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 | 3.2B | 2.7B | 2.7B | 2.7B | 2.6B |
| Revenue Growth % | 18.3% | 0.3% | -1.9% | 5.5% | -- |
| Total Revenue | 3.2B | 2.7B | 2.7B | 2.7B | 2.6B |
| Cost Of Revenue | 2.7B | 2.3B | 2.1B | 2.2B | 2.2B |
| Gross Profit | 449.0M | 430.0M | 544.0M | 552.0M | 438.0M |
| Gross Margin % | 14.0% | 15.9% | 20.2% | 20.1% | 16.8% |
| Total Operating Cost | 3.1B | 2.5B | 2.4B | 2.4B | 2.4B |
| Selling Expenses | 20.3M | 16.6M | 14.8M | 12.9M | 12.6M |
| Admin Expenses | 112.0M | 104.0M | 98.4M | 82.5M | 86.4M |
| Rd Expenses | 116.0M | 106.0M | 102.0M | 101.0M | 89.9M |
| Finance Expenses | 26.5M | -35.2M | -27.3M | -60.3M | 13.3M |
| Operating Income | 121.0M | 194.0M | 306.0M | 397.0M | 270.0M |
| Operating Margin % | 3.8% | 7.2% | 11.4% | 14.5% | 10.4% |
| Non Operating Income | 14,300 | 407,600 | 348,700 | 752,500 | 2.2M |
| Non Operating Expenses | 2.3M | 908,600 | 1.1M | 602,800 | 5.6M |
| Investment Income | 7.4M | -2.9M | -4.2M | 253,600 | 847,600 |
| Fair Value Change Income | -18.0M | 7.2M | 1.8M | -82,500 | 52.8M |
| Asset Disposal Income | 16,600 | -149,200 | -96,600 | -51,900 | 395,000 |
| Asset Impairment Loss | 16.5M | 23.9M | 10.1M | 24.9M | 7.8M |
| Other Income | 5.9M | 8.1M | 7.4M | 8.8M | 9.2M |
| Income Before Tax | 118.0M | 193.0M | 305.0M | 397.0M | 267.0M |
| Income Tax | 15.2M | 17.2M | 39.2M | 48.0M | 32.7M |
| Net Income | 103.0M | 176.0M | 266.0M | 349.0M | 234.0M |
| Net Margin % | 3.2% | 6.5% | 9.9% | 12.7% | 9.0% |
| Net Income Attributable | 107.0M | 181.0M | 261.0M | 347.0M | 232.0M |
| Minority Interest | -3.9M | -5.4M | 4.8M | 1.7M | 2.2M |
| Eps Basic | 0.19 | 0.32 | 0.47 | 0.62 | 0.64 |
| Eps Diluted | 0.19 | 0.32 | 0.47 | 0.62 | 0.64 |
| 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 | 556.0M | 645.0M | 792.0M | 647.0M | 432.0M |
| Trading Financial Assets | 802,900 | 2.8M | 5.0M | 148.0M | 70.0M |
| Accounts Receivable | 877.0M | 668.0M | 770.0M | 549.0M | 694.0M |
| Notes Receivable | -- | 3.3M | -- | -- | -- |
| Notes And Accounts Receivable | 877.0M | 672.0M | 770.0M | 549.0M | 694.0M |
| Prepayments | 29.0M | 24.8M | 8.9M | 8.7M | 6.3M |
| Inventory | 506.0M | 442.0M | 291.0M | 336.0M | 479.0M |
| Total Current Assets | 2.0B | 1.8B | 2.0B | 1.7B | 1.9B |
| Long Term Equity Investment | 61.0M | 44.6M | 37.2M | 45.0M | -- |
| Fixed Assets | 669.0M | 592.0M | 470.0M | 430.0M | 375.0M |
| Fixed Assets Total | 669.0M | 592.0M | 470.0M | 430.0M | 375.0M |
| Construction In Progress | 38.9M | 55.3M | 28.1M | 14.4M | 17.7M |
| Construction In Progress Total | 38.9M | 55.3M | 28.1M | 14.4M | 17.7M |
| Intangible Assets | 107.0M | 95.3M | 52.7M | 36.9M | 35.4M |
| Long Term Deferred Expenses | 668,700 | 799,200 | 2.4M | 952,400 | 1.1M |
| Total Non Current Assets | 1.2B | 1.1B | 735.0M | 607.0M | 522.0M |
| Total Assets | 3.2B | 2.9B | 2.7B | 2.3B | 2.4B |
| Short Term Borrowings | 205.0M | 83.6M | 86.8M | 120.0M | 331.0M |
| Accounts Payable | 875.0M | 797.0M | 716.0M | 408.0M | 533.0M |
| Advance Receipts | 543,500 | 942,400 | 820,100 | 789,700 | 771,800 |
| Contract Liabilities | 12.3M | 49.9M | 6.9M | 7.2M | 10.9M |
| Total Current Liabilities | 1.5B | 1.3B | 1.0B | 784.0M | 1.1B |
| Long Term Borrowings | 12.0M | -- | -- | -- | 26.9M |
| Total Non Current Liabilities | 53.9M | 34.1M | 32.7M | 26.4M | 40.1M |
| Total Liabilities | 1.6B | 1.3B | 1.1B | 810.0M | 1.1B |
| Paid In Capital | 561.0M | 561.0M | 561.0M | 401.0M | 401.0M |
| Capital Reserve | 258.0M | 254.0M | 254.0M | 414.0M | 414.0M |
| Surplus Reserve | 147.0M | 134.0M | 117.0M | 87.2M | 54.3M |
| Retained Earnings | 640.0M | 657.0M | 662.0M | 590.0M | 437.0M |
| Minority Equity | 15.3M | 22.8M | 29.5M | 7.9M | 5.1M |
| Equity Attributable | 1.6B | 1.6B | 1.6B | 1.5B | 1.3B |
| Total Equity | 1.6B | 1.6B | 1.6B | 1.5B | 1.3B |
| 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 | 3.0B | 2.9B | 2.5B | 3.0B | 2.4B |
| Tax Refunds Received | 171.0M | 165.0M | 124.0M | 186.0M | 204.0M |
| Total Operating Cash Inflow | 3.2B | 3.0B | 2.6B | 3.2B | 2.6B |
| Cash Paid For Goods | 2.6B | 2.3B | 1.9B | 2.3B | 2.4B |
| Cash Paid To Employees | 322.0M | 286.0M | 232.0M | 229.0M | 208.0M |
| Taxes Paid | 33.2M | 42.8M | 58.1M | 63.5M | 46.1M |
| Total Operating Cash Outflow | 3.1B | 2.7B | 2.2B | 2.6B | 2.7B |
| Operating Cash Flow | 73.9M | 357.0M | 369.0M | 564.0M | -101.0M |
| Total Investing Cash Inflow | 718.0M | 1.1B | 327.0M | 461.0M | 256.0M |
| Total Investing Cash Outflow | 899.0M | 1.5B | 411.0M | 663.0M | 330.0M |
| Investing Cash Flow | -182.0M | -354.0M | -84.7M | -203.0M | -73.9M |
| Cash From Borrowings | 303.0M | 320.0M | 191.0M | 324.0M | 465.0M |
| Dividends And Interest Paid | 118.0M | 175.0M | 167.0M | 169.0M | 10.5M |
| Debt Repayments | 199.0M | 248.0M | 229.0M | 574.0M | 515.0M |
| Total Financing Cash Inflow | 340.0M | 325.0M | 213.0M | 547.0M | 808.0M |
| Total Financing Cash Outflow | 340.0M | 460.0M | 414.0M | 744.0M | 526.0M |
| Financing Cash Flow | -175,200 | -135.0M | -200.0M | -197.0M | 282.0M |
| Net Change In Cash | -110.0M | -99.9M | 93.0M | 199.0M | 101.0M |
| Ending Cash Balance | 456.0M | 567.0M | 667.0M | 574.0M | 375.0M |
| Capex | 204.0M | 253.0M | 135.0M | 90.6M | 168.0M |