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 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.9B | 1.8B | 1.7B | 1.6B | 1.4B | 977.0M | 806.0M | 735.0M | 667.0M | 553.0M | 542.0M | 533.0M | 437.0M |
| Revenue Growth % | 5.3% | 5.9% | 7.8% | 18.0% | 39.4% | 21.2% | 9.7% | 10.2% | 20.6% | 2.0% | 1.7% | 22.0% | -- |
| Total Revenue | 1.9B | 1.8B | 1.7B | 1.6B | 1.4B | 977.0M | 806.0M | 735.0M | 667.0M | 553.0M | 542.0M | 533.0M | 437.0M |
| Cost Of Revenue | 1.5B | 1.4B | 1.4B | 1.2B | 1.1B | 728.0M | 593.0M | 552.0M | 497.0M | 390.0M | 387.0M | 421.0M | 350.0M |
| Gross Profit | 442.0M | 392.0M | 371.0M | 370.0M | 230.0M | 249.0M | 213.0M | 183.0M | 170.0M | 163.0M | 155.0M | 112.0M | 87.0M |
| Gross Margin % | 22.9% | 21.4% | 21.4% | 23.0% | 16.9% | 25.5% | 26.4% | 24.9% | 25.5% | 29.5% | 28.6% | 21.0% | 19.9% |
| Total Operating Cost | 1.8B | 1.7B | 1.6B | 1.4B | 1.3B | 862.0M | 714.0M | 665.0M | 619.0M | 497.0M | 487.0M | 501.0M | 439.0M |
| Selling Expenses | 77.8M | 70.0M | 58.4M | 44.8M | 34.0M | 29.4M | 44.6M | 44.2M | 46.4M | 43.7M | 37.0M | 29.3M | 21.3M |
| Admin Expenses | 109.0M | 87.2M | 93.9M | 76.9M | 57.4M | 41.2M | 28.4M | 25.1M | 26.4M | 28.8M | 50.7M | 35.1M | 55.2M |
| Rd Expenses | 84.5M | 84.3M | 81.9M | 63.9M | 54.6M | 43.5M | 33.5M | 27.2M | 28.3M | 22.2M | -- | -- | -- |
| Finance Expenses | 8.6M | 10.4M | 13.2M | -858,500 | 3.5M | 7.5M | 1.8M | 5.0M | 11.0M | 3.5M | 6.4M | 10.5M | 9.5M |
| Operating Income | 197.0M | 142.0M | 124.0M | 166.0M | 84.5M | 122.0M | 102.0M | 73.2M | 50.3M | 58.8M | 54.2M | 32.8M | -1.7M |
| Operating Margin % | 10.2% | 7.7% | 7.2% | 10.3% | 6.2% | 12.5% | 12.7% | 10.0% | 7.5% | 10.6% | 10.0% | 6.2% | -0.4% |
| Non Operating Income | 341,100 | 32,500 | 45,800 | 2.0M | 1.6M | 400,000 | 1.4M | 2.5M | 1.4M | 2.9M | 508,000 | 2.2M | 5.4M |
| Non Operating Expenses | 679,700 | 415,200 | 1.4M | 881,100 | 593,800 | 144,600 | 249,700 | 101,000 | 1,200 | 308,700 | 1.1M | 273,000 | 368,200 |
| Investment Income | -- | -- | -- | 1.4M | 908,600 | -- | -- | -- | -- | 2.3M | 117,100 | -- | -- |
| Fair Value Change Income | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -1.1M | 1.1M | -- |
| Asset Disposal Income | 292,200 | -2.0M | -120,300 | -1.2M | 146,300 | -117,400 | -435,800 | -605,200 | -435,300 | -73,900 | -- | -- | -- |
| Asset Impairment Loss | 4.8M | -1.4M | 4.8M | 12.1M | 1.3M | 1.5M | 1.4M | 3.1M | 3.4M | 2.2M | 347,200 | 1.8M | 1.0M |
| Other Income | 51.0M | 16.2M | 24.3M | 9.0M | 7.7M | 6.7M | 10.3M | 3.2M | 2.6M | -- | -- | -- | -- |
| Income Before Tax | 196.0M | 141.0M | 123.0M | 167.0M | 85.5M | 123.0M | 104.0M | 75.6M | 51.6M | 61.3M | 53.6M | 34.7M | 3.4M |
| Income Tax | 20.1M | 10.3M | 7.0M | -3.0M | 6.7M | 13.7M | 11.6M | 7.3M | 5.6M | 7.3M | 6.4M | 7.5M | 2.3M |
| Net Income | 176.0M | 131.0M | 116.0M | 170.0M | 78.8M | 109.0M | 92.0M | 68.3M | 46.0M | 54.0M | 47.2M | 27.2M | 1.1M |
| Net Margin % | 9.1% | 7.1% | 6.7% | 10.6% | 5.8% | 11.2% | 11.4% | 9.3% | 6.9% | 9.8% | 8.7% | 5.1% | 0.2% |
| Net Income Attributable | 175.0M | 131.0M | 116.0M | 170.0M | 78.8M | 109.0M | 92.0M | 68.3M | 46.0M | 54.0M | 47.2M | 27.2M | 1.0M |
| Minority Interest | 1.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 4,800 |
| Eps Basic | 2.14 | 1.60 | 1.42 | 2.08 | 0.98 | 1.78 | 1.50 | 1.11 | 0.75 | 0.88 | 0.77 | 0.46 | 0.02 |
| Eps Diluted | 2.14 | 1.60 | 1.42 | 2.08 | 0.98 | 1.78 | 1.50 | 1.11 | 0.75 | 0.88 | 0.77 | 0.46 | 0.02 |
| 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 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 379.0M | 362.0M | 345.0M | 343.0M | 351.0M | 59.5M | 86.3M | 52.2M | 106.0M | 50.9M | 62.2M | 71.8M | 44.6M |
| Trading Financial Assets | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.1M | -- |
| Accounts Receivable | 359.0M | 342.0M | 361.0M | 263.0M | 185.0M | 142.0M | 121.0M | 107.0M | 103.0M | 95.2M | 81.8M | 65.4M | 48.8M |
| Notes Receivable | 50.7M | 51.0M | 44.8M | 32.8M | 36.8M | -- | 16.3M | 10.0M | 10.9M | 3.4M | 9.5M | 5.7M | 1.4M |
| Notes And Accounts Receivable | 410.0M | 393.0M | 405.0M | 295.0M | 222.0M | 142.0M | 137.0M | 117.0M | 114.0M | 98.6M | 91.3M | 71.1M | 50.2M |
| Prepayments | 4.9M | 8.6M | 8.2M | 7.9M | 15.9M | 9.9M | 5.3M | 7.2M | 3.4M | 2.9M | 7.6M | 5.0M | 8.7M |
| Inventory | 300.0M | 275.0M | 250.0M | 238.0M | 241.0M | 147.0M | 119.0M | 120.0M | 151.0M | 121.0M | 94.1M | 115.0M | 122.0M |
| Total Current Assets | 1.2B | 1.2B | 1.1B | 904.0M | 853.0M | 413.0M | 362.0M | 302.0M | 384.0M | 290.0M | 260.0M | 269.0M | 234.0M |
| Fixed Assets | 837.0M | 854.0M | 614.0M | 589.0M | 350.0M | 211.0M | 187.0M | 180.0M | 158.0M | -- | 115.0M | 86.0M | 76.2M |
| Fixed Assets Total | 837.0M | 854.0M | 614.0M | 589.0M | 350.0M | 211.0M | 187.0M | 180.0M | 158.0M | 117.0M | 115.0M | 86.0M | 76.2M |
| Construction In Progress | 197.0M | 59.9M | 187.0M | 72.4M | 47.6M | 32.8M | 9.5M | 10.7M | 10.7M | -- | 3.3M | 13.9M | 3.2M |
| Construction In Progress Total | 197.0M | 59.9M | 187.0M | 72.4M | 47.6M | 32.8M | 9.5M | 10.7M | 10.7M | 9.3M | 3.3M | 13.9M | 3.2M |
| Intangible Assets | 248.0M | 150.0M | 252.0M | 30.0M | 29.7M | 27.4M | 27.9M | 28.9M | 29.9M | 27.3M | 34.9M | 14.4M | 7.3M |
| Long Term Deferred Expenses | 222,400 | 331,100 | 1.1M | 2.7M | 3.2M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Assets | 1.4B | 1.2B | 1.2B | 840.0M | 530.0M | 305.0M | 236.0M | 226.0M | 213.0M | 161.0M | 161.0M | 133.0M | 96.0M |
| Total Assets | 2.6B | 2.4B | 2.2B | 1.7B | 1.4B | 718.0M | 598.0M | 528.0M | 597.0M | 451.0M | 421.0M | 403.0M | 330.0M |
| Short Term Borrowings | -- | -- | 20.0M | 248.0M | 59.7M | 15.0M | 60.0M | 59.0M | 160.0M | 96.0M | 116.0M | 138.0M | 112.0M |
| Accounts Payable | 306.0M | 269.0M | 254.0M | 190.0M | 149.0M | 82.7M | 65.3M | 57.4M | 76.9M | 49.1M | 39.9M | 62.0M | 54.4M |
| Advance Receipts | -- | -- | -- | -- | -- | -- | 20.4M | 20.1M | 12.9M | 11.8M | 21.0M | 21.3M | 24.9M |
| Contract Liabilities | 57.4M | 57.7M | 37.5M | 33.8M | 40.0M | 41.5M | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 797.0M | 505.0M | 446.0M | 549.0M | 354.0M | 181.0M | 175.0M | 179.0M | 303.0M | 202.0M | 213.0M | 258.0M | 243.0M |
| Long Term Borrowings | 243.0M | 506.0M | 514.0M | -- | -- | -- | -- | -- | -- | -- | 16.0M | -- | -- |
| Total Non Current Liabilities | 367.0M | 619.0M | 641.0M | 108.0M | 83.6M | 48.0M | 42.8M | 40.7M | 33.9M | 4.5M | 17.7M | 1.7M | -- |
| Total Liabilities | 1.2B | 1.1B | 1.1B | 657.0M | 438.0M | 229.0M | 217.0M | 220.0M | 337.0M | 206.0M | 231.0M | 259.0M | 243.0M |
| Paid In Capital | 81.8M | 81.8M | 81.8M | 81.8M | 81.8M | 61.3M | 61.3M | 61.3M | 61.3M | 61.3M | 61.3M | 61.3M | 57.0M |
| Capital Reserve | 452.0M | 452.0M | 452.0M | 452.0M | 452.0M | 60.7M | 60.7M | 60.7M | 60.7M | 60.7M | 60.7M | 60.7M | 36.6M |
| Surplus Reserve | 40.9M | 36.4M | 32.1M | 30.3M | 23.1M | 20.1M | 16.0M | 11.0M | 6.4M | 2.9M | 2.5M | 429,500 | -- |
| Retained Earnings | 812.0M | 682.0M | 596.0M | 523.0M | 390.0M | 347.0M | 242.0M | 175.0M | 132.0M | 120.0M | 66.1M | 20.9M | -5.8M |
| Minority Equity | 21.2M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 1.4B | 1.3B | 1.2B | 1.1B | 945.0M | 489.0M | 380.0M | 308.0M | 260.0M | 245.0M | 191.0M | 143.0M | 87.8M |
| Total Equity | 1.4B | 1.3B | 1.2B | 1.1B | 945.0M | 489.0M | 380.0M | 308.0M | 260.0M | 245.0M | 191.0M | 143.0M | 87.8M |
| 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 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 1.6B | 1.6B | 1.4B | 1.7B | 1.1B | 884.0M | 729.0M | 681.0M | 596.0M | 505.0M | 473.0M | 477.0M | 418.0M |
| Tax Refunds Received | 16.9M | 16.1M | 19.3M | 20.2M | 42.7M | 18.9M | 10.5M | 11.7M | 8.8M | 5.4M | 2.4M | 5.7M | 2.7M |
| Total Operating Cash Inflow | 1.7B | 1.6B | 1.5B | 1.7B | 1.1B | 910.0M | 749.0M | 702.0M | 609.0M | 514.0M | 476.0M | 487.0M | 427.0M |
| Cash Paid For Goods | 837.0M | 849.0M | 876.0M | 1.2B | 815.0M | 601.0M | 428.0M | 410.0M | 348.0M | 297.0M | 259.0M | 329.0M | 267.0M |
| Cash Paid To Employees | 309.0M | 302.0M | 275.0M | 222.0M | 204.0M | 134.0M | 115.0M | 112.0M | 117.0M | 100.0M | 87.6M | 75.7M | 59.4M |
| Taxes Paid | 67.0M | 49.4M | 38.1M | 18.1M | 5.7M | 22.4M | 23.0M | 17.1M | 20.3M | 24.3M | 27.4M | 22.1M | 19.5M |
| Total Operating Cash Outflow | 1.3B | 1.3B | 1.3B | 1.5B | 1.1B | 806.0M | 628.0M | 590.0M | 544.0M | 471.0M | 427.0M | 458.0M | 379.0M |
| Operating Cash Flow | 350.0M | 282.0M | 165.0M | 164.0M | 17.4M | 103.0M | 121.0M | 112.0M | 64.2M | 43.6M | 49.0M | 29.6M | 48.3M |
| Total Investing Cash Inflow | 106.0M | 1.1M | 244,100 | 2.8M | 64.0M | 3.4M | 564,600 | 2.3M | 12.6M | 12.1M | 130.0M | 2.3M | -- |
| Total Investing Cash Outflow | 333.0M | 187.0M | 381.0M | 329.0M | 212.0M | 83.8M | 42.4M | 45.8M | 71.4M | 40.2M | 176.0M | 46.9M | 21.2M |
| Investing Cash Flow | -227.0M | -186.0M | -381.0M | -326.0M | -148.0M | -80.4M | -41.9M | -43.5M | -58.7M | -28.1M | -45.2M | -44.7M | -21.2M |
| Cash From Borrowings | 138.0M | 20.0M | 735.0M | 248.0M | 79.3M | 15.0M | 100.0M | 139.0M | 160.0M | 80.0M | 186.0M | 238.0M | 152.0M |
| Dividends And Interest Paid | 55.0M | 57.5M | 55.7M | 37.2M | 33.3M | 1.5M | 23.2M | 26.7M | 37.5M | 6.5M | 9.3M | 10.2M | 24.0M |
| Debt Repayments | 181.0M | 37.4M | 447.0M | 50.0M | 35.0M | 60.0M | 119.0M | 220.0M | 112.0M | 102.0M | 190.0M | 212.0M | 154.0M |
| Total Financing Cash Inflow | 138.0M | 20.0M | 735.0M | 248.0M | 516.0M | 15.0M | 100.0M | 139.0M | 189.0M | 80.0M | 191.0M | 266.0M | 168.0M |
| Total Financing Cash Outflow | 247.0M | 106.0M | 516.0M | 97.6M | 88.7M | 62.4M | 146.0M | 248.0M | 151.0M | 110.0M | 201.0M | 223.0M | 178.0M |
| Financing Cash Flow | -109.0M | -85.7M | 219.0M | 150.0M | 427.0M | -47.4M | -45.6M | -109.0M | 38.2M | -30.3M | -10.0M | 43.2M | -10.0M |
| Net Change In Cash | 16.5M | 17.2M | 2.0M | -8.5M | 292.0M | -26.8M | 34.2M | -40.0M | 41.1M | -11.3M | -3.2M | 27.8M | 16.8M |
| Ending Cash Balance | 378.0M | 362.0M | 345.0M | 343.0M | 351.0M | 59.5M | 86.3M | 52.0M | 92.0M | 50.9M | 62.2M | 65.5M | 37.6M |
| Capex | 323.0M | 187.0M | 381.0M | 143.0M | 119.0M | 83.8M | 42.4M | 45.8M | 71.4M | 26.8M | 45.6M | 46.9M | 21.2M |