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 | 1.1B | 1.5B | 950.0M | 1.2B | 1.3B |
| Revenue Growth % | -25.7% | 61.1% | -23.4% | -4.7% | -- |
| Total Revenue | 1.1B | 1.5B | 950.0M | 1.2B | 1.3B |
| Cost Of Revenue | 1.1B | 1.5B | 866.0M | 1.2B | 1.2B |
| Gross Profit | 44.0M | 74.0M | 84.0M | 84.0M | 133.0M |
| Gross Margin % | 3.9% | 4.8% | 8.8% | 6.8% | 10.2% |
| Total Operating Cost | 1.2B | 1.5B | 934.0M | 1.2B | 1.2B |
| Selling Expenses | 14.7M | 15.3M | 14.9M | 16.6M | 18.8M |
| Admin Expenses | 23.9M | 28.1M | 32.5M | 26.8M | 26.1M |
| Rd Expenses | -- | -- | -- | -- | 220,900 |
| Finance Expenses | 15.7M | 9.1M | 10.2M | 13.2M | 15.8M |
| Operating Income | -29.4M | 16.7M | 16.5M | 17.1M | 57.8M |
| Operating Margin % | -2.6% | 1.1% | 1.7% | 1.4% | 4.4% |
| Non Operating Income | 6.9M | 224,600 | -21,400 | 217,500 | 734,200 |
| Non Operating Expenses | 6.8M | 6.3M | 47.5M | -3.8M | 69,700 |
| Investment Income | 1.0M | 3.9M | -692,300 | -665,700 | -3.7M |
| Fair Value Change Income | 786,900 | -13,100 | 65,100 | 292,700 | -- |
| Asset Disposal Income | -11,200 | -187,600 | -780,200 | -188,600 | -293,500 |
| Asset Impairment Loss | -9.9M | 4.3M | 9.2M | 51,000 | 1.1M |
| Other Income | 1.4M | 1.4M | 1.5M | 1.6M | 1.6M |
| Income Before Tax | -29.3M | 10.6M | -31.0M | 21.1M | 58.4M |
| Income Tax | -3.0M | -231,600 | -4.0M | 9.0M | 6.5M |
| Net Income | -26.3M | 10.8M | -27.0M | 12.1M | 51.9M |
| Net Margin % | -2.3% | 0.7% | -2.8% | 1.0% | 4.0% |
| Net Income Attributable | -23.8M | 8.9M | -43.4M | 3.5M | 40.1M |
| Minority Interest | -2.5M | 1.9M | 16.3M | 8.6M | 11.8M |
| Eps Basic | -0.16 | 0.06 | -0.28 | 0.03 | 0.38 |
| Eps Diluted | -0.16 | 0.06 | -0.28 | 0.03 | 0.38 |
| 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 | 80.6M | 143.0M | 171.0M | 304.0M | 259.0M |
| Trading Financial Assets | 85,800 | 513,400 | 759,900 | -- | -- |
| Accounts Receivable | 426.0M | 514.0M | 239.0M | 290.0M | 296.0M |
| Notes Receivable | 10.6M | 8.2M | 55.2M | 59.0M | 113.0M |
| Notes And Accounts Receivable | 437.0M | 522.0M | 294.0M | 349.0M | 409.0M |
| Prepayments | 47.0M | 53.4M | 29.0M | 68.4M | 36.2M |
| Inventory | 104.0M | 68.6M | 78.6M | 61.1M | 71.6M |
| Total Current Assets | 761.0M | 929.0M | 620.0M | 898.0M | 863.0M |
| Long Term Equity Investment | 19.3M | 24.7M | 20.4M | 17.8M | 15.4M |
| Fixed Assets | 36.2M | 36.7M | 39.6M | 44.3M | 46.3M |
| Fixed Assets Total | 36.2M | 36.7M | 39.6M | 44.3M | 46.3M |
| Construction In Progress | -- | -- | -- | -- | -- |
| Construction In Progress Total | -- | -- | -- | -- | -- |
| Intangible Assets | 98,400 | 133,700 | 265,000 | 810,400 | 1.3M |
| Long Term Deferred Expenses | 821,700 | 640,000 | 819,300 | 772,500 | 161,900 |
| Total Non Current Assets | 220.0M | 220.0M | 218.0M | 211.0M | 194.0M |
| Total Assets | 980.0M | 1.1B | 838.0M | 1.1B | 1.1B |
| Short Term Borrowings | 323.0M | 401.0M | 144.0M | 408.0M | 324.0M |
| Accounts Payable | 37.2M | 42.3M | 18.7M | 36.3M | 32.7M |
| Advance Receipts | 2.3M | 2.2M | 2.1M | 962,700 | 1.5M |
| Contract Liabilities | 26.8M | 21.9M | 2.0M | 19.0M | 1.5M |
| Total Current Liabilities | 450.0M | 540.0M | 222.0M | 499.0M | 435.0M |
| Long Term Borrowings | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 30.0M | 81.2M | 79.7M | 33.9M | 39.8M |
| Total Liabilities | 480.0M | 621.0M | 302.0M | 533.0M | 474.0M |
| Paid In Capital | 152.0M | 152.0M | 109.0M | 109.0M | 109.0M |
| Capital Reserve | 118.0M | 118.0M | 165.0M | 165.0M | 165.0M |
| Surplus Reserve | 31.1M | 31.1M | 31.1M | 31.1M | 25.1M |
| Retained Earnings | 191.0M | 218.0M | 209.0M | 252.0M | 267.0M |
| Minority Equity | 8.1M | 9.0M | 22.1M | 18.5M | 17.1M |
| Equity Attributable | 492.0M | 519.0M | 513.0M | 557.0M | 566.0M |
| Total Equity | 500.0M | 528.0M | 536.0M | 575.0M | 583.0M |
| 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 | 1.2B | 1.8B | 1.2B | 1.6B | 1.6B |
| Tax Refunds Received | 11.3M | 1.9M | 570,900 | 7.8M | 2.6M |
| Total Operating Cash Inflow | 1.6B | 1.9B | 1.3B | 1.7B | 1.7B |
| Cash Paid For Goods | 1.3B | 2.0B | 1.1B | 1.6B | 1.5B |
| Cash Paid To Employees | 26.6M | 25.6M | 30.0M | 33.4M | 32.5M |
| Taxes Paid | 8.6M | 16.2M | 20.2M | 35.7M | 21.0M |
| Total Operating Cash Outflow | 1.5B | 2.2B | 1.2B | 1.7B | 1.6B |
| Operating Cash Flow | 56.6M | -307.0M | 107.0M | 355,700 | 75.6M |
| Total Investing Cash Inflow | 9.3M | 490,300 | 1.1M | 657,500 | 508,000 |
| Total Investing Cash Outflow | 1.9M | 2.6M | 3.5M | 25.3M | 31.9M |
| Investing Cash Flow | 7.3M | -2.1M | -2.3M | -24.6M | -31.4M |
| Cash From Borrowings | 364.0M | 505.0M | 252.0M | 410.0M | 322.0M |
| Dividends And Interest Paid | 19.8M | 11.6M | 22.4M | 32.9M | 22.7M |
| Debt Repayments | 440.0M | 239.0M | 493.0M | 297.0M | 297.0M |
| Total Financing Cash Inflow | 364.0M | 547.0M | 315.0M | 695.0M | 420.0M |
| Total Financing Cash Outflow | 462.0M | 313.0M | 556.0M | 625.0M | 333.0M |
| Financing Cash Flow | -97.5M | 234.0M | -241.0M | 70.0M | 87.4M |
| Net Change In Cash | -33.7M | -74.7M | -137.0M | 45.8M | 132.0M |
| Ending Cash Balance | 53.1M | 86.8M | 161.0M | 298.0M | 253.0M |
| Capex | 1.4M | 2.6M | 3.5M | 5.5M | 15.8M |