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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.5B | 2.2B | 1.7B | 1.8B | 1.6B | 1.2B | 1.3B | 1.3B | 1.1B | 1.2B |
| Revenue Growth % | 13.8% | 31.8% | -7.3% | 13.8% | 33.3% | -9.7% | 3.4% | 13.7% | -8.0% | -- |
| Total Revenue | 2.5B | 2.2B | 1.7B | 1.8B | 1.6B | 1.2B | 1.3B | 1.3B | 1.1B | 1.2B |
| Cost Of Revenue | 1.9B | 1.7B | 1.3B | 1.3B | 1.2B | 893.0M | 985.0M | 984.0M | 888.0M | 947.0M |
| Gross Profit | 586.0M | 522.0M | 429.0M | 518.0M | 377.0M | 301.0M | 337.0M | 295.0M | 237.0M | 276.0M |
| Gross Margin % | 23.3% | 23.6% | 25.5% | 28.6% | 23.7% | 25.2% | 25.5% | 23.1% | 21.1% | 22.6% |
| Total Operating Cost | 2.3B | 2.0B | 1.5B | 1.5B | 1.4B | 1.1B | 1.2B | 1.1B | 1.0B | 1.1B |
| Selling Expenses | 106.0M | 90.3M | 64.0M | 60.7M | 52.4M | 34.6M | 43.0M | 40.9M | 25.1M | 26.0M |
| Admin Expenses | 153.0M | 128.0M | 118.0M | 101.0M | 83.4M | 67.6M | 70.1M | 64.5M | 55.3M | 47.5M |
| Rd Expenses | 111.0M | 97.8M | 69.3M | 57.7M | 52.7M | 47.2M | 45.1M | 47.2M | 43.2M | 41.7M |
| Finance Expenses | -5.6M | -17.0M | -15.0M | -55.8M | 4.4M | 10.2M | 605,600 | -7.3M | 13.0M | -1.6M |
| Operating Income | 226.0M | 229.0M | 192.0M | 332.0M | 187.0M | 146.0M | 190.0M | 154.0M | 99.0M | 161.0M |
| Operating Margin % | 9.0% | 10.3% | 11.4% | 18.3% | 11.7% | 12.2% | 14.4% | 12.0% | 8.8% | 13.2% |
| Non Operating Income | 3.4M | 2.7M | 5.1M | 1.3M | 381,300 | 301,500 | 872,300 | 371,400 | 289,100 | 2.3M |
| Non Operating Expenses | 2.4M | 7.6M | 4.1M | 3.0M | 242,800 | 1.0M | 15,100 | 512,600 | 245,500 | 1.2M |
| Investment Income | -475,600 | 186,100 | 2.5M | -2.2M | 14.0M | 643,600 | 8,725 | 108,100 | 125,000 | -- |
| Fair Value Change Income | 5.1M | 42.6M | 21.5M | 77,800 | 647,800 | -- | -- | -- | -- | -- |
| Asset Disposal Income | 4.7M | 600.00 | -- | 13,300 | 1,300 | 110,100 | 41,600 | 57,100 | 29,900 | -1,800 |
| Asset Impairment Loss | 1.7M | 31.7M | 30.3M | 38.8M | 12.6M | 5.7M | 3.2M | 3.3M | 642,100 | -14,000 |
| Other Income | 7.7M | 3.9M | 9.0M | 14.6M | 12.8M | 12.1M | 19.6M | 13.3M | 3.9M | -- |
| Income Before Tax | 227.0M | 224.0M | 193.0M | 330.0M | 188.0M | 145.0M | 191.0M | 154.0M | 99.0M | 162.0M |
| Income Tax | 36.8M | 47.4M | 41.7M | 69.4M | 36.7M | 34.2M | 44.2M | 35.9M | 25.6M | 38.8M |
| Net Income | 191.0M | 177.0M | 151.0M | 261.0M | 151.0M | 111.0M | 147.0M | 118.0M | 73.4M | 123.0M |
| Net Margin % | 7.6% | 8.0% | 9.0% | 14.4% | 9.5% | 9.3% | 11.1% | 9.2% | 6.5% | 10.1% |
| Net Income Attributable | 194.0M | 188.0M | 159.0M | 261.0M | 151.0M | 111.0M | 147.0M | 118.0M | 73.4M | 123.0M |
| Minority Interest | -3.7M | -11.2M | -8.2M | -- | -- | -- | -- | -- | -- | -- |
| Eps Basic | 1.13 | 1.11 | 0.93 | 1.61 | 1.03 | 1.13 | 1.53 | 1.23 | -- | -- |
| Eps Diluted | 1.13 | 1.10 | 0.93 | 1.60 | 1.03 | 1.13 | 1.53 | 1.23 | -- | -- |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 382.0M | 409.0M | 400.0M | 250.0M | 252.0M | 277.0M | 120.0M | 52.8M | 77.0M | 53.8M |
| Trading Financial Assets | 61.2M | 147.0M | 196.0M | 332.0M | 326.0M | 290.0M | -- | -- | -- | -- |
| Accounts Receivable | 515.0M | 363.0M | 332.0M | 365.0M | 381.0M | 209.0M | 277.0M | 246.0M | 209.0M | -- |
| Notes Receivable | -- | -- | -- | -- | -- | -- | -- | 10.3M | 4.0M | -- |
| Notes And Accounts Receivable | 515.0M | 363.0M | 332.0M | 365.0M | 381.0M | 209.0M | 277.0M | 256.0M | 213.0M | 254.0M |
| Prepayments | 13.9M | 18.1M | 42.9M | 48.1M | 46.1M | 2.2M | 5.2M | 3.0M | 1.9M | 2.5M |
| Inventory | 452.0M | 440.0M | 383.0M | 405.0M | 491.0M | 284.0M | 245.0M | 218.0M | 190.0M | 148.0M |
| Total Current Assets | 1.8B | 1.5B | 1.6B | 1.6B | 1.7B | 1.3B | 671.0M | 561.0M | 494.0M | 471.0M |
| Long Term Equity Investment | -- | 15.2M | 34.8M | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | 260.0M | 216.0M | 126.0M | 106.0M | 114.0M | 108.0M | 112.0M | 111.0M | 23.5M | -- |
| Fixed Assets Total | 260.0M | 216.0M | 126.0M | 106.0M | 114.0M | 108.0M | 112.0M | 111.0M | 23.5M | 25.3M |
| Construction In Progress | 27.5M | 55.8M | 51.8M | 8.8M | 2.1M | 4.2M | 984,900 | -- | -- | -- |
| Construction In Progress Total | 27.5M | 55.8M | 51.8M | 8.8M | 2.1M | 4.2M | 984,900 | -- | -- | -- |
| Intangible Assets | 39.3M | 38.4M | 6.2M | 4.2M | 4.5M | 4.9M | 5.9M | 4.2M | 2.6M | 1.3M |
| Long Term Deferred Expenses | 1.9M | 2.0M | 1.8M | 1.6M | 38,000 | 2.6M | 691,800 | 587,000 | 796,600 | 1.7M |
| Total Non Current Assets | 960.0M | 933.0M | 708.0M | 296.0M | 166.0M | 196.0M | 131.0M | 127.0M | 35.5M | 32.4M |
| Total Assets | 2.8B | 2.5B | 2.3B | 1.9B | 1.9B | 1.5B | 802.0M | 688.0M | 530.0M | 504.0M |
| Short Term Borrowings | 316.0M | 253.0M | 131.0M | 72.5M | 294.0M | 61.3M | 42.2M | 48.6M | -- | 59.9M |
| Accounts Payable | 282.0M | 231.0M | 223.0M | 126.0M | 164.0M | 156.0M | 196.0M | 184.0M | 167.0M | -- |
| Advance Receipts | -- | -- | -- | -- | -- | -- | 3.9M | 631,600 | 684,900 | 1.8M |
| Contract Liabilities | 28.3M | 32.6M | 26.2M | 4.3M | 4.8M | 3.2M | -- | -- | -- | -- |
| Total Current Liabilities | 813.0M | 699.0M | 581.0M | 308.0M | 547.0M | 269.0M | 307.0M | 284.0M | 207.0M | 243.0M |
| Long Term Borrowings | 65.9M | 134.0M | 16.5M | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 186.0M | 175.0M | 54.1M | 20.9M | 19.1M | 6.4M | 8.4M | 6.3M | 6.5M | 12.0M |
| Total Liabilities | 999.0M | 874.0M | 635.0M | 329.0M | 566.0M | 275.0M | 315.0M | 291.0M | 214.0M | 255.0M |
| Paid In Capital | 177.0M | 175.0M | 163.0M | 148.0M | 128.0M | 128.0M | 96.0M | 96.0M | 93.8M | 93.8M |
| Capital Reserve | 872.0M | 801.0M | 967.0M | 885.0M | 868.0M | 863.0M | 209.0M | 209.0M | -- | -- |
| Surplus Reserve | 88.4M | 87.3M | 79.2M | 63.2M | 45.4M | 33.0M | 22.3M | 11.0M | 23.2M | 14.5M |
| Retained Earnings | 619.0M | 514.0M | 414.0M | 433.0M | 267.0M | 183.0M | 155.0M | 78.2M | 196.0M | 141.0M |
| Minority Equity | 77.8M | 78.1M | 21.3M | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 1.7B | 1.5B | 1.6B | 1.5B | 1.3B | 1.2B | 486.0M | 397.0M | 316.0M | 249.0M |
| Total Equity | 1.8B | 1.6B | 1.6B | 1.5B | 1.3B | 1.2B | 486.0M | 397.0M | 316.0M | 249.0M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 2.4B | 2.3B | 1.8B | 2.0B | 1.2B | 1.2B | 1.3B | 1.2B | 1.1B | 1.2B |
| Tax Refunds Received | 89.1M | 67.4M | 55.4M | 59.2M | 69.8M | 42.4M | 54.2M | 43.1M | 27.3M | 37.3M |
| Total Operating Cash Inflow | 2.5B | 2.4B | 1.9B | 2.1B | 1.2B | 1.3B | 1.4B | 1.3B | 1.2B | 1.2B |
| Cash Paid For Goods | 1.9B | 1.9B | 1.1B | 1.4B | 1.3B | 973.0M | 1.0B | 1.0B | 883.0M | 1.0B |
| Cash Paid To Employees | 277.0M | 251.0M | 249.0M | 167.0M | 148.0M | 136.0M | 132.0M | 123.0M | 120.0M | 105.0M |
| Taxes Paid | 62.0M | 71.4M | 77.3M | 86.7M | 34.9M | 61.3M | 42.1M | 41.3M | 40.2M | 44.3M |
| Total Operating Cash Outflow | 2.4B | 2.3B | 1.5B | 1.7B | 1.5B | 1.2B | 1.2B | 1.2B | 1.1B | 1.2B |
| Operating Cash Flow | 141.0M | 147.0M | 375.0M | 387.0M | -229.0M | 90.7M | 152.0M | 51.2M | 99.4M | 63.8M |
| Total Investing Cash Inflow | 1.2B | 1.7B | 2.2B | 1.3B | 905.0M | 194.0M | 30.2M | 103.0M | 103.0M | 150,600 |
| Total Investing Cash Outflow | 1.3B | 1.8B | 2.5B | 1.4B | 877.0M | 759.0M | 51.4M | 197.0M | 112.0M | 40.2M |
| Investing Cash Flow | -79.9M | -78.8M | -353.0M | -90.1M | 28.5M | -565.0M | -21.2M | -94.2M | -9.1M | -40.0M |
| Cash From Borrowings | 756.0M | 697.0M | 596.0M | 138.0M | 536.0M | 287.0M | 264.0M | 183.0M | 80.9M | 468.0M |
| Dividends And Interest Paid | 103.0M | 86.8M | 126.0M | 62.2M | 57.0M | 73.2M | 62.0M | 37.7M | 598,400 | 2.5M |
| Debt Repayments | 753.0M | 540.0M | 432.0M | 368.0M | 301.0M | 264.0M | 270.0M | 134.0M | 139.0M | 507.0M |
| Total Financing Cash Inflow | 782.0M | 854.0M | 662.0M | 145.0M | 536.0M | 991.0M | 264.0M | 183.0M | 80.9M | 500.0M |
| Total Financing Cash Outflow | 868.0M | 896.0M | 586.0M | 436.0M | 363.0M | 353.0M | 332.0M | 171.0M | 140.0M | 544.0M |
| Financing Cash Flow | -85.9M | -42.3M | 75.9M | -291.0M | 173.0M | 638.0M | -68.4M | 11.3M | -59.2M | -43.3M |
| Net Change In Cash | -28.4M | 32.4M | 101.0M | -2.4M | -25.0M | 157.0M | 65.9M | -23.8M | 22.9M | -18.4M |
| Ending Cash Balance | 381.0M | 409.0M | 377.0M | 248.0M | 251.0M | 276.0M | 118.0M | 52.5M | 76.4M | 53.5M |
| Capex | 72.9M | 140.0M | 113.0M | 24.6M | 23.2M | 18.9M | 25.4M | 86.3M | 10.6M | 40.2M |