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 | 788.0M | 916.0M | 897.0M | 1.4B | 1.1B | 1.0B | 759.0M | 392.0M | 244.0M | 190.0M | 185.0M | 66.9M |
| Revenue Growth % | -14.0% | 2.1% | -34.9% | 22.0% | 10.3% | 34.9% | 93.6% | 60.7% | 28.4% | 2.7% | 176.5% | -- |
| Total Revenue | 788.0M | 916.0M | 897.0M | 1.4B | 1.1B | 1.0B | 759.0M | 392.0M | 244.0M | 190.0M | 185.0M | 66.9M |
| Cost Of Revenue | 592.0M | 759.0M | 865.0M | 1.1B | 845.0M | 786.0M | 577.0M | 286.0M | 171.0M | 132.0M | 145.0M | 54.5M |
| Gross Profit | 196.0M | 157.0M | 32.0M | 252.0M | 284.0M | 238.0M | 182.0M | 106.0M | 73.0M | 58.0M | 40.0M | 12.4M |
| Gross Margin % | 24.9% | 17.1% | 3.6% | 18.3% | 25.2% | 23.2% | 24.0% | 27.0% | 29.9% | 30.5% | 21.6% | 18.6% |
| Total Operating Cost | 716.0M | 896.0M | 1.1B | 1.3B | 1.0B | 877.0M | 656.0M | 333.0M | 206.0M | 164.0M | 169.0M | 59.3M |
| Selling Expenses | 12.1M | 19.8M | 11.8M | 10.4M | 8.3M | 4.5M | 3.0M | 1.3M | 409,800 | 214,600 | -- | -- |
| Admin Expenses | 65.4M | 77.1M | 81.7M | 67.5M | 35.1M | 23.6M | 19.3M | 17.0M | 13.9M | 17.9M | 13.8M | 12.7M |
| Rd Expenses | 30.6M | 36.3M | 67.1M | 46.7M | 66.6M | 33.5M | 28.0M | 18.4M | 10.3M | -- | -- | -- |
| Finance Expenses | -8.3M | -8.7M | -7.7M | 8.6M | 12.4M | 1.6M | 6.4M | 572,000 | 1.2M | 1.6M | 2.0M | -149,200 |
| Operating Income | 72.6M | 24.0M | -180.0M | 125.0M | 110.0M | 148.0M | 105.0M | 59.6M | 38.9M | 25.6M | 16.0M | 7.6M |
| Operating Margin % | 9.2% | 2.6% | -20.1% | 9.1% | 9.7% | 14.5% | 13.8% | 15.2% | 15.9% | 13.5% | 8.6% | 11.3% |
| Non Operating Income | 885,900 | 634,800 | 2.2M | 3.9M | 646,500 | 81,600 | 13,200 | 826,100 | 608,500 | -- | -- | -- |
| Non Operating Expenses | 524,900 | 3.6M | 2.6M | 2.4M | 508,600 | 462,400 | 118,400 | 2,500 | 68,200 | -- | 200,000 | -- |
| Investment Income | 3.7M | 2.7M | 1.6M | 5.3M | 1.9M | 2.3M | 2.2M | 302,100 | 496,300 | 37,800 | -- | -- |
| Asset Disposal Income | -813,600 | 8,000 | 212,000 | 4,300 | -2.0M | -679,000 | -8,100 | -62,500 | -- | -- | -- | -- |
| Asset Impairment Loss | -367,500 | 4.5M | 18.2M | 12.6M | -- | -- | 19.2M | 8.3M | 5.6M | 5.9M | 1.9M | -9.7M |
| Other Income | -2.1M | 1.3M | 593,400 | 17,700 | 74,600 | 8,900 | 3,600 | 700,000 | -- | -- | -- | -- |
| Income Before Tax | 73.0M | 21.0M | -180.0M | 126.0M | 110.0M | 148.0M | 105.0M | 60.4M | 39.4M | 25.6M | 15.8M | 7.6M |
| Income Tax | 10.1M | 7.3M | -29.3M | 14.7M | 9.7M | 19.4M | 12.7M | 8.0M | 5.0M | 3.8M | 2.2M | 1.2M |
| Net Income | 62.9M | 13.8M | -151.0M | 111.0M | 101.0M | 128.0M | 91.9M | 52.4M | 34.5M | 21.8M | 13.6M | 6.3M |
| Net Margin % | 8.0% | 1.5% | -16.8% | 8.1% | 8.9% | 12.5% | 12.1% | 13.4% | 14.1% | 11.5% | 7.3% | 9.5% |
| Net Income Attributable | 62.4M | 18.9M | -144.0M | 112.0M | 101.0M | 129.0M | 91.9M | 52.4M | 34.5M | 21.8M | 13.6M | 6.3M |
| Minority Interest | 493,200 | -5.1M | -6.6M | -107,300 | -296,100 | -149,000 | -- | -- | -- | -- | -- | -- |
| Eps Basic | 0.49 | 0.15 | -1.14 | 0.88 | 0.99 | 1.76 | 1.32 | 0.86 | 0.58 | 0.56 | 0.53 | 0.25 |
| Eps Diluted | 0.49 | 0.15 | -1.15 | 0.88 | 0.99 | 1.76 | 1.32 | 0.86 | 0.58 | -- | -- | -- |
| 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 | 452.0M | 373.0M | 491.0M | 856.0M | 899.0M | 307.0M | 222.0M | 172.0M | 69.5M | 43.9M | 37.4M | 34.7M |
| Trading Financial Assets | 172.0M | 180.0M | 220.0M | -- | 100.0M | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 645.0M | 711.0M | 837.0M | 822.0M | 520.0M | 374.0M | 243.0M | 110.0M | 121.0M | 77.3M | 38.4M | 23.9M |
| Notes Receivable | 2.9M | 65.3M | 58.0M | 59.6M | 20.0M | 8.7M | 28.3M | 1.4M | -- | -- | 600,000 | -- |
| Notes And Accounts Receivable | 648.0M | 776.0M | 895.0M | 882.0M | 540.0M | 383.0M | 271.0M | 112.0M | 121.0M | 77.3M | 39.0M | 23.9M |
| Prepayments | 7.8M | 7.5M | 7.1M | 21.7M | 3.0M | 5.9M | 1.5M | 6.9M | 1.5M | 249,900 | 564,300 | 544,200 |
| Inventory | 30.6M | 40.2M | 47.0M | 35.6M | 22.9M | 246.0M | 164.0M | 99.3M | 11.5M | 14.8M | 22.8M | 3.4M |
| Total Current Assets | 1.7B | 1.8B | 2.0B | 2.2B | 1.8B | 955.0M | 664.0M | 400.0M | 209.0M | 140.0M | 114.0M | 73.0M |
| Fixed Assets | -- | 117.0M | 121.0M | 78.2M | 75.7M | 86.6M | 71.0M | 59.7M | -- | 62.3M | 64.4M | 59.8M |
| Fixed Assets Total | 115.0M | 117.0M | 121.0M | 78.2M | 75.7M | 86.6M | 71.0M | 59.7M | 62.5M | 62.3M | 64.4M | 59.8M |
| Construction In Progress | -- | 368,100 | 1.7M | 449,600 | -- | 908,400 | -- | -- | -- | -- | -- | -- |
| Construction In Progress Total | 2.0M | 380,500 | 1.7M | 449,600 | -- | 908,400 | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 2.5M | 3.5M | 4.5M | 2.7M | 1.3M | 1.8M | 552,800 | 229,500 | 347,400 | 370,600 | 348,600 | 132,200 |
| Long Term Deferred Expenses | 2.2M | 4.8M | 6.8M | 5.6M | 345,600 | 684,900 | 833,000 | -- | -- | -- | -- | -- |
| Total Non Current Assets | 207.0M | 209.0M | 246.0M | 169.0M | 126.0M | 130.0M | 119.0M | 71.2M | 70.7M | 69.9M | 70.3M | 61.6M |
| Total Assets | 1.9B | 2.0B | 2.2B | 2.3B | 2.0B | 1.1B | 783.0M | 471.0M | 279.0M | 210.0M | 184.0M | 135.0M |
| Short Term Borrowings | 125.0M | 23.4M | 15.9M | 47.0M | 16.0M | 3.5M | 3.1M | 100,000 | -- | -- | 50,000 | 510,000 |
| Accounts Payable | 426.0M | 545.0M | 720.0M | 678.0M | 536.0M | 476.0M | 315.0M | 172.0M | 115.0M | 79.0M | 72.8M | 40.7M |
| Advance Receipts | -- | -- | -- | -- | -- | 2.9M | 7.0M | 1.0M | 8.3M | 4.3M | 13.0M | 22.6M |
| Contract Liabilities | 1.0M | 1.6M | 26.0M | 19.3M | 4.5M | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 681.0M | 772.0M | 964.0M | 964.0M | 681.0M | 568.0M | 387.0M | 208.0M | 143.0M | 98.8M | 104.0M | 76.1M |
| Long Term Borrowings | -- | -- | -- | 1.6M | 3.3M | 5.3M | 6.4M | 11.4M | 13.4M | 19.8M | 22.0M | 24.0M |
| Total Non Current Liabilities | 8.2M | 9.4M | 31.5M | 9.4M | 5.1M | 6.1M | 7.4M | 11.4M | 13.4M | 37.2M | 36.3M | 30.0M |
| Total Liabilities | 690.0M | 781.0M | 996.0M | 973.0M | 686.0M | 574.0M | 394.0M | 219.0M | 156.0M | 136.0M | 140.0M | 106.0M |
| Paid In Capital | 127.0M | 127.0M | 128.0M | 128.0M | 97.2M | 72.9M | 72.9M | 69.8M | 43.5M | 30.0M | 20.0M | 20.0M |
| Capital Reserve | 750.0M | 759.0M | 766.0M | 762.0M | 767.0M | 124.0M | 124.0M | 78.1M | 17.8M | 26.4M | -- | -- |
| Surplus Reserve | 64.7M | 59.1M | 55.3M | 55.3M | 44.0M | 33.9M | 20.9M | 11.8M | 6.4M | 1.5M | 2.1M | 788,700 |
| Retained Earnings | 301.0M | 260.0M | 264.0M | 433.0M | 367.0M | 276.0M | 170.0M | 90.7M | 54.4M | 13.4M | 19.3M | 7.1M |
| Minority Equity | 22.5M | 21.6M | 10.6M | 4.4M | 4.1M | 2.1M | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 1.2B | 1.2B | 1.2B | 1.4B | 1.3B | 509.0M | 389.0M | 252.0M | 123.0M | 74.2M | 43.8M | 28.5M |
| Total Equity | 1.2B | 1.2B | 1.2B | 1.4B | 1.3B | 511.0M | 389.0M | 252.0M | 123.0M | 74.2M | 43.8M | 28.5M |
| 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 | 771.0M | 855.0M | 928.0M | 1.0B | 955.0M | 849.0M | 525.0M | 328.0M | 195.0M | 119.0M | 173.0M | 188.0M |
| Tax Refunds Received | -- | -- | -- | -- | -- | -- | -- | -- | 8,900 | -- | -- | -- |
| Total Operating Cash Inflow | 816.0M | 912.0M | 1.0B | 1.1B | 995.0M | 869.0M | 555.0M | 354.0M | 206.0M | 140.0M | 202.0M | 204.0M |
| Cash Paid For Goods | 615.0M | 801.0M | 833.0M | 984.0M | 756.0M | 620.0M | 418.0M | 237.0M | 119.0M | 92.5M | 123.0M | 116.0M |
| Cash Paid To Employees | 69.8M | 91.3M | 100.0M | 71.9M | 46.3M | 34.6M | 21.9M | 13.9M | 7.8M | 5.2M | 3.5M | 2.5M |
| Taxes Paid | 26.5M | 24.0M | 37.2M | 47.2M | 56.4M | 59.7M | 35.7M | 17.3M | 15.2M | 10.2M | 4.4M | 6.2M |
| Total Operating Cash Outflow | 772.0M | 1.0B | 1.1B | 1.2B | 983.0M | 773.0M | 531.0M | 305.0M | 179.0M | 134.0M | 192.0M | 159.0M |
| Operating Cash Flow | 44.1M | -107.0M | -95.4M | -153.0M | 11.9M | 96.4M | 23.3M | 49.0M | 27.1M | 6.2M | 9.9M | 44.7M |
| Total Investing Cash Inflow | 941.0M | 631.0M | 310.0M | 1.3B | 714.0M | 500.0M | 397.0M | 36.1M | 43.5M | 20.0M | -- | -- |
| Total Investing Cash Outflow | 928.0M | 637.0M | 592.0M | 1.2B | 820.0M | 507.0M | 415.0M | 36.8M | 46.0M | 20.5M | 4.0M | 51.0M |
| Investing Cash Flow | 13.2M | -6.4M | -283.0M | 87.1M | -106.0M | -7.2M | -17.9M | -718,700 | -2.5M | -426,900 | -4.0M | -51.0M |
| Cash From Borrowings | -- | -- | -- | -- | -- | -- | -- | 4.7M | -- | -- | 550,000 | 20.4M |
| Dividends And Interest Paid | 15.0M | 19.1M | 27.5M | 35.2M | 310,500 | 9.7M | 4.1M | 12.7M | 4.5M | 1.6M | 2.1M | 4,900 |
| Debt Repayments | 0.00 | 1.7M | 4.7M | 1.6M | 1.5M | 1.2M | 5.5M | 6.4M | 6.8M | 2.1M | 2.8M | -- |
| Total Financing Cash Inflow | 67.7M | 59.2M | 48.7M | 60.9M | 709.0M | 12.0M | 66.3M | 82.1M | 4.9M | 8.6M | 1.0M | 20.4M |
| Total Financing Cash Outflow | 69.0M | 83.8M | 39.7M | 44.5M | 13.2M | 25.4M | 22.9M | 25.3M | 12.4M | 5.3M | 6.4M | 4,855 |
| Financing Cash Flow | -1.2M | -24.6M | 8.9M | 16.4M | 696.0M | -13.4M | 43.4M | 56.8M | -7.5M | 3.2M | -5.4M | 20.4M |
| Net Change In Cash | 55.8M | -138.0M | -369.0M | -49.9M | 601.0M | 75.9M | 48.7M | 105.0M | 17.0M | 9.0M | 577,400 | 14.1M |
| Ending Cash Balance | 391.0M | 335.0M | 473.0M | 842.0M | 892.0M | 291.0M | 215.0M | 166.0M | 60.9M | 43.9M | 34.8M | 34.3M |
| Capex | 23.5M | 48.7M | 48.3M | 18.2M | 10.0M | 17.3M | 19.5M | 1.3M | 3.0M | 464,700 | 4.0M | 51.0M |