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 | 1.4B | 1.1B | 1.1B | 1.2B | 848.0M | 691.0M | 513.0M | 260.0M | 191.0M | 170.0M | 107.0M |
| Revenue Growth % | 21.7% | 9.1% | -11.8% | 40.9% | 22.7% | 34.7% | 97.3% | 36.1% | 12.4% | 58.9% | -- |
| Total Revenue | 1.4B | 1.1B | 1.1B | 1.2B | 848.0M | 691.0M | 513.0M | 260.0M | 191.0M | 170.0M | 107.0M |
| Cost Of Revenue | 1.2B | 945.0M | 863.0M | 969.0M | 672.0M | 508.0M | 378.0M | 191.0M | 135.0M | 121.0M | 84.4M |
| Gross Profit | 219.0M | 205.0M | 191.0M | 226.0M | 176.0M | 183.0M | 135.0M | 69.0M | 56.0M | 49.0M | 22.6M |
| Gross Margin % | 15.6% | 17.8% | 18.1% | 18.9% | 20.8% | 26.5% | 26.3% | 26.5% | 29.3% | 28.8% | 21.1% |
| Total Operating Cost | 1.4B | 1.1B | 984.0M | 1.1B | 778.0M | 621.0M | 451.0M | 237.0M | 164.0M | 142.0M | 102.0M |
| Selling Expenses | 31.6M | 25.7M | 18.3M | 24.9M | 18.0M | 53.5M | 31.1M | 15.3M | 7.9M | 1.9M | 1.8M |
| Admin Expenses | 107.0M | 71.7M | 60.3M | 66.0M | 50.0M | 32.3M | 21.6M | 15.7M | 17.6M | 14.9M | 11.7M |
| Rd Expenses | 48.5M | 39.5M | 29.4M | 30.0M | 24.7M | 19.9M | 14.0M | 11.1M | -- | -- | -- |
| Finance Expenses | 125,100 | -3.3M | 1.0M | 4.2M | 2.9M | 841,600 | 1.2M | 2.0M | 1.9M | 1.6M | 3.6M |
| Operating Income | 34.8M | 76.2M | 78.2M | 94.8M | 75.9M | 74.9M | 67.1M | 24.4M | 26.7M | 28.2M | 5.2M |
| Operating Margin % | 2.5% | 6.6% | 7.4% | 7.9% | 9.0% | 10.8% | 13.1% | 9.4% | 14.0% | 16.6% | 4.8% |
| Non Operating Income | 383,000 | 4.1M | 214,000 | 874,000 | 1.1M | 314,400 | 712,300 | 1.2M | 3.1M | 2.6M | 1.0M |
| Non Operating Expenses | 3.9M | 520,400 | 716,200 | 1.9M | 379,200 | 370,600 | 422,800 | 523,000 | 8,500 | 4,800 | 22,700 |
| Investment Income | 15.6M | 7.1M | 0.00 | -- | 14,400 | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -1.2M | 291,400 | 294,900 | 1,900 | -271,100 | -278,900 | -294,600 | -- | -- | -- | -- |
| Asset Impairment Loss | 11.4M | 5.0M | 6.5M | 6.9M | 3.3M | 1.6M | 2.2M | 717,600 | 889,700 | 1.1M | -13,700 |
| Other Income | 10.4M | 7.3M | 8.4M | 6.2M | 6.2M | 4.4M | 5.3M | 981,200 | -- | -- | -- |
| Income Before Tax | 31.3M | 79.8M | 77.7M | 93.8M | 76.6M | 74.8M | 67.4M | 25.1M | 29.9M | 30.8M | 6.2M |
| Income Tax | 1.3M | 8.1M | 1.9M | 9.7M | 10.5M | 10.8M | 11.3M | 3.1M | 4.0M | 7.7M | 1.7M |
| Net Income | 29.9M | 71.7M | 75.8M | 84.0M | 66.2M | 64.0M | 56.2M | 22.0M | 25.8M | 23.1M | 4.5M |
| Net Margin % | 2.1% | 6.2% | 7.2% | 7.0% | 7.8% | 9.3% | 11.0% | 8.5% | 13.5% | 13.6% | 4.2% |
| Net Income Attributable | 37.3M | 72.0M | 75.8M | 84.0M | 66.2M | 64.0M | 56.2M | 22.0M | 25.8M | 23.1M | 4.5M |
| Minority Interest | -7.4M | -248,300 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Eps Basic | 0.19 | 0.42 | 0.52 | 0.57 | 0.45 | 0.51 | 0.48 | 0.22 | 0.26 | 1.32 | 0.45 |
| Eps Diluted | 0.19 | 0.42 | 0.52 | 0.57 | 0.45 | 0.51 | 0.48 | -- | -- | 1.32 | -- |
| 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 | 300.0M | 400.0M | 87.8M | 129.0M | 149.0M | 167.0M | 67.6M | 50.6M | 33.9M | 18.3M | 39.6M |
| Accounts Receivable | 245.0M | 169.0M | 166.0M | 139.0M | 128.0M | 97.4M | 68.1M | -- | 40.9M | 32.7M | 14.6M |
| Notes Receivable | 591,900 | 1.3M | 1.0M | -- | 451,000 | 826,900 | 764,400 | -- | 5.6M | 127,700 | -- |
| Notes And Accounts Receivable | 246.0M | 171.0M | 167.0M | 139.0M | 128.0M | 98.2M | 68.9M | 50.0M | 46.5M | 32.9M | 14.6M |
| Prepayments | 12.8M | 9.6M | 16.8M | 13.8M | 19.7M | 7.6M | 15.3M | 4.6M | 1.5M | 1.4M | 847,900 |
| Inventory | 300.0M | 230.0M | 207.0M | 194.0M | 156.0M | 125.0M | 92.5M | 80.6M | 34.0M | 22.5M | 23.9M |
| Total Current Assets | 1.0B | 929.0M | 486.0M | 485.0M | 466.0M | 405.0M | 246.0M | 187.0M | 118.0M | 78.9M | 84.6M |
| Fixed Assets | -- | 365.0M | 306.0M | 312.0M | 250.0M | 211.0M | 151.0M | -- | 111.0M | 89.8M | 78.2M |
| Fixed Assets Total | 634.0M | 365.0M | 306.0M | 312.0M | 250.0M | 211.0M | 151.0M | 134.0M | 111.0M | 89.8M | 78.2M |
| Construction In Progress | -- | 176.0M | 137.0M | 82.3M | 39.9M | 4.2M | 1.1M | -- | 2.4M | 15.8M | -- |
| Construction In Progress Total | 219.0M | 176.0M | 137.0M | 82.3M | 39.9M | 4.2M | 1.1M | 553,400 | 2.4M | 15.8M | -- |
| Intangible Assets | 52.4M | 71.1M | 46.4M | 47.2M | 25.9M | 5.8M | 5.7M | 5.6M | 5.2M | 5.4M | 5.5M |
| Long Term Deferred Expenses | 31.7M | 9.9M | 11.1M | 12.1M | 10.8M | 7.0M | 5.5M | 5.9M | 3.8M | -- | -- |
| Total Non Current Assets | 1.6B | 1.3B | 621.0M | 578.0M | 405.0M | 283.0M | 203.0M | 180.0M | 127.0M | 120.0M | 89.7M |
| Total Assets | 2.6B | 2.2B | 1.1B | 1.1B | 870.0M | 688.0M | 450.0M | 367.0M | 245.0M | 199.0M | 174.0M |
| Short Term Borrowings | 421.0M | 304.0M | 68.0M | 28.9M | 34.7M | 34.9M | 35.0M | 35.5M | 36.5M | 36.5M | 40.0M |
| Accounts Payable | 210.0M | 121.0M | 80.8M | 103.0M | 78.1M | 57.0M | 38.0M | -- | 17.4M | 15.6M | 10.8M |
| Advance Receipts | -- | -- | -- | -- | -- | 8.5M | 7.8M | 8.2M | 2.9M | 681,000 | 552,800 |
| Contract Liabilities | 9.9M | 9.3M | 9.5M | 10.8M | 13.6M | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 850.0M | 583.0M | 292.0M | 322.0M | 274.0M | 154.0M | 133.0M | 102.0M | 86.4M | 65.8M | 155.0M |
| Total Non Current Liabilities | 154.0M | 81.3M | 89.4M | 92.0M | 29.4M | 17.7M | 5.4M | -- | -- | -- | -- |
| Total Liabilities | 1.0B | 665.0M | 381.0M | 414.0M | 304.0M | 172.0M | 139.0M | 102.0M | 86.4M | 65.8M | 155.0M |
| Paid In Capital | 195.0M | 195.0M | 146.0M | 146.0M | 146.0M | 146.0M | 118.0M | 118.0M | 100.0M | 100.0M | 10.0M |
| Capital Reserve | 958.0M | 958.0M | 233.0M | 233.0M | 233.0M | 233.0M | 102.0M | 102.0M | 35.4M | -- | -- |
| Surplus Reserve | 49.3M | 44.2M | 37.6M | 30.0M | 21.5M | 15.3M | 9.5M | 4.8M | 2.6M | 3.3M | 973,000 |
| Retained Earnings | 338.0M | 325.0M | 309.0M | 240.0M | 165.0M | 119.0M | 80.1M | 40.4M | 20.7M | 29.5M | 8.8M |
| Minority Equity | 55.7M | 1.3M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 1.5B | 1.5B | 725.0M | 649.0M | 566.0M | 516.0M | 311.0M | 266.0M | 159.0M | 133.0M | 19.7M |
| Total Equity | 1.6B | 1.5B | 725.0M | 649.0M | 566.0M | 516.0M | 311.0M | 266.0M | 159.0M | 133.0M | 19.7M |
| 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 | 1.5B | 1.2B | 1.1B | 1.3B | 900.0M | 733.0M | 554.0M | 310.0M | 211.0M | 180.0M | 123.0M |
| Tax Refunds Received | 4.6M | 9.1M | 9.6M | 16.6M | 9.7M | 5.5M | 3.6M | 873,400 | -- | 528,200 | -- |
| Total Operating Cash Inflow | 1.5B | 1.3B | 1.1B | 1.3B | 922.0M | 747.0M | 564.0M | 313.0M | 215.0M | 184.0M | 125.0M |
| Cash Paid For Goods | 1.2B | 804.0M | 825.0M | 919.0M | 671.0M | 500.0M | 387.0M | 228.0M | 125.0M | 206.0M | 62.9M |
| Cash Paid To Employees | 243.0M | 181.0M | 173.0M | 182.0M | 114.0M | 95.3M | 64.6M | 32.4M | 19.6M | 18.6M | 13.3M |
| Taxes Paid | 25.1M | 19.1M | 19.3M | 12.0M | 17.4M | 15.7M | 14.9M | 8.3M | 14.7M | 7.4M | 5.2M |
| Total Operating Cash Outflow | 1.5B | 1.0B | 1.1B | 1.1B | 843.0M | 671.0M | 511.0M | 299.0M | 178.0M | 249.0M | 94.5M |
| Operating Cash Flow | 44.0M | 217.0M | 97.0M | 176.0M | 78.5M | 76.1M | 53.2M | 14.7M | 36.6M | -65.3M | 30.6M |
| Total Investing Cash Inflow | 222.0M | 6.0M | 13,100 | 827,100 | 5.5M | 2.7M | 907,900 | 6.2M | 655,300 | -- | -- |
| Total Investing Cash Outflow | 478.0M | 797.0M | 119.0M | 164.0M | 170.0M | 105.0M | 49.8M | 31.7M | 19.6M | 38.1M | 8.4M |
| Investing Cash Flow | -256.0M | -791.0M | -119.0M | -163.0M | -165.0M | -102.0M | -48.9M | -25.5M | -18.9M | -38.1M | -8.4M |
| Cash From Borrowings | 441.0M | 133.0M | 109.0M | 112.0M | 34.7M | 34.9M | 35.0M | 35.5M | 36.5M | 36.5M | 40.0M |
| Dividends And Interest Paid | 23.7M | 50.0M | 1.1M | 2.0M | 14.8M | 20.7M | 13.5M | 1.7M | 2.0M | 2.1M | 3.0M |
| Debt Repayments | 251.0M | 87.4M | 72.0M | 117.0M | 34.9M | 35.0M | 35.5M | 36.5M | 36.5M | 40.0M | 40.0M |
| Total Financing Cash Inflow | 791.0M | 1.2B | 109.0M | 112.0M | 34.7M | 194.0M | 35.0M | 89.5M | 37.2M | 217.0M | 87.8M |
| Total Financing Cash Outflow | 677.0M | 247.0M | 93.2M | 140.0M | 50.1M | 56.1M | 49.5M | 44.1M | 62.3M | 95.6M | 110.0M |
| Financing Cash Flow | 114.0M | 947.0M | 16.3M | -28.5M | -15.4M | 138.0M | -14.5M | 45.3M | -25.2M | 121.0M | -22.6M |
| Net Change In Cash | -96.4M | 373.0M | -2.8M | -16.6M | -105.0M | 112.0M | -9.9M | 34.3M | -7.5M | 17.6M | -443,600 |
| Ending Cash Balance | 299.0M | 396.0M | 22.7M | 25.5M | 42.0M | 147.0M | 35.2M | 45.1M | 10.8M | 18.3M | 653,300 |
| Capex | 408.0M | 155.0M | 119.0M | 164.0M | 165.0M | 98.9M | 48.0M | 31.7M | 19.6M | 38.1M | 8.4M |