Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -48.65 27.89 41.49 14.67
Price to Sales 0.26 0.21 0.17 0.32
Book Value Per Common Share 53.85 54.42 53.58 52.87 51.29
Price to Book 0.42 0.33 0.27 0.50
Price to Operating Cash Flow 2.18 1.75 1.48 2.83
Price to Free Cash Flow
Enterprise Value to EBITDA 23034.69 15759.47 13204.15 21982.20
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 141.54 35.38 105.10 -43.67 49.63 85.81 35.02 69.52 112.00 27.21 22.65 39.39 17.86 23.81 36.40
Price to Sales 0.28 0.45 0.98 0.35 0.48 0.83 0.26 0.35 0.79 0.29 0.45 1.07 0.44 0.66 1.27
Book Value Per Common Share 29.29 53.49 53.94 53.85 53.28 54.36 54.80 54.42 54.15 53.80 53.74 53.58 53.99 53.58 53.41 52.87 52.59 51.76 52.03 51.29
Price to Book 0.63 0.38 0.41 0.42 0.42 0.37 0.33 0.33 0.30 0.27 0.31 0.27 0.34 0.35 0.42 0.50 0.50 0.51 0.49
Price to Operating Cash Flow 3.92 3.60 11.72 2.52 3.39 7.55 1.95 3.18 34.83 2.44 2.76 6.21 3.45 6.28 17.67
Price to Free Cash Flow
Enterprise Value to EBITDA 124064.90 36393.05 77214.50 30502.80 34800.51 58926.20 19014.57 25970.62 59025.19 21169.38 29636.34 67051.78 27835.74 40621.69 73544.68

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 82.86 -80.56 -32.33
Revenue YoY 3.70 0.03 2.46 6.34
EBITDA YoY -14.23 2.99 -9.49 -1.15
Net Profit YoY 80.00 -80.65 -32.31
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 -77.59 176.19 95.24 123.81 40.00 -17.07 43.86 34.55 57.14
Revenue YoY 48.90 101.20 51.27 98.86 50.65 97.78 51.08 97.95 50.62 100.87
EBITDA YoY -73.58 99.59 24.85 93.46 53.97 97.52 37.85 87.15 45.63 88.26
Net Profit YoY -77.44 177.78 94.44 122.22 38.46 -18.31 44.90 34.74 58.33

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 2.44 2.39 3.96 2.07 44.69
Quick Ratio 0.99 1.02 0.98 1.13 3.50
Current Ratio 1.45 1.41 1.36 1.72 2.48
Debt to Equity 0.11 0.10 0.14 0.11 0.06
Long-Term Debt to Equity 0.02 0.01 0.04 0.02 -0.03
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 3.80 5.00 2.80 2.47 3.92 2.92 2.82 2.39 2.47 2.94 2.65 3.96 3.63 4.48 4.27 2.07 3.00 3.43 5.86 44.69
Quick Ratio 0.62 2.24 2.05 0.99 1.94 1.92 1.99 1.02 1.63 1.75 1.86 0.98 1.68 1.90 2.10 1.13 2.07 2.38 2.67 3.50
Current Ratio 0.65 1.79 1.63 1.45 1.51 1.49 1.60 1.41 1.31 1.44 1.58 1.36 1.41 1.56 1.67 1.72 1.78 2.12 2.41 2.48
Debt to Equity -0.34 -0.05 -0.03 0.11 -0.02 -0.03 -0.01 0.10 0.01 0.04 0.06 0.14 0.04 0.03 0.03 0.11 -0.02 -0.04 -0.01 0.06
Long-Term Debt to Equity -0.41 -0.11 -0.09 0.02 -0.09 -0.09 -0.07 0.01 -0.06 -0.03 -0.01 0.04 -0.05 -0.05 -0.04 0.02 -0.09 -0.09 -0.07 -0.03

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -0.18 0.25 0.14 0.73 1.17
ROE -0.21 0.28 0.16 0.81 1.23
Gross Margin 55.06 76.25 72.91 73.13 73.15
Operating Margin 2.13 4.22 3.23 5.00 5.42
EBITDA Margin 10.95 13.23 12.85 14.55 15.65
Net Profit Margin -0.52 0.74 0.41 2.18 3.43
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
ROA 0.23 0.38 0.14 -0.33 0.26 0.13 0.29 0.13 0.09 0.40 0.50 0.34 0.96 0.73 0.45
ROE 0.15 0.36 0.13 -0.32 0.25 0.13 0.29 0.13 0.09 0.42 0.51 0.35 0.94 0.70 0.45
Gross Margin 99.01 59.41 61.13 57.70 56.92 78.39 76.44 76.09 75.86 72.99 74.59 75.57 73.59 73.42 73.36
Operating Margin 1.61 4.17 4.19 2.33 4.75 5.16 4.58 4.15 4.00 4.12 5.50 6.47 5.88 6.08 7.41
EBITDA Margin 2.24 12.63 12.73 11.33 13.73 14.12 13.71 13.41 13.43 13.73 15.05 15.92 15.64 16.17 17.26
Net Profit Margin 0.20 1.30 0.94 -0.79 0.96 0.98 0.75 0.51 0.72 1.07 1.98 2.71 2.45 2.74 3.47

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 21,186,000.00 21,370,000.00 21,957,000.00 21,129,000.00 19,610,000.00
   Current Assets 2,575,000.00 2,403,000.00 2,794,000.00 2,828,000.00 3,822,000.00
      Cash and Short-Term Investments 210,000.00 203,000.00 337,000.00 178,000.00 3,843,000.00
            Cash and Cash Equivalents 195,000.00 174,000.00 302,000.00 178,000.00 3,831,000.00
            Short-Term Investments 15,000.00 29,000.00 35,000.00 0 12,000.00
      Net Receivables 1,547,000.00 1,536,000.00 1,686,000.00 1,669,000.00 1,554,000.00
      Inventory 184,000.00 203,000.00 265,000.00 175,000.00 149,000.00
      Other Current Assets 634,000.00 461,000.00 506,000.00 806,000.00 -1,724,000.00
   Non-Current Assets 18,611,000.00 18,967,000.00 19,163,000.00 18,301,000.00 15,788,000.00
      Property, Plant, Equipment Net 17,881,000.00 20,226,000.00 19,766,000.00 19,242,000.00 18,660,000.00
      Goodwill 0 0 0 0 0
      Intangible Assets 0 0 0 0 0
      Long-Term Investments 454,000.00 461,000.00 452,000.00 439,000.00 435,000.00
      Non-Current Deferred Assets 0 0 0 0 0
      Other Non-Current Assets 276,000.00 -1,720,000.00 -1,055,000.00 -1,380,000.00 -3,307,000.00
Liabilities 2,165,000.00 1,984,000.00 2,766,000.00 2,060,000.00 1,054,000.00
   Current Liabilities 1,777,000.00 1,700,000.00 2,054,000.00 1,640,000.00 1,542,000.00
      Payables and Expenses 335,000.00 331,000.00 428,000.00 429,000.00 459,000.00
            Account Payables 242,000.00 248,000.00 344,000.00 346,000.00 377,000.00
            Current Accrued Liabilities 93,000.00 83,000.00 84,000.00 83,000.00 82,000.00
      Short-Term Debt 163,000.00 155,000.00 146,000.00 132,000.00 118,000.00
      Other Current Liabilities 1,279,000.00 1,214,000.00 1,480,000.00 1,079,000.00 965,000.00
   Non-Current Liabilities 388,000.00 284,000.00 712,000.00 420,000.00 -488,000.00
      Long-Term Debt 3,702,000.00 3,917,000.00 4,070,000.00 3,658,000.00 3,403,000.00
      Other Non-Current Liabilities -3,314,000.00 -3,633,000.00 -3,358,000.00 -3,238,000.00 -3,891,000.00
Equity 19,021,000.00 19,386,000.00 19,191,000.00 19,069,000.00 18,556,000.00
   Shareholders Equity 4,577,000.00 4,626,000.00 4,554,000.00 4,547,000.00 4,411,000.00
      Capital Stock 88,000.00 88,000.00 88,000.00 88,000.00 88,000.00
      Share Premium 1,783,000.00 1,726,000.00 1,703,000.00 1,678,000.00 1,651,000.00
      Retained Earnings 2,818,000.00 2,892,000.00 2,861,000.00 2,849,000.00 2,739,000.00
      Treasury Shares 112,000.00 80,000.00 98,000.00 68,000.00 67,000.00
      Accumulated Other Comprehensive Income 0 0 0 0 0
   Minority Interest 15,000.00 16,000.00 16,000.00 16,000.00 15,000.00
Investments 454,000.00 461,000.00 452,000.00 439,000.00 447,000.00
Debt 3,865,000.00 4,072,000.00 4,216,000.00 3,790,000.00 3,521,000.00
Net Debt 3,655,000.00 3,869,000.00 3,879,000.00 3,612,000.00 0
Common Shares Outstanding 85,000.00 85,000.00 85,000.00 86,000.00 86,000.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 7,546,000.00 7,277,000.00 7,275,000.00 7,100,000.00 6,677,000.00
Cost Of Revenue 3,391,000.00 1,728,000.00 1,971,000.00 1,908,000.00 1,793,000.00
Gross Profit 4,155,000.00 5,549,000.00 5,304,000.00 5,192,000.00 4,884,000.00
Operating Expenses 2,547,000.00 3,816,000.00 3,622,000.00 3,052,000.00 2,767,000.00
   Selling, General and Administrative Expenses 1,330,000.00 1,368,000.00 1,408,000.00 1,345,000.00 1,368,000.00
   Other Operating Expenses 1,217,000.00 2,448,000.00 2,214,000.00 1,707,000.00 1,399,000.00
Operating Income 1,608,000.00 1,733,000.00 1,682,000.00 2,140,000.00 2,117,000.00
Net Non-Operating Income -1,630,000.00 -1,622,000.00 -1,610,000.00 -1,960,000.00 -1,867,000.00
Interest Expense 183,000.00 196,000.00 163,000.00 175,000.00 112,000.00
EBT -22,000.00 111,000.00 72,000.00 180,000.00 250,000.00
Income Tax 10,000.00 53,000.00 37,000.00 20,000.00 17,000.00
Equity Method Investments Income 161,000.00 158,000.00 158,000.00 179,000.00 179,000.00
Net Income Including Non-Controlling Interests -46,000.00 50,000.00 25,000.00 150,000.00 225,000.00
Net Income Non-Controlling Interests 7,000.00 4,000.00 5,000.00 5,000.00 4,000.00
Net Income -39,000.00 54,000.00 30,000.00 155,000.00 229,000.00
EBIT 161,000.00 307,000.00 235,000.00 355,000.00 362,000.00
Deprecation and Amortization 665,000.00 656,000.00 700,000.00 678,000.00 683,000.00
EBITDA 826,000.00 963,000.00 935,000.00 1,033,000.00 1,045,000.00
EPS -0.00 0.00 0.00 0.00 0.00
Diluted EPS -0.00 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 86,000.00 85,000.00 85,000.00 86,000.00 86,000.00
Average Shares Outstanding Diluted 86,000.00 87,000.00 86,000.00 87,000.00 87,000.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 883,000.00 866,000.00 832,000.00 802,000.00 1,237,000.00
   Operating Net Income 1,585,000.00 1,624,000.00 1,632,000.00 2,145,000.00 2,193,000.00
   Deprecation and Amortization 665,000.00 656,000.00 700,000.00 678,000.00 683,000.00
   Deferred Income Tax -27,000.00 47,000.00 33,000.00 41,000.00 130,000.00
   Share Based Compensation 55,000.00 23,000.00 24,000.00 27,000.00 32,000.00
   Change in Working Capital 17,000.00 -153,000.00 469,000.00 95,000.00 123,000.00
   Other Operating Activities -1,412,000.00 -1,331,000.00 -2,026,000.00 -2,184,000.00 -1,924,000.00
Investing Cash Flow -556,000.00 -721,000.00 -1,179,000.00 -2,036,000.00 -1,163,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 631,000.00 926,000.00 1,217,000.00 724,000.00 989,000.00
   Net Purchase/Sale of Investments Net -1,000.00 -17,000.00 0 -1,000.00 1,000.00
   Net Purchase/Sale of Business 0 0 8,000.00 3,000.00 37,000.00
   Other Investing Activities -1,186,000.00 -1,630,000.00 -2,404,000.00 -2,762,000.00 -2,190,000.00
Financing Cash Flow -347,000.00 -274,000.00 456,000.00 142,000.00 926,000.00
   Net Issuance/Repayment of Debt 288,000.00 828,000.00 1,289,000.00 2,460,000.00 1,233,000.00
   Net Issuance/Repurchase of Equity 54,000.00 0 43,000.00 31,000.00 23,000.00
   Dividends Paid 5,000.00 3,000.00 3,000.00 3,000.00 6,000.00
   Other Financing Activities -694,000.00 -1,105,000.00 -879,000.00 -2,352,000.00 -336,000.00
Net Change in Cash -20,000.00 -129,000.00 109,000.00 -1,092,000.00 1,000,000.00
   Cash at Beginning of Period 179,000.00 308,000.00 199,000.00 1,291,000.00 291,000.00
   Cash at End of Period 159,000.00 179,000.00 308,000.00 199,000.00 1,291,000.00
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 5,006,155.00 13,124,000.00 13,326,000.00 21,186,000.00 13,511,000.00 13,687,000.00 13,830,000.00 21,370,000.00 14,010,000.00 14,324,000.00 14,570,000.00 21,957,000.00 14,346,000.00 14,280,000.00 14,249,000.00 21,129,000.00 13,322,000.00 13,041,000.00 13,262,000.00 19,610,000.00
   Current Assets 352,244.00 1,509,000.00 1,373,000.00 2,575,000.00 1,427,000.00 1,374,000.00 1,395,000.00 2,403,000.00 1,393,000.00 1,500,000.00 1,562,000.00 2,794,000.00 1,675,000.00 1,673,000.00 1,611,000.00 2,828,000.00 1,571,000.00 1,645,000.00 1,845,000.00 3,822,000.00
      Cash and Short-Term Investments 325,626.00 425,000.00 238,000.00 210,000.00 337,000.00 251,000.00 240,000.00 203,000.00 210,000.00 250,000.00 225,000.00 337,000.00 312,000.00 385,000.00 367,000.00 178,000.00 261,000.00 298,000.00 504,000.00 3,843,000.00
            Cash and Cash Equivalents 325,626.00 410,000.00 219,000.00 195,000.00 321,000.00 231,000.00 215,000.00 174,000.00 178,000.00 212,000.00 179,000.00 302,000.00 277,000.00 350,000.00 323,000.00 178,000.00 261,000.00 298,000.00 501,000.00 3,831,000.00
            Short-Term Investments 0 15,000.00 19,000.00 15,000.00 16,000.00 20,000.00 25,000.00 29,000.00 32,000.00 38,000.00 46,000.00 35,000.00 35,000.00 35,000.00 44,000.00 0 0 0 3,000.00 12,000.00
      Net Receivables 9,356.00 1,463,000.00 1,486,000.00 1,547,000.00 1,499,000.00 1,518,000.00 1,500,000.00 1,536,000.00 1,525,000.00 1,578,000.00 1,621,000.00 1,686,000.00 1,688,000.00 1,655,000.00 1,655,000.00 1,669,000.00 1,569,000.00 1,548,000.00 1,544,000.00 1,554,000.00
      Inventory 0 130,000.00 182,000.00 184,000.00 165,000.00 147,000.00 179,000.00 203,000.00 178,000.00 215,000.00 267,000.00 265,000.00 247,000.00 209,000.00 179,000.00 175,000.00 138,000.00 186,000.00 142,000.00 149,000.00
      Other Current Assets 17,262.00 -509,000.00 -533,000.00 634,000.00 -574,000.00 -542,000.00 -524,000.00 461,000.00 -520,000.00 -543,000.00 -551,000.00 506,000.00 -572,000.00 -576,000.00 -590,000.00 806,000.00 -397,000.00 -387,000.00 -345,000.00 -1,724,000.00
   Non-Current Assets 4,653,911.00 11,615,000.00 11,953,000.00 18,611,000.00 12,084,000.00 12,313,000.00 12,435,000.00 18,967,000.00 12,617,000.00 12,824,000.00 13,008,000.00 19,163,000.00 12,671,000.00 12,607,000.00 12,638,000.00 18,301,000.00 11,751,000.00 11,396,000.00 11,417,000.00 15,788,000.00
      Property, Plant, Equipment Net 2,658,868.00 18,047,000.00 17,934,000.00 17,881,000.00 17,897,000.00 17,678,000.00 17,739,000.00 20,226,000.00 20,245,000.00 20,079,000.00 19,970,000.00 19,766,000.00 19,929,000.00 19,823,000.00 19,395,000.00 19,242,000.00 19,092,000.00 18,851,000.00 18,731,000.00 18,660,000.00
      Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3,915,000.00 0
      Long-Term Investments 452,174.00 444,000.00 479,000.00 454,000.00 478,000.00 461,000.00 482,000.00 461,000.00 477,000.00 457,000.00 477,000.00 452,000.00 461,000.00 441,000.00 465,000.00 439,000.00 466,000.00 445,000.00 455,000.00 435,000.00
      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 1,542,869.00 -6,876,000.00 -6,460,000.00 276,000.00 -6,291,000.00 -5,826,000.00 -5,786,000.00 -1,720,000.00 -8,105,000.00 -7,712,000.00 -7,439,000.00 -1,055,000.00 -7,719,000.00 -7,657,000.00 -7,222,000.00 -1,380,000.00 -7,807,000.00 -7,900,000.00 -11,684,000.00 -3,307,000.00
Liabilities -2,597,971.00 -704,000.00 -457,000.00 2,165,000.00 -267,000.00 -368,000.00 -174,000.00 1,984,000.00 169,000.00 573,000.00 836,000.00 2,766,000.00 547,000.00 424,000.00 438,000.00 2,060,000.00 -279,000.00 -500,000.00 -193,000.00 1,054,000.00
   Current Liabilities 542,787.00 844,000.00 843,000.00 1,777,000.00 945,000.00 923,000.00 874,000.00 1,700,000.00 1,063,000.00 1,042,000.00 990,000.00 2,054,000.00 1,192,000.00 1,075,000.00 964,000.00 1,640,000.00 882,000.00 777,000.00 766,000.00 1,542,000.00
      Payables and Expenses 73,777.00 272,000.00 240,000.00 335,000.00 338,000.00 325,000.00 261,000.00 331,000.00 473,000.00 303,000.00 250,000.00 428,000.00 402,000.00 370,000.00 314,000.00 429,000.00 433,000.00 336,000.00 316,000.00 459,000.00
            Account Payables 69,157.00 218,000.00 207,000.00 242,000.00 272,000.00 268,000.00 229,000.00 248,000.00 412,000.00 249,000.00 206,000.00 344,000.00 340,000.00 314,000.00 272,000.00 346,000.00 364,000.00 283,000.00 276,000.00 377,000.00
            Current Accrued Liabilities 4,620.00 54,000.00 33,000.00 93,000.00 66,000.00 57,000.00 32,000.00 83,000.00 61,000.00 54,000.00 44,000.00 84,000.00 62,000.00 56,000.00 42,000.00 83,000.00 69,000.00 53,000.00 40,000.00 82,000.00
      Short-Term Debt 17,631.00 165,000.00 166,000.00 163,000.00 159,000.00 154,000.00 154,000.00 155,000.00 153,000.00 226,000.00 148,000.00 146,000.00 144,000.00 141,000.00 137,000.00 132,000.00 129,000.00 128,000.00 122,000.00 118,000.00
      Other Current Liabilities 451,379.00 407,000.00 437,000.00 1,279,000.00 448,000.00 444,000.00 459,000.00 1,214,000.00 437,000.00 513,000.00 592,000.00 1,480,000.00 646,000.00 564,000.00 513,000.00 1,079,000.00 320,000.00 313,000.00 328,000.00 965,000.00
   Non-Current Liabilities -3,140,758.00 -1,548,000.00 -1,300,000.00 388,000.00 -1,212,000.00 -1,291,000.00 -1,048,000.00 284,000.00 -894,000.00 -469,000.00 -154,000.00 712,000.00 -645,000.00 -651,000.00 -526,000.00 420,000.00 -1,161,000.00 -1,277,000.00 -959,000.00 -488,000.00
      Long-Term Debt 1,210,710.00 3,687,000.00 3,696,000.00 3,702,000.00 3,738,000.00 3,752,000.00 3,899,000.00 3,917,000.00 3,779,000.00 3,982,000.00 4,173,000.00 4,070,000.00 4,014,000.00 4,031,000.00 4,143,000.00 3,658,000.00 3,533,000.00 3,638,000.00 3,897,000.00 3,403,000.00
      Other Non-Current Liabilities -4,351,468.00 -5,235,000.00 -4,996,000.00 -3,314,000.00 -4,950,000.00 -5,043,000.00 -4,947,000.00 -3,633,000.00 -4,673,000.00 -4,451,000.00 -4,327,000.00 -3,358,000.00 -4,659,000.00 -4,682,000.00 -4,669,000.00 -3,238,000.00 -4,694,000.00 -4,915,000.00 -4,856,000.00 -3,891,000.00
Equity 7,604,126.00 13,828,000.00 13,783,000.00 19,021,000.00 13,778,000.00 14,055,000.00 14,004,000.00 19,386,000.00 13,841,000.00 13,751,000.00 13,734,000.00 19,191,000.00 13,799,000.00 13,856,000.00 13,811,000.00 19,069,000.00 13,601,000.00 13,541,000.00 13,455,000.00 18,556,000.00
   Shareholders Equity 2,529,824.00 4,600,000.00 4,585,000.00 4,577,000.00 4,582,000.00 4,675,000.00 4,658,000.00 4,626,000.00 4,603,000.00 4,573,000.00 4,568,000.00 4,554,000.00 4,589,000.00 4,608,000.00 4,593,000.00 4,547,000.00 4,523,000.00 4,503,000.00 4,475,000.00 4,411,000.00
      Capital Stock 88,074.00 88,000.00 88,000.00 88,000.00 88,000.00 88,000.00 88,000.00 88,000.00 88,000.00 88,000.00 88,000.00 88,000.00 88,000.00 88,000.00 88,000.00 88,000.00 88,000.00 88,000.00 88,000.00 88,000.00
      Share Premium 1,795,035.00 1,812,000.00 1,800,000.00 1,783,000.00 1,764,000.00 1,752,000.00 1,740,000.00 1,726,000.00 1,717,000.00 1,710,000.00 1,704,000.00 1,703,000.00 1,696,000.00 1,692,000.00 1,685,000.00 1,678,000.00 1,671,000.00 1,663,000.00 1,657,000.00 1,651,000.00
      Retained Earnings 732,333.00 2,802,000.00 2,822,000.00 2,818,000.00 2,813,000.00 2,893,000.00 2,910,000.00 2,892,000.00 2,878,000.00 2,855,000.00 2,872,000.00 2,861,000.00 2,890,000.00 2,903,000.00 2,897,000.00 2,849,000.00 2,822,000.00 2,794,000.00 2,796,000.00 2,739,000.00
      Treasury Shares -85,618.00 102,000.00 125,000.00 112,000.00 83,000.00 58,000.00 80,000.00 80,000.00 80,000.00 80,000.00 96,000.00 98,000.00 85,000.00 75,000.00 77,000.00 68,000.00 58,000.00 42,000.00 66,000.00 67,000.00
      Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Minority Interest 7,327.00 14,000.00 14,000.00 15,000.00 16,000.00 15,000.00 15,000.00 16,000.00 16,000.00 16,000.00 15,000.00 16,000.00 16,000.00 16,000.00 16,000.00 16,000.00 16,000.00 16,000.00 15,000.00 15,000.00
Investments 452,174.00 444,000.00 479,000.00 454,000.00 478,000.00 461,000.00 482,000.00 461,000.00 477,000.00 457,000.00 477,000.00 452,000.00 461,000.00 441,000.00 465,000.00 439,000.00 466,000.00 445,000.00 461,000.00 447,000.00
Debt 1,228,341.00 3,852,000.00 3,862,000.00 3,865,000.00 3,897,000.00 3,906,000.00 4,053,000.00 4,072,000.00 3,932,000.00 4,208,000.00 4,321,000.00 4,216,000.00 4,158,000.00 4,172,000.00 4,280,000.00 3,790,000.00 3,662,000.00 3,766,000.00 4,019,000.00 3,521,000.00
Net Debt 902,715.00 3,427,000.00 3,624,000.00 3,655,000.00 3,560,000.00 3,655,000.00 3,813,000.00 3,869,000.00 3,722,000.00 3,958,000.00 4,096,000.00 3,879,000.00 3,846,000.00 3,787,000.00 3,913,000.00 3,612,000.00 3,401,000.00 3,468,000.00 3,515,000.00 0
Common Shares Outstanding 86,380.00 86,000.00 85,000.00 85,000.00 86,000.00 86,000.00 85,000.00 85,000.00 85,000.00 85,000.00 85,000.00 85,000.00 85,000.00 86,000.00 86,000.00 86,000.00 86,000.00 87,000.00 86,000.00 86,000.00
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
Revenues 5,719,348.00 3,841,000.00 1,909,000.00 -3,500,000.00 5,541,000.00 3,663,000.00 1,842,000.00 -3,458,000.00 5,369,000.00 3,564,000.00 1,802,000.00 -3,525,000.00 5,410,000.00 3,581,000.00 1,809,000.00 -3,321,000.00 5,225,000.00 3,469,000.00 1,727,000.00
Cost Of Revenue 56,662.00 1,559,000.00 742,000.00 -929,000.00 2,344,000.00 1,578,000.00 398,000.00 -824,000.00 1,265,000.00 852,000.00 435,000.00 -842,000.00 1,461,000.00 910,000.00 442,000.00 -854,000.00 1,380,000.00 922,000.00 460,000.00
Gross Profit 5,662,686.00 2,282,000.00 1,167,000.00 -2,571,000.00 3,197,000.00 2,085,000.00 1,444,000.00 -2,634,000.00 4,104,000.00 2,712,000.00 1,367,000.00 -2,683,000.00 3,949,000.00 2,671,000.00 1,367,000.00 -2,467,000.00 3,845,000.00 2,547,000.00 1,267,000.00
Operating Expenses 4,429,928.00 1,393,000.00 735,000.00 -1,448,000.00 1,955,000.00 1,074,000.00 966,000.00 -1,644,000.00 2,756,000.00 1,804,000.00 900,000.00 -1,577,000.00 2,601,000.00 1,740,000.00 858,000.00 -1,318,000.00 2,190,000.00 1,449,000.00 731,000.00
   Selling, General and Administrative Expenses 69,063.00 661,000.00 332,000.00 -631,000.00 977,000.00 653,000.00 331,000.00 -683,000.00 1,020,000.00 686,000.00 345,000.00 -612,000.00 1,032,000.00 663,000.00 325,000.00 -583,000.00 984,000.00 639,000.00 305,000.00
   Other Operating Expenses 4,360,865.00 732,000.00 403,000.00 -817,000.00 978,000.00 421,000.00 635,000.00 -961,000.00 1,736,000.00 1,118,000.00 555,000.00 -965,000.00 1,569,000.00 1,077,000.00 533,000.00 -735,000.00 1,206,000.00 810,000.00 426,000.00
Operating Income 1,232,758.00 889,000.00 432,000.00 -1,123,000.00 1,242,000.00 1,011,000.00 478,000.00 -990,000.00 1,348,000.00 908,000.00 467,000.00 -1,106,000.00 1,348,000.00 931,000.00 509,000.00 -1,149,000.00 1,655,000.00 1,098,000.00 536,000.00
Net Non-Operating Income -1,156,734.00 -813,000.00 -392,000.00 974,000.00 -1,250,000.00 -928,000.00 -426,000.00 928,000.00 -1,249,000.00 -859,000.00 -442,000.00 862,000.00 -1,240,000.00 -807,000.00 -425,000.00 963,000.00 -1,492,000.00 -984,000.00 -447,000.00
Interest Expense 16,233.00 84,000.00 40,000.00 -88,000.00 137,000.00 91,000.00 43,000.00 -97,000.00 147,000.00 99,000.00 47,000.00 -58,000.00 115,000.00 73,000.00 33,000.00 -105,000.00 144,000.00 97,000.00 39,000.00
EBT 76,024.00 76,000.00 40,000.00 -149,000.00 -8,000.00 83,000.00 52,000.00 -62,000.00 99,000.00 49,000.00 25,000.00 -244,000.00 108,000.00 124,000.00 84,000.00 -186,000.00 163,000.00 114,000.00 89,000.00
Income Tax 6,879.00 24,000.00 20,000.00 -88,000.00 29,000.00 41,000.00 28,000.00 -43,000.00 56,000.00 29,000.00 11,000.00 -91,000.00 46,000.00 50,000.00 32,000.00 -55,000.00 31,000.00 17,000.00 27,000.00
Equity Method Investments Income 147,453.00 78,000.00 36,000.00 -84,000.00 123,000.00 80,000.00 42,000.00 -89,000.00 121,000.00 82,000.00 44,000.00 -91,000.00 122,000.00 82,000.00 45,000.00 -88,000.00 137,000.00 88,000.00 42,000.00
Net Income Including Non-Controlling Interests -8,754.00 48,000.00 16,000.00 -35,000.00 -51,000.00 28,000.00 12,000.00 -15,000.00 37,000.00 16,000.00 12,000.00 -143,000.00 54,000.00 68,000.00 46,000.00 -125,000.00 124,000.00 93,000.00 58,000.00
Net Income Non-Controlling Interests 20,032.00 2,000.00 2,000.00 -13,000.00 7,000.00 7,000.00 6,000.00 -2,000.00 3,000.00 2,000.00 1,000.00 -5,000.00 4,000.00 3,000.00 3,000.00 -3,000.00 4,000.00 2,000.00 2,000.00
Net Income 11,278.00 50,000.00 18,000.00 -48,000.00 -44,000.00 35,000.00 18,000.00 -17,000.00 40,000.00 18,000.00 13,000.00 -148,000.00 58,000.00 71,000.00 49,000.00 -128,000.00 128,000.00 95,000.00 60,000.00
EBIT 92,257.00 160,000.00 80,000.00 -237,000.00 129,000.00 174,000.00 95,000.00 -159,000.00 246,000.00 148,000.00 72,000.00 -302,000.00 223,000.00 197,000.00 117,000.00 -291,000.00 307,000.00 211,000.00 128,000.00
Deprecation and Amortization 35,860.00 325,000.00 163,000.00 -328,000.00 499,000.00 329,000.00 165,000.00 -334,000.00 490,000.00 330,000.00 170,000.00 -333,000.00 520,000.00 342,000.00 171,000.00 -352,000.00 510,000.00 350,000.00 170,000.00
EBITDA 128,117.00 485,000.00 243,000.00 -565,000.00 628,000.00 503,000.00 260,000.00 -493,000.00 736,000.00 478,000.00 242,000.00 -635,000.00 743,000.00 539,000.00 288,000.00 -643,000.00 817,000.00 561,000.00 298,000.00
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 85,726.00 85,000.00 85,000.00 87,000.00 86,000.00 86,000.00 85,000.00 85,000.00 85,000.00 85,000.00 85,000.00 82,000.00 86,000.00 86,000.00 86,000.00 84,000.00 87,000.00 87,000.00 86,000.00
Average Shares Outstanding Diluted 87,842.00 88,000.00 88,000.00 82,000.00 86,000.00 88,000.00 88,000.00 90,000.00 86,000.00 86,000.00 86,000.00 83,000.00 87,000.00 87,000.00 87,000.00 84,000.00 88,000.00 88,000.00 88,000.00
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 402,898.00 485,000.00 160,000.00 -597,000.00 761,000.00 516,000.00 203,000.00 -284,000.00 719,000.00 390,000.00 41,000.00 -709,000.00 652,000.00 578,000.00 311,000.00 -352,000.00 667,000.00 363,000.00 124,000.00
   Operating Net Income 1,333,736.00 850,000.00 399,000.00 -944,000.00 1,211,000.00 876,000.00 442,000.00 -930,000.00 1,255,000.00 860,000.00 439,000.00 -1,045,000.00 1,302,000.00 889,000.00 486,000.00 -1,103,000.00 1,637,000.00 1,085,000.00 526,000.00
   Deprecation and Amortization 35,860.00 325,000.00 163,000.00 -328,000.00 499,000.00 329,000.00 165,000.00 -334,000.00 490,000.00 330,000.00 170,000.00 -333,000.00 520,000.00 342,000.00 171,000.00 -352,000.00 510,000.00 350,000.00 170,000.00
   Deferred Income Tax -81,087.00 -9,000.00 -8,000.00 -7,000.00 -35,000.00 11,000.00 4,000.00 -26,000.00 41,000.00 25,000.00 7,000.00 -51,000.00 31,000.00 31,000.00 22,000.00 -64,000.00 47,000.00 35,000.00 23,000.00
   Share Based Compensation 1,560.00 29,000.00 17,000.00 -20,000.00 37,000.00 25,000.00 13,000.00 3,000.00 14,000.00 6,000.00 0 -15,000.00 18,000.00 14,000.00 7,000.00 -11,000.00 20,000.00 12,000.00 6,000.00
   Change in Working Capital 78,794.00 -47,000.00 55,000.00 -85,000.00 32,000.00 8,000.00 62,000.00 295,000.00 -137,000.00 -177,000.00 -134,000.00 -256,000.00 395,000.00 214,000.00 116,000.00 134,000.00 -14,000.00 -18,000.00 -7,000.00
   Other Operating Activities -965,965.00 -663,000.00 -466,000.00 787,000.00 -983,000.00 -733,000.00 -483,000.00 708,000.00 -944,000.00 -654,000.00 -441,000.00 991,000.00 -1,614,000.00 -912,000.00 -491,000.00 1,044,000.00 -1,533,000.00 -1,101,000.00 -594,000.00
Investing Cash Flow 2,446,367.00 -150,000.00 -74,000.00 287,000.00 -415,000.00 -284,000.00 -144,000.00 280,000.00 -464,000.00 -345,000.00 -192,000.00 1,358,000.00 -976,000.00 -851,000.00 -710,000.00 2,618,000.00 -1,732,000.00 -1,534,000.00 -1,388,000.00
   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 22,772.00 171,000.00 83,000.00 -274,000.00 447,000.00 305,000.00 153,000.00 -189,000.00 523,000.00 381,000.00 211,000.00 -1,337,000.00 992,000.00 851,000.00 711,000.00 -3,924,000.00 1,719,000.00 1,540,000.00 1,389,000.00
   Net Purchase/Sale of Investments Net -1,301.00 -1,000.00 0 1,000.00 -1,000.00 -1,000.00 0 20,000.00 -14,000.00 -14,000.00 -9,000.00 0 0 0 0 -3,000.00 1,000.00 1,000.00 0
   Net Purchase/Sale of Business 5,439.00 0 0 0 0 0 0 0 0 0 0 -2,000.00 8,000.00 1,000.00 1,000.00 -1,000.00 2,000.00 1,000.00 1,000.00
   Other Investing Activities 2,419,457.00 -320,000.00 -157,000.00 560,000.00 -861,000.00 -588,000.00 -297,000.00 449,000.00 -973,000.00 -712,000.00 -394,000.00 2,697,000.00 -1,976,000.00 -1,703,000.00 -1,422,000.00 6,546,000.00 -3,454,000.00 -3,076,000.00 -2,778,000.00
Financing Cash Flow -2,703,318.00 -93,000.00 -44,000.00 114,000.00 -237,000.00 -196,000.00 -28,000.00 190,000.00 -378,000.00 -129,000.00 43,000.00 -931,000.00 414,000.00 429,000.00 544,000.00 -557,000.00 37,000.00 177,000.00 485,000.00
   Net Issuance/Repayment of Debt 1,200,250.00 12,000.00 5,000.00 -288,000.00 243,000.00 238,000.00 95,000.00 -251,000.00 570,000.00 331,000.00 178,000.00 -1,696,000.00 1,212,000.00 912,000.00 861,000.00 -3,033,000.00 3,034,000.00 1,967,000.00 492,000.00
   Net Issuance/Repurchase of Equity 21,360.00 21,000.00 21,000.00 28,000.00 26,000.00 0 0 0 0 0 0 -13,000.00 28,000.00 18,000.00 10,000.00 6,000.00 21,000.00 2,000.00 2,000.00
   Dividends Paid 2,013,530.00 2,000.00 2,000.00 -4,000.00 4,000.00 3,000.00 2,000.00 -2,000.00 2,000.00 2,000.00 1,000.00 -3,000.00 3,000.00 2,000.00 1,000.00 -2,000.00 2,000.00 2,000.00 1,000.00
   Other Financing Activities -5,938,458.00 -128,000.00 -72,000.00 378,000.00 -510,000.00 -437,000.00 -125,000.00 443,000.00 -950,000.00 -462,000.00 -136,000.00 781,000.00 -829,000.00 -503,000.00 -328,000.00 2,472,000.00 -3,020,000.00 -1,794,000.00 -10,000.00
Net Change in Cash 166,484.00 242,000.00 42,000.00 -196,000.00 109,000.00 36,000.00 31,000.00 186,000.00 -123,000.00 -84,000.00 -108,000.00 -282,000.00 90,000.00 156,000.00 145,000.00 1,709,000.00 -1,028,000.00 -994,000.00 -779,000.00
   Cash at Beginning of Period 159,142.00 159,000.00 159,000.00 355,000.00 179,000.00 179,000.00 179,000.00 -7,000.00 308,000.00 308,000.00 308,000.00 590,000.00 199,000.00 199,000.00 199,000.00 -1,510,000.00 1,291,000.00 1,291,000.00 1,291,000.00
   Cash at End of Period 325,626.00 401,000.00 201,000.00 159,000.00 288,000.00 215,000.00 210,000.00 179,000.00 185,000.00 224,000.00 200,000.00 308,000.00 289,000.00 355,000.00 344,000.00 199,000.00 263,000.00 297,000.00 512,000.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0