Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 |
|---|---|---|---|---|---|
| Revenue | 2.2B | 1.8B | 1.6B | 822.0M | 250.0M |
| Revenue Growth % | 18.0% | 15.2% | 93.8% | 228.8% | -- |
| Total Revenue | 2.2B | 1.8B | 1.6B | 822.0M | 250.0M |
| Cost Of Revenue | 1.8B | 1.5B | 1.3B | 663.0M | 191.0M |
| Gross Profit | 376.0M | 337.0M | 284.0M | 159.0M | 59.0M |
| Gross Margin % | 17.4% | 18.4% | 17.8% | 19.3% | 23.6% |
| Total Operating Cost | 1.9B | 1.6B | 1.4B | 730.0M | 222.0M |
| Selling Expenses | 9.7M | 8.5M | 5.8M | 4.7M | 3.2M |
| Admin Expenses | 31.0M | 28.7M | 26.0M | 11.1M | 6.4M |
| Rd Expenses | 62.5M | 51.7M | 48.0M | 27.8M | 11.5M |
| Finance Expenses | -12.9M | 2.7M | -1.1M | 1.9M | 1.8M |
| Operating Income | 259.0M | 231.0M | 175.0M | 90.9M | 27.4M |
| Operating Margin % | 12.0% | 12.6% | 11.0% | 11.1% | 11.0% |
| Non Operating Income | 3.0M | 3.6M | 291,000 | 193,200 | 290,300 |
| Non Operating Expenses | 800,600 | 872,400 | 211,700 | 397,800 | 146,500 |
| Investment Income | 2.8M | -3.5M | -2.7M | -1.1M | -271,400 |
| Asset Disposal Income | -755,800 | 106,900 | 92,500 | 1,700 | -18,800 |
| Asset Impairment Loss | 7.1M | 4.9M | 4.5M | 3.0M | 2.2M |
| Other Income | 8.4M | 1.9M | 988,000 | 430,000 | 261,500 |
| Income Before Tax | 262.0M | 234.0M | 175.0M | 90.7M | 27.6M |
| Income Tax | 33.8M | 36.1M | 20.8M | 10.4M | 5.2M |
| Net Income | 228.0M | 198.0M | 155.0M | 80.3M | 22.4M |
| Net Margin % | 10.5% | 10.8% | 9.7% | 9.8% | 8.9% |
| Net Income Attributable | 228.0M | 198.0M | 155.0M | 80.3M | 22.4M |
| Eps Basic | 1.44 | 1.63 | 1.27 | 0.60 | -- |
| Eps Diluted | 1.44 | 1.63 | 1.27 | 0.60 | -- |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 |
|---|---|---|---|---|---|
| Cash And Equivalents | 338.0M | 78.5M | 39.4M | 28.0M | 19.5M |
| Trading Financial Assets | 206.0M | -- | -- | -- | -- |
| Accounts Receivable | 780.0M | 598.0M | 749.0M | 432.0M | 150.0M |
| Notes Receivable | 156.0M | 81.2M | 177.0M | 12.9M | 12.6M |
| Notes And Accounts Receivable | 935.0M | 679.0M | 926.0M | 445.0M | 163.0M |
| Prepayments | 783,800 | 441,200 | 1.0M | 543,600 | 532,100 |
| Inventory | 204.0M | 159.0M | 173.0M | 137.0M | 54.8M |
| Total Current Assets | 2.3B | 1.1B | 1.3B | 703.0M | 247.0M |
| Fixed Assets | -- | 245.0M | 157.0M | 39.2M | 22.3M |
| Fixed Assets Total | 278.0M | 245.0M | 157.0M | 39.2M | 22.3M |
| Construction In Progress | -- | 15.9M | 9.7M | 55.5M | 1.6M |
| Construction In Progress Total | 35.7M | 15.9M | 9.7M | 55.5M | 1.6M |
| Intangible Assets | 56.4M | 38.9M | 13.2M | 12.4M | 124,700 |
| Long Term Deferred Expenses | 5.1M | 9.5M | 5.4M | 2.6M | 1.8M |
| Total Non Current Assets | 457.0M | 325.0M | 201.0M | 121.0M | 29.5M |
| Total Assets | 2.8B | 1.5B | 1.5B | 824.0M | 277.0M |
| Short Term Borrowings | 65.1M | 15.9M | 37.3M | 33.2M | 38.1M |
| Accounts Payable | 942.0M | 530.0M | 699.0M | 348.0M | 102.0M |
| Advance Receipts | -- | -- | -- | -- | -- |
| Contract Liabilities | 9.8M | 13.3M | 6.9M | 1.6M | 812,200 |
| Total Current Liabilities | 1.1B | 724.0M | 1.0B | 520.0M | 160.0M |
| Long Term Borrowings | -- | 85.2M | 26.8M | 21.9M | -- |
| Total Non Current Liabilities | -- | 85.3M | 27.7M | 22.7M | 373,300 |
| Total Liabilities | 1.1B | 810.0M | 1.0B | 542.0M | 161.0M |
| Paid In Capital | 162.0M | 121.0M | 121.0M | 121.0M | 78.3M |
| Capital Reserve | 1.2B | 128.0M | 124.0M | 121.0M | 228,200 |
| Surplus Reserve | 40.0M | 27.9M | 18.8M | 4.3M | 5.5M |
| Retained Earnings | 475.0M | 365.0M | 176.0M | 35.7M | 32.0M |
| Equity Attributable | 1.7B | 642.0M | 440.0M | 282.0M | 116.0M |
| Total Equity | 1.7B | 642.0M | 440.0M | 282.0M | 116.0M |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 | FY 2020Dec 31, 2020 |
|---|---|---|---|---|---|
| Cash From Sales | 1.2B | 1.2B | 809.0M | 365.0M | 173.0M |
| Tax Refunds Received | 6.5M | 4.0M | 5.5M | 857,400 | 1.3M |
| Total Operating Cash Inflow | 1.3B | 1.2B | 829.0M | 376.0M | 180.0M |
| Cash Paid For Goods | 829.0M | 827.0M | 548.0M | 303.0M | 120.0M |
| Cash Paid To Employees | 180.0M | 160.0M | 133.0M | 54.4M | 31.3M |
| Taxes Paid | 88.8M | 67.7M | 73.0M | 31.6M | 9.0M |
| Total Operating Cash Outflow | 1.1B | 1.1B | 773.0M | 415.0M | 164.0M |
| Operating Cash Flow | 153.0M | 153.0M | 56.5M | -39.1M | 15.8M |
| Total Investing Cash Inflow | 860.0M | 26.8M | 62,500 | 123,700 | 37,200 |
| Total Investing Cash Outflow | 1.4B | 225.0M | 84.3M | 68.5M | 13.3M |
| Investing Cash Flow | -582.0M | -198.0M | -84.2M | -68.4M | -13.2M |
| Cash From Borrowings | 65.1M | 166.0M | 115.0M | 75.8M | 38.0M |
| Dividends And Interest Paid | 106.0M | 3.3M | 2.0M | 1.8M | 313,400 |
| Debt Repayments | 161.0M | 80.9M | 73.8M | 53.8M | 9.0M |
| Total Financing Cash Inflow | 1.2B | 166.0M | 115.0M | 159.0M | 42.2M |
| Total Financing Cash Outflow | 457.0M | 86.7M | 79.6M | 63.0M | 34.3M |
| Financing Cash Flow | 714.0M | 79.5M | 35.4M | 95.5M | 7.9M |
| Net Change In Cash | 287.0M | 35.2M | 8.7M | -12.3M | 9.9M |
| Ending Cash Balance | 338.0M | 51.1M | 15.9M | 7.2M | 19.5M |
| Capex | 113.0M | 198.0M | 84.3M | 68.5M | 13.3M |