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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.2B | 3.5B | 3.9B | 4.5B | 5.8B | 4.0B | 4.8B | 4.4B | 3.6B | 2.7B | 1.8B |
| Revenue Growth % | -8.1% | -10.3% | -13.6% | -21.7% | 45.5% | -17.3% | 10.3% | 21.0% | 32.9% | 47.2% | -- |
| Total Revenue | 3.2B | 3.5B | 3.9B | 4.5B | 5.8B | 4.0B | 4.8B | 4.4B | 3.6B | 2.7B | 1.8B |
| Cost Of Revenue | 2.4B | 2.5B | 2.7B | 3.2B | 4.6B | 3.1B | 3.6B | 3.3B | 2.8B | 2.1B | 1.5B |
| Gross Profit | 794.0M | 987.0M | 1.2B | 1.3B | 1.2B | 938.0M | 1.2B | 1.1B | 820.0M | 596.0M | 362.0M |
| Gross Margin % | 24.5% | 28.0% | 30.1% | 29.1% | 20.9% | 23.5% | 25.3% | 24.4% | 22.7% | 21.9% | 19.6% |
| Total Operating Cost | 3.2B | 3.3B | 3.5B | 4.1B | 5.6B | 3.9B | 4.5B | 4.0B | 3.4B | 2.6B | 1.8B |
| Selling Expenses | 327.0M | 337.0M | 375.0M | 469.0M | 479.0M | 384.0M | 452.0M | 368.0M | 271.0M | 208.0M | 149.0M |
| Admin Expenses | 207.0M | 271.0M | 234.0M | 185.0M | 185.0M | 209.0M | 180.0M | 125.0M | 117.0M | 165.0M | 139.0M |
| Rd Expenses | 175.0M | 165.0M | 188.0M | 228.0M | 248.0M | 191.0M | 174.0M | 173.0M | 133.0M | 112.0M | -- |
| Finance Expenses | -29.9M | -57.3M | -66.7M | -31.8M | 39.2M | 28.0M | 1.0M | -23.3M | 26.0M | 940,500 | 3.4M |
| Operating Income | 103.0M | 301.0M | 466.0M | 497.0M | 232.0M | 124.0M | 373.0M | 375.0M | 236.0M | 88.2M | 59.4M |
| Operating Margin % | 3.2% | 8.5% | 11.9% | 10.9% | 4.0% | 3.1% | 7.7% | 8.6% | 6.5% | 3.2% | 3.2% |
| Non Operating Income | 1.5M | 1.4M | 216,700 | 3.1M | 2.6M | 3.2M | 1.5M | 14.6M | 1.2M | 1.6M | 3.0M |
| Non Operating Expenses | 5.5M | 5.4M | 7.7M | 3.7M | 4.4M | 1.6M | 323,400 | 335,100 | 131,800 | 82,900 | 700.00 |
| Investment Income | 1.1M | 1.8M | 547,900 | 36.8M | 16.8M | 40.5M | 9.8M | 1.3M | 2.7M | 1.7M | -- |
| Fair Value Change Income | 11.3M | 2.8M | -1.6M | 2.7M | 974,200 | -8.1M | 15.0M | -- | -- | -- | -- |
| Asset Disposal Income | 1.7M | 3.8M | -157,100 | -1.0M | -484,400 | 70,100 | 301,700 | -260,700 | -702,100 | -19,700 | -229,100 |
| Asset Impairment Loss | 25.7M | 10.3M | 7.6M | 39.8M | 45.4M | 70.1M | 47.4M | 55.4M | 28.3M | 18.9M | 8.0M |
| Other Income | 22.8M | 29.7M | 45.7M | 46.7M | 36.9M | 41.3M | 21.5M | 18.9M | 11.6M | 9.3M | 5.5M |
| Income Before Tax | 99.1M | 297.0M | 459.0M | 496.0M | 230.0M | 126.0M | 374.0M | 390.0M | 237.0M | 89.7M | 62.4M |
| Income Tax | 53.8M | 80.9M | 83.1M | 67.9M | 42.7M | 30.8M | 57.5M | 51.7M | 32.3M | 21.9M | 6.9M |
| Net Income | 45.3M | 216.0M | 376.0M | 429.0M | 187.0M | 95.2M | 317.0M | 338.0M | 205.0M | 67.8M | 55.5M |
| Net Margin % | 1.4% | 6.1% | 9.6% | 9.4% | 3.2% | 2.4% | 6.6% | 7.7% | 5.7% | 2.5% | 3.0% |
| Net Income Attributable | 51.8M | 222.0M | 323.0M | 396.0M | 169.0M | 81.7M | 314.0M | 336.0M | 204.0M | 61.8M | 54.5M |
| Minority Interest | -6.5M | -5.9M | 53.1M | 32.5M | 18.0M | 13.6M | 2.5M | 1.7M | 669,000 | 6.0M | 1.0M |
| Eps Basic | 0.22 | 0.94 | 1.38 | 1.69 | 0.72 | 0.35 | 1.50 | 3.27 | 2.09 | -- | -- |
| Eps Diluted | 0.22 | 0.94 | 1.37 | 1.68 | 0.72 | 0.35 | 1.50 | 3.27 | 2.09 | -- | -- |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 1.5B | 1.7B | 1.6B | 1.2B | 1.3B | 1.3B | 1.0B | 579.0M | 595.0M | 306.0M | 138.0M |
| Trading Financial Assets | 430.0M | 457.0M | 508.0M | 667.0M | 451.0M | 597.0M | 1.1B | -- | -- | -- | -- |
| Accounts Receivable | 407.0M | 388.0M | 407.0M | 403.0M | 762.0M | 607.0M | 833.0M | 302.0M | 242.0M | 149.0M | 95.6M |
| Notes Receivable | 165,600 | 1.5M | 400,000 | 971,600 | -- | -- | 4.8M | 1.5M | 1.5M | 4.0M | 7.4M |
| Notes And Accounts Receivable | 407.0M | 390.0M | 408.0M | 404.0M | 762.0M | 607.0M | 838.0M | 303.0M | 244.0M | 153.0M | 103.0M |
| Prepayments | 59.1M | 41.3M | 72.5M | 43.6M | 70.5M | 63.1M | 48.9M | 111.0M | 129.0M | 52.7M | 37.8M |
| Inventory | 576.0M | 778.0M | 602.0M | 776.0M | 848.0M | 741.0M | 487.0M | 712.0M | 636.0M | 431.0M | 385.0M |
| Total Current Assets | 3.1B | 3.5B | 3.3B | 3.3B | 3.5B | 3.4B | 3.6B | 2.0B | 1.7B | 997.0M | 717.0M |
| Long Term Equity Investment | 212.0M | 206.0M | 228.0M | 187.0M | 92.1M | -- | -- | -- | -- | 4.4M | 1.4M |
| Fixed Assets | 726.0M | 769.0M | 808.0M | 840.0M | 628.0M | 136.0M | 135.0M | 97.0M | -- | -- | 94.1M |
| Fixed Assets Total | 726.0M | 769.0M | 808.0M | 840.0M | 628.0M | 136.0M | 135.0M | 97.0M | 93.1M | 93.4M | 94.1M |
| Construction In Progress | -- | -- | -- | -- | 145.0M | 388.0M | 95.1M | 3.2M | -- | -- | -- |
| Construction In Progress Total | -- | -- | -- | -- | 145.0M | 388.0M | 95.1M | 3.2M | -- | -- | -- |
| Intangible Assets | 78.4M | 87.4M | 94.7M | 67.9M | 65.2M | 75.7M | 69.8M | 48.1M | 1.1M | 699,000 | 357,500 |
| Long Term Deferred Expenses | 14.0M | 30.8M | 44.4M | 43.5M | 38.3M | 38.1M | 29.2M | 16.6M | 10.1M | 12.1M | 13.1M |
| Total Non Current Assets | 1.3B | 1.4B | 1.5B | 1.4B | 1.2B | 725.0M | 402.0M | 203.0M | 130.0M | 121.0M | 117.0M |
| Total Assets | 4.4B | 4.9B | 4.8B | 4.7B | 4.7B | 4.1B | 4.0B | 2.2B | 1.8B | 1.1B | 835.0M |
| Short Term Borrowings | 41.4M | 48.6M | 70.3M | 31.3M | -- | 20.0M | 10.5M | 87.3M | 168.0M | 102.0M | 152.0M |
| Accounts Payable | 413.0M | 500.0M | 467.0M | 401.0M | 920.0M | 706.0M | 615.0M | 528.0M | -- | -- | 188.0M |
| Advance Receipts | -- | -- | -- | -- | -- | -- | 22.8M | 67.6M | 71.3M | 49.6M | 29.8M |
| Contract Liabilities | 68.8M | 73.4M | 74.5M | 78.8M | 69.7M | 30.5M | -- | -- | -- | -- | -- |
| Total Current Liabilities | 832.0M | 946.0M | 910.0M | 846.0M | 1.4B | 1.0B | 950.0M | 1.2B | 1.1B | 724.0M | 614.0M |
| Long Term Borrowings | -- | 4.5M | 6.3M | -- | 7.2M | 8.0M | -- | -- | -- | 2.6M | -- |
| Total Non Current Liabilities | 284.0M | 439.0M | 436.0M | 237.0M | 182.0M | 87.2M | 75.1M | 59.0M | 41.9M | 34.3M | 19.3M |
| Total Liabilities | 1.1B | 1.4B | 1.3B | 1.1B | 1.6B | 1.1B | 1.0B | 1.2B | 1.1B | 758.0M | 633.0M |
| Paid In Capital | 237.0M | 237.0M | 235.0M | 234.0M | 235.0M | 236.0M | 139.0M | 103.0M | 103.0M | 50.0M | 50.0M |
| Capital Reserve | 1.8B | 1.8B | 1.7B | 1.9B | 1.9B | 2.0B | 2.1B | 355.0M | 326.0M | 118.0M | 28.9M |
| Surplus Reserve | 126.0M | 126.0M | 126.0M | 126.0M | 100.0M | 84.1M | 69.5M | 30.5M | 29.8M | 5.2M | 5.2M |
| Retained Earnings | 1.2B | 1.4B | 1.3B | 1.3B | 915.0M | 762.0M | 695.0M | 419.0M | 284.0M | 169.0M | 108.0M |
| Minority Equity | 29.3M | 36.9M | 37.8M | 68.5M | 24.4M | 20.8M | 17.0M | 17.7M | 1.5M | 17.1M | 10.1M |
| Equity Attributable | 3.2B | 3.5B | 3.4B | 3.6B | 3.1B | 3.0B | 2.9B | 909.0M | 743.0M | 343.0M | 191.0M |
| Total Equity | 3.3B | 3.6B | 3.5B | 3.6B | 3.2B | 3.0B | 2.9B | 927.0M | 744.0M | 360.0M | 202.0M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 3.5B | 3.8B | 4.3B | 5.3B | 6.1B | 4.6B | 4.7B | 4.8B | 4.0B | 3.1B | 2.1B |
| Tax Refunds Received | 76.0M | 100.0M | 110.0M | 149.0M | 145.0M | 86.3M | 104.0M | 71.1M | 17.6M | 11.6M | 8.3M |
| Total Operating Cash Inflow | 3.6B | 4.0B | 4.5B | 5.6B | 6.3B | 4.7B | 4.8B | 5.0B | 4.0B | 3.1B | 2.2B |
| Cash Paid For Goods | 2.6B | 2.8B | 2.6B | 3.9B | 4.9B | 3.5B | 3.8B | 3.6B | 3.3B | 2.3B | 1.8B |
| Cash Paid To Employees | 505.0M | 484.0M | 508.0M | 554.0M | 549.0M | 503.0M | 469.0M | 405.0M | 294.0M | 233.0M | 176.0M |
| Taxes Paid | 157.0M | 148.0M | 217.0M | 295.0M | 171.0M | 102.0M | 104.0M | 118.0M | 116.0M | 96.3M | 54.4M |
| Total Operating Cash Outflow | 3.5B | 3.7B | 3.7B | 5.2B | 6.1B | 4.6B | 4.8B | 4.6B | 4.0B | 2.8B | 2.2B |
| Operating Cash Flow | 152.0M | 298.0M | 751.0M | 495.0M | 220.0M | 146.0M | 50.1M | 416.0M | 9.7M | 264.0M | -3.5M |
| Total Investing Cash Inflow | 2.0B | 2.2B | 3.7B | 4.9B | 3.3B | 4.0B | 1.6B | 483.0M | 230.0M | 372.0M | 18,500 |
| Total Investing Cash Outflow | 2.0B | 2.2B | 3.7B | 5.4B | 3.5B | 3.8B | 2.8B | 709.0M | 243.0M | 382.0M | 39.6M |
| Investing Cash Flow | 6.8M | 33.4M | 5.4M | -477.0M | -191.0M | 201.0M | -1.2B | -225.0M | -13.6M | -10.4M | -39.6M |
| Cash From Borrowings | 91.6M | 86.7M | 79.7M | 31.3M | 20.0M | 48.3M | 311.0M | 245.0M | 261.0M | 150.0M | 174.0M |
| Dividends And Interest Paid | 302.0M | 118.0M | 303.0M | 19.4M | 18.1M | 9.9M | 6.8M | 215.0M | 11.3M | 7.5M | 5.3M |
| Debt Repayments | 100.0M | 110.0M | 51.3M | -- | 40.0M | 26.9M | 387.0M | 326.0M | 200.0M | 196.0M | 61.6M |
| Total Financing Cash Inflow | 95.4M | 118.0M | 100.0M | 60.7M | 20.5M | 48.3M | 2.1B | 287.0M | 487.0M | 155.0M | 218.0M |
| Total Financing Cash Outflow | 499.0M | 317.0M | 466.0M | 82.9M | 158.0M | 41.7M | 394.0M | 547.0M | 278.0M | 251.0M | 94.4M |
| Financing Cash Flow | -404.0M | -199.0M | -366.0M | -22.2M | -138.0M | 6.6M | 1.7B | -260.0M | 209.0M | -95.7M | 123.0M |
| Net Change In Cash | -262.0M | 149.0M | 407.0M | -41.1M | -121.0M | 335.0M | 548.0M | -56.5M | 199.0M | 162.0M | 80.1M |
| Ending Cash Balance | 1.4B | 1.7B | 1.6B | 1.1B | 1.2B | 1.3B | 974.0M | 426.0M | 482.0M | 283.0M | 122.0M |
| Capex | 15.2M | 47.1M | 95.5M | 156.0M | 230.0M | 356.0M | 199.0M | 87.0M | 20.7M | 10.5M | 28.7M |