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 | 395.0M | 358.0M | 312.0M | 403.0M | 308.0M | 304.0M | 280.0M | 231.0M | 180.0M | 131.0M | 82.3M | 56.1M |
| Revenue Growth % | 10.3% | 14.7% | -22.6% | 30.8% | 1.3% | 8.6% | 21.2% | 28.3% | 37.4% | 59.2% | 46.6% | -- |
| Total Revenue | 395.0M | 358.0M | 312.0M | 403.0M | 308.0M | 304.0M | 280.0M | 231.0M | 180.0M | 131.0M | 82.3M | 56.1M |
| Cost Of Revenue | 207.0M | 196.0M | 166.0M | 217.0M | 151.0M | 155.0M | 158.0M | 136.0M | 97.3M | 65.1M | 42.6M | 28.1M |
| Gross Profit | 188.0M | 162.0M | 146.0M | 186.0M | 157.0M | 149.0M | 122.0M | 95.0M | 82.7M | 65.9M | 39.7M | 28.0M |
| Gross Margin % | 47.6% | 45.3% | 46.8% | 46.2% | 51.0% | 49.0% | 43.6% | 41.1% | 45.9% | 50.3% | 48.3% | 49.9% |
| Total Operating Cost | 361.0M | 330.0M | 291.0M | 330.0M | 257.0M | 253.0M | 232.0M | 199.0M | 147.0M | 100.0M | 75.0M | 47.8M |
| Selling Expenses | 38.7M | 38.6M | 35.6M | 39.3M | 31.5M | 31.5M | 26.1M | 20.4M | 17.8M | 10.5M | 8.5M | 4.7M |
| Admin Expenses | 29.7M | 27.2M | 25.9M | 24.3M | 21.5M | 20.0M | 16.5M | 16.1M | 24.6M | 20.7M | 21.4M | 12.3M |
| Rd Expenses | 38.4M | 38.5M | 31.0M | 33.7M | 29.9M | 25.1M | 18.8M | 15.5M | -- | -- | -- | -- |
| Finance Expenses | -922,000 | -513,700 | -898,900 | -1.1M | 245,600 | 5,500 | -185,300 | -262,000 | -152,100 | -174,000 | 97,000 | 49,600 |
| Operating Income | 58.0M | 60.6M | 41.0M | 93.2M | 64.6M | 66.2M | 58.3M | 49.2M | 33.9M | 30.7M | 7.2M | 8.4M |
| Operating Margin % | 14.7% | 16.9% | 13.1% | 23.1% | 21.0% | 21.8% | 20.8% | 21.3% | 18.9% | 23.4% | 8.8% | 14.9% |
| Non Operating Income | 2.9M | 769,100 | 70,200 | 134,900 | 179,100 | 300,000 | 301,600 | 1.7M | 14.9M | 9.0M | 12.7M | 2.4M |
| Non Operating Expenses | 313,500 | 67,300 | 132,000 | 564,500 | 5,000 | 97,300 | 19,000 | 8,400 | 421,500 | 2.0M | 50,300 | 102,500 |
| Investment Income | 12.3M | 13.2M | 5.2M | -849,200 | 29,000 | 82,900 | 147,800 | 288,700 | 1.1M | 189,600 | -81,800 | 29,700 |
| Asset Disposal Income | 40,900 | -1.6M | -341,000 | 6,000 | -277,200 | -200.00 | -- | 100.00 | -82,100 | -- | -- | -- |
| Asset Impairment Loss | 5.6M | 2.4M | 1.2M | 184,800 | 4.2M | 860,900 | 10.2M | 8.5M | 4.9M | 2.2M | 1.3M | 1.7M |
| Other Income | 11.5M | 20.6M | 14.5M | 20.5M | 13.9M | 14.5M | 10.6M | 16.3M | -- | -- | -- | -- |
| Income Before Tax | 60.6M | 61.3M | 40.9M | 92.8M | 64.7M | 66.4M | 58.6M | 50.9M | 48.5M | 37.8M | 19.8M | 10.6M |
| Income Tax | 4.5M | 4.9M | -164,800 | 6.7M | 3.1M | 3.3M | -10,200 | 6.2M | 6.2M | 4.7M | 1.5M | 823,600 |
| Net Income | 56.0M | 56.4M | 41.1M | 86.1M | 61.6M | 63.0M | 58.6M | 44.7M | 42.2M | 33.1M | 18.3M | 9.8M |
| Net Margin % | 14.2% | 15.7% | 13.2% | 21.4% | 20.0% | 20.7% | 20.9% | 19.4% | 23.5% | 25.2% | 22.3% | 17.5% |
| Net Income Attributable | 55.7M | 56.7M | 40.5M | 86.1M | 61.7M | 63.3M | 58.6M | 44.7M | 42.2M | 33.1M | 18.3M | 9.8M |
| Minority Interest | 292,700 | -306,800 | 532,800 | -35,900 | -122,900 | -289,600 | -200.00 | -- | -- | -- | -- | -- |
| Eps Basic | 0.47 | 0.47 | 0.40 | 0.95 | 0.80 | 0.82 | 0.76 | 0.60 | 0.60 | 0.77 | 0.61 | 0.65 |
| Eps Diluted | 0.47 | 0.47 | 0.40 | 0.95 | 0.80 | 0.82 | 0.76 | 0.60 | 0.60 | 0.77 | -- | -- |
| 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 | 638.0M | 629.0M | 413.0M | 132.0M | 161.0M | 66.0M | 74.8M | 80.8M | 105.0M | 32.2M | 17.0M | 3.3M |
| Trading Financial Assets | 51.9M | 41.8M | 267.0M | 27.9M | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 463.0M | 419.0M | 359.0M | 300.0M | 252.0M | 212.0M | 177.0M | 149.0M | 88.6M | 71.5M | 47.7M | 38.3M |
| Notes Receivable | 200,000 | 1.1M | 350,000 | 2.4M | 2.4M | -- | 1.4M | 450,000 | 800,000 | 1.0M | 2.1M | 2.0M |
| Notes And Accounts Receivable | 463.0M | 420.0M | 359.0M | 302.0M | 254.0M | 212.0M | 178.0M | 149.0M | 89.4M | 72.5M | 49.8M | 40.3M |
| Prepayments | 19.8M | 17.9M | 15.5M | 19.5M | 10.0M | 10.9M | 12.9M | 7.1M | 5.6M | 3.7M | 4.0M | 5.0M |
| Inventory | 163.0M | 176.0M | 136.0M | 98.3M | 137.0M | 146.0M | 156.0M | 176.0M | 116.0M | 91.0M | 77.8M | 52.9M |
| Total Current Assets | 1.4B | 1.4B | 1.3B | 627.0M | 599.0M | 439.0M | 428.0M | 424.0M | 322.0M | 250.0M | 173.0M | 115.0M |
| Long Term Equity Investment | 14.2M | 7.9M | 11.7M | 14.7M | 15.6M | 15.6M | -- | -- | -- | 150,700 | 160,300 | 247,900 |
| Fixed Assets | -- | 75.2M | 69.5M | 81.8M | 79.2M | 67.5M | 44.3M | -- | 5.0M | 2.9M | 3.2M | 2.0M |
| Fixed Assets Total | 80.3M | 75.2M | 69.5M | 81.8M | 79.2M | 67.5M | 44.3M | 41.1M | 5.0M | 2.9M | 3.2M | 2.0M |
| Construction In Progress | -- | -- | -- | -- | -- | -- | 5.6M | -- | -- | -- | -- | -- |
| Construction In Progress Total | -- | -- | -- | -- | -- | -- | 5.6M | -- | -- | -- | -- | -- |
| Intangible Assets | 29.8M | 12.3M | 8.5M | 3.0M | 2.7M | 4.7M | 5.6M | 6.3M | 6.8M | 6.9M | 922,000 | 419,500 |
| Long Term Deferred Expenses | 524,700 | 538,400 | 471,400 | 532,600 | 881,900 | 2.9M | 2.9M | 3.5M | 4.3M | 4.8M | 4.8M | -- |
| Total Non Current Assets | 385.0M | 296.0M | 188.0M | 140.0M | 111.0M | 95.8M | 61.7M | 53.7M | 17.5M | 15.5M | 9.6M | 3.1M |
| Total Assets | 1.8B | 1.7B | 1.5B | 766.0M | 710.0M | 535.0M | 489.0M | 478.0M | 339.0M | 266.0M | 183.0M | 118.0M |
| Short Term Borrowings | 170.0M | 110.0M | 17.2M | 354,800 | 10.0M | -- | -- | -- | -- | -- | 2.0M | -- |
| Accounts Payable | 100.0M | 109.0M | 83.9M | 83.1M | 76.4M | 73.0M | 76.2M | 84.4M | 63.8M | 32.6M | 24.0M | 17.7M |
| Advance Receipts | 22,200 | 7,000 | 7,000 | -- | -- | 43.9M | 59.0M | 78.7M | 55.2M | 55.0M | 63.4M | 31.6M |
| Contract Liabilities | 46.8M | 45.8M | 31.9M | 46.4M | 57.1M | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 395.0M | 315.0M | 177.0M | 178.0M | 185.0M | 151.0M | 170.0M | 211.0M | 142.0M | 105.0M | 100.0M | 57.3M |
| Long Term Borrowings | 3.6M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 10.2M | 6.7M | 4.9M | 4.1M | 3.7M | 3.4M | 4.0M | 4.2M | 4.0M | 4.2M | 4.6M | 760,000 |
| Total Liabilities | 406.0M | 321.0M | 182.0M | 182.0M | 189.0M | 154.0M | 174.0M | 216.0M | 146.0M | 109.0M | 105.0M | 58.0M |
| Paid In Capital | 121.0M | 121.0M | 121.0M | 90.4M | 90.4M | 76.9M | 76.9M | 76.9M | 71.9M | 68.5M | 30.0M | 30.0M |
| Capital Reserve | 854.0M | 853.0M | 853.0M | 197.0M | 197.0M | 101.0M | 101.0M | 101.0M | 64.1M | 57.5M | -- | -- |
| Surplus Reserve | 50.9M | 45.6M | 39.6M | 36.0M | 28.2M | 22.7M | 17.1M | 11.7M | 7.5M | 3.1M | 3.4M | 1.6M |
| Retained Earnings | 369.0M | 330.0M | 292.0M | 255.0M | 204.0M | 178.0M | 121.0M | 72.7M | 49.9M | 27.7M | 44.6M | 28.3M |
| Minority Equity | 5.6M | 6.5M | 6.1M | 5.6M | 1.6M | 1.7M | -200.00 | -- | -- | -- | -- | -- |
| Equity Attributable | 1.4B | 1.4B | 1.3B | 578.0M | 519.0M | 379.0M | 316.0M | 263.0M | 193.0M | 157.0M | 78.0M | 59.9M |
| Total Equity | 1.4B | 1.4B | 1.3B | 584.0M | 521.0M | 381.0M | 316.0M | 263.0M | 193.0M | 157.0M | 78.0M | 59.9M |
| 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 | FY 2013Dec 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 347.0M | 301.0M | 229.0M | 341.0M | 259.0M | 266.0M | 240.0M | 218.0M | 187.0M | 112.0M | 121.0M | 62.3M |
| Tax Refunds Received | 8.6M | 7.5M | 8.4M | 10.0M | 8.7M | 12.5M | 14.0M | 12.3M | 7.8M | 6.6M | 8.4M | 1.9M |
| Total Operating Cash Inflow | 372.0M | 337.0M | 275.0M | 409.0M | 317.0M | 313.0M | 293.0M | 272.0M | 229.0M | 147.0M | 158.0M | 73.7M |
| Cash Paid For Goods | 187.0M | 226.0M | 189.0M | 145.0M | 138.0M | 156.0M | 157.0M | 156.0M | 96.6M | 67.9M | 68.4M | 63.9M |
| Cash Paid To Employees | 69.3M | 66.5M | 64.7M | 72.1M | 67.7M | 59.5M | 47.7M | 39.6M | 31.6M | 17.9M | 11.5M | 6.3M |
| Taxes Paid | 29.7M | 23.8M | 24.3M | 37.7M | 25.4M | 30.0M | 24.8M | 26.0M | 32.2M | 13.0M | 11.3M | 5.6M |
| Total Operating Cash Outflow | 337.0M | 365.0M | 344.0M | 340.0M | 301.0M | 298.0M | 290.0M | 281.0M | 191.0M | 129.0M | 131.0M | 107.0M |
| Operating Cash Flow | 35.5M | -28.2M | -69.1M | 69.7M | 15.8M | 15.1M | 3.2M | -9.1M | 38.2M | 17.9M | 26.8M | -33.5M |
| Total Investing Cash Inflow | 3.0B | 3.6B | 1.9B | 189.0M | 919,800 | 15.8M | 24.1M | 75.6M | 236.0M | 26.2M | -- | 10.8M |
| Total Investing Cash Outflow | 3.0B | 3.5B | 2.2B | 257.0M | 10.7M | 40.5M | 30.5M | 122.0M | 195.0M | 67.2M | 14.8M | 8.9M |
| Investing Cash Flow | -43.4M | 166.0M | -345.0M | -67.5M | -9.8M | -24.8M | -6.4M | -46.1M | 41.6M | -41.0M | -14.8M | 1.9M |
| Cash From Borrowings | 167.0M | 130.0M | 99.4M | 27.2M | 41.4M | 23.7M | -- | -- | -- | -- | 7.0M | 5.0M |
| Dividends And Interest Paid | 17.2M | 15.0M | 831,700 | 27.4M | 31.4M | 229,700 | -- | 17.7M | 15.8M | 31.9M | 358,000 | 150,000 |
| Debt Repayments | 110.0M | 36.2M | 82.2M | 36.9M | 31.4M | 23.7M | -- | -- | -- | 2.0M | 5.0M | 5.0M |
| Total Financing Cash Inflow | 167.0M | 131.0M | 809.0M | 31.2M | 149.0M | 25.7M | -- | 42.5M | 10.2M | 71.4M | 7.0M | 25.0M |
| Total Financing Cash Outflow | 149.0M | 52.3M | 104.0M | 69.9M | 62.8M | 24.0M | -- | 18.0M | 16.0M | 33.9M | 5.4M | 5.2M |
| Financing Cash Flow | 18.0M | 78.7M | 706.0M | -38.7M | 86.7M | 1.8M | -- | 24.5M | -5.8M | 37.5M | 1.6M | 19.9M |
| Net Change In Cash | 10.1M | 216.0M | 292.0M | -36.5M | 92.7M | -7.9M | -3.2M | -30.7M | 73.9M | 14.5M | 13.7M | -11.8M |
| Ending Cash Balance | 637.0M | 627.0M | 410.0M | 119.0M | 155.0M | 62.4M | 70.3M | 73.5M | 104.0M | 30.3M | 15.9M | 2.2M |
| Capex | 22.9M | 46.4M | 54.2M | 29.8M | 10.7M | 8.6M | 12.6M | 40.4M | 4.9M | 3.2M | 7.8M | 943,500 |