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 | 440.0M | 480.0M | 458.0M | 589.0M | 466.0M |
| Revenue Growth % | -8.3% | 4.8% | -22.2% | 26.4% | -- |
| Total Revenue | 440.0M | 480.0M | 458.0M | 589.0M | 466.0M |
| Cost Of Revenue | 296.0M | 395.0M | 365.0M | 422.0M | 319.0M |
| Gross Profit | 144.0M | 85.0M | 93.0M | 167.0M | 147.0M |
| Gross Margin % | 32.7% | 17.7% | 20.3% | 28.4% | 31.5% |
| Total Operating Cost | 469.0M | 523.0M | 568.0M | 559.0M | 428.0M |
| Selling Expenses | 102.0M | 77.4M | 102.0M | 87.0M | 70.1M |
| Admin Expenses | 51.1M | 46.7M | 54.7M | 41.6M | 32.9M |
| Rd Expenses | -- | -- | 1.2M | 171,600 | -- |
| Finance Expenses | 2.0M | 3.4M | 2.0M | 4.4M | -3.3M |
| Operating Income | -26.3M | -39.1M | -102.0M | 39.0M | 41.4M |
| Operating Margin % | -6.0% | -8.1% | -22.3% | 6.6% | 8.9% |
| Non Operating Income | 57,300 | 2.1M | 121,000 | 8.0M | 7.5M |
| Non Operating Expenses | 230,500 | 1.2M | 272,400 | 51,400 | 465,400 |
| Investment Income | 2.0M | 2.4M | 4.7M | 5.5M | 3.3M |
| Fair Value Change Income | 400.00 | 166,500 | 148,100 | 1.1M | -- |
| Asset Disposal Income | 15,100 | -- | -410,400 | -79,800 | -- |
| Asset Impairment Loss | 15.6M | 2.2M | 34.7M | -112,000 | 5.7M |
| Other Income | 375,600 | 901,800 | 3.8M | 2.8M | 802,300 |
| Income Before Tax | -26.5M | -38.2M | -102.0M | 46.9M | 48.5M |
| Income Tax | -5.3M | 1.6M | -4.0M | 3.3M | 12.9M |
| Net Income | -21.2M | -39.7M | -97.8M | 43.6M | 35.6M |
| Net Margin % | -4.8% | -8.3% | -21.4% | 7.4% | 7.6% |
| Net Income Attributable | -21.8M | -29.6M | -77.6M | 17.5M | 14.5M |
| Minority Interest | 641,300 | -10.1M | -20.2M | 26.1M | 21.2M |
| Eps Basic | -0.09 | -0.13 | -0.34 | 0.08 | 0.06 |
| Eps Diluted | -0.09 | -0.13 | -0.34 | 0.08 | 0.06 |
| 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 | 133.0M | 100.0M | 95.2M | 176.0M | 231.0M |
| Trading Financial Assets | 600,400 | 69.1M | 100.0M | 141.0M | 60.0M |
| Accounts Receivable | 32.7M | 39.4M | 36.9M | 67.2M | 52.0M |
| Notes Receivable | -- | -- | -- | -- | -- |
| Notes And Accounts Receivable | 32.7M | 39.4M | 36.9M | 67.2M | 52.0M |
| Prepayments | 38.2M | 12.8M | 46.9M | 39.8M | 38.2M |
| Inventory | 182.0M | 153.0M | 159.0M | 112.0M | 132.0M |
| Total Current Assets | 399.0M | 386.0M | 466.0M | 543.0M | 523.0M |
| Long Term Equity Investment | -- | 3.0M | 2.7M | 4.5M | -- |
| Fixed Assets | 12.0M | 13.4M | 15.7M | 17.3M | 17.1M |
| Fixed Assets Total | 12.0M | 13.4M | 15.7M | 17.3M | 17.1M |
| Construction In Progress | -- | -- | -- | -- | -- |
| Construction In Progress Total | -- | -- | -- | -- | -- |
| Intangible Assets | 1.8M | 1.8M | 2.2M | 1.2M | 147,800 |
| Long Term Deferred Expenses | 1.2M | 1.5M | 1.9M | 2.1M | 3.0M |
| Total Non Current Assets | 73.5M | 91.7M | 89.7M | 161.0M | 150.0M |
| Total Assets | 473.0M | 477.0M | 556.0M | 704.0M | 673.0M |
| Short Term Borrowings | 59.1M | 36.4M | 35.1M | 44.3M | 44.5M |
| Accounts Payable | 26.1M | 19.3M | 23.2M | 14.4M | 15.8M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 3.9M | 5.1M | 25.9M | 2.4M | 12.0M |
| Total Current Liabilities | 111.0M | 85.3M | 118.0M | 103.0M | 119.0M |
| Long Term Borrowings | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 5.0M | 13.3M | 10.1M | 12.4M | 19.6M |
| Total Liabilities | 116.0M | 98.6M | 128.0M | 116.0M | 138.0M |
| Paid In Capital | 230.0M | 230.0M | 230.0M | 230.0M | 230.0M |
| Capital Reserve | 523.0M | 523.0M | 523.0M | 545.0M | 547.0M |
| Surplus Reserve | 37.4M | 37.4M | 37.4M | 37.4M | 37.4M |
| Retained Earnings | -491.0M | -469.0M | -439.0M | -361.0M | -379.0M |
| Minority Equity | 56.7M | 57.1M | 76.6M | 138.0M | 99.8M |
| Equity Attributable | 300.0M | 322.0M | 352.0M | 450.0M | 435.0M |
| Total Equity | 357.0M | 379.0M | 428.0M | 589.0M | 535.0M |
| 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 | 482.0M | 519.0M | 548.0M | 659.0M | 470.0M |
| Tax Refunds Received | 493,600 | 682,800 | 981,000 | 2.1M | 559,200 |
| Total Operating Cash Inflow | 492.0M | 573.0M | 567.0M | 678.0M | 484.0M |
| Cash Paid For Goods | 367.0M | 394.0M | 448.0M | 439.0M | 340.0M |
| Cash Paid To Employees | 57.4M | 61.1M | 61.5M | 62.7M | 60.6M |
| Taxes Paid | 7.2M | 15.3M | 42.6M | 31.9M | 26.7M |
| Total Operating Cash Outflow | 538.0M | 577.0M | 668.0M | 633.0M | 498.0M |
| Operating Cash Flow | -46.1M | -3.4M | -101.0M | 45.5M | -13.9M |
| Total Investing Cash Inflow | 352.0M | 436.0M | 568.0M | 662.0M | 347.0M |
| Total Investing Cash Outflow | 297.0M | 398.0M | 516.0M | 762.0M | 432.0M |
| Investing Cash Flow | 55.1M | 38.3M | 51.2M | -100.0M | -84.9M |
| Cash From Borrowings | 69.9M | 39.6M | 70.0M | 87.6M | 64.8M |
| Dividends And Interest Paid | 3.0M | 12.3M | 1.6M | 1.6M | 19.0M |
| Debt Repayments | 47.2M | 60.4M | 68.8M | 92.1M | 28.0M |
| Total Financing Cash Inflow | 70.4M | 40.4M | 73.1M | 97.6M | 64.8M |
| Total Financing Cash Outflow | 54.1M | 77.5M | 103.0M | 99.6M | 52.6M |
| Financing Cash Flow | 16.4M | -37.1M | -29.5M | -2.0M | 12.2M |
| Net Change In Cash | 25.3M | -2.0M | -79.2M | -55.9M | -86.9M |
| Ending Cash Balance | 118.0M | 92.9M | 94.9M | 174.0M | 230.0M |
| Capex | 615,100 | 287,400 | 895,800 | 4.8M | 7.0M |