VATE

Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings -1.60 -25.63 -35.28 -12.42
Price to Sales 0.05 0.68 0.89 2.37
Book Value Per Common Share -13.60 -2.09 -1.54 -1.08 7.30
Price to Book -0.36 -5.89 -12.15 -34.16
Price to Operating Cash Flow 6.32 36.25 -76.26 105.65
Price to Free Cash Flow
Enterprise Value to EBITDA 8836.81 95360.60 277462.57 1756074.31
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
Price to Earnings -1.15 -1.39 -4.14 -2.19 -201.53 -31.85 -45.00 -64.81 -228.46 -15.91 -49.43 -205.00 -14.04
Price to Sales 0.07 0.13 0.37 0.05 0.81 1.75 1.19 1.98 7.26 0.44 1.66 6.91 3.90
Book Value Per Common Share -17.09 -16.86 -15.37 -13.60 -12.39 -1.14 -2.31 -2.09 -1.99 -1.90 -1.79 -1.54 -1.51 -1.41 -1.22 -1.08 -1.06 6.27 5.02 7.30
Price to Book -0.29 -0.31 -0.51 -0.36 -0.30 -5.30 -3.04 -5.89 -8.13 -9.19 -16.64 -12.15 -4.64 -12.26 -30.18 -34.16 -38.79
Price to Operating Cash Flow 1.42 2.57 -7.28 -1.28 -130.02 -21.71 -36.41 -22.39 -29.97 -3.76 -15.68 -22.49 -108.12
Price to Free Cash Flow
Enterprise Value to EBITDA 18772.85 32002.60 110258.67 5940.93 133702.83 352882.76 168232.97 270826.50 1255491.71 147958.84 622487.01 2704827.77

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY
Revenue YoY -22.20 -13.09 35.85 19.83
EBITDA YoY -27.45 92.47 223.78 -72.62
Net Profit YoY -21.88
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
Revenue YoY 67.24 88.26 38.55 99.33 54.65 116.01 52.55 95.01 95.00 141.91
EBITDA YoY 65.77 127.55 38.97 272.10 49.02 173.80 70.18 103.74 -78.21
Net Profit YoY 1.47 257.89 -99.16

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 4.19 1.03 1.04 0.62 13.84
Quick Ratio 0.50 0.87 0.80 0.67
Current Ratio 0.81 1.25 1.29 1.01
Debt to Equity -7.20 -8.66 1.50 1.28 9.95
Long-Term Debt to Equity -3.84 -5.62 1.16 0.91
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 2.69 2.54 2.54 3.68 4.56 0.96 0.49 1.02 0.71 0.37 0.21 1.02 0.34 0.33 0.37 0.61 0.83 0.23 0.70 9.07
Quick Ratio 0.31 0.32 0.23 0.50 0.52 0.89 0.88 0.87 0.62 0.52 0.72 0.80 0.71 0.64 0.69 0.67 0.92 0.07 0.04
Current Ratio 0.43 0.46 0.44 0.81 0.85 1.37 1.23 1.25 0.99 0.86 1.30 1.29 1.09 1.04 1.08 1.01 1.11 1.10 1.08
Debt to Equity -5.40 -5.71 -6.14 -7.20 -8.16 -9.16 -8.01 -8.66 1.45 1.42 1.38 1.50 1.38 1.37 1.28 1.28 77.30 12.40 13.85 9.95
Long-Term Debt to Equity -0.71 -1.09 -1.12 -3.84 -4.43 -6.53 -5.42 -5.62 0.84 0.74 0.97 1.16 0.98 0.99 0.93 0.91 43.11 1.32 1.17

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA -3.88 -3.37 0.16 0.23 -1.36
ROE 24.08 25.83 0.40 0.53 -14.94
Gross Margin 18.86 15.18 20.22 23.17 41.49
Operating Margin 3.73 2.49 0.67 -1.76 5.37
EBITDA Margin 6.70 7.18 3.24 1.36 5.96
Net Profit Margin -3.13 -2.47 0.31 0.53 -9.15
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 -5.83 -4.97 -2.82 -2.01 -0.33 -1.84 -0.86 -0.61 -0.31 0.23 0.24 0.07 -18.24 -0.16 0.20
ROE 25.61 23.40 14.51 14.37 2.72 12.93 -2.12 -1.48 -0.73 0.55 0.56 0.15 -1428.21 -2.11 2.92
Gross Margin 16.31 17.65 16.59 18.66 18.18 15.42 16.26 16.21 17.27 18.44 18.01 16.33 15.05 16.10 17.75
Operating Margin 1.48 1.20 0.56 4.18 4.51 0.15 2.37 2.08 2.67 0.43 0.09 0.02 -3.70 -6.91 -11.64
EBITDA Margin 4.12 4.16 3.44 9.42 9.39 5.03 7.18 7.46 5.88 3.02 2.71 2.59 -0.49 -3.59 -8.03
Net Profit Margin -6.16 -8.58 -8.94 -2.07 -0.48 -5.52 -1.84 -1.98 -2.08 0.56 0.84 0.46 -27.49 -2.62 7.33

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 891,100.00 1,043,600.00 3,089,800.00 2,765,700.00 6,742,800.00
   Current Assets 390,900.00 517,900.00 536,400.00 442,600.00 0
      Cash and Short-Term Investments 48,800.00 80,800.00 80,700.00 47,500.00 696,100.00
            Cash and Cash Equivalents 48,800.00 80,800.00 80,700.00 47,500.00 232,300.00
            Short-Term Investments 0 0 0 0 463,800.00
      Net Receivables 194,000.00 278,400.00 254,900.00 247,100.00 184,700.00
      Inventory 20,800.00 22,400.00 18,900.00 17,000.00 9,900.00
      Other Current Assets 127,300.00 136,300.00 181,900.00 131,000.00 0
   Non-Current Assets 500,200.00 525,700.00 2,553,400.00 2,323,100.00 0
      Property, Plant, Equipment Net 197,100.00 222,500.00 266,400.00 239,500.00 158,200.00
      Goodwill 126,700.00 127,100.00 127,100.00 127,400.00 111,000.00
      Intangible Assets 172,400.00 178,900.00 190,100.00 208,400.00 174,600.00
      Long-Term Investments 0 900.00 43,600.00 44,200.00 45,900.00
      Non-Current Deferred Assets 1,600.00 2,000.00 1,700.00 3,000.00 4,400.00
      Other Non-Current Assets 2,400.00 -5,700.00 1,924,500.00 1,700,600.00 0
Liabilities 1,034,800.00 1,179,900.00 1,851,500.00 1,550,200.00 6,126,900.00
   Current Liabilities 483,000.00 413,800.00 417,200.00 439,500.00 0
      Payables and Expenses 110,100.00 80,600.00 65,400.00 93,400.00 0
            Account Payables 400.00 9,800.00 0 0 0
            Current Accrued Liabilities 109,700.00 70,800.00 65,400.00 93,400.00 0
      Short-Term Debt 186,200.00 30,500.00 30,600.00 69,500.00 0
      Other Current Liabilities 186,700.00 302,700.00 321,200.00 276,600.00 0
   Non-Current Liabilities 551,800.00 766,100.00 1,434,300.00 1,110,700.00 0
      Long-Term Debt 500,600.00 679,300.00 683,800.00 556,800.00 654,200.00
      Other Non-Current Liabilities 51,200.00 86,800.00 750,500.00 553,900.00 0
Equity -143,700.00 -136,300.00 1,238,300.00 1,215,500.00 615,900.00
   Shareholders Equity -180,400.00 -165,500.00 -121,300.00 -84,300.00 559,800.00
      Capital Stock 0 100.00 100.00 100.00 100.00
      Share Premium 350,100.00 328,200.00 330,100.00 330,600.00 355,700.00
      Retained Earnings -521,900.00 -487,300.00 -452,100.00 -416,200.00 -188,700.00
      Treasury Shares 5,400.00 5,400.00 5,300.00 5,200.00 4,200.00
      Accumulated Other Comprehensive Income -3,200.00 -1,100.00 5,900.00 6,400.00 396,900.00
   Minority Interest 21,100.00 13,800.00 30,700.00 28,100.00 40,400.00
Investments 10,800.00 5,400.00 178,500.00 168,000.00 47,983,600.00
Debt 186,200.00 30,500.00 30,600.00 69,500.00 654,200.00
Net Debt 137,400.00 0 0 22,000.00 0
Common Shares Outstanding 13,261.38 79,234.99 78,787.77 77,836.75 76,726.84
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 1,107,100.00 1,423,000.00 1,637,300.00 1,205,200.00 1,005,800.00
   Net Premiums 0 0 0 0 115,100.00
Cost Of Revenue 898,300.00 1,207,000.00 1,306,300.00 926,000.00 588,500.00
Gross Profit 208,800.00 216,000.00 331,000.00 279,200.00 417,300.00
Operating Expenses 168,800.00 189,500.00 297,800.00 300,400.00 425,500.00
   Selling, General and Administrative Expenses 160,200.00 168,700.00 180,100.00 168,300.00 181,100.00
   Other Operating Expenses 8,600.00 20,800.00 117,700.00 132,100.00 244,400.00
Operating Income 40,000.00 26,500.00 33,200.00 -21,200.00 -8,200.00
Net Non-Operating Income -73,400.00 -60,900.00 -74,300.00 -59,500.00 -19,600.00
Interest Income 77,250.00 0 0 0 0
Interest Expense 74,650.00 69,900.00 52,000.00 59,500.00 81,800.00
Net Interest 2,600.00 0 0 0 0
EBT -33,400.00 -34,400.00 -41,100.00 -80,700.00 -27,800.00
Income Tax 6,300.00 4,500.00 4,000.00 5,600.00 10,500.00
Equity Method Investments Income -2,300.00 -9,400.00 -1,300.00 -2,800.00 -3,400.00
Net Income Including Non-Controlling Interests -29,500.00 -47,400.00 11,100.00 15,100.00 -81,900.00
Net Income Non-Controlling Interests -5,100.00 12,200.00 -6,100.00 -8,700.00 -10,100.00
Net Income -34,600.00 -35,200.00 5,000.00 6,400.00 -92,000.00
EBIT 41,250.00 35,500.00 10,900.00 -21,200.00 54,000.00
Deprecation and Amortization 32,900.00 66,700.00 42,200.00 37,600.00 5,900.00
EBITDA 74,150.00 102,200.00 53,100.00 16,400.00 59,900.00
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 11,643.58 78,100.00 77,500.00 77,100.00 50,300.00
Average Shares Outstanding Diluted 11,643.58 78,100.00 77,500.00 77,100.00 50,700.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 9,100.00 26,500.00 -19,000.00 27,000.00 41,700.00
   Operating Net Income -39,700.00 -38,900.00 -42,000.00 -236,200.00 -106,800.00
   Deprecation and Amortization 32,900.00 66,700.00 42,200.00 37,600.00 5,900.00
   Deferred Income Tax 500.00 -5,300.00 1,100.00 2,000.00 8,100.00
   Share Based Compensation 3,400.00 2,200.00 2,400.00 2,400.00 2,900.00
   Change in Working Capital -216,500.00 -35,500.00 66,000.00 107,600.00 -91,300.00
   Other Operating Activities 228,500.00 37,300.00 -88,700.00 113,600.00 222,900.00
Investing Cash Flow -13,900.00 39,100.00 -45,000.00 -446,400.00 162,300.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 29,100.00 20,000.00 22,700.00 37,300.00 58,900.00
   Net Purchase/Sale of Investments Net 1,500.00 58,500.00 -700.00 -1,000.00 990,700.00
   Net Purchase/Sale of Business 0 4,000.00 4,500.00 202,500.00 232,900.00
   Other Investing Activities -44,500.00 -43,400.00 -71,500.00 -685,200.00 -1,120,200.00
Financing Cash Flow -26,500.00 -65,300.00 68,100.00 -3,300.00 -212,800.00
   Net Issuance/Repayment of Debt 247,800.00 238,700.00 300,800.00 458,100.00 177,700.00
   Net Issuance/Repurchase of Equity 33,200.00 0 0 0 27,000.00
   Dividends Paid 1,200.00 2,200.00 5,200.00 0 0
   Other Financing Activities -308,700.00 -306,200.00 -237,900.00 -461,400.00 -417,500.00
Net Change in Cash -33,000.00 100.00 34,700.00 2,200.00 38,700.00
   Cash at Beginning of Period 82,300.00 82,200.00 47,500.00 45,300.00 195,100.00
   Cash at End of Period 49,300.00 82,300.00 82,200.00 47,500.00 233,800.00
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 913,200.00 890,900.00 868,000.00 891,100.00 897,200.00 898,900.00 943,500.00 1,043,600.00 2,255,000.00 2,223,400.00 2,154,100.00 3,089,800.00 2,975,800.00 2,869,900.00 2,819,100.00 2,765,700.00 1,221,500.00 6,935,900.00 6,406,000.00 6,742,800.00
   Current Assets 420,600.00 398,400.00 371,500.00 390,900.00 399,900.00 394,900.00 428,600.00 517,900.00 552,500.00 531,200.00 486,500.00 536,400.00 544,300.00 482,300.00 476,600.00 442,600.00 592,200.00 6,287,700.00 5,920,400.00 0
      Cash and Short-Term Investments 35,500.00 33,400.00 33,300.00 48,800.00 51,000.00 80,200.00 38,400.00 80,800.00 55,700.00 28,800.00 16,600.00 80,700.00 26,200.00 25,900.00 28,400.00 47,500.00 64,100.00 18,100.00 54,200.00 696,100.00
            Cash and Cash Equivalents 35,500.00 33,400.00 33,300.00 48,800.00 51,000.00 80,200.00 38,400.00 80,800.00 55,700.00 28,800.00 16,600.00 80,700.00 26,200.00 25,900.00 28,400.00 47,500.00 64,100.00 18,100.00 54,200.00 232,300.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 463,800.00
      Net Receivables 265,600.00 242,700.00 164,500.00 194,000.00 190,800.00 178,200.00 269,300.00 278,400.00 290,900.00 294,200.00 253,700.00 254,900.00 327,900.00 271,100.00 274,400.00 247,100.00 425,000.00 364,600.00 186,400.00 184,700.00
      Inventory 18,100.00 20,700.00 19,700.00 20,800.00 21,000.00 20,900.00 21,800.00 22,400.00 18,600.00 19,900.00 21,300.00 18,900.00 20,700.00 20,100.00 19,500.00 17,000.00 17,400.00 0 0 9,900.00
      Other Current Assets 101,400.00 101,600.00 154,000.00 127,300.00 137,100.00 115,600.00 99,100.00 136,300.00 187,300.00 188,300.00 194,900.00 181,900.00 169,500.00 165,200.00 154,300.00 131,000.00 85,700.00 5,905,000.00 5,679,800.00 0
   Non-Current Assets 492,600.00 492,500.00 496,500.00 500,200.00 497,300.00 504,000.00 514,900.00 525,700.00 1,702,500.00 1,692,200.00 1,667,600.00 2,553,400.00 2,431,500.00 2,387,600.00 2,342,500.00 2,323,100.00 629,300.00 648,200.00 485,600.00 0
      Property, Plant, Equipment Net 193,800.00 190,300.00 194,600.00 197,100.00 190,100.00 196,900.00 203,800.00 222,500.00 227,000.00 259,900.00 265,700.00 266,400.00 233,700.00 232,200.00 237,000.00 239,500.00 236,300.00 245,500.00 149,300.00 158,200.00
      Goodwill 126,900.00 126,900.00 126,700.00 126,700.00 127,100.00 127,000.00 126,900.00 127,100.00 126,800.00 127,000.00 127,000.00 127,100.00 126,800.00 127,100.00 127,500.00 127,400.00 122,800.00 121,100.00 110,900.00 111,000.00
      Intangible Assets 167,000.00 168,600.00 170,400.00 172,400.00 173,400.00 175,100.00 177,100.00 178,900.00 180,800.00 182,600.00 186,100.00 190,100.00 194,300.00 198,400.00 204,200.00 208,400.00 213,100.00 222,000.00 167,100.00 174,600.00
      Long-Term Investments 0 0 0 0 0 0 0 900.00 2,400.00 2,800.00 3,100.00 43,600.00 40,800.00 47,600.00 43,900.00 44,200.00 38,100.00 41,300.00 40,900.00 45,900.00
      Non-Current Deferred Assets 1,600.00 1,600.00 1,600.00 1,600.00 2,000.00 1,900.00 1,900.00 2,000.00 1,600.00 1,700.00 1,700.00 1,700.00 2,700.00 2,800.00 3,100.00 3,000.00 2,800.00 2,000.00 2,700.00 4,400.00
      Other Non-Current Assets 3,300.00 5,100.00 3,200.00 2,400.00 4,700.00 3,100.00 5,200.00 -5,700.00 1,163,900.00 1,118,200.00 1,084,000.00 1,924,500.00 1,833,200.00 1,779,500.00 1,726,800.00 1,700,600.00 16,200.00 16,300.00 14,700.00 0
Liabilities 1,120,900.00 1,080,200.00 1,036,900.00 1,034,800.00 1,022,500.00 1,009,100.00 1,078,100.00 1,179,900.00 1,333,100.00 1,303,100.00 1,250,300.00 1,851,500.00 1,724,200.00 1,659,500.00 1,584,900.00 1,550,200.00 1,205,900.00 6,418,200.00 5,974,500.00 6,126,900.00
   Current Liabilities 974,300.00 873,100.00 847,600.00 483,000.00 468,000.00 289,300.00 349,000.00 413,800.00 557,700.00 618,900.00 374,500.00 417,200.00 498,100.00 461,700.00 441,500.00 439,500.00 533,400.00 5,734,300.00 5,470,300.00 0
      Payables and Expenses 110,300.00 125,700.00 107,100.00 110,100.00 93,500.00 60,300.00 50,500.00 80,600.00 66,400.00 73,300.00 45,000.00 65,400.00 88,200.00 93,300.00 86,100.00 93,400.00 99,700.00 101,900.00 78,600.00 0
            Account Payables 200.00 300.00 300.00 400.00 200.00 200.00 0 9,800.00 0 0 0 0 0 0 0 0 0 0 0 0
            Current Accrued Liabilities 110,100.00 125,400.00 106,800.00 109,700.00 93,300.00 60,100.00 50,500.00 70,800.00 66,400.00 73,300.00 45,000.00 65,400.00 88,200.00 93,300.00 86,100.00 93,400.00 99,700.00 101,900.00 78,600.00 0
      Short-Term Debt 616,400.00 477,500.00 523,500.00 186,200.00 212,000.00 50,200.00 34,200.00 30,500.00 162,800.00 222,400.00 32,900.00 30,600.00 81,400.00 73,000.00 80,100.00 69,500.00 71,100.00 70,200.00 82,800.00 0
      Other Current Liabilities 247,600.00 269,900.00 217,000.00 186,700.00 162,500.00 178,800.00 264,300.00 302,700.00 328,500.00 323,200.00 296,600.00 321,200.00 328,500.00 295,400.00 275,300.00 276,600.00 362,600.00 5,562,200.00 5,308,900.00 0
   Non-Current Liabilities 146,600.00 207,100.00 189,300.00 551,800.00 554,500.00 719,800.00 729,100.00 766,100.00 775,400.00 684,200.00 875,800.00 1,434,300.00 1,226,100.00 1,197,800.00 1,143,400.00 1,110,700.00 672,500.00 683,900.00 504,200.00 0
      Long-Term Debt 97,300.00 160,100.00 139,900.00 500,600.00 502,400.00 638,300.00 641,500.00 679,300.00 586,800.00 519,600.00 664,300.00 683,800.00 627,900.00 594,100.00 601,000.00 556,800.00 602,800.00 876,300.00 745,700.00 654,200.00
      Other Non-Current Liabilities 49,300.00 47,000.00 49,400.00 51,200.00 52,100.00 81,500.00 87,600.00 86,800.00 188,600.00 164,600.00 211,500.00 750,500.00 598,200.00 603,700.00 542,400.00 553,900.00 69,700.00 -192,400.00 -241,500.00 0
Equity -207,700.00 -189,300.00 -168,900.00 -143,700.00 -125,300.00 -110,200.00 -134,600.00 -136,300.00 921,900.00 920,300.00 903,800.00 1,238,300.00 1,251,600.00 1,210,400.00 1,234,200.00 1,215,500.00 15,600.00 517,700.00 431,500.00 615,900.00
   Shareholders Equity -233,300.00 -224,800.00 -204,200.00 -180,400.00 -163,100.00 -149,000.00 -184,400.00 -165,500.00 -157,900.00 -150,900.00 -141,100.00 -121,300.00 -118,400.00 -110,700.00 -95,900.00 -84,300.00 -82,200.00 488,300.00 389,600.00 559,800.00
      Capital Stock 0 0 0 0 0 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
      Share Premium 349,800.00 349,200.00 350,700.00 350,100.00 348,400.00 348,300.00 327,700.00 328,200.00 327,800.00 327,000.00 326,800.00 330,100.00 330,200.00 330,700.00 330,800.00 330,600.00 331,200.00 354,800.00 355,700.00 355,700.00
      Retained Earnings -575,100.00 -566,200.00 -546,400.00 -521,900.00 -505,300.00 -490,300.00 -504,700.00 -487,300.00 -478,000.00 -471,000.00 -461,100.00 -452,100.00 -446,400.00 -441,000.00 -428,600.00 -416,200.00 -411,500.00 -199,600.00 -176,100.00 -188,700.00
      Treasury Shares 5,600.00 5,600.00 5,500.00 5,400.00 5,400.00 5,400.00 5,400.00 5,400.00 5,400.00 5,400.00 5,400.00 5,300.00 5,200.00 5,200.00 5,200.00 5,200.00 5,200.00 5,200.00 5,200.00 4,200.00
      Accumulated Other Comprehensive Income -2,400.00 -2,200.00 -3,000.00 -3,200.00 -800.00 -1,700.00 -2,100.00 -1,100.00 -2,400.00 -1,600.00 -1,500.00 5,900.00 2,900.00 4,700.00 7,000.00 6,400.00 3,200.00 338,200.00 215,100.00 396,900.00
   Minority Interest 17,400.00 18,400.00 19,900.00 21,100.00 22,000.00 22,900.00 11,200.00 13,800.00 22,700.00 22,800.00 23,000.00 30,700.00 26,900.00 26,600.00 26,600.00 28,100.00 27,500.00 23,200.00 23,900.00 40,400.00
Investments 5,400.00 13,200.00 12,300.00 10,800.00 5,400.00 5,400.00 5,400.00 5,400.00 21,000.00 22,200.00 23,100.00 178,500.00 173,100.00 176,700.00 180,600.00 168,000.00 149,700.00 159,300.00 158,100.00 47,983,600.00
Debt 616,400.00 477,500.00 523,500.00 186,200.00 212,000.00 50,200.00 34,200.00 30,500.00 162,800.00 222,400.00 32,900.00 30,600.00 81,400.00 73,000.00 80,100.00 69,500.00 71,100.00 70,200.00 82,800.00 654,200.00
Net Debt 580,900.00 444,100.00 490,200.00 137,400.00 161,000.00 0 0 0 107,100.00 193,600.00 16,300.00 0 55,200.00 47,100.00 51,700.00 22,000.00 7,000.00 52,100.00 28,600.00 0
Common Shares Outstanding 13,655.06 13,336.15 13,283.22 13,261.38 13,166.06 130,529.93 79,885.93 79,234.99 79,234.99 79,234.99 79,049.42 78,787.77 78,395.00 78,440.29 78,432.54 77,836.75 77,768.12 77,823.94 77,564.27 76,726.84
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 863,300.00 516,200.00 274,200.00 -706,900.00 870,500.00 628,300.00 315,200.00 -643,600.00 1,062,000.00 686,700.00 317,900.00 -808,500.00 1,228,000.00 805,000.00 412,800.00 -192,600.00 810,400.00 415,600.00 171,800.00
Cost Of Revenue 722,500.00 425,100.00 228,700.00 -590,500.00 708,100.00 514,100.00 266,600.00 -520,700.00 889,300.00 575,400.00 263,000.00 -700,600.00 1,001,500.00 660,000.00 345,400.00 -252,400.00 688,400.00 348,700.00 141,300.00
Gross Profit 140,800.00 91,100.00 45,500.00 -116,400.00 162,400.00 114,200.00 48,600.00 -122,900.00 172,700.00 111,300.00 54,900.00 -107,900.00 226,500.00 145,000.00 67,400.00 59,800.00 122,000.00 66,900.00 30,500.00
Operating Expenses 126,400.00 82,800.00 42,100.00 -84,500.00 124,900.00 82,600.00 45,800.00 -164,900.00 165,700.00 119,800.00 68,900.00 -133,200.00 219,600.00 144,700.00 66,700.00 -13,000.00 157,000.00 104,100.00 52,300.00
   Selling, General and Administrative Expenses 112,500.00 72,900.00 37,800.00 -81,500.00 119,800.00 82,400.00 39,500.00 -82,400.00 126,600.00 82,800.00 41,700.00 -77,500.00 130,300.00 84,700.00 42,600.00 -66,300.00 120,900.00 76,600.00 37,100.00
   Other Operating Expenses 13,900.00 9,900.00 4,300.00 -3,000.00 5,100.00 200.00 6,300.00 -82,500.00 39,100.00 37,000.00 27,200.00 -55,700.00 89,300.00 60,000.00 24,100.00 53,300.00 36,100.00 27,500.00 15,200.00
Operating Income 14,400.00 8,300.00 3,400.00 -31,900.00 37,500.00 31,600.00 2,800.00 42,000.00 7,000.00 -8,500.00 -14,000.00 25,300.00 6,900.00 300.00 700.00 72,800.00 -35,000.00 -37,200.00 -21,800.00
Net Non-Operating Income -66,600.00 -43,800.00 -22,100.00 39,200.00 -56,000.00 -37,000.00 -19,600.00 -26,600.00 -32,100.00 -9,100.00 6,900.00 3,600.00 -40,000.00 -24,700.00 -13,200.00 28,200.00 -42,000.00 -25,700.00 -20,000.00
Interest Income 65,600.00 42,175.00 20,637.50 77,250.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Expense 65,000.00 41,675.00 20,237.50 -31,262.50 54,925.00 33,725.00 17,262.50 -27,900.00 50,300.00 31,900.00 15,600.00 -24,100.00 38,400.00 25,100.00 12,600.00 -43,500.00 47,000.00 34,200.00 21,800.00
Net Interest 600.00 500.00 400.00 2,600.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
EBT -52,200.00 -35,500.00 -18,700.00 7,300.00 -18,500.00 -5,400.00 -16,800.00 15,400.00 -25,100.00 -17,600.00 -7,100.00 28,900.00 -33,100.00 -24,400.00 -12,500.00 101,000.00 -77,000.00 -62,900.00 -41,800.00
Income Tax 4,200.00 11,300.00 7,100.00 -1,700.00 3,900.00 800.00 3,300.00 -1,700.00 3,200.00 2,100.00 900.00 -5,700.00 4,500.00 3,600.00 1,600.00 -3,000.00 3,800.00 3,700.00 1,100.00
Equity Method Investments Income -5,900.00 -5,900.00 -5,900.00 3,500.00 -2,300.00 -2,300.00 -1,200.00 4,700.00 -5,800.00 -4,300.00 -4,000.00 2,300.00 -2,100.00 -1,000.00 -500.00 6,000.00 -4,800.00 -1,900.00 -2,100.00
Net Income Including Non-Controlling Interests -50,000.00 -41,800.00 -23,200.00 14,500.00 -13,600.00 200.00 -30,600.00 6,000.00 -33,000.00 -28,700.00 8,300.00 -13,900.00 11,400.00 10,000.00 3,600.00 219,400.00 -214,900.00 -5,600.00 16,200.00
Net Income Non-Controlling Interests -3,200.00 -2,500.00 -1,300.00 -10,700.00 -4,400.00 -3,200.00 13,200.00 -1,500.00 13,500.00 15,100.00 -14,900.00 3,300.00 -4,500.00 -3,200.00 -1,700.00 8,100.00 -7,900.00 -5,300.00 -3,600.00
Net Income -53,200.00 -44,300.00 -24,500.00 3,800.00 -18,000.00 -3,000.00 -17,400.00 4,500.00 -19,500.00 -13,600.00 -6,600.00 -10,600.00 6,900.00 6,800.00 1,900.00 227,500.00 -222,800.00 -10,900.00 12,600.00
EBIT 12,800.00 6,175.00 1,537.50 -23,962.50 36,425.00 28,325.00 462.50 -12,500.00 25,200.00 14,300.00 8,500.00 4,800.00 5,300.00 700.00 100.00 57,500.00 -30,000.00 -28,700.00 -20,000.00
Deprecation and Amortization 22,800.00 15,300.00 7,900.00 -58,800.00 45,600.00 30,700.00 15,400.00 -31,500.00 51,100.00 36,900.00 10,200.00 -21,300.00 31,800.00 21,100.00 10,600.00 -8,400.00 26,000.00 13,800.00 6,200.00
EBITDA 35,600.00 21,475.00 9,437.50 -82,762.50 82,025.00 59,025.00 15,862.50 -44,000.00 76,300.00 51,200.00 18,700.00 -16,500.00 37,100.00 21,800.00 10,700.00 49,100.00 -4,000.00 -14,900.00 -13,800.00
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 13,176.04 13,130.93 13,114.80 -127,248.96 11,194.06 83,929.23 78,700.00 78,900.00 78,000.00 77,800.00 77,700.00 77,800.00 77,500.00 77,400.00 77,300.00 77,400.00 77,000.00 77,100.00 76,900.00
Average Shares Outstanding Diluted 13,176.04 13,130.93 13,114.80 -127,248.96 11,194.06 83,929.23 78,700.00 78,900.00 78,000.00 77,800.00 77,700.00 77,800.00 77,500.00 77,400.00 77,300.00 77,400.00 77,000.00 77,100.00 76,900.00
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 45,500.00 26,300.00 -14,100.00 70,700.00 -32,300.00 -3,900.00 -25,400.00 199,000.00 -34,700.00 -60,800.00 -77,000.00 337,600.00 -144,400.00 -85,400.00 -126,800.00 62,000.00 -29,200.00 -800.00 -5,000.00
   Operating Net Income -56,400.00 -46,800.00 -25,800.00 9,000.00 -22,400.00 -6,200.00 -20,100.00 17,100.00 -28,300.00 -19,700.00 -8,000.00 34,800.00 -34,700.00 -28,000.00 -14,100.00 10,700.00 -230,700.00 -16,200.00 0
   Deprecation and Amortization 22,800.00 15,300.00 7,900.00 -58,800.00 45,600.00 30,700.00 15,400.00 -31,500.00 51,100.00 36,900.00 10,200.00 -21,300.00 31,800.00 21,100.00 10,600.00 -8,400.00 26,000.00 13,800.00 6,200.00
   Deferred Income Tax -100.00 100.00 100.00 0.00 200.00 200.00 100.00 27,300.00 -10,800.00 -10,900.00 -10,900.00 -1,300.00 1,200.00 800.00 400.00 -1,000.00 1,100.00 1,300.00 600.00
   Share Based Compensation 2,200.00 1,500.00 800.00 1,100.00 1,100.00 800.00 400.00 -1,500.00 2,000.00 1,200.00 500.00 -1,400.00 1,700.00 1,300.00 800.00 -1,100.00 1,700.00 1,300.00 500.00
   Change in Working Capital 129,200.00 80,200.00 -14,500.00 416,300.00 -245,700.00 -267,800.00 -119,300.00 -85,700.00 46,700.00 37,800.00 -34,300.00 -163,200.00 141,200.00 57,100.00 30,900.00 -233,800.00 253,900.00 85,600.00 1,900.00
   Other Operating Activities -52,200.00 -24,000.00 17,400.00 -296,900.00 188,900.00 238,400.00 98,100.00 273,300.00 -95,400.00 -106,100.00 -34,500.00 490,000.00 -285,600.00 -137,700.00 -155,400.00 295,600.00 -81,200.00 -86,600.00 -14,200.00
Investing Cash Flow -15,100.00 -10,200.00 -3,900.00 -5,900.00 -4,000.00 -700.00 -3,300.00 -100,000.00 41,200.00 46,700.00 51,200.00 29,400.00 -36,600.00 -23,000.00 -14,800.00 -22,100.00 -429,800.00 -62,400.00 67,900.00
   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 1,900.00 1,500.00 5,800.00 -19,800.00 21,700.00 18,500.00 8,700.00 -7,900.00 15,400.00 8,500.00 4,000.00 -12,500.00 18,200.00 10,600.00 6,400.00 -2,500.00 27,500.00 9,100.00 3,200.00
   Net Purchase/Sale of Investments Net 300.00 300.00 300.00 2,900.00 -500.00 -500.00 -400.00 59,700.00 -400.00 -400.00 -400.00 -4,700.00 -600.00 0 4,600.00 -300.00 -900.00 -1,400.00 1,600.00
   Net Purchase/Sale of Business 0 0 0 0 2,300.00 2,300.00 1,200.00 -159,600.00 55,200.00 54,200.00 54,200.00 -4,500.00 4,500.00 4,500.00 0 -270,900.00 202,500.00 199,700.00 71,200.00
   Other Investing Activities -17,300.00 -12,000.00 -10,000.00 16,800.00 -27,500.00 -21,000.00 -12,800.00 7,800.00 -29,000.00 -15,600.00 -6,600.00 51,100.00 -58,700.00 -38,100.00 -25,800.00 251,600.00 -658,900.00 -269,800.00 -8,100.00
Financing Cash Flow -44,100.00 -32,200.00 2,400.00 -24,600.00 6,400.00 4,600.00 -12,900.00 40,600.00 -30,600.00 -37,300.00 -38,000.00 -91,100.00 73,200.00 34,800.00 51,200.00 -68,500.00 47,000.00 58,400.00 -40,200.00
   Net Issuance/Repayment of Debt 255,800.00 215,000.00 37,200.00 -62,900.00 155,500.00 117,600.00 37,600.00 -238,700.00 205,100.00 169,800.00 102,500.00 -137,500.00 295,500.00 76,800.00 66,000.00 -1,116,700.00 454,800.00 446,100.00 673,900.00
   Net Issuance/Repurchase of Equity 0 0 0 -58,200.00 33,200.00 33,200.00 25,000.00 0 0 0 0 0 0 0 0 0 0 0 0
   Dividends Paid 1,500.00 1,100.00 300.00 -600.00 900.00 600.00 300.00 -2,400.00 1,800.00 1,600.00 1,200.00 1,300.00 3,900.00 0 0 0 0 0 0
   Other Financing Activities -301,400.00 -248,300.00 -35,100.00 97,100.00 -183,200.00 -146,800.00 -75,800.00 281,700.00 -237,500.00 -208,700.00 -141,700.00 45,100.00 -226,200.00 -42,000.00 -14,800.00 1,048,200.00 -407,800.00 -387,700.00 -714,100.00
Net Change in Cash -13,200.00 -15,300.00 -15,400.00 39,800.00 -29,800.00 -600.00 -42,400.00 141,400.00 -25,100.00 -52,000.00 -64,200.00 94,400.00 -19,800.00 -20,800.00 -19,100.00 -2,900.00 18,800.00 -24,600.00 10,900.00
   Cash at Beginning of Period 49,300.00 49,300.00 49,300.00 9,500.00 82,300.00 82,300.00 82,300.00 -59,100.00 82,200.00 82,200.00 82,200.00 -12,200.00 47,500.00 47,500.00 47,500.00 50,400.00 45,300.00 45,300.00 45,300.00
   Cash at End of Period 36,100.00 34,000.00 33,900.00 49,300.00 52,500.00 81,700.00 39,900.00 82,300.00 57,100.00 30,200.00 18,000.00 82,200.00 27,700.00 26,700.00 28,400.00 47,500.00 64,100.00 20,700.00 56,200.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0