Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 |
|---|---|---|---|---|
| Total Revenue | 176.1M | 113.9M | 82.2M | 127.9M |
| Revenue Growth % | 54.7% | 38.4% | -35.7% | -- |
| Operating Revenue | 171.8M | 110.5M | 78.9M | 124.5M |
| Cost Of Revenue | 76.3M | 51.2M | 34.0M | 39.4M |
| Gross Profit | 99.8M | 62.7M | 48.3M | 88.5M |
| Gross Margin % | 56.7% | 55.1% | 58.7% | 69.2% |
| Selling General And Administration | 11.6M | 10.6M | 19.5M | 8.4M |
| General And Administrative Expense | 11.6M | 10.6M | 19.5M | 8.4M |
| Depreciation And Amortization In Income Statement | -- | -- | 25.3M | -- |
| Other Operating Expenses | 57.8M | 48.0M | 61.1M | 41.0M |
| Operating Expense | 69.5M | 58.6M | 80.6M | 49.4M |
| Operating Income | 30.3M | 4.1M | -32.3M | 39.1M |
| Operating Margin % | 17.2% | 3.6% | -39.3% | 30.6% |
| EBIT | 55.5M | 8.4M | -30.3M | 39.4M |
| Interest Expense | 6.9M | 973,000 | 90,000 | 19,000 |
| Interest Expense Non Operating | 6.9M | 973,000 | 90,000 | 19,000 |
| Interest Income | 0.00 | 1.1M | 2.0M | 0.00 |
| Interest Income Non Operating | 0.00 | 1.1M | 2.0M | 0.00 |
| Net Interest Income | -6.9M | 100,000 | 1.9M | -19,000 |
| Other Income Expense | 25.2M | 3.2M | -50,000 | 340,000 |
| Special Income Charges | 5.4M | -400,000 | -43,000 | 340,000 |
| Restructuring And Mergern Acquisition | 127,000 | 400,000 | 43,000 | 0.00 |
| Gain On Sale Of Security | 19.8M | 3.6M | -7,000 | -- |
| Pretax Income | 48.7M | 7.4M | -30.4M | 39.4M |
| Tax Provision | 10.9M | 2.8M | 3.4M | 0.00 |
| Tax Effect Of Unusual Items | 5.6M | 1.2M | -20,000 | 0.00 |
| Net Income From Continuing And Discontinued Operation | 37.8M | 4.6M | -33.8M | 39.4M |
| Net Income From Continuing Operation Net Minority Interest | 37.8M | 4.6M | -33.8M | 39.4M |
| Net Income Including Noncontrolling Interests | 37.8M | 4.6M | -33.8M | 39.4M |
| Net Income Common Stockholders | 37.8M | 4.6M | -33.8M | 39.4M |
| Net Margin % | 21.5% | 4.0% | -41.1% | 30.8% |
| Net Income | 37.8M | 4.6M | -33.8M | 39.4M |
| EBITDA | 119.5M | 49.9M | -5.9M | 61.8M |
| Normalized EBITDA | 94.3M | 46.8M | -5.8M | 61.4M |
| Reconciled Depreciation | 63.9M | 41.5M | 24.5M | 22.3M |
| Basic EPS | 0.06 | 0.01 | -0.11 | 0.13 |
| Diluted EPS | 0.06 | 0.01 | -0.11 | 0.13 |
| Basic Average Shares | 595.7M | 484.9M | 307.9M | 311.7M |
| Diluted Average Shares | 628.6M | 521.8M | 339.1M | 311.7M |
| Total Unusual Items | 25.2M | 3.2M | -50,000 | 340,000 |
| Total Unusual Items Excluding Goodwill | 25.2M | 3.2M | -50,000 | 340,000 |
| Tax Rate For Calcs | 0.22 | 0.38 | 0.40 | 0.00 |
| Normalized Income | 18.2M | 2.6M | -33.8M | 39.1M |
| Depreciation Amortization Depletion Income Statement | -- | -- | 25.3M | -- |
| Depreciation Income Statement | -- | -- | 25.3M | -- |
| Diluted NI Availto Com Stockholders | 37.8M | 4.6M | -33.8M | 39.4M |
| Gain On Sale Of Ppe | 5.5M | 0.00 | 0.00 | 340,000 |
| Impairment Of Capital Assets | -- | -- | -882,000 | -- |
| Net Income Continuous Operations | 37.8M | 4.6M | -33.8M | 39.4M |
| Net Non Operating Interest Income Expense | -6.9M | 100,000 | 1.9M | -19,000 |
| Other Gand A | 6.9M | 5.6M | 5.8M | 6.3M |
| Reconciled Cost Of Revenue | 76.3M | 51.2M | 34.0M | 39.4M |
| Salaries And Wages | 4.7M | 5.0M | 13.7M | 2.1M |
| Total Expenses | 145.8M | 109.7M | 114.5M | 88.8M |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 47,000 | 324,000 | 54.0M | 0.00 |
| Cash Cash Equivalents And Short Term Investments | 47,000 | 324,000 | 54.0M | 0.00 |
| Accounts Receivable | 15.0M | 9.3M | 12.0M | 8.8M |
| Receivables | 18.3M | 13.0M | 13.7M | 8.8M |
| Prepaid Assets | 1.5M | 1.5M | 1.5M | 0.00 |
| Current Assets | 30.3M | 17.2M | 69.2M | 8.8M |
| Gross PPE | 643.1M | 447.6M | 223.8M | 157.0M |
| Accumulated Depreciation | -158.5M | -99.5M | -58.4M | -33.9M |
| Net PPE | 484.6M | 348.1M | 165.5M | 123.1M |
| Total Non Current Assets | 485.6M | 348.2M | 165.5M | 123.1M |
| Total Assets | 515.9M | 365.4M | 234.6M | 131.9M |
| Current Debt And Capital Lease Obligation | -- | -- | 135,000 | 140,000 |
| Payables And Accrued Expenses | 30.9M | 41.4M | 25.7M | 7.0M |
| Other Current Liabilities | 3.6M | 2.4M | 1.8M | -- |
| Current Liabilities | 34.5M | 43.8M | 27.5M | 8.5M |
| Long Term Debt | 78.9M | 1.3M | -- | -- |
| Long Term Debt And Capital Lease Obligation | 78.9M | 1.3M | 15,000 | 111,000 |
| Long Term Capital Lease Obligation | -- | -- | 15,000 | 111,000 |
| Other Non Current Liabilities | 68.5M | 39.8M | 29.6M | -- |
| Total Non Current Liabilities Net Minority Interest | 163.5M | 46.3M | 33.0M | 27.6M |
| Total Liabilities Net Minority Interest | 198.0M | 90.1M | 60.5M | 36.1M |
| Common Stock | 254.6M | 254.6M | 162.9M | 0.00 |
| Capital Stock | 254.6M | 254.6M | 162.9M | 0.00 |
| Additional Paid In Capital | 10.3M | 5.5M | 560,000 | 0.00 |
| Retained Earnings | 43.2M | 5.5M | 897,000 | 0.00 |
| Common Stock Equity | 317.9M | 275.4M | 174.1M | 95.8M |
| Stockholders Equity | 317.9M | 275.4M | 174.1M | 95.8M |
| Total Equity Gross Minority Interest | 317.9M | 275.4M | 174.1M | 95.8M |
| Total Capitalization | 396.8M | 276.7M | 174.1M | 95.8M |
| Net Tangible Assets | 317.9M | 275.4M | 174.1M | 95.8M |
| Tangible Book Value | 317.9M | 275.4M | 174.1M | 95.8M |
| Working Capital | -4.2M | -26.6M | 41.6M | 277,000 |
| Invested Capital | 396.8M | 276.7M | 174.1M | 95.8M |
| Total Debt | 78.9M | 1.3M | 150,000 | 251,000 |
| Net Debt | 78.9M | 979,000 | -- | -- |
| Share Issued | 595.7M | 595.7M | 465.5M | 311.7M |
| Ordinary Shares Number | 595.7M | 595.7M | 465.5M | 311.7M |
| Accrued Interest Receivable | -- | -- | 264,000 | 0.00 |
| Capital Lease Obligations | -- | -- | 150,000 | 251,000 |
| Current Capital Lease Obligation | -- | -- | 135,000 | 140,000 |
| Current Provisions | -- | -- | 1.7M | 1.3M |
| Duefrom Related Parties Current | 3.3M | 1.7M | 357,000 | 0.00 |
| Financial Assets | 928,000 | 92,000 | 0.00 | -- |
| Hedging Assets Current | 10.4M | 2.4M | 0.00 | -- |
| Long Term Provisions | -- | -- | 29.6M | 27.5M |
| Non Current Deferred Liabilities | 16.1M | 5.2M | 3.3M | 0.00 |
| Non Current Deferred Taxes Liabilities | 16.1M | 5.2M | 3.3M | 0.00 |
| Other Equity Interest | 9.8M | 9.8M | 9.8M | 95.8M |
| Other Properties | 643.1M | 447.6M | 223.8M | 157.0M |
| Other Receivables | -- | 1.1M | 264,000 | -- |
| Taxes Receivable | 0.00 | 853,000 | 1.1M | 0.00 |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 |
|---|---|---|---|---|
| Operating Cash Flow | 108.0M | 50.4M | 24.0M | 67.1M |
| Cash Flow From Continuing Operating Activities | 108.0M | 50.4M | 24.0M | 67.1M |
| Depreciation And Amortization | 63.9M | 41.5M | -- | -- |
| Depreciation Amortization Depletion | 63.9M | 41.5M | 24.5M | 22.3M |
| Stock Based Compensation | 4.7M | 5.0M | 13.7M | 2.1M |
| Deferred Tax | 10.9M | 2.8M | 3.4M | 0.00 |
| Deferred Income Tax | 10.9M | 2.8M | 3.4M | 0.00 |
| Change In Working Capital | 2.2M | -2.1M | -5.3M | 3.0M |
| Other Non Cash Items | 2.1M | 486,000 | 21.6M | 454,000 |
| Capital Expenditure | -209.1M | -211.8M | -85.8M | -7.6M |
| Purchase Of PPE | -209.1M | -211.8M | -85.8M | -7.6M |
| Net PPE Purchase And Sale | -165.5M | -211.8M | -85.8M | -7.6M |
| Investing Cash Flow | -184.8M | -196.2M | -68.2M | -22.1M |
| Cash Flow From Continuing Investing Activities | -184.8M | -196.2M | -68.2M | -22.1M |
| Issuance Of Debt | 416.9M | 116.1M | 0.00 | -- |
| Repayment Of Debt | -340.4M | -114.9M | -147,000 | -132,000 |
| Net Issuance Payments Of Debt | 76.4M | 1.2M | -147,000 | -132,000 |
| Issuance Of Capital Stock | 0.00 | 90.7M | 48.4M | 0.00 |
| Net Common Stock Issuance | 0.00 | 90.7M | 48.4M | 0.00 |
| Financing Cash Flow | 76.5M | 92.1M | 98.3M | -45.0M |
| Cash Flow From Continuing Financing Activities | 76.5M | 92.1M | 98.3M | -45.0M |
| Effect Of Exchange Rate Changes | 0.00 | 19,000 | -6,000 | 0.00 |
| Changes In Cash | -277,000 | -53.7M | 54.0M | -- |
| Beginning Cash Position | 324,000 | 54.0M | 0.00 | 0.00 |
| End Cash Position | 47,000 | 324,000 | 54.0M | 0.00 |
| Free Cash Flow | -101.1M | -161.4M | -61.8M | 59.5M |
| Income Tax Paid Supplemental Data | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Paid Supplemental Data | 5.2M | 1.7M | 127,000 | 0.00 |
| Asset Impairment Charge | -- | -- | 21.0M | 169,000 |
| Common Stock Issuance | 0.00 | 90.7M | 48.4M | 0.00 |
| Depletion | -- | 41.5M | 24.5M | 22.3M |
| Depreciation | 63.9M | 41.5M | -- | -- |
| Gain Loss On Investment Securities | -8.2M | -1.8M | -- | -- |
| Long Term Debt Issuance | 416.9M | 116.1M | 0.00 | -- |
| Long Term Debt Payments | -340.4M | -114.9M | -147,000 | -132,000 |
| Net Foreign Currency Exchange Gain Loss | 18,000 | -25,000 | 6,000 | 0.00 |
| Net Income From Continuing Operations | 37.8M | 4.6M | -33.8M | 39.4M |
| Net Long Term Debt Issuance | 76.4M | 1.2M | -147,000 | -132,000 |
| Net Other Financing Charges | 112,000 | 185,000 | -3.8M | -44.9M |
| Net Other Investing Changes | -19.3M | 15.6M | 17.6M | -14.6M |
| Operating Gains Losses | -13.7M | -1.9M | 6,000 | -340,000 |
| Proceeds From Stock Option Exercised | -- | 0.00 | 53.8M | 0.00 |
| Sale Of PPE | 43.6M | 0.00 | 0.00 | 88,000 |