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 | 18.2B | 21.6B | 26.5B | 31.5B | 21.7B |
| Revenue Growth % | -15.4% | -18.7% | -15.8% | 45.1% | -- |
| Total Revenue | 18.2B | 21.6B | 26.5B | 31.5B | 21.7B |
| Cost Of Revenue | 16.5B | 20.5B | 24.8B | 29.3B | 17.3B |
| Gross Profit | 1.8B | 1.0B | 1.7B | 2.2B | 4.3B |
| Gross Margin % | 9.6% | 4.8% | 6.3% | 6.8% | 20.0% |
| Total Operating Cost | 17.2B | 21.2B | 25.7B | 30.5B | 18.2B |
| Selling Expenses | 37.0M | 30.0M | 27.2M | 37.4M | 50.0M |
| Admin Expenses | 496.0M | 471.0M | 617.0M | 1.0B | 668.0M |
| Rd Expenses | 82.6M | 104.0M | 87.1M | 79.0M | 92.5M |
| Finance Expenses | -6.2M | -37.1M | -30.3M | -93.3M | -172.0M |
| Operating Income | 1.2B | 403.0M | 987.0M | 1.3B | 3.7B |
| Operating Margin % | 6.8% | 1.9% | 3.7% | 4.2% | 16.9% |
| Non Operating Income | 38.1M | 87.8M | 33.4M | 23.2M | 22.5M |
| Non Operating Expenses | 49.8M | 21.8M | 54.1M | 57.9M | 57.8M |
| Investment Income | 76.0M | 31.1M | 78.3M | 69.0M | 228,300 |
| Fair Value Change Income | 81.9M | -117.0M | -67.2M | -40.4M | 3.1M |
| Asset Disposal Income | 1.2M | 32.4M | 2.8M | 161.0M | 1.3M |
| Asset Impairment Loss | 985,200 | 1.1M | 4.4M | 8.5M | 4.6M |
| Other Income | 69.8M | 110.0M | 121.0M | 146.0M | 168.0M |
| Income Before Tax | 1.2B | 469.0M | 966.0M | 1.3B | 3.6B |
| Income Tax | 275.0M | 217.0M | 283.0M | 252.0M | 879.0M |
| Net Income | 948.0M | 252.0M | 683.0M | 1.0B | 2.8B |
| Net Margin % | 5.2% | 1.2% | 2.6% | 3.3% | 12.7% |
| Net Income Attributable | 942.0M | 248.0M | 689.0M | 1.1B | 2.7B |
| Minority Interest | 5.5M | 4.3M | -5.9M | -29.8M | 27.5M |
| Eps Basic | 0.41 | 0.11 | 0.30 | 0.49 | 1.27 |
| Eps Diluted | 0.41 | 0.11 | 0.29 | 0.47 | 1.27 |
| 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 | 5.6B | 5.9B | 6.0B | 6.2B | 10.2B |
| Trading Financial Assets | 547.0M | 326.0M | 315.0M | 691.0M | 194.0M |
| Accounts Receivable | 996.0M | 1.1B | 1.1B | 1.2B | 281.0M |
| Notes Receivable | 556.0M | 417.0M | 688.0M | 469.0M | 802.0M |
| Notes And Accounts Receivable | 1.6B | 1.5B | 1.8B | 1.7B | 1.1B |
| Prepayments | 555.0M | 371.0M | 176.0M | 317.0M | 191.0M |
| Inventory | 1.3B | 1.4B | 1.8B | 1.8B | 1.5B |
| Total Current Assets | 10.4B | 10.4B | 10.8B | 11.1B | 15.9B |
| Long Term Equity Investment | 4.2B | 4.2B | 4.2B | 4.1B | 40.4M |
| Fixed Assets | 3.2B | 3.0B | 3.1B | 2.8B | 2.8B |
| Fixed Assets Total | 3.2B | 3.0B | 3.1B | 2.8B | 2.8B |
| Construction In Progress | 48.7M | 75.3M | 71.0M | 83.2M | 75.8M |
| Construction In Progress Total | 48.7M | 75.3M | 72.5M | 83.2M | 75.8M |
| Intangible Assets | 809.0M | 845.0M | 883.0M | 916.0M | 961.0M |
| Long Term Deferred Expenses | 65.5M | 66.4M | 20.6M | 39.4M | 39.9M |
| Total Non Current Assets | 9.1B | 8.9B | 9.0B | 8.3B | 4.2B |
| Total Assets | 19.5B | 19.2B | 19.8B | 19.4B | 20.1B |
| Short Term Borrowings | 114.0M | 252.0M | 522.0M | 623.0M | 2.8B |
| Accounts Payable | 1.5B | 1.6B | 2.1B | 2.2B | 2.0B |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 388.0M | 410.0M | 287.0M | 357.0M | 301.0M |
| Total Current Liabilities | 8.3B | 8.9B | 9.5B | 9.6B | 10.2B |
| Long Term Borrowings | -- | 20.0M | 20.0M | 592.0M | -- |
| Total Non Current Liabilities | 719.0M | 746.0M | 754.0M | 717.0M | 91.1M |
| Total Liabilities | 9.0B | 9.7B | 10.3B | 10.3B | 10.3B |
| Paid In Capital | 2.3B | 2.3B | 2.3B | 2.3B | 2.2B |
| Capital Reserve | 2.0B | 2.0B | 2.0B | 2.6B | 1.2B |
| Surplus Reserve | 1.2B | 1.2B | 1.2B | 1.2B | 1.1B |
| Retained Earnings | 4.7B | 3.9B | 3.9B | 3.2B | 4.9B |
| Minority Equity | 308.0M | 292.0M | 287.0M | 293.0M | 338.0M |
| Equity Attributable | 10.2B | 9.3B | 9.2B | 8.8B | 9.5B |
| Total Equity | 10.5B | 9.6B | 9.5B | 9.1B | 9.8B |
| 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 | 13.6B | 16.9B | 22.2B | 28.3B | 16.6B |
| Tax Refunds Received | 23.6M | 46.8M | 55.9M | 81.7M | 22.4M |
| Total Operating Cash Inflow | 15.3B | 18.9B | 23.1B | 30.1B | 17.7B |
| Cash Paid For Goods | 11.1B | 14.8B | 19.6B | 21.9B | 11.3B |
| Cash Paid To Employees | 1.2B | 1.0B | 1.0B | 1.3B | 1.5B |
| Taxes Paid | 769.0M | 670.0M | 577.0M | 1.2B | 1.8B |
| Total Operating Cash Outflow | 14.9B | 18.0B | 22.5B | 26.4B | 15.5B |
| Operating Cash Flow | 464.0M | 876.0M | 594.0M | 3.7B | 2.2B |
| Total Investing Cash Inflow | 1.6B | 403.0M | 371.0M | 835.0M | 5.0M |
| Total Investing Cash Outflow | 1.7B | 554.0M | 884.0M | 5.0B | 496.0M |
| Investing Cash Flow | -130.0M | -151.0M | -513.0M | -4.2B | -491.0M |
| Cash From Borrowings | 120.0M | 230.0M | 814.0M | 2.5B | 3.9B |
| Dividends And Interest Paid | 73.3M | 240.0M | 220.0M | 2.7B | 2.4B |
| Debt Repayments | 170.0M | 445.0M | 2.2B | 3.6B | 1.1B |
| Total Financing Cash Inflow | 132.0M | 230.0M | 814.0M | 3.2B | 3.9B |
| Total Financing Cash Outflow | 264.0M | 962.0M | 2.4B | 6.3B | 3.7B |
| Financing Cash Flow | -132.0M | -732.0M | -1.6B | -3.1B | 193.0M |
| Net Change In Cash | 199.0M | -6.0M | -1.5B | -3.5B | 1.9B |
| Ending Cash Balance | 3.0B | 2.8B | 2.8B | 4.4B | 7.9B |
| Capex | 35.5M | 51.3M | 88.7M | 92.9M | 106.0M |