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 | 301.0M | 464.0M | 618.0M | 306.0M | 354.0M | 308.0M | 333.0M | 284.0M | 269.0M | 241.0M | 202.0M | 180.0M | 143.0M | 101.0M | 62.3M |
| Revenue Growth % | -35.1% | -24.9% | 102.0% | -13.6% | 14.9% | -7.5% | 17.3% | 5.6% | 11.6% | 19.3% | 12.2% | 25.9% | 41.6% | 62.2% | -- |
| Total Revenue | 301.0M | 464.0M | 618.0M | 306.0M | 354.0M | 308.0M | 333.0M | 284.0M | 269.0M | 241.0M | 202.0M | 180.0M | 143.0M | 101.0M | 62.3M |
| Cost Of Revenue | 119.0M | 401.0M | 498.0M | 90.1M | 107.0M | 85.4M | 93.0M | 72.6M | 70.6M | 75.0M | 61.1M | 61.8M | 42.9M | 31.2M | 18.0M |
| Gross Profit | 182.0M | 63.0M | 120.0M | 215.9M | 247.0M | 222.6M | 240.0M | 211.4M | 198.4M | 166.0M | 140.9M | 118.2M | 100.1M | 69.8M | 44.2M |
| Gross Margin % | 60.5% | 13.6% | 19.4% | 70.6% | 69.8% | 72.3% | 72.1% | 74.4% | 73.7% | 68.9% | 69.8% | 65.7% | 70.0% | 69.1% | 71.0% |
| Total Operating Cost | 289.0M | 817.0M | 899.0M | 285.0M | 329.0M | 291.0M | 301.0M | 265.0M | 240.0M | 217.0M | 175.0M | 162.0M | 125.0M | 97.6M | 66.1M |
| Selling Expenses | 65.1M | 77.0M | 74.8M | 61.5M | 79.4M | 76.6M | 73.7M | 64.6M | 62.6M | 61.6M | 55.1M | 53.2M | 42.2M | 31.0M | 22.0M |
| Admin Expenses | 72.3M | 151.0M | 197.0M | 61.4M | 67.8M | 53.1M | 52.3M | 47.5M | 43.5M | 69.5M | 49.8M | 41.9M | 34.1M | 30.5M | 22.8M |
| Rd Expenses | 28.6M | 51.2M | 50.0M | 47.4M | 48.0M | 43.0M | 57.7M | 57.2M | 47.8M | -- | -- | -- | -- | -- | -- |
| Finance Expenses | 4.9M | 68.5M | 39.9M | -1.2M | 1.8M | 6.4M | 4.2M | 4.5M | 2.5M | 2.2M | 989,200 | 427,300 | 1.0M | 1.4M | 400,400 |
| Operating Income | 45.9M | -253.0M | -262.0M | 44.1M | 51.4M | 48.7M | 53.9M | 60.5M | 52.9M | 24.1M | 26.9M | 18.6M | 17.8M | 3.8M | -3.8M |
| Operating Margin % | 15.3% | -54.5% | -42.4% | 14.4% | 14.5% | 15.8% | 16.2% | 21.3% | 19.7% | 10.0% | 13.3% | 10.3% | 12.5% | 3.7% | -6.1% |
| Non Operating Income | 6,100 | 2,700 | 3,000 | 1,100 | 500.00 | -- | -- | 1.00 | 2.6M | 25.1M | 18.9M | 26.6M | 18.1M | 13.2M | 6.2M |
| Non Operating Expenses | 545,600 | 479,400 | 44,900 | 503,200 | 50,300 | 146,000 | 4,900 | 36,400 | -- | -- | 225,200 | 235,400 | 7,600 | 378,100 | 185,600 |
| Investment Income | 23.0M | -594,200 | 3.2M | 4.8M | 3.7M | -1.8M | -9.7M | 1.0M | 1.2M | -- | -- | -- | -- | -- | -- |
| Fair Value Change Income | 100,800 | 1.3M | 958,600 | 68,300 | 1.1M | -- | -1.6M | 1.6M | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | 163,800 | -206,200 | -32,100 | -57,000 | 89,300 | -7,700 | -330,200 | -64,500 | 70,500 | -- | -- | -- | -- | -- | -- |
| Asset Impairment Loss | -5,900 | 44.6M | 10.8M | 14,000 | -- | 1.0M | -- | 12.4M | 7.8M | 3.8M | 4.7M | 1.6M | 2.5M | 1.2M | 1.5M |
| Other Income | 10.7M | 98.7M | 15.2M | 18.8M | 21.5M | 33.3M | 33.4M | 38.4M | 23.1M | -- | -- | -- | -- | -- | -- |
| Income Before Tax | 45.4M | -254.0M | -262.0M | 43.6M | 51.3M | 48.6M | 53.9M | 60.4M | 55.5M | 49.2M | 45.5M | 44.9M | 35.9M | 16.6M | 2.3M |
| Income Tax | 3.9M | 23.9M | 3.3M | 8.1M | 7.8M | 6.6M | 6.8M | 5.4M | 4.4M | 4.0M | 6.6M | 5.7M | 4.8M | 2.6M | 646,400 |
| Net Income | 41.5M | -278.0M | -265.0M | 35.5M | 43.5M | 42.0M | 47.1M | 55.1M | 51.1M | 45.2M | 39.0M | 39.2M | 31.1M | 14.0M | 1.6M |
| Net Margin % | 13.8% | -59.9% | -42.9% | 11.6% | 12.3% | 13.6% | 14.1% | 19.4% | 19.0% | 18.8% | 19.3% | 21.8% | 21.7% | 13.9% | 2.6% |
| Net Income Attributable | 39.2M | -279.0M | -269.0M | 33.6M | 42.0M | 35.4M | 46.9M | 55.5M | 51.1M | 45.2M | 39.0M | 39.2M | 31.1M | 14.0M | 1.6M |
| Minority Interest | 2.3M | 1.9M | 4.2M | 1.9M | 1.6M | 6.5M | 228,300 | -417,200 | -- | -- | -- | -- | -- | -- | -- |
| Eps Basic | 0.13 | -0.92 | -0.88 | 0.12 | 0.20 | 0.24 | 0.32 | 0.49 | 0.64 | 0.75 | 0.65 | 0.65 | 0.52 | 0.23 | -- |
| Eps Diluted | 0.13 | -0.92 | -0.88 | 0.12 | 0.26 | 0.24 | 0.32 | 0.49 | 0.64 | 0.75 | 0.65 | 0.65 | 0.52 | 0.23 | -- |
| 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 | 294.0M | 119.0M | 478.0M | 883.0M | 320.0M | 907.0M | 150.0M | 169.0M | 80.3M | 288.0M | 115.0M | 85.5M | 71.8M | 61.1M | 15.9M |
| Trading Financial Assets | -- | 40.1M | 160.0M | 88.1M | 321.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 176.0M | 191.0M | 211.0M | 227.0M | 250.0M | 250.0M | 276.0M | 227.0M | 193.0M | 147.0M | 103.0M | 74.5M | 74.1M | 51.6M | 36.5M |
| Notes Receivable | 199,500 | 91,500 | 132.0M | 1.1M | -- | 386,800 | 3.9M | -- | 3.6M | 441,000 | 4.7M | 1.7M | 1.7M | 120,000 | 450,000 |
| Notes And Accounts Receivable | 176.0M | 191.0M | 344.0M | 228.0M | 250.0M | 250.0M | 280.0M | 227.0M | 197.0M | 148.0M | 108.0M | 76.2M | 75.8M | 51.7M | 37.0M |
| Prepayments | 9.3M | 9.2M | 35.3M | 8.5M | 7.7M | 9.3M | 327,600 | 1.8M | 1.6M | 507,400 | 1.8M | 555,100 | 976,600 | 565,900 | 5.9M |
| Inventory | 31.4M | 40.7M | 76.4M | 32.4M | 36.4M | 32.8M | 26.7M | 30.1M | 12.2M | 14.6M | 13.9M | 9.2M | 11.6M | 6.6M | 5.8M |
| Total Current Assets | 797.0M | 2.8B | 1.2B | 1.3B | 965.0M | 1.2B | 471.0M | 454.0M | 391.0M | 461.0M | 252.0M | 183.0M | 169.0M | 134.0M | 79.2M |
| Long Term Equity Investment | 15.2M | 15.9M | 17.8M | 16.1M | 27.3M | 16.8M | 20.5M | 29.3M | -- | -- | -- | -- | -- | -- | -- |
| Fixed Assets | 178.0M | 184.0M | 480.0M | 199.0M | 206.0M | 206.0M | 214.0M | 221.0M | 217.0M | 218.0M | 12.1M | 3.0M | 2.6M | 2.3M | 1.7M |
| Fixed Assets Total | 178.0M | 184.0M | 480.0M | 199.0M | 206.0M | 206.0M | 214.0M | 221.0M | 217.0M | 218.0M | 12.1M | 3.0M | 2.6M | 2.3M | 1.7M |
| Construction In Progress | 1.4M | 2.4M | 1.2B | -- | 673,300 | 715,600 | 970,200 | -- | 5.4M | -- | 152.0M | 61.0M | 1.8M | -- | -- |
| Construction In Progress Total | 1.4M | 2.4M | 1.2B | -- | 673,300 | 715,600 | 970,200 | -- | 5.4M | -- | 152.0M | 61.0M | 1.8M | -- | -- |
| Intangible Assets | 112.0M | 10.3M | 8.3M | 9.5M | 10.6M | 6.6M | 7.2M | 8.0M | 7.9M | 7.5M | 8.5M | 9.0M | 9.9M | 3.8M | 4.0M |
| Long Term Deferred Expenses | 15.6M | 491,600 | 76.0M | 1.3M | 2.6M | 1.6M | 2.3M | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non Current Assets | 445.0M | 412.0M | 2.7B | 366.0M | 347.0M | 285.0M | 290.0M | 263.0M | 235.0M | 230.0M | 183.0M | 96.0M | 26.2M | 7.3M | 6.5M |
| Total Assets | 1.2B | 3.2B | 3.9B | 1.6B | 1.3B | 1.5B | 760.0M | 717.0M | 627.0M | 690.0M | 435.0M | 279.0M | 195.0M | 141.0M | 85.7M |
| Short Term Borrowings | 176.0M | 164.0M | 506.0M | 154.0M | 70.1M | 135.0M | 130.0M | 104.0M | 70.0M | 52.3M | 38.0M | 28.0M | 23.0M | 23.0M | 12.6M |
| Accounts Payable | 43.6M | 31.4M | 798.0M | 31.7M | 43.5M | 41.8M | 42.4M | 44.3M | 30.0M | 31.7M | 27.0M | 16.2M | 15.4M | 10.1M | 14.5M |
| Advance Receipts | -- | -- | -- | -- | -- | -- | 38.9M | 30.5M | 19.8M | 33.6M | 46.2M | 31.6M | 36.1M | 22.7M | 11.8M |
| Contract Liabilities | 55.2M | 68.2M | 70.7M | 44.8M | 41.5M | 52.1M | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 343.0M | 2.2B | 1.9B | 263.0M | 205.0M | 272.0M | 251.0M | 241.0M | 189.0M | 215.0M | 158.0M | 98.3M | 84.4M | 63.0M | 66.5M |
| Long Term Borrowings | 16.0M | 177.0M | 159.0M | -- | -- | -- | -- | -- | -- | 74.6M | 85.0M | 31.9M | -- | -- | -- |
| Total Non Current Liabilities | 54.1M | 199.0M | 958.0M | 7.7M | 10.5M | 8.2M | 2.1M | 3.3M | 3.5M | 80.0M | 90.7M | 32.8M | 2.4M | 930,000 | 300,000 |
| Total Liabilities | 397.0M | 2.4B | 2.8B | 271.0M | 216.0M | 280.0M | 253.0M | 244.0M | 193.0M | 295.0M | 249.0M | 131.0M | 86.8M | 63.9M | 66.8M |
| Paid In Capital | 306.0M | 306.0M | 306.0M | 236.0M | 165.0M | 165.0M | 112.0M | 80.6M | 80.9M | 80.0M | 60.0M | 60.0M | 60.0M | 60.0M | 10.0M |
| Capital Reserve | 750.0M | 750.0M | 747.0M | 835.0M | 674.0M | 770.0M | 127.0M | 168.0M | 178.0M | 149.0M | 6.2M | 6.2M | 6.2M | 6.2M | 12.6M |
| Surplus Reserve | 49.0M | 49.1M | 49.1M | 46.7M | 40.4M | 35.6M | 31.1M | 25.9M | 19.6M | 14.4M | 10.2M | 7.2M | 3.5M | 552,300 | 75,500 |
| Retained Earnings | -200.0M | -239.0M | 40.6M | 312.0M | 285.0M | 259.0M | 242.0M | 217.0M | 183.0M | 151.0M | 110.0M | 74.3M | 38.8M | 10.6M | -3.8M |
| Minority Equity | 10.5M | 5.2M | 3.3M | 3.6M | 1.7M | 14.9M | 8.4M | 796,000 | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 835.0M | 800.0M | 1.1B | 1.4B | 1.1B | 1.2B | 499.0M | 472.0M | 434.0M | 395.0M | 187.0M | 148.0M | 108.0M | 77.3M | 18.9M |
| Total Equity | 845.0M | 805.0M | 1.1B | 1.4B | 1.1B | 1.2B | 507.0M | 473.0M | 434.0M | 395.0M | 187.0M | 148.0M | 108.0M | 77.3M | 18.9M |
| 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 | 339.0M | 381.0M | 543.0M | 343.0M | 366.0M | 367.0M | 318.0M | 298.0M | 236.0M | 252.0M | 214.0M | 207.0M | 154.0M | 113.0M | 57.7M |
| Tax Refunds Received | 11.8M | 155.0M | 15.8M | 14.0M | 18.2M | 21.7M | 20.2M | 22.4M | 18.9M | 20.3M | 12.5M | 17.1M | 10.2M | 12.5M | 5.0M |
| Total Operating Cash Inflow | 366.0M | 651.0M | 584.0M | 377.0M | 399.0M | 409.0M | 356.0M | 341.0M | 266.0M | 285.0M | 242.0M | 241.0M | 180.0M | 142.0M | 73.8M |
| Cash Paid For Goods | 54.5M | 249.0M | 447.0M | 79.7M | 96.4M | 75.0M | 73.3M | 59.9M | 56.4M | 75.3M | 53.2M | 54.9M | 37.6M | 27.7M | 17.1M |
| Cash Paid To Employees | 168.0M | 290.0M | 316.0M | 155.0M | 139.0M | 116.0M | 130.0M | 120.0M | 104.0M | 74.3M | 53.9M | 44.8M | 33.6M | 23.3M | 12.2M |
| Taxes Paid | 28.5M | 37.1M | 52.2M | 44.3M | 42.6M | 45.8M | 47.4M | 40.1M | 38.5M | 44.3M | 35.0M | 33.0M | 18.4M | 28.1M | 11.1M |
| Total Operating Cash Outflow | 301.0M | 662.0M | 901.0M | 327.0M | 362.0M | 309.0M | 334.0M | 292.0M | 272.0M | 253.0M | 204.0M | 200.0M | 148.0M | 131.0M | 77.0M |
| Operating Cash Flow | 65.4M | -11.4M | -317.0M | 50.5M | 36.0M | 100.0M | 22.0M | 48.7M | -6.2M | 32.6M | 37.5M | 40.8M | 32.8M | 10.8M | -3.1M |
| Total Investing Cash Inflow | 841.0M | 520.0M | 1.6B | 1.4B | 710.0M | 55.2M | 71.3M | 202.0M | 158.0M | -- | 1,264 | 17,900 | 12,900 | 2,700 | 5,900 |
| Total Investing Cash Outflow | 594.0M | 665.0M | 2.5B | 1.2B | 1.2B | 78.9M | 109.0M | 172.0M | 286.0M | 28.0M | 79.9M | 62.6M | 22.0M | 2.4M | 12.7M |
| Investing Cash Flow | 248.0M | -145.0M | -863.0M | 205.0M | -467.0M | -23.6M | -37.9M | 30.7M | -128.0M | -28.0M | -79.9M | -62.6M | -22.0M | -2.4M | -12.7M |
| Cash From Borrowings | 222.0M | 611.0M | 1.3B | 233.0M | 106.0M | 190.0M | 274.0M | 103.0M | 75.0M | 62.5M | 106.0M | 59.9M | 23.0M | 47.0M | 10.0M |
| Dividends And Interest Paid | 10.2M | 26.3M | 17.6M | 3.6M | 16.5M | 21.6M | 21.3M | 18.7M | 17.4M | 6.6M | 5.1M | 2.1M | 1.6M | 4.1M | 264,700 |
| Debt Repayments | 383.0M | 726.0M | 816.0M | 150.0M | 171.0M | 185.0M | 248.0M | 70.0M | 152.0M | 53.0M | 28.0M | 23.0M | 23.0M | 36.6M | 2.0M |
| Total Financing Cash Inflow | 309.0M | 1.1B | 1.8B | 466.0M | 106.0M | 897.0M | 274.0M | 107.0M | 103.0M | 234.0M | 106.0M | 59.9M | 23.0M | 95.0M | 25.4M |
| Total Financing Cash Outflow | 444.0M | 1.2B | 1.1B | 158.0M | 260.0M | 217.0M | 279.0M | 98.6M | 176.0M | 63.0M | 33.8M | 26.1M | 25.2M | 58.3M | 2.6M |
| Financing Cash Flow | -135.0M | -157.0M | 710.0M | 307.0M | -154.0M | 681.0M | -4.3M | 8.6M | -73.1M | 171.0M | 71.8M | 33.8M | -2.2M | 36.7M | 22.8M |
| Net Change In Cash | 178.0M | -313.0M | -469.0M | 563.0M | -585.0M | 757.0M | -20.2M | 88.0M | -208.0M | 176.0M | 29.4M | 12.0M | 8.6M | 45.2M | 6.9M |
| Ending Cash Balance | 278.0M | 99.8M | 413.0M | 882.0M | 319.0M | 904.0M | 147.0M | 167.0M | 79.0M | 287.0M | 111.0M | 81.4M | 69.4M | 60.8M | 15.7M |
| Capex | 68.6M | 252.0M | 600.0M | 24.6M | 41.0M | 8.9M | 12.9M | 16.6M | 40.1M | 28.0M | 79.9M | 62.6M | 21.0M | 2.4M | 1.7M |