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 | 823.0M | 1.2B | 1.8B | 1.7B | 1.7B |
| Revenue Growth % | -29.0% | -35.6% | 8.6% | -4.1% | -- |
| Total Revenue | 823.0M | 1.2B | 1.8B | 1.7B | 1.7B |
| Cost Of Revenue | 558.0M | 892.0M | 1.5B | 1.4B | 1.4B |
| Gross Profit | 265.0M | 267.0M | 289.0M | 284.0M | 349.0M |
| Gross Margin % | 32.2% | 23.0% | 16.1% | 17.1% | 20.2% |
| Total Operating Cost | 784.0M | 1.3B | 2.0B | 1.8B | 1.8B |
| Selling Expenses | 41.5M | 43.8M | 39.9M | 36.5M | 56.8M |
| Admin Expenses | 156.0M | 126.0M | 141.0M | 117.0M | 118.0M |
| Rd Expenses | 35.1M | 51.8M | 60.5M | 78.1M | 73.5M |
| Finance Expenses | -12.9M | 98.8M | 168.0M | 178.0M | 143.0M |
| Operating Income | 458.0M | -104.0M | -114.0M | -120.0M | -27.9M |
| Operating Margin % | 55.7% | -9.0% | -6.3% | -7.2% | -1.6% |
| Non Operating Income | 11,000 | 63,000 | 3.3M | 447,900 | 1.5M |
| Non Operating Expenses | 74.9M | 722.0M | 92.8M | 10.5M | 319,500 |
| Investment Income | 415.0M | 120,500 | -- | -- | -- |
| Fair Value Change Income | -- | -- | -- | -- | -- |
| Asset Disposal Income | -25,400 | 36.5M | 32.2M | 15.9M | 6.8M |
| Asset Impairment Loss | 6.7M | 29.7M | 29.8M | 12.5M | 707,500 |
| Other Income | 3.3M | -30.2M | 13.8M | 17.1M | 12.1M |
| Income Before Tax | 383.0M | -826.0M | -203.0M | -130.0M | -26.7M |
| Income Tax | 21.2M | 5.7M | 10.2M | 5.4M | 19.2M |
| Net Income | 362.0M | -832.0M | -213.0M | -135.0M | -45.9M |
| Net Margin % | 44.0% | -71.8% | -11.8% | -8.1% | -2.7% |
| Net Income Attributable | 360.0M | -833.0M | -215.0M | -141.0M | -52.4M |
| Minority Interest | 2.3M | 1.1M | 2.0M | 5.4M | 6.5M |
| Eps Basic | 0.35 | -1.49 | -0.38 | -0.25 | -0.09 |
| Eps Diluted | 0.35 | -1.49 | -0.38 | -0.25 | -0.09 |
| 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 | 4.4B | 3.1B | 2.8B | 3.0B | 1.9B |
| Trading Financial Assets | -- | -- | -- | -- | -- |
| Accounts Receivable | 14.3M | 90.6M | 60.7M | 66.8M | 92.1M |
| Notes Receivable | -- | -- | -- | -- | -- |
| Notes And Accounts Receivable | 14.3M | 90.6M | 60.7M | 66.8M | 92.1M |
| Prepayments | 4.7M | 18.2M | 19.6M | 7.8M | 8.9M |
| Inventory | -- | -- | -- | -- | 105,100 |
| Total Current Assets | 4.5B | 3.4B | 3.0B | 3.2B | 2.1B |
| Long Term Equity Investment | -- | -- | -- | -- | -- |
| Fixed Assets | 6.2M | 13.0M | 124.0M | 227.0M | 246.0M |
| Fixed Assets Total | 6.2M | 13.0M | 124.0M | 227.0M | 246.0M |
| Construction In Progress | -- | -- | -- | -- | -- |
| Construction In Progress Total | -- | -- | -- | -- | -- |
| Intangible Assets | 543,900 | 1.5M | 2.5M | 8.8M | 16.8M |
| Long Term Deferred Expenses | 186,700 | 71,000 | -- | 3.5M | 5.8M |
| Total Non Current Assets | 1.0B | 1.2B | 1.4B | 1.6B | 1.6B |
| Total Assets | 5.5B | 4.6B | 4.4B | 4.8B | 3.8B |
| Short Term Borrowings | -- | 175.0M | 176.0M | 180.0M | 186.0M |
| Accounts Payable | 68.1M | 105.0M | 222.0M | 193.0M | 168.0M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 256,300 | 319,600 | 840,200 | 325,800 | 191,200 |
| Total Current Liabilities | 4.1B | 4.5B | 4.3B | 4.5B | 3.3B |
| Long Term Borrowings | 39.4M | -- | -- | -- | -- |
| Total Non Current Liabilities | 785.0M | 757.0M | 30.7M | 41.4M | 50.3M |
| Total Liabilities | 4.9B | 5.2B | 4.3B | 4.6B | 3.4B |
| Paid In Capital | 1.1B | 560.0M | 560.0M | 560.0M | 560.0M |
| Capital Reserve | 1.0B | 452.0M | 291.0M | 191.0M | 191.0M |
| Surplus Reserve | 43.5M | 43.5M | 43.5M | 43.5M | 43.5M |
| Retained Earnings | -1.3B | -1.5B | -703.0M | -487.0M | -347.0M |
| Minority Equity | 44.7M | 55.8M | 54.6M | 52.6M | 47.2M |
| Equity Attributable | 562.0M | -705.0M | 60.5M | 187.0M | 349.0M |
| Total Equity | 606.0M | -649.0M | 115.0M | 240.0M | 397.0M |
| 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 | 967.0M | 1.2B | 1.9B | 1.5B | 1.8B |
| Tax Refunds Received | -- | -- | 2.0M | -- | 274,300 |
| Total Operating Cash Inflow | 1.1B | 1.5B | 2.2B | 2.0B | 2.2B |
| Cash Paid For Goods | 626.0M | 948.0M | 1.5B | 1.3B | 1.4B |
| Cash Paid To Employees | 125.0M | 114.0M | 143.0M | 135.0M | 123.0M |
| Taxes Paid | 32.7M | 46.1M | 8.7M | 26.3M | 28.0M |
| Total Operating Cash Outflow | 1.1B | 1.4B | 2.0B | 1.8B | 1.9B |
| Operating Cash Flow | 60.1M | 54.8M | 163.0M | 213.0M | 266.0M |
| Total Investing Cash Inflow | 51.1M | 120,500 | 343,200 | 1,250 | 29.8M |
| Total Investing Cash Outflow | 63.0M | 43.9M | 138.0M | 170.0M | 210.0M |
| Investing Cash Flow | -11.9M | -43.8M | -138.0M | -170.0M | -180.0M |
| Cash From Borrowings | -- | -- | -- | 2.0M | -- |
| Dividends And Interest Paid | 52.9M | -- | 12.00 | 1.4M | 51.8M |
| Debt Repayments | 131.0M | 1.2M | 4.2M | 5.0M | 192.0M |
| Total Financing Cash Inflow | 392.0M | 2.2M | 1.0M | 4.1M | 156.0M |
| Total Financing Cash Outflow | 194.0M | 19.1M | 20.4M | 41.8M | 276.0M |
| Financing Cash Flow | 197.0M | -16.9M | -19.4M | -37.8M | -120.0M |
| Net Change In Cash | 248.0M | -5.9M | 5.3M | 5.1M | -34.4M |
| Ending Cash Balance | 270.0M | 22.4M | 28.3M | 23.0M | 17.9M |
| Capex | 3.0M | 41.1M | 138.0M | 170.0M | 210.0M |