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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 370.0M | 338.0M | 296.0M | 396.0M | 406.0M | 429.0M | 608.0M | 559.0M | 536.0M | 549.0M | 570.0M | 484.0M | 355.0M |
| Revenue Growth % | 9.5% | 14.2% | -25.3% | -2.5% | -5.4% | -29.4% | 8.8% | 4.3% | -2.4% | -3.7% | 17.8% | 36.3% | -- |
| Total Revenue | 370.0M | 338.0M | 296.0M | 396.0M | 406.0M | 429.0M | 608.0M | 559.0M | 536.0M | 549.0M | 570.0M | 484.0M | 355.0M |
| Cost Of Revenue | 350.0M | 313.0M | 278.0M | 353.0M | 359.0M | 355.0M | 512.0M | 458.0M | 438.0M | 452.0M | 475.0M | 402.0M | 306.0M |
| Gross Profit | 20.0M | 25.0M | 18.0M | 43.0M | 47.0M | 74.0M | 96.0M | 101.0M | 98.0M | 97.0M | 95.0M | 82.0M | 49.0M |
| Gross Margin % | 5.4% | 7.4% | 6.1% | 10.9% | 11.6% | 17.2% | 15.8% | 18.1% | 18.3% | 17.7% | 16.7% | 16.9% | 13.8% |
| Total Operating Cost | 512.0M | 420.0M | 354.0M | 399.0M | 417.0M | 411.0M | 576.0M | 515.0M | 488.0M | 504.0M | 522.0M | 439.0M | 333.0M |
| Selling Expenses | 18.0M | 22.5M | 10.8M | 10.3M | 12.6M | 21.4M | 20.2M | 15.1M | 15.2M | 10.7M | 6.6M | 4.8M | 3.5M |
| Admin Expenses | 33.9M | 37.8M | 33.9M | 19.4M | 17.0M | 13.8M | 14.2M | 14.5M | 30.1M | 35.0M | 29.7M | 25.5M | 18.7M |
| Rd Expenses | 12.6M | 16.9M | 8.8M | 13.7M | 13.9M | 13.4M | 21.9M | 20.4M | -- | -- | -- | -- | -- |
| Finance Expenses | 5.4M | -1.6M | -1.8M | -1.1M | 1.4M | -126,000 | 831,500 | 502,200 | 1.6M | 3.6M | 6.0M | 4.5M | 2.3M |
| Operating Income | -142.0M | -81.6M | -55.4M | 4.5M | 7.8M | 27.7M | 41.2M | 47.4M | 48.5M | 44.8M | 48.7M | 45.3M | 21.9M |
| Operating Margin % | -38.4% | -24.2% | -18.7% | 1.1% | 1.9% | 6.4% | 6.8% | 8.5% | 9.1% | 8.2% | 8.5% | 9.4% | 6.2% |
| Non Operating Income | 7,700 | 309,800 | 2,700 | 266,000 | 4,600 | 155,600 | 1.0M | 3.1M | 6.1M | 2.9M | 3.2M | 853,800 | 5.5M |
| Non Operating Expenses | 19.8M | 227,700 | 1.0M | 484,900 | 3.1M | 123,800 | 363,800 | 38,700 | 262,800 | 208,700 | 1.4M | 103,800 | 150,100 |
| Investment Income | -- | -743,300 | 1.4M | 3.4M | 14.8M | 4.4M | 5.9M | 1.1M | -- | -- | -- | 0.00 | 0.00 |
| Fair Value Change Income | -- | -- | -- | 51,900 | 1.6M | 771,000 | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -723,900 | 60,200 | -1,500 | 12,200 | -2,000 | -96,300 | 476,600 | -- | 18,200 | -- | -- | -- | -- |
| Asset Impairment Loss | 41.4M | 8.1M | 58,500 | -- | -- | -- | 4.5M | 4.4M | 688,900 | 1.2M | 3.4M | 1.3M | 2.0M |
| Other Income | 436,400 | 884,700 | 970,000 | 3.7M | 1.7M | 4.4M | 2.8M | 2.6M | -- | -- | -- | -- | -- |
| Income Before Tax | -162.0M | -81.5M | -56.4M | 4.3M | 4.7M | 27.7M | 41.9M | 50.5M | 54.4M | 47.4M | 50.5M | 46.1M | 27.3M |
| Income Tax | 4.0M | -10.0M | -16.2M | -978,200 | -674,800 | 3.4M | 4.5M | 6.5M | 7.1M | 5.7M | 7.1M | 6.9M | 7.1M |
| Net Income | -166.0M | -71.6M | -40.2M | 5.3M | 5.4M | 24.3M | 37.4M | 43.9M | 47.3M | 41.7M | 43.4M | 39.1M | 20.1M |
| Net Margin % | -44.9% | -21.2% | -13.6% | 1.3% | 1.3% | 5.7% | 6.2% | 7.9% | 8.8% | 7.6% | 7.6% | 8.1% | 5.7% |
| Net Income Attributable | -166.0M | -70.1M | -39.1M | 6.4M | 6.3M | 24.4M | 37.4M | 43.9M | 47.3M | 41.7M | 43.4M | 39.1M | 20.1M |
| Minority Interest | -26,300 | -1.5M | -1.1M | -1.1M | -897,500 | -108,200 | -12,800 | -- | -- | -- | -- | -- | -- |
| Eps Basic | -0.46 | -0.19 | -0.11 | 0.02 | 0.02 | 0.12 | 0.19 | 0.36 | 0.44 | 0.39 | 0.42 | 0.39 | 0.20 |
| Eps Diluted | -0.46 | -0.19 | -0.11 | 0.02 | 0.02 | 0.12 | 0.19 | 0.36 | 0.44 | 0.39 | 0.42 | 0.39 | 0.20 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 33.9M | 68.3M | 163.0M | 141.0M | 78.1M | 67.3M | 115.0M | 105.0M | 41.6M | 36.3M | 22.9M | 19.1M | 5.5M |
| Trading Financial Assets | -- | -- | -- | 85.1M | 153.0M | 166.0M | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 86.6M | 91.2M | 114.0M | 157.0M | 182.0M | 185.0M | 198.0M | 162.0M | 128.0M | 125.0M | 117.0M | 69.9M | 49.9M |
| Notes Receivable | 14.2M | 6.1M | 20.7M | 30.2M | 30.6M | 19.5M | 3.6M | 10.3M | 7.6M | 9.5M | 11.8M | 14.8M | 8.9M |
| Notes And Accounts Receivable | 101.0M | 97.3M | 135.0M | 188.0M | 213.0M | 204.0M | 202.0M | 173.0M | 136.0M | 134.0M | 129.0M | 84.7M | 58.8M |
| Prepayments | 2.9M | 25.2M | 12.6M | 3.7M | 5.6M | 8.6M | 22.2M | 13.4M | 23.5M | 14.8M | 23.7M | 22.4M | 22.8M |
| Inventory | 31.8M | 51.3M | 33.7M | 21.9M | 32.3M | 26.6M | 34.0M | 38.3M | 38.8M | 32.6M | 41.5M | 51.8M | 55.1M |
| Total Current Assets | 189.0M | 307.0M | 377.0M | 446.0M | 486.0M | 476.0M | 527.0M | 483.0M | 244.0M | 220.0M | 217.0M | 181.0M | 153.0M |
| Fixed Assets | -- | 88.9M | -- | -- | 68.6M | 53.8M | 52.6M | 56.2M | 62.2M | 67.5M | 72.9M | 44.1M | 41.0M |
| Fixed Assets Total | 65.7M | 88.9M | 98.6M | 61.5M | 68.6M | 53.8M | 52.6M | 56.2M | 62.2M | 67.5M | 72.9M | 44.1M | 41.0M |
| Construction In Progress | -- | 580,000 | -- | -- | -- | 15.1M | 178,800 | 2.7M | 124,200 | 860,300 | -- | 2.9M | 5.6M |
| Construction In Progress Total | 131,100 | 580,000 | 269,500 | -- | -- | 15.1M | 178,800 | 2.7M | 124,200 | 860,300 | -- | 2.9M | 5.6M |
| Intangible Assets | 13.9M | 14.3M | 21.7M | 22.1M | 23.0M | 24.4M | 14.9M | 28.5M | 29.2M | 29.7M | 16.3M | 10.5M | 10.7M |
| Long Term Deferred Expenses | 15.3M | 38.8M | 20.6M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Assets | 146.0M | 222.0M | 177.0M | 103.0M | 99.3M | 105.0M | 73.5M | 90.7M | 93.7M | 100.0M | 90.6M | 66.2M | 59.5M |
| Total Assets | 335.0M | 529.0M | 553.0M | 549.0M | 585.0M | 581.0M | 600.0M | 574.0M | 338.0M | 320.0M | 308.0M | 247.0M | 212.0M |
| Short Term Borrowings | 10.5M | 10.6M | -- | -- | 10.0M | 14.2M | -- | 10.0M | 29.9M | 25.7M | 45.0M | 40.0M | 49.9M |
| Accounts Payable | 13.2M | 7.4M | 17.6M | 256,500 | 2.0M | 3.1M | 3.8M | 3.4M | 5.0M | 4.0M | 10.9M | 5.3M | 1.7M |
| Advance Receipts | -- | -- | -- | -- | -- | 823,000 | 7.2M | 2.0M | 8.1M | 14.4M | 8.7M | 16.1M | 32.4M |
| Contract Liabilities | 729,800 | 14.0M | 11.1M | 182,000 | 1.5M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 44.5M | 96.8M | 41.0M | 5.7M | 51.2M | 44.4M | 63.2M | 54.2M | 76.8M | 80.8M | 113.0M | 84.7M | 92.4M |
| Total Non Current Liabilities | 26.6M | 2.4M | 2.7M | 6.5M | 320,100 | 355,800 | 95,300 | 111,200 | 216,000 | 584,500 | 433,300 | -- | -- |
| Total Liabilities | 71.0M | 99.3M | 43.7M | 12.2M | 51.5M | 44.8M | 63.3M | 54.4M | 77.1M | 81.4M | 113.0M | 84.7M | 92.4M |
| Paid In Capital | 361.0M | 361.0M | 362.0M | 362.0M | 279.0M | 200.0M | 144.0M | 144.0M | 108.0M | 108.0M | 108.0M | 100.0M | 100.0M |
| Capital Reserve | 25.6M | 7.3M | 9.1M | 24.3M | 107.0M | 186.0M | 243.0M | 243.0M | 66.5M | 66.5M | 66.5M | -- | -- |
| Surplus Reserve | 23.2M | 23.2M | 23.2M | 23.2M | 22.4M | 21.1M | 18.7M | 14.9M | 10.4M | 5.5M | 1.3M | 5.8M | 1.9M |
| Retained Earnings | -150.0M | 15.1M | 85.1M | 126.0M | 123.0M | 128.0M | 115.0M | 103.0M | 63.9M | 48.5M | 11.1M | 52.0M | 16.8M |
| Minority Equity | 166,600 | 207,000 | 7.2M | 8.2M | 9.4M | 10.3M | 333,200 | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 264.0M | 430.0M | 502.0M | 528.0M | 524.0M | 526.0M | 537.0M | 520.0M | 261.0M | 238.0M | 195.0M | 162.0M | 120.0M |
| Total Equity | 264.0M | 430.0M | 510.0M | 536.0M | 534.0M | 537.0M | 537.0M | 520.0M | 261.0M | 238.0M | 195.0M | 162.0M | 120.0M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 382.0M | 403.0M | 337.0M | 464.0M | 451.0M | 474.0M | 678.0M | 604.0M | 601.0M | 589.0M | 535.0M | 438.0M | 343.0M |
| Tax Refunds Received | -- | -- | 1.7M | -- | 66,200 | 92,000 | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 386.0M | 409.0M | 344.0M | 472.0M | 454.0M | 479.0M | 683.0M | 611.0M | 607.0M | 593.0M | 547.0M | 442.0M | 349.0M |
| Cash Paid For Goods | 337.0M | 372.0M | 274.0M | 408.0M | 390.0M | 389.0M | 571.0M | 507.0M | 497.0M | 447.0M | 444.0M | 355.0M | 314.0M |
| Cash Paid To Employees | 35.0M | 38.8M | 23.5M | 21.2M | 17.7M | 17.1M | 18.0M | 14.2M | 13.8M | 13.0M | 11.2M | 9.7M | 6.9M |
| Taxes Paid | 5.5M | 2.5M | 4.0M | 8.7M | 13.7M | 16.2M | 25.2M | 24.4M | 24.3M | 31.8M | 18.5M | 17.6M | 9.2M |
| Total Operating Cash Outflow | 421.0M | 453.0M | 324.0M | 460.0M | 451.0M | 462.0M | 656.0M | 585.0M | 570.0M | 530.0M | 497.0M | 420.0M | 346.0M |
| Operating Cash Flow | -35.8M | -43.9M | 19.2M | 11.6M | 2.9M | 16.9M | 27.6M | 25.8M | 37.1M | 63.7M | 49.8M | 22.4M | 3.4M |
| Total Investing Cash Inflow | -- | 13,900 | 877.0M | 1.2B | 572.0M | 545.0M | 579.0M | 1.1M | 500,000 | 31,000 | -- | -- | 6.0M |
| Total Investing Cash Outflow | 102,500 | 70.7M | 857.0M | 1.2B | 546.0M | 581.0M | 565.0M | 155.0M | 7.9M | 24.4M | 28.4M | 11.6M | 54.9M |
| Investing Cash Flow | -102,500 | -70.7M | 19.7M | 69.3M | 26.7M | -35.4M | 14.6M | -154.0M | -7.4M | -24.3M | -28.4M | -11.6M | -48.9M |
| Cash From Borrowings | 33.9M | 55.0M | -- | -- | 69.7M | 64.4M | 40.0M | 26.0M | 60.2M | 85.0M | 55.0M | 40.0M | 49.9M |
| Dividends And Interest Paid | 1.3M | 1.5M | 2.2M | 2.2M | 11.2M | 10.5M | 22.4M | 506,700 | 28.2M | 5.6M | 40.6M | 3.3M | 2.2M |
| Debt Repayments | 65.9M | 15.0M | -- | 10.0M | 79.7M | 50.2M | 50.0M | 45.9M | 56.1M | 104.0M | 50.0M | 49.9M | -- |
| Total Financing Cash Inflow | 98.6M | 81.5M | 14.2M | -- | 69.7M | 64.4M | 40.3M | 248.0M | 60.2M | 85.0M | 80.6M | 40.0M | 49.9M |
| Total Financing Cash Outflow | 97.6M | 62.1M | 30.7M | 12.2M | 90.9M | 86.1M | 77.4M | 55.1M | 84.2M | 110.0M | 90.6M | 53.2M | 2.2M |
| Financing Cash Flow | 920,600 | 19.3M | -16.6M | -12.2M | -21.2M | -21.6M | -37.0M | 192.0M | -24.0M | -24.9M | -10.0M | -13.2M | 47.7M |
| Net Change In Cash | -34.9M | -95.1M | 22.6M | 68.7M | 8.4M | -40.0M | 5.1M | 64.0M | 5.6M | 14.4M | 11.4M | -2.3M | 2.2M |
| Ending Cash Balance | 33.4M | 68.3M | 163.0M | 141.0M | 72.1M | 63.7M | 104.0M | 98.6M | 34.6M | 29.0M | 14.5M | 3.1M | 5.5M |
| Capex | 102,500 | 70.7M | 67.2M | 2.1M | 3.1M | 27.7M | 4.7M | 5.3M | 5.2M | 24.4M | 28.4M | 11.6M | 54.9M |