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 | 2.4B | 2.8B | 2.1B | 2.6B | 2.0B | 1.2B | 619.0M | 394.0M | 269.0M | 218.0M | 181.0M | 118.0M | 22.5M |
| Revenue Growth % | -15.0% | 31.6% | -17.7% | 28.8% | 72.4% | 88.2% | 57.1% | 46.5% | 23.4% | 20.4% | 53.4% | 424.3% | -- |
| Total Revenue | 2.4B | 2.8B | 2.1B | 2.6B | 2.0B | 1.2B | 619.0M | 394.0M | 269.0M | 218.0M | 181.0M | 118.0M | 22.5M |
| Cost Of Revenue | 1.9B | 2.2B | 1.7B | 1.8B | 1.1B | 710.0M | 392.0M | 246.0M | 149.0M | 137.0M | 125.0M | 84.0M | 19.3M |
| Gross Profit | 472.0M | 616.0M | 415.0M | 785.0M | 868.0M | 455.0M | 227.0M | 148.0M | 120.0M | 81.0M | 56.0M | 34.0M | 3.2M |
| Gross Margin % | 19.8% | 22.0% | 19.5% | 30.4% | 43.2% | 39.1% | 36.7% | 37.6% | 44.6% | 37.2% | 30.9% | 28.8% | 14.3% |
| Total Operating Cost | 3.1B | 2.9B | 2.3B | 2.5B | 1.7B | 1.0B | 551.0M | 343.0M | 223.0M | 189.0M | 164.0M | 114.0M | 35.8M |
| Selling Expenses | 210.0M | 203.0M | 168.0M | 197.0M | 274.0M | 133.0M | 78.5M | 49.2M | 36.3M | 20.0M | 11.5M | 7.5M | 3.8M |
| Admin Expenses | 153.0M | 112.0M | 136.0M | 117.0M | 74.8M | 54.8M | 32.3M | 20.2M | 26.7M | 25.8M | 21.6M | 15.3M | 9.5M |
| Rd Expenses | 140.0M | 163.0M | 131.0M | 139.0M | 106.0M | 50.3M | 22.2M | 12.6M | -- | -- | -- | -- | -- |
| Finance Expenses | 60.6M | 36.4M | 22.9M | 18.2M | 26.3M | 21.0M | 8.9M | 8.0M | 4.1M | 2.0M | 4.1M | 4.8M | 2.7M |
| Operating Income | -651.0M | -1.5M | -186.0M | 77.9M | 318.0M | 159.0M | 76.2M | 52.5M | 45.8M | 29.2M | 16.8M | 4.7M | -13.3M |
| Operating Margin % | -27.4% | -0.1% | -8.7% | 3.0% | 15.8% | 13.6% | 12.3% | 13.3% | 17.0% | 13.4% | 9.3% | 4.0% | -58.9% |
| Non Operating Income | 438,500 | 150,900 | 175,600 | 18,900 | 23,800 | 20,200 | 164,000 | 72,200 | 2.0M | 4.2M | 2.3M | 2.2M | 187,000 |
| Non Operating Expenses | 1.2M | 1.7M | 3.0M | 1.8M | 2.3M | 1.1M | 1.4M | 57,500 | 709,600 | 191,600 | 38,500 | 11,600 | -- |
| Investment Income | -7.3M | 3.1M | -453,600 | -4.2M | 57,200 | -300,700 | 414,200 | -- | -- | -- | -- | -- | -- |
| Fair Value Change Income | -1.6M | -- | -- | -- | 645,000 | -645,000 | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 922,200 | 247,800 | -110,300 | -73,600 | -1,200 | -- | 7,800 | -- | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 106.0M | 6.1M | 30.1M | 4.4M | -- | -- | 13.0M | 3.2M | 5.1M | 2.8M | 707,800 | 2.0M | 561,400 |
| Other Income | 53.2M | 56.6M | 28.4M | 36.4M | 8.4M | 3.8M | 7.2M | 1.1M | -- | -- | -- | -- | -- |
| Income Before Tax | -652.0M | -3.1M | -189.0M | 76.1M | 316.0M | 158.0M | 75.0M | 52.5M | 47.0M | 33.2M | 19.1M | 6.9M | -13.1M |
| Income Tax | -107.0M | -31.6M | -27.8M | 4.8M | 37.3M | 22.1M | 9.8M | 7.9M | 6.8M | 4.7M | 1.5M | -- | -- |
| Net Income | -545.0M | 28.5M | -161.0M | 71.3M | 279.0M | 135.0M | 65.1M | 44.6M | 40.2M | 28.5M | 17.7M | 6.9M | -13.1M |
| Net Margin % | -22.9% | 1.0% | -7.6% | 2.8% | 13.9% | 11.6% | 10.5% | 11.3% | 15.0% | 13.1% | 9.8% | 5.9% | -58.1% |
| Net Income Attributable | -539.0M | 22.6M | -159.0M | 71.9M | 279.0M | 135.0M | 65.1M | 44.6M | 40.2M | 28.5M | 17.7M | 6.9M | -13.1M |
| Minority Interest | -6.3M | 5.8M | -2.2M | -609,800 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Eps Basic | -1.45 | 0.06 | -0.42 | 0.20 | 0.91 | 0.93 | 0.45 | 0.43 | 0.75 | 0.55 | 0.38 | 0.16 | -0.41 |
| Eps Diluted | -1.45 | 0.06 | -0.42 | 0.20 | 0.91 | 0.93 | 0.45 | 0.43 | 0.75 | 0.55 | 0.38 | -- | -- |
| 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 | 681.0M | 1.8B | 1.6B | 1.5B | 625.0M | 822.0M | 255.0M | 251.0M | 52.5M | 15.5M | 29.8M | 16.0M | 16.5M |
| Accounts Receivable | 1.7B | 2.0B | 1.7B | 1.7B | 863.0M | 607.0M | 311.0M | 171.0M | 130.0M | 86.7M | 55.1M | 47.7M | 11.1M |
| Notes Receivable | 3.0M | 27.3M | 253.0M | 338.0M | 688.0M | -- | 25.7M | 8.7M | 2.9M | 2.1M | 800,000 | 540,000 | 120,000 |
| Notes And Accounts Receivable | 1.7B | 2.1B | 1.9B | 2.0B | 1.6B | 607.0M | 337.0M | 180.0M | 133.0M | 88.8M | 55.9M | 48.2M | 11.2M |
| Prepayments | 52.9M | 74.3M | 68.6M | 69.5M | 61.3M | 19.8M | 12.3M | 8.5M | 5.9M | 5.4M | 1.2M | 432,000 | 4.0M |
| Inventory | 112.0M | 133.0M | 143.0M | 229.0M | 165.0M | 127.0M | 80.6M | 41.3M | 27.0M | 18.4M | 16.0M | 13.3M | 9.9M |
| Total Current Assets | 2.9B | 4.4B | 4.2B | 4.3B | 2.6B | 1.6B | 701.0M | 494.0M | 224.0M | 130.0M | 104.0M | 78.3M | 46.4M |
| Long Term Equity Investment | 8.7M | 8.7M | 8.7M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 1.5B | 1.0B | 834.0M | 478.0M | 148.0M | 135.0M | 141.0M | 51.6M | 50.3M | 53.7M | 57.0M | 56.8M |
| Fixed Assets Total | 1.3B | 1.5B | 1.0B | 834.0M | 478.0M | 148.0M | 135.0M | 141.0M | 51.6M | 50.3M | 53.7M | 57.0M | 56.8M |
| Construction In Progress | -- | 22.3M | 344.0M | 139.0M | 241.0M | 146.0M | 3.5M | -- | 33.0M | 1.3M | -- | 564,300 | 756,900 |
| Construction In Progress Total | 4.2M | 22.3M | 344.0M | 139.0M | 241.0M | 146.0M | 3.5M | -- | 33.0M | 1.3M | -- | 564,300 | 756,900 |
| Intangible Assets | 141.0M | 144.0M | 149.0M | 154.0M | 128.0M | 61.5M | 26.6M | 27.2M | 27.8M | 28.3M | 12.0M | 12.3M | 12.6M |
| Long Term Deferred Expenses | 3.9M | 4.6M | 213,800 | 316,900 | 587,200 | 986,800 | 1.1M | 757,300 | 979,000 | -- | -- | -- | -- |
| Total Non Current Assets | 2.2B | 2.1B | 1.9B | 1.3B | 925.0M | 428.0M | 209.0M | 172.0M | 131.0M | 80.9M | 66.7M | 70.2M | 70.3M |
| Total Assets | 5.1B | 6.5B | 6.1B | 5.6B | 3.5B | 2.0B | 910.0M | 666.0M | 355.0M | 211.0M | 171.0M | 148.0M | 117.0M |
| Short Term Borrowings | 882.0M | 1.1B | 1.2B | 696.0M | 688.0M | 513.0M | 259.0M | 189.0M | 124.0M | 47.0M | 12.1M | 16.0M | 5.0M |
| Accounts Payable | 642.0M | 782.0M | 645.0M | 494.0M | 565.0M | 152.0M | 80.9M | 49.6M | 26.1M | 26.8M | 28.3M | 26.1M | 19.5M |
| Advance Receipts | -- | -- | -- | -- | -- | 30.9M | 11.7M | 7.6M | 4.1M | 3.8M | 3.3M | 934,800 | 399,000 |
| Contract Liabilities | 175.0M | 86.3M | 104.0M | 88.0M | 76.7M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 2.4B | 2.9B | 2.7B | 2.1B | 1.9B | 917.0M | 475.0M | 281.0M | 202.0M | 97.6M | 71.8M | 68.2M | 29.1M |
| Long Term Borrowings | 861.0M | 1.2B | 1.1B | 604.0M | 210.0M | 71.7M | -- | -- | -- | -- | 30.0M | 45.0M | 60.0M |
| Total Non Current Liabilities | 914.0M | 1.2B | 1.1B | 669.0M | 224.0M | 74.1M | 2.2M | 2.5M | 513,900 | 599,600 | 30.7M | 45.8M | 60.0M |
| Total Liabilities | 3.3B | 4.1B | 3.8B | 2.8B | 2.1B | 991.0M | 477.0M | 284.0M | 203.0M | 98.2M | 102.0M | 114.0M | 89.1M |
| Paid In Capital | 378.0M | 385.0M | 385.0M | 390.0M | 171.0M | 171.0M | 132.0M | 72.0M | 54.0M | 54.0M | 50.0M | 42.0M | 42.0M |
| Capital Reserve | 1.9B | 2.0B | 1.9B | 2.0B | 621.0M | 613.0M | 160.0M | 195.0M | 20.0M | 20.0M | 8.0M | -- | -- |
| Surplus Reserve | 74.2M | 74.2M | 67.0M | 67.0M | 59.8M | 32.1M | 19.8M | 13.1M | 8.1M | 3.9M | 1.0M | -- | -- |
| Retained Earnings | -499.0M | 87.6M | 72.2M | 459.0M | 497.0M | 263.0M | 146.0M | 102.0M | 70.7M | 34.7M | 9.1M | -7.6M | -14.5M |
| Minority Equity | 9.8M | 8.2M | 2.4M | 2.3M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 1.8B | 2.4B | 2.4B | 2.8B | 1.3B | 1.1B | 433.0M | 382.0M | 153.0M | 113.0M | 68.1M | 34.4M | 27.5M |
| Total Equity | 1.8B | 2.4B | 2.4B | 2.8B | 1.3B | 1.1B | 433.0M | 382.0M | 153.0M | 113.0M | 68.1M | 34.4M | 27.5M |
| 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 | 2.4B | 2.8B | 2.2B | 1.6B | 1.3B | 830.0M | 471.0M | 336.0M | 237.0M | 204.0M | 187.0M | 87.7M | 12.0M |
| Tax Refunds Received | 2.1M | 2.7M | 46.8M | 23.6M | 14.7M | 258,000 | 606,800 | 296,800 | 31,900 | 28,900 | -- | -- | -- |
| Total Operating Cash Inflow | 2.5B | 2.9B | 2.3B | 1.7B | 1.4B | 838.0M | 482.0M | 341.0M | 240.0M | 209.0M | 190.0M | 90.3M | 12.6M |
| Cash Paid For Goods | 2.1B | 2.2B | 1.8B | 1.5B | 1.0B | 641.0M | 343.0M | 230.0M | 151.0M | 128.0M | 122.0M | 76.0M | 25.0M |
| Cash Paid To Employees | 249.0M | 234.0M | 213.0M | 205.0M | 137.0M | 101.0M | 69.6M | 46.9M | 34.8M | 23.0M | 16.6M | 10.6M | 4.7M |
| Taxes Paid | 74.8M | 86.9M | 106.0M | 120.0M | 110.0M | 54.9M | 36.3M | 30.8M | 26.8M | 18.8M | 12.8M | 1.7M | 123,900 |
| Total Operating Cash Outflow | 2.6B | 2.7B | 2.3B | 2.0B | 1.5B | 885.0M | 506.0M | 340.0M | 240.0M | 191.0M | 167.0M | 98.0M | 37.4M |
| Operating Cash Flow | -140.0M | 192.0M | 46.4M | -339.0M | -111.0M | -46.5M | -24.1M | 710,400 | 338,600 | 17.8M | 23.7M | -7.7M | -24.7M |
| Total Investing Cash Inflow | 1.1B | 296.0M | 264.0M | 416.0M | 111.0M | 3.9M | 60.4M | -- | -- | -- | 4.5M | 856,500 | -- |
| Total Investing Cash Outflow | 370.0M | 476.0M | 909.0M | 1.8B | 543.0M | 205.0M | 117.0M | 31.4M | 50.6M | 21.4M | 9.3M | 7.4M | 14.9M |
| Investing Cash Flow | 683.0M | -181.0M | -645.0M | -1.4B | -432.0M | -201.0M | -56.3M | -31.4M | -50.6M | -21.4M | -4.8M | -6.6M | -14.9M |
| Cash From Borrowings | 1.9B | 2.2B | 2.8B | 2.0B | 1.1B | 709.0M | 295.0M | 309.0M | 139.0M | 59.5M | 12.1M | 27.0M | 85.0M |
| Dividends And Interest Paid | 127.0M | 85.1M | 300.0M | 159.0M | 44.1M | 20.9M | 22.5M | 15.7M | 4.2M | 2.5M | 4.5M | 4.8M | 1.9M |
| Debt Repayments | 2.5B | 2.0B | 1.7B | 1.6B | 745.0M | 371.0M | 225.0M | 244.0M | 62.0M | 69.6M | 31.0M | 16.0M | 25.0M |
| Total Financing Cash Inflow | 2.0B | 2.4B | 2.9B | 3.6B | 1.1B | 1.2B | 319.0M | 517.0M | 139.0M | 85.5M | 28.1M | 42.4M | 133.0M |
| Total Financing Cash Outflow | 2.8B | 2.2B | 2.2B | 2.0B | 868.0M | 423.0M | 248.0M | 274.0M | 66.7M | 84.5M | 35.5M | 38.9M | 78.9M |
| Financing Cash Flow | -876.0M | 211.0M | 672.0M | 1.6B | 235.0M | 777.0M | 71.5M | 243.0M | 72.3M | 1.0M | -7.4M | 3.5M | 53.8M |
| Net Change In Cash | -333.0M | 224.0M | 77.8M | -123.0M | -312.0M | 529.0M | -8.6M | 212.0M | 22.2M | -2.5M | 11.5M | -10.8M | 14.1M |
| Ending Cash Balance | 302.0M | 635.0M | 411.0M | 333.0M | 456.0M | 768.0M | 239.0M | 247.0M | 35.0M | 12.8M | 15.2M | 3.7M | 14.5M |
| Capex | 190.0M | 285.0M | 605.0M | 347.0M | 383.0M | 205.0M | 56.7M | 31.4M | 50.6M | 21.4M | 5.3M | 7.4M | 14.9M |