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 | FY 2011Dec 31, 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.2B | 2.1B | 3.2B | 1.0B | 1.4B | 1.4B | 1.2B | 597.0M | 769.0M | 450.0M | 658.0M | 756.0M | 445.0M | 290.0M |
| Revenue Growth % | -41.2% | -35.7% | 209.3% | -25.9% | 0.6% | 18.0% | 98.2% | -22.4% | 70.9% | -31.6% | -13.0% | 69.9% | 53.4% | -- |
| Total Revenue | 1.2B | 2.1B | 3.2B | 1.0B | 1.4B | 1.4B | 1.2B | 597.0M | 769.0M | 450.0M | 658.0M | 756.0M | 445.0M | 290.0M |
| Cost Of Revenue | 1.1B | 1.8B | 2.9B | 838.0M | 1.2B | 1.1B | 808.0M | 365.0M | 543.0M | 284.0M | 451.0M | 556.0M | 248.0M | 124.0M |
| Gross Profit | 103.0M | 243.0M | 324.0M | 203.0M | 175.0M | 255.0M | 375.0M | 232.0M | 226.0M | 166.0M | 207.0M | 200.0M | 197.0M | 166.0M |
| Gross Margin % | 8.5% | 11.7% | 10.1% | 19.5% | 12.5% | 18.3% | 31.7% | 38.9% | 29.4% | 36.9% | 31.5% | 26.5% | 44.3% | 57.2% |
| Total Operating Cost | 1.6B | 2.3B | 3.2B | 1.1B | 1.4B | 2.1B | 1.0B | 474.0M | 656.0M | 384.0M | 569.0M | 659.0M | 329.0M | 181.0M |
| Selling Expenses | 34.9M | 36.0M | 30.4M | 21.8M | 11.5M | 14.3M | 12.2M | 5.7M | 6.0M | 8.1M | 10.7M | 8.5M | 6.3M | 4.3M |
| Admin Expenses | 137.0M | 140.0M | 105.0M | 88.3M | 72.9M | 73.8M | 53.9M | 28.2M | 53.8M | 52.1M | 61.5M | 60.0M | 46.9M | 31.6M |
| Rd Expenses | 118.0M | 123.0M | 109.0M | 65.0M | 71.0M | 62.5M | 49.6M | 28.7M | -- | -- | -- | -- | -- | -- |
| Finance Expenses | 21.4M | 29.9M | 33.1M | 35.4M | 43.4M | 45.4M | 36.6M | 27.3M | 22.5M | 23.7M | 16.6M | 5.2M | 5.4M | 702,100 |
| Operating Income | -438.0M | -258.0M | -420,900 | 26.1M | 10.3M | -685.0M | 163.0M | 124.0M | 115.0M | 66.9M | 88.3M | 97.3M | 116.0M | 108.0M |
| Operating Margin % | -36.0% | -12.5% | -0.0% | 2.5% | 0.7% | -49.1% | 13.8% | 20.8% | 15.0% | 14.9% | 13.4% | 12.9% | 26.1% | 37.2% |
| Non Operating Income | 1.1M | 139.0M | 22.4M | 4.7M | 16.5M | 11.5M | 15.0M | 6.3M | 10.8M | 18.9M | 216,600 | 2.5M | 1.7M | 151,700 |
| Non Operating Expenses | 16.6M | 618,300 | 2.7M | 567,400 | 5.7M | -108,300 | 685,000 | 2.1M | 16,300 | 33,100 | 20,300 | 1,000 | -- | 100,400 |
| Investment Income | -28.9M | -4.3M | 11.1M | 43.5M | 10.8M | 6.4M | 4,085 | 1.2M | 1.3M | 100,000 | 120,000 | 120,000 | 100,000 | 71,100 |
| Asset Disposal Income | 277,400 | 1.1M | -33,300 | 250,200 | -- | 1.2M | 2.1M | 132,900 | 362,600 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 142.0M | 128.0M | -8.3M | 24.0M | -15.2M | 230.0M | 49.8M | 12.7M | 25.4M | 12.1M | 24.0M | 20.8M | 7.0M | 6.5M |
| Other Income | 8.6M | 17.1M | 3.7M | 294,100 | 650,100 | 121,800 | 156,900 | -- | -- | -- | -- | -- | -- | -- |
| Income Before Tax | -454.0M | -119.0M | 19.3M | 30.3M | 21.1M | -674.0M | 177.0M | 129.0M | 126.0M | 85.7M | 88.5M | 99.8M | 118.0M | 109.0M |
| Income Tax | -35.1M | -2.7M | -6.3M | -656,600 | -3.9M | -49.1M | 25.8M | 20.0M | 19.2M | 10.8M | 17.0M | 14.0M | 17.8M | 15.3M |
| Net Income | -419.0M | -117.0M | 25.5M | 31.0M | 25.0M | -625.0M | 151.0M | 109.0M | 106.0M | 74.9M | 71.5M | 85.8M | 99.9M | 93.2M |
| Net Margin % | -34.4% | -5.7% | 0.8% | 3.0% | 1.8% | -44.8% | 12.8% | 18.3% | 13.8% | 16.6% | 10.9% | 11.3% | 22.5% | 32.2% |
| Net Income Attributable | -401.0M | -118.0M | 8.6M | 29.3M | 23.6M | -626.0M | 150.0M | 109.0M | 106.0M | 74.9M | 71.5M | 85.8M | 99.9M | 93.2M |
| Minority Interest | -17.1M | 1.2M | 16.9M | 1.6M | 1.3M | 1.0M | 1.1M | -- | -- | -- | -- | -- | -- | -- |
| Eps Basic | -0.82 | -0.24 | 0.02 | 0.06 | 0.05 | -1.42 | 0.34 | 0.35 | 0.53 | 0.45 | 0.43 | 0.51 | 0.59 | 0.83 |
| Eps Diluted | -0.82 | -0.24 | 0.02 | 0.06 | 0.05 | -1.42 | 0.34 | 0.35 | 0.53 | 0.45 | 0.43 | 0.51 | 0.59 | 0.83 |
| 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 | FY 2011Dec 31, 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash And Equivalents | 244.0M | 523.0M | 857.0M | 402.0M | 320.0M | 558.0M | 353.0M | 133.0M | 311.0M | 95.2M | 54.3M | 188.0M | 137.0M | 67.5M |
| Trading Financial Assets | -- | -- | 3.7M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 670.0M | 686.0M | 805.0M | 533.0M | 709.0M | 687.0M | 678.0M | 770.0M | 740.0M | 547.0M | 642.0M | 425.0M | 205.0M | 110.0M |
| Notes Receivable | 75.5M | 84.1M | 30.9M | 123.0M | 106.0M | 36.8M | 254.0M | 661.0M | 261.0M | 193.0M | 152.0M | 10.3M | 2.6M | 27.3M |
| Notes And Accounts Receivable | 746.0M | 770.0M | 836.0M | 656.0M | 815.0M | 723.0M | 932.0M | 1.4B | 1.0B | 739.0M | 794.0M | 435.0M | 207.0M | 138.0M |
| Prepayments | 128.0M | 113.0M | 129.0M | 171.0M | 21.4M | 147.0M | 71.9M | 60.5M | 53.4M | 38.5M | 30.6M | 25.3M | 148.0M | 1.2M |
| Inventory | 398.0M | 796.0M | 521.0M | 246.0M | 224.0M | 393.0M | 341.0M | 243.0M | 211.0M | 158.0M | 93.4M | 9.4M | 48.2M | 15.5M |
| Total Current Assets | 2.2B | 3.2B | 3.4B | 2.4B | 2.0B | 2.0B | 1.8B | 2.0B | 1.7B | 1.0B | 975.0M | 662.0M | 543.0M | 226.0M |
| Long Term Equity Investment | 219.0M | 232.0M | 318.0M | 307.0M | 263.0M | 252.0M | 476.0M | -- | -- | -- | -- | -- | -- | 1.3M |
| Fixed Assets | -- | 165.0M | 149.0M | -- | 39.6M | 43.1M | 45.3M | 45.9M | 47.2M | 50.0M | 87.3M | 94.9M | 95.9M | 9.8M |
| Fixed Assets Total | 149.0M | 165.0M | 149.0M | 37.4M | 39.6M | 43.1M | 45.3M | 45.9M | 47.2M | 50.0M | 87.3M | 94.9M | 95.9M | 9.8M |
| Construction In Progress | -- | -- | 1.1M | -- | 94.8M | 51.9M | -- | -- | -- | -- | -- | -- | -- | 48.3M |
| Construction In Progress Total | -- | -- | 1.1M | 56.8M | 94.8M | 51.9M | -- | -- | -- | -- | -- | -- | -- | 48.3M |
| Intangible Assets | 73.0M | 81.8M | 87.2M | 119.0M | 81.8M | 88.8M | 134.0M | 34.0M | 15.4M | 16.5M | 16.7M | 18.1M | 17.1M | 16.9M |
| Long Term Deferred Expenses | 767,800 | 2.7M | 2.3M | 1.3M | 1.4M | 1.7M | 1.7M | 230,100 | -- | 18,900 | 64,200 | 476,900 | 889,500 | 816,400 |
| Total Non Current Assets | 662.0M | 797.0M | 907.0M | 824.0M | 797.0M | 702.0M | 860.0M | 278.0M | 118.0M | 126.0M | 131.0M | 140.0M | 135.0M | 94.2M |
| Total Assets | 2.8B | 4.0B | 4.3B | 3.2B | 2.8B | 2.7B | 2.7B | 2.2B | 1.8B | 1.2B | 1.1B | 802.0M | 679.0M | 320.0M |
| Short Term Borrowings | 566.0M | 646.0M | 548.0M | 567.0M | 730.0M | 813.0M | 523.0M | 270.0M | 100.0M | 80.0M | 244.0M | 170.0M | 92.0M | 12.0M |
| Accounts Payable | 1.2B | 1.5B | 1.5B | 677.0M | 715.0M | 522.0M | 467.0M | 321.0M | 312.0M | 261.0M | 276.0M | 227.0M | 77.3M | 23.1M |
| Advance Receipts | 190,500 | -- | -- | -- | -- | 186.0M | 146.0M | 84.9M | 25.0M | 22.6M | 11.5M | 11.4M | 166.0M | 1.6M |
| Contract Liabilities | 402.0M | 488.0M | 497.0M | 746.0M | 112.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 2.6B | 3.4B | 3.6B | 2.5B | 2.1B | 2.3B | 1.5B | 1.2B | 817.0M | 501.0M | 636.0M | 469.0M | 413.0M | 114.0M |
| Long Term Borrowings | -- | -- | -- | -- | -- | -- | 100.0M | 79.2M | 152.0M | 199.0M | 82.5M | -- | -- | 40.0M |
| Total Non Current Liabilities | 36.5M | 27.2M | 34.3M | 3.5M | 7.2M | 2.4M | 105.0M | 84.5M | 153.0M | 199.0M | 83.8M | 1.6M | 1.8M | 42.0M |
| Total Liabilities | 2.7B | 3.4B | 3.6B | 2.5B | 2.1B | 2.3B | 1.6B | 1.3B | 970.0M | 700.0M | 720.0M | 470.0M | 415.0M | 156.0M |
| Paid In Capital | 490.0M | 490.0M | 490.0M | 490.0M | 490.0M | 439.0M | 314.0M | 224.0M | 224.0M | 168.0M | 168.0M | 168.0M | 168.0M | 90.0M |
| Capital Reserve | 282.0M | 282.0M | 282.0M | 282.0M | 282.0M | 54.4M | 180.0M | 270.0M | 270.0M | 18.2M | 18.2M | 18.2M | 18.2M | 56.2M |
| Surplus Reserve | 55.3M | 55.3M | 55.3M | 55.3M | 55.3M | 55.3M | 55.3M | 44.7M | 39.3M | 32.7M | 25.3M | 20.4M | 11.2M | 1.4M |
| Retained Earnings | -691.0M | -290.0M | -172.0M | -180.0M | -209.0M | -100.0M | 555.0M | 420.0M | 342.0M | 242.0M | 175.0M | 125.0M | 66.5M | 16.3M |
| Minority Equity | 18.8M | 59.1M | 57.8M | 27.4M | 17.8M | 7.6M | 2.3M | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 139.0M | 540.0M | 659.0M | 649.0M | 620.0M | 451.0M | 1.1B | 958.0M | 875.0M | 461.0M | 386.0M | 331.0M | 264.0M | 164.0M |
| Total Equity | 158.0M | 599.0M | 717.0M | 677.0M | 638.0M | 459.0M | 1.1B | 958.0M | 875.0M | 461.0M | 386.0M | 331.0M | 264.0M | 164.0M |
| 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 | FY 2011Dec 31, 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash From Sales | 1.1B | 2.1B | 2.0B | 1.2B | 913.0M | 882.0M | 1.0B | 215.0M | 357.0M | 292.0M | 144.0M | 468.0M | 497.0M | 173.0M |
| Tax Refunds Received | 18,800 | 2.8M | 9.1M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 1.2B | 2.2B | 2.0B | 1.2B | 953.0M | 931.0M | 1.1B | 236.0M | 401.0M | 328.0M | 158.0M | 493.0M | 510.0M | 176.0M |
| Cash Paid For Goods | 885.0M | 1.7B | 1.3B | 562.0M | 923.0M | 695.0M | 449.0M | 300.0M | 296.0M | 126.0M | 259.0M | 266.0M | 276.0M | 29.7M |
| Cash Paid To Employees | 274.0M | 286.0M | 239.0M | 174.0M | 152.0M | 158.0M | 126.0M | 98.3M | 89.9M | 90.9M | 99.3M | 104.0M | 81.0M | 64.4M |
| Taxes Paid | 31.8M | 72.5M | 82.2M | 39.2M | 30.8M | 96.4M | 69.7M | 71.1M | 37.4M | 36.0M | 41.8M | 36.2M | 50.6M | 26.8M |
| Total Operating Cash Outflow | 1.4B | 2.2B | 1.8B | 896.0M | 1.2B | 1.0B | 719.0M | 517.0M | 459.0M | 290.0M | 428.0M | 443.0M | 443.0M | 140.0M |
| Operating Cash Flow | -160.0M | -53.6M | 245.0M | 336.0M | -218.0M | -102.0M | 335.0M | -281.0M | -57.4M | 37.7M | -270.0M | 50.2M | 67.3M | 36.3M |
| Total Investing Cash Inflow | 688,900 | 35.4M | 55.2M | 7.3M | 120,000 | 4.1M | 139.0M | 172.0M | 21.0M | 275,100 | 120,000 | 121,900 | 100,000 | 95.5M |
| Total Investing Cash Outflow | 5.8M | 65.7M | 97.2M | 94.3M | 29.6M | 19.3M | 289.0M | 208.0M | 113.0M | 1.1M | 1.4M | 11.1M | 41.5M | 81.9M |
| Investing Cash Flow | -5.1M | -30.3M | -42.0M | -87.0M | -29.5M | -15.2M | -150.0M | -36.8M | -91.9M | -847,700 | -1.3M | -11.0M | -41.4M | 13.6M |
| Cash From Borrowings | 601.0M | 726.0M | 654.0M | 675.0M | 1.1B | 859.0M | 774.0M | 408.0M | 170.0M | 230.0M | 344.0M | 170.0M | 92.0M | 52.0M |
| Dividends And Interest Paid | 24.9M | 29.6M | 30.3M | 33.7M | 44.7M | 73.1M | 38.8M | 52.3M | 24.3M | 22.6M | 35.6M | 27.6M | 36.4M | 58.7M |
| Debt Repayments | 607.0M | 640.0M | 694.0M | 833.0M | 1.2B | 569.0M | 759.0M | 150.0M | 150.0M | 244.0M | 171.0M | 132.0M | 12.4M | 12.0M |
| Total Financing Cash Inflow | 802.0M | 726.0M | 657.0M | 683.0M | 1.3B | 860.0M | 776.0M | 424.0M | 487.0M | 230.0M | 344.0M | 170.0M | 92.0M | 92.0M |
| Total Financing Cash Outflow | 645.0M | 835.0M | 767.0M | 867.0M | 1.3B | 642.0M | 798.0M | 202.0M | 197.0M | 267.0M | 206.0M | 159.0M | 48.8M | 111.0M |
| Financing Cash Flow | 157.0M | -109.0M | -110.0M | -184.0M | 59.1M | 218.0M | -22.7M | 222.0M | 291.0M | -36.6M | 138.0M | 10.8M | 43.2M | -18.7M |
| Net Change In Cash | -8.1M | -193.0M | 92.8M | 64.8M | -189.0M | 101.0M | 162.0M | -96.0M | 141.0M | 255,600 | -133.0M | 50.0M | 69.1M | 31.2M |
| Ending Cash Balance | 130.0M | 138.0M | 331.0M | 238.0M | 173.0M | 362.0M | 261.0M | 98.8M | 195.0M | 53.3M | 53.0M | 187.0M | 137.0M | 67.4M |
| Capex | 4.8M | 24.4M | 88.1M | 86.3M | 23.6M | 10.1M | 70.9M | 43.7M | 2.9M | 1.1M | 1.4M | 11.1M | 41.5M | 57.3M |