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 |
|---|---|---|---|---|---|
| Revenue | 5.8B | 12.6B | 20.8B | 22.9B | 16.1B |
| Revenue Growth % | -53.8% | -39.5% | -9.0% | 42.0% | -- |
| Total Revenue | 5.8B | 12.6B | 20.8B | 22.9B | 16.1B |
| Cost Of Revenue | 5.5B | 12.4B | 20.1B | 22.1B | 15.5B |
| Gross Profit | 361.0M | 166.0M | 671.0M | 751.0M | 561.0M |
| Gross Margin % | 6.2% | 1.3% | 3.2% | 3.3% | 3.5% |
| Total Operating Cost | 5.9B | 13.1B | 20.7B | 22.7B | 15.9B |
| Selling Expenses | 28.1M | 28.3M | 34.2M | 39.4M | 33.6M |
| Admin Expenses | 193.0M | 151.0M | 174.0M | 189.0M | 166.0M |
| Rd Expenses | 28.7M | 45.9M | 51.8M | 48.7M | 43.5M |
| Finance Expenses | 70.6M | 82.4M | 68.5M | 112.0M | 83.1M |
| Operating Income | 159.0M | -328.0M | 265.0M | 308.0M | 246.0M |
| Operating Margin % | 2.7% | -2.6% | 1.3% | 1.3% | 1.5% |
| Non Operating Income | 1.6M | 4.5M | 52.7M | 5.7M | 2.6M |
| Non Operating Expenses | 38.1M | 32.1M | 24.0M | 48.3M | 47.1M |
| Investment Income | 269.0M | 157.0M | 126.0M | 152.0M | 77.6M |
| Fair Value Change Income | 498,600 | -5.9M | 18.4M | 3.7M | -- |
| Asset Disposal Income | 148,600 | 63,300 | 6.5M | 3.1M | -8,400 |
| Asset Impairment Loss | 85.1M | 294.0M | 123.0M | 126.0M | 44.2M |
| Other Income | 11.4M | 40.5M | 32.3M | 10.5M | 9.9M |
| Income Before Tax | 122.0M | -355.0M | 294.0M | 265.0M | 201.0M |
| Income Tax | 33.4M | -25.3M | 79.6M | 53.4M | 40.9M |
| Net Income | 88.7M | -330.0M | 214.0M | 212.0M | 161.0M |
| Net Margin % | 1.5% | -2.6% | 1.0% | 0.9% | 1.0% |
| Net Income Attributable | 128.0M | -299.0M | 203.0M | 232.0M | 139.0M |
| Minority Interest | -38.9M | -31.4M | 10.5M | -20.5M | 21.5M |
| Eps Basic | 0.38 | -0.89 | 0.60 | 0.70 | 0.46 |
| Eps Diluted | 0.38 | -0.89 | 0.60 | 0.70 | 0.46 |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash And Equivalents | 998.0M | 718.0M | 823.0M | 1.0B | 1.6B |
| Trading Financial Assets | -- | -- | -- | -- | -- |
| Accounts Receivable | 101.0M | 108.0M | 118.0M | 101.0M | 112.0M |
| Notes Receivable | 3.7M | 200,000 | 3.5M | 101.0M | 60.0M |
| Notes And Accounts Receivable | 105.0M | 109.0M | 122.0M | 202.0M | 172.0M |
| Prepayments | 15.5M | 15.4M | 36.3M | 35.7M | 131.0M |
| Inventory | 1.5B | 1.7B | 2.8B | 2.6B | 1.9B |
| Total Current Assets | 2.9B | 3.5B | 4.3B | 4.1B | 4.0B |
| Long Term Equity Investment | 1.2B | 999.0M | 885.0M | 827.0M | 682.0M |
| Fixed Assets | 1.1B | 1.1B | 939.0M | 405.0M | 298.0M |
| Fixed Assets Total | 1.1B | 1.1B | 939.0M | 405.0M | 298.0M |
| Construction In Progress | 328.0M | 288.0M | 392.0M | 778.0M | 226.0M |
| Construction In Progress Total | 328.0M | 288.0M | 392.0M | 778.0M | 226.0M |
| Intangible Assets | 829.0M | 885.0M | 917.0M | 1.0B | 414.0M |
| Long Term Deferred Expenses | 106.0M | 113.0M | 71.1M | 45.7M | 30.7M |
| Total Non Current Assets | 4.0B | 3.9B | 3.4B | 3.3B | 1.8B |
| Total Assets | 6.9B | 7.4B | 7.7B | 7.3B | 5.8B |
| Short Term Borrowings | 703.0M | 601.0M | 1.4B | 918.0M | 809.0M |
| Accounts Payable | 197.0M | 315.0M | 279.0M | 189.0M | 93.0M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 24.6M | 27.3M | 32.0M | 301.0M | 319.0M |
| Total Current Liabilities | 2.2B | 2.6B | 2.7B | 3.0B | 2.3B |
| Long Term Borrowings | 191.0M | 347.0M | 380.0M | -- | 1.4B |
| Total Non Current Liabilities | 917.0M | 1.1B | 1.1B | 783.0M | 1.5B |
| Total Liabilities | 3.1B | 3.8B | 3.7B | 3.8B | 3.8B |
| Paid In Capital | 336.0M | 336.0M | 336.0M | 336.0M | 302.0M |
| Capital Reserve | 2.6B | 3.4B | 3.4B | 3.4B | 2.0B |
| Surplus Reserve | 8.5M | 21.5M | 21.5M | 21.5M | 21.5M |
| Retained Earnings | 558.0M | -407.0M | -109.0M | -312.0M | -543.0M |
| Minority Equity | 238.0M | 277.0M | 308.0M | 125.0M | 146.0M |
| Equity Attributable | 3.5B | 3.4B | 3.7B | 3.4B | 1.8B |
| Total Equity | 3.7B | 3.6B | 4.0B | 3.6B | 2.0B |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash From Sales | 10.4B | 15.0B | 22.4B | 25.2B | 17.9B |
| Tax Refunds Received | 16.4M | 94.6M | 28.9M | 19.1M | 33.7M |
| Total Operating Cash Inflow | 10.4B | 15.2B | 22.5B | 25.4B | 18.0B |
| Cash Paid For Goods | 9.0B | 14.6B | 22.4B | 25.2B | 17.0B |
| Cash Paid To Employees | 275.0M | 254.0M | 277.0M | 238.0M | 204.0M |
| Taxes Paid | 153.0M | 175.0M | 252.0M | 226.0M | 126.0M |
| Total Operating Cash Outflow | 9.5B | 15.2B | 23.0B | 25.8B | 17.4B |
| Operating Cash Flow | 927.0M | -5.0M | -477.0M | -378.0M | 534.0M |
| Total Investing Cash Inflow | 87.7M | 126.0M | 29.1M | 13.4M | 67.8M |
| Total Investing Cash Outflow | 149.0M | 205.0M | 265.0M | 839.0M | 241.0M |
| Investing Cash Flow | -61.2M | -78.5M | -236.0M | -826.0M | -173.0M |
| Cash From Borrowings | 2.1B | 3.0B | 2.9B | 1.8B | 2.2B |
| Dividends And Interest Paid | 61.9M | 70.0M | 111.0M | 86.6M | 91.3M |
| Debt Repayments | 2.6B | 2.9B | 2.4B | 2.5B | 2.0B |
| Total Financing Cash Inflow | 2.2B | 3.1B | 3.2B | 3.5B | 2.4B |
| Total Financing Cash Outflow | 2.7B | 3.1B | 2.6B | 2.7B | 2.4B |
| Financing Cash Flow | -528.0M | -21.8M | 544.0M | 779.0M | -32.1M |
| Net Change In Cash | 338.0M | -105.0M | -166.0M | -424.0M | 330.0M |
| Ending Cash Balance | 958.0M | 620.0M | 725.0M | 891.0M | 1.3B |
| Capex | 149.0M | 191.0M | 265.0M | 839.0M | 208.0M |