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 | 6.3B | 4.4B | 4.2B | 3.5B | 3.2B |
| Revenue Growth % | 42.4% | 5.5% | 18.7% | 10.7% | -- |
| Total Revenue | 6.3B | 4.4B | 4.2B | 3.5B | 3.2B |
| Cost Of Revenue | 4.9B | 3.1B | 3.0B | 2.6B | 2.3B |
| Gross Profit | 1.4B | 1.3B | 1.2B | 934.0M | 926.0M |
| Gross Margin % | 22.8% | 29.5% | 28.0% | 26.4% | 29.0% |
| Total Operating Cost | 6.2B | 4.9B | 4.6B | 4.0B | 3.7B |
| Selling Expenses | 392.0M | 354.0M | 390.0M | 334.0M | 312.0M |
| Admin Expenses | 354.0M | 406.0M | 350.0M | 254.0M | 284.0M |
| Rd Expenses | 400.0M | 377.0M | 265.0M | 234.0M | 214.0M |
| Finance Expenses | 94.5M | 223.0M | 282.0M | 314.0M | 312.0M |
| Operating Income | 128.0M | -452.0M | -382.0M | -148.0M | -607.0M |
| Operating Margin % | 2.0% | -10.2% | -9.1% | -4.2% | -19.0% |
| Non Operating Income | 32.1M | 63.9M | 12.8M | 15.6M | 13.3M |
| Non Operating Expenses | 73.7M | 67.5M | 227.0M | 42.4M | 64.4M |
| Investment Income | -9.8M | -32.2M | -8.6M | 358.0M | -42.7M |
| Fair Value Change Income | -4.2M | -54.8M | 13.8M | -49.6M | -43.3M |
| Asset Disposal Income | 2.3M | 28.4M | -6.4M | 10.3M | -18.1M |
| Asset Impairment Loss | 38.2M | 272.0M | 191.0M | 191.0M | 128.0M |
| Other Income | 27.7M | 35.0M | 23.7M | 36.5M | 47.2M |
| Income Before Tax | 86.6M | -456.0M | -596.0M | -175.0M | -659.0M |
| Income Tax | 207.0M | 35.6M | -62.2M | -55.3M | 6.9M |
| Net Income | -121.0M | -491.0M | -534.0M | -119.0M | -666.0M |
| Net Margin % | -1.9% | -11.1% | -12.7% | -3.4% | -20.8% |
| Net Income Attributable | -156.0M | -464.0M | -529.0M | -101.0M | -665.0M |
| Minority Interest | 35.5M | -27.4M | -5.4M | -18.0M | -289,500 |
| Eps Basic | -0.09 | -0.28 | -0.34 | -0.07 | -0.47 |
| Eps Diluted | -0.09 | -0.28 | -0.34 | -0.07 | -0.47 |
| 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 | 1.5B | 1.3B | 902.0M | 1.1B | 762.0M |
| Trading Financial Assets | 8,900 | 29,700 | 884,600 | 3,200 | 5,200 |
| Accounts Receivable | 2.0B | 1.2B | 1.2B | 1.4B | 1.4B |
| Notes Receivable | 44.3M | 48.0M | 91.8M | 98.3M | 111.0M |
| Notes And Accounts Receivable | 2.1B | 1.2B | 1.3B | 1.5B | 1.5B |
| Prepayments | 102.0M | 65.0M | 52.4M | 22.8M | 69.5M |
| Inventory | 943.0M | 878.0M | 880.0M | 1.2B | 719.0M |
| Total Current Assets | 4.8B | 3.7B | 3.4B | 4.2B | 3.6B |
| Long Term Equity Investment | 258.0M | 321.0M | 383.0M | 442.0M | 139.0M |
| Fixed Assets | 2.1B | 2.1B | 2.5B | 1.0B | 1.2B |
| Fixed Assets Total | 2.1B | 2.1B | 2.5B | 1.0B | 1.2B |
| Construction In Progress | 39.7M | 58.6M | 62.3M | 1.2B | 1.2B |
| Construction In Progress Total | 39.7M | 58.6M | 62.3M | 1.2B | 1.2B |
| Intangible Assets | 412.0M | 439.0M | 510.0M | 463.0M | 489.0M |
| Long Term Deferred Expenses | 48.5M | 60.3M | 70.5M | 86.4M | 128.0M |
| Total Non Current Assets | 3.5B | 3.9B | 4.5B | 4.6B | 4.7B |
| Total Assets | 8.3B | 7.6B | 7.9B | 8.8B | 8.3B |
| Short Term Borrowings | 2.7B | 2.8B | 2.9B | 3.0B | 2.5B |
| Accounts Payable | 2.1B | 1.5B | 1.2B | 1.8B | 1.7B |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 665.0M | 892.0M | 722.0M | 726.0M | 273.0M |
| Total Current Liabilities | 7.3B | 6.8B | 6.2B | 7.3B | 6.4B |
| Long Term Borrowings | 292.0M | 142.0M | 590.0M | 219.0M | 185.0M |
| Total Non Current Liabilities | 555.0M | 329.0M | 756.0M | 851.0M | 895.0M |
| Total Liabilities | 7.9B | 7.1B | 6.9B | 8.1B | 7.3B |
| Paid In Capital | 1.7B | 1.7B | 1.7B | 1.4B | 1.4B |
| Capital Reserve | 2.5B | 2.5B | 2.5B | 1.9B | 1.9B |
| Surplus Reserve | 135.0M | 135.0M | 135.0M | 135.0M | 135.0M |
| Retained Earnings | -4.0B | -3.8B | -3.3B | -2.8B | -2.7B |
| Minority Equity | 44.4M | 11.5M | 39.9M | 45.4M | 206.0M |
| Equity Attributable | 356.0M | 499.0M | 941.0M | 649.0M | 767.0M |
| Total Equity | 401.0M | 511.0M | 980.0M | 694.0M | 973.0M |
| 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 | 5.2B | 4.5B | 4.4B | 4.0B | 3.0B |
| Tax Refunds Received | 128.0M | 75.0M | 161.0M | 46.3M | 85.2M |
| Total Operating Cash Inflow | 5.4B | 4.6B | 4.6B | 4.2B | 3.3B |
| Cash Paid For Goods | 3.8B | 2.3B | 2.9B | 2.5B | 1.9B |
| Cash Paid To Employees | 654.0M | 699.0M | 567.0M | 569.0M | 498.0M |
| Taxes Paid | 154.0M | 132.0M | 168.0M | 171.0M | 122.0M |
| Total Operating Cash Outflow | 5.2B | 3.8B | 4.1B | 3.7B | 3.0B |
| Operating Cash Flow | 144.0M | 812.0M | 474.0M | 444.0M | 246.0M |
| Total Investing Cash Inflow | 208.0M | 286.0M | 135.0M | 367.0M | 25.0M |
| Total Investing Cash Outflow | 125.0M | 283.0M | 548.0M | 406.0M | 461.0M |
| Investing Cash Flow | 83.9M | 3.3M | -413.0M | -38.8M | -436.0M |
| Cash From Borrowings | 4.8B | 4.1B | 6.1B | 4.6B | 4.3B |
| Dividends And Interest Paid | 108.0M | 126.0M | 268.0M | 266.0M | 269.0M |
| Debt Repayments | 4.7B | 4.4B | 7.1B | 4.2B | 4.0B |
| Total Financing Cash Inflow | 5.1B | 4.1B | 7.4B | 4.8B | 4.4B |
| Total Financing Cash Outflow | 4.9B | 4.9B | 7.6B | 4.7B | 4.3B |
| Financing Cash Flow | 214.0M | -796.0M | -232.0M | 45.3M | 9.6M |
| Net Change In Cash | 436.0M | -26.3M | -185.0M | 451.0M | -207.0M |
| Ending Cash Balance | 962.0M | 526.0M | 553.0M | 738.0M | 287.0M |
| Capex | 82.2M | 283.0M | 457.0M | 376.0M | 441.0M |