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 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.7B | 1.4B | 1.2B | 918.0M | 688.0M | 540.0M | 310.0M | 225.0M | 101.0M | 50.8M | 36.5M |
| Revenue Growth % | 28.3% | 14.8% | 29.0% | 33.4% | 27.4% | 74.2% | 37.8% | 122.8% | 98.9% | 39.1% | -- |
| Total Revenue | 1.7B | 1.4B | 1.2B | 918.0M | 688.0M | 540.0M | 310.0M | 225.0M | 101.0M | 50.8M | 36.5M |
| Cost Of Revenue | 1.3B | 1.0B | 895.0M | 694.0M | 489.0M | 406.0M | 231.0M | 151.0M | 73.6M | 36.2M | 23.8M |
| Gross Profit | 415.0M | 330.0M | 289.0M | 224.0M | 199.0M | 134.0M | 79.0M | 74.0M | 27.4M | 14.6M | 12.7M |
| Gross Margin % | 23.8% | 24.3% | 24.4% | 24.4% | 28.9% | 24.8% | 25.5% | 32.9% | 27.1% | 28.7% | 34.8% |
| Total Operating Cost | 1.7B | 1.3B | 1.1B | 854.0M | 617.0M | 508.0M | 289.0M | 211.0M | 101.0M | 46.4M | 32.6M |
| Selling Expenses | 40.9M | 28.0M | 19.8M | 14.2M | 12.7M | 11.4M | 7.1M | 7.4M | 401,200 | 1.2M | 732,500 |
| Admin Expenses | 159.0M | 122.0M | 102.0M | 81.0M | 56.2M | 46.1M | 29.9M | 40.2M | 25.7M | 9.6M | 6.0M |
| Rd Expenses | 109.0M | 91.4M | 79.3M | 52.3M | 41.2M | 37.0M | 11.1M | -- | -- | -- | -- |
| Finance Expenses | 3.1M | -1.9M | -5.8M | 4.4M | 10.6M | 4.2M | 2.4M | 1.7M | 85,800 | 288,600 | 181,500 |
| Operating Income | 72.9M | 99.5M | 96.6M | 85.1M | 71.1M | 36.4M | 21.6M | 11.8M | 498,700 | 4.4M | 3.9M |
| Operating Margin % | 4.2% | 7.3% | 8.2% | 9.3% | 10.3% | 6.7% | 7.0% | 5.2% | 0.5% | 8.8% | 10.8% |
| Non Operating Income | 6.3M | 63,300 | 333,600 | 278,100 | 31,400 | 3,100 | 39,700 | 892,500 | 1.9M | 951,100 | 7,400 |
| Non Operating Expenses | 7.1M | 946,000 | 527,100 | 2.1M | 110,000 | 360,600 | 34,100 | 545,900 | 62,400 | 3,700 | 1,200 |
| Investment Income | -6.0M | -2.0M | -1.7M | 2.1M | -128,000 | 123,900 | 188,800 | -2.5M | 8,342 | 12,500 | 26,000 |
| Fair Value Change Income | 88,000 | 43,400 | -- | 1.4M | 51,600 | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 1.2M | 1.1M | -37,100 | -99,400 | -6.4M | -266,200 | 474,000 | -- | -- | -- | -- |
| Asset Impairment Loss | 8.4M | 2.8M | -- | -10,000 | 1.7M | -- | 5.0M | 9.2M | 204,700 | -1.2M | 1.7M |
| Other Income | 4.9M | 22.6M | 11.7M | 17.1M | 7.4M | 4.7M | 557,900 | -- | -- | -- | -- |
| Income Before Tax | 72.1M | 98.6M | 96.5M | 83.3M | 71.0M | 36.0M | 21.6M | 12.2M | 2.4M | 5.4M | 3.9M |
| Income Tax | 1.7M | 4.7M | 5.1M | 5.1M | 4.8M | -1.3M | 3.9M | -1.2M | 351,300 | 827,800 | 602,100 |
| Net Income | 70.4M | 93.9M | 91.3M | 78.2M | 66.2M | 37.4M | 17.7M | 13.4M | 2.0M | 4.6M | 3.3M |
| Net Margin % | 4.0% | 6.9% | 7.7% | 8.5% | 9.6% | 6.9% | 5.7% | 5.9% | 2.0% | 9.0% | 9.1% |
| Net Income Attributable | 65.6M | 82.5M | 89.4M | 76.5M | 65.7M | 37.4M | 17.7M | 13.4M | 2.0M | 4.6M | 3.3M |
| Minority Interest | 4.8M | 11.5M | 1.9M | 1.7M | 536,200 | -- | -- | -- | -- | -- | -- |
| Eps Basic | 0.16 | 0.21 | 0.24 | 0.21 | 0.22 | 0.16 | 0.08 | 0.18 | 0.05 | 0.46 | 0.33 |
| Eps Diluted | 0.16 | 0.21 | 0.24 | 0.21 | 0.22 | 0.16 | 0.08 | 0.18 | 0.05 | 0.46 | 0.33 |
| 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 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 342.0M | 403.0M | 471.0M | 235.0M | 167.0M | 49.0M | 17.0M | 33.0M | 8.3M | 4.4M | 2.5M |
| Trading Financial Assets | 3.0M | 1.9M | -- | 21.4M | 51,600 | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 716.0M | 530.0M | 413.0M | 249.0M | 151.0M | 133.0M | 89.8M | 64.4M | 46.8M | 14.4M | 9.1M |
| Notes Receivable | 1.3M | 2.8M | -- | 539,000 | -- | -- | 754,400 | -- | -- | -- | -- |
| Notes And Accounts Receivable | 718.0M | 533.0M | 413.0M | 250.0M | 151.0M | 133.0M | 90.6M | 64.4M | 46.8M | 14.4M | 9.1M |
| Prepayments | 4.8M | 4.6M | 475,700 | 488,700 | 2.1M | 3.8M | 294,400 | 682,500 | 595,900 | 245,400 | 215,200 |
| Inventory | 44.1M | 44.8M | 7.0M | 141,000 | 7.3M | 2.5M | 1.0M | 2.9M | -- | -- | -- |
| Total Current Assets | 1.2B | 1.1B | 998.0M | 579.0M | 383.0M | 226.0M | 127.0M | 104.0M | 56.7M | 28.0M | 23.5M |
| Long Term Equity Investment | 59.3M | 43.4M | 10.3M | 10.6M | 6.4M | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 93.4M | 13.5M | 16.2M | 15.5M | 21.4M | 20.9M | 59.2M | 62.1M | 1.2M | 714,100 |
| Fixed Assets Total | 180.0M | 93.4M | 13.5M | 16.2M | 15.5M | 21.4M | 20.9M | 59.2M | 62.1M | 1.2M | 714,100 |
| Construction In Progress | -- | -- | -- | -- | -- | -- | 50.0M | 146,500 | -- | -- | -- |
| Construction In Progress Total | -- | -- | -- | -- | -- | -- | 50.0M | 146,500 | -- | -- | -- |
| Intangible Assets | 67.4M | 47.7M | 29.0M | 15.7M | 18.2M | 16.5M | 18.8M | 12.4M | 12.4M | -- | -- |
| Long Term Deferred Expenses | 9.1M | 4.4M | 6.6M | 6.2M | 3.6M | 2.8M | 572,500 | 896,900 | 1.3M | -- | -- |
| Total Non Current Assets | 655.0M | 492.0M | 312.0M | 282.0M | 233.0M | 222.0M | 158.0M | 120.0M | 126.0M | 1.4M | 1.1M |
| Total Assets | 1.9B | 1.6B | 1.3B | 861.0M | 616.0M | 448.0M | 285.0M | 224.0M | 183.0M | 29.4M | 24.6M |
| Short Term Borrowings | 170.0M | 39.9M | 27.6M | 19.5M | 25.1M | 50.0M | 50.1M | 40.0M | 13.2M | -- | 6.0M |
| Accounts Payable | 64.1M | 60.4M | 39.2M | 14.2M | 17.9M | 18.9M | 13.1M | 11.3M | 3.3M | 593,900 | 301,200 |
| Advance Receipts | 2.1M | 3.2M | 2.9M | 3.0M | 5.2M | 14.6M | 12.8M | 708,900 | 721,800 | -- | -- |
| Contract Liabilities | 9.5M | 13.4M | 4.6M | 5.6M | 2.7M | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 532.0M | 338.0M | 278.0M | 172.0M | 156.0M | 179.0M | 153.0M | 83.2M | 54.8M | 6.2M | 9.6M |
| Long Term Borrowings | 104.0M | 70.3M | -- | -- | -- | 50.0M | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 176.0M | 95.3M | 40.2M | 50.0M | 21.0M | 60.2M | 11.0M | 5.9M | 6.6M | 91,300 | -- |
| Total Liabilities | 708.0M | 433.0M | 318.0M | 222.0M | 177.0M | 239.0M | 164.0M | 89.2M | 61.3M | 6.3M | 9.6M |
| Paid In Capital | 400.0M | 400.0M | 400.0M | 360.0M | 314.0M | 80.5M | 72.5M | 72.5M | 72.5M | 13.5M | 10.0M |
| Capital Reserve | 248.0M | 300.0M | 294.0M | 93.4M | 15.8M | 90.0M | 46.7M | 46.7M | 46.7M | -- | -- |
| Surplus Reserve | 29.0M | 22.7M | 16.4M | 10.4M | 5.7M | 3.8M | 1.9M | 766,600 | 366,600 | 971,500 | 514,900 |
| Retained Earnings | 325.0M | 298.0M | 253.0M | 170.0M | 98.1M | 34.4M | -875,000 | 15.0M | 2.0M | 8.6M | 4.5M |
| Minority Equity | 143.0M | 105.0M | 27.3M | 5.5M | 5.1M | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 1.0B | 1.0B | 964.0M | 634.0M | 433.0M | 209.0M | 120.0M | 135.0M | 122.0M | 23.1M | 15.0M |
| Total Equity | 1.1B | 1.1B | 992.0M | 639.0M | 439.0M | 209.0M | 120.0M | 135.0M | 122.0M | 23.1M | 15.0M |
| 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 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 1.7B | 1.4B | 1.1B | 850.0M | 703.0M | 515.0M | 316.0M | 208.0M | 90.5M | 47.9M | 29.7M |
| Tax Refunds Received | -- | 50,900 | 861,800 | 6.3M | -- | -- | -- | -- | 29,900 | -- | -- |
| Total Operating Cash Inflow | 1.7B | 1.4B | 1.2B | 861.0M | 752.0M | 569.0M | 329.0M | 209.0M | 115.0M | 53.3M | 29.7M |
| Cash Paid For Goods | 185.0M | 157.0M | 86.7M | 74.2M | 90.0M | 67.4M | 39.7M | 37.0M | 19.0M | 8.1M | 7.6M |
| Cash Paid To Employees | 1.3B | 1.1B | 943.0M | 694.0M | 452.0M | 364.0M | 207.0M | 130.0M | 63.0M | 32.5M | 19.5M |
| Taxes Paid | 88.1M | 63.7M | 48.6M | 38.5M | 27.1M | 25.0M | 15.8M | 12.2M | 4.3M | 2.3M | 2.1M |
| Total Operating Cash Outflow | 1.7B | 1.3B | 1.1B | 832.0M | 633.0M | 539.0M | 292.0M | 198.0M | 128.0M | 47.4M | 41.5M |
| Operating Cash Flow | 67.1M | 106.0M | 52.4M | 29.3M | 119.0M | 29.3M | 36.7M | 10.5M | -12.6M | 5.8M | -11.8M |
| Total Investing Cash Inflow | 192.0M | 123.0M | 199.0M | 1.4B | 352.0M | 101.0M | 89.0M | 365,400 | 3.9M | 8.2M | 3.9M |
| Total Investing Cash Outflow | 395.0M | 274.0M | 270.0M | 1.4B | 406.0M | 183.0M | 129.0M | 12.1M | 97.0M | 9.4M | 4.6M |
| Investing Cash Flow | -203.0M | -151.0M | -70.7M | -57.8M | -54.0M | -81.2M | -39.9M | -11.8M | -93.1M | -1.2M | -649,000 |
| Cash From Borrowings | 210.0M | 151.0M | 27.6M | 19.5M | 90.0M | 140.0M | 55.0M | 67.5M | 13.2M | -- | 6.0M |
| Dividends And Interest Paid | 50.9M | 74.1M | 2.5M | 2.2M | 7.0M | 3.2M | 3.5M | 2.1M | 83,900 | 267,500 | 187,500 |
| Debt Repayments | 42.9M | 97.1M | 19.5M | 25.1M | 168.0M | 90.1M | 49.9M | 40.7M | -- | 6.0M | -- |
| Total Financing Cash Inflow | 236.0M | 166.0M | 291.0M | 144.0M | 250.0M | 245.0M | 70.0M | 67.5M | 110.0M | 3.5M | 6.0M |
| Total Financing Cash Outflow | 159.0M | 200.0M | 49.6M | 49.0M | 199.0M | 161.0M | 68.4M | 42.7M | 283,900 | 6.3M | 187,500 |
| Financing Cash Flow | 77.4M | -33.2M | 242.0M | 95.3M | 51.3M | 83.5M | 1.6M | 24.8M | 109.0M | -2.8M | 5.8M |
| Net Change In Cash | -57.3M | -77.5M | 228.0M | 65.3M | 118.0M | 31.7M | -1.3M | 23.5M | 3.7M | 1.9M | -6.7M |
| Ending Cash Balance | 325.0M | 383.0M | 460.0M | 232.0M | 167.0M | 48.5M | 16.8M | 31.6M | 8.1M | 4.4M | 2.5M |
| Capex | 105.0M | 78.3M | 9.8M | 13.4M | 37.5M | 79.5M | 45.1M | 7.9M | 1.7M | 1.2M | 675,000 |