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 | 918.0M | 538.0M | 954.0M | 998.0M | 1.1B | 687.0M | 414.0M | 331.0M | 290.0M | 215.0M | 190.0M |
| Revenue Growth % | 70.6% | -43.6% | -4.4% | -11.8% | 64.8% | 65.9% | 25.1% | 14.1% | 34.9% | 13.2% | -- |
| Total Revenue | 918.0M | 538.0M | 954.0M | 998.0M | 1.1B | 687.0M | 414.0M | 331.0M | 290.0M | 215.0M | 190.0M |
| Cost Of Revenue | 477.0M | 254.0M | 390.0M | 327.0M | 239.0M | 176.0M | 101.0M | 96.0M | 92.2M | 62.7M | 50.9M |
| Gross Profit | 441.0M | 284.0M | 564.0M | 671.0M | 893.0M | 511.0M | 313.0M | 235.0M | 197.8M | 152.3M | 139.1M |
| Gross Margin % | 48.0% | 52.8% | 59.1% | 67.2% | 78.9% | 74.4% | 75.6% | 71.0% | 68.2% | 70.8% | 73.2% |
| Total Operating Cost | 692.0M | 554.0M | 704.0M | 561.0M | 474.0M | 316.0M | 204.0M | 183.0M | 178.0M | 131.0M | 177.0M |
| Selling Expenses | 37.6M | 29.3M | 35.1M | 40.8M | 38.8M | 16.1M | 7.3M | 5.3M | 5.0M | 4.8M | 6.4M |
| Admin Expenses | 63.2M | 62.2M | 77.2M | 71.5M | 72.5M | 37.0M | 33.1M | 33.7M | 29.7M | 26.8M | 80.6M |
| Rd Expenses | 76.5M | 57.6M | 85.7M | 79.1M | 76.0M | 49.9M | 34.1M | 30.2M | 34.6M | 28.7M | 28.9M |
| Finance Expenses | 5.7M | 7.8M | -7.3M | -9.7M | -6.5M | -9.7M | -4.1M | -1.7M | -553,300 | -2.9M | 5.1M |
| Operating Income | 240.0M | 16.4M | 292.0M | 470.0M | 677.0M | 401.0M | 248.0M | 176.0M | 125.0M | 82.7M | 17.9M |
| Operating Margin % | 26.1% | 3.0% | 30.6% | 47.1% | 59.8% | 58.4% | 59.9% | 53.2% | 43.1% | 38.5% | 9.4% |
| Non Operating Income | 356,800 | 3.7M | 1,500 | 20,800 | 100.00 | -- | 23,500 | 1.2M | -- | 8.8M | 11.6M |
| Non Operating Expenses | 363,900 | 590,100 | 322,600 | 9.0M | 217,900 | 50,700 | 1,600 | 2,000 | 1.5M | 4.00 | 10,000 |
| Investment Income | 2.7M | 417,800 | 1.1M | 108,600 | 0.00 | 3.7M | 186,800 | 165,900 | -279,000 | 11,100 | 3.7M |
| Fair Value Change Income | -- | -93,300 | 93,300 | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -6,300 | -236,800 | 15,800 | 13,200 | 33,600 | -- | -900.00 | -- | -- | -1.2M | 534,200 |
| Asset Impairment Loss | 932,800 | 9.2M | -- | -451,700 | -- | -- | -- | 15.3M | 13.3M | 6.8M | 2.1M |
| Other Income | 10.8M | 32.4M | 41.3M | 33.2M | 18.6M | 26.6M | 38.0M | 28.1M | 13.5M | -- | -- |
| Income Before Tax | 240.0M | 19.6M | 292.0M | 461.0M | 676.0M | 401.0M | 248.0M | 178.0M | 123.0M | 91.5M | 29.5M |
| Income Tax | 31.0M | -306,400 | 36.1M | 62.9M | 127.0M | 56.8M | 35.7M | 27.5M | 19.7M | 14.2M | 5.8M |
| Net Income | 209.0M | 19.9M | 256.0M | 398.0M | 550.0M | 344.0M | 212.0M | 150.0M | 104.0M | 77.3M | 23.7M |
| Net Margin % | 22.8% | 3.7% | 26.8% | 39.9% | 48.6% | 50.1% | 51.2% | 45.3% | 35.9% | 35.9% | 12.5% |
| Net Income Attributable | 200.0M | 16.2M | 217.0M | 315.0M | 422.0M | 316.0M | 212.0M | 150.0M | 104.0M | 77.3M | 23.7M |
| Minority Interest | 8.9M | 3.7M | 38.4M | 83.4M | 127.0M | 27.5M | -- | -- | -- | -- | -- |
| Eps Basic | 0.60 | 0.05 | 0.66 | 0.95 | 1.27 | 1.35 | 1.89 | 1.33 | 1.00 | 0.77 | -- |
| Eps Diluted | 0.60 | 0.05 | 0.66 | 0.95 | 1.27 | 2.30 | 1.89 | 1.33 | 1.00 | 0.77 | -- |
| 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 | 378.0M | 405.0M | 752.0M | 715.0M | 1.1B | 722.0M | 307.0M | 287.0M | 255.0M | 126.0M | 202.0M |
| Trading Financial Assets | -- | -- | 30.1M | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 1.4B | 1.5B | 1.9B | 1.7B | 1.5B | 1.1B | 451.0M | 382.0M | 307.0M | 172.0M | -- |
| Notes Receivable | 66.5M | 158.0M | 143.0M | 239.0M | 178.0M | 123.0M | -- | 27.6M | 47.8M | 22.6M | -- |
| Notes And Accounts Receivable | 1.5B | 1.7B | 2.0B | 2.0B | 1.7B | 1.2B | 451.0M | 409.0M | 355.0M | 195.0M | 71.7M |
| Prepayments | 19.5M | 41.9M | 48.1M | 19.2M | 20.4M | 11.8M | 14.4M | 7.7M | 7.7M | 5.9M | 3.0M |
| Inventory | 997.0M | 890.0M | 720.0M | 544.0M | 365.0M | 217.0M | 171.0M | 154.0M | 147.0M | 158.0M | 139.0M |
| Total Current Assets | 2.9B | 3.1B | 3.6B | 3.3B | 3.2B | 2.1B | 1.0B | 864.0M | 770.0M | 488.0M | 419.0M |
| Fixed Assets | 528.0M | 534.0M | 455.0M | 400.0M | 229.0M | 113.0M | 76.7M | 58.8M | 21.6M | -- | -- |
| Fixed Assets Total | 528.0M | 534.0M | 455.0M | 400.0M | 229.0M | 113.0M | 76.7M | 58.8M | 21.6M | 26.1M | 71.0M |
| Construction In Progress | 2.2M | 34.3M | 111.0M | 60.3M | 122.0M | 168.0M | 160.0M | 42.8M | 25.0M | -- | -- |
| Construction In Progress Total | 2.2M | 34.3M | 111.0M | 60.3M | 122.0M | 168.0M | 160.0M | 42.8M | 25.0M | 1.8M | -- |
| Intangible Assets | 51.1M | 52.8M | 54.7M | 56.4M | 57.3M | 56.9M | 56.8M | 58.0M | 59.2M | -- | 834,200 |
| Long Term Deferred Expenses | 10.4M | 12.3M | 20.0M | 22.2M | 13.1M | 8.0M | 198,400 | 271,400 | 463,000 | -- | -- |
| Total Non Current Assets | 960.0M | 975.0M | 995.0M | 907.0M | 745.0M | 579.0M | 316.0M | 221.0M | 150.0M | 37.7M | 74.2M |
| Total Assets | 3.9B | 4.0B | 4.6B | 4.2B | 3.9B | 2.7B | 1.3B | 1.1B | 920.0M | 526.0M | 493.0M |
| Short Term Borrowings | -- | 33.7M | -- | -- | 28.4M | 10.1M | -- | -- | -- | -- | 40.0M |
| Accounts Payable | 593.0M | 535.0M | 439.0M | 294.0M | 202.0M | 139.0M | 96.5M | 75.8M | 57.9M | 58.0M | -- |
| Advance Receipts | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 9.3M |
| Contract Liabilities | 1.2M | 5.8M | 4.4M | 1.3M | 68.7M | 885,000 | -- | -- | -- | -- | -- |
| Total Current Liabilities | 1.0B | 1.1B | 652.0M | 517.0M | 1.2B | 403.0M | 141.0M | 122.0M | 108.0M | 87.1M | 133.0M |
| Long Term Borrowings | -- | 292.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 48.9M | 347.0M | 89.2M | 102.0M | 72.9M | 51.4M | 52.0M | 53.1M | 54.2M | -- | -- |
| Total Liabilities | 1.1B | 1.5B | 741.0M | 619.0M | 1.3B | 455.0M | 193.0M | 175.0M | 162.0M | 87.1M | 133.0M |
| Paid In Capital | 332.0M | 332.0M | 332.0M | 332.0M | 255.0M | 150.0M | 113.0M | 113.0M | 113.0M | 100.0M | 100.0M |
| Capital Reserve | 838.0M | 836.0M | 1.4B | 1.4B | 1.3B | 1.3B | 529.0M | 529.0M | 529.0M | 261.0M | 150.0M |
| Surplus Reserve | 183.0M | 183.0M | 164.0M | 147.0M | 123.0M | 79.9M | 52.1M | 31.6M | 17.0M | 6.9M | 16.9M |
| Retained Earnings | 1.3B | 1.1B | 1.2B | 1.0B | 786.0M | 557.0M | 419.0M | 227.0M | 91.5M | 65.1M | 89.1M |
| Minority Equity | 75.4M | 68.0M | 649.0M | 608.0M | 202.0M | 202.0M | -- | -- | -- | -- | -- |
| Equity Attributable | 2.7B | 2.5B | 3.2B | 3.0B | 2.5B | 2.1B | 1.1B | 910.0M | 758.0M | 439.0M | 360.0M |
| Total Equity | 2.8B | 2.6B | 3.8B | 3.6B | 2.7B | 2.3B | 1.1B | 910.0M | 758.0M | 439.0M | 360.0M |
| 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 | 900.0M | 696.0M | 884.0M | 575.0M | 725.0M | 373.0M | 326.0M | 293.0M | 114.0M | 75.8M | 163.0M |
| Tax Refunds Received | 7.6M | 15.9M | 29.0M | 21.0M | 3.8M | 19.6M | 34.0M | 26.1M | 11.5M | 7.1M | 3.4M |
| Total Operating Cash Inflow | 916.0M | 726.0M | 929.0M | 618.0M | 755.0M | 413.0M | 364.0M | 322.0M | 182.0M | 89.2M | 179.0M |
| Cash Paid For Goods | 276.0M | 279.0M | 393.0M | 286.0M | 202.0M | 117.0M | 82.3M | 66.0M | 53.1M | 51.3M | 35.2M |
| Cash Paid To Employees | 163.0M | 186.0M | 179.0M | 197.0M | 173.0M | 71.2M | 48.0M | 44.0M | 40.2M | 27.5M | 17.2M |
| Taxes Paid | 54.4M | 39.6M | 98.7M | 230.0M | 192.0M | 95.2M | 67.3M | 74.5M | 56.4M | 45.6M | 22.8M |
| Total Operating Cash Outflow | 538.0M | 542.0M | 728.0M | 763.0M | 608.0M | 305.0M | 216.0M | 204.0M | 176.0M | 147.0M | 95.1M |
| Operating Cash Flow | 378.0M | 185.0M | 201.0M | -145.0M | 147.0M | 108.0M | 149.0M | 118.0M | 6.7M | -58.0M | 83.8M |
| Total Investing Cash Inflow | 8,520 | 81.0M | 392.0M | 48.0M | 3.8M | 453.0M | 64.7M | 52.7M | 14.5M | 38.5M | 79.3M |
| Total Investing Cash Outflow | 71.7M | 191.0M | 543.0M | 228.0M | 155.0M | 758.0M | 193.0M | 128.0M | 120.0M | 14.6M | 80.2M |
| Investing Cash Flow | -71.7M | -110.0M | -151.0M | -180.0M | -151.0M | -305.0M | -128.0M | -75.5M | -105.0M | 23.8M | -855,800 |
| Cash From Borrowings | -- | 310.0M | -- | -- | 83.0M | -- | -- | -- | -- | -- | 40.0M |
| Dividends And Interest Paid | 12.6M | 138.0M | -- | 79.0M | 177.0M | 150.0M | -- | 10.9M | 56.1M | 1.5M | 762,300 |
| Debt Repayments | 308.0M | 1.5M | -- | -- | 24.6M | 10.0M | -- | -- | -- | 40.0M | -- |
| Total Financing Cash Inflow | 2.3M | 333.0M | 8.7M | 9.4M | 643.0M | 804.0M | -- | -- | 284.0M | 150.0M | 349.0M |
| Total Financing Cash Outflow | 336.0M | 755.0M | 11.9M | 123.0M | 217.0M | 192.0M | -- | 10.9M | 56.1M | 191.0M | 269.0M |
| Financing Cash Flow | -333.0M | -422.0M | -3.2M | -113.0M | 426.0M | 612.0M | -- | -10.9M | 228.0M | -41.5M | 79.9M |
| Net Change In Cash | -26.6M | -347.0M | 46.5M | -438.0M | 422.0M | 415.0M | 20.4M | 31.6M | 129.0M | -75.7M | 163.0M |
| Ending Cash Balance | 378.0M | 405.0M | 752.0M | 706.0M | 1.1B | 722.0M | 307.0M | 287.0M | 255.0M | 126.0M | 202.0M |
| Capex | 66.7M | 80.7M | 122.0M | 164.0M | 122.0M | 24.3M | 127.0M | 73.7M | 101.0M | 12.2M | 5.2M |