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 | 172.6M | 142.8M | 88.6M | 63.5M | 42.2M |
| Operating Revenue | 176.5M | 146.0M | 90.1M | 63.9M | 42.7M |
| Cost Of Revenue | 126.0M | 127.2M | 80.9M | 50.7M | 34.5M |
| Gross Profit | 46.6M | 15.6M | 7.7M | 12.8M | 7.7M |
| Selling General And Administration | 4.8M | 6.4M | 7.5M | 4.2M | 1.8M |
| General And Administrative Expense | 4.8M | 6.4M | 7.5M | 4.2M | 1.8M |
| Depreciation And Amortization In Income Statement | -- | 98,000 | 102,000 | 105,000 | 99,000 |
| Other Operating Expenses | 7.9M | 7.3M | 4.9M | 4.5M | 6.8M |
| Operating Expense | 12.8M | 13.8M | 12.5M | 8.8M | 8.7M |
| Operating Income | 33.8M | 1.8M | -4.8M | 4.0M | -945,000 |
| EBIT | -21.3M | -36.5M | -13.4M | -27.4M | -1.9M |
| Interest Expense | 3.8M | 997,000 | 1.1M | 417,000 | -211,000 |
| Interest Expense Non Operating | 3.8M | 997,000 | 1.1M | 417,000 | -211,000 |
| Net Interest Income | -3.8M | -997,000 | -1.1M | -417,000 | 211,000 |
| Other Income Expense | -55.1M | -38.3M | -8.6M | -31.5M | -910,000 |
| Special Income Charges | -7.4M | 0.00 | -- | -- | -112,000 |
| Restructuring And Mergern Acquisition | -2,000 | 0.00 | -- | -- | -- |
| Gain On Sale Of Security | -47.7M | -38.3M | -8.6M | -31.5M | -798,000 |
| Pretax Income | -25.0M | -37.5M | -14.6M | -27.8M | -1.6M |
| Tax Provision | -1.3M | 4.5M | 5.9M | 5.1M | -2.7M |
| Tax Effect Of Unusual Items | -2.8M | -5.7M | -1.3M | -4.7M | -136,500 |
| Net Income From Continuing And Discontinued Operation | -23.8M | -42.0M | -20.5M | -32.9M | 1.0M |
| Net Income From Continuing Operation Net Minority Interest | -23.8M | -42.0M | -20.5M | -32.9M | 1.0M |
| Net Income Including Noncontrolling Interests | -23.8M | -42.0M | -20.5M | -32.9M | 1.0M |
| Net Income Common Stockholders | -23.8M | -42.0M | -20.5M | -32.9M | 1.0M |
| Net Income | -23.8M | -42.0M | -20.5M | -32.9M | 1.0M |
| EBITDA | 3.7M | -12.4M | 1.8M | -17.9M | 3.9M |
| Normalized EBITDA | 58.8M | 25.9M | 10.4M | 13.6M | 4.8M |
| Reconciled Depreciation | 25.0M | 24.1M | 15.2M | 9.6M | 5.7M |
| Basic EPS | -- | -0.14 | -0.07 | -0.13 | -- |
| Diluted EPS | -- | -0.14 | -0.07 | -0.13 | -- |
| Basic Average Shares | -- | 291.4M | 283.5M | 262.3M | -- |
| Diluted Average Shares | -- | 291.4M | 283.5M | 262.3M | -- |
| Total Unusual Items | -55.1M | -38.3M | -8.6M | -31.5M | -910,000 |
| Total Unusual Items Excluding Goodwill | -55.1M | -38.3M | -8.6M | -31.5M | -910,000 |
| Tax Rate For Calcs | 0.05 | 0.15 | 0.15 | 0.15 | 0.15 |
| Normalized Income | 28.6M | -9.4M | -13.1M | -6.2M | 1.8M |
| Depreciation Amortization Depletion Income Statement | 95,000 | 98,000 | 102,000 | 105,000 | 99,000 |
| Depreciation Income Statement | -- | 98,000 | 102,000 | 105,000 | 99,000 |
| Diluted NI Availto Com Stockholders | -23.8M | -42.0M | -20.5M | -32.9M | 1.0M |
| Gain On Sale Of Ppe | -- | -- | -- | -- | 69,000 |
| Impairment Of Capital Assets | -- | -- | -- | -- | 181,000 |
| Net Income Continuous Operations | -23.8M | -42.0M | -20.5M | -32.9M | 1.0M |
| Net Non Operating Interest Income Expense | -3.8M | -997,000 | -1.1M | -417,000 | 211,000 |
| Other Gand A | 1.6M | 2.0M | 4.6M | 2.1M | 1.1M |
| Reconciled Cost Of Revenue | 101.1M | 103.2M | 65.8M | 41.2M | 28.9M |
| Salaries And Wages | 3.2M | 4.4M | 2.9M | 2.1M | 753,000 |
| Total Expenses | 138.7M | 141.0M | 93.4M | 59.5M | 43.2M |
| Total Operating Income As Reported | 34.6M | 1.8M | -4.8M | 4.0M | -471,000 |
| 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 | 215.4M | 57.0M | 52.2M | 64.7M | 106.4M |
| Cash Cash Equivalents And Short Term Investments | 216.4M | 58.1M | 52.8M | 65.9M | 107.5M |
| Other Short Term Investments | 1.0M | 1.1M | 595,000 | 1.2M | 1.1M |
| Accounts Receivable | 20.6M | 14.1M | 12.3M | 3.3M | 3.3M |
| Receivables | 89.8M | 79.0M | 72.7M | 10.4M | 10.3M |
| Inventory | 62.3M | 58.4M | 60.0M | 39.1M | 36.0M |
| Other Current Assets | 6.0M | 8.8M | 9.6M | 5.2M | 3.8M |
| Current Assets | 423.2M | 207.9M | 197.9M | 120.6M | 157.6M |
| Gross PPE | 1.4B | 1.5B | 1.5B | 1.2B | 1.2B |
| Accumulated Depreciation | -611.2M | -717.5M | -694.6M | -679.3M | -667.7M |
| Net PPE | 785.9M | 797.7M | 783.1M | 564.0M | 506.2M |
| Other Non Current Assets | 10.2M | 5.0M | 8.7M | 992,000 | 20.5M |
| Total Non Current Assets | 812.5M | 809.1M | 798.0M | 607.4M | 561.6M |
| Total Assets | 1.2B | 1.0B | 995.9M | 728.0M | 719.2M |
| Current Debt | 8.8M | 13.3M | 14.5M | 10.1M | 5.2M |
| Current Debt And Capital Lease Obligation | 8.8M | 44.3M | 39.5M | 10.1M | 5.2M |
| Accounts Payable | 120.4M | 109.6M | 103.4M | 59.6M | 54.0M |
| Payables | 144.7M | 135.3M | 122.5M | 70.3M | 63.5M |
| Payables And Accrued Expenses | 144.7M | 135.3M | 122.5M | 70.3M | 63.5M |
| Other Current Liabilities | 123.3M | 69.8M | 37.8M | 25.4M | 10.2M |
| Current Liabilities | 276.8M | 264.0M | 213.2M | 105.8M | 78.9M |
| Long Term Debt | 235.1M | 114.8M | 122.1M | 112.3M | 115.0M |
| Long Term Debt And Capital Lease Obligation | 235.1M | 114.8M | 122.1M | 112.3M | 115.0M |
| Other Non Current Liabilities | 48.0M | 42.0M | 41.8M | 2.3M | 2.4M |
| Total Non Current Liabilities Net Minority Interest | 379.8M | 244.2M | 253.6M | 170.1M | 155.9M |
| Total Liabilities Net Minority Interest | 656.6M | 508.2M | 466.8M | 275.9M | 234.8M |
| Common Stock | 981.2M | 971.4M | 947.5M | 851.0M | 851.0M |
| Capital Stock | 981.2M | 971.4M | 947.5M | 851.0M | 851.0M |
| Additional Paid In Capital | 89.2M | 4.8M | 7.1M | 6.1M | 5.6M |
| Retained Earnings | -491.3M | -467.5M | -425.5M | -405.1M | -372.2M |
| Common Stock Equity | 579.1M | 508.8M | 529.1M | 452.0M | 484.4M |
| Stockholders Equity | 579.1M | 508.8M | 529.1M | 452.0M | 484.4M |
| Total Equity Gross Minority Interest | 579.1M | 508.8M | 529.1M | 452.0M | 484.4M |
| Total Capitalization | 814.2M | 623.6M | 651.2M | 564.3M | 599.4M |
| Net Tangible Assets | 579.1M | 508.8M | 529.1M | 452.0M | 484.4M |
| Tangible Book Value | 579.1M | 508.8M | 529.1M | 452.0M | 484.4M |
| Working Capital | 146.4M | -56.1M | -15.3M | 14.8M | 78.7M |
| Invested Capital | 823.0M | 636.9M | 665.7M | 574.5M | 604.6M |
| Total Debt | 243.9M | 159.1M | 161.6M | 122.4M | 120.2M |
| Net Debt | 28.5M | 71.0M | 84.4M | 57.7M | 13.8M |
| Share Issued | 295.4M | 294.1M | 289.8M | 262.3M | 262.3M |
| Ordinary Shares Number | 295.4M | 294.1M | 289.8M | 262.3M | 262.3M |
| Assets Held For Sale Current | 47.6M | -- | -- | -- | 0.00 |
| Buildings And Improvements | -- | -- | 94.0M | 36.1M | 35.7M |
| Construction In Progress | -- | 3.6M | -- | 12.8M | 18.3M |
| Current Deferred Liabilities | -- | 14.6M | 13.5M | -- | -- |
| Derivative Product Liabilities | 36.2M | 42.3M | 39.0M | 33.3M | 16.6M |
| Financial Assets | 8.0M | 644,000 | 870,000 | -- | 0.00 |
| Finished Goods | 14.9M | 8.8M | 11.5M | 8.1M | 7.2M |
| Hedging Assets Current | 1.1M | 3.6M | 2.8M | -- | 0.00 |
| Income Tax Payable | 24.3M | 25.7M | 19.0M | 10.7M | 9.5M |
| Loans Receivable | 2.3M | 2.2M | 1.8M | 1.4M | 1.4M |
| Long Term Provisions | 22.3M | 23.8M | 23.2M | 12.1M | 11.6M |
| Machinery Furniture Equipment | 613.4M | 654.1M | 509.7M | 380.9M | 395.9M |
| Non Current Accounts Receivable | 8.4M | 5.7M | 5.4M | 41.2M | 34.9M |
| Non Current Deferred Assets | -- | -- | -- | -- | 0.00 |
| Non Current Deferred Liabilities | 38.2M | 21.4M | 27.5M | 10.1M | 10.3M |
| Non Current Deferred Taxes Liabilities | 38.2M | 21.4M | 27.5M | 10.1M | 10.3M |
| Non Current Note Receivables | -- | -- | -- | 1.2M | 1.2M |
| Other Current Borrowings | 8.8M | 13.3M | 14.5M | 10.1M | 5.2M |
| Other Receivables | 2.2M | 3.1M | 4.2M | 344,000 | 400,000 |
| Raw Materials | 45.1M | 48.3M | 46.0M | 29.4M | 27.0M |
| Taxes Receivable | 64.7M | 59.5M | 54.5M | 5.4M | 5.2M |
| Total Tax Payable | 24.3M | 25.7M | 19.0M | 10.7M | 9.5M |
| Work In Process | 2.3M | 1.3M | 2.6M | 1.6M | 1.8M |
| 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 | 15.4M | 27.1M | 21.6M | 3.4M | -4.8M |
| Cash Flow From Continuing Operating Activities | 15.5M | 27.1M | 21.6M | 3.4M | -4.8M |
| Depreciation And Amortization | 25.0M | 24.1M | 15.2M | 9.6M | 5.7M |
| Depreciation Amortization Depletion | 25.0M | 24.1M | 15.2M | 9.6M | 5.7M |
| Stock Based Compensation | 761,000 | 942,000 | 1.7M | 516,000 | 346,000 |
| Deferred Tax | -12.8M | -6.2M | -3.2M | -214,000 | -2.5M |
| Deferred Income Tax | -12.8M | -6.2M | -3.2M | -214,000 | -2.5M |
| Change In Working Capital | -14.3M | 14.6M | 7.2M | -5.0M | -10.6M |
| Changes In Account Receivables | -12.1M | -675,000 | 1.7M | -6.3M | 1.7M |
| Change In Receivables | -18.6M | -4.7M | -13.9M | -6.4M | 1.7M |
| Change In Inventory | -7.0M | 1.2M | -11.8M | -2.2M | -10.8M |
| Change In Payables And Accrued Expense | 24.6M | 16.0M | 32.3M | 4.9M | -2.8M |
| Change In Payable | 24.6M | 16.0M | 32.3M | 4.9M | -2.8M |
| Other Non Cash Items | 22.1M | 3.3M | 15.2M | -595,000 | -1.5M |
| Capital Expenditure | -38.8M | -34.6M | -54.1M | -41.6M | -45.9M |
| Purchase Of PPE | -38.8M | -34.6M | -54.1M | -41.6M | -45.9M |
| Net PPE Purchase And Sale | -38.8M | -34.6M | -54.1M | -41.6M | -45.8M |
| Purchase Of Business | 728,000 | 0.00 | -72.8M | -- | -- |
| Purchase Of Investment | -- | -- | -- | -- | -- |
| Sale Of Investment | 4,000 | 0.00 | 796,000 | 0.00 | 0.00 |
| Net Investment Purchase And Sale | 4,000 | 0.00 | 796,000 | 0.00 | 0.00 |
| Investing Cash Flow | -37.0M | -34.4M | -125.5M | -40.6M | -43.8M |
| Cash Flow From Continuing Investing Activities | -37.0M | -34.4M | -125.5M | -40.6M | -43.8M |
| Issuance Of Debt | 339.1M | 0.00 | 15.0M | -- | 35.0M |
| Repayment Of Debt | -152.9M | -3.7M | -2.6M | -1.3M | -1.2M |
| Net Issuance Payments Of Debt | 186.2M | -3.7M | 12.4M | -1.3M | 33.8M |
| Issuance Of Capital Stock | 9.2M | 14.8M | 46.6M | 0.00 | 68.6M |
| Net Common Stock Issuance | 9.2M | 14.8M | 46.6M | 0.00 | 68.6M |
| Financing Cash Flow | 188.2M | 12.1M | 91.2M | -4.5M | 101.2M |
| Cash Flow From Continuing Financing Activities | 188.2M | 12.1M | 91.2M | -4.5M | 101.2M |
| Effect Of Exchange Rate Changes | 90,000 | 25,000 | 203,000 | -19,000 | -1.0M |
| Changes In Cash | 166.6M | 4.8M | -12.7M | -41.7M | 52.5M |
| Beginning Cash Position | 57.0M | 52.2M | 64.7M | 106.4M | 54.9M |
| End Cash Position | 223.7M | 57.0M | 52.2M | 64.7M | 106.4M |
| Free Cash Flow | -23.4M | -7.6M | -32.6M | -38.2M | -50.7M |
| Income Tax Paid Supplemental Data | -- | -- | -- | 2.4M | 224,000 |
| Asset Impairment Charge | -- | -- | 1.3M | -- | 181,000 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change In Account Payable | 18.0M | 9.3M | 27.1M | 3.6M | -714,000 |
| Change In Income Tax Payable | 6.6M | 6.7M | 5.2M | 1.3M | -2.1M |
| Change In Prepaid Assets | -13.3M | 2.0M | 610,000 | -1.2M | 1.3M |
| Change In Tax Payable | 6.6M | 6.7M | 5.2M | 1.3M | -2.1M |
| Common Stock Issuance | 9.2M | 14.8M | 46.6M | 0.00 | 68.6M |
| Depreciation | 25.0M | 24.1M | 15.2M | 9.6M | 5.7M |
| Gain Loss On Investment Securities | 21.4M | 34.1M | 8.7M | 31.7M | 1.1M |
| Interest Paid Cff | -5.8M | -3.5M | -3.2M | -3.2M | -2.3M |
| Interest Received Cfi | 1.1M | 273,000 | 575,000 | 990,000 | 1.8M |
| Long Term Debt Issuance | 339.1M | 0.00 | 15.0M | -- | 35.0M |
| Long Term Debt Payments | -152.9M | -3.7M | -2.6M | -1.3M | -1.2M |
| Net Business Purchase And Sale | 728,000 | 0.00 | -72.8M | -- | -- |
| Net Foreign Currency Exchange Gain Loss | -548,000 | -1.3M | -2.8M | 275,000 | 1.6M |
| Net Income From Continuing Operations | -23.8M | -42.0M | -20.5M | -32.9M | 1.0M |
| Net Long Term Debt Issuance | 186.2M | -3.7M | 12.4M | -1.3M | 33.8M |
| Net Other Financing Charges | -1.7M | -1.3M | 34.6M | -- | -344,000 |
| Net Other Investing Changes | 50,000 | -- | 150,000 | -- | 150,000 |
| Operating Gains Losses | 20.8M | 32.7M | 5.9M | 32.0M | 2.5M |
| Proceeds From Stock Option Exercised | 366,000 | 6.0M | 879,000 | -- | 1.4M |
| Sale Of PPE | -- | -- | -- | -- | 69,000 |
| Unrealized Gain Loss On Investment Securities | 22,000 | -501,000 | -- | -- | -- |