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 | 577.0M | 738.0M | 406.0M | 504.0M | 383.0M | 625.0M | 520.0M | 498.0M | 489.0M | 496.0M | 348.0M | 282.0M | 194.0M |
| Revenue Growth % | -21.8% | 81.8% | -19.4% | 31.6% | -38.7% | 20.2% | 4.4% | 1.8% | -1.4% | 42.5% | 23.4% | 45.4% | -- |
| Total Revenue | 577.0M | 738.0M | 406.0M | 504.0M | 383.0M | 625.0M | 520.0M | 498.0M | 489.0M | 496.0M | 348.0M | 282.0M | 194.0M |
| Cost Of Revenue | 398.0M | 483.0M | 256.0M | 312.0M | 235.0M | 277.0M | 242.0M | 213.0M | 207.0M | 242.0M | 165.0M | 172.0M | 123.0M |
| Gross Profit | 179.0M | 255.0M | 150.0M | 192.0M | 148.0M | 348.0M | 278.0M | 285.0M | 282.0M | 254.0M | 183.0M | 110.0M | 71.0M |
| Gross Margin % | 31.0% | 34.6% | 36.9% | 38.1% | 38.6% | 55.7% | 53.5% | 57.2% | 57.7% | 51.2% | 52.6% | 39.0% | 36.6% |
| Total Operating Cost | 585.0M | 706.0M | 446.0M | 473.0M | 426.0M | 519.0M | 413.0M | 381.0M | 393.0M | 397.0M | 273.0M | 240.0M | 175.0M |
| Selling Expenses | 28.4M | 24.1M | 21.9M | 24.3M | 16.5M | 29.4M | 23.5M | 25.0M | 29.2M | 26.1M | 21.7M | 15.9M | 11.4M |
| Admin Expenses | 104.0M | 107.0M | 105.0M | 94.9M | 78.0M | 82.8M | 67.7M | 56.2M | 52.9M | 47.3M | 78.9M | 46.7M | 36.5M |
| Rd Expenses | 27.1M | 29.4M | 34.4M | 36.0M | 55.9M | 126.0M | 71.3M | 66.3M | 90.7M | 51.9M | -- | -- | -- |
| Finance Expenses | -2.3M | -3.7M | -7.3M | -16.4M | -20.1M | -15.4M | -4.1M | -2.2M | -1.6M | -1.5M | -2.3M | -1.3M | -151,200 |
| Operating Income | -2.7M | 42.5M | -30.2M | 39.4M | -25.2M | 131.0M | 114.0M | 119.0M | 97.5M | 98.4M | 74.9M | 42.3M | 19.3M |
| Operating Margin % | -0.5% | 5.8% | -7.4% | 7.8% | -6.6% | 21.0% | 21.9% | 23.9% | 19.9% | 19.8% | 21.5% | 15.0% | 9.9% |
| Non Operating Income | 1.7M | 4.5M | 3.4M | 1.4M | 2.4M | 112,200 | 146,900 | 124,200 | 5.1M | 16.0M | 908,200 | 795,400 | 129,200 |
| Non Operating Expenses | 1.3M | 3.4M | 1.7M | 358,300 | 210,100 | 1.4M | 950,400 | 788,700 | 301,200 | 99,400 | 225,000 | 131,900 | 163,700 |
| Investment Income | 2.4M | 3.0M | 3.6M | 6.8M | 12.5M | 10.4M | 1.5M | 1.2M | 948,800 | 191,000 | -- | -- | -- |
| Asset Disposal Income | 65,600 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 9.8M | 33.8M | 19.9M | 5.7M | 8.3M | 4.3M | 2.9M | 15.8M | 6.8M | 24.2M | 2.7M | 2.5M | 1.7M |
| Other Income | 2.8M | 7.5M | 6.6M | 1.9M | 5.3M | 14.3M | 4.7M | 1.1M | -- | -- | -- | -- | -- |
| Income Before Tax | -2.3M | 43.6M | -28.4M | 40.5M | -23.0M | 130.0M | 113.0M | 118.0M | 102.0M | 114.0M | 75.6M | 43.0M | 19.2M |
| Income Tax | -6.7M | -2.3M | -4.2M | 7.0M | -2.8M | 20.2M | 14.8M | 16.1M | 14.1M | 14.3M | 8.4M | 6.2M | 1.6M |
| Net Income | 4.5M | 45.9M | -24.2M | 33.5M | -20.2M | 110.0M | 98.0M | 102.0M | 88.2M | 100.0M | 67.1M | 36.8M | 17.6M |
| Net Margin % | 0.8% | 6.2% | -6.0% | 6.6% | -5.3% | 17.6% | 18.9% | 20.5% | 18.0% | 20.2% | 19.3% | 13.0% | 9.1% |
| Net Income Attributable | 7.4M | 46.2M | -24.6M | 34.6M | -20.2M | 110.0M | 98.0M | 102.0M | 88.2M | 100.0M | 67.1M | 36.8M | 17.6M |
| Minority Interest | -2.9M | -246,700 | 384,000 | -1.2M | -- | -- | -- | -- | -- | -- | -- | -2,400 | -- |
| Eps Basic | 0.05 | 0.31 | -0.17 | 0.34 | -0.20 | 1.08 | 1.82 | 3.41 | 2.94 | 3.33 | 2.24 | 2.54 | 1.04 |
| Eps Diluted | 0.05 | 0.31 | -0.17 | 0.34 | -0.20 | 1.08 | 1.82 | 3.41 | 2.94 | 3.33 | 2.24 | 2.54 | 1.04 |
| 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 | 748.0M | 614.0M | 593.0M | 675.0M | 693.0M | 517.0M | 895.0M | 331.0M | 269.0M | 217.0M | 190.0M | 211.0M | 114.0M |
| Trading Financial Assets | 140.0M | 215.0M | 79.2M | 40.0M | 270.0M | 350.0M | -- | -- | -- | -- | -- | -- | 10.0M |
| Accounts Receivable | 130.0M | 149.0M | 108.0M | 136.0M | 85.9M | 158.0M | 139.0M | 109.0M | 88.8M | -- | 80.8M | 46.0M | 34.1M |
| Notes Receivable | 13.2M | 13.1M | 4.3M | 14.5M | 12.7M | 14.5M | 12.5M | 7.8M | 3.2M | -- | 1.3M | 3.0M | -- |
| Notes And Accounts Receivable | 143.0M | 162.0M | 112.0M | 151.0M | 98.6M | 172.0M | 151.0M | 117.0M | 92.0M | 86.1M | 82.1M | 49.0M | 34.1M |
| Prepayments | 35.8M | 38.8M | 37.0M | 61.7M | 36.4M | 32.2M | 66.4M | 30.9M | 28.1M | 21.6M | 10.7M | 12.4M | 10.7M |
| Inventory | 302.0M | 352.0M | 538.0M | 441.0M | 342.0M | 350.0M | 342.0M | 241.0M | 225.0M | 204.0M | 235.0M | 173.0M | 132.0M |
| Total Current Assets | 1.4B | 1.4B | 1.4B | 1.4B | 1.5B | 1.4B | 1.5B | 777.0M | 678.0M | 574.0M | 527.0M | 450.0M | 303.0M |
| Long Term Equity Investment | 52.2M | 62.2M | 59.6M | 59.8M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 208.0M | 214.0M | 223.0M | 231.0M | 181.0M | 173.0M | 154.0M | 157.0M | -- | 107.0M | 102.0M | 6.8M |
| Fixed Assets Total | 223.0M | 208.0M | 214.0M | 223.0M | 231.0M | 181.0M | 173.0M | 154.0M | 157.0M | 133.0M | 107.0M | 102.0M | 6.8M |
| Construction In Progress | -- | 204.0M | 101.0M | 16.2M | 4.8M | 26.5M | 5.1M | 19.8M | 16.6M | -- | 38.6M | 4.8M | 527,000 |
| Construction In Progress Total | 362.0M | 204.0M | 101.0M | 16.2M | 4.8M | 26.5M | 5.1M | 19.8M | 16.6M | 36.7M | 38.6M | 4.8M | 527,000 |
| Intangible Assets | 117.0M | 123.0M | 128.0M | 133.0M | 53.4M | 38.1M | 38.6M | 39.7M | 40.2M | 41.4M | 42.3M | 20.3M | 10.9M |
| Long Term Deferred Expenses | 38.3M | 14.4M | 2.1M | 3.0M | 2.0M | 2.3M | 2.3M | 1.3M | 821,500 | 1.3M | 1.9M | 1.0M | -- |
| Total Non Current Assets | 912.0M | 672.0M | 556.0M | 475.0M | 336.0M | 269.0M | 232.0M | 233.0M | 231.0M | 217.0M | 191.0M | 129.0M | 18.6M |
| Total Assets | 2.4B | 2.1B | 1.9B | 1.9B | 1.8B | 1.7B | 1.7B | 1.0B | 910.0M | 791.0M | 717.0M | 578.0M | 322.0M |
| Short Term Borrowings | 49.9M | -- | -- | -- | 22.0M | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Payable | 141.0M | 59.4M | 41.0M | 54.7M | 50.5M | 34.7M | 39.6M | 42.6M | 41.1M | -- | 61.4M | 73.8M | 46.2M |
| Advance Receipts | -- | -- | -- | -- | -- | 572.0M | 660.0M | 508.0M | 519.0M | 499.0M | 516.0M | 407.0M | 247.0M |
| Contract Liabilities | 587.0M | 503.0M | 684.0M | 593.0M | 606.0M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 890.0M | 627.0M | 788.0M | 688.0M | 725.0M | 645.0M | 725.0M | 585.0M | 588.0M | 559.0M | 585.0M | 490.0M | 296.0M |
| Total Non Current Liabilities | 67.3M | 73.9M | 67.4M | 73.3M | 60.0M | 24,700 | 745,400 | 807,300 | 410,100 | 758,400 | 812,700 | 210,000 | -- |
| Total Liabilities | 958.0M | 701.0M | 855.0M | 761.0M | 785.0M | 646.0M | 726.0M | 585.0M | 588.0M | 560.0M | 586.0M | 490.0M | 296.0M |
| Paid In Capital | 158.0M | 158.0M | 142.0M | 102.0M | 102.0M | 72.9M | 40.0M | 30.0M | 30.0M | 30.0M | 30.0M | 17.7M | 10.0M |
| Capital Reserve | 655.0M | 655.0M | 404.0M | 450.0M | 458.0M | 483.0M | 495.0M | 54.3M | 54.3M | 54.3M | 54.3M | 17.1M | -- |
| Surplus Reserve | 39.6M | 37.7M | 37.3M | 37.3M | 31.5M | 31.5M | 20.0M | 15.0M | 15.0M | 14.9M | 4.8M | 5.3M | 1.6M |
| Retained Earnings | 521.0M | 532.0M | 486.0M | 515.0M | 437.0M | 481.0M | 415.0M | 322.0M | 220.0M | 131.0M | 41.5M | 47.4M | 14.3M |
| Minority Equity | 18.7M | 22.7M | 17.6M | 14.7M | -- | -- | -- | -- | -- | -- | -- | 7,600 | -- |
| Equity Attributable | 1.4B | 1.4B | 1.1B | 1.1B | 1.0B | 1.1B | 975.0M | 425.0M | 322.0M | 232.0M | 131.0M | 88.2M | 26.1M |
| Total Equity | 1.4B | 1.4B | 1.1B | 1.1B | 1.0B | 1.1B | 975.0M | 425.0M | 322.0M | 232.0M | 131.0M | 88.2M | 26.1M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 749.0M | 527.0M | 606.0M | 505.0M | 480.0M | 586.0M | 759.0M | 554.0M | 568.0M | 542.0M | 505.0M | 487.0M | 327.0M |
| Tax Refunds Received | -- | -- | -- | -- | -- | -- | 76,200 | 299,800 | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 777.0M | 567.0M | 642.0M | 542.0M | 518.0M | 627.0M | 802.0M | 560.0M | 581.0M | 564.0M | 510.0M | 490.0M | 328.0M |
| Cash Paid For Goods | 316.0M | 251.0M | 295.0M | 323.0M | 188.0M | 230.0M | 365.0M | 227.0M | 211.0M | 221.0M | 222.0M | 205.0M | 150.0M |
| Cash Paid To Employees | 202.0M | 160.0M | 184.0M | 170.0M | 119.0M | 151.0M | 129.0M | 109.0M | 103.0M | 82.1M | 79.7M | 31.6M | 23.5M |
| Taxes Paid | 34.0M | 51.6M | 29.6M | 53.7M | 40.3M | 58.7M | 94.7M | 59.0M | 74.1M | 73.5M | 73.5M | 37.2M | 26.8M |
| Total Operating Cash Outflow | 622.0M | 546.0M | 569.0M | 605.0M | 410.0M | 587.0M | 691.0M | 488.0M | 496.0M | 458.0M | 477.0M | 328.0M | 243.0M |
| Operating Cash Flow | 155.0M | 20.5M | 72.5M | -63.3M | 108.0M | 40.1M | 111.0M | 71.3M | 85.8M | 106.0M | 33.8M | 162.0M | 85.5M |
| Total Investing Cash Inflow | 663.0M | 498.0M | 645.0M | 930.0M | 1.8B | 1.2B | 407.0M | 251.0M | 161.0M | 270,600 | 64,000 | 10.0M | -- |
| Total Investing Cash Outflow | 730.0M | 766.0M | 783.0M | 859.0M | 1.8B | 1.6B | 371.0M | 263.0M | 187.0M | 75.5M | 76.8M | 99.2M | 4.7M |
| Investing Cash Flow | -66.6M | -269.0M | -139.0M | 71.0M | 12.4M | -393.0M | 36.4M | -11.6M | -26.4M | -75.3M | -76.7M | -89.2M | -4.7M |
| Cash From Borrowings | 71.1M | -- | -- | -- | 22.0M | -- | -- | -- | -- | -- | -- | -- | -- |
| Dividends And Interest Paid | 17.9M | 1.2M | 4.6M | 419,200 | 23.6M | 32.0M | -- | -- | -- | 7.3M | 19.2M | -- | -- |
| Debt Repayments | 21.2M | -- | -- | 22.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Financing Cash Inflow | 71.1M | 274.0M | 2.5M | -- | 82.0M | 17.1M | 450.0M | -- | -- | -- | -- | 22.0M | -- |
| Total Financing Cash Outflow | 42.5M | 8.0M | 15.7M | 29.6M | 24.6M | 32.0M | 0.00 | -- | -- | 7.3M | 19.2M | -- | -- |
| Financing Cash Flow | 28.5M | 266.0M | -13.2M | -29.6M | 57.4M | -14.9M | 450.0M | -- | -- | -7.3M | -19.2M | 22.0M | -- |
| Net Change In Cash | 118.0M | 18.8M | -79.3M | -21.9M | 178.0M | -368.0M | 598.0M | 59.7M | 59.4M | 23.7M | -62.1M | 94.8M | 80.8M |
| Ending Cash Balance | 724.0M | 606.0M | 587.0M | 667.0M | 688.0M | 511.0M | 879.0M | 281.0M | 221.0M | 162.0M | 138.0M | 200.0M | 105.0M |
| Capex | 152.0M | 133.0M | 103.0M | 112.0M | 80.3M | 53.7M | 20.9M | 12.8M | 17.3M | 35.5M | 76.8M | 99.2M | 4.7M |