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 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 423.0M | 348.0M | 338.0M | 437.0M | 273.0M | 224.0M | 254.0M | 237.0M | 160.0M | 45.6M | 59.6M | 31.5M | 22.1M |
| Revenue Growth % | 21.6% | 3.0% | -22.7% | 60.1% | 21.9% | -11.8% | 7.2% | 48.1% | 250.6% | -23.5% | 89.5% | 42.7% | -- |
| Total Revenue | 423.0M | 348.0M | 338.0M | 437.0M | 273.0M | 224.0M | 254.0M | 237.0M | 160.0M | 45.6M | 59.6M | 31.5M | 22.1M |
| Cost Of Revenue | 285.0M | 243.0M | 210.0M | 233.0M | 141.0M | 119.0M | 143.0M | 149.0M | 105.0M | 32.5M | 33.3M | 22.9M | 21.7M |
| Gross Profit | 138.0M | 105.0M | 128.0M | 204.0M | 132.0M | 105.0M | 111.0M | 88.0M | 55.0M | 13.1M | 26.3M | 8.5M | 377,300 |
| Gross Margin % | 32.6% | 30.2% | 37.9% | 46.7% | 48.4% | 46.9% | 43.7% | 37.1% | 34.4% | 28.8% | 44.1% | 27.2% | 1.7% |
| Total Operating Cost | 401.0M | 387.0M | 304.0M | 282.0M | 179.0M | 155.0M | 181.0M | 187.0M | 127.0M | 43.4M | 48.3M | 31.6M | 29.2M |
| Selling Expenses | 5.2M | 5.5M | 5.2M | 4.2M | 3.2M | 4.8M | 5.7M | 4.2M | 3.6M | 1.9M | 3.0M | 919,600 | 156,400 |
| Admin Expenses | 41.8M | 37.0M | 38.1M | 30.4M | 18.6M | 17.1M | 15.8M | 13.5M | 9.5M | 7.9M | 9.6M | 6.7M | 5.5M |
| Rd Expenses | 27.3M | 26.3M | 20.0M | 15.1M | 9.8M | 5.8M | 5.3M | 5.5M | 3.8M | -- | -- | -- | -- |
| Finance Expenses | 4.4M | -300,700 | -4.1M | -7.8M | -16,900 | 2.1M | 4.3M | 3.8M | 2.6M | 861,300 | 2.0M | 1.6M | 1.3M |
| Operating Income | 26.8M | -34.6M | 36.2M | 159.0M | 98.9M | 72.3M | 74.4M | 50.5M | 32.4M | 2.2M | 11.3M | -144,500 | -7.2M |
| Operating Margin % | 6.3% | -9.9% | 10.7% | 36.4% | 36.2% | 32.3% | 29.3% | 21.3% | 20.2% | 4.9% | 18.9% | -0.5% | -32.5% |
| Non Operating Income | 117,000 | 91,500 | 192,400 | 7.1M | 84,500 | 3.3M | 3.4M | 2.8M | 5.1M | 2.6M | 553,700 | 441,500 | 441,500 |
| Non Operating Expenses | 200,700 | 138,300 | 573,300 | 5.5M | 1.1M | 164,200 | 2.6M | 218,400 | 1.1M | 286,800 | 59,800 | 854,000 | 28,600 |
| Investment Income | -- | -- | -- | -- | -- | -- | -- | -- | 114,800 | -- | -- | 0.00 | -- |
| Asset Disposal Income | 82,700 | -28,700 | 1.00 | -- | -13.00 | 67,600 | -52,200 | -5,500 | 59,000 | -- | -- | -- | -- |
| Asset Impairment Loss | 28.4M | 70.2M | 29.7M | 3.1M | 1.8M | 1.9M | 3.6M | 8.4M | 1.2M | 48,700 | 5,200 | -532,800 | 537,100 |
| Other Income | 5.4M | 4.2M | 2.4M | 3.9M | 5.5M | 4.2M | 1.9M | 877,000 | -- | -- | -- | -- | -- |
| Income Before Tax | 26.8M | -34.6M | 35.8M | 161.0M | 97.9M | 75.4M | 75.3M | 53.1M | 36.4M | 4.5M | 11.8M | -557,100 | -6.8M |
| Income Tax | -5.9M | -17.3M | 1.6M | 22.1M | 11.2M | 8.5M | 8.8M | 4.3M | 3.7M | 903,300 | 1.5M | -1.0M | -660,300 |
| Net Income | 32.7M | -17.3M | 34.2M | 138.0M | 86.7M | 66.9M | 66.5M | 48.8M | 32.7M | 3.6M | 10.3M | 460,600 | -6.1M |
| Net Margin % | 7.7% | -5.0% | 10.1% | 31.6% | 31.8% | 29.9% | 26.2% | 20.6% | 20.4% | 8.0% | 17.3% | 1.5% | -27.7% |
| Net Income Attributable | 22.8M | -34.1M | 19.4M | 131.0M | 86.7M | 66.9M | 66.5M | 48.8M | 32.7M | 3.6M | 10.3M | 460,600 | -6.1M |
| Minority Interest | 9.9M | 16.8M | 14.8M | 7.1M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Eps Basic | 0.18 | -0.34 | 0.19 | 1.32 | 1.16 | 0.89 | 0.89 | 0.65 | 0.47 | 0.07 | 0.20 | 0.01 | -0.12 |
| Eps Diluted | 0.18 | -0.34 | 0.19 | 1.32 | 1.16 | 0.89 | 0.89 | 0.65 | 0.47 | 0.07 | 0.20 | 0.01 | -- |
| 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 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 166.0M | 311.0M | 398.0M | 392.0M | 400.0M | 18.4M | 26.0M | 36.6M | 3.1M | 22.5M | 19.1M | 1.1M | 2.6M |
| Accounts Receivable | 127.0M | 88.7M | 84.1M | 124.0M | 97.2M | 78.1M | 83.5M | 69.9M | -- | 19.0M | 12.7M | 9.3M | 10.5M |
| Notes Receivable | 11.6M | 4.9M | 20.5M | 30.2M | 30.0M | 29.2M | 65.8M | 65.6M | -- | 5.8M | 6.2M | 1.5M | 1.7M |
| Notes And Accounts Receivable | 138.0M | 93.6M | 105.0M | 154.0M | 127.0M | 107.0M | 149.0M | 136.0M | 99.8M | 24.8M | 18.9M | 10.7M | 12.2M |
| Prepayments | 1.0M | 533,700 | 4.7M | 2.7M | 145,700 | 1.4M | 136,000 | 4.0M | 4.2M | 565,400 | 1.6M | 1.7M | 2.3M |
| Inventory | 108.0M | 131.0M | 198.0M | 147.0M | 66.8M | 70.5M | 68.6M | 62.4M | 55.9M | 21.3M | 18.0M | 13.0M | 9.9M |
| Total Current Assets | 475.0M | 593.0M | 746.0M | 765.0M | 640.0M | 253.0M | 249.0M | 242.0M | 166.0M | 69.8M | 58.0M | 27.1M | 29.0M |
| Fixed Assets | -- | 569.0M | 537.0M | 254.0M | 134.0M | 124.0M | -- | -- | -- | 30.3M | 33.1M | 35.5M | 37.7M |
| Fixed Assets Total | 651.0M | 569.0M | 537.0M | 254.0M | 134.0M | 124.0M | 106.0M | 77.1M | 93.5M | 30.3M | 33.1M | 35.5M | 37.7M |
| Construction In Progress | -- | 86.6M | 16.8M | 79.6M | 18.4M | 10.1M | -- | -- | -- | 14.3M | -- | -- | -- |
| Construction In Progress Total | 15.4M | 86.6M | 16.8M | 79.6M | 18.4M | 10.1M | 14.5M | 9.9M | 76,900 | 17.0M | -- | -- | -- |
| Intangible Assets | 73.1M | 75.5M | 53.5M | 56.8M | 39.7M | 40.2M | 41.3M | 11.7M | 12.2M | 9.5M | -- | 0.00 | 6,252 |
| Long Term Deferred Expenses | -- | 7,900 | 78,500 | 261,100 | 443,800 | 651,700 | 884,800 | 1.0M | 1.4M | -- | -- | 222,600 | 452,000 |
| Total Non Current Assets | 810.0M | 791.0M | 658.0M | 483.0M | 204.0M | 185.0M | 168.0M | 109.0M | 110.0M | 65.4M | 33.6M | 37.6M | 39.0M |
| Total Assets | 1.3B | 1.4B | 1.4B | 1.2B | 844.0M | 438.0M | 418.0M | 351.0M | 277.0M | 135.0M | 91.5M | 64.7M | 68.0M |
| Short Term Borrowings | 50.0M | 50.5M | 50.8M | 96.6M | -- | -- | 40.0M | 48.4M | 16.6M | 11.0M | 11.0M | 9.0M | 8.0M |
| Accounts Payable | 119.0M | 120.0M | 121.0M | 132.0M | 39.9M | 34.3M | 32.9M | 27.1M | -- | 12.2M | 4.4M | 4.3M | 4.3M |
| Advance Receipts | -- | -- | -- | -- | -- | 198,700 | 514,700 | 457,000 | 679,900 | 162,300 | -- | 3.1M | 9.1M |
| Contract Liabilities | 6.2M | 1.0M | 1.3M | 2.7M | 107,000 | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 443.0M | 299.0M | 323.0M | 337.0M | 77.8M | 63.0M | 95.8M | 99.0M | 74.1M | 31.9M | 17.5M | 20.4M | 24.2M |
| Long Term Borrowings | 139.0M | 201.0M | 190.0M | -- | -- | -- | 28.0M | 25.0M | 10.0M | 29.0M | -- | -- | -- |
| Total Non Current Liabilities | 193.0M | 259.0M | 219.0M | 27.0M | 18.9M | 19.5M | 33.3M | 29.7M | 14.3M | 29.0M | -- | -- | -- |
| Total Liabilities | 636.0M | 559.0M | 542.0M | 364.0M | 96.7M | 82.5M | 129.0M | 129.0M | 88.4M | 60.9M | 17.5M | 20.4M | 24.2M |
| Paid In Capital | 130.0M | 101.0M | 101.0M | 99.8M | 99.8M | 74.8M | 74.8M | 74.8M | 74.8M | 54.6M | 54.6M | 50.3M | 50.3M |
| Capital Reserve | 283.0M | 379.0M | 386.0M | 357.0M | 357.0M | 77.2M | 77.2M | 77.2M | 77.2M | 15.3M | 15.3M | 2.5M | 2.5M |
| Surplus Reserve | 40.7M | 36.9M | 34.5M | 30.5M | 24.3M | 17.3M | 12.6M | 6.6M | 2.5M | 771,300 | 408,500 | -- | -- |
| Retained Earnings | 209.0M | 190.0M | 247.0M | 291.0M | 266.0M | 186.0M | 124.0M | 63.7M | 33.9M | 3.7M | 3.7M | -8.5M | -8.9M |
| Minority Equity | -- | 137.0M | 120.0M | 105.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 649.0M | 689.0M | 742.0M | 779.0M | 747.0M | 356.0M | 289.0M | 222.0M | 188.0M | 74.3M | 74.0M | 44.3M | 43.9M |
| Total Equity | 649.0M | 825.0M | 862.0M | 884.0M | 747.0M | 356.0M | 289.0M | 222.0M | 188.0M | 74.3M | 74.0M | 44.3M | 43.9M |
| 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 | FY 2012Dec 31, 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 254.0M | 277.0M | 269.0M | 249.0M | 196.0M | 156.0M | 166.0M | 146.0M | 48.2M | 31.7M | 56.8M | 22.9M | 24.7M |
| Tax Refunds Received | 516,600 | 19.9M | 28.1M | 2.0M | 263,400 | 1.2M | 507,600 | 123,700 | 236,800 | -- | 69,600 | 140,500 | 15,000 |
| Total Operating Cash Inflow | 263.0M | 339.0M | 317.0M | 278.0M | 202.0M | 180.0M | 172.0M | 149.0M | 49.9M | 34.9M | 57.2M | 26.2M | 25.0M |
| Cash Paid For Goods | 78.1M | 139.0M | 73.6M | 60.1M | 29.0M | 24.7M | 57.6M | 67.1M | 40.2M | 12.3M | 38.3M | 17.8M | 13.3M |
| Cash Paid To Employees | 96.8M | 89.6M | 92.5M | 74.7M | 47.1M | 44.8M | 44.5M | 36.5M | 23.4M | 9.8M | 8.5M | 5.2M | 3.9M |
| Taxes Paid | 36.0M | 43.2M | 29.3M | 39.3M | 34.1M | 28.8M | 29.6M | 23.9M | 13.3M | 3.8M | 4.3M | 248,300 | 71,000 |
| Total Operating Cash Outflow | 221.0M | 282.0M | 205.0M | 192.0M | 117.0M | 107.0M | 139.0M | 134.0M | 98.4M | 30.8M | 58.6M | 25.1M | 22.7M |
| Operating Cash Flow | 41.9M | 56.1M | 112.0M | 85.9M | 85.7M | 73.2M | 32.9M | 14.8M | -48.5M | 4.2M | -1.4M | 1.0M | 2.3M |
| Total Investing Cash Inflow | 372,800 | 150,000 | 200.00 | 680.00 | 413.00 | 180,200 | 367,200 | 15,000 | 186,400 | -- | 931,700 | 0.00 | 29,000 |
| Total Investing Cash Outflow | 29.0M | 127.0M | 226.0M | 160.0M | 13.3M | 6.6M | 31.1M | 1.4M | 36.8M | 32.1M | 1.6M | 124,200 | 233,900 |
| Investing Cash Flow | -28.6M | -126.0M | -226.0M | -160.0M | -13.3M | -6.4M | -30.7M | -1.4M | -36.7M | -32.1M | -648,800 | -124,200 | -204,800 |
| Cash From Borrowings | 248.0M | 125.0M | 300.0M | 96.3M | -- | 40.0M | 66.1M | 140.0M | 23.5M | 48.0M | 11.0M | 9.0M | 13.0M |
| Dividends And Interest Paid | 45.2M | 31.1M | 67.1M | 99.8M | -- | 2.5M | 4.5M | 18.6M | 2.6M | 4.0M | 1.1M | 1.1M | 1.0M |
| Debt Repayments | 210.0M | 61.2M | 148.0M | -- | -- | 115.0M | 74.5M | 102.0M | 17.9M | 19.0M | 9.0M | 8.0M | 19.0M |
| Total Financing Cash Inflow | 248.0M | 125.0M | 327.0M | 136.0M | 323.0M | 40.0M | 66.1M | 141.0M | 93.0M | 54.6M | 30.4M | 9.0M | 15.9M |
| Total Financing Cash Outflow | 409.0M | 103.0M | 218.0M | 105.0M | 14.8M | 117.0M | 78.9M | 120.0M | 27.5M | 23.2M | 10.3M | 9.4M | 20.3M |
| Financing Cash Flow | -161.0M | 22.0M | 109.0M | 30.9M | 308.0M | -77.5M | -12.9M | 20.1M | 65.5M | 31.4M | 20.1M | -374,900 | -4.3M |
| Net Change In Cash | -147.0M | -47.1M | -1.5M | -43.6M | 380.0M | -10.6M | -10.6M | 33.5M | -19.6M | 3.4M | 18.0M | 529,100 | -2.2M |
| Ending Cash Balance | 156.0M | 303.0M | 350.0M | 351.0M | 395.0M | 15.2M | 25.8M | 36.4M | 2.9M | 22.5M | 19.1M | 1.1M | 562,100 |
| Capex | 29.0M | 127.0M | 226.0M | 160.0M | 13.3M | 6.6M | 31.1M | 1.4M | 4.1M | 23.6M | 1.6M | 124,200 | 233,900 |