Income Statement
Balance Sheet
Cash Flow
| Line Item | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 |
|---|---|---|---|---|---|
| Total Revenue | 333.7M | -- | 231.1M | 41.1M | 0.00 |
| Operating Revenue | 333.7M | -- | 231.1M | 41.1M | 0.00 |
| Cost Of Revenue | 94.4M | -- | 63.2M | 9.2M | 170,431 |
| Gross Profit | 239.3M | -- | 167.9M | 31.8M | -170,431 |
| Selling General And Administration | 3.7M | -- | 4.9M | 4.9M | 3.5M |
| General And Administrative Expense | 3.7M | -- | 4.9M | 4.9M | 3.5M |
| Depreciation And Amortization In Income Statement | 145,000 | -- | 158,000 | 170,431 | -- |
| Other Operating Expenses | 450,000 | -- | -- | -- | 208,131 |
| Operating Expense | 4.3M | -- | 5.1M | 5.1M | 3.7M |
| Operating Income | 234.9M | -- | 162.8M | 26.8M | -3.9M |
| EBIT | 222.9M | -- | 160.7M | 5.8M | -8.8M |
| Interest Expense | 15.2M | -- | 14.0M | 148,485 | 12,468 |
| Interest Expense Non Operating | 15.2M | -- | 14.0M | 148,485 | 12,468 |
| Interest Income | 729,000 | -- | 251,000 | -- | 0.00 |
| Interest Income Non Operating | 729,000 | -- | 251,000 | -- | 0.00 |
| Net Interest Income | -14.9M | -- | -14.3M | -148,485 | -12,468 |
| Other Income Expense | -12.3M | -- | -1.7M | -21.0M | -4.9M |
| Gain On Sale Of Security | -12.0M | -- | -1.7M | -20.9M | -4.7M |
| Earnings From Equity Interest | -287,000 | -- | 6,000 | -114,510 | -173,757 |
| Pretax Income | 207.7M | -- | 146.8M | 5.6M | -8.8M |
| Tax Provision | 74.2M | -- | 46.6M | 965,159 | -- |
| Tax Effect Of Unusual Items | -4.3M | -- | -549,354 | -3.6M | 0.00 |
| Net Income From Continuing And Discontinued Operation | 133.5M | -- | 100.2M | 4.6M | -8.8M |
| Net Income From Continuing Operation Net Minority Interest | 133.5M | -- | 100.2M | 4.6M | -8.8M |
| Net Income Including Noncontrolling Interests | 133.5M | -- | 100.2M | 4.6M | -8.8M |
| Net Income Common Stockholders | 133.5M | -- | 100.2M | 4.6M | -8.8M |
| Net Income | 133.5M | -- | 100.2M | 4.6M | -8.8M |
| EBITDA | 236.5M | -- | 169.3M | 5.9M | -8.6M |
| Normalized EBITDA | 248.5M | -- | 171.1M | 26.8M | -3.9M |
| Reconciled Depreciation | 13.6M | -- | 8.6M | 170,431 | 170,431 |
| Basic EPS | -- | -- | 0.44 | 0.02 | -- |
| Diluted EPS | -- | -- | 0.43 | 0.02 | -- |
| Basic Average Shares | -- | -- | 228.1M | 225.5M | -- |
| Diluted Average Shares | -- | -- | 235.3M | 234.8M | -- |
| Total Unusual Items | -12.0M | -- | -1.7M | -20.9M | -4.7M |
| Total Unusual Items Excluding Goodwill | -12.0M | -- | -1.7M | -20.9M | -4.7M |
| Tax Rate For Calcs | 0.36 | -- | 0.32 | 0.17 | 0.00 |
| Normalized Income | 141.2M | -- | 101.4M | 22.0M | -4.1M |
| Depreciation Amortization Depletion Income Statement | 145,000 | -- | 158,000 | 170,431 | -- |
| Depreciation Income Statement | 145,000 | -- | 158,000 | 170,431 | -- |
| Diluted NI Availto Com Stockholders | 133.5M | -- | 100.2M | 4.6M | -8.8M |
| Insurance And Claims | 369,000 | -- | 516,000 | 337,201 | 435,538 |
| Net Income Continuous Operations | 133.5M | -- | 100.2M | 4.6M | -8.8M |
| Net Non Operating Interest Income Expense | -14.9M | -- | -14.3M | -148,485 | -12,468 |
| Other Gand A | 66,000 | -- | 686,000 | 734,404 | 188,142 |
| Reconciled Cost Of Revenue | 81.0M | -- | 54.7M | 9.2M | 170,431 |
| Salaries And Wages | 3.3M | -- | 3.7M | 3.8M | 2.9M |
| Total Expenses | 98.8M | -- | 68.2M | 14.3M | 3.9M |
| Total Operating Income As Reported | -- | -- | -- | -- | -3.8M |
| Total Other Finance Cost | 458,000 | -- | 630,000 | -- | -- |
| Line Item | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 168.1M | -- | 54.9M | 31.2M | 28.3M |
| Cash Cash Equivalents And Short Term Investments | 168.1M | -- | 54.9M | 31.2M | 28.3M |
| Accounts Receivable | 13.3M | -- | 7.8M | 2.8M | 3.8M |
| Receivables | 13.3M | -- | 7.8M | 2.8M | 3.8M |
| Inventory | 31.3M | -- | 19.7M | 9.2M | 0.00 |
| Current Assets | 225.9M | -- | 99.2M | 58.6M | 52.8M |
| Gross PPE | 2.2B | -- | 1.9B | 1.8B | 1.7B |
| Accumulated Depreciation | -112.2M | -- | -51.1M | -26.3M | -19.6M |
| Net PPE | 2.1B | -- | 1.9B | 1.8B | 1.6B |
| Investments And Advances | 6.6M | -- | 7.0M | 7.0M | 7.1M |
| Long Term Equity Investment | 6.6M | -- | 7.0M | 7.0M | 7.1M |
| Other Non Current Assets | 157.6M | -- | 44.2M | 7.9M | -- |
| Total Non Current Assets | 2.2B | -- | 1.9B | 1.8B | 1.7B |
| Total Assets | 2.5B | -- | 2.0B | 1.9B | 1.7B |
| Current Debt | -- | -- | 222.4M | 216.4M | 151.6M |
| Current Debt And Capital Lease Obligation | 26.5M | 23.2M | 241.5M | 229.5M | 160.5M |
| Accounts Payable | 164.6M | -- | 133.5M | -- | 120.8M |
| Payables | 173.6M | -- | 136.6M | -- | 120.8M |
| Payables And Accrued Expenses | 173.6M | -- | 136.6M | 129.5M | 120.8M |
| Current Deferred Revenue | 13.7M | -- | 21.1M | 20.3M | 10.9M |
| Other Current Liabilities | 65.8M | 53.5M | 35.8M | 34.1M | 13.2M |
| Current Liabilities | 279.7M | -- | 434.9M | 414.7M | 306.6M |
| Long Term Debt | 450.1M | -- | 276.6M | 304.0M | 325.9M |
| Long Term Debt And Capital Lease Obligation | 566.8M | -- | 405.5M | 436.3M | 449.6M |
| Long Term Capital Lease Obligation | 116.6M | -- | 128.9M | 132.3M | 123.7M |
| Other Non Current Liabilities | 4.9M | -- | 6.5M | 5.3M | 2.1M |
| Total Non Current Liabilities Net Minority Interest | 1.2B | -- | 833.8M | 857.4M | 809.0M |
| Total Liabilities Net Minority Interest | 1.5B | -- | 1.3B | 1.3B | 1.1B |
| Common Stock | 684.2M | -- | 671.4M | 634.6M | 631.0M |
| Capital Stock | 684.2M | -- | 671.4M | 634.6M | 631.0M |
| Additional Paid In Capital | 50.9M | -- | 44.3M | 33.8M | 32.1M |
| Retained Earnings | 273.3M | -- | 28.9M | -71.2M | -75.9M |
| Gains Losses Not Affecting Retained Earnings | 3.6M | -- | 3.6M | 3.6M | 3.6M |
| Other Equity Adjustments | 3.6M | -- | 3.6M | 3.6M | 3.6M |
| Common Stock Equity | 1.0B | -- | 748.2M | 600.8M | 590.9M |
| Stockholders Equity | 1.0B | -- | 748.2M | 600.8M | 590.9M |
| Total Equity Gross Minority Interest | 1.0B | -- | 748.2M | 600.8M | 590.9M |
| Total Capitalization | 1.5B | -- | 1.0B | 904.8M | 916.7M |
| Net Tangible Assets | 1.0B | -- | 748.2M | 600.8M | 590.9M |
| Tangible Book Value | 1.0B | -- | 748.2M | 600.8M | 590.9M |
| Working Capital | -53.8M | -- | -335.7M | -356.0M | -253.8M |
| Invested Capital | 1.5B | -- | 1.2B | 1.1B | 1.1B |
| Total Debt | 593.3M | 597.5M | 647.0M | 665.8M | 610.1M |
| Net Debt | 282.0M | -- | 444.1M | 489.2M | 449.2M |
| Share Issued | 231.5M | -- | 230.4M | 225.8M | 225.3M |
| Ordinary Shares Number | 231.5M | -- | 230.4M | 225.8M | 225.3M |
| Capital Lease Obligations | 143.2M | 147.8M | 148.0M | 145.4M | 132.6M |
| Construction In Progress | 178.3M | -- | 38.0M | 808.6M | 778.0M |
| Current Capital Lease Obligation | 26.5M | 23.2M | 19.1M | 13.1M | 8.9M |
| Current Deferred Liabilities | 13.7M | -- | 21.1M | 20.3M | 10.9M |
| Current Provisions | -- | -- | -- | 1.3M | 1.3M |
| Finished Goods | -- | -- | -- | 6.1M | -- |
| Income Tax Payable | 9.0M | -- | 3.1M | -- | 0.00 |
| Investmentsin Associatesat Cost | 6.6M | -- | 7.0M | 7.0M | 7.1M |
| Long Term Provisions | 118.7M | -- | 78.4M | 62.9M | 45.0M |
| Machinery Furniture Equipment | -- | -- | -- | -- | -- |
| Non Current Deferred Assets | 13.4M | -- | 1.9M | 2.0M | 2.0M |
| Non Current Deferred Liabilities | 487.7M | -- | 343.4M | 297.6M | 258.6M |
| Non Current Deferred Revenue | 311.0M | -- | 298.9M | 297.6M | 258.6M |
| Non Current Deferred Taxes Assets | 11.5M | -- | -- | -- | 0.00 |
| Non Current Deferred Taxes Liabilities | 176.7M | -- | 44.5M | -- | 0.00 |
| Non Current Prepaid Assets | -- | -- | -- | 1.2M | 1.2M |
| Other Current Borrowings | -- | -- | 222.4M | 216.4M | 151.6M |
| Other Properties | 802.2M | -- | 775.1M | 157.3M | 143.9M |
| Raw Materials | -- | -- | -- | 3.1M | -- |
| Restricted Cash | 13.3M | -- | 16.8M | 15.4M | 20.8M |
| Total Tax Payable | 9.0M | -- | 3.1M | -- | 0.00 |
| Tradeand Other Payables Non Current | 0.00 | -- | 0.00 | 55.3M | 53.6M |
| Line Item | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | 197.9M | -- | 185.1M | 14.0M | -1.4M |
| Cash Flow From Continuing Operating Activities | 197.9M | -- | 185.1M | 14.0M | -1.4M |
| Depreciation And Amortization | 13.6M | -- | 8.6M | 170,431 | 170,431 |
| Depreciation Amortization Depletion | 13.6M | -- | 8.6M | 170,431 | 170,431 |
| Stock Based Compensation | 3.8M | -- | 5.5M | 2.1M | 1.8M |
| Deferred Tax | 68.7M | -- | 43.5M | 965,159 | -- |
| Deferred Income Tax | 68.7M | -- | 43.5M | 965,159 | -- |
| Change In Working Capital | -20.0M | -- | 35.8M | -15.0M | 412,332 |
| Change In Receivables | -907,000 | -- | -4.7M | 612,740 | 26,465 |
| Change In Inventory | -43.4M | -- | -24.8M | -17.2M | -- |
| Change In Payables And Accrued Expense | 24.3M | -- | 65.3M | 1.6M | 385,867 |
| Change In Payable | 24.3M | -- | 65.3M | -- | -- |
| Other Non Cash Items | -14.0M | -- | 325,000 | 148,485 | 127,894 |
| Capital Expenditure | -94.9M | -- | -146.5M | -90.1M | -111.8M |
| Purchase Of PPE | -94.9M | -- | -146.5M | -90.1M | -111.8M |
| Net PPE Purchase And Sale | -94.9M | -- | -146.5M | -90.1M | -111.8M |
| Investing Cash Flow | -94.1M | -- | -147.6M | -84.4M | -79.5M |
| Cash Flow From Continuing Investing Activities | -94.1M | -- | -147.6M | -84.4M | -79.5M |
| Issuance Of Debt | 0.00 | -- | 0.00 | 40.0M | 105.0M |
| Repayment Of Debt | -7.8M | -- | -30.9M | -3.2M | -2.8M |
| Net Issuance Payments Of Debt | -7.8M | -- | -30.9M | 36.8M | 102.2M |
| Financing Cash Flow | -11.0M | -- | -13.9M | 73.3M | 98.5M |
| Cash Flow From Continuing Financing Activities | -11.0M | -- | -13.9M | 73.3M | 98.5M |
| Changes In Cash | 92.8M | -- | 23.6M | 2.9M | 17.6M |
| Beginning Cash Position | 75.3M | -- | 31.2M | 28.3M | 10.7M |
| End Cash Position | 168.1M | -- | 54.9M | 31.2M | 28.3M |
| Free Cash Flow | 103.0M | -- | 38.7M | -76.1M | -113.2M |
| Cash Dividends Paid | 0.00 | -- | 0.00 | 0.00 | -- |
| Change In Account Payable | 18.7M | -- | 62.2M | -- | -- |
| Change In Income Tax Payable | 5.6M | -- | 3.1M | -- | -- |
| Change In Tax Payable | 5.6M | -- | 3.1M | -- | -- |
| Depreciation | 13.6M | -- | 8.6M | 170,431 | 170,431 |
| Earnings Losses From Equity Investments | 287,000 | -- | -6,000 | 114,510 | 173,757 |
| Gain Loss On Investment Securities | 12.0M | -- | 1.7M | 20.9M | 4.7M |
| Interest Paid Cff | -5.9M | -- | -7.3M | -8.9M | -- |
| Interest Received Cfi | 729,000 | -- | 354,000 | 382,545 | 561,501 |
| Long Term Debt Issuance | 0.00 | -- | 0.00 | 40.0M | 105.0M |
| Long Term Debt Payments | -7.8M | -- | -30.9M | -3.2M | -2.8M |
| Net Income From Continuing Operations | 133.5M | -- | 100.2M | 4.6M | -8.8M |
| Net Long Term Debt Issuance | -7.8M | -- | -30.9M | 36.8M | 102.2M |
| Net Other Financing Charges | -444,000 | -- | -- | 43.0M | 0.00 |
| Net Other Investing Changes | 76,000 | -- | -1.4M | 5.4M | -51,080 |
| Operating Gains Losses | 12.3M | -- | -8.8M | 21.0M | 4.9M |
| Proceeds From Stock Option Exercised | 3.2M | -- | 24.2M | 2.4M | 1.3M |