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 |
|---|---|---|---|---|---|
| Revenue | 842.0M | 767.0M | 684.0M | 548.0M | 388.0M |
| Revenue Growth % | 9.8% | 12.1% | 24.8% | 41.2% | -- |
| Total Revenue | 842.0M | 767.0M | 684.0M | 548.0M | 388.0M |
| Cost Of Revenue | 537.0M | 479.0M | 463.0M | 365.0M | 269.0M |
| Gross Profit | 305.0M | 288.0M | 221.0M | 183.0M | 119.0M |
| Gross Margin % | 36.2% | 37.5% | 32.3% | 33.4% | 30.7% |
| Total Operating Cost | 655.0M | 604.0M | 570.0M | 462.0M | 344.0M |
| Selling Expenses | 11.3M | 10.4M | 7.5M | 6.9M | 3.7M |
| Admin Expenses | 38.1M | 42.8M | 43.4M | 41.1M | 35.1M |
| Rd Expenses | 58.3M | 53.9M | 42.7M | 41.7M | 25.0M |
| Finance Expenses | -16.6M | -5.7M | -9.1M | 142,700 | 3.6M |
| Operating Income | 205.0M | 171.0M | 122.0M | 103.0M | 49.1M |
| Operating Margin % | 24.3% | 22.3% | 17.8% | 18.8% | 12.6% |
| Non Operating Income | 3.5M | 225,500 | 400.00 | 5.9M | 200,000 |
| Non Operating Expenses | 175,000 | 124,000 | 328,500 | 616,800 | 730,800 |
| Investment Income | -- | -- | -- | -- | 104,600 |
| Fair Value Change Income | -- | -- | -- | -- | -- |
| Asset Disposal Income | -101,200 | -29,500 | -261,100 | 200.00 | -- |
| Asset Impairment Loss | 17.9M | 8.5M | 12.3M | 3.1M | 4.2M |
| Other Income | 17.7M | 8.3M | 7.8M | 17.1M | 4.9M |
| Income Before Tax | 208.0M | 171.0M | 121.0M | 108.0M | 48.5M |
| Income Tax | 22.0M | 17.4M | 10.2M | 7.7M | 4.6M |
| Net Income | 186.0M | 153.0M | 111.0M | 101.0M | 43.9M |
| Net Margin % | 22.1% | 19.9% | 16.2% | 18.4% | 11.3% |
| Net Income Attributable | 186.0M | 152.0M | 110.0M | 101.0M | 44.0M |
| Minority Interest | 15,000 | 989,700 | 1.1M | 211,300 | -101,000 |
| Eps Basic | 1.04 | 0.85 | 0.61 | 0.56 | 0.26 |
| Eps Diluted | 1.04 | 0.85 | 0.61 | 0.56 | 0.26 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 |
|---|---|---|---|---|---|
| Cash And Equivalents | 399.0M | 208.0M | 167.0M | 161.0M | 126.0M |
| Trading Financial Assets | -- | -- | -- | -- | -- |
| Accounts Receivable | 324.0M | 276.0M | 203.0M | 167.0M | 153.0M |
| Notes Receivable | 169,100 | 1.9M | 711,700 | -- | 50,000 |
| Notes And Accounts Receivable | 324.0M | 278.0M | 204.0M | 167.0M | 153.0M |
| Prepayments | 5.5M | 3.9M | 2.5M | 7.0M | 6.0M |
| Inventory | 135.0M | 137.0M | 116.0M | 116.0M | 74.7M |
| Total Current Assets | 894.0M | 674.0M | 553.0M | 489.0M | 441.0M |
| Fixed Assets | -- | 420.0M | 454.0M | 394.0M | 267.0M |
| Fixed Assets Total | 393.0M | 420.0M | 454.0M | 394.0M | 267.0M |
| Construction In Progress | -- | 13.9M | 4.8M | 58.6M | 13.0M |
| Construction In Progress Total | 1.0M | 13.9M | 4.8M | 58.6M | 13.0M |
| Intangible Assets | 47.1M | 48.2M | 49.9M | 51.5M | 56.3M |
| Long Term Deferred Expenses | 784,500 | 1.1M | 1.5M | 857,400 | -- |
| Total Non Current Assets | 466.0M | 498.0M | 526.0M | 525.0M | 347.0M |
| Total Assets | 1.4B | 1.2B | 1.1B | 1.0B | 787.0M |
| Short Term Borrowings | -- | 20.0M | 56.3M | 85.1M | 5.0M |
| Accounts Payable | 69.5M | 57.7M | 86.9M | 98.9M | 64.5M |
| Contract Liabilities | 5.2M | 4.2M | 4.2M | 12.5M | 1.8M |
| Total Current Liabilities | 107.0M | 105.0M | 167.0M | 211.0M | 86.5M |
| Total Non Current Liabilities | 20.7M | 21.0M | 20.8M | 24.5M | 26.9M |
| Total Liabilities | 128.0M | 126.0M | 188.0M | 236.0M | 113.0M |
| Paid In Capital | 180.0M | 180.0M | 180.0M | 180.0M | 180.0M |
| Capital Reserve | 458.0M | 458.0M | 458.0M | 457.0M | 454.0M |
| Surplus Reserve | 59.7M | 41.1M | 25.8M | 14.9M | 4.8M |
| Retained Earnings | 516.0M | 349.0M | 212.0M | 113.0M | 22.2M |
| Minority Equity | 12.3M | 13.0M | 12.6M | 11.9M | 11.6M |
| Equity Attributable | 1.2B | 1.0B | 878.0M | 766.0M | 662.0M |
| Total Equity | 1.2B | 1.0B | 891.0M | 778.0M | 674.0M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 |
|---|---|---|---|---|---|
| Cash From Sales | 706.0M | 687.0M | 574.0M | 557.0M | 376.0M |
| Tax Refunds Received | 3.5M | 8,300 | 16.9M | 3.9M | 963,900 |
| Total Operating Cash Inflow | 738.0M | 695.0M | 634.0M | 603.0M | 396.0M |
| Cash Paid For Goods | 314.0M | 388.0M | 334.0M | 341.0M | 234.0M |
| Cash Paid To Employees | 109.0M | 108.0M | 98.2M | 80.7M | 48.4M |
| Taxes Paid | 38.4M | 47.0M | 28.5M | 24.2M | 11.8M |
| Total Operating Cash Outflow | 512.0M | 594.0M | 540.0M | 503.0M | 317.0M |
| Operating Cash Flow | 226.0M | 101.0M | 94.6M | 100.0M | 79.0M |
| Total Investing Cash Inflow | 3,800 | 69,600 | 84,400 | 2.8M | 20.9M |
| Total Investing Cash Outflow | 14.4M | 21.5M | 64.9M | 149.0M | 107.0M |
| Investing Cash Flow | -14.4M | -21.4M | -64.8M | -146.0M | -86.1M |
| Cash From Borrowings | 30.0M | 20.0M | 86.2M | 85.0M | 47.0M |
| Dividends And Interest Paid | 1.4M | 2.7M | 3.5M | 1.8M | 4.5M |
| Debt Repayments | 50.0M | 56.2M | 115.0M | 5.0M | 64.0M |
| Total Financing Cash Inflow | 30.0M | 20.0M | 86.2M | 87.5M | 203.0M |
| Total Financing Cash Outflow | 56.0M | 61.2M | 121.0M | 8.0M | 99.3M |
| Financing Cash Flow | -26.0M | -41.2M | -35.2M | 79.4M | 104.0M |
| Net Change In Cash | 191.0M | 41.6M | 5.4M | 32.2M | 95.0M |
| Ending Cash Balance | 399.0M | 208.0M | 167.0M | 161.0M | 129.0M |
| Capex | 14.4M | 21.5M | 64.9M | 145.0M | 56.2M |