Financials

Income Statement Balance Sheet Cash Flow Ratios

Quarterly (SAR)

1-5

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Operating Summary
Revenue	117.71M	162.78M	175.14M	186.56M	175.17M
Operating Income	6.03M	-0.10M	8.05M	9.93M	65.93M
Interest Income	12.72M	13.57M	10.02M	9.95M	9.60M
Interest Expense	-14.02M	-12.84M	-12.44M	-11.75M	-12.08M
Pretax Income	4.80M	1.48M	7.13M	9.88M	63.89M
Income Tax	1.69M	1.02M	2.04M	1.52M	2.04M
Net Income	2.63M	-0.93M	4.56M	7.35M	61.43M
EBITDA	14.78M	10.39M	16.06M	17.90M	78.11M
Operations & Maintenance	1.63M	2.35M	1.37M	1.45M	0.91M
Utility Operating Expenses	111.68M	162.89M	167.08M	176.63M	109.25M
EPS (Basic)	0.02	-0.01	0.03	0.05	0.38
EPS (Diluted)	0.02	-0.01	0.03	0.05	0.38
Margins & Efficiency
EBITDA Margin %	+12.6%	+6.4%	+9.2%	+9.6%	+44.6%
Net Margin %	+2.2%	-0.6%	+2.6%	+3.9%	+35.1%
Revenue & Income
Revenue	117.71M	162.78M	175.14M	186.56M	175.17M
Revenue Growth (YoY)	-32.8%	+18.8%	+97.9%	+139.3%	+114.7%
Interest Income	12.72M	13.57M	10.02M	9.95M	9.60M
Income (Loss) on Equity Investments	0.06M	0.92M	1.49M	1.75M	0.44M
Gain (Loss) on Sale of Assets	—	—	—	—	—
Expenses & Provisions
Selling, General & Admin	6.90M	9.45M	10.30M	13.09M	9.02M
Total Operating Expenses	111.68M	162.89M	167.08M	176.63M	109.25M
Interest Expense	-14.02M	-12.84M	-12.44M	-11.75M	-12.08M
Other Non-Operating Income (Expenses)	—	-219.54K	—	—	—
Operations & Maintenance	1.63M	2.35M	1.37M	1.45M	0.91M
Provision for Bad Debts	—	-0.33M	—	—	0.95M
Asset Writedown	—	0.15M	—	—	—
D&A For EBITDA	8.75M	10.49M	8.01M	7.97M	12.19M
Depreciation & Amortization	1.99M	3.11M	1.83M	1.69M	2.18M
Amortization of Goodwill & Intangibles	24.56K	32.48K	16.38K	24.56K	24.56K
Profitability & Returns
EBIT	6.03M	-0.10M	8.05M	9.93M	65.93M
EBIT Margin	+5.1%	-0.1%	+4.6%	+5.3%	+37.6%
EBITDA	14.78M	10.39M	16.06M	17.90M	78.11M
EBITDA Margin	+12.6%	+6.4%	+9.2%	+9.6%	+44.6%
EBT Excluding Unusual Items	4.80M	1.33M	7.13M	9.88M	63.89M
Pretax Income	4.80M	1.48M	7.13M	9.88M	63.89M
Operating Income	6.03M	-0.10M	8.05M	9.93M	65.93M
Profit Margin	+2.2%	-0.6%	+2.6%	+3.9%	+35.1%
Net Income	2.63M	-0.93M	4.56M	7.35M	61.43M
Net Income to Common	2.63M	-0.93M	4.56M	7.35M	61.43M
Net Income Growth	-95.7%	—	-72.4%	-7.2%	+212.2%
Earnings From Continuing Ops.	3.11M	0.46M	5.09M	8.36M	61.85M
Minority Interest in Earnings	-0.48M	-1.38M	-0.53M	-1.01M	-0.42M
Income Tax Expense	1.69M	1.02M	2.04M	1.52M	2.04M
Effective Tax Rate	+35.2%	+69.1%	+28.6%	+15.3%	+3.2%
Net Interest Expense	-1.30M	0.74M	-2.41M	-1.80M	-2.48M
Per Share & Capital
EPS (Basic)	0.02	-0.01	0.03	0.05	0.38
EPS (Diluted)	0.02	-0.01	0.03	0.05	0.38
EPS Growth	-95.7%	—	-71.6%	-7.2%	+216.7%
Dividend Per Share	—	0.15	—	—	—
Shares Change (YoY)	—	—	—	—	—
Shares Outstanding (Basic)	160.93M	160.93M	160.93M	160.93M	160.93M
Shares Outstanding (Diluted)	160.93M	160.93M	160.93M	160.93M	160.93M
Dividend Growth	—	+50.0%	—	—	—
Free Cash Flow	1.54M	60.83M	26.55M	-9.24M	75.29M
Free Cash Flow Margin	+1.3%	+37.4%	+15.2%	-5.0%	+43.0%
Free Cash Flow Per Share	0.01	0.38	0.17	-0.06	0.47
Payout Ratio	—	—	+352.7%	—	—
Supplemental
Other Operating Expenses	101.13M	148.28M	153.56M	160.38M	96.16M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (SAR)

1-5

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Operating Summary
Revenue	117.71M	162.78M	175.14M	186.56M	175.17M
Operating Income	6.03M	-0.10M	8.05M	9.93M	65.93M
Interest Income	12.72M	13.57M	10.02M	9.95M	9.60M
Interest Expense	-14.02M	-12.84M	-12.44M	-11.75M	-12.08M
Pretax Income	4.80M	1.48M	7.13M	9.88M	63.89M
Income Tax	1.69M	1.02M	2.04M	1.52M	2.04M
Net Income	2.63M	-0.93M	4.56M	7.35M	61.43M
EBITDA	14.78M	10.39M	16.06M	17.90M	78.11M
Operations & Maintenance	1.63M	2.35M	1.37M	1.45M	0.91M
Utility Operating Expenses	111.68M	162.89M	167.08M	176.63M	109.25M
EPS (Basic)	0.02	-0.01	0.03	0.05	0.38
EPS (Diluted)	0.02	-0.01	0.03	0.05	0.38
Margins & Efficiency
EBITDA Margin %	+12.6%	+6.4%	+9.2%	+9.6%	+44.6%
Net Margin %	+2.2%	-0.6%	+2.6%	+3.9%	+35.1%
Revenue & Income
Revenue	117.71M	162.78M	175.14M	186.56M	175.17M
Revenue Growth (YoY)	-32.8%	+18.8%	+97.9%	+139.3%	+114.7%
Interest Income	12.72M	13.57M	10.02M	9.95M	9.60M
Income (Loss) on Equity Investments	0.06M	0.92M	1.49M	1.75M	0.44M
Gain (Loss) on Sale of Assets	—	—	—	—	—
Expenses & Provisions
Selling, General & Admin	6.90M	9.45M	10.30M	13.09M	9.02M
Total Operating Expenses	111.68M	162.89M	167.08M	176.63M	109.25M
Interest Expense	-14.02M	-12.84M	-12.44M	-11.75M	-12.08M
Other Non-Operating Income (Expenses)	—	-219.54K	—	—	—
Operations & Maintenance	1.63M	2.35M	1.37M	1.45M	0.91M
Provision for Bad Debts	—	-0.33M	—	—	0.95M
Asset Writedown	—	0.15M	—	—	—
D&A For EBITDA	8.75M	10.49M	8.01M	7.97M	12.19M
Depreciation & Amortization	1.99M	3.11M	1.83M	1.69M	2.18M
Amortization of Goodwill & Intangibles	24.56K	32.48K	16.38K	24.56K	24.56K
Profitability & Returns
EBIT	6.03M	-0.10M	8.05M	9.93M	65.93M
EBIT Margin	+5.1%	-0.1%	+4.6%	+5.3%	+37.6%
EBITDA	14.78M	10.39M	16.06M	17.90M	78.11M
EBITDA Margin	+12.6%	+6.4%	+9.2%	+9.6%	+44.6%
EBT Excluding Unusual Items	4.80M	1.33M	7.13M	9.88M	63.89M
Pretax Income	4.80M	1.48M	7.13M	9.88M	63.89M
Operating Income	6.03M	-0.10M	8.05M	9.93M	65.93M
Profit Margin	+2.2%	-0.6%	+2.6%	+3.9%	+35.1%
Net Income	2.63M	-0.93M	4.56M	7.35M	61.43M
Net Income to Common	2.63M	-0.93M	4.56M	7.35M	61.43M
Net Income Growth	-95.7%	—	-72.4%	-7.2%	+212.2%
Earnings From Continuing Ops.	3.11M	0.46M	5.09M	8.36M	61.85M
Minority Interest in Earnings	-0.48M	-1.38M	-0.53M	-1.01M	-0.42M
Income Tax Expense	1.69M	1.02M	2.04M	1.52M	2.04M
Effective Tax Rate	+35.2%	+69.1%	+28.6%	+15.3%	+3.2%
Net Interest Expense	-1.30M	0.74M	-2.41M	-1.80M	-2.48M
Per Share & Capital
EPS (Basic)	0.02	-0.01	0.03	0.05	0.38
EPS (Diluted)	0.02	-0.01	0.03	0.05	0.38
EPS Growth	-95.7%	—	-71.6%	-7.2%	+216.7%
Dividend Per Share	—	0.15	—	—	—
Shares Change (YoY)	—	—	—	—	—
Shares Outstanding (Basic)	160.93M	160.93M	160.93M	160.93M	160.93M
Shares Outstanding (Diluted)	160.93M	160.93M	160.93M	160.93M	160.93M
Dividend Growth	—	+50.0%	—	—	—
Free Cash Flow	1.54M	60.83M	26.55M	-9.24M	75.29M
Free Cash Flow Margin	+1.3%	+37.4%	+15.2%	-5.0%	+43.0%
Free Cash Flow Per Share	0.01	0.38	0.17	-0.06	0.47
Payout Ratio	—	—	+352.7%	—	—
Supplemental
Other Operating Expenses	101.13M	148.28M	153.56M	160.38M	96.16M

Financials

Quarterly (SAR)

MIAHONA

Quarterly (SAR)