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 | 465.0M | 627.0M | 336.0M | 359.0M | 127.0M |
| Revenue Growth % | -25.8% | 86.6% | -6.4% | 182.7% | -- |
| Total Revenue | 465.0M | 627.0M | 336.0M | 359.0M | 127.0M |
| Cost Of Revenue | 460.0M | 607.0M | 318.0M | 348.0M | 95.9M |
| Gross Profit | 5.0M | 20.0M | 18.0M | 11.0M | 31.1M |
| Gross Margin % | 1.1% | 3.2% | 5.4% | 3.1% | 24.5% |
| Total Operating Cost | 479.0M | 629.0M | 336.0M | 370.0M | 125.0M |
| Selling Expenses | 6.8M | 9.1M | 6.5M | 7.7M | 719,300 |
| Admin Expenses | 12.6M | 12.4M | 10.1M | 10.7M | 13.7M |
| Rd Expenses | -- | -- | -- | -- | -- |
| Finance Expenses | 69,100 | 59,000 | -41,900 | 55,400 | 11.7M |
| Operating Income | -14.1M | -1.7M | 831,600 | -10.4M | 112.0M |
| Operating Margin % | -3.0% | -0.3% | 0.2% | -2.9% | 88.2% |
| Non Operating Income | -- | 31,900 | 1.1M | 1.4M | 1.00 |
| Non Operating Expenses | 8.1M | 11,800 | 2,500 | 1.3M | 98.3M |
| Investment Income | 0.00 | 490,000 | 112,200 | 63,900 | 109.0M |
| Fair Value Change Income | -- | -- | 9,700 | -- | -- |
| Asset Disposal Income | -- | -100,000 | -- | -- | -- |
| Asset Impairment Loss | 82,900 | -- | -- | -- | -- |
| Other Income | 3,200 | 7,300 | -- | -- | 1,200 |
| Income Before Tax | -22.2M | -1.7M | 1.9M | -10.3M | 13.3M |
| Income Tax | 7,434 | 65,000 | 66,400 | 224,300 | 4.6M |
| Net Income | -22.2M | -1.8M | 1.9M | -10.5M | 8.7M |
| Net Margin % | -4.8% | -0.3% | 0.6% | -2.9% | 6.8% |
| Net Income Attributable | -22.2M | -1.8M | 1.9M | -10.5M | 8.5M |
| Minority Interest | -- | -- | -- | -- | 128,100 |
| Eps Basic | -0.06 | -0.00 | 0.01 | -0.03 | 0.05 |
| Eps Diluted | -0.06 | -0.00 | 0.01 | -0.03 | 0.05 |
| 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 | 208.0M | 3.8M | 2.6M | 21.3M | 82.4M |
| Trading Financial Assets | -- | -- | 10.9M | -- | -- |
| Accounts Receivable | 22.2M | 46.9M | 34.8M | 43.6M | 561,900 |
| Notes Receivable | -- | 100,000 | -- | -- | -- |
| Notes And Accounts Receivable | 22.2M | 47.0M | 34.8M | 43.6M | 561,900 |
| Prepayments | 14.6M | 7.4M | 20.2M | 7.2M | 258,400 |
| Inventory | 8.3M | 10.1M | 27.8M | 19.4M | 3.0M |
| Total Current Assets | 255.0M | 71.0M | 114.0M | 96.7M | 90.1M |
| Long Term Equity Investment | -- | -- | -- | -- | -- |
| Fixed Assets | 959,400 | 783,100 | 641,800 | 643,800 | -- |
| Fixed Assets Total | 959,400 | 783,100 | 641,800 | 643,800 | -- |
| Construction In Progress | -- | -- | -- | -- | -- |
| Construction In Progress Total | -- | -- | -- | -- | -- |
| Intangible Assets | -- | -- | -- | -- | -- |
| Long Term Deferred Expenses | 90,700 | 303,500 | 480,800 | -- | -- |
| Total Non Current Assets | 3.5M | 3.2M | 3.3M | 4.5M | -- |
| Total Assets | 259.0M | 74.2M | 117.0M | 101.0M | 90.1M |
| Short Term Borrowings | -- | -- | -- | -- | -- |
| Accounts Payable | 2.8M | 1.7M | 820,100 | 6.0M | -- |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 81,300 | -- | 10.2M | 7.9M | -- |
| Total Current Liabilities | 22.5M | 22.6M | 63.3M | 47.5M | 23.8M |
| Long Term Borrowings | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 428,600 | 208,600 | 619,800 | 2.9M | 2.8M |
| Total Liabilities | 23.0M | 22.8M | 63.9M | 50.4M | 26.5M |
| Paid In Capital | 368.0M | 368.0M | 368.0M | 368.0M | 368.0M |
| Capital Reserve | 692.0M | 655.0M | 655.0M | 655.0M | 642.0M |
| Surplus Reserve | 38.3M | 38.3M | 38.3M | 38.3M | 38.3M |
| Retained Earnings | -813.0M | -791.0M | -789.0M | -791.0M | -781.0M |
| Minority Equity | -- | -- | -- | -- | -10.00 |
| Equity Attributable | 236.0M | 51.4M | 53.2M | 50.9M | 63.6M |
| Total Equity | 236.0M | 51.4M | 53.2M | 50.9M | 63.6M |
| 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 | 552.0M | 598.0M | 328.0M | 382.0M | 141.0M |
| Tax Refunds Received | 5,500 | 1.1M | 1.6M | 3.7M | -- |
| Total Operating Cash Inflow | 592.0M | 680.0M | 408.0M | 458.0M | 552.0M |
| Cash Paid For Goods | 526.0M | 636.0M | 335.0M | 451.0M | 112.0M |
| Cash Paid To Employees | 6.0M | 5.0M | 4.0M | 3.2M | 1.9M |
| Taxes Paid | 3.9M | 6.8M | 3.2M | 6.4M | 12.3M |
| Total Operating Cash Outflow | 592.0M | 681.0M | 404.0M | 525.0M | 642.0M |
| Operating Cash Flow | 252,200 | -495,600 | 4.9M | -66.8M | -89.8M |
| Total Investing Cash Inflow | 0.00 | 72.3M | 64.2M | 304.0M | 170.0M |
| Total Investing Cash Outflow | 380,500 | 67.6M | 75.8M | 308.0M | 77.1M |
| Investing Cash Flow | -380,500 | 4.7M | -11.6M | -3.3M | 92.7M |
| Cash From Borrowings | -- | -- | -- | -- | -- |
| Dividends And Interest Paid | -- | -- | -- | -- | 12,500 |
| Debt Repayments | -- | -- | -- | 0.00 | 1.7M |
| Total Financing Cash Inflow | 208.0M | 225.40 | 18.0M | 7.6M | 148.0M |
| Total Financing Cash Outflow | 3.5M | 2.1M | 11.3M | 17.0M | 86.2M |
| Financing Cash Flow | 204.0M | -2.1M | 6.7M | -9.4M | 61.6M |
| Net Change In Cash | 204.0M | 2.1M | -63,900 | -79.6M | 64.5M |
| Ending Cash Balance | 207.0M | 2.7M | 672,800 | 736,700 | 80.3M |
| Capex | 380,500 | 1.3M | 804,700 | 3.4M | -- |