00 -6,320,000.00 -2,585,000.00 -3,704,000.00
   Cash at Beginning of Period 5,713,000.00 5,713,000.00 5,713,000.00 12,957,000.00 5,307,000.00 5,307,000.00 5,307,000.00 7,383,000.00 4,674,000.00 4,674,000.00 4,674,000.00 129,000.00 6,703,000.00 6,703,000.00 6,703,000.00 -2,146,000.00 10,463,000.00 10,463,000.00 10,463,000.00
   Cash at End of Period 3,665,000.00 10,585,000.00 12,344,000.00 5,713,000.00 9,986,000.00 6,647,000.00 6,938,000.00 5,307,000.00 5,199,000.00 6,808,000.00 4,724,000.00 4,674,000.00 6,989,000.00 3,226,000.00 3,320,000.00 6,703,000.00 4,143,000.00 7,878,000.00 6,759,000.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0