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 | 232.0M | 71.4M | 388.0M | 308.0M | 288.0M | 463.0M | 460.0M | 425.0M | 381.0M | 354.0M | 313.0M | 285.0M | 212.0M | 172.0M |
| Revenue Growth % | 224.8% | -81.6% | 26.0% | 6.9% | -37.8% | 0.7% | 8.2% | 11.5% | 7.6% | 13.1% | 9.8% | 34.4% | 23.3% | -- |
| Total Revenue | 232.0M | 71.4M | 388.0M | 308.0M | 288.0M | 463.0M | 460.0M | 425.0M | 381.0M | 354.0M | 313.0M | 285.0M | 212.0M | 172.0M |
| Cost Of Revenue | 194.0M | 58.0M | 291.0M | 253.0M | 243.0M | 350.0M | 330.0M | 308.0M | 279.0M | 255.0M | 216.0M | 204.0M | 149.0M | 120.0M |
| Gross Profit | 38.0M | 13.4M | 97.0M | 55.0M | 45.0M | 113.0M | 130.0M | 117.0M | 102.0M | 99.0M | 97.0M | 81.0M | 63.0M | 52.0M |
| Gross Margin % | 16.4% | 18.8% | 25.0% | 17.9% | 15.6% | 24.4% | 28.3% | 27.5% | 26.8% | 28.0% | 31.0% | 28.4% | 29.7% | 30.2% |
| Total Operating Cost | 315.0M | 116.0M | 355.0M | 313.0M | 281.0M | 404.0M | 400.0M | 366.0M | 325.0M | 300.0M | 262.0M | 243.0M | 178.0M | 142.0M |
| Selling Expenses | 2.4M | 865,700 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Admin Expenses | 37.1M | 22.9M | 23.0M | 26.3M | 23.6M | 33.3M | 38.4M | 35.1M | 42.0M | 38.5M | 33.9M | 28.6M | 20.1M | 16.9M |
| Rd Expenses | 6.7M | 9.7M | 7.2M | 3.4M | 8.6M | 15.7M | 15.3M | 13.4M | -- | -- | -- | -- | -- | -- |
| Finance Expenses | 1.4M | 1.1M | 2.1M | -3.0M | -891,000 | -1.5M | 5.5M | 171,600 | -1.1M | -276,400 | -224,100 | -532,200 | 1.2M | 623,700 |
| Operating Income | -87.5M | -42.2M | 33.6M | -4.5M | 7.5M | 58.7M | 60.9M | 59.3M | 55.4M | 54.0M | 50.6M | 42.2M | 34.0M | 30.0M |
| Operating Margin % | -37.7% | -59.1% | 8.7% | -1.4% | 2.6% | 12.7% | 13.2% | 14.0% | 14.5% | 15.3% | 16.2% | 14.8% | 16.1% | 17.4% |
| Non Operating Income | 1.9M | 3.3M | 100,300 | 39,100 | 341,800 | 601,500 | 559,500 | 642,000 | 3.5M | 930,700 | -- | 6.4M | -- | 13,100 |
| Non Operating Expenses | 1.7M | 640,800 | 988,700 | 415,600 | 289,500 | 49,800 | 631,200 | 10,000 | 59,900 | 20,000 | 1.2M | 2.1M | 21,100 | 900.00 |
| Investment Income | -- | -296,000 | 131,000 | 731,100 | -- | -16,500 | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -4.1M | 1.1M | 421,000 | 53,300 | 225,700 | -86,300 | 1,600 | 50,200 | -- | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 11.8M | -178,200 | -9.8M | 13.4M | -190,000 | -- | 7.7M | 7.7M | 5.2M | -2.2M | 4.0M | 3.2M | 1.5M | 1.2M |
| Other Income | 52,800 | 1.5M | 51,000 | 23,900 | 189,900 | 200,000 | 200,000 | 110,000 | -- | -- | -- | -- | -- | -- |
| Income Before Tax | -87.3M | -39.6M | 32.7M | -4.8M | 7.5M | 59.3M | 60.9M | 59.9M | 58.8M | 54.9M | 49.4M | 46.4M | 34.0M | 30.0M |
| Income Tax | -14.3M | -3.7M | 9.1M | -2.7M | 371,800 | 6.8M | 8.6M | 8.1M | 7.9M | 7.4M | 6.8M | 5.9M | 4.8M | 7.6M |
| Net Income | -73.0M | -35.9M | 23.6M | -2.1M | 7.2M | 52.5M | 52.2M | 51.9M | 50.9M | 47.5M | 42.7M | 40.5M | 29.2M | 22.4M |
| Net Margin % | -31.5% | -50.2% | 6.1% | -0.7% | 2.5% | 11.3% | 11.4% | 12.2% | 13.4% | 13.4% | 13.6% | 14.2% | 13.8% | 13.0% |
| Net Income Attributable | -77.1M | -29.8M | 23.5M | -448,200 | 7.2M | 52.5M | 52.2M | 51.9M | 50.9M | 47.5M | 42.7M | 40.5M | 29.2M | 22.4M |
| Minority Interest | 4.1M | -6.1M | 125,200 | -1.7M | -1,100 | -23,400 | -- | -- | -- | -- | -- | -- | -- | -- |
| Eps Basic | -0.26 | -0.10 | 0.08 | -0.00 | 0.02 | 0.18 | 0.18 | 0.31 | 0.37 | 0.68 | 0.61 | 0.58 | 0.49 | -- |
| Eps Diluted | -0.26 | -0.10 | 0.08 | -0.00 | 0.02 | 0.18 | 0.18 | 0.31 | 0.37 | 0.68 | 0.61 | 0.58 | 0.49 | -- |
| 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 | 31.2M | 62.1M | 104.0M | 222.0M | 369.0M | 448.0M | 449.0M | 273.0M | 329.0M | 152.0M | 83.5M | 98.2M | 98.8M | 19.7M |
| Accounts Receivable | 534.0M | 521.0M | 608.0M | 132.0M | 105.0M | 166.0M | 243.0M | 238.0M | 168.0M | 105.0M | 115.0M | 90.0M | 54.7M | 35.6M |
| Notes Receivable | 102,800 | -- | -- | -- | 13.7M | 3.0M | 14.0M | 5.6M | 14.2M | 15.3M | 6.2M | 596,000 | -- | -- |
| Notes And Accounts Receivable | 534.0M | 521.0M | 608.0M | 132.0M | 119.0M | 169.0M | 257.0M | 244.0M | 182.0M | 120.0M | 121.0M | 90.6M | 54.7M | 35.6M |
| Prepayments | 52,800 | 165.0M | 10.1M | 8.5M | 4.8M | 12.7M | 2.6M | 12.1M | -- | -- | -- | -- | -- | -- |
| Inventory | 6.0M | -- | -- | 3.8M | 1.7M | 627.0M | 442.0M | 427.0M | 245.0M | 223.0M | 204.0M | 146.0M | 79.7M | 33.3M |
| Total Current Assets | 672.0M | 905.0M | 867.0M | 1.0B | 1.2B | 1.3B | 1.2B | 966.0M | 771.0M | 501.0M | 415.0M | 341.0M | 236.0M | 90.2M |
| Fixed Assets | -- | 6.1M | 14.9M | 18.9M | 31.2M | 32.8M | 11.2M | 12.8M | 12.8M | 10.1M | 10.3M | 10.3M | 10.9M | 10.2M |
| Fixed Assets Total | 147.0M | 6.1M | 14.9M | 18.9M | 31.2M | 32.8M | 11.2M | 12.8M | 12.8M | 10.1M | 10.3M | 10.3M | 10.9M | 10.2M |
| Intangible Assets | 31.5M | 36.4M | 41.4M | 46.4M | 363,600 | 464,100 | 502,600 | 586,600 | 648,300 | 614,100 | 630,500 | 465,900 | 83,800 | 45,900 |
| Long Term Deferred Expenses | 946,100 | 1.5M | 1.7M | 1.1M | 434,800 | 561,300 | 781,500 | 906,100 | 921,500 | 1.1M | 1.2M | 1.4M | 1.4M | -- |
| Total Non Current Assets | 248.0M | 95.5M | 179.0M | 179.0M | 118.0M | 123.0M | 28.6M | 17.6M | 16.5M | 13.1M | 13.8M | 13.3M | 13.0M | 10.8M |
| Total Assets | 920.0M | 1.0B | 1.0B | 1.2B | 1.3B | 1.4B | 1.2B | 984.0M | 788.0M | 514.0M | 429.0M | 354.0M | 249.0M | 101.0M |
| Short Term Borrowings | 19.1M | 27.0M | 10.0M | -- | 45.0M | -- | 120.0M | 70.0M | -- | -- | -- | -- | 2.3M | -- |
| Accounts Payable | 282.0M | 121.0M | 132.0M | 182.0M | 191.0M | 226.0M | 164.0M | 169.0M | 124.0M | 136.0M | 145.0M | 120.0M | 68.8M | 34.2M |
| Advance Receipts | 305,500 | 252,100 | 781,900 | -- | -- | 106.0M | 15.3M | -- | -- | 987,000 | -- | -- | -- | -- |
| Contract Liabilities | 253,500 | 156.0M | 65.8M | 90.6M | 78.5M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 385.0M | 390.0M | 399.0M | 560.0M | 686.0M | 781.0M | 645.0M | 454.0M | 299.0M | 247.0M | 209.0M | 177.0M | 119.0M | 45.8M |
| Long Term Borrowings | 4.2M | 5.4M | 6.5M | 7.7M | 8.9M | 11.3M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 5.3M | 7.7M | 8.7M | 10.4M | 8.9M | 11.3M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Liabilities | 390.0M | 398.0M | 407.0M | 570.0M | 695.0M | 793.0M | 645.0M | 454.0M | 299.0M | 247.0M | 209.0M | 177.0M | 119.0M | 45.8M |
| Paid In Capital | 293.0M | 293.0M | 293.0M | 293.0M | 293.0M | 293.0M | 168.0M | 168.0M | 93.1M | 69.8M | 69.8M | 69.8M | 67.8M | 30.0M |
| Capital Reserve | 8.2M | 8.2M | 8.2M | 8.2M | 8.2M | 8.2M | 134.0M | 134.0M | 208.0M | 61.7M | 61.7M | 61.7M | 51.8M | 1.0M |
| Surplus Reserve | 38.7M | 38.7M | 38.7M | 37.0M | 36.1M | 35.3M | 30.0M | 24.4M | 19.2M | 14.0M | 9.3M | 5.0M | 1.1M | 2.4M |
| Retained Earnings | 184.0M | 261.0M | 291.0M | 269.0M | 271.0M | 276.0M | 239.0M | 204.0M | 168.0M | 122.0M | 79.0M | 40.6M | 9.7M | 21.8M |
| Minority Equity | 5.6M | 1.6M | 7.7M | 7.6M | -24,500 | -23,400 | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 524.0M | 601.0M | 631.0M | 608.0M | 609.0M | 612.0M | 570.0M | 530.0M | 488.0M | 267.0M | 220.0M | 177.0M | 130.0M | 55.2M |
| Total Equity | 530.0M | 603.0M | 639.0M | 615.0M | 609.0M | 612.0M | 570.0M | 530.0M | 488.0M | 267.0M | 220.0M | 177.0M | 130.0M | 55.2M |
| 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 | 140.0M | 132.0M | 152.0M | 312.0M | 350.0M | 640.0M | 493.0M | 285.0M | 283.0M | 324.0M | 215.0M | 177.0M | 147.0M | 131.0M |
| Tax Refunds Received | -- | -- | 607,600 | -- | -- | 800.00 | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 187.0M | 214.0M | 199.0M | 459.0M | 486.0M | 743.0M | 580.0M | 379.0M | 367.0M | 343.0M | 244.0M | 195.0M | 166.0M | 143.0M |
| Cash Paid For Goods | 96.5M | 165.0M | 241.0M | 387.0M | 423.0M | 334.0M | 229.0M | 359.0M | 211.0M | 202.0M | 168.0M | 133.0M | 94.4M | 118.0M |
| Cash Paid To Employees | 16.8M | 12.5M | 15.1M | 20.1M | 31.3M | 42.8M | 56.1M | 45.6M | 31.1M | 28.1M | 24.2M | 15.0M | 10.1M | 6.4M |
| Taxes Paid | 8.2M | 21.2M | 15.4M | 4.6M | 9.9M | 21.0M | 19.7M | 17.6M | 16.2M | 12.2M | 15.2M | 12.3M | 10.3M | 5.7M |
| Total Operating Cash Outflow | 231.0M | 225.0M | 329.0M | 506.0M | 596.0M | 552.0M | 438.0M | 509.0M | 357.0M | 338.0M | 254.0M | 195.0M | 131.0M | 141.0M |
| Operating Cash Flow | -43.1M | -11.0M | -130.0M | -46.8M | -110.0M | 191.0M | 142.0M | -130.0M | 9.7M | 5.2M | -10.7M | 333,100 | 34.4M | 1.6M |
| Total Investing Cash Inflow | 19.8M | 39.7M | 56.0M | 317.0M | 5.0M | 495,100 | 15,400 | 66,300 | -- | -- | -- | -- | -- | 35,000 |
| Total Investing Cash Outflow | 12.3M | 3.6M | 61.5M | 344.0M | 453,600 | 97.5M | 3.3M | 14.4M | 1.1M | 1.8M | 2.0M | 4.3M | 2.8M | 309,300 |
| Investing Cash Flow | 7.5M | 36.1M | -5.6M | -27.5M | 4.6M | -97.0M | -3.3M | -14.3M | -1.1M | -1.8M | -2.0M | -4.3M | -2.8M | -274,300 |
| Cash From Borrowings | 3.1M | 27.0M | 10.0M | -- | 45.0M | 96.9M | 120.0M | 70.0M | -- | -- | -- | -- | 10.0M | 25.0M |
| Dividends And Interest Paid | 1.5M | 3.7M | 736,900 | 1.6M | 11.2M | 12.3M | 15.8M | 10.2M | -- | -- | 1.0M | 4.7M | 305,500 | 763,300 |
| Debt Repayments | 12.2M | 11.2M | 1.2M | 46.2M | 1.2M | 206.0M | 70.0M | -- | -- | -- | -- | 2.3M | 7.7M | 30.0M |
| Total Financing Cash Inflow | 26.0M | 60.7M | 18.2M | 35.0M | 49.9M | 101.0M | 136.0M | 116.0M | 186.0M | -- | -- | 12.0M | 56.0M | 35.0M |
| Total Financing Cash Outflow | 19.7M | 78.3M | 5.1M | 48.8M | 17.0M | 234.0M | 132.0M | 15.3M | 10.1M | 500,000 | 2.1M | 8.3M | 8.3M | 30.8M |
| Financing Cash Flow | 6.3M | -17.6M | 13.1M | -13.8M | 32.9M | -132.0M | 3.4M | 101.0M | 176.0M | -500,000 | -2.1M | 3.7M | 47.7M | 4.2M |
| Net Change In Cash | -29.3M | 7.5M | -122.0M | -88.1M | -72.1M | -37.9M | 142.0M | -43.4M | 184.0M | 3.0M | -14.7M | -259,800 | 79.3M | 5.6M |
| Ending Cash Balance | 27.1M | 56.4M | 48.9M | 171.0M | 259.0M | 331.0M | 369.0M | 227.0M | 271.0M | 86.4M | 83.5M | 98.2M | 98.4M | 19.2M |
| Capex | 10.3M | 3.6M | 6.5M | 26.8M | 453,600 | 13.0M | 3.3M | 14.4M | 1.1M | 1.8M | 2.0M | 4.3M | 2.0M | 309,300 |