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 | 588.0M | 1.4B | 1.3B | 1.4B | 1.0B | 916.0M | 723.0M | 513.0M | 416.0M | 346.0M | 336.0M | 275.0M | 169.0M | 109.0M |
| Revenue Growth % | -58.9% | 10.8% | -7.1% | 38.3% | 9.6% | 26.7% | 40.9% | 23.3% | 20.2% | 3.0% | 22.2% | 62.7% | 55.0% | -- |
| Total Revenue | 588.0M | 1.4B | 1.3B | 1.4B | 1.0B | 916.0M | 723.0M | 513.0M | 416.0M | 346.0M | 336.0M | 275.0M | 169.0M | 109.0M |
| Cost Of Revenue | 680.0M | 1.0B | 917.0M | 943.0M | 653.0M | 607.0M | 461.0M | 303.0M | 239.0M | 195.0M | 191.0M | 152.0M | 81.4M | 54.8M |
| Gross Profit | -92.0M | 428.0M | 374.0M | 446.0M | 351.0M | 309.0M | 262.0M | 210.0M | 177.0M | 151.0M | 145.0M | 123.0M | 87.6M | 54.2M |
| Gross Margin % | -15.6% | 29.9% | 29.0% | 32.1% | 35.0% | 33.7% | 36.2% | 40.9% | 42.5% | 43.6% | 43.2% | 44.7% | 51.8% | 49.7% |
| Total Operating Cost | 1.0B | 1.4B | 1.2B | 1.3B | 961.0M | 889.0M | 718.0M | 510.0M | 391.0M | 314.0M | 307.0M | 242.0M | 145.0M | 87.3M |
| Selling Expenses | 76.1M | 85.9M | 113.0M | 120.0M | 104.0M | 103.0M | 103.0M | 85.5M | 63.7M | 52.6M | 52.6M | 38.6M | 22.6M | 8.8M |
| Admin Expenses | 114.0M | 96.9M | 88.4M | 122.0M | 108.0M | 95.4M | 100.0M | 74.9M | 73.0M | 59.1M | 57.2M | 47.5M | 34.4M | 17.5M |
| Rd Expenses | 46.1M | 89.0M | 79.1M | 70.0M | 51.4M | 43.1M | 30.8M | 25.2M | -- | -- | -- | -- | -- | -- |
| Finance Expenses | 15.4M | 12.9M | 7.0M | 5.6M | 9.7M | -128,800 | 70,700 | 139,000 | 897,100 | -741,400 | -1.3M | 51,100 | -625,900 | -105,700 |
| Operating Income | -422.0M | 19.0M | 51.7M | 78.5M | 71.4M | 31.6M | 52.5M | 13.7M | 26.5M | 32.4M | 28.9M | 33.1M | 24.1M | 21.8M |
| Operating Margin % | -71.8% | 1.3% | 4.0% | 5.7% | 7.1% | 3.4% | 7.3% | 2.7% | 6.4% | 9.4% | 8.6% | 12.0% | 14.2% | 20.0% |
| Non Operating Income | 1.4M | 2.5M | 538,200 | 563,100 | 588,500 | 229,600 | 113,300 | 25,700 | 5.8M | 5.5M | 5.8M | 4.4M | 1.4M | 427,000 |
| Non Operating Expenses | 1.9M | 1.4M | 1.7M | 1.2M | 1.1M | 261,500 | 272,300 | 167,700 | 257,700 | 128,100 | 182,300 | 1.8M | 43,100 | 2,200 |
| Investment Income | -6.1M | -7.4M | -8.1M | 4.3M | 16.6M | -1.4M | 34.4M | 4.8M | 784,600 | -- | -- | -- | 21,900 | -- |
| Asset Disposal Income | 2.0M | 104,700 | 897,500 | -309,100 | -85,500 | -12,300 | 87,700 | -77,900 | 27,900 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 10.7M | 40.9M | -266,300 | 31.3M | 27.4M | -20,500 | 20.0M | 19.7M | 12.2M | 7.2M | 5.2M | 1.7M | 534,800 | 254,600 |
| Other Income | 3.4M | 2.3M | 11.4M | 9.9M | 11.7M | 6.1M | 13.1M | 5.9M | -- | -- | -- | -- | -- | -- |
| Income Before Tax | -423.0M | 20.1M | 50.5M | 77.9M | 70.9M | 31.6M | 52.3M | 13.6M | 32.0M | 37.7M | 34.6M | 35.7M | 25.4M | 22.2M |
| Income Tax | -54.3M | -1.8M | 6.1M | 6.9M | 10.7M | 2.6M | 4.1M | -233,200 | 4.6M | 5.3M | 4.9M | 4.9M | 2.5M | 3.1M |
| Net Income | -368.0M | 21.9M | 44.4M | 71.0M | 60.2M | 28.9M | 48.2M | 13.8M | 27.4M | 32.4M | 29.7M | 30.9M | 22.8M | 19.1M |
| Net Margin % | -62.6% | 1.5% | 3.4% | 5.1% | 6.0% | 3.2% | 6.7% | 2.7% | 6.6% | 9.4% | 8.8% | 11.2% | 13.5% | 17.6% |
| Net Income Attributable | -364.0M | 23.0M | 46.4M | 71.8M | 60.6M | 27.8M | 54.2M | 23.6M | 27.1M | 31.3M | 30.0M | 30.7M | 24.0M | 19.9M |
| Minority Interest | -4.6M | -1.1M | -2.0M | -794,500 | -429,400 | 1.1M | -5.9M | -9.7M | 376,400 | 1.1M | -273,800 | 134,600 | -1.1M | -717,400 |
| Eps Basic | -3.00 | 0.19 | 0.39 | 0.62 | 0.53 | 0.25 | 0.49 | 0.21 | 0.32 | 0.38 | 0.36 | 0.41 | 0.32 | -- |
| Eps Diluted | -3.00 | 0.19 | 0.39 | 0.60 | 0.51 | 0.24 | 0.48 | 0.21 | 0.32 | 0.38 | 0.36 | 0.41 | 0.32 | -- |
| 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 | 536.0M | 650.0M | 585.0M | 390.0M | 372.0M | 307.0M | 283.0M | 121.0M | 222.0M | 126.0M | 107.0M | 132.0M | 56.6M | 43.2M |
| Accounts Receivable | 398.0M | 656.0M | 554.0M | 501.0M | 360.0M | 504.0M | 323.0M | 234.0M | 213.0M | 145.0M | 111.0M | 85.8M | 45.1M | 26.1M |
| Notes Receivable | 25.3M | 19.3M | 13.2M | 14.6M | 2.2M | -- | 8.3M | 400,000 | 1.6M | 150,000 | -- | -- | 289,000 | 140,000 |
| Notes And Accounts Receivable | 424.0M | 675.0M | 567.0M | 516.0M | 362.0M | 504.0M | 332.0M | 234.0M | 215.0M | 146.0M | 111.0M | 85.8M | 45.4M | 26.2M |
| Prepayments | 24.0M | 24.5M | 34.7M | 69.6M | 33.3M | 26.2M | 20.0M | 12.3M | 11.4M | 6.5M | 7.3M | 2.2M | 1.4M | 705,900 |
| Inventory | 67.0M | 37.1M | 46.8M | 49.2M | 37.1M | 24.5M | 19.1M | 7.6M | 10.2M | 8.4M | 9.0M | 8.2M | 6.5M | 3.4M |
| Total Current Assets | 1.4B | 1.7B | 1.6B | 1.3B | 972.0M | 915.0M | 704.0M | 427.0M | 517.0M | 301.0M | 247.0M | 234.0M | 117.0M | 81.0M |
| Long Term Equity Investment | 118.0M | 130.0M | 127.0M | 123.0M | 63.8M | 32.9M | 32.9M | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 27.6M | 34.1M | 37.5M | 35.8M | 31.6M | 29.4M | 36.8M | 24.9M | 22.3M | 19.8M | 15.2M | 11.2M | 6.7M |
| Fixed Assets Total | 18.0M | 27.6M | 34.1M | 37.5M | 35.8M | 31.6M | 29.4M | 36.8M | 24.9M | 22.3M | 19.8M | 15.2M | 11.2M | 6.7M |
| Construction In Progress | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 387,000 | -- |
| Construction In Progress Total | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 387,000 | -- |
| Intangible Assets | 48.2M | 52.2M | 5.2M | 3.6M | 4.8M | 6.4M | 4.0M | 4.2M | 5.9M | 5.5M | 5.1M | 4.7M | 3.5M | 3.6M |
| Long Term Deferred Expenses | 3.5M | 6.2M | 11.1M | 12.8M | 11.3M | 11.4M | 12.9M | 16.4M | 15.0M | 17.9M | 11.2M | 5.3M | 3.7M | 2.0M |
| Total Non Current Assets | 402.0M | 464.0M | 393.0M | 409.0M | 256.0M | 111.0M | 92.3M | 158.0M | 75.7M | 69.9M | 58.2M | 45.9M | 37.3M | 29.0M |
| Total Assets | 1.8B | 2.2B | 2.0B | 1.7B | 1.2B | 1.0B | 797.0M | 585.0M | 593.0M | 371.0M | 306.0M | 280.0M | 154.0M | 110.0M |
| Short Term Borrowings | 159.0M | 127.0M | 85.0M | 44.9M | 99.9M | 80.0M | 50.0M | 2.8M | 34.2M | 39.0M | 10.1M | 9.0M | -- | -- |
| Accounts Payable | 398.0M | 459.0M | 360.0M | 307.0M | 196.0M | 160.0M | 88.9M | 47.9M | 39.6M | 20.0M | 9.7M | 11.9M | 3.9M | 5.0M |
| Advance Receipts | -- | -- | -- | -- | -- | 77.1M | 40.7M | 30.2M | 21.5M | 14.2M | 19.3M | 22.0M | 8.5M | 6.7M |
| Contract Liabilities | 96.7M | 49.8M | 66.8M | 113.0M | 70.7M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 931.0M | 984.0M | 808.0M | 834.0M | 606.0M | 509.0M | 323.0M | 150.0M | 148.0M | 106.0M | 73.7M | 69.2M | 32.8M | 37.2M |
| Total Non Current Liabilities | 288.0M | 261.0M | 273.0M | 62.9M | 9.9M | 2.1M | 3.1M | 8.1M | 6.8M | 2.8M | 2.9M | 3.6M | 680,000 | -- |
| Total Liabilities | 1.2B | 1.2B | 1.1B | 897.0M | 616.0M | 511.0M | 326.0M | 158.0M | 155.0M | 109.0M | 76.6M | 72.8M | 33.5M | 37.2M |
| Paid In Capital | 122.0M | 121.0M | 119.0M | 119.0M | 118.0M | 115.0M | 115.0M | 111.0M | 111.0M | 83.3M | 83.3M | 83.3M | 75.0M | 5.6M |
| Capital Reserve | 459.0M | 451.0M | 408.0M | 393.0M | 298.0M | 250.0M | 239.0M | 186.0M | 185.0M | 84.6M | 84.8M | 84.8M | 37.2M | 32.4M |
| Surplus Reserve | 28.6M | 28.6M | 28.3M | 25.8M | 23.4M | 20.1M | 18.1M | 15.1M | 12.5M | 10.3M | 7.3M | 4.3M | 1.1M | 3.3M |
| Retained Earnings | -47.8M | 320.0M | 303.0M | 269.0M | 209.0M | 158.0M | 143.0M | 97.6M | 103.0M | 78.5M | 50.2M | 31.5M | 4.0M | 27.1M |
| Minority Equity | -4.9M | -367,200 | 814,500 | -1.5M | 1.4M | 2.5M | 960,000 | 16.7M | 25.3M | 5.2M | 3.2M | 3.5M | 3.4M | 4.5M |
| Equity Attributable | 588.0M | 948.0M | 874.0M | 790.0M | 611.0M | 513.0M | 470.0M | 409.0M | 412.0M | 257.0M | 226.0M | 204.0M | 117.0M | 68.4M |
| Total Equity | 583.0M | 947.0M | 875.0M | 788.0M | 612.0M | 515.0M | 471.0M | 426.0M | 438.0M | 262.0M | 229.0M | 208.0M | 121.0M | 72.8M |
| 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 | 960.0M | 1.2B | 1.2B | 1.3B | 1.0B | 826.0M | 663.0M | 512.0M | 373.0M | 318.0M | 322.0M | 268.0M | 155.0M | 99.8M |
| Tax Refunds Received | -- | 211,100 | -- | -- | -- | -- | 445,000 | 481,400 | 627,500 | 2.4M | 1.9M | 789,900 | 183,300 | 426,800 |
| Total Operating Cash Inflow | 970.0M | 1.2B | 1.2B | 1.3B | 1.0B | 850.0M | 688.0M | 538.0M | 384.0M | 325.0M | 329.0M | 273.0M | 158.0M | 102.0M |
| Cash Paid For Goods | 544.0M | 659.0M | 625.0M | 556.0M | 463.0M | 386.0M | 297.0M | 188.0M | 128.0M | 92.1M | 102.0M | 66.9M | 37.2M | 22.0M |
| Cash Paid To Employees | 449.0M | 474.0M | 491.0M | 453.0M | 349.0M | 317.0M | 274.0M | 223.0M | 181.0M | 173.0M | 170.0M | 137.0M | 78.1M | 43.0M |
| Taxes Paid | 53.4M | 50.0M | 60.8M | 81.8M | 52.9M | 37.6M | 38.9M | 24.8M | 23.5M | 20.6M | 22.5M | 17.3M | 16.8M | 11.5M |
| Total Operating Cash Outflow | 1.1B | 1.2B | 1.2B | 1.2B | 934.0M | 806.0M | 673.0M | 505.0M | 392.0M | 313.0M | 323.0M | 245.0M | 153.0M | 87.6M |
| Operating Cash Flow | -142.0M | 15.6M | -14.4M | 123.0M | 103.0M | 44.3M | 14.6M | 32.8M | -8.3M | 12.1M | 6.1M | 28.3M | 4.7M | 13.9M |
| Total Investing Cash Inflow | 1.1B | 706.0M | 986.0M | 687.0M | 1.3B | 260.0M | 371.0M | 211.0M | 905,000 | 326,100 | 117,200 | -- | 5.0M | -- |
| Total Investing Cash Outflow | 1.0B | 708.0M | 1.0B | 711.0M | 1.3B | 285.0M | 342.0M | 285.0M | 43.7M | 24.2M | 22.5M | 12.9M | 20.7M | 15.5M |
| Investing Cash Flow | 11.4M | -2.5M | -13.3M | -24.8M | -70.5M | -25.3M | 29.0M | -73.5M | -42.8M | -23.8M | -22.4M | -12.9M | -15.7M | -15.5M |
| Cash From Borrowings | 158.0M | 130.0M | 85.0M | 44.9M | 99.9M | 80.0M | 72.0M | 3.1M | 64.3M | 63.2M | 10.6M | 9.0M | 1.2M | 840,000 |
| Dividends And Interest Paid | 9.9M | 10.8M | 10.8M | 12.5M | 13.7M | 15.7M | 7.2M | 28.1M | 3.8M | 1.4M | 8.6M | 5.1M | 10.0M | 2,000 |
| Debt Repayments | 127.0M | 88.0M | 44.9M | 99.9M | 80.0M | 50.0M | 20.5M | 34.5M | 69.0M | 34.2M | 9.5M | -- | 1.2M | 840,000 |
| Total Financing Cash Inflow | 173.0M | 172.0M | 327.0M | 73.5M | 124.0M | 85.1M | 147.0M | 3.1M | 259.0M | 66.6M | 10.6M | 67.9M | 41.2M | 35.1M |
| Total Financing Cash Outflow | 160.0M | 129.0M | 91.9M | 171.0M | 101.0M | 74.1M | 35.2M | 64.4M | 113.0M | 36.6M | 21.9M | 10.3M | 16.8M | 1.2M |
| Financing Cash Flow | 12.8M | 42.6M | 235.0M | -97.4M | 22.6M | 11.0M | 111.0M | -61.3M | 146.0M | 30.0M | -11.4M | 57.6M | 24.4M | 33.9M |
| Net Change In Cash | -118.0M | 55.9M | 208.0M | 1.0M | 55.1M | 29.9M | 155.0M | -102.0M | 95.2M | 18.2M | -27.7M | 73.1M | 13.4M | 32.3M |
| Ending Cash Balance | 500.0M | 618.0M | 562.0M | 354.0M | 353.0M | 298.0M | 268.0M | 113.0M | 215.0M | 120.0M | 102.0M | 130.0M | 56.6M | 43.2M |
| Capex | 3.9M | 58.4M | 18.8M | 22.3M | 20.0M | 16.0M | 36.3M | 30.2M | 17.0M | 24.2M | 22.5M | 12.0M | 11.0M | 6.0M |