Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Dec 31, 2025 | 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 | 481.0M | 349.0M | 368.0M | 387.0M | 356.0M | 253.0M | 226.0M | 196.0M | 112.0M | 50.5M | 31.1M | 11.1M |
| Revenue Growth % | 37.8% | -5.2% | -4.9% | 8.7% | 40.7% | 11.9% | 15.3% | 75.0% | 121.8% | 62.5% | 180.2% | -- |
| Total Revenue | 481.0M | 349.0M | 368.0M | 387.0M | 356.0M | 253.0M | 226.0M | 196.0M | 112.0M | 50.5M | 31.1M | 11.1M |
| Cost Of Revenue | 241.0M | 174.0M | 181.0M | 186.0M | 159.0M | 115.0M | 103.0M | 96.7M | 64.8M | 27.7M | 19.3M | 6.8M |
| Gross Profit | 240.0M | 175.0M | 187.0M | 201.0M | 197.0M | 138.0M | 123.0M | 99.3M | 47.2M | 22.8M | 11.8M | 4.3M |
| Gross Margin % | 49.9% | 50.1% | 50.8% | 51.9% | 55.3% | 54.5% | 54.4% | 50.7% | 42.2% | 45.1% | 37.8% | 38.7% |
| Total Operating Cost | 374.0M | 281.0M | 273.0M | 266.0M | 230.0M | 175.0M | 157.0M | 139.0M | 77.9M | 36.7M | 23.6M | 9.4M |
| Selling Expenses | 54.6M | 50.5M | 44.0M | 41.1M | 39.2M | 32.6M | 33.2M | 20.8M | 2.6M | 1.3M | 1.1M | 814,200 |
| Admin Expenses | 26.8M | 19.7M | 17.7M | 12.5M | 10.1M | 10.3M | 7.7M | 10.7M | 4.7M | 6.9M | 2.9M | 1.6M |
| Rd Expenses | 45.0M | 35.9M | 25.8M | 22.1M | 19.9M | 13.8M | 10.1M | 8.6M | 4.9M | -- | -- | -- |
| Finance Expenses | -1.3M | -3.2M | -1.6M | -73,000 | 146,500 | -43,500 | 18,900 | -55,900 | 110,600 | 266,100 | -400.00 | 600.00 |
| Operating Income | 129.0M | 86.8M | 114.0M | 133.0M | 136.0M | 90.8M | 79.6M | 63.8M | 36.1M | 13.8M | 7.5M | 1.7M |
| Operating Margin % | 26.8% | 24.9% | 31.0% | 34.4% | 38.2% | 35.9% | 35.2% | 32.6% | 32.2% | 27.4% | 24.1% | 15.3% |
| Non Operating Income | 139,100 | 28,000 | 1,200 | 10.00 | 6,300 | 10,900 | 600.00 | 39,900 | 720,900 | 2.0M | 200,800 | 454,800 |
| Non Operating Expenses | 198,000 | 87,400 | 27,000 | 7,400 | 6,000 | 21,800 | 22,800 | -- | -- | -- | -- | 10,300 |
| Investment Income | 6.9M | 10.2M | 2.3M | 949,200 | 697,700 | 2.0M | 1.3M | 185,300 | 234,600 | -- | -- | -- |
| Fair Value Change Income | -- | -- | -- | -- | -- | -73,200 | 73,200 | -- | -- | -- | -- | -- |
| Asset Disposal Income | 1.2M | 48,100 | -- | 79,600 | 5,900 | -- | -- | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 1.8M | 891,500 | 931,700 | 755,200 | 531,100 | 573,200 | 190,100 | 1.1M | 200,700 | 76,800 | 238,200 | 150,800 |
| Other Income | 13.4M | 8.3M | 17.4M | 10.5M | 8.6M | 10.3M | 8.8M | 7.3M | 2.0M | -- | -- | -- |
| Income Before Tax | 129.0M | 86.7M | 114.0M | 133.0M | 136.0M | 90.8M | 79.6M | 63.8M | 36.8M | 15.8M | 7.7M | 2.1M |
| Income Tax | 17.0M | 9.4M | 14.7M | 17.0M | 18.6M | 13.1M | 11.5M | 9.4M | 5.0M | 2.2M | 1.2M | 300,100 |
| Net Income | 112.0M | 77.3M | 99.4M | 116.0M | 117.0M | 77.7M | 68.1M | 54.5M | 31.8M | 13.6M | 6.5M | 1.8M |
| Net Margin % | 23.3% | 22.2% | 27.0% | 30.0% | 32.9% | 30.7% | 30.1% | 27.8% | 28.4% | 26.9% | 21.0% | 16.6% |
| Net Income Attributable | 112.0M | 77.3M | 99.4M | 116.0M | 117.0M | 77.7M | 68.1M | 54.5M | 31.8M | 13.6M | 6.5M | 1.8M |
| Eps Basic | 1.09 | 0.75 | 1.25 | 1.50 | 1.51 | 1.00 | 0.88 | 1.16 | 0.76 | 0.60 | 0.44 | 1.23 |
| Eps Diluted | 1.09 | 0.75 | 1.25 | 1.50 | 1.51 | 1.00 | 0.88 | 1.16 | 0.76 | 0.60 | 0.44 | 1.23 |
| Line Item | FY 2025Dec 31, 2025 | 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 | 531.0M | 558.0M | 771.0M | 169.0M | 118.0M | 100.0M | 33.5M | 24.9M | 15.7M | 7.3M | 2.3M | 191,200 |
| Trading Financial Assets | -- | -- | -- | -- | -- | -- | 40.1M | -- | -- | -- | -- | -- |
| Accounts Receivable | 62.8M | 52.0M | 61.6M | 31.8M | 24.8M | 48.0M | 40.2M | 24.2M | -- | 11.0M | 9.5M | 3.4M |
| Notes Receivable | 32.0M | 27.7M | 12.7M | 36.4M | 55.4M | 25.5M | 16.9M | 19.4M | -- | 1.6M | 626,800 | 385,600 |
| Notes And Accounts Receivable | 94.8M | 79.7M | 74.4M | 68.2M | 80.2M | 73.6M | 57.2M | 43.6M | 22.4M | 12.6M | 10.1M | 3.8M |
| Prepayments | 5.1M | 3.0M | 1.5M | 1.8M | 1.2M | 585,100 | 1.2M | 609,800 | 278,700 | 435,000 | 394,600 | 712,000 |
| Inventory | 199.0M | 179.0M | 122.0M | 143.0M | 137.0M | 94.3M | 66.9M | 62.8M | 49.0M | 20.9M | 8.6M | 3.3M |
| Total Current Assets | 882.0M | 846.0M | 989.0M | 404.0M | 349.0M | 283.0M | 207.0M | 157.0M | 92.6M | 41.4M | 21.5M | 8.0M |
| Fixed Assets | 250.0M | 104.0M | 96.0M | 98.5M | 10.7M | 7.6M | 8.2M | -- | -- | 383,600 | 557,200 | 716,000 |
| Fixed Assets Total | 250.0M | 104.0M | 96.0M | 98.5M | 10.7M | 7.6M | 8.2M | 2.5M | 631,400 | 383,600 | 557,200 | 716,000 |
| Construction In Progress | 5.1M | 3.0M | -- | -- | 70.2M | 12.6M | -- | -- | -- | -- | -- | -- |
| Construction In Progress Total | 5.1M | 3.0M | -- | -- | 70.2M | 12.6M | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 4.3M | 4.5M | 4.5M | 4.8M | 4.8M | 4.9M | 5.3M | 796,400 | 22,900 | 16,500 | 31,100 | 68,300 |
| Long Term Deferred Expenses | 3.9M | 2.3M | 929,000 | 1.3M | 470,700 | 818,200 | 910,500 | 1.1M | -- | -- | -- | 40,000 |
| Total Non Current Assets | 313.0M | 283.0M | 105.0M | 108.0M | 91.9M | 27.1M | 15.3M | 4.6M | 769,100 | 486,600 | 663,300 | 889,900 |
| Total Assets | 1.2B | 1.1B | 1.1B | 512.0M | 441.0M | 310.0M | 222.0M | 162.0M | 93.4M | 41.9M | 22.2M | 8.9M |
| Accounts Payable | 36.3M | 36.9M | 34.4M | 43.0M | 35.7M | 37.4M | 20.3M | 10.7M | -- | 4.8M | 2.6M | 304,100 |
| Advance Receipts | 71,600 | -- | -- | -- | -- | -- | 14.4M | 19.6M | 10.1M | 5.9M | 766,500 | 447,000 |
| Contract Liabilities | 64.0M | 44.5M | 22.0M | 42.0M | 46.2M | 19.3M | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 152.0M | 126.0M | 88.9M | 134.0M | 121.0M | 83.2M | 54.5M | 42.0M | 21.6M | 13.5M | 12.2M | 5.3M |
| Total Non Current Liabilities | 1.7M | 1.7M | 1.5M | 2.4M | 2.8M | 914,900 | 713,300 | -- | -- | -- | -- | 175,000 |
| Total Liabilities | 153.0M | 128.0M | 90.4M | 137.0M | 124.0M | 84.1M | 55.2M | 42.0M | 21.6M | 13.5M | 12.2M | 5.4M |
| Paid In Capital | 103.0M | 103.0M | 103.0M | 77.4M | 77.4M | 77.4M | 77.4M | 48.4M | 25.2M | 15.0M | 1.5M | 1.5M |
| Capital Reserve | 518.0M | 518.0M | 518.0M | 15.8M | 15.1M | 14.4M | 13.9M | 2.6M | 2.1M | 646,800 | -- | -- |
| Surplus Reserve | 51.6M | 51.6M | 48.7M | 38.7M | 35.0M | 23.3M | 15.5M | 10.0M | 4.5M | 1.4M | 931,300 | 278,800 |
| Retained Earnings | 392.0M | 337.0M | 333.0M | 244.0M | 189.0M | 111.0M | 60.2M | 59.1M | 40.0M | 11.4M | 7.6M | 1.7M |
| Equity Attributable | 1.0B | 1.0B | 1.0B | 376.0M | 317.0M | 226.0M | 167.0M | 120.0M | 71.8M | 28.4M | 10.0M | 3.5M |
| Total Equity | 1.0B | 1.0B | 1.0B | 376.0M | 317.0M | 226.0M | 167.0M | 120.0M | 71.8M | 28.4M | 10.0M | 3.5M |
| Line Item | FY 2025Dec 31, 2025 | 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 | 447.0M | 352.0M | 340.0M | 392.0M | 386.0M | 252.0M | 224.0M | 209.0M | 116.0M | 57.9M | 29.6M | 9.8M |
| Tax Refunds Received | 9.4M | 4.8M | 12.6M | 3.5M | 6.0M | 3.2M | 3.9M | 4.2M | -- | -- | -- | -- |
| Total Operating Cash Inflow | 462.0M | 365.0M | 360.0M | 405.0M | 396.0M | 266.0M | 233.0M | 217.0M | 119.0M | 59.9M | 32.0M | 11.6M |
| Cash Paid For Goods | 215.0M | 209.0M | 142.0M | 162.0M | 195.0M | 132.0M | 106.0M | 117.0M | 95.6M | 38.9M | 24.6M | 9.3M |
| Cash Paid To Employees | 79.3M | 63.4M | 52.7M | 51.0M | 44.2M | 33.3M | 31.3M | 20.8M | 7.1M | 4.3M | 1.3M | 1.2M |
| Taxes Paid | 36.2M | 22.5M | 57.4M | 33.8M | 33.8M | 28.4M | 31.6M | 22.8M | 9.6M | 5.8M | 493,500 | 349,900 |
| Total Operating Cash Outflow | 366.0M | 327.0M | 274.0M | 266.0M | 292.0M | 218.0M | 187.0M | 176.0M | 116.0M | 59.3M | 29.8M | 12.1M |
| Operating Cash Flow | 96.9M | 38.8M | 85.8M | 139.0M | 104.0M | 48.5M | 46.4M | 40.7M | 2.3M | 638,900 | 2.3M | -479,600 |
| Total Investing Cash Inflow | 2.3B | 2.3B | 552.0M | 154.0M | 95.8M | 200.0M | 92.4M | 13.4M | 5.1M | -- | -- | -- |
| Total Investing Cash Outflow | 2.4B | 2.5B | 559.0M | 180.0M | 153.0M | 163.0M | 112.0M | 37.5M | 10.5M | 195,000 | 143,800 | 82,500 |
| Investing Cash Flow | -50.6M | -168.0M | -6.9M | -25.8M | -57.1M | 37.5M | -20.0M | -24.1M | -5.5M | -195,000 | -143,800 | -82,500 |
| Cash From Borrowings | -- | -- | -- | -- | -- | -- | -- | -- | 3.0M | -- | -- | -- |
| Dividends And Interest Paid | 57.4M | 70.2M | -- | 58.1M | 27.1M | 19.4M | 19.4M | 29.9M | 124,400 | 202,900 | -- | -- |
| Debt Repayments | -- | -- | -- | -- | -- | -- | -- | -- | 3.0M | -- | -- | -- |
| Total Financing Cash Inflow | 148,200 | -- | 559.0M | -- | -- | -- | 1.6M | 22.4M | 14.7M | 4.8M | -- | -- |
| Total Financing Cash Outflow | 73.6M | 84.5M | 34.9M | 62.0M | 29.5M | 19.4M | 19.4M | 29.9M | 3.1M | 202,900 | -- | -- |
| Financing Cash Flow | -73.5M | -84.5M | 524.0M | -62.0M | -29.5M | -19.4M | -17.7M | -7.5M | 11.5M | 4.6M | -- | -- |
| Net Change In Cash | -27.3M | -213.0M | 603.0M | 51.1M | 17.5M | 66.6M | 8.7M | 9.1M | 8.4M | 5.0M | 2.1M | -562,100 |
| Ending Cash Balance | 531.0M | 558.0M | 771.0M | 169.0M | 118.0M | 100.0M | 33.5M | 24.9M | 15.7M | 7.3M | 2.3M | 191,200 |
| Capex | 53.5M | 143.0M | 9.4M | 26.9M | 58.0M | 4.7M | 6.4M | 4.5M | 530,800 | 195,000 | 143,800 | 82,500 |