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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 413.0M | 479.0M | 480.0M | 612.0M | 491.0M | 518.0M | 381.0M | 273.0M | 192.0M | 158.0M | 144.0M | 114.0M |
| Revenue Growth % | -13.8% | -0.2% | -21.6% | 24.6% | -5.2% | 36.0% | 39.6% | 42.2% | 21.5% | 9.7% | 26.3% | -- |
| Total Revenue | 413.0M | 479.0M | 480.0M | 612.0M | 491.0M | 518.0M | 381.0M | 273.0M | 192.0M | 158.0M | 144.0M | 114.0M |
| Cost Of Revenue | 300.0M | 387.0M | 334.0M | 343.0M | 253.0M | 268.0M | 202.0M | 142.0M | 96.5M | 84.5M | 86.9M | 64.8M |
| Gross Profit | 113.0M | 92.0M | 146.0M | 269.0M | 238.0M | 250.0M | 179.0M | 131.0M | 95.5M | 73.5M | 57.1M | 49.2M |
| Gross Margin % | 27.4% | 19.2% | 30.4% | 44.0% | 48.5% | 48.3% | 47.0% | 48.0% | 49.8% | 46.5% | 39.7% | 43.1% |
| Total Operating Cost | 607.0M | 694.0M | 554.0M | 544.0M | 384.0M | 403.0M | 289.0M | 225.0M | 159.0M | 136.0M | 126.0M | 95.7M |
| Selling Expenses | 50.8M | 65.6M | 76.5M | 84.0M | 50.1M | 36.3M | 24.0M | 20.2M | 17.4M | 16.6M | 9.0M | 5.8M |
| Admin Expenses | 100.0M | 115.0M | 83.9M | 72.3M | 48.9M | 55.5M | 41.4M | 45.4M | 30.8M | 31.3M | 28.5M | 23.4M |
| Rd Expenses | 30.9M | 24.2M | 25.2M | 27.1M | 22.0M | 21.7M | 13.9M | 11.7M | 10.6M | -- | -- | -- |
| Finance Expenses | 2.8M | -734,700 | -940,800 | -5.6M | -23,900 | 1.6M | 15,300 | 533,500 | 474,100 | 614,400 | 343,800 | 187,300 |
| Operating Income | -293.0M | -200.0M | -50.7M | 87.7M | 118.0M | 127.0M | 105.0M | 57.8M | 33.4M | 23.0M | 19.1M | 18.7M |
| Operating Margin % | -70.9% | -41.8% | -10.6% | 14.3% | 24.0% | 24.5% | 27.6% | 21.2% | 17.4% | 14.6% | 13.3% | 16.4% |
| Non Operating Income | 212,600 | 122,900 | 126,700 | 172,700 | 167,700 | 597,200 | 94,300 | 381,300 | 6.6M | 4.8M | 5.4M | 5.9M |
| Non Operating Expenses | 1.8M | 637,100 | 204,600 | 1.7M | 319,200 | 118,400 | 44,300 | 304,000 | 364,600 | 900.00 | 1,500 | 1,100 |
| Investment Income | -6.5M | 10.6M | 13.5M | 14.1M | 1.7M | 5.0M | 3.9M | 2.4M | 1.1M | 1.3M | 1.4M | 553,600 |
| Fair Value Change Income | -103.0M | -76,400 | 65,000 | -6,800 | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 4.7M | 53,200 | 37,300 | 54,000 | -- | 6,100 | -13,900 | -- | 300.00 | -- | -- | -- |
| Asset Impairment Loss | 61.0M | 33.7M | -1.0M | 1.1M | 733,400 | 277,100 | 4.5M | 2.6M | 2.1M | 2.1M | 583,900 | 476,600 |
| Other Income | 6.6M | 5.4M | 9.7M | 5.8M | 8.4M | 6.7M | 9.3M | 7.2M | -- | -- | -- | -- |
| Income Before Tax | -295.0M | -200.0M | -50.8M | 86.2M | 118.0M | 127.0M | 105.0M | 57.9M | 39.5M | 27.9M | 24.5M | 24.6M |
| Income Tax | -11.1M | -22.5M | 472,900 | 10.9M | 14.9M | 15.2M | 15.3M | 11.8M | 7.5M | 5.9M | 3.9M | 4.9M |
| Net Income | -284.0M | -178.0M | -51.2M | 75.3M | 103.0M | 112.0M | 89.9M | 46.2M | 32.1M | 22.0M | 20.7M | 19.7M |
| Net Margin % | -68.8% | -37.2% | -10.7% | 12.3% | 21.0% | 21.6% | 23.6% | 16.9% | 16.7% | 13.9% | 14.4% | 17.3% |
| Net Income Attributable | -282.0M | -177.0M | -51.6M | 75.4M | 103.0M | 112.0M | 89.9M | 46.2M | 32.1M | 22.0M | 20.7M | 19.7M |
| Minority Interest | -1.5M | -1.2M | 397,700 | -140,000 | -- | -- | -- | -- | -- | -- | -- | -- |
| Eps Basic | -4.70 | -2.94 | -0.86 | 1.31 | 2.28 | 2.49 | 2.00 | 1.05 | 0.74 | 0.69 | -- | -- |
| Eps Diluted | -4.70 | -2.94 | -0.86 | 1.31 | 2.28 | 2.49 | 2.00 | 1.05 | 0.74 | 0.69 | -- | -- |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 165.0M | 155.0M | 226.0M | 231.0M | 247.0M | 142.0M | 231.0M | 90.3M | 46.0M | 33.9M | 29.2M | 32.5M |
| Trading Financial Assets | 213.0M | 518.0M | 460.0M | 589.0M | 56.5M | 108.0M | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 338.0M | 397.0M | 395.0M | 315.0M | 195.0M | 165.0M | 86.6M | 64.1M | -- | 26.3M | 14.0M | 17.2M |
| Notes Receivable | 1.4M | 1.5M | 2.6M | 5.2M | 4.8M | 3.0M | 1.6M | 180,000 | -- | 80,000 | 287,300 | 675,000 |
| Notes And Accounts Receivable | 340.0M | 399.0M | 398.0M | 320.0M | 199.0M | 168.0M | 88.2M | 64.2M | 39.0M | 26.3M | 14.3M | 17.9M |
| Prepayments | 5.2M | 6.1M | 7.8M | 3.2M | 3.1M | 1.8M | 3.1M | 1.7M | 539,000 | 1.6M | 1.3M | 805,400 |
| Inventory | 49.3M | 58.3M | 64.5M | 27.3M | 31.0M | 14.9M | 12.5M | 3.1M | 3.0M | -- | -- | -- |
| Total Current Assets | 805.0M | 1.2B | 1.2B | 1.2B | 560.0M | 448.0M | 386.0M | 253.0M | 150.0M | 98.8M | 89.4M | 74.6M |
| Long Term Equity Investment | 21.0M | 35.3M | 55.9M | 43.1M | 1.1M | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 74.8M | 109.0M | 87.5M | 35.9M | 37.5M | 12.9M | 11.2M | -- | 1.7M | 2.1M | 1.7M |
| Fixed Assets Total | 49.5M | 74.8M | 109.0M | 87.5M | 35.9M | 37.5M | 12.9M | 11.2M | 23.4M | 1.7M | 2.1M | 1.7M |
| Construction In Progress | -- | 26.9M | -- | -- | -- | -- | -- | -- | -- | -- | 26.1M | 23.1M |
| Construction In Progress Total | 6.2M | 26.9M | -- | -- | -- | -- | -- | -- | -- | -- | 26.1M | 23.1M |
| Intangible Assets | 28.3M | 29.9M | 2.7M | 2.1M | 898,400 | 1.4M | 2.6M | 1.2M | 752,800 | 1.1M | 269,300 | 581,100 |
| Long Term Deferred Expenses | 43.2M | 28.7M | 8.8M | 10.1M | 7.3M | 4.4M | 6.0M | 6.3M | 7.6M | 8.7M | 6.1M | 2.2M |
| Total Non Current Assets | 421.0M | 376.0M | 306.0M | 272.0M | 109.0M | 78.3M | 53.6M | 48.1M | 50.9M | 52.2M | 53.1M | 46.6M |
| Total Assets | 1.2B | 1.6B | 1.5B | 1.5B | 670.0M | 526.0M | 439.0M | 301.0M | 201.0M | 151.0M | 143.0M | 121.0M |
| Short Term Borrowings | 142.0M | 169.0M | 313,100 | 999,700 | 19.7M | 12.7M | 21.6M | 16.9M | 10.6M | 15.0M | 5.0M | 10.0M |
| Accounts Payable | 109.0M | 143.0M | 65.2M | 42.8M | 25.7M | 16.8M | 9.9M | 3.9M | -- | 677,900 | 968,900 | 693,400 |
| Advance Receipts | 350,000 | -- | -- | -- | -- | 116.0M | 120.0M | 78.1M | 58.9M | 46.1M | 44.5M | 30.8M |
| Contract Liabilities | 123.0M | 133.0M | 152.0M | 95.9M | 121.0M | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 488.0M | 547.0M | 316.0M | 240.0M | 260.0M | 220.0M | 215.0M | 148.0M | 101.0M | 80.2M | 75.4M | 62.1M |
| Total Non Current Liabilities | 34.4M | 29.3M | 16.1M | 21.8M | -- | -- | -- | -- | 325,300 | 100,200 | 734,100 | 896,100 |
| Total Liabilities | 522.0M | 576.0M | 333.0M | 261.0M | 260.0M | 220.0M | 215.0M | 148.0M | 101.0M | 80.3M | 76.2M | 63.0M |
| Paid In Capital | 60.5M | 60.0M | 60.0M | 60.0M | 45.0M | 45.0M | 33.0M | 33.0M | 32.0M | 32.0M | 10.0M | 10.0M |
| Capital Reserve | 737.0M | 724.0M | 724.0M | 725.0M | 25.2M | 25.2M | 37.2M | 35.3M | 6.2M | -- | -- | -- |
| Surplus Reserve | 30.0M | 30.0M | 30.0M | 30.0M | 22.5M | 22.5M | 16.5M | 8.8M | 4.7M | 1.9M | 3.9M | 2.1M |
| Retained Earnings | -126.0M | 157.0M | 333.0M | 385.0M | 317.0M | 214.0M | 138.0M | 75.8M | 56.7M | 36.9M | 52.4M | 46.1M |
| Minority Equity | 8.0M | 8.7M | 3.3M | 735,000 | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 695.0M | 973.0M | 1.1B | 1.2B | 409.0M | 307.0M | 225.0M | 153.0M | 99.6M | 70.8M | 66.3M | 58.2M |
| Total Equity | 703.0M | 982.0M | 1.1B | 1.2B | 409.0M | 307.0M | 225.0M | 153.0M | 99.6M | 70.8M | 66.3M | 58.2M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 435.0M | 443.0M | 480.0M | 485.0M | 495.0M | 452.0M | 418.0M | 288.0M | 198.0M | 156.0M | 170.0M | 139.0M |
| Tax Refunds Received | -- | 48,500 | 38,400 | -- | 2,500 | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 461.0M | 484.0M | 517.0M | 525.0M | 533.0M | 501.0M | 442.0M | 311.0M | 214.0M | 161.0M | 176.0M | 146.0M |
| Cash Paid For Goods | 155.0M | 181.0M | 146.0M | 108.0M | 79.2M | 93.2M | 70.7M | 47.6M | 30.3M | 22.5M | 22.0M | 15.9M |
| Cash Paid To Employees | 255.0M | 332.0M | 356.0M | 351.0M | 265.0M | 239.0M | 178.0M | 121.0M | 94.9M | 97.7M | 83.4M | 62.9M |
| Taxes Paid | 22.3M | 26.0M | 33.9M | 42.6M | 45.7M | 43.1M | 41.2M | 26.1M | 17.1M | 16.7M | 15.4M | 14.0M |
| Total Operating Cash Outflow | 482.0M | 601.0M | 608.0M | 572.0M | 440.0M | 435.0M | 359.0M | 230.0M | 170.0M | 153.0M | 133.0M | 103.0M |
| Operating Cash Flow | -21.6M | -117.0M | -90.8M | -47.5M | 92.6M | 66.1M | 83.3M | 81.2M | 44.3M | 7.8M | 43.5M | 42.8M |
| Total Investing Cash Inflow | 965.0M | 789.0M | 1.0B | 344.0M | 148.0M | 102.0M | 163.0M | 46.9M | 44.4M | 117.0M | 143.0M | 111.0M |
| Total Investing Cash Outflow | 900.0M | 894.0M | 925.0M | 995.0M | 132.0M | 197.0M | 123.0M | 82.5M | 65.8M | 112.0M | 172.0M | 151.0M |
| Investing Cash Flow | 64.4M | -104.0M | 92.0M | -651.0M | 16.1M | -95.0M | 39.2M | -35.7M | -21.5M | 5.1M | -28.8M | -40.0M |
| Cash From Borrowings | 208.0M | 169.0M | 313,100 | 999,700 | 25.0M | 33.6M | 21.6M | 20.0M | 14.0M | 15.0M | 5.0M | 10.0M |
| Dividends And Interest Paid | 6.1M | 951,100 | -- | 382,300 | 977,600 | 31.9M | 20.3M | 23.7M | 6.9M | 18.3M | 13.0M | 1.1M |
| Debt Repayments | 234.0M | -- | 0.00 | 19.0M | 18.0M | 41.0M | 16.9M | 13.8M | 18.4M | 5.0M | 10.0M | -- |
| Total Financing Cash Inflow | 219.0M | 181.0M | 4.7M | 736.0M | 25.0M | 33.6M | 21.6M | 35.5M | 14.0M | 15.0M | 5.0M | 11.0M |
| Total Financing Cash Outflow | 254.0M | 22.6M | 20.8M | 49.6M | 19.0M | 72.9M | 37.1M | 37.5M | 25.3M | 23.3M | 23.0M | 1.1M |
| Financing Cash Flow | -35.3M | 158.0M | -16.1M | 686.0M | 6.0M | -39.3M | -15.5M | -2.0M | -11.3M | -8.3M | -18.0M | 9.9M |
| Net Change In Cash | 8.4M | -61.0M | -15.1M | -12.0M | 115.0M | -68.3M | 107.0M | 43.5M | 11.6M | 4.7M | -3.4M | 12.7M |
| Ending Cash Balance | 163.0M | 154.0M | 215.0M | 230.0M | 242.0M | 128.0M | 196.0M | 88.9M | 45.4M | 33.9M | 29.2M | 32.5M |
| Capex | 40.9M | 49.0M | 34.9M | 69.8M | 38.1M | 32.3M | 10.9M | 3.5M | 2.2M | 4.1M | 10.3M | 26.6M |