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 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 375.0M | 346.0M | 283.0M | 256.0M | 320.0M | 361.0M | 269.0M | 246.0M | 220.0M |
| Revenue Growth % | 8.4% | 22.3% | 10.5% | -20.0% | -11.4% | 34.2% | 9.3% | 11.8% | -- |
| Total Revenue | 375.0M | 346.0M | 283.0M | 256.0M | 320.0M | 361.0M | 269.0M | 246.0M | 220.0M |
| Cost Of Revenue | 279.0M | 267.0M | 208.0M | 196.0M | 238.0M | 221.0M | 174.0M | 172.0M | 145.0M |
| Gross Profit | 96.0M | 79.0M | 75.0M | 60.0M | 82.0M | 140.0M | 95.0M | 74.0M | 75.0M |
| Gross Margin % | 25.6% | 22.8% | 26.5% | 23.4% | 25.6% | 38.8% | 35.3% | 30.1% | 34.1% |
| Total Operating Cost | 360.0M | 343.0M | 283.0M | 256.0M | 291.0M | 280.0M | 213.0M | 206.0M | 182.0M |
| Selling Expenses | 24.1M | 23.7M | 21.1M | 16.6M | 15.0M | 19.8M | 11.4M | 10.4M | 9.5M |
| Admin Expenses | 31.2M | 32.7M | 26.4M | 23.6M | 20.2M | 18.5M | 11.2M | 10.6M | 14.9M |
| Rd Expenses | 16.1M | 16.9M | 16.8M | 16.0M | 15.4M | 17.2M | 14.4M | 11.4M | 9.7M |
| Finance Expenses | 764,600 | -3.3M | 2.4M | -481,200 | -3.3M | -81,300 | -1.3M | -1.3M | 124,600 |
| Operating Income | 19.7M | 9.4M | 9.7M | 14.0M | 38.7M | 87.5M | 59.9M | 42.4M | 41.3M |
| Operating Margin % | 5.3% | 2.7% | 3.4% | 5.5% | 12.1% | 24.2% | 22.3% | 17.3% | 18.8% |
| Non Operating Income | 702,700 | 430,500 | 159,900 | 112,700 | 385,600 | 9.5M | 32,400 | 305,200 | 133,200 |
| Non Operating Expenses | 561,700 | 758,700 | 504,300 | 892,200 | 3.0M | 1.2M | 448,000 | 221,600 | 119,000 |
| Investment Income | 2.4M | 3.0M | 5.8M | 7.9M | 4.6M | 1.5M | 903,200 | 961,600 | 2.1M |
| Fair Value Change Income | 35,300 | 13,200 | 1.7M | 2.5M | 520,900 | -- | -- | -- | -- |
| Asset Disposal Income | 1,800 | -283,400 | -61,100 | 455,400 | 270,000 | 55,900 | -- | -- | -44,000 |
| Asset Impairment Loss | 4.8M | 2.6M | 4.6M | 1.7M | 1.7M | 1.2M | 235,300 | 1.1M | 1.0M |
| Other Income | 2.7M | 3.6M | 1.9M | 3.0M | 4.5M | 5.6M | 2.9M | 1.8M | 1.7M |
| Income Before Tax | 19.9M | 9.1M | 9.3M | 13.2M | 36.1M | 95.8M | 59.5M | 42.5M | 41.3M |
| Income Tax | 233,000 | 240,800 | 1.3M | -958,300 | 4.8M | 13.3M | 7.5M | 5.9M | 6.2M |
| Net Income | 19.6M | 8.8M | 8.0M | 14.1M | 31.3M | 82.5M | 52.0M | 36.6M | 35.1M |
| Net Margin % | 5.2% | 2.5% | 2.8% | 5.5% | 9.8% | 22.9% | 19.3% | 14.9% | 15.9% |
| Net Income Attributable | 19.6M | 8.7M | 8.0M | 14.7M | 32.3M | 84.0M | 51.2M | 36.9M | 33.2M |
| Minority Interest | -1,000 | 130,600 | -28,700 | -599,400 | -1.0M | -1.5M | 767,500 | -320,200 | 1.9M |
| Eps Basic | 0.23 | 0.10 | 0.10 | 0.18 | 0.43 | 1.33 | 0.82 | 0.59 | 0.95 |
| Eps Diluted | 0.23 | 0.10 | 0.10 | 0.18 | 0.43 | 1.33 | 0.82 | 0.59 | 0.95 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 66.8M | 58.0M | 82.4M | 55.1M | 104.0M | 142.0M | 125.0M | 74.3M | 71.7M |
| Trading Financial Assets | 6.5M | -- | 16.8M | 60.4M | 80.0M | -- | -- | -- | -- |
| Accounts Receivable | 121.0M | 109.0M | 88.9M | 75.7M | 93.7M | 74.2M | 76.4M | 60.8M | 50.4M |
| Notes Receivable | 15.0M | 26.0M | 18.5M | 13.4M | 12.4M | 2.4M | 1.3M | 4.6M | 2.2M |
| Notes And Accounts Receivable | 136.0M | 135.0M | 107.0M | 89.1M | 106.0M | 76.6M | 77.8M | 65.4M | 52.6M |
| Prepayments | 3.1M | 1.9M | 4.3M | 1.9M | 7.8M | 4.0M | 2.5M | 2.7M | 1.7M |
| Inventory | 71.7M | 61.9M | 70.1M | 42.7M | 49.9M | 47.4M | 25.7M | 28.5M | 25.1M |
| Total Current Assets | 329.0M | 281.0M | 383.0M | 354.0M | 398.0M | 284.0M | 238.0M | 190.0M | 192.0M |
| Long Term Equity Investment | 1.3M | 1.1M | 310,100 | 389,500 | 437,500 | 205,900 | 237,000 | -- | -- |
| Fixed Assets | 391.0M | 379.0M | 246.0M | 168.0M | 73.3M | 83.0M | 65.6M | 46.9M | -- |
| Fixed Assets Total | 391.0M | 379.0M | 246.0M | 168.0M | 73.3M | 83.0M | 65.6M | 46.9M | 38.3M |
| Construction In Progress | 13.3M | 4.3M | 97.4M | 82.1M | 140.0M | 96.1M | 19.2M | 14.4M | -- |
| Construction In Progress Total | 13.3M | 4.3M | 97.4M | 82.1M | 140.0M | 96.1M | 19.2M | 14.4M | 4.5M |
| Intangible Assets | 18.6M | 19.1M | 19.6M | 20.9M | 22.0M | 23.5M | 21.5M | 21.9M | 5.1M |
| Long Term Deferred Expenses | 14.5M | 15.7M | 2.8M | 5.7M | 5.8M | 8.4M | 6.6M | 212,600 | -- |
| Total Non Current Assets | 542.0M | 540.0M | 419.0M | 407.0M | 402.0M | 213.0M | 115.0M | 87.0M | 65.9M |
| Total Assets | 871.0M | 820.0M | 802.0M | 761.0M | 800.0M | 497.0M | 353.0M | 277.0M | 258.0M |
| Short Term Borrowings | 13.7M | 15.0M | 10.3M | 16.4M | -- | -- | 10.0M | -- | 18.1M |
| Accounts Payable | 59.4M | 58.7M | 72.7M | 32.7M | 48.0M | 30.1M | 22.5M | 18.0M | 28.3M |
| Advance Receipts | 2.0M | -- | -- | -- | -- | -- | 2.9M | 4.4M | 1.5M |
| Contract Liabilities | 6.8M | 6.3M | 5.1M | 3.8M | 5.7M | 10.8M | -- | -- | -- |
| Total Current Liabilities | 156.0M | 139.0M | 135.0M | 121.0M | 88.3M | 69.4M | 71.2M | 43.0M | 54.6M |
| Long Term Borrowings | 71.5M | 49.8M | 26.5M | -- | 66.7M | 61.6M | -- | -- | -- |
| Total Non Current Liabilities | 80.7M | 55.4M | 32.5M | 3.2M | 67.0M | 61.9M | -- | -- | -- |
| Total Liabilities | 237.0M | 194.0M | 168.0M | 124.0M | 155.0M | 131.0M | 71.2M | 43.0M | 54.6M |
| Paid In Capital | 84.2M | 84.2M | 84.2M | 84.2M | 84.2M | 63.1M | 63.1M | 62.5M | 41.7M |
| Capital Reserve | 381.0M | 379.0M | 381.0M | 381.0M | 383.0M | 134.0M | 134.0M | 130.0M | 130.0M |
| Surplus Reserve | 31.5M | 27.1M | 25.9M | 24.6M | 22.9M | 19.7M | 11.2M | 7.2M | 3.6M |
| Retained Earnings | 136.0M | 140.0M | 142.0M | 146.0M | 153.0M | 145.0M | 69.9M | 32.1M | 27.8M |
| Minority Equity | 1.0M | 1.0M | 862,200 | 890,900 | 1.9M | 3.5M | 3.7M | 3.0M | 292,000 |
| Equity Attributable | 634.0M | 625.0M | 634.0M | 636.0M | 642.0M | 362.0M | 278.0M | 231.0M | 203.0M |
| Total Equity | 635.0M | 626.0M | 635.0M | 637.0M | 644.0M | 366.0M | 282.0M | 234.0M | 203.0M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 386.0M | 342.0M | 277.0M | 291.0M | 289.0M | 399.0M | 272.0M | 249.0M | 210.0M |
| Tax Refunds Received | 933,300 | -- | 10,200 | 16,400 | 1.6M | 1.2M | 91,300 | -- | -- |
| Total Operating Cash Inflow | 401.0M | 345.0M | 291.0M | 308.0M | 303.0M | 455.0M | 282.0M | 257.0M | 214.0M |
| Cash Paid For Goods | 228.0M | 210.0M | 222.0M | 188.0M | 193.0M | 243.0M | 153.0M | 170.0M | 136.0M |
| Cash Paid To Employees | 77.4M | 72.7M | 68.6M | 58.4M | 50.5M | 47.5M | 38.8M | 31.8M | 25.0M |
| Taxes Paid | 15.5M | 10.4M | 7.7M | 6.0M | 14.4M | 24.8M | 15.8M | 16.3M | 20.3M |
| Total Operating Cash Outflow | 351.0M | 320.0M | 326.0M | 275.0M | 272.0M | 384.0M | 222.0M | 232.0M | 202.0M |
| Operating Cash Flow | 50.0M | 25.6M | -34.7M | 32.4M | 31.3M | 70.4M | 59.3M | 24.7M | 12.1M |
| Total Investing Cash Inflow | 41.2M | 143.0M | 273.0M | 267.0M | 201.0M | 286.0M | 243.0M | 246.0M | 193.0M |
| Total Investing Cash Outflow | 103.0M | 202.0M | 224.0M | 289.0M | 531.0M | 400.0M | 258.0M | 236.0M | 270.0M |
| Investing Cash Flow | -61.8M | -58.8M | 49.2M | -22.9M | -330.0M | -113.0M | -14.9M | 9.7M | -77.0M |
| Cash From Borrowings | 79.9M | 58.3M | 36.7M | 10.0M | 5.1M | 61.6M | 20.7M | -- | 18.5M |
| Dividends And Interest Paid | 20.4M | 11.2M | 10.6M | 20.3M | 24.9M | 699,700 | 8.6M | 7.9M | 250,500 |
| Debt Repayments | 35.2M | 35.9M | 10.5M | 66.7M | -- | 10.0M | 10.7M | 17.8M | 5.0M |
| Total Financing Cash Inflow | 79.9M | 62.2M | 36.7M | 49.2M | 298.0M | 81.4M | 25.9M | 3.1M | 117.0M |
| Total Financing Cash Outflow | 58.0M | 57.6M | 21.8M | 92.6M | 42.8M | 15.8M | 35.7M | 30.2M | 5.3M |
| Financing Cash Flow | 21.9M | 4.6M | 14.9M | -43.4M | 255.0M | 65.6M | -9.8M | -27.1M | 112.0M |
| Net Change In Cash | 8.9M | -24.1M | 28.8M | -33.2M | -43.9M | 21.7M | 34.6M | 7.3M | 46.0M |
| Ending Cash Balance | 62.6M | 53.7M | 77.7M | 48.9M | 82.0M | 126.0M | 104.0M | 69.7M | 62.4M |
| Capex | 52.0M | 102.0M | 103.0M | 53.6M | 44.9M | 115.0M | 32.9M | 21.5M | 28.8M |