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 | 1.8B | 1.3B | 1.0B | 871.5M | 943.5M |
| Operating Revenue | 1.8B | 1.3B | 1.0B | 871.5M | 943.5M |
| Cost Of Revenue | 936.2M | 815.6M | 740.0M | 699.8M | 650.7M |
| Gross Profit | 882.7M | 507.0M | 270.1M | 171.7M | 292.8M |
| Selling General And Administration | 63.8M | 51.7M | 54.2M | 53.7M | 45.8M |
| General And Administrative Expense | 63.8M | 51.7M | 54.2M | 53.7M | 45.8M |
| Other Operating Expenses | 64.5M | 39.9M | 42.8M | 56.0M | 33.1M |
| Operating Expense | 128.4M | 91.6M | 97.0M | 109.7M | 78.9M |
| Operating Income | 754.3M | 415.4M | 173.0M | 62.0M | 213.9M |
| EBIT | 622.6M | 489.4M | 193.9M | 47.1M | 225.2M |
| Interest Expense | 78.3M | 54.0M | 30.5M | 35.2M | 67.7M |
| Interest Expense Non Operating | 78.3M | 54.0M | 30.5M | 35.2M | 67.7M |
| Interest Income | 33.6M | 23.9M | 17.6M | 8.9M | 2.7M |
| Interest Income Non Operating | 33.6M | 23.9M | 17.6M | 8.9M | 2.7M |
| Net Interest Income | -44.7M | -30.0M | -12.9M | -26.4M | -65.0M |
| Other Income Expense | -165.3M | 50.1M | 3.2M | -23.7M | 8.5M |
| Other Non Operating Income Expenses | 8.7M | 6.7M | 5.7M | -- | 3.7M |
| Special Income Charges | -12.7M | 53.9M | -9.7M | -29.5M | -16.6M |
| Gain On Sale Of Security | -161.3M | -10.5M | 7.2M | 5.8M | 21.4M |
| Pretax Income | 544.3M | 435.4M | 163.4M | 11.9M | 157.5M |
| Tax Provision | 22.1M | 134.8M | 57.6M | 61.2M | 138.1M |
| Tax Effect Of Unusual Items | -7.1M | 13.4M | -884,956 | -6.2M | 1.3M |
| Net Income From Continuing And Discontinued Operation | 507.3M | 289.1M | 104.6M | -353.8M | -136.0M |
| Net Income From Continuing Operation Net Minority Interest | 525.2M | 302.8M | 109.0M | 23.7M | 19.1M |
| Net Income Including Noncontrolling Interests | 504.3M | 287.0M | 101.4M | -426.9M | -135.7M |
| Minority Interests | 3.0M | 2.2M | 3.2M | 73.0M | -314,000 |
| Net Income Common Stockholders | 507.3M | 289.1M | 104.6M | -353.8M | -136.0M |
| Net Income | 507.3M | 289.1M | 104.6M | -353.8M | -136.0M |
| EBITDA | 883.1M | 744.3M | 458.2M | 289.5M | 427.1M |
| Normalized EBITDA | 1.1B | 701.0M | 460.7M | 313.2M | 422.3M |
| Reconciled Depreciation | 260.5M | 255.0M | 264.3M | 242.4M | 201.9M |
| Basic EPS | 2.50 | 1.42 | 0.54 | -1.93 | -0.75 |
| Diluted EPS | 2.47 | 1.41 | 0.54 | -1.93 | -0.75 |
| Basic Average Shares | 203.0M | 204.0M | 194.4M | 183.4M | 180.3M |
| Diluted Average Shares | 205.4M | 205.5M | 195.3M | 183.4M | 181.8M |
| Total Unusual Items | -174.0M | 43.4M | -2.5M | -23.7M | 4.8M |
| Total Unusual Items Excluding Goodwill | -174.0M | 43.4M | -2.5M | -23.7M | 4.8M |
| Tax Rate For Calcs | 0.04 | 0.31 | 0.35 | 0.26 | 0.27 |
| Normalized Income | 692.2M | 272.9M | 110.7M | 41.2M | 15.5M |
| Diluted NI Availto Com Stockholders | 507.3M | 289.1M | 104.6M | -353.8M | -136.0M |
| Gain On Sale Of Business | -- | 60.0M | 0.00 | -- | -- |
| Gain On Sale Of Ppe | 0.00 | 60.0M | -605,000 | 3.0M | 6.5M |
| Impairment Of Capital Assets | 12.7M | 6.1M | 9.7M | 32.5M | 23.0M |
| Net Income Continuous Operations | 522.2M | 300.6M | 105.8M | -49.4M | 19.4M |
| Net Income Discontinuous Operations | -17.9M | -13.7M | -4.4M | -377.5M | -155.1M |
| Net Non Operating Interest Income Expense | -44.7M | -30.0M | -12.9M | -26.4M | -65.0M |
| Other Gand A | 39.2M | 36.2M | 39.8M | 37.0M | 35.5M |
| Reconciled Cost Of Revenue | 936.2M | 815.6M | 740.0M | 699.8M | 650.7M |
| Salaries And Wages | 24.7M | 15.5M | 14.4M | 16.7M | 10.3M |
| Total Expenses | 1.1B | 907.2M | 837.1M | 809.5M | 729.6M |
| Total Operating Income As Reported | 727.4M | 419.4M | 182.0M | 41.7M | 217.9M |
| 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 | 869.4M | 856.8M | 540.5M | 279.7M | 481.3M |
| Cash Cash Equivalents And Short Term Investments | 869.4M | 995.7M | 543.3M | 314.9M | 481.5M |
| Cash Equivalents | 101.7M | 26.0M | 937,000 | 3.0M | 80.0M |
| Cash Financial | 767.7M | 830.8M | 539.5M | 276.7M | 401.3M |
| Other Short Term Investments | 0.00 | 138.9M | 2.8M | 35.1M | 163,000 |
| Accounts Receivable | 111.0M | 57.8M | 49.4M | 33.7M | 23.0M |
| Receivables | 279.2M | 130.7M | 101.1M | 67.0M | 50.7M |
| Inventory | 297.2M | 279.0M | 235.9M | 198.9M | 178.2M |
| Prepaid Assets | -- | 20.7M | 20.0M | 23.9M | 17.8M |
| Current Assets | 1.4B | 1.5B | 930.4M | 632.5M | 728.2M |
| Gross PPE | 9.1B | 8.1B | 7.4B | 7.0B | 7.2B |
| Accumulated Depreciation | -4.2B | -3.9B | -3.7B | -3.4B | -3.2B |
| Net PPE | 4.9B | 4.1B | 3.8B | 3.6B | 4.0B |
| Goodwill | 92.6M | 92.6M | 92.6M | 92.6M | 92.6M |
| Goodwill And Other Intangible Assets | 92.6M | 92.6M | 92.6M | 92.6M | 92.6M |
| Investments And Advances | 163.6M | 33.2M | 106.0M | 61.6M | 59.8M |
| Long Term Equity Investment | 109.4M | 0.00 | -- | -- | -- |
| Other Non Current Assets | 11.1M | 8.3M | 3.7M | 2.2M | 4.2M |
| Total Non Current Assets | 5.3B | 4.4B | 4.1B | 3.8B | 4.2B |
| Total Assets | 6.7B | 5.8B | 5.0B | 4.5B | 4.9B |
| Current Debt | 48.0M | -- | -- | -- | -- |
| Current Debt And Capital Lease Obligation | 54.0M | 4.7M | 5.0M | 4.8M | 7.2M |
| Accounts Payable | 201.0M | 112.6M | 93.3M | 74.9M | 71.0M |
| Payables | 342.8M | 178.8M | 117.3M | 79.0M | 90.2M |
| Payables And Accrued Expenses | 629.9M | 357.8M | 245.1M | 191.7M | 195.3M |
| Current Accrued Expenses | 287.0M | 179.0M | 127.8M | 112.7M | 105.1M |
| Current Deferred Revenue | 432,000 | 8.9M | 8.9M | 0.00 | -- |
| Other Current Liabilities | 96.9M | 35.7M | 11.1M | 10.5M | -- |
| Current Liabilities | 789.1M | 412.2M | 274.2M | 210.9M | 206.7M |
| Long Term Debt | 1.2B | 923.0M | 641.7M | 498.1M | 489.8M |
| Long Term Debt And Capital Lease Obligation | 1.2B | 933.0M | 653.8M | 510.3M | 504.7M |
| Long Term Capital Lease Obligation | 8.6M | 10.0M | 12.1M | 12.2M | 14.9M |
| Total Non Current Liabilities Net Minority Interest | 1.7B | 1.5B | 1.2B | 1.0B | 1.1B |
| Total Liabilities Net Minority Interest | 2.4B | 1.9B | 1.5B | 1.3B | 1.3B |
| Common Stock | 3.3B | 3.4B | 3.4B | 3.2B | 3.2B |
| Capital Stock | 3.3B | 3.4B | 3.4B | 3.2B | 3.2B |
| Additional Paid In Capital | 2.5B | 2.6B | 2.6B | 2.6B | 2.6B |
| Retained Earnings | -1.6B | -2.2B | -2.5B | -2.6B | -2.2B |
| Treasury Stock | 16.0M | 13.0M | 19.3M | 20.5M | 10.3M |
| Gains Losses Not Affecting Retained Earnings | -11.6M | 56.2M | -4.8M | -42.3M | -20.9M |
| Other Equity Adjustments | -11.6M | 56.2M | -4.8M | -42.3M | -20.9M |
| Common Stock Equity | 4.3B | 3.9B | 3.5B | 3.2B | 3.6B |
| Stockholders Equity | 4.3B | 3.9B | 3.5B | 3.2B | 3.6B |
| Total Equity Gross Minority Interest | 4.3B | 3.9B | 3.5B | 3.2B | 3.6B |
| Minority Interest | 3.8M | -8.1M | -6.2M | -3.2M | 69.6M |
| Total Capitalization | 5.5B | 4.8B | 4.2B | 3.7B | 4.1B |
| Net Tangible Assets | 4.2B | 3.8B | 3.4B | 3.1B | 3.5B |
| Tangible Book Value | 4.2B | 3.8B | 3.4B | 3.1B | 3.5B |
| Working Capital | 658.7M | 1.1B | 656.2M | 421.5M | 521.6M |
| Invested Capital | 5.6B | 4.8B | 4.2B | 3.7B | 4.1B |
| Total Debt | 1.3B | 937.7M | 658.8M | 515.0M | 511.9M |
| Net Debt | 405.7M | 66.2M | 101.2M | 218.4M | 8.4M |
| Share Issued | 198.6M | 204.9M | 203.1M | 184.8M | 182.7M |
| Ordinary Shares Number | 198.0M | 204.9M | 203.1M | 184.8M | 182.7M |
| Assets Held For Sale Current | 0.00 | 16.7M | 27.6M | 27.7M | 0.00 |
| Capital Lease Obligations | 14.6M | 14.7M | 17.1M | 16.9M | 22.1M |
| Construction In Progress | 388.4M | 361.9M | 355.4M | 366.3M | 782.4M |
| Current Capital Lease Obligation | 6.0M | 4.7M | 5.0M | 4.8M | 7.2M |
| Current Deferred Assets | 0.00 | 60.0M | 0.00 | -- | -- |
| Current Deferred Liabilities | 432,000 | 8.9M | 8.9M | 0.00 | -- |
| Current Provisions | 7.9M | 5.1M | 4.0M | 4.0M | 4.1M |
| Derivative Product Liabilities | 16.3M | 28.2M | 13.2M | -3.7M | -8.1M |
| Employee Benefits | 13.7M | 10.9M | 10.3M | 8.9M | 8.9M |
| Financial Assets | 10.4M | 0.00 | 7.0M | 0.00 | -- |
| Hedging Assets Current | 2.1M | 52,000 | 2.5M | 0.00 | -- |
| Investmentin Financial Assets | 54.2M | 33.2M | 106.0M | 61.6M | 59.8M |
| Investmentsin Associatesat Cost | 109.4M | 0.00 | -- | -- | -- |
| Long Term Provisions | 135.1M | 127.9M | 125.1M | 105.9M | 131.4M |
| Machinery Furniture Equipment | 3.1B | 2.9B | 2.8B | 2.6B | 2.6B |
| Non Current Accounts Receivable | 77.1M | 77.6M | 74.5M | 55.4M | 38.8M |
| Non Current Deferred Assets | 37.1M | 19.5M | 14.7M | 14.5M | 0.00 |
| Non Current Deferred Liabilities | 254.4M | 434.9M | 399.1M | 424.7M | 439.2M |
| Non Current Deferred Taxes Assets | 37.1M | 19.5M | 14.7M | 14.5M | 0.00 |
| Non Current Deferred Taxes Liabilities | 254.4M | 434.9M | 399.1M | 424.7M | 439.2M |
| Non Current Pension And Other Postretirement Benefit Plans | -- | -- | 10.3M | 8.9M | 8.9M |
| Non Current Prepaid Assets | 2.1M | 3.5M | 3.2M | 2.9M | 3.8M |
| Other Current Borrowings | 48.0M | -- | -- | -- | -- |
| Other Properties | 299.1M | 282.4M | 257.5M | 243.3M | 233.3M |
| Other Receivables | 59.3M | 41.9M | 22.2M | 13.6M | 9.9M |
| Raw Materials | 146.4M | 141.4M | 133.0M | 131.6M | 114.7M |
| Taxes Receivable | 108.9M | 31.0M | 29.5M | 19.7M | 17.8M |
| Total Tax Payable | 141.9M | 66.2M | 23.9M | 4.1M | 19.2M |
| Treasury Shares Number | 590,802 | -- | 0.00 | -- | -- |
| Work In Process | 150.8M | 137.6M | 102.9M | 67.3M | 63.5M |
| 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 | 742.2M | 655.6M | 383.3M | 211.0M | 362.4M |
| Cash Flow From Continuing Operating Activities | 742.5M | 656.0M | 382.9M | 211.2M | 366.7M |
| Depreciation And Amortization | 260.5M | 255.0M | 264.3M | 242.4M | 201.9M |
| Depreciation Amortization Depletion | 260.5M | 255.0M | 264.3M | 242.4M | 201.9M |
| Stock Based Compensation | 20.2M | 11.9M | 10.2M | 10.7M | 7.9M |
| Deferred Tax | 22.1M | 134.8M | 57.6M | 61.2M | 138.1M |
| Deferred Income Tax | 22.1M | 134.8M | 57.6M | 61.2M | 138.1M |
| Change In Working Capital | -9.5M | 20.6M | -28.3M | -28.3M | -9.8M |
| Changes In Account Receivables | -80.1M | -12.0M | -29.3M | -3.8M | 14.1M |
| Change In Receivables | -80.1M | -12.0M | -29.3M | -3.8M | 14.1M |
| Change In Inventory | -40.6M | -29.4M | -33.6M | -20.6M | -15.7M |
| Change In Payables And Accrued Expense | 111.2M | 62.0M | 34.6M | -4.0M | -8.2M |
| Other Non Cash Items | -11.9M | -65.7M | 8.5M | 21.1M | 40.9M |
| Capital Expenditure | -866.4M | -594.1M | -412.7M | -289.9M | -282.1M |
| Purchase Of PPE | -866.4M | -594.1M | -401.9M | -289.9M | -282.1M |
| Net PPE Purchase And Sale | -860.5M | -588.0M | -400.2M | -285.6M | -271.7M |
| Purchase Of Business | -43.2M | 0.00 | -- | 0.00 | -19.3M |
| Sale Of Business | 60.0M | 0.00 | -- | 0.00 | 19.7M |
| Purchase Of Investment | -13.9M | -2.4M | -633,000 | -55.2M | -28.1M |
| Sale Of Investment | 139.5M | 14.1M | 33.9M | 0.00 | 61.4M |
| Net Investment Purchase And Sale | 125.6M | -2.4M | 33.2M | -55.2M | 33.4M |
| Investing Cash Flow | -814.6M | -630.6M | -395.7M | -370.9M | -265.9M |
| Cash Flow From Continuing Investing Activities | -814.6M | -630.6M | -395.7M | -370.9M | -263.0M |
| Issuance Of Debt | 354.4M | 366.9M | 181.3M | 0.00 | 500.0M |
| Repayment Of Debt | -59.6M | -52.1M | -15.3M | -6.9M | -527.9M |
| Net Issuance Payments Of Debt | 294.8M | 314.8M | 166.0M | -6.9M | -27.9M |
| Issuance Of Capital Stock | 8.9M | 14.1M | 168.7M | 14.1M | 14.6M |
| Repurchase Of Capital Stock | -214.9M | -2.0M | -4.4M | -14.0M | 0.00 |
| Net Common Stock Issuance | -206.0M | 12.2M | 164.2M | 132,000 | 14.6M |
| Common Stock Payments | -214.9M | -2.0M | -4.4M | -14.0M | 0.00 |
| Financing Cash Flow | 63.3M | 301.3M | 273.9M | -41.3M | -67.1M |
| Cash Flow From Continuing Financing Activities | 63.3M | 301.3M | 273.9M | -41.3M | -67.1M |
| Effect Of Exchange Rate Changes | 21.4M | -10.4M | -- | -- | -- |
| Changes In Cash | -9.2M | 326.3M | 261.5M | -201.2M | 29.4M |
| Beginning Cash Position | 856.8M | 540.5M | 279.7M | 481.3M | 452.0M |
| End Cash Position | 869.4M | 856.8M | 540.5M | 279.7M | 481.3M |
| Free Cash Flow | -124.2M | 61.5M | -29.3M | -78.9M | 80.3M |
| Asset Impairment Charge | 12.7M | 6.1M | 9.7M | 32.5M | 23.0M |
| Capital Expenditure Reported | -- | -30.5M | -10.8M | 0.00 | -24.4M |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash From Discontinued Financing Activities | -- | -- | -- | 0.00 | -40,000 |
| Cash From Discontinued Investing Activities | -- | -- | 0.00 | -33,000 | -2.8M |
| Cash From Discontinued Operating Activities | -354,000 | -416,000 | 414,000 | -164,000 | -4.4M |
| Common Stock Issuance | 8.9M | 14.1M | 168.7M | 14.1M | 14.6M |
| Gain Loss On Investment Securities | 37.4M | 49.8M | 7.6M | 4.4M | 9.7M |
| Gain Loss On Sale Of PPE | -- | -- | -- | 0.00 | -7.3M |
| Interest Paid Cff | -22.9M | -19.9M | -29.5M | -34.9M | -23.6M |
| Interest Received Cfi | -44.9M | -30.5M | -- | -- | -- |
| Interest Received Cfo | 33.6M | 23.9M | 17.6M | 6.8M | 2.2M |
| Long Term Debt Issuance | 354.4M | 366.9M | 181.3M | 0.00 | 500.0M |
| Long Term Debt Payments | -59.6M | -52.1M | -15.3M | -6.9M | -527.9M |
| Net Business Purchase And Sale | 16.8M | 0.00 | -- | 0.00 | 324,000 |
| Net Foreign Currency Exchange Gain Loss | 18.1M | 174,000 | -15.2M | -2.4M | -8.4M |
| Net Income From Continuing Operations | 522.2M | 300.6M | 105.8M | -49.4M | 19.4M |
| Net Long Term Debt Issuance | 294.8M | 314.8M | 166.0M | -6.9M | -27.9M |
| Net Other Financing Charges | -2.6M | -5.8M | -26.9M | 272,000 | -30.1M |
| Net Other Investing Changes | -51.7M | -9.8M | -17.9M | -30.1M | -25.0M |
| Operating Gains Losses | 53.4M | 51.9M | -2.7M | 5.0M | 18.5M |
| Other Cash Adjustment Outside Changein Cash | 354,000 | 416,000 | -770,000 | -356,000 | 0.00 |
| Pension And Employee Benefit Expense | 4.4M | 3.6M | 4.2M | 6.0M | 2.3M |
| Sale Of PPE | 5.9M | 6.2M | 1.6M | 4.3M | 10.4M |
| Taxes Refund Paid | -160.9M | -83.2M | -59.8M | -90.9M | -75.5M |