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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 469.0M | 595.0M | 578.0M | 504.0M | 507.0M | 470.0M | 506.0M | 424.0M | 382.0M | 295.0M | 239.0M | 213.0M |
| Revenue Growth % | -21.2% | 2.9% | 14.7% | -0.6% | 7.9% | -7.1% | 19.3% | 11.0% | 29.5% | 23.4% | 12.2% | -- |
| Total Revenue | 469.0M | 595.0M | 578.0M | 504.0M | 507.0M | 470.0M | 506.0M | 424.0M | 382.0M | 295.0M | 239.0M | 213.0M |
| Cost Of Revenue | 411.0M | 506.0M | 489.0M | 393.0M | 395.0M | 369.0M | 366.0M | 302.0M | 254.0M | 176.0M | 157.0M | 129.0M |
| Gross Profit | 58.0M | 89.0M | 89.0M | 111.0M | 112.0M | 101.0M | 140.0M | 122.0M | 128.0M | 119.0M | 82.0M | 84.0M |
| Gross Margin % | 12.4% | 15.0% | 15.4% | 22.0% | 22.1% | 21.5% | 27.7% | 28.8% | 33.5% | 40.3% | 34.3% | 39.4% |
| Total Operating Cost | 682.0M | 762.0M | 744.0M | 514.0M | 509.0M | 542.0M | 473.0M | 359.0M | 311.0M | 227.0M | 188.0M | 150.0M |
| Selling Expenses | 12.3M | 24.5M | 32.8M | 20.5M | 22.3M | 20.4M | 15.5M | 12.6M | 12.9M | 9.2M | 6.7M | 5.1M |
| Admin Expenses | 53.6M | 60.6M | 57.2M | 32.9M | 28.7M | 33.4M | 23.9M | 17.3M | 34.9M | 33.7M | 22.6M | 14.0M |
| Rd Expenses | 74.3M | 101.0M | 110.0M | 57.6M | 48.1M | 39.0M | 35.0M | 30.0M | -- | -- | -- | -- |
| Finance Expenses | 18.6M | 14.9M | 8.8M | -1.8M | -254,600 | 134,500 | -7.2M | -781,900 | -429,700 | -628,700 | -838,900 | -651,000 |
| Operating Income | -206.0M | -155.0M | -162.0M | -762,900 | 8.8M | -52.1M | 39.7M | 71.7M | 72.1M | 70.2M | 52.0M | 63.0M |
| Operating Margin % | -43.9% | -26.1% | -28.0% | -0.2% | 1.7% | -11.1% | 7.8% | 16.9% | 18.9% | 23.8% | 21.8% | 29.6% |
| Non Operating Income | 56,800 | 880,900 | 162,700 | 391,200 | 133,000 | 127,900 | 99,500 | 20,700 | 1.9M | 1.8M | 4.0M | 490,000 |
| Non Operating Expenses | 1.5M | 35,100 | 652,600 | 73,800 | 431,500 | 393,300 | 4,200 | 200.00 | 30,300 | 753,600 | 313,300 | 503,200 |
| Investment Income | 17,700 | -205,900 | -235,200 | 1.3M | 3.8M | 5.0M | 1.6M | 1.1M | 1.4M | 2.3M | 1.3M | 29,700 |
| Fair Value Change Income | -- | -- | -- | -- | -- | 1.9M | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 80,200 | -235,000 | 22,800 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 66.1M | 26.2M | 26.8M | 25,000 | 125,100 | 17.9M | 38.6M | -3.0M | 7.6M | 6.9M | 1.3M | 1.0M |
| Other Income | 6.5M | 12.0M | 3.5M | 8.0M | 6.7M | 12.7M | 5.2M | 5.5M | -- | -- | -- | -- |
| Income Before Tax | -208.0M | -154.0M | -163.0M | -445,400 | 8.5M | -52.3M | 39.8M | 71.7M | 73.9M | 71.3M | 55.6M | 63.0M |
| Income Tax | 1.0M | -8.0M | -7.3M | -4.3M | -3.7M | -11.9M | 3.8M | 9.7M | 11.1M | 11.0M | 8.5M | 16.1M |
| Net Income | -209.0M | -146.0M | -156.0M | 3.8M | 12.2M | -40.5M | 36.0M | 61.9M | 62.8M | 60.3M | 47.1M | 46.9M |
| Net Margin % | -44.6% | -24.5% | -27.0% | 0.8% | 2.4% | -8.6% | 7.1% | 14.6% | 16.4% | 20.4% | 19.7% | 22.0% |
| Net Income Attributable | -178.0M | -108.0M | -126.0M | 7.2M | 12.2M | -40.3M | 36.1M | 62.0M | 63.1M | 60.5M | 47.4M | 47.0M |
| Minority Interest | -30.6M | -37.8M | -29.4M | -3.4M | -- | -182,800 | -140,700 | -88,700 | -288,200 | -150,800 | -242,000 | -42,100 |
| Eps Basic | -1.65 | -1.00 | -1.17 | 0.07 | 0.11 | -0.37 | 0.34 | 0.77 | 1.09 | -- | -- | -- |
| Eps Diluted | -1.65 | -1.00 | -1.17 | 0.07 | 0.11 | -0.37 | 0.34 | 0.77 | 1.09 | -- | -- | -- |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 94.2M | 142.0M | 137.0M | 111.0M | 278.0M | 44.9M | 253.0M | 39.3M | 91.2M | 159.0M | 54.3M | 68.2M |
| Trading Financial Assets | -- | -- | -- | -- | -- | 144.0M | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 226.0M | 311.0M | 325.0M | 246.0M | 201.0M | 257.0M | 302.0M | 202.0M | 123.0M | 89.7M | 77.2M | 54.4M |
| Notes Receivable | 33.3M | 52.0M | 83.5M | 77.9M | -- | -- | 43.5M | 62.4M | 52.0M | 35.6M | 15.2M | 29.7M |
| Notes And Accounts Receivable | 260.0M | 363.0M | 409.0M | 324.0M | 201.0M | 257.0M | 345.0M | 264.0M | 175.0M | 125.0M | 92.5M | 84.2M |
| Prepayments | 31.9M | 44.2M | 71.3M | 92.2M | 77.1M | 86.0M | 60.9M | 57.6M | 18.8M | 28.6M | 50.8M | 35.2M |
| Inventory | 478.0M | 583.0M | 660.0M | 609.0M | 373.0M | 353.0M | 329.0M | 264.0M | 222.0M | 193.0M | 183.0M | 177.0M |
| Total Current Assets | 1.0B | 1.3B | 1.4B | 1.3B | 1.1B | 1.1B | 1.0B | 640.0M | 535.0M | 528.0M | 450.0M | 393.0M |
| Fixed Assets | -- | 78.2M | 90.9M | 96.6M | 62.8M | 69.1M | 36.3M | 7.4M | 8.6M | 9.2M | 6.5M | 2.8M |
| Fixed Assets Total | 72.2M | 78.2M | 90.9M | 96.6M | 62.8M | 69.1M | 36.3M | 7.4M | 8.6M | 9.2M | 6.5M | 2.8M |
| Construction In Progress | -- | 15.1M | 14.1M | 13.2M | 39.9M | 30.4M | 3.1M | 17.7M | 2.1M | 402,000 | -- | -- |
| Construction In Progress Total | 8.4M | 15.1M | 14.1M | 13.2M | 39.9M | 30.4M | 3.1M | 17.7M | 2.1M | 402,000 | -- | -- |
| Intangible Assets | 45.4M | 45.7M | 47.2M | 15.3M | 16.2M | 17.4M | 18.1M | 18.3M | 11.7M | 11.9M | 2.1M | -- |
| Long Term Deferred Expenses | 875,100 | 1.9M | 3.0M | 28,500 | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Assets | 174.0M | 211.0M | 261.0M | 192.0M | 146.0M | 142.0M | 67.5M | 49.2M | 27.0M | 24.8M | 11.1M | 5.0M |
| Total Assets | 1.2B | 1.5B | 1.7B | 1.5B | 1.2B | 1.3B | 1.1B | 690.0M | 562.0M | 553.0M | 461.0M | 398.0M |
| Short Term Borrowings | 148.0M | 227.0M | 293.0M | 37.1M | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Payable | 295.0M | 355.0M | 307.0M | 242.0M | 218.0M | 165.0M | 108.0M | 97.5M | 68.7M | 35.1M | 15.2M | 20.5M |
| Advance Receipts | -- | -- | -- | -- | -- | 331.0M | 287.0M | 276.0M | 247.0M | 304.0M | 301.0M | 245.0M |
| Contract Liabilities | 255.0M | 242.0M | 283.0M | 252.0M | 219.0M | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 996.0M | 1.0B | 1.2B | 838.0M | 651.0M | 673.0M | 473.0M | 387.0M | 331.0M | 383.0M | 338.0M | 343.0M |
| Long Term Borrowings | 101.0M | 192.0M | 30.0M | -- | -- | -- | -- | 9.9M | -- | -- | -- | -- |
| Total Non Current Liabilities | 102.0M | 195.0M | 53.5M | 21.9M | 1.3M | 1.7M | -- | 11.9M | 2.0M | 3.5M | 1.5M | -- |
| Total Liabilities | 1.1B | 1.2B | 1.3B | 860.0M | 653.0M | 675.0M | 473.0M | 399.0M | 333.0M | 386.0M | 340.0M | 343.0M |
| Paid In Capital | 108.0M | 108.0M | 108.0M | 108.0M | 108.0M | 108.0M | 108.0M | 57.9M | 57.9M | 8.5M | 7.1M | 7.1M |
| Capital Reserve | 376.0M | 376.0M | 376.0M | 376.0M | 376.0M | 378.0M | 378.0M | 106.0M | 106.0M | 18.4M | 25.9M | 900,000 |
| Surplus Reserve | 22.3M | 22.3M | 21.4M | 20.6M | 19.0M | 17.7M | 17.7M | 13.9M | 7.6M | 15.9M | 9.7M | 4.7M |
| Retained Earnings | -321.0M | -143.0M | -33.4M | 94.8M | 91.3M | 80.5M | 127.0M | 114.0M | 58.4M | 124.0M | 78.5M | 42.2M |
| Minority Equity | -101.0M | -70.5M | -32.7M | -3.4M | -- | -1.0M | -852,500 | -711,800 | -623,100 | -335,000 | -184,100 | 57,900 |
| Equity Attributable | 182.0M | 363.0M | 472.0M | 600.0M | 595.0M | 584.0M | 630.0M | 292.0M | 230.0M | 167.0M | 121.0M | 55.0M |
| Total Equity | 80.5M | 293.0M | 439.0M | 597.0M | 595.0M | 583.0M | 630.0M | 291.0M | 229.0M | 166.0M | 121.0M | 55.0M |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 670.0M | 562.0M | 448.0M | 310.0M | 600.0M | 341.0M | 384.0M | 257.0M | 237.0M | 284.0M | 260.0M | 221.0M |
| Tax Refunds Received | 6.9M | 11.7M | 21.4M | 28.7M | 5.4M | 7.1M | 263,500 | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 709.0M | 609.0M | 541.0M | 377.0M | 639.0M | 362.0M | 392.0M | 281.0M | 239.0M | 307.0M | 268.0M | 233.0M |
| Cash Paid For Goods | 423.0M | 372.0M | 355.0M | 374.0M | 392.0M | 240.0M | 287.0M | 197.0M | 161.0M | 110.0M | 124.0M | 127.0M |
| Cash Paid To Employees | 151.0M | 215.0M | 228.0M | 64.5M | 95.4M | 105.0M | 104.0M | 77.9M | 57.1M | 42.5M | 34.9M | 20.9M |
| Taxes Paid | 56.8M | 39.8M | 34.3M | 47.8M | 8.1M | 26.5M | 31.3M | 23.8M | 48.7M | 35.7M | 29.1M | 28.3M |
| Total Operating Cash Outflow | 686.0M | 719.0M | 707.0M | 557.0M | 541.0M | 413.0M | 451.0M | 320.0M | 297.0M | 219.0M | 276.0M | 197.0M |
| Operating Cash Flow | 23.3M | -110.0M | -166.0M | -180.0M | 97.5M | -51.2M | -59.4M | -38.6M | -57.9M | 87.4M | -8.8M | 36.5M |
| Total Investing Cash Inflow | 777,500 | 2.5M | 777,900 | 568.0M | 883.0M | 435.0M | 502.0M | 170.0M | 181.0M | 182.0M | 54.4M | 5.0M |
| Total Investing Cash Outflow | 594,000 | -5.3M | 66.3M | 597.0M | 746.0M | 417.0M | 699.0M | 193.0M | 182.0M | 178.0M | 84.6M | 21.5M |
| Investing Cash Flow | 183,500 | 7.8M | -65.5M | -29.1M | 136.0M | 18.0M | -197.0M | -23.3M | -1.0M | 4.1M | -30.1M | -16.5M |
| Cash From Borrowings | 153.0M | 351.0M | 334.0M | 37.0M | -- | -- | -- | 9.9M | -- | -- | -- | -- |
| Dividends And Interest Paid | 15.3M | 13.1M | 13.4M | -- | 475,700 | 15.4M | 5.8M | 221,900 | 9.0M | -- | -- | -- |
| Debt Repayments | 217.0M | 260.0M | 47.8M | 266,900 | -- | -- | 9.9M | -- | -- | -- | -- | -- |
| Total Financing Cash Inflow | 237.0M | 530.0M | 345.0M | 45.4M | 4.5M | -- | 332.0M | 9.9M | -- | 13.3M | 25.0M | 1.0M |
| Total Financing Cash Outflow | 298.0M | 439.0M | 76.2M | 7.3M | 11.5M | 15.4M | 21.1M | 221,900 | 9.0M | -- | -- | 0.00 |
| Financing Cash Flow | -61.8M | 90.5M | 268.0M | 38.1M | -7.1M | -15.4M | 311.0M | 9.6M | -9.0M | 13.3M | 25.0M | 1.0M |
| Net Change In Cash | -38.4M | -11.6M | 37.3M | -171.0M | 227.0M | -48.7M | 53.9M | -51.9M | -67.9M | 105.0M | -13.9M | 21.0M |
| Ending Cash Balance | 87.1M | 125.0M | 137.0M | 99.7M | 271.0M | 44.6M | 93.3M | 39.3M | 91.2M | 159.0M | 54.3M | 68.2M |
| Capex | 594,000 | -7.6M | 66.3M | 25.7M | 11.5M | 37.0M | 12.4M | 24.4M | 2.4M | 14.2M | 6.5M | 1.5M |