Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 39.38 53.41 5.75 15.39 47.39
Price to Sales 1.88 1.31 0.50 0.40 0.23
Book Value Per Common Share 27.36 32.74 8.80 9.90 26.56
Price to Book 4.79 2.68 3.78 4.65 1.55
Price to Operating Cash Flow 18.83 14.90 4.60 7.15 4.29
Price to Free Cash Flow
Enterprise Value to EBITDA 129389.37 118156.42 48778.35 48239.92 33947.76
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 59.30 84.76 182.34 40.12 56.76 210.40 65.49 143.90 245.38 4.00 5.22 10.18 24.50 19.51 39.49
Price to Sales 2.48 3.69 6.44 2.03 3.01 7.01 1.49 1.79 1.94 0.31 0.49 1.43 0.56 0.54 0.95
Book Value Per Common Share 15.53 15.09 13.90 27.36 14.15 12.92 11.48 32.74 10.32 9.65 9.09 8.80 15.53 14.84 13.90 9.90 8.83 26.13 24.79 26.56
Price to Book 8.32 8.37 7.74 4.79 7.60 8.21 10.63 2.68 7.24 6.12 3.51 3.78 1.70 1.93 3.11 4.65 5.35 1.85 1.72 1.55
Price to Operating Cash Flow 20.07 38.31 88.64 20.15 34.69 97.62 20.05 34.39 54.42 4.62 8.31 24.75 8.38 9.78 26.13
Price to Free Cash Flow
Enterprise Value to EBITDA 117525.95 248387.65 470202.73 97974.72 148366.63 534207.91 138359.62 191194.42 225680.95 21627.15 30226.59 65898.56 68845.85 61178.68 115406.31

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 103.05 -71.68 93.65 243.68
Revenue YoY 4.24 0.34 -39.73 -21.20
EBITDA YoY 37.91 9.55 -28.44 -11.46
Net Profit YoY 104.76 -71.62 98.21 205.45
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 46.31 152.54 43.32 222.41 178.05 215.38 20.62 28.94 -22.18 129.63
Revenue YoY 52.36 106.45 50.11 103.02 51.78 100.52 45.37 93.06 -3.72 105.49
EBITDA YoY 114.50 122.22 53.37 213.21 74.86 118.29 29.20 44.24 -10.84 114.01
Net Profit YoY 46.86 153.62 43.78 223.88 178.72 235.71 20.83 28.89 -21.03 135.65

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 2.12 3.55 4.00 2.32 22.33
Quick Ratio 0.86 0.87 0.94 0.93 0.96
Current Ratio 1.06 1.00 1.08 1.05 1.04
Debt to Equity 3.81 4.92 5.19 6.65 4.68
Long-Term Debt to Equity 2.93 3.66 3.71 4.42 2.87
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 2.84 1.91 1.81 2.10 3.26 2.16 1.97 3.55 3.06 2.50 2.66 4.00 4.73 3.79 8.73 2.26 2.29 7.35 5.93 20.14
Quick Ratio 0.86 0.85 0.83 0.86 0.92 0.87 0.81 0.87 0.93 0.85 0.86 0.94 1.05 1.00 0.95 0.93 0.89 0.91 0.90 0.96
Current Ratio 1.02 1.02 1.02 1.06 1.06 1.00 0.94 1.00 1.06 0.99 1.01 1.08 1.16 1.11 1.04 1.05 1.01 1.02 1.02 1.04
Debt to Equity 3.50 3.57 3.80 3.81 3.83 4.16 4.71 4.92 4.37 4.68 5.02 5.19 3.76 4.06 4.83 6.65 7.40 4.25 4.27 4.68
Long-Term Debt to Equity 2.59 2.67 2.86 2.93 2.88 3.13 3.49 3.66 3.10 3.31 3.55 3.71 2.39 2.52 2.68 4.42 4.91 2.77 2.84 2.87

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 5.02 2.52 10.62 3.86 0.68
ROE 24.16 14.93 65.81 29.53 3.86
Gross Margin 35.93 30.15 51.69
Operating Margin 8.62 5.53 5.09 4.85 2.91
EBITDA Margin 14.69 11.11 10.17 8.57 7.62
Net Profit Margin 4.79 2.44 8.63 2.62 0.68
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 3.14 2.15 0.88 3.94 2.81 0.88 2.04 0.74 0.22 8.94 7.28 5.24 2.51 1.74 0.75
ROE 14.14 9.83 4.21 19.01 14.48 5.03 10.94 4.20 1.33 42.55 36.85 30.54 21.06 9.13 3.95
Gross Margin 31.94 31.54 29.83 30.70 50.64 51.24
Operating Margin 8.33 8.58 7.52 8.81 8.57 7.33 5.31 3.92 3.30 10.85 12.80 18.40 4.58 4.98 4.65
EBITDA Margin 20.94 14.87 13.82 20.70 20.26 13.13 10.79 9.36 8.60 14.44 16.24 21.74 8.36 9.03 8.67
Net Profit Margin 4.18 4.34 3.53 5.07 5.30 3.32 2.26 1.23 0.73 7.80 9.38 14.05 2.27 2.76 2.41

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 7,712,000.00 7,492,000.00 6,269,000.00 8,707,000.00 16,169,000.00
   Current Assets 1,505,000.00 1,593,000.00 1,630,000.00 2,677,000.00 5,370,000.00
      Cash and Short-Term Investments 246,000.00 412,000.00 460,000.00 260,000.00 2,054,000.00
            Cash and Cash Equivalents 246,000.00 412,000.00 460,000.00 260,000.00 2,054,000.00
            Short-Term Investments 0 0 0 0 0
      Net Receivables 977,000.00 973,000.00 954,000.00 2,105,000.00 2,886,000.00
      Inventory 0 0 0 0 0
      Other Current Assets 282,000.00 208,000.00 216,000.00 312,000.00 430,000.00
   Non-Current Assets 6,207,000.00 5,899,000.00 4,639,000.00 6,030,000.00 10,799,000.00
      Property, Plant, Equipment Net 4,129,000.00 4,236,000.00 2,551,000.00 2,716,000.00 5,764,000.00
      Goodwill 1,461,000.00 1,498,000.00 1,472,000.00 2,479,000.00 4,599,000.00
      Intangible Assets 361,000.00 422,000.00 407,000.00 580,000.00 974,000.00
      Long-Term Investments 0 0 0 0 0
      Non-Current Deferred Assets 11,000.00 15,000.00 4,000.00 8,000.00 12,000.00
      Other Non-Current Assets 245,000.00 -272,000.00 205,000.00 247,000.00 -550,000.00
Liabilities 6,110,000.00 6,226,000.00 5,257,000.00 7,569,000.00 13,320,000.00
   Current Liabilities 1,420,000.00 1,590,000.00 1,507,000.00 2,538,000.00 5,153,000.00
      Payables and Expenses 1,185,000.00 1,307,000.00 1,295,000.00 2,217,000.00 3,069,000.00
            Account Payables 477,000.00 532,000.00 521,000.00 1,110,000.00 1,255,000.00
            Current Accrued Liabilities 708,000.00 775,000.00 774,000.00 1,107,000.00 1,814,000.00
      Short-Term Debt 127,000.00 121,000.00 107,000.00 170,000.00 483,000.00
      Other Current Liabilities 108,000.00 162,000.00 105,000.00 151,000.00 1,601,000.00
   Non-Current Liabilities 4,690,000.00 4,636,000.00 3,750,000.00 5,031,000.00 8,167,000.00
      Long-Term Debt 10,411,000.00 10,408,000.00 7,861,000.00 11,112,000.00 12,533,000.00
      Other Non-Current Liabilities -5,721,000.00 -5,772,000.00 -4,111,000.00 -6,081,000.00 -4,366,000.00
Equity 1,602,000.00 1,266,000.00 1,012,000.00 1,138,000.00 2,849,000.00
   Shareholders Equity 3,201,000.00 3,798,000.00 1,012,000.00 1,138,000.00 2,709,000.00
      Capital Stock 0 0 0 0 1,000.00
      Share Premium 1,274,000.00 1,298,000.00 1,238,000.00 1,179,000.00 1,998,000.00
      Retained Earnings 572,000.00 185,000.00 -4,000.00 43,000.00 868,000.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -246,000.00 -217,000.00 -222,000.00 -84,000.00 -158,000.00
   Minority Interest 0 0 0 0 140,000.00
Investments 50,000.00 45,000.00 43,000.00 47,000.00 65,000.00
Debt 10,538,000.00 10,529,000.00 7,968,000.00 11,282,000.00 13,016,000.00
Net Debt 10,292,000.00 10,117,000.00 7,508,000.00 11,022,000.00 10,962,000.00
Common Shares Outstanding 117,000.00 116,000.00 115,000.00 115,000.00 102,000.00
Preferred Shares Outstanding 0 0 0 0 1.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 8,072,000.00 7,744,000.00 7,718,000.00 12,806,000.00 16,252,000.00
Cost Of Revenue 0 0 4,945,000.00 8,945,000.00 7,852,000.00
Gross Profit 0 0 2,773,000.00 3,861,000.00 8,400,000.00
Operating Expenses 0 0 2,396,000.00 3,245,000.00 8,009,000.00
   Selling, General and Administrative Expenses 134,000.00 167,000.00 678,000.00 1,322,000.00 2,172,000.00
   Other Operating Expenses 0 0 1,718,000.00 1,923,000.00 5,837,000.00
Operating Income 660,000.00 438,000.00 377,000.00 616,000.00 391,000.00
Net Non-Operating Income -187,000.00 -178,000.00 -119,000.00 -206,000.00 -243,000.00
Interest Expense 223,000.00 168,000.00 135,000.00 211,000.00 325,000.00
EBT 473,000.00 260,000.00 258,000.00 410,000.00 148,000.00
Income Tax 86,000.00 68,000.00 74,000.00 87,000.00 31,000.00
Net Income Including Non-Controlling Interests 0 567,000.00 1,998,000.00 1,018,000.00 103,000.00
Net Income Non-Controlling Interests 0 -378,000.00 -1,332,000.00 -682,000.00 7,000.00
Net Income 387,000.00 189,000.00 666,000.00 336,000.00 110,000.00
EBIT 696,000.00 428,000.00 393,000.00 621,000.00 473,000.00
Deprecation and Amortization 490,000.00 432,000.00 392,000.00 476,000.00 766,000.00
EBITDA 1,186,000.00 860,000.00 785,000.00 1,097,000.00 1,239,000.00
EPS 0.00 0.00 0.01 0.00 0.00
Diluted EPS 0.00 0.00 0.01 0.00 0.00
Average Shares Outstanding Basic 116,000.00 116,000.00 115,000.00 112,000.00 92,000.00
Average Shares Outstanding Diluted 120,000.00 118,000.00 116,000.00 114,000.00 102,000.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 808,000.00 682,000.00 832,000.00 721,000.00 885,000.00
   Operating Net Income 387,000.00 567,000.00 1,998,000.00 1,018,000.00 344,000.00
   Deprecation and Amortization 490,000.00 432,000.00 392,000.00 476,000.00 766,000.00
   Deferred Income Tax 57,000.00 31,000.00 80,000.00 5,000.00 -81,000.00
   Share Based Compensation 87,000.00 78,000.00 77,000.00 37,000.00 59,000.00
   Change in Working Capital 145,000.00 7,000.00 165,000.00 743,000.00 423,000.00
   Other Operating Activities -358,000.00 -433,000.00 -1,880,000.00 -1,558,000.00 -626,000.00
Investing Cash Flow -702,000.00 -621,000.00 245,000.00 -277,000.00 -357,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 864,000.00 1,562,000.00 521,000.00 313,000.00 526,000.00
   Net Purchase/Sale of Investments Net 12,000.00 0 0 3,000.00 26,000.00
   Net Purchase/Sale of Business 0 0 0 0 0
   Other Investing Activities -1,578,000.00 -2,183,000.00 -276,000.00 -593,000.00 -909,000.00
Financing Cash Flow 0 0 -1,000.00 -2,234,000.00 1,136,000.00
   Net Issuance/Repayment of Debt -9,000.00 2,996,000.00 530,000.00 200,000.00 2,995,000.00
   Net Issuance/Repurchase of Equity 0 0 0 384,000.00 114,000.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities 0 0 -531,000.00 -2,818,000.00 -1,973,000.00
Net Change in Cash -120,000.00 -51,000.00 197,000.00 -1,792,000.00 1,678,000.00
   Cash at Beginning of Period 418,000.00 470,000.00 273,000.00 2,065,000.00 387,000.00
   Cash at End of Period 298,000.00 419,000.00 470,000.00 273,000.00 2,065,000.00
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 8,189,000.00 8,133,000.00 7,879,000.00 7,712,000.00 7,923,000.00 7,729,000.00 7,603,000.00 7,492,000.00 6,428,000.00 6,352,000.00 6,348,000.00 6,269,000.00 8,503,000.00 8,640,000.00 9,320,000.00 8,707,000.00 8,533,000.00 15,564,000.00 15,369,000.00 16,169,000.00
   Current Assets 1,699,000.00 1,623,000.00 1,580,000.00 1,505,000.00 1,654,000.00 1,548,000.00 1,528,000.00 1,593,000.00 1,613,000.00 1,522,000.00 1,565,000.00 1,630,000.00 2,831,000.00 2,916,000.00 3,555,000.00 2,677,000.00 2,550,000.00 4,464,000.00 4,271,000.00 5,370,000.00
      Cash and Short-Term Investments 335,000.00 225,000.00 212,000.00 246,000.00 378,000.00 250,000.00 229,000.00 412,000.00 355,000.00 290,000.00 309,000.00 460,000.00 544,000.00 436,000.00 1,004,000.00 260,000.00 254,000.00 801,000.00 629,000.00 2,054,000.00
            Cash and Cash Equivalents 335,000.00 225,000.00 212,000.00 246,000.00 378,000.00 250,000.00 229,000.00 412,000.00 355,000.00 290,000.00 309,000.00 460,000.00 544,000.00 436,000.00 1,004,000.00 260,000.00 254,000.00 801,000.00 629,000.00 2,054,000.00
            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 1,103,000.00 1,132,000.00 1,083,000.00 977,000.00 1,064,000.00 1,088,000.00 1,077,000.00 973,000.00 1,059,000.00 1,008,000.00 1,019,000.00 954,000.00 2,013,000.00 2,190,000.00 2,248,000.00 2,105,000.00 1,987,000.00 3,171,000.00 3,137,000.00 2,886,000.00
      Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Other Current Assets 261,000.00 266,000.00 285,000.00 282,000.00 212,000.00 210,000.00 222,000.00 208,000.00 199,000.00 224,000.00 237,000.00 216,000.00 274,000.00 290,000.00 303,000.00 312,000.00 309,000.00 492,000.00 505,000.00 430,000.00
   Non-Current Assets 6,490,000.00 6,510,000.00 6,299,000.00 6,207,000.00 6,269,000.00 6,181,000.00 6,075,000.00 5,899,000.00 4,815,000.00 4,830,000.00 4,783,000.00 4,639,000.00 5,672,000.00 5,724,000.00 5,765,000.00 6,030,000.00 5,983,000.00 11,100,000.00 11,098,000.00 10,799,000.00
      Property, Plant, Equipment Net 4,404,000.00 4,402,000.00 4,248,000.00 4,129,000.00 4,107,000.00 4,047,000.00 3,984,000.00 4,236,000.00 2,767,000.00 2,741,000.00 2,695,000.00 2,551,000.00 2,644,000.00 2,631,000.00 2,617,000.00 2,716,000.00 2,650,000.00 5,228,000.00 5,253,000.00 5,764,000.00
      Goodwill 1,546,000.00 1,553,000.00 1,491,000.00 1,461,000.00 1,516,000.00 1,481,000.00 1,484,000.00 1,498,000.00 1,465,000.00 1,493,000.00 1,483,000.00 1,472,000.00 2,229,000.00 2,284,000.00 2,332,000.00 2,479,000.00 2,493,000.00 4,572,000.00 4,554,000.00 4,599,000.00
      Intangible Assets 325,000.00 340,000.00 350,000.00 361,000.00 381,000.00 392,000.00 406,000.00 422,000.00 366,000.00 383,000.00 396,000.00 407,000.00 496,000.00 522,000.00 548,000.00 580,000.00 603,000.00 923,000.00 955,000.00 974,000.00
      Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 0 0 0 11,000.00 0 0 0 15,000.00 0 0 0 4,000.00 0 0 0 8,000.00 0 0 0 12,000.00
      Other Non-Current Assets 215,000.00 215,000.00 210,000.00 245,000.00 265,000.00 261,000.00 201,000.00 -272,000.00 217,000.00 213,000.00 209,000.00 205,000.00 303,000.00 287,000.00 268,000.00 247,000.00 237,000.00 377,000.00 336,000.00 -550,000.00
Liabilities 6,371,000.00 6,352,000.00 6,239,000.00 6,110,000.00 6,282,000.00 6,230,000.00 6,271,000.00 6,226,000.00 5,231,000.00 5,233,000.00 5,293,000.00 5,257,000.00 6,717,000.00 6,933,000.00 7,722,000.00 7,569,000.00 7,517,000.00 12,597,000.00 12,455,000.00 13,320,000.00
   Current Liabilities 1,667,000.00 1,599,000.00 1,551,000.00 1,420,000.00 1,563,000.00 1,542,000.00 1,622,000.00 1,590,000.00 1,522,000.00 1,533,000.00 1,546,000.00 1,507,000.00 2,442,000.00 2,634,000.00 3,432,000.00 2,538,000.00 2,527,000.00 4,377,000.00 4,176,000.00 5,153,000.00
      Payables and Expenses 1,281,000.00 1,275,000.00 1,259,000.00 1,185,000.00 1,250,000.00 1,249,000.00 1,352,000.00 1,307,000.00 1,300,000.00 1,264,000.00 1,297,000.00 1,295,000.00 2,109,000.00 2,259,000.00 2,414,000.00 2,217,000.00 2,162,000.00 3,410,000.00 3,295,000.00 3,069,000.00
            Account Payables 465,000.00 498,000.00 501,000.00 477,000.00 445,000.00 477,000.00 570,000.00 532,000.00 473,000.00 464,000.00 505,000.00 521,000.00 1,022,000.00 1,153,000.00 1,330,000.00 1,110,000.00 963,000.00 1,293,000.00 1,329,000.00 1,255,000.00
            Current Accrued Liabilities 816,000.00 777,000.00 758,000.00 708,000.00 805,000.00 772,000.00 782,000.00 775,000.00 827,000.00 800,000.00 792,000.00 774,000.00 1,087,000.00 1,106,000.00 1,084,000.00 1,107,000.00 1,199,000.00 2,117,000.00 1,966,000.00 1,814,000.00
      Short-Term Debt 152,000.00 148,000.00 131,000.00 127,000.00 134,000.00 129,000.00 129,000.00 121,000.00 111,000.00 110,000.00 110,000.00 107,000.00 145,000.00 142,000.00 134,000.00 170,000.00 153,000.00 584,000.00 533,000.00 483,000.00
      Other Current Liabilities 234,000.00 176,000.00 161,000.00 108,000.00 179,000.00 164,000.00 141,000.00 162,000.00 111,000.00 159,000.00 139,000.00 105,000.00 188,000.00 233,000.00 884,000.00 151,000.00 212,000.00 383,000.00 348,000.00 1,601,000.00
   Non-Current Liabilities 4,704,000.00 4,753,000.00 4,688,000.00 4,690,000.00 4,719,000.00 4,688,000.00 4,649,000.00 4,636,000.00 3,709,000.00 3,700,000.00 3,747,000.00 3,750,000.00 4,275,000.00 4,299,000.00 4,290,000.00 5,031,000.00 4,990,000.00 8,220,000.00 8,279,000.00 8,167,000.00
      Long-Term Debt 10,175,000.00 10,466,000.00 10,418,000.00 10,411,000.00 10,457,000.00 10,427,000.00 10,396,000.00 10,408,000.00 7,768,000.00 7,784,000.00 7,875,000.00 7,861,000.00 9,078,000.00 9,110,000.00 9,771,000.00 11,112,000.00 11,035,000.00 17,251,000.00 17,253,000.00 12,533,000.00
      Other Non-Current Liabilities -5,471,000.00 -5,713,000.00 -5,730,000.00 -5,721,000.00 -5,738,000.00 -5,739,000.00 -5,747,000.00 -5,772,000.00 -4,059,000.00 -4,084,000.00 -4,128,000.00 -4,111,000.00 -4,803,000.00 -4,811,000.00 -5,481,000.00 -6,081,000.00 -6,045,000.00 -9,031,000.00 -8,974,000.00 -4,366,000.00
Equity 1,818,000.00 1,781,000.00 1,640,000.00 1,602,000.00 1,641,000.00 1,499,000.00 1,332,000.00 1,266,000.00 1,197,000.00 1,119,000.00 1,055,000.00 1,012,000.00 1,786,000.00 1,707,000.00 1,598,000.00 1,138,000.00 1,016,000.00 2,967,000.00 2,914,000.00 2,849,000.00
   Shareholders Equity 1,817,000.00 1,781,000.00 1,640,000.00 3,201,000.00 1,641,000.00 1,499,000.00 1,332,000.00 3,798,000.00 1,197,000.00 1,119,000.00 1,055,000.00 1,012,000.00 1,786,000.00 1,707,000.00 1,598,000.00 1,138,000.00 1,016,000.00 2,927,000.00 2,776,000.00 2,709,000.00
      Capital Stock 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,000.00
      Share Premium 1,196,000.00 1,233,000.00 1,227,000.00 1,274,000.00 1,340,000.00 1,322,000.00 1,302,000.00 1,298,000.00 1,284,000.00 1,268,000.00 1,252,000.00 1,238,000.00 1,195,000.00 1,187,000.00 1,176,000.00 1,179,000.00 1,174,000.00 1,971,000.00 1,988,000.00 1,998,000.00
      Retained Earnings 829,000.00 747,000.00 641,000.00 572,000.00 496,000.00 402,000.00 252,000.00 185,000.00 127,000.00 43,000.00 10,000.00 -4,000.00 803,000.00 672,000.00 531,000.00 43,000.00 -79,000.00 1,139,000.00 983,000.00 868,000.00
      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 -208,000.00 -199,000.00 -228,000.00 -246,000.00 -195,000.00 -225,000.00 -222,000.00 -217,000.00 -214,000.00 -192,000.00 -207,000.00 -222,000.00 -212,000.00 -152,000.00 -109,000.00 -84,000.00 -79,000.00 -183,000.00 -195,000.00 -158,000.00
   Minority Interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 40,000.00 138,000.00 140,000.00
Investments 0 0 0 50,000.00 0 0 0 45,000.00 0 0 0 43,000.00 0 0 0 47,000.00 0 0 0 65,000.00
Debt 10,327,000.00 10,614,000.00 10,549,000.00 10,538,000.00 10,591,000.00 10,556,000.00 10,525,000.00 10,529,000.00 7,879,000.00 7,894,000.00 7,985,000.00 7,968,000.00 9,223,000.00 9,252,000.00 9,905,000.00 11,282,000.00 11,188,000.00 17,835,000.00 17,786,000.00 13,016,000.00
Net Debt 9,992,000.00 10,389,000.00 10,337,000.00 10,292,000.00 10,213,000.00 10,306,000.00 10,296,000.00 10,117,000.00 7,524,000.00 7,604,000.00 7,676,000.00 7,508,000.00 8,679,000.00 8,816,000.00 8,901,000.00 11,022,000.00 10,934,000.00 17,034,000.00 17,157,000.00 10,962,000.00
Common Shares Outstanding 117,000.00 118,000.00 118,000.00 117,000.00 116,000.00 116,000.00 116,000.00 116,000.00 116,000.00 116,000.00 116,000.00 115,000.00 115,000.00 115,000.00 115,000.00 115,000.00 115,000.00 112,000.00 112,000.00 102,000.00
Preferred Shares Outstanding 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.00
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 6,146,000.00 4,034,000.00 1,954,000.00 -4,193,000.00 6,150,000.00 4,097,000.00 2,018,000.00 -3,791,000.00 5,804,000.00 3,824,000.00 1,907,000.00 -12,207,000.00 9,747,000.00 6,705,000.00 3,473,000.00 -11,223,000.00 9,445,000.00 9,810,000.00 4,774,000.00
Cost Of Revenue 0 0 0 0 0 0 0 0 0 0 0 -8,716,000.00 6,634,000.00 4,590,000.00 2,437,000.00 -4,770,000.00 6,545,000.00 4,842,000.00 2,328,000.00
Gross Profit 0 0 0 0 0 0 0 0 0 0 0 -3,491,000.00 3,113,000.00 2,115,000.00 1,036,000.00 -6,453,000.00 2,900,000.00 4,968,000.00 2,446,000.00
Operating Expenses 0 0 0 0 0 0 0 0 0 0 0 -1,295,000.00 2,073,000.00 1,260,000.00 358,000.00 -5,977,000.00 2,458,000.00 4,520,000.00 2,244,000.00
   Selling, General and Administrative Expenses 272,000.00 75,000.00 69,000.00 -80,000.00 105,000.00 71,000.00 38,000.00 -96,000.00 129,000.00 90,000.00 44,000.00 -1,300,000.00 966,000.00 668,000.00 344,000.00 -1,449,000.00 1,001,000.00 1,182,000.00 588,000.00
   Other Operating Expenses 0 0 0 0 0 0 0 0 0 0 0 5,000.00 1,107,000.00 592,000.00 14,000.00 -4,528,000.00 1,457,000.00 3,338,000.00 1,656,000.00
Operating Income 513,000.00 349,000.00 151,000.00 -324,000.00 511,000.00 335,000.00 138,000.00 -104,000.00 319,000.00 165,000.00 58,000.00 -2,196,000.00 1,040,000.00 855,000.00 678,000.00 -476,000.00 442,000.00 448,000.00 202,000.00
Net Non-Operating Income -167,000.00 -115,000.00 -60,000.00 98,000.00 -139,000.00 -98,000.00 -48,000.00 96,000.00 -137,000.00 -100,000.00 -37,000.00 107,000.00 -85,000.00 -65,000.00 -76,000.00 119,000.00 -185,000.00 -91,000.00 -49,000.00
Interest Expense 166,000.00 112,000.00 56,000.00 -119,000.00 170,000.00 114,000.00 58,000.00 -85,000.00 126,000.00 85,000.00 42,000.00 -73,000.00 103,000.00 68,000.00 37,000.00 -166,000.00 176,000.00 132,000.00 69,000.00
EBT 346,000.00 234,000.00 91,000.00 -226,000.00 372,000.00 237,000.00 90,000.00 -8,000.00 182,000.00 65,000.00 21,000.00 -2,089,000.00 955,000.00 790,000.00 602,000.00 -357,000.00 257,000.00 357,000.00 153,000.00
Income Tax 89,000.00 59,000.00 22,000.00 23,000.00 20,000.00 20,000.00 23,000.00 -1,000.00 48,000.00 17,000.00 4,000.00 -393,000.00 194,000.00 160,000.00 113,000.00 -89,000.00 60,000.00 81,000.00 35,000.00
Net Income Including Non-Controlling Interests 0 0 0 0 312,000.00 217,000.00 67,000.00 375,000.00 131,000.00 47,000.00 14,000.00 -3,633,000.00 2,280,000.00 1,887,000.00 1,464,000.00 -808,000.00 652,000.00 823,000.00 351,000.00
Net Income Non-Controlling Interests 0 0 0 0 0.00 0.00 0.00 -378,000.00 0.00 0.00 0.00 2,422,000.00 -1,520,000.00 -1,258,000.00 -976,000.00 544,000.00 -438,000.00 -552,000.00 -236,000.00
Net Income 257,000.00 175,000.00 69,000.00 -209,000.00 312,000.00 217,000.00 67,000.00 -3,000.00 131,000.00 47,000.00 14,000.00 -1,211,000.00 760,000.00 629,000.00 488,000.00 -264,000.00 214,000.00 271,000.00 115,000.00
EBIT 512,000.00 346,000.00 147,000.00 -345,000.00 542,000.00 351,000.00 148,000.00 -93,000.00 308,000.00 150,000.00 63,000.00 -2,162,000.00 1,058,000.00 858,000.00 639,000.00 -523,000.00 433,000.00 489,000.00 222,000.00
Deprecation and Amortization 775,000.00 254,000.00 123,000.00 -837,000.00 731,000.00 479,000.00 117,000.00 -195,000.00 318,000.00 208,000.00 101,000.00 -304,000.00 349,000.00 231,000.00 116,000.00 -470,000.00 357,000.00 397,000.00 192,000.00
EBITDA 1,287,000.00 600,000.00 270,000.00 -1,182,000.00 1,273,000.00 830,000.00 265,000.00 -288,000.00 626,000.00 358,000.00 164,000.00 -2,466,000.00 1,407,000.00 1,089,000.00 755,000.00 -993,000.00 790,000.00 886,000.00 414,000.00
EPS 0.00 0.00 0.00 -0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.00 0.01 0.01 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 0.01 0.01 0.00 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 118,000.00 118,000.00 117,000.00 116,000.00 116,000.00 116,000.00 116,000.00 116,000.00 116,000.00 116,000.00 116,000.00 115,000.00 115,000.00 115,000.00 115,000.00 122,000.00 111,000.00 109,000.00 106,000.00
Average Shares Outstanding Diluted 120,000.00 119,000.00 120,000.00 120,000.00 120,000.00 120,000.00 120,000.00 121,000.00 118,000.00 117,000.00 116,000.00 116,000.00 116,000.00 116,000.00 116,000.00 117,000.00 114,000.00 113,000.00 112,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Operating Cash Flow 760,000.00 389,000.00 142,000.00 -311,000.00 619,000.00 355,000.00 145,000.00 -17,000.00 432,000.00 199,000.00 68,000.00 -424,000.00 659,000.00 396,000.00 201,000.00 -617,000.00 626,000.00 539,000.00 173,000.00
   Operating Net Income 257,000.00 175,000.00 69,000.00 -209,000.00 312,000.00 217,000.00 67,000.00 375,000.00 131,000.00 47,000.00 14,000.00 -3,633,000.00 2,280,000.00 1,887,000.00 1,464,000.00 -808,000.00 652,000.00 823,000.00 351,000.00
   Deprecation and Amortization 775,000.00 254,000.00 123,000.00 -837,000.00 731,000.00 479,000.00 117,000.00 -195,000.00 318,000.00 208,000.00 101,000.00 -304,000.00 349,000.00 231,000.00 116,000.00 -470,000.00 357,000.00 397,000.00 192,000.00
   Deferred Income Tax 72,000.00 6,000.00 4,000.00 -15,000.00 39,000.00 25,000.00 8,000.00 23,000.00 16,000.00 -6,000.00 -2,000.00 76,000.00 10,000.00 6,000.00 -12,000.00 5,000.00 5,000.00 -1,000.00 -4,000.00
   Share Based Compensation 46,000.00 31,000.00 15,000.00 -38,000.00 64,000.00 42,000.00 19,000.00 -43,000.00 58,000.00 41,000.00 22,000.00 25,000.00 26,000.00 18,000.00 8,000.00 -27,000.00 29,000.00 25,000.00 10,000.00
   Change in Working Capital 74,000.00 76,000.00 99,000.00 -385,000.00 129,000.00 216,000.00 185,000.00 -243,000.00 127,000.00 38,000.00 85,000.00 -1,331,000.00 291,000.00 528,000.00 677,000.00 -287,000.00 505,000.00 296,000.00 229,000.00
   Other Operating Activities -464,000.00 -153,000.00 -168,000.00 1,173,000.00 -656,000.00 -624,000.00 -251,000.00 66,000.00 -218,000.00 -129,000.00 -152,000.00 4,743,000.00 -2,297,000.00 -2,274,000.00 -2,052,000.00 970,000.00 -922,000.00 -1,001,000.00 -605,000.00
Investing Cash Flow -532,000.00 -382,000.00 -191,000.00 678,000.00 -598,000.00 -483,000.00 -299,000.00 406,000.00 -471,000.00 -341,000.00 -215,000.00 -1,143,000.00 353,000.00 464,000.00 571,000.00 210,000.00 -238,000.00 -154,000.00 -95,000.00
   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 569,000.00 407,000.00 206,000.00 -598,000.00 640,000.00 509,000.00 313,000.00 449,000.00 513,000.00 368,000.00 232,000.00 -298,000.00 405,000.00 274,000.00 140,000.00 -459,000.00 284,000.00 312,000.00 176,000.00
   Net Purchase/Sale of Investments Net 0 0 0 4,000.00 8,000.00 0 0 0 0 0 0 0 0 0 0 43,000.00 3,000.00 -34,000.00 -9,000.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities -1,101,000.00 -789,000.00 -397,000.00 1,272,000.00 -1,246,000.00 -992,000.00 -612,000.00 -43,000.00 -984,000.00 -709,000.00 -447,000.00 -845,000.00 -52,000.00 190,000.00 431,000.00 626,000.00 -525,000.00 -432,000.00 -262,000.00
Financing Cash Flow -185,000.00 -74,000.00 -30,000.00 0 -59,000.00 -35,000.00 -29,000.00 0 -72,000.00 -36,000.00 0 23,000.00 0 0 -24,000.00 3,088,000.00 -2,182,000.00 -1,639,000.00 -1,501,000.00
   Net Issuance/Repayment of Debt 24,000.00 22,000.00 38,000.00 -79,000.00 32,000.00 27,000.00 11,000.00 -1,058,000.00 2,007,000.00 2,028,000.00 19,000.00 -604,000.00 556,000.00 575,000.00 3,000.00 -448,000.00 233,000.00 214,000.00 201,000.00
   Net Issuance/Repurchase of Equity 57,000.00 10,000.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0.00 384,000.00 0 0
   Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
   Other Financing Activities -266,000.00 -106,000.00 -68,000.00 0 -91,000.00 -62,000.00 -40,000.00 0 -2,079,000.00 -2,064,000.00 0 -504,000.00 0 0 -27,000.00 3,536,000.00 -2,799,000.00 -1,853,000.00 -1,702,000.00
Net Change in Cash 42,000.00 -65,000.00 -78,000.00 258,000.00 -33,000.00 -162,000.00 -183,000.00 386,000.00 -109,000.00 -173,000.00 -155,000.00 -1,002,000.00 281,000.00 173,000.00 745,000.00 2,687,000.00 -1,801,000.00 -1,253,000.00 -1,425,000.00
   Cash at Beginning of Period 299,000.00 298,000.00 299,000.00 40,000.00 418,000.00 418,000.00 418,000.00 33,000.00 470,000.00 470,000.00 470,000.00 1,472,000.00 273,000.00 273,000.00 273,000.00 -2,414,000.00 2,065,000.00 2,065,000.00 2,065,000.00
   Cash at End of Period 341,000.00 233,000.00 221,000.00 298,000.00 385,000.00 256,000.00 235,000.00 419,000.00 361,000.00 297,000.00 315,000.00 470,000.00 554,000.00 446,000.00 1,018,000.00 273,000.00 264,000.00 812,000.00 640,000.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0