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 | 171.0M | 458.0M | 663.0M | 828.0M | 704.0M |
| Revenue Growth % | -62.7% | -30.9% | -19.9% | 17.6% | -- |
| Total Revenue | 171.0M | 458.0M | 663.0M | 828.0M | 704.0M |
| Cost Of Revenue | 159.0M | 299.0M | 391.0M | 527.0M | 446.0M |
| Gross Profit | 12.0M | 159.0M | 272.0M | 301.0M | 258.0M |
| Gross Margin % | 7.0% | 34.7% | 41.0% | 36.4% | 36.6% |
| Total Operating Cost | 201.0M | 398.0M | 544.0M | 649.0M | 551.0M |
| Selling Expenses | 2.2M | 5.4M | 12.5M | 15.8M | 11.6M |
| Admin Expenses | 24.8M | 50.9M | 52.5M | 45.4M | 34.0M |
| Rd Expenses | 13.6M | 23.8M | 35.2M | 38.4M | 39.4M |
| Finance Expenses | -9.0M | -5.9M | -6.8M | -9.8M | -15.9M |
| Operating Income | -24.0M | 93.6M | 144.0M | 197.0M | 162.0M |
| Operating Margin % | -14.0% | 20.4% | 21.7% | 23.8% | 23.0% |
| Non Operating Income | 2.5M | 1.00 | 23,700 | 1,900 | 14,500 |
| Non Operating Expenses | 676,200 | 142.0M | 304,200 | 5.8M | 219,300 |
| Investment Income | -- | 26.2M | 13.3M | 11.1M | 2.1M |
| Fair Value Change Income | -- | 182,700 | -- | -- | -- |
| Asset Disposal Income | 59,000 | -610,600 | 467,300 | 42,600 | 486,100 |
| Asset Impairment Loss | 888,800 | 11.5M | 59.7M | 16.5M | 27.2M |
| Other Income | 5.9M | 7.5M | 12.0M | 7.0M | 7.4M |
| Income Before Tax | -22.1M | -47.9M | 144.0M | 191.0M | 162.0M |
| Income Tax | -2.6M | 24.6M | 28.0M | 29.0M | 24.0M |
| Net Income | -19.5M | -72.5M | 116.0M | 162.0M | 138.0M |
| Net Margin % | -11.4% | -15.8% | 17.5% | 19.6% | 19.6% |
| Net Income Attributable | -18.2M | -72.5M | 117.0M | 167.0M | 137.0M |
| Minority Interest | -1.3M | -79,000 | -994,100 | -5.0M | 1.4M |
| Eps Basic | -0.04 | -0.14 | 0.22 | 0.32 | 0.26 |
| Eps Diluted | -0.04 | -0.14 | 0.22 | 0.32 | 0.26 |
| 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 | 802.0M | 758.0M | 959.0M | 818.0M | 792.0M |
| Trading Financial Assets | -- | -- | 50.0M | 50.0M | -- |
| Accounts Receivable | 39.5M | 23.4M | 73.1M | 215.0M | 136.0M |
| Notes Receivable | 1.5M | 3,600 | -- | -- | -- |
| Notes And Accounts Receivable | 41.0M | 23.4M | 73.1M | 215.0M | 136.0M |
| Prepayments | 536,900 | 361,000 | 454,400 | 2.5M | 1.0M |
| Inventory | 19.6M | 32.0M | 117.0M | 120.0M | 150.0M |
| Total Current Assets | 1.0B | 1.0B | 1.2B | 1.3B | 1.1B |
| Fixed Assets | 268.0M | 292.0M | 450.0M | 520.0M | 550.0M |
| Fixed Assets Total | 268.0M | 292.0M | 450.0M | 520.0M | 550.0M |
| Construction In Progress | 11.4M | 10.8M | 10.7M | 79,800 | 6.8M |
| Construction In Progress Total | 11.4M | 10.8M | 10.7M | 79,800 | 6.8M |
| Intangible Assets | 24.4M | 26.0M | 35.3M | 36.3M | 32.3M |
| Long Term Deferred Expenses | 8.4M | 8.9M | 11.0M | 13.3M | 12.3M |
| Total Non Current Assets | 350.0M | 385.0M | 642.0M | 626.0M | 707.0M |
| Total Assets | 1.4B | 1.4B | 1.9B | 1.9B | 1.8B |
| Short Term Borrowings | -- | -- | -- | -- | -- |
| Accounts Payable | 25.7M | 36.9M | 108.0M | 163.0M | 145.0M |
| Advance Receipts | 466,000 | 382,100 | 410,900 | 958,900 | 1.1M |
| Contract Liabilities | 1.2M | -- | -- | 1,900 | 604,400 |
| Total Current Liabilities | 77.3M | 134.0M | 296.0M | 403.0M | 473.0M |
| Long Term Borrowings | -- | -- | -- | -- | -- |
| Total Non Current Liabilities | 14.5M | 17.7M | 29.8M | 33.7M | 35.7M |
| Total Liabilities | 91.8M | 151.0M | 326.0M | 436.0M | 509.0M |
| Paid In Capital | 524.0M | 524.0M | 524.0M | 524.0M | 380.0M |
| Capital Reserve | 281.0M | 262.0M | 262.0M | 262.0M | 468.0M |
| Surplus Reserve | 95.7M | 95.7M | 62.4M | 51.4M | 40.0M |
| Retained Earnings | 493.0M | 511.0M | 692.0M | 586.0M | 506.0M |
| Minority Equity | 6.8M | 8.1M | 15.8M | 18.0M | 33.2M |
| Equity Attributable | 1.3B | 1.2B | 1.5B | 1.4B | 1.3B |
| Total Equity | 1.3B | 1.2B | 1.6B | 1.4B | 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 | 165.0M | 510.0M | 849.0M | 869.0M | 712.0M |
| Tax Refunds Received | -- | -- | 1.5M | 10.6M | -- |
| Total Operating Cash Inflow | 180.0M | 518.0M | 867.0M | 897.0M | 741.0M |
| Cash Paid For Goods | 158.0M | 275.0M | 413.0M | 466.0M | 308.0M |
| Cash Paid To Employees | 38.4M | 78.6M | 100.0M | 101.0M | 99.9M |
| Taxes Paid | 26.2M | 63.2M | 101.0M | 68.6M | 47.3M |
| Total Operating Cash Outflow | 266.0M | 577.0M | 636.0M | 670.0M | 477.0M |
| Operating Cash Flow | -86.0M | -58.6M | 231.0M | 227.0M | 264.0M |
| Total Investing Cash Inflow | 52.9M | 2.8B | 2.5B | 2.2B | 402.0M |
| Total Investing Cash Outflow | 4.2M | 2.7B | 2.5B | 2.2B | 480.0M |
| Investing Cash Flow | 48.7M | 83.5M | -80.4M | -56.5M | -78.1M |
| Cash From Borrowings | -- | -- | -- | -- | -- |
| Dividends And Interest Paid | -- | 75.4M | 1.2M | 80.2M | 37.3M |
| Debt Repayments | -- | -- | -- | -- | -- |
| Total Financing Cash Inflow | 52.6M | -- | -- | -- | 6.5M |
| Total Financing Cash Outflow | 594,000 | 226.0M | 9.9M | 144.0M | 37.5M |
| Financing Cash Flow | 52.0M | -226.0M | -9.9M | -144.0M | -31.0M |
| Net Change In Cash | 14.7M | -201.0M | 141.0M | 26.0M | 155.0M |
| Ending Cash Balance | 773.0M | 758.0M | 959.0M | 818.0M | 792.0M |
| Capex | 4.2M | 4.2M | 22.8M | 17.7M | 53.4M |