Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.0B | 994.0M | 1.1B | 747.0M | 976.0M | 797.0M | 443.0M | 225.0M | 143.0M | 197.0M | 34.2M |
| Revenue Growth % | 4.6% | -8.4% | 45.2% | -23.5% | 22.5% | 79.9% | 96.9% | 57.3% | -27.4% | 476.0% | -- |
| Total Revenue | 1.0B | 994.0M | 1.1B | 747.0M | 976.0M | 797.0M | 443.0M | 225.0M | 143.0M | 197.0M | 34.2M |
| Cost Of Revenue | 847.0M | 847.0M | 979.0M | 640.0M | 829.0M | 665.0M | 377.0M | 193.0M | 130.0M | 186.0M | 30.4M |
| Gross Profit | 193.0M | 147.0M | 106.0M | 107.0M | 147.0M | 132.0M | 66.0M | 32.0M | 13.0M | 11.0M | 3.8M |
| Gross Margin % | 18.6% | 14.8% | 9.8% | 14.3% | 15.1% | 16.6% | 14.9% | 14.2% | 9.1% | 5.6% | 11.1% |
| Total Operating Cost | 939.0M | 920.0M | 1.0B | 687.0M | 862.0M | 697.0M | 393.0M | 203.0M | 137.0M | 193.0M | 34.1M |
| Selling Expenses | 15.8M | 16.1M | 14.8M | 15.4M | 9.3M | 7.4M | 4.3M | 2.3M | 2.2M | 321,900 | 201,600 |
| Admin Expenses | 46.6M | 33.5M | 27.0M | 23.0M | 12.7M | 16.5M | 8.2M | 5.4M | 4.8M | 6.2M | 3.2M |
| Rd Expenses | 2.9M | 2.4M | 2.6M | 2.1M | 1.5M | 588,200 | 605,400 | 404,500 | -- | -- | -- |
| Finance Expenses | 13.9M | 11.5M | 3.7M | 609,200 | 6.0M | 4.2M | 1.3M | -22,700 | 16,300 | 29,500 | 51,400 |
| Operating Income | 108.0M | 86.2M | 56.0M | 65.4M | 122.0M | 104.0M | 53.1M | 24.5M | 6.1M | 3.3M | 127,300 |
| Operating Margin % | 10.4% | 8.7% | 5.2% | 8.8% | 12.5% | 13.0% | 12.0% | 10.9% | 4.3% | 1.7% | 0.4% |
| Non Operating Income | 3.7M | 420,800 | 319,300 | 173,300 | 46,100 | 165,300 | 45,200 | 11,400 | 4,300 | 60,400 | 600.00 |
| Non Operating Expenses | 4.7M | 2.0M | 2.2M | 1.3M | 443,600 | 1.9M | 94,600 | 24,700 | 118,400 | 111,800 | 21,300 |
| Investment Income | 758,500 | -29,100 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 2.3M | 156,600 | -3.5M | 51,300 | 213,100 | 95,900 | 55,200 | 25,400 | -- | -- | -- |
| Asset Impairment Loss | 2.4M | 341,300 | -- | -- | -- | -- | 445,400 | 900,900 | -46,800 | 434,900 | 110,200 |
| Other Income | 3.2M | 11.9M | 4.6M | 5.5M | 8.2M | 4.4M | 3.6M | 2.2M | -- | -- | -- |
| Income Before Tax | 107.0M | 84.6M | 54.1M | 64.3M | 122.0M | 102.0M | 53.1M | 24.5M | 6.0M | 3.3M | 106,700 |
| Income Tax | 33.9M | 22.4M | 13.8M | 17.7M | 31.5M | 24.8M | 13.9M | 6.2M | 1.7M | 942,900 | 157,100 |
| Net Income | 72.7M | 62.2M | 40.3M | 46.6M | 90.3M | 77.5M | 39.2M | 18.3M | 4.3M | 2.3M | -50,400 |
| Net Margin % | 7.0% | 6.3% | 3.7% | 6.2% | 9.2% | 9.7% | 8.8% | 8.1% | 3.0% | 1.2% | -0.1% |
| Net Income Attributable | 81.6M | 62.2M | 40.3M | 46.6M | 90.3M | 77.5M | 39.2M | 18.1M | 4.2M | 2.1M | -216,900 |
| Minority Interest | -8.9M | -- | -- | -- | -- | -- | -- | 208,400 | 172,900 | 267,400 | 166,400 |
| Eps Basic | 0.64 | 0.48 | 0.31 | 0.39 | 0.93 | 0.80 | 0.42 | 0.22 | 0.11 | 0.19 | -0.01 |
| Eps Diluted | 0.64 | 0.48 | 0.31 | 0.39 | 0.93 | 0.80 | 0.42 | 0.22 | 0.11 | 0.19 | -0.01 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 181.0M | 236.0M | 318.0M | 323.0M | 79.2M | 29.9M | 7.0M | 19.6M | 2.3M | 1.5M | 2.9M |
| Accounts Receivable | 64.3M | 92.4M | 81.2M | 99.8M | 45.2M | 45.4M | 20.6M | 13.4M | 3.1M | 1.9M | 2.9M |
| Notes Receivable | 31.8M | 1.2M | 12.4M | 3.5M | 12.0M | -- | -- | -- | -- | -- | -- |
| Notes And Accounts Receivable | 96.1M | 93.6M | 93.7M | 103.0M | 57.2M | 45.4M | 20.6M | 13.4M | 3.1M | 1.9M | 2.9M |
| Prepayments | 16.2M | 5.9M | 5.7M | 4.2M | 4.7M | 3.6M | 5.2M | 1.5M | 7.1M | 4.9M | 505,400 |
| Inventory | 6.7M | 21.4M | 34.3M | 62.0M | 18.1M | 40.3M | 27.2M | 496,400 | -- | 86,200 | -- |
| Total Current Assets | 378.0M | 390.0M | 485.0M | 526.0M | 175.0M | 127.0M | 67.5M | 39.2M | 18.5M | 27.0M | 16.5M |
| Fixed Assets | -- | 355.0M | 196.0M | 68.4M | 41.8M | 29.5M | 30.7M | -- | 6.9M | 4.5M | 3.8M |
| Fixed Assets Total | 520.0M | 355.0M | 196.0M | 68.4M | 41.8M | 29.5M | 30.7M | 13.9M | 6.9M | 4.5M | 3.8M |
| Construction In Progress | -- | 19.7M | 198.0M | 88.8M | 12.5M | 7.9M | 3.8M | -- | -- | 23.7M | 176,000 |
| Construction In Progress Total | 18.1M | 19.7M | 198.0M | 88.8M | 12.5M | 7.9M | 3.8M | 650,000 | -- | 23.7M | 176,000 |
| Intangible Assets | 219.0M | 181.0M | 116.0M | 119.0M | 88.5M | 73.7M | 76.2M | -- | -- | -- | -- |
| Long Term Deferred Expenses | 140.0M | 149.0M | 86.7M | 74.0M | 48.4M | 46.8M | 47.9M | 51.0M | 47.3M | 56,300 | 198,100 |
| Total Non Current Assets | 1.1B | 897.0M | 776.0M | 501.0M | 192.0M | 159.0M | 160.0M | 68.3M | 56.1M | 28.9M | 4.6M |
| Total Assets | 1.5B | 1.3B | 1.3B | 1.0B | 367.0M | 286.0M | 227.0M | 107.0M | 74.6M | 55.9M | 21.1M |
| Short Term Borrowings | 119.0M | 154.0M | 170.0M | 91.3M | 76.1M | 90.1M | 28.0M | 5.0M | -- | -- | -- |
| Accounts Payable | 98.5M | 35.3M | 97.2M | 26.3M | 6.4M | 7.7M | 38.4M | 2.8M | 10.9M | 12.7M | 3.9M |
| Advance Receipts | 362,000 | 407,500 | 676,900 | 1.4M | -- | 3.9M | 681,300 | 311,700 | 24,500 | 161,700 | 100.00 |
| Contract Liabilities | 27.3M | 19.5M | 13.2M | 7.1M | 2.0M | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 366.0M | 271.0M | 327.0M | 157.0M | 108.0M | 115.0M | 79.2M | 13.1M | 22.5M | 22.0M | 7.6M |
| Long Term Borrowings | 152.0M | 122.0M | 83.3M | -- | 5.8M | 8.4M | 9.8M | -- | -- | -- | -- |
| Total Non Current Liabilities | 343.0M | 277.0M | 239.0M | 138.0M | 6.6M | 9.0M | 9.8M | -- | -- | -- | -- |
| Total Liabilities | 708.0M | 548.0M | 566.0M | 295.0M | 115.0M | 124.0M | 89.0M | 13.1M | 22.5M | 22.0M | 7.6M |
| Paid In Capital | 129.0M | 129.0M | 129.0M | 129.0M | 96.6M | 96.6M | 72.6M | 60.0M | 45.0M | 20.0M | 10.0M |
| Capital Reserve | 406.0M | 406.0M | 406.0M | 406.0M | 5.2M | 5.2M | 25.1M | 7.5M | 2.3M | -- | -- |
| Surplus Reserve | 36.1M | 30.3M | 22.6M | 21.9M | 15.4M | 10.4M | 5.1M | 1.6M | 262,600 | 90,800 | -- |
| Retained Earnings | 208.0M | 170.0M | 136.0M | 174.0M | 134.0M | 48.9M | 34.8M | 20.3M | 4.2M | 1.4M | -573,300 |
| Minority Equity | 12.7M | -- | -- | -- | -- | -- | -- | 4.2M | -- | 12.3M | 4.0M |
| Equity Attributable | 752.0M | 739.0M | 696.0M | 733.0M | 253.0M | 162.0M | 138.0M | 90.1M | 52.1M | 21.6M | 9.5M |
| Total Equity | 765.0M | 739.0M | 696.0M | 733.0M | 253.0M | 162.0M | 138.0M | 94.3M | 52.1M | 33.8M | 13.4M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 1.1B | 1.1B | 1.2B | 774.0M | 1.0B | 845.0M | 477.0M | 237.0M | 157.0M | 218.0M | 34.5M |
| Tax Refunds Received | 81,800 | -- | 16.4M | 16,800 | 21,200 | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 1.1B | 1.1B | 1.3B | 794.0M | 1.1B | 855.0M | 482.0M | 240.0M | 157.0M | 224.0M | 37.4M |
| Cash Paid For Goods | 759.0M | 798.0M | 990.0M | 673.0M | 839.0M | 702.0M | 415.0M | 194.0M | 134.0M | 199.0M | 25.3M |
| Cash Paid To Employees | 113.0M | 79.4M | 69.3M | 54.2M | 34.0M | 27.1M | 17.7M | 9.9M | 5.0M | 3.3M | 2.2M |
| Taxes Paid | 73.8M | 59.8M | 44.1M | 37.6M | 37.3M | 35.2M | 20.8M | 8.9M | 4.1M | 4.7M | 707,400 |
| Total Operating Cash Outflow | 987.0M | 972.0M | 1.1B | 800.0M | 927.0M | 781.0M | 467.0M | 220.0M | 153.0M | 220.0M | 36.2M |
| Operating Cash Flow | 159.0M | 161.0M | 151.0M | -5.9M | 130.0M | 74.3M | 15.4M | 19.3M | 4.6M | 4.2M | 1.3M |
| Total Investing Cash Inflow | 34.6M | 1.2M | 1.1M | 332,000 | 319,100 | 149,300 | 85,500 | 67,000 | 13.3M | 118,800 | -- |
| Total Investing Cash Outflow | 203.0M | 215.0M | 243.0M | 184.0M | 52.1M | 48.4M | 67.9M | 21.9M | 43.2M | 23.6M | 1.2M |
| Investing Cash Flow | -169.0M | -214.0M | -242.0M | -184.0M | -51.8M | -48.3M | -67.8M | -21.9M | -29.9M | -23.5M | -1.2M |
| Cash From Borrowings | 235.0M | 242.0M | 254.0M | 109.0M | 118.0M | 90.0M | 40.0M | 5.0M | -- | -- | -- |
| Dividends And Interest Paid | 42.8M | 29.9M | 80.2M | 2.5M | 5.8M | 62.1M | 22.5M | 44,000 | -- | -- | -- |
| Debt Repayments | 228.0M | 211.0M | 93.1M | 99.6M | 148.0M | 29.4M | 5.7M | -- | -- | -- | -- |
| Total Financing Cash Inflow | 286.0M | 242.0M | 254.0M | 563.0M | 135.0M | 90.0M | 77.0M | 47.6M | 26.0M | 18.0M | 2.0M |
| Total Financing Cash Outflow | 330.0M | 257.0M | 185.0M | 135.0M | 164.0M | 91.6M | 39.3M | 27.8M | -- | -- | -- |
| Financing Cash Flow | -43.9M | -15.8M | 68.7M | 428.0M | -29.4M | -1.6M | 37.7M | 19.8M | 26.0M | 18.0M | 2.0M |
| Net Change In Cash | -54.5M | -69.7M | -21.5M | 239.0M | 49.3M | 24.4M | -14.7M | 17.2M | 763,700 | -1.3M | 2.0M |
| Ending Cash Balance | 172.0M | 226.0M | 296.0M | 317.0M | 78.6M | 29.3M | 4.9M | 19.6M | 2.3M | 1.5M | 2.9M |
| Capex | 203.0M | 183.0M | 243.0M | 184.0M | 52.1M | 48.4M | 67.9M | 21.9M | 31.2M | 23.6M | 1.2M |