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 | 441.6M | 40.8M | 0.00 | 0.00 | 0.00 |
| Operating Revenue | 441.6M | 40.8M | 0.00 | 0.00 | 0.00 |
| Cost Of Revenue | 424.7M | 51.6M | 0.00 | 33.9M | 52.2M |
| Gross Profit | 17.0M | -10.7M | 0.00 | -33.9M | -52.2M |
| Selling General And Administration | 59.8M | 70.6M | 68.2M | 44.9M | 43.5M |
| General And Administrative Expense | 59.8M | 70.6M | 68.2M | 44.9M | 43.5M |
| Depreciation And Amortization In Income Statement | 2.9M | 3.5M | 1.9M | -- | -- |
| Other Operating Expenses | 47.8M | 48.1M | 22.7M | 50.5M | 67.2M |
| Operating Expense | 110.4M | 122.3M | 92.7M | 95.4M | 110.7M |
| Operating Income | -93.4M | -133.0M | -92.7M | -95.4M | -110.7M |
| EBIT | 248.9M | 188.4M | 287.2M | 338.0M | 3.3M |
| Interest Expense | -1.2M | 9.3M | -8.1M | 17.3M | 32.9M |
| Interest Expense Non Operating | -1.2M | 9.3M | -8.1M | 17.3M | 32.9M |
| Interest Income | 173.7M | 241.3M | 239.5M | 175.3M | 102.3M |
| Interest Income Non Operating | 173.7M | 241.3M | 239.5M | 175.3M | 102.3M |
| Net Interest Income | 131.1M | 192.4M | 208.1M | 137.2M | 69.4M |
| Other Income Expense | 212.4M | 119.7M | 180.0M | 278.9M | 11.7M |
| Other Non Operating Income Expenses | 3.7M | 4.4M | 2.8M | 2.9M | -151,000 |
| Special Income Charges | -- | -50,000 | -8.0M | 4.5M | 0.00 |
| Write Off | -- | 0.00 | 10.7M | -4.6M | 0.00 |
| Gain On Sale Of Security | 28.1M | -176.6M | -89.7M | 17.2M | -93.9M |
| Earnings From Equity Interest | 180.6M | 291.9M | 274.8M | 254.2M | 105.7M |
| Pretax Income | 250.1M | 179.1M | 295.3M | 320.7M | -29.6M |
| Tax Provision | 22.1M | -14.2M | -7.7M | -113.4M | -74.9M |
| Tax Effect Of Unusual Items | 2.5M | -26.5M | -39.1M | 5.7M | -24.9M |
| Net Income From Continuing And Discontinued Operation | 261.6M | 228.1M | 318.9M | 410.9M | 55.2M |
| Net Income From Continuing Operation Net Minority Interest | 261.6M | 228.1M | 318.9M | 410.9M | 55.2M |
| Net Income Including Noncontrolling Interests | 228.0M | 193.3M | 302.9M | 434.1M | 45.3M |
| Minority Interests | 33.6M | 34.8M | 16.0M | -23.2M | 9.9M |
| Net Income Common Stockholders | 261.6M | 228.1M | 318.9M | 410.9M | 55.2M |
| Net Income | 261.6M | 228.1M | 318.9M | 410.9M | 55.2M |
| EBITDA | 324.6M | 208.1M | 289.5M | 343.9M | 12.9M |
| Normalized EBITDA | 296.5M | 384.7M | 387.2M | 322.1M | 106.8M |
| Reconciled Depreciation | 75.7M | 19.7M | 2.3M | 5.9M | 9.6M |
| Basic EPS | 0.19 | 0.17 | 0.26 | 0.34 | 0.05 |
| Diluted EPS | 0.19 | 0.17 | 0.26 | 0.33 | 0.05 |
| Basic Average Shares | 1.4B | 1.3B | 1.2B | 1.2B | 1.2B |
| Diluted Average Shares | 1.4B | 1.3B | 1.2B | 1.2B | 1.2B |
| Total Unusual Items | 28.1M | -176.6M | -97.7M | 21.8M | -93.9M |
| Total Unusual Items Excluding Goodwill | 28.1M | -176.6M | -97.7M | 21.8M | -93.9M |
| Tax Rate For Calcs | 0.09 | 0.15 | 0.40 | 0.26 | 0.27 |
| Normalized Income | 235.9M | 378.2M | 377.6M | 394.8M | 124.3M |
| Depreciation Amortization Depletion Income Statement | 2.9M | 3.5M | 1.9M | -- | -- |
| Depreciation Income Statement | 2.9M | 3.5M | 1.9M | -- | -- |
| Diluted NI Availto Com Stockholders | 261.6M | 228.1M | 318.9M | 410.9M | 55.2M |
| Gain On Sale Of Ppe | -- | -50,000 | 2.8M | -26,000 | -- |
| Net Income Continuous Operations | 228.0M | 193.3M | 302.9M | 434.1M | 45.3M |
| Net Non Operating Interest Income Expense | 131.1M | 192.4M | 208.1M | 137.2M | 69.4M |
| Other Gand A | 22.9M | 24.8M | 23.1M | 4.0M | 7.4M |
| Reconciled Cost Of Revenue | 351.8M | 35.4M | 0.00 | 33.9M | 52.2M |
| Salaries And Wages | 36.9M | 45.8M | 45.0M | 40.9M | 36.1M |
| Total Expenses | 535.0M | 173.8M | 92.7M | 95.4M | 110.7M |
| Total Operating Income As Reported | 113.5M | 148.5M | 179.1M | 161.3M | -4.9M |
| Total Other Finance Cost | 43.8M | 39.5M | 39.5M | 20.8M | -3,000 |
| 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 | 764.3M | 102.1M | 560.3M | 597.5M | 608.2M |
| Cash Cash Equivalents And Short Term Investments | 865.0M | 102.1M | 560.3M | 597.5M | 608.2M |
| Other Short Term Investments | 100.7M | 0.00 | -- | -- | -- |
| Accounts Receivable | -- | -- | -- | -- | 1.4M |
| Receivables | 165.4M | 76.6M | 23.0M | 35.7M | 72.6M |
| Inventory | 66.3M | 85.7M | 1.5M | 1.0M | 995,000 |
| Prepaid Assets | 18.1M | 19.0M | 50.0M | 28.5M | 4.9M |
| Current Assets | 1.1B | 298.6M | 648.8M | 662.7M | 686.7M |
| Gross PPE | 2.6B | 2.1B | 1.5B | 902.8M | 781.4M |
| Accumulated Depreciation | -162.3M | -88.5M | -66.1M | -51.2M | -39.1M |
| Net PPE | 2.4B | 2.0B | 1.4B | 902.8M | 742.3M |
| Goodwill And Other Intangible Assets | 29.7M | 10.0M | -- | -- | -- |
| Other Intangible Assets | 29.7M | 10.0M | -- | -- | -- |
| Investments And Advances | 3.7B | 3.1B | 2.6B | 2.1B | 1.6B |
| Long Term Equity Investment | 3.6B | 3.0B | 2.5B | 2.0B | 1.6B |
| Other Non Current Assets | 17.9M | 9.0M | 4.2M | 4.4M | 3.9M |
| Total Non Current Assets | 6.5B | 5.4B | 4.4B | 3.3B | 2.5B |
| Total Assets | 7.6B | 5.7B | 5.0B | 4.0B | 3.2B |
| Current Debt | 342.5M | 97.5M | 886.2M | 686.6M | 3.0M |
| Current Debt And Capital Lease Obligation | 343.3M | 98.2M | 886.9M | 687.2M | 3.8M |
| Accounts Payable | 94.4M | 118.9M | 96.9M | 61.6M | 22.8M |
| Payables | 148.1M | 137.5M | 108.9M | 61.6M | 26.8M |
| Payables And Accrued Expenses | 148.1M | 137.5M | 108.9M | 61.6M | 26.8M |
| Current Deferred Revenue | 12.8M | 995,000 | 0.00 | 0.00 | -- |
| Other Current Liabilities | 4.5M | 1.8M | 1.5M | 2.0M | 1.4M |
| Current Liabilities | 508.7M | 238.6M | 997.3M | 750.8M | 32.0M |
| Long Term Debt | 913.8M | 261.0M | 56.3M | 43.9M | 475.6M |
| Long Term Debt And Capital Lease Obligation | 923.4M | 271.0M | 67.1M | 54.7M | 486.9M |
| Long Term Capital Lease Obligation | 9.7M | 10.0M | 10.8M | 10.8M | 11.2M |
| Other Non Current Liabilities | 10.6M | 11.1M | 9.7M | 9.0M | 8.3M |
| Total Non Current Liabilities Net Minority Interest | 1.4B | 663.4M | 422.0M | 377.3M | 809.3M |
| Total Liabilities Net Minority Interest | 1.9B | 901.9M | 1.4B | 1.1B | 841.2M |
| Common Stock | 4.4B | 3.9B | 2.8B | 2.3B | 2.3B |
| Capital Stock | 4.4B | 3.9B | 2.8B | 2.3B | 2.3B |
| Retained Earnings | 1.3B | 1.0B | 819.2M | 509.8M | 98.9M |
| Gains Losses Not Affecting Retained Earnings | 3.9M | -69.8M | -58.8M | -63.8M | -62.5M |
| Common Stock Equity | 5.9B | 5.0B | 3.7B | 2.9B | 2.5B |
| Stockholders Equity | 5.9B | 5.0B | 3.7B | 2.9B | 2.5B |
| Total Equity Gross Minority Interest | 5.7B | 4.8B | 3.6B | 2.8B | 2.4B |
| Minority Interest | -179.5M | -153.6M | -117.5M | -93.5M | -116.8M |
| Total Capitalization | 6.8B | 5.3B | 3.8B | 3.0B | 3.0B |
| Net Tangible Assets | 5.9B | 5.0B | 3.7B | 2.9B | 2.5B |
| Tangible Book Value | 5.9B | 5.0B | 3.7B | 2.9B | 2.5B |
| Working Capital | 626.4M | 60.1M | -348.4M | -88.2M | 654.8M |
| Invested Capital | 7.2B | 5.3B | 4.6B | 3.7B | 3.0B |
| Total Debt | 1.3B | 369.2M | 954.0M | 741.9M | 490.6M |
| Net Debt | 491.9M | 256.3M | 382.3M | 133.1M | 18.1M |
| Share Issued | 1.4B | 1.4B | 1.3B | 1.2B | 1.2B |
| Ordinary Shares Number | 1.4B | 1.4B | 1.3B | 1.2B | 1.2B |
| Buildings And Improvements | 70.4M | 42.8M | 16.7M | 16.3M | 16.0M |
| Capital Lease Obligations | 10.5M | 10.8M | 11.4M | 11.3M | 12.0M |
| Construction In Progress | 1.3B | 882.1M | 948.9M | 450.4M | 420.1M |
| Current Capital Lease Obligation | 844,000 | 725,000 | 675,000 | 546,000 | 729,000 |
| Current Deferred Liabilities | 12.8M | 995,000 | 0.00 | 0.00 | -- |
| Derivative Product Liabilities | -- | -- | 306.6M | 221.3M | 244.2M |
| Duefrom Related Parties Current | -- | -- | -- | -- | 6.0M |
| Employee Benefits | -- | -- | -- | 9.0M | 8.3M |
| Financial Assets Designatedas Fair Value Through Profitor Loss Total | 85.2M | 81.6M | 84.5M | 9.7M | 1.8M |
| Finished Goods | 47.0M | 67.0M | -- | -- | -- |
| Foreign Currency Translation Adjustments | 3.9M | -69.8M | -58.8M | -63.8M | -62.5M |
| Investmentin Financial Assets | 85.2M | 81.6M | 84.5M | 9.7M | 1.8M |
| Investmentsin Joint Venturesat Cost | 3.6B | 3.0B | 2.5B | 2.0B | 1.6B |
| Land And Improvements | 1.6M | 1.5M | 1.5M | 1.7M | 1.8M |
| Loans Receivable | 14.1M | 8.0M | 0.00 | 19.6M | 61.7M |
| Long Term Provisions | 23.2M | 21.6M | 14.6M | 1.1M | 327,000 |
| Machinery Furniture Equipment | 359.0M | 323.4M | 113.5M | 71.3M | 60.1M |
| Non Current Accounts Receivable | 98.0M | 54.4M | 25.1M | 15.1M | -- |
| Non Current Deferred Assets | 209.9M | 242.7M | 223.6M | 208.4M | 73.2M |
| Non Current Deferred Liabilities | 434.8M | 359.7M | 330.6M | 312.5M | 69.6M |
| Non Current Deferred Revenue | 434.8M | 359.7M | 328.1M | 310.7M | 69.6M |
| Non Current Deferred Taxes Assets | 209.9M | 242.7M | 223.6M | 208.4M | 73.2M |
| Non Current Deferred Taxes Liabilities | -- | 0.00 | 2.5M | 1.8M | 0.00 |
| Non Current Note Receivables | 32.2M | 40.3M | 72.8M | 119.2M | 68.5M |
| Non Current Prepaid Assets | -- | -- | -- | -- | 3.9M |
| Notes Receivable | 31.3M | 26.9M | 0.00 | 0.00 | -- |
| Other Current Borrowings | 342.5M | 97.5M | 886.2M | 686.6M | 3.0M |
| Other Equity Interest | 149.7M | 153.1M | 147.9M | 141.5M | 141.1M |
| Other Payable | 41.4M | 10.3M | 6.1M | 3.8M | 55,000 |
| Other Properties | 4.4M | 5.2M | 5.5M | 637.8M | 8.1M |
| Other Receivables | 120.0M | 41.6M | 22.5M | 15.7M | 1.2M |
| Pensionand Other Post Retirement Benefit Plans Current | -- | -- | -- | 2.0M | 1.4M |
| Raw Materials | 14.5M | 15.3M | 1.5M | 1.0M | 995,000 |
| Receivables Adjustments Allowances | -- | -- | -- | -- | -1,000 |
| Restricted Cash | 20.3M | 15.3M | 14.0M | 13.6M | -- |
| Taxes Receivable | 0.00 | 109,000 | 542,000 | 364,000 | 2.3M |
| Total Tax Payable | 12.3M | 8.3M | 5.9M | 3.7M | 4.0M |
| Tradeand Other Payables Non Current | -- | -- | -- | -- | 2.9M |
| Work In Process | 4.9M | 3.4M | -- | -- | -- |
| 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 | -127.5M | -152.4M | -31.6M | 177.0M | -7.1M |
| Cash Flow From Continuing Operating Activities | -127.5M | -152.4M | -31.6M | 177.0M | -7.1M |
| Depreciation And Amortization | 75.7M | 19.7M | 2.3M | 5.9M | 9.6M |
| Depreciation Amortization Depletion | 75.7M | 19.7M | 2.3M | 5.9M | 9.6M |
| Stock Based Compensation | 18.4M | 27.9M | 29.3M | 27.2M | 20.0M |
| Deferred Tax | -- | -- | -- | -3,000 | 3,000 |
| Deferred Income Tax | -- | -- | -- | -3,000 | 3,000 |
| Change In Working Capital | -92.8M | -65.0M | 8.5M | 6.3M | 811,000 |
| Change In Receivables | -- | -48.4M | -16.8M | -5.0M | -4.3M |
| Change In Inventory | -- | -76.2M | -510,000 | -16,000 | 22,000 |
| Change In Payables And Accrued Expense | -- | 28.6M | 47.3M | 34.8M | 4.1M |
| Change In Payable | -- | 28.6M | 47.3M | 34.8M | 4.1M |
| Change In Other Working Capital | -- | -- | -- | -- | 2.0M |
| Other Non Cash Items | -128.6M | -192.3M | -200.9M | 72.5M | 1.1M |
| Capital Expenditure | -341.8M | -491.7M | -477.9M | -158.7M | -52.6M |
| Purchase Of PPE | -341.8M | -491.7M | -477.9M | -158.7M | -52.0M |
| Net PPE Purchase And Sale | -338.7M | -491.6M | -472.6M | -158.5M | -51.8M |
| Purchase Of Business | -219.7M | -53,000 | -44,000 | -39,000 | -3.2M |
| Sale Of Business | 2.4M | 802,000 | 0.00 | -- | -- |
| Purchase Of Investment | -100.7M | 0.00 | 0.00 | -13.3M | 0.00 |
| Net Investment Purchase And Sale | -100.7M | 0.00 | 0.00 | -13.3M | 0.00 |
| Investing Cash Flow | -665.7M | -495.4M | -477.0M | -173.6M | -208.6M |
| Cash Flow From Continuing Investing Activities | -665.7M | -495.4M | -477.0M | -173.6M | -208.6M |
| Issuance Of Debt | 891.5M | 306.0M | 98.2M | 0.00 | 564.5M |
| Repayment Of Debt | -13.3M | -85.9M | -1.8M | -714,000 | -716,000 |
| Net Issuance Payments Of Debt | 878.2M | 220.1M | 96.4M | -714,000 | 563.8M |
| Issuance Of Capital Stock | 564.5M | 0.00 | 429.7M | 0.00 | -- |
| Net Common Stock Issuance | 564.5M | 0.00 | 429.7M | 0.00 | -- |
| Financing Cash Flow | 1.4B | 206.9M | 500.3M | -9.6M | 562.0M |
| Cash Flow From Continuing Financing Activities | 1.4B | 206.9M | 500.3M | -9.6M | 562.0M |
| Effect Of Exchange Rate Changes | 40.4M | -16.1M | -14.9M | -4.5M | -946,000 |
| Changes In Cash | 626.8M | -440.9M | -8.3M | -6.2M | 346.3M |
| Beginning Cash Position | 117.3M | 574.3M | 597.5M | 608.2M | 262.8M |
| End Cash Position | 784.5M | 117.3M | 574.3M | 597.5M | 608.2M |
| Free Cash Flow | -469.3M | -644.1M | -509.5M | 18.3M | -59.7M |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change In Prepaid Assets | -- | 31.0M | -21.5M | -23.5M | -1.0M |
| Common Stock Issuance | 564.5M | 0.00 | 429.7M | 0.00 | -- |
| Depreciation | 75.7M | 19.7M | 2.3M | 5.9M | 9.6M |
| Earnings Losses From Equity Investments | -180.6M | -291.9M | -274.8M | -254.2M | -105.7M |
| Gain Loss On Investment Securities | 3.1M | 164.2M | 85.3M | -22.9M | 93.7M |
| Gain Loss On Sale Of PPE | -- | -- | -2.8M | 26,000 | 454,000 |
| Interest Paid Cff | 0.00 | -10.1M | -14.4M | -14.4M | -8.3M |
| Interest Paid Cfo | -66.5M | -17.7M | -3.0M | -141,000 | -96,000 |
| Interest Received Cfo | 31.2M | 15.0M | 21.6M | 14.6M | 2.3M |
| Long Term Debt Issuance | 891.5M | 306.0M | 98.2M | 0.00 | 564.5M |
| Long Term Debt Payments | -13.3M | -84.7M | -1.8M | -714,000 | -716,000 |
| Net Business Purchase And Sale | -217.4M | 749,000 | -44,000 | -39,000 | -3.2M |
| Net Foreign Currency Exchange Gain Loss | -28.8M | 9.9M | 2.1M | 2.3M | 261,000 |
| Net Income From Continuing Operations | 250.1M | 179.1M | 295.3M | 320.7M | -29.6M |
| Net Intangibles Purchase And Sale | -- | -- | -- | 0.00 | -557,000 |
| Net Long Term Debt Issuance | 878.2M | 221.3M | 96.4M | -714,000 | 563.8M |
| Net Other Financing Charges | -40.4M | -6.6M | -16.5M | -118,000 | -- |
| Net Other Investing Changes | -8.9M | -4.6M | -4.4M | -1.7M | -153.1M |
| Net Short Term Debt Issuance | 0.00 | -1.2M | 0.00 | -- | -- |
| Operating Gains Losses | -206.3M | -117.8M | -187.5M | -274.7M | -11.3M |
| Proceeds From Stock Option Exercised | 17.6M | 3.5M | 5.1M | 5.5M | 6.5M |
| Provisionand Write Offof Assets | -- | -- | -1.2M | 1.0M | 0.00 |
| Purchase Of Intangibles | -- | -- | -- | 0.00 | -557,000 |
| Sale Of PPE | 3.1M | 123,000 | 5.3M | 117,000 | 280,000 |
| Short Term Debt Payments | 0.00 | -1.2M | 0.00 | -- | -- |
| Taxes Refund Paid | -3.7M | -3.3M | -623,000 | -13,000 | -74,000 |
| Unrealized Gain Loss On Investment Securities | -4.9M | 2.0M | 3.4M | 3.6M | 266,000 |