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 2018Dec 31, 2018 |
|---|---|---|---|---|---|
| Revenue | 1.1B | 908.0M | 651.0M | 475.0M | 277.0M |
| Revenue Growth % | 21.8% | 39.5% | 37.1% | 71.5% | -- |
| Total Revenue | 1.1B | 908.0M | 651.0M | 475.0M | 277.0M |
| Cost Of Revenue | 771.0M | 572.0M | 434.0M | 340.0M | 209.0M |
| Gross Profit | 335.0M | 336.0M | 217.0M | 135.0M | 68.0M |
| Gross Margin % | 30.3% | 37.0% | 33.3% | 28.4% | 24.5% |
| Total Operating Cost | 909.0M | 715.0M | 538.0M | 409.0M | 256.0M |
| Selling Expenses | 23.5M | 24.9M | 20.2M | 9.8M | 7.2M |
| Admin Expenses | 64.7M | 64.1M | 46.0M | 31.0M | 16.6M |
| Rd Expenses | 42.1M | 40.3M | 27.9M | 21.6M | 9.2M |
| Finance Expenses | -4.2M | -4.8M | -2.0M | 479,500 | 794,000 |
| Operating Income | 204.0M | 197.0M | 116.0M | 73.2M | 22.2M |
| Operating Margin % | 18.4% | 21.7% | 17.8% | 15.4% | 8.0% |
| Non Operating Income | 149,800 | 39,300 | 7,400 | 94,900 | 47,000 |
| Non Operating Expenses | 302,300 | 2.5M | 474,000 | 632,400 | 216,800 |
| Investment Income | 631,500 | -439,700 | -491,400 | 7,344 | 904.38 |
| Asset Disposal Income | 227,700 | -121,700 | 50,700 | 59,000 | -24,500 |
| Asset Impairment Loss | 5.0M | 8.8M | 3.8M | 3.0M | 10.7M |
| Other Income | 6.7M | 4.4M | 3.6M | 7.6M | 639,200 |
| Income Before Tax | 204.0M | 195.0M | 115.0M | 72.7M | 22.0M |
| Income Tax | 17.3M | 28.7M | 17.2M | 8.5M | 1.8M |
| Net Income | 186.0M | 166.0M | 98.0M | 64.2M | 20.3M |
| Net Margin % | 16.8% | 18.3% | 15.1% | 13.5% | 7.3% |
| Net Income Attributable | 179.0M | 172.0M | 100.0M | 64.1M | 20.5M |
| Minority Interest | 7.3M | -5.8M | -2.5M | 175,500 | -243,400 |
| Eps Basic | 2.88 | 2.77 | 1.74 | 1.14 | 0.41 |
| Eps Diluted | 2.88 | 2.77 | 1.74 | 1.14 | 0.41 |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2018Dec 31, 2018 |
|---|---|---|---|---|---|
| Cash And Equivalents | 330.0M | 307.0M | 171.0M | 84.0M | 60.6M |
| Trading Financial Assets | -- | -- | -- | -- | -- |
| Accounts Receivable | 246.0M | 229.0M | 187.0M | 143.0M | 108.0M |
| Notes Receivable | 11.1M | 25.2M | 21.4M | 38.2M | 90.6M |
| Notes And Accounts Receivable | 257.0M | 254.0M | 208.0M | 181.0M | 199.0M |
| Prepayments | 7.3M | 6.5M | 2.0M | 1.7M | 1.1M |
| Inventory | 145.0M | 123.0M | 74.1M | 51.4M | 22.5M |
| Total Current Assets | 805.0M | 759.0M | 480.0M | 346.0M | 283.0M |
| Long Term Equity Investment | 3.1M | 2.5M | 2.7M | -- | -- |
| Fixed Assets | 217.0M | 183.0M | 170.0M | 136.0M | -- |
| Fixed Assets Total | 217.0M | 183.0M | 170.0M | 136.0M | 51.4M |
| Construction In Progress | 142.0M | 37.7M | 13.2M | 12.0M | -- |
| Construction In Progress Total | 142.0M | 37.7M | 13.2M | 12.0M | 330,500 |
| Intangible Assets | 51.6M | 42.2M | 42.6M | 26.6M | 30.0M |
| Long Term Deferred Expenses | 8.3M | 6.3M | 1.9M | 2.1M | 1.2M |
| Total Non Current Assets | 481.0M | 324.0M | 276.0M | 219.0M | 93.3M |
| Total Assets | 1.3B | 1.1B | 757.0M | 565.0M | 377.0M |
| Short Term Borrowings | -- | -- | 1.9M | 45.1M | 42.5M |
| Accounts Payable | 142.0M | 165.0M | 118.0M | 80.0M | 33.9M |
| Advance Receipts | 527,000 | 464,300 | 144,200 | 805,400 | 343,900 |
| Contract Liabilities | 5.4M | 6.7M | 2.5M | 6.5M | -- |
| Total Current Liabilities | 358.0M | 401.0M | 235.0M | 232.0M | 174.0M |
| Total Non Current Liabilities | 22.2M | 28.8M | 21.4M | 14.9M | 4.6M |
| Total Liabilities | 381.0M | 430.0M | 257.0M | 247.0M | 178.0M |
| Paid In Capital | 62.1M | 62.1M | 62.1M | 56.4M | 49.6M |
| Capital Reserve | 101.0M | 99.1M | 95.5M | 19.6M | 15.3M |
| Surplus Reserve | 31.2M | 31.2M | 31.2M | 28.3M | 19.8M |
| Retained Earnings | 579.0M | 400.0M | 259.0M | 177.0M | 104.0M |
| Minority Equity | 133.0M | 64.5M | 52.3M | 36.1M | 9.8M |
| Equity Attributable | 772.0M | 589.0M | 448.0M | 281.0M | 189.0M |
| Total Equity | 905.0M | 653.0M | 500.0M | 317.0M | 198.0M |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2018Dec 31, 2018 |
|---|---|---|---|---|---|
| Cash From Sales | 1.1B | 778.0M | 512.0M | 446.0M | 285.0M |
| Tax Refunds Received | 8.3M | -- | -- | 1.4M | 763,400 |
| Total Operating Cash Inflow | 1.1B | 788.0M | 516.0M | 456.0M | 287.0M |
| Cash Paid For Goods | 741.0M | 366.0M | 248.0M | 261.0M | 197.0M |
| Cash Paid To Employees | 160.0M | 148.0M | 97.3M | 66.3M | 20.7M |
| Taxes Paid | 52.2M | 33.1M | 33.4M | 14.8M | 11.6M |
| Total Operating Cash Outflow | 1.0B | 603.0M | 424.0M | 368.0M | 248.0M |
| Operating Cash Flow | 97.8M | 185.0M | 92.1M | 88.1M | 38.6M |
| Total Investing Cash Inflow | 1.6M | 4.2M | 3.4M | 627,400 | 276,600 |
| Total Investing Cash Outflow | 108.0M | 45.6M | 48.8M | 38.4M | 35.6M |
| Investing Cash Flow | -106.0M | -41.5M | -45.4M | -37.8M | -35.3M |
| Cash From Borrowings | -- | -- | 11.9M | 45.0M | 47.5M |
| Dividends And Interest Paid | 371,600 | 31.3M | 16.3M | 30.6M | 11.8M |
| Debt Repayments | -- | -- | 55.0M | 55.9M | 15.0M |
| Total Financing Cash Inflow | 141.0M | 92.2M | 206.0M | 169.0M | 47.7M |
| Total Financing Cash Outflow | 83.7M | 107.0M | 172.0M | 191.0M | 57.8M |
| Financing Cash Flow | 57.0M | -14.5M | 34.7M | -22.1M | -10.1M |
| Net Change In Cash | 51.6M | 124.0M | 83.4M | 28.6M | -6.7M |
| Ending Cash Balance | 321.0M | 269.0M | 145.0M | 61.7M | 29.5M |
| Capex | 108.0M | 45.6M | 48.8M | 38.1M | 21.2M |