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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 884.0M | 763.0M | 744.0M | 1.1B | 676.0M | 568.0M | 439.0M | 228.0M | 80.1M | 43.0M |
| Revenue Growth % | 15.9% | 2.6% | -32.4% | 62.9% | 19.0% | 29.4% | 92.5% | 184.8% | 86.4% | -- |
| Total Revenue | 884.0M | 763.0M | 744.0M | 1.1B | 676.0M | 568.0M | 439.0M | 228.0M | 80.1M | 43.0M |
| Cost Of Revenue | 668.0M | 556.0M | 530.0M | 816.0M | 466.0M | 390.0M | 323.0M | 165.0M | 55.6M | 32.3M |
| Gross Profit | 216.0M | 207.0M | 214.0M | 285.0M | 210.0M | 178.0M | 116.0M | 63.0M | 24.5M | 10.6M |
| Gross Margin % | 24.4% | 27.1% | 28.8% | 25.9% | 31.1% | 31.3% | 26.4% | 27.6% | 30.6% | 24.8% |
| Total Operating Cost | 933.0M | 758.0M | 680.0M | 970.0M | 567.0M | 476.0M | 384.0M | 202.0M | 74.9M | 40.5M |
| Selling Expenses | 54.6M | 40.0M | 31.3M | 33.5M | 27.4M | 21.8M | 18.8M | 12.3M | 7.3M | 2.6M |
| Admin Expenses | 61.6M | 51.7M | 49.6M | 54.0M | 35.1M | 27.1M | 14.2M | 10.0M | 11.5M | 5.3M |
| Rd Expenses | 115.0M | 92.1M | 65.4M | 49.9M | 30.3M | 29.5M | 22.1M | 11.1M | -- | -- |
| Finance Expenses | 14.0M | 6.7M | -1.2M | 4.3M | 398,800 | 1.0M | 782,900 | 163,400 | 44,000 | 86,000 |
| Operating Income | -31.7M | 24.6M | 82.0M | 144.0M | 113.0M | 95.4M | 57.6M | 26.4M | 5.2M | 2.5M |
| Operating Margin % | -3.6% | 3.2% | 11.0% | 13.1% | 16.7% | 16.8% | 13.1% | 11.6% | 6.5% | 5.8% |
| Non Operating Income | 951,200 | 813,600 | 770,900 | 604,600 | 414,500 | 141,900 | -- | 25,500 | 470,500 | 362,900 |
| Non Operating Expenses | 1.9M | 952,200 | 956,100 | 330,200 | 226,600 | 287,300 | 1.2M | 77,700 | 125,500 | 11,900 |
| Investment Income | 10.7M | 7.9M | 2.8M | 4.5M | 1.7M | 612,900 | -- | -- | -- | -- |
| Fair Value Change Income | 37,300 | 2,300 | 169,600 | 66,200 | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -473,500 | -115,600 | -2.3M | -315,300 | -417,600 | 6,800 | 12,000 | -- | -- | -- |
| Asset Impairment Loss | 7.1M | 4.5M | 2.2M | -556,600 | 871,100 | 286,700 | 3.6M | 2.9M | 282,000 | 140,100 |
| Other Income | 8.0M | 12.0M | 16.9M | 9.1M | 2.4M | 3.0M | 3.0M | 316,700 | -- | -- |
| Income Before Tax | -32.7M | 24.5M | 81.8M | 144.0M | 113.0M | 95.3M | 56.4M | 26.4M | 5.5M | 2.8M |
| Income Tax | 2.3M | 232,900 | 3.9M | 15.2M | 13.9M | 11.4M | 6.3M | 3.6M | 403,500 | 352,000 |
| Net Income | -34.9M | 24.2M | 78.0M | 129.0M | 99.5M | 83.9M | 50.1M | 22.8M | 5.1M | 2.5M |
| Net Margin % | -4.0% | 3.2% | 10.5% | 11.7% | 14.7% | 14.8% | 11.4% | 10.0% | 6.4% | 5.8% |
| Net Income Attributable | -13.9M | 24.2M | 78.0M | 129.0M | 99.5M | 83.9M | 50.1M | 22.8M | 5.1M | 2.5M |
| Minority Interest | -21.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Eps Basic | -0.11 | 0.20 | 0.63 | 1.56 | 1.40 | 1.27 | 0.80 | 0.38 | 0.88 | 1.70 |
| Eps Diluted | -0.11 | 0.20 | 0.59 | 1.56 | 1.40 | 1.27 | 0.80 | 0.38 | 0.88 | 1.70 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 78.8M | 72.3M | 247.0M | 73.7M | 41.6M | 54.7M | 25.1M | 6.5M | 9.0M | 1.9M |
| Trading Financial Assets | 12.0M | -- | 100.0M | 40.1M | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 256.0M | 230.0M | 242.0M | 382.0M | 244.0M | 183.0M | 148.0M | 82.8M | 12.0M | 8.5M |
| Notes Receivable | 52.4M | 42.9M | 86.3M | 41.6M | -- | -- | 4.7M | 3.3M | 153,800 | -- |
| Notes And Accounts Receivable | 309.0M | 273.0M | 328.0M | 423.0M | 244.0M | 183.0M | 153.0M | 86.0M | 12.2M | 8.5M |
| Prepayments | 7.1M | 3.5M | 6.9M | 1.8M | 331,000 | 1.6M | 311,500 | 1.0M | 159,700 | 715,600 |
| Inventory | 134.0M | 109.0M | 102.0M | 171.0M | 95.6M | 62.6M | 63.6M | 46.6M | 40.3M | 20.8M |
| Total Current Assets | 830.0M | 804.0M | 998.0M | 895.0M | 442.0M | 354.0M | 243.0M | 140.0M | 62.2M | 31.9M |
| Fixed Assets | -- | 412.0M | 406.0M | 86.4M | 53.8M | 43.0M | 24.9M | 13.9M | 10.4M | 4.6M |
| Fixed Assets Total | 632.0M | 412.0M | 406.0M | 86.4M | 53.8M | 43.0M | 24.9M | 13.9M | 10.4M | 4.6M |
| Construction In Progress | -- | 202.0M | 173.0M | 134.0M | 9.5M | -- | -- | -- | -- | -- |
| Construction In Progress Total | 102,500 | 202.0M | 173.0M | 134.0M | 9.5M | -- | -- | -- | -- | -- |
| Intangible Assets | 30.4M | 32.6M | 24.8M | 27.2M | 20.2M | 1.2M | 913,800 | 587,800 | -- | -- |
| Long Term Deferred Expenses | 3.9M | 5.2M | 7.2M | 5.7M | 395,500 | -- | -- | -- | -- | -- |
| Total Non Current Assets | 685.0M | 671.0M | 627.0M | 285.0M | 102.0M | 46.7M | 27.1M | 16.1M | 10.8M | 4.9M |
| Total Assets | 1.5B | 1.5B | 1.6B | 1.2B | 544.0M | 401.0M | 270.0M | 157.0M | 73.0M | 36.8M |
| Short Term Borrowings | 12.0M | 40.0M | 136.0M | 102.0M | -- | -- | 10.4M | 5.9M | -- | 791,700 |
| Accounts Payable | 228.0M | 188.0M | 201.0M | 242.0M | 186.0M | 113.0M | 134.0M | 75.0M | 38.8M | 19.1M |
| Advance Receipts | -- | -- | -- | -- | 311,700 | 4.5M | 3.3M | 5.8M | 4.9M | 3.5M |
| Contract Liabilities | 3.9M | 1.8M | 4.6M | 6.2M | 2.5M | -- | -- | -- | -- | -- |
| Total Current Liabilities | 389.0M | 316.0M | 449.0M | 422.0M | 208.0M | 138.0M | 170.0M | 109.0M | 45.5M | 31.5M |
| Long Term Borrowings | 43.4M | 60.8M | 73.3M | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 355.0M | 344.0M | 328.0M | 13.9M | 3.8M | 1.7M | 438,800 | -- | -- | -- |
| Total Liabilities | 744.0M | 660.0M | 777.0M | 436.0M | 211.0M | 139.0M | 171.0M | 109.0M | 45.5M | 31.5M |
| Paid In Capital | 123.0M | 123.0M | 123.0M | 94.5M | 70.9M | 70.9M | 56.9M | 20.1M | 20.1M | 3.0M |
| Capital Reserve | 455.0M | 458.0M | 443.0M | 471.0M | 93.3M | 93.3M | 6.0M | 5.0M | 5.0M | -- |
| Surplus Reserve | 46.6M | 46.6M | 45.3M | 38.0M | 25.9M | 15.9M | 7.5M | 2.5M | 243,400 | 228,900 |
| Retained Earnings | 128.0M | 154.0M | 193.0M | 141.0M | 142.0M | 81.0M | 29.3M | 20.4M | 2.2M | 2.1M |
| Minority Equity | -25.3M | -10.8M | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 797.0M | 825.0M | 848.0M | 744.0M | 332.0M | 261.0M | 99.8M | 48.0M | 27.5M | 5.3M |
| Total Equity | 771.0M | 815.0M | 848.0M | 744.0M | 332.0M | 261.0M | 99.8M | 48.0M | 27.5M | 5.3M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 576.0M | 574.0M | 673.0M | 756.0M | 496.0M | 431.0M | 305.0M | 166.0M | 90.1M | 49.7M |
| Tax Refunds Received | 1.2M | 8.3M | 16.3M | 10.9M | -- | -- | -- | 518,300 | -- | -- |
| Total Operating Cash Inflow | 598.0M | 614.0M | 712.0M | 779.0M | 502.0M | 436.0M | 315.0M | 168.0M | 90.6M | 50.0M |
| Cash Paid For Goods | 243.0M | 208.0M | 285.0M | 526.0M | 238.0M | 256.0M | 170.0M | 121.0M | 55.7M | 36.5M |
| Cash Paid To Employees | 212.0M | 173.0M | 145.0M | 174.0M | 105.0M | 86.9M | 59.7M | 24.0M | 16.5M | 7.8M |
| Taxes Paid | 39.3M | 31.8M | 33.0M | 41.3M | 39.0M | 35.6M | 18.0M | 8.1M | 2.8M | 717,400 |
| Total Operating Cash Outflow | 569.0M | 472.0M | 510.0M | 782.0M | 424.0M | 412.0M | 284.0M | 169.0M | 86.3M | 49.0M |
| Operating Cash Flow | 29.0M | 143.0M | 202.0M | -3.2M | 77.9M | 24.8M | 30.9M | -956,900 | 4.3M | 1.1M |
| Total Investing Cash Inflow | 263.0M | 970.0M | 237.0M | 290.0M | 2.2M | 18.5M | -- | -- | 17,600 | 98,000 |
| Total Investing Cash Outflow | 240.0M | 1.1B | 640.0M | 623.0M | 60.1M | 78.5M | 12.9M | 7.3M | 7.0M | 3.8M |
| Investing Cash Flow | 23.2M | -144.0M | -403.0M | -333.0M | -57.9M | -59.9M | -12.9M | -7.3M | -7.0M | -3.7M |
| Cash From Borrowings | 12.0M | 127.0M | 235.0M | 127.0M | -- | 51.1M | 33.8M | 5.9M | -- | 860,000 |
| Dividends And Interest Paid | 15.6M | 61.7M | 25.1M | 121.0M | 28.6M | 19.9M | 14.5M | -- | 69,400 | 82,100 |
| Debt Repayments | 57.6M | 237.0M | 110.0M | 24.9M | -- | 61.5M | 29.3M | -- | 791,700 | 768,300 |
| Total Financing Cash Inflow | 18.5M | 128.0M | 524.0M | 545.0M | -- | 157.0M | 50.3M | 6.0M | 21.5M | 5.6M |
| Total Financing Cash Outflow | 75.6M | 303.0M | 149.0M | 176.0M | 32.8M | 89.8M | 49.8M | 2.1M | 11.8M | 1.3M |
| Financing Cash Flow | -57.1M | -175.0M | 375.0M | 369.0M | -32.8M | 66.9M | 523,600 | 3.9M | 9.7M | 4.3M |
| Net Change In Cash | -3.8M | -175.0M | 173.0M | 32.2M | -13.2M | 31.7M | 18.6M | -4.5M | 7.1M | 1.6M |
| Ending Cash Balance | 68.5M | 72.3M | 247.0M | 73.7M | 41.6M | 54.7M | 23.0M | 4.4M | 9.0M | 1.9M |
| Capex | 55.4M | 92.1M | 355.0M | 177.0M | 60.1M | 23.5M | 12.9M | 7.3M | 7.0M | 3.8M |