Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Dec 31, 2025 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 12.2B | 7.4B | 4.7B | 3.1B | 3.0B | 2.2B | 1.6B | 1.2B | 1.2B | 839.0M |
| Revenue Growth % | 65.1% | 59.1% | 48.0% | 6.4% | 31.6% | 44.5% | 32.1% | 2.2% | 37.4% | -- |
| Total Revenue | 12.2B | 7.4B | 4.7B | 3.1B | 3.0B | 2.2B | 1.6B | 1.2B | 1.2B | 839.0M |
| Cost Of Revenue | 9.9B | 6.1B | 4.0B | 2.8B | 2.6B | 2.0B | 1.3B | 1.0B | 996.0M | 723.0M |
| Gross Profit | 2.4B | 1.3B | 631.0M | 352.0M | 342.0M | 260.0M | 231.0M | 168.0M | 157.0M | 116.0M |
| Gross Margin % | 19.2% | 17.4% | 13.5% | 11.2% | 11.6% | 11.6% | 14.8% | 14.3% | 13.6% | 13.8% |
| Total Operating Cost | 11.0B | 6.6B | 4.3B | 3.0B | 2.9B | 2.2B | 1.5B | 1.1B | 1.1B | 803.0M |
| Selling Expenses | 60.6M | 32.1M | 17.9M | 11.9M | 17.1M | 10.7M | 12.1M | 10.7M | 11.4M | 8.4M |
| Admin Expenses | 146.0M | 134.0M | 89.3M | 68.5M | 63.9M | 39.0M | 35.2M | 34.6M | 27.0M | 27.4M |
| Rd Expenses | 423.0M | 241.0M | 156.0M | 103.0M | 102.0M | 70.8M | 56.5M | 47.2M | 44.6M | 27.3M |
| Finance Expenses | 317.0M | -8.9M | 416,200 | 1.9M | 27.8M | 37.0M | 13.8M | 7.6M | 8.3M | 10.2M |
| Operating Income | 1.2B | 787.0M | 316.0M | 140.0M | 128.0M | 96.6M | 108.0M | 66.9M | 48.3M | 36.1M |
| Operating Margin % | 10.2% | 10.6% | 6.8% | 4.4% | 4.3% | 4.3% | 6.9% | 5.7% | 4.2% | 4.3% |
| Non Operating Income | 20.6M | 285,800 | 1.5M | 981,800 | 3.0M | 15.3M | 1.3M | 8.8M | 1.2M | 2.3M |
| Non Operating Expenses | 496,400 | 2.1M | 522,000 | 1.3M | 1.6M | 3.1M | 2.6M | 1.4M | 45,700 | 2.2M |
| Investment Income | 5.3M | -10.2M | -12.3M | -6.0M | 5.6M | 1.7M | 715.06 | 460,600 | -- | -- |
| Fair Value Change Income | -1.6M | -570,900 | 1.1M | -204,300 | -654,900 | 52,400 | -- | -- | -- | -- |
| Asset Disposal Income | -439,800 | -73,800 | -1.5M | 638,800 | 16,800 | 3.2M | 2.1M | 6,400 | -53,900 | -13,700 |
| Asset Impairment Loss | 78.4M | 53.1M | 30.4M | 31.0M | 9.6M | 17.6M | 15.1M | 6.2M | 16.0M | 4.6M |
| Other Income | 31.7M | 35.5M | 18.9M | 24.8M | 23.6M | 16.0M | 12.8M | 8.3M | 950,600 | -- |
| Income Before Tax | 1.3B | 785.0M | 317.0M | 140.0M | 129.0M | 109.0M | 107.0M | 74.4M | 49.4M | 36.2M |
| Income Tax | 113.0M | 98.3M | 30.6M | 9.2M | 5.6M | 8.6M | 11.6M | 6.5M | 3.4M | 6.4M |
| Net Income | 1.2B | 687.0M | 286.0M | 131.0M | 124.0M | 100.0M | 95.3M | 67.9M | 46.0M | 29.8M |
| Net Margin % | 9.4% | 9.3% | 6.1% | 4.2% | 4.2% | 4.4% | 6.1% | 5.8% | 4.0% | 3.6% |
| Net Income Attributable | 1.2B | 692.0M | 287.0M | 131.0M | 126.0M | 100.0M | 95.3M | 67.9M | 46.0M | 29.8M |
| Minority Interest | -12.8M | -4.7M | -1.1M | -20,300 | -2.5M | -- | -- | -- | -- | -- |
| Eps Basic | 3.38 | 2.02 | 1.23 | 0.63 | 0.61 | 0.57 | 0.62 | 0.46 | 0.36 | 0.29 |
| Eps Diluted | 3.38 | 2.02 | 1.23 | 0.63 | 0.61 | 0.57 | 0.62 | 0.46 | 0.36 | 0.29 |
| Line Item | FY 2025Dec 31, 2025 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 2.4B | 1.5B | 1.8B | 552.0M | 472.0M | 536.0M | 127.0M | 85.3M | 59.3M | 88.3M |
| Trading Financial Assets | -- | 50.0M | 755,700 | -- | 188,700 | 29.1M | -- | -- | -- | -- |
| Accounts Receivable | 2.5B | 1.4B | 914.0M | 685.0M | 673.0M | 485.0M | 435.0M | 407.0M | 439.0M | 237.0M |
| Notes Receivable | 80.8M | -- | -- | 877,000 | 50,000 | -- | 424,400 | 999,500 | -- | 210,800 |
| Notes And Accounts Receivable | 2.6B | 1.4B | 914.0M | 686.0M | 673.0M | 485.0M | 435.0M | 408.0M | 439.0M | 237.0M |
| Prepayments | 339.0M | 176.0M | 44.2M | 43.1M | 27.6M | 4.6M | 6.2M | 18.4M | 33.7M | 10.3M |
| Inventory | 2.9B | 1.9B | 1.3B | 830.0M | 641.0M | 491.0M | 301.0M | 239.0M | 178.0M | 83.2M |
| Total Current Assets | 10.1B | 5.8B | 4.4B | 2.3B | 2.0B | 1.7B | 911.0M | 755.0M | 715.0M | 444.0M |
| Long Term Equity Investment | 71.4M | 71.4M | 94.3M | 65.1M | -- | -- | -- | -- | -- | -- |
| Fixed Assets | 9.3B | 557.0M | 382.0M | 367.0M | 355.0M | 288.0M | 218.0M | 83.0M | 83.4M | -- |
| Fixed Assets Total | 9.3B | 557.0M | 382.0M | 367.0M | 355.0M | 288.0M | 218.0M | 83.0M | 83.4M | 54.0M |
| Construction In Progress | 2.5B | 160.0M | 43.7M | 10.6M | 6.0M | 13.9M | 55.6M | 63.4M | -- | -- |
| Construction In Progress Total | 3.3B | 160.0M | 43.7M | 10.6M | 6.0M | 13.9M | 55.6M | 63.4M | -- | 1.3M |
| Intangible Assets | 44.9M | 46.7M | 27.0M | 23.4M | 21.7M | 16.7M | 16.8M | 2.7M | 5.9M | 9.1M |
| Long Term Deferred Expenses | 21.0M | 24.7M | 18.1M | 12.6M | 15.7M | 2.6M | 2.2M | 4.6M | 6.8M | 9.1M |
| Total Non Current Assets | 13.7B | 1.5B | 739.0M | 563.0M | 510.0M | 350.0M | 304.0M | 169.0M | 111.0M | 88.8M |
| Total Assets | 23.8B | 7.3B | 5.1B | 2.8B | 2.5B | 2.0B | 1.2B | 924.0M | 826.0M | 533.0M |
| Short Term Borrowings | 4.3B | 1.3B | 859.0M | 410.0M | 321.0M | 280.0M | 85.1M | 121.0M | 65.5M | 79.8M |
| Accounts Payable | 1.5B | 734.0M | 549.0M | 417.0M | 404.0M | 379.0M | 274.0M | 191.0M | 296.0M | 124.0M |
| Advance Receipts | -- | -- | -- | -- | -- | -- | 8.2M | 3.5M | 4.5M | 3.5M |
| Contract Liabilities | 200.0M | 21.0M | 13.9M | 7.5M | 5.8M | 5.1M | -- | -- | -- | -- |
| Total Current Liabilities | 10.9B | 3.3B | 2.6B | 1.3B | 1.1B | 781.0M | 427.0M | 360.0M | 424.0M | 247.0M |
| Long Term Borrowings | 7.5B | 410.0M | 19.7M | 11.2M | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 8.5B | 721.0M | 100.0M | 99.0M | 78.4M | 46.4M | 147.0M | 18.4M | 4.1M | -- |
| Total Liabilities | 19.4B | 4.1B | 2.7B | 1.4B | 1.2B | 827.0M | 574.0M | 378.0M | 429.0M | 247.0M |
| Paid In Capital | 346.0M | 245.0M | 244.0M | 207.0M | 207.0M | 207.0M | 155.0M | 155.0M | 140.0M | 126.0M |
| Capital Reserve | 1.4B | 1.5B | 1.3B | 647.0M | 640.0M | 635.0M | 253.0M | 253.0M | 188.0M | 137.0M |
| Surplus Reserve | 102.0M | 48.7M | 34.6M | 18.9M | 10.9M | 6.2M | 4.8M | 3.3M | 2.8M | 1.9M |
| Retained Earnings | 2.5B | 1.5B | 804.0M | 547.0M | 438.0M | 327.0M | 228.0M | 135.0M | 67.2M | 22.1M |
| Minority Equity | 16.1M | 25.4M | 5.8M | 7.0M | 2.1M | -- | -- | -- | -- | -- |
| Equity Attributable | 4.4B | 3.2B | 2.4B | 1.4B | 1.3B | 1.2B | 641.0M | 545.0M | 398.0M | 286.0M |
| Total Equity | 4.4B | 3.2B | 2.4B | 1.4B | 1.3B | 1.2B | 641.0M | 545.0M | 398.0M | 286.0M |
| Line Item | FY 2025Dec 31, 2025 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 13.2B | 7.1B | 5.2B | 3.6B | 2.9B | 2.4B | 1.7B | 1.4B | 1.0B | 962.0M |
| Tax Refunds Received | 338.0M | 321.0M | 149.0M | 183.0M | 211.0M | 71.5M | 29.1M | 2.3M | 31.0M | 25.7M |
| Total Operating Cash Inflow | 13.6B | 8.0B | 5.5B | 3.8B | 3.2B | 2.5B | 1.7B | 1.4B | 1.1B | 993.0M |
| Cash Paid For Goods | 11.5B | 7.4B | 4.6B | 3.4B | 2.7B | 2.2B | 1.4B | 1.2B | 920.0M | 810.0M |
| Cash Paid To Employees | 289.0M | 272.0M | 256.0M | 214.0M | 220.0M | 163.0M | 115.0M | 111.0M | 84.4M | 56.6M |
| Taxes Paid | 193.0M | 85.3M | 54.9M | 53.6M | 61.3M | 29.9M | 38.1M | 40.7M | 21.7M | 23.0M |
| Total Operating Cash Outflow | 12.5B | 7.9B | 5.6B | 3.7B | 3.1B | 2.4B | 1.6B | 1.5B | 1.1B | 924.0M |
| Operating Cash Flow | 1.1B | 99.0M | -96.7M | 104.0M | 93.4M | 28.6M | 122.0M | -35.5M | -31.6M | 69.7M |
| Total Investing Cash Inflow | 59.3M | 107.0M | 109.0M | 86.9M | 505.0M | 314.0M | 4.9M | 116.0M | 3.2M | 55.4M |
| Total Investing Cash Outflow | 13.7B | 896.0M | 301.0M | 213.0M | 653.0M | 528.0M | 63.1M | 205.0M | 43.5M | 80.5M |
| Investing Cash Flow | -13.7B | -790.0M | -192.0M | -126.0M | -148.0M | -215.0M | -58.2M | -88.9M | -40.3M | -25.2M |
| Cash From Borrowings | 16.6B | 2.4B | 851.0M | 577.0M | 417.0M | 433.0M | 99.0M | 107.0M | 65.7M | 54.6M |
| Dividends And Interest Paid | 319.0M | 76.3M | 34.7M | 36.4M | 20.8M | 9.1M | 7.4M | 6.6M | 7.3M | 9.7M |
| Debt Repayments | 4.3B | 1.4B | 459.0M | 428.0M | 377.0M | 239.0M | 134.0M | 52.0M | 80.0M | 135.0M |
| Total Financing Cash Inflow | 19.3B | 2.4B | 1.6B | 689.0M | 485.0M | 890.0M | 160.0M | 197.0M | 141.0M | 194.0M |
| Total Financing Cash Outflow | 5.8B | 1.7B | 521.0M | 576.0M | 514.0M | 309.0M | 161.0M | 67.7M | 104.0M | 163.0M |
| Financing Cash Flow | 13.6B | 704.0M | 1.0B | 113.0M | -29.0M | 581.0M | -985,000 | 129.0M | 37.3M | 30.7M |
| Net Change In Cash | 1.0B | 30.8M | 770.0M | 101.0M | -88.4M | 389.0M | 63.5M | 4.7M | -35.1M | 75.4M |
| Ending Cash Balance | 2.4B | 1.3B | 1.3B | 523.0M | 421.0M | 510.0M | 120.0M | 56.9M | 52.2M | 87.3M |
| Capex | 13.7B | 750.0M | 149.0M | 74.4M | 152.0M | 195.0M | 63.1M | 105.0M | 43.5M | 49.5M |