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 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 | FY 2011Dec 31, 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.8B | 4.6B | 4.3B | 3.4B | 1.7B | 1.8B | 1.9B | 1.8B | 1.7B | 1.5B | 1.5B | 1.4B | 1.3B | 1.1B | 1.0B |
| Revenue Growth % | 3.0% | 7.4% | 27.6% | 101.7% | -5.0% | -7.0% | 5.3% | 5.7% | 10.6% | 5.8% | 5.7% | 6.8% | 13.1% | 8.8% | -- |
| Total Revenue | 4.8B | 4.6B | 4.3B | 3.4B | 1.7B | 1.8B | 1.9B | 1.8B | 1.7B | 1.5B | 1.5B | 1.4B | 1.3B | 1.1B | 1.0B |
| Cost Of Revenue | 2.4B | 2.4B | 2.3B | 1.8B | 1.3B | 1.4B | 1.5B | 1.4B | 1.4B | 1.2B | 1.2B | 1.1B | 1.0B | 906.0M | 834.0M |
| Gross Profit | 2.4B | 2.3B | 2.0B | 1.6B | 379.0M | 360.0M | 378.0M | 355.0M | 345.0M | 318.0M | 304.0M | 273.0M | 246.0M | 235.0M | 215.0M |
| Gross Margin % | 49.4% | 48.8% | 47.4% | 46.6% | 22.6% | 20.4% | 19.9% | 19.7% | 20.2% | 20.6% | 20.9% | 19.8% | 19.1% | 20.6% | 20.5% |
| Total Operating Cost | 3.8B | 3.7B | 3.5B | 2.8B | 1.7B | 1.8B | 1.9B | 1.8B | 1.7B | 1.5B | 1.4B | 1.4B | 1.2B | 1.1B | 1.0B |
| Selling Expenses | 889.0M | 860.0M | 759.0M | 631.0M | 301.0M | 264.0M | 257.0M | 256.0M | 216.0M | 183.0M | 165.0M | 161.0M | 131.0M | 118.0M | 103.0M |
| Admin Expenses | 244.0M | 238.0M | 219.0M | 200.0M | 75.7M | 53.7M | 51.9M | 53.0M | 44.2M | 40.3M | 37.1M | 37.6M | 30.4M | 32.5M | 27.2M |
| Rd Expenses | 122.0M | 136.0M | 123.0M | 106.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Finance Expenses | 32.1M | 22.2M | 72.6M | 71.8M | 25.1M | 21.6M | 29.4M | 21.6M | 19.2M | 25.9M | 35.2M | 33.4M | 28.2M | 20.3M | 25.6M |
| Operating Income | 1.0B | 963.0M | 844.0M | 581.0M | -52.6M | 1.5M | 23.0M | 9.1M | 51.8M | 51.6M | 54.0M | 28.0M | 42.4M | 54.3M | 53.9M |
| Operating Margin % | 21.9% | 20.8% | 19.5% | 17.2% | -3.1% | 0.1% | 1.2% | 0.5% | 3.0% | 3.4% | 3.7% | 2.0% | 3.3% | 4.8% | 5.1% |
| Non Operating Income | 2.6M | 1.7M | 1.8M | 172,500 | 35,900 | 666,800 | 1.2M | 732,700 | -- | 9.4M | 6.6M | 20.0M | 28.6M | 11.7M | 7.0M |
| Non Operating Expenses | 1.5M | 2.5M | 1.6M | 856,900 | 342,900 | 162,800 | 682,600 | 28,900 | 147,000 | -- | 25,000 | 235,000 | 55,000 | 3.2M | 403,800 |
| Investment Income | 4.5M | 5.7M | -16.7M | 13.1M | -5.1M | -1.5M | -2.1M | -- | 635,600 | 1.0M | 1.2M | 1.5M | 1.4M | 1.6M | 4.3M |
| Fair Value Change Income | 5.1M | -290,900 | 476,500 | -434,400 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 58,300 | -- | 91,700 | -50,000 | 1.3M | 2,400 | 1.0M | -226,900 | -429,000 | -- | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 9.3M | 19.5M | 11.9M | 8.6M | 7.4M | 5.1M | 795,700 | 1.9M | 1.6M | 1.9M | 1.5M | 1.2M | 712,100 | -349,000 | -276,200 |
| Other Income | 17.6M | 16.7M | 23.7M | 13.7M | 5.0M | 7.5M | 6.7M | 6.4M | 7.5M | -- | -- | -- | -- | -- | -- |
| Income Before Tax | 1.0B | 962.0M | 844.0M | 581.0M | -52.9M | 2.0M | 23.5M | 9.8M | 51.7M | 61.0M | 60.5M | 47.8M | 70.9M | 62.8M | 60.6M |
| Income Tax | 162.0M | 155.0M | 134.0M | 68.6M | -1.4M | 8.6M | 8.2M | 3.9M | 13.0M | 15.5M | 14.8M | 11.7M | 17.6M | 15.6M | 14.2M |
| Net Income | 885.0M | 807.0M | 710.0M | 512.0M | -51.6M | -6.6M | 15.3M | 5.9M | 38.7M | 45.5M | 45.7M | 36.1M | 53.3M | 47.2M | 46.4M |
| Net Margin % | 18.5% | 17.4% | 16.4% | 15.1% | -3.1% | -0.4% | 0.8% | 0.3% | 2.3% | 3.0% | 3.1% | 2.6% | 4.1% | 4.1% | 4.4% |
| Net Income Attributable | 226.0M | 168.0M | 116.0M | 81.6M | -51.3M | -6.6M | 15.3M | 5.9M | 38.7M | 45.5M | 45.7M | 36.1M | 53.3M | 47.2M | 43.5M |
| Minority Interest | 659.0M | 639.0M | 594.0M | 430.0M | -284,800 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 2.9M |
| Eps Basic | 1.00 | 0.80 | 1.01 | 0.73 | -0.46 | -0.06 | 0.14 | 0.05 | 0.48 | 0.68 | 0.76 | 0.60 | 0.89 | 0.79 | -- |
| Eps Diluted | 1.00 | 0.80 | 1.01 | 0.73 | -0.46 | -0.06 | 0.14 | 0.05 | 0.48 | 0.68 | 0.76 | 0.60 | 0.89 | 0.79 | -- |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 | FY 2011Dec 31, 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 1.8B | 1.2B | 569.0M | 412.0M | 1.1B | 119.0M | 165.0M | 85.5M | 170.0M | 121.0M | 67.1M | 90.5M | 80.0M | 57.5M | 56.0M |
| Trading Financial Assets | 78.6M | 101.0M | 17.4M | 3.1M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 404.0M | 374.0M | 247.0M | 191.0M | 13.2M | 8.7M | 7.5M | 8.0M | 6.3M | 3.4M | 3.5M | 5.7M | 4.9M | 1.2M | 1.9M |
| Notes Receivable | 3.9M | 511,600 | 504,500 | 2.7M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Notes And Accounts Receivable | 408.0M | 374.0M | 248.0M | 194.0M | 13.2M | 8.7M | 7.5M | 8.0M | 6.3M | 3.4M | 3.5M | 5.7M | 4.9M | 1.2M | 1.9M |
| Prepayments | 26.4M | 21.6M | 25.9M | 30.6M | 34.3M | 44.1M | 79.1M | 77.9M | 83.6M | 89.1M | 79.3M | 67.5M | 65.3M | 52.3M | 39.5M |
| Inventory | 465.0M | 396.0M | 389.0M | 434.0M | 339.0M | 335.0M | 371.0M | 345.0M | 361.0M | 344.0M | 308.0M | 317.0M | 320.0M | 286.0M | 188.0M |
| Total Current Assets | 3.0B | 3.0B | 1.3B | 1.2B | 1.5B | 520.0M | 636.0M | 539.0M | 632.0M | 569.0M | 469.0M | 494.0M | 486.0M | 418.0M | 300.0M |
| Long Term Equity Investment | 7.1M | 13.4M | 8.2M | 4.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- | 10.0M | 10.5M |
| Fixed Assets | 632.0M | 614.0M | 628.0M | 652.0M | 727.0M | 752.0M | 791.0M | 811.0M | 579.0M | 650.0M | 532.0M | 474.0M | 404.0M | 283.0M | 262.0M |
| Fixed Assets Total | 632.0M | 614.0M | 628.0M | 652.0M | 727.0M | 752.0M | 791.0M | 811.0M | 579.0M | 650.0M | 532.0M | 474.0M | 404.0M | 283.0M | 262.0M |
| Construction In Progress | 24.8M | 42.2M | 6.2M | 6.2M | 26.6M | 8.3M | 7.9M | 7.9M | 9.4M | 31.0M | 32.5M | 31.9M | 103.0M | 19.6M | 13.2M |
| Construction In Progress Total | 24.8M | 42.2M | 6.2M | 6.2M | 26.6M | 8.3M | 7.9M | 7.9M | 9.4M | 31.0M | 32.5M | 31.9M | 103.0M | 19.6M | 13.2M |
| Intangible Assets | 275.0M | 317.0M | 359.0M | 401.0M | 105.0M | 109.0M | 104.0M | 105.0M | 109.0M | 125.0M | 108.0M | 109.0M | 121.0M | 83.9M | 56.2M |
| Long Term Deferred Expenses | 15.4M | 14.0M | 10.9M | 9.1M | 30.9M | 25.4M | 23.2M | 9.8M | 21.6M | 4.0M | 4.9M | 5.9M | 5.1M | 1.3M | 2.8M |
| Total Non Current Assets | 4.2B | 4.1B | 5.4B | 4.9B | 1.6B | 1.2B | 1.2B | 1.2B | 952.0M | 943.0M | 801.0M | 738.0M | 679.0M | 445.0M | 393.0M |
| Total Assets | 7.3B | 7.2B | 6.7B | 6.0B | 3.1B | 1.7B | 1.8B | 1.7B | 1.6B | 1.5B | 1.3B | 1.2B | 1.2B | 863.0M | 693.0M |
| Short Term Borrowings | 1.5B | 1.1B | 832.0M | 277.0M | 506.0M | 449.0M | 526.0M | 448.0M | 360.0M | 328.0M | 480.0M | 416.0M | 394.0M | 279.0M | 172.0M |
| Accounts Payable | 384.0M | 342.0M | 327.0M | 336.0M | 309.0M | 315.0M | 378.0M | 413.0M | 308.0M | 332.0M | 253.0M | 201.0M | 242.0M | 155.0M | 71.7M |
| Advance Receipts | -- | -- | -- | -- | 3.4M | 4.2M | 131.0M | 98.2M | 60.9M | 49.6M | 30.7M | 37.6M | 55.4M | 53.1M | 64.6M |
| Contract Liabilities | 190.0M | 281.0M | 253.0M | 304.0M | 166.0M | 132.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 2.9B | 2.5B | 1.9B | 1.8B | 1.2B | 1.1B | 1.2B | 1.1B | 968.0M | 921.0M | 932.0M | 900.0M | 844.0M | 574.0M | 432.0M |
| Long Term Borrowings | 853.0M | 799.0M | 697.0M | 1.3B | 650.0M | -- | -- | -- | -- | -- | -- | 40.0M | 65.0M | 83.5M | 95.5M |
| Total Non Current Liabilities | 928.0M | 874.0M | 777.0M | 1.4B | 738.0M | 8.1M | 9.1M | 8.7M | 7.4M | 7.1M | 4.0M | 44.4M | 69.9M | 89.7M | 109.0M |
| Total Liabilities | 3.9B | 3.4B | 2.7B | 3.2B | 1.9B | 1.1B | 1.2B | 1.1B | 975.0M | 928.0M | 936.0M | 945.0M | 913.0M | 664.0M | 541.0M |
| Paid In Capital | 258.0M | 211.0M | 146.0M | 112.0M | 112.0M | 112.0M | 112.0M | 112.0M | 80.0M | 80.0M | 60.0M | 60.0M | 60.0M | 60.0M | 50.0M |
| Capital Reserve | 2.3B | 1.3B | 1.4B | 206.0M | 213.0M | 213.0M | 213.0M | 213.0M | 245.0M | 245.0M | 59.6M | 59.6M | 59.6M | 59.6M | 61.5M |
| Surplus Reserve | 98.2M | 31.1M | 31.1M | 31.1M | 31.1M | 8.1M | 8.1M | 8.1M | 8.1M | 5.9M | 4.4M | 3.3M | 2.0M | 865,800 | 2.8M |
| Retained Earnings | 307.0M | 504.0M | 402.0M | 286.0M | 206.0M | 279.0M | 285.0M | 271.0M | 277.0M | 254.0M | 210.0M | 165.0M | 130.0M | 78.3M | 37.2M |
| Minority Equity | 648.0M | 2.0B | 2.1B | 2.3B | 650.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 2.7B | 1.8B | 1.9B | 567.0M | 562.0M | 613.0M | 620.0M | 603.0M | 610.0M | 585.0M | 334.0M | 288.0M | 252.0M | 199.0M | 152.0M |
| Total Equity | 3.4B | 3.8B | 4.0B | 2.8B | 1.2B | 613.0M | 620.0M | 603.0M | 610.0M | 585.0M | 334.0M | 288.0M | 252.0M | 199.0M | 152.0M |
| Line Item | FY 2025Dec 31, 2025 | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 | FY 2019Dec 31, 2019 | FY 2018Dec 31, 2018 | FY 2017Dec 31, 2017 | FY 2016Dec 31, 2016 | FY 2015Dec 31, 2015 | FY 2014Dec 31, 2014 | FY 2013Dec 31, 2013 | FY 2012Dec 31, 2012 | FY 2011Dec 31, 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 4.9B | 4.9B | 4.5B | 4.1B | 2.1B | 2.1B | 2.2B | 2.2B | 2.0B | 1.7B | 1.6B | 1.6B | 1.5B | 1.3B | 1.2B |
| Tax Refunds Received | 10.4M | 16.7M | 20.2M | 21.9M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 5.0B | 4.9B | 4.6B | 4.4B | 2.1B | 2.1B | 2.2B | 2.2B | 2.0B | 1.8B | 1.7B | 1.6B | 1.5B | 1.4B | 1.3B |
| Cash Paid For Goods | 2.4B | 2.4B | 2.3B | 1.9B | 1.8B | 1.7B | 1.8B | 1.7B | 1.5B | 1.4B | 1.3B | 1.3B | 1.1B | 1.1B | 1.1B |
| Cash Paid To Employees | 481.0M | 495.0M | 452.0M | 375.0M | 205.0M | 181.0M | 170.0M | 174.0M | 146.0M | 116.0M | 113.0M | 114.0M | 96.1M | 91.4M | 66.2M |
| Taxes Paid | 345.0M | 364.0M | 312.0M | 415.0M | 51.1M | 67.3M | 55.2M | 66.4M | 76.5M | 74.2M | 66.8M | 60.0M | 70.8M | 68.0M | 44.3M |
| Total Operating Cash Outflow | 4.0B | 4.0B | 3.7B | 3.4B | 2.1B | 2.0B | 2.2B | 2.0B | 1.9B | 1.7B | 1.6B | 1.6B | 1.4B | 1.4B | 1.3B |
| Operating Cash Flow | 1.1B | 935.0M | 865.0M | 1.0B | 47.0M | 77.7M | 77.9M | 138.0M | 142.0M | 132.0M | 118.0M | 46.2M | 155.0M | -8.4M | 26.4M |
| Total Investing Cash Inflow | 1.2B | 702.0M | 69.3M | 804.0M | 2.1M | 13.1M | 13.0M | 33.0M | 115.0M | 1.1M | 1.2M | 4.0M | 24.4M | 5.2M | 38.6M |
| Total Investing Cash Outflow | 843.0M | 832.0M | 767.0M | 3.0B | 409.0M | 44.3M | 60.3M | 321.0M | 291.0M | 92.2M | 61.5M | 107.0M | 224.0M | 66.5M | 82.3M |
| Investing Cash Flow | 384.0M | -129.0M | -698.0M | -2.2B | -407.0M | -31.2M | -47.3M | -288.0M | -176.0M | -91.1M | -60.3M | -103.0M | -200.0M | -61.3M | -43.7M |
| Cash From Borrowings | 2.4B | 2.3B | 1.1B | 955.0M | 1.3B | 449.0M | 546.0M | 488.0M | 360.0M | 398.0M | 495.0M | 450.0M | 470.0M | 289.0M | 242.0M |
| Dividends And Interest Paid | 644.0M | 636.0M | 481.0M | 414.0M | 22.5M | 17.1M | 23.7M | 28.3M | 28.7M | 22.5M | 31.4M | 31.3M | 28.7M | 22.7M | 33.8M |
| Debt Repayments | 2.1B | 1.8B | 1.2B | 510.0M | 522.0M | 527.0M | 471.0M | 400.0M | 328.0M | 590.0M | 465.0M | 428.0M | 371.0M | 188.0M | 159.0M |
| Total Financing Cash Inflow | 2.8B | 2.3B | 2.4B | 1.8B | 2.0B | 581.0M | 624.0M | 612.0M | 380.0M | 634.0M | 530.0M | 668.0M | 549.0M | 343.0M | 450.0M |
| Total Financing Cash Outflow | 3.7B | 2.5B | 2.4B | 1.3B | 634.0M | 643.0M | 638.0M | 512.0M | 378.0M | 620.0M | 611.0M | 601.0M | 481.0M | 272.0M | 437.0M |
| Financing Cash Flow | -864.0M | -215.0M | -14.6M | 484.0M | 1.4B | -62.2M | -13.6M | 99.8M | 2.0M | 13.9M | -81.4M | 67.5M | 67.6M | 71.4M | 13.7M |
| Net Change In Cash | 557.0M | 594.0M | 151.0M | -681.0M | 1.0B | -15.8M | 17.0M | -50.4M | -32.4M | 54.3M | -23.4M | 10.5M | 22.5M | 1.6M | -3.7M |
| Ending Cash Balance | 1.7B | 1.1B | 552.0M | 401.0M | 1.1B | 39.8M | 55.6M | 38.6M | 89.0M | 121.0M | 67.1M | 90.5M | 80.0M | 57.5M | 56.0M |
| Capex | 134.0M | 103.0M | 61.2M | 92.5M | 46.9M | 44.3M | 50.3M | 279.0M | 95.9M | 71.5M | 61.5M | 107.0M | 224.0M | 66.5M | 79.3M |