Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings
Price to Sales
Book Value Per Common Share 34.47 30.71 29.75 7.14 6.05
Price to Book
Price to Operating Cash Flow
Price to Free Cash Flow
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31
Price to Earnings 37.25 57.57 175.26
Price to Sales 2.47 3.54 5.83
Book Value Per Common Share 36.65 35.96 34.66 32.30 31.28 30.78 29.36 29.36 28.97 28.83 30.02 32.16 6.48 5.91 5.09
Price to Book 1.97 1.89 1.57
Price to Operating Cash Flow 22.66 82.44 252.35
Price to Free Cash Flow
Enterprise Value to EBITDA 241600.98 377486.20 1009786.79

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 23400.00 -25.00
Revenue YoY 10.06 25.01 -0.73 85.95
EBITDA YoY 400.45 -6.68
Net Profit YoY 29546.41 -21.97
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31
Earning YoY 64.41 280.65 309900.00 42.59 40.26 769900.00 0.00 488.89
Revenue YoY 51.71 104.90 49.34 103.33 53.37 110.92 53.98 111.21 39.48 92.55
EBITDA YoY 65.69 232.70 43.89 57.26 487.78 356.82 -48.75 -78.30 16.44 330.18
Net Profit YoY 63.37 283.59 -76.46 42.52 41.37 41.21 0.03 523.02

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 13.09 8.21 9.72 11.59 8.70
Quick Ratio 1.28 0.77 0.90 0.99 0.94
Current Ratio 2.33 1.90 1.85 1.94 1.88
Debt to Equity 0.73 0.82 0.82 3.20 2.68
Long-Term Debt to Equity 0.33 0.29 0.33 1.56 1.14
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31
Cash Per Common Share 13.57 10.36 11.45 13.46 12.64 9.33 8.43 9.71 10.10 9.41 8.83 8.85 11.78 12.29 8.06
Quick Ratio 1.03 0.85 1.10 1.06 0.82 0.63 0.77 0.94 0.89 0.93 0.91 1.03 0.98 1.00 0.67
Current Ratio 2.18 1.96 2.27 2.07 1.82 1.64 1.91 1.92 1.83 1.86 1.80 1.97 1.90 1.95 1.68
Debt to Equity 0.74 0.67 0.70 0.83 0.95 0.88 0.83 0.75 0.79 0.76 0.71 0.67 3.63 4.05 3.90
Long-Term Debt to Equity 0.29 0.21 0.29 0.32 0.31 0.22 0.31 0.29 0.30 0.32 0.30 0.32 1.78 1.99 1.50

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 7.88 0.03 -1.72 1.19 2.16
ROE 13.64 0.05 -3.13 5.02 7.95
Gross Margin 110.56 102.73 105.89 75.08 86.34
Operating Margin 6.31 -0.13 -3.02 1.22 3.07
EBITDA Margin 7.87 1.73 -1.08 1.98 3.95
Net Profit Margin 12.01 0.04 -3.08 0.94 2.24
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31
ROA 3.04 1.98 0.52 2.62 1.78 1.33 -0.52 -0.45 -0.05 -1.47 -1.43 -0.70 1.75 1.76 0.34
ROE 5.29 3.29 0.89 4.78 3.46 2.49 -0.94 -0.78 -0.10 -2.58 -2.44 -1.17 8.09 8.88 1.69
Gross Margin 41.73 40.81 39.67 36.36 35.73 35.16 33.94 34.02 34.36 70.30 68.99 67.72 23.84 21.61 57.16
Operating Margin 8.71 7.84 4.23 5.97 6.23 8.50 -0.84 -1.43 -0.43 -3.25 -4.64 -4.88 1.86 2.47 0.80
EBITDA Margin 10.24 9.38 5.77 7.56 7.84 10.14 1.04 0.35 1.44 -1.31 -2.72 -3.11 2.56 3.07 1.37
Net Profit Margin 6.63 6.16 3.29 5.26 5.51 7.92 -1.04 -1.32 -0.34 -3.31 -4.93 -5.16 1.79 2.50 0.77

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 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets 36,777,595.00 34,069,893.00 31,364,340.00 13,925,764.00 9,869,550.00
   Current Assets 19,880,201.00 18,857,282.00 15,623,405.00 10,520,928.00 7,761,629.00
   Deposits 87,968.00 397,630.00 0 0 0
      Cash and Short-Term Investments 8,075,247.00 4,996,465.00 5,626,053.00 5,312,952.00 3,853,170.00
            Cash and Cash Equivalents 8,075,247.00 4,996,465.00 4,544,202.00 4,443,669.00 3,158,058.00
            Short-Term Investments 0 0 1,081,851.00 869,283.00 695,112.00
      Net Receivables 2,869,979.00 2,692,295.00 1,995,160.00 91,447.00 41,960.00
      Inventory 104,990.00 110,097.00 97,703.00 77,058.00 61,129.00
      Other Current Assets 8,829,985.00 11,058,425.00 7,904,489.00 5,039,471.00 3,805,370.00
   Non-Current Assets 16,897,394.00 15,212,611.00 15,740,935.00 3,404,836.00 2,107,921.00
      Property, Plant, Equipment Net 544,786.00 551,157.00 722,374.00 753,046.00 713,108.00
      Goodwill 11,417,422.00 11,919,720.00 11,966,761.00 519,276.00 316,701.00
      Intangible Assets 1,433,067.00 1,761,521.00 2,014,034.00 257,049.00 137,612.00
      Long-Term Investments 0 0 573,429.00 1,526,430.00 463,950.00
      Non-Current Deferred Assets 1,800,994.00 6,943.00 11,665.00 11,266.00 0
      Other Non-Current Assets 1,701,125.00 973,270.00 452,672.00 337,769.00 476,550.00
Liabilities 15,542,633.00 15,377,057.00 14,112,985.00 10,612,175.00 7,187,981.00
   Current Liabilities 8,546,798.00 9,921,629.00 8,434,516.00 5,435,104.00 4,126,104.00
      Payables and Expenses 843,302.00 151,023.00 558,351.00 336,784.00 286,451.00
            Account Payables 117,963.00 142,554.00 95,846.00 82,173.00 47,089.00
            Current Accrued Liabilities 725,339.00 8,469.00 462,505.00 254,611.00 239,362.00
      Short-Term Debt 1,184,497.00 753,035.00 955,236.00 1,059,060.00 980,941.00
      Other Current Liabilities 6,518,999.00 9,017,571.00 6,920,929.00 4,039,260.00 2,858,712.00
   Non-Current Liabilities 6,995,835.00 5,455,428.00 5,678,469.00 5,177,071.00 3,061,877.00
      Long-Term Debt 6,681,236.00 5,264,761.00 5,344,314.00 4,954,225.00 2,976,586.00
      Other Non-Current Liabilities 314,599.00 190,667.00 334,155.00 222,846.00 85,291.00
Equity 21,234,962.00 18,692,836.00 17,251,355.00 3,313,589.00 2,681,569.00
   Shareholders Equity 21,267,932.00 18,695,256.00 17,222,879.00 3,272,855.00 2,681,569.00
      Capital Stock 0 0 0 0 0
      Share Premium 19,900,379.00 19,601,992.00 18,314,681.00 3,317,255.00 2,955,464.00
      Retained Earnings 2,368,618.00 -528,429.00 -568,712.00 -27,965.00 -297,223.00
      Treasury Shares 0 0 0 0 0
      Accumulated Other Comprehensive Income -1,001,065.00 -378,307.00 -523,090.00 -16,435.00 23,328.00
   Minority Interest -32,970.00 -2,420.00 28,476.00 40,734.00 0
Investments 792,282.00 0 3,310,560.00 4,791,426.00 2,318,124.00
Debt 7,865,733.00 6,017,796.00 6,299,550.00 6,013,285.00 3,957,527.00
Net Debt 0 1,021,331.00 673,497.00 700,333.00 104,357.00
Common Shares Outstanding 0 0 0 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 24,121,053.00 21,915,623.00 17,531,587.00 17,661,203.00 9,497,578.00
Cost Of Revenue -2,546,055.00 -599,035.00 -1,032,289.00 4,401,734.00 1,297,351.00
Interest Income 156,198.00 0 0 24,976.00 18,257.00
Interest Expense 165,500.00 0.00 36,228.00 58,100.00 75,200.00
Net Interest -9,302.00 47,221.00 -36,228.00 -33,124.00 -56,943.00
Provisions for Credit Losses 794,221.00 660,663.00 550,683.00 187,991.00 177,670.00
Gross Profit 26,667,108.00 22,514,658.00 18,563,876.00 13,259,469.00 8,200,227.00
Operating Expenses 25,774,781.00 22,793,497.00 19,188,408.00 13,098,357.00 8,219,042.00
   Selling, General and Administrative Expenses 4,133,364.00 4,228,199.00 3,744,800.00 2,600,515.00 1,688,873.00
   Research and Development Expenses 2,914,415.00 2,720,819.00 2,135,612.00 1,399,079.00 881,826.00
   Other Operating Expenses 18,727,002.00 15,844,479.00 13,307,996.00 9,098,763.00 5,648,343.00
Operating Income 892,327.00 -278,839.00 -624,532.00 161,112.00 -18,815.00
Net Non-Operating Income 464,827.00 249,696.00 59,215.00 -3,650.00 234,782.00
EBT 1,357,154.00 -29,143.00 -565,317.00 157,462.00 215,967.00
Income Tax 1,509,343.00 8,019.00 12,312.00 1,364.00 2,862.00
Net Income Including Non-Controlling Interests 2,927,597.00 40,668.00 -528,489.00 173,742.00 0
Net Income Non-Controlling Interests -30,550.00 -30,896.00 -12,258.00 -7,458.00 0
Net Income 2,897,047.00 9,772.00 -540,747.00 166,284.00 213,105.00
EBIT 1,522,654.00 -29,143.00 -529,089.00 215,562.00 291,167.00
Deprecation and Amortization 376,127.00 408,560.00 340,523.00 134,757.00 84,212.00
EBITDA 1,898,781.00 379,417.00 -188,566.00 350,319.00 375,379.00
EPS 0.00 0.00 -0.00 0.00 0.00
Diluted EPS 0.00 0.00 -0.00 0.00 0.00
Average Shares Outstanding Basic 616,993.00 608,856.00 578,949.00 458,432.00 443,126.00
Average Shares Outstanding Diluted 636,390.00 614,024.00 578,949.00 501,779.00 482,167.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 1,707,350.00 100,961.00 175,903.00 847,830.00 381,603.00
   Operating Net Income 2,866,497.00 -42,248.00 -1,106,010.00 158,826.00 213,105.00
   Deprecation and Amortization 376,127.00 408,560.00 340,523.00 134,757.00 84,212.00
   Deferred Income Tax -1,665,812.00 -85,879.00 -69,593.00 -10,435.00 -8,016.00
   Share Based Compensation 1,272,779.00 1,276,097.00 1,071,278.00 608,040.00 397,800.00
   Change in Working Capital -121,448.00 379,271.00 369,639.00 61,983.00 -1,318,587.00
   Other Operating Activities -1,020,793.00 -1,834,840.00 -429,934.00 -105,341.00 1,013,089.00
Investing Cash Flow 649,952.00 683,201.00 1,225,696.00 -1,310,879.00 -606,636.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 153,947.00 151,151.00 170,815.00 304,320.00 138,402.00
   Net Purchase/Sale of Investments Net 2,703,394.00 2,887,393.00 2,261,701.00 4,211,186.00 2,566,200.00
   Net Purchase/Sale of Business 0 4,969.00 0 584,614.00 205,921.00
   Other Investing Activities -2,207,389.00 -2,360,312.00 -1,206,820.00 -6,410,999.00 -3,517,159.00
Financing Cash Flow 1,952,662.00 -240,137.00 97,580.00 2,652,034.00 2,315,195.00
   Net Issuance/Repayment of Debt 4,585,474.00 2,984,346.00 2,492,962.00 3,301,467.00 2,800,038.00
   Net Issuance/Repurchase of Equity 1,170,339.00 156,812.00 0 0 232,095.00
   Dividends Paid 0 0 0 0 0
   Other Financing Activities -3,803,151.00 -3,381,295.00 -2,395,382.00 -649,433.00 -716,938.00
Net Change in Cash 4,221,425.00 573,181.00 1,460,816.00 2,181,919.00 2,103,157.00
   Cash at Beginning of Period 9,009,087.00 8,435,906.00 6,975,090.00 4,793,171.00 1,098,706.00
   Cash at End of Period 13,230,512.00 9,009,087.00 8,435,906.00 6,975,090.00 3,201,863.00
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 39,182,823.00 36,858,391.00 36,395,567.00 36,777,595.00 36,355,435.00 37,546,600.00 35,612,830.00 34,069,893.00 32,554,898.00 31,075,924.00 31,337,327.00 31,364,340.00 29,120,932.00 28,885,160.00 29,127,467.00 13,925,764.00 13,909,426.00 13,815,688.00 11,348,720.00 9,869,550.00
   Current Assets 22,067,725.00 19,707,662.00 19,712,379.00 19,880,201.00 20,774,912.00 22,291,278.00 20,538,304.00 18,857,282.00 17,540,600.00 15,841,096.00 15,900,479.00 15,623,405.00 13,548,761.00 12,526,335.00 11,860,684.00 10,520,928.00 10,562,037.00 11,000,235.00 9,318,856.00 7,761,629.00
   Deposits 78,106.00 83,940.00 72,259.00 87,968.00 57,208.00 38,543.00 41,451.00 397,630.00 0 0 0 0 0 0 0 0 0 0 0 0
      Cash and Short-Term Investments 8,335,934.00 6,384,224.00 7,088,831.00 8,075,247.00 8,299,804.00 7,799,093.00 5,753,436.00 4,996,465.00 5,112,293.00 5,867,714.00 6,085,201.00 5,626,053.00 5,384,760.00 4,959,464.00 4,790,314.00 5,312,952.00 5,383,418.00 5,596,137.00 3,666,939.00 3,853,170.00
            Cash and Cash Equivalents 8,335,934.00 6,384,224.00 7,088,831.00 8,075,247.00 8,299,804.00 7,799,093.00 5,753,436.00 4,996,465.00 5,112,293.00 4,745,884.00 5,061,091.00 4,544,202.00 4,331,787.00 4,020,466.00 3,993,565.00 4,443,669.00 4,514,609.00 4,581,234.00 3,022,485.00 3,158,058.00
            Short-Term Investments 0 0 0 0 0 0 0 0 0 1,121,830.00 1,024,110.00 1,081,851.00 1,052,973.00 938,998.00 796,749.00 869,283.00 868,809.00 1,014,903.00 644,454.00 695,112.00
      Net Receivables 2,076,126.00 2,202,592.00 2,471,400.00 2,869,979.00 2,351,584.00 2,252,340.00 2,160,678.00 2,692,295.00 1,922,449.00 1,851,880.00 1,664,811.00 1,995,160.00 1,382,627.00 1,357,598.00 1,394,400.00 91,447.00 79,500.00 75,266.00 60,201.00 41,960.00
      Inventory 166,631.00 138,141.00 108,840.00 104,990.00 118,148.00 104,728.00 119,413.00 110,097.00 96,398.00 97,949.00 101,655.00 97,703.00 102,962.00 78,737.00 72,340.00 77,058.00 73,413.00 58,786.00 63,825.00 61,129.00
      Other Current Assets 11,489,034.00 10,982,705.00 10,043,308.00 8,829,985.00 10,005,376.00 12,135,117.00 12,504,777.00 11,058,425.00 10,409,460.00 8,023,553.00 8,048,812.00 7,904,489.00 6,678,412.00 6,130,536.00 5,603,630.00 5,039,471.00 5,025,706.00 5,270,046.00 5,527,891.00 3,805,370.00
   Non-Current Assets 17,115,098.00 17,150,729.00 16,683,188.00 16,897,394.00 15,580,523.00 15,255,322.00 15,074,526.00 15,212,611.00 15,014,298.00 15,234,828.00 15,436,848.00 15,740,935.00 15,572,171.00 16,358,825.00 17,266,783.00 3,404,836.00 3,347,389.00 2,815,453.00 2,029,864.00 2,107,921.00
      Property, Plant, Equipment Net 557,166.00 513,422.00 521,313.00 544,786.00 549,514.00 528,638.00 533,573.00 551,157.00 595,984.00 621,277.00 687,273.00 722,374.00 761,997.00 774,759.00 778,761.00 753,046.00 744,534.00 743,360.00 730,333.00 713,108.00
      Goodwill 11,807,858.00 11,816,794.00 11,503,741.00 11,417,422.00 12,048,108.00 11,822,260.00 11,721,329.00 11,919,720.00 11,749,198.00 11,944,085.00 11,919,274.00 11,966,761.00 11,557,984.00 11,982,135.00 12,428,930.00 519,276.00 519,548.00 501,400.00 316,437.00 316,701.00
      Intangible Assets 1,326,091.00 1,368,735.00 1,391,242.00 1,433,067.00 1,607,936.00 1,629,183.00 1,673,618.00 1,761,521.00 1,778,951.00 1,878,238.00 1,949,086.00 2,014,034.00 2,030,876.00 2,148,078.00 2,275,199.00 257,049.00 268,692.00 262,196.00 129,796.00 137,612.00
      Long-Term Investments 0 0 0 0 0 0 0 0 0 297,230.00 412,747.00 573,429.00 802,880.00 1,019,340.00 1,333,139.00 1,526,430.00 1,451,107.00 947,093.00 522,542.00 463,950.00
      Non-Current Deferred Assets 1,542,364.00 1,793,827.00 1,766,132.00 1,800,994.00 0 0 0 6,943.00 0 0 0 11,665.00 0 0 0 11,266.00 0 0 0 0
      Other Non-Current Assets 1,881,619.00 1,657,951.00 1,500,760.00 1,701,125.00 1,374,965.00 1,275,241.00 1,146,006.00 973,270.00 890,165.00 493,998.00 468,468.00 452,672.00 418,434.00 434,513.00 450,754.00 337,769.00 363,508.00 361,404.00 330,756.00 476,550.00
Liabilities 16,709,615.00 14,735,499.00 14,960,493.00 15,542,633.00 16,446,140.00 18,253,605.00 16,645,634.00 15,377,057.00 14,724,392.00 13,306,116.00 13,862,442.00 14,112,985.00 12,590,994.00 11,993,749.00 11,677,075.00 10,612,175.00 10,904,712.00 11,078,987.00 9,034,347.00 7,187,981.00
   Current Liabilities 10,107,990.00 10,071,314.00 8,686,711.00 8,546,798.00 10,039,962.00 12,230,693.00 12,501,202.00 9,921,629.00 9,192,115.00 8,239,036.00 8,706,266.00 8,434,516.00 7,278,565.00 6,960,986.00 6,030,021.00 5,435,104.00 5,549,145.00 5,646,770.00 5,561,102.00 4,126,104.00
      Payables and Expenses 797,820.00 672,882.00 836,302.00 843,302.00 668,481.00 530,698.00 572,098.00 151,023.00 655,287.00 412,748.00 498,070.00 558,351.00 445,915.00 389,614.00 388,953.00 336,784.00 249,802.00 257,008.00 263,926.00 286,451.00
            Account Payables 125,880.00 118,816.00 89,021.00 117,963.00 94,154.00 112,659.00 91,426.00 142,554.00 139,777.00 89,551.00 100,093.00 95,846.00 116,119.00 124,678.00 123,982.00 82,173.00 0 0 0 47,089.00
            Current Accrued Liabilities 671,940.00 554,066.00 747,281.00 725,339.00 574,327.00 418,039.00 480,672.00 8,469.00 515,510.00 323,197.00 397,977.00 462,505.00 329,796.00 264,936.00 264,971.00 254,611.00 249,802.00 257,008.00 263,926.00 239,362.00
      Short-Term Debt 1,886,888.00 1,690,979.00 0 1,184,497.00 1,136,863.00 1,462,005.00 1,407,623.00 753,035.00 51,858.00 530,321.00 765,734.00 955,236.00 592,690.00 721,907.00 320,629.00 1,059,060.00 1,511,840.00 1,704,485.00 1,583,893.00 980,941.00
      Other Current Liabilities 7,423,282.00 7,707,453.00 7,850,409.00 6,518,999.00 8,234,618.00 10,237,990.00 10,521,481.00 9,017,571.00 8,484,970.00 7,295,967.00 7,442,462.00 6,920,929.00 6,239,960.00 5,849,465.00 5,320,439.00 4,039,260.00 3,787,503.00 3,685,277.00 3,713,283.00 2,858,712.00
   Non-Current Liabilities 6,601,625.00 4,664,185.00 6,273,782.00 6,995,835.00 6,406,178.00 6,022,912.00 4,144,432.00 5,455,428.00 5,532,277.00 5,067,080.00 5,156,176.00 5,678,469.00 5,312,429.00 5,032,763.00 5,647,054.00 5,177,071.00 5,355,567.00 5,432,217.00 3,473,245.00 3,061,877.00
      Long-Term Debt 6,057,011.00 4,123,811.00 5,727,384.00 6,681,236.00 5,931,091.00 5,582,765.00 3,669,207.00 5,264,761.00 5,278,766.00 4,719,895.00 4,826,550.00 5,344,314.00 4,956,465.00 4,630,050.00 5,165,654.00 4,954,225.00 5,128,519.00 5,245,848.00 3,380,571.00 2,976,586.00
      Other Non-Current Liabilities 544,614.00 540,374.00 546,398.00 314,599.00 475,087.00 440,147.00 475,225.00 190,667.00 253,511.00 347,185.00 329,626.00 334,155.00 355,964.00 402,713.00 481,400.00 222,846.00 227,048.00 186,369.00 92,674.00 85,291.00
Equity 22,473,208.00 22,122,892.00 21,435,074.00 21,234,962.00 19,909,295.00 19,292,995.00 18,967,196.00 18,692,836.00 17,830,506.00 17,769,808.00 17,474,885.00 17,251,355.00 16,529,938.00 16,891,411.00 17,450,392.00 3,313,589.00 3,004,714.00 2,736,701.00 2,314,373.00 2,681,569.00
   Shareholders Equity 22,507,398.00 22,157,136.00 21,469,194.00 21,267,932.00 19,920,914.00 19,301,996.00 18,970,801.00 18,695,256.00 17,812,660.00 17,747,156.00 17,448,897.00 17,222,879.00 16,497,664.00 16,855,104.00 17,412,822.00 3,272,855.00 2,959,825.00 2,688,852.00 2,314,373.00 2,681,569.00
      Capital Stock 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
      Share Premium 19,364,651.00 19,442,101.00 19,781,519.00 19,900,379.00 19,688,228.00 19,695,521.00 19,687,428.00 19,601,992.00 19,352,152.00 18,992,590.00 18,607,008.00 18,314,681.00 17,999,192.00 17,725,198.00 17,426,629.00 3,317,255.00 2,918,372.00 2,632,234.00 2,459,415.00 2,955,464.00
      Retained Earnings 3,558,492.00 3,096,948.00 2,558,490.00 2,368,618.00 422,598.00 138,844.00 -56,424.00 -528,429.00 -737,010.00 -708,056.00 -585,550.00 -568,712.00 -454,889.00 -440,178.00 -232,164.00 -27,965.00 48,864.00 48,780.00 -155,241.00 -297,223.00
      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 -415,745.00 -381,913.00 -870,815.00 -1,001,065.00 -189,912.00 -532,369.00 -660,203.00 -378,307.00 -802,482.00 -537,378.00 -572,561.00 -523,090.00 -1,046,639.00 -429,916.00 218,357.00 -16,435.00 -7,411.00 7,838.00 10,199.00 23,328.00
   Minority Interest -34,190.00 -34,244.00 -34,120.00 -32,970.00 -11,619.00 -9,001.00 -3,605.00 -2,420.00 17,846.00 22,652.00 25,988.00 28,476.00 32,274.00 36,307.00 37,570.00 40,734.00 44,889.00 47,849.00 0 0
Investments 1,001,419.00 931,656.00 708,450.00 792,282.00 529,581.00 514,584.00 0 0 0 2,838,120.00 2,873,714.00 3,310,560.00 3,711,706.00 3,916,676.00 4,259,776.00 4,791,426.00 4,639,832.00 3,923,992.00 2,333,992.00 2,318,124.00
Debt 7,943,899.00 5,814,790.00 5,727,384.00 7,865,733.00 7,067,954.00 7,044,770.00 5,076,830.00 6,017,796.00 5,330,624.00 5,250,216.00 5,592,284.00 6,299,550.00 5,549,155.00 5,351,957.00 5,486,283.00 6,013,285.00 6,640,359.00 6,950,333.00 4,964,464.00 3,957,527.00
Net Debt 0 0 0 0 0 0 0 1,021,331.00 218,331.00 0 0 673,497.00 164,395.00 392,493.00 695,969.00 700,333.00 1,256,941.00 1,354,196.00 1,297,525.00 104,357.00
Common Shares Outstanding 0 0 0 0 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 17,941,205.00 11,826,253.00 5,771,796.00 -12,037,258.00 18,088,492.00 12,112,691.00 5,957,128.00 -9,742,177.00 16,142,581.00 10,525,088.00 4,990,131.00 -7,674,887.00 12,880,685.00 8,365,144.00 3,960,645.00 -10,716,678.00 13,582,669.00 9,737,942.00 5,057,270.00
Cost Of Revenue 10,453,502.00 7,000,120.00 3,482,193.00 -25,704,302.00 11,510,854.00 7,784,738.00 3,862,655.00 -21,482,432.00 10,663,447.00 6,944,403.00 3,275,547.00 -8,730,433.00 3,825,691.00 2,593,928.00 1,278,525.00 -15,743,299.00 10,344,889.00 7,633,377.00 2,166,767.00
Interest Income 0 0 0 156,198.00 0 0 0 0 0 0 0 0 0 0 0 24,976.00 0 0 0
Interest Expense 75,582.00 40,930.00 17,243.00 165,500.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -42,990.00 34,756.00 28,714.00 15,748.00 31,004.00 20,126.00 6,717.00 253.00
Net Interest -75,582.00 -40,930.00 -17,243.00 -55,468.00 6,805.00 20,616.00 18,745.00 8,435.00 28,520.00 7,105.00 3,161.00 42,990.00 -34,756.00 -28,714.00 -15,748.00 -6,028.00 -20,126.00 -6,717.00 -253.00
Provisions for Credit Losses 827,234.00 463,779.00 169,689.00 -278,652.00 549,603.00 357,541.00 165,729.00 -259,905.00 485,005.00 307,667.00 127,896.00 -183,747.00 395,433.00 247,847.00 91,150.00 -31,846.00 130,874.00 68,568.00 20,395.00
Gross Profit 7,487,703.00 4,826,133.00 2,289,603.00 13,667,044.00 6,577,638.00 4,327,953.00 2,094,473.00 11,740,255.00 5,479,134.00 3,580,685.00 1,714,584.00 1,055,546.00 9,054,994.00 5,771,216.00 2,682,120.00 5,026,621.00 3,237,780.00 2,104,565.00 2,890,503.00
Operating Expenses 6,264,668.00 4,012,538.00 1,960,301.00 14,460,079.00 5,698,324.00 3,771,648.00 1,844,730.00 11,726,456.00 5,627,321.00 3,718,964.00 1,720,756.00 523,376.00 9,544,345.00 6,211,778.00 2,908,909.00 5,341,701.00 3,022,054.00 1,911,835.00 2,822,767.00
   Selling, General and Administrative Expenses 3,138,532.00 1,995,225.00 996,257.00 -1,561,941.00 2,883,885.00 1,896,275.00 915,145.00 -1,692,375.00 2,976,002.00 2,015,736.00 928,836.00 -1,826,829.00 2,753,533.00 1,872,258.00 945,838.00 -903,160.00 1,816,816.00 1,141,490.00 545,369.00
   Research and Development Expenses 2,197,222.00 1,485,987.00 760,699.00 -1,384,616.00 2,144,720.00 1,433,737.00 720,574.00 -1,263,124.00 2,035,397.00 1,321,609.00 626,937.00 -863,288.00 1,531,088.00 983,051.00 484,761.00 -549,488.00 1,003,238.00 636,651.00 308,678.00
   Other Operating Expenses 928,914.00 531,326.00 203,345.00 17,406,636.00 669,719.00 441,636.00 209,011.00 14,681,955.00 615,922.00 381,619.00 164,983.00 3,213,493.00 5,259,724.00 3,356,469.00 1,478,310.00 6,794,349.00 202,000.00 133,694.00 1,968,720.00
Operating Income 1,223,035.00 813,595.00 329,302.00 -793,035.00 879,314.00 556,305.00 249,743.00 13,799.00 -148,187.00 -138,279.00 -6,172.00 532,170.00 -489,351.00 -440,562.00 -226,789.00 -315,080.00 215,726.00 192,730.00 67,736.00
Net Non-Operating Income 264,923.00 72,837.00 -102,252.00 -190,696.00 200,046.00 198,908.00 256,569.00 264,519.00 13,032.00 -12,645.00 -15,210.00 -18,313.00 36,280.00 23,524.00 17,724.00 -33,535.00 16,123.00 41,543.00 -27,781.00
EBT 1,487,958.00 886,432.00 227,050.00 -983,731.00 1,079,360.00 755,213.00 506,312.00 278,318.00 -135,155.00 -150,924.00 -21,382.00 513,857.00 -453,071.00 -417,038.00 -209,065.00 -348,615.00 231,849.00 234,273.00 39,955.00
Income Tax 299,304.00 159,376.00 38,328.00 1,241,798.00 137,532.00 94,521.00 35,492.00 -43,566.00 43,773.00 5,756.00 2,056.00 -7,475.00 17,687.00 398.00 1,702.00 -15,957.00 7,961.00 8,413.00 947.00
Net Income Including Non-Controlling Interests 1,191,094.00 729,604.00 191,022.00 820,327.00 960,226.00 673,854.00 473,190.00 346,206.00 -157,668.00 -133,520.00 -14,350.00 498,796.00 -418,464.00 -407,786.00 -201,035.00 -316,046.00 246,416.00 243,372.00 0
Net Income Non-Controlling Interests -1,220.00 -1,274.00 -1,150.00 -13,585.00 -9,199.00 -6,581.00 -1,185.00 -11,954.00 -10,630.00 -5,824.00 -2,488.00 3,793.00 -8,460.00 -4,427.00 -3,164.00 -3,812.00 -3,303.00 -343.00 0
Net Income 1,189,874.00 728,330.00 189,872.00 806,742.00 951,027.00 667,273.00 472,005.00 334,252.00 -168,298.00 -139,344.00 -16,838.00 502,589.00 -426,924.00 -412,213.00 -204,199.00 -358,866.00 243,113.00 243,029.00 39,008.00
EBIT 1,563,540.00 927,362.00 244,293.00 -818,231.00 1,079,360.00 755,213.00 506,312.00 278,318.00 -135,155.00 -150,924.00 -21,382.00 470,867.00 -418,315.00 -388,324.00 -193,317.00 -317,611.00 251,975.00 240,990.00 40,208.00
Deprecation and Amortization 273,464.00 181,345.00 88,948.00 -203,305.00 287,249.00 194,543.00 97,640.00 -175,567.00 303,236.00 187,718.00 93,173.00 -140,044.00 249,616.00 160,895.00 70,056.00 -47,746.00 95,707.00 57,595.00 29,201.00
EBITDA 1,837,004.00 1,108,707.00 333,241.00 -1,021,536.00 1,366,609.00 949,756.00 603,952.00 102,751.00 168,081.00 36,794.00 71,791.00 330,823.00 -168,699.00 -227,429.00 -123,261.00 -365,357.00 347,682.00 298,585.00 69,409.00
EPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 -0.00 0.00 0.00 0.00
Diluted EPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 0.00 0.00 0.00 0.00
Average Shares Outstanding Basic 614,117.00 616,108.00 619,370.00 617,708.00 616,830.00 617,033.00 616,401.00 621,947.00 606,767.00 604,476.00 602,234.00 640,626.00 572,234.00 561,501.00 541,435.00 466,513.00 457,039.00 455,203.00 454,973.00
Average Shares Outstanding Diluted 625,256.00 627,103.00 635,342.00 636,030.00 635,419.00 636,751.00 637,360.00 642,619.00 606,767.00 604,476.00 602,234.00 640,626.00 572,234.00 561,501.00 541,435.00 465,846.00 520,204.00 519,713.00 501,353.00
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 1,958,714.00 507,658.00 133,336.00 -1,484,382.00 1,693,550.00 1,008,787.00 489,395.00 -1,500,043.00 898,884.00 407,719.00 294,401.00 -298,851.00 130,534.00 114,797.00 229,423.00 -25,017.00 672,776.00 297,812.00 -97,741.00
   Operating Net Income 1,188,654.00 727,056.00 188,722.00 793,157.00 941,828.00 660,692.00 470,820.00 320,500.00 -178,928.00 -145,168.00 -38,652.00 160,740.00 -435,384.00 -416,640.00 -414,726.00 -362,678.00 239,810.00 242,686.00 39,008.00
   Deprecation and Amortization 273,464.00 181,345.00 88,948.00 -203,305.00 287,249.00 194,543.00 97,640.00 -175,567.00 303,236.00 187,718.00 93,173.00 -140,044.00 249,616.00 160,895.00 70,056.00 -47,746.00 95,707.00 57,595.00 29,201.00
   Deferred Income Tax 182,756.00 52,019.00 7,599.00 -1,666,724.00 5,368.00 3,528.00 -7,984.00 -40,509.00 -86,642.00 39,919.00 1,353.00 6,937.00 -47,503.00 -21,374.00 -7,653.00 -4,678.00 -5,224.00 -473.00 -60.00
   Share Based Compensation 921,957.00 612,577.00 315,236.00 -626,025.00 955,845.00 631,791.00 311,168.00 -546,854.00 944,514.00 598,845.00 279,592.00 -531,000.00 794,794.00 532,061.00 275,423.00 -205,570.00 429,999.00 264,988.00 118,623.00
   Change in Working Capital 376,758.00 476,582.00 244,809.00 317,636.00 -108,628.00 -124,486.00 -205,970.00 231,902.00 -53,419.00 170,132.00 30,656.00 -131,451.00 360,660.00 152,562.00 -12,132.00 614,058.00 -74,838.00 49,273.00 -526,510.00
   Other Operating Activities -984,875.00 -1,541,921.00 -711,978.00 -99,121.00 -388,112.00 -357,281.00 -176,279.00 -1,289,515.00 -29,877.00 -443,727.00 -71,721.00 335,967.00 -791,649.00 -292,707.00 318,455.00 -18,403.00 -12,678.00 -316,257.00 241,997.00
Investing Cash Flow -671,814.00 428,928.00 914,708.00 -2,232,957.00 973,108.00 867,414.00 1,042,387.00 -924,590.00 404,968.00 578,899.00 623,924.00 -2,750,450.00 1,505,250.00 1,340,283.00 1,130,613.00 1,036,802.00 -1,256,619.00 -933,039.00 -158,023.00
   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 113,838.00 63,192.00 31,882.00 -75,360.00 126,954.00 70,355.00 31,998.00 -42,334.00 99,457.00 61,775.00 32,253.00 -77,501.00 121,709.00 85,420.00 41,187.00 -404,485.00 268,028.00 236,628.00 204,149.00
   Net Purchase/Sale of Investments Net 1,342,548.00 961,402.00 582,364.00 -1,945,696.00 2,300,355.00 1,629,898.00 718,837.00 -549,552.00 1,976,371.00 1,109,524.00 351,050.00 -1,170,133.00 1,566,571.00 1,197,876.00 667,387.00 -3,182,832.00 3,979,741.00 2,576,978.00 837,299.00
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 4,969.00 0 0 0 0 0 0 0 256,340.00 163,970.00 164,304.00 0
   Net Loan & Lease Activity 0 0 0 0 0
   Other Investing Activities -9,772,030.00 -1,759,755.00 300,462.00 -211,901.00 -1,454,201.00 -832,839.00 291,552.00 -337,673.00 -1,670,860.00 -592,400.00 240,621.00 -1,502,816.00 -183,030.00 56,987.00 422,039.00 4,367,779.00 -5,668,358.00 -3,910,949.00 -1,199,471.00
Financing Cash Flow -652,901.00 -2,119,460.00 -1,211,632.00 -498,186.00 1,245,092.00 1,173,347.00 32,409.00 1,530,529.00 -1,040,573.00 -721,010.00 -9,083.00 3,187,743.00 -881,408.00 -1,240,199.00 -968,556.00 -1,639,045.00 1,998,740.00 2,111,347.00 180,992.00
   Net Issuance/Repayment of Debt 5,106,023.00 2,678,438.00 2,314,585.00 -3,113,834.00 3,460,450.00 3,287,679.00 951,179.00 -1,334,509.00 2,010,844.00 1,562,403.00 745,608.00 -3,945,717.00 2,560,389.00 2,159,674.00 1,718,616.00 -3,435,690.00 3,073,348.00 2,975,323.00 688,486.00
   Net Issuance/Repurchase of Equity 1,540,529.00 1,137,502.00 445,298.00 -710,538.00 987,179.00 641,603.00 252,095.00 156,812.00 0 0 0 0 0 0 0 0 0 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 -7,299,453.00 -5,935,400.00 -3,971,515.00 3,326,186.00 -3,202,537.00 -2,755,935.00 -1,170,865.00 2,708,226.00 -3,051,417.00 -2,283,413.00 -754,691.00 7,133,460.00 -3,441,797.00 -3,399,873.00 -2,687,172.00 1,796,645.00 -1,074,608.00 -863,976.00 -507,494.00
Net Change in Cash 714,514.00 -1,087,942.00 -141,339.00 -4,236,138.00 3,925,350.00 3,009,777.00 1,522,436.00 -844,481.00 234,824.00 272,563.00 910,275.00 231,441.00 659,404.00 179,439.00 390,532.00 -604,717.00 1,400,586.00 1,469,028.00 -82,978.00
   Cash at Beginning of Period 13,230,512.00 13,230,512.00 13,230,512.00 17,466,650.00 9,009,087.00 9,009,087.00 9,009,087.00 9,853,568.00 8,435,906.00 8,435,906.00 8,435,906.00 8,204,465.00 6,975,090.00 6,975,090.00 6,975,090.00 7,579,807.00 3,201,863.00 3,201,863.00 3,201,863.00
   Cash at End of Period 13,945,026.00 12,142,570.00 13,089,173.00 13,230,512.00 12,934,437.00 12,018,864.00 10,531,523.00 9,009,087.00 8,670,730.00 8,708,469.00 9,346,181.00 8,435,906.00 7,634,494.00 7,154,529.00 7,365,622.00 6,975,090.00 4,602,449.00 4,670,891.00 3,118,885.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0