Financials

Income Statement Balance Sheet Cash Flow Ratios

Quarterly (QAR)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operating Summary
Revenue	162.78M	108.48M	114.47M	117.92M	124.38M
Cost of Revenue	115.07M	84.10M	100.51M	87.45M	91.66M
Gross Profit	47.71M	24.38M	13.96M	30.47M	32.72M
SG&A	34.62M	20.44M	13.79M	17.62M	21.09M
Operating Expenses	16.73M	13.36M	2.66M	18.08M	6.52M
Operating Income	30.98M	11.02M	11.30M	12.39M	26.19M
Interest Income	16.14M	1.00M	—	1.64M	20.15M
Interest Expense	-0.78M	-6.44M	-5.80M	-5.77M	-1.38M
Other Income/Expense	-29.92M	—	—	—	-30.09M
Pretax Income	52.85M	33.99M	33.40M	35.24M	41.09M
Net Income	48.48M	30.62M	30.53M	31.30M	39.77M
EBITDA	48.66M	17.48M	28.70M	22.01M	36.30M
EBIT	30.98M	11.02M	11.30M	12.39M	26.19M
EPS (Basic)	0.10	0.06	0.06	0.07	0.08
EPS (Diluted)	0.10	0.06	0.06	0.07	0.08
Margins & Efficiency
Gross Margin %	+29.3%	+22.5%	+12.2%	+25.8%	+26.3%
EBITDA Margin %	+29.9%	+16.1%	+25.1%	+18.7%	+29.2%
Net Margin %	+29.8%	+28.2%	+26.7%	+26.5%	+32.0%
Revenue & Income
Revenue	162.78M	108.48M	114.47M	117.92M	124.38M
Revenue Growth (YoY)	+30.9%	-16.6%	+4.1%	-0.3%	+4.8%
Interest & Investment Income	16.14M	1.00M	—	1.64M	20.15M
Earnings From Equity Investments	36.95M	28.84M	31.16M	23.77M	25.75M
Gain (Loss) on Sale of Investments	-0.51M	-0.43M	-3.25M	3.21M	0.46M
Expenses & Provisions
Cost of Revenue	115.07M	84.10M	100.51M	87.45M	91.66M
Selling, General & Admin	34.62M	20.44M	13.79M	17.62M	21.09M
Operating Expenses	16.73M	13.36M	2.66M	18.08M	6.52M
Other Operating Expenses	-19.05M	-8.81M	-12.28M	-8.62M	-17.51M
Interest Expense	-0.78M	-6.44M	-5.80M	-5.77M	-1.38M
Other Non Operating Income (Expenses)	-29.92M	—	—	—	-30.09M
D&A For EBITDA	17.68M	6.46M	17.40M	9.62M	10.11M
Profitability & Returns
Gross Profit	47.71M	24.38M	13.96M	30.47M	32.72M
Gross Margin	+29.3%	+22.5%	+12.2%	+25.8%	+26.3%
EBIT	30.98M	11.02M	11.30M	12.39M	26.19M
EBIT Margin	+19.0%	+10.2%	+9.9%	+10.5%	+21.1%
EBITDA	48.66M	17.48M	28.70M	22.01M	36.30M
EBITDA Margin	+29.9%	+16.1%	+25.1%	+18.7%	+29.2%
EBT Excluding Unusual Items	53.36M	34.42M	36.65M	32.02M	40.63M
Pretax Income	52.85M	33.99M	33.40M	35.24M	41.09M
Operating Income	30.98M	11.02M	11.30M	12.39M	26.19M
Operating Margin	+19.0%	+10.2%	+9.9%	+10.5%	+21.1%
Profit Margin	+29.8%	+28.2%	+26.7%	+26.5%	+32.0%
Net Income	48.48M	30.62M	30.53M	31.30M	39.77M
Net Income to Common	48.48M	30.62M	30.53M	31.30M	39.77M
Net Income Growth	+21.9%	-12.5%	-29.2%	-14.2%	+100.7%
Earnings From Continuing Ops.	52.85M	33.99M	33.40M	35.24M	41.09M
Minority Interest in Earnings	-4.37M	-3.37M	-2.87M	-3.94M	-1.32M
Per Share & Capital
EPS (Basic)	0.10	0.06	0.06	0.07	0.08
EPS (Diluted)	0.10	0.06	0.06	0.07	0.08
EPS Growth	+21.9%	-12.5%	-29.2%	-14.3%	+100.7%
Dividend Per Share	—	—	—	—	0.13
Shares Change (YoY)	—	—	—	0	—
Shares Outstanding (Basic)	475.20M	475.20M	475.20M	474.17M	475.20M
Shares Outstanding (Diluted)	475.20M	475.20M	475.20M	474.17M	475.20M
Dividend Growth	—	—	—	—	—
Free Cash Flow	-47.45M	-44.47M	-43.47M	-37.34M	-152.76M
Free Cash Flow Margin	-29.1%	-41.0%	-38.0%	-31.7%	-122.8%
Free Cash Flow Per Share	-0.10	-0.09	-0.09	-0.08	-0.32
Payout Ratio	—	—	—	+197.4%	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (QAR)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operating Summary
Revenue	162.78M	108.48M	114.47M	117.92M	124.38M
Cost of Revenue	115.07M	84.10M	100.51M	87.45M	91.66M
Gross Profit	47.71M	24.38M	13.96M	30.47M	32.72M
SG&A	34.62M	20.44M	13.79M	17.62M	21.09M
Operating Expenses	16.73M	13.36M	2.66M	18.08M	6.52M
Operating Income	30.98M	11.02M	11.30M	12.39M	26.19M
Interest Income	16.14M	1.00M	—	1.64M	20.15M
Interest Expense	-0.78M	-6.44M	-5.80M	-5.77M	-1.38M
Other Income/Expense	-29.92M	—	—	—	-30.09M
Pretax Income	52.85M	33.99M	33.40M	35.24M	41.09M
Net Income	48.48M	30.62M	30.53M	31.30M	39.77M
EBITDA	48.66M	17.48M	28.70M	22.01M	36.30M
EBIT	30.98M	11.02M	11.30M	12.39M	26.19M
EPS (Basic)	0.10	0.06	0.06	0.07	0.08
EPS (Diluted)	0.10	0.06	0.06	0.07	0.08
Margins & Efficiency
Gross Margin %	+29.3%	+22.5%	+12.2%	+25.8%	+26.3%
EBITDA Margin %	+29.9%	+16.1%	+25.1%	+18.7%	+29.2%
Net Margin %	+29.8%	+28.2%	+26.7%	+26.5%	+32.0%
Revenue & Income
Revenue	162.78M	108.48M	114.47M	117.92M	124.38M
Revenue Growth (YoY)	+30.9%	-16.6%	+4.1%	-0.3%	+4.8%
Interest & Investment Income	16.14M	1.00M	—	1.64M	20.15M
Earnings From Equity Investments	36.95M	28.84M	31.16M	23.77M	25.75M
Gain (Loss) on Sale of Investments	-0.51M	-0.43M	-3.25M	3.21M	0.46M
Expenses & Provisions
Cost of Revenue	115.07M	84.10M	100.51M	87.45M	91.66M
Selling, General & Admin	34.62M	20.44M	13.79M	17.62M	21.09M
Operating Expenses	16.73M	13.36M	2.66M	18.08M	6.52M
Other Operating Expenses	-19.05M	-8.81M	-12.28M	-8.62M	-17.51M
Interest Expense	-0.78M	-6.44M	-5.80M	-5.77M	-1.38M
Other Non Operating Income (Expenses)	-29.92M	—	—	—	-30.09M
D&A For EBITDA	17.68M	6.46M	17.40M	9.62M	10.11M
Profitability & Returns
Gross Profit	47.71M	24.38M	13.96M	30.47M	32.72M
Gross Margin	+29.3%	+22.5%	+12.2%	+25.8%	+26.3%
EBIT	30.98M	11.02M	11.30M	12.39M	26.19M
EBIT Margin	+19.0%	+10.2%	+9.9%	+10.5%	+21.1%
EBITDA	48.66M	17.48M	28.70M	22.01M	36.30M
EBITDA Margin	+29.9%	+16.1%	+25.1%	+18.7%	+29.2%
EBT Excluding Unusual Items	53.36M	34.42M	36.65M	32.02M	40.63M
Pretax Income	52.85M	33.99M	33.40M	35.24M	41.09M
Operating Income	30.98M	11.02M	11.30M	12.39M	26.19M
Operating Margin	+19.0%	+10.2%	+9.9%	+10.5%	+21.1%
Profit Margin	+29.8%	+28.2%	+26.7%	+26.5%	+32.0%
Net Income	48.48M	30.62M	30.53M	31.30M	39.77M
Net Income to Common	48.48M	30.62M	30.53M	31.30M	39.77M
Net Income Growth	+21.9%	-12.5%	-29.2%	-14.2%	+100.7%
Earnings From Continuing Ops.	52.85M	33.99M	33.40M	35.24M	41.09M
Minority Interest in Earnings	-4.37M	-3.37M	-2.87M	-3.94M	-1.32M
Per Share & Capital
EPS (Basic)	0.10	0.06	0.06	0.07	0.08
EPS (Diluted)	0.10	0.06	0.06	0.07	0.08
EPS Growth	+21.9%	-12.5%	-29.2%	-14.3%	+100.7%
Dividend Per Share	—	—	—	—	0.13
Shares Change (YoY)	—	—	—	0	—
Shares Outstanding (Basic)	475.20M	475.20M	475.20M	474.17M	475.20M
Shares Outstanding (Diluted)	475.20M	475.20M	475.20M	474.17M	475.20M
Dividend Growth	—	—	—	—	—
Free Cash Flow	-47.45M	-44.47M	-43.47M	-37.34M	-152.76M
Free Cash Flow Margin	-29.1%	-41.0%	-38.0%	-31.7%	-122.8%
Free Cash Flow Per Share	-0.10	-0.09	-0.09	-0.08	-0.32
Payout Ratio	—	—	—	+197.4%	—

Financials

Quarterly (QAR)

Ind. Manf. Co.

Quarterly (QAR)