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 | FY 2011Dec 31, 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.2B | 1.0B | 639.0M | 421.0M | 321.0M | 277.0M | 162.0M | 217.0M | 223.0M | 185.0M | 150.0M | 134.0M | 111.0M | 83.1M |
| Revenue Growth % | 19.8% | 57.9% | 51.8% | 31.2% | 15.9% | 71.0% | -25.3% | -2.7% | 20.5% | 23.3% | 11.9% | 20.7% | 33.6% | -- |
| Total Revenue | 1.2B | 1.0B | 639.0M | 421.0M | 321.0M | 277.0M | 162.0M | 217.0M | 223.0M | 185.0M | 150.0M | 134.0M | 111.0M | 83.1M |
| Cost Of Revenue | 880.0M | 677.0M | 442.0M | 264.0M | 181.0M | 155.0M | 103.0M | 140.0M | 133.0M | 92.3M | 74.1M | 63.6M | 49.5M | 37.2M |
| Gross Profit | 329.0M | 332.0M | 197.0M | 157.0M | 140.0M | 122.0M | 59.0M | 77.0M | 90.0M | 92.7M | 75.9M | 70.4M | 61.5M | 45.9M |
| Gross Margin % | 27.2% | 32.9% | 30.8% | 37.3% | 43.6% | 44.0% | 36.4% | 35.5% | 40.4% | 50.1% | 50.6% | 52.5% | 55.4% | 55.2% |
| Total Operating Cost | 1.2B | 939.0M | 619.0M | 407.0M | 309.0M | 256.0M | 197.0M | 218.0M | 197.0M | 151.0M | 118.0M | 102.0M | 82.5M | 61.1M |
| Selling Expenses | 75.5M | 58.9M | 51.4M | 40.0M | 29.5M | 25.8M | 18.5M | 18.5M | 19.2M | 16.6M | 12.4M | 10.7M | 8.8M | 6.8M |
| Admin Expenses | 86.5M | 65.5M | 50.5M | 40.6M | 37.0M | 31.8M | 23.0M | 26.2M | 41.6M | 40.1M | 29.7M | 26.2M | 23.0M | 16.1M |
| Rd Expenses | 113.0M | 88.2M | 58.6M | 47.7M | 39.5M | 33.4M | 21.2M | 27.9M | -- | -- | -- | -- | -- | -- |
| Finance Expenses | 5.0M | 1.7M | -86,500 | 2.8M | 1.3M | 438,200 | -2.0M | -867,600 | -1.3M | -226,300 | -176,000 | -216,300 | -125,200 | -56,000 |
| Operating Income | 18.1M | 107.0M | 42.3M | 31.2M | 48.3M | 35.2M | -18.4M | 10.4M | 26.2M | 34.5M | 31.9M | 32.3M | 28.8M | 22.0M |
| Operating Margin % | 1.5% | 10.6% | 6.6% | 7.4% | 15.0% | 12.7% | -11.4% | 4.8% | 11.7% | 18.6% | 21.3% | 24.1% | 25.9% | 26.4% |
| Non Operating Income | 589,100 | 800.00 | 43,500 | 71,300 | 23,000 | 31,500 | 13,600 | 966,600 | 19.2M | 12.5M | 9.3M | 8.0M | 9.4M | 6.0M |
| Non Operating Expenses | 1,300 | -- | -- | 58,000 | 87,700 | 81,000 | 50,000 | 50,000 | 200,000 | 50,000 | 50,000 | 50,000 | 50,000 | 3,800 |
| Investment Income | -- | -- | 1.4M | 27,600 | 100,200 | 3.9M | 138,100 | 313,300 | 134,200 | -- | -- | -- | -- | 18,100 |
| Fair Value Change Income | -- | -- | -- | -- | 23.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -119,000 | -17,900 | -26,900 | -143,100 | 10,400 | -25,300 | 13,100 | 1,300 | 123,200 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 24.5M | 23.4M | 4.7M | 1.8M | 9.9M | 785,500 | 30.0M | 2.8M | 1.5M | 613,500 | 507,000 | 472,700 | 16,100 | 91,700 |
| Other Income | 22.8M | 38.1M | 20.4M | 16.9M | 13.9M | 10.2M | 16.5M | 10.8M | -- | -- | -- | -- | -- | -- |
| Income Before Tax | 18.7M | 107.0M | 42.4M | 31.2M | 48.2M | 35.1M | -18.5M | 11.3M | 45.2M | 46.9M | 41.2M | 40.2M | 38.1M | 27.9M |
| Income Tax | -5.3M | 4.7M | -1.6M | -1.1M | 6.7M | 5.1M | -4.3M | 563,000 | 4.1M | 4.1M | 3.9M | 3.8M | 4.0M | 3.1M |
| Net Income | 23.9M | 103.0M | 43.9M | 32.4M | 41.5M | 30.0M | -14.2M | 10.7M | 41.0M | 42.7M | 37.3M | 36.4M | 34.1M | 24.8M |
| Net Margin % | 2.0% | 10.2% | 6.9% | 7.7% | 12.9% | 10.8% | -8.7% | 4.9% | 18.4% | 23.1% | 24.8% | 27.1% | 30.7% | 29.9% |
| Net Income Attributable | 23.9M | 103.0M | 44.4M | 32.5M | 41.5M | 30.0M | -14.2M | 10.7M | 41.0M | 42.7M | 37.3M | 36.4M | 34.1M | 24.8M |
| Minority Interest | -- | -- | -408,200 | -150,200 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Eps Basic | 0.14 | 0.59 | 0.26 | 0.20 | 0.26 | 0.19 | -0.10 | 0.07 | 0.28 | 0.71 | 0.62 | 0.61 | 0.57 | -- |
| Eps Diluted | 0.14 | 0.59 | 0.26 | 0.20 | 0.26 | 0.19 | -0.10 | 0.07 | 0.28 | 0.71 | 0.62 | 0.61 | 0.57 | -- |
| 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 | FY 2011Dec 31, 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 246.0M | 199.0M | 304.0M | 340.0M | 91.1M | 92.2M | 104.0M | 188.0M | 203.0M | 236.0M | 48.9M | 71.1M | 65.2M | 19.9M |
| Accounts Receivable | 730.0M | 656.0M | 441.0M | 344.0M | 294.0M | 243.0M | 113.0M | 144.0M | 103.0M | 68.1M | 46.7M | 35.6M | 18.5M | 16.6M |
| Notes Receivable | 174.0M | 152.0M | 126.0M | 11.9M | 19.0M | 16.3M | 32.2M | 21.4M | 25.7M | 42.0M | 31.0M | 17.1M | 17.6M | 12.6M |
| Notes And Accounts Receivable | 904.0M | 808.0M | 567.0M | 356.0M | 313.0M | 259.0M | 145.0M | 165.0M | 128.0M | 110.0M | 77.7M | 52.7M | 36.0M | 29.2M |
| Prepayments | 11.7M | 12.3M | 18.4M | 9.0M | 8.6M | 7.6M | 3.4M | 3.9M | 3.4M | 2.3M | 6.9M | 2.6M | 2.5M | 5.3M |
| Inventory | 264.0M | 270.0M | 227.0M | 133.0M | 94.8M | 77.9M | 40.3M | 42.4M | 31.8M | 39.0M | 23.7M | 22.1M | 17.6M | 10.8M |
| Total Current Assets | 1.5B | 1.4B | 1.1B | 891.0M | 551.0M | 466.0M | 322.0M | 402.0M | 370.0M | 392.0M | 158.0M | 150.0M | 122.0M | 65.6M |
| Long Term Equity Investment | -- | -- | -- | -- | 5.3M | 5.2M | 5.1M | 4.9M | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 367.0M | 164.0M | 154.0M | 155.0M | 152.0M | 156.0M | 168.0M | 170.0M | 66.7M | 10.9M | 11.0M | 9.7M | 9.0M |
| Fixed Assets Total | 371.0M | 367.0M | 164.0M | 154.0M | 155.0M | 152.0M | 156.0M | 168.0M | 170.0M | 66.7M | 10.9M | 11.0M | 9.7M | 9.0M |
| Construction In Progress | -- | 681,700 | 27.3M | 533,500 | 3.2M | 13.0M | 496,400 | 463,300 | 3.6M | 48.0M | 61.5M | 23.6M | 1.8M | -- |
| Construction In Progress Total | 7.5M | 681,700 | 27.3M | 533,500 | 3.2M | 13.0M | 496,400 | 463,300 | 3.6M | 48.0M | 61.5M | 23.6M | 1.8M | -- |
| Intangible Assets | 68.7M | 70.1M | 30.7M | 34.2M | 20.5M | 20.6M | 17.9M | 16.9M | 19.2M | 19.2M | 19.7M | 20.2M | 20.6M | 3.5M |
| Long Term Deferred Expenses | 312,500 | 502,700 | 975,000 | 589,600 | 931,100 | 909,500 | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Assets | 626.0M | 632.0M | 421.0M | 388.0M | 378.0M | 394.0M | 194.0M | 200.0M | 195.0M | 134.0M | 92.4M | 55.0M | 32.0M | 12.5M |
| Total Assets | 2.1B | 2.0B | 1.6B | 1.3B | 930.0M | 860.0M | 516.0M | 602.0M | 565.0M | 526.0M | 251.0M | 205.0M | 154.0M | 78.2M |
| Short Term Borrowings | 152.0M | 171.0M | 108.0M | 79.5M | 60.1M | 45.0M | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Payable | 449.0M | 478.0M | 347.0M | 178.0M | 137.0M | 103.0M | 63.6M | 104.0M | 66.2M | 48.2M | 27.7M | 22.0M | 14.9M | 7.7M |
| Advance Receipts | -- | -- | -- | -- | -- | 1.5M | 932,000 | 1.5M | 806,800 | 8.9M | 6.0M | 1.5M | 711,300 | 711,100 |
| Contract Liabilities | 10.8M | 9.6M | 4.8M | 3.5M | 2.1M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 901.0M | 830.0M | 529.0M | 284.0M | 214.0M | 164.0M | 81.4M | 150.0M | 128.0M | 87.6M | 42.3M | 29.0M | 19.9M | 13.1M |
| Long Term Borrowings | 56.0M | 18.0M | -- | 5.0M | -- | -- | -- | -- | -- | 17.0M | 1.0M | -- | -- | -- |
| Total Non Current Liabilities | 92.2M | 36.0M | 15.5M | 26.0M | 20.3M | 19.7M | 20.8M | 21.1M | 22.8M | 43.1M | 27.7M | 24.9M | 19.2M | -- |
| Total Liabilities | 993.0M | 866.0M | 545.0M | 310.0M | 235.0M | 184.0M | 102.0M | 171.0M | 151.0M | 131.0M | 69.9M | 53.8M | 39.2M | 13.1M |
| Paid In Capital | 175.0M | 174.0M | 173.0M | 173.0M | 161.0M | 161.0M | 145.0M | 146.0M | 81.0M | 80.0M | 60.0M | 60.0M | 60.0M | 5.0M |
| Capital Reserve | 617.0M | 598.0M | 587.0M | 583.0M | 374.0M | 374.0M | 169.0M | 183.0M | 243.0M | 199.0M | 39.0M | 39.0M | 39.0M | -- |
| Surplus Reserve | 42.7M | 37.0M | 25.8M | 22.5M | 21.7M | 19.2M | 18.8M | 18.8M | 17.7M | 13.6M | 9.4M | 5.6M | 2.0M | 2.5M |
| Retained Earnings | 305.0M | 307.0M | 225.0M | 189.0M | 161.0M | 122.0M | 92.7M | 110.0M | 116.0M | 103.0M | 72.4M | 46.3M | 13.6M | 57.5M |
| Minority Equity | -- | -- | 924,700 | 1.2M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 1.1B | 1.1B | 1.0B | 968.0M | 695.0M | 677.0M | 414.0M | 431.0M | 414.0M | 396.0M | 181.0M | 151.0M | 115.0M | 65.0M |
| Total Equity | 1.1B | 1.1B | 1.0B | 969.0M | 695.0M | 677.0M | 414.0M | 431.0M | 414.0M | 396.0M | 181.0M | 151.0M | 115.0M | 65.0M |
| 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 | FY 2011Dec 31, 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 658.0M | 497.0M | 319.0M | 236.0M | 173.0M | 153.0M | 120.0M | 136.0M | 157.0M | 186.0M | 153.0M | 141.0M | 123.0M | 80.7M |
| Tax Refunds Received | 13.5M | 15.6M | 9.6M | 7.2M | 6.0M | 6.1M | 7.2M | 8.1M | 10.5M | 12.2M | 8.8M | 7.8M | 8.7M | 5.0M |
| Total Operating Cash Inflow | 708.0M | 551.0M | 358.0M | 265.0M | 198.0M | 176.0M | 147.0M | 175.0M | 221.0M | 202.0M | 168.0M | 151.0M | 145.0M | 88.8M |
| Cash Paid For Goods | 268.0M | 233.0M | 158.0M | 93.2M | 61.7M | 56.3M | 66.0M | 50.4M | 57.8M | 89.6M | 71.2M | 63.7M | 52.5M | 41.5M |
| Cash Paid To Employees | 234.0M | 163.0M | 120.0M | 87.8M | 69.8M | 63.1M | 44.5M | 50.3M | 57.4M | 36.0M | 31.2M | 29.9M | 23.4M | 17.3M |
| Taxes Paid | 40.3M | 43.1M | 16.8M | 21.2M | 22.3M | 23.5M | 14.9M | 15.0M | 21.9M | 21.0M | 18.6M | 14.9M | 17.2M | 11.0M |
| Total Operating Cash Outflow | 650.0M | 536.0M | 364.0M | 263.0M | 203.0M | 186.0M | 181.0M | 159.0M | 206.0M | 173.0M | 141.0M | 125.0M | 116.0M | 79.2M |
| Operating Cash Flow | 58.4M | 14.7M | -5.6M | 1.9M | -5.0M | -9.9M | -34.5M | 15.6M | 15.5M | 28.6M | 27.4M | 26.1M | 29.2M | 9.6M |
| Total Investing Cash Inflow | 201,000 | 143,500 | 166.0M | 5.8M | 60,000 | 78,300 | 430,200 | 60.3M | 51.5M | 2,400 | 536,500 | 5.6M | 23.0M | 9.2M |
| Total Investing Cash Outflow | 57.8M | 188.0M | 226.0M | 20.7M | 3.8M | 19.8M | 30.3M | 71.5M | 97.3M | 41.2M | 43.3M | 26.4M | 22.3M | 7.7M |
| Investing Cash Flow | -57.6M | -188.0M | -59.7M | -15.0M | -3.8M | -19.8M | -29.9M | -11.1M | -45.8M | -41.2M | -42.7M | -20.8M | 704,600 | 1.5M |
| Cash From Borrowings | 224.0M | 210.0M | 108.0M | 87.4M | 60.0M | 40.0M | -- | -- | -- | 16.0M | 1.0M | -- | -- | -- |
| Dividends And Interest Paid | 28.1M | 14.1M | 8.9M | 7.1M | 2.1M | 1.2M | 2.8M | 16.1M | 24.1M | 8.3M | 7.5M | -- | 4.5M | -- |
| Debt Repayments | 190.0M | 132.0M | 82.4M | 60.0M | 45.0M | 6.0M | -- | -- | 17.0M | -- | -- | -- | -- | -- |
| Total Financing Cash Inflow | 258.0M | 214.0M | 108.0M | 333.0M | 60.0M | 43.1M | -- | -- | 43.8M | 206.0M | 1.0M | -- | 20.0M | -- |
| Total Financing Cash Outflow | 219.0M | 149.0M | 94.8M | 71.0M | 49.6M | 27.6M | 18.1M | 18.0M | 44.4M | 11.2M | 7.5M | -- | 4.5M | -- |
| Financing Cash Flow | 39.5M | 65.6M | 12.7M | 262.0M | 10.4M | 15.5M | -18.1M | -18.0M | -596,700 | 194.0M | -6.5M | -- | 15.5M | -- |
| Net Change In Cash | 40.3M | -108.0M | -52.6M | 249.0M | 1.6M | -14.2M | -82.5M | -13.6M | -31.0M | 182.0M | -21.8M | 5.3M | 45.4M | 11.1M |
| Ending Cash Balance | 220.0M | 179.0M | 287.0M | 340.0M | 91.0M | 89.4M | 104.0M | 186.0M | 200.0M | 231.0M | 48.8M | 70.6M | 65.2M | 19.9M |
| Capex | 57.8M | 187.0M | 61.2M | 20.6M | 3.8M | 6.7M | 4.5M | 6.6M | 47.3M | 41.2M | 43.3M | 25.3M | 22.3M | 1.8M |