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 | 1.8B | 1.7B | 1.4B | 1.4B | 1.3B |
| Revenue Growth % | 4.8% | 21.3% | 3.2% | 5.7% | -- |
| Total Revenue | 1.8B | 1.7B | 1.4B | 1.4B | 1.3B |
| Cost Of Revenue | 1.4B | 1.4B | 1.1B | 1.1B | 1.2B |
| Gross Profit | 397.0M | 380.0M | 342.0M | 244.0M | 107.0M |
| Gross Margin % | 21.8% | 21.9% | 23.9% | 17.6% | 8.2% |
| Total Operating Cost | 1.7B | 1.6B | 1.3B | 1.3B | 1.4B |
| Selling Expenses | 50.8M | 48.4M | 32.7M | 22.7M | 15.3M |
| Admin Expenses | 108.0M | 104.0M | 101.0M | 78.8M | 55.1M |
| Rd Expenses | 93.9M | 82.3M | 62.9M | 52.6M | 56.9M |
| Finance Expenses | 8.4M | -15.6M | 2.8M | -20.0M | 3.0M |
| Operating Income | 79.9M | 128.0M | 130.0M | 67.5M | -54.3M |
| Operating Margin % | 4.4% | 7.4% | 9.1% | 4.9% | -4.1% |
| Non Operating Income | 397,800 | 96,800 | 2.5M | 519,000 | 132,800 |
| Non Operating Expenses | 773,500 | 2.3M | 1.2M | 1.2M | 1.4M |
| Investment Income | 4.2M | 3.1M | 5.6M | -5.3M | 407,500 |
| Fair Value Change Income | 108,700 | 2.2M | 29.9M | 3.0M | 1.3M |
| Asset Disposal Income | -950,900 | 105,800 | -10,900 | -- | 20,300 |
| Asset Impairment Loss | 52.9M | 20.4M | 39.3M | 36.8M | 33.5M |
| Other Income | 3.7M | 4.3M | 1.6M | 3.4M | 3.4M |
| Income Before Tax | 79.6M | 126.0M | 132.0M | 66.8M | -55.5M |
| Income Tax | 5.5M | 10.8M | 12.6M | 5.0M | -13.9M |
| Net Income | 74.1M | 115.0M | 119.0M | 61.8M | -41.6M |
| Net Margin % | 4.1% | 6.6% | 8.3% | 4.5% | -3.2% |
| Net Income Attributable | 73.8M | 113.0M | 117.0M | 58.1M | -41.6M |
| Minority Interest | 324,200 | 2.4M | 2.2M | 3.7M | -- |
| Eps Basic | 0.54 | 0.84 | 0.87 | 0.61 | -0.43 |
| Eps Diluted | 0.54 | 0.84 | 0.87 | 0.61 | -0.43 |
| 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 | 176.0M | 165.0M | 187.0M | 263.0M | 168.0M |
| Trading Financial Assets | 33.1M | -- | 502,800 | -- | 51.3M |
| Accounts Receivable | 330.0M | 442.0M | 307.0M | 314.0M | 302.0M |
| Notes Receivable | 838,500 | 13,100 | -- | -- | -- |
| Notes And Accounts Receivable | 331.0M | 442.0M | 307.0M | 314.0M | 302.0M |
| Prepayments | 4.9M | 8.1M | 3.8M | 2.8M | 4.6M |
| Inventory | 257.0M | 260.0M | 194.0M | 265.0M | 220.0M |
| Total Current Assets | 880.0M | 896.0M | 709.0M | 860.0M | 772.0M |
| Long Term Equity Investment | 23.1M | 20.9M | 1.3M | 977,700 | -- |
| Fixed Assets | 536.0M | 527.0M | 454.0M | 408.0M | 238.0M |
| Fixed Assets Total | 536.0M | 527.0M | 454.0M | 408.0M | 238.0M |
| Construction In Progress | 34.4M | 45.8M | 99.3M | 58.1M | 232.0M |
| Construction In Progress Total | 34.4M | 45.8M | 99.3M | 58.1M | 232.0M |
| Intangible Assets | 80.5M | 84.8M | 88.4M | 92.2M | 68.3M |
| Long Term Deferred Expenses | 1.2M | 1.5M | 1.5M | 1.9M | 1.4M |
| Total Non Current Assets | 750.0M | 831.0M | 795.0M | 748.0M | 612.0M |
| Total Assets | 1.6B | 1.7B | 1.5B | 1.6B | 1.4B |
| Short Term Borrowings | 50.0M | 79.0M | 50.0M | 95.4M | 77.1M |
| Accounts Payable | 317.0M | 455.0M | 330.0M | 370.0M | 484.0M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 10.0M | 9.9M | 16.6M | 22.0M | 2.9M |
| Total Current Liabilities | 495.0M | 618.0M | 477.0M | 610.0M | 591.0M |
| Long Term Borrowings | 50.4M | 57.6M | 64.8M | 87.0M | -- |
| Total Non Current Liabilities | 59.0M | 67.1M | 75.6M | 152.0M | 4.5M |
| Total Liabilities | 554.0M | 685.0M | 553.0M | 761.0M | 596.0M |
| Paid In Capital | 137.0M | 135.0M | 96.0M | 96.0M | 96.0M |
| Capital Reserve | 456.0M | 422.0M | 403.0M | 401.0M | 458.0M |
| Surplus Reserve | 58.3M | 52.9M | 39.3M | 28.2M | 28.2M |
| Retained Earnings | 459.0M | 426.0M | 362.0M | 271.0M | 213.0M |
| Minority Equity | 9.0M | 8.6M | 50.9M | 50.6M | -- |
| Equity Attributable | 1.1B | 1.0B | 900.0M | 797.0M | 789.0M |
| Total Equity | 1.1B | 1.0B | 951.0M | 847.0M | 789.0M |
| 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 | 1.9B | 1.6B | 1.5B | 1.4B | 1.4B |
| Tax Refunds Received | 81.0M | 90.4M | 42.1M | 73.4M | 24.5M |
| Total Operating Cash Inflow | 2.0B | 1.7B | 1.6B | 1.5B | 1.5B |
| Cash Paid For Goods | 1.3B | 1.2B | 952.0M | 1.2B | 1.0B |
| Cash Paid To Employees | 410.0M | 334.0M | 277.0M | 263.0M | 237.0M |
| Taxes Paid | 35.9M | 42.6M | 24.6M | 10.7M | 13.4M |
| Total Operating Cash Outflow | 1.8B | 1.6B | 1.3B | 1.5B | 1.3B |
| Operating Cash Flow | 165.0M | 95.6M | 226.0M | 32.0M | 124.0M |
| Total Investing Cash Inflow | 3.8M | 1.2M | 25.4M | 83.9M | 101.0M |
| Total Investing Cash Outflow | 99.5M | 89.5M | 231.0M | 144.0M | 283.0M |
| Investing Cash Flow | -95.7M | -88.2M | -205.0M | -59.7M | -182.0M |
| Cash From Borrowings | 165.0M | 123.0M | 159.0M | 276.0M | 324.0M |
| Dividends And Interest Paid | 38.2M | 39.2M | 20.6M | 7.3M | 9.9M |
| Debt Repayments | 201.0M | 101.0M | 243.0M | 148.0M | 337.0M |
| Total Financing Cash Inflow | 200.0M | 133.0M | 189.0M | 277.0M | 324.0M |
| Total Financing Cash Outflow | 240.0M | 165.0M | 272.0M | 192.0M | 348.0M |
| Financing Cash Flow | -40.0M | -31.6M | -82.8M | 85.2M | -24.2M |
| Net Change In Cash | 21.6M | -22.6M | -58.4M | 66.4M | -81.7M |
| Ending Cash Balance | 171.0M | 150.0M | 172.0M | 231.0M | 164.0M |
| Capex | 66.5M | 71.8M | 130.0M | 34.0M | 208.0M |