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 | 278.0M | 196.0M | 274.0M | 220.0M | 344.0M | 486.0M | 489.0M | 415.0M | 368.0M | 302.0M | 268.0M | 205.0M | 155.0M | 137.0M |
| Revenue Growth % | 41.8% | -28.5% | 24.5% | -36.0% | -29.2% | -0.6% | 17.8% | 12.8% | 21.9% | 12.7% | 30.7% | 32.3% | 13.1% | -- |
| Total Revenue | 278.0M | 196.0M | 274.0M | 220.0M | 344.0M | 486.0M | 489.0M | 415.0M | 368.0M | 302.0M | 268.0M | 205.0M | 155.0M | 137.0M |
| Cost Of Revenue | 197.0M | 129.0M | 177.0M | 166.0M | 204.0M | 270.0M | 248.0M | 198.0M | 168.0M | 154.0M | 142.0M | 115.0M | 83.1M | 77.2M |
| Gross Profit | 81.0M | 67.0M | 97.0M | 54.0M | 140.0M | 216.0M | 241.0M | 217.0M | 200.0M | 148.0M | 126.0M | 90.0M | 71.9M | 59.8M |
| Gross Margin % | 29.1% | 34.2% | 35.4% | 24.5% | 40.7% | 44.4% | 49.3% | 52.3% | 54.3% | 49.0% | 47.0% | 43.9% | 46.4% | 43.7% |
| Total Operating Cost | 319.0M | 253.0M | 285.0M | 500.0M | 318.0M | 415.0M | 392.0M | 299.0M | 256.0M | 208.0M | 192.0M | 157.0M | 116.0M | 103.0M |
| Selling Expenses | 10.9M | 11.0M | 12.2M | 14.5M | 15.5M | 21.7M | 25.4M | 23.2M | 18.6M | 15.5M | 14.7M | 12.0M | 7.7M | 6.0M |
| Admin Expenses | 59.3M | 60.0M | 56.6M | 59.9M | 44.6M | 74.7M | 75.9M | 45.0M | 63.4M | 38.8M | 33.0M | 27.6M | 24.1M | 16.4M |
| Rd Expenses | 23.1M | 16.4M | 21.9M | 15.0M | 16.4M | 24.3M | 35.3M | 28.5M | -- | -- | -- | -- | -- | -- |
| Finance Expenses | -1.0M | 2.2M | 6.6M | 7.8M | 18.7M | 5.4M | -5.4M | -4.3M | -2.7M | -2.9M | -1.3M | -628,300 | -294,000 | 707,300 |
| Operating Income | -37.4M | -30.6M | -2.1M | -277.0M | 38.0M | 104.0M | 126.0M | 127.0M | 112.0M | 93.5M | 76.0M | 48.0M | 39.3M | 33.5M |
| Operating Margin % | -13.4% | -15.6% | -0.8% | -125.9% | 11.1% | 21.4% | 25.8% | 30.6% | 30.4% | 31.0% | 28.4% | 23.4% | 25.4% | 24.4% |
| Non Operating Income | 33,900 | 437,600 | 3,600 | 1,900 | 2.9M | 12,000 | 358,100 | 81,500 | 7.5M | 32.6M | 2.9M | 1.9M | 11.8M | 747,300 |
| Non Operating Expenses | 9.9M | 1,300 | 435,000 | 229,200 | 102,100 | 293,300 | 97,700 | 647,600 | 95,900 | 28,100 | 16,900 | 56,500 | 1,700 | 40,600 |
| Investment Income | 286,000 | 32,200 | -522,200 | 1.1M | 949,200 | 4.7M | 1.2M | -- | -- | -- | -- | -- | -- | -1.3M |
| Fair Value Change Income | -- | -- | -45,500 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -5,300 | 22.3M | 4.8M | 22,300 | 308,300 | 175,300 | 91,600 | -- | -12,700 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 490,600 | 236,800 | 454,700 | 98.4M | -- | -- | 8.1M | 4.0M | 4.0M | -62,900 | 507,600 | 787,400 | -549,000 | 801,800 |
| Other Income | 3.8M | 4.2M | 4.7M | 1.7M | 10.0M | 27.5M | 28.6M | 10.6M | -- | -- | -- | -- | -- | -- |
| Income Before Tax | -47.2M | -30.2M | -2.6M | -277.0M | 40.8M | 103.0M | 127.0M | 126.0M | 120.0M | 126.0M | 78.9M | 49.8M | 51.1M | 34.2M |
| Income Tax | -7.8M | -4.8M | -834,000 | -42.1M | 12.9M | 17.3M | 18.2M | 18.6M | 17.8M | 19.3M | 11.7M | 7.6M | 8.3M | 3.8M |
| Net Income | -39.4M | -25.4M | -1.7M | -235.0M | 27.9M | 86.2M | 108.0M | 108.0M | 102.0M | 107.0M | 67.2M | 42.1M | 42.8M | 30.4M |
| Net Margin % | -14.2% | -12.9% | -0.6% | -106.8% | 8.1% | 17.7% | 22.1% | 26.0% | 27.7% | 35.4% | 25.1% | 20.5% | 27.6% | 22.2% |
| Net Income Attributable | -38.1M | -23.1M | -465,300 | -268.0M | 27.9M | 86.2M | 108.0M | 108.0M | 102.0M | 107.0M | 67.2M | 42.1M | 42.8M | 31.0M |
| Minority Interest | -1.3M | -2.2M | -1.3M | -1.1M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -588,800 |
| Eps Basic | -0.13 | -0.08 | -0.00 | -0.90 | 0.23 | 0.28 | 0.36 | 0.69 | 1.36 | 1.42 | 0.90 | 0.56 | 0.57 | -- |
| Eps Diluted | -0.13 | -0.08 | -0.00 | -0.91 | 0.23 | 0.28 | 0.36 | 0.69 | 1.36 | 1.42 | 0.90 | 0.56 | 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 | 229.0M | 201.0M | 146.0M | 108.0M | 204.0M | 281.0M | 351.0M | 344.0M | 143.0M | 179.0M | 127.0M | 96.1M | 69.4M | 19.6M |
| Accounts Receivable | 329.0M | 303.0M | 377.0M | 398.0M | 414.0M | 418.0M | 276.0M | 166.0M | 92.2M | 60.6M | 66.1M | 50.4M | 52.5M | 54.7M |
| Notes Receivable | 24.9M | 12.9M | 20.4M | 39.1M | 37.1M | 300.0M | 57.1M | 42.5M | 41.7M | 45.0M | 23.2M | 22.1M | 13.9M | 3.8M |
| Notes And Accounts Receivable | 354.0M | 316.0M | 397.0M | 437.0M | 451.0M | 718.0M | 333.0M | 208.0M | 134.0M | 106.0M | 89.3M | 72.5M | 66.4M | 58.5M |
| Prepayments | 8.1M | 9.2M | 22.2M | 36.7M | 4.1M | 156.0M | 4.0M | 9.6M | 5.2M | 3.1M | 3.0M | 4.5M | 1.3M | 12.6M |
| Inventory | 132.0M | 154.0M | 136.0M | 142.0M | 146.0M | 209.0M | 181.0M | 168.0M | 157.0M | 112.0M | 108.0M | 67.1M | 63.1M | 47.2M |
| Total Current Assets | 812.0M | 766.0M | 788.0M | 801.0M | 1.4B | 1.6B | 876.0M | 736.0M | 444.0M | 401.0M | 329.0M | 242.0M | 201.0M | 139.0M |
| Long Term Equity Investment | 206,500 | 207,100 | 798,100 | 1.3M | 2.1M | 3.4M | 3.8M | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 254.0M | 275.0M | 307.0M | 342.0M | -- | 212.0M | 166.0M | 155.0M | 144.0M | 43.3M | 39.7M | 43.2M | 30.6M |
| Fixed Assets Total | 237.0M | 254.0M | 275.0M | 307.0M | 342.0M | 353.0M | 212.0M | 166.0M | 155.0M | 144.0M | 43.3M | 39.7M | 43.2M | 30.6M |
| Construction In Progress | -- | 565,200 | 2.7M | 28.8M | 8.9M | -- | 98.1M | 37.5M | 5.2M | 3.2M | 47.2M | 22.3M | 190,000 | -- |
| Construction In Progress Total | 30.3M | 565,200 | 2.7M | 28.8M | 8.9M | 13.8M | 98.1M | 37.5M | 5.2M | 3.2M | 47.2M | 22.3M | 190,000 | -- |
| Intangible Assets | 44.9M | 46.7M | 48.1M | 49.7M | 51.4M | 51.3M | 52.9M | 43.2M | 45.0M | 31.1M | 29.0M | 27.0M | 20.1M | 5.9M |
| Long Term Deferred Expenses | 1.1M | 48,500 | 236,000 | 333,300 | 458,000 | 113,200 | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Assets | 417.0M | 393.0M | 422.0M | 472.0M | 433.0M | 448.0M | 420.0M | 325.0M | 265.0M | 180.0M | 122.0M | 89.6M | 64.0M | 37.1M |
| Total Assets | 1.2B | 1.2B | 1.2B | 1.3B | 1.8B | 2.0B | 1.3B | 1.1B | 709.0M | 580.0M | 451.0M | 331.0M | 265.0M | 176.0M |
| Short Term Borrowings | 24.2M | 68.7M | 169.0M | 175.0M | 205.0M | 180.0M | -- | -- | -- | -- | 10.0M | 8.0M | 10.0M | 10.0M |
| Accounts Payable | 57.9M | 51.9M | 72.9M | 70.8M | 74.4M | 145.0M | 116.0M | 83.0M | 90.6M | 85.0M | 64.7M | 38.0M | 34.9M | 24.7M |
| Advance Receipts | -- | -- | -- | -- | -- | 33.1M | 6.2M | 21.7M | 32.5M | 24.9M | 17.6M | 11.2M | 8.0M | 6.0M |
| Contract Liabilities | 14.7M | 11.0M | 8.9M | 4.4M | 3.4M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 213.0M | 215.0M | 346.0M | 408.0M | 689.0M | 914.0M | 194.0M | 173.0M | 189.0M | 163.0M | 142.0M | 90.1M | 65.5M | 61.6M |
| Total Non Current Liabilities | 12.2M | 499,700 | 768,000 | 1.0M | 1.3M | 1.6M | 1.8M | 2.1M | 2.4M | 2.7M | -- | -- | -- | -- |
| Total Liabilities | 225.0M | 216.0M | 346.0M | 409.0M | 690.0M | 916.0M | 195.0M | 175.0M | 192.0M | 165.0M | 142.0M | 90.1M | 65.5M | 61.6M |
| Paid In Capital | 294.0M | 294.0M | 294.0M | 294.0M | 297.0M | 304.0M | 169.0M | 100.0M | 75.0M | 75.0M | 75.0M | 75.0M | 75.0M | 15.0M |
| Capital Reserve | 523.0M | 423.0M | 318.0M | 318.0M | 334.0M | 381.0M | 502.0M | 381.0M | 98.8M | 98.8M | 98.8M | 98.8M | 98.8M | 1.0M |
| Surplus Reserve | 71.7M | 71.7M | 71.7M | 71.7M | 71.7M | 64.8M | 55.8M | 45.0M | 34.3M | 24.1M | 13.4M | 6.8M | 2.5M | 9.8M |
| Retained Earnings | 114.0M | 152.0M | 176.0M | 176.0M | 425.0M | 420.0M | 373.0M | 361.0M | 309.0M | 217.0M | 121.0M | 60.7M | 22.8M | 88.7M |
| Minority Equity | 1.4M | 2.7M | 5.0M | 4.6M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 1.0B | 941.0M | 859.0M | 860.0M | 1.1B | 1.1B | 1.1B | 887.0M | 517.0M | 415.0M | 308.0M | 241.0M | 199.0M | 114.0M |
| Total Equity | 1.0B | 944.0M | 864.0M | 865.0M | 1.1B | 1.1B | 1.1B | 887.0M | 517.0M | 415.0M | 308.0M | 241.0M | 199.0M | 114.0M |
| 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 | 237.0M | 270.0M | 287.0M | 203.0M | 369.0M | 383.0M | 355.0M | 333.0M | 389.0M | 326.0M | 273.0M | 211.0M | 145.0M | 135.0M |
| Tax Refunds Received | -- | -- | 4.2M | 153,900 | 5.6M | 23.4M | 18.9M | 7.5M | 6.5M | 28.9M | 38,800 | 939,200 | 11.1M | 529,500 |
| Total Operating Cash Inflow | 244.0M | 281.0M | 309.0M | 342.0M | 542.0M | 413.0M | 394.0M | 350.0M | 406.0M | 360.0M | 275.0M | 214.0M | 158.0M | 135.0M |
| Cash Paid For Goods | 129.0M | 141.0M | 158.0M | 187.0M | 226.0M | 396.0M | 187.0M | 188.0M | 181.0M | 172.0M | 124.0M | 89.7M | 68.4M | 82.4M |
| Cash Paid To Employees | 71.4M | 70.3M | 69.9M | 59.7M | 65.4M | 78.3M | 67.8M | 56.2M | 44.3M | 38.9M | 35.7M | 28.3M | 22.6M | 14.3M |
| Taxes Paid | 15.4M | 16.2M | 8.0M | 28.4M | 39.1M | 42.6M | 43.0M | 46.2M | 51.0M | 45.5M | 33.8M | 26.8M | 22.3M | 19.1M |
| Total Operating Cash Outflow | 243.0M | 255.0M | 273.0M | 402.0M | 574.0M | 564.0M | 355.0M | 345.0M | 330.0M | 274.0M | 211.0M | 159.0M | 126.0M | 125.0M |
| Operating Cash Flow | 644,400 | 26.2M | 36.2M | -60.2M | -32.3M | -151.0M | 38.9M | 5.4M | 76.2M | 85.1M | 64.2M | 55.0M | 32.2M | 10.4M |
| Total Investing Cash Inflow | 205.0M | 69.1M | 34.9M | 6.4M | 243.0M | 556.0M | 103.0M | -- | 9,806 | 4.8M | 353,000 | 3.4M | 530,400 | 2.4M |
| Total Investing Cash Outflow | 239.0M | 37.8M | 11.2M | 26.0M | 280.0M | 634.0M | 211.0M | 74.4M | 116.0M | 32.6M | 34.3M | 32.6M | 32.3M | 21.2M |
| Investing Cash Flow | -33.2M | 31.3M | 23.8M | -19.6M | -37.0M | -77.8M | -109.0M | -74.4M | -116.0M | -27.8M | -34.0M | -29.1M | -31.8M | -18.8M |
| Cash From Borrowings | 52.2M | 138.0M | 169.0M | 175.0M | 327.0M | 223.0M | -- | -- | -- | -- | 10.0M | 18.0M | 20.0M | 28.0M |
| Dividends And Interest Paid | 1.7M | 4.0M | 7.4M | 25.0M | 31.1M | 30.8M | 25.0M | 45.0M | -- | 43,600 | 28,000 | 102,400 | 262,200 | 727,200 |
| Debt Repayments | 96.6M | 239.0M | 175.0M | 205.0M | 302.0M | 42.5M | -- | -- | -- | 10.0M | 8.0M | 20.0M | 20.0M | 28.0M |
| Total Financing Cash Inflow | 152.0M | 243.0M | 196.0M | 213.0M | 387.0M | 223.0M | 109.0M | 328.0M | -- | -- | 10.0M | 18.0M | 74.1M | 36.9M |
| Total Financing Cash Outflow | 99.3M | 243.0M | 202.0M | 249.0M | 382.0M | 81.3M | 25.0M | 53.1M | -- | 10.0M | 8.0M | 20.1M | 23.3M | 34.6M |
| Financing Cash Flow | 52.9M | 305,200 | -6.0M | -36.2M | 5.1M | 141.0M | 83.8M | 275.0M | -- | -10.0M | 2.0M | -2.1M | 50.8M | 2.3M |
| Net Change In Cash | 20.4M | 57.8M | 53.9M | -116.0M | -64.4M | -87.7M | 13.7M | 205.0M | -39.2M | 47.5M | 32.2M | 23.7M | 51.3M | -6.2M |
| Ending Cash Balance | 215.0M | 194.0M | 136.0M | 82.6M | 199.0M | 263.0M | 351.0M | 337.0M | 132.0M | 171.0M | 123.0M | 91.0M | 67.4M | 16.1M |
| Capex | 13.6M | 7.8M | 11.1M | 24.8M | 39.7M | 34.1M | 106.0M | 74.4M | 116.0M | 32.6M | 34.1M | 31.5M | 22.6M | 21.2M |