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 |
|---|---|---|---|---|---|
| Revenue | 4.5B | 5.1B | 6.4B | 7.5B | 6.8B |
| Revenue Growth % | -11.3% | -21.0% | -14.8% | 11.6% | -- |
| Total Revenue | 4.5B | 5.1B | 6.4B | 7.5B | 6.8B |
| Cost Of Revenue | 4.1B | 4.6B | 5.5B | 6.2B | 5.4B |
| Gross Profit | 393.0M | 454.0M | 936.0M | 1.3B | 1.3B |
| Gross Margin % | 8.7% | 9.0% | 14.6% | 17.7% | 19.4% |
| Total Operating Cost | 4.5B | 5.1B | 6.3B | 7.0B | 6.2B |
| Selling Expenses | 65.1M | 82.4M | 76.5M | 68.0M | 58.2M |
| Admin Expenses | 271.0M | 321.0M | 528.0M | 594.0M | 590.0M |
| Rd Expenses | 48.8M | 57.6M | 78.7M | 77.3M | 37.3M |
| Finance Expenses | -24.5M | -33.2M | -59.1M | -59.3M | -47.8M |
| Operating Income | 34.5M | 5.7M | 174.0M | 468.0M | 464.0M |
| Operating Margin % | 0.8% | 0.1% | 2.7% | 6.2% | 6.9% |
| Non Operating Income | 23.9M | 42.4M | 18.1M | 6.9M | 2.3M |
| Non Operating Expenses | 4.3M | 2.1M | 5.4M | 3.2M | 6.2M |
| Investment Income | 10.8M | 34.2M | 38.9M | -85.9M | -110.0M |
| Asset Disposal Income | 26.4M | 298,800 | 23.5M | 6.8M | 30.7M |
| Asset Impairment Loss | 3.1M | 11.0M | 172.0M | 72.1M | 53.0M |
| Other Income | 21.9M | 15.6M | 11.2M | 14.0M | 8.3M |
| Income Before Tax | 54.1M | 46.0M | 187.0M | 471.0M | 460.0M |
| Income Tax | 22.6M | 24.9M | 40.6M | 105.0M | 7.6M |
| Net Income | 31.5M | 21.1M | 146.0M | 367.0M | 452.0M |
| Net Margin % | 0.7% | 0.4% | 2.3% | 4.9% | 6.7% |
| Net Income Attributable | 31.8M | 21.2M | 150.0M | 367.0M | 446.0M |
| Minority Interest | -261,000 | -100,000 | -3.7M | -726,400 | 5.9M |
| Eps Basic | 0.02 | 0.01 | 0.10 | 0.23 | 0.28 |
| Eps Diluted | 0.02 | 0.01 | 0.10 | 0.23 | 0.28 |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash And Equivalents | 2.0B | 2.3B | 2.8B | 3.5B | 2.7B |
| Trading Financial Assets | 340.0M | 1.3B | 1.3B | 910.0M | 646.0M |
| Accounts Receivable | 177.0M | 118.0M | 80.3M | 69.7M | 150.0M |
| Notes Receivable | 59.8M | 185.0M | -- | 31.8M | 29.9M |
| Notes And Accounts Receivable | 237.0M | 303.0M | 80.3M | 101.0M | 180.0M |
| Prepayments | 460.0M | 668.0M | 591.0M | 327.0M | 233.0M |
| Inventory | 678.0M | 666.0M | 645.0M | 675.0M | 602.0M |
| Total Current Assets | 3.9B | 5.4B | 5.5B | 5.6B | 4.6B |
| Long Term Equity Investment | 19.2M | 18.0M | 20.6M | 36.7M | 120.0M |
| Fixed Assets | 4.1B | 4.1B | 3.8B | 3.9B | 4.1B |
| Fixed Assets Total | 4.1B | 4.1B | 3.8B | 3.9B | 4.1B |
| Construction In Progress | 642.0M | 599.0M | 527.0M | 328.0M | 283.0M |
| Construction In Progress Total | 642.0M | 601.0M | 530.0M | 328.0M | 283.0M |
| Intangible Assets | 401.0M | 382.0M | 112.0M | 131.0M | 135.0M |
| Long Term Deferred Expenses | 65.9M | 71.0M | 54.7M | 60.9M | 62.9M |
| Total Non Current Assets | 5.5B | 5.5B | 4.9B | 4.8B | 5.1B |
| Total Assets | 9.4B | 10.9B | 10.4B | 10.5B | 9.7B |
| Short Term Borrowings | -- | 320.0M | -- | 150.0M | -- |
| Accounts Payable | 262.0M | 271.0M | 289.0M | 253.0M | 248.0M |
| Advance Receipts | 40,000 | 3,900 | -- | -- | -- |
| Contract Liabilities | 194.0M | 204.0M | 184.0M | 263.0M | 164.0M |
| Total Current Liabilities | 2.8B | 4.0B | 3.3B | 3.3B | 2.8B |
| Long Term Borrowings | 15.7M | 187.0M | 366.0M | 537.0M | 700.0M |
| Total Non Current Liabilities | 272.0M | 530.0M | 687.0M | 899.0M | 1.1B |
| Total Liabilities | 3.1B | 4.5B | 4.0B | 4.2B | 3.8B |
| Paid In Capital | 1.6B | 1.6B | 1.6B | 1.6B | 1.6B |
| Capital Reserve | 5.8B | 5.8B | 5.8B | 5.8B | 5.8B |
| Surplus Reserve | 460.0M | 460.0M | 460.0M | 460.0M | 460.0M |
| Retained Earnings | -1.4B | -1.4B | -1.4B | -1.6B | -2.0B |
| Minority Equity | 5.3M | 5.6M | 5.7M | 2.7M | 3.4M |
| Equity Attributable | 6.3B | 6.4B | 6.4B | 6.3B | 5.9B |
| Total Equity | 6.4B | 6.4B | 6.4B | 6.3B | 5.9B |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash From Sales | 4.4B | 5.9B | 6.5B | 8.0B | 6.1B |
| Tax Refunds Received | 20.6M | 4.6M | -- | 98.4M | -- |
| Total Operating Cash Inflow | 4.5B | 6.1B | 6.6B | 8.2B | 6.2B |
| Cash Paid For Goods | 3.5B | 4.8B | 4.8B | 6.4B | 4.8B |
| Cash Paid To Employees | 502.0M | 571.0M | 579.0M | 512.0M | 468.0M |
| Taxes Paid | 117.0M | 203.0M | 177.0M | 257.0M | 172.0M |
| Total Operating Cash Outflow | 4.3B | 5.7B | 5.6B | 7.3B | 5.5B |
| Operating Cash Flow | 232.0M | 340.0M | 1.0B | 892.0M | 643.0M |
| Total Investing Cash Inflow | 2.1B | 3.4B | 2.2B | 1.8B | 1.3B |
| Total Investing Cash Outflow | 2.0B | 3.5B | 2.9B | 2.2B | 2.0B |
| Investing Cash Flow | 118.0M | -85.2M | -697.0M | -396.0M | -631.0M |
| Cash From Borrowings | 15.7M | 100.0M | -- | 214.0M | -- |
| Dividends And Interest Paid | 22.3M | 35.7M | 50.8M | 78.1M | 81.9M |
| Debt Repayments | 577.0M | 456.0M | 314.0M | 220.0M | 85.6M |
| Total Financing Cash Inflow | 1.4B | 1.2B | 2.1B | 2.2B | 1.5B |
| Total Financing Cash Outflow | 1.7B | 2.1B | 2.4B | 2.3B | 1.6B |
| Financing Cash Flow | -220.0M | -882.0M | -372.0M | -19.4M | -121.0M |
| Net Change In Cash | 129.0M | -627.0M | -65.3M | 477.0M | -109.0M |
| Ending Cash Balance | 806.0M | 677.0M | 1.2B | 1.3B | 809.0M |
| Capex | 588.0M | 355.0M | 377.0M | 167.0M | 132.0M |