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 | 365.0M | 239.0M | 130.0M | 128.0M | 311.0M | 462.0M | 570.0M | 427.0M | 351.0M | 301.0M | 272.0M | 219.0M | 153.0M |
| Revenue Growth % | 52.7% | 83.8% | 1.6% | -58.8% | -32.7% | -18.9% | 33.5% | 21.7% | 16.6% | 10.7% | 24.2% | 43.1% | -- |
| Total Revenue | 365.0M | 239.0M | 130.0M | 128.0M | 311.0M | 462.0M | 570.0M | 427.0M | 351.0M | 301.0M | 272.0M | 219.0M | 153.0M |
| Cost Of Revenue | 310.0M | 200.0M | 119.0M | 120.0M | 297.0M | 409.0M | 440.0M | 330.0M | 255.0M | 212.0M | 189.0M | 149.0M | 105.0M |
| Gross Profit | 55.0M | 39.0M | 11.0M | 8.0M | 14.0M | 53.0M | 130.0M | 97.0M | 96.0M | 89.0M | 83.0M | 70.0M | 48.0M |
| Gross Margin % | 15.1% | 16.3% | 8.5% | 6.2% | 4.5% | 11.5% | 22.8% | 22.7% | 27.4% | 29.6% | 30.5% | 32.0% | 31.4% |
| Total Operating Cost | 380.0M | 289.0M | 174.0M | 187.0M | 363.0M | 522.0M | 532.0M | 390.0M | 311.0M | 265.0M | 239.0M | 197.0M | 142.0M |
| Selling Expenses | 7.3M | 6.8M | 4.3M | 3.1M | 7.7M | 24.3M | 25.2M | 15.8M | 14.5M | 13.2M | 11.2M | 9.2M | 9.3M |
| Admin Expenses | 27.1M | 20.5M | 21.4M | 17.8M | 25.3M | 34.6M | 29.2M | 18.8M | 31.7M | 31.4M | 29.8M | 28.9M | 17.8M |
| Rd Expenses | 14.9M | 13.4M | 5.1M | 6.8M | 15.7M | 26.2M | 22.0M | 19.4M | -- | -- | -- | -- | -- |
| Finance Expenses | 10.4M | 7.4M | 2.5M | 4.8M | 6.7M | 16.3M | 11.1M | 3.3M | 7.9M | 6.8M | 8.6M | 8.1M | 7.6M |
| Operating Income | -11.0M | -34.8M | -21.3M | -55.5M | -51.8M | -57.2M | 39.2M | 41.9M | 40.2M | 36.0M | 33.9M | 21.9M | 11.6M |
| Operating Margin % | -3.0% | -14.6% | -16.4% | -43.3% | -16.6% | -12.4% | 6.9% | 9.8% | 11.4% | 12.0% | 12.5% | 10.0% | 7.6% |
| Non Operating Income | 13,000 | 0.00 | 33,000 | 12,300 | 20,800 | 60,200 | 70,500 | 3.1M | 3.7M | 2.5M | 694,900 | 1.6M | 2.0M |
| Non Operating Expenses | 700.00 | 34,200 | 21,700 | 156,100 | 1.0M | 748,200 | 287,500 | 90,000 | 52,100 | 50,100 | 162,800 | 151,700 | 327,600 |
| Investment Income | 80,900 | -47,200 | 20.9M | -- | -- | -- | -- | -- | -- | 11,500 | -- | -- | -- |
| Fair Value Change Income | 660,000 | 13.2M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Asset Disposal Income | -- | -- | -28,800 | 394,100 | -1.7M | -- | 52,200 | 33,600 | -- | -- | -- | -- | -- |
| Asset Impairment Loss | 2.7M | 19.8M | -- | -- | -- | 2.8M | 2.2M | 31,900 | -253,400 | -21,000 | -1.5M | 434,100 | 1.1M |
| Other Income | 3.5M | 2.0M | 2.0M | 2.9M | 2.0M | 2.7M | 927,500 | 4.6M | -- | -- | -- | -- | -- |
| Income Before Tax | -10.9M | -34.8M | -21.3M | -55.6M | -52.8M | -57.9M | 38.9M | 44.9M | 43.8M | 38.4M | 34.4M | 23.3M | 13.2M |
| Income Tax | 6.9M | 3.6M | -4.5M | -2.2M | -4.7M | -850,300 | 4.7M | 6.9M | 6.3M | 4.7M | 4.3M | 2.3M | 1.9M |
| Net Income | -17.9M | -38.5M | -16.8M | -53.4M | -48.1M | -57.1M | 34.2M | 38.0M | 37.5M | 33.7M | 30.1M | 21.0M | 11.3M |
| Net Margin % | -4.9% | -16.1% | -12.9% | -41.7% | -15.5% | -12.3% | 6.0% | 8.9% | 10.7% | 11.2% | 11.1% | 9.6% | 7.4% |
| Net Income Attributable | -30.5M | -44.4M | -16.8M | -53.4M | -48.1M | -57.1M | 34.2M | 38.0M | 37.5M | 33.7M | 30.1M | 21.0M | 11.3M |
| Minority Interest | 12.7M | 6.0M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Eps Basic | -0.41 | -0.60 | -0.23 | -0.72 | -0.65 | -0.77 | 0.46 | 0.54 | 0.67 | 0.60 | 0.73 | 0.54 | 0.29 |
| Eps Diluted | -0.41 | -0.60 | -0.23 | -0.72 | -0.65 | -0.77 | 0.46 | 0.54 | 0.67 | 0.60 | 0.73 | 0.54 | 0.29 |
| 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 | 31.7M | 33.6M | 28.5M | 52.2M | 9.5M | 18.7M | 60.4M | 67.8M | 14.1M | 52.2M | 19.8M | 10.8M | 24.5M |
| Trading Financial Assets | 660,000 | 13.2M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 184.0M | 103.0M | 91.1M | 75.4M | 180.0M | 261.0M | 267.0M | 192.0M | 156.0M | 133.0M | 105.0M | 88.5M | 60.7M |
| Notes Receivable | 55.9M | 39.1M | 16.6M | 17.1M | -- | -- | 61.8M | 70.9M | 56.0M | 38.0M | 15.3M | 7.4M | 8.6M |
| Notes And Accounts Receivable | 240.0M | 142.0M | 108.0M | 92.5M | 180.0M | 261.0M | 329.0M | 263.0M | 212.0M | 171.0M | 120.0M | 95.9M | 69.3M |
| Prepayments | 5.6M | 7.8M | 2.4M | 3.1M | 52.0M | 52.2M | 53.7M | 18.7M | 8.9M | 8.1M | 10.1M | 10.8M | 3.3M |
| Inventory | 50.9M | 76.6M | 27.9M | 19.9M | 38.7M | 45.2M | 68.9M | 30.9M | 29.8M | 30.5M | 27.6M | 25.0M | 20.4M |
| Total Current Assets | 338.0M | 281.0M | 168.0M | 176.0M | 307.0M | 414.0M | 544.0M | 381.0M | 265.0M | 262.0M | 208.0M | 143.0M | 119.0M |
| Fixed Assets | -- | 183.0M | 193.0M | 205.0M | 220.0M | 233.0M | 219.0M | 21.6M | 22.3M | 18.4M | 20.5M | 21.0M | 14.6M |
| Fixed Assets Total | 173.0M | 183.0M | 193.0M | 205.0M | 220.0M | 233.0M | 219.0M | 21.6M | 22.3M | 18.4M | 20.5M | 21.0M | 14.6M |
| Construction In Progress | -- | -- | -- | -- | 50,600 | 470,400 | 12.8M | 166.0M | 132.0M | 72.3M | 3.2M | 1.1M | 4.8M |
| Construction In Progress Total | -- | -- | -- | -- | 50,600 | 470,400 | 12.8M | 166.0M | 132.0M | 72.3M | 3.2M | 1.1M | 4.8M |
| Intangible Assets | 43.9M | 48.3M | 18.6M | 19.3M | 26.0M | 26.7M | 24.4M | 25.6M | 27.0M | 28.3M | 29.8M | 31.2M | 12.3M |
| Long Term Deferred Expenses | 8.4M | 9.1M | 9.7M | 10.8M | 11.7M | 12.3M | 322,200 | 300,700 | 581,700 | 763,600 | 1.2M | 1.7M | 655,200 |
| Total Non Current Assets | 298.0M | 319.0M | 236.0M | 254.0M | 265.0M | 275.0M | 269.0M | 247.0M | 201.0M | 131.0M | 89.8M | 61.9M | 41.4M |
| Total Assets | 636.0M | 601.0M | 403.0M | 429.0M | 572.0M | 690.0M | 814.0M | 628.0M | 466.0M | 393.0M | 298.0M | 205.0M | 160.0M |
| Short Term Borrowings | 23.5M | 56.7M | 10.0M | 15.0M | 97.5M | 190.0M | 225.0M | 108.0M | 98.3M | 95.9M | 69.9M | 110.0M | 65.0M |
| Accounts Payable | 64.2M | 46.2M | 27.3M | 24.7M | 47.4M | 38.9M | 35.6M | 28.0M | 23.6M | 15.6M | 17.2M | 17.2M | 10.1M |
| Advance Receipts | -- | -- | -- | 161,300 | -- | 120,300 | 112,700 | 34,100 | 225,600 | 69,600 | 182,100 | 891,400 | 4,500 |
| Contract Liabilities | 5.9M | 5.4M | 11,200 | 268,700 | 82,600 | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 162.0M | 144.0M | 66.1M | 66.6M | 189.0M | 263.0M | 317.0M | 160.0M | 142.0M | 133.0M | 123.0M | 155.0M | 101.0M |
| Long Term Borrowings | 92.0M | 48.1M | 28.5M | 35.1M | -- | -- | -- | -- | 68.9M | 45.0M | -- | -- | -- |
| Total Non Current Liabilities | 200.0M | 166.0M | 36.6M | 45.0M | 11.7M | 8.0M | 8.4M | 6.4M | 77.7M | 51.3M | -- | -- | -- |
| Total Liabilities | 363.0M | 310.0M | 103.0M | 112.0M | 201.0M | 271.0M | 326.0M | 166.0M | 220.0M | 185.0M | 123.0M | 155.0M | 101.0M |
| Paid In Capital | 74.5M | 74.5M | 74.5M | 74.5M | 74.5M | 74.5M | 74.5M | 74.5M | 55.8M | 55.8M | 55.8M | 38.6M | 38.6M |
| Capital Reserve | 248.0M | 248.0M | 248.0M | 248.0M | 248.0M | 248.0M | 248.0M | 248.0M | 89.1M | 89.1M | 89.1M | 1.7M | 1.7M |
| Surplus Reserve | 17.3M | 17.3M | 17.3M | 17.3M | 17.3M | 17.3M | 17.3M | 13.9M | 10.1M | 6.4M | 3.0M | 3.9M | 1.8M |
| Retained Earnings | -114.0M | -83.2M | -38.7M | -21.9M | 31.5M | 79.6M | 149.0M | 125.0M | 91.1M | 57.4M | 27.1M | 5.8M | 16.9M |
| Minority Equity | 47.4M | 34.7M | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity Attributable | 226.0M | 256.0M | 301.0M | 318.0M | 371.0M | 419.0M | 488.0M | 461.0M | 246.0M | 209.0M | 175.0M | 50.0M | 59.0M |
| Total Equity | 273.0M | 291.0M | 301.0M | 318.0M | 371.0M | 419.0M | 488.0M | 461.0M | 246.0M | 209.0M | 175.0M | 50.0M | 59.0M |
| 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 | 190.0M | 107.0M | 57.7M | 124.0M | 281.0M | 389.0M | 451.0M | 374.0M | 379.0M | 301.0M | 294.0M | 231.0M | 166.0M |
| Tax Refunds Received | 130,000 | -- | 165,100 | 370,100 | 1.4M | 8,300 | 299,600 | -- | -- | -- | -- | -- | -- |
| Total Operating Cash Inflow | 194.0M | 109.0M | 61.0M | 182.0M | 344.0M | 509.0M | 507.0M | 385.0M | 387.0M | 312.0M | 296.0M | 234.0M | 168.0M |
| Cash Paid For Goods | 154.0M | 93.3M | 65.8M | 22.7M | 176.0M | 281.0M | 393.0M | 286.0M | 278.0M | 240.0M | 206.0M | 175.0M | 106.0M |
| Cash Paid To Employees | 31.9M | 27.2M | 16.0M | 23.6M | 31.4M | 45.2M | 42.2M | 32.0M | 28.3M | 22.8M | 16.7M | 13.9M | 11.4M |
| Taxes Paid | 11.4M | 9.9M | 2.8M | 5.9M | 5.2M | 21.1M | 20.1M | 29.0M | 24.0M | 25.4M | 15.2M | 10.9M | 8.7M |
| Total Operating Cash Outflow | 221.0M | 151.0M | 101.0M | 71.2M | 277.0M | 463.0M | 582.0M | 385.0M | 367.0M | 322.0M | 272.0M | 255.0M | 152.0M |
| Operating Cash Flow | -26.8M | -41.9M | -39.6M | 110.0M | 67.0M | 45.7M | -74.8M | 473,900 | 19.1M | -9.9M | 24.5M | -21.8M | 15.9M |
| Total Investing Cash Inflow | 53.3M | -- | 29.9M | 727,500 | 5.2M | 265,500 | 67,500 | 68,000 | -- | 29.9M | -- | 20,000 | -- |
| Total Investing Cash Outflow | 40.1M | 98.0M | 4.8M | 1.4M | 1.6M | 15.8M | 41.4M | 53.9M | 71.3M | 47.9M | 63.5M | 23.7M | 13.4M |
| Investing Cash Flow | 13.3M | -98.0M | 25.1M | -687,300 | 3.6M | -15.5M | -41.3M | -53.8M | -71.3M | -17.9M | -63.5M | -23.7M | -13.4M |
| Cash From Borrowings | 92.5M | 85.5M | 14.5M | 60.0M | 188.0M | 220.0M | 280.0M | 134.0M | 210.0M | 164.0M | 143.0M | 162.0M | 112.0M |
| Dividends And Interest Paid | 9.9M | 3.3M | 3.2M | 4.5M | 8.9M | 23.3M | 15.7M | 4.9M | 8.0M | 5.6M | 6.8M | 10.8M | 4.6M |
| Debt Repayments | 70.5M | 57.5M | 20.5M | 102.0M | 257.0M | 263.0M | 159.0M | 197.0M | 183.0M | 92.6M | 183.0M | 117.0M | 97.2M |
| Total Financing Cash Inflow | 93.5M | 214.0M | 14.5M | 90.0M | 188.0M | 220.0M | 280.0M | 310.0M | 218.0M | 164.0M | 238.0M | 162.0M | 112.0M |
| Total Financing Cash Outflow | 80.4M | 70.8M | 23.7M | 157.0M | 266.0M | 286.0M | 175.0M | 204.0M | 202.0M | 99.1M | 192.0M | 130.0M | 105.0M |
| Financing Cash Flow | 13.1M | 143.0M | -9.2M | -66.9M | -78.3M | -66.5M | 105.0M | 106.0M | 15.8M | 64.5M | 46.2M | 32.3M | 6.8M |
| Net Change In Cash | -292,200 | 3.4M | -23.7M | 42.7M | -7.8M | -36.4M | -10.7M | 52.6M | -36.4M | 36.6M | 7.2M | -13.2M | 9.4M |
| Ending Cash Balance | 31.7M | 31.9M | 28.5M | 52.2M | 9.5M | 17.3M | 53.7M | 64.4M | 11.8M | 48.2M | 11.6M | 4.4M | 17.6M |
| Capex | 60,700 | 251,000 | -- | 394,600 | 382,700 | 15.8M | 41.4M | 53.9M | 71.3M | 47.9M | 33.6M | 23.7M | 13.4M |