Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Price to Earnings 20.59 21.32 52.05 21.30 28.40
Price to Sales 1.57 1.53 2.28 2.08 2.68
Book Value Per Common Share 15.15 15.74 15.47 16.49 14.78
Price to Book 3.18 2.70 3.53 3.02 3.86
Price to Operating Cash Flow 13.17 11.98 16.28 18.60 19.99
Price to Free Cash Flow
Enterprise Value to EBITDA 100765.22 102852.61 177643.36 111799.54 153899.67
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 20.25 32.88 66.74 22.07 24.28 55.26 31.84 48.71 91.87 51.45 112.79 180.61 47.24 67.60 107.65
Price to Sales 1.68 2.74 6.23 1.92 2.05 5.12 2.60 4.03 8.63 2.54 4.08 6.33 3.17 5.47 9.63
Book Value Per Common Share 15.64 15.60 15.42 15.15 15.79 15.06 14.96 15.74 15.83 15.71 15.98 15.47 15.32 15.55 16.30 16.49 15.58 15.62 15.18 14.78
Price to Book 2.74 2.87 3.38 3.18 2.85 2.05 2.66 2.70 3.52 3.60 3.97 3.53 3.09 3.12 2.55 3.02 3.73 4.24 3.90 3.86
Price to Operating Cash Flow 11.91 19.35 43.31 14.06 14.45 36.10 17.42 25.56 52.26 15.03 33.69 103.49 22.78 36.00 75.13
Price to Free Cash Flow
Enterprise Value to EBITDA 105204.38 173145.88 363547.41 113143.74 124002.24 290458.81 162044.01 247743.28 479148.51 184646.70 340632.75 532462.99 216696.63 326592.65 525750.11

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Earning YoY 17.59 89.52 -55.13 16.42
Revenue YoY 3.05 14.40 -0.02 21.44
EBITDA YoY 7.62 30.26 -32.44 22.46
Net Profit YoY 10.16 87.10 -55.35 26.28
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 55.88 74.36 60.63 76.39 50.86 68.12 113.95 86.96 25.51 78.18
Revenue YoY 56.24 93.77 54.54 90.40 52.30 90.88 56.32 80.17 51.74 97.02
EBITDA YoY 55.01 78.40 57.92 78.77 50.05 71.97 79.60 81.21 33.14 80.55
Net Profit YoY 55.62 73.63 59.52 73.87 50.21 68.17 112.57 83.00 25.30 78.70

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Cash Per Common Share 4.75 6.44 7.49 9.47 10.93
Quick Ratio 0.84 1.13 1.49 1.71 2.11
Current Ratio 1.18 1.42 1.82 1.98 2.39
Debt to Equity 0.73 0.69 0.65 0.67 0.68
Long-Term Debt to Equity 0.38 0.35 0.35 0.37 0.36
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
Cash Per Common Share 5.76 5.76 5.30 4.88 6.47 6.42 6.17 6.58 7.77 7.06 7.13 7.53 9.57 8.64 8.61 9.34 10.40 10.35 9.79 10.15
Quick Ratio 0.98 1.04 0.95 0.84 1.01 0.97 1.13 1.13 1.34 1.40 1.45 1.49 1.95 1.73 1.79 1.71 2.04 2.10 2.19 2.11
Current Ratio 1.32 1.39 1.26 1.18 1.29 1.23 1.39 1.42 1.59 1.71 1.77 1.82 2.24 2.13 2.05 1.98 2.32 2.38 2.47 2.39
Debt to Equity 0.73 0.70 0.71 0.73 0.75 0.78 0.71 0.69 0.66 0.62 0.61 0.65 0.63 0.65 0.64 0.67 0.67 0.66 0.64 0.68
Long-Term Debt to Equity 0.37 0.36 0.37 0.38 0.37 0.37 0.37 0.35 0.32 0.32 0.33 0.35 0.34 0.36 0.37 0.37 0.35 0.35 0.35 0.36

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
ROA 8.19 6.87 3.74 7.49 7.21
ROE 14.17 11.62 6.17 12.50 12.12
Gross Margin -287.75 -53.95 -58.08 -60.13 -59.76
Operating Margin 11.17 10.61 6.80 13.78 13.32
EBITDA Margin 15.17 14.53 12.76 18.88 18.72
Net Profit Margin 7.65 7.16 4.37 9.80 9.42
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 2020-12-31
ROA 7.15 4.62 2.65 6.75 4.31 2.54 6.05 4.16 2.42 3.33 1.52 0.79 4.48 3.64 2.12
ROE 12.36 7.84 4.53 11.83 7.70 4.36 10.06 6.73 3.90 5.43 2.51 1.30 7.49 6.02 3.48
Gross Margin -277.55 -279.27 -275.00 -52.88 -53.28 -51.40 -51.48 -50.82 -47.20 -57.03 -61.10 -60.31 -57.60 -55.53 -54.07
Operating Margin 12.10 12.13 13.61 12.67 12.22 13.48 12.19 12.34 14.23 7.71 5.58 5.94 9.81 11.83 13.36
EBITDA Margin 15.60 15.73 17.08 16.54 16.19 17.24 15.99 16.23 18.01 13.65 11.88 11.81 14.73 16.79 18.32
Net Profit Margin 8.29 8.32 9.29 8.68 8.41 9.21 8.18 8.29 9.41 4.94 3.64 3.58 6.67 8.08 8.91

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 11,121,000.00 12,031,000.00 11,826,000.00 13,223,000.00 10,875,000.00
   Current Assets 2,694,000.00 3,431,000.00 3,940,000.00 4,716,000.00 4,936,000.00
      Cash and Short-Term Investments 1,844,000.00 2,679,000.00 3,153,000.00 3,996,000.00 4,263,000.00
            Cash and Cash Equivalents 723,000.00 1,128,000.00 1,130,000.00 1,136,000.00 1,158,000.00
            Short-Term Investments 1,121,000.00 1,551,000.00 2,023,000.00 2,860,000.00 3,105,000.00
      Net Receivables 79,000.00 68,000.00 64,000.00 67,000.00 99,000.00
      Inventory 405,000.00 424,000.00 417,000.00 432,000.00 398,000.00
      Other Current Assets 366,000.00 260,000.00 306,000.00 221,000.00 176,000.00
   Non-Current Assets 8,427,000.00 8,600,000.00 7,886,000.00 8,507,000.00 5,939,000.00
      Property, Plant, Equipment Net 4,553,000.00 4,527,000.00 4,337,000.00 4,863,000.00 3,929,000.00
      Goodwill 1,880,000.00 1,932,000.00 1,988,000.00 2,142,000.00 832,000.00
      Intangible Assets 144,000.00 150,000.00 159,000.00 272,000.00 246,000.00
      Long-Term Investments 83,000.00 45,000.00 266,000.00 292,000.00 85,000.00
      Non-Current Deferred Assets 138,000.00 129,000.00 113,000.00 106,000.00 98,000.00
      Other Non-Current Assets 1,629,000.00 1,817,000.00 1,023,000.00 832,000.00 749,000.00
Liabilities 4,694,000.00 4,912,000.00 4,666,000.00 5,301,000.00 4,404,000.00
   Current Liabilities 2,283,000.00 2,422,000.00 2,166,000.00 2,383,000.00 2,067,000.00
      Payables and Expenses 2,080,000.00 2,164,000.00 2,098,000.00 2,332,000.00 1,995,000.00
            Account Payables 801,000.00 786,000.00 727,000.00 830,000.00 708,000.00
            Current Accrued Liabilities 76,000.00 90,000.00 68,000.00 51,000.00 72,000.00
      Short-Term Debt 127,000.00 168,000.00 448,000.00 508,000.00 448,000.00
      Other Current Liabilities 76,000.00 90,000.00 -380,000.00 -457,000.00 -376,000.00
   Non-Current Liabilities 2,411,000.00 2,490,000.00 2,500,000.00 2,918,000.00 2,337,000.00
      Long-Term Debt 1,865,000.00 1,943,000.00 1,948,000.00 2,326,000.00 1,943,000.00
      Other Non-Current Liabilities 546,000.00 547,000.00 552,000.00 592,000.00 394,000.00
Equity 6,427,000.00 7,119,000.00 7,160,000.00 7,922,000.00 6,471,000.00
   Shareholders Equity 5,728,000.00 6,405,000.00 6,482,000.00 7,056,000.00 6,206,000.00
      Capital Stock 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00
      Share Premium 4,028,000.00 4,320,000.00 4,390,000.00 4,695,000.00 4,658,000.00
      Retained Earnings 2,089,000.00 2,310,000.00 2,191,000.00 2,952,000.00 2,165,000.00
      Treasury Shares 52,000.00 0 0 803,000.00 728,000.00
      Accumulated Other Comprehensive Income -341,000.00 -229,000.00 -103,000.00 268,000.00 167,000.00
   Minority Interest 686,000.00 701,000.00 666,000.00 852,000.00 253,000.00
Investments 1,121,000.00 1,551,000.00 2,289,000.00 3,152,000.00 3,190,000.00
Debt 1,992,000.00 2,111,000.00 1,948,000.00 2,326,000.00 1,943,000.00
Net Debt 148,000.00 0 0 0 0
Common Shares Outstanding 378,000.00 407,000.00 419,000.00 428,000.00 420,000.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenues 11,911,000.00 11,558,000.00 10,103,000.00 10,105,000.00 8,321,000.00
Cost Of Revenue 46,185,000.00 17,794,000.00 15,971,000.00 16,181,000.00 13,294,000.00
Gross Profit -34,274,000.00 -6,236,000.00 -5,868,000.00 -6,076,000.00 -4,973,000.00
Operating Expenses -37,760,000.00 -8,655,000.00 -8,562,000.00 -9,129,000.00 -7,751,000.00
   Selling, General and Administrative Expenses 1,729,000.00 660,000.00 620,000.00 564,000.00 479,000.00
   Research and Development Expenses 6,000.00 6,000.00 6,000.00 6,000.00 3,000.00
   Other Operating Expenses -39,495,000.00 -9,321,000.00 -9,188,000.00 -9,699,000.00 -8,233,000.00
Operating Income 3,486,000.00 2,419,000.00 2,694,000.00 3,053,000.00 2,778,000.00
Net Non-Operating Income -2,155,000.00 -1,193,000.00 -2,007,000.00 -1,661,000.00 -1,670,000.00
Interest Expense 0.00 0.00 0.00 0.00 0.00
Net Interest 129,000.00 169,000.00 84,000.00 60,000.00 43,000.00
EBT 1,331,000.00 1,226,000.00 687,000.00 1,392,000.00 1,108,000.00
Income Tax 356,000.00 329,000.00 207,000.00 369,000.00 295,000.00
Equity Method Investments Income 6,000.00 10,000.00 -2,000.00 0 0
Net Income Including Non-Controlling Interests 842,000.00 753,000.00 406,000.00 957,000.00 755,000.00
Net Income Non-Controlling Interests 69,000.00 74,000.00 36,000.00 33,000.00 29,000.00
Net Income 911,000.00 827,000.00 442,000.00 990,000.00 784,000.00
EBIT 1,331,000.00 1,226,000.00 687,000.00 1,392,000.00 1,108,000.00
Deprecation and Amortization 476,000.00 453,000.00 602,000.00 516,000.00 450,000.00
EBITDA 1,807,000.00 1,679,000.00 1,289,000.00 1,908,000.00 1,558,000.00
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 388,000.00 416,000.00 421,000.00 422,000.00 390,000.00
Average Shares Outstanding Diluted 390,000.00 420,000.00 425,000.00 434,000.00 402,000.00
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Cash Flow 1,419,000.00 1,473,000.00 1,413,000.00 1,131,000.00 1,114,000.00
   Operating Net Income 2,940,000.00 2,702,000.00 1,435,000.00 3,068,000.00 2,439,000.00
   Deprecation and Amortization 476,000.00 453,000.00 602,000.00 516,000.00 450,000.00
   Deferred Income Tax -7,000.00 -10,000.00 -20,000.00 160,000.00 111,000.00
   Share Based Compensation 41,000.00 64,000.00 42,000.00 41,000.00 36,000.00
   Change in Working Capital -14,000.00 134,000.00 61,000.00 141,000.00 95,000.00
   Other Operating Activities -2,017,000.00 -1,870,000.00 -707,000.00 -2,795,000.00 -2,017,000.00
Investing Cash Flow -178,000.00 -743,000.00 -522,000.00 -855,000.00 -3,109,000.00
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 705,000.00 710,000.00 679,000.00 689,000.00 419,000.00
   Net Purchase/Sale of Investments Net 9,975,000.00 7,011,000.00 -4,000.00 295,000.00 -110,000.00
   Net Purchase/Sale of Business 0 20,000.00 23,000.00 115,000.00 305,000.00
   Other Investing Activities -10,858,000.00 -8,484,000.00 -1,220,000.00 -1,954,000.00 -3,723,000.00
Financing Cash Flow -1,636,000.00 -716,000.00 -844,000.00 -313,000.00 2,058,000.00
   Net Issuance/Repayment of Debt 653,000.00 364,000.00 4,000.00 2,000.00 2,000.00
   Net Issuance/Repurchase of Equity 1,249,000.00 613,000.00 466,000.00 75,000.00 2,203,000.00
   Dividends Paid 328,000.00 293,000.00 274,000.00 260,000.00 128,000.00
   Other Financing Activities -3,866,000.00 -1,986,000.00 -1,588,000.00 -650,000.00 -275,000.00
Net Change in Cash -405,000.00 -2,000.00 -6,000.00 -22,000.00 103,000.00
   Cash at Beginning of Period 1,128,000.00 1,130,000.00 1,136,000.00 1,158,000.00 1,055,000.00
   Cash at End of Period 723,000.00 1,128,000.00 1,130,000.00 1,136,000.00 1,158,000.00
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 11,034,000.00 10,983,000.00 11,002,000.00 11,121,000.00 11,801,000.00 11,568,000.00 11,295,000.00 12,031,000.00 12,070,000.00 11,675,000.00 11,963,000.00 11,826,000.00 11,696,000.00 12,054,000.00 12,639,000.00 13,223,000.00 11,506,000.00 11,304,000.00 10,837,000.00 10,875,000.00
   Current Assets 3,015,000.00 2,992,000.00 2,750,000.00 2,694,000.00 3,317,000.00 3,281,000.00 3,155,000.00 3,431,000.00 3,923,000.00 3,687,000.00 3,714,000.00 3,940,000.00 4,710,000.00 4,576,000.00 4,266,000.00 4,716,000.00 5,082,000.00 5,040,000.00 4,756,000.00 4,936,000.00
      Cash and Short-Term Investments 2,143,000.00 2,155,000.00 1,992,000.00 1,844,000.00 2,531,000.00 2,534,000.00 2,473,000.00 2,679,000.00 3,238,000.00 2,951,000.00 2,981,000.00 3,153,000.00 4,037,000.00 3,653,000.00 3,669,000.00 3,996,000.00 4,377,000.00 4,348,000.00 4,110,000.00 4,263,000.00
            Cash and Cash Equivalents 648,000.00 592,000.00 825,000.00 723,000.00 1,193,000.00 1,043,000.00 883,000.00 1,128,000.00 1,131,000.00 1,189,000.00 1,111,000.00 1,130,000.00 1,211,000.00 1,147,000.00 1,047,000.00 1,136,000.00 1,278,000.00 1,209,000.00 1,084,000.00 1,158,000.00
            Short-Term Investments 1,495,000.00 1,563,000.00 1,167,000.00 1,121,000.00 1,338,000.00 1,491,000.00 1,590,000.00 1,551,000.00 2,107,000.00 1,762,000.00 1,870,000.00 2,023,000.00 2,826,000.00 2,506,000.00 2,622,000.00 2,860,000.00 3,099,000.00 3,139,000.00 3,026,000.00 3,105,000.00
      Net Receivables 86,000.00 94,000.00 81,000.00 79,000.00 79,000.00 74,000.00 74,000.00 68,000.00 62,000.00 59,000.00 59,000.00 64,000.00 66,000.00 79,000.00 70,000.00 67,000.00 97,000.00 105,000.00 102,000.00 99,000.00
      Inventory 389,000.00 360,000.00 329,000.00 405,000.00 359,000.00 362,000.00 345,000.00 424,000.00 419,000.00 396,000.00 378,000.00 417,000.00 321,000.00 353,000.00 345,000.00 432,000.00 390,000.00 380,000.00 345,000.00 398,000.00
      Other Current Assets 397,000.00 383,000.00 348,000.00 366,000.00 348,000.00 311,000.00 263,000.00 260,000.00 204,000.00 281,000.00 296,000.00 306,000.00 286,000.00 491,000.00 182,000.00 221,000.00 218,000.00 207,000.00 199,000.00 176,000.00
   Non-Current Assets 8,019,000.00 7,991,000.00 8,252,000.00 8,427,000.00 8,484,000.00 8,287,000.00 8,140,000.00 8,600,000.00 8,147,000.00 7,988,000.00 8,249,000.00 7,886,000.00 6,986,000.00 7,478,000.00 8,373,000.00 8,507,000.00 6,424,000.00 6,264,000.00 6,081,000.00 5,939,000.00
      Property, Plant, Equipment Net 4,555,000.00 4,518,000.00 4,494,000.00 4,553,000.00 4,646,000.00 4,465,000.00 4,459,000.00 4,527,000.00 4,200,000.00 4,115,000.00 4,286,000.00 4,337,000.00 4,119,000.00 4,371,000.00 4,777,000.00 4,863,000.00 4,197,000.00 4,027,000.00 3,889,000.00 3,929,000.00
      Goodwill 1,926,000.00 1,915,000.00 1,891,000.00 1,880,000.00 1,955,000.00 1,888,000.00 1,900,000.00 1,932,000.00 1,879,000.00 1,891,000.00 1,995,000.00 1,988,000.00 1,927,000.00 2,047,000.00 2,163,000.00 2,142,000.00 858,000.00 841,000.00 829,000.00 832,000.00
      Intangible Assets 146,000.00 145,000.00 144,000.00 144,000.00 150,000.00 146,000.00 147,000.00 150,000.00 147,000.00 148,000.00 157,000.00 159,000.00 176,000.00 213,000.00 251,000.00 272,000.00 218,000.00 228,000.00 234,000.00 246,000.00
      Long-Term Investments 57,000.00 68,000.00 85,000.00 83,000.00 94,000.00 61,000.00 53,000.00 45,000.00 62,000.00 66,000.00 78,000.00 266,000.00 256,000.00 287,000.00 305,000.00 292,000.00 309,000.00 301,000.00 48,000.00 85,000.00
      Non-Current Deferred Assets 149,000.00 142,000.00 139,000.00 138,000.00 145,000.00 132,000.00 129,000.00 129,000.00 106,000.00 72,000.00 93,000.00 113,000.00 89,000.00 103,000.00 96,000.00 106,000.00 68,000.00 73,000.00 83,000.00 98,000.00
      Other Non-Current Assets 1,186,000.00 1,203,000.00 1,499,000.00 1,629,000.00 1,494,000.00 1,595,000.00 1,452,000.00 1,817,000.00 1,753,000.00 1,696,000.00 1,640,000.00 1,023,000.00 419,000.00 457,000.00 781,000.00 832,000.00 774,000.00 794,000.00 998,000.00 749,000.00
Liabilities 4,648,000.00 4,514,000.00 4,563,000.00 4,694,000.00 5,073,000.00 5,086,000.00 4,707,000.00 4,912,000.00 4,811,000.00 4,458,000.00 4,547,000.00 4,666,000.00 4,528,000.00 4,752,000.00 4,931,000.00 5,301,000.00 4,629,000.00 4,476,000.00 4,224,000.00 4,404,000.00
   Current Liabilities 2,284,000.00 2,157,000.00 2,190,000.00 2,283,000.00 2,578,000.00 2,678,000.00 2,263,000.00 2,422,000.00 2,472,000.00 2,152,000.00 2,100,000.00 2,166,000.00 2,104,000.00 2,153,000.00 2,085,000.00 2,383,000.00 2,194,000.00 2,116,000.00 1,922,000.00 2,067,000.00
      Payables and Expenses 2,116,000.00 2,056,000.00 1,922,000.00 2,080,000.00 2,103,000.00 2,149,000.00 1,936,000.00 2,164,000.00 2,129,000.00 2,064,000.00 1,957,000.00 2,098,000.00 1,992,000.00 2,099,000.00 2,008,000.00 2,332,000.00 2,126,000.00 2,042,000.00 1,800,000.00 1,995,000.00
            Account Payables 822,000.00 795,000.00 701,000.00 801,000.00 775,000.00 819,000.00 727,000.00 786,000.00 758,000.00 740,000.00 674,000.00 727,000.00 673,000.00 730,000.00 592,000.00 830,000.00 756,000.00 712,000.00 571,000.00 708,000.00
            Current Accrued Liabilities 139,000.00 101,000.00 139,000.00 76,000.00 160,000.00 113,000.00 162,000.00 90,000.00 133,000.00 88,000.00 143,000.00 68,000.00 112,000.00 54,000.00 77,000.00 51,000.00 68,000.00 74,000.00 122,000.00 72,000.00
      Short-Term Debt 29,000.00 0 129,000.00 127,000.00 315,000.00 416,000.00 165,000.00 168,000.00 210,000.00 404,000.00 437,000.00 448,000.00 441,000.00 473,000.00 497,000.00 508,000.00 455,000.00 445,000.00 440,000.00 448,000.00
      Other Current Liabilities 139,000.00 101,000.00 139,000.00 76,000.00 160,000.00 113,000.00 162,000.00 90,000.00 133,000.00 -316,000.00 -294,000.00 -380,000.00 -329,000.00 -419,000.00 -420,000.00 -457,000.00 -387,000.00 -371,000.00 -318,000.00 -376,000.00
   Non-Current Liabilities 2,364,000.00 2,357,000.00 2,373,000.00 2,411,000.00 2,495,000.00 2,408,000.00 2,444,000.00 2,490,000.00 2,339,000.00 2,306,000.00 2,447,000.00 2,500,000.00 2,424,000.00 2,599,000.00 2,846,000.00 2,918,000.00 2,435,000.00 2,360,000.00 2,302,000.00 2,337,000.00
      Long-Term Debt 1,812,000.00 1,808,000.00 1,823,000.00 1,865,000.00 1,931,000.00 1,873,000.00 1,891,000.00 1,943,000.00 1,828,000.00 1,814,000.00 1,905,000.00 1,948,000.00 1,898,000.00 2,039,000.00 2,255,000.00 2,326,000.00 2,048,000.00 1,969,000.00 1,910,000.00 1,943,000.00
      Other Non-Current Liabilities 552,000.00 549,000.00 550,000.00 546,000.00 564,000.00 535,000.00 553,000.00 547,000.00 511,000.00 492,000.00 542,000.00 552,000.00 526,000.00 560,000.00 591,000.00 592,000.00 387,000.00 391,000.00 392,000.00 394,000.00
Equity 6,386,000.00 6,469,000.00 6,439,000.00 6,427,000.00 6,728,000.00 6,482,000.00 6,588,000.00 7,119,000.00 7,259,000.00 7,217,000.00 7,416,000.00 7,160,000.00 7,168,000.00 7,302,000.00 7,708,000.00 7,922,000.00 6,877,000.00 6,828,000.00 6,613,000.00 6,471,000.00
   Shareholders Equity 5,692,000.00 5,789,000.00 5,784,000.00 5,728,000.00 6,016,000.00 5,812,000.00 5,865,000.00 6,405,000.00 6,571,000.00 6,549,000.00 6,678,000.00 6,482,000.00 6,418,000.00 6,529,000.00 6,893,000.00 7,056,000.00 6,608,000.00 6,575,000.00 6,375,000.00 6,206,000.00
      Capital Stock 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00
      Share Premium 3,887,000.00 3,952,000.00 3,982,000.00 4,028,000.00 4,053,000.00 4,103,000.00 4,159,000.00 4,320,000.00 4,382,000.00 4,396,000.00 4,391,000.00 4,390,000.00 4,408,000.00 4,402,000.00 4,704,000.00 4,695,000.00 4,685,000.00 4,679,000.00 4,664,000.00 4,658,000.00
      Retained Earnings 2,050,000.00 2,110,000.00 2,124,000.00 2,089,000.00 2,156,000.00 2,048,000.00 2,078,000.00 2,310,000.00 2,526,000.00 2,465,000.00 2,374,000.00 2,191,000.00 2,228,000.00 2,083,000.00 2,941,000.00 2,952,000.00 2,468,000.00 2,415,000.00 2,285,000.00 2,165,000.00
      Treasury Shares 10,000.00 12,000.00 8,000.00 52,000.00 18,000.00 17,000.00 76,000.00 0 0 0 0 0 0 0 1,035,000.00 803,000.00 762,000.00 728,000.00 728,000.00 728,000.00
      Accumulated Other Comprehensive Income -239,000.00 -265,000.00 -318,000.00 -341,000.00 -179,000.00 -326,000.00 -300,000.00 -229,000.00 -341,000.00 -316,000.00 -91,000.00 -103,000.00 -222,000.00 40,000.00 279,000.00 268,000.00 213,000.00 205,000.00 150,000.00 167,000.00
   Minority Interest 694,000.00 667,000.00 642,000.00 686,000.00 699,000.00 657,000.00 710,000.00 701,000.00 675,000.00 656,000.00 726,000.00 666,000.00 737,000.00 760,000.00 801,000.00 852,000.00 257,000.00 241,000.00 226,000.00 253,000.00
Investments 1,495,000.00 1,563,000.00 1,167,000.00 1,121,000.00 1,338,000.00 1,491,000.00 1,590,000.00 1,551,000.00 2,107,000.00 1,762,000.00 1,870,000.00 2,289,000.00 3,082,000.00 2,793,000.00 2,927,000.00 3,152,000.00 3,408,000.00 3,440,000.00 3,074,000.00 3,190,000.00
Debt 1,841,000.00 1,808,000.00 1,952,000.00 1,992,000.00 2,246,000.00 2,289,000.00 2,056,000.00 2,111,000.00 2,038,000.00 1,814,000.00 1,905,000.00 1,948,000.00 1,898,000.00 2,039,000.00 2,255,000.00 2,326,000.00 2,048,000.00 1,969,000.00 1,910,000.00 1,943,000.00
Net Debt 0 0 0 148,000.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Common Shares Outstanding 364,000.00 371,000.00 375,000.00 378,000.00 381,000.00 386,000.00 392,000.00 407,000.00 415,000.00 417,000.00 418,000.00 419,000.00 419,000.00 420,000.00 423,000.00 428,000.00 424,000.00 421,000.00 420,000.00 420,000.00
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31
Revenues 9,518,000.00 6,092,000.00 3,144,000.00 -6,301,000.00 9,166,000.00 5,931,000.00 3,115,000.00 -6,297,000.00 8,925,000.00 5,860,000.00 3,070,000.00 -5,594,000.00 7,869,000.00 5,034,000.00 2,794,000.00 -5,283,000.00 7,719,000.00 5,087,000.00 2,582,000.00
Cost Of Revenue 35,935,000.00 23,105,000.00 11,790,000.00 18,365,000.00 14,013,000.00 9,091,000.00 4,716,000.00 -9,083,000.00 13,520,000.00 8,838,000.00 4,519,000.00 -8,975,000.00 12,357,000.00 8,110,000.00 4,479,000.00 -7,874,000.00 12,165,000.00 7,912,000.00 3,978,000.00
Gross Profit -26,417,000.00 -17,013,000.00 -8,646,000.00 -24,666,000.00 -4,847,000.00 -3,160,000.00 -1,601,000.00 2,786,000.00 -4,595,000.00 -2,978,000.00 -1,449,000.00 3,381,000.00 -4,488,000.00 -3,076,000.00 -1,685,000.00 2,591,000.00 -4,446,000.00 -2,825,000.00 -1,396,000.00
Operating Expenses -29,726,000.00 -19,122,000.00 -9,843,000.00 -23,871,000.00 -6,985,000.00 -4,515,000.00 -2,389,000.00 4,843,000.00 -6,743,000.00 -4,421,000.00 -2,334,000.00 3,045,000.00 -5,797,000.00 -3,701,000.00 -2,109,000.00 4,784,000.00 -6,817,000.00 -4,632,000.00 -2,464,000.00
   Selling, General and Administrative Expenses 1,236,000.00 807,000.00 414,000.00 904,000.00 412,000.00 273,000.00 140,000.00 -304,000.00 485,000.00 316,000.00 163,000.00 -272,000.00 449,000.00 292,000.00 151,000.00 -240,000.00 408,000.00 266,000.00 130,000.00
   Research and Development Expenses 0 0 0 6,000.00 0 0 0 6,000.00 0 0 0 6,000.00 0 0 0 6,000.00 0 0 0
   Other Operating Expenses -30,962,000.00 -19,929,000.00 -10,257,000.00 -24,781,000.00 -7,397,000.00 -4,788,000.00 -2,529,000.00 5,141,000.00 -7,228,000.00 -4,737,000.00 -2,497,000.00 3,311,000.00 -6,246,000.00 -3,993,000.00 -2,260,000.00 5,018,000.00 -7,225,000.00 -4,898,000.00 -2,594,000.00
Operating Income 3,309,000.00 2,109,000.00 1,197,000.00 -795,000.00 2,138,000.00 1,355,000.00 788,000.00 -2,057,000.00 2,148,000.00 1,443,000.00 885,000.00 336,000.00 1,309,000.00 625,000.00 424,000.00 -2,193,000.00 2,371,000.00 1,807,000.00 1,068,000.00
Net Non-Operating Income -2,157,000.00 -1,370,000.00 -769,000.00 -180,000.00 -977,000.00 -630,000.00 -368,000.00 1,035,000.00 -1,060,000.00 -720,000.00 -448,000.00 -703,000.00 -702,000.00 -344,000.00 -258,000.00 1,881,000.00 -1,614,000.00 -1,205,000.00 -723,000.00
Interest Expense 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 Interest 74,000.00 51,000.00 26,000.00 -78,000.00 100,000.00 69,000.00 38,000.00 -71,000.00 124,000.00 78,000.00 38,000.00 -5,000.00 51,000.00 26,000.00 12,000.00 -33,000.00 47,000.00 31,000.00 15,000.00
EBT 1,152,000.00 739,000.00 428,000.00 -975,000.00 1,161,000.00 725,000.00 420,000.00 -1,022,000.00 1,088,000.00 723,000.00 437,000.00 -367,000.00 607,000.00 281,000.00 166,000.00 -312,000.00 757,000.00 602,000.00 345,000.00
Income Tax 313,000.00 199,000.00 119,000.00 -256,000.00 309,000.00 190,000.00 113,000.00 -288,000.00 296,000.00 196,000.00 125,000.00 -117,000.00 183,000.00 86,000.00 55,000.00 -109,000.00 210,000.00 166,000.00 102,000.00
Equity Method Investments Income 20,000.00 9,000.00 6,000.00 4,000.00 2,000.00 0 0 8,000.00 2,000.00 -1,000.00 1,000.00 2,000.00 -4,000.00 0 0 0 0 0 0
Net Income Including Non-Controlling Interests 727,000.00 468,000.00 271,000.00 -626,000.00 738,000.00 463,000.00 267,000.00 -623,000.00 666,000.00 445,000.00 265,000.00 -215,000.00 358,000.00 173,000.00 90,000.00 -129,000.00 483,000.00 386,000.00 217,000.00
Net Income Non-Controlling Interests 62,000.00 39,000.00 21,000.00 -45,000.00 58,000.00 36,000.00 20,000.00 -55,000.00 64,000.00 41,000.00 24,000.00 -15,000.00 31,000.00 10,000.00 10,000.00 -37,000.00 32,000.00 25,000.00 13,000.00
Net Income 789,000.00 507,000.00 292,000.00 -671,000.00 796,000.00 499,000.00 287,000.00 -678,000.00 730,000.00 486,000.00 289,000.00 -230,000.00 389,000.00 183,000.00 100,000.00 -166,000.00 515,000.00 411,000.00 230,000.00
EBIT 1,152,000.00 739,000.00 428,000.00 -975,000.00 1,161,000.00 725,000.00 420,000.00 -1,022,000.00 1,088,000.00 723,000.00 437,000.00 -367,000.00 607,000.00 281,000.00 166,000.00 -312,000.00 757,000.00 602,000.00 345,000.00
Deprecation and Amortization 333,000.00 219,000.00 109,000.00 -231,000.00 355,000.00 235,000.00 117,000.00 -230,000.00 339,000.00 228,000.00 116,000.00 -346,000.00 467,000.00 317,000.00 164,000.00 -244,000.00 380,000.00 252,000.00 128,000.00
EBITDA 1,485,000.00 958,000.00 537,000.00 -1,206,000.00 1,516,000.00 960,000.00 537,000.00 -1,252,000.00 1,427,000.00 951,000.00 553,000.00 -713,000.00 1,074,000.00 598,000.00 330,000.00 -556,000.00 1,137,000.00 854,000.00 473,000.00
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 0.00 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 372,000.00 374,000.00 376,000.00 365,000.00 391,000.00 395,000.00 401,000.00 411,000.00 417,000.00 418,000.00 418,000.00 413,000.00 422,000.00 423,000.00 426,000.00 427,000.00 421,000.00 420,000.00 420,000.00
Average Shares Outstanding Diluted 374,000.00 376,000.00 378,000.00 367,000.00 393,000.00 397,000.00 403,000.00 413,000.00 421,000.00 423,000.00 423,000.00 417,000.00 426,000.00 427,000.00 430,000.00 433,000.00 435,000.00 434,000.00 434,000.00
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 1,341,000.00 864,000.00 452,000.00 -1,118,000.00 1,252,000.00 843,000.00 442,000.00 -1,292,000.00 1,334,000.00 924,000.00 507,000.00 -696,000.00 1,329,000.00 609,000.00 171,000.00 -1,047,000.00 1,074,000.00 773,000.00 331,000.00
   Operating Net Income 2,553,000.00 1,638,000.00 939,000.00 1,244,000.00 854,000.00 535,000.00 307,000.00 273,000.00 1,589,000.00 527,000.00 313,000.00 712,000.00 420,000.00 193,000.00 110,000.00 1,842,000.00 547,000.00 436,000.00 243,000.00
   Deprecation and Amortization 333,000.00 219,000.00 109,000.00 -231,000.00 355,000.00 235,000.00 117,000.00 -230,000.00 339,000.00 228,000.00 116,000.00 -346,000.00 467,000.00 317,000.00 164,000.00 -244,000.00 380,000.00 252,000.00 128,000.00
   Deferred Income Tax -10,000.00 -3,000.00 2,000.00 -1,000.00 -4,000.00 -2,000.00 0 -24,000.00 -6,000.00 13,000.00 7,000.00 -7,000.00 -7,000.00 -7,000.00 1,000.00 99,000.00 17,000.00 29,000.00 15,000.00
   Share Based Compensation 32,000.00 22,000.00 9,000.00 -24,000.00 32,000.00 23,000.00 10,000.00 -24,000.00 46,000.00 29,000.00 13,000.00 -21,000.00 31,000.00 21,000.00 11,000.00 -26,000.00 32,000.00 25,000.00 10,000.00
   Change in Working Capital 32,000.00 -68,000.00 -194,000.00 196,000.00 -81,000.00 5,000.00 -134,000.00 -89,000.00 210,000.00 76,000.00 -63,000.00 582,000.00 -14,000.00 -87,000.00 -420,000.00 280,000.00 62,000.00 -8,000.00 -193,000.00
   Other Operating Activities -1,599,000.00 -944,000.00 -413,000.00 -2,302,000.00 96,000.00 47,000.00 142,000.00 -1,198,000.00 -844,000.00 51,000.00 121,000.00 -1,616,000.00 432,000.00 172,000.00 305,000.00 -2,998,000.00 36,000.00 39,000.00 128,000.00
Investing Cash Flow -316,000.00 -290,000.00 -72,000.00 -117,000.00 -28,000.00 -132,000.00 99,000.00 1,336,000.00 -1,052,000.00 -598,000.00 -429,000.00 110,000.00 -593,000.00 -52,000.00 13,000.00 846,000.00 -743,000.00 -611,000.00 -347,000.00
   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 385,000.00 259,000.00 137,000.00 -365,000.00 523,000.00 358,000.00 189,000.00 -300,000.00 499,000.00 332,000.00 179,000.00 -382,000.00 509,000.00 347,000.00 205,000.00 -261,000.00 482,000.00 303,000.00 165,000.00
   Net Purchase/Sale of Investments Net 12,407,000.00 7,827,000.00 3,753,000.00 -1,172,000.00 7,147,000.00 3,178,000.00 822,000.00 -5,578,000.00 6,013,000.00 4,074,000.00 2,502,000.00 2,000.00 -3,000.00 -2,000.00 -1,000.00 302,000.00 -5,000.00 -1,000.00 -1,000.00
   Net Purchase/Sale of Business 14,000.00 14,000.00 14,000.00 0 0 0 0 20,000.00 0 0 0 -46,000.00 23,000.00 23,000.00 23,000.00 115,000.00 0 0 0
   Other Investing Activities -13,122,000.00 -8,390,000.00 -3,976,000.00 1,420,000.00 -7,698,000.00 -3,668,000.00 -912,000.00 7,194,000.00 -7,564,000.00 -5,004,000.00 -3,110,000.00 536,000.00 -1,122,000.00 -420,000.00 -214,000.00 690,000.00 -1,220,000.00 -913,000.00 -511,000.00
Financing Cash Flow -1,107,000.00 -709,000.00 -280,000.00 1,084,000.00 -1,159,000.00 -785,000.00 -776,000.00 -147,000.00 -240,000.00 -230,000.00 -99,000.00 526,000.00 -583,000.00 -513,000.00 -274,000.00 81,000.00 -220,000.00 -119,000.00 -55,000.00
   Net Issuance/Repayment of Debt 158,000.00 129,000.00 1,000.00 -181,000.00 474,000.00 359,000.00 1,000.00 149,000.00 212,000.00 2,000.00 1,000.00 -2,000.00 3,000.00 2,000.00 1,000.00 -2,000.00 2,000.00 1,000.00 1,000.00
   Net Issuance/Repurchase of Equity 692,000.00 368,000.00 173,000.00 -1,356,000.00 1,057,000.00 869,000.00 679,000.00 151,000.00 280,000.00 122,000.00 60,000.00 -569,000.00 411,000.00 400,000.00 224,000.00 43,000.00 32,000.00 0 0
   Dividends Paid 299,000.00 205,000.00 103,000.00 -129,000.00 223,000.00 154,000.00 80,000.00 -111,000.00 199,000.00 136,000.00 69,000.00 -99,000.00 181,000.00 124,000.00 68,000.00 -80,000.00 174,000.00 115,000.00 51,000.00
   Other Financing Activities -2,256,000.00 -1,411,000.00 -557,000.00 2,750,000.00 -2,913,000.00 -2,167,000.00 -1,536,000.00 -336,000.00 -931,000.00 -490,000.00 -229,000.00 1,196,000.00 -1,178,000.00 -1,039,000.00 -567,000.00 120,000.00 -428,000.00 -235,000.00 -107,000.00
Net Change in Cash -75,000.00 -131,000.00 102,000.00 -140,000.00 65,000.00 -85,000.00 -245,000.00 -43,000.00 1,000.00 59,000.00 -19,000.00 -3,000.00 75,000.00 11,000.00 -89,000.00 -119,000.00 120,000.00 51,000.00 -74,000.00
   Cash at Beginning of Period 723,000.00 723,000.00 723,000.00 863,000.00 1,128,000.00 1,128,000.00 1,128,000.00 1,171,000.00 1,130,000.00 1,130,000.00 1,130,000.00 1,133,000.00 1,136,000.00 1,136,000.00 1,136,000.00 1,255,000.00 1,158,000.00 1,158,000.00 1,158,000.00
   Cash at End of Period 648,000.00 592,000.00 825,000.00 723,000.00 1,193,000.00 1,043,000.00 883,000.00 1,128,000.00 1,131,000.00 1,189,000.00 1,111,000.00 1,130,000.00 1,211,000.00 1,147,000.00 1,047,000.00 1,136,000.00 1,278,000.00 1,209,000.00 1,084,000.00
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0