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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 222.0M | 271.0M | 347.0M | 340.0M | 164.0M | 213.0M | 335.0M | 185.0M | 184.0M | 167.0M | 108.0M | 48.5M |
| Revenue Growth % | -18.1% | -21.9% | 2.1% | 107.3% | -23.0% | -36.4% | 81.1% | 0.5% | 10.2% | 54.6% | 122.9% | -- |
| Total Revenue | 222.0M | 271.0M | 347.0M | 340.0M | 164.0M | 213.0M | 335.0M | 185.0M | 184.0M | 167.0M | 108.0M | 48.5M |
| Cost Of Revenue | 127.0M | 122.0M | 249.0M | 181.0M | 64.9M | 94.6M | 251.0M | 67.5M | 72.0M | 77.2M | 60.4M | 35.6M |
| Gross Profit | 95.0M | 149.0M | 98.0M | 159.0M | 99.1M | 118.4M | 84.0M | 117.5M | 112.0M | 89.8M | 47.6M | 12.9M |
| Gross Margin % | 42.8% | 55.0% | 28.2% | 46.8% | 60.4% | 55.6% | 25.1% | 63.5% | 60.9% | 53.8% | 44.1% | 26.6% |
| Total Operating Cost | 337.0M | 285.0M | 455.0M | 360.0M | 148.0M | 198.0M | 348.0M | 140.0M | 139.0M | 152.0M | 98.9M | 50.8M |
| Selling Expenses | 95.4M | 79.2M | 84.4M | 84.3M | 31.2M | 43.6M | 34.6M | 25.5M | 21.3M | 23.1M | 13.8M | 7.6M |
| Admin Expenses | 61.0M | 59.0M | 97.9M | 80.4M | 44.6M | 49.8M | 46.5M | 38.1M | 44.2M | 49.8M | 23.0M | 6.3M |
| Rd Expenses | 18.9M | 13.6M | 13.9M | 11.6M | 7.9M | 8.9M | 8.6M | 9.1M | -- | -- | -- | -- |
| Finance Expenses | -4.3M | -10.2M | -10.8M | -10.3M | -7.5M | -2.9M | -3.4M | -3.1M | -1.5M | -942,400 | -878,900 | -311,600 |
| Operating Income | -115.0M | 10.9M | -110.0M | -5.3M | 10.9M | 18.0M | 2.0M | 63.3M | 45.2M | 14.4M | 9.5M | -2.4M |
| Operating Margin % | -51.8% | 4.0% | -31.7% | -1.6% | 6.7% | 8.5% | 0.6% | 34.2% | 24.6% | 8.6% | 8.8% | -4.9% |
| Non Operating Income | 58,900 | 2.1M | 896,100 | 801,000 | 10,100 | 387,400 | 5.5M | 900.00 | 14.0M | 2.3M | 3.0M | 1.3M |
| Non Operating Expenses | 2.8M | 2.2M | 1.4M | 66,700 | 1.3M | 2.7M | 10,900 | 1,500 | 26,200 | 172,000 | 43,400 | 400.00 |
| Investment Income | 3.0M | 16.1M | -9.8M | 10.3M | 1.7M | -653,000 | 7.2M | 2.8M | -81,500 | -- | -378.10 | -- |
| Fair Value Change Income | -6.9M | 208,200 | 151,400 | 1.3M | -9.6M | 407,900 | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 686,600 | -946,100 | 208,800 | -- | -- | -- | 100,400 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 22.2M | 14.3M | 17.2M | 8.0M | 6.6M | -- | 10.2M | 1.8M | 812,900 | 166,300 | 605,100 | 648,700 |
| Other Income | 3.1M | 9.2M | 7.3M | 3.3M | 3.6M | 3.5M | 7.6M | 15.9M | -- | -- | -- | -- |
| Income Before Tax | -118.0M | 10.9M | -111.0M | -4.6M | 9.6M | 15.7M | 7.5M | 63.3M | 59.3M | 16.6M | 12.5M | -1.0M |
| Income Tax | -3.5M | -7.4M | -907,300 | 6.5M | 3.4M | 2.8M | 3.2M | 15.1M | 16.6M | 8.8M | 3.6M | 256,600 |
| Net Income | -114.0M | 18.2M | -110.0M | -11.1M | 6.2M | 12.9M | 4.3M | 48.2M | 42.6M | 7.8M | 9.0M | -1.3M |
| Net Margin % | -51.4% | 6.7% | -31.7% | -3.3% | 3.8% | 6.1% | 1.3% | 26.0% | 23.2% | 4.7% | 8.3% | -2.7% |
| Net Income Attributable | -106.0M | 9.7M | -83.3M | 11.4M | 7.3M | 16.3M | 13.4M | 47.2M | 40.5M | 5.3M | 7.2M | -1.7M |
| Minority Interest | -8.9M | 8.6M | -26.7M | -22.5M | -1.2M | -3.4M | -9.1M | 998,100 | 2.1M | 2.5M | 1.8M | 396,300 |
| Eps Basic | -0.65 | 0.06 | -0.50 | 0.07 | 0.08 | 0.17 | 0.14 | 0.83 | 0.79 | 0.11 | 0.14 | -1.25 |
| Eps Diluted | -0.65 | 0.06 | -0.49 | 0.07 | 0.08 | 0.17 | 0.14 | 0.83 | 0.79 | 0.11 | 0.14 | -1.25 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 341.0M | 406.0M | 443.0M | 495.0M | 294.0M | 236.0M | 148.0M | 267.0M | 227.0M | 192.0M | 72.9M | 47.3M |
| Accounts Receivable | 27.6M | 32.9M | 21.9M | 28.7M | 3.7M | 56.6M | 44.7M | 46.0M | 15.5M | 17.6M | 21.0M | 9.2M |
| Notes Receivable | -- | -- | -- | -- | -- | -- | -- | -- | 228,500 | -- | -- | -- |
| Notes And Accounts Receivable | 27.6M | 32.9M | 21.9M | 28.7M | 3.7M | 56.6M | 44.7M | 46.0M | 15.7M | 17.6M | 21.0M | 9.2M |
| Prepayments | 11.0M | 14.7M | 6.2M | 8.0M | 4.7M | 8.6M | 22.5M | 2.3M | 752,600 | 1.3M | 1.5M | 725,400 |
| Total Current Assets | 387.0M | 493.0M | 550.0M | 612.0M | 382.0M | 386.0M | 431.0M | 449.0M | 248.0M | 213.0M | 99.7M | 58.9M |
| Long Term Equity Investment | 75.1M | 97.7M | 82.5M | 73.4M | 63.5M | 37.6M | 10.0M | -- | 4.1M | 4.5M | -- | -- |
| Fixed Assets | -- | 1.4M | 3.0M | 3.2M | 3.4M | 3.5M | 3.9M | 3.6M | 2.6M | 2.3M | 1.5M | 877,100 |
| Fixed Assets Total | 2.9M | 1.4M | 3.0M | 3.2M | 3.4M | 3.5M | 3.9M | 3.6M | 2.6M | 2.3M | 1.5M | 877,100 |
| Intangible Assets | 26.5M | 38.0M | 21.1M | 21.4M | 10.3M | 6.8M | 5.6M | 2.1M | 934,100 | 160,600 | -- | -- |
| Long Term Deferred Expenses | 2.7M | 4.9M | 11.0M | 8.7M | 7.9M | 9.7M | 5.1M | 5.0M | 2.9M | 2.8M | 2.5M | 28,500 |
| Total Non Current Assets | 249.0M | 269.0M | 254.0M | 154.0M | 99.6M | 80.1M | 38.3M | 11.0M | 12.9M | 10.9M | 4.2M | 916,300 |
| Total Assets | 636.0M | 761.0M | 804.0M | 766.0M | 481.0M | 466.0M | 469.0M | 460.0M | 261.0M | 224.0M | 104.0M | 59.8M |
| Accounts Payable | 53.5M | 43.6M | 33.0M | 25.9M | 14.8M | 9.4M | 10.2M | 5.9M | 5.8M | 6.6M | 12.4M | 4.2M |
| Advance Receipts | 207,500 | -- | -- | -- | -- | 59.2M | 53.1M | 44.0M | 42.9M | 53.4M | 28.7M | 14.5M |
| Contract Liabilities | 84.6M | 91.0M | 118.0M | 95.0M | 59.3M | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 196.0M | 196.0M | 218.0M | 179.0M | 108.0M | 90.1M | 89.4M | 77.9M | 77.9M | 82.6M | 57.0M | 23.8M |
| Total Non Current Liabilities | 15.1M | 8.0M | 19.4M | 15.3M | 36,200 | 500,000 | 992,700 | 2.6M | 3.8M | 1.5M | -- | -- |
| Total Liabilities | 211.0M | 204.0M | 238.0M | 194.0M | 108.0M | 90.6M | 90.4M | 80.5M | 81.7M | 84.1M | 57.0M | 23.8M |
| Paid In Capital | 167.0M | 167.0M | 167.0M | 109.0M | 95.2M | 95.2M | 68.0M | 68.0M | 51.0M | 51.0M | 1.4M | 1.4M |
| Capital Reserve | 358.0M | 358.0M | 390.0M | 379.0M | 174.0M | 174.0M | 216.0M | 216.0M | 80.4M | 79.3M | 42.9M | 35.9M |
| Surplus Reserve | 9.9M | 9.9M | 9.9M | 9.9M | 9.0M | 7.9M | 7.0M | 5.1M | 2.9M | -- | -- | -- |
| Retained Earnings | -96.4M | 10.0M | 1.6M | 96.5M | 96.9M | 98.8M | 91.7M | 86.9M | 41.9M | 4.3M | -2.1M | -3.7M |
| Minority Equity | 2.0M | 12.2M | -3.3M | -22.6M | -2.5M | -591,900 | -4.3M | 3.3M | 3.2M | 5.6M | 4.7M | 2.4M |
| Equity Attributable | 424.0M | 545.0M | 569.0M | 595.0M | 375.0M | 376.0M | 383.0M | 376.0M | 176.0M | 135.0M | 42.2M | 33.6M |
| Total Equity | 426.0M | 557.0M | 566.0M | 572.0M | 373.0M | 376.0M | 379.0M | 380.0M | 179.0M | 140.0M | 46.9M | 36.0M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 228.0M | 230.0M | 384.0M | 352.0M | 154.0M | 212.0M | 353.0M | 161.0M | 183.0M | 200.0M | 114.0M | 64.6M |
| Tax Refunds Received | -- | -- | 165,800 | 136,600 | 189,100 | -- | -- | -- | 120,300 | -- | -- | -- |
| Total Operating Cash Inflow | 245.0M | 258.0M | 413.0M | 371.0M | 168.0M | 230.0M | 372.0M | 179.0M | 202.0M | 209.0M | 127.0M | 68.5M |
| Cash Paid For Goods | 84.7M | 92.1M | 193.0M | 124.0M | 36.5M | 64.6M | 251.0M | 45.5M | 54.8M | 63.7M | 38.1M | 24.5M |
| Cash Paid To Employees | 145.0M | 133.0M | 152.0M | 147.0M | 63.2M | 79.5M | 75.6M | 63.2M | 60.1M | 45.8M | 28.1M | 15.8M |
| Taxes Paid | 12.7M | 16.7M | 30.4M | 15.3M | 7.4M | 9.0M | 18.3M | 27.6M | 18.7M | 14.4M | 6.9M | 3.1M |
| Total Operating Cash Outflow | 274.0M | 268.0M | 409.0M | 330.0M | 138.0M | 196.0M | 404.0M | 165.0M | 159.0M | 154.0M | 99.2M | 53.6M |
| Operating Cash Flow | -29.4M | -10.0M | 4.5M | 41.1M | 29.5M | 34.5M | -32.2M | 14.0M | 42.7M | 55.5M | 27.5M | 14.8M |
| Total Investing Cash Inflow | 245.0M | 900,000 | 91,500 | 205.0M | 411.0M | 585.0M | 564.0M | 222.0M | 50.3M | -- | 1,500 | -- |
| Total Investing Cash Outflow | 257.0M | 42.9M | 69.3M | 235.0M | 373.0M | 516.0M | 646.0M | 350.0M | 53.2M | 6.7M | 2.8M | 185,500 |
| Investing Cash Flow | -12.4M | -42.0M | -69.2M | -30.3M | 38.3M | 69.2M | -81.5M | -128.0M | -2.9M | -6.7M | -2.8M | -185,500 |
| Dividends And Interest Paid | 1.3M | 2.5M | 6.6M | 10.6M | 8.8M | 6.8M | 6.8M | 2.3M | 2.2M | -- | -- | -- |
| Debt Repayments | 160,500 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Financing Cash Inflow | 0.00 | 2.4M | 89.9M | 215.0M | -- | 3.3M | 1.6M | 164.0M | 50.00 | 70.7M | 840,000 | 823,000 |
| Total Financing Cash Outflow | 23.8M | 37.4M | 26.9M | 25.1M | 9.7M | 19.5M | 6.8M | 10.1M | 5.1M | -- | -- | -- |
| Financing Cash Flow | -23.8M | -35.0M | 62.9M | 190.0M | -9.7M | -16.1M | -5.2M | 154.0M | -5.1M | 70.7M | 840,000 | 823,000 |
| Net Change In Cash | -65.5M | -87.1M | -1.8M | 201.0M | 58.1M | 87.6M | -119.0M | 40.0M | 34.7M | 119.0M | 25.6M | 15.5M |
| Ending Cash Balance | 341.0M | 406.0M | 493.0M | 495.0M | 294.0M | 236.0M | 148.0M | 267.0M | 227.0M | 192.0M | 72.9M | 47.3M |
| Capex | 7.9M | 19.9M | 26.4M | 25.5M | 5.6M | 12.6M | 9.9M | 4.0M | 2.7M | 1.2M | 1.2M | 185,500 |