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 | 3.3B | 4.2B | 4.2B | 4.1B | 3.4B | 2.5B | 1.4B | 738.0M | 961.0M | 1.0B | 956.0M | 578.0M | 460.0M | 437.0M |
| Revenue Growth % | -22.7% | 1.2% | 0.9% | 21.0% | 39.0% | 76.8% | 88.9% | -23.2% | -5.1% | 6.0% | 65.4% | 25.7% | 5.3% | -- |
| Total Revenue | 3.3B | 4.2B | 4.2B | 4.1B | 3.4B | 2.5B | 1.4B | 738.0M | 961.0M | 1.0B | 956.0M | 578.0M | 460.0M | 437.0M |
| Cost Of Revenue | 2.8B | 3.4B | 3.4B | 3.1B | 2.4B | 1.8B | 1.1B | 551.0M | 614.0M | 637.0M | 692.0M | 434.0M | 373.0M | 350.0M |
| Gross Profit | 468.0M | 845.0M | 788.0M | 1.0B | 984.0M | 691.0M | 327.0M | 187.0M | 347.0M | 376.0M | 264.0M | 144.0M | 87.0M | 87.0M |
| Gross Margin % | 14.3% | 20.0% | 18.8% | 24.3% | 28.7% | 28.0% | 23.5% | 25.3% | 36.1% | 37.1% | 27.6% | 24.9% | 18.9% | 19.9% |
| Total Operating Cost | 3.5B | 4.0B | 4.0B | 3.6B | 2.9B | 2.1B | 1.3B | 652.0M | 751.0M | 799.0M | 867.0M | 528.0M | 432.0M | 409.0M |
| Selling Expenses | 16.4M | 21.8M | 13.5M | 13.9M | 15.2M | 124.0M | 84.8M | 52.1M | 66.6M | 91.4M | 84.2M | 40.0M | 26.5M | 36.6M |
| Admin Expenses | 176.0M | 186.0M | 146.0M | 143.0M | 135.0M | 94.8M | 52.9M | 40.6M | 59.5M | 52.0M | 56.6M | 33.6M | 20.9M | 14.0M |
| Rd Expenses | 13.3M | 44.8M | 124.0M | 107.0M | 92.1M | 68.4M | 38.4M | 22.5M | -- | -- | -- | -- | -- | -- |
| Finance Expenses | 187.0M | 185.0M | 186.0M | 167.0M | 115.0M | 53.6M | 10.6M | -19.0M | -3.2M | -1.1M | 8.1M | 9.6M | 7.3M | 2.7M |
| Operating Income | -262.0M | 273.0M | 243.0M | 540.0M | 582.0M | 330.0M | 125.0M | 104.0M | 209.0M | 213.0M | 89.1M | 50.2M | 28.7M | 28.2M |
| Operating Margin % | -8.0% | 6.4% | 5.8% | 13.0% | 17.0% | 13.4% | 9.0% | 14.1% | 21.7% | 21.0% | 9.3% | 8.7% | 6.2% | 6.5% |
| Non Operating Income | 4.2M | 4.6M | 18.4M | 76,700 | 166,500 | 14.9M | 9.2M | 8.8M | 1.5M | 248,200 | 3.6M | 164,800 | 16.2M | 2.0M |
| Non Operating Expenses | 12.5M | 20.8M | 7.0M | 6.3M | 17.2M | 7.6M | 4.9M | 270,700 | 1.5M | 27,300 | 896,900 | 190,200 | 3,000 | 4.0M |
| Investment Income | -7.0M | -- | -100,300 | 5.0M | 5.2M | -- | -- | 15.6M | -- | -- | -- | -- | -- | -- |
| Fair Value Change Income | -- | -- | -- | -1.1M | 1.1M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -5.4M | 649,900 | 52,300 | -832,900 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 161.0M | 10.8M | -3.8M | -2.0M | 7.8M | 6.2M | 9.7M | -2.9M | 2.3M | 13.2M | 22.8M | 9.7M | 2.5M | 3.9M |
| Other Income | 10.7M | 12.2M | 12.5M | 8.4M | 10.0M | 460,900 | 1.2M | 1.6M | -- | -- | -- | -- | -- | -- |
| Income Before Tax | -270.0M | 257.0M | 255.0M | 533.0M | 565.0M | 337.0M | 129.0M | 112.0M | 209.0M | 213.0M | 91.8M | 50.2M | 44.8M | 26.2M |
| Income Tax | -9.9M | 9.9M | 20.2M | 76.1M | 101.0M | 53.1M | 13.7M | 14.5M | 34.4M | 35.0M | 15.4M | 8.8M | 7.5M | 4.9M |
| Net Income | -260.0M | 247.0M | 235.0M | 457.0M | 464.0M | 284.0M | 116.0M | 97.6M | 175.0M | 178.0M | 76.3M | 41.3M | 37.4M | 21.2M |
| Net Margin % | -7.9% | 5.8% | 5.6% | 11.0% | 13.5% | 11.5% | 8.3% | 13.2% | 18.2% | 17.6% | 8.0% | 7.2% | 8.1% | 4.9% |
| Net Income Attributable | -262.0M | 251.0M | 229.0M | 455.0M | 428.0M | 269.0M | 102.0M | 95.6M | 171.0M | 173.0M | 73.6M | 39.2M | 38.0M | 21.2M |
| Minority Interest | 1.7M | -4.1M | 5.2M | 2.3M | 36.7M | 14.9M | 13.4M | 2.0M | 3.7M | 5.8M | 2.8M | 2.2M | -597,000 | -- |
| Eps Basic | -0.26 | 0.27 | 0.28 | 0.63 | 0.64 | 0.70 | 0.45 | 0.64 | 1.48 | 2.76 | 1.18 | 0.63 | 0.61 | 0.34 |
| Eps Diluted | -0.26 | 0.27 | 0.28 | 0.60 | 0.63 | 0.68 | 0.45 | 0.64 | 1.48 | 2.76 | 1.18 | 0.63 | -- | -- |
| 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 | 972.0M | 1.3B | 1.2B | 1.5B | 725.0M | 836.0M | 390.0M | 225.0M | 608.0M | 162.0M | 122.0M | 148.0M | 81.3M | 151.0M |
| Trading Financial Assets | -- | -- | -- | -- | 281.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 2.9B | 3.5B | 2.7B | 2.3B | 1.7B | 1.2B | 589.0M | 440.0M | 425.0M | 365.0M | 265.0M | 232.0M | 182.0M | 146.0M |
| Notes Receivable | 175.0M | 248.0M | 222.0M | -- | -- | -- | 58.5M | 26.1M | 42.3M | 13.0M | -- | 3.5M | 19.2M | 6.4M |
| Notes And Accounts Receivable | 3.0B | 3.8B | 2.9B | 2.3B | 1.7B | 1.2B | 648.0M | 466.0M | 468.0M | 378.0M | 265.0M | 235.0M | 201.0M | 152.0M |
| Prepayments | 234.0M | 228.0M | 134.0M | 88.3M | 94.9M | 171.0M | 36.6M | 56.3M | 32.7M | 10.7M | 32.3M | 83.8M | 13.4M | 14.6M |
| Inventory | 1.6B | 1.3B | 876.0M | 1.0B | 593.0M | 828.0M | 754.0M | 396.0M | 301.0M | 481.0M | 449.0M | 459.0M | 358.0M | 270.0M |
| Total Current Assets | 6.3B | 7.0B | 5.5B | 5.4B | 3.7B | 3.2B | 2.0B | 1.7B | 1.8B | 1.2B | 935.0M | 934.0M | 658.0M | 592.0M |
| Fixed Assets | -- | 4.7B | 3.6B | 3.6B | 2.1B | 1.8B | 896.0M | 471.0M | 137.0M | 128.0M | 135.0M | 120.0M | 108.0M | 113.0M |
| Fixed Assets Total | 4.4B | 4.7B | 3.6B | 3.6B | 2.1B | 1.8B | 896.0M | 471.0M | 137.0M | 128.0M | 135.0M | 120.0M | 108.0M | 113.0M |
| Construction In Progress | -- | 389.0M | 1.1B | 331.0M | 1.3B | 332.0M | 40.0M | 92.7M | 8.3M | 16.7M | 5.9M | 15.9M | 367,100 | 54,700 |
| Construction In Progress Total | 368.0M | 389.0M | 1.1B | 331.0M | 1.3B | 332.0M | 40.0M | 92.7M | 8.3M | 16.7M | 5.9M | 15.9M | 367,100 | 54,700 |
| Intangible Assets | 289.0M | 282.0M | 201.0M | 200.0M | 192.0M | 131.0M | 128.0M | 111.0M | 101.0M | 73.1M | 63.7M | 47.8M | 42.2M | 28.3M |
| Long Term Deferred Expenses | 9.4M | 10.8M | 9.4M | 9.9M | 7.9M | 743,900 | 1.0M | 1.1M | 224,200 | -- | 525,100 | 1.3M | 2.1M | 1.5M |
| Total Non Current Assets | 5.6B | 5.8B | 5.7B | 4.6B | 3.9B | 2.6B | 1.3B | 810.0M | 260.0M | 238.0M | 219.0M | 198.0M | 163.0M | 148.0M |
| Total Assets | 12.0B | 12.8B | 11.2B | 9.9B | 7.6B | 5.8B | 3.3B | 2.5B | 2.1B | 1.4B | 1.2B | 1.1B | 821.0M | 739.0M |
| Short Term Borrowings | 740.0M | 875.0M | 1.2B | 1.0B | 850.0M | 640.0M | 602.0M | -- | -- | 40.0M | 65.0M | 124.0M | 122.0M | 40.0M |
| Accounts Payable | 1.1B | 1.0B | 992.0M | 749.0M | 629.0M | 385.0M | 303.0M | 260.0M | 193.0M | 161.0M | 157.0M | 112.0M | 90.7M | 76.7M |
| Advance Receipts | -- | -- | -- | -- | -- | 553.0M | 312.0M | 207.0M | 162.0M | 346.0M | 287.0M | 251.0M | 142.0M | 96.0M |
| Contract Liabilities | 363.0M | 229.0M | 314.0M | 299.0M | 462.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 4.4B | 4.0B | 3.7B | 3.7B | 3.2B | 2.8B | 1.4B | 763.0M | 466.0M | 765.0M | 674.0M | 729.0M | 459.0M | 425.0M |
| Long Term Borrowings | 1.0B | 1.5B | 1.6B | 734.0M | 513.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 2.2B | 3.2B | 3.4B | 2.4B | 2.0B | 927.0M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Liabilities | 6.6B | 7.1B | 7.1B | 6.1B | 5.1B | 3.7B | 1.4B | 763.0M | 466.0M | 765.0M | 674.0M | 729.0M | 459.0M | 425.0M |
| Paid In Capital | 1.0B | 1.0B | 809.0M | 797.0M | 396.0M | 228.0M | 150.0M | 150.0M | 83.3M | 62.5M | 62.5M | 62.5M | 62.5M | 62.5M |
| Capital Reserve | 2.6B | 2.6B | 1.3B | 1.3B | 629.0M | 858.0M | 901.0M | 901.0M | 967.0M | 186.0M | 186.0M | 186.0M | 186.0M | 186.0M |
| Surplus Reserve | 196.0M | 190.0M | 161.0M | 138.0M | 108.0M | 78.7M | 56.4M | 53.4M | 44.5M | 30.9M | 19.4M | 13.8M | 10.1M | 6.3M |
| Retained Earnings | 1.4B | 1.7B | 1.6B | 1.5B | 1.2B | 890.0M | 651.0M | 574.0M | 516.0M | 358.0M | 197.0M | 129.0M | 93.4M | 59.2M |
| Minority Equity | 33.7M | 32.1M | 40.3M | 38.4M | 37.5M | 59.0M | 73.4M | 36.0M | 23.6M | 20.0M | 14.1M | 11.4M | 9.2M | -- |
| Equity Attributable | 5.3B | 5.7B | 4.0B | 3.8B | 2.4B | 2.1B | 1.8B | 1.7B | 1.6B | 637.0M | 465.0M | 391.0M | 352.0M | 314.0M |
| Total Equity | 5.3B | 5.7B | 4.0B | 3.9B | 2.5B | 2.1B | 1.8B | 1.7B | 1.6B | 657.0M | 479.0M | 403.0M | 361.0M | 314.0M |
| 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 | 2.4B | 2.1B | 3.1B | 2.7B | 2.6B | 1.8B | 1.0B | 718.0M | 703.0M | 948.0M | 865.0M | 727.0M | 459.0M | 636.0M |
| Tax Refunds Received | 17.6M | 52.7M | 63.5M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 2.5B | 2.3B | 3.2B | 2.7B | 2.6B | 1.9B | 1.1B | 778.0M | 722.0M | 955.0M | 878.0M | 732.0M | 482.0M | 648.0M |
| Cash Paid For Goods | 1.6B | 2.4B | 2.9B | 2.7B | 1.9B | 1.8B | 1.2B | 481.0M | 526.0M | 610.0M | 615.0M | 565.0M | 491.0M | 552.0M |
| Cash Paid To Employees | 131.0M | 122.0M | 117.0M | 111.0M | 77.1M | 66.3M | 59.1M | 48.3M | 42.7M | 41.0M | 36.0M | 21.9M | 13.3M | 17.3M |
| Taxes Paid | 121.0M | 226.0M | 168.0M | 249.0M | 178.0M | 76.8M | 32.9M | 53.6M | 141.0M | 104.0M | 40.7M | 20.8M | 28.9M | 65.1M |
| Total Operating Cash Outflow | 2.0B | 2.8B | 3.4B | 3.1B | 2.3B | 2.0B | 1.3B | 648.0M | 744.0M | 774.0M | 715.0M | 631.0M | 553.0M | 649.0M |
| Operating Cash Flow | 463.0M | -531.0M | -111.0M | -419.0M | 377.0M | -166.0M | -293.0M | 131.0M | -21.5M | 181.0M | 162.0M | 100.0M | -71.7M | -312,500 |
| Total Investing Cash Inflow | 178,900 | 5.8M | 76.3M | 295.0M | 431.0M | 188.0M | 877.0M | 740.0M | 644.0M | 473.0M | 417,700 | 19,600 | -- | 1.3M |
| Total Investing Cash Outflow | 243.0M | 384.0M | 895.0M | 569.0M | 1.5B | 322.0M | 989.0M | 1.2B | 941.0M | 587.0M | 103.0M | 33.2M | 41.7M | 41.1M |
| Investing Cash Flow | -243.0M | -378.0M | -819.0M | -274.0M | -1.1B | -134.0M | -112.0M | -490.0M | -297.0M | -114.0M | -103.0M | -33.2M | -41.7M | -39.8M |
| Cash From Borrowings | 1.2B | 1.4B | 2.2B | 1.1B | 1.8B | 630.0M | 879.0M | -- | 40.0M | 40.0M | 219.0M | 275.0M | 211.0M | 40.0M |
| Dividends And Interest Paid | 180.0M | 177.0M | 212.0M | 172.0M | 171.0M | 69.1M | 42.0M | 28.0M | 1.9M | 2.4M | 7.6M | 8.7M | 6.9M | 62.4M |
| Debt Repayments | 1.1B | 1.6B | 554.0M | 1.2B | 680.0M | 634.0M | 430.0M | -- | 80.0M | 65.0M | 278.0M | 273.0M | 129.0M | -- |
| Total Financing Cash Inflow | 1.5B | 3.5B | 3.1B | 4.1B | 2.4B | 1.4B | 1.2B | 57.1M | 965.0M | 141.0M | 402.0M | 414.0M | 280.0M | 207.0M |
| Total Financing Cash Outflow | 1.9B | 2.5B | 1.8B | 3.1B | 1.8B | 1.0B | 579.0M | 141.0M | 135.0M | 186.0M | 443.0M | 508.0M | 196.0M | 123.0M |
| Financing Cash Flow | -371.0M | 946.0M | 1.4B | 950.0M | 584.0M | 383.0M | 576.0M | -83.6M | 830.0M | -44.5M | -41.6M | -94.4M | 83.8M | 83.5M |
| Net Change In Cash | -150.0M | 36.6M | 450.0M | 257.0M | -139.0M | 83.3M | 171.0M | -443.0M | 511.0M | 22.5M | 18.1M | -27.1M | -29.6M | 43.4M |
| Ending Cash Balance | 822.0M | 971.0M | 935.0M | 485.0M | 228.0M | 366.0M | 283.0M | 112.0M | 555.0M | 43.7M | 21.2M | 3.1M | 30.2M | 59.7M |
| Capex | 243.0M | 384.0M | 822.0M | 557.0M | 803.0M | 213.0M | 479.0M | 432.0M | 31.2M | 30.8M | 41.2M | 33.2M | 41.7M | 28.9M |