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 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 444.0M | 419.0M | 435.0M | 398.0M | 342.0M | 288.0M | 292.0M | 267.0M | 236.0M | 165.0M | 158.0M | 141.0M | 99.3M |
| Revenue Growth % | 6.0% | -3.7% | 9.3% | 16.4% | 18.8% | -1.4% | 9.4% | 13.1% | 43.0% | 4.4% | 12.1% | 41.9% | -- |
| Total Revenue | 444.0M | 419.0M | 435.0M | 398.0M | 342.0M | 288.0M | 292.0M | 267.0M | 236.0M | 165.0M | 158.0M | 141.0M | 99.3M |
| Cost Of Revenue | 326.0M | 321.0M | 297.0M | 254.0M | 233.0M | 168.0M | 171.0M | 163.0M | 143.0M | 103.0M | 97.8M | 95.4M | 73.5M |
| Gross Profit | 118.0M | 98.0M | 138.0M | 144.0M | 109.0M | 120.0M | 121.0M | 104.0M | 93.0M | 62.0M | 60.2M | 45.6M | 25.8M |
| Gross Margin % | 26.6% | 23.4% | 31.7% | 36.2% | 31.9% | 41.7% | 41.4% | 39.0% | 39.4% | 37.6% | 38.1% | 32.3% | 26.0% |
| Total Operating Cost | 382.0M | 366.0M | 340.0M | 293.0M | 272.0M | 210.0M | 209.0M | 197.0M | 179.0M | 126.0M | 123.0M | 118.0M | 90.6M |
| Selling Expenses | 4.5M | 6.3M | 3.4M | 3.3M | 2.2M | 4.3M | 4.7M | 3.7M | 3.9M | 2.8M | 3.1M | 2.6M | 1.5M |
| Admin Expenses | 34.7M | 31.9M | 31.0M | 27.0M | 24.8M | 22.4M | 20.1M | 22.9M | 15.3M | 20.7M | 20.7M | 16.0M | 11.1M |
| Rd Expenses | 15.1M | 12.8M | 15.4M | 13.3M | 10.9M | 10.2M | 11.4M | 8.7M | 10.1M | -- | -- | -- | -- |
| Finance Expenses | -2.2M | -11.2M | -9.3M | -7.6M | -1.1M | 1.5M | -905,800 | -5.6M | 4.0M | -2.4M | 19,300 | 2.5M | 3.8M |
| Operating Income | 75.9M | 63.5M | 107.0M | 123.0M | 77.0M | 83.7M | 87.0M | 72.1M | 57.1M | 38.7M | 34.9M | 22.8M | 8.7M |
| Operating Margin % | 17.1% | 15.1% | 24.6% | 30.9% | 22.5% | 29.1% | 29.8% | 27.0% | 24.2% | 23.4% | 22.1% | 16.2% | 8.8% |
| Non Operating Income | 4,200 | -- | 80,000 | 8,200 | 4,200 | 400.00 | -- | 1.8M | 800,300 | 2.7M | 414,500 | 259,300 | 26,900 |
| Non Operating Expenses | 59,700 | 37,800 | 804,800 | 305,600 | 499,000 | 661,600 | 546,500 | 267,700 | 763,000 | 528,900 | 27,700 | 700.00 | 42,000 |
| Investment Income | 12.5M | 7.9M | 10.0M | 15.6M | 6.3M | 5.1M | 3.9M | 1.1M | -- | -- | 61,200 | -- | 15,800 |
| Asset Disposal Income | 25,700 | -- | -- | 41,400 | 13,400 | 42,300 | -- | 45,200 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 338,200 | 928,200 | 354,300 | 2,100 | -- | 78,100 | -11,300 | 1.6M | 145,600 | 33,900 | 665,800 | 535,700 | 584,100 |
| Other Income | 2.0M | 2.5M | 2.5M | 2.0M | 333,800 | 282,300 | 170,300 | 1.2M | 485,500 | -- | -- | -- | -- |
| Income Before Tax | 75.8M | 63.4M | 107.0M | 123.0M | 76.5M | 83.1M | 86.4M | 73.6M | 57.1M | 40.9M | 35.3M | 23.1M | 8.7M |
| Income Tax | 9.2M | 7.5M | 13.4M | 16.0M | 10.2M | 11.6M | 12.0M | 10.8M | 8.3M | 5.9M | 5.1M | 3.4M | 1.8M |
| Net Income | 66.6M | 56.0M | 93.3M | 107.0M | 66.3M | 71.5M | 74.4M | 62.8M | 48.8M | 34.9M | 30.2M | 19.7M | 6.9M |
| Net Margin % | 15.0% | 13.4% | 21.5% | 26.9% | 19.4% | 24.8% | 25.5% | 23.5% | 20.7% | 21.2% | 19.1% | 14.0% | 6.9% |
| Net Income Attributable | 66.6M | 56.0M | 93.3M | 107.0M | 66.3M | 71.5M | 74.4M | 62.8M | 48.8M | 34.9M | 30.2M | 19.7M | 6.9M |
| Eps Basic | 0.38 | 0.32 | 0.69 | 0.80 | 0.79 | 1.20 | 1.25 | 1.05 | 0.82 | 0.63 | 0.60 | 0.39 | 0.14 |
| Eps Diluted | 0.38 | 0.32 | 0.69 | 0.80 | 0.79 | 1.20 | 1.25 | 1.05 | 0.82 | 0.63 | 0.60 | -- | -- |
| 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 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 114.0M | 135.0M | 282.0M | 140.0M | 187.0M | 49.2M | 37.3M | 29.6M | 98.0M | 74.2M | 19.8M | 5.4M | 7.4M |
| Trading Financial Assets | 580.0M | 540.0M | 291.0M | 560.0M | 520.0M | 170.0M | 135.0M | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 68.7M | 61.4M | 52.7M | 74.5M | 62.9M | 50.7M | 49.6M | 64.3M | 31.2M | 32.0M | 40.9M | 28.5M | 18.5M |
| Notes Receivable | -- | -- | 460,600 | -- | -- | -- | 370,200 | 6.9M | 11.5M | 9.4M | 1.5M | 880,600 | 1.4M |
| Notes And Accounts Receivable | 68.7M | 61.4M | 53.2M | 74.5M | 62.9M | 50.7M | 50.0M | 71.2M | 42.7M | 41.4M | 42.3M | 29.4M | 20.0M |
| Prepayments | 1.2M | 1.3M | 3.6M | 241,600 | 122,900 | 3.3M | 177,800 | 1.2M | 714,200 | 291,600 | 717,100 | 365,300 | 287,300 |
| Inventory | 51.4M | 55.1M | 95.1M | 47.8M | 39.0M | 30.6M | 27.8M | 22.9M | 17.1M | 16.3M | 12.7M | 6.3M | 8.3M |
| Total Current Assets | 841.0M | 811.0M | 759.0M | 836.0M | 824.0M | 309.0M | 258.0M | 215.0M | 161.0M | 133.0M | 75.5M | 42.4M | 36.0M |
| Fixed Assets | 277.0M | 303.0M | 321.0M | 169.0M | 36.3M | 41.5M | 47.8M | 54.6M | 61.3M | 66.4M | 72.5M | 58.9M | 64.1M |
| Fixed Assets Total | 277.0M | 303.0M | 321.0M | 169.0M | 36.3M | 41.5M | 47.8M | 54.6M | 61.3M | 66.4M | 72.5M | 58.9M | 64.1M |
| Construction In Progress | 56.6M | 17.6M | 14.3M | 153.0M | 158.0M | 48.0M | 15.3M | 784,200 | 535,800 | 631,700 | -- | 12.0M | -- |
| Construction In Progress Total | 56.6M | 17.6M | 14.3M | 153.0M | 158.0M | 48.0M | 15.3M | 784,200 | 535,800 | 631,700 | -- | 12.6M | -- |
| Intangible Assets | 58.7M | 60.5M | 56.5M | 56.7M | 58.0M | 59.4M | 60.7M | 62.0M | 12.4M | 12.7M | 12.9M | 13.2M | 13.5M |
| Long Term Deferred Expenses | 1.1M | 730,000 | 1.1M | 642,500 | 1.2M | 446,200 | 727,500 | 825,600 | 850,100 | 521,600 | -- | 70,800 | 117,900 |
| Total Non Current Assets | 454.0M | 443.0M | 455.0M | 417.0M | 270.0M | 160.0M | 125.0M | 119.0M | 88.5M | 80.5M | 85.8M | 85.1M | 78.0M |
| Total Assets | 1.3B | 1.3B | 1.2B | 1.3B | 1.1B | 469.0M | 383.0M | 334.0M | 249.0M | 213.0M | 161.0M | 127.0M | 114.0M |
| Short Term Borrowings | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 15.3M | -- | -- |
| Accounts Payable | 59.0M | 55.8M | 74.6M | 99.9M | 46.2M | 37.8M | 39.4M | 34.7M | 11.6M | 13.3M | 14.4M | 11.9M | 10.2M |
| Advance Receipts | -- | -- | -- | -- | -- | -- | 2.1M | 941,300 | 866,500 | 1.4M | 1.0M | 4.6M | 592,600 |
| Contract Liabilities | 9.0M | 4.9M | 869,200 | 10.9M | 5.2M | 3.5M | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 100.0M | 95.8M | 89.2M | 169.0M | 79.8M | 54.6M | 65.1M | 47.6M | 21.1M | 20.8M | 85.6M | 34.6M | 27.7M |
| Long Term Borrowings | -- | -- | -- | -- | -- | 22.9M | -- | -- | -- | -- | -- | 20.0M | 35.0M |
| Total Non Current Liabilities | 8.3M | 10.5M | 11.0M | 2.1M | 862,200 | 23.3M | 177,600 | -- | -- | -- | -- | 20.0M | 35.0M |
| Total Liabilities | 108.0M | 106.0M | 100.0M | 171.0M | 80.7M | 77.9M | 65.3M | 47.6M | 21.1M | 20.8M | 85.6M | 54.6M | 62.7M |
| Paid In Capital | 175.0M | 135.0M | 135.0M | 103.0M | 79.6M | 59.6M | 59.6M | 59.6M | 59.6M | 59.6M | 50.0M | 50.0M | 50.0M |
| Capital Reserve | 520.0M | 557.0M | 558.0M | 584.0M | 608.0M | 73.5M | 73.5M | 73.5M | 73.5M | 73.5M | 3.4M | -- | -- |
| Surplus Reserve | 68.7M | 62.1M | 56.5M | 47.1M | 36.4M | 29.8M | 25.1M | 17.7M | 11.4M | 6.5M | 3.0M | 2.0M | 30,500 |
| Retained Earnings | 411.0M | 382.0M | 351.0M | 329.0M | 273.0M | 213.0M | 147.0M | 124.0M | 75.2M | 46.2M | 14.8M | 18.0M | 274,700 |
| Equity Attributable | 1.2B | 1.1B | 1.1B | 1.1B | 1.0B | 391.0M | 318.0M | 286.0M | 228.0M | 192.0M | 75.7M | 72.8M | 51.4M |
| Total Equity | 1.2B | 1.1B | 1.1B | 1.1B | 1.0B | 391.0M | 318.0M | 286.0M | 228.0M | 192.0M | 75.7M | 72.8M | 51.4M |
| 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 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 291.0M | 327.0M | 321.0M | 305.0M | 256.0M | 235.0M | 271.0M | 209.0M | 215.0M | 155.0M | 127.0M | 115.0M | 98.6M |
| Tax Refunds Received | 1.6M | 7.3M | 10.7M | 12.4M | 15.8M | 2.4M | 69,400 | 897,300 | 457,900 | 229,900 | 1.3M | 18,300 | 1.3M |
| Total Operating Cash Inflow | 303.0M | 345.0M | 350.0M | 323.0M | 274.0M | 239.0M | 272.0M | 214.0M | 217.0M | 159.0M | 128.0M | 116.0M | 100.0M |
| Cash Paid For Goods | 124.0M | 110.0M | 219.0M | 119.0M | 137.0M | 101.0M | 106.0M | 118.0M | 106.0M | 77.3M | 73.0M | 67.3M | 74.1M |
| Cash Paid To Employees | 70.0M | 65.3M | 60.6M | 47.0M | 40.6M | 32.7M | 30.9M | 27.8M | 22.7M | 19.9M | 15.3M | 10.7M | 8.9M |
| Taxes Paid | 19.9M | 14.4M | 24.9M | 9.0M | 11.2M | 21.8M | 23.4M | 18.5M | 18.0M | 13.2M | 6.1M | 6.7M | 1.6M |
| Total Operating Cash Outflow | 227.0M | 205.0M | 328.0M | 190.0M | 199.0M | 166.0M | 171.0M | 174.0M | 156.0M | 118.0M | 104.0M | 90.4M | 88.8M |
| Operating Cash Flow | 76.2M | 139.0M | 22.3M | 132.0M | 75.6M | 72.6M | 101.0M | 39.7M | 60.4M | 40.8M | 24.3M | 25.2M | 11.2M |
| Total Investing Cash Inflow | 2.0B | 1.3B | 1.5B | 2.0B | 942.0M | 742.0M | 510.0M | 161.0M | -- | 22,800 | 31.1M | 18,700 | 15,800 |
| Total Investing Cash Outflow | 2.0B | 1.6B | 1.3B | 2.1B | 1.4B | 848.0M | 562.0M | 266.0M | 17.8M | 2.6M | 39.7M | 9.7M | 1.5M |
| Investing Cash Flow | -64.4M | -274.0M | 185.0M | -143.0M | -437.0M | -105.0M | -51.6M | -105.0M | -17.8M | -2.6M | -8.7M | -9.7M | -1.5M |
| Cash From Borrowings | -- | -- | -- | -- | 42.4M | 22.8M | -- | -- | -- | -- | 15.3M | -- | -- |
| Dividends And Interest Paid | 30.9M | 20.2M | 62.1M | 39.8M | 1.9M | 5.8M | 40.5M | 6.1M | 14.9M | 29.5M | 2.3M | 2.7M | 3.4M |
| Debt Repayments | -- | -- | -- | -- | 65.3M | -- | -- | -- | -- | 35.3M | 15.0M | 15.0M | -- |
| Total Financing Cash Inflow | -- | -- | -- | -- | 619.0M | 22.8M | -- | -- | -- | 79.9M | 27.3M | -- | -- |
| Total Financing Cash Outflow | 30.9M | 20.2M | 62.1M | 40.1M | 90.8M | 7.7M | 40.5M | 6.1M | 16.8M | 65.0M | 29.3M | 17.7M | 3.4M |
| Financing Cash Flow | -30.9M | -20.2M | -62.1M | -40.1M | 528.0M | 15.2M | -40.5M | -6.1M | -16.8M | 14.9M | -2.0M | -17.7M | -3.4M |
| Net Change In Cash | -18.7M | -153.0M | 146.0M | -49.2M | 166.0M | -18.2M | 7.7M | -68.4M | 23.9M | 54.4M | 14.3M | -2.0M | 5.9M |
| Ending Cash Balance | 111.0M | 130.0M | 282.0M | 136.0M | 185.0M | 19.1M | 37.3M | 29.6M | 98.0M | 74.2M | 19.8M | 5.4M | 7.4M |
| Capex | 37.8M | 33.2M | 69.9M | 92.5M | 114.0M | 43.4M | 17.1M | 16.1M | 17.8M | 2.6M | 8.7M | 9.7M | 1.5M |