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 | 1.8B | 2.4B | 2.6B | 1.7B | 1.2B | 1.0B | 936.0M | 592.0M | 373.0M | 218.0M | 154.0M | 137.0M |
| Revenue Growth % | -28.2% | -6.7% | 57.4% | 33.8% | 22.8% | 8.1% | 58.1% | 58.7% | 71.1% | 41.6% | 12.4% | -- |
| Total Revenue | 1.8B | 2.4B | 2.6B | 1.7B | 1.2B | 1.0B | 936.0M | 592.0M | 373.0M | 218.0M | 154.0M | 137.0M |
| Cost Of Revenue | 1.8B | 2.6B | 2.3B | 1.4B | 1.1B | 849.0M | 824.0M | 487.0M | 296.0M | 169.0M | 124.0M | 106.0M |
| Gross Profit | -51.0M | -166.0M | 320.0M | 233.0M | 146.0M | 163.0M | 112.0M | 105.0M | 77.0M | 49.0M | 30.0M | 31.0M |
| Gross Margin % | -2.9% | -6.8% | 12.2% | 14.0% | 11.7% | 16.1% | 12.0% | 17.7% | 20.6% | 22.5% | 19.5% | 22.6% |
| Total Operating Cost | 2.3B | 3.0B | 2.5B | 1.5B | 1.2B | 928.0M | 895.0M | 534.0M | 338.0M | 199.0M | 149.0M | 129.0M |
| Selling Expenses | 6.1M | 5.6M | 4.9M | 7.9M | 8.1M | 7.6M | 7.2M | 5.7M | 4.5M | 3.4M | 2.8M | 2.2M |
| Admin Expenses | 99.1M | 72.1M | 44.7M | 20.6M | 16.8M | 11.6M | 10.5M | 10.0M | 26.6M | 16.5M | 11.1M | 10.6M |
| Rd Expenses | 98.8M | 84.8M | 84.2M | 65.8M | 38.9M | 34.0M | 32.0M | 19.4M | -- | -- | -- | -- |
| Finance Expenses | 24.0M | 18.2M | 20.1M | 7.8M | 4.3M | 12.4M | 9.9M | 6.5M | 4.1M | 4.6M | 5.3M | 5.1M |
| Operating Income | -514.0M | -545.0M | 143.0M | 131.0M | 62.9M | 80.1M | 45.5M | 58.4M | 35.0M | 18.9M | 4.9M | 8.2M |
| Operating Margin % | -29.3% | -22.3% | 5.5% | 7.9% | 5.1% | 7.9% | 4.9% | 9.9% | 9.4% | 8.7% | 3.2% | 6.0% |
| Non Operating Income | 198,500 | 2.1M | 4.2M | 3.6M | 413,300 | 6,700 | 115,500 | 5,100 | 2.9M | 1.1M | 343,800 | 1.0M |
| Non Operating Expenses | 8.8M | 409,400 | 1.5M | 46.8M | 310,800 | 384,400 | 186,000 | 6,200 | 459,700 | 872,300 | 17,200 | 452,600 |
| Investment Income | -5.6M | 4.4M | 2.6M | 1,606 | 20,300 | 572.75 | -73,100 | -- | -- | 0.00 | -- | -- |
| Fair Value Change Income | -10.3M | -35.3M | 703,400 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -951,600 | 23,600 | -- | -- | -- | -5.5M | -- | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 175.0M | 155.0M | 1.8M | 1.4M | 2.7M | -164,600 | 9.8M | 3.6M | 4.8M | 5.1M | 4.9M | 3.9M |
| Other Income | 18.6M | 18.2M | 5.9M | 14.7M | 3.5M | 1.6M | 4.5M | 222,500 | -- | -- | -- | -- |
| Income Before Tax | -523.0M | -543.0M | 146.0M | 88.3M | 63.0M | 79.7M | 45.4M | 58.4M | 37.5M | 19.1M | 5.2M | 8.8M |
| Income Tax | -42.0M | -39.9M | 15.0M | 3.4M | 5.9M | 8.3M | 4.6M | 7.4M | 4.9M | 2.2M | 487,900 | 2.2M |
| Net Income | -481.0M | -503.0M | 131.0M | 84.8M | 57.1M | 71.4M | 40.8M | 51.0M | 32.6M | 16.9M | 4.7M | 6.6M |
| Net Margin % | -27.4% | -20.6% | 5.0% | 5.1% | 4.6% | 7.1% | 4.4% | 8.6% | 8.7% | 7.8% | 3.1% | 4.8% |
| Net Income Attributable | -466.0M | -502.0M | 131.0M | 84.8M | 57.1M | 71.4M | 40.8M | 51.0M | 32.6M | 16.9M | 4.7M | 6.6M |
| Minority Interest | -14.7M | -1.6M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Eps Basic | -3.86 | -4.11 | 1.29 | 0.93 | 0.62 | 0.88 | 0.51 | 0.69 | 1.08 | 0.69 | 0.22 | 0.31 |
| Eps Diluted | -3.86 | -4.11 | 1.29 | 0.93 | 0.62 | 0.88 | 0.51 | 0.69 | 1.08 | 0.69 | 0.22 | 0.31 |
| 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 | 227.0M | 276.0M | 324.0M | 111.0M | 199.0M | 184.0M | 44.1M | 89.0M | 77.0M | 21.0M | 7.0M | 7.6M |
| Trading Financial Assets | -- | -- | 256.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 669.0M | 695.0M | 884.0M | 576.0M | 554.0M | 444.0M | 372.0M | 222.0M | 172.0M | 99.0M | 55.4M | 55.1M |
| Notes Receivable | 12.5M | 38.4M | 92.7M | 83.2M | 4.5M | 28.4M | 50.2M | 66.8M | 16.6M | 4.4M | 473,200 | 1.2M |
| Notes And Accounts Receivable | 682.0M | 733.0M | 977.0M | 659.0M | 558.0M | 473.0M | 423.0M | 289.0M | 189.0M | 103.0M | 55.9M | 56.2M |
| Prepayments | 72.2M | 72.2M | 188.0M | 107.0M | 20.6M | 697,000 | 5.8M | 20.9M | 5.7M | 13.8M | 2.4M | 1.3M |
| Inventory | 235.0M | 231.0M | 697.0M | 491.0M | 239.0M | 147.0M | 111.0M | 163.0M | 37.5M | 13.9M | 18.7M | 20.1M |
| Total Current Assets | 1.5B | 1.8B | 2.9B | 1.5B | 1.2B | 910.0M | 592.0M | 577.0M | 312.0M | 169.0M | 90.5M | 90.9M |
| Fixed Assets | 887.0M | 946.0M | 286.0M | 264.0M | 233.0M | 140.0M | 119.0M | 62.0M | 37.0M | 15.2M | 15.2M | 16.7M |
| Fixed Assets Total | 887.0M | 946.0M | 286.0M | 264.0M | 233.0M | 140.0M | 119.0M | 62.0M | 37.2M | 15.2M | 15.2M | 16.7M |
| Construction In Progress | 55.6M | 67.1M | 301.0M | 21.8M | 41.2M | 52.4M | 37.1M | 50.6M | 20.2M | 14.9M | 10.9M | 5.0M |
| Construction In Progress Total | 55.6M | 67.1M | 302.0M | 21.8M | 41.2M | 52.4M | 37.1M | 50.6M | 20.2M | 14.9M | 10.9M | 5.0M |
| Intangible Assets | 55.4M | 96.7M | 82.6M | 51.9M | 22.2M | 22.6M | 23.1M | 23.5M | 24.0M | 23.3M | 57,500 | 73,100 |
| Long Term Deferred Expenses | 11.8M | 17.6M | 2.8M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Assets | 1.2B | 1.3B | 819.0M | 370.0M | 309.0M | 231.0M | 190.0M | 151.0M | 91.1M | 55.3M | 46.2M | 41.5M |
| Total Assets | 2.8B | 3.2B | 3.7B | 1.9B | 1.5B | 1.1B | 782.0M | 728.0M | 403.0M | 224.0M | 137.0M | 132.0M |
| Short Term Borrowings | 530.0M | 210.0M | 335.0M | 220.0M | 62.0M | 80.5M | 70.8M | 34.5M | 34.0M | 63.0M | 58.0M | 63.0M |
| Accounts Payable | 354.0M | 322.0M | 312.0M | 467.0M | 372.0M | 263.0M | 119.0M | 97.1M | 57.2M | 34.8M | 26.0M | 27.2M |
| Advance Receipts | -- | -- | -- | -- | -- | 402,000 | 126,800 | 689,700 | 602,500 | 2.6M | 1.0M | 2.7M |
| Contract Liabilities | 2.6M | 31.6M | 310,300 | 59.6M | 1.2M | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 1.2B | 1.1B | 927.0M | 974.0M | 731.0M | 421.0M | 264.0M | 226.0M | 161.0M | 142.0M | 103.0M | 104.0M |
| Long Term Borrowings | 143.0M | 94.0M | 216.0M | 16.8M | 17.0M | -- | 60.0M | 61.9M | -- | -- | -- | -- |
| Total Non Current Liabilities | 171.0M | 146.0M | 281.0M | 66.3M | 40.4M | 19.5M | 78.0M | 82.3M | 17.1M | 12.4M | -- | -- |
| Total Liabilities | 1.3B | 1.2B | 1.2B | 1.0B | 772.0M | 441.0M | 342.0M | 309.0M | 178.0M | 154.0M | 103.0M | 104.0M |
| Paid In Capital | 122.0M | 122.0M | 122.0M | 91.5M | 91.5M | 91.5M | 80.7M | 40.4M | 36.0M | 27.2M | 21.0M | 21.0M |
| Capital Reserve | 2.0B | 2.0B | 2.0B | 438.0M | 438.0M | 438.0M | 240.0M | 280.0M | 141.0M | 29.2M | -- | -- |
| Surplus Reserve | 49.3M | 49.3M | 49.3M | 33.7M | 26.6M | 21.5M | 14.3M | 10.2M | 5.1M | 1.7M | 1.2M | 748,100 |
| Retained Earnings | -629.0M | -167.0M | 371.0M | 256.0M | 178.0M | 149.0M | 105.0M | 88.3M | 42.9M | 12.4M | 11.0M | 6.7M |
| Minority Equity | 27.5M | 33.8M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 1.4B | 1.9B | 2.5B | 819.0M | 734.0M | 700.0M | 440.0M | 419.0M | 225.0M | 70.5M | 33.2M | 28.5M |
| Total Equity | 1.4B | 2.0B | 2.5B | 819.0M | 734.0M | 700.0M | 440.0M | 419.0M | 225.0M | 70.5M | 33.2M | 28.5M |
| 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 | 721.0M | 986.0M | 666.0M | 239.0M | 209.0M | 283.0M | 142.0M | 118.0M | 110.0M | 54.3M | 53.7M | 39.9M |
| Tax Refunds Received | -- | 12.6M | 43.5M | -- | 6.9M | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 840.0M | 1.1B | 792.0M | 299.0M | 227.0M | 311.0M | 213.0M | 172.0M | 145.0M | 90.1M | 60.3M | 55.1M |
| Cash Paid For Goods | 863.0M | 759.0M | 1.4B | 221.0M | 94.4M | 191.0M | 140.0M | 251.0M | 109.0M | 45.8M | 20.6M | 26.2M |
| Cash Paid To Employees | 88.8M | 78.9M | 48.7M | 28.2M | 20.0M | 21.8M | 16.0M | 11.8M | 9.1M | 5.5M | 4.3M | 4.8M |
| Taxes Paid | 19.7M | 33.1M | 53.7M | 29.3M | 18.4M | 19.2M | 9.0M | 16.0M | 28.8M | 4.8M | 2.7M | 3.6M |
| Total Operating Cash Outflow | 1.1B | 961.0M | 1.7B | 443.0M | 268.0M | 245.0M | 205.0M | 350.0M | 205.0M | 77.5M | 47.6M | 50.8M |
| Operating Cash Flow | -305.0M | 124.0M | -927.0M | -144.0M | -41.2M | 66.0M | 8.1M | -178.0M | -60.0M | 12.6M | 12.7M | 4.3M |
| Total Investing Cash Inflow | 287.0M | 820.0M | 192.0M | 2.9M | 19.5M | 19.3M | 9.8M | 3.1M | 3,000 | 0.00 | -- | -- |
| Total Investing Cash Outflow | 264.0M | 773.0M | 1.0B | 46.4M | 58.0M | 30.4M | 24.3M | 43.9M | 16.2M | 26.7M | 3.4M | 18.3M |
| Investing Cash Flow | 23.4M | 46.5M | -815.0M | -43.6M | -38.5M | -11.1M | -14.5M | -40.7M | -16.2M | -26.7M | -3.4M | -18.3M |
| Cash From Borrowings | 816.0M | 871.0M | 791.0M | 230.0M | 141.0M | 120.0M | 70.8M | 84.5M | 52.0M | 63.0M | 60.7M | 64.8M |
| Dividends And Interest Paid | 25.0M | 55.2M | 17.3M | 5.9M | 29.2M | 32.9M | 29.3M | 4.7M | 4.1M | 4.6M | 5.4M | 5.0M |
| Debt Repayments | 472.0M | 881.0M | 422.0M | 74.0M | 156.0M | 111.0M | 40.1M | 75.0M | 81.0M | 58.0M | 65.7M | 44.8M |
| Total Financing Cash Inflow | 824.0M | 871.0M | 2.6B | 239.0M | 154.0M | 298.0M | 98.8M | 309.0M | 199.0M | 83.7M | 60.7M | 64.8M |
| Total Financing Cash Outflow | 605.0M | 1.1B | 573.0M | 90.3M | 210.0M | 188.0M | 92.0M | 95.4M | 110.0M | 62.6M | 71.1M | 49.8M |
| Financing Cash Flow | 218.0M | -209.0M | 2.0B | 149.0M | -56.3M | 111.0M | 6.8M | 213.0M | 89.3M | 21.1M | -10.4M | 15.0M |
| Net Change In Cash | -63.1M | -38.8M | 246.0M | -39.0M | -136.0M | 166.0M | 429,600 | -5.4M | 13.1M | 7.0M | -1.1M | 967,100 |
| Ending Cash Balance | 151.0M | 214.0M | 253.0M | 7.1M | 46.1M | 182.0M | 16.6M | 16.2M | 21.5M | 8.5M | 1.5M | 2.6M |
| Capex | 102.0M | 222.0M | 245.0M | 44.9M | 42.7M | 15.4M | 23.3M | 35.0M | 13.1M | 26.7M | 3.4M | 18.3M |