Board Change • May 20
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Feb 18
Full year 2025 earnings released: EPS: US$0.28 (vs US$0.044 in FY 2024) Full year 2025 results: EPS: US$0.28 (up from US$0.044 in FY 2024). Revenue: US$28.4m (up 18% from FY 2024). Net income: US$7.30m (up 216% from FY 2024). Profit margin: 26% (up from 9.6% in FY 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Feb 03
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 24
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Nov 24
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Sep 18
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Sep 03
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Mar 18
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Feb 19
Full year 2024 earnings released: EPS: US$0.044 (vs US$0.062 in FY 2023) Full year 2024 results: EPS: US$0.044 (down from US$0.062 in FY 2023). Revenue: US$24.0m (down 9.9% from FY 2023). Net income: US$2.31m (down 29% from FY 2023). Profit margin: 9.6% (down from 12% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Board Change • Feb 12
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jan 17
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 11
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 29
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: US$6.10m (down 12% from 3Q 2023). Net income: US$775.0k (up US$782.0k from 3Q 2023). Profit margin: 13% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 31
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: US$7.13m (up 24% from 2Q 2023). Net income: US$707.0k (down 37% from 2Q 2023). Profit margin: 9.9% (down from 20% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to S/2.98, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 14x in the Commercial Services industry in South America. Total loss to shareholders of 24% over the past three years. Reported Earnings • May 03
First quarter 2024 earnings released First quarter 2024 results: Revenue: US$6.98m (up 5.7% from 1Q 2023). Net income: US$1.07m (up 10.0% from 1Q 2023). Profit margin: 15% (in line with 1Q 2023). New Risk • Feb 23
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 12% Last year net profit margin: 27% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (S/198.5m market cap, or US$52.3m). Reported Earnings • Jul 29
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: US$5.77m (up 12% from 2Q 2022). Net income: US$1.13m (up US$1.84m from 2Q 2022). Profit margin: 20% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. No independent directors (5 non-independent directors). Chairman of the Board of Directors and Corporate General Manager Fernando Café Barcellos was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Jul 27
Second quarter 2022 earnings released: US$0.014 loss per share (vs US$0 in 2Q 2021) Second quarter 2022 results: US$0.014 loss per share (down from US$0 in 2Q 2021). Revenue: US$5.15m (down 17% from 2Q 2021). Net loss: US$718.0k (loss widened US$692.0k from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. No independent directors (5 non-independent directors). Chairman of the Board of Directors and Corporate General Manager Fernando Café Barcellos was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Feb 18
Full year 2020 earnings released: US$0.095 loss per share (vs US$0.005 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$18.5m (down 17% from FY 2019). Net loss: US$4.98m (loss widened US$4.70m from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 14
New 90-day high: S/3.90 The company is up 8.0% from its price of S/3.60 on 13 November 2020. The Peruvian market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is down 7.0% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: S/3.70 The company is up 6.0% from its price of S/3.50 on 04 September 2020. The Peruvian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 7.0% over the same period. Is New 90 Day High Low • Nov 06
New 90-day high: S/3.60 The company is up 6.0% from its price of S/3.40 on 07 August 2020. The Peruvian market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 6.0% over the same period.