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 | 19.5B | 24.0B | 30.0B | 26.2B | 25.6B |
| Revenue Growth % | -18.7% | -19.9% | 14.4% | 2.3% | -- |
| Total Revenue | 19.5B | 24.0B | 30.0B | 26.2B | 25.6B |
| Cost Of Revenue | 18.3B | 22.4B | 28.0B | 24.1B | 23.5B |
| Gross Profit | 1.2B | 1.6B | 2.0B | 2.1B | 2.1B |
| Gross Margin % | 6.4% | 6.6% | 6.6% | 8.0% | 8.4% |
| Total Operating Cost | 19.3B | 23.7B | 29.5B | 25.6B | 24.8B |
| Selling Expenses | 262.0M | 519.0M | 725.0M | 835.0M | 800.0M |
| Admin Expenses | 272.0M | 364.0M | 327.0M | 319.0M | 288.0M |
| Finance Expenses | 74.4M | 118.0M | 144.0M | 179.0M | 159.0M |
| Operating Income | 282.0M | 568.0M | 556.0M | 650.0M | 831.0M |
| Operating Margin % | 1.4% | 2.4% | 1.9% | 2.5% | 3.2% |
| Non Operating Income | 11.5M | 21.6M | 2.6M | 1.2M | 941,500 |
| Non Operating Expenses | 15.1M | 43.0M | 8.6M | 11.3M | 12.7M |
| Investment Income | 3.6M | 42,700 | -3.5M | -2.6M | 1.5M |
| Fair Value Change Income | -32,100 | 35,800 | -25,400 | -66,400 | -515,500 |
| Asset Disposal Income | 4.3M | 201.0M | 845,600 | 1.7M | 738,900 |
| Asset Impairment Loss | 110.0M | 84.5M | 98.3M | 23.6M | 21.7M |
| Other Income | 35.0M | 28.9M | 30.6M | 37.2M | 29.2M |
| Income Before Tax | 278.0M | 547.0M | 550.0M | 640.0M | 819.0M |
| Income Tax | 176.0M | 230.0M | 179.0M | 177.0M | 222.0M |
| Net Income | 102.0M | 317.0M | 372.0M | 463.0M | 597.0M |
| Net Margin % | 0.5% | 1.3% | 1.2% | 1.8% | 2.3% |
| Net Income Attributable | 111.0M | 158.0M | 248.0M | 294.0M | 351.0M |
| Minority Interest | -9.7M | 159.0M | 124.0M | 169.0M | 246.0M |
| Eps Basic | 0.38 | 0.54 | 0.86 | 1.02 | 1.21 |
| Eps Diluted | 0.38 | 0.54 | 0.86 | 1.02 | 1.21 |
| 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 | 2.6B | 2.2B | 2.9B | 2.2B | 2.3B |
| Trading Financial Assets | 5.1M | 174,600 | 138,800 | 164,100 | 230,500 |
| Accounts Receivable | 5.9B | 6.9B | 8.4B | 8.6B | 7.8B |
| Notes Receivable | 145.0M | 262.0M | 747.0M | 273.0M | 54.5M |
| Notes And Accounts Receivable | 6.0B | 7.1B | 9.2B | 8.8B | 7.8B |
| Prepayments | 484.0M | 583.0M | 507.0M | 705.0M | 488.0M |
| Inventory | 2.5B | 2.7B | 2.6B | 2.7B | 2.2B |
| Total Current Assets | 11.8B | 13.0B | 15.6B | 15.0B | 13.3B |
| Long Term Equity Investment | 1.9M | 1.9M | 1.7M | 1.8M | 1.7M |
| Fixed Assets | 229.0M | 244.0M | 422.0M | 446.0M | 516.0M |
| Fixed Assets Total | 229.0M | 244.0M | 422.0M | 446.0M | 516.0M |
| Construction In Progress | 3.2M | 1.1M | -- | 1.6M | 5.1M |
| Construction In Progress Total | 3.2M | 1.1M | -- | 1.6M | 5.1M |
| Intangible Assets | 25.0M | 24.4M | 35.6M | 35.8M | 36.6M |
| Long Term Deferred Expenses | 57.8M | 63.4M | 171.0M | 144.0M | 123.0M |
| Total Non Current Assets | 914.0M | 1.0B | 1.5B | 1.6B | 1.7B |
| Total Assets | 12.7B | 14.0B | 17.1B | 16.6B | 14.9B |
| Short Term Borrowings | 1.7B | 2.6B | 3.8B | 4.0B | 3.7B |
| Accounts Payable | 3.8B | 4.0B | 4.9B | 4.3B | 3.9B |
| Advance Receipts | 3.1M | 7.5M | 7.0M | 2.8M | 2.3M |
| Contract Liabilities | 147.0M | 186.0M | 434.0M | 292.0M | 309.0M |
| Total Current Liabilities | 6.8B | 7.9B | 10.9B | 10.5B | 9.1B |
| Long Term Borrowings | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 106.0M | 131.0M | 180.0M | 220.0M | 259.0M |
| Total Liabilities | 6.9B | 8.0B | 11.1B | 10.7B | 9.3B |
| Paid In Capital | 292.0M | 292.0M | 292.0M | 292.0M | 292.0M |
| Capital Reserve | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B |
| Surplus Reserve | 227.0M | 227.0M | 227.0M | 227.0M | 227.0M |
| Retained Earnings | 2.5B | 2.5B | 2.4B | 2.2B | 2.0B |
| Minority Equity | 1.5B | 1.7B | 1.8B | 1.8B | 1.7B |
| Equity Attributable | 4.4B | 4.3B | 4.2B | 4.0B | 3.9B |
| Total Equity | 5.9B | 6.0B | 6.0B | 5.9B | 5.6B |
| 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 | 22.7B | 27.6B | 33.3B | 28.2B | 28.4B |
| Tax Refunds Received | 3.7M | 6.0M | 12.3M | 17.9M | 18.5M |
| Total Operating Cash Inflow | 22.8B | 27.8B | 33.6B | 28.7B | 28.5B |
| Cash Paid For Goods | 20.5B | 26.1B | 30.3B | 26.8B | 25.9B |
| Cash Paid To Employees | 395.0M | 437.0M | 497.0M | 521.0M | 471.0M |
| Taxes Paid | 365.0M | 600.0M | 436.0M | 501.0M | 576.0M |
| Total Operating Cash Outflow | 21.4B | 27.6B | 32.0B | 28.9B | 27.6B |
| Operating Cash Flow | 1.4B | 180.0M | 1.6B | -163.0M | 913.0M |
| Total Investing Cash Inflow | 22.1M | 474.0M | 14.0M | 16.7M | 6.1M |
| Total Investing Cash Outflow | 27.8M | 106.0M | 199.0M | 192.0M | 263.0M |
| Investing Cash Flow | -5.7M | 368.0M | -185.0M | -175.0M | -257.0M |
| Cash From Borrowings | 2.2B | 3.2B | 5.0B | 4.9B | 4.1B |
| Dividends And Interest Paid | 236.0M | 353.0M | 393.0M | 399.0M | 464.0M |
| Debt Repayments | 3.0B | 3.8B | 5.3B | 4.6B | 4.0B |
| Total Financing Cash Inflow | 2.5B | 3.7B | 5.2B | 5.1B | 4.3B |
| Total Financing Cash Outflow | 3.5B | 4.6B | 5.9B | 5.3B | 4.6B |
| Financing Cash Flow | -1.1B | -905.0M | -631.0M | -163.0M | -333.0M |
| Net Change In Cash | 333.0M | -356.0M | 779.0M | -502.0M | 322.0M |
| Ending Cash Balance | 2.5B | 2.1B | 2.5B | 1.7B | 2.2B |
| Capex | 22.8M | 15.4M | 199.0M | 189.0M | 247.0M |