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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 15.5B | 13.3B | 10.6B | 6.9B | 4.6B | 3.7B | 3.0B | 3.4B | 3.1B | 1.7B | 902.0M | 789.0M | 695.0M | 550.0M |
| Revenue Growth % | 17.0% | 25.5% | 52.2% | 50.6% | 25.4% | 21.2% | -10.8% | 10.0% | 80.9% | 89.7% | 14.3% | 13.5% | 26.4% | -- |
| Total Revenue | 15.5B | 13.3B | 10.6B | 6.9B | 4.6B | 3.7B | 3.0B | 3.4B | 3.1B | 1.7B | 902.0M | 789.0M | 695.0M | 550.0M |
| Cost Of Revenue | 12.7B | 10.7B | 8.6B | 5.6B | 3.7B | 2.8B | 2.4B | 2.6B | 2.3B | 1.3B | 672.0M | 573.0M | 489.0M | 398.0M |
| Gross Profit | 2.8B | 2.6B | 2.0B | 1.4B | 880.0M | 846.0M | 644.0M | 764.0M | 760.0M | 420.0M | 230.0M | 216.0M | 206.0M | 152.0M |
| Gross Margin % | 18.0% | 19.6% | 19.0% | 19.7% | 19.1% | 23.0% | 21.2% | 22.4% | 24.6% | 24.5% | 25.5% | 27.4% | 29.6% | 27.6% |
| Total Operating Cost | 14.7B | 12.2B | 9.7B | 6.4B | 4.3B | 3.4B | 2.9B | 3.1B | 2.8B | 1.6B | 832.0M | 732.0M | 641.0M | 512.0M |
| Selling Expenses | 99.5M | 79.2M | 68.7M | 133.0M | 97.5M | 167.0M | 141.0M | 151.0M | 187.0M | 108.0M | 53.3M | 58.5M | 53.9M | 41.6M |
| Admin Expenses | 988.0M | 691.0M | 452.0M | 312.0M | 214.0M | 163.0M | 134.0M | 126.0M | 117.0M | 139.0M | 88.8M | 77.7M | 74.4M | 54.2M |
| Rd Expenses | 690.0M | 549.0M | 457.0M | 306.0M | 225.0M | 151.0M | 137.0M | 125.0M | 115.0M | -- | -- | -- | -- | -- |
| Finance Expenses | 62.6M | 115.0M | -5.9M | -29,900 | 28.1M | 44.7M | 34.0M | 19.2M | 4.5M | 13.8M | 15.8M | 17.9M | 17.4M | 14.1M |
| Operating Income | 917.0M | 1.1B | 928.0M | 537.0M | 311.0M | 288.0M | 197.0M | 327.0M | 313.0M | 138.0M | 70.5M | 57.4M | 53.9M | 38.0M |
| Operating Margin % | 5.9% | 8.5% | 8.8% | 7.7% | 6.7% | 7.8% | 6.5% | 9.6% | 10.1% | 8.1% | 7.8% | 7.3% | 7.8% | 6.9% |
| Non Operating Income | 791,400 | 520,900 | 815,400 | 170,000 | 419,900 | 699,800 | 316,900 | 47.2M | 6.5M | 4.1M | 4.0M | 3.3M | 1.4M | 660,900 |
| Non Operating Expenses | 21.1M | 18.0M | 14.9M | 13.1M | 9.7M | 507,400 | 1.6M | 47.4M | 25.4M | 12.9M | 10.6M | 3.2M | 6.4M | 417,300 |
| Investment Income | -3.2M | -2.1M | 1.4M | 568,300 | 5.3M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Fair Value Change Income | -21,400 | -69,800 | -973,600 | 3.9M | 2.1M | 3,400 | 70,100 | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 1.6M | 495,200 | -9.1M | 720,900 | 26.9M | 203,700 | -836,400 | -1.4M | -51,900 | 136,600 | -- | -- | -- | -- |
| Asset Impairment Loss | 8.4M | 7.2M | 4.2M | 3.0M | 3.4M | 1.6M | 1.5M | 4.8M | 6.1M | 13.1M | -927,900 | 1.2M | 4.6M | 2.9M |
| Other Income | 79.8M | 78.7M | 15.2M | 13.2M | 12.2M | 11.7M | 18.1M | 8.4M | -- | -- | -- | -- | -- | -- |
| Income Before Tax | 896.0M | 1.1B | 914.0M | 524.0M | 302.0M | 288.0M | 196.0M | 327.0M | 294.0M | 129.0M | 63.9M | 57.6M | 48.8M | 38.3M |
| Income Tax | 92.2M | 132.0M | 109.0M | 51.4M | 16.1M | 31.2M | 15.9M | 44.5M | 43.6M | 15.8M | 11.3M | 10.1M | 10.2M | 7.7M |
| Net Income | 804.0M | 974.0M | 805.0M | 473.0M | 286.0M | 257.0M | 180.0M | 282.0M | 250.0M | 114.0M | 52.6M | 47.5M | 38.7M | 30.5M |
| Net Margin % | 5.2% | 7.3% | 7.6% | 6.8% | 6.2% | 7.0% | 5.9% | 8.3% | 8.1% | 6.7% | 5.8% | 6.0% | 5.6% | 5.5% |
| Net Income Attributable | 815.0M | 977.0M | 806.0M | 471.0M | 284.0M | 258.0M | 183.0M | 282.0M | 250.0M | 114.0M | 52.6M | 47.5M | 38.7M | 30.5M |
| Minority Interest | -10.9M | -2.9M | -477,400 | 2.4M | 2.0M | -640,300 | -3.0M | -- | -- | -- | -- | -- | -- | -- |
| Eps Basic | 1.66 | 2.00 | 1.65 | 0.97 | 0.58 | 0.75 | 0.80 | 1.37 | 1.18 | 0.95 | 0.44 | 0.40 | 0.32 | 0.26 |
| Eps Diluted | 1.66 | 2.00 | 1.65 | 0.97 | 0.58 | 0.75 | 0.80 | 1.37 | 1.18 | 0.95 | 0.44 | 0.40 | -- | 0.26 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 1.2B | 1.5B | 1.4B | 758.0M | 799.0M | 1.6B | 599.0M | 816.0M | 192.0M | 138.0M | 100.0M | 35.8M | 22.4M | 33.4M |
| Trading Financial Assets | -- | -- | -- | 101.0M | 273.0M | -- | 12.7M | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 4.1B | 3.7B | 3.0B | 2.0B | 1.2B | 1.0B | 707.0M | 609.0M | 556.0M | 460.0M | 228.0M | 249.0M | 239.0M | 190.0M |
| Notes Receivable | 39.0M | 96.7M | 150.0M | 76.2M | 228.0M | 212.0M | -- | 489.0M | 698.0M | 143.0M | 96.2M | 140.0M | 64.2M | 34.1M |
| Notes And Accounts Receivable | 4.2B | 3.8B | 3.1B | 2.0B | 1.4B | 1.2B | 707.0M | 1.1B | 1.3B | 603.0M | 325.0M | 389.0M | 303.0M | 224.0M |
| Prepayments | 375.0M | 416.0M | 456.0M | 357.0M | 166.0M | 179.0M | 164.0M | 105.0M | 106.0M | 72.9M | 35.4M | 8.4M | 15.7M | 3.4M |
| Inventory | 2.9B | 2.7B | 2.5B | 1.8B | 1.5B | 1.1B | 886.0M | 574.0M | 591.0M | 566.0M | 325.0M | 306.0M | 264.0M | 239.0M |
| Total Current Assets | 11.2B | 10.2B | 9.1B | 6.0B | 5.1B | 4.8B | 3.2B | 2.6B | 2.2B | 1.4B | 789.0M | 740.0M | 606.0M | 504.0M |
| Long Term Equity Investment | 4.5M | 7.5M | 6.3M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | 4.8B | 3.8B | 3.2B | 2.1B | 1.7B | 1.4B | 1.1B | 796.0M | 561.0M | 401.0M | 372.0M | 315.0M | 310.0M | 253.0M |
| Fixed Assets Total | 4.8B | 3.8B | 3.2B | 2.1B | 1.7B | 1.4B | 1.1B | 796.0M | 561.0M | 401.0M | 372.0M | 315.0M | 310.0M | 253.0M |
| Construction In Progress | 653.0M | 690.0M | 299.0M | 484.0M | 287.0M | 73.4M | 299.0M | 213.0M | 101.0M | 35.7M | 2.0M | 28.3M | 3.6M | 675,100 |
| Construction In Progress Total | 653.0M | 690.0M | 299.0M | 484.0M | 287.0M | 73.4M | 299.0M | 213.0M | 101.0M | 35.7M | 2.0M | 28.3M | 3.6M | 675,100 |
| Intangible Assets | 521.0M | 378.0M | 372.0M | 276.0M | 228.0M | 229.0M | 163.0M | 166.0M | 115.0M | 94.8M | 66.5M | 67.6M | 62.9M | 63.8M |
| Long Term Deferred Expenses | 257.0M | 170.0M | 123.0M | 77.1M | 47.2M | 35.3M | 29.0M | 13.1M | 5.4M | 2.4M | 1.3M | 1.5M | 2.2M | 2.3M |
| Total Non Current Assets | 7.3B | 5.7B | 4.3B | 3.3B | 2.4B | 1.9B | 1.6B | 1.3B | 949.0M | 606.0M | 502.0M | 436.0M | 399.0M | 380.0M |
| Total Assets | 18.4B | 15.9B | 13.4B | 9.3B | 7.4B | 6.7B | 4.8B | 3.9B | 3.1B | 2.0B | 1.3B | 1.2B | 1.0B | 884.0M |
| Short Term Borrowings | 24.0M | 150.0M | 100.0M | 526.0M | 327.0M | 480.0M | 551.0M | 295.0M | 120.0M | 305.0M | 277.0M | 223.0M | 195.0M | 176.0M |
| Accounts Payable | 5.5B | 4.6B | 4.2B | 2.6B | 1.8B | 1.5B | 1.2B | 897.0M | 1.0B | 856.0M | 347.0M | 347.0M | 282.0M | 249.0M |
| Advance Receipts | -- | -- | -- | -- | -- | -- | 47.5M | 29.2M | 26.0M | 17.0M | 30.7M | 18.3M | 17.9M | 5.5M |
| Contract Liabilities | 82.5M | 98.2M | 115.0M | 124.0M | 50.8M | 49.5M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 9.0B | 8.1B | 6.9B | 4.8B | 3.3B | 2.6B | 2.5B | 1.9B | 1.7B | 1.3B | 792.0M | 723.0M | 597.0M | 486.0M |
| Long Term Borrowings | 1.4B | 912.0M | 468.0M | 363.0M | 316.0M | 400.0M | 150.0M | -- | -- | 10.4M | -- | -- | 1.2M | 30.0M |
| Total Non Current Liabilities | 1.9B | 2.1B | 1.6B | 455.0M | 383.0M | 544.0M | 571.0M | 391.0M | 45.7M | 58.7M | 12.4M | 13.0M | 15.5M | 44.8M |
| Total Liabilities | 11.0B | 10.3B | 8.4B | 5.2B | 3.7B | 3.2B | 3.1B | 2.3B | 1.8B | 1.4B | 804.0M | 736.0M | 613.0M | 530.0M |
| Paid In Capital | 510.0M | 487.0M | 487.0M | 487.0M | 375.0M | 368.0M | 228.0M | 228.0M | 162.0M | 120.0M | 120.0M | 120.0M | 120.0M | 120.0M |
| Capital Reserve | 3.3B | 2.1B | 2.1B | 2.1B | 2.2B | 2.1B | 694.0M | 695.0M | 741.0M | 212.0M | 212.0M | 212.0M | 212.0M | 212.0M |
| Surplus Reserve | 248.0M | 223.0M | 184.0M | 150.0M | 123.0M | 104.0M | 82.5M | 68.5M | 44.2M | 20.6M | 11.6M | 9.8M | 6.8M | 1.4M |
| Retained Earnings | 3.4B | 2.7B | 1.9B | 1.3B | 991.0M | 838.0M | 692.0M | 633.0M | 457.0M | 242.0M | 143.0M | 98.6M | 54.2M | 20.9M |
| Minority Equity | 52.0M | 47.7M | 48.2M | 50.1M | 47.0M | 47.8M | 30.4M | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 7.4B | 5.6B | 5.0B | 4.1B | 3.7B | 3.4B | 1.7B | 1.6B | 1.3B | 594.0M | 486.0M | 440.0M | 392.0M | 354.0M |
| Total Equity | 7.5B | 5.7B | 5.0B | 4.1B | 3.8B | 3.5B | 1.7B | 1.6B | 1.3B | 594.0M | 486.0M | 440.0M | 392.0M | 354.0M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 13.1B | 9.9B | 7.4B | 5.4B | 3.2B | 2.4B | 2.2B | 3.0B | 1.7B | 926.0M | 616.0M | 379.0M | 293.0M | 244.0M |
| Tax Refunds Received | 307.0M | 112.0M | 58.3M | 75.5M | 15.1M | 15.8M | 4.3M | 13.9M | 1.7M | 725,800 | -- | -- | -- | -- |
| Total Operating Cash Inflow | 13.6B | 10.2B | 7.6B | 5.6B | 3.3B | 2.5B | 2.3B | 3.1B | 1.7B | 933.0M | 620.0M | 381.0M | 295.0M | 263.0M |
| Cash Paid For Goods | 9.8B | 6.5B | 5.3B | 3.7B | 2.3B | 2.0B | 1.9B | 2.1B | 1.3B | 590.0M | 365.0M | 153.0M | 121.0M | 169.0M |
| Cash Paid To Employees | 2.0B | 1.5B | 1.2B | 737.0M | 461.0M | 304.0M | 265.0M | 226.0M | 185.0M | 121.0M | 82.9M | 75.6M | 75.9M | 58.4M |
| Taxes Paid | 630.0M | 533.0M | 378.0M | 217.0M | 190.0M | 98.2M | 106.0M | 162.0M | 138.0M | 74.5M | 44.6M | 45.8M | 31.5M | 21.1M |
| Total Operating Cash Outflow | 12.8B | 8.9B | 7.0B | 4.8B | 3.1B | 2.5B | 2.3B | 2.6B | 1.7B | 824.0M | 536.0M | 323.0M | 277.0M | 325.0M |
| Operating Cash Flow | 768.0M | 1.3B | 590.0M | 755.0M | 211.0M | 13.8M | -49.4M | 491.0M | 28.3M | 109.0M | 83.9M | 58.0M | 17.7M | -61.5M |
| Total Investing Cash Inflow | 54.2M | 22.1M | 309.0M | 375.0M | 1.0B | 10.9M | 75,000 | 824,100 | 8.4M | 38.1M | 979,900 | 714,900 | 610,800 | -- |
| Total Investing Cash Outflow | 1.3B | 1.5B | 1.3B | 1.2B | 1.8B | 336.0M | 437.0M | 364.0M | 357.0M | 142.0M | 97.7M | 10.9M | 38.3M | 195.0M |
| Investing Cash Flow | -1.2B | -1.5B | -988.0M | -814.0M | -836.0M | -325.0M | -437.0M | -363.0M | -348.0M | -103.0M | -96.7M | -10.2M | -37.7M | -195.0M |
| Cash From Borrowings | 1.5B | 1.6B | 793.0M | 930.0M | 576.0M | 1.0B | 700.0M | 989.0M | 165.0M | 363.0M | 379.0M | 292.0M | 262.0M | 462.0M |
| Dividends And Interest Paid | 206.0M | 194.0M | 179.0M | 148.0M | 148.0M | 125.0M | 136.0M | 93.3M | 20.0M | 17.6M | 8.5M | 17.7M | 12.0M | 13.6M |
| Debt Repayments | 1.0B | 1.1B | 683.0M | 761.0M | 582.0M | 830.0M | 295.0M | 375.0M | 347.0M | 323.0M | 326.0M | 306.0M | 231.0M | 489.0M |
| Total Financing Cash Inflow | 1.9B | 3.0B | 2.8B | 1.9B | 1.4B | 3.3B | 2.0B | 1.6B | 742.0M | 363.0M | 379.0M | 292.0M | 262.0M | 754.0M |
| Total Financing Cash Outflow | 1.9B | 2.6B | 1.7B | 2.0B | 1.5B | 2.0B | 1.6B | 1.3B | 380.0M | 341.0M | 335.0M | 324.0M | 243.0M | 502.0M |
| Financing Cash Flow | 41.5M | 325.0M | 1.1B | -167.0M | -151.0M | 1.3B | 373.0M | 333.0M | 362.0M | 22.0M | 44.1M | -31.3M | 19.4M | 252.0M |
| Net Change In Cash | -378.0M | 134.0M | 736.0M | -215.0M | -780.0M | 978.0M | -114.0M | 461.0M | 41.7M | 27.5M | 31.3M | 16.6M | -613,600 | -4.6M |
| Ending Cash Balance | 947.0M | 1.3B | 1.2B | 455.0M | 670.0M | 1.4B | 472.0M | 586.0M | 125.0M | 83.6M | 56.1M | 24.8M | 8.2M | 8.8M |
| Capex | 1.1B | 1.5B | 1.1B | 989.0M | 611.0M | 336.0M | 437.0M | 364.0M | 357.0M | 142.0M | 97.7M | 10.9M | 27.0M | 68.0M |