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 | 4.9B | 5.4B | 3.2B | 3.0B | 2.2B |
| Revenue Growth % | -8.8% | 68.1% | 5.3% | 37.4% | -- |
| Total Revenue | 4.9B | 5.4B | 3.2B | 3.0B | 2.2B |
| Cost Of Revenue | 3.7B | 4.7B | 2.7B | 2.7B | 2.0B |
| Gross Profit | 1.2B | 730.0M | 453.0M | 328.0M | 174.0M |
| Gross Margin % | 24.6% | 13.6% | 14.2% | 10.8% | 7.9% |
| Total Operating Cost | 3.9B | 4.6B | 2.9B | 2.9B | 2.2B |
| Selling Expenses | 3.8M | 3.4M | 3.2M | 5.5M | 4.3M |
| Admin Expenses | 82.2M | 87.5M | 87.2M | 74.2M | 64.0M |
| Rd Expenses | 55.1M | 47.7M | 38.6M | 33.5M | 27.3M |
| Finance Expenses | -12.9M | -62.7M | -43.5M | -5.6M | -740,000 |
| Operating Income | 1.1B | 751.0M | 344.0M | 176.0M | 23.5M |
| Operating Margin % | 21.6% | 14.0% | 10.7% | 5.8% | 1.1% |
| Non Operating Income | 102,300 | 744,100 | 1.6M | 3.7M | 3.4M |
| Non Operating Expenses | 2.6M | 2.2M | 319,400 | 143,200 | 173,400 |
| Investment Income | -2.3M | 2.1M | 2.4M | 265,000 | 1.1M |
| Fair Value Change Income | 6.6M | -1.4M | 1.8M | 407,600 | 106,900 |
| Asset Disposal Income | -104,000 | 19,500 | 3,500 | 69,100 | -12,700 |
| Asset Impairment Loss | 26.5M | -65.8M | 3.3M | 34.5M | 40.0M |
| Other Income | 1.2M | 586,900 | 767,400 | 1.4M | 600,700 |
| Income Before Tax | 1.1B | 750.0M | 346.0M | 180.0M | 26.7M |
| Income Tax | 170.0M | 115.0M | 52.8M | 28.1M | 1.0M |
| Net Income | 886.0M | 634.0M | 293.0M | 152.0M | 25.6M |
| Net Margin % | 18.1% | 11.8% | 9.2% | 5.0% | 1.2% |
| Net Income Attributable | 892.0M | 636.0M | 287.0M | 151.0M | 24.9M |
| Minority Interest | -6.1M | -1.6M | 6.0M | 1.1M | 706,000 |
| Eps Basic | 4.18 | 2.98 | 1.34 | 0.71 | 0.12 |
| Eps Diluted | 4.18 | 2.98 | 1.34 | 0.71 | 0.12 |
| 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 | 3.7B | 2.5B | 1.1B | 623.0M | 421.0M |
| Trading Financial Assets | 18.5M | 8.5M | 3.0M | 15.0M | 15.0M |
| Accounts Receivable | 457.0M | 607.0M | 984.0M | 644.0M | 574.0M |
| Notes Receivable | -- | -- | 7.8M | 12.2M | 44.8M |
| Notes And Accounts Receivable | 457.0M | 607.0M | 992.0M | 657.0M | 619.0M |
| Prepayments | 17.3M | 27.1M | 48.8M | 91.7M | 74.6M |
| Inventory | 5.7M | 8.3M | 25.3M | 53.4M | 30.8M |
| Total Current Assets | 5.2B | 3.8B | 3.3B | 2.3B | 2.0B |
| Fixed Assets | 50.2M | 52.4M | 56.7M | 60.7M | 54.8M |
| Fixed Assets Total | 50.2M | 52.4M | 56.7M | 60.7M | 54.8M |
| Construction In Progress | -- | -- | -- | -- | -- |
| Construction In Progress Total | -- | -- | -- | -- | -- |
| Intangible Assets | 4.9M | 5.5M | 5.6M | 5.6M | 4.0M |
| Long Term Deferred Expenses | -- | -- | -- | -- | -- |
| Total Non Current Assets | 220.0M | 199.0M | 219.0M | 268.0M | 221.0M |
| Total Assets | 5.4B | 4.0B | 3.5B | 2.6B | 2.3B |
| Short Term Borrowings | -- | -- | -- | -- | 30.0M |
| Accounts Payable | 2.3B | 1.6B | 1.6B | 1.0B | 944.0M |
| Advance Receipts | 1.5M | -- | 189,900 | -- | -- |
| Contract Liabilities | 539.0M | 468.0M | 423.0M | 199.0M | 111.0M |
| Total Current Liabilities | 3.1B | 2.2B | 2.1B | 1.4B | 1.2B |
| Long Term Borrowings | -- | -- | -- | -- | 27.2M |
| Total Non Current Liabilities | -- | 2.0M | 3.1M | 6.1M | 27.3M |
| Total Liabilities | 3.1B | 2.2B | 2.1B | 1.4B | 1.2B |
| Paid In Capital | 213.0M | 213.0M | 213.0M | 213.0M | 213.0M |
| Capital Reserve | 256.0M | 256.0M | 256.0M | 256.0M | 256.0M |
| Surplus Reserve | 107.0M | 107.0M | 107.0M | 99.8M | 85.2M |
| Retained Earnings | 1.7B | 1.2B | 825.0M | 599.0M | 484.0M |
| Minority Equity | 14.2M | 21.3M | 23.7M | 17.8M | 15.4M |
| Equity Attributable | 2.3B | 1.8B | 1.4B | 1.2B | 1.0B |
| Total Equity | 2.3B | 1.9B | 1.4B | 1.2B | 1.1B |
| 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 | 5.2B | 6.9B | 3.0B | 3.2B | 1.9B |
| Tax Refunds Received | 33.0M | 34.9M | 37.7M | 220,000 | 31.5M |
| Total Operating Cash Inflow | 5.4B | 7.0B | 3.1B | 3.2B | 1.9B |
| Cash Paid For Goods | 3.1B | 4.8B | 2.2B | 2.7B | 1.7B |
| Cash Paid To Employees | 274.0M | 243.0M | 223.0M | 171.0M | 125.0M |
| Taxes Paid | 322.0M | 223.0M | 124.0M | 52.9M | 20.3M |
| Total Operating Cash Outflow | 3.8B | 5.4B | 2.6B | 2.9B | 1.9B |
| Operating Cash Flow | 1.7B | 1.6B | 526.0M | 266.0M | 44.9M |
| Total Investing Cash Inflow | 426.0M | 134.0M | 714.0M | 45.3M | 261.0M |
| Total Investing Cash Outflow | 460.0M | 131.0M | 705.0M | 82.0M | 221.0M |
| Investing Cash Flow | -33.3M | 3.7M | 9.3M | -36.7M | 40.3M |
| Cash From Borrowings | -- | -- | -- | 6.4M | 49.1M |
| Dividends And Interest Paid | 427.0M | 213.0M | 53.8M | 22.7M | 24.4M |
| Debt Repayments | -- | 295,400 | 27.2M | 20.4M | 96.8M |
| Total Financing Cash Inflow | 76.5M | 15.8M | 4.9M | 52.3M | 58.6M |
| Total Financing Cash Outflow | 441.0M | 286.0M | 98.4M | 49.9M | 168.0M |
| Financing Cash Flow | -364.0M | -270.0M | -93.5M | 2.4M | -109.0M |
| Net Change In Cash | 1.3B | 1.3B | 454.0M | 242.0M | -27.2M |
| Ending Cash Balance | 3.7B | 2.4B | 1.1B | 619.0M | 377.0M |
| Capex | 5.1M | 3.1M | 5.2M | 17.0M | 5.8M |