Hibiscus Petroleum Berhad (5199.KL)

Analysis: Margins & Ratios Industry: Oil & Gas Exploration & Production Sector: Energy Live Price: $1.54

Income Statement Margins

Metric	3Y Avg	5Y Avg	10Y Avg	TTM	TTM-1	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2013-03-31	2012-03-31
Revenue	603,157,325	484,328,125	300,219,295	570,949,541	664,648,739	570,949,541	664,648,739	573,873,694	415,206,550	196,962,102	158,225,389	241,877,276	96,511,801	63,943,850	19,994,012	2,084,244	1,948,410
Cost of Revenue	221,134,827	171,039,045	107,099,508	231,089,382	232,249,205	231,089,382	232,249,205	200,065,895	117,384,646	74,406,100	60,893,025	79,739,474	42,398,552	22,782,562	9,986,236	0	0
Cost of Revenue Margin	36.76%	35.27%	37.73%	40.47%	34.94%	40.47%	34.94%	34.86%	28.27%	37.78%	38.48%	32.97%	43.93%	35.63%	49.95%	0.00%	0.00%
Gross Profit	382,022,498	313,289,080	193,119,788	339,860,159	432,399,535	339,860,159	432,399,535	373,807,800	297,821,903	122,556,002	97,332,364	162,137,803	54,113,250	41,161,288	10,007,776	2,084,244	1,948,410
Gross Profit Margin	63.24%	64.73%	62.27%	59.53%	65.06%	59.53%	65.06%	65.14%	71.73%	62.22%	61.52%	67.03%	56.07%	64.37%	50.05%	100.00%	100.00%
R&D Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D Expenses Margin	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%
SG&A Expenses	66,294,029	62,893,481	42,046,280	54,793,125	85,042,255	54,793,125	71,900,207	72,188,755	85,800,704	29,784,613	17,687,360	27,623,559	19,291,157	12,483,183	28,910,138	3,755,062	1,534,401
SG&A Expenses Margin	11.00%	13.76%	27.55%	9.60%	12.80%	9.60%	10.82%	12.58%	20.66%	15.12%	11.18%	11.42%	19.99%	19.52%	144.59%	180.16%	78.75%
Operating Expenses	66,294,029	71,843,084	46,521,082	98,324,050	85,042,010	54,793,125	71,900,207	72,188,755	85,800,704	74,532,630	17,687,360	27,623,559	19,291,157	12,483,183	28,910,138	3,755,062	3,015,064
Operating Expenses Margin	11.00%	18.30%	29.82%	17.22%	12.80%	9.60%	10.82%	12.58%	20.66%	37.84%	11.18%	11.42%	19.99%	19.52%	144.59%	180.16%	154.74%
Operating Income (EBIT)	315,728,469	241,445,995	151,643,028	241,536,109	318,134,344	285,067,034	360,499,328	301,619,044	212,021,199	48,023,372	79,645,004	134,514,244	66,081,613	15,175,509	13,783,935	-961,854	-1,066,654
Operating Income (EBIT) Margin	52.24%	46.43%	49.93%	42.30%	47.87%	49.93%	54.24%	52.56%	51.06%	24.38%	50.34%	55.61%	68.47%	23.73%	68.94%	-46.15%	-54.74%
Interest Income	7,279,628	4,427,787	2,256,030	6,273,665	11,877,722	6,273,665	11,877,722	3,687,498	201,666	98,385	202,889	83,456	135,023	0	0	570,797	1,495,944
Interest Income Margin	1.18%	0.73%	0.39%	1.10%	1.79%	1.10%	1.79%	0.64%	0.05%	0.05%	0.13%	0.03%	0.14%	0.00%	0.00%	27.39%	76.78%
Interest Expense	25,959,082	20,626,198	13,657,861	32,824,529	26,145,329	32,824,529	26,145,329	18,907,389	14,930,853	10,322,888	10,519,415	10,382,116	5,147,146	5,393,013	2,005,937	333,500	0
Interest Expense Margin	4.33%	4.36%	5.66%	5.75%	3.93%	5.75%	3.93%	3.29%	3.60%	5.24%	6.65%	4.29%	5.33%	8.43%	10.03%	16.00%	0.00%
Net Interest Income	-18,679,454	-16,198,411	-11,401,822	-26,550,864	-14,267,608	-26,550,864	-14,267,608	-15,219,891	-14,729,187	-10,224,503	-10,316,525	-10,298,659	-5,012,030	-5,393,013	-2,005,937	-632,122	1,495,944
Net Interest Income Margin	-3.15%	-3.64%	-5.26%	-4.65%	-2.15%	-4.65%	-2.15%	-2.65%	-3.55%	-5.19%	-6.52%	-4.26%	-5.19%	-8.43%	-10.03%	-30.33%	76.78%
Unusual Items	186,366,818	124,324,347	80,062,893	178,876,795	151,671,986	222,407,720	194,129,726	142,563,008	45,292,563	17,228,717	83,772,299	49,005,269	11,262,812	5,393,013	29,573,807	-237,298	-1,495,944
Unusual Items Margin	31.00%	22.53%	35.39%	31.33%	22.82%	38.95%	29.21%	24.84%	10.91%	8.75%	52.94%	20.26%	11.67%	8.43%	147.91%	-11.39%	-76.78%
EBT Excluding Unusual Items	-38,325,713	8,995,712	2,919,072	-89,666,618	29,057,980	-133,197,542	-13,492,516	31,712,920	136,165,260	23,790,441	-77,583,069	46,802,364	48,568,112	9,782,496	-43,357,742	-724,557	429,290
EBT Excluding Unusual Items Margin	-6.61%	5.01%	-15.59%	-15.70%	4.37%	-23.33%	-2.03%	5.53%	32.79%	12.08%	-49.03%	19.35%	50.32%	15.30%	-216.85%	-34.76%	22.03%
Pre-Tax Income	148,041,105	133,320,059	82,981,966	89,210,177	180,729,966	89,210,177	180,637,210	174,275,928	181,457,823	41,019,158	6,189,230	95,807,634	59,830,924	15,175,509	-13,783,935	-961,854	-1,066,654
Pre-Tax Income Margin	24.39%	27.54%	19.80%	15.62%	27.19%	15.62%	27.18%	30.37%	43.70%	20.83%	3.91%	39.61%	61.99%	23.73%	-68.94%	-46.15%	-54.74%
Income Tax Expense	67,673,465	48,064,586	29,815,598	60,453,962	66,313,282	60,453,962	66,313,282	76,253,152	21,657,043	15,645,494	18,243,654	39,514,986	9,974,422	-10,790,623	890,613	65,255	128,716
Income Tax Expense Margin	11.28%	9.40%	7.28%	10.59%	9.98%	10.59%	9.98%	13.29%	5.22%	7.94%	11.53%	16.34%	10.33%	-16.88%	4.45%	3.13%	6.61%
Net Income	80,367,640	85,255,473	53,166,367	28,756,216	114,323,928	28,756,216	114,323,928	98,022,775	159,800,780	25,373,664	-12,054,424	56,292,647	49,856,502	25,966,132	-14,674,548	-1,027,109	-1,195,370
Net Income Margin	13.11%	18.14%	12.52%	5.04%	17.20%	5.04%	17.20%	17.08%	38.49%	12.88%	-7.62%	23.27%	51.66%	40.61%	-73.39%	-49.28%	-61.35%
Depreciation and Amortization	120,453,196	94,360,878	59,688,776	127,254,521	116,542,985	127,254,521	116,542,985	117,562,083	68,582,756	41,862,043	41,279,806	34,330,659	20,389,356	20,568,545	8,515,003	56,249	28,265
Depreciation and Amortization Margin	20.10%	19.62%	23.42%	22.29%	17.53%	22.29%	17.53%	20.49%	16.52%	21.25%	26.09%	14.19%	21.13%	32.17%	42.59%	2.70%	1.45%
EBITDA	294,375,638	248,260,487	154,021,084	249,305,869	323,450,342	249,289,227	323,092,287	310,745,399	264,971,432	93,204,089	52,294,575	134,451,345	80,677,837	36,392,087	-4,907,441	-1,614,570	-1,038,389
EBITDA Margin	48.81%	51.51%	46.22%	43.67%	48.66%	43.66%	48.61%	54.15%	63.82%	47.32%	33.05%	55.59%	83.59%	56.91%	-24.54%	-77.47%	-53.29%
NOPAT	163,231,441	141,223,413	72,573,774	77,857,310	201,404,768	91,889,170	228,157,306	169,647,847	186,716,409	29,706,337	-155,120,211	79,035,068	55,065,138	25,966,132	14,674,548	-1,027,109	-1,195,370
NOPAT Margin	26.66%	28.01%	24.57%	13.64%	30.30%	16.09%	34.33%	29.56%	44.97%	15.08%	-98.04%	32.68%	57.06%	40.61%	73.39%	-49.28%	-61.35%
Owner's Earnings	31,783,568	59,763,599	32,332,388	-42,870,861	48,975,656	-42,870,861	48,975,656	89,245,909	151,023,914	52,443,377	-42,458,474	3,792,491	52,518,143	43,312,741	-32,659,016	-12,516,804	-1,355,355
Owner's Earnings Margin	5.14%	15.68%	1.20%	-7.51%	7.37%	-7.51%	7.37%	15.55%	36.37%	26.63%	-26.83%	1.57%	54.42%	67.74%	-163.34%	-600.54%	-69.56%

Balance Sheet Margins

Metric	3Y Avg	5Y Avg	10Y Avg	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2013-12-31	2013-03-31	2012-03-31	2011-03-31
Revenue	603,157,325	484,328,125	300,219,295	570,949,541	664,648,739	573,873,694	415,206,550	196,962,102	158,225,389	241,877,276	96,511,801	63,943,850	19,994,012	0	2,084,244	1,948,410	0
Cash & Cash Equivalents	156,402,565	167,480,770	96,035,578	85,050,576	149,290,176	234,866,944	234,866,944	133,329,212	18,920,115	50,589,961	33,274,019	13,308,886	6,858,944	15,273,000	30,712,139	53,481,564	615,862
Cash & Cash Equivalents Margin	26.09%	40.51%	32.50%	14.90%	22.46%	40.93%	56.57%	67.69%	11.96%	20.92%	34.48%	20.81%	34.30%	0.00%	1,473.54%	2,744.88%	0.00%
Short-Term Investments	6,365,687	3,819,412	1,909,706	0	19,097,062	0	0	0	0	0	0	0	0	0	0	0	0
Short-Term Investments Margin	0.96%	0.57%	0.29%	0.00%	2.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Cash & Short-Term Investments	162,768,253	171,300,183	97,945,284	85,050,576	168,387,239	234,866,944	234,866,944	133,329,212	18,920,115	50,589,961	33,274,019	13,308,886	6,858,944	15,273,000	30,712,139	53,481,564	615,862
Cash & Short-Term Investments Margin	27.05%	41.08%	32.79%	14.90%	25.33%	40.93%	56.57%	67.69%	11.96%	20.92%	34.48%	20.81%	34.30%	0.00%	1,473.54%	2,744.88%	0.00%
Net Receivables	125,953,565	101,401,949	56,930,056	249,834,997	136,353,954	-8,328,257	101,438,856	27,710,197	7,124,626	15,992,291	36,613,169	1,866,062	694,661	0	389,817	925,915	0
Net Receivables Margin	20.94%	20.26%	15.68%	43.76%	20.52%	-1.45%	24.43%	14.07%	4.50%	6.61%	37.94%	2.92%	3.47%	0.00%	18.70%	47.52%	0.00%
Inventory	46,864,120	45,863,493	26,772,000	44,641,065	47,339,079	48,612,217	48,612,217	40,112,886	16,661,899	5,232,052	14,173,821	978,240	1,356,527	0	0	0	0
Inventory Margin	7.80%	11.10%	9.12%	7.82%	7.12%	8.47%	11.71%	20.37%	10.53%	2.16%	14.69%	1.53%	6.78%	0.00%	0.00%	0.00%	0.00%
Other Current Assets	147,855,103	116,044,793	70,134,466	8,596,982	207,859,640	227,108,686	96,496,577	40,162,079	39,592,814	25,720,950	49,881,928	2,835,170	3,089,833	2,553,128	15,215,092	0	91,652
Other Current Assets Margin	24.12%	23.20%	22.32%	1.51%	31.27%	39.57%	23.24%	20.39%	25.02%	10.63%	51.68%	4.43%	15.45%	0.00%	730.01%	0.00%	0.00%
Total Current Assets	490,457,247	472,178,595	269,746,618	388,123,621	571,510,485	511,737,635	511,737,635	377,783,601	86,498,703	116,761,538	98,506,889	20,457,197	14,348,880	17,826,127	31,157,112	53,988,691	716,645
Total Current Assets Margin	81.05%	111.64%	86.70%	67.98%	85.99%	89.17%	123.25%	191.81%	54.67%	48.27%	102.07%	31.99%	71.77%	0.00%	1,494.89%	2,770.91%	0.00%
Property, Plant & Equipment	678,624,454	612,599,100	346,030,362	930,604,271	571,108,622	534,160,469	534,160,469	492,961,671	146,790,647	93,057,001	56,121,582	49,588,186	51,750,700	7,617,288	937,644	161,469	1,484
Property, Plant & Equipment Margin	114.00%	144.19%	124.67%	162.99%	85.93%	93.08%	128.65%	250.28%	92.77%	38.47%	58.15%	77.55%	258.83%	0.00%	44.99%	8.29%	0.00%
Goodwill	21,240,332	12,744,199	6,372,100	63,720,996	0	0	0	0	0	0	0	0	0	0	0	0	0
Goodwill Margin	3.72%	2.23%	1.12%	11.16%	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%
Intangible Assets	337,945,476	343,475,409	324,905,390	307,995,990	350,461,072	355,379,367	355,379,367	348,161,250	333,976,609	374,470,556	327,279,054	251,909,053	244,041,584	0	10,812,403	0	0
Intangible Assets Margin	56.20%	86.19%	275.05%	53.94%	52.73%	61.93%	85.59%	176.77%	211.08%	154.82%	339.11%	393.95%	1,220.57%	0.00%	518.77%	0.00%	0.00%
Long-Term Investments	68,776,427	28,349,947	17,234,264	107,768,567	0	98,560,714	-32,190,163	-32,389,381	26,510,482	1,406,031	1,200,586	1,000,978	474,829	0	0	0	0
Long-Term Investments Margin	12.02%	2.37%	3.44%	18.88%	0.00%	17.17%	-7.75%	-16.44%	16.75%	0.58%	1.24%	1.57%	2.37%	0.00%	0.00%	0.00%	0.00%
Tax Assets	1,631,518	6,134,310	5,740,372	780,231	0	4,114,324	4,114,324	21,662,672	-26,510,482	-1,406,031	35,532,781	15,145,652	3,970,253	0	0	0	0
Tax Assets Margin	0.28%	2.57%	7.59%	0.14%	0.00%	0.72%	0.99%	11.00%	-16.75%	-0.58%	36.82%	23.69%	19.86%	0.00%	0.00%	0.00%	0.00%
Other Non-Current Assets	90,247,712	111,099,723	52,876,644	20,221,887	237,446,014	13,075,235	143,826,111	140,929,368	26,510,482	1,406,031	-35,532,781	-15,145,652	-3,970,253	54,555,972	47,707,461	3,000,023	0
Other Non-Current Assets Margin	13.85%	29.55%	8.47%	3.54%	35.73%	2.28%	34.64%	71.55%	16.75%	0.58%	-36.82%	-23.69%	-19.86%	0.00%	2,288.96%	153.97%	0.00%
Other Assets	-38,060,088	-22,836,053	-11,418,027	0	-114,180,265	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets Margin	-5.73%	-3.44%	-1.72%	0.00%	-17.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Non-Current Assets	1,198,465,919	1,114,402,689	753,159,139	1,431,091,942	1,159,015,707	1,005,290,108	1,005,290,108	971,325,580	507,277,738	468,933,588	384,601,290	302,498,218	296,267,113	77,295,011	59,457,508	3,161,492	1,484
Total Non-Current Assets Margin	200.07%	267.10%	420.33%	250.65%	174.38%	175.18%	242.12%	493.15%	320.60%	193.87%	398.50%	473.07%	1,481.78%	0.00%	2,852.71%	162.26%	0.00%
Total Assets	1,650,863,078	1,563,745,231	1,011,487,731	1,819,215,563	1,616,345,927	1,517,027,743	1,517,027,743	1,349,109,181	593,776,440	585,695,126	483,108,179	322,955,414	310,615,993	95,121,138	90,614,620	57,150,183	718,129
Total Assets Margin	275.39%	375.30%	505.31%	318.63%	243.19%	264.35%	365.37%	684.96%	375.27%	242.15%	500.57%	505.06%	1,553.55%	0.00%	4,347.60%	2,933.17%	0.00%
Accounts Payable	7,521,350	5,398,573	3,114,021	6,734,021	6,456,731	9,373,297	2,070,011	2,358,804	1,174,018	2,134,378	765,057	59,147	14,748	0	7,263,113	153,573	0
Accounts Payable Margin	1.26%	1.10%	0.81%	1.18%	0.97%	1.63%	0.50%	1.20%	0.74%	0.88%	0.79%	0.09%	0.07%	0.00%	348.48%	7.88%	0.00%
Short-Term Debt	46,364,932	32,166,227	17,323,377	93,802,724	22,818,089	22,473,985	21,736,338	0	12,040,474	254,774	0	53,693	53,693	0	0	0	0
Short-Term Debt Margin	7.93%	5.80%	3.71%	16.43%	3.43%	3.92%	5.24%	0.00%	7.61%	0.11%	0.00%	0.08%	0.27%	0.00%	0.00%	0.00%	0.00%
Tax Payables	42,872,248	45,641,073	28,904,165	0	74,160,136	54,456,608	82,335,186	17,253,436	639,506	19,471,759	25,167,534	6,343,979	9,213,507	0	0	0	0
Tax Payables Margin	6.88%	9.85%	13.98%	0.00%	11.16%	9.49%	19.83%	8.76%	0.40%	8.05%	26.08%	9.92%	46.08%	0.00%	0.00%	0.00%	0.00%
Deferred Revenue	98,935,084	187,130,554	115,989,803	0	17,211,830	279,593,423	279,593,423	359,254,091	82,558,634	89,844,299	51,949,713	-53,693	-53,693	0	0	0	0
Deferred Revenue Margin	17.10%	60.21%	44.38%	0.00%	2.59%	48.72%	67.34%	182.40%	52.18%	37.14%	53.83%	-0.08%	-0.27%	0.00%	0.00%	0.00%	0.00%
Other Current Liabilities	187,068,651	228,938,607	135,981,722	79,588,714	236,247,767	245,369,471	200,303,048	383,184,034	56,762,303	73,284,946	43,366,775	19,800,051	21,910,111	310,086	954,202	53,693	972,102
Other Current Liabilities Margin	30.75%	67.01%	58.67%	13.94%	35.54%	42.76%	48.24%	194.55%	35.87%	30.30%	44.93%	30.96%	109.58%	0.00%	45.78%	2.76%	0.00%
Total Current Liabilities	404,389,205	394,476,778	229,298,204	483,256,751	386,478,479	343,432,384	343,432,384	415,783,891	98,437,365	96,982,141	57,697,036	30,609,655	36,871,954	4,534,298	12,060,778	325,054	992,543
Total Current Liabilities Margin	67.54%	99.29%	89.08%	84.64%	58.15%	59.84%	82.71%	211.10%	62.21%	40.10%	59.78%	47.87%	184.41%	0.00%	578.66%	16.68%	0.00%
Long-Term Debt	83,320,183	49,992,110	15,895,205	92,516,615	68,110,897	89,333,037	0	0	0	0	-91,008,501	0	0	0	0	0	0
Long-Term Debt Margin	14.01%	8.40%	-5.23%	16.20%	10.25%	15.57%	0.00%	0.00%	0.00%	0.00%	-94.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Capital Lease Obligations	93,736,562	99,051,809	50,454,680	89,533,968	92,395,958	99,279,760	99,279,760	114,769,599	6,135,142	1,182,584	1,970,032	0	0	0	0	0	0
Capital Lease Obligations Margin	15.63%	25.81%	13.55%	15.68%	13.90%	17.30%	23.91%	58.27%	3.88%	0.49%	2.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Deferred Tax Liabilities	218,024,671	198,077,284	146,584,473	262,485,853	197,515,949	194,072,212	194,072,212	142,240,196	118,892,489	96,749,638	84,477,467	79,678,136	95,660,578	0	77,786	10,034	0
Deferred Tax Liabilities Margin	36.50%	45.69%	103.42%	45.97%	29.72%	33.82%	46.74%	72.22%	75.14%	40.00%	87.53%	124.61%	478.45%	0.00%	3.73%	0.52%	0.00%
Other Non-Current Liabilities	138,554,493	195,157,536	104,753,830	262,409,494	142,639,122	10,614,863	283,975,983	276,148,218	578,321	504,899	4,593,415	30,982,014	35,091,972	0	19,424,867	0	0
Other Non-Current Liabilities Margin	23.09%	55.57%	50.72%	45.96%	21.46%	1.85%	68.39%	140.20%	0.37%	0.21%	4.76%	48.45%	175.51%	0.00%	931.99%	0.00%	0.00%
Total Non-Current Liabilities	553,178,888	513,848,811	337,463,415	673,154,923	471,077,999	515,303,741	515,303,741	394,403,650	196,436,400	185,839,403	181,701,594	110,660,150	130,752,549	0	19,502,653	10,034	20,441
Total Non-Current Liabilities Margin	92.86%	120.58%	181.92%	117.90%	70.88%	89.79%	124.11%	200.24%	124.15%	76.83%	188.27%	173.06%	653.96%	0.00%	935.72%	0.52%	0.00%
Total Liabilities	957,568,092	908,325,589	566,761,619	1,156,411,674	857,556,478	858,736,125	858,736,125	810,187,541	294,873,765	282,821,544	239,398,631	141,269,805	167,624,503	4,534,298	31,563,431	335,088	1,012,984
Total Liabilities Margin	160.40%	219.87%	271.00%	202.54%	129.02%	149.64%	206.82%	411.34%	186.36%	116.93%	248.05%	220.93%	838.37%	0.00%	1,514.38%	17.20%	0.00%
Preferred Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Margin	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%
Common Stock	39,493,367	79,106,527	112,567,435	37,219,570	40,630,266	40,630,266	40,630,266	236,422,266	187,217,534	187,217,534	187,217,605	165,276,490	3,212,553	0	1,077,822	1,023,130	0
Common Stock Margin	6.57%	29.91%	81.38%	6.52%	6.11%	7.08%	9.79%	120.03%	118.32%	77.40%	193.98%	258.47%	16.07%	0.00%	51.71%	52.51%	0.00%
Retained Earnings	600,450,419	520,791,399	279,610,780	619,609,482	639,687,951	542,053,823	542,053,823	260,551,917	87,644,331	99,698,755	43,406,106	-6,316,128	-32,282,260	452,524	-2,517,335	-1,490,226	-294,856
Retained Earnings Margin	99.74%	112.41%	53.23%	108.52%	96.24%	94.46%	130.55%	132.29%	55.39%	41.22%	44.97%	-9.88%	-161.46%	0.00%	-120.78%	-76.48%	0.00%
Accumulated OCI	27,162,387	27,729,776	23,121,099	5,879,634	0	75,607,528	41,947,457	15,214,262	24,040,810	15,957,293	13,085,838	22,725,248	16,752,920	0	0	0	0
Accumulated OCI Margin	4.73%	6.41%	18.67%	1.03%	0.00%	13.17%	10.10%	7.72%	15.19%	6.60%	13.56%	35.54%	83.79%	0.00%	0.00%	0.00%	0.00%
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest Margin	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%
Total Shareholders’ Equity	693,294,985	655,419,643	444,726,112	662,803,889	758,789,449	658,291,618	658,291,618	538,921,641	298,902,675	302,873,582	243,709,548	181,685,609	142,991,490	90,586,840	59,051,189	56,815,095	-294,856
Total Shareholders’ Equity Margin	114.99%	155.42%	234.31%	116.09%	114.16%	114.71%	158.55%	273.62%	188.91%	125.22%	252.52%	284.13%	715.17%	0.00%	2,833.22%	2,915.97%	0.00%
Total Equity	693,294,985	655,419,643	444,726,112	662,803,889	758,789,449	658,291,618	658,291,618	538,921,641	298,902,675	302,873,582	243,709,548	181,685,609	142,991,490	90,586,840	59,051,189	56,815,095	-294,856
Total Equity Margin	114.99%	155.42%	234.31%	116.09%	114.16%	114.71%	158.55%	273.62%	188.91%	125.22%	252.52%	284.13%	715.17%	0.00%	2,833.22%	2,915.97%	0.00%
Total Liabilities & Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Liabilities & Equity Margin	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%
Total Investments	75,142,114	32,169,360	19,143,970	107,768,567	19,097,062	98,560,714	-32,190,163	-32,389,381	26,510,482	1,406,031	1,200,586	1,000,978	474,829	54,555,972	47,707,461	3,000,023	0
Total Investments Margin	12.97%	2.95%	3.72%	18.88%	2.87%	17.17%	-7.75%	-16.44%	16.75%	0.58%	1.24%	1.57%	2.37%	0.00%	2,288.96%	153.97%	0.00%
Net Debt	67,019,112	36,090,780	7,893,759	190,802,730	34,034,768	-23,780,162	-23,780,162	3,176,725	-744,499	-49,407,377	-31,303,987	-13,255,193	-6,805,251	-15,273,000	-30,712,139	-53,481,564	-615,862
Net Debt Margin	11.47%	6.06%	-7.78%	33.42%	5.12%	-4.14%	-5.73%	1.61%	-0.47%	-20.43%	-32.44%	-20.73%	-34.04%	0.00%	-1,473.54%	-2,744.88%	0.00%

Capital Metrics

Metric	3Y Avg	5Y Avg	10Y Avg	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2013-12-31	2013-03-31	2012-03-31	2011-03-31
Revenue	603,157,325	484,328,125	300,219,295	570,949,541	664,648,739	573,873,694	415,206,550	196,962,102	158,225,389	241,877,276	96,511,801	63,943,850	19,994,012	0	2,084,244	1,948,410	0
Working Capital	86,068,042	77,701,817	40,448,414	-95,133,130	185,032,006	168,305,251	168,305,251	-38,000,290	-11,938,662	19,779,397	40,809,852	-10,152,458	-22,523,074	13,291,829	19,096,334	53,663,638	-275,898
Working Capital Margin	13.50%	12.35%	-2.39%	-16.66%	27.84%	29.33%	40.54%	-19.29%	-7.55%	8.18%	42.28%	-15.88%	-112.65%	0.00%	916.22%	2,754.23%	0.00%
Total Capital	916,716,663	858,991,193	548,655,449	938,657,196	942,114,393	869,378,399	869,378,399	675,427,578	317,078,291	304,056,165	245,679,580	181,739,302	143,045,183	90,586,840	59,051,189	56,815,095	-294,856
Total Capital Margin	152.55%	201.99%	259.03%	164.40%	141.75%	151.49%	209.38%	342.92%	200.40%	125.71%	254.56%	284.22%	715.44%	0.00%	2,833.22%	2,915.97%	0.00%
Capital Employed	1,246,473,873	1,169,268,453	782,189,527	1,335,958,812	1,229,867,448	1,173,595,359	1,173,595,359	933,325,290	495,339,076	488,712,985	425,411,142	292,345,759	273,744,039	90,586,840	78,553,842	56,825,129	-274,414
Capital Employed Margin	207.84%	276.01%	416.23%	233.99%	185.04%	204.50%	282.65%	473.86%	313.06%	202.05%	440.79%	457.19%	1,369.13%	0.00%	3,768.94%	2,916.49%	0.00%
Invested Capital	760,314,097	691,510,423	452,619,871	853,606,619	792,824,217	634,511,456	634,511,456	542,098,366	298,158,176	253,466,205	212,405,561	168,430,416	136,186,238	75,313,840	28,339,050	3,333,531	-910,718
Invested Capital Margin	126.45%	161.48%	226.53%	149.51%	119.28%	110.57%	152.82%	275.23%	188.44%	104.79%	220.08%	263.40%	681.14%	0.00%	1,359.68%	171.09%	0.00%

Cash Flow Margins

Metric	3Y Avg	5Y Avg	10Y Avg	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2013-03-31	2012-03-31
Revenue	603,157,325	484,328,125	300,219,295	570,949,541	664,648,739	573,873,694	415,206,550	196,962,102	158,225,389	241,877,276	96,511,801	63,943,850	19,994,012	2,084,244	1,948,410
Net Income	125,936,678	146,708,757	89,676,314	89,210,177	114,323,928	174,275,928	174,275,928	181,457,823	6,189,230	95,807,634	59,830,924	15,175,509	-13,783,935	-961,854	-1,066,654
Net Income Margin	21.06%	39.46%	25.76%	15.62%	17.20%	30.37%	41.97%	92.13%	3.91%	39.61%	61.99%	23.73%	-68.94%	-46.15%	-54.74%
Depreciation & Amortization	120,453,196	109,500,886	65,334,998	127,254,521	116,542,985	117,562,083	117,562,083	68,582,756	35,491,705	28,261,596	16,797,242	17,732,298	7,562,711	56,249	28,265
Depreciation & Amortization Margin	20.10%	24.69%	24.05%	22.29%	17.53%	20.49%	28.31%	34.82%	22.43%	11.68%	17.40%	27.73%	37.82%	2.70%	1.45%
Deferred Income Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Income Tax Margin	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%
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock-Based Compensation Margin	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%
Change in Working Capital	-17,941,726	-12,066,171	-5,826,574	63,120,893	-44,310,177	-72,635,895	-72,635,895	66,130,216	-21,032,221	10,734,786	473,549	-12,172,964	24,061,963	8,456,885	-334,324
Change in Working Capital Margin	-2.76%	1.56%	10.08%	11.06%	-6.67%	-12.66%	-17.49%	33.58%	-13.29%	4.44%	0.49%	-19.04%	120.35%	405.75%	-17.16%
Accounts Receivable	22,245,969	6,104,844	3,126,320	94,999,013	-32,398,926	4,137,819	-12,022,118	-24,191,570	13,347,875	11,559,070	-25,205,662	-1,160,518	2,198,220	0	0
Accounts Receivable Margin	4.16%	-0.54%	-0.64%	16.64%	-4.87%	0.72%	-2.90%	-12.28%	8.44%	4.78%	-26.12%	-1.81%	10.99%	0.00%	0.00%
Inventory	-860,587	-1,957,088	342,653	1,036,719	1,542,351	-5,160,832	-5,160,832	-2,042,845	-11,045,606	9,282,499	10,414,578	476,359	4,084,138	0	0
Inventory Margin	-0.16%	-0.55%	2.61%	0.18%	0.23%	-0.90%	-1.24%	-1.04%	-6.98%	3.84%	10.79%	0.74%	20.43%	0.00%	0.00%
Accounts Payable	1,531,583	1,084,883	345,180	662,511	-2,992,436	6,924,674	-381,794	1,211,463	-1,020,811	1,367,852	728,084	-1,401,982	-1,645,757	0	0
Accounts Payable Margin	0.29%	0.28%	-0.84%	0.12%	-0.45%	1.21%	-0.09%	0.62%	-0.65%	0.57%	0.75%	-2.19%	-8.23%	0.00%	0.00%
Other Working Capital	-40,858,690	-17,298,811	-12,289,489	-33,577,349	-10,461,167	-78,537,555	-55,071,150	91,153,168	-22,313,680	-11,474,635	-9,941,029	-12,649,323	19,977,825	0	0
Other Working Capital Margin	-7.05%	2.38%	6.29%	-5.88%	-1.57%	-13.69%	-13.26%	46.28%	-14.10%	-4.74%	-10.30%	-19.78%	99.92%	0.00%	0.00%
Other Non-Cash Items	-7,070,457	-30,739,540	-21,235,697	-32,807,886	52,957,820	-41,361,305	-41,361,305	-91,125,023	9,278,338	-13,388,991	-52,112,471	109,531	-2,545,676	-1,526,830	-44,441
Other Non-Cash Items Margin	-1.66%	-12.24%	-12.74%	-5.75%	7.97%	-7.21%	-9.96%	-46.27%	5.86%	-5.54%	-54.00%	0.17%	-12.73%	-73.26%	-2.28%
Net Cash from Operating Activities	221,377,691	213,403,931	127,949,041	246,777,705	239,514,556	177,840,810	177,840,810	225,045,772	29,927,052	121,415,025	24,989,244	20,844,375	15,295,063	6,024,450	-1,417,155
Net Cash from Operating Activities Margin	36.75%	53.47%	47.14%	43.22%	36.04%	30.99%	42.83%	114.26%	18.91%	50.20%	25.89%	32.60%	76.50%	289.05%	-72.73%
Capital Expenditures (PPE)	-148,417,597	-122,620,956	-79,983,076	-176,763,954	-142,149,887	-126,338,949	-126,338,949	-41,513,044	-65,895,756	-80,761,753	-14,135,602	-385,689	-25,547,179	-11,545,944	-188,250
Capital Expenditures (PPE) Margin	-24.79%	-25.17%	-34.39%	-30.96%	-21.39%	-22.02%	-30.43%	-21.08%	-41.65%	-33.39%	-14.65%	-0.60%	-127.77%	-553.96%	-9.66%
Acquisitions (Net)	-42,006,358	-74,474,578	-40,405,776	-126,019,073	0	0	-123,176,908	-123,176,908	0	0	-7,461,306	-17,476,352	-6,747,218	-40,183,072	-3,000,023
Acquisitions (Net) Margin	-7.36%	-22.86%	-18.31%	-22.07%	0.00%	0.00%	-29.67%	-62.54%	0.00%	0.00%	-7.73%	-27.33%	-33.75%	-1,927.94%	-153.97%
Purchases of Investments	-18,871,983	-30,716,975	-15,613,892	-12,482	-56,603,467	0	-48,484,462	-48,484,462	0	0	0	-2,554,045	0	0	0
Purchases of Investments Margin	-2.84%	-8.96%	-4.88%	0.00%	-8.52%	0.00%	-11.68%	-24.62%	0.00%	0.00%	0.00%	-3.99%	0.00%	0.00%	0.00%
Sales / Maturities of Investments	0	13,368,678	6,663,082	0	0	0	33,421,694	33,421,694	0	0	0	-212,567	0	0	0
Sales / Maturities of Investments Margin	0.00%	5.00%	2.47%	0.00%	0.00%	0.00%	8.05%	16.97%	0.00%	0.00%	0.00%	-0.33%	0.00%	0.00%	0.00%
Other Investing Activities	-11,778,276	31,269,549	14,696,724	-14,911,029	-24,921,385	4,497,587	142,737,263	48,945,308	-4,942,524	-4,838,755	155,713	216,562	28,501	498,509	160,498
Other Investing Activities Margin	-1.86%	10.73%	4.92%	-2.61%	-3.75%	0.78%	34.38%	24.85%	-3.12%	-2.00%	0.16%	0.34%	0.14%	23.92%	8.24%
Net Cash from Investing Activities	-221,074,213	-183,174,282	-114,642,938	-317,706,539	-223,674,739	-121,841,362	-121,841,362	-130,807,412	-70,838,280	-85,600,507	-21,441,194	-20,412,092	-32,265,896	-51,230,507	-3,027,775
Net Cash from Investing Activities Margin	-36.84%	-41.26%	-50.20%	-55.65%	-33.65%	-21.23%	-29.34%	-66.41%	-44.77%	-35.39%	-22.22%	-31.92%	-161.38%	-2,457.99%	-155.40%
Net Debt Issuance	56,661,144	35,729,152	19,001,026	107,952,122	-22,740,996	84,772,307	20,742,204	-12,079,877	11,364,502	0	0	0	0	0	0
Net Debt Issuance Margin	10.09%	5.82%	3.63%	18.91%	-3.42%	14.77%	5.00%	-6.13%	7.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt Issuance	56,661,144	35,729,152	19,001,026	107,952,122	-22,740,996	84,772,307	20,742,204	-12,079,877	11,364,502	0	0	0	0	0	0
Long-Term Debt Issuance Margin	10.09%	5.82%	3.63%	18.91%	-3.42%	14.77%	5.00%	-6.13%	7.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt Issuance	-7,354,926	-264,515	-132,257	0	0	-22,064,779	20,742,204	0	0	0	0	0	0	0	0
Short-Term Debt Issuance Margin	-1.28%	0.23%	0.12%	0.00%	0.00%	-3.84%	5.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Stock Issuance	-11,001,145	2,995,764	6,637,787	-28,989,208	-4,014,225	0	0	47,982,256	0	0	21,941,186	6,801,745	22,656,116	22,186,513	59,021,676
Net Stock Issuance Margin	-1.89%	3.74%	16.54%	-5.08%	-0.60%	0.00%	0.00%	24.36%	0.00%	0.00%	22.73%	10.64%	113.31%	1,064.49%	3,029.22%
Common Stock Issuance	0	392	5,140,101	0	0	0	979	979	0	0	21,941,186	6,801,745	22,656,116	2,734,578	59,021,676
Common Stock Issuance Margin	0.00%	0.00%	14.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	22.73%	10.64%	113.31%	131.20%	3,029.22%
Common Stock Repurchased	-11,001,145	-6,600,883	-3,300,441	-28,989,208	-4,014,225	0	-979	0	0	0	0	0	0	0	0
Common Stock Repurchased Margin	-1.89%	-1.14%	-0.57%	-5.08%	-0.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Stock Issuance	-17,866	9,585,536	4,792,768	0	-53,598	0	0	47,981,277	0	0	0	0	0	19,451,935	0
Preferred Stock Issuance Margin	0.00%	4.87%	2.44%	0.00%	-0.01%	0.00%	0.00%	24.36%	0.00%	0.00%	0.00%	0.00%	0.00%	933.29%	0.00%
Net Dividends Paid	-17,139,550	-11,752,072	-5,876,036	-21,414,750	-16,459,744	-13,544,156	-4,913,156	-2,428,555	0	0	0	0	0	0	0
Net Dividends Paid Margin	-2.86%	-2.20%	-1.10%	-3.75%	-2.48%	-2.36%	-1.18%	-1.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Dividends Paid	-17,139,550	-11,752,072	-5,876,036	-21,414,750	-16,459,744	-13,544,156	-4,913,156	-2,428,555	0	0	0	0	0	0	0
Common Dividends Paid Margin	-2.86%	-2.20%	-1.10%	-3.75%	-2.48%	-2.36%	-1.18%	-1.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Dividends Paid Margin	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%
Other Financing Activities	-45,689,287	-25,828,636	-13,273,787	-42,806,984	-51,040,038	-43,220,839	12,178,262	-4,253,581	-1,880,093	-1,606,963	-4,242,038	3,485,844	648,561	-156,735	-1,386,506
Other Financing Activities Margin	-7.57%	-4.39%	-1.95%	-7.50%	-7.68%	-7.53%	2.93%	-2.16%	-1.19%	-0.66%	-4.40%	5.45%	3.24%	-7.52%	-71.16%
Net Cash from Financing Activities	-17,168,837	-4,939,930	3,446,921	14,741,180	-94,255,003	28,007,311	28,007,311	-1,200,450	9,484,409	-1,606,963	17,699,148	10,287,589	23,304,677	22,029,778	57,635,170
Net Cash from Financing Activities Margin	-2.24%	-0.12%	15.57%	2.58%	-14.18%	4.88%	6.75%	-0.61%	5.99%	-0.66%	18.34%	16.09%	116.56%	1,056.97%	2,958.06%
Effect of FX on Cash	-1,458,569	512,143	-469,682	-14,745,096	1,166,676	9,202,713	9,202,713	-2,266,292	-243,027	-536,225	-1,311,717	-4,416,596	-749,967	529,224	-324,539
Effect of FX on Cash Margin	-0.27%	0.05%	-1.21%	-2.58%	0.18%	1.60%	2.22%	-1.15%	-0.15%	-0.22%	-1.36%	-6.91%	-3.75%	25.39%	-16.66%
Net Change in Cash	-18,323,929	25,801,861	14,308,127	-70,932,749	-77,248,510	93,209,474	93,209,474	90,771,619	-31,669,845	17,315,844	16,538,810	6,303,277	5,583,878	-22,769,425	52,865,701
Net Change in Cash Margin	-2.60%	12.15%	10.28%	-12.42%	-11.62%	16.24%	22.45%	46.09%	-20.02%	7.16%	17.14%	9.86%	27.93%	-1,092.45%	2,713.27%
Cash at Beginning of Period	169,719,358	137,008,976	79,073,414	149,290,176	226,538,686	133,329,212	133,329,212	42,557,594	50,589,961	33,274,116	13,338,539	7,035,262	1,451,384	53,481,564	615,862
Cash at Beginning of Period Margin	27.82%	27.44%	21.50%	26.15%	34.08%	23.23%	32.11%	21.61%	31.97%	13.76%	13.82%	11.00%	7.26%	2,565.99%	31.61%
Cash at End of Period	151,395,430	162,810,838	93,381,541	78,357,427	149,290,176	226,538,686	226,538,686	133,329,212	18,920,115	50,589,961	29,877,349	13,338,539	7,035,262	30,712,139	53,481,564
Cash at End of Period Margin	25.22%	39.58%	31.78%	13.72%	22.46%	39.48%	54.56%	67.69%	11.96%	20.92%	30.96%	20.86%	35.19%	1,473.54%	2,744.88%
Operating Cash Flow	221,377,691	213,403,931	127,949,041	246,777,705	239,514,556	177,840,810	177,840,810	225,045,772	29,927,052	121,415,025	24,989,244	20,844,375	15,295,063	6,024,450	-1,417,155
Operating Cash Flow Margin	36.75%	53.47%	47.14%	43.22%	36.04%	30.99%	42.83%	114.26%	18.91%	50.20%	25.89%	32.60%	76.50%	289.05%	-72.73%
Capital Expenditure	-169,037,268	-134,992,759	-86,168,977	-198,881,598	-181,891,257	-126,338,949	-126,338,949	-41,513,044	-65,895,756	-80,761,753	-14,135,602	-385,689	-25,547,179	-11,545,944	-188,250
Capital Expenditure Margin	-28.07%	-27.14%	-35.38%	-34.83%	-27.37%	-22.02%	-30.43%	-21.08%	-41.65%	-33.39%	-14.65%	-0.60%	-127.77%	-553.96%	-9.66%
Free Cash Flow	52,340,423	78,411,172	41,780,064	47,896,107	57,623,299	51,501,862	51,501,862	183,532,729	-35,968,704	40,653,272	10,853,642	20,458,686	-10,252,115	-5,521,494	-1,605,405
Free Cash Flow Margin	8.68%	26.32%	11.77%	8.39%	8.67%	8.97%	12.40%	93.18%	-22.73%	16.81%	11.25%	31.99%	-51.28%	-264.92%	-82.40%

Free Cash Flow Margins

Metric	3Y Avg	5Y Avg	10Y Avg	2025-06-30	2024-06-30	2023-06-30	2022-06-30	2021-06-30	2020-06-30	2019-06-30	2018-06-30	2017-06-30	2016-06-30	2013-03-31	2012-03-31
Revenue	603,157,325	484,328,125	300,219,295	570,949,541	664,648,739	573,873,694	415,206,550	196,962,102	158,225,389	241,877,276	96,511,801	63,943,850	19,994,012	2,084,244	1,948,410
EBITDA	294,375,638	248,260,487	154,021,084	249,289,227	323,092,287	310,745,399	264,971,432	93,204,089	52,294,575	134,451,345	80,677,837	36,392,087	-4,907,441	-1,614,570	-1,038,389
EBITDA Margin	48.81%	51.51%	46.22%	43.66%	48.61%	54.15%	63.82%	47.32%	33.05%	55.59%	83.59%	56.91%	-24.54%	-77.47%	-53.29%
(-) Tax Adjustment	141,168,914	98,136,197	63,797,932	168,932,759	118,609,615	135,964,367	31,624,416	35,549,828	104,589,150	55,453,233	13,449,814	-25,876,779	-317,082	-109,536	-125,305
(-) Tax Adjustment Margin	23.71%	19.36%	15.77%	29.59%	17.85%	23.69%	7.62%	18.05%	66.10%	22.93%	13.94%	-40.47%	-1.59%	-5.26%	-6.43%
(-) Change In Working Capital	-17,941,726	-12,066,171	-5,826,574	63,120,893	-44,310,177	-72,635,895	-72,635,895	66,130,216	-21,032,221	10,734,786	473,549	-12,172,964	24,061,963	8,456,885	-334,324
(-) Change In Working Capital Margin	-2.76%	1.56%	10.08%	11.06%	-6.67%	-12.66%	-17.49%	33.58%	-13.29%	4.44%	0.49%	-19.04%	120.35%	405.75%	-17.16%
(-) Capital Expenditure	-169,037,268	-134,992,759	-86,168,977	-198,881,598	-181,891,257	-126,338,949	-126,338,949	-41,513,044	-65,895,756	-80,761,753	-14,135,602	-385,689	-25,547,179	-11,545,944	-188,250
(-) Capital Expenditure Margin	-28.07%	-27.14%	-35.38%	-34.83%	-27.37%	-22.02%	-30.43%	-21.08%	-41.65%	-33.39%	-14.65%	-0.60%	-127.77%	-553.96%	-9.66%
Unlevered Free Cash Flow	2,111,182	27,197,702	9,880,749	-181,646,023	66,901,592	121,077,978	179,643,963	-49,988,999	-97,158,109	-12,498,426	52,618,873	74,056,140	-54,199,502	-21,507,863	-767,009
Unlevered Free Cash Flow Margin	-0.22%	3.45%	-15.01%	-31.81%	10.07%	21.10%	43.27%	-25.38%	-61.40%	-5.17%	54.52%	115.81%	-271.08%	-1,031.93%	-39.37%
(-) Net Interest Income After Taxes	-8,716,289	-9,088,961	-5,645,997	-8,558,467	-9,029,861	-8,560,540	-12,971,255	-6,324,681	10,316,525	-6,051,071	-4,176,551	-9,227,742	-1,876,328	221,199	1,315,424
(-) Net Interest Income After Taxes Margin	-1.45%	-2.14%	-3.48%	-1.50%	-1.36%	-1.49%	-3.12%	-3.21%	6.52%	-2.50%	-4.33%	-14.43%	-9.38%	10.61%	67.51%
Net Debt Issuance	56,661,144	35,729,152	19,001,026	107,952,122	-22,740,996	84,772,307	20,742,204	-12,079,877	11,364,502	0	0	0	0	0	0
Net Debt Issuance Margin	10.09%	5.82%	3.63%	18.91%	-3.42%	14.77%	5.00%	-6.13%	7.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Levered Free Cash Flow	67,488,616	72,015,815	34,527,772	-65,135,434	53,190,457	214,410,825	213,357,422	-55,744,194	-96,110,132	-6,447,355	56,795,424	83,283,882	-52,323,173	-21,729,061	-2,082,434
Levered Free Cash Flow Margin	11.32%	11.41%	-7.90%	-11.41%	8.00%	37.36%	51.39%	-28.30%	-60.74%	-2.67%	58.85%	130.25%	-261.69%	-1,042.54%	-106.88%