Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 19.26 10.61 -7.12 -8.46
Price to Sales 1.92 0.96 0.71 0.91
Book Value Per Common Share 16.39 15.10 12.58 17.68 17.11
Price to Book 8.41 2.55 1.84 1.29
Price to Operating Cash Flow 10.50 2.63 21.40 -45.00
Price to Free Cash Flow
Enterprise Value to EBITDA 59894.43 30302.63 139560.58 153032.36
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 117.32 -1761.91 -126.28 19.79 128.33 -290.21 7.94 9.02 13.95 -8.30 -5.83 -32.29 -4.13 -4.49 -4.20
Price to Sales 3.39 5.59 8.11 3.11 4.34 7.96 1.06 1.30 2.08 0.92 2.13 3.36 0.94 1.56 2.67
Book Value Per Common Share 15.38 14.22 14.19 16.39 15.97 16.20 16.22 15.10 15.21 14.50 13.74 12.58 13.77 12.81 16.64 17.68 12.51 12.59 12.67 17.11
Price to Book 12.74 13.63 8.28 8.41 7.42 5.31 4.29 2.55 2.18 1.81 1.75 1.84 1.53 1.78 1.40 1.29 1.37 1.47 1.40
Price to Operating Cash Flow 25.20 56.21 66.62 12.79 19.84 77.90 2.72 3.30 6.42 98.45 -13.92 17.77 -16.76 -8.52 -5.18
Price to Free Cash Flow
Enterprise Value to EBITDA 137353.86 241642.73 416877.51 71486.78 134221.34 335971.51 29757.26 35636.43 58260.97 158574.86 586242.27

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 97.25
Revenue YoY 67.33 7.66 13.67 5.54
EBITDA YoY 75.04 589.51 -7.16 -83.06
Net Profit YoY 78.10
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 794.03 43.64 69.19 343900.00
Revenue YoY 66.77 139.15 209.37 91.14 125.90 53.68 72.07 109.19 50.82 51.82 79.98
EBITDA YoY 77.61 183.92 155.43 205.95 48.29 74.55 72.19 -96.43
Net Profit YoY 1105.08 572.12 42.72 68.10 -58.61

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 3.59 9.62 1.29 4.18 1.02
Quick Ratio 0.61 0.53 0.25 0.57 0.57
Current Ratio 0.96 1.17 1.07 1.42 1.12
Debt to Equity 2.89 2.63 2.90 1.33 1.04
Long-Term Debt to Equity 2.13 1.69 1.84 0.96 0.85
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 1.86 1.44 1.74 3.64 2.78 4.80 3.25 10.12 8.68 1.91 1.47 1.40 1.35 4.36 2.36 4.29 0.82 1.01 1.25 1.02
Quick Ratio 0.35 0.29 0.26 0.61 0.41 0.37 0.33 0.53 0.60 0.32 0.25 0.25 0.20 0.26 0.24 0.57 0.24 0.35 0.36 0.57
Current Ratio 0.99 0.90 0.86 0.96 1.11 0.98 1.08 1.17 1.22 1.17 1.17 1.07 1.10 1.05 1.11 1.42 0.99 0.91 0.68 1.12
Debt to Equity 6.28 6.89 6.90 2.89 3.38 4.35 4.24 2.63 4.79 4.67 4.97 2.90 5.28 5.93 3.50 1.33 3.96 3.45 3.25 1.04
Long-Term Debt to Equity 4.67 4.94 4.89 2.13 2.49 2.98 3.04 1.69 3.20 3.25 3.40 1.84 3.15 3.25 2.15 0.96 2.65 2.59 2.36 0.85

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 6.12 3.87 -3.20 -3.30 1.86
ROE 23.81 14.03 -12.47 -7.68 3.80
Gross Margin
Operating Margin 20.99 17.00 -10.19 -11.19 18.12
EBITDA Margin 31.63 30.23 4.72 5.78 36.01
Net Profit Margin 10.75 10.10 -8.94 -10.55 5.56
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31
ROA 1.87 0.15 -0.70 5.86 0.84 -0.09 5.25 3.86 2.25 -2.79 -4.40 -0.87 -6.68 -7.43 -7.89
ROE 13.61 1.22 -5.54 25.63 4.52 -0.48 30.37 21.86 13.40 -17.51 -30.54 -3.90 -33.16 -33.06 -33.53
Gross Margin
Operating Margin 13.28 10.08 3.78 28.51 15.00 5.50 22.19 23.40 24.47 -10.53 -42.92 -11.78 -25.96 -42.27 -77.83
EBITDA Margin 24.62 23.12 19.48 42.85 32.06 23.67 34.51 35.76 35.25 5.45 -20.56 5.57 -8.26 -25.49 -61.90
Net Profit Margin 3.62 0.50 -5.45 16.82 4.78 -1.15 14.33 15.43 15.80 -9.95 -35.01 -9.12 -22.82 -34.75 -63.70

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 43,448,000.00 38,599,000.00 38,379,000.00 38,583,000.00 34,133,000.00
   Current Assets 8,162,000.00 11,674,000.00 11,209,000.00 8,575,000.00 3,514,000.00
      Cash and Short-Term Investments 1,238,000.00 3,556,000.00 546,000.00 2,014,000.00 498,000.00
            Cash and Cash Equivalents 1,238,000.00 3,516,000.00 509,000.00 1,993,000.00 479,000.00
            Short-Term Investments 0 40,000.00 37,000.00 21,000.00 19,000.00
      Net Receivables 3,977,000.00 1,674,000.00 2,070,000.00 1,405,000.00 1,286,000.00
      Inventory 970,000.00 740,000.00 570,000.00 610,000.00 515,000.00
      Other Current Assets 1,977,000.00 5,704,000.00 8,023,000.00 4,546,000.00 1,215,000.00
   Non-Current Assets 35,286,000.00 26,925,000.00 27,170,000.00 30,008,000.00 30,619,000.00
      Property, Plant, Equipment Net 33,807,000.00 12,485,000.00 12,608,000.00 13,099,000.00 13,547,000.00
      Goodwill 5,390,000.00 2,583,000.00 5,341,000.00 5,341,000.00 5,341,000.00
      Intangible Assets 2,213,000.00 1,864,000.00 1,973,000.00 2,177,000.00 2,493,000.00
      Long-Term Investments 9,182,000.00 6,542,000.00 1,729,000.00 2,049,000.00 1,759,000.00
      Non-Current Deferred Assets 969,000.00 2,309,000.00 2,729,000.00 2,318,000.00 1,621,000.00
      Other Non-Current Assets -16,275,000.00 1,142,000.00 2,790,000.00 5,024,000.00 5,858,000.00
Liabilities 32,282,000.00 27,955,000.00 28,543,000.00 21,999,000.00 17,411,000.00
   Current Liabilities 8,503,000.00 9,950,000.00 10,470,000.00 6,032,000.00 3,130,000.00
      Payables and Expenses 1,947,000.00 1,659,000.00 1,918,000.00 1,979,000.00 1,253,000.00
            Account Payables 1,738,000.00 1,456,000.00 1,719,000.00 1,772,000.00 1,013,000.00
            Current Accrued Liabilities 209,000.00 203,000.00 199,000.00 207,000.00 240,000.00
      Short-Term Debt 880,000.00 2,293,000.00 696,000.00 259,000.00 103,000.00
      Other Current Liabilities 5,676,000.00 5,998,000.00 7,856,000.00 3,794,000.00 1,774,000.00
   Non-Current Liabilities 23,779,000.00 18,005,000.00 18,073,000.00 15,967,000.00 14,281,000.00
      Long-Term Debt 15,418,000.00 12,164,000.00 11,978,000.00 10,515,000.00 9,275,000.00
      Other Non-Current Liabilities 8,361,000.00 5,841,000.00 6,095,000.00 5,452,000.00 5,006,000.00
Equity 11,166,000.00 10,644,000.00 9,836,000.00 16,584,000.00 16,722,000.00
   Shareholders Equity 5,570,000.00 5,307,000.00 4,902,000.00 8,291,000.00 8,371,000.00
      Capital Stock 2,481,000.00 2,481,000.00 2,005,000.00 2,005,000.00 5,000.00
      Share Premium 9,435,000.00 10,095,000.00 9,928,000.00 9,824,000.00 9,786,000.00
      Retained Earnings -454,000.00 -2,613,000.00 -3,643,000.00 -1,964,000.00 -399,000.00
      Treasury Shares 5,912,000.00 4,662,000.00 3,395,000.00 1,558,000.00 973,000.00
      Accumulated Other Comprehensive Income 20,000.00 6,000.00 7,000.00 -16,000.00 -48,000.00
   Minority Interest 13,000.00 15,000.00 16,000.00 1,000.00 -10,000.00
Investments 9,182,000.00 6,622,000.00 1,803,000.00 2,091,000.00 1,797,000.00
Debt 16,298,000.00 14,457,000.00 12,674,000.00 10,774,000.00 9,378,000.00
Net Debt 15,060,000.00 10,901,000.00 12,128,000.00 8,760,000.00 8,880,000.00
Common Shares Outstanding 339,754.31 351,457.02 389,754.87 469,072.60 489,305.89
Preferred Shares Outstanding 2,476.07 0 0 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 24,730,000.00 14,779,000.00 13,728,000.00 12,077,000.00 11,443,000.00
   Selling, General and Administrative Expenses 4,666,000.00 1,388,000.00 1,258,000.00 1,093,000.00 1,107,000.00
Operating Income 3,979,000.00 5,227,000.00 -2,439,000.00 -3,100,000.00 2,951,000.00
Net Non-Operating Income -591,000.00 -3,455,000.00 672,000.00 1,364,000.00 -2,145,000.00
Interest Expense 1,802,000.00 740,000.00 368,000.00 384,000.00 1,267,000.00
EBT 3,388,000.00 1,772,000.00 -1,767,000.00 -1,736,000.00 806,000.00
Income Tax 1,293,000.00 958,000.00 747,000.00 920,000.00 507,000.00
Equity Method Investments Income 0 0 0 0 4,000.00
Net Income Including Non-Controlling Interests 2,506,000.00 1,494,000.00 -1,210,000.00 -1,264,000.00 648,000.00
Net Income Non-Controlling Interests 153,000.00 -1,000.00 -17,000.00 -10,000.00 -12,000.00
Net Income 2,659,000.00 1,493,000.00 -1,227,000.00 -1,274,000.00 636,000.00
EBIT 5,190,000.00 2,512,000.00 -1,399,000.00 -1,352,000.00 2,073,000.00
Deprecation and Amortization 2,631,000.00 1,956,000.00 2,047,000.00 2,050,000.00 2,048,000.00
EBITDA 7,821,000.00 4,468,000.00 648,000.00 698,000.00 4,121,000.00
EPS 0.01 0.00 -0.00 -0.00 0.00
Diluted EPS 0.01 0.00 -0.00 -0.00 0.00
Average Shares Outstanding Basic 344,788.63 369,771.36 422,447.07 482,214.54 488,668.26
Average Shares Outstanding Diluted 352,567.06 375,193.11 422,447.07 482,214.54 491,090.47
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 4,526,000.00 5,422,000.00 458,000.00 -244,000.00 3,251,000.00
   Operating Net Income 12,889,000.00 7,462,000.00 -3,647,000.00 -3,802,000.00 1,884,000.00
   Deprecation and Amortization 2,631,000.00 1,956,000.00 2,047,000.00 2,050,000.00 2,048,000.00
   Deferred Income Tax 607,000.00 457,000.00 -359,000.00 -475,000.00 230,000.00
   Share Based Compensation 100,000.00 77,000.00 63,000.00 47,000.00 65,000.00
   Change in Working Capital 915,000.00 -549,000.00 76,000.00 1,456,000.00 -212,000.00
   Other Operating Activities -12,616,000.00 -3,981,000.00 2,278,000.00 480,000.00 -764,000.00
Investing Cash Flow -3,421,000.00 -520,000.00 536,000.00 -1,736,000.00 -482,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 4,273,000.00 3,362,000.00 3,900,000.00 2,060,000.00 1,967,000.00
   Net Purchase/Sale of Investments Net 3,000.00 5,000.00 4,000.00 4,000.00 -24,000.00
   Net Purchase/Sale of Business 3,065,000.00 0 0 0 0
   Other Investing Activities -10,762,000.00 -3,887,000.00 -3,368,000.00 -3,800,000.00 -2,425,000.00
Financing Cash Flow -3,431,000.00 -1,911,000.00 -2,442,000.00 3,490,000.00 -2,826,000.00
   Net Issuance/Repayment of Debt 9,808,000.00 2,956,000.00 14,574,000.00 9,047,000.00 7,271,000.00
   Net Issuance/Repurchase of Equity 1,266,000.00 1,245,000.00 1,949,000.00 471,000.00 0
   Dividends Paid 956,000.00 926,000.00 906,000.00 290,000.00 266,000.00
   Other Financing Activities -15,461,000.00 -7,038,000.00 -19,871,000.00 -6,318,000.00 -10,363,000.00
Net Change in Cash -2,317,000.00 3,014,000.00 -1,448,000.00 1,510,000.00 -57,000.00
   Cash at Beginning of Period 3,539,000.00 525,000.00 1,973,000.00 -151,000.00 501,000.00
   Cash at End of Period 1,222,000.00 3,539,000.00 525,000.00 1,359,000.00 444,000.00
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 38,020,000.00 38,146,000.00 38,228,000.00 43,448,000.00 37,878,000.00 39,125,000.00 38,178,000.00 38,599,000.00 31,945,000.00 30,472,000.00 31,117,000.00 38,379,000.00 35,175,000.00 37,468,000.00 32,833,000.00 38,583,000.00 29,932,000.00 27,015,000.00 25,886,000.00 34,133,000.00
   Current Assets 8,381,000.00 8,484,000.00 8,430,000.00 8,162,000.00 8,531,000.00 9,826,000.00 9,433,000.00 11,674,000.00 10,699,000.00 8,911,000.00 9,512,000.00 11,209,000.00 13,145,000.00 15,153,000.00 10,913,000.00 8,575,000.00 7,846,000.00 4,749,000.00 3,688,000.00 3,514,000.00
      Cash and Short-Term Investments 632,000.00 489,000.00 590,000.00 1,238,000.00 963,000.00 1,670,000.00 1,134,000.00 3,556,000.00 3,250,000.00 723,000.00 564,000.00 546,000.00 581,000.00 1,921,000.00 1,068,000.00 2,014,000.00 395,000.00 490,000.00 605,000.00 498,000.00
            Cash and Cash Equivalents 632,000.00 489,000.00 590,000.00 1,238,000.00 963,000.00 1,670,000.00 1,134,000.00 3,516,000.00 3,250,000.00 723,000.00 564,000.00 509,000.00 581,000.00 1,921,000.00 1,068,000.00 1,993,000.00 395,000.00 490,000.00 605,000.00 479,000.00
            Short-Term Investments 0 0 0 0 0 0 0 40,000.00 0 0 0 37,000.00 0 0 0 21,000.00 0 0 0 19,000.00
      Net Receivables 2,327,000.00 2,229,000.00 1,924,000.00 3,977,000.00 2,179,000.00 2,094,000.00 1,729,000.00 1,674,000.00 2,017,000.00 1,681,000.00 1,464,000.00 2,070,000.00 1,854,000.00 1,790,000.00 1,275,000.00 1,405,000.00 1,529,000.00 1,352,000.00 1,316,000.00 1,286,000.00
      Inventory 970,000.00 965,000.00 960,000.00 970,000.00 949,000.00 964,000.00 976,000.00 740,000.00 685,000.00 676,000.00 629,000.00 570,000.00 590,000.00 601,000.00 546,000.00 610,000.00 471,000.00 486,000.00 467,000.00 515,000.00
      Other Current Assets 4,452,000.00 4,801,000.00 4,956,000.00 1,977,000.00 4,440,000.00 5,098,000.00 5,594,000.00 5,704,000.00 4,747,000.00 5,831,000.00 6,855,000.00 8,023,000.00 10,120,000.00 10,841,000.00 8,024,000.00 4,546,000.00 5,451,000.00 2,421,000.00 1,300,000.00 1,215,000.00
   Non-Current Assets 29,639,000.00 29,662,000.00 29,798,000.00 35,286,000.00 29,347,000.00 29,299,000.00 28,745,000.00 26,925,000.00 21,246,000.00 21,561,000.00 21,605,000.00 27,170,000.00 22,030,000.00 22,315,000.00 21,920,000.00 30,008,000.00 22,086,000.00 22,266,000.00 22,198,000.00 30,619,000.00
      Property, Plant, Equipment Net 17,890,000.00 17,906,000.00 17,886,000.00 33,807,000.00 34,207,000.00 18,279,000.00 18,076,000.00 12,485,000.00 12,399,000.00 12,591,000.00 12,661,000.00 12,608,000.00 12,589,000.00 12,824,000.00 12,926,000.00 13,099,000.00 13,135,000.00 13,369,000.00 13,435,000.00 13,547,000.00
      Goodwill 2,810,000.00 2,810,000.00 2,810,000.00 5,390,000.00 2,802,000.00 2,922,000.00 5,460,000.00 2,583,000.00 2,583,000.00 2,583,000.00 2,583,000.00 5,341,000.00 2,583,000.00 2,583,000.00 2,583,000.00 5,341,000.00 2,583,000.00 2,583,000.00 2,583,000.00 5,341,000.00
      Intangible Assets 2,097,000.00 2,252,000.00 2,321,000.00 2,213,000.00 2,157,000.00 2,263,000.00 2,278,000.00 1,864,000.00 1,883,000.00 1,912,000.00 1,940,000.00 1,973,000.00 2,002,000.00 2,042,000.00 2,158,000.00 2,177,000.00 2,229,000.00 2,290,000.00 2,329,000.00 2,493,000.00
      Long-Term Investments 5,008,000.00 4,752,000.00 4,476,000.00 9,182,000.00 4,520,000.00 4,310,000.00 4,219,000.00 6,542,000.00 1,857,000.00 1,915,000.00 1,832,000.00 1,729,000.00 1,637,000.00 1,715,000.00 1,952,000.00 2,049,000.00 1,915,000.00 1,912,000.00 1,803,000.00 1,759,000.00
      Non-Current Deferred Assets 9,000.00 9,000.00 9,000.00 969,000.00 0 0 0 2,309,000.00 1,239,000.00 1,385,000.00 1,475,000.00 2,729,000.00 1,653,000.00 1,818,000.00 1,400,000.00 2,318,000.00 1,421,000.00 1,464,000.00 1,361,000.00 1,621,000.00
      Other Non-Current Assets 1,825,000.00 1,933,000.00 2,296,000.00 -16,275,000.00 -14,339,000.00 1,525,000.00 -1,288,000.00 1,142,000.00 1,285,000.00 1,175,000.00 1,114,000.00 2,790,000.00 1,566,000.00 1,333,000.00 901,000.00 5,024,000.00 803,000.00 648,000.00 687,000.00 5,858,000.00
Liabilities 32,797,000.00 33,310,000.00 33,390,000.00 32,282,000.00 29,225,000.00 31,818,000.00 30,894,000.00 27,955,000.00 26,424,000.00 25,098,000.00 25,901,000.00 28,543,000.00 29,574,000.00 32,065,000.00 25,531,000.00 21,999,000.00 23,901,000.00 20,947,000.00 19,793,000.00 17,411,000.00
   Current Liabilities 8,426,000.00 9,434,000.00 9,753,000.00 8,503,000.00 7,660,000.00 10,057,000.00 8,775,000.00 9,950,000.00 8,748,000.00 7,626,000.00 8,162,000.00 10,470,000.00 11,911,000.00 14,499,000.00 9,865,000.00 6,032,000.00 7,922,000.00 5,223,000.00 5,406,000.00 3,130,000.00
      Payables and Expenses 1,767,000.00 1,607,000.00 1,673,000.00 1,947,000.00 1,712,000.00 1,714,000.00 1,426,000.00 1,659,000.00 1,398,000.00 1,377,000.00 1,225,000.00 1,918,000.00 1,670,000.00 1,773,000.00 1,474,000.00 1,979,000.00 1,411,000.00 1,367,000.00 1,332,000.00 1,253,000.00
            Account Payables 1,587,000.00 1,464,000.00 1,572,000.00 1,738,000.00 1,513,000.00 1,532,000.00 1,308,000.00 1,456,000.00 1,237,000.00 1,232,000.00 1,118,000.00 1,719,000.00 1,510,000.00 1,628,000.00 1,365,000.00 1,772,000.00 1,248,000.00 1,216,000.00 1,184,000.00 1,013,000.00
            Current Accrued Liabilities 180,000.00 143,000.00 101,000.00 209,000.00 199,000.00 182,000.00 118,000.00 203,000.00 161,000.00 145,000.00 107,000.00 199,000.00 160,000.00 145,000.00 109,000.00 207,000.00 163,000.00 151,000.00 148,000.00 240,000.00
      Short-Term Debt 231,000.00 1,091,000.00 882,000.00 880,000.00 798,000.00 1,950,000.00 565,000.00 2,293,000.00 1,943,000.00 445,000.00 46,000.00 696,000.00 46,000.00 1,347,000.00 129,000.00 259,000.00 387,000.00 518,000.00 1,788,000.00 103,000.00
      Other Current Liabilities 6,428,000.00 6,736,000.00 7,198,000.00 5,676,000.00 5,150,000.00 6,393,000.00 6,784,000.00 5,998,000.00 5,407,000.00 5,804,000.00 6,891,000.00 7,856,000.00 10,195,000.00 11,379,000.00 8,262,000.00 3,794,000.00 6,124,000.00 3,338,000.00 2,286,000.00 1,774,000.00
   Non-Current Liabilities 24,371,000.00 23,876,000.00 23,637,000.00 23,779,000.00 21,565,000.00 21,761,000.00 22,119,000.00 18,005,000.00 17,676,000.00 17,472,000.00 17,739,000.00 18,073,000.00 17,663,000.00 17,566,000.00 15,666,000.00 15,967,000.00 15,979,000.00 15,724,000.00 14,387,000.00 14,281,000.00
      Long-Term Debt 15,757,000.00 15,540,000.00 15,423,000.00 15,418,000.00 14,044,000.00 14,010,000.00 14,749,000.00 12,164,000.00 11,807,000.00 11,579,000.00 11,975,000.00 11,978,000.00 11,980,000.00 11,986,000.00 10,510,000.00 10,515,000.00 10,526,000.00 10,522,000.00 9,350,000.00 9,275,000.00
      Other Non-Current Liabilities 8,614,000.00 8,336,000.00 8,214,000.00 8,361,000.00 7,521,000.00 7,751,000.00 7,370,000.00 5,841,000.00 5,869,000.00 5,893,000.00 5,764,000.00 6,095,000.00 5,683,000.00 5,580,000.00 5,156,000.00 5,452,000.00 5,453,000.00 5,202,000.00 5,037,000.00 5,006,000.00
Equity 5,223,000.00 4,836,000.00 4,838,000.00 11,166,000.00 8,653,000.00 7,307,000.00 7,284,000.00 10,644,000.00 5,521,000.00 5,374,000.00 5,216,000.00 9,836,000.00 5,601,000.00 5,403,000.00 7,302,000.00 16,584,000.00 6,031,000.00 6,068,000.00 6,093,000.00 16,722,000.00
   Shareholders Equity 5,210,000.00 4,823,000.00 4,825,000.00 5,570,000.00 5,441,000.00 5,593,000.00 5,656,000.00 5,307,000.00 5,506,000.00 5,359,000.00 5,201,000.00 4,902,000.00 5,582,000.00 5,392,000.00 7,300,000.00 8,291,000.00 6,036,000.00 6,076,000.00 6,100,000.00 8,371,000.00
      Capital Stock 2,481,000.00 2,481,000.00 2,481,000.00 2,481,000.00 2,481,000.00 2,481,000.00 2,481,000.00 2,481,000.00 2,005,000.00 2,005,000.00 2,005,000.00 2,005,000.00 2,005,000.00 2,005,000.00 2,005,000.00 2,005,000.00 5,000.00 5,000.00 5,000.00 5,000.00
      Share Premium 9,491,000.00 9,450,000.00 9,407,000.00 9,435,000.00 9,396,000.00 10,917,000.00 10,878,000.00 10,095,000.00 10,075,000.00 9,993,000.00 9,952,000.00 9,928,000.00 9,923,000.00 9,890,000.00 9,844,000.00 9,824,000.00 9,829,000.00 9,816,000.00 9,805,000.00 9,786,000.00
      Retained Earnings -107,000.00 -642,000.00 -835,000.00 -454,000.00 -759,000.00 -2,533,000.00 -2,762,000.00 -2,613,000.00 -2,306,000.00 -2,696,000.00 -3,058,000.00 -3,643,000.00 -3,284,000.00 -3,842,000.00 -2,363,000.00 -1,964,000.00 -2,619,000.00 -2,552,000.00 -2,516,000.00 -399,000.00
      Treasury Shares 6,675,000.00 6,485,000.00 6,248,000.00 5,912,000.00 5,684,000.00 5,278,000.00 4,947,000.00 4,662,000.00 4,278,000.00 3,955,000.00 3,706,000.00 3,395,000.00 3,052,000.00 2,645,000.00 2,170,000.00 1,558,000.00 1,148,000.00 1,148,000.00 1,148,000.00 973,000.00
      Accumulated Other Comprehensive Income 20,000.00 19,000.00 20,000.00 20,000.00 7,000.00 6,000.00 6,000.00 6,000.00 10,000.00 12,000.00 8,000.00 7,000.00 -10,000.00 -16,000.00 -16,000.00 -16,000.00 -31,000.00 -45,000.00 -46,000.00 -48,000.00
   Minority Interest 13,000.00 13,000.00 13,000.00 13,000.00 14,000.00 1,714,000.00 1,628,000.00 15,000.00 15,000.00 15,000.00 15,000.00 16,000.00 19,000.00 11,000.00 2,000.00 1,000.00 -5,000.00 -8,000.00 -7,000.00 -10,000.00
Investments 5,008,000.00 4,752,000.00 4,476,000.00 9,182,000.00 4,520,000.00 4,310,000.00 4,219,000.00 6,622,000.00 1,857,000.00 1,915,000.00 1,832,000.00 1,803,000.00 1,637,000.00 1,715,000.00 1,952,000.00 2,091,000.00 1,915,000.00 1,912,000.00 1,803,000.00 1,797,000.00
Debt 15,988,000.00 16,631,000.00 16,305,000.00 16,298,000.00 14,842,000.00 15,960,000.00 15,314,000.00 14,457,000.00 13,750,000.00 12,024,000.00 12,021,000.00 12,674,000.00 12,026,000.00 13,333,000.00 10,639,000.00 10,774,000.00 10,913,000.00 11,040,000.00 11,138,000.00 9,378,000.00
Net Debt 15,356,000.00 16,142,000.00 15,715,000.00 15,060,000.00 13,879,000.00 14,290,000.00 14,180,000.00 10,901,000.00 10,500,000.00 11,301,000.00 11,457,000.00 12,128,000.00 11,445,000.00 11,412,000.00 9,571,000.00 8,760,000.00 10,518,000.00 10,550,000.00 10,533,000.00 8,880,000.00
Common Shares Outstanding 338,679.64 339,121.86 340,048.49 339,754.31 340,717.44 345,293.46 348,733.99 351,457.02 362,113.66 369,625.54 378,648.60 389,754.87 405,444.07 420,839.23 438,694.98 469,072.60 482,551.34 482,468.56 481,468.09 489,305.89
Preferred Shares Outstanding 2,476.07 2,476.07 2,476.07 2,476.07 0 0 0 0 0 0 0 0 0 0 0 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
Revenues 19,619,000.00 11,764,000.00 4,919,000.00 1,590,000.00 13,187,000.00 6,899,000.00 3,054,000.00 -8,961,000.00 11,701,000.00 7,614,000.00 4,425,000.00 -3,969,000.00 9,859,000.00 4,713,000.00 3,125,000.00 -5,665,000.00 8,763,000.00 5,772,000.00 3,207,000.00
   Selling, General and Administrative Expenses 3,637,000.00 2,364,000.00 1,143,000.00 2,452,000.00 1,137,000.00 726,000.00 351,000.00 -450,000.00 953,000.00 597,000.00 288,000.00 -493,000.00 894,000.00 569,000.00 288,000.00 -431,000.00 771,000.00 502,000.00 251,000.00
Operating Income 1,432,000.00 395,000.00 -120,000.00 -483,000.00 3,482,000.00 894,000.00 86,000.00 -185,000.00 2,559,000.00 1,722,000.00 1,131,000.00 4,239,000.00 -2,158,000.00 -3,944,000.00 -576,000.00 11,910,000.00 -4,802,000.00 -5,042,000.00 -5,166,000.00
Net Non-Operating Income -617,000.00 -436,000.00 -324,000.00 233,000.00 -466,000.00 -270,000.00 -88,000.00 -2,540,000.00 -413,000.00 -247,000.00 -255,000.00 -2,268,000.00 934,000.00 1,805,000.00 201,000.00 -5,954,000.00 2,239,000.00 2,438,000.00 2,641,000.00
Interest Expense 1,791,000.00 1,227,000.00 630,000.00 478,000.00 743,000.00 411,000.00 170,000.00 -224,000.00 450,000.00 307,000.00 207,000.00 59,000.00 186,000.00 116,000.00 7,000.00 -97,000.00 288,000.00 164,000.00 29,000.00
EBT 815,000.00 -41,000.00 -444,000.00 -250,000.00 3,016,000.00 624,000.00 -2,000.00 -2,725,000.00 2,146,000.00 1,475,000.00 876,000.00 1,971,000.00 -1,224,000.00 -2,139,000.00 -375,000.00 5,956,000.00 -2,563,000.00 -2,604,000.00 -2,525,000.00
Income Tax 209,000.00 199,000.00 352,000.00 440,000.00 694,000.00 139,000.00 20,000.00 9,000.00 470,000.00 301,000.00 178,000.00 -104,000.00 262,000.00 498,000.00 91,000.00 -734,000.00 569,000.00 600,000.00 485,000.00
Net Income Including Non-Controlling Interests 3,336,000.00 816,000.00 -1,141,000.00 305,000.00 2,114,000.00 175,000.00 -88,000.00 -2,060,000.00 1,678,000.00 1,176,000.00 700,000.00 1,735,000.00 -1,000,000.00 -1,659,000.00 -286,000.00 4,796,000.00 -2,006,000.00 -2,008,000.00 -2,046,000.00
Net Income Non-Controlling Interests -2,625,000.00 -757,000.00 873,000.00 -159,000.00 104,000.00 155,000.00 53,000.00 2,000.00 -1,000.00 -1,000.00 -1,000.00 -46,000.00 19,000.00 9,000.00 1,000.00 -21,000.00 6,000.00 2,000.00 3,000.00
Net Income 711,000.00 59,000.00 -268,000.00 146,000.00 2,218,000.00 330,000.00 -35,000.00 -2,058,000.00 1,677,000.00 1,175,000.00 699,000.00 1,689,000.00 -981,000.00 -1,650,000.00 -285,000.00 4,775,000.00 -2,000,000.00 -2,006,000.00 -2,043,000.00
EBIT 2,606,000.00 1,186,000.00 186,000.00 228,000.00 3,759,000.00 1,035,000.00 168,000.00 -2,949,000.00 2,596,000.00 1,782,000.00 1,083,000.00 2,030,000.00 -1,038,000.00 -2,023,000.00 -368,000.00 5,859,000.00 -2,275,000.00 -2,440,000.00 -2,496,000.00
Deprecation and Amortization 2,225,000.00 1,534,000.00 772,000.00 -992,000.00 1,891,000.00 1,177,000.00 555,000.00 -904,000.00 1,442,000.00 941,000.00 477,000.00 -1,124,000.00 1,575,000.00 1,054,000.00 542,000.00 -981,000.00 1,551,000.00 969,000.00 511,000.00
EBITDA 4,831,000.00 2,720,000.00 958,000.00 -764,000.00 5,650,000.00 2,212,000.00 723,000.00 -3,853,000.00 4,038,000.00 2,723,000.00 1,560,000.00 906,000.00 537,000.00 -969,000.00 174,000.00 4,878,000.00 -724,000.00 -1,471,000.00 -1,985,000.00
EPS 0.00 -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 0.00 -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 339,313.29 339,599.89 339,799.99 335,867.10 346,315.12 348,006.11 348,966.20 342,866.17 374,323.47 378,264.43 383,631.37 366,467.51 431,381.15 440,336.29 451,603.35 475,644.09 483,150.21 485,364.61 484,699.27
Average Shares Outstanding Diluted 346,303.62 339,599.89 339,799.99 351,940.68 353,805.94 355,555.43 348,966.20 351,700.24 379,102.36 382,416.47 387,553.38 366,467.51 431,381.15 440,336.29 451,603.35 475,644.09 483,150.21 485,364.61 484,699.27
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 2,638,000.00 1,171,000.00 599,000.00 -504,000.00 3,210,000.00 1,508,000.00 312,000.00 -3,597,000.00 4,572,000.00 3,012,000.00 1,435,000.00 498,000.00 92,000.00 -723,000.00 591,000.00 2,959,000.00 -493,000.00 -1,057,000.00 -1,653,000.00
   Operating Net Income 3,336,000.00 816,000.00 -1,141,000.00 10,063,000.00 2,322,000.00 485,000.00 19,000.00 -6,733,000.00 6,705,000.00 4,697,000.00 2,793,000.00 7,930,000.00 -3,867,000.00 -6,573,000.00 -1,137,000.00 20,361,000.00 -7,982,000.00 -8,018,000.00 -8,163,000.00
   Deprecation and Amortization 2,225,000.00 1,534,000.00 772,000.00 -992,000.00 1,891,000.00 1,177,000.00 555,000.00 -904,000.00 1,442,000.00 941,000.00 477,000.00 -1,124,000.00 1,575,000.00 1,054,000.00 542,000.00 -981,000.00 1,551,000.00 969,000.00 511,000.00
   Deferred Income Tax 68,000.00 -128,000.00 -185,000.00 -151,000.00 666,000.00 115,000.00 -23,000.00 -451,000.00 437,000.00 290,000.00 181,000.00 524,000.00 -298,000.00 -501,000.00 -84,000.00 1,262,000.00 -587,000.00 -626,000.00 -524,000.00
   Share Based Compensation 82,000.00 46,000.00 21,000.00 -50,000.00 76,000.00 53,000.00 21,000.00 -51,000.00 63,000.00 43,000.00 22,000.00 -33,000.00 48,000.00 34,000.00 14,000.00 -30,000.00 36,000.00 25,000.00 16,000.00
   Change in Working Capital 469,000.00 265,000.00 -181,000.00 -270,000.00 756,000.00 480,000.00 -51,000.00 -1,073,000.00 459,000.00 207,000.00 -142,000.00 140,000.00 235,000.00 -24,000.00 -275,000.00 4,568,000.00 -884,000.00 -947,000.00 -1,281,000.00
   Other Operating Activities -3,542,000.00 -1,362,000.00 1,313,000.00 -9,104,000.00 -2,501,000.00 -802,000.00 -209,000.00 5,615,000.00 -4,534,000.00 -3,166,000.00 -1,896,000.00 -6,939,000.00 2,399,000.00 5,287,000.00 1,531,000.00 -22,221,000.00 7,373,000.00 7,540,000.00 7,788,000.00
Investing Cash Flow -2,162,000.00 -1,671,000.00 -1,061,000.00 9,263,000.00 -4,959,000.00 -4,197,000.00 -3,528,000.00 2,342,000.00 -1,382,000.00 -967,000.00 -513,000.00 2,511,000.00 -886,000.00 -609,000.00 -480,000.00 -189,000.00 -843,000.00 -575,000.00 -129,000.00
   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 2,505,000.00 1,875,000.00 1,096,000.00 -426,000.00 2,443,000.00 1,516,000.00 740,000.00 -202,000.00 1,709,000.00 1,273,000.00 582,000.00 622,000.00 1,631,000.00 1,151,000.00 496,000.00 -134,000.00 1,146,000.00 783,000.00 265,000.00
   Net Purchase/Sale of Investments Net -7,000.00 8,000.00 2,000.00 8,000.00 2,000.00 -7,000.00 0 -13,000.00 10,000.00 6,000.00 2,000.00 -8,000.00 10,000.00 8,000.00 -6,000.00 69,000.00 -27,000.00 -27,000.00 -11,000.00
   Net Purchase/Sale of Business 0 0 0 -6,135,000.00 3,065,000.00 3,065,000.00 3,070,000.00 0 0 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities -4,660,000.00 -3,554,000.00 -2,159,000.00 15,816,000.00 -10,469,000.00 -8,771,000.00 -7,338,000.00 2,557,000.00 -3,101,000.00 -2,246,000.00 -1,097,000.00 1,897,000.00 -2,527,000.00 -1,768,000.00 -970,000.00 -124,000.00 -1,962,000.00 -1,331,000.00 -383,000.00
Financing Cash Flow -1,060,000.00 -227,000.00 -164,000.00 -4,185,000.00 -850,000.00 811,000.00 793,000.00 1,325,000.00 -490,000.00 -1,872,000.00 -874,000.00 -3,912,000.00 3,000.00 1,880,000.00 -413,000.00 -1,399,000.00 1,279,000.00 1,671,000.00 1,939,000.00
   Net Issuance/Repayment of Debt 3,462,000.00 2,079,000.00 6,000.00 -4,627,000.00 8,173,000.00 4,306,000.00 1,956,000.00 -1,386,000.00 2,621,000.00 864,000.00 857,000.00 -4,709,000.00 10,230,000.00 8,921,000.00 132,000.00 -10,624,000.00 6,584,000.00 6,451,000.00 6,636,000.00
   Net Issuance/Repurchase of Equity 776,000.00 589,000.00 337,000.00 -668,000.00 1,021,000.00 622,000.00 291,000.00 -474,000.00 866,000.00 552,000.00 301,000.00 -1,545,000.00 1,590,000.00 1,194,000.00 710,000.00 -54,000.00 175,000.00 175,000.00 175,000.00
   Dividends Paid 346,000.00 248,000.00 104,000.00 296,000.00 343,000.00 240,000.00 77,000.00 318,000.00 303,000.00 228,000.00 77,000.00 298,000.00 303,000.00 228,000.00 77,000.00 -150,000.00 219,000.00 147,000.00 74,000.00
   Other Financing Activities -5,644,000.00 -3,143,000.00 -611,000.00 814,000.00 -10,387,000.00 -4,357,000.00 -1,531,000.00 2,867,000.00 -4,280,000.00 -3,516,000.00 -2,109,000.00 2,044,000.00 -12,120,000.00 -8,463,000.00 -1,332,000.00 9,429,000.00 -5,699,000.00 -5,102,000.00 -4,946,000.00
Net Change in Cash -584,000.00 -727,000.00 -626,000.00 4,583,000.00 -2,599,000.00 -1,878,000.00 -2,423,000.00 93,000.00 2,700,000.00 173,000.00 48,000.00 -903,000.00 -791,000.00 548,000.00 -302,000.00 1,371,000.00 -57,000.00 39,000.00 157,000.00
   Cash at Beginning of Period 1,222,000.00 1,222,000.00 1,222,000.00 -3,361,000.00 3,539,000.00 3,539,000.00 3,539,000.00 3,446,000.00 525,000.00 525,000.00 525,000.00 1,428,000.00 1,359,000.00 1,359,000.00 1,359,000.00 -12,000.00 444,000.00 444,000.00 444,000.00
   Cash at End of Period 638,000.00 495,000.00 596,000.00 1,222,000.00 940,000.00 1,661,000.00 1,116,000.00 3,539,000.00 3,225,000.00 698,000.00 573,000.00 525,000.00 568,000.00 1,907,000.00 1,057,000.00 1,359,000.00 387,000.00 483,000.00 601,000.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0