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 | 1.8B | 1.6B | 1.3B | 1.1B | 1.2B | 526.0M | 273.0M | 147.0M | 99.4M | 80.9M | 42.1M |
| Revenue Growth % | 9.2% | 22.7% | 18.6% | -5.5% | 127.4% | 92.7% | 85.7% | 47.9% | 22.8% | 92.0% | -- |
| Total Revenue | 1.8B | 1.6B | 1.3B | 1.1B | 1.2B | 526.0M | 273.0M | 147.0M | 99.4M | 80.9M | 42.1M |
| Cost Of Revenue | 1.7B | 1.4B | 1.1B | 929.0M | 867.0M | 361.0M | 189.0M | 97.4M | 63.1M | 53.4M | 30.2M |
| Gross Profit | 139.0M | 280.0M | 248.0M | 201.0M | 329.0M | 165.0M | 84.0M | 49.6M | 36.3M | 27.5M | 12.0M |
| Gross Margin % | 7.7% | 17.0% | 18.5% | 17.8% | 27.5% | 31.4% | 30.8% | 33.8% | 36.5% | 34.0% | 28.4% |
| Total Operating Cost | 2.0B | 1.6B | 1.2B | 1.1B | 1.0B | 451.0M | 236.0M | 132.0M | 86.0M | 72.9M | 41.1M |
| Selling Expenses | 28.3M | 18.3M | 11.8M | 15.7M | 18.8M | 15.5M | 9.1M | 7.7M | 4.8M | 4.7M | 2.7M |
| Admin Expenses | 94.4M | 58.5M | 37.8M | 39.1M | 51.5M | 26.5M | 14.2M | 11.8M | 15.5M | 13.6M | 7.5M |
| Rd Expenses | 65.8M | 50.9M | 42.7M | 34.3M | 38.2M | 20.7M | 10.8M | 7.2M | -- | -- | -- |
| Finance Expenses | 33.1M | 29.4M | 25.2M | 22.6M | 11.5M | 13.6M | 9.5M | 6.3M | 1.5M | 1.0M | 255,600 |
| Operating Income | -155.0M | 75.4M | 101.0M | 86.9M | 187.0M | 78.6M | 38.1M | 18.4M | 13.4M | 8.0M | 1.0M |
| Operating Margin % | -8.6% | 4.6% | 7.5% | 7.7% | 15.6% | 14.9% | 14.0% | 12.5% | 13.4% | 9.9% | 2.4% |
| Non Operating Income | 54,800 | 446,600 | 22,100 | 340,500 | 981,900 | 1.00 | -- | 1.1M | 2.9M | 103,900 | 37,900 |
| Non Operating Expenses | 6.5M | 6.1M | 699,800 | 976,700 | 2.2M | 2.2M | 99,300 | 97,500 | 52,400 | 3,300 | 75,800 |
| Investment Income | -1.9M | -6.1M | -3.7M | -3.7M | -3.1M | -1.3M | -- | -- | -- | -- | -- |
| Fair Value Change Income | 7.2M | 3.4M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -3.7M | -121,300 | 11,400 | -2.6M | -- | -- | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 53.4M | 32.6M | 12.2M | 7.1M | 8.2M | 529,600 | 2.8M | 684,900 | 536,600 | -114,500 | 380,000 |
| Other Income | 16.4M | 12.7M | 7.6M | 20.9M | 6.4M | 4.4M | 1.4M | 3.0M | -- | -- | -- |
| Income Before Tax | -161.0M | 69.7M | 101.0M | 86.3M | 186.0M | 76.4M | 38.0M | 19.4M | 16.2M | 8.1M | 967,000 |
| Income Tax | -2.5M | 6.5M | 7.0M | 7.7M | 26.5M | 10.6M | 5.4M | 2.5M | 2.2M | 1.4M | 277,400 |
| Net Income | -159.0M | 63.2M | 93.6M | 78.6M | 160.0M | 65.8M | 32.6M | 16.9M | 14.0M | 6.7M | 689,700 |
| Net Margin % | -8.9% | 3.8% | 7.0% | 7.0% | 13.4% | 12.5% | 11.9% | 11.5% | 14.1% | 8.3% | 1.6% |
| Net Income Attributable | -157.0M | 56.3M | 89.7M | 78.2M | 160.0M | 66.3M | 32.8M | 16.9M | 14.0M | 6.7M | 689,700 |
| Minority Interest | -1.2M | 6.9M | 4.0M | 427,500 | -574,500 | -515,500 | -177,500 | -14,600 | -- | -- | -- |
| Eps Basic | -2.09 | 0.86 | 2.23 | 1.94 | 3.98 | 1.92 | 1.09 | 0.56 | 0.48 | 1.49 | 0.23 |
| Eps Diluted | -2.09 | 0.86 | 2.23 | 1.94 | 3.98 | 1.92 | 1.09 | 0.56 | 0.48 | 1.49 | 0.23 |
| 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 | 343.0M | 310.0M | 152.0M | 179.0M | 143.0M | 141.0M | 43.7M | 6.4M | 5.7M | 3.3M | 1.9M |
| Trading Financial Assets | 308.0M | 434.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 1.1B | 869.0M | 701.0M | 470.0M | 377.0M | 202.0M | 130.0M | 68.9M | 56.2M | 39.2M | 29.0M |
| Notes Receivable | 86.9M | 115.0M | 85.5M | 90.7M | 120.0M | 40.5M | 9.9M | 6.4M | 2.8M | 2.5M | 738,000 |
| Notes And Accounts Receivable | 1.2B | 984.0M | 786.0M | 560.0M | 497.0M | 242.0M | 140.0M | 75.3M | 58.9M | 41.7M | 29.7M |
| Prepayments | 113.0M | 64.1M | 14.5M | 58.7M | 26.3M | 18.8M | 16.9M | 7.6M | 7.8M | 1.5M | 4.7M |
| Inventory | 361.0M | 352.0M | 306.0M | 297.0M | 209.0M | 133.0M | 39.7M | 26.1M | 16.4M | 10.4M | 6.1M |
| Total Current Assets | 2.6B | 2.4B | 1.4B | 1.2B | 916.0M | 558.0M | 245.0M | 121.0M | 91.4M | 59.2M | 43.5M |
| Fixed Assets | -- | 335.0M | 259.0M | 207.0M | 161.0M | 78.2M | 35.7M | 28.7M | 23.1M | 15.5M | 9.2M |
| Fixed Assets Total | 451.0M | 335.0M | 259.0M | 207.0M | 161.0M | 78.2M | 35.7M | 28.7M | 23.1M | 15.5M | 9.2M |
| Construction In Progress | -- | 10.2M | 2.5M | 6.1M | -- | 944,800 | 3.7M | -- | -- | -- | -- |
| Construction In Progress Total | 171.0M | 10.2M | 2.5M | 6.1M | -- | 944,800 | 3.7M | -- | -- | -- | -- |
| Intangible Assets | 82.1M | 83.5M | 85.1M | 28.8M | 1.3M | 96,600 | 183,400 | 49,500 | 68,700 | 87,800 | -- |
| Long Term Deferred Expenses | 32.3M | 19.7M | 13.2M | 8.0M | 7.5M | 8.4M | 323,900 | 207,400 | 134,000 | -- | -- |
| Total Non Current Assets | 986.0M | 615.0M | 427.0M | 334.0M | 179.0M | 91.6M | 42.4M | 31.2M | 23.8M | 15.8M | 9.3M |
| Total Assets | 3.6B | 3.0B | 1.8B | 1.5B | 1.1B | 649.0M | 288.0M | 152.0M | 115.0M | 75.0M | 52.9M |
| Short Term Borrowings | 433.0M | 405.0M | 403.0M | 296.0M | 98.7M | 77.7M | 23.0M | 13.0M | 23.0M | 8.0M | 4.0M |
| Accounts Payable | 499.0M | 266.0M | 262.0M | 197.0M | 256.0M | 126.0M | 38.7M | 20.7M | 15.5M | 16.6M | 26.3M |
| Advance Receipts | -- | 4,900 | 83,300 | -- | 420,300 | 1.9M | 37,300 | -- | 29,100 | 43,000 | 76,400 |
| Contract Liabilities | 2.9M | 2.8M | 544,700 | 853,500 | 119,500 | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 1.6B | 1.2B | 927.0M | 767.0M | 542.0M | 311.0M | 139.0M | 63.2M | 54.7M | 38.4M | 48.1M |
| Long Term Borrowings | 328.0M | 140.0M | 112.0M | 55.1M | 27.0M | -- | 5.0M | 16.6M | 6.7M | -- | -- |
| Total Non Current Liabilities | 571.0M | 267.0M | 235.0M | 167.0M | 45.5M | 16.1M | 9.3M | 22.5M | 9.9M | -- | -- |
| Total Liabilities | 2.2B | 1.5B | 1.2B | 934.0M | 588.0M | 327.0M | 148.0M | 85.7M | 64.6M | 38.4M | 48.1M |
| Paid In Capital | 75.2M | 53.7M | 40.2M | 40.2M | 40.2M | 40.2M | 33.8M | 30.0M | 30.0M | 25.5M | 3.0M |
| Capital Reserve | 1.0B | 1.0B | 186.0M | 186.0M | 186.0M | 161.0M | 47.6M | 10.8M | 8.8M | 4.1M | 1.5M |
| Surplus Reserve | 33.6M | 33.6M | 29.1M | 29.1M | 29.2M | 12.9M | 6.1M | 2.6M | 1.1M | 659,400 | 98,200 |
| Retained Earnings | 260.0M | 428.0M | 419.0M | 330.0M | 252.0M | 108.0M | 52.6M | 23.2M | 10.6M | 6.3M | 206,800 |
| Minority Equity | 13.6M | 11.7M | 4.7M | 692,100 | -297,200 | -202,700 | -192,100 | -14,600 | -- | -- | -- |
| Equity Attributable | 1.4B | 1.5B | 674.0M | 585.0M | 507.0M | 323.0M | 140.0M | 66.7M | 50.6M | 36.6M | 4.8M |
| Total Equity | 1.4B | 1.6B | 679.0M | 586.0M | 507.0M | 322.0M | 140.0M | 66.6M | 50.6M | 36.6M | 4.8M |
| 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 | 1.0B | 1.0B | 993.0M | 876.0M | 852.0M | 426.0M | 197.0M | 120.0M | 56.6M | 49.9M | 26.0M |
| Tax Refunds Received | 941,800 | 5,900 | 959,700 | 283,400 | 3.9M | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 1.0B | 1.1B | 1.1B | 972.0M | 866.0M | 436.0M | 198.0M | 131.0M | 59.6M | 50.0M | 26.0M |
| Cash Paid For Goods | 770.0M | 832.0M | 908.0M | 810.0M | 596.0M | 303.0M | 149.0M | 75.0M | 33.0M | 30.0M | 18.9M |
| Cash Paid To Employees | 230.0M | 201.0M | 155.0M | 152.0M | 145.0M | 72.2M | 34.2M | 22.6M | 15.3M | 16.6M | 7.9M |
| Taxes Paid | 36.3M | 61.4M | 37.2M | 31.6M | 46.4M | 10.5M | 5.8M | 10.7M | 8.4M | 2.2M | 837,300 |
| Total Operating Cash Outflow | 1.2B | 1.2B | 1.1B | 1.1B | 874.0M | 433.0M | 210.0M | 125.0M | 75.2M | 58.1M | 31.6M |
| Operating Cash Flow | -124.0M | -107.0M | -83.1M | -122.0M | -7.5M | 2.7M | -11.2M | 5.7M | -15.6M | -8.1M | -5.5M |
| Total Investing Cash Inflow | 635.0M | 171.0M | 265,000 | 1.6M | 4.9M | 197,200 | -- | -- | 250,000 | -- | -- |
| Total Investing Cash Outflow | 746.0M | 810.0M | 87.0M | 117.0M | 57.1M | 43.7M | 17.4M | 12.0M | 7.8M | 9.6M | 5.3M |
| Investing Cash Flow | -111.0M | -639.0M | -86.7M | -115.0M | -52.2M | -43.5M | -17.4M | -12.0M | -7.6M | -9.6M | -5.3M |
| Cash From Borrowings | 1.0B | 579.0M | 544.0M | 369.0M | 171.0M | 74.6M | 32.5M | 28.0M | 29.7M | 9.9M | 4.0M |
| Dividends And Interest Paid | 34.8M | 65.2M | 15.9M | 11.8M | 4.7M | 3.7M | 3.1M | 1.9M | 986,800 | 1.3M | 242,200 |
| Debt Repayments | 736.0M | 497.0M | 362.0M | 147.0M | 121.0M | 59.2M | 17.5M | 25.1M | 8.0M | 5.9M | -- |
| Total Financing Cash Inflow | 1.0B | 1.6B | 666.0M | 440.0M | 226.0M | 282.0M | 140.0M | 68.1M | 37.7M | 73.8M | 17.5M |
| Total Financing Cash Outflow | 814.0M | 696.0M | 473.0M | 217.0M | 195.0M | 147.0M | 73.9M | 58.0M | 17.3M | 55.1M | 5.9M |
| Financing Cash Flow | 223.0M | 888.0M | 192.0M | 223.0M | 30.2M | 135.0M | 65.8M | 10.1M | 20.4M | 18.7M | 11.7M |
| Net Change In Cash | -11.0M | 144.0M | 22.9M | -14.8M | -30.3M | 94.2M | 37.3M | 3.8M | -2.8M | 1.4M | 838,800 |
| Ending Cash Balance | 247.0M | 258.0M | 114.0M | 90.7M | 105.0M | 136.0M | 41.6M | 4.3M | 541,100 | 3.3M | 1.9M |
| Capex | 253.0M | 210.0M | 87.0M | 117.0M | 57.1M | 43.7M | 17.4M | 7.7M | 7.8M | 8.5M | 5.2M |