Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Total Revenue | 913.9M | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Revenue | 913.9M | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost Of Revenue | 243.3M | 0.00 | 679,377 | 412,254 | 340,641 |
| Gross Profit | 670.7M | 0.00 | -679,377 | -412,254 | -340,641 |
| Selling General And Administration | 19.9M | 16.7M | 12.8M | 12.3M | 9.8M |
| General And Administrative Expense | 19.9M | 16.7M | 12.8M | 12.3M | 9.8M |
| Depreciation And Amortization In Income Statement | 631,000 | 681,000 | -- | -- | -- |
| Other Operating Expenses | 1.0M | 414,000 | 832,740 | 481,294 | 676,597 |
| Operating Expense | 21.5M | 17.7M | 13.6M | 12.8M | 10.5M |
| Operating Income | 649.1M | -17.7M | -14.3M | -13.2M | -10.8M |
| EBIT | 581.5M | -31.4M | -11.3M | -21.6M | -13.6M |
| Interest Expense | 47.9M | 68,000 | 110,176 | 72,545 | 81,921 |
| Interest Expense Non Operating | 47.9M | 68,000 | 110,176 | 72,545 | 81,921 |
| Interest Income | 1.4M | 0.00 | 3.5M | 3.0M | 722,305 |
| Interest Income Non Operating | 1.4M | 0.00 | 3.5M | 3.0M | 722,305 |
| Net Interest Income | -62.8M | -68,000 | 3.4M | 3.0M | 640,384 |
| Other Income Expense | -52.8M | -13.6M | -590,749 | -11.4M | -3.6M |
| Special Income Charges | -- | -- | 0.00 | -9.9M | 0.00 |
| Write Off | -- | -- | 0.00 | 9.9M | 0.00 |
| Gain On Sale Of Security | -52.3M | -13.2M | -- | -644,119 | -2.9M |
| Earnings From Equity Interest | -522,000 | -470,000 | -590,749 | -893,189 | -701,729 |
| Pretax Income | 533.5M | -31.4M | -11.4M | -21.6M | -13.7M |
| Tax Provision | 184.4M | 0.00 | -- | -- | 0.00 |
| Tax Effect Of Unusual Items | -18.1M | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | 349.2M | -31.4M | -11.4M | -21.6M | -13.7M |
| Net Income From Continuing Operation Net Minority Interest | 349.2M | -31.4M | -11.4M | -21.6M | -13.7M |
| Net Income Including Noncontrolling Interests | 349.2M | -31.4M | -11.4M | -21.6M | -13.7M |
| Net Income Common Stockholders | 349.2M | -31.4M | -11.4M | -21.6M | -13.7M |
| Net Income | 349.2M | -31.4M | -11.4M | -21.6M | -13.7M |
| EBITDA | 614.6M | -30.7M | -10.7M | -21.1M | -13.3M |
| Normalized EBITDA | 666.8M | -17.5M | -10.7M | -10.6M | -10.4M |
| Reconciled Depreciation | 33.1M | 681,000 | 679,377 | 412,254 | 340,641 |
| Basic EPS | 1.52 | -0.15 | -0.06 | -0.13 | -0.10 |
| Diluted EPS | 1.48 | -0.15 | -0.06 | -0.13 | -0.10 |
| Basic Average Shares | 229.3M | 211.5M | 196.6M | 162.5M | 142.2M |
| Diluted Average Shares | 236.3M | 211.5M | 196.6M | 162.5M | 142.2M |
| Total Unusual Items | -52.3M | -13.2M | 0.00 | -10.5M | -2.9M |
| Total Unusual Items Excluding Goodwill | -52.3M | -13.2M | 0.00 | -10.5M | -2.9M |
| Tax Rate For Calcs | 0.35 | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | 383.4M | -18.3M | -11.4M | -11.1M | -10.9M |
| Depreciation Amortization Depletion Income Statement | 631,000 | 681,000 | -- | -- | -- |
| Depreciation Income Statement | 631,000 | 681,000 | -- | -- | -- |
| Diluted NI Availto Com Stockholders | 349.2M | -31.4M | -11.4M | -21.6M | -13.7M |
| Insurance And Claims | 1.6M | 1.6M | 2.1M | 1.4M | 864,495 |
| Net Income Continuous Operations | 349.2M | -31.4M | -11.4M | -21.6M | -13.7M |
| Net Non Operating Interest Income Expense | -62.8M | -68,000 | 3.4M | 3.0M | 640,384 |
| Other Gand A | 2.3M | 1.4M | 1.2M | 736,601 | 1.1M |
| Reconciled Cost Of Revenue | 210.8M | 0.00 | 679,377 | 412,254 | 340,641 |
| Salaries And Wages | 16.0M | 13.6M | 9.5M | 10.1M | 7.8M |
| Total Expenses | 264.8M | 17.7M | 14.3M | 13.2M | 10.8M |
| Total Operating Income As Reported | -- | -17.3M | -14.0M | -13.1M | -10.7M |
| Total Other Finance Cost | 16.3M | -- | -- | -- | -- |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 168.1M | 28.3M | 156.6M | 194.1M | 131.4M |
| Cash Cash Equivalents And Short Term Investments | 168.1M | 28.3M | 156.6M | 194.1M | 132.5M |
| Other Short Term Investments | -- | -- | -- | 0.00 | 1.1M |
| Accounts Receivable | 13.3M | 3.8M | 10.2M | 3.0M | 651,139 |
| Receivables | 13.3M | 3.8M | 10.2M | 3.0M | 651,139 |
| Inventory | 31.3M | 0.00 | -- | -- | -- |
| Current Assets | 225.9M | 52.8M | 166.8M | 197.1M | 133.1M |
| Gross PPE | 2.2B | 1.7B | 908.8M | 438.0M | 314.6M |
| Accumulated Depreciation | -112.2M | -19.6M | -4.7M | -2.3M | -1.3M |
| Net PPE | 2.1B | 1.6B | 904.1M | 435.7M | 313.3M |
| Investments And Advances | 6.6M | 7.1M | 7.6M | 8.2M | 19.6M |
| Long Term Equity Investment | 6.6M | 7.1M | 7.6M | 8.2M | 19.6M |
| Other Non Current Assets | 157.6M | -- | 15.1M | 4.7M | 824,300 |
| Total Non Current Assets | 2.2B | 1.7B | 953.9M | 459.7M | 336.7M |
| Total Assets | 2.5B | 1.7B | 1.1B | 656.8M | 469.8M |
| Current Debt | -- | 151.6M | -- | -- | -- |
| Current Debt And Capital Lease Obligation | 26.5M | 160.5M | 1.4M | 679,992 | 361,871 |
| Accounts Payable | 164.6M | 120.8M | -- | -- | 5.1M |
| Payables | 173.6M | 120.8M | -- | -- | 5.1M |
| Payables And Accrued Expenses | 173.6M | 120.8M | 52.8M | 24.6M | 5.1M |
| Current Deferred Revenue | 13.7M | 10.9M | 2.9M | 0.00 | -- |
| Other Current Liabilities | 65.8M | 13.2M | -- | -- | -- |
| Current Liabilities | 279.7M | 306.6M | 57.0M | 25.3M | 5.4M |
| Long Term Debt | 450.1M | 325.9M | 143.5M | -- | -- |
| Long Term Debt And Capital Lease Obligation | 566.8M | 449.6M | 163.5M | 1.0M | 880,308 |
| Long Term Capital Lease Obligation | 116.6M | 123.7M | 20.0M | 1.0M | 880,308 |
| Other Non Current Liabilities | 4.9M | 2.1M | -- | -- | -- |
| Total Non Current Liabilities Net Minority Interest | 1.2B | 809.0M | 482.4M | 54.0M | 45.0M |
| Total Liabilities Net Minority Interest | 1.5B | 1.1B | 539.4M | 79.3M | 50.5M |
| Common Stock | 684.2M | 631.0M | 599.9M | 589.3M | 417.3M |
| Capital Stock | 684.2M | 631.0M | 599.9M | 589.3M | 417.3M |
| Additional Paid In Capital | 50.9M | 32.1M | 22.3M | 17.5M | 10.1M |
| Retained Earnings | 273.3M | -75.9M | -44.4M | -33.0M | -11.4M |
| Gains Losses Not Affecting Retained Earnings | 3.6M | 3.6M | 3.6M | 3.6M | 3.4M |
| Other Equity Adjustments | 3.6M | 3.6M | 3.6M | 3.6M | 3.4M |
| Common Stock Equity | 1.0B | 590.9M | 581.4M | 577.4M | 419.3M |
| Stockholders Equity | 1.0B | 590.9M | 581.4M | 577.4M | 419.3M |
| Total Equity Gross Minority Interest | 1.0B | 590.9M | 581.4M | 577.4M | 419.3M |
| Total Capitalization | 1.5B | 916.7M | 724.9M | 577.4M | 419.3M |
| Net Tangible Assets | 1.0B | 590.9M | 581.4M | 577.4M | 419.3M |
| Tangible Book Value | 1.0B | 590.9M | 581.4M | 577.4M | 419.3M |
| Working Capital | -53.8M | -253.8M | 109.8M | 171.8M | 127.7M |
| Invested Capital | 1.5B | 1.1B | 724.9M | 577.4M | 419.3M |
| Total Debt | 593.3M | 610.1M | 164.8M | 1.7M | 1.2M |
| Net Debt | 282.0M | 449.2M | -- | -- | -- |
| Share Issued | 231.5M | 225.3M | 198.7M | 193.2M | 154.0M |
| Ordinary Shares Number | 231.5M | 225.3M | 198.7M | 193.2M | 154.0M |
| Capital Lease Obligations | 143.2M | 132.6M | 21.3M | 1.7M | 1.2M |
| Construction In Progress | 178.3M | 778.0M | 388.6M | 46.4M | 0.00 |
| Current Capital Lease Obligation | 26.5M | 8.9M | 1.4M | 679,992 | 361,871 |
| Current Deferred Liabilities | 13.7M | 10.9M | 2.9M | 0.00 | -- |
| Current Provisions | -- | 1.3M | -- | -- | -- |
| Income Tax Payable | 9.0M | 0.00 | -- | -- | -- |
| Investments In Other Ventures Under Equity Method | -- | -- | -- | -- | 19.6M |
| Investmentsin Associatesat Cost | 6.6M | 7.1M | 7.6M | 8.2M | 19.6M |
| Long Term Provisions | 118.7M | 45.0M | 24.2M | 11.3M | 7.3M |
| Machinery Furniture Equipment | -- | -- | 280,672 | 280,672 | 114,141 |
| Non Current Deferred Assets | 13.4M | 2.0M | 12.0M | 11.1M | 3.0M |
| Non Current Deferred Liabilities | 487.7M | 258.6M | 247.4M | 0.00 | -- |
| Non Current Deferred Revenue | 311.0M | 258.6M | 247.4M | 0.00 | -- |
| Non Current Deferred Taxes Assets | 11.5M | 0.00 | -- | -- | -- |
| Non Current Deferred Taxes Liabilities | 176.7M | 0.00 | -- | -- | -- |
| Non Current Prepaid Assets | -- | 1.2M | 15.2M | 0.00 | -- |
| Other Current Borrowings | -- | 151.6M | -- | -- | -- |
| Other Properties | 802.2M | 143.9M | 31.2M | 10.2M | 8.6M |
| Restricted Cash | 13.3M | 20.8M | 0.00 | -- | -- |
| Total Tax Payable | 9.0M | 0.00 | -- | -- | -- |
| Tradeand Other Payables Non Current | 0.00 | 53.6M | 47.3M | 41.7M | 36.8M |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | 560.7M | -8.8M | -8.5M | -6.1M | -5.7M |
| Cash Flow From Continuing Operating Activities | 560.7M | -8.8M | -8.5M | -6.1M | -5.7M |
| Depreciation And Amortization | 33.1M | 681,000 | 679,377 | 412,254 | 340,641 |
| Depreciation Amortization Depletion | 33.1M | 681,000 | 679,377 | 412,254 | 340,641 |
| Stock Based Compensation | 18.1M | 8.0M | 4.5M | 5.1M | 4.6M |
| Deferred Tax | 169.4M | 0.00 | -- | -- | 0.00 |
| Deferred Income Tax | 169.4M | 0.00 | -- | -- | 0.00 |
| Change In Working Capital | -47.4M | -158,000 | 317,957 | 1.6M | 73,519 |
| Changes In Account Receivables | -- | -- | -- | -128,670 | 192,375 |
| Change In Receivables | -9.6M | 500,000 | -384,778 | -128,670 | 192,375 |
| Change In Inventory | -128.3M | 0.00 | -- | -- | -- |
| Change In Payables And Accrued Expense | 90.6M | -658,000 | 702,735 | 1.7M | -118,856 |
| Change In Payable | 90.6M | -658,000 | -- | 1.7M | -118,856 |
| Other Non Cash Items | -3.8M | 482,000 | -3.1M | -2.9M | 232,112 |
| Capital Expenditure | -401.4M | -484.0M | -396.4M | -96.9M | -83.6M |
| Purchase Of PPE | -401.4M | -484.0M | -396.4M | -96.9M | -83.6M |
| Net PPE Purchase And Sale | -401.4M | -484.0M | -396.4M | -96.9M | -83.6M |
| Purchase Of Business | -- | -- | -- | -- | 0.00 |
| Sale Of Investment | 0.00 | 31.8M | 0.00 | 1.4M | 3.3M |
| Net Investment Purchase And Sale | 0.00 | 31.8M | 0.00 | 1.4M | 3.3M |
| Investing Cash Flow | -392.0M | -453.1M | -418.4M | -96.8M | -79.7M |
| Cash Flow From Continuing Investing Activities | -392.0M | -453.1M | -418.4M | -96.8M | -79.7M |
| Issuance Of Debt | 498.0M | 315.0M | 150.0M | 0.00 | -- |
| Repayment Of Debt | -562.9M | -5.6M | -1.3M | -361,871 | -296,529 |
| Net Issuance Payments Of Debt | -64.9M | 309.4M | 148.7M | -361,871 | -296,529 |
| Issuance Of Capital Stock | -- | -- | 0.00 | 175.0M | 171.1M |
| Net Common Stock Issuance | -- | -- | 0.00 | 175.0M | 171.1M |
| Financing Cash Flow | -28.9M | 333.6M | 389.4M | 165.6M | 164.9M |
| Cash Flow From Continuing Financing Activities | -28.9M | 333.6M | 389.4M | 165.6M | 164.9M |
| Changes In Cash | 139.8M | -128.3M | -37.5M | 62.7M | 79.5M |
| Beginning Cash Position | 28.3M | 156.6M | 194.1M | 131.4M | 51.8M |
| End Cash Position | 168.1M | 28.3M | 156.6M | 194.1M | 131.4M |
| Free Cash Flow | 159.3M | -492.8M | -404.9M | -103.0M | -89.4M |
| Asset Impairment Charge | -- | -- | 0.00 | 9.9M | 0.00 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | -- | -- |
| Change In Account Payable | 75.6M | -658,000 | -- | 1.7M | -118,856 |
| Change In Income Tax Payable | 15.0M | 0.00 | -- | -- | -- |
| Change In Tax Payable | 15.0M | 0.00 | -- | -- | -- |
| Common Stock Issuance | -- | -- | 0.00 | 175.0M | 171.1M |
| Depreciation | 33.1M | 681,000 | 679,377 | 412,254 | 340,641 |
| Earnings Losses From Equity Investments | 522,000 | 470,000 | 590,749 | 893,189 | 701,729 |
| Gain Loss On Investment Securities | 41.7M | 13.2M | -- | 644,119 | 2.1M |
| Interest Paid Cff | -29.1M | -5.0M | 0.00 | -- | -- |
| Interest Received Cfi | 1.9M | 4.7M | 3.6M | 2.6M | 949,930 |
| Long Term Debt Issuance | 498.0M | 315.0M | 150.0M | 0.00 | -- |
| Long Term Debt Payments | -562.9M | -5.6M | -1.3M | -361,871 | -296,529 |
| Net Business Purchase And Sale | -- | -- | -- | -- | 0.00 |
| Net Income From Continuing Operations | 349.2M | -31.4M | -11.4M | -21.6M | -13.7M |
| Net Long Term Debt Issuance | -64.9M | 309.4M | 148.7M | -361,871 | -296,529 |
| Net Other Financing Charges | 32.7M | -930,000 | 232.1M | -9.4M | -7.8M |
| Net Other Investing Changes | 7.5M | -5.6M | -25.6M | -3.9M | -283,500 |
| Operating Gains Losses | 42.3M | 13.6M | 590,749 | 1.5M | 2.8M |
| Proceeds From Stock Option Exercised | 32.4M | 30.2M | 8.6M | 378,600 | 1.9M |