VRE
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Price to Earnings | -66.52 | -12.89 | -25.29 | -13.22 | |
| Price to Sales | 5.69 | 5.16 | 4.09 | 5.07 | |
| Book Value Per Common Share | 11.83 | 12.33 | 13.56 | 14.10 | 15.42 |
| Price to Book | 1.41 | 1.28 | 1.17 | 1.30 | |
| Price to Operating Cash Flow | 7.36 | 7.93 | 5.46 | 7.44 | |
| Price to Free Cash Flow | |||||
| Enterprise Value to EBITDA | 44904.59 | 61649.61 |
| 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 | 18.77 | -141.00 | -148.83 | -1500.00 | -380.25 | -14.22 | -28.66 | -54.22 | -11.60 | 110.33 | -133.77 | |||||||||
| Price to Sales | 6.53 | 9.66 | 23.24 | 8.15 | 10.29 | 20.84 | 7.32 | 10.83 | 19.96 | 3.85 | 6.79 | 15.96 | ||||||||
| Book Value Per Common Share | 12.38 | 11.63 | 11.58 | 11.83 | 11.99 | 12.20 | 12.26 | 12.33 | 12.44 | 13.00 | 13.28 | 13.56 | 13.19 | 14.24 | 14.03 | 14.10 | 14.38 | 14.68 | 15.51 | 15.42 |
| Price to Book | 1.23 | 1.28 | 1.46 | 1.41 | 1.49 | 1.23 | 1.24 | 1.28 | 1.33 | 1.23 | 1.10 | 1.17 | 0.86 | 0.93 | 1.24 | 1.30 | ||||
| Price to Operating Cash Flow | 7.02 | 9.38 | 29.84 | 10.22 | 13.06 | 22.33 | 11.38 | 15.08 | 27.60 | 3.74 | 6.59 | 12.55 | ||||||||
| Price to Free Cash Flow | ||||||||||||||||||||
| Enterprise Value to EBITDA | 67529.15 | 155580.12 | 519636.83 | 150222.68 | 176543.67 | 397003.43 | 284064.13 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Earning YoY | |||||
| Revenue YoY | -3.14 | -21.17 | 7.80 | 5.02 | |
| EBITDA YoY | 46.21 | ||||
| Net Profit YoY |
| 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 | 51.11 | 112.06 | 50.57 | 100.20 | 52.51 | 102.75 | 51.48 | 79.07 | 53.22 | 106.77 | ||||||||||
| EBITDA YoY | 135.19 | 194.28 | -74.56 | 40.04 | 122.82 | -80.53 | ||||||||||||||
| Net Profit YoY | 36512.00 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Cash Per Common Share | 0.08 | 0.30 | 0.29 | 0.35 | 0.42 |
| Quick Ratio | |||||
| Current Ratio | |||||
| Debt to Equity | 0.35 | 0.23 | 0.19 | 0.23 | 0.20 |
| Long-Term Debt to Equity |
| 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 | 0.09 | 0.12 | 0.08 | 0.08 | 0.14 | 0.20 | 1.22 | 0.30 | 0.19 | 4.34 | 0.41 | 0.29 | 0.42 | 0.32 | 0.29 | 0.35 | 0.26 | 0.41 | 2.89 | 0.42 |
| Quick Ratio | ||||||||||||||||||||
| Current Ratio | ||||||||||||||||||||
| Debt to Equity | 1.18 | 1.56 | 1.42 | 0.35 | 1.39 | 1.37 | 1.51 | 0.23 | 0.23 | 0.25 | 0.19 | 0.19 | 0.23 | 0.22 | 0.22 | 0.23 | 0.23 | 0.23 | 0.25 | 0.20 |
| Long-Term Debt to Equity |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| ROA | -0.35 | -1.02 | -0.42 | -0.88 | -0.28 |
| ROE | -0.47 | -1.25 | -0.49 | -1.08 | -0.33 |
| Gross Margin | 96.99 | 96.45 | 95.96 | -38.04 | -39.15 |
| Operating Margin | 96.44 | 50.69 | |||
| EBITDA Margin | 126.96 | 84.11 | |||
| Net Profit Margin | -8.53 | -38.33 | -14.67 | -36.15 | -16.39 |
| 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 | 2.95 | 0.01 | -0.36 | -0.36 | -0.03 | -0.12 | -0.95 | -0.39 | -0.16 | -0.66 | 0.15 | -0.07 | -0.68 | -0.47 | 0.05 | |||||
| ROE | 6.43 | 0.02 | -0.88 | -0.85 | -0.08 | -0.30 | -1.17 | -0.49 | -0.19 | -0.81 | 0.18 | -0.09 | -0.83 | -0.58 | 0.07 | |||||
| Gross Margin | 96.64 | 96.58 | 95.86 | 96.95 | 96.98 | 96.63 | 96.31 | 96.40 | 95.98 | 95.77 | 95.82 | 96.03 | 95.51 | 95.40 | 94.62 | |||||
| Operating Margin | 67.02 | 31.81 | 13.48 | 24.09 | 28.53 | 22.71 | -8.17 | |||||||||||||
| EBITDA Margin | 96.86 | 62.23 | 44.85 | 54.42 | 58.51 | 52.57 | 25.89 | |||||||||||||
| Net Profit Margin | 37.94 | 0.16 | -15.79 | -5.26 | -0.73 | -5.80 | -49.39 | -34.94 | -29.84 | -31.22 | 10.75 | -9.17 | -38.48 | -40.97 | 11.02 |
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 | 6,693,329.00 | 10,496,550.00 | 12,546,755.00 | 13,581,954.00 | 18,443,358.00 |
| Cash and Short-Term Investments | 7,251.00 | 28,007.00 | 26,782.00 | 31,754.00 | 38,096.00 |
| Cash and Cash Equivalents | 7,251.00 | 28,007.00 | 26,782.00 | 31,754.00 | 38,096.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 7,756.00 | 17,184.00 | 85,308.00 | 149,296.00 | 188,570.00 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 |
| Property, Plant, Equipment Net | 112,201.00 | 103,613.00 | 99,094.00 | 100,011.00 | 83,553.00 |
| Real Estate | 18,179,218.00 | 19,192,704.00 | 23,151,984.00 | 23,430,842.00 | 26,795,442.00 |
| Goodwill | 0 | 0 | 0 | 2,900.00 | 2,945.00 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 333,903.00 | 589,770.00 | 630,790.00 | 688,888.00 | 920,928.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 |
| Liabilities | 1,740,364.00 | 1,936,494.00 | 2,006,200.00 | 2,556,587.00 | 3,042,109.00 |
| Payables and Expenses | 0 | 0 | 0 | 0 | 0 |
| Account Payables | 0 | 0 | 0 | 0 | 0 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Equity | 4,952,965.00 | 8,560,056.00 | 10,540,555.00 | 11,025,367.00 | 15,401,249.00 |
| Shareholders Equity | 1,099,391.00 | 1,137,478.00 | 1,235,685.00 | 1,281,982.00 | 1,398,817.00 |
| Capital Stock | 929.00 | 922.00 | 911.00 | 909.00 | 907.00 |
| Share Premium | 2,564,495.00 | 2,553,060.00 | 2,532,182.00 | 2,530,383.00 | 2,528,187.00 |
| Retained Earnings | -1,466,187.00 | -1,418,312.00 | -1,301,385.00 | -1,249,319.00 | -1,130,277.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 154.00 | 1,808.00 | 3,977.00 | 9.00 | 0 |
| Minority Interest | 133,678.00 | 142,075.00 | 163,652.00 | 167,436.00 | 193,563.00 |
| Investments | 337,153.00 | 595,954.00 | 636,630.00 | 693,614.00 | 939,684.00 |
| Debt | 3,198,194.00 | 4,287,535.00 | 4,395,867.00 | 2,241,070.00 | 5,553,594.00 |
| Net Debt | 3,190,943.00 | 4,259,528.00 | 4,369,085.00 | 2,209,316.00 | 5,515,498.00 |
| Common Shares Outstanding | 92,912.25 | 92,229.42 | 91,141.65 | 90,948.01 | 90,712.42 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Revenues | 271,074.00 | 279,859.00 | 355,018.00 | 329,317.00 | 313,562.00 |
| Cost Of Revenue | 8,151.00 | 9,922.00 | 14,344.00 | 454,604.00 | 436,334.00 |
| Gross Profit | 262,923.00 | 269,937.00 | 340,674.00 | -125,287.00 | -122,772.00 |
| Selling, General and Administrative Expenses | 155,866.00 | 173,464.00 | 235,608.00 | 216,214.00 | 245,032.00 |
| Interest Expense | 292,116.00 | 298,553.00 | 341,937.00 | 260,768.00 | 242,973.00 |
| EBT | -30,697.00 | -156,701.00 | 0 | 0 | 0 |
| Income Tax | 276.00 | 492.00 | 0.00 | 0.00 | 0.00 |
| Equity Method Investments Income | 15,736.00 | 15,510.00 | 6,000.00 | -21,255.00 | -19,160.00 |
| Net Income Including Non-Controlling Interests | -31,205.00 | -219,324.00 | -66,236.00 | -109,539.00 | -33,598.00 |
| Net Income Non-Controlling Interests | 8,085.00 | 112,059.00 | 14,170.00 | -9,503.00 | -17,789.00 |
| Net Income | -23,120.00 | -107,265.00 | -52,066.00 | -119,042.00 | -51,387.00 |
| EBIT | 261,419.00 | 141,852.00 | 0 | 0 | 0 |
| Deprecation and Amortization | 82,744.00 | 93,542.00 | 111,392.00 | 108,839.00 | 118,345.00 |
| EBITDA | 344,163.00 | 235,394.00 | 0 | 0 | 0 |
| 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 | 92,695.00 | 91,883.00 | 91,046.00 | 90,839.00 | 90,648.00 |
| Average Shares Outstanding Diluted | 101,381.00 | 100,812.00 | 100,265.00 | 99,893.00 | 100,260.00 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Operating Cash Flow | 209,312.00 | 182,160.00 | 265,816.00 | 224,460.00 | 341,688.00 |
| Operating Net Income | -31,205.00 | -219,324.00 | -66,236.00 | -109,539.00 | -33,598.00 |
| Deprecation and Amortization | 82,744.00 | 93,542.00 | 111,392.00 | 108,839.00 | 118,345.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 600.00 | 19,900.00 | 13,800.00 | 10,847.00 | 7,635.00 |
| Change in Working Capital | -24,000.00 | -13,034.00 | 29,538.00 | -23,064.00 | -7,676.00 |
| Other Operating Activities | 181,173.00 | 301,076.00 | 177,322.00 | 237,377.00 | 256,982.00 |
| Investing Cash Flow | 648,204.00 | 2,318,600.00 | 880,352.00 | 1,784,916.00 | 113,860.00 |
| Capital Expenditure | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Purchase/Sale of PPE | 214,662.00 | 70,998.00 | 1,006,680.00 | 52,391.00 | 64,947.00 |
| Net Purchase/Sale of Investments Net | -250.00 | -1,030.00 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | 12,742.00 | 762.00 | 15,678.00 | 10,290.00 | 169,086.00 |
| Other Investing Activities | 421,050.00 | 2,247,870.00 | -142,006.00 | 1,722,235.00 | -120,173.00 |
| Financing Cash Flow | -244,648.00 | -618,260.00 | -290,348.00 | -503,191.00 | -102,751.00 |
| Net Issuance/Repayment of Debt | 22,000.00 | 81,000.00 | 250,000.00 | 73,000.00 | 516,000.00 |
| Net Issuance/Repurchase of Equity | 0 | 142.00 | 2,692.00 | 898.00 | 2,693.00 |
| Dividends Paid | 24,052.00 | 5,123.00 | 61.00 | 475.00 | 60,532.00 |
| Other Financing Activities | -290,700.00 | -704,525.00 | -543,101.00 | -577,564.00 | -681,976.00 |
| Net Change in Cash | -30,269.00 | 6,930.00 | -3,806.00 | -847.00 | 11,136.00 |
| Cash at Beginning of Period | 54,579.00 | 47,649.00 | 51,455.00 | 52,302.00 | 41,166.00 |
| Cash at End of Period | 24,310.00 | 54,579.00 | 47,649.00 | 51,455.00 | 52,302.00 |
| 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 | 2,791,763.00 | 3,126,980.00 | 2,951,573.00 | 6,693,329.00 | 3,005,840.00 | 3,037,925.00 | 3,212,860.00 | 10,496,550.00 | 10,753,979.00 | 12,087,712.00 | 12,196,731.00 | 12,546,755.00 | 12,768,276.00 | 12,932,991.00 | 12,779,475.00 | 13,581,954.00 | 13,701,501.00 | 13,774,431.00 | 15,481,074.00 | 18,443,358.00 |
| Cash and Short-Term Investments | 8,778.00 | 11,438.00 | 7,596.00 | 7,251.00 | 12,782.00 | 18,398.00 | 112,701.00 | 28,007.00 | 17,274.00 | 396,940.00 | 37,487.00 | 26,782.00 | 38,357.00 | 29,073.00 | 26,138.00 | 31,754.00 | 23,308.00 | 37,628.00 | 261,682.00 | 38,096.00 |
| Cash and Cash Equivalents | 8,778.00 | 11,438.00 | 7,596.00 | 7,251.00 | 12,782.00 | 18,398.00 | 112,701.00 | 28,007.00 | 17,274.00 | 396,940.00 | 37,487.00 | 26,782.00 | 38,357.00 | 29,073.00 | 26,138.00 | 31,754.00 | 23,308.00 | 37,628.00 | 261,682.00 | 38,096.00 |
| 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 | 8,640.00 | 9,042.00 | 7,456.00 | 7,756.00 | 8,790.00 | 8,606.00 | 6,826.00 | 17,184.00 | 19,362.00 | 25,212.00 | 91,022.00 | 85,308.00 | 113,384.00 | 109,286.00 | 110,788.00 | 149,296.00 | 153,586.00 | 149,414.00 | 174,812.00 | 188,570.00 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Property, Plant, Equipment Net | 115,693.00 | 112,424.00 | 113,997.00 | 112,201.00 | 106,901.00 | 105,707.00 | 105,668.00 | 103,613.00 | 101,793.00 | 100,803.00 | 99,342.00 | 99,094.00 | 96,882.00 | 117,543.00 | 101,690.00 | 100,011.00 | 96,968.00 | 90,082.00 | 85,612.00 | 83,553.00 |
| Real Estate | 17,840,470.00 | 17,984,486.00 | 18,136,440.00 | 18,179,218.00 | 18,168,884.00 | 18,143,890.00 | 18,131,416.00 | 19,192,704.00 | 19,630,844.00 | 19,727,582.00 | 20,487,932.00 | 23,151,984.00 | 23,392,796.00 | 23,758,786.00 | 23,590,692.00 | 23,430,842.00 | 24,231,732.00 | 27,082,256.00 | 26,954,212.00 | 26,795,442.00 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,900.00 | 2,945.00 | 2,945.00 | 2,945.00 | 2,945.00 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 158,523.00 | 160,854.00 | 334,821.00 | 333,903.00 | 340,785.00 | 361,176.00 | 356,490.00 | 589,770.00 | 479,320.00 | 489,740.00 | 496,872.00 | 630,790.00 | 518,300.00 | 531,160.00 | 675,564.00 | 688,888.00 | 846,828.00 | 880,356.00 | 907,884.00 | 920,928.00 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Liabilities | 1,510,632.00 | 1,903,121.00 | 1,733,102.00 | 1,740,364.00 | 1,746,701.00 | 1,757,559.00 | 1,931,350.00 | 1,936,494.00 | 1,998,585.00 | 2,384,584.00 | 1,906,479.00 | 2,006,200.00 | 2,379,116.00 | 2,327,499.00 | 2,306,512.00 | 2,556,587.00 | 2,569,406.00 | 2,564,172.00 | 3,055,575.00 | 3,042,109.00 |
| Payables and Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Account Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Accrued Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity | 1,281,131.00 | 1,223,859.00 | 1,218,471.00 | 4,952,965.00 | 1,259,139.00 | 1,280,366.00 | 1,281,510.00 | 8,560,056.00 | 8,755,394.00 | 9,703,128.00 | 10,290,252.00 | 10,540,555.00 | 10,389,160.00 | 10,605,492.00 | 10,472,963.00 | 11,025,367.00 | 11,132,095.00 | 11,210,259.00 | 12,425,499.00 | 15,401,249.00 |
| Shareholders Equity | 1,156,864.00 | 1,086,095.00 | 1,080,486.00 | 1,099,391.00 | 1,113,942.00 | 1,132,424.00 | 1,132,231.00 | 1,137,478.00 | 1,147,610.00 | 1,196,953.00 | 1,216,530.00 | 1,235,685.00 | 1,201,579.00 | 1,296,280.00 | 1,275,681.00 | 1,281,982.00 | 1,308,025.00 | 1,335,226.00 | 1,406,823.00 | 1,398,817.00 |
| Capital Stock | 934.00 | 934.00 | 933.00 | 929.00 | 929.00 | 928.00 | 924.00 | 922.00 | 920.00 | 918.00 | 915.00 | 911.00 | 911.00 | 911.00 | 909.00 | 909.00 | 909.00 | 909.00 | 907.00 | 907.00 |
| Share Premium | 2,570,129.00 | 2,567,255.00 | 2,564,846.00 | 2,564,495.00 | 2,561,584.00 | 2,559,343.00 | 2,555,700.00 | 2,553,060.00 | 2,551,137.00 | 2,540,309.00 | 2,533,854.00 | 2,532,182.00 | 2,529,645.00 | 2,525,466.00 | 2,531,188.00 | 2,530,383.00 | 2,530,163.00 | 2,529,050.00 | 2,528,570.00 | 2,528,187.00 |
| Retained Earnings | -1,413,515.00 | -1,481,156.00 | -1,484,436.00 | -1,466,187.00 | -1,446,207.00 | -1,429,887.00 | -1,427,199.00 | -1,418,312.00 | -1,408,313.00 | -1,348,792.00 | -1,321,358.00 | -1,301,385.00 | -1,333,256.00 | -1,232,038.00 | -1,258,411.00 | -1,249,319.00 | -1,223,047.00 | -1,194,733.00 | -1,122,654.00 | -1,130,277.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | -684.00 | -938.00 | -857.00 | 154.00 | -2,364.00 | 2,040.00 | 2,806.00 | 1,808.00 | 3,866.00 | 4,518.00 | 3,119.00 | 3,977.00 | 4,279.00 | 1,941.00 | 1,995.00 | 9.00 | 0 | 0 | 0 | 0 |
| Minority Interest | 114,973.00 | 128,470.00 | 128,691.00 | 133,678.00 | 135,903.00 | 138,648.00 | 139,985.00 | 142,075.00 | 143,464.00 | 151,065.00 | 157,439.00 | 163,652.00 | 160,483.00 | 170,893.00 | 165,120.00 | 167,436.00 | 171,047.00 | 175,107.00 | 182,693.00 | 193,563.00 |
| Investments | 160,559.00 | 163,392.00 | 337,459.00 | 337,153.00 | 345,167.00 | 366,172.00 | 360,232.00 | 595,954.00 | 487,430.00 | 499,336.00 | 505,974.00 | 636,630.00 | 522,974.00 | 537,446.00 | 680,030.00 | 693,614.00 | 854,512.00 | 888,198.00 | 922,986.00 | 939,684.00 |
| Debt | 1,402,537.00 | 1,459,964.00 | 1,322,036.00 | 3,198,194.00 | 1,324,336.00 | 1,632,765.00 | 1,853,149.00 | 4,287,535.00 | 4,291,960.00 | 4,227,505.00 | 4,227,704.00 | 4,395,867.00 | 2,157,706.00 | 2,151,489.00 | 2,108,943.00 | 2,241,070.00 | 2,200,947.00 | 2,170,284.00 | 5,643,928.00 | 5,553,594.00 |
| Net Debt | 1,393,759.00 | 1,448,526.00 | 1,314,440.00 | 3,190,943.00 | 1,311,554.00 | 1,614,367.00 | 1,740,448.00 | 4,259,528.00 | 4,274,686.00 | 3,830,565.00 | 4,190,217.00 | 4,369,085.00 | 2,119,349.00 | 2,122,416.00 | 2,082,805.00 | 2,209,316.00 | 2,177,639.00 | 2,132,656.00 | 5,382,246.00 | 5,515,498.00 |
| Common Shares Outstanding | 93,426.30 | 93,422.98 | 93,311.88 | 92,912.25 | 92,900.26 | 92,821.79 | 92,385.17 | 92,229.42 | 92,217.46 | 92,041.39 | 91,620.40 | 91,141.65 | 91,083.84 | 91,062.53 | 90,955.76 | 90,948.01 | 90,947.39 | 90,947.15 | 90,729.70 | 90,712.42 |
| 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 | 217,124.00 | 143,684.00 | 67,756.00 | -134,073.00 | 202,991.00 | 134,816.00 | 67,340.00 | -129,697.00 | 206,943.00 | 135,688.00 | 66,925.00 | -190,355.00 | 268,815.00 | 177,459.00 | 99,099.00 | -145,200.00 | 241,084.00 | 157,340.00 | 76,093.00 |
| Cost Of Revenue | 7,292.00 | 4,910.00 | 2,807.00 | -4,383.00 | 6,196.00 | 4,067.00 | 2,271.00 | -5,278.00 | 7,629.00 | 4,882.00 | 2,689.00 | -8,364.00 | 11,365.00 | 7,410.00 | 3,933.00 | 432,453.00 | 10,816.00 | 7,243.00 | 4,092.00 |
| Interest Expense | 69,804.00 | 47,564.00 | 22,960.00 | 162,757.00 | 64,683.00 | 43,176.00 | 21,500.00 | 75,200.00 | 90,417.00 | 59,181.00 | 73,755.00 | -14,975,919.00 | 164,607.00 | 98,199.00 | 15,055,050.00 | -42,646.00 | 148,092.00 | 102,492.00 | 52,830.00 |
| Provisions for Credit Losses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 110.00 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 209,832.00 | 138,774.00 | 64,949.00 | -129,690.00 | 196,795.00 | 130,749.00 | 65,069.00 | -124,419.00 | 199,314.00 | 130,806.00 | 64,236.00 | -181,991.00 | 257,450.00 | 170,049.00 | 95,166.00 | -577,653.00 | 230,268.00 | 150,097.00 | 72,001.00 |
| Selling, General and Administrative Expenses | 115,272.00 | 77,980.00 | 38,560.00 | -74,688.00 | 112,540.00 | 77,484.00 | 40,530.00 | -75,522.00 | 128,440.00 | 77,690.00 | 42,856.00 | -106,608.00 | 166,702.00 | 111,176.00 | 64,338.00 | -106,254.00 | 158,610.00 | 112,218.00 | 51,640.00 |
| EBT | 75,718.00 | -1,861.00 | -13,824.00 | -3,977.00 | -15,792.00 | -4,718.00 | -6,210.00 | -49,375.00 | -107,326.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Tax | 170.00 | 135.00 | 42.00 | -292.00 | 274.00 | 235.00 | 59.00 | 199.00 | 293.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity Method Investments Income | 14,124.00 | 13,104.00 | 11,526.00 | -3,344.00 | 8,757.00 | 9,561.00 | 762.00 | -6,122.00 | 11,372.00 | 10,532.00 | -272.00 | -8,044.00 | 7,388.00 | 8,604.00 | -1,948.00 | 4,812.00 | -13,252.00 | -5,535.00 | -7,280.00 |
| Net Income Including Non-Controlling Interests | 79,439.00 | -1,887.00 | -13,730.00 | -12,361.00 | -12,641.00 | -1,734.00 | -4,469.00 | 109,969.00 | -208,222.00 | -88,714.00 | -32,357.00 | -16,053.00 | -75,779.00 | 30,123.00 | -4,527.00 | 23,752.00 | -86,302.00 | -60,510.00 | 13,521.00 |
| Net Income Non-Controlling Interests | 2,938.00 | 2,112.00 | 3,031.00 | 4,798.00 | 1,968.00 | 753.00 | 566.00 | -47,640.00 | 106,008.00 | 41,307.00 | 12,384.00 | 37,938.00 | -8,158.00 | -11,045.00 | -4,565.00 | 6,047.00 | -6,468.00 | -3,946.00 | -5,136.00 |
| Net Income | 82,377.00 | 225.00 | -10,699.00 | -7,563.00 | -10,673.00 | -981.00 | -3,903.00 | 62,329.00 | -102,214.00 | -47,407.00 | -19,973.00 | 21,885.00 | -83,937.00 | 19,078.00 | -9,092.00 | 29,799.00 | -92,770.00 | -64,456.00 | 8,385.00 |
| EBIT | 145,522.00 | 45,703.00 | 9,136.00 | 158,780.00 | 48,891.00 | 38,458.00 | 15,290.00 | 158,761.00 | -16,909.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deprecation and Amortization | 64,790.00 | 43,718.00 | 21,250.00 | -39,349.00 | 61,567.00 | 40,417.00 | 20,109.00 | -48,069.00 | 70,489.00 | 47,269.00 | 23,853.00 | -51,547.00 | 82,738.00 | 53,772.00 | 26,429.00 | -57,842.00 | 84,173.00 | 55,397.00 | 27,111.00 |
| EBITDA | 210,312.00 | 89,421.00 | 30,386.00 | 119,431.00 | 110,458.00 | 78,875.00 | 35,399.00 | 181,814.00 | 53,580.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS | 0.00 | 0 | -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 | -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 | 93,310.00 | 93,227.00 | 93,059.00 | 93,421.00 | 92,615.00 | 92,469.00 | 92,275.00 | 92,993.00 | 91,762.00 | 91,551.00 | 91,226.00 | 91,222.00 | 91,022.00 | 90,989.00 | 90,951.00 | 91,128.00 | 90,803.00 | 90,733.00 | 90,692.00 |
| Average Shares Outstanding Diluted | 102,273.00 | 102,164.00 | 101,690.00 | 102,092.00 | 101,304.00 | 101,160.00 | 100,968.00 | 101,261.00 | 100,770.00 | 100,691.00 | 100,526.00 | 100,740.00 | 100,215.00 | 100,171.00 | 99,934.00 | 100,125.00 | 99,870.00 | 99,817.00 | 99,760.00 |
| 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 | 201,992.00 | 147,932.00 | 52,772.00 | -121,574.00 | 161,874.00 | 106,172.00 | 62,840.00 | -96,772.00 | 133,088.00 | 97,456.00 | 48,388.00 | -319,764.00 | 276,736.00 | 182,840.00 | 126,004.00 | -156,644.00 | 164,700.00 | 111,788.00 | 104,616.00 |
| Operating Net Income | 79,439.00 | -1,887.00 | -13,730.00 | -12,361.00 | -12,641.00 | -1,734.00 | -4,469.00 | 109,969.00 | -208,222.00 | -88,714.00 | -32,357.00 | -16,053.00 | -75,779.00 | 30,123.00 | -4,527.00 | 23,752.00 | -86,302.00 | -60,510.00 | 13,521.00 |
| Deprecation and Amortization | 64,790.00 | 43,718.00 | 21,250.00 | -39,349.00 | 61,567.00 | 40,417.00 | 20,109.00 | -48,069.00 | 70,489.00 | 47,269.00 | 23,853.00 | -51,547.00 | 82,738.00 | 53,772.00 | 26,429.00 | -57,842.00 | 84,173.00 | 55,397.00 | 27,111.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 100.00 | 100.00 | 100.00 | -688.00 | 521.00 | 429.00 | 338.00 | 17,734.00 | 1,200.00 | 644.00 | 322.00 | 7,863.00 | 885.00 | 562.00 | 4,490.00 | -4,733.00 | 7,979.00 | 5,072.00 | 2,529.00 |
| Change in Working Capital | 9,434.00 | 858.00 | -7,950.00 | 26,503.00 | -19,927.00 | -23,310.00 | -7,266.00 | 22,900.00 | -7,624.00 | -10,344.00 | -17,966.00 | -54,986.00 | 56,732.00 | 11,112.00 | 16,680.00 | 4,032.00 | -7,734.00 | -16,162.00 | -3,200.00 |
| Other Operating Activities | 48,229.00 | 105,143.00 | 53,102.00 | -95,679.00 | 132,354.00 | 90,370.00 | 54,128.00 | -199,306.00 | 277,245.00 | 148,601.00 | 74,536.00 | -205,041.00 | 212,160.00 | 87,271.00 | 82,932.00 | -121,853.00 | 166,584.00 | 127,991.00 | 64,655.00 |
| Investing Cash Flow | 1,545,324.00 | 83,288.00 | 13,768.00 | -1,050,836.00 | 660,176.00 | 663,772.00 | 375,092.00 | -1,823,164.00 | 1,978,284.00 | 1,806,536.00 | 356,944.00 | -953,044.00 | 440,880.00 | 620,296.00 | 772,220.00 | -2,767,424.00 | 1,832,064.00 | 1,960,396.00 | 759,880.00 |
| 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 | 94,680.00 | 57,843.00 | 7,139.00 | 26,627.00 | 88,962.00 | 88,962.00 | 10,111.00 | 50,322.00 | 7,784.00 | 6,528.00 | 6,364.00 | 197,664.00 | 335,288.00 | 236,864.00 | 236,864.00 | -101,015.00 | 110,704.00 | 42,702.00 | 0 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 0 | 0.00 | -250.00 | 0 | 0 | -280.00 | -750.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | 7,129.00 | 7,129.00 | 0 | -24,854.00 | 12,642.00 | 12,642.00 | 12,312.00 | 441.00 | 180.00 | 98.00 | 43.00 | -261,294.00 | 261,294.00 | 10,678.00 | 5,000.00 | -3,953.00 | 8,988.00 | 4,746.00 | 509.00 |
| Other Investing Activities | 1,443,515.00 | 18,316.00 | 6,629.00 | -1,052,609.00 | 558,822.00 | 562,168.00 | 352,669.00 | -1,873,647.00 | 1,971,070.00 | 1,799,910.00 | 350,537.00 | -889,414.00 | -155,702.00 | 372,754.00 | 530,356.00 | -2,662,456.00 | 1,712,372.00 | 1,912,948.00 | 759,371.00 |
| Financing Cash Flow | -435,319.00 | -52,096.00 | -18,837.00 | 214,821.00 | -227,623.00 | -206,134.00 | -25,712.00 | 107,301.00 | -534,615.00 | -99,093.00 | -91,853.00 | 303,982.00 | -166,800.00 | -198,810.00 | -228,720.00 | 509,665.00 | -508,375.00 | -516,573.00 | 12,092.00 |
| Net Issuance/Repayment of Debt | 322,000.00 | 95,000.00 | 24,000.00 | 22,000.00 | 0 | 0 | 0 | -14,000.00 | 63,000.00 | 16,000.00 | 16,000.00 | -81,000.00 | 128,000.00 | 115,000.00 | 88,000.00 | -30,000.00 | 37,000.00 | 33,000.00 | 33,000.00 |
| Net Issuance/Repurchase of Equity | 456.00 | 148.00 | 148.00 | 0 | 0 | 0 | -55.00 | -46.00 | 94.00 | 94.00 | 0 | -3,900.00 | 2,653.00 | 2,497.00 | 1,442.00 | -11,062.00 | 550.00 | 410.00 | 11,000.00 |
| Dividends Paid | 24,781.00 | 16,554.00 | 8,286.00 | -8,910.00 | 16,886.00 | 10,737.00 | 5,339.00 | 5,047.00 | 38.00 | 38.00 | 0 | -86.00 | 56.00 | 56.00 | 35.00 | -475.00 | 469.00 | 468.00 | 13.00 |
| Other Financing Activities | -782,556.00 | -163,798.00 | -51,271.00 | 201,676.00 | -244,509.00 | -216,871.00 | -30,996.00 | 116,300.00 | -597,747.00 | -115,225.00 | -107,853.00 | 388,968.00 | -297,509.00 | -316,363.00 | -318,197.00 | 551,202.00 | -546,394.00 | -550,451.00 | -31,921.00 |
| Net Change in Cash | 1,510.00 | 5,709.00 | -2,202.00 | -56,171.00 | -44,221.00 | -13,648.00 | 83,771.00 | -372,683.00 | -6,772.00 | 376,905.00 | 9,480.00 | -14,220.00 | 12,604.00 | 1,974.00 | -4,164.00 | -221,352.00 | -9,184.00 | 1,473.00 | 228,216.00 |
| Cash at Beginning of Period | 24,310.00 | 24,310.00 | 24,310.00 | 80,481.00 | 76,690.00 | 54,579.00 | 54,579.00 | 427,262.00 | 47,649.00 | 47,649.00 | 47,649.00 | 61,869.00 | 51,455.00 | 51,455.00 | 51,455.00 | 272,807.00 | 52,302.00 | 52,302.00 | 52,302.00 |
| Cash at End of Period | 25,820.00 | 30,019.00 | 22,108.00 | 24,310.00 | 32,469.00 | 40,931.00 | 138,350.00 | 54,579.00 | 40,877.00 | 424,554.00 | 57,129.00 | 47,649.00 | 64,059.00 | 53,429.00 | 47,291.00 | 51,455.00 | 43,118.00 | 53,775.00 | 280,518.00 |
| Free Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |