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 | 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 | 1.7B | 2.3B | 2.0B | 1.5B | 1.5B | 1.3B | 1.4B | 949.0M | 776.0M | 694.0M | 563.0M | 445.0M | 359.0M | 232.0M |
| Revenue Growth % | -27.3% | 13.6% | 36.5% | 0.4% | 16.7% | -9.2% | 47.0% | 22.3% | 11.8% | 23.3% | 26.5% | 24.0% | 54.7% | -- |
| Total Revenue | 1.7B | 2.3B | 2.0B | 1.5B | 1.5B | 1.3B | 1.4B | 949.0M | 776.0M | 694.0M | 563.0M | 445.0M | 359.0M | 232.0M |
| Cost Of Revenue | 1.5B | 2.1B | 1.9B | 1.3B | 1.2B | 1.0B | 1.1B | 811.0M | 617.0M | 529.0M | 432.0M | 332.0M | 241.0M | 143.0M |
| Gross Profit | 170.0M | 197.0M | 168.0M | 161.0M | 292.0M | 236.0M | 298.0M | 138.0M | 159.0M | 165.0M | 131.0M | 113.0M | 118.0M | 89.0M |
| Gross Margin % | 10.2% | 8.6% | 8.3% | 10.8% | 19.8% | 18.6% | 21.4% | 14.5% | 20.5% | 23.8% | 23.3% | 25.4% | 32.9% | 38.4% |
| Total Operating Cost | 1.7B | 2.4B | 2.2B | 1.8B | 1.4B | 1.4B | 1.3B | 934.0M | 742.0M | 644.0M | 528.0M | 425.0M | 314.0M | 185.0M |
| Selling Expenses | 19.0M | 23.1M | 34.6M | 37.8M | 34.3M | 46.5M | 36.4M | 13.9M | 13.6M | 12.3M | 10.9M | 9.0M | 7.4M | 5.3M |
| Admin Expenses | 64.8M | 85.6M | 82.2M | 76.6M | 65.8M | 86.2M | 80.7M | 44.4M | 81.9M | 69.8M | 64.8M | 58.4M | 44.2M | 25.1M |
| Rd Expenses | 53.4M | 62.5M | 66.9M | 66.7M | 57.7M | 74.4M | 62.5M | 35.6M | -- | -- | -- | -- | -- | -- |
| Finance Expenses | 15.1M | 23.7M | 31.8M | 29.6M | 30.3M | 36.4M | 23.9M | 4.9M | 5.5M | 5.3M | 6.8M | 4.7M | 2.6M | 1.5M |
| Operating Income | -75.1M | -31.5M | -59.3M | -331.0M | 84.2M | -73.9M | 54.5M | 16.0M | 34.0M | 49.9M | 35.4M | 19.7M | 45.3M | 46.8M |
| Operating Margin % | -4.5% | -1.4% | -2.9% | -22.3% | 5.7% | -5.8% | 3.9% | 1.7% | 4.4% | 7.2% | 6.3% | 4.4% | 12.6% | 20.2% |
| Non Operating Income | 612,500 | 369,800 | 15.9M | 26.6M | 1.7M | 2.3M | 1.6M | 6.4M | 2.2M | 1.7M | 821,500 | 2.4M | 908,200 | 187,400 |
| Non Operating Expenses | 9.3M | 2.5M | 768,500 | 1.5M | 1.5M | 2.4M | 2.0M | 325,600 | 683,500 | 624,400 | 1.2M | 1.1M | 59,300 | 692,500 |
| Investment Income | 2.9M | 7.6M | 79.6M | 4.5M | 148,000 | 0.00 | 299,300 | 0.00 | 104,800 | -- | -- | -- | -- | -218,800 |
| Fair Value Change Income | -5.0M | 11.7M | 22.9M | -890,000 | 28.5M | 4.5M | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 105,100 | -- | 12.4M | -18,600 | -210,200 | 132,000 | -111,300 | 5,600 | 7,000 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 46.5M | 7.5M | 42.0M | 159.0M | 19.3M | 14.3M | 38.2M | 16.8M | 19.4M | 15.7M | 3.9M | 10.3M | 3.4M | -1.4M |
| Other Income | 2.6M | 7.8M | 19.5M | 14.0M | 22.7M | 10.0M | 5.8M | 725,000 | -- | -- | -- | -- | -- | -- |
| Income Before Tax | -83.8M | -33.7M | -44.2M | -306.0M | 84.4M | -73.9M | 54.1M | 22.0M | 35.5M | 51.0M | 35.1M | 20.9M | 46.2M | 46.3M |
| Income Tax | -16.4M | -24.9M | 20.7M | -21.2M | 13.7M | -16.8M | -409,200 | 646,700 | 5.2M | 8.3M | 6.5M | 3.8M | 8.6M | 7.9M |
| Net Income | -67.4M | -8.8M | -65.0M | -285.0M | 70.8M | -57.1M | 54.5M | 21.4M | 30.3M | 42.6M | 28.5M | 17.2M | 37.6M | 38.4M |
| Net Margin % | -4.0% | -0.4% | -3.2% | -19.2% | 4.8% | -4.5% | 3.9% | 2.3% | 3.9% | 6.1% | 5.1% | 3.9% | 10.5% | 16.6% |
| Net Income Attributable | -61.8M | 18.8M | 15.2M | -231.0M | 39.6M | -93.3M | 24.8M | 21.4M | 30.3M | 42.6M | 28.5M | 17.2M | 37.6M | 38.4M |
| Minority Interest | -5.6M | -27.6M | -80.1M | -54.2M | 31.2M | 36.3M | 29.7M | -- | -- | -- | -- | -- | -- | -- |
| Eps Basic | -0.39 | 0.12 | 0.10 | -1.45 | 0.25 | -0.68 | 0.25 | 0.27 | 0.44 | 0.71 | 0.48 | 0.29 | 0.63 | 0.64 |
| Eps Diluted | -0.39 | 0.12 | 0.10 | -1.45 | 0.25 | -0.68 | 0.25 | 0.27 | 0.44 | 0.71 | 0.48 | 0.29 | 0.63 | 0.64 |
| Line Item | 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 | 44.4M | 212.0M | 289.0M | 415.0M | 382.0M | 441.0M | 458.0M | 369.0M | 329.0M | 137.0M | 122.0M | 73.4M | 83.2M | 64.6M |
| Trading Financial Assets | -- | -- | -- | -- | -- | 5.3M | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 740.0M | 561.0M | 810.0M | 789.0M | 916.0M | 1.2B | 1.3B | 809.0M | 624.0M | 455.0M | 304.0M | 247.0M | 147.0M | 89.3M |
| Notes Receivable | 23.0M | 4.0M | 8.0M | 4.3M | 3.1M | 3.2M | 2.5M | -- | -- | -- | -- | -- | -- | -- |
| Notes And Accounts Receivable | 763.0M | 565.0M | 818.0M | 793.0M | 919.0M | 1.2B | 1.3B | 809.0M | 624.0M | 455.0M | 304.0M | 247.0M | 147.0M | 89.3M |
| Prepayments | 215.0M | 504.0M | 58.3M | 65.9M | 32.0M | 22.3M | 8.5M | 5.2M | 6.6M | 3.1M | 2.9M | 3.0M | 1.7M | 1.9M |
| Inventory | 775.0M | 141.0M | 92.4M | 141.0M | 76.7M | 93.8M | 115.0M | 13.9M | 26.2M | 7.7M | 36.6M | 23.9M | 14.8M | 11.7M |
| Total Current Assets | 2.1B | 1.6B | 1.6B | 1.7B | 1.6B | 1.8B | 1.9B | 1.2B | 1.0B | 615.0M | 482.0M | 365.0M | 254.0M | 182.0M |
| Long Term Equity Investment | 11.4M | 12.7M | 13.6M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | -- | 7.2M | 29.9M | 38.4M | 42.8M | 59.5M | 60.2M | 30.0M | 27.1M | 21.4M | 27.3M | 28.7M | 20.9M | 12.6M |
| Fixed Assets Total | 8.8M | 7.2M | 29.9M | 38.4M | 42.8M | 59.5M | 60.2M | 30.0M | 27.1M | 21.4M | 27.3M | 28.7M | 20.9M | 12.6M |
| Construction In Progress | -- | 237,100 | 188,700 | 156.0M | 30.7M | 1.3M | 518,300 | 257,900 | -- | -- | -- | -- | -- | -- |
| Construction In Progress Total | 41.3M | 237,100 | 188,700 | 156.0M | 30.7M | 1.3M | 518,300 | 257,900 | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 9.3M | 11.9M | 15.9M | 50.9M | 71.0M | 84.0M | 51.0M | 3.6M | 1.4M | 1.6M | 2.0M | 1.7M | 2.0M | 2.3M |
| Long Term Deferred Expenses | -- | 478,900 | 317,000 | 274,900 | 681,400 | 950,600 | 860,000 | 48,400 | 89,400 | 15,200 | 53,700 | 270,800 | 622,000 | 793,800 |
| Total Non Current Assets | 596.0M | 577.0M | 561.0M | 562.0M | 665.0M | 387.0M | 311.0M | 45.9M | 38.1M | 35.8M | 40.2M | 39.5M | 25.6M | 17.2M |
| Total Assets | 2.7B | 2.2B | 2.2B | 2.2B | 2.3B | 2.2B | 2.2B | 1.3B | 1.1B | 651.0M | 522.0M | 404.0M | 279.0M | 199.0M |
| Short Term Borrowings | 218.0M | 185.0M | 131.0M | 248.0M | 307.0M | 432.0M | 372.0M | 119.0M | 131.0M | 71.4M | 77.8M | 86.1M | 32.0M | 6.0M |
| Accounts Payable | 838.0M | 698.0M | 889.0M | 674.0M | 568.0M | 680.0M | 709.0M | 529.0M | 390.0M | 272.0M | 180.0M | 105.0M | 49.1M | 25.6M |
| Advance Receipts | -- | -- | -- | -- | -- | 15.6M | 10.8M | 3.2M | 5.1M | 47,200 | 928,000 | 85,600 | 661,300 | 1.5M |
| Contract Liabilities | 852.0M | 419.0M | 73.3M | 56.5M | 25.3M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 2.4B | 1.7B | 1.6B | 1.6B | 1.5B | 1.4B | 1.4B | 768.0M | 573.0M | 412.0M | 307.0M | 229.0M | 114.0M | 61.6M |
| Long Term Borrowings | 93.8M | 103.0M | 212.0M | 278.0M | 116.0M | 167.0M | 170.0M | 30.0M | -- | -- | 15.0M | -- | 2.0M | 8.0M |
| Total Non Current Liabilities | 126.0M | 134.0M | 234.0M | 298.0M | 149.0M | 183.0M | 177.0M | 30.0M | 257,800 | -- | 15.2M | -- | 2.0M | 8.0M |
| Total Liabilities | 2.5B | 1.9B | 1.8B | 1.9B | 1.6B | 1.6B | 1.5B | 798.0M | 574.0M | 412.0M | 322.0M | 229.0M | 116.0M | 69.6M |
| Paid In Capital | 158.0M | 158.0M | 158.0M | 160.0M | 157.0M | 157.0M | 112.0M | 80.0M | 80.0M | 60.0M | 60.0M | 60.0M | 60.0M | 60.0M |
| Capital Reserve | 208.0M | 214.0M | 173.0M | 194.0M | 163.0M | 177.0M | 222.0M | 254.0M | 254.0M | 64.6M | 59.4M | 59.4M | 59.4M | 59.4M |
| Surplus Reserve | 17.1M | 17.1M | 17.1M | 17.1M | 17.1M | 17.1M | 17.1M | 11.6M | 10.5M | 8.7M | 6.2M | 4.1M | 2.9M | 446,100 |
| Retained Earnings | -155.0M | -92.8M | -112.0M | -127.0M | 104.0M | 50.5M | 155.0M | 145.0M | 135.0M | 106.0M | 74.9M | 51.4M | 41.4M | 9.8M |
| Minority Equity | 29.7M | 36.6M | 90.7M | 183.0M | 245.0M | 240.0M | 185.0M | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 228.0M | 295.0M | 227.0M | 196.0M | 420.0M | 381.0M | 489.0M | 491.0M | 479.0M | 239.0M | 200.0M | 175.0M | 164.0M | 130.0M |
| Total Equity | 258.0M | 332.0M | 318.0M | 379.0M | 665.0M | 621.0M | 674.0M | 491.0M | 479.0M | 239.0M | 200.0M | 175.0M | 164.0M | 130.0M |
| Line Item | 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 | 3.1B | 3.4B | 2.0B | 1.7B | 1.5B | 1.4B | 1.2B | 822.0M | 634.0M | 553.0M | 524.0M | 352.0M | 297.0M | 200.0M |
| Tax Refunds Received | -- | 789,600 | 175,100 | 2.7M | 1.7M | 3.1M | 894,200 | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 3.2B | 3.6B | 2.1B | 1.7B | 1.6B | 1.5B | 1.3B | 882.0M | 759.0M | 689.0M | 674.0M | 487.0M | 425.0M | 301.0M |
| Cash Paid For Goods | 3.0B | 2.9B | 1.7B | 1.4B | 1.2B | 983.0M | 820.0M | 487.0M | 383.0M | 294.0M | 238.0M | 159.0M | 159.0M | 82.2M |
| Cash Paid To Employees | 287.0M | 441.0M | 218.0M | 136.0M | 161.0M | 238.0M | 256.0M | 209.0M | 199.0M | 168.0M | 159.0M | 143.0M | 93.9M | 52.5M |
| Taxes Paid | 34.2M | 37.3M | 21.9M | 31.3M | 41.2M | 62.0M | 77.7M | 57.0M | 51.7M | 32.7M | 26.4M | 21.5M | 23.6M | 23.5M |
| Total Operating Cash Outflow | 3.4B | 3.6B | 2.1B | 1.7B | 1.5B | 1.4B | 1.3B | 844.0M | 804.0M | 653.0M | 612.0M | 515.0M | 409.0M | 285.0M |
| Operating Cash Flow | -134.0M | 2.3M | 56.8M | 59.2M | 80.7M | 39.0M | 48.8M | 38.1M | -45.3M | 35.5M | 61.5M | -28.5M | 15.9M | 16.1M |
| Total Investing Cash Inflow | 2.6M | 54.9M | 79.4M | 27.9M | 36.5M | 530,500 | 48.5M | 69,600 | 40.1M | 33,200 | 155,300 | -- | 1,500 | 1.3M |
| Total Investing Cash Outflow | 2.2M | 3.1M | 53.2M | 145.0M | 65.9M | 48.8M | 352.0M | 12.8M | 57.4M | 3.1M | 6.6M | 14.7M | 12.1M | 7.6M |
| Investing Cash Flow | 383,500 | 51.8M | 26.3M | -117.0M | -29.4M | -48.3M | -304.0M | -12.7M | -17.3M | -3.0M | -6.4M | -14.7M | -12.1M | -6.3M |
| Cash From Borrowings | 217.0M | 185.0M | 204.0M | 624.0M | 376.0M | 624.0M | 629.0M | 179.0M | 151.0M | 128.0M | 129.0M | 103.0M | 35.0M | 21.0M |
| Dividends And Interest Paid | 18.9M | 28.9M | 44.0M | 40.9M | 35.4M | 53.5M | 34.5M | 16.4M | 6.4M | 14.7M | 9.8M | 10.4M | 2.2M | 27.3M |
| Debt Repayments | 194.0M | 322.0M | 313.0M | 497.0M | 521.0M | 604.0M | 253.0M | 161.0M | 106.0M | 134.0M | 124.0M | 55.9M | 18.0M | 10.5M |
| Total Financing Cash Inflow | 339.0M | 197.0M | 211.0M | 714.0M | 411.0M | 658.0M | 675.0M | 200.0M | 385.0M | 141.0M | 132.0M | 106.0M | 35.0M | 61.1M |
| Total Financing Cash Outflow | 272.0M | 377.0M | 395.0M | 564.0M | 591.0M | 680.0M | 356.0M | 210.0M | 143.0M | 163.0M | 142.0M | 72.4M | 23.3M | 37.8M |
| Financing Cash Flow | 67.8M | -180.0M | -184.0M | 151.0M | -180.0M | -21.3M | 320.0M | -10.2M | 243.0M | -21.9M | -10.6M | 33.6M | 11.7M | 23.3M |
| Net Change In Cash | -65.5M | -126.0M | -101.0M | 92.7M | -128.0M | -30.5M | 64.7M | 15.2M | 180.0M | 10.6M | 44.5M | -9.5M | 15.6M | 33.1M |
| Ending Cash Balance | 26.7M | 92.2M | 218.0M | 319.0M | 226.0M | 355.0M | 385.0M | 321.0M | 305.0M | 125.0M | 115.0M | 70.2M | 79.8M | 64.2M |
| Capex | 1.5M | 2.4M | 37.4M | 138.0M | 50.9M | 21.8M | 12.0M | 12.8M | 17.4M | 3.1M | 6.6M | 14.7M | 12.1M | 7.6M |