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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 843.0M | 1.2B | 1.2B | 1.3B | 1.0B | 934.0M | 753.0M | 670.0M | 655.0M | 508.0M | 325.0M | 242.0M | 193.0M |
| Revenue Growth % | -27.9% | -0.6% | -9.4% | 24.9% | 11.2% | 24.0% | 12.4% | 2.3% | 28.9% | 56.3% | 34.3% | 25.4% | -- |
| Total Revenue | 843.0M | 1.2B | 1.2B | 1.3B | 1.0B | 934.0M | 753.0M | 670.0M | 655.0M | 508.0M | 325.0M | 242.0M | 193.0M |
| Cost Of Revenue | 764.0M | 859.0M | 754.0M | 847.0M | 595.0M | 539.0M | 443.0M | 394.0M | 380.0M | 279.0M | 162.0M | 114.0M | 91.0M |
| Gross Profit | 79.0M | 310.0M | 422.0M | 451.0M | 444.0M | 395.0M | 310.0M | 276.0M | 275.0M | 229.0M | 163.0M | 128.0M | 102.0M |
| Gross Margin % | 9.4% | 26.5% | 35.9% | 34.7% | 42.7% | 42.3% | 41.2% | 41.2% | 42.0% | 45.1% | 50.2% | 52.9% | 52.9% |
| Total Operating Cost | 1.4B | 1.3B | 1.2B | 1.3B | 984.0M | 893.0M | 717.0M | 631.0M | 609.0M | 471.0M | 286.0M | 206.0M | 156.0M |
| Selling Expenses | 64.1M | 56.7M | 64.2M | 73.6M | 79.1M | 85.4M | 60.5M | 67.4M | 64.5M | 58.9M | 31.2M | 25.1M | 15.6M |
| Admin Expenses | 157.0M | 140.0M | 123.0M | 122.0M | 97.0M | 95.4M | 59.0M | 45.1M | 131.0M | 107.0M | 76.2M | 50.2M | 36.6M |
| Rd Expenses | 147.0M | 118.0M | 115.0M | 119.0M | 117.0M | 114.0M | 94.0M | 85.5M | -- | -- | -- | -- | -- |
| Finance Expenses | 54.3M | 54.9M | 41.4M | 42.3M | 43.4M | 34.5M | 24.2M | 17.6M | 15.5M | 11.7M | 9.3M | 8.1M | 5.7M |
| Operating Income | -553.0M | -155.0M | 14.3M | 33.5M | 58.2M | 42.8M | 40.2M | 41.6M | 43.9M | 38.4M | 37.9M | 35.8M | 36.4M |
| Operating Margin % | -65.6% | -13.3% | 1.2% | 2.6% | 5.6% | 4.6% | 5.3% | 6.2% | 6.7% | 7.6% | 11.7% | 14.8% | 18.9% |
| Non Operating Income | 1.3M | 630,200 | 2,400 | 34,200 | 4,400 | 354,600 | 67,700 | 4,000 | 1.4M | 747,000 | 1.6M | 1.3M | 46,300 |
| Non Operating Expenses | 52,100 | 13,300 | 784,900 | 560,500 | 185,800 | 58,800 | 19,000 | -- | 400.00 | 41,500 | 73,700 | 720,700 | 42,600 |
| Investment Income | -3.8M | 6.1M | 1.8M | 293,400 | -1.2M | -167,600 | -448,400 | -1.4M | -1.8M | 1.1M | -177,100 | -278,300 | -987,700 |
| Fair Value Change Income | 151,100 | 39,900 | 63,500 | 14,900 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -174,900 | 112,500 | -8,600 | 1,800 | -- | -- | -- | -5,900 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 78.8M | 49.7M | 5.9M | 14.8M | 9.3M | 4.6M | 33.3M | 19.8M | 17.8M | 13.9M | 6.6M | 8.6M | 6.3M |
| Other Income | 9.7M | 7.9M | 11.7M | 7.6M | 4.9M | 2.4M | 4.4M | 3.6M | -- | -- | -- | -- | -- |
| Income Before Tax | -551.0M | -154.0M | 13.5M | 32.9M | 58.0M | 43.1M | 40.3M | 41.6M | 45.3M | 39.1M | 39.4M | 36.4M | 36.4M |
| Income Tax | -10.6M | -20.5M | -8.4M | -4.7M | -4.2M | -3.0M | -1.8M | 1.5M | 2.6M | 3.8M | 4.9M | 5.3M | 5.0M |
| Net Income | -541.0M | -133.0M | 21.9M | 37.6M | 62.2M | 46.1M | 42.1M | 40.1M | 42.8M | 35.3M | 34.5M | 31.1M | 31.5M |
| Net Margin % | -64.2% | -11.4% | 1.9% | 2.9% | 6.0% | 4.9% | 5.6% | 6.0% | 6.5% | 6.9% | 10.6% | 12.8% | 16.3% |
| Net Income Attributable | -535.0M | -123.0M | 21.9M | 37.4M | 60.5M | 49.5M | 42.6M | 40.1M | 42.8M | 35.3M | 34.5M | 31.1M | 31.5M |
| Minority Interest | -6.3M | -10.4M | 22,500 | 239,500 | 1.7M | -3.4M | -492,500 | -- | -- | -- | -- | -- | -- |
| Eps Basic | -1.15 | -0.27 | 0.05 | 0.08 | 0.13 | 0.16 | 0.14 | 0.23 | 0.43 | 0.36 | 0.39 | 0.39 | -- |
| Eps Diluted | -1.02 | -0.20 | 0.05 | 0.08 | 0.13 | 0.16 | 0.14 | 0.23 | 0.43 | 0.36 | 0.39 | 0.39 | -- |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 221.0M | 601.0M | 411.0M | 261.0M | 438.0M | 261.0M | 407.0M | 390.0M | 202.0M | 188.0M | 69.3M | 125.0M | 79.2M |
| Trading Financial Assets | 24.9M | 3.6M | 5.2M | 8.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 513.0M | 847.0M | 897.0M | 819.0M | 690.0M | 643.0M | 546.0M | 488.0M | 423.0M | 364.0M | 224.0M | 181.0M | 104.0M |
| Notes Receivable | -- | -- | -- | 669,000 | 24,000 | -- | -- | -- | -- | -- | -- | -- | -- |
| Notes And Accounts Receivable | 513.0M | 847.0M | 897.0M | 820.0M | 690.0M | 643.0M | 546.0M | 488.0M | 423.0M | 364.0M | 224.0M | 181.0M | 104.0M |
| Prepayments | 66.8M | 49.2M | 34.2M | 22.8M | 20.0M | 14.5M | 14.0M | 7.2M | 6.3M | 5.0M | 4.2M | 1.1M | 234,900 |
| Inventory | 458.0M | 597.0M | 580.0M | 442.0M | 442.0M | 256.0M | 186.0M | 112.0M | 80.5M | 67.6M | 45.1M | 21.7M | 13.4M |
| Total Current Assets | 1.4B | 2.2B | 2.2B | 1.6B | 1.7B | 1.2B | 1.2B | 1.1B | 728.0M | 639.0M | 523.0M | 338.0M | 218.0M |
| Long Term Equity Investment | 14.4M | 14.5M | 14.5M | 17.1M | 17.7M | 19.3M | 21.1M | 8.7M | 10.7M | 12.5M | 13.6M | 10.0M | 10.3M |
| Fixed Assets | -- | 28.8M | 28.4M | 31.0M | 33.9M | 7.4M | 4.9M | 2.0M | 2.1M | 2.1M | 1.6M | 1.5M | 1.2M |
| Fixed Assets Total | 29.1M | 28.8M | 28.4M | 31.0M | 33.9M | 7.4M | 4.9M | 2.0M | 2.1M | 2.1M | 1.6M | 1.5M | 1.2M |
| Construction In Progress | -- | 366.0M | 270.0M | 123.0M | 6.3M | -- | -- | -- | -- | 413,000 | -- | -- | -- |
| Construction In Progress Total | 488.0M | 366.0M | 270.0M | 123.0M | 6.3M | -- | -- | -- | -- | 413,000 | -- | -- | -- |
| Intangible Assets | 171.0M | 135.0M | 159.0M | 160.0M | 161.0M | 94.4M | 33.3M | 758,500 | 1.5M | 2.4M | 2.9M | 3.7M | 31,300 |
| Long Term Deferred Expenses | 3.0M | 6.0M | 13.3M | 22.6M | 18.5M | 11.4M | 10.4M | 13.8M | 7.4M | -- | -- | -- | -- |
| Total Non Current Assets | 935.0M | 796.0M | 748.0M | 640.0M | 581.0M | 288.0M | 169.0M | 42.7M | 31.9M | 22.6M | 21.5M | 17.9M | 13.3M |
| Total Assets | 2.3B | 3.0B | 2.9B | 2.3B | 2.2B | 1.5B | 1.4B | 1.1B | 760.0M | 662.0M | 544.0M | 356.0M | 231.0M |
| Short Term Borrowings | 224.0M | 428.0M | 486.0M | 560.0M | 523.0M | 415.0M | 420.0M | 320.0M | 239.0M | 195.0M | 136.0M | 89.7M | 44.5M |
| Accounts Payable | 146.0M | 74.2M | 75.4M | 68.4M | 82.1M | 36.3M | 13.6M | 10.9M | 5.4M | 4.3M | 7.1M | 8.9M | 5.2M |
| Advance Receipts | -- | -- | -- | -- | -- | 34.6M | 22.4M | 15.4M | 17.4M | 10.5M | 8.1M | 3.0M | 2.8M |
| Contract Liabilities | 75.2M | 74.2M | 88.4M | 67.5M | 52.2M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 697.0M | 809.0M | 835.0M | 907.0M | 904.0M | 679.0M | 613.0M | 457.0M | 327.0M | 271.0M | 189.0M | 135.0M | 95.9M |
| Long Term Borrowings | 598.0M | 580.0M | 379.0M | 186.0M | 182.0M | -- | -- | -- | -- | -- | -- | -- | 5.0M |
| Total Non Current Liabilities | 823.0M | 1.0B | 796.0M | 212.0M | 192.0M | 41.3M | 55.9M | -- | -- | -- | -- | -- | 5.0M |
| Total Liabilities | 1.5B | 1.9B | 1.6B | 1.1B | 1.1B | 721.0M | 669.0M | 457.0M | 327.0M | 271.0M | 189.0M | 135.0M | 101.0M |
| Paid In Capital | 478.0M | 462.0M | 462.0M | 462.0M | 311.0M | 300.0M | 201.0M | 134.0M | 98.6M | 98.6M | 98.6M | 87.8M | 79.7M |
| Capital Reserve | 620.0M | 342.0M | 347.0M | 347.0M | 518.0M | 244.0M | 354.0M | 406.0M | 202.0M | 202.0M | 202.0M | 102.0M | -- |
| Surplus Reserve | 42.2M | 42.2M | 42.2M | 38.7M | 33.7M | 28.4M | 22.6M | 18.1M | 14.2M | 10.2M | 6.6M | 3.1M | 5.1M |
| Retained Earnings | -375.0M | 159.0M | 292.0M | 273.0M | 249.0M | 212.0M | 187.0M | 155.0M | 119.0M | 80.4M | 48.7M | 28.3M | 45.8M |
| Minority Equity | -5.0M | 45.4M | 56.5M | 47.4M | 42.2M | 12.7M | 16.3M | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 814.0M | 1.1B | 1.2B | 1.1B | 1.1B | 750.0M | 721.0M | 678.0M | 434.0M | 391.0M | 356.0M | 222.0M | 131.0M |
| Total Equity | 809.0M | 1.1B | 1.3B | 1.2B | 1.1B | 763.0M | 737.0M | 678.0M | 434.0M | 391.0M | 356.0M | 222.0M | 131.0M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 1.1B | 1.2B | 1.1B | 1.1B | 961.0M | 854.0M | 698.0M | 600.0M | 595.0M | 365.0M | 288.0M | 163.0M | 139.0M |
| Tax Refunds Received | 4.4M | 823,300 | 5.6M | 1.1M | 895,300 | 661,200 | 1.2M | 2.3M | 596,700 | 298,600 | 311,700 | 362,500 | 23,900 |
| Total Operating Cash Inflow | 1.1B | 1.2B | 1.2B | 1.2B | 990.0M | 922.0M | 724.0M | 630.0M | 659.0M | 411.0M | 321.0M | 289.0M | 249.0M |
| Cash Paid For Goods | 33.9M | 19.0M | 57.1M | 61.1M | 50.8M | 35.3M | 31.2M | 12.9M | 11.0M | 9.3M | 12.0M | 14.9M | 6.4M |
| Cash Paid To Employees | 889.0M | 1.0B | 1.0B | 1.0B | 864.0M | 726.0M | 613.0M | 536.0M | 496.0M | 346.0M | 210.0M | 141.0M | 105.0M |
| Taxes Paid | 35.1M | 37.5M | 46.3M | 37.5M | 27.3M | 36.5M | 24.1M | 12.7M | 11.0M | 10.3M | 13.0M | 5.6M | 1.7M |
| Total Operating Cash Outflow | 1.1B | 1.2B | 1.3B | 1.2B | 1.1B | 945.0M | 774.0M | 658.0M | 667.0M | 512.0M | 341.0M | 325.0M | 234.0M |
| Operating Cash Flow | 50.5M | 16.6M | -90.5M | -74.8M | -72.6M | -23.6M | -50.0M | -28.5M | -8.6M | -101.0M | -20.8M | -35.9M | 14.7M |
| Total Investing Cash Inflow | 124.0M | 173.0M | 367.0M | 135.0M | 3.4M | 194.0M | 266.0M | 55.6M | -- | 563.0M | 111.0M | -- | -- |
| Total Investing Cash Outflow | 261.0M | 108.0M | 674.0M | 192.0M | 246.0M | 253.0M | 349.0M | 141.0M | 3.7M | 392.0M | 285.0M | 1.3M | 513,700 |
| Investing Cash Flow | -137.0M | 65.1M | -307.0M | -56.8M | -242.0M | -59.3M | -83.2M | -85.2M | -3.7M | 170.0M | -175.0M | -1.3M | -513,700 |
| Cash From Borrowings | 324.0M | 885.0M | 1.2B | 1.3B | 1.1B | 823.0M | 608.0M | 481.0M | 370.0M | 305.0M | 181.0M | 133.0M | 133.0M |
| Dividends And Interest Paid | 39.5M | 38.6M | 41.5M | 56.8M | 46.3M | 37.7M | 20.3M | 14.6M | 13.1M | 9.0M | 18.3M | 8.2M | 4.9M |
| Debt Repayments | 543.0M | 708.0M | 1.1B | 1.3B | 846.0M | 833.0M | 438.0M | 406.0M | 326.0M | 246.0M | 135.0M | 101.0M | 129.0M |
| Total Financing Cash Inflow | 328.0M | 885.0M | 1.7B | 1.4B | 1.4B | 823.0M | 639.0M | 733.0M | 382.0M | 315.0M | 303.0M | 200.0M | 185.0M |
| Total Financing Cash Outflow | 617.0M | 777.0M | 1.2B | 1.4B | 910.0M | 922.0M | 482.0M | 432.0M | 355.0M | 270.0M | 163.0M | 122.0M | 140.0M |
| Financing Cash Flow | -289.0M | 108.0M | 544.0M | -47.9M | 529.0M | -99.7M | 157.0M | 301.0M | 26.8M | 45.2M | 140.0M | 77.6M | 45.6M |
| Net Change In Cash | -375.0M | 190.0M | 149.0M | -180.0M | 213.0M | -182.0M | 24.5M | 186.0M | 14.7M | 114.0M | -56.0M | 40.5M | 59.8M |
| Ending Cash Balance | 217.0M | 592.0M | 402.0M | 253.0M | 434.0M | 220.0M | 403.0M | 378.0M | 192.0M | 177.0M | 63.1M | 119.0M | 78.7M |
| Capex | 79.7M | 106.0M | 137.0M | 38.4M | 202.0M | 121.0M | 3.2M | 1.4M | 1.6M | 2.0M | 855,600 | 1.3M | 513,700 |