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 |
|---|---|---|---|---|---|
| Revenue | 776.0M | 796.0M | 896.0M | 885.0M | 1.2B |
| Revenue Growth % | -2.5% | -11.2% | 1.2% | -27.8% | -- |
| Total Revenue | 776.0M | 796.0M | 896.0M | 885.0M | 1.2B |
| Cost Of Revenue | 343.0M | 283.0M | 275.0M | 234.0M | 350.0M |
| Gross Profit | 433.0M | 513.0M | 621.0M | 651.0M | 875.0M |
| Gross Margin % | 55.8% | 64.4% | 69.3% | 73.6% | 71.4% |
| Total Operating Cost | 929.0M | 929.0M | 981.0M | 1.0B | 1.4B |
| Selling Expenses | 309.0M | 397.0M | 462.0M | 530.0M | 714.0M |
| Admin Expenses | 135.0M | 139.0M | 139.0M | 132.0M | 143.0M |
| Rd Expenses | 62.5M | 64.7M | 99.8M | 80.6M | 100.0M |
| Finance Expenses | -9.9M | -18.9M | -22.6M | 4.8M | 19.5M |
| Operating Income | -146.0M | -106.0M | 56.2M | -96.0M | -70.1M |
| Operating Margin % | -18.8% | -13.3% | 6.3% | -10.9% | -5.7% |
| Non Operating Income | 153,300 | 31.0M | 328,300 | 21.0M | 244,500 |
| Non Operating Expenses | 796,600 | 709,100 | 53.0M | 224,900 | 36.1M |
| Investment Income | -21.1M | -18.9M | 87.0M | 5.8M | 47.9M |
| Fair Value Change Income | -- | -- | -- | -- | -- |
| Asset Disposal Income | 34,400 | 494,500 | 446,100 | 248,800 | -29,200 |
| Asset Impairment Loss | 70.7M | 34.3M | 5.0M | 2.0M | 28.0M |
| Other Income | 28.1M | 45.7M | 54.6M | 53.9M | 59.8M |
| Income Before Tax | -147.0M | -75.5M | 3.6M | -75.2M | -106.0M |
| Income Tax | -20.3M | 4.6M | 13.6M | 1.0M | -27,400 |
| Net Income | -127.0M | -80.1M | -10.0M | -76.3M | -106.0M |
| Net Margin % | -16.4% | -10.1% | -1.1% | -8.6% | -8.7% |
| Net Income Attributable | -135.0M | -87.8M | -8.9M | -68.7M | -101.0M |
| Minority Interest | 8.2M | 7.7M | -1.1M | -7.6M | -5.4M |
| Eps Basic | -0.13 | -0.08 | -0.01 | -0.07 | -0.10 |
| Eps Diluted | -0.13 | -0.08 | -0.01 | -0.07 | -0.10 |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash And Equivalents | 926.0M | 1.1B | 836.0M | 846.0M | 559.0M |
| Trading Financial Assets | -- | -- | -- | -- | -- |
| Accounts Receivable | 228.0M | 272.0M | 323.0M | 331.0M | 422.0M |
| Notes Receivable | 17.5M | 1.9M | 1.4M | 1.7M | 768,700 |
| Notes And Accounts Receivable | 246.0M | 274.0M | 325.0M | 333.0M | 423.0M |
| Prepayments | 24.6M | 31.6M | 27.2M | 33.2M | 20.8M |
| Inventory | 161.0M | 202.0M | 171.0M | 202.0M | 158.0M |
| Total Current Assets | 1.5B | 1.8B | 1.6B | 1.7B | 1.7B |
| Long Term Equity Investment | 264.0M | 220.0M | 240.0M | 142.0M | 93.7M |
| Fixed Assets | 246.0M | 260.0M | 277.0M | 324.0M | 374.0M |
| Fixed Assets Total | 246.0M | 260.0M | 277.0M | 324.0M | 376.0M |
| Construction In Progress | 614,100 | 7.0M | 2.5M | 3.8M | 4.1M |
| Construction In Progress Total | 614,100 | 7.0M | 2.5M | 3.8M | 4.1M |
| Intangible Assets | 131.0M | 182.0M | 189.0M | 184.0M | 116.0M |
| Long Term Deferred Expenses | 4.4M | 4.9M | 4.5M | 7.3M | 4.0M |
| Total Non Current Assets | 1.1B | 1.1B | 1.2B | 1.3B | 1.2B |
| Total Assets | 2.6B | 2.9B | 2.9B | 3.1B | 2.9B |
| Short Term Borrowings | 179.0M | 243.0M | 114.0M | 122.0M | 130.0M |
| Accounts Payable | 93.5M | 65.6M | 34.7M | 49.6M | 34.3M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 13.2M | 13.8M | 17.9M | 24.0M | 13.1M |
| Total Current Liabilities | 728.0M | 802.0M | 562.0M | 701.0M | 667.0M |
| Long Term Borrowings | 57.2M | 141.0M | 126.0M | 149.0M | -- |
| Total Non Current Liabilities | 82.2M | 171.0M | 206.0M | 169.0M | 47.8M |
| Total Liabilities | 811.0M | 972.0M | 769.0M | 870.0M | 715.0M |
| Paid In Capital | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B |
| Capital Reserve | 1.5B | 1.5B | 1.5B | 1.5B | 1.5B |
| Surplus Reserve | 54.0M | 54.0M | 54.0M | 54.0M | 54.0M |
| Retained Earnings | -805.0M | -555.0M | -469.0M | -460.0M | -413.0M |
| Minority Equity | 8.2M | 8.0M | 41.5M | 60.5M | 55.8M |
| Equity Attributable | 1.8B | 1.9B | 2.1B | 2.1B | 2.2B |
| Total Equity | 1.8B | 1.9B | 2.1B | 2.2B | 2.2B |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash From Sales | 876.0M | 970.0M | 1.0B | 1.1B | 1.4B |
| Tax Refunds Received | 819,200 | 293,000 | 2.9M | 3.1M | 1.4M |
| Total Operating Cash Inflow | 1.3B | 1.8B | 1.6B | 1.5B | 1.8B |
| Cash Paid For Goods | 317.0M | 264.0M | 212.0M | 261.0M | 315.0M |
| Cash Paid To Employees | 169.0M | 159.0M | 145.0M | 133.0M | 131.0M |
| Taxes Paid | 78.2M | 127.0M | 136.0M | 118.0M | 168.0M |
| Total Operating Cash Outflow | 1.3B | 1.6B | 1.5B | 1.4B | 1.7B |
| Operating Cash Flow | 26.0M | 185.0M | 81.5M | 57.1M | 108.0M |
| Total Investing Cash Inflow | 30.6M | 88.9M | 68.2M | 127.0M | 300.0M |
| Total Investing Cash Outflow | 82.0M | 107.0M | 195.0M | 114.0M | 143.0M |
| Investing Cash Flow | -51.4M | -18.3M | -127.0M | 13.8M | 157.0M |
| Cash From Borrowings | 295.0M | 392.0M | 295.0M | 352.0M | 171.0M |
| Dividends And Interest Paid | 12.3M | 60.1M | 36.3M | 23.2M | 58.9M |
| Debt Repayments | 426.0M | 176.0M | 354.0M | 203.0M | 1.0B |
| Total Financing Cash Inflow | 326.0M | 431.0M | 331.0M | 396.0M | 1.4B |
| Total Financing Cash Outflow | 444.0M | 241.0M | 412.0M | 230.0M | 1.4B |
| Financing Cash Flow | -118.0M | 190.0M | -81.2M | 166.0M | 36.1M |
| Net Change In Cash | -144.0M | 357.0M | -126.0M | 240.0M | 301.0M |
| Ending Cash Balance | 881.0M | 1.0B | 669.0M | 795.0M | 555.0M |
| Capex | 38.2M | 75.5M | 59.3M | 68.2M | 38.7M |