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 | 3.1B | 2.9B | 3.0B | 1.8B | 353.0M |
| Revenue Growth % | 8.7% | -4.9% | 69.8% | 407.4% | -- |
| Total Revenue | 3.1B | 2.9B | 3.0B | 1.8B | 353.0M |
| Cost Of Revenue | 2.6B | 2.5B | 2.7B | 1.4B | 306.0M |
| Gross Profit | 524.0M | 424.0M | 366.0M | 347.0M | 47.0M |
| Gross Margin % | 16.7% | 14.7% | 12.0% | 19.4% | 13.3% |
| Total Operating Cost | 3.0B | 2.9B | 3.3B | 1.7B | 366.0M |
| Selling Expenses | 31.3M | 25.7M | 28.6M | 11.3M | 3.5M |
| Admin Expenses | 129.0M | 131.0M | 197.0M | 95.5M | 30.5M |
| Rd Expenses | 97.5M | 89.9M | 118.0M | 58.8M | 15.3M |
| Finance Expenses | 64.7M | 47.9M | 44.7M | 14.3M | -801,900 |
| Operating Income | 142.0M | 78.8M | -228.0M | 106.0M | 5.6M |
| Operating Margin % | 4.5% | 2.7% | -7.5% | 5.9% | 1.6% |
| Non Operating Income | 2.7M | 278.0M | 417.0M | 377,000 | 2.0M |
| Non Operating Expenses | 2.5M | 3.2M | 1.9M | 20.9M | 1.2M |
| Investment Income | -14.1M | 75.7M | -33.7M | 2.6M | 13.4M |
| Asset Disposal Income | -2.7M | 300,000 | 849,200 | 40,600 | 1.3M |
| Asset Impairment Loss | 9.9M | 116.0M | 180.0M | 17.2M | 6.7M |
| Other Income | 20.8M | 24.9M | 25.0M | 7.4M | 3.3M |
| Income Before Tax | 142.0M | 353.0M | 188.0M | 86.0M | 6.5M |
| Income Tax | 36.4M | 89.7M | 1.5M | 25.2M | 91,100 |
| Net Income | 105.0M | 263.0M | 186.0M | 60.7M | 6.4M |
| Net Margin % | 3.3% | 9.1% | 6.1% | 3.4% | 1.8% |
| Net Income Attributable | 124.0M | 248.0M | 185.0M | 70.9M | 6.4M |
| Minority Interest | -18.8M | 15.8M | 845,200 | -10.1M | -- |
| Eps Basic | 0.31 | 0.59 | 0.43 | 0.18 | 1.69 |
| Eps Diluted | 0.31 | 0.59 | 0.43 | 0.18 | 0.02 |
| 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 | 470.0M | 537.0M | 593.0M | 722.0M | 115.0M |
| Trading Financial Assets | -- | -- | -- | 40.0M | 85.0M |
| Accounts Receivable | 931.0M | 723.0M | 848.0M | 1.0B | 80.3M |
| Notes Receivable | 452.0M | 391.0M | 430.0M | 462.0M | -- |
| Notes And Accounts Receivable | 1.4B | 1.1B | 1.3B | 1.5B | 80.3M |
| Prepayments | 36.9M | 14.5M | 21.5M | 14.4M | 1.1M |
| Inventory | 735.0M | 679.0M | 712.0M | 554.0M | 132.0M |
| Total Current Assets | 2.7B | 2.5B | 2.9B | 3.0B | 453.0M |
| Long Term Equity Investment | 85.4M | 91.2M | 92.5M | 129.0M | 102.0M |
| Fixed Assets | 1.6B | 1.6B | 1.6B | 1.7B | 190.0M |
| Fixed Assets Total | 1.6B | 1.6B | 1.6B | 1.7B | 190.0M |
| Construction In Progress | 65.5M | 131.0M | 143.0M | 212.0M | -- |
| Construction In Progress Total | 65.5M | 131.0M | 143.0M | 212.0M | -- |
| Intangible Assets | 335.0M | 359.0M | 404.0M | 418.0M | 30.9M |
| Long Term Deferred Expenses | 11.1M | -- | -- | -- | -- |
| Total Non Current Assets | 2.2B | 2.3B | 2.4B | 2.7B | 331.0M |
| Total Assets | 4.9B | 4.8B | 5.3B | 5.7B | 784.0M |
| Short Term Borrowings | 1.3B | 1.3B | 1.1B | 697.0M | -- |
| Accounts Payable | 389.0M | 343.0M | 356.0M | 520.0M | 42.8M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 3.5M | 2.1M | 17.2M | 29.4M | 24.0M |
| Total Current Liabilities | 2.5B | 2.5B | 2.6B | 2.3B | 86.4M |
| Long Term Borrowings | 244.0M | 198.0M | 491.0M | 224.0M | -- |
| Total Non Current Liabilities | 348.0M | 317.0M | 630.0M | 558.0M | 20.8M |
| Total Liabilities | 2.8B | 2.8B | 3.2B | 2.8B | 107.0M |
| Paid In Capital | 388.0M | 409.0M | 428.0M | 436.0M | 306.0M |
| Capital Reserve | 612.0M | 861.0M | 1.1B | 1.8B | 409.0M |
| Surplus Reserve | 102.0M | 100.0M | 87.3M | 70.5M | 26.3M |
| Retained Earnings | 396.0M | 349.0M | 171.0M | 22.2M | -64.8M |
| Minority Equity | 565.0M | 584.0M | 568.0M | 527.0M | -- |
| Equity Attributable | 1.5B | 1.4B | 1.5B | 2.4B | 677.0M |
| Total Equity | 2.1B | 2.0B | 2.1B | 2.9B | 677.0M |
| 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 | 2.6B | 2.0B | 2.0B | 1.1B | 286.0M |
| Tax Refunds Received | 2.1M | 6.1M | 25.1M | 21.6M | 5.2M |
| Total Operating Cash Inflow | 2.7B | 2.0B | 2.1B | 1.7B | 296.0M |
| Cash Paid For Goods | 2.0B | 1.7B | 1.6B | 784.0M | 144.0M |
| Cash Paid To Employees | 253.0M | 238.0M | 345.0M | 154.0M | 49.4M |
| Taxes Paid | 138.0M | 65.8M | 76.7M | 48.1M | 33.2M |
| Total Operating Cash Outflow | 2.5B | 2.1B | 2.1B | 1.6B | 246.0M |
| Operating Cash Flow | 182.0M | -78.2M | -54.9M | 86.6M | 49.9M |
| Total Investing Cash Inflow | 1.1M | 344.0M | 331.0M | 358.0M | 291.0M |
| Total Investing Cash Outflow | 64.0M | 204.0M | 992.0M | 322.0M | 254.0M |
| Investing Cash Flow | -62.9M | 140.0M | -661.0M | 36.1M | 36.3M |
| Cash From Borrowings | 1.7B | 1.8B | 1.6B | 444.0M | -- |
| Dividends And Interest Paid | 144.0M | 124.0M | 58.1M | 16.6M | -- |
| Debt Repayments | 1.7B | 1.8B | 804.0M | 352.0M | -- |
| Total Financing Cash Inflow | 1.7B | 1.8B | 1.7B | 730.0M | -- |
| Total Financing Cash Outflow | 1.9B | 1.9B | 1.1B | 519.0M | -- |
| Financing Cash Flow | -135.0M | -103.0M | 595.0M | 210.0M | -- |
| Net Change In Cash | -16.8M | -39.1M | -120.0M | 333.0M | 85.7M |
| Ending Cash Balance | 340.0M | 356.0M | 396.0M | 516.0M | 115.0M |
| Capex | 64.0M | 203.0M | 187.0M | 51.8M | 1.3M |