Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 8.93 7.22 29.67 76.12 -62.45
Price to Sales 0.63 0.89 0.98 1.12 1.37
Book Value Per Common Share 45.18 37.47 23.94 18.43 13.82
Price to Book 1.96 3.33 5.47 6.03 9.08
Price to Operating Cash Flow 5.73 13.14 22.01 53.65 20.85
Price to Free Cash Flow
Enterprise Value to EBITDA 59001.56 91527.05 124222.26 156378.09 351456.23
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 17.42 19.52 32.48 17.28 26.09 77.38 32.41 75.19 129.61 33.14 63.16 138.14 262.19 671.89 213.95
Price to Sales 1.16 1.34 2.26 0.90 1.51 3.48 1.31 2.08 4.57 1.11 1.75 3.74 1.33 2.50 4.56
Book Value Per Common Share 35.64 33.41 27.07 45.18 23.88 19.60 18.59 37.47 9.82 9.86 11.52 23.94 -1.17 0.07 3.25 18.43 -7.89 -7.71 -9.21 13.82
Price to Book 3.36 2.79 2.87 1.96 3.99 5.44 6.33 3.33 14.06 14.57 13.61 5.47 -90.31 1454.78 33.58 6.03 -11.96 -15.68 -13.23 9.08
Price to Operating Cash Flow 11.21 15.44 30.16 11.73 23.37 47.04 23.04 96.77 -232.75 1489.61 -40.42 -145.51 -220.23 3387.68 309.28
Price to Free Cash Flow
Enterprise Value to EBITDA 85883.09 96846.65 163000.38 81888.21 125315.44 327881.87 127978.41 236288.60 457555.51 133048.96 218843.10 430372.97 343237.75 284565.11 474250.43

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY -42.60 292.29 202.05
Revenue YoY -2.23 5.27 35.45 8.83
EBITDA YoY 8.20 27.27 49.25 99.00
Net Profit YoY -43.62 291.94 202.44
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 43.93 100.00 597400.00 34.72 169.08 138081.82 123.04 57.85 95.12 107.59 100.00 -68.42
Revenue YoY 48.19 103.75 50.33 108.68 52.00 101.65 61.58 103.67 46.53 81.77
EBITDA YoY 44.87 102.31 36.60 137.37 75.00 77.32 68.42 87.32 -35.29 65.28
Net Profit YoY 43.85 100.00 -46.72 -45.07 69.05 -86.54 500.00 -41.18 95.65 109.09 120.00 100.00 -68.75

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 22.79 18.54 18.72 16.36 18.06
Quick Ratio 1.32 1.28 1.16 1.18 1.20
Current Ratio 1.74 1.74 1.65 1.67 1.63
Debt to Equity -0.26 -0.17 0.10 0.28 0.61
Long-Term Debt to Equity -0.49 -0.45 -0.36 -0.21 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 28.06 24.65 24.26 23.13 20.18 18.55 18.37 18.81 17.27 16.29 17.27 18.65 13.06 11.64 14.54 16.36 14.32 16.79 17.42 18.00
Quick Ratio 1.42 1.41 1.37 1.32 1.36 1.36 1.24 1.28 1.23 1.25 1.23 1.16 1.12 1.15 1.11 1.18 1.16 1.19 1.23 1.20
Current Ratio 1.89 1.87 1.83 1.74 1.82 1.85 1.74 1.74 1.71 1.75 1.73 1.65 1.63 1.75 1.71 1.67 1.73 1.65 1.67 1.63
Debt to Equity -0.29 -0.28 -0.27 -0.26 -0.22 -0.22 -0.17 -0.17 0.01 0.03 0.03 0.10 0.26 0.20 0.23 0.28 0.49 0.55 0.56 0.61
Long-Term Debt to Equity -0.50 -0.49 -0.50 -0.49 -0.48 -0.47 -0.46 -0.45 -0.39 -0.38 -0.38 -0.36 -0.27 -0.25 -0.24 -0.21 -0.03 0.00 0.00 0.03

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 9.57 17.82 5.06 1.84 -2.47
ROE 7.12 14.80 5.58 2.35 -3.98
Gross Margin 13.74 12.32 9.80 9.16 9.62
Operating Margin 8.10 6.93 5.03 3.28 -0.16
EBITDA Margin 10.58 9.56 7.91 7.18 3.92
Net Profit Margin 7.09 12.29 3.30 1.48 -2.20
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
ROA 5.75 4.07 2.17 1.35 2.60 1.53 5.09 0.86 1.41 3.87 2.14 0.98 0.49 0.24 0.74
ROE 4.06 2.94 1.58 1.05 2.02 1.27 5.16 0.88 1.46 4.86 2.58 1.21 0.72 0.37 1.15
Gross Margin 14.54 14.66 14.78 13.56 13.66 12.75 12.04 10.97 11.38 9.44 9.00 9.29 7.80 7.96 9.79
Operating Margin 10.67 11.09 11.24 8.54 9.71 8.25 7.49 6.00 7.03 5.39 4.86 5.38 -0.25 4.72 6.03
EBITDA Margin 13.51 13.82 13.92 10.97 12.07 10.61 10.16 8.82 10.03 8.32 7.98 8.68 3.88 8.78 9.65
Net Profit Margin 6.63 6.83 6.96 1.33 3.65 4.50 4.05 1.03 3.52 3.34 2.76 2.69 0.50 0.37 2.14

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 2,862,000.00 2,727,000.00 2,450,000.00 2,234,000.00 2,271,000.00
   Current Assets 1,596,000.00 1,616,000.00 1,710,000.00 1,424,000.00 1,341,000.00
      Cash and Short-Term Investments 629,000.00 521,000.00 526,000.00 458,000.00 504,000.00
            Cash and Cash Equivalents 629,000.00 521,000.00 526,000.00 458,000.00 504,000.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 578,000.00 666,000.00 672,000.00 549,000.00 484,000.00
      Inventory 283,000.00 298,000.00 348,000.00 262,000.00 177,000.00
      Other Current Assets 106,000.00 131,000.00 164,000.00 155,000.00 176,000.00
   Non-Current Assets 1,266,000.00 1,111,000.00 740,000.00 810,000.00 930,000.00
      Property, Plant, Equipment Net 552,000.00 527,000.00 488,000.00 527,000.00 878,000.00
      Goodwill 0 0 0 0 0
      Intangible Assets 159,000.00 204,000.00 195,000.00 200,000.00 194,000.00
      Long-Term Investments 27,000.00 35,000.00 49,000.00 54,000.00 60,000.00
      Non-Current Deferred Assets 8,000.00 6,000.00 11,000.00 13,000.00 10,000.00
      Other Non-Current Assets 520,000.00 339,000.00 -3,000.00 16,000.00 -212,000.00
Liabilities -987,000.00 -557,000.00 227,000.00 486,000.00 864,000.00
   Current Liabilities 916,000.00 931,000.00 1,035,000.00 852,000.00 824,000.00
      Payables and Expenses 612,000.00 650,000.00 747,000.00 602,000.00 583,000.00
            Account Payables 505,000.00 551,000.00 657,000.00 522,000.00 500,000.00
            Current Accrued Liabilities 107,000.00 99,000.00 90,000.00 80,000.00 83,000.00
      Short-Term Debt 47,000.00 48,000.00 42,000.00 32,000.00 32,000.00
      Other Current Liabilities 257,000.00 233,000.00 246,000.00 218,000.00 209,000.00
   Non-Current Liabilities -1,903,000.00 -1,488,000.00 -808,000.00 -366,000.00 40,000.00
      Long-Term Debt 379,000.00 397,000.00 435,000.00 466,000.00 495,000.00
      Other Non-Current Liabilities -2,282,000.00 -1,885,000.00 -1,243,000.00 -832,000.00 -455,000.00
Equity 3,849,000.00 3,284,000.00 2,223,000.00 1,748,000.00 1,407,000.00
   Shareholders Equity 1,229,000.00 1,038,000.00 675,000.00 516,000.00 387,000.00
      Capital Stock 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
      Share Premium 1,376,000.00 1,356,000.00 1,352,000.00 1,349,000.00 1,348,000.00
      Retained Earnings 2,548,000.00 2,274,000.00 1,788,000.00 1,664,000.00 1,623,000.00
      Treasury Shares 2,390,000.00 2,339,000.00 2,253,000.00 2,269,000.00 2,281,000.00
      Accumulated Other Comprehensive Income -918,000.00 -762,000.00 -639,000.00 -687,000.00 -912,000.00
   Minority Interest 81,000.00 85,000.00 99,000.00 100,000.00 123,000.00
Investments 27,000.00 35,000.00 49,000.00 54,000.00 60,000.00
Debt 426,000.00 445,000.00 477,000.00 498,000.00 527,000.00
Net Debt 0 0 0 40,000.00 23,000.00
Common Shares Outstanding 27,200.00 27,700.00 28,200.00 28,000.00 28,000.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 3,866,000.00 3,954,000.00 3,756,000.00 2,773,000.00 2,548,000.00
Cost Of Revenue 3,335,000.00 3,467,000.00 3,388,000.00 2,519,000.00 2,303,000.00
Interest Income 32,000.00 27,000.00 18,000.00 12,000.00 21,000.00
Interest Expense 15,000.00 17,000.00 14,000.00 10,000.00 16,000.00
Net Interest 17,000.00 10,000.00 4,000.00 2,000.00 5,000.00
Provisions for Credit Losses 3,000.00 2,000.00 1,000.00 0 1,000.00
Gross Profit 531,000.00 487,000.00 368,000.00 254,000.00 245,000.00
   Selling, General and Administrative Expenses 207,000.00 207,000.00 188,000.00 175,000.00 193,000.00
   Research and Development Expenses 191,000.00 210,000.00 196,000.00 191,000.00 201,000.00
EBT 298,000.00 257,000.00 175,000.00 81,000.00 -20,000.00
Income Tax 14,000.00 248,000.00 45,000.00 31,000.00 28,000.00
Net Income Including Non-Controlling Interests 264,000.00 467,000.00 118,000.00 32,000.00 -64,000.00
Net Income Non-Controlling Interests 10,000.00 19,000.00 6,000.00 9,000.00 8,000.00
Net Income 274,000.00 486,000.00 124,000.00 41,000.00 -56,000.00
EBIT 313,000.00 274,000.00 189,000.00 91,000.00 -4,000.00
Deprecation and Amortization 96,000.00 104,000.00 108,000.00 108,000.00 104,000.00
EBITDA 409,000.00 378,000.00 297,000.00 199,000.00 100,000.00
EPS 0.01 0.02 0.00 0.00 -0.00
Diluted EPS 0.01 0.02 0.00 0.00 -0.00
Average Shares Outstanding Basic 27,600.00 28,100.00 28,100.00 28,000.00 27,900.00
Average Shares Outstanding Diluted 27,900.00 28,500.00 28,500.00 28,400.00 27,900.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 427,000.00 267,000.00 167,000.00 58,000.00 168,000.00
   Operating Net Income 842,000.00 1,496,000.00 384,000.00 141,000.00 -152,000.00
   Deprecation and Amortization 96,000.00 104,000.00 108,000.00 108,000.00 104,000.00
   Deferred Income Tax -64,000.00 -321,000.00 -1,000.00 0 7,000.00
   Share Based Compensation 41,000.00 34,000.00 26,000.00 18,000.00 18,000.00
   Change in Working Capital -102,000.00 -188,000.00 397,000.00 209,000.00 -118,000.00
   Other Operating Activities -386,000.00 -858,000.00 -747,000.00 -418,000.00 309,000.00
Investing Cash Flow -189,000.00 -123,000.00 -68,000.00 -63,000.00 -98,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 0 0 0 0 0
   Net Purchase/Sale of Investments Net -3,000.00 -3,000.00 4,000.00 -2,000.00 4,000.00
   Net Purchase/Sale of Business 55,000.00 1,000.00 3,000.00 5,000.00 0
   Net Loan & Lease Activity 36,000.00 36,000.00 33,000.00 37,000.00 40,000.00
   Other Investing Activities -277,000.00 -157,000.00 -108,000.00 -103,000.00 -142,000.00
Financing Cash Flow -100,000.00 -156,000.00 -9,000.00 -29,000.00 -58,000.00
   Net Issuance/Repayment of Debt 0 0 696,000.00 4,000.00 763,000.00
   Net Issuance/Repurchase of Equity 64,000.00 120,000.00 0 336,000.00 16,000.00
   Dividends Paid 12,000.00 29,000.00 2,000.00 35,000.00 7,000.00
   Other Financing Activities -176,000.00 -305,000.00 -707,000.00 -404,000.00 -844,000.00
Net Change in Cash 108,000.00 -5,000.00 68,000.00 -45,000.00 31,000.00
   Cash at Beginning of Period 518,000.00 523,000.00 455,000.00 500,000.00 469,000.00
   Cash at End of Period 626,000.00 518,000.00 523,000.00 455,000.00 500,000.00
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 3,254,000.00 3,192,000.00 2,997,000.00 2,862,000.00 2,893,000.00 2,731,000.00 2,739,000.00 2,727,000.00 2,357,000.00 2,321,000.00 2,405,000.00 2,450,000.00 2,326,000.00 2,146,000.00 2,243,000.00 2,234,000.00 2,060,000.00 2,122,000.00 2,171,000.00 2,271,000.00
   Current Assets 1,778,000.00 1,723,000.00 1,697,000.00 1,596,000.00 1,702,000.00 1,641,000.00 1,630,000.00 1,616,000.00 1,622,000.00 1,597,000.00 1,664,000.00 1,710,000.00 1,594,000.00 1,399,000.00 1,451,000.00 1,424,000.00 1,233,000.00 1,244,000.00 1,292,000.00 1,341,000.00
      Cash and Short-Term Investments 766,000.00 673,000.00 660,000.00 629,000.00 557,000.00 512,000.00 507,000.00 521,000.00 487,000.00 461,000.00 487,000.00 526,000.00 367,000.00 327,000.00 407,000.00 458,000.00 401,000.00 470,000.00 486,000.00 504,000.00
            Cash and Cash Equivalents 766,000.00 673,000.00 660,000.00 629,000.00 557,000.00 512,000.00 507,000.00 521,000.00 487,000.00 461,000.00 487,000.00 526,000.00 367,000.00 327,000.00 407,000.00 458,000.00 401,000.00 470,000.00 486,000.00 504,000.00
            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 574,000.00 621,000.00 613,000.00 578,000.00 719,000.00 695,000.00 652,000.00 666,000.00 679,000.00 678,000.00 695,000.00 672,000.00 733,000.00 593,000.00 539,000.00 549,000.00 423,000.00 426,000.00 466,000.00 484,000.00
      Inventory 313,000.00 296,000.00 310,000.00 283,000.00 321,000.00 311,000.00 342,000.00 298,000.00 318,000.00 329,000.00 358,000.00 348,000.00 341,000.00 306,000.00 331,000.00 262,000.00 253,000.00 210,000.00 188,000.00 177,000.00
      Other Current Assets 125,000.00 133,000.00 114,000.00 106,000.00 105,000.00 123,000.00 129,000.00 131,000.00 138,000.00 129,000.00 124,000.00 164,000.00 153,000.00 173,000.00 174,000.00 155,000.00 156,000.00 138,000.00 152,000.00 176,000.00
   Non-Current Assets 1,476,000.00 1,469,000.00 1,300,000.00 1,266,000.00 1,191,000.00 1,090,000.00 1,109,000.00 1,111,000.00 735,000.00 724,000.00 741,000.00 740,000.00 732,000.00 747,000.00 792,000.00 810,000.00 827,000.00 878,000.00 879,000.00 930,000.00
      Property, Plant, Equipment Net 620,000.00 613,000.00 590,000.00 552,000.00 541,000.00 527,000.00 535,000.00 527,000.00 492,000.00 489,000.00 492,000.00 488,000.00 456,000.00 472,000.00 507,000.00 527,000.00 541,000.00 567,000.00 576,000.00 878,000.00
      Goodwill 29,000.00 31,000.00 34,000.00 0 35,000.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Intangible Assets 210,000.00 205,000.00 165,000.00 159,000.00 160,000.00 122,000.00 202,000.00 204,000.00 192,000.00 192,000.00 196,000.00 195,000.00 191,000.00 197,000.00 202,000.00 200,000.00 197,000.00 195,000.00 193,000.00 194,000.00
      Long-Term Investments 27,000.00 25,000.00 29,000.00 27,000.00 27,000.00 25,000.00 30,000.00 35,000.00 36,000.00 37,000.00 44,000.00 49,000.00 51,000.00 57,000.00 58,000.00 54,000.00 49,000.00 63,000.00 57,000.00 60,000.00
      Non-Current Deferred Assets 0 0 0 8,000.00 0 0 0 6,000.00 0 0 0 11,000.00 0 0 0 13,000.00 0 0 0 10,000.00
      Other Non-Current Assets 590,000.00 595,000.00 482,000.00 520,000.00 428,000.00 416,000.00 342,000.00 339,000.00 15,000.00 6,000.00 9,000.00 -3,000.00 34,000.00 21,000.00 25,000.00 16,000.00 40,000.00 53,000.00 53,000.00 -212,000.00
Liabilities -1,353,000.00 -1,226,000.00 -1,110,000.00 -987,000.00 -838,000.00 -778,000.00 -578,000.00 -557,000.00 31,000.00 60,000.00 71,000.00 227,000.00 473,000.00 362,000.00 418,000.00 486,000.00 675,000.00 754,000.00 775,000.00 864,000.00
   Current Liabilities 941,000.00 921,000.00 927,000.00 916,000.00 937,000.00 887,000.00 938,000.00 931,000.00 948,000.00 911,000.00 964,000.00 1,035,000.00 980,000.00 801,000.00 849,000.00 852,000.00 711,000.00 755,000.00 775,000.00 824,000.00
      Payables and Expenses 644,000.00 645,000.00 646,000.00 612,000.00 645,000.00 610,000.00 650,000.00 650,000.00 681,000.00 638,000.00 682,000.00 747,000.00 724,000.00 557,000.00 607,000.00 602,000.00 490,000.00 497,000.00 555,000.00 583,000.00
            Account Payables 533,000.00 557,000.00 556,000.00 505,000.00 547,000.00 529,000.00 566,000.00 551,000.00 595,000.00 564,000.00 605,000.00 657,000.00 645,000.00 490,000.00 539,000.00 522,000.00 416,000.00 427,000.00 486,000.00 500,000.00
            Current Accrued Liabilities 111,000.00 88,000.00 90,000.00 107,000.00 98,000.00 81,000.00 84,000.00 99,000.00 86,000.00 74,000.00 77,000.00 90,000.00 79,000.00 67,000.00 68,000.00 80,000.00 74,000.00 70,000.00 69,000.00 83,000.00
      Short-Term Debt 39,000.00 39,000.00 40,000.00 47,000.00 47,000.00 49,000.00 49,000.00 48,000.00 48,000.00 51,000.00 51,000.00 42,000.00 36,000.00 27,000.00 28,000.00 32,000.00 34,000.00 37,000.00 31,000.00 32,000.00
      Other Current Liabilities 258,000.00 237,000.00 241,000.00 257,000.00 245,000.00 228,000.00 239,000.00 233,000.00 219,000.00 222,000.00 231,000.00 246,000.00 220,000.00 217,000.00 214,000.00 218,000.00 187,000.00 221,000.00 189,000.00 209,000.00
   Non-Current Liabilities -2,294,000.00 -2,147,000.00 -2,037,000.00 -1,903,000.00 -1,775,000.00 -1,665,000.00 -1,516,000.00 -1,488,000.00 -917,000.00 -851,000.00 -893,000.00 -808,000.00 -507,000.00 -439,000.00 -431,000.00 -366,000.00 -36,000.00 -1,000.00 0.00 40,000.00
      Long-Term Debt 403,000.00 403,000.00 409,000.00 379,000.00 385,000.00 392,000.00 403,000.00 397,000.00 410,000.00 420,000.00 430,000.00 435,000.00 437,000.00 452,000.00 460,000.00 466,000.00 474,000.00 481,000.00 486,000.00 495,000.00
      Other Non-Current Liabilities -2,697,000.00 -2,550,000.00 -2,446,000.00 -2,282,000.00 -2,160,000.00 -2,057,000.00 -1,919,000.00 -1,885,000.00 -1,327,000.00 -1,271,000.00 -1,323,000.00 -1,243,000.00 -944,000.00 -891,000.00 -891,000.00 -832,000.00 -510,000.00 -482,000.00 0 -455,000.00
Equity 4,607,000.00 4,418,000.00 4,107,000.00 3,849,000.00 3,731,000.00 3,509,000.00 3,317,000.00 3,284,000.00 2,326,000.00 2,261,000.00 2,334,000.00 2,223,000.00 1,853,000.00 1,784,000.00 1,825,000.00 1,748,000.00 1,385,000.00 1,368,000.00 1,396,000.00 1,407,000.00
   Shareholders Equity 973,000.00 912,000.00 739,000.00 1,229,000.00 659,000.00 541,000.00 513,000.00 1,038,000.00 274,000.00 279,000.00 326,000.00 675,000.00 -33,000.00 2,000.00 91,000.00 516,000.00 -221,000.00 -216,000.00 -258,000.00 387,000.00
      Capital Stock 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
      Share Premium 1,389,000.00 1,378,000.00 1,368,000.00 1,376,000.00 1,369,000.00 1,360,000.00 1,350,000.00 1,356,000.00 1,349,000.00 1,341,000.00 1,334,000.00 1,352,000.00 1,351,000.00 1,345,000.00 1,339,000.00 1,349,000.00 1,344,000.00 1,341,000.00 1,337,000.00 1,348,000.00
      Retained Earnings 2,727,000.00 2,678,000.00 2,613,000.00 2,548,000.00 2,426,000.00 2,387,000.00 2,316,000.00 2,274,000.00 1,908,000.00 1,842,000.00 1,822,000.00 1,788,000.00 1,754,000.00 1,710,000.00 1,686,000.00 1,664,000.00 1,633,000.00 1,628,000.00 1,639,000.00 1,623,000.00
      Treasury Shares 2,379,000.00 2,380,000.00 2,382,000.00 2,390,000.00 2,348,000.00 2,349,000.00 2,350,000.00 2,339,000.00 2,309,000.00 2,266,000.00 2,240,000.00 2,253,000.00 2,257,000.00 2,259,000.00 2,260,000.00 2,269,000.00 2,269,000.00 2,271,000.00 2,272,000.00 2,281,000.00
      Accumulated Other Comprehensive Income -255,000.00 -255,000.00 -287,000.00 -918,000.00 -263,000.00 -286,000.00 -268,000.00 -762,000.00 -225,000.00 -213,000.00 -197,000.00 -639,000.00 -294,000.00 -265,000.00 -225,000.00 -687,000.00 -310,000.00 -305,000.00 -321,000.00 -912,000.00
   Minority Interest 79,000.00 76,000.00 84,000.00 81,000.00 88,000.00 85,000.00 85,000.00 85,000.00 77,000.00 73,000.00 87,000.00 99,000.00 94,000.00 94,000.00 101,000.00 100,000.00 94,000.00 93,000.00 122,000.00 123,000.00
Investments 27,000.00 25,000.00 29,000.00 27,000.00 27,000.00 25,000.00 30,000.00 35,000.00 36,000.00 37,000.00 44,000.00 49,000.00 51,000.00 57,000.00 58,000.00 54,000.00 49,000.00 63,000.00 57,000.00 60,000.00
Debt 442,000.00 442,000.00 449,000.00 426,000.00 432,000.00 441,000.00 452,000.00 445,000.00 458,000.00 471,000.00 481,000.00 477,000.00 473,000.00 479,000.00 488,000.00 498,000.00 508,000.00 518,000.00 517,000.00 527,000.00
Net Debt 0 0 0 0 0 0 0 0 0 10,000.00 0 0 106,000.00 152,000.00 81,000.00 40,000.00 107,000.00 48,000.00 31,000.00 23,000.00
Common Shares Outstanding 27,300.00 27,300.00 27,300.00 27,200.00 0 0 27,600.00 27,700.00 27,900.00 0 28,300.00 28,200.00 28,100.00 28,100.00 28,000.00 28,000.00 28,000.00 28,000.00 28,000.00 28,000.00
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 2,820,000.00 1,903,000.00 934,000.00 -1,941,000.00 2,927,000.00 1,947,000.00 933,000.00 -1,927,000.00 2,964,000.00 1,950,000.00 967,000.00 -1,420,000.00 2,692,000.00 1,666,000.00 818,000.00 -1,316,000.00 1,987,000.00 1,356,000.00 746,000.00
Cost Of Revenue 2,410,000.00 1,624,000.00 796,000.00 -1,690,000.00 2,530,000.00 1,681,000.00 814,000.00 -1,733,000.00 2,607,000.00 1,736,000.00 857,000.00 -1,308,000.00 2,438,000.00 1,516,000.00 742,000.00 -1,234,000.00 1,832,000.00 1,248,000.00 673,000.00
Interest Income 26,000.00 17,000.00 7,000.00 -16,000.00 24,000.00 16,000.00 8,000.00 -11,000.00 19,000.00 12,000.00 7,000.00 -8,000.00 13,000.00 9,000.00 4,000.00 -10,000.00 10,000.00 8,000.00 4,000.00
Interest Expense 10,000.00 7,000.00 3,000.00 -9,000.00 12,000.00 8,000.00 4,000.00 -10,000.00 13,000.00 9,000.00 5,000.00 -6,000.00 10,000.00 7,000.00 3,000.00 -7,000.00 8,000.00 6,000.00 3,000.00
Net Interest 16,000.00 10,000.00 4,000.00 -7,000.00 12,000.00 8,000.00 4,000.00 -1,000.00 6,000.00 3,000.00 2,000.00 -2,000.00 3,000.00 2,000.00 1,000.00 -3,000.00 2,000.00 2,000.00 1,000.00
Provisions for Credit Losses 0 0 0 3,000.00 0 0 0 2,000.00 0 0 0 1,000.00 0 0 0 0 0 0 0
Gross Profit 410,000.00 279,000.00 138,000.00 -251,000.00 397,000.00 266,000.00 119,000.00 -194,000.00 357,000.00 214,000.00 110,000.00 -112,000.00 254,000.00 150,000.00 76,000.00 -82,000.00 155,000.00 108,000.00 73,000.00
   Selling, General and Administrative Expenses 148,000.00 95,000.00 47,000.00 -98,000.00 152,000.00 101,000.00 52,000.00 -105,000.00 156,000.00 104,000.00 52,000.00 -77,000.00 134,000.00 87,000.00 44,000.00 -90,000.00 131,000.00 89,000.00 45,000.00
   Research and Development Expenses 0 0 0 191,000.00 0 0 0 210,000.00 0 0 0 196,000.00 0 0 0 191,000.00 0 0 0
EBT 291,000.00 204,000.00 102,000.00 -194,000.00 238,000.00 181,000.00 73,000.00 -123,000.00 209,000.00 108,000.00 63,000.00 -75,000.00 135,000.00 74,000.00 41,000.00 -6,000.00 -13,000.00 58,000.00 42,000.00
Income Tax 78,000.00 56,000.00 28,000.00 -104,000.00 55,000.00 44,000.00 19,000.00 159,000.00 48,000.00 27,000.00 14,000.00 -2,000.00 24,000.00 15,000.00 8,000.00 -17,000.00 20,000.00 16,000.00 12,000.00
Net Income Including Non-Controlling Interests 179,000.00 124,000.00 63,000.00 127,000.00 32,000.00 65,000.00 40,000.00 316,000.00 108,000.00 13,000.00 30,000.00 -34,000.00 85,000.00 46,000.00 21,000.00 12,000.00 5,000.00 2,000.00 13,000.00
Net Income Non-Controlling Interests 8,000.00 6,000.00 2,000.00 -5,000.00 7,000.00 6,000.00 2,000.00 -4,000.00 12,000.00 7,000.00 4,000.00 0.00 5,000.00 0.00 1,000.00 -2,000.00 5,000.00 3,000.00 3,000.00
Net Income 187,000.00 130,000.00 65,000.00 122,000.00 39,000.00 71,000.00 42,000.00 312,000.00 120,000.00 20,000.00 34,000.00 -34,000.00 90,000.00 46,000.00 22,000.00 10,000.00 10,000.00 5,000.00 16,000.00
EBIT 301,000.00 211,000.00 105,000.00 -203,000.00 250,000.00 189,000.00 77,000.00 -133,000.00 222,000.00 117,000.00 68,000.00 -81,000.00 145,000.00 81,000.00 44,000.00 -13,000.00 -5,000.00 64,000.00 45,000.00
Deprecation and Amortization 80,000.00 52,000.00 25,000.00 -43,000.00 71,000.00 46,000.00 22,000.00 -59,000.00 79,000.00 55,000.00 29,000.00 -50,000.00 79,000.00 52,000.00 27,000.00 -56,000.00 82,000.00 55,000.00 27,000.00
EBITDA 381,000.00 263,000.00 130,000.00 -246,000.00 321,000.00 235,000.00 99,000.00 -192,000.00 301,000.00 172,000.00 97,000.00 -131,000.00 224,000.00 133,000.00 71,000.00 -69,000.00 77,000.00 119,000.00 72,000.00
EPS 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 0.00 0.00 0.00 0.00
Diluted EPS 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 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 27,300.00 27,300.00 27,200.00 27,600.00 27,600.00 27,600.00 27,600.00 27,700.00 28,200.00 28,300.00 28,200.00 28,200.00 28,100.00 28,100.00 28,000.00 28,100.00 28,000.00 28,000.00 27,900.00
Average Shares Outstanding Diluted 27,900.00 27,600.00 27,500.00 27,800.00 27,900.00 27,900.00 28,000.00 28,000.00 28,600.00 28,700.00 28,700.00 28,600.00 28,500.00 28,500.00 28,400.00 28,500.00 28,400.00 28,300.00 28,400.00
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 292,000.00 165,000.00 70,000.00 8,000.00 224,000.00 126,000.00 69,000.00 75,000.00 169,000.00 42,000.00 -19,000.00 258,000.00 2,000.00 -72,000.00 -21,000.00 58,000.00 -12,000.00 1,000.00 11,000.00
   Operating Net Income 195,000.00 136,000.00 199,000.00 169,000.00 311,000.00 232,000.00 130,000.00 1,139,000.00 132,000.00 115,000.00 110,000.00 85,000.00 185,000.00 46,000.00 68,000.00 64,000.00 15,000.00 8,000.00 54,000.00
   Deprecation and Amortization 80,000.00 52,000.00 25,000.00 -43,000.00 71,000.00 46,000.00 22,000.00 -59,000.00 79,000.00 55,000.00 29,000.00 -50,000.00 79,000.00 52,000.00 27,000.00 -56,000.00 82,000.00 55,000.00 27,000.00
   Deferred Income Tax 0 0 0 -64,000.00 0 0 0 -321,000.00 0 0 0 -1,000.00 0 0 0 0 0 0 0
   Share Based Compensation 34,000.00 23,000.00 11,000.00 -21,000.00 31,000.00 21,000.00 10,000.00 -17,000.00 26,000.00 17,000.00 8,000.00 -11,000.00 19,000.00 13,000.00 5,000.00 -8,000.00 13,000.00 9,000.00 4,000.00
   Change in Working Capital 22,000.00 118,000.00 132,000.00 -330,000.00 53,000.00 87,000.00 88,000.00 -48,000.00 -35,000.00 -84,000.00 -21,000.00 -449,000.00 539,000.00 179,000.00 128,000.00 219,000.00 4,000.00 -58,000.00 44,000.00
   Other Operating Activities -39,000.00 -164,000.00 -297,000.00 297,000.00 -242,000.00 -260,000.00 -181,000.00 -619,000.00 -33,000.00 -61,000.00 -145,000.00 684,000.00 -820,000.00 -362,000.00 -249,000.00 -161,000.00 -126,000.00 -13,000.00 -118,000.00
Investing Cash Flow -136,000.00 -115,000.00 -33,000.00 68,000.00 -148,000.00 -72,000.00 -37,000.00 26,000.00 -80,000.00 -49,000.00 -20,000.00 28,000.00 -44,000.00 -31,000.00 -21,000.00 33,000.00 -50,000.00 -31,000.00 -15,000.00
   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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Investments Net -2,000.00 -1,000.00 -2,000.00 0.00 -2,000.00 -1,000.00 0 3,000.00 -3,000.00 -2,000.00 -1,000.00 8,000.00 -2,000.00 -1,000.00 -1,000.00 6,000.00 -5,000.00 -2,000.00 -1,000.00
   Net Purchase/Sale of Business 50,000.00 50,000.00 1,000.00 -13,000.00 49,000.00 18,000.00 1,000.00 0.00 1,000.00 0 0 0.00 1,000.00 1,000.00 1,000.00 0.00 3,000.00 2,000.00 0
   Net Loan & Lease Activity 36,000.00 36,000.00 33,000.00 37,000.00 40,000.00
   Other Investing Activities -184,000.00 -164,000.00 -32,000.00 45,000.00 -195,000.00 -89,000.00 -38,000.00 -13,000.00 -78,000.00 -47,000.00 -19,000.00 -13,000.00 -43,000.00 -31,000.00 -21,000.00 -10,000.00 -48,000.00 -31,000.00 -14,000.00
Financing Cash Flow -52,000.00 -38,000.00 -18,000.00 7,000.00 -40,000.00 -36,000.00 -31,000.00 25,000.00 -119,000.00 -57,000.00 -5,000.00 6,000.00 -7,000.00 -4,000.00 -4,000.00 -9,000.00 -26,000.00 6,000.00 0
   Net Issuance/Repayment of Debt 0 0 0 0 0 0 0 0 0 0 0 346,000.00 350,000.00 0 0 -2,000.00 0 6,000.00 0
   Net Issuance/Repurchase of Equity 10,000.00 10,000.00 17,000.00 -36,000.00 20,000.00 20,000.00 60,000.00 2,000.00 84,000.00 34,000.00 0 0 0 0 0 320,000.00 0 0 16,000.00
   Dividends Paid 28,000.00 18,000.00 4,000.00 12,000.00 0 0 0 -21,000.00 27,000.00 15,000.00 8,000.00 2,000.00 0 0 0 1,000.00 33,000.00 1,000.00 0
   Other Financing Activities -90,000.00 -66,000.00 -39,000.00 31,000.00 -60,000.00 -56,000.00 -91,000.00 44,000.00 -230,000.00 -106,000.00 -13,000.00 -342,000.00 -357,000.00 -4,000.00 -4,000.00 -344,000.00 -59,000.00 -1,000.00 0
Net Change in Cash 139,000.00 45,000.00 32,000.00 94,000.00 35,000.00 -10,000.00 -11,000.00 133,000.00 -38,000.00 -64,000.00 -36,000.00 338,000.00 -90,000.00 -130,000.00 -50,000.00 98,000.00 -99,000.00 -30,000.00 -14,000.00
   Cash at Beginning of Period 626,000.00 626,000.00 626,000.00 532,000.00 518,000.00 518,000.00 518,000.00 385,000.00 523,000.00 523,000.00 523,000.00 185,000.00 455,000.00 455,000.00 455,000.00 357,000.00 500,000.00 500,000.00 500,000.00
   Cash at End of Period 765,000.00 671,000.00 658,000.00 626,000.00 553,000.00 508,000.00 507,000.00 518,000.00 485,000.00 459,000.00 487,000.00 523,000.00 365,000.00 325,000.00 405,000.00 455,000.00 401,000.00 470,000.00 486,000.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0