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 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 | FY 2011Dec 31, 2011 | FY 2010Dec 31, 2010 | FY 2009Dec 31, 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.4B | 2.3B | 1.9B | 1.8B | 1.4B | 996.0M | 972.0M | 941.0M | 664.0M | 200.0M | 383.0M | 331.0M | 287.0M | 171.0M |
| Revenue Growth % | 4.0% | 18.2% | 4.5% | 26.8% | 45.3% | 2.5% | 3.3% | 41.7% | 232.0% | -47.8% | 15.7% | 15.3% | 67.8% | -- |
| Total Revenue | 2.4B | 2.3B | 1.9B | 1.8B | 1.4B | 996.0M | 972.0M | 941.0M | 664.0M | 200.0M | 383.0M | 331.0M | 287.0M | 171.0M |
| Cost Of Revenue | 1.9B | 1.8B | 1.6B | 1.6B | 1.2B | 779.0M | 794.0M | 713.0M | 495.0M | 152.0M | 296.0M | 264.0M | 222.0M | 133.0M |
| Gross Profit | 466.0M | 436.0M | 288.0M | 209.0M | 280.0M | 217.0M | 178.0M | 228.0M | 169.0M | 48.0M | 87.0M | 67.0M | 65.0M | 38.0M |
| Gross Margin % | 19.8% | 19.2% | 15.0% | 11.4% | 19.4% | 21.8% | 18.3% | 24.2% | 25.5% | 24.0% | 22.7% | 20.2% | 22.6% | 22.2% |
| Total Operating Cost | 2.0B | 2.0B | 1.7B | 1.7B | 1.3B | 868.0M | 905.0M | 840.0M | 602.0M | 182.0M | 324.0M | 283.0M | 233.0M | 142.0M |
| Selling Expenses | 18.2M | 18.3M | 14.8M | 10.6M | 10.7M | 7.8M | 39.0M | 39.7M | 29.8M | 2.5M | 5.3M | 3.5M | 3.8M | 4.0M |
| Admin Expenses | 36.7M | 38.7M | 34.2M | 33.7M | 28.6M | 22.8M | 18.9M | 24.1M | 31.0M | 2.7M | 5.1M | 3.2M | 3.3M | 3.2M |
| Rd Expenses | 82.1M | 80.2M | 70.9M | 67.4M | 59.2M | 41.4M | 39.7M | 35.2M | 26.7M | -- | -- | -- | -- | -- |
| Finance Expenses | -10.2M | -17.5M | -15.8M | -11.5M | -4.7M | 10.0M | 8.9M | 16.9M | 12.6M | 18.0M | 16.5M | 12.7M | 3.4M | 1.5M |
| Operating Income | 342.0M | 313.0M | 192.0M | 121.0M | 188.0M | 139.0M | 71.8M | 106.0M | 72.5M | 18.2M | 59.6M | 47.7M | 54.9M | 29.4M |
| Operating Margin % | 14.5% | 13.8% | 10.0% | 6.6% | 13.0% | 14.0% | 7.4% | 11.3% | 10.9% | 9.1% | 15.6% | 14.4% | 19.1% | 17.2% |
| Non Operating Income | 50,100 | 169,100 | 919,000 | 337,100 | 1.4M | 181,600 | 1.6M | 1.7M | 1.1M | 2.7M | -- | -- | -- | -- |
| Non Operating Expenses | 769,700 | 1.3M | 450,500 | 343,600 | 963,700 | 2.1M | 1.1M | 1.4M | 13.0M | 140,100 | -- | -- | -- | -- |
| Investment Income | -3.9M | -7.1M | -7.0M | 426,100 | -942,500 | 1.0M | 693,200 | 466,300 | 8.4M | 166,500 | -- | -- | 408,300 | -- |
| Fair Value Change Income | 930,900 | 83,900 | -578,100 | 447,000 | 98,500 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 976,900 | 340,400 | 151,000 | 640,300 | 42,100 | 429,600 | 830,600 | 130,900 | -232,400 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 440,800 | -- | -- | -- | -- | 56,500 | 1.6M | 2.5M | 1.7M | 5.8M | -- | -- | -- | -- |
| Other Income | 21.0M | 19.0M | 18.3M | 21.2M | 15.7M | 9.0M | 3.4M | 4.4M | 2.3M | -- | -- | -- | -- | -- |
| Income Before Tax | 341.0M | 312.0M | 193.0M | 121.0M | 188.0M | 137.0M | 72.3M | 107.0M | 60.6M | 20.7M | 59.6M | 47.7M | 54.9M | 29.4M |
| Income Tax | 46.5M | 37.9M | 22.1M | 7.8M | 23.5M | 16.7M | 5.5M | 11.4M | 6.3M | 3.9M | 14.9M | 11.9M | 13.7M | 7.4M |
| Net Income | 295.0M | 274.0M | 170.0M | 113.0M | 165.0M | 120.0M | 66.8M | 95.4M | 54.3M | 16.8M | 44.7M | 35.7M | 41.1M | 22.1M |
| Net Margin % | 12.5% | 12.1% | 8.9% | 6.2% | 11.4% | 12.0% | 6.9% | 10.1% | 8.2% | 8.4% | 11.7% | 10.8% | 14.3% | 12.9% |
| Net Income Attributable | 293.0M | 272.0M | 169.0M | 111.0M | 164.0M | 118.0M | 66.2M | 88.2M | 46.7M | 16.8M | 44.7M | 35.7M | 41.1M | 22.1M |
| Minority Interest | 2.0M | 2.2M | 1.8M | 1.3M | 988,700 | 1.8M | 657,000 | 7.1M | 7.7M | -- | -- | -- | -- | -- |
| Eps Basic | 1.44 | 1.36 | 0.88 | 0.61 | 1.03 | 0.87 | 0.49 | 0.72 | 1.00 | -- | -- | -- | -- | -- |
| Eps Diluted | 1.44 | 1.36 | 0.88 | 0.61 | 1.03 | 0.87 | 0.49 | 0.72 | 1.00 | -- | -- | -- | -- | -- |
| Line Item | FY 2025Dec 31, 2025 | 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 2013Dec 31, 2013 | FY 2012Dec 31, 2012 | FY 2011Dec 31, 2011 | FY 2010Dec 31, 2010 | FY 2009Dec 31, 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 284.0M | 741.0M | 822.0M | 541.0M | 667.0M | 206.0M | 150.0M | 178.0M | 203.0M | 99.8M | 55.6M | 24.9M | 26.2M | 6.8M |
| Trading Financial Assets | 612.0M | -- | -- | 11.1M | 98,500 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 480.0M | 441.0M | 373.0M | 322.0M | 248.0M | 150.0M | 154.0M | 170.0M | 172.0M | 74.2M | 173.0M | 83.7M | 56.5M | 18.4M |
| Notes Receivable | 81.4M | 90.9M | 22.1M | 28.0M | 27.4M | 26.3M | 44.7M | 83.2M | 157.0M | 1.7M | 106,000 | 2.2M | 593,400 | 10.7M |
| Notes And Accounts Receivable | 561.0M | 532.0M | 395.0M | 350.0M | 275.0M | 177.0M | 199.0M | 253.0M | 329.0M | 75.9M | 173.0M | 85.9M | 57.1M | 29.1M |
| Prepayments | 45.4M | 35.8M | 27.1M | 27.2M | 14.2M | 11.4M | 9.3M | 14.7M | 11.6M | 11.5M | 57.0M | 40.8M | 5.8M | 867,900 |
| Inventory | 134.0M | 150.0M | 121.0M | 157.0M | 173.0M | 96.4M | 87.0M | 78.1M | 81.5M | 115.0M | 109.0M | 78.5M | 53.1M | 16.7M |
| Total Current Assets | 2.0B | 1.7B | 1.5B | 1.3B | 1.3B | 627.0M | 514.0M | 534.0M | 685.0M | 579.0M | 439.0M | 267.0M | 168.0M | 56.1M |
| Long Term Equity Investment | -- | -- | -- | -- | -- | -- | -- | -- | -- | 40.1M | 39.3M | 39.3M | 39.3M | 21.5M |
| Fixed Assets | 841.0M | 882.0M | 496.0M | 502.0M | 489.0M | 380.0M | 334.0M | -- | -- | 85.8M | 98.8M | 90.4M | 75.0M | 64.0M |
| Fixed Assets Total | 841.0M | 882.0M | 496.0M | 502.0M | 489.0M | 380.0M | 334.0M | 267.0M | 195.0M | 85.8M | 98.8M | 90.4M | 75.0M | 64.0M |
| Construction In Progress | 73.2M | 26.3M | 113.0M | 19.8M | 4.6M | 64.3M | 1.1M | -- | -- | -- | -- | 4.3M | 2.8M | 2.6M |
| Construction In Progress Total | 75.4M | 26.3M | 113.0M | 19.8M | 4.8M | 65.2M | 1.1M | 7.9M | 20.1M | -- | -- | 4.3M | 2.8M | 2.6M |
| Intangible Assets | 169.0M | 177.0M | 148.0M | 120.0M | 99.7M | 83.7M | 80.5M | 78.2M | 67.7M | 1.4M | 829,600 | 892,800 | 812,500 | 732,500 |
| Long Term Deferred Expenses | 618,200 | 3.4M | 7.4M | 12.2M | 19.5M | 5.8M | 7.2M | 7.5M | 4.4M | 797,500 | -- | -- | -- | -- |
| Total Non Current Assets | 1.2B | 1.1B | 812.0M | 670.0M | 636.0M | 553.0M | 431.0M | 367.0M | 308.0M | 133.0M | 139.0M | 135.0M | 118.0M | 88.8M |
| Total Assets | 3.2B | 2.8B | 2.4B | 1.9B | 1.9B | 1.2B | 945.0M | 901.0M | 993.0M | 712.0M | 578.0M | 402.0M | 286.0M | 145.0M |
| Short Term Borrowings | 154.0M | 109.0M | 24.3M | -- | -- | 75.0M | 160.0M | 171.0M | 292.0M | 182.0M | 180.0M | 181.0M | 95.0M | 37.0M |
| Accounts Payable | 274.0M | 314.0M | 163.0M | 156.0M | 175.0M | 157.0M | 134.0M | 88.4M | 74.3M | 27.5M | 1.9M | 2.0M | 3.1M | 1.3M |
| Advance Receipts | -- | -- | -- | -- | -- | -- | 5.0M | 5.4M | 2.3M | 2.7M | 63,400 | 63,400 | 63,400 | 63,400 |
| Contract Liabilities | 9.9M | 11.7M | 4.7M | 3.3M | 3.2M | 4.1M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 847.0M | 865.0M | 580.0M | 570.0M | 564.0M | 558.0M | 496.0M | 562.0M | 717.0M | 446.0M | 280.0M | 204.0M | 138.0M | 48.4M |
| Long Term Borrowings | -- | -- | -- | -- | -- | 50.4M | -- | -- | -- | -- | 55.0M | -- | -- | -- |
| Total Non Current Liabilities | 10.3M | 15.4M | 17.9M | 19.8M | 13.5M | 57.4M | 7.3M | 7.7M | 8.2M | 55.3M | 55.0M | -- | -- | -- |
| Total Liabilities | 858.0M | 880.0M | 597.0M | 590.0M | 578.0M | 616.0M | 503.0M | 570.0M | 725.0M | 501.0M | 335.0M | 204.0M | 138.0M | 48.4M |
| Paid In Capital | 217.0M | 202.0M | 202.0M | 184.0M | 182.0M | 136.0M | 136.0M | 126.0M | 117.0M | 39.3M | 39.3M | 39.3M | 24.5M | 12.4M |
| Capital Reserve | 1.3B | 1.0B | 1.0B | 764.0M | 737.0M | 185.0M | 181.0M | 119.0M | 68.6M | 6.5M | 6.5M | 6.5M | 6.5M | 6.5M |
| Surplus Reserve | 73.6M | 58.2M | 36.3M | 23.3M | 21.0M | 13.9M | 11.1M | 6.1M | 10.8M | 4.1M | 2.4M | 2.4M | 2.4M | 2.4M |
| Retained Earnings | 794.0M | 641.0M | 511.0M | 392.0M | 375.0M | 219.0M | 103.0M | 67.1M | 27.8M | 161.0M | 195.0M | 150.0M | 114.0M | 75.1M |
| Minority Equity | 10.6M | 10.4M | 10.6M | 11.4M | 10.0M | 10.1M | 9.8M | 12.8M | 43.7M | -- | -- | -- | -- | -- |
| Equity Attributable | 2.4B | 1.9B | 1.7B | 1.3B | 1.3B | 554.0M | 432.0M | 318.0M | 225.0M | 211.0M | 243.0M | 198.0M | 148.0M | 96.5M |
| Total Equity | 2.4B | 1.9B | 1.8B | 1.4B | 1.3B | 564.0M | 441.0M | 331.0M | 268.0M | 211.0M | 243.0M | 198.0M | 148.0M | 96.5M |
| Line Item | FY 2025Dec 31, 2025 | 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 2013Dec 31, 2013 | FY 2012Dec 31, 2012 | FY 2011Dec 31, 2011 | FY 2010Dec 31, 2010 | FY 2009Dec 31, 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 1.6B | 1.5B | 1.2B | 1.1B | 780.0M | 685.0M | 725.0M | 933.0M | 535.0M | 220.0M | 387.0M | 358.0M | 287.0M | 209.0M |
| Tax Refunds Received | 12.3M | 10.5M | 12.3M | 13.4M | 11.6M | 3.0M | 2.5M | 3.5M | 1.8M | 330,600 | -- | -- | 48.9M | -- |
| Total Operating Cash Inflow | 1.7B | 1.6B | 1.3B | 1.1B | 820.0M | 698.0M | 736.0M | 956.0M | 540.0M | 223.0M | 387.0M | 358.0M | 336.0M | 208.0M |
| Cash Paid For Goods | 1.0B | 1.2B | 965.0M | 929.0M | 644.0M | 562.0M | 594.0M | 672.0M | 438.0M | 14.7M | 345.0M | 331.0M | 279.0M | 163.0M |
| Cash Paid To Employees | 93.2M | 83.3M | 70.1M | 63.5M | 58.9M | 43.9M | 42.1M | 31.8M | 21.0M | 5.5M | 7.0M | 5.5M | 5.9M | 3.6M |
| Taxes Paid | 114.0M | 98.4M | 62.8M | 47.9M | 66.7M | 27.5M | 31.8M | 52.6M | 36.6M | 1.8M | 20.4M | 15.6M | 18.5M | 10.9M |
| Total Operating Cash Outflow | 1.3B | 1.4B | 1.1B | 1.1B | 790.0M | 643.0M | 704.0M | 797.0M | 535.0M | 162.0M | 420.0M | 357.0M | 310.0M | 177.0M |
| Operating Cash Flow | 395.0M | 200.0M | 145.0M | 54.8M | 30.0M | 54.6M | 32.0M | 158.0M | 5.0M | 60.8M | -32.7M | 1.5M | 25.9M | 30.5M |
| Total Investing Cash Inflow | 716.0M | 518.0M | 515.0M | 906.0M | 1.1B | 963.0M | 1.0B | 611.0M | 339.0M | 4.6M | -- | -- | -- | -- |
| Total Investing Cash Outflow | 1.6B | 571.0M | 591.0M | 1.0B | 1.2B | 993.0M | 1.1B | 605.0M | 363.0M | 36.9M | 8.3M | 21.2M | 36.0M | 40.8M |
| Investing Cash Flow | -839.0M | -53.8M | -75.9M | -102.0M | -63.2M | -29.4M | -19.3M | 5.2M | -23.7M | -32.3M | -8.3M | -21.2M | -36.0M | -40.8M |
| Cash From Borrowings | -- | -- | 24.3M | -- | -- | 147.0M | 170.0M | 376.0M | 332.0M | 217.0M | 53.9M | 156.0M | 119.0M | 90.0M |
| Dividends And Interest Paid | 129.0M | 122.0M | 37.3M | 92.0M | 3.1M | 7.2M | 32.8M | 26.4M | 29.5M | 15.6M | 16.5M | 9.6M | 2.0M | 2.0M |
| Debt Repayments | 215.0M | 46.4M | -- | -- | 122.0M | 179.0M | 181.0M | 497.0M | 258.0M | 215.0M | -- | 96.7M | 127.0M | 81.9M |
| Total Financing Cash Inflow | 298.0M | -- | 290.0M | 20.8M | 614.0M | 154.0M | 242.0M | 376.0M | 353.0M | 217.0M | 131.0M | 171.0M | 162.0M | 90.0M |
| Total Financing Cash Outflow | 416.0M | 224.0M | 47.1M | 92.0M | 142.0M | 187.0M | 220.0M | 541.0M | 295.0M | 230.0M | 95.5M | 151.0M | 132.0M | 85.4M |
| Financing Cash Flow | -118.0M | -224.0M | 243.0M | -71.2M | 472.0M | -32.1M | 21.7M | -165.0M | 58.5M | -13.5M | 35.0M | 20.1M | 29.6M | 4.6M |
| Net Change In Cash | -561.0M | -77.1M | 313.0M | -118.0M | 439.0M | -7.1M | 34.5M | -1.6M | 39.8M | 15.0M | -5.9M | 336,300 | 19.5M | -5.7M |
| Ending Cash Balance | 67.0M | 628.0M | 705.0M | 392.0M | 510.0M | 71.1M | 78.2M | 43.7M | 45.3M | 16.1M | 1.1M | -- | -- | -- |
| Capex | 30.0M | 56.7M | 91.3M | 88.7M | 64.8M | 30.3M | 20.2M | 31.2M | 22.9M | 10.9M | 8.3M | 21.2M | 18.1M | 36.9M |