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 | 2.3B | 2.0B | 2.3B | 1.4B | 2.3B |
| Revenue Growth % | 16.6% | -16.1% | 64.6% | -37.5% | -- |
| Total Revenue | 2.3B | 2.0B | 2.3B | 1.4B | 2.3B |
| Cost Of Revenue | 2.0B | 1.9B | 2.0B | 1.6B | 2.0B |
| Gross Profit | 341.0M | 63.0M | 329.0M | -142.0M | 292.0M |
| Gross Margin % | 14.8% | 3.2% | 14.0% | -10.0% | 12.8% |
| Total Operating Cost | 2.2B | 2.2B | 2.3B | 1.9B | 2.3B |
| Selling Expenses | 19.1M | 20.3M | 22.7M | 17.4M | 27.3M |
| Admin Expenses | 71.7M | 72.1M | 69.6M | 59.5M | 77.3M |
| Finance Expenses | 79.2M | 84.4M | 95.5M | 114.0M | 131.0M |
| Operating Income | 158.0M | -109.0M | 156.0M | -336.0M | 10.7M |
| Operating Margin % | 6.9% | -5.5% | 6.6% | -23.5% | 0.5% |
| Non Operating Income | 19.3M | 38.5M | 30.5M | 51.4M | 37.4M |
| Non Operating Expenses | 18.1M | 14.7M | 9.5M | 32.8M | 18.6M |
| Investment Income | 14.4M | 22.2M | 9.5M | 8.0M | 16.2M |
| Asset Disposal Income | 30.2M | 9.7M | 7.9M | 45.3M | 577,400 |
| Asset Impairment Loss | 322,000 | 762,200 | 5.8M | 31.1M | 5.2M |
| Other Income | 40.3M | 47.9M | 50.1M | 42.7M | 39.7M |
| Income Before Tax | 159.0M | -85.2M | 177.0M | -317.0M | 29.6M |
| Income Tax | -203,700 | 11.2M | 11.0M | 229,900 | 15.9M |
| Net Income | 159.0M | -96.4M | 166.0M | -317.0M | 13.7M |
| Net Margin % | 6.9% | -4.9% | 7.1% | -22.2% | 0.6% |
| Net Income Attributable | 159.0M | -96.4M | 166.0M | -317.0M | 13.7M |
| Minority Interest | -- | -- | -- | -- | -- |
| Eps Basic | 0.25 | -0.15 | 0.26 | -0.50 | 0.02 |
| Eps Diluted | 0.25 | -0.15 | 0.26 | -0.50 | 0.02 |
| 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 | 1.2B | 856.0M | 904.0M | 558.0M | 421.0M |
| Trading Financial Assets | -- | -- | -- | 80.0M | 290.0M |
| Accounts Receivable | 55.8M | 83.1M | 94.6M | 80.4M | 116.0M |
| Notes Receivable | -- | 21,800 | -- | -- | -- |
| Notes And Accounts Receivable | 55.8M | 83.1M | 94.6M | 80.4M | 116.0M |
| Prepayments | 127.0M | 259.0M | 300.0M | 254.0M | 212.0M |
| Inventory | 86.4M | 91.4M | 73.1M | 105.0M | 206.0M |
| Total Current Assets | 1.7B | 1.4B | 1.6B | 1.2B | 1.5B |
| Long Term Equity Investment | 105.0M | 105.0M | 84.1M | 119.0M | 65.6M |
| Fixed Assets | 436.0M | 557.0M | 640.0M | 730.0M | 772.0M |
| Fixed Assets Total | 436.0M | 557.0M | 640.0M | 730.0M | 772.0M |
| Construction In Progress | 20.8M | 20.5M | 31.8M | 27.0M | 47.7M |
| Construction In Progress Total | 20.8M | 20.5M | 31.8M | 27.0M | 47.7M |
| Intangible Assets | 4.3M | 2.7M | 2.8M | 2.9M | 3.5M |
| Long Term Deferred Expenses | 405.0M | 489.0M | 524.0M | 575.0M | 580.0M |
| Total Non Current Assets | 2.1B | 2.6B | 2.9B | 3.3B | 4.0B |
| Total Assets | 3.7B | 4.1B | 4.5B | 4.5B | 5.5B |
| Short Term Borrowings | -- | -- | -- | -- | -- |
| Accounts Payable | 197.0M | 241.0M | 297.0M | 297.0M | 224.0M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 612.0M | 570.0M | 525.0M | 552.0M | 609.0M |
| Total Current Liabilities | 1.2B | 1.2B | 1.3B | 1.3B | 1.4B |
| Long Term Borrowings | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 1.3B | 1.7B | 1.9B | 2.0B | 2.6B |
| Total Liabilities | 2.5B | 2.9B | 3.1B | 3.3B | 4.0B |
| Paid In Capital | 634.0M | 634.0M | 634.0M | 634.0M | 634.0M |
| Capital Reserve | 569.0M | 569.0M | 569.0M | 569.0M | 569.0M |
| Surplus Reserve | 66.1M | 148.0M | 148.0M | 147.0M | 147.0M |
| Retained Earnings | -30.8M | -183.0M | -10.2M | -175.0M | 142.0M |
| Minority Equity | -- | -- | -- | -- | -- |
| Equity Attributable | 1.2B | 1.2B | 1.3B | 1.2B | 1.5B |
| Total Equity | 1.2B | 1.2B | 1.3B | 1.2B | 1.5B |
| 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 | 2.7B | 2.6B | 2.9B | 1.8B | 2.4B |
| Tax Refunds Received | 5.9M | 14.7M | 32.2M | 101.0M | 177,900 |
| Total Operating Cash Inflow | 2.8B | 2.7B | 3.0B | 2.0B | 2.5B |
| Cash Paid For Goods | 1.4B | 1.6B | 1.7B | 1.1B | 1.3B |
| Cash Paid To Employees | 418.0M | 432.0M | 398.0M | 386.0M | 424.0M |
| Taxes Paid | 153.0M | 139.0M | 102.0M | 102.0M | 99.5M |
| Total Operating Cash Outflow | 2.0B | 2.2B | 2.3B | 1.7B | 1.9B |
| Operating Cash Flow | 796.0M | 469.0M | 746.0M | 312.0M | 653.0M |
| Total Investing Cash Inflow | 397.0M | 238.0M | 510.0M | 599.0M | 1.4B |
| Total Investing Cash Outflow | 1.3B | 623.0M | 624.0M | 636.0M | 1.6B |
| Investing Cash Flow | -934.0M | -386.0M | -114.0M | -37.1M | -268.0M |
| Cash From Borrowings | -- | -- | -- | -- | -- |
| Dividends And Interest Paid | 88.8M | 76.1M | -- | -- | 5.1M |
| Debt Repayments | -- | -- | -- | -- | 240.0M |
| Total Financing Cash Inflow | -- | -- | -- | -- | -- |
| Total Financing Cash Outflow | 335.0M | 332.0M | 256.0M | 238.0M | 579.0M |
| Financing Cash Flow | -335.0M | -332.0M | -256.0M | -238.0M | -579.0M |
| Net Change In Cash | -473.0M | -249.0M | 376.0M | 37.3M | -194.0M |
| Ending Cash Balance | 74.6M | 548.0M | 797.0M | 421.0M | 383.0M |
| Capex | 100.0M | 223.0M | 203.0M | 202.0M | 357.0M |