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 | 3.6B | 2.8B | 2.3B | 1.5B | 1.6B |
| Operating Revenue | 3.6B | 2.8B | 2.3B | 1.5B | 1.6B |
| Cost Of Revenue | 2.2B | 2.3B | 2.0B | 1.4B | 1.3B |
| Gross Profit | 1.4B | 549.0M | 296.8M | 48.4M | 367.9M |
| Selling General And Administration | 116.0M | 70.0M | 61.4M | 29.0M | 34.9M |
| General And Administrative Expense | 116.0M | 70.0M | 61.4M | 29.0M | 34.9M |
| Other Operating Expenses | 121.0M | 97.0M | 71.7M | 40.6M | 19.6M |
| Operating Expense | 267.0M | 199.0M | 214.1M | 114.7M | 86.3M |
| Operating Income | 1.1B | 350.0M | 82.7M | -66.3M | 281.7M |
| EBIT | 1.3B | 480.0M | -7.4M | -295.7M | 248.7M |
| Interest Expense | 55.0M | 48.0M | 51.4M | 5.3M | 3.7M |
| Interest Expense Non Operating | 55.0M | 48.0M | 51.4M | 5.3M | 3.7M |
| Net Interest Income | -58.0M | -54.0M | -57.2M | -7.7M | -8.7M |
| Other Income Expense | 158.0M | 136.0M | -84.3M | -227.0M | -28.0M |
| Special Income Charges | -29.0M | 137.0M | -102.7M | -258.9M | 32.2M |
| Restructuring And Mergern Acquisition | -- | 0.00 | 25.3M | 157.4M | 0.00 |
| Write Off | -- | -- | 78.6M | 99.1M | 0.00 |
| Gain On Sale Of Security | 187.0M | -1.0M | 11.7M | -13.1M | -64.5M |
| Earnings From Equity Interest | -- | 137.4M | 6.7M | 45.0M | 4.3M |
| Pretax Income | 1.2B | 432.0M | -58.8M | -301.0M | 245.0M |
| Tax Provision | 258.0M | 319.0M | 46.1M | 39.1M | 146.4M |
| Tax Effect Of Unusual Items | 33.2M | 20.4M | -36.4M | -71.3M | -8.6M |
| Net Income From Continuing And Discontinued Operation | 978.0M | 112.0M | -103.7M | -341.7M | 97.4M |
| Net Income From Continuing Operation Net Minority Interest | 978.0M | 112.0M | -103.7M | -341.7M | 97.4M |
| Net Income Including Noncontrolling Interests | 980.0M | 113.0M | -104.9M | -340.1M | 98.6M |
| Minority Interests | -2.0M | -1.0M | 1.2M | -1.6M | -1.1M |
| Net Income Common Stockholders | 978.0M | 112.0M | -103.7M | -341.7M | 97.4M |
| Net Income | 978.0M | 112.0M | -103.7M | -341.7M | 97.4M |
| EBITDA | 1.8B | 1.1B | 476.8M | 20.3M | 551.6M |
| Normalized EBITDA | 1.6B | 915.0M | 567.8M | 292.3M | 583.9M |
| Reconciled Depreciation | 497.0M | 571.0M | 484.2M | 316.0M | 303.0M |
| Basic EPS | 2.56 | 0.31 | -0.32 | -1.62 | 0.46 |
| Diluted EPS | 2.56 | 0.31 | -0.32 | -1.62 | 0.46 |
| Basic Average Shares | 381.5M | 363.4M | 326.5M | 210.5M | 210.3M |
| Diluted Average Shares | 381.6M | 363.4M | 326.5M | 210.5M | 210.4M |
| Total Unusual Items | 158.0M | 136.0M | -91.0M | -272.0M | -32.3M |
| Total Unusual Items Excluding Goodwill | 158.0M | 136.0M | -91.0M | -272.0M | -32.3M |
| Tax Rate For Calcs | 0.21 | 0.15 | 0.40 | 0.26 | 0.27 |
| Normalized Income | 853.2M | -3.6M | -49.1M | -141.0M | 121.2M |
| Diluted NI Availto Com Stockholders | 978.0M | 112.0M | -103.7M | -341.7M | 97.4M |
| Gain On Sale Of Business | -29.0M | 137.0M | -- | -- | -- |
| Gain On Sale Of Ppe | -- | -1.4M | 1.2M | -2.4M | 32.2M |
| Impairment Of Capital Assets | -- | 0.00 | 78.6M | 99.1M | 0.00 |
| Net Income Continuous Operations | 980.0M | 113.0M | -104.9M | -340.1M | 98.6M |
| Net Non Operating Interest Income Expense | -58.0M | -54.0M | -57.2M | -7.7M | -8.7M |
| Other Gand A | 116.0M | 70.0M | 61.4M | 29.0M | 34.9M |
| Reconciled Cost Of Revenue | 2.2B | 2.3B | 2.0B | 1.4B | 1.3B |
| Total Expenses | 2.5B | 2.5B | 2.2B | 1.6B | 1.4B |
| Total Operating Income As Reported | 1.2B | 531.0M | 38.1M | -262.3M | 320.9M |
| Total Other Finance Cost | 3.0M | 6.0M | 5.8M | 2.4M | 5.1M |
| 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 | 1.2B | 863.0M | 399.6M | 107.0M | 283.6M |
| Cash Cash Equivalents And Short Term Investments | 1.3B | 887.0M | 440.9M | 142.3M | 335.3M |
| Cash Equivalents | 72.0M | 0.00 | -- | -- | -- |
| Cash Financial | 1.1B | 863.0M | 399.6M | 107.0M | 283.6M |
| Other Short Term Investments | 104.0M | 24.0M | 41.3M | 35.3M | 51.7M |
| Accounts Receivable | 232.0M | 165.0M | 138.0M | 136.6M | 128.2M |
| Receivables | 256.0M | 195.0M | 200.9M | 176.6M | 148.4M |
| Inventory | 588.0M | 606.0M | 711.6M | 471.6M | 500.5M |
| Prepaid Assets | 29.0M | 32.0M | 29.7M | 11.0M | 13.0M |
| Other Current Assets | -- | -- | -- | 10.9M | 13.0M |
| Current Assets | 2.2B | 1.7B | 1.4B | 804.4M | 1.0B |
| Gross PPE | 9.9B | 9.5B | 9.6B | 5.9B | 5.6B |
| Accumulated Depreciation | -4.5B | -4.2B | -3.9B | -3.6B | -3.3B |
| Net PPE | 5.3B | 5.3B | 5.7B | 2.2B | 2.3B |
| Goodwill | -- | -- | -- | 2.8M | 2.8M |
| Goodwill And Other Intangible Assets | -- | -- | -- | 2.8M | 2.8M |
| Investments And Advances | 1.9B | 0.00 | 0.00 | 121.2M | 78.7M |
| Long Term Equity Investment | 1.9B | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Non Current Assets | 113.0M | 79.0M | 43.9M | 32.1M | 26.8M |
| Total Non Current Assets | 7.5B | 5.5B | 5.8B | 2.4B | 2.5B |
| Total Assets | 9.7B | 7.2B | 7.2B | 3.2B | 3.5B |
| Current Debt | 5.0M | 7.0M | 6.7M | 13.7M | -- |
| Current Debt And Capital Lease Obligation | 58.0M | 48.0M | 52.4M | 27.3M | 14.1M |
| Accounts Payable | 187.0M | 194.0M | 198.2M | 88.8M | 77.5M |
| Payables | 556.0M | 483.0M | 445.1M | 267.2M | 300.3M |
| Payables And Accrued Expenses | 713.0M | 591.0M | 530.1M | 333.8M | 365.2M |
| Current Accrued Expenses | 157.0M | 108.0M | 85.0M | 66.6M | 65.0M |
| Other Current Liabilities | -- | 13.0M | 100,000 | 1.8M | 351,000 |
| Current Liabilities | 817.0M | 687.0M | 624.2M | 380.8M | 387.7M |
| Long Term Debt | 709.0M | 702.0M | 697.0M | 180.0M | 11.9M |
| Long Term Debt And Capital Lease Obligation | 794.0M | 756.0M | 749.2M | 199.5M | 31.8M |
| Long Term Capital Lease Obligation | 85.0M | 54.0M | 52.2M | 19.5M | 19.9M |
| Other Non Current Liabilities | 4.0M | 3.0M | -- | -- | -- |
| Total Non Current Liabilities Net Minority Interest | 1.9B | 1.8B | 1.8B | 666.1M | 494.9M |
| Total Liabilities Net Minority Interest | 2.7B | 2.5B | 2.4B | 1.0B | 882.6M |
| Common Stock | 7.4B | 5.9B | 6.0B | 3.1B | 3.1B |
| Capital Stock | 7.4B | 5.9B | 6.0B | 3.1B | 3.1B |
| Retained Earnings | -513.0M | -1.3B | -1.3B | -1.0B | -598.0M |
| Gains Losses Not Affecting Retained Earnings | -32.0M | -31.0M | -30.3M | -3.0M | 0.00 |
| Other Equity Adjustments | -32.0M | -31.0M | -30.3M | -3.0M | -- |
| Common Stock Equity | 7.0B | 4.7B | 4.8B | 2.2B | 2.6B |
| Stockholders Equity | 7.0B | 4.7B | 4.8B | 2.2B | 2.6B |
| Total Equity Gross Minority Interest | 7.0B | 4.7B | 4.8B | 2.2B | 2.6B |
| Minority Interest | 4.0M | 13.0M | 11.8M | 6.1M | 4.5M |
| Total Capitalization | 7.7B | 5.4B | 5.5B | 2.4B | 2.6B |
| Net Tangible Assets | 7.0B | 4.7B | 4.8B | 2.2B | 2.6B |
| Tangible Book Value | 7.0B | 4.7B | 4.8B | 2.2B | 2.6B |
| Working Capital | 1.4B | 1.0B | 765.8M | 423.6M | 613.5M |
| Invested Capital | 7.7B | 5.4B | 5.5B | 2.4B | 2.6B |
| Total Debt | 852.0M | 804.0M | 801.6M | 226.8M | 45.9M |
| Net Debt | -- | -- | 304.1M | 86.7M | -- |
| Share Issued | 421.8M | 363.0M | 364.7M | 210.7M | 210.5M |
| Ordinary Shares Number | 421.8M | 363.0M | 364.7M | 210.7M | 210.5M |
| Available For Sale Securities | -- | -- | -- | 121.2M | 78.7M |
| Capital Lease Obligations | 138.0M | 95.0M | 97.9M | 33.1M | 30.6M |
| Current Capital Lease Obligation | 53.0M | 41.0M | 45.7M | 13.6M | 10.7M |
| Current Provisions | 46.0M | 35.0M | 41.6M | 17.9M | 8.0M |
| Employee Benefits | 68.0M | 57.0M | 58.5M | 6.3M | 4.9M |
| Hedging Assets Current | 4.0M | 0.00 | 6.9M | 2.9M | 4.0M |
| Income Tax Payable | 164.0M | 102.0M | 32.1M | 25.8M | 59.1M |
| Investmentin Financial Assets | -- | -- | 0.00 | 121.2M | 78.7M |
| Investmentsin Associatesat Cost | 1.9B | 0.00 | 0.00 | 0.00 | 0.00 |
| Long Term Provisions | 589.0M | 427.0M | 432.4M | 285.3M | 240.1M |
| Machinery Furniture Equipment | 2.3B | 2.2B | 2.1B | 1.3B | 1.3B |
| Non Current Accounts Receivable | 33.0M | 11.0M | 14.7M | 8.5M | 8.7M |
| Non Current Deferred Assets | 83.0M | 45.0M | 80.4M | 55.9M | 56.0M |
| Non Current Deferred Liabilities | 469.0M | 556.0M | 576.3M | 175.0M | 218.1M |
| Non Current Deferred Revenue | 13.0M | 13.0M | 13.1M | 13.9M | 12.5M |
| Non Current Deferred Taxes Assets | 83.0M | 45.0M | 80.4M | 55.9M | 56.0M |
| Non Current Deferred Taxes Liabilities | 435.0M | 522.0M | 541.6M | 140.3M | 184.8M |
| Non Current Note Receivables | 8.0M | 0.00 | -- | -- | -- |
| Non Current Pension And Other Postretirement Benefit Plans | 68.0M | 57.0M | 58.5M | 6.3M | 4.9M |
| Non Current Prepaid Assets | 23.0M | 23.0M | 9.0M | 0.00 | -- |
| Other Current Borrowings | 5.0M | 7.0M | 6.7M | 13.7M | -- |
| Other Equity Interest | 94.0M | 94.0M | 94.0M | 93.3M | 93.4M |
| Other Payable | 183.0M | 156.0M | 174.3M | 132.1M | 131.3M |
| Taxes Receivable | 24.0M | 30.0M | 62.9M | 40.0M | 20.3M |
| Total Tax Payable | 186.0M | 133.0M | 72.6M | 46.3M | 91.5M |
| Tradeand Other Payables Non Current | -- | -- | -- | 0.00 | 16,000 |
| Unrealized Gain Loss | -- | -- | -- | -3.0M | 0.00 |
| 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 | 1.3B | 724.0M | 450.2M | 31.8M | 392.1M |
| Cash Flow From Continuing Operating Activities | 1.3B | 724.0M | 450.2M | 31.8M | 392.1M |
| Depreciation And Amortization | 497.0M | 571.0M | 484.2M | 316.0M | 303.0M |
| Depreciation Amortization Depletion | 497.0M | 571.0M | 484.2M | 316.0M | 303.0M |
| Stock Based Compensation | 2.0M | 0.00 | 5.5M | 3.9M | 5.1M |
| Deferred Tax | 258.0M | 319.0M | 46.1M | 39.1M | 146.4M |
| Deferred Income Tax | 258.0M | 319.0M | 46.1M | 39.1M | 146.4M |
| Change In Working Capital | -29.0M | -103.0M | 53.2M | -42.0M | -71.1M |
| Change In Receivables | -82.0M | -61.0M | 45.9M | -12.6M | -2.9M |
| Change In Inventory | -10.0M | -68.0M | 38.5M | -49.9M | -82.9M |
| Change In Payables And Accrued Expense | 49.0M | 48.0M | -25.7M | 20.7M | 18.1M |
| Change In Other Working Capital | 10.0M | -3.0M | -14.9M | -2.7M | -4.4M |
| Other Non Cash Items | 46.0M | 75.0M | 53.8M | 117.8M | 19.8M |
| Capital Expenditure | -314.0M | -323.0M | -379.0M | -274.7M | -243.5M |
| Purchase Of PPE | -314.0M | -323.0M | -379.0M | -274.7M | -243.5M |
| Net PPE Purchase And Sale | -309.0M | -320.0M | -375.2M | -266.0M | -197.7M |
| Purchase Of Business | -543.0M | -16.0M | -194.1M | 0.00 | -- |
| Sale Of Business | 143.0M | 307.0M | 808.6M | 0.00 | -- |
| Purchase Of Investment | -31.0M | -6.0M | -- | -- | 0.00 |
| Sale Of Investment | 12.0M | 2.0M | 158.6M | 10.6M | 11.0M |
| Net Investment Purchase And Sale | -19.0M | -4.0M | 158.6M | 10.6M | 11.0M |
| Investing Cash Flow | -706.0M | -33.0M | 397.9M | -255.4M | -186.7M |
| Cash Flow From Continuing Investing Activities | -706.0M | -33.0M | 397.9M | -255.4M | -186.7M |
| Issuance Of Debt | -- | 0.00 | 315.0M | 167.1M | 0.00 |
| Repayment Of Debt | -59.0M | -57.0M | -747.5M | -20.0M | -14.1M |
| Net Issuance Payments Of Debt | -59.0M | -57.0M | -432.5M | 147.1M | -14.1M |
| Issuance Of Capital Stock | 3.0M | 1.0M | 0.00 | 900,000 | 619,000 |
| Repurchase Of Capital Stock | -46.0M | -24.0M | 0.00 | -- | -- |
| Net Common Stock Issuance | -43.0M | -23.0M | 0.00 | 900,000 | 619,000 |
| Common Stock Dividend Paid | -175.0M | -145.0M | -130.4M | -94.7M | -71.5M |
| Common Stock Payments | -46.0M | -24.0M | 0.00 | -- | -- |
| Financing Cash Flow | -278.0M | -225.0M | -551.8M | 53.0M | -85.9M |
| Cash Flow From Continuing Financing Activities | -278.0M | -225.0M | -551.8M | 53.0M | -85.9M |
| Effect Of Exchange Rate Changes | 3.0M | -3.0M | -3.7M | -6.0M | -3.1M |
| Changes In Cash | 349.0M | 466.0M | 296.3M | -170.6M | 119.5M |
| Beginning Cash Position | 863.0M | 400.0M | 107.0M | 283.6M | 167.1M |
| End Cash Position | 1.2B | 863.0M | 399.6M | 107.0M | 283.6M |
| Free Cash Flow | 1.0B | 401.0M | 71.2M | -242.9M | 148.6M |
| Asset Impairment Charge | -- | 0.00 | 78.6M | 99.1M | 0.00 |
| Cash Dividends Paid | -175.0M | -145.0M | -130.4M | -94.7M | -71.5M |
| Change In Prepaid Assets | 4.0M | -19.0M | 9.4M | 2.5M | 1.0M |
| Common Stock Issuance | 3.0M | 1.0M | 0.00 | 900,000 | 619,000 |
| Depreciation | -- | -- | -- | 316.0M | 303.0M |
| Dividends Received Cfi | 44.0M | 0.00 | -- | -- | -- |
| Earnings Losses From Equity Investments | -- | 0.00 | 400,000 | -45.0M | -4.3M |
| Gain Loss On Investment Securities | -195.0M | 39.0M | -9.3M | -7.7M | -6.0M |
| Gain Loss On Sale Of Business | 29.0M | -137.0M | -6.7M | -- | -- |
| Gain Loss On Sale Of PPE | 0.00 | 1.0M | -1.2M | 2.4M | -32.2M |
| Interest Paid Cfo | -38.0M | -37.0M | -45.1M | -6.6M | -5.2M |
| Interest Received Cfo | 29.0M | 14.0M | 17.2M | 3.2M | 172,000 |
| Long Term Debt Issuance | -- | 0.00 | 315.0M | 167.1M | 0.00 |
| Long Term Debt Payments | -59.0M | -57.0M | -747.5M | -20.0M | -14.1M |
| Net Business Purchase And Sale | -400.0M | 291.0M | 614.5M | 0.00 | -- |
| Net Foreign Currency Exchange Gain Loss | 23.0M | -21.0M | 5.6M | 12.9M | 6.7M |
| Net Income From Continuing Operations | 980.0M | 113.0M | -104.9M | -340.1M | 98.6M |
| Net Long Term Debt Issuance | -59.0M | -57.0M | -432.5M | 147.1M | -14.1M |
| Net Other Financing Charges | -1.0M | 100,000 | 11.1M | -300,000 | -933,000 |
| Net Other Investing Changes | -22.0M | -- | -- | -- | -- |
| Net Short Term Debt Issuance | -- | -- | -- | -- | 0.00 |
| Operating Gains Losses | -143.0M | -118.0M | -11.2M | -37.4M | -35.8M |
| Provisionand Write Offof Assets | 49.0M | 54.0M | 15.7M | -- | -- |
| Sale Of PPE | 5.0M | 3.0M | 3.8M | 8.7M | 45.8M |
| Short Term Debt Issuance | -- | -- | -- | -- | 0.00 |
| Short Term Debt Payments | -- | -- | -- | -- | 0.00 |
| Taxes Refund Paid | -318.0M | -164.0M | -149.4M | -137.8M | -129.2M |
| Unrealized Gain Loss On Investment Securities | -- | 14.3M | 6.5M | 16.6M | 60.4M |