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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.4B | 1.1B | 755.0M | 385.0M | 226.0M | 191.0M | 158.0M | 135.0M | 76.2M | 56.2M | 47.9M |
| Revenue Growth % | 34.1% | 40.4% | 96.1% | 70.4% | 18.3% | 20.9% | 17.0% | 77.2% | 35.7% | 17.3% | -- |
| Total Revenue | 1.4B | 1.1B | 755.0M | 385.0M | 226.0M | 191.0M | 158.0M | 135.0M | 76.2M | 56.2M | 47.9M |
| Cost Of Revenue | 856.0M | 626.0M | 438.0M | 228.0M | 127.0M | 105.0M | 83.5M | 68.8M | 40.9M | 33.8M | 31.5M |
| Gross Profit | 565.0M | 434.0M | 317.0M | 157.0M | 99.0M | 86.0M | 74.5M | 66.2M | 35.3M | 22.4M | 16.4M |
| Gross Margin % | 39.8% | 40.9% | 42.0% | 40.8% | 43.8% | 45.0% | 47.1% | 49.0% | 46.4% | 39.9% | 34.3% |
| Total Operating Cost | 1.2B | 931.0M | 588.0M | 308.0M | 172.0M | 151.0M | 124.0M | 117.0M | 61.9M | 46.8M | 41.3M |
| Selling Expenses | 82.1M | 73.8M | 34.0M | 22.1M | 12.8M | 14.9M | 14.3M | 13.9M | 8.6M | 5.0M | 3.8M |
| Admin Expenses | 94.1M | 82.3M | 43.6M | 24.4M | 12.1M | 12.6M | 11.5M | 20.9M | 11.1M | 7.3M | 5.0M |
| Rd Expenses | 136.0M | 121.0M | 54.8M | 27.9M | 14.6M | 14.4M | 11.7M | 9.4M | -- | -- | -- |
| Finance Expenses | 7.3M | 4.4M | -1.2M | -528,600 | -511,100 | -174,600 | 569,400 | 691,400 | -19,100 | 107,300 | 255,700 |
| Operating Income | 218.0M | 134.0M | 172.0M | 80.2M | 54.8M | 40.0M | 33.4M | 18.0M | 14.3M | 9.4M | 6.5M |
| Operating Margin % | 15.3% | 12.6% | 22.8% | 20.8% | 24.2% | 20.9% | 21.1% | 13.3% | 18.7% | 16.6% | 13.6% |
| Non Operating Income | 393,500 | 2.6M | 3.5M | 11.4M | 9.1M | 2.4M | 2.2M | 1.3M | 622,900 | 24,800 | 238,600 |
| Non Operating Expenses | 412,500 | 287,900 | 1.6M | 980,600 | 59,400 | 118,100 | 225,400 | 14,000 | 28,600 | -- | 70,100 |
| Investment Income | -295,900 | 623,900 | 5.6M | 3.2M | 704,400 | 185,500 | -- | -- | -- | 11,300 | -51,000 |
| Asset Disposal Income | -550,200 | -637,900 | -286,100 | 101,300 | -- | -122,200 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 14.0M | 3.7M | 5.2M | 2.1M | 913,400 | 629,400 | 1.0M | 1.8M | 781,400 | 181,100 | 344,400 |
| Other Income | 10.5M | 5.3M | 356,600 | 38,700 | 225,900 | -- | -- | -- | -- | -- | -- |
| Income Before Tax | 218.0M | 136.0M | 174.0M | 90.6M | 63.8M | 42.3M | 35.4M | 19.3M | 14.9M | 9.4M | 6.7M |
| Income Tax | 30.7M | 19.3M | 20.4M | 10.1M | 8.4M | 4.8M | 4.2M | 3.9M | 2.1M | 1.5M | 1.1M |
| Net Income | 187.0M | 117.0M | 154.0M | 80.5M | 55.4M | 37.4M | 31.2M | 15.4M | 12.8M | 7.9M | 5.6M |
| Net Margin % | 13.2% | 11.0% | 20.4% | 20.9% | 24.5% | 19.6% | 19.8% | 11.4% | 16.8% | 14.1% | 11.7% |
| Net Income Attributable | 187.0M | 117.0M | 154.0M | 80.5M | 55.4M | 37.7M | 31.7M | 15.9M | 12.8M | 7.9M | 5.6M |
| Minority Interest | -- | -- | -- | -- | -- | -264,200 | -464,500 | -548,800 | -43,600 | -- | -- |
| Eps Basic | 2.83 | 1.77 | 2.32 | 1.11 | 1.11 | 0.78 | 0.72 | 0.37 | 0.58 | 0.88 | 0.96 |
| Eps Diluted | 2.69 | 1.69 | 2.32 | 1.11 | 1.11 | 0.78 | 0.72 | 0.37 | 0.58 | 0.88 | 0.96 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 288.0M | 216.0M | 130.0M | 78.5M | 29.5M | 31.1M | 8.1M | 11.9M | 9.5M | 6.8M | 2.1M |
| Trading Financial Assets | -- | -- | -- | 90.0M | 30.0M | 20.0M | -- | -- | -- | -- | -- |
| Accounts Receivable | 610.0M | 443.0M | 309.0M | 161.0M | 123.0M | 85.9M | 68.8M | 56.8M | 32.3M | 21.4M | 18.7M |
| Notes Receivable | 438.0M | 242.0M | 227.0M | 153.0M | 71.3M | 62.4M | 58.9M | 34.2M | 2.8M | 3.6M | 5.0M |
| Notes And Accounts Receivable | 1.0B | 685.0M | 536.0M | 313.0M | 194.0M | 148.0M | 128.0M | 91.0M | 35.0M | 25.0M | 23.7M |
| Prepayments | 3.1M | 2.7M | 10.4M | 4.7M | 2.5M | 1.7M | 1.3M | 640,600 | 854,500 | 1.2M | 665,100 |
| Inventory | 228.0M | 228.0M | 227.0M | 116.0M | 50.1M | 37.3M | 28.1M | 31.4M | 24.9M | 14.3M | 13.2M |
| Total Current Assets | 1.6B | 1.1B | 991.0M | 787.0M | 314.0M | 260.0M | 166.0M | 135.0M | 71.1M | 47.9M | 40.0M |
| Fixed Assets | -- | 367.0M | 255.0M | 33.4M | 25.2M | 13.8M | 14.3M | 7.7M | 3.2M | 2.6M | 1.3M |
| Fixed Assets Total | 424.0M | 367.0M | 255.0M | 33.4M | 25.2M | 13.8M | 14.3M | 7.7M | 3.2M | 2.6M | 1.3M |
| Construction In Progress | -- | 65.4M | 56.9M | 127.0M | 14.1M | 11.0M | 2.8M | 1.7M | -- | -- | -- |
| Construction In Progress Total | 97.6M | 70.7M | 57.2M | 127.0M | 14.1M | 11.0M | 2.8M | 1.7M | -- | -- | -- |
| Intangible Assets | 58.0M | 29.5M | 24.3M | 12.4M | 11.8M | 870,500 | 656,000 | 530,100 | 42,300 | 50,700 | 27,700 |
| Long Term Deferred Expenses | 23.1M | 22.2M | 510,200 | 490,500 | 857,500 | 567,500 | 814,500 | 1.4M | 46,500 | 231,100 | 316,700 |
| Total Non Current Assets | 666.0M | 549.0M | 374.0M | 189.0M | 60.7M | 30.1M | 20.1M | 12.7M | 3.8M | 3.1M | 1.8M |
| Total Assets | 2.2B | 1.7B | 1.4B | 976.0M | 374.0M | 290.0M | 186.0M | 148.0M | 74.8M | 50.9M | 41.8M |
| Short Term Borrowings | 232.0M | 183.0M | -- | -- | -- | -- | 5.0M | 12.0M | -- | -- | -- |
| Accounts Payable | 310.0M | 189.0M | 204.0M | 95.7M | 57.0M | 44.2M | 29.4M | 30.7M | 21.9M | 13.1M | 10.9M |
| Advance Receipts | -- | -- | 200.00 | 200.00 | 900.00 | 211,000 | 295,200 | 120,700 | 650,900 | 363,200 | 475,900 |
| Contract Liabilities | 1.5M | 507,800 | 444,100 | 553,700 | 161,700 | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 956.0M | 696.0M | 500.0M | 252.0M | 127.0M | 97.8M | 77.5M | 72.2M | 27.6M | 18.1M | 16.9M |
| Long Term Borrowings | 116.0M | -- | 25.1M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 123.0M | 2.0M | 27.7M | 591,400 | 511,300 | 607,900 | 703,500 | -- | -- | -- | -- |
| Total Liabilities | 1.1B | 698.0M | 528.0M | 253.0M | 128.0M | 98.4M | 78.2M | 72.2M | 27.6M | 18.1M | 16.9M |
| Paid In Capital | 66.3M | 66.3M | 66.3M | 66.3M | 49.7M | 49.7M | 43.7M | 23.0M | 11.5M | 5.8M | 5.8M |
| Capital Reserve | 594.0M | 538.0M | 466.0M | 466.0M | 86.1M | 86.1M | 35.8M | 35.8M | 23.9M | -- | -- |
| Surplus Reserve | 33.1M | 33.1M | 33.1M | 23.3M | 15.4M | 10.0M | 6.1M | 2.9M | 1.2M | 2.7M | 1.9M |
| Retained Earnings | 490.0M | 349.0M | 272.0M | 168.0M | 95.5M | 45.5M | 21.1M | 13.4M | 10.6M | 24.3M | 17.2M |
| Minority Equity | -- | -- | -- | -- | -- | -- | 943,000 | 907,500 | -43,600 | -- | -- |
| Equity Attributable | 1.2B | 986.0M | 837.0M | 723.0M | 247.0M | 191.0M | 107.0M | 75.1M | 47.2M | 32.8M | 24.9M |
| Total Equity | 1.2B | 986.0M | 837.0M | 723.0M | 247.0M | 191.0M | 108.0M | 76.0M | 47.2M | 32.8M | 24.9M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 1.2B | 1.0B | 606.0M | 314.0M | 205.0M | 193.0M | 141.0M | 72.3M | 50.1M | 45.4M | 30.9M |
| Tax Refunds Received | -- | -- | 424,600 | 1.9M | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 1.2B | 1.0B | 613.0M | 330.0M | 216.0M | 195.0M | 144.0M | 74.1M | 50.9M | 45.6M | 31.2M |
| Cash Paid For Goods | 681.0M | 610.0M | 392.0M | 187.0M | 111.0M | 96.2M | 70.0M | 21.5M | 16.4M | 17.2M | 14.3M |
| Cash Paid To Employees | 248.0M | 208.0M | 113.0M | 69.9M | 40.0M | 34.8M | 32.4M | 23.8M | 14.2M | 9.2M | 6.4M |
| Taxes Paid | 112.0M | 70.9M | 28.5M | 18.5M | 23.3M | 18.7M | 16.2M | 15.3M | 8.7M | 5.5M | 4.0M |
| Total Operating Cash Outflow | 1.1B | 943.0M | 575.0M | 305.0M | 193.0M | 166.0M | 134.0M | 74.9M | 48.6M | 36.1M | 27.7M |
| Operating Cash Flow | 122.0M | 84.7M | 37.9M | 25.1M | 22.5M | 29.5M | 9.3M | -754,700 | 2.3M | 9.5M | 3.5M |
| Total Investing Cash Inflow | 169,100 | 346.0M | 893.0M | 361.0M | 201.0M | 20.4M | 1,611 | -- | 938.00 | 5.6M | -- |
| Total Investing Cash Outflow | 145.0M | 482.0M | 891.0M | 739.0M | 225.0M | 73.2M | 7.6M | 10.6M | 1.2M | 7.1M | 1.2M |
| Investing Cash Flow | -145.0M | -135.0M | 1.9M | -379.0M | -24.5M | -52.8M | -7.6M | -10.6M | -1.2M | -1.5M | -1.2M |
| Cash From Borrowings | 431.0M | 214.0M | 35.1M | 32.2M | 6.0M | 10.0M | 26.5M | 13.0M | -- | 2.0M | 20,000 |
| Dividends And Interest Paid | 52.8M | 46.0M | 40.8M | 7,800 | 900.00 | 9.6M | 676,900 | 505,000 | -- | 324,200 | 357,700 |
| Debt Repayments | 267.0M | 65.7M | -- | 32.2M | 6.0M | 15.0M | 33.5M | 1.0M | -- | 2.0M | 1.0M |
| Total Financing Cash Inflow | 431.0M | 214.0M | 35.1M | 451.0M | 6.0M | 67.6M | 27.0M | 14.5M | 1.6M | 2.0M | 20,000 |
| Total Financing Cash Outflow | 346.0M | 113.0M | 42.9M | 54.6M | 6.0M | 26.6M | 34.2M | 1.6M | -- | 5.2M | 1.6M |
| Financing Cash Flow | 84.6M | 101.0M | -7.8M | 396.0M | -876.51 | 41.0M | -7.2M | 12.9M | 1.6M | -3.2M | -1.6M |
| Net Change In Cash | 61.8M | 51.4M | 32.8M | 42.5M | -2.3M | 17.7M | -5.3M | 1.5M | 2.7M | 4.7M | 724,700 |
| Ending Cash Balance | 210.0M | 148.0M | 96.4M | 63.6M | 21.1M | 23.4M | 5.7M | 11.0M | 9.5M | 6.8M | 2.1M |
| Capex | 142.0M | 193.0M | 188.0M | 142.0M | 35.2M | 13.2M | 7.6M | 10.6M | 1.2M | 1.5M | 1.2M |