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 | 1.5B | 2.3B | 1.8B | 1.1B | 594.0M | 600.0M | 642.0M | 490.0M | 293.0M | 181.0M | 164.0M | 156.0M | 130.0M | 101.0M |
| Revenue Growth % | -33.0% | 23.8% | 58.2% | 93.6% | -1.0% | -6.5% | 31.0% | 67.2% | 61.9% | 10.4% | 5.1% | 20.0% | 28.7% | -- |
| Total Revenue | 1.5B | 2.3B | 1.8B | 1.1B | 594.0M | 600.0M | 642.0M | 490.0M | 293.0M | 181.0M | 164.0M | 156.0M | 130.0M | 101.0M |
| Cost Of Revenue | 1.3B | 1.8B | 1.4B | 889.0M | 428.0M | 427.0M | 475.0M | 366.0M | 194.0M | 117.0M | 96.9M | 93.6M | 76.4M | 67.8M |
| Gross Profit | 241.0M | 444.0M | 380.0M | 261.0M | 166.0M | 173.0M | 167.0M | 124.0M | 99.0M | 64.0M | 67.1M | 62.4M | 53.6M | 33.2M |
| Gross Margin % | 16.0% | 19.7% | 20.9% | 22.7% | 27.9% | 28.8% | 26.0% | 25.3% | 33.8% | 35.4% | 40.9% | 40.0% | 41.2% | 32.9% |
| Total Operating Cost | 1.6B | 2.2B | 1.7B | 1.1B | 596.0M | 577.0M | 611.0M | 463.0M | 259.0M | 170.0M | 139.0M | 128.0M | 105.0M | 84.8M |
| Selling Expenses | 33.0M | 38.2M | 61.2M | 43.6M | 25.8M | 27.9M | 30.8M | 22.2M | 13.6M | 12.0M | 9.5M | 8.1M | 7.2M | 4.8M |
| Admin Expenses | 118.0M | 116.0M | 102.0M | 78.5M | 58.8M | 48.2M | 39.9M | 27.6M | 32.1M | 28.6M | 26.4M | 20.1M | 18.7M | 10.8M |
| Rd Expenses | 89.3M | 110.0M | 88.2M | 59.3M | 34.7M | 32.0M | 33.9M | 19.3M | -- | -- | -- | -- | -- | -- |
| Finance Expenses | 64.4M | 58.1M | 29.7M | 43.7M | 35.4M | 18.7M | 10.0M | 5.6M | 6.3M | 5.9M | 4.0M | 3.5M | 1.1M | 768,800 |
| Operating Income | -111.0M | 111.0M | 94.8M | 30.5M | 16.9M | 49.4M | 54.4M | 44.6M | 33.9M | 10.8M | 24.8M | 28.2M | 25.2M | 16.1M |
| Operating Margin % | -7.4% | 4.9% | 5.2% | 2.7% | 2.8% | 8.2% | 8.5% | 9.1% | 11.6% | 6.0% | 15.1% | 18.1% | 19.4% | 16.0% |
| Non Operating Income | 774,900 | 1.6M | 1.2M | 243,000 | 750,900 | 495,800 | 663,400 | 12.0M | 17.6M | 16.4M | 8.4M | 4.6M | 237,900 | 1.6M |
| Non Operating Expenses | 483,000 | 1.8M | 10.4M | 650,300 | 824,600 | 111,900 | 233,700 | 20,700 | 101,300 | 12,900 | 5,800 | 1,300 | 22,800 | 17,700 |
| Investment Income | -1.7M | -2.0M | -3.6M | -1.2M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 20,500 | 35,500 | -11,700 | -5,700 | -- | 581,100 | 10,400 | -- | -- | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 8.6M | 13.4M | 11.6M | 4.0M | 6.3M | 3.8M | 15.7M | 16.6M | 9.6M | 4.9M | 1.0M | 1.0M | 975,300 | 144,500 |
| Other Income | 31.7M | 65.1M | 26.5M | 23.5M | 19.0M | 25.8M | 23.7M | 17.6M | -- | -- | -- | -- | -- | -- |
| Income Before Tax | -110.0M | 110.0M | 85.6M | 30.1M | 16.8M | 49.8M | 54.8M | 56.6M | 51.4M | 27.2M | 33.2M | 32.8M | 25.4M | 17.7M |
| Income Tax | -19.3M | 26.9M | 19.5M | 61,200 | 4.1M | 8.4M | 8.6M | 9.1M | 8.3M | 3.3M | 6.2M | 4.9M | 3.6M | 2.8M |
| Net Income | -91.0M | 83.4M | 66.2M | 30.0M | 12.7M | 41.3M | 46.2M | 47.5M | 43.1M | 23.9M | 27.0M | 27.9M | 21.9M | 15.0M |
| Net Margin % | -6.0% | 3.7% | 3.6% | 2.6% | 2.1% | 6.9% | 7.2% | 9.7% | 14.7% | 13.2% | 16.5% | 17.9% | 16.8% | 14.8% |
| Net Income Attributable | -80.7M | 93.7M | 66.6M | 30.0M | 12.7M | 41.5M | 46.4M | 47.5M | 43.1M | 23.9M | 27.0M | 27.9M | 21.9M | 15.0M |
| Minority Interest | -10.3M | -10.3M | -408,900 | -- | -33,100 | -187,300 | -116,200 | 39,300 | -- | -- | -- | -- | -- | -- |
| Eps Basic | -0.60 | 0.81 | 0.76 | 0.40 | 0.17 | 0.56 | 0.62 | 0.66 | 0.77 | 0.43 | 0.48 | 0.54 | -- | -- |
| Eps Diluted | -0.60 | 0.81 | 0.75 | 0.40 | 0.17 | 0.56 | 0.62 | 0.66 | 0.77 | 0.43 | 0.48 | 0.54 | -- | -- |
| 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 | 539.0M | 1.1B | 472.0M | 171.0M | 157.0M | 135.0M | 142.0M | 156.0M | 38.1M | 37.7M | 45.3M | 39.0M | 14.8M | 10.2M |
| Accounts Receivable | 1.0B | 947.0M | 649.0M | 370.0M | 283.0M | 332.0M | 257.0M | 197.0M | 96.9M | 68.2M | 43.6M | 38.2M | 26.0M | 9.0M |
| Notes Receivable | 33.2M | 6.0M | 42.4M | 101.0M | 18.6M | 54.1M | 87.7M | 50.7M | 19.6M | 4.9M | 8.9M | 26.9M | 2.7M | 3.5M |
| Notes And Accounts Receivable | 1.1B | 953.0M | 691.0M | 471.0M | 302.0M | 386.0M | 344.0M | 247.0M | 117.0M | 73.1M | 52.6M | 65.1M | 28.7M | 12.5M |
| Prepayments | 33.7M | 41.3M | 80.8M | 60.2M | 14.3M | 15.6M | 9.3M | 28.3M | 16.0M | 12.7M | 3.5M | 1.2M | 1.2M | 1.5M |
| Inventory | 595.0M | 710.0M | 675.0M | 463.0M | 104.0M | 79.4M | 108.0M | 143.0M | 128.0M | 82.7M | 67.3M | 67.3M | 61.9M | 22.6M |
| Total Current Assets | 2.5B | 3.0B | 2.1B | 1.3B | 700.0M | 663.0M | 637.0M | 592.0M | 316.0M | 223.0M | 174.0M | 178.0M | 110.0M | 49.5M |
| Long Term Equity Investment | 3.5M | 3.1M | 3.4M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 1.0B | 649.0M | 569.0M | 519.0M | 255.0M | 84.0M | 73.0M | 65.2M | 71.3M | 55.6M | 24.5M | 27.1M | 21.6M |
| Fixed Assets Total | 1.2B | 1.0B | 649.0M | 569.0M | 519.0M | 255.0M | 84.0M | 73.0M | 65.2M | 71.3M | 55.6M | 24.5M | 27.1M | 21.6M |
| Construction In Progress | -- | 223.0M | 142.0M | 46.8M | 41.1M | 130.0M | 237.0M | 65.1M | 17.2M | 10.8M | 19.6M | 24.3M | 10.8M | 2.5M |
| Construction In Progress Total | 249.0M | 223.0M | 142.0M | 46.8M | 41.1M | 130.0M | 237.0M | 65.1M | 17.2M | 10.8M | 19.6M | 24.3M | 10.8M | 2.5M |
| Intangible Assets | 129.0M | 134.0M | 140.0M | 146.0M | 145.0M | 47.1M | 48.0M | 49.6M | 28.8M | 29.4M | 21.4M | 12.8M | 13.1M | 13.2M |
| Long Term Deferred Expenses | 18.1M | 17.9M | 9.5M | 3.5M | 2.5M | 2.4M | 940,900 | 821,700 | 1.0M | 1.4M | 1.2M | 906,200 | 576,800 | -- |
| Total Non Current Assets | 1.7B | 1.6B | 1.1B | 811.0M | 770.0M | 447.0M | 392.0M | 210.0M | 117.0M | 117.0M | 100.0M | 67.3M | 53.6M | 37.7M |
| Total Assets | 4.2B | 4.6B | 3.2B | 2.1B | 1.5B | 1.1B | 1.0B | 802.0M | 433.0M | 340.0M | 274.0M | 245.0M | 164.0M | 87.2M |
| Short Term Borrowings | 1.2B | 1.0B | 336.0M | 292.0M | 196.0M | 176.0M | 154.0M | 111.0M | 57.5M | 86.6M | 68.3M | 42.8M | 34.3M | 8.7M |
| Accounts Payable | 446.0M | 545.0M | 422.0M | 249.0M | 106.0M | 98.0M | 77.6M | 45.1M | 36.8M | 21.5M | 16.8M | 12.6M | 18.7M | 9.8M |
| Advance Receipts | -- | -- | -- | -- | -- | 33.1M | 54.1M | 73.1M | 36.4M | 17.7M | 24.3M | 50.1M | 30.1M | 10.6M |
| Contract Liabilities | 133.0M | 450.0M | 600.0M | 277.0M | 38.3M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 2.1B | 2.6B | 2.1B | 1.1B | 538.0M | 440.0M | 429.0M | 315.0M | 166.0M | 145.0M | 118.0M | 115.0M | 92.0M | 38.1M |
| Long Term Borrowings | 324.0M | 191.0M | 125.0M | 120.0M | 183.0M | 128.0M | 118.0M | 45.9M | 42.0M | 9.5M | -- | -- | -- | -- |
| Total Non Current Liabilities | 400.0M | 307.0M | 203.0M | 269.0M | 405.0M | 178.0M | 143.0M | 70.1M | 62.3M | 28.2M | 7.1M | 1.5M | 1.3M | 1.0M |
| Total Liabilities | 2.5B | 2.9B | 2.3B | 1.4B | 943.0M | 618.0M | 571.0M | 385.0M | 228.0M | 173.0M | 125.0M | 116.0M | 93.3M | 39.1M |
| Paid In Capital | 134.0M | 103.0M | 88.7M | 84.7M | 74.7M | 74.7M | 74.7M | 74.7M | 56.0M | 56.0M | 56.0M | 56.0M | 4.3M | 4.3M |
| Capital Reserve | 1.1B | 1.1B | 496.0M | 352.0M | 187.0M | 188.0M | 188.0M | 188.0M | 33.6M | 33.6M | 33.6M | 33.6M | 24.3M | 24.3M |
| Surplus Reserve | 51.6M | 51.5M | 44.3M | 42.3M | 37.7M | 34.5M | 29.4M | 23.4M | 17.8M | 12.7M | 8.7M | 5.4M | 4.5M | 2.1M |
| Retained Earnings | 254.0M | 363.0M | 284.0M | 223.0M | 199.0M | 193.0M | 165.0M | 130.0M | 97.0M | 64.2M | 49.9M | 33.4M | 36.9M | 17.4M |
| Minority Equity | 106.0M | 51.5M | 36.3M | -- | -- | -154,300 | 32,900 | 149,200 | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 1.6B | 1.7B | 913.0M | 718.0M | 527.0M | 491.0M | 457.0M | 417.0M | 205.0M | 167.0M | 149.0M | 129.0M | 70.3M | 48.1M |
| Total Equity | 1.7B | 1.7B | 949.0M | 718.0M | 527.0M | 491.0M | 457.0M | 417.0M | 205.0M | 167.0M | 149.0M | 129.0M | 70.3M | 48.1M |
| 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 | 1.0B | 1.6B | 1.7B | 963.0M | 474.0M | 471.0M | 485.0M | 303.0M | 224.0M | 141.0M | 128.0M | 140.0M | 131.0M | 107.0M |
| Tax Refunds Received | 19.5M | 46.6M | 24.9M | 25.3M | 8.2M | 14.1M | 15.4M | 15.1M | 8.7M | 6.2M | 6.9M | 433,300 | -- | -- |
| Total Operating Cash Inflow | 1.1B | 1.7B | 1.7B | 1.0B | 507.0M | 514.0M | 510.0M | 337.0M | 243.0M | 158.0M | 139.0M | 142.0M | 134.0M | 108.0M |
| Cash Paid For Goods | 1.1B | 1.2B | 853.0M | 692.0M | 228.0M | 292.0M | 287.0M | 216.0M | 143.0M | 89.0M | 49.0M | 82.3M | 89.4M | 82.6M |
| Cash Paid To Employees | 232.0M | 234.0M | 161.0M | 117.0M | 83.7M | 84.7M | 79.7M | 59.8M | 41.6M | 32.8M | 25.3M | 22.4M | 15.9M | 9.8M |
| Taxes Paid | 56.8M | 95.2M | 97.5M | 56.9M | 22.6M | 35.0M | 52.7M | 40.7M | 27.7M | 20.5M | 21.4M | 13.2M | 11.0M | 6.2M |
| Total Operating Cash Outflow | 1.6B | 1.7B | 1.2B | 966.0M | 408.0M | 472.0M | 472.0M | 350.0M | 233.0M | 163.0M | 114.0M | 136.0M | 132.0M | 107.0M |
| Operating Cash Flow | -460.0M | -44.0M | 484.0M | 62.6M | 99.5M | 41.8M | 38.0M | -13.0M | 9.1M | -4.3M | 25.0M | 5.6M | 2.0M | 936,800 |
| Total Investing Cash Inflow | 8,700 | 124,700 | 131,000 | 77,800 | 380.00 | 2.6M | 18,000 | 10.3M | 6.0M | 2.0M | 10,300 | -- | -- | 23,000 |
| Total Investing Cash Outflow | 299.0M | 545.0M | 289.0M | 103.0M | 346.0M | 75.0M | 190.0M | 103.0M | 5.8M | 24.8M | 34.3M | 17.0M | 17.9M | 20.6M |
| Investing Cash Flow | -299.0M | -544.0M | -289.0M | -103.0M | -346.0M | -72.5M | -190.0M | -92.6M | 130,000 | -22.8M | -34.3M | -17.0M | -17.9M | -20.6M |
| Cash From Borrowings | 1.9B | 1.3B | 708.0M | 337.0M | 484.0M | 262.0M | 354.0M | 169.0M | 133.0M | 132.0M | 68.3M | 45.1M | 38.3M | 8.7M |
| Dividends And Interest Paid | 89.8M | 55.4M | 28.8M | 29.4M | 24.2M | 25.1M | 19.8M | 15.7M | 10.8M | 10.9M | 10.0M | 3.4M | 1.1M | 824,200 |
| Debt Repayments | 1.5B | 598.0M | 583.0M | 290.0M | 241.0M | 245.0M | 197.0M | 103.0M | 125.0M | 104.0M | 42.8M | 36.6M | 16.7M | 7.0M |
| Total Financing Cash Inflow | 1.9B | 2.1B | 1.1B | 562.0M | 676.0M | 444.0M | 513.0M | 399.0M | 153.0M | 158.0M | 68.3M | 75.6M | 38.3M | 34.0M |
| Total Financing Cash Outflow | 1.7B | 848.0M | 1.2B | 548.0M | 438.0M | 404.0M | 413.0M | 185.0M | 168.0M | 141.0M | 63.3M | 40.0M | 17.8M | 7.8M |
| Financing Cash Flow | 207.0M | 1.2B | -19.2M | 13.8M | 238.0M | 40.8M | 99.5M | 214.0M | -15.2M | 17.5M | 5.0M | 35.6M | 20.5M | 26.2M |
| Net Change In Cash | -551.0M | 660.0M | 179.0M | -26.8M | -8.6M | 10.1M | -52.6M | 109.0M | -6.0M | -9.6M | -4.2M | 24.2M | 4.6M | 6.5M |
| Ending Cash Balance | 338.0M | 889.0M | 229.0M | 50.1M | 76.9M | 85.5M | 75.4M | 128.0M | 19.2M | 25.2M | 34.8M | 39.0M | 14.8M | 10.2M |
| Capex | 296.0M | 545.0M | 286.0M | 103.0M | 345.0M | 75.0M | 190.0M | 101.0M | 5.8M | 19.8M | 34.3M | 17.0M | 17.9M | 20.6M |