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 |
|---|---|---|---|---|---|
| Revenue | 326.0M | 304.0M | 305.0M | 102.0M | 149.0M |
| Revenue Growth % | 7.2% | -0.3% | 199.0% | -31.5% | -- |
| Total Revenue | 326.0M | 304.0M | 305.0M | 102.0M | 149.0M |
| Cost Of Revenue | 172.0M | 135.0M | 122.0M | 74.5M | 82.3M |
| Gross Profit | 154.0M | 169.0M | 183.0M | 27.5M | 66.7M |
| Gross Margin % | 47.2% | 55.6% | 60.0% | 27.0% | 44.8% |
| Total Operating Cost | 247.0M | 204.0M | 185.0M | 112.0M | 120.0M |
| Selling Expenses | 5.7M | 3.7M | 1.4M | 934,000 | 1.4M |
| Admin Expenses | 61.6M | 61.2M | 61.8M | 33.0M | 35.0M |
| Finance Expenses | 3.4M | 708,900 | -4.0M | -2.4M | -1.5M |
| Operating Income | 89.6M | 109.0M | 129.0M | -7.8M | 32.0M |
| Operating Margin % | 27.5% | 35.9% | 42.3% | -7.7% | 21.5% |
| Non Operating Income | 840,300 | 305,100 | 312,000 | 423,500 | 213,300 |
| Non Operating Expenses | 2.4M | 1.2M | 993,600 | 191,700 | 3.5M |
| Investment Income | 8.4M | 7.3M | 6.6M | -586,200 | -337,900 |
| Fair Value Change Income | -- | -- | -- | -- | -- |
| Asset Disposal Income | -- | 616,500 | -- | 41,900 | 50,300 |
| Asset Impairment Loss | 284,400 | -- | 123,200 | 3.1M | 60,700 |
| Other Income | 1.9M | 1.6M | 1.9M | 2.0M | 3.0M |
| Income Before Tax | 88.1M | 108.0M | 128.0M | -7.6M | 28.7M |
| Income Tax | 16.9M | 21.7M | 20.8M | 1.9M | 1.8M |
| Net Income | 71.2M | 86.5M | 107.0M | -9.5M | 27.0M |
| Net Margin % | 21.8% | 28.5% | 35.1% | -9.3% | 18.1% |
| Net Income Attributable | 74.7M | 86.5M | 106.0M | -9.3M | 27.0M |
| Minority Interest | -3.5M | -20,800 | 1.4M | -209,900 | -400.00 |
| Eps Basic | 0.48 | 0.56 | 0.68 | -0.06 | 0.17 |
| Eps Diluted | 0.48 | 0.56 | 0.68 | -0.06 | 0.17 |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash And Equivalents | 300.0M | 281.0M | 312.0M | 233.0M | 259.0M |
| Trading Financial Assets | -- | -- | -- | -- | -- |
| Accounts Receivable | 2.9M | 2.0M | 3.1M | 5.6M | 1.8M |
| Notes And Accounts Receivable | 2.9M | 2.0M | 3.1M | 5.6M | 1.8M |
| Prepayments | 3.3M | 4.6M | 2.2M | 1.0M | 1.2M |
| Inventory | 3.3M | 2.7M | 1.2M | 1.1M | 1.0M |
| Total Current Assets | 333.0M | 312.0M | 323.0M | 243.0M | 268.0M |
| Long Term Equity Investment | 100.0M | 96.6M | 92.4M | 85.8M | 86.4M |
| Fixed Assets | 375.0M | 340.0M | 226.0M | 210.0M | 164.0M |
| Fixed Assets Total | 375.0M | 341.0M | 226.0M | 210.0M | 164.0M |
| Construction In Progress | 3.2M | 26.7M | 39,600 | -- | 3.1M |
| Construction In Progress Total | 3.2M | 26.7M | 39,600 | -- | 3.1M |
| Intangible Assets | 110.0M | 117.0M | 123.0M | 126.0M | 133.0M |
| Long Term Deferred Expenses | 122.0M | 106.0M | 20,600 | -- | -- |
| Total Non Current Assets | 792.0M | 779.0M | 459.0M | 440.0M | 466.0M |
| Total Assets | 1.1B | 1.1B | 782.0M | 683.0M | 734.0M |
| Short Term Borrowings | -- | -- | -- | -- | -- |
| Accounts Payable | 74.0M | 74.4M | 6.8M | 9.3M | 8.2M |
| Advance Receipts | 706,900 | 1.7M | 1.5M | 55,000 | 925,300 |
| Contract Liabilities | 1.0M | 1.0M | 935,600 | 294,800 | 170,300 |
| Total Current Liabilities | 156.0M | 122.0M | 32.9M | 52.9M | 28.6M |
| Long Term Borrowings | 90.3M | 107.0M | -- | -- | 50.1M |
| Total Non Current Liabilities | 170.0M | 192.0M | 20.1M | 16.9M | 68.9M |
| Total Liabilities | 325.0M | 313.0M | 53.0M | 69.9M | 97.5M |
| Paid In Capital | 155.0M | 155.0M | 155.0M | 155.0M | 155.0M |
| Capital Reserve | 293.0M | 297.0M | 297.0M | 297.0M | 297.0M |
| Surplus Reserve | 67.0M | 56.9M | 44.8M | 35.5M | 35.5M |
| Retained Earnings | 267.0M | 249.0M | 221.0M | 124.0M | 149.0M |
| Minority Equity | 18.6M | 19.3M | 11.7M | 1.4M | -227,200 |
| Equity Attributable | 782.0M | 758.0M | 718.0M | 612.0M | 637.0M |
| Total Equity | 800.0M | 777.0M | 729.0M | 613.0M | 636.0M |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash From Sales | 336.0M | 319.0M | 324.0M | 103.0M | 159.0M |
| Tax Refunds Received | 7.5M | -- | -- | -- | -- |
| Total Operating Cash Inflow | 360.0M | 332.0M | 337.0M | 112.0M | 168.0M |
| Cash Paid For Goods | 39.0M | 41.7M | 43.8M | 16.1M | 25.3M |
| Cash Paid To Employees | 121.0M | 112.0M | 83.6M | 58.6M | 50.3M |
| Taxes Paid | 33.6M | 36.8M | 41.9M | 7.3M | 10.3M |
| Total Operating Cash Outflow | 228.0M | 216.0M | 186.0M | 91.9M | 102.0M |
| Operating Cash Flow | 132.0M | 116.0M | 150.0M | 20.4M | 66.4M |
| Total Investing Cash Inflow | 5.5M | 3.9M | 1,000 | 59,300 | 86.1M |
| Total Investing Cash Outflow | 82.2M | 232.0M | 41.6M | 7.6M | 38.0M |
| Investing Cash Flow | -76.7M | -229.0M | -41.6M | -7.5M | 48.0M |
| Cash From Borrowings | 27.9M | 124.0M | -- | -- | -- |
| Dividends And Interest Paid | 51.8M | 50.6M | 454,000 | 17.5M | 2.3M |
| Debt Repayments | 12.0M | -- | 37.0M | 13.0M | -- |
| Total Financing Cash Inflow | 27.9M | 135.0M | 8.9M | 1.8M | -- |
| Total Financing Cash Outflow | 69.7M | 55.1M | 39.3M | 40.8M | 23.2M |
| Financing Cash Flow | -41.9M | 80.1M | -30.3M | -39.0M | -23.2M |
| Net Change In Cash | 13.5M | -32.5M | 78.5M | -26.1M | 91.2M |
| Ending Cash Balance | 292.0M | 278.0M | 311.0M | 233.0M | 259.0M |
| Capex | 82.2M | 232.0M | 41.6M | 7.6M | 18.0M |