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 | 134.0M | 163.0M | 167.0M | 231.0M | 150.0M | 172.0M | 139.0M | 109.0M | 80.3M | 59.4M | 43.1M | 23.8M | 5.8M |
| Revenue Growth % | -17.8% | -2.4% | -27.7% | 54.0% | -12.8% | 23.7% | 27.5% | 35.8% | 35.2% | 37.8% | 81.2% | 306.5% | -- |
| Total Revenue | 134.0M | 163.0M | 167.0M | 231.0M | 150.0M | 172.0M | 139.0M | 109.0M | 80.3M | 59.4M | 43.1M | 23.8M | 5.8M |
| Cost Of Revenue | 8.9M | 12.4M | 11.2M | 18.5M | 1.1M | 1.3M | 1.2M | 1.1M | 1.0M | 592,200 | 2.6M | 1.9M | 1.1M |
| Gross Profit | 125.1M | 150.6M | 155.8M | 212.5M | 148.9M | 170.7M | 137.8M | 107.9M | 79.3M | 58.8M | 40.5M | 21.9M | 4.8M |
| Gross Margin % | 93.3% | 92.4% | 93.3% | 92.0% | 99.2% | 99.2% | 99.1% | 99.0% | 98.7% | 99.0% | 94.0% | 92.2% | 81.8% |
| Total Operating Cost | 217.0M | 237.0M | 232.0M | 194.0M | 102.0M | 117.0M | 98.2M | 79.0M | 60.6M | 51.7M | 33.4M | 21.4M | 11.5M |
| Selling Expenses | 82.8M | 93.0M | 104.0M | 93.1M | 55.8M | 67.8M | 55.5M | 45.7M | 33.0M | 28.7M | 22.2M | 11.7M | 5.5M |
| Admin Expenses | 21.2M | 17.6M | 24.9M | 32.5M | 15.5M | 17.4M | 17.7M | 12.9M | 10.9M | 20.8M | 7.2M | 7.2M | 4.8M |
| Rd Expenses | 78.2M | 80.7M | 80.5M | 48.2M | 27.4M | 27.6M | 21.7M | 17.6M | 13.2M | -- | -- | -- | -- |
| Finance Expenses | -1.2M | -2.2M | -3.2M | -4.8M | -882,700 | -1.0M | -1.1M | -412,000 | -262,700 | -191,000 | -44,200 | 1,700 | -34,000 |
| Operating Income | -61.2M | -50.6M | -36.9M | 64.3M | 62.3M | 70.7M | 57.9M | 42.8M | 19.9M | 7.6M | 9.7M | 2.4M | -5.7M |
| Operating Margin % | -45.7% | -31.0% | -22.1% | 27.8% | 41.5% | 41.1% | 41.6% | 39.2% | 24.8% | 12.8% | 22.5% | 9.9% | -96.7% |
| Non Operating Income | 19.00 | 6.00 | 2.0M | 2.0M | 0.00 | 45.00 | -- | -- | 9.7M | 9.8M | 3.4M | 2.8M | 36,300 |
| Non Operating Expenses | 50,100 | 90,500 | 100,800 | 142,000 | 600.00 | 14,900 | 13,000 | 34,700 | 2,600 | 390,500 | 100.00 | 29,800 | -- |
| Investment Income | 11.8M | 13.0M | 15.2M | 15.6M | 2.6M | 1.1M | -- | -- | 146,700 | -- | -- | -- | -- |
| Asset Disposal Income | -- | 5,400 | -2,500 | -- | -- | -- | -- | -- | -1,000 | -35,300 | -- | -- | -- |
| Asset Impairment Loss | 6.4M | -4,800 | 2,000 | 24,300 | 6,900 | -- | 638,700 | 95,700 | 1.1M | 642,600 | 610,800 | 159,700 | 65,000 |
| Other Income | 10.2M | 11.1M | 13.0M | 11.9M | 11.8M | 14.7M | 16.7M | 13.2M | 68,800 | -- | -- | -- | -- |
| Income Before Tax | -61.3M | -50.7M | -35.0M | 66.1M | 62.3M | 70.7M | 57.9M | 42.7M | 29.6M | 17.1M | 13.1M | 5.1M | -5.6M |
| Income Tax | -10.5M | -10.5M | -7.0M | 6.1M | 6.9M | 4.8M | 6.1M | 4.6M | 3.6M | -162,400 | -- | -- | -- |
| Net Income | -50.8M | -40.2M | -27.9M | 60.0M | 55.4M | 65.9M | 51.8M | 38.1M | 26.0M | 17.2M | 13.1M | 5.1M | -5.6M |
| Net Margin % | -37.9% | -24.7% | -16.7% | 26.0% | 37.0% | 38.3% | 37.2% | 35.0% | 32.3% | 29.0% | 30.4% | 21.4% | -96.1% |
| Net Income Attributable | -50.8M | -40.2M | -27.9M | 60.0M | 55.4M | 65.9M | 51.8M | 38.1M | 26.0M | 17.2M | 13.1M | 5.1M | -5.6M |
| Minority Interest | -- | -- | -- | -- | -- | -- | -- | -600.00 | -3,700 | -- | -- | -- | -- |
| Eps Basic | -0.64 | -0.51 | -0.35 | 0.77 | 1.31 | 1.55 | 1.22 | 0.90 | 0.61 | 0.42 | 0.33 | 0.34 | -0.37 |
| Eps Diluted | -0.64 | -0.51 | -0.35 | 0.77 | 1.31 | 1.55 | 1.22 | 0.90 | 0.61 | 0.42 | 0.33 | 0.34 | -- |
| 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 | 724.0M | 753.0M | 775.0M | 880.0M | 205.0M | 170.0M | 127.0M | 98.9M | 50.7M | 37.8M | 14.9M | 5.7M | 910,900 |
| Accounts Receivable | 85.6M | 102.0M | 120.0M | 120.0M | 47.7M | 39.5M | 38.7M | 27.9M | 30.1M | 16.7M | 3.8M | 2.7M | 365,900 |
| Notes Receivable | 327,800 | 538,900 | 140,500 | 783,900 | 352,000 | 959,000 | -- | 130,000 | -- | -- | -- | -- | -- |
| Notes And Accounts Receivable | 85.9M | 103.0M | 120.0M | 120.0M | 48.1M | 40.5M | 38.7M | 28.0M | 30.1M | 16.7M | 3.8M | 2.7M | 365,900 |
| Prepayments | 3.5M | 3.9M | 5.6M | 6.4M | 8.6M | 4.5M | 1.7M | 4.4M | 599,500 | 510,600 | 669,100 | 207,200 | 141,200 |
| Inventory | 4.5M | 1.3M | 1.2M | 887,800 | -- | -- | -- | -- | -- | -- | 2,200 | 10,600 | 34,300 |
| Total Current Assets | 823.0M | 868.0M | 910.0M | 1.0B | 266.0M | 217.0M | 169.0M | 134.0M | 101.0M | 68.7M | 20.7M | 9.4M | 1.9M |
| Long Term Equity Investment | 12.6M | 20.3M | 21.8M | 16.9M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 2.1M | 3.6M | 4.4M | 820,000 | 942,800 | 821,300 | 506,800 | -- | 576,600 | 343,600 | 331,700 | 446,700 |
| Fixed Assets Total | 1.0M | 2.1M | 3.6M | 4.4M | 820,000 | 942,800 | 821,300 | 506,800 | 648,600 | 576,600 | 343,600 | 331,700 | 446,700 |
| Intangible Assets | 13.0M | 16.9M | 3.2M | 2.6M | 1.0M | 1.2M | 1.7M | 2.6M | 2.9M | 3.7M | 11.1M | 8.7M | 7.0M |
| Long Term Deferred Expenses | -- | 1.1M | 3.1M | 5.1M | 88,100 | 792,600 | 1.5M | 2.2M | 846,800 | 1.1M | 1.4M | -- | 184,200 |
| Total Non Current Assets | 77.7M | 66.9M | 69.5M | 65.8M | 5.2M | 3.5M | 4.6M | 5.8M | 4.7M | 5.6M | 15.0M | 9.0M | 7.6M |
| Total Assets | 901.0M | 935.0M | 979.0M | 1.1B | 271.0M | 220.0M | 173.0M | 140.0M | 105.0M | 74.3M | 35.7M | 18.4M | 9.6M |
| Accounts Payable | 5.2M | 6.1M | 6.7M | 9.6M | 3.2M | 5.2M | 4.0M | 5.1M | 4.0M | 3.9M | 279,400 | 16,500 | -- |
| Advance Receipts | -- | -- | -- | -- | -- | 492,700 | 405,200 | 49,400 | -- | -- | 223,900 | 77,000 | 145,200 |
| Contract Liabilities | 9.9M | 7.1M | 8.1M | 3.0M | 2.8M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 48.3M | 43.7M | 48.6M | 68.2M | 29.1M | 33.3M | 26.8M | 25.0M | 28.1M | 14.2M | 8.6M | 8.7M | 5.0M |
| Total Non Current Liabilities | 13.7M | 2.7M | 6.9M | 18.4M | 8.4M | -- | -- | -- | -- | -- | 140,000 | -- | -- |
| Total Liabilities | 62.0M | 46.4M | 55.5M | 86.6M | 37.5M | 33.3M | 26.8M | 25.0M | 28.1M | 14.2M | 8.7M | 8.7M | 5.0M |
| Paid In Capital | 79.4M | 79.4M | 79.1M | 56.5M | 42.4M | 42.4M | 42.4M | 42.4M | 42.4M | 41.7M | 15.3M | 15.0M | 15.0M |
| Capital Reserve | 723.0M | 722.0M | 718.0M | 737.0M | 5.8M | 5.8M | 5.8M | 5.8M | 5.8M | 430,200 | 526,100 | 2.1M | 2.1M |
| Surplus Reserve | 27.2M | 27.2M | 27.2M | 27.2M | 21.2M | 20.7M | 14.1M | 8.9M | 5.1M | 2.5M | 1.1M | -- | -- |
| Retained Earnings | 8.7M | 59.4M | 99.6M | 173.0M | 164.0M | 118.0M | 84.4M | 57.7M | 23.4M | 15.5M | 10.0M | -7.4M | -12.5M |
| Minority Equity | -- | -- | -- | -- | -- | -- | -- | -- | 546,300 | -- | -- | -- | -- |
| Equity Attributable | 839.0M | 888.0M | 924.0M | 994.0M | 233.0M | 187.0M | 147.0M | 115.0M | 76.7M | 60.2M | 27.0M | 9.7M | 4.6M |
| Total Equity | 839.0M | 888.0M | 924.0M | 994.0M | 233.0M | 187.0M | 147.0M | 115.0M | 77.2M | 60.2M | 27.0M | 9.7M | 4.6M |
| 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 | 152.0M | 166.0M | 179.0M | 173.0M | 157.0M | 189.0M | 151.0M | 129.0M | 79.5M | 55.5M | 48.8M | 25.4M | 6.3M |
| Tax Refunds Received | 9.7M | 10.3M | 12.6M | 8.8M | 11.0M | 15.8M | 16.6M | 13.2M | 9.6M | 8.7M | 3.4M | 2.8M | 36,300 |
| Total Operating Cash Inflow | 164.0M | 180.0M | 198.0M | 192.0M | 170.0M | 206.0M | 170.0M | 143.0M | 89.5M | 65.5M | 53.1M | 30.0M | 10.3M |
| Cash Paid For Goods | 9.4M | 11.3M | 11.2M | 15.0M | 761,100 | 395,200 | 362,300 | 287,600 | 199,300 | 192,300 | 141,000 | 109,300 | 48,300 |
| Cash Paid To Employees | 142.0M | 151.0M | 173.0M | 102.0M | 79.9M | 74.4M | 59.9M | 45.7M | 37.4M | 30.1M | 13.1M | 8.8M | 5.4M |
| Taxes Paid | 17.7M | 18.1M | 28.3M | 20.7M | 23.3M | 30.3M | 30.4M | 22.7M | 15.2M | 9.3M | 8.2M | 4.6M | 1.3M |
| Total Operating Cash Outflow | 196.0M | 209.0M | 248.0M | 183.0M | 133.0M | 134.0M | 120.0M | 95.4M | 71.0M | 57.2M | 39.5M | 21.7M | 10.7M |
| Operating Cash Flow | -32.4M | -28.9M | -50.0M | 9.4M | 36.2M | 72.2M | 49.7M | 47.5M | 18.5M | 8.3M | 13.7M | 8.3M | -382,200 |
| Total Investing Cash Inflow | 4.0B | 4.4B | 4.9B | 4.2B | 812.0M | 131.0M | -- | -- | 30.1M | 5,000 | -- | -- | -- |
| Total Investing Cash Outflow | 4.0B | 4.4B | 4.9B | 4.2B | 811.0M | 132.0M | 1.3M | 3.4M | 31.3M | 1.8M | 8.6M | 3.6M | 4.7M |
| Investing Cash Flow | 12.6M | 10.9M | 3.4M | -19.6M | 528,200 | -421,600 | -1.3M | -3.4M | -1.1M | -1.8M | -8.6M | -3.6M | -4.7M |
| Dividends And Interest Paid | -- | -- | 45.2M | 45.2M | -- | 25.4M | 19.9M | -- | 20.8M | 5.4M | -- | -- | -- |
| Total Financing Cash Inflow | -- | 8.6M | -- | 758.0M | -- | -- | -- | 17.8M | 16.3M | 21.7M | 4.2M | -- | -- |
| Total Financing Cash Outflow | 8.7M | 12.9M | 58.9M | 72.6M | 1.9M | 28.4M | 20.6M | 13.7M | 20.8M | 5.4M | -- | -- | -- |
| Financing Cash Flow | -8.7M | -4.3M | -58.9M | 685.0M | -1.9M | -28.4M | -20.6M | 4.1M | -4.4M | 16.4M | 4.2M | -- | -- |
| Net Change In Cash | -28.5M | -22.3M | -106.0M | 675.0M | 34.9M | 43.4M | 27.8M | 48.2M | 12.9M | 22.9M | 9.3M | 4.7M | -5.1M |
| Ending Cash Balance | 724.0M | 752.0M | 775.0M | 880.0M | 205.0M | 170.0M | 127.0M | 98.9M | 50.7M | 37.8M | 14.9M | 5.7M | 910,900 |
| Capex | 1.2M | 4.4M | 7.9M | 19.3M | 2.0M | 1.5M | 1.3M | 3.4M | 1.3M | 1.8M | 8.6M | 3.6M | 4.7M |