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 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.2B | 5.9B | 7.0B | 7.0B | 5.4B | 5.3B | 4.1B | 3.6B | 3.3B | 2.7B | 2.2B | 2.0B | 2.2B | 2.3B |
| Revenue Growth % | 4.2% | -15.1% | -0.4% | 29.0% | 3.1% | 28.4% | 14.4% | 9.0% | 22.7% | 23.1% | 7.8% | -7.9% | -3.0% | -- |
| Total Revenue | 6.2B | 5.9B | 7.0B | 7.0B | 5.4B | 5.3B | 4.1B | 3.6B | 3.3B | 2.7B | 2.2B | 2.0B | 2.2B | 2.3B |
| Cost Of Revenue | 5.7B | 5.4B | 6.5B | 7.1B | 5.4B | 4.9B | 3.7B | 3.2B | 2.9B | 2.2B | 1.8B | 1.8B | 2.1B | 2.2B |
| Gross Profit | 516.0M | 569.0M | 530.0M | -86.0M | 88.0M | 382.0M | 378.0M | 449.0M | 357.0M | 446.0M | 369.0M | 271.0M | 137.0M | 78.0M |
| Gross Margin % | 8.3% | 9.6% | 7.6% | -1.2% | 1.6% | 7.2% | 9.2% | 12.5% | 10.8% | 16.6% | 16.9% | 13.4% | 6.2% | 3.4% |
| Total Operating Cost | 6.0B | 5.8B | 6.9B | 7.5B | 5.7B | 5.2B | 4.1B | 3.4B | 3.1B | 2.4B | 2.0B | 1.8B | 2.1B | 2.2B |
| Selling Expenses | 121.0M | 154.0M | 146.0M | 170.0M | 118.0M | 169.0M | 253.0M | 199.0M | 122.0M | 137.0M | 129.0M | 57.6M | 37.0M | 29.3M |
| Admin Expenses | 92.1M | 88.9M | 89.4M | 108.0M | 83.9M | 71.0M | 63.8M | 47.9M | 41.8M | 34.5M | 33.4M | 23.4M | 17.3M | 19.3M |
| Rd Expenses | 5.0M | 6.4M | 4.9M | 6.3M | 5.8M | 4.9M | 3.8M | 3.1M | 3.1M | -- | -- | -- | -- | -- |
| Finance Expenses | 8.8M | 102.0M | 128.0M | 97.7M | 30.5M | -1.6M | -1.6M | -2.8M | -2.8M | -8.9M | -7.3M | -4.5M | 969,500 | 5.3M |
| Operating Income | 272.0M | 233.0M | 76.2M | -532.0M | -251.0M | -47.1M | 170.0M | 292.0M | 245.0M | 263.0M | 228.0M | 184.0M | 62.8M | 31.0M |
| Operating Margin % | 4.4% | 3.9% | 1.1% | -7.6% | -4.6% | -0.9% | 4.1% | 8.1% | 7.4% | 9.8% | 10.4% | 9.1% | 2.9% | 1.4% |
| Non Operating Income | 13.8M | 1.9M | 1.5M | 8.0M | 2.5M | 4.0M | 2.1M | 5.6M | 5.0M | 7.0M | 9.5M | 2.5M | 4.4M | 1.1M |
| Non Operating Expenses | 1.5M | 726,800 | 2.0M | 1.4M | -341,900 | 2.0M | 6.2M | 1.7M | 3.1M | 955,200 | 665,100 | 598,300 | 168,100 | 327,100 |
| Investment Income | 29.0M | 61.2M | -65.4M | -22.7M | -73.7M | -193.0M | 98.4M | 45.2M | 53.2M | -15.0M | 16.6M | 280,500 | -14.9M | 10.6M |
| Fair Value Change Income | -6.5M | -15.1M | 35.9M | -11.1M | 14.3M | -16.0M | -775,500 | -1.3M | -1.5M | 1.6M | 1.4M | -2.1M | -261,200 | -467,600 |
| Asset Disposal Income | 198,500 | 7,600 | -3.6M | 790,200 | -- | 11.1M | 52.00 | 66.3M | -- | 92,200 | -- | -- | -- | -- |
| Asset Impairment Loss | 14.3M | 21.1M | 50.2M | 18.8M | 49.7M | 12.5M | 1.4M | 29.0M | 2.3M | 614,800 | 1,600 | 4.9M | 2.6M | 3.1M |
| Other Income | 18.1M | 14.5M | 22.3M | 18.5M | 21.7M | 40.9M | 24.8M | 17.1M | 11.8M | -- | -- | -- | -- | -- |
| Income Before Tax | 285.0M | 234.0M | 75.7M | -525.0M | -248.0M | -45.1M | 166.0M | 296.0M | 247.0M | 269.0M | 237.0M | 186.0M | 67.0M | 31.8M |
| Income Tax | 42.8M | 54.6M | -8.3M | -96.1M | -50.4M | 32.1M | 41.5M | 74.5M | 55.2M | 63.2M | 53.6M | 41.3M | 15.4M | 12.7M |
| Net Income | 242.0M | 179.0M | 84.1M | -429.0M | -198.0M | -77.2M | 124.0M | 222.0M | 191.0M | 206.0M | 183.0M | 145.0M | 51.7M | 19.0M |
| Net Margin % | 3.9% | 3.0% | 1.2% | -6.1% | -3.6% | -1.5% | 3.0% | 6.2% | 5.8% | 7.7% | 8.4% | 7.1% | 2.3% | 0.8% |
| Net Income Attributable | 234.0M | 177.0M | 75.8M | -418.0M | -192.0M | -76.5M | 129.0M | 220.0M | 191.0M | 206.0M | 183.0M | 145.0M | 51.7M | 21.1M |
| Minority Interest | 8.3M | 2.2M | 8.3M | -10.9M | -6.1M | -655,400 | -4.6M | 1.9M | -- | -- | -- | -- | -- | -2.1M |
| Eps Basic | 0.68 | 0.51 | 0.22 | -1.22 | -0.69 | -0.28 | 0.45 | 0.76 | 0.71 | 1.61 | 2.44 | 1.93 | -- | -- |
| Eps Diluted | 0.68 | 0.51 | 0.22 | -1.22 | -0.69 | -0.28 | 0.45 | 0.76 | 0.71 | 1.61 | 2.44 | 1.93 | -- | -- |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 556.0M | 289.0M | 257.0M | 348.0M | 413.0M | 382.0M | 244.0M | 272.0M | 194.0M | 194.0M | 414.0M | 226.0M | 236.0M | 93.3M |
| Trading Financial Assets | -- | 1.3M | -- | -- | 40.6M | -- | 234.0M | -- | -- | -- | 1.4M | -- | -- | -- |
| Accounts Receivable | 123.0M | 75.0M | 82.7M | 103.0M | 83.3M | 85.9M | 38.2M | 25.5M | 27.0M | 6.9M | 3.2M | 1.4M | 2.1M | 2.6M |
| Notes And Accounts Receivable | 123.0M | 75.0M | 82.7M | 103.0M | 83.3M | 85.9M | 38.2M | 25.5M | 27.0M | 6.9M | 3.2M | 1.4M | 2.1M | 2.6M |
| Prepayments | 146.0M | 85.0M | 13.8M | 89.1M | 150.0M | 210.0M | 134.0M | 96.8M | 153.0M | 160.0M | 117.0M | 76.1M | 70.4M | 85.9M |
| Inventory | 1.0B | 1.1B | 1.8B | 1.5B | 858.0M | 875.0M | 899.0M | 501.0M | 590.0M | 234.0M | 105.0M | 138.0M | 204.0M | 125.0M |
| Total Current Assets | 1.9B | 1.8B | 2.4B | 2.3B | 1.8B | 1.8B | 1.7B | 1.9B | 1.9B | 681.0M | 671.0M | 517.0M | 541.0M | 331.0M |
| Fixed Assets | 1.6B | 1.8B | 1.9B | 2.0B | 1.4B | 739.0M | 786.0M | 672.0M | 611.0M | 115.0M | 117.0M | 118.0M | 101.0M | 95.6M |
| Fixed Assets Total | 1.6B | 1.8B | 1.9B | 2.0B | 1.4B | 739.0M | 786.0M | 672.0M | 611.0M | 115.0M | 117.0M | 118.0M | 101.0M | 95.7M |
| Construction In Progress | 172.0M | 36.4M | 12.3M | 7.0M | 571.0M | 711.0M | 4.4M | 29.0M | 4.3M | 326.0M | 12.5M | 624,800 | 11.5M | 28,000 |
| Construction In Progress Total | 172.0M | 36.4M | 12.3M | 7.0M | 571.0M | 711.0M | 4.4M | 29.0M | 4.3M | 326.0M | 12.5M | 624,800 | 11.5M | 28,000 |
| Intangible Assets | 313.0M | 324.0M | 330.0M | 339.0M | 156.0M | 161.0M | 166.0M | 104.0M | 101.0M | 99.4M | 102.0M | 22.0M | 16.9M | 13.3M |
| Total Non Current Assets | 2.2B | 2.3B | 2.4B | 2.5B | 2.3B | 1.7B | 1.0B | 850.0M | 727.0M | 550.0M | 259.0M | 149.0M | 135.0M | 121.0M |
| Total Assets | 4.2B | 4.0B | 4.8B | 4.9B | 4.1B | 3.5B | 2.7B | 2.8B | 2.6B | 1.2B | 930.0M | 667.0M | 676.0M | 452.0M |
| Short Term Borrowings | 995.0M | 1.0B | 1.6B | 960.0M | 809.0M | 761.0M | -- | -- | -- | -- | -- | -- | 51.2M | 25.6M |
| Accounts Payable | 381.0M | 368.0M | 734.0M | 1.1B | 456.0M | 299.0M | 298.0M | 153.0M | 162.0M | 42.1M | 32.4M | 19.4M | 88.0M | 79.8M |
| Advance Receipts | -- | -- | -- | -- | -- | -- | 161.0M | 119.0M | 376.0M | 330.0M | 232.0M | 223.0M | 280.0M | 179.0M |
| Contract Liabilities | 287.0M | 250.0M | 186.0M | 530.0M | 226.0M | 253.0M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 1.8B | 1.8B | 2.6B | 2.7B | 1.6B | 1.5B | 586.0M | 512.0M | 640.0M | 477.0M | 364.0M | 348.0M | 481.0M | 321.0M |
| Total Non Current Liabilities | 76.8M | 84.9M | 87.5M | 81.1M | 84.7M | 92.2M | 87.8M | 84.0M | 85.4M | 90.2M | 88.0M | 9.6M | 9.0M | 6.7M |
| Total Liabilities | 1.9B | 1.9B | 2.7B | 2.8B | 1.7B | 1.6B | 674.0M | 596.0M | 725.0M | 567.0M | 452.0M | 358.0M | 490.0M | 328.0M |
| Paid In Capital | 344.0M | 344.0M | 344.0M | 359.0M | 359.0M | 289.0M | 289.0M | 289.0M | 170.0M | 75.0M | 75.0M | 75.0M | 75.0M | 69.0M |
| Capital Reserve | 1.6B | 1.6B | 1.6B | 1.8B | 1.8B | 1.1B | 1.0B | 1.0B | 1.1B | 121.0M | 121.0M | 121.0M | 9.3M | -- |
| Surplus Reserve | 99.1M | 88.2M | 82.7M | 78.1M | 78.1M | 78.1M | 78.1M | 38.3M | 38.3M | 36.0M | 23.0M | 10.7M | 21.1M | 16.5M |
| Retained Earnings | 209.0M | 91.2M | -26.2M | -21.9M | 396.0M | 615.0M | 719.0M | 746.0M | 565.0M | 417.0M | 262.0M | 121.0M | 87.9M | 40.8M |
| Minority Equity | 55.7M | 53.6M | 53.3M | 45.0M | 56.0M | 61.3M | 60.4M | 65.0M | -- | -- | -- | -- | -- | -2.7M |
| Equity Attributable | 2.2B | 2.1B | 2.0B | 2.0B | 2.4B | 1.8B | 2.0B | 2.1B | 1.9B | 664.0M | 478.0M | 309.0M | 186.0M | 127.0M |
| Total Equity | 2.3B | 2.2B | 2.0B | 2.0B | 2.5B | 1.9B | 2.0B | 2.2B | 1.9B | 664.0M | 478.0M | 309.0M | 186.0M | 124.0M |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 6.9B | 6.9B | 7.3B | 8.0B | 6.1B | 6.0B | 4.6B | 3.7B | 3.7B | 3.1B | 2.5B | 2.2B | 2.6B | 2.6B |
| Tax Refunds Received | -- | -- | 81.6M | 271.0M | 12.9M | 15.3M | -- | -- | -- | -- | -- | -- | 108,500 | -- |
| Total Operating Cash Inflow | 7.8B | 7.2B | 7.7B | 9.0B | 6.3B | 6.1B | 4.7B | 3.9B | 3.9B | 3.2B | 2.7B | 2.3B | 2.8B | 2.8B |
| Cash Paid For Goods | 5.7B | 3.4B | 4.1B | 6.3B | 5.9B | 5.7B | 4.4B | 3.3B | 3.6B | 2.7B | 2.0B | 1.9B | 2.4B | 2.3B |
| Cash Paid To Employees | 141.0M | 113.0M | 115.0M | 106.0M | 100.0M | 90.2M | 76.0M | 60.5M | 54.1M | 44.2M | 37.3M | 30.6M | 22.4M | 18.9M |
| Taxes Paid | 91.2M | 87.6M | 65.5M | 104.0M | 60.9M | 68.2M | 84.7M | 87.3M | 90.6M | 124.0M | 97.2M | 57.1M | 16.4M | 7.9M |
| Total Operating Cash Outflow | 6.8B | 4.1B | 4.7B | 7.5B | 6.4B | 6.1B | 4.9B | 3.7B | 4.0B | 3.1B | 2.4B | 2.2B | 2.7B | 2.6B |
| Operating Cash Flow | 993.0M | 3.2B | 3.0B | 1.5B | -87.3M | 56.5M | -177.0M | 206.0M | -60.0M | 140.0M | 325.0M | 93.8M | 112.0M | 160.0M |
| Total Investing Cash Inflow | 136.0M | 407.0M | 125.0M | 42.4M | 201.0M | 922.0M | 2.0B | 3.0B | 1.6B | 187,700 | 17,900 | 189,800 | 55,100 | -- |
| Total Investing Cash Outflow | 252.0M | 417.0M | 206.0M | 447.0M | 874.0M | 1.5B | 1.5B | 3.2B | 2.7B | 329.0M | 109.0M | 33.9M | 13.1M | 41.9M |
| Investing Cash Flow | -116.0M | -10.0M | -80.8M | -405.0M | -673.0M | -607.0M | 424.0M | -150.0M | -1.0B | -329.0M | -109.0M | -33.7M | -13.1M | -41.9M |
| Cash From Borrowings | 2.9B | 2.1B | 3.0B | 1.9B | 1.9B | 760.0M | -- | -- | -- | -- | -- | -- | 165.0M | 190.0M |
| Dividends And Interest Paid | 146.0M | 107.0M | 162.0M | 49.3M | 55.7M | 33.7M | 116.0M | 41.4M | 43.0M | 36.2M | 26.5M | 10.6M | 5.5M | 23.4M |
| Debt Repayments | 3.4B | 5.1B | 5.8B | 3.0B | 1.8B | -- | -- | -- | -- | -- | -- | 51.2M | 140.0M | 264.0M |
| Total Financing Cash Inflow | 2.9B | 2.1B | 3.0B | 1.9B | 2.7B | 762.0M | -- | 63.8M | 1.1B | -- | -- | -- | 183.0M | 190.0M |
| Total Financing Cash Outflow | 3.6B | 5.2B | 5.9B | 3.1B | 1.9B | 82.6M | 275.0M | 41.4M | 52.7M | 36.2M | 26.5M | 61.8M | 145.0M | 288.0M |
| Financing Cash Flow | -618.0M | -3.1B | -3.0B | -1.2B | 769.0M | 679.0M | -275.0M | 22.3M | 1.1B | -36.2M | -26.5M | -61.8M | 38.4M | -98.0M |
| Net Change In Cash | 258.0M | 39.1M | -88.0M | -58.5M | 8.6M | 131.0M | -28.7M | 78.2M | 6.4M | -226.0M | 189.0M | -1.7M | 137.0M | 20.0M |
| Ending Cash Balance | 534.0M | 276.0M | 237.0M | 325.0M | 384.0M | 375.0M | 244.0M | 272.0M | 194.0M | 188.0M | 413.0M | 224.0M | 226.0M | 88.8M |
| Capex | 143.0M | 113.0M | 102.0M | 352.0M | 579.0M | 603.0M | 270.0M | 230.0M | 149.0M | 329.0M | 109.0M | 33.9M | 13.1M | 41.9M |