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 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 502.0M | 393.0M | 387.0M | 522.0M | 339.0M | 306.0M | 309.0M | 254.0M | 131.0M |
| Revenue Growth % | 27.7% | 1.6% | -25.9% | 54.0% | 10.8% | -1.0% | 21.7% | 93.9% | -- |
| Total Revenue | 502.0M | 393.0M | 387.0M | 522.0M | 339.0M | 306.0M | 309.0M | 254.0M | 131.0M |
| Cost Of Revenue | 403.0M | 307.0M | 281.0M | 391.0M | 254.0M | 224.0M | 216.0M | 178.0M | 96.1M |
| Gross Profit | 99.0M | 86.0M | 106.0M | 131.0M | 85.0M | 82.0M | 93.0M | 76.0M | 34.9M |
| Gross Margin % | 19.7% | 21.9% | 27.4% | 25.1% | 25.1% | 26.8% | 30.1% | 29.9% | 26.6% |
| Total Operating Cost | 449.0M | 338.0M | 308.0M | 422.0M | 273.0M | 253.0M | 263.0M | 204.0M | 111.0M |
| Selling Expenses | 2.4M | 2.2M | 2.0M | 2.4M | 1.4M | 10.4M | 10.6M | 10.3M | 5.7M |
| Admin Expenses | 13.3M | 10.0M | 8.8M | 9.5M | 5.6M | 5.3M | 21.6M | 4.0M | 2.9M |
| Rd Expenses | 19.5M | 17.3M | 17.1M | 17.8M | 12.1M | 10.8M | 10.6M | 8.4M | 5.7M |
| Finance Expenses | 2.0M | -3.7M | -2.6M | -887,300 | -31,300 | 1.2M | 1.6M | 355,700 | -33,200 |
| Operating Income | 56.6M | 59.1M | 104.0M | 111.0M | 72.8M | 66.9M | 51.8M | 55.4M | 21.3M |
| Operating Margin % | 11.3% | 15.0% | 26.9% | 21.3% | 21.5% | 21.9% | 16.7% | 21.8% | 16.2% |
| Non Operating Income | -- | 38,500 | -- | -- | -- | 20,800 | -- | 7,400 | 1.9M |
| Non Operating Expenses | 500,000 | 2.8M | 1.1M | 1.7M | 732,500 | -- | 201,500 | 2.1M | 109,300 |
| Investment Income | 1.2M | 1.2M | 13.2M | 5.0M | 1.2M | 1.1M | 1.1M | 1.9M | 1.2M |
| Asset Disposal Income | -- | -35,200 | -- | -- | -- | 6,300 | -- | -- | -- |
| Asset Impairment Loss | 3.4M | 82,900 | 58,200 | 46,900 | 92,800 | 61,000 | 673,100 | 1.4M | 139,900 |
| Other Income | 2.1M | 2.2M | 11.2M | 5.7M | 5.6M | 12.8M | 4.4M | 3.5M | -- |
| Income Before Tax | 56.1M | 56.4M | 102.0M | 109.0M | 72.1M | 66.9M | 51.6M | 53.3M | 23.0M |
| Income Tax | 5.1M | 5.9M | 10.9M | 12.9M | 8.4M | 7.8M | 8.2M | 6.6M | 2.9M |
| Net Income | 50.9M | 50.5M | 91.6M | 96.2M | 63.7M | 59.1M | 43.3M | 46.8M | 20.1M |
| Net Margin % | 10.1% | 12.9% | 23.7% | 18.4% | 18.8% | 19.3% | 14.0% | 18.4% | 15.4% |
| Net Income Attributable | 50.9M | 50.5M | 91.6M | 96.2M | 63.7M | 59.1M | 43.3M | 46.8M | 20.1M |
| Eps Basic | 0.51 | 0.51 | 0.92 | 0.98 | 0.85 | 0.79 | 0.58 | -- | -- |
| Eps Diluted | 0.51 | 0.51 | 0.92 | 0.98 | 0.85 | 0.79 | 0.58 | -- | -- |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 25.1M | 82.8M | 280.0M | 38.9M | 31.2M | 59.1M | 65.5M | 6.2M | 1.5M |
| Trading Financial Assets | -- | -- | -- | 264.0M | -- | -- | -- | -- | -- |
| Accounts Receivable | 73.3M | 42.6M | 33.6M | 33.0M | 29.3M | 39.4M | 48.9M | 37.3M | -- |
| Notes Receivable | 119.0M | 89.2M | 78.0M | 200.0M | 166.0M | 133.0M | 96.3M | 96.1M | -- |
| Notes And Accounts Receivable | 192.0M | 132.0M | 112.0M | 233.0M | 195.0M | 173.0M | 145.0M | 133.0M | 76.6M |
| Prepayments | 782,100 | 891,300 | 1.7M | 366,600 | 1.4M | 83,300 | 61,300 | 157,500 | 252,200 |
| Inventory | 106.0M | 65.5M | 23.9M | 30.9M | 30.8M | 17.4M | 16.7M | 15.2M | 10.8M |
| Total Current Assets | 366.0M | 307.0M | 426.0M | 597.0M | 259.0M | 249.0M | 227.0M | 155.0M | 95.3M |
| Long Term Equity Investment | 9.8M | 9.9M | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 237.0M | 76.0M | 51.8M | 51.9M | 58.6M | 51.7M | 48.7M | -- |
| Fixed Assets Total | 472.0M | 237.0M | 76.0M | 51.8M | 51.9M | 58.6M | 51.7M | 48.7M | 41.3M |
| Construction In Progress | -- | 251.0M | 196.0M | 71.1M | 30.8M | 15.1M | 10.2M | 11.3M | -- |
| Construction In Progress Total | 256.0M | 251.0M | 196.0M | 71.1M | 30.8M | 15.1M | 10.2M | 11.3M | 4.5M |
| Intangible Assets | 113.0M | 115.0M | 116.0M | 30.7M | 31.4M | 32.1M | 4.6M | 4.7M | 4.7M |
| Long Term Deferred Expenses | 634,500 | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Assets | 900.0M | 645.0M | 421.0M | 179.0M | 140.0M | 132.0M | 92.4M | 90.5M | 76.2M |
| Total Assets | 1.3B | 952.0M | 847.0M | 777.0M | 398.0M | 381.0M | 320.0M | 245.0M | 172.0M |
| Short Term Borrowings | 170.0M | -- | -- | -- | -- | 41.1M | 50.0M | 9.9M | -- |
| Accounts Payable | 94.8M | 48.7M | 26.7M | 38.5M | 32.9M | 46.2M | 34.5M | 29.6M | -- |
| Advance Receipts | -- | -- | -- | -- | -- | 692,700 | 1.1M | 3.8M | 2.2M |
| Contract Liabilities | 712,700 | 1.6M | 814,400 | 4.2M | 6.0M | -- | -- | -- | -- |
| Total Current Liabilities | 290.0M | 73.9M | 35.9M | 57.8M | 45.8M | 92.0M | 90.8M | 50.2M | 23.1M |
| Long Term Borrowings | 59.0M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 95.3M | 37.7M | 10.9M | 600,000 | 600,000 | 892,200 | 183,500 | -- | -- |
| Total Liabilities | 385.0M | 112.0M | 46.8M | 58.4M | 46.4M | 92.9M | 90.9M | 50.2M | 23.1M |
| Paid In Capital | 100.0M | 100.0M | 100.0M | 100.0M | 75.0M | 75.0M | 75.0M | 20.0M | 20.0M |
| Capital Reserve | 395.0M | 395.0M | 395.0M | 395.0M | 140.0M | 140.0M | 140.0M | 1.4M | 1.4M |
| Surplus Reserve | 42.6M | 37.5M | 32.5M | 23.3M | 13.7M | 7.3M | 1.4M | 23.3M | 18.6M |
| Retained Earnings | 343.0M | 308.0M | 272.0M | 200.0M | 123.0M | 65.8M | 12.6M | 151.0M | 108.0M |
| Equity Attributable | 881.0M | 840.0M | 800.0M | 718.0M | 352.0M | 288.0M | 229.0M | 195.0M | 148.0M |
| Total Equity | 881.0M | 840.0M | 800.0M | 718.0M | 352.0M | 288.0M | 229.0M | 195.0M | 148.0M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 270.0M | 273.0M | 436.0M | 502.0M | 329.0M | 288.0M | 310.0M | 203.0M | 114.0M |
| Tax Refunds Received | -- | 1.6M | 6.5M | 3.4M | 4.0M | 4.4M | 3.5M | 3.1M | 1.6M |
| Total Operating Cash Inflow | 273.0M | 306.0M | 461.0M | 509.0M | 335.0M | 301.0M | 314.0M | 206.0M | 116.0M |
| Cash Paid For Goods | 413.0M | 319.0M | 264.0M | 392.0M | 268.0M | 213.0M | 205.0M | 167.0M | 82.9M |
| Cash Paid To Employees | 36.0M | 29.8M | 24.1M | 20.2M | 14.9M | 15.0M | 14.8M | 9.7M | 7.5M |
| Taxes Paid | 12.5M | 10.0M | 35.6M | 21.4M | 18.4M | 19.0M | 24.8M | 18.8M | 9.7M |
| Total Operating Cash Outflow | 475.0M | 373.0M | 336.0M | 451.0M | 310.0M | 265.0M | 264.0M | 210.0M | 108.0M |
| Operating Cash Flow | -202.0M | -66.7M | 125.0M | 57.3M | 24.5M | 36.0M | 50.5M | -3.3M | 8.1M |
| Total Investing Cash Inflow | 1.4M | 1.5M | 1.1B | 369.0M | 1.2M | 1.1M | 1.1M | 9.7M | 84.2M |
| Total Investing Cash Outflow | 76.2M | 122.0M | 931.0M | 686.0M | 11.8M | 33.3M | 4.1M | 11.7M | 95.0M |
| Investing Cash Flow | -74.8M | -121.0M | 126.0M | -317.0M | -10.6M | -32.2M | -3.0M | -2.0M | -10.8M |
| Cash From Borrowings | 280.0M | -- | -- | 10.0M | 10.5M | 41.0M | 53.3M | 19.4M | -- |
| Dividends And Interest Paid | 12.9M | 10.0M | 10.0M | 10.0M | 401,800 | 1.3M | 41.3M | 272,900 | -- |
| Debt Repayments | 50.0M | -- | -- | 10.0M | 51.5M | 50.0M | 13.2M | 9.5M | -- |
| Total Financing Cash Inflow | 280.0M | -- | -- | 306.0M | 10.5M | 41.0M | 66.8M | 26.7M | 3.6M |
| Total Financing Cash Outflow | 62.9M | 10.0M | 10.0M | 38.4M | 52.3M | 51.3M | 55.0M | 16.7M | 3.5M |
| Financing Cash Flow | 217.0M | -10.0M | -10.0M | 268.0M | -41.8M | -10.3M | 11.8M | 10.0M | 24,100 |
| Net Change In Cash | -59.5M | -197.0M | 241.0M | 7.7M | -27.9M | -6.4M | 59.4M | 4.7M | -2.8M |
| Ending Cash Balance | 23.4M | 82.8M | 280.0M | 38.9M | 31.2M | 59.1M | 65.5M | 6.2M | 1.5M |
| Capex | 76.2M | 112.0M | 181.0M | 28.1M | 11.8M | 33.3M | 4.1M | 9.7M | 4.1M |