Income Statement
Balance Sheet
Cash Flow
| Line Item | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.9B | 2.1B | 2.3B | 2.0B | 1.1B | 933.0M | 990.0M | 642.0M | 480.0M | 389.0M | 303.0M | 234.0M |
| Revenue Growth % | 37.0% | -6.9% | 17.1% | 75.6% | 20.2% | -5.8% | 54.2% | 33.8% | 23.4% | 28.4% | 29.5% | -- |
| Total Revenue | 2.9B | 2.1B | 2.3B | 2.0B | 1.1B | 933.0M | 990.0M | 642.0M | 480.0M | 389.0M | 303.0M | 234.0M |
| Cost Of Revenue | 2.4B | 1.7B | 1.9B | 1.6B | 883.0M | 746.0M | 827.0M | 488.0M | 366.0M | 299.0M | 233.0M | 184.0M |
| Gross Profit | 501.0M | 411.0M | 412.0M | 371.0M | 238.0M | 187.0M | 163.0M | 154.0M | 114.0M | 90.0M | 70.0M | 50.0M |
| Gross Margin % | 17.0% | 19.1% | 17.9% | 18.8% | 21.2% | 20.0% | 16.5% | 24.0% | 23.8% | 23.1% | 23.1% | 21.4% |
| Total Operating Cost | 2.8B | 2.1B | 2.2B | 1.9B | 1.1B | 915.0M | 955.0M | 587.0M | 429.0M | 354.0M | 278.0M | 214.0M |
| Selling Expenses | 59.2M | 63.8M | 46.4M | 35.2M | 27.5M | 21.1M | 14.2M | 11.1M | 7.8M | 5.6M | 6.8M | 1.8M |
| Admin Expenses | 63.0M | 61.0M | 54.3M | 46.0M | 32.3M | 30.0M | 28.8M | 32.5M | 44.3M | 38.5M | 34.2M | 21.8M |
| Rd Expenses | 208.0M | 214.0M | 186.0M | 169.0M | 141.0M | 85.2M | 55.1M | 45.9M | -- | -- | -- | -- |
| Finance Expenses | 32.5M | 10.8M | 19.8M | 18.7M | 1.4M | 804,600 | 8.5M | 3.0M | 5.2M | 5.3M | 2.1M | 1.8M |
| Operating Income | 126.0M | 63.6M | 150.0M | 114.0M | 16.6M | 19.0M | 46.8M | 62.4M | 50.5M | 34.6M | 27.0M | 20.5M |
| Operating Margin % | 4.3% | 3.0% | 6.5% | 5.8% | 1.5% | 2.0% | 4.7% | 9.7% | 10.5% | 8.9% | 8.9% | 8.8% |
| Non Operating Income | 112,800 | 13,800 | 0.00 | 5.00 | 128,100 | 26,300 | 1.2M | 16,100 | 6.7M | 2.1M | 1.3M | 368,400 |
| Non Operating Expenses | 1.5M | 529,500 | 230,900 | 4,400 | 1.6M | 197,100 | 500.00 | 71,000 | 803,700 | 1.7M | 210,000 | 273,100 |
| Investment Income | -7.9M | -6.1M | -5.9M | -3.3M | 429,000 | 2.5M | 6.4M | 591,100 | -- | -- | 2.2M | -- |
| Fair Value Change Income | 1.7M | 25.4M | 43.9M | 40.0M | -242,800 | 242,800 | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 78,300 | -118,900 | -- | 53,100 | 464,800 | -4.5M | -94,000 | -55,600 | -- | -- | -- | -- |
| Asset Impairment Loss | 16.3M | 15.2M | 6.4M | 8.0M | 5.9M | 5.1M | 18.0M | 3.6M | 2.2M | 3.0M | 924,300 | 3.3M |
| Other Income | 10.7M | 17.5M | 24.8M | 24.8M | 21.2M | 2.9M | 5.9M | 6.7M | -- | -- | -- | -- |
| Income Before Tax | 124.0M | 63.1M | 150.0M | 114.0M | 15.1M | 18.8M | 48.0M | 62.3M | 56.4M | 35.0M | 28.1M | 20.6M |
| Income Tax | -10.2M | 517,600 | 23.0M | -4.1M | -12.4M | -5.6M | 1.3M | 6.0M | 9.7M | 3.2M | 3.4M | 2.7M |
| Net Income | 134.0M | 62.6M | 127.0M | 118.0M | 27.4M | 24.5M | 46.7M | 56.3M | 46.7M | 31.8M | 24.6M | 17.9M |
| Net Margin % | 4.6% | 2.9% | 5.5% | 6.0% | 2.4% | 2.6% | 4.7% | 8.8% | 9.7% | 8.2% | 8.1% | 7.6% |
| Net Income Attributable | 136.0M | 64.5M | 128.0M | 118.0M | 27.4M | 24.5M | 46.7M | 56.3M | 46.7M | 31.8M | 24.6M | 17.9M |
| Minority Interest | -1.2M | -1.9M | -1.2M | -395,700 | -- | -- | -- | -- | -- | -- | -- | -- |
| Eps Basic | 0.52 | 0.25 | 0.54 | 0.50 | 0.15 | 0.13 | 0.26 | 0.35 | 0.58 | 0.40 | 0.34 | 0.43 |
| Eps Diluted | 0.52 | 0.25 | 0.54 | 0.50 | 0.15 | 0.13 | 0.26 | 0.35 | 0.58 | 0.40 | 0.34 | 0.43 |
| Line Item | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 350.0M | 149.0M | 85.1M | 191.0M | 218.0M | 156.0M | 106.0M | 97.6M | 17.7M | 11.1M | 3.2M | 6.3M |
| Trading Financial Assets | -- | -- | -- | -- | -- | 35.2M | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 1.0B | 656.0M | 417.0M | 321.0M | 232.0M | 213.0M | 248.0M | 196.0M | 140.0M | 107.0M | 79.3M | 89.4M |
| Notes Receivable | 8.0M | 3.4M | 3.5M | -- | 567,100 | 3.8M | 81.9M | 147.0M | 103.0M | 75.5M | 24.6M | 100,000 |
| Notes And Accounts Receivable | 1.0B | 659.0M | 420.0M | 321.0M | 233.0M | 217.0M | 330.0M | 342.0M | 243.0M | 183.0M | 104.0M | 89.5M |
| Prepayments | 17.7M | 15.9M | 52.4M | 28.0M | 21.8M | 13.0M | 16.4M | 18.0M | 13.2M | 2.5M | 5.5M | 4.8M |
| Inventory | 651.0M | 526.0M | 490.0M | 396.0M | 216.0M | 152.0M | 177.0M | 147.0M | 93.1M | 118.0M | 72.5M | 36.2M |
| Total Current Assets | 2.3B | 1.6B | 1.3B | 1.2B | 813.0M | 696.0M | 808.0M | 719.0M | 372.0M | 317.0M | 199.0M | 138.0M |
| Long Term Equity Investment | 47.7M | 60.1M | 66.1M | 35.1M | 37.4M | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 21.3M | 24.5M | 25.8M | 21.0M | 16.2M | 71.9M | 83.9M | 91.6M | 101.0M | 98.7M | 76.7M |
| Fixed Assets Total | 17.6M | 21.3M | 24.5M | 25.8M | 21.0M | 16.2M | 71.9M | 83.9M | 91.6M | 101.0M | 98.7M | 76.7M |
| Intangible Assets | 109.0M | 119.0M | 75.4M | 48.6M | 30.6M | 21.3M | 769,000 | 969,800 | 261,700 | 1.6M | 2.8M | 120.0M |
| Long Term Deferred Expenses | 6.2M | 5.6M | 4.5M | 1.1M | 3.7M | 7.0M | 2.7M | 2.7M | 3.5M | 2.8M | 4.5M | 6.0M |
| Total Non Current Assets | 479.0M | 539.0M | 458.0M | 296.0M | 166.0M | 88.7M | 89.7M | 96.0M | 101.0M | 116.0M | 113.0M | 204.0M |
| Total Assets | 2.8B | 2.1B | 1.7B | 1.5B | 979.0M | 785.0M | 898.0M | 815.0M | 473.0M | 433.0M | 312.0M | 342.0M |
| Short Term Borrowings | 353.0M | 5.0M | 261.0M | 291.0M | 20.0M | 15.0M | 69.5M | 54.8M | 71.5M | 43.6M | 15.5M | 8.6M |
| Accounts Payable | 580.0M | 449.0M | 289.0M | 245.0M | 200.0M | 120.0M | 176.0M | 195.0M | 122.0M | 130.0M | 118.0M | 89.7M |
| Advance Receipts | -- | -- | -- | 730,000 | 254,700 | 41.8M | 33.4M | 5.6M | 5.2M | 6.9M | 2.7M | 12.1M |
| Contract Liabilities | 109.0M | 52.3M | 67.5M | 73.0M | 51.0M | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 1.2B | 624.0M | 797.0M | 774.0M | 395.0M | 233.0M | 365.0M | 319.0M | 240.0M | 240.0M | 158.0M | 237.0M |
| Long Term Borrowings | -- | -- | 60.0M | -- | -- | -- | -- | -- | 2.4M | 2.7M | 1.8M | -- |
| Total Non Current Liabilities | 24.5M | 40.5M | 109.0M | 37.3M | 2.1M | 2.8M | 3.4M | 3.4M | 5.4M | 12.2M | 8.6M | 3.0M |
| Total Liabilities | 1.2B | 665.0M | 906.0M | 811.0M | 397.0M | 236.0M | 368.0M | 322.0M | 245.0M | 252.0M | 167.0M | 240.0M |
| Paid In Capital | 262.0M | 262.0M | 240.0M | 185.0M | 185.0M | 181.0M | 181.0M | 107.0M | 80.0M | 80.0M | 77.3M | 70.0M |
| Capital Reserve | 798.0M | 784.0M | 198.0M | 240.0M | 217.0M | 171.0M | 171.0M | 246.0M | 64.1M | 64.1M | 11.7M | -- |
| Surplus Reserve | 23.8M | 22.5M | 22.4M | 18.3M | 18.3M | 18.3M | 18.3M | 13.3M | 8.4M | 4.9M | 5.7M | 3.2M |
| Retained Earnings | 559.0M | 453.0M | 415.0M | 316.0M | 201.0M | 178.0M | 158.0M | 127.0M | 75.6M | 32.4M | 50.6M | 28.5M |
| Minority Equity | -- | -1.1M | 833,200 | 2.1M | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 1.6B | 1.5B | 819.0M | 689.0M | 582.0M | 549.0M | 529.0M | 493.0M | 228.0M | 181.0M | 145.0M | 102.0M |
| Total Equity | 1.6B | 1.5B | 820.0M | 691.0M | 582.0M | 549.0M | 529.0M | 493.0M | 228.0M | 181.0M | 145.0M | 102.0M |
| Line Item | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 2.8B | 2.0B | 2.4B | 2.0B | 1.1B | 934.0M | 1.1B | 469.0M | 388.0M | 314.0M | 311.0M | 205.0M |
| Tax Refunds Received | 109.0M | 51.0M | 59.9M | 148.0M | 26.2M | -- | -- | -- | 30,400 | -- | 60,300 | 138,700 |
| Total Operating Cash Inflow | 2.9B | 2.1B | 2.5B | 2.2B | 1.2B | 943.0M | 1.1B | 480.0M | 397.0M | 318.0M | 313.0M | 206.0M |
| Cash Paid For Goods | 2.7B | 1.8B | 2.1B | 2.1B | 862.0M | 701.0M | 803.0M | 257.0M | 195.0M | 163.0M | 196.0M | 117.0M |
| Cash Paid To Employees | 229.0M | 229.0M | 209.0M | 184.0M | 160.0M | 147.0M | 174.0M | 187.0M | 138.0M | 118.0M | 79.7M | 33.3M |
| Taxes Paid | 69.1M | 51.3M | 46.0M | 35.2M | 23.3M | 22.8M | 28.6M | 31.6M | 41.9M | 24.7M | 10.7M | 9.2M |
| Total Operating Cash Outflow | 3.1B | 2.1B | 2.5B | 2.4B | 1.1B | 913.0M | 1.0B | 496.0M | 393.0M | 317.0M | 301.0M | 167.0M |
| Operating Cash Flow | -130.0M | -31.3M | 31.8M | -200.0M | 68.4M | 30.9M | 36.7M | -17.0M | 3.4M | 1.6M | 11.8M | 39.0M |
| Total Investing Cash Inflow | 46.0M | 26,200 | -- | 18.0M | 128.0M | 340.0M | 437.0M | 90.6M | -- | 21.9M | 100,100 | 44,100 |
| Total Investing Cash Outflow | 29.3M | 98.4M | 153.0M | 49.1M | 163.0M | 260.0M | 462.0M | 198.0M | 9.8M | 13.3M | 26.1M | 141.0M |
| Investing Cash Flow | 16.8M | -98.4M | -153.0M | -31.1M | -34.7M | 79.8M | -24.9M | -107.0M | -9.8M | 8.6M | -26.0M | -141.0M |
| Cash From Borrowings | 727.0M | 74.9M | 513.0M | 337.0M | 50.0M | 35.0M | 84.6M | 67.1M | 48.6M | 41.5M | 27.0M | 20.5M |
| Dividends And Interest Paid | 26.5M | 32.3M | 37.7M | 10.6M | 5.1M | 7.5M | 13.6M | 2.6M | 2.0M | 2.2M | 1.5M | 1.6M |
| Debt Repayments | 382.0M | 440.0M | 437.0M | 66.9M | 45.0M | 89.5M | 72.2M | 63.2M | 18.2M | 31.8M | 20.6M | 26.2M |
| Total Financing Cash Inflow | 805.0M | 730.0M | 578.0M | 421.0M | 150.0M | 74.0M | 178.0M | 290.0M | 62.6M | 45.4M | 65.7M | 168.0M |
| Total Financing Cash Outflow | 498.0M | 539.0M | 561.0M | 219.0M | 120.0M | 129.0M | 194.0M | 83.1M | 47.5M | 52.9M | 54.6M | 60.8M |
| Financing Cash Flow | 306.0M | 191.0M | 16.8M | 202.0M | 30.8M | -55.2M | -15.4M | 207.0M | 15.1M | -7.4M | 11.1M | 107.0M |
| Net Change In Cash | 203.0M | 66.6M | -101.0M | -30.7M | 54.3M | 56.3M | -4.3M | 83.2M | 8.4M | 2.7M | -3.1M | 4.8M |
| Ending Cash Balance | 342.0M | 139.0M | 72.3M | 173.0M | 204.0M | 150.0M | 93.3M | 97.6M | 14.3M | 5.9M | 3.2M | 6.3M |
| Capex | 27.5M | 88.4M | 61.5M | 18.1M | 9.7M | 36.8M | 8.6M | 7.7M | 9.8M | 13.3M | 26.0M | 141.0M |