Earnings per share

12 Months Ended

Dec. 31, 2025

Note 11. Earnings per share

11.1 Basic

Basic earnings per share is calculated by dividing the Company’s profit by the weighted average number of ordinary shares outstanding during the year.


	Year ended December 31, 2025		Year ended December 31, 2024		Year ended December 31, 2023
Profit for the year, net		719,063		477,521		396,955
Weighted average number of ordinary shares		102,499,637		95,906,449		93,679,904

Basic earnings per share		7.015		4.979		4.237

11.2 Diluted

Diluted earnings per share is calculated by dividing the Company’s profit by the weighted average number of ordinary shares outstanding during the year, plus the weighted average of dilutive potential ordinary shares.

Potential ordinary shares will be considered dilutive when their conversion to ordinary shares may reduce earnings per share or increase losses per share. They will be considered antidilutive when their conversion to ordinary shares may result in an increase in earnings per share or a reduction in loss per share.

The calculation of diluted earnings per share does not involve a conversion; the exercise or other issue of shares that may have an antidilutive effect on loss per share, or when the exercise price is higher than the average price of ordinary shares during the year, no dilution effect is booked, as diluted earnings per share is equal to basic earnings per share.


	Year ended December 31, 2025		Year ended December 31, 2024		Year ended December 31, 2023
Profit for the year, net		719,063		477,521		396,955
Weighted average number of ordinary shares (1)		107,212,399		103,077,629		99,232,919

Diluted earnings per share		6.707		4.633		4.000

(1)	As of December 31, 2025, the Company has 104,299,705 outstanding shares that cannot exceed 106,078,535 shares. Likewise, in accordance with IFRS accounting standard the average number of ordinary shares with a potential dilutive effect amounts to 107,212,399.