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 | 2.4B | 1.6B | 1.3B | 1.3B | 794.8M |
| Operating Revenue | 2.4B | 1.7B | 1.4B | 1.4B | 843.5M |
| Cost Of Revenue | 1.8B | 1.4B | 1.3B | 1.1B | 434.3M |
| Gross Profit | 556.0M | 211.6M | 83.0M | 207.8M | 360.4M |
| Selling General And Administration | 54.2M | 47.5M | 45.1M | 58.0M | 93.5M |
| General And Administrative Expense | 54.2M | 47.5M | 45.1M | 58.0M | 93.5M |
| Depreciation And Amortization In Income Statement | -- | -- | -- | -- | 666,000 |
| Other Operating Expenses | 19.6M | 15.8M | 19.8M | 16.1M | 5.2M |
| Operating Expense | 73.8M | 63.3M | 65.0M | 74.1M | 98.7M |
| Operating Income | 482.2M | 148.2M | 18.0M | 133.7M | 261.7M |
| EBIT | 599.2M | 169.2M | -76.0M | 214.9M | 349.5M |
| Interest Expense | 113.8M | 35.8M | 15.0M | 21.2M | 15.7M |
| Interest Expense Non Operating | 113.8M | 35.8M | 15.0M | 21.2M | 15.7M |
| Interest Income | 7.5M | 5.2M | 6.4M | -- | 237,000 |
| Interest Income Non Operating | 7.5M | 5.2M | 6.4M | -- | 237,000 |
| Net Interest Income | -115.7M | -39.1M | -17.3M | -22.3M | -16.6M |
| Other Income Expense | 118.9M | 24.3M | -91.7M | 82.2M | 88.7M |
| Other Non Operating Income Expenses | -41.2M | 11.7M | -14.0M | -5.4M | 2.7M |
| Special Income Charges | 204.0M | -462,000 | -65.9M | -25.6M | 88.0M |
| Restructuring And Mergern Acquisition | 0.00 | 422,000 | 11.2M | 33.6M | 4.4M |
| Gain On Sale Of Security | -35.0M | 22.7M | -2.0M | 113.2M | -2.1M |
| Pretax Income | 485.4M | 133.4M | -91.0M | 193.7M | 333.8M |
| Tax Provision | 135.7M | 47.5M | 33.7M | 57.6M | 80.9M |
| Tax Effect Of Unusual Items | 47.2M | 7.9M | -27.1M | 26.0M | 20.8M |
| Net Income From Continuing And Discontinued Operation | 315.9M | 82.9M | -101.7M | 122.2M | 226.8M |
| Net Income From Continuing Operation Net Minority Interest | 315.9M | 82.9M | -101.7M | 122.2M | 226.8M |
| Net Income Including Noncontrolling Interests | 349.7M | 85.9M | -124.7M | 136.1M | 252.9M |
| Minority Interests | -33.9M | -3.0M | 23.1M | -13.9M | -26.0M |
| Net Income Common Stockholders | 315.9M | 82.9M | -101.7M | 122.2M | 226.8M |
| Net Income | 315.9M | 82.9M | -101.7M | 122.2M | 226.8M |
| EBITDA | 1.1B | 485.4M | 162.2M | 391.1M | 442.7M |
| Normalized EBITDA | 911.8M | 463.2M | 230.0M | 303.5M | 356.8M |
| Reconciled Depreciation | 481.5M | 316.2M | 238.2M | 176.2M | 93.2M |
| Basic EPS | 0.41 | 0.11 | -0.15 | 0.20 | 0.56 |
| Diluted EPS | 0.41 | 0.11 | -0.15 | 0.19 | 0.55 |
| Basic Average Shares | 762.4M | 750.6M | 693.5M | 625.4M | 405.8M |
| Diluted Average Shares | 764.4M | 752.2M | 693.5M | 630.2M | 414.1M |
| Total Unusual Items | 168.9M | 22.2M | -67.9M | 87.6M | 85.9M |
| Total Unusual Items Excluding Goodwill | 168.9M | 22.2M | -67.9M | 87.6M | 85.9M |
| Tax Rate For Calcs | 0.28 | 0.36 | 0.40 | 0.30 | 0.24 |
| Normalized Income | 194.1M | 68.6M | -60.9M | 60.6M | 161.7M |
| Depreciation Amortization Depletion Income Statement | -- | -- | -- | -- | 666,000 |
| Depreciation Income Statement | -- | -- | -- | -- | 666,000 |
| Diluted NI Availto Com Stockholders | 315.9M | 82.9M | -101.7M | 122.2M | 226.8M |
| Gain On Sale Of Business | 0.00 | 7.3M | -51.9M | 0.00 | -- |
| Gain On Sale Of Ppe | -10.9M | -7.3M | 0.00 | -- | 0.00 |
| Impairment Of Capital Assets | -209.5M | 0.00 | -- | 0.00 | -92.4M |
| Net Income Continuous Operations | 349.7M | 85.9M | -124.7M | 136.1M | 252.9M |
| Net Non Operating Interest Income Expense | -115.7M | -39.1M | -17.3M | -22.3M | -16.6M |
| Other Gand A | 32.7M | 31.5M | 26.1M | 26.2M | 19.5M |
| Other Special Charges | -5.4M | -- | 2.7M | -8.0M | -- |
| Reconciled Cost Of Revenue | 1.8B | 1.4B | 1.3B | 1.1B | 434.3M |
| Salaries And Wages | 21.5M | 16.0M | 19.0M | 31.8M | 74.0M |
| Securities Amortization | 8.9M | 9.6M | 9.8M | -- | -- |
| Total Expenses | 1.9B | 1.5B | 1.3B | 1.2B | 533.0M |
| Total Operating Income As Reported | 705.7M | 162.9M | 32.9M | 140.2M | 356.2M |
| Total Other Finance Cost | 9.5M | 8.6M | 8.8M | 1.0M | 1.1M |
| 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 | 304.2M | 131.6M | 126.0M | 170.3M | 262.1M |
| Cash Cash Equivalents And Short Term Investments | 304.2M | 131.6M | 126.8M | 171.9M | 264.4M |
| Other Short Term Investments | -- | 753,000 | 804,000 | 1.6M | 2.3M |
| Accounts Receivable | 299.9M | 97.0M | 108.3M | 143.5M | 24.7M |
| Receivables | 353.2M | 147.8M | 147.3M | 191.9M | 28.5M |
| Inventory | 270.1M | 209.4M | 149.6M | 140.8M | 62.8M |
| Prepaid Assets | 12.9M | 27.7M | 41.3M | 42.4M | 5.5M |
| Other Current Assets | -- | 2.7M | 2.8M | 2.5M | -- |
| Current Assets | 940.4M | 541.1M | 486.9M | 569.5M | 361.7M |
| Gross PPE | 9.3B | 8.4B | 7.8B | 6.9B | 2.2B |
| Accumulated Depreciation | -3.2B | -2.7B | -2.5B | -2.2B | -923.0M |
| Net PPE | 6.1B | 5.7B | 5.3B | 4.7B | 1.3B |
| Investments And Advances | 4.3M | 1.4M | 824,000 | 1.6M | 6.1M |
| Other Non Current Assets | 23.4M | 16.4M | 11.6M | 9.5M | 566,000 |
| Total Non Current Assets | 6.3B | 5.8B | 5.4B | 4.8B | 1.4B |
| Total Assets | 7.2B | 6.4B | 5.9B | 5.4B | 1.7B |
| Current Debt | 39.9M | 202.8M | 54.0M | -- | -- |
| Current Debt And Capital Lease Obligation | 108.5M | 249.4M | 87.5M | 28.9M | 3.4M |
| Accounts Payable | 501.3M | 330.2M | 272.3M | 284.9M | 97.4M |
| Payables | 595.1M | 400.6M | 281.7M | 295.9M | 170.2M |
| Payables And Accrued Expenses | 595.1M | 400.6M | 281.7M | 295.9M | 170.2M |
| Current Deferred Revenue | 13.4M | 11.4M | 12.1M | 8.5M | 6.1M |
| Other Current Liabilities | 68.5M | 14.6M | 26.5M | 75.2M | 50.5M |
| Current Liabilities | 785.6M | 694.1M | 431.8M | 408.5M | 230.2M |
| Long Term Debt | 1.0B | 736.0M | 970.3M | 599.1M | -- |
| Long Term Debt And Capital Lease Obligation | 1.2B | 936.3M | 1.1B | 674.0M | 12.6M |
| Long Term Capital Lease Obligation | 209.7M | 200.3M | 103.0M | 75.0M | 12.6M |
| Other Non Current Liabilities | 17.7M | 7.3M | 8.7M | 4.0M | 2.5M |
| Total Non Current Liabilities Net Minority Interest | 2.6B | 2.2B | 2.4B | 1.8B | 481.3M |
| Total Liabilities Net Minority Interest | 3.4B | 2.9B | 2.8B | 2.2B | 711.5M |
| Common Stock | 2.8B | 2.8B | 2.5B | 2.4B | 849.4M |
| Capital Stock | 2.8B | 2.8B | 2.5B | 2.4B | 849.4M |
| Retained Earnings | 569.9M | 254.1M | 168.9M | 262.5M | 128.0M |
| Gains Losses Not Affecting Retained Earnings | 52.7M | 47.4M | 40.1M | 41.3M | 39.0M |
| Other Equity Adjustments | 52.7M | 47.4M | 40.1M | 41.3M | 39.0M |
| Common Stock Equity | 3.4B | 3.1B | 2.7B | 2.8B | 1.0B |
| Stockholders Equity | 3.4B | 3.1B | 2.7B | 2.8B | 1.0B |
| Total Equity Gross Minority Interest | 3.8B | 3.5B | 3.1B | 3.2B | 1.0B |
| Minority Interest | 442.1M | 408.2M | 405.5M | 428.6M | 0.00 |
| Total Capitalization | 4.4B | 3.8B | 3.6B | 3.4B | 1.0B |
| Net Tangible Assets | 3.4B | 3.1B | 2.7B | 2.8B | 1.0B |
| Tangible Book Value | 3.4B | 3.1B | 2.7B | 2.8B | 1.0B |
| Working Capital | 154.8M | -153.0M | 55.0M | 161.0M | 131.4M |
| Invested Capital | 4.4B | 4.0B | 3.7B | 3.4B | 1.0B |
| Total Debt | 1.3B | 1.2B | 1.2B | 703.0M | 16.0M |
| Net Debt | 749.7M | 807.2M | 898.3M | 428.8M | -- |
| Share Issued | 763.7M | 761.9M | 696.1M | 691.6M | 413.5M |
| Ordinary Shares Number | 763.7M | 761.9M | 696.1M | 691.6M | 413.5M |
| Available For Sale Securities | 4.3M | 1.4M | 824,000 | 1.6M | 6.1M |
| Capital Lease Obligations | 278.3M | 247.0M | 136.5M | 103.9M | 16.0M |
| Construction In Progress | 175.4M | 171.8M | 1.2B | 896.4M | 88.3M |
| Current Capital Lease Obligation | 68.6M | 46.6M | 33.5M | 28.9M | 3.4M |
| Current Deferred Liabilities | 13.4M | 11.4M | 12.1M | 8.5M | 6.1M |
| Current Provisions | -- | 18.0M | 23.9M | -- | -- |
| Derivative Product Liabilities | 0.00 | 1.3M | 0.00 | 10.1M | 0.00 |
| Dueto Related Parties Current | 6.5M | 6.5M | 3.2M | 0.00 | -- |
| Dueto Related Parties Non Current | 246.2M | 240.6M | 192.6M | 60.0M | 0.00 |
| Employee Benefits | 5.7M | 5.1M | 13.0M | 6.4M | 5.1M |
| Financial Assets | 0.00 | 11.7M | 16.6M | 28.6M | 0.00 |
| Finished Goods | 52.4M | 63.3M | 31.7M | 32.7M | 17.1M |
| Hedging Assets Current | 19,000 | 24.6M | 19.0M | 20.0M | 543,000 |
| Income Tax Payable | 63.2M | 16.3M | 6.2M | 10.9M | 29.4M |
| Investmentin Financial Assets | 4.3M | 1.4M | 824,000 | 1.6M | 6.1M |
| Line Of Credit | 39.9M | 117.0M | 25.6M | 0.00 | -- |
| Long Term Provisions | 259.5M | 234.8M | 268.1M | 239.6M | 161.1M |
| Machinery Furniture Equipment | 4.4B | 4.1B | 2.9B | 2.7B | 602.8M |
| Non Current Accounts Receivable | 1.4M | 1.2M | -- | 431,000 | 5.9M |
| Non Current Deferred Assets | 79.4M | 50.5M | 53.4M | 38.7M | 30.6M |
| Non Current Deferred Liabilities | 827.0M | 782.8M | 777.8M | 758.0M | 261.5M |
| Non Current Deferred Revenue | 131.0M | 146.0M | 147.6M | 160.5M | 165.7M |
| Non Current Deferred Taxes Assets | 79.4M | 50.5M | 53.4M | 38.7M | 30.6M |
| Non Current Deferred Taxes Liabilities | 695.9M | 636.8M | 630.2M | 597.6M | 95.8M |
| Non Current Pension And Other Postretirement Benefit Plans | 5.7M | 5.1M | 13.0M | 6.4M | 5.1M |
| Non Current Prepaid Assets | 22.4M | 24.5M | 18.4M | 26.2M | 12.3M |
| Other Current Borrowings | -- | 85.7M | 28.4M | -- | -- |
| Other Inventories | -- | -- | -- | -- | 635,000 |
| Other Payable | 13.8M | 47.6M | -- | -- | 43.4M |
| Other Properties | 486.0M | 397.6M | 246.8M | 186.4M | 20.1M |
| Other Receivables | 29.9M | 27.1M | 14.7M | 11.8M | 1.7M |
| Properties | 4.3B | 3.7B | 3.5B | 3.2B | -- |
| Raw Materials | 190.0M | 125.2M | 96.5M | 78.7M | 41.3M |
| Taxes Receivable | 23.4M | 23.7M | 24.3M | 36.6M | 2.1M |
| Total Tax Payable | 73.6M | 16.3M | 6.2M | 10.9M | 29.4M |
| Tradeand Other Payables Non Current | 0.00 | 0.00 | 42.4M | 40.4M | 38.4M |
| Work In Process | 27.7M | 21.0M | 21.5M | 29.4M | 4.5M |
| 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 | 685.2M | 398.6M | 116.8M | 87.4M | 553.3M |
| Cash Flow From Continuing Operating Activities | 685.2M | 398.6M | 116.8M | 87.4M | 553.3M |
| Depreciation And Amortization | 481.5M | 316.2M | 238.2M | -- | -- |
| Depreciation Amortization Depletion | 481.5M | 316.2M | 238.2M | 176.2M | 93.2M |
| Stock Based Compensation | 21.5M | 16.0M | 19.0M | 31.8M | 74.0M |
| Deferred Tax | 135.4M | 46.4M | 33.6M | 57.3M | 87.1M |
| Deferred Income Tax | 135.4M | 46.4M | 33.6M | 57.3M | 87.1M |
| Change In Working Capital | -219.2M | -3.2M | -90.6M | -93.8M | 21.8M |
| Change In Receivables | -256.8M | -11.4M | 46.8M | -35.5M | -8.7M |
| Change In Inventory | -55.2M | -40.0M | -445,000 | 54.0M | -5.0M |
| Change In Payables And Accrued Expense | 73.8M | 17.4M | -101.2M | -61.9M | 2.3M |
| Change In Other Current Assets | 14.8M | 23.2M | 2.8M | -11.9M | 4.5M |
| Change In Other Current Liabilities | 4.2M | 7.6M | -38.6M | -38.6M | 28.6M |
| Other Non Cash Items | 138.6M | -22.3M | 71.9M | 10.3M | 145.5M |
| Capital Expenditure | -519.1M | -448.0M | -616.7M | -559.8M | -133.4M |
| Purchase Of PPE | -519.1M | -448.0M | -616.7M | -559.8M | -133.4M |
| Net PPE Purchase And Sale | -519.1M | -448.0M | -616.7M | -559.8M | -133.4M |
| Sale Of Business | 0.00 | 70,000 | 0.00 | 219.2M | 0.00 |
| Sale Of Investment | 0.00 | 52,000 | 2.8M | 706,000 | 1.2M |
| Net Investment Purchase And Sale | 0.00 | 52,000 | 2.8M | 706,000 | 1.2M |
| Investing Cash Flow | -519.1M | -506.8M | -673.3M | -370.7M | -143.7M |
| Cash Flow From Continuing Investing Activities | -519.1M | -506.8M | -673.3M | -370.7M | -143.7M |
| Issuance Of Debt | 1.2B | 289.5M | 544.4M | 482.2M | 33.4M |
| Repayment Of Debt | -1.1B | -441.8M | -163.1M | -271.5M | -220.2M |
| Net Issuance Payments Of Debt | 109.0M | -152.3M | 381.3M | 210.8M | -186.8M |
| Issuance Of Capital Stock | 10.0M | 252.9M | -- | -- | -- |
| Net Common Stock Issuance | 10.0M | 252.9M | -- | -- | -- |
| Financing Cash Flow | 5.8M | 115.9M | 508.5M | 192.1M | -204.3M |
| Cash Flow From Continuing Financing Activities | 5.8M | 115.9M | 508.5M | 192.1M | -204.3M |
| Effect Of Exchange Rate Changes | 695,000 | -2.2M | 3.7M | -606,000 | 141,000 |
| Changes In Cash | 171.9M | 7.8M | -48.0M | -91.2M | 205.4M |
| Beginning Cash Position | 131.6M | 126.0M | 170.3M | 262.1M | 56.6M |
| End Cash Position | 304.2M | 131.6M | 126.0M | 170.3M | 262.1M |
| Free Cash Flow | 166.1M | -49.4M | -499.9M | -472.3M | 419.9M |
| Asset Impairment Charge | -210.7M | 1.2M | 552,000 | 2.8M | -90.4M |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Stock Issuance | 10.0M | 252.9M | -- | -- | -- |
| Depreciation | 481.5M | 316.2M | 238.2M | -- | -- |
| Gain Loss On Investment Securities | 32.9M | -6.1M | -17.1M | -133.2M | 309,000 |
| Interest Paid Cff | -98.9M | -31.0M | -6.6M | -7.6M | -3.5M |
| Interest Received Cfi | 0.00 | -60.3M | -61.5M | -23.4M | 0.00 |
| Interest Received Cfo | -- | -- | -- | 17.5M | 1.1M |
| Long Term Debt Issuance | 1.2B | 289.5M | 544.4M | 482.2M | 33.4M |
| Long Term Debt Payments | -1.1B | -441.8M | -163.1M | -271.5M | -220.2M |
| Net Business Purchase And Sale | 0.00 | 70,000 | 0.00 | 219.2M | 0.00 |
| Net Foreign Currency Exchange Gain Loss | 11.1M | -10.6M | 4.9M | -21.8M | 1.1M |
| Net Income From Continuing Operations | 349.7M | 85.9M | -124.7M | 136.1M | 252.9M |
| Net Long Term Debt Issuance | 109.0M | -152.3M | 381.3M | 210.8M | -186.8M |
| Net Other Financing Charges | -15.9M | 42.5M | 131.1M | -14.2M | -18.3M |
| Net Other Investing Changes | -- | 1.4M | 2.2M | -7.5M | -11.4M |
| Operating Gains Losses | 38.5M | -16.6M | -9.5M | -163.3M | 1.4M |
| Proceeds From Stock Option Exercised | 1.6M | 3.8M | 2.7M | 3.1M | 4.4M |
| Taxes Refund Paid | -50.2M | -24.9M | -21.7M | -69.9M | -33.3M |