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 | FY 2011Dec 31, 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.9B | 2.6B | 1.8B | 3.2B | 4.1B | 2.6B | 1.4B | 397.0M | 489.0M | 2.7B | 2.3B | 1.2B | 818.0M | 731.0M | 348.0M |
| Revenue Growth % | -28.0% | 46.7% | -44.1% | -21.2% | 58.2% | 90.5% | 241.1% | -18.8% | -81.8% | 17.0% | 85.9% | 50.9% | 11.9% | 110.1% | -- |
| Total Revenue | 1.9B | 2.6B | 1.8B | 3.2B | 4.1B | 2.6B | 1.4B | 397.0M | 489.0M | 2.7B | 2.3B | 1.2B | 818.0M | 731.0M | 348.0M |
| Cost Of Revenue | 1.5B | 2.2B | 1.6B | 2.8B | 3.6B | 2.3B | 1.2B | 343.0M | 378.0M | 2.0B | 1.8B | 927.0M | 614.0M | 561.0M | 266.0M |
| Gross Profit | 370.0M | 428.0M | 152.0M | 378.0M | 437.0M | 259.0M | 171.0M | 54.0M | 111.0M | 664.0M | 498.0M | 307.0M | 204.0M | 170.0M | 82.0M |
| Gross Margin % | 19.5% | 16.2% | 8.4% | 11.8% | 10.7% | 10.0% | 12.6% | 13.6% | 22.7% | 24.7% | 21.7% | 24.9% | 24.9% | 23.3% | 23.6% |
| Total Operating Cost | 1.9B | 2.5B | 1.9B | 3.2B | 3.9B | 2.5B | 1.4B | 436.0M | 432.0M | 2.4B | 2.0B | 1.1B | 731.0M | 660.0M | 309.0M |
| Selling Expenses | 28.8M | 19.7M | 20.3M | 6.4M | 4.1M | 5.3M | 9.3M | 6.7M | 7.8M | 14.5M | 8.7M | 6.2M | 5.9M | 1.6M | 992,800 |
| Admin Expenses | 74.0M | 67.3M | 68.8M | 77.8M | 73.6M | 69.2M | 66.9M | 52.7M | 48.2M | 168.0M | 158.0M | 102.0M | 80.6M | 71.7M | 33.6M |
| Rd Expenses | 81.3M | 119.0M | 105.0M | 165.0M | 190.0M | 126.0M | 58.9M | 31.2M | 41.4M | -- | -- | -- | -- | -- | -- |
| Finance Expenses | -56.8M | -1.9M | 34.2M | 97.4M | -2.1M | -37.7M | 16.2M | -25.9M | -86.7M | 181.0M | 64.1M | 27.8M | 32.2M | 18.1M | 2.5M |
| Operating Income | 66.1M | 110.0M | -106.0M | 47.6M | 165.0M | 141.0M | 26.7M | 11.6M | 122.0M | 262.0M | 244.0M | 159.0M | 87.1M | 71.1M | 48.6M |
| Operating Margin % | 3.5% | 4.2% | -5.9% | 1.5% | 4.0% | 5.5% | 2.0% | 2.9% | 24.9% | 9.8% | 10.6% | 12.9% | 10.6% | 9.7% | 14.0% |
| Non Operating Income | 4.1M | 4.0M | 4.5M | 4.2M | 3.6M | 2.1M | 2.2M | 914,600 | 5.4M | 10.3M | 9.6M | 7.6M | 7.6M | 5.2M | 1.4M |
| Non Operating Expenses | 3.5M | 6.2M | 601,900 | 3.5M | 6.0M | 3.9M | 459,800 | 346,900 | 513,600 | 4.0M | 2.1M | 3.0M | 1,800 | 31,700 | 1.8M |
| Investment Income | 7.0M | -29.1M | 91,500 | 50.9M | 6.8M | 7.7M | 16.9M | 30.8M | 24.3M | 841,400 | 23,400 | 239,900 | 186,300 | -21,000 | 9.2M |
| Fair Value Change Income | 3.0M | 12.7M | -10.8M | -4.7M | 7.9M | 41.6M | 665,800 | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -37,900 | 79,800 | 1,400 | -- | 17,600 | -31,100 | -225,800 | -208,300 | -916,600 | -75,900 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 110.0M | 29.5M | 5.8M | -1.2M | 8.8M | -571,200 | -11.7M | 14.2M | 5.9M | 3.4M | 22.6M | 10.2M | -7.1M | 5.5M | 2.2M |
| Other Income | 10.4M | 8.9M | 10.4M | 9.2M | 9.4M | 12.2M | 10.1M | 20.2M | 41.5M | -- | -- | -- | -- | -- | -- |
| Income Before Tax | 66.7M | 108.0M | -102.0M | 48.4M | 162.0M | 139.0M | 28.4M | 12.2M | 127.0M | 268.0M | 251.0M | 164.0M | 94.7M | 76.3M | 48.2M |
| Income Tax | 5.3M | 7.8M | -26.5M | -16.2M | -3.8M | 7.3M | -6.3M | 5.0M | 16.8M | 35.5M | 32.2M | 19.3M | 17.2M | 8.3M | 9.4M |
| Net Income | 61.4M | 101.0M | -75.5M | 64.6M | 166.0M | 132.0M | 34.7M | 7.2M | 110.0M | 233.0M | 219.0M | 145.0M | 77.5M | 67.9M | 38.8M |
| Net Margin % | 3.2% | 3.8% | -4.2% | 2.0% | 4.1% | 5.1% | 2.6% | 1.8% | 22.5% | 8.7% | 9.5% | 11.8% | 9.5% | 9.3% | 11.1% |
| Net Income Attributable | 61.4M | 101.0M | -75.5M | 64.6M | 166.0M | 132.0M | 34.7M | 7.2M | 110.0M | 233.0M | 219.0M | 145.0M | 77.5M | 67.9M | 39.2M |
| Minority Interest | 60.00 | 200.00 | 300.00 | 200.00 | 400.00 | 400.00 | -- | -- | -- | -- | -- | -- | -- | -- | -433,600 |
| Eps Basic | 0.22 | 0.36 | -0.27 | 0.23 | 0.67 | 0.58 | 0.15 | 0.03 | 0.47 | 1.29 | 1.25 | 0.82 | 0.44 | 0.45 | -- |
| Eps Diluted | 0.22 | 0.36 | -0.27 | 0.23 | 0.67 | 0.58 | 0.15 | 0.03 | 0.47 | 1.29 | 1.25 | 0.82 | 0.44 | 0.45 | -- |
| 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 | FY 2011Dec 31, 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 607.0M | 833.0M | 2.0B | 2.0B | 1.5B | 631.0M | 486.0M | 255.0M | 579.0M | 1.5B | 242.0M | 125.0M | 128.0M | 189.0M | 126.0M |
| Trading Financial Assets | 627.0M | -- | -- | 73,200 | 103.0M | 233.0M | 121.0M | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 411.0M | 520.0M | 317.0M | 95.8M | 447.0M | 343.0M | 204.0M | 279.0M | 122.0M | 244.0M | 332.0M | 139.0M | 113.0M | 58.7M | 99.4M |
| Notes Receivable | -- | -- | -- | 500,000 | 220,600 | -- | 6.0M | 229,600 | -- | -- | -- | -- | -- | -- | -- |
| Notes And Accounts Receivable | 411.0M | 520.0M | 317.0M | 96.3M | 447.0M | 343.0M | 210.0M | 279.0M | 122.0M | 244.0M | 332.0M | 139.0M | 113.0M | 58.7M | 99.4M |
| Prepayments | 54.7M | 144.0M | 34.8M | 72.3M | 131.0M | 262.0M | 55.7M | 52.2M | 10.3M | 22.6M | 80.5M | 38.1M | 13.6M | 31.5M | 31.1M |
| Inventory | 200.0M | 232.0M | 170.0M | 305.0M | 398.0M | 244.0M | 530.0M | 245.0M | 64.4M | 106.0M | 468.0M | 164.0M | 162.0M | 146.0M | 16.5M |
| Total Current Assets | 3.1B | 3.9B | 3.3B | 3.5B | 3.6B | 2.4B | 1.5B | 1.7B | 1.7B | 2.2B | 1.2B | 504.0M | 469.0M | 438.0M | 323.0M |
| Long Term Equity Investment | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 36.6M |
| Fixed Assets | 872.0M | 962.0M | 936.0M | 1.0B | 1.2B | 1.0B | 745.0M | 760.0M | 830.0M | 904.0M | 907.0M | 664.0M | 624.0M | 451.0M | 280.0M |
| Fixed Assets Total | 872.0M | 962.0M | 936.0M | 1.0B | 1.2B | 1.0B | 745.0M | 760.0M | 830.0M | 904.0M | 907.0M | 664.0M | 624.0M | 451.0M | 280.0M |
| Construction In Progress | 9.7M | 8.5M | 28.0M | 2.1M | 6.4M | 139.0M | 171.0M | 7.1M | 2.1M | 1.4M | 31.9M | 113.0M | 82.0M | 43.4M | 61.7M |
| Construction In Progress Total | 9.7M | 8.5M | 28.0M | 2.1M | 6.4M | 139.0M | 171.0M | 7.1M | 2.1M | 1.4M | 31.9M | 113.0M | 82.0M | 43.4M | 61.7M |
| Intangible Assets | 418.0M | 428.0M | 439.0M | 451.0M | 462.0M | 402.0M | 411.0M | 334.0M | 252.0M | 261.0M | 267.0M | 272.0M | 207.0M | 209.0M | 112.0M |
| Long Term Deferred Expenses | 3.8M | 3.4M | 82,500 | 129,700 | -- | -- | -- | -- | -- | -- | 78,800 | 213,800 | 348,800 | 1.1M | 2.0M |
| Total Non Current Assets | 1.4B | 1.5B | 1.5B | 1.6B | 1.7B | 1.8B | 1.6B | 1.1B | 1.1B | 1.2B | 1.2B | 1.1B | 944.0M | 812.0M | 567.0M |
| Total Assets | 4.5B | 5.4B | 4.8B | 5.2B | 5.3B | 4.2B | 3.2B | 2.8B | 2.8B | 3.4B | 2.4B | 1.6B | 1.4B | 1.2B | 891.0M |
| Short Term Borrowings | 100.0M | 598.0M | 280.0M | 900.0M | 620.0M | 370.0M | 79.0M | -- | -- | -- | 246.0M | 155.0M | 169.0M | 129.0M | 41.8M |
| Accounts Payable | 857.0M | 1.3B | 506.0M | 456.0M | 1.1B | 398.0M | 375.0M | 191.0M | 242.0M | 535.0M | 481.0M | 232.0M | 223.0M | 171.0M | 145.0M |
| Advance Receipts | -- | -- | -- | 41,800 | -- | -- | 209.0M | 61.8M | 3.6M | 75.5M | 265.0M | 92.2M | 41.2M | 49.7M | 37.3M |
| Contract Liabilities | 33.6M | 377,300 | 247.0M | 14.7M | -- | 838.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 1.2B | 2.1B | 1.5B | 1.5B | 1.8B | 1.7B | 729.0M | 289.0M | 304.0M | 884.0M | 1.3B | 598.0M | 537.0M | 418.0M | 254.0M |
| Long Term Borrowings | -- | -- | -- | 200.0M | -- | -- | -- | -- | -- | -- | 40.0M | 80.0M | 120.0M | 150.0M | 200.0M |
| Total Non Current Liabilities | 69.9M | 67.4M | 77.9M | 280.0M | 134.0M | 91.1M | 92.3M | 99.6M | 105.0M | 142.0M | 172.0M | 186.0M | 230.0M | 264.0M | 260.0M |
| Total Liabilities | 1.3B | 2.2B | 1.6B | 1.8B | 1.9B | 1.8B | 821.0M | 389.0M | 409.0M | 1.0B | 1.4B | 784.0M | 767.0M | 682.0M | 514.0M |
| Paid In Capital | 282.0M | 282.0M | 282.0M | 282.0M | 288.0M | 234.0M | 234.0M | 234.0M | 234.0M | 234.0M | 175.0M | 175.0M | 175.0M | 175.0M | 71.4M |
| Capital Reserve | 2.1B | 2.1B | 2.1B | 2.1B | 2.2B | 1.5B | 1.5B | 1.5B | 1.5B | 1.5B | 406.0M | 406.0M | 406.0M | 406.0M | 304,800 |
| Surplus Reserve | 95.0M | 94.5M | 85.0M | 80.1M | 78.7M | 63.5M | 52.4M | 52.4M | 40.7M | 35.5M | 33.8M | 21.4M | 5.9M | -- | 19.9M |
| Retained Earnings | 749.0M | 757.0M | 708.0M | 831.0M | 838.0M | 744.0M | 649.0M | 621.0M | 661.0M | 626.0M | 395.0M | 188.0M | 59.0M | -12.7M | 285.0M |
| Minority Equity | 151,500 | 151,400 | 151,200 | 150,900 | 150,700 | 150,400 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 3.2B | 3.2B | 3.2B | 3.3B | 3.3B | 2.4B | 2.3B | 2.4B | 2.4B | 2.4B | 1.0B | 791.0M | 646.0M | 568.0M | 377.0M |
| Total Equity | 3.2B | 3.2B | 3.2B | 3.3B | 3.3B | 2.4B | 2.3B | 2.4B | 2.4B | 2.4B | 1.0B | 791.0M | 646.0M | 568.0M | 377.0M |
| 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 | FY 2011Dec 31, 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 2.1B | 1.9B | 1.9B | 3.5B | 3.0B | 2.5B | 1.3B | 205.0M | 581.0M | 2.7B | 1.8B | 1.2B | 682.0M | 720.0M | 344.0M |
| Tax Refunds Received | 221.0M | 57.7M | 144.0M | 414.0M | 276.0M | 173.0M | 34.3M | 1.1M | 35.5M | 206.0M | 151.0M | 95.4M | 34.1M | 45.1M | 3.8M |
| Total Operating Cash Inflow | 2.3B | 2.0B | 2.1B | 4.1B | 3.3B | 2.7B | 1.4B | 225.0M | 698.0M | 2.9B | 2.0B | 1.3B | 720.0M | 770.0M | 352.0M |
| Cash Paid For Goods | 1.8B | 1.6B | 1.2B | 3.3B | 3.2B | 2.0B | 988.0M | 411.0M | 599.0M | 1.7B | 1.5B | 795.0M | 371.0M | 560.0M | 243.0M |
| Cash Paid To Employees | 324.0M | 302.0M | 269.0M | 296.0M | 304.0M | 223.0M | 165.0M | 110.0M | 133.0M | 187.0M | 160.0M | 113.0M | 73.5M | 56.7M | 31.4M |
| Taxes Paid | 22.2M | 7.7M | 65.8M | 15.3M | 13.5M | 14.0M | 12.6M | 34.0M | 71.2M | 52.8M | 46.8M | 34.3M | 23.8M | 24.2M | 35.2M |
| Total Operating Cash Outflow | 2.2B | 2.0B | 1.6B | 3.7B | 3.6B | 2.3B | 1.4B | 592.0M | 854.0M | 2.1B | 1.8B | 990.0M | 510.0M | 690.0M | 329.0M |
| Operating Cash Flow | 117.0M | 11.9M | 515.0M | 404.0M | -327.0M | 383.0M | -44.7M | -367.0M | -156.0M | 776.0M | 215.0M | 280.0M | 210.0M | 79.0M | 23.1M |
| Total Investing Cash Inflow | 863.0M | 7.1M | 654,800 | 163.0M | 233.0M | 17.3M | 663.0M | 180.0M | 38.8M | 2.4M | 18.3M | 17.4M | 742,500 | 102.0M | 73.1M |
| Total Investing Cash Outflow | 642.0M | 992.0M | 41.0M | 54.7M | 188.0M | 557.0M | 345.0M | 114.0M | 706.0M | 300.0M | 155.0M | 232.0M | 252.0M | 277.0M | 172.0M |
| Investing Cash Flow | 221.0M | -985.0M | -40.3M | 109.0M | 44.6M | -540.0M | 318.0M | 66.3M | -667.0M | -298.0M | -137.0M | -214.0M | -252.0M | -175.0M | -99.3M |
| Cash From Borrowings | 200.0M | 598.0M | 200.0M | 680.0M | 620.0M | 382.0M | 79.0M | -- | -- | 136.0M | 372.0M | 337.0M | 241.0M | 350.0M | 107.0M |
| Dividends And Interest Paid | 72.5M | 48.6M | 54.5M | 93.4M | 57.2M | 32.9M | 7.6M | 35.1M | 70.2M | 10.0M | 20.4M | 19.9M | 21.1M | 110.0M | 15.5M |
| Debt Repayments | 698.0M | 680.0M | 620.0M | 200.0M | 370.0M | 20.0M | 0.00 | -- | -- | 464.0M | 321.0M | 382.0M | 232.0M | 283.0M | 79.3M |
| Total Financing Cash Inflow | 213.0M | 598.0M | 255.0M | 910.0M | 1.4B | 396.0M | 79.5M | 4.2M | 19.2M | 1.4B | 372.0M | 337.0M | 241.0M | 549.0M | 107.0M |
| Total Financing Cash Outflow | 772.0M | 789.0M | 675.0M | 648.0M | 658.0M | 52.9M | 108.0M | 37.9M | 71.9M | 576.0M | 350.0M | 402.0M | 254.0M | 392.0M | 94.8M |
| Financing Cash Flow | -559.0M | -191.0M | -420.0M | 262.0M | 744.0M | 343.0M | -28.8M | -33.7M | -52.7M | 782.0M | 21.9M | -64.9M | -12.3M | 157.0M | 11.9M |
| Net Change In Cash | -214.0M | -1.2B | 58.1M | 879.0M | 448.0M | 152.0M | 235.0M | -319.0M | -927.0M | 1.3B | 109.0M | -2.8M | -61.4M | 63.3M | -62.1M |
| Ending Cash Balance | 607.0M | 820.0M | 2.0B | 2.0B | 1.1B | 626.0M | 473.0M | 239.0M | 558.0M | 1.5B | 234.0M | 125.0M | 128.0M | 189.0M | 126.0M |
| Capex | 17.5M | 107.0M | 41.0M | 15.5M | 188.0M | 335.0M | 345.0M | 103.0M | 25.9M | 120.0M | 115.0M | 231.0M | 239.0M | 277.0M | 172.0M |